Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — Shareholder Meeting (April 2021)
20 slides from Golden Agri-Resources's shareholder meeting presentation, Apr 28, 2021
Slide 1: Golden Agri-Resources Ltd Annual Meeting 28 April 2021
GOLDEN AGRI-RESOURCES LTD Full Year 2019 Results Presentation 28 February 2020 Golden Agri-Resources Ltd Annual Meeting 28 April 2021 11
Slide 2: Overview of GAR
OVERVIEW OF GAR • Listed on SGX since 1999 • A leading Indonesian plantation group with integrated operations for the production of a broad range of value added palm-based products • Increasing presence in destination markets with on shore refining in China and India Plantation Profile Financial Sta
Slide 3: Vertically Integrated Palm Oil Operations
VERTICALLY INTEGRATED PALM OIL OPERATIONS Research & Plantation & Basic Processed CPO Milling Processing Development Harvesting Products Products Collaboration Planted area1,2 No of mills CPO Refining Branded & with CIRAD Total 536k ha 48 Nucleus 425k ha Production No of plants Unbranded Seedling Pl
Slide 4: Strong Position Across the Downstream Value Chain with Global Destination Presence
STRONG POSITION ACROSS THE DOWNSTREAM VALUE CHAIN WITH GLOBAL DESTINATION PRESENCE Our end-to-end ability in managing across the downstream value chain will enable us to better respond to supply chain disruption Origination of Processing & Logistic Excellence Destination Market Raw Materials Product
Slide 5: Strong Position Across the Downstream Value Chain with Global Destination Presence
STRONG POSITION ACROSS THE DOWNSTREAM VALUE CHAIN WITH GLOBAL DESTINATION PRESENCE USA Marketing MED Rotterdam Ex-tank Marketing Marketing Ex-tank Pakistan China Marketing Marketing Ex-tank Ex-tank ROW Marketing Africa Marketing India Marketing Bangladesh Indonesia Ex-tank Marketing Marketing Brazil
Slide 6: Financial Performance
FINANCIAL PERFORMANCE US$ million FY 2020 FY 2019 YoY Revenue 7,078 6,432 10% Gross Profit 1,150 831 38% EBITDA1 669 697 -4% Underlying Profit/(Loss)2 230 272 -15% Net gain/(loss) from changes in fair value of biological assets3 15 0.3 n.m Depreciation of bearer plants3 -111 -99 11% Foreign exchange
Slide 7: Financial Position
FINANCIAL POSITION Our focus is on strong liquidity position amidst the COVID-19 pandemic US$ million 31-Dec-20 31-Dec-19 Change Total Assets 9,126 8,779 4% Cash and short-term investments 1,097 784 40% Fixed assets1 4,127 3,720 11% Total Liabilities 4,695 4,274 10% Net Debt2 1,108 1,573 -30% Intere
Slide 8: Final Dividend
FINAL DIVIDEND The Board proposes final dividend distribution of 0.48 Singapore cents per share, subject to approval from shareholders Cash Dividend 2016 2017 2018 2019 2020 Dividend per share (in S$ cents) 0.635 0.809 0.580 0.580 0.480 Total Dividend (in S$ million) 80.86 103.02 73.86 73.86 60.92 U
Slide 9: Thank You
ee agribusiness and food THANK YOU
Slide 10: Questions and Answers
QUESTIONS AND ANSWERS gar agribusiness and food 10
Slide 11: Industry Outlook
INDUSTRY OUTLOOK Question from Shareholder No 1: What is the outlook for the agribusiness industry? Any plans to generate higher return to shareholders? Company’s Response: The palm oil industry remains very attractive. Entering the year 2021, we see continued CPO price appreciation on the back of t
Slide 12: Industry Outlook
INDUSTRY OUTLOOK In term of sustainability, the industry has been progressing as well. In order to meet our sustainability commitments, we source our raw materials from suppliers who agree to follow the same high standards of responsible production. At GAR, we continue to make investments to help ou
Slide 13: 2021 Results
2021 RESULTS Question No 1 from Shareholder No 2: Are we expecting a better result this year compared with last year? Company’s Response: We don’t formally provide result guidance. What we can say is that main factors impacting our financial performance are international CPO price, production volume
Slide 14: Business Strategy
BUSINESS STRATEGY Question from Shareholder No 3: What were the main changes to corporate strategy and plans, post-Covid in the coming years? Question No 1 from Shareholder No 4: What strategies have you put in place to maintain or accelerate the growth trajectory? Question No 2 from Shareholder No
Slide 15: Business Strategy
BUSINESS STRATEGY As a soil-to-table agribusiness player, GAR’s strategy is built on palm oil’s competitiveness based on the evolving global consumer preferences toward health-friendly and sustainably produced products. We continue to develop a more extensive portfolio of palm-based products with an
Slide 16: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Question No 1 from Shareholder No 4: Describe Golden Agri’s financial performance over the past few years. Company’s Response: The main factors impacting our financial performance are international CPO price, production volumes, our downstream value added margins and
Slide 17: Competitive Edge
COMPETITIVE EDGE Question No 2 from Shareholder No 4: What are the factors that are critical to Golden Agri’s success against competition? What differentiates Golden Agri from competition? Question No 5 from Shareholder No 4: What is Golden Agri’s value proposition to its shareholders and potential
Slide 18: Competitive Edge
COMPETITIVE EDGE • Third is our leading position and continued investments in research and development and embracing science and technological innovation in order to increase productivity, cost efficiencies and enhanced profit margins. • Fourth is our leading position and strong commitment in respon
Slide 19: Environmental, Social and Governance (ESG)
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) Question No 4 from Shareholder No 4: What are some of the key ESG factors that are material to the Group? Company’s Response: As an agribusiness player, we recognise that our long-term success relies on adopting sustainable business practices. At the heart
Slide 20: Environmental, Social and Governance (ESG)
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) • With over a hundred thousand employees across our operations, we take our responsibility in providing a safe and healthy workplace very seriously. Our Occupational Health and Safety management aims to minimise workplace accidents, fatalities and other adv
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