EQS-Adhoc: BayWa AG: Second draft restructuring report confirms restructuring feasibility based on the specified transformation concept

The restructuring expert commissioned by BayWa AG in July 2024 confirms in his second draft of the restructuring report the feasibility of restructuring BayWa AG based on a now available, specified transformation concept of BayWa AG.
The transformation concept provides for organisational streamlining and numerous operational cost-cutting measures as well as the sale of certain key, particularly international, affiliated companies while continuing the four core business areas of Agri Trade & Service, Construction, Energy and Agricultural Equipment. The restructuring report also assumes that a rights issue capital increase will be carried out in the coming year to strengthen liquidity.
The funds released or generated by the proposed measures are intended to strengthen liquidity for operational business activities and to reduce financial liabilities. The draft report assumes that, after the transformation phase, which is scheduled to run until 31 December 2027, the equity ratio will have improved substantially and the company will generate normal market earnings.
Negotiations with the financing partners and other key stakeholders continue to be constructive. On the basis of this second draft report, the Board of Management assumes that it will be possible to reach a final commercial agreement with the financing partners and other key stakeholders on the contractual documentation of the restructuring solution and the long-term reorganisation of the financing by the end of 2027.
The final restructuring report and completion of the recapitalisation is planned by the beginning of Q2/2025 at the latest.

Contact:
Dr. Frank Herkenhoff, BayWa AG, Head of Corporate Communications,
Tel. 0 89/92 22-36 80, E-mail: frank.herkenhoff@baywa.de

Josko Radeljic, BayWa AG, Head of Investor Relations,
Tel. 0 89/92 22-38 87, E-mail: josko.radeljic@baywa.de