Annual Report 2021

Leading change, emerging stronger

A leading global palm-based agribusiness, Golden Agri-Resources (GAR) is driven by visionary leadership focusing on innovation, collaboration, learning, and performance. We seek ground-breaking innovations to deliver operational changes, enhance our competitive advantage, keep us at the cutting edge of the industry, and perpetuate our growth. Technology and responsible production are the cornerstones of our transformation to be a resilient and future-ready business. We are determined to lead the change in this rapidly evolving sector and emerge stronger.

icon

ANNUAL REPORT 2021 FULL PDF


Download here

icon

APPENDICES TO THE NOTICE OF
2022 ANNUAL MEETING


Download here

Chairman’s statement

We believe that it is imperative to embrace technological advancement to systematically build advantages into our business operations, to sustain our superior productivity and cost competitiveness.
Franky Oesman Widjaja
Chairman and Chief Executive Officer

icon

CHAIRMAN’S STATEMENT


Download here

Financial performance

icon

FINANCIAL REVIEW


Download here

icon

CONSOLIDATED FINANCIAL
STATEMENTS


Download here

Integrated business model provides robust profit base

GAR’s integrated operations focus on the technology-driven production and distribution of an 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 536 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 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.

Strategy in pursuing sustainable growth

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.

We Meet Our
Customers’ Needs

We Control the Physical
Flow of Our Products

We Embrace Science and
Technological Innovation

Sustainability is Our
Business Imperative

icon

STRATEGY IN PURSUING
SUSTAINABLE GROWTH


Download here

Operations review

icon download

OPERATIONS REVIEW


Download here

Previous annual reports