Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
July 2015 issue
summary
BRIGHTER OUTLOOK
Jakarta, 30 July 2015 – PT Sampoerna Agro Tbk. a d su sidia ies “a poe a Ag o" o the
Co pa
released its unaudited financial and operational results for the period ending in 30 June
2015 M
.
The Company booked a total of Rp1,316.81 billion in revenue within 6M15, or 10% lower than same
period last year. Primary reason for the fall in revenue is due to lower sales contribution from CPO
that made up 83% of total revenue. Sales contribution from CPO in 6M15 declined 8% versus 6M14.
Even though sales volume within the period managed to rise 5%, it was not enough to offset falling
selling price that declined 13% to average Rp7,755 per kg in 6M15, from Rp8,865 in 6M14.
The biggest increase in revenue contribution this year came from the sale of DxP Sriwijaya seeds
which escalated 63% over 6M14 figure, or having contributed Rp39.42 billion. The increase was
attributable to 6% higher selling price, compounded with 53% more sales volume.
FFB harvest ithi the se o d ua te of
Q
as e e ou agi g, ea hi g
,305
to s, o
% highe tha the fi st ua te
Q
. “u at a estates o t i uted the iggest
growth for the period that saw 104% growth over 1Q15 output while Kalimantan estates booked a
decent 29% quarter-on-quarter growth over the same time frame. Management anticipated the
strong production to continue well into the second half of the year as well.
For the six months ending in June 2015, Sampoerna Agro production reached 726,690 tons of FFB,
or 5% higher than the same period last year. Nucleus estates which booked 12% growth, was the
sole contributor to the year-on-year growth because FFB production from external parties within
6M15 actually dropped 4% versus same period last year, though notably their contribution began to
recover pronouncedly in 2Q15.
CPO production climbed even higher. The Company produced 157,021 tons of palm oil within
6M15, or 11% higher than the same period last year. Oil extraction rates managed to climb from
21.5% in 6M14 to 21.8% in 6M15.
Company expansions also managed to be accelerated within the second quarter 2015, to total
about 6,200 hectares of combined new plantings for the year. The expansion figure include our
mainstay crop and few others such as rubber and sago.
-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 2015 issue
corporate details
o
Area statement (oil palm only) as of June 2015:
Sumatra
nucleus plasma
36,651 42,809
6,394
2,004
43,045 44,813
mature
immature
total
o
Kalimantan
nucleus
mitra
79,460 23,287
3,859
8,398 12,980
3,061
87,858 36,267
6,920
Sub-T
Sub-T
TOTAL
27,146
16,042
43,187
106,605
24,440
131,045
Production of key products:
in tons
FFB - nucleus
FFB - external
FFB processed
CPO
P.Kernel
G.Seeds (1000s)
Jan-15
52,194
30,055
80,609
18,056
3,775
1,253
Feb-15
50,001
26,781
75,972
17,304
3,703
1,907
Mar-15
69,813
36,540
104,858
22,928
5,737
1,497
Apr-15
76,175
46,992
122,770
26,668
6,666
1,298
May-15
83,585
65,293
147,157
32,347
7,195
758
Jun-15
98,351
90,910
189,410
39,718
9,245
725
YTD 15
430,118
296,571
720,775
157,021
36,322
7,437
YTD 14
383,029
308,913
660,222
142,045
33,416
3,867
∆
+12%
-4%
+9%
+11%
+9%
+92%
YTD 15
7,755
4,925
8,029
YTD 14
8,865
5,799
7,574
∆
-13%
-15%
+6%
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o
Average selling price of key products:
in Rp/kg
Jan-15
CPOᵋ
7,714
P.Kernel
4,491
G.Seeds (Rp/unit) 8,102
Feb-15
7,937
4,868
7,800
Mar-15
8,096
5,141
8,035
Apr-15
7,862
5,573
7,724
May-15
7,498
4,872
7,972
Apr-15
192.71
34.15
8.34
4.19
239.39
May-15
167.30
36.22
4.92
3.36
211.80
Jun-15
7,617
4,599
9,195
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-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
Jun-15
YTD 15
YTD 14
291.77 1,087.57 1,181.56
39.40
167.15
177.94
4.20
39.42
24.24
3.38
22.66
72.06
338.75 1,316.81 1,455.81
∆
-8%
-6%
+63%
-69%
-10%
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%
0%
89%
11%
88%
84%
85%
83%
80%
75%
12%
16%
15%
17%
20%
25%
72%
66%
62%
60%
57%
58%
58%
52%
48%
41%
64%
38%
40%
43%
42%
42%
48%
52%
59%
36%
50%
28%
34%
2007 2008 2009 2010 2011 2012 2013 2014 1H15
Kalimantan
Sumatra
0%
2007 2008 2009 2010 2011 2012 2013 2014 1H15
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
July 2015 issue
summary
BRIGHTER OUTLOOK
Jakarta, 30 July 2015 – PT Sampoerna Agro Tbk. a d su sidia ies “a poe a Ag o" o the
Co pa
released its unaudited financial and operational results for the period ending in 30 June
2015 M
.
The Company booked a total of Rp1,316.81 billion in revenue within 6M15, or 10% lower than same
period last year. Primary reason for the fall in revenue is due to lower sales contribution from CPO
that made up 83% of total revenue. Sales contribution from CPO in 6M15 declined 8% versus 6M14.
Even though sales volume within the period managed to rise 5%, it was not enough to offset falling
selling price that declined 13% to average Rp7,755 per kg in 6M15, from Rp8,865 in 6M14.
The biggest increase in revenue contribution this year came from the sale of DxP Sriwijaya seeds
which escalated 63% over 6M14 figure, or having contributed Rp39.42 billion. The increase was
attributable to 6% higher selling price, compounded with 53% more sales volume.
FFB harvest ithi the se o d ua te of
Q
as e e ou agi g, ea hi g
,305
to s, o
% highe tha the fi st ua te
Q
. “u at a estates o t i uted the iggest
growth for the period that saw 104% growth over 1Q15 output while Kalimantan estates booked a
decent 29% quarter-on-quarter growth over the same time frame. Management anticipated the
strong production to continue well into the second half of the year as well.
For the six months ending in June 2015, Sampoerna Agro production reached 726,690 tons of FFB,
or 5% higher than the same period last year. Nucleus estates which booked 12% growth, was the
sole contributor to the year-on-year growth because FFB production from external parties within
6M15 actually dropped 4% versus same period last year, though notably their contribution began to
recover pronouncedly in 2Q15.
CPO production climbed even higher. The Company produced 157,021 tons of palm oil within
6M15, or 11% higher than the same period last year. Oil extraction rates managed to climb from
21.5% in 6M14 to 21.8% in 6M15.
Company expansions also managed to be accelerated within the second quarter 2015, to total
about 6,200 hectares of combined new plantings for the year. The expansion figure include our
mainstay crop and few others such as rubber and sago.
-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 2015 issue
corporate details
o
Area statement (oil palm only) as of June 2015:
Sumatra
nucleus plasma
36,651 42,809
6,394
2,004
43,045 44,813
mature
immature
total
o
Kalimantan
nucleus
mitra
79,460 23,287
3,859
8,398 12,980
3,061
87,858 36,267
6,920
Sub-T
Sub-T
TOTAL
27,146
16,042
43,187
106,605
24,440
131,045
Production of key products:
in tons
FFB - nucleus
FFB - external
FFB processed
CPO
P.Kernel
G.Seeds (1000s)
Jan-15
52,194
30,055
80,609
18,056
3,775
1,253
Feb-15
50,001
26,781
75,972
17,304
3,703
1,907
Mar-15
69,813
36,540
104,858
22,928
5,737
1,497
Apr-15
76,175
46,992
122,770
26,668
6,666
1,298
May-15
83,585
65,293
147,157
32,347
7,195
758
Jun-15
98,351
90,910
189,410
39,718
9,245
725
YTD 15
430,118
296,571
720,775
157,021
36,322
7,437
YTD 14
383,029
308,913
660,222
142,045
33,416
3,867
∆
+12%
-4%
+9%
+11%
+9%
+92%
YTD 15
7,755
4,925
8,029
YTD 14
8,865
5,799
7,574
∆
-13%
-15%
+6%
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o
Average selling price of key products:
in Rp/kg
Jan-15
CPOᵋ
7,714
P.Kernel
4,491
G.Seeds (Rp/unit) 8,102
Feb-15
7,937
4,868
7,800
Mar-15
8,096
5,141
8,035
Apr-15
7,862
5,573
7,724
May-15
7,498
4,872
7,972
Apr-15
192.71
34.15
8.34
4.19
239.39
May-15
167.30
36.22
4.92
3.36
211.80
Jun-15
7,617
4,599
9,195
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-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
Jun-15
YTD 15
YTD 14
291.77 1,087.57 1,181.56
39.40
167.15
177.94
4.20
39.42
24.24
3.38
22.66
72.06
338.75 1,316.81 1,455.81
∆
-8%
-6%
+63%
-69%
-10%
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%
0%
89%
11%
88%
84%
85%
83%
80%
75%
12%
16%
15%
17%
20%
25%
72%
66%
62%
60%
57%
58%
58%
52%
48%
41%
64%
38%
40%
43%
42%
42%
48%
52%
59%
36%
50%
28%
34%
2007 2008 2009 2010 2011 2012 2013 2014 1H15
Kalimantan
Sumatra
0%
2007 2008 2009 2010 2011 2012 2013 2014 1H15
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