Olam International Limited (“Olam”) has today published further information for investors with respect to the planned demerger and IPO of olam food ingredients (“ofi”), a global leader at the forefront of food and beverage consumer trends.
‘Introduction to ofi for investors’ highlights ofi’s attractive portfolio and strong growth prospects, driven by a proven and repeatable growth model which is expected to deliver low to mid-single digit annual volume growth and mid to high-single digit annual EBIT 1 growth in the medium-term.
The presentation also reiterates ofi’s strong momentum going into the second half of 2021, with H1 2021 year-on-year EBIT growth of 29.5% and continued EBIT margin expansion.
ofi was created in early 2020 following a re-organisation of Olam to unlock and maximise Olam’s long-term value, including an IPO and concurrent demerger by the first half of 2022. It was announced in August 2021 that ofi intends to seek a primary listing on the premium segment of the London Stock Exchange. ofi will concurrently seek a listing in Singapore.
ofi works with some of the world’s best-known food and beverage brands, food manufacturers, retailers, and food service outlets, as well as several niche and premium regional players. ofi has established market-leading positions across a range of on-trend, natural and plant-based products, delivering sustainable and innovative solutions to consumers across the world.
With deep-rooted presence in the countries where the raw materials for its cocoa, coffee, dairy, nuts, and spices ingredients are produced, ofi has built sustainability and traceability into its core business model, enabling better quality and more reliable and transparent supply. ofi has a unique global scale and presence across the value chain to deliver delicious and nutritious food ingredients and solutions in an environmentally sustainable way.
1EBIT: Operational earnings before interest and taxes