Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
July 2017 issue
summary
POST LA NINA RAINS
Jakarta, 28 July 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 30 June 2017 6M17 .
It has been more than half a year since NOAA called for La Nina weather condition in the fourth quarter
of last year 4Q16 . Yet as of July, post La Nina rains continues to persist over parts of Sumatra and
Kalimantan where most of the Company oil palm estates are located. Fortunately, rainfall intensity in
both regions have subsided by approximately 30% from its peak in 4Q16.
In palm oil terms, rains are usually associated with two phenomenon; oil extraction rates occuring at the
palm oil mills which tend to decline in the immediate period, but it is typically followed by higher FFB
yield from the oil palm estates which ultimately results in more palm oil output.
So even though oil extraction rates generated by the Company in 6M17 retreated to 21.7%, or 0.4%
lower year-on-year, Sampoerna Agro still managed to produce 38% more volume as CPO output reached
136,707 tons for the period. Sumatra estates led the volume growth as oil palm estates in the region on
average produced 55% more volume versus 6M16 and reached 89,824 tons. Kalimantan region was also
able to book a respectable 15% growth in 6M17 and produced 46,883 tons of CPO.
Aside from the robust operational performance, bullish palm oil market condition in 6M17 also helped
the Company to generate strong financial performance. Consolidated revenue was recorded at
Rp1,612.29 billion, or 50% higher than 6M16 figure. The revenue increase was mainly attributable to
higher contribution from CPO which climbed 41% to reach Rp1,221.04 billion. The rise was due to 24%
higher selling price, which averaged Rp8,555 per kg, and 14% more sales volume.
Revenue contribution from Palm Kernel in 6M17 also continued to outshine CPO in terms of year-onyear performance. Palm Kernel contributed Rp240.97 billion in 6M17, or 101% higher than 6M16 due to
51% higher selling price, which averaged Rp8,028 per kg, and 33% more sales volume.
Consequently, Sampoerna Agro recorded Rp174.15 billion of earnings for the period, versus a net loss of
Rp84.22 billion in 6M16.
-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 2017 issue
corporate details
o
Area statement as of June 2017:
Oil Palm
Nucleus Plasma
66,036 49,789
15,263
5,161
81,299 54,950
matured
immature
total
o
Other crops
Sago
Rubber Others
1,403
183
11,378 16,499
845
12,781 16,682
845
Sub-T
115,825
20,423
136,249
TOTAL
117,411
49,145
166,556
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
Apr-17 May-17
57,801 66,339
23,831 26,968
16,757 19,396
3,450
3,710
696
657
Jun-17
54,844
25,032
16,686
3,355
367
YTD 17
384,969
268,328
136,707
30,313
4,460
YTD 16
297,209
156,468
98,728
20,896
5,671
∆
+30%
+71%
+38%
+45%
-21%
YTD 17
8,555
8,555
8,028
8,255
YTD 16
6,914
6,914
5,332
7,930
∆
+24%
+24%
+51%
+4%
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
Apr-17 May-17
8,496
8,417
8,496
8,417
5,429
6,244
8,137
8,728
Jun-17
7,726
7,726
7,027
8,438
Mar-17
193.38
40.77
4.65
11.92
250.72
Apr-17 May-17
112.19 153.23
12.97
26.55
4.00
3.17
16.80
11.00
145.96 193.95
Jun-17 YTD 17
YTD 16
∆
197.68 1,221.04
865.98 +41%
18.43
240.97
120.02 +101%
1.89
22.79
40.89 -44%
25.38
127.49
48.73 +162%
243.38 1,612.29 1,075.62 +50%
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% 64%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32% 36%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
Kalimantan
Sumatra
48% 46% 43% 41%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57% 59%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
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 2017 issue
summary
POST LA NINA RAINS
Jakarta, 28 July 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 30 June 2017 6M17 .
It has been more than half a year since NOAA called for La Nina weather condition in the fourth quarter
of last year 4Q16 . Yet as of July, post La Nina rains continues to persist over parts of Sumatra and
Kalimantan where most of the Company oil palm estates are located. Fortunately, rainfall intensity in
both regions have subsided by approximately 30% from its peak in 4Q16.
In palm oil terms, rains are usually associated with two phenomenon; oil extraction rates occuring at the
palm oil mills which tend to decline in the immediate period, but it is typically followed by higher FFB
yield from the oil palm estates which ultimately results in more palm oil output.
So even though oil extraction rates generated by the Company in 6M17 retreated to 21.7%, or 0.4%
lower year-on-year, Sampoerna Agro still managed to produce 38% more volume as CPO output reached
136,707 tons for the period. Sumatra estates led the volume growth as oil palm estates in the region on
average produced 55% more volume versus 6M16 and reached 89,824 tons. Kalimantan region was also
able to book a respectable 15% growth in 6M17 and produced 46,883 tons of CPO.
Aside from the robust operational performance, bullish palm oil market condition in 6M17 also helped
the Company to generate strong financial performance. Consolidated revenue was recorded at
Rp1,612.29 billion, or 50% higher than 6M16 figure. The revenue increase was mainly attributable to
higher contribution from CPO which climbed 41% to reach Rp1,221.04 billion. The rise was due to 24%
higher selling price, which averaged Rp8,555 per kg, and 14% more sales volume.
Revenue contribution from Palm Kernel in 6M17 also continued to outshine CPO in terms of year-onyear performance. Palm Kernel contributed Rp240.97 billion in 6M17, or 101% higher than 6M16 due to
51% higher selling price, which averaged Rp8,028 per kg, and 33% more sales volume.
Consequently, Sampoerna Agro recorded Rp174.15 billion of earnings for the period, versus a net loss of
Rp84.22 billion in 6M16.
-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 2017 issue
corporate details
o
Area statement as of June 2017:
Oil Palm
Nucleus Plasma
66,036 49,789
15,263
5,161
81,299 54,950
matured
immature
total
o
Other crops
Sago
Rubber Others
1,403
183
11,378 16,499
845
12,781 16,682
845
Sub-T
115,825
20,423
136,249
TOTAL
117,411
49,145
166,556
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
Apr-17 May-17
57,801 66,339
23,831 26,968
16,757 19,396
3,450
3,710
696
657
Jun-17
54,844
25,032
16,686
3,355
367
YTD 17
384,969
268,328
136,707
30,313
4,460
YTD 16
297,209
156,468
98,728
20,896
5,671
∆
+30%
+71%
+38%
+45%
-21%
YTD 17
8,555
8,555
8,028
8,255
YTD 16
6,914
6,914
5,332
7,930
∆
+24%
+24%
+51%
+4%
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
Apr-17 May-17
8,496
8,417
8,496
8,417
5,429
6,244
8,137
8,728
Jun-17
7,726
7,726
7,027
8,438
Mar-17
193.38
40.77
4.65
11.92
250.72
Apr-17 May-17
112.19 153.23
12.97
26.55
4.00
3.17
16.80
11.00
145.96 193.95
Jun-17 YTD 17
YTD 16
∆
197.68 1,221.04
865.98 +41%
18.43
240.97
120.02 +101%
1.89
22.79
40.89 -44%
25.38
127.49
48.73 +162%
243.38 1,612.29 1,075.62 +50%
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% 64%
89% 88% 84% 85% 83% 80%
0%
25% 28% 26% 32% 36%
11% 12% 16% 15% 17% 20%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
Kalimantan
Sumatra
48% 46% 43% 41%
64% 62% 60% 57% 58% 58% 52%
50%
52% 54% 57% 59%
36% 38% 40% 43% 42% 42% 48%
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
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