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 2016 issue
summary
HEAVY RAINS
Jakarta, 28 April 2016–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 31 March 2016
1Q16 .
The first October rain that rought relief fro last ear’s e tre e drought had progressively intensified into first quarter of 2016. Average rainfall across our South Sumatra estates in 1Q16 climbed 95% versus the average recorded in 4Q15. Similarly with our Kalimantan estates whose locations are in Central and West Kalimantan. The region also recorded 87% more rainfall in 1Q16 versus 4Q15. In fact, rainfall statistics of both regions in 1Q16 had also exceeded first quarter average of the previous 5 years. Sumatra estates recorded 12% higher average while Kalimantan estates recorded 81% higher.
Along with the continued moisture recovery, our oil extraction rates had also strengthened in 1Q16 versus 4Q15, from 20.2% to 22.5%. Sumatra estates made the most improvement within the period by booking an increase from 19.9% in 4Q15 to 22.9% in 1Q16. Similarly in Kalimantan, extraction rates climbed from 21.5% in 4Q15 to 21.8% in 1Q16. Year on year comparison also showed some progress as the combined oil extraction rates rose from 22.3% in 1Q15 to 22.5% in 1Q16.
Sampoerna Agro produced a total of 63,679 tons of CPO in 1Q16, or 9% higher than the same period of 2015. Once again, Sumatra estates contributed to the production growth which registered 19% more output while Kalimantan registered 7% decline during the period.
In revenue terms, the Company booked Rp719.52 billion in 1Q16, or 37% higher than 1Q15. Year-on-year revenue growth within the period was attributable to a surge in sales volume among the two biggest revenue contributor. Sales volume of CPO rose 66% to 91,570 tons vs the same period in 2015 while PK sales volume escalated 23% to 14,567 tons.
On the flip side, palm oil commodity traded lower during 1Q16 versus the same period of 2015. Average selling price of CPO for Sampoerna Agro in 1Q16 amounted Rp6,547 per kg, or 17% lower versus 1Q15 figure. PK was also sold at 2% lower price in 1Q16 and averaged Rp4,750 per kg within the period. Both products, plus our DxP Sriwijaya seeds contributed a total of Rp694.83 billion of revenue for the period, or 97% of total consolidated revenue in 1Q16.
-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
in tons Jan-16 Feb-16 Mar-16 YTD 16 Jan-15 Feb-15 Mar-15 YTD 15 ∆
FFB - nucleus 80,650 51,507 45,020 177,176 52,194 50,001 69,813 172,008 +3% FFB - external 59,671 31,255 19,719 110,644 30,055 26,781 36,540 93,376 +18% CPO 31,402 18,313 13,963 63,679 18,056 17,304 22,928 58,289 +9% P.Kernel 6,611 3,708 3,135 13,454 3,775 3,703 5,737 13,215 +2% G.Seeds (1000s) 910 1,912 1,562 4,384 1,253 1,907 1,497 4,656 -6%
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 Jan-16 Feb-16 Mar-16 YTD 16 Jan-15 Feb-15 Mar-15 YTD 15 ∆
CPO 6,261 6,560 7,071 6,547 7,714 7,937 8,096 7,908 -17%
in Rp bn Jan-16 Feb-16 Mar-16 YTD 16 Jan-15 Feb-15 Mar-15 YTD 15 ∆
CPO 233.45 228.55 137.49 599.49 162.34 117.04 156.40 435.79 +38% P.Kernel 36.04 12.75 20.40 69.20 16.73 16.30 24.36 57.38 +21% G.Seeds 7.21 10.17 8.76 26.14 5.09 7.53 9.34 21.96 +19% Others 5.93 4.04 14.72 24.69 4.04 4.61 3.09 11.74 +110% Total Sales 282.63 255.52 181.37 719.52 188.20 145.48 193.19 526.87 +37%
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
11% 12% 16% 15% 17% 20% 25% 28% 26% 34%
89% 88% 84% 85% 83% 80% 75% 72% 74% 66%
0% 50% 100%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
FFB output (Kalimantan vs Sumatra)
2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16
FFB output (Nucleus vs Plasma)
Nucleus Plasma
