SIPEF

Earnings Release • Apr 21, 2016

Press release 2016

Regulated information | March 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	Q1	YTD
Own
Tolan Tiga Group	12 716				12 716	13 146				13 146	-3.27%	-3.27%
UMW/TUM Group	8 053				8 053	5 240				5 240	53.68%	53.68%
Agro Muko	16 486				16 486	16 033				16 033	2.83%	2.83%
Hargy Oil Palms	16 021				16 021	14 203				14 203	12.80%	12.80%
Total own	53 276	0	0	0	53 276	48 622	0	0	0	48 622	9.57%	9.57%
Outgrowers
Tolan Tiga Group	174				174	0				0	-	-
UMW/TUM Group	76				76	36				36	111.11%	111.11%
Agro Muko	367				367	359				359	2.23%	2.23%
Hargy Oil Palms	12 554				12 554	11 524				11 524	8.94%	8.94%
Total outgrowers	13 171	0	0	0	13 171	11 919	0	0	0	11 919	10.50%	10.50%
Total Palm Oil	66 447	0	0	0	66 447	60 541	0	0	0	60 541	9.76%	9.76%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	3 225				3 225	3 214				3 214	0.34%	0.34%
UMW/TUM Group	1 342				1 342	873				873	53.72%	53.72%
Agro Muko	3 865				3 865	3 797				3 797	1.79%	1.79%
Total own	8 432	0	0	0	8 432	7 884	0	0	0	7 884	6.95%	6.95%
Outgrowers
Tolan Tiga Group	37				37	0				0	-	-
UMW/TUM Group	16				16	6				6	161.99%	161.99%
Agro Muko	70				70	69				69	1.45%	1.45%
Total outgrowers	123	0	0	0	123	75	0	0	0	75	63.77%	63.77%
Total Palm Kernels	8 555	0	0	0	8 555	7 959	0	0	0	7 959	7.49%	7.49%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Hargy Oil Palms	1 392				1 392	1 074				1 074	29.61%	29.61%
Total own	1 392	0	0	0	1 392	1 074	0	0	0	1 074	29.61%	29.61%
Outgrowers
Hargy Oil Palms	1 124				1 124	917				917	22.57%	22.57%
Total outgrowers	1 124	0	0	0	1 124	917	0	0	0	917	22.57%	22.57%
Total Palm Kernel Oil	2 516	0	0	0	2 516	1 991	0	0	0	1 991	26.37%	26.37%

Group production of the SIPEF Group (in tonnes)

			2016					2015			YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	804				804	820				820	-1.95%	-1.95%
Melania	797				797	1 005				1 005	-20.70%	-20.70%
Agro Muko	489				489	445				445	9.89%	9.89%
Galley Reach	436				436	530				530	-17.74%	-17.74%
Total own	2 526	0	0	0	2 526	2 800	0	0	0	2 800	-9.79%	-9.79%
Outgrowers
Agro Muko	0				0	0				0	-	-
Galley Reach	62				62	40				40	54.10%	54.10%
Total outgrowers	62	0	0	0	62	40	0	0	0	40	54.10%	54.10%
Total Rubber	2 588	0	0	0	2 588	2 840	0	0	0	2 840	-8.89%	-8.89%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Melania	793				793	740				740	7.16%	7.16%
Total own	793	0	0	0	793	740	0	0	0	740	7.16%	7.16%
Outgrowers
Melania	0				0	0				0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	793	0	0	0	793	740	0	0	0	740	7.16%	7.16%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Azaguie	1 506				1 506	1 463				1 463	2.94%	2.94%

St.Thérèse	714				714	0				0	-	-
Agboville	2 657				2 657	2 900				2 900	-8.38%	-8.38%
Motobe	1 894				1 894	2 702				2 702	-29.90%	-29.90%
Total Bananas	6 771	0	0	0	6 771	7 065	0	0	0	7 065	-4.16%	-4.16%

Commodity Price Data

Average market prices

Product		YTD Q1/2016	YTD Q1/2015	YTD Q4/2015
CPO (CIF Rotterdam)	in \$/mt	631	683	623
CPKO (CIF Rotterdam)	in \$/mt	1 032	1 046	909
RSS3 (FOB Singapore)	in \$/mt	1 308	1 733	1 559
Tea (avg auct Mombasa)	in \$/mt	2 385	2 310	2 742
Bananas (FOT Europe)	in \$/mt	908	918	903

RSS3 in \$/mt ■²⁰¹⁶ ■²⁰¹⁵

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

CIF Rotterdam

1250 1600 1950 2300 2650 ³⁰⁰⁰ 2016 2015 FOB Singapore

D J F M A M J J A S O N D

Tea in \$/mt ■²⁰¹⁶ ■²⁰¹⁵

900

average auct. Mombasa