FGV HOLDINGS BERHAD

FGV
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FGV Berhad : 3Q FY2021 Quarterly Results Briefing

11/30/2021 | 05:51am

FGV HOLDINGS BERHAD

FINANCIAL RESULTS BRIEFING 3rd Quarter FY2021

1 December 2021

DISCLAIMER

These materials have been prepared by FGV Holdings Berhad ("FGV" 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 operate 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.

2

TODAY'S AGENDA

Executive Summary

01

3Q FY2021 Results

02

Sustainability & Business

03

Updates

3

EXECUTIVE SUMMARY

• The Palm Oil industry continues to face productivity issues due to acute labour shortage and intermittent pandemic-related operational disruption. National CPO production to date is about 9% below last year with palm oils stockpile settling around 1.8 mn MT only, thus maintaining the CPO spot price at above RM5,000/MT.

  • In line with the recent announcement by the government to bring in 32,000 foreign workers, we expect productivity improvement starting from 2Q FY2022. Our current foreign workers coverage stands at 70% of the full requirement.
  • Our vaccination programme for foreign workers is moving as planned and full completion of 2 doses for all workers is expected very soon.
  • Despite those challenges, FGV posted strong YTD operating profit driven by higher palm products' margins, higher gross profit margin in Sugar and better operating profit from Logistics.
  • FGV reinforces its commitment towards sustainability agenda, environmental protection and climate action. This is reflected in our commitment to adopt science-based target to become a net-zero business by 2050. FGV is the first food and agribusiness organisation in Malaysia to formalise such commitment.
  • Overall in 3Q FY2021, FGV recorded PATAMI of RM399 mn, almost a three-fold increase from RM137

mn recorded last year. For the 9M FY2021, FGV PATAMI improved significantly to RM703 mn from

RM15 mn last year.

4

TODAY'S AGENDA

Executive Summary

01

02

3Q FY2021 Results

Sustainability & Business

03

Updates

5

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FGV Holdings Bhd published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 10:50:05 UTC.

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