Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — H1 2024 Earnings Presentation
16 slides from Bumitama Agri's earnings presentation, August 2024
Slide 1: Quarterly Performance First Half of 2024
Excellence Through Discipline Quarterly Performance First Half of 2024
Slide 2: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 3: Executive Summary – First Half of 2024
Executive Summary – First Half of 2024 Price recovery in the second quarter has started to strengthen key financial metrics Despite the 4% setback in 2Q24 revenue, quarterly profitability begins to spike versus 1Q24 figures o Gross profit, net profit, and EBITDA is up QoQ, by 19%, 61%, and 41% respe
Slide 4: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 5: FFB Harvest
FFB Harvest FFB production in 2Q24 remains muted due to lower bunch count. However, recovery is expected in the second half of the year, resulting in a bigger second half contribution Total Internal* External 10% -11% -4% Thousand tons Thousand tons -20% 813 Thousand tons 2% 10% 2% 740 1,721 1,539 2
Slide 6: Income Statement Highlights
Income Statement Highlights Core profit spiked 43% QoQ to reach IDR533.47 billion in 2Q24, amounting to IDR907.17 billion in 1H24, or 14% lower than 1H23 Revenue Gross Profit Net Profit* -16% -28% 1% IDR billion 2,154 IDR billion 1,189 IDR billion 7,496 7,600 -27% -30% 1,799 61% 19% 857 1,342 760 97
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Three consecutive quarterly rise in ASP is supported by sustained market dynamics, from a low of IDR10,817 in 3Q23 to IDR12,257 in 2Q24, highest in the past eight quarters Production Volume Productivity -5% -0.2% 550 522 22.4 22.2 Yield (ton/ ha), OER (%) Thousand tons -16% 3% -
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) Price ratio between PK and CPO has started to strengthen considerably in 2Q24, from an average of 48% in the past five quarters to 56% in 2Q24, and the uptrend still continues Production Volume Productivity -2% PK -10% IDR 703 bn Thousand tons Yield (ton per ha), KER (%) 112 109 9%
Slide 9: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 10: Fundamentally strong
Fundamentally strong Improving industry prospects in the past five years have resulted in robust financial performance and paved the way for significant deleveraging Post dip from record high prices in 2022, palm oil Financial well-being following plentiful cash flow from remains at elevated level o
Slide 11: Operational outperformance and resilience
Operational outperformance and resilience Excellence through discipline is the driving force behind our best agronomy practices through synergy creation amongst tens of thousands of individuals working in unity Production volume Productivity 4.0 CAGR: 22 6 3% 3.5 21 5 3.0 20 4 Ton per ha 2.5 Ton per
Slide 12: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 13: Area of Operations
Area of Operations Considerable amount of our planted surface is strategically located in areas of good precipitation and temperature, well suited for oil palm cultivation Singapore West Kalimantan ● 80k ha planted area ● 6 mills with 360 tph capacity Riau ● 2k ha planted area ● 1 mill with 90 tph c
Slide 14: Total Planted Area
Total Planted Area Planted area of about 186k hectares, consisting of nucleus estates covering 123.8k hectares, and plasma estates covering 62.6k hectares; average age is 14 years old Producing 97.2% Immature 2.8% Immature Producing Data presented is as of 30 June 2024 P A G E 13
Slide 15: Contact Us
Contact Us If you need further information, please email us at investor.relations@bumitama-agri.com Bumitama Agri Ltd. 10 Anson Road #11-19 International Plaza Singapore 079903 Tel: +65 6222 1332 Fax: +65 6222 1336 QR code for our website www.bumitama-agri.com P A G E 14
Slide 16: Thank You
Thank You Important Notice This presentation has been prepared by Bumitama Agri Ltd. (“Bumitama” or the “Company”) for informational purposes only. It is not to be constructed as investment or financial advice and does not constitute an offer or an invitation to invest in the Company. This presentat