Yeo Hiap Seng Ltd · SGX:Y03
Yeo Hiap Seng — Shareholder Meeting (April 2024)
43 slides from Yeo Hiap Seng's shareholder meeting presentation, Apr 26, 2024
Slide 1: Yeo Hiap Seng Limited 68th Annual General Meeting
Yeo Hiap Seng Limited “68th Annual “is General Meeting 26 April 2024
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: FY2023 Financial Highlights, Business Highlights, Outlook
FY2023 Financial Highlights FY2023 Business Highlights Outlook for FY2024
Slide 4: Financial Highlights
Slide 5: FY2023 financial results summary
S$ million FY2023 FY2022 Y/Y Total Revenue 332.7 358.1 -7.1% Core Yeo’s F&B Revenue 296.4 318.5 -6.9% Gross Profit 108.0 107.4 0.6% GP Margin 32.5% 30.0% 2.5pp EBIT 13.2 6.9 91.3% EBIT Margin 4.0% 1.9% 2.1pp Net Profit 6.7 2.4 >100% Net Margin 2.0% 0.7% 1.3pp EPS (S cents) 1.1 0.4 >100%
Slide 6: Revenue by market
Other International Malaysia Singapore Indochina China Indonesia Markets Non-Yeo’s • • • • • • •
Slide 7: Balance sheet
S$ million 31 Dec 2023 21 Dec 2022 Total Assets 647.3 658.0 Cash and Cash Equivalents 64.1 215.1 Other Financial Assets (Fixed deposits more than 3 months) 176.0 - Cash at bank 240.1 215.1 Trade and Other Receivables-current 64.7 67.2 Inventories 53.8 61.3 Current Assets 358.6 343.7 Property, Plant
Slide 8: Cash flow
S$ million 12M FY2023 12M FY2022 Beginning cash and cash 215.1 230.9 equivalents Net cash flow from operating 30.0 7.4 activities Capital expenditure, net (6.6) (14.7) Net cash Flow used in investing (174.2) (16.2) activities Free cash flow (Net cash flow from 23.4 (7.3) operating activities less ca
Slide 9: Business Highlights
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Slide 10: Business Highlights in 2023
Business Highlights in 2023 Refresh Core Beverage Business with a Strong Brand Relaunch Brand Building to create awareness through Earned Media [PR] Partnership to step up Yeo's Visibility in-stores
Slide 11: Strengthen Core Business: Refreshing Iconic Asian Heritage Drinks
Strengthen Core Business: Refreshing Iconic Asian Heritage Drinks yeos J Goodness from Nature in New Vibrant Designs S LESS SUGAR LYCHEE . {YONEE FLAVOURED DR Bitik Onginal Crap.
Slide 12: Roll-out Ongoing for Rest of World in 2024
Roll-out Ongoing for Rest of World in 2024
Slide 13: Immersive Installation Inspired by Yeo's Chrysanthemum Tea
Immersive Installation Inspired by Yeo’s Signature Drink - Chrysanthemum Tea Collaboration with Premier Horticultural Destination, Gardens by the Bay , WS he d ~ oa . aos
Slide 14: Awarded Campaign of the Year in FMCG Asia Awards 2023
Awarded Campaign of the Year in FMCG Asia Awards 2023 SINGAPORE THE STRAITS TIMES et An immerse ornate caren Hes Popped seni ; The best things to doin Singapore this weekend (Sep 29-Oct 1) te mot a ournetend wth sar pt ree send mare FMCG ASIA AWARDS: THESMARTLOCAL (3) Biseits 43 Best Things To Do in
Slide 15: Showcase for Chrysanthemum Tea Cooling and Calming Properties
Showcase for the Exceptional Cooling and Calming Properties of Yeo’s Chrysanthemum Tea
Slide 16: Limited Edition Heritage Drinks for 50th Anniversary
Exclusive Limited Edition Heritage Drinks for their 50th Anniversary FairPrice maw LY 4 , seh\ With) PAU UAL ( Limited Edition. specially Crafted. 2S) — | MAlceWera’Bits} Burst of joy with Lychee
Slide 17: Business Highlights in 2023
Business Highlights in 2023 Strengthen In-store Visibility to create Flagship Stores Partnership to improve our overall brand awareness
Slide 18: Flagship store execution in International Markets
Flagship store execution in International Markets - a! \ Newcastle— HiYoU Supermarket London - Chinatown- WonderfulPastisserie
Slide 19: Flagship store execution in International Markets
Flagship store execution in International Markets - ey A neal : = ' aos sien (MT New YearPromotionIn- -store display
Slide 20: Flagship store execution in International Markets
Flagship store execution in International Markets - MarketcityPIK, Jakarta
Slide 21: Exclusive Recipes Using Yeo's Sauces [UK]
Exclusive Recipes Using Yeo’s Sauces [UK] — 7 a CHICKEN = PRAWN LAKSA -y
Slide 22: Summer Promotion to Win Holiday to Singapore
Summer Promotion to Win Holiday to Singapore
Slide 23: Business Highlights in 2023
Business Highlights in 2023 First Harvest Green Tea in Malaysia / Singapore Brown Sugar Soy Milk in Malaysia / Singapore Green Tea Aloe Vera in Cambodia
Slide 24: Malaysia / Singapore
Malaysia / Singapore
Slide 25: Malaysia / Singapore
Malaysia / Singapore HEALTHIER INDULGENCE
Slide 26: New Product Launch: Green Tea with Aloe Vera
New Product Launch: Green Tea with Aloe Vera Cambodia yeoe launnTAg US
Slide 27: Business Highlights in 2023
Business Highlights in 2023 Connect with New Consumers Drive Sampling to reconnect with Gen Z with core top-selling products across markets Communities Engagement Serving our communities with employees’ participation
Slide 28: Malaysia launch event & digital activation with sampling truck
Malaysia launch event & digital activation with 20-footer Yeo’s sampling truck
Slide 29: Singapore Youth Engagement Highlight: POSB Kids' Run / Mid-Autumn Festival
Singapore Youth Engagement Highlight: POSB Kids' Run / Mid-Autumn Festival > POSB's Kids’ Run engaging with Mid-Autumn Festival celebrations at Gardens by the Bay younger generation at family events
Slide 30: Singapore Youth Engagement Highlight: Sentosa Food Truck Festival
Singapore Youth Engagement Highlight: Sentosa Food Truck Festival
Slide 31: Cambodia's Launch with Media Influencers & Schools
Cambodia's Launch with Media Influencers & Schools
Slide 32: Maximilian Maeder, World Champion for Formula Kite
Maximilian Maeder, World Champion and 3-time World Youth Champion for Formula Kite
Slide 33: Donations to Johor flood victims and National Museum of Malaysia sponsorship
Donations to Johor Queen's Charity Foundation to Main sponsor for National Museum of Malaysia’s help flood victims in the State of Johor 60th-anniversary celebrations I NG TENG FONC DONATION DRIVE FOR FLOOD VICTIMS/RELIEF IN THE STATE OF JOHOR bar”: YAYASAN RAJA ZARITH SOFIAH NEGERI JOHOR fucwsa THR
Slide 34: Serving our Communities (Singapore)
Serving our Communities (Singapore) Fes) Participation in National Day Parade [450,000 packs at NDP) Partnership with MOM for migrants’ days Fundraising for disability at Puple Parade
Slide 35: Joining forces with Alfamart to support war veterans in Jakarta
Joining forces with Alfamart to support war veterans in Jakarta and surrounding areas
Slide 36: Yeo's supports Cambodian Children's Fund
Yeo’s supports Cambodian Children’s Fund with daily healthy meals for brighter futures
Slide 37: Awards & Recognition
Business Highlights in 2023 Awards & Recognition
Slide 38: Awards & Corporate Governance Recognition
Awards & Corporate Governance Recognition yeos J Great Place i[e) Work. Certified JUL 2023-JUL 2024 KHM Singapore Corporate Awards 2023 Yeo's Singapore wasrecognisedas Yeo's Cambodia achieved Best Investor Relations Award one of HR Asia's Best Companies to being Certified™ asa (Mid-Cat category] Bro
Slide 39: Outlook for FY2024
Slide 40: Our Strategic Directions
Our Strategic Directions Grow Yeo’s Food and Beverage Profitably via: * Grow Core Yeo's F&B & Expand into New adjacent Segments (First Harvest Green Tea & Soy Immuno) ¢ Winning Executions with Customers & External Partners starting from Home Markets * Step up Operational Efficiency
Slide 41: Choiceful Investment to:
Choiceful Investment to: Rejuvenate manufacturing network Upgrade IT System Boost capabilities in Marketing & Route-to-market
Slide 42: Outlook for FY2024
Outlook for FY2024 ¢ Business environment marked by sustained high operating cost inflation and Strong Singapore Dollars. ¢ Grow Core F&B business with Innovation & brand building. ¢ Sustained cost control to improve financial performance.
Slide 43: Thank You
Thank You 68th Annual General Meeting