Jaya Tiasa Holdings Bhd. · MYX:JTIASA
Jaya Tiasa Holdings Bhd — Q4 2011 Earnings Presentation
30 slides from Jaya Tiasa Holdings Bhd's earnings presentation, June 2011
Slide 1: Corporate Presentation 4th Quarter 2011
Corporate Presentation 4th Quarter 2011 (period ended 30 April 2011) Updated June 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 55,017 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 55,017
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 8,232* 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: 4QFY2011 Financial Highlights
4QFY2011 Financial Highlights (February 2011 – April 2011) FYE for JT is 30 April YTD YTD 4QFY11 4QFY10 Change Change Year End 30 April 4QFY11 4QFY10 RM ’000 RM ’000 % % RM ’000 RM ’000 Revenue 255,522 189,622 35% 870,913 746,001 17% Gross Profit 95,503 28,744 232% 284,149 119,878 137% Profit before
Slide 13: 4QFY2011 Financial Highlights: Profit Before Tax by Segment
4QFY2011 Financial Highlights Profit Before Tax by Business Segments YTD YTD 4QFY11 4QFY10 Change Change Profit before tax 4QFY11 4QFY10 RM ’000 RM ’000 % % RM ’000 RM ’000 Timber 31,604 12,339 156% 110,116 27,819 296% operations Oil Palm 41,481 4,286 868% 104,287 23,284 348% operations CPO mill 393
Slide 14: Cash Flow
Cash Flow Current Corresponding RM ’000 year-to-date year-to-date 30 April 2011 30 April 2010 Net cash from operating activities 237,686 153,346 Net cash used in investing activities (164,761) (155,472) Net cash from financing activities (36,252) (5,998) Effect of exchange rate changes (4,960) 1,359
Slide 15: Balance Sheet
Balance Sheet RM ’000 As at current FY end As at preceding FY end 30/04/11 30/04/10 Non-Current Assets 1,934,171 1,803,422 Current Assets 374,823 353,404 Total Assets 2,308,994 2,156,826 Total Equity 1,253,190 1,111,702 Non-Current Liabilities 662,496 622,439 Current Liabilities 393,308 422,685 Tota
Slide 16: Agenda
Agenda Company Overview Financial Performance Operations Review 16
Slide 17: Revenue Breakdown by Products
Revenue Breakdown by Products Feb 10 - Apr 10 4QFY10 (%) Plywood 42 Logs 43 4QFY11 (Feb 11 - Apr 11) Sawn Timber 4 Veneer 1 FFB 5 PK CPO 4 CPO 2% Plywood PK 1 13% 31% FFB Average Selling Price 13% Feb 11- Feb 10- RM/m3 Apr 11 Apr 10 Plywood 1,393 1,413 Veneer Logs 717 514 7% Sawn Sawn Timber 985 854
Slide 18: Timber Operation: Revenue Breakdown by Countries
Timber Operation Revenue Breakdown by Countries 4QFY10 4QFY11 (Feb 11 – Apr 11) (Feb 10 – Apr 10) % Japan 9% China/ UK/ Middle East India 20% Hong Kong Europe 4% 9% 1% Asean Middle East 9% Korea 8% 21% Taiwan 15% Korea 14% India 17% China / 8% Hong Kong Asean 7% Japan 18% USA 18% Taiwan 22% Operatio
Slide 19: Timber Operation: Logs Sales Performance
Timber Operation Logs Sales Performance 1QFY11 4QFY10 4QFY11 ((Feb May11 10––Apr Jul 11) 10) (Feb 10 – Apr 10) % Japan 10% China/ India 48% Asean Hong Kong Japan 12% 2% 16% Taiwan 20% China/Hong Kong 7% Asean 10% Korea 5% Taiwan 29% India 41% Operations Review 19
Slide 20: Timber Operation: Plywood Sales Performance
Timber Operation Plywood Sales Performance 4QFY10 4QFY11 (Feb 11 – Apr 11) (Feb 10 – Apr 10) % Middle East 17% UK/ Japan 8% Europe Korea 22% USA Taiwan 1% Middle East China/ 1% China/ 6% 9% 8% Hong Kong Hong Kong 17% Taiwan 11% Japan 23% UK/Europe 1% USA 33% Korea 43% Operations Review 20
Slide 21: Timber Operation: Sawn Timber Sales Performance
Timber Operation Sawn Timber Sales Performance 4QFY10 4QFY11 (Feb 11 – Apr 11) (Feb 10 – Apr 10) % Asean 68% Middle East Taiwan 9% Taiwan 1% China/Hong Kong 20% 20% Korea 3% Asean 79% Operations Review 21
Slide 22: Timber Production Utilisation
Timber Operation Timber Production Utilisation 4QFY11 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-2011 30-Apr-2012 30-Apr-2013 30-Apr-2014 30-Apr-2015 (Actual) Planted Area (Ha) 55,017 61,087 67,587 67,587 67,587 Matured Area (Ha) 25,058 37,399 47,701 56,631 62,587 FFB Production (MT) 358,798 500,114 723,236 941,094 1,126,146 Projected Revenue (RM’000) 208,906 275,063
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 4Q’11 4Q’10 Mill Production (Feb’11-Apr’11) (Feb’10-Apr’10) CPO Production (MT) 9,366 5,000 CPO Extraction Rate 17.57% 18.33% Average CPO selling price (MYR/MT) 3,482 2,535 PK Production (MT) 1,539 1,050 PK Extraction Rate 3.02% 4.44% Average PK selling price (MYR/MT) 2,653 1,366 Oper
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 Jul 2009 45 (Capacity expandable to 90 (Initial and upgrade) MT/hour in 2011) Mill 2 Dec 2012 60 Daro Plantation 80,000 Mill 3 Jun 2013 100 Lassa Pl
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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