UAC of Nigeria PLC

FY 2021 Results

6 April 2022

Fola Aiyesimoju - Group Managing Director Funke Ijaiya-Oladipo - Group Finance Director

Disclaimer

This presentation contains forward-looking statements which reflect management's expectations regarding UAC of Nigeria PLC, its subsidiaries and associate businesses ("UAC", the "Company" or "Group") future growth, results of operations, performance, business prospects, operating markets and opportunities. Wherever possible, words such as "anticipate", "believe", "expects", "intend" "estimate", "project", "target", "risks", "goals" and similar terms and phrases have been used to identify forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management. Certain material factors or assumptions have been applied in drawing the conclusions contained in forward-looking statements. These factors or assumptions are subject to inherent risks and uncertainties surrounding future expectations generally. UAC cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in forward-looking statements. These factors should be considered carefully and undue reliance should not be placed on forward-looking statements. For additional information with respect to UAC's financial performance, reference should be made to the Company's periodic filings with the Nigerian Securities and Exchange Commission ("SEC") and The Nigerian Exchange Limited ("NGX"). The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contents

Operating context

4

Strategic initiatives

8

2021 financial highlights

13

Operating segment overview

21

Outlook

29

Appendix

32

Operating Context

Low growth, high inflation, currency under pressure, higher interest rates

Real GDP Growth (%)

5.0%

(6.1%)

Exchange Rate:$

600 450 300 150

CBN ratesParallel

0

Q1 2020

Q2 2020

Q3 2020

Q4 2024

Q1 2021

Q2 2021

Q3 2021

Q4 2021

Inflation (%)

Secondary Market Bond Yields (%)

18% 18% 18% 18%

Source: National Bureau of Statistics, Central Bank of Nigeria, Access Bank Rateswatch, FMDQ

15%

10%

5%

0%

3Y5Y7Y10Y

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UAC of Nigeria plc published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 19:57:04 UTC.