Investor Presentaiton

ofi 2022 results S$ Million EBIT S$ Million ofi make it real +3.9% Invested Capital +13.6% -9.0% 821 Global Sourcing +7.3% 746 692 Ingredients & Solutions 11,546 50% 10,762 45% 45% 8,943 39% 43% 55% 50% 55% 57% 57% 61% 2020 2021 2022 Restated Restated EBIT/MT (S$) 212 223 208 +5.8% -7.1% Adjusted EBIT 704 849 789 (S$) 43% Dec-20 Restated Dec-21 Restated Dec-22 EBIT/IC 7.9% 8.3% 6.7% • • • ofi's EBIT decreased 9.0% against a high base of 2021 which had benefited from Covid-19 bounce-back. Adjusted EBIT was down 7.1% year-on-year. Headwinds from China's unexpected lockdown and sudden and unprecedented surge in energy costs impacted Global Sourcing and Ingredients & Solutions segments respectively. New contracts from Q2 2022 are passing through higher input costs, driving improved EBIT/MT in H2 2022. Olam Group Limited Investor Presentation | May 2023 • IC increased 7.3%, driven by Ingredients & Solutions segment due to acquisitions and greenfield investments, partly offset by lower capital in Global Sourcing, as we maintained operational control on working capital, even amid inflationary pressures. Not for distribution in the United States, the United Kingdom, European Economic Area, Canada, Australia or Japan 31

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