Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
April 2017 issue
summary
PALM KERNEL OUTPERFORMANCE
Jakarta, 27 April 2017 – 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 2017
1Q17 .
Sampoerna Agro performed well in the first quarter 2017 mainly because it was backed by high
commodity prices, as global CPO stocks persisted to be at lower levels, and decent harvesting volume, as
production recovery continued. Another surprising factor from palm kernel provided good support for
the Company in terms of financial performance. Sampoerna Agro managed to book Rp1,029.01 billion of
consolidated revenue in 1Q17, or 43% higher ersus the pre ious ear s perfor a e 1Q16 . It also
paved the way for robust earnings performance which was recorded at 1,027% higher, from Rp14.02
billion in 1Q16 to Rp157.96 billion in 1Q17.
As usual, CPO and PK maintained to be the lionshare of company revenue which contributed 91% of
total within 1Q17. Sales contribution from CPO within the period totaled Rp757.94 billion, or 26% higher
than 1Q16 figure. The rise was attributable to average selling price which rose 35% from Rp6,547 per kg
in 1Q16 to Rp8,840 per kg in 1Q17. On the other hand, sales volume of CPO during the first three
months of 2017 had actually declined 6% relative to the same period in 2016 even though CPO
production within the period had actually climbed 32%. The 6% decline in sales volume was due to
signficantly higher inventory drawdown in 1Q16 as the figure amounted to around 28,000 tons last year,
elittli g this ear s dra do of roughly 5,000 tons.
Palm Kernel, as the second biggest revenue generating product, outshined CPO in its year-on-year
performance. Revenue contribution from PK amounted to Rp183.03 billion in 1Q17, or 164% higher than
1Q16. The stellar growth performance was due to 86% growth in average selling price and 42% growth
in sales volume within the period. Interestingly, average selling price for our PK had even surpassed CPO
in January, and to a greater extend, in February of this year. In February 2017, our PK was sold at an
average price of Rp9,381 per kg, or 4% premium against CPO within the same period.
In 1Q17, production recovery within the Company oil palm estates continued to be evidenced. CPO
production reached 83,866 tons, or 32% higher than 1Q16. Big part of the production growth within the
period was attributable to our Sumatra estates which saw a total of 62,650 tons of CPO being produced,
or 46% higher than 1Q16 figure of 43,026 tons. Our Kalimantan estates also managed to book a 3%
increase during the period, from 20,653 tons in 1Q16 to 21,217 tons in 1Q17.
-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 2017 issue
corporate details
o
Area statement as of March 2017:
Oil Palm
Nucleus Plasma
66,207 49,738
14,585
5,010
80,791 54,748
matured
immature
total
o
Other crops
Sago
Rubber Others
1,403
183
11,378 15,619
800
12,781 15,802
800
Sub-T
115,944
19,594
135,539
TOTAL
117,530
47,391
164,921
Production of key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-17
86,776
103,861
39,948
10,202
599
Feb-17
62,738
57,852
25,569
5,635
932
Mar-17
56,470
30,785
18,349
3,960
1,209
YTD 17
205,985
192,498
83,866
19,798
2,739
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 YTD 16
45,020 177,176
19,719 110,644
13,963
63,679
3,135
13,454
1,562
4,384
∆
+16%
+74%
+32%
+47%
-38%
∆
+35%
+35%
+86%
+5%
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
CPO
CPOᵋ
P.Kernel
G.Seeds (Rp/unit)
Jan-17
8,826
8,826
8,861
8,150
Feb-17
8,986
8,986
9,381
8,097
Mar-17
8,665
8,665
8,176
8,266
YTD 17
8,840
8,840
8,819
8,164
Jan-16
6,261
6,261
4,465
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
Mar-17
YTD 17
193.38
757.94
40.77
183.03
4.65
13.73
11.92
74.31
250.72 1,029.01
Jan-16
233.45
36.04
7.21
5.93
282.63
Feb-16
228.55
12.75
10.17
4.04
255.52
Mar-16
137.49
20.40
8.76
14.72
181.37
YTD 16
∆
599.49 +26%
69.20 +164%
26.14 -47%
24.69 +201%
719.52 +43%
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-17
293.27
96.54
2.77
16.45
409.02
Feb-17
271.30
45.72
6.32
45.94
369.27
Note: Others are revenue generated from sago, rubber, FFB, palm kernel products, RBDPO, and electricity
FFB output (Kalimantan vs Sumatra)
FFB output (Nucleus vs Plasma)
100%
100%
50%
75% 72% 74% 68% 73%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32% 27%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
Kalimantan
Sumatra
48% 46% 43% 48%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57% 52%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
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 2017 issue
summary
PALM KERNEL OUTPERFORMANCE
Jakarta, 27 April 2017 – 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 2017
1Q17 .
Sampoerna Agro performed well in the first quarter 2017 mainly because it was backed by high
commodity prices, as global CPO stocks persisted to be at lower levels, and decent harvesting volume, as
production recovery continued. Another surprising factor from palm kernel provided good support for
the Company in terms of financial performance. Sampoerna Agro managed to book Rp1,029.01 billion of
consolidated revenue in 1Q17, or 43% higher ersus the pre ious ear s perfor a e 1Q16 . It also
paved the way for robust earnings performance which was recorded at 1,027% higher, from Rp14.02
billion in 1Q16 to Rp157.96 billion in 1Q17.
As usual, CPO and PK maintained to be the lionshare of company revenue which contributed 91% of
total within 1Q17. Sales contribution from CPO within the period totaled Rp757.94 billion, or 26% higher
than 1Q16 figure. The rise was attributable to average selling price which rose 35% from Rp6,547 per kg
in 1Q16 to Rp8,840 per kg in 1Q17. On the other hand, sales volume of CPO during the first three
months of 2017 had actually declined 6% relative to the same period in 2016 even though CPO
production within the period had actually climbed 32%. The 6% decline in sales volume was due to
signficantly higher inventory drawdown in 1Q16 as the figure amounted to around 28,000 tons last year,
elittli g this ear s dra do of roughly 5,000 tons.
Palm Kernel, as the second biggest revenue generating product, outshined CPO in its year-on-year
performance. Revenue contribution from PK amounted to Rp183.03 billion in 1Q17, or 164% higher than
1Q16. The stellar growth performance was due to 86% growth in average selling price and 42% growth
in sales volume within the period. Interestingly, average selling price for our PK had even surpassed CPO
in January, and to a greater extend, in February of this year. In February 2017, our PK was sold at an
average price of Rp9,381 per kg, or 4% premium against CPO within the same period.
In 1Q17, production recovery within the Company oil palm estates continued to be evidenced. CPO
production reached 83,866 tons, or 32% higher than 1Q16. Big part of the production growth within the
period was attributable to our Sumatra estates which saw a total of 62,650 tons of CPO being produced,
or 46% higher than 1Q16 figure of 43,026 tons. Our Kalimantan estates also managed to book a 3%
increase during the period, from 20,653 tons in 1Q16 to 21,217 tons in 1Q17.
-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 2017 issue
corporate details
o
Area statement as of March 2017:
Oil Palm
Nucleus Plasma
66,207 49,738
14,585
5,010
80,791 54,748
matured
immature
total
o
Other crops
Sago
Rubber Others
1,403
183
11,378 15,619
800
12,781 15,802
800
Sub-T
115,944
19,594
135,539
TOTAL
117,530
47,391
164,921
Production of key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-17
86,776
103,861
39,948
10,202
599
Feb-17
62,738
57,852
25,569
5,635
932
Mar-17
56,470
30,785
18,349
3,960
1,209
YTD 17
205,985
192,498
83,866
19,798
2,739
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 YTD 16
45,020 177,176
19,719 110,644
13,963
63,679
3,135
13,454
1,562
4,384
∆
+16%
+74%
+32%
+47%
-38%
∆
+35%
+35%
+86%
+5%
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
CPO
CPOᵋ
P.Kernel
G.Seeds (Rp/unit)
Jan-17
8,826
8,826
8,861
8,150
Feb-17
8,986
8,986
9,381
8,097
Mar-17
8,665
8,665
8,176
8,266
YTD 17
8,840
8,840
8,819
8,164
Jan-16
6,261
6,261
4,465
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
Mar-17
YTD 17
193.38
757.94
40.77
183.03
4.65
13.73
11.92
74.31
250.72 1,029.01
Jan-16
233.45
36.04
7.21
5.93
282.63
Feb-16
228.55
12.75
10.17
4.04
255.52
Mar-16
137.49
20.40
8.76
14.72
181.37
YTD 16
∆
599.49 +26%
69.20 +164%
26.14 -47%
24.69 +201%
719.52 +43%
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-17
293.27
96.54
2.77
16.45
409.02
Feb-17
271.30
45.72
6.32
45.94
369.27
Note: Others are revenue generated from sago, rubber, FFB, palm kernel products, RBDPO, and electricity
FFB output (Kalimantan vs Sumatra)
FFB output (Nucleus vs Plasma)
100%
100%
50%
75% 72% 74% 68% 73%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32% 27%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
Kalimantan
Sumatra
48% 46% 43% 48%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57% 52%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
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