presentasi public expose 2014 - bakrie sumatera plantations · a s lli pi (usd/mt) ‐ 50 fy12 fy13...

Public ExposePublic Expose

Jakarta, 10 December 2014

Shareholders

16,899 accounts :

– 16,386 Local Individuals = 65%

l i i– 259 Local Institution = 16%

– Total Local = 81%

– 127 Foreign individual = 1%g

– 127 Foreign institutional = 18%

Total Foreign 19%– Total Foreign = 19%

2

Palm in Pictures

Productivity Measures (Ton/Ha)– Trees Per Hectare (TPH)– Fruit Quality / Mesocarp– Mill Productivity

3

• Oil Extraction Rate & Loss • Utilization

Vision & Strategy

– Vision – Where We Are Going ToVision Where We Are Going To

• Best Practices Number 1

• Best Practices Most Admired

– Strategy – How To Get There

• Productivity– Effective & Efficient

Innovative

• SustainabilityOperational

– Innovative

– Operational– Financial & Capital Structure

4

Overview

UNSP – Sales (IDR Billion)• Established in 1911 as a plantation and processing natural rubber company, PT Bakrie Sumatera Plantations Tbk (“UNSP”) has evolved into an integrated agrobusiness company with three area of businesses: 4 000

5.000 agrobusiness company with three area of businesses:1. Palm Oil Plantation and Processing2. Rubber Plantation and Processing3. Oleochemical Processing

f l l f h h

2.4852.076

1.4392.028

2.000

3.000

4.000

• Operating on fertile soil of Sumatra with the infrastructure that supports expansion to Kalimantan

• Manages 79,197 Ha planted Palm and Rubber area, with a healthy balance of 80 % mature and 20 % immature

‐

1.000

FY12 FY13 9M13 9M14

UNSP – EBITDA (IDR Billion)

a healthy balance of 80 % mature and 20 % immature• 10 factories in commercial operation with total

combined production output capacity of approximately383,700 MT per yearC i d d h i h b l• Committed toward the environment shown by several awards and certifications including ISO 14001 and RSPO

• With the support of more than 16,900 employees, UNSP is managing its Palm Oil and Rubber Plantations with 1 000

1.500

2.000

is managing its Palm Oil and Rubber Plantations with Sustainability and Productivity in mind 581

361 260417

‐

500

1.000

5PT. Bakrie Sumatera Plantations Tbk | Management Presentation| December 2014

FY12 FY13 9M13 9M14

Milestones

1911 Established as Rubber Company NV Hollandsch Amerikansse Plantage Matschappij1986 Acquired by Bakrie & Brothers1987 Diversify into palm oil via establishment of North Sumatra Unit1987 Diversify into palm oil via establishment of North Sumatra Unit 1990 Listed on the Jakarta Stock Exchange and Surabaya Stock Exchange1991 Renamed to PT Bakrie Sumatera Plantations Tbk2003 Obtained ISO 9001:2000 Quality Management System Certification2004 Stock Split and Rights Issue I2005 ISO 14001:1996 Environmental Management System Certification2007 Rights Issue II and Warrant series 1

Establishment of Agri Resources BV palm plantation in SumatraEstablishment of Agri Resources BV palm plantation in Sumatra2008 Expansion to Kalimantan2010 Rights Issue III and Warrant series 2

Further expansion into palm oil and rubberEntered oleochemical businessObtained RSPO Certification for North Sumatera UnitCooperation with ASD Costa Rica in developing seed garden

2011 100‐year anniversary of UNSP2011 100 year anniversary of UNSP 2012 70‐year anniversary of Bakrie Group

Obtained RSPO Certification for Jambi Unit2014 Obtained ISPO Certification for Jambi Unit

d hUNSP –9m14 Revenue Contribution

and other units are in progress


Estates and Mills* Data up to Sept 2014* Data up to Sept 2014

BRUNEI

NAGROE ACEHDARUSSALAM

Planted Hectarage (Ha)Palm Oil NucleusBSP Kisaran North Sumatra 9,973GLP North Sumatra 7,721BPP West Sumatra 8,755

MALAYSIA EASTKALIMANTAN

WEST

RIAU

NORTHSUMATRA

BATAM

BPP West Sumatra 8,755CCI West Sumatra 2,030AGW Jambi 4,418SNP Jambi 7,039MIB South Kalimantan 6,053Total Palm Oil Nucleus 45,987

KALIMANTAN

CENTRALKALIMANTAN

SOUTH KALIMANTAN

BENGKULU

JAMBIWESTSUMATRA

SOUTH

SUMATRA

Palm Oil PlasmaBPP West Sumatra 6,206AGW Jambi 7,701Total Palm Oil Plasma 13,907

Rubber

WEST JAVA

YOGYAKARTA

JAKARTA

CENTRAL JAVA

LAMPUNGMADURA

BSP Kisaran North Sumatra 10,759AMR Bengkulu 2,649JOP Bengkulu 2,474HIM Lampung 3,421Total Rubber 19,303

Mills and Factories Output Capacity p.a. End Products LocationCPO Mills (5) 282,240 MT Crude Palm Oil N.Sumatera (2), W.Sumatera, Jambi (2)Rubber Factories (4) 49,519 MT Natural Rubber N. Sumatera, S.Sumatera, Bengkulu, Lampung F tt A id FSC 52 000 MT F tt A id Gl i N S t T j M

EAST JAVATotal Planted 79,197

Fatty Acid FSC 52,000 MT Fatty Acid, Glycerin N.Sumatera‐Tanjung MorawaFatty Acid I 101,000 MT Fatty Acid, Glycerin N.Sumatera‐Kuala TanjungFatty Alcohol I 33,000 MT Fatty Alcohol N.Sumatera‐Kuala TanjungFatty Acid II 86,000 MT Fatty Acid, Glycerin N.Sumatera‐Kuala TanjungFatty Alcohol II 100,000 MT Fatty Alcohol N.Sumatera‐Kuala Tanjung


CPO Refinery 464,000 MT Olein, Stearin, PFAD N.Sumatera‐Kuala TanjungKernel Crusher 69,000 MT Crude Palm Kernel Oil N.Sumatera‐Kuala Tanjung

Production Summary – Palm Oil

• Compared to 9M13 as of 9M14, CPO and Palm Kernel production volume increased by 17% to 163 137 tons

FFB Production (MT) FY12 FY13 9M13 9M14 % ChangeNucleus 867,174 507,515 371,140 341,275 ‐8%Nucleus yield/Ha 11.7 13.5 8.5 9.6 13%

increased by 17% to 163,137 tons and by 15% to 35,612 tons respectively from higher FFB supply

Plasma 201,407 193,796 138,330 146,907 6%Plasma yield/Ha 17.6 16.5 11.7 12.5 6%Purchased 306,846 329,161 226,857 322,492 42%Total FFB Supply 1,375,427 1,030,472 736,328 810,674 10%Mill Production (MT)Mill Production (MT)CPO 268,610 196,599 139,378 163,137 17%CPO Extraction Rate 20.1% 20.4% 20.4% 20.4% 0%Palm Kernel 63,407 43,753 30,918 35,612 15%Kernel Extraction Rate 4.7% 4.5% 4.5% 4.5% ‐2%

UNSP –CPO Production (‘000 Ton)UNSP – Estates Profile

Planted Area (Ha) 9M14 268 6300Immature

20%Palm NucleusMature 36,145 Immature 9,842 Nucleus Planted 45,987

P l Pl

268,6

196,6

139,4163,1

150

200

250

300

Mature80%

Palm PlasmaMature 11,780 Immature 2,127 Plasma Planted 13,907

Total Planted Area 59,894‐

50

100

FY12 FY13 9M13 9M14


Total Planted Area 59,894 FY12 FY13 9M13 9M14

Production Summary ‐ Rubber

• Compared to 9M13 as of 9M14, processed Rubber production

Field Production (MT) FY12 FY13 9M13 9M14 % Change Nucleus 19,748 20,170 14,580 14,706 1%Nucleus yield/Ha 1.4 1.4 1.0 1.0 0%

increased by 31% to 18,787 tons from higher field rubber supply

Purchased 2,932 997 422 4,436 952%Total Field Rubber Supply 22,680 21,167 15,002 19,142 28%Factory Production (MT)Processed Rubber 23,103 19,709 14,342 18,787 31%

UNSP Estate Profile UNSP R bb P d ti (‘000 T )UNSP – Estate Profile UNSP – Rubber Production (‘000 Ton)

Immature22%Planted Area (Ha) 9M14

R bb N l23,1

19 7 18 825

Rubber NucleusMature 15,038 Immature 4,265

Total Planted Area 19,303

19,714,3

18,8

5 10 15 20

Mature78%

‐FY12 FY13 9M13 9M14

PT. Bakrie Sumatera Plantations Tbk | Management Presentation| December 2014 9

Financial Summary – Sales Detail

UNSP – CPO Sales Volume (‘000 Ton)Sales Revenue (in IDR bn) FY12 FY13 9M13 9M14 % Change FFB 6 58 38 20 ‐49%CPO 1,343 1,305 896 1,372 53%PK 164 158 100 193 93%R bb 670 551 403 443 10% 195 6 205,1

250 Rubber 670 551 403 443 10%Oleo 303 4 2 ‐ ‐Total 2,485 2,076 1,439 2,028 41%Sales Volume (MT)FFB 5,195 48,217 35,584 12,859 ‐64%

195,6 ,

147,5163,8

100

150

200

CPO 195,564 205,135 147,496 163,832 11%PK 45,869 42,862 30,149 35,473 18%Rubber 22,292 20,542 15,189 19,000 25%Oleo 29,054 800 683 ‐ ‐A S lli P i (USD/MT)

‐

50

FY12 FY13 9M13 9M14

UNSP – Average Selling Prices (USD/Ton)

Average Selling Price (USD/MT)FFB 121 115 107 129 21%CPO 732 609 605 713 18%PK 381 354 329 463 41%Rubber 3,203 2,566 2,640 1,986 ‐25% 4 0001 000

Rubber

Oleo 1,112 474 330 ‐ ‐

Product Sales Contribution FY12 FY13 9M13 9M14FFB 0.2% 2.8% 2.7% 1.0% 732

3.203 2.640 2.566

1.986 2 000

3.000

4.000

800

900

1.000

CPO

CPO 54.0% 62.8% 62.3% 67.7%PK 6.6% 7.6% 6.9% 9.5%Rubber 26.9% 26.5% 28.0% 21.9%Oleo 12.2% 0.2% 0.2% ‐

605 609

713 1.000

2.000

600

700

PT. Bakrie Sumatera Plantations Tbk | Management Presentation| December 2014

‐500

FY12 9M13 FY13 9M14

10

Consolidated Financial Summary

• Compared to 9M13, stronger 9M14 resulting from increased productivity on the back of

Profit & Loss (in IDR bn) FY12 FY13 9M13 9M14 % Change Sales 2,485 2,076 1,439 2,028 41%Gross Profit 749 591 395 575 45%Operating Income 361 213 135 278 106% productivity on the back of

stronger palm product prices and weaker rubber product prices

EBITDA 581 361 260 417 60%Net Income (Loss) Current Period (1,068) (2,767) (796) (128) 84%MarginsGross Margin 30% 28% 27% 28%Operating Margin 15% 10% 9% 14%Operating Margin 15% 10% 9% 14%EBITDA Margin 23% 17% 18% 21%

B l Sh (i IDR b ) FY12 FY13 9M13 9M14Balance Sheet (in IDR bn) FY12 FY13 9M13 9M14Current Assets 3,789 3,460 3,872 3,391Non Current Assets 15,195 14,555 15,842 14,823Total Assets 18,983 18,015 19,714 18,214Current Liabilities 3,001 6,359 3,867 7,804, , , ,Non Current Liabilities 8,068 6,789 8,968 5,673Total Liabilities 11,069 13,148 12,835 13,477Equity 7,914 4,867 6,879 4,737Total Liabilities and Equity 18,983 18,015 19,714 18,214


Overview, Challenge, and Strategy 2015 ‐ 2017

• Overview of Palm Oil and Rubber‐We have a view of continuing stable global demand for palm oil and rubber driven by continuous use of such in consumer goods products‐ Even though the short term price trends remain concern, we have a view of positively stable prices for the medium and long term

• Focus on Sustainable Productivity and ProfitabilityWe acknowledge our current challenges to improve productivity and profitability, we therefore are committed to :‐ Improve and optimize the estate management system; including but not limited to better progeny, field operation, tree age management, pest control, etc

‐ Improve quality of infrastructure, both production and support facilitiesReduce debt and its related costs‐ Reduce debt and its related costs

• Oleochemical / Downstream BusinessRevitalization program of our Oleochemical project is on‐going.


Sustainable Productivity

UNSP Management continues efforts to improve productivity efforts to improve productivity and sustainable capital structure

13

News


Strategi – Inovasi Produktivitas

18

Strategi – Inovasi Produktivitas

JV UNSP + Agricultural Service & Development (ASD) Costa Rica

582 hektar keb n bibit ngg l (seed garden) di Kisaran582 hektar kebun bibit unggul (seed garden) di Kisaran

Bibit unggul:Bibit unggul:– Lebih banyak pohon per hektar– Lebih mudah dipanen– Mesocarp lebih tebal– Panen lebih cepat dan bertambah panjang nya

total usia produktiftotal usia produktif– Lebih banyak produksi CPO per hektar yang sama

19

News S S O S 6 S 2014 6

KONTAN – 6 DESEMBER 2014, HAL 16INVESTOR DAILY – 8 DESEMBER 2014, HAL 12

BISNIS INDONESIA – 6 DESEMBER 2014, HAL 6


Thank You

Visit our website at: www.bakriesumatera.com

Address: Contact:PT Bakrie Sumatera Plantations Tbk Fitri Barnas Andi W. SetiantoCorporate Center Corporate Secretary Harris J. WahyuKompleks Rasuna Epicentrum e‐mail [email protected] M. Husna MubaraqBakrie Tower 18th‐19th floor office +62 21 2994 1286‐87 Investor Relations TeamBakrie Tower 18th 19th floor office +62 21 2994 1286 87 Investor Relations TeamJl. H.R. Rasuna Said e‐mail : [email protected] 12960, Indonesia [email protected]

[email protected] +62 21 2994 1286‐87

Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. Any forward looking statements are based on estimation, the realization thereof may deviate. PT Bakrie Sumatera Plantations Tbk accepts no liability whatsoever with respect to the use of this document or its contents.


presentasi public expose 2014 - bakrie sumatera plantations · a s lli pi (usd/mt) ‐ 50 fy12 fy13...

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