Investor Presentaiton
Outlook
•
•
•
.
.
•
FMN
End Agro-Allied Group
The business model has been stress tested over the years and the Group has shown its agility and ability to
deliver solid profits in challenging conditions
We will continue to fill the needs of the consumers with route to market and new product initiatives across
the group and drive the B2C/consumer segments across the Group.
Increase operational efficiency with accelerated plans for cost optimizations across the Group to ensure
competitive product offerings and profitability in the new operating environment.
Continuous focus on managing the balance sheet for efficiency, to ensure optimal allocation of capital and
reduced funding costs.
We are continuously assessing the model and anticipate further structural optimizations, as per what was
seen with the Power Company.
We are comfortable that the interest costs will also reduce as the backlogs are being settled and we have
restructured the borrowing profile with N85bn of CPs being raised at an average rate of 12.6% replacing
higher priced overdrafts.
FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24View entire presentation