Fraser & Neave Holdings Bhd. · MYX:F&N
Fraser & Neave Holdings Bhd — H1 2025 Earnings Presentation
18 slides from Fraser & Neave Holdings Bhd's earnings presentation, May 2025
Slide 1: Financial Highlights for six months ended 31 March 2025
Financial Highlights for six months ended 31 March 2025 (“1H2025”) (Unaudited)
Slide 2: Important Notice
IMPORTANT NOTICE Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward- looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual re
Slide 3: F&N Achieved 13% Revenue Growth
F&N ACHIEVED 13% REVENUE GROWTH 1H2025 Performance Demonstrated Financial Resilience $1,212.6M $165.1M 13.6% (+ 13.2%) (+ 1.6%) (- 156 bps) REVENUE PBIT PBIT MARGIN $124.8M $84.1M 5.8 CTS (- 0.6%) (+ 0.3%) (0.0%) PAT ATTRIBUTABLE PROFIT1 EARNINGS PER SHARE1 Half-year ended 31 March 2025 1. Before ex
Slide 4: F&B Led 1H2025 Revenue Growth of 13%
F&B LED 1H2025 REVENUE GROWTH OF 13% Beverages (soft drinks and beer) jumped 28% in sales 1H2024 $1,701.1M 1H2025 REVENUE (BY BUSINESS) Beverages F&B + 28% (+15%) KEY TAKEAWAYS Dairies + 8% + $141.5m (+ 13%) • F&B segment grew by +15%, driving Group topline P&P - 1% performance Others -2% • Beverage
Slide 5: Revenue Growth in Malaysia and Thailand
1H2025 Revenue REVENUE GROWTH IN MALAYSIA ANDTHAILAND (by Geography) Driven by higher volumes in soft drinks and canned milk 14% 16% 1H2025 REVENUE (BY GEOGRAPHY) KEY TAKEAWAYS Malaysia: Broad-based revenue growth, driven by higher soft $1,212.6M drinks and dairy volumes, as well as positive currenc
Slide 6: Profit Up 2% - Strong Core Performance
PROFIT UP 2% - STRONG CORE PERFORMANCE Offset by lower contribution from associate company $162.5M 1H2024 Beverages F&B + 4% 1H2025 PBIT (BY BUSINESS) (+5%) Dairies + 6% KEY TAKEAWAYS + $2.6m (+ 2%) • F&B led earnings growth with a +5% increase P&P NM • Beverages: Grew by 4%, supported by stronger O
Slide 7: Malaysia and Thailand Drove Earnings Growth
1H2025 PBIT MALAYSIA AND THAILAND DROVE EARNINGS (by Geography) GROWTH 1H2025 PBIT boosted by higher volumes and positive forex impact -3% -1% 22% 1H2025 PBIT (BY GEOGRAPHY) 33% KEY TAKEAWAYS Malaysia’s earnings grew on the back of higher volumes, an $165.1M improved cost environment, and favourable
Slide 8: Financial Highlights: 1H2025 Balance Sheet
FINANCIAL HIGHLIGHTS 1H2025 Balance Sheet ASSETS LIABILITIES & EQUITY Cash & Bank $471.4M $1,151.3M Borrowings Balances Other Current $799.2M $652.4M Other Liabilities Assets Non-Current $3,957.4M $3,424.3M Total Equity Assets Total Total Liabilities Assets $5,228.0M $5,228.0M & Equity Half-year end
Slide 9: Strong Capital Structure
STRONG CAPITAL STRUCTURE Maturity Profile of Group Debt FY2024 1H2025 Floating Rates Cash $529.6M $471.4M $285.6m 20% $865.6m Fixed Borrowings $1,165.1M $1,151.3M Rates 80% Gearing1 18.8% 19.9% MATURING < 1YR MATURING > 1YR Dividend Interim Dividend of 1.5 Cents Declared 59.8% Interim (cents) 53.4%
Slide 10: Corporate Development
CORPORATE DEVELOPMENT Half-year ended 31 March 2025 10
Slide 11: F&N Achieves Key Milestone with Arrival of Dairy Cattle at F&N AgriValley
F&N ACHIEVES KEY MILESTONE WITH THE ARRIVAL OF DAIRY CATTLE AT F&N AGRIVALLEY Commercial production to start before end of 2025 • In April 2025, F&N welcomed the arrival of its first commercial batch of 2,500 dairy cattle at F&N AgriValley, Malaysia’s largest integrated dairy farm • The farm now hou
Slide 12: F&N AgriValley Taking Shape
2 x 80 Bail Milking Dairy Packaging Feed Storage and Parlour Factory TMR System Ready F&N AgriValley Taking Shape Delivery Barn Cow Barn Bio-digester & Manure 50 Bail Milking 1-10 Treatment & Biogas Generator Parlour 12
Slide 13: F&N's New Dairy Facility on Track for Production Start
F&N’S NEW DAIRY FACILITY ON TRACK FOR PRODUCTION START Strengthening our presence in Cambodia • Construction of the new dairy facility is progressing as planned • Operations are on track to begin in early 2026 • The plant will produce, distribute, and market F&N dairy products, initially focusing on
Slide 14: Limited-Edition Products
LIMITED-EDITION PRODUCTS F&N MAGNOLIA Low Fat Banana Flavoured Milk Tetra 946ml & 200ml Only available in Singapore 964ML 200ML Half-year ended 31 March 2025 14
Slide 15: Limited-Edition Products
LIMITED-EDITION PRODUCTS F&N SEASONS Strawberry Flavoured Tea PET 1.5L Only available in Malaysia 1.5L Half-year ended 31 March 2025 15
Slide 16: Limited-Edition Products
LIMITED-EDITION PRODUCTS F&N MAGNOLIA Wafer Ice Cream (Blueberry, Chocolate, Durian, Raspberry, Yam flavour) Pack of 4 Only available in Singapore Half-year ended 31 March 2025 16
Slide 17: Thank You
Website: https://fraserandneave.com Thank You Analyst and media contact: Ms. Jennifer Yu Director, Investor Relations T: (65) 6318 9231 E: jenniferyu@fngroup.com.sg 17
Slide 18: 1H2025 Group Financial Highlights (Unaudited)
1H2025 GROUP FINANCIAL HIGHLIGHTS (UNAUDITED) 1H2024 1H2025 Change ($’M) ($’M) (%) Revenue 1,071.1 1,212.6 + 13.2 Gross Profit 352.0 376.6 + 7.0 Profit before interest and tax 162.5 165.1 + 1.6 PBIT margin (%) 15.2% 13.6 - 156 bps Profit after tax 125.5 124.8 - 0.6 Profit attributable to shareholder