Annual Report 2022

Cultivating excellence, emerging stronger

Golden Agri-Resources continues strengthening its competitive edge through operational excellence, plant and product innovation as a leading global seed-to-shelf palm-based business. Applied use of technology and responsible production values are the cornerstones of our growth strategy, allowing GAR to meet new trends in customer and consumer preferences and emerge stronger.

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ANNUAL REPORT 2022 FULL PDF


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APPENDICES TO THE NOTICE OF
2023 ANNUAL MEETING


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Chairman’s statement

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The Company delivered on all our financial priorities – achieving higher returns with more robust cash flows, strengthening the balance sheet, and rewarding our shareholders more.
Franky Oesman Widjaja
Chairman and Chief Executive Officer

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CHAIRMAN’S STATEMENT


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Financial performance

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FINANCIAL REVIEW


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CONSOLIDATED FINANCIAL
STATEMENTS


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Global Integrated Operations

GAR’s integrated operations focus on the technology-driven production and distribution of extensive portfolio of palm-based products. GAR encompasses an efficient end-to-end supply chain, from responsible production to global delivery. Our primary activities start from cultivating 538 thousand hectares of oil palm plantations in Indonesia, including plasma smallholders; harvesting and extracting fresh fruit bunches into crude palm oil and palm kernel; to processing it into a broad range of value-added products such as cooking oil, margarine, shortening, biodiesel and oleochemicals; as well as merchandising palm products globally.

GAR has global market presence with destination refining, ex-tank operations and sales representative offices in many large consuming countries. GAR’s products are sold globally to a diversified customer base by leveraging its extensive distribution network, strong merchandising, branding, and destination marketing. Our shipping and logistics capabilities are bolstered by our ownership of vessels, sea ports, jetties, warehouses and bulking facilities in strategic locations. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, and sugar businesses.

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Business Strategy

As a soil-to-table agribusiness player, we believe GAR can grow sustainably, capitalising on its capability to produce an extensive portfolio
of palm-based products with efficient end-to-end supply chain from sustainable sourcing to global delivery.

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Meeting Customers’ Needs

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Controlling the Physical
Flow of Our Products

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Embracing Science and
Technological Innovation

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Sustainability as Our
Business Imperative
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BUSINESS STRATEGY


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Operations review

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OPERATIONS REVIEW


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