Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2022)
24 slides from Wilmar International's shareholder meeting presentation, Apr 21, 2022
Slide 1: Wilmar International Limited Annual General Meeting
WILMAR INTERNATIONAL LIMITED ANNUAL GENERAL MEETING 21 April 2022
Slide 2: Wilmar International Global HQ at One North
Wilmar ▪ In May 2021, the Wilmar International Headquarters relocated to one-north in the Biopolis precinct, the R&D International heart of Singapore. Global HQ ▪ Nestled within lush greenery, the new office features at One North amenities such as an extensive research laboratory, auditorium, a staf
Slide 3: Important Notice
IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may cha
Slide 4: Agenda
Agenda 1 2021 Financials 2 Business Developments 3 Successful Listing of Wilmar’s India Joint Venture 4 ESG Initiatives 3
Slide 5: 1. 2021 Financials
1. 2021 Financials By Charles Loo Cheau Leong Chief Financial Officer 4
Slide 6: 2021 Results at a Glance
2021 Results at a Glance vs 2020 Total Revenue US$ 65.79 billion 30% EBITDA US$ 4.17 billion 16% Net Profit US$ 1.89 billion 23% Core Net Profit US$ 1.84 billion 24% Earnings per share (fully diluted) US$ 0.299 24% Dividends per share S$ 0.155 19% Net Debt/Equity 0.87x 0.72x 5
Slide 7: Vertically Integrated Across Business Segments
Vertically Integrated Across Business Segments
Slide 8: Key Segment Results
Key Segment Results US$ million unless otherwise stated 2021 2020 Volume (M MT) 28.3 27.2 Food Products Revenue 29,508.1 23,596.7 (Consumer Products, Medium Pack and Bulk) PBT 680.9 1,152.4 Volume (M MT) 55.0 58.1 Feed and Industrial Products Revenue 38,894.5 28,932.6 (Tropical Oils, Oilseeds and Gr
Slide 9: Cash Flow Highlights
Cash Flow Highlights US$ million FY2021 FY2020 Operating cash flow before working capital changes 3,994 3,594 Changes in working capital, interest (paid)/received and income taxes (4,039) (3,041) paid Less: Acquisitions of subsidiaries, joint ventures and associates (81) (317) Capital expenditure (2
Slide 10: Asset Growth Supported by Equity
Asset Growth Supported by Equity In US$ million 50,000 45,000 40,000 35,000 22,602.3 30,000 25,000 20,000 15,000 10,000 8,181.5 23,769.2 5,000 7,882.1 0 FY2007 FY2021 Total Long-term Assets* Total Equity *includes property, plant and equipment, intangibles, investment in associates/joint ventures, b
Slide 11: CAPEX – Funded Internally
CAPEX – Funded Internally US$ million FY2021 FY2020 FY2019 FY2018 FY2017 EBITDA 4,172 3,609 3,024 2,937 2,615 Less: net tax paid (687) (407) (247) (388) (286) Less: net interest paid (266) (213) (450) (253) (223) Less: dividend (ordinary) (741) (699) (555) (532) (351) Less: special dividend (309) -
Slide 12: Funding and Liquidity
Funding and Liquidity US$ million 31 Dec 2021 31 Dec 2020 Liquid working capital 11,889 8,567 Cash & bank balances (current) 6,342 5,928 Structured deposits 3,197 3,616 21,428 18,111 Total short-term borrowings 22,292 17,146 As at Dec 31, 2021 US$ million Available Utilised Balance Credit facilities
Slide 13: 2. Business Developments
2. Business Developments 12
Slide 14: Business Developments
Business Developments Development Highlights Food Products China: • Continued on our path of accelerated growth, adding flour and rice mills and consumer edible oil, flour and rice packing plants in existing and new sites. • Our Central Kitchen Food Park project is progressing well with the first fa
Slide 15: Business Developments
Business Developments Development Highlights Food Products • Continued to expand our Indonesian operations with new flour mills, specialty fats plant and edible oil packing plant and planning new capacities for edible oil refining, rice and flour milling and edible oil, rice and flour packing. • Exp
Slide 16: Business Developments
Business Developments Development Highlights Feed and Industrial Products • We are planning new ethanol capacities as we pursue our strategic move to renewable Sugar energy and to ethanol. We will explore 2G ethanol introduction in our production sites in India. Plantation and Sugar Milling • We are
Slide 17: Recognised for its Leading Brands and Quality Products
Recognised for its Leading Brands and Quality Products China: • 中国粮油领军品牌 by 粮油市场报主办的“第十届中国粮油榜 Arawana • 中国品牌力指数（C-BPI）食用油品牌榜榜首, 面粉和大米品牌榜第二名by 中国品牌评级与品牌顾问机构 Chnbrand • 十佳品牌奖 by 中国粮油学会 Indonesia: • Superbrand (Cooking Oil Category) by Superbrands Indonesia Sania • Top Brand Award 2021 in Recognition o
Slide 18: 3. Successful Listing of Wilmar's India Joint Venture
3. Successful Listing of Wilmar’s India Joint Venture 17
Slide 19: Successful Listing of Wilmar's India Joint Venture
Successful Listing of Wilmar’s India Joint Venture ▪ Adani Wilmar Limited (AWL), our 50:50 joint venture, made its debut on the National Stock Exchange of India and BSE on 8 February 2022, with a successful initial public offering (IPO) that raised US$482 million of new capital. ▪ AWL is the largest
Slide 20: 4. ESG Initiatives
4. ESG Initiatives 19
Slide 21: Established a Board Sustainability Committee
Established a Board Sustainability Committee • To provide specific oversight of the our sustainability strategy • This will include governance over implementation and communications of our sustainability activities with our stakeholders. • Provide input to the Board on ESG issues and sustainability
Slide 22: Our Sustainability Progress
Our Sustainability Progress • 2021 marked the 10th edition of Wilmar’s Sustainability Report, representing 15 years of sustainability disclosure since 2007. • Today, we are proud to have expanded our scope of ESG disclosure to cover the full breadth of our global businesses from trading, merchandisi
Slide 23: Recognition for Our Sustainability Efforts
Recognition for Our Sustainability Efforts • We are encouraged that our efforts and achievements in this space have been reflected in our sustainability credentials: ✓ Inclusion in the Dow Jones Sustainability World Index (DJSI World) ✓ Inclusion in the FTSE4Good Developed and ASEAN 5 Index ✓ Ranked
Slide 24: Thank you
Thank you
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