Olam Group Limited · SGX:VC2
Olam — Olam Group Ltd Basis Eg — H1 2026 Earnings Presentation
47 slides from Olam's earnings presentation, Aug 15, 2026
Slide 1: H1 2026 Results Briefing
H1 2026 Results Briefing AUGUST 14, 2026 | Singapore
Slide 2: Presenters
Presenters Shekhar Anantharaman Venkataraman Gautam Wadhwa Executive Director Krishnan CEO Olam Group Limited Group CFO OGH CEO, ofi Olam Group Limited 2 Olam Group Limited Results for the Half Year ended June 30, 2026 | August 14, 2026
Slide 3: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements This presentation and announcement entitled “H1 2026 Results Briefing” may contain statements regarding the business of Olam Group Limited and its subsidiaries (“the Group”) that are of a forward-looking nature and are therefore based on management’s ass
Slide 4: Contents
CONTENTS 01 Key highlights 02 Operating groups highlights Re-organisation update and changes to presentation 03 of financial results 04 Group H1 2026 financial highlights 05 Key takeaways 4 Olam Group Limited Results for the Half Year ended June 30, 2026 | August 14, 2026
Slide 5: Key highlights
O01. | Key highlights
Slide 6: Key highlights
Key highlights S$1.75 B S$1.9 B PATMI Total gains from two major Improved operating performance 7 cents milestones of the 2025 Re- Total dividend per share and stronger balance sheet organisation Plan Olam Agri Continuing businesses (ofi and OGH) 1 cent interim ordinary dividend Tranche 1 of the sal
Slide 7: Operating groups highlights
02 Operating groups highlights 7
Slide 8: About ofi
ati woke i real About ofi
Slide 9: Recap: What brings ofi together
Recap: What brings ofi together Confectionery Integrated platforms combining a strong Beverages Culinary Global Sourcing network and delivering value- Spice Coco added Ingredients & Bakery s a Solutions to customers Snacking Categories Sharing common Channels Be the change Nuts for good food Coffe C
Slide 10: A look-back at the last 5 years
A look-back at the last 5 years… Unprecedented, compounding events that fundamentally reshaped the sector... Covid-19 & Russia/Ukraine Rapid Inflation Volatile Geopolitics & trade barriers have Recovery War & Energy & Interest Rate commodity reshaped global supply & demand Price Hike Hikes Markets d
Slide 11: 2022 - 2025: ofi performance
2022 - 2025: ofi performance Adj EBIT Invested Capital S$ Million (Earnings Before Interest and Tax, adjusted for one-off costs) S$ Million Ingredients & Solutions Global Sourcing Working Capital Fixed Capital +12.7% CAGR +10.7% CAGR 1,071 1,070 17,361 15,645 829 747 11,546 11,754 758 736 11,492 9,8
Slide 12: What we do
What we do We source, process and deliver food ingredients & solutions to our customers globally….. that are good for consumers, farmers and the world around us….. F&B Cocoa Coffee Nuts Spices Dairy solutions Source Process Deliver Trace* Innovate Integration at Scale Global Sourcing Ingredients Sol
Slide 13: Who we serve
Who we serve We serve large, attractive and growing end-use categories… Bakery Beverages Chocolate & Dairy & Desserts Savory & Culinary Snacking Confectionery ..across a deep and diversified customer base. Consumer Food service / Private label E-commerce / packaged goods quick service small & medium
Slide 14: Where we do it
Where we do it We are present around the world …..and around the corner…… We’re renowned for 1 1 leveraging our global network and 22 21 3 4 local knowledge – in both producing 3 3 countries & Processing 1 5 1 19 destination markets, 2 1 1 2 3 9 1 1 1 Sourcing 2 3 1 6 4 to offer a secure supply of t
Slide 15: Looking ahead: Resilience, focus and agility matter more than ever
Looking ahead: Resilience, focus and agility matter more than ever Macro, consumer and technology trends are reshaping supply chains and customer needs Volatility & geopolitics ofi’s approach Commodity price volatility, trade barriers and geopolitical ✓ Simplify and focus the portfolio with uncertai
Slide 16: ofi H1 2026 results
H1 2026 results ofi
Slide 17: H1 2026 context
H1 2026 context Volatility remained elevated across commodity price, rates, energy and geopolitics; ofi remained focused on capital efficiency, disciplined growth and supply chain resilience Cocoa, Coffee Middle East shock Rates remain Energy & inflation EUDR / traceability markets rebalance, & frei
Slide 18: ofi H1 2026 results
ofi H1 2026 results S$ Million S$ Million EBIT Invested Capital -4.9% Global Sourcing 536 510 Ingredients & Solutions -18.3% 33% 37% 16,968 13,861 36% 31% 67% 63% 64% 69% H1 2025 H1 2026 Jun-25 Jun-26 EBIT/MT (S$) 326 317 -4.9% Adjusted EBIT (S$) 555 528 • Invested capital reduced by 18.3% year-on-y
Slide 19: ofi: Global Sourcing
ofi: Global Sourcing S$ Million S$ Million EBIT +7.2% Invested Capital -28.2% Working Capital 190 6,031 178 Fixed Capital 4,330 4,204 2,590 1,827 1,740 H1 2025 H1 2026 Jun-25 Jun-26 EBIT/MT (S$) 133 169 +6.9% Adjusted EBIT (S$) 178 190 • Global Sourcing segment prioritized risk-adjusted returns and
Slide 20: ofi: Ingredients & Solutions
ofi: Ingredients & Solutions S$ Million S$ Million EBIT Invested Capital -10.8% Working Capital -12.8% 358 Fixed Capital 10,937 320 9,531 6,887 5,301 4,050 4,230 H1 2025 H1 2026 Jun-25 Jun-26 EBIT/MT (S$) 539 453 -10.5% Adjusted EBIT (S$) 377 337 • EBIT declined 10.8% against a strong H1 2025 compar
Slide 21: Key takeaways
Key takeaways Growing earnings & returns while navigating near term volatility 01 A resilient H1 2026 performance: stable EBIT and EBIT margins, despite substantially lower input prices and capital deployment 02 Improved capital efficiency, strong cash generation and higher net earnings Expect uncer
Slide 22: OGH H1 2026 Results
AA Olam OGH 1 °Q (Hi 2026 Results) « - |.
Slide 23: OGH overview
OGH overview Key assets Assets and Businesses already exited Largest fully RSPO certified palm Olam Palm Gabon Enterprise technology and digital 1 (OPG: 60%) plantation in Africa, with 63,000 Ha planted area, three mills and Mindsprint 100% business services arm. Completed sale to Wipro in May 2026.
Slide 24: OGH H1 2026 results
OGH H1 2026 results S$ Million S$ Million EBIT Invested Capital 156 Working Capital +10.6% Fixed Capital 2,844 2,572 130 433 2,442 2,411 -55 H1 2025 H1 2026 Jun-25 Restated Jun-26 • Adjusting for the H1 2025 foreign exchange gain, OGH’s EBIT was • IC was up 10.6% or S$272.6 million year-on-year to S
Slide 25: Group H1 2026 highlights
02 Group H1 2026 highlights 25
Slide 26: Continuing operations at a glance
Continuing operations at a glance | H1 2026 vs H1 2025 Re-presented Volume & Revenue PATMI EBIT¹ 2.0 M MT S$12.5 B S$55.6 M S$455.0 M -9.6% -18.3% -66.1% -34.2% Free Cash Flow to Equity Operational PATMI¹ Gearing +S$1.7 B S$64.4 M From 2.09x to +S$2.6 B -61.5% 0.93x Note: 1. Excludes exceptional ite
Slide 27: Sales volume down 9.6% mainly on Jiva closure
Continuing operations H1 2026 results | Sales volume down 9.6% mainly on Jiva closure Volume growth by operating group ('000 MT) -9.6% 2,218 -34 2,006 -178 H1 2025 ofi OGH H1 2026 27 Olam Group Limited Results for the Half Year ended June 30, 2026 | August 14, 2026
Slide 28: Core operating profit declined 10% after adjusting for one-off forex gain
Continuing operations H1 2026 results | Core operating profit declined 10% after adjusting for one-off forex gain in H1 2025 EBIT¹ by operating group (S$ million) -34.2% 692 -26 -24 455 -187 H1 2025 Re- ofi OGH recurring OGH non-recurring H1 2026 presented Note. 1. EBIT excludes exceptional items. O
Slide 29: Operational PATMI at S$64.4 million
Continuing operations H1 2026 results | Operational PATMI at S$64.4 million, an increase of S$84.7 million over H1 2025 after adjusting for one-off forex gain Operational PATMI from continuing operations (S$ million) -61.5% 167 -50 136 12 64 -14 -187 H1 2025 Re- EBIT Recurring^ EBIT non- Net Finance
Slide 30: Re-organisation update and changes to presentation of financial highlights
Re-organisation update | changes to the presentation of financial highlights Olam Agri: Following completion of the sale of a 44.58% stake to SALIC on April 27, 2026, Olam Agri ceased to be a subsidiary and is now held as an 18.19%¹ interest classified as held for sale. The transaction generated a o
Slide 31: Consolidated H1 2026 Results | Profit & Loss
Consolidated H1 2026 Results | Profit & Loss H1 2025 S$ million H1 2026 Change (%) Re-presented Highlights Volume ('000 MT) 2,006.2 2,218.4 (9.6) • Significant increase in PATMI due to total one- off gain of S$1.75 billion comprising gains Revenue 12,466.1 15,253.4 (18.3) from the disposal of 44.58%
Slide 32: Net gearing at 0.93x
Consolidated H1 2026 results | Net gearing at 0.93x Invested capital decreased 14.5% or S$2.8 billion Invested Capital (IC, S$ million) Gearing (times) Net gearing -14.5% Adjusted net gearing 19,539 2.09 16,705 1.87 Working Capital Fixed Capital 11,221 8,324 0.92 0.93 0.55 8,318 8,381 0.12 Jun-25 Re
Slide 33: Free cash flow | Strong, positive FCFE at S$1.7 billion
Free cash flow | Strong, positive FCFE at S$1.7 billion Free Cash Flow to Equity (FCFE) (S$ million) +2,610 226 1,665 785 2,237 72 -945 -710 H1 2025 Operating Changes in Tax Paid Net Capex / Net Interest H1 2026 Cash Flow Working Investments / Paid (before Capital Divestments Interest & Tax) Net Ope
Slide 34: Sufficient liquidity with diversified pools of capital
Sufficient liquidity with diversified pools of capital Total borrowings and available liquidity (S$ million) as at June 30, 2026 Short-Term Long-Term 6,753 16,734 +5,575 11,159 7,345 358 6,163 2,278 4,996 Cash and RMI Secured Unutilised Available Total Short-term Receivables Bank Lines Liquidity Bor
Slide 35: Key takeaways
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Slide 36: Unlocking value for future growth
Unlocking value for future growth ofi to drive value by Successful divestment of A less complex, more focused and integration at-scale Olam Agri and Mindsprint financially stronger Focus on simplifying the portfolio, Continued focus on executing 2025 Re- Olam Group strengthening core businesses and
Slide 37: Appendix
06 Appendix 37
Slide 38: Exceptional items
Exceptional items H1 2025 S$ million H1 2026 Re-presented Re-organisation cost (8.8) (3.3) Exceptional Items (8.8) (3.3) 38 Olam Group Limited Results for the Half Year ended June 30, 2026 | August 14, 2026
Slide 39: Balance sheet
Balance sheet S$ million Jun-2026 Jun-2025 Change Fixed Capital 7,614.5 7,600.6 13.9 Right-of-use assets 766.9 717.5 49.4 Working Capital 8,381.1 11,567.9 (3,186.8) Uses of Cash 2,277.9 1,566.9 711.0 Capital Others (62.6) (121.8) 59.2 Net Assets Held for Sale 1,115.8 1,993.4 (877.6) Total 20,093.6 2
Slide 40: Cash flow statement
Cash flow statement S$ million H1 2026 H1 2025 Change Operating Cash flow (before Interest & Tax) 883.6 1,593.1 (709.5) Changes in Working Capital 920.0 (1,317.1) 2,237.1 Net Operating Cash Flow 1,803.6 276.0 1,527.6 Net interest paid (572.4) (797.9) 225.5 Tax paid (71.7) (144.0) 72.3 Cash from dive
Slide 41: ofi in Numbers
ofi in Numbers F&B Cocoa Coffee Nuts Spices Dairy solutions 28.5 Billion revenue (S$) 1,504 Million EBITDA (S$) 1,070 Million EBIT (S$) 110+ ~50 countries ~18,000 employees 19 innovation manufacturing facilities centers Note: All financial metrics are for 2025.
Slide 42: How we create value – Source
How we create value – Source Unrivalled Reach Integrated Supply Chain Proven Traceability & Digitally enabled & Depth & Risk Management Sustainability Execution at Scale Enabled by one integrated, digital platform Robust Global Unified Multi-category Sustainability-led End to End Digital & AI Networ
Slide 43: How we create value – Process
How we create value – Process Best-in-Class Quality, Deep Product & Food Safety and Application Innovation Reliability & Customer Comprehensive Product Sustainability Expertise Service Range: One Stop Shop Enabled by an integrated, customer-centric ingredient platform Manufacturing & Ops Customer-le
Slide 44: How we create value – Deliver
How we create value – Deliver Faster Innovation, Speed Trusted Category to Market – Led by Cost-Competitive Integrated Offerings with Leadership Consumer Insights Solutions at Scale Greater Value Enabled by our integration at scale Strong Customer Deep Supply Chain Manufacturing Regional Op Model Fr
Slide 45: Sustainability Strategy
ustainability Strategy Our Purpose ange for good thy future Our sustainability vision Be the preferred partner for positive change nts in thriving communities Our 2030 targets Prosperous farmers + I million off farmer households received enhanced livelinood support * 200,000 of! farmer households li
Slide 46: Sustainability awards
Sustainability awards STRATEGY REPORTING COMMUNICATIONS INNOVATION UK Green Awards 2025 Business Green Awards 2025 Reuters Global Sustainability FiE Sustainability Innovation Awards Award 2025 ESG Performer of the Year Sustainability Report of the Year Highly Commended – Sustainability Cocoa Compass
Slide 47: H1 2026 Results Briefing
H1 2026 Results Briefing olamgroup.com/investors.html ir@olamnet.com
Olam Group Ltd Basis Eg — H1 2026 Earnings Presentation on 6ix