Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Global Palm Resources Holdings — Q1 2016 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, May 2016

  1. Slide 1: Global Palm Resources Holdings Limited 1Q/FY2016 Results

    Global Palm Resources Holdings Limited 1Q/ FY2016 Results May 2016

  2. Slide 2: A palm oil producer in Indonesia

    A palm oil producer in Indonesia Office Office Plantation and mill Office Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia Process FFB harvested from Nucleus; Crude Palm Oil (CPO) purchased from Plasma farmers and Customers: Indonesian palm oil As at 31 March 201

  3. Slide 3: Salient Highlights for 1Q2016

    Salient Highlights for 1Q2016 Financial performance • EBITDA at loss of Rp1.8 billion • Revenue decreased 3% to Rp86.1 billion: – CPO sales revenue increased 1% to Rp80.1 billion mainly due to higher CPO sales volume – PK sales revenue decreased 36% to Rp6.0 billion mainly due to lower PK average se

  4. Slide 4: P&L Highlights

    P&L Highlights Indonesian Rupiah (Billions) 1Q2016 1Q2015 Var % Revenue 86.1 88.7 (3) Gross profit (GP) 10.8 25.4 (58) Profit /(Loss)before tax (1.4) 15.2 (n.m) Net Profit /(Loss)for the period (2.6) 12.7 (n.m) Profit/(Loss)attributable to (2.5) 12.1 (nm) shareholders EBITDA (1.8) 15.7 (68) GP margi

  5. Slide 5: Segment Review

    Segment Review 1Q2016 1Q2015 Var % Sales volume (tons) CPO 12,860 10,205 26 Palm kernels 2,009 2,000 n.m Ave. Selling Price (Rp/kg) CPO 6,230 7,780 (20) Palm kernels 2,983 4,668 (36) Revenue (Rp’ billion) CPO 80.1 79.4 1 Palm kernels 6.0 9.3 (35) 5

  6. Slide 6: Balance Sheet Highlights

    Balance Sheet Highlights Indonesian Rupiah (Billions) 31 Mar 16 31 Dec 15 Var (%) Total assets 1,046.7 1,036.1 (1.0) Total liabilities (158.0) (145.5) +8.6 Current ratio (times) 8.6 11.5 (25.2) Net Gearing (%) - - - 6

  7. Slide 7: Cash Flow Statement Highlights

    Cash Flow Statement Highlights Indonesian Rupiah (Billions) 1Q2016 IQ2015 Net cash from/(used) in operating activities 31.2 (15.4) Net cash used in investing activities (6.0) (8.5) Net cash used in financing activities (3.1) (1.6) Cash on hand and in banks at the beginning of the period 319.5 412.7

  8. Slide 8: Production Highlights

    Production Highlights

  9. Slide 9: Production Output

    Production Output FFB produced ('000 tons) – Nucleus only 154.2 146.7 138.6 42.7 33.1 41.9 40.3 38.9 32.8 39.7 36.3 37.9 28.4 31.6 35.9 30.3 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015 1Q16 FFB yield (tons/ha) - Nucleus only 15.2 15.6 15.8 4.2 4.7 4.6 4.5 3.9 4.0 3.9 4

  10. Slide 10: Production Statistics

    Production Statistics Production Output (Tons) 1Q2016 1Q2015 Var % CPO 10,657 10,504 1 Palm kernels 1,997 2,124 (6) 1Q2016 1Q2015 1,444 tons 1,202 tons FFB purchased from 3rd FFB purchased from 3rd party party 15,822 tons 17,820 tons FFB purchased from Plasma FFB purchased from Plasma 30,294 tons 32

  11. Slide 11: Plantation Statistics

    Plantation Statistics

  12. Slide 12: Plantation statistics

    Plantation statistics 1Q2016 % of total 1Q2015 % of total Total Planted Area (ha) 13,667 100% 13,667 100% Mature 13,380 97.9% 13,512 98.9% Immature 287 2.1% 155 1.1% • Total land bank 16,079 ha • 2,412 ha available for future cultivation 12

  13. Slide 13: Age Profile @ 31 March 2016

    Age Profile @ 31 March 2016 Area cultivated First 3 years 4 - 6 years 7 - 18 years Above 18 years Total (Immature) (Mature) (Prime) Nucleus (ha) 287 1,346 1,581 6,099 9,313 Plasma (ha) 0 630 2,946 778 4,354 Total (ha) 287 1,976 4,527 6,877 13,667 % of cultivated area 2.1% 14.5% 33.1% 50.3% 100.0% Pl

  14. Slide 14: Industry Outlook and Business Strategies

    Industry Outlook and Business Strategies 14

  15. Slide 15: Average Selling Prices (Rp/Kg)

    Average Selling Prices (Rp/Kg) CPO Palm kernels 7,636 7,780 8,472 7,879 6,451 8,496 7,194 8,070 6,353 6,230 7,057 5,819 5,243 4,668 3,849 5,509 4,847 4,618 2,872 2,983 2,823 2,425 2,494 3,446 2,661 2,262 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 • We expect CPO prices to be vo

  16. Slide 16: Strategies And Future Plans

    Strategies And Future Plans Expansion Optimisation Develop uncultivated land bank Co-Composting plant • Land location permit obtained for 7,170 ha • Yielding cost savings from use of organic compost of land in East Kalimantan fertilisers from our plantation’s EFB and POME • Land location permit obta

  17. Slide 17: Thank you Q & A session

    Thank you Q & A session

Global Palm Resources Holdings — Q1 2016 Earnings Presentation on 6ix