Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
April 2016 issue
summary
HEAVY RAINS
Jakarta, 28 April 2016 – PT “a poer a Agro T k a d su sidiaries “a poer a Agro" or the Co pa
released its unaudited financial and operational results for the period ending in 31 March 2016
1Q16 .
The first October rain that rought relief fro last ear’s e tre e drought had progressively intensified
into first quarter of 2016. Average rainfall across our South Sumatra estates in 1Q16 climbed 95% versus
the average recorded in 4Q15. Similarly with our Kalimantan estates whose locations are in Central and
West Kalimantan. The region also recorded 87% more rainfall in 1Q16 versus 4Q15. In fact, rainfall
statistics of both regions in 1Q16 had also exceeded first quarter average of the previous 5 years.
Sumatra estates recorded 12% higher average while Kalimantan estates recorded 81% higher.
Along with the continued moisture recovery, our oil extraction rates had also strengthened in 1Q16
versus 4Q15, from 20.2% to 22.5%. Sumatra estates made the most improvement within the period by
booking an increase from 19.9% in 4Q15 to 22.9% in 1Q16. Similarly in Kalimantan, extraction rates
climbed from 21.5% in 4Q15 to 21.8% in 1Q16. Year on year comparison also showed some progress as
the combined oil extraction rates rose from 22.3% in 1Q15 to 22.5% in 1Q16.
Sampoerna Agro produced a total of 63,679 tons of CPO in 1Q16, or 9% higher than the same period of
2015. Once again, Sumatra estates contributed to the production growth which registered 19% more
output while Kalimantan registered 7% decline during the period.
In revenue terms, the Company booked Rp719.52 billion in 1Q16, or 37% higher than 1Q15. Year-onyear revenue growth within the period was attributable to a surge in sales volume among the two
biggest revenue contributor. Sales volume of CPO rose 66% to 91,570 tons vs the same period in 2015
while PK sales volume escalated 23% to 14,567 tons.
On the flip side, palm oil commodity traded lower during 1Q16 versus the same period of 2015. Average
selling price of CPO for Sampoerna Agro in 1Q16 amounted Rp6,547 per kg, or 17% lower versus 1Q15
figure. PK was also sold at 2% lower price in 1Q16 and averaged Rp4,750 per kg within the period. Both
products, plus our DxP Sriwijaya seeds contributed a total of Rp694.83 billion of revenue for the period,
or 97% of total consolidated revenue in 1Q16.
-o0o-
Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585
Jakarta : Sampoerna Strategic Square, North Tower, 28th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia
Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
April 2016 issue
corporate details
o
Area statement as of March 2016:
matured
immature
total
o
Oil Palm
Sub-T
Nucleus Plasma
65,622 47,967 113,588
16,721
5,013
21,734
82,342 52,980 135,322
Other crops
Sago Rubber Others
1,403
183
11,378 10,249
554
12,781 10,432
554
TOTAL
115,174
43,915
159,089
Production of key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-16
80,650
59,671
31,402
6,611
910
Feb-16
51,507
31,255
18,313
3,708
1,912
Mar-16
45,020
19,719
13,963
3,135
1,562
YTD 16
177,176
110,644
63,679
13,454
4,384
Jan-15
52,194
30,055
18,056
3,775
1,253
Feb-15
50,001
26,781
17,304
3,703
1,907
Mar-15
69,813
36,540
22,928
5,737
1,497
YTD 15
172,008
93,376
58,289
13,215
4,656
∆
+3%
+18%
+9%
+2%
-6%
∆
-17%
-17%
-2%
+1%
Note: Not all FFB was processed by palm oil mill within the same day it was harvested
o
Average selling price of key products:
in Rp/kg
Jan-16
CPO
6,261
CPOᵋ
6,261
P.Kernel
4,465
G.Seeds (Rp/unit) 7,629
Feb-16
6,560
6,560
4,996
7,735
Mar-16
7,071
7,071
5,175
7,857
YTD 16
6,547
6,547
4,750
7,746
Jan-15
7,714
7,714
4,491
7,790
Feb-15
7,937
7,937
4,868
7,500
Mar-15
8,096
8,096
5,141
7,726
YTD 15
7,908
7,908
4,858
7,662
Mar-16
137.49
20.40
8.76
14.72
181.37
YTD 16
599.49
69.20
26.14
24.69
719.52
Jan-15
162.34
16.73
5.09
4.04
188.20
Feb-15
117.04
16.30
7.53
4.61
145.48
Mar-15
156.40
24.36
9.34
3.09
193.19
YTD 15
∆
435.79 +38%
57.38 +21%
21.96 +19%
11.74 +110%
526.87 +37%
Note: CPOᵋ pri e is et of e port ta
o
Revenue breakdown by key products:
in Rp bn
CPO
P.Kernel
G.Seeds
Others
Total Sales
Jan-16
233.45
36.04
7.21
5.93
282.63
Feb-16
228.55
12.75
10.17
4.04
255.52
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB output (Kalimantan vs Sumatra)
FFB output (Nucleus vs Plasma)
100%
100%
50%
75% 72% 74% 66%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 34%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
Kalimantan
Sumatra
48% 46% 38%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 62%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
Nucleus
Plasma
For further inquiries, please contact us at investor.relations@sampoernaagro.com
Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585
Jakarta : Sampoerna Strategic Square, North Tower, 28th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia
Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com
COMPANY NEWSLETTER
April 2016 issue
summary
HEAVY RAINS
Jakarta, 28 April 2016 – PT “a poer a Agro T k a d su sidiaries “a poer a Agro" or the Co pa
released its unaudited financial and operational results for the period ending in 31 March 2016
1Q16 .
The first October rain that rought relief fro last ear’s e tre e drought had progressively intensified
into first quarter of 2016. Average rainfall across our South Sumatra estates in 1Q16 climbed 95% versus
the average recorded in 4Q15. Similarly with our Kalimantan estates whose locations are in Central and
West Kalimantan. The region also recorded 87% more rainfall in 1Q16 versus 4Q15. In fact, rainfall
statistics of both regions in 1Q16 had also exceeded first quarter average of the previous 5 years.
Sumatra estates recorded 12% higher average while Kalimantan estates recorded 81% higher.
Along with the continued moisture recovery, our oil extraction rates had also strengthened in 1Q16
versus 4Q15, from 20.2% to 22.5%. Sumatra estates made the most improvement within the period by
booking an increase from 19.9% in 4Q15 to 22.9% in 1Q16. Similarly in Kalimantan, extraction rates
climbed from 21.5% in 4Q15 to 21.8% in 1Q16. Year on year comparison also showed some progress as
the combined oil extraction rates rose from 22.3% in 1Q15 to 22.5% in 1Q16.
Sampoerna Agro produced a total of 63,679 tons of CPO in 1Q16, or 9% higher than the same period of
2015. Once again, Sumatra estates contributed to the production growth which registered 19% more
output while Kalimantan registered 7% decline during the period.
In revenue terms, the Company booked Rp719.52 billion in 1Q16, or 37% higher than 1Q15. Year-onyear revenue growth within the period was attributable to a surge in sales volume among the two
biggest revenue contributor. Sales volume of CPO rose 66% to 91,570 tons vs the same period in 2015
while PK sales volume escalated 23% to 14,567 tons.
On the flip side, palm oil commodity traded lower during 1Q16 versus the same period of 2015. Average
selling price of CPO for Sampoerna Agro in 1Q16 amounted Rp6,547 per kg, or 17% lower versus 1Q15
figure. PK was also sold at 2% lower price in 1Q16 and averaged Rp4,750 per kg within the period. Both
products, plus our DxP Sriwijaya seeds contributed a total of Rp694.83 billion of revenue for the period,
or 97% of total consolidated revenue in 1Q16.
-o0o-
Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585
Jakarta : Sampoerna Strategic Square, North Tower, 28th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia
Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
April 2016 issue
corporate details
o
Area statement as of March 2016:
matured
immature
total
o
Oil Palm
Sub-T
Nucleus Plasma
65,622 47,967 113,588
16,721
5,013
21,734
82,342 52,980 135,322
Other crops
Sago Rubber Others
1,403
183
11,378 10,249
554
12,781 10,432
554
TOTAL
115,174
43,915
159,089
Production of key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-16
80,650
59,671
31,402
6,611
910
Feb-16
51,507
31,255
18,313
3,708
1,912
Mar-16
45,020
19,719
13,963
3,135
1,562
YTD 16
177,176
110,644
63,679
13,454
4,384
Jan-15
52,194
30,055
18,056
3,775
1,253
Feb-15
50,001
26,781
17,304
3,703
1,907
Mar-15
69,813
36,540
22,928
5,737
1,497
YTD 15
172,008
93,376
58,289
13,215
4,656
∆
+3%
+18%
+9%
+2%
-6%
∆
-17%
-17%
-2%
+1%
Note: Not all FFB was processed by palm oil mill within the same day it was harvested
o
Average selling price of key products:
in Rp/kg
Jan-16
CPO
6,261
CPOᵋ
6,261
P.Kernel
4,465
G.Seeds (Rp/unit) 7,629
Feb-16
6,560
6,560
4,996
7,735
Mar-16
7,071
7,071
5,175
7,857
YTD 16
6,547
6,547
4,750
7,746
Jan-15
7,714
7,714
4,491
7,790
Feb-15
7,937
7,937
4,868
7,500
Mar-15
8,096
8,096
5,141
7,726
YTD 15
7,908
7,908
4,858
7,662
Mar-16
137.49
20.40
8.76
14.72
181.37
YTD 16
599.49
69.20
26.14
24.69
719.52
Jan-15
162.34
16.73
5.09
4.04
188.20
Feb-15
117.04
16.30
7.53
4.61
145.48
Mar-15
156.40
24.36
9.34
3.09
193.19
YTD 15
∆
435.79 +38%
57.38 +21%
21.96 +19%
11.74 +110%
526.87 +37%
Note: CPOᵋ pri e is et of e port ta
o
Revenue breakdown by key products:
in Rp bn
CPO
P.Kernel
G.Seeds
Others
Total Sales
Jan-16
233.45
36.04
7.21
5.93
282.63
Feb-16
228.55
12.75
10.17
4.04
255.52
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB output (Kalimantan vs Sumatra)
FFB output (Nucleus vs Plasma)
100%
100%
50%
75% 72% 74% 66%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 34%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
Kalimantan
Sumatra
48% 46% 38%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 62%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
Nucleus
Plasma
For further inquiries, please contact us at investor.relations@sampoernaagro.com
Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585
Jakarta : Sampoerna Strategic Square, North Tower, 28th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia
Tel +62-21 5771711 Fax +62-21 5771712 http://www.sampoernaagro.com