Beruflich Dokumente
Kultur Dokumente
15 Aug 2012
Presentation Outline
Plantation Highlights
Financial Highlights
Strategies
g
and Expansion
p
A
Appendix
di
S ti 1
Section
Plantation Highlights
g g
Planted Area
In Ha
30 Jun
2012
Planted Area
Planted Oil Palm
Mature
Immature
Other Crops
Rubber
Sugar cane
Others(3)
(1)
31 Dec Increase/
2011 (Decrease)
257,867
254,989
2,878
220,178
172,397
47 781
47,781
216,837
158,163
58 674
58,674
3,341
14,234
(10 893)
(10,893)
37,689
21 813
21,813
12,323
3,553
38,152
22 185
22,185
12,255
3,712
(463)
(372)
68
(159)
>20years,
24%
Immature,
22%
720years,
36%
YoungTrees
40%
46years,
18%
Mature
78%
((1)) Exclude p
plasma area. As at 30 Jun 2012,, the Group
p has 82,552
,
Ha of p
planted oil p
palm p
plasma area. Out of which,, 906 Ha
are new planting
in 1H12with Leading Brands
Integrated
Agribusiness
(2) New plantings for oil palm at 3,463 Ha and replanted area at 600 Ha.
(3) Cocoa and Tea
1H11
(Ha)
220,178
205,199
7% 220,178
205,199
7%
216,837
(Ha)
172,397
154,939
11% 172,397
154,939
11%
158,163
1,845
1,705
8%
960
913
5%
3,797
1,333
1,264
5%
703
675
4%
2,797
512
441
16%
257
238
8%
1,000
7.7
8.2
4.1
4.4
400
381
210
205
21.8%
22.4%
21.8%
22.5%
22.1%
1.7
1.8
0.9
1.0
3.9
93
87
48
47
5.0%
5.1%
5.0%
5.1%
Planted Area
Mature Area
(1)
(1)
Growth
5%
2Q12
7%
2Q11
Growth
FY11
17.7
2%
3%
838
195
5.2%
(1) Exclude plasma area. As at 30 Jun 2012, the Group has 82,552 ha of planted oil palm plasma area.
YOYGrowth
FFB
723
774
759
728
675
591
630
589
522
FFBNucleus
2Q : 4%
1H : 5%
703
FFB External
FFB
External
157
1Q10
157
2Q10
188
3Q10
238
4Q10
203
1Q11
238
2Q11
FFB - Nucleus
268
3Q11
291
4Q11
255
1Q12
257
2Q : 8%
1H : 16%
2Q12
FFB - External
Total CPO
'000
000MT
MT
201
154
216
205
225
232
190
176
169
210
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
TotalCPO
2Q : 2%
1H : 5%
1H
2Q12
S ti 2
Section
Financial Highlights
g g
Results Summary
Rpbn
Revenue
4,000
3,500
3 000
3,000
Financial Highlights
2,500
2,000
1,500
,
1,000
500
1,400
2Q12
1Q12
4Q11
3Q11
2Q11
1Q11
4Q10
3Q10
2Q10
1Q10
Rpbn
EBITDA*
1,200
1,000
Operational Highlights
800
600
400
200
1Q12
4Q11
3Q11
2Q11
1Q11
4Q10
3Q10
2Q10
1Q10
Sales Volume
Edible Oils & Fats sales volume growth supported by the expanded refining capacity
1H12
1H11
Growth
2Q12
402
382
5%
220
194
13%
829
Palm Kernel
94
84
11%
45
44
3%
193
Rubber
76
7.6
90
9.0
(15%)
38
3.8
47
4.7
(20%)
17 1
17.1
423
382
11%
217
202
8%
772
In '000 MT
Plantation
CPO
'000MT
244
220
155
194
187
182
171
220
204
CPOsalesvolume
2Q : 13%
1H : 5%
182
PKsalesvolume
2Q : 3%
1H : 11%
46
52
35
40
1Q10
2Q10
3Q10
4Q10
40
44
50
1Q11
2Q11
3Q11
'000MT
164
59
49
45
4Q11
1Q12
2Q12
PK sales volume
186
202
203
180
187
206
217
154
EdibleOils&Fats
2Q : 8%
1H : 11%
%
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
7,873
6,597
YOYGrowth
Rp/kg
6,796
8,286
7,697
7,404
6,838
6,807
6,944
7,484
8,089
5,936
PKASP
5,107
3,140
1Q10
3,725
2Q10
3,991
4,158
3,933
4,160
3,269
3Q10
4Q10
1Q11
CPO ASP
2Q11
CPOASP
2Q : 5%
1H : (2%)
3Q11
4Q11
1Q12
2Q
1H
: (30%)
(
)
: (35%)
2Q12
PK ASP
Rubber ASP
Rp/kg
41,839
24,943
27,773
26,382
38,769
36,417
36,897
32,784
29,172
28,649
RubberASP
2Q : (26%)
1H : (24%)
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
10
10
Financial Summary
Attributable profit declined 23% yoy in 1H12 mainly attributable to lower operating profit and dilution
impact from the listing of SIMP in June 2011
In Rp Bn
1H12
1H11
YoY
Growth
2Q12
2Q11
YoY
Growth
FY11
Sales
6,980
6,135
14%
3,780
3,208
18%
12,605
EBITDA*
1,747
2,024
(14%)
823
895
(8%)
3,794
EBITDA %
25%
33%
22%
28%
1,481
1,872
662
806
21%
31%
18%
25%
N t profit
Net
fit
1 047
1,047
1 295
1,295
446
561
Net profit %
15%
21%
12%
17%
Attributable profit
631
823
254
309
Attributable profit %
9%
13%
7%
10%
438
569
176
213
Operating profit**
Operating profit %
(21%)
(19%)
(23%)
(23%)
30%
(18%)
3,353
27%
(21%)
2 641
2,641
21%
(18%)
1,490
12%
(17%)
1,031
11
11
Segmental Results
SALES
EBITDA
EBITDA%
In Rp Bn
1H12
1H11
1H12
1H11
1H12
1H11
Plantations
,
4,103
4,212
,
1,431
,
1,931
,
35%
46%
5,096
4,654
271
106
5%
2%
(2,219)
(2,731)
45
n/m
n/m
6 980
6,980
6 135
6,135
1 747
1,747
2 024
2,024
25%
33%
76
1,749
2,100
25%
34%
Elimination &
Adjustments
Sub total
Sub-total
Net Forex Gain
Total
6,980
6,135
(1)
(13)
(1)
Net effects arising from elimination of unrealised profit of inter-division inventories, SFRS adjustment and regional office costs
12
12
1H12
Indonesia,
Indonesia
81%
1H11
Asia,7%
Asia,8%
Indonesia,
Indonesia
80%
Europe,4%
Europe,8%
America,7%
America,1%
Africa,Middle
East&
Oceania 2%
Oceania,2%
,
Africa,Middle
Integrated Agribusiness with Leading Brands
East&
Oceania,2%
13
13
Financial Position
Strong liquidity with cash levels of Rp5.2 trillion and a low net gearing ratio of 0.07x
In Rp Bn
30-Jun-12
31-Dec-11
TOTAL ASSETS
33 850
33,850
33 207
33,207
Cash
5,246
6,535
TOTAL LIABILITIES
11 777
11,777
11 766
11,766
6,846
7,260
TOTAL EQUITY*
22,073
21,441
0.5x
0.2x
0.07x
0.03x
9,325
8,909
Integrated
Agribusiness
with Leading
Brands
Net Assets
Value
per Share
(in Rupiah)
14
14
S ti 3
Section
Strategies
g
and Expansion
p
15
Completed the expansion of sugar mill and refinery in Central Java from 3,000
TCD to 4,000 TCD in 2Q 2012, increasing the capacity to 720,000 MT of cane per
annum
p
to complete
p
another palm
p
oil mill in South Sumatra in 2013
Expect
At new Jakarta refinery in Tanjung Priok, added bottling and margarine plant in
1Q 2012
16
16
S ti 4
Section
Appendix
pp
17
Plantations
Downstream
Mills
Edible oils
and fats
Seed breeding
Finished
products
Distribution
Leading
g oil and
cooking
margarine
brands
* As of 30 Jun 2012
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18
Corporate Structure
83.8%
Indofood Singapore
68 95%
H ldi
Holdings
Pte
Pt68.95%
Ltd
Public
30.5% *
6.7%
69.5% *
72.00%
72.0%
Minority
Interest
Public
1.3%
20.0%
Public
40.5%
59.5%
* Based on total number issued shares, excluding 11,000,000 shares held in treasury by the company.
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Riau
Kalimantan
South Sumatra
Facilities
Units
Integrated
Agribusiness with
Leading Brands
Palmoilmill
21
4,860,000
FFB
Crumbrubberfacility
42,720
Dryrubber
Sheetrubberfacilityy
11,100
,
Dryrubber
y
Facilities
Town/City
Cocoa
Oil Palm
Tea
Sugar Cane
Refinery
Rubber
Copra Mill
Sugar Mill
Supply Chain
Units
Sugarmill&refinery
2,160,000
Sugarcane
Refinery
1,425,000
CPO
20
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Contact Us
This presentation was prepared solely and exclusively for the parties presently being invited for the purpose of
discussion. Neither this presentation nor any of its content may be reproduced, disclosed or used without the prior
written consent of Indofood Agri Resources Ltd.
This presentation may contain statements that convey future oriented expectations which represent the Companys
present views on the probable future events and financial plans. Such views are presented on the basis of current
assumptions are exposed to various risks,
assumptions,
risks and are subject to considerable changes at any time.
time Presented
Integrated
Agribusiness
with
Leading
Brands
assumptions are presumed correct at the, and based on the data available on the, date at which this presentation is
assembled. The Company warrants no assurance that such outlook will, in part or as a whole, eventually be
materialized. Actual results may diverge significantly from those projected.
Indofood Agri Resources Ltd.
Ltd All rights reserved.
reserved
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