Boustead Plantations Berhad | Integrated Report 2023

OUR KEY CAPITALS Our ongoing progress as a Group is premised on six vital capitals, namely financial, manufactured, intellectual, human, social and relationship as well as natural. Providing diverse relationships and a network of resources, these interconnected assets ensure our business operations, including estates and palm oil mills, function in a well-maintained, consistent and sustainable manner. FINANCIAL CAPITAL MANUFACTURED CAPITAL INTELLECTUAL CAPITAL The profits from our effective business management, shareholders’ equity and funding from capital providers together comprise the financial capital that ensures our smooth day-to-day operations. With cost and returns optimisation a primary objective, we strive to focus on generating steady stakeholder value and increasing business volume through the expansion of our financial capital. Our manufactured capital are the tangible assets that sustain the Group-wide business operations. Instrumental to our success, the equipment, machinery, and infrastructure situated at our estates and palm oil mills are regularly and diligently maintained. All necessary upgrades are undertaken promptly to ensure these assets remain in optimal condition, which includes adhering to relevant industry standards. Innovation is the driving force of the numerous systems in our business that ensure operational efficiencies. Led by our research and development (R&D) associate, the team continues to make waves with strategic advances, such as the use of drones for enhanced estate management, improvements to the quality of our planting material, and the development of more sustainable biofertilisers. Coupled with continuous digital enhancement of our management, administration and accounting processes, we are able to consistently generate long-term stakeholder value. MARKET CAPITALISATION RM3.5 billion (2022: RM1.5 billion) TOTAL EQUITY RM2.8 billion (2022: RM2.9 billion) TOTAL ASSETS RM4.0 billion (2022: RM4.2 billion) FRESH FRUIT BUNCHES (FFB) PROCESSED 954,944 metric tonne (MT) (2022: 1,050,823 MT) 42 Operating Estates Electrostatic Precipitator 9 units 2 Tilting Sterilisers Wet Scrubber 1 unit 1 Tissue Culture Lab 10 Palm Oil Mills 1 Biogas Plant Particulate Matter Trapping System DIGITAL SOLUTIONS Enhancement of Operations including Drones and Artificial Intelligence R&D Strength and Capabilities ENHANCED PLANTING Materials Technology Boustead Plantations Berhad 036

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