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14 September 2026 Deploying strategy, delivering results 2026 Interim Results 1
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M.P. EVANS GROUP PLC | Deploying strategy, delivering results 2 Agenda H1 2026 overview 01 Crop, production and sustainable output 02 Palm-oil market and pricing 03 H1 2026 results 04 Strategy in action 05 H2 2026 outlook 06 Summary 07 Appendices 08
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H1 2026 overview Group harvest up 14% to 705,400 tonnes (2025: 619,100 tonnnes), with purchases of independent crop reduced by 22% to 92,800 tonnes (2025: 118,600 tonnes) Earnings per share up 21% to 86.5p (2025: 71.7p) Gross profit up 25% to US$78.9 million (2025: US$63.4 million) due to improving extraction rates, pricing, crop mix, acquisition performance, and f/x. CPO mill-gate prices up 1% to US$873 per tonne (2025: US$868 per tonne) and PK mill-gate prices up 9%. Total CPO production up 11% to 192,300 tonnes (2025: 172,800 tonnes) with OER up to 24.2% Interim dividend up 39% to 25p per share (2025: 18p per share) | Deploying strategy, delivering results 3M.P. EVANS GROUP PLC
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M.P. EVANS GROUP PLC Crop, production and sustainable output | Deploying strategy, delivering results 6 2026 2025 Crop processed CPO produced Crop processed CPO produced Group Scheme smallholders Independent Certified CPO Non-certified CPO 24.2% 23.5% 16% 20% 64% 76% 24% 12% 21% 67% 79% 21% Total crop processed up by 8% on prior year, but with a change in the input mix to Group mills Extraction rate up on prior year, 24.2% compared to 23.5% in 2025 Palm kernel extraction up to 5.3% 97% of Group CPO produced in own mills with output of certified sustainable CPO up to 79% of total (2025: 76%)
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M.P. EVANS GROUP PLC Palm-oil market and pricing | Deploying strategy, delivering results Market In May, Indonesian government indicated their concerns over approach taken by some market participants to the export market Levy and export tax applied via published tables BMD (spot) will be published on Group website Historical Cif Rotterdam price will remain on website US$ EMG 873 Transport + fobbing 14 Indonesia export tax 148 Indonesia export levy 129 FOB Indonesia 1,164 Spread of FOB 31 FOB Malaysia 1,195 Malaysia duty -100 Fobbing -5 BMD (spot) 1,090 7 0 500 1,000 1,500 2,000 2,500 04-Jan-2021 04-Jan-2022 04-Jan-2023 04-Jan-2024 04-Jan-2025 04-Jan-2026 Crude palm oil price (US$ per tonne BMD) 2021 2022 2023 2024 2025 2026 2026 pricing H1 2026 pricing has increased slightly compared to H1 2025 Average mill-gate price for Group CPO US$873 per tonne, up by 1% on 2025 Adjustment to publicly available pricing benchmark, away from Cif Rotterdam to Bursa Malaysia Derivative (BMD) BMD to EMG price bridge (illustrative) No material impact on operations, including pricing, since announcement and we continue to monitor Indonesian export arrangements
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M.P. EVANS GROUP PLC H1 2026 results | Deploying strategy, delivering results 8 Revenue Revenue increased by 9%, driven primarily by higher volumes of CPO and PK Strong price environment continued during H1 2026 across CPO and PK Sustainability premia down US$0.3m, to US$2.5m from US$2.8m due to lower premium per tonne, despite increase in proportion sold as sustainable. End-market demand key to future growth in premium per tonne Increasing output driving down unit costs Slightly higher fertiliser costs due to rising prices towards end of 2025, but the Group is protected from the higher prices seen since conflict in the Middle East for remainder of 2026. Favourable f/x in year of US$12 per tonne due to weaker IDR Total cost per tonne (all sources) was US$514, down 7% from US$553 in 2025 due to change in mix of crop processed Group cost per tonne (own crop) H1 2026: US$196.3m H1 2025: US$179.4m 2026 US$m 2025 US$m CPO 156.8 143.0 PK 32.8 27.5 FFB 6.7 8.9 H1 2026: US$409 H1 2025: US$446 2026 2025 Labour 39% 39% Fertiliser 13% 11% Depreciation 19% 20% Central costs 6% 6% Other 23% 24%
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M.P. EVANS GROUP PLC H1 2026 results: Profitability | Deploying strategy, delivering results 9 63.4 4.2 (0.3) 67.3 6.0 2.2 3.7 (2.3) 76.9 2.0 78.9 Gross margin 2025 Sales Price Purchases price Subtotal Volume Mix Acquisition Costs Subtotal FX Gross margin 2026 - 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 25% +26% +25% Operating profit US$78.1m Profit for the period US$62.1m
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M.P. EVANS GROUP PLC H1 2026 results: Cash generation and capital allocation | Deploying strategy, delivering results 10 Uses Sources 87.5 Opening cash 91.7 Cash from operations(US$m) 0.7 interest received (21.8) Tax (10.7) Capex (29.6) Dividends 113.5 Closing cash (3.2) SBB (1.1) other Capital allocation balancing operational excellence, long-term investment and shareholder returns Debt free balance sheet M.P. EVANS GROUP PLC Balance sheet strength enables management to focus on opportunities for future growth and progressive returns to shareholders 117% Cash conversion
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M.P. EVANS GROUP PLC H1 2026 results: Paying progressive dividends | Deploying strategy, delivering results 11 0 10 20 30 40 50 60 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Interim Final (pence) Interim dividend of 25p per share, up 39% on prior year (some interim/final rebalancing) EPS improvement driven by operational performance 36 years of maintaining or increasing dividends, with a continued focus on sustainable dividend growth
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M.P. EVANS GROUP PLC Strategy in action | Deploying strategy, delivering results 12 Yield Our investment strategy significantly improves shareholder returns Increase in interim dividend +39% Growth We seek to grow and develop the Group Increase the crop harvested +14% Responsibility Acting responsibly is at the heart of what we do and who we are Increase in sustainable CPO +16% Excellence Excellence comes from investing for the long term Increase in oil-extraction rate +3%
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M.P. EVANS GROUP PLC | Deploying strategy, delivering results 13 Strategy in action: Case study - Value enhancement through acquisition *2026 figures are from latest company forecasts 9 13.1 17.2 2024 2025 2026 In November 2023, the Group acquired 8,350 hectares in East Kalimantan Yields have improved by 91% in 3 years following intensive rehabilitation by our agronomic experts Resulted in an additional 63,000 tonnes of our own crop being processed in our mill in 2025, continuing the change in mix and improving margins Yield per mature hectare ( Tonnes per Ha) Before After *
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M.P. EVANS GROUP PLC Strategy in action: Further growth via KWB acquisition | Deploying strategy, delivering results 14 Initial outlay of US$2 million for land, total investment expected to be US$20-25 million or US$7-8,000 per planted hectare Located close to Kota Bangun estate which has milling capacity Sustainability assessment completed Would take planted hectarage to approximately 74,000 hectares KWB acquired and licence to plant adjacent space at Long Nah Continues shift towards processing more of our own harvest in our own mills
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M.P. EVANS GROUP PLC H2 2026 outlook: current trading | Deploying strategy, delivering results 15 8 months ended 31 August 2026 Tonnes Increase/ (decrease) % 8 months ended 31 August 2025 Tonnes Own crops 737,100 15 639,400 Scheme-smallholder crops 228,000 20 189,400 Crop harvested 965,100 16 828,800 Independent crops purchased 123,300 (24) 162,200 1,088,400 10 991,000 Crop Price YTD average tender price for Group CPO of US$868 per tonne for eight months to August 2026 PK pricing has remained around half-year levels at US$799 per tonne for eight months to August 2026 Pricing levels already achieved indicative of a robust average for the year as a whole
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M.P. EVANS GROUP PLC Summary | Deploying strategy, delivering results Strong profitability, leading to EPS of 86.5p for H1 and 39% increase in interim dividend to 25p per share Purchase of KWB – planting opportunities Strong start to H2 2026, with crop up and pricing in line with H1. Monitoring El-Nino, but likely to impact crop in 2027 with an expected offset in pricing Group remains highly cash generative and remains committed to a balanced approach to capital allocation, to deliver the best returns for all shareholders M.P. EVANS GROUP PLC Strong growth in Crop harvested, up 14% year-on-year Increased output leading to lower unit production costs, with an f/x tailwind 117% cash conversion leading to net cash surplus at 30 June 2026 of $113.5m Continue to review Indonesian political environment, but no operational disruption experienced to date, nor any notable changes in pricing Improved extraction rates due to operational focus and change in mix improving margins 16
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M.P. EVANS GROUP PLC | Deploying strategy, delivering results 17 Appendices The Group: Who we are 18 The Group: Our operations 19 Vegetable-oil market 20 Palm oil in context 21 Oil palm life cycle 22 Age profile of planting 23 Summary operational information 24 Summary financial information 25 Investment case 26-27 Palm oil – our position 28 M.P. EVANS GROUP PLC
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M.P. EVANS GROUP PLC The Group: | Deploying strategy, delivering results 18 Operating locations Minority investments Medan Sumatra Kuala Lumpur Singapore Kalimantan Samarinda Java Jakarta Bangka Island Indonesian head office A top 10 AIM listed, fully integrated and sustainable Indonesian palm-oil producer, from land development and cultivation, through harvesting and milling, to the production and sale of crude palm oil and palm kernels. Six zero-waste palm-oil mills Across the Group’s Indonesian plantations processing crop harvested on site 121% 5-year total shareholder returns Track record of delivering strong financial results & shareholder returns Over 12,500 employees With a community-centric model and 33 smallholder co-operatives schemes Who we are Over 70,000 planted hectares With the highest standards and a commitment to operational efficiency 15,000 hectares acquired since 2023 Compounding growth through scale along with further planting 79% sustainable CPO With sustainable output increasing as Group crop mix improves
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M.P. EVANS GROUP PLC The Group: Our operations | Deploying strategy, delivering results 19
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M.P. EVANS GROUP PLC Vegetable-oil market | Deploying strategy, delivering results 20 Palm oil is in growing demand globally Global vegetable-oil consumption grown by 4% per annum on average since 1990 Steadily increasing demand driven by growing populations and rising incomes, particularly in emerging markets Indonesian palm-oil production rebounded from weather-related poor production in 2024 Palm oil is the world's largest vegetable oil by volume and international trade Growth of world vegetable-oil production (tonnes, millions) Global vegetable-oil consumption (tonnes, millions) Source: Oil World 2025 data. - 50 100 150 200 250 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '20 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 0 50 100 150 200 250 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Palm Soybean Rapeseed Sunflower Others = Previous El-Nino events
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M.P. EVANS GROUP PLC Palm oil in context | Deploying strategy, delivering results 21 M.P. Evans delivers sector-leading yields Can be harvested continuously all year-round, unlike other seasonable vegetable oils It is the most land-efficient vegetable oil, producing over 35%of the world’s vegetable oil on less than 10% of the land used for all vegetable oil crops Indonesian bio-fuel ambitions continue to increase, with ongoing trials for B50 mandate Essential ingredient for food security and nutrition for billions of people, and increasingly critical for energy security through biodiesel programmes Main producers of palm oil 2025 Main consumers of palm oil 2025 Main producing countries Remaining 18% consists of Thailand (5%), Colombia (2%), Nigeria (2%), other countries (9%) Main consuming countries Remaining 9% consists of Malaysia (5%), other countries (4%) Indonesia (58%) Malaysia (24%) India (10%) EU (5%)Indonesia (28%) Other Asia (20%) Americas (8%) Africa (14%) China (6%) 0.5 0.2 0.8 0.8 3.4 5.0 Soybean Cottonseed Sunflower seed Canola/rapeseed Palm MPE Vegetable-oil yield per hectare (tonnes) Source: Oil World 2025 data.
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M.P. EVANS GROUP PLC Oil palm life cycle | Deploying strategy, delivering results 22 0 1 2 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 2514 Palm age (years) Yield: 5 tonnes Yield: 10 tonnes Yield: 15 tonnes Yield: 20 tonnes Yield: 25 tonnes Plant begins to yield approx. 30 months post planting. As at end December 2025, M.P. Evans’ average age of planting was 11 years. Plant will continue to yield beyond 25 years. However, harvesting represents a greater challenge.
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M.P. EVANS GROUP PLC Prime ImmatureYoungOld - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 20+ 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 Age profile of planting 23| Deploying strategy, delivering results Own Scheme smallholders Hectares Age
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M.P. EVANS GROUP PLC Summary operational information | Deploying strategy, delivering results 24 H1 2026 Tonnes ‘000 Increase/ (decrease) % H1 2025 Tonnes ‘000 CROP Own crops 537 13 474 Scheme-smallholder crops 168 15 145 Group harvest 705 14 619 Independent crops purchased 93 (22) 119 Total crop processed 798 8 738 CPO PRODUCTION Group mills 186 14 164 Third-party mills 6 (29) 9 192 11 173
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M.P. EVANS GROUP PLC Summary financial information | Deploying strategy, delivering results 25 H1 2026 H1 2025 Revenue US$m 196.3 179.4 Gross profit US$m 78.9 63.4 Gross margin % 40 35 Profit for the period US$m 62.1 49.6 Sustainability premium income US$m 2.5 2.8 Group cost per tonne US$ 409 446 Total cost per tonne US$ 514 553 Earnings per share pence 86.5 71.7 Interim dividend per share pence 25.0 18.0 Cash generated from operations US$m 70.4 58.3 Net funds US$m 113.5 70.5 Net assets US$m 636.8 556.6
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M.P. EVANS GROUP PLC | Deploying strategy, delivering results 26 Investment case: Future plans We seek to grow and develop the Group We will increase the volume and proportion of certified sustainable output produced at the Group’s efficiently run palm-oil mills. We are building new facilities at our estates, including a biomethane plant to further reduce our reliance on, and the cost of, traditional fuel sources. With the ambition to find suitable land, and the continuing increases in crop volumes, the Group will review the opportunity to build a seventh mill, increasing production at Simpang Kiri. We remain committed to sound financial management and capital allocation, deploying funds to enhance future shareholder returns. Responsibility Excellence Growth Yield
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M.P. EVANS GROUP PLC Investment case: Future growth focus | Deploying strategy, delivering results 27 Tonnes (millions) Note – information for illustrative purposes only and does not constitute a Company forecast Organic growth Estate management focused on improving yields at existing locations, along with greater productivity from maturing hectares Improving crop at recently acquired locations will support continuing growth Investment in planting at both Musi Rawas and Kota Bangun M&A opportunity Debt-free balance sheet supporting investment programme Active conversations ongoing to acquire new hectarage around existing mills Beneficial to hold cash to manage commodity cycles 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2020 2021 2022 2023 2024 2025 2026p 2027p 2028p 2029p 2030p Own crop Scheme-smallholder crop Independent-smallholder crop M&A opportunity Maximum milling capacity
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M.P. EVANS GROUP PLC Palm oil | Deploying strategy, delivering results 28 Palm oil The key areas and our position Organic growth Sustainable palm oil is not about avoiding palm oil – it’s about producing the world’s most efficient vegetable oil responsibly. M.P. Evans demonstrates this through independently verified environmental and social standards. The world’s most land-efficient oil Palm oil supplies almost 40% of the world’s vegetable oil using less than 10% of the land. Sustainability is the key Sustainable production protects forests, wildlife and communities while meeting global demand. Essential for global demand By volume produced and consumed each year, palm oil is the largest of the world’s vegetable oils. Our commitment our actions No deforestation Biodiversity protection Climate action People & workers Communities & land rights Traceability & supply chain Certification & transparency Dedicated biodiversity team protecting habitats and wildlife corridors. Measuring and reducing emissions. Renewable energy from biogas. Permanent employment with housing, healthcare and education. Working with local communities and co-operative schemes. Full traceability from our estates. Supplier training programmes. Independently audited to the highest standards. No development of HCV/HCS forest areas. 8,000+ ha Conversion land Protected habitat Across our estates 45% Reduction in emissions over 5 years 12,000+ Permanent employees 16,000+ ha Owned through local co-operative schemes 85% Of crop fully traceable 80% Of mill output certified
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Thank you 29