Olam International (VC2) Investor presentation summary

Group overview

• Leading global food and agri-business with over 36 years of growth, supplying ingredients and solutions to 11,000+ customers in 50+ countries.

• Listed on the Singapore Exchange since 2005, with a diversified shareholder base including Temasek Holdings and Mitsubishi Corporation.

• Revenue grew from S$2 million in 1989 to S$30 billion in 2025, with a workforce of 28,000.

• Customer base includes major global brands such as Nestlé, Starbucks, Unilever, and PepsiCo.

Unlocking value

• Reorganisation into three entities: ofi (Olam Food Ingredients), Olam Agri, and OGH, to sharpen focus and unlock intrinsic value.

• Successful divestments of Olam Agri and Mindsprint, with proceeds used to de-leverage and return value to shareholders.

• Net gearing reduced to 0.93x, with adjusted net gearing at 0.12x as of H1 2026.

• OGH positioned as debt-free and self-sustaining, with ongoing asset divestments and special dividends.

Group H1 2026 financial highlights

• S$1.75 billion total gains from major divestments; PATMI at S$1.9 billion, driven by one-off gains.

• Operational PATMI from continuing businesses at S$64.4 million, up S$84.7 million after adjusting for forex gains.

• Revenue from continuing operations down 18.3% to S$12.5 billion; EBIT down 34.2% to S$455 million.

• Free cash flow to equity surged to S$1.7 billion, reflecting strong cash generation and capital discipline.

• Significant reduction in invested capital and working capital, supporting improved liquidity and lower debt.