Investor Presentaiton

FMN Key Messages • • • • • Food and Agro-Allied Group Flour Mills of Nigeria Plc continues its strong and resilient performance in a challenging and volatile environment with accelerated Q4 growth vs last year (Q4'21 vs Q4'20: Revenue +44%, EBT +161% and PAT +215%) The Group delivers impressive FY topline growth across all business segments with an average revenue increase of 34%, led by growth in Agro-allied combined with investments in route-to-market and accelerated expansion in the B2C segments FY and Q4'21 profit after tax up by 126% and 215% respectively Strong organic growth seen with sustained progress in product innovations and transformation in exciting markets as well as operational efficiencies Expansion of the backward integration program across all value chains Successfully issued N30bn corporate bond with tenor of 5 and 7 years at 5.50% and 6.25% respectively to replace expensive short-term facilities FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION FULL YEAR 2021 5

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