Golden Agri-resources Ltd · SGX:E5H

Golden Agri-resources — Q1 2016 Earnings Presentation

21 slides from Golden Agri-resources's earnings presentation, May 13, 2016

  1. Slide 1: Interim Performance Presentation YTD Mar 2016

    Golden Agri-Resources Ltd Interim Performance Presentation YTD Mar 2016 : three-month period ended 31st March 2016 13 May 2016

  2. 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

  3. Slide 3: Contents

    Contents 1 Executive Summary 4 2 Financial Highlights 6 3 Segmental Performance 9 4 Strategy and Outlook 15 5 Appendix 19 slide 3

  4. Slide 4: Executive Summary

    ; lay Executive Summary 5] Sar agribusiness and food

  5. Slide 5: Executive Summary

    Executive Summary Resilient results as integrated business model reduced impact from lower CPO prices EBITDA1 (US$ million) 120 108 1Q 2016 vs 1Q 2015 results 100 76 Revenue US$1,494 mn 4% 80 62 EBITDA1 US$142 mn 11% Core Net Profit2 US$40 mn 65% 40 Palm product output 554,000 MT 13% 28 22 CPO FOB p

  6. Slide 6: Financial Highlights

    Financial Highlights slide 6

  7. Slide 7: Consolidated Financial Performance

    Consolidated Financial Performance US$ million 1Q 2016 1Q 2015 YoY 4Q 2015 QoQ Revenue 1,494 1,553 -4% 1,552 -4% Gross Profit1 262 204 29% 269 -3% EBITDA2 142 128 11% 140 1% Core Net Profit1,3 40 24 65% 23 77% Addition:  Net gain/(loss) from changes in fair value of biological assets, net of tax an

  8. Slide 8: Financial Position

    Financial Position Gearing remains prudent after the adoption of amended IAS 16 and IAS 41 starting 2016 (in US$ million) 31-Mar-16 31-Dec-151 Change Total Assets 8,045 8,036 0.1% Cash and short-term investments 449 502 -10.7% Fixed Assets2 4,039 4,071 -0.8% Total Liabilities 4,199 4,286 -2.0% Adjus

  9. Slide 9: Segmental Performance

    Segmental Performance slide 9

  10. Slide 10: Segmental Results – Plantation and Palm Oil Mills

    Segmental Results – Plantation and Palm Oil Mills 1Q 2016 EBITDA margin was weaker with decreased plantation output and softer average CPO market prices 1Q 2016 1Q 2015 YoY 4Q 2015 QoQ Revenue (US$ million) 304 341 -11% 371 -18% EBITDA1 (US$ million) 76 100 -24% 108 -30% EBITDA1 margin 25% 29% -4% 2

  11. Slide 11: Plantation Area

    Plantation Area GAR’s oil palm plantations continue to be leading in scale and operational excellence Mature Area - ha Planted Area - ha Age Profile as of 31 Mar 2016 470,097 485,396 485,606 6% 3% 460,336 101,265 101,219 9% 98,119 97,368 32,312 15,299 42,174 371,978 362,968 384,131 384,387 39% 207,5

  12. Slide 12: Segmental Results – Palm and Laurics

    Segmental Results – Palm and Laurics Focus on bottom line resulted in substantial growth of downstream EBITDA 1Q 2016 1Q 2015 YoY 4Q 2015 QoQ Revenue (US$ million) 1,262 1,401 -10% 1,169 8% Sales Volume (‘000 tonnes) 2,094 2,033 3% 2,300 -9% EBITDA1 (US$ million) 62 22 179% 28 125% EBITDA1 margin 4.

  13. Slide 13: Strong Position Across the Downstream Value Chain

    Strong Position Across the Downstream Value Chain Sourcing of Product Sales and raw materials Processing customisation distribution Over 2 million A new biodiesel plant is Sales of palm based Destination sales tonnes of palm completed with capacity refined products contribute 72% to our based produc

  14. Slide 14: Segmental Results – Oilseeds and Others

    Segmental Results – Oilseeds and Others Positive contribution from oilseeds segment with improved business environment 1Q 2016 1Q 2015 YoY 4Q 2015 QoQ Oilseeds Revenue (US$ million) 176 134 31% 176 0% Sales Volume (‘000 tonnes) 366 250 47% 350 5% EBITDA1 (US$ million) 4 2 81% 3 25% EBITDA1 margin 2.

  15. Slide 15: Strategy and Outlook

    Strategy and Outlook slide 15

  16. Slide 16: Strategic Priorities

    Strategic Priorities Build on core competitive strengths and leverage scale to maximize long- term shareholder returns To strengthen our position as the world’s leading palm oil plantation company Operational Yield Cost Efficiency – Excellence – best-in-class Improvement – mechanisation Be the best,

  17. Slide 17: Growth Strategy and Outlook

    Growth Strategy and Outlook Capitalising on the robust fundamentals of the industry, GAR continues to enhance its integrated operation capabilities to optimise profit opportunities across the value chain Upstream • Focusing on replanting with higher-yielding seeds to sustain production growth • Cont

  18. Slide 18: Towards Sustainable Palm Oil Production

    Towards Sustainable Palm Oil Production As a leading palm oil company, we continue to strengthen our sustainability implementation Fully traceable palm oil by 2020 - End 2015, GAR achieved 100% traceability to mill – mapped 489 individual mills - Next step: GAR will map supply chain to the plantatio

  19. Slide 19: Appendix

    gar agribusiness and food

  20. Slide 20: Age Profile

    Age Profile The average age of GAR’s plantations is 16 years, securing the long-term growth of its production Immature Young Prime 1 Prime 2 Old Total (in hectares) (0-3 years) (4-6 years) (7-18 years) (19-25 years) (>25 years) 31 March 2016 Nucleus 12,153 36,392 177,542 132,323 25,721 384,131 Plasm

  21. Slide 21: Contact Us

    Contact Us If you need further information, please contact: Golden Agri-Resources Ltd c/o 108 Pasir Panjang Road #06-00 Golden Agri Plaza Singapore 118535 Telephone : +65 65900800 Facsimile : +65 65900887 www.goldenagri.com.sg Contact Person : Richard Fung richard@goldenagri.com.sg slide 21

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