Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — H1 2024 Earnings Presentation
16 slides from Golden Agri-Resources's earnings presentation, Aug 13, 2024
Slide 1: Interim Performance Presentation - Half Year 2024 Performance
www.goldenagri.com.sg Golden Agri-Resources Ltd Interim Performance Presentation - Half Year 2024 Performance 13 August 2024
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 Resilient first half 2024 consolidated results with strong downstream contribution Segmental EBITDA US$ million 807 288 Revenue EBITDA Underlying Profit1 523 495 US$5.14 bn US$495 mn US$189 mn Supply growth remains limited 478 with aging 158 +5% -14% plantations and replanting acti
Slide 4: Financial Highlights
(ai gar gar. and food | Financial Highlights vA
Slide 5: Financial Performance
Financial Performance Robust first half 2024 performance throughout the value chain despite lower CPO price and plantation output US$ million 1H 2024 1H 2023 YoY 2Q 2024 1Q 2024 QoQ Revenue 5,142 4,876 5% 2,580 2,562 1% Gross Profit 920 882 4% 493 427 15% EBITDA 495 478 4% 263 231 14% Underlying Pro
Slide 6: Financial Position
Financial Position Financial position remained healthy supported by prudent financial management US$ million 30-Jun-24 31-Dec-23 Change Total Assets 9,934 9,716 2% Cash and short-term investments 1,011 1,135 -11% Fixed assets1 3,803 3,817 -0.4% Total Liabilities 4,721 4,537 4% Net Debt2 529 391 35%
Slide 7: Segmental Performance
(ai gar gar. and food | Segmental Performance vA
Slide 8: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills 1H 2024 1H 2023 YoY Revenue (US$ million) 908 917 -1% EBITDA (US$ million) 213 219 -3% • Weaker palm product output in the first half 2024 as fruit production EBITDA margin 23.4% 23.9% -0.5% was impacted by the El Niño CPO FOB Market Price (US$/MT) 91
Slide 9: Oil Palm Plantations
Oil Palm Plantations Technological innovation and replanting with higher yielding seeds ensure long-term productivity growth Age Profile (ha) 8% Mature Area (ha) Planted Area (ha) 25% 43,053 9% 533,821 532,176 490,768 486,834 48,954 133,226 115,821 116,247 107,879 109,235 382,889 377,599 418,000 415
Slide 10: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Downstream business continued to contribute strongly to consolidated EBITDA 1H 2024 1H 2023 YoY • In the past few years, we have been Revenue (US$ million) 5,093 4,834 5% enhancing our integrated business model and pursuing higher value- Sales Volume (‘000
Slide 11: Strategy and Outlook
(ai gar gar. and food | Strategy and Outlook vA
Slide 12: Business Strategy and Outlook
Business Strategy and Outlook Strategic Focus Fortifying our position as an innovative and leading integrated agribusiness and food player, with a superior at-scale upstream and Industry Outlook: Tight resilient value-adding downstream businesses Supply and Demand Position Cost Value Added Supply gr
Slide 13: Ongoing Sustainability Initiatives
Ongoing Sustainability Initiatives EU Deforestation Regulation (EUDR) Preparedness Extending Traceability to non-palm commodities • Strong foundation for compliance through our investments • Achieved full traceability to the mill (TTM) for non- in traceability to the plantations, satellite monitorin
Slide 14: Appendix
a CL — | Appendix vA
Slide 15: Plantation Age Profile
Plantation Age Profile Immature and younger estates use newer-generation higher-yielding planting materials to sustain long-term productivity 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 2024 Nucleus 35,111 45,061 200,988 61
Slide 16: 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 investor@goldenagri.com.sg Golden Agri-Resources @GA
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