Investor Presentaiton

Agro-Allied Segment Maintained profitability driven by resilience in the Feeds and Oil and Fats business AGRO ALLIED SEGMENT 4% H1'24 H1'23 % Chg Q2'24 Q2'23 % Chg H1'24 PFM Volume Growth Revenue 143.2 153.9 (7) 63.4 88.2 (28) Profit before tax 7.8 7.5 4 3.2 5.3 (39) Agro-Allied 5-year PBT Trend 7.5 7.5 6.3 7.8 20% H1'24 PFM Revenue Growth FMN Food and Agro-Allied Group The Fertilizer business witnessed a 23% and 17% drop in volume and revenue due to raw material scarcity. A strategic partner has been engaged in raw material swap deals with the business to ensure raw material supply. Animal feeds business achieved 20% revenue growth driven by 4% growth in volume, better distributor partnerships and farmer training initiatives. Oil and fats business recorded 206% increase in export operations. The business also engaged in a new toll milling contract in Northern Nigeria and launched a new product the Choco spread targeted at the B2C market segment and to increase its market share. 0.0 H1'20 H1'21 H1'22 H1'23 H1'24 206% H1'24 PEOPL Export Revenue Growth FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24 Sizzle with the Goodness of Pure Soya Oil! Golden penny Soya CON Golden Penny Pure Soya Oil

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