51st Annual General Meeting Dutch Lady Milk Industries Berhad

Dutch Lady Milk Industries Berhad
51st Annual General Meeting
28th May 2014
Agenda
• Our parent company
• 2013 Activities
• 2013 Financial highlights
• 2014 Outlook
Our parent company
We are a
multinational
dairy company
wholly owned by
Zuivelcoöperatie
FrieslandCampina,
which has over
19,000 member
farmers
in the Netherlands,
Germany and
Belgium.
A company young in name,
but with a long and rich history…
and a clear ambition:
to create the most
successful,
professional and
attractive dairy company
Every day we
nourish millions
of consumers
around the world
7
FrieslandCampina brands
Consumer products
Professional
market
Ingredients
FrieslandCampina Worldwide
We are passionate about
milk. Milk is a natural
source of nutrients.
We process milk, supplied
by our member dairy
farmers, into a wide range
of dairy products.
10
2013 Activities
A celebration by inspiring our
future generations
The Inspire Tomorrow Campaign…
RM1.5mil Inspire
Tomorrow Fund
World Milk Day
Drive for 50,000
hand pledges
50 Inspirational
Workshops for
Underprivileged
Kids
Touched the lives of many Malaysians
Dutch Lady is guided by an important
purpose
Helping Malaysians move forward in life with trusted
dairy nutrition
Our business strategy addresses key issues
of national importance
Balanced
nutrition
• Food safety &
security
• Healthy dairy nutrition
• School milk outreach
• Responsible
marketing
Social and
Environmental
responsibility
• Employer of choice
• Goodness of dairy
outreach
• Sustainability in
business operations
Dairy selfsufficiency
• Dairy development
programme
• Improving farmers
income
• Outreach with DVS
Nutrition agenda
Safety and quality
Our FoQus system
safeguards food safety,
product quality,
workplace safety and
the environment
throughout the supply
chain
Having a world
class certified QA
Laboratory to
assure consumers
of quality of the
highest degree
and compliance to
Halal certification.
We are committed
to ensuring a safe
environment for
our employees and
contractors on our
factory premises
The installation
of a new
production line
enabled better
efficiency in our
manufacturing
processes.
Nutrition agenda
SEANUTS – One of the largest studies
on the nutritional status of the children
in Southeast Asia, covering Malaysia,
Indonesia, Vietnam and Thailand.
SEANUTS Forum: Bringing Health & Nutrition Back to
Malaysian Children
Testing among children
Nutrition agenda
We are a key and trusted player in the School
Milk Programme (PS1M)
•
•
Students consume milk twice per week
2013 & 2014 – Dutch Lady supplies to 2 states:
Kelantan and Terengganu
Nutrition agenda
Nutrition agenda
Consumer relevant brand activation
World Milk Day
2013 was celebrated
with a big bang to
coincide with Dutch
Lady Malaysia’s 50th
anniversary
Continuous brand
activation and strong
collaborations
strengthened our
brands
Social responsibility agenda
Giving back to society
Sponsorship to Rumah
Anak Yatim Nur Syaheera in
partnership with Astro
Awani.
50 workshops in 10
homes for
underprivileged
children, as a part of
the P50 programme
Singgah Sahur at Rumah Seri
Kenangan Cheras, Kuala Lumpur, in
collaboration with Sports Club and
Charity, The New Straits Times and
Kelab Kembara 4X4.
Together with the MOE,
DLMI visited the Orang
Asli school at SK Seri
Permai, Kelantan to
ensure the children in
Kelantan & Terengganu
received their milk, in
full and on time without
overlooking the quality
of milk.
Dairy self-sufficiency agenda
Dairy Development Programme
DLMI rewards Perak dairy
farmers for high farming
standards
DLMI launched the Farmer2Farmer
Programme (F2F), in collaboration with the
Department of Veterinary Services (DVS),
Ministry of Agriculture, in Melaka.
We are proud of our contribution in helping
build a stronger Malaysia
2013 Financial Highlights
Key figures 2013
Revenue
RM 982.7
in millions of RM
million
Revenue
Up by 11.4%
Profit Before Tax
in millions of RM
2013
186.7
2012
165.8
2011
2013
2012
982.7
2011
810.6
2010
696.6
RM 186.7
90.1
RM 138.3
Net Profit for the Year
Up by 12%
million
Profit before tax
Up by 12.6%
141.6
2010
882.2
Net Profit for the Year
in millions of RM
million
2013
2012
138.3
123.4
2011
108.1
2010
63.9
Growing Shareholders’ Value
Stock performance to date
Growing Shareholders’ Value
Dividend payouts
Net Dividend Paid
RM million
166.4 166.4
2013
RM ‘mln
2012
RM ‘mln
64
64
Special
102.4
102.4
Total
paid
166.4
166.4
Dividends
Standard
42.0
2009
46.4
2010
46.4
2011
2012
2013
2014 outlook
Malaysian consumer confidence
lowest in 3 years
Source: Nielsen Consumer Confidence Survey, 1Q2014
Increase in cost of dairy raw materials
6,500
3.35
USD/MYR
3.30
3.25
5,500
3.20
3.15
4,500
3.10
3.05
3,500
3.00
2.95
2,500
2.90
1,500
2.85
Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Exchange Rte
USD (Purchasing
Currency)
SkimMilk Powder
Q1 2014 results : Revenue Growth of 10%
Revenue earnings
Profit before tax
Q1, 2014
Q1, 2013
RM227.7m
RM206.3m
Q1, 2014
Q1, 2013
RM31.2m
RM39.2m
Despite the challenging business environment,
the Company remains committed to leveraging
the strength of the Dutch Lady brand and
harnessing its operational efficiency
video
Jr. NBA – A 3-year
collaborative
partnership between
RFC and NBA aimed
at promoting physical
activity as a solution
to the SEANUTS issue
of obesity.