VALUE FOR OUR STAKEHOLDERS OUTPUT 01 FFB: 831,816 MT 02 Crude Palm Oil (CPO): 198,972 MT 03 Palm Kernel (PK): 37,335 MT 04 Biomass (palm fronds, trunks, EFB, palm fibres, kernel shells, POME) • EFB: 214,340 MT • Fibres: 124,143 MT • Shells: 47,747 MT • POME cake: 2,800 MT • Boiler ash: 3,666 MT • POME discharge: 1,024,888 m³ (Assume density 1,000kg per m³ POME) 05 Biogas produced for methane capture: 934,811 m³ 06 Renewable energy (from biogas): 794 MWh 07 Fuel (fibre and shells used as boiler fuels in the palm oil mills): • Fibre: 124,143 MT • Shell: 47,747 MT 08 Fertilisers (from fronds, composted EFB and treated POME): • EFB (mulching): 187,912 MT • Solids from dewatering system: 2,800 MT • POME land irrigation: 816,796 m3 MANUFACTURED CAPITAL Production and sales of certified high-quality sustainable products • CSPO RSPO production: 140,815 MT (2022: 126,723 MT) • Yield: 13.9 MT per ha (2022: 13.0 MT per ha) • CSPK RSPO production: 24,871 MT (2022: 21,301 MT) • Operational capital expenditure: RM53 million (2022: RM45 million) • Significant operational efficiencies and synergies • Replanting cost: RM100 million (2022: RM41 million) INTELLECTUAL CAPITAL R&D and technology driven to optimise yield • Superior, high-yielding planting materials of AA Hybrida and AA VITROA with high oil to bunch ratios of more than 25% and above 28% respectively • All palm oil mills and estates: 100% MSPO certified • 6 out of 10 palm oil mills and 19 estates: RSPO certified • All 10 palm oil mills upgraded to ISO 9001:2015 by Sirim QAS International • Deployment of 38 units of Zip Zap battery-operated cutters across 6 estates • Two units of Tapir and two units of Land Surf are concentrated and being evaluated for mechanised in-field collection in Malaya Estate • Implementation of a pilot project for digital replanting utilising drone technology at Boustead Ruku-Ruku, Boustead Pertama and Boustead Sungai Lokan Estate HUMAN CAPITAL • Training investment: RM165 per employee (2022: RM100 per employee) → Increase by 65% • Number of training attendances: 30,477 (2022: 10,092) → Increase by 302% • Total hours of training: 8.7 hours per year per employee (2022: 5.7 hours per year per employee) • Number of training programmes: Conducted and participated 1,230 programmes (2022: 253) • Providing a healthy and safe working environment • Inculcating an inclusive work environment • Investment in employee training and development and staff welfare RM6.0 million (2022: RM4.6 million) NATURAL CAPITAL Sustainable palm oil practices support climate action and maintain ecosystem health. Waste • Total Solid biomass: 392,696 MT (2022: 430,525 MT) • Fibre: 124,143 MT (2022: 136,607 MT) • Shell: 47,747 MT (2022: 43,986 MT) • EFB: 214,340 MT (2022: 241,907 MT) • Solids from dewatering system: 2,800 MT (2022: 2,301 MT) Water • Water withdrawal intensity for milling processing: 1.3 m3 per MT FFB (2022: 1.3 m³ per MT FFB) • Waste water discharged (POME): 1,024,888 m3 (2022: 920,271 m3) • Key focus and investments in biogas produced from methane capture: 934,811 m3 (2022: 1,407, 217 m³) • Renewable energy generated: → Biogas: 794 MWh (2022: 1,160 MWh) → Power generation from steam turbine: 19,016 MWh (2022: 21,717 MWh) • No deforestation. Protection of high conservation value areas 576 ha identified within our estates Air pollution control systems • Particulate matter emission: <150 mg per m³ (2022: <150 mg per m³) SOCIAL AND RELATIONSHIP CAPITAL • Socio-economic investment RM4.9 million (2022: RM3.5 million) • Total procurement spending on local suppliers at Boustead Estates Agency Sdn Bhd: 100% (2022: 100%) • Taxation paid: RM58 million (2022: RM152 million) • Zakat paid: RM4 million (2022: RM3 million) • Committed to ensuring social-economic development for all stakeholders • Improve livelihoods and uphold land rights of local communities FINANCIAL CAPITAL Rewarding Shareholders • Dividend payout ratio: 53% (2022: 54%) • Dividend payout: RM22 million (2022: RM324 million) • Share price: RM1.55 (2022: RM0.65) Profitable growth • Revenue: RM852 million (2022: RM1,177 million) • Profit for the year: RM36 million (2022: RM589 million) • Earnings before interest, taxation, depreciation and amortisation: RM231 million (2022: RM425 million) • Return on equity: 1.4% (2022: 20.9%) • Net assets per share: RM1.30 (2022: RM1.33) OUTCOMES Integrated Report 2023 039
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