CONFIDENTIAL NOT FOR UNAUTHORIZED CIRCULATION

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2 Vision We will be an integrated Globally Recognized Player in the food industry, whose people and performance lead change and deliver exceptional growth through innovation and technology. CONFIDENTIAL NOT FOR UNAUTHORIZED CIRCULATION No part of this publication may be reproduced, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Goodhope Asia Holdings Limited.

3 Mission We want to become the industry benchmark in the Oils & Fats market space, leveraging on Our entrepreneurial spirit, Our people and Our best practices, keeping the best interests of Our stakeholders in mind at all times, while stretching ourselves to create wealth, in line with our three core values FOCUSED, FLEXIBLE and FAST

4 Goodhope Asia Holdings Limited

5 Goodhope Asia Holdings Limited Goodhope Asia Holdings Ltd., incorporated in Singapore, is a holding company with investments in the Food Ingredient industry in Indonesia, Malaysia and India. Goodhope is a part of the group of companies that form Carson Cumberbatch PLC - a Sri Lankan Conglomerate with regionalized business interests ranging from plantations, oils & fats, beverage, property & real estate development, investments and financial services to leisure. The Carsons Group which has a history in the plantation business since the late 19th century has the inherent know-how and financial backing that lends strength and stability to propel its plantations, oils and fats business into the future. The Goodhope group, which entered Indonesia in 1996 by acquiring PT Agro Indomas in Central Kalimantan, has increased the total developed land extent to 80,421 hectares and has currently developed the necessary processing facilities. In Peninsular Malaysia, Goodhope currently owns and manages 1,398 hectares of Oil Palm plantations. In July 2011, Goodhope acquired three companies specializing in edible oil refining and specialty fats manufacturing. These companies based in Malaysia and India has given direct entry into the food ingredient industry to the Goodhope Group. Goodhope is emerging as a reputed player in the global food ingredient industry over the medium to long term. The Group has identified its business domain for investments as the food industry value chain with a primary focus on edible oils & fats, with access and control from origination to supply and distribution of value added products. Goodhope has put into operation this vision and plans to further integrate within the industry value chain through organic growth, strategic alliances, acquisitions and joint ventures. This will enable the Group to expand forward and backward within the identified value chain while simultaneously looking for opportunities in potential markets across continents. Currently Goodhope has developed a reputation for its expertise in plantation development and management. Significant growth achieved in land under development and cultivation from its original plantations of 1,800 hectares in Malaysia to currently having land bank of 156,998 hectares in Indonesia and Malaysia bear testimony to the success Goodhope has achieved during a short period of time, staying true to our core values. Over the years Goodhope has gained knowledge and know-how that has helped us become one of the leading companies in oil palm plantations in Indonesia. Goodhope s specialized management services arm supports its own plantations and has the capacity to support and undertake management of third party plantations, with offices in India, Indonesia, Malaysia, Singapore and Sri Lanka. Goodhope Corporate Profile P 03

6 Goodhope Asia Holdings Limited Goodhope s Long Term Growth Fundamentals Goodhope is a growing oil palm plantation company with a presence across the palm oil value chain, from plantation ownership to palm oil production, and edible oils refining & specialty fats production. We believe our strong foundation allows us to expect significant growth in production volumes and profitability. The key fundamentals are identified in the diagram below. Positive Growth Potential Significant Portion of Land Under Development 1 2 Young Age Profile of Oil Palms Positive Palm Oil Outlook 7 3 Strategically Located Oil Palm Plantations Track Record of Strong Growth and Profitability 6 4 Embracing of a Sustainable Business Model Goodwill and Support from Local Communities 5 Proven Business Model Goodhope Corporate Profile P 04

7 Goodhope Asia Holdings Limited 1 Significant Portion of Land Under Development Goodhope through its experience notes that suitable lands in Indonesia for the cultivation of oil palms is increasingly difficult to source and relevant approvals are increasingly time consuming to procure. Therefore, the 34,519 hectares of land under development which will be used for future cultivation, provides a strategic advantage to Goodhope in the longer term. We also own 1,398 hectares of freehold land bank in Malaysia which has attained commercial value. Nucleus Land Bank Profile (as at 31 Mar 2015) Planted Area (69,479 Ha) Infrastructure Area (10,942 Ha) Land Under Development (34,519 Ha) Conservation and Reserved Land (42,060 Ha) 27% 22% 7% 44% Developed Land (51%) Growth in Developed Land Over Last 5 years 000 Ha 100 Total Land Bank = 156,998 Ha FY2011 FY2012 FY2013 FY2014 FY2015 Mature Immature Infastructure Significant room to grow with 34,519 hectares of land under development and 15,591 hectares of land in its immature phase. 2 Young Age Profile of Oil Palms Age Profile of Plantations (as of 31 Mar 2015) Significant room for volume and yield growth due to our young age profile Immature (Below 4 years) (15,591 Ha) Young (4-6 Years) (17,834 Ha) Peak Production (7-12 Years) (22,944 Ha) 12 Years and Above (13,110 Ha) 18.9% 33.0% 22.4% 25.7% The weighted average age of the oil palms is 7.3 years as at 31st March 2015 with the oil palms yet to reach full potential. Approximately 48% of the planted area is yet to reach peak production age, while the oldest of the oil palm plantations approximates only 18 years, highlighting the potential for Goodhope to achieve economies of scale through lower operating costs and enhanced profitability on these past investments. Total Planted Land Bank = 69,479 Ha Goodhope Corporate Profile P 05

8 Goodhope Asia Holdings Limited 3 Strategically Located Oil Palm Plantations Close proximity / strategic location of oil palm plantations provide for cost/operational efficiencies Oil palm plantations in the Kalimantan region PTAJB PTBMS PTSMS PTSHP 13,999 Ha PTSSA 9,828 Ha PTAWL Mill 594,000 MT of processing capacity 30,173 Ha PTKMS PTAWL 25,115 Ha East Kalimantan PTAI Mill 297,000 MT of processing capacity West Kalimantan PTAB Mill 594,000 MT of processing capacity Central Kalimantan PTRIM 3,934 Ha PTAI 26,861 Ha South Kalimantan PTAB 24,931 Ha PTAI Mills 1,188,000MT of total processing capacity Bulking Station 30,000MT of total storage capacity PTAB Mill 396,000MT of total processing capacity Plantations Processing Mills / Bulking Station Our current and future plantations are located in close proximity to one another allowing for cost synergies and operational efficiencies through shared management expertise, logistics arrangements, plantation development activities and common facilities such as nurseries, palm oil processing mills and bulking infrastructure. Additionally Our plantations are strategically located with close proximity to ports giving us cost advantages. Goodhope Corporate Profile P 06

9 Goodhope Asia Holdings Limited 4 Embracing a Sustainable Business Model Balanced approach towards economic, environmental and social sustainability The Goodhope business model is based on the triple bottom line approach, taking into account the economic, environment and social considerations in making sound business decisions. This has enabled, Goodhope to achieve both operational and profit growth through a focus on managing dynamics relating to the society, community, natural resources and the industry environment. Our Results CPO Yields (Average) CPO Yields (Fully Mature Plantation - PTAI) MT / Ha MT / Ha FY2012 FY2013 FY2014 FY FY2012 FY2013 FY2014 FY2015 > Production of over 12 MT of FFB per Ha in the first 12 months of commercial maturity of our oil palms > Achieved high CPO yields from our fully mature plantation (PTAI) Goodhope Corporate Profile P 07

10 Goodhope Asia Holdings Limited Focused Fast Flexible We move at the speed of business. Speed and Agility in executing operational and strategic objectives. We are built to change. This makes us adaptive and agile at all times. We respond to the business environment by defining goals in relation to our capabilities and competencies. By inculcating a people centric culture that focuses on innovation, entrepreneurship, professionalism and a desire for excellence in all we do, Goodhope has the right mix to move forward to embrace identified opportunities. The Group s culture is strengthened by our commitment towards conducting our business with the highest standards of corporate behaviour, business ethics, integrity and professionalism. Our core values - Focused, Flexible and Fast underpin the drivers of Goodhope s business excellence and form the basis by which we undertake business activities. These values are lived by all our people and are further endorsed by their support values. Clarity & Concentration Expert & Precise Adaptive & Agile Empowered & Enabled Open & Worldly Visionary & Inspired Honest & Responsible Trusted & respected Diagram: Core and Support Values Goodhope Corporate Profile P 08

11 Goodhope Asia Holdings Limited Goodhope s Evolution ORGANIC + INORGANIC GROWTH 2015 Immature 15,591 Ha Mature 53,888 Ha Infrastructure 10,942 Ha Under Development 34,519 Ha Land Bank 156,998 Ha CPO Production 210,505 MT Bulk Oil Refining and Specialty Fats Manufacturing capacities to 320,508 MT per year Immature 14,719 Ha Mature 36,044 Ha Infrastructure 3,085 Ha Under Development 39,454 Ha Land Bank 149,270 Ha CPO Production 161,634 MT Acquired Bulk Oil Refining and Specialty Fats Manufacturing capacities of 292,729 MT per year 2011 Immature 2,816 Ha Mature 9,741 Ha Infrastructure and Reserves 3,416 Ha Land Bank 15,973 Ha CPO Production 33,203 MT Immature 15,824 Ha Mature 48,147 Ha Infrastructure 10,942 Ha Under Development 35,653 Ha Land Bank 156,998 Ha CPO Production 207,299 MT Enhanced Bulk Oil Refining and Specialty Fats Manufacturing capacities to 320,508 MT per year Immature 14,478 Ha Mature 12,881 Ha Infrastructure and Reserves 2,664 Ha Land Bank 30,023 Ha CPO Production 70,937 MT ORGANIC GROWTH ,398 Ha in Malaysia under cultivation Ventured into Indonesia by acquiring PT Agro Indomas with a Land Bank of 12,104 Ha Goodhope Corporate Profile P 09

12 CARSONS GROUP PARENT COMPANY PROFILE > Plantations, Oils and Fats > Portfolio & Asset Management > Beverage > Real Estate > Leisure Carson Cumberbatch PLC incorporated in Sri Lanka is the holding company of a diverse group of businesses, with business interests in plantations, oils and fats, beverages, investments and financial services (portfolio management), real estate and leisure sectors. Its business interests span regionally across Sri Lanka, Malaysia, Indonesia and India. The Group has many registered companies of which fourteen are listed on the Colombo Stock Exchange. The Carsons Group plans to regionalize its business base to growing markets by offering a new standard of excellence in products and services owned and operated by the Group. Backed by an heritage of well over 100 years, today it is positioned as a Company whose outlook is regional, focused on a future which is technology-oriented, results-driven and world class. As a Group focused on these fundamentals, the emphasis has been towards the creation of sustainable long term shareholder value in all business operations. The Group believes that creativity, dedication and innovative spirit of employees will mean the difference between success and failure of all business operations. Hence, Carsons is committed to rewarding employees based on merit and providing opportunities to grow and develop with the Group. Further, as a socially responsible corporate the Group has recognized the call for being sensitive to the needs of the environment within which all business operations take place and the widespread communities that the Group works with. The Carsons Group turnover stood at USD 678 million for the financial year ending March At present Carson Cumberbatch PLC is amongst the top five largest Companies (in terms of market capitalization) in the Colombo Stock Exchange (value of LKR 74.6 billion as at March 31, 2015 which translates to approximately USD 574 million). Goodhope Company Profile P 10

13 CARSONS GROUP SNAPSHOT OF THE SECTORS Plantations, Oils and Fats > 69,479 Ha of planted area > 34,519 Ha under development > Oils and fats refining and specialty fats processing facilities in Malaysia and India > Marketing network in oils and fats to over 50 countries Beverage > 82% market share in the Sri Lankan beer industry > Lion" Brand is the market leader in Maldives > State-of-the-art manufacturing facilities > Brews Carlsberg under license > Distribution rights for the legendary Mexican beer brand "Corona" > Sole Importer and Distributor of Diageo Portfolio of Brands > Rights to import and distribute Moet Hennessy portfolio of brands > Exports to five regions globally Portfolio & Asset Management > Total portfolio value of USD 255 million > Managers of the only dedicated country fund in Sri Lanka Leisure & Real Estate > Two hotels with 180 rooms > Owns 4 properties > Properties valued at USD 20 million Goodhope Company Profile P 11

14 Goodhope s Way Forward

15 Goodhope s Way Forward Expanding Across the Value Chain Goodhope is currently leveraging on its strengths in its core business of Oil Palm plantations, by expanding across the value chain into the food industry. We have plans to grow within this value chain by securing access and control from origination to supply. Goodhope, while focussing on investments in its plantations business will also identify value adding investments in the edible oils and fats and value chain adjacent businesses. These investments will enhance our product offering to a larger global market and enable us to reach the final consumer. It is in line with these plans that the Group acquired the specialized manufacturing capabilities of three companies in Malaysia and India which transformed Goodhope from a solely plantations owner to become a player with exposure to the overall global edible oils and fats industries. In order to complement and support our planned value chain expansion efforts, we will continue expansion of our oil palm plantations business. We have in place a land acquisition strategy through organic and inorganic means which will help secure the CPO required in the future for our edible oils and fats business. We plan to further enhance the supply chain of our plantations business through backward integration with fertilizer and seed suppliers to gain advantages through economies of scale. This will help protect the value created within our business and maximize the effective returns we deliver to all stakeholders. Our move to expand in the value chain also spreads the business risk exposure of being a pure plantations player in the industry. Entry into the edible oils and fats business automatically extends the feedstock and product lines to a wider array of products. However, more importantly, the resultant business dynamics and the new operating environment broadens the scope of operations for the Group and helps to create and sustain stakeholder value. This expanding horizon of Goodhope requires the building of an integrated and linked business model with access from origination to supply and distribution of its end products. The growing scope of businesses at Goodhope, will be supported by centralized back office functions at the corporate level. Our dedicated and experienced corporate management team will lead the way and provide direction to enable maximum shareholder returns. Industry Value Chain Goodhope s presence across the value chain is as follows: Plantation Food Ingredient Producer Food Producer Retailer Consumer Goodhope's Presence Owns plantations Has refining and specialty fats processing Produces cooking oil Owns regional brands Therefore reaches the final consumer Goodhope Corporate Profile P 13

16 Goodhope s Way Forward Business Structure Our strategic direction and plans bring forth the following business structure to enable the Group to optimize resources. The plantations, oils and fats asset base has been consolidated under a single holding entity, facilitating the expansion of the sector. Goodhope Asia Holdings Ltd (Incorporated in Singapore) Corporate Management Arm Investment Companies Oil Palm Plantations Segment Edible Oils and Fats Segment Premium Nutrients Private Limited (Incorporated in Singapore) Business Systems and Services Management Arm Malaysian Plantations Indonesian Plantations Trading Companies Management Arm Malaysian Processing Facilities Indian Processing Facilities ICT & Business Systems Business Process Management & Shared Services Goodhope Corporate Profile P 14

17 Our Business Operations

18 Our Business Operations OIL PALM PLANTAIONS SEGMENT Segmental Goals > Continue to focus on expanding land bank in Indonesia to sustain growth > Increase the Group s developed land bank by 29% within the next 3 years > Expand milling/processing capacity to cater to growing FFB volumes > Expand land bank to other overseas locations through organic and inorganic means At A Glance: Malaysian Plantations > 1,398 hectares mature across four plantation estates Indonesian Plantations > Mature and immature plantations: 69,479 hectares > Land Bank: 156,998 hectares > FFB milling capacity: 3,069,000MT per yr > Increase the Group s profile as a socially responsible, sustainable plantation company Key areas of excellence in our plantation operations include: * Above average oil yields per hectare, through the adoption of sustained agronomy and plantation management practices * Our mature plantation (PT Agro Indomas) generated an oil yield of 5.4MT per hectare during the year 2014/15 Goodhope Company Profile P 16

19 Our Business Operations Oil Palm Plantations Segment Goodhope Company Profile 2011 P 06 ISO 14001:2004 PT Agro Indomas, PT Agro Bukit PT Karya Makmur Sejahtera, PT Agro Wana Lestari and PT Rim Capital are Certified as ISO 14001:2004 since October 2007 Plantation Development The Group has a strong base in plantation development which is the result of the adoption of stringent policies and practices in sourcing high quality seeds, nursery management, plantation development and immature maintenance. This has resulted in the early maturing of new plantations with commercial harvesting commencing within months from planting, whilst generating high early yields with first year yields of 12-14MT being recorded in the first full year of maturity. This has helped position Goodhope as an industry benchmark in terms of our plantation management practices. Our operational focus at plantation level is to achieve above average oil yields per hectare, through the adoption of sustained agronomy and plantation management practices. Our mature plantations (PT Agro Indomas) were able to achieve an oil yield of MT per hectare during the last few years. The table below summarizes the current status of Goodhope s land bank. New land is being sourced in the regions of Central Kalimantan, South Kalimantan, West Kalimantan and East Kalimantan. The Group also has acquired land bank in West Papua (Irian Jaya). Goodhope also intends to continue expanding in Malaysia, where possible, and seeks opportunites in Central and West Africa. OHSAS 18001:2007 PT Agro Indomas, PT Agro Bukit PT Karya Makmur Sejahtera, PT Agro Wana Lestari and PT Rim Capital are Certified as OHSAS 18001:2007 compliant since January 2009 RSPO Membership Goodhope Asia Holdings Ltd, under the Oil Palm Growers category is an Ordinary Member of the RSPO since December 2014 RSPO Certification Both mills at PT Agro Indomas have been Certified by the RSPO as at September 2012 The mill at PT Agro Bukit has been Certified by the RSPO as at December 2015 Our key areas of excellence in plantation operations have helped position Goodhope as an industry benchmark in terms of plantation management practices Plantation (Hectares) Region/Areas Total Developed land Malaysia/Indonesia 80,421 Land under development Malaysia/Indonesia 34,519 Conservation land Indonesia 42,060 Total Land Bank Malaysia/Indonesia 156,998 Goodhope Company Profile P 17

20 Our Plantation Locations Goodhope Company Profile P 16

21 Goodhope Company Profile P 19

22 Our Business Operations Oil Palm Plantations Segment Oil Palm Processing Goodhope has a total Crude Palm Oil (CPO) milling capacity of 3,069,000MT per year. This comprises of four mills of 594,000MT per year capacity each; in operation within the Central Kalimantan region, one mill of 297,000MT per year capacity in the East Kalimantan region and one mill with a capacity of 369,000 in the South Kalimantan region. One mill with a capacity of 297,000MT per year is currently under construction in the West Kalimantan region. The Group also operates a Kernal Crushing Plant in Central Kalimantan with a capacity of 108,000MT per year. The Group also has a Bulking Station with a capacity of 30,000MT at the Bangendang Port, Sampit, Central Kalimantan. The Group has developed its internal competencies and project management skills in carrying out some of the civil engineering related work, which has led to significant cost savings and efficiency enhancements in construction of our oil mills and other projects. The multitude of initiatives implemented within our oil processing mills has enabled us to achieve and sustain oil extraction rates on par with the best within the region of Malaysia and Indonesia, which represents 90% of the industry. This has meant that our mature plantation in Central Kalimantan (PT Agro Indomas) was able to record an oil extraction rate of 22.06% during the financial year 2014/15, demonstrating the results of best practices adopted in agronomy and plantation management and the stringent quality assurance regime followed by all our plantations and mills. Key Result Areas Goodhope s FFB Yield based on age of Oil Palms 2013/ /15 4 to 6 years MT/Ha to 8 years MT/Ha to 10 years MT/Ha to 12 years MT/Ha Above 12 years MT/Ha Extraction Rates CPO % CPKO % emphasis on doing things to the best of our ability has enabled us to achieve and sustain oil extraction rates on par with benchmark companies in Malaysia and Indonesia, who are global leaders in the industry. Goodhope Company Profile P 20

23 Our Business Operations EDIBLE OILS & FATS SEGMENT Premium Vegetable Oils Sdn Bhd and Premium Fats Sdn Bhd are RSPO Supply Chain certifiied since October 2012 Segmental Goals > Expand production capacities and distribution capabilities focusing on high cinsumption market > Increase focus on specialty fats and expand the product portfolio At A Glance: > Total Bulk and Specialty Fats Production capacity: 320,508 MT per year > PK Solvent Extraction Plant capacity: 208,800 MT per year > CPO refining capacity: 104,400 MT per year * ISO 9001:2008 * ISO 22000:2005 * FSSC * GMP+ Certification * Halal Certification based on MS 1500:2009 standard * Kosher Certification * HACCP * MH 1480:2007 > Be widely recognized as a sustainable and responsible food industry player Goodhope Company Profile P 21

24 Our Business Operations Edible Oils & Fats Segment Processing Facilities In July 2011, Goodhope acquired three companies established in the refining and manufacturing of edible oils and fats products. These companies, namely Premium Vegetable Oils Sdn Bhd (PVO), Premium Fats Sdn Bhd (PF) and Arani Agro Oil Industries Pvt Ltd (AAO) (together known as Premium Group) form Goodhope s edible oils & fats business operations based in Malaysia and India. The specialty oils and fats products are based on palm kernel oil, palm oil and coconut oil including those refined, fractionated and interesterified products. Currently, the Group has a combined refining and manufacturing facility of 320,508MT per year which includes a Palm Kernel Solvent Extraction Plant with a capacity of 208,800MT per year in Malaysia. The Group is in the process of consolidating and increasing the capacities and product capabilities offered to customers, while simultaneously implementing process efficiencies to gain advantages of scale and cost competitiveness. Premium Group products are exported to over 50 countries worldwide including North America, Europe, the Middle East, South East Asia and Australia. The edible oils & fats segment products are tailored to meet customers demanding requirements and specifications. We strive to surpass customers expectations through technically advanced and cost effective production techniques and applied research and development capabilities. To this end we are also in the process of upgrading and enhancing our research and development capabilities to cater to customers demand for specialized and high quality products. One of the most critical aspects of producers of specialty fats is building competencies in customer centric applied research and development, in order to cater to specific client requirements. Goodhope Company Profile P 22

25 Our Business Operations VALUE CHAIN ADJACENCIES As the operations of the Group expand both in the oil palm plantations segment and in the edible oils and fats segment, it is essential that Goodhope secures access and control over key inputs and support functions ensuring sustained quality and constant supply stream to ensure its business operations are conducted in an uninterrupted manner. The Group also plans to further invest in the enhancement of agronomy management and support through capability building in analytical laboratory services. The Group works towards cost optimization through the ICT & Business Systems, and the Business Process Management Segments that provide support to the oil palm plantations and edible oils and fats businesses. This serves as value chain adjacent businesses that provide a multitude of services which encompass IT infrastructure to integrated business solutions, and allows us to reduce business process costs and enhance efficiencies. ICT and Business Systems Segment AHL Business Solutions (Pvt) Ltd (AHLBS) was set-up as a specialized unit to provide IT infrastructure support, integrated business solutions and IT Governance services to all Group entities across all our business segments. AHLBS operates within five key business verticals - ICT Infrastructure, Business Support Systems, Business Intelligence and Analytics, Solutions Development, and Consultancy Services. By operating within these verticals, AHLBS has enabled greater synergies to be gained by Goodhope s ICT assets, while the centralization and standardization of the Group ICT resources allows greater flexibility and adaptability. The Company foresees this structure facilitating the easy roll-out of new and advanced technology for the Group while enabling us to be prepared to integrate new businesses across our chosen value chain. AHLBS is certified by the British Standards Institute (BSI) for ISO 27001:2005, which is its Information Security Management System (ISMS). Business Process Management Segment The Business Process Management (BPM) Segment of the Goodhope Group; is highly process driven and specializes in providing financial and non-financial back office functionalities to all Group entities across all our business segments. The Segment s service portfolio includes Finance and Accounting Outsourcing (FAO), Business Process Outsourcing (BPO), Non-F&A BPO services and KPO services. Its capabilities include knowledge in deploying IT based automated data capturing solutions linking to back-office transaction processing services that will enable its clients to optimize process efficiencies and derive economies of scale. The Segment initially operated as an internal function; was separated as the BPM Segment of the Goodhope Group in April 2015 under a new Company namely Goodhope Investments (Pvt) Ltd (GIPL) to fulfil its long term direction to be a preferred premier BPM solution provider, that empowers the performance of a global client base. The strong governance framework which is in place ensures confidentiality and data protection within a well-established quality framework. Goodhope Company Profile P 23

26 Corporate Expertise

27 Corporate Expertise In line with the overall organizational design which is based on centrally coordinating all of the Group s operations, Goodhope has a corporate management team to provide strategic direction and policy development to the entire Group with support on operational matters being given by individual management services units in the different business segments. The business segments also benefit from a unified corporate brand identity and visibility, Group human resource initiatives, Group financing, Group level networking and contact building, legal and secretarial services and enterprise governance and risk management initiatives. Currently the Group has management services units for its oil palm plantations, edible oils and fats and value chain adjacent business segments, acting as centres of excellence for planning, management and control. Developing Our People Goodhope s learning and development interventions are geared towards enhancing personal growth and developing specific skills to meet new challenges and technologies. The Group perceives people to be the major strength in achieving corporate success. In-house seminars and training activities are organized to benefit various levels of staff throughout the year. The Group values team work and the innovative spirit of individuals. We foster a strong work ethic rooted in integrity, respect and transparency. This provides a solid foundation to strive for excellence in all facets of our organization. Our positive work culture encourages individuals to perform at an optimum level. As such, a key ingredient in the business model is the continuous build-up of a competent pool of human resources. Goodhope Company Profile P 25

28 Corporate Expertise Enterprise Governance and Enterprise Risk Management Enterprise Governance Goodhope recognizes that good enterprise governance is essential for success in the long term. Our commitment to excellence in corporate governance and enhancing shareholder value is promoted through our Good Enterprise Governance (GEG) framework which is deployed to all Group companies. The key elements of the GEG framework - Enterprise Risk Management, procedures and policies, business principles, internal controls and financial reporting framework - together set high standards for the Group s decision making process. The overall and final responsibility for enterprise governance lies with the Board of Directors. They set the standards at the highest level and cascade it across all Group companies. In order to achieve the objectives set by the Board, the GEG framework is further supported by a pre-defined set of systems and procedures together with dedicated Board Committees that execute and monitor its effectiveness on a continuous basis. Enterprise Risk Management The Group is exposed to many risks that arise due to the nature of business operations and the environment that the business operates within. The Enterprise Risk Management (ERM) process at Goodhope has been implemented taking into consideration these salient factors in the changing business environment. In implementing the business plan the Group has embedded ERM to its day to day business activities and has made it an integral part of its strategic decision making process. As a key element of the Group s Corporate Governance framework, the Group s risk profile is monitored and measured on a regular basis. An overview of the spread of risks at Goodhope can be found below. Diagram: Overview of Spread of Risks at Goodhope General Group Strategic Risks Business Segment Specific Risks Function Specific Risks Corporate Oil Plam Plantations Business Development Legal Edible Oils & Fats Finance Marketing Value Chain Adjacencies Human Resources Supply Chain/Procurement Management Arm Goodhope Company Profile P 26

29 Goodhope s View of Sustainability

30 OUR SUSTAINABLE OPERATING MODEL The nature of Goodhope s business operations is such that it interacts with the environment and the society thus influencing and impacting the same. We realize the importance of climate change and ensuring the ability of future generations to sustain itself. Hence as a Group whose business revolves around an agricultural theme, we need to exercise responsibility and care in creating sustainable growth for all our stakeholders. This view has been the reason that Goodhope has embraced the triple bottom line approach to build a sustainable business model. To help us achieve this, we have a dedicated department overlooking the Environmental and Social Sustainability aspects while the organization strives to achieve Economic Sustainability. This underlines our belief that the Group must consider the wider social and environmental aspects in the long term while economic profit to shareholders is maximized. Therefore we will continue to achieve economic profit while ensuring that the natural environment, our employees and the communities surrounding our business operations do not suffer any adverse effects. Environmental Sustainability The environment forms an integral part of the Group s sustainable operations. We have put in place many initiatives and processes to implement our values and beliefs in this regard. The Group is a member of the Roundtable on Sustainable Palm Oil (RSPO) to facilitate greater adherence and know-how about best practices for sustainable plantation operations. Some key areas of concern with regard to environmentally friendly practices are set out herewith. Goodhope Company Profile P 28

31 Goodhope s view View of sustainability Sustainability Biodiversity Ensuring the preservation and enhancement of biodiversity in our plantations whilst protecting and conserving endangered species is an important area of our environmental best practices. Some initiatives undertaken include the rehabilitation of areas designated as riparian zones, preservation of High Conservation Value (HCV) areas, and building and maintaining animal corridors in our plantations. Land Development We have policies in place to ensure that we do not plant/develop any peat land and consider only degraded lands (not virgin jungles) for oil palm cultivation. We maintain riparian zones and HCV areas within our plantations. We also maintain a zero burning policy when undertaking land clearing operations. Soil Conservation Goodhope has a stringent policy for soil conservation integrated into our plantation development plans. Before we undertake the development of land for oil palm cultivation, we are careful to identify and keep undisturbed the areas designated as steep areas for nature to take its course. Further, areas identified as moderate slope areas are selected for water and soil conservation measures which are undertaken through the application of erosion prevention controls such as terracing of the terrain, constructing proper drainage systems, mulching and retaining the maximum land cover possible. In addition, significant areas are set aside as water catchment areas where the original vegetation is usually left intact and where necessary, additional trees are planted. Materials We undertake sustainable practices such as the safe use of fertilizers and pesticides, use of palm kernel shells and other agricultural waste as biomass fuel for power generation, recycling of paper, and use of empty fruit bunches and cut branches for natural compost. Water Several initiatives are undertaken for the conservation of water. These include recycling waste water, which is then utilized for cleaning purposes, safeguarding the waterways during plantation development in order to minimize the overflow of hazardous chemicals and effluents into them. We also monitor and provide clean drinking water to the plantations. Energy & Emissions To conserve energy and scarce resources, Goodhope uses renewable energy sources for the generation of thermal energy wherever possible. This renewable energy is then used in the oil mills for mill processing, and in the management complex and employee housing areas. We are also proactive in controlling our emissions with a long term vision of reducing our Carbon Footprint. Goodhope Company Profile P 29

32 Goodhope s view View of sustainability Sustainability Social Sustainability Goodhope s plantations form an integral part of the community around us. The activities of the plantation operations interact with, and at the same time, impact the surrounding community. Goodhope is mindful of its duty to ensure that practices are community friendly, local cultural and religious values are respected and that we facilitate in the economic empowerment and education advancement of the community. At the same time, many initiatives have also been taken to facilitate the development of the community and the villages adjoining our plantations. In a similar manner appropriate programs are in place to ensure employee welfare. The CSR Framework depicted herewith enables the Group to focus on relevant programs to benefit both employees and the community. employees and the communities around our plantations to obtain a quality primary education and improve their future outlook, through improved literacy rates and employability. Education Advancement The goal of this programme is to help the advancement of education for the children of employees and the community surrounding our plantations. In line with this commitment the Group has established the Agro Harapan Foundation to guide and facilitate the setting-up and operation of education and school facilities in all our plantations. The success of the foundation s effort is recognized by the very first school set up in Central Kalimantan in Indonesia being accredited with the highest rating category (A grade) that a private school in Indonesia could obtain. The school is complete with a fully-fledged science laboratory, computing facilities, a library and other facilities to offer a high quality education to its students. The facilities are on par with some city schools and give a competitive edge to students who attend. This program has enabled the children of PRIMARY PILLARS > Economic Empowerment > Education Advancement SUPPORT PILLARS > Health and Safety > Public Infrastructure > Community/Employee Relations Goodhope Company Profile P 30

33 Goodhope s view View of sustainability Sustainability Economic Empowerment Economic empowerment considers the strategic shift from a philanthropy (charity/donation) angle to a more sustainable empowerment program. The primary aim of the economic empowerment program is to encourage the people living in the villages around our plantation operations to become more self-reliant. This also considers the need to give them greater confidence and self-assurance to take up available challenges and opportunities. In line with these commitments the Group has already undertaken some initiatives such as: > PLASMA schemes - We believe that it is essential to actively engage the local community to be stakeholders in our business. One such initiative taken is the out-grower program known as PLASMA, in Indonesia, where community members are assigned specially allocated land which we develop in partnership with them. The produce from these PLASMA lands are bought back by us ensuring a guaranteed income to the PLASMA members. handicraft items for household uses. We also support home-based industry development, such as home-catering for traditional cakes and foods. > Educating villagers on sustainable agricultural and fisheries practices in association with NGOs. > Outsourcing contracts to village contractors/suppliers where possible. > Facilitating the set-up of village level marketing outlets with the help of relevant local authorities to provide an easier access to villagers for the sale and purchase of produce. >Promoting community entrepreneurship and alternative income generating activities through available resources, such as the utilization of locally available resources such as Pandanus for creating > Educating villagers on sustainable agricultural and fisheries practices in association with NGOs. Goodhope Company Profile P 31

34 Goodhope s View of Sustainability Support Functions Health and Safety Through this initiative, the Group strives to educate and increase the level of health and sanitation among our employees as well as the communities and villages surrounding our plantation operations. The aim is to minimize the spread of contagious illnesses among the community within which we operate. To facilitate our objectives we operate polyclinics that provide regular medical check-ups, medical tests, inoculations and family planning counseling. We also have a 24-hour on-call doctor in our plantations available to both employees and community members. We also conduct regular awareness campaigns on health hazards and prevention of same. Providing Infrastructure Facilities Improvement in the life styles and living standards of employees is a primary concern of Goodhope. We therefore provide many facilities that benefit our employees including: > Housing for the resident workforce > Recreational and sports facilities Further, Goodhope also undertakes other projects such as: > Road building and maintenance > Provision of clean drinking water > Provision of generators > Facilitating the supply of power in the surrounding villages The above not only benefit our employees but also their families and communities surrounding our plantation operations. Some of the Group s efforts have also been facilitated and enhanced by the involvement of local government organizations and NGOs. Community/Employee Relations Goodhope believes that relationships with the community are vital to carry-out sustainable operations and therefore strive to behave in a socially responsible manner at all times. We have undertaken several initiatives such as organizing Pay Day Bazaars and assisting in religious celebrations of our resident workforce. In addition, co-operatives are set up to ensure the availability of essential goods at a reasonable price for employees and the communities around our plantations. Further, we regularly meet with and assist Villagers/Government Officials (Provincial Agencies and District Agencies) and NGOs to build and maintain relationships. In addition, we also take an active interest in, and facilitate in events organized to foster and promote religious and cultural events in communities we operate within. Goodhope Company Profile P 32

35 Corporate Name: Goodhope Asia Holdings Ltd Country of Incorporation: Singapore Parent Company: Carson Cumberbatch PLC Plantations: -Malaysia -Indonesia Specialty Fats Refining Operations: -Malaysia -India Regional Office: -Sri Lanka -Malaysia -Indonesia Our Journey Carsons establishes its tea and rubber estates in Sri Lanka and Malaysia.

36 What our logo means: Our logo is the talaria, the wing that enabled the fabled Ancient Greek messenger Hermes (and his Ancient Roman counterpart Mercury) to fly at great speed. This represents speed, elevation, and aspiration. Speed: because change is the one constant in today s market. Our ability to change has also become the single most decisive constant if we are to navigate through and leapfrog our peers in developing market advantages. Elevation: of focus and intent, because we need to work with imagination, insight and boldness if we are to define and give shape to ideas and strategies that deliver endurance and success. Singapore Goodhope Asia Holdings Ltd No. 1, Kim Seng Promenade, #08-11/12 Great World City, West Tower, Singapore Tel: Fax: reachus@goodhope-sg.com Sri Lanka Agro Harapan Lestari (Pvt) Ltd Level 20, East Tower, World Trade Centre, Echelon Square, Colombo 01, Sri Lanka Tel: Fax: reachus@goodhope-lk.com Malaysia Premium Oils and Fats Sdn Bhd Suite 6.08, Level 6, Wisma UOA Damansara II, 6 Changkat Semantan, Damansara Heights, Kuala Lumpur, Malaysia Tel: Fax: premiumenquiry@goodhope-my.com Originally Prodduced - November 2011 Last Updated - September 2015 Aspiration: from our formidable presence in oil palm, we now take flight and reach to new customers and partners, tracing an exciting skyline towards the future. Indonesia PT Agro Harapan Lestari Menara Global Building, 16th Floor, Unit C - D JI, Jend. Gatot Subroto Kav. 27 Jakarta Selatan, 12950, Indonesia Tel: Fax: reachus@goodhope-id.com India Arani Agro Oil Industries Pvt Ltd Unit Nos. 306 & 307, 3rd Floor, Ashoka Capitol, Road No. 2, Banjara Hills, Hyderabad , Telangana, India Tel: Fax: reachus@goodhope-in.com