Investor Presentaiton
Food & Feed - Origination & Merchandising: Resilient performance despite
disrupted trade flows
S$ Million
EBIT
Olam Agri
+18.5%
S$ Million
Invested Capital
+31.7%
-1.6%
Working Capital
Fixed Capital
+65.8%
267
263
1,411
187
2020 Restated
2021
2022
EBIT/MT (S$)
6
8
8
813
851
1,211
677
657
136
194
200
EBIT/MT (S$)
Dec-20
Restated
34.7%
Dec-21
Dec-22
32.1%
23.2%
Against a strong prior year, Grains & Oilseeds trading reported lower
earnings in 2022 on reduced exports out of Russia and Ukraine; some of
the reduced volumes were compensated by higher sales volumes out of
other origins, including North and South America, India and Australia.
Freight business grew earnings on account of a larger freight capacity
compared with 2021, supported by higher freight rates.
Rice remained resilient despite export ban by India, with strong footholds
in new markets across North Africa and the Middle East where demand is
rising; Edible Oils' demand and sales remained buoyant during the year
despite elevated prices.
Olam Group Limited Investor Presentation | May 2023
IC markedly higher, driven by significantly higher working
capital arising from the steep rise in grains and oilseeds
prices and continuing supply chain disruptions.
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