Olam International (VC2) Investor presentation summary

Strategic transformation and re-organisation

• Executed a major re-organisation, separating into ofi (Olam Food Ingredients), Olam Agri, and OGH, to sharpen focus and unlock value.

• Completed sale of 44.58% of Olam Agri to SALIC for US$1.88 billion, with a second tranche planned, totaling US$2.58 billion.

• Proceeds used to de-lever OGH, invest in ofi, and return value to shareholders via special dividends.

• OGH is being made debt-free and self-sustaining, with ongoing divestment of non-core assets.

• Share buybacks and asset sales (e.g., Mindsprint, Terrascope) further support capital structure optimization.

Financial performance and highlights

• 2025 adjusted revenue reached S$67.0 billion (+19.3%), with volume up 17.1% to 58.1 million MT.

• EBIT rose 13.2% to S$2.2 billion, and operational PATMI surged 136.2% to S$510.9 million.

• Free cash flow to equity improved by S$6.3 billion, and net gearing reduced from 2.79x to 1.87x.

• ofi delivered stable EBIT of S$1.1 billion despite volatile markets; OGH swung to a positive EBIT of S$197.7 million.

• Olam Agri (discontinuing operations) saw lower EBIT and PATMI due to commodity price declines.

Business segments and operational strengths

• ofi operates across cocoa, coffee, dairy, nuts, and spices, serving 20,000+ customers globally with strong innovation and sustainability focus.

• OGH includes palm, rubber, packaged foods, and fertilizer, with 1.1 million MT volume and S$1.1 billion revenue.

• Global sourcing and value-added solutions drive resilience, with integrated supply chains and deep market insights.

• Disciplined capital allocation and reduced working capital requirements improved returns and efficiency.