Bunge Global (BG) investor relations material

Strategic transformation, integration, and growth initiatives

• Accelerated transformation since 2019 has created a more agile, disciplined, and resilient organization, focusing on strengthening the core, expanding reach, and delivering differentiated solutions across food, feed, and fuel markets.

• The integration with Viterra, completed in July 2025, expanded geographic reach, crop diversity, and processing capabilities, creating an unmatched global network and enhancing origination, processing, and distribution.

• Portfolio optimization since 2019 unlocked over $4 billion through divestitures, with proceeds reinvested in core capabilities and transformative M&A, resulting in stronger cash generation and over $5 billion returned to shareholders.

• Sustainability is embedded in strategy, with achievements like 100% soy traceability in Brazil's Cerrado, a 21% reduction in Scope 1 and 2 emissions versus 2020, science-based climate targets, and industry-leading non-deforestation policies.

• Operational improvements include a 53% reduction in lost time injuries and a 7% decrease in processing downtime.

Financial guidance, performance, and capital allocation

• Updated mid-cycle EPS baseline is set to exceed $15 by 2030, up from $8.50 in 2022, driven by project pipeline execution, Viterra synergies, disciplined capital deployment, and share repurchases.

• At a $13 run-rate mid-cycle baseline, the company expects to generate $3.5 billion in adjusted funds from operations annually, with $2.7 billion available for allocation after sustaining CapEx.

• Capital allocation priorities include maintaining a strong balance sheet (targeting 2x–2.5x leverage), returning at least 50% of discretionary cash flow to shareholders via dividends and buybacks, and focusing growth CapEx on efficiency and bolt-on investments.

• Announced a new $3 billion share repurchase program and maintains a conservative financial approach, with surplus debt capacity expected by 2030 and a targeted 12.5% return on invested capital at the $13 baseline.

• Synergy targets from the Viterra integration have increased, with $350 million in operational cost synergies and $250–$300 million in commercial synergies identified, with further upside possible.

Business model, operational excellence, and technology

• The unique value chain model integrates origination, processing, refining, shipping, and distribution, enabling end-to-end visibility, flexibility, and margin capture.

• The global footprint, enhanced by Viterra, supports direct origination from over 100,000 farmers and aims to exceed 65% direct origination by 2030, positioning the company as a leader in soy, softseeds, and macro feed ingredients.

• Investments in technology and data analytics, including proprietary AI and machine learning tools, drive operational efficiencies, yield improvements, and faster decision-making.

• The Bunge Production System codifies best practices for industrial operations, aiming for all facilities to reach high productivity and safety standards.

• Partnerships and innovation in low-carbon feedstocks, novel seeds, and regenerative agriculture expand leadership in sustainable solutions for food, feed, and fuel markets.