Company Profile Goodhope

We will be an integrated Globally Recognized Player in the food industry, whose people and performance lead change and deliver exceptionalgrowth through innovation and technology.

Vision

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We want to become the industry benchmark in the Oils & Fats market space, leveraging on Our entrepreneurial spirit, Our people and Our best practices, keeping the best interests of Our stakeholders in mind at all times, while stretching ourselves to create wealth, in line with our three core values FOCUSED, FLEXIBLE and FAST

Mission

Goodhope Asia HoldingsLimited

Goodhope is a part of the group of

companies that form Carson Cumberbatch

PLC - a Sri Lankan Conglomerate with

regionalized business interests ranging from

plantations, oils & fats, beverage, property

& real estate development, investments and

financial services to leisure. The Carsons

Group which has a history in the plantation

business since the late 19th century has the

inherent know-how and financial backing

that lends strength and stability to propel its

plantations, oils and fats business into the

future. The Goodhope group, which entered

Indonesia in 1996 by acquiring PT Agro

Indomas in Central Kalimantan, has

increased the total developed land extent to

77,575 hectares and has currently developed

the necessary processing facilities. In

Peninsular Malaysia, Goodhope currently

owns and manages 1,398 hectares of Oil

Palm plantations. Goodhope group, intends

to expand the developed land by

approximately 29% from 77,575 hectares to

approximately 100,000 hectares within the

next three years.

In July 2011, Goodhope acquired three

companies specializing in edible oil refining

and specialty fats manufacturing. These

companies based in Malaysia and India has

given direct entry into the food ingredient

industry to the Goodhope Group.

Goodhope is emerging as a reputed

player in the global food ingredient industry

over the medium to long term. The Group

has identified its business domain for

investments as the food industry value chain

with a primary focus on edible oils & fats,

with access and control from origination to

supply and distribution of value added

products. Goodhope has put into operation

this vision and plans to further integrate

within the industry value chain through

organic growth, strategic alliances,

acquisitions and joint ventures. This will

enable the Group to expand forward and

backward within the identified value chain

while simultaneously looking for

opportunities in potential markets across

continents.

Currently Goodhope has developed a

reputation for its expertise in plantation

development and management. Significant

growth achieved in land under development

and cultivation from its original plantations

of 1,800 hectares in Malaysia to currently

having land bank of 156,998 hectares in

Indonesia and Malaysia bear testimony to

the success Goodhope has achieved during a

short period of time, staying true to our core

values. Over the years Goodhope has gained

knowledge and know-how that has helped us

become one of the leading companies in oil

palm plantations in Indonesia. Goodhope’s

specialized management services arm

supports its own plantations and has the

capacity to support and undertake

management of third party plantations, with

offices in India, Indonesia, Malaysia,

Singapore and Sri Lanka.

Goodhope Corporate Profile | P 03

Goodhope Asia Holdings Ltd., incorporated in Singapore, is a holding company with investments in the Food Ingredient industry in Indonesia, Malaysia and India.

Goodhope

Asia Holdings

Limited


Goodhope is a growing oil palm plantation company with a presence across the palm oil value chain, from plantation ownership to palm oil production, and edible oils refining & specialty fats production. We believe our strong foundation allows us to expect significant growth in production volumes and profitability. The key fundamentals are identified in the diagram below.

Goodhope

Asia Holdings

Limited

Positive Growth Potential

Significant Portion of Land Under Development

Goodhope’s Long Term Growth Fundamentals

Positive Palm Oil Outlook

Track Record of StrongGrowth and Profitability

Young Age Profile of Oil Palms

Goodwill and Support fromLocal Communities

Strategically Located Oil Palm Plantations

Proven Business Model

Embracing of a Sustainable Business Model

7

5

4

1 2

3

6


Goodhope

Asia Holdings

Limited

Young Age Profile of Oil Palms 2

Significant room for volume and yield growth due to our young age profile

Age Profile of Plantations (as of 31 Mar 2014)

Immature (Below 3 years)(16,023 Ha)

Young (4-6 Years)(20,675 Ha)

Peak Production (7-18 Years)(29,935 Ha)

Total Planted Land Bank = 66,633 Ha

Significant Portion of Land Under Development1

Goodhope through its experience notes

that suitable lands in Indonesia for the

cultivation of oil palms is increasingly

difficult to source and relevant approvals

are increasingly time consuming to

procure. Therefore, the 37,365 hectares

of land under development which will be

used for future cultivation, provides a

strategic advantage to Goodhope in the

longer term. We also own 1,398 hectares

of freehold land bank in Malaysia which

has attained commercial value.

Total Land Bank = 156,998 Ha

Nucleus Land Bank Profile (as at 31 Mar 2014)

Planted Area (66,633 Ha)

(10,941 Ha)

Land Under Development(37,365Ha)

Conservation and Reserved Land(42,059Ha)

Growth in Developed Land Over Last 5 years ‘000 Ha

The weighted average age of the oil palms is approximately 7 years as at 31st March 2014 with the oil palms yet to reach full potential. Approximately 55% of the planted area is yet to reach peak production age, while the oldest of the oil palm plantations approximates only 17 years, highlighting the potential for Goodhope to achieve economies of scale through lower operating costs and enhanced profitability on these past investments.

Significant room to grow with 37,365 hectares of land under development and 16,023 hectares of land in its immature phase.

24%

31%

Developed Land(49%)

Infrastructure Area

42%

7%

24%

27%

45%

32 36 43 48 50

14 15

11 16 16

2 3

11

11 11

48 54

64 75 77

0

20

40

60

80

FY2010 FY2011 FY2012 FY2013 FY2014

Mature Immature Infastructure


Goodhope

Asia Holdings

Limited

Close proximity / strategic location of oil palm plantations provide for cost/operational efficiencies

East Kalimantan

South Kalimantan

CentralKalimantan

WestKalimantan

PTAJBPTBMSPTSMS30,173 Ha

PTRIM3,933 Ha

PTSSAPTSHP 23,827 Ha

PTAB Mill594,000 MT of processing capacity

PTAI Mills1,188,000MT of total processing capacity

PTAWL Mill594,000 MT of processing capacity

Plantations

Processing Mills / Bulking Station

Oil palm plantations in the Kalimantan region

PTAB24,931 Ha

PTKMSPTAWL25,114 Ha

Bulking Station30,000MT of total storage capacity

PTAI26,861 Ha

PTAI Mill297,000 MT of processing capacity

Strategically Located Oil Palm Plantations3

Our current and future plantations are located in close proximity to one another allowing for cost synergies and operational efficiencies through shared management expertise, logistics arrangements, plantation development activities and common facilities such as nurseries, palm oil processing mills and bulking infrastructure. Additionally Our plantations are strategically located with close proximity to ports giving us cost advantages.


Goodhope

Asia Holdings

Limited

Our Results

Embracing a Sustainable Business Model

Balanced approach towards economic, environmental and social sustainability

4

The Goodhope business model is based on the triple bottom line approach, taking into account the economic, environment and social considerations in making sound business decisions. This has enabled, Goodhope to achieve both operational and profit growth through a focus on managing dynamics relating to the society, community, natural resources and the industry environment.

CPO Yields (Fully Mature Plantation - PTAI)

6.5 6.4 6.3 6.2

> Production of over 12 MT of FFB per Ha in the first 12 months of commercial maturity of our oil palms

> Achieved high CPO yields from our fully mature plantation (PTAI)

MT / Ha

6.4 6.3 6.2 5.4

0.0

5.0

FY2011 FY2012 FY2013 FY2014

4.7 4.8 5.1 5.0

MT / Ha

5.2 5.1 4.9 4.4

0.0

5.0

FY2011 FY2012 FY2013 FY2014

CPO Yields (Average)

Fast

Expert &Precise

Clar

ity &

Conc

entr

atio

n

Adaptive &Agile

Empowered &Enabled

Open &

Worldly

Trusted &respected

Honest &Responsible

Visionary &Inspired

Diagram: Core and Support Values

Flexible

We move at the speed of business. Speed and Agility in executing operational and strategic objectives.

We are built to change. This makes us adaptive and agile at all times.

FocusedWe respond to the business environment by defining goals in relation to our capabilities and competencies.

By inculcating a people centric culture that

focuses on innovation, entrepreneurship,

professionalism and a desire for excellence

in all we do, Goodhope has the right mix to

move forward to embrace identified

opportunities. The Group’s culture is

strengthened by our commitment towards

conducting our business with the highest

standards of corporate behaviour, business

ethics, integrity and professionalism.

Our core values - Focused, Flexible and

Fast underpin the drivers of Goodhope’s

business excellence and form the basis by

which we undertake business activities.

These values are lived by all our people and

are further endorsed by their support

values.

Goodhope

Asia Holdings

Limited


Goodhope’s Evolution

1,398 Ha in Malaysia under cultivation Ventured into Indonesia by acquiring PT Agro Indomas with a Land Bank of 12,104 Ha

Immature 2,816 Ha Mature 9,741 Ha Infrastructure and Reserves 3,307 Ha Land Bank 17,252 Ha CPO Production 33,203 MT

Immature 5,265 Ha Mature 12,881 Ha Infrastructure and Reserves 2,664 Ha Land Bank 38,310 Ha CPO Production 70,937 MT

Immature 14,719 Ha Mature 36,044 Ha Infrastructure 3,085 Ha Under Development 39,454 Ha Land Bank 150,161 Ha CPO Production 161,634 MT Acquired Bulk Oil Refining and Specialty Fats Manufacturing capacities of 292,729 MT per year

1996

2011

ORGAN

IC

GROW

TH

Goodhope

Asia Holdings

Limited

2003

2007


2013 Immature 15,824 Ha Mature 48,147 Ha Infrastructure 10,942 Ha Under Development 35,653 Ha Land Bank 157,889 Ha CPO Production 207,299 MT Enhanced Bulk Oil Refining and Specialty Fats Manufacturing capacities to 320,508 MT per year

2014

ORGANIC +

INORGANIC

GROWTH

Immature 16,023 Ha Mature 50,610 Ha Infrastructure 10,942 Ha Under Development 37,365 Ha Land Bank 156,998 Ha CPO Production 201,027 MT Bulk Oil Refining and Specialty Fats Manufacturing capacities to 321,404 MT per year

Carson Cumberbatch PLC incorporated in

Sri Lanka is the holding company of a

diverse group of businesses, with business

interests in plantations, oils and fats,

beverages, investments and financial

services (portfolio management), real estate

and leisure sectors. Its business interests

span regionally across Sri Lanka, Malaysia,

Indonesia and India. The Group has many

registered companies of which fourteen are

listed on the Colombo Stock Exchange. The

Carsons Group plans to regionalize its

business base to growing markets by

offering a new standard of excellence in

products and services owned and operated

by the Group. Backed by an heritage of well

over 100 years, today it is positioned as a

Company whose outlook is regional, focused

on a future which is technology-oriented,

results-driven and world class.

As a Group focused on these

fundamentals, the emphasis has been

towards the creation of sustainable long

term shareholder value in all business

operations. The Group believes that

creativity, dedication and innovative spirit of

employees will mean the difference between

success and failure of all business

operations. Hence, Carsons is committed to

rewarding employees based on merit and

providing opportunities to grow and develop

with the Group. Further, as a socially

responsible corporate the Group has

recognized the call for being sensitive to the

needs of the environment within which all

business operations take place and the

widespread communities that the Group

works with.

The Carsons Group turnover stood at

USD 588 million for the financial year ending

March 2014. At present Carson

Cumberbatch PLC is amongst the top five

largest Companies (in terms of market

capitalization) in the Colombo Stock

Exchange (value of LKR 80 billion as at June

30, 2014 which translates to approximately

USD 614 million).

CARSONS GROUP PARENT COMPANY PROFILE

> Plantations, Oils and Fats> Portfolio & Asset Management> Beverage

> Real Estate> Leisure

www.carsoncumberbatch.com

Goodhope Company Profile | P 10

> 66,633 Ha of planted area

> 37,365 Ha under development

> Oils and fats refining and specialty fats processing facilities in Malaysia and India

> Marketing network in oils and fats to over 50 countries

Plantations, Oils and Fats

Beverage> 82% market share in the Sri Lankan beer industry> “Lion" Brand is the market leader in Maldives> State-of-the-art manufacturing facilities> Brews “Carlsberg” under license> Distribution rights for the legendary Mexican beer brand "Corona" > Sole Importer and Distributor of Diageo Portfolio of Brands> Rights to import and distribute Moet Hennessy portfolio of brands> Exports to five regions globally

> Total portfolio value of USD 185 milllion

> Managers of the only dedicated country fund in Sri Lanka

Portfolio & Asset Management

> Two hotels with 180 rooms

> Owns 4 properties

> Properties valued at USD 18 million

Leisure & Real Estate

CARSONS GROUP SNAPSHOT OF THE SECTORS


Goodhope’s Way Forward

Goodhope is currently leveraging on its strengths in its core business of Oil Palm plantations, by expanding across the value chain into the food industry. We have plans to grow within this value chain by securing access and control from origination to supply. Goodhope, while focussing on investments in its plantations business will also identify value adding investments in the edible oils and fats and value chain adjacent businesses. These investments will enhance our product offering to a larger global market and enable us to reach the final consumer. It is in line with these plans that the Group acquired the specialized manufacturing capabilities of three companies in Malaysia and India which transformed Goodhope from a solely plantations owner to become a player with exposure to the overall global edible oils and

fats industries. In order to complement and support our planned value chain expansion efforts, we will continue expansion of our oil palm plantations business. We have in place a land acquisition strategy through organic and inorganic means which will help secure the CPO required in the future for our edible oils and fats business. We plan to further enhance the supply chain of our plantations business through backward integration with fertilizer and seed suppliers to gain advantages through economies of scale. This will help protect the value created within our business and maximize the effective returns we deliver to all stakeholders. Our move to expand in the value chain also spreads the business risk exposure of being a pure plantations player in the industry. Entry into the edible oils and fats business automatically extends the

feedstock and product lines to a wider array of products. However, more importantly, the resultant business dynamics and the new operating environment broadens the scope of operations for the Group and helps to create and sustain stakeholder value. This expanding horizon of Goodhope requires the building of an integrated and linked business model with access from origination to supply and distribution of its end products. The growing scope of businesses at Goodhope, will be supported by centralized back office functions at the corporate level. Our dedicated and experienced corporatemanagement team will lead the way and provide direction to enable maximumshareholder returns.

Expanding Across the Value Chain

PlantationFood Ingredient Producer

Food Producer Retailer Consumer

Goo

dhop

e's

Pre

senc

e

Industry Value Chain


Goodhope’s

Way Forward

Owns plantations

Has refiningand specialty fats processing

Producescooking oil

Ownsregionalbrands

Thereforereachesthe finalconsumer

Goodhope’s presence across the value chain is as follows:

Business Structure

Our strategic direction and plans bring forth the following business structure to enable the Group to optimize resources. The plantations, oils and fats asset base has been consolidated under a singleholding entity, facilitating the expansion of the sector.

ManagementArm

MalaysianPlantations

IndonesianPlantations

Trading Companies

CorporateManagement

Arm

Management Arm

BusinessSystems

and Services

Arm

InvestmentCompanies

Oil Palm PlantationsSegment

Value Chain Adjacencies

Manufacturing and Process

Re-engineering

Business Development

and R&D

MarketingSupply Chain& Logistics

Goodhope Asia Holdings Ltd

(Incorporated in Singapore)

Edible Oils and Fats SegmentPremium Nutrients Private Limited

(Incorporated in Singapore)

Goodhope’s

Way Forward


Our Business Operations


Our Business

Operations

OIL PALM PLANTAIONS SEGMENT

Segmental Goals

> Continue to focus on expanding land bank in Indonesia to sustain growth

> Increase the Group’s developed land bank by 29% within the next 3 years

> Expand milling/processing capacity to cater to growing FFB volumes

> Expand land bank to other overseas locations through organic and inorganic means

> Increase the Group’s profile as a socially responsible, sustainable plantation company

Key areas of excellence in our plantation operations include:* Above average oil yields per hectare, through the adoption of sustained agronomy and plantation management practices

* Our mature plantation (PT Agro Indomas) generated an oil yield of 5.43MT per hectare during the year 2013/14

Malaysian Plantations> 1,398 hectares mature across four plantation estates

Indonesian Plantations> Mature and immature plantations: 66,633 hectares

> Land Bank: 156,988 hectares > FFB milling capacity: 2,673,000MT per yr

At A Glance:

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Typewritten Text

>.

Plantation Development

The Group has a strong base in plantation

development which is the result of the

adoption of stringent policies and practices

in sourcing high quality seeds, nursery

management, plantation development and

immature maintenance. This has resulted in

the early maturing of new plantations with

commercial harvesting commencing within

26-28 months from planting, whilst

generating high early yields with first year

yields of 12-14MT being recorded in the first

full year of maturity. This has helped position

Goodhope as an industry benchmark in

terms of our plantation management

practices.

Our operational focus at plantation level

is to achieve above average oil yields per

hectare, through the adoption of sustained

agronomy and plantation management

practices. Our mature plantations (PT Agro

Indomas) were able to achieve an oil yield of

5.4-6.3MT per hectare during the last

few years.

The table below summarizes the current

status of Goodhope’s land bank. New land is

being sourced in the regions of Central

Kalimantan, South Kalimantan, West

Kalimantan and East Kalimantan. The Group

also has acquired land bank in West Papua

(Irian Jaya). Goodhope also intends to

continue expanding in Malaysia, where

possible, and seeks opportunites in Central

and West Africa.

Goodhope Company Profile 2011 | P 06

Oil Palm

Plantations

Segment

Our Business

Operations

Plantation (Hectares) Region/Areas Total

Developed land Malaysia/Indonesia 77,575Land under development Malaysia/Indonesia 37,365Conservation land Indonesia 42,059

Total Land Bank Malaysia/Indonesia 156,988

Our key areas of excellence in plantation operations have helped position Goodhope as an industry benchmark in terms of plantation management practices

ISO 14001:2004PT Agro Indomas & PT Agro Bukit are certified as ISO 14001:2004since October 2007

OHSAS 18001:2007PT Agro Indomas & PT Agro Bukit are certified as OHSAS 18001:2007 compliant since January 2009

RSPO MembershipsPT Agro Indomas, PT Agro Bukit and PT Agro Wana Lestari are members of the RSPO


RSPO CertificationBoth mills at PT Agro Indomas have been certified by the RSPO as at September 2012

Our

Pla

ntat

ion

Loca

tion

s


Oil Palm ProcessingGoodhope has a total Crude Palm Oil (CPO)

milling capacity of 2,673,000MT per year.

This comprises of four mills of 594,000MT

per year capacity each; in operation within

the Central Kalimantan region, and one mill

of 297,000MT per year capacity in the East

Kalimantan region. One mill with a capacity

of 396,000MT per year is currently under

construction. The Group also operates a

Kernal Crushing Plant in Central Kalimantan

with a capacity of 108,000MT per year. The

Group also has a Bulking Station with a

capacity of 30,000MT at the Bangendang

Port, Sampit, Central Kalimantan.

The Group has developed its internal

competencies and project management

skills in carrying out some of the civil

engineering related work, which has led to

significant cost savings and efficiency

enhancements in construction of our oil

mills and other projects.

The multitude of initiatives

implemented within our oil processing mills

has enabled us to achieve and sustain oil

extraction rates on par with the best within

the region of Malaysia and Indonesia, which

represents 90% of the industry. This has

meant that our mature plantation in Central

Kalimantan (PT Agro Indomas) was able to

record an oil extraction rate of 22.31%

during the financial year 2013/14,

demonstrating the results of best practices

adopted in agronomy and plantation

management and the stringent quality

assurance regime followed by all our

plantations and mills.

2012/13 2013/14

FFB Yield based on age of Oil Palms

4 to 6 years MT/Ha. 14.45 12.15

7 to 8 years MT/Ha. 28.98 22.45

9 to 10 years MT/Ha. 30.04 24.96

11 to 12 years MT/Ha. 32.23 30.62

Above 12 years MT/Ha. 29.68 24.42

Extraction Rates

CPO % 22 - 25 21 - 24

CPKO % 41 - 43 38 - 42

Key Result AreasGoodhope’s emphasis on doing things to the best of our ability has enabled us to achieve and sustain oil extraction rates on par with benchmark companies in Malaysia and Indonesia, who are global leaders in the industry.

Oil Palm

Plantations

Segment

Our Business

Operations


EDIBLE OILS & FATS SEGMENT

Segmental Goals

> Expand production capacities and distribution capabilities focusing onIndonesia and the Indian Subcontinent

> Increase focus on specialty fats and expand the product offering

> Expansion into refining of so� oils

> Be widely recognized as a sustainable and responsible food industry player

At A Glance:

> Total Bulk and Specialty Fats Production capacity: 321,404 MT per year

> PK Solvent Extraction Plant capacity: 208,800 MT per year

> CPO refining capacity: 104,400 MT per year

Our Business

Operations


* ISO 9001:2008

* ISO 22000:2005

* GMP+ Certification

* Halal Certification

based on MS 1500:2009 standard

* MH 1480:2007

* Kosher Certification

* HACCP

Premium Vegetable

Oils Sdn Bhd and

Premium Fats Sdn Bhd

obtained RSPO Supply

Chain certification in

October 2012

Processing Facilities

In July 2011, Goodhope acquired three

companies established in the refining and

manufacturing of edible oils and fats

products. These companies, namely

Premium Vegetable Oils Sdn Bhd (PVO),

Premium Fats Sdn Bhd (PF) and Arani Agro

Oil Industries Pvt Ltd (AAO) (together known

as Premium Group) form Goodhope’s edible

oils & fats business operations based in

Malaysia and India.

The specialty oils and fats products are

based on palm kernel oil, palm oil and

coconut oil including those refined,

fractionated and interesterified products.

Currently, the Group has a combined refining

and manufacturing facility of 321,404MT per

year which includes a Palm Kernel Solvent

Extraction Plant with a capacity of

208,800MT per year in Malaysia. The Group

is in the process of consolidating and

increasing the capacities and product

capabilities offered to customers, while

simultaneously implementing process

efficiencies to gain advantages of scale and

cost competitiveness.

Premium Group products are exported

to over 50 countries worldwide including

North America, Europe, the Middle East,

South East Asia and Australia.

The edible oils & fats segment products

are tailored to meet customers demanding

requirements and specifications. We strive to

surpass customers‘ expectations through

technically advanced and cost effective

production techniques and applied research

and development capabilities. To this end we

are also in the process of upgrading and

enhancing our research and development

capabilities to cater to customers’ demand

for specialized and high quality products.

Edible Oils &

Fats Segment

One of the most critical aspects of producers ofspecialty fats is buildingcompetencies in customer centric applied research and development, in order to cater to specific client requirements.

Our Business

Operations


As the operations of the Group expand both in the oil palm plantations segment and in the edible oils and fats segment, it is essential that Goodhope secures access and control over key inputs and support functions ensuring sustained quality and constant supply stream to ensure its business operations are conducted in an uninterrupted manner. The Group also plans to further invest in the enhancment of agronomy managment and support through capability building in analaytical laboratory services.

Our Business

Operations

VALUE CHAIN ADJACENCIES


AHL Business Solutions (Pvt) Ltd AHL Business Solutions (Pvt) Ltd (AHLBS) was set up as a specialized unit to provide business systems and services to the Goodhope Group’s oil palm plantations and edible oils and fats business segments. Encompassing IT infrastructure support, integrated business solutions and the operation of a centralized shared service function, AHLBS operates within six key business verticals - ICT Infrastructure, Business Support Systems, Business Intelligence and Analytics, Solutions Development, Business Process Management and Consultancy Services.

By operating within these verticals, AHLBS has enabled greater synergies to be gained by Goodhope’s ICT assets, while the centralization and standardization of the Group ICT resources allows greater flexibility and adaptability. The Company foresees this structure facilitating the easy roll out of new and advanced technology for the Goodhope Group while enabling the Group to be prepared to integrate new businesses across its the value chain.

AHLBS is certified by the British Standards Institute (BSI) for ISO 27001:2005, which is its ‘Information Security Management System (ISMS)’.

The Group works towards cost optimisation through the Business Systems and Services Segment that provide support to the oil palm plantations and edible oils and fats business segments. This serves as a value chain adjacent busines that provides a multitude of servces which encompass IT infrastructure to integratedbusiness solutions, and allows us to reduce business process costs and enhance efficiencies.

CorporateExpertise

Developing Our PeopleGoodhope’s learning and development

interventions are geared towards enhancing

personal growth and developing specific

skills to meet new challenges and

technologies. The Group perceives people to

be the major strength in achieving corporate

success. In-house seminars and training

activities are organized to benefit various

levels of staff throughout the year.

The Group values team work and the

innovative spirit of individuals. We foster a

strong work ethic rooted in integrity, respect

and transparency. This provides a solid

foundation to strive for excellence in all

facets of our organization. Our positive work

culture encourages individuals to perform at

an optimum level. As such, a key ingredient

in the business model is the continuous

build-up of a competent pool of human

resources.


Corporate

Expertise

In line with the overall organizational design which is based on centrally coordinating all of the Group’s operations, Goodhope has a corporate management team to provide strategic direction and policy development to the entire Group with support on operational matters being given by individual management services units in the different business segments. The business segments also benefit from a unified corporate brand identity and visibility, Group human resource initiatives, Group financing, Group level networking and contact building, legal and secretarial services and enterprise governance and risk management initiatives. Currently the Group has management services units for its oil palm plantations, edible oils and fats and value chain adjacent business segments, acting as centres of excellence for planning, management and control.

Enterprise GovernanceGoodhope recognizes that good enterprise

governance is essential for success in the

long term. Our commitment to excellence in

corporate governance and enhancing

shareholder value is promoted through our

Good Enterprise Governance (GEG)

framework which is deployed to all Group

companies.

The key elements of the GEG

framework - Enterprise Risk Management,

procedures and policies, business principles,

internal controls and financial reporting

framework - together set high standards for

the Group’s decision making process.

The overall and final responsibility for

enterprise governance lies with the Board of

Directors. They set the standards at the

highest level and cascade it across all Group

companies. In order to achieve the

objectives set by the Board, the GEG

framework is further supported by a

pre-defined set of systems and procedures

together with dedicated Board Committees

that execute and monitor its effectiveness on

a continuous basis.

Enterprise Risk ManagementThe Group is exposed to many risks that

arise due to the nature of business

operations and the environment that the

business operates within. The Enterprise

Risk Management (ERM) process at

Goodhope has been implemented taking into

consideration these salient factors in the

changing business environment. In

implementing the business plan the Group

has embedded ERM to its day to day

business activities and has made it an

integral part of its strategic decision

making process.

As a key element of the Group’s

Corporate Governance framework, the

Group’s risk profile is monitored and

measured on a regular basis. An overview of

the spread of risks at Goodhope can be

found below.

Enterprise Governance and Enterprise Risk Management

Corporate

Expertise

Diagram: Overview of Spread of Risks at Goodhope


Edible Oils & Fats

Oil Plam Plantations Business Development

Finance

Human Resources

Legal

Marketing

Supply Chain/ProcurementValue Chain Adjacencies

Management Arm

Corporate

General Group

Strategic Risks

Business Segment

Specific RisksFunction Specific Risks

Goodhope’s View of Sustainability

The nature of Goodhope’s business

operations is such that it interacts with the

environment and the society thus influencing

and impacting the same. We realize the

importance of climate change and ensuring

the ability of future generations to sustain

itself. Hence as a Group whose business

revolves around an agricultural theme, we

need to exercise responsibility and care in

creating sustainable growth for all our

stakeholders.

This view has been the reason that

Goodhope has embraced the “triple bottom

line” approach to build a sustainable

business model. To help us achieve this, we

have a dedicated department overlooking

the Environmental and Social Sustainability

aspects while the organization strives to

achieve Economic Sustainability.

This underlines our belief that the Group

must consider the wider social and

environmental aspects in the long term

while economic profit to shareholders is

maximized. Therefore we will continue to

achieve economic profit while ensuring that

the natural environment, our employees and

the communities surrounding our business

operations do not suffer any adverse effects.

Environmental SustainabilityThe environment forms an integral part of

the Group’s sustainable operations. We have

put in place many initiatives and processes

to implement our values and beliefs in this

regard. The Group’s main plantations hold

membership in the Roundtable on

Sustainable Palm Oil (RSPO) to facilitate

greater adhearance and know-how about

best practices for sustainable plantation

operations.

Some key areas of concern with regard

to environmentally friendly practices are set

out herewith.


OUR SUSTAINABLEOPERATING MODEL

Goodhope’s view of sustainability

BiodiversityEnsuring the preservation and enhancement

of biodiversity in our plantations whilst

protecting and conserving endangered

species is an important area of our

environmental best practices. Some

initiatives undertaken include the

rehabilitation of areas designated as riparian

zones, preservation of High Conservation

Value (HCV) areas, and building and

maintaining animal corridors in our

plantations.

Land DevelopmentWe have policies in place to ensure that we

do not plant/develop any peat land and

consider only degraded lands (not virgin

jungles) for oil palm cultivation. We maintain

riparian zones and HCV areas within our

plantations. We also maintain a zero burning

policy when undertaking land clearing

operations.

Soil ConservationGoodhope has a stringent policy for soil

conservation integrated into our plantation

development plans. Before we undertake the

development of land for oil palm cultivation,

we are careful to identify and keep

udisturbed the areas designated as ‘steep

areas’ for nature to take its course. Further,

areas identified as ‘moderate slope areas’

are selected for water and soil conservation

measures which are undertaken through the

application of erosion prevention controls

such as terracing of the terrain, constructing

proper drainage systems, mulching and

retaining the maximum land cover possible.

In addition, significant areas are set aside as

water catchment areas’ where the original

vegetation is usually le� intact and where

necessary, additional trees are planted.

MaterialsWe undertake sustainable practices such as

the safe use of fertilizers and pesticides, use

of palm kernel shells and other agricultural

waste as biomass fuel for power generation,

recycling of paper, and use of empty fruit

bunches and cut branches for natural

compost.

WaterSeveral initiatives are undertaken for the

conservation of water. These include

recycling waste water, which is then utilized

for cleaning purposes, safeguarding the

waterways during plantation development in

order to minimize the overflow of hazardous

chemicals and effluents into them. We also

monitor and provide clean drinking water to

the plantations.

Energy & EmissionsTo conserve energy and scarce resources,

Goodhope uses renewable energy sources

for the generation of thermal energy

wherever possible. This renewable energy is

then used in the oil mills for mill processing,

and in the management complex and

employee housing areas. We are also

proactive in controlling our emissions with a

long term vision of reducing our Carbon

Footprint.



Social SustainabilityGoodhope’s plantations form an integral part

of the community around us. The activities of

the plantation operations interact with, and

at the same time, impact the surrounding

community. Goodhope is mindful of its duty

to ensure that practices are community

friendly, local cultural and religious values

are respected and that we facilitate in the

economic empowerment and education

advancement of the community. At the same

time, many initiatives have also been taken

to facilitate the development of the

community and the villages adjoining our

plantations. In a similar manner; appropriate

programs are in place to ensure employee

welfare.

The CSR Framework depicted herewith

enables the Group to focus on relevant

programs to benefit both employees and the

community.

Education Advancement

The goal of this program is to help the

advancement of education for the children of

employees and the community surrounding

our plantations. This also addresses our

commitment towards the Millennium

Development Goal (MDG): where all children

universally should have the right to receive

and complete their primary education and

have access to a good quality education.

In line with this commitment the Group

has established the Agro Harapan

Foundation to guide and facilitate the

setting-up and operation of education and

school facilities in all our plantations. The

success of the foundation’s effort is

recognized by the very first school set up in

Central Kalimantan in Indonesia being

accredited with the highest rating

category (A grade) that a private school in

Indonesia could obtain. The school is

complete with a fully fledged science

laboratory, computing facilities, a library and

other facilities to offer a high quality

education to its students. The facilities are

on par with some city schools and give a

competitive edge to students who attend.

This program has enabled the children of

employees and the communities around our

plantations to obtain a quality primary

education and improve their future outlook,

through improved literacy rates and

employability.



PRIMARY PILLARS

> Economic Empowerment

> Education Advancement

SUPPORT PILLARS

> Health and Safety

> Public Infrastructure

> Community/Employee Relations


Economic Empowerment

Economic empowerment considers the

strategic shi� from a philanthropy

(charity/donation) angle to a more

sustainable empowerment program. The

primary aim of the economic empowerment

program is to encourage the people living in

the villages around our plantation operations

to become more self-reliant. This also

considers the need to give them greater

confidence and self assurance to take up

available challenges and opportunities. This

empowerment program addresses another

MDG: “that of eradicating extreme poverty

by 2015”.

In line with these commitments the

Group has already undertaken some

initiatives such as:

> PLASMA schemes - We believe that it is essential to actively engage the local community to be stakeholders in our business. One such initiative taken is the out-grower program known as PLASMA, in Indonesia, where community members are assigned specially allocated land which we develop in partnership with them. The produce from these PLASMA lands are bought back by us ensuring a guaranteed income to the PLASMA members.

> Outsourcing contracts to village contractors/suppliers where possible.

> Educating villagers on sustainable agricultural and fisheries practices in association with NGOs.

> Facilitating the set up of village level marketing outlets with the help of relevant local authorities to provide an easier access to villagers for the sale and purchase of produce.

> Promoting community entrepreneurship andalternative income generating activities through

available resources, such as

the utilization of locallyavailable resources such as “Pandanus” for creatinghandicra� items for household uses. We alsosupport home-based industry development, such as home-catering for traditional cakes and foods.




Support Functions

Health and Safety

Through this initiative, the Group strives to

educate and increase the level of health and

sanitation among our employees as well as

the communities and villages surrounding

our plantation operations. The aim is to

minimize the spread of contagious illnesses

among the community within which we

operate. To facilitate our objectives we

operate polyclinics that provide regular

medical check-ups, medical tests,

inoculations and family planning counseling.

We also have a 24-hour on-call doctor in our

plantations available to both employees and

community members. We also conduct

regular awareness campaigns on

health hazards and prevention of same.

Providing Infrastructure Facilities

Improvement in the life styles and living

standards of employees is a primary concern

of Goodhope. We therefore provide many

facilities that benefit our employees

including:

> Housing for the resident workforce

> Recreational and sports facilities

Further, Goodhope also undertakes other projects such as:

> Road building and maintenance

> Provision of clean drinking water

> Provision of generators

> Facilitating the supply of power in the surrounding villages

The above not only benefit our employees

but also their families and communities

surrounding our plantation operations.

Some of the Group’s efforts have also

been facilitated and enhanced by the

involvement of local government

organizations and NGOs.

Community/Employee Relations

Goodhope believes that relationships with

the community are vital to carry-out

sustainable operations and therefore strive

to behave in a socially responsible manner at

all times.

We have undertaken several initiatives

such as organizing Pay Day Bazaars and

assisting in religious celebrations of our

resident workforce. In addition,

co-operatives are set up to ensure the

availability of essential goods at a

reasonable price for employees and the

communities around our plantations.

Further, we regularly meet with and

assist Villagers/Government Officials

(Provincial Agencies and District Agencies)

and NGOs to build and maintain

relationships. In addition, we also take an

active interest in, and facilitate in events

organized to foster and promote religious

and cultural events in communities we

operate within.



Corporate Name:Goodhope Asia Holdings Ltd

Country of Incorporation:Singapore

Parent Company:Carson Cumberbatch PLC

Plantations:-Malaysia-Indonesia

Specialty Fats Refining Operations:-Malaysia-India

Regional Office:-Sri Lanka-Malaysia-Indonesia

Our Journey

Carsons establishesits tea and rubber estates in Sri Lankaand Malaysia.

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Oil Palm Plantations

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Edible Oils & Fats Locations

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Regional Offices

Our logo is the talaria, the wing that enabled the fabled Ancient Greek messenger Hermes (and his Ancient Roman counterpart Mercury) to fly at great speed. This represents speed, elevation, and aspiration.

Speed: because change is the one constant in today’s market. Our ability to change has also become the single most decisive constant if we are to navigate through and leapfrog our peers in developing market advantages.

Elevation: of focus and intent, because we need to work with imagination, insight and boldness if we are to define and give shape to ideas and strategies that deliver endurance and success.

Aspiration: from our formidable presence in oil palm, we now take flight and reach to new customers and partners, tracing an exciting skyline towards the future.

What our logo means:

www.goodhopeholdings.com

SingaporeGoodhope Asia Holdings LtdNo. 1, Kim Seng Promenade, #08-11/12 Great World City,West Tower,Singapore 237994Tel: + 65 66900120 Fax: + 65 6900122Email: [email protected]

MalaysiaPremium Oils and Fats Sdn BhdSuite 6.08, Level 6, Wisma UOA Damansara II, 6 ChangkatSemantan, Damansara Heights,50490 Kuala Lumpur, MalaysiaTel: + 60 3 20826200Fax: + 60 3 20935660Email: [email protected]

IndonesiaPT Agro Harapan Lestari Menara Global Building,16th Floor, Unit C - DJI, Jend. Gatot Subroto Kav. 27Jakarta Selatan, 12950, Indonesia Tel: + 62 21 52892260 - 61 - 62Fax: + 62 21 52892259Email: [email protected]

Sri LankaAgro Harapan Lestari (Pvt) LtdLevel 20, East Tower,World Trade Centre, Echelon Square,Colombo 01, Sri LankaTel: + 94 11 4357777Fax: + 94 11 4357788Email: [email protected]

IndiaArani Agro Oil Industries Pvt LtdUnit Nos. 306 & 307, 3rd Floor,Ashoka Capitol, Road No. 2, Banjara Hills, Hyderabad 500 034, Telangana, IndiaTel: + 91 40 23549907 - 08Fax: + 91 40 23549906Email: [email protected]

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Company Profile Goodhope

Investor Relations

Transcript of Company Profile Goodhope