Fraser & Neave Holdings Bhd Annual Report 2021

FY2021 Key Highlights Successfully launched 13 new products in different product categories, with five healthier options without compromising taste. Launched our fourth business growth pillar in Halal packaged food business via the acquisition of Sri Nona Companies. Built new capabilities in supply chain management via fully integrated warehouses (equipped with ASRS) in Malaysia and Thailand. Began the installation of our 10MWp rooftop solar photovoltaic (PV) systems which would supply renewable energy in Shah Alam, Pulau Indah and Bentong manufacturing plants. Continuous innovation across all facets of our businesses, from new product development, channels management to value chain activities to better serve the rapidly evolving consumer and stakeholders needs. Grow halal packaged food business organically and with further investments to meet the rising demand for convenience and ready-to-eat food segment. Continue to explore and form new strategic partnerships/ collaboration with different stakeholders to achieve our sustainability priorities. Priorities for FY2022 The Group recorded revenue growth in FY2021, with Group Export contributing close to RM900 million amidst COVID-19 disruptions. Maintained market share leaderships in Malaysia and Thailand within our core categories. Rapid growth in our e-commerce business. Expanded our products and explore di$erent order fulfilment options in our flagship online store, F&N Life in Malaysia, and nom aroi in Thailand. Our continuous effort in the marketplace, workplace and environment received external validation through numerous awards and recognitions in Malaysia and Thailand. Continue to drive market leadership through transformative projects to strengthen our brand portfolio management. Continue to drive Exports in Malaysia and Thailand and build on the positive momentum in halal markets. Achieve operational and cost e!ciencies across our value chain, including refining pricing, demand planning, procurement, manufacturing, and logistics & distribution, and newly completed capex projects. Safeguard the health & well-being of our people and assist our trade partners to get back on track with the easing of economies. Unlocked value through a strategic collaboration with our aluminium can supplier that will result in a stable supply and lower cost for the Group. Realigned our structure with the business needs and opportunities presented by COVID-19 and digital technology to become a more e!cient, agile and focused organisation. Streamlined systems and processes that improved productivity, as well as generated cost savings and better business insights. Leveraging on sukuk programme to fund the acquisition if suitable opportunity is available. Create a smart hybrid workplace that facilitates greater integration and collaboration when our team are housed under one roof in Shah Alam. Continue to review our governance efforts and establish strong governance programme to improve operations, empower our employees, strengthen stakeholder engagement and deliver business value. Management Discussion & Analysis 061 Fraser & Neave Holdings Bhd ! Annual Report 2021