Yeo Hiap Seng Ltd · SGX:Y03
Yeo Hiap Seng — Shareholder Meeting (April 2023)
34 slides from Yeo Hiap Seng's shareholder meeting presentation, Apr 28, 2023
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 28 April 2023
Slide 2: Important Notice
YEO HIAP SENG LIMITED Annual General Meeting . 2 Important Notice Information in this presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as
Slide 3: Agenda
YEO HIAP SENG LIMITED Annual General Meeting . 3 Agenda FY2022 Financial Highlights FY2022 Business Highlights Outlook for FY2023
Slide 4: Financial Highlights
Financial Highlights Annual General Meeting 28 April 2023
Slide 5: Group Revenue and Net Profit
YEO HIAP SENG LIMITED Annual General Meeting . 5 Group Revenue and Net Profit Group Revenue Rose 6% to $358.1 Million Net Profit Increased by $5.3 Million Y/Y S$ million FY2022 FY2021 Y/Y • Core Yeo’s F&B revenue grew at 4.7% Y/Y to Total Revenue 358.1 337.9 6.0% $318.5 million Core Yeo's F&B Revenu
Slide 6: Revenue by Key Markets
YEO HIAP SENG LIMITED Annual General Meeting . 6 Revenue by Key Markets Healthy Revenue Growth across Most Markets China Impacted by COVID Control • Home markets Malaysia and Singapore revenue grew 7.8% and 1.4% respectively (1) “China” includes Mainland China and Hong Kong SAR Y/Y from successful r
Slide 7: Strong Balance Sheet
YEO HIAP SENG LIMITED Annual General Meeting . 7 Strong Balance Sheet Cash & Cash Equivalents of $215.1 Million and Debt-Free as at 31 Dec 2022
Slide 8: Cash Flow
YEO HIAP SENG LIMITED Annual General Meeting . 8 CASH FLOW • Net cash inflow from operating activities of $7.4 million was mainly contributed by cash generated from operations offset by tax payments of $3.4 million. • Net cash outflow from investing activities was mainly due to purchase of and depos
Slide 9: Business Highlights
Business Highlights Annual General Meeting 28 April 2023
Slide 10: Business Highlights in 2022
YEO HIAP SENG LIMITED Annual General Meeting . 10 Business Highlights in 2022 Home Markets: Malaysia & Singapore Maintained Asian Drink Leadership Winning Partnership with Key Customers
Slide 11: Business Highlights in 2022
YEO HIAP SENG LIMITED Annual General Meeting . 11 Business Highlights in 2022 International Markets Delivered Broad Base Growth in 2022 in both Beverage and Food categories
Slide 12: Business Highlights in 2022
YEO HIAP SENG LIMITED Annual General Meeting . 12 Business Highlights in 2022 Growing consumptions in Key Festive Periods Leading Market Share in Malaysia and Singapore with in-store displays supported "Enjoy Goodness Worth Sharing" Chinese with meaningful Consumer campaigns New Year campaign during
Slide 13: Business Highlights in 2022
YEO HIAP SENG LIMITED Annual General Meeting . 13 Business Highlights in 2022 Reaching Younger Audiences to Build New Consumer Base Targeting Gen Z with core top-selling products across markets with relevant Digital Marketing initiatives
Slide 14: Business Highlights in 2022
YEO HIAP SENG LIMITED Annual General Meeting . 14 Business Highlights in 2022 New Products Launch Launch of Brown Sugar Soy Milk in Cambodia; Relaunch Sugar Cane Drink, Lychee Drink and Iced Lemon Tea in China
Slide 15: Serving our Communities
YEO HIAP SENG LIMITED Annual General Meeting . 15 Serving our Communities “A Million Cans to Build a Dream” Yeo’s and the Cambodian Children’s Fund built a new kindergarten in a former landfill, opening up possibilities for a better future in the underprivileged community.
Slide 16: Serving our Communities
YEO HIAP SENG LIMITED Annual General Meeting . 16 Serving our Communities Donations to Charitable Organisation and Disaster-stricken Communities Guangzhou, China Cianjur, West Java, Indonesia Product donations to the frontline workers during the Product donations during the 5.6 magnitude COVID-19 pa
Slide 17: Nurturing our Next Generation
YEO HIAP SENG LIMITED Annual General Meeting . 17 Nurturing our Next Generation 3-Year Partnership with World Champion: Maximilian Maeder to inspire youth around the world
Slide 18: Accolades & Corporate Governance Recognition
YEO HIAP SENG LIMITED Annual General Meeting . 18 Accolades & Corporate Governance Recognition Singapore Governance and Transparency SIAS Investors Choice Index 2022 (“SGTI”) Award 2022 Under the Singapore Governance and Transparency Index, YHS moved up to 49th position in 2022 (71st in 2021). SGTI
Slide 19: Outlook for FY2023
Outlook for FY2023 Annual General Meeting 28 April 2023
Slide 20: Our Strategic Directions
YEO HIAP SENG LIMITED Annual General Meeting . 20 Our Strategic Directions 1. Grow Core Yeo’s Food and Beverage Profitably via: • Refreshing the Brand to appeal to younger consumers • Operational discipline to create efficiency • Strengthening partnership with customers by executing with excellence
Slide 21: Our Strategic Directions
YEO HIAP SENG LIMITED Annual General Meeting . 21 Our Strategic Directions 2. Choiceful Investment to: • Rejuvenate manufacturing network • Develop new capabilities in digital marketing and route to market
Slide 22: Outlook for FY2023
YEO HIAP SENG LIMITED Annual General Meeting . 22 Outlook for FY2023 • Business environment to be marked by sustained high operating cost inflation, weakening consumer sentiments. • To continue to lay firm foundations by focusing on long term brand building. • To focus on driving core Yeo’s F&B top
Slide 23: Thank You
23 Thank You
Slide 24: Questions From Shareholders
24 Questions From Shareholders
Slide 25: Response to a question received from a shareholder prior to AGM
25 Response to a question received from a shareholder prior to AGM Question: How is the cash and cash equivalent managed in the Company? Is the management looking at investing them in short-term T-bills (treasury bills) to increase the interest income?
Slide 26: Question Response
YEO HIAP SENG LIMITED Annual General Meeting . 26 Question RESPONSE With a healthy cash balance and no borrowings, the Group is able to How is the cash and cash weather three years of the COVID-19 pandemic, while continuing to invest equivalent managed in in the long-term growth of our core food and
Slide 27: Live / Real-time Q&A
27 Live / Real-time Q&A
Slide 28: Live / Real-time Question & Answer Session
YEO HIAP SENG LIMITED Annual General Meeting . 28 LIVE / REAL-TIME QUESTION & ANSWER SESSION Shareholders may submit questions via the online chat function
Slide 29: Ordinary Resolutions
Ordinary Resolutions Annual General Meeting 28 April 2023
Slide 30: Ordinary Resolutions Live / Real-time Voting
30 Ordinary LIVE / REAL-TIME Resolutions VOTING
Slide 31: Ordinary Business
YEO HIAP SENG LIMITED Annual General Meeting . 31 Ordinary Business Ordinary Adoption of Directors' Statement, Audited Financial Resolution Statements and Auditors' Report 1 Ordinary Declaration of final dividend Resolution 2 Ordinary Approval of Directors' fees Resolution 3 Ordinary Re-election of
Slide 32: Ordinary Business (continue)
YEO HIAP SENG LIMITED Annual General Meeting . 32 Ordinary Business (continue) Ordinary Re-election of Mr Ong Kay Eng as Director Resolution 5 Ordinary Re-election of Mr Leung Yu Hin Eugene as Director Resolution 6 Ordinary Re-appointment of KPMG LLP as Auditors and authority Resolution for the Dire
Slide 33: Special Business
YEO HIAP SENG LIMITED Annual General Meeting . 33 Special Business Ordinary Approval of Share Issue Mandate Resolution 8 Ordinary Approval of renewal of Share Purchase Mandate Resolution 9 Ordinary Approval of issue of shares pursuant to the Resolution Yeo Hiap Seng Limited Share Incentive Plan 10 O
Slide 34: Thank You
34 Thank You Yeo Hiap Seng Limited Annual General Meeting As a token of appreciation, shareholders who registered for this virtual AGM will receive a goodie bag which will be sent to your address as shown on Yeo Hiap Seng Limited shareholders' list.