Olam Group Limited · SGX:VC2
Olam — Olam International — Shareholder Meeting (February 2022)
16 slides from Olam's shareholder meeting presentation, Feb 18, 2022
Slide 1: Olam International Limited: Unlocking long-term value and driving sustainable growth
NOT FOR DISTRIBUTION IN THE UNITED STATES Olam International Limited Unlocking long-term value and driving sustainable growth Proposed Restructuring, Proposed Listing and Demerger of OFI Group Limited Scheme Meeting and Extraordinary General Meeting 18 February 2022 at 3.00 pm and 3.30 pm
Slide 2: Disclaimer
NOT FOR DISTRIBUTION IN THE UNITED STATES Disclaimer The information contained in this presentation is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue or subscribe for, or any solicitation of any offer or invitation to purchase, acquire
Slide 3: Disclaimer (cont'd)
NOT FOR DISTRIBUTION IN THE UNITED STATES Disclaimer (cont’d) These forward-looking statements speak only as at the date of this Presentation. Such forward-looking statements and financial information are based on numerous assumptions regarding the Company’s present and future business strategies an
Slide 4: Table of contents
NOT FOR DISTRIBUTION IN THE UNITED STATES Table of contents 1. Re-organisation of Olam – Recap 2. Proposed transactions overview 3. Strategic rationale 4. Key takeaways 4
Slide 5: Reorganisation of Olam
NOT FOR DISTRIBUTION IN THE UNITED STATES Reorganisation of Olam In January 2020, Olam announced its intention to undertake a transformative Reorganisation Plan by splitting the Group into three new operating groups – Olam Food Ingredients (OFI), Olam Global Agri (OGA) and Olam International (OIL) v
Slide 6: Re-organisation of Olam
NOT FOR DISTRIBUTION IN THE UNITED STATES Re-organisation of Olam Provide active stewardship to OFI & OGA Segments until carve-out, IPO & demerger, responsibly - De-prioritised/Exiting Assets divest non-core businesses & assets - Gestating Businesses: Packaged Foods (Caraway), Olam Palm Olam earmark
Slide 7: Re-organisation of Olam
NOT FOR DISTRIBUTION IN THE UNITED STATES Re-organisation of Olam STEP 4 OFI IPO & Concurrent Demerger, OGA Strategic Options STEP 3 Subject to shareholder and regulatory Carve-out and approvals: STEP 2 • Target OFI listing by H1 2022; OFI will Separation be demerged from the Olam Group by STEP 1 Re
Slide 8: Table of contents
NOT FOR DISTRIBUTION IN THE UNITED STATES Table of contents 1. Re-organisation of Olam – Recap 2. Proposed transactions overview 3. Strategic rationale 4. Key takeaways 8
Slide 9: Proposed transactions overview
NOT FOR DISTRIBUTION IN THE UNITED STATES Proposed transactions overview 1 Scheme Meeting and EGM 2 EGM Resolutions to approve the Scheme and the Proposed Resolutions to approve the Proposed Disposal, the Dividend in Specie Proposed Dilution and the Proposed Demerger RESOLUTIONS ARE INTER-CONDITIONA
Slide 10: Proposed transactions overview (cont'd)
NOT FOR DISTRIBUTION IN THE UNITED STATES Proposed transactions overview (cont’d) After completion of Separation 1 After completion of Scheme 2 After completion of Proposed Dividend in Specie, Proposed Disposal, Proposed Dilution and Proposed Demerger Existing Existing New Public Existing Shareholde
Slide 11: Table of contents
NOT FOR DISTRIBUTION IN THE UNITED STATES Table of contents 1. Re-organisation of Olam – Recap 2. Proposed transactions overview 3. Strategic rationale 4. Key takeaways 11
Slide 12: Enhancing Shareholder value
NOT FOR DISTRIBUTION IN THE UNITED STATES Rationale and purpose of proposed transactions Enhancing Shareholder value 1 2 Simplify and streamline the portfolio OFI IPO ✓ Enable organisational focus and attention on each ✓ Allow shareholders to participate in the operating group to be sharpened and sy
Slide 13: What you will get as a Shareholder
NOT FOR DISTRIBUTION IN THE UNITED STATES What you will get as a Shareholder 1 Upon Scheme becoming effective 1 OIL Share Converts to 1 OG Share 2 Upon Scheme and Proposed Demerger becoming effective OFIGL 1 OIL Share 1 OG Share Converts to Share(s) • No cash outlay (including any stamp duties or br
Slide 14: Table of contents
NOT FOR DISTRIBUTION IN THE UNITED STATES Table of contents 1. Re-organisation of Olam – Recap 2. Proposed transactions overview 3. Strategic rationale 4. Key takeaways 14
Slide 15: Key takeaways
NOT FOR DISTRIBUTION IN THE UNITED STATES Key takeaways In line with the Re-organisation exercise, the Company has substantially completed the carve-out and separation of its businesses into three coherent operating groups: OFI, OGA and OIL The Company is seeking shareholder approvals to implement t
Slide 16: olamgroup.com/investors.html [email protected]
NOT FOR DISTRIBUTION IN THE UNITED STATES olamgroup.com/investors.html [email protected]
Olam International — Shareholder Meeting (February 2022) on 6ix