Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585 Kalimantan: Jln. Malijo No.21 RT 09/RW03, Madurejo, Arut Selatan, Kotawaringin Barat, Kalimantan Tengah, Indonesia Tel / Fax +62-532 24264
Jakarta : Sampoerna Strategic Square, Tower A, 24th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia Tel +62-21 5770886, 5771711 Fax +62-21 5770015, 5771712 http://www.sampoernaagro.com
PT SAMPOERNA AGRO Tbk.
COMPANY NEWSLETTER
March 2011 Issue
Summary
A YEAR WITH ALMOST NO DRY SEASON
Jakarta, Mar 18, 2010– PT Sampoerna Agro Tbk. "“a poe a Ag o" o the Co pa y eleased its audited financial and operational results for full year 2010.
The year 2010 was challenging to the oil palm industry in more ways than one, though most of it was the result of unfriendly weather. The weather throughout 2010 was far from sunny. In fact, our oil producing areas located in South Sumatra and Central Kalimantan received rains virtually throughout the year, making it a year with almost no dry season. Our Kalimantan estates saw 90% more rain in 2010 than the previous year while rainfall in our Sumatra estates even exceed an already extensive rainy year of 2009 by 15%.
Despite worse weather conditions persisting throughout 2010, Sampoerna Agro managed to harvest 1.37 million tons of FFB, 14% higher than the previous year, on improved water drainage system in Sumatra estates. Fourth quarter of 2010 came out to be the peak producing quarter of both regions. Sumatra estates produced 13% more FFB in fourth quarter over third quarter while Kalimantan estates production was up 33%. This resulted in 15% year-on-yea yoy p oductio g o th fo “u at a a d 7% g o th fo Kalimantan.
Overall CPO output in the fourth quarter of 2010 also climbed by 25% over third quarter. In total, the Company produced 288,885 tons of CPO in 2010, 9% higher than 2009, even with reduced OER as a result of more rains. MPOB published data indicated that Malaysia produced 8% less CPO in the fourth quarter versus
p e ious ua te , esulti g a % dip o total CPO output of the cou t y i o e 9’s.
Responding to the reduced supply in the fourth quarter 2010, market price of CPO recorded by MPOB soared 24% quarter-on- ua te o to averaged RM3,268 for the period. As a result, average CPO price for the whole of 2010 was RM2,748, or 22% higher than 2009. Sampoerna Agro managed to sell its CPO with an average of Rp7.12 million per ton in 2010, 16% higher than Rp6.11 million per ton booked in 2009.
In financial terms, Sampoerna Agro booked additional revenue of Rp942.42 billion within the last three months of 2010, or 51% qoq growth. As a result, Company revenue in 2010 amounted to Rp2,311.53 billion, up 27% from the Rp1,815.56 billion recorded in full year 2009, on a 16% improved average selling price compounded with 4% increased sales volume of its CPO. CPO is the main revenue contributor to the Company which generated Rp1.95 trillion in 2010, or 84% of the overall company revenue. Approximately 90% of these revenue from CPO was generated by selling within domestic market.
With regards to expansions happening in 2010, the Company added approximately 8,435 ha to its planted area that totalled 102,779 ha (including plasma estates) by year end 2010. Approximately 1,733 ha of these new additions were obtained through an acquisition deal that is located within its existing area under development.
-o0o-Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62-711 813388 Fax +62-711 811585 Kalimantan: Jln. Malijo No.21 RT 09/RW03, Madurejo, Arut Selatan, Kotawaringin Barat, Kalimantan Tengah, Indonesia Tel / Fax +62-532 24264
Jakarta : Sampoerna Strategic Square, Tower A, 24th Floor, Jln. Sudirman Kav. 45, Jakarta 12930, Indonesia Tel +62-21 5770886, 5771711 Fax +62-21 5770015, 5771712 http://www.sampoernaagro.com
PT SAMPOERNA AGRO Tbk.
COMPANY NEWSLETTER
March 2011 Issue
Corporate Details
o Area statement (oil palm only) as of December 2010 is as follows:
nucleus plasma nucleus mitra
mature 20,208 40,020 60,228 11,463 1,809 13,272 73,501
immature 14,781 2,855 17,636 11,643 - 11,643 29,279
total 34,989 42,875 77,864 23,106 1,809 24,915 102,779
Sumatra Kalimantan
TOTAL
Sub-T Sub-T
o Production data is as follows:
Unit Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 YTD 10 YTD 09 Change
FFB - Smtra ton 49,554 44,843 56,509 70,326 80,609 92,200 97,508 127,384 138,674 166,133 125,959 117,537 1,167,237 1,011,098 +15.4%
FFB - Klmtn ton 11,733 11,644 16,607 17,071 19,129 20,075 16,884 14,513 15,827 20,980 21,140 20,824 206,425 193,276 +6.8%
CPO ton 13,424 12,100 15,528 19,121 20,914 23,066 22,556 27,950 31,596 39,399 32,632 30,599 288,885 264,162 +9.4%
P.Kernel ton 3,211 3,436 4,166 4,812 5,278 6,003 6,009 7,295 8,107 10,323 8,367 7,425 74,431 62,372 +19.3%
G.Seeds thousands 776 582 678 598 887 474 792 1,004 577 1,286 1,102 980 9,733 5,894 +65.1%
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o Average net selling price data is as follows:
Unit Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 YTD 10 YTD 09 Change
CPO Rp/kg 6,461 6,448 6,730 6,477 6,593 6,474 6,385 6,800 7,297 7,260 7,806 8,439 7,118 6,113 +16.4%
P.Kernel Rp/kg 2,647 3,178 3,417 3,602 3,701 3,801 3,808 4,105 4,404 4,748 5,267 5,715 4,286 2,614 +63.9%
G.Seeds Rp/seed 6,615 6,175 6,312 7,423 7,305 6,251 6,333 6,210 5,972 6,742 6,279 6,503 6,545 6,705 -2.4%
Rubber Rp/kg 13,700 13,900 14,500 14,900 15,000 15,050 14,100 15,900 n/a 16,700 20,550 25,500 16,270 8,308 +95.9%
o Sales data is as follows:
Unit Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 YTD 10 YTD 09 Change
CPO Rp bn 112.29 57.22 82.88 120.01 149.32 108.31 150.52 196.59 182.59 199.64 253.45 335.08 1,947.91 1,610.62 +20.9%
P.Kernel Rp bn 6.84 8.53 15.10 17.25 14.96 19.14 21.03 28.89 28.32 56.71 43.14 34.81 294.73 151.51 +94.5%
G.Seeds Rp bn 5.13 3.59 4.28 3.85 4.29 0.59 3.37 4.08 1.86 6.52 4.98 3.92 46.45 39.52 +17.5%
Others Rp bn 2.78 0.87 2.64 0.55 0.41 4.83 1.39 4.82 0.00 1.22 0.93 2.22 22.65 13.91 +62.8%
Total Sales Rp bn 127.04 70.21 104.90 141.65 168.98 132.87 176.31 234.37 212.77 264.11 302.50 376.04 2,311.75 1,815.56 +27.3%
Note: Others are revenue generated from rubber, PKO, and PKE
