FGV Annual Report 2015

38 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 The Global Strategic Blueprint (GSB) has been a critical driving force for us since initial public offering in 2012, guiding the transformative work we do. The GSB’s overarching goal is to rank us among the world’s top 10 integrated sustainable agri-businesses by 2020. We are committed to strengthening the sustainability of the Group’s business model from a financial, environmental and social perspective, in order to become a nimble and competitive business. Our Diversified Structure in Play Our Company is presently diversified across every aspect of the agriculture value chain. This diversification is a fairly new development considering that FELDA has been in operation for decades. In order to build a financially sustainable business, we must diversify our operations further to reduce our Company’s heavy reliance on the palm commodity. Our intent, is to expand our Palm Downstream Cluster, which will benefit from cheaper inputs when CPO prices are low. On the other hand, the Palm Upstream Cluster will also reap higher profits in a high CPO price market. This diversification will allow us to make the most of our integrated group structure. In the present challenging palm plantations market, we have already begun to see the value of this integrated structure. Our diverse business segments and exposure to other markets mitigated the effect of the external risks in 2015. While the Palm Upstream Cluster faced a weak price market, our Palm Downstream Cluster served as a ready market to buy our oil. Palm Downstream benefited from cheaper inputs from which it produced refined oil products. In totality, this structure insulated the Group from the weak commodity price and demand market. The healthy performance from our sugar business also helped to improve our bottomline in 2015. Group President/Chief Executive Officer’s Statement Dato’ Mohd Emir Mavani Abdullah Group President/Chief Executive Officer (Ceased office on 1 April 2016) As I review the events of the past year, I recognise that our employees are our biggest assets. They play a pivotal role in seeing our Company through the most difficult of times. To the Valued Shareholders of Felda Global Ventures, Our Company achieved a resilient performance despite a challenging Financial Year 2015 (FY2015). Revenue RM15.56 billion Profit after Tax and Minority Interests RM106.99 million Dividend Per Share 4 sen Earnings Per Share 2.9 sen