2022

INVESTOR PRESENTATION

05 SEPTEMBER 2022

RESULTS FOR THE YEAR ENDED JUNE 2022

PAUL CRUICKSHANK

CHIEF EXECUTIVE OFFICER

SALIENT

STRATEGIC

FINANCIAL

OPERATIONAL

FEATURES

REVIEW

REVIEW

REVIEWS

PROSPECTS

KEY HIGHLIGHTS FOR THE YEAR ENDED JUNE 2022

RESILIENCE AMIDST A CHALLENGING OPERATING ENVIRONMENT

Forward momentum despite a difficult operating environment

  • Constrained consumer with rising inflation and record unemployment
  • Continued commodity input cost increases
  • Our response: strategic focus on controllables with sharpened strategy and prioritised operational execution on key imperatives

Pleasing Revenue & EBITDA growth of 10.2% and 7.7% respectively

  • Sustained market share growth in value-add categories
  • Resilient volumes across most categories in Groceries
  • Prioritised innovation into value offerings across the portfolio
  • Continued strong Sugar performance
  • Return to profitability in Rainbow with good turn-around momentum
  • Continued improved performance in Vector Logistics
  • Prior year benefitted from inclusion of additional trading week

HEPS improvement of 9.9% driven by EBITDA improvement

REVENUE R34.9bn

EBITDA R2.6bn

HEPS 118.6c

CASH

R3.4bn

generated by

operations

10.2%

7.7%

9.9%

110.6%

3

SALIENT

STRATEGIC

FINANCIAL

FEATURES

REVIEW

REVIEW

UNDERLYING EBITDA & GROWTH (%) PER BUSINESS UNIT KEY HIGHLIGHTS FOR THE YEAR ENDED JUNE 2022

EBITDA & GROWTH (%) PER BUSINESS UNIT

OPERATIONAL

PROSPECTS

REVIEWS

Resilient Groceries performance

in total. A strong Grocery

result with market share gains and good volume growth was offset by service level challenges and margin pressure in Pies and Beverages.

-1%

558 550

Despite good volume

Sugar produced another

Good progress in Rainbow's

Vector Logistics

growth in Bread, Buns and

excellent performance with the

turnaround strategy, driven

momentum continued with

Rolls and pleasing Milling

second highest profit on

by improvements in

good progress in the

improvements, elevated

record. Enabled by continued

pricing, agricultural

integration of the ICL*

wheat and fuel costs placed

operational efficiency,

results, partially countered

network and a recovery in

Baking margins under

complete cane crush and

by commodity cost increases.

food service volumes closer

pressure

stable local market demand

to pre-COVID-19 levels

-9%

900

817

-6%

521

488

NM

+18%

347

283

335

17

2021

2022

2021

2022

2021

2022

2021

2022

2021

2022

GROCERIES

BAKING

SUGAR

RAINBOW

VECTOR LOGISTICS

4

  • Imperial Logistics South Africa Proprietary Limited's cold chain business

SALIENT

STRATEGIC

FINANCIAL

OPERATIONAL

FEATURES

REVIEW

REVIEW

REVIEWS

PROSPECTS

PROGRESS WITH STRATEGIC TRANSFORMATION JOURNEY

BUILDING A PROFITABLE, SUSTAINABLE VALUE-ADDED CONSUMER BUSINESS OF SCALE

Good progress made with managed separation of Rainbow and Vector Logistics from RCL FOODS

Successful legal and operating model separation of Rainbow, running

largely as an autonomous subsidiary of RCL FOODS, laying the platform for complete separation in future

Sugar remains part of RCL FOODS, with its separation plan being de- prioritized

Foundations for a focused value-added business through:

  • A re-engineered and more integrated executive structure
  • A more focused organisation structure with investment in key capabilities
  • A revised branded portfolio strategy to drive profitable growth

1

2

3

VALUE-ADDED BUSINESS

GroceriesBaking

LiveKindly Spreads**

Collective

Africa*

SUGAR

RAINBOW

VECTOR LOGISTICS

5

*49.999% Joint Venture | ** Siqalo Foods Proprietary Limited, managed on behalf of Remgro

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RCL Foods Limited published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 05:19:03 UTC.