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
july 2013 issue
summary
PRICING IS UP WHILE VOLUMES ARE DOWN
Jakarta, 31 July 2013– PT Sampoerna Agro Tbk. and subsidiaries “a poe a Ag o" o the Co pa released its unaudited consolidated financial and operational results for the period ending in 30 June 2013
1H .
Pricing is still a major highlight within the CPO space. Although CPO pricing in Malaysia Derivative Exchange MDEX has been trading side a s i seco d ua te Q , it is visibly less fluctuative than the first quarter 2013 Q . CPO pricing in MDEX averaged Rm2,324 per ton in 2Q13, flat versus 1Q13 average of Rm2,326 per ton. On the other hand, 1H13 average of Rm2,325 per ton is 28% lower than the
sa e pe iod i H .
We booked 10% quarterly increase in average selling price for CPO (net of export tax) in 2Q13, a first break over the past one year. Selling price for the biggest revenue contributing product in 2Q13 averaged Rp6,673 per kg versus Rp6,084 per kg in 1Q13. Palm Kernel PK ) selling price also strengthened in 2Q13, averaged Rp3,007 per kg, or 5% higher than 1Q13. However, 1H13 average for the top two revenue contributing products was still well below their 1H12 average. Average selling price for CPO and PK amounted Rp6,324 per kg and Rp2,923 per kg respectively, declined 18% and 28% versus 1H12 figures.
Sampoerna Agro booked Rp1,010.97 billion as revenue in 1H13, 27% lower than 1H12 figure. Primary cause for the decline was lower revenue contribution from our top two products which made up 92% of total. Within 1H13, CPO contributed Rp834 billion in revenue, or 32% lower than 1H12 while contribution from PK reached Rp90.72 billion, also 28% less than 1H12. Aside from the declines in prices, sales volumes for both key products also slided 15% and 1% respectively.
F esh F uit Buches FFB p oductio olu es i H a ou ted 5 ,9 5 to s, o % lo e tha H
figures. During the period, South Sumatra output figures dropped 25% while our Kalimantan region declined 7%. Seasonality swing caused by weather factor was quoted as the main reason for the retreat.
Amidst the low crop season since beginning of the year, Management has taken various initiatives aimed at enhancing company fundamentals sustainably. For instance, there are some organizational restructuring, mill improvement rehabilitation and mill contruction projects started in the year. Concurrently, other processes to obtain several sustainability certifications are still on track while expansion efforts into palm oil, sago, and rubber are also ongoing.
-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
july 2013 issue
corporate details
o Area statement (oil palm only) as of June 2013:nucleus plasma nucleus mitra
Unit Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 YTD 13 YTD 12 Change FFB - Smtra ton 105,583 67,297 49,684 53,339 45,386 29,633 350,921 466,338 -25% FFB - Klmtn ton 32,922 24,183 25,802 24,381 23,669 22,057 153,014 164,848 -7% CPO ton 27,324 17,361 14,223 15,819 14,144 10,588 99,459 134,999 -26% P.Kernel ton 6,143 4,468 4,346 4,358 3,899 3,592 26,806 35,785 -25% G.Seeds 1000 1,128 952 763 1,038 1,170 1,547 6,597 4,806 +37%
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o Average net selling price of several key products:
Unit Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 YTD 13 YTD 12 Change CPO Rp/kg 6,017 6,251 6,128 6,630 6,639 7,091 6,401 7,911 -19%
Unit Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 YTD 13 YTD 12 Change CPO Rp bn 180.95 184.04 108.58 145.33 82.80 132.61 834.31 1,219.67 -32% P.Kernel Rp bn 18.43 16.48 15.43 15.70 13.21 11.46 90.72 126.62 -28% G.Seeds Rp bn 8.04 5.83 2.96 4.33 3.98 5.59 30.73 30.91 -1% Others Rp bn 15.34 13.87 15.57 3.99 1.80 4.61 55.20 13.15 +320% Total Sales Rp bn 222.77 220.24 142.55 169.34 101.79 154.27 1,010.97 1,390.36 -27%
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
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