Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2018)
19 slides from Wilmar International's shareholder meeting presentation, Apr 25, 2018
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 25 April 2018
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 Update 2 2017 Financials 3 Business Outlook 4 AGM 2
Slide 4: 1. Business Update
1. Business Update By Ho Kiam Kong Chief Financial Officer
Slide 5: Vertically Integrated Across Business Segments
Vertically Integrated Across Business Segments … Tropical Oils Oilseeds and Grains Sugar Others Milling, Merchandising, Manufacturing & Consumer Plantation Manufacturing Refining and Others Merchandising Products Consumer Products One of the largest listed Largest global processor Leading soybean cr
Slide 6: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Tropical Oils • Entered into a conditional 50:50 joint venture agreement with Tokyo-listed Lion Corporation for the manufacture and sale of methyl ester sulfonate, an ingredient used to produce detergents. • The JV, which is expected to com
Slide 7: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Tropical Oils • Entered into transactions to acquire two refineries in India, now building a new one and also expanding our refinery in Mundra, which when completed, will be the world’s biggest soft oil refinery located at one site. • Enter
Slide 8: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Oilseeds & Grains • Expanding into flour and rice milling in India, having acquired a rice mill and will Manufacturing be increasing capacities in the flour and rice business. • Commissioned our fourth flour mill in Vietnam and will start c
Slide 9: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Consumer • Two new edible oils packing plants each in China and India Products • One new edible oils packing plant in South Africa • Two new rice packing plants in China • One new rice packing plant in Zimbabwe • Two new flour packing plant
Slide 10: Continue to Invest in Our Businesses
Continue to Invest in Our Businesses Development Highlights Sugar • Announced our plan to make an additional investment in Shree Renuka Sugars Limited (SRSL), which was completed in March 2018, raising our stake in SRSL from approximately 27% to 39%. • Open offer to acquire up to 26% of SRSL’s emerg
Slide 11: Corporate awards in 2017
Corporate awards in 2017 ▪ World’s Most Admired Company in Food Production Industry Fortune Magazine (ranked 4th in 2017 and improved to 2nd in 2018) ▪ Fortune Global 500 (ranked 239th) Fortune Magazine ▪ Forbes Global 2000 (ranked 388th) Forbes Magazine ▪ Top 100 Singapore Brands (ranked 4th) Brand
Slide 12: 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 & Wonderfarm Indonesia: • Superbrand by Superbrands Indonesia Sania • Top Brand Award (Cooking Oil Category) by Frontier Consulting Group and Ma
Slide 13: 2. 2017 Financials
2. 2017 Financials
Slide 14: 2017 Results at a Glance
2017 Results at a Glance vs 2016 Net Profit US$ 1.22 billion 25.4% Core Net Profit US$ 1.05 billion 7.3% Total Revenue US$ 43.85 billion 5.9% EBITDA US$ 2.58 billion 14.9% Earnings per share US$ 0.193 25.3% Dividends per share S$ 0.10 53.8% Net Debt/Equity 0.79x 0.81x Net Cash Flow Generated from US
Slide 15: Key Segment Results
Key Segment Results US$ Million unless otherwise stated 2017 2016 Volume (M MT)# 23.2 23.4 Tropical Oils Revenue 18,067.2 16,855.2 (Plantation, Manufacturing and Merchandising) PBT 426.2 689.2 Volume (M MT) 33.3 29.5 Oilseeds and Grains Revenue 19,806.4 17,813.1 (Manufacturing and Consumer Products)
Slide 16: Cash Flow Highlights
Cash Flow Highlights US$ million FY17 FY16 Operating cash flow before working capital changes 2,596 2,021 Net cash flow generated from operating activities 386 1,124 Less: Acquisitions of subsidiaries, joint ventures and (132) (145) associates Capital expenditure (938) (777) Net increase/(decrease)
Slide 17: 3. Business Outlook
3. Business Outlook 16
Slide 18: Business Outlook
Business Outlook • Our portfolio of high quality agribusiness enabled the Group to do well in 2017. Looking ahead, we expect our integrated business model to continue to achieve sustained growth. Barring unforeseen circumstances, performance in FY2018 is expected to be satisfactory. • The internal r
Slide 19: 4. AGM
4. AGM
Wilmar International — Shareholder Meeting (April 2018) on 6ix