Pt Gozco Plantations Tbk · IDX:GZCO
Pt Gozco Plantations Tbk — CIMB Plantation Day 2012
28 slides from Pt Gozco Plantations Tbk's conference presentation, Sep 4, 2012
Slide 1: CIMB Plantation Day 2012
Growing for the future CIMB Plantation Day 2012 4 September 2012, Kuala Lumpur
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by PT. Gozco Plantations Tbk. (“Gozco Plantations”). The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be
Slide 3: Outline
Outline • About Gozco Plantations • Operational & Financial Performance • Target & CAPEX 2012 • Company’s updates 3
Slide 4: Management Team
Management Team Board of Commissioners President & Independent Commissioner Mustofa Commissioner Rudyansyah Bin Abdul Cosim Commissioner Harijanto Independent Commissioner Benyamin Subrata Board of Directors CEO Tjandra Mindharta Gozali COO Kreisna Dewantara Gozali Director Andrew Michael Vincent Di
Slide 5: Company's Milestones
Company’s Milestones • Initially entered oil palm business by acquiring Suryabumi, an estate at South Sumatra 1999 with around 9 thousand ha in total area and 4 thousand ha immature area • Started to manage the estate full time under new management by conducting 2003 reorganization & rehabilitation
Slide 6: Company's Structure
Company’s Structure (As of June 2012) 6
Slide 7: Plantation Area
Plantation Area (As of June 2012) Due to the uncertainty of moratorium in the forest conversion which refers to Presidential Instruction No.10 in 2011, The company will only report the land that falls under Land for Other Usage (APL) status. Currently, out of 119,937 ha in total area, 53,135 ha area
Slide 8: Plantation Area
Plantation Area (As of June 2012) 8
Slide 9: Planted Area and Mill by Region
Planted Area and Mill by Region (As of June 2012) South Sumatra West Kalimantan Planted: 24,794 ha Planted: 4,836 ha 1 Mill 90 MT/hour 1 Mill 45 MT/hour (under construction) Central Kalimantan* Planted: 7,359 ha 1 Mill 45 MT/hour *) Including Indotruba area and Mill at Central Kalimantan 9
Slide 10: Planted Area Profile
Planted Area Profile (As of June 2012 in ha) Immature Mature Mature Young (4-7 years) 42%42% 58% 17% 58% Average Age Planted Area : 7 years Note: Including Indotruba area of 6,605 ha 10
Slide 11: Operational Performance
Operational Performance GOZCO PLANTATIONS
Slide 12: FFB Nucleus Production
FFB Nucleus Production ( In thousand tons) Note: Excluding Production from Indotruba 12
Slide 13: FFB Processed
FFB Processed ( In thousand tons) 191 139 Note: Excluding Production from Indotruba 13
Slide 14: CPO & PK Production
CPO & PK Production ( In thousand tons) Extraction Rate* Year CPO PK 2007 21.27% 4.01% 2008 22.11% 4.54% 2009 22.34% 4.32% 2010 22.08% 4.48% 2011 21.26% 4.33% 1H 2012 23.16% 4.61% *) Excluding production from Indotruba 14
Slide 15: Planted Area & New Planting
Planted Area & New Planting ( As of June 2012) As of Dec 2011 As of June 2012 Change Area (ha) Area (ha) Area (ha) Mature 18,855* 18,855* - Immature 10,498 10,847 349 Planted Nucleus 29,353 29,702 349 Mature 1,688 2,574 886 Immature 5,443 4,713 (730) Planted Plasma 7,131 7,287 156 Total Mature 20,54
Slide 16: Financial Performance
Financial Performance
Slide 17: Sales Volume
Sales Volume ( In thousand tons) 17
Slide 18: Average Selling Price CPO & PK
Average Selling Price CPO & PK ( In IDR/kg) 7909 7446 ASP Projection (IDR/kg) 6998 7239 FY 2012: 6612 CPO: IDR 7,600 6288 PK: IDR 4,100 4887 4551 4467 3748 3479 2936 CPO PK 2007 2008 2009 2010 2011 1H 2012 18
Slide 19: Sales Value
Sales Value ( In IDR.bio) 493 455 408 291 214 166 19
Slide 20: Income Statement Highlights
Income Statement Highlights ( In IDR.bio) IDR Million 2007 2008 2009 2010 2011 1H 2012 Sales 133 291 408 455 493 166 Gross Profit 67 116 145 193 156 59 EBITDA 57 166 250 331 328 125 Net Profit Attributable to Owners of the parent 26 55 204 161 167 48 Basic earnings per share (IDR) 7.39 12.31 40.88 3
Slide 21: Balance Sheet Highlights
Balance Sheet Highlights ( In IDR.bio) IDR Million 2007 2008 2009 2010 2011 1H 2012 Total Assets 1,018 1,428 1,993 2,095 2,834 2,940 Total Liabilities 480 517 863 865 1,327 1,385 Equity Attributable to Owners 506 881 1,069 1,170 1,492 1,540 Of the Parent 21
Slide 22: Financial Ratios
Financial Ratios Financial Year 2007 2008 2009 2010 2011 1H 2012 Gross Profit Margin (%) 50 40 36 42 32 35 Net Margin (%) 19 19 50 35 34 29 Debt to Equity (%) 95 59 80 74 89 90 Net Gearing (%) 70 8 37 46 64 71 22
Slide 23: Target & CAPEX FY 2012
Target & CAPEX FY 2012 ——
Slide 24: Target FY 2012
Target FY 2012 Production (tons) 2011 2012 Projection (Actual) (Projection) Growth FFB Production 167,625 185,000 10% FFB Plasma & 3rd Party 105,839 100,000 -6% FFB Processed 273,464 285,000 4% CPO 58,139 64,125 10% Palm Kernel 11,845 12,825 8% Yield (Ton/ha) 13.68 15.10 10% New Planting Target FY 2
Slide 25: CAPEX FY 2012
CAPEX FY 2012 Budget CAPEX FY 2012 ~ IDR.301 bio • New Planting of 4,000 ha: IDR.96 bio • Maintenance of Immature of 15,055 ha: IDR.153 bio • 35% payment of mill and port in Golden Blossom: IDR.47 bio • Completion of Palembang regional office: IDR.5 bio CAPEX utilization until June 2012 ~ IDR.92 bio
Slide 26: Company's Updates
Company’s Updates • New Representative Office for Subsidiaries in Palembang Strategic step to increase effectivity and efficiency among subsidiaries within the group in one building • New Agronomy Division The Agronomy team will responsible for procedure & advisory, internal control and training 26
Slide 27: Thank You
Thank You For further queries please contact : Ferryan Syukri at Investor Relations Ferryan.syukri@gozco.com Visit www.gozco.com/investor.html Surabaya Representative Office Head Office Surabaya Representative Office Palembang Representative Office Graha Permata Pancoran Gedung Bank Yudha Bhakti Lt.
Slide 28: GOZCO Plantations
G GOZCO PLANTATIONS