Dfi Retail Group Holdings Limited · SGX:D01
Dfi Retail — Investor Presentation (March 2026)
35 slides from Dfi Retail's investor presentation, March 2026
Slide 1: Corporate Overview
mii SERVING ii EVERYDAY ip MOMENTS RETAIL GROUP DFI Retail Group (SGX: D01) Corporate Overview Amember of the Jardine Matheson Group March 2026
Slide 2: Disclaimer
Disclaimer This Document (the ‘Document’) is for information purposes only. This Document is not intended to form the basis of any investment decision nor does it constitute any recommendation or advice as to how the reader should, or should not, act on any matter. The information in this Document i
Slide 3: Our Purpose Statement
Our Purpose Statement A clear focus on the well-being Committed to being a steadfast of our people, communities pillar of each community we serve, and environment with care and quality of service | serve Asia for generations with moments To be a lasting influence We show up day by day — for the indu
Slide 4: Our Management Committee
Our Management Committee Andrew Wong Joy Jinghui Xu Tom van der Lee Scott Price Erica Chan Yoep Man Chief Executive Officer, Group Chief People & Group Chief Financial Officer Group Chief Executive Group Chief Legal, Sustainability Chief Executive Officer, Health & Beauty Culture Officer and Corpora
Slide 5: Diversified Portfolio Across Asian Markets and 5 Formats
Diversified Portfolio Ghinese mainland Hong Kong Across 12 Asian Markets and 5 Formats = t P| # =| | oy ces I =] 7,580 T9K+ Thailand Cambodia —=—e@ @— Vietnam Health and Beauty B= B= Convenience Brunel : = Food Malaysia ».@ —_____ Indonesia a=) Home Fur ngs —] a= Singapore* estaurants 2 Saute Sop Fo
Slide 6: Diversified Portfolio: Health and Beauty
Diversified Portfolio Across 12 Asian Markets and 5 Formats Health and Beauty ont ©2028 OF Reta oe Chinese mainland ———— Berg eee Macau ie @-—__ Taiwan nr | far 4 Lacs Thailand Cambodia @- Vietnam Brunei Malaysia @___ Indonesia Singapore @ North Asia @ Southeast Asia
Slide 7: Diversified Portfolio: Convenience
Diversified Portfolio Across 12 Asian Markets and 5 Formats Chinese mainland ———— nora eee 4 z % Macau 4 e@———_ Taiwan F ©—_ér_j Lacs Thailand e Cambodia - e e Vietnam . é © ~ Brunei Convenience Malaysia. - Indonesia Singapore rs @ North Asia @ Southeast Asia ‘opriatt ©2028 FI Reta Gow 7
Slide 8: Diversified Portfolio: Food
Diversified Portfolio Across 12 Asian Markets and 5 Formats Hong Kong Macau ® Laos Chinese mainland Thailand Cambodia —-—® Vietnam Food Malaysia Indonesia Singapore" Brunei Note: Divestment of Singapore Foot completed in early December @ North Asia @ Southeast Asia Copyright © 2026 OF Retail Grou ‘
Slide 9: Diversified Portfolio: Home Furnishings
Diversified Portfolio Across 12 Asian Markets and 5 Formats Hong Kong Taiwan Macau = oJ ® ° Indonesia Home Furnishings a” ] ont ©2028 OF Reta oe ° @ North Asia @ Southeast Asia
Slide 10: Diversified Portfolio: Restaurants
Diversified Portfolio Across 12 Asian Markets and 5 Formats Restaurants a” ‘opriatt ©2028 FI Reta Gow Chinese mainland ————@ nora eee Macau | Thailand Cambodia —_-_® ee Vietnam [Ea] « Malaysia — e Indonesia Singapore Taiwan Brunei @ North Asia @ Southeast Asia 0
Slide 11: Asia's Leading Multi-format Retailer Across Markets
Asia’s Leading Multi-format Retailer Across 12 Markets Health and Beauty #1 player in Hong Kong in Malaysia and Singapore Convenience 30 % #1 player in Hong Kong, Singapore and Macau Health and Beauty #2 international player in South China Food (US$12.0B incl. Maxim’s) Total 2025 revenue ' Restauran
Slide 12: Retail Excellence Guided By Clear Strategic Framework
Retail Excellence Guided By Clear Strategic Framework Purpose Sustainably serve Asia for generations with everyday moments Strategic pillars Customer First, People Led, Shareholder Driven Strategic deliverables Retail Access to Omnichannel & Lean & Agile Excellence Customers Data Ecosystem Operating
Slide 13: 01. Business Overview
mi SERVING i? EVERYDAY ur MOMENTS RETAIL GROUP 01. Business Overview
Slide 14: Health and Beauty Overview
Chinese mainland —e Hong Kong Cross-boarder e-commerce 310 Stores l Macau ———_® 20 Stores Vietnam 127 Stores Brunei 27 Stores Malaysia 560 Stores i Indonesia Singapore 119 Stores 367 Stores @ North Asia opyrtt ©2028 FI Rol Go
Slide 15: Convenience Overview
Convenience Overview Hong Kong 1,089 Stores South China ———_® | 1,932 Stores Macau 49 Stores Singapore 457 Stores @ North Asia opyrtt ©2028 FI Rol Go 2025 Sales 2025 Operating Profit US$2.3bn US$97m Overall + Broaden shopper missions towards high-margin, non-cigarette categories with a strategic foc
Slide 16: Food Overview
2025 Operating Profit‘ 4 Hong Kon: | e 2 7 a5 Be ed + Strategic pivot to Everyday Lo’ z while protecting gross profit th Hong Kong Leading supermarket chain EDLP supports volume grow to low single-digit? Strengthen value proposition throug! p target of 15% _¢ Leverage data analytics to dri e@—— Camb
Slide 17: Home Furnishings Overview
Home Furnishings Overview Hong Kong 10 Stores I | @—_ Taiwan Macau © 8 Stores 1 Store = = @—— Indonesia 7 Stores © North Asia es @ Southeast Asia ont ©2028 OF Ret ove 2025 Sales 2025 Operating Profit US$677m US$26m Overall + Enhance affordability and accessibility through reinvesting in pricing, imp
Slide 18: Restaurants Overview
Restaurants Overview 2025 Sales 2025 Share of Underlying Profit US$3.1bn US$72m 2,000+ restaurant outlets across Asia including Hong Kong, Macau, the Chinese a : ] Chinese mainland Beta iene mainland and Southeast Asia =) r=) 5 Strong restaurant, catering and branded food product portfolio, with exc
Slide 19: Own Brand
Own Brand Overview Strengthening Value Proposition with Own Brand Reset + Over 1,800 SKUs across Meadows, Mannings Guardian, Yu Pin King, Vitapet: Significant sales and profit productivity improvement* upon SKU rationalisation + Hero programmes: Meadows & Yu Pin King campaigns drive both Own Brand &
Slide 20: Omnichannel and Digital Footprint
Chinese mainland ————® Hong Kong Bt Bas? Taiwan BS? _. Ss Cambodia ———@ @—— _ Vietnam ? e—— Brunei i ° | Malaysia Singapore @— Indonesia Fs a= @ North Asia @ Southeast Asia ont ©2028 OF Ret ove
Slide 21: Customer First Strategy Drove Strong E-commerce Growth
Customer First Strategy Drove Strong E-commerce Growt Growing online Improved app experience and personalisation sales penetration’ 6.4% 5.0% Data-driven product recommendation FY24 FY25 Note: 1. Excluding Singapore Food, cigarettes under Convenience and IKEA food ont ©2028 OF Reta Gov Deepened loya
Slide 22: 02. Business Update
mi SERVING i? EVERYDAY ur MOMENTS RETAIL GROUP 02. Business Update
Slide 23: Health and Beauty FY25 Update
Slide 24: Convenience FY25 Update
Convenience FY25 Update ant zabe OF Sales excluding cigarettes grew 1% YoY. Muted gains due to subsidy price war by Chinese online delivery platforms Continued strategic pivot from cigarettes to innovative RTE Growing RTE mix contributed to positive profit growth in 2H25 Increasing RTE sales penetra
Slide 25: Food FY25 Update
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Slide 26: Home Furnishings FY25 Update
Home Furnishings FY25 Update Tinggal rumah a ™ Improving sales trend supported by a sharper focus on value and market-relevant range Cost optimisation across markets drove over 60% growth in operating profit Reinvested in pricing of high-volume SKU and broadened entry-price offerings Taiwan performa
Slide 27: 03. Financials
mi SERVING i? EVERYDAY RETAIL ROUND MOMENTS 03. Financials
Slide 28: 5-year Financial Summary
5-year Financial Summary (in US$m, unless otherwise stated) 2021 2022 2023 2024 2025 Total revenue 9,188 9,174 9,170 8,869 8,869 Health and Beauty 1,805 2,025 2,445 2,457 2,623 Convenience 2,243 2,266 2,441 2,379 2,342 Food! 4,151 3,872 3,285 3,131 3,040 Home Furnishings 816 839 794 701 677 Other re
Slide 29: Segment Overview
Segment Overview Sales breakdown by segment (2025) Home Furnishings 8% Health and Beauty 30% 2025 ood Sales Mix' 35% Convenience 27% Note: 1. Sales of goods ont ©2028 FI Reta rove Segment operating margin (2025) 8.7% 41% Health Convenience Food and Beauty 3.8% Home Furnishings 4.2% Overall 2
Slide 30: Clear Capital Allocation Framework
Clear Capital Allocation Framework Disciplined capital allocation A stronger balance sheet 844 866 618 Invest in organic growth with a8 a focus on ROCE' and TSR Net cash US$70m? 70% dividend payout policy Dec 2021 Dec2022 Dec2023 Dec2024 Dec 2025 Net debt (US$m) Healthy balance sheet Improving ROCE
Slide 31: 04. Sustainability
mi SERVING i? EVERYDAY ur MOMENTS RETAIL GROUP 04. Sustainability
Slide 32: Sustainability Framework
Sustainability Framework At DFI, our purpose is to sustainably serve Asia for generations with everyday moments. We are committed to transforming Asia’s retail landscape through sustainable choices that benefit both people and the planet. Our sustainability strategy is anchored in three strategic pi
Slide 33: Our 2025 Performance Highlights
Our 2025 Performance Highlights People Team Member Success 16.1 43% Average training Female representation hours per FTE among senior leadership (Target: 14) Community Giveback >1.25m Beneficiaries supported by community giveback initiatives Ethical Sourcing 100% Ethical audits of Own Brand factorie
Slide 34: Our Sustainability Awards and Recognitions
Our Sustainability Awards and Recognitions Across our markets, we have received more than 60 awards reflecting our achievements in the People, Products, and Planet pillars. A selection of awards is highlighted here. + Retail Asia Awards 2025: ESG Initiative of the Year + People’s Association Communi
Slide 35: Thank You
SERVING = 'D) [- EVERYDAY RETAIL GROUP MOMENTS Investor Relations Contact Corporate Communications and Affairs Contact Karen Chan Gwendolyn Cheong © DFlinvestor@DFiretailgroup.com © DFlmedia@DFiretailgroup.com Thank You ont ©2028 FI Ret Gove
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