VFB happening 24 maart The Connection to the world of Sustainable Tropical Agriculture

Transcription

1 VFB happening 24 maart 2018 The Connection to the world of Sustainable Tropical Agriculture

2 Summary SIPEF group Company profile SIPEF group Palm oil in the world SIPEF group Expansion SIPEF group Financial performance

3 SIPEF group Company profile The Connection to the world of Sustainable Tropical Agriculture Agriculture 1st segment of the supply chain - commodities Tropical Recent industrialised countries Sustainable Audited certifications Connection Publicly quoted

4 SIPEF group Company profile The Connection to the world of Sustainable Tropical Agriculture Continuous production Continuous crops Diversified in product Palm oil : basic commodity for food (and recently energy) Rubber : cyclic business - tire industry Diversified in origin Indonesia : leading producing country within Asian market PNG : export oriented with strong agronomical basics

5 SIPEF group Company profile

6 SIPEF group Planted hectares summary 31 December 2017 Palm Rubber Tea Indonesia PNG Ivory coast % Group share Bananas Other Total % Group share % % % % % 8% 2% 1% 0% 100%

7 Summary SIPEF group Company profile SIPEF group Palm oil in the world SIPEF group Expansion SIPEF group Financial performance

8 Palm oil in the world Population growth In the coming 40 years, mankind will have to produce more food than in the previous years put together Population growth will have a huge impact on future food demands Rising middle class is causing diet changes in developing countries Agricultural land is increasingly becoming scarcer

9 Palm oil in the world Oil and fat consumption

10 Palm oil in the world Land input Increased demand for meat/fat/processed foods Increased demand for biofuel Decreasing Agricultural land per capita Disposable income growth in developing countries

11 Palm oil in the world Vegetable oils 1994/95: 93,1 million tonnes 2017: 220,0 million tonnes 20% 31% 16% 4% 37% 9% 21% 12% 24% Palm oil Soya oil Rape oil Sunflower oil Palm kernel and coconut oil Other oils/animals fats 6% 9% Palm oil Rape oil Palm kernel and coconut oil 11% Soya oil Sunflower oil Other oils/animal fats Source: oilworld.de, December 2017

12 Palm oil in the world Comparison to other oils Resources used per vegetable oil:

13 Palm oil in the world Palm oil production 2017 Palm oil production (Total of 67,1 Mn Tonnes) 3% 6% 3% 1% 4% 54% 29% Indonesia Malaysia Thailand Africa Oceania Middle & South America Oth. Countries Source: oilworld.de, December 2017

14 Palm oil in the world Palm oil consumption 2014/15 World consumption 0% 14% 11% 2% 2% 6% 65% Europe Russia North America South America Asia and the middle east Africa Oceania Source: oilworld.de, May 2015

15 Palm oil in the world Biodiesel Biodiesel 2017 (Total of 35,2 Mn tonnes) 27% 3,5 Mn ton 10% 31% 20% 7,5 Mn ton 21% 10% 12% Other oils & fats Used cooking oil Rapeseed oil Soya oil Palm oil EU Palm oil non-eu Source: oilworld.de, December 2017

16 2006/ / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /01 SIPEF group Vegetable oil prices Palm Oil and its main competitors (weekly prices) PALM OIL (CIF N.W. Europe) SOYA OIL (FOB Dutch mill) RAPESEED OIL (FOB Dutch mill)

17 Palm oil in the world Sustainable palm oil 2,29 Million Ha RSPO certified production area

18 Summary SIPEF group Company profile SIPEF group Palm oil in the world SIPEF group Expansion SIPEF group Financial performance

19 SIPEF group Strategy and expansion SIPEF group= Ha planted (group share) Focus on core-business Palmoil Rubber Bananas Tea Indonesia Papua New Guinea Focus on Sustainable Agriculture (RSPO) Expansion of existing activities Acquisition of new investments Balanced leverage 18

20 Expansion Increase in Ha (Beneficial interest) Ha Ha % Ha Ha Ha Ha North Sum North Sum expansion Bengkulu Bengkulu expansion PNG PNG expansion Musi Rawas Dendy Marker Ivory Coast Ivory Coast expansion

21 Expansion Increase in CPO production (Beneficial interest) 240% 220% 200% BI hectares 180% 160% 140% 120% 100% BI production

22 SIPEF group South Sumatra expansion South Sumatra 21

23 Expansion Musi Rawas planted area up to December 2017 Cumulative Planted Area (Ha) Hectares AKL ARU AMR

24 Expansion South Sumatra planted hectares South Sumatra expansion Musi Rawas own PT Dendymarker own South Sumatra plasma

25 Summary SIPEF group Company profile SIPEF group Palm oil in the world SIPEF group Expansion SIPEF group Financial performance

26 SIPEF group Historical evolution NFP, equity and turnover Turnover In MUSD 400 Equity USD Net financial position USD 100 Result, share of the Group * *2013* Restatement for IAS41R 25

27 SIPEF group Dividend history Dividend History Sipef 1,80 32% 35% 32% 30% 1,60 31% 30% 30% 1,40 23% 1,20 1,00 31% 25% 24% 25% 25% 25% 22% 21% 20% 17% 1,70 0,80 1,70 1,60 1,50 1,25 0,60 1,25 1,25 1,10 0,40 0,80 10% 0,80 0,60 0,20 0,30 0, % 5% 0,40 0,00 0% EUR/share Pay-out

28 SIPEF group 2018 prospects We expect a 9% rise in palm oil production; Prices will remain steady; 41% of palm oil production for 2018 sold at USD 741 CIF Rotterdam; Capex primarily expansion in South Sumatra and replacement capex; Sale of BDM-ASCO: Selling price set at EUR 35 million for 100%; Capital gain of approximately USD 7 million; Gross proceeds of KUSD for further reduction of debt position.

29 Q&A Source : and SIPEF NV 28