PT Austindo Nusantara Jaya Tbk · IDX:ANJT
PT Austindo Nusantara Jaya Tbk — Q3 2013 Earnings Presentation
38 slides from PT Austindo Nusantara Jaya Tbk's earnings presentation, January 2014
Slide 1: PT Austindo Nusantara Jaya Tbk Company Presentation
PT Austindo Nusantara Jaya Tbk Company Presentation Achieving Success Through Principle Centered Management January 2014
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Austindo Nusantara Jaya Tbk (“ANJ” or “Company”) for informational purposes, and may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views a
Slide 3: Table of Contents
Table of Contents Section 1 Company Overview 4 - Introduction 5 - Corporate Structure Overview 6 - Management 7 Section 2 Business Profile 9 - Palm Oil 9 - Sago 13 - Renewable Energy 17 Section 3 Operational Highlights 19 - Palm Oil 19 - Sago 30 - Renewable Energy 31 - Other Investments 32 Section 4
Slide 4: Company Overview
Section 1 COMPANY OVERVIEW 4
Slide 5: Introduction
Introduction • Established in 1993. • Listed on Indonesia Stock Exchange on 8 May 2013 (ANJT:IJ). PROFILE • Floating 10% of shares with IPO price IDR 1,200. • Market capitalization as of 31 October 2013 was ~IDR 4.0tn at IDR 1,200/share. • Focus on food (palm oil & sago) and renewable energy. • Less
Slide 6: Corporate Structure Overview
Corporate Structure Overview MDN(1) AKJ(2) George Tahija Sjakon Tahija Yayasan Tahija(3) Public (40.31%) (40.31) (4.69%) (4.68%) (<0.1%) (10.00%) ANJA PI ANJAP (8) AANE GMIT North Sumatra Plantation I (20.00%) Papua Sago Project Biogas Project Tobacco Processing (99.996%) 95.00% (99.50%) (98.99%) (9
Slide 7: Experienced Management Team and Strong Corporate Governance
Experienced Management Team and Strong Corporate Governance An Average of Over 25 Years of Plantation Experience Suwito Istini Tatiek Achmad Hadi Sucipto Anggoro Siddharta Fauzan Maridjan President Deputy Director, ANJ Director, ANJ Director, ANJ President Director, ANJ • Over 30 years of energy and
Slide 8: Supported by a Reputable and Long-Standing Board of Commissioners
Supported by a Reputable and Long-Standing Board of Commissioners A. Machribie George S. Tahija Sjakon G. Tahija Reksohadiprodjo Commissioner Commissioner Independent President Commissioner • Member of the ANJ Board of Commissioners • Co-owner and former President Director of • Co-founder of ANJ and
Slide 9: Business Profile: Palm Oil
Section 2 BUSINESS PROFILE PALM OIL 9
Slide 10: Significant Plantable Landbank Supporting Future Plantings
Significant Plantable Landbank Supporting Future Plantings PT Austindo Nusantara Jaya PT Austindo Nusantara Jaya PT Galempa Sejahtera Agri (“ANJA”) Agri Siais (“ANJAS”) Bersama (“GSB”) TOTAL Landbank 9,935 ha Landbank 9,639 ha Landbank 20,000 ha Landbank 139,038 ha Plantable area 9,813 ha Plantable
Slide 11: Landbank
Landbank Landbank Landbank 139139 As of 9M13 140 70 65 120 60 56 97 97 100 In '000 hectare 50 In '000 hectare 80 54 54 40 60 32 32 44 44 41 43 33 37 29 30 32 32 30 40 18 20 20 11 11 10 - - - - - - Landrights Plantable Planted area Mature area - area Sumatra Kalimantan Papua 2010 2011 2012 9M13 Immat
Slide 12: Papua Project Location
Papua Project Location Papua Sago & Palm Oil • 40,000 ha of land concessions for sago Project harvesting. BORNEO Kalimantan • 40,500 ha estimated plantable area for Sumatra Papua palm oil INDONESIA Java Oil Palm Plantation Area Sago Area 12
Slide 13: Business Profile: Sago
Section 2 BUSINESS PROFILE SAGO 13
Slide 14: Sago - Introduction
Sago - Introduction • Sago palms typically grow in forests, but can also be cultivated commercially • They grow in clusters of 3 to 5 of different intervals and have a life span of approximately 10 What is years Sago? • Sago starch is harvested from the trunk of the sago palm • Starch content is hig
Slide 15: ANJ's Production Process for Sago Starch
ANJ’s Production Process for Sago Starch Sago – sustainable and natural production model minimizes production costs 1 2 3 • Existing natural sago forests in • Growing cycle of ~10 years from • Only mature palm (in flowering West Papua, Indonesia rosette to flowering stage stage) will be harvested •
Slide 16: Key Attractions of Sago
Key Attractions of Sago 1 Perpetual economic life Utilization of entire palm Tree Characteristics Higher tolerance to pests, diseases, droughts and floods as it grows in swamp areas More stable starch production profile 2 Does not require fertilizing or pest management Estate Management
Slide 17: Business Profile: Renewable Energy
Section 2 BUSINESS PROFILE RENEWABLE ENERGY 17
Slide 18: Renewable Energy
Renewable Energy • Construction of first plant located in Belitung Island was completed in 2012. • Power Purchase Agreement entered into with PLN in November 2012. • Obtained a business license for electricity supply known as IULPTL (previously IUKU) and is now a licensed independent power producer
Slide 19: Operational Highlights: Palm Oil
Section 3 OPERATIONAL HIGHLIGHTS PALM OIL 19
Slide 20: Operational Highlights
Operational Highlights 1. PALM OIL • Weather effects resulted in lower production volume in Belitung plantation in 3Q 2013. Operating • North Sumatra 1 volume production improved further in 3Q 2013, Plantation but still trailing result in 3Q 2012. • North Sumatra 2 volume production is higher by 19%
Slide 21: FFB Production
FFB Production FFB Production - Internal FFB Production - Internal 250,000 250 216 200,000 186 200 173 169 174 In tonnes 150,000 162 In '000 tonnes 140 144 144 137 149 136 150 125 100,000 105 100 83 50,000 - 50 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4
Slide 22: FFB Purchased
FFB Purchased FFB Purchased from third parties FFB Purchased from third parties 40,000 36 40 34 33 36 31 33 30,000 35 In tonnes In '000 tonnes 30 25 25 20,000 23 24 24 21 25 20 10,000 15 7 - 10 5 4Q 2012 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 1Q 2013
Slide 23: Volume of CPO Production - Mixed
Volume of CPO Production - Mixed Volume of CPO Production Volume of CPO Production 60,000 60 55 50,000 50 43 44 46 45 40,000 40 39 40 40 38 39 In tonnes in '000 tonnes 40 33 35 30,000 28 20,000 30 21 10,000 20 - 10 4Q 2012 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 20
Slide 24: Volume of PK Production - Mixed
Volume of PK Production - Mixed Volume of PK Production Volume of PK Production 14,000 14 13 12,000 12 11 10 10,000 9 10 10 in '000 tonnes In tonnes 10 8 9 9 9 9 8,000 8 8 6,000 8 6 4,000 6 5 2,000 4 - 2 2Q 2012 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 3Q 2012 4Q 2012
Slide 25: Extraction Rate - Internal
Extraction Rate - Internal OER OER 23.00% 22.76% 25.00% 22.55% 22.33% 22.36% 22.50% 21.99% 23.00% 22.00% 21.77% 21.00% 21.40% 21.50% 19.00% 21.00% 17.00% Oct-10 Oct-11 Oct-12 Apr-13 Apr-10 Apr-11 Apr-12 Jan-10 Jan-11 Jan-12 Jan-13 Jul-13 Jul-10 Jul-11 Jul-12 20.50% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Slide 26: Sales Volume - Mixed (CPO)
• In tonnes - 20,000 30,000 40,000 50,000 60,000 10,000 1Q 2010 ANJA 2Q 2010 3Q 2010 4Q 2010 1Q 2011 SMM 2Q 2011 3Q 2011 4Q 2011 SIAIS 1Q 2012 CPO Sales Volume 2Q 2012 3Q 2012 4Q 2012 Combined 1Q 2013 2Q 2013 3Q 2013 Sales Volume - Mixed In '000 tonnes - 10 20 30 40 50 60 1Q 2010 20 2Q 2010 25 3Q 20
Slide 27: Sales Volume - Mixed (PK)
• In tonnes - 5,000 10,000 15,000 1Q 2010 ANJA 2Q 2010 3Q 2010 4Q 2010 1Q 2011 SMM 2Q 2011 3Q 2011 4Q 2011 SIAIS 1Q 2012 PK Sales Volume 2Q 2012 3Q 2012 4Q 2012 Combined 1Q 2013 2Q 2013 3Q 2013 Sales Volume - Mixed In '000 tonnes - 10 12 2 6 8 4 4 1Q 2010 5 2Q 2010 9 3Q 2010 PK sales volume in 9M13
Slide 28: Sales Price
Sales Price Average Sales Price CPO Price Ex-mill Rotterdam Benchmark vs. Actual 1000 870 1,200.00 835 790 800 698 1,100.00 658 670 679 1,000.00 In USD/mt In USD/mt 600 471 459 900.00 386 354 303 302 337 800.00 400 700.00 200 600.00 500.00 0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 CPO PK Rotterdam Benchm
Slide 29: Operational Highlights: Palm Oil Planting Progress
Operational Highlights 2. PALM OIL • West Kalimantan estate will be fully planted by year end 2013 with total area of 12,030 ha. Planting Progress • Papua land preparation progress much quicker than expected. Total land planted First nursery is prepared and land clearing will start soon. 3Q13: 43,05
Slide 30: Operational Highlights: Sago
Operational Highlights 3. SAGO • Construction is at machineries integration stage. • Commissioning and trial production will start soon. First Mill Construction Progress • Trial production period during which the product’s characteristics will be calibrated and transport logistics established will t
Slide 31: Operational Highlights: Renewable Energy
Operational Highlights 4. RENEWABLE ENERGY • AANE is in final stage of its machineries installation, after a slight delay on importation, expected to complete and start electricity AANE production at the end of November. • DGI unit 2 will resume production in December 2013, after extensive series on
Slide 32: Operational Highlights: Other Investments
Operational Highlights 5. OTHER INVESTMENTS Minority Interest in • Lower than expected performances. Palm Oil Energy • Absent of dividend from Puncajaya Power. Tobacco • Better sales and profit. 32
Slide 33: Financial Highlights
SECTION 4 FINANCIAL HIGHLIGHTS 33
Slide 34: Income Statement
Income Statement In USD (thousands) 9M13 9M12 Diff % Income 114,491 141,899 (27,408) -19.3% Expenses 92,096 93,237 (1,141) -1.2% Income before tax 22,395 48,662 (26,267) -54.0% Net income from continuing operations 14,010 34,459 (20,449) -59.3% Net income from discontinued operations - 56,703 (56,70
Slide 35: Income Statement (Quarterly)
Income Statement 2013 2012 In USD (thousands) 1Q13 2Q13 3Q13 1Q12 2Q12 3Q12 Income 35,483 39,864 39,144 41,245 49,269 51,385 Expenses 29,560 32,419 30,117 29,886 33,286 30,065 Income before tax 5,923 7,445 9,027 11,359 15,983 21,321 Net income from continuing operations 3,839 4,887 5,284 8,178 10,93
Slide 36: Financial Position
Financial Position In USD (thousands) 9M13 FY12 A Diff % Current assets 87,095 109,319 (22,224) -20.3% Non current assets 318,611 290,049 28,562 9.8% Total assets 405,705 399,368 6,337 1.6% Current liabilities 31,659 55,881 (24,222) -43.3% Non current liabilities 14,327 15,818 (1,491) -9.4% Total li
Slide 37: Contact Us
Contact Us If you need further information, please contact our Investor Relations Department: PT Austindo Nusantara Jaya Tbk Atrium Mulia, 3A Floor, Suite 3A-02 Jl. H.R. Rasuna Said Kav B.10-11 Jakarta 12910 - Indonesia T: +62-21-29651777 F: +62-21-29651788 E: investor.relations@anj-group.com www.an
Slide 38: Thank You
END OF PRESENTATION THANK YOU 38
PT Austindo Nusantara Jaya — Q3 2013 Earnings Presentation on 6ix