SIPEF

Environmental & Social Information • Aug 16, 2018

Group production - (in tonnes)

June 2018

2018 2017 YoY Variation Fresh fruit bunches produced Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 YTD Own Tolan Tiga Group 73 557 71 301 144 858 67 317 69 740 137 057 2,24% 5,69% UMW/TUM/CSM Group 46 742 50 651 97 393 44 712 50 930 95 642 -0,55% 1,83% Agro Muko Group 84 280 90 635 174 915 80 677 80 584 161 261 12,47% 8,47% PT Dendymarker 5 435 7 029 12 464 0 0 0 - Musi Rawas Group 1 113 1 732 2 845 203 215 418 705,52% 580,62% Hargy Oil Palms 84 071 93 506 177 577 92 824 82 924 175 748 12,76% 1,04% Total own 295 198 314 854 0 0 610 052 285 733 284 393 0 0 570 126 10,71% 7,00% Outgrowers Tolan Tiga Group 0 0 0 0 0 0 - UMW/TUM-CSM Group 0 18 18 0 0 0 - Agro Muko Group 3 441 3 501 6 942 3 038 3 096 6 134 13,10% 13,17% PT Dendymarker 439 570 1 009 0 0 0 - Musi Rawas Group 78 74 152 0 0 0 - Hargy Oil Palms 46 628 64 674 111 302 65 521 60 014 125 535 7,76% -11,34% Total outgrowers 50 586 68 837 0 0 119 423 68 559 63 110 0 0 131 669 9,07% -9,30% Total FFB produced 345 784 383 691 0 0 729 475 354 292 347 503 0 0 701 795 10,41% 3,94% Fresh fruit bunches sold Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 YTD Tolan Tiga Group 0 0 0 5 0 5 -100,00% -100,00% UMW/TUM/CSM Group 7 674 7 710 15 384 7 767 8 771 16 538 -12,10% -6,98% Musi Rawas Group 1 191 1 806 2 997 203 215 418 740,00% 616,99% PT Dendymarker 0 1 397 1 397 0 0 0 - Total FFB sold 8 865 10 913 0 0 19 778 7 975 8 986 0 0 16 961 21,44% 16,61% Fresh fruit bunches processed Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 YTD Tolan Tiga Group 73 557 71 301 144 858 67 312 69 740 137 052 2,24% 5,70% UMW/TUM/CSM Group 39 068 42 959 82 027 36 945 42 159 79 104 1,90% 3,70% Agro Muko Group 87 721 94 136 181 857 83 715 83 680 167 395 12,50% 8,64% PT Dendymarker 5 874 6 202 12 076 0 0 0 -
Musi Rawas Group 0 0 0 0 0 0 -
Hargy Oil Palms 130 699 158 180 288 879 158 345 142 938 301 283 10,66% -4,12%
Total FFB processed 336 919 372 778 0 0 709 697 346 317 338 517 0 0 684 834 10,12% 3,63%
PO extraction rate Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 YTD
Tolan Tiga Group 22,7% 22,5% 22,6% 22,1% 22,3% 22,2% 0,90% 1,76%
UMW/TUM Group 24,5% 23,9% 24,2% 23,4% 23,6% 23,5% 1,08% 2,74%
Agro Muko Group 23,2% 22,8% 23,0% 22,7% 22,9% 22,8% -0,43% 0,81%
Hargy Oil Palms 23,5% 24,6% 24,1% 24,2% 25,1% 24,7% -2,28% -2,33%
PT Dendymarker 15,1% 21,6% 18,4% - - - -
Total PO extraction rate 23,2% 23,6% 0,0% 0,0% 23,4% 23,4% 23,8% 0,0% 0,0% 23,6% -0,91% -0,72%
Palm Oil Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 YTD
Own
Tolan Tiga Group 16 689 16 072 32 761 14 881 15 580 30 461 3,16% 7,55%
UMW/TUM Group 9 572 10 259 19 831 8 654 9 964 18 618 2,96% 6,52%
Agro Muko Group 19 576 20 737 40 313 18 344 18 514 36 858 12,01% 9,37%
PT Dendymarker 821 1 158 1 979 0 0 0 -
Hargy Oil Palms 19 851 23 077 42 928 22 393 20 830 43 223 10,79% -0,68%
Total own 66 509 71 303 0 0 137 812 64 272 64 888 0 0 129 160 9,89% 6,70%
Outgrowers
0 0 0 0 0 0 - Tolan Tiga Group
UMW/TUM/CSM Group 0 4 4 0 0 0 -
Agro Muko Group 750 750 1 500 651 669 1 320 12,11% 13,64%
PT Dendymarker 64 181 245 0 0 0 -
Hargy Oil Palms 10 862 15 779 26 641 15 958 15 103 31 061 4,48% -14,23%
Total outgrowers 11 676 16 714 0 0 28 390 16 609 15 772 0 0 32 381 5,97% -12,33%
Total Palm Oil 78 185 88 017 0 0 166 202 80 881 80 660 0 0 161 541 9,12% 2,89%

Palm Kernels Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 Own Tolan Tiga Group 4 118 3 927 8 045 3 793 3 663 7 456 7,21% UMW/TUM Group 1 576 1 642 3 218 1 499 1 619 3 118 1,42% Agro Muko Group 4 310 4 369 8 679 4 188 4 121 8 309 6,02% PT Dendymarker 213 265 478 0 0 0 - Total own 10 217 10 203 0 0 20 420 9 480 9 403 0 0 18 883 8,51% Outgrowers Tolan Tiga Group 0 0 0 0 0 0 - UMW/TUM Group 0 1 1 0 0 0 - Agro Muko Group 152 149 301 135 136 271 9,56% PT Dendymarker 16 40 56 0 0 0 - Total outgrowers 168 190 0 0 358 135 136 0 0 271 39,71% Total Palm Kernels 10 385 10 393 0 0 20 778 9 615 9 539 0 0 19 154 8,95% Palm Kernel Oil Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 Hargy Oil Palms Own 1 616 1 921 3 537 1 945 1 782 3 727 7,80% Hargy Oil Palms Outgrowers 926 1 377 2 303 1 418 1 327 2 745 3,77% Total Palm Kernel Oil 2 542 3 298 0 0 5 840 3 363 3 109 0 0 6 472 6,08% Rubber Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 Own Tolan Tiga Group 643 324 967 791 539 1 330 -39,89%	YTD 7,90% 3,21% 4,45% - 8,14% - - 11,07% - 32,10% 8,48%
	YTD
	-5,10%
	-16,10%
	-9,77%
	YTD
	-27,29%
Melania 965 885 1 850 1 007 953 1 960 -7,14%	-5,61%
Agro Muko 686 622 1 308 535 599 1 134 3,84%	15,34%
Total Rubber 2 294 1 831 0 0 4 125 2 333 2 091 0 0 4 424 -12,43%	-6,76%
Tea Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2 Melania 595 590 1 185 578 591 1 169 -0,17%	YTD 1,37%
Total Tea 595 590 0 0 1 185 578 591 0 0 1 169 -0,17%	1,37%
Bananas Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Q2	YTD
Azaguie 1 1 345 755 2 100 1 594 1 160 2 754 -34,91%	-23,75%
Azaguie 2 2 395 1 932 4 327 1 582 1 579 3 161 22,36%	36,89%
Agboville 2 038 1 872 3 910 2 578 1 832 4 410 2,18%	-11,34%
Motobe 1 538 1 426 2 964 2 387 2 100 4 487 -32,10%	-33,94%
Total Bananas 7 316 5 985 0 0 13 301 8 141 6 671 0 0 14 812 -10,28%	-10,20%

Commodity Price Data June 2018

Average market prices*
Product	YTD Q2/2018	YTD Q2/2017	YTD Q4/2017
CPO (CIF Rotterdam) in \$/mt	663	734	715
CPKO (CIF Rotterdam) in \$/mt	1 034	1 286	1 279
RSS3 (FOB Singapore) in \$/mt	1 702	2 274	1 995
Tea (avg auct Mombasa) in \$/mt	2 605	2 801	2 804
Bananas (FOT Europe) in \$/mt	1 034	872	899

* Jan - May: World Bank Commodity Price Data June: SIPEF-Group best estimate

SIPEF - Kasteel Calesberg - 2900 Schoten RPR Antwerpen / VAT BE 0404 491 285 p. 3 of 3