Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Palm Resources Holdings — FY2018 Earnings Presentation
18 slides from Singapore Exchange's earnings presentation, March 2019
Slide 1: Global Palm Resources Holdings Limited 4Q2018/FY2018 Results
Global Palm Resources Holdings Limited 4Q2018/FY2018 Results March 2019 and the planet
Slide 2: Disclaimer
This presentation has been prepared by Global Palm Resources Holdings Limited (“Company”) for informational purposes, and may contain projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on
Slide 3: Plantation, Mill and Products overview
Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia Process Fresh Fruit Bunches (FFB) Crude Palm Oil (CPO) harvested from Nucleus; purchased Customers: Indonesian palm oil As at 31 December 2018: from Plasma farmers and from refineries and palm oil bulking Total lan
Slide 4: Financial performance, production statistics and plantation highlights
Financial performance Revenue decreased 26% to Rp338.6 billion. Gross profit decreased 72% to Rp30.7 billion. Gross profit margin decreased by 15.1% point to 9.1%. Production statistics FFB processed decreased 6% to 217,376 tons. FFB yield decreased 6% to 16.6 tons/ha. CPO production dec
Slide 5: Income statement summary 4Q2018 and FY2018
4Q2017 FY2017 Indonesian Rupiah (Billions) 4Q2018 Var % FY2018 Var % (Restated) (Restated) Revenue 93.3 105.7 (12) 338.6 460.3 (26) Gross profit/(loss) (GP) (5.1) 22.7 n.m. 30.7 111.3 (72) (Loss)/profit before tax (8.2) 1.8 n.m. (4.5) 69.9 n.m. Net (loss)/profit for the (8.2) (3.6) +125 (7.5) 45.6 n
Slide 6: Sales volume, selling price and revenue by product
4Q2018 4Q2017 Var % FY2018 FY2017 Var % Sales volume (tons) CPO 16,307 11,507 (42) 46,325 51,825 (11) Palm kernels 1,500 2,000 (25) 6,501 8,003 (19) Ave. Selling Price (Rp/kg) CPO 5,368 7,977 (33) 6,609 8,009 (17) Palm kernels 3,806 6,979 (45) 4,988 5,646 (12) Revenue (Rp’ billion) CPO 87.5 91.8 (5)
Slide 7: Balance sheet summary
Indonesian Rupiah (Billions) 31 Dec 18 31 Dec 17 Var (%) Total assets 724.7 756.5 (4) Total liabilities (71.9) (98.6) (27) Current ratio (times) 12.9 8.9 +46 Net Gearing (%) n.m. n.m. n.m.
Slide 8: Cash flow summary
Indonesian Rupiah (Billions) 4Q2018 4Q2017 FY2018 FY2017 Net cash (used in)/from operating (8.0) 2.0 (58.3) 89.0 activities Net cash used in investing activities (4.1) (19.7) (26.0) (29.6) Net cash used in financing activities (0.07) (1.5) (23.0) (69.1) Cash on hand and in banks at the 308.7 397.0 3
Slide 9: Production Highlights
Production Highlights
Slide 10: FFB produced and FFB yield
FFB produced ('000 tons) 132.6 134.1 – Nucleus only 111.3 45.0 36.4 33.9 34.8 30.3 33.1 28.9 27.5 28.2 29.1 26.4 24.1 1Q16 2Q16 3Q16 4Q16 2016 1Q17 2Q17 3Q17 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018 FFB yield (tons/ha) - Nucleus only 17.7 16.3 16.6 5.5 4.5 4.2 4.5 4.1 3.9 3.8 3.6 3.9 3.9 3.4 2.8 1Q16 2Q16
Slide 11: Production output and FFB output
Production Output 4Q2018 4Q2017 Var % FY2018 FY2017 Var % (Tons) CPO 10,586 11,737 (10) 47,135 50,034 (6) Palm kernels 2,067 2,162 (4) 8,526 8,172 +4 FFB Output (Tons) 28,938 30,000 26,418 20,894 22,187 25,000 20,000 15,000 10,000 2,475 5,000 293 - 4Q2018 4Q2017 FFB produced (Nucleus) FFB purchased
Slide 12: Plantation Statistics
Plantation Statistics
Slide 13: Total planted area and land bank
FY2018 % of total FY2017 % of total Total Planted Area (ha) 13,300 100% 13,420 100% Mature 11,054 83.1% 11,925 88.9 % Immature 2,246 16.9% 1,495 11.1% • Total land bank 16,079 ha • 2,779 ha available for future cultivation
Slide 14: Area cultivated by age profile
Area cultivated First 3 years 4 - 6 years 7 - 18 years Above 18 Total (Immature) (Mature) (Prime) years Nucleus (ha) 2,246 112 2,189 4,388 8,935 Plasma (ha) 0 5 1,650 2,710 4,365 Total (ha) 2,246 117 3,839 7,098 13,300 % of cultivated area 16.9% 0.9% 28.9% 53.3% 100.0% Nucleus Immature, Nucleus Plas
Slide 15: Industry Outlook and Business Strategies
Industry Outlook and Business Strategies
Slide 16: CPO and palm kernel prices
9,000 8,578 8,000 8,004 7,963 7,884 7,000 7,338 7,685 7,635 7,977 6,230 6,435 6,979 7,516 7,529 6,000 5,857 5,257 6,359 6,150 6,724 5,000 4,000 5,094 3,995 5,368 2,983 3,000 4,225 3,806 2,000 1,000 0 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 CPO PK 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 • We expect CPO prices to be vola
Slide 17: Expansion and Optimisation strategies
Expansion Optimisation Develop uncultivated land bank Co-Composting plant • Land location permit obtained for 3,460 ha of land • Yielding cost savings from use of organic in sub-districts of Ngabang and Jelimpo, both compost fertilisers from our plantation’s EFB located in Landak Regency, West Kalim
Slide 18: Thank you
Thank you Q&A session
Global Palm Resources Holdings — FY2018 Earnings Presentation on 6ix