Food Empire Holdings Limited · SGX:F03
Food Empire — H1 2024 Earnings Presentation
21 slides from Food Empire's earnings presentation, 2024
Slide 1: Food Empire Holdings Limited 1H2024 Results Briefing
Food Empire Holdings Limited 1H2024 Results Briefing
Slide 2: Agenda
AGENDA • Business Overview • 1H2024 Financial Highlights • Prospects & Investment Merits • Q&As 2
Slide 3: Business Overview
Business Overview and Food Empire Surging Forward Strategising Our Growth Plans
Slide 4: Business Overview
Business Overview Dynamic portfolio of more than 200 instant beverages and snacks Food Empire (SGX: F03) is a Extensive distribution leading multinational F&B networks across more than manufacturing and 60 countries with brand leadership position in key distribution Group with a markets history dati
Slide 5: Growing Global Presence
Growing Global Presence Pood Pape LIVE) International > = e ¢ 2 Pr 3 ° 2 2 FOOD EMPIRE FOCUS: _ Offices 1, Employees | Worldwide
Slide 6: Coffee Mixes
Coffee Mixes 4 production facilities in 4 countries Malaysia Ukraine Produces coffee mixes and other instant beverages Vietnam Russia for flagship MacCoffee and other brands 6
Slide 7: Snack, Non-Dairy Creamer
Snack, Non-Dairy Creamer 2 production facilities in Iskandar, Johor, Malaysia Potato crisps plant for contract manufacturing and own proprietary brands Non-dairy creamer plant producing for own-use in instant beverage products as well as for 3rd party sales 7
Slide 8: Spray & Freeze Dry Coffee
Spray & Freeze Dry Coffee 2 production facilities in India Spray-dry coffee plant Freeze-dry coffee plant 8
Slide 9: Expansion Pipeline
Expansion Pipeline 2Q2024: Malaysia NDC BY 1H2025: Malaysia snack END-2025: Kazakhstan coffee production facilities production factory mix production facility • Completed expansion of non-dairy • Commenced construction of additional • To open 1st coffee mix production facility in creamer production
Slide 10: 1H2024 Financial Highlights
1H2024 Financial Highlights 10
Slide 11: 1H2024 Financial Overview
1H2024 Financial Overview US$’M FY2023 FY2022 % Change 1H2024 1H2023 % Change Revenue 425.7 398.4 6.9 225.2 198.2 13.6 EBITDA 86.9 83.4 4.2 36.4 41.3 (11.9) EBITDA Margin (%) 20.4 20.9 (0.5 pt) 16.2 20.8 (4.6 pt) NPAT# 56.5 45.1* 25.3 23.2 26.6 (12.8) NPAT Margin (%) # 13.3 11.3* 2.0 pt 10.3 13.4 (3
Slide 12: Summary of Cash Flows
Summary of Cash Flows US$’M 1H2024 1H2023 Operating Activities Net cash flows (used in)/from operating activities (8.0) 10.9 Investing Activities Net cash flows used in investing activities (3.6) (8.1) Financing Activities Net cash flows used in financing activities (42.8) (20.8) Net decrease in cas
Slide 13: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios US$’M 1H2024 1H2023 1H2024 1H2023 Total Assets 396.4 371.1 Debt to Equity Ratio 15.2% 16.8% Total Loans and Borrowings 38.4 39.9 Working Capital 101.6 68.1 Shareholders’ Equity* 279.6 270.7 Quick Ratio 1.5 2.3 Free Cash Flow Generated (11.6) 2.7 Current ratio 2.8 3.4 Basic
Slide 14: 5-year Revenue Breakdown
5-year Revenue Breakdown By Geography (US$’m) 425.7 By Segment (US$’m) 425.7 398.4 21.0 398.4 26.2 49.1 71.3 63.1 39.6 320.1 320.1 30.1 288.6 19.8 35.9 101.6 288.6 33.6 273.0 17.4 92.7 273.0 19.7 20.8 26.6 8.7 17.3 18.0 21.4 7.2 225.2 20.1 225.2 96.8 78.3 198.2 8.4 198.2 81.0 110.7 29.6 41.5 91.5 10
Slide 15: 1H2024 Segment Highlights
1H2024 Segment Highlights Revenue by segments (US$’m) 225.2 South-East Asia Russia 8.4 198.2 (Revenue 34.8%) (Sales 13.4% in local currency terms) 29.6 10.5 21.7 • Vietnam: Strong sales driven by • Russia: Higher sales from marketing 61.8 aggressive brand building activities and promotional acti
Slide 16: Prospects & Investment Merits
Prospects & Investment Merits 16
Slide 17: Industry Prospects
Industry Prospects Global Instant Beverage Premix Market Global Instant Coffee Market CAGR (2024-2032): approximately 5.9%1 CAGR (2023-2032): approximately 6.4%2 2032: 2032: 2023: 2022: Projected at Projected at Valued at US$136.2 Valued at US$60.7 US$91.2 US$32.9 Billion Billion Billion Billion Dom
Slide 18: Prospects by Key Regions
Prospects by Key Regions Instant Coffee Market by Region (in terms of purchases from supermarkets & convenience stores) US$6.0 billion US$0.8 billion US$2.2 billion by 2029 by 2028 by 2029 CAGR CAGR CAGR 3.71% 7.91% 2.38% (2024-2029) (2024-2028) (2024-2029) Southeast Asia a South Asia b Eastern Euro
Slide 19: Growth Drivers & Investment Merits
Growth Drivers & Investment Merits Market leader with widening global presence and strong brand equity • Market leader of 3-in-1 coffee mixes in Russia, Ukraine, Kazakhstan and other CIS countries • Top 5 instant coffee mix brands in Vietnam; leader in ice coffee category • Increasing penetration ac
Slide 20: Backed by Strong Report Card
Backed by Strong Report Card 425.7 Revenue (US$'m) 398.4 NPAT (US$'m) 320.1 284.3 288.6 262.9 269.5 273.0 249.5 242.2 232.4 56.5 45.1 * 17.7 25.7 26.5 19.3 11.3 13.8 13.3 (13.6) (0.1) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2013: Launched Café Pho brand in Viet
Slide 21: Thank You!
Thank You! and Food Empire Surging Forward Strategising Our Growth Plans