LAPORAN
TAHUNAN
ANNUAL
REPORT
2015
Pe ru sa h a a n An d a m e m a h a m i p e n t in g n ya
inovasi bagi pertum buhan yang keberlanjutan,
sejalan dengan upaya peningkatan kom petensi
in t in ya d a la m se g m e n u sa h a h u lu se rt a
p ersiap an revitalisasi segm en hilir. Perusahaan
An d a t e t a p b e rfo ku s p a d a u p a ya m e n ja g a
t in g ka t p ro d u kt ivit a s ya n g t in g g i m e la lu i
p e n in g ka t a n e fe kt ivit a s d a n e fisie n si p ro se s
p ro d u ksi, d e m i m e m a st ika n ke b e rla n ju t a n
p e n cip t a a n n ila i b a g i p a ra p e m a n g ku
kep en tin g an .
INNOVATING GROWTH
REVITALIZING
SUSTAINABILITY
Pe n g e m b a n g a n b ib it u n g g u l sa w it m e la lu i ke rja sa m a dengan ASD Costa Rica, m enghasilkan 4 (em pat) varietas bibit unggul (Spring, Them ba, CR Ovane dan CR Suprem e) d en g a n keu n g g u la n u sia t a n a m a n m en g h a silka n ya n g relatif m uda - 2 (dua) tahun dibandingkan 3 (tahun) untuk t a n a m a n n o rm a l - d a n p o t e n si ke m a m p u a n vo lu m e produksi buah sawit 40 ton Tandan Buah Segar (TBS) per hektar per tahun, lebih tinggi dari produksi norm al 25-30 ton TBS per hektar per tahun. Keem pat varietas bibit unggul in i t e la h m e m p e ro le h p e rse t u ju a n Pe m e rin t a h u n t u k program penanam an baru dan re-planting, dan ditargetkan untuk penjualan bagi perkebunan rakyat um um m aupun perusahaan perkebunan skala m enengah dan besar.
Th e d evelo p m en t o f p rem iu m p a lm seed s t h ro u g h t h e ven t u re co o p era t io n w it h ASD Co st a Rica , p ro d u cin g 4 (four) prem ium seed varieties (Spring, Them ba, CR Ovane a n d CR Su p rem e) fea t u rin g rela t ively sh o rt er im m a t u re period - 2 (two) years instead of the norm al 3 (three) years - with the potential palm production volum e of 40 tons of Fresh Fruit Bunches (FFB) per hectare per year, higher than the norm al p rod uction of 25-30 tons of FFB p er hectare per year. The four prem ium seed varieties have obtained the Governm ent approval for new planting and re-planting p ro g ra m s, a n d h a ve b een t a rg et ed fo r sa le t o o il p a lm sm allholders as well as to m id-size and big com panies.
Ke rja sa m a d e n g a n Ya ya sa n Ba krie Am a n a h - se b u a h ya ya sa n so sia l d a la m Ke lo m p o k Usa h a Ba krie - d a la m p e n g e lo la a n d a n a u n t u k ke p e n t in g a n so sia l m e la lu i Pro g ra m ‘Pa yro ll ZIS’ ya n g m elib a t ka n ka rya w a n d a la m pengum pulan dana sosial secara rutin m elalui pem otongan gaji secara sukarela.
Cooperation with the Bakrie Am anah Foundation - a social fo u n d at io n in t h e Bakrie Bu sin ess Gro u p - in m an ag in g so cia l fu n d s t h ro u g h t h e ‘Pa yro ll ZIS’p ro g ra m in vo lvin g e m p lo ye e s in t h e co lle ct io n o f so cia l fu n d s t h ro u g h voluntary salary cut on a regular b asis.
INOVASI
INNOVATION
INOVASI BENIH UNGGUL
SAWIT
Innovation on Prem ium Palm Seeds
INOVASI PENGUM PULAN
DANA SOSIAL
Pe n g e m b a n g a n p ro g ra m ‘b a n k sa m p a h ’ b a g i sisw a Sekolah Dasar yang dikelola di bawah yayasan pendidikan b in a a n p eru sa h a a n , ya n g m elib a t ka n p a ra sisw a d a la m up aya p em ilahan sam p ah yang b ernilai ekonom is untuk disalurkan m elalui sekolah serta dikonversikan sebagai dana tabungan bagi kebutuhan sekolah siswa.
The developm ent of the ‘trash bank’ program for students o f Ele m e n t a ry Sch o o ls ru n b y co m p a n y-s u p p o rt e d ed ucational found ations, involving stud ents in the efforts t o t a ke a d va n t a g e o f e co n o m ic-va lu e d w a st e t o b e d istrib uted throug h the schools and to b e converted as savings of funds for the students’ school needs.
Penerap an kurikulum b erb asis ling kung an (Ad iw iyata) d i Sekolah Dasar Bakrie Utam a Sungai Aur yang berlokasi di Kecam atan Sungai Aur - Pasam an Barat (dalam lingkungan Perkebunan Unit Usaha Sum bar/BPP).
Th e im p le m e n t a t io n o f e n viro n m e n t -b a se cu rricu lu m (Ad iw iyata) at the Bakrie Utam a Sung ai Aur Elem entary School located in the Sungai Aur District of West Pasam an (in the Plantation area of Sum b ar / BPP Unit).
Pe n g e m b a n g a n d a n p e n g e lo la a n M in ia t u r Hu t a n Konservasi seluas 17 Ha di tengah perkebunan sawit di Unit AGW, b ert u ju a n u n t u k m en ja g a sert a m en g em b a n g ka n ke a n e ka ra g a m a n h a ya t i ya n g a d a , m e la lu i u p a ya p e n a n a m a n b ib it t a n a m a n la n g ka m e la lu i ke rja sa m a dengan lem baga terkait, juga bertujuan untuk m em elihara ekosistem yang ada, serta perlindungan dan pem eliharaan flora dan fauna yang terdapat di lokasi.
The developm ent and m anagem ent of a 17 Ha Miniature Conservation Park in the m iddle of the palm plantation of th e AGW Un it, aim ed at p reservin g an d d evelo p in g th e availab le b iod iversities, through the p lanting of seed s of endangered species in cooperation with related institutions; also aim ed at m aintaining current ecosystem s, as well as to protect and m aintain the prevailing flora and fauna on lo cat io n .
INOVASI PENGELOLAAN
SAM PAH
Innovation on Trash Managem ent
INOVASI PENDIDIKAN
BERBASIS WAWASAN
LINGKUNGAN
Innovation on Environm entally-Based Ed u cat io n
INOVASI KONSERVASI
LINGKUNGAN
Ikhtisar Keuangan
Report of the Board of Directors
Diskusi dan Analisa
Net Profit for the Year from Discontinued OperationsUse of Proceeds from Rights Issue Perubahan Kepemilikan Saham (Investasi / Ekspansi / Divestasi / Penggabungan/Peleburan Usaha / Akuisisi)
Changes in Share Ownership
(Investment / Expansion / Divestment / Merger / Aquisition)
Transaksi Benturan Kep entingan
Changes in Law s and Regulations
Perub ahan Stand ar Akuntansi
Rapat Um um Pem egang Saham General M eeting of Shareholders M anagement of Corporate Social and Environmental Responsibilities
Peng em b ang an Ketenag akerjaan serta Penerap an Kesehatan, Keselam atan dan Keam anan Kerja Employment Development and Implementation of Occupational Health, Safety and Security
Perlind ung an Konsum en Consumer Protection
Perlind ung an Ling kung an Environmental Protection
Data Perusahaan
Corporate Data
Profil Kom isaris
Profile of the Board of Commissioners
Profil Direksi
Profile of the Board of Directors
Kom isaris d an Direktur Entitas Anak dan Perusahaan Asosiasi
2.021.646.748 2.636.703.408 2.076.486.069 2.485.429.887 3.646.109.970
1.508.031.054 1.906.053.721 1.485.599.280 1.736.764.096 2.213.587.101
513.615.694 730.649.687 590.886.789 748.665.791 1.432.522.869
(1.391.246.384) (506.829.808) (3.043.733.871) (970.138.364) 907.504.303
333.393.831 (1.940.798) 477.691.368 25.289.743 (319.685.719)
(1.057.852.553) (508.770.606) (2.566.042.503) (944.848.621) 587.818.584
540.318.460 (174.173.396) (200.676.538) (122.750.156) 157.682.069
(517.534.093) (682.944.002) (2.766.719.041) (1.067.598.777) 745.500.653
(514.569.643) (623.581.202) (2.762.792.133) (1.065.265.036) 744.889.699
(2.964.450) (59.362.800) (3.926.908) (2.333.741) 610.954
(763.647.528) (725.117.291) (3.047.203.419) (1.098.540.855) 667.631.265
(760.683.078) (665.754.491) (3.040.527.764) (1.095.903.882) 667.020.311
(2.964.450) (59.362.800) (6.675.655) (2.636.973) 610.954
IKHTISAR KEUANGAN
Financial Highlights
Penjualan neto
Net sales
Beban pokok penjualan
Cost of sales
Laba bruto
Gross profit
Laba (rugi) sebelum m anfaat (b eb an) p ajak p enghasilan
Incom e (loss) before incom e tax b enefit (exp ense)
Manfaat (beban) pajak penghasilan - neto
Incom e tax benefit expense - net
Laba (rugi) neto tahun berjalan dari operasi yang dilanjutkan
Net incom e (loss) for the year from continuing op erations
Laba (rugi) neto tahun berjalan dari operasi yang dihentikan
Incom e (loss) net for the year from d iscontinuing op erations
Laba (rugi) neto tahun berjalan
Net incom e (loss) for the year
Laba (rugi) neto tahun berjalan yang dapat diatribusikan kepada pem ilik entitas induk
Net incom e (loss) for theyear attributable to owners of the parent
Laba (rugi) neto tahun berjalan yang dapat diatribusikan kepada kepentingan non pengendali
Net incom e (loss) for the year attrib utab le to non-controlling in t erest s
Total (rugi) pendapatan kom p rehensif tahun b erjalan
Total com prehensive incom e (loss) for the current year
Total (rugi) pendapatan
kom prehensif tahun berjalan yang dapat diatribusikan kepada pem ilik entitas induk
Com prehensive incom e (loss) for the current year attributable to owners of the parent
Total (rugi) pendapatan
kom prehensif tahun berjalan yang dapat diatribusikan kepada kepentingan non pengendali
Total com prehensive incom e (loss) for the current year attributable to non-controlling interests
Angka pada tabel dan grafik m enggunakan notasi Indonesia (dalam ribuan rupiah, kecuali disebutkan lain)
Num erical notations in all tables and graphs are in Indonesian (in thousands IDR, except stated otherwise)
Ura ia n
Descrip t io n
2015
2014* 2013* 2012 2011- - - - 1.668.642
302.472.184 302.472.184 302.535.339 302.535.339 305.708.697
16.926.616.869 17.450.389.476 18.020.640.490 18.983.332.052 18.702.295.203
13.569.811.257 13.329.936.336 13.175.070.059 11.068.929.244 9.644.732.756
3.356.805.612 4.120.453.140 4.845.570.431 7.914.402.808 9.057.562.447
(6.492.421.059) (5.102.238.942) (2.899.502.046) 787.482.797 (2.074.241.065)
(3,06%) (3,91%)* (15,35%)* (5,61%) 3,98%
(15,42%) (16,57%)* (62,89%)* (13,46%) 8,22%
18,49% 33,73% 54,41% 126,24% 39,77%
404,25% 323,51%* 271,90%* 139,86% 106,48%
80,17% 76,39%* 73,11%* 58,31% 51,57%
0,43x 0,84x 1,03x 1,06x 2,39x
37,91 21,75 15,54 17,01 32,04
21% 27% 22% 25% 34%
0,12 0,15 0,12 0,13 0,19
25,41% 27,71% 28,46% 30,12% 39,29%
13.720.471.386 13.720.471.386 13.720.471.386 13.720.470.842 13.686.738.842
(37,72) (49,78) (201,36) (77,69) 54,80
0 0 0 4,51 4,40
686.023.569.300 686.023.569.300 686.023.569.300 1,276,003,788,306 3,900,720,569,970 Angka pada tabel dan grafik m enggunakan notasi Indonesia
(dalam ribuan rupiah, kecuali disebutkan lain)
Num erical notations in all tables and graphs are in Indonesian (in thousands IDR, except stated otherwise)
Ura ia n
Descrip t io n
2015
2014* 2013* 2012 2011Rasio Keuangan / Financial Ratio
Inform asi Keuangan Lainnya / Other Financial Inform ation
Inform asi Saham
* disajikan kem bali | restated
Investasi p ad a entitas asosiasi
Investm ents in associates
Investasi pada entitas lain
Investm ents in other entities
Jum lah aset
Total assets
Jum lah liab ilitas
Total liab ilities
Ekuitas neto
Equity - net
Modal kerja bersih
Net working capital
Tingkat pengem balian aset
Return on assets
Tingkat p engem b alian ekuitas
Return on equity
Rasio lancar
Current ratio
Rasio kewajiban terhadap ekuitas
Liab ilities to Eq uity Ratio
Rasio kewajiban terhadap aset
Liab ilities to assets ratio
EBITDA terhadap beban bunga
EBITDA to interest Expenses
Tingkat p erp utaran p ersed iaan
Inventory turnover
Tingkat perputaran aset tetap
Assets turnover
Tingkat perputaran jum lah aset
Total assets turnover
Marjin laba kotor
Gross profit m argin
Jumlah saham beredar (lembar saham)
Outstanding shares (share of stock)
Laba (rugi) neto per saham dasar (Rp)
Basic earnings (loss) p er share (IDR)
Dividen per saham (Rp)
Dividend per share (IDR)
Nilai kapitalisasi pasar (Rp)
Market capitalization value (IDR)
IKHTISAR SAHAM DAN EFEK LAINNYA
Shares and Securities Highlights
Kinerja Saham| Share Perform ance
(Rupiah) 2015 2014 ( IDR)
Harga tertinggi 50 82 Highest p rice
Harga terend ah 50 50 Lowest price
Harga pada akhir tahun 50 50 Year-end price
Rugi neto per saham dasar (37,50) (45,44) Basic loss per share
Pem b u kaan Teren d ah Tert in g g i Pen u t u p an Pem b u kaan Teren d ah Tert in g g i Pen u t u p an
Op en Lo w est Hig h est Clo se Op en Lo w est Hig h est Clo se
Triwulan I 50 50 50 50 50 50 82 50 1st Quarter
Triwulan II 50 50 50 50 50 50 57 50 2nd Quarter
Triwulan III 50 50 50 50 50 50 50 50 3rd Quarter
Triwulan IV 50 50 50 50 50 50 54 50 4th Quarter
Harga Saham | Share Price
(Rupiah) 2015 2014 (IDR)
IDX : UNSP Pasar Reguler Pasar Negosiasi Pasar Reguler Pasar Negosiasi
Frekuensi (x) Vo lu m e Vo lu m e Frekuensi (x) Vo lu m e Vo lu m e
Triwulan I 5.161 340.605.100 426.743.825 31.314 2.932.907.600 558.554.725 1st Quarter
Triwulan II 1.248 5.995.300 685.487.900 21.541 212.395.800 341.109.772 2nd Quarter
Triwulan III 1.177 1.222.200 519.926.492 1.862 48.925.200 215.377.900 3rd Quarter
Triwulan IV 1.435 4.192.300 332.665.550 7.187 419.931.900 720.939.025 4th Quarter Peredaran Saham | Share Distribution
(unit) 2015 2014 (unit)
Harga dan Volume Saham BSP Selama Tahun 2015
Price and Volum e Perform ance of BSP Shares During 2015
Harga Penutupan Saham (Rp) Closing Price (IDR)
Volum e Saham BSP
BSP Shares Volum e
(u n it )
Jan - Mar Apr - Jun Jul - Sep Oct - Dec
180.000.000 160.000.000 140.000.000 120.000.000 100.000.000 80.000.000 60.000.000 40.000.000 20.000.000 0 70
1990 20.958.630 10.054.899 - 37.000 -
-1991 30.741.819 15.185.189 200 37.000 7.400.000 73,59%
1992 32.325.516 11.758.727 275 37.000 10.175.000 67,00%
1993 37.947.393 15.796.846 275 37.000 10.175.000 86,53%
1994 51.588.016 24.185.623 285 37.100 10.545.000 66,75%
1995 71.984.448 33.346.431 350 37.100 12.950.000 53,54%
1996 100.331.884 43.147.436 400 74.000 14.800.000 44,38%
1997 135.160.976 50.369.091 75 207.200 15.540.000 36,00%
1998 166.769.962 50.469.411 75 207.200 15.540.000 30,85%
1999 38.323.862 (6.445.287) - 207.200 -
-2000 (155.326.414) (193.650.277) - 248.640 -
-2001 (225.869.471) (70.543.056) - 248.640 -
-2002 (149.914.301) 75.955.170 - 248.640 -
-2003 (67.347.562) 80.425.611 - 248.640 -
-2004* 8.641.491 95.916.193 - 2.331.000 -
-2005 110.371.065 115.715.575 6 2.331.000 13.986.000 14,58%
2006 262.289.585 172.897.520 9 2.331.000 20.979.000 18,13%
2007 433.899.857 206.575.272 15 3.787.875 34.965.000 20,22%
2008 543.073.253 173.569.364 17 3.787.997 64.395.948 31,17%
2009 761.819.508 252.783.327 9 3.787.997 34.037.072 19,61%
2010 1.528.053.050 805.630.446 3,8 13.553.773 50.292.114 19,90%
2011 2.212.742.843 744.889.699 4,4 13.686.739 60.199.906 7,47%
2012 1.084.981.063 (1.067.598.777) 4,555 13.720.471 62.500.000 8,39%
2013 (1.677.811.070) (2.766.719.041) - 13.720.471 -
-2014 (2.301.100.710)* (682.944.002)* - 13.720.471 -
-2015 (2.815.670.353) (517.534.093) - 13.720.471 -
-* setelah perubahan kebijakan akuntansi dan penyajian kembali laporan keuangan ||||| after change in accounting policy and restatement of financial statements Dividen| Dividends
Tahun Saldo Laba Ditahan Laba (Rugi) Bersih Dividen Tunai Jumlah Saham Dividen Dibayar Payout Ratio (Defisit)
Year Retained Earnings Net Profit (Loss) Cash Dividend Total Share Dividend Payment Payout Ratio (Deficit)
(Rp | IDR 000) (Rp | IDR 000) (Rp | IDR) (000 saham | shares) (Rp | IDR 000) (%)
Penawaran Saham Perdana 06-01-1990 11.100.000 11,10 Initial Pub lic Offering
Pencatatan Perusahaan 02-02-1996 37.000.000 37,00 Com p any Listing
Pem ecahan Nilai Nom inal Saham (@ Rp 500) 26-08-1996 74.000.000 37,00 Stock Split (@ IDR 500)
Saham Bonus 16-09-1996 207.200.000 103,60 Bonus Shares
Saham Divid en 23-08-1999 248.640.000 124,32 Divid end Shares
Pem ecahan Nilai Nom inal Saham (@ Rp 100) 18-10-2004 994.560.000 124,32 Stock Split (@ IDR 100)
Penawaran Um um Terbatas I 10-11-2004 2.331.000.000 233,10 1st Rights Issue (8:7)
Penawaran Um um Terbatas II 29-08-2007 3.787.875.000 378,79 2nd Rights Issue (8:5)
Pem belian Kem bali Saham (6.100.000) 17-11-2008 3.781.775.000 378,18 Share Buyback (6,100,000)
Penawaran Um um Terbatas III 02-02-2010 13.553.772.676 1.355,38 3rd Rights Issue (2:5)
Konversi Waran 31-12-2013 13.720.471.386 1.372,05 Warrant Conversion
Kronologi Pencatatan Saham | Share Listing Chronology
Catatan ||||| Notes: sudah termasuk saham konversi w aran ||||| includes shares from converted w arrants
IDX : UNSP Tanggal Saham Terakumulasi Nominal Terakumulasi
Obligasi| Bond
Perusahaan Anda sudah tidak m em iliki obligasi yang m asih beredar sejak tahun 2014.
Your Com pany did not have anym ore bonds traded in the m arket since 2014.
1. 1 Septem ber 2010 4.288.888,89
2. 1 Maret 2011 436.854,00
3. 1 Septem ber 2011 3.996.000,00
4. 1 Maret 2012 3.062.360,00
5. 1 Septem ber 2012 3.078.360,00
6. 1 Maret 2013 3.178.360,00
7. 1 Septem ber 2013 3.178.360,00
8. 1 Maret 2014 3.178.360,00
9. 1 Septem ber 2014
-10. 1 Maret 2015
-11. 1 Septem ber 2015
-Pembayaran Bunga Wesel Bayar| Paym ent of Equity-Linked Notes Interests
Tanggal | Date Jum lah | Am ount (USD)
SGX-ST 18 Februari 2010 100.000.000 8% p.a. / 7 years
Efek Lainnya
|
Other Securities:
Wesel Bayar| Equity-Linked Notes
Bu rsa Tanggal Pencatatan Jum lah (USD) Bunga / Jangka Waktu
Stock Exchange Listing Date Am ount (USD) Interest / Period
Komposisi Pemegang Saham| Shareholders’ Com position per 31/12/2015
Ju m lah Jumlah
Lem bar Saham Nominal (Rp 000) % Num ber of Shares Total (IDR 000)
Pem egang Saham Sh a reh o ld ers
Ha iya n t o 906.765.500 90.676.550 6,61
Credit Suisse AG, Singapore Branch
S/A Long Haul Holdings Ltd (MOU Facility) 430.000.000 43.000.000 3,13
PT Asuransi Jiwa Sinarm as MSIG 339.661.000 33.966.100 2,48
Meivel Hold ings Corp oration 320.396.500 32.039.650 2,34
PT Raja Dana Indonesia 305.000.000 30.500.000 2,22
Credit Suisse AG Singapore Trust/AC
Clien ts-2023904000 240.928.500 24.092.850 1,76
Reksa Dana Penyertaan Terbatas
Syailendra Multi Strategy Fund II 194.280.500 19.428.050 1,42
Reksadana HPAM Prem ium 1 180.000.000 18.000.000 1,31
PT Bakrie Kim ia Investam a 170.379.984 17.037.998 1,24
DBS Bank Ltd SG - PB Clients 157.732.000 15.873.200 1,16
Citibank New York SA Dim ensional
Em erging Market Value Fund 111.492.900 11.149.290 0,81
PT Petrom ine Energy Trading 77.275.000 7.727.500 0,56
PT Bakrie Capital Indonesia 17.314.530 1.731.453 0,13
Dana Pensiun Bakrie 4.500.000 450.000 0,03
PT Bakrie & Brothers Tbk 2.463.471 246.347 0,02
Koperasi Karyawan PT Bakrie Sum atera Plantations Tbk 1.087.500 108.750 0,01
PT Bakrie Investisindo 940.800 94.080 0,01
Masyarakat 10.259.253.201 1.025.925.321 74,76
Operational Excellence
Driven by Standardization
Pencap aian Keunggulan Op erasional m elalui Stand arisasiGREAT
RENCANA STRATEGIS
RENCANA STRATEGIS
Strategic Intent
Go! and Reach Extraordinary Achievement through Transformation
VISION
“To Be the Num ber One and Most Adm ired
Integ rated Ag ro-Business Com pany in Indonesia”
M ISSION “Nurture and Sustain the Wealth of Our Com m unity by Extracting the Optim um Value Creation through Environm entally Friend ly Op eration and Leveraging CORE Expertise in Multi
Crops and Global Op erat io n s” WHAT BUSINESS
ARE WE IN:
Integ rated Sustainab le
Agro-Business and Related Services
CORE VALUES • BSP is Our Hom e
• Initiative and Em powerm ent
with Accountab ility • Sense of Mission • Adaptive to and
Driving Change
Strateg y
Resu lt
FOCUS STRATEGIES: OLEO 1 . Develop & Sustain Operational
Exellen ce
2 . Nurture the Right Organization and Talent Pool
3 . Extend Strategic Sourcing Partners & Alt ern at ives
4 . Deliver Prom ised Service Rate
5 . Consistently Com ply with Industry Standard 6 . Partner with Reputable Funding Resources
(in line with Long Range Financial Road Map) 7 . Retain and Acquire Global Brand Endorser(s) FOCUS STRATEGIES: PALM & RUBBER
1 . Develop Right Land with Suitable Clim ate 2 . Nurture the Right Organization
and Talent Pool
3 . Build & Maintain Right Infrastructure 4 . Attain High Yield and Lowest
Com petitive Cost Position
5. Partner with Reputable Funding Resources 6 . Leverage and Expand Sizeable
Land Bank
Nomor Satu
Mencapai posisi sebagai perusahaan terbesar di Indonesia, berdasarkan ukuran total pendapatan.
Paling Dikagumi
Menjadi perusahaan yang ingin ditiru perusahaan lain, berkem bang dengan sistem dan kinerja operasional yang sem purna, serta m enjadi tolok ukur bagi industri, yang m em iliki tingkat ROE yang tinggi, Rating Perusahaan serta People Management yang baik.
Terintegrasi
Mem iliki lingkup usaha terbentang dari industri hulu (m elalui pengem bangan riset dan pengelolaan kebun) serta industri hilir (dengan pengem bangan operasi pem rosesan dasar m enjadi pem rosesan lebih lanjut).
Sektor Agrobisnis
Ruang lingkup usaha m eliputi aneka kom oditas serta produk turunannya.
Di Indonesia
Meskip u n akan t u m b u h secara g lo b al, n am u n fo ku s u t am a ad alah u n t u k m en ja d i p eru sa h a a n n o m o r sa t u d i sekt o r a g ro b isn is ya n g b ero p era si d i Ind onesia.
Visi dan Misi Perusahaan Anda telah disetujui oleh Direksi dan Dewan Kom isaris pada tahun 2010.
Your Com pany’s Vision and Mission have been approved by the Board of Directors and Board of Com m issioners in 2010.
Menjadi Perusahaan Agrobisnis
Terintegrasi Nomor Satu dan Paling
Dikagumi di Indonesia
VISI
vision
To be the Number One and M ost Admired Integrated Agro-Business Company in Indonesia
Number One
Reaching the position as the largest com pany in Indonesia, based on the revenue size.
M ost Admired
Being a com pany that others would like to em ulate, growing by excellent o p e ra t io n a l syst e m s a n d perform ance, as well as becom ing the industry standards, with high ROE, as w ell as g o o d Co m p an y Rat in g an d People Managem ent.
Integrated
Co ve rin g b u sin e ss lin e s fro m t h e upstream industry (through research d e ve lo p m e n t a n d p la n t a t io n m a n a g e m e n t ) t o t h e d o w n st re a m in d u st ry (w it h t h e d evelo p m en t o f b a sic p ro ce ssin g in t o a d va n ce processing operations).
Agro-Business
The scope of business covers m ulti-com m odities and derivatives.
In Indonesia
M engembangkan dan M enjaga
Kesinambungan
Perusahaan Anda m em bina m anfaat ekonom is bagi kom unitas internal dan eksternal. Kom unitas internal m encakup karyawan dan keluarga m e re ka , se rt a in ve st o r. Ko m u n it a s e kst e rn a l m e n ca ku p se lu ru h pem angku kepentingan yang m engem bangkan hubungan ekonom is yang saling m enguntungkan dengan Perusahaan Anda.
Nilai Optimal
Perusahaan Anda m em peroleh nilai tam bah ekonom is dalam sem ua p ro ses ran t ai n ilai g u n a m en cap ai ekst raksi p en cip t aan n ilai yan g op tim al.
Ramah Lingkungan
Pe ru sa h a a n An d a m e m a t u h i best pract ices in d u st ri d a la m h a l lingkungan dan sosial. Indikator yang relevan digunakan seperti ISPO dan RSPO Com pliance, CSR Rating, EHS Rating, dan ISO 14001.
Keahlian Kunci
Perusahaan Anda m em iliki Sum ber Daya Manusia, proses bisnis, sistem dan teknologi yang unggul; serta terus m engadakan penelitian dan p engem b angan untuk m eningkatkan hasil d ari keb un d an fasilitas p e m ro se sa n ya n g d im iliki d e n g a n d id u ku n g o le h know ledge management yang baik.
M ulti Tanaman dan Operasi Global
Perusahaan Anda m engem bangkan agrobisnis m ulti kom oditas dan
Nurture and Sustain the Wealth of Our Com m unity by Extracting the Optim um Value Creation through Environm entally Friendly Operations and Leveraging Core Exp e rt ise in Mu lt i-Cro p s a n d Glo b a l Op erat io n s
MISI
m ission
Mengembangkan dan Menjaga
Kesinambungan Kesejahteraan
Komunitas dengan Melakukan
Ekstraksi Penciptaan Nilai Optimal
melalui Kegiatan Operasional yang
Ramah Lingkungan dan
Memanfaatkan Keahlian Kunci
dalam Operasi Multi Tanaman
dan Operasi Global
Nurture and Sustain
Yo u r Co m p a n y n u rt u re s e co n o m ic benefits for both internal and external com m unities. The internal com m unity includes em ployees and their fam ilies, a s w e ll a s in ve st o rs. Th e e xt e rn a l com m unity com prises all stakeholders having m utual econom ic relations with Your Com pany.Optimum Value
Your Com p any g ains econom ic value a d d ed in every p ro cess o f t h e va lu e ch a in t o ext ra ct t h e o p t im u m va lu e creation.
Environment-Friendly
Yo u r Co m p a n y co m p lie s w it h t h e in d u st ry’s b e st p ra ct ice s in b o t h e n viro n m e n t a l a n d so cia l issu e s. Releva n t in d ica t o rs u sed in clu d e t h e ISPO and RSPO Com pliance, CSR Rating, EHS Rating, and ISO 14001.Core Expertise
Yo u r Co m p a n y h a s excellen t Hu m a n Resources, business processes, system s and applied technologies; and persists to conduct research and developm ent a ct ivit ie s t o e n h a n ce t h e yie ld s o f current estates and processing facilities, su p p o rt e d b y g o o d kn o w le d g e m anagem ent.
M ult i-Crops and Global
Operations
SERTIFIKASI
Certifications
SERTIFIKASI SISTEM
Stand ar
ISO 9001:2008
ISO 14001:2004
SM K3
RSPO
SCCS
ISPO
SJH
(Sistem Jaminan Halal)
SNI 06-1903-2000 Standard Indonesia Rub b er
SNI ISO 9001:2008
OHSAS 18001:2007
PROPER SERTIFIKASI
PRODUK
SERTIFIKASI KETENAGAKERJAAN
PROGRAM LINGKUNGAN
Unit Tang g al Tang g al
Dikeluarkan Berakhir
JOP 19/05/2015 18/05/2018
GLP 29/02/2012 05/01/2015
Corporate Jakarta 20/02/2012 19/02/2015
Kisaran 15/09/2015 30/04/2018
AMM/AGW 02/08/2012 01/08/2015
SNP 15/10/2012 14/10/2015
FSC Tanjung Morawa 29/04/2014 24/04/2017
HIM 10/06/2011 09/06/2017
HIM 10/03/2014 09/03/2017
Kisaran 30/04/2014 21/04/2017
JOP 19/05/2015 18/05/2018
Corporate Jakarta 20/02/2012 19/02/2015
AMM/AGW 02/08/2012 02/08/2015
BPP Pasam an 03/12/2012 25/10/2015
SNP 15/10/2012 14/10/2015
AM 09/12/2013**
Kisaran 31/08/2015 30/08/2018
Kisaran 03/11/2015 02/11/2020
AMM/AGW 28/08/2012 27/08/2017
Kisaran 03/11/2015 02/11/2020
AMM/AGW 28/08/2012 27/08/2017
AMM/AGW 16/01/2014 15/01/2019
Kisaran 17/06/2015 16/06/2020
BPP Pasam an 17/06/2015 17/06/2020
Kisaran 17/07/2013 16/07/2015
GLP 17/07/2013 16/07/2015
AMM/AGW 17/07/2013 16/07/2015
Kisaran 23/09/2013 10/09/2017
Kisaran 15/09/2015 30/04/2018
HIM 10/07/2013 24/06/2017
JOP Factory 05/03/2014 04/03/2017
JOP 23/04/2011 04/2017
Kisaran 12/04/2012 15/01/2015
SNP 15/10/2012 14/10/2015
AMM/AGW 03/11/2014 06/04/2017
HIM 10/06/2011 09/06/2017
Kisaran Biru 20/11/2015
UPSTREAM WILAYAH 2 Ad hika And rayud ha Bakrie
DIRECTOR IN CHARGE Ad hika And rayud ha Bakrie
STRUKTUR ORGANISASI
AREA JAMBI 1 Zulsony Id ial
AREA JAMBI 2
Toga Sim am ora Udijanto Eko SantosaAREA KALSEL AREA SUMUT 2
Dedy Pranoto
AREA BENGKULU 1
Bangar Siagian AREA BENGKULU 2Ed ison Sem b iring AREA LAMPUNGDwi Hartono
PROCUREMENT Bam bang S. Laksanawan
AGRONOMY INSPECTORATE RUBBER
M. Idris
TANJUNG MORAWA PLANT Ahm ad Sahnan Matondang
DOWNSTREAM DEVELOPMENT Tutik Herlina Mahendratto
FINANCE & REPORTING DOWNSTREAM Raharyanto Susilo
PROJECT & ENGINEERING Soeseno Soep arm an*
SEED GARDEN
Taufiq Tarigan R. Atok HendrayantoJV ASD
KALTENG IGI Bam bang S. Laksanawan
FINANCE & REPORTING BUSDEV & SIP Wawan Sulistyawan
FINANCIAL ACCOUNTING & REPORTING Lam b as Sitom p ul
MANAGEMENT ACCOUNTING & CONTROL
Ku rn iaw an
Organizational Structure
INVESTOR RELATION TBD
STRATEGIC INVESTMENT PORTFOLIO Gatot S.Harsono
UPSTREAM 1 UPSTREAM 2
UPSTREAM
* diklasifikasikan sebagai aset yang tersedia untuk dijual
classified as assets held for sale
AREA OPERASI
Area of Operations
Kuala Tanjung: Oleochemical Complex
Lokasi | Location : Kuala Tanjung Luas Area | Area :
Manufacturing and Facilities : 113,4Ha
Tanjung M oraw a: Fatty Acid Plant FSC
Lokasi | Location : Tanjung Morawa Luas Area | Area :
Manufacturing and Facilities : 7Ha
Sumbar| West Sumatra BPP, CCI
Lokasi | Location :
• BPP Pasam an • CCI Pesisir Selatan Luas Lahan | Field Area :
• Sawit | Palm 10.773Ha • Plasm a Sawit | Palm Plasm a 6.304Ha
Sumut 2| North Sumatra 2 GLP
Lokasi | Location : Labuhan Batu Luas Lahan | Field Area :
• Sawit | Palm 7.728Ha
Bengkulu 1 AM
Lokasi | Location :
• AM Ketahun Luas Lahan | Field Area :
• Karet | Rubber 2.610Ha
Bengkulu 2 JOP
Lokasi | Location :
• JOP Bengkulu Utara Luas Lahan | Field Area :
• Karet | Rubber 2.298Ha
Lampung HIM
Lokasi | Location : Tulang Bawang Luas Lahan | Field Area :
• Karet | Rubber 3.529Ha
DOWNSTREAM
Sumut 1| North Sumatra 1 BSP
Lokasi | Location : Asah an Luas Lahan | Field Area :
• Sawit | Palm 9.897Ha • Karet | Rubber 10.858Ha
Jambi 1 AGW/AM M
Lokasi | Location :
• AGW/AMM Tanjung Jabung Barat Luas Lahan | Field Area :
• Sawit | Palm 4.418Ha • Plasm a Sawit | Palm Plasm a 7.701Ha
Jambi 2 SNP
Lokasi | Location :
• SNP Muaro Jam bi Luas Lahan | Field Area :
• Sawit | Palm 7.039Ha
Kalsel| South Kalimantan M IB
Lokasi | Location : Banjar Baru Luas Lahan | Field Area :
• Sawit | Palm 6.054Ha
EM AL, JAW *
Luas Lahan | Field Area :
AIRPL
GFII ARBV
Solegna
AI
100,00% 100,00% 75,00% 100,00%
25,00%
BSPF BPP AM M SNP GLP ASD BRBE
M IB CCI Fordway AM
BSPN
HIM AGW BSPL
Bookwise
NAM
DAIP FSC SIP DSIP
SM AP DAP
99,60%
0,40%
BSEP
IKP
85,00%
JOP
M M R
95,31%
M M L
62,50%
4,69% 37,50%
M M M PBJ TSP PP EM AL JAW
99,99% 99,99% 99,99% 95,00% 99,99% 99,99% 99,95% 99,99% 100,00%
99,99% 99,99% 13,15% 100,00% 99,88% 99,99% 99,94% 99,99% 100,00%
100,00% 96,55% 100,00% 99,76% 99,93% 85,00% 99,99% 99,99% 100,00% 50,00% 70,00% 100,00% 99,99%
BSP
STRUKTUR USAHA
Business Structure
Tahun Operasi
Ko m ersia l Persentase Kep em ilikan Year of Percentage of Ownership
Entitas anak Lo kasi Kegiatan Usaha Utam a Co m m ercial 2015 2014
Su b sid iaries Do m icile Princip al Activities Op erat io n (%) (%)
Kepemilikan saham secara langsung | Direct Ow nership
Agri International Resources Pte. Ltd. Singapura Perusahaan investasi 2007 100,00 100,00 (AIRPL) Singapore Investment company
Agri Resources B.V. (ARBV) Belanda Perusahaan investasi 2007 25,00 25,00
Netherlands Investment company
BSP Finance B.V. (BSPF) Belanda Jasa keuangan 2006 100,00 100,00
Netherlands Financial services
PT Agro M itra M adani (AM M ) Jambi Pengolahan minyak kelapa saw it 2004 85,00 85,00
Oil palm processing
PT Agrow iyana (AGW) Jambi Perkebunan kelapa saw it 1998 99,93 99,93
Oil palm plantations
PT Bakrie Pasaman Plantations (BPP) Sumatera Barat Perkebunan kelapa saw it 1998 99,76 99,76
West Sumatra dan pengolahan minyak kelapa saw it
Oil palm plantations and processing
PT Bakrie Rekin Bio Energy (BRBE) Batam Produksi Bio-diesel - 70,00 70,00
Bio-diesel production
PT Grahadura Leidongprima (GLP) Sumatera Utara Perkebunan dan pengolahan 2000 99,99 99,99
North Sumatra kelapa saw it
Oil palm plantations and processing
PT Huma Indah M ekar (HIM ) Lampung Perkebunan dan pengolahan karet 1992 96,55 96,55
Rubber plantations and processing
PT Nibung Arthamulia (NAM ) Palembang Pengolahan dan perdagangan hasil 2002 99,99 99,99 perkebunan karet
Processing and trading of rubber plantations crop
PT Sumbertama Nusapertiw i (SNP) Jambi Perkebunan dan pengolahan 2005 99,99 99,99 kelapa saw it
Oil palm plantations and processing
BSP Netherlands Finance B.V. (BSPN) Belanda Perusahaan investasi 2010 100,00 100,00
Netherlands Investment company
BSP Liberia B.V. (BSPL) Belanda Perusahaan investasi - 100,00 100,00
Netherlands Investment company
PT ASD-Bakrie Oil Palm Seed Indonesia Sumatera Utara Produksi, pemrosesan, distribusi 2011 50,00 50,00
North Sumatra dan penjualan benih
Production, processing, distribution and sale of seeds
Kepemilikan saham secara tidak langsung | Indirect Ow nership
M elalui Agri International Resources Pte. Ltd. ||||| through Agri International Resources Pte. Ltd.
Agri Resources B.V. (ARBV) Belanda Perusahaan investasi 2007 75,00 75,00
Netherlands Investment company
Agri International Finance B.V. (AI) Belanda Jasa keuangan 2007 100,00 100,00
Netherlands Financial services
M elalui PT Nibung Arthamulia ||||| through PT Nibung Arthamulia
Bookwise Investment Ltd. (Bookwise) Kep. Virgin Britania Raya Jasa keuangan 2009 100,00 100,00
British Virgin Islands Financial services
PT Domas Saw itinti Perdana (DSIP) Sumatera Utara Pengolahan minyak inti saw it - 99,99 99,99
North Sumatra Palm kernel oil processing
PT Flora Saw ita Chemindo (FSC) Sumatera Utara Pengolahan fatty acid 2008 99,99 99,99
North Sumatra Fatty Acid manufacturing
PT Sarana Industama Perkasa (SIP) Sumatera Utara Pengelolaan kaw asan industri - 99,94 99,94
North Sumatra Industrial estate management
PT Domas Agrointi Perkasa (DAIP) Sumatera Utara Pengolahan olein - 99,88 99,88
North Sumatra Olein processing
PT Domas Agrointi Prima (DAP) Sumatera Utara Produksi fatty alcohol 2011 100,00 100,00
Tahun Operasi
Ko m ersia l Persentase Kep em ilikan Year of Percentage of Ownership
Entitas Anak Lo kasi Kegiatan Usaha Utam a Co m m ercial 2015 2014
Su b sid iaries Do m icile Princip al Activities Op eratio n (%) (%)
Notes:
(-) Belum beroperasi ||||| Non-operating
Kepemilikan saham secara tidak langsung | Indirect Ow nership M elalui PT Domas Agrointi Prima ||||| through PT Domas Agrointi Prima
PT Saw itmas Agro Perkasa (SM AP) Sumatera Utara Industri oleokimia - 99,60 99,60
North Sumatra Processing industry oleochemical
M elalui PT Grahadura Leidongprima ||||| through PT Grahadura Leidongprima
Fordways Management Ltd. (Fordway) Kep. Virgin Britania Raya Jasa keuangan 2009 100,00 100,00
British Virgin Islands Financial services
PT Citalaras Cipta Indonesia (CCI) Sumatera Barat Perkebunan kelapa saw it 2010 99,99 99,99
West Sumatra Oil palm plantations
PT M onrad Intan Barakat (M IB) Kalimantan Selatan Perkebunan kelapa saw it - 99,95 99,95
South Kalimantan Oil palm plantations
PT Julang Oca Permana (JOP) Bengkulu Perkebunan karet 2004 99,99 99,99
Rubber plantations
M elalui PT Julang Oca Permana ||||| through PT Julang Oca Permana
PT Inti Kemitraan Perdana (IKP) Bengkulu Perkebunan karet - 85,00 85,00
Rubber plantations
M elalui Agri Resources B.V. ||||| through Agri Resources B.V.
Great Four International M auritius Perusahaan investasi 2000 100,00 100,00 Investments Co. Ltd. (GFII) Investment company
Solegna B.V. (Solegna) Belanda Perusahaan investasi 2006 100,00 100,00
The Netherlands Investment company
M elalui Great Four International Investment Co. Ltd. ||||| through Great Four International Investment Co. Ltd.
PT Eramitra Agrolestari (EM AL) Jambi Perkebunan kelapa saw it 1997 99,99 99,99
Oil palm plantations
PT Jambi Agrow ijaya (JAW) Jambi Perkebunan kelapa saw it 1999 99,99 99,99
Oil palm plantations
M elalui Solegna B.V. ||||| through Solegna B.V.
PT M ultrada M ulti M aju (M M M ) Sumatera Selatan Perkebunan kelapa saw it 1997 99,99 99,99
South Sumatra Oil palm plantations
PT Padang Bolak Jaya (PBJ) Sumatera Selatan Perkebunan kelapa saw it 1998 99,99 99,99
South Sumatra Oil palm plantations
PT Perjapin Prima (PP) Sumatera Selatan Perkebunan kelapa saw it 1997 95,00 95,00
South Sumatra Oil palm plantations
PT Trimitra Sumberperkasa (TSP) Sumatera Selatan Perkebunan kelapa saw it 2000 99,99 99,99
South Sumatra Oil palm plantations
M elalui PT Huma Indah M ekar ||||| through PT Huma Indah M ekar
PT Air M uring (AM ) Bengkulu Perkebunan dan pengolahan karet 1998 99,99 99,99
SAMBUTAN DEWAN KOMISARIS
Message from the BOC
Soedjai Kartasasmita
Kom isaris Utam a & Kom isaris Independen
Pem egang Saham Yang Terhorm at
Ba g i in d u st ri p e rke b u n a n , t a h u n 2 0 1 5 m e ru p a ka n t a h u n ya n g d ilip u t i b erb a g a i t a n t a n g a n b esa r ya n g b elum p ernah d ialam i seb elum nya sep anjang sejarah industri ini. Merupakan kondisi yang serba sulit, nam un kita patut bersyukur dengan adanya dukungan tenaga kerja yang berdedikasi serta sum ber daya m anusia yang kom peten dan inovatif guna m endapatkan solusi atas berbagai ham batan yang dihadapi di bidang finansial serta di lapangan.
Terdapat em pat hal yang m enjadi tantangan utam a di t a h u n 2 0 1 5 . Pe rt a m a , m e la m b a t n ya p e rt u m b u h a n ekonom i d unia; ked ua, kem arau yang leb ih p anjang yan g d iseb ab kan o leh efek El Nin o yan g leb ih b erat d ib and ing kan d i m asa lam p au; ketig a, jatuhnya nilai Rupiah; serta keem pat, tren penurunan harga m inyak b um i. Pad a kenyataannya, keem p at tantang an b esar yang terjad i d alam satu m asa sep erti d i tahun 2015
Dear Sharehold ers,
The year 2015 was for the plantation industry a year full of m ajor challeng es never exp erienced b efore in the ind ustry’s history. It was a really d ifficult situation, but thanks to the highly dedicated workforce supported by com petent and innovative personnel, solutions could b e found for p rob lem s arising in the financial sector and in the fields as well.
There w ere four m ajor challeng es in 2015. First, the slowing down of the world’s econom y; second, a longer drought caused by El Nino m ore severe this tim e than in the past; third, the decrease of the value of Rupiah; and fourth, the downward trend of the price of crude o il. As a m a t t e r o f fa ct , t h e fo u r b ig ch a lle n g e s appearing in the sam e year like in 2015 have never been experienced before in the plantation industry’s history.
Kita patut bersyukur dengan adanya dukungan
tenaga kerja yang berdedikasi serta sumber daya
manusia yang kompeten dan inovatif guna
mendapatkan solusi atas berbagai hambatan yang
dihadapi di bidang finansial serta di lapangan
The slow ing d ow n of the w orld ’s econom ic g row th, particularly in China and India, two largest im porting co u n t rie s fo r p la n t a t io n p ro d u ct s, h a ve le d t o a d rastically d ecreasing d em and which resulted in over supply of palm products, which eventually caused the decrease of CPO prices down to the lowest level in the la st five ye a rs, i.e . USD 5 0 3 .1 6 p e r m e t ric t o n b y Novem b er 2015.
The extrem ely dry clim ate throughout the year caused by El Nino w as another m ajor p rod uction constraint for the p lantation ind ustry in 2015, and further led to the decrease in production levels in the first quarter of 2016.
In term s of Indonesia’s dom estic econom ic condition, the decline of Rupiah to US Dollar exchange rate did not only triggered the rise of production costs, but also fostered great financial burdens for Your Com pany.
The sharp decrease of world oil prices down to the level lo w e r t h a n USD 5 0 p e r b a rre l h a d sig n ifica n t ly contributed to the decrease of CPO prices, pertaining to the positive correlation between the prices of those co m m o d it ies.
Performance of the Board of Directors
We are grateful that Your Com pany was able to cope with the uneasy challenges throughout the year 2015, ensuring current and future business sustainability. We see that the Board of Directors and Your Com p any’s em ployees had done their utm ost for the best interest of Your Com pany. Your Com pany’s Board of Directors also ensured com pliance to environm ental regulations, a s sh o w n b y t h e co m p le t io n o f RSPO a n d ISPO ce rt ifica t io n s in a n u m b e r o f e st a t e s w it h in Yo u r Co m p an y o p eratio n al areas. Hen ce, Yo u r Co m p an y’s reputation was not tarnished by incidents jeopardizing the Indonesian palm industry, such as forest and peat soil fires in various areas in Sum atra and Kalim antan.
Pertaining to the decrease of palm and rubber prices and the slow econom ic g row th in various countries, the Board of Directors took the right poisition to rem ain
Perlam b atan p ertum b uhan ekonom i d unia, terutam a yang dialam i China dan India, dua negara pengim por t e rb e s a r h a s il p e rke b u n a n , t e la h m e n ye b a b ka n p e n u ru n a n p e rm in t a a n ya n g cu ku p d ra st is ya n g m engakibatkan penum pukan persediaan produk sawit, yang pada akhirnya berdam pak pada penurunan harga CPO sam pai pada titik terendah dalam 5 tahun terakhir ini, yaitu m encap ai USD 503,16 p er m etrik ton p ad a Novem b er 2015.
Iklim kem arau p anjang yang terjad i sep anjang tahun akibat El Nino, m erupakan ham batan lain bagi produksi in d u s t ri p e rke b u n a n p a d a t a h u n 2 0 1 5 , s e rt a berdam pak pada rendahnya produksi kuartal pertam a tahun 2016.
Sem entara dari sisi kondisi perekonom ian dalam negeri Indonesia, jatuhnya nilai tukar Rupiah atas m ata uang Do la r Am e rika se la in m e m icu p e n in g ka t a n b ia ya p rod uksi, juga m em b erikan d am p ak yang b esar b agi beban keuangan Perusahaan Anda.
Pen u ru n a n t a ja m h a rg a m in ya k b u m i d u n ia sa m p a i p ad a titik yang leb ih rend ah d ari USD 50 p er b arrel, t u ru t m e m b e rika n ko n t rib u si ya n g sig n ifika n p a d a penurunan harga m inyak sawit, terkait adanya korelasi positif di antara harga kedua kom oditi tersebut.
Kinerja Direksi
Rasa syukur kam i atas kem am puan Perusahaan Anda u n t u k m e n g h a d a p i t a n t a n g a n ya n g t id a k m u d a h sep a n ja n g t a h u n 2015 d em i m en ja g a keb erla n ju t a n usahanya saat ini dan di m asa m endatang. Kam i m enilai b ah w a Direksi d an p ara karyaw an Peru sah aan An d a telah m em berikan upaya terbaiknya dem i kepentingan Perusahaan Anda. Direksi Perusahaan Anda tetap patuh p ad a kaid ah-kaid ah lingkungan d engan d ip erolehnya sertifikasi RSPO d an ISPO p ad a sejum lah p erkeb unan d i lin g ku n g a n Pe ru sa h a a n An d a . De n g a n d e m ikia n n a m a b a ik Pe ru sa h a a n An d a t id a k t e rce m a r o le h kejadian-kejadian yang dapat m erusak reputasi industri kelap a saw it In d o n esia sep erti keb akaran h u tan d an lahan gam b ut d i b erb agai kawasan d i Sum atera d an Kalim an t an .
cautious and alert towards possible new developm ents which could offer opportunities apart from challenges.
The efforts to increase purchases of fresh fruit bunches (FFB) from palm farm ers as well as latex from rubber farm ers were part of the strategic breakthroughs in Your Com pany’s efforts to cope with production lim itations. The results have b een p ositive for Your Com p any, in b o t h so cial an d fin an cial t erm s, as can b e o b served through the contribution to Your Com pany significant gross incom e and gross profit in 2015.
An o t h e r b re a kt h ro u g h co n d u ct e d b y t h e Bo a rd o f Dire ct o rs h a d b e e n t h e a t t e m p t t o a cce le ra t e t h e certification for the 4 new prem ium palm varieties (DxP Sp rin g , DxP Th em b a , DxP CR Su p rem e a n d DxP CR Ova n e ) p ro d u ce d b y t h e se e d g a rd e n o f t h e jo in t venture com pany ASD-BSP JV. Co. in Kisaran. Th ose new varieties are superior in various aspects: short im m ature period – 2 (two) years instead of 3 (three) years – and p otentially high p rod uctivity levels. It is good for the reputation of Your Com pany that those 4 varieties have been approved by the Governm ent for application in n e w p la n t in g o r re p la n t in g p ro g ra m m e s. It is t h e intention of Your Com pany that those 4 varieties will be offered for sale to oil palm sm allholders as well as to m id-size and big com panies.
Th e va st ra n g e o f b rea kt h ro u g h s co n d u ct ed b y t h e Board of Directors, including the efforts for effectiveness a n d efficien cy en h a n cem en t in t h e p la n t a t io n s a n d p ro ce ssin g p la n t s, a s w e ll a s t h e fo cu s o n h u m a n resources com petency developm ent, have helped Your
m enghadapi segala kem ungkinan perkem bangan baru ya n g d a p a t m e m b a w a p e lu a n g d ib a lik b e rb a g a i tantangan yang dihadapi.
Up a ya m en in g ka t ka n p em b elia n t a n d a n b u a h seg a r (TBS) dari petani sawit m aupun lateks dari petani karet m e ru p a ka n b a g ia n d a ri t e ro b o sa n st ra t e g is d a la m upaya Perusahaan Anda untuk m engatasi keterbatasan p rod uksi. Hal ini telah m em b erikan hasil p ositif b ag i Perusahaan Anda, baik sosial m aupun finansial, seperti dapat dilihat dari kontribusinya pada pendapatan dan laba kotor Perusahaan Anda yang cukup signifikan di tahun 2015.
Pa d a b id a n g la in , t ero b o sa n ya n g d ila ku ka n Direksi adalah upaya m em percepat perolehan sertifikasi untuk 4 varietas kelapa sawit baru (DxP Spring, DxP Them ba, DxP CR Sup rem e d an DxP CR Ovane) yang d ihasilkan oleh kebun bibit m ilik usaha patungan ASD-BSP JV. Co. di Kisaran. Em pat varietas baru ini m em iliki kelebihan d a la m b eb era p a a sp ek: u sia t a n a m a n m en g h a silka n yang relatif m uda - 2 (dua) tahun dari sebelum nya 3 (tiga) tahun – d an p otensi tingkat p rod uktivitas yang tinggi. Merupakan reputasi yang baik bagi Perusahaan And a b ahw a keem p at varietas b ib it ung g ul ini telah m em peroleh persetujuan Pem erintah untuk penerapan d a la m p ro g ra m p e n a n a m a n b a ru d a n rep lant ing. Perusahaan Anda m enargetkan 4 varietas baru ini untuk p e n ju a la n b a g i p e rke b u n a n ra kya t u m u m m a u p u n perusahaan perkebunan skala m enengah dan besar.
Berb agai terob osan yang d ilakukan Direksi, term asuk u p a ya p e n in g ka t a n e fe kt ivit a s d a n e fis ie n s i d i perkebunan dan pabrik pengolahan, serta fokus pada u p a ya p e n g e m b a n g a n ko m p e t e n si su m b e r d a ya m a n u sia , m em b u a t kin erja o p era sio n a l Peru sa h a a n
Terobosan lain yang dilakukan Direksi adalah upaya
mempercepat perolehan sertifikasi untuk 4 varietas
kelapa sawit baru - DxP Spring, DxP Themba, DxP CR
Supreme dan DxP CR Ovane.
Com pany to show operational perform ance which are not too far from the expectation, am idst the intensity of the current challenges. Nevertheless, a num ber of constraints in 2015 have also hind ered the Board of Directors’ efforts to m anifest the revitalization of the Oleochem icals seg m ent.
Another im p ortant achievem ent was an outstand ing perform ance in the developm ent of social relations with lo ca l co m m u n it ies, b o t h in t h e en viro n m en t a l a n d ed u ca t io n a l sect o rs, w h ich even t u a lly b en efit s b o t h p a rt ie s . Th is ca n b e s e e n b y Yo u r Co m p a n y accom plishm ent in 2015 to receive the CSR Award 2014 in 3 p ro g ram cat eg o ries, n am ely t h e en viro n m en t al m an ag em en t act ivit ies in Jam b i Un it , t h e Ad iw iyat a school program with environm entally-based curriculum in Su m b a r Un it , a n d t h e e m p lo ye e co o p e ra t ive s program in Jakarta Unit.
Changes in the Board of Commissioners Yo u r Co m p an y An n u al GMS h eld o n Ju n e 25, 2015 ap p o in t ed Ad ika Nu rag a Bakrie as Co m m issio n er t o replace Eddy Soeparno who resigned in 2015 due to an external assignm ent.
As such, b ased on the d ecision of the Annual GMS, Yo u r Co m p a n y Bo a rd o f Co m m issio n e rs re m a in s m anned by 6 (six) Com m issioners, including 3 (three) Independent Com m issioners, as follows:
Soedjai Kartasasm ita, Independent Com m issioner and Presid ent Com m issioner
Bobby Gafur S. Um ar, Com m isioner and Vice President Co m m issio n er
Bungaran Saragih, Ind ep end ent Com m issioner Anton Ap riyantono, Ind ep end ent Com m issioner Anindya Novyan Bakrie, Com m issioner
Adika Nuraga Bakrie, Com m issioner
Performance of the Supporting Committees In perform ing the task and responsibilities in 2015, Your Com pany Board of Com m issioners had been supported b y t h e Au d it Co m m it t e e w h ich e n s u re d t h e effectiveness of the internal control system (includ ing t h e p re p a ra t io n s fo r t h e im p le m e n t a t io n o f t h e En t e r p r is e Re s o u r ce Pr o g r a m ) a s w e ll a s t h e effectiveness of the internal and external auditors’ task p e rfo rm a n ce ; t h e No m in a t io n a n d Re m u n e ra t io n Co m m it t ee w h ich m o n it o red t h e d evelo p m en t a n d
Anda tidak terlalu jauh dari harapan, di tengah besarnya t a n t a n g a n ya n g d ih a d a p i. Wa la u d ia ku i, b e rb a g a i h a m b a t a n ya n g t e rja d i p a d a t a h u n 2 0 1 5 ju g a m e n ye b a b ka n Dire ksi b e lu m d a p a t m e re a lisa sika n revitalisasi segm en Oleokim ia.
Hal p en tin g lain n ya ad alah kin erja yan g san g at b aik dalam pem binaan hubungan sosial dengan m asyarakat se t e m p a t , b a ik d a la m b id a n g lin g ku n g a n m a u p u n p e n d id ika n , ya n g p a d a a kh irn ya m e m b e rika n keu n t u n g a n b a g i ked u a b ela h p ih a k. Terb u kt i p a d a tahun 2015 Perusahan Anda m endapatkan CSR Award 2014 d alam 3 kateg o ri p ro g ram n ya, yaitu keg iatan pengelolaan lingkungan di Unit Jam bi, layanan sekolah berbasis lingkungan (Adiwiyata) di Unit Sum bar, serta program koperasi karyawan di Unit Jakarta.
Perubahan Susunan Komisaris
RUPS Tahunan Perusahaan Anda yang diadakan pada tanggal 25 Juni 2015 m enyetujui pengangkatan Adika Nuraga Bakrie sebagai Kom isaris untuk m enggantikan Ed d y So ep a rn o ya n g t ela h m en g u n d u rka n d iri p a d a t a h u n 2 0 1 5 t e r ka it d e n g a n p e n u g a s a n d i lu a r Perusahaan And a.
De n g a n d e m ikia n , b e rd a sa rka n ke p u t u sa n RUPS Ta h u n a n t erseb u t , Peru sa h a a n An d a t et a p m em iliki 6 (e n a m ) Ko m isa ris, t e rm a su k 3 (t ig a ) Ko m isa ris Independen, dengan susunan sebagai berikut: So e d ja i Ka rt a sa sm it a , Ko m isa ris In d e p e n d e n d a n Kom isaris Utam a
Bob b y Gafur S. Um ar, Kom isaris d an Wakil Kom isaris Ut a m a
Bungaran Saragih, Kom isaris Independen Anton Apriyantono, Kom isaris Independen Anindya Novyan Bakrie, Kom isaris
Adika Nuraga Bakrie, Kom isaris
Kinerja Komite Pendukung Dew an Komisaris
Atas nam a Dewan Kom isaris
On behalf of the Board of Com m issioners
Soedjai Kartasasmita
Kom isaris Utam a & Kom isaris Independen
President Com m issioner & Independent Com m issioner
sam pai proses pem antauan); Kom ite Manajem en Risiko yang telah m em astikan terlaksananya penerapan sistem
Ent erprise Risk M anagement; Ko m it e In vest a si ya n g t ela h m ela ksa n a ka n p en g a w a sa n a t a s im p lem en t a si keb ija ka n , st ra t eg i d a n p ro g ra m in vest a si fin a n sia l, terutam a terkait perlunya restrukturisasi keuangan serta u p a ya m e m b a n g u n h u b u n g a n d e n g a n m it ra ke rja p o t e n sia l u n t u k se g m e n Ole o kim ia ; se rt a Ko m it e Ling kung an & Hub ung an Sosial yang telah b erp eran penting dalam m elaksanakan upaya untuk m em perkuat jaring an kom unikasi sosial yang telah ad a, terutam a terkait dengan kondisi yang penuh gejolak (ekonom i, sosial dan lingkungan) di tahun 2015.
Apresiasi
Dalam kesem patan ini, Dewan Kom isaris m engucapkan t erim a ka sih a t a s d u ku n g a n d a n kep erca ya a n ya n g tinggi yang diberikan oleh para pem egang saham dan pem angku kepentingan, sehingga Direksi dapat bekerja d e n g a n b a ik d a la m m e n g h a d a p i t a n t a n g a n ya n g d ih a d a p i d i t a h u n 2 0 1 5 . De w a n Ko m isa ris ju g a m en ya m p a ika n t erim a ka sih kep a d a Ed d y So ep a rn o untuk seg ala kontrib usi yang telah d ib erikan selam a m enjabat sebagai Kom isaris Perusahaan Anda sam pai tahun 2015.
Akh ir ka t a , De w a n Ko m isa ris ju g a m e n ya m p a ika n a p r e s ia s i ya n g t in g g i ke p a d a Dir e ks i a t a s ke p e m im p in a n n ya ; ju g a ke p a d a se lu ru h st a f d a n karyawan, serta tenaga kerja di perkebunan, atas segala kerja kerasnya dalam upaya peningkatan efisiensi dan e fe kt ivit a s d e m i m e n ja g a ke b e rla n ju t a n u s a h a p eru sa h a a n .
im p le m e n t a t io n o f re la t e d syst e m s (in clu d in g t h e co m p e t e n cy crit e ria fo rm u la t io n p ro ce ss u p t o t h e m onitoring process); the Risk Managem ent Com m ittee w hich ensured the ap p lication of the Enterp rise Risk Managem ent system ; the Investm ent Com m ittee which m o n it o red t h e im p lem en t a t io n o f fin a n cia l p o licies, strategies and investm ent program s, particularly with regard s to the need for financial restructuring as well as efforts to estab lish relations with p otential b usiness partners in the Oleochem icals segm ent; as well as the En viro n m en t a n d So cia l Rela t io n s Co m m it t ee w h ich p la ye d im p o rt a n t ro le s in st re n g t h e n in g t h e so cia l co m m u n ica t io n n e t w o rk, e sp e cia lly in re g a rd s o f u n ce r t a in co n d it io n s (e co n o m ic, s o cia l a n d environm ental) in 2015.
Appreciation
In conclusion, the Board of Com m issioners extend their gratitude for the support and trust of the shareholders and stakeholders, which m ade it possible for the Board o f Dire ct o rs t o p e rfo rm w e ll in co p in g w it h t h e challenges in 2015. The Board of Com m issioners also wish to express their warm gratitude to Eddy Soeparno for all contrib utions d uring his term of office as Your Com pany Com m issioner until 2015.
LAPORAN DIREKSI
Report of the Board of Directors
Para Pem angku Kepentingan yang kam i horm ati,
Tahun 2015 m erupakan tahun yang penuh tantangan b ag i in d u st ri p erkeb u n an saw it d an karet , t eru t am a karen a b eb erap a fakt o r ekst ern al yan g t erjad i d ilu ar ke n d a li. Iklim ya n g ku ra n g b e rsa h a b a t m e ru p a ka n fa kt o r ya n g p a lin g d o m in a n d i t a h u n 2015. Ha l in i terkait dengan adanya fenom ena El Nino yang m em icu t erja d in ya m u sim kem a ra u b erkep a n ja n g a n h in g g a m engakibatkan penurunan tingkat produktivitas yang cukup signifikan terhadap industri perkebunan kelapa sawit sekitar 20%. Penurunan tingkat produktivitas ini m akin diperlem ah lagi dengan adanya kebakaran hutan d an lah an d alam skala yan g cu ku p lu as d i b erb ag ai wilayah Sum atera dan Kalim antan. Tebalnya kabut asap dalam kurun waktu yang panjang telah m engganggu p roses p enyerb ukan b unga tanam an hingga sem akin m e m p e rle m a h t in g ka t p ro d u kt ivit a s in d u s t ri perkebunan sawit term asuk Perusahaan Anda. Alhasil, p a so ka n m in ya k sa w it d a ri In d o n esia d a n Ma la ysia d ip e rkira ka n a ka n le b ih re n d a h d i t a h u n 2 0 1 6 d ib and ingkan tahun seb elum nya.
Faktor eksternal lain adalah m elem ahnya pertum buhan eko n o m i g lo b a l seb a g a i a kib a t p erla m b a t a n t in g ka t p ert u m b u h a n eko n o m i Ch in a ya n g h a n ya m en ca p a i 6 ,9 % d i t a h u n 2 0 1 5 . Akib a t p e le m a h a n e ko n o m i
Dear Stakehold ers,
The year 2015 was a year full of challenges for palm and rubber plantations industry, particularly due to a n u m b e r o f u n co n t ro lla b le e xt e rn a l fa ct o rs. No n -supportive clim ate had been the m ost dom inant factor in 2015. This was related to the El Nino effects which led t o a p ro lo n g ed d ry sea so n ca u sin g a sig n ifica n t decrease in the productivity level, down by around 20%. The decreasing productivity level was futher weakened b y the occurrence of forest and land fires at a relatively large scale in various areas in Sum atra and Kalim antan. The presence of thick haze during a lengthy tim e span h ave cau sed d ist u rb an ces fo r t h e p o llen at io n o f t h e trees, lowering further the productivity level of the palm p la n t a t io n s in d u s t ry, in clu d in g Yo u r Co m p a n y. Subsequently, the palm oil supply from Indonesia and Malaysia is projected to be lower in 2016 com pared to the previous year.
Another external factor was the weakening of the global eco n o m y a ffect ed b y t h e slo w in g d o w n o f Ch in a ’s eco n o m ic g ro w t h ra t e w h ich o n ly rea ch ed 6.9% in 2015. Du e t o t h e w ea ken in g o f t h e w o rld ’s seco n d
Dengan kesungguhan dan kerja keras seluruh
karyawan, walaupun dihadapkan pada berbagai
tantangan, pada tahun 2015 Perusahaan Anda
berhasil mempertahankan volume produksi sawit dan
karet dari perkebunan inti sesuai rencana kerja
com m od ities includ ing p alm and rub b er exp erienced sharp decreases. In addition to the lower dem and for palm and rubber com m odities, the plunging of world oil prices in 2015 also put further pressures on prices o f in d u st ria l co m m o d iit ies b a sed o n o t h er n a t u ra l-resources, such as palm and rubber, down to the lowest level. The low price of oil in 2015 affected the dem and fo r CPO a s se ve ra l Eu ro p e a n , Am e rica n a n d Asia n countries w hich have used veg etab le oil fuel for the autom otive industry sector during the past few years, have begun to return to the consum ption of fossil fuel w hich is currently m uch cheap er. A sim ilar case also hap p ens for the rub b er ind ustry, where the d ecrease of oil prices are projected to boost the production of oil-b ased synthetic rub b er.
Me a n w h ile , t h e d e va lu a t io n o f t h e Ch in e se Yu a n currency had been considered to lead to uncertainties for the global financial sector, sparking the attem pt of the banking sector to retighten their policies. This had also ind irectly affected the reactivation p rocess of Your Com p any’s Oleochem icals segm ent.
Ne ve rt h e le ss, w e co n sid e r e ve ry ch a lle n g e a s a n opportunity for self-im provem ent to ensure sustainable b u sin e ss g ro w t h . We b e lie ve t h a t t h e su p p ly a n d d e m a n d o f w o rld co m m o d it ie s in clu d in g CPO a n d ru b b er w ill so o n fin d a n ew eq u ilib riu m w h ich w ill eventually accelerate the rebound of CPO and rubber p rices to higher levels. An im p roved world econom ic st a b ilit y in t h e co m in g ye a rs is e xp e ct e d t o h e lp accelerate this process.
Therefore in dealing with the various external challenges w e co n t in u e t o fo cu s o n t h e o p t im iza t io n o f t h e u t iliza t io n o f o u r reso u rces, p a rt icu la rly in p rem iu m p a lm s e e d s d e ve lo p m e n t a n d s o cia l re la t io n s im p ro ve m e n t . Wit h t h e co n ce rt e d e ffo rt s o f a ll em ployees, Your Com pany had been able to m aintain the hom egrown palm and rubber production volum e w ithin the w ork p lan; w hile the 23.33% d ecrease in net sales over the previous year was due to the effects of the decrease in com m odity prices and the decrease in third-party purchases.
Your Com pany values the im portance of strengthening social relations, p articularly in a p eriod like this where the vast range of external challenges to the econom ic ko m o d it i d u n ia t e rm a su k sa w it d a n ka re t m e ro so t
cukup tajam . Selain pelem ahan perm intaan kom oditas sawit dan karet ini, penurunan harga m inyak dunia yang t a ja m d i t a h u n 2 0 1 5 ju g a t u ru t m e n e ka n h a rg a kom oditas industri berbasis sum ber daya alam lainnya, sep erti saw it d an karet, hing g a ke ting kat terend ah. Re n d a h n ya h a rg a m in ya k b u m i d i t a h u n 2 0 1 5 m e m p e n g a ru h i p o la p e rm in t a a n a ka n CPO d a ri sejum lah negara Eropa, Am erika dan Asia yang dalam beberapa tahun terakhir banyak m enggunakan bahan bakar nabati untuk kebutuhan sektor industri otom otif, kin i m u la i kem b a li m en g a lih ka n ko n su m si ke b a h a n b akar b erb asis m inyak b um i yang jauh leb ih m urah. Hal yang sam a juga terjadi pada industri karet, di m ana turunnya harga m inyak diperkirakan akan m endorong produksi karet sintetis yang berbasis m inyak bum i.
Di sisi lain, devaluasi m ata uang Yuan China dipandang m em iliki dam pak terhadap ketidakpastian bagi sektor keuangan gloabl, sehingga m em icu sektor perbankan u n t u k m e m p e rke t a t ke b ija ka n n ya ke m b a li. Ha l in i se ca ra t id a k la n g su n g ju g a b e rp e n g a ru h t e rh a d a p proses reaktivasi segm en Oleokim ia Perusahaan Anda.
Na m u n d e m ikia n b a g i ka m i s e t ia p t a n t a n g a n m erupakan peluang untuk terus m em benahi diri untuk m em elihara p ertum b uhan usaha yang b erkelanjutan. Kam i m eyakini b ahw a p asokan d an p erm intaan atas kom oditas dunia term asuk CPO dan karet akan segera m enem ukan titik keseim bangan baru yang ada akhirnya akan m endorong percepatan pem ulihan harga CPO dan karet ke tingkat yang lebih tinggi. Stabilitas ekonom i dunia yang lebih baik di tahun m endatang diharapkan dapat m em percepat realisasi proses ini.
Oleh karen an ya kam i m en yikap i b erb ag ai tan tan g an p rod uksi sawit d an karet d ari p erkeb unan inti sesuai rencana kerja; sem entara p enurunan p enjualan neto se b e sa r 2 3 ,3 3 % d ib a n d in g ka n t a h u n se b e lu m n ya t e rja d i ka re n a p e n g a ru h o le h p e n u ru n a n h a rg a kom oditi dan penurunan volum e pem belian dari pihak ket ig a.
conditions in general m ight have the potentials to spark s o cia l co n flict s . Re g a r d in g t h e co m m u n it y e m p o w e rm e n t e ffo rt s , in 2 0 1 5 Yo u r Co m p a n y continued to to provide full attention to econom ic and educational enhancem ent for the local societies within t h e co rp o ra t e o p era t io n a l a rea s, a s a fo rm o f Yo u r Com pany’s awareness of the needs of the stakeholders.
Strategic Policies
In consid eration of the challenging external factors in 2015, Your Com pany m anagem ent applied a num ber of strategic m oves, covering short-term , m id d le-term and long-term plans. Am ong these strategic m oves are r e vit a liza t io n o f fin a n cia l s t r u ct u r e t h r o u g h com m unications and negotiations with creditors; while o n n o n -fin a n cia l sid e , Yo u r Co m p a n y fo cu se d t h e attention to hum an resources through the com petency developm ent program s, in both technical and soft skills
A st ra t eg ic o p era t io n a l m o ve co n d u ct ed b y Yo u r Co m p a n y is t o
carefully set a production volum e target for each production m ill.
perekonom ian secara um um berpotensi m em icu konfliksosial. Terkait pem berdayaan m asyarakat, selam a tahun 2015 Perusahaan And a tetap m em b erikan p erhatian p enuh p ad a keg iatan p erekonom ian d an p end id ikan u n t u k m a s ya r a ka t d i s e kit a r a r e a o p e r a s io n a l p e ru sa h a a n , se b a g a i sa la h sa t u b e n t u k ke p e d u lia n Perusahaan Anda bagi para pem angku kepentingan.
Kebijakan Strategis
Den g an m em p erh atikan fakto r-fakto r ekstern al yan g penuh tantangan di tahun 2015 tersebut, m anajem en Perusahaan Anda telah m enerapkan beberapa langkah-langkah strategis, baik rencana strategis jangka pendek, jangka m enengah m aupun jangka panjang. Langkah-la n g ka h st ra t e g is t e rse b u t d ia n t a ra n ya re vit a lisa si st ru kt u r ke u a n g a n d e n g a n m e la ku ka n se ra n g ka ia n ko m u n ika si d a n n e g o sia si d e n g a n p a ra kre d it u r; sed ang kan d ari sisi non keuang an, Perusahaan And a
Langkah strategis operasional yang dilakukan
Perusahaan Anda adalah menetapkan target
volume produksi yang ingin dicapai dengan
cermat di setiap pabrik yang dimiliki
to enhance leadership capabilities, in order to develop future lead ers.
Pa lm t re e s p la n t e d o n a 4 5 ,8 6 7 Ha o f la n d h a ve co n t r ib u t e d s a le s t h r e e t im e s la r g e r t h a n t h e co n t rib u t io n o f ru b b e r sa le s w it h t h e ru b b e r t re e s planted on a 15,613 Ha of land. In consequences, the decrease in Your Com pany palm sales had significantly affected the EBITDA value. In consideration of this, a strategic operational m ove conducted by Your Com pany was to carefully set a production volum e target for each production plant. Maintenance of the plant m achinery a n d e q u ip m e n t is t h e re fo re d e e m e d o f u t m o s t im portance to ensure the sm ooth run of the production process, in addition to regular developm ent program s m e n it ik b e ra t ka n p e rh a t ia n n ya p a d a su m b e r d a ya
m a n u s ia ya n g d im ilikin ya d e n g a n m e n g a d a ka n program pengem bangan kom petensi, baik dalam segi t e kn is m a u p u n so f t sk i l l s u n t u k m e n in g ka t ka n ka p a b ilit a s ke p e m im p in a n , d e m i m e n cip t a ka n pem im pin m asa depan (future leader).