FGV Annual Report 2014

Key Initiatives No. Initiatives Status Overall Progress 1 Periodic release of innovative, market driven palm based specialty fats and other similar goods Ongoing – Vanaspati (vegetable ghee) launched in July 2014, in collaboration with R&D Cluster 100% 2 Deliver operational excellence across all refineries through cost saving initiatives Ongoing – RM28 million saved in 2014 across the Cluster 100% 3 Expand biodiesel production capacity and capabilities Ongoing – In 2014, we entered into JV with M2 Capital Sdn Bhd and Benefuel International Holdings S.A.R.L. to acquire a biodiesel plant in Kuantan Port. Through the JV, our biodiesel production capacity has increased more than threefold, making FGV one of the largest exporters of biodiesel in Southeast Asia 100% 4 Introduce new business model to drive better efficiency in terms of resources and human capital deployment Completed – New tolling model to be implemented in early 2015 100% Felda Global Ventures Holdings Berhad pg 76 BUSINESS OPERATIONS REVIEW PALM DOWNSTREAM