Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — 9M 2024 Earnings Presentation
16 slides from Bumitama Agri's earnings presentation, Nov 1, 2024
Slide 1: Quarterly Performance – First nine months of 2024
Excellence Through Discipline Quarterly Performance First nine months of 2024
Slide 2: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 3: Executive Summary – First nine months of 2024
Executive Summary – First nine months of 2024 Upturn ahead So far this year, Bumitama’s operational output has largely gone sideways, in line with the “surprisingly low volume” statement by Oilworld in their recently published monthly report. Oilworld was referring to the production performance of t
Slide 4: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 5: FFB Harvest
FFB Harvest FFB production in 3Q24 remained muted, due to lower bunch count. However, October production has started to increase pronouncedly Total Internal* External 4% -16% -10% Thousand tons Thousand tons Thousand tons 3% -25% 2,788 1,200 1,248 3,988 2% -5% 2,342 3,590 1,067 426 435 460 435 3% -1
Slide 6: Income Statement Highlights
Income Statement Highlights EBITDA margin in 3Q24 was down slightly versus 2Q24 due to a pickup in fertilizer application. The combined effect from upturn in production cycle and rising prices bodes well for 4Q24 Revenue Gross Profit Net Profit* -26% -30% -2% IDR billion 3,771 IDR billion 2,062 IDR
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Quarterly rise in ASP continued into 3Q24, driven by tight global inventory situation, reaching IDR12,735 in 3Q24, or highest in the past nine quarters Revenue Production Volume Productivity -12% -0.5% PK 901 22.6 22.1 Yield (ton/ ha), OER (%) Thousand tons 791 -16% -23% 1% 15.4
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) Price ratio between PK and CPO continued to strengthen into 3Q24, amounting to 62%, or highest since mid-2022 Revenue Production Volume Productivity -11% -16% Thousand tons PK, Yield (ton per ha), KER (%) 15.4 IDR 1,168 bn, 185 -25% 164 13.0 10% -14% 73 55 55 55 4.6 4.6 0.7 0.6 CPO
Slide 9: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 10: Fundamentally strong
Fundamentally strong Improving industry prospects in the past five years have resulted in robust financial performance and paved the way for significant deleveraging Post dip from record high prices in 2022, palm oil Financial well-being following healthy cash flow from remains at elevated level ope
Slide 11: Operational outperformance and resilience
Operational outperformance and resilience Production resiliency, despite unfavorable weather condition in the past few years, is attributable to disciplined execution of precision agronomy practices in the field Production volume Productivity 4.0 25 6 CAGR: 1% 3.5 5 20 3.0 4 2.5 15 Ton per ha Ton pe
Slide 12: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 13: Area of Operations
Area of Operations Considerable amount of our planted surface is strategically located in areas of good precipitation and temperature, well suited for oil palm cultivation Singapore West Kalimantan ● 80k ha planted area ● 7 mills with 400 tph capacity Riau ● 2k ha planted area ● 1 mill with 90 tph c
Slide 14: Total Planted Area
Total Planted Area Planted area of about 186k hectares, consisting of nucleus estates covering 124k hectares, and plasma estates covering 62k hectares; average age is 14 years old Producing 96.8% Immature 3.2% Immature Producing Data presented is as of 30 September 2024 P A G E 13
Slide 15: Contact Us
Contact Us If you need further information, please email us at investor.relations@bumitama-agri.com Bumitama Agri Ltd. 10 Anson Road #11-19 International Plaza Singapore 079903 Tel: +65 6222 1332 Fax: +65 6222 1336 QR code for our website www.bumitama-agri.com P A G E 14
Slide 16: Thank You – Important Notice
Thank You Important Notice This presentation has been prepared by Bumitama Agri Ltd. (“Bumitama” or the “Company”) for informational purposes only. It is not to be constructed as investment or financial advice and does not constitute an offer or an invitation to invest in the Company. This presentat