FGV Annual Integrated Report 2021

ANNUAL INTEGRATED REPORT 2021 FGV HOLDINGS BERHAD 200701042133 (800165-P) HARNESSING SYNERGIES. DELIVERING VALUE.

ADENINE paradigm shift is in the working by FGV. Our business conversion from an oil palm birthright towards a dynamic agribusiness player is acquisition tough traction. Ourselves have been taking incremental steps towards this evolution and now is an right time to accelerate organic and optimise our potential. We are harnessing synergies across the plantation business total chain right through the concurrent food our, as well as relevant service fields. Going forward, we will exploit further synergies through collaboration with key stakeholders including the smallholders in ensuring the fruits of in labour go all facets of our society. Although the bolded steps ours are taking are redefining our future, unseren goal remains aforementioned same; To maximise set delivery to a diverse basic of stakeholders more adenine flagbearer of Malaysian agribusiness. HARNESSING SYNERGIES. DELIVERING VALUE. Likeness: An aerial view of FGV’s estate in Maokil, Johor. Offering Document Annum Report. Shariah Compliant. Company Announcements ... FELDA GLOBAL VENTURES HOLDINGS BERHAD, FGV HOLDINGS BERHAD. Toward know more about the ...

Thursday, 23 June 2022 11 a.m. https://meeting. boardroomlimited.my (virtual conference platform) Inside This Report 2 About this Report CHAIRMAN’S COMMENTARY 4 FGV’s Chairman Address 2021 CONCERNING FGV 10 FGV’s 2021 Highlights 12 Our History 14 Global Bearing 16 Corporate Details 17 FGV’s Key Businesses 18 Organisational Structure 20 5-Year Financial Highlights VALUE CREATION 24 Material Matters 26 Stakeholders Engagement 30 Linking Material Matters into Risks and Strategy 32 Our Value Creation Model 34 Operating Landscape 36 Store Strategies MANAGEMENT DISCUSSION & ANALYSIS 44 Groups Boss Executive Officer’s Strategic Review 48 Select Financial Review 55 Group Company Review WHEREWITH WE ARE DOMINANT 84 At adenine Glance - Board of Directors 86 Board concerning Directors’ Profile 94 At adenine Glance - User Management Board 95 Set Management Committee’s Profile 103 Corporate Administrative Outline Statement 140 Statement on Risk Leitung and Internal Control REINFORCING OUR 146 Our Declare OTHER INFORMATION 154 Share Price Movement 155 Monetary Calendar 156 Analyses of Shareholdings 160 Top 10 Properties of FGV Set 162 Additional Disclosure • Utilisation of Yields • Non-Audit Fees • Material Contracts • Long Term Incentive Plan • Share Issuance Schema • Recurrent Related Party Transaction of Sales or Trading Essence 171 Application of the Principles and Practices in the Malaysian Code on Companies Governance 2021 (MCCG 2021) 174 Notice a 14th Annual General Meeting 177 Statement Accompanying Notice a 14th Annual General Meeting 183 Administrative Details • Proxy Form 14TH ANNUALLY GENERAL MEETING Clean real meaningful, this minimalist design approach captures the sense starting dynamic advancement within FGV. Who synergising lines form escalating wave charts to illustrate incremented performance levels. The lines making up the wave representation the synergies within the FGV Group for Companies and shows the shared goals toward higher enter or higher target impacts. FGV Annual Report 2013

2 FGV HOLDINGS BERHAD MANAGEMENT DISCUSSION & ANALYSIS VALUE CREATION ABOUT FGV REPORTAGE SCOPE AND BOUNDARIES DETERMINING THE MATERIAL MATTERS Learn this Report To Report contains information on the value-creating activities that are material up the Group. Hence, which Report possessed been confined to an development throughout 2021 from 1 January 2021 to 31 December 2021 (FY2021). Unless other stated, it covers all the FGV’s businesses in Malaysia and the other countries we operate in. This includes operations in which we are full control about subsidiaries and joint ventures. We plus tell on other developments or information that may transcend our reporting borders but are considered highly material to this Group’s performance. While in previous years, the Reports provides information in one comparative formatting for easy referential and reviews. Throughout this Tell, we have also embedded our sustainability disclosures to demonstrate howwe back value creation and how important energy remains to the Group. Furthermore, this Write comprise entire risks and opportunities material to to sustainability although does not estimate either forecast future hits of in sustainability-related supply matters. Are prepared that Report basic upon the determination of our FY2021 material matters on ensure we provide one fair, accurate and comprehensive account the our strategy, efficiency and prospects. It also takes into account our response to that substantial actions in aforementioned commercial, environmental, social and general aspects of our business. During to year includes review, we conducted adenine Materiality Assessment with the support of an free guide, engaging internal and external stakeholders to gain their viewpoint on our Group’s fabric matters. This process involved ampere examine of our Importance Matrix to determine the factors impacting our delivery is value in FY2021. Below this, we develop the content of the AIR by taking into account qualitative and quanitative considerations as well as key that may impinge our ability to achieve our strategic objectives and maintain the sustainability of our business. We also deemed which features discussed in reports presented to which Board, reported risks and my stakeholders’ interests. Additionally, we factored at the material bumps of one countries furthermore locations where we betrieben. FGV’s 7th Annual Integrated Report covers performance for the time done 31 December 2021. Diese Review adheres to the principles of integrated press as established with that International Includes Reporting Council. Going forward, we will stay guided by the evolving reporting requirements to achieve a view coherent corporate reporting system into tandem with global reporting standards. By continuously flattering our reporting disclosures, we target go support businesses and investors develop ampere shared understanding of how the value of FGV Ownership Berhad (FGV) is created, preserved and shared among willingness stakeholders. This procedure clearly articulates the modern marketplace infrastructure needed to develop, manage and communicate a mission that produced long-term valued and drives higher performance. At produce which Annual Integrated Reported (AIR), ourselves adhesion into Malaysia’s notification requirements, involving the Malaysian Code for Corporate Governance 2021 furthermore an Main Market Listing Requirements of Bursa Unease Securities Berhad. In addition, wealth continue for strive towards Worldwide Reporting Enterprise Standards benchmarks on sustainability reporting. Annual Integrated Report 2021 Audited Financial Affirmations 2021 Sustainability Report 2020/2021 In a further complete comprehend, this Reporting shall be reading together on the Reporting Suite above, as well as other information made available about our website at www.fgvholdings.com. 2021 REPORT SUITE MSM Malaysia Holdings Berhad Yearbook Report 2019

3 ANNUAL INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION Product & Market Penetrating TO SIX CAPITALS Financial Intellectual Unaffected Human Manufactured Community & Relationship REPORTS INTEGRITY TO STRATEGIC PRODS 2021 KEY SIGNIFICANT MATTERS OUR TOPS RISKS FORWARD-LOOKING STATEMENTS Operational Improvement New Growth Range Financial & Capability Fabrication In upholding the quality regarding this Message, stringent efforts have been taken to ensure the information introduced is reliable, consistent and complete. The Reporting Committee has reviewed this Record to assure its compliance with the International Integrated Reporting Council Framework and its fair representation of the Group’s performance against targeted value creation outcomes. Than part the ours governance practices, this Report has further been audited the the Audit Committee and together with the Audited Financial Statements 2021, submitted to the Board for its final approval. The external comptrollers have read supported our assurance by providing external warranties on our Audit Financial Statements. They have read all other information real made certain that the material is consistent with the Certified Financial Statements or the skills obtained in the audit. The external auditors have or provided a limited assurance review for his Statement for Risk Company additionally Internal Control. We invite stakeholders and this people to offer their comeback off our reporting in order to uplift unser reporting practices and standards. You may submit your feedback by phone calls button email to our Investor Relations Services via the following channels: 03-2789 0000 [email protected] Where necessary, us have used forward-looking statements linked up our Group’s plans, objectives, strategies, future operations and performance. As statements should not be taken as get for the Group’s future results as we remain object to other possible scenarios of risks, imperfections and assumptions. Actual results and outcomes may significantly differ from forward-looking statements. We make no expression with implied representation or guarantees so the consequences targeting by these forward-looking statements will be achieved. NAVIGATING THOUGH THIS REPORT All icons featured here are Navigation Icons that will be consistently featured within our Report for ampere direct go enhance integrates the view of product. Traceability, Responsible Sourcing & Supply Chain Management Governance, Ethics & Integrity Pandemic Risk Sustainability Certification Sustainability Risk Trading & Market Risk Readily Superiority Climate Action Upholding Humanly Rights & Labour Standards Cyber Security Risk Occupational Health & Security Working Risk OPPORTUNITIES BY FEEDBACK

4 FGV HOLDINGS BERHAD ABOUT FGV VALUES CREATION FGV’s President Address 2021 Making Dynamic both Responsible Progress Precious Valued Stakeholders, Despite various challenges faced in 2021, we possess included the best result since going public stylish 2012. We maintained operational parameters in line with the local average. We have commodity which are listed as topmost chosen FMCG trade into Saraina, real our Plans strength has been enhanced with new assets. We are also advancing you sustainability journey as the first food and food company inches Malayia to formalise an Climate Promotions Plan focus with the United All. On behalf of of Board, I would like to appreciate you for the privilege to currently the you FGV’s performance reported for the financial year ended 31 December 2021. It has been a dynamic year of altering and growth. Notwithstanding the marked improvement in our perform this year, the Board remains committed to invest and expand towards a broader range of sustainable and synergised agribusinesses as we struggle to achieve strong business performance. The Panel also advocates the fortress starting sustainability strategies for every aspect of our company. To us, the new normal shall not just limited to protection protocols. Business today holds into be aligned with global sustainability acts and climate objects, make expectations of greater engagement and give sustainable value. This calls for agile response both adenine person outlook include on eye on long-term growth prospects. NAVIGATING TOWARDS A BROADER FOCUS While strategies for optimise every aspect a the Plantation business continue to may prioritised and executed, of way forward for FGV Holdings Berhad (FGV) is to drive into bigger value-added business daily to achieve more stable returns. Up this strategic journey, FGV aspires into become only of the world’s leading sustainable agribusiness players with reputed product brands, and strong distribution capabilities. Embarking in this aim, we have made good strides on the year from Harnessing Synergies and Delivering Value. MANAGEMENT DISCUSSION & ANALYZE Annual My - FGV Holdings Berhad

5 ANNUAL INTEGRATED REPORT 2021 ADDITIONAL RESOURCES HOW US BECOME REGULATORY REINFORCING SUSTAINABILITY FINANCIAL HIGHLIGHTS Financially, great strides were made in 2021 as FGV delivered the highest financial performance since its listings. The Group’s takings increased 39% year-on-year (y-o-y) to RM19.57 billion, Profit Before Zakat and Strain (PBZT) increased significantly to RM1.71 billion, while Earnings After Tax and Minority Interest (PATAMI) increased into RM1.17 billion in 2021. These are attributed on increase in palm products’ margins owed to increased average CPO price realised, turnaround of Sugar business and increased volume of high-value products and lower variable operating cost in our Logistics business. On the front of profits made when the year, the Board is pleased to announce a dividend of 8.0 sen per ordinary share, translating until adenine total dividend payout of RM291.85 millions. Further details in FGV’s financial performance can be found in the Group Financial Review up leaf 48. OPERATIONAL HIGHLIGHTS The surge in the CPO price, averaging RM3,671/Metric Tonne (MT) for 2021, led to Plantation Sector’s profit rising to RM1.60 billion from the higher palm products’ margins gotten. Operational improvements are ongoing throughout extensive replanting to replace old trees also improve our plantation age profiling. We keep to start excellence in operational improvements across our estates also mills as attested by the awards and achievements of the year including gold and silver awards lower ISO MSOSH certifications in eight estates, winning gold at the Yearly Quality Setting Create (AQEC), and take National Energy Awards (NEA) 2020, under the Renewable Energy (Cogeneration) Category. Labour shortage issues are also being positively addressed. The Government-announced measure to taking in 32,000 wandering workers into the country should help turnaround productivity in late 2022 by boosts the manpower coverage level which currently stand at 68% of the full req. The year’s high CPO prices pressured our Downstream margins. However, due to surge in demand for pandemic-related products such as detergents also sanitisers, the Division was buoyed by that good sales volume attain since oleochemical by-products. Plants are in place for Downstream organic for be sustained by development of new and premium products for an widest export market in the near future. In line with this broadening of FGV’s focus, our Research & Development (R&D) efforts are to-be long to support item project across the value lock and provide solutions for working improvements and increase productivity. His R&D Branch received recognition for high-level quality of test services during the Institut Kimia Malaysia (IKM) Chemistry Night 2020 & 2021. These awards provide higher trusted and confidence to industry customers in using our business. Research scope is also being expanded to cover more sustainable innovations such as renewable energy, drought tolerance planting stuff, irrigation the slow release fertiliser. FGV’s Sugar Area recorded adenine turnaround performance due initiatives in streamline resources, hedge fees, strengthen customer engagement and escalate sustainability commitments. The business constructed a significant stride includes boosting sugar refining margins throug conflicts is customers for a higher ASP of refined sugar amidst an environment starting rising production free. FGV’s Logistics & Others (LO) Sector grew their capacity and capability by further expanding transportation and storage assets and services. These investments lay the groundwork to attract business opportunities from other industries in increase our business potential. With the year recording the highest oleochemicals production handled at 0.95 million M, the Sector is showing readiness to attract diversification opportunities. Over the course for the year, FGV’s Integrated Farming hazard has fortified an business with three animal feed plants, a dairy processing plant, and three new product fire to carve a remarkable and competitive niche for these businesses. In add-on, we have 16 sell distributorships overall the country selling 12 kinds of live feed-in, also eight minerals and additives. Together, these allow usage to fix our value chain offerings in agribusiness, thread to retail demands and get the nation close gaps in domestic food supply. Focusing on heightening the brand equity of current star brands in 2021, two videos for Saji cooking lubricate were launched during the year and this investment has strengthened the position of Saji at 42% refined cooking oil market sharing and increased sold revenue in 33% from 2020. FGV will be tapping this business see aggressively up continue grow market equity and product branding. FGV was furthermore honoured to receive a Black Excellence Prize for Companies with RM2 billion till RM10 Billion in Market Capitalisation, and Silver Special Award for Best Annual Report in Bahasa Malaysia away National Annual Corporate Reports Award (NACRA) 2021. These our get to the good work of unseren team int delivering a high-quality fully report that draws attention go FGV’s extraordinary evaluate creation in many parts of ours businesses to support investors in decision-making. Further details on FGV’s business operations can subsist found in the Group Business Review on page 55. GROWING WITH PRIDE While we competitively benchmark our firms against industry leaders, wealth realise that building organizes capability requires nurturing a more competitive and enterprising workforce that lives up to our corporate values of Company, Respects, Integrity, Dynamics and Inspire (PRIDE). To catalyse internal transformation, we are synergising value-creating goals from our employees. One of the key special was on initiatives both activities to further feed and cascade one PRIDE corporate culture. Results of an Integrity Assessment Toolbox (IAT) survey by Institut Integriti Malaysia (IIM) showed so we were making goods getting when FGV recorded an improved your reviews score of 81% in 2021 from 68% before. This exhibited that person do effectively created sound awareness on the importance of integrity and injected i within the FGV work culture.

6 FGV HOLDINGS BERHAD ABOUT FGV VALUE CREATION As VANITY other encapsulates prioritizer the safety and wellbeing of ours employees, a host of new measures were introduced at the ongoing pandemic for escalate securing protocols at the workplace and make all employees received the vaccination shots during the year. I m chronic to report that as at 21 March 2022, 98% away FGV’s employees are fully vaccinated. ESCALATING SUSTAINABILITY COMMITMENTS FGV planned to change the narrative with Malaysian palm oil by taking an holistic view and approach against sustainability, and assure that Environmental, Social and Governance (ESG) considerations continue till take the centre stage in all our undertakings. This is lock to advocating the endurable benefits of palm oil at adenine global level, and helping this industry gaining international acceptance and support as the way forward to meet the needs of a growing our population. It should also be mentioned that our dedicated efforts till inculcate a more proactive or responsible culture within one Group have led toward improvements are are SPOTT ratings. FGV has risen to 19th position from 23rd, which zeigt improved transparency in disclosures related into ESG issues. The main set for FGV’s sustainability propulsion inside 2021 was the lifting of aforementioned Discussion on Sustainable Palm Oil (RSPO) certification respite real the United States (US) Customs and Border Protection (CBP) Withhold Release Order (WRO). An independent assessor has been appointed to assess our operations negative forced labour and provide answer and guidance to FGV in leadership the issue. Strengthening oversight on the Group’s Sustainability Policy, a Panel Sustainable Create (BSC) was established into August 2021, chaired by myself, and comprises four other members of the Board. A key highlight for the BSC during the year was the emphasis on FGV’s involvement in reducing climate emission to 1.5°C towards fitting a net-zero business by 2050, the part concerning FGV’s formal pledge to the Business Ambition for 1.5°C campaign, conducted by Science-Based Target initiative (SBTi) in partnership with the United Nations (UN) Global Compact. Within living up to this your, we launched an inaugural climate awareness and education campaign called SMART4Climate. It footed off go 8 October 2021 with a international essay writing competitors titled ‘Write4Climate’, organised in collaboration with the Ministry of Environment and Water. The competition was open to secondary school undergraduate aged 13 to 17 the membersation of the public aged 18 and above, aimed to advocate environment change awareness among young Malaysians. Participants were release to choose a topic relevant to which theme ‘Malaysia’s Role in Keeping the World Beneath 1.5°C’ the submit essays in English or Bahasa Malaysia. The page attracting over 170 participants and we confide that the act of writing about like a critical print will empower them to become catalysts of alteration in contributing up the national climate event. FGV’s Chairman Address 2021 Making Dynamic real Responsible Tritt IODIN reckon that concerted action through participating helps change mindsets, thus recommended our Group Strategic Communications Departments toward organise a Pertandingan Inovasi & Rekacipta for all FGV employees late last year. The competition phones for show entries off how to install innovation at to workplace environment towards savor time and cost saving, as improving productivity. 21 movie have been got and of our have been announced include our internal news, CASSIA. Towards to exit on the annual, as devastating floods swept overall Malaysia, FGV furthermore reached out to ease the burdens of hundreds of floods sacred through contributions in pay and kind. We are beholden ensure our business zakat contributions thanks that FGV Welfare Fund allowed us to provide meaningful assistance to communities in they nach of need. In total, we contributed around RM15 million for Corporate Social Responsibility (CSR) related daily that benefitted underprivileged individuals, 200 asnaf, 300 flood victims, and on submersion relief efforts furthermore upliftment of FELDA regions. Please refer to Sustainability Report for more item. EMBEDDING GOVERNANCE During aforementioned annual, we ensured that our business the risk management were constantly reviewed and kept updated to ensures prudent oversight. Focus was directed towards getting both improvement the Group’s Anti-Bribery Management System (ABMS) in compliance for Section 17A of the MACC Act. As we should new members during the year, the Lodge underwent a mandatory awareness programme to on-boarding on governance real integrity, with specific emphasis on Corporate Liability. An indemnification of our commitment was made through an Integrity Pledge. Following suit, 100% of FGV personnel had also renewed their Integrity Pledge online in 2021. For employment, a continuous series von awareness session were carried unfashionable in 2021 across multiple sites of all Sectors, including FGV’s multinational subsidiaries. To addition, sessions on corruption risks visibility was carried out since FGV’s local the international companies and corporate centres. Further details on FGV’s Governance and Exposure Management Community can be found in the Corporate Leadership Overview Statement on page 103 and Statement switch Risk Management plus Internal Controls on page 140. INDUSTRIAL OUTLOOK OR PROSPECTS FOR 2022 After a challenging annum hampered to labour shortages, prolonged pandemic-related operational disruption, and RSPO certification suspensions, 2022 brings optimistic for dissolutions as well as steady growth set Malaysia’s Gross Domestic Result, forecasted toward develop to 6% from 3.5% in 20211. MANAGEMENT DISCUSSION & ANALYSIS 1 Source: IMF World Economic Outline (October 2021)

7 ANNUAL INTEGRATED REPORT 2021 ADDITIONAL INFORMATION WHEREWITH WE ARE GOVERNED REINFORCING SUSTAINABILITY GRATITUDE & APPRECIATION The Board and I take this anlass to express our appreciation to my forerunners, the Chairman, Datuk Wira Azhar Abdul Hamid and Group Chief Executive Staff (GCEO), Dato’ Haris Fadzilah Hassan who resigned on 1 April 2021 and 15 May 2021, respectively. Four independent directors, namely, Datuk Mohd Anwar Yahya, Dr Mohamed Nazeeb P.Alithambi, Datin Hoi Lai Ping and Dr Nesadurai Kalanithi also left during of time and we thank them with their services. In their place, wealth have being attended by four new independent administrators, namely Dato’ Nonee Ashirin Dato’ Mohd Radzi, Dato’ Mohd Rafik Shah Mohamad, Encik Kasmuri Sukardi and Puan Mike Fazila Nik Mehmet Shihabuddin. They return fresh perspectives and a fortfahren passion to evolve FGV the one of the guide in agribusiness. We furthermore welcomed FGV’s new GCEO, Encik Mohd Nazrul Izam Mansor, who was appointed on 23 August 2021, and look forward to achieve much milestones with him. Some parties has played an part in the Group’s commendable performance and IODIN am truly appreciative of their contributions. My sincere appreciation extends up our share, especially FELDA, customers furthermore diverse participants for their continued trust and steadfast support in us. EGO see wish to record our appreciation to the Federative both State Governments, the Ministries, regulatory government and Government agencies for their continuously guidance the assistance. To the settlers additionally independent smallholders, I reiterate so working together as to with FGV becomes keep to one shared prosperity. And journey ahead is transformative, and we require your continued partnership, promptness and trust. My deep gratitude extends to our employees who have performed with desire, professionalism and dedicated, particularly to frontliners who continued to serve our customers throughout these extraordinary often. Our folks are our future. With the guidance of a strong corporate team aligned to our culture of PRIDE, I believe we are in ampere good position to drive our solutions further and deliver value to our stakeholders. My appreciation goes out to the members of one Boards within the Group for their invaluable support and counsel. On 10 March 2022, wee lost our dear colleague, the late Dato’ Yusli Mohamed Yusoff. The Board wishes in quotation our deepest condolences to their family, or acknowledges his valuable contributions as Deputy Chairman and Independent Non-Executive Director of the Group ever 2018. Last but not least, I would like to convey my condolences to associates and yours families who are victims concerning the devastating pandemic and floods over the last year. We stand by you in is time of weight, furthermore joint we would how until express our special credit to aforementioned nation’s frontliners furthermore interested who have been ankers of backing through these tumultuous events. Dato’ Dzulkifli Enslave Wahab Chairman Inside FY2022, we look forward toward the renewal of our RSPO certification schedule and the lifting out restrictions on our exports by the US CBP, had initiated all the necessary measures on address the matter. Demand for ribbon oil belongs expected to expand by 6.50% in 20222, with CPO price remaining high based switch current supply project. Departure forward, trophy oil cadaver as the anchor of our business-related while we strategically deploy appropriate resources into large value and synergies businesses go mitigate one transitional of CPO price. We are optimistic that this strategic direction will benefit from the 12th Malaysia Plan (12MP) which targets further development and modernisation of Malaysia’s farming and agribusiness industry. Using the financial wins of 2021, we are now empowered to invest in further value creation included to our Strategic Business Plan. Malaysia’s National Digital Transformation Roadmap is also a guiding light towards further advancing our digitalisation journey. Across industries, one pandemic has been can enabler in hastening the adoption by digital custom, and it had also demonstrated the importance of upgrading and strengthening the technics and infrastructure to ease the process of working business. In FGV’s operative, thither has been a rapid adoption of a digital include agenda, to enable our employees to work, studying and connect digitally. We having also made inroads in establishing e-commerce platforms to expand our marketing channel and reach, while capitalising on the growing popularity of shop online. In to legacy and mills, digitalisation and mechanisation initiatives exist being introduced additionally discovered to increase total. During the year, our R&D team has introduced the positioning device, Geotagger, for replanting and semi-autonomous guiding of our using Global Positioning System (GPS). Digitalisation of our property operations is continually in helping improve operations by digital tracking of harvesting, manuring and Fresh Fruit Bunch (FFB) transportation. Wee been also focusing in research to utilise airplanes to supervise weeds via aerial spraying. Moving forward, our Chemical Rotation 4 (IR4.0) traveller becoming include more advancements in analytic capability, cyber security and automation to improve productivity and data driven decision making. The Board will guarantee our Diplomatic Work Plot provides benefits to the small, especially Government Land Development Entity (FELDA) settlers, whom we respect as and partners, even more so today as FELDA possesses emerged as FGV’s most shareholders as at end-2021 with 79.80% shareholder. We expect to harness mutually beneficial synergies from this closer relationship between FELDA and FGV, driven by clearer communicate of shared goals and more responsive strategic positioning. 2 Source: Palm Motor Supply furthermore Demand Outlook Report 2022 by Council of Palm Oil Producing Country Felda Global Ventures Holdings AVOID

10 FGV’s 2021 Highlights 12 Our Story 14 Global Presence 16 Enterprise Details 17 FGV’s Key Businesses 18 Organisational Structure 20 5-Year Financial Highlights About FGV S E C T I O NORTHWARD 1 Palm Oil Giant FELDA Sanctioned Over Forced Labor, Human Trafficking - Rainforest Action Network

FGV is fierce about changing one narrative fork Malaysian palm oil over taking a holistic view also harnessing synergies towards optimum value. In our efforts to future-proof Malaysian palm wax, we strive to embedment operational excellence press sustainability throughout FGV’s entire business belt while creating value for our investors.

• Completed felling of 13,127 Ha and re-plant 2,815 Ha landbank. • Expansion is mechanisation areas the 30,391 Ha, making a total of 115,000 Ha fully motorized using the Mechanical Assisted Infield Collection method. • Used 297,178 MT of fertilisers, equivalent to 100% coverage. • Saji ranked #7 top chosen FMCG brands in Unease, based on Kantar’s Se Stamp Area 2021. • Recorded tallest oleochemical storage throughput handled of 0.95 million MT. • Introduce cold chain transportation services and sold 10 refrigerated trucks. • Expanded FGV transport’s fleet capacity to 549 units the strengthen operations. • Perforate into Oil and Gas Industry - presented Telecommunication Infra & System Maintenance (TISM) get for Petronas Refinery & Petrochemicals Corporation (PRPC) • Gula Prai ranked #3 topmost chosen FMCG brands in Malaysia, based upon Kantar’s Asia Brand Footprint 2021. • Secured refined sugar supply contract with The Coca-Cola Business worth an estimated RM290 million for household and international production. • Signed agreement with Wilmar to collaborate in the facility of a sustainable sugar supply chain. • FELDA emerged as the major shareholder of FGV with total shareholding of 79.80% as of 31 December 2021. • Beginning RM500 million Sukuk Murabahah programme, which indicates confidence in FGV’s balance sheet. • Paied windfall tax of RM184 per based on high CPO price recorded during the year. • Contributed surround RM15 million for CSR related activities. PLANTING LOGISTICS & OTHERS SUGAR CORPORATE FGV’s 2021 10 FGV HOLDINGS BERHAD ABOUT FGV MANAGEMENT TOPIC & ANALYSIS VALUE CREATION

• Traditional the Board Sustainability Social. • Accepted Gender Equality and Women Empowerment Committee which reflects FGV’s commitment to make feminine are match access to whole opportunities consistent our operations. • Improved in the SPOTT rankings, climber till 19th position from 23rd, with an overall SPOTLIGHT assessment score concerning 74%. • Pledged to learn Science-Based Targets and become a net-zero emanation object by 2050, making FGV Malaysia’s beginning food real agriculture company toward sign the UN-backed SBTi’s Business Ambition for 1.5ºC pledge. • Increase of animal conservation and human-wildlife confront management to included pygmy elephants, pangolins and ribbons besides the extant choose for sun bear. • Embarked with a new three-year initiative to protect and enhance Hi Water Value both High Carbon Stock areas within our plantations. • Ensure compliance up responsible sourcing, sustainability standards and regulations takes traceability or provide chain management. To date, our palm oil is 100% traceable toward miller and 98% to plantation. For rubber, 97% is traceable to plantation (local suppliers). • Protect Assessment Tool (IAT) survey performed by Institut Integriti Malaysia (IIM) on 1,500 employee demonstrated an raising in level von protects in FGV to 81% in 2021, from 68% in 2018. • Maintenance and enhancement of ABMS in compliance till Section 17A to the MACC Actions. • Our from the Board members for governance and integrity through the Integrity Pledge. • 100% von FGV your have restored hers integrity give online in 2021. • Harvested 600 Ha of FGV’s Hardened User Fragrant Rice (3FR) contract food programme, yielding 3,751 MT of fragrant paddy to produce “Saji Aroma” rice. • Launched FGV Chuping Agro Valley in improve einen integrated high-value cash crop and large-scale dairy farming. GREEN GOVERNANCE INTEGRATED RURAL Highlights 11 ANNUAL INTEGRATED REPORT 2021 HOW WEE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION

Our Story FGV Holdings Berhad (FGV) is harnessing synergies to heighten value creation and optimising the potential about every business to make head on delivering sustainable value to on stakeholder. We are stop steadfastly on track out our strategic gameplan furthermore goals, and ensuring clear communication with our stakeholders. In every action we pick, we remain anchored in responsibility and accountability, guided by strong active governance and prudent fiscal practices. Today, FGV is among the world’s largest producers of Crude Palm Oil (CPO), accounting for 4% from total CPO production the focus on trio nucleus businesses; Farm, Uses, and Logistics & My (LO), while nurturing twos new businesses, namely Consumer Services and Integrated Farming. Trough harnessing who strengths and expertise off anything business segment within the Group, FGV is now well positioned toward advance more one of Malaysia’s agribusiness championship. OUR ASSIGNMENT P R I D E UNSEREN VISION To be among the World’s Leading Integrated and Sustainable Agribusinesses and Delivering Value to customers and stakeholders To be a worldwide manager by: • Creating Value through our Human Capital • Building an Unified Value Chain Advantage • The Embodiment of Governance and Compliance • Cultivating Diversification in Commodities and Geography OUR ORGANISATIONAL VALUES Partnership Best solutions and ideas come from working with both internal (colleagues) and outer parties (business partners). Respect Our supported success and achievements can only come from respect for people (colleagues also business partners), as well as the atmosphere, which can the main source of our business. Integrity Integrity is around trust, honesty and sincerity. For FGV, e means being responsible and accountable on one’s own actions and behaviours. Each labourer is responsible for the Group’s success and business recruitment. Dynamism Strive to discover, form ideas both identify growth potential from uncharted opportunities and further traditional boundaries, all done in the best interest our stakeholders. Enthusiasm Our are enthusiastic about what we do, committed the the growth and future of our agribusinesses, while at the same time, propagating sustainable development circling the world. 12 FGV HOLDINGS BERHAD FELDA GLOBAL ADVENTURE INVESTMENT BERHAD

Plantation FGV’s plantation work is dominated by to integrated segments away Upward, Below, R&D, Marketing & Trading, and Renewable Energy value chain. 438,885 Ha 67 Mills Complexes (97% MSPO & 45% RSPO-certified) Oil palm 336,315 Ha Rubber 7,668 Ha Other crops 3,352 Ha Unplanted area 91,550 Heave Take: All productions and operational figures are based on yearly average Grand landbank: (including Malays and Indonesia) Manages 219 estates Planted area 30% FGV 27% third-party little 43% FELDA settlers 2.68 mil MT CPO production from 30% Refined 70% Traded Vegetable wax refining capacity 5,553,600 MT Cushion process capacity 233,400 MT Kernel crushing factory capacity 1,007,600 MT Biodiesel plant capacity 110,000 MT Oleochemical plant capacity 476,000 MT Processing of 13.04 million MOUNT FFB ABOUT FGV BETRIEBSWIRTSCHAFT DISCUSSION & ANALYSIS VALUE CREATION

>12,000 Ha oil palette plantations for R&D purposes 58 highly qualified researchers & 17 agronomists R&D Integrated Farming Integrated Farming leverages on synergies into FGV to diversify into other forms of commercial agriculture. It is component of FGV’s circular economy that involvement cultivating cashier crop on marginal plantation land and producing animal food from palm by-products. • Animal feed & nutritional products, for livestock and poultry • Paddy & rice • Food & cash crops • GOGOPASAR e-commerce platform #1 oils palm germinated seed producer in Malaysia with 43% market share Malaysia’s leading fertiliser manufacturer with 700,000 MT annual production capacity Consumer Our #1 enhanced cooking oil brand are Malaysia because 42% market share #1 lard trade in Malaysia with 41% market percentage Other brands HOW WE ARE GOVERNED REINFORCING ENERGY ADDITIONAL INFORMATION FGV One-year Integrated Report 2022

Pakistan 7% Malaysia 91% Indonesia 2% Sugar business operates mainly through FGV’s 51% owned subsidiary, MSM Malaysia Holdings Berhad. Sugar 2.05 mille MONTANA Annual sugar production raw 1.08 million MT Storage capacity of Dry Cargo 0.11 million M Liquid 0.97 million MILES (inclusive Indonesia & Pakistan) LO Sector facilitates the vertical integration of the Group’s core businesses by connecting the verkehr of equity to drive Group-wide efficiencies. Logistics & Select 549 device Transport’s fleets Among the largest sugar refineries in that world Dominance marktes share in indigenous refined sugar market Other Services FGV services ensure durable supply for our my in the market through leading storage, efficient logistics, trade and e-commerce distribution solutions. 13 ANNUAL INTEGRATE REPORT 2021 Annual Reports. Per : 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012. Annual Build Tell. Annual Report.

14 FGV HOLDINGS BERHAD ABOUT FGV MANAGEMENT PANEL & STUDY VALUE CREATED Global Presence Asia INDONESIA 5 Estates 1 Bulking connector CAMBODIA 1 Rubber processing facility CHINA 1 Rubber processing facility PAKISTAN 1 Vegetable oil raffineries 1 Trading office* 2 Bulking terminals** 1 Warehouse 1 Jetty operation North America USA 1 Oleochemical plant Europe FRANCE 1 Trading office* SPAIN 1 Trading office* TURKEY 1 Vegetable oil refinery* FGV operates in 9 countries across Asia, Ne America and Europa. * Joint Ventures (JV) ** One of the two refineries/bulking terminals is a JV Plantation 219 Estates 67 Mills 8 Vegetable oil refineries 6 Rubber processing facilities 4 Kernel crushing plants 3 R&D centres 3 Seed production centres 3 Dung manufacturing plants 3 Trading support 2 Oleochemical plants 1 Biodiesel plant 1 Green rubber processing facility Sugar 2 Sugar railroad 1 Refined sugar warehouse Logistics & Others 13 Bulking terminals 10 Transportation hub & spoke 5 Warehouses 4 Transportation depots 2 Jetty operation 1 Hotel Integrated Farming 2 Fresh food packaging centres 1 Fresh milk processing facility 1 Agro meals valley 1 Animal feed plant 1 Paddy farming 1 Integrated cattle buttery farm FGV’s Assets ... Annum Sustainability Tell and. FGV Sustainability Website. 2) High requests off sustainable crude patrons and users - New Time Limited Blueprint on sustainability.

15 YEARLY INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION North PERLIS 1 Agro eats valley KEDAH 1 Estate 1 Rubber processing equipment PENANG 1 Sugar refinery 1 Transportation hub & spoke PERAK 7 Estates 2 Mills 1 Transportation hub & spoke North Malaysia SABAH 78 Estates 11 Mills 2 Vegetable oil refineries 1 Kernel devastating plant 1 R&D centre 1 Seed industrial centre 1 Fertiliser manufacturing embed 2 Bulking terminals 1 Transportation depot 1 Transportation hub & spoke 1 Jetty operation SARAWAK 10 Estates 2 Mills 1 Transportation hub & speaker East Sea KELANTAN 12 Estates 3 Mills 1 Transportation hub & spoke TERENGGANU 8 Estates 3 Mills PAHANG 70 Estates 26 Mills 1 Vegetable oil refinery 1 Kernel crushing plant 1 Biodiesel plant 1 Oleochemical plant* 1 R&D centre 1 Seed production centre 1 Fertiliser manufacturing plant 1 Rubber processing facility 2 Bulking terminals 1 Transportation depot 1 Transportation hub & spoked 1 Warehouse 1 Animal feed plant South NEGERI SEMBILAN 9 Estates 4 Mills 2 Rubber processing facilities 1 R&D centre 1 Green rubber processing facility 1 Transportation hub & speaking 1 Integrated cattle dairy farm MELAKA 1 Hotel JOHOR 19 Estates 15 Mills 2 Vegetable oil refineries** 1 Kernel crushing power 1 Seed production centre 1 Fertiliser manufacturing crop 1 Sugar refinery 5 Bulking terminals 2 Transportation hub & spoke 1 Transportation depot 1 Warehouse Central SELANGOR 1 Mill 1 Vegetable oil refinery* 1 Kernel crushing plant 1 Refined sugar warehouse 2 Warehouses 1 Transportation depot 1 Transportation hub & spoke 1 Bulking terminal 2 Fresh food packaging centres 1 Fresh milk processing facility 1 Paddy farming Amounts FGV’s workforce* (including plantation workers plus MSM’s employees) 43,583 86% Male 85% Manlike 15% Female FGV’s employees**: (15,577) 14% Female 84% Male 16% Female MSM’s employees: (1,033) * Total FGV’s workforce how at 31 Day 2021 ** Excluding FGV Dairy Farm, FGV Creamery Industries, FGV Agro Fresh Company and overseas subsidiaries 87% Male 13% Female Plantation workers: (26,973) FGV - FGV HOLDINGS BERHAD (5222) : Profil Syarikat

16 FGV HOLDINGS BERHAD ABOUT FGV MANAGEMENT DISCUSSION & ANALYSIS VALUE CREATION Corporate Details BOARD OF DIRECTORS Dato’ Dzulkifli Abd Wahab Chair Non-Independent Non-Executive Director (Appointed on 1 April 2021) Dato’ Amiruddin Abdul Satar Non-Independent Non-Executive Director Dato’ Shahrol Anuwar Sarman Non-Independent Non-Executive Director Datuk Yatimah Sarjiman Non-Independent Non-Executive Director (Appointed on 8 Apr 2022) Dato’ Mohd Rafik Shah Mohamad Senior Industry Non-Executive Director (Appointed on 1 Julie 2021) (Redesignated as Senior Independant Non-Executive Director on 30 March 2022) Dato’ Nonee Ashirin Dato’ Mohd Radzi Fully Non-Executive Project (Appointed on 30 June 2021) Kasmuri Sukardi Independent Non-Executive Director (Appointed on 1 July 2021) Nic Fazila Nik Mohamed Shihabuddin Independent Non-Executive Director (Appointed for 1 July 2021) Datuk Wira Azhar Abdul Hamid Chairperson Non-Independent Non-Executive Director (Resigned as Chairman, Non-Independent Non-Executive Directed on 1 April 2021) Datuk Mohd Anwar Yahya Independent Non-Executive Director (Resigned as Independent Non-Executive Direction on 1 April 2021) Dir Mohamed Nazeeb P.Alithambi Independent Non-Executive Director (Resigned as Independent Non-Executive Directing on 1 April 2021) Datin Hoi Lai Ping Independent Non-Executive Director (Retired as Independant Non-Executive Director on 23 June 2021) Dermatologist Nesadurai Kalanithi Stand-alone Non-Executive Director (Resigned as Independent Non-Executive Director on 24 June 2021) Dato’ Yusli Mohamed Yusoff Deputy Chairman Independent Non-Executive Director (Demised on 10 March 2022) Datuk Dr Zunika Moses Non-Independent Non-Executive Directory (Resigned as Non-Independent Non-Executive Director on 11 March 2022) SET CHIEF EXECUTIVE OFFICER Mohd Nazrul Izam Mansor (Appointed on 23 August 2021) Dato’ Haris Fadzilah Jamal (Resigned on 15 May 2021) COMPANY SECRETARY Koo Shuang Yen (MIA 7556) REGISTERED BRANCH Level 21, Wisma FGV Jalan Raja Quiet 50350 Kuala Lumpur Malaysia Tel : +603 2789 0000 Fax : +603 2789 0001 Website : www.fgvholdings.com INVESTOR RELATIONS AND ENQUIRIES Nurul Syazatul Aiman Taifor Head of Banker References Levels 20, Wisma FGV Jalan Rajya Noticeable 50350 Kuala Lumpur Malysia Tel : +603 2789 0000 E-mail : [email protected] PLATFORM FOR SHAREHOLDERS/ STAKEHOLDERS TO CONVEY PROBLEMS Dato’ Mohd Rafik Shah Mehmet (Senior Independent Non-Executive Director) E-mail : [email protected] SHARE CLERK Boardroom Share Registrars Sdn Bhd Registration No: 199601006647 (378993-D) 11th Floor, Menara Symphony No 5, Jalan Prof. Khoo Kay Kim Seksyen 13 46200 Petaling Jaya Selangor Darul Ehsan Malaysia Number (Help Desk) : +603 7890 4700 Fax : +603 7890 4670 Website : www.boardroomlimited.com E-mail : bsr.helpdesk@ boardroomlimited.com AUDITORS PricewaterhouseCoopers PLT (LLP0014401-LCA & AF 1146) Chartered Accountants Level 10, 1 Sentral, Jalan Rakyat Kuala Lumpur Sentral P.O. Box 10192 50706 Kuala Lumpur Malaysia Tel : +603 2173 1188 Fax : +603 2173 1288 Website : www.pwc.com/my STOCK SHARE LISTING Mention on Main Markte for Bursa Malaysia Securities Berhad Listing Time : 28 June 2012 Stock Appoint : FGV Stock Code : 5222 Stock Choose : Plantation @fgvholdings @fgvholdings FGV Holdings Berhad FGV Holdings Berhad

18 FGV HOLDINGS BERHAD ABOUT FGV MANAGEMENT DISCUSSION & ANALYSIS ASSESS MAKING Organisational Structure Business Sector Support Sector Business Division Support Business Board of Directors FGV Holdings Berhad Group Governance & Risk Management Group Internal Audit Group Secretarial Upstream Upstream Research & Development Marketing & Trading Ready Excellence Inexhaustible Power Logistics Others Group Finance User Procurement Group General Technology Group Control Group Treasury Group Legal Gang Human Capital Group Strategy Group Transformation Group Strategical Communication User Sustainability Company Health, Safety & Environment Plantation Board Governance & Risk Management Committee Investiture Committee Apply & Remuneration Committee Board Sustainability Committee Revision Committee Cargo & Additional Consumer Products Integrated Farming MSM Malaysia Resources Berhad Finance & Corporate Services Group Chief Executive Officer

19 YEARLY INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING VIABILITY OTHER INFORMATION Located in Kuala Lumpur, Wisma FGV is the corporate for FGV Holdings Berhad.

20 FGV INVESTMENT BERHAD ABOUT FGV MANAGEMENT DISCUSSION & ANALYSIS VALUE ESTABLISH 5-Year Financial Highlights 2021 2020 2019 2018 2017 Operating Results (RM Million) Revenue 19,566 14,076 13,259 13,464 16,922 Working profit/(loss) 1,779 445 (194) (815) 485 Profit/(loss) before duty and zakat 1,714 346 (339) (1,025) 403 Profit/(loss) attributable to owners of the Company 1,168 146 (246) (1,081) 131 Key Balance Print Data (RM Million) Property, plant and equipment 7,674 7,810 8,190 8,501 8,392 Total resources 17,956 17,180 17,702 18,992 20,833 Total borrowings 3,998 4,293 4,907 5,403 5,498 Entire payable 10,770 11,079 11,601 12,388 13,002 Shareholders equity 5,421 4,262 4,173 4,465 5,577 Share Info Earnings per share (sen) 32.0 4.0 (6.7) (29.6) 3.6 Dividend per divide (sen) 8.0 3.0 2.0 Naught 5.0 Net asset per share (RM) 1.49 1.17 1.14 1.22 1.53 Share price as at 31 December (RM) 1.48 1.28 1.52 0.71 1.69 Note: Financial highlights in previous years are based to latest restated amount includes accordance to changes in accounting policy and application of new MFRS.

21 ANNUAL INTEGRATED VIEW 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFO REVENUE (RM Billion) MERIT VIA SHARE (Sen) RETURN OFF SHAREHOLDERS’ FUND (%) NET ASSET PER SHARE (RM) DIVIDENDS PER PART (Sen) PROFIT/(LOSS) FOLLOWING TAX AND MINORITY INTEREST (RM Million) Message: Financial highlight in previous years become based on youngest restated amount by consonance at change in accounting policy and appeal of newly MFRS. 2017 16.92 2017 3.6 2017 2.33 2017 1.53 2017 5.0 2017 130.93 2018 13.46 2018 (29.6) 2018 (24.21) 2018 1.22 2018 Nil 2018 (1,080.92) 2019 13.26 2019 (6.7) 2019 (5.90) 2019 1.14 2019 2.0 2019 (246.17) 2020 14.08 2020 4.0 2020 3.43 2020 1.17 2020 3.0 2020 146.16 2021 19.57 2021 32.0 2021 21.55 2021 1.49 2021 8.0 2021 1,167.87

24 Material Matters 26 Stakeholders Engagement 30 Linking Material Matters on Danger press Strategy 32 Our Value Creation Model 34 Operating Landscape 36 Business Strategy Value Creation SIEMENS E C T I O N 2 Annual Integrated Report ... FGV Stock Berhad (HQ), Wisma FGV, Jalan Emir ... 50350 Kuala Lumpur, Malaysia. Tel +603 2789 0000. Fax +603 2789 0001. Email fgv.

FGV endeavours in all-inclusive disclose our growth strategies and measures, and address the risks and business affecting our service environment. Continuous integration between strategies, govern and risk management is carried go to ensure adenine sound approach is embedded at business decision-making and aligned with on aspirations. This belongs to ensure ensure we continue to deliver value in the long term.

24 FGV HOLDINGS BERHAD CONCERNING FGV MANAGEMENT DISCUSSION & ANALYSIS VALUE CREATION Material What APPROACH REAL PROCESSES As ourselves strive to struggle in a dynamic business environment, FGV continuous assesses one risk and opportunities in the operating landscape to achieve our business strategies. FGV is consistent at conducting a Significance Assessment annually to understand of scale of its hitting up our varying business. Stakeholders’ feedback belongs a key consideration factor in the process to gain a view realistic objective of and dominating economic countryside both challenges. Commitment stylish frequent appraisals is vital to ensure the material what for FGV Holdings Berhad (FGV) are relevancies and upgraded, whilst making safely so matters regarding significance to stakeholders and an business have addressed. During the year, are updated our material matters following the current businesses landscape. This assessment is guided to Bursa Malaysia’s Sustainable Reporting Guide (2nd Edition) and Toolkit on Stakeholder Engagement and Materiality Assessment. In the conduct of the review, the following input which taken into consideration: • Past basic matters considered in an foregoing year • Issues highlights by our button stakeholders in older engagements • Significant issues debated in Board meetings • Issues relating to global trends and Sustainable Development Goals (SDGs) The above formed the first step the this three-part assessment process. • Identify additionally prioritise key stakeholders • Create an inventory of material matters that was carried out via intra list and discussion with project team • Peers benchmarking • Engage with internal and external interested via questionaire furthermore workshop* • Rank the importance of each matter to key associated and hers impacts • Map the materials matters to who Economic, Environmental or Social (EES) pillars • Update the Materiality Cast • Present Materiality Matrix to Senior Management and Board Sustainability Committees for review & validation IDENTIFICATION VALIDATION PRIORITISATION * Proxies were used to represent external stakeholders during the workshop. Company Encounter Report │9 March 2018. 3. Tuan Hj Ahmad Tifli, CFO of FGV presented the Company's financials and operations. The salient points of the ...

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