Investor Presentaiton
Group 2022 financial highlights
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Healthy EBIT growth despite
geopolitical risks and significant
macroeconomic volatility
EBIT grew 13.1% with positive EBIT
contribution by Remaining Olam Group
and strong performance by Olam Agri,
which grew its EBIT by 13.9% (S$857.7
million)
ofi delivered EBIT of S$746.5 million
and Adjusted EBIT of S$788.51 million.
despite surging inflationary costs and
higher depreciation and amortisation
from recent acquisitions
Operational PATMI declined 18.7% to
S$781.5 million against a strong prior
period and on significantly higher net
interest costs and tax provisions
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Strong cash flow generation
Disciplined capital management
Sale of 35.43% in Olam Agri for US$1.24
billion (S$1.7 billion): Released cash and
generated a net gain of S$1.2 billion in
capital reserves for the Group
Strong cash generation with FCFF and
FCFE of S$2.7 billion and S$1.9 billion
respectively
Working capital cycle time maintained
despite impact from higher commodity
prices
Robust cash position of S$4.8 billion,
with ample liquidity of S$24.6 billion and
diversified pools of capital
Reduced gearing at 1.47x (Dec-21:
1.72x); adjusted gearing net of RMI and
secured receivables at 0.64x (Dec-21:
0.75x)
$
Dividend
Olam
Final dividend of 4.5 cents per share
(2021 second interim dividend: 4.5
cents) in addition to interim dividend
of 3.5 cents (2021 interim dividend:
3.5 cents)
1 Excluding amortisation of acquired intangibles
Olam Group Limited Investor Presentation | May 2023
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