Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
March 2015 issue
summary
TURNAROUND YEAR
Jakarta, 30 March 2015 – PT Sampoerna Agro Tbk and subsidiaries “a poer a Agro" or the
Co pa
released its audited financial results along with its operational statistics for full year 2014
FY14 .
Our profitability for FY14 recovered pronouncedly as revenue rose 27% to Rp3.24 trillion, from Rp2.56
trillion in the previous year. The increase was mainly attributable to higher volumes and selling prices
among key products. The rise in revenue was reflected in earnings, however, higher productivity that
more than offseted rising costs, helped pushed net profit further to Rp350.1 billion, surging 191%
relative to the previous year.
Higher productivity accomplishments highlight the year’s progress. Oil extraction rates, a measure of
crop productivity, climb from 20.7% in 2013 to 21.7% in 2014. The improvements come after a series of
field intensification initiatives taken within the past several years, along with maturing age profile of our
nucleus estates. Our nucleus estates is at a favorable stage, with an average age of nine years, meaning
productivity will be on the rise in upcoming years towards the peak age of fifteen. Hence, these
strengthening of fundamentals happening within Sampoerna Agro should set the tone for company
performance in the years to come.
As with previous years, two key products represented a major portion of the Company revenue in 2014.
Combined revenue contribution from Crude Palm Oil (CPO) and Palm Kernel (PK) reached Rp3.10 trillion,
or 95% of total revenue, and 28% higher against the previous year. The increase was attributable to
higher selling prices and sales volumes.
Selling price for CPO averaged Rp8,351 per kg in 2014, or 16% higher than 2013 average while PK was
sold at an average price of Rp4,905 per kg, or 38% higher. Sales volume for both products also rose in
2014 versus the previous year, 10% more for CPO and 1% additional for PK.
The escalating volumes were made possible due to rising Fresh Fruit Bunches (FFB) production from the
palm oil estates under management that reached 1.52 million tons, or 12% higher than 1.36 million tons
booked in 2013. CPO output escalated even further, at 19% higher, amounting to 321,416 tons in 2014,
from 271,206 tons in 2013. Furthermore, production contribution from nucleus estates, with its higher
profitability, had steadily climbed from 36% share in 2007 to reach 52% in 2014.
Closing the year 2014, Sampoerna Agro successfully added some 12,600 hectares of planted area across
its 3-crop portfolio which translated to approximately 9% rate of expansion achievement for the year.
-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 2015 issue
corporate details
o
Area statement (oil palm only) as of December 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,229 42,581
8,570
2,021
42,799 44,602
Kalimantan
nucleus
mitra
76,810 21,177
3,599
10,591 13,122
2,487
87,401 34,299
6,086
Sub-T
Sub-T
TOTAL
24,776
15,609
40,386
101,586
26,201
127,787
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 May-14
74,334 75,507
57,458 69,677
25,729 30,942
6,071
7,205
481
941
Jul-14
63,533
71,648
28,898
6,754
830
Aug-14
90,334
101,549
40,946
9,561
499
Sep-14
68,307
83,109
33,683
8,455
760
Oct-14
63,349
73,285
30,380
7,823
216
Nov-14
61,499
56,192
24,970
6,606
907
Dec-14
55,307
37,338
20,494
4,818
793
YTD 14
785,357
732,034
321,416
77,432
7,873
YTD 13
645,964
710,425
271,206
70,848
9,179
∆
+22%
+3%
+19%
+9%
-14%
Jun-14
8,599
8,599
5,708
7,261
Jul-14
8,557
8,510
5,422
8,003
Aug-14
8,116
8,116
4,370
7,322
Sep-14
7,774
7,774
3,626
8,577
Oct-14
7,797
7,797
4,046
7,910
Nov-14
7,843
7,843
4,181
8,473
Dec-14
7,813
7,813
4,256
8,962
YTD 14
8,346
8,342
4,895
7,898
YTD 13
7,220
7,145
3,563
7,337
∆
+16%
+17%
+37%
+8%
Jun-14
309.01
42.37
4.84
2.91
359.13
Jul-14
270.75
42.30
2.40
4.69
320.14
Aug-14
299.90
36.76
4.60
3.12
344.38
Sep-14
315.17
37.15
2.58
7.66
362.56
Oct-14
223.27
31.48
3.97
7.15
265.88
Nov-14
209.15
22.54
4.92
1.97
238.58
Dec-14 YTD 14
YTD 13
219.27 2,719.07 2,139.24
26.57
374.73
271.12
6.92
49.63
53.38
2.29
98.95
96.96
255.04 3,242.38 2,560.71
∆
+27%
+38%
-7%
+2%
+27%
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 May-14
9,047
8,779
9,047
8,779
6,159
5,814
7,476
7,326
Note: CPOᵋ price 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 May-14
140.71 197.13
37.61
36.74
4.17
2.58
23.92
4.20
206.40 240.65
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB output (Kalimantan vs Sumatra)
100%
89%
88%
84%
85%
83%
80%
75%
72%
50%
11%
12%
16%
15%
17%
20%
25%
28%
0%
2007
2008
2009
2010
2011
Kalimantan
Sumatra
2012
2013
2014
FFB output (Nucleus vs Plasma)
100%
64%
62%
60%
57%
58%
58%
52%
48%
36%
38%
40%
43%
42%
42%
48%
52%
2007
2008
2009
2011
2012
2013
2014
50%
0%
2010
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
March 2015 issue
summary
TURNAROUND YEAR
Jakarta, 30 March 2015 – PT Sampoerna Agro Tbk and subsidiaries “a poer a Agro" or the
Co pa
released its audited financial results along with its operational statistics for full year 2014
FY14 .
Our profitability for FY14 recovered pronouncedly as revenue rose 27% to Rp3.24 trillion, from Rp2.56
trillion in the previous year. The increase was mainly attributable to higher volumes and selling prices
among key products. The rise in revenue was reflected in earnings, however, higher productivity that
more than offseted rising costs, helped pushed net profit further to Rp350.1 billion, surging 191%
relative to the previous year.
Higher productivity accomplishments highlight the year’s progress. Oil extraction rates, a measure of
crop productivity, climb from 20.7% in 2013 to 21.7% in 2014. The improvements come after a series of
field intensification initiatives taken within the past several years, along with maturing age profile of our
nucleus estates. Our nucleus estates is at a favorable stage, with an average age of nine years, meaning
productivity will be on the rise in upcoming years towards the peak age of fifteen. Hence, these
strengthening of fundamentals happening within Sampoerna Agro should set the tone for company
performance in the years to come.
As with previous years, two key products represented a major portion of the Company revenue in 2014.
Combined revenue contribution from Crude Palm Oil (CPO) and Palm Kernel (PK) reached Rp3.10 trillion,
or 95% of total revenue, and 28% higher against the previous year. The increase was attributable to
higher selling prices and sales volumes.
Selling price for CPO averaged Rp8,351 per kg in 2014, or 16% higher than 2013 average while PK was
sold at an average price of Rp4,905 per kg, or 38% higher. Sales volume for both products also rose in
2014 versus the previous year, 10% more for CPO and 1% additional for PK.
The escalating volumes were made possible due to rising Fresh Fruit Bunches (FFB) production from the
palm oil estates under management that reached 1.52 million tons, or 12% higher than 1.36 million tons
booked in 2013. CPO output escalated even further, at 19% higher, amounting to 321,416 tons in 2014,
from 271,206 tons in 2013. Furthermore, production contribution from nucleus estates, with its higher
profitability, had steadily climbed from 36% share in 2007 to reach 52% in 2014.
Closing the year 2014, Sampoerna Agro successfully added some 12,600 hectares of planted area across
its 3-crop portfolio which translated to approximately 9% rate of expansion achievement for the year.
-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 2015 issue
corporate details
o
Area statement (oil palm only) as of December 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,229 42,581
8,570
2,021
42,799 44,602
Kalimantan
nucleus
mitra
76,810 21,177
3,599
10,591 13,122
2,487
87,401 34,299
6,086
Sub-T
Sub-T
TOTAL
24,776
15,609
40,386
101,586
26,201
127,787
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 May-14
74,334 75,507
57,458 69,677
25,729 30,942
6,071
7,205
481
941
Jul-14
63,533
71,648
28,898
6,754
830
Aug-14
90,334
101,549
40,946
9,561
499
Sep-14
68,307
83,109
33,683
8,455
760
Oct-14
63,349
73,285
30,380
7,823
216
Nov-14
61,499
56,192
24,970
6,606
907
Dec-14
55,307
37,338
20,494
4,818
793
YTD 14
785,357
732,034
321,416
77,432
7,873
YTD 13
645,964
710,425
271,206
70,848
9,179
∆
+22%
+3%
+19%
+9%
-14%
Jun-14
8,599
8,599
5,708
7,261
Jul-14
8,557
8,510
5,422
8,003
Aug-14
8,116
8,116
4,370
7,322
Sep-14
7,774
7,774
3,626
8,577
Oct-14
7,797
7,797
4,046
7,910
Nov-14
7,843
7,843
4,181
8,473
Dec-14
7,813
7,813
4,256
8,962
YTD 14
8,346
8,342
4,895
7,898
YTD 13
7,220
7,145
3,563
7,337
∆
+16%
+17%
+37%
+8%
Jun-14
309.01
42.37
4.84
2.91
359.13
Jul-14
270.75
42.30
2.40
4.69
320.14
Aug-14
299.90
36.76
4.60
3.12
344.38
Sep-14
315.17
37.15
2.58
7.66
362.56
Oct-14
223.27
31.48
3.97
7.15
265.88
Nov-14
209.15
22.54
4.92
1.97
238.58
Dec-14 YTD 14
YTD 13
219.27 2,719.07 2,139.24
26.57
374.73
271.12
6.92
49.63
53.38
2.29
98.95
96.96
255.04 3,242.38 2,560.71
∆
+27%
+38%
-7%
+2%
+27%
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 May-14
9,047
8,779
9,047
8,779
6,159
5,814
7,476
7,326
Note: CPOᵋ price 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 May-14
140.71 197.13
37.61
36.74
4.17
2.58
23.92
4.20
206.40 240.65
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB output (Kalimantan vs Sumatra)
100%
89%
88%
84%
85%
83%
80%
75%
72%
50%
11%
12%
16%
15%
17%
20%
25%
28%
0%
2007
2008
2009
2010
2011
Kalimantan
Sumatra
2012
2013
2014
FFB output (Nucleus vs Plasma)
100%
64%
62%
60%
57%
58%
58%
52%
48%
36%
38%
40%
43%
42%
42%
48%
52%
2007
2008
2009
2011
2012
2013
2014
50%
0%
2010
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