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
October 2015 issue
summary
SHARE BUYBACK TILL EARLY 2016
Jakarta, 30 October 2015 – PT Sampoerna Agro Tbk. 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
September 2015 9M1 .
Production volumes of key products within the Company managed to rise in 9M15 versus the same period last year. Starting with FFB harvest, total production volume within the period escalated 5% to reach 1.23 million tons, amidst 4% decline in plasma and third parties contribution. The increase in FFB production was attibutable to rising nucleus production that booked 14% higher to reach 691,393 tons in 9M15.
Both CPO and PK output registered a 7% increase in 9M15 over the same period last year 9M1 to reach 263,985 tons and 62,428 tons respectively. Production output of our sago starch (Prima Starch) also climbed 39% while our superior seeds (DxP Sriwijaya) output in 9M15 had already surpassed last year full year production by more than 20% to reach 9.5 million seeds.
Despite prevailing weather conditions, we’re still anticipating higher palm oil production in the second
half of the ear, said Marc Louette, the Co pa Vi e Preside t Dire tor. That does ’t ean to say we
are spared the egati e effe ts of the urre t dr spell, ut there’re se eral positi e for es orki g for Sampoerna Agro such as maturing age profile of our palms and intensification efforts that have started to show some positive results.
Apart from the growing production profile, Sampoerna Agro has successfully added couple of greenfield concessions totaling around eight thousand hectares to grow oil palm which are located in Bengkayang and Ketapang regencies of Western Kalimantan. The Ketapang concession is located literally adjacent to our existing plantation estates and is only 5-15 km away from our newest palm oil mill within the area.
However, total revenue in 9M15 amounted to Rp2,141.84 billion, fall short versus the same period last year by Rp341.04 billion. Primary reason for the fall in revenue is due to lower sales contribution from CPO that made up 84% of total revenue. Sales contribution from CPO in 9M15 declined Rp274.34 billion versus 9M14 as a result of 13% lower average selling price which averaged Rp7,402 per kg in 9M15 while it reached Rp8,528 in 9M14.
Earnings in 9M15 reached Rp195 bn, or 37% lower versus 9M14. Noteably though, it has improved significantly since year beginning when we booked 70% lower earnings in 3M15, said Budi Halim,
Fi a e Dire tor of the Co pa . We have also started a share buyback program on 27 October 2015
mainly because our current EV/ha valuation is very low, even lower than our actual planting cost.
-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
October 2015 issue
corporate details
o Area statement (oil palm only) as of September 2015:
nucleus plasma nucleus plasma
in tons Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 YTD 15 YTD 14 ∆
FFB - nucleus 52,194 50,001 69,813 76,175 83,585 98,351 81,524 97,490 82,260 691,393 605,203 +14% FFB - external 30,055 26,781 36,540 46,992 65,293 90,910 83,672 73,426 87,429 541,097 565,219 -4% CPO 18,056 17,304 22,928 26,668 32,347 39,718 35,551 37,208 34,205 263,985 245,573 +7% P.Kernel 3,775 3,703 5,737 6,666 7,195 9,245 7,884 9,222 9,001 62,428 58,186 +7% G.Seeds (1000s) 1,253 1,907 1,497 1,298 758 727 394 1,155 525 9,513 5,956 +60% 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-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 YTD 15 YTD 14 ∆
CPO 7,714 7,937 8,096 7,862 7,498 7,617 7,554 7,227 6,090 7,402 8,528 -13%
in Rp bn Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 YTD 15 YTD 14 ∆
CPO 162.34 117.04 156.40 192.71 167.30 291.77 218.02 266.67 220.78 1,793.04 2,067.38 -13% P.Kernel 16.73 16.30 24.36 34.15 36.22 39.40 30.55 45.40 24.44 267.55 294.14 -9% G.Seeds 5.09 7.53 9.34 8.34 4.92 4.20 2.14 2.52 3.29 47.37 33.83 +40% Others 4.04 4.61 3.09 4.19 3.36 3.38 4.15 3.83 3.25 33.89 87.54 -61% Total Sales 188.20 145.48 193.19 239.39 211.80 338.75 254.86 318.41 251.76 2,141.84 2,482.88 -14% Note: Others are revenue generated from sago, rubber, FFB, PKO, and PKE
