SIPEF

Earnings Release • Oct 24, 2013

September 2013

GROUP PRODUCTION - (in tonnes)

	2013			2012					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	13 111	14 254	18 317		45 682	14 323	15 203	19 824		49 350	-7,60%	-7,43%
UMW/TUM Group	2 079	2 871	3 146		8 096	769	1 363	1 797		3 929	75,07%	106,06%
Agro Muko	17 961	18 518	19 783		56 262	19 359	20 251	22 696		62 306	-12,83%	-9,70%
Hargy Oil Palms	11 924	14 737	11 033		37 694	12 521	13 444	13 297		39 262	-17,03%	-3,99%
Total own	45 075	50 380	52 279	0	147 734	46 972	50 261	57 614	0	154 847	-9,26%	-4,59%
Outgrowers
Tolan Tiga Group	48	98	208		354			20		20	940,00%	1670,0%
Agro Muko	306	422	454		1 182	314	468	472		1 254	-3,81%	-5,74%
Hargy Oil Palms	10 828	13 459	8 883		33 170	11 299	11 932	11 701		34 932	-24,08%	-5,04%
Total outgrowers	11 182	13 979	9 545	0	34 706	11 613	12 400	12 193	0	36 206	-21,72%	-4,14%
Total Palm Oil	56 257	64 359	61 824	0	182 440	58 585	62 661	69 807	0	191 053	-11,44%	-4,51%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	3 213	3 394	4 468		11 075	3 587	3 629	4 887		12 103	-8,57%	-8,49%
UMW/TUM Group	550	760	833		2 143	204	360	476		1 040	75,00%	106,06%
Agro Muko	4 274	4 011	4 680		12 965	4 431	4 518	5 093		14 042	-8,11%	-7,67%
Total own	8 037	8 165	9 981	0	26 183	8 222	8 507	10 456	0	27 185	-4,54%	-3,69%
Outgrowers
Tolan Tiga Group	13	26	55		94			5		5	1000,0%	1780,0%
Agro Muko	60	84	93		237	61	91	95		247	-2,11%	-4,05%
Total outgrowers	73	110	148	0	331	61	91	100	0	252	48,00%	31,35%
Total Palm Kernels	8 110	8 275	10 129	0	26 514	8 283	8 598	10 556	0	27 437	-4,05%	-3,36%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Hargy Oil Palms	919	1 134	799		2 852	892	1 014	1 018		2 924	-21,51%	-2,46%
Total own	919	1 134	799	0	2 852	892	1 014	1 018	0	2 924	-21,51%	-2,46%
Outgrowers
Hargy Oil Palms	839	1 045	766		2 650	807	906	916		2 629	-16,38%	0,80%
Total outgrowers	839	1 045	766	0	2 650	807	906	916	0	2 629	-16,38%	0,80%
Total Palm Kernel Oil	1 758	2 179	1 565	0	5 502	1 699	1 920	1 934	0	5 553	-19,08%	-0,92%

	2013				2012					YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	757	557	719		2 033	769	581	765		2 115	-6,01%	-3,88%
Melania	982	1 113	715		2 810	859	1 082	634		2 575	12,78%	9,13%
Agro Muko	343	379	328		1 050	368	374	331		1 073	-0,91%	-2,14%
Galley Reach	431	438	509		1 378	502	608	748		1 858	-31,95%	-25,83%
Total own	2 513	2 487	2 271	0	7 271	2 498	2 645	2 478	0	7 621	-8,35%	-4,59%
Outgrowers
Agro Muko					0		6			6		- -100,00%
Galley Reach	119	157	161		437	328	195	172		695	-6,40%	-37,12%
Total outgrowers	119	157	161	0	437	328	201	172	0	701	-6,40%	-37,66%
Total Rubber	2 632	2 644	2 432	0	7 708	2 826	2 846	2 650	0	8 322	-8,23%	-7,38%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Melania	705	695	655		2 055	654	761	583		1 998	12,35%	2,85%
Total own	705	695	655	0	2 055	654	761	583	0	1 998	12,35%	2,85%
Outgrowers
Melania					0	16	16	9		41		-100,00% -100,00%
Total outgrowers	0	0	0	0	0	16	16	9	0	41	-100,00% -100,00%
Total Tea	705	695	655	0	2 055	670	777	592	0	2 039	10,64%	0,78%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Azaguie	1 279	1 580	988		3 847	983	1 556	1 082		3 621	-8,69%	6,24%
Agboville	2 722	2 015	2 334		7 071	2 384	2 199	2 495		7 078	-6,45%	-0,10%
Motobe	2 415	1 812	1 263		5 490	3 024	3 240	1 355		7 619	-6,79%	-27,94%
Total Bananas	6 416	5 407	4 585	0	16 408	6 391	6 995	4 932	0	18 318	-7,04%	-10,43%

COMMODITY PRICE DATA - (September 2013)

Average market prices Crude Palm Oil in \$/mt

Product		YTD Q3/2013	YTD Q3/2012	YTD Q4/2012
CPO (CIF Rotterdam)	in \$/mt	843	1.063	999
CPKO (CIF Rotterdam)	in \$/mt	844	1.209	1.110
RSS3 (FOB Singapore)	in Uscts/ kg	288	347	338
Tea (FOB origin)	in \$/kg	2,88	2,85	2,90
Bananas (FOT Europe)	in \$/mt	1.050	1.099	1.100

CIF Rotterdam

Crude Palm Kernel Oil in \$/mt RSS3 in UScts/kg

1400

CIF Rotterdam FOB Singapore 1200

average auct. Colombo / Kolkata / Mombasa

Tea in \$/kg FOB Bananas EU in \$/mt