Investor Presentaiton

FMN Sustained Operational Efficiency in the Challenging Environment FMN Food and Agro-Allied Group • • • - Focus on 5 value chains Grains, Sweeteners, Oils & Fats, Feeds & Proteins and Starches Continued local content, backward integration investments and strategic partnership with FMAN and other partners plus programs Focus on retail customers and regional strategies with accelerated expansion in the B2C segments and distribution centres Continued cost optimization Strategic pricing adjustments reflect macros and market realities to BUSINESS MODEL • • . • Continuous mix optimization and cost saving initiatives Improved SKUs options in key categories Increased cash collections Gradual settlement of CBN backlogs on forward contracts FX payables covered with related stocks and FX on hand . No foreign denominated debt . • currency • Advancement of our sustainability commitments to education, skills development, infrastructural support, health and welfare Local content focus and progress in further backward integration initiatives in Sugar production Declared N8.2bn in dividends last year and confirmed a N9.2bn, 12% increase in dividend for FY'23 Continued investments in expanding existing production lines especially in the B2C category. FINANCIAL ६०३ RESILIENCE FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24 VALUE CREATION

View entire presentation