Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — Investor Presentation (June 2009)
24 slides from Golden Agri-resources's investor presentation, June 2009
Slide 1: Golden Agri-Resources Ltd Company Presentation
Golden Agri-Resources Ltd Company Presentation June 2009 0
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: Presentation of Agenda
Presentation of Agenda SECTION 1 Company Overview 3 SECTION 2 Key Competitive Strengths 6 SECTION 3 1Q 2009 Performance 14 SECTION 4 Growth Strategy 20 2
Slide 4: Company Overview
ea gar ZF Gar and food Section 1 3} COMpany Overview
Slide 5: Overview of GAR
Overview of GAR GAR is listed on SGX since 1999 The largest Indonesian plantation group with integrated operations for the production of palm oil-based and edible fat products Integrated operations in China including a deep sea port, soybean crushing plants, and production of other refined edi
Slide 6: Largest Indonesian Plantation Group with Integrated Operations
Largest Indonesian Plantation Group with Integrated Operations Research & Processed Basic product Processing Development product CPO Refining Branded & unbranded cooking oil Production No of refineries 1,689,982 tons 3 Co-operate with (FY 2008) Capacity Fatty acid CIRAD (France) Plantations & 1,140,
Slide 7: Key Competitive Strengths
Section 2 Key Competitive Strengths 6
Slide 8: Key Competitive Strengths
Key Competitive Strengths GAR is a leader in the high growth palm oil industry in Indonesia Largest Indonesian plantation group with vertically integrated operations Management Sustained growth expertise and unrivalled through expansion in technology platform upstream and underpin high downstream pr
Slide 9: Largest Indonesian Plantation Group with Vertically Integrated Operations
Largest Indonesian Plantation Group with Vertically Integrated Operations Largest plantation group in Indonesia and second largest globally in terms of planted area 1 Malaysia Indonesia 550 89.7% 500 54 450 84.5% 400 ('000 hectares) 350 62 300 77.3% 75.1% 78.8% 250 477 57 64 83.9% 56 93.6% 73.3% 200
Slide 10: Management Expertise Delivers High Production Yields
Management Expertise Delivers High Production Yields GAR is one of the lowest cost producers with industry-leading efficiencies FFB yield per hectare 1 CPO yield per hectare1 & 2 24 5.5 22.42 5.18 22 5.0 20.90 20.68 4.67 (Ton/ha) (Ton/ha) 20.10 4.54 20 4.5 4.39 4.18 18 17.80 4.0 16 3.5 GAR Wilmar As
Slide 11: Unrivalled Technology Platform Enhancing Operational Efficiency
Unrivalled Technology Platform Enhancing Operational Efficiency To monitor and manage its widely spread operations efficiently, GAR utilises a state-of-the-art proprietary information technology system War Room utilises SAP, GIS and Google Palm Products Production and FFB Yield/ha (‘000 Tons) (Ton
Slide 12: Unrivalled Technology Platform Optimising Production Yields and Minimising Cost
Unrivalled Technology Platform Optimising the Production Yields and Minimising Cost Superior fertiliser cost management through operational control and R&D Fertiliser program developed with CIRAD1 Accurate fertiliser plan to minimise risk of pollution Application and dosage based on cost/benef
Slide 13: Continuous Strong Commitment to the Environment
Continuous Strong Commitment to the Environment GAR is committed to environmentally friendly production of CPO Zero burning policy in land clearing Active involvement in the Roundtable on Sustainable Palm Oil (RSPO) and leading role in developing Indonesia National Interpretation of the Principl
Slide 14: Well Established Downstream Business in both Domestic and Export Markets
Well Established Downstream Business in both Domestic and Export Markets Our vertically integrated business model creates flexibility to switch between crude and refined products, facilitates traceability of products and quality control, and capture value across the supply chain Key downstream produ
Slide 15: 1Q 2009 Performance
Section 3 1Q 2009 Performance 14
Slide 16: Production Performance
Production Performance 1Q 2009 fruits and palm product production decreased by 17% owing to weather-related problems FY 2008 1Q 2009 1Q 2008 1Q 2009 vs 1Q 2008 FFB Production (tons) 6,923,503 1,476,770 1,782,897 -17% Nucleus 5,049,810 1,103,547 1,331,714 -17% Plasma 1,873,693 373,222 451,183 -17% FF
Slide 17: Financial Performance
Financial Performance US$ million FY 2008 1Q 2009 1Q 2008 1Q 2009 vs 1Q 2008 Revenue 2,986 412 747 -45% Gross Profit 876 63 265 -76% EBITDA 597 45 202 -78% Interest on borrowings -40 -11 -9 16% Depreciation and amortisation -58 -16 -13 17% Foreign exchange (loss) gain, net -34 -3 5 n.m Net Profit at
Slide 18: Segmental Results
Segmental Results US$ million Indonesia Operations China Operations 1Q09 1Q08 %Change 1Q09 1Q08 %Change Revenue 288 585 -51% 124 163 -24% Gross Profit 56 256 -78% 7 8 -12% Gross Profit Margin 19% 44% -25% 6% 5% 1% EBITDA 40 196 -80% 5 6 -5% EBITDA Margin 14% 33% -19% 4% 4% - Net Profit attributable
Slide 19: Revenue By Product and Geographical Location
Revenue By Product and Geographical Location 1Q 2009 revenue of US$412 million mainly from CPO and refined palm oil based products Revenue - By Product Revenue – By Country Others PK 4% 1% Soybean Oil 7% Indo Local CPO China Local 27% Soybean 37% 30% Meals 14% Branded Products Indo Export 13% Unbran
Slide 20: Financial Position
Financial Position Strong balance sheet with low debt to equity ratio (in US$ million) 31 Mar 09 31 Dec 08 % Change Total Assets 6,793 6,826 -0.5% Cash and Short-Term Investments 138 138 0.4% Receivables and Inventories 702 757 -7.2% Fixed Assets (including Biological Assets) 5,785 5,766 0.3% Total
Slide 21: Growth Strategy
wa gar ZF Gar and food Section 4 2 Growth Strategy
Slide 22: Strategic Priorities
Strategic Priorities Build on core competitive strengths to maximise long-term shareholder returns Expand high-margin • Long-term target additional planted area of 50,000 ha per annum upstream business • Split between green field vs acquisition to be assessed based on opportunities • Increase downst
Slide 23: Growth Strategy for 2009
Growth Strategy for 2009 Expanding Oil Palm Plantations • Target additional planted area of 30,000 ha Æ 4,100 ha achieved in 1Q 2009 • Completing a mill in Kalimantan with annual processing capacity of 200,000 tons • Building two new mills in Kalimantan and a mill in Sumatra with total annual proces
Slide 24: Contact Us
Contact Us If you need further information, please contact: Golden Agri-Resources Ltd c/o 3 Shenton Way #17-03 Shenton House Singapore 068805 Telephone : +65 62207720 Facsimile : +65 62207020 www.goldenagri.com.sg Contact Person : Rafael B. Concepcion, Jr. (rafaelc@goldenagri.com.sg) Suwandy Chen (s
Golden Agri-Resources — Investor Presentation (June 2009) on 6ix