SUGAR
S TA R C H
FRUIT
The natural upgrade
Corporate presentation 2016
AGRANA Beteiligungs-AG
Corporate presentation 2016
OVERVIEW
1
About us
10
Segment SUGAR
2
AGRANA-products in daily life
11
Segment STARCH
3
Strategy
12
Segment FRUIT
4
Production sites
13
Research & Development
5
25 years stock exchange listing
14
Sustainability
6
Group- & ownership structure
15
Economic footprint
7
History
16
Business figures 2015|16
8
Financials
17
Outlook
9
Investment
Corporate presentation 2016
2
ABOUT US
AGRANA FACTS
We refine agricultural raw materials, turning
them into a range of different industrial products
 We supply local producers and major
international groups, especially in the food
processing industry
 We also serve the end-consumer market in the
Sugar segment with country-specific brands such
as „Wiener Zucker“ in Austria

Leading
SUGAR
SUPPLIER
in Central, Eastern &
South-Eastern Europe
Major manufacturer
of customer-specific
STARCH
PRODUCTS
8,600
employees
Corporate presentation 2016
53
production
sites
World market leader
in the production of
2.5 €bn
revenue
FRUIT
PREPARATIONS
3
STRATEGIC POSITIONING B2B
WE ALL CONSUME AGRANA (PRODUCTS)
At the beginning there
is always agriculture…
AGRANA supplies
the Big Names...
We all consume
AGRANA every day...
AGRANA refines
agricultural raw materials...
confectionery, beverage,
fermentation industries, food
retailers; paper, textile,
pharmaceutical industries; feed
industry; dairy, ice-cream, bakery
industries and many more
Corporate presentation 2016
4
AGRANA-PRODUCTS IN DAILY LIFE
AT A GLANCE
SUGAR
STARCH
 for consumers:
„Wiener Zucker“ (20%)
 as food ingredients, e.g. as
thickener etc.
 for food producers:
e.g. for pastries,
confectionery, dairy products,
preserves, drinks etc. (80%)
 as child and infant food
 in cosmetic and
pharmaceutical products
 for technical applications,
e.g. for paper finishing
FRUIT
 fruit preparations in dairy
products, ice-cream, in baked
goods or as fruit decoration
 fruit juice concentrates in soft
drinks and alcoholic
beverages
 as animal feeds
 for bioethanol
Corporate presentation 2016
5
REFINING OF AGRICULTURAL RAW MATERIALS
STRATEGY
Customer- and marketoriented growth in CEE
and Southeastern Europe
Organic growth, and
adding value by tailormade products
Customer- and marketoriented global growth
SUGAR
CENTRAL & EASTERN EUROPE
STARCH
EUROPE
FRUIT
GLOBAL
Synergies
Use synergies
between business
segments to position
the Group optimally
for the increasingly
volatile operating
environment in the
segments
Investors & Customers
Balance of risk, exchange of knowhow between the segments, cost
savings through synergies
Capital market
A long-term asset for shareholders
Corporate presentation 2016
6
INTERNATIONAL PRODUCTION MEETS INTERNATIONAL CUSTOMERS
53 PRODUCTION SITES WORLDWIDE
SUGAR
STARCH
FRUIT
7 sugar beet plants
5 starch plants
(incl. 2 bioethanol plants)
24 fruit preparation plants and
14 fruit concentrate plants
2 raw sugar refineries & 1 Instantina plant
Czech Rep.
Austria
Slovakia
Hungary*
BosniaHerzegovina
Countries with plants
Other markets
Romania
Bulgaria
Beet sugar plants
Raw sugar refinery
Distribution centre
* Also with refining
activities
Corporate presentation 2016
Countries with production sites
Main markets
Starch plants
Bioethanol plants
Countries with production sites
Potential Growth Regions
AGRANA IS PROCESSING 8.5 MILLION TONNES
OF RAW MATERIALS
0.2
0.8
1.8
5.4
0.3
Equals processing of
 24,000 tonnes per day
 1,000 tonnes per hour
million tonnes
Beet
Raw sugar
Grain
Potato
Fruits
Including 50% of the JVs HUNGRANA and STUDEN
Corporate presentation 2016
8
AGRANA IS SELLING 5.7 MILLION TONNES OF
HIGH-QUALITY PRODUCTS
Fruit 13%
0.7 m tonnes of core products
 Fruit preparations (dairy and nondairy
 Fruit juice concentrates
 Other juice core products (NFC, fruit
wine
0.7
2.6
1.4 m tonnes of core
products
 Sugar
 Sugar speciality products
 (Quota and non-quota
sugar)
0.05 m tonnes of by-products/other
 Particularly pomace
 Natural flavours, beverage bases
2.4
1.2 m tonnes of core products
 Native starches
 Modified starches
 Saccharification products
 Alcohol and ethanol
0.7 m tonnes of by-products
 Feedstuffs & fertilisers
 Proteins (incl. DDGS / ActiProt©)
 Corn germ / mash
0.5 m tonnes of other products
 Soy
 Dried beet pulp
Corporate presentation 2016
0.6 m tonnes of byproducts
 Feedstuffs & fertilisers
 Molasses, beet pulp…
0.6 m tonnes of other
products
 Products of INSTANTINA
 Seeds, services…
Starch 41%
Sugar 46%
million tonnes
Sugar
Starch
Fruit
Including 50% of the JVs HUNGRANA and STUDEN
9
GROUP STRUCTURE
AGRANA Beteiligungs-AG
53 sites
8,600 employees
~ 2.5 €bn revenue
SUGAR
STARCH
FRUIT
AGRANA Zucker GmbH
AGRANA Stärke GmbH
AGRANA Internationale Verwaltungs& Asset Management GmbH
10 sites
2,185 employees
672.6 €m revenue
5 sites
870 employees
721.6 €m revenue
38 sites
5,455 employees
1,083.4 €m revenue
Corporate presentation 2016
10
OWNERSHIP STRUCTURE
Rübenproduzenten
Beteiligungs-GmbH
Raiffeisen-Holding
NÖ-Wien
~30%
ZBG
~50%
~70%
Z&S
Zucker und Stärke
Holding AG
~10%
~86.2%1
~50%
Südzucker
~6.5%2
TOTAL:
14,202,040 shares
~7.3%
FREE FLOAT
Intention to increase the
effective free float
1
2
without call option exercisable on AGRANA shares held directly by Südzucker
directly held by Südzucker; 4.9% to be placed in the market
Corporate presentation 2016
11
OUR
HISTORY
EXPANSION
50%
ACQUISITION
FOUNDING
of AGRANA
Beteiligungs-AG
1988
1989
in the Hungarian
corn starch and
Isoglucose mill
HUNGRANA
1990
PARTNERSHIP
with
Germany‘s
Südzucker AG
1991
DEVELOPMENT
of the third business
segment, Fruit, with
the areas of fruit
preparations and
fruit juice
concentrates
2003
2008
INITIAL PUBLIC
OFFERING (IPO)
of AGRANA Beteiligungs-AG
EXPANSION
of the Sugar
and Starch segments by means
of acquisitions in
Bosnia-Herzegovina, Bulgaria,
Romania, Slovakia,
Czech Republic and Hungary
Corporate presentation 2016
of the company‘s
presence in the area
of fruit preparations
in the Middle East
and Africa with
plants in Cairo|Egypt
and
Johannesburg|South
Africa
2010 - 2011
OPENING
of the bioethanol
facility in
Pischelsdorf|Austria
2012
OPENING
of the wheat starch
plant in
Pischelsdorf|Austria
2013
MERGER
of AGRANA
Juice
Holding GmbH
and
Ybbstaler Juice
Austria
GmbH and the
launch of the
new brand
AUSTRIA JUICE
2014
OPENING
of packaging
stock and
logistics hub in
Kaposvár|HU
2015
OPENING
of the new
AGRANA
Research &
Innovation
Center (ARIC)
in Tulln|Austria
EXPANSION
of the company‘s presence in the area
of fruit preparations with a fourth USplant in Lysander|USA
12
1991 – 2016: 25 YEARS LISTED AT THE VIENNA STOCK EXCHANGE
SOLID ECONOMIC GROWTH
€m
Revenue
Annual growth rates:
CAGR Revenue: 7.4%
EBIT
CAGR EBIT: 7.2%
2,577.6
2,477.6
1,915.8
231.0
842.8
415.5
23.0
Corporate presentation 2016
552.0
27.5
70.3
105.8
129.0
13
1991 – 2016: 25 YEARS LISTED AT THE VIENNA STOCK EXCHANGE
STEADY DIVIDEND POLICY
€
140
Performance (10 July 1991 – 9 May 2016): AGRANA +84.88% (last: € 85.99)
120
100
80
4.00
60
3.00
40
2.00
20
1.00
0
0
AGRANA share price
Dividend per share
Dividend proposal to the AGM on 1 July 2016: € 4.00 per share
Corporate presentation 2016
14
REVENUE-, EBIT- AND MARGIN DEVELOPMENT
REVENUE
EBIT
EBIT-MARGE
3,065.9
2,841.7
2,577.6
1,989.2
2,493.5
2,165.9
€m
231.0
217.9
166.9
128.6
9.0 %
86.9
4.4 %
Corporate presentation 2016
5.9 %
2,477.6
121.7
129.0
7.1 %
5.9 %
4.9 %
5.2 %
*The prior-year data have been restated under IAS 8.
15
INVESTMENT DEVELOPMENT
SUGAR
STARCH
FRUIT
GROUP
149.8
160
140
€m
120
100
80
34.8
97.1
42.5
20
116.0
51.8
91.2
59.1
35.0
60
40
130.0
43.0
41.7
28.2
13.7
29.3
55.9
25.3
43.1
34.5
46.1
0
2011|12
Corporate presentation 2016
2012|13
2013|14
2014|15*
2015|16*
*equity-method
16
MOST IMPORTANT PROJECTS IN THE GROUP
INVESTMENT OVERVIEW
2015|16
€m
116.0
SUGAR
•
91.2
41.7
•
•
43.0
28.2
STARCH
•
13.7
•
46.1
34.5
Expanded evaporator station in Leopoldsdorf|Austria, started
operation at the beginning of beet campaign
Upgraded and enlarged molasses desugarising plant in
Tulln|Austria, came on-stream
Full commissioning of packing lines at new packaging centre
in Kaposvár|Hungary
•
Plant expansion project in Aschach|Austria: Negotiations with
authorities completed, detailed planning is in progress,
clearing of construction site has begun
At the facility in Gmünd|Austria, a dry mixing plant for infant
formula was built
Extrusion cooking plant in Gmünd for the production of
thermoplastic starch
FRUIT
2014|15
Sugar
2015|16
Starch
GROUP
Corporate presentation 2016
Fruit
•
•
1
Installation of another IQF1 freezer in Mexico
Completion of the expansion of the container cleaning plant
at AGRANA Fruit in Australia
Individually quick-frozen
17
SEGMENT
SUGAR
Corporate presentation 2016
18
SUGAR SEGMENT

Sugar:


is obtained from sugar beet without any
additives  pure, natural product
is a natural provider 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 countryspecific brands

Europe’s largest producer of organic sugar:

‘Wiener Bio Kristall- und Staubzucker’: sugar
made from organically grown Austrian beet
Corporate presentation 2016
19
BENEFIT FROM THE STRONG MARKET POSITION IN CEE AND SEE
AGRANA SUGAR
1,000 TONNES
Austria
Hungary
Czech Republic
Slovakia
Romania
Total
Refining activities in
total (incl. Bosnia-H.)
EUQUOTA
AGRANA
SUGAR BEET
QUOTA(1)
351
105
372
112
105
1,045
351
105
94
44
24
618
#1
#1
#2
#2
n.a.
278(2)
n.a.
(1) AGRANA beet quota for 2014|15 Sugar Marketing Year (SMY)
(2) Refined raw sugar production (2014|15)
Corporate presentation 2016
MARKET
POSITION
7 SUGAR PLANTS AND
2 RAW SUGAR REFINERIES
Czech Rep.
Austria
Slovakia
Hungary*
BosniaHerzegovina
Countries with plants
Other markets
Romania
Bulgaria
Beet sugar plants
Raw sugar refinery
Distribution centre
* Also with refining
activities
SUGAR SEGMENT
 Maintenance of regional products…
....and specialty products
Corporate presentation 2016
21
SEGMENT
STARCH
Corporate presentation 2016
22
STARCH SEGMENT

Processing and refinement of top-quality corn,
wheat and potatoes to create a variety of different,
highly refined starch products

Manufacture of products made of valuable raw
materials at the highest quality level, using
modern, environmentally friendly methods

Starch and special starch products (eg. organic
and GMO free starch) to numerous industrial
sectors:
 food and beverage industries
 baby food industry
 paper and paper processing industry
 textile industry
 construction chemicals industry
 pharmaceutical and cosmetic industries
Corporate presentation 2016
23
STARCH SEGMENT
MARKET POSITION

Austrian production sites:
 potato starch factory in Gmünd|AUT
5 STARCH PLANTS
INCL. 2 BIOETHANOL FACILITIES
 corn starch plant in Aschach|AUT
 Bioethanol & wheat starch plant in
Pischelsdorf|AUT

AGRANA Stärke GmbH: operational
management and coordination of
international holdings in Hungary and
Romania

Focus on highly refined speciality products

Innovative, customer-driven products
supported by application advice

Leading position in organic and in GMOfree starches for the food industry

Bioethanol business: part of the Starch
segment
Corporate presentation 2016
Countries with production sites
Main markets
Starch plants
Bioethanol plants
24
SEGMENT
FRUIT
Corporate presentation 2016
25
FRUIT SEGMENT

Processing of fruit in the gentlest way possible,
applying state-of-the-art production processes.
Refinement of fruit into top quality fruit
preparations and fruit juice concentrates

Fruit juice concentrate business: operated by
AUSTRIA JUICE (formerly Ybbstaler) as a joint
venture between AGRANA and RWA (Raiffeisen
Ware Austria AG)

AGRANA Fruit …



is the global market leader in producing fruit
preparations for the dairy, baking and ice-cream
industries
is a leading producer of fruit juice concentrates in
Europe and
has established a global presence based on its
production facilities and international sales activities
Corporate presentation 2016
26
FRUIT SEGMENT
MARKET POSITION
FRUIT PREPARATIONS
24 FRUIT PREPARATION PLANTS &
14 FRUIT JUICE CONCENTRATE PLANTS
 World Market Leader in Fruit preparations:
 global market share > 30%
 Currently:
 Europe: stagnating market’s sales volumes of
fruit preparations at a high absolute level
 Good market growth rates in the Americas
and the Asia-Pacific region
FRUIT JUICE CONCENTRATES
 Largest producer of fruit juice concentrates in
Europe (AUSTRIA JUICE)
 Additional customer portfolio and new markets
 Expansion in aromas and beverage bases
Corporate presentation 2016
Countries with production sites
Potential Growth Regions
27
FRUIT PREPARATION – WHAT IS IT ABOUT?
+
… most important ingredient
of fruit preparations
 Frozen (IQF or block)
 Aseptic
 Fruit purees or pulp
 Concentrates
FRUIT PREPARATIONS
SUGAR
FRUIT
=
… sweetens and supports
taste and durability
 Crystal sugar
 Liquid sugar (syrup)
 Other sweeteners
Optional flavors and
colours for an even
fruitier taste and an
intense colour
THICKENERS
… create a good mouth-feel
and prevent emulsions
 Pectins
 Starch
 Guar, Xanthan, …
Corporate presentation 2016
28
AGRANA RESEARCH & INNOVATION CENTER TULLN|AUT
RESEARCH & DEVELOPMENT
AGRANA Research & Innovation Center (ARIC)

Bundling of all R&D activities at ARIC in Tulln|AUT

Synergies in crossdivisional research topics:
Clean Label / Nutrition / Sweeteners / Flavors

Networking with other research institutions

Aim: to secure and actively shape the company’s
success in the future through innovations:
 product innovations
 innovations related to our processes and
production technology

State-accredited testing unit for yield and quality
evaluation of sugar beets

Specialised R&D expertise is also made available to
third parties
Corporate presentation 2016
29
SUSTAINABILITY AT AGRANA
A harmonious balance of economic, environmental and
social responsibility
AGRANAs six subject areas in terms of sustainability:
 Environmental and social criteria in the sourcing of
agricultural raw materials
 Environmental and energy aspects of production
 Labor practices and human rights of employees
 Product responsibility and sustainable products
 Compliance and business conduct
 Social engagement
AGRANA formulated three principles that sum up its concept of
sustainability more concretely and reflect the six core subjects
most significant for the Group:
At AGRANA we …
 Utilise almost 100% of our raw materials and employ
low-emission technologies to protect the environment
 Respect all our stakeholders and the communities where
we operate
 Engage in long-term partnerships
Corporate presentation 2016
30
ENVIRONMENTAL AND SOCIAL CRITERIA IN THE
SOURCING OF AGRICULTURAL RAW MATERIALS
SUSTAINABILITY AT AGRANA

AGRANA principles for the purchasing
of agricultural raw materials and intermediary
products

In 2014 AGRANA Beteiligungs-AG joined SAI, an
initiative of stakeholders of the food
industry, founded in 2002 by Nestlé, Unilever
and Danone.

Main tool is the Farm Sustainability
Assessment (FSA) …
 FSA is a farm-specific questionnaire
developed by SAI, that is applicable
worldwide
 that enables agricultural producers to
assess the status of their operations in terms
of sustainable production practices
 is a decision aid for customers who wish
to select their suppliers based on
sustainability criteria beyond international
certification schemes
Corporate presentation 2016
SAI‘s Farm Sustainability
Assessment (FSA)

Implementation through
AGRANA's Raw Material
Information System (RIS),
an online tool for AGRANA
contract growers
 112 questions on farm
management, plant
protection, fertilization and
work safety
 3 rating levels: gold, silver,
bronze
FARM SUSTAINABILILTY ASSESSMENT (FSA)
SUSTAINABILITY AT AGRANA
 First FSA implementation in 2015 for
all contract farmers
 beet, potato
 Austria, Slovakia, Hungary,
Czech Republic, Romania
 Very positive results for all countries
and raw materials
 Silver- and gold status in all
countries confirms high level of
sustainability in cultivation
Results FSA 2015
Austria beet & potato
4%
44%
Gold
gold
52%
silver
Silber
Noch
nicht
Bronze
not yet
bronze
Results without external verification
Corporate presentation 2016
MEASURES IN THE CORE BUSINESS
SUSTAINABILITY AT AGRANA
ENERGY EFFICIENCY
Targets 2020|21
Sugar (baseline 2013|14):
• 2014: Introduction of an energy-managementsystem in all Austrian production plants and • 5% reduction of direct
energy / tonne of core- &
certification according to ISO 50001; CEE
by-products
sites as of 2015|16
• Low temperature dryers installed at the Tulln Starch (baseline 2013|14):
• 50 GWh (all measures
& Leopoldsdorf site, both Austria, have saved
summed up) reduction of
more than 100,000 tonnes CO2equ. since their
energy consumption until
installation in 2011|12
2020|21
• At the Kaposvár|HU factory AGRANA meets
approx. 60% of our primary energy needs during Fruit (baseline 2014|15):
• 6.8% reduction of total
the campaigns with biogas produced on site.
energy consumption / tonne
Thanks to the installation of a treatment unit for
of fruit preparation (baseline
biogas and its feeding into the natural gas
2013|14)
network in 2015|16, the factory will operate
• Hold energy use per tonne
of fruit juice concentrate &
largely autonomously in terms of its primary
by-products constant at
energy needs, when calculated over the year, in
2014|15 baseline
the future.
Corporate presentation 2016
33
MEASURES IN THE CORE BUSINESS
SUSTAINABILITY AT AGRANA
„ZERO-WASTE“-PRINCIPLE

Almost complete (98.6 to 99.9%) of raw
materials use in all segments through
 the efficient use of raw materials
 technical innovations and
 product development (main & by-products)

Biorefinery Pischelsdorf|AUT: Integration of
2013 opened wheat starch plant and the
bioethanol facility
 100% grain utilization  resource
efficiency
Corporate presentation 2016
34
BIOREFINERY PISCHELSDORF
BIOETHANOL
WHEAT STARCH
Feedstuff
ActiProt®
Corporate presentation 2016
High-purity CO2
35
"ONE RAW MATERIAL = FOUR PRODUCTS"
WITH ONE RAW MATERIAL TO FOUR PRODUCTS
1
wheat starch products
WHEAT BRAN
A-WHEAT
STARCH
rollermill
WHEAT
WHEAT GLUTEN
starch-factory
B+C -Starch
2
BIOETHANOL
3
WHEAT + CORN
hammermill
fermenter
ethanol-plant
ACTIPROT®
4
BIOGENIC CO2
Corporate presentation 2016
36
FOUR PRODUCTS AT PISCHELSDORF SITE
 Wheat starch, bran and gluten
 Bioethanol:



Capacity: processing of around 500,000 tonnes of cereals p.a. to approx. 240,000 m³
bioethanol p.a.
Sales of bioethanol:
 50 %: domestic
 50 %: export > loss of 190,000 tonnes yearly of greenhouse gas emission savings
for Austria!
Ecological added value:
 Saving of greenhouse gas emissions compared to petrol
(life cycle analysis performed by Joanneum Research)
 GMO-free protein-rich animal feed (ActiProt®):
 Production volume: approx. 180,000 to p.a.

Ecological added value: substitution of around 1/3 of Austria’s soya-protein animal feed
imports from South America
 Biogenic carbonic acid (processed by Air Liquide to make high-purity carbonic acid)



Liquification of biogenic CO2 previously bound in plants
Used in particular for carbonised beverages
This substitutes fossil-based CO2
Corporate presentation 2016
37
AGRANAS ECONOMIC FOOTPRINT
 Study carried out by
“Economica”
 Calculation of the economic impact
of AGRANA's business operations
according to the companies
understanding of sustainability, as a
balance of economic, environmental
and social aspects
 Methodology: Input-Output Analysis
 Based on data of the 2014|15
financial year
Corporate presentation 2016
Gross value-added: the gross value added
calculates the amount that is available to
remunerate the production factors of labour
(wages and salaries) and capital (profit, interest
on borrowed capital and deductions).
Direct effects: Include that value of gross
value creation or employment that is earned
directly in the enterprise under consideration or
generates jobs.
Indirect effects: Come into existence through
the advance services interfaces of the observed
enterprise in other sectors (e.g. a clinic requires
advance services medications, electricity, etc.,
through which the final demand in the
pharmaceutical industry and the electricity
economy are stimulated and then in turn need
advance services, etc.).
Induced effects: The jobs created and/or
secured in the direct or indirect effect generate
income that is then spent again by the workers
(above all for consumption). This promotes
ultimate demand in the respective sectors
(especially retail).
Multipliers: Represent the extent to which the
total effects exceed the original direct effect. A
multiplier is calculated as the sum of the total
value added divided by the direct economic
value added generated by AGRANA.
38
RESULTS ECONOMIC FOOTPRINT
AGRANA-GROUP
Gross value-added (business operations):
in €m
511
€ 1.5 bn
975
Gross value-added (investment):
in €m
142
€ 172 m
Macroeconomically relevant!
Share of the Austrian GDP:
• Direct effect: around 0.2%
• Total effect: around 0.5%
Gross value-added multiplier:
Employment effects (business operations):
8,708
30,970
40,000 jobs
Employment effects (investments):
4,622 jobs
direct
Every Euro of gross value-added
generated by AGRANA, created up to
two additional euros of value-added in
other companies.
Employment multiplier:
indirect + induced
Corporate presentation 2016
39
GROSS VALUE-ADDED (GVA) EFFECTS
AGRANA GROUP (BUSINESS OPERATIONS)
Gross value-added effects of the AGRANA Group‘s business
operations by segment in €m, 2014|15
133.8

The largest single
contribution (58 %) is
made by the Fruit
segment

The largest economic
lever expressed as the
multiplier, is also
found in the Fruit
segment.
1,485.3
76.0
26.8
31.0
840.9
499.9
860.2
182.5
510.6
158.5
333.1
284.3
Multiplier:
123.8
102.5
292.0
Direct GVA
Indirect GVA
Sugar Segment
Corporate presentation 2016
Induced GVA
Starch Segment
Total GVA
Fruit Segment
•
Sugar: 2.85
•
Starch: 2.69
•
Fruit: 3.03
EMPLOYMENT EFFECTS
AGRANA GROUP (BUSINESS OPERATIONS)
Employment effects of the AGRANA Group‘s business operations
by segments, (heads), 2014|15
1,867
29,103
957
347
563
15,351
5,017
9,945
The larger economic
levers, are however
found in the Starch and
Sugar segments.
12,834
Multiplier:
Indirect
employment
(persons)
Sugar Segment
Corporate presentation 2016

21,827
5,519
863
2,326
Direct
employment
(persons)
The largest contribution
to the employment
effects is made by the
Fruit segment because
of the global presence
and the employment
model.
39,678
3,807
8,708

Induced
employment
(persons)
Starch Segment
Total
employment
(persons)
Fruit Segment
• Sugar: 5.52
• Starch: 5.81
• Fruit: 3.95
2015|16
BUSINESS FIGURES
Corporate presentation 2016
2015|16 VS PRIOR YEAR
REVENUE BY SEGMENT
2015|16
2014|15
SUGAR
STARCH
29.3%
27.2%
43.7%
42.6%
FRUIT
GROUP
29.1%
28.1%
3.000
Revenue in €m
2,493.5 2,477.6
2.000
-0.6%
1.000
731.1
0
672.6
2014|15 2015|16
Corporate presentation 2016
700.1
721.6
2014|15 2015|16
1,062.3
1,083.4
2014|15 2015|16
2014|15 2015|16
43
2015|16 VS PRIOR YEAR
EBIT BY SEGMENT
2015|16
2014|15
7.4%
SUGAR
STARCH
3.3%
1.2%
0.6%
45.6%
48.1%
FRUIT
5.4%
5.5%
GROUP
44.5%
51.1%
7.7%
9.1%
200
EBITMarge
EBIT in €m
150
121.7 129.0
100
50
54.1
9.0
0
58.6
58.8
4.3
2014|15 2015|16
Corporate presentation 2016
65.9
2014|15 2015|16
2014|15 2015|16
2014|15 2015|16
44
CONSOLIDATED INCOME STATEMENT
2015|16
2,477.6
2014|15
Change
2,493.5
-0.6%
EBITDA1
192.0
181.9
+5.6%
Operating profit before except. items
and results of equity-accounted JV
107.5
102.0
+5.4%
Share of results of equity-accounted JV
24.5
25.4
-3.5%
Exceptional items
(3.1)
(5.7)
+45.6%
129.0
121.7
+6.0%
5.2%
4.9%
+0.3pp
(24.5)
104.4
(23.5)
80.9
(5.2)
-371.2%
116.5
-10.4%
(31.9)
+26.3%
84.6
-4.4%
82.7
80.9
+2.1%
€ 5.82
€ 5.70
+2.1%
€m (condensed)
Revenue
EBIT
EBIT margin
Net financial items
Profit before tax
Income tax expense
Profit for the period
Attributable to shareholders of the parent
Earnings per share
EBITDA represents operating profit before exceptional items, results of equityaccounted joint ventures, and operating depreciation and amortisation.
1
Corporate presentation 2016
45
CONSOLIDATED BALANCE SHEET
29 Feb. 2016
1,027.7
28 Feb. 2015
Change
1,136.6
-9.6%
1,213.9
1,270.3
-4.4%
1.6
0.0
-
Total assets
2,243.2
2,406.9
-6.8%
Equity
1,200.1
1,194.4
+0.5%
Non-current liabilities
378.7
418.1
-9.4%
Current liabilities
664.4
794.4
-16.4%
2,243.2
2,406.9
-6.8%
53.5%
49.6%
+3.9pp
Net debt
405.8
330.3
+22.9%
Gearing
33.8%
27.7%
+6.1pp
€m (condensed)
Non-current assets
Current assets
Non-current assets held for sale
Total equity and liabilities
Equity ratio
Corporate presentation 2016
46
CONSOLIDATED CASH FLOW STATEMENT
2015|16
2014|151
Change
Operating cash flow before changes in
working capital
225.9
208.1
+8.6%
Changes in working capital
(73.7)
52.0
-241.7%
Total of interest paid/received and tax paid
(50.3)
(33.0)
-52.4%
Net cash from operating activities
101.9
227.1
-55.1%
Net cash (used in) investing activities
(19.9)
(84.2)
+76.4%
Net cash (used in) financing activities
(163.6)
(81.1)
-101.7%
(81.6)
61.8
-232.0%
€m (condensed)
Net (decrease)/increase in cash and
cash equivalents
1
Corporate presentation 2016
The prior-year data were restated.
47
ANALYSIS OF NET FINANCIAL ITEMS
2015|16
2014|15
Change
(8.4)
(10.2)
+17.6%
(13.5)
7.8
-273.1%
Share of results of non-consolidated
subsidiaries and outside companies
0.03
0.8
-96.2%
Other financial items
(2.6)
(3.6)
+27.8%
(24.5)
(5.2)
-371.2%
€m
Net interest expense
Currency translation differences
Total
Corporate presentation 2016
48
AGRANA
OUTLOOK
Corporate presentation 2016
OUTLOOK
2016|17
 AGRANA expects Group revenue to increase
moderately and operating profit (EBIT) to
increase significantly for the 2016|17 financial
year.
 Total investment in the three business segments,
at about €129 million, will significantly exceed
depreciation of about €85 million.
Corporate presentation 2016
50
DISCLAIMER
This presentation is being provided to you solely for your information and may not be reproduced or further distributed to
any other person or published, in whole or in part, for any purpose. This presentation comprises the written
materials/slides for a presentation concerning AGRANA Beteiligungs-AG (“Company”) and its business.
This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer
to purchase or subscribe for, any shares in the Company, nor shall it or any part of it form the basis of, or be relied on in
connection with, any contract or investment decision.
This presentation includes forward-looking statements, i.e. statements that are not historical facts, including statements
about the Company's beliefs and expectations and the Company's targets for future performance are forward-looking
statements. These statements are based on current plans, estimates and projections, and therefore investors should not
place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company
undertakes no obligation to update publicly any of them in light of new information or future events.
Although care has been taken to ensure that the facts stated in the presentation are accurate, and that the opinions
expressed are fair and reasonable, the contents of this presentation have not been verified by the Company no
representation or warranty, express or implied, is given by or on behalf of the Company any of its respective directors, or
any other person as to the accuracy or completeness of the information or opinions contained in this presentation. Neither
the Company nor any of its respective members, organs, representatives or employees or any other person accepts any
liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in
connection therewith.
Corporate presentation 2016
51