Yeo Hiap Seng Ltd · SGX:Y03
Yeo Hiap Seng — Shareholder Meeting (April 2021)
51 slides from Yeo Hiap Seng's shareholder meeting presentation, Apr 29, 2021
Slide 1: Annual General Meeting Announcement Details
4/29/2021 Annual General Meeting::Voluntary Issuer & Securities Issuer/ Manager YEO HIAP SENG LTD Security YEO HIAP SENG LTD - SG1I10878425 - Y03 Announcement Details Announcement Title Annual General Meeting Date &Time of Broadcast 29-Apr-2021 17:32:53 Status New Announcement Reference SG210429MEET
Slide 2: Event Venue and Attachments
4/29/2021 Annual General Meeting::Voluntary Event Venue(s) Place Venue(s) Venue details Meeting Venue The 65th Annual General Meeting was held by way of electronic means on 29 April 2021. Attachments 01 AGM Results.pdf 02 AGM Presentation.pdf Total size =2632K MB https://links.sgx.com/1.0.0/corporat
Slide 3: Results of the Sixty-Fifth Annual General Meeting
YEO HIAP SENG LIMITED (Incorporated in Singapore) (Company Registration No. 195500138Z) RESULTS OF THE SIXTY-FIFTH ANNUAL GENERAL MEETING HELD BY ELECTRONIC MEANS ON 29 APRIL 2021 Yeo Hiap Seng Limited (the “Company”) is pleased to announce, pursuant to Rule 704(16) of the Listing Manual of the Sing
Slide 4: Poll Results (continued)
For Against As a As a percentage percentage Total number of total of total of shares number of number of represented votes for votes for by votes for and and and against against the against the Resolution number and details the relevant Number resolution Number resolution resolution of Shares (%) of
Slide 5: Statement pursuant to Rule 704(8) of the Listing Manual
Statement pursuant to Rule 704(8) of the Listing Manual Mr S. Chandra Das, who was re-elected as a Director of the Company, will remain as a member of the Audit & Risk Committee. The Board considers Mr Das to be independent for the purposes of Rule 704(8) of the Listing Manual of the SGX-ST. Mr Das
Slide 6: Annual General Meeting 29 April 2021
Annual General Meeting 29thApril 2021 Samuel Koh Group Chief Executive Officer
Slide 7: Agenda
Agenda 1. FY2020 Financial Highlights 2. Operational Milestones in FY2020 3. Purpose, Vision and Strategic Priorities 4. Outlook for FY2021
Slide 8: Despite Covid-19, H2 FY2020 improved compared to H1 FY2020
Despite Covid-19, H2 FY2020 improved compared to H1 FY2020 (FY2020 vs. FY2019 %) (FY2020 vs. FY2019 %) (S$ million) H1 H2 H1 H2 H1 H2 +0.1% (3.3) -8% (6.7) -13% -14% Yeo’s Core F&B Sales Total Sales Net Profit/ (Loss)
Slide 9: FY2020 Profit and Loss Statement
FY2020 Profit and Loss Statement S$ million FY2020 FY2019 YOY(S$’) YOY(%) • Revenue declined 10.3% due to impact of Covid-19 and lower sales of Revenue 321.9 358.7 (36.8) -10.3% agency products. Net Profit (10.0) 17.7 (27.7) -156.5% Net Profit % -3.1% 4.9% NA -8.0pp • Net loss of $10.0 million is lo
Slide 10: FY2020 Balance Sheet & Cash Flows Statement
FY2020 Balance Sheet & Cash Flows Statement S($’m) FY2020 FY2019 YOY(S$’) • Strong cash balance and no Balance Sheet borrowings will enable us to steer firmly through the pandemic and be in Cash and cash equivalent 264.2 295.8 (31.6) a position to invest for growth. Borrowings excluding lease liabil
Slide 11: Early Innings of Our Transformation Journey
Early Innings of Our Transformation Journey Double Digit Market Share Improvement China Market Growth Food Segment Growth New Innovation: Health & Brand Building Ecommerce Channel Growth Wellness, Design
Slide 12: Strategic Partnership with Oatly
Strategic Partnership with Oatly Business Times Process Area Filler
Slide 13: Serving Our Communities: Gave 1 Million Packs of Beverages
Serving Our Communities: Gave 1 Million Packs of Beverages
Slide 14: Looking Ahead
cs Looking Ahead
Slide 15: Our Purpose and Vision
Our Purpose: Nourishing every home with natural goodness across generations. Our Vision: To be the leading Asian company in bringing innovative food and beverage products with natural goodness to our consumers
Slide 16: Brewing New Recipes for F&B Growth
Brewing New Recipes for F&B Growth Business Times The Edge Channel News Asia
Slide 17: Our Strategic Priorities
Our Strategic Priorities 1. Growing Core Yeo’s Food and Beverage 2. Accelerating International Markets’ Growth 3. Optimising Portfolio and Driving Productivity 4. Building New Ventures and Strategic Partnerships
Slide 18: FY2021 Outlook
FY2021 Outlook • Headwinds from Covid-19, raw material/ freight price inflation and containers shortages • Focus on growing Core Yeo’s F&B • Clear roadmap and strong balance sheet to drive transformation and growth
Slide 19: AGM Questions and Answers
AGM Questions and Answers
Slide 20: Question #1: Plans for cash balances
Question #1- What plans does the Group have in relation to its cash balances to enhance shareholders’ returns?
Slide 21: Response #1
Response #1- The Group’s strong balance sheet has enabled us to weather the Covid-19 pandemic situation with resilience. At the same time, our balance sheet allows us to invest for long-term growth in our core food and beverage business. These investments include enhancing our supply chain infrastru
Slide 22: Question #2: Health and wellness products
QUESTION #2- With health and wellness being important considerations for consumers, what are the plans of the Company to serve these consumer needs in its food and beverage products?
Slide 23: Response #2
RESPONSE #2- We agree that health and wellness are important considerations for our consumers and that they are important drivers in our product strategy. For our Food portfolio, we will be launching products that will maintain the same authentic taste but with newer and heathier recipes. On the Bev
Slide 24: Ordinary Resolution 1
Ordinary Resolution 1 Adoption of Directors’ Statement, Audited Financial Statements and Auditors’ Report
Slide 25: Ordinary Resolution 1 Voting Results
Ordinary Resolution 1 Adoption of Directors’ Statement, Audited Financial Statements and Auditors’ Report 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995% 0.0
Slide 26: Ordinary Resolution 2
Ordinary Resolution 2 Declaration of final dividend
Slide 27: Ordinary Resolution 2 Voting Results
Ordinary Resolution 2 Declaration of final dividend 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,988,232 - Percentage 100.000% 0.000%
Slide 28: Ordinary Resolution 3
Ordinary Resolution 3 Approval of Directors’ fees
Slide 29: Ordinary Resolution 3 Voting Results
Ordinary Resolution 3 Approval of Directors’ fees 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995% 0.005%
Slide 30: Ordinary Resolution 4
Ordinary Resolution 4 Re-election of Mr. Ng Wing Kong Daryl as Director
Slide 31: Ordinary Resolution 4 Voting Results
Ordinary Resolution 4 Re-election of Mr. Ng Wing Kong Daryl as Director 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,983,153 5,079 Percentage 99.999% 0.001%
Slide 32: Ordinary Resolution 5
Ordinary Resolution 5 Re-election of Mr. S. Chandra Das as Director
Slide 33: Ordinary Resolution 5 Voting Results
Ordinary Resolution 5 Re-election of Mr. S. Chandra Das as Director 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995% 0.005%
Slide 34: Ordinary Resolution 6
Ordinary Resolution 6 Re-election of Mr. William Peter Adamopoulos as Director
Slide 35: Ordinary Resolution 6 Voting Results
Ordinary Resolution 6 Re-election of Mr. William Peter Adamopoulos as Director 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995% 0.005%
Slide 36: Ordinary Resolution 7
Ordinary Resolution 7 Re-election of Mr. Mohamad Halim Bin Merican as Director
Slide 37: Ordinary Resolution 7 Voting Results
Ordinary Resolution 7 Re-election of Mr. Mohamad Halim Bin Merican as Director 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995% 0.005%
Slide 38: Ordinary Resolution 8
Ordinary Resolution 8 Re-election of Mr. Jonathan James Yong Ze Ng as Director
Slide 39: Ordinary Resolution 8 Voting Results
Ordinary Resolution 8 Re-election of Mr. Jonathan James Yong Ze Ng as Director 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,983,153 5,079 Percentage 99.999% 0.001%
Slide 40: Ordinary Resolution 9
Ordinary Resolution 9 Re-appointment of KPMG LLP as Auditors and authority for the Directors to fix their remuneration
Slide 41: Ordinary Resolution 9 Voting Results
Ordinary Resolution 9 Re-appointment of KPMG LLP as Auditors and authority for the Directors to fix their remuneration 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentag
Slide 42: Ordinary Resolution 10
Ordinary Resolution 10 Approval of Share Issue Mandate
Slide 43: Ordinary Resolution 10 Voting Results
Ordinary Resolution 10 Approval of Share Issue Mandate 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,311,655 676,577 Percentage 99.843% 0.157%
Slide 44: Ordinary Resolution 11
Ordinary Resolution 11 Approval of Renewal of Share Purchase Mandate
Slide 45: Ordinary Resolution 11 Voting Results
Ordinary Resolution 11 Approval of Renewal of Share Purchase Mandate 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,988,232 - Percentage 100.000% 0.000%
Slide 46: Ordinary Resolution 12
Ordinary Resolution 12 Approval of Issue of Shares pursuant to the Yeo Hiap Seng Limited Scrip Dividend Scheme
Slide 47: Ordinary Resolution 12 Voting Results
Ordinary Resolution 12 Approval of Issue of Shares pursuant to the Yeo Hiap Seng Limited Scrip Dividend Scheme 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,968,032 20,200 Percentage 99.995
Slide 48: Ordinary Resolution 13
Ordinary Resolution 13 Adoption of Yeo Hiap Seng Limited Share Incentive Plan
Slide 49: Ordinary Resolution 13 Voting Results
Ordinary Resolution 13 Adoption of Yeo Hiap Seng Limited Share Incentive Plan 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,205,676 681,656 Percentage 99.842% 0.158%
Slide 50: Ordinary Resolution 14
Ordinary Resolution 14 Approval of grant of options with a discount feature under the Yeo Hiap Seng Limited Share Incentive Plan
Slide 51: Ordinary Resolution 14 Voting Results
Ordinary Resolution 14 Approval of grant of options with a discount feature under the Yeo Hiap Seng Limited Share Incentive Plan 450,000,000 400,000,000 350,000,000 300,000,000 Number of Votes 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - For Against Number of votes 430,205,676 681,65