Indofood Agri Resources Ltd. · SGX:5JS

Indofood Agri Resources — Q1 2007 Earnings Presentation

21 slides from Indofood Agri Resources's earnings presentation, April 2007

  1. Slide 1: Integrated Plantation with Leading Brands - Q1 2007 Results

    INTEGRATED PLANTATION WITH LEADING BRANDS Company Presentation - Q1 2007 Results April 2007

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation was prepared solely and exclusively for the parties presently being invited for the purposes of discussion. Neither this presentation nor any of its content may be reproduced, disclosed or used without the prior written consent of Indofood Agri Resources Ltd. This presen

  3. Slide 3: Presentation Outline

    PRESENTATION OUTLINE 1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 3

  4. Slide 4: Executive Summary

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 4

  5. Slide 5: Executive Summary

    EXECUTIVE SUMMARY Key Ratios Q1 Q1 2007 2006 Gross Margin 20.5% 18.2% EBITDA Margin 16.7% 15.7% Operating Profit Margin 21.4% 13.7% Net Profit After Minority Margin 7.2% 6.7% 41.5% 59.7% 50.6% 51.7% 1,202 1,202 247 87 247 87 200 200 850 850 57 133 57 155 155 133 Q1 2006 Q1 2007 Q1 2006 Q1 2007 Q1 20

  6. Slide 6: Key Plantation Highlights

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 6

  7. Slide 7: Plantation Highlights

    Plantation Highlights In Hectares 31 March 2007 31 Dec 2006 Increase Total Land Bank *) 224,083 **) 138,542 85,541 • Riau 60,755 60,755 - • Other Regions 163,328 77,787 85,541 Planted Area ***) 74,878 66,900 7,978 • Riau 56,672 56,610 62 • Other Regions 18,206 10,290 7,916 Mature Area ***) 61,532 59

  8. Slide 8: Plantation Highlights

    Plantation Highlights Q1 2007 Q1 2006 Growth FY2006 FFB Production (‘000 tons) 281 254 10.3% 1,324 • Riau 279 253 10.3% 1,320 • Other Regions 1 1 - 4 FFB Yield (Ton / Ha) 4.6 4.3 6.5% 22.3 • Riau 5.1 4.7 9.7% 24.4 • Other Regions 0.2 0.1 - 0.8 CPO Production (‘000 tons) 65 58 11.8% 300 CPO Extractio

  9. Slide 9: Financial Highlights

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 9

  10. Slide 10: Financial Highlights

    Financial Highlights Rp bn Q1 2007 Q1 2006 DESCRIPTION (Unaudited) (Unaudited) Growth FY 2006 SALES 1,202 100.0% 850 100.0% 41.5% 4,089 100.0% GROSS PROFIT 247 20.5% 155 18.2% 59.7% 1,007 24.6% EBITDA 200 16.7% 133 15.7% 50.6% 801 19.6% Gains arising from changes in fair value of biological assets 8

  11. Slide 11: Revenue by Business Segment

    Revenue by Business Segment *) Q1 Q12007 2007 Q1 Q12006 2006 Rp 820 bn [55%] Rp 585 bn [55%] Rp 305 bn [20%] Rp 212 bn [20%] Rp 367 bn [25%] Rp 270 bn [25%] Cooking Oil Commodity Plantation CookingRp Rp 1,493 bnshowed highest contribution in terms of Revenue Oil1,492 Division bn Revenue growth in al

  12. Slide 12: EBITDA by Business Segment

    EBITDA by Business Segment *) 100% 100% 4% 7% 9% CPO CPO 101% Source 87% Source Externally Externally 0% 0% (8%) Q1 2007 Q1 2006 Plantation – CPO internally supplied Cooking Oil Commodity 12

  13. Slide 13: Segment Information

    Segment Information Rp bn Sales EBITDA EBITDA Margin DESCRIPTION Q1 07 Q1 06 Q1 07 Q1 06 Q1 07 Q1 06 Plantations 367 270 243 143 66.1% 53.0% Cooking Oil & Fats 820 585 25 10 3.0% 1.7% Commodity 305 212 12 (11) 3.9% (5.1%) Elimination & Adjustment (291) (217) (79) (9) Total 1,202 850 200 133 16.7% 15

  14. Slide 14: Plantation Sales

    Plantation Sales *) Q1 2007 Q1 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (tons) CPO 65,697 68,082 (3.5%) 304,690 PK 15,806 13,688 15.5% 63,560 SALES VALUE (Rp bn) CPO 321 233 37.4% 1,133 PK 38 29 30.3% 126 Others 8 8 11.5% 46 Total 367 270 35.9% 1,305 SELLING PRI

  15. Slide 15: Cooking Oil & Fats Sales

    Cooking Oil & Fats Sales *) Q1 2007 Q1 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (tons) Cooking Oil 84,991 79,222 7.3% 370,909 Margarine 37,945 40,094 (5.4%) 177,655 Others **) 14,233 5,776 146.4% 53,720 Total 137,168 125,092 9.7% 602,284 SALES VALUE (Rp bn) Cook

  16. Slide 16: Commodity Sales

    Commodity Sales Q1 2007 Q1 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (MT) CNO 37,714 25,272 49.2% 86,554 RBD Palm Oil / Olein 10,984 11,534 (4.8%) 42,055 Others **) 15,041 44,640 (66.3%) 100,486 Total 63,739 81,447 (21.7%) 229,095 SALES VALUE (Rp bn) CNO 207 117

  17. Slide 17: Maintain Market Share

    Maintain Market Share Branded Cooking Oil Branded Branded Margarine Margarine 41% 41% 57% 57% 59% 59% 43% 43% Q1`2007 FY 2006 FY Q1 2006 2007 Q1`2007 FY 2006 FY Q12006 2007 IndoAgri Others IndoAgri Others 17 Source: internal estimate

  18. Slide 18: Financial Position

    Financial Position Rp bn Mar 2007 Dec 2006 DESCRIPTION (Unaudited) (Proforma) Biological Assets 2,746 2,481 Cash & Cash Equivalents 1,760 322 Total Assets 7,447 5,586 Total Equity 5,323 2,794 Funded Debt 128 1,093 Gearing Ratio 0.02 0.39 18

  19. Slide 19: Strategic Initiatives

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 19

  20. Slide 20: Strategic Initiatives

    STRATEGIC INITIATIVES PLANTATION • Start commercial operation of CPO mill in West Kalimantan (45 FFB tons / hour) • Plan to develop additional 20,000 ha by 2007. • Continue cost saving initiatives e.g. use 100% organic wastes as fertilizer. • Develop 250,000 ha of oil palm plantations by 2015. COOKI

  21. Slide 21: Thank You

    THANK YOU 21

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