Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2015)
20 slides from Wilmar International's shareholder meeting presentation, Apr 24, 2015
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 24 April 2015
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 Segments - Update 2 2014 Financials 3 Prospects 4 AGM 2
Slide 4: 1. Business Segments - Update
1. Business Segments - Update By Ho Kiam Kong Chief Financial Officer 3
Slide 5: Vertically Integrated Across Business Segments
Vertically Integrated Across Business Segments Plantations Consumer and Palm & Laurics Oilseeds & Grains Sugar Others Products Palm Oil Mills Largest global Largest soybean One of the largest processor and crusher in China with Largest raw sugar World’s largest listed palm merchandiser of leading br
Slide 6: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Oleochemicals • Commissioned a state of art Fatty Alcohol Plant in Rotterdam • Acquired and successfully integrated Huntsman Corporation’s European commodity surfactant business. • Expanded range of Specialty Chemicals products • Acquired Nexsol (Malaysia) Sdn Bh
Slide 7: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Flour Milling • Three new plants in China – Sichuan, Shandong, Heilongjiang • One new plant in Riau, Indonesia Consumer • Acquired Goodman Fielder via a 50:50 joint venture with First Products Pacific Company Limited. Acquisition completed in March 2015. • Closer
Slide 8: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Sugar • Acquired a strategic stake in Mumbai-based Shree Renuka Sugars Limited • Formed joint venture with Great Wall Food Stuff Industry Company Limited in Myanmar to produce and sell sugar and its by-products New Markets • Entered the Ethiopian market via a joi
Slide 9: Wilmar in Africa Today
Wilmar in Africa Today • Present in 13 countries • > 4,000 employees • > 59,000 ha of oil palm planted area • Top producer of consumer pack oils 8
Slide 10: Recognised for its Leading Brands and Quality Products
Recognised for its Leading Brands and Quality Products China: • No. 1 in Sales of Cooking Oil and Rice recently awarded by China Industrial Information Center Arawana • Most Trusted Consumer Brand of Cooking Oil and Rice recently awarded by China Industrial Information Center China: • No. 1 in Sales
Slide 11: Corporate awards in 2014
Corporate awards in 2014 Fortune Global 500 (ranked 239th) Fortune Magazine Forbes Global 2000 (ranked 316th) Forbes Magazine Most Improved Company 2013-2014 in the Agricultural Products Carbon Disclosure Project Sector for Corporate Action on Deforestation Top 100 Singapore Brands (ranked 3
Slide 12: 2. 2014 Financials
2. 2014 Financials 11
Slide 13: 2014 Results at a Glance
2014 Results at a Glance Net Profit US$ 1.16 billion (12.3%) Core Net Profit US$ 1.22 billion (6.4%) Total Revenue US$ 43.08 billion (2.3%) EBITDA US$ 2.15 billion (11.6%) Earnings per share US$ 0.181 (12.1%) Dividends per share S$ 0.075 (6.3%) Net Debt/Equity 0.78x vs 0.83X Net Cash Flow from US$1.
Slide 14: Key Segment Results
Key Segment Results US$ Millions unless 2014 2013 2012 otherwise stated Volume (M MT) 1.9 1.8 1.9 Plantations and Revenue 1,508 1,432 1,728 Palm Oil Mills PBT (excluding Revaluation 389.1 278.3 382.0 of Biological Assets) Volume (M MT) 24.6 24.5 23.1 Palm and Laurics Revenue 20,268 19,926 22,748 PBT
Slide 15: Biological Assets and Biological Gain
Biological Assets and Biological Gain • Carrying value of biological assets at Dec 31, 2014: US$1.86 billion (including fair value gains/(losses) in biological assets) • Total land hectarage: 238,287 ha1 58% of our matured plantation is between 4 to 14 years. • Average value per hectare: approximate
Slide 16: Cash Flow Highlights
Cash Flow Highlights US$ million FY14 FY13 Operating cash flow before working capital changes 1,844 2,449 Net cash flow from operating activities 1,973 1,614 Less: Investment in subsidiaries and associates (220) (362) Capital expenditure (1,093) (1,376) Net (decrease)/ increase from bank borrowings*
Slide 17: Strong Liquidity Profile and Access to Liquidity
Strong Liquidity Profile and Access to Liquidity US$ m Total Credit 17,356 24,618 31,044 35,770 41,785 38,021 Facilities: - Short Term 799 1,007 640 794 1,076 1,161 - Trade Finance 15,196 19,841 24,986 25,597 30,739 25,503 - Committed 1,361 3,770 5,418 9,379 9,970 11,358 26,196 22,245 404 22,362 20,
Slide 18: 3. Business Outlook
3. Business Outlook 17
Slide 19: Business Outlook
Business Outlook • While lower palm, crude oil and sugar prices will negatively impact our plantation, palm biodiesel and sugar milling segments, our processing and downstream businesses should benefit from lower feedstock costs, providing a further boost to the trend of stable volume growth and mar
Slide 20: 4. AGM
4. AGM 19
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