Highlights for investors

• #1 provider of Total Feed solutions to livestock farmers in Europe+ with leading market positions.
• Predominantly active in mature markets in which limited growth opportunities.
• Active in Poland (poultry feed company Tasomix) since 2018, a market with growth perspective, particularly in the poultry sector.
• Central position in the value chain for animal proteins: on-farm access.
• Targeted strategy for further reinforcement and expansion of activities: Horizon 2020.
• M&A strategy aimed at realising further expansion.
• Sustainability is a key aspect of the business model.
• Business model in which in principle fluctuations in prices of raw materials are passed on to customers; if these are not passed on this can lead to (substantial) fluctuations in the development of results.
• Strong balance sheet and substantial free cash flow.