Yeo Hiap Seng Ltd · SGX:Y03
Yeo Hiap Seng — Shareholder Meeting (April 2025)
55 slides from Yeo Hiap Seng's shareholder meeting presentation, April 2025
Slide 1: Yeo's Annual General Meeting
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Slide 2: Important Notice
Important Notice eos} Information in this presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties
Slide 3: FY2024 Highlights and Outlook for FY2025
FY2024 Financial Highlights FY2024 Business Highlights Outlook for FY2025
Slide 4: Financial Highlights
Financial Highlights Annual General Meeting 23 April 2025
Slide 5: FY2024 Financial Results Summary
S$ million FY2024 FY2023 Y/Y Group Revenue 328.6 332.7 -1.2% Core Yeo’s F&B Revenue 299.5 296.4 1.0% Gross Profit (GP) 109.0 108.0 0.9% GP Margin 33.2% 32.5% 0.7pp Operating Loss (10.0) (11.4) 12.3% Operating Loss Margin -3.0% -3.4% 0.4pp Net Profit 6.9 6.7 3.0% Net Margin 2.1% 2.0% 0.1pp EPS (S cen
Slide 6: Group Revenue By Markets
Group Revenue By Markets - My, SG and Rest of World Markets growing; Cambodia & Indonesia almost 0 flat; Greater China declined At Analysis * Malaysia improved +4.3%; at constant currency +5.8% driven by market share growth ° Singapore improved +6.8% (excluding agency brands) * Cambodia declined -2.
Slide 7: Balance Sheet Summary
S$ million 31-Dec-24 31-Dec-23 Var Total assets 712.4 647.3 65.1 Cash and cash equivalents 122.0 64.1 57.9 Other financial assets 79.1 176.0 (96.9) Cash at Bank 201.1 240.1 (39.0) Trade and other receivables-current 74.5 64.7 9.8 Inventories 56.8 53.8 3.0 Assets held-for-sale 17.9 - 17.9 Current ass
Slide 8: Cash Flow Summary
S$ million FY2024 FY2023 Beginning cash and cash equivalents 64.1 215.1 • Net cash flow from operating activities 22.2 30.0 Capital expenditure, net (8.1) (6.6) Net cash flow from/(used in) investing 45.7 (174.2) activities Free cash flow 14.1 23.4 [Net cash flow from operating activities less Capex
Slide 9: Business Highlights
Business Highlights * Home Markets Update * International Markets Update * New Products ¢ Awards & Recognition ¢ Investment Update
Slide 10: Home Markets Update
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Slide 11: Driving Festive Demand with Culturally Relevant Campaigns
Driving Festive Demand with Culturally Relevant Campaigns Limited-edition festive packs launched to strengthen emotional connections and drive seasonal demand THESTRAITS TIMES LIFE Zocin Top Tipples: Drinks with a dragon twist for Chinese New Year
Slide 12: Partnership with Influencers for Ramadan Traditions
Partnership with Influencers for Ramadan Traditions Partnering with Khairul Aming to inspire meaningful moments during Ramadan, featuring Yeo’s iconic beverages
Slide 13: Partnership with Singapore HeritageFest
Partnership with Singapore HeritageFest Showcasing Yeo's legacy with vintage artifacts at the National Museum to celebrate Singapore’s rich cultural history ul SINGAPORE Heritage Fest
Slide 14: Partnership with National Heritage Board
Partnership with National Heritage Board Marking Singapore's National Day with limited-edition Orchid-Chrysanthemum tea that honours the nation’s heritage and unity HAPPY NATIONAL DAY SINGAPORE ORCHID ‘ CHRYSANTHEMUM TE;
Slide 15: Partnership with Olympic Medalist Max Maeder
Partnership with Olympic Medalist Max Maeder S$G59 campaign featuring special edition H-Two-O cans Extension of partnership with Max & the Singapore Sailing Federation ——_=— Fy 4 » oS \ a: © A PeCECEEEEE sal eee eee ¢ pelea een weeeeeees
Slide 16: Amplifying Brand Visibility with Creative Out-of-Home Branding
Amplifying Brand Visibility with Creative Out-of-Home Branding @ Driving consumer engagement with Malaysia’s electric train wraps, eye-catching bus ads, and in-flight sampling to reach travelers on the move
Slide 17: Driving Brand Trial with In-flight Sampling
Driving Brand Trial with In-flight Sampling Air Asia in-flight sampling to reach travelers on the move
Slide 18: Youth Engagement via School Programs
Youth Engagement via School Programs Malaysia’s national school nutrition campaign with 300,000 packs donated DA AC J
Slide 19: Youth Engagement via Innovative Marketing
Youth Engagement via Innovative Marketing Yeo's 'brattea' campaign leverages contemporary cultural trends to enhance brand awareness among younger consumers
Slide 20: Yeo's Continues to Strengthen Community Engagement
S$G60: Yeo’s Continues to Strengthen Community Engagement Small Batch Orchid Chrysanthemum Tea in NDP Goodie Bags Grassroots Engagement to Deepen Brand Affinity Orchid Chrysanthemum Tea _ MBBER
Slide 21: Serving our Community
Serving our Community
Slide 22: International Markets Update
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Slide 23: Partnerships to Celebrate Dragon Boat Festival
Partnerships to Celebrate Dragon Boat Festival Dragon Boat Festival sponsorship in China and Hong Kong
Slide 24: Strengthening Emotional Connections with Festive Celebrations
Strengthening Emotional Connections with Festive Celebrations Khmer New Year activations “55,400 Fe,
Slide 25: Flagship Stores: Elevating Brand Visibility Across Markets
Flagship Stores: Elevating Brand Visibility Across Markets
Slide 26: Flagship Stores in USA & Europe
Flagship Stores in USA & Europe
Slide 27: Pilot Launch of PET Bottles in Cambodia
Portfolio Expansion: Pilot Launch of PET Bottles in Cambodia = 2 Ee es Se —_— =
Slide 28: Community Impact Initiatives
Community Impact Initiatives Cambodia's ‘I Million Bottles Matter’ project to support special education
Slide 29: Hotel Chinese Association Thanksgiving Food Drive
Hotel Chinese Association Thanksgiving Food Drive Yeo's US worked with HCA in New York to give back to the communities in need at The Thanksgiving Food Drive
Slide 30: Serving our Communities (EU & UK)
Serving our Communities (EU & UK) Yeo’s UK contribute towards the aged community at The Mid-Autumn Festival
Slide 31: New Products: Nourishing Growth with Purposeful Innovation
Business Highlights in 2024 New Products: Nourishing Growth with Purposeful Innovation * Core ¢ Plant-Based * Tea ¢ Food 31
Slide 32: Core Innovation: Blending Tradition and Modernity
Core Innovation: Blending Tradition and Modernity Limited-edition Orchid Chrysanthemum Tea commemorating SG59 celebrations SAVOUR the SPECIAL EDITION MOREE AT a6 HERP ACEPES TT Orchid Chrysanthemum Tea HOMEG@ROUND INSTALLATION Fi usss sucan Ba
Slide 33: Plant-Based Innovation: Immuno Soy Milk
Plant-Based Innovation: Yeo’s Immuno™ Soy Milk with B6 & Zinc to support Immunity 1B6:ZINC FOR NORMAL IMMUNE SYSTEM FUNCTION CALCIUM & HIGH PROTEIN
Slide 34: Plant-Based Innovation Targeting Young Children
Plant-Based Innovation Targeting Young Children Yeo's SuperSprouts™ to nourish the next generation New] Formulated with nutrients, playfully delicious. Let’s grow amazing.
Slide 35: Tea Innovation
Tea Innovation First Harvest No Sugar Tea for health-conscious consumers
Slide 36: Tea Innovation
Tea Innovation Yeo's Passion Fruit Tea for tea lovers who wanta refreshing tropical twist Se ~ Passion MEETS) . | Iea! ' AY!
Slide 37: Yeo's Kaya Spread: Authentic Taste, No Added Preservatives
Yeo’s Kaya Spread: Authentic Taste, No Added Preservatives PANDAN
Slide 38: Yeo's Iconic Canned Favorites
Yeo’s Iconic Canned Favorites: Modennised design, lithographic print—No Added Preservatives
Slide 39: Awards & Recognition
Business Highlights in 2024 Awards & Recognition ¢ Marketing & Product Innovation Awards ¢ Beverage Supplier Award ¢ Trusted Employer Award 39
Slide 40: Recognition for Excellence in Rebranding and Brand Strategy
Recognition for Excellence in Rebranding and Brand Strategy Awarded by Transform Awards Asia 2024 Gold for Best Use of Packaging (Other) Gold for Best Visual Identity (Food and Beverage) jean awards Silver for Best Brand Evolution (Consumer) asia
Slide 41: Recognised for Halal principles & strategic branding
Recognised for dedication to Halal principles & strategic branding Malaysia: Brand of the Year in the FMCG category for Halal Best Brands Awards 2024 at The Brand Laureate Awards LA \ fp Beano OFTHE Year / Ae Rumuient y
Slide 42: Recognised for Outstanding Marketing by 4As Malaysia
Recognised for Outstanding Marketing by the Association of Accredited Advertising Agents Malaysia (4As). Malaysia: Bronze Putra Brand Award (Non Alcoholic Category) THANK you. MALAYSIANS! Together we'll keep refreshing what IERIerS most!
Slide 43: Awarded for High Impact Consumer Marketing
Awarded for High Impact Consumer Marketing ryeos J Singapore: Campaign of the Year — in the FMCG Asia Awards 2024 for "Brattea"
Slide 44: Recognised as #1 Beverage Supplier 2024 in Singapore
Recognised as #1 Beverage Supplier 2024 by Retailers in Singapore Singapore: #1 Beverage Supplier as voted by our customers — Advantage Group (=) SHENGSIONG Adva ntag CL FairPrice DI- RETAIL GROUP
Slide 45: Recognised as a Trusted Employer
Recognised as a Trusted Employer by Employees & HR Asia Singapore: Yeo's Singapore was recognised as one of HR Asia's Best Companies to Work For in Asia for 2024
Slide 46: Investment Update: Additional Investment in Vitasoy
Slide 47: Investment in Vitasoy to Complement Business Growth
Investment in Vitasoy to Complement Business Growth ryeos J Vitasoy - leading manufacturer and distributor of plant-based food and beverage ICONIC PRODUCTS STRONG HERITAGE SERVING LOCAL QUALITY REALINGREDIENTS TRUST &MARKETAUTHORITY COMMUNITIES & FINDING INTERNATIONAL MARKETS
Slide 48: Household Brand with a Strong Product Portfolio & Geographic Presence
Household Brand with a Strong Product Portfolio & Geographic Presence (779 CORE SOY & TEA PLANT-BASED MILK & BETTER FOR ME PROVEN SUCCESS IN GREATER CHINA & AUSTRALIA
Slide 49: Market Value of Vitasoy Holdings
Slide 50: Outlook for FY2025
Outlook for FY2025
Slide 51: Our Strategic Directions — Home Market
Our Strategic Directions — Home Market ryeos J Grow Core Yeo’s Food and Beverage Profitably via: ¢ Accelerate new business pillar growth behind Tea, Plant based protein and Food category. e Step up Customers Executions in Home Market General Trade ¢ Tighten operational efficiency to Re-Invest in Bra
Slide 52: Our Strategic Directions — International Markets
Our Strategic Directions — International Markets ryeos J ¢ Strengthen In-store Visibility to create Flagship Stores ° Drive International portfolio expansion ¢ Raise Execution capability of our partners overseas
Slide 53: Our Strategic Directions
Our Strategic Directions ryeos J Choiceful Investment to: * Continue to rejuvenate manufacturing network ¢ Improve Digitalization with SAP Hana upgrade ¢ Boost capabilities in digital Marketing & Route-to-market
Slide 54: Outlook for 2025
Outlook for 2025 ryeos J ¢ Challenging Geopolitical and Trade Headwinds: Ongoing geopolitical tensions and the potential impact of new U.S. tariffs introduce uncertainty across economies and consumer sentiment ° Key Priorities are: Managing cost dynamics to improve Operational efficiency Focus on Hi
Slide 55: Thank You
’ Thank You y