February

With reference to an article from Reuters dated 4 February 2020 entitled ‘Malaysian palm oil bosses urge action against 'toxic' environment groups’, Sime Darby Plantation Berhad (SDP) would like to clarify that the statement highlighted in the report does not represent SDP’s approach to our NGO stakeholders.

Sime Darby Plantation Berhad (SDP, Baa1 negative) announced that it had refinanced around MYR3.9 billion of credit facilities in December 2019, or around 49% of its total reported debt.

For the six-month financial period ended 31 December 2018 (FP 2018), Sime Darby Plantation (SD Plantation) Group registered a PBT of RM457 million, on the back of weak average crude palm oil (CPO) and palm kernel (PK) prices realised mitigated by continued earnings improvement from its Downstream operations.

Sime Darby Plantation (SDP) was made aware of an online report entitled ‘Who is Still Tied to Indofood?’ by Rainforest Action Network (RAN) at 11.15pm(Kuala Lumpur time).

Foresthints published a report dated 4th February 2019 (‘Palm Oil Supplier Continues to Disrespect Government Sanction’), which links the Pundi Lahan Khatulistiwa Group to Sime Darby Plantation (SDP).

We refer to the online report published by www.foresthints.news on 1 February 2019 containing satellite imagery as evidence of land clearing activities by PT SAE, a subsidiary of Saraswanti Group. We were made aware of this report at 16.00h (Kuala Lumpur time).

Sime Darby Plantation Berhad (SD Plantation) reported a profit before tax (PBT) of RM637 million and a net profit of RM429 million for the second quarter ended 31 December 2017 (Q2 FY2018).

Sime Darby Plantation Berhad (SD Plantation) launched its ’Operational Excellence and Innovation Business Management Strategy 2.0’ (OEIBMS 2.0) to further drive continuous improvement in operational excellence and productivity within its business operations.

ime Darby Berhad registered a pre-tax profit of RM1.0 billion and a net profit of RM818.3 million for the second quarter ended 31 December 2013 (2QFY2014).