Genting Plantations Bhd. · MYX:GENP

Genting Plantations Bhd — Shareholder Meeting (June 2020)

24 slides from Genting Plantations Bhd's shareholder meeting presentation, Jun 19, 2020

1. Slide 1: Annual General Meeting 19 June 2020

   Annual General Meeting 19 June 2020 1 Copyright © 2020 Genting Plantations Berhad 197701003946 (34993-X). All Rights Reserved.

2. Slide 2: Group 2019 revenue registered 19% growth

   Group 2019 revenue registered 19% growth Lower PBT reflective of weaker palm products prices Financial Performance Revenue PBT Revenue 1. Higher sales volume of 350 3,000 Downstream products; 300 2. 5% growth in FFB 2,500 production 250 Others RM in millions 2,000 RM in millions 200 Downstream manuf

3. Slide 3: Lower palm products prices from negative market dynamics

   Lower palm products prices from negative market dynamics Favourable POGO spread and expanding market reach boosted demand for Downstream products Plantation Downstream - Capacity utilisation FFB production Average selling price 100% 2,500 75% 2,500 50% 25% 2,000 2,000 0% Biodiesel Refinery 1,500 201

4. Slide 4: Plantation

   @ GENTING PLANTATIONS

5. Slide 5: Replanting in Malaysia to sustain favourable age profile

   Replanting in Malaysia to sustain favourable age profile 2019 planted area Replanted areas (ha) 6,000 Immature 22% 5,000 8,000 ha 4,000 159,183ha 3,000 2,000 Mature 78% 1,000 - 2017 2018 2019 Average palm age: 11.5 years 5

6. Slide 6: Malaysian replanting programme

   Malaysian replanting programme Projected replanting areas 6,000 8,000 ha 18,400 ha 5,000 Average age: 16 years Replanting area (ha) 4,000 3,000 2,000 Projected age: 11 years 1,000 - 2017 2018 2019 2020 2021 2022 2023 2024 Replanting photos in Sabah 6

7. Slide 7: Increasing milling capacity in Indonesia

   Increasing milling capacity in Indonesia 2020 Cemerlang: 60 tph 2019 Others: 35 tph 30 tph 380 tph ≈2.1 million mt p.a* 285 tph Cemerlang Oil Mill – the 5th oil mill in ≈1.5 million mt p.a* Indonesia, expected to be completed in 2018 second half of 2020 255 tph Note: tph denotes metric tonnes per ho

8. Slide 8: Continuous adoption of latest technologies to improve efficiency

   Continuous adoption of latest technologies to improve efficiency Genting Plantations Mapping System A cloud based platform to digitalise our land ownership and documentation GPMS Usage of drones Mapping, palm Facial Recognition counting and Attendance Device assessment of floods Drone Biometrics Imp

9. Slide 9: Sustainability

   Sustainability MARKETPLACE WORKPLACE COMMUNITY ENVIRONMENT 8% ↓ in Work 10 Humana Schools 12% of landbank set 32% certified^ Related Injury & 6 CLCs & 4 SJK(T) aside for conservation Rate compared (29,213 ha) to 2018 100% certified* 15,854 ha allocated for 13% ↓ in GHG plasma scheme emissions compar

10. Slide 10: Property

    Property 10

11. Slide 11: Improved sales and profit; inventories reduced by 42%

    Improved sales and profit Inventories reduced by 42% Property sales breakdown Genting Indahpura Raintree Residences Phase 2 New Double-Storey Link Bungalows launches, (Feb’19) WIP, 33% 20% Price: RM1.15m RM154m Sales status: 100% Inventories, Double-Storey Cluster Homes 47% Inventories (Feb’19) 80 P

12. Slide 12: New launches in 2020 aligned to broader market demand

    New launches in 2020 aligned to broader market demand amidst challenging property landscape Genting Indahpura Aug’20 Aug’20 Oct’20 RMBJ Townhouses Kensington 2 – Double- Ledang Homes – Double RM150,000 Storey Terrace Storey Terrace RM543,000 RM512,000 12

13. Slide 13: Improved performances from Premium Outlets with additional leasable area in Johor

    Improved performances from Premium Outlets® with additional 45,000 sf leasable area in Johor Johor Premium Outlets ® Share of JV profit 60 GLA: 310,000 sq ft No. of stores: 150 50 No. of visitors: >4 40 RM in millions million 53% 30 7% 58% Genting Highlands 20 Premium Outlets ® 10 47% GLA: 280,000 s

14. Slide 14: Addition of new premium brands

    Addition of new premium brands New stores added Johor Premium Outlets ® Upcoming Genting Highlands brands Premium Outlets ® Fendi Valentino Burberry Longchamp 14

15. Slide 15: Downstream Manufacturing

    Downstream Manufacturing 15

16. Slide 16: Effective marketing channel boosts sales for Genting MusimMas Refinery

    Effective marketing channel boosts sales for Genting MusimMas Refinery Sdn Bhd (“GMMR”) Higher Higher Wider • Capacity Capacity offtake from customer utilisation - Utilisation & biodiesel base for 79% Sales operation refinery • Sales 45% Improvement activities + First refinery in Sabah using LNG gas

17. Slide 17: Biodiesel operations captures higher demand for discretionary and local mandated blending

    Biodiesel operations captures higher demand for discretionary and local mandated blending Two-fold in revenue (vs 2018) Improvement initiatives Export POIC Lahad Datu • Favourable POGO spread for 9 Port months of 2019 Methanol import - Recently gazetted as via POIC Port a public port; and Local - ap

18. Slide 18: Biotechnology

    Biotechnology

19. Slide 19: Higher Yields from In-house Marker-Driven Planting Materials

    Higher Yields from In-house Marker-Driven Planting Materials Continuous development of On-going Encouraging Seed intellectual data yield production property collection increment facility • Established high • Encouraging early • Obtained seed • Collaborative throughput yield production licence partne

20. Slide 20: Enhancing Plant Health through Sustainable Microbial Solutions

    Enhancing Plant Health through Sustainable Microbial Solutions Taller Microbial based Quality Vigorous biofertiliser Assurance growth formulations 25% Expand reduction of production inorganic 25% capacity Wider girth fertilizer input Denser root mass On-going field Positive data collection yield res

21. Slide 21: COVID-19 – Impact on our operations and businesses

    COVID-19 – Impact on our operations and businesses Division Operations Businesses Plantation Peninsular Malaysia – allowed to operate CPO prices declined from during MCO RM3,000/mt in early January 2020 to RM2,400/mt currently after touching Sabah – 9 estates and 3 oil mills in a low of RM2,000/mt.

22. Slide 22: COVID-19 – Impact on our operations and businesses (Cont'd)

    COVID-19 – Impact on our operations and businesses (Cont’d) Division Operations Businesses Property Sales offices were closed and site operations Cautious sentiment due to soft were stopped during the MCO economic outlook will affect demand Both Premium Outlets® centres were closed Lifting of inters

23. Slide 23: 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 (

24. Slide 24: Pre-submitted questions from the shareholders

    PRE-SUBMITTED QUESTIONS FROM THE SHAREHOLDERS We have received questions from shareholders pertaining to requests for vouchers for attending the AGM. Kindly be informed that since this meeting is being conducted on a fully virtual basis, there will be no distribution of door gifts or food vouchers f

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