Food Empire Holdings Limited · SGX:F03
Food Empire — FY2024 Earnings Presentation
17 slides from Food Empire's earnings presentation, 2025
Slide 1: Food Empire Holdings Limited FY2024 Results Briefing
Food Empire Holdings Limited FY2024 Results Briefing
Slide 2: Agenda
AGENDA • Business Update • FY2024 Financial Highlights • Prospects & Investment Merits • Q&As 2
Slide 3: Business Update
Business Update and Food Empire Surging Forward Strategising Our Growth Plans
Slide 4: Brief Business Overview
Brief Business Overview Dynamic portfolio of more than 200 instant beverages Food Empire (SGX: F03) and snacks A multinational F&B brands, Extensive distribution distribution and networks across more than manufacturing Group and a 60 countries with brand leader in branded instant leadership position
Slide 5: FY2024 Corporate Developments
FY2024 Corporate Developments 2Q2024: Completed the 2Q2024: Integration of Tea 3Q2024: Inked strategic expansion of NDC production House LLP as a subsidiary in partnership with Ikhlas Capital facilities in Malaysia May 2024 to intensify focus on Asia • Revenue contribution from Tea House • Paves the
Slide 6: Strong Expansion Pipeline
Strong Expansion Pipeline BY 1H2025: Expansion BY END-2025: 1st coffee mix EARLY 2028: Freeze-dried soluble coffee of snack production manufacturing facility in manufacturing facility in Vietnam factory in Malaysia Khazakhstan (Pre-construction phase) • Expected to be completed by the • Scheduled to
Slide 7: FY2024 Financial Highlights
FY2024 Financial Highlights 7
Slide 8: FY2024 Financial Overview
FY2024 Financial Overview US$’m FY2024 FY2023 % Change Revenue 476.3 425.7 11.9 EBITDA 81.1^ 86.8 (6.6) EBITDA (normalised) 78.3 86.9 (9.9) EBITDA Margin (%) (normalised) 16.4 20.4 (4.0 pt) NPAT# 52.9^ 56.5 (6.4) NPAT# (normalised) 50.0 56.5 (11.4) NPAT Margin (%) # (normalised) 10.5 13.3 (2.8 pt) B
Slide 9: Summary of Cash Flows
Summary of Cash Flows US$’m FY2024 FY2023 Operating Activities Net cash flows from operating activities 25.5 50.6 Investing Activities Net cash flows used in investing activities (18.3) (12.4) Financing Activities Net cash flows used in financing activities (5.7) (31.5) Net increase in cash and cash
Slide 10: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios US$’m FY2024 FY2023 FY2024 FY2023 Total Assets 460.1 402.9 Debt to Equity Ratio 15.4%+ 14.0% Total Loans and Borrowings 39.4+ 36.4 Working Capital (USD) 92.1 M 63.7 M Shareholders’ Equity* 296.1 294.5 Quick Ratio 2.0 2.4 Free Cash Flow Generated 7.2 38.2 Current Ratio 3.1
Slide 11: 5-year Revenue Breakdown
5-year Revenue Breakdown By Geography (US$’m) By Segment (US$’m) 476.3 476.3 425.7 19.2 425.7 398.4 61.4 398.4 86.5 21.0 26.2 49.1 71.3 63.1 33.5 320.1 39.6 320.1 30.1 129.4 273.0 19.8 101.6 273.0 35.9 17.4 33.6 92.7 26.6 17.3 21.4 7.2 96.8 20.1 81.0 110.7 124.7 91.5 356.4 71.2 299.3 324.4 67.8 259.
Slide 12: FY2024 Geographical Highlights
FY2024 Geographical Highlights Revenue by geography (US$’m) South-East Asia South Asia (Revenue 27.3%) (Revenue 24.9%) 476.3 • Vietnam: Contributed more than 50% • India: Operations running at 19.2 of South-East Asia’s revenue due to close to full capacity and 425.7 61.4 strong momentum generate
Slide 13: Prospects & Investment Merits
Prospects & Investment Merits 13
Slide 14: Growth Drivers & Investment Merits
Growth Drivers & Investment Merits Market leader with widening global presence & strong brand equity • Market leader of 3-in-1 coffee mixes in Russia, Ukraine, Kazakhstan and other CIS countries • Top 3 instant coffee mix brands by Sales Value in Vietnam; leader in ice coffee category • Strong consu
Slide 15: Consecutive Years of Revenue Growth
4 Consecutive Years of Revenue Growth Revenue (US$'m) 476.3 New NPAT (US$'m) record 398.4 425.7 320.1 284.3 288.6 273.0 262.9 269.5 249.5 242.2 232.4 45.1* 56.5 50.7 ^ 11.3 13.8 13.3 17.7 25.7 26.5 19.3 (13.6) (0.1) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Slide 16: Strong Commitment to Shareholder Returns
Strong Commitment to Shareholder Returns 3 consecutive years of increase in Cumulative shareholder returns ordinary dividends (FY2021 –FY2024) Special Dividends 10.0 Dividend Share (Singapore cts) Total Payout buyback Ordinary Dividends (S$’m) (Singapore cts) 8.0 (S$’m) (S$’m) 5.0 FY2021 11.8 3.4 15
Slide 17: Thank You!
Thank You! and Food Empire Surging Forward Strategising Our Growth Plans