Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — Investor Presentation (May 2023)
21 slides from Golden Agri-Resources's investor presentation, May 2023
Slide 1: Company Presentation
www.goldenagri.com.sg Company Presentation May 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Golden Agri-Resources Ltd. (“GAR” or “Company”) for informational purposes, and may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are b
Slide 3: Contents
Contents 1 Corporate Overview 4 2 Key Competitive Strengths 7 3 Strategy and Outlook 14 4 Financial Performance 16 3
Slide 4: Corporate Overview
(Je\ gar gar. and food ] CORPORATE OVERVIEW Lo
Slide 5: Overview of GAR
Overview of GAR • Listed on SGX since 1999 • A leading global seed-to-shelf palm-based business, applying technology and responsible production values as cornerstones • Producing wide range of value added palm-based products with complementary businesses of soybean-and-sunflower- based products as w
Slide 6: Leading Indonesian Plantation Group with Integrated Operations and Global Presence
Leading Indonesian Plantation Group with Integrated Operations and Global Presence Research & Plantations Milling Processing Processed Development 49 mills Products Collaboration 14.42mn T FFB Cooking oils with CIRAD p.a 6 refineries Margarine 4.98mn tpa Shortening 536k ha Specialty fats 22% plasma
Slide 7: Key Competitive Strengths
(Je\ gar gar. and food ] KEY COMPETITIVE STRENGTHS Lo
Slide 8: Building on Competitive Strengths for Sustainable Growth
Building on Competitive Strengths for Sustainable Growth Best-in-class plantations with managed age profile continues to deliver above-industry yields 1 Strong financial position Integrated business and consistent dividend 2 model provides robust distribution 5 profit base 4 3 Science and technologi
Slide 9: Best-in-class Plantations with Managed Age Profile Delivering Above-Industry Yields
1. Best-in-class Plantations with Managed Age Profile Continues to Deliver Above-Industry Yields Taking initiative in technological innovation allows GAR to stay ahead in yield growth GAR’s Age Profile GAR’s 2022 CPO yield was 26% higher than • Precision Agriculture through Indonesia average and 20%
Slide 10: Integrated Business Model Provides Robust Profit Base
2. Integrated Business Model Provides Robust Profit Base Origination of Processing and Logistic Destination Market Raw Materials Product Customisation Excellence Expertise EBITDA margin Our end-to-end ability in managing 2200 18% across the integrated value chain 16.0% Downstream enabling us to opti
Slide 11: Sustainability is Our Business Imperative
3. Sustainability is Our Business Imperative Strong commitment to responsible palm oil production Committing to climate action • GAR and 13 companies signed Agriculture Sector Roadmap to 1.5˚C at COP27 • Accelerating action in supply chains to stop commodity-linked deforestation • GAR also implement
Slide 12: Science and Technological Innovation
4. Science and Technological Innovation Embracing science and technological innovation for responsible growth and margin enhancement Aim for high-productivity and zero-waste precision agriculture for sustainable growth • Monitor and manage widely spread operations efficiently through War Room, a sta
Slide 13: Strong Financial Position and Consistent Dividend Distribution
5. Strong Financial Position and Consistent Dividend Distribution Strong growth in operating cash Strengthened financial ratios despite Increasing trend of dividend flows1 industry volatility yield 0.75 0.73 6.9 0.70 0.70 0.71 10.01 969 0.61 5.7 819 7.54 0.57 614 629 626 520 523 4.84 4.83 2.9 4.44 2
Slide 14: Strategy and Outlook
(Je\ gar gar. and food ] STRATEGY AND OUTLOOK Lo
Slide 15: Strategy and Outlook
Strategy and Outlook Strategic Focus • Continue to bolster our competitive strengths as a leading technology-driven soil-to- table agribusiness company • Leveraging cutting-edge technology and agri-science innovation throughout our business value chain, advancing our operational excellence to the ne
Slide 16: Financial Performance
(Je\ gar gar. and food ] FINANCIAL PERFORMANCE Lo
Slide 17: Consolidated Financial Performance
Consolidated Financial Performance First quarter 2023 performance softened as impacted by normalisation of CPO prices (in US$ million) 1Q 2023 1Q 2022 YoY 2022 2021 Revenue 2,539 2,700 -6% 11,439 10,183 Gross Profit 487 673 -28% 3,026 2,355 Gross Profit Margin 19% 25% -6% 26% 23% 1 EBITDA 247 372 -3
Slide 18: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills 2022 2021 YoY 2020 Revenue (US$ million) 2,268 2,190 4% 1,482 EBITDA (US$ million) 804 779 3% 416 EBITDA margin 35.5% 35.6% -0.1% 28.1% CPO FOB Market Price (US$/MT) 1,248 1,168 7% 691 Net of export levy and tax (US$/MT) 969 819 18% 626 FFB Production
Slide 19: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Exceptional performance in 2022 led to record downstream EBITDA exceeding US$1 billion for the full year 2022 2021 YoY 2020 Revenue (US$ million) 11,366 10,150 12% 7,058 Sales Volume (‘000 tonnes) 9,698 10,131 -4% 10,140 EBITDA (US$ million) 1,022 434 135%
Slide 20: Financial Position
Financial Position Financial position remained strong with a low gearing ratio US$ million 31-Mar-23 31-Dec-22 Change Total Assets 9,652 9,902 -3% Cash and short-term investments 1,147 1,145 0.2% Fixed assets1 3,790 3,820 -1% Total Liabilities 4,289 4,648 -8% Net Debt2 136 142 -4% Interest bearing d
Slide 21: If you need further information, please contact
If you need further information, please contact: Golden Agri-Resources Ltd c/o 108 Pasir Panjang Road #06-00 Golden Agri Plaza Singapore 118535 Tel: +65 6590 0800 Fax: +65 6590 0887 www.goldenagri.com.sg Richard Fung - Director, Investor Relations richard@goldenagri.com.sg golden-agri-resources-ltd
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