notes to the financial statements - Food Empire Holdings Limited

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CEO’S STATEMENT PERSPECTIVE “ I AM CONFIDENT THAT OUR COMPANY IS ON THE RIGHT TRACK TO ENJOY BOTH ORGANIC AND INORGANIC GROWTH DURING THE NEXT FEW YEARS ” My fellow shareholders, Food Empire has been my passion since I started working for the company nearly 20 years ago. Today, as Chief Executive Officer, I have the opportunity to take our company to the next level of its development. The next few years will be exciting for our company, as we push into new markets and restructure our operations to give us better returns as well as sustainability. My focus as CEO will be on three priority areas. The first priority is our drive to develop our business in Asia, Middle East and the African continent. Outside of our top three country markets of Russia, Ukraine and Kazakhstan, we are concentrating our growth efforts in the emerging markets of Myanmar, Philippines, Malaysia, Vietnam, China and the Middle East. We are also exploring new opportunities in some African countries. My second priority is to continue exploring merger or acquisition activities which have the potential to strengthen our Group. We will continue to look for targets which will complement our brand and distribution activities within the food and beverage industry. This inorganic path has the potential to complement our organic growth strategy and help Food Empire to keep expanding. My third priority is to streamline and restructure our operations, in particular, our manufacturing processes which include the establishment and consolidation of several new production facilities around the world. By focusing on these three priority areas, I am confident that our company is on the right track to enjoy both organic and inorganic growth during the next few years, and I am looking forward to more exciting and rewarding times ahead. We are fortunate to have a dedicated and proven management team working closely with me on various projects in our key markets, and with support from headquarters, which will allow us to achieve the best for the company in the years to come. I would like to thank all my colleagues, board members, shareholders and our partners for their faith and continuing support for me and our company. Mr Sudeep Nair Chief Executive Officer 10
Food Empire Holdings Limited Annual Report 2012 THE YEAR IN NUMBER$ FINANCIAL HIGHLIGHTS 2012 2011 2010 2009 (US$’000) Revenue 237,663 225,662 175,803 134,842 Profit before taxation and MI 21,517 16,165 13,601 3,179 Profit after taxation and MI 20,486 14,962 13,659 2,665 Russia US$136.9 million Financial Indicators Debt to Equity Ratio 8.0% 9.3% 4.6% 4.7% Working Capital Ratio 3.6 4.3 4.2 4.7 Quick Ratio 2.9 3.6 3.3 4.0 EBITDA Margin 10.4% 8.1% 8.9% 4.0% Diluted EPS (USD cents) 3.85 2.82 2.57 0.50 NAV per share (USD cents) 30.34 27.31 25.36 23.38 Revenue by Geographical Regions (US$’000) Eastern Europe & Central Asia US$74.6 million Russia 136,875 129,356 100,498 68,156 Eastern Europe & Central Asia 74,563 71,385 55,228 49,223 Others 26,225 24,921 20,077 17,463 237,663 225,662 175,803 134,842 Revenue by Product Group (US$’000) Beverages 224,136 212,365 164,886 122,903 Non-Beverages 13,527 13,297 10,917 11,939 237,663 225,662 175,803 134,842 Group Revenue (US$’000) Group Profit Before Tax (US$’000) Other Territories US$26.2 million 237,663 225,662 175,803 134,842 21,517 16,165 13,601 2012 2011 2010 2009 2012 2011 2010 2009 3,179 11
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SHAREHOLDERS’ INFORMATION (cont
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NOTICE OF ANNUAL GENERAL MEETING NO
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notes to the financial statements - Food Empire Holdings Limited

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