Investor Presentaiton

FMN FY2021 at a Glance Food and Agro-Allied Group Robust performance across all the business segments, led by Agro allied and supported by all other segments 1 • • • • ST Continued focus on local content with further backward integration investments and strategic partnership with FMAN Focus on retail customers with accelerated expansion in the B2C segments Increased investments in regional distribution centers targeting B2C products Enhanced roll-out of investments in RTM through out the year Active customer engagement via social media OPERATIONS New product offerings such Amazing Day, Auntie B Spaghetti Slim and Spaghetti, as well as the introduction of new SKUs in key categories Relaunched new packaging of Golden Penny vita brand "Pure Joy of consuming semovita relating to happiness" Continued cost programs - optimization Advancement of our sustainability commitments - FINANCIALS FY growth vs LY - Revenue +34% - Gross Margin +66% - Profit Before Tax +113% - Profit After Tax +126% Investment Grade credit rating of A- (moved up two levels) Successful issuance of N30bn bond at record low coupon rates 2x growth in ROE vs FY20 FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION FULL YEAR 2021 6

View entire presentation