Genting Plantations Bhd. · MYX:GENP
Genting Plantations Bhd — Shareholder Meeting (June 2024)
30 slides from Genting Plantations Bhd's shareholder meeting presentation, Jun 11, 2024
Slide 1: Annual General Meeting
Annual General Meeting 11 June 2024 Copyright © 2024 Genting Plantations Berhad 197701003946 (34993-X). All Rights Reserved.
Slide 2: Financial Performance
Revenue ↓ 7% EBITDA ↓ 29% Financial Performance Revenue Adjusted EBITDA 1,200 3,500 1,000 3,000 RM in millions 800 RM million 2,500 Others 2,000 600 Downstream 1,500 400 manufacturing 1,000 Property 200 500 Plantation - - 2022 2023 2022 2023 (200) Note: Others refer to AgTech, forex translation of o
Slide 3: Plantation
" be 3 : - Plantation = 9
Slide 4: Growth in production and yield
Growth in production and yield Softer performance due to weaker palm product prices Revenue Average selling price FFB production FFB yield 2,800 2,400 20 4,500 18 2,400 4,000 2,000 16 2,000 3,500 14 3,000 1,600 RM million 12 In 000's mt 1,600 RM/MT 2,500 MT/ha 1,200 10 1,200 2,000 8 1,500 800 800 6
Slide 5: 24,500 ha in Malaysia replanted since 2017
24,500 ha in Malaysia replanted since 2017 2023 planted area Projected replanting areas 24,500 ha 11,800 ha 5,000 Immature 13% 4,000 159,095ha Replanting area (ha) 3,000 Mature 87% 2,000 Average palm age: 12.1 1,000 years 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5
Slide 6: Sustainability
Sustainability
Slide 7: Sustainability certifications
Sustainability certifications • 24/32 Estates • 10/13 Oil Mills • 100% Certified (Malaysia) • 1/1 Refinery • 2/2 Biodiesel Plants • 100% Certified (Malaysia) • 5/12 Estates • 3/6 Oil Mills
Slide 8: Sustainability
The Edge ESG Awards 2023 Plantation sector – Gold Award Sustainability Recognising the pivotal MSCI ESG Ratings assessment role of ESG in achieving Year 2023: Ranked BB sustainable business development ZSL SPOTT Ranking Year 2023: 78%, ranked 24 out of 100 companies 8
Slide 9: Downstream Manufacturing
Downstream Manufacturing
Slide 10: Downstream Manufacturing: Challenging due to intense competition
Downstream Manufacturing Challenging due to intense competition Revenue Sales volume Refinery Biodiesel 1,600 400 • Stiff price • Malaysia’s biodiesel 1,400 350 competition due to mandate: 300 54 Indonesia’s export 1. B10 for In 000’s mt 1,200 52 RM million tax structure transportation 250 1,000 2.
Slide 11: Downstream Manufacturing Initiatives
Downstream Manufacturing Initiatives Initiatives SUSTAINABILITY OPERATIONAL INITIATIVE EFFICIENCY Proposal to install solar Utilisation of POIC Port power currently in Lahad Datu for progresss shipment for cost savings POIC Port Lahad Datu, Container Export Shipment 11
Slide 12: Agriculture Technology (AgTech)
Agriculture Technology (“AgTech”)
Slide 13: GENP Group's AgTech Division – Achieving Our Vision
GENP Group’s AgTech Division – Achieving Our Vision Driving Excellence in Agribusiness Genomics Biologicals Data Analytics Artificial Intelligence Precision Ag Breeding Sequencing Agronomy Soil Health Plant Health Satellite UAV Geospatial Soil Analysis Data Warehouse Handheld Maize Data-Driven Appro
Slide 14: Next Generation Oil Palm Seeds
AGTECH Next Generation Oil Palm Seeds The Right Seed at the Right Location with Right Practices Artificial Intelligence Upscaling Seed Commercial Approaches Production Capacity Seed Sales Proprietary Traits Stacking ▪ 4-5 million annual ▪ 7,600 ha GENP ▪ High yielding capacity replanting ▪ Ganoderma
Slide 15: Biofertiliser Products
AGTECH Biofertiliser Products Sustainable Agriculture Solutions Towards Optimised Output New Consistent & Large Sale Product Development Encouraging Results Commercial Planting ▪ Plant growth ▪ 9 years of yield records ▪ Expanded adoption of ▪ Disease control ▪ >15% yield increment 4,300 ha replanti
Slide 16: Property
Property Genting Indahpura – Kensington
Slide 17: 8% sales growth despite inflationary pressures
8% sales growth despite inflationary pressures underpinned by well- received property offerings and concerted marketing efforts Rimbun Residences Kensington 3 Raintree Residences Indahpura Central Double Storey Terrace Double Storey Terrace Cluster and Semi-detached Double Storey Shop offices 100 un
Slide 18: Maiden Launch – 148 units of mixed industrial development
Maiden Launch – 148 units of mixed industrial development with GDV of RM262 million Freehold Land Managed Development Centralised Workers’ Dormitory Semi-detached Factory Detached Factory RM1.9 mil/unit RM3.7 mil/unit Other Features ▪ GreenRE-certified ▪ High voltage electricity supply ▪ High speed
Slide 19: Upcoming launches with GDV of RM294 million
Upcoming launches with GDV of RM294 million Total GDV for 2024: RM556 million June August October November Genting Indahpura Genting Pura Kencana Genting Indahpura Genting Indahpura 10u 73u 236u 81u Double Storey Shop Office Double Storey Terrace Double Storey Terrace Double Storey Terrace RM1.4 mil
Slide 20: Genting Indahpura – 328 acres residential and commercial development
Genting Indahpura – 328 acres of gated and Sports and Leisure Amenities guarded residential and ▪ Scenic lake with a viewing deck ▪ Leisure park for relaxation and activities commercial development ▪ Full-sized football pitch ▪ Multipurpose court with biking trails Sustainability Features Modern Res
Slide 21: Premium Outlets sales soared with improved tourist arrivals
Premium Outlets®’ sales soared with improved tourist arrivals 250 New additions: 200 Revenue (RM in millions) 150 100 50 0 2022 2023 Genting Highlands Premium Outlets ® Johor Premium Outlets ® 21
Slide 22: Premium Outlets awarded Silver for Putra Brand Awards 2023
Premium Outlets® awarded with Silver for Putra Brand Awards 2023 22
Slide 23: Premium Outlets in Indonesia
Premium Outlets® in Indonesia Jakarta Premium Outlets Gross Leasable Area (GLA) – 28,500 square meters Number of Brand Partners – 150 Number of Car Parking – 1,100
Slide 24: Pre-Submitted Questions from Shareholders
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS 24
Slide 25: Pre-Submitted Questions from Shareholders
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS Why is GENP not performing? Your property division should take advantage of her prime land within the Iskandar region to prosper. Gone are the days the share command a premium, why today the market is not appreciating this stock?
Slide 26: Pre-Submitted Questions: Our Response
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS Our Response The Board of Directors and senior management are committed to delivering long term value to our shareholders and are actively taking steps to strengthen our Company’s fundamentals. This includes, but not limited to ou
Slide 27: Pre-Submitted Questions: Our Response
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS Our Response Although our Company is primarily a plantation company, the Board also continuously assess the potential of our landbank and unlocking value at opportune time. Over the years, we have implemented various initiatives a
Slide 28: Pre-Submitted Questions: Dividend Yield
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS GENP's dividend yield (DY) as per StarBizWeek dated 11/5/24 was shown as 3.4%. I look forward to the Board and Management to strive to achieve a higher DY 4% and above in order for shareholders to enjoy better returns. 28
Slide 29: Pre-Submitted Questions: Our Response
46TH ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS Our Response The Group remains committed to maintaining an optimal balance between rewarding shareholders with appropriate dividend returns while retaining sufficient resources to support future expansion and growth in areas relat
Slide 30: Thank you
Thank you Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of the GENP Group (
Genting Plantations Berhad — Shareholder Meeting (June 2024) on 6ix