Old Town Annual Report

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OLDTOWN B ERH A D
(797771-M)

A N N U A L R E P O R T
w w w.oldtown .co m . my

2 0 1 1

contents
2 3 4 4 6 7 8 13 14 18 vision and mission statement business overview milestones awards & accolades group structure corporate information board of directors financial highlights chairman’s statement group managing director’s review of operations 26 31 34 36 38 115 119 121 24 statement on corporate social responsibility corporate governance statement audit committee report statement on internal control additional compliance information financial statements list of properties analysis of shareholdings notice of annual general meeting proxy form

ANNUAL REPORT 2011

1

A Significant Milestone for Oldtown Group

From a humble beginning of operating a coffee shop in Ipoh, Oldtown Group has come a long way in its business growth to become one of the largest cafe chain operator in Malaysia, as well as a manufacturer and exporter of coffee and other beverages with an established brand name. Oldtown Berhad achieved a monumental milestone when the Company was successfully listed on the Main Market of Bursa Malaysia on 13 July 2011. The successful listing of the Company is a testament and recognition of the Company’s achievement and provides a strong foundation for the Company to scale greater heights in its business.

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OLDTOWN BERHAD (797771-M)

vision

To be Asia Pacific’s Leading White Coffee Brand

mission statement

OUR PEOPLE:
We Believe That Our People Are Our Assets We acknowledge and appreciate our people as those who grow with us and for their full dedication. We value them for their effort and what they are able to bring to the company, hence we constantly provide a platform and opportunities for career growth and enrichment of knowledge. We cultivate the passion of delighting our consumers into all our staffs to bring forth the best experience possible.

COMMUNITY:
We Nurture The Community We are aware and committed to our community hence we operate our business in a manner that does not compromise the wellness of our future generations. We are passionate about our corporate responsibilities and do our best to provide for the community in different ways, from doing our part for the earth we live in to providing underprivileged children with better homes. We will not look lightly upon our social responsibilities as we believe in giving back to the community as part of the effort towards a better future.

OUR CONSUMERS:
We Delight Our Consumers With Our Products We are consumer centric and are always focused on consumer needs. Hence we are dedicated to delighting our consumers with all our product offerings, by committing ourselves in sourcing the finest ingredients through ethical ways to provide them with the best quality products. We hold strongly to our origins in order to bring to consumers the authentic experience that they expect to enjoy.

MOTHER EARTH:
We Do Our Part in Saving Mother Earth We are attuned with the growing needs to nurture our mother earth and to do our part in caring for the environment. With this, we share and grow the passion and knowledge of caring for the environment with our partners and consumers for them to live this together with us as part of our corporate values.

INVESTORS:
We Focus on Prospering Our Investors We are dedicated to growing and maximising the financial rewards of our investors as we see it as a platform for our company to continue to provide to our consumers and the community.

ANNUAL REPORT 2011

3

business overview
The business activities of Oldtown Group can be divided into three broad categories as follows:

Operation of Cafe Chain
:: Own Cafe Outlets* :: Franchised Outlets :: Food Processing

Manufacturing of coffee and other beverages
:: Instant Coffee Mix :: Roasted Coffee Powder :: Instant Milk Tea Mix :: Instant Chocolate

Marketing and sales of coffee and other beverages
:: Instant Coffee Mix :: Roasted...
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