Olam’s business has been re-organised into two operating groups Olam Food Ingredients (“OFI”) and Olam Global Agri (“OGA”) with the Company Olam International (“OIL”) as parent holding OFI and OGA, providing stewardship. OIL is responsible for the divestment of non-core assets, nurturing gestating businesses to full potential, incubating new engines for future growth and deploying cross cutting initiatives across the operating groups. The distribution of Olam’s businesses across OFI, OGA and OIL is given below:

Operating Groups Businesses
Olam Food Ingredients
  • Cocoa
  • Coffee
  • Nuts (cashew, peanuts, almonds, hazelnuts, pistachios, walnuts, sesame, quinoa, chia seeds and beans)
  • Spices (Includes pepper, onion, garlic and capsicums)
  • Dairy
Olam Global Agri
  • Grains and Animal Feed and Protein
  • Edible Oils
  • Rice
  • Cotton
  • Commodity Financial Services

Olam International

(“the Company” as parent)

  • Olam Palm Gabon
  • Packaged Foods
  • Infrastructure and Logistics (ARISE)
  • De-prioritised Assets (Sugar, Wood Products, Rubber and Fertiliser and other de-prioritised assets)
  • Engine 2 growth platforms


The segmentation of the operating groups is as follows:


Operating Groups Segmentation
Olam Food Ingredients
  • Sustainable Farming and Supply Chain
  • Value-added Processing
Olam Global Agri
  • Food and Feed: Supply Chain and Trading
  • Food and Feed: Value-added/Processed
  • Fibre and Ag Services

Olam International

(“the Company” as parent)

  • Deprioritised/Exiting Assets
  • Gestating Businesses
  • Incubating Businesses


EBIT, EBIT/IC, ROIC, ROE and Operating Cashflow as key financial metrics

Up until 2018/2019, we had reported our financial results with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and EBITDA on Average Invested Capital (EBITDA/IC) for the Group as well as across business segments and value chain segments.

From 2020 onwards, we will be reporting financial results with Earnings Before Interest and Tax (EBIT) as a metric closer to the bottom line, and EBIT on Average Invested Capital (EBIT/IC) on a trailing 12 months basis for each operating group and its segments. EBIT/IC provides greater visibility and a clear link between the growth in earnings (as reflected by the growth in EBIT), and the driver of those earnings (via the capital invested in the segments under each group). As the IC captures both the fixed and working capital directly attributed to the segments, EBIT/IC is a close proxy for Return on Invested Capital (ROIC).

Following the amendments to the Singapore Exchange Securities Trading Limited Listing Rules (Mainboard) which are effective from February 7, 2020, Olam will no longer be required to release its financial statements on a quarterly basis. It will now report its financial results half-yearly. The Company will continue to provide relevant disclosures of its strategy, operating and financial conditions as appropriate.

H1 2020 Results
  • Press Release Download [318KB, PDF]
  • Financial Statements Download [197KB, PDF]
  • Management Discussion and Analysis Download [1.1MB, PDF]
  • Results Presentation Download [2.7MB, PDF]
  • Cash Dividend Download [71KB, PDF]
  • Results Briefing Webcast Download [Registration required, webcast]
  • Transcript of Results Briefing Download [144KB, PDF]

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