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FMN Sugar Segment Food and Agro-Allied Group Improvement in bottom line off the back of revenue growth and increased operational efficiency Segment Revenue (N'bn) FY'21 FY'20 % Change Q4'21 Q4'20 % Change 28% FY'21 sales growth Revenue 124.6 97.6 28 34.4 30.0 15 Profit Before Tax 6.9 5.1 34 (0.1) (0.2) 76 DEN PENN FOODS GOOD FOOD OLDEN PENN FOODS 90 CUBES 500g GOLDEN PENNY RAW SUGAR 50kg GOLDEN PENNY Net WT PACKED FOR INDUSTRIAL USE ONLY WHITE CUBE SUGAR VITAMIN A FORTIFIED GOLDEN PENA LDEN FOODS The HOME of GOOD FOOD PREMIUM GRANULA SUGAR FOODS GOOD FOOD Sunti Brown Sugar OLDEN PENNY SUGAR 50kg 50kg 283bps FY'21 improvement in Sunti's EBITDA margin 76% FY'21 locally produced Brown Sugar volume growth . GSC operational excellence program continues to drive down production cost and ensure improvement in production process, maintenance and quality Solid backward integration investment plans in the sugar value chain to increase sugar cane production capacity Improved mechanical harvesting and loading capacity also implemented at Sunti plantation, contributing to the improvement in EBITDA margin Q4'21 loss driven by the impairment and upgrading of assets in Sunti during the year to further protect the facilities Locally produced brown sugar is establishing footprint in the B2B segment, with plans to also penetrate the retail market in Nigeria FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION FULL YEAR 2021 24

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