Dutch Lady Milk Industries Bhd. · MYX:DLADY
Dutch Lady Milk Industries Bhd — Shareholder Meeting (May 2025)
38 slides from Dutch Lady Milk Industries Bhd's shareholder meeting presentation, May 23, 2025
Slide 1: 62nd Annual General Meeting
Dutch Lady Milk Industries Berhad 62nd Annual General Meeting Friday, 23 May 2025, 10am
Slide 2: Introduction
Utami Introduction Born in dishwash Jakarta Rooted in Central Java Category Footprints Skin Care, Oral Care, Ice Cream, Dishwash, My Family Fabric Cleaning, Fabric Care, Household Cleaning, Dairy
Slide 3: Our Integrated Reporting Journey
Our Integrated Reporting Journey DLMI’s Integrated 2024 report has maintained the core elements of <IR> and our Annual Report 2024 alignment to Bursa disclosures, while also assessing internal preparedness for adopting the National Sustainability Reporting Framework (NSRF)and its requirements. WHAT:
Slide 4: 7 Focus Areas, 10 Material Matters
7 Focus Areas, 10 Material Matters In 2024, while we maintained our 7 focus areas and 10 material matters, we have mapped these to the three key priority areas – Nutrition, People, Planet - as per FC’s evolved Sustainability Framework. Future reporting will continue to achieve improved alignment wit
Slide 5: Sustainability Performance Dashboard 2024
B et t er Nu t r i t i o n B et t er Climate* Sustainability Be tte r Gov e rn a n c e B et t er S o c i e t y 84.70%* Performance Dashboard 2024 100% of Directors, 95% of Senior Managers, 93% of Consumer Dairy Volume Sold 1.63 0.197 in Compliance with Global Nutritional Managers/ Professionals, 97%
Slide 6: Key Priorities: 4Ps
Dutch Lady Milk Industries Berhad Key Priorities: 4Ps
Slide 7: Purpose
PURPOSE
Slide 8: Nourishing Our Planet and People in Every Stage of Life
Nourishing Our Planet and People in Every Stage of Life
Slide 9: Managing Director's Core Purpose
Name: Veronika Utami Function: Managing Director Dutch Lady Milk Industries Berhad My Core Purpose is “to motivate each other to achieve greatness via a shared vision of success for positive organizational & societal impact.”
Slide 10: DLMI Management Team Members
DLMI Management Team Members Veronika Utami Managing Director Kai de Klerk Imun Lim Ezmir Hazizi Azhar Katina Rahim Finance Director Marketing Director Corp. Affairs Director Head of Legal & Company Secretary Wilson Chua Edalyn-Hadjula Legarde Paul Ceelen Sales Director Human Resource Director Opera
Slide 11: Nutrition People Planet
Nutrition People Planet Distributed over 228 million The first-ever dairy company in Continued our partnership with packs of milk via School Milk Malaysia to be certified as a the Global Environment Centre Programme since 2011; Top Employer, reinforcing our (GEC)through the River Adoption reflecting
Slide 12: People
PEOPLE =
Slide 13: Better People: People-Positive & Fit-for-Purpose Workplace
BETTER PEOPLE Reinforcing our Aspirations : People-Positive & Fit-for-Purpose Workplace Enabling our people to grow and Fostering a fit and empowering Creating a great employee Perform: Continued to invest towards workplace: Maintained our focus on experience: Our efforts remained strong fostering a
Slide 14: Performance
(DUTCH ie) perry <= Go PERFORMANCE Winning Profitably
Slide 15: 2024: The Year of Transition
2024: THE YEAR OF TRANSITION DLMI@ENSTEK ready to Nourish Malaysians for generations to come 15
Slide 16: In Context: 2024 - The Year of Transition
In Context: 2024 - The Year of Transition Continue to lead in the dairy market across GP recovery on the back of lower input costs, and categories despite transition strong focus on successful transition – Share improvement in DL IFT 16 Launched on 30 May 2024, transition completed in Q4 2024
Slide 17: We continue to be a strong and leading dairy company in Malaysia
We continue to be a strong and leading dairy company in Malaysia… Dairy Manufacturer Value Share% +0.8 28.1 27.4 26.6 12.2 12.0 10.2 8.7 8.0 7.9 7.8 7.5 7.4 7.4 7.2 6.7 Dutch Lady Milk Industries Company A Company B Company C Company D 2022 2023 2024 17 Source: Nielsen, MAT Dec 2024, data based on s
Slide 18: Winning the Hearts & Minds of Malaysians
… through WINNING the Hearts & Minds of Malaysians In Nielsen Value Share In Nielsen Value Share • Most Chosen Brand in the Dairy Category* • Top Rising Brand in Dairy (Modern Trade: Growing-Up Milk)* • Reach 18.1 million Malaysians and 4.7 million households annually. • 228 million packs distribute
Slide 19: FY financials: 2024 a year of transition
FY financials “2024 a year of transition” Strong growth in profitability and modest revenue growth in 2024 while successfully managing the transition to Enstek Operating Cash Flow Net Profit Operating Profit RM84.8m Net Sales RM131.4m RM96.6m RM1445.1m -RM121.8m +31.4% +33.5% Adj. Operating Adj. Net
Slide 20: Profit before Tax
Profit before Tax: Strong profitability growth with lower raw material costs, and lower transition related one-off costs, partially invested back in our brands In RM mln +28.6 +8.4 21
Slide 21: Cash Flow
Cash Flow: CAPEX investments funded by operational cashflow and draw down on intercompany credit facility Cashflow from operating activities Cash balance In RM mln In RM mln -121.8 -18.4 (-58.9%) (-27.7%) 206.6 37.3 66.2 84.8 132.0 81.2 47.8 84.8 28.9 3.3 2023 CF from CF from CF from 2024 2023 Cash
Slide 22: Dividend payment
Dividend payment Dividend of RM 0.25 per share in H1 and H2 2024. Dividend pay-out in line with 2023, which enable internal financing of new manufacturing facilities. Net Dividend pay-out vs Profit After Tax Net Dividend pay-out per quarter In RM mln 248 97 Dividends 2024 Q2 Q4 in RM mln Paid 73 72
Slide 23: Slide 23
Slide 24: Key 2025 Macroeconomic Highlights
Key 2025 Macroeconomic Highlights: Strong economy, yet volatile Regulations, Policies and Geopolitical uncertainty costs of doing business Mandates remains Malaysia’s economic remain strong, despite Delays in further increased of SST to Stable local government, yet US political global uncertainties,
Slide 25: 2025 Industry Outlook
2025 Industry Outlook: Milk prices expected to increase slowly but steadily, MYR remains volatile. While business confidence is mixed, consumer confidence is improving. DOSM Business Confidence Indicator Source:.Farm weekly, 10 March 2025 Source: the Malaysian reserve, 3 March 2025 Source: USDA Ston
Slide 26: Commercially, we will focus on winning in the market
Commercially, we will focus on winning in the market with strategies across portfolio & life stages Drive penetration and brand connection through core occasions & assortment, to win in ambient and chilled liquid segments Drive IFT relevance through category education and continue to fight the natio
Slide 27: Key Q1 2025 financials versus Q1 2024
Key Q1 2025 financials versus Q1 2024: Close to 3% growth in revenue driven by higher sales in our core ranges and growing revenue from innovations, offset with higher costs. Operating Profit Operating Net Profit Net Sales Cash Flow RM373.4m RM34.8m RM 25.0m -4.1% -6.1% RM4.9m -RM7.8m Net sales grow
Slide 28: Profit before Tax
Profit before Tax: Volume growth positively impacted Profit Before Tax, yet offset by exchange rates and higher cost of production. In RM mln -2.3 -3.7 29
Slide 29: Strong business performance in Q1 2025
Strong business performance in Q1 2025 Revenue up 3% on the back of volume growth, yet higher raw material prices and FX variances impact profit. In RM mln 2024 Q1 +3% 2025 Q1 Interim Dividend pay-out 373,4 362,8 -6,1% -6,6% 45,9 43,1 -6,1% 2025 Dividends 35,2 Announce on 32,9 RM mln 26,7 22 May 202
Slide 30: Outlook
OUTLOOK PURPOSEFUL ORGANISATIONS WILL “STAY RESILIENT & RELEVANT” Conscious & Discerning Consumers Our Approach • Consumer sentiments stronger in relation to • Prioritise nutritional value delivered in an affordable and health and wellbeing, guiding food choices responsible way • Greater awareness a
Slide 31: Potential
(DUTCH re perry <= Go
Slide 32: DLMI@Enstek
ESTABLISH ONE ASIA SUPPLY CHAIN Big Blue: Greenfield DLMI@Enstek DLMI@Enstek
Slide 33: FrieslandCampina
& FreslandCampinasis
Slide 34: Unlocking Capacity for Growth with DLMI@Enstek
Unlocking Capacity for Growth with DLMI@Enstek A Strategic Investment in an IR4.0 enabled, green-field, halal manufacturing facility Sustainability Efficiency Growth Significant potential Significant reduction Significant to capture new in use of energy, improvement in critical opportunities water &
Slide 35: Greenfield factory reduces energy, water & CO2
Greenfield factory realizes significant reduction in use of energy, water & CO2 and increased recyclability -15% to -20% -35% to -40% -20% to -25% +5% to +7.5% (m3/ton) (kton CO2 eq.) (recyclability) (GJ/ton) REDUCTION OF 1 ENERGY EFFICIENT UTILITIES 2 PRODUCT & 3 IMPROVED RECYCLABILITY WATER LOSSES
Slide 36: Finishing a 5-year transformation journey
Finishing a 5-year transformation journey Processing installation begin Utility installation begin 1. Start commissioning 2. legacy machine relocation 2023 3. 4. people transition Inauguration 2019 2023 Q2 2024 1. Full transition of manufacturing Preparation Global Pandemic & design Covid. Q1 H1 Pol
Slide 37: DLMI@Enstek
ESTABLISH ONE ASIA SUPPLY CHAIN Big Blue: Greenfield DLMI@Enstek DLMI@Enstek
Slide 38: Dutch Lady Milk Industries Berhad
Dutch Lady Milk Industries Berhad =
Dutch Lady Milk Industries Berhad — Shareholder Meeting (May 2025) on 6ix