Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — Shareholder Meeting (2025)
26 slides from Bumitama Agri's shareholder meeting presentation, Apr 28, 2025
Slide 1: Bumitama Agri – AGM 2025
Excellence Through Discipline Bumitama Agri – AGM 2025 FY24 Performance
Slide 2: Table of Contents
Performance Highlights Table of Corporate Overview Contents Industry Overview Contact Us
Slide 3: Executive Summary – Full year 2024
Executive Summary – Full year 2024 The year 2024 ended in high note for Bumitama Key financial metrics in 4Q24 surged over previous quarters o Revenue, net profit, and EBITDA spiked 30%, 39%, and 48% QoQ The accelerated financial performance was driven by surging output as plantation estates managed
Slide 4: The elevated price spiked further in September
The elevated price spiked further in September Lower-than-expected production finally sent palm oil futures spiking to almost MYR5,200 per ton in mid-November, from MYR3,740 per ton in mid-September 3rd month contract in MDEX Daily tender price by KPBN 5.5 17 Thousand Ringgit per ton Million Rupiah
Slide 5: FFB Harvest
FFB Harvest As previously guided, production in 4Q24 spiked which resulted in bigger second half for the year, at 54% of total Total Internal* External -10% 9% -4% Thousand tons Thousand tons 3,720 Thousand tons 5,385 3,361 1,822 5,183 1,664 27% 9% 32% 24% 1,019 932 1,019 574 574 802 435 464 3Q24 4Q
Slide 6: Income Statement Highlights
Income Statement Highlights Key financial metrics in 4Q24 surged over previous quarters, resulting in second highest EBITDA per ha of IDR37.47 million in 2024 – second only to the 2022 commodity boom Revenue Gross Profit Net Profit* -8% 8% -7% IDR billion 4,719 IDR billion IDR billion 4,357 16,732 2
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Quarterly rise in ASP not only continued, but accelerated in 4Q24 – the fifth one in a row and second only to the 2Q22 peak Revenue Production Volume Productivity (FY24 vs FY23) -7% -10% -0.7% PK 1,222 Yield (ton/ ha), OER (%) Thousand tons 1,142 22.7 22.0 20.6 18.6 30% 9% -12%
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) Price ratio between PK and CPO strengthen further in 4Q24, amounting to 68%, or highest since mid-2022 Revenue Production Volume Productivity -7% -10% Thousand tons PK, Yield (ton per ha), KER (%) 20.6 IDR 1,847 bn, 253 18.6 11% 234 28% 3% -0.2% -20% 70 68 70 55 4.7 4.5 1.0 0.8 CPO
Slide 9: Table of Contents
Performance Highlights Table of Corporate Overview Contents Industry Overview Contact Us
Slide 10: Corporate Profile
Corporate Profile Having been in the business for nearly three decades, Bumitama Agri is one of the leading oil palm plantation operators in Indonesia that is publicly listed in SGX Ownership Structure Share Performance – daily average 0.90 1.0 SGD millions SGD Public 0.9 15% 0.85 0.8 Treasury 0.80
Slide 11: Milestones
Milestones Empowered by our motto: Excellence through Discipline, the Group endeavors to be a leading CPO producer through continuous improvement, focusing on productivity, cost efficiency, sustainability, and growth Added 2 milling Achieved Group’s Rating upgrade for facilities, for a total first R
Slide 12: 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 ● 7 mills with 400 tph capacity Riau ● 2k ha planted area ● 1 mill with 90 tph c
Slide 13: Fundamentally strong
Fundamentally strong Improved industry prospects in the decade have resulted in robust financial performance and paved the way for significant deleveraging Sound capital structure following strong cash flow Palm oil price has remained at elevated level from operations in recent years 1.0x 18 CAGR: 6
Slide 14: Elevated palm oil price environment
Elevated palm oil price environment In addition to the elevated palm oil price in the past five years, vigilance in spotting opportunities, flexibility in marshalling resources, and a disciplined, well-timed execution have positioned us ahead of the curve Revenue EBITDA Net Profit 20 6 3.0 18 5 2.5
Slide 15: Structurally changed dynamics
Structurally changed dynamics Transformation of two key drivers behind Bumitama’s performance in the past decade. Structurally changed dynamics in the edible oil market provided tailwind for the price uptrend Production Volume – CPO Rapid demand growth Average in Indonesia Selling since 2015 Price –
Slide 16: Bumitama as a proxy to the industry
Bumitama as a proxy to the industry Aside from higher prices due to growing scarcity in supply, productivity resilience in the face of weather disruptions proved critical in optimizing shareholder value Despite the historic 10% dip in FFB harvest in 2024, Amidst shifting market dynamics and weather
Slide 17: Upgraded dividend policy
Upgraded dividend policy In view of our strong balance sheet and relatively consistent cash flow despite challenges in recent years, we are in the position to upgrade our policy to support higher payout ratio of 40% - 60% Dividend distribution (per share) Dividend payout ratio and yield 13.6% 7.80 6
Slide 18: Operating with discipline to surmount challenges
Operating with discipline to surmount challenges With discipline and consistency, we pressed on with precision agronomic practices to sharpen our operational efficiency and mitigate against extreme weather swings Production volume Productivity 4.0 25 6 3.5 5 20 CAGR: 3.0 4% 4 15 Ton per ha 2.5 Ton p
Slide 19: Table of Contents
Performance Highlights Table of Corporate Overview Contents Industry Overview Contact Us
Slide 20: Back at USD1k per ton more frequently
Back at USD1k per ton more frequently 1,800 7,500 Twin-peak: Black Sea war and Price rally amidst export restriction rising energy Supply glut due to by a major 1,600 demand and industry rapid producing country Elevated price 6,500 linkage with crude expansion following environment due the commodity
Slide 21: Structurally changed dynamics
Structurally changed dynamics The growth of palm oil production has slowed down massively over time, and that of exports even more, owing to the Indonesian biodiesel program World production growth of palm oil is slowing down TheRapid rapiddemand demandgrowth growthininIndonesia Indonesiasince since
Slide 22: Indonesia, the world’s biggest palm oil producer
Indonesia, the world’s biggest palm oil producer Around 60% of world’s palm oil is produced in Indonesia, but production has slowed down in the past 6 years while domestic use climbs aggressively at the expense of exports The year 2019 was pivotal for Indonesian palm oil. Since establishment Rapid i
Slide 23: Stockpile to slide further in 2025
Stockpile to slide further in 2025 Deteriorating supply outlook due to production losses in the Black Sea Region will widen the production deficit and raise dependence on soybean oil USDA forecast – Major vegetable oils Rapid demand growth Oilworld in Indonesia forecast since 2015 – 8 major oils 35
Slide 24: Table of Contents
Performance Highlights Table of Corporate Overview Contents Industry Overview Contact Us
Slide 25: 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 24
Slide 26: 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