Fraser & Neave Holdings Bhd. · MYX:F&N
Fraser & Neave Holdings Bhd — H1 2024 Earnings Presentation
51 slides from Fraser & Neave Holdings Bhd's earnings presentation, May 3, 2024
Slide 1: FY2024 First Half Year Financial Results Briefing
FY2024 FIRST HALF YEAR FINANCIAL RESULTS BRIEFING
Slide 2: Important Notice
Important Notice 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 actual res
Slide 3: 1H FY2024 F&NHB Group Financial Highlights
1H FY2024 F&NHB Group Financial Highlights Overall improved Group performance driven by effective sales execution during festive seasons and early sell-in for Hari Raya, as well as higher export and net favourable input costs. 3
Slide 4: 1H FY2024 F&NHB Group Financial Performance
1H FY2024 F&NHB Group Financial Performance Strong 1H performance driven by robust festive sales and better margin * Adjusted +60.9% * Adjusted * Adjusted +56.8% +65.2% * Excluding one-off non-operating items i.e. fair value gain on remeasurement of Cocoaland recognised in 1H FY2023 (RM89.3m), insur
Slide 5: F&B Malaysia
High revenue and operating profit F&B Malaysia - driven by festive sales, early sell-in for Hari Raya and improvement in margins 1H FY2024 v 1H FY2023 ➢ Revenue +9.1% • Improvement in festive sales; • Early sell-in for Hari Raya compared to previous year; • Higher exports • Contribution from the foo
Slide 6: F&B Thailand
Maintained its market leadership in the sweetened F&B Thailand condensed milk and evaporated milk categories 1H FY2024 v 1H FY2023 ➢ Revenue +13.0% (+8.4% in THB) • Successful launch of new product pack size in Q1 FY24 and successful campaigns/loyalty programmes; • Higher exports to Indochina and ot
Slide 7: Proposed Interim Dividend of 30 sen/share, up 3 sen
Proposed Interim Dividend of 30 sen/share, up 3 sen (2023 : 27 sen/share) Full Year ▪ Directors recommend an interim single tier 1H FY 24 Change FY 23 dividend of 30.0 sen per share (2023: 27.0 sen Total equity Note 1 3,343.2 3,505.5 4.9% per share), bringing total payout of RM110.0m (RM'mil) (2023:
Slide 8: Half Year Highlights
i) Ks. > 2 NEAVE HOLDINGS BHO ‘ an FRASER! (=) a ) QO Es A FE HALF YEAR HIGHLIGHTS
Slide 9: Festive Campaigns
i) Ks. > 2 NEAVE HOLDINGS BHO ‘ an FRASER! (=) a ) QO Es A FE FESTIVE CAMPAIGNS
Slide 10: 100PLUS CNY Festive Campaign
100PLUS CNY Festive Campaign
Slide 11: Sarsi & Orange Crush in Everyone's Favourite Classic Recipe
Sarsi & Orange Crush in Everyone’s Favourite Classic Recipe
Slide 12: CNY Campaign For Wellness Range
CNY Campaign For Wellness Range
Slide 13: Carnation CNY Campaign
Carnation CNY 360 Campaign Carnation encourages new Richer Twists to CNY dishes 13
Slide 14: LOT100 launches limited-edition flavours for CNY
LOT100 launches limited-edition flavours in Heng Ong Huat for CNY 14
Slide 15: 100PLUS Kipid Stedi Ramadan Campaign
100PLUS Kipid Stedi Ramadan Campaign 15
Slide 16: Slide 16
Slide 17: Getting into the spirit of Raya with MTV with Iman Troye
Getting into the spirit of Raya with MTV with Iman Troye 17
Slide 18: NONA's Seenak Rasa Semeriah Raya Campaign
NONA’s Seenak Rasa Semeriah Raya Campaign
Slide 19: Unveiling NONA's Hari Raya Block Displays
UNVEILING NONA’S HARI RAYA BLOCK DISPLAYS
Slide 20: NONA collaborates with Khairulaming for Hari Raya
NONA collaborates with Khairulaming for Hari Raya 20
Slide 21: New Look, New Packaging
Es | FE NEW LOOK, NEW PACKAGING
Slide 22: F&N SEASONS launches new advertisement with influencer Imran Bard
F&N SEASONS launches new advertisement with influencer Imran Bard 22
Slide 23: Cocoaland Brand Revamp
Cocoaland Brand Rehaul 23
Slide 24: Key Highlights on F&N Dairies Thailand
KEY HIGHLIGHTS ON F&N DAIRIES THAILAND
Slide 25: FNDT Carnation Operator Campaign
FNDT Carnation operator FNDT campaign CARNATION Operator Campaign until Sept 2024 25
Slide 26: Thailand TEAPOT Use More, Get More Campaign
Thailand TEAPOT “Use More, Get More” Campaign 26
Slide 27: Thailand: Evap UHT 1 Litre Hit 100,000 Cases In March 2024
THAILAND : Evap UHT 1 Litre Hit 100,000 Cases In March’24 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Sales Performance (volume - ‘000 cases) 27
Slide 28: Thailand BEAR BRAND Thematic and Mother's Day Campaign
Thailand BEAR BRAND Thematic and Mother’s Day Campaign 28
Slide 29: Community Engagement
(=) Q | Q S a ~ (iy ol COMMUNITY ENGAGEMENT QO i)
Slide 30: Ramadan CSR Events
RamadanCSR Ramadan CSR Events Events >3,500 Beneficiaries >15 >20 Stakeholders Programmes nationwide 30
Slide 31: Our Awards & Recognition
OUR AWARDS & RECOGNITION Graduates’ Choice Award S&P Global Top 3 Graduates’ Choice of Global Top 6 Companies among Employer To Work For in 2024 the Beverages sector in S&P Fast Moving Consumer Goods Global ESG Score Fraser & Neave Holdings Bhd (Score date: April 2023) The Building Trust Awards 2023
Slide 32: Capital Expenditures
Es | FE CAPITAL EXPENDITURES
Slide 33: Close to RM1.5b invested on CAPEX and acquisitions over 5 years
Over the past 5 years, we have invested close to RM1.5b on CAPEX and business acquisitions (excluding dairy farm) to enhance resiliency of our Group RM182m Automatic Storage Retrieval System (ASRS) Integrated Warehouse in Shah Solar PV panels in Alam, Malaysia Shah Alam, Pulau Indah, - Fully operati
Slide 34: Latest Investment In Cambodia to Strengthen the Group's Dairy Business
Latest Investment In Cambodia to Strengthen the Group’s Dairy Business WWTP Plant • In February, F&NHB announced plans to construct a Utility Plant manufacturing plant in Admin. Office Cambodia’s Suvannaphum Special Economic Zone, through an estimated investment of approximately US$37.5 million (RM1
Slide 35: What's Coming Next?
(=) (8) | YQ S a ~ (iy - WHAT'S COMING NEXT? QO i)
Slide 36: 100PLUS Kipid100 Malaysia Campaign
100PLUS Kipid100 Malaysia Campaign Encouraging national athletes to KIPID100 at Olympic Games 2024 36
Slide 37: Gazelle Activation
GAZELLE ACTIVATION PROPRIETARY & CONFIDENTIAL Copyright © 2023 Shopper360 Group of Companies. All rights reserved.
Slide 38: F&N Flavoured CSD appeals to Gen Zs with Gempak 2.0 campaign
F&N Flavoured CSD appeals to Gen Zs with Gempak 2.0 campaign 38
Slide 39: The Garfield Movie x Magnolia Campaign
The Garfield Movie x Magnolia Campaign COMING SOON!
Slide 40: Q3 campaign to call out strong product USP
Q3 campaign to call out strong product USP and build brand relevancy 40
Slide 41: Outlook
i) \ (=) a Es A FE OUTLOOK
Slide 42: Outlook
Outlook • First half of the year was heavily skewed to festive sales, we are mindful of performance in the second half. • We will remain vigilant and adaptable to market shifts and wider geopolitical and macroeconomic movements. • Although we have benefited from an overall improvement in commodity p
Slide 43: 5-Year Key Commodities Spot Price Chart
5-Year Key Commodities Spot Price Chart Prices for most commodities have stabilised, except for cocoa powder, gelatine, tinplate, palm oil, white rice and sugar, which remain high in 2024 43
Slide 44: Key Highlights of F&N's Integrated Dairy Farm
Key Highlights of F&N’s Integrated Dairy Farm
Slide 45: F&N's Integrated Dairy Farm Vision and Mission
F&N’s Integrated Dairy Farm Vision To improve the nutrient intake of Malaysians by making FRESH MILK available in every Malaysian’s fridge, on every dining table and in every dairy product. Mission To produce world class milk at lowest possible cost via an integrated farming model and by partnering
Slide 46: Progress So Far… Key Milestones
Progress So Far… Key Milestones Ground-Breaking Ceremony in Land Preparation Progress – ON Land acquisition was completed on Gemas, Negeri Sembilan on TRACK 11 October 2022 for RM215.6m 15 June 2023 Land Clearance Status as of 15 Sept 2023 – 500 acres land cleared Started the approval process with t
Slide 47: Best-In-Class USA Holstein Cows Selected
Best-In-Class USA Holstein Cows Selected
Slide 48: 48
48
Slide 49: Closing Remarks
(=) Es | FE CLOSING REMARKS
Slide 50: Prioritise Delivery Of Short to Medium Term Performance While Investing For Long-Term Growth
Prioritise Delivery Of Short to Medium Term Performance While Investing For Long-Term Sustainable Growth • In this first half of the year, the Group delivered positive performance attributed by strong festive sales. Here are our Top 3 priorities in the second half of the year: Continued Growth Momen
Slide 51: Forward Together
FO WARD TOGETHER
Fraser & Neave Holdings — H1 2024 Earnings Presentation on 6ix