Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — Q3 2015 Earnings Presentation
20 slides from Golden Agri-Resources's earnings presentation, Nov 12, 2015
Slide 1: Interim Performance Presentation – Third quarter ended 30th September 2015
Golden Agri-Resources Ltd Interim Performance Presentation Third quarter ended 30th September 2015 12 November 2015
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 15 5 Appendix 18 slide 3
Slide 4: Executive Summary
Executive Summary 5) gar agribusiness and food
Slide 5: Executive Summary
Executive Summary 3Q 2015 EBITDA and net profit increased year-on-year with improving downstream operations EBITDA1 (US$ million) 150 3Q 2015 results YoY QoQ 110 110 97 Revenue US$1,574 mn 15% 14% 100 EBITDA1 US$128 mn 28% 12% Net Profit2 US$16 mn 261% 59% 50 32 27 Palm product output 799,000 MT 3%
Slide 6: Financial Highlights
Financial Highlights slide 6
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance (in US$ million) 9M 2015 9M 2014 YoY 3Q 2015 3Q 2014 YoY Revenue 4,958 5,797 -14% 1,574 1,844 -15% Gross Profit 837 1,013 -17% 311 283 10% EBITDA1 401 431 -7% 128 100 28% Interest on borrowings -98 -88 11% -35 -31 14% Depreciation and amortisation -125 -110 14% -44
Slide 8: Financial Position
Financial Position Strong balance sheet fundamentals with ample liquidity and prudent gearing (in US$ million) 30-Sep-15 31-Dec-14 Change Total Assets 15,152 14,667 3.3% Cash and short-term investments1 832 591 40.9% Fixed Assets2 10,692 10,455 2.3% Total Liabilities 6,318 5,848 8.0% Adjusted Net De
Slide 9: Segmental Performance
Segmental Performance slide 9
Slide 10: Segmental Results – Plantations and Palm Oil Mills
Segmental Results – Plantations and Palm Oil Mills Third quarter EBITDA margin improved with recovery in output and lower costs compensating for weaker CPO prices 9M 2015 9M 2014 YoY 3Q 2015 3Q 2014 YoY Revenue (US$ million) 1,132 1,469 -23% 359 451 -20% EBITDA1 (US$ million) 307 441 -30% 97 110 -12
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 30 Sep 2015 461,612 484,221 472,837 5% 5% 440,578 101,219 11% 97,368 100,886 24,922 95,799 22,609 50,522 364,244 344,779 383,002 371,951 35% 171,
Slide 12: Segmental Results – Palm and Lauric
Segmental Results – Palm and Lauric Improved palm downstream margins resulting in higher EBITDA 9M 2015 9M 2014 YoY 3Q 2015 3Q 2014 YoY Revenue (US$ million) 4,445 4,902 -9% 1,407 1,523 -8% Sales Volume (‘000 tonnes) 6,464 5,948 9% 2,105 1,928 9% EBITDA1 (US$ million) 83 47 76% 27 7 297% EBITDA1 mar
Slide 13: Strengthening Position Across the Downstream Value Chain
Strengthening Position Across the Downstream Value Chain Sourcing of Product Sales and raw materials Processing customisation distribution 6.5 million tonnes Construction of additional • Sales of palm • Destination sales of palm based downstream facilities is based refined contribute 69% to our prod
Slide 14: Segmental Results – Oilseeds and Others
Segmental Results – Oilseeds and Others Positive contribution from oilseed segment due to improved business environment 9M 2015 9M 2014 YoY 3Q 2015 3Q 2014 YoY 1Q 2015 4Q 2014 QoQ 1Q 2014 YoY Oilseeds2 Revenue (US$ million) 468 670 -30% 150 245 -39% Sales Volume (‘000 tonnes) 907 1,031 -12% 295 394
Slide 15: Strategy and Outlook
Strategy and Outlook slide 15
Slide 16: 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 capture profit opportunities across the value chain Upstream • Focusing on replanting to sustain production growth • Continued efforts in yield impro
Slide 17: Holistic Approach to Sustainability
Holistic Approach to Sustainability Fires and Haze - Zero burn policy (1997) - No new plantings since November 2014 - Fires have spread into our concessions due to extreme dry weather. Only 0.5% of our area is affected - Over 10,000 Emergency Response Team personnel plus numerous measures on the gro
Slide 18: Appendix
Appendix slide 18
Slide 19: 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) 30 September 2015 Nucleus 18,758 41,366 179,984 121,502 21,392 383,002 P
Slide 20: 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 [email protected] slide 20
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