Dutch Lady Milk Industries Bhd. · MYX:DLADY
Dutch Lady Milk Industries Bhd — Shareholder Meeting (May 2026)
32 slides from Dutch Lady Milk Industries Bhd's shareholder meeting presentation, May 2026
Slide 1: Nourishing our Nation - 63rd Annual General Meeting
Nourishing our Nation 63rd Annual General Meeting Financial Year 2025
Slide 2: FY2025 At a Glance
FY2025 At a Glance Financial Year 2025 -transition to acceleration. IMPACTFUL INNOVATION SOCIETAL FINANCIAL HIGHLIGHTS Launched Dutch Lady Supporting child nutrition Revenue Omega 3*6 RTD through the School Milk RM Supporting children’s brain 1.50 bn +3.8% development and overall growth. Program Gro
Slide 3: Agenda
01 Financial Performance Strategic & Growth Thesis Agenda 02 03 Operational & Commercial Acceleration 04 Sustainability 05 2026 Outlook & DLMI Growth Drivers 06 Q&A
Slide 4: 2025 Financial Performance
SECTION 01 2025 Financial Performance REVENUE AT MARGINS CASH GENERATION A RECORD EXPANDING STRONG DLMI · Annual General Meeting 2026
Slide 5: Volume strength and margin expansion
FY2025 Financial Performance Volume strength and margin expansion translate into significant operating profit growth. Revenue Gross Profit Operating Profit Net Profit +3.8% YoY | RM 1.50 bn +7.3% YoY | RM 435.7 m +17.8% YoY | RM 154.7 m +6.9% YoY | RM 103.3 m RM million RM million RM million 154.7 R
Slide 6: Four product segments delivering RM 1.5 bn
Revenue · Revenue Bridge · Operating Profit Four product segments delivering RM 1.5 bn Growth fueled by Liquid Milk, Professional and new launches. FY2025 NSV Mix · RM 1.5 bn +55.3 (+3.8%) 8% 11% +10.4 +3.7 +26.3 NSV 1,445.1 +55.5 1,500.4 RM 1.5 Bn 50% -15.1 -25.5 31% yes Dutch Lady Liquid Milk (CD)
Slide 7: Operating profit increased to RM154.7 m
Revenue · Revenue Bridge · Operating Profit Operating profit increased to RM154.7 m - up 17.8%, supported by FX and one-off transition benefits. Operating Profit Bridge +23.3 (+17.8%) • 2024 – 2025 (RM millions) 8% 11% +23.3 (+17.8%) +21.4 154.7 1. Volume & +25.0 +7.7 50% +6.6 mix: +7.7 131.4 -4.6 3
Slide 8: Strong cash generation, normalising CAPEX, improved inventory
Cash, Capex & Inventory Strong cash generation, normalising CAPEX, improved inventory Operating Capital Expense Cash Balance Inventory Cash Flow −24% YoY · RM 101 m +94% YoY · RM 92.6 m −7% YoY · RM 219 m +88% YoY · RM 159.9 m RM million RM million RM million RM million 209.1 261 250 250 120 92.6 30
Slide 9: Quarter 1 2026 Quarter Results
2026 QUARTER 1 RESULTS
Slide 10: Q1'26 - Strong volume momentum and a cleaner cost base
Q1 2026 Performance Q1’26 - Strong volume momentum and a cleaner cost base drive record Q1 revenue and double-digit profit growth. Revenue Operating Profit Net profit Highest quarterly revenue on record +21.5% YoY · RM 42.2 m +19.7% YoY · RM 30.0 m +6.5% YoY · RM 397.8 m RM million RM million RM mil
Slide 11: Q1'26 Operating profit increased to RM42.2 m
Q1 2026 Performance Q1’26 Operating profit increased to RM42.2 m up 7.5%, supported by FX and one-off transition benefits. Operating Profit Q1, 2024 – Q1, 2025 +23.3 (+21.6%) (RM millions) 8% 11% +7.5 (+21.6%) +3.7 +8.3 42.2 1. One-off +8.3 transition 50% +3.3 +2.8 31% 2. FX: +3.7 34.8 -1.2 -7.3 -2.
Slide 12: Dividend Payment
Dividend Payment RM 0.25 per interim through 2025; stepped up to RM 0.30 first interim for FY2026 as the investment cycle completes. Dividend of RM 0.25 per share in H1 and H2 2025 — in line with 2024 — supporting internal financing through the final phase of the Enstek manufacturing facility transi
Slide 13: Strategic & growth thesis
SECTION 02 Strategic & growth thesis A nation moving towards better nutrition. Nourishing the society to drive meaningful progress. DLMI · Annual General Meeting 2026
Slide 14: Nutrition insights drive product innovation and purpose
Nutrition Insights → Innovation Nutrition insights drive product innovation and purpose. Consumer nutrition insights enable DLMI to design products that address Malaysia's key nutritional challenges. SEANUTS Enhancing essential Southeast Asian Nutrition Surveys, micronutrients to support routine dai
Slide 15: Growing national focus on child nutrition strengthens dairy relevance
National Focus On Child Nutrition Growing national focus on child nutrition strengthens dairy relevance. NEWS · MALAYSIA RISING CHILD NUTRITION CHALLENGE Child stunting increased to 21.2% in 2022, Provide milk subsidies to fight child up from 17.7% in 2015. Malaysia is stunting, govt told reportedly
Slide 16: Malaysia's dairy consumption gap creates a long-term growth opportunity
Malaysia's Dairy Consumption Gap Malaysia's dairy consumption gap creates a long-term growth opportunity. DLMI OPPORTUNITIES ADOLESCENTS AGE 10-19/ ADULTS AGE 18+ Nutritious & Affordable Start of the Day 2.9% / 0.7% • Breakfast remains the largest dairy consumption occasion in Malaysia. • 89% of Mal
Slide 17: Operational & commercial acceleration
SECTION 03 Operational & commercial acceleration DLMI · Annual General Meeting 2026
Slide 18: DLMI@Enstek — integrated plant enabling scale, efficiency and future growth
Science-Backed Innovation for Children's Growth DLMI@Enstek — integrated plant enabling scale, efficiency and future growth. Advanced & highly automated manufacturing supporting quality, efficiency & consistency at scale. ~2× production capacity vs Petaling Jaya, providing long-term growth headroom.
Slide 19: Brand leadership driven by innovation and strong commercial execution
Brand Leadership · Innovation & Execution Brand leadership driven by innovation and strong commercial execution. MARKET POSITION MARKET POSITION #1 Liquid Milk Brand #1 IFT Milk Brand in Malaysia 41.8% in Malaysia 24.6% Value share Value share Nielsen FY 2025 Nielsen FY 2025 FIT TO WIN PORTFOLIO LAU
Slide 20: Dutch Lady Omega 3*6, pioneer in smart brain RTD
Brand Leadership · Innovation & Execution Dutch Lady Omega 3*6, pioneer in smart brain RTDm Nourishing our Nation
Slide 21: Nutrition-led innovations build on essential nutrition
Science-Backed Innovation for Children's Growth Nutrition-led innovations build on essential nutrition Life-stage relevant. LAUNCH 02 · DUTCH LADY MaxGro 2.0 Omega 3*6 Strategic framework redefined — clinically proven growth nutrition for The first 5 years shape how a child thinks, learns and grows
Slide 22: Q1 2026 Ramadan activation
Q1 2026 Ramadan Activation Q1 2026 Ramadan activation — winning the Sahur consumption occasion. SAHUR CONSUMPTION OCCASION LEVERAGING KEY INFLUENCERS & LIVESTREAM COMMERCE Activating Dutch Lady at Sahur — when energy Nutrisi No.1 1.28 M 8,720 Sahur untuk Menyokong and nutrition decisions are made fo
Slide 23: 2026 packaging refresh
2026 Packaging Refresh 2026 packaging refresh — strengthening brand standout and consumer relevance. THE NEED TO EVOLVE WHAT'S BETTER Stronger brand & shelf standout Clearer benefit communication "Build Strong Body" positioning strengthens core nutrition proposition Heavy focus on functional nutriti
Slide 24: Taste leadership reinforces Dutch Lady's consumer preference
Taste Leadership · 2026 Consumer Test Taste leadership reinforces Dutch Lady's consumer preference. Consumer research shows Dutch Lady leading in taste preference across Full Cream and Chocolate, while remaining highly competitive in Fresh Milk. FULL CREAM CHOCOLATE FRESH MILK Most preferred No.1 mo
Slide 25: FrieslandCampina Professional accelerating out-of-home growth
PLAY THE FrieslandCampina Professional DUTCH LADY TEA LIVE FrieslandCampina Professional VIDEO accelerating out-of-home growth. STRONG 2025 OPPORTUNITIES STRATEGY +7% Rapid café & Growing coffee & • • Menu co-creation with partners Tailored dairy solutions — cost & Volume growth bakery expansion tea
Slide 26: Dutch Lady x Tealive
New Launch DUTCH LADY X TEALIVE Driving Growth Through Progressive Innovation A strategic collaboration between Dutch Lady & Tealive – bringing nutrition into exciting new consumption moments. ELEVATE OCCASIONS Winning younger consumer’s Moments, in home & on-the-go LIFESTYLE RELEVANCE Tapping into
Slide 27: Sustainability
SECTION 04 Sustainability DLMI · Annual General Meeting 2026
Slide 28: Measurable progress across Nutrition, People, Planet and Foundation
Sustainability Performance · FY2025 Measurable progress across Nutrition, People, Planet and Foundation. Anchored in global & local alignment — UN SDGs, FrieslandCampina, NETR, NSRF, NAP 2.0, Halal Industry Master Plan, Malaysia Madani. NUTRITION PEOPLE PLANET FC Nutritional Healthier Choice Logo He
Slide 29: 2026 outlook & Growth drivers
SECTION 05 2026 outlook & Growth drivers DLMI · Annual General Meeting 2026
Slide 30: Outlook 2026: Acceleration with Discipline
Outlook 2026 · Acceleration with Discipline Outlook 2026: Acceleration with Discipline. DLMI expects continued revenue growth supported by innovation and channel expansion, while operational discipline and Enstek efficiencies support margin resilience. MANAGEMENT DRIVER WATCHPOINTS ACTIONS Strengthe
Slide 31: Managing geopolitical volatility — safeguarding supply continuity
Managing Geopolitical Volatility · Supply, Affordability & Profitability Managing geopolitical volatility — safeguarding supply continuity, affordability and profitability. DLMI continues to proactively manage evolving geopolitical risks through early mitigation actions, supply resilience and discip
Slide 32: Five structural advantages reinforcing leadership and sustainable growth
DLMI Growth Drivers Five structural advantages reinforcing leadership and sustainable growth. 01 02 03 04 05 Market Nutrition Expert Innovation & Scale & Efficiency Distribution Leadership & Thought Leading Portfolio Enstek Stronghold & Brand Trust Insight Competitiveness • #1 market share in RTD an
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