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Chairman’s
Message

Y.A.M. TENGKU SYARIF BENDAHARA PERLIS
SYED BADARUDIN JAMALULLAIL
IBNI ALMARHUM TUANKU SYED PUTRA JAMALULLAIL
Chairman

Dear Shareholders & Stakeholders,

It is always a pleasure to pen my message for Fraser & Neave Holdings Bhd (F&NHB)’s annual reports. This year, I do so with added pride as 2023 marks F&N’s 140 th anniversary. This milestone not only commemorates our legacy but also celebrates the enduring relationship cultivated with Malaysians. Beautifully encapsulated by our nationwide campaign “Kisah Kita… Selamanya”, the theme signifies the ways in which we have been there with Malaysians, and for Malaysians, celebrating their cherished moments for as long as any of us can remember.

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Y.A.M. TENGKU SYARIF BENDAHARA PERLIS
SYED BADARUDIN JAMALULLAIL
IBNI ALMARHUM TUANKU SYED PUTRA JAMALULLAIL
Chairman

Chief Executive Officer’s
Statement

Lim Yew Hoe
Chief Executive Officer

Dear Shareholders & Stakeholders,

The financial year ended 30 September 2023 (FY2023) was one of celebration. We celebrated F&N’s 140 th anniversary; and we celebrated the coming together as ONE Group, including our recent acquisitions of Cocoaland and Sri Nona. And perhaps more significantly, we celebrated the strength of our fundamentals, which provided us the resilience to weather another challenging year and perform even better than we did in FY2019, pre-Covid.

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Lim Yew Hoe
Chief Executive Officer

F&N AT A GLANCE * Hover to read more

5 93 3,800 230,000 100 30 14 13

Trusted by generations for

100%

Halal-certified products

93

Export market

countries

worldwide

> 30

Brands in

14

categories

workforce

> 3,800

people

over

RM 5

billion

Annual Turnover

GLOBAL TOP 6
COMPANIES

among Beverages sector in S&P Global ESG Score 2022

13

cutting-edge plants

  • Shah Alam
  • Kuching
  • Kota Kinabalu

    (2 sites)

  • Pulau Indah
  • Rojana
  • Wang Muang
  • Bentong
  • Matang
  • Rawang

    (4 sites)

FTSE4GOOD
BURSA
MALAYSIA

4.6 out of 5 rating

Top 1

percent in the Global Food & Beverage Supersector

Extensive network coverage

> 230,000

outlets in Malaysia, Thailand, Cambodia and Laos

Group Financial Highlights 2023

PROFIT BEFORE TAX (PBT)

RM
624.7

million
PROFIT FOR THE YEAR

RM
542.0

million
BASIC EARNING PER
SHARE

146.5

sen
MARKET CAPITALISATION

RM
9,939.7

million
(As at 15 November 2023)
  • F&B Malaysia
  • F&B Thailand
  • Property & Others
  • Others
  • F&B Malaysia
  • F&B Thailand
  • Property & Others
  • Others

Sustainability at F&N

Sustainability continues to be an important component of our business success and operations. Emblematic of our brand promise, “Pure Enjoyment, Pure Goodness”, we are committed to delivering quality and healthier products for our customers and generating positive value for our people, planet, and stakeholders.

FY2023 Highlights

Joint Message from Our Chairman & CEO

Our Sustainability Framework

F&N's Sustainability Focus Areas & 2025 Targets

Basis of the Report

Welcome to Fraser & Neave Holdings Bhd’s Annual Report for the financial year 2023.

For this financial year 2023, Fraser & Neave Holdings Bhd has incorporated some elements of integrated reporting approach. We trust that transparency and well-balanced reporting is the way to understanding the Group’s process and businesses. Through the changes we have instituted into our reports this year, and aligning with the principles of integrated reporting, we hope to provide a clear account of what we believe value creation means for our stakeholders.

ASSURANCE

  • Internal controls and management assurance
  • Compliance and internal audit reviews
  • External audit by KPMG PLT on financial information
  • External audit by Lloyd's Register Quality Assurance on selected Environment and Social disclosures
  • Board approval assisted by the Board Committees

REGULATIONS COMPLIED

  • Main Market Listing Requirements of Bursa Malaysia Securities Berhad
  • Companies Act 2016
  • Malaysian Code on Corporate Governance
  • International Integrated Reporting Framework
  • Malaysian Financial Reporting Standards (MFRS)

DIRECTORS’ APPROVAL

  • The Board acknowledges its responsibility to ensure the integrity of the Annual Report. In the Board's opinion, the report addresses all material issues and matters and fairly presents the Group's performance for the financial year 2022.