Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — FY2024 Earnings Presentation
17 slides from Golden Agri-Resources's earnings presentation, Feb 27, 2025
Slide 1: Golden Agri-Resources Ltd. Full Year 2024 Performance
www.goldenagri.com.sg Golden Agri-Resources Ltd. Full Year 2024 Performance 27 February 2025
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 ba
Slide 3: Executive Summary
Executive Summary Robust full year 2024 financial results following second half recovery Segmental EBITDA Full Year 2024 Financial Highlights US$ million 1,826 Dividend per Revenue EBITDA Net Profit1 share 1,214 1,022 US$10.91 bn US$1.10 bn US$365 mn S$0.804 cents 1,101 986 Expanded volume Higher co
Slide 4: Financial Highlights
Ck | Financial Highlights WA
Slide 5: Financial Performance
Financial Performance Robust 2024 financial performance with sustained EBITDA margin despite El Niño impact US$ million FY 2024 FY 2023 YoY 2H 2024 1H 2024 HoH Revenue 10,910 9,756 12% 5,768 5,142 12% Gross Profit 2,052 1,851 11% 1,133 920 23% EBITDA1 1,101 986 12% 607 495 23% Underlying Profit2 416
Slide 6: Financial Position
Financial Position Financial position continued to be healthy supported by prudent financial management US$ million 31-Dec-24 31-Dec-23 Change Total Assets 10,693 9,716 10% Cash and short-term investments 1,000 1,135 -12% Fixed assets1 3,834 3,817 0.4% Total Liabilities 5,315 4,537 17% Net Debt2 565
Slide 7: Dividend Distribution for FY 2024 Profit
Dividend Distribution for FY 2024 Profit The Board declares higher final dividend of 0.804 Singapore cents per share, subject to shareholders’ approval at the 2025 Annual Meeting Cash Dividend FY 2024 FY 2023 Change Dividend per share (in S$ cents) 0.804 0.613 31% Total Dividend (in S$ million) 101.
Slide 8: Segmental Performance
Ck | Segmental Performance WA
Slide 9: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills Stronger 2024 results of plantation segment with increase in CPO prices mitigating the lower production FY 2024 FY 2023 YoY 2H 2024 1H 2024 HoH Revenue (US$ million) 2,174 2,007 8% 1,266 908 39% EBITDA (US$ million) 567 478 19% 355 213 67% EBITDA marg
Slide 10: Oil Palm Plantations
Oil Palm Plantations Technological innovation and replanting with higher yielding seeds ensure long-term productivity growth Age Profile (ha) Mature Area (ha) Planted Area (ha) 10% 24% 536,234 532,176 54,713 481,521 486,834 9% 125,189 118,025 116,247 48,810 107,459 109,235 377,599 418,209 415,929 Su
Slide 11: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Performance of downstream business in 2024 remained resilient amidst unfavourable market environment FY 2024 FY 2023 YoY 2H 2024 1H 2024 HoH Revenue (US$ million) 10,800 9,643 12% 5,707 5,093 12% Sales Volume (‘000 tonnes) 11,502 10,871 6% 5,783 5,719 1% EB
Slide 12: Strategy and Outlook
Ck | Strategy and Outlook WA
Slide 13: Business Strategy and Outlook
Business Strategy and Outlook Strategic Focus Fortifying our position as an innovative and leading integrated agribusiness and food player, with a superior at-scale upstream and resilient value-adding downstream businesses Business Outlook Operational Excellence at Value Add Enhancement at Industry
Slide 14: Ongoing Sustainability Initiatives
Ongoing Sustainability Initiatives Pathway to Net Zero Emissions by 2050 • GAR has committed to near-term decarbonisation targets for scope 1-3 FLAG1 and non-FLAG1 emissions. • 2030 target emissions reductions: • 30% reduction in Scope 1 and 3 FLAG1 • 42% reduction in Scope 1 and 2 non-FLAG1 • Decar
Slide 15: Appendix
Ck | Appendix WA
Slide 16: Plantation Age Profile
Plantation Age Profile Immature and younger estates use newer-generation higher-yielding planting materials that will further boost production growth in the future Immature Young Prime 1 Prime 2 Old Total hectares (0-3 years) (4-6 years) (7-18 years) (19-25 years) (>25 years) 31 December 2024 Nucleu
Slide 17: 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 @GAR