Jb Foods Ltd. · SGX:BEW
Jb Foods — Shareholder Meeting (July 2026)
31 slides from Jb Foods's shareholder meeting presentation, Jul 29, 2026
Slide 1: 14th Annual General Meeting
JB Foods Limited 14th ANNUAL GENERAL MEETING 29 July 2026
Slide 2: Disclaimer
Disclaimer Certain information and statements made in this presentation contain “forward-looking statements”. Such forward-looking statements can be identified by the use of forward- looking terminology such as “anticipate”, “believe”, “considering”, “depends”, “estimate”, “expect”, “intend”, “plan”
Slide 3: Outline
Outline ► Group overview ► Corporate profile and footprint ► Key Milestones ► Group Structure ► Our Products ► Bean production and consumptions ► Market context ► Cocoa Bean Price ► Cocoa Bean Grinding and Production Statistics ► FY2026 Business Performance ► Strategy and outlook ► Competitive stren
Slide 4: Introduction to JB Foods
Introduction to JB Foods JBCOCOA
Slide 5: Corporate profile
Corporate profile JB Foods Limited JB Foods Global JB Cocoa AG JB Cocoa Sdn Bhd JBC Europe OU JB Sourcing CI JB Cocoa CI Pte. Ltd. (Switzerland) (Malaysia) (Estonia) (Côte D’Ivoire) (Côte D’Ivoire (Singapore) JB Cocoa Holding JB Cocoa Foods Inc. (China) Co Ltd (USA) (China) JB Cocoa Trading PT Jebe
Slide 6: Our Footprint
Our Footprint Manufacturing & Warehouse Facilities Regional Sales Offices & Sourcing Centre Worldwide Headcount: 750 ►Asia: 3 ►Europe: 1 ►Africa: 1 ►Asia: 3 ►Europe: 2 ►America: 1 ►Africa: 1 ►Asia: 700 ►America, Europe & Africa: 50 6
Slide 7: Our Products
Our Products Cocoa Beans More than 90% of our revenue is derived from Cocoa Powder & Cocoa Butter Cocoa Mass Cocoa Butter Cocoa Powder 7
Slide 8: Key Milestones
Key Milestones ▪ 1st factory in ▪ IPO listing in ▪ 2nd factory in Indonesia Malaysia (2002) ▪ 3rd factory in China (2019) ▪ 4th factory in Singapore (SGX) (2015 ) ▪ Growing sustainable bean Cote’Dívoire (2026) ▪ Sales offices in sourcing capability and USA/Switzerland/ Eastern partnership Europe/ In
Slide 9: Cocoa consumptions region
Cocoa consumptions region Main consumptions region – About 70% - NAFTA, WE, EE & FSU (3.5mil MT) WE – 40% (2mil MT) EE & FSU -10% NAFTA – 20% (0.5mil MT) (1mil MT) Manufacturing & Warehouse Facilities Regional Sales Offices & Sourcing Centre Worldwide Headcount: 750 ►Asia: 3 ►Europe: 1 ►Africa: 1 ►A
Slide 10: Cocoa productions region
Cocoa productions region Main productions region – (Africa – 68.8%, America – 25.1%, Asia & Oceania – 6.2%) Manufacturing & Warehouse Facilities Regional Sales Offices & Sourcing Centre Worldwide Headcount: 750 ►Asia: 3 ►Europe: 1 ►Africa: 1 ►Asia: 3 ►Europe: 2 ►America: 2 ►Africa: 2 ►Asia: 700 ►Ame
Slide 11: Production of Cocoa Beans (thousand tonnes)
Production of Cocoa Beans (thousand tonnes) 11
Slide 12: Market Context
Market Context 12
Slide 13: Bean Prices (USD/MT) – Jun 2016 to July 2026
Bean Prices (USD/MT) – Jun 2016 to July 2026 (source: Tradingeconomics.com) Prices shown are indicative market prices 2024 – Supply Shock – Significant supply deficit, primarily driven by adverse weather conditions, disease pressures, and lower production countries, particularly CDI and Ghana ► 10-y
Slide 14: Cocoa Bean Grinding & Production
Cocoa Bean Grinding & Production 5200 4700 4200 3700 3200 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Year ('000 MT) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Cocoa production 3811 3439 3731 3593 3634 4309 4095 3943 4374 4387 4
Slide 15: FY2026 Business Performance
FY2026 Business Performance 15
Slide 16: FY2026 Highlights
FY2026 Highlights Building a Resilient Global Cocoa Ingredients Platform Investment Highlights Key Financial Metrics FY2026 Proven Resilience Revenue US$1.386 Billion Successfully navigated one of the most volatile cocoa commodity cycles in history while maintaining operational stability and custome
Slide 17: Financial Highlights ― At A Glance
Financial Highlights ― At A Glance (In US$'000) FY26 15M25 Y-on-Y Change Revenue 1,385,747 1,657,461 -16.4% ► Revenue reflected lower shipment volumes but higher EBITDA 139,750 76,252 83.3% average selling prices following the normalization of PBT 107,053 31,715 237.5% cocoa bean prices from FY2025
Slide 18: Profit and Loss Analysis — FY2026 vs FY2025
Profit and Loss Analysis — FY2026 vsFY2025 18
Slide 19: Profit Before Taxation 2011 to 2026
Profit Before Taxation (“PBT”) 2011 to 2026 (USD’mil) 107.1 Disciplined execution in a recovering market COVID-19 pandemic and global supply chain Industry consolidation and excess global grinding capacity 34.1 31.7 31.7 20.9 22.5 19.3 16.9 18.4 13.8 2.4 4.4 1.5 2011 2012 2013 2014 2015 2016 2017 20
Slide 20: Balance Sheet Analysis — FY2026 vs FY2025
Balance Sheet Analysis — FY2026 vsFY2025 Key balance sheet movements N1 PPE increased by US$17.7m, mainly contributed from capital expenditure on the Ivory Coast project. N2 Inventories decreased by US$172.8m, trade and other receivables decreased by US$108.3m following decline in cocoa prices. Deri
Slide 21: Cash Flow Analysis — FY2026 vs FY2025
Cash Flow Analysis — FY2026 vsFY2025 US$'000 FY2026 FY2025 Variance Note Operating cash before 217,272 76,708 140,564 N1 working capital changes Inventories 93,392 (293,355) 386,747 N2 Trade & other receivables 100,229 (133,205) 233,434 N2 Derivative financial (39,709) (1,324) (38,385) N2 instrument
Slide 22: Long-term revenue development
Long-term revenue development Revenue (USD'm) 1657.5 1450.6 1385.7 Trusted partner to leading global food manufacturers, expanding across key 1020.5 international markets. 595.8 509.6 417.8 448.8 327.1 352.5 300.6 295.6 215.8 189.5 194.8 218.7 226.5 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 23: FY2026 Revenue by Geographical Market
FY2026 Revenue by Geographical Market FY26 Revenue by Geographical Market (USD‘000) 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Asia Europe North America Other Regions ► Asia remained the Group's largest revenue contributor, reflecting the Group's strong market presence across the Asia
Slide 24: Strategy and Outlook
Strategy and Outlook JBCOCOA
Slide 25: Competitive Strengths
Competitive Strengths Loyal and supportive ► F&B multinational corporations, such as Mars, Nestle, Mondelez, The Hersheys Company, which are our long- international customer base standing customers ► Efficient and nimble decision making ► Attuned and adaptive to industry trends and market Strong Key
Slide 26: Strategic priorities
Strategic priorities Sustainable Growth ► Sustainable sourcing Procurement ► Origin integration Operations & ► Optimise manufacturing efficiency and plant utilisation ► Energy optimisation Environmental ► Strengthen existing customers Sales & Distribution ► Selective expansion Products R&D ► Matchin
Slide 27: Ivory Coast Progress
Ivory Coast Progress ►Expected to commence operations by the end of 2026, subject to project completion and operational readiness. ►Cocoa processing capabilities for premium cocoa mass, butter and powder ►Modern facility designed with operational efficiency and environmental considerations ►Designed
Slide 28: Overview – Front View
Overview — Front View aes oP = en es Se f : = SPN GA
Slide 29: Overview - Backview
Overview - Backview eae a ee _ "Secon
Slide 30: Key Takeaways
Key Takeaways Record FY2026 performance FY2026 EBITDA was US$139.8 million, PBT was US$107.1 million and PAT was US$79.9 million, notwithstanding a US$79.3 million inventory write-down. Stronger financial position Shareholders’ equity increased to US$281.7 million, cash and bank balances increased t
Slide 31: Annual General Meeting Shareholders Presentation
JB Foods Limited ANNUAL GENERAL MEETING Shareholders Presentation 31