K+S : Presentation March 2024

Company Presentation

Information for investors, analysts, and interested parties Publication March 2024

Table of contents

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1 | 7 K+S Group

K+S Conspect

The roots of the K+S Group date back to the middle of the 19th century. At that time, miners in Germany exploited the world's first potash deposits and started fertilizer production.

Today, the K+S Group is an internationally oriented raw materials company with production sites in Europe and North America.

Mining of potash and salt on two continents

About 11.000 employees worldwide

K+S Group financials FY 2023

Revenues	EBITDA
€3,872.6 million	€712.4 million
Adjusted free	EBITDA margin
cash flow	18.4%
€311.2 million

K+S strives for sustainability and acknowledges

its responsibility towards people, the environment, communities, and the economy in the regions in which it operates.

The claim is to enrich life for generations and to be a pioneer for environmentally friendly and sustainable mining.

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Board of Executive Directors

Dr. Burkhard Lohr

Chief Executive Officer

Mandate until May 31, 2025

Dr. Carin-Martina Tröltzsch

Chief Operating Officer

Mandate until February 19, 2026

Dr. Christian H. Meyer

Chief Financial Officer Mandate until March 14, 2026

Christina Daske

Labor Director

Mandate until December 01, 2026

For current information on the responsibilities of the individual members of the Board of Executive Directors, please refer to our bylaws which can also be found on the K+S website at: www.kpluss.com/executivedirectors

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K+S at a glance

Customer segments (no segments according to IFRS)

With our wide range of potassium chloride (MOP) and fertilizer specialties, as well as

accompanying	advice,	we	support
farmers around	the world	in	achieving
high yields and the best crop qualities.	Industry+
Agriculture	Agriculture

Revenues 2023	Sales volumes 2023
€2,721.3 million	7.31 million t

We produce, refine, and supply natural raw materials for communities, con- sumers, and numerous industrial applications - and if residues remain, we have the right disposal solution.

Our products and services keep production running.

Thereof de-icing salt

Industry+

Revenues 2023	Sales volumes 2023
€1,151.3 million	6.62 million t

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Important megatrends and their implications

8.6 billion

Global population in 2030 Today: 8.0 billion

40%

of the population suffers from water scarcity in 2030

70% of water used for agriculture

0.2 ºC

Average global warming per decade

2/3 of the world's

population

belong to the middle class in 2030

2015: 14% of the

world's population

Implications for K+S

• Arable land shrinking
• Yield needs to be improved
• Higher efficiency of fertilization and irrigation needed
• Plants have to be more stress resistant
• Infrastructure needs to be improved
• • focus on renewable energy
• Growing population, especially in Asia, needs more salt for various purposes

Sources: United Nations, 2017; World Population Clock of the Deutsche Stiftung Weltbevölkerung (dated July 2022); "Global temperature change" from James Hansen et al. (September 25, 2006); World Water Report 2021 of the UNESCO; James Davies, Rodrigo Lluberas and Anthony Shorrocks, Credit Suisse Global Wealth Databook 2015

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Why use fertilizers?

"The Natural Laws of Husbandry", Justus von Liebig, 1863

"The growth and yield of a plant is limited by the nutrient available in the smallest amount."

▪ Plants need sunlight, water, and minerals to thrive.

▪ There are few soils on earth which have a sufficient content and availability of plant nutrients to achieve high yields over a longer period without fertilization.

▪ Potash is an indispensable addition to the natural nutrient content of arable soils.

▪ The deprivation of nutrients by harvesting and other factors must be compensated by balanced fertilization.

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Long-term key drivers for our fertilizer business

Less arable land - but more protein consumption per capita

1960	2010	2050
Global						Each year, an additional 80 million people needs to be fed -
population
					this equals the population of Germany.
development
3.0 billion		6.9 billion
				9.7 billion
Arable land					At the same time, the available arable land per capita will
per capita
				decrease.

4,300 m²

2,100 m²

1,800 m2

Protein per capita

60 g/day

80 g/day

130 g/day1

By 2050, an expanded world's population will consume two- thirds more animal protein than it does today.

In 2050, only roughly 25% of a soccer field will be available for a person's annual food supply - 80% of the future growth in agricultural commodity production will result from increases in yields. This is achieved through the use of balanced fertilization.

Source: UN, World Population Prospects, 2022 Revision, UNDP, 2013; FAOStat 2014; 1 FAO 2014 - Forecasts based on expected increase in animal protein

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Long-term demand drivers

Agriculture

Demand drivers

Arable land shrinking

Water scarcity

Increasing standard of living

Population growth

Economic growth and industrialization

Urbanization

Winter weather conditions

Infrastructure development

Industry &

Pharma

Consumers

Communities

Industry +

Global warming

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