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Capital Markets Day 2025 Specialized in seeds. Powered by innovation. Delivering profitable growth. 18th November 2025
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Cautionary statements Regarding forward-looking information This document contains certain forward-looking statements relating to the business, financial performance and results of KWS SAAT SE & Co. KGaA and/or its subsidiaries and/or the industry in which KWS SAAT SE & Co. KGaA and its subsidiaries operate. These forward-looking statements are based on KWS’ current plans, estimates, projections and expectations. These statements are based on certain assumptions that, although reasonable at this time, may prove to be erroneous. Prospective investors should not place undue reliance on these forward-looking statements. If certain risks and uncertainties materialize, or if certain underlying assumptions prove incorrect, events described in this document as anticipated, believed, estimated or expected may not occur, and KWS SAAT SE & Co. KGaA may not be able to achieve its financial targets and strategic objectives. This presentation should not be viewed as definitive legal, tax, or other advice regarding investment. All interested investors should seek independent third party legal, tax, and other advice. KWS SAAT SE & Co. KGaA does not intend, and does not assume any obligations, to update industry information or forward-looking statements set forth in this document. KWS SAAT SE & Co. KGaA assumes no responsibility or liability in regard to the completeness of the contents and the accuracy of opinions, estimates, prognoses, calculations, or other information contained in this presentation. This presentation may contain confidential information. Neither the presentation nor any of its contents may be reproduced or otherwise made available to third parties. Lunch break & R&D tour12:00 – 14:00 10:30 Welcome & Introduction Dr. Felix Büchting CEO 14:15 Research & Development Dr. Thomas Ehrhardt Head of Global Research 10:45 Cereals & Corn Sebastian Talg Member of Executive Board 15:00 Financial framework & Outlook Dr. Joern Andreas CFO 11:15 Sugarbeet & Vegetables Nicolás Wielandt Member of Executive Board 15:15 Closing remarks & Q&A Dr. Felix Büchting CEO
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Welcome & Introduction Dr. Felix Büchting CEO Capital Markets Day 2025
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Innovating seeds since 1856 1856 Sugarbeet 1920 Cereals 1955 Corn 2019 Vegetables Leading specialist in plant breeding T oday Capital Markets Day 20255
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Agriculture is facing significant challenges globally +60% -17% -20% -33% Higher food & feed demand by 2050 Harvest losses from climate change Loss in arable land by 2050 Lower acreage per capita by 2050 Sources: stats.oecd.org (Statistic database of the OECD), FAO, FAOSTAT Capital Markets Day 20256
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Increase yields to feed a growing world population Unleash the potential of Crop rotations Provide solutions for Healthy nutrition Face climate change with Resilient varieties Optimize farming with Digital solutions Support the Reduction of inputs It’s all in the Seed Our solution Innovation in plant breeding is key to solving challenges Capital Markets Day 20257
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Cutting-edge breeding Traits High-value crops Step-up food chain Tools & solutions KWS food ingredients Vegetable/ potato seeds Digital services Emission management Customer-centric consulting CONVISO® SMART CR+ PollenPLUS® Yield increase Stress tolerance Input efficiency Examples Our value capture model for profitable growth Capital Markets Day 20258
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Following a clear strategic framework for profitable, sustainable growth Lead in field crops & leverage portfolio Build businesses for long-term growth & value capture Advance trait development & breeding 3 –5 % Organic sales growth 19 –21 % EBITDA margin 25 –30 % Dividend payout ratio S u s t a i n a b i l i t y A m b i t i o n 2 0 3 0 Capital Markets Day 20259
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Lead With our customer-centric approach, we are leveraging our deep expertise and broad variety portfolio along the crop rotation cycles for sustainable agriculture. We lead in field crops & leverage our broad portfolio Global market leader with outstanding profitability due to break-through innovations Sugarbeet Re-shaped towards growth and profitability, building on leading position in European corn markets Corn #1 Silage corn (EU-27)#1 Globally European market leader with significant growth potential due to unique hybrid crop portfolio Cereals Hybrid rye, winter barley, wheat (EU-27)#1 Growth driver Capital Markets Day 202510
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Fastest growing segment in seed market as demand for healthy nutrition rises. High value contribution of seeds to consumer product. Leveraging KWS plant breeding expertise to provide tailored, plant-based proteins. Step-up in food chain for value capture. Reshaping the potato value chain – seeds instead of tubers. Significant value-adding opportunity in an untapped market. Build businesses for long-term growth & value capture Growth driver Build businesses for long-term growth and value capture Potato seedVegetables KWS food ingredients Lead Capital Markets Day 202511
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Lead Build Growth driver Advance trait development & breeding Following a clear strategic framework for profitable, sustainable growth Capital Markets Day 202512
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Strong track-record of innovation including first-in-class inventions 2018 ClimaCONTROL3 2004 PollenPLUS® rye 1998 First hybrid 2015 First hybrid 1986 Yellow mosaic virus resistance 2023 Dwarf virus tolerance 2007 Roundup Ready® trait 2018 CONVISO® SMART trait 2021 CR+ trait 2000 Nematode resistence 1980 1990 2000 2010 2020 1983 Rizomania tolerance Capital Markets Day 202513
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Cereals & Corn Sebastian Talg Member of Executive Board Capital Markets Day 2025
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Cereals
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Building a market leader in European cereals: Our journey started over a century ago Expansion with oilseed rape KWS starts cereals breeding Market launch hybrid rye in Germany Start of sorghum breeding Start with BLA hybrid wheat system First sales of soft red winter wheat in US Launch of first hybrid rye varieties in US + CA Launch of first hybrid barley variety in the UK 1920s 1955 1987 2008 2014 2015 2024 Capital Markets Day 202516
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Sales in € M 119 112 151 169 188 190 211 247 276 263 0 50 100 150 200 250 300 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Strong growth of leading crop portfolio 2028 – 2030 Target Capital Markets Day 202517
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Wheat Winter barley Our leading crops #1 EU-27+1 #1 EU-27+1 Oilseed rape #2 Europe Hybrid rye #1 Globally Capital Markets Day 202519
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Cabbage stem flea beetles ▪ Cabbage stem flea beetles (CSFB) are among the most important pests in Europe ▪ Resistances of CSFB against chemical plant protection is increasing ▪ Ongoing decrease of active ingredients availability puts OSR profitability on farm at risk ▪ Genetics are less susceptible to CSFB larvae ▪ At least 30% less insect infestation than other oilseed rape varieties. KWS InsectPROTECT InsectPROTECT: Addressing a key threat in rapeseed farming Capital Markets Day 202523
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Hybrid wheat: Long-term opportunity for value capture Wheat Significant market opportunity ▪ #1 crop globally in terms of acreage ▪ Currently low seed value capture Hybrid benefits ▪ Higher operating income for farmers ▪ Higher value capture for breeders incentivize further innovation KWS Status ▪ Important milestones achieved ▪ Potential launch by mid 2030s Seed Value* Europe and North America in USD/ha - 100 200 300 400 500 600 700 0 10 20 30 40 50 60 70 80 90 Production [Mt] Average area [Mha] Oilseed 75 Barley Sunflower Corn 213 56 10 Soy bean 17720 Source: Acreage and Production: FAO Stat; *AgBioinvestor as function of reported segment turnover of seed companies divided by crop acreage, Average Wheat 283 Sugarbeet Capital Markets Day 202525
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Leading in Europe Growth potential due to unique crop portfolio Leading positions in hybrid rye, oilseed rape, wheat, barley Broad portfolio enabling crop rotation and providing solutions for sustainable agriculture Significant growth potential through pipeline innovation and portfolio diversification Capital Markets Day 202526
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Corn & Sunflower
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Strategic realignment of corn segment completed Corn segment today FY 2025/2026 Corn segment before FY 2022/2023 Divestiture steps 2023: China JV 2024: South America (GMO) 2025: North America JV (GMO) North & South America GMO markets Other Europe ~ €450 M Net sales€1.05 Bn Net sales Other Europe 8.6% EBITDA margin ~15% 5.0% ROCE ~11% KWS IP & technology FX & market risks Capital requirements Capital Markets Day 202528
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Sales in € M 373 362 341 339 359 366 397 448 452 444 200 250 300 350 400 450 500 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Corn Europe: Focussing on the next growth phase 2028 – 2030 Target Capital Markets Day 202529
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Production in Mt 500 400 300 200 100 0 0 3620 33 34 351 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 The cornerstone of European agriculture and seed market Barley Wheat SunflowerSoy beans Sugarbeet Grain and Silage Corn Silage Bubble size: Seed value in € M Acreage in Mha Rapeseed Grain 3,000 1,000 400 2,000 500 400 1,000 500 150 Sources: FAO (EUROPE ex RU, Silage Corn Data: EU27 - Eurostat, Seed value silage and grain corn (€ M): Kynetec, seed value other crops (€ M): AgBioInvestor (incl. RU, UA), Field Crops. Capital Markets Day 202530
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Our ambition in silage corn Strengthening our leading market position Top tier performance and innovation Capital Markets Day 202532
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Next generation hybrids for further growth in silage corn Energy yield Energy concentration Hybrids with exceptional starch and energy yields Energy boost corn Market Ø Market Ø Energy boost YieldStarch Capital Markets Day 202533
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Market Ø Market Ø Energy yield Energy concentration Next generation hybrids for further growth in silage corn Energy boost YieldStarch Digestibility Next generation hybrids with superior nutritional profile for increased energy concentration Leading in yield, starch and digestibility for even higher energy concentration & yield Energy boost corn Digestibility Capital Markets Day 202534
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Our ambition in grain corn Further taking market share with leading product performance Continue to outpace competitors in breeding gains Reduce time to market by introducing accelerated breeding scheme Capital Markets Day 202535
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ClimaCONTROL³ Plus4GRAIN ▪ High performance hybrids ▪ Superior yields ▪ Intense production environments ▪ Favorable growth conditions ▪ Drought-tolerant hybrids ▪ Stable yields ▪ Stressed production environments ▪ Before, during and after flowering ▪ Early grain corn ▪ Superior dry-down capacity ▪ Lowering drying costs and emissions ▪ New option for crop rotations Robust product pipeline for further growth in grain corn DryDown+ Capital Markets Day 202536
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Growth opportunity: Sunflower Establishing market presence in a new, attractive European crop Reaching a significant market share by 2035 Improving future variety performance due to game-changing technology Capital Markets Day 202537
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Global vegetable oil market expected to grow >10% until 2030 Sunflower: A rising star in the global oilseed landscape 11% Others 10% Sunflower 16% Rapeseed 29% Soybean 34% Palm Source: USDA, 2024; OECD ~220 M tonnes Consumer behavior Healthy nutritional profile rich in healthy fats and high in Vitamin E. Climate change Winner of climate change thanks to its deep root system and drought tolerance Capital Markets Day 202538
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Corn & sunflower segment: Reshaped for growth and profitability Leadership positions in corn as the biggest European crop Strong proprietary corn portfolio driving future growth and addressing needs in European corn farming Entering the sunflower market provides an attractive opportunity for profitable long-term growth Capital Markets Day 202540
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Capital Markets Day 2025 Sugarbeet & Vegetables Nicolás Wielandt Member of Executive Board
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Sugarbeet
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Sales in € M 440 455 455 461 492 524 589 716 865 872 0 100 200 300 400 500 600 700 800 900 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Strong growth driven by innovation 2028 – 2030 Target Capital Markets Day 202543
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Global sugarbeet acreage Global 4,654 EE 1,450 Source: KWS estimates FY 2024/2025 Kha Capital Markets Day 202544
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Acreage in Kha 7,401 5,503 4,728 4,539 4,646 131 194 281 492 872 32 60 91 170 367 0 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 95/96 97/98 99/00 01/02 03/04 05/06 07/08 09/10 11/12 13/14 15/16 17/18 19/20 21/22 23/24 Capturing value through seed innovation Sales in € M Op. profit in € M 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Capital Markets Day 202545
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Cyst nematode resistance GM herbicide resistance Non-GM herbicide resistance Cercospora resistance Genetic monogermity Rhizomania resistance 1995 2004 2007 2018 2021 Our innovation journey 1970 Capital Markets Day 202547
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Modern sugarbeet varieties with CONVISO® SMART system Dedicated herbicide CONVISO® ONE based on ALS inhibitors CONVISO® SMART: A breakthrough innovation for weed control in sugarbeet farming Significant agronomic benefits of CONVISO® SMART 50% less pesticide use compared to classic weed control 1 – 2 spray times compared to 3 – 4 with classic weed control Classic weed control CONVISO® SMART Capital Markets Day 202548
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Cercospora beticola is a fungal pathogen that causes Cercospora Leaf Spot (CLS), the most destructive foliar disease of sugarbeet worldwide. Impact on yield: ▪ Root tonnage ▪ Sugar concentration ▪ Storage quality ▪ Processing efficiency Cercospora infestation in sugarbeet CR+ varieties offer resistance & sugar yield CR+: Addressing a significant threat in sugarbeet planting low CR-resistance Sugar Yield high Classic Cercospora resistant type low high CR+ CR+ varieties Capital Markets Day 202550
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TRUVERATM: New weed control solution for U.S. market ▪ Broader efficacy than current trait with more active substances ▪ Essential to support sugarbeet growing in many areas of the U.S. TRUVERATM Weed control ▪ Roundup Ready® weed control in sugarbeet has demonstrated high efficacy since launch 2007 ▪ New solutions with broader efficacy needed to expand the toolbox for weed control Capital Markets Day 202554 Status/Timeline ▪ Currently in different registration processes (food and feed) ▪ Market launch expected 2027/28
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Driving growth and fostering global leadership position through continuous innovation Two major innovations planned to be launched by 2027/28 Targeting €1 Bn sales by 2028 – 2030 Maintaining attractive profitability profile through innovation premiums Capital Markets Day 202557
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Vegetables Build Businesses for long-term growth & value capture Build businesses for long-term growth and value capture Potato seeds KWS food ingredients Capital Markets Day 202558
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Vegetables
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Population growth Vegetables consumption 50 70 90 110 130 150 1980 1990 2000 2010 2020 in kg per capita p.a. 0 2 4 6 8 10 12 2000 2050 in Bn people Capital Markets Day 202560
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Global commercial seed market USD 48 Bn Corn 21 Bn Soybean 9 Bn Vegetables 7 Bn Cotton 2 Bn Cereals 3 Bn Rice 2 Bn Rapeseed 2 Bn Sunflower 1 Bn Sugarbeet 1 Bn Capital Markets Day 202561
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84 58 54 66 62 72 0 10 20 30 40 50 60 70 80 90 19/20 20/21 21/22 22/23 23/24 24/25 Sales in € M Returning to growth after COVID impact 2028 – 2030 Target 300 M >20% EBITDA margin COVID impact ~2040 Capital Markets Day 202562
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€300 M >20% EBITDA margin Long-term ambition Our strategic objective: Become a leader in vegetables Commercialize all strategic crops by 2028 ~2040 €100 M 2028 – 2030 Capital Markets Day 202563
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0 200 400 600 800 1000 1200 14001,400 1,200 1,000 Market size in € M Vegetable seeds – targeting a significant and growing market Capital Markets Day 202564
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Building the infrastructure in the vegetable seeds arena Mexico Culiacan Netherlands Andijk/Wageningen Spain Murcia/Almería Turkey Antalya Brazil Petrolina/Uberlândia Italy Parma/Corridonia Capital Markets Day 202565
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2025/26 2026/27 2027/28 All new crops to be launched by 2028 Primary countries Secondary countries Markets in scope for product introductions Capital Markets Day 202569
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Build businesses for long-term growth & value capture Build businesses for long-term growth and value capture Potato seeds KWS food ingredients Vegetables Capital Markets Day 202570
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Tubers Seeds Amount for 1 ha 3,000 kg 100 g Storage requirement Logistics / cooling reqmt Trait integration CO2-Footprint Potato seeds: Significant long-term opportunity, reshaping the potato market Focus on growing high value potato products, French fries and crisps; core markets size: ~ €2 Bn + Lower logistic and seeding costs, easy to ship and store (100 g seeds vs. 3,000 kg tubers per 1 ha) + Significant margin potential of >30% EBITDA + Significant value capture potential Capital Markets Day 202571
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Accessing a significant market KWS food ingredients addressing the megatrend of plant-based foods First cooperation for pea protein-based dairy alternatives Focus on improving taste, processing quality and texture New value proposition Traits for improved food ingredients + New customer / partner Food and food ingredients industry + New (partner-) ecosystem Joint development connecting „start“ and „end“ + Capital Markets Day 202572
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Looking beyond: Value capture opportunities on the horizon Building a future leader in vegetables introducing a wave of new varieties until 2028 and beyond Driving step-innovation of potato seeds with the potential to disrupt potato planting in the future Accessing the plant-based food market by leveraging our trait expertise into the food value chain Capital Markets Day 202573
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Capital Markets Day 2025 Lunch break & R&D tour We will be back at 2.15 pm.
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Capital Markets Day 2025 Research & Development Dr. Thomas Ehrhardt Head of Global Research
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Following a clear strategic framework for profitable, sustainable growth BuildLead Growth driver Advance trait development & breeding Capital Markets Day 202576
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Strong track-record of innovation including first-in-class inventions 2018 ClimaCONTROL3 2004 PollenPLUS® rye 1998 First hybrid 2015 First hybrid 2023 Barley yellow dwarf virus, wheat dwarf virus tolerance 2021 CR+ trait 1980 1990 2000 2010 2020 1983 Rizomania tolerance 1986 Yellow mosaic virus resistance 2007 Roundup Ready® trait 2018 CONVISO® SMART trait 2000 Nematode resistence Capital Markets Day 202577
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Our diverse product development portfolio Sugarbeet Potato Feedbeet Sunflower Corn Catch Crops Rye Oilseed rape Wheat Barley Sorghum Peas Water melon Sugarbeet Corn Cereals Vegetables Spinach Beans Red Beet Tomato Melon Pepper Cucumber Swiss Chard Capital Markets Day 202578
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Number of variety approvals over the past 20 fiscal years 0 100 200 300 400 500 600 700 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 38% of KWS employees in R&D €349 M Total R&D spend 22% Low-input varieties in KWS portfolio 65% of sales generated by new varieties Record numbers of new variety approvals strengthen our product pipeline 24/25 584 Strong investment in R&D assures continued innovation FY 03/04 All figures FY 2024/25 Capital Markets Day 202579
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Traits Genomic selection Genome Editing Digitalization Hybridization KWS Traits & Technology Capital Markets Day 202581
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KWS Traits & Technology Capital Markets Day 202582 Traits
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The history of plant breeding – 12,000 years of innovation Emmer, einkorn wheat 10,000 BC Flax, wheat, barley 5,000 BC Corn, millet 4,000 BC Potato 3,000 BC Rapeseed, canola 2,000 BC Rye 700 BC Cabbage 1,000 AD 1900 1920 1930 1960 Mid 1990s End 1990s 2010 20121866 Triticale Mendel‘s lawsSugarbeet 1750 Cross-breeding Hybrid breeding Mutation breeding Tissue culture Genomic selection Gene delivery Smart breeding Genome research Genome Editing Today Capital Markets Day 202585
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Contribution of innovation Marker & genomic selection Genome Editing Crop hybridization Data science & AI R&D R&D key innovation drivers R&D effort Technological limit M aturity Initiate C O S T Q U A L I T Y Capital Markets Day 202586
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Genomic selection KWS Traits & Technology Capital Markets Day 202587
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Genomic selection – accelerating breeding with data & AI Selecting best plants using genetic data, reducing field tests & trials Efficiency increase Increases breeding progress Faster to market Genomic selection Capital Markets Day 202588
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- 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 18/19 19/20 20/21 21/22 22/23 23/24 24/25 # Samples Economy of scale drives technology adaptation € Cost / sample Chip cost and sample evolution Genomic selection Capital Markets Day 202589
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Traits Genome Editing KWS Traits & Technology Capital Markets Day 202590
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7 generations minimum Non-resistant Genome Editing – Adding pace and precision resistant search cut repair 2 generations 20 – 30% faster Precise targeted changes Accelerated product development Genome Editing Capital Markets Day 202591
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Crossbreeding and material development Property testing and selection Variety approval and variety protection Seed propagation and certification Official variety testing by authorities Pre-breeding and trait development 7 – 8 years With Genome Editing shorten 2 – 3 years Seed propagation and certification Pre-breeding and trait development Crossbreeding and material development Official variety testing by authorities Property testing and selection Genome Editing can significantly accelerate the breeding process Without Genome Editing 10 years Variety approval and variety protection Genome Editing Capital Markets Day 202592
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KWS is ready to translate Genome Editing into innovative products KWS Gateway Research Center (GRC) Missouri, U.S. Technology access IP Portfolio Strategic partnerships Genome Editing Capital Markets Day 202593
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Cabbage-stem flea beatle resistance in oilseed rape Non-edited plants Edited plants ▪ Yield losses rose by up to 50% after neonicotinoid pesticides were withdrawn ▪ Genome Editing to add traits on top of genetic resistance Genome Editing Capital Markets Day 202596
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Gene discovery for virus yellows and SBR in sugarbeet Virus yellows SBR Infected plants Non-infected plants Infected plants Non-infected plants ▪ Complex disease: three types of viruses ▪ Breeding varieties today for two virus ▪ Genome Editing to complement breeding ▪ New complex disease: two bacterial pathogens ▪ KWS invests in foundational research to identify trait genes Genome Editing Capital Markets Day 202597
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Digitalization KWS Traits & Technology Capital Markets Day 202598
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AI for the farmer CONVISO® SMART spray timer High accuracy model to recommend ideal time for CONVISO® SMART application+ More efficiency in field operations+ More convinience for farmers+ Best practices & compliance+ Capital Markets Day 202599
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Efficiency increase by digitalization Digitalization Capital Markets Day 2025100 FieldExplorer (FEX) ▪ Smart digital field planning, management and operations Gene discovery ▪ Proprietary models integrate data & identify candidate genes Digital phenotyping ▪ State-of-the-art sensor technologies enable exact digital plant description
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Collaboration is key: Satellite remote sensing with the European Space Agency and other high-profile partners AgriCEM Earth observation satellites provide agricultural data for farming and breeding: Crop health status and drought & yield Advanced agricultural monitoring with copernicus expansion missions Digitalization Capital Markets Day 2025103
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Hybridization KWS Traits & Technology Capital Markets Day 2025104
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Why hybrids + + + + Increased productivity Higher yields | Superior traits Better resilience Stability | Vigorous | Coping with stress Trait carrier Faster inclusion of traits | Time to market Additional value capture for entire value chain Having more potential | Down stream trait value Business potential Addressing more | New markets + Hybridization Capital Markets Day 2025105
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Successful hybridization with optimal genetic parents 7 x Inbreeding 7 x Inbreeding Genetically different KWS hybrid corn P1 P2 homozygous homozygous Hybridization Capital Markets Day 2025106
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Grain yield* in dt/ha Success story hybrid rye 2010 2020 90 80 100 2004 +1% Hybrid +0.6% Non-hybrid Heterosis as additional yield compared to the best non-hybrid varieties *with treatment Hybridization Capital Markets Day 2025107
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Sugarbeet Potato Sunflower Corn Rye Oilseed rape Wheat Barley Sorghum Spinach Swiss chard Red beet Tomato Melon Water melon Pepper Cucumber The KWS hybrid portfolio Sugarbeet Corn Cereals Vegetables KWS hybrid portfolio PipelinePipeline Pipeline Hybridization Capital Markets Day 2025108
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Successful hybridization must overcome a few hurdles A working hybrid “system” ▪ Stable male sterility (pollen-free mother plants) Control of flower biology ▪ Timing ▪ Synchronization ▪ Pollen shedding & spreading Optimal “parent genetics” ▪ Genetically divers ▪ Proprietary germplasm ▪ Regional adapted material Production yield ▪ COGS margin ▪ Producibility ▪ Logistics Hybridization Capital Markets Day 2025109
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Research & Development: Innovation leadership in plant breeding A reliable breeding engine drives genetic gain and product performance. Trait development and hybridization best serve our product pipeline and agricultural needs. Cutting-edge technologies add speed, precision and scale. Capital Markets Day 2025113
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Capital Markets Day 2025 Financial framework Dr. Jörn Andreas Chief Financial Officer
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Seed spend remains steady throughout the Ag cycles Sugarbeet Europe Oilseed rape Europe 50 100 150 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Seed costs in €/ha, indexed Silage Corn Europe 50 100 150 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Rye Europe 50 100 150 200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50 100 150 200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Farm revenues in €/ha, indexed High pricing strength ▪ Seed prices show little elasticity ▪ High pricing power due to continuous innovation ▪ Recurring sales and attractive margins Capital Markets Day 2025115 Sources: Kynetec, KWS
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Group sales* in € M 968 1,020 958 961 982 1,138 1,159 1,276 1,500 1,678 1,677 200 400 600 800 1000 1200 1400 1600 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Striving for further growth 2025 – 2028 Target Capital Markets Day 2025116 *adjusted for portfolio effects
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KWS Model: A growth compounder Reinvesting profits into high-return opportunities Premium pricing Value capture High gross margins Controlled SG&A Investments in innovation R&D Costs in € M 0 100 200 300 400 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 EBITDA margin* in % *adjusted for portfolio effects **adjusted for positive one-off item (VAT) KWS Value model Capital Markets Day 2025117
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Transformation into ▪ Single Source of Truth ▪ Optimized Planning ▪ Transparent Reporting Shared service center – Platform for AI ▪ Global Service Center in Berlin for KWS worldwide ▪ Central hub for process optimization in Admin functions ▪ Example invoice processing: AI powered automation for higher productivity, quality and speed Accelerating business transformation and cost savings 15/27 Countries in transformation Capital Markets Day 2025118
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Acting from a position of strength: Our capital allocation priorities ▪ Strengthen leadership in field crops ▪ Maintain significant R&D investments ▪ High investments in digitalization, AI ▪ Selective M&A approach, priority on vegetables ▪ Preference for bolt-on acquisitions ▪ Targeting an increased payout ratio of 25-30% ▪ Commitment to high dividend continuity 01 Organic growth 02 M&A 03 Dividends Capital Markets Day 2025119
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New dividend policy accelerates dividend growth New dividend policy ▪ Increased dividend payout of 25 – 30% of adjusted net income ▪ €1.25 per share represents significant increase of 25% in dividend vs. last fiscal year ▪ Dividend proposal is subject to AGM resolution on December 3, 2025 Dividend development in € per share €0.80 €0.80 €0.90 €1.00 €1.25 20/21 21/22 22/23 23/24 24/25 Proposal Capital Markets Day 2025120
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Free cash flow in € M 136 114 55 57 123 0 20 40 60 80 100 120 140 20/21 21/22 22/23 23/24 24/25 Higher focus on Free Cash Flow Capex Stable at €~120 M; relative decrease vs. revenues over time Receivables Better DSO after portfolio sales; more collection discipline Inventories High seasonality and impact of harvests from multipliers Income taxes ~30% due to new regulations and uncertain tax positions Capital Markets Day 2025121
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Maturities in € M Net debt in € M 195 119 Debt position & maturities Q1 24/25 Q1 25/26 20 27 27 87 27 27 134 25 FY 32/33 FY 31/32 FY 30/31 FY 29/30 FY 28/29 FY 27/28 FY 26/27 FY 25/26 Capital Markets Day 2025122
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+ + + + + Results of the 1st quarter 2025/26 Strong rapeseed business drives growth in winter seeds Phasing effects in Sugarbeet sales – segment forecast unchanged Q1 revenue of €228.2 (248.6) M below prior year due to phasing EBITDA rises to €4.8 (– €10.0) M driven by positive special item (AgReliant sale) Forecast for fiscal year 2025/2026 confirmed Capital Markets Day 2025123
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Forecast 2025/2026: Moderate growth at sustained profitability Forecast FY 2025/2026 Organic sales growth ~3% ▪ In line with mid-term growth target of 3 – 5% ▪ Reflecting commodity weakness and expected decline in RUS business Additional positive one-time effect (EBITDA) €~30 M ▪ EBITDA impact of licence sale in the context of AgReliant divestiture ▪ In line with mid-term financial ambition of 19 – 21% EBITDA margin ▪ Continued high investments in R&D 19 – 21%EBITDA margin Capital Markets Day 2025124
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Well positioned for further profitable growth Winning portfolio supports a 3 – 5% organic growth p.a. Growth compounder delivering 19 – 21% EBITDA margin Accelerate transfor- mation and generate cost savings Capital allocation focussing on reinvest- ments, bolt-on M&A and dividends Guidance confirmed after first quarter 2025/26 results Capital Markets Day 2025125