Pt Jaya Agra Wattie Tbk · IDX:JAWA
Pt Jaya Agra Wattie Tbk — PT JA Wattie — 9M12 Earnings Presentation
26 slides from Pt Jaya Agra Wattie Tbk's earnings presentation, October 2012
Slide 1: Company Presentation 9M12 Performance
COMPANY PRESENTATION 9M12 PERFORMANCE
Slide 2: Notes & Disclaimer
Notes & Disclaimer Cautionary Note on Forward-looking Statements This presentation may contain statements regarding the business of PT JA Wattie Tbk., and its subsidiaries that are of a forward-looking nature and are therefore based on management’s assumptions about future developments. Such forward
Slide 3: JAWA Keynotes
JAWA Keynotes 91 Years Experience Expanding Land Bank Diversified Commodity Exposure Superior Plant Varieties Accelerating Productivity International Standards 3
Slide 4: Table of content
Table of content Agenda About the company Business Profile Rubber Oil Palm 9M12 Financial Highlight Plantation office, Ciseru 4
Slide 5: Overview
Overview JAW is an agribusiness enterprise engaging in cultivation, processing, agricultural logistics and marketing activities. With over 90 years experience in the agriculture sector, we have continually strengthened our business through a diversification approach, cultivating a variety of premium
Slide 6: Milestones
Milestones Expected Initial Public Offering 2012 to raise Started to develop Oil fund from Palm plantations in 2011 bond South Kalimantan issuance Soedarjo Family and 1997 Hadi Surya assumed control as majority shareholders 1987 Company plantations taken over by the 2008 Goverment in Established our
Slide 7: Corporate Structure
Corporate Structure As of 11 Oct 2012 PT Sinar Kasih Abadi PT Aji Lebur Seketi Public 51,00% 19,00% 30,00% 95,64% 98,26% 98,00% 80,00% 96,70% 99,90% 99,00% ABS AW BL BP CMK CP IJR 95,10% 95,47% 96,84% 98,00% 97,70% KE KJW MUL PB PK ABS : PT Agri Bumi Sentosa KE : PT Kaliduren Estates KJW : PT Kintap
Slide 8: Business Activity
Business Activity Plantation Processing Facilities Product Applications (as of 9M12) RSS 6 rubber sheet factories (Ribbed Total capacity: 13,500 kg/day Smoked Natural Sheet) Rubber Permit : 36,922 ha SIR 2 crumb rubber factories (Standard Total capacity: 3,000 kg/hour Indonesian Rubber) Crude Palm O
Slide 9: Rubber Plantation Location
Rubber Plantation Location Rubber Cultivation (Ha) 20,605 9,605 14,105 2011 2012 (T) 2013 (T) Unplanted Land Bank (Sep12) : 24,791 ha Subsidiaries : PT. Perkebunan Kroewoek (PK) PT. Kaliduren Estates (KE) PT. Indo Java Rubber Planting Co (IJR) PT. Banjoemas Landen (BL) PT. Perkebunan Biting (BT) PT.
Slide 10: Oil Palm Plantation Location
Oil Palm Plantation Location Oil Palm Cultivation (Ha) 21,088 24,588 27,088 2011 2012 (T) 2013 (T) Unplanted Land Bank (Sep12) : 13,557 ha Subsidiaries : PT. Kintap Jaya Wattindo (KJW) PT. Agri Bumi Sentosa (ABS) PT. Anugerah Wattiendo (AW) 10
Slide 11: Table of content
Table of content About the company Business Profile Agenda Rubber Oil Palm 9M12 Financial Highlight Rubber plantation, Ciseru 11
Slide 12: Rubber Plantation
Rubber Plantation Plantation Profile (Ha) 429 9% >25 years 1,488 939 Mature 29% 18% Immature 5,126 21-25 years 5,597 48% 11-20 years 52% 2,271 6-10 years 44% Nucleus Production (Tons) 2,127 2,004 1,814 1,744 1,760 1,681 1,659 1,412 1,418 1,274 1,323 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12
Slide 13: Rubber Plantation
Rubber Plantation Productivity Avg yield (tons/ha/year) 1.40 1.47 1.45 1.48 1.32 6,681 7,002 6,071 6,444 6,325 9M12 vs 9M11 4,937 5,210 +6% - - - 9M actual figure 2008 2009 2010 2011 2012T Small Holder Purchased (Tons) 6,270 3,894 2,731 9M12 vs 9M11 2,239 1,786 2,937 3,117 +6% - - - 9M actual figure
Slide 14: Rubber Plantation
Rubber Plantation Sales Volume (Tons) Sales by value (Port of destination) 13,272 5% 3% 9,886 4% Others 8,001 8,485 8,392 Pakistan 7% +9% 8% USA 7,682 8,370 China 73% India - - - 2008 2009 2010 2011 2012T Domestic 9M actual figure Profitability (IDR/kg) Production Cost * Excluding the cost of purcha
Slide 15: Table of content
Table of content About the company Business Profile Rubber Agenda Oil Palm 9M12 Financial Highlight Oil Palm Plantation, Kintap 15
Slide 16: Oil Palm Plantation
Oil Palm Plantation Plantation Profile (Ha) Mature 3,131 8-17 years 8,740 36% Immature 41% 4-7 years * 12,447 5,609 64% 59% * Include 4,000 Ha Plasma FFB Nucleus Production (Tons) 37,296 30,987 31,019 28,258 29,265 22,143 21,028 20,014 16,790 15,170 13,795 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q1
Slide 17: Oil Palm Plantation
Oil Palm Plantation Productivity Avg yield (tons/ha/year) 17.30 15.36 16.91 13.63 12.71 119,165 98,565 64,395 67,897 9M12 vs 9M11 39,814 99,302 69,300 +43% - - - 9M actual figure 2008 2009 2010 2011 2012T FFB Third Party Purchased (Tons) * Over 64.6% supply came from third party which * 76,590 opera
Slide 18: Palm Oil
Palm Oil CPO Sales Volume (Tons) Kernel Sales Volume (Tons) 37,263 6,663 6,122 30,355 5,063 27,166 4,029 19,762 +57% +53% 29,059 5,864 4,036 18,951 3,737 - - - - - - - 2008 2009 2010 2011 2012T 2008 2009 2010 2011 2012T 9M actual figure 9M actual figure Profitability (IDR/kg) Production Cost * Exclu
Slide 19: Table of content
Table of content About the company Business Profile Rubber Meeting Room, Wisma BSG Oil Palm Agenda 9M12 Financial Highlight 19
Slide 20: Financial Highlight
Financial Highlight Income Statement (IDR Bio) 9M11 9M12 YoY Sales 502 517 3% Sales4% Composition 2% 2% Rubber 329 263 -20% 4% CPO & Kernel 163 244 50% Others 10 10 -6% 4% 27%32% Others Others O CPO & Kernel 51% 47% CP 65% Gross Profit 236 200 -15% 69% 27% CPO & Kernel Rubber Others Ru Rubber 69% 27
Slide 21: Balance Sheet & Key Ratio
Balance Sheet & Key Ratio Balance Sheet (IDR Bio) 9M11 9M12 YoY Total Asset 1,878 2,124 13% Cash 554 335 -39% Total Liabilities 772 905 17% Interest Bearing Debt *) 649 725 12% *) A debt upon which interest is paid Equity attributable to owners 1,078 1,186 10% of the company Total Equity 1,106 1,219
Slide 22: End of Slides
End of Slides For further Information, please contact: Bambang S. Ibrahim Chief Finance Officer/ Corporate Secretary Email : bambang_ibrahim@jawattie.com Yosef Head of Investor Relation Email : yosef@jawattie.com Jl. Abdul Muis No. 40, Jakarta 10160 - Indonesia Phone +62-21-3505410 Fax +62-21-350541
Slide 23: Appendix
se PT. JA, WATTE Th, Wat eo « APPENDIX
Slide 24: BOC and BOD
BOC and BOD Soetikno Soedarjo Soedarniati Ratna Widjaja Harijadi Soedarjo Bambang Machfud Ashari Andi Hariyanto Sudarmanto Harnyoto Sugianto Ibrahim Sudrajat President Commissioner Independent President Director Finance Director Human Resources Development Unaffiliated Commissioner Commissioner and
Slide 25: Production Actual vs Target
Production Actual vs Target Production (Tons) 2011(T) 2011 ∆ YoY (%) 2012(T) ∆ YoY (%) Rubber Own Production 6,645 6,681 0.5 7,002 4.8 Small Holder 4,154 3,894 (6.3) 6,270 61.0 Total 10,799 10,575 (2.1) 13,272 25.5 Oil Palm Own Production 93,545 98,565 5.4 119,165 20.9 Third Party 26,580 28,320 6.5
Slide 26: Area in Hectares (Ha) as of 9M12
Area in Hectares (Ha) as of 9M12 Area in hectares (Ha) Rubber Oil Palm Coffee Tea Total Cultivation Right and Location Permits 36,922 37,551 540 504 75,517 Planted areas 10,723 21,188 536 504 32,951 Matured 5,126 8,740 531 504 14,902 *) Immature 5,597 12,447 5 - 18,049 Others 1,407 2,806 4 - 4,217 L