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20250325_BWPT_Laporan Informasi dan Fakta Material_31871099_lamp2.pdf
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PT. EAGLE HIGH PLANTATIONS TBK
(“EHPT”)
BUSINESS PLAN 2025 - 2029
STRICTLY CONFIDENTIAL - This document is for the internal use of PT. Rajawali Corpora and PT Eagle High Plantations Tbk. and no party other than PT. Rajawali Corpora and PT Eagle High Plantations Tbk. may rely on it. No representations shall be made and
no warranties shall be given in respect to this document. This document is the property of PT. Rajawali Corpora and PT Eagle High Plantations Tbk. and must not be disclosed, distributed or reproduced for distribution in any form and/or for any purpose. Any
party other than PT. Rajawali Corpora and PT Eagle High Plantations Tbk. who, by accident or otherwise, is in possession of the original or a photocopy of this document must return it to PT. Rajawali Corpora or PT Eagle High Plantations Tbk. or, at the request
of PT. Rajawali Corpora or PT Eagle High Plantations Tbk. , destroy it. PT. Rajawali Corpora and PT Eagle High Plantations Tbk. reserves all rights under the laws for any abuse by any party of this document
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CONSIDERATIONS FOR THE NEXT 5 YEARS
Favourable Plantation Profile:
1. Average age profile EHP to range at 13-15 years old.
2. Total managed planted area 150k Ha (inti + plasma 100k Ha with plasma mandiri & KSO 50k
Ha).
3. Will continue replanting for the next 10 years.
Prudent Financial Management & Operational Performance:
4. Loan to Ebitda ≤ 2x.
5. Expand trading business.
6. Continuous improvement to mechanization & digitalization for operational efficiency.
7. Prudent approach to capital, costs and risk management.
Strengthen ESG, Sustainability and Market Positioning:
5. Achieve RSPO and EUDR certifications.
6. Premium pricing
7. Commitment to green practices
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FOCUS ✓ EHP Grand Strategy ✓ Roadmap ESG ✓ 5 Year Assumptions ✓ Operational & Financial Highlights
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EHP GRAND STRATEGY
MAXIMIZING UTILIZATION COST EFFICIENCY & EFFECTIVENESS
1. Maximizing
Improve production efficiency to
Mills Utilization Digitalization
Digital Harvesting System, Estate Maintenance
2. New planting 90% 01 Online, Fleet Management System
3. Enhance extraction rate CPO & PK
02 Mechanization
Fertilization, Plant Maintenance, Harvest
PLASMA MANDIRI PROGRAMME Transportation
As of 2024: 7,500Ha
Target in 2029: 50,000Ha FUTURE DEVELOPMENT
Benefit: 03 • Kernel Crushing Plant
• Improving FFB yield • Biogas Power Plant
04
• Build strong relationship with local 04 • Biomass Power Plant
• New Palm Oil Mill
CARBON EMISSION REDUCTION • Mill Extension – 3 Mills
BuildRenewable
Build Renewable Energy
Energyinineach
eachMill
Mill
ENHANCE FINANCIAL PERFORMANCE
Environment
Environment Impact Sustainabilitygoal:
Impact & Sustainability goal: • CAGR double digit in 5 years
• • Reduce
Reducethe
the use
use of of chemical,
chemical, 05 06
• • Methane
Decreasecapture,
fossil fuel consumption,
• Reduce existing bank debt
• • Decrease
Restoredfossil
HCVfuel consumption,
area. around 2 – 3 times from EBITDA
• • Restored HCVin
Participate area.
Carbon Emission Trading
• Participate in Carbon Emission Trading
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ROADMAP ESG
RSPO Non-chemical Weeding GHG Emission Reduction
2022 2024 2024
8% 30 15% 5% 10
%
%
35
%
CSPO Organic
(RSPO certified Fossil Fuel
Farming
85-90
Sustainable Palm Reduction
65%
%
Oil
%
50
20
%
65%
%
60% 50
35%
Total CSPO: EHP plans to convert power generation
In 2024, EHP has initiated organic
• 2022: + 31,000 MT (10%) to renewable energy (Biogas, PLN, Biomass
farming in Central Kalimantan, this pilot
• 2023: + 67,000 MT (27%) and Solar) and reduce fossil fuel
project will be duplicate in other sites.
• 2024: ± 97,000 MT consumption.
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MAIN FOCUS 2025 – 2029
2025 2026 2027 2028 2029
Additional • Extension • New KCP in • New mill in • - • -
Processing BKRM Central East
Margin Kalimantan Kalimantan
Maintaning • Average age • Average age • Average age • Average age • Average age
Optimal 15.29 15.55 14.65 13.84 13.70
Age Profile
New
• 4,000 Ha • 5,000 Ha • - • - • -
planting
Replanting • - • - • 6,114 Ha • 5,954 Ha • 3,750 Ha
Financing • Sukuk IDR • New loan • New loan • New loan • New loan
Program 150B; Bond IDR 283B IDR 89B IDR 429B IDR 305B
IDR 100B
Loan to
• 2.95 • 2.52 • 1.90 • 1.79 • 1.65
EBITDA
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Business Plan 2025 – 5 Years Assumptions
Desc. UoM 2025 B 2026 F 2027 F 2028 F 2029 F
OER (blended) 23.22 23.68 23.76 23.82 22.83
%
KER (blended) 4.12 4.15 4.16 4.18 4.04
CPO Price 12,483 11,000 9,500 9,500 9,500
IDR/kg
PK Price 7.484 6,600 5,225 5,225 5,225
Mature upkeep cost IDR’000/Ha 8,518 7,918 7,918 7,918 7,918
Harvesting cost IDR/kg 259 259 250 250 250
Transport cost IDR/kg 55 55 55 55 55
Estate OH IDR’000/Ha 4,761 4,761 4,500 4,500 4,500
External FFB purchase price IDR/kg 2,709 2,200 1,900 1,900 1,900
Milling cost IDR/kg 99 99 99 99 99
Mill OH IDR/kg 49 49 36 36 36
Selling Expense:
CPO 226 226 220 220 220
IDR/kg
PK 345 345 250 250 250
G&A IDR’000/Ha 2,698 2,698 2,400 2,400 2,400
Re/planting/sisip program Ha 4,000 5,500 6,114 5,954 3,750
Plasma mandiri program IDR’000/Ha 5,000 5,000 5,000 5,000 5,000
Note:
• We assume commodity price will soften slowly from 2026 and all back to normal in 2027 onwards.
• Based on this assumptions, we expect fertilizer and diesel price will also soften and impact to our lower upkeep, transport, and
electricity costs. 7
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OPERATIONAL HIGHLIGHT 2025 – 2029
1%
1%
12% 18% -6%
-4% 28%
11%
-3% -3%
18%
-0.04%
13% -0.01% -0.05%
-0.02%
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FINANCIAL HIGHLIGHT 2025 – 2029
CAGR = 0%
CAGR = 0%
CAGR = 9%
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