Jaya Tiasa Holdings Bhd. · MYX:JTIASA
Jaya Tiasa Holdings Bhd — Q3 FY2011 Earnings Presentation
30 slides from Jaya Tiasa Holdings Bhd's earnings presentation, March 2011
Slide 1: Corporate Presentation 3rd Quarter 2011
Corporate Presentation 3rd Quarter 2011 (period ended 31 January 2011) Updated March 2011 1
Slide 2: Agenda
Agenda Company Overview Financial Performance Operations Review 2
Slide 3: Company Overview
Company Overview • Principal activities – extraction and trading of logs – manufacturing and export of plywood, veneer and sawn timber, block-board and film-overlay – development of oil palm estate (since 2002) – management & operation of CPO mill; and – reforestation • Products Round logs Plywood S
Slide 4: Timber Concession Area
Timber Concession Area Forest Concession T/3113 T/3114 T/3044 T/3352 Total License No. T/3353 T/3370 T/3371 T/3372 Gross Area (Hectares) 65,487 78,838 50,648 518,238 713,211 Extraction Quota Per Month Total Per Annum (July 2010 – June 2011) Volume (m3) 94,500 1,134,000 Large timber concession area a
Slide 5: Timber Concession - location
Timber Concession - location Company Overview 5
Slide 6: Timber Production Capacity
Timber Production Capacity The Group downstream processing activities are carried out by its 3 wholly owned subsidiary companies:- Products Total Installed Production Capacity Per Month 35,000 Plywood Production (m3) Per Year 420,000 Per Month 27,000 Veneer Production (m3) Per Year 324,000 Per Month
Slide 7: Oil Palm Operations
Oil Palm Operations • Sizeable oil palm estate with estimate plantable area of 70,900 ha. Planted 54,087 ha to-date. • Significant contribution from oil palm sector in the next few years PLANTED TO-DATE Oil Palm Plantations Planted Area Matured Area Total Land Area 83,483 hectares (Estimated 54,087
Slide 8: Crude Palm Oil
Crude Palm Oil W Wealth Houses Palm Oil Mill (45 MT/hour) Annual Production Per Month Total Per Annum Capacity Volume (mt) 22,500 270,000 8
Slide 9: Reforestation (Planted Forest Operation)
Reforestation (Planted Forest Operation) Sustainable forest management, reforestation and renewable resources to ensures long-term growth PLANTED TO-DATE LPF Project Gross Area (Ha) Plantable Area (Ha) Planted to-date (Ha) % Planted LPF 0023 Merirai Balui 55,910 29,959 8,186* 27% LPF 0024 Bahau Lina
Slide 10: Planted Forest Operations - Location
Planted Forest Operations - Location Company Overview 10
Slide 11: Agenda
Agenda Company Overview Financial Performance Operations Review 11
Slide 12: 3QFY2011 Financial Highlights
3QFY2011 Financial Highlights (November 2010 – January 2011) FYE for JT is 30 April YTD YTD 3QFY11 3QFY10 Change Change Year End 30 April 3QFY11 3QFY10 RM ’000 RM ’000 % % RM ’000 RM ’000 Revenue 237,647 209,686 13.3% 615,391 556,380 10.6% Gross Profit 83,358 46,957 77.5% 188,646 84,063 124.4% Profi
Slide 13: 3QFY2011 Financial Highlights: Profit Before Tax by Segment
3QFY2011 Financial Highlights Profit Before Tax by Business Segments YTD YTD 3QFY11 3QFY10 Change Change Profit before tax 3QFY11 3QFY10 RM ’000 RM ’000 % % RM ’000 RM ’000 Timber 23,257 14,427 61% 67,925 15,480 339% operations Oil Palm 38,562 11,070 248% 69,397 18,998 265% operations CPO mill 22 (3
Slide 14: Cash Flow
Cash Flow Current Corresponding RM ’000 year-to-date year-to-date 31 January 2011 31 January 2010 Net cash from operating activities 145,573 98,673 Net cash used in investing activities (120,921) (114,965) Net cash from financing activities (17,451) 15,884 Effect of exchange rate changes (5,252) (3,
Slide 15: Balance Sheet
Balance Sheet RM ’000 As at end of current As at end of preceding FY quarter 31/01/11 ended 30/04/10 Non-Current Assets 1,884,177 1,803,422 Current Assets 328,361 353,404 Total Assets 2,212,538 2,156,826 Total Equity 1,195,988 1,111,702 Non-Current Liabilities 657,880 622,439 Current Liabilities 358
Slide 16: Agenda
Agenda Company Overview Financial Performance Operations Review 16
Slide 17: Revenue Breakdown by Products
Revenue Breakdown by Products Nov 09 - Jan 10 3QFY10 (%) Plywood 34 Logs 50 3QFY11 (Nov 10 - Jan 11) Sawn Timber 4 Veneer 2 FFB 6 Plywood PK 29% CPO 4 1% CPO PK - 11% Average Selling Price Nov 10- Nov 09- RM/m3 Jan 11 Jan 10 Plywood 1,361 1,384 FFB Logs 667 475 13% Logs Veneer 37% Sawn Timber 860 82
Slide 18: Timber Operation: Revenue Breakdown by Countries
Timber Operation Revenue Breakdown by Countries 3QFY10 3QFY11 (Nov 10 – Jan 11) (Nov 09 – Jan 10) % Japan 8% China/ India 28% Korea Australia Hong Kong 11% 1% 9% Middle East 7% USA Japan 9% Middle East Taiwan 20% 11% 3% Korea 8% China / Asean 13% 8% Hong Kong Taiwan Asean 5% 17% India USA 10% 31% UK
Slide 19: Timber Operation: Logs Sales Performance
Timber Operation Logs Sales Performance 1QFY11 3QFY10 3QFY11 ((Nov May10 10––Jan Jul 11) 10) (Nov 09 – Jan 10) % Japan 9% China/ Hong Kong India 55% Asean 3% 8% Korea Taiwan 19% Taiwan 1% 18% Japan 7% China/Hong Kong 12% Asean 4% Korea 1% India 63% Operations Review 19
Slide 20: Timber Operation: Plywood Sales Performance
Timber Operation Plywood Sales Performance 3QFY10 3QFY11 (Nov 10 – Jan 11) (Nov 09 – Jan 10) % Middle East 17% Japan 8% Taiwan USA 12% Korea 16% 21% China/ China/ Hong Kong 16% Hong Kong 18% Middle Taiwan 17% East UK/Europe 3% 6% USA 23% Japan Korea 18% 25% Operations Review 20
Slide 21: Timber Operation: Sawn Timber Sales Performance
Timber Operation Sawn Timber Sales Performance 3QFY10 3QFY11 (Nov 10 – Jan 11) (Nov 09 – Jan 10) % Asean 80% Taiwan 16% China/Hong Kong Middle East China/Hong Kong 3% 8% 1% Taiwan Middle East 1% 12% Asean 79% Operations Review 21
Slide 22: Timber Production Utilisation
Timber Operation Timber Production Utilisation 3QFY11 Jaya Tiasa Rimbunan Jaya Tiasa Total Total Production Plywood Hijau Timber Installed Actual Utilisation S/B Plywood S/B Products Production Production S/B Capacity Plywood Per Month 15,000 10,000 10,000 35,000 19,000 54% Production (m3) Per Year
Slide 23: Oil Palm Operations: Planting Schedule
Oil Palm Operations Planting Schedule Land Estimated Project Project Development Planted Immature Matured Plantation Area Plantable Commence Completion work achieved to-date (ha) (ha) (ha) area (ha) in percentage (ha) Simalau Plantation 5,003 4,900 2002 2005 100% 4,866 0 4,866 Hariyama Plantation 10
Slide 24: Oil Palm Projections
Oil Palm Projections 30-Apr-2010 30-Apr-2011 30-Apr-2012 30-Apr-2013 30-Apr-2014 (Actual) Planted Area (Ha) 50,424 57,550 62,950 67,800 72,740 Matured Area (Ha) 14,772 25,522 37,358 47,568 58,968 FFB Production (MT) 183,067 270,726 444,650 636,680 821,772 Projected Revenue (RM’000) 77,250 162,436 22
Slide 25: Oil Palm Yield
Oil Palm Yield FY2011 FY2010 FY2009 FY2008 May 20,351 12,224 7,801 3,715 Jun 25,287 13,694 9,010 4,091 Monthly Jul 32,521 13,875 9,586 5,051 1Q 78,159 39,793 26,397 12,857 Fresh Fruit Bunch Production Aug 31,727 16,530 9,529 5,314 Volume Sep 28,488 16,751 9,008 5,313 (metric tonnes) Oct 29,001 19,91
Slide 26: Palm Oil Mills
Palm Oil Mills 3Q’11 3Q’10 Mill Production (Nov’10-Jan’11) (Nov’09-Jan’10) CPO Production (MT) 7,383 4,000 CPO Extraction Rate 17.96% 16.35% Average CPO selling price (MYR/MT) 3,499 2,377 PK Production (MT) 1,140 500 PK Extraction Rate 3.36% 3.93% Average PK selling price (MYR/MT) 2,601 1,158 Operat
Slide 27: Palm Oil Mills
Palm Oil Mills Date Capacity Capital Expenditure Mills Commission (MT / hour) Location of Palm Oil mills (RM’000) Wealth House plantation 65,000 Mill 1 July 2009 45 (Capacity expandable to 90 (Initial and upgrade) MT/hour in 2011) Mill 2 Dec 2012 60 Daro Plantation 70,000 Mill 3 Dec 2013 100 Lassa P
Slide 28: Oil Palm Operations - Location
Oil Palm Operations - Location Operations Review 28
Slide 29: Contact details
No. 1- 9 Pusat Suria Permata Jalan Upper Lanang 10A 96000 Sibu, Sarawak, Malaysia www.jayatiasa.net 29 29
Slide 30: Disclaimer
Disclaimer This presentation was prepared for informational purposes only and shall not be copied, or relied upon by any other person for whatever purpose. This presentation must be viewed in conjunction with the oral presentation provided by officers of Jaya Tiasa Holdings Berhad. Nothing in this p
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