Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2023)
28 slides from Wilmar International's shareholder meeting presentation, Apr 20, 2023
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 20 April 2023
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 2022 Financials 2 Business Developments 3 Central Kitchen Food Park in China 4 Wilmar in India 5 ESG Initiatives 2
Slide 4: 1. 2022 Financials
1. 2022 Financials By Charles Loo Cheau Leong Chief Financial Officer 3
Slide 5: 2022 Results at a Glance
2022 Results at a Glance vs 2021 Total Revenue US$ 73.40 billion 12% EBITDA US$ 4.73 billion 13% Net Profit US$ 2.40 billion 27% Core Net Profit US$ 2.42 billion 31% Earnings per share (fully diluted) US$ 0.383 28% Dividends per share S$ 0.170 10% Net Debt/Equity 0.94x 0.87x 4
Slide 6: Vertically Integrated Across Business Segments
Vertically Integrated Across Business Segments
Slide 7: Key Segment Results
Key Segment Results US$ million unless otherwise stated 2022 2021 Volume (M MT) 29.1 28.3 Food Products Revenue 31,516.4 29,508.1 (Consumer Products, Medium Pack and Bulk) PBT 723.5 680.9 Volume (M MT) 55.6 55.0 Feed and Industrial Products Revenue 44,545.6 38,894.5 (Tropical Oils, Oilseeds and Grai
Slide 8: Cash Flow Highlights
Cash Flow Highlights US$ million FY2022 FY2021 Operating cash flow before working capital changes 3,951 3,994 Add/(less): Changes in working capital, interest (paid)/received and (1,903) (4,039) income taxes paid Acquisitions of subsidiaries, joint ventures and associates (141) (81) Capital expendit
Slide 9: Asset Growth Supported by Equity
Asset Growth Supported by Equity In US$ million 50,000 45,000 40,000 35,000 22,600.6 30,000 25,000 20,000 15,000 8,181.5 24,516.6 10,000 5,000 7,882.1 0 FY2007 FY2022 Total Long-term Assets* Total Equity *includes property, plant and equipment, intangibles, investment in associates/joint ventures, b
Slide 10: CAPEX – Funded Internally
CAPEX – Funded Internally US$ million FY2022 FY2021 FY2020 FY2019 FY2018 EBITDA 4,734 4,172 3,609 3,024 2,937 Less: net tax paid (685) (687) (407) (247) (388) Less: net interest paid (471) (266) (213) (450) (253) Less: dividend (ordinary) (803) (741) (699) (555) (532) Less: special dividend - (309)
Slide 11: Funding and Liquidity
Funding and Liquidity US$ million 31 Dec 2022 31 Dec 2021 Liquid working capital 12,662 11,889 Cash & bank balances (current) 5,722 6,342 Structured deposits 3,585 3,197 21,969 21,428 Total short-term borrowings 23,435 22,292 As at Dec 31, 2022 US$ million Available Utilised Balance Credit facilitie
Slide 12: 2. Business Developments
2. Business Developments 11
Slide 13: Business Developments
Business Developments Development Highlights Food Products China: • Continuing on our growth plan, adding new edible oil refinery, crushing plant, flour and rice mills as well as oil, flour and rice packing plants in existing and new sites. • Our Central Kitchen Food Park project is making good prog
Slide 14: Business Developments
Business Developments Development Highlights Food Products • In South Africa, the construction of a new edible oil refinery and packing plant is underway and expected to be completed in phases this year. • Adding new margarine plant in Ghana. Feed and Industrial Products • In Malaysia, the expansion
Slide 15: Business Developments
Business Developments Development Highlights Plantation and Sugar Milling • We expanded our fertiliser manufacturing capacities in Indonesia. Oil Palm Plantation Joint Ventures and • Continued to improve and expand our African operations, adding new margarine plants in Associates Zimbabwe and Ivory
Slide 16: Recognised for its Leading Brands and Quality Products
Recognised for its Leading Brands and Quality Products China: • 中国粮油最具影响力品牌 by 粮油市场报 Arawana • 中国品牌力指数SM（C-BPI®）食用油和大米品牌排行榜榜首 by 中国品牌评级与品牌顾问机构Chnbrand • 年度消费口碑品牌 by 深圳商务局与南方都市报 • 2022中国食品饮料业上市公司品牌价值榜TOP50排名第三 by 每日经济新闻与中企万博（集团）公司 Indonesia: • Superbrand Indonesia 2022 (Cooking Oil Category) by Super
Slide 17: 3. Central Kitchen Food Park in China
3. Central Kitchen Food Park in China 16
Slide 18: Central Kitchen Food Park in China
Central Kitchen Food Park in China • An important new extension of our value chain and complements our existing businesses. • We will adopt an open approach so that we can attract a broad tenant mix and bring together strategic ingredients suppliers, other food manufacturers and service providers. 1
Slide 19: Central Kitchen Food Park in China - Locations
Central Kitchen Food Park in China - Locations • Three projects, in Hangzhou (Zhejiang province), Zhoukou (Henan province) and Chongqing, have commenced operations in 2022, while another one in Xingping (Shaanxi province) began operations in January 2023. • Another two food parks in Langfang (Hebei
Slide 20: Central Kitchen Food Park in China
Central Kitchen Food Park in China • Hangzhou food park is the official caterer and fruits and vegetables processing centre for the 2023 Hangzhou Asian Games. • In Zhoukou, student meals form the base demand for our own central kitchen. Central Kitchen Food Park in Hangzhou • We have also formed a j
Slide 21: 4. Wilmar in India
4. Wilmar in India 20
Slide 22: Wilmar in India
WILMAR IN INDIA EDIBLE SUGAR OIL REFINER REFINER ONE OF THE LARGEST LEADING ETHANOL PRODUCERS OILSEED CRUSHER fad CONSUMER PACK SPECIALTY FATS EDIBLE OILS MANUFACTURER MANUFACTURER MANUFACTURER OF DTEOCHEBICALS MORE THAN MANUFACTURER LEADING CONSUMER 4,000 EMPLOYEES 21 SUGAR BRAND MADHUR
Slide 23: Wilmar's Presence in India through AWL and SRSL
Wilmar’s Presence in India through Adani Wilmar Limited (AWL) and Shree Renuka Sugars Limited (SRSL) 22
Slide 24: Trusted Brands
Trusted Brands • AWL’s flagship brand “Fortune” is the top edible oil brand in India. The premium brand is trusted for its consistency, quality, dependability and superior cooking outcomes. • In addition, AWL owns a number of masstige brands like Bullet, King’s, Aadhar, Raag, Alpha, Jubilee, Avsar,
Slide 25: 5. ESG Initiatives
5. ESG Initiatives 24
Slide 26: Our Sustainability Progress
Our Sustainability Progress • Following Wilmar’s commitment made collectively with 13 other leading agricultural trading and processing companies in 2021 to develop a sectoral roadmap for enhanced supply chain action consistent with a 1.5°C pathway, we worked with our peers to complete a roadmap tha
Slide 27: Our Sustainability Progress
Our Sustainability Progress • We are encouraged that our efforts and achievements in this space have been reflected in our sustainability credentials: Maintained inclusion in the Dow Jones Sustainability World Index (DJSI World) Retained inclusion in the FTSE4Good Developed and ASEAN 5 Index R
Slide 28: Thank you
Thank you
Wilmar International — Shareholder Meeting (April 2023) on 6ix