#1IOI GROUP IOI CORPORATION BERHAD CGS-CIMB 2nd Malaysia Virtual Corporate Day 19 July 2022#2IOI GROUP Integrated Value Chain ◉ Fully integrated business model with upstream and downstream operations to mitigate the impact of commodity price fluctuations. The downstream business creates a natural hedge against palm oil volatility due to negative correlation of its earnings with palm oil prices. Plantation Input: ■ Land ■ Production resources Agriculture equipment ■ Workers Biomass recycled Breeding: ■ Plant breeding EFB, Fronds, Trunks Plantation Seed production Nursery ■ Tissue culture Resource-based manufacturing Solar & Cogeneration Trunks Palm Wood (Future development) Plant Power Oleochemical Fatty Acids & Glycerine Soap Noodles & Esters Specialty Chemicals Seedlings Workers' Housing & Facilities Power Note: (1) Legends Inputs Outputs Mills FFB Other Oils СРО, PK Refinery & Kernel Crushing Palm oil, PKO Power Palm fibres, POME Methane capture Power Biomass & Biogas Cogeneration Plant Power Business activities Public Power Grid (Future Opportunity) Circular economy Food Ingredients Specialty Oils & Fats (1) Fractions Infant Nutrition Other Oils EFB - Empty Fruit Bunches; FFB - Fresh Fruit Bunches; CPO - Crude Palm Oil; PK - Palm Kernel; PKO – Palm Kernel Oil; POME - Palm Oil Mill Effluent 30% owned associate company, Bunge Loders Croklaan. Non-Food Applications 2#3IOI GROUP Plantation Key information Total planted area (1) 175,361 Ha Total FFB production 2.7m MT Operating Units 96 estates & 15 mills (Malaysia & Indonesia) R&D Capabilities 4 R&D centers & 1 Bio-Tech center • • Key Competitive Strengths Strong agronomy capabilities & estate management practices. IOI Palm Biotech is a leading tissue culture facility producing high-yielding planting material. 100% of Malaysian plantations (2) are both RSPO and MSPO certified. Holds 32% interest in an associate company, Bumitama Agri Ltd, which has a planted nucleus area of 133,000 ha as at 30 June 2021 (effective interest is approx. 43,000 ha). (1) Excludes those owned by associate companies (2) Excluding Serawak concessions, which are 2% of total group planted area 3#4IOI GROUP Plantation - Oil Palm Age Profile Oil Palm Hectarage by Age 19% 11% Group -31% 39% Past Prime Prime Young Immature Total Oil Palm Planted Area 176,926 Ha FFB yields and Oil Extraction Rates (OER) Weighted average planting age: 13.5 years 23.0 21.8 21.4 21.4 2019 21.2 20.8 2020 FFB Yield per mature ha 2021 OER (%) 4#5IOI GROUP Highlights Plantation • . • Implemented mechanisation of FFB Main Line Evacuation to 75% of total estates areas as at June 2022, and expected 100% completion by year 2023. Implemented e-wallet payment system to 93% of plantation operating units to automate and simplify workers' payroll system as at end of FY2022. Full implementation of SAP ERP system and mobile crop monitoring system in all Malaysian plantations. www 1-1-1 5#6IOI GROUP Resource-Based Manufacturing . • The resource-based manufacturing business, comprising of refining, oleochemical and specialty oils and fats sub-segments. • Presence in specialty oils and fats sub-segment is represented by Bunge Loders Croklaan, a 30%-owned associate company. Key information Key Competitive Strengths Oleochemical capacity Refining capacity • 780k MT/year 1.8m MT/year 6 Manufacturing facilities (in Malaysia and Germany) Specialty oils and fats capacity 1.1m MT/year 6 Manufacturing facilities (in Malaysia, Netherlands, USA, Canada, Ghana and China.) Largest fatty acids producer in Malaysia Pioneer and first in the industry to manufacture palm based oleochemical products. Established global partnerships with food, pharmaceutical and cosmetic MNCs with export to over 80 countries worldwide. IOI Oleo GmbH, Germany 6#7IOI GROUP Resource Based Manufacturing Highlights 山 • Refinery • Oleochemical • Specialty oils & fats (associate) CPO is 100% traceable to mill and 93% to plantation. PKO is 100% traceable to mill and 87% to plantation. . • • New 110,000 MT/year capacity oleochemical plant in Prai, Penang is slated to complete by Q3 2022. New soap noodle plant in Pasir Gudang, Johor to be completed by Q3 2022. Owner of 19 patents for pharmaceutical applications via IOI Oleo GmbH, Germany. Production sites in Witten and Wittenberge completely switched to 100% green electricity. Bunge Loders Croklaan's launched a premium lipid ingredient for infant milk formula that mimics the fat composition of mother's milk. Increased sales of low 3-MCPD and high-end MCT ("medium chain triglycerides") use in nutritional and healthcare products. 7#8IOI GROUP Group Financial Snapshot Key financials and operational statistics (financial year ending 30 June) (RM million) Revenue EBIT Net profit(¹) Segment result (2) FY2019 FY2020 FY2021 YTD Q3 FY2022 7,386 7,802 11,252 11,843 1,077 1,138 1,741 1,739 618 602 1,416 1,219 2% 35% 47% FY2019 FY2020 53% 63% ■Plantation Source: Company annual report. Note: FFB: Fresh fruit bunches. MT: tonnes. Ha: hectares. 36% FY2021 64% Resource-based manufacturing Others (1) Net profit after tax including profit attributable to both owners of parents and non-controlling interests. (2) Based on segment results as disclosed in segmental information note in audited financial statements. 13% YTD Q3 FY2022 86% 8#9IOI GROUP IOI Five-Year Plan (2020-2024) • Progress from a cost competitive palm oil producer to a high value-added diversified palm-based products producer, to increase resilience and competitiveness for the future " 1 Increase yield ■ Target: Increase plantation oil yields by 15% by 2024 ■ Utilise elite clonal palms in 50% of our replanting materials. ■ Ensure proper fertiliser application to increase target yields. 2 Optimize workforce 3 Diversify ◉ ■ ■ Target: Reduce workforce by more than 25% by 2024 and increase plantation worker productivity by 3% every year Implemented Mechanised FFB Main Line Evacuation System in 75% of estates. Implemented SAP ERP and mobile crop monitoring in Malaysian plantations. Employing mechanical fertiliser spreaders and chemical sprayers. ■ Target: Diversify planting of crops ■ Plant three types of fast growing and high value crops such as coconut. crops 9#10IOI GROUP IOI Five-Year Plan (2020-2024) • Progress from a cost competitive palm oil producer to a high value-added diversified palm-based products producer, to increase resilience and competitiveness for the future (cont'd) ef 4 Increase the non-CPO segment LO 5 Grow the oleo- chemical segment Target: Convert oil palm by-products and processing waste into value-added products at a competitive cost (circular economy) ■ Build IOI Palm Wood factory and commence high performance palm wood boards and panels production in Q3 2023. ■ Installed methane gas capture facilities in 12 mills, out of which 9 produce power in addition to biogas for steam boiler. Explore other new conversion technologies for our bio-mass. ■ Target: Increase oleochemical segment's sales volume by 15% and profitability by 25%; Constructing new 110,000 MT/year capacity oleochemical plant in Prai, Penang which is slated to complete by the third quarter of 2022. Constructing a new soap noodle plant in Pasir Gudang, Johor. ■ A new pilot plant for pharmaceutical excipients and active ingredients has commenced operations in Germany. HOW 101 PALM WOOD TRANSFORMS OPT INTO SUSTAINABLE MATERIALS Harvesting OPT Packing/Delivering Cut to Size OnCoire Drying ********* Pressing 111 DECCOCOD Gluing 10#11IOI GROUP ESG at IOI IOI is fully committed to sustainable palm oil Environment No Deforestation, No New Planting on Peat, No Social Exploitation ("NDPE") since 2016; Progressively reducing Greenhouse Gas ("GHG") emissions (2025 Target: To reduce GHG emissions by 41% from 2015 levels); Protection of High Conservation Value ("HCV") and High Carbon Stock ("HCS") areas. 12 RESPONSIBLE CONSUMPTION AND PRODUCTION Q 13 CLIMATE ACTION LIFE 15 ON LAND గి 888 Social Eliminate all forms of illegal, forced labour or child labour in our operations or supply chains; Responsible recruitment practices including “No Recruitment Fee” policy; Occupational safety & health; Employees' well-being; Empowerment & inclusion; ✓ Community engagement. 2 ZERO HUNGER SSS 8 DECENT WORK AND ECONOMIC GROWTH Governance Robust sustainability governance structure; Integrity in corporate reporting; ✓ Zero-tolerance to bribery and corruption; Transparent grievance resolution and communication; Sustainable certifications (RSPO, MSPO, ISCC and ISPO); Founding member of RSPO. 17 PARTNERSHIPS FOR THE GOALS 11#12IOI GROUP • Acknowledgements for our sustainability work Constituent of the FTSE4Good Index . . Ranked 17 out of 100 assessed palm oil producers, processors and traders for Sustainability Policy Transparency Toolkit (SPOTT) by the Zoological Society of London (2021) Leader category in protection of children's rights with the score of 8.1 by Global Child Forum Southeast Asia Benchmark(2020) Achieved gold rating within 90th percentile by Ecovadis (IOI Oleochemical) Awarded the most improved company in Water Security by CDP ESG ratings FTSE4Good QSPOTT GLOBAL CHILD FORUM GOLD 2020 ecovadis Sustainability Hating # CDP DISCLOSURE INSIGHT ACTION SUSTAINALYTICS Dow Jones Sustainability Indexes ESG Ranking: 77th percentile (0 to 100)(1) (1) Higher percentile represents higher ESG score ESG Score: 25.0 medium risk (0 to 100) (2) Lower score represents lower ESG risk MSCI ESG Rating: BBB (AAA to CCC) 12#13IOI GROUP Awards and Achievement AWARDS & ACHIEVEMENTS 1. Strongest Adherence to Corporate Governance (Alpha Southeast Asia's 10 Annual Institutional Investor Corporate Awards 2020) Best Senior Management IR Support (Alpha Southeast Asia's 10 Annual Institutional Investor Corporate Awards 2020) 2. Best CFO in Malaysia (Alpha Southeast Asia's 10 Annual Institutional Investor Corporate Awards 2020) 3. Highest Return on Equity Over Three Years (Plantation Sector) (The Edge Billion Ringgit Club Corporate Awards 2020) 4. Highest Growth in Profit After Tax Over Three Years (The Edge Billion Ringgit Club Corporate Awards 2020) 5. 2020 Digital Transformation (DX) CEO - Malaysia (Dato' Lee Yeow Chor) (International Data Corporation DX Summit and Awards 2020) 6. Challenge Trophy (2019/20 Prime Minister's Hibiscus Awards) 7. Excellent Achievement Award in Environmental Performance (2019/20 Prime Minister's Hibiscus Awards) 8. Johor State Award (2019/20 Prime Minister's Hibiscus Awards) FTSE4Good 9. Environmental, Social and Governance (ESG) Rating: 3.1 (A constituent of FTSE4Good Index) CDP 10. Responded to Climate Change, Forests (Palm Oil) and Water Security @SPOTT 11. Ranked 14th with overall score of 77.1% GLOBAL CHILD FORUM 12. A score of 8.1% in the Food, Beverage & Personal Care sector (Top 3 companies with highest score for 2020) PAL-A 13#14IOI GROUP Thank You 14