Slide 1: SIPEF 2023 Peer review
SIPEF 2023 Peer review The Connection to the world of Sustainable Tropical Agriculture 1
Slide 2: Disclaimer
Peer review Disclaimer The information contained in this section is provided for your general information only and is not designed nor intended to offer anything more than information only. The information with respect to the companies included in the Peer Review was retrieved from publicly availabl
Slide 3: Principle assumptions
Peer review Principle assumptions • Benchmark of main industrial competitors • Age profile based on own ageing interpretation • Market capitalization is calculated based on the average exchange rate & average share price of the year unless stated differently • Benchmark based on own CPO productions
Slide 4: Own planted Oil Palm Hectares in KHa (2023)
Peer review Own planted Oil Palm Hectares in KHa (2023) SD Guthrie 568 Golden Agri-Resources 415 Felda Global Ventures 334 Kuala Lumpur Kepong 287 Salim Ivomas Pratama 244 Wilmar International 230 Astra Agro Lestari 213 First Resources 178 IOI Corporation 174 Genting Plantations 137 Triputra Agro Pe
Slide 5: Age Profile: Average age planted hectares (2023)
Peer review Age Profile: Average age planted hectares (2023) London Sumatra Indon 19,0 Salim Ivomas Pratama 19,0 R.E.A. Holdings 18,0 Astra Agro Lestari 16,2 Golden Agri-Resources 16,0 Sampoerna Agro 15,0 Eagle High Plantations 14,9 Anglo Eastern Plantations 14,0 IOI Corporation 14,0 First Resources
Slide 6: FFB Yield – MT/ha (2023)
Peer review FFB Yield – MT/ha (2023) United plantations 28,0 Triputra Agro Persada 23,6 MP Evans 23,3 R.E.A. Holdings 22,4 Socfinasia 22,2 DSNG 21,2 SIPEF 21,1 Wilmar International 21,0 Bumitama 20,6 Kuala Lumpur Kepong 20,5 Johor Plantations Group 20,3 Anglo Eastern Plantations 20,2 Plantation Gold
Slide 7: Extraction rate from FFB to CPO (2023)
Peer review Extraction rate from FFB to CPO (2023) SIPEF 23,5% MP Evans 23,4% Triputra Agro Persada 23,3% DSNG 23,2% Socfinaf 23,1% Socfinasia 23,1% Eagle High Plantations 23,0% First Resources 22,7% Bumitama 22,7% R.E.A. Holdings 22,1% United plantations 21,8% Genting Plantations Plantation 21,6% L
Slide 8: CPO Yield – MT/ha (2023)
Peer review CPO Yield – MT/ha (2023) United plantations 6,11 Triputra Agro Persada 5,50 MP Evans 5,45 Socfinasia 5,12 R.E.A. Holdings 4,95 SIPEF 4,95 DSNG 4,91 Bumitama 4,68 Kuala Lumpur Kepong 4,36 Anglo Eastern Plantations 4,21 Wilmar International 4,18 Plantation First Resources 4,18 Integrated G
Slide 9: Market Cap in MUSD (2023)
Peer review Market Cap in MUSD (2023) SD Guthrie 6.606 IOI Corporation 5.610 Kuala Lumpur Kepong 5.363 Golden Agri-Resources 2.468 First Resources 1.738 United plantations 1.471 Genting Plantations 1.138 Felda Global Ventures 1.114 Astra Agro Lestari 966 Triputra Agro Persada 763 Bumitama 753 Planta
Slide 10: Dividend Yields (based on average market cap 2023)
Peer review Dividend Yields (based on average market cap 2023) Socfinasia 26,0% Triputra Agro Persada 15,6% United plantations 11,7% Bumitama 11,7% Sampoerna Agro 5,9% MP Evans 5,8% First Resources 4,2% Anglo Eastern Plantations 4,0% London Sumatra Indon 3,9% Genting Plantations 3,6% DSNG 3,6% Plant
Slide 11: Price Earning Ratio (based on average market cap 2023)
Peer review Price Earning Ratio (based on average market cap 2023) Felda Global Ventures 50,0 Kuala Lumpur Kepong 28,0 IOI Corporation 21,7 Genting Plantations 20,5 SD Guthrie 16,2 Astra Agro Lestari 13,9 Golden Agri-Resources 12,5 First Resources 12,0 Eagle High Plantations 10,3 MP Evans 9,8 Planta
Slide 12: Net financial position/Equity Ratio (2023)
Peer review Net financial position/Equity Ratio (2023) Eagle High Plantations 231,8% R.E.A. Holdings 78,6% Johor Plantations Group 65,1% DSNG 53,1% Golden Agri-Resources 48,7% Kuala Lumpur Kepong 46,9% Sampoerna Agro 42,0% Socfinaf 33,4% Felda Global Ventures 30,2% SD Guthrie 22,9% Genting Plantatio
Slide 13: Debt to Equity Ratio (2023)
Peer review Debt to Equity Ratio (2023) Eagle High Plantations 233,1% R.E.A. Holdings 84,7% Johor Plantations Group 72,5% Kuala Lumpur Kepong 62,4% Golden Agri-Resources 59,2% DSNG 57,5% Sampoerna Agro 51,7% Felda Global Ventures 50,3% Socfinaf 41,9% Genting Plantations 38,6% Salim Ivomas Pratama 36
Slide 14: SPOTT score (2023)
Peer review SPOTT score (2023) United plantations 94,7% SD Guthrie 92,9% DSNG 89,9% SIPEF 88,4% R.E.A. Holdings 88,2% MP Evans 86,2% IOI Corporation 84,9% Triputra Agro Persada 81,9% Johor Plantations Group 81,7% Golden Agri-Resources 81,2% Plantation Bumitama 81,1% Integrated Genting Plantations 77
Slide 15: RSPO certified hectares (2023)
Peer review RSPO certified hectares (2023) SD Guthrie 97,8% 613.719 Golden Agri-Resources 54,0% 495.906 Felda Global Ventures 39,8% 429.309 Kuala Lumpur Kepong 80,7% 337.637 Genting Plantations 41,8% 220.711 First Resources 29,8% 212.322 IOI Corporation 98,6% 195.327 Socfin group 63,5% 185.449 Bumit
Slide 16: The Connection to the world of Sustainable Tropical Agriculture
The Connection to the world of Sustainable Tropical Agriculture 16