2016 - Company Presentation

January 19, 2017

SIAT

Société d’Investissement pour l’Agriculture Tropicale

• Overview of the Group – geographic & shareholding

• Key Data

• Partnership

• Management principles

• Business development guidelines

• Corporate strategy

• The Future

‘Société d’Investissement pour l’Agriculture Tropicale’

(Tropical Agriculture Investment Company)

“Our vision is to acquire controlling stakes in tropical agro-industrial concerns and manage them

in a sustainable and profitable manner”

Key Figures of Year 2015

200 000 000 Euros Turnover annual

About 15 000 workers, 150 000 people covered

23% female workers

170 000 ha total concession

23 100 ha rubber plantation

37 500 ha palm plantation

3 Mills for CPO, 2 refineries for edible oil

3 rubber factories

100 000 MTs of CPO produced

60 000 MTs of dry rubber produced

No. 1 in Nigeria

No 2 in Gabon

No. 1 in Ghana

No. 3 in

Cote D’Ivoire

TOP 10 in

Cambodia

Partnership with Sinochem Group

On July 17th, 2012, SIAT entered into a partnership with the Singaporean based GMG Global Ltd,

a subsidiary of Sinochem Group from China, GMG acquired a 35% stake in the SIAT holding

company, in Belgium.

This minority share investment in SIAT by a Chinese partner is a very strong vote of confidence in

the management skills of SIAT in the field of tropical agro-industrial ventures.

1. China-EU association to develop emerging market economics

2. Land-bank worldwide

– Substantial land reserves for plantation development in

west/central Africa and south-east Asia

3. Financial strength

– Shareholders from Belgium, China, Singapore and the

Netherlands

– Stock Exchange listed subsidiaries in Nigeria and Gabon

4. Human Resource Talents

– More than 35 different nationalities in the group

– Young talents from Africa, Europe and Asia

– Agric Academy

5. International Marketing Network

Strength of SIAT Group

nv SIAT sa

Shareholding Structure

• Fimave nv 51,7%

• GMG Global Ltd 35,0%

• WIENCO Holding NL 11,6%

• Others 1,7%

SIAT at Glance @ May 2016

SIAT Cambodge - Cambodia, 100%

Rubber plantation - 500 ha

Concession - 17.000 ha

Greenfield development

DeRoose Plants- Belgium, 82%

Clone R&D on Rubber, Oil Palm, Cocoa

R&D and Production of Bromélia,

Belgium, China and U.S.

SIAT Gabon - Gabon, 98%

Rubber Plantation - 13.000 ha

20.000 MTs Dry Rubber

-----------------------

Ranch – 109.000 ha / 6.000 Head

SWIFT Rubber - Cambodia, 100%

Rubber plantation – 3.600 ha


PRESCO - Nigeria, 60%

Palm Plantation – 16.000 ha

40.000 MTs CPO / 4.000 MTs PKO

Refinery / Fractionation:30.000MTs

Sakponba Concession - 18,000 ha


SNL - Nigeria, 100%

Palm Plantation - 20.000 ha

of which 3,000 ha immature

20.000 MTs CPO

4.000 MTs PKO

GOPDC - Ghana, 100%

Palm Plantation – 7.200 ha

30.000 MTs CPO

3.000 MTs PKO

Refinery / Fractionation:30.000MTs

----------------------

Rubber Plantation – 500 ha

Concession – 5.000 ha

CHP - Prikro, Ivory Coast, 100%

Rubber Plantation – 1.100 ha

Concession - 5.600 ha


CHC - Cavally, Ivory Coast, 100%

Rubber Plantation – 6.000 ha


36,000 39,00044,000

48,00056,000 58,00056,000

60,000 63,000

81,000

100,000

120,000

2011 2012 2013 2014 2015 2016F

Overview of our Growing

Concessions (ha) Plantations (ha)

Immature MatureUn-plantable Plantable

Production (MTs)

Rubber CPO

(additional 109,000 ha of ranch)

Data as of Oct 2016

33,500

44,000 47,000 48,700 50,400 49,000

40,900

54,00058,000

61,00067,000

70,000

2011 2012 2013 2014 2015 2016F

106,000

128,000

167,000177,500 190,000 190,000

2011 2012 2013 2014 2015 2016F

Corporate Strategy

1. Majority equity participation in agricultural concerns

2. Value addition through downstream integration

3. Energy optimization (waste, effluents & gas)

4. Expansion through « growth from within - Land Bank »

5. Expansion through acquisitions

6. Spread of political risk through global diversification

7. Spread of market risk: rubber, oil palm & cocoa

Management Principles

1. Transparency

(Corporate Governance)

2. Environmental Responsibility

(RSPO, sustainable production, ...)

3. Social responsibility

(Community development, education, health, local farmer/ out-

growers schemes, ...)

Long term approach to strategic decision making

that recognizes the interests of all stakeholders.

1. Financially Feasible

2. Economically viable

3. Technically possible

4. Environmentally friendly

5. Socially beneficial

6. Politically acceptable

Business development guidelines

MINIMIZING THE IMPACT ON

THE ENVIRONMENT

USE OF GREEN

ENERGY

BIODIVERSITY

CONSERVATION

WORKERS’ SAFETY &

WELLBEING

RESEARCH AND

DEVELOPMENT

COMMUNITY

RELATIONS

RSPO (Roundtable on Sustainable Palm Oil) ISO 14 001 Certification FPIC (Free, Prior Informed Consent)

Sustainability In All Terms

R&D Tissue Culture – The future of the business

OUR AIM

The production of high

quality plant material for

the benefit of the

planters in the tropics.

The Future

- Sustainability of Operations

- H.R. Development – training of multinational young talent, our “SIAT Academy”

- R&D investment (cloning & production of high performance planting material)

- Implementation of best practices

- Cost optimization

- Environment friendly production (green energy)

- Continuous expansion of plantations

SIAT: « Sustainable In All Terms »

www.siat-group.com

2016 - Company Presentation

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