Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — H1 2023 Earnings Presentation
16 slides from Golden Agri-Resources's earnings presentation, Aug 14, 2023
Slide 1: Golden Agri-Resources Ltd (GAR) Interim Performance Presentation
www.goldenagri.com.sg Golden Agri-Resources Ltd (GAR) Interim Performance Presentation - Half year ended 30 June 2023 14 August 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: Executive Summary
Executive Summary Robust first half 2023 results moderated by CPO price Segmental EBITDA2 (US$ million) normalisation after record high in 2022 808 1H 2023 Financial Performance 288 Revenue EBITDA Underlying Profit1 523 477 US$4.88 bn US$478 mn US$220 mn 158 -11% -41% -46% 258 520 Average CPO FOB pr
Slide 4: Financial Highlights
Cia | Financial Highlights /
Slide 5: Financial Performance
Financial Performance Solid first half 2023 results moderated by CPO price normalisation and production slowdown, while downstream performance was resilient US$ million 1H 2023 1H 2022 YoY 2Q 2023 1Q 2023 QoQ Revenue 4,876 5,490 -11% 2,338 2,539 -8% Gross Profit 882 1,369 -36% 396 487 -19% EBITDA1 4
Slide 6: Financial Position
Financial Position Healthy financial position maintained US$ million 30-Jun-23 31-Dec-22 Change Total Assets 9,852 9,902 -0.5% Cash and short-term investments 1,201 1,145 5% Fixed assets1 3,795 3,820 -1% Total Liabilities 4,512 4,648 -3% Net Debt2 317 142 123% Interest bearing debt 3,100 2,984 4% Ca
Slide 7: Segmental Performance
Cia | Segmental Performance /
Slide 8: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills 1H 2023 1H 2022 YoY Revenue (US$ million) 917 1,249 -27% EBITDA (US$ million) 219 520 -58% EBITDA margin 24% 42% -18% First half results were impacted by: CPO FOB Market Price (US$/MT) 949 1,595 -40% • 40% decline in CPO market Net of export levy and
Slide 9: Oil Palm Plantations
Oil Palm Plantations Continued long-term productivity growth through technological innovation and replanting with higher yielding seeds Mature Area (in ha) Planted Area (in ha) Age Profile as of 30 June 2023 537,733 537,697 26% 7% 500,045 497,353 37,688 9% 115,439 115,600 109,481 108,074 136,790 50,
Slide 10: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Continued healthy EBITDA margin from further advancing our integrated business model 1H 2023 1H 2022 YoY Revenue (US$ million) 4,834 5,467 -12% Sales Volume (‘000 tonnes) 5,148 4,193 23% EBITDA (US$ million) 258 288 -10% EBITDA margin 5.3% 5.3% - • Substant
Slide 11: Strategy and Outlook
Cia | Strategy and Outlook /
Slide 12: 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 13: Towards Responsible Palm Oil Production
Towards Responsible Palm Oil Production Managing Conservation Areas and Biodiversity • Protecting and restoring mangrove forests near our Tarjun Refinery in South Kalimantan • In partnership with a major buyer, commencing a project to rehabilitate degraded peatlands in Jambi • Continue to scale our
Slide 14: Appendix
Cia | Appendix /
Slide 15: Age Profile
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) 30 June 2023 Nucleus 31,730 46,575
Slide 16: 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
Golden Agri-Resources — H1 2023 Earnings Presentation on 6ix