Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2013)
19 slides from Wilmar International's shareholder meeting presentation, Apr 25, 2013
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 25 April 2013 BY HO KIAM KONG CHIEF FINANCIAL OFFICER
Slide 2: Important Notice
IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may cha
Slide 3: Agenda
Agenda 1 Business Update: What has changed since last AGM? 2 Financial Performance in 2012 3 Our Financial Profile 4 Prospects 2
Slide 4: 1. Business Update: What has changed since last AGM?
1. Business Update: What has changed since last AGM? 3
Slide 5: Continue to invest in the Business Segments
Continue to invest in the Business Segments Refinery • Expanded our palm refining capacity in Indonesia as well as commissioned two palm oil refineries in Ghana and Nigeria • In the USA, acquired Gavilon, LLC’s 50% interest in Wilmar Gavilon, LLC and renamed Wilmar Oils & Fats (Stockton) Specialty F
Slide 6: Continue to invest in the Business Segments
Continue to invest in the Business Segments Develop Oil • Formed Joint Venture with Noble to develop oil palm plantation Plantations Palm opportunities in Papua and Palm Oil Plantations • Acquired 30,000 ha of abandoned Plantation in Nigeria and started to Mills redevelop for oil palm New • Acquired
Slide 7: Our Quality Products are being recognized
Our Quality Products are being recognized China: • Gold Award at the 12th China International Agricultural Products and Technology Arawana Exhibition • 2012 Annual Food Industry Social Contribution Award Indonesia: • 4-Star Quality Product Sania • Super Brand 2010 – 2012 Sovia • Peduli Gizi Award fo
Slide 8: We have been conferred the following Corporate awards
We have been conferred the following Corporate awards World’s Most Admired Company 2012 & 2013 (First place Fortune Magazine ranking in Food Production Industry) Fortune Global 500 in 2012 (ranked 223rd) Global 500 Brands (ranked 353rd globally, 2nd in Singapore) BrandFinance® Forbes Global
Slide 9: Leading Market Position in Each Product and Location
Leading Market Position in Each Product and Location Main Countries of Market leader in Key Operating Markets Operation • No. 1 global processor and merchandiser of palm and lauric oils Plantations, • No. 1 palm biodiesel, oleochemicals and specialty fats manufacturer in the world Palm & • One of th
Slide 10: Increasing Global Reach
Increasing Global Reach Vertically integrated agribusiness with leading market shares and major presence in key producing and consuming markets World’s largest processor and merchandiser of palm & lauric oils Largest in edible oils refining and fractionation, oleochemicals, specialty fats & palm bio
Slide 11: Remain fully committed to Corporate Social Responsibility
Remain fully committed to Corporate Social Responsibility The Group is guided by its internal environmental policies which comprise: Adhering to RSPO Principles and Criteria Compliance to all national regulations when clearing forest land for plantations No-burn policy Adopting internationally recog
Slide 12: 2. Financial Performance in 2012
2. Financial Performance in 2012 11
Slide 13: 2012 Results at a glance
2012 Results at a glance Net Profit US$ 1.26 billion 21.6% Total Revenue US$ 45.5 billion 1.7% EBITDA US$ 2.41 billion 13.7% Earnings per share 19.6 US cents 21.6% Total Assets US$ 41.92 billion 5.8% Shareholders’ Funds US$ 14.35 billion 7.3% Dividends S$ 0.05 per share 18.0% 12
Slide 14: Key Segment Results
Key Segment Results US$ Millions unless otherwise 2012 2011 2010 stated Volume (M MT) 1.91 1.78 1.60 Plantations and Palm Oil Revenue 1,728 1,843 1,485 Mills PBT (excluding Revaluation of 382.0 471.1 384.8 Biological Assets) Volume (M MT) 23.1 20.3 20.8 Palm and Laurics Revenue 22,748 22,917 16,821
Slide 15: 3. Our Financial Profile
3. Our Financial Profile 14
Slide 16: Robust Financial and Liquidity Profile
Robust Financial and Liquidity Profile Leading size and scale of operation supported by well-managed leverage ratios Total Revenue (US$ m) Total Assets (US$ m) EBITDA / Net Interest Expense Net Debt / Equity1 1Net Debt = Total Debt less Cash (including StructuredDeposits and fixed deposits pledged w
Slide 17: Strong Liquidity Profile and Access to Liquidity has been Maintained Over Time
Strong Liquidity Profile and Access to Liquidity has been Maintained Over Time US$ m Total Utilised and Unutilised 6,993 11,339 17,356 24,618 31,044 35,770 Credit Facilities: % Utilized: 72% 47% 55% 71% 67% 62% Utilised Credit Facilities: Cash & Cash 445 1,104 827 400 1,280 1,528 Equivalents: Total
Slide 18: 4. Prospects
4. Prospects 17
Slide 19: Prospects
Prospects Our integrated business model has proven its resilience amidst the challenging business climate in 2012. We will strengthen our business model across the entire value chain by expanding our upstream, midstream and downstream operations. We will continue to extend our footprint beyond tradi
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