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 2017 issue
summary
POST LA NINA RAINS
Jakarta, 28 July 2017–PT “a poer a Agro T k. a d su sidiaries “a poer a Agro" or the Co pa
released its unaudited financial and operational results for the period ending in 30 June 2017 6M17 .
It has been more than half a year since NOAA called for La Nina weather condition in the fourth quarter of last year 4Q16 . Yet as of July, post La Nina rains continues to persist over parts of Sumatra and Kalimantan where most of the Company oil palm estates are located. Fortunately, rainfall intensity in both regions have subsided by approximately 30% from its peak in 4Q16.
In palm oil terms, rains are usually associated with two phenomenon; oil extraction rates occuring at the palm oil mills which tend to decline in the immediate period, but it is typically followed by higher FFB yield from the oil palm estates which ultimately results in more palm oil output.
So even though oil extraction rates generated by the Company in 6M17 retreated to 21.7%, or 0.4% lower year-on-year, Sampoerna Agro still managed to produce 38% more volume as CPO output reached 136,707 tons for the period. Sumatra estates led the volume growth as oil palm estates in the region on average produced 55% more volume versus 6M16 and reached 89,824 tons. Kalimantan region was also able to book a respectable 15% growth in 6M17 and produced 46,883 tons of CPO.
Aside from the robust operational performance, bullish palm oil market condition in 6M17 also helped the Company to generate strong financial performance. Consolidated revenue was recorded at Rp1,612.29 billion, or 50% higher than 6M16 figure. The revenue increase was mainly attributable to higher contribution from CPO which climbed 41% to reach Rp1,221.04 billion. The rise was due to 24% higher selling price, which averaged Rp8,555 per kg, and 14% more sales volume.
Revenue contribution from Palm Kernel in 6M17 also continued to outshine CPO in terms of year-on-year performance. Palm Kernel contributed Rp240.97 billion in 6M17, or 101% higher than 6M16 due to 51% higher selling price, which averaged Rp8,028 per kg, and 33% more sales volume.
Consequently, Sampoerna Agro recorded Rp174.15 billion of earnings for the period, versus a net loss of Rp84.22 billion in 6M16.
-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 2017 issue
corporate details
o Area statement as of June 2017:
Nucleus Plasma Sago Rubber Others
in tons Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 YTD 17 YTD 16 ∆
FFB - nucleus 86,776 62,738 56,470 57,801 66,339 54,844 384,969 297,209 +30%
FFB - external 103,861 57,852 30,785 23,831 26,968 25,032 268,328 156,468 +71%
CPO 39,948 25,569 18,349 16,757 19,396 16,686 136,707 98,728 +38%
P.Kernel 10,202 5,635 3,960 3,450 3,710 3,355 30,313 20,896 +45%
G.Seeds (1000s) 599 932 1,209 696 657 367 4,460 5,671 -21%
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-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 YTD 17 YTD 16 ∆
CPO 8,826 8,986 8,665 8,496 8,417 7,726 8,555 6,914 +24%
CPOᵋ 8,826 8,986 8,665 8,496 8,417 7,726 8,555 6,914 +24%
P.Kernel 8,861 9,381 8,176 5,429 6,244 7,027 8,028 5,332 +51%
G.Seeds (Rp/unit) 8,150 8,097 8,266 8,137 8,728 8,438 8,255 7,930 +4%
Note: CPOᵋ pri e is et of e port ta
o Revenue breakdown by key products:
in Rp bn Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 YTD 17 YTD 16 ∆
CPO 293.27 271.30 193.38 112.19 153.23 197.68 1,221.04 865.98 +41%
P.Kernel 96.54 45.72 40.77 12.97 26.55 18.43 240.97 120.02 +101%
G.Seeds 2.77 6.32 4.65 4.00 3.17 1.89 22.79 40.89 -44%
Others 16.45 45.94 11.92 16.80 11.00 25.38 127.49 48.73 +162%
Total Sales 409.02 369.27 250.72 145.96 193.95 243.38 1,612.29 1,075.62 +50%
Note: Others are revenue generated from sago, rubber, FFB, palm kernel products, RBDPO, and electricity
11% 12% 16% 15% 17% 20% 25% 28% 26% 32%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
FFB output (Kalimantan vs Sumatra)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6M17
FFB output (Nucleus vs Plasma)
Nucleus Plasma
