Sd Guthrie Bhd · MYX:SDG

Sd Guthrie Bhd — Sime Darby Plantation — Q3 FY2018 Earnings Presentation

14 slides from Sd Guthrie Bhd's earnings presentation, May 31, 2018

  1. Slide 1: FY2017/2018 Results Announcement, Third Quarter ended 31 March 2018

    FY2017/2018 Results Announcement Third Quarter ended 31 March 2018 31 May 2018

  2. Slide 2: Financial Highlights

    2 Financial Highlights SD Plantation registers 93% increase in net profit for nine months ended 31 March 2018 in RM’mn (YoY %) 3QFY2018 9MFY2018 Revenue 3,659 -16% 11,285 +2% 3QFY17: 4,348 9MFY17: 11,093 PBIT 390 -46% 2,347 +45% 3QFY17: 721 9MFY17: 1,621 Recurring PBIT 362 1,547 Non-Recurring PBIT1

  3. Slide 3: Borrowings & Cash Flow

    3 Borrowings & Cash Flow Improving gearing and cash generated from operations NET CASH GENERATED FROM Gross Gearing1 61% 55% 44% 39% OPERATING ACTIVITIES +14% YoY 2,368 2,074 Net Gearing2 57% 48% 39% 35% As at 31 Mar 2017 As at 31 Mar 2018 Borrowings NET CASH USED IN (in RM’mn) 9,300 8,815 7,214 6,4

  4. Slide 4: Financial Performance by Segment

    4 Financial Performance by Segment 3QFY18 recurring PBIT declined due to lower FFB production in Indonesia and PNG/SI, as well as weaker average CPO price realised Recurring PBIT in RM’mn (YoY %) 3QFY2018 9MFY2018 Upstream 283 -58% 1,296 -7% 3QFY17: 669 9MFY17: 1,391 Upstream Malaysia 253 -39% 971 +

  5. Slide 5: Operational Performance – Upstream: FFB Production

    5 Operational Performance – Upstream Weaker 3QFY18 FFB production in Indonesia and PNG/SI mitigated by improvements in Malaysia and Liberia in ‘000 MT (YoY %) FFB PRODUCTION MALAYSIA INDONESIA PNG/SI LIBERIA TOTAL UPSTREAM +6% +19% -19% -9% -16% -7% +112% +245% -5% +6% 7,795 4,614 7,331 3,892 2,459

  6. Slide 6: Operational Performance – Upstream: CPO Extraction Rate

    6 Operational Performance – Upstream Better 3QFY18 OER performance in Malaysia, Indonesia and Liberia C P O E X T R A C T I O N R AT E ( O E R ) in % (YoY %) MALAYSIA INDONESIA PNG/SI LIBERIA TOTAL UPSTREAM +1% -2% +1% +2% -6% -3% +11% -1% -2% -2% 23.35 21.67 21.79 21.33 21.65 23.08 22.45 22.00 21.4

  7. Slide 7: Operational Performance – Upstream: Average CPO Price Realised

    7 Operational Performance – Upstream Lower average CPO price realised resulting from weaker market sentiment AV E R A G E C P O P R I C E R E A L I S E D in RM/MT (YoY %) TOTAL MALAYSIA INDONESIA PNG/SI LIBERIA UPSTREAM -17% -7% -23% -10% -20% -14% -18% -11% -20% -9% 3,304 3,123 2,994 3,049 2,825 2,

  8. Slide 8: Financial Performance – Downstream

    8 Financial Performance – Downstream Higher PBIT driven by better sales volume and contribution margin from Differentiated products DOWNSTREAM PBIT P B I T BY S E G M E N T in RM’mn DIFFERENTIATED +125% YoY +11% YoY +52% YoY -11% YoY 90 100 36 16 3QFY17 3QFY18 9MFY17 9MFY18 225 199 65 BULK 43 -55% Y

  9. Slide 9: Sustainability: 100% MSPO-certified

    9 Sustainability SD Plantation becomes the largest MSPO producer to-date MALAYSIAN SUSTAINABLE PALM OIL (MSPO) On 29 March 2018, SD Plantation achieved 100% MSPO certification for its 124 estates and 33 mills throughout the country 100% MSPO-certified 1.2 million MT CPO production capacity As at 31

  10. Slide 10: Verdezyne Inc.

    10 Verdezyne Inc. SD Plantation ceases further investment in Verdezyne Inc. (VDZ) Background  SD Plantation holds 43.58% interest in VDZ since 2014, a US-based company which owns proprietary industrial biotechnology platforms. The investment is an effort to create a new revenue stream by producing

  11. Slide 11: Disclaimer

    11 Disclaimer This document is strictly confidential to the recipient. It is being supplied to you solely for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. Upon request, you shal

  12. Slide 12: Thank You

    THANK YOU SIME DARBY PLANTATION INVESTOR RELATIONS [email protected] +(603) 7848 4000 http://www.simedarbyplantation.com/investor-relations

  13. Slide 13: Appendix

    Plantation Appendix

  14. Slide 14: Summary of Operational Statistics

    14 Summary of Operational Statistics As at 31 March 2018 (9MFY2018) Malaysia Indonesia PNG Liberia Group YoY 31 31 YoY % 31 31 YoY % 31 31 YoY % 31 31 % 31 YoY % 31 Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar ‘18 ‘18 ‘17 ‘18 ‘17 ‘18 ‘17 ‘18 ‘17 ‘17 FFB Production 4.614 3.892 19% 1.958 2.150 -9% 1.182 1.

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