Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Palm Resources Holdings — Q2 2016 Earnings Presentation
17 slides from Singapore Exchange's earnings presentation, August 2016
Slide 1: Global Palm Resources Holdings Limited 2Q/FY2016 Results
Global Palm Resources Holdings Limited 2Q/ FY2016 Results August 2016
Slide 2: A palm oil producer in Indonesia
A palm oil producer in Indonesia Office Office Plantation and mill Office Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia Process FFB harvested from Nucleus; Crude Palm Oil (CPO) purchased from Plasma farmers and Customers: Indonesian palm oil As at 30 June 2016
Slide 3: Salient Highlights for 2Q2016
Salient Highlights for 2Q2016 Financial performance • EBITDA at Rp19.8 billion • Revenue increased 33% to Rp106.3 billion: – CPO sales revenue increased 26% to Rp90.5 billion mainly due to higher CPO sales volume and CPO average selling price – PK sales revenue increased 106% to Rp15.8 billion mainl
Slide 4: P&L Highlights
P&L Highlights Indonesian Rupiah 2Q2016 2Q2015 Var % 1H2016 1H2015 Var % (Billions) Revenue 106.3 79.7 33 192.4 168.4 14 Gross profit (GP) 25.3 17.9 41 36.1 43.3 (17) Profit before tax 14.7 5.5 271 18.9 20.7 (9) Net Profit for the period 17.3 3.4 402 14.7 16.1 (9) Profit attributable to 16.5 3.0 445
Slide 5: Segment Review
Segment Review 2Q2016 2Q2015 Var % 1H2016 1H2015 Var % Sales volume (tons) CPO 11,304 10,006 13 24,164 20,211 20 Palm kernels 3,015 2,000 51 5,024 4,000 26 Ave. Selling Price (Rp/kg) CPO 8,004 7,194 11 7,060 7,490 (6) Palm kernels 5,257 3,849 37 4,347 4,258 2 Revenue (Rp’ billion) CPO 90.5 72.0 26 1
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights Indonesian Rupiah (Billions) 30 June 16 31 Dec 15 Var (%) Total assets 1,031.9 1,036.1 (0.4) Total liabilities (136.5) (145.5) +6.2 Current ratio (times) 15.9 11.5 +38.5 Net Gearing (%) n.m. n.m. n.m. 6
Slide 7: Cash Flow Statement Highlights
Cash Flow Statement Highlights Indonesian Rupiah (Billions) 2Q2016 2Q2015 1H2016 1H2015 Net cash from/(used) in operating activities 14.9 (0.6) 46.1 (16.0) Net cash used in investing activities (5.9) (11.7) (11.8) (20.2) Net cash used in financing activities (8.5) (29.2) (11.6) (30.8) Cash on hand a
Slide 8: Production Highlights
Production Highlights
Slide 9: Production Output
Production Output FFB produced ('000 tons) – Nucleus only 154.2 146.7 138.6 54.4 35.9 42.7 41.9 40.3 38.9 39.7 36.3 37.9 28.4 31.6 33.1 32.8 30.3 24.1 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015 1Q16 2Q16 1H2016 FFB yield (tons/ha) - Nucleus only 15.2 15.6 15.8 6.3 4.2
Slide 10: Production Statistics 2Q2016
Production Statistics Production Output 2Q16 2Q15 Var % 1H16 1H15 Var % (Tons) CPO 8,543 12,640 (32) 19,200 23,145 (17) Palm kernels 1,335 2,306 (42) 3,332 4,430 (25) 2Q2016 1Q2015 1,297 tons 1,423 tons 18,688 tons 14,315 tons 24,169 tons 39,712 tons FFB purchased from 3rd party FFB purchased from P
Slide 11: Plantation Statistics
Plantation Statistics
Slide 12: Plantation statistics
Plantation statistics 1H2016 % of total 1H2015 % of total Total Planted Area (ha) 13,503 100% 13,667 100% Mature 13,038 96.6% 13,186 96.5% Immature 465 3.4% 481 3.5% • Total land bank 16,079 ha • 2,576 ha available for future cultivation 12
Slide 13: Age Profile @ 30 June 2016
Age Profile @ 30 June 2016 Area cultivated First 3 years 4 - 6 years 7 - 18 years Above 18 years Total (Immature) (Mature) (Prime) Nucleus (ha) 465 1,346 1,581 5,757 9,149 Plasma (ha) 0 630 2,946 778 4,354 Total (ha) 465 1,976 4,527 6,535 13,503 % of cultivated area 3.4% 14.7% 33.5% 48.4% 100.0% Pla
Slide 14: Industry Outlook and Business Strategies
Industry Outlook and Business Strategies 14
Slide 15: Average Selling Prices (Rp/Kg)
Average Selling Prices (Rp/Kg) CPO Palm kernels 8,004 7,636 7,780 8,472 7,879 6,451 8,496 7,194 8,070 6,353 6,230 7,057 5,819 5,243 4,668 3,849 5,509 4,847 5,257 4,618 2,872 2,983 2,823 2,425 2,494 3,446 2,661 2,262 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 • We expect CP
Slide 16: Strategies And Future Plans
Strategies And Future Plans Expansion Optimisation Develop uncultivated land bank Co-Composting plant • Land location permit obtained for 7,170 ha • Yielding cost savings from use of organic compost of land in East Kalimantan fertilisers from our plantation’s EFB and POME • Land location permit obta
Slide 17: Thank you Q & A session
Thank you Q & A session
Global Palm Resources Holdings — Q2 2016 Earnings Presentation on 6ix