Südzucker Group 4 th Wertpapierforum. Nikolai Baltruschat (Head of Investor Relations) Tauberbischofsheim, March 21, 2012

Transcription

1 Südzucker Group 4 th Wertpapierforum Nikolai Baltruschat (Head of Investor Relations) Tauberbischofsheim, March 21, 2012

2 Südzucker Group at a glance* Global operating German food group Production facilities: ~ 100 Employees: Beneficiary of mega trends within food, animal feed and energy area Revenues: 6.2 bn (70 % generated outside Germany) Operating profit: 519 mn Stock exchange listing in Germany Market capitalisation ~ 4 bn Free float 34% MDAX-member Trading volume: ~ 1 mn shares/day CropEnergies (7%) Revenues 6.2 bn Sugar (53%) Special products (26%) Fruit (14%) *basis FY 2010/11

3 Südzucker products share your everyday life Grocery / Ingredients Other appliances

4 Strong market position in all business areas Functional Food # 1 globally for Isomalt and Oligofructose Sugar # 1 in Europe Special starches and Isoglucose One of the leading producers in Europe Portion packs # 1 in Europe Frozen pizza # 1 in Europe (private label) Fruit preparations Fruit juice concentrates # 1 worldwide # 1 in Europe Bioethanol One of the leading producers in Europe

5 Megatrends confirm longterm Südzucker strategy population growth worldwide per capita income in in USD Source: United Nations population worldwide Source: ERS International Macroeconomic Data Set emerging markets worldwide 100 oil consumption / crude oil price global animal feed production barrel / day USD / barrel in mn t Source: BP oil consumption (worldwide) crude oil price Source: USDA animal feed production

6 Segment Sugar* Revenues: 3.3 bn Operating profit: 282 mn *FY 2010/11

7 Segment Sugar* Beet growers: 43,000 Beet acreage: 412,000 ha Production in highest beet-yield areas of Europe: Sugar facilities: 32 (incl. refineries) Beet processing: 31.0 mn t Sugar production: 5.3 mn t European sales and logistic structures Since 2010 first imports from Mauritius Market share EU 24 % *sugar marketing year 2011/12 (preliminary)

8 Segment Special Products* Revenues: 1.6 bn Operating profit: 144 mn *FY 2010/11

9 Segment Special Products: BENEO* Functional Food ingredients from natural raw materials (chicory root, beet sugar, rice) Revenues: ~ 380 mn 5 facilities in Belgium, Chile, Germany, Italy Numerous food-physiological benefits like: Sugar-, fat- and calory-reduction Dietary fibre enrichment, prebiotic Prolonged energy Lactose- and gluten free *FY 2010/11

10 Segment Special Products: Freiberger* Production of 2.5 mn packages daily Frozen / chilled pizza Frozen pasta Frozen baguettes Revenues: ~ 500 mn 5 production sites in Germany, Austria, Great Britain Private labels for nearly all leading food retailers in Europe *FY 2010/11

11 Segment Special Products: PortionPack Europe* Design, production and marketing of portion packs Food (sugar, spreads, bakery products, confectionery etc.) Nonfood (shower gel, shampoo, refreshing tissues etc.) Revenues: ~ 140 mn Major markets Gastronomy / large consumers (hotels, caterers, restaurants, cafeterias, airlines) Industry Retailers Advertising material & promotion *FY 2010/11

12 Segment Special Products: Starch* Production of starch and specialty starch products for Food industry Paper- and paper processing industry Textile industry Construction industry Pharma- and cosmetics industry Focus on specialty and niche markets Bioethanol activities in Austria and Hungary Revenues: ~ 600 mn *FY 2010/11

13 Segment CropEnergies* Revenues: 437 mn Operating profit: 46 mn *FY 2010/11

14 Segment CropEnergies A leading EU bioethanol producer Growth market Renewable Energies Bioethanol: the storable alternative to petrol reduces greenhouse gas emissions within road traffic reduces dependence from finit oil imports usage of existing infrastructure strengthens domestic purchasing power Flexible raw material basis: (Food-) cereals and sugar syrups from European production Refining of all ingredients: Carbohydrates into bioethanol Proteins into food and animal feed Carbondioxide for mineral water Competitive cost structure without subsidies Tremendous EU growth potential: 10 % in 2020 Photosynthesis converts CO2 into biomass + oxygen Fermentation/Destill. converts biomass into alcohol Alcohol-blends E5, E10 for all cars E85 for FFV

15 Segment Fruit* Revenues: 870 mn Operating profit: 47 mn *FY 2010/11

16 Segment Fruit Refining of agri-raw-materials into highvalue ingredients for food processors, especially for beverage-, dairy-, bakeryand ice cream industry 37 production sites on all 5 continents Global market leader with fruit preparations and largest producer of fruit juice concentrates in Europe Synergies with other group businesses

17 Südzucker ordinary share at a glance (mn ) 2011/ / /10 Cashflow per share ( ) * 3,20 2,92 Earnings per share ( ) * 1,32 1,06 Dividend per share ( ) * 0,55 0,45 Dividend yield * 2,77% 2,64% Closing price XETRA (balance sheet date) 21,75 19,90 17,06 Average trading volume/day 0,9 mn shares 0,8 mn shares 1,0 mn shares Market capitalisation (balance sheet date) Number of shares issued * will be released on May 15, 2012

18 Reliability pays of (mn ) ~750 ~ / / / / /12e Operating profit guidance Operatives profit as reported

19 Performance of Südzucker ordinary share % Südzucker MDAX 155 % % Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12

20 Südzucker: Value-driven growth with good return on capital Market leading positions in all business areas Südzucker sustainably will benefit from mega-trends Future growth refinanced already before economic crisis and secured via capacity expansions Strong balance sheet figures (equity ratio 51.6 %*) High cashflow generation Attractive dividend yield (2.8 %*) Defensive business modell has proven stability and visibility in times of global economic crisis *FY 2010/11

21 Südzucker: Part of your life! Part of your portfolio? Disclaimer This presentation contains forward looking statements based on assumptions and estimates made by the executive board of Südzucker AG. Although the executive board may be convinced that these assumptions and estimates are reasonable the future actual developments and future actual results may vary considerably from the assumptions and estimates due to many external and internal factors. For example, matters to be mentioned in this connection include current pending negotiations relating to the world trade agreement (WTA), changes to the overall economic situation, changes to EU sugar policies, consumer behavior and state food and energy policies. Südzucker AG assumes no responsibility and accepts no liability for future developments and future actual results achieved being the same as the assumptions and estimates included in this presentation.