SIPEF

Earnings Release • Apr 22, 2021

Group production - (in tonnes)

March 2021

		2021				2020				YoY Variation
Fresh fruit bunches produced	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	66 639	0	0	0	66 639	68 301	0	0	0	68 301	-2,43%	-2,43%
Umbul Mas Wisesa Group	53 244	0	0	0	53 244	44 038	0	0	0	44 038	20,91%	20,91%
Agro Muko Group	95 628	0	0	0	95 628	85 147	0	0	0	85 147	12,31%	12,31%
South Sumatra Group	23 352	0	0	0	23 352	16 580	0	0	0	16 580	40,84%	40,84%
Hargy Oil Palms	90 303	0	0	0	90 303	66 584	0	0	0	66 584	35,62%	35,62%
Total own	329 167	0	0	0	329 167	280 650	0	0	0	280 650	17,29%	17,29%
Outgrowers
Tolan Tiga Group	1 199	0	0	0	1 199	210	0	0	0	210	470,95%	470,95%
Umbul Mas Wisesa Group	159	0	0	0	159	155	0	0	0	155	2,58%	2,58%
Agro Muko Group	4 427	0	0	0	4 427	3 968	0	0	0	3 968	11,57%	11,57%
South Sumatra Group	2 666	0	0	0	2 666	1 583	0	0	0	1 583	68,44%	68,44%
Hargy Oil Palms	58 191	0	0	0	58 191	59 419	0	0	0	59 419	-2,07%	-2,07%
Total outgrowers	66 642	0	0	0	66 642	65 335	0	0	0	65 335	2,00%	2,00%
Total FFB produced	395 809	0	0	0	395 809	345 985	0	0	0	345 985	14,40%	14,40%
Fresh fruit bunches sold	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group	318	0	0	0	318	0	0	0	0	0	-	-
Umbul Mas Wisesa Group	9 941	0	0	0	9 941	10 020	0	0	0	10 020	-0,79%	-0,79%
Agro Muko Group	917	0	0	0	917	485	0	0	0	485	88,98%	88,98%
South Sumatra Group	584	0	0	0	584	0	0	0	0	0	-	-
Total FFB sold	11 760	0	0	0	11 760	10 505	0	0	0	10 505	11,94%	11,94%
Fresh fruit bunches processed	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group	67 520	0	0	0	67 520	68 511	0	0	0	68 511	-1,45%	-1,45%
Umbul Mas Wisesa Group	43 462	0	0	0	43 462	34 172	0	0	0	34 172	27,19%	27,19%
Agro Muko Group	99 139	0	0	0	99 139	88 630	0	0	0	88 630	11,86%	11,86%
South Sumatra Group	25 434	0	0	0	25 434	18 163	0	0	0	18 163	40,03%	40,03%
Hargy Oil Palms	148 494	0	0	0	148 494	126 003	0	0	0	126 003	17,85%	17,85%
Total FFB processed	384 050	0	0	0	384 050	335 480	0	0	0	335 480	14,48%	14,48%
PO extraction rate	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group Umbul Mas Wisesa Group	22,5% 23,7%	0,0% 0,0%	0,0% 0,0%	0,0% 0,0%	22,5% 23,7%	22,6% 23,5%	0,0% 0,0%	0,0% 0,0%	0,0% 0,0%	22,6% 23,5%	-0,58% 1,13%	-0,58% 1,13%
Agro Muko Group	23,2%	0,0%	0,0%	0,0%	23,2%	23,8%	0,0%	0,0%	0,0%	23,8%	-2,64%	-2,64%
South Sumatra Group	21,4%	0,0%	0,0%	0,0%	21,4%	22,5%	0,0%	0,0%	0,0%	22,5%	-4,59%	-4,59%
Hargy Oil Palms	25,4%	0,0%	0,0%	0,0%	25,4%	23,7%	0,0%	0,0%	0,0%	23,7%	7,23%	7,23%
Total PO extraction rate	23,9%	0,0%	0,0%	0,0%	23,9%	23,4%	0,0%	0,0%	0,0%	23,4%	1,92%	1,92%
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	15 004	0	0	0	15 004	15 467	0	0	0	15 467	-2,99%	-2,99%
Umbul Mas Wisesa Group	10 301	0	0	0	10 301	7 985	0	0	0	7 985	29,01%	29,01%
Agro Muko Group	21 968	0	0	0	21 968	20 148	0	0	0	20 148	9,04%	9,04%
South Sumatra Group	4 904	0	0	0	4 904	3 734	0	0	0	3 734	31,35%	31,35%
Hargy Oil Palms	23 045	0	0	0	23 045	15 809	0	0	0	15 809	45,77%	45,77%
Total own	75 222	0	0	0	75 222	63 142	0	0	0	63 142	19,13%	19,13%
Outgrowers
Tolan Tiga Group	199	0	0	0	199	49	0	0	0	49	308,56%	308,56%
Umbul Mas Wisesa Group	15	0	0	0	15	36	0	0	0	36	-57,82%	-57,82%
Agro Muko Group	984	0	0	0	984	927	0	0	0	927	6,13%	6,13%
South Sumatra Group	549	0	0	0	549	348	0	0	0	348	57,90%	57,90%
Hargy Oil Palms	14 664	0	0	0	14 664	14 032	0	0	0	14 032	4,50%	4,50%
Total outgrowers	16 411	0	0	0	16 411	15 391	0	0	0	15 391	6,62%	6,62%
Total Palm Oil	91 632	0	0	0	91 632	78 533	0	0	0	78 533	16,68%	16,68%

Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	3 665	0	0	0	3 665	3 795	0	0	0	3 795	-3,42%	-3,42%
Umbul Mas Wisesa Group	1 754	0	0	0	1 754	1 373	0	0	0	1 373	27,76%	27,76%
Agro Muko Group	4 342	0	0	0	4 342	3 817	0	0	0	3 817	13,75%	13,75%
South Sumatra Group	902	0	0	0	902	651	0	0	0	651	38,59%	38,59%
Total own	10 663	0	0	0	10 663	9 636	0	0	0	9 636	10,66%	10,66%
Outgrowers
Tolan Tiga Group	41	0	0	0	41	10	0	0	0	10	300,69%	300,69%
Umbul Mas Wisesa Group	3	0	0	0	3	6	0	0	0	6	-49,45%	-49,45%
Agro Muko Group	193	0	0	0	193	171	0	0	0	171	13,03%	13,03%
South Sumatra Group	98	0	0	0	98	59	0	0	0	59	67,16%	67,16%
Total outgrowers	335	0	0	0	335	246	0	0	0	246	36,43%	36,43%
Total Palm Kernels	10 998	0	0	0	10 998	9 881	0	0	0	9 881	11,30%	11,30%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Hargy Oil Palms Own	1 809	0	0	0	1 809	1 302	0	0	0	1 302	38,94%	38,94%
Hargy Oil Palms Outgrowers	1 188	0	0	0	1 188	1 158	0	0	0	1 158	2,59%	2,59%
Total Palm Kernel Oil	2 997	0	0	0	2 997	2 460	0	0	0	2 460	21,83%	21,83%
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	187	0	0	0	187	173	0	0	0	173	8,09%	8,09%
Melania	908	0	0	0	908	746	0	0	0	746	21,77%	21,77%
Agro Muko	399	0	0	0	399	498	0	0	0	498	-19,80%	-19,80%
Total own	1 495	0	0	0	1 495	1 417	0	0	0	1 417	5,49%	5,49%
Outgrowers
Tolan Tiga Group	152	0	0	0	152	204	0	0	0	204	-25,49%	-25,49%
Total Rubber	1 647	0	0	0	1 647	1 621	0	0	0	1 621	1,59%	1,59%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Melania - Own	647	0	0	0	647	810	0	0	0	810	-20,12%	-20,12%
Melania - Outgrowers	91	0	0	0	91	0	0	0	0	0	-	-
Total Tea	738	0	0	0	738	810	0	0	0	810	-8,89%	-8,89%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Azaguie 1	1 637	0	0	0	1 637	1 751	0	0	0	1 751	-6,53%	-6,53%
Azaguie 2	1 971	0	0	0	1 971	2 216	0	0	0	2 216	-11,06%	-11,06%
Agboville	2 971	0	0	0	2 971	2 785	0	0	0	2 785	6,66%	6,66%
Motobe	2 870	0	0	0	2 870	2 266	0	0	0	2 266	26,63%	26,63%
Total Bananas	9 449	0	0	0	9 449	9 019	0	0	0	9 019	4,76%	4,76%

Commodity Price Data

March 2021

Average market prices
Product		YTD Q1/2021	YTD Q1/2020	YTD Q4/2020
CPO (CIF Rotterdam)*	in \$/mt	1 081	731	715
CPKO (CIF Rotterdam)*	in \$/mt	1 395	827	826
RSS3 (FOB Singapore)**	in \$/mt	2 337	1 598	1 728
Tea (avg auct Mombasa)**	in \$/mt	2 023	2 131	2 004
Bananas (CFR Europe)***	in €/mt	659	702	628

* Oil World price data

** World bank commodity price data - updated database

*** CIRAD price data (in EUR)

Bananas CFR Europe in €/mt