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STRICTLY CONFIDENTIAL Felda Global Ventures Holdings Berhad Corporate Presentation Version 1.0 May 2013 Disclaimer These materials have been prepared by Felda Global Ventures Holdings Berhad (FGVH or the Company) solely for


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Felda Global Ventures Holdings Berhad – Corporate Presentation Version 1.0

May 2013

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Disclaimer

These materials have been prepared by Felda Global Ventures Holdings Berhad (“FGVH” or the “Company”) solely for informational purposes, and are strictly confidential and may not be taken away, reproduced or redistributed to any other person. By attending this presentation, participants agree not to remove this document from the conference room where such documents are provided without express written consent from the Company. Participants agree further not to photograph, copy or otherwise reproduce these materials at any point of time during the presentation or while in your possession. By attending this presentation, you are agreeing to be bound by the foregoing restrictions. Any failure to comply with these restrictions may result in a violation of applicable laws and commencement of legal proceedings against you. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial position or prospects. The information contained in these materials has not been independently verified and is subject to verification, completion and change without notice. The information contained in these materials is current as of the date hereof and are subject to change without notice, and its accuracy is not guaranteed. The Company is not under any obligation to update or keep current the information contained in these materials subsequent to the date hereof. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company, or any of its directors and affiliates or any other person, as to, and no reliance should be placed for any purposes whatsoever on, the fairness, accuracy, completeness or correctness of, or any errors or omissions in, the information contained in these materials. Neither the Company, its directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of these materials or their contents or otherwise arising in connection therewith. These materials contain historical information of the Company which should not be regarded as an indication of future performance or

  • results. These materials may also contain forward-looking statements that are, by their nature, subject to significant risks and uncertainties.

These forward-looking statements reflect the Company’s current views with respect to future events and are not a guarantee of future performance or results. Actual results, performance or achievements of the Company may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will

  • perate in the future, and must be read together with such assumptions. Predictions, projections or forecasts of the economy or economic

trends of the markets are not necessarily indicative of the future or likely performance of the Company, and the forecast financial performance of the Company is not guaranteed. No reliance should be placed on these forward-looking statements, if any.

1

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

2

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1956

Federal Land Development Authority ("FELDA”) was established as a statutory body under Land Development Ordinance

1959 – 1990 More

than 850,00 Ha of land granted by state government under Group Settlement Area Act 1960 (“GSA”) had been brought under cultivation through FELDA operations

1980

Koperasi Permodalan Felda (“KPF”) was established under the Co-operative Act

1990 FELDA decided to

stop further intake

  • f

settlers

1995

Incorporation

  • f

Felda Holdings Berhad (“FHB”) as a wholly owned subsidiary of FELDA

2007

Incorporation

  • f

FGV as a wholly owned subsidiary of FELDA

2008 FGV acquired FGV

North America from FELDA

2009 FGV acquired 49%

equity interest in FHB from FELDA

2010

FGVH acquired sugar business

2011 MSM Holdings was

listed on the Main Market of Bursa Securities

2012 Adoption of New

Business Model FGV was listed on the Main Market of Bursa Securities on 28 June 2012

History

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4

Notes : (1) Direct interest 20%, through FAHC , wholly owned by FELDA 19% (2) A subsidiary of FHB

Felda Settlers FHB

39%(1) Leased Land of 355,864 Ha Employees Employees Employees Oversees the agricultural activities undertaken by settlers 51% 49% *KPF members: 231,902 comprising of 202,870 settlers group and 29,032 employees of FELDA Group * FELDA settlers

  • wned total of

479,765 Ha of land

More than 850,000 Ha

  • f Land

355,864 Ha Felda Settlers 479,765 Ha

  • Settlers own

the land

  • Managed by

FELDA/Settlers

  • Contractual

arrangements with FELDA

  • 99-year lease

Granted by state governments under Group Settlement Area Act 1960 (GSA)

Background of FELDA Group

FELDA Land FELDA Group Structure

FELDA FELDA

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

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Corporate Information

 Felda Global Ventures Holdings Berhad (FGV) is one of Malaysia’s largest and most diversified agro-based companies focused on multiple crops especially oil palm and rubber, oils and fats,

  • leo-chemicals, sugar, logistics and other services.

 It has 49 subsidiaries, joint-venture companies and associates whose business footprint extends to 10 countries such as USA, China, Canada, Turkey, South Africa and Australia.  FGV provides employment to some 19,000 employees, 20 percent of whom are descendants of FELDA settlers-smallholders.

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Stock Information

Top 10 Shareholders (as at 28 February 2013) 7

Stock Update

FGV was included in the FTSE Bursa Malaysia Kuala Lumpur Composite (FBM KLCI) on 24 December 2012. Issued Price : RM4.55 Closing Price on 13 May 2013 : RM4.56 Market Cap: RM16,634.88

FGV Stock Price Investor %

FELDA 20% Felda Asset Holdings 19% PNB 8% Citigroup Nominees - EPF 8% Lembaga Tabung Haji 8% KWAP 7% Kerajaan Negeri Pahang 5% Sabah State Government 5% Qatar Holdings 2% Total 82%

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Board of Directors

8

  • YBhg. Dato’ Yahaya Abd

Jabar (independent)

  • YBhg. Datuk Shahril

Ridza Ridzuan (independent)

  • YBhg. Datuk Wira Jalilah

Baba (independent)

  • YBhg. Dato’ Paduka Ismee

Ismail (non-independent)

  • YBhg. Dato’ Sri Dr. Mohd

Irwan Serigar Abdullah (non-independent) YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad (non-independent)

  • YBhg. Dato’ Sabri

Ahmad (non-independent)

  • Dr. Mohd Emir Mavani

Abdullah (non-independent)

  • YBhg. Tan Sri Dato’ Sri Dr.

Wan Abdul Aziz Wan Abdullah (non-independent)

  • YBhg. Datuk Dr. Omar

Salim (non-independent)

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Management Team

9

  • Dr. Suzana Idayu Wati Osman

Chief Strategy Officer

PhD (Finance), MBA (Finance),BA Hons (Business Studies), Advanced Management Program in Harvard

Dato’ Sabri Ahmad Group President and Chief Executive Officer

MsC (Agricultural Economics), BsC (Agriculture), Advance Diploma in International Studies, Advance Diploma in Management

  • Dr. Mohd Emir Mavani Abdullah

CEO Designate

PhD (Govt Reforms) Warnborough University, MA (Engineering Mgmt) Warwick University, BA Hons (Chemistry) UKM

Dato’ Khairil Anuar Aziz Chief Operating Officer Head of Manufacturing Logistic & Others

BA Hons (Marketing Management)

Fairuz Ismail Head of Global Plantations

Diploma in Planting & Industry Management

Ahmad Tifli Dato’ Hj Mohd Talha Chief Financial Officer

ICAEW, MIA member

Abdul Halim Ahmad Head of Downstream Business

Diploma in Mechanical Engineering

Nik Mustapha Nik Mohamed Chief Human Resource Officer

MBA, Master of Science, Bachelor

  • f Science

Palaniappan Swaminathan Head of Research and Development

Master of Science, Bachelor of Science

Chua Say Sin Head of Sugar Business

Master of Engineering Science, Bachelor in Electrical Engineering

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

10

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A Snapshot Of FGV’s Business

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  • Third largest

plantation manager in the world

  • Malaysia:

– 355,864 ha on leased and managed land – Primarily oil palms – Small proportion of rubber plantations

  • Indonesia

– 14,385 hectares of wholly

  • wned oil palm plantations

– 42,000 hectares through a JV

Plantations

  • Largest producer of

refined sugar in Malaysia

– 57% market share – 2 sugar refineries

Sugar

  • Overseas
  • United States:

– 1 oleochemical facility

  • Canada:

– 1 soybean and canola crushing and refining facility in Canada

  • Through JVs

– 2 refineries in Malaysia – 4 refineries in Indonesia, China and Turkey – 1 downstream processing facilities in China – 1 other oils & fats facility in the United States

Downstream

51% 49%

  • Largest CPO producer

globally

– 3.3 MM MT produced in 2012

Strong R&D Support Integrated palm oil

  • perations
  • Mills: 71 palm oil mills
  • Refineries: 5 palm oil refineries

and 2 refineries in Pakistan and China through an associate and a joint venture

  • 1 oleochemical plant through an

associate

Other Businesses

  • Manufacturing and Logistics
  • Support services

Felda Holdings Berhad (FHB)

  

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…WITH A GLOBAL PRESENCE

Notes: (1) Includes JV operations * Joint- ventures (2) China’s refineries consist of 2 palm oil refineries # Associate and 1 downstream processing facility ^ Subsidiary

Our overseas footprint spans the globe, with operations across 10 countries(1)

Plantations Refinery Bulking Installation Sales & Marketing Canola and Soybean Oleochemicals Rubber Oils & Fats Sugar Legend:

 

Canada USA China(2) Indonesia Pakistan France Spain Australia

  

 

Malaysia Thailand Turkey

US Specialty oils & fats plant 1 Oleochemical plant* Europe 2 Trading offices in France & Spain* Turkey 1 Refinery* Pakistan 1 Refinery# China 1 refineries* 1 refinery# Indonesia 56,385 ha of oil palm plantation(1) 1 Refinery* Malaysia 343,521 ha of oil palm plantation 71 Mills# 4 Crushing plants via associate 7 Refineries*# 1 Oleochemical plant* 2 Sugar^

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

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Plantation

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2 Plantation Statistics

Plantation Statistics FYE 2012 FYE 2011 Change FFB Production (million MT) 4.91 5.16

  • 4.8 %

FFB yield per mature ha (MT) 19.16 19.92

  • 3.8 %

CPO Production (million MT) 3.285 3.293

  • 0.2 %

PK Production (million MT) 0.850 0.841 +1 % CPO Extraction Rate (OER) 20.51 20.48 +0.1 % CPO Price (RM per MT) 2,843 3,218

  • 11.7 %

Total Land Under Management

Oil Palm

  • Cultivated(2):

323,587 ha Malaysia

  • Uncultivated:

19,934 ha Malaysia Rubber

  • Cultivated:

9,472 ha Peninsular Malaysia

  • Uncultivate

d: 836 ha Peninsular Malaysia FGV Oil Palm Trurich JV 42,000 ha East / Central Kalimantan 50% Oil Palm PT Citra Niaga 14,385 ha West Kalimantan 95% Malaysia (LLA) 355,864 ha Indonesia Malaysia (Felda Agricultural Services) Oil Palm 11,723 ha Malaysia Other Uses(4) 1,023 ha Malaysia Includes 2,035 ha

  • f timber

FHB 49%

1

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Plantation (Cont’d)

15

4 Replanting Program for Plantation Estates

12,019 12,736 8,238 13,665 14,428 16,000 15,000 15,000 15,000 2007 2008 2009 2010 2011 2012A 2013F 2014F 2015F

Hectares

Age Profile as at Feb 2013 3

Immature (0-3), 18 % Young (4-9), 17% Prime (10-14), 7% Prime (15-20), 9% Old (21-25), 34% Old(25+), 15%

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Downstream

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Facilities 1

  • TRT-ETGO Inc, produces soybean and canola products by crushing and refining soybeans and canola seeds at its facility in

Becancour, Quebec, Canada.

  • Crushing : 1,050,000 mt
  • Refining

: 396,000 mt  Soy and canola oils are used for a variety of consumer purposes, such as edible oils, and industrial purposes, such as biodiesel and

  • leochemicals. Soy and canola meals are used as animal feed.
  • TRT US produces oleochemicals, such as fatty acids and glycerin, from tallow, lauric oils and vegetable oils in Quincy,

Massachusetts U.S.A.

  • Capacity

: 175,000 mt  Fatty acids are used in the production of food, personal care products, cosmetics, pharmaceuticals, rubber products and textile products, and glycerin is widely used in pharmaceutical for formulations, including as food and beverage additives and as an intermediary in the productions of soaps and other pharmaceuticals.

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Sugar

Sugar Assets Owned by FGVH

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  • Presently 51% owned by FGVH

– 100% acquired in 2010 – IPO in June 2011 on Bursa Malaysia

Initiatives

  • Optimize production efficiency and capacity by:

– Increasing annual production at KGFP by 50,000 MT to 200,000 MT – Increasing daily raw melt capacity at MSM by 1,000 MT to 4,000 MT – Increasing raw sugar storage capacity at MSM by 100,000 MT to 200,000 MT and refined sugar storage capacity by 10,000 MT to 37,000 MT

2 Refineries, Packaging, Storage and Distribution

  • Each refinery has packaging, storage and distribution capabilities
  • n-site
  • Seberang Prai Refinery

– Annual production capacity: 960,000 MT of refined sugar

  • Integrated sugar mill and refinery in Chuping, Perlis

– Sugar cane crushing capacity: 5,500 MT per day – Annual production capacity: 150,000 MT of refined sugar – Warehouse facilities on-site and bulk cargo terminal at Prai, Penang

  • Packaging and distribution warehouse in Sungai Buloh, Selangor

– Connected to the Prai refinery by rail

  • Distribution warehouse in Johor Bahru, Johor

– Connected to the Prai refinery by rail

1 3

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Manufacturing , Logistics and Others (MLO)

Integrated Operations Across Value Chain

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1

Plantation Estates

  • 343,521 ha of oil palm

plantations in Malaysia

  • 56,385 ha of oil palm

plantation in Indonesia

  • Produced 4.9 mil MT of

FFB in 2012

Mills

  • 71 palm oil mills
  • 20.7 mil MT of annual

milling capacity

  • 3.3 mil MT of CPO

produced

Refineries

  • 7 palm oil refineries

through JV

  • 6 palm oil refineries

through associates

  • 5.2 mil MT capacity

(including JVs and associates)

Logistics

  • 10 bulking installations
  • 486 storage tanks with

752,250 MT capacity

  • 2 warehouses - 88,000

MT storage capacity

  • 7 distribution depots
  • Transportation services

– 251 palm oil tanker and 186 lorries.

RBD Products & Packed Goods

  • Production of

99,000 MT of packed goods for consumers and food services industry

  • Production of

1.5 mil MT of RBD products

Oleochemicals

  • 2 oleochemical plants

through JV

  • Located in Kuantan,

M’sia and Quincy, Mas. US

  • Product: Methyl esters,

fatty alcohols and glycerin

Upstream Midstream Downstream

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

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FGV’s Competitive Advantage

Note: (1) Through associate FHB

  • 1. Third largest oil palm plantation operator in the world

1

  • 5. Largest producer of refined sugar in Malaysia

5

  • 2. Access to the CPO output of the largest CPO producer in the world

2

  • 2. Strong R&D support (1)

3

Leading global, integrated and diversified agri- business player

20

Focused on palm and Malaysia while diversified across select commodities 4

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469 391 288 217 217 158 148 140 86 50 100 150 200 250 300 350 400 450 500

Sime Darby Golden Agri FGVH Astra Agro Wilmar Salim Ivomas KL Kepong IOI First Resources

Notes: (1) Includes both land that is leased by FGVH and that is managed by FGVH in Sarawak (2) Based on mature hectarage (oil palms aged 4 years and beyond) (3) % of global mature oil palm planted area. In 2011, there was 13.4 million hectares of mature oil palm planted area globally. Source: Frost & Sullivan (4) Latest publicly available information is as of 2010

Third Largest Oil Palm Plantation Operator in the World

1

In 2011, FGVH’s FFB production accounted for 5.5% of Malaysia’s total production

Global Market Share by Mature Planted Area(2)

’000s Ha

Peninsular Malaysia

355,864 Ha of Plantation Estates (1)

East Malaysia Plantation Estates

Our Operations

Sabah Sarawak Kedah Penang Perak Kelantan Terengganu Pahang Selangor Malacca Lahad Datu Sahabat Sahabat Complex Sampadi Complex Negeri Sembilan) Johor

0.6% 1.1% 1.1% 1.2% 1.6% 1.6% 2.1% 2.9% 3.5%

Source: Frost & Sullivan, FGVH, various company annual reports and websites

%(3)

Total mature planted area – 288,442 ha (1) FGVH is the third largest oil palm plantation

  • perator in the world, with a 2.1% market share

(4)

(1)

Tawau Perlis

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STRICTLY CONFIDENTIAL 3.3 2.4 2.2 1.8 1.3 1 2 3 4 FHB Sime Darby Golden Agri Wilmar Astra Agro

Access to the CPO Output of the Largest Producer in the World

2

Source: Frost & Sullivan, Oil World, various company annual reports and websites

Market Share (%) 6.6% 4.9% 4.3% 3.5% 2.5%

Notes: (1) Through FPI. Effective March 2012, FGVH entered into a contract with FPI to process substantially all internally-produced FFB and to offtake substantially all CPO from internal and external crop (2) Market share is calculated based on publicly available information on CPO production volumes in Malaysia (3) Latest publicly available information is in 2010

FHB provides us with access to the downstream oil value chain

MM MT 2011 Global CPO Production FHB’s Market Share in CPO Production (Malaysia), 2011 (2)

(1) Source: Frost & Sullivan, Oil World, FGVH, various company annual reports and websites

3.3 1.5 0.7 0.2 1 2 3 4 FHB Sime Darby IOI KULIM (Malaysia) 17.4% 7.9% 3.6% 0.9% Market Share (%)

MM MT

(3)

(1)

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Our productivity is supported by higher than average yields

Notes: (1) A small proportion of the FFB produced by the FELDA-leased land is sold to third parties. In 2011, this amounted to 70K MT of FFB (2) Across all FFB sources, to FPI, a 72%-owned subsidiary of FHB from which we purchase substantially all of the CPO produced

Access to the CPO Output of the Largest Producer in the World (cont’d)

2

5.2 4.7 5.1 4.9 4.8 4.8 5.3 5.6 4.9 4.7 5.4 5.3 0.3 0.2 0.3 0.3

  • 4

2 8 14 20 2009 2010 2011 2012

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19.8 18.8 19.9 19.2 19.2 18.0 19.7 18.9 17 18 19 20 21 2009 2010 2011 2012 Average FGVH FFB Yield Malaysia Palm Oil Board benchmark

MT / Ha

Our FFB Yield Exceeds Malaysian Benchmarks

Total: 15.2 MM MT 14.5 MM MT 16.1 MM MT

FFB Supply Balanced Across Multiple Sources Total Sources of FFB (MM MT)

FELDA-Leased and Managed Land (1) FELDA Settlers Third Parties FELDA Agricultural Services

16.0 MM MT

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R&D Support

Areas of Focus Benefits

Increase yield and efficiency Reduce production costs Ensure environmental sustainability Maximize profits in the long run

Strengths

Notes: (1) Felda Agricultural Services (FAS) is a 76.9%-owned subsidiary of FHB, our 49%-owned associate (2) Includes (i) a phosphate transport marker that can be used to detect oil palms with lower phosphate fertilizer requirements and (ii) a Ganoderma boninsense marker that is intended to be used to develop Ganoderma boninsense-tolerant planting material (3) Namely, rats, leaf-eating caterpillars, rhinoceros beetle and the fungal pathogen Ganoderma boninense

Oil Palm Breeding & Selection

  • Active since 1968 via Tun Razak Agricultural Services Center
  • Germinated Seeds: Award-winning Felda Yangambi brand

Biotechnology

  • Research center located in Enstek, Nilai
  • Biomolecular marker research

– Filed patents for 2 types of markers(2) Agronomy & Crop Protection Programs

  • Focus on four main pests(3) using integrated pest management

with emphasis on biological control

  • Production and sale of rat bait

Applied Technology

  • Electronics and wireless sensor network technology
  • Geographical information systems

Through our associate, Felda Agricultural Services(1)

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Downstream R&D

  • Focuses on food and non-food product development.

3

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Rationale for crop diversification across the value chain  Complementary crops: palm and rubber  Natural hedge against commodity volatility  Downstream businesses protect upstream margins

Revenue Split by Segment (1)

4 Focused on Palm and Malaysia While

Diversified Across Select Commodities ...

25

% Revenue (palm oil and rubber) RM MM

  • 5,000

10,000 15,000 20,000 25,000 Plantations Downstream Sugar MLO Total

26% 7% 11% 100% 56%

Asia (ex-Malaysia) 2% North America 12% Others 0.4% Europe 0.1% Malaysia 85%

Revenue Split by Geography (2)

Notes: (1) YTD 3Q Revenue Split by Segment (2) 1H Revenue Spilt by Geography

Key benefits  Diversify macroeconomic exposure / risk  Broader reach to global customers and end-customers

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Our annual sugar production capacity is over 1.1 MM MT

Sugar Assets Owned by FGVH

Notes: (1) Exchange rate of USD1 = MYR3.08 as of 28 Sep 2012 (Bloomberg) (2) FGVH owns a 20% stake in Tradewinds

Leading Market Share in Malaysia in 2011

Source: Frost & Sullivan

MSM 48.8% KGFP 8.1% Tradewinds 43.1%

Leading Market Share in Malaysia of 57% in 2011

(2)

% of Total Production Volume

  • 100% acquired in 2010
  • IPO in June 2011 on Bursa Malaysia

(KLSE:MSM)

  • Market capitalization of MYR3,479.75 Mil as

at 10 May 2013

51%

Largest Producer of Refined Sugar in Malaysia

5

26

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Commitment to sustainable growth

Responding to increasing global demand for sustainable palm oil

RSPO progress to date : 77,900 ha and 6 mills Certified

0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2009 2010 2011 2012 2013 2014 2015 2016 2017

Million tones/year

Projected Annual RSPO Audit for Felda Group (for sustainable palm oil production)

ISCC progress to date: 15 mills certified

Unilever, which purchases 3% of all global palm oil has been a key player in driving demand, with its commitment to buy only certified sustainable palm oil (CSPO) by the end of 2015. Source: RSPO website By 2015, we intend to purchase and use only palm oil that we can confirm to have originated from responsible and sustainable Source: P&G website Nestle sets 2020 targets, to use only sustainable palm oil Source: Nestle website

Increasing commitment from major palm

  • il buyers for sustainable palm oil

FGV aims to produce 3 million of RSPO & ISCC-certified oil by 2017

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Contents

1. History 2. Corporate Information 3. FGV Snapshot 4. Business Clusters 5. FGV’s Competitive Advantage 6. Key Financial Highlights

28

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Financial Overview – FYE December 2012 vs 2011

29

Income Statement Audited(1) Proforma Audited(3) AS AT 31 DECEMBER AS AT 31 DECEMBER AS AT 31 DECEMBER 2010 2011 2010 2011 2012 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 3,149,510 4,201,168 5,804,601 7,453,077 12,886,499 Profit before zakat and taxation 366,371 236,176 1,184,391 1,904,787 1,126,220 Profit for the financial period/year 287,255 148,789 929,367 1,400,247 905,058 EBITDA 592,583 416,583 1,443,366 2,117,191 1,230,676 Dividend payout ratio 49.1% Balance Sheet Proforma Audited(3) AS AT 31 DECEMBER AS AT 31 DECEMBER 2011 2012 RM’000 RM’000 Total equity and liabilities 9,758,048 16,499,301

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Contact Us

31

For further information, please contact: http://www.feldaglobal.com

Felda Global Ventures Holdings Bhd Level 6, Balai FELDA Jalan Gurney 1 54000 Kuala Lumpur MALAYSIA Telephone :+603 – 2692 8355 Fax :+603 – 2692 8385

Investor Relations contact person: Ms Zaida Alia Shaari (zaida.s@feldaglobal.com)