Wilmar International Limited · SGX:F34
Wilmar International — Investor Presentation (January 2012)
33 slides from Wilmar International's investor presentation, Jan 9, 2012
Slide 1: Wilmar International Limited Investor Presentation
WILMAR INTERNATIONAL LIMITED INVESTOR PRESENTATION 9 JANUARY 2012 BY HO KIAM KONG CHIEF FINANCIAL OFFICER 1
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 Who We Are 2 Key Investment Considerations 3 Business Segment Overview 4 Financial Profile 5 Conclusion 6 Q&A
Slide 4: Who We Are
Who We Are 4
Slide 5: Today's Leading Agribusiness Group in Asia
Today’s Leading Agribusiness Group in Asia • World’s largest processor and merchandiser of palm & lauric oils – Largest in edibles oils refining and fractionation, oleochemicals, specialty fats & Leading share in palm biodiesel current operations • Approx. 35% global market share in palm oil process
Slide 6: Key Milestones
Key Milestones 1991 • Started as a palm oil trading company 2006 • Listed on the Singapore Exchange (SGX) • Transformational merger with Kuok Group to form Asia’s leading 2007 agribusiness group • Headquartered in Singapore and 5 business segments Today • Among the top 5 largest companies listed on
Slide 7: Known for its Quality Products
Known for its Quality Products China: • American Corning 2010 Product Innovation Award • Best Selling Brand in 2010 Arawana • Sole food and grain supplier for the Shenzhen World University Games 2011 • Gold Medal at the 9th China Rice Expo in 2010 Indonesia: Sania • Super Brand 2010 & 2011 Sania Roy
Slide 8: Testaments of Corporate Excellence
Testaments of Corporate Excellence Wilmar is honoured to be conferred the following awards: • Singapore 1000 Net Profit Excellence Award (Commerce – Wholesale) 2011 • Singapore International 100 Overseas DP Info, supported by ACRA, IE Sales/Turnover Excellence Award (First place Singapore, SPRING, I
Slide 9: Commitment to Corporate Social Responsibility
Commitment to Corporate Social Responsibility Wilmar is committed to the production and use of products in a sustainable manner based on economic, social and environmental viability The Group is guided by its internal environmental policies which comprise: Adhering to RSPO Principles and Criteria Co
Slide 10: Growing with the local communities
Growing with the local communities Wilmar believes that its business success can only be achieved if the local communities in which it operates grow in tandem. The Group’s internal social development policies cover: Improving community and social relations Protection of human rights Corporate philan
Slide 11: Key Investment Considerations
Key Investment Considerations 11
Slide 12: Key Investment Considerations
Key Investment Considerations 1 Resilient Integrated Agribusiness Model 2 Major Presence in Key Producing and Consuming Countries 3 Experienced Management Team 4 Well Capitalised with Strong Financials
Slide 13: Resilient Integrated Agribusiness Model
1 Resilient Integrated Agribusiness Model Information flows / Visibility across value chain Origination Processing Products Merchandising Customers & Distribution Finance / Risk management / Logistics coordination • Origination • Processing • Products • Merchandising & - Planting - Milling, crushing
Slide 14: Major Presence in Key Producing and Consuming Countries
2 Major Presence in Key Producing and Consuming Countries One of the largest plantation owners with extensive manufacturing facilities in Indonesia and Malaysia – two key palm oil producers in the world Extensive manufacturing presence and distribution network in key consuming countries and regions
Slide 15: Major Presence in Key Producing and Consuming Countries
2 Major Presence in Key Producing and Consuming Countries
Slide 16: Experienced Management Team
3 Experienced Management Team Proven track record of identifying and developing business opportunities, operating in various economic cycles and adapting to local market conditions Experienced merchandising team backed by a strong ability to manage commodity, customer and currency risks A technical
Slide 17: Experienced Management Team
3 Experienced Management Team • In charge of overall management with particular focus on new business development Kuok Khoon Hong • Extensive experience in the industry and is involved in the grains, edible oils and oilseeds businesses since 1973 Co-founder, Chairman & CEO • Has held several key exe
Slide 18: Well-Capitalised with Strong Financials
4 Well-Capitalised with Strong Financials Key Figures Shareholders’ funds of US$12.8 billion* Total assets of US$39.9 billion* Leveraged with a net debt to equity of 0.96x. Adjusted debt to equity ratio is at 0.42x.* * As at 30 Sep 2011 Market capitalisation of about US$25.0 billion (or S$32.0 billi
Slide 19: Business Segment Overview
Business Segment Overview 19
Slide 20: Wilmar's 5 Key Business Segments
Wilmar’s 5 Key Business Segments 1 Plantations & Palm Oil Mills 2 Merchandising and Processing – Palm & Laurics 3 Merchandising and Processing – Oilseeds & Grains 4 Consumer Products 5 Sugar – Milling & Refining
Slide 21: Segment 1: Plantations & Palm Oil Mills
Segment 1: Plantations & Palm Oil Mills • One of the largest oil palm plantation owners in Indonesia and Malaysia • Also owns plantations in Ghana, and through joint ventures in Uganda and West Africa • As at 30 Sep 2011, the Group had a total of 248,110 hectares of planted area in Indonesia, Malays
Slide 22: Segment 2: Merchandising & Processing
Segment 2: Merchandising & Processing Palm & Laurics • Largest global processor and merchandiser of palm and lauric oils • Processes raw materials such as crude palm oil and crude palm kernel oil into bulk edible oils, biodiesel, oleochemicals and specialty fats • Owns and operates a number of strat
Slide 23: Segment 3: Merchandising & Processing
Segment 3: Merchandising & Processing Oilseeds & Grains • One of the largest oilseeds and edible oils processors in China and, through its joint ventures, owns processing plants in India and Russia • Crushes oilseeds such as soybean, rapeseed, groundnut, sunflower seed, sesame seed and cottonseed in
Slide 24: Segment 4: Consumer Products
Segment 4: Consumer Products • Wilmar blends, packs and markets edible oil products under its own portfolio of brands in three of the most populous countries in the world – China, India and Indonesia • In China, Wilmar has leveraged on its leading edible oil brands and expanded into the manufacture
Slide 25: Segment 5: Sugar
Segment 5: Sugar • Expanded into the sugar business in 2010 through the acquisition of Sucrogen Limited in Australia, one of the world’s largest sugar companies, and PT Jawamanis Rafinasi, a leading sugar refiner in Indonesia • Acquired PT Duta Sugar International in Indonesia and Proserpine Sugar M
Slide 26: Financial Profile
Financial Profile 26
Slide 27: Financial Profile
Financial Profile Revenue and Net Profit (US$ million)
Slide 28: Financial Profile
Financial Profile As at 30 Sep or 31 Dec 9M 2011 9M 2010 FY 2010 FY 2009 FY 2008 Income Statement (US$ million) Revenue 33,191 21,289 30,378 23,885 29,145 EBITDA 1,941 1,477 2,033 2,590 2,230 Profit Before Tax 1,403 1,215 1,644 2,294 1,789 Net Profit 1,101 1,005 1,324 1,882 1,531 Cash Flow (US$ mill
Slide 29: Financial Profile
Financial Profile Current Credit Metrics 9M11 9M10 FY10 FY09 FY08 Net Gearing 0.96 0.57 0.90 0.41 0.25 Adjusted Net Gearing 0.42 0.19 0.38 0.06 0.10 Net Borrowings to Capitalisation 0.49 0.36 0.47 0.29 0.20 Net Debt to EBITDA 6.3 4.4 5.2 1.7 1.1 Interest Coverage 7.0 30.7 23.0 52.8 7.6 Net gearing i
Slide 30: Conclusion
Conclusion 30
Slide 31: Key Investment Considerations
Key Investment Considerations 1 Resilient Integrated Agribusiness Model 2 Major Presence in Key Producing and Consuming Countries 3 Experienced Management Team 4 Well Capitalised with Strong Financials
Slide 32: Q&A Session
Q&A Session 32
Slide 33: Thank You
THANK YOU a wilmar
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