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 2017 issue
summary
PALM KERNEL OUTPERFORMANCE
Jakarta, 27 April 2017–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 2017 1Q17 .
Sampoerna Agro performed well in the first quarter 2017 mainly because it was backed by high commodity prices, as global CPO stocks persisted to be at lower levels, and decent harvesting volume, as production recovery continued. Another surprising factor from palm kernel provided good support for the Company in terms of financial performance. Sampoerna Agro managed to book Rp1,029.01 billion of consolidated revenue in 1Q17, or 43% higher ersus the pre ious ear s perfor a e 1Q16 . It also paved the way for robust earnings performance which was recorded at 1,027% higher, from Rp14.02 billion in 1Q16 to Rp157.96 billion in 1Q17.
As usual, CPO and PK maintained to be the lionshare of company revenue which contributed 91% of total within 1Q17. Sales contribution from CPO within the period totaled Rp757.94 billion, or 26% higher than 1Q16 figure. The rise was attributable to average selling price which rose 35% from Rp6,547 per kg in 1Q16 to Rp8,840 per kg in 1Q17. On the other hand, sales volume of CPO during the first three months of 2017 had actually declined 6% relative to the same period in 2016 even though CPO production within the period had actually climbed 32%. The 6% decline in sales volume was due to signficantly higher inventory drawdown in 1Q16 as the figure amounted to around 28,000 tons last year,
elittli g this ear s dra do of roughly 5,000 tons.
Palm Kernel, as the second biggest revenue generating product, outshined CPO in its year-on-year performance. Revenue contribution from PK amounted to Rp183.03 billion in 1Q17, or 164% higher than 1Q16. The stellar growth performance was due to 86% growth in average selling price and 42% growth in sales volume within the period. Interestingly, average selling price for our PK had even surpassed CPO in January, and to a greater extend, in February of this year. In February 2017, our PK was sold at an average price of Rp9,381 per kg, or 4% premium against CPO within the same period.
In 1Q17, production recovery within the Company oil palm estates continued to be evidenced. CPO production reached 83,866 tons, or 32% higher than 1Q16. Big part of the production growth within the period was attributable to our Sumatra estates which saw a total of 62,650 tons of CPO being produced, or 46% higher than 1Q16 figure of 43,026 tons. Our Kalimantan estates also managed to book a 3% increase during the period, from 20,653 tons in 1Q16 to 21,217 tons in 1Q17.
-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 2017 issue
corporate details
o Area statement as of March 2017:
Nucleus Plasma Sago Rubber Others
in tons Jan-17 Feb-17 Mar-17 YTD 17 Jan-16 Feb-16 Mar-16 YTD 16 ∆
FFB - nucleus 86,776 62,738 56,470 205,985 80,650 51,507 45,020 177,176 +16%
FFB - external 103,861 57,852 30,785 192,498 59,671 31,255 19,719 110,644 +74%
CPO 39,948 25,569 18,349 83,866 31,402 18,313 13,963 63,679 +32%
P.Kernel 10,202 5,635 3,960 19,798 6,611 3,708 3,135 13,454 +47%
G.Seeds (1000s) 599 932 1,209 2,739 910 1,912 1,562 4,384 -38%
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-17 Feb-17 Mar-17 YTD 17 Jan-16 Feb-16 Mar-16 YTD 16 ∆
CPO 8,826 8,986 8,665 8,840 6,261 6,560 7,071 6,547 +35%
in Rp bn Jan-17 Feb-17 Mar-17 YTD 17 Jan-16 Feb-16 Mar-16 YTD 16 ∆
CPO 293.27 271.30 193.38 757.94 233.45 228.55 137.49 599.49 +26%
P.Kernel 96.54 45.72 40.77 183.03 36.04 12.75 20.40 69.20 +164%
G.Seeds 2.77 6.32 4.65 13.73 7.21 10.17 8.76 26.14 -47%
Others 16.45 45.94 11.92 74.31 5.93 4.04 14.72 24.69 +201%
Total Sales 409.02 369.27 250.72 1,029.01 282.63 255.52 181.37 719.52 +43%
Note: Others are revenue generated from sago, rubber, FFB, palm kernel products, RBDPO, and electricity
11% 12% 16% 15% 17% 20% 25% 28% 26% 32% 27%
89% 88% 84% 85% 83% 80% 75% 72% 74% 68% 73%
0% 50% 100%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
FFB output (Kalimantan vs Sumatra)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3M17
FFB output (Nucleus vs Plasma)
Nucleus Plasma
