VERBIO Vereinigte BioEnergie AG

Quarterly Report • May 14, 2024

Quarterly statement for the period ended March 31, 2024 (Q3 2023/2024)

Group key figures

[in EUR millions]

Results of operations	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Revenue	488.1	420.8	409.2	1,318.1
EBITDA	48.8	26.1	7.3	82.1
EBITDA margin (%)	10.0	6.2	1.8	6.2
EBIT	36.8	13.5	– 5.6	44.7
Net result for the period	21.8	0.8	– 10.9	11.7
Basic earnings per share (EUR)	0.34	0.02	– 0.18	0.18
Diluted earnings per share (EUR)	0.34	0.01	– 0.17	0.18

Operational statistics	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Production (tonnes)	283,983	286,718	290,961	861,662
Production (MWh)	243,187	275,945	281,004	800,136
Utilisation Biodiesel/Bioethanol (%) 1)	75.2	76.0	77.1	76.1
Utilisation Biomethane (%) 1)	49.1	55.8	56.8	53.9
Investments in property, plant and equipment	44.7	54.2	30.3	129.2
Number of employees 2)	1,337	1,376	1,367	1,367

Continued on next page

1) For the financial year 2023/2024 the annual production capacity of the production plants is as follows: Biodiesel: 710,000 tonnes (previously 660,000 tonnes); bioethanol: 800,000 tonnes (previously 342,000 tonnes); biomethane: 1,980 GWh (previously 1,300 GWh). The capacity increase for bioethanol is primarily a result of the acquisition of the South Bend plant in May 2023 and the growth project in Nevada.

Group key	Segment	Business report and	Consolidated profit	Consolidated	Consolidated state	Financial
figures	key figures	the Group's position	and loss account	balance sheet	ment of cash flows	calendar

Net asset position	30.09.2023	31.12.2023	31.03.2024
Net debt	– 10.1	13.6	55.0
Equity	945.8	929.0	916.4
Equity ratio (%)	72.6	69.3	68.4
Balance sheet total	1,303.2	1,340.9	1,339.3

Financial position	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Operating cash flow	19.3	34.1	15.5	68.9
Operating cash flow per share (EUR)	0.30	0.54	0.24	1.08
Cash and cash equivalents 1)	155.3	142.5	136.1	136.1

1) At the balance sheet date, includes amounts held in segregated accounts.

Group key figures

[in EUR millions]

Results of operations	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Revenue	592.2	485.5	443.6	1,521.3
EBITDA	121.4	48.9	43.2	213.5
EBITDA margin (%)	20.5	10.1	9.7	14.0
EBIT	111.9	39.2	33.6	184.7
Net result for the period	76.9	25.2	22.0	124.1
Basic earnings per share (EUR)	1.21	0.40	0.34	1.96
Diluted earnings per share (EUR)	1.21	0.39	0.34	1.95

Operational statistics	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Production (tonnes)	216,514	229,262	218,715	664,491
Production (MWh)	261,020	261,108	271,476	793,604
Utilisation Biodiesel/Bioethanol (%) 1)	90.2	95.5	91.1	92.3
Utilisation Biomethane (%) 1)	80.3	80.3	83.5	81.4
Investments in property, plant and equipment	42.9	52.0	35.8	130.7
Number of employees 2)	1,091	1,131	1,227	1,227

Continued on next page

1) For the financial year 2022/2023 the annual production capacity of the production plants was as follows: biodiesel: 660,000 tonnes (unchanged); bioethanol: 342,000 tonnes (previously 260,000 tonnes, SBE share included on a proportionate basis for the fourth quarter 2022/2023); biomethane: 1,300 GWh (previously 900 GWh).

Group key	Segment	Business report and	Consolidated profit	Consolidated	Consolidated state	Financial
figures	key figures	the Group's position	and loss account	balance sheet	ment of cash flows	calendar

Net asset position	30.09.2022	31.12.2022	31.03.2023
Net cash	261.9	177.5	121.3
Equity	889.3	881.6	891.8
Equity ratio (%)	72.0	74.0	73.8
Balance sheet total	1,234.7	1,191.5	1,208.1

Financial position	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Operating cash flow	– 44.2	– 36.5	21.3	– 59.4
Operating cash flow per share (EUR)	– 0.70	– 0.57	0.33	– 0.94
Cash and cash equivalents 1)	291.9	207.5	196.3	196.3

1) At the balance sheet date, includes amounts held in segregated accounts.

Segment key figures

[in EUR millions]

Biodiesel	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Revenue	322.8	250.1	217.8	790.7
EBITDA	44.9	29.3	11.4	85.6
EBIT	42.2	26.3	8.6	77.1
Production (tonnes)	161,291	160,553	161,274	483,118
Utilisation (%) 1)	90.9	90.5	90.9	90.7
Number of employees 2)	220	221	230	230

Bioethanol (incl. biomethane)	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Revenue	162.0	166.5	188.1	516.6
EBITDA	3.0	– 5.2	– 5.2	– 7.4
EBIT	– 5.2	– 13.7	– 14.0	– 32.9
Production (tonnes)	122,692	126,165	129,687	378,544
Production (MWh)	243,187	275,945	281,004	800,136
Utilisation Bioethanol (%) 1)	61.3	63.1	64.8	63.1
Utilisation Biomethane (%) 1)	49.1	55.8	56.8	53.9
Number of employees 2)	663	700	659	659

Other	Q1 2023/2024	Q2 2023/2024	Q3 2023/2024	9 M 2023/2024
Revenue	7.3	7.8	8.2	23.3
EBITDA	0.9	2.0	1.1	4.0

1) For the financial year 2023/2024 the annual production capacity of the production plants is as follows:

Biodiesel: 710,000 tonnes (previously 660,000 tonnes); bioethanol: 800,000 tonnes (previously 342,000 tonnes); biomethane: 1,980 GWh (previously 1,300 GWh). The capacity increase for bioethanol is primarily a result of the acquisition of the South Bend plant in May 2023 and the growth project in Nevada.

Segment key figures

[in EUR millions]

Biodiesel	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Revenue	435.4	357.4	308.2	1,101.0
EBITDA	91.5	47.0	24.5	163.0
EBIT	88.9	44.5	22.1	155.5
Production (tonnes)	145,124	157,969	153,149	456,242
Utilisation (%) 1)	88.0	95.7	92.8	92.2
Number of employees 2)	219	211	216	216
Bioethanol (incl. biomethane)	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Revenue	152.8	123.3	133.8	409.9
EBITDA	28.9	1.7	17.5	48.1
EBIT	22.6	– 4.8	11.2	29.0
Production (tonnes)	71,390	71,293	65,566	208,249

Production (MWh)	261,020	261,108	271,476	793,604
Utilisation Bioethanol (%) 1)	95.2	95.1	87.4	92.6
Utilisation Biomethane (%) 1)	80.3	80.3	83.5	81.4
Number of employees 2)	591	559	625	625

Other	Q1 2022/2023	Q2 2022/2023	Q3 2022/2023	9 M 2022/2023
Revenue	7.5	7.0	6.3	20.8
EBITDA	1.1	0.2	1.1	2.4

1) For the financial year 2022/2023 the annual production capacity of the production plants was as follows:

biodiesel: 660,000 tonnes (unchanged); bioethanol: 342,000 tonnes (previously 260,000 tonnes, SBE share included on a proportionate basis for the fourth quarter 2022/2023).

Group key figures

key figures Business report and the Group's position Consolidated profit and loss account

Consolidated statement of cash flows Consolidated balance sheet

Financial calendar

Business report and the Group's position

The production volume of biodiesel and bioethanol in the period from July 1, 2023 to March 31, 2024 totalled 861,662 tonnes, compared with 664,491 tonnes in the same period in the previous year. The increased production volumes are due to efficiency improvements in Europe, and to the inclusion of South Bend Ethanol (SBE) in the Group's consolidated reporting. In addition, at 800.1 GWh the volume of biomethane produced in the first nine months of the financial year 2023/2024 once again represented an increase in the production volume compared to the previous year (9 M 2022/2023: 793.6 GWh).

Segment

Results of operations

Despite increased production and sales volumes, Group revenue in the first nine months fell by 13 percent to EUR 1,318.1 million (9 M 2022/2023: EUR 1,521.3 million) on a year-on-year basis, primarily due to the lower level of sales prices for core products. Group revenues in the third quarter totalled EUR 409.2 million (Q3 2022/2023: EUR 443.6 million), 8 percent below the previous year's level.

Verbio SE reports significantly lower earnings for the first nine months of the financial year 2023/2024 compared to the same period in the previous year. As expected, in the third quarter of 2023/2024 it was not yet possible to reverse the downward trend seen in the second quarter. In the third quarter of 2023/2024 EBITDA was EUR 7.3 million, a decrease of 83 percent compared to the comparative period in the previous year (2022/2023: EUR 43.2 million).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the nine-month period amounted to EUR 82.1 million, 62 percent lower than in the comparative period in the previous year (9 M 2022/2023: EUR 213.5 million).

The Group result before taxes and interest (EBIT) totalled EUR 44.7 million (9 M 2022/2023: EUR 184.7 million). The net result for the period amounted to EUR 11.7 million (9 M 2022/2023: EUR 124.1 million). Based on the result for the period, basic earnings per share amounted to EUR 0.18 (9 M 2022/2023: EUR 1.96).

Further information is presented in the detailed comments on the individual segments.

Net assets and financial position

Assets and liabilities

The balance sheet total at March 31, 2024 amounted to EUR 1,339.3 million, representing an increase of EUR 42.1 million compared to June 30, 2023 (EUR 1,297.2 million).

On the assets side of the balance sheet, the major change of note was the increase in non-current assets. The increase in non-current assets (EUR 763.4 million; June 30, 2023: EUR 670.4 million) primarily reflects the ongoing high levels of investment activity undertaken by the Group in the current financial year. Offsetting this is a decline in current assets compared to June 30, 2023 of EUR 50.9 million, falling from EUR 626.8 million to EUR 575.9 million, primarily due to the lower level of cash funds (EUR 111.2 million; June 30, 2023: EUR 170.3 million).

The equity and liabilities side of the balance sheet includes equity of EUR 916.4 million (June 30, 2023: EUR 911.8 million), representing approximately 68.4 percent (June 30, 2023: 70.3 percent) of the balance sheet total. Non-current liabilities increased compared to the June 30, 2023 year end (March 31, 2024: EUR 192.1 million; June 30, 2023: EUR 142.9 million) as a result of drawdowns on the medium term lines of credit. Within current liabilities, there has been a decrease in loans in particular compared to the June 30, 2023 year end (March 31, 2024: EUR 25.0 million; June 30, 2023: EUR 47.5 million), while there has been an offsetting increase in the other current financial liabilities (EUR 57.8 million; June 30, 2023:

Group key figures Segment key figures

Business report and the Group's position

EUR 42.7 million). As a result there has been an overall decrease in current liabilities compared to the June 30, 2023 year end, from EUR 242.5 million to EUR 230.8 million.

Cash flows

The cash flow from operating activities in the first nine months of the financial year 2023/2024 was significantly higher than in the previous year, and amounted to EUR 68.9 million (9 M 2022/2023: EUR – 59.4 million). The increase compared to the previous year, despite the lower result for the period, was primarily due to the effect on cash funds of the large increase in inventories in the previous year, while in the current financial year inventories are largely unchanged. In addition, the operating cash flow in the first nine months of the financial year is also affected by significantly lower tax payments (9 M 2023/2024: EUR 39.9 million; 9 M 2022/2023: EUR 135.6 million).

Driven by cash outflows from investment activities in the first nine months of 2023/2024, the Group reports total cash outflows of EUR 135.9 million (9 M 2022/2023: EUR 134.9 million). In the current financial year, the investments primarily reflect payments made for investments in property, plant and equipment (EUR 136.0 million; 9 M 2022/2023: EUR 134.6 million).

The cash flow from financing activities totalled EUR 7.8 million (9 M 2022/2023: EUR 27.2 million). Of this, EUR 12.7 million resulted from the payment of the dividend for the previous financial year (9 M 2022/2023: EUR 12.7 million). Net cash inflows from drawdowns of financial liabilities in the current financial year totalled EUR 27.5 million (9 M 2022/2023: EUR 45.0 million). In both periods cash outflows also include payments for the redemption of lease liabilities (9 M 2023/2024: EUR 7.0 million; 9 M 2022/2023: EUR 5.1 million).

As a result of the above, cash and cash equivalents decreased by a total of EUR 59.2 million in the period from July 1, 2023 to March 31, 2024. The balance of cash and cash equivalents reported in the balance sheet at March 31, 2024 amounted to EUR 111.2 million. In addition, Verbio has further cash resources in the form of lines of credit, the availability of which has been approved for the medium term, totalling EUR 175.0 million.

Consolidated balance sheet

Net debt

Consolidated profit and loss account

The Group's bank and loan financing arrangements of EUR 191.1 million are offset by cash and cash equivalents and cash held in segregated accounts totalling EUR 136.1 million, so that the reported net debt at March 31, 2024 amounted to EUR 55.0 million (June 30, 2023: EUR – 57.4 million).

Development of the Biodiesel, Bioethanol and Other segments

Financial calendar

Consolidated statement of cash flows

Revenue trends in the Biodiesel segment in the third quarter of the current financial year 2023/2024 (EUR 217.8 million) compared to the third quarter of 2022/2023 (EUR 308.2 million) were primarily driven by the sharp decline in biodiesel and GHG quota sales prices in Europe, while sales volumes remained stable. In addition, the manner in which purchase and sales contracts for the production volumes in Canada have been structured since December 2023 means that in economic terms they are treated as a processing contract, which has led to a change in the presentation of sales revenues and thus to a significant reduction in revenues compared to the same period of the previous year. The decline in earnings despite attractive purchase prices for vegetable oil is primarily due to the hedging of good biodiesel margins for the fourth quarter of 2023/2024, as well as higher maintenance costs and personnel expenses. Excluding the effect of unrealised commodity forward transactions, the EBITDA for the third quarter would have been EUR 21.1 million.

It was possible to increase revenue to EUR 188.1 million (Q3 2022/2023: EUR 133.8 million) in the Bioethanol segment despite declining prices for bioethanol and GHG quotas in Europe. This was primarily driven by increased sales volumes, among other things as a result of the acquisition of the South Bend ethanol plant in May 2023. Although procurement prices for grain also fell significantly, the impact on earnings was outweighed by lower sales prices. In addition, start-up costs for Verbio's growth projects in the USA and significantly lower income from GHG quotas compared to the same period of the previous year had a negative impact on earnings. As a result, Verbio generated an EBITDA of EUR – 5.2 million in the third quarter (Q3 2022/2023: EUR 17.5 million).

Group key figures Segment key figures Business report and the Group's position

Outlook, opportunity and risk report

Outlook report

On the publication of the annual report for the financial year 2022/2023 on September 26, 2023, an expected EBITDA in the range of EUR 200 million to EUR 250 million was communicated for the financial year 2023/2024, with net debt at the end of the financial year 2023/2024 forecast to be in the range of EUR 110 million to EUR 150 million. A downward correction of this forecast was communicated in an ad hoc announcement on January 15, 2024. The revised forecast for the current financial year 2023/2024 is for an EBITDA in the range of EUR 120 million to EUR 150 million, and net debt in the range of EUR 145 million to EUR 175 million. The primary reason for the adjustment to the forecast in January was the unexpected and sustained pressure on ethanol and GHG quota prices, particularly due to the massive volume of questionable imports of advanced biodiesel from Asia in 2023. The Management Board has indicated that the EBITDA is likely to be at the lower end of the range indicated.

Risk and opportunity report

Consolidated profit and loss account

There have been no changes to the opportunities and risks presented in the 2022/2023 annual report. Please refer to the forecast report for further information concerning the adjustment of the forecast already made as a result of the prolonged risk in connection with imports of advanced biodiesel from Asia. Further, there have been no significant changes in the risks and opportunities profile of the Verbio Group during the reporting period. At the current time there are no identifiable risks that could threaten the ability of Verbio and its subsidiaries to continue as a going concern.

Consolidated balance sheet

Consolidated statement of cash flows

Financial calendar

Consolidated profit and loss account

Consolidated statement of cash flows Consolidated balance sheet

Financial calendar

Consolidated profit and loss account

for the period from July 1, 2023 to March 31, 2024

EUR (thousands)	Q3 2023/2024	Q3 2022/2023	9 M 2023/2024	9 M 2022/2023
1. Revenue (including energy taxes collected)	412,631	444,038	1,324,621	1,522,228
less: energy taxes	– 3,391	– 410	– 6,497	– 940
Revenue	409,240	443,628	1,318,124	1,521,288
2. Changes in inventories of finished goods and work in progress	– 22,396	7,587	– 10,454	51,303
3. Own work capitalised	1,303	1,074	4,537	3,938
4. Other operating income	2,411	1,916	6,550	7,442
5. Raw material and consumables used	– 321,640	– 377,189	– 1,067,609	– 1,266,039
6. Employee benefit expense	– 25,949	– 20,227	– 78,500	– 59,613
7. Other operating expenses	– 29,875	– 17,067	– 80,588	– 52,604
8. Changes in the value of financial assets and liabilities	2,211	– 84	– 291	– 2,916
9. Result from commodity forward contracts	– 8,051	3,532	– 9,624	10,694
10. EBITDA	7,254	43,170	82,145	213,493
11. Depreciation, amortisation and impairment of non-current assets	– 12,793	– 9,607	– 37,400	– 28,810
12. Operating result (EBIT)	– 5,539	33,563	44,745	184,683
13. Finance income	184	1,211	504	1,813
14. Finance costs	– 3,343	– 362	– 8,305	– 811
15. Financial result	– 3,159	849	– 7,801	1,002
16. Result before tax	– 8,698	34,412	36,944	185,685
17. Income tax expense	– 2,219	– 12,369	– 25,288	– 61,539
18. Net result for the period	– 10,917	22,043	11,656	124,146
Result attributable to shareholders of the parent company	– 11,162	22,030	11,444	124,243
Result attributable to non-controlling interests	245	13	212	– 97
Basic earnings per share (EUR)	– 0.18	0.34	0.18	1.96
Diluted earnings per share (EUR)	– 0.17	0.34	0.18	1.95

Financial calendar

Consolidated balance sheet

at March 31, 2024

EUR (thousands)	31.03.2024	30.06.2023
Assets
A. Non-current assets
I. Intangible assets	1,269	940
II. Property, plant and equipment	691,367	594,982
III. Right-of-use assets under leasing arrangements	28,703	27,350
IV. Financial assets	1,920	1,920
V. Other assets	36,234	42,029
VI. Deferred tax assets	3,871	3,212
Total non-current assets	763,364	670,433
B. Current assets
I. Inventories	259,691	260,278
II. Trade receivables	100,723	89,763
III. Derivatives	8,142	8,839
IV. Other current financial assets	30,117	66,706
V. Current tax receivables	17,755	9,494
VI. Other current assets	48,339	21,368
VII. Cash and cash equivalents	111,159	170,306
Total current assets	575,926	626,754
Total assets	1,339,290	1,297,187

Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account

Consolidated statement of cash flows Financial calendar Consolidated balance sheet

EUR (thousands)		31.03.2024	30.06.2023
	Equity and liabilities
A.	Equity
I.	Share capital	63,517	63,517
II.	Capital reserve	502,878	501,540
III.	Retained earnings	339,319	340,605
IV.	Reserve for cash flow hedges	1,402	– 1,592
V.	Translation reserve	6,749	5,401
Total equity attributable to owners of the parent		913,865	909,471
VI.	Non-controlling interests	2,571	2,356
Total equity		916,436	911,827

B. Non-current liabilities

	Total non-current liabilities		142,886
VI.	Deferred tax liabilities	2,528	6,453
V.	Other non-current financial liabilities	223	224
IV.	Investment grants	487	619
III.	Non-current provisions	216	167
II.	Lease liabilities	22,477	20,923
I.	Borrowings	166,162	114,500

Continued on next page

Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account

Consolidated statement of cash flows Financial calendar Consolidated balance sheet

	EUR (thousands)	31.03.2024	30.06.2023
C.	Current liabilities
I.	Borrowings	25,015	47,518
II.	Lease liabilities	7,017	7,028
III.	Trade payables	114,143	106,538
IV.	Derivatives	11,449	12,731
V.	Other current financial liabilities	57,791	42,718
VI.	Current tax payable	1,759	1,983
VII.	Current provisions	3,786	2,329
VIII.	Investment grants	284	734
IX.	Other current liabilities	9,517	20,895
Total current liabilities		230,761	242,474

Total equity and liabilities 1,339,290 1,297,187

Consolidated statement of cash flows

for the period from July 1, 2023 to March 31, 2024

EUR (thousands)	9 M 2023/2024	9 M 2022/2023
Net result for the period	11,656	124,145
Income tax expense	25,288	61,539
Financial result	7,801	– 1,002
Depreciation and amortisation	37,400	28,810
Non-cash expenses for share-based remuneration	1,338	1,338
Non-cash expenses and income	3,129	– 3,128
Gain on disposal of property, plant and equipment	– 21	– 141
Release of investment grants	– 583	– 610
Non-cash changes in derivative financial instruments	3,260	8,647
Decrease (previous year: increase) in inventories	587	– 95,286
Increase in trade receivables	– 10,960	– 5,778
Decrease (previous year: increase) in other assets and other current financial assets	15,407	– 73,072
Increase (previous year: decrease) in provisions	1,501	– 501
Increase in trade payables	14,199	6,273
Increase in other current financial and non-financial liabilities	4,256	23,697
Interest paid	– 5,974	– 533
Interest received	504	1,813
Income taxes paid	– 39,888	– 135,615
Cash flows from operating activities	68,900	– 59,404

Continued on next page

Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account

Cash funds at the end of the period comprise the following:

Consolidated statement of cash flows Consolidated balance sheet

Financial calendar

EUR (thousands)	9 M 2023/2024	9 M 2022/2023
Acquisition of intangible assets	– 627	– 118
Acquisition of plant, property and equipment	– 135,960	– 134,615
Proceeds from disposals of property, plant and equipment	650	596
Cash outflows for other investments	0	– 733
Cash flows from investing activities	– 135,937	– 134,870
Dividends paid	– 12,703	– 12,679
Repayment of borrowings	– 127,500	0
Proceeds from borrowings	155,016	45,000
Payment of lease liabilities	– 6,963	– 5,141
Cash flows from financing activities	7,850	27,180
Net change in cash funds	– 59,187	– 167,094
Change in cash funds due to the effects of exchange rates	40	– 1,620
Cash funds at the beginning of the period	170,306	299,612

Cash funds at the end of the period 111,159 130,898

Cash and cash equivalents 111,159 130,898 Cash funds at the end of the period 111,159 130,898 Group key figures Segment key figures Consolidated profit and loss account

Consolidated statement of cash flows Consolidated balance sheet

Financial calendar

Financial calendar

May 14, 2024	Quarterly statement for the period ended March 31, 2024 (Q3 2023/2024)
September 26, 2024	Annual report 2023/2024 for the year ended June 30, 2024 (FY 2023/2024) Financial statement press and analysts' conference
November 12, 2024	Quarterly statement for the period ended September 30, 2024 (Q1 2024/2025)
December 6, 2024	Annual general meeting 2024
February 12, 2025	Half-year interim report for the period ended December 31, 2024 (H1 2024/2025)
May 13, 2025	Quarterly statement for the period ended March 31, 2025 (Q3 2024/2025)
September 25, 2025	Annual report 2024/2025 for the year ended June 30, 2025 (FY 2024/2025) Financial statement press and analysts' conference

Forward-looking statements

This quarterly statement includes various statements concerning forecasts, expectations and information that relate to the future development of the Verbio Group and Verbio SE. These statements are based on assumptions and estimates and may be associated with known and unknown risks and uncertainties. Actual developments and results, as well as the financial and asset position, may therefore differ significantly from the expressed expectations and assumptions. Such differences may be due, among other things, to market fluctuations, changes in worldwide market prices for raw materials as well as financial markets and exchange rates, changes in national and international laws and directives, or fundamental changes in the economic and political climate. Verbio does not intend to and does not undertake an obligation to update or revise any forward-looking statements to adapt them to events or developments after the publication of this quarterly statement.

This quarterly statement is published in German (original version) and in English (non-binding translation). It is available for download in both languages on the internet at https://www.verbio.de.

Further information material about Verbio SE is available on request. Telephone: +49 341 308530-0 Email: ir@verbio.de

Imprint

Publisher/editor Verbio SE

Contact

Verbio SE Ritterstraße 23 (Oelßner's Hof) 04109 Leipzig Telephone: +49 341 308530-0 www.verbio.de