SIPEF

Earnings Release • Aug 18, 2016

Press release 2016

Regulated information | June 2016

Group production of the SIPEF Group (in tonnes)

	2016					2015					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	12 727	13 634			26 361	13 146	16 765			29 911	-18.68%	-11.87%
UMW/TUM Group	8 053	9 096			17 149	5 240	7 332			12 572	24.06%	36.41%
Agro Muko	16 486	18 369			34 855	16 033	18 700			34 733	-1.77%	0.35%
Hargy Oil Palms	16 021	18 038			34 059	14 203	17 255			31 458	4.54%	8.27%
Total own	53 287	59 137	0	0	112 424	48 622	60 052	0		0 108 674	-1.52%	3.45%
Outgrowers
Tolan Tiga Group	162	245			407	0	43			43	469.77%	846.51%
UMW/TUM Group	76	159			235	36	311			347	-48.87%	-32.28%
Agro Muko	367	414			781	359	436			795	-5.05%	-1.76%
Hargy Oil Palms	12 554	13 017			25 571	11 524	13 802			25 326	-5.69%	0.97%
Total outgrowers	13 159	13 835	0	0	26 994	11 919	14 592	0	0	26 511	-5.19%	1.82%
Total Palm Oil	66 446	72 972	0	0	139 418	60 541	74 644	0	0	135 185	-2.24%	3.13%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	3 228	3 473			6 701	3 214	3 772			6 986	-7.93%	-4.08%
UMW/TUM Group Agro Muko	1 341 3 865	1 477 4 324			2 818 8 189	873 3 797	1 133 4 380			2 006 8 177	30.36% -1.28%	40.48% 0.15%
Total own	8 434	9 274	0	0	17 708	7 884	9 285	0	0	17 169	-0.12%	3.14%
Outgrowers
Tolan Tiga Group	37	57			94	0	10			10	470.00%	840.00%
UMW/TUM Group	16	32			48	6	71			77	-54.93%	-37.66%
Agro Muko	70	82			152	69	90			159	-8.89%	-4.40%
Total outgrowers	123	171	0	0	294	75	171	0	0	246	0.00%	19.51%
Total Palm Kernels	8 557	9 445	0	0	18 002	7 959	9 456	0	0	17 415	-0.12%	3.37%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Hargy Oil Palms	1 392	1 638			3 030	1 074	1 310			2 384	25.04%	27.10%
Total own	1 392	1 638	0	0	3 030	1 074	1 310	0	0	2 384	25.04%	27.10%
Outgrowers
Hargy Oil Palms	1 124	1 326			2 450	917	1 148			2 065	15.51%	18.64%
Total outgrowers	1 124	1 326	0	0	2 450	917	1 148	0	0	2 065	15.51%	18.64%
Total Palm Kernel Oil	2 516	2 964	0	0	5 480	1 991	2 458	0	0	4 449	20.59%	23.17%

Group production of the SIPEF Group (in tonnes)

			2016					2015			YoY Variation	YTD
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2
Own
Tolan Tiga Group	804	568			1 372	820	604			1 424	-5.96%	-3.65%
Melania	797	1 206			2 003	1 005	1 230			2 235	-1.95%	-10.38%
Agro Muko	489	538			1 027	445	489			934	10.02%	9.96%
Galley Reach	436	396			832	530	392			922	1.02%	-9.76%
Total own	2 526	2 708	0	0	5 234	2 800	2 715	0	0	5 515	-0.26%	-5.10%
Outgrowers
Agro Muko	0	0			0	0	0			0	-	-
Galley Reach	62	113			175	40	111			151	1.80%	15.89%
Total outgrowers	62	113	0	0	175	40	111	0	0	151	1.80%	15.89%
Total Rubber	2 588	2 821	0	0	5 409	2 840	2 826	0	0	5 666	-0.18%	-4.54%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Melania	793	714			1 507	740	784			1 524	-8.93%	-1.12%
Total own	793	714	0	0	1 507	740	784	0	0	1 524	-8.93%	-1.12%
Outgrowers
Melania	0	0			0	0	0			0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	793	714	0	0	1 507	740	784	0	0	1 524	-8.93%	-1.12%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD

Azaguie	1 506	995			2 501	1 463	1 176			2 639	-15.39%	-5.23%
St.Thérèse	714	832			1 546	0	0			0	-	-
Agboville	2 657	2 124			4 781	2 900	2 354			5 254	-9.77%	-9.00%
Motobe	1 894	1 464			3 358	2 702	2 256			4 958	-35.11%	-32.27%
Total Bananas	6 771	5 415	0	0	12 186	7 065	5 786	0	0	12 851	-6.41%	-5.17%

Commodity Price Data

Average market prices

Product		YTD Q2/2016	YTD Q2/2015	YTD Q4/2015
CPO (CIF Rotterdam)	in \$/mt	667	674	623
CPKO (CIF Rotterdam)	in \$/mt	1 158	1 002	909
RSS3 (FOB Singapore)	in \$/mt	1 483	1 762	1 559
Tea (avg auct Mombasa)	in \$/mt	2 263	2 553	2 742
Bananas (FOT Europe)	in \$/mt	922	918	903

Crude Palm Kernel Oil in \$/mt ■²⁰¹⁶ ■²⁰¹⁵

CIF Rotterdam

RSS3 in \$/mt ■²⁰¹⁶ ■²⁰¹⁵

620 750

Tea in \$/mt ■²⁰¹⁶ ■²⁰¹⁵

average auct. Mombasa

880 1010 1140 1270 ¹⁴⁰⁰ 2016 2015 Bananas EU in \$/mt ■²⁰¹⁶ ■²⁰¹⁵ FOT Europe