Half-Year Financial Report - 1st half year 2023/24

Thomas Kölbl (CFO) 12 October 2023

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Disclaimer

This presentation contains forward looking statements. The statements are based on current assumptions and estimates made by the executive board and information currently available to its members. The forward looking statements are not to be viewed as guarantees of the future developments and results presented therein. Future developments and results are in fact dependent on a variety of factors and are subject to various risks and imponderables. They are based on assumptions that could in fact prove to be invalid. The risk and opportunity report in the 2022/23 annual report on pages 96 to 106 presents an overview of the risks. We assume no obligation to update the forward-looking statements made in this presentation.

This presentation includes percentage and number rounding. Typing and printing errors reserved. In addition, all disclaimers published on the Südzucker website apply.

Written and visual value statements are standardized as follows:

➔

/

/

/

± 1 %

± 1-4 %

± 4-10 %

> ± 10 %

stable

slight

moderate

significant

2

Südzucker Audio Webcast H1 2023/24, 12 October 2023

FINANCIAL TRANSPARENCY

Agenda

Financial Highlights H1 2023/24

Development of Segments

Income statement

Cash flow statement

Balance sheet

Outlook FY 2023/24

Appendix

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Südzucker Audio Webcast H1 2023/24, 12 October 2023

FINANCIAL TRANSPARENCY

Group income statement

1st quarter

2nd quarter

1st half year

(mn €)

2023/24

2022/23

+ / - in %

2023/24

2022/23

+ / - in %

2023/24

2022/23

+ / - in %

Revenues

2.518

2.275

10,7

2.560

2.349

9,0

5.078

4.624

9,8

EBITDA

356

236

50,8

383

229

67,2

739

465

58,9

EBITDA margin

14,1%

10,4%

15,0%

9,7%

14,6%

10,1%

Depreciation

-74

-73

1,4

-73

-76

-3,9

-147

-149

-1,3

Operating result

282

163

73,0

310

153

> 100

592

316

87,3

Operating margin

11,2%

7,2%

12,1%

6,5%

11,7%

6,8%

Result from restructuring/special items

1

2

-50,0

-2

-46

-95,7

-1

-44

-97,7

Result from companies consolidated at equity

-2

17

-

0

7

-100,0

-2

24

-

EBIT

281

182

54,4

308

114

> 100

589

296

99,0

Net earnings attributable to shareholders

164

87

88,5

181

39

> 100

345

126

> 100

Earnings per share (€)

0,80

0,43

88,5

0,89

0,19

> 100

1,69

0,62

> 100

Cash flow

295

183

61,2

297

179

65,9

592

362

63,5

Investments in fixed assets*

79

65

21,5

120

92

30,4

199

157

26,8

Working Capital

3.312

2.343

41,4

3.248

2.492

30,3

Capital Employed

7.424

6.423

15,6

7.378

6.558

12,5

Net financial debt

1.952

1.358

43,7

1.899

1.565

21,3

Employees

19.087

18.819

1,4

19.387

18.677

3,8

* Including intangible assets

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Südzucker Audio Webcast H1 2023/24, 12 October 2023

FINANCIAL TRANSPARENCY

Financial Highlights - H1 2023/24

Revenues

5.1 (4.6) bn €

Sugar: 2.0

(1.4) bn €

Non-sugar:3.1

(3.2) bn €

EBITDA

739 (465) mn €

Sugar:

423 (60) mn €

Non-sugar:

316 (405) mn €

Operating Result

592 (316) mn €

Sugar:

380 (16) mn €

Non-sugar:

212 (300) mn €

Cash flow

592 (362) mn €

Working Capital

3,248 (2,492) mn €

Capital Employed

7,378 (6,558) mn €

Net Financial Debt

1,899 (1,565) mm €

Equity ratio

48 (50) %

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Südzucker Audio Webcast H1 2023/24, 12 October 2023

FINANCIAL TRANSPARENCY

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Disclaimer

Südzucker AG published this content on 12 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 05:48:11 UTC.