Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — H1 2020 Earnings Presentation
19 slides from Golden Agri-resources's earnings presentation, Aug 14, 2020
Slide 1: Interim Performance Presentation, Half year ended 30 June 2020
www.goldenagri.com.sg GOLDEN AGRI-RESOURCES LTD Interim Performance Presentation Half year ended 30 June 2020 14 August 2020
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: Contents
Contents 1 Executive Summary 4 2 Financial Highlights 6 3 Segmental Performance 9 4 Strategy and Outlook 13 5 Appendix 17 3
Slide 4: Executive Summary
(Ga) gar gar and food | Executive Summary vA
Slide 5: A gradual recovery from supply chain disruption results in better second quarter performance
Executive Summary A gradual recovery from supply chain disruption results in better second quarter performance EBITDA (US$ million) 1H 2020 vs 1H 2019 150 132 Revenue US$3,391 mn 7% EBITDA US$189 mn 4% 100 Underlying loss1 US$11 mn 26% 97 100 Palm product output 1.22 mn MT 6% CPO FOB price US$616/MT
Slide 6: Financial Highlights
(Ga) gar gar and food | Financial Highlights vA
Slide 7: Financial Performance
Financial Performance US$ million 1H 2020 1H 2019 YoY 2Q 2020 1Q 2020 QoQ Revenue 3,391 3,167 7% 1,734 1,657 5% Gross Profit 389 345 13% 190 198 -4% EBITDA1 189 198 -4% 105 84 24% Underlying Profit/(Loss)2 -11 -15 -26% 14 -25 n.m Net gain/(loss) from changes in fair value of biological assets3 -4 -2
Slide 8: Financial Position
Financial Position US$ million 30-Jun-20 31-Dec-19 Change Total Assets 8,482 8,779 -3% Cash and short-term investments 832 784 6% Fixed assets1 3,636 3,720 -2% Total Liabilities 4,248 4,274 -1% Net Debt2 1,608 1,573 2% Interest bearing debt 3,157 3,144 0.4% Cash, short-term investments and liquid wo
Slide 9: Segmental Performance
(Gal Gar gar and food | Segmental Performance vA
Slide 10: Plantations and Palm Oil Mills: Strong improvement in performance supported by CPO price rebound
Segmental Results Plantations and Palm Oil Mills Strong improvement in performance supported by the rebound in CPO market prices 1H 2020 1H 2019 YoY Revenue (US$ million) 625 574 9% EBITDA (US$ million) 132 97 36% EBITDA margin 21% 17% 4% CPO FOB Price (US$/MT) 616 496 24% FFB Production (‘000 tonne
Slide 11: Oil Palm Plantations: Continued long-term productivity growth through replanting
Oil Palm Plantations Continued long-term productivity growth through replanting and technological innovation Mature Area - ha Planted Area - ha Age Profile as of 30 Jun 2020 499,563 497,587 8% 15% 461,764 458,557 6% 37,799 104,581 104,751 73,744 32,279 101,592 101,757 360,172 356,800 394,982 392,836
Slide 12: Palm, Laurics and Others: Earnings impacted by COVID-19
Segmental Results Palm, Laurics and Others Earnings were impacted by the COVID-19 outbreak with gradual improvement in the second quarter of 2020 1H 2020 1H 2019 YoY Revenue (US$ million) 3,382 3,151 7% Sales Volume (‘000 tonnes) 4,971 5,370 -7% EBITDA (US$ million) 58 100 -42% EBITDA margin 1.7% 3.
Slide 13: Strategy and Outlook
(Ga) gar gar and food | Strategy and Outlook vA
Slide 14: Growth Strategy and Outlook
Growth Strategy and Outlook GAR aims to be at the forefront of the evolving technological trend by intensifying strategic efforts to transform its business and build new competitive edge Accelerated replanting with Expanding biodiesel latest-generation planting facilities to support materials to tra
Slide 15: Indonesia Biodiesel: growing mixture mandate is a major catalyst
Indonesia Biodiesel Indonesia growing biodiesel mixture mandate is a major catalyst to the industry Feedstock Use for Biodiesel in 2020F • Global feedstock for biodiesel is estimated to decrease by an estimated 3% in 2020 to Others 42.9 million MT from 45.7 million in 2019 22% Soya oil 25% • However
Slide 16: Towards Responsible Palm Oil Production
Towards Responsible Palm Oil Production Managing COVID-19 • Employee and community safety are top priority • Complying with all government regulations wherever we operate • Palm oil sector is strategic sector - all our facilities continue to operate • Helping to protect employees and community e.g.
Slide 17: Appendix
'o\ Gar gar and food | Appendix vA
Slide 18: 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 2020 Nucleus 34,810 31,236
Slide 19: Contact information
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 Contact Person: Richard Fung richard@goldenagri.com.sg golden-agri-resources-ltd @GAR_Sinarmas @
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