K+S (SDF) Company presentation summary

Strategic positioning and market trends

• Operates globally with 50 locations, focusing on potash and salt production for agriculture and industry, with a strong presence in Europe and North America.

• Key megatrends include population growth, shrinking arable land, water scarcity, and rising protein consumption, driving demand for efficient fertilization and specialty products.

• Maintains privileged access to strategic potash deposits in Germany and Canada, supporting long-term growth and resilience.

• Industry+ segment provides stable margins and low capital intensity, acting as a stabilizing anchor for revenues.

• Unique infrastructure enables optionality for future business opportunities, including renewable energy and circular economy initiatives.

Financial performance and shareholder returns

• 2025 revenues reached €3.65 billion with EBITDA of €612.8 million and an EBITDA margin of 16.8%.

• Adjusted free cash flow for 2025 was €29.1 million, with a global workforce of around 11,000.

• Shareholder distribution policy targets 30–50% of adjusted free cash flow, with dividends and potential share buybacks.

• Maintains a strong balance sheet, targeting a maximum leverage ratio (net debt/EBITDA) of 1.5x.

• Stable revenue growth in Industry+ segment, with average annual growth rate of 4.45%.

Sustainability and transformation strategy

• Committed to reducing CO2 emissions by 25% by 2030, 60% by 2040, and achieving greenhouse gas neutrality by 2045 (Scope 1 and 2).

• Werra 2060 project aims to halve CO2 emissions, reduce saline process water, and increase energy efficiency at German sites.

• Expanding use of renewable energy, circular economy, and underground farming as part of new business areas.

• By 2030, plans to cover 155 hectares of tailings piles and use 3 million tonnes of residue annually for alternative purposes.

• Achieved top ESG ratings, with ongoing improvements in environmental and social responsibility.