FGV Annual Report 2013

Asan integratedpalmoil producer, itsactivities includepalmoil plantation, crude palm oil (CPO) production, palm oil refining and fractionation, kernel oil production, research and development, marketing and palm oil trading, production and distribution of cooking oils and packed products as well as liquid and dry bulk storage. Through its subsidiaries, associates and joint ventures, FGV has 138 estates, 72 palm oil mills, five kernel crushing plants, 10 refineries, nine rubber factories, 10 bulking installations and two oleo-chemical plants in Malaysia and abroad. FGV is also the largest refined sugar producer in Malaysia through its listed subsidiary, MSM Malaysia Holdings Berhad which produces 57 percent of the country’s refined sugar products. Apart fromthis, as a company aspiring to be the leading globally diversified and integrated agri-business, FGV is also committed to all three principles of sustainability: people, profit and planet. It is pursuing aggressive, strategic reform and expansion programme to ensure the vitality of its business. An active member of the Roundtable on Sustainable Palm Oil (RSPO) since 2004, FGV has a time-bound plan to achieve certification for all its mill complexes by 2017. Most notably, it was the first in the world to attain RSPO certification involving small holder estates and the first company outside Europe to achieve International Sustainability and Carbon Certification. In addition, it is at the forefront of renewable energy projects using oil palm biomass. FGV’s ‘green’ power plant in Sabah is the world’s first utilising 100 percent oil palm Empty Fruit Bunches (EFB). Listed on the Main Market of Bursa Malaysia Securities Berhad in June 2012, FGV provides employment to some 19,000 employees, 20 percent of whom are descendants of FELDA settlers-smallholders. Driven by positive commercial considerations to further solidify its position in the palm oil sector, FGV had obtained the remaining 51 percent equity interest in Felda Holdings Bhd (FHB) from Koperasi Permodalan Felda Malaysia Berhad (KPF) in December 2013. With this acquisition, FGV has become a fully integrated oil palm plantation company which enables FGV to attain operational efficiencies as well as synergies within the plantation value chain of the FGV Group. The merging of FGV’s strength in the plantation and downstream businesses coupled with FHB midstream and downstream activities is the strategy for FGV to be one of the top ten agri-business conglomerates in the world by the year 2020. To realise that, FGV has in place a Global Strategic Blueprint which encapsulate its plan for exponential global growth through upstream and downstream expansion, human capital transformation and investments in innovation and technology. Corporate Profile Profil Korporat To be the leading globally diversified i ntegrated agri-business. To be a global leader by: • Creating value through our human capital • Championing our locally invested culture • Building an integrated value chain advantage • Cultivating diversification in commodities and geography Untuk menjadi perniagaan tani bersepadu dan berpelbagai yang terulung di dunia. VISI VISION MISI MISSION Felda Global Ventures Holdings Berhad (FGV) is one of Malaysia’s largest andmostdiversifiedagro-basedcompanieswithafocusonpalmoil, sugar and rubber. Its businesses are divided into four main clusters which are plantation, downstream, sugarandmanufacturing, logistics andothers. It has invested in more than 200 companies comprising subsidiaries, joint- ventureS and associateswhere business footprint extends tomore than 10 countries across the globe including USA, Turkey, China and Indonesia. FGV Group is also the largest palmoil producer in theworldwith a total land bank of more than 450,000 hectares. Felda Global Ventures Holdings Berhad (FGV) adalah salah satu syarikat asas tani terbesar dan berkepelbagaian di Malaysia yang memberi tumpuan kepada perniagaan kelapa sawit, gula dan getah. Perniagaannya terbahagi kepada empat kelompok penting iaitu perladangan, hiliran, gula dan perkilangan, logistik dan lain-lain. Ia mempunyai kepentingan di dalam lebih 200 syarikat terdiri daripada anak syarikat, syarikat usaha sama dan syarikat bersekutu di lebih 10 buah negara seluruh dunia termasuk Amerika Syarikat, Turki, China dan Indonesia. Kumpulan FGV juga merupakan pengeluar minyak sawit terbesar dunia dengan keluasan tanah melebihi 450,000 hektar. Felda Global Ventures Holdings Berhad 2