HIGHLIGHTS 2022

Simon Mignolet Becomes New Brand Ambassador For Trek

In 2022, Red Devil and Club Bruges goalkeeper raises the brand awareness of TREK. Advertisements can be seen all year round on Belgian TV, in Belgian supermarkets and on social media.

N Kd Gets New Look

Thanks to the new branding strategy and communication on the packaging, nākd’s unique features come more clearly to the fore. Consumers can now see at a glance that nākd is a tasty, healthy snack made with 100% natural ingredients.

Capacity Of Spread Expanded In Lembeke

In order to keep up with ever-growing demand, the production capacity for spread was expanded in Lembeke. This investment was necessary to support the further growth of Lotus® Biscoff®.

Publication Of Very Strong 2021 Annual Results

As a group, Lotus Bakeries grew by double digits once again in 2021 and achieved a revenue of 750.3 million EUR, a growth of more than 13%.

Visit From Flemish Ministerpresident Jan Jambon At Lotus South Africa Manufacturing

The first ground for the construction of the new factory hall in South Africa is broken in the presence of Minister-President Jambon. The ongoing investments make Lotus Bakeries one of the largest employers in the Ceres Valley (Western Cape province).

Acquisition Of Kung Oscar By Annas Pepparkakor

Kung Oscar Pepparkakor is a premium, traditional Swedish Pepparkakor brand with a history dating back to 1888. The R&D and production teams have been working hard to ensure that this cookie, which is a little spicy and has a softer texture than the Annas Pepparkakor, can be produced and packaged in its own Annas factory.

Hosting The Sustainable Entrepreneurs Fair

Employees have the opportunity to engage in dialogue with various organisations that are active in the field of sustainability. The fresh insights and possible collaborations that emerge from this will strengthen the company’s sustainable mission.

Boardroom Change And A Farewell To Mr Johan Boone

After 26 years, Mr Johan Boone steps down from the Board of Directors. PMF NV, represented by Mr Emanuel Boone, is appointed as new non-executive director.

ANNOUNCEMENT OF COMPLETE TAKEOVER OF ARTISANAL SOURDOUGH CRACKER COMPANY PETER’S YARD

Lotus Bakeries acquires 100% of the shares of Peter’s Yard, a British artisanal sourdough company that produces a wide range of unique, delicious sourdoughbased crackers, which are great as a cheese cracker or toast.

Lotus Bakeries Unveils Production Plans In Asia

Besides investments in Europe (Belgium) and North America (US), Lotus Bakeries unveils its plans to start a Lotus® Biscoff® manufacturing facility on a third continent – Asia. The Thai ambassador to Belgium congratulated Lotus Bakeries on the plans during his visit to their headquarters.

STRONG 2022 HALF-YEAR RESULTS ARE PUBLISHED

In the first semester of 2022, Lotus Bakeries continued to build on last year’s growth with consolidated revenue growth of 14.1%.

Courcelles Manufacturing Site Expands And Gets Additional Waffle Line

In order to also be able to follow the increasing demand for waffles, a second production hall was built in Courcelles on the same site. The extra production line increased its capacity for Liège waffles.

September

MARIE-LOUISE RAYMOND, THE HEADMASTER OF KUSASA SCHOOL, VISITS LOTUS BAKERIES OFFICE IN ST. ALBANS

During her visit, Mrs Raymond explains to all the employees how the Kusasa Project, a South African initiative that Lotus Bakeries has supported since 2018, allows children from the region to be offered top-level education, and from there helps increase their chances of a better future.

New Dough Preparation Room Operational In Lembeke

Lotus Bakeries also continued to invest in innovation and capacity in Belgium. This second dough room is necessary to provide additional dough preparation capacity to support the further growth of both Lotus® Biscoff® cookies and Lotus® Biscoff® spread.

‘HOUSE OF BISCOFF’ GRAND OPENING

The current headquarters in Lembeke were expanded with a brand-new building called the ‘House of Biscoff’. The ‘House of Biscoff’ offers extra space for around 40 employees, the entire ground floor is furnished with meeting rooms.

NEW PRODUCTION HALL AND TWO LOTUS® BISCOFF® PRODUCTION LINES BECOME OPERATIONAL IN MEBANE

Significant investments are also made in Mebane (US) in order to follow the great success of Lotus® Biscoff® worldwide. Two new production lines are already operational in the new building and there is room to add two more in the near future.

IQBAR BECOMES THE LATEST ADDITION TO THE FF2032-PORTFOLIO

Lotus Bakeries, through its corporate venture fund FF2032, acquires a minority stake in IQBAR, an American producer of a plant-based nutrition bars containing six ingredients with benefits for the body and the mind.

November December

16% YEAR-ON-YEAR GROWTH FOR LOTUS™ NATURAL FOODS SINCE THE FIRST ACQUISITION IN 2015

In 2022, Lotus™ Natural Foods’ brands all continued to grow strongly and generated revenue of 175 million EUR.

This represents a 24% increase from last year and a 16% year-on-year growth since acquisitions in 2015.

1

2 An internal employee is an employee who is connected to Lotus Bakeries with an employment contract, either of unlimited duration or of limited duration.

3 Key suppliers are all of our suppliers of end products (external production), raw materials, packaging and machinery, with whom Lotus Bakeries has entered into a written contract.

100%

97% OF ALL LOTUS BAKERIES PACKAGING IS RECYCLABLE4

4 The recyclability rate is the average technical recyclability of the packaging of all Lotus Bakeries brands at the end of 2022. It takes into account consumer packaging, distribution packaging and transport packaging. The technical recyclability rate is determined per packaging component on the basis of state-of-the-art design guidelines for recyclability (Ceflex, Recyclass). The average technical recyclability is a weight average, based on the packaging weight of each packaging component.

Gender Diversity

Board of Directors Leadership Team5

70%

5

All employees

Lotus Bakeries aims to offer every consumer a versatile range of responsible and tasty snacks for every consumption moment. The cookies, ice cream, spread, chocolate, waffles, cakes, gingerbread and natural snacks our company offers create a moment of pure joy for consumers. Lotus Bakeries wants to be an established part of consumers’ daily lives, in as many countries as possible.

In order to climb to the top among global brands and achieve sustainable growth, Lotus Bakeries has a clear strategy in place. Building brands is central to this. Lotus Bakeries is active worldwide in the snacking segment with the Lotus, Lotus® Biscoff®, nākd, TREK, BEAR, Kiddylicious, Dinosaurus, Peijnenburg and Annas brands, among others. To give each of these brands, each of which has its own DNA and its own target group, sufficient focus and attention, the strategy is shaped via three pillars.

Superior

Each of our products offers a unique taste experience. We never compromise on taste!