M.P. Evans Group (MPE) Investor update summary

Responsible production and sustainability

• Strong commitment to sustainable palm oil production, with all mills RSPO-accredited and 80% of 2025 output certified sustainable.

• Over 8,000 hectares managed as conservation land, exceeding 10% of total planted area, and 16,000 hectares cultivated by local communities.

• Zero waste principles at mills reduce reliance on fossil fuels and inorganic fertilizers, supporting cost savings and lower emissions.

• Recognized with the London Stock Exchange Green Economy Mark for positive contributions to sustainability.

• Fully integrated operations from land development to sale of crude palm oil and kernels, with a focus on sustainable practices across Indonesian operations.

Operational efficiency and cost management

• Focus on high productivity and operational excellence, leveraging palm oil's high yield per hectare and year-round harvest.

• Achieves sector-leading palm oil yields, outperforming other vegetable oils.

• Increasing own-crop processing reduces reliance on higher-cost, lower-quality outside supply, lowering unit costs and improving margins.

• 2025 average CPO price was $868/ton, PK $747/ton, with unit cost at $528/ton, yielding a $340/ton margin.

• Skilled marketing team secures best available prices, despite being a price taker in a global commodity market.

Market dynamics and demand drivers

• Palm oil demand continues to rise globally due to population growth, income increases, and urbanization.

• Indonesia's biodiesel mandate (moving from B40 to B50) is palm-specific, driving structurally higher domestic demand.

• Group sells all output domestically, unaffected by recent Indonesian export regulation changes.

• Palm oil remains a key driver in the vegetable oil market, with global demand for palm oil and world vegetable oil production increasing.