Vision To be a leading regional plantation group. Mission To uphold the highest standards of performance in our plantations and agri-businesses. Culture We strive to: uphold the highest standards of professionalism and exemplary corporate governance to maximise the benefits for all stakeholders; respect the different cultures, gender, religion, human rights and dignity of our stakeholders; ensure the standard of our agricultural and milling practices is of quality that matches or exceeds others in the industry; create a conducive environment for team spirit among our employees to work towards a unified workforce; and be a responsible and respected corporate citizen with concerns for social, safety, health and environmental issues.
Vision, Mission and Culture Statement 2 Location of Operations 3 Group Corporate Structure 4 Group Organisation Chart 5 Financial Highlights, Share & Warrant Performance 6 5-Year Group Plantation Statistics 8 Statement of Value Added & Distribution 10 Board of Directors & Secretary 14 IJMP in The Headlines 16 Senior Management 18 Key Events FY2013 22 Chairman s Statement 28 CEO s Review of Operations 34 Statement on Corporate Governance 42 Audit Committee Report Contents 46 Statement on Risk Management & Internal Control 50 Statement and Report on Corporate Responsibility Statement and Report on Environment Statement and Report on Workplace Statement and Report on Community Statement and Report on Marketplace 65 Financial Statements 135 List of Properties 136 Analysis of Shareholdings & Warrantholdings 141 Notice of Annual General Meeting Form of Proxy Corporate Information
LOCATION of Operations PLANTATION PROCESSING SERVICES 3 Minat Teguh Estate 5 Sijas Estate 6 Desa Talisai South Estate 8 Desa Talisai North Estate 9 Meliau Estate 11 Sungai Sabang Estate 14 Berakan Maju Estate 15 Excellent Challenger I Estate 16 Excellent Challenger II Estate 17 Rakanan Jaya South Estate 19 Rakanan Jaya North Estate 20 Sajau Estate 21 Binai Estate 22 Pertama Estate 23 Belidan Estate 24 Manubar Estate 25 Kaliorang Estate 26 Mengenai Estate 27 Alumga Estate 28 KBSA Estate 2 IJMEO Kernel Crushing Plant 4 Minat Teguh Palm Oil Mill 7 Desa Talisai Palm Oil Mill 12 Sabang Palm Oil Mill I 18 Sabang Palm Oil Mill II 29 IPS Palm Oil Mill 1 Wisma IJM Plantations 10 Quality, Training and Research Centre 13 Sugut Training Centre CONSERVATION Hundred-Acre Wood 2
GROUP Corporate Structure As at 30 June 2013 INVESTMENT HOLDING 100% Gunaria Sdn Bhd PLANTATION AND PROCESSING 95% PT Karya Bakti Sejahtera Agrotama 95% PT Sinergi Agro Industri PLANTATION 100% Berakan Maju Sdn Bhd 100% Excellent Challenger (M) Sdn Bhd 100% Rakanan Jaya Sdn Bhd 100% Minat Teguh Sdn Bhd 95% PT Primabahagia Permai 95% PT Prima Alumga 90% PT Indonesia Plantation Synergy 100% Desa Talisai Sdn Bhd 100% Dynasive Enterprise Sdn Bhd 100% Sijas Plantations Sdn Bhd 100% IJMP Investments (M) Limited Under members voluntary liquidation PROCESSING 100% Akrab Perkasa Sdn Bhd 100% Desa Talisai Palm Oil Mill Sdn Bhd 100% Sabang Mills Sdn Bhd 100% IJM Edible Oils Sdn Bhd Palm kernel crushing OTHERS 100% Ratus Sempurna Sdn Bhd Property holding 100% IJM Biofuel Sdn Bhd Dormant IJM PLANTATIONS BERHAD Annual Report 2013 3
GROUP Organisation Chart BOARD OF DIRECTORS Audit Committee Securities & Options Committee Nomination & Remuneration Committee Company Secretary > Risk Management Committee > Internal Audit CEO & Managing Director CEO Indonesian Operations CFO & Executive Director Operations Group Support Services Project Team > Estates > Processing > Agri Management Services > Commodity Selling & Outside Crop > Finance & Accounts > Human Resource > Land & Legal > Purchasing, IT & Administration > Research, Training & Development 4
FINANCIAL Highlights REVENUE (RM 000) PROFIT BEFORE TAX (RM 000) TOTAL ASSETS (RM 000) Financial year ended Financial year ended Financial year ended SHARE AND WARRANT Performance 0.90 0.79 0.87 1.09 1.05 1.03 0.94 0.88 0.88 0.84 0.84 0.77 3.28 3.04 3.23 3.60 3.56 3.44 3.13 2.91 2.98 2.96 2.93 3.00 491,604 406,745 506,284 590,434 486,277 160,477 112,632 196,016 215,247 156,613 1,041,779 1,387,453 1,504,282 1,842,268 2,142,502 09 10 11 12 13 09 10 11 12 13 09 10 11 12 13 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2012 2013 SHARE PERFORMANCE (RM) WARRANT PERFORMANCE (RM) IJM PLANTATIONS BERHAD Annual Report 2013 5
5-YEAR GROUP Plantation Statistics UNIT 2013 2012 2011 2010 2009 ESTATES Oil Palm Area Malaysian Operations Mature (> 20 Years) hectare 2,225 2,938 1,980 705 900 Mature-Prime (8 20 Years) hectare 20,197 19,464 19,694 17,380 14,447 Mature-Young (4 7 Years) hectare 1,619 2,135 2,600 5,505 7,764 Immature (1 3 Years) hectare 1,331 904 925 1,632 2,136 25,372 25,441 25,199 25,222 25,247 Indonesian Operations Mature-Prime (8 20 Years) hectare 732 726 563 Mature-Young (4 7 Years) hectare 3,029 826 Immature (1 3 Years) hectare 23,730 19,768 13,043 5,306 308 27,491 21,320 13,606 5,306 308 Total Planted Area 52,863 46,761 38,805 30,528 25,554 FFB Production Malaysia mt 636,631 648,853 575,210 604,663 600,205 Indonesia mt 55,579 21,980 Total 692,210 670,833 575,210 604,663 600,205 Yield Per Mature Hectare Malaysia mt 26.5 26.4 23.7 25.6 26.0 MILLS FFB Processed Malaysian Operations Own mt 636,631 648,853 575,210 604,663 577,066 Outside mt 172,696 156,846 133,312 152,207 173,526 Total 809,327 805,699 708,522 756,870 750,592 Indonesian Operations Own mt 21,657 Outside mt 41,894 Total 63,551 PK Processed Malaysian Operations Own mt 37,098 37,267 32,909 34,201 29,176 Outside mt 11,530 Total 37,098 37,267 32,909 34,201 40,706 Production Malaysian Operations Crude Palm Oil mt 167,882 166,171 151,096 163,452 157,376 Palm Kernel mt 38,452 37,340 32,574 33,897 35,022 Crude Palm Kernel Oil mt 16,752 16,908 14,941 15,147 17,721 Palm Kernel Expeller mt 17,167 18,509 16,457 17,092 20,922 Indonesian Operations Crude Palm Oil mt 14,272 Palm Kernel mt 2,020 6
UNIT 2013 2012 2011 2010 2009 Extraction Rates Malaysian Operations Oil Extraction Rates % 20.7 20.6 21.3 21.6 21.0 Kernel Extraction Rates % 4.8 4.6 4.6 4.5 4.7 Crude Palm Kernel Oil Extraction Rates % 45.2 45.4 45.4 44.3 43.5 Palm Kernel Expeller Extraction Rates % 46.3 49.7 50.0 50.0 51.4 Indonesian Operations Oil Extraction Rates % 22.5 Kernel Extraction Rates % 3.2 OIL YIELD Malaysian Operations mt/hectare 5.5 5.4 5.1 5.5 5.5 AVERAGE SELLING PRICES Malaysian Operations Crude Palm Oil RM/mt 2,620 3,049 2,760 2,246 2,641 Palm Kernel RM/mt 1,244 1,854 1,927 1,116 1,180 Crude Palm Kernel Oil RM/mt 2,762 4,102 4,259 2,555 3,107 Palm Kernel Expeller RM/mt 429 326 377 195 358 Indonesian Operations Crude Palm Oil RM/mt 2,028 Palm Kernel RM/mt 718 FFB RM/mt 374 468 FINANCIAL RESULTS Revenue RM 000 486,277 590,434 506,284 406,745 491,604 Operating profit RM 000 159,465 216,474 192,746 122,154 161,896 Finance Costs RM 000 (2,852) (1,227) (4,409) (3,741) Associates RM 000 3,389 34 2,596 Jointly Controlled Entities RM 000 (119) (5,147) (274) Profit Before Tax RM 000 156,613 215,247 196,016 112,632 160,477 Taxation RM 000 (38,165) (57,821) (48,822) (32,973) (37,420) Non-Controlling Interests RM 000 1,123 (113) (1) (171) 129 Net Profit RM 000 119,571 157,313 147,193 79,488 123,186 Shareholders Fund RM 000 1,393,363 1,383,861 1,306,017 1,203,927 830,993 Total Assets RM 000 2,142,502 1,842,268 1,504,282 1,387,453 1,041,779 Earnings Per Share Basic sen 14.91 19.62 18.37 11.01 18.33 Earnings Per Share Diluted sen 14.63 19.41 18.22 11.01 18.33 Gross Dividend Per Share sen 10.00 8.00 5.00 8.00 12.00 Net Assets Per Share RM 1.74 1.73 1.63 1.50 1.30 Share Price High RM 3.77 3.42 3.24 3.10 4.00 Low RM 2.75 2.38 2.38 2.47 1.28 Closing RM 3.00 3.30 2.95 2.55 2.09 Warrant 2009/2014 Price High RM 1.15 0.95 1.41 0.80 Low RM 0.75 0.53 0.49 0.32 Closing RM 0.77 0.94 0.85 0.70 Workforce Staff 891 789 740 575 534 Labour 8,106 7,789 5,757 5,190 4,705 IJM PLANTATIONS BERHAD Annual Report 2013 7
STATEMENT OF VALUE ADDED & Distribution 31.3.2013 31.3.2012 RM 000 RM 000 VALUE ADDED + Revenue 486,277 590,434 Purchases of goods & services (187,376) (234,416) Total Value Added 298,901 356,018 DISTRIBUTION To employees Salaries & other staff costs 74,394 67,864 To governments Taxation 38,165 57,821 Sabah sales tax 29,685 38,512 MPOB cess 2,400 2,329 Windfall profit levy 370 1,561 To providers of capital Dividends 80,172 # 64,137 * Finance costs 2,852 1,227 Minority interest (1,123) 113 Retained for future reinvestment & growth Depreciation & amortisation of leasehold land and land use rights 32,587 29,278 Retained profits 39,399 93,176 Total Distribution 298,901 356,078 + Value added is a measure of wealth created. The above statement shows the Group s value added for 2013 and 2012 and its distribution by way of payments to employees, governments and capital providers, with the balance retained in the Group for future reinvestment and growth. 31.3.2013 31.3.2012 RM 000 RM 000 RECONCILIATION Profit for the year 119,571 157,313 Add: Depreciation & amortisation of leasehold land and land use rights 32,587 29,278 Finance costs 2,852 1,227 Staff costs 74,394 67,864 Taxation 38,165 57,821 Sabah sales tax 29,685 38,512 MPOB cess 2,400 2,329 Windfall profit levy 370 1,561 Minority interest (1,123) 113 TOTAL 298,901 356,018 # Interim dividend in respect of financial year ended 31 March 2012 were paid on 3 July 2012. * Interim dividend in respect of financial year ended 31 March 2011 were paid on 11 July 2011. 8
PRODUCTIVITY and Innovations Encompasses activities geared towards enhancing productivity throughout the value-chain to achieve process and performance excellence. The Group embraces continuous improvement which involves innovations in implementing best management practices.
BOARD OF DIRECTORS & Secretary 1 Y. Bhg. Tan Sri Dato Wong See Wah 2 Joseph Tek Choon Yee 3 Purushothaman A/L Kumaran 4 M. Ramachandran A/L V. D. Nair 1 Y. BHG. TAN SRI DATO WONG SEE WAH DSNS, PSM Certificate in Teaching Independent Non-Executive Chairman Y. Bhg. Tan Sri Dato Wong See Wah, born in January 1946, was appointed an Independent Non-Executive Director of IJM Plantations Berhad on 16 August 2006, and Independent Non-Executive Chairman on 28 May 2007. He holds a Certificate in Teaching from the Malayan Teachers College, Pulau Pinang, and started his career in the education arena before devoting to politics in 1982. He was the State Assemblyman for Kuala Klawang Constituency (1982-1986) and Peradong Constituency (1986-1990), Member of Parliament for Rasah Constituency (1990-1999), Deputy Minister in the Prime Minister s Department (1990-1995) and Deputy Minister of the Finance Ministry (1995-1999). He was also the Negeri Sembilan State Government Executive Councillor responsible for the Water and Electricity Supply Portfolios (1982-1990) and the Chief Administrative Director for MCA Headquarters (2001-2005). His directorships in other public companies include Unisem (M) Berhad and Ewein Berhad. JOSEPH TEK CHOON YEE B. Sc. (Hons), MPhil. (Cantab) Chief Executive Officer & Managing Director Securities & Options Committee (Member) Mr Joseph Tek Choon Yee, born in January 1966, was appointed the Chief Executive Officer & Managing Director ( CEO&MD ) of IJM Plantations Berhad ( IJMP ) on 23 May 2010. He graduated with a Bachelor of Science (First Class Honours) degree from Universiti Kebangsaan Malaysia. He was a Commonwealth ODASS/Sime Darby scholar and obtained his Master s in Philosophy (Plant Breeding) from Cambridge University, England. He also attended the ASEAN Senior Management Development Programme organised by Harvard Business School Alumni Club of Malaysia. He joined IJMP in September 2004 to head the research, training and development activities of the Group, and was appointed an Alternate Director on 22 May 2008 and Executive Director on 19 October 2008 besides being the General Manager Plantations (Sabah). He was then redesignated to the position of Chief Operating Officer & Executive Director on 18 May 2009, prior to his appointment as CEO&MD of IJMP. Prior to joining IJMP, he was with Sime Darby Plantations Sdn Bhd as Plant Breeder in Ebor Research (1991-1997), R&D Manager (1997-2000) and later Manager-Agritech Business (2000-2001) with Sime Aerogreen Sdn Bhd and Sime Gardentech Sdn Bhd. His last position was Head of R&D with Malaysian Palm Oil Association ( MPOA ) (2001-2004). He is currently a member of the Programme Advisory Committee ( PAC ) of the Malaysian Palm Oil Board ( MPOB ) (2011-2013) and a Council Member of the Malaysian Estate Owners Association ( MEOA ) since 2009. He was also a Council Member of the Malaysian Oil Scientists and Technologists Association ( MOSTA ) (2006-2007), a member of the Criteria Working Group for the Roundtable on Sustainable Palm Oil ( RSPO ) (2005-2006) and Vice-Chairman of the MPOA Environment Working Committee (2004-2005). 10
PURUSHOTHAMAN A/L KUMARAN B.Acc. (Hons), CA, MBA Chief Financial Officer & Executive Director Mr Purushothaman A/L Kumaran, born in October 1961, was appointed the Chief Financial Officer & Executive Director ( CFO&ED ) of IJM Plantations Berhad ( IJMP ) on 23 May 2010. 2 He graduated with a Bachelor of Accounting (Honours) degree from University of Malaya in 1985 and holds a Master s degree in Business Administration from Anglia Polytechnic University, Cambridge, England. He is a member of Malaysian Institute of Accountants. He joined IJMP as Financial Controller on 1 January 2004. He was redesignated to General Manager Corporate Affairs & Finance on 1 January 2007, prior to his appointment as CFO&ED. Prior to joining IJMP, he was with Unilever Group for over 14 years, serving various finance and commercial positions in Malaysia, England and Indonesia. His last post was as Commercial Director of its plantation operations in Malaysia. 3 4 M. RAMACHANDRAN A/L V. D. NAIR FMIM, FMOSTA, FISP, FBIM, B. Agri. Sc. (Econs) Senior Independent Non-Executive Director Audit Committee (Member), Nomination & Remuneration Committee (Chairman), Securities & Options Committee (Chairman) Mr M. Ramachandran A/L V. D. Nair, born in September 1938, was appointed an Independent Non-Executive Director of IJM Plantations Berhad on 28 May 2007. He obtained a degree in Agricultural Economics and Technology from the University of Adelaide, Australia in 1960. He joined Socfin Group in 1962 after a short stint with Harrisons & Crossfield. He retired in 1996 as Director and Head of Plantations of Socfin Company Berhad. He worked for Tanjong PLC as a Managing Consultant in 1998. In 1999, he was the Project Manager appointed by plantation companies to spearhead the formation of the Malaysian Palm Oil Association and served as its Chief Executive from January 2000 till April 2005. He has served various commodity based bodies which were essential to the overall well being of the plantation industry in Malaysia. He played a key role in the formation of the global multi-stakeholder platform, Roundtable on Sustainable Palm Oil ( RSPO ) in 2004 and is an Honorary Member and Advisor to RSPO s Executive Board. He is also a Director of Incorporated Society of Planters, ISP Management Sdn Bhd, Saraya Hygiene Malaysia Sdn Bhd and a member of the Board of Commissioners of PT Agro Indomas, Indonesia (a Carson Cumberbatch Company). He serves on the Board of Governors of the International School of Penang (Uplands) and as a Trustee of the Malaysian Estate Staff Provident Fund. IJM PLANTATIONS BERHAD Annual Report 2013 11
BOARD OF DIRECTORS & Secretary (cont d) 5 Pushpanathan A/L S. A. Kanagarayar 6 Y. Bhg. Tan Sri Dato Tan Boon Seng @ Krishnan 7 Y. Bhg. Dato Teh Kean Ming 8 Ng Yoke Kian 5 PUSHPANATHAN A/L S. A. KANAGARAYAR CA (Scotland), CPA(M), CA(M) Independent Non-Executive Director Audit Committee (Chairman), Nomination & Remuneration Committee (Member) Mr Pushpanathan A/L S. A. Kanagarayar, born in December 1951, was appointed an Independent Non-Executive Director of IJM Plantations Berhad on 12 November 2012. He is a member of the Institute of Chartered Accountants of Scotland, the Malaysian Institute of Certified Public Accountants ( MICPA ) and the Malaysian Institute of Accountants ( MIA ). He retired as a partner of Ernst & Young on 31 December 2009. He has more than 39 years of experience in providing advisory, accounting and audit services in the role of a partner-adviser for a large number of clients based in Malaysia and internationally (both private and public corporations) in a variety of industries. He was also involved in share valuations of corporations, mergers and acquisitions, restructurings, takeovers, floatations, investigations and tax planning. He is currently the Foundation Secretary of the Financial Reporting Foundation, Board Member of the Malaysian Accounting Standards Board and member of the Listing Committee of Bursa Malaysia. He is also the President of MICPA as well as a Council Member of MIA, and serves on various Technical Committees of MICPA and MIA. His directorships in other public companies include IJM Corporation Berhad, CIMB Aviva Assurance Berhad, CIMB Aviva Takaful Berhad, MICPA, Malaysian Community Education Foundation and Sutra Foundation. Y. BHG. TAN SRI DATO TAN BOON SENG @ KRISHNAN PSM, DSPN, SMS B. Econs (Hons), CPA(M), MBA Non-Executive Director Y. Bhg. Tan Sri Dato Tan Boon Seng @ Krishnan, born in December 1952, was appointed Director on 7 December 1993. He qualified as a Certified Public Accountant in 1978 after graduating with a Bachelor of Economics (Honours) degree from the University of Malaya in 1975. He also holds a Master s degree in Business Administration from the Golden Gate University, San Francisco, USA. He was the Group Financial Controller of Kumpulan Perangsang Selangor Berhad prior to joining IJM Corporation Berhad ( IJM ) as Financial Controller in 1983. He was appointed an Alternate Director of IJM on 12 June 1984, Director on 10 April 1990 and Deputy Group Managing Director on 1 November 1993. He was then appointed Group Managing Director on 1 January 1997 and was redesignated Chief Executive Officer & Managing Director ( CEO&MD ) on 26 February 2004. He stepped down as the CEO&MD of IJM on 31 December 2010 and was appointed Executive Deputy Chairman on 1 January 2011. His directorships in other public companies include IJM, IJM Land Berhad (Chairman), Malaysian Airline System Berhad, Malaysian Community & Education Foundation and Grupo Concesionario del Oeste S.A., Argentina. He is a member of the Board of Governors of Malaysia Property Incorporated ( MPI ). He also serves as a Trustee of Perdana Leadership Foundation. He is actively involved in the promotion of Malaysia India business ties and is currently the President of the Malaysia-India Business Council ( MIBC ) and Chairman of the Malaysia India CEO Forum. 12
Y. BHG. DATO TEH KEAN MING DSPN, PKT B.E (Civil), P.Eng., MIEM Non-Executive Director Audit Committee (Member), Nomination & Remuneration Committee (Member), Securities & Options Committee (Member) Y. Bhg. Dato Teh Kean Ming, born in April 1955, was appointed a Non-Executive Director of IJM Plantations Berhad on 9 July 2009. He graduated with a Bachelor of Engineering degree from University of New South Wales, Australia in 1981. 6 7 He was a Resident Civil & Structural Engineer of Dayabumi Phase 3 Project (1981-1983) and Menara Maybank (1983-1987) and Area Engineer of Antah Biwater J.V. Sdn Bhd (1987-1989) prior to joining IJM Construction Sdn Bhd as Project Manager (1989-1993), Senior Manager (Project) (1994-1997) and Project Director (1998-2001). He was the head of the Property Division of IJM Corporation Berhad ( IJM ) from 2001 to 2008. He was also the Group General Manager of IJM from 1 April 2001 to 31 December 2004 and Managing Director of IJM Properties Sdn Bhd from 1 January 2005 to 10 June 2009. He joined the Board of IJM as an Alternate Director on 1 September 2005 and was the Deputy Chief Executive Officer & Deputy Managing Director of IJM from 1 July 2008 to 31 December 2010. He was then appointed Chief Executive Officer & Managing Director of IJM on 1 January 2011. His directorships in other public companies include IJM, IJM Land Berhad, Scomi Group Bhd, Road Builder (M) Holdings Bhd and ERMS Berhad. NG YOKE KIAN ACIS Company Secretary Ms Ng Yoke Kian, born in August 1967, was appointed Company Secretary on 6 April 2012. She is also the Company Secretary of IJM Corporation Berhad ( IJM ) and IJM Land Berhad. She is an Associate of Malaysian Institute of Chartered Secretaries & Administrators ( MAICSA ). 8 She started her career with a secretarial firm for about 5 years and was an Assistant Manager of the Technical and Research Department of MAICSA prior to joining IJM. She has more than 20 years experience in corporate secretarial work. Note: 1. There are no family relationship between the Directors and/or major shareholders of the Company. 2. All Directors are Malaysians except for M. Ramachandran A/L V. D. Nair who is a Singaporean/Permanent Resident of Malaysia. 3. None of the Directors have any conflict of interest with the Company. 4. All Directors maintain a clean record with regard to convictions for offences. IJM PLANTATIONS BERHAD Annual Report 2013 13
IJMP In the Headlines 14
CARE FOR environment Focuses on green endeavours pursued in the Group. This include specific and pertinent initiatives which promotes conservation, biodiversity enhancement and protection of the environment. Engagements with relevant stakeholders are carried out with the interest of creating awareness, education and strengthening dialogue.
SENIOR Management 1 2 1 Velayuthan A/L Tan Kim Song 2 Joseph Tek Choon Yee 3 Purushothaman A/L Kumaran 3 VELAYUTHAN A/L TAN KIM SONG M.MIN, D.DIV (India & USA) Chief Executive Officer (Indonesia) Mr Velayuthan A/L Tan Kim Song, born in 1954, he was appointed the Chief Executive Officer for the Group s Indonesian operations on 1 June 2010. He obtained a Diploma in Management from the Malaysian Institute of Management in 1985. He was with Multi- Purpose Holdings Berhad for five (5) years before joining IJM Corporation Berhad in 1985 as their Project Officer to initiate their plantation business in Sandakan, Sabah. He was appointed Group General Manager of IJMP in 1994 before being appointed Executive Director in 1997 and Managing Director in 2003. He was redesignated the Chief Executive Officer & Managing Director in 2004 until he stepped down from the Board on 22 May 2010. He also served as Group Executive Director of IJM Corporation Berhad from 2001 to 2003. He was conferred with an Honorary Fellowship of the Malaysian Oil Scientists & Technologists Association ( MOSTA ) in June 2010 and also Sabah Sports Laureate (Tokoh Sukan) in 2010. He was a Council Member of the Malaysian Estate Owners Association ( MEOA ) for the term 2010/2011. He was also a Council Member of Malaysian Palm Oil Association ( MPOA ) and alternate Board Member on the Malaysian Palm Oil Board ( MPOB ). He is the President of the Sabah Rugby Union since 2002 and Founding President of Sandakan Rugby Club. P. K. VENUGOPAL B. Sc Botany (India) Country Estates Director (Indonesia) Mr P. K. Venugopal, born in 1954, he was appointed the Country Estates Director (Indonesia) on 1 May 2011. He holds a Bachelor of Science (Botany) degree from the University of Madras, India. He is a planter with wide experience in the industry. He spent seventeen (17) years in KL Kepong Berhad holding various positions from Cadet Assistant to Manager (1979-1995) before joining Lai Fook Kim Corporation Sdn Bhd as General Manager Plantations (1995-2001). He joined IJMP in 2002 to be responsible for IJM Agri Services Sdn Bhd, that provides management and advisory services to third party clients. He was promoted to General Manager Plantations (Indonesia) in 2007 before assuming his current position. NG CHUNG YIN B. Sc. Horticulture (Taiwan) Group Planting Advisor Mr Ng Chung Yin, born in 1957, was appointed the Group Planting Advisor on 1 January 2007. He obtained his Bachelor of Science (Horticulture) degree from the Chinese Culture University in Taiwan. He started his career in the plantation industry in 1983 with Kong Borneo Development Company Sdn Bhd in Sandakan. He joined IJMP in 1989 as Assistant Manager and was subsequently promoted to Senior Assistant Manager in 1991, Divisional Manager in 1993, Plantation Manager/ Regional Manager in 1997, Plantation Controller in 1999 and Senior Plantation Controller in 2004 before assuming his current position. 16
4 5 6 4 P. K. Venugopal 5 Ng Chung Yin 6 Madusoodanan A/L K. A. Nair 7 Francis Chai Min Fah 8 Sandra Segran A/L Kenganathan 7 8 MADUSOODANAN A/L K. A. NAIR B. Sc Engineering (Hons), MBA Head of Engineering Mr Madusoodanan A/L K. A. Nair, born in 1952, he joined IJMP to head the Engineering Department in August 2008. He graduated with a Bachelor of Science (Mechanical Engineering) First Class Honours degree from University of Calicut, India. He is a competent First Grade Steam Engineer and has successfully completed the Management Training Programme of the MOPGC in 1981. He holds a Master s degree in Business Administration from the University of Leicester, United Kingdom. He has also obtained the Engineering Council Exams Part 1 of the Institution of Mechanical Engineers UK. He started his career in the plantation industry with United Plantations Bhd ( UP ) in May 1977. After serving UP for 25 years he joined PT SMART Tbk (Sinarmas Agribusiness Division) in May 2003 as a Production Controller and served in North Sumatra and South Kalimantan regions for 5 years. He is a Member of the Institution of Mechanical Engineers India (1986) and Institution of Certified Engineers Malaysia (1989). He is also a Member of Malaysian Oils and Scientists Technologists Association ( MOSTA ) (1985). FRANCIS CHAI MIN FAH Dip. In Agriculture General Manager Agri Services Mr Francis Chai Min Fah, born in 1955, he is the General Manager Agri Services. He holds a Diploma in Agriculture from Universiti Pertanian Malaysia. He started his career as a planter with Harrisons & Crossfields in 1978. He joined IJMP in 1996 as Head of Plantation Management Services after working with KPD Holdings Sdn Bhd (1988-1996) where his last position was as its Regional Manager. He left IJMP in 2001 to join MHC Plantations Bhd as its General Manager. He returned to IJMP in 2007 to assume his current position. He took additional resposibility as Director of Godrej IJM Palm Oil Ltd, India between 2009 to 2010, and from 2010 as General Manager of PT Prima Alumga. SANDRA SEGRAN A/L KENGANATHAN AISP General Manager Plantations (Indonesia) Mr Sandra Segran A/L Kenganathan, born in 1961, was appointed the General Manager Plantations (Indonesia) in 2012. He holds a Diploma awarded by the Incorporated Society of Planters. He started his career in the plantation industry as a cadet planter in 1980 with Pamol Plantations. He served various capacities in that company for twenty six (26) years where he accumulated experiences in managing the entire supply chain of oil palm cultivation. He joined IJMP in 2006 as Senior Plantation Manager in the Group s Malaysian operations. He was transferred to Indonesia in 2007 to pioneer the Group s expansion project there. He was promoted to Plantation Controller in 2008 before assuming his current position. GROUP Support Services IJM PLANTATIONS BERHAD Annual Report 2013 17
APR 12 1 Stakeholder engagement with members of the public interested in sustainability initiatives. MAY 12 2 Enhancement of mechanisation in the operations introduction of motorised wheel barrow for crop evacuation. JUN 12 3 IJM High Performance Culture (HPC) core values workshops were conducted in all operating units. PRODUCTIVITY AND INNOVATIONS 4 Stakeholder engagement Visit by Mr Andrew Fairley, the Chairman of Zoo Victoria, Melbourne. 7 First palm oil mill in Indonesia was successfully commissioned. JAN 13 AUG 12 8 IJMP s planting material promotional 5 The Group hosted the MOSTA talk for smallholders at Meliau estate. Seminar s field outing at Quality, FY2013 Training and Research Centre (QTRC). 9 Innovation and Research Plant OCT 12 biotechnology collaboration with 6 MPOB Code of Practices (CoPs) surveillance and re-certification audits. Genting Group s ACGT. 10 Annual FFB Quality Day at mills to enhance crop quality. 1 2 3 KEY EVENTS 1 2 3 4 8 9 10 18
4 5 6 7 8 9 10 FY2013 5 6 7 CARE FOR ENVIRONMENT JUL 12 1 IJMP hosted the Environment Educational Race participated by teachers and staff from Forestry Department. OCT 12 2 Participation in the annual Borneo Bird Festival held at Kinabalu Park. NOV 12 3 Environmental Impact Assessment monitoring audits for replanting programme at Desa Talisai estates. 4 Fauna survey at areas adjacent to Sungai Sabang estate. MAR 13 5 Bird survey at Minat Teguh estate. 6 Wildlife conservation awareness talk for students in Kampung Simpangan, Paitan, in collaboration with a NGO. FY2013 7 Maintenance and flora enhancement at Hundred-Acre Wood. 8 Greening Saturday a quarterly recycling activity participated by staff. 9 R&D department continued to closely monitor and enhance integrated pest management practices. 10 1 Planting of indigenous tree species in Meliau estate. IJM PLANTATIONS BERHAD Annual Report 2013 19
MAY 12 1 Family Day organised as part of Labour Day Celebration. 2 Pesta Kaamatan Celebration in Sugut region. JUN 12 3 9th IJM Games held at Lumut, Perak. JUL 12 4 New polyclinic in Excellent Challenger II estate. 5 IJMP Staff Dinner 2012 & Presentation of Excellence Awards. INVESTOR IN PEOPLE AUG 12 6 OSHA Awareness Month Knowing More for Accident Prevention was held throughout the month of August with series of safety and health related activities. FY2012 7 Staff participated in gotong-royong activities. 8 Technical and soft skills training for all categories of employees. MAR 13 9 Conversational English classes for office staff. APR 13 10 1 IJMP HPC Futsal Tournament 2013 was held to promote esprit-de-corps among staff. 1 2 3 KEY EVENTS 1 2 3 7 8 9 20