Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2016)
20 slides from Wilmar International's shareholder meeting presentation, Apr 28, 2016
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 28 April 2016
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 2015 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 Tropical Oils Oilseeds and Grains Sugar Others Milling, Merchandising, Consumer Plantation Manufacturing Manufacturing Manufacturing and Others Products Consumer Products Largest global Largest soybean One of the largest processor and crusher in China L
Slide 6: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Tropical Oils • Wilmar and ADM entered into an agreement in which Olenex, a partnership to market oils and fats in Europe, will become a full- function joint venture with its own assets • In addition to processing, the joint venture will al
Slide 7: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Consumer • Completed the Goodman Fielder acquisition on 17 March 2015 Products • Leading food company in Australasia offering packaged baked products, dairy products, spreads, sauces, dressings, condiments, bulk and packaged edible oils and
Slide 8: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Oilseeds & Grains • One new flour milling plant in China and one in - Rice & Flour Milling Indonesia • Two new rice milling plants in China Sugar • Through its joint venture company in Myanmar, Great Wall – Wilmar Holdings Limited, Wilmar a
Slide 9: With focus on Sustainability
With focus on Sustainability Launch of the Sustainability Dashboard • Microsite dedicated to reporting on Wilmar’s progress of its No Deforestation, No Peat and No Exploitation Policy • Key features include information on Certification Progress, Traceability & Supply Chain, as well as the Grievance
Slide 10: Recognised for its Leading Brands and Quality Products
Recognised for its Leading Brands and Quality Products China: • Consumers’ Favourite Food Brand awarded by China National Food Industry Association Arawana / Wonder Farm / Orchid India: • 'Readers Digest Trusted Brand of the Year' for the sixth consecutive year Fortune • Promising ‘FMCG-Food Product
Slide 11: Corporate awards in 2015
Corporate awards in 2015 Fortune Global 500 (ranked 252nd) Fortune Magazine Forbes Global 2000 (ranked 369th) Forbes Magazine World’s Most Admired Company in Food Fortune Magazine Production Industry (ranked 5th) Top 100 Singapore Brands (ranked 3rd) BrandFinance® The Business Times and the Ranked 2
Slide 12: 2. 2015 Financials
2. 2015 Financials i. “a wilmar We Invest « You Harvest 11
Slide 13: 2015 Results at a Glance
2015 Results at a Glance vs 2014 Net Profit US$ 1.06 billion (8.7%) Core Net Profit US$ 1.17 billion (4.4%) Total Revenue US$ 38.78 billion (10.0%) EBITDA US$ 2.10 billion (2.2%) Earnings per share US$ 0.166 (8.3%) Dividends per share S$ 0.08 6.7% Net Debt/Equity 0.78x 0.78x Net Cash Flow from US$2.
Slide 14: Key Segment Results
Key Segment Results US$ Millions unless 2015 2014 otherwise stated Volume (M MT) 23.5 24.6 Tropical Oils (Plantation and Revenue 15,607.3 20,339.2 Manufacturing) PBT 545.6 969.2 Oilseeds and Grains Volume (M MT) 28.7 25.1 (Manufacturing and Revenue 17,705.1 17,986.4 Consumer Products) PBT 689.8 348.
Slide 15: Accounting for Biological Assets
Accounting for Biological Assets Biological Assets US$ ‘000 Book value as at Dec 31, 2015 1,794,594 Adjustment due to amendments to FRS 41 (986,826) Revised value of Biological Assets 807,768 Total Impact on Equity – Dec 31, 2015 (751,953) Net Debt Ratio (Adjusted) 0.82x Additional depreciation for
Slide 16: Cash Flow Highlights
Cash Flow Highlights US$ million FY15 FY14 Operating cash flow before working capital changes 2,042 1,844 Net cash flow from operating activities 2,232 1,973 Less : Investment in subsidiaries, joint ventures and (511) (220) associates Capital expenditure (865) (1,093) Net decrease from bank borrowin
Slide 17: Liquidity and Short-Term Debt
Liquidity and Short-Term Debt US$ million 3,123 * Liquid Working Capital = Inventories (excl. consumables) + Trade Receivables – Current liabilities (excl. borrowings) * Out of total unused credit facilities of US$17.92 billion 16
Slide 18: 3. Business Outlook
3. Business Outlook ilma We Invest « You Harvest 17
Slide 19: Business Outlook
Business Outlook • The Group performed satisfactorily for the full year, in spite of the challenging environment, particularly for palm oil. • Healthy growth was achieved in various key business segments such as oilseeds, flour, rice, consumer products, specialty fats and sugar. • In an environment
Slide 20: 4. AGM
4. AGM i. “a wilmar We Invest « You Harvest 19
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