FGV Annual Report 2020

With palm oil remaining as the mainstay of the Group’s business, the Board has been deliberately and carefully deploying appropriate resources into high value and synergistic businesses to mitigate the volatility of CPO prices. To achieve our goals, the Board together with the management has fine-tuned a three- pronged business plan and strategy that involve strengthening FGV’s palm oil business, developing new income from the circular economy and identifying adjacencies to existing revenue streams to optimise returns. The Boardwill ensure this Business Plan provides benefits to our smallholders, especially Felda settlers, whom we regard as our partners. Change for the Better We are progress i ng we l l wi th the execut i on of FGV ’ s Bus i ness P lans that have l ed to changes for the be t t er of the Group. Plantation Landbank in Malaysia and Indonesia (including land under LLA with Felda) 439,275 Ha 68 mills 7 3 100% MSPO and 49% RSPO Certified Rubber Processing Facilities Research & Development Centres 6 FGV HOLDINGS BERHAD Annual Integrated Report 2020