Pt Tunas Baru Lampung Tbk · IDX:TBLA

Pt Tunas Baru Lampung Tbk — Investor Presentation (December 2018)

30 slides from Pt Tunas Baru Lampung Tbk's investor presentation, December 2018

  1. Slide 1: PT. Tunas Baru Lampung Tbk Investor Presentation

    Dec 2018 PT. TUNAS BARU LAMPUNG TBK (IDX: TBLA) Investor Presentation 2018

  2. Slide 2: Disclaimer

    DISCLAIMER These materials have been prepared by PT Tunas Baru Lampung Tbk (the “Company”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or

  3. Slide 3: Company Milestones

    Company Milestones 8,000 TCD 600 MT/day Sugar Sugar Mill refinery started started PT. Tunas operation operation Baru Lampung  Join the RSPO2 Tbk was  Extended FOSFA1 established. membership. 2017  Listed in JSX. 2016  Built 2nd CPO mill 2013 in Lampung. 2011 2006 2004 2000 1974 Biodiesel plant s

  4. Slide 4: Company Structure

    Company Structure Shareholding & Subsidiaries (30 September 2018) PT. SUNGAI BUDI PT. BUDI DELTA SWAKARYA PUBLIC OTHERS (28.08%) (27.18%) (44.66%) (0.1%) PT. TUNAS BARU LAMPUNG Tbk (IDX:TBLA) BSA BDP BNIL BNCW BTLA AKG ABM BPG SAP SJP SUJ DGS TBLA I (99.97%) (99.99%) (99.99%) (98.00%) (99.71%) (99.8

  5. Slide 5: Business Model: Revenue Drivers

    Business Model Revenue Drivers TBLA 1. PALM OIL 2A. SUGAR REFINERY 2B. SUGAR MILL Processing imported Cane plantation & Mill raw sugar MILL WHITE REFINED SUGAR Palm Plantation & Mill SUGAR FFB, CPO Refinery (+Biodiesel) Cooking oil, Margarine, Biodiesel 3

  6. Slide 6: Business Model: Revenue breakdown

    Business Model Revenue breakdown Note: For illustration purpose IDR/USD exchange rate is calculated at: FY2017 - Rp13,300 and 6M2018 - Rp14,500 FY2017 - REVENUE Rp9tn / US$674mn SUGAR COOKING OIL 5%3% BIODIESEL DOMESTIC (IDR) 6% 6% 34% PKO 25% 34% OIL PALM 7% DOMESTIC (USD SUGAR STEARINE 54% Linked)

  7. Slide 7: Palm Oil Plantation

    Palm Oil Plantation Estate Location & Size – 30 September 2018 PALEMBANG LAMPUNG PONTIANAK Total Area : 43,305Ha Total Area : 35,199Ha Total Area : 13,768Ha Planted : 17,508Ha Planted : 30,061Ha Planted : 7,525Ha Mature : 11,601Ha Mature : 28,205Ha Mature : 4,608Ha Included in “Total Area”, plasma o

  8. Slide 8: Palm oil Plantation Profile

    Palm oil Plantation Profile Hectares – 30 September 2018 Lampung Palembang 16,370 6,064 5,907 5,537 5,200 3,798 2,837 1,856 0 0 23.9% 0-3 4-9 10-14 15-19 20+ 0-3 4-9 10-14 15-19 20+ 9.2% Pontianak Total 3,250 16,370 2,917 14,514 10,680 9,732 1,358 3,798 0 0 0-3 4-9 10-14 15-19 20+ 0-3 4-9 10-14 15-1

  9. Slide 9: Production Facilities

    Production Facilities Palm Oil Biodiesel Location MT/annum MT/day Lampung 315,000 1,050 CPO Mills Location MT/annum MT/hour Lampung 1,125,000 225 Palembang 450,000 90 Bengkulu 225,000 45 Riau 150,000 30 Pontianak (UC) 225,000 45 SOAPS REFINERY Location MT/annum MT/hour TOTAL 2,175,000 435 Location M

  10. Slide 10: Production Facilities

    Production Facilities Oil Palm Mill (45 ton/hour) – Sukadana, Lampung 8

  11. Slide 11: Production Facilities

    Production Facilities New Oil Palm Mill Under Construction (45 ton/hour) – Pontianak, West Kalimantan 9

  12. Slide 12: Consumer Products

    Consumer Products Palm Oil Utilizing on the Group’s nation wide distribution network that covers 21 marketing offices and more than 48,000 outlets. This infrastructure ensure quick distribution of TBLA’s retail products across the country. 10

  13. Slide 13: Palm Oil Production Highlights

    Palm Oil Production Highlights FFB Harvest Volume ('000 Ton) Plasma Nucleus 119 153 172 215 151 149 738 718 646 549 492 367 FY2013 FY2014 FY2015 FY2016 FY2017 9M2018 CPO Cooking oil (Olein) PKO 273,159 79,412 295,768 75,620 281,638 277,880 223,090 68,690 215,872 209,032 214,033 240,081 60,307 212,92

  14. Slide 14: Sugar – Industry Dynamics

    Sugar – Industry Dynamics 1 SUGAR MILLING CANE PLANTATION SUGAR MILL MILL WHITE SUGAR 2 SUGAR REFINING IMPORTED RAW SUGAR SUGAR REFINERY REFINED SUGAR ( Thailand , Brazil or Australia ) NOTE: Governed by quota system through Ministry of Trade 12

  15. Slide 15: Integrated Sugar Production

    Integrated Sugar Production Plantation, Mill & Refinery Tulang Bawang Pakuan Ratu Tebanggi Besar 13

  16. Slide 16: Sugar Refinery

    Sugar Refinery 900 TON/DAY 324,000 TON/ANNUM 14

  17. Slide 17: Sugar Refinery

    Sugar Refinery 900 TON/DAY 324,000 TON/ANNUM 15

  18. Slide 18: Sugar Mill

    Sugar Mill 8,000 TCD (Ton Cane Day) FEB 2017 FEB 2017 16

  19. Slide 19: Sugar Mill

    Sugar Mill 8,000 TCD (Ton Cane Day) 17

  20. Slide 20: Sugar Cane Plantation

    Sugar Cane Plantation Conversion of old oil palm to sugar cane estate 18

  21. Slide 21: Sugar – Industry Dynamics

    Sugar – Industry Dynamics Indonesia's domestic sugar production VS consumption (Million ton) Consumption 5.5 5.6 5.7 5.8 Production 5.3 4.7 4.8 4.5 4.3 4.3 4.1 4.0 3.3 2.8 2.6 2.6 2.5 2.6 2.5 2.2 2.3 2.5 2.3 2.3 2.4 2.1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Kontan,

  22. Slide 22: Sugar – Industry Dynamics

    Sugar – Industry Dynamics Sugar Price (IDR/Kg) 8,900 9,100 9,100 9,100 8,100 8,100 8,250 7,000 6,350 6,161 6,032 5,986 5,681 5,350 5,064 4,885 4,779 4,656 4,634 4,502 4,342 4,458 4,441 4,307 4,423 3,699 3,688 3,549 3,326 3,307 April 09 April 10 April 11 April 12 April 13 April 14 April 15 April 16 A

  23. Slide 23: Sugar Cane Plantation: Accelerated Growth

    Sugar Cane Plantation Accelerated Growth Cane Plantation (Ha) 13,000 12,105 10,640 7,929 4,516 1,736 1,305 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018F 21

  24. Slide 24: Sales highlight

    Sales highlight Sales Vol (Ton) 238,662 9M2018 9M2017 223,369 190,606 185,959 86,926 76,597 55,878 39,332 25,333 29,879 Sugar Cooking oil CPO PKO Biodiesel ASP (IDR/KG) 9M2018 9M2017 16,956 13,091 9,866 9,383 9,939 9,104 9,116 7,649 8,333 8,223 Sugar Cooking oil CPO PKO Biodiesel 22

  25. Slide 25: Growth Profile EBITDA

    Growth Profile (Rp Billions) EBITDA 2,137 1,585 1,438 1,104 866 779 678 655 476 495 403 352 203 192 214 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 9M2018 23

  26. Slide 26: Financial Summary

    Financial Summary P&L (Figures in Rp billions) REVENUE GROSS PROFIT 8,974 2,266 6,514 6,290 5,331 1,625 1,674 1,171 FY2015 FY2016 FY2017 9M2018 FY2015 FY2016 FY2017 9M2018 OPERATING PROFIT NPAT 1,670 954 1,250 1,104 621 541 604 201 FY2015 FY2016 FY2017 9M2018 FY2015 FY2016 FY2017 9M2018 24

  27. Slide 27: Financial Summary: Debt Coverage Ratios

    Financial Summary Debt Coverage Ratios Net Debt / Equity Net Debt / EBITDA EBITDA / Interest Exp 5.09 1.66 1.66 4.77 4.94 3.95 3.44 3.88 1.53 3.31 2.66 1.42 FY2015 FY2016 FY2017 9M2018 FY2015 FY2016 FY2017 9M2018 FY2015 FY2016 FY2017 9M2018 25

  28. Slide 28: Contact Us

    Contact Us Strengths Through Integration For further information, please contact: Eric Tirtana Mobile : (+62) 858 8024 2328 Email : eric.tirtana@sungaibudi.com Phone : (+62 21) 521 3383 Fax : (+62 21) 521 3392 www.tunasbarulampung.com

  29. Slide 29: APPENDIX - Management Profile: Board of Commissioners

    APPENDIX - Management Profile A D E F J Board of Commisioner Board of Directors B C G H I K A. SANTOSO WINATA President Commisioner Indonesian, 54 y-o. Joined Sungai Budi Group in 1982. Mr. Winata is also the Vice Chairman of Sungai Budi Group and President Director of PT Budi Starch & Sweetener Tbk

  30. Slide 30: APPENDIX - Management Profile

    APPENDIX - Management Profile D. WIDARTO President Director Indonesian, 69 y-o. Joined Sungai Budi Group in 1966 and appointed as Chairman of the group in 1985. Mr. Widarto has been in charged as President Director of TBLA since 1986. He is also currently the President Commissioner of PT Budi Starch

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