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
March 2017 issuesummary
PENT-UP SPIKE
Jakarta, 27 March 2017 – PT “a poe a Ag o T k a d su sidia ies “a poe a Ag o" o the
Co pa released its audited financial results along with its operational statistics for full year ending
in December 2016 6 ).
Palm oil output of the Company spiked in the fi al ua te 6 Q 6 as p odu tio e o e came in full swing, ending a year of surpressed yield in high note. Total F esh F uit Bu h FFB harvests within the final three months of the year reached 748,859 tons, a surge of 199% over the previous quarter volume Q 6 which also meant that production in 4Q16 made up more than half of the
year’s output.
Although e al ead e pe ted significant recovery, the pent-up spike turned out to be slightly more.
Good thing we had already taken necessary measures to prepare our palm oil mills for it. Lines of FFB transport trucks coming by the mills was a daily sight, especially those surrounding our South Sumatra estates. Hence, the mills were almost working non-stop for the whole three months, said Ma Louette, CEO of the Company.
Much of the spike was triggered by production surge happening in our Sumatra estates as the region experienced 297% increase versus 3Q16. FFB production within Kalimantan estates also climbed respectably, at 58% over 3Q16. By year end, the year-on-year production gap of FFB harvests managed to narrow sizeably to -21%, from -43% booked in the previous reporting period. Total CPO output in 2016 reached 297,687 tons, or 23% lower than 2015 figure.
Financial performance of the Company in the fourth quarter recovered pronouncedly, from Rp52.86 billion operating loss as of September 2016 to operating profit that amounted to Rp447.16 billion by year end. As a result, Sampoerna Agro booked Rp441.88 billion in earnings for the year, or 78% higher than the previous year. Basically, there were three primary factors o t i uti g to the tu a ou d, said Budi Halim, Chief Financial Officer.
Budi continued, Firstly, we managed to book Rp1,012.06 billion of revenue from CPO in 4Q16 alone given the record-breaking sales volume that was accompanied by year high selling prices within the period. CPO maintained its position as lion share by having contributed 75% towards consolidated revenue in 2016. Secondly, we booked sizeable deferred tax income during the year that arised from asset revaluation initiative in support of the Go e e t’s economic stimulus program. Finally, there was also some additional income arising from sale of a company subsidiary in West Kalimantan. Main rational for the sale was to focus our expansion efforts on more prospective landbank alternatives.
-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 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 YTD 16 YTD 15 ∆ FFB - nucleus 80,650 51,507 45,020 39,904 41,375 38,753 29,111 42,810 85,524 131,129 128,344 108,613 822,740 994,690 -17% FFB - external 59,671 31,255 19,719 15,169 16,242 14,412 10,672 20,747 61,440 114,631 139,015 127,127 630,100 851,584 -26% CPO 31,402 18,313 13,963 11,507 12,143 11,399 8,372 12,043 27,826 48,070 53,257 49,391 297,687 388,037 -23% P.Kernel 6,611 3,708 3,135 2,670 2,454 2,319 1,710 2,594 6,637 11,973 12,367 12,554 68,731 96,055 -28% G.Seeds (1000s) 910 1,912 1,562 514 550 223 459 352 191 440 434 658 8,205 11,271 -27% 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 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 YTD 16 YTD 15 ∆ CPO 6,261 6,560 7,071 7,716 8,181 7,810 7,646 7,264 8,252 8,364 8,115 8,536 7,651 7,030 +9%
in Rp bn Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 YTD 16 YTD 15 ∆ CPO 233.45 228.55 137.49 79.80 98.01 88.68 89.36 66.91 162.34 244.99 353.57 413.51 2,196.65 2,481.46 -11% P.Kernel 36.04 12.75 20.40 19.10 13.64 18.09 7.57 20.32 35.64 58.54 82.50 120.98 445.58 394.70 +13% G.Seeds 7.21 10.17 8.76 4.93 6.15 3.67 2.13 2.75 4.36 5.98 4.78 3.32 64.20 78.46 -18% Others 5.93 4.04 14.72 11.68 5.73 6.63 5.03 7.38 8.91 11.75 9.39 117.60 208.79 44.82 +366% Total Sales 282.63 255.52 181.37 115.50 123.53 117.07 104.09 97.36 211.25 321.26 450.24 655.40 2,915.22 2,999.45 -3% Note: Others are revenue generated from sago, rubber, FFB, palm kernel products, RBDPO, and electricity
