Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62‐711 813388 Fax +62‐711 811585 Kalimantan: Jln. Pra Kusumayudha No. 10 Pangkalan Bun 74115, Kalimantan Tengah, Indonesia Tel / Fax +62‐532 21571
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
July 2009 Issue
Summary
SAMPOERNA AGRO ROBUST QoQ PRODUCTION GROWTH
Jakarta, July 31, 2009 – PT Sampoerna Agro Tbk. ("Sampoerna Agro" or “the Company”) released its financial
and operational results for the period ending in June 30, 2009.
Market condition and production of CPO have gained significantly within the first semester of 2009. One of
the main reasons for the rapid recovery was due to limited supply caused by seasonally low crop period
happening in major CPO producing countries like Indonesia and Malaysia. Another reason was increased
demand attributable to increased imports by major CPO consumption countries like China and India.
In the first semester of 2009, Sampoerna Agro managed to sell its CPO at an average price of Rp6.50
million/ton (equivalent to MYR2,238/ton), or 19.7% lower than the same period of 2008 which was Rp8.09
million/ton (equivalent to MYR2,863/ton). This is still better than the average market trading price in MDEX
within the same period. Average price of CPO being traded in MDEX during first semester of 2009 was
MYR2,262, or 35.2% lower than the same period of 2008 at MYR3,490. Lowest recorded price was MYR1,737
recorded on January 2nd, 2009 that later peaked at MYR2,894 on May 13th, 2009.
Sampoerna Agro Month‐on‐Month (“MoM”) FFB production growth figures in 2nd quarter of 2009 were
robust, recorded at 63%, 45%, and 26% consecutively starting April 2009. This resulted in Quarter‐on‐
Quarter (“QoQ”) FFB production growth of 115% bringing the total FFB being produced in the first semester
of 2009 to 389,805 tons. This progressive quarterly FFB production performance is going according to the
Management’s expectation explained by the ‘odd years’ production trend that happened before in 2005 and
2007. Most of the production growth is contributed by Sumatra estates, while FFB production in Kalimantan
estates during the first semester of 2009 have even surpassed production during the same period of 2008.
Revenue in the first semester of 2009 reached Rp559.91 billion, or 62.6% lower than the same period of
2008 that reached Rp1,498.31 billion. The 2009 revenue does not include revenue from selling the Company
treasury stocks that happened on April 6, 2009.
Considering the improving global economy and strengthening oil palm production volume, going forward,
Management is confident on the industry performance towards year‐end. Following the national trend,
Sampoerna Agro production should continue to book positive QoQ growth until year end which should lead
to a higher 2nd semester production.
‐o0o‐
Sumatera: Jln. Basuki Rahmat No. 788, Palembang 30127, Sumatera Selatan, Indonesia Tel +62‐711 813388 Fax +62‐711 811585 Kalimantan: Jln. Pra Kusumayudha No. 10 Pangkalan Bun 74115, Kalimantan Tengah, Indonesia Tel / Fax +62‐532 21571
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
July 2009 Issue
Corporate
Details
o Area statement as of Jun 2009 is as follows:
nucleus plasma nucleus mitra
mature 18,460 38,915 57,375 10,795 1,809 12,604 69,978 immature 13,527 1,109 14,636 7,030 ‐ 7,030 21,666 total 31,987 40,024 72,011 17,824 1,809 19,633 91,644
Sumatra Kalimantan
TOTAL
Sub‐T Sub‐T
o Production data is as follows:
Unit Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 YTD 09 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 YTD 08 Change FFB ‐ Smtra tons 45,370 18,392 23,259 44,639 69,791 93,168 294,620 133,977 81,993 70,762 76,480 81,674 69,634 514,520 ‐42.7% FFB ‐ Klmtn tons 10,918 11,025 14,723 17,380 20,372 20,767 95,185 16,469 13,320 14,585 16,702 17,280 16,518 94,873 0.3% CPO tons 12,280 6,523 8,102 13,360 19,823 25,056 85,144 34,074 21,734 18,541 20,223 21,779 18,647 134,998 ‐36.9% P.Kernel tons 3,036 1,648 1,961 3,167 4,554 5,466 19,833 9,788 8,477 6,259 5,159 5,277 4,620 39,581 ‐49.9% G.Seeds 000 seeds 572 356 288 624 286 430 2,556 1,535 1,745 1,819 2,208 1,809 1,727 10,843 ‐76.4% Rubber tons 26 36 22 21 58 57 220 47 31 57 28 58 31 252 ‐12.7%
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 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 YTD 09 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 YTD 08 Change CPO Rp/kg 5,039 5,498 5,988 6,586 7,507 7,028 6,496 7,594 7,794 8,520 7,820 8,434 8,635 8,087 ‐19.7% P.Kernel Rp/kg 2,043 2,157 2,400 2,586 3,140 3,158 2,708 3,613 4,355 4,754 4,478 4,830 4,481 4,368 ‐38.0% G.Seeds Rp/seed 6,313 5,790 6,089 7,051 7,170 6,919 6,593 3,938 3,984 4,287 4,518 4,660 4,854 4,386 50.3% Rubber Rp/kg 7,350 6,600 6,700 7,125 7,319 7,168 7,085 12,574 13,032 13,424 13,100 13,804 15,100 13,481 ‐47.4%
o Unaudited sales data is as follows:
Unit Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 YTD 09 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 YTD 08 Change CPO Rp bn 73.02 41.65 18.53 75.64 130.21 154.62 493.66 274.38 249.93 199.60 137.52 211.80 204.88 1,278.12 ‐61.4% P.Kernel Rp bn 6.94 3.63 4.22 4.70 15.66 12.66 47.80 33.87 31.85 36.19 20.23 33.03 23.29 178.47 ‐73.2% G.Seeds Rp bn 3.61 2.06 1.75 4.40 2.05 2.97 16.85 4.86 5.76 6.13 7.99 7.03 6.56 38.33 ‐56.0% Rubber Rp bn 0.19 0.24 0.15 0.15 0.43 0.41 1.56 0.59 0.40 0.77 0.37 0.79 0.48 3.40 ‐54.1% Total Sales Rp bn 83.76 47.58 24.67 84.88 148.35 170.67 559.91 313.71 287.94 242.69 166.11 252.67 235.20 1,498.31 ‐62.6%
CPO
price
VS
SGRO
stock
price
2,000 2,500 3,000 3,500
1‐Apr 8‐Apr 27‐Apr 12‐May 19‐May 27‐May 3‐Jun 10‐Jun 17‐Jun 24‐Jun
MY
R
1,300 1,400 1,500 1,600 1,700 1,800 1,900
ID
R
MPOB (MYR) SGRO (IDR)
For further inquiries, please contact us at investor.relations@sampoernaagro.com
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