THE SÜDZUCKER GROUP PROFILE 2021 Contents
1. SÜDZUCKER GROUP 5.4. Sites 7.4 BioWanze SA 1.1 Overview 5.5 Südzucker AG 7.5 Ryssen AlcoolsSAS 1.2 Segment overview 5.5.1 Assortment for households 7.6 Ensus UK Ltd. 1.3 The range of Südzucker products 5.5.2 Assortment for processing industries 7.7 CT Biocarbonic 5.5.3 Co-products 2. STRATEGY & GUIDING PRINCIPLES 5.5.4 Wheat starch 8. STARCH SEGMENT 2.1 Company profile 5.6 Südzucker Polska 8.1 Overview 2.2 Group strategy 5.7 Südzucker Moldova 2.3 Guiding principle 5.8 Raffinerie Tirlemontoise 9. FRUIT SEGMENT 2.4 Strategic directions 5.9 Saint Louis Sucre 9.1 Overview 5.10 AGRANA 9.2 Figures 3. PEOPLE & FIGURES 5.11 ED&F Man 9.3 Fruit preparations 3.1 Group figures 5.12 Farms 9.4 Fruit juice concentrates 3.2 Segment figures 5.13 Bodengesundheitsdienst 3.3 Employees 10. RESEARCH & DEVELOPMENT 3.4 Executive board 6. SPECIAL PRODUCTS SEGMENT 3.5 Supervisoryboard 6.1 Overview 6.2 Figures 11. SUSTAINABILITY 6.3 BENEO 4. SHARE & CAPITAL MARKET 12. SÜDZUCKER HISTORY 4.1 Overview 6.4 Freiberger 6.5 PortionPack Europe 4.2 Share price movement 13. SUGAR MARKET 4.3 Shareholder structure 7. CROPENERGIES SEGMENT 12.1 German & Global sugar market 12.2 German sugar sales 5. SUGAR SEGMENT 7.1 Overview 7.2 Figures 5.1 Overview 14. SUGAR PRODUCTION 5.2 Figures 7.3 CropEnergies Bioethanol GmbH 5.3 Campaign 2020/21
July 2021 1.1 Overview Südzucker Group
— One of the leading food industry companies — Segments sugar, special products, CropEnergies, starch and fruit1) — In the traditional sugar business, the group is Europe‘s number one supplier of sugar products — About 17,900 employees2) — About € 6.7 billion annual revenues — More than 100 production locations worldwide — About 31 million tonnes of agricultural raw materials processed — Sugar productions: 3.7 million tonnes — Fiscal year: 1 March to 28/29 February — Member of the German SDAX® — Formation 1926 — Legal form: stock corporation under German law
1) New segment structure as of fiscal 2021/22; 2) Based on full-time equivalents.
July 2021 1. SÜDZUCKER GROUP 1.2 Südzucker Group: Segment overview* Sugar is our core business, yet Südzucker is more than sugar …
Sugar Special products CropEnergies Starch Fruit segment segment segment segment segment
23 sugar factories, 2 BENEO Ethanol Starch and ethanol Fruit preparations / refineries, 1 wheat Freiberger activities AGRANA Fruit juice concentrates starch plant and 1 PortionPack Europe Betain plant in Austria, Belgium, Bosnia, the Czech Republic, France, 23 production sites 4 production sites in 5 production sites in 41 production sites Germany, Hungary, worldwide Belgium, France, Austria, Hungary and worldwide Moldova, Poland, Germany and Great Romania Romania, Slovakia Britain
* New segment structure as of fiscal year 2021/22.
July 2021 1. SÜDZUCKER GROUP 1.3 The range of Südzucker products Video
As a leading integrated group, we harness the power of plants to produce a wide range of products for many different areas of everyday life, including sugar. But Südzucker does much more in the areas of nutrition and energy, as well as packaging and cosmetics.
That is why our short film takes a look at a day in the life of Sarah. She guides us through the world of Südzucker and shows us the huge variety of products.
Watch the video on YouTube
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July 2021 1. SÜDZUCKER GROUP STRATEGY & GUIDING PRINCIPLES
July 2021 2. STRATEGY & GUIDING PRINCIPLES 2.1 Südzucker Group: Company profile
Südzucker is a multinational corporation whose sugar, special products, starch and fruit segments are key food industry players, while its CropEnergies segment is the leading ethanol producer in Europe.
— In the sugar segment, the group currently operates 23 factories and two refineries in Europe, producing sugar, sugar specialties and co-products such as animal feed.
— The special products segment conducts business in high-growth dynamic markets consisting of the functional food ingredients for food and animal feed (BENEO), as well as chilled/frozen products (Freiberger) and portion packs (PortionPack Europe) divisions.
— CropEnergies produces ethanol and animal food from renewable raw materials in Germany, Belgium, France and the UK.
— In the Starch segment, AGRANA produces top quality starch products in Austria and Eastern Europe and is among the leading suppliers in Europe.
— The fruit segment is the world market leader for fruit preparations and a leading supplier of fruit juice concentrates in Europe.
Our core competencies comprise our broad-based expertise in the large-scale conversion of different agricultural raw materials into high-quality products, especially into food for industrial customers and end users but also feed and other products for the food and non-food industries. In this process, the raw materials are to a large extent fully utilized and refined. Our marketing focuses on business-to-business clients.
July 2021 2. STRATEGY & GUIDING PRINCIPLES 2.2 The core of our Group Strategy
Südzucker Group, together with its employees, is expanding and strengthening its position as a leading integrated group of companies for developing, producing and supplying plant-based solutions – for nutrition, energy and more!
July 2021 2. STRATEGY & GUIDING PRINCIPLES 2.3 Our guiding principle
Our vision for the future, Group Strategy 2026 PLUS, builds on our strengths as a diversified group of companies and our employees’ expertise and experience.
Our new guiding principle forms the basis of our strategy and defines the framework for Südzucker Group's further development: We will be more innovative, more customer-focused, more sustainable and even more consistently geared toward profitable growth.
Purpose Mission Vision
Our Mission is to develop, Our Purpose is to contribute to to process and to deliver value Our Vision is to become the an enjoyable, healthy, and from plants for nutrition, leading integrated group for sustainable world based on energy & beyond – being the plant-based solutions – locally, the power of plants. partner of choice for farmers, regionally & globally. customers and consumers.
July 2021 2. STRATEGY & GUIDING PRINCIPLES 2.4 Our strategic directions Five key strategic directions of Group Strategy 2026 PLUS
July 2021 2. STRATEGY & GUIDING PRINCIPLES PEOPLE & FIGURES
July 2021 3. PEOPLE & FIGURES 3.1 Group figures Südzucker Group, fiscal year 2020/21 2020/21 2019/20 Revenues € million 6,679 6,671 EBITDA € million 597 478 Depreciation on fixed assets and intangible assets € million -361 -362 Operating result € million 236 116 Result from restructuring/special items € million -40 -19 Result from companies consolidated at equity € million -126 -49 Result from operations € million 70 48 EBITDA margin % 8.9 7.2 Operating margin % 3.5 1.7 Investments in fixed assets1) € million 285 335 Investments in financial assets/acquisitions € million 15 13 Total investments € million 300 348 Shares in companies consolidated at equity € million 165 313 Capital Employed € million 6,222 6,388 Return on Capital Employed % 3.8 1.8
1) Including intangible assets.
July 2021 3. PEOPLE & FIGURES 3.2 Segment figures, fiscal year 2020/21* Südzucker Group
Revenues % € million 2020/21 2019/20 33.7 Sugar segment 2,252 2,258 37.2 Special products segment 2,487 2,409 11.6 CropEnergies segment 774 819 17.5 Fruit segment 1,166 1,185
Group 6,679 6,671
Operating result € million 2020/21 2019/20 Sugar segment -121 -236 Special products segment 197 190 CropEnergies segment 107 104 Fruit segment 53 58
Group 236 116
* Segment structure fiscal year 2020/21.
July 2021 3. PEOPLE & FIGURES 3.3 Employees, fiscal year 2020/21* Südzucker Group
Total employees*: 17,876 Employees by region
Fruit Germany 5,154 Sugar 23.5 % 6,141
Non EU / other 35.1 %
CropEnergies 450
Other EU countries Special products 41.4 % 6,131
*Based on full-time equivalents as of 28 February 2021. Segment structure fiscal year 2020/21.
July 2021 3. PEOPLE & FIGURES 3.4 Executive board
Dr. Niels Pörksen Ingrid-Helen Arnold Dr. Thomas Kirchberg Thomas Kölbl Markus Mühleisen CEO CDO COO CFO CEO AGRANA Beteiligungs-AG
Consumer markets, Industrial Markets, Digitalization Research & Development
— Business Excellence — BENEO — CropEnergies — Controlling & Economics — Fruit — Change Management — Freiberger — Sugar (Südzucker) — Finance — Starch (AGRANA) — Data protection — PortionPack Europe — Agriculture — Investor Relations — Sugar (AGRANA) — Internal communication — Digitalization / IT — Human Resources — Legal — Public Relations & Affairs — New Business Develop- — Purchase / Investments — Internal Audit, ment — Real Estate / Insurance Compliance — Research, Development — Taxes — Strategy / Corporate & Services Development — Sustainability — Top Management
July 2021 3. PEOPLE & FIGURES 3.5 Supervisory board
— Chairman: Dr. Hans-Jörg Gebhard
— 2 Deputy chairmen: Franz-Josef Möllenberg and Erwin Hameseder
— 8 further shareholders' representatives
— 9 further employees' representatives
— Südzucker largely complies with the recommendations of the Government Commission “German Corporate Governance Code”
July 2021 3. PEOPLE & FIGURES SÜDZUCKER SHARE & CAPITAL MARKET
July 2021 4. SÜDZUCKER SHARE & CAPITAL MARKET 4.1 Südzucker share: Overview Fiscal year 2020/21 2020/21 2019/20 Market capitalization1) € million 2,661 2,873 Freefloat - market capitalization1) € million 790 903 Number of shares issued at €1) million shares 204.2 204.2 Xetra® closing price1) € 13.03 14.07 High of the year (Xetra®) € 17.54 16.95 Low of the year (Xetra®) € 10.77 11.24 Average trading volume/day2) thousand of shares 737 683 Cumulative trading turnover € million 2,457 2,420 SDAX® closing rate1) points 15,110 11,331 Performance Südzucker share (1 Mar. to 28 Feb.)3) % -6.2 11.1 Performance SDAX® (1 Mar. to 28 Feb.) % 33.4 4.9 Dividend4) €/share 0.20 0.20 Dividend yield % 1.5 1.4 Earnings per share € -0.52 -0.60
1) Balance sheet date. 2) Total daily trading volume on all German stock exchanges where the share is admitted for trading. 3) Südzucker total return index, considers share development and dividend distribution. 4) 2020/21: proposal.
July 2021 4. SÜDZUCKER SHARE & CAPITAL MARKET 4.2 Südzucker share: Share price movement, fiscal year 2020/21
16 July 2020 – Annual General Meeting: Dividend payment
Annual high: € 17.54 22 April 2020 – first outlook 2020/21*: 27 August 2020 € 300-400 million 8 October 2020 – Q2 statement: Outlook 2020/21 confirmed 14 May 2020 – analysts‘ conference: Outlook 2020/21 confirmed
14 December 2020 – reduced forecast 2020/21: € 190-240 million
14 January 2021 – Q3 statement: Outlook 2020/21 confirmed
9 July 2020 – Q1 statement: Outlook 2020/21 confirmed
17 June 2020: Q1 significantly above previous year 12 November 2020: Closing price: € 13.03 Annual low: € 10.77 Impairment ED&F Man 26 February 2021 13 March 2020
*The outlook relates to the expected consolidated group operating result during the respective fiscal year. The current share price movement can be found here: https://www.suedzucker.de/en/investor-relations/share
July 2021 4. SÜDZUCKER SHARE & CAPITAL MARKET 4.3 Shareholder structure
Südzucker AG Subscribed capital € 204.2 million
Sugar beet growers‘ associations
Verband Süddeutscher Zuckerrübenanbauer Free Float Regional associations: Baden-Württemberg, Bavaria, Franconia, Hesse- 29.7 % Palatinate, Kassel, Saxonia-Thuringia, Wetterau
60.0 % SZVG Süddeutsche Zuckerrübenverwertungs- Genossenschaft eG 10.3 %
Zucker Invest GmbH (Austrian shareholders)
Status at: 28 February 2021
July 2021 4. SÜDZUCKER SHARE & CAPITAL MARKET SUGAR SEGMENT
July 2021 5. SUGAR SEGMENT 5.1 Sugar segment: Overview
The sugar segment produces and markets sugar, specialty sugar products as well as co-products. To the sugar segment belongs:
— Sugar production sites and refineries of — Animal feed and other co-products — Südzucker AG (Germany) — Farming operations in Germany, Poland, Moldova — Südzucker Polska (Poland) and Chile — Südzucker Moldova (Moldova) — Bodengesundheitsdienst — Raffinerie Tirlemontoise (Belgium) — Distributors in Greece, the United Kingdom, Israel, Italy and Spain — Saint Louis Sucre (France) — AGRANA-Studen (Bosnia) — AGRANA (Austria, Romania, Slovakia, the Czech Republic, Hungary, Bosnia) — Beta Pura GmbH (Austria) — Südzucker wheat starch plant (Germany) — ED&F Man — Maxi S.r.l., an Italian marketing joint venture
July 2021 5. SUGAR SEGMENT 5.2 Sugar segment: Figures Fiscal year 2020/21* 2020/21 2019/20 Revenues € million 2,252 2,258 EBITDA € million 32 -75 Depreciation on fixed assets and intangible assets € million -153 -161 Operating result € million -121 -236 Result from restructuring/special items € million -30 -17 Result from companies consolidated at equity € million -145 -66 Result from operations € million -296 -319 EBITDA margin % 1.4 -3.3 Operating margin % -5.3 -10.4 Investments in fixed assets1) € million 122 103 Investments in financial assets/acquisitions € million 3 10 Total investments € million 125 113 Shares in companies consolidated at equity € million 109 252 Capital Employed € million 2,685 2,815 Return on Capital Employed % -4.5 -8.4
* Segment structure fiscal year 2020/21. 1) Including intangible assets.
July 2021 5. SUGAR SEGMENT 5.3 Sugar segment: Campaign 2020/21 Group figures
Sugar factories all over Europe Cultivated area
23 343,000 hectares Refineries 2
Total sugar production Beet processing / Sugar production (including raw sugar refining) 2020/21 3.7 3.7 million tonnes 24.1
2019/20 4.5 28.4 Beet processing
2018/19 4.7 29.3 24.1 million tonnes Sugar production (incl. raw sugar refinery) Beet processing
July 2021 5. SUGAR SEGMENT 5.4 Sites of the sugar factories / refineries Group; Campaign 2020/21
July 2021 5. SUGAR SEGMENT 5.5 Südzucker AG Facts & Figures
Founded 1926
Sugar factories in Germany 7
Processing capacity sugar beets >100.000 tonnes/day
Products: wide assortment of sugar types for households and for the processing industries
July 2021 5. SUGAR SEGMENT 5.5.1 Südzucker AG Assortment for households
— Fein Zucker — Gelier Zucker 1plus1 — Feinster Zucker — Gelier Zucker 2plus1 — Feinster Back Zucker — Gelier Zucker 3plus1 — Puder Zucker — Zucker Hut — Einmach Zucker — Puder Zucker Mühle — Kandissorten — Hagel Zucker — Zucker Sticks — Brauner Rohrzucker — Brauner Zucker — Sirup Zucker — Brauner Würfel Rohrzucker — Würfel Zucker — Bio Zucker (Rübenzucker) — Rohrzucker Sticks — Glücks Zucker — Bio Rohrzucker — Weisser Rohrzucker
July 2021 5. SUGAR SEGMENT 5.5.2 Südzucker AG Assortment for processing industries
Crystal Specialities — Organic Beet Sugar — Classic Fondant (partly organic — White Sugar (also organic) Liquid & sugar reduced) — Extra White Sugar — Liquid Sugar (also organic) — Glazing — White Sugar High-Grade — Invert Sugar Syrup (also organic) — Invert Sugar Paste — Icing Sugar (also organic) / — Glucose Syrup — Pearl Sugar Raftisnow® — Glucose-Fructose Syrup — Pharma Sugar / Excipients — Candy Sugar, Candy Powder — Blends — crystalline sucrose — Brown Sugar — Candy Syrup — Liquid Sugar — Brown Cane Sugar (also organic) — Caramels — COMPRI® — Bee Feed
July 2021 5. SUGAR SEGMENT 5.5.3 Südzucker AG Co-products
— Beet Molasses — Pressed Sugar Beet Pulp — Sugar Beet Pulp Pellets (SBPP) — Wheat Bran Pellets — Thick Juice
Südzucker Group companies also market other co-products from sugar, starch and ethanol production.
July 2021 5. SUGAR SEGMENT 5.5.4 Südzucker AG Wheat starch
At the wheat starch plant at the Zeitz site, Südzucker produces wheat starch products such as
— Glucose syrups — Bran — Gluten
for the food and chemical industry.
July 2021 5. SUGAR SEGMENT 5.6 Südzucker Polska
Südzucker Polska produces beet sugar at four factories in Cerekiew, Ropczyce, Strzelin and Świdnica.
The Cukier Królewski brand has been known on the Polish market for 20 years.
Its high quality has been recognized with awards from customers and also retail and industry specialists.
Cukier Królewski is proud of being the local brand and having a strong connection to the growers who supply their valuable raw material – the beets – to the factories.
July 2021 5. SUGAR SEGMENT 5.7 Südzucker Moldova
Südzucker Group established a foothold in Moldova in the mid-90s and now operates two sugar factories there*.
*Temporary production stop from 2020/21 at one plant.
July 2021 5. SUGAR SEGMENT 5.8 Raffinerie Tirlemontoise
Raffinerie Tirlemontoise was founded in 1836 in Tienen, Belgium, where 66 years later first hard cubes (“Harde Klontjes”) were invented.
In 1989 the company has been affiliated with Südzucker Group.
Until now, Raffinerie Tirlemontoise remains the market leader in Belgium.
July 2021 5. SUGAR SEGMENT 5.9 Saint Louis Sucre
Saint Louis Sucre in France operates two sugar factories, one with a packaging plant, a pulp dehydration facility, a liquid sugar facility and three storage centers.
July 2021 5. SUGAR SEGMENT 5.10 AGRANA
The sugar division (AGRANA) comprises sugar production in Austria, Romania, Slovakia, the Czech Republic and Hungary.
— AGRANA Sales & Marketing GmbH as central sales platform with local implementation and customer support.
— Wide range of products from conventional or organic farming for B2B, B2C (e.g., “Wiener Zucker”, “Koronas Cukor”, ...) and gastronomy.
Joint venture Beta Pura GmbH:
— Production of crystalline betaine for the food, feed and cosmetics sectors.
July 2021 5. SUGAR SEGMENT 5.11 ED&F Man Holdings Ltd.
Stake of Südzucker in British commodities trading company ED&F Man: 34.37 %
Sugar — About ED&F Man — Founded 1783 — 5,500 employees in 50 countries Coffee — Worldwide presence / international orientation Special Crops — Operations — Sugar trading and participation in sugar production companies — Trade in coffee, liquid animal feed and pulses Liquid Products — Financial services
Brokerage
July 2021 5. SUGAR SEGMENT 5.12 Farms
Since Südzucker was founded, the company has had its own farms in Germany, and later also in Poland, Moldova and Chile, in the vicinity of the processing locations:
— Cultivation of wheat, sugar beet, maize, chicory, rapeseed, soybean and other
— Partly organic farming of the areas (e.g., organic sugar beets) and organic turkey production
— Steady enhancement of modern farming methods and transfer of knowledge into practice
— Kirschgartshausen experimental farm: further development of sugar beet cultivation methods, biodiversity
July 2021 5. SUGAR SEGMENT 5.13 Bodengesundheitsdienst
BGD Bodengesundheitsdienst GmbH
— Soil testing in compliance with the fertilizer ordinance — Fertilization advice — Comparison of plant nutrients — Virus and bacteria analyses — Animal feed testing — Organic fertilizer testing
July 2021 5. SUGAR SEGMENT SPECIAL PRODUCTS SEGMENT
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.1 Special products segment: Overview*
— Specialty ingredients on a natural basis for food, feed and pharmaceuticals
— 5 production sites worldwide
— Deep-frozen and chilled pizza, as well as deep-frozen pasta dishes and snacks; sauces and dressings
— 11 production sites worldwide (6 in Europe, 5 in the USA)
— Production and distribution of portion packs for out-of-home use
— 7 production sites worldwide
* New segment structure as of fiscal year 2021/22.
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.2 Special products segment: Figures Fiscal year 2020/21* 2020/21 2019/20 Revenues € million 2,487 2,409 EBITDA € million 323 306 Depreciation on fixed assets and intangible assets € million -126 -116 Operating result € million 197 190 Result from restructuring/special items € million 1 0 Result from companies consolidated at equity € million 19 17 Result from operations € million 217 207 EBITDA margin % 13.0 12.7 Operating margin % 7.9 7.9 Investments in fixed assets1) € million 110 150 Investments in financial assets/acquisitions € million 11 2 Total investments € million 121 152 Shares in companies consolidated at equity € million 53 58 Capital Employed € million 2,242 2,267 Return on Capital Employed % 8.8 8.4
* Segment structure fiscal year 2020/21. 1) Including intangible assets.
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.3 BENEO – Connecting Nutrition & Health A contribution to better nutrition
— Made from raw materials, BENEO produces and markets specialty ingredients with nutritional benefits.
— Main market segments: food, feed
— Additionally, BENEO actively supports its customers in the areas nutritional science and application technology to support the successful development of innovative ingredients.
— Sales offices in the United States, Asia, South America and Europe as well as a coordinated sales team in more than 70 countries for worldwide tailor-made customer support and a strong market position
— 5 production sites in Belgium, Chile, Germany and Italy
— About 1,000 employees
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.3.1 BENEO Product portfolio and benefits
Natural fibres: Functional carbohydrates: Rice starches, flours, Wheat gluten and Products Inulin and Oligofructose Isomalt and Palatinose™ proteins proteins
Chicory root Sugar beet Rice Wheat
Natural Sources
— Digestive health — Toothfriendly — Clean Label — Fibre enrichment — Weight management — Lactose-, gluten-free — Vegetable protein — Better calcium absorption — Sugar-/calorie reduction — Texture optimization — Quality improvement Benefits — Weight management — Optimized sweetness and — Optimized viscosity — Texture optimization and — Fat and sugar improved stability — Dairy and meat stability replacement — Blood sugar management substitution — Neutral taste profile — Improved texture — Optimized energy — Hypoallergenic
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.3.2 BENEO Application focus
Beverages Dairy products Baby food
Cereals
Meat substitute Bakery
Confectionery Soups und sauces BENEO – Ingredients for high standards: — Tasteful recipes with an optimized nutritional profile — Applications that go hand in hand with worldwide dietary trends
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.3.3 BENEO Science as basis for customer success
— With expert services from R&D as well as the areas regulatory affairs and market intelligence, BENEO supports successful product launches and marketing of BENEO‘s customers.
— Focus in research are the topics nutritional science and application technology that are of central interest for the food industry.
— Based on the research results, BENEO was able to reach several positive evaluations by the European Food Safety Authority (EFSA).
— The BENEO Institute focuses on: — Weight management — Gut health — Dental health — Bone health — Physical performance — Controlling blood sugar
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.4 Freiberger
— One of the three largest manufacturers of frozen and chilled pizza worldwide
— Products: deep-frozen and chilled pizza as well as deep-frozen pasta dishes and snacks; sauces and dressings; products for in-store bakeries
— Production sites: Berlin, Muggensturm, Osterweddingen, Burg, Oberhofen/Austria, Westhoughton/Great Britain and another 5 in the USA (in Wisconsin, Ohio, Illinois and Iowa)
— 21 production lines in Europe, 12 in the USA; daily output of up to 4.5 million products
— Specialist for private labels, supplier of many leading food retailers in Europe and North America
— Further target markets: South Africa, Korea
— Brands: Alberto, al Forno, Stateside
— Innovations 2021/22: Brand cooperation with SUNTAT (Ethical Food): Suntats Pizza; Innovation "Pinsa”
July 2021 6. SPECIAL PRODUCTS SEGMENT 6.5 PortionPack Europe
— Printing, packing and distribution of portion packed products
— Product range: — Food (sugar portions, toppings, pastries, snacks, sweets, etc.) — Non-food (shower gel, shampoo, refreshing towels, etc.)
— European market leader
— Major market: Gastronomy/large-scale consumer (hotels, catering, restaurants and canteens)
— 9 affiliates in 7 countries: Belgium, Czech Republic, Germany, Great Britain, Netherlands, South Africa and Spain
July 2021 6. SPECIAL PRODUCTS SEGMENT CROPENERGIES SEGMENT
July 2021 7. CROPENERGIES SEGMENT 7.1 CropEnergies segment: Overview Sites
— The CropEnergies Group produces sustainable products from biomass
— The CropEnergies Group includes: — CropEnergies Bioethanol GmbH, Zeitz/Germany — BioWanze SA, Wanze/Belgium Ethanol production 2020/21 — Ryssen Alcools SAS, Loon-Plage/France — Ensus UK Ltd., Wilton/Great Britain 987 thousand m3 — CT Biocarbonic, Zeitz/Germany (joint venture)
Production of dried food and animal feed 2020/21 — 4 production sites in Belgium, France, Germany and Great Britain with an annual production capacity of about 1.3 million m³ ethanol 604 thousand tonnes
July 2021 7. CROPENERGIES SEGMENT 7.2 CropEnergies segment: Figures
2020/21 2019/20 Revenues € million 774 819 EBITDA € million 148 146 Depreciation on fixed assets and intangible assets € million -41 -42 Operating result € million 107 104 Result from restructuring/special items € million 1 0 Result from companies consolidated at equity € million 0 0 Result from operations € million 108 104 EBITDA margin % 19.2 17.8 Operating margin % 13.8 12.7 Investments in fixed assets1) € million 29 30 Investments in financial assets/acquisitions € million 0 0 Total investments € million 29 30 Shares in companies consolidated at equity € million 3 2 Capital Employed € million 465 450 Return on Capital Employed % 23.0 23.1
1) Including intangible assets.
July 2021 7. CROPENERGIES SEGMENT 7.3 CropEnergies Bioethanol GmbH
— One of Europe's biggest ethanol plants; annual capacity: — about 400,000 m³ ethanol, 60,000 m³ can be refined to neutral alcohol — more than 300,000 tonnes ProtiGrain® (protein animal feed)
— 100,000 tonnes liquefied CO2
— Renewable ethanol: mainly as additive to petrol in the form of E5 and E10 — High quality neutral alcohol e.g., for beverage, cosmetics and pharmaceutical industries — ProtiGrain®: high protein animal feed distributed all over Europe
— Purification and liquefaction of CO2 from fermentation, among others for the food sector — Flexibility in processing raw materials (cereals and sugar syrup)
July 2021 7. CROPENERGIES SEGMENT 7.4 BioWanze SA
— Since December 2008 BioWanze operates a plant in Wanze, Belgium producing ethanol, gluten and ProtiWanze® (liquid protein animal feed)
— Innovative production process: on average about 70 % CO2 will be saved through the use of biomass as primary energy source instead of fossil fuel
— Raw materials: wheat and sugar syrup
— Annual capacity: — 300,000 m3 ethanol — more than 400,000 tonnes ProtiWanze® — up to 60,000 tonnes gluten
July 2021 7. CROPENERGIES SEGMENT 7.5 Ryssen Alcools SAS
— Production site in Loon-Plage, France
— Part of the CropEnergies Group since June 2008
— Annual capacity: — more than 100,000 m³ ethanol for fuel applications — up to 90,000 m³ ethanol for traditional and technical applications
— Ryssen Alcools SAS specializes in flexible customer fulfilment in view of product specifications and delivery quantity
— Customers: fuel industry, beverage, cosmetic, pharmaceutical and chemical industries
July 2021 7. CROPENERGIES SEGMENT 7.6 Ensus UK Ltd.
— One of the largest ethanol plants in Europe in Wilton, Great Britain
— Since July 2013 member of CropEnergies Group
— Production of ethanol and high-quality protein animal feed (DDGS)
— Annual capacity: — 400,000 m3 ethanol — 350,000 tonnes DDGS
— Delivers carbon dioxide to a liquefaction plant which processes it for use in the food and beverage industry; annual capacity: 250,000 tonnes liquefied biogenic CO2
July 2021 7. CROPENERGIES SEGMENT 7.7 CT Biocarbonic
— Joint venture to liquefy the CO2 generated at the ethanol facility in Zeitz — Partner: SOL Gruppe
— Largest biogenic CO2 liquefaction plant in Germany
— CO2 marketed for use in the beverage industry, in the food industry as a cooling and freezing agent and to produce dry ice used for cleaning
— Production capacity: 100,000 tonnes of liquefied CO2/annum — Startup: end of 2010
— Shares the existing ethanol plant's infrastructure, such as water/wastewater, energy, CO2
July 2021 7. CROPENERGIES SEGMENT STARCH SEGMENT
July 2021 8. STARCH SEGMENT 8.1 Starch segment: Overview New segment as of fiscal year 2021/22
— 4 production sites in Austria and Romania, one 50% joint venture in Hungary — Raw materials: potatoes, maize and wheat — Starch and special starch products for the — Food and semi-luxury food industries — Baby food industries — Paper and paper converting industries — Textile industry — Construction chemicals industry — Pharmaceutical and cosmetic industries
— Important supplier of environmentally friendly ethanol — One of the leading suppliers for business-to-business solutions in the organic sector — Provider of products from special maize e.g., wax maize and GMO-free maize — Next to ethanol, additional production of isoglucose in Hungary
July 2021 8. STARCH SEGMENT FRUIT SEGMENT
July 2021 9. FRUIT SEGMENT 9.1 Fruit segment: Overview
— Segment with a global reach and 41 production facilities
— Global market leader in fruit preparations (AGRANA Fruit)
— Most significant producer of fruit juice concentrates in Europe (AUSTRIA JUICE)
— Refining agricultural raw materials to high-value intermediate products for the food industry, above all for the drinks, dairy, pastries and ice cream industry
— Market presence on all five continents
July 2021 9. FRUIT SEGMENT 9.2 Fruit segment: Figures Fiscal year 2020/21 2020/21 2019/20 Revenues € million 1,166 1,185 EBITDA € million 94 101 Depreciation on fixed assets and intangible assets € million -41 -43 Operating result € million 53 58 Result from restructuring/special items € million -12 -2 Result from companies consolidated at equity € million 0 0 Result from operations € million 41 56 EBITDA margin % 8.1 8.5 Operating margin % 4.5 4.9 Investments in fixed assets1) € million 24 52 Investments in financial assets/acquisitions € million 1 1 Total investments € million 25 53 Shares in companies consolidated at equity € million 0 0 Capital Employed € million 829 855 Return on Capital Employed % 6.4 6.8
1) Including intangible assets.
July 2021 9. FRUIT SEGMENT 9.3 Fruit preparations AGRANA Fruit
— Global market leader in fruit preparations
— 26 production sites worldwide
— Bundling all business activities into AGRANA Fruit S.A.S., Mitry-Mory, France
— Production plants next door to industrial customers to ensure freshness and high quality
— Research center for fruit preparations in Tulln, Austria and 17 “New Product Development Centers” worldwide
— R&D works closely with customers when designing and producing fruit preparations (especially international corporations in the dairy, ice cream and baked goods industries)
July 2021 9. FRUIT SEGMENT 9.4 Fruit juice concentrates AUSTRIA JUICE
— Production and marketing of high-value apple juice and berry juice concentrates, flavours, fruit wine, direct juices, purees and beverage bases
— 15 production locations worldwide
— Bundling all business activities into AUSTRIA JUICE GmbH, headquartered in Kröllendorf, Austria
July 2021 9. FRUIT SEGMENT RESEARCH & DEVELOPMENT
July 2021 10. RESEARCH & DEVELOPMENT 10. Research & development Main focus
— Development of new products and product variants
— Application technology in the food and non-food areas
— Optimization of the production processes
— Testing new process technologies
— Support for sales and production activities
July 2021 10. RESEARCH & DEVELOPMENT 10. Research & development Facts & Figures
— Assignments: — Sugar technology and sugar specialities — functional food ingredients (Isomalt, Palatinose™, rice derivatives, inulin, oligofructose, proteins, fibres) — pharmaceutical additives — starch and starch derivatives — fruit preparations — fruit juice concentrates — renewable ethanol — Fibres — bio-based chemicals — biodegradable plastics — Expenditure for R&D in 2020/21: € 48.2 million — 468 employees worldwide
July 2021 10. RESEARCH & DEVELOPMENT SUSTAINABILITY
July 2021 11. SUSTAINABILITY 11. Sustainability Rooted in our corporate culture
Sustainability is an integral part of the corporate strategy
— Building on the strategic direction "Committed to sustainable business" from Group Strategy 2026 PLUS, a strategy process for sustainability was initiated
— Establishment of a new organization for the Group-wide management and implementation of sustainability activities
— Sustainability roadmap with objectives as well as measures and initiatives for more sustainable action in the Südzucker Group; the focus is on climate protection, biodiversity, purchasing, logistics and diversity, among others
— More communication and transparency according to the motto:
July 2021 11. SUSTAINABILITY SÜDZUCKER HISTORY
July 2021 12. SÜDZUCKER HISTORY 12. Südzucker history More than 175 years of tradition (I)
1837 Formation of the first sugar company of the later Südzucker
1926 1st merger: Süddeutsche Zucker-Aktiengesellschaft, Mannheim 1951 Formation of Zuckerfabrik Franken GmbH, Germany 1988 2nd merger: Südzucker Aktiengesellschaft Mannheim/Ochsenfurt 1989 Investment in AGRANA Beteiligungs-AG, Vienna, Austria 1989 Investment in Raffinerie Tirlemontoise S.A., Brussels, Belgium 1991 Formation of Südzucker GmbH, Zeitz, Germany 1995 Formation of Schöller Holding GmbH & Co. KG, Nuremberg, Germany 1996 Acquisition of majority interest in Freiberger, Berlin, Germany 1996 Beginning investments in sugar division in Poland 1998 Acquisition of outstanding minority interests in Freiberger
July 2021 12. SÜDZUCKER HISTORY 12. Südzucker history More than 175 years of tradition (II)
2001 Acquisition of Saint Louis Sucre S.A., Paris, France / Sale of Schöller Holding 2003 Acquisition of 14 Silesian sugar factories 2003 Establishment of fruit division by AGRANA 2004 Worldwide expansion of fruit division 2005 Start of ethanol production in Zeitz, Germany 2006 BENEO-Orafti factory in Chile starts production 2006 IPO for the Südzucker subsidiary CropEnergies (ethanol) and European-wide expansion of the ethanol division 2006 First joint venture with a leading apple juice concentrate producer in China 2007 Fruit preparations factory in Brazil starts production 2007 BENEO Group founded: Orafti, Palatinit and Remy functional food activities merged 2008 Ethanol plant in Wanze, Belgium with an annual capacity of 300,000 m³ starts production 2008 Ethanol plant in Pischelsdorf, Austria with an annual capacity of 240,000 m³ starts production 2009 Freiberger takes over the pizza production site in Osterweddingen, Germany 2010 New pizza factory starts up in Westhoughton, Great Britain
July 2021 12. SÜDZUCKER HISTORY 12. Südzucker history More than 175 years of tradition (III)
2010 CO2 production facility starts up in Zeitz, Germany (joint venture) 2012 Investment in ED&F Man, a British commodities trading company 2012 Joint venture AUSTRIA JUICE GmbH 2012 CropEnergies builds a facility at the Zeitz site which will produce high-end food-grade rectified spirit 2013 CropEnergies acquires UK ethanol producer Ensus 2013 AGRANA opens wheat starch plant at site in Pischelsdorf, Austria 2014 Südzucker and Austrian shareholders increase participation in AGRANA Beteiligungs-AG 2014 AGRANA starts up fruit preparations plant in Lysander, New York, USA 2014 Introduction of new logo 2015 Change of the company's name to Südzucker AG 2015 Completion of renovation and new construction of headquarters in Mannheim, Germany 2016 Wheat starch factory in Zeitz starts operations 2016 Südzucker raises stake in ED&F Man to 35 % minus one share 2016 AGRANA acquires Argentinian fruit preparations producer MAIN PROCESS S.A.
July 2021 12. SÜDZUCKER HISTORY 12. Südzucker history More than 175 years of tradition (IV)
2017 Freiberger acquires German frozen pizza producer HASA GmbH 2017 AGRANA acquires fruit processing plant in India 2017 Freiberger acquires U.S. frozen and deli pizza producer Richelieu Foods 2018 AGRANA acquires stake in Algerian fruit preparations producer Elafruits SPA 2018 PortionPack acquires British single portion items producer CustomPack Ltd. 2018 AGRANA signs joint venture agreement with US sugar producer The Amalgamated Sugar Company 2019 AGRANA opens new fruit preparations plant in Changzhou, China 2019 BENEO opens production plant for vegetal protein in Wanze, Belgium 2019 AGRANA: ground-breaking ceremony for betaine plant at Tulln, Austria 2019 AGRANA opens second wheat starch plant in Pischelsdorf, Austria 2020 PortionPack Europe: Single Source and Custom Pack becomes Portion Solutions 2020 AGRANA starts production of crystalline betaine in Tulln, Austria 2020 Südzucker launches strategy project 2026 PLUS 2021 New Südzucker segment structure, new starch segment
July 2021 12. SÜDZUCKER HISTORY SUGAR MARKET
July 2021 13. SUGAR MARKET 13.1 Sugar Market - Germany & World Germany 2020/21 2019/20 Sugar factories 18 20 Beet growers 23,638 25,832 Area under beet cultivation hectares 350,743 372,287 Sugar production million tonnes 4.1 4.24 Domestic sugar sales million tonnes 2.8* 2.84** Source: WVZ. *2019/20; **2018/19
World sugar production World sugar balance 160000 200000 140000 120000 150000 100000 80000 100000
60000 in 1 t 000 raw value 40000 in 1 t 000 raw value 50000 20000 0 0 2018/19 2019/20 2020/21 2018/19 2019/20 2020/21* Cane sugar Beet sugar Consumption Closing stocks
Source: F.O. Licht (*preliminary)
July 2021 13. SUGAR MARKET 13.2 German sugar sales
Confectionery Spreads, canned fruits 19.1 % and vegetables 5.1 %
Baked goods Soft drinks, fruit juices, Processing sugar fruit wine 14.1 % 85.7 % 16.6 %
Household sugar Ice cream, Other Industrial sales milk products 14.3 % (non-food) 16.8 % 6.8 % 7.2 %
Source: BLE, Data 2019/20
July 2021 13. SUGAR MARKET
SUGAR PRODUCTION Przemyslaw Koch Przemyslaw
July 2021 14. SUGAR PRODUCTION 14. Sugar production Scheme of operation of a beet sugar factory
July 2021 14. SUGAR PRODUCTION Links
SÜDZUCKER GROUP SPECIAL PRODUCTS SEGMENT suedzucker.de suedzucker.com beneo.com facebook.com/suedzuckerkarriere linkedin.com/company/suedzucker freiberger-pizza.com SUGAR SEGMENT
mein-suedzucker.de portionpackeurope.com instagram.com/suedzucker_momente bienenfutter.eu CROPENERGIES SEGMENT suedzucker.pl cukier-krolewski.pl cropenergies.com suedzucker.md biowanze.be edfman.com ryssen.com ensus.co.uk raffinerietirlemontoise.com tiensesuiker.com STARCH SEGMENT sweet-moments.be agrana.com saintlouis-sucre.com FRUIT SEGMENT
agrana.com agrana.com wiener-zucker.at austriajuice.com
bodengesundheitsdienst.de INITIATIVES
bisz.suedzucker.de schmecktrichtig.de
July 2021 Südzucker AG Corporate Public Relations & Affairs Maximilianstraße 10 68165 Mannheim
Telephone: +49 621 421-0 E-mail: [email protected] www.suedzucker.de
Photo credits: Südzucker Group; Dennis Möbus/Südzucker AG; Eva Mutzeck/Südzucker AG; Alexander Seeboth/Südzucker AG; Corina Trummer/Südzucker AG; SMBC Eferding/AGRANA; Georg Wilke/AGRANA; Martin Jehnichen/CropEnergies; iStock.com/alicjane; iStock.com/Evorona; iStock.com/metamorworks; iStock.com/Nastco; iStock.com/NatashaBreen; iStock.com/nerudol; iStock.com/NisenN; iStock.com/Anna Shepulova; iStock.com/SMarina; iStock.com/Pixtural; Denizo71/Shutterstock.com; hxdbzxy/Shutterstock.com; lisa870/stock.adobe.com; Sergey Nivens/ stock.adobe.com
July 2021