Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — FY2020 Earnings Presentation
18 slides from Golden Agri-resources's earnings presentation, Feb 25, 2021
Slide 1: Golden Agri-Resources Ltd (GAR) Full Year 2020 Results Presentation
www.goldenagri.com.sg Golden Agri-Resources Ltd (GAR) Full Year 2020 Results Presentation 25 February 2021
Slide 2: Executive Summary
Executive Summary GAR concluded a challenging 2020 with a strong quarter EBITDA (in US$ million) • FY2020 Financial Performance 697 669 Revenue EBITDA Underlying Profit1 Proposed Dividend US$7.08 bn US$669 mn US$230 mn S$0.48 cents 255 480 +10% 398 -4% -15% per share 197 • Contributing factors - CPO
Slide 3: Financial Highlights
(Za\ gar 4 agribusiness and food ] Financial Highlights /
Slide 4: Financial Performance
Financial Performance US$ million FY 2020 FY 2019 YoY 2H 2020 1H 2020 HoH Revenue 7,078 6,432 10% 3,687 3,391 9% Gross Profit 1,150 831 38% 762 389 96% EBITDA1 669 697 -4% 480 189 154% Underlying Profit/(Loss)2 230 272 -15% 242 -11 n.m Net gain/(loss) from changes in fair value of biological assets3
Slide 5: 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 1,109 1,573 -29% Intere
Slide 6: 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 7: Segmental Performance
(Za\ gar 4 agribusiness and food ] Segmental Performance /
Slide 8: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills Strong performance supported by the rebound in CPO prices offsetting the lower plantation output as affected by the drought in 2019 FY 2020 FY 2019 YoY 2H 2020 1H 2020 HoH Revenue (US$ million) 1,482 1,324 12% 857 625 37% EBITDA (US$ million) 416 299
Slide 9: Oil Palm Plantations
Oil Palm Plantations Continued long-term productivity growth through replanting and technological innovation Mature Area (in ha) Planted Area (in ha) Age Profile as of 31 Dec 2020 535,923 10% 484,947 497,587 13% 458,557 50,976 7% 111,216 105,781 104,751 69,785 101,757 36,455 379,166 424,707 392,836
Slide 10: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Strong earnings recovery in the second half after impact from the COVID-19 outbreak in early 2020 FY 2020 FY 2019 YoY 2H 2020 1H 2020 HoH Revenue (US$ million) 7,058 6,391 10% 3,676 3,382 9% Sales Volume (‘000 tonnes) 10,140 10,843 -7% 5,170 4,971 4% EBITDA
Slide 11: Strategy for Sustainable Growth
Strategy for Sustainable Growth
Slide 12: GAR is Well Positioned to Pursue Sustainable Growth
GAR is Well Positioned to Pursue Sustainable Growth GAR is a leading soil-to-table agribusiness, producing an extensive portfolio of palm-based products with efficient end-to-end supply chain from sustainable sourcing to global delivery Our strategy is built on palm oil competitiveness as an essenti
Slide 13: GAR is Well Positioned to Pursue a Sustainable Growth
GAR is Well Positioned to Pursue a Sustainable Growth We embrace science and technological innovation • Science-based solutions for high-productivity and sustainability- focused precision agriculture • High-yielding, drought-and-disease-resistant planting materials • New end product development prov
Slide 14: Towards Responsible Palm Oil Production
Towards Responsible Palm Oil Production GAR stayed committed despite global pandemic Managing COVID-19 • Employee and community safety remain top priority • Complying with all government regulations wherever we operate • Palm oil sector is strategic sector – all our facilities continued to operate •
Slide 15: Appendix
(Za\ gar 4 agribusiness and food ] Appendix /
Slide 16: 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) 31 December 2020 Nucleus 45,541 34
Slide 17: 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 18: 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