20170327 SGRO newsletter english
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
March 2017 issue
summary
PENT-UP SPIKE
Jakarta, 27 March 2017 – PT “a poe a Ag o T k a d su sidia ies “a poe a Ag o" o the
Co pa
released its audited financial results along with its operational statistics for full year ending
in December 2016
6 ).
Palm oil output of the Company spiked in the fi al ua te
6 Q 6 as p odu tio e o e came
in full swing, ending a year of surpressed yield in high note. Total F esh F uit Bu h FFB harvests
within the final three months of the year reached 748,859 tons, a surge of 199% over the previous
quarter volume
Q 6 which also meant that production in 4Q16 made up more than half of the
year’s output.
Although e al ead e pe ted significant recovery, the pent-up spike turned out to be slightly more.
Good thing we had already taken necessary measures to prepare our palm oil mills for it. Lines of FFB
transport trucks coming by the mills was a daily sight, especially those surrounding our South Sumatra
estates. Hence, the mills were almost working non-stop for the whole three months, said Ma Louette,
CEO of the Company.
Much of the spike was triggered by production surge happening in our Sumatra estates as the region
experienced 297% increase versus 3Q16. FFB production within Kalimantan estates also climbed
respectably, at 58% over 3Q16. By year end, the year-on-year production gap of FFB harvests managed
to narrow sizeably to -21%, from -43% booked in the previous reporting period. Total CPO output in
2016 reached 297,687 tons, or 23% lower than 2015 figure.
Financial performance of the Company in the fourth quarter recovered pronouncedly, from Rp52.86
billion operating loss as of September 2016 to operating profit that amounted to Rp447.16 billion by
year end. As a result, Sampoerna Agro booked Rp441.88 billion in earnings for the year, or 78% higher
than the previous year. Basically, there were three primary factors o t i uti g to the tu a ou d, said
Budi Halim, Chief Financial Officer.
Budi continued, Firstly, we managed to book Rp1,012.06 billion of revenue from CPO in 4Q16 alone
given the record-breaking sales volume that was accompanied by year high selling prices within the
period. CPO maintained its position as lion share by having contributed 75% towards consolidated
revenue in 2016. Secondly, we booked sizeable deferred tax income during the year that arised from
asset revaluation initiative in support of the Go e
e t’s economic stimulus program. Finally, there
was also some additional income arising from sale of a company subsidiary in West Kalimantan. Main
rational for the sale was to focus our expansion efforts on more prospective landbank alternatives.
-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
March 2017 issue
corporate details
o
Area statement as of December 2016:
Oil Palm
Nucleus Plasma
63,765 47,484
18,154
6,198
81,919 53,682
matured
immature
total
o
Sub-T
111,249
24,352
135,601
Other crops
Sago
Rubber Others
1,403
183
11,378 14,540
801
12,781 14,723
801
TOTAL
112,834
51,071
163,906
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
Apr-16 May-16
39,904 41,375
15,169 16,242
11,507 12,143
2,670
2,454
514
550
Jul-16
29,111
10,672
8,372
1,710
459
Aug-16
42,810
20,747
12,043
2,594
352
Sep-16
85,524
61,440
27,826
6,637
191
Oct-16
131,129
114,631
48,070
11,973
440
Nov-16
128,344
139,015
53,257
12,367
434
Dec-16
108,613
127,127
49,391
12,554
658
YTD 16
822,740
630,100
297,687
68,731
8,205
YTD 15
994,690
851,584
388,037
96,055
11,271
∆
-17%
-26%
-23%
-28%
-27%
Jun-16
7,810
7,810
6,654
9,295
Jul-16
7,646
7,646
6,690
8,348
Aug-16
7,264
7,264
6,847
8,068
Sep-16
8,252
8,252
7,186
8,555
Oct-16
8,364
8,364
6,628
8,255
Nov-16
8,115
7,933
6,717
8,410
Dec-16
8,536
8,452
8,160
7,795
YTD 16
7,651
7,609
6,600
8,046
YTD 15
7,030
7,022
4,237
7,952
∆
+9%
+8%
+56%
+1%
Jun-16
88.68
18.09
3.67
6.63
117.07
Jul-16
89.36
7.57
2.13
5.03
104.09
Aug-16
66.91
20.32
2.75
7.38
97.36
Sep-16
162.34
35.64
4.36
8.91
211.25
Oct-16
244.99
58.54
5.98
11.75
321.26
Nov-16
353.57
82.50
4.78
9.39
450.24
Dec-16
YTD 16
YTD 15
∆
413.51 2,196.65 2,481.46 -11%
120.98
445.58
394.70 +13%
3.32
64.20
78.46 -18%
117.60
208.79
44.82 +366%
655.40 2,915.22 2,999.45
-3%
Jun-16
38,753
14,412
11,399
2,319
223
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
Apr-16 May-16
7,716
8,181
7,716
8,181
6,223
6,324
7,797
8,154
Note: CPOᵋ p i e is et of e po t 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
Mar-16
137.49
20.40
8.76
14.72
181.37
Apr-16 May-16
79.80
98.01
19.10
13.64
4.93
6.15
11.68
5.73
115.50 123.53
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%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Kalimantan
Sumatra
48% 46% 43%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Nucleus
Plasma
For further inquiries, please contact us at [email protected]
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
March 2017 issue
summary
PENT-UP SPIKE
Jakarta, 27 March 2017 – PT “a poe a Ag o T k a d su sidia ies “a poe a Ag o" o the
Co pa
released its audited financial results along with its operational statistics for full year ending
in December 2016
6 ).
Palm oil output of the Company spiked in the fi al ua te
6 Q 6 as p odu tio e o e came
in full swing, ending a year of surpressed yield in high note. Total F esh F uit Bu h FFB harvests
within the final three months of the year reached 748,859 tons, a surge of 199% over the previous
quarter volume
Q 6 which also meant that production in 4Q16 made up more than half of the
year’s output.
Although e al ead e pe ted significant recovery, the pent-up spike turned out to be slightly more.
Good thing we had already taken necessary measures to prepare our palm oil mills for it. Lines of FFB
transport trucks coming by the mills was a daily sight, especially those surrounding our South Sumatra
estates. Hence, the mills were almost working non-stop for the whole three months, said Ma Louette,
CEO of the Company.
Much of the spike was triggered by production surge happening in our Sumatra estates as the region
experienced 297% increase versus 3Q16. FFB production within Kalimantan estates also climbed
respectably, at 58% over 3Q16. By year end, the year-on-year production gap of FFB harvests managed
to narrow sizeably to -21%, from -43% booked in the previous reporting period. Total CPO output in
2016 reached 297,687 tons, or 23% lower than 2015 figure.
Financial performance of the Company in the fourth quarter recovered pronouncedly, from Rp52.86
billion operating loss as of September 2016 to operating profit that amounted to Rp447.16 billion by
year end. As a result, Sampoerna Agro booked Rp441.88 billion in earnings for the year, or 78% higher
than the previous year. Basically, there were three primary factors o t i uti g to the tu a ou d, said
Budi Halim, Chief Financial Officer.
Budi continued, Firstly, we managed to book Rp1,012.06 billion of revenue from CPO in 4Q16 alone
given the record-breaking sales volume that was accompanied by year high selling prices within the
period. CPO maintained its position as lion share by having contributed 75% towards consolidated
revenue in 2016. Secondly, we booked sizeable deferred tax income during the year that arised from
asset revaluation initiative in support of the Go e
e t’s economic stimulus program. Finally, there
was also some additional income arising from sale of a company subsidiary in West Kalimantan. Main
rational for the sale was to focus our expansion efforts on more prospective landbank alternatives.
-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
March 2017 issue
corporate details
o
Area statement as of December 2016:
Oil Palm
Nucleus Plasma
63,765 47,484
18,154
6,198
81,919 53,682
matured
immature
total
o
Sub-T
111,249
24,352
135,601
Other crops
Sago
Rubber Others
1,403
183
11,378 14,540
801
12,781 14,723
801
TOTAL
112,834
51,071
163,906
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
Apr-16 May-16
39,904 41,375
15,169 16,242
11,507 12,143
2,670
2,454
514
550
Jul-16
29,111
10,672
8,372
1,710
459
Aug-16
42,810
20,747
12,043
2,594
352
Sep-16
85,524
61,440
27,826
6,637
191
Oct-16
131,129
114,631
48,070
11,973
440
Nov-16
128,344
139,015
53,257
12,367
434
Dec-16
108,613
127,127
49,391
12,554
658
YTD 16
822,740
630,100
297,687
68,731
8,205
YTD 15
994,690
851,584
388,037
96,055
11,271
∆
-17%
-26%
-23%
-28%
-27%
Jun-16
7,810
7,810
6,654
9,295
Jul-16
7,646
7,646
6,690
8,348
Aug-16
7,264
7,264
6,847
8,068
Sep-16
8,252
8,252
7,186
8,555
Oct-16
8,364
8,364
6,628
8,255
Nov-16
8,115
7,933
6,717
8,410
Dec-16
8,536
8,452
8,160
7,795
YTD 16
7,651
7,609
6,600
8,046
YTD 15
7,030
7,022
4,237
7,952
∆
+9%
+8%
+56%
+1%
Jun-16
88.68
18.09
3.67
6.63
117.07
Jul-16
89.36
7.57
2.13
5.03
104.09
Aug-16
66.91
20.32
2.75
7.38
97.36
Sep-16
162.34
35.64
4.36
8.91
211.25
Oct-16
244.99
58.54
5.98
11.75
321.26
Nov-16
353.57
82.50
4.78
9.39
450.24
Dec-16
YTD 16
YTD 15
∆
413.51 2,196.65 2,481.46 -11%
120.98
445.58
394.70 +13%
3.32
64.20
78.46 -18%
117.60
208.79
44.82 +366%
655.40 2,915.22 2,999.45
-3%
Jun-16
38,753
14,412
11,399
2,319
223
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
Apr-16 May-16
7,716
8,181
7,716
8,181
6,223
6,324
7,797
8,154
Note: CPOᵋ p i e is et of e po t 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
Mar-16
137.49
20.40
8.76
14.72
181.37
Apr-16 May-16
79.80
98.01
19.10
13.64
4.93
6.15
11.68
5.73
115.50 123.53
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%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Kalimantan
Sumatra
48% 46% 43%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Nucleus
Plasma
For further inquiries, please contact us at [email protected]
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