SIPEF

Investor Presentation • Oct 21, 2021

Group production - (in tonnes)

September 2021

			2021					2020			YoY Variation
Fresh fruit bunches produced	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	66 639	78 341	85 509		230 489	68 301	71 723	89 484		229 508	-4,44%	0,43%
Umbul Mas Wisesa Group	53 244	57 090	64 402		174 736	44 038	52 346	65 546		161 930	-1,75%	7,91%
Agro Muko Group	95 628	104 672	109 339		309 640	85 147	96 387	91 513		273 047	19,48%	13,40%
South Sumatra Group	23 352	24 656	24 857		72 865	16 580	14 823	19 173		50 577	29,64%	44,07%
Hargy Oil Palms	90 303	92 505	87 217		270 025	66 584	65 825	59 463		191 872	46,67%	40,73%
Total own	329 167	357 264	371 324		0 1 057 755	280 650	301 105	325 179	0	906 934	14,19%	16,63%
Outgrowers
Tolan Tiga Group	1 199	1 463	2 320		4 982	210	465	797		1 472	191,08%	238,45%
Umbul Mas Wisesa Group	159	243	306		708	155	389	601		1 145	-49,04%	-38,17%
Agro Muko Group	4 427	4 892	4 882		14 201	3 968	4 248	4 019		12 235	21,47%	16,07%
South Sumatra Group	2 666	3 334	4 058		10 058	1 583	1 525	2 512		5 620	61,55%	78,97%
Hargy Oil Palms	58 191	61 709	52 753		172 653	59 419	58 039	45 516		162 974	15,90%	5,94%
Total outgrowers	66 642	71 640	64 319	0	202 602	65 335	64 666	53 445	0	183 446	20,35%	10,44%
Total FFB produced	395 809	428 905	435 643		0 1 260 357	345 985	365 770	378 625		0 1 090 380	15,06%	15,59%
Fresh fruit bunches sold	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Tolan Tiga Group	318	473	826		1 616	0	0	2		2	41186,25%	80715,00%
Umbul Mas Wisesa Group	9 941	9 960	11 101		31 002	10 020	10 602	12 076		32 698	-8,07%	-5,19%
Agro Muko Group	917	688	1 510		3 114	485	469	158		1 112	857,99%	180,04%
South Sumatra Group	584	1 373	1 794		3 751	0	872	0		872	-	329,96%
Total FFB sold	11 760	12 494	15 230	0	39 484	10 505	11 943	12 236	0	34 684	24,48%	13,84%
Fresh fruit bunches processed	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Tolan Tiga Group	67 520	79 332	87 004		233 856	68 511	72 188	90 279		230 978	-3,63%	1,25%
Umbul Mas Wisesa Group	43 462	47 372	53 607		144 442	34 172	42 134	54 071		130 377	-0,86%	10,79%
Agro Muko Group	99 139	108 877	112 712		320 727	88 630	100 166	95 374		284 170	18,18%	12,86%
South Sumatra Group	25 434	26 617	27 121		79 172	18 163	15 476	21 685		55 325	25,07%	43,10%
Hargy Oil Palms	148 494	154 214	139 970		442 678	126 003	123 864	104 979		354 846	33,33%	24,75%
Total FFB processed	384 050	416 411	420 414		0 1 220 874	335 480	353 827	366 389		0 1 055 696	14,75%	15,65%
PO extraction rate	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Tolan Tiga Group	22,5%	22,9%	22,6%		22,7%	22,6%	22,6%	22,4%		22,5%	0,55%	0,47%
Umbul Mas Wisesa Group	23,7%	23,7%	23,1%		23,5%	23,5%	22,9%	23,0%		23,1%	0,34%	1,62%
Agro Muko Group	23,2%	23,3%	22,9%		23,1%	23,8%	23,5%	22,8%		23,3%	0,41%	-1,01%
South Sumatra Group	21,4%	22,6%	22,4%		22,1%	22,5%	21,8%	20,1%		21,4%	10,98%	3,56%
Hargy Oil Palms	25,4%	25,5%	25,8%		25,6%	23,7%	25,0%	24,6%		24,4%	4,92%	4,64%
Total PO extraction rate	23,9%	24,0%	23,8%	0,0%	23,9%	23,4%	23,7%	23,1%	0,0%	23,4%	2,96%	2,10%
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	15 004	17 907	19 289		52 199	15 467	16 187	20 086		51 740	-3,97%	0,89%
Umbul Mas Wisesa Group	10 301	11 188	12 383		33 872	7 985	9 608	12 428		30 021	-0,36%	12,83%
Agro Muko Group	21 968	24 256	24 699		70 923	20 148	22 482	20 910		63 540	18,12%	11,62%
South Sumatra Group	4 904	5 269	5 202		15 375	3 734	3 030	3 888		10 652	33,81%	44,34%
Hargy Oil Palms	23 045	23 692	22 567		69 304	15 809	16 444	14 699		46 952	53,53%	47,61%
Total own	75 222	82 312	84 139	0	241 673	63 142	67 752	72 011	0	202 905	16,84%	19,11%
Outgrowers
Tolan Tiga Group	199	230	348		777	49	109	179		337	94,28%	130,45%
Umbul Mas Wisesa Group	15	23	15		53	36	40	35		111	-57,30%	-52,61%
Agro Muko Group	984	1 081	1 099		3 164	927	1 013	831		2 771	32,26%	14,18%
South Sumatra Group	549	734	861		2 144	348	341	480		1 169	79,28%	83,40%
Hargy Oil Palms	14 664	15 639	13 555		43 858	14 032	14 579	11 123		39 734	21,86%	10,38%
Total outgrowers	16 411	17 707	15 877	0	49 995	15 391	16 083	12 648	0	44 122	25,53%	13,31%
Total Palm Oil	91 632	100 019	100 017	0	291 668	78 533	83 835	84 659	0	247 027	18,14%	18,07%

Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	3 665	4 118	4 689		12 472	3 795	3 697	4 918		12 410	-4,66%	0,50%
Umbul Mas Wisesa Group	1 754	1 917	2 153		5 824	1 373	1 596	2 309		5 278	-6,75%	10,34%
Agro Muko Group	4 342	4 640	4 711		13 693	3 817	4 741	4 481		13 039	5,12%	5,02%
South Sumatra Group	902	757	710		2 369	651	544	720		1 915	-1,38%	23,71%
Total own	10 663	11 433	12 262	0	34 358	9 636	10 578	12 428	0	32 642	-1,33%	5,26%
Outgrowers
Tolan Tiga Group	41	45	74		160	10	23	37		70	100,43%	128,57%
Umbul Mas Wisesa Group	3	3	3		9	6	7	6		19	-50,00%	-51,39%
Agro Muko Group	193	207	204		604	171	218	153		542	33,34%	11,44%
South Sumatra Group	98	101	111		310	59	63	82		204	35,65%	51,96%
Total outgrowers	335	356	392	0	1 083	246	311	278	0	835	41,15%	29,73%
Total Palm Kernels	10 998	11 788	12 655	0	35 441	9 881	10 890	12 706	0	33 477	-0,40%	5,87%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Hargy Oil Palms Own	1 809	1 935	1 742		5 485	1 302	1 387	1 103		3 792	57,89%	44,66%
Hargy Oil Palms Outgrowers	1 188	1 318	1 082		3 588	1 158	1 129	880		3 167	22,94%	13,30%
Total Palm Kernel Oil	2 997	3 253	2 823	0	9 074	2 460	2 516	1 983	0	6 959	42,38%	30,39%
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	187	98	173		458	173	97	337		607	-48,66%	-24,55%
Melania*	908	278	0		1 186	746	837	508		2 091	-100,00%	-43,28%
Agro Muko	399	366	340		1 105	498	436	325		1 259	4,62%	-12,23%
Total own	1 495	741	513	0	2 749	1 417	1 370	1 170	0	3 957	-56,15%	-30,53%
Outgrowers
Tolan Tiga Group	152	67	219		438	204	55	192		451	14,06%	-2,88%
Total Rubber	1 647	808	732	0	3 187	1 621	1 425	1 362	0	4 408	-46,26%	-27,70%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Melania - Own*	647	182	0		829	810	668	500		1 978	-100,00%	-58,09%
Melania - Outgrowers*	91	45	0		136	0	0	19		19	-100,00%	615,79%
Total Tea	738	227	0	0	965	810	668	519	0	1 997	-100,00%	-51,68%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Azaguie 1	1 637	1 081	1 257		3 975	1 751	919	1 278		3 948	-1,64%	0,68%
Azaguie 2	1 971	1 945	1 687		5 603	2 216	2 111	2 126		6 453	-20,65%	-13,17%
Agboville	2 971	1 984	2 180		7 135	2 785	1 767	1 956		6 508	11,45%	9,63%
Motobe	2 870	2 194	2 279		7 343	2 266	2 354	2 276		6 896	0,13%	6,48%
Total Bananas	9 449	7 204	7 403	0	24 056	9 019	7 150	7 636	0	23 805	-3,05%	1,05%

* PT Melania rubber and tea productions have only been included for 4 months due to sale of PT Melania per 30/04.

Commodity Price Data

September 2021

Average market prices
Product		YTD Q3/2021	YTD Q3/2020	YTD Q4/2020
CPO (CIF Rotterdam)*	in \$/mt	1 143	666	715
CPKO (CIF Rotterdam)*	in \$/mt	1 389	750	826
RSS3 (FOB Singapore)**	in \$/mt	2 126	1 547	1 728
Tea (avg auct Mombasa)**	in \$/mt	1 982	2 017	2 004
Bananas (CFR Europe)***	in €/mt	618	643	628

* Oil World price data

** World bank commodity price data - updated database

*** CIRAD price data (in EUR)

Bananas CFR Europe in €/mt