Investor Presentaiton

Macroeconomic Overview Economy undergoing transition to yield long-term benefits with FMN delivering in this environment FMN Food and Agro-Allied Group COST PRESSURES • Forex market liberalization • Inflationary pressures • Positive monetary policies from new CBN management MARKET NETWORKS • Global uncertainties • Ongoing plans by CBN to resolve FX liquidity issues • Supply chain strain easing globally • CONSUMER DEMAND Declining discretionary income Increasing petrol prices • Increasing energy costs Headline Inflation rose from 21.8% in Jan'23 to 25.8% in Sep'23. NGN/USD in the I&E window moved from #455/$1 in Jan'23, #460/$1 early Jun'23 to #762/$1 in Sep'23 FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24

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