M.p. Evans Group Plc · LSE:MPE
M.p. Evans — H1 2026 Earnings Presentation
27 slides from M.p. Evans's earnings presentation, Sep 14, 2026
Slide 1: Interim Results
2026 Interim Results Deploying strategy, delivering results 14 September 2026 1
Slide 2: Agenda
Agenda H1 2026 overview 01 Crop, production and sustainable output 02 Palm-oil market and pricing 03 H1 2026 results 04 Strategy in action 05 H2 2026 outlook 06 Summary 07 Appendices 08 M.P. EVANS GROUP PLC | Deploying strategy, delivering results 2
Slide 3: H1 2026 overview
H1 2026 overview Group harvest up 14% to 705,400 tonnes (2025: 619,100 tonnnes), with purchases of independent crop reduced by 22% to 92,800 tonnes (2025: 118,600 tonnes) Total CPO production up 11% to 192,300 tonnes (2025: 172,800 tonnes) with OER up to 24.2% CPO mill-gate prices up 1% to US$873 pe
Slide 4: Crop, production and sustainable output
Crop, production and sustainable output 2026 2025 Total crop processed up by 8% on prior year, but with a change in the input mix to Group mills 12% 16% Extraction rate up on prior 21% year, 24.2% compared to 20% 23.5% in 2025 21% 24% Palm kernel extraction up to 5.3% 67% 24.2% 23.5% 64% 79% 97% of
Slide 5: Palm-oil market and pricing
Palm-oil market and pricing Crude palm oil price (US$ per tonne BMD) 2,500 Market 2,000 In May, Indonesian government indicated their concerns over approach taken by some market participants to the export market 1,500 No material impact on operations, including pricing, since announcement 1,000 and
Slide 6: H1 2026 results
H1 2026 results Revenue Group cost per tonne (own crop) H1 2026: H1 2025: H1 2026: H1 2025: US$196.3m US$179.4m US$409 US$446 2026 US$m 2025 US$m 2026 2025 CPO 156.8 143.0 Labour 39% 39% PK 32.8 27.5 Fertiliser 13% 11% FFB 6.7 8.9 Depreciation 19% 20% Central costs 6% 6% Other 23% 24% Revenue increa
Slide 7: H1 2026 results: Profitability
H1 2026 results: Profitability 100.0 90.0 80.0 3.7 2.0 78.9 2.2 76.9 6.0 (2.3) 70.0 4.2 67.3 63.4 (0.3) 60.0 50.0 40.0 30.0 20.0 10.0 25% - Sales Price Subtotal Mix Costs FX Gross margin 2025 Purchases price Volume Acquisition Subtotal Gross margin 2026 +26% Operating profit US$78.1m +25% Profit for
Slide 8: H1 2026 results: Cash generation and capital allocation
H1 2026 results: Cash generation and capital allocation 0.7 interest received Sources 87.5 91.7 (US$m) Opening cash Cash from operations Uses (21.8) (3.2) (10.7) (29.6) 113.5 Tax SBB Capex Dividends Closing cash (1.1) other Capital allocation balancing operational excellence, long-term investment an
Slide 9: H1 2026 results: Paying progressive dividends
H1 2026 results: Paying progressive dividends 60 50 Interim dividend of 25p 40 per share, up 39% on prior year (some interim/final (pence) rebalancing) 30 20 EPS improvement driven by operational performance 10 36 years of maintaining or increasing dividends, 0 with a continued focus on 2016 2017 20
Slide 10: Strategy in action
Strategy in action Responsibility Excellence Acting responsibly is at the heart of what we do Excellence comes from investing and who we are for the long term Increase in sustainable CPO Increase in oil-extraction rate +16% +3% Growth Yield We seek to grow and develop Our investment strategy signifi
Slide 11: Strategy in action: Case study - Value enhancement through acquisition
Strategy in action: Case study - Value enhancement through acquisition In November 2023, Yields have improved Resulted in an additional the Group acquired by 91% in 3 years following 63,000 tonnes of our own crop being 8,350 hectares in intensive rehabilitation by processed in our mill in 2025, East
Slide 12: Strategy in action: Further growth via KWB acquisition
Strategy in action: Further growth via KWB acquisition KWB acquired and licence to plant Sustainability adjacent space at Long Nah assessment completed Initial outlay of US$2 million for land, Would take planted hectarage total investment expected to be to approximately US$20-25 million or US$7-8,00
Slide 13: H2 2026 outlook: current trading
H2 2026 outlook: current trading Crop 8 months ended Increase/ 8 months ended 31 August 2026 (decrease) 31 August 2025 Tonnes % Tonnes Own crops 737,100 15 639,400 Scheme-smallholder crops 228,000 20 189,400 Crop harvested 965,100 16 828,800 Independent crops purchased 123,300 (24) 162,200 1,088,400
Slide 14: Summary
Summary Strong growth in Crop harvested, Improved extraction rates due to Increased output leading to up 14% year-on-year operational focus and change in lower unit production costs, mix improving margins with an f/x tailwind Strong profitability, leading 117% cash conversion leading to Purchase of
Slide 15: Appendices
Appendices The Group: Who we are 18 The Group: Our operations 19 Vegetable-oil market 20 Palm oil in context 21 Oil palm life cycle 22 Age profile of planting 23 Summary operational information 24 Summary financial information 25 Investment case 26-27 Palm oil – our position 28 M.P. EVANS GROUP PLC
Slide 16: The Group: Who we are
The Group: Who we are Over 70,000 planted hectares Six zero-waste palm-oil mills With the highest standards Across the Group’s Indonesian A top 10 AIM listed, fully integrated and and a commitment to plantations processing crop sustainable Indonesian palm-oil producer, operational efficiency harvest
Slide 17: The Group: Our operations
The Group: Our operations M.P. EVANS GROUP PLC | Deploying strategy, delivering results 19
Slide 18: Vegetable-oil market
Vegetable-oil market Palm oil is in growing demand globally Palm oil is the world's largest Indonesian palm-oil Global vegetable-oil Steadily increasing demand vegetable oil by volume and production rebounded consumption grown by driven by growing populations international trade from weather-related
Slide 19: Palm oil in context
Palm oil in context M.P. Evans delivers sector-leading yields Essential ingredient for food Indonesian bio-fuel Can be harvested It is the most land-efficient security and nutrition for billions ambitions continue to continuously vegetable oil, producing over of people, and increasingly increase, wi
Slide 20: Oil palm life cycle
Oil palm life cycle As at end December 2025, M.P. Evans’ average age of planting was 11 years. Plant begins to yield approx. 30 months post planting. Yield: 25 tonnes Yield: 20 tonnes Yield: 15 tonnes Yield: 10 tonnes Plant will continue to yield beyond Yield: 5 tonnes 25 years. However, harvesting
Slide 21: Age profile of planting
Age profile of planting 10,000 Old Prime Young Immature 9,000 8,000 7,000 6,000 Hectares 5,000 4,000 3,000 2,000 1,000 - 20+ 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 Age Own Scheme smallholders M.P. EVANS GROUP PLC | Deploying strategy, delivering results 23
Slide 22: Summary operational information
Summary operational information H1 2026 Increase/ H1 2025 Tonnes (decrease) Tonnes ‘000 % ‘000 CROP Own crops 537 13 474 Scheme-smallholder crops 168 15 145 Group harvest 705 14 619 Independent crops purchased 93 (22) 119 Total crop processed 798 8 738 CPO PRODUCTION Group mills 186 14 164 Third-par
Slide 23: Summary financial information
Summary financial information H1 2026 H1 2025 Revenue US$m 196.3 179.4 Gross profit US$m 78.9 63.4 Gross margin % 40 35 Profit for the period US$m 62.1 49.6 Sustainability premium income US$m 2.5 2.8 Group cost per tonne US$ 409 446 Total cost per tonne US$ 514 553 Earnings per share pence 86.5 71.7
Slide 24: Investment case: Future plans
Investment case: Future plans We seek to grow and develop the Group Responsibility Excellence Growth Yield We will increase the We are building new With the ambition to We remain committed volume and proportion facilities at our estates, find suitable land, and to sound financial of certified sustai
Slide 25: Investment case: Future growth focus
Investment case: Future growth focus Tonnes (millions) Organic growth Note – information for illustrative purposes only and does not constitute a Company forecast Estate management focused on improving yields at 2.0 existing locations, along with greater productivity 1.8 from maturing hectares 1.6 I
Slide 26: Palm oil: our position
Palm oil The key areas and our position Organic growth Our commitment our actions The world’s most land-efficient oil Palm oil supplies almost 40% of the world’s vegetable oil using less than 10% of the land. No Biodiversity Climate People & Communities Traceability & Certification & deforestation p
Slide 27: Thank you
MPEvansky GROUP PLC Thank you