Sampoerna Agro Tbk.
PT SAMPOERNA AGRO Tbk
COMPANY NEWSLETTER
April 2014 issue
summary
IN TIMES OF HIGHER PRICES
Jakarta, 30 April 2014 – PT Sampoerna Agro Tbk and subsidiaries “a poe a Ag o" o the Co pa
released its financial and operational results for the period ending in 31 March 2014 1Q14 .
Global CPO commodity price traded in Malaysian markets, when measured in terms of quarterly
average, has been strengthening steadily since the final quarter of 2012. In fact, the rate of increase has
accelerated within the past two quarters to reach close to Rm2,700 per ton by 1Q14. This is 7% higher
tha a e age p ice i fou th ua te of
Q
o 6% highe versus first quarter of 2013
Q
. Management has an optimistic view that CPO market prices should sustain at about 15%
p e iu e sus last ea ’s pe fo a ce.
Within 1Q14, Sampoerna Agro sold its CPO at an average price of Rp9,011 per kg, which meant 10% rise
versus 4Q13 average or a robust 47% increase against 1Q13. As a result, revenue contribution from CPO
in 1Q14 climbed 13% versus 1Q13 to reach Rp534.72 billion despite 23% lesser volume sold this year.
CPO contributed 82% to total consolidated revenue for the Company that amounted to Rp649.63 billion
in 1Q14, a rise of 13% against 1Q13 figure.
FFB harvest from the Company nucleus estates managed to book 13% rise in 1Q14 to reach 163,676
tons. However, total CPO output within the same period retreated 10% primarily due to lower
contribution from external production which declined 36% year on year. Production growth booked
during 1Q14 was wholly attributable to estates in the Kalimantan region that saw 35% increase while on
the other hand, Sumatra region booked 31% lower volumes.
Notably though, production trend in 2014 have started to pick up in the month of March, unlike 2013
when it only picked up in July, or more visibly, in August. Therefore, management remained upbeat on
this ea ’s olu e g o th especiall co side i g that weather pattern in 2013 was mostly pleasant.
Following the receipt of International Sustainability & Carbon Certification (ISCC) certificates for couple
of company subsidiaries late last year, Sampoerna Agro managed to engage in selling ISCC certified palm
oil with premium pricing this year. The Company, through several of its subsidiaries, was also awarded
the Indonesian Sustainable Palm Oil (ISPO) certification in February 2014.
-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
April 2014 issue
corporate details
o
Area statement (oil palm only) as of March 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,561
42,583
6,689
1,606
41,251
44,189
Sub-T
77,144
8,296
85,440
Kalimantan
nucleus
mitra
21,177
3,599
8,995
1,781
30,172
5,380
Sub-T
TOTAL
24,776
10,776
35,552
101,921
19,071
120,992
Production of several key products:
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds
Unit
ton
ton
ton
ton
1000
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
YTD 14
163,676
101,681
53,249
12,736
2,146
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
YTD 13
Change
145,453 +13%
160,018
-36%
58,908
-10%
14,956
-15%
2,842
-24%
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:
Unit
Rp/kg
Rp/kg
Rp/kg
Rp/seed
CPO
CPOᵋ
P.Kernel
G.Seeds
Jan-14
8,578
8,578
5,444
8,102
Feb-14
8,898
8,898
5,639
7,894
Mar-14
9,319
9,319
5,908
7,529
YTD 14
9,011
9,011
5,650
7,838
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
YTD 13
Change
6,131 +47%
6,084 +48%
2,860 +98%
7,251
+8%
Mar-14
238.91
21.66
4.54
15.74
280.85
YTD 14
534.72
61.23
12.65
41.03
649.63
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
YTD 13
Change
473.57 +13%
50.35 +22%
16.84
-25%
44.79
-8%
585.56 +11%
Note: CPOᵋ p ice is et of e po t ta
o
Revenue breakdown by key products:
CPO
P.Kernel
G.Seeds
Others
Total Sales
Unit
Rp bn
Rp bn
Rp bn
Rp bn
Rp bn
Jan-14
110.43
24.16
5.05
18.96
158.60
Feb-14
185.38
15.41
3.07
6.32
210.18
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB Production - YTD 2014
Kalimantan
42%
Sumatra
58%
FFB Production - YTD 2013
Kalimantan
27%
Sumatra
73%
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
April 2014 issue
summary
IN TIMES OF HIGHER PRICES
Jakarta, 30 April 2014 – PT Sampoerna Agro Tbk and subsidiaries “a poe a Ag o" o the Co pa
released its financial and operational results for the period ending in 31 March 2014 1Q14 .
Global CPO commodity price traded in Malaysian markets, when measured in terms of quarterly
average, has been strengthening steadily since the final quarter of 2012. In fact, the rate of increase has
accelerated within the past two quarters to reach close to Rm2,700 per ton by 1Q14. This is 7% higher
tha a e age p ice i fou th ua te of
Q
o 6% highe versus first quarter of 2013
Q
. Management has an optimistic view that CPO market prices should sustain at about 15%
p e iu e sus last ea ’s pe fo a ce.
Within 1Q14, Sampoerna Agro sold its CPO at an average price of Rp9,011 per kg, which meant 10% rise
versus 4Q13 average or a robust 47% increase against 1Q13. As a result, revenue contribution from CPO
in 1Q14 climbed 13% versus 1Q13 to reach Rp534.72 billion despite 23% lesser volume sold this year.
CPO contributed 82% to total consolidated revenue for the Company that amounted to Rp649.63 billion
in 1Q14, a rise of 13% against 1Q13 figure.
FFB harvest from the Company nucleus estates managed to book 13% rise in 1Q14 to reach 163,676
tons. However, total CPO output within the same period retreated 10% primarily due to lower
contribution from external production which declined 36% year on year. Production growth booked
during 1Q14 was wholly attributable to estates in the Kalimantan region that saw 35% increase while on
the other hand, Sumatra region booked 31% lower volumes.
Notably though, production trend in 2014 have started to pick up in the month of March, unlike 2013
when it only picked up in July, or more visibly, in August. Therefore, management remained upbeat on
this ea ’s olu e g o th especiall co side i g that weather pattern in 2013 was mostly pleasant.
Following the receipt of International Sustainability & Carbon Certification (ISCC) certificates for couple
of company subsidiaries late last year, Sampoerna Agro managed to engage in selling ISCC certified palm
oil with premium pricing this year. The Company, through several of its subsidiaries, was also awarded
the Indonesian Sustainable Palm Oil (ISPO) certification in February 2014.
-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
April 2014 issue
corporate details
o
Area statement (oil palm only) as of March 2014:
mature
immature
total
o
Sumatra
nucleus plasma
34,561
42,583
6,689
1,606
41,251
44,189
Sub-T
77,144
8,296
85,440
Kalimantan
nucleus
mitra
21,177
3,599
8,995
1,781
30,172
5,380
Sub-T
TOTAL
24,776
10,776
35,552
101,921
19,071
120,992
Production of several key products:
FFB - nucleus
FFB - external
CPO
P.Kernel
G.Seeds
Unit
ton
ton
ton
ton
1000
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
YTD 14
163,676
101,681
53,249
12,736
2,146
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
YTD 13
Change
145,453 +13%
160,018
-36%
58,908
-10%
14,956
-15%
2,842
-24%
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:
Unit
Rp/kg
Rp/kg
Rp/kg
Rp/seed
CPO
CPOᵋ
P.Kernel
G.Seeds
Jan-14
8,578
8,578
5,444
8,102
Feb-14
8,898
8,898
5,639
7,894
Mar-14
9,319
9,319
5,908
7,529
YTD 14
9,011
9,011
5,650
7,838
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
YTD 13
Change
6,131 +47%
6,084 +48%
2,860 +98%
7,251
+8%
Mar-14
238.91
21.66
4.54
15.74
280.85
YTD 14
534.72
61.23
12.65
41.03
649.63
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
YTD 13
Change
473.57 +13%
50.35 +22%
16.84
-25%
44.79
-8%
585.56 +11%
Note: CPOᵋ p ice is et of e po t ta
o
Revenue breakdown by key products:
CPO
P.Kernel
G.Seeds
Others
Total Sales
Unit
Rp bn
Rp bn
Rp bn
Rp bn
Rp bn
Jan-14
110.43
24.16
5.05
18.96
158.60
Feb-14
185.38
15.41
3.07
6.32
210.18
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
FFB Production - YTD 2014
Kalimantan
42%
Sumatra
58%
FFB Production - YTD 2013
Kalimantan
27%
Sumatra
73%
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