Turning Strategy Into Outcomes ANNUAL INTEGRATED REPORT 2022 39 Our Value Creation Model Product & Market Penetration New Growth Areas Financial & Capability Building • Revenue RM25.56 billion • Dividend of 15 sen per share was declared in 2022, translating to a dividend payout of RM547 million. Delivered better and consistent returns to shareholders. • FFB production 3.99 million MT • FFB yield 14.57 MT per Ha • Average oil palm age profile 13.65 years Improved operational excellence initiatives to optimise performance, and embedded sustainability initiatives to drive responsible business growth. • FFB processed 14.25 million MT • CPO production 2.90 million MT • Oil Extraction Rate 20.35% • Oils & Fats sales volume 400,306 MT • Biodiesel sales volume 77,479 MT • Refined sugar production 946,834 MT • Launched a total of nine SKUs, five under Oils & Fats segment and four under Integrated Farming segment Leveraged all parts of the palm oil value chain to obtain synergies and better returns on investments. • Our palm oil is 100% Traceable to Mill and 99% Traceable to Plantation • Collaboration with labour-related non-profit organisations such as Fair Labor Association, Project Liber8, International Labour Organization (ILO) Malaysia and the Malaysian Trades Union Congress • Revised and strengthened Guidelines and Procedures for Responsible Recruitment and Employment of Migrant Workers • Contributed around RM17.18 million for CSR-related activities • FGV is the first agribusiness company in Malaysia to be a signatory of the Women’s Empowerment Principles established by the UN Global Compact and UN Women Ensured responsible labour practices, and commitment to the socioeconomic development of surrounding communities. KEY OUTPUTS OUTCOMES Downstream R&D Development of Premium Sugar Products Bulking & Storage LOGISTICS & OTHERS Transportation Services OIL OIL OIL Consumer Products • FGV e-Productivity mobile application • FGV’s e-Wallet mobile application • Geographical Information System • Intelligent Robotic Process Automation • Audit Command Language Analytics Improved our leadership position in agricultural management practices, new product innovations, and sustainable efforts. • 230,626 training hours • Recruited more than 10,000 migrant workers • Employee Engagement Survey result of 81% Cultivated skilled, resilient and healthy workforce with an ingrained learning culture.
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