Boustead Plantations Berhad | Integrated Report 2023

01 Operational Yield 02 Effective Cost and Efficiency 03 Best Practices/ Certification 01 Drive core activities to full potential 02 Yield improvement programme 03 Estate and palm oil mill cost optimisation 04 Operational efficiency of estates and palm oil mills 05 Awareness on the best developed practices and good agricultural practice Estate and Palm Oil Mill Integration 01 Environmental 02 Certification 01 Optimisation of land 02 Value creation for palm oil mill 03 Continuous improvement on palm oil mill 04 Palm oil mills’ new business income 01 Digitalisation 02 Mechanisation 03 Technology 04 Innovation, Research and Development 01 Technology-based operations and management 02 Process improvements to strengthen operations and management 03 Innovative product development 04 Boustead Life Sciences Research Sdn Bhd Tissue Culture Capability 01 Refinancing 02 Reinvestment/ Fundraising 03 Dividend 04 Interest Cost 01 Strengthening balance sheet (Debt-to-Equity ratio) and profitability 02 Alternative funding and financing 03 Finance capital expenditure, replanting and land expansion (plantation management thrust) 04 Collaborative investment and finance projects (growth, digital and technology thrusts) 05 Maximise shareholders’ value 06 Minimise interest expenses STRATEGIC REVIEW FIVE-YEAR STRATEGIC ROADMAP OUR STRATEGIC OBJECTIVE “BPlant towards becoming a sustainable technology-based plantation company” Our People Strategy-driven organisation structure Our Processes Best practices in operational management Technology-based Systems Environmental, Social and Governance Plantation Management Growth Capital/Asset Management Digitalisation and Technology OUR ENABLERS THRUST STRATEGIC FUNCTIONS STRATEGIC THRUSTS Boustead Plantations Berhad 060

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