M.p. Evans Group Plc · LSE:MPE
M.p. Evans — H1 2025 Earnings Presentation
23 slides from M.p. Evans's earnings presentation, Sep 15, 2025
Slide 1: 2025 Interim results
A producer of sustainable Indonesian palm oil 2025 Interim results Better crop mix, strong pricing and a balance sheet to support increasing our own hectarage 15 September 2025 1
Slide 2: Agenda
Agenda 1. H1 2025 overview 2. Palm-oil market and pricing 3. Crop, production and sustainable output 4. H1 2025 results 5. REGY strategy deployment 6. H2 2025 outlook 7. Summary 8. Appendices 2
Slide 3: H1 2025 overview
H1 2025 overview Group harvest up 9% to 619,100 tonnes (2024: 566,200), with purchases of independent crop reduced by 39% to 118,600 tonnes (2024: 193,500) Total CPO production down 2% to 172,800 tonnes (2024: 177,000) with OER up to 23.5% CPO mill-gate prices up 13% to US$868 per tonne (2024: US$77
Slide 4: Palm-oil market and pricing
Palm-oil market and pricing 2025 pricing • H1 2025 pricing has increased compared to H1 2024 • Average mill-gate price for Group CPO US$868 per tonne, up by 13% on 2024 • Average cif Rotterdam price of US$1,179 per tonne (2024: US$999) • Pricing has also remained strong in early part of H2 868 41 11
Slide 5: Crop, production and sustainable output
Crop, production and sustainable output 2025 2024 16% 25% 20% 17% 24% 32% 64% 23.5% 58% 23.4% 76% 68% Crop processed CPO produced Crop processed CPO produced Group Scheme smallholders Independent Certified CPO Non-certified CPO • Total crop processed similar to prior year, but with a change in the i
Slide 6: H1 2025 results
H1 2025 results Revenue Group cost per tonne (own crop) H1 2025: H1 2024: H1 2025: H1 2024: US$179.4m US$163.7m US$446 US$458 2025 2024 2025 2024 Labour 39% 37% US$m US$m Fertiliser 11% 15% CPO 143.0 140.0 Depreciation 20% 20% PK 27.5 16.9 Central costs 6% 5% FFB 8.9 6.8 Other 24% 23% • Revenue incr
Slide 7: H1 2025 results: Profitability
H1 2025 results: Profitability 80 30.8 70 1.4 63.4 1.7 62.0 60.9 3.6 60 (12.0) (4.2) 50 42.1 40 30 +50% 20 Gross margin Sales price Purchases price Subtotal Volume Mix Other Subtotal f/x Gross margin 2024 2025 Operating profit Profit for the period +50% +57% US$62.2m US$49.6m 7
Slide 8: H1 2025 results: Cash generation
H1 2025 results: Cash generation 1.4 Other 1.5 interest received Sources 79.2 72.7 Opening cash Cash from operations (US$m) (14.4) (11.7) (10.5) (26.4) 91.1 Uses Tax Debt Capex Dividends Closing cash (US$m) payments (0.7) Interest Capital allocation balancing operational excellence, long-term invest
Slide 9: H1 2025 results: Paying progressive dividends
H1 2025 results: Paying progressive dividends • Interim dividend of 18p per share for 2025, up 20% on prior year • EPS improvement from reduced finance costs and lower minority interest involvement • 35 years of maintaining or increasing dividends, with a continued focus on sustainable dividend grow
Slide 10: REGY strategy deployment
REGY strategy deployment M.P. Evans is a responsible producer of sustainable Indonesian palm oil, striving for excellence in all its operations, with a focus on continuing growth and offering an increasing yield. R Responsibility E Excellence G Growth Y Yield - Increase in certified - Using new - Im
Slide 11: REGY Growth: Recent acquisition
R E G Y Growth: Recent acquisition In July 2025, the Group announced completion of the acquisition of 3,000 l h s E s K l , l s h G u ’s Bu M s s Enlarged Bumi Mas estate now close to 12,000 hectares, providing crop to the G u ’s 60 -per-hour mill The newly acquired land posseses young plantings, ha
Slide 12: REGY Responsibility: A focus on community
R E G Y Responsiblity: A focus on community 1. Sport at Simpang Kiri 2. Bangka clubhouse 3. Vegetable garden at Bangka 4. Bangka clinic 5. Kota Bangun mosque 6. Kota Bangun community shop 12
Slide 13: H2 2025 outlook: current trading
H2 2025 outlook: current trading Crop 8 months ended Increase/ 8 months ended 31 August 2025 (decrease) 31 August 2024 Tonnes % Tonnes Own crops 639,400 8 593,900 Scheme-smallholder crops 189,400 11 170,900 Independent crops purchased 162,200 (38) 263,500 991,000 (4) 1,028,300 Price • YTD average te
Slide 14: Summary
Summary Group managed crops, extraction rate and pricing all up in H1 2025 compared to the previous year Strong profitability, leading to EPS of 71.7p for H1 and 20% increase in interim dividend to 18p per share Net cash surplus at 30 June 2025 of $70.5m Purchase in July 2025 of 3,000 planted hectar
Slide 15: Appendices
Appendices 1. The Group: who we are 2. Vegetable-oil market 3. Palm oil in context 4. Summary operational information 5. Summary financial information 6. Oil palm life cycle 7. Investment case 15
Slide 16: 1. The Group: who we are
1. The Group: who we are M.P. Evans (LSE: MPE) is a long-term producer of sustainable palm 70,000 hectares of planted oil palm oil, operating in Indonesia, with a significant track record of growth, With six processing mills taking the Group underpinning 35 years of progressive dividends. further up
Slide 17: 2. Vegetable-oil market
2. Vegetable-oil market Main producers of palm oil 2024 • Palm oil is a vegetable oil, with an increasing share of growing worldwide demand for vegetable oil Indonesia 57% Malaysia 24% • Since 1990, demand for vegetable oil has grown at an average of 4% per annum • Global palm-oil production in 2024
Slide 18: 3. Palm oil in context
3. Palm oil in context Vegetable-oil production • Palm oil life cycle lasts approximately 25 years and starts to yield after 30 months • Plantations are harvested 6 days a week, for 52 weeks of the year • Ex ly l us , u g l s 40% w l ’s v g bl oil from less than 8% of the area devoted to vegetable-o
Slide 19: 4. Summary operational information
4. Summary operational information H1 2025 Increase/ H1 2024 Tonnes (decrease) Tonnes ‘000 % ‘000 CROP Own crops 474 8 438 Scheme-smallholder crops 145 13 128 Independent crops purchased 119 (39) 194 738 (3) 760 CPO PRODUCTION Group mills 164 (3) 169 Third-party mills 9 12 8 173 (2) 177 19
Slide 20: 5. Summary financial information
5. Summary financial information H1 2025 H1 2024 Revenue US$m 179.4 163.7 Gross profit US$m 63.4 42.1 Gross margin % 35 26 Profit for the period US$m 49.6 31.7 Sustainability premium income US$m 2.8 3.0 Group cost per tonne US$ 446 458 Total cost per tonne US$ 553 529 Earnings per share pence 71.7 4
Slide 21: 6. Oil palm life cycle
6. Oil palm life cycle As at end December 2024, M.P. Ev s’ v g age of planting was 10.5 years. Yield: 25 tonnes Yield: 20 tonnes Plant begins to yield approximately 30 months post Yield: 15 tonnes planting. Yield: 10 tonnes Plant will continue to yield beyond 25 years. However, harvesting represents
Slide 22: 7. Investment case
7. Investment case • Established track record of delivering growth and financial returns (tonnes millions) 2.0 • Long-term sustainable approach underpinned by operational excellence and strong balance sheet • Maturing average palm age supported by continued 1.6 new planting, laying a foundation for
Slide 23: Thank you
A producer of sustainable Indonesian palm oil Thank you