Outlook
Key Facts

At a glance

Here you will find the most important financial facts about our company. These include our key financial figures, the outlook for the current business year, and the key figures for agriculture and industry+ customer segments.

K+S key facts¹

The K+S key facts contain an overview of the financial figures for the past five years. The figures relate to the continuing and discontinued operations of the K+S Group, unless otherwise indicated.

    2021 2020 2019 2018 2017
Profit and Loss
Revenues m€ 3,213.1 3,698.4 4,070.7 4,039.1 3,627.0
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2 m€ 969.1 444.8 640.4 606.3 576.7 
EBITDA-Margin % 30.2 12.0 15.7 15.0 15.9 
Depreciation 3 m€ 292.5 404.9 431.9 379.1 305.9 
Group earnings, adjusted 4 m€ 2,221.3 -1,802.5 77.8 85.4 145.0 
Earnings per share, adjusted 4 11.61 -9.42 0.41 0.45 0.76 
Cash flow
Operating cash flow m€ 347.2 428.5 639.8 308.7 306.8 
Capital expenditure 5 m€ 334.3 526.0 493.3 443.2 810.8 
Adjusted free cash flow m€ 92.7 -42.2 139.7 -206.3 -389.8 
Balance sheet
Balance sheet total m€ 8,736.2 8,387.4 10,592.2 9,966.2 9,754.4 
Equity m€ 5,297.4 2,222.6 4,495.1 4,144.1 4,160.7 
Equity ratio % 60.6 26.5 42.4 41.6 42.7 
Net debt as of Dec. 31 6 m€ 606.3 3,217.4 3,116.6 3,241.5 2,974.1 
Debt ratio (Net financial liabilities/EBITDA) 6 x-times 0.6 7.2 4.9 5.3 5.2 
Working capital m€ 647.4 747.4 1,037.9 1,126.7 968.1 
Return on Capital Employed (ROCE) % 41.3 -22.8 2.3 2.6 3.2 
Employees
Employees as of Dec. 31 7 number 10,711 14,732 14,868 14,931 14,793 
Average number of employees 7 number 10,776 14,758 14,693 14,904 14.654 
Share
Book value per share 27.7 11.6 23.5 21.7 21.7 
Dividend per share 8 0.20 0.00 0.04 0.25 0.35 
Dividend yield 8 % 1.0 0.0 1.3 1.6 1.7 
Closing price as of Dec. 31 XETRA,€ 15.19 7.79 11.12 15.72 20.76 
Market capitalization b € 2.9 1.5 2.1 3.0 4.0 
Enterprise value as of Dec. 31 b € 4.7 6.1 6.7 7.4 8.1 
Average number of shares 9 million 191.40 191.40 191.40 191.40 191.40 

1 The figures relate to the continuing and discontinued operations of the K+S Group for the years 2012 to 2020. For the For the year 2021, the figures relate to the continuing operations of the K+S Group.
2 EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, adjusted for the amount of depreciation and amortization recognized directly in equity relating to own work capitalized, the result of
changes in the fair value of operating forecast hedges still outstanding, and changes in the fair value of operating anticipatory hedges recognized in prior periods. A reconciliation can be found on page 52 of the Annual Report 2021.
3 Relates to depreciation and amortization of property, plant, and equipment and intangible assets, adjusted for the amount of depreciation and amortization recognized directly in equity relating to own work capitalized.
4 The adjusted key figures include the result from operating anticipatory hedging transactions in the respective reporting period; effects from changes in the fair value of hedging transactions are eliminated. The effects
on deferred and cash taxes are also adjusted; tax rate 2021: 30.2% (2020: 30.1%).
5 Relates to cash-effective investments in property, plant, and equipment and intangible assets, taking into account reimbursement claims arising from claims management, excluding lease additions in accordance with IFRS 16. The first-time application was effective as of January 01, 2019.
6 As of January 1, 2019, includes lease liabilities explicitly resulting from finance lease contracts concluded.
7 FTE: Full-time equivalents; part-time positions are weighted according to their respective share of working hours.
8 In 2019, the proposed dividend was adjusted from the previous €0.15 to the minimum dividend to maintain eligibility for funding by KfW. In 2021, the figure corresponds to the dividend proposal.
9 Total number of shares less the average number of treasury shares held by K+S.

Key figures of the business segments

Key figures for the Agriculture business segment

The figures relate to the continuing operations of the K+S Group.

We help farmers secure the world's food supply.

            Q2/2021 Q3/2021 Q4/2021 FY/2021 Q1/2022 Q2/2022
Revenues € million 473.7 529.1 800.3 2,272.1 944.1 1,244.2
Sales volumes million tonnes 1.89 1.76 1.96 7.62 1.79 1.87
Revenues by region              
  Revenues Europe € million 202.1 200.5 302.9 956.1 349.9 543.0
  Revenues overseas USD million  327.5 387.4 568.7 1,546.7 666.5 746.5
Sales by region              
 Sales Europe million tonnes 0.77 0.69 0.80 3.23 0.76 0.84
 Sales overseas million tonnes 1.12 1.07 1.16 4.39 1.03 1.03
Key figures of the business segments

Key figures for the Industry+ business segment

The figures relate to the continuing operations of the K+S Group.

We offer solutions that keep industries running.

    Q2/2021 Q3/2021 Q4/2021 FY/2021 Q1/2022 Q2/2022
Revenues € million 190.5 217.2 269.1 941.0 268.2 265.7
Sales volumes million tonnes 1.53 1.73 2.22 7.91 1.83 1.47
thereof de-icing million tonnes 0.29 0.65 0.89 3.18 0.61 0.31
Outlook

Our outlook for 2022

Development of forecasts for the whole year: Expected earnings development, financial position and planned capital expenditure of the continuing operations of the K+S Group.

    ACTUAL 2021 Forecast in 2021 Annual Report Forecast Q1/2022 Forecast Q2/2022
K+S Group 
EBITDA1 € million 969;
thereof 219
REKS (one-off)
1,600 to
1,900
2,300 to 2,600 excl.
gas shortage
2,300 to 2,600 incl. gas shortage
Capital expenditure2 €  million 334.3 ~ 400 a good 400 a good 400
Group earnings after tax, adjusted, excl. impairment effects3 € million 525.0 strong increase strong increase strong
increase
Adjusted free cash flow €  million 92.7 600 to 800 1,000 to 1,2004 excl.
gas shortage
1,000 to 1,2004 incl.
gas shortage
ROCE, excl. impairment effects % 11.2 strong increase strong increase strong
increase
Average EUR/USD spot rate EUR/USD exchange rate
for remaining months
1.18 1.16 1.16 1.05
Sales volumes customer Segment Agriculture million tonnes 7.6 a good 7.7 a good 7.7 around 7.5
Average price customer Segment Agriculture €/t 298 strong increase
compared to FY 2021
strong increase
compared to FY 2021
strong increase
compared to FY 2021;
H2 moderately
above Q2/2022 (664)
Sales volumes de-icing salt million tonnes 3.2 a good 2.0 just under 2.0 a good 2.0

1 EBITDA is defined as earnings before income taxes, interest, depreciation and amortization, adjusted for the amount of depreciation and amortization recognized directly in equity in connection with own work capitalized, the result of fluctuations in the fair value of operating forecast hedges still outstanding, and changes in the fair value of realized operating forecast hedges recognized in prior periods.
2 Relates to cash payments for investments in property, plant, and equipment and intangible assets, excluding leases in accordance with IFRS 16.
3 The adjusted key figures include the gains/losses from operating forecast hedges for the respective reporting period; effects from fluctuations in the fair value of hedges are eliminated. The effects on defered and cash taxes are also adjusted; tax rate 2021: 30.2%.
4 Taking into account the one-off effect from the almost full repayment of factoring and the purchase of CO2 certificates totaling around €230 million, the expected adjusted free cash flow should range between €770 million and €970 million.

Contact

Investor Relations

Bock julia.bock@k-plus-s.com
Julia Bock
Head of Investor Relations
Frost nathalie.frost@k-plus-s.com
Nathalie Frost
Investor Relations Manager