Investor Presentaiton

Net Debt FY'23 Net Debt Evolution 284.8 (152.0) Driven by deposit for LC & tax payment offset by customer deposits Driven by Net deposit for FX New bid & Deliveries 10.0 10.0 9.0 25.8 1.0 Payables Driven by new Shipments, FX impact, local suppliers and CBN delayed deliveries Other working capital EBITDA Receivables Cash Capex CBN Prepayment FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24 Tax 17.6 30.0 264.9 28.7 Driven by additional stocks in Sugar, Honeywell and Agro- Allied off-set by rebalancing in Bagco & Food Inventory Interest Net Debt Q2'24 FMN Food and Agro-Allied Group

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