SIPEF

Earnings Release • Oct 19, 2017

PRESS RELEASE 2017

Regulated information | September 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	Q3	YTD
Own
Tolan Tiga Group	15 563	16 447	21 053		53 063	12 727	13 634	19 643		46 004	7.18%	15.34%
UMW/TUM Group	8 654	9 964	11 310		29 928	8 053	9 096	10 808		27 957	4.64%	7.05%
Agro Muko	17 662	17 647	20 651		55 960	16 486	18 369	20 873		55 728	-1.06%	0.42%
Hargy Oil Palms	22 393	20 830	18 118		61 341	16 021	18 038	11 768		45 827	53.96%	33.85%
Total own	64 272	64 888	71 132	0	200 292	53 287	59 137	63 092	0	175 516	12.74%	14.12%
Outgrowers
Tolan Tiga Group	243	284	286		813	162	245	234		641	22.22%	26.83%
UMW/TUM Group	0	0	0		0	76	159	104		339	-100.00%	-100.00%
Agro Muko	408	385	514		1 307	367	414	460		1 241	11.74%	5.32%
Hargy Oil Palms	15 958	15 103	12 165		43 226	12 554	13 017	7 614		33 185	59.77%	30.26%
Total outgrowers	16 609	15 772	12 965	0	45 346	13 159	13 835	8 412	0	35 406	54.13%	28.07%
Total Palm Oil	80 881	80 660	84 097		0 245 638	66 446	72 972	71 504		0 210 922	17.61%	16.46%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	3 948	3 854	5 155		12 957	3 228	3 473	4 839		11 540	6.53%	12.28%
UMW/TUM Group	1 499	1 619	1 810		4 928	1 341	1 477	1 770		4 588	2.26%	7.41%
Agro Muko	4 033	3 930	4 743		12 706	3 865	4 324	4 901		13 090	-3.22%	-2.93%
Total own	9 480	9 403	11 708	0	30 591	8 434	9 274	11 510	0	29 218	1.72%	4.70%
Outgrowers
Tolan Tiga Group	57	64	64		185	37	57	55		149	16.36%	24.16%
UMW/TUM Group	0	0	0		0	16	32	21		69	-100.00%	-100.00%
Agro Muko	78	72	105		255	70	82	91		243	15.38%	4.94%
Total outgrowers	135	136	169	0	440	123	171	167	0	461	1.20%	-4.56%
Total Palm Kernels	9 615	9 539	11 877	0	31 031	8 557		9 445 11 677	0	29 679	1.71%	4.56%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Hargy Oil Palms	1 945	1 782	1 672		5 399	1 392	1 638	1 069		4 099	56.41%	31.72%
Total own	1 945	1 782	1 672	0	5 399	1 392	1 638	1 069	0	4 099	56.41%	31.72%
Outgrowers
Hargy Oil Palms	1 418	1 327	1 092		3 837	1 124	1 326	606		3 056	80.20%	25.56%
Total outgrowers	1 418	1 327	1 092	0	3 837	1 124	1 326	606	0	3 056	80.20%	25.56%
Total Palm Kernel Oil	3 363	3 109	2 764	0	9 236	2 516	2 964	1 675	0	7 155	65.01%	29.08%

Group production of the SIPEF Group (in tonnes)

	2017			2016					YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	791	539	698		2 028	804	568	803		2 175	-13.08%	-6.76%
Melania	1 007	953	506		2 466	797	1 206	461		2 464	9.76%	0.08%
Agro Muko	535	599	493		1 627	489	538	417		1 444	18.23%	12.67%
Galley Reach	0	0	0		0	436	396	0		832	-	-100.00%
Total own	2 333	2 091	1 697	0	6 121	2 526	2 708	1 681	0	6 915	0.95%	-11.48%
Outgrowers
Agro Muko	0	0	0		0	0	0	0		0	-	-
Galley Reach	0	0	0		0	62	113	0		175	-	-100.00%
Total outgrowers	0	0	0	0	0	62	113	0	0	175	-	-100.00%
Total Rubber	2 333	2 091	1 697	0	6 121	2 588	2 821	1 681	0	7 090	0.95%	-13.67%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Melania	578	591	578		1 747	793	714	754		2 261	-23.34%	-22.73%
Total own	578	591	578	0	1 747	793	714	754	0	2 261	-23.34%	-22.73%
Outgrowers
Melania	0	0	0		0	0	0	0		0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	578	591	578	0	1 747	793	714	754	0	2 261	-23.34%	-22.73%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Azaguie 1	1 594	1 160	1 142		3 896	1 506	995	1 444		3 945	-20.91%	-1.24%
Azaguie 2	1 582	1 579	1 601		4 762	714	832	949		2 495	68.70%	90.86%
Agboville	2 578	1 832	2 701		7 111	2 657	2 124	2 670		7 451	1.16%	-4.56%

Total Bananas 8 141 6 671 7 303 0 22 115 6 771 5 415 6 533 0 18 719 11.79% 18.14%

Commodity Price Data

Average market prices*

Product		YTD Q3/2017	YTD Q3/2016	YTD Q4/2016
CPO (CIF Rotterdam)	in \$/mt	719	683	700
CPKO (CIF Rotterdam)	in \$/mt	1 248	1 224	1 290
RSS3 (FOB Singapore)	in \$/mt	2 121	1 501	1 605
Tea (avg auct Mombasa)	in \$/mt	2 804	2 255	2 298
Bananas (FOT Europe)	in \$/mt	892	919	905

* World Bank Commodity Price Data

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

CIF Rotterdam

Tea in \$/mt ■ 2017 ■ 2016

Crude Palm Oil in \$/mt ■ 2017 ■ 2016 CIF Rotterdam

RSS3 in \$/mt ■ 2017 ■ 2016

Bananas EU in \$/mt ■ 2017 ■ 2016 FOT Europe