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  • Corporate presentation 2015

    S U G A RS TA R C HF R U I TThe natura l upgrade

    Corporate presentation 2015AGRANA Beteiligungs-AG

  • Corporate presentation 2015 2

    OVERVIEW

    About us

    AGRANA-products in daily life

    Strategy

    Production sites

    Group- & ownership structure

    Strategy

    History

    Financials

    Segment SUGAR

    Segment STARCH

    Segment FRUIT

    Research & Development

    Sustainability

    Business figures 2014|15

    Outlook

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

    13

    14

    9

    10

    11

    12

    8

    15

  • Corporate presentation 2015 3

    We refine agricultural raw materials, turning them into a range of different industrial products to supply local producers as well as large multinational companies active in the food processing industry, in particular

    We also serve the end-consumer market in the Sugar segment with country-specific brands such as Wiener Zucker in Austria

    ABOUT US

    AGRANA FACTS

    8,700employees

    54production

    sites 2.5 bn

    revenue

    Leading

    SUGARSUPPLIERIn Central, Eastern & South-Eastern Europe

    Major manufacturer of customer-specific

    STARCHPRODUCTS

    World market leaderin the production of

    FRUITPREPARATIONS

  • Corporate presentation 2015 4

    AT A GLANCEAGRANA-PRODUCTS IN DAILY LIFE

    SUGAR STARCH FRUIT

    for consumers: Wiener Zucker (20%) for food producers:

    e.g. for pastries, confectionery, dairy products, preserves, drinks etc. (80 %)

    as food ingredients, e.g. forsauces, potato products etc. as child and infant food for cosmetic products for technical applications,

    e.g. for paper finishing as animal feeds for bioethanol

    fruit preparations in dairyproducts, ice-cream, in bakedgoods or as fruit decoration

    fruit juice concentrates in soft drinks and alcoholicbeverages

  • Corporate presentation 2015 5

    STRATEGYREFINING OF AGRICULTURAL RAW MATERIALS

    SUGARCENTRAL & EASTERN EUROPE

    FRUITGLOBAL

    STARCHEUROPE

    SynergiesUse synergies between business segments to position the Group optimally for the increasingly volatile operating environment in the segments

    Customer- and market-oriented growth in CEE

    and Southeastern Europe

    Organic growth, and adding value by tailor-

    made products

    Customer- and market-oriented global growth

    Capital marketA long-term asset for shareholders

    Investors & Customers Balance of risk, exchange of know-how between the segments, cost savings through synergies

  • Corporate presentation 2015

    INT. PRODUCTION MEETS INT. CUSTOMERS54 PRODUCTION SITES WORLDWIDE

    Austria

    Czech Rep.

    Hungary*Romania

    Slovakia

    Bosnia-Herzegovina Bulgaria

    SUGAR7 sugar beet plants2 raw sugar refineries & Instantina plant

    Countries with production sitesMain marketsStarch plantsBioethanol plants

    STARCH5 starch plants (incl. 2 bioethanol plants)

    Beet sugar plantsRaw sugar refinery

    Countries with plants

    Other markets

    * Also with refiningactivities

    FRUIT25 fruit preparation plants and14 fruit concentrate plants

    Distribution centre Potential Growth RegionsCountries with production sites

  • Corporate presentation 2015 7

    GROUP STRUCTURE

    AGRANA Strke GmbHAGRANA Zucker GmbH

    39 sites5,519 employees1,062.3 m revenue

    10 sites2,326 employees731.1 m revenue

    5 sites863 employees700.1 m revenue

    54 sites8,708 employees2.5 bn revenue

    FRUITSUGAR STARCH

    AGRANA Beteiligungs-AG

    AGRANA Internationale Verwaltungs-& Asset Management GmbH

  • Corporate presentation 2015

    ~86,2%1

    8

    OWNERSHIP STRUCTURE

    TOTAL: 14.202.040 shares

    Z & SZucker und Strke

    Holding AG

    ZBG

    Sdzucker

    RbenproduzentenBeteiligungs-GmbH

    Raiffeisen-HoldingN-Wien

    FREE FLOAT

    Intention to increase the effective free float

    ~50%

    ~70%

    ~30%

    ~10% ~50%

    ~6,5%2

    ~7,3%

    1 without call option exercisable on AGRANA shares held directly by Sdzucker2 directly held by Sdzucker; 4.9% to be placed in the market

  • Corporate presentation 2015 9

    HISTORYOUR

    1988 1989 1990 1991 2012 201320082003 2010 - 2011 2014

    FOUNDINGof AGRANA Beteiligungs-AG

    PARTNER-SHIPwith GermanysSdzucker AG

    INITIAL PUBLIC OFFERING (IPO)of AGRANA Beteiligungs-AG

    OPENINGOf the bioethanolfacility in Pischelsdorf|Austria

    MERGERof AGRANA JuiceHolding GmbH andYbbstaler Juice AustriaGmbH and thelaunch of the newbrand AUSTRIA JUICE

    OPENINGof the new AGRANAResearch & Innovation Center (ARIC) in Tulln|Austria

    50% ACQUISITIONIn the Hungarian cornstarch und Isoglucosemill HUNGRANA

    DEVELOPMENTof the third businesssegment, Fruit, withthe areas of fruitpreparations andfruit juiceconcentrates

    OPENINGof the wheat starch plant in Pischelsdorf|Austria

    EXPANSIONof the companyspresence in the area offruit preparations in theMiddle East and Africawith plants in Cairo|Egypt andJohannesburg|SouthAfrica

    EXPANSION of the Sugar andStarch segments by means ofacquisitions in Bosnia-Herzegovina, Bulgaria, Romania, Slovakia, Czech Republic andHungary

    EXPANSIONof the companys presence in the area of fruit

    preparations with a fourth US-plant in Lysander|USA

  • Corporate presentation 2015 10

    REVENUE AND OPERATING PROFIT1988-2015

    355.8 500.7580.9

    875.7

    1,989.2 2,493.5

    24.7 12.629.1

    80.5 91.9

    102.0

    0

    500

    1.000

    1.500

    2.000

    2.500

    3.000

    3.500

    100

    200

    300

    400

    m r

    even

    ue

    m o

    pera

    ting

    prof

    it

    REVENUEOPERATING PROFIT

  • Corporate presentation 2015

    1,989.22,165.9

    2,577.6

    3,065.92,841.7

    86.9

    128.6

    231.0 217.9

    166.9121.7

    2,493.5

    11

    REVENUE-, EBIT- AND MARGIN DEVELOPMENT

    4.4 %

    9.0 %7.1 %

    5.9 %4.9 %

    m

    5.9 %

    REVENUE

    EBIT-MARGEEBIT

    *The prior-year data have been restated under IAS 8.

  • Corporate presentation 2015 12

    REVENUE BY SEGMENT2014|15 VS PRIOR YEAR

    962.9706.7

    1,172.1

    2,841.7

    731.1 700.11,062.3

    2,493.5

    0

    1000

    2000

    3000

    m

    2013|14*2014|15 2013|14* 2014|15 2013|14* 2014|15 2013|14* 2014|15

    29.3%

    28.1%

    42.6%

    2014|15

    *The prior-year data have been restated under IAS 8.

    33.9%

    24.9%

    41.2%

    2013/14*SUGARSTARCHFRUITGROUP

  • Corporate presentation 2015 13

    EBIT BY SEGMENT2014|15 VS PRIOR YEAR

    49.2 53.963.8

    166.9

    9.054.1 58.6

    121.7

    0

    50

    100

    150

    200

    m

    2013|14* 2014|15 2013|14* 2014|15 2013|14* 2014|15 2013|14* 2014|15

    7.4%

    44.5%

    48.1%

    2014|15

    29.5%

    32.3%

    38.2%

    2013/14*SUGARSTARCHFRUITGROUP

    *The prior-year data have been restated under IAS 8.

  • Corporate presentation 2015 14

    INVESTMENT DEVELOPMENT

    16.0 25.355.9

    43.1 34.59.1

    29.3

    59.1

    35.0

    13.730.8

    42.5

    34,80

    51.8

    43.0

    0

    20

    40

    60

    80

    100

    120

    140

    160

    2010|11 2011|12 2012|13 2013|14 2014|15*

    m

    55.9

    149.8

    97.1

    130.0

    91.2

    SUGARSTARCHFRUITGROUP

    *equity-method

  • Corporate presentation 2015 15

    INVESTMENT DETAILS2014|15

    SUGAR

    FRUIT

    STARCH

    Expansion of the molasses desugaring plant in Tulln|AUT Erection of the packaging centre in Kaposvr|HU: finished by the 2015|16

    campaign Pulp press replacement in Hruovany and Opava|CZ, and Sered|SK

    Capacity expansion of waxy corn derivative production in Aschach|AUT Increase of spray drying capacity in Gmnd|AUT Capital expenditures in the wet derivatives plant in Gmnd|AUT Expansion of ActiProt DDGS storage in Pischelsdorf|AUT

    Completion & production start of the US fruit preparations plant in Lysander|New York

    Completion of a third production line at the fruit preparations plant in Brazil Expansion of cold storage facility in Morocco

  • Corporate presentation 2015

    SEGMENT

    SUGAR

    16

  • Corporate presentation 2015 17

    SUGAR SEGMENT

    Sugar: is obtained from sugar beet without any

    additives pure, natural product

    is a natural provicer of energy as part of a balanced diet

    AGRANA: market leader in Austria and top provider in Eastern and South-Eastern Europe

    Close partnerships with sugar beet growers: AGRANA offers wide range of advice on growing sugar beet

    End-consumer-market is served with country-specific brands

    Europes largest producer of organic sugar: Wiener Bio Kristallzucker: sugar made from

    organically grown Austrian beet

  • Corporate presentation 2015

    AGRANA SUGARBENEFIT FROM THE STRONG MARKET POSITION IN CEE AND SEE

    (1) AGRANA beet quota for 2014|15 Sugar Marketing Year (SMY)(2) Refined raw sugar production (2014|15)

    7 SUGAR PLANTS AND2 RAW SUGAR REFINERIES

    Austria

    Czech Rep.

    Hungary*Romania

    Slovakia

    Bosnia-Herzegovina Bulgaria

    Beet sugar plantsRaw sugar refinery

    Countries with plants

    Other markets

    * Also with refining activities

    Distribution centre

    1,000 TONNESEU-

    QUOTA

    AGRANA SUGAR BEET

    QUOTA(1) MARKET

    POSITIONAustria

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