Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — FY2021 Earnings Presentation
18 slides from Bumitama Agri's earnings presentation, March 2022
Slide 1: Bumitama Agri Quarterly Performance Full Year 2021
BUMITAMA AGRI Excellence through discipline Quarterly Performance Full year 2021
Slide 2: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 1
Slide 3: Executive Summary – Full Year 2021 Performance
Executive Summary – Full Year 2021 Performance Record-breaking year for Bumitama as revenue, net profit, and EBITDA reached all-time high ● Quarterly performance was attributable to surge in palm oil and lauric oil prices amidst the less-than-expected palm oil supply within the period o In 4Q21, rev
Slide 4: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 3
Slide 5: FFB Harvest in 2021
FFB Harvest in 2021 Despite weather-related constraint in 4Q21 period, production volume in FY21 climbed further Total Internal External 2% 2% 4% Thousand tons Thousand tons Thousand tons 4,643 1,269 4,534 3,374 1,220 3,314 -12% -30% 1,033 339 299 720 4Q20 4Q21 FY20 FY21 4Q20 4Q21 FY20 FY21 FFB Yiel
Slide 6: Income Statement Highlights
Income Statement Highlights 2021 was a milestone year for Bumitama as revenue grossed over IDR 10 trillion Revenue Gross Profit Net Profit* 53% IDR billion IDR billion IDR billion 35% 37% 3,457 12,249 1,721 29% 30% 2,526 1,126 1,288 649 987 505 9,102 4Q20 4Q21 FY20 FY21 4Q20 4Q21 FY20 FY21 24% EBITD
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Productivity resilience has helped us to perform optimally amid less-than-expected supply in 4Q21 Production Volume Productivity (FY20 vs FY21) 3% Yield (ton per ha), OER (%) Thousand tons 1,025 1,052 22.6 22.6 -25% CPO IDR 10,650.1 bn 86.9% 309 231 4.3 4.2 4Q20 4Q21 FY20 FY21 C
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) Commodity price has surged even more in the lauric oil market Production Volume Productivity (FY20 vs FY21) PK IDR 1,598.5 bn 3% Yield (ton per ha), OER (%) Thousand tons 13.1% 4.8 4.8 216 223 -22% 65 51 0.9 0.9 4Q20 4Q21 FY20 FY21 PK yield KER Revenue Average Selling Price Sales Vo
Slide 9: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 8
Slide 10: Rising Fundamentals – Financial Performance
Rising Fundamentals – Financial Performance Financial growth in the past decade amidst headwinds from external factors CAGR: 2% 12,000 4.5 MYR thousand (per ton) IDR billion CAGR: 16% 4.0 10,000 3.5 8,000 3.0 2.5 6,000 2.0 4,000 1.5 CAGR: 12% 1.0 2,000 CAGR: 8% 0.5 0 0.0 4Q21 4Q11 1Q12 2Q12 3Q12 4Q1
Slide 11: Rising Fundamentals – Production Performance
Rising Fundamentals – Production Performance Rising production trend has been fueling our performance growth over the past decade 4,000 Thousand tons CAGR: 12% 3,500 3,000 2,500 2,000 1,500 CAGR: 12% 1,000 500 0 4Q21 1Q14 3Q19 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 2Q14 3Q14 4Q14 1Q15 2Q15 3Q1
Slide 12: Rising Fundamentals – Productivity
Rising Fundamentals – Productivity Excellence through discipline is the reason behind our productivity resilience 25 6 5 20 4 15 Ton per ha Ton per ha 3 10 2 5 1 0 0 4Q21 3Q13 2Q14 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 4Q13 1Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
Slide 13: Rising Fundamentals – Gearing Ratio
Rising Fundamentals – Gearing Ratio Robust performance in 2021 has paved the way for significant improvement in leverage ratio 1.0x 0.9x 0.8x 0.7x 0.6x 0.5x 0.4x 0.3x 0.2x 4Q12 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 Gearing ratio Net gearing ratio 12
Slide 14: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 13
Slide 15: 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 Consolidated Riau West Kalimantan Central Kalimantan Total planted area: 188k ha ● 2k ha planted area ● 81k ha planted area ● 10
Slide 16: Total Planted Area per December 2021
Total Planted Area per 31 December 2021 Favorable age profile to produce optimal yield in upcoming years Planted area of about 188k hectares, consisting of nucleus estates covering 133k hectares, and plasma estates covering 55k hectares; average age of 11.6 years old Old & Matured 96.4% Immature 3.6
Slide 17: 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 Website: www.bumitama-agri.com QR code for our website 16
Slide 18: Thank You / Important Notice
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