Pt Gozco Plantations Tbk · IDX:GZCO
Pt Gozco Plantations Tbk — Investor Presentation (April 2013)
28 slides from Pt Gozco Plantations Tbk's investor presentation, April 2013
Slide 1: PT Gozco Plantations Tbk. Company Presentation
PT Gozco Plantations Tbk. Company Presentation Jakarta, April 2013 2
Slide 2: Disclaimer
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
Slide 3: Outline
Outline • About Gozco Plantations • Operational & Financial Performance • Target & CAPEX 2013 3
Slide 4: Management Team
Management Team BOARD OF COMMISIONER • President Commissioner : Mustofa • Commissioner : Rudyansyah Bin Abdul Cosim • Commissioner : Harijanto • Independent Commissioner : Benyamin Subrata BOARD OF DIRECTORS • President Director : Tjandra Mindharta Gozali • Vice President Director : Kreisna Dewantar
Slide 5: Company's Milestones
Company’s Milestones • Initially entered oil palm business by acquiring Suryabumi, an estate at South Sumatra 1999 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
Slide 6: Structure of The Company
Structure of The Company (as of December 2012) 6
Slide 7: Planted Area and Mill by Region
Planted Area and Mill by Region (as of 31 December 2012) West Kalimantan Planted Area: 6.498 Ha Central Kalimantan Planted Area: 7.385 Ha South Sumatera 1 Mill: 45 Ton/Hour Planted Area: 25.188 Ha 1 Mill: 90 Ton/Hour 1 Mill: 45 MT/Hour (Under Construction) 7
Slide 8: Plantation Area
Plantation Area (as of 31 Dec 2012 in hectares) Due to the uncertainty of moratorium in the forest conversion which refers to Presidential Instruction No.10 in 2011, The company will only report land that falls under Land for Other Usage (APL) status. The detail as follow: APL Area (ha) Total Area P
Slide 9: Planted Area Profile
Planted Area Profile (as of 31 Des 2012 in hectares) Planted Area Mature Planted Area Old Immature 3.626 Mature 20.15% 21.430 17.641 Young 54.85% 45.15% 8.194 35.23% Prime 9.610 44.62% *Including Indotruba Area of 6.605 ha Average Age Planted Area : 8 Years 5 Months 9
Slide 10: Operational Performance 2012
Operational Performance 2012* (as of 31 Des 2012 da) *Excluding production from Indotruba 10
Slide 11: FFB Nucleus Production
FFB Nucleus Production (In Thousand Tons) 171 161 168 171 153 127 168 3% 2011 2012 2008 2009 2010 2011 2012 Yield 2012 : 13.98 ton/ha 11
Slide 12: FFB Processed
FFB Processed (In Thousand Tons) 98 113 69 52 64 3 8 11 3rd Party 0 Plasma 0 Nucleus 153 161 168 171 128 2008 2009 2010 2011 2012 12
Slide 13: CPO & PK Production
CPO & PK Production (In Thousand Tons) 60 58 52 54 42 CPO PK 12 11 12 10 9 2008 2009 2010 2011 2012 Extraction rate (%) 2008 2009 2010 2011 2012 CPO 22.11 22.34 22.08 21.26 22.89 PK 4.54 4.32 4.48 4.33 4.34 13
Slide 14: Planted Area & New Planting
Planted Area & New Planting (as of 31 Des 2012 in hectares) 31 Des 2011 31 Des 2012 Change Description Area (ha) Area (ha) Area (ha) Mature 18.855* 18.855* - Nucleus Immature 10.498 12.712 2.214 Planted Nucleus 29.353 31.567* 2.214 Mature 1.688 2.574 886 Total New Plasma Immature 5.443 4.931 (512) P
Slide 15: Financial Performance 2012
Financial Performance 2012* (as of 31 Des 2012 da) *Excluding production from Indotruba 15
Slide 16: CPO & PK Sales Volume
CPO & PK Sales Volume CPO & Palm Kernel (In Thousand Tons) 60 58 57 52 37 CPO PK 13 12 10 10 9 2008 2009 2010 2011 2012 16
Slide 17: Average Selling Price
Average Selling Price* (IDR/Kg) 7446 7239 7102 6998 6288 CPO 4887 PK 4551 3538 3748 2936 2008 2009 2010 2011 2012 *Price Exclude Ppn 17
Slide 18: Sales Value
Sales Value (IDR Billions) 493 455 408 61 405 46 34 36 291 32 432 PK 409 374 369 CPO 259 2008 2009 2010 2011 2012 18
Slide 19: Income Statement Highlights
Income Statement Highlights (IDR Billions) IDR Billion 2008 2009 2010 2011 2012 Sales 291 408 455 493 405 Gross Profit 116 145 193 156 157 Net Profit Attributable to Owners of the 55 204 161 167 97 Parent Basic Earnings per share (IDR) 12.31 40.88 32.16 33.42 19.41 19
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights (IDR Billions) IDR Billion 2008 2009 2010 2011 2012 Total Assets 1.428 1.993 2.095 2.834 3.188 Total Liabilities 517 863 865 1.327 1.587 Equity Attributable to Owners of the Parent 881 1.069 1.170 1.492 1.584 20
Slide 21: Financial Ratios
Financial Ratios Financial Year 2008 2009 2010 2011 2012 Gross Profit Margin (%) 39.86 35.54 42.42 31.64 38.77 Net Margin (%) 18.83 50.11 35.38 33.90 23.94 Debt to Equity (%) 58.65 80.70 73.94 88.95 99.20 Return on Equity (%) 6.21 19.10 13.73 11.20 6.06 21
Slide 22: Target & Capex 2013
Target & Capex 2013 22
Slide 23: Target 2013
Target 2013 2012 2013 Production (Tons) Projection Growth (Actual) (Projection) FFB Production 171.274 200.000 17% FFB Plasma & 3rd 63.381 100.000 58% Party FFB Processed 234.771 300.000 28% CPO 53.746 69.000 28% Palm Kernel 10.182 12.000 18% New Planting FY 2013: 4.000 ha 23
Slide 24: Capital Expenditures 2013
Capital Expenditures 2013 • New Planting of 4.000 ha : IDR 126 bio • Maintenance of Immature of 13.822 ha : IDR 197 bio • 30% remaining balance for new CPO Mill : IDR 35 bio • 30% remaining balance for new Port @ GBS : IDR 6 bio • Office Building Construction : IDR 5 bio Budget Capital Expenditures
Slide 25: Notes
Notes
Slide 26: Notes
Notes
Slide 27: Thank You
Thank You For further queries please contact : Investor Relations at corporate@gozco.com www.gozco.com/investor.html Jakarta Office Surabaya Office Palembang 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 54-56
Slide 28: GOZCO Plantations
C GOZCO PLANTATIONS
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