SIPEF

Earnings Release • Aug 17, 2017

PRESS RELEASE 2017

Regulated information | June 2017

Group production

of the SIPEF Group (in tonnes)

	2017				2016					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	15 563	16 447			32 010	12 727	13 634			26 361	20.63%	21.43%
UMW/TUM Group	8 654	9 964			18 618	8 053	9 096			17 149	9.54%	8.57%
Agro Muko	17 662	17 647			35 309	16 486	18 369			34 855	-3.93%	1.30%
Hargy Oil Palms	22 393	20 830			43 223	16 021	18 038			34 059	15.48%	26.91%
Total own	64 272	64 888	0	0	129 160	53 287	59 137	0	0	112 424	9.72%	14.89%
Outgrowers
Tolan Tiga Group	243	284			527	162	245			407	15.92%	29.48%
UMW/TUM Group	0	0			0	76	159			235	-100.00%	-100.00%
Agro Muko	408	385			793	367	414			781	-7.00%	1.54%
Hargy Oil Palms	15 958	15 103			31 061	12 554	13 017			25 571	16.03%	21.47%
Total outgrowers	16 609	15 772	0	0	32 381	13 159	13 835	0	0	26 994	14.00%	19.96%
Total Palm Oil	80 881	80 660	0		0 161 541	66 446	72 972	0		0 139 418	10.54%	15.87%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	3 948	3 854			7 802	3 228	3 473			6 701	10.97%	16.43%
UMW/TUM Group	1 499	1 619			3 118	1 341	1 477			2 818	9.61%	10.65%
Agro Muko	4 033	3 930			7 963	3 865	4 324			8 189	-9.11%	-2.76%
Total own	9 480	9 403	0	0	18 883	8 434	9 274	0	0	17 708	1.39%	6.64%
Outgrowers
Tolan Tiga Group	57	64			121	37	57			94	12.28%	28.72%
UMW/TUM Group	0	0			0	16	32			48	-100.00%	-100.00%
Agro Muko	78	72			150	70	82			152	-12.20%	-1.32%
Total outgrowers	135	136	0	0	271	123	171	0	0	294	-20.47%	-7.82%
Total Palm Kernels	9 615	9 539	0	0	19 154	8 557	9 445	0	0	18 002	1.00%	6.40%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Hargy Oil Palms	1 945	1 782			3 727	1 392	1 638			3 030	8.79%	23.00%
Total own	1 945	1 782	0	0	3 727	1 392	1 638	0	0	3 030	8.79%	23.00%
Outgrowers
Hargy Oil Palms	1 418	1 327			2 745	1 124	1 326			2 450	0.08%	12.04%
Total outgrowers	1 418	1 327	0	0	2 745	1 124	1 326	0	0	2 450	0.08%	12.04%
Total Palm Kernel Oil	3 363	3 109	0	0	6 472	2 516	2 964	0	0	5 480	4.89%	18.10%

Group production of the SIPEF Group (in tonnes)

	2017				2016				YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	791	539			1 330	804	568			1 372	-5.11%	-3.06%
Melania	1 007	953			1 960	797	1 206			2 003	-20.98%	-2.15%
Agro Muko	535	599			1 134	489	538			1 027	11.34%	10.42%
Galley Reach	0	0			0	436	396			832	-100.00%	-100.00%
Total own	2 333	2 091	0	0	4 424	2 526	2 708	0	0	5 234	-22.78%	-15.48%
Outgrowers
Agro Muko	0	0			0	0				0	-	-
Galley Reach	0	0			0	62	113			175	-100.00%	-100.00%
Total outgrowers	0	0	0	0	0	62	113	0	0	175	-100.00%	-100.00%
Total Rubber	2 333	2 091	0	0	4 424	2 588	2 821	0	0	5 409	-25.88%	-18.21%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Melania	578	591			1 169	793	714			1 507	-17.23%	-22.43%
Total own	578	591	0	0	1 169	793	714	0	0	1 507	-17.23%	-22.43%
Outgrowers
Melania	0	0	0	0	0	0	0	0	0	0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	578	591	0	0	1 169	793	714	0	0	1 507	-17.23%	-22.43%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Azaguie	1 594	1 160			2 754	1 506	995			2 501	16.58%	10.12%
Azaguie 2	1 582	1 579			3 161	714	832			1 546	89.78%	104.46%

Agboville 2 578 1 832 4 410 2 657 2 124 4 781 -13.75% -7.76% Motobe 2 387 2 100 4 487 1 894 1 464 3 358 43.44% 33.62% Total Bananas 8 141 6 671 0 0 14 812 6 771 5 415 0 0 12 186 23.19% 21.55%

Commodity Price Data

Average market prices*

Product		YTD Q2/2017	YTD Q2/2016	YTD Q4/2016
CPO (CIF Rotterdam)	in \$/mt	734	667	700
CPKO (CIF Rotterdam)	in \$/mt	1 286	1 158	1 290
RSS3 (FOB Singapore)	in \$/mt	2 274	1 465	1 605
Tea (avg auct Mombasa)	in \$/mt	2 801	2 263	2 298
Bananas (FOT Europe)	in \$/mt	872	922	905

* World Bank Commodity Price Data

Crude Palm Kernel Oil in \$/mt ■ 2017 ■ 2016

CIF Rotterdam

Tea in \$/mt ■ 2017 ■ 2016

average auct. Mombasa

FOT Europe