邦吉 2024年度报告

A letter from Gregory Heckman,Bunge CEO Dear Shareholders, In 2024, our team took important steps toward building astronger Bunge with an unwavering commitment togrowth and continuous improvement. We advanced keyinitiatives as we navigated a complex global environmentto deliver value to our stakeholders. the world. Two projects are under construction at our portcomplex in Destrehan, Louisiana – a barge unloader and acrush plant that will be capable of processing both soy andsoftseeds serving both domestic and export markets. As we continue to focus on our core business, we completedthe sale of our sugar and bioenergy joint venture in Brazil.This strategic decision streamlined our operations and as aresult, we were able to enhance our stock repurchaseprogram; along with dividends, we returned nearly $1.5billion to shareholders in 2024. Share buybacks will remainan important part of our capital allocation strategy movingforward. We are in the final stages of the regulatory approval processfor our business combination with Viterra. Teams from bothcompanies have been hard at work planning for theintegration to ensure our two key day one goals – safeoperations and business continuity. We look forward to theday when we can begin to realize the promise of thistransaction: using an enhanced geographical balance,increased access to more key origination markets and adiversified agriculture network covering all major crops toprovide solutions for farmers and consumers in anyenvironment. We are proud of what our team achieved, particularly in amarket environment that was more difficult than we’veexperienced in recent years. Industry margins in SouthAmerica were challenged throughout the oilseed and grainvalue chains, including our joint ventures. We also felt theimpact of a declining margin environment later in the year inNorth America from biofuel and trade uncertainty. We also expect to close soon on our acquisition of CJSelecta, a premier soy protein concentrate producer in Brazil,further solidifying our presence in this vital growth market. Inaddition, we recently finalized our innovative partnershipwith Repsol to develop lower-carbon intensity feedstocks.This collaboration represents a pivotal step towarddecarbonizing agriculture and the role we can play in theliquid fuels supply chain and builds on other successfulsustainability programs. Despite the challenges, our team consistently demonstrateda commitment to working as One Bunge, with aculture ofbelonging and engagement. This enabled us to draw on theunique perspectives of our global team todeliver on ourcore business, execute our biggest capital program everwhile planning for the integration of the largest transactionin our 200+ year history. We expanded our regenerative agriculture program in Braziland completed a commercial pilot season in the U.S. in ourefforts to provide lower-carbon solutions for farmers andend-customers. Working with our partners Corteva andChevron, farmers planted over 5,000 acres of winter canola inthe southern U.S. After a successful harvest, we havesignificantly increased acreage to 35,000 for this comingcrop year. We hope to build on these promising results tomeet consumers’ growing demand for energy, creating amore environmentally sustainable future – while drivingadditional revenue sources for farmers. As we look to 2025, the macro environment remainsuncertain. Geopolitical challenges with more balanced supplyand demand will require the agility and experience of theentire Bunge team to drive performance. We are confident inour team’s capability to continue to create value for ourshareholders as we support global food security by moreefficiently and sustainably delivering essential food, feed andfuel to the world. Thank you for your continued support.Sincerely, Growth also came through our continuous improvementefforts. We have been investing in our facilities to improvetheir efficiency. With those investments combined with ourBunge Production System, the industrial operations team setmore than 150 production records including crushing andrefining volumes at many plants while many also reducedunplanned downtime. While improving the plants of today, we are also building fortomorrow with several large-scale construction projects. Weopened a new multi-oil plant in India with another underconstruction in Europe. In the U.S., a soy protein concentrateplant will go online in 2025 and is expected to be the largestsingle line food SPC plant in UNITED STATES Washington, DC 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION13 OR15(d)OFTHE SECURITIESEXCHANGE ACT OF1934 TRANSITION REPORT PURSUANT TO SECTION13 OR15(d)OFTHE SECURITIESEXCHANGE ACT OF1934 (Registrant's telephone number, including area code)Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of th