Key take aways for Investors

Good local market positions that are crucial in the transition to sustainable livestock farming

• We have a clear and expressive mission: For the Future of Farming;
• We have unique access to the farmyard as a feed supplier;
• We have an ambitious sustainability agenda. We are committed to reducing the CO2 footprint of our activities and those of our customers. We are bringing more and more co-products back into the chain and stimulating circularity. And we are committed to protecting biodiversity;
• We focus on sustainable concepts with which we address social themes;
• We support livestock farmers with good feed and good advice at a competitive price, so that they can optimise the (technical) return on farm with healthy animals and reduce the impact on climate and nature;
• Thanks to our local operating companies, we are agile and able to respond quickly, while reaping the benefits of central expertise, core values and governance;
• We are distinctive with our offer tailored to specific markets and segments;
• We are strongly positioned to collaborate across the value chain for greater efficiency and transparency;
• We have a healthy balance sheet to be able to strengthen and broaden our positions through M&A in both our home markets and in new regions that fit in terms of culture (country and company).

Financial profile

• We have a healthy balance sheet and recurring free cash flow;
• We aim for a consolidated return on average capital employed (at the level of underlying operating income (EBIT)) of at least 10% in 2025, excluding unexpected events;
• We pay dividends (40 to 60% of underlying net profit);
• We are partly mitigating the impact of strongly fluctuating raw material and energy prices.