analyst meeting
DESCRIPTION
ANALYST MEETING. 22 August 2008. PT. Sierad Produce, Tbk. DISCLAIMER. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/1.jpg)
22 August 2008
ANALYST MEETING
PT. Sierad Produce, Tbk
![Page 2: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/2.jpg)
DISCLAIMERWe remind all investors that the statements and figures contained herein have not been independently verified. No representation or warranty expressed or implied is made as to, & no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinion contained herein. The Company’s reasonable judgment on its forward-looking views is subject to changes caused by unforeseeable risks and other uncertainties that could affect the Company’s business.This document is being furnished to you solely for your information and on confidential basis & may not be reproduced, redistributed or passed on, in whole or in part, to any other person.
2
![Page 3: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/3.jpg)
1. INTRODUCTION2. INDUSTRY OUTLOOK3. FINANCIAL HIGHLIGHTS
![Page 4: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/4.jpg)
PT Sierad Produce, Tbk
Feedmill Breeding & Hatchery
Contract Growing Slaughterhouse SBU
Capacity
Location
1500 ton / day 800.000 ton / year 105 million DOC / year + 900.000 DOC / week (as of Jul 2008)
• Slaughtering: 60.000 birds/day• Cold storage : 1200 ton
• Lampung • Sidoardjo
• Lampung • Sidoardjo• Balaraja, Tangerang
• Sukabumi (7 F + 1 H)• Bogor (3 F + 1 H)• Tangerang (1 F)• Lamongan (1 F + 1H)
• Jawa Barat & Banten• Jawa Tengah & Jogjakarta• Jawa Timur & Bali
Parung, Bogor
Corn Drying
COVERAGE AREAS
THE COMPANY
4
![Page 5: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/5.jpg)
OTHER BUSINESSESPT Sierad Industries (Cikande – Serang)
– Plastic Based Poultry EquipmentPT Dwipamina Nusantara (Bali) –
Fishmeal Production
5
![Page 6: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/6.jpg)
Breeder/Laying Farm
Pullets become productive at 25 weeks
HatcheryEggs are in
hatchery for 21 days
Broiler FarmBroilers reach market
weight in about 36 days
Processing / Further-
Processing Plant
FeedmillProduces scientifically
formulated feed for pullets & broilers
Receiving ParentStock Day
Old Chick
POULTRY SUPPLY CHAIN
Distribution
6
*
![Page 7: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/7.jpg)
Incorporated06 Sep1985
IPO, 27 Dec 1996Merger, 2001
Debt to Equity/CB/Resched
uling Lease Finance Debt
Oct 2001
Financial Restructuring 1997 - 2000
Reverse Stock SplitOct 2004
Debt to Equity
May 2005
CORPORATE MILESTONE
7
![Page 8: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/8.jpg)
CAPITAL STRUCTURE
Shareholder Number of Nominal Total % Shares (Rp) (Rp)
PT Sietek Nusantara Finance - A Series 20.018.500 5.000 100.092.500.000 3,14%Public - A Series 53.081.400 5.000 265.407.000.000 8,33%
Public (Ex Creditors) - B Series 650.686.609 3.000 1.952.059.827.000 61,30%Public (Ex Bondholders) - C Series 7.346.666.667 100 734.666.666.700 23,07%
Public (Ex Lessors) - C Series 1.320.655.317 100 132.065.531.700 4,15%Total 9.391.108.493 3.184.291.525.400 100,00%
8
![Page 9: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/9.jpg)
1. INTRODUCTION2. INDUSTRY OUTLOOK3. FINANCIAL HIGHLIGHTS
![Page 10: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/10.jpg)
CHICKEN CONSUMPTION
10
Meat Eggs0
100
200
300
400
4.5
6738.5
311
2864
7.5
105
Chicken Consumption Per Capita /KG / Annum
Indonesia Malaysia Singapore ASEAN
Source : FAO 2007
![Page 11: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/11.jpg)
GDP vs. CHICKEN CONSUMPTION
0
50
100
150
200
250
300
350
400
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Year
GDP
(BLN
USD
)
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Broi
ler m
eat c
onsu
mpti
on/c
apita
/yea
r
11
![Page 12: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/12.jpg)
CORN PRICE
Jan-06
Mar-06
May-06
Jul-06
Sep-0
6Nov
-06Jan
-07Mar-
07
May-07
Jul-07
Sep-0
7Nov
-07Jan
-08Mar-
08
May-08
0
500
1000
1500
2000
2500
3000
3500
4000
Local CornImport Corn
Pric
e (R
p)
12
![Page 13: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/13.jpg)
SBM PRICE
Jan-06
Mar-06
May-06
Jul-06
Sep-0
6
Nov-06
Jan-07
Mar-07
May-07
Jul-07
Sep-0
7
Nov-07
Jan-08
Mar-08
May-08
Jul-08
$0
$100
$200
$300
$400
$500
$600
$700Pr
ice
13
![Page 14: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/14.jpg)
DOC AND LIVE BIRD PRICE
14
01-Ja
n-06
03-M
ar-0
6
03-M
ay-06
03-Ju
l-06
02-S
ep-06
02-N
ov-06
02-Ja
n-07
04-M
ar-0
7
04-M
ay-07
04-Ju
l-07
03-S
ep-07
03-N
ov-07
03-Ja
n-08
04-M
ar-0
8
04-M
ay-08
04-Ju
l-08
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
DOC BroilerDOC LayerLive Bird
Pric
e (R
p)
![Page 15: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/15.jpg)
1. INTRODUCTION2. INDUSTRY OUTLOOK3. FINANCIAL HIGHLIGHTS
![Page 16: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/16.jpg)
FINANCIAL HIGHLIGHTS
2004 2005 2006 2007 1H 2008
(69) (85)
68 49
63
Operating Income(Rp billions)
2004 2005 2006 2007 1H 2008
(154) (122)
41 21 33
Net Income(Rp billions)
2004 2005 2006 2007 1H 2008
11
(46)
104 83 83
EBITDA(Rp billions)
2004 2005 2006 2007 1H 2008
1,354 1,425 1,111
1,632
1,090
Net Sales(Rp billions)
16
![Page 17: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/17.jpg)
TARGET 2008 2008 (F) 2007 1H 2008 1H 2007
Net Sales 2.000 1.632 1.090 683
EBITDA 120 83 83 36
Net Income 46 21 33 13
17
![Page 18: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/18.jpg)
FINANCIAL HIGHLIGHTSFINANCIAL HIGHLIGHTS 1H 2008 1H 2007 ∆ %( Rp billions)
Net Sales 1.090 683 60
Gross Profit 124 68 83
Operating Income 63 19 239
EBITDA 83 36 130
Earnings Before Tax 51 20 162
Net Income 33 13 150
EPS (Rp /share) 4 1 150
Equity 1.039 998 4
Total Assets 1.399 1.143 22
Ratios
Current Ratio 228 367 (38)
Debt to Equity 35 15 138
Debt to Total Assets 26 13 102
Book Value Per Share (Rp) 111 106 4 18
![Page 19: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/19.jpg)
REVENUE CONTRIBUTIONS
Feedmill; 57%
Breed-ing; 14%
Contract Growing;
26%
S.house; 2% Others; 0%
19
![Page 20: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/20.jpg)
PRODUCTION VOLUME
20 1H 2008 VS 1H 2007
24.6%
0.6%
23.7%
Feeds DOC Live Bird
15%
Dressed Chicken
![Page 21: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/21.jpg)
EXPANSION PLANAdditional + 40 flocks (Breeding Farm)
Broiler Central Java + 450.000 DOC /week
Layer West Java + 115.000 DOC / weekHatchery (24 machines) Central Java
+ 670.000 DOC / weekInvestment Cost = Rp 310 billions
21
![Page 22: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/22.jpg)
OTHERSIncrease population in Kemitraan
captive marketExtend the Vertical Integration ChainDelfarm Meat Shop Project
22 22
![Page 23: ANALYST MEETING](https://reader038.vdocuments.net/reader038/viewer/2022102913/56812b26550346895d8f2995/html5/thumbnails/23.jpg)
TERIMA KASIH
Untuk Informasi Lebih Lanjut Hubungi:
PT Sierad Produce TbkGedung Plaza City View, Lantai 1Jl. Kemang Timur No. 22, JakartaTel. 021 - 719 3888, Fax. 021 719 3889Up. Elies Lestari Setiawan - Corporate Secretary