Slide 1: SIPEF 2024 Peer review
SIPEF 2024 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 (2024)
Peer review Own planted Oil Palm Hectares in KHa (2024) SD Guthrie 567 Golden Agri-Resources 418 Felda Global Ventures 325 Kuala Lumpur Kepong 293 Salim Ivomas Pratama 241 Wilmar International 231 Astra Agro Lestari 213 First Resources 179 IOI Corporation 172 Genting Plantations 136 Triputra Agro Pe
Slide 5: Age Profile: Average age planted hectares (2024)
Peer review Age Profile: Average age planted hectares (2024) London Sumatra Indon * 20,0 Salim Ivomas Pratama * 20,0 R.E.A. Holdings 16,8 Astra Agro Lestari 16,5 Eagle High Plantations * 15,9 Golden Agri-Resources 15,0 Sampoerna Agro 15,0 DSNG 14,3 First Resources 14,2 Anglo Eastern Plantations 14,0
Slide 6: FFB Yield – MT/ha (2024)
Peer review FFB Yield – MT/ha (2024) United plantations 28,1 Triputra Agro Persada 23,0 Johor Plantations Group 22,4 R.E.A. Holdings 21,6 MP Evans 20,9 Kuala Lumpur Kepong 20,6 Socfinasia 20,2 DSNG 20,1 SIPEF 19,7 Wilmar International 19,5 First Resources 19,5 Plantation IOI Corporation 19,3 Integra
Slide 7: Extraction rate from FFB to CPO (2024)
Peer review Extraction rate from FFB to CPO (2024) DSNG 23,9% Socfinaf 23,8% Eagle High Plantations 23,6% MP Evans 23,2% Triputra Agro Persada 23,1% SIPEF 22,8% Socfinasia 22,6% R.E.A. Holdings 22,2% Bumitama 22,0% First Resources 21,9% IOI Corporation 21,8% Genting Plantations 21,4% Plantation Kual
Slide 8: CPO Yield – MT/ha (2024)
Peer review CPO Yield – MT/ha (2024) United plantations 5,93 Triputra Agro Persada 5,31 MP Evans 4,85 DSNG 4,80 R.E.A. Holdings 4,80 Socfinasia 4,55 Johor Plantations Group 4,49 SIPEF 4,48 Socfinaf 4,41 Kuala Lumpur Kepong 4,41 First Resources 4,27 Plantation IOI Corporation 4,21 Integrated Bumitama
Slide 9: Market Cap in MUSD (2024)
Peer review Market Cap in MUSD (2024) SD Guthrie 6.909 IOI Corporation 5.318 Kuala Lumpur Kepong 5.095 Golden Agri-Resources 2.580 First Resources 1.669 United plantations 1.505 Genting Plantations 1.124 Felda Global Ventures 1.026 Bumitama 927 Triputra Agro Persada 846 Astra Agro Lestari 772 Planta
Slide 10: Dividend Yields (based on average market cap 2024)
Peer review Dividend Yields (based on average market cap 2024) Socfinasia 32,2% Sampoerna Agro 16,4% Triputra Agro Persada 11,2% Anglo Eastern Plantations 7,6% Bumitama 7,6% London Sumatra Indon 7,0% United plantations 6,9% First Resources 6,8% MP Evans 6,1% Johor Plantations Group 4,8% Genting Plan
Slide 11: Price Earning Ratio (based on average market cap 2024)
Peer review Price Earning Ratio (based on average market cap 2024) Kuala Lumpur Kepong 40,3 IOI Corporation 22,2 Felda Global Ventures 16,9 Genting Plantations 15,8 SD Guthrie 14,5 Astra Agro Lestari 10,7 United plantations 9,6 SIPEF 9,3 DSNG 7,1 Golden Agri-Resources 7,1 First Resources 6,8 Plantat
Slide 12: Net financial position/Equity Ratio (2024)
Peer review Net financial position/Equity Ratio (2024) Eagle High Plantations 178,4% Kuala Lumpur Kepong 61,3% Golden Agri-Resources 60,8% R.E.A. Holdings 55,2% DSNG 45,6% Johor Plantations Group 34,9% Sampoerna Agro 33,5% Felda Global Ventures 31,9% Genting Plantations 23,6% SD Guthrie 22,1% Socfin
Slide 13: Debt to Equity Ratio (2024)
Peer review Debt to Equity Ratio (2024) Eagle High Plantations 180,7% Kuala Lumpur Kepong 77,3% Golden Agri-Resources 68,9% R.E.A. Holdings 68,4% Genting Plantations 59,3% Felda Global Ventures 54,6% Johor Plantations Group 52,8% DSNG 51,2% Sampoerna Agro 47,1% Salim Ivomas Pratama 32,8% IOI Corpora
Slide 14: SPOTT score (2024)
Peer review SPOTT score (2024) United plantations 96,1% SD Guthrie 94,8% R.E.A. Holdings 91,5% DSNG 91,0% MP Evans 88,9% Johor Plantations Group 88,8% SIPEF 88,8% Triputra Agro Persada 84,3% IOI Corporation 84,1% Felda Global Ventures 83,4% Plantation Golden Agri-Resources 82,5% Integrated Sipef Bum
Slide 15: RSPO certified hectares (2024)
Peer review RSPO certified hectares (2024) SD Guthrie 98,3% 610.975 Golden Agri-Resources 47,0% 498.186 Felda Global Ventures 42,2% 403.094 Kuala Lumpur Kepong 83,2% 336.604 Genting Plantations 48,3% 217.420 First Resources 37,4% 213.005 IOI Corporation 95,8% 214.335 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