Pt Gozco Plantations Tbk · IDX:GZCO
Pt Gozco Plantations Tbk — Citi ASEAN Investor Conference 2013
28 slides from Pt Gozco Plantations Tbk's conference presentation, June 2013
Slide 1: Citi ASEAN Investor Conference 2013
Citi ASEAN Investor Conference 2013 Jakarta, June 2013 2
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 2013 3
Slide 4: Management Team
Management Team BOARD OF COMMISIONER • President Commissioner : Mustofa • Commissioner : Rudyansyah Bin Abdul Cosim • Commissioner : Harijanto • Independent Commissioner : Benyamin Subrata BOARD OF DIRECTORS • President Director : Tjandra Mindharta Gozali • Vice President Director : Kreisna Dewantar
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: Structure of The Company
Structure of The Company (as of 31 March 2013) 6
Slide 7: Planted Area and Mill by Region
Planted Area and Mill by Region (as of 31 March 2013) West Kalimantan Planted Area: 6.857 Ha Central Kalimantan Planted Area: 7.385 Ha South Sumatera 1 Mill: 45 Ton/Hour Planted Area: 25.197 Ha 1 Mill: 90 Ton/Hour 1 Mill: 45 MT/Hour (Under Construction) 7
Slide 8: Plantation Area
Plantation Area (as of 31 March 2013 in hectares) Due to the uncertainty of moratorium in the forest conversion which refers to Presidential Instruction No.10 in 2011, The company will only report land that falls under Land for Other Usage (APL) status. The detail as follow: APL Area (ha) Total Area
Slide 9: Planted Area Profile
Planted Area Profile (as of 31 March 2013 in hectares) Planted Area Mature Planted Area Old ≥ TM 16 Immature 5.087 14.190 20% Young ≤ TM 5 Mature 36% 12.399 25.249* TM 6 ≤ 49% 64% Prime ≤ TM 15 7.763 31% *Including Indotruba Area of 6.605 ha Average Age Planted Area : 10 Years 3 Months 9
Slide 10: Operational Performance 2013
Operational Performance 2013* (as of 31 March 2013) *Excluding production from Indotruba 10
Slide 11: FFB Nucleus Production
FFB Nucleus Production (In Thousand Tons) 161 168 171 153 26,5 2009 2010 2011 2012 Q1 2013 11
Slide 12: FFB Processed
FFB Processed (In Thousand Tons) 266 274 233 234 98 113 69 52 8 11 3 3rd Party 0 Plasma Nucleus 161 168 171 153 32,6 5,3 1,5 25,8 2009 2010 2011 2012 Q1 2013 12
Slide 13: CPO & PK Production
CPO & PK Production (In Thousand Tons) 60 58 54 52 CPO PK 12 11 12 10 7,7 1,9 2009 2010 2011 2012 Q1 2013 Extraction rate (%) 2009 2010 2011 2012 Q1 2013 CPO 22.34 22.08 21.26 22.89 23.68 PK 4.32 4.48 4.33 4.34 5.99 13
Slide 14: Planted Area & New Planting
Planted Area & New Planting (as of 31 March 2013 in hectares) 31 Des 2012 31 Mar 2013 Change Description Area (ha) Area (ha) Area (ha) Mature 18.855* 22.000* 3.145 Nucleus Immature 12.711 9.935 (2.776) Planted Nucleus 31.566* 31.935* 369 Mature 2.574 3.250 676 Total New Plasma Immature 4.931 4.255 (
Slide 15: Financial Performance 2013
Financial Performance 2013* (as of 31 March 2013) *Excluding production from Indotruba 15
Slide 16: CPO & PK Sales Volume
CPO & PK Sales Volume CPO & Palm Kernel (In Thousand Tons) 60 58 57 52 CPO PK 12 13 10 10 9,5 1,3 2009 2010 2011 2012 Q1 2013 16
Slide 17: Average Selling Price
Average Selling Price* (IDR/Kg) 7446 7239 6288 7102 6766 CPO 4887 PK 2936 4551 3538 2526 2009 2010 2011 2012 Q1 2013 *Prices Exclude Ppn 17
Slide 18: Sales Value
Sales Value (IDR Billions) 493 455 408 61 405 46 34 36 PK 409 432 374 369 CPO 68 4 64 2009 2010 2011 2012 Q1 2013 18
Slide 19: Income Statement Highlights
Income Statement Highlights (IDR Billions) IDR Billion 2009 2010 2011 2012 Q1 2013 Sales 408 455 493 405 68 Gross Profit 145 193 156 157 7 Net Profit Attributable to Owners of 204 161 167 97 4 the Parent Basic Earnings per share (IDR) 40.88 32.16 33.42 19.41 0.68 19
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights (IDR Billions) IDR Billion 2009 2010 2011 2012 Q1 2013 Total Assets 1.993 2.095 2.834 3.188 3.147 Total Liabilities 863 865 1.327 1.587 1.543 Equity Attributable to Owners of the 1.069 1.170 1.492 1.584 1.588 Parent 20
Slide 21: Financial Ratios
Financial Ratios Financial Year 2009 2010 2011 2012 Q1 2013 Gross Profit Margin (%) 35.54 42.42 31.64 38.77 10.29 Net Margin (%) 50.11 35.38 33.90 23.95 5.88 Debt to Equity (%) 81 70 88 99 96 Return on Equity (%) 19.10 13.73 11.20 6.12 0.25 21
Slide 22: Target & Capex 2013
Target & Capex 2013 22
Slide 23: Target 2013
Target 2013 Production 2012 2013 2013 Achieved (Tons) (Actual) (Projection) (Realized) FFB Production 171.274 200.000 26.549 13% FFB Plasma & 63.381 100.000 6.736 7% 3rd Party FFB Processed 234.771 300.000 32.364 11% CPO 53.746 69.000 7.665 11% Palm Kernel 10.182 12.000 1.938 16% New Planting FY 201
Slide 24: Capital Expenditures 2013
Capital Expenditures 2013 • New Planting of 2.000 - 4.000 ha : IDR 125 bio • Maintenance of Immature of 14.190 ha : IDR 200 bio • 30% remaining balance for new CPO mill, new port & office building construction : IDR 50 bio Budget Capital Expenditures FY 2013 ~ IDR 375 bio 24
Slide 25: Notes
Notes
Slide 26: Notes
Notes
Slide 27: Thank You
Thank You For further queries please contact : Investor Relations at corporate@gozco.com www.gozco.com/investor.html Jakarta Office Surabaya Office Palembang Office Graha Permata Pancoran Gedung Bank Yudha Bhakti Lt.5 Jl.Letjen Harun Sohar No.01 Jl. Raya Pasar Minggu No.32 C/10 Jl. Raya Darmo 54-56
Slide 28: Gozco Plantations
G GOZCO PLANTATIONS
PT Gozco Plantations — Citi ASEAN Investor Conference 2013 on 6ix