Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
July 2014 issue
summary
VOLUME RECOVERY
Jakarta, 23 July 2014 – PT Sampoerna Agro Tbk and subsidiaries “a poer a Agro" or the Co pa
released its unaudited financial and operational results for the six months ending in 30 June 2014
6M14 .
Production volume in recent months has improved significantly. As a result, FFB output for the Company
within 6M14 reached 691,942 tons, or 37% higher than same period last year. The achievement was
primarily attributable to South Sumatra estates that produced 460,837 tons of FFB in 6M14, or 31%
higher than same period last year. By way of information, the region still booked 31% year-on-year drop
in output as of first quarter of 2014 but FFB harvest recovered pronouncedly in subsequent months
reaching 307,656 tons in 2Q14, or 101% higher than 1Q14 figure.
Meanwhile, Oil palms from Kalimantan estates continued to yield sizable harvest well into the 2Q14 that
saw its production rise further by 6% versus the already high 1Q14 figure. Within 6M14, Kalimantan
estates produced 231,104 tons of FFB, or 51% higher than 6M13.
Another commendable accomplishment was in the form of better extraction rates while processing the
fruits at the mills. This led to an even higher growth rate in CPO output which managed to climb 43% to
142,045 tons in 6M14 versus 99,459 tons in 6M13.
Nonetheless, global CPO trading price in Malaysian markets has been visibly trending down throughout
2Q14 to average Rm2,576 per ton between April till June 2014, or 4% lower than 1Q14. However, CPO
still managed to trade 13% higher in year to date June 2014 with average trading price amounting to
Rm2,633 per ton, versus Rm2,325 per ton in 6M13.
Within the first six months of 2014, Sampoerna Agro was able to book Rp1,455.81 billion in revenue, or
44% higher than the same period last year. The increase was largely attributable to higher selling prices
a ross the Co pa ’s ai sta produ ts. For i sta e, CPO hi h o tri uted 1% of total re e ue,
was sold at an average price of Rp8,865 per kg in 6M14, or 38% higher than 6M13. Average selling price
of PK soared e e higher, rea hi g Rp5,
per kg, or % a o e last ear’s figure. Duri g the sa e
period, PK contributed 12% to total revenue.
-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
July 2014 issue
corporate details
o
Area statement (oil palm only) as of June 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,561
42,581
7,139
1,656
41,700
44,237
Sub-T
77,142
8,795
85,937
Kalimantan
nucleus
mitra
21,177
3,599
9,754
1,962
30,931
5,562
Sub-T
TOTAL
24,776
11,717
36,493
101,918
20,512
122,430
Production of several key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-14
54,534
39,836
17,726
4,515
660
Feb-14
47,433
27,647
16,346
3,923
921
Mar-14
61,709
34,199
19,177
4,299
566
Apr-14
74,334
57,458
25,729
6,071
481
May-14
75,507
69,677
30,942
7,205
941
YTD 14
383,029
308,913
142,045
33,416
3,867
Jan-13
63,772
74,734
27,324
6,143
1,128
Feb-13
41,782
49,697
17,361
4,468
952
Mar-13
39,899
35,586
14,223
4,346
763
Apr-13 May-13
38,783 35,873
38,938 33,182
15,819 14,144
4,358
3,899
1,038
607
Jun-13
29,538
22,151
10,588
3,592
1,044
YTD 13
249,647
254,288
99,459
26,806
5,532
∆
+53%
+21%
+43%
+25%
-30%
YTD 14
8,865
8,865
5,799
7,574
Jan-13
6,017
5,982
2,714
7,131
Feb-13
6,251
6,163
2,838
7,333
Mar-13
6,128
6,128
3,082
7,428
Apr-13 May-13
6,630
6,639
6,521
6,558
2,906
3,027
7,075
6,816
Jun-13
7,091
6,928
3,131
6,991
YTD 13
6,401
6,324
2,923
7,119
∆
+38%
+40%
+98%
+6%
Jun-14
YTD 14
309.01 1,181.56
42.37
177.94
4.84
24.24
2.91
72.06
359.13 1,455.81
Jan-13
180.95
18.43
8.04
15.34
222.77
Feb-13
184.04
16.48
5.83
13.87
220.24
Mar-13
108.58
15.43
2.96
15.57
142.55
Apr-13 May-13
145.33
82.80
15.70
13.21
4.33
3.98
3.99
1.80
169.34 101.79
Jun-13
YTD 13
132.61
834.31
11.46
90.72
5.59
30.73
4.61
55.20
154.27 1,010.97
∆
+42%
+96%
-21%
+31%
+44%
Jun-14
69,512
80,097
32,125
7,405
299
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o
Average selling price of several key products:
in Rp/kg
Jan-14
CPO
8,578
CPOᵋ
8,578
P.Kernel
5,444
G.Seeds (Rp/unit) 8,000
Feb-14
8,898
8,898
5,639
7,853
Mar-14
9,319
9,319
5,908
7,529
Apr-14
9,047
9,047
6,159
7,476
May-14
8,779
8,779
5,814
7,326
Jun-14
8,599
8,599
5,708
7,261
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-14
110.43
24.16
5.05
18.96
158.60
Feb-14
185.38
15.41
3.07
6.32
210.18
Mar-14
238.91
21.66
4.54
15.74
280.85
Apr-14
140.71
37.61
4.17
23.92
206.40
May-14
197.13
36.74
2.58
4.20
240.65
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB Production - YTD 2014
FFB Production - YTD 2013
Kalimantan
30%
Kalimantan
33%
Sumatra
67%
Sumatra
70%
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
July 2014 issue
summary
VOLUME RECOVERY
Jakarta, 23 July 2014 – PT Sampoerna Agro Tbk and subsidiaries “a poer a Agro" or the Co pa
released its unaudited financial and operational results for the six months ending in 30 June 2014
6M14 .
Production volume in recent months has improved significantly. As a result, FFB output for the Company
within 6M14 reached 691,942 tons, or 37% higher than same period last year. The achievement was
primarily attributable to South Sumatra estates that produced 460,837 tons of FFB in 6M14, or 31%
higher than same period last year. By way of information, the region still booked 31% year-on-year drop
in output as of first quarter of 2014 but FFB harvest recovered pronouncedly in subsequent months
reaching 307,656 tons in 2Q14, or 101% higher than 1Q14 figure.
Meanwhile, Oil palms from Kalimantan estates continued to yield sizable harvest well into the 2Q14 that
saw its production rise further by 6% versus the already high 1Q14 figure. Within 6M14, Kalimantan
estates produced 231,104 tons of FFB, or 51% higher than 6M13.
Another commendable accomplishment was in the form of better extraction rates while processing the
fruits at the mills. This led to an even higher growth rate in CPO output which managed to climb 43% to
142,045 tons in 6M14 versus 99,459 tons in 6M13.
Nonetheless, global CPO trading price in Malaysian markets has been visibly trending down throughout
2Q14 to average Rm2,576 per ton between April till June 2014, or 4% lower than 1Q14. However, CPO
still managed to trade 13% higher in year to date June 2014 with average trading price amounting to
Rm2,633 per ton, versus Rm2,325 per ton in 6M13.
Within the first six months of 2014, Sampoerna Agro was able to book Rp1,455.81 billion in revenue, or
44% higher than the same period last year. The increase was largely attributable to higher selling prices
a ross the Co pa ’s ai sta produ ts. For i sta e, CPO hi h o tri uted 1% of total re e ue,
was sold at an average price of Rp8,865 per kg in 6M14, or 38% higher than 6M13. Average selling price
of PK soared e e higher, rea hi g Rp5,
per kg, or % a o e last ear’s figure. Duri g the sa e
period, PK contributed 12% to total revenue.
-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
July 2014 issue
corporate details
o
Area statement (oil palm only) as of June 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,561
42,581
7,139
1,656
41,700
44,237
Sub-T
77,142
8,795
85,937
Kalimantan
nucleus
mitra
21,177
3,599
9,754
1,962
30,931
5,562
Sub-T
TOTAL
24,776
11,717
36,493
101,918
20,512
122,430
Production of several key products:
in tons
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds (1000s)
Jan-14
54,534
39,836
17,726
4,515
660
Feb-14
47,433
27,647
16,346
3,923
921
Mar-14
61,709
34,199
19,177
4,299
566
Apr-14
74,334
57,458
25,729
6,071
481
May-14
75,507
69,677
30,942
7,205
941
YTD 14
383,029
308,913
142,045
33,416
3,867
Jan-13
63,772
74,734
27,324
6,143
1,128
Feb-13
41,782
49,697
17,361
4,468
952
Mar-13
39,899
35,586
14,223
4,346
763
Apr-13 May-13
38,783 35,873
38,938 33,182
15,819 14,144
4,358
3,899
1,038
607
Jun-13
29,538
22,151
10,588
3,592
1,044
YTD 13
249,647
254,288
99,459
26,806
5,532
∆
+53%
+21%
+43%
+25%
-30%
YTD 14
8,865
8,865
5,799
7,574
Jan-13
6,017
5,982
2,714
7,131
Feb-13
6,251
6,163
2,838
7,333
Mar-13
6,128
6,128
3,082
7,428
Apr-13 May-13
6,630
6,639
6,521
6,558
2,906
3,027
7,075
6,816
Jun-13
7,091
6,928
3,131
6,991
YTD 13
6,401
6,324
2,923
7,119
∆
+38%
+40%
+98%
+6%
Jun-14
YTD 14
309.01 1,181.56
42.37
177.94
4.84
24.24
2.91
72.06
359.13 1,455.81
Jan-13
180.95
18.43
8.04
15.34
222.77
Feb-13
184.04
16.48
5.83
13.87
220.24
Mar-13
108.58
15.43
2.96
15.57
142.55
Apr-13 May-13
145.33
82.80
15.70
13.21
4.33
3.98
3.99
1.80
169.34 101.79
Jun-13
YTD 13
132.61
834.31
11.46
90.72
5.59
30.73
4.61
55.20
154.27 1,010.97
∆
+42%
+96%
-21%
+31%
+44%
Jun-14
69,512
80,097
32,125
7,405
299
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o
Average selling price of several key products:
in Rp/kg
Jan-14
CPO
8,578
CPOᵋ
8,578
P.Kernel
5,444
G.Seeds (Rp/unit) 8,000
Feb-14
8,898
8,898
5,639
7,853
Mar-14
9,319
9,319
5,908
7,529
Apr-14
9,047
9,047
6,159
7,476
May-14
8,779
8,779
5,814
7,326
Jun-14
8,599
8,599
5,708
7,261
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-14
110.43
24.16
5.05
18.96
158.60
Feb-14
185.38
15.41
3.07
6.32
210.18
Mar-14
238.91
21.66
4.54
15.74
280.85
Apr-14
140.71
37.61
4.17
23.92
206.40
May-14
197.13
36.74
2.58
4.20
240.65
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB Production - YTD 2014
FFB Production - YTD 2013
Kalimantan
30%
Kalimantan
33%
Sumatra
67%
Sumatra
70%
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