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
July 2015 issue
summary
BRIGHTER OUTLOOK
Jakarta, 30 July 2015 – PT Sampoerna Agro Tbk. a d su sidia ies “a poe a Ag o" o the
Co pa released its unaudited financial and operational results for the period ending in 30 June
2015 M .
The Company booked a total of Rp1,316.81 billion in revenue within 6M15, or 10% lower than same period last year. Primary reason for the fall in revenue is due to lower sales contribution from CPO that made up 83% of total revenue. Sales contribution from CPO in 6M15 declined 8% versus 6M14. Even though sales volume within the period managed to rise 5%, it was not enough to offset falling selling price that declined 13% to average Rp7,755 per kg in 6M15, from Rp8,865 in 6M14.
The biggest increase in revenue contribution this year came from the sale of DxP Sriwijaya seeds which escalated 63% over 6M14 figure, or having contributed Rp39.42 billion. The increase was attributable to 6% higher selling price, compounded with 53% more sales volume.
FFB harvest ithi the se o d ua te of Q as e e ou agi g, ea hi g ,305
to s, o % highe tha the fi st ua te Q . “u at a estates o t i uted the iggest
growth for the period that saw 104% growth over 1Q15 output while Kalimantan estates booked a decent 29% quarter-on-quarter growth over the same time frame. Management anticipated the strong production to continue well into the second half of the year as well.
For the six months ending in June 2015, Sampoerna Agro production reached 726,690 tons of FFB, or 5% higher than the same period last year. Nucleus estates which booked 12% growth, was the sole contributor to the year-on-year growth because FFB production from external parties within 6M15 actually dropped 4% versus same period last year, though notably their contribution began to recover pronouncedly in 2Q15.
CPO production climbed even higher. The Company produced 157,021 tons of palm oil within 6M15, or 11% higher than the same period last year. Oil extraction rates managed to climb from 21.5% in 6M14 to 21.8% in 6M15.
Company expansions also managed to be accelerated within the second quarter 2015, to total about 6,200 hectares of combined new plantings for the year. The expansion figure include our mainstay crop and few others such as rubber and sago.
-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
July 2015 issue
corporate details
o Area statement (oil palm only) as of June 2015:
nucleus plasma nucleus mitra
in tons Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 YTD 15 YTD 14 ∆
FFB - nucleus 52,194 50,001 69,813 76,175 83,585 98,351 430,118 383,029 +12% FFB - external 30,055 26,781 36,540 46,992 65,293 90,910 296,571 308,913 -4% FFB processed 80,609 75,972 104,858 122,770 147,157 189,410 720,775 660,222 +9% CPO 18,056 17,304 22,928 26,668 32,347 39,718 157,021 142,045 +11% P.Kernel 3,775 3,703 5,737 6,666 7,195 9,245 36,322 33,416 +9% G.Seeds (1000s) 1,253 1,907 1,497 1,298 758 725 7,437 3,867 +92%
Note: Not all FFB was processed by palm oil mill within the same month it was harvested
o Average selling price of key products:
in Rp/kg Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 YTD 15 YTD 14 ∆
CPOᵋ 7,714 7,937 8,096 7,862 7,498 7,617 7,755 8,865 -13% P.Kernel 4,491 4,868 5,141 5,573 4,872 4,599 4,925 5,799 -15% G.Seeds (Rp/unit) 8,102 7,800 8,035 7,724 7,972 9,195 8,029 7,574 +6% Note: CPOᵋ p i e is et of e po t ta
o Revenue breakdown by key products:
in Rp bn Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 YTD 15 YTD 14 ∆
CPO 162.34 117.04 156.40 192.71 167.30 291.77 1,087.57 1,181.56 -8%
P.Kernel 16.73 16.30 24.36 34.15 36.22 39.40 167.15 177.94 -6%
G.Seeds 5.09 7.53 9.34 8.34 4.92 4.20 39.42 24.24 +63%
Others 4.04 4.61 3.09 4.19 3.36 3.38 22.66 72.06 -69%
Total Sales 188.20 145.48 193.19 239.39 211.80 338.75 1,316.81 1,455.81 -10%
Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
11% 12% 16% 15% 17% 20% 25% 28% 34%
89% 88% 84% 85% 83% 80% 75% 72% 66%
0% 50% 100%
2007 2008 2009 2010 2011 2012 2013 2014 1H15
FFB output (Kalimantan vs Sumatra)
2007 2008 2009 2010 2011 2012 2013 2014 1H15
FFB output (Nucleus vs Plasma)
Nucleus Plasma
