Investor Presentaiton
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Attractive industry dynamics driven by strong structural
growth in protein consumption
JAPFA
Poultry Meat Consumption per capita in Asia
(kg per capita - 2022)
Malaysia
50.1
Vietnam
17.2
Philippines
14.3
Thailand
8.7
Indonesia
8.2
India
2.7
Consumption / Capita (Kg)
Poultry meat consumption has increased in tandem
with GDP in Indonesia
9 kg
2017
2016-
8 kg
2015
2019
7 kg
2018
6 kg
2011
2010
2014
5 kg
2009
2013
2012
4 kg
3 kg
2 kg
1 kg
kg
2500
3000
3500
GDP/Capita (USD)
4000
4500
Ample room for sustained growth in business locations with some of the lowest poultry consumption per capita rates in
Asia
"Meat-of-choice" given poultry's relative affordability, religious neutrality, consumer preference and increasing
penetration and popularity of quick service restaurants
Potential upside as diets evolve to include more meat-based protein from the currently carbohydrate-heavy diets
From 2009 to 2019, the poultry meat consumption per capita growth in Indonesia outpaced Indonesia's GDP per capita,
recording a 7.1% CAGR growth and 4.1% CAGR growth over the period respectively
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Source: BPS Indonesia; IMF, WEO October 2020, Frost & Sullivan 2020, OECD (2022), Meat consumption (indicator, data extracted on 15 February 2023)View entire presentation