Fraser & Neave Holdings Bhd. · MYX:F&N
Fraser & Neave Holdings Bhd — 1H FY2026 Earnings Presentation
41 slides from Fraser & Neave Holdings Bhd's earnings presentation, May 4, 2026
Slide 1: First Half FY2026 Analyst / Media Briefing
FIRST HALF FY2026 ANALYST / MEDIA BRIEFING 4 MAY 2026
Slide 2: Important Information
IMPORTANT INFORMATION 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 actua
Slide 3: Welcome! F&N AgriValley
WELCOME! Thank you for spending the day with us at F&N AgriValley
Slide 4: Agenda
Presentation by CEO 20 minutes AGENDA Q&A 30 minutes Target to depart for Kuala Lumpur before 3.30pm
Slide 5: Our Q1 Performance was impacted by…
Our Q1 Performance was impacted by… Double festive celebrations should have lifted our WEAKNESS IN numbers but.. GEOPOLITICAL CAMBODIA CRISIS Geopolitical developments FOREX IMPACT And other start-up shaped our approach and losses … moderated Q2 performance.
Slide 6: Financial Highlights
Financial Highlights
Slide 7: Financial Results at a Glance
F&NHB GROUP 1 st HALF FY2026 -6.9% -23.8% FINANCIAL RESULTS AT A GLANCE… 2,535.9 331.1 REVENUE OPERATING PROFIT RM MILLION RM MILLION -25.2% -33.3% -7.8 P.P -27.6 sen +11.0 sen -0.4 P.P 321.6 207.0 35.6% 56.9 BASIC sen 10.64 16.6 % PROFIT BEFORE TAX PROFIT AFTER TAX NET ASSETS PER SHARE EFFECTIVE TA
Slide 8: F&NHB Group 1H FY2026 Financial Highlights
1H FY2026 FINANCIAL HIGHLIGHTS GROUP F&NHB GROUP GROUP REVENUE OPERATING PROFIT RM Million RM Million Growth % -6.2 -7.6 -6.9 Growth % -25.5 -21.7 -23.8 2,723.9 2,535.9 434.8 331.1 1,389.7 243.0 1,303.5 1,334.2 1,232.4 191.8 181.0 150.1 Q1 Q2 1H Q1 Q2 1H FY 2025 FY 2026 FY 2025 FY 2026
Slide 9: F&B Malaysia 1H FY2026 Financial Highlights
1H FY2026 FINANCIAL HIGHLIGHTS F&B MALAYSIA F&B MALAYSIA F&B MALAYSIA REVENUE OPERATING PROFIT RM Million RM Million Growth % +5.6 -1.0 +2.3 Growth % -14.6 -23.3 -18.3 1,551.0 1,585.9 174.7 142.8 101.4 769.3 812.4 781.7 773.5 86.6 73.3 56.2 Q1 Q2 1H Q1 Q2 1H FY 2025 FY 2026 FY 2025 FY 2026
Slide 10: F&B Indochina 1H FY2026 Financial Highlights
1H FY2026 FINANCIAL HIGHLIGHTS F&B INDOCHINA F&B INDOCHINA F&B INDOCHINA REVENUE OPERATING PROFIT RM Million RM Million Growth % -20.9 -16.9 -19.0 Growth % -31.8 -23.0 -27.6 1,171.2 253.6 948.4 183.6 619.6 133.3 551.6 120.3 490.2 458.2 91.0 92.6 Q1 Q2 1H Q1 Q2 1H FY 2025 FY 2026 FY 2025 FY 2026
Slide 11: Q1–Q2: Similar Challenges Across…
Q1–Q2: Similar Challenges Across… F&B MALAYSIA F&B INDOCHINA First half performance for both F&B Malaysia and F&B Indochina dampened by external factors and new business pillars
Slide 12: Stable Core Businesses Support New Business Pillars
Stable Core Businesses Support New Business Pillars in Q1 & Q2 Group Revenue : (6.9%) Group Operating Profit : (23.8%) BUSINESS AS USUAL ( BaU) NEW PILLARS DOMESTIC F&B EXPORT EX- F&B F&N MALAYSIA THAILAND MALAYSIA CAMBODIA AGRIVALLEY REVENUE RM Mil 0.3% (5.1%) 6.4% (95.6%) 238.2% vs LY vs LY vs LY
Slide 13: Market Sentiments
Market Sentiments
Slide 14: Q1 and Q2 outcomes are decisively addressed
Q1 and Q2 outcomes are decisively addressed, with focus evolving from managing sentiment softness to navigating larger structural and geopolitical disruptions with speed and discipline.
Slide 15: Middle East Geopolitical Developments Contributing to External Business Uncertainty
Middle East Geopolitical Developments Contributing to External Business Uncertainty…
Slide 16: Geopolitical Tensions in Iran Creating New Cost and Operational Headwinds
Geopolitical Tensions in Iran Creating New Cost and Operational Headwinds… COMMODITY COST ENERGY COST ELECTRICITY FREIGHT COST Raw Materials & Packaging Diesel & Natural Gas COST ALL THESE AND MORE AFFECT OUR GROUP SIGNIFICANTLY Refining Outputs Fuel / Diesel/ Natural Energy/ Transportation/ Bunker
Slide 17: Rising Costs are Shaping Consumer Sentiments more than Demand Weakness
Rising Costs are Shaping Consumer Sentiments more than Demand Weakness…
Slide 18: Iran Conflict Drives Heightened Cost Anxiety, Influencing Consumer Spending
Iran Conflict Drives Heightened Cost Anxiety, Influencing Consumer Spending Behaviour 1 Rising Cost of Living Anxiety • The Iran conflict raises inflationary concerns. • Consumers are mindful of cost pressures on fuel, food and transportation from oil-linked supply chains. 2 More Cautious Spending B
Slide 19: Targeted Tactical Actions to Safeguard Near-Term Profitability
Targeted Tactical Actions to Safeguard Near-Term Profitability Drawing on experience to make informed decisions now. Strategic Initiatives Continue with Momentum Applying proven strategies to navigate challenges and emerge stronger. Dairy Plant in F&N AgriValley Magnolia Relaunch Cambodia Cash Flow
Slide 20: Maintaining Interim Dividend Despite Challenging Operating Environment
Maintaining Interim Dividend Despite Challenging Operating Environment
Slide 21: 30 Sen Per Share Interim Dividend Maintained
MAINTAINED INTERIM DIVIDEND 30 SEN PER SHARE Backed by resilient cash flows and operational discipline, while advancing strategic investments As at Audited 31 Mar 2026 30 Sep 2025 Change Total Equity Note 1 (RM Mil) 3,915.5 3,879.1 36.4 Total Debts Note 2 (RM Mil) 648.4 656.2 -7.8 30.0 Cash & Cash E
Slide 22: F&N AgriValley (FNAV) Highlights
F&N AgriValley (FNAV) Highlights
Slide 23: What You See Today Began as a 35-Year-Old Oil Palm Plantation
What You See Today Began as a 35-Year-Old Oil Palm Plantation… Just over three years ago, this undulating land started a new journey, transforming into a fully integrated dairy farm, from crop to barn to factory, built thoughtfully with the environment in mind. Within our first year of operations, w
Slide 24: Strong Herd Performance Today Underpins Scalable Dairy Growth
Strong Herd Performance Today Underpins Our Scalable Dairy Growth Tomorrow… >8,000>3,000 >2 mil >25 TOTAL HERD LACTATING Litres MONTHLY TOTAL VOLUME Litres AVERAGE MILK COWS YIELD
Slide 25: Factory is equipped with Infusion Technology
Factory is equipped with Infusion Technology. Cream and Butter to follow…
Slide 26: Strong Foundation in Place. Now we define the Next Phase of Value Creation
Strong Foundation in Commercialisation Place. Now we 1 of fresh milk define the Next Phase of Value Cropping expansion 2 Creation… to lower feed cost
Slide 27: Strengthening Distribution and Trade Execution
Strengthening Distribution and Trade Execution Delivering Better Value with 100% Fresh Milk
Slide 28: Leveraging Ladang Pasir Besar and Ladang Londah for Feed Self-Sufficiency
Leveraging Ladang Pasir Besar and Ladang Londah for Self-Sufficiency in Feed and Cost Stability. LADANG PASIR BESAR LADANG LONDAH An area of 300 hectares has already been planted. Another 300 hectares ready to be planted by May. By the end of 2026, we anticipate a production of >50,000 tonnes of fee
Slide 29: Outlook
Outlook
Slide 30: Outlook
OUTLOOK We remain confident in our ability to navigate these challenges in stride through operational resilience and a balanced approach to risk management • Heightened global and regional geopolitical uncertainties, including conflict in West Asia, have led to higher input costs and elevated energy
Slide 31: Building a Strong Foundation Today to Deliver Sustainable Growth Tomorrow
Building a Strong Foundation Today to Deliver Sustainable Growth Tomorrow. FY2026 focuses on stabilising operations, driving productivity gains and managing market pressures as we build a platform for sustainable growth.
Slide 32: 1H FY2026 Highlights
1H FY2026 Highlights Delivering More Enjoyment, More Goodness
Slide 33: Packaging Refresh to Entice Consumers
PACKAGING REFRESH TO ENTICE CONSUMERS F&N SEASONS “Bila Rasa Real Baru Lebih Chill” LOT100 Feel the Sour+
Slide 34: F&B Indochina Engages with Operators and Consumers
F&B INDOCHINA ENGAGES WITH OPERATORS AND CONSUMERS Bear Brand highlights key benefits of “Natural Protein” Carnation and TEAPOT engage with operators
Slide 35: 100PLUS Continues to Cultivate Local Sports
100PLUS CONTINUES TO CULTIVATE LOCAL SPORTS
Slide 36: Awards & Recognition
Awards & Recognition
Slide 37: Recognition of Excellence and Achievement
RECOGNITION OF EXCELLENCE AND ACHIEVEMENT ASEAN Halal Brand Award 2025 Halal International Business Award Putra Brand Awards 2025 Malaysia’s Most Preferred Employers in 2026 Top 50 Excellence Award, Dragons of Malaysia 2025 in FMCG category at GCA 2025 National Corporate Governance & Sustainability
Slide 38: Delivering Care for Community & Planet
Delivering Care for Community & Planet
Slide 39: Caring for the Community
CARING FOR THE COMMUNITY Reaching out to >22,000 individuals through community initiatives and collaborations with partners
Slide 40: Caring for the Planet
CARING FOR THE PLANET >1,200 trees & mangroves planted @ Kota Kinabalu, Sabah Tun Fuad Stephens Darau Wetland Botanical Park Eco Tourism
Slide 41: Thank You
Thank You Visit us at www.fn.com.my
Fraser & Neave Holdings — 1H FY2026 Earnings Presentation on 6ix