Financial Year 2016/17 Conference Call Presentation, 18 May PDF Free Download

Financial Year 2016/17 Conference Call Presentation, 18 May 2017 Thomas Kölbl (CFO) Südzucker Conference Call, FY 2016/17, page 1

Agenda 1. Financial Highlights page3 2. Annual Financial Statement 2016/17 page 5 3. Development of Segments Sugar page 15 Special Products page 20 CropEnergies page 24 Fruit page28 4. Outlook page 31 5. Appendix page 37 Südzucker Conference Call, FY 2016/17, page 2

Financial Highlights Financial Year 2016/17 Group revenues increase to 6,476(6,387) mn Group operating result significantly up to 426(241) mn Cash flow significantly up to 634(480) mn Earningsper share1.05 (0.53) ; excl. special items Dividend* increase to 0.45(0.30) per share Net financial debtreducedby142 mn to413 413(555) mn, despite investments in financial assets of 164 mn Successfulcapital capital market transactions: * Proposal Bond placement November 2016: Duration 7 years, coupon 1,25% Capital increase Agrana and placement of Südzucker held Agrana shares; netcash inflow189 mn Südzucker Conference Call, FY 2016/17, page 3

Earnings increasein all segments (mn ) 2016/17 2015/16 Crop Special Fruit Sugar Group Energies Prod. Revenues 6.476 6.387 90 1,4% Ope rating Profit 426 241 185 76,7% Revenues 2.776 2.855-79 -2,7% Operating Profit 72-79 151 - Revenues 1.819 1.791 28 1,5% Operating Profit 184 171 13 7,4% Revenues 726 658 68 10,3% Operating Profit 98 87 11 12,6% Revenues 1.155 1.083 72 6,6% Operating Profit 72 62 10 16,0% Segment sugar moderate increase quota sugar prices EU framework limits latitude until Ocotber 2017 Segment special products higher volumes lower prices start-up costs starch plant Zeitz Segment CropEnergies 658 1791 successful re-start of Ensus lower ethanol prices lower raw material costs Segment fruit Margin recovery fruit juice concentrates Successful diversification strategy Südzucker Conference Call, FY 2016/17, page 5

Diversified andstrong cashflow base* operating result share in % 17 % 17 % Depreciaton EBITDA Cash flow Fruit 72 43 % Crop Energies 98 23 % 184 Special Products operating result segments 72 283 709 Sugar 634 Net Financial Debt 413 * Financial year 2016/17 in mn Südzucker Conference Call, FY 2016/17, page 6

Income from operations (mn ) 2016/17 2015/16 Revenues 6.476 6.387 89 Operating result 426 241 185 Restructuring costs/special items -20-19 -1 Income from companies consolidated at equity 35 55-20 Income from operations (EBIT) 441 277 164 Result from restructuring and special items: Main burden Expense test phase wheat starch factory Zeitz / standstill costs bioethanol factory Wilton New part-time retirement program Südzucker AG Value added and excise tax risks Romania Main income Reversed accruals related to the shutdown of the bioethanol factory in Wilton in February 2015 after it was restarted Income from companies consolidated at equity: Segment sugar: 7 (32) mn ; relatesmainlytoparticipationin ED&F Man Segment special products: 28 (23) mn ; share of earnings from Hungrana group s starch and bioethanol activities Südzucker Conference Call, FY 2016/17, page 7

Net earnings (mn ) 2016/17 2015/16 Income from operations (EBIT) 441 277 164 Financial result -34-50 16 Earnings before income taxes 407 227 180 Taxes on income -95-46 -49 Net earnings 312 181 131 Financial result: Net interestresult-27 mn on previousyear slevel Resultfromotherfinancingactivities-7 (-23) Mio. improved(especiallydue tocurrency effects) Taxrate: Previous year burdened by negative currency result Financial year 2016/17: Revaluation of funds balance at AGRANA Fruit/Ukraine Group taxrate 23 (20) % Südzucker Conference Call, FY 2016/17, page 8

Earningsper share (mn ) 2016/17 2015/16 Consolidated net earnings 312 181 131 thereof Südzucker AG shareholders 214 109 105 thereof hybrid capital 13 18-5 of which attributable to other non-controlling interests 85 54 31 Earnings per share ( ) 1,05 0,53 0,52 Other minority interests relate mainly to minority shareholders of the AGRANA Group and CropEnergies Group. Earningsper share: 1.05 (0.53) Dividend proposal: 0.45 (0.30) /share Payout: 92 (61) mn Südzucker Conference Call, FY 2016/17, page 9

Investments and depreciations (mn ) 2016/17 2015/16 2016/17 Fixed Assets 329 371-42 Depreciation 283 Sugar 153 181-28 Sugar 129 Special Products 126 131-5 Special Products 79 CropEnergies 16 17-1 CropEnergies 37 Fruit 34 42-8 Fruit 38 Financial Assets 164 0 164 Total investments 493 371 122 Increases in stakes held in subsidiaries 0 3-3 - Capital increase/decrease 189-29 218 Total 304 403-99 Investment focus Sugar: energy efficiency and logisitics Special products: Development of new production capacities division starch and plant optimization at BENEO and Freiberger Investments in financial assets Sugar: Increasein ED&F Man participationby10% toabout35 % (82 mn ); acquisitionof Terra e.g. (29 mn ) Fruit: Acquisition of Main Process, Argentina(46 mn ) Südzucker Conference Call, FY 2016/17, page 10

Development Net Financial Debt (mn. ) NFD -117 555 634 329 115 Dividend payments 16 Others 438 140 AGRANA capital increase 10:1* 49 Secondary: 3.5 % AGRANA shares* 164 Investment in financial assets NFD -142 413 NFD 29.02.2016 89 Cash flow Inv. in Working Capital Südzucker Conference Call, FY 2016/17, page 11 Capex NFD NFD 28.02.2017 * net

Strong balance sheet ratios mn 28.02.2015 29.02.2016 28.02.2017 Net Financial Debt 593 555 413 Gearing (NFD : Equity) 13,3% 12,4% 8,4% Cash flow 389 480 634 NFD / Cash flow 1,5x 1,2x 0,7x Total assets 8.474 8.133 8.736 Shareholders' equity 4.461 4.473 4.888 Equity ratio 52,6% 55,0% 56,0% Capital Employed 5.877 5.791 6.012 RoCE 3,1% 4,2% 7,1% Südzucker Conference Call, FY 2016/17, page 12

Targets 2016/17 again achieved or exceeded Outlook 2016/17 Reported 2016/17 Revenues 6.4-6.6 bn 6.5 bn Operating Result 380-410 mn 426 mn Investments Fixed Assets ~ 350 mn 329 mn Net Financial Debt 350 450 mn deutliche 413 mn Ergebniserholung Südzucker Conference Call, FY 2016/17, page 13

Sugar balanceeu and world World* EU** 180,8 178,6 174,8 179,3 176,9 180,4 189,0 184,0 mn t 13/14 14/15 15/16 16/17e Production EU 17,6 20,3 15,7 17,4 from beet 16,8 19,5 14,9 16,7 from maize 0,7 0,8 0,8 0,8 Impo rt 3,2 2,8 2,9 2,9 80,2 72,5 67,2 69,8 Import white sugar 0,8 0,7 k.a. k.a. EU Refining of imported raw sugar 2,5 2,2 k.a. k.a. Export 1,4 1,5 1,4 1,4 2014/15 2015/16 2016/17e 2017/18e 44,9% * 40,4% * 37,3% * 37,9% * Production Consumption Ending Stock * Ending stock in % of consumption Consumption 20 20,2 19,3 19,7 Ending sto cks 2,6 4,0 1,9 1,2 * F.O. Licht estimates for 2017/18e, April 2017 ** EU-Commission Südzucker Conference Call, FY 2016/17, page 15

Price environment Sugar price development ( /t) 800 700 600 500 400 300 200 100 0-100 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 World market price EU price ex works EU- vs. World market price World market*: 2015/16: significant inventory decline firsttime since6 years 2016/17: further inventory decrease leads to low inventory level 2017/18e: despite expected slight inventory increase, still low inventory level Thereforefollowingstrong increasein 2016, current price decrease EU: Massive reduction until December 2014 Followed by bottoming out until H2 2015 Since 2016: Increase follows increased world market price level * World market price ex works: without transportation and other costs Südzucker Conference Call, FY 2016/17, page 16

Segment Sugar: Development 2016/17 Revenues(mn ) Operating Result(mn ) 2,855 2,776 72 2015/16 2016/17-79 2016/17 2015/16 Increase quota sugar sales revenues Lower sugar volumes Increase quota sugar sales revenues Decrease in volumes Others Südzucker Conference Call, FY 2016/17, page 17

Segment Sugar: Outlook 2017/18 Revenues Sales revenues increase on financial year average Increase in volumes from October 2017 Moderate increase in revenues(prev. year: 2,776 mn ) Operating Result End of quotaandmimimumbeetpricesystemin EU sugar market from 1 October 2017 makes outlook difficult Expecetd sales revenues increase on financial year average and volume increase, especially exports Increase in production and distribution volumes leads to significant improvement in capacity utilization and respective cost degression effects from 2017 Significant operating result expected (prev. year: 72 mn ) Südzucker Conference Call, FY 2016/17, page 18

Segment Special Products: Overview Leading market positions in all four divisions Sustainably high cashflow quality Very good fundamental development Growth based on intact megatrends: unchanged trend to alternative and functional food ingredients further increase in demand for convenience products Unbroken global increase in demand for animal feed(e.g. Gluten) Continuous capacity adjustment follows market growth Starch** 40 % Revenue split 2016/17 PortionPack 6 % 1,819 mn Revenues (mn )* 1,862 Freiberger 29 % BENEO (Functional Food) 25 % 1,806 1,791 1,819 1,740 1,724 * IFRS 11 adjusted since 2013/14 ** incorporates AGRANA bioethanol and starch activities 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 Südzucker Conference Call, FY 2016/17, page 20

Segment Special Products: Development 2016/17 Revenues(mn ) Operating Result(mn ) 1,791 1,819 171 184 2015/16 2016/17 2015/16 2016/17 Higher volumes Lower sales revenues (partially currency based) Installement starch factory Zeitz Higher volumes Start-up costs starch factory Zeitz Others Südzucker Conference Call, FY 2016/17, page 21

Segment Special Products: Outlook 2017/18 Revenues Divisions Freiberger, Beneo, starch and PortionPack with overall volume increase Slightly higher revenues(prev. year: 1,819 mn ) Operating Result Expected lower earnings takes into account higher raw material costs, lower ethanol sales revenues and further from new starch factory Zeitz (installed in 2016/17) Significant decrease in operating result expected (prev. year: 184 mn ) Südzucker Conference Call, FY 2016/17, page 22

Segment CropEnergies: Market environment High ethanol price volatility Quotation: Wheat /t / Ethanol /m 3 Sept. 2016: All-time-low 427 /m³ End of February 2017: 640 (510) /m³ Several influencing factors Raw material decrease further due to global harvest surplus Record harvest 2016/17 (all grain qualities/ -grades): 2,097 mnt (+6 %) ( /m 3 ) 700 600 500 400 300 200 NYMEX Fuel EtOH T2 FOB Rdm. Euronext Paris Wheat No. 2 350 300 250 200 150 100 ( /t) EU: Harvestdecreaseto295 mnt (-5 %); domesticconsumption285 mnt Nettorohertrag für Weizen-EtOH Record inventory level 510 mn t Wanze Südzucker Conference Call, FY 2016/17, page 24

Segment CropEnergies: Development 2016/17 Revenues(mn ) Operating Result(mn ) 87 98 658 726 2015/16 2016/17 2015/16 2016/17 Higher volume Lower ethanol sales revenues Lower ethanol sales revenues Lowernetrawmaterial costs Successful re-start of Ensus Others Südzucker Conference Call, FY 2016/17, page 25

Segment CropEnergies: Outlook 2017/18 Revenues Followingefficiencygainsat Ensus, flexible usageof total production capacity possible Ongoing high capacity usage Revenues expectation 725 bis 800 Mio. (prev. year: 726 mn ) Operating Result Bioethanol prices expected below previous year s level in light of ongoing volatility Operating resultexpectedin range40 to80 mn (prev. year: 98 mn ) Südzucker Conference Call, FY 2016/17, page 26

Segment Fruit: Development 2016/17 Revenues(mn ) Operating Result(mn ) 1,083 1,155 62 72 2015/16 2016/17 Fruit preparations Volume increase Higher sales revenues Fruit juice concentrates Stable volumes Higher sales revenues 2015/16 2016/17 Fruit preparations Volume increase Cost increase higher than increase in sales revenues Fruit juice concentrates Stable volumes Margin recoveryin light of higher sales revenues Südzucker Conference Call, FY 2016/17, page 28

Segment Fruit: Outlook 2017/18 Revenues Division fruitpreparationswithincreasein revenuesin light of higher volumes Division fruit juice with revenues increase as well Moderate revenues increase(prev. year: 1,155 mn ) Operating Result Divisions fruit preperations and fruit juice concentrates with earnings increase based on stable raw material price development Operating result above previous year s level expected (prev. year: 72 mn ) Südzucker Conference Call, FY 2016/17, page 29

Outlook 2017/18 (I): Revenues and Operating Result Sugar Revenues 2016/17 2017/18e 2.8 bn Operating Result 2016/17 2017/18e 72 mn Special Products 1.8 bn 184 mn CropEnergies 726 mn 725-800 mn 98 mn 40-80 mn Fruit 1.2 bn 72 mn > prev. year Group 6.5 6.5 bn 6.7-7.0 7.0 bn 426 mn 425-500 500 mn Südzucker Conference Call, FY 2016/17, page 31

Outlook 2017/18 (II) : Other key figures 2016/17 2017/18e EBITDA 709 mn 725 800 mn Depreciation 283 mn > prev. year Investments Fixed Assets 329 mn ~350 mn Net Financial Debt 413 mn 250 350 mn Südzucker Conference Call, FY 2016/17, page 32

Outlook 2017/18 (III) : Other key figures 2016/17 2017/18e RoCE 7.1 % > prev. year Cash flow 634 mn > prev. year Cash flow/ Revenues 9.8 % > prev. year Equity ratio 56.0 % > prev. year Südzucker Conference Call, FY 2016/17, page 33

Outlook 2017/18 (IV)*: Further improvement of financial key figures 1,632 Net Financial Debt Cash Flow mn 504 1,065 553 854 606 791 823 996 464 697 536 593 389 555 480 634 413 > prev. year 250-350 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18e NFD/CF Equity Ratio 3.2x 42 % 1.9x 1.4x 1.0x 0.5x 0.8x 1.5x 1.2x 0.7x 0.4 0.4-0.5x 0.5x 47 % 51 % 48 % 54 % 53 % 53 % 55 % 56 % > prev. year * IFRS 11 adjusted since 2013/14 Südzucker Conference Call, FY 2016/17, page 34

Summary Sugar Special Products CropEnergies Fruit From October 2017: Volume increase and cost degression effects Good starting point: Leading market position and flexible raw material price model FY 2017/18: Significant earnings increase expected (prev. year: 72 mn ) Raw material price increase and further start-up costs factory Zeitz FY 2017/18: Significant earnings decrease(prev. year 184 mn ), against very high level in 2016/17, still high cashflow quality Despite ongoing volatile ethanol prices, still high earnings level expected FY 2017/18: Expectedearningsrange40-80 Mio. (prev. year: 98 mn ) FY 2017/18: Further Revenues and earnings increase expected (prev. year: 72 mn ) Group Well diversified portfolio Increasing profitability Confirmation of high cashflow quality Strong financial and rating ratios Südzucker Conference Call, FY 2016/17, page 35

Segment Sugar (mn ) 2016/17 2015/16 Revenues 2.776 2.855-79 -2,7% EBITDA 201 48 153 > 100 EBITDA-Margin 7,3% 1,7% Operating Result 72-79 151 Operating Margin 2,6% -2,7% Restructuring and special items -12 4-16 Result from companies consolidated at equity 7 32-25 -79,4% Result from operations 67-43 110 Investments 271 181 90 49,8% Fixed Assets 153 181-28 -15,5% Financial Assets / Acquisitions 118 0 118 > 100 Capital Employed 3.169 3.041 128 4,2% RoCE 2,3% -2,6% Südzucker Conference Call, FY 2016/17, page 37

Segment Special Products (mn ) 2016/17 2015/16 Revenues 1.819 1.791 28 1,5% EBITDA 263 246 17 6,5% EBITDA-Margin 14,4% 13,7% Operating Result 184 171 13 7,4% Operating Margin 10,1% 9,5% Restructuring and special items -4-2 -2 54,5% Result from companies consolidated at equity 28 23 5 23,1% Result from operations 208 192 16 8,7% Investments 126 131-5 -4,0% Fixed Assets 126 131-5 -4,0% Financial Assets / Acquisitions 0 0 0 Capital Employed 1.499 1.436 63 4,4% RoCE 12,2% 11,9% Südzucker Conference Call, FY 2016/17, page 38

Segment CropEnergies (mn ) 2016/17 2015/16 Revenues 726 658 68 10,3% EBITDA 135 122 13 10,9% EBITDA-Margin 18,6% 18,5% Operating Result 98 87 11 12,6% Operating Margin 13,4% 13,2% Restructuring and special items -4-18 14-78,3% Result from companies consolidated at equity 0 0 0 Result from operations 94 69 25 36,7% Investments 16 17-1 -4,2% Fixed Assets 16 17-1 -4,2% Financial Assets / Acquisitions 0 0 0 Capital Employed 479 490-12 -2,4% RoCE 20,4% 17,7% Südzucker Conference Call, FY 2016/17, page 39

Segment Fruit (mn ) 2016/17 2015/16 Revenues 1.155 1.083 72 6,6% EBITDA 110 102 8 8,2% EBITDA-Margin 9,5% 9,4% Operating Result 72 62 10 16,0% Operating Margin 6,2% 5,7% Restructuring and special items 0-3 3-100,0% Result from companies consolidated at equity 0 0 0 Result from operations 72 59 13 22,1% Investments 80 42 38 90,2% Fixed Assets 34 42-8 -18,9% Financial Assets / Acquisitions 46 0 46 Capital Employed 866 823 42 5,2% RoCE 8,3% 7,5% Südzucker Conference Call, FY 2016/17, page 40

Group balance sheet (mn ) 28.02.2017 29.02.2016 (mn ) Intangible assets 1.240 14,2% 1.189 14,6% Fixed assets 2.922 33,5% 2.825 34,7% Shares in companies consolidated at equity 433 5,0% 333 4,1% Other investments and loans 24 0,3% 22 0,3% Securities 19 0,2% 19 0,2% Receivables and other assets 10 0,1% 14 0,2% Deferred tax assets 132 1,5% 133 1,6% Non-current assets 4.780 54,7% 4.534 55,7% Inventories 2.053 23,5% 1.897 23,3% Trade receivables and other assets 1.176 13,5% 1.081 13,3% Current tax receivables 21 0,2% 36 0,4% Securities 126 1,4% 126 1,5% Cash and cash equivalents 581 6,6% 459 5,6% Current assets 3.956 45,3% 3.599 44,3% 28.02.2017 29.02.2016 Equity attributable to shareholders of SZ AG 3.347 38,3% 3.158 38,8% Hybrid capital 653 7,5% 653 8,0% Other minority interest 888 10,2% 661 8,1% Shareholder's equity 4.888 53,4% 4.473 55,0% Provisions for pensions and similar obligations 823 9,4% 798 9,8% Other provisions 92 1,0% 103 1,3% Non-current financial liabilities 917 10,5% 734 9,0% Other liabilities 24 0,3% 16 0,2% Tax liabilities 103 1,2% 99 1,2% Deferred tax liabilities 81 0,9% 62 0,8% Non-current liabilities 2.040 23,4% 1.811 22,3% Other provisions 233 2,7% 209 2,6% Current financial liabilities 221 2,5% 425 5,2% Trade payables and other liabilities 1.304 14,9% 1.156 14,2% Current tax liabilities 49 0,6% 61 0,7% Current liabilities 1.807 20,7% 1.850 22,7% Total assets 8.736 100,0% 8.133 100,0% Total liabilities and shareholders' equity 8.736 100,0% 8.133 100,0% Südzucker Conference Call, FY 2016/17, page 41

Return on Capital Employed(RoCE RoCE)* Capital 5,950 5,873 5,877 5,791 6,012 5,901 Employed (mn ) Group RoCE (%) 16.3 % 10.6 % 3.1 % 4.2 % 7.1 % 8.3 % 2012/13 2013/ 14 2014/15 2015/16 2016/17 Ø 5 years Sugar 22.4 % 13.7 % 0.2 % -2.6 % 2.3 % ~7.2 % RoCE Special Products 9.5 % 6.3 % 8.7 % 11.9 % 12.2 % ~9.7 % CropEnergies 17.3 % 6.4 % -2.2 % 17.7 % 20.4 % ~11.9 % Fruit 5.0 % 8.1 % 8.4 % 7.5 % 8.3 % ~7.5 % * IFRS 11 adjusted since 2013/14, inclusive goodwill Südzucker Conference Call, FY 2016/17, page 42

Unchangedhigh high liquidity* (mn ) 28.02.2014 28.02.2015 29.02.2016 28.02.2017 mit IFRS 11 mit IFRS 11 mit IFRS 11 mit IFRS 11 Net financial debt -536-593 -555-413 Cash & Cash equivalents / securities 648 681 604 725 Gross financial debt -1.183-1.274-1.158-1.138 Long-term financial debt -681-774 -731-914 Short-term financial debt -502-500 -427-224 Bank credit lines: 759 807 798 786 undrawn 313 364 433 464 Syndicated loan facility 600 600 600 600 undrawn 600 600 600 600 Syndicated loan facility Agrana 450 450 450 450 undrawn 373 371 339 450 Commercial paper program 600 600 600 600 undrawn 510 400 475 600 = Total liquidity res erves 2.444 2.417 2.451 2.839 * IFRS 11 adjustedsince28 February2014 Südzucker Conference Call, FY 2016/17, page 43

Favourable financing maturity profile* (mn mn ) asof 28 February2017 EUR-Bond 1.250 % 400 300 12 94 13 7 2016 2017 2018 2019 2020 2021 2022 2023 EUR-Bond 4.125 % Promissory Note Syndicated loan 1,050 mn Commercial Paper Programm 600 mn (perpetual) Hybrid Bond 700 mn (perpetual) 5.25 % p.a. beforejune 2015 payoutannually/ since June 2015 3M-Euribor + 310 bp payout quarterly * Maturity: 2018/150 Mio., 2020/600 Mio., 2021/300 Mio. Südzucker Conference Call, FY 2016/17, page 44

Hybrid bond: 2016/17 cash flow covenant* safely achieved (mn ) 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18e Revenues 5.780 5.871 5.718 6.161 6.992 7.879 7.533 6.778 6.387 6.476 6,7-7,0 Cash flow 498 504 553 606 823 996 697 389 480 634 > prev. year Cash flow / Revenues 8,6% 8,6% 9,7% 9,8% 11,8% 12,6% 9,3% 5,7% 7,5% 9,8% * IFRS 11 adjusted since 2013/14 Cash flow covenant (cash flow / revenues >5 %) so far significantly exceeded Cash flow covenant fulfillment also expected in 2017/18 Options forhybrid bond2005 (depending dependingon continuous financial planning): Since30 June 2015: quarterlyvariable interestpayment, 3M Euriborplus 3.10 % p.a. Periodfrom31 March 2017 to30 June 2017 (excl.), rate of remunerationfixedat 2.770 % p.a. Since30 June 2015, bondcanbecalledandredeemedon quarterlybasisat nominal value (accordingto 6 (5) & (6) of the terms and conditions) Preconditiontouseissuercallrightisreplacementthroughnewhybrid orequitycapital within 12 months A bondrepurchase also partially ispossibleat anytime Still preferred option: No call of hybrid bond 9,8% > prev. year. Südzucker Conference Call, FY 2016/17, page 45

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 management report in the 2016/17 annual report on pages 88 to 99 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. IFRS 11 application as of financial year 2013/14. Written and visual value statements are standardized as follows: ±1% stable / ±1-4% slight / ±4-10% moderate / >/< 10% significant Südzucker Conference Call, FY 2016/17, page 46

Investor Relations Financial calender 13 July 2017 Q1 1 st quarterreport2017/18 20 July 2017 Annual general meeting for fiscal 2016/17 12 October 2017 Q2 1 st half yearreport2017/18 11 January 2018 Q3 1 st to3 rd quarterreport2017/18 23 April 2018 Preliminary figures financial year 2017/18 17 May 2018 Press and analysts conference fiscal 2017/18 Contact Nikolai Baltruschat Head of Investor Relations Tel.: +49 (621) 421 843 nikolai.baltruschat@suedzucker.de Bernhard Juretzek Manager Investor Relations Tel.: +49 (621) 421 530 bernhard.juretzek@suedzucker.de Sandra Kochner Assistant Tel.: +49 (621) 421 240 sandra.kochner@suedzucker.de Südzucker AG Maximilianstrasse 10 68165 Mannheim, Germany investor.relations@suedzucker.de Südzucker Conference Call, FY 2016/17, page 47