Corporate Presentation 2020 AGRANA Beteiligungs-AG
Total Page:16
File Type:pdf, Size:1020Kb
FRUIT STARCH SUGAR The natural upgrade Corporate Presentation 2020 AGRANA Beteiligungs-AG Corporate presentation 2020 OVERVIEW 1 About us 9 Segment FRUIT 10 2 AGRANA-products in daily life Segment STARCH 11 Segment SUGAR 3 Strategy 12 Research & Development 4 Production sites 13 Sustainability 5 Group- & ownership structure 14 Business figures 2019|20 6 History 15 Outlook 7 Financials 8 Investment Corporate presentation 2020 2 ABOUT US AGRANA FACTS . We refine agricultural raw materials, turning them into a range of different World market leader in the industrial products to supply local production of producers as well as large multinational FRUIT companies active in the food processing SUPPLIER PREPARATIONS industry, in particular Major manufacturer of customer-specific . We also serve the end-consumer market STARCH in the Sugar segment with country- PRODUCTS specific brands such as „Wiener Zucker“ in Austria Leading 56 SUGAR SUPPLIER production 2.5 € bn In Central, Eastern & South- sites 9,400 revenue Eastern Europe employees Corporate presentation 2020 3 STRATEGIC POSITIONING B2B WE ALL CONSUME AGRANA (PRODUCTS) At the beginning AGRANA supplies there is always the Big Names... agriculture… AGRANA refines We all consume agricultural raw confectionery, beverage, AGRANA every materials... fermentation industries, food retailers; paper, day... textile, pharmaceutical industries; feed industry; dairy, ice-cream, bakery industries and many more Corporate presentation 2020 4 AGRANA-PRODUCTS IN DAILY LIFE AT A GLANCE FRUIT STARCH SUGAR . fruit preparations in dairy as food ingredients, e.g. for .for consumers: products, ice-cream, in sauces, potato products etc. „Wiener Zucker“ (20%) baked goods or as fruit .as child and infant food decoration . for cosmetic products .for food producers: .for technical applications, e.g. for pastries, . fruit juice concentrates in e.g. for paper finishing confectionery, dairy soft drinks and alcoholic .as animal feeds products, preserves, beverages .for bioethanol drinks etc. (80%) 5 Corporate presentation 2020 REFINING OF AGRICULTURAL RAW MATERIALS STRATEGY Customer- and market- oriented growth in CEE FRUIT and Southeastern Europe GLOBAL Synergies Organic growth, and adding Use synergies between value by tailor-made STARCH business segments to products EUROPE position the Group optimally for the increasingly volatile operating environment in Customer- and market- the segments oriented global growth SUGAR CENTRAL & EASTERN EUROPE Investors & Customers Balance of risk, exchange of know-how between the segments, cost savings through synergies Capital market A long-term asset for shareholders Corporate presentation 2020 6 INTERNATIONAL PRODUCTION MEETS INT. CUSTOMERS 56 PRODUCTION SITES WORLDWIDE FRUIT STARCH SUGAR 7 sugar beet plants 26 fruit preparation plants and 5 starch plants 2 raw sugar refineries & 15 fruit concentrate plants (incl. 2 bioethanol plants) 1 Instantina plant Czech Rep. Slovakia Austria Hungary* Romania Bosnia- Herzegovina Bulgaria Countries with production sites Countries with plants Beet sugar plants Main markets Other markets Raw sugar refinery Countries with production sites Starch plants Distribution centre Potential Growth Regions Bioethanol * Also with refining plants activities Corporate presentation 2020 7 QUANTITY OVERVIEW Raw material processing: Sales: 5.4 million tonnes 8.4 million tonnes Total share Fruit 13 % Total share Fruit Sugar 37 % 0.3 0.8 0.8 Sugar 1.9 2.5 4.6 Starch 2.7 Total share Starch 50 % 0.22 Beet Raw Sugar Grain in million tonnes Potato Fruits Corporate presentation 2020 8 GROUP STRUCTURE AGRANA Beteiligungs-AG 56 sites 9,389 employees ~2.5 € bn revenue FRUIT STARCH SUGAR AGRANA Internationale AGRANA Stärke GmbH AGRANA Zucker GmbH Verwaltungs- & Asset AGRANA Sales & Marketing GmbH Management GmbH 5 sites 1,134 employees 41 sites 807.0 €m revenue 10 sites 6,290 employees 1,965 employees 1,185.4 €m revenue 488.3 €m revenue Corporate presentation 2020 9 OWNERSHIP STRUCTURE ~30% Rübenproduzenten Beteiligungs-GmbH ~50% ZBG ~70% Raiffeisen-Holding AGRANA Zucker, Stärke und NÖ-Wien ~78.34% Frucht Holding AG ~10% ~50% Südzucker ~2.74%1 ~18.92% TOTAL: 62,488,976 shares 1 directly held by Südzucker Corporate presentation 2020 10 OUR HISTORY EXPANSION of the company‘s EXPANSION presence in the area of of market position in fruit preparations in the Asia through the OPENING acquisition of the Middle East and Africa of the wheat starch with plants in Indian fruit processing plant in plant SAIKRUPA Fruit Cairo|Egypt and Pischelsdorf|Austria Johannesburg|South Processing Pvt. Ltd. EXPANSION DEVELOPMENT Africa of the third business OPENING of the company‘s 50% segment, Fruit, with the of packaging presence of fruit areas of fruit stock and preparations in Algeria ACQUISITION logistics hub by acquiring 49% of FOUNDING In the Hungarian corn preparations and fruit in shares in Elafruits SPA of AGRANA starch und Isoglucose juice concentrates Kaposvár|H Beteiligungs- mill HUNGRANA AG U 1988 1989 1990 1991 2003 2008 2010 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 OPENING OPENING ACQUISITION PARTNER- INITIAL PUBLIC OPENING MERGER of the wheat starch of the new AGRANA SHIP OFFERING (IPO) Of the bioethanol of AGRANA Juice plant Ⅱ in of the American facility in Research & organic with Germany‘s of AGRANA Holding GmbH Pischelsdorf|Austria Pischelsdorf|Austria Innovation Center Südzucker AG Beteiligungs-AG and distribution Ybbstaler Juice (ARIC) in company Austria Tulln|Austria OPENING Marroquin of a second fruit GmbH and the Organic preparation plant launch of the new International brand AUSTRIA in JUICE Changzhou|China EXPANSION 1990-2008 of the company‘s presence in the area of fruit preparations with a fourth US-plant in EXPANSION of the sugar and starch Lysander|USA segments through acquisitions in Bosnia- Herzegovina, Bulgaria, Romania, Slovakia, the Czech Republic and Hungary Corporate presentation 2020 11 2013|14 – 2019|20 REVENUE-, EBIT- AND MARGIN DEVELOPMENT 2,841.7 2,561.3 2,566.3 2,493.5 2,477.6 2,443.0 2,480.7 190.6 166.9 172.4 121.7 129.0 66.6 87.1 5.9 % 4.9 % 5.2 % 6.7 % 7.4 % 2.7 % 3.5 % Revenue EBIT EBIT Marge Corporate presentation 2020 12 € 1.2 billion CAPEX EVOLUTION investment in the last 10 financial years Sugar Starch Fruit Deprec. GROUP 183.8 149.8 149.7 140.9 130.0 116.0 114.7 97.1 91.2 ~80 55.9 Corporate presentation 2020 13 2019|20 INVESTMENT BY SEGMENT 2019|20 €m 183.8 FRUIT 149.7 • Second production line at new plant in China 56.2 • New lab for product development in Mitry-Mory, France 56.5 STARCH • Expansion of the wheat starch plant in Pischelsdorf, Austria 97.0 • Expansion of the corn starch derivatives plant in Aschach, Austria 73.6 • Measures taken to increase specialty corn processing in Aschach 30.6 19.6 SUGAR • Completion of the new warehouse for finished 2018|19 2019|20 product in Buzău, Romania • New sugar centrifuges for the optimisation of energy Sugar Starch Fruit consumption in Hrušovany, Czech Republic Corporate presentation 2020 14 SEGMENT FRUIT Corporate presentation 2020 15 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 2020 16 FRUIT PREPARATION – WHAT IS IT ABOUT? FRUIT SUGAR FRUIT PREPARATIONS + = … most important ingredient of … sweetens and supports taste and optional flavors and colours fruit preparations durability for an even fruitier taste and . Frozen (IQF or block) . Crystal sugar an intense colour . Aseptic . Liquid sugar (syrup) . Purees . Other sweeteners . Concentrates . Thickeners create a good mouth- feel and prevent emulsions − Pectins − Starch − Guar, Xanthan, … Corporate presentation 2020 17 SEGMENT STARCH Corporate presentation 2020 18 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 (e.g. organic and GMO free starch) to numerous industrial sectors: . food and beverage industries . plastic industry . paper and paper processing industry . textile industry . construction chemicals industry . pharmaceutical and cosmetic industries Corporate presentation 2020 19 STARCH SEGMENT MARKET POSITION STARCH . Austrian production sites: 5 starch plants . potato starch factory in Gmünd|AUT (incl. 2 bioethanol plants) . 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 GMO-free Countries with production sites starches for the food industry Main markets . Starch plants Bioethanol business: part of the Starch Bioethanol plants segment