Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — FY2015 Earnings Presentation
22 slides from Golden Agri-resources's earnings presentation, Mar 1, 2016
Slide 1: Full Year 2015 Results Presentation
Golden Agri-Resources Ltd Full Year 2015 Results Presentation 1 March 2016
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 10 4 Strategy and Outlook 16 5 Appendix 20 slide 3
Slide 4: Executive Summary
Executive Summary 5) gar agribusiness and food
Slide 5: Executive Summary
Executive Summary Stronger downstream results drive GAR to higher quarterly earnings despite lower CPO prices EBITDA1 (US$ million) • 4Q 2015 vs 4Q 2014 results 600 562 550 Revenue $1,552 mn 15% 500 EBITDA1 $140 mn 4% 450 415 Core Net Profit2 $51 mn 10% 400 Palm product output 817,000 MT 13% 350 CPO
Slide 6: Financial Highlights
Financial Highlights slide 6
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance US$ million FY 2015 FY 2014 YoY 4Q 2015 4Q 2014 YoY Revenue 6,510 7,619 -15% 1,552 1,822 -15% Gross Profit 1,140 1,311 -13% 303 298 2% EBITDA1 542 566 -4% 140 135 4% Core Net Profit2 221 221 - 51 46 10% Addition: Net loss from changes in fair value of biological
Slide 8: Financial Position
Financial Position Healthy balance sheet with ample liquidity and prudent gearing (in US$ million) 31-Dec-15 31-Dec-14 Change Total Assets 14,596 14,667 -0.5% Cash and short-term investments 502 591 -14.9% Fixed Assets1 10,682 10,455 2.2% Total Liabilities 5,847 5,848 -0.02% Adjusted Net Debt2 1,908
Slide 9: Final Dividend
Final Dividend The Board proposes final dividend distribution of 0.502 Singapore cents per share, subject to approval from shareholders. It represents 25% of our underlying profit for FY2015. Cash Dividend 2012 2013 2014 2015 Dividend per share (in S$ cents) 1.190 1.100 0.585 0.502 Total Dividend (i
Slide 10: Segmental Performance
Segmental Performance slide 10
Slide 11: Segmental Results – Plantations and Palm Oil Mills
Segmental Results – Plantations and Palm Oil Mills 4Q 2015 EBITDA margin improved with recovery in output and lower costs compensating for weaker CPO prices FY 2015 FY 2014 YoY 4Q 2015 4Q 2014 YoY Revenue (US$ million) 1,503 1,927 -22% 371 458 -19% EBITDA1 (US$ million) 415 561 -26% 108 120 -10% EBI
Slide 12: 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 Dec 2015 460,336 485,606 472,837 5% 5% 440,578 101,219 11% 97,368 100,886 24,431 95,799 25,270 50,522 362,968 344,779 384,387 371,951 35% 170,
Slide 13: Segmental Results – Palm and Lauric
Segmental Results – Palm and Lauric Improved palm downstream margins provided substantial growth in EBITDA FY 2015 FY 2014 YoY 4Q 2015 4Q 2014 YoY Revenue (US$ million) 5,614 6,465 -13% 1,169 1,562 -25% Sales Volume (‘000 tonnes) 8,764 8,092 8% 2,300 2,144 7% EBITDA1 (US$ million) 109 58 89% 28 11 1
Slide 14: Strong Position Across the Downstream Value Chain
Strong Position Across the Downstream Value Chain Sourcing of Product Sales and raw materials Processing customisation distribution 8.8 million tonnes On-target completion of • Sales of palm • Destination sales of palm based additional downstream based refined contribute 70% to our products were sol
Slide 15: Segmental Results – Oilseeds and Others
Segmental Results – Oilseeds and Others Positive contribution from oilseed segment with improved business environment FY 2015 FY 2014 YoY 4Q 2015 4Q 2014 YoY 1Q 2015 4Q 2014 QoQ 1Q 2014 YoY Oilseeds2 Revenue (US$ million) 644 845 -24% 176 176 - Sales Volume (‘000 tonnes) 1,257 1,354 -7% 350 323 8% E
Slide 16: Strategy and Outlook
Strategy and Outlook slide 16
Slide 17: 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,
Slide 18: 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
Slide 19: Fostering Sustainability
Fostering Sustainability As a leading palm oil company, we continue to strengthen our sustainability implementation Mapping and Engaging our Suppliers - December 2015: Completed mapping of 489 supplier mills (100 percent) to GAR downstream facilities: six refineries, four kernel crushing plants and
Slide 20: Appendix
Appendix ws) gar agribusiness and food
Slide 21: Age Profile
Age Profile The average age of GAR’s plantations is 15 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 December 2015 Nucleus 21,419 41,366 179,925 120,776 20,901 384,387 Pl
Slide 22: 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 22