Golden Agri-Resources Ltd · SGX:E5H
Golden Agri-Resources — FY2022 Earnings Presentation
17 slides from Golden Agri-Resources's earnings presentation, Feb 28, 2023
Slide 1: Full Year 2022 Performance Presentation
www.goldenagri.com.sg Golden Agri-Resources Ltd Full Year 2022 Performance Presentation 28 February 2023
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: Executive Summary
Executive Summary New record full year results underpinned by robust upstream and exceptional downstream contribution Segmental EBITDA3 (US$ million) 1,826 FY 2022 Financial Performance Revenue EBITDA Underlying Profit1 Total Dividend2 1,214 1,022 US$11.44 bn US$1.83 bn US$922 mn S$1.791 cents 1,018
Slide 4: Financial Highlights
Ck | Financial Highlights WA
Slide 5: Financial Performance
Financial Performance Record full year performance through optimal realisation of our integrated business model US$ million FY 2022 FY 2021 YoY 2H 2022 1H 2022 HoH Revenue 11,439 10,183 12% 5,949 5,490 8% Gross Profit 3,026 2,355 28% 1,656 1,369 21% EBITDA1 1,826 1,214 50% 1,019 807 26% Underlying P
Slide 6: Financial Position
Financial Position Healthy financial position supported by strong performance and prudent management US$ million 31-Dec-22 31-Dec-21 Change Total Assets 9,902 9,608 3% Cash and short-term investments 1,145 666 72% Fixed assets1 3,820 3,999 -4% Total Liabilities 4,648 4,716 -1% Net Debt2 142 970 -85%
Slide 7: FY2022 Dividend Distribution
FY2022 Dividend Distribution The Board declares final dividend of 0.991 Singapore cents per share, bringing total dividend to a record distribution of 1.791 Singapore cents per share for the full year 2022, 12% higher than the previous year 2022 Cash Dividend 2019 2020 2021 Interim Final Total Divid
Slide 8: Segmental Performance
Ck | Segmental Performance WA
Slide 9: Segmental Results: Plantations and Palm Oil Mills
Segmental Results Plantations and Palm Oil Mills FY 2022 FY 2021 YoY 2H 2022 1H 2022 HoH Revenue (US$ million) 2,268 2,190 4% 1,019 1,249 -18% EBITDA (US$ million) 804 779 3% 284 520 -45% EBITDA margin 35.5% 35.6% -0.1% 27.9% 41.7% -13.8% CPO FOB Market Price (US$/MT) 1,248 1,168 7% 963 1,595 -40% N
Slide 10: Oil Palm Plantations
Oil Palm Plantations Continued long-term productivity growth through technological innovation and replanting with higher yielding seeds Mature Area (ha) Planted Area (ha) Age Profile as of 31 December 2022 537,697 536,013 8% 497,353 485,290 22% 40,344 115,600 113,980 10% 108,074 106,280 116,467 53,9
Slide 11: Segmental Results: Palm, Laurics and Others
Segmental Results Palm, Laurics and Others Exceptional performance in the second half of 2022 led to record downstream EBITDA exceeding US$1 billion for the full year FY 2022 FY 2021 YoY 2H 2022 1H 2022 HoH Revenue (US$ million) 11,366 10,150 12% 5,899 5,467 8% Sales Volume (‘000 tonnes) 9,698 10,13
Slide 12: Strategy and Outlook
Ck | Strategy and Outlook WA
Slide 13: Strategy and Outlook
Strategy and Outlook Strategic Focus • Continue to bolster our competitive strengths as a leading technology-driven soil-to- table agribusiness company • Leveraging cutting-edge technology and agri-science innovation throughout our business value chain, advancing our operational excellence to the ne
Slide 14: Towards Responsible Palm Oil Production
Towards Responsible Palm Oil Production Committing to climate action • GAR and 13 companies signed Agriculture Sector Roadmap to 1.5˚C at COP27 • Accelerating action in supply chains to stop commodity-linked deforestation • GAR also implementing Task Force for Climate-related Financial Disclosures (
Slide 15: Appendix
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Slide 16: Age Profile
Age Profile Immature and younger estates use newer-generation higher-yielding planting materials that will further boost production growth in the future Immature Young Prime 1 Prime 2 Old Total hectares (0-3 years) (4-6 years) (7-18 years) (19-25 years) (>25 years) 31 December 2022 Nucleus 32,818 50
Slide 17: If you need further information, please contact
If you need further information, please contact: Golden Agri-Resources Ltd c/o 108 Pasir Panjang Road #06-00 Golden Agri Plaza Singapore 118535 Tel: +65 6590 0800 Fax: +65 6590 0887 www.goldenagri.com.sg Richard Fung - Director, Investor Relations [email protected] golden-agri-resources-ltd