nestle malaysia) berhad

Nestle (Malaysia) Berhad

Company Profile

Publication Date: 28 May 2010

www.datamonitor.com

Asia PacificAmericasEurope, Middle East & AfricaLevel 46245 5th Avenue119 Farringdon Road2 Park Street4th FloorLondonSydney, NSW 2000New York, NY 10016EC1R 3DAAustraliaUSAUnited Kingdom

t: +61 2 8705 6900t: +1 212 686 7400t: +44 20 7551 9000f: +61 2 8088 7405f: +1 212 686 2626f: +44 20 7551 9090e: [email protected]: [email protected]: [email protected]

ABOUT DATAMONITOR

Datamonitor is a leading business information company specializing in industry analysis.

Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiasedexpert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive,Energy, Consumer Markets, and Financial Services.

The company also advises clients on the impact that new technology and eCommerce will have ontheir businesses. Datamonitor maintains its headquarters in London, and regional offices in NewYork, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies.

Datamonitor's premium reports are based on primary research with industry panels and consumers.We gather information on market segmentation, market growth and pricing, competitors and products.Our experts then interpret this data to produce detailed forecasts and actionable recommendations,helping you create new business opportunities and ideas.

Our series of company, industry and country profiles complements our premium products, providingtop-level information on 10,000 companies, 2,500 industries and 50 countries. While they do notcontain the highly detailed breakdowns found in premium reports, profiles give you the most importantqualitative and quantitative summary information you need - including predictions and forecasts.

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic,mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Datamonitor plc.

The facts of this profile are believed to be correct at the time of publication but cannot be guaranteed. Please note that thefindings, conclusions and recommendations that Datamonitor delivers will be based on information gathered in good faithfrom both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such Datamonitorcan accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.

Nestle (Malaysia) Berhad © Datamonitor

Nestle (Malaysia) Berhad

TABLE OF CONTENTS

Company Overview..............................................................................................4

Key Facts...............................................................................................................4

Business Description...........................................................................................5

History...................................................................................................................6

Key Employees.....................................................................................................7

Key Employee Biographies..................................................................................8

Major Products and Services............................................................................12

Top Competitors.................................................................................................13

Company View.....................................................................................................14

Locations and Subsidiaries...............................................................................19


Nestle (Malaysia) BerhadTABLE OF CONTENTS

COMPANY OVERVIEW

Nestle (Malaysia), a part of Nestle Group, is engaged in the manufacturing, marketing and sale offood, confectionery and dairy products in Malaysia.The company is headquartered in Petaling Jaya,Malaysia, and employs around 5,000 people.

The company recorded revenues of MYR3,744.2 million (approximately $1,066.4 million) in the fiscalyear ended December 2009, a decrease of 3.4% compared to 2008.The company's operating profitwas MYR439.9 million (approximately $125.3 million) in fiscal 2009, a decrease of 0.4% comparedto 2008. Its net profit was MYR351.8 million (approximately $100.2 million) in fiscal 2009, an increaseof 3.2% over 2008.

KEY FACTS

Nestle (Malaysia) BerhadHead OfficeNestle House 422-1 22nd Floor Menara Surian1 Jalan PJU 7/3 Mutiara DamansaraPetaling Jaya 47810SelangorMYS

603 7965 6000Phone

603 7965 6767Fax

http://www.nestle.com.myWeb Address

3,744.2Revenue / turnover(MYR Mn)

DecemberFinancial Year End

5,000Employees

NESTLEBursa MalaysiaSecurities BerhadTicker


Nestle (Malaysia) BerhadCompany Overview

BUSINESS DESCRIPTION

Nestle (Malaysia), a subsidiary of Nestle Group, manufactures and markets food, confectionery anddairy products in Malaysia.

The company markets over 300 Halal (permissible to use as per Muslim religion) products, reflectingMalaysia's Muslim religious beliefs, and its exports are certified Halal by JAKIM (Jabatan KemajuanIslam Malaysia) or the Department of Islamic Development of Malaysia.

The company’s products are categorized into coffee and beverages, culinary aids/prepared foods,milks, liquid drinks, junior foods, breakfast cereals, chilled dairy, ice cream, chocolate andconfectionery, healthcare nutrition, performance nutrition, and Nestle professional. Its major foodproducts brands include MILO, NESCAFE, MAGGI, NESPRAY, LACTOGEN and KIT KAT.

The company's products sales are aided by its six sales offices located at Kuala Lumpur, JohorBahru, Penang, Kuantan, Kota Kinabalu, Brunei, and Kuching; and its products are manufacturedat seven facilities in Malaysia. Its manufacturing facilities are based in Petaling Jaya and Shah Alamin Selangor, Chembong in Negeri Sembilan and Kuching, Sarawak. Nestle (Malaysia) also operatesa national distribution center located in Selangor, Malaysia.


Nestle (Malaysia) BerhadBusiness Description

HISTORY

Nestle (Malaysia) was established by Nestle Group (Nestle) in 1912 as the Anglo-Swiss CondensedMilk Company, based in Penang. By 1939, growth and expansion made a move to Kuala Lumpurnecessary.

The company's first factory was built in Petaling Jaya in 1962 and was listed on Bursa Malaysia(then KLSE) in 1989.

Nestle (Malaysia) disposed of its equity stake in Food Ingredients Specialities (Malaysia), BeveragePartners Worldwide (Malaysia), Purina PetCare (Malaysia), and Cereal Partners (Malaysia), for atotal of MYR37 million (approximately $11.1 million) in 2002.

The Nestle group consolidated all of its manufacturing activities into Nestle (Malaysia), with theexception of the confectionery operations, which remain under Nestle Asean (Malaysia), in 2005.

The company’s brand MILO FUZE introduced two new variants: MILO FUZE 3in1 Light and MILOFUZE 3in1 Mocha in 2006. MILO FUZE 3in1 Light was the first light chocolate malt drink launchedin Malaysia.

In 2007, Nestle (Malaysia) announced its intention to acquire Henniez, is a mineral water bottlingand distributor company. In late 2007, the company entered into a partnership with Maybank andAmerican Express to adopt innovative B2B expense management solution. Also, Nestle enteredinto a strategic partnership with Brussels-based luxury chocolate maker Pierre Marcolini.

In 2008, Nestle sold 24.85% of Alcon's issued and outstanding capital to Novartis, after which thecompany retained close to 52% of Alcon’s issued capital and continue to fully consolidate Alcon.

In the same year, the company opened its new RM75 million (approximately $22.5 million) regionalplant for non-dairy creamer at its Shah Alam Complex in Selangor, Malaysia.

In April 2009, Mr. Syed Anwar Jamalullail was appointed as the Chairman at Nestle (Malaysia)Berhad.

The company appointed Mr. Detlef Krost as its Executive Director of Technical and Production inAugust 2009.

In October 2009, the company moved its headquarters to Surian Tower in Mutiara Damansara.


Nestle (Malaysia) BerhadHistory

KEY EMPLOYEES

BoardJob TitleName

Executive BoardManaging DirectorPeter R Vogt

Executive BoardExecutive Director, Finance and ControlMarc Seiler

Executive BoardExecutive Director, Technical and ProductionDetlef Krost

Non Executive BoardChairmanSeri Syed Zainol Anwar Jamalullail

Non Executive BoardDirectorMahaleel bin Tengku Ariff

Non Executive BoardDirectorMohd. Rafik bin Shah Mohamad

Non Executive BoardDirectorRafiah binti Salim

Non Executive BoardDirectorFrits Wout Marie van Dijk

Senior ManagementExecutive Director, Ice CreamChew Soi Ping

Senior ManagementExecutive Director, Coffee and BeveragesDon Howat

Senior ManagementExecutive Director, Supply ChainAriffin Bin Buranudeen

Senior ManagementExecutive Director, FoodIzham Mohamed

Senior ManagementExecutive Director, Human ResourceAbdul Wahab Bin Abu Bakar

Senior ManagementExecutive Director, SalesVictor Seah Heng Lim

Senior ManagementExecutive Director, Nestle ProfessionalZainun Nur Abd. Rauf


Nestle (Malaysia) BerhadKey Employees

KEY EMPLOYEE BIOGRAPHIES

Peter R Vogt

Board: Executive BoardJob Title: Managing DirectorSince: 2009Age: 55

Mr. Vogt has been the Managing Director at Nestle (Malaysia) Berhad since September 2009. Hehas served the Nestle group of companies worldwide for almost 30 years, beginning in 1980 as atrainee in Nestle S.A., Vevey. Before his current appointment in Malaysia, he has held various seniorpositions in other Nestle Markets, the majority of which were spent in Asia. He also was the MarketingDivision Manager of the Company. He was heading various Nestle operations in Switzerland,Scandanavia and Germany, after which he was appointed President Director of PT Nestlé Indonesia.Mr. Vogt is a graduate of University St. Gallen, Switzerland.

Marc Seiler

Board: Executive BoardJob Title: Executive Director, Finance and ControlSince: 2008Age: 45

Mr. Seiler has been an Executive Director of Finance and Control at Nestle (Malaysia) Berhad since2008. He started his career as an external auditor with Coopers and Lybrand, before joining theNestlé group of companies in 1990 as the Finance Planning Manager of Nestlé Waters in Paris.Subsequently he was transferred to Nestlr Waters, North America where he held several positionssuch as Director Corporate Planning, Director Finance Supply Chain, Director Promotional TradeSpending, Chief Financial Officer Canada, Chief Financial Officer US Retail Division, with his lastposition as the Business Development, Mergers & Acquisitions Director. Mr. Seiler holds a Mastersof Science in Management from Ecole Superieure de Commerce de Paris, France and an Accountingand Finance Diploma.

Detlef Krost

Board: Executive BoardJob Title: Executive Director, Technical and ProductionSince: 2009Age: 47


Nestle (Malaysia) BerhadKey Employee Biographies

Mr. Krost has been an Executive Director of Technical and Production at Nestle (Malaysia) Berhadsince August 2009. Mr. Krost, a Food Technologist with an Engineering degree, started his careerwith Nestle Germany in 1984 as Production Manager. After eight years working in various chocolateconfectionery factories, he joined the Nestle Productivity Team in Vevey, Switzerland, firstly asProject Coordinator, then as Head of the Nestlé Productivity Team. He returned to Nestle Germanyin 1996 as Factory Manager in Hamburg and then in Berlin. In 2001 he became GLOBE BusinessExcellence Manager for Technical, Production and R&D based in Vevey. Switzerland. He was thenappointed Technical Manager for Nestle Waters in Europe, based in Paris, from 2003. In 2007 hereturned to Vevey, Switzerland as Technical Manager of the Chocolate, Confectionery & BiscuitStrategic Business Unit.

Seri Syed Zainol Anwar Jamalullail

Board: Non Executive BoardJob Title: ChairmanSince: 2009Age: 58

Mr. Jamalullail has been the Chairman of the Board of Directors at Nestle (Malaysia) Berhad sinceApril 2009. Prior to this he was the Director at the company since 2002. He is also the Chairman ofthe Audit Committee. He commenced his career with Malaysian Airlines Systems Berhad in 1975as a Financial Accountant, before moving on to hold senior positions in various companies such asPrice Waterhouse Australia, D & C Nomura Merchant Bank Berhad, Amanah Capital Partners Berhadand he was the Investment Panel Chairman of Lembaga Tabung Haji. Currently he is also theChairman/Director of EON Bank Berhad, Cahya Mata Sarawak Berhad and EON Capital Berhad.Mr. Jamalullail graduated from Macquarie University in Sydney, Australia with a Bachelor of Artsdegree in Accounting, is a qualified Chartered Accountant from the Malaysian Institute of Accountantsand also a Certified Practising Accountant from the Australian Society of Certified PractisingAccountants.

Mahaleel bin Tengku Ariff

Board: Non Executive BoardJob Title: DirectorSince: 2003Age: 63

Dr. Mahaleel has been an Independent Non-Executive Director at Nestle (Malaysia) Berhad since2003. He commenced his career in the Marketing and Sales Department at the company, and thenin 1974 he joined Shell Malaysia for 20 years before leaving to serve New Toyo, Mofaz, with his lastposition as the Group Chief Executive Offi cer of Proton Holdings Berhad. Currently he is also theExecutive Chairman at Tien Wah Press Holdings Berhad, a member of the Graduate School ofBusiness Advisory Board, University Sains Malaysia and a distinguished fellow of the LondonBusiness School Alumni. Dr. Mahaleel graduated with a Bachelor of Arts (Honours) from the Universityof Malaya in 1970.



Mohd. Rafik bin Shah Mohamad


Mr. Mohd. Rafik has been an Independent Non-Executive Director at Nestle (Malaysia) Berhad since2007. He commenced his career as an Analyst with Esso Malaysia Berhad in 1973 and before joiningthe company in 1981, he held senior finance positions in several local companies. He has also heldvarious significant positions in the Nestle group of companies, in Malaysia and other countries, withhis last position as the Executive Vice President and Chief Financial Officer of PT Nestle Indonesiabefore retiring in 2006. Currently he is also a Director at Malaysian AgriFood Corp. Berhad andHandal Resources Berhad. He is also the Chairman/ Director at Biotropics Malaysia Berhad. BiotropicsMalaysia Berhad wholly owns Phytes Biotek Sdn. Bhd. Mr. Mohd. Rafik is a qualified CharteredAccountant from the Malaysian Institute of Accountants and is a member of the Association ofChartered Certifi ed Accountants, United Kingdom.

Rafiah binti Salim


Ms. Rafiah has been an Independent Non-Executive Director at Nestle (Malaysia) Berhad sinceDecember 2009. She was also appointed a member of the Audit committee in October the sameyear. She has served as a Lecturer, Deputy Dean and Dean at the Law Faculty of University Malaya,as the Assistant Secretary General for the United Nations Human Resource Management in NewYork, as the Assistant Governor of the Central Bank of Malaysia, and as a Human Resource GeneralManager with Malayan Banking Berhad. She was previously the Executive Director of the InternationalCentre for Leadership in Finance. Currently she is also a Director at Perbadanan Usahawan NasionalBerhad. She graduated with Masters and Bachelor Degree in Law from the Queen’s UniversityBelfast, the UK and was awarded an honorary Doctorate by the same University in 2002.

Frits Wout Marie van Dijk


Mr. Frits Wout has been a Non-Independent Non-Executive Director at Nestle (Malaysia) Berhadsince 2006. He has served the Nestle group of companies for the last 39 years, beginning in 1970



as a Sales Representative of Nestlé UK and presently, he is the Executive Vice President and Headof Zone Asia, Oceania, Africa and Middle East of Nestlé S.A. Prior to his current position, he hasheld various senior positions within the Nestlé group of companies in various countries, such asIndia, Philippines, Sri Lanka and Japan. He was the Chief Operating Officer and subsequently theMarket Head of the Company from 1987 until 1995. He has also served as the Market Head of NestléJapan and as the Chairman and Chief Executive Officer of Nestle. He graduated with a Bachelor’sDegree in Economics from the School of Economics, University of Rotterdam, the Netherlands, andhas also attended the Executive Development Program at the International Institute for ManagementDevelopment, in Lausanne, Switzerland.



MAJOR PRODUCTS AND SERVICES

Nestle (Malaysia), a part of Nestle Group, is engaged in the manufacturing, marketing and sale of food products in Malaysia. The company's key products and brands include the following:

Products:

Coffee and beverages Prepared foods Milks Liquid drinksJunior foods Breakfast cereals Chilled dairy Ice cream Chocolate and confectionery Healthcare nutrition Performance nutrition

Brands:

MILONESCAFEMAGGINESPRAYLACTOGEN KIT KAT


Nestle (Malaysia) BerhadMajor Products and Services

TOP COMPETITORS

The following companies are the major competitors of Nestle (Malaysia) Berhad

Yeo Hiap Seng (Malaysia)Apollo Food Holdings BerhadTeck Guan Perdana BerhadUnileverCadbury Plc


Nestle (Malaysia) BerhadTop Competitors

COMPANY VIEW

A statement by Mr. Seri Syed Zainol Anwar Jamalullail, Chairman at Nestle (Malaysia) Berhad isgiven below. The statement has been taken from the company’s 2009 annual report.

Throughout the year, the Company remained firm on its course, led by a dynamic and passionateteam that accelerated changes to meet consumer preferences and needs.

Results / Performance

On behalf of the Board of Directors, I am pleased to present the Annual Report of Nestlé (Malaysia)Berhad for the financial year ended 31 December 2009.

The year under review was one that tested the mettle of companies worldwide. During this difficultperiod, both large and small businesses were challenged to maintain their previous performanceand growth momentum. Until the last quarter of the year, many companies worldwide were stillshrugging off the vestiges of the economic downturn.

While the domestic and the world economy showed signs of recovery in the fourth quarter of 2009,most of the economists hold that the sustained global recovery is still vague, with some still expectfor another correction before stabilised.

The above uncertain situation greatly influenced spending behaviour of consumers who were verycautious and this had some bearing on the Group’s performance.

Throughout the year, the Company remained firm on its course, led by a dynamic and passionateteam that accelerated changes to meet consumer preferences and needs, stepped up innovation,reduced waste and increased efficiencies. I am pleased to report that the Group’s performance is atestament to the sound policies and consistent strategies in place, which have helped buffer thevagaries of the commodities market and declining economy.

For the 2009 financial year, Nestlé (Malaysia) Berhad achieved a turnover of RM3.7 billion; 3.4%lower than the previous financial period.

The results were within expectations considering the much challenged economic situation.

An easing in key raw materials cost had a direct impact on export prices, which nudged the overallexports turnover southward. The year under review also saw a shift in the export demand, from milkpowders to products such as ready-to-drink beverages and coffee creamers with lower per kilo value.

However, the external factors not withstanding, the exports sector continued to enjoy its high growthvolume, increasing by 11% over the previous financial period. This continues a trend that has been


Nestle (Malaysia) BerhadCompany View

apparent in recent years, attributable largely to increased demand for Halal Made in Malaysia productsfrom the Middle East and ASEAN countries. The incremental volume translated into higher capacityutilisation, contributing to better absorption of fixed costs and benefiting the bottom line.

Meanwhile, closer to home, the full year sales performance was almost flat; favourably impacted bystrong sales in the fourth quarter of the financial period. An overall satisfactory performance,considering the softer local economy, which saw a 1.7% contraction in 2009.

In addition to the external economic factors, the lower turnover was also impacted by the reducedprices for the range of MILO and Milk products, which took effect in February 2009.

During the year, the Group remained focused on its long-term strategy and invested RM267 millionin capital expenditures, mainly in new manufacturing lines. The new lines will increase productioncapacity as well as provide flexibility for product innovations and renovations.

Similarly, the Group invested significantly in building its brands with strong marketing and consumerpromotions aimed at stimulating consumer demand. Several marketing campaigns were launched,such as NESCAFÉ Antioxidants, MILO Play More, Learn More and MAGGI Mee My Way. Theseefforts, while helping create stronger visibility, will allow Nestlé to be well positioned for the economicrecovery expected in 2010.

The Group also continued to focus on prudent spending and on full cost optimisation across theentire value chain. NCE (Nestlé Continuous Excellence) initiatives have been rolled out from factoriesto business units and divisions driven by the dynamic mantra of “One Team, 100% Engagementand Zero Waste”. In the current economic climate, NCE will continue to assume an integral role inhelping the Company stay competitive to ensure long term profitable growth.

From an input cost perspective, in 2009 the Group managed to leverage favourable trends of keycommodities to reduce pricing on some products and drive sales further. It is to be noted howeverthat some commodity prices (such as cocoa, skimmed milk powder and sugar) started to escalatetowards the end of the last quarter.

For the full year under review, the profit before tax of RM440.3 million was on par with previous year.Profi t after tax rose by 3.2% to RM351.8 million, resulting from a favourable tax expense trenddriven by the Halal tax incentives linked to the year’s capital investments.

One of the worthy achievements during the year under review was the market expansion of thePopularly Positioned Products (PPP) range that offers Malaysians nutritionally balanced productsat more affordable prices.This is part of our ongoing commitment to provide affordable nutrition andtaste to all levels of society, as part of our Corporate Responsibility commitment while supportingthe Government’s efforts to improve the nutritional status of all Malaysians. The year under reviewalso saw the continuation of our strategies focused on single serve pack sizes.



One of the achievements during the year under review was the market expansion of the PopularlyPositioned Products range that offers Malaysians nutritionally balanced products at more affordableprices.

The Group will continue to make investments in line with its objective of being the leader in Nutrition,Health & Wellness, as well as an industry benchmark for its financial performance and trusted byall stakeholders.

Continuous innovation and renovation resulted in the Group steering ahead of the competition byoffering high quality, tasty and nutritious products. Our global investments in research anddevelopment (R&D) clearly shows Nestlé’s commitment in innovating and renovating products basedon scientific evidence and trials. When we convert this knowledge into products, consumers benefitfrom the nutritional value while Nestlé is able to grow its business in a dynamic and sustainablemanner.

We are in full support of the Government’s efforts to encourage healthier diets and active lifestylesto help counter problems associated with obesity, diabetes and cardiovascular diseases.The secondpart of a nationwide survey we conducted jointly with UKM helped us understand the nutritional profile and eating habits of primary schoolchildren, which can be addressed through tactical measuresto counter the worrying trend of obesity and diabetes.

The wellbeing of our consumers is a key priority and as we make bigger steps towards our goal ofbeing the world’s leading Nutrition, Health and Wellness company, we persevere to share ourknowledge and resources with our consumers and key stakeholders as we believe that this needcollaborative efforts. Significant progress has been made in our efforts to improve our products’nutritional profitable by reducing sugar, sodium and fats and this will be an ongoing effort.

The year under review also saw us clinching numerous awards and accolades. In The Wall StreetJournal Asia 200 Most Admired Companies award, Nestlé Malaysia came in a close second to beranked as Malaysia’s overall most admired company in the Asia 200 survey of subscribers of TheWall Street Journal Asia.

Nestlé Malaysia also got the top nod in the Social Performance Report category in the ACCA MalaysiaSustainability Reporting Awards 2009 (ACCA MaSRA) and was awarded the Platinum Award forBest Designed Annual Report in the National Annual Corporate Report Awards (NACRA) 2009.

Dividends

In view of our sustained performance in 2009, the Board has recommended a final net dividend ofRM1.00 per share, giving a total net dividend proposed and declared for the fi nancial year of RM1.50per share. Excluding the special dividend paid in 2008, the amount represents an increase of 15.4%increase from 2008.

Prospects



With the world economy expected to improve in 2010, we foresee the Malaysian economy to benefitfrom the higher global demand for its products. Economic indicators are showing that Malaysiashould register a positive economic growth for 2010, and we expect the Group will fully leveragethis positive economic sentiment to ensure strong top line growth. While we remain cautiouslyoptimistic, the Group’s strong sales in the last quarter of 2009 is an encouraging sign for 2010. TheGroup will continue to make investments in line with its objective of being the leader in Nutrition,Health & Wellness, as well as an industry benchmark for its financial performance and trusted byall stakeholders.

We are confident that with the commitment of our people, good business management in place andstrict internal controls, we will be able to perform within expectations. The fluctuating commoditymarket, which resumed its upward spiral in late 2009, is a source of concern but we will take all themeasures necessary to mitigate the effects of this volatility.

Looking forward, the Group will strive for sustainable, capital efficient and profitable growth and willtake all the necessary measures and steps to ensure that the Company’s progress remains on track.There will be continued emphasis on innovation and renovation, along with stronger consumercommunication; be it in the area of product awareness and marketing activities, or dietary and lifestyleissues that are of concern to our consumers.

We are committed to delivering clear, sustained and measurable results at all times, and look forwardto achieving new heights in the years to come. We are also committed to being a responsible andtrusted company and will continue delivering on our promise to ensure only the highest qualityproducts.

Acknowledgements

On behalf of the Board, I would also like to express my deepest appreciation to the managementand staff for their dedication, commitment and untiring contributions, and to our distributors andcustomers for their continued support and loyalty to our brands and to the Company. I also wish toput on record my sincere gratitude to my fellow directors for their counsel and support.

My first year at the helm of this company has been very challenging to say the least. However, thesupport and counsel of my team has helped me find my footing in this dynamic company within avery short time. It gives me great pleasure to be part of Nestlé (Malaysia) Berhad and I look forwardto many years of uninterrupted success.

During the year, we also saw the departure of two dynamic and committed members of themanagement team who helped drive the Group through the recent turbulent times. Mr SullivanO’Carroll and Mr Magdi Batato, left their positions in Malaysia as Managing Director and ExecutiveDirector (Production) respectively to take on new positions. Their contributions were invaluable andthey will be greatly missed.



Mr Peter R. Vogt has since taken on the mantle as Managing Director, while Mr Detlef Krost is thenew Executive Director (Technical and Production) of the Company. I wish them all the success andlook forward to seeing them take the Company to new heights.



LOCATIONS AND SUBSIDIARIESHead Office

Nestle (Malaysia) BerhadNestle House 422-1 22nd Floor Menara Surian1 Jalan PJU 7/3 Mutiara DamansaraPetaling Jaya 47810SelangorMYSP:603 7965 6000F:603 7965 6767http://www.nestle.com.my

Other Locations and Subsidiaries

Nestle Products Sdn Bhd (Johor Bahru)Nestle Products Sdn Bhd (Kuala Lumpur)4th & 5th FloorsLot 14 Jalan Delima 1/1Bangunan PetronasSubang Hi-Tech Industrial ParkBandar Baru UDABatu TigaJalan SkudaiShah Alam 40000Johor 81200SelangorMYSMYS

Nestle Products Sdn Bhd (Kuantan)Nestle Products Sdn Bhd (Penang)No 23Tingkat 12Jalan Gambut 2Wisma TNBKuantan 25720No 30PahangJalan AnsonMYSPulau Pinang 10400

MYS

Nestle Products Sdn Bhd (Brunei)Nestle Products Sdn Bhd (Kota Kinabalu)c/o Jasra Harrisons Sdn BhdLevel 4 (3rd Floor)Lot 100 Junction of Jalan McArthurWisma 2020Jalan Kianggeh BS 8111 / 871118 Jalan BeliaBandar Seri Begawan BS 8674Kota Kinabalu 88100Brunei DarussalamSabahMYSMYS


Nestle (Malaysia) BerhadLocations and Subsidiaries

nestle malaysia) berhad

Documents