Annual Report Südzucker AG 2008/09 – Overview of 2008/09 – Key figures ➥ Annual Report Südzucker 2008/09 AG Financial calendar 1st quarter report 2009/10 15 July 2009 Annual general meeting for 2008/09 21 July 2009 2nd quarter report 2009/10 15 October 2009 3rd quarter report 2009/10 14 January 2010 Press and analysts’ conference for 2009/10 27 May 2010 1st quarter report 2010/11 14 July 2010 Annual general meeting for 2009/10 20 July 2010 The annual report is also available in German. This translation is provided for convenience only and should not be relied upon exclusively. The German ver- sion of the annual report is definitive and takes precedence over this transla- tion. The annual report (in German and English) and the Südzucker AG financial statements can be downloaded from our homepage at www.suedzucker.de/ en/Investor-Relations/Publikationen/Berichte/Berichte-2008-09/ The numbers in brackets in the report represent the corresponding prior year’s figures or items. Annual Report Südzucker AG 2008/09 – Overview of 2008/09 – Key figures ➥ Annual Report Südzucker 2008/09 AG Financial calendar 1st quarter report 2009/10 15 July 2009 Annual general meeting for 2008/09 21 July 2009 2nd quarter report 2009/10 15 October 2009 3rd quarter report 2009/10 14 January 2010 Press and analysts’ conference for 2009/10 27 May 2010 1st quarter report 2010/11 14 July 2010 Annual general meeting for 2009/10 20 July 2010 The annual report is also available in German. This translation is provided for convenience only and should not be relied upon exclusively. The German ver- sion of the annual report is definitive and takes precedence over this transla- tion. The annual report (in German and English) and the Südzucker AG financial statements can be downloaded from our homepage at www.suedzucker.de/ en/Investor-Relations/Publikationen/Berichte/Berichte-2008-09/ The numbers in brackets in the report represent the corresponding prior year’s figures or items. Overview of 2008/09 Key figures • Group revenues up 2 % to € 5.9 (5.8) billion 2008/09 2007/08 2006/07 2005/06 2004/05 Contacts Investor Relations • Group operating profit rises 11 % to € 258 (233) million driven Revenues and earnings Nikolai Baltruschat Revenues € million 5,871 5,780 5,765 5,347 4,872 by substantially higher profits in the sugar segment. [email protected] EBITDA € million 489 489 682 669 724 Phone: +49 621 421-240 as % of revenues % 8.3 8.5 11.8 12.5 14.9 Fax: +49 621 421-463 • Sugar segment generates higher profits thanks to reduced Operating profit € million 258 233 419 450 523 charges from the restructuring phase of the EU sugar market as % of revenues % 4.4 4.0 7.3 8.4 10.7 Financial press Net earnings (loss) for the year € million 183 100 –246 305 358 regulation. Rainer Düll • Revenues: -4 % to € 3,320 (3,464) million [email protected] Cash flow and investments • Operating profit: € 137 (60) million Phone: +49 621 421-409 Cash flow € million 504 498 554 527 550 Fax: +49 621 421-425 Investments in fixed assets1 € million 384 497 537 426 500 • Special products segment growth remains strong, business unit Investments in financial assets € million 40 53 62 216 590 Südzucker Group on the Internet reaches prior year‘s profit level despite substantial commodity Total investments € million 424 550 599 642 1,090 For more information about Südzucker Group please go to our price fluctuations. website: www.suedzucker.de • Revenues: +11 % to € 1,427 (1,283) million Performance Fixed assets1 € million 2,626 2,596 2,574 2,368 2,094 • Operating profit: € 108 (107) million Goodwill € million 1,124 1,104 1,109 1,746 1,671 Published Working capital € million 1,337 1,431 965 1,107 882 Südzucker Aktiengesellschaft • CropEnergies segment again generates significantly higher Capital employed € million 4,923 5,005 4,767 5,221 4,646 Mannheim/Ochsenfurt revenues. Profit decline driven by higher cost of raw materials ROCE % 5.2 4.7 8.8 8.6 11.3 Maximilianstraße 10 mitigated by volume growth and cost advantages. 68165 Mannheim • Revenues: +78 % to € 319 (180) million Capital structure Phone: +49 621 421-0 Shareholders‘ equity € million 3,229 3,299 3,362 3,733 2,738 • Operating profit: € 18 (22) million Equity ratio % 41.9 41.7 42.4 47.1 38.1 Asset cover % 127.0 125.1 144.9 135.7 119.2 • Fruit segment revenues decline. Profit significantly impacted Net financial debt € million 1,632 1,508 811 1,177 1,672 by fruit juice concentrates inventory write-down in the second quarter. Earnings (loss) per share € 0.86 0.10 –1.72 1.36 1.67 2 • Revenues: -6 % to € 805 (853) million Dividend per share € 0.40 0.40 0.55 0.55 0.55 Sugar creations: Gerhard Heindel, Leimen • Operating profit: € -5 (44) million Photographs: Uwe Doerner, Heidelberg; Matthias Müller, Mannheim Employees 17,939 18,642 19,575 19,903 17,494 Employees sugar segment 8,598 10,043 10,885 11,678 12,001 Layout and design: trio-group, Mannheim Sugar production 1,000 t 4,210 4,579 4,602 5,210 5,132 Print and processing: Color Druck, Leimen Sugar factories 30 39 40 43 44 1 Including intangible assets/additional quotas. © 2009 Outlook for 2009/10 2 Proposed. By segments • End of the restructuring phase in the EU sugar market and the Investments in elimination of the charges associated with market regulation Group revenues: Group operating profit: fixed assets1: reform. € 5,871.3 million € 257.7 million € 384.3 million • Global financial and economic crisis hampers forecasting. Sugar 57 % € 137.1 million 32 % • Group revenues expected on previous year‘s level. Special products 24 % € 107.9 million 16 % • Operating profit of around € 400 million expected. CropEnergies 5 % € 18.2 million 44 % Fruit 14 % € –5.5 million 8 % Overview of 2008/09 Key figures • Group revenues up 2 % to € 5.9 (5.8) billion 2008/09 2007/08 2006/07 2005/06 2004/05 Contacts Investor Relations • Group operating profit rises 11 % to € 258 (233) million driven Revenues and earnings Nikolai Baltruschat Revenues € million 5,871 5,780 5,765 5,347 4,872 by substantially higher profits in the sugar segment. [email protected] EBITDA € million 489 489 682 669 724 Phone: +49 621 421-240 as % of revenues % 8.3 8.5 11.8 12.5 14.9 Fax: +49 621 421-463 • Sugar segment generates higher profits thanks to reduced Operating profit € million 258 233 419 450 523 charges from the restructuring phase of the EU sugar market as % of revenues % 4.4 4.0 7.3 8.4 10.7 Financial press Net earnings (loss) for the year € million 183 100 –246 305 358 regulation. Rainer Düll • Revenues: -4 % to € 3,320 (3,464) million [email protected] Cash flow and investments • Operating profit: € 137 (60) million Phone: +49 621 421-409 Cash flow € million 504 498 554 527 550 Fax: +49 621 421-425 Investments in fixed assets1 € million 384 497 537 426 500 • Special products segment growth remains strong, business unit Investments in financial assets € million 40 53 62 216 590 Südzucker Group on the Internet reaches prior year‘s profit level despite substantial commodity Total investments € million 424 550 599 642 1,090 For more information about Südzucker Group please go to our price fluctuations. website: www.suedzucker.de • Revenues: +11 % to € 1,427 (1,283) million Performance Fixed assets1 € million 2,626 2,596 2,574 2,368 2,094 • Operating profit: € 108 (107) million Goodwill € million 1,124 1,104 1,109 1,746 1,671 Published Working capital € million 1,337 1,431 965 1,107 882 Südzucker Aktiengesellschaft • CropEnergies segment again generates significantly higher Capital employed € million 4,923 5,005 4,767 5,221 4,646 Mannheim/Ochsenfurt revenues. Profit decline driven by higher cost of raw materials ROCE % 5.2 4.7 8.8 8.6 11.3 Maximilianstraße 10 mitigated by volume growth and cost advantages. 68165 Mannheim • Revenues: +78 % to € 319 (180) million Capital structure Phone: +49 621 421-0 Shareholders‘ equity € million 3,229 3,299 3,362 3,733 2,738 • Operating profit: € 18 (22) million Equity ratio % 41.9 41.7 42.4 47.1 38.1 Asset cover % 127.0 125.1 144.9 135.7 119.2 • Fruit segment revenues decline. Profit significantly impacted Net financial debt € million 1,632 1,508 811 1,177 1,672 by fruit juice concentrates inventory write-down in the second quarter. Earnings (loss) per share € 0.86 0.10 –1.72 1.36 1.67 2 • Revenues: -6 % to € 805 (853) million Dividend per share € 0.40 0.40 0.55 0.55 0.55 Sugar creations: Gerhard Heindel, Leimen • Operating profit: € -5 (44) million Photographs: Uwe Doerner, Heidelberg; Matthias Müller, Mannheim Employees 17,939 18,642 19,575 19,903 17,494 Employees sugar segment 8,598 10,043 10,885 11,678 12,001 Layout and design: trio-group, Mannheim Sugar production 1,000 t 4,210 4,579 4,602 5,210 5,132 Print and processing: Color Druck, Leimen Sugar factories 30 39 40 43 44 1 Including intangible assets/additional quotas. © 2009 Outlook for 2009/10 2 Proposed. By segments • End of the restructuring phase in the EU sugar market and the Investments in elimination of the charges associated with market regulation Group revenues: Group operating profit: fixed assets1: reform.