CIMB Plantation Day 2012

Transcription

1 Growing for the future CIMB Plantation Day September 2012, Kuala Lumpur

2 Disclaimer These presentations and/or other documents have been written and presented by PT. Gozco Plantations Tbk. ( Gozco Plantations ). The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of Gozco Plantations, nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from the use of this document or its contents or otherwise arising in connection with this document. No endorsement is intended or implied notwithstanding the distribution of the presentations and/or other documents. The materials and information in the presentations and other documents are for informational purposes only, and are not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. PT Gozco Plantations Tbk. All right reserved. 2

3 Outline About Gozco Plantations Operational& Financial Performance Target & CAPEX 2012 Company s updates 3

4 Management Team Board of Commissioners President & Independent Commissioner Mustofa Commissioner Rudyansyah Bin Abdul Cosim Commissioner Harijanto Independent Commissioner Benyamin Subrata Board of Directors CEO COO Director Director Director Non Affiliated Director Tjandra Mindharta Gozali Kreisna Dewantara Gozali Andrew Michael Vincent Enggan Nursanti Jamal Rosyidin Hakki Kho Livia Kartika 4

5 Company s Milestones 1999 Initially entered oil palm businessby acquiring Suryabumi, an estate at South Sumatra with around 9 thousand ha in total area and 4 thousand ha immature area Started to manage the estate full time under new management by conducting 2003 reorganization & rehabilitation of the estate with 4 thousand ha planted area Commissioned first mill with 45 MT/hour 2005 Expansion through first acquisition of Bumimas Indo Sawit, parent company of Pemdas 2006 AcquisitionofGolden Blossom Sumatra 2007 Acquisition of Cahya Vidi Abadi PTGozcoPlantations Tbk. was listed on Indonesia Stock Exchange by releasing 30% ownerships (1.5 billion shares) to public at IDR 225/share The plantationasset was brought to IPO with 31 thousand ha in total area, 16 thousand ha in planted area, 6 thousand ha in mature area plus 1 mill with 45 MT/hour capacity Acquired Palma Sejahtera Increased mill capacity to 90 MT/hour at Suryabumi 2010 Started construction of 45 MT/hour Mill at Golden Blossom Sumatra 2011 Achievedmore than 120 thousand ha in total area, 36thousand hectare plantedarea with 20 thousand mature areaplus two mills of 90 MT and 45 MT/hour and 1 mill 45 MT/hour under construction 5

6 Company s Structure (As of June 2012) 6

7 Plantation Area (As of June 2012) Due to the uncertainty of moratorium in the forest conversion which refers to Presidential Instruction No.10 in 2011, The company will only report the land that falls under Land for Other Usage (APL) status. Currently, out of 119,937 ha in total area, 53,135haareaunderAPLstatus.Thedetailisshownbelow: 7

8 Plantation Area (As of June 2012) 8

9 Planted Area and Mill by Region (As of June 2012) South Sumatra Planted: 24,794 ha 1Mill90 MT/hour 1 Mill45 MT/hour (under construction) West Kalimantan Planted: 4,836 ha Central Kalimantan* Planted: 7,359 ha 1 Mill45 MT/hour *) Including Indotruba area and Mill at Central Kalimantan 9

10 Planted Area Profile (As of June 2012 in ha) Immature 42% 42% Mature Mature 58% 58% 17% Young (4-7 years) Average Age Planted Area : 7 years Note: Including Indotruba area of 6,605 ha 10

11 Operational Performance

12 FFB Nucleus Production ( In thousand tons) Note: Excluding Production from Indotruba 12

13 FFB Processed ( In thousand tons) Note: Excluding Production from Indotruba 13

14 CPO & PK Production ( In thousand tons) Year Extraction Rate* CPO PK % 4.01% % 4.54% % 4.32% % 4.48% % 4.33% 1H % 4.61% *) Excluding production from Indotruba 14

15 Planted Area & New Planting ( As of June 2012) As ofdec 2011 As of June2012 Change Area (ha) Area (ha) Area (ha) Mature 18,855* 18,855* - Immature 10,498 10, Planted Nucleus 29,353 29, Mature 1,688 2, Immature 5,443 4,713 (730) Planted Plasma 7,131 7, Total Mature 20,543* 21, Total Immature 15,941 15,560 (381) Total Planted 36,484 36, *) Including Indotruba all Mature Area of 6,605 ha 15

16 Financial Performance

17 Sales Volume ( In thousand tons) 17

18 Average Selling Price CPO & PK ( In IDR/kg) ASP Projection (IDR/kg) FY 2012: CPO: IDR 7,600 PK: IDR 4, CPO PK H

19 Sales Value ( In IDR.bio)

20 Income Statement Highlights ( In IDR.bio) IDR Million H 2012 Sales Gross Profit EBITDA Net Profit Attributable to Owners of the parent Basic earnings per share (IDR)

21 Balance Sheet Highlights ( In IDR.bio) IDR Million H 2012 Total Assets 1,018 1,428 1,993 2,095 2,834 2,940 Total Liabilities ,327 1,385 Equity Attributable to Owners Of the Parent ,069 1,170 1,492 1,540 21

22 Financial Ratios Financial Year H 2012 Gross Profit Margin (%) Net Margin (%) Debt to Equity (%) Net Gearing (%)

23 Target & CAPEX FY 2012

24 Target FY 2012 Production (tons) Projection (Actual) (Projection) Growth FFB Production 167, ,000 10% FFB Plasma & 3rd Party 105, ,000-6% FFB Processed 273, ,000 4% CPO 58,139 64,125 10% Palm Kernel 11,845 12,825 8% Yield (Ton/ha) % New Planting Target FY 2012: 4,000 ha 24

25 CAPEX FY 2012 New Planting of 4,000 ha: Budget CAPEXFY 2012 ~ IDR.301 bio Maintenance of Immature of 15,055 ha: IDR.96 bio IDR.153 bio 35%payment of mill and portingolden Blossom: IDR.47 bio Completion of Palembang regional office: CAPEXutilization until June 2012 ~ IDR.92 bio IDR.5 bio 25

26 Company s Updates New Representative Office for Subsidiaries in Palembang Strategic step to increase effectivity and efficiency among subsidiaries within the group in one building New Agronomy Division The Agronomy team will responsible for procedure & advisory, internal control and training 26

27 Thank You For further queries please contact : Ferryan Syukri at Investor Relations Ferryan.syukri@gozco.com Visit Surabaya Representative Office Head Office Surabaya Representative Office Palembang Representative Office Graha Permata Pancoran Gedung Bank Yudha Bhakti Lt.5 Jl.Letjen Harun Sohar No.01 Jl. Raya Pasar Minggu No. 32 C/10 Jl. Raya Darmo Palembang, Indonesia South Jakarta, Indonesia Surabaya, Indonesia Telephone: Telephone: Telephone: Fax: Fax: Fax:

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