Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — H1 2022 Earnings Presentation
17 slides from Golden Agri-Resources's earnings presentation, Aug 12, 2022
Slide 1: Golden Agri-Resources Ltd (GAR) Interim Performance Presentation
www.goldenagri.com.sg Golden Agri-Resources Ltd (GAR) Interim Performance Presentation - Half year ended 30 June 2022 12 August 2022
Slide 2: 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 3: Executive Summary
Executive Summary GAR continued its robust performance in first half 2022 amidst industry volatility Segmental EBITDA (US$ million) 807 1H 2022 Financial Performance Revenue EBITDA Underlying Profit1 Interim Dividend 288 523 US$5.49 bn US$807 mn US$407 mn S$0.8 cents +23% +54% +65% +52% 158 520 Cont
Slide 4: Financial Highlights
Ck | Financial Highlights WA
Slide 5: Financial Performance
Financial Performance US$ million 1H 2022 1H 2021 YoY 2Q 2022 1Q 2022 QoQ Revenue 5,490 4,454 23% 2,790 2,700 3% Gross Profit 1,369 1,061 29% 697 673 4% EBITDA1 807 523 54% 435 372 17% Underlying Profit2 407 246 65% 234 173 36% Net gain/(loss) from changes in fair value of biological assets3 -5 2 n.
Slide 6: Financial Position
Financial Position Strengthened financial ratios and liquidity position despite higher working capital requirements US$ million 30-Jun-22 31-Dec-21 Change Total Assets 10,337 9,608 8% Cash and short-term investments 883 666 33% Fixed assets1 3,910 3,999 -2% Total Liabilities 5,156 4,716 9% Net Debt2
Slide 7: Interim Dividend
Interim Dividend Considering GAR’s robust performance during first half 2022, the Board declares interim dividend of 0.80 Singapore cents per share 2021 Interim Cash Dividend Interim Final Total 2022 Dividend per share (in S$ cents) 0.528 1.077 1.605 0.800 Total Dividend (in S$ million) 67.01 136.69
Slide 8: Segmental Performance
Ck | Segmental Performance WA
Slide 9: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills Expanded EBITDA supported by stronger CPO prices despite seasonally lower production 1H 2022 1H 2021 YoY Revenue (US$ million) 1,249 1,043 20% EBITDA (US$ million) 520 365 43% EBITDA margin 42% 35% 7% CPO FOB Market Price (US$/MT) 1,595 1,088 47% Net
Slide 10: Oil Palm Plantations
Oil Palm Plantations Long-term productivity growth through replanting and technological innovation Mature Area (in ha) Planted Area (in ha) Age Profile as of 30 June 2022 537,720 536,013 23% 6% 508,410 485,290 29,310 10% 114,928 113,980 107,923 106,280 53,435 126,157 400,487 379,010 422,792 422,033
Slide 11: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Record downstream contribution in the first half 2022 despite lower sales volume 1H 2022 1H 2021 YoY Revenue (US$ million) 5,467 4,433 23% Sales Volume (‘000 tonnes) 4,193 4,778 -12% EBITDA (US$ million) 288 158 82% EBITDA margin 5.3% 3.6% 1.7% • Enhanced d
Slide 12: Strategy and Outlook
Ck | Strategy and Outlook WA
Slide 13: Strategy and Outlook
Strategy and Outlook Strategic Focus • Continue to develop capability in serving growing global demand of health- friendly and sustainably-produced products, leveraging the strengths as a leading technology-driven soil-to-table agribusiness • Capital expenditure targeted at US$175-200 million in 202
Slide 14: Towards Responsible Palm Oil Production
Towards Responsible Palm Oil Production Strengthening carbon reporting and climate action Strengthening carbon reporting and climate action • GAR is reporting Scope 1 and Scope 2 emissions for all operations • Working on Scope 3 emission data collection • GAR is reporting Scope 1 and Scope 2 emissio
Slide 15: Appendix
Ck | Appendix WA
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) 30 June 2022 Nucleus 22,305 49,721
Slide 17: 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
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