Investor Presentaiton
Food & Feed - Processing & Value-added: Continued growth from
value-added products, better efficiencies
S$ Million
EBIT
EBIT/MT (S$)
Olam Agri
+29.8%
S$ Million
Invested Capital
+11.4%
+53.8%
Working Capital
+11.2%
423
Fixed Capital
2,307
2,074
1,859
275
251
816
1,062
591
2020 Restated
2021
2022
58
61
105
1,268
1,258
1,245
Dec-20
Restated
Dec-21
Dec-22
EBIT/IC (%)
13.3%
14.0%
19.3%
Strong increase in EBIT in 2022 was primarily due to a significant
improvement in contribution from the Wheat Milling & Pasta business
Marginally lower contribution from Integrated Feed & Protein: Adverse
impact on day-old-chicks segment due to avian influenza in Nigeria,
which was partly offset by healthy growth in the fish feed segment and
broiler feed segments
Rice, Specialty grains & Seeds performed better in 2022 compared with
2021 when sesame business underperformed; branded rice distribution
business and rice milling in Nigeria performed well, compensating for
the negative impact of flooding on rice farming
Olam Group Limited Investor Presentation | May 2023
IC was up 11.2% on account of higher working capital due
to higher rice prices as well as higher input prices across
Wheat Milling & Pasta, Integrated Feed & Protein and
Edible Oils processing businesses.
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