Pt Gozco Plantations Tbk · IDX:GZCO
Pt Gozco Plantations Tbk — Investor Presentation (June 2012)
26 slides from Pt Gozco Plantations Tbk's investor presentation, June 2012
Slide 1: Company Presentation
Company Presentation PT Gozco Plantations Tbk. June 2012
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: Agenda
Agenda • About Gozco Plantations • Operational & Financial Performance • Target & CAPEX 2012 • Group updates 3
Slide 4: Company's Milestones
Company’s Milestones (In Hectare) Year Significant Event Area Planted Matured Immatured 1Q 2012 - 119,937 36,484 21,429 15,055 Increasing the ownership in Golden 2011 119,937 36,484 20,543 15,941 Blossom to 95% 2010 Building Mill 45 ton/ha at Golden Blossom 123,894 32,318 18,214 14,104 Increasing Mi
Slide 5: Company's Structure
Company’s Structure (As of December 2011) 5
Slide 6: Management Team
Management Team • Board of Commissioner President Commissioner: Mustofa Commissioner: Rudyansyah Bin Abdul Cosim Commissioner: Harijanto Independent Commissioner: Benyamin Subrata • Board of Director President Director: Tjandra Mindharta Gozali Director: Andrew Michael Vincent Director: Jamal Rosyid
Slide 7: Estate Locations
Estate Locations (As of December 2011) South Sumatra West Kalimantan Total Area: 36,780 Ha Total Area: 33,350 Ha Planted: 24,618 Ha Planted: 4,541 Ha Mill Capacity: 90 Ton/Hour Cetral Kalimantan Total Area: 10,307 Ha Planted Area : 7,324 Ha West Sumatra Mill Capacity: 45 Ton/Hour Total Land Bank: 39
Slide 8: Plantations Profile
Plantations Profile (As of March 2012 in Hectare) 17% Prime (7-18 Yrs) *) Including Indotruba area of 6,605 ha 8
Slide 9: Operational Performance
Operational Performance 9
Slide 10: FFB Production
FFB Production (Tons) *) Excluding Production from Indotruba 10
Slide 11: FFB Processed
FFB Processed (Tons) 265,939 273,433 233,663 191,172 105,839 112,955 72,554 138,173 63,629 60,850 External 152,984 161,108 167,594 Internal 127,543 40,044 12,710 77,323 27,294 2007 2008 2009 2010 2011 1Q 2012 *) Excluding Production from Indotruba 11
Slide 12: Production Volume
Production Volume (Tons) 59,416 58,139 Extraction Rate* Year 51,564 CPO PK 42,167 2007 21.27% 4.01% 2008 22.11% 4.54% 29,429 2009 22.34% 4.32% CPO 2010 22.08% 4.48% PK 11,849 11,845 2011 21.26% 4.33% 8,659 10,466 9,378 5,542 1Q 2012 23.36% 4.81% 1,928 *) Excluding production from Indotruba 2007 2008
Slide 13: Plantations Area
Plantations Area As at Dec 2011 As at Mar 2012 Change Area (ha) Area (ha) Area (ha) Mature 18,855* 18,855* - Immature 10,498 10,498 - Planted Nucleus 29,353 29,353 - Mature 1,688 2,574 886 Immature 5,443 4,557 (886) - Planted Plasma 7,131 7,131 Total Mature 20,543* 21,429 886 Total Immature 15,941 1
Slide 14: Financial Performance
Financial Performance 14
Slide 15: Sales Volume
Sales Volume (Tons) GOZCO PLANTATIONS 59,500 56,500 58,000 37,000 29,500 11,500 12,500 ; 8.500 10,000 9,500 = CPO 5,508 i: oo = PK 2007 2008 | 2009 _ 2010 2011 soe
Slide 16: Average Selling Price CPO & Palm Kernel
Average Selling Price CPO & Palm Kernel (IDR/Kg) Projection 2012: ASP CPO: IDR 8,000/Kg ASP PK: IDR 5,000/Kg 16
Slide 17: Sales Value
Sales Value (IDR.Bio) 493 455 408 291 214 84 17
Slide 18: Income Statement Highlights
Income Statement Highlights (IDR.Bio) IDR Million 2007 2008 2009 2010 2011 Sales 133 291 408 455 493 Gross Profit 67 116 145 193 156 Net Profit Attributable to owners of the parent 26 55 204 161 167 Basic Earnings per share (IDR) 7.39 12.31 40.88 32.16 33.42 18
Slide 19: Balance Sheet Highlights
Balance Sheet Highlights (IDR.Bio) IDR Million 2007 2008 2009 2010 2011 Total Assets 1,018 1,428 1,993 2,095 2,834 Total Liabilities 480 517 863 865 1,327 Equity Attributable to Owners 506 881 1,069 1,170 1,492 Of the Parent 19
Slide 20: Financial Ratios
Financial Ratios Financial Year 2007 2008 2009 2010 2011 Gross Profit Margin (%) 50.19 39.96 36.02 42.34 31.64 Net Margin (%) 19.43 18.83 50.11 35.38 33.90 Debt to Equity (%) 94.93 58.65 80.70 73.94 88.95 Return on Equity (%) 5.10 6.21 19.10 13.73 11.20 20
Slide 21: Target & CAPEX 2012
Target & CAPEX 2012
Slide 22: Target 2012
Target 2012 Production (ton) 2011 2012 Projection (Actual) (Projection) Growth FFB Production 167,625 200,000 19% FFB Plasma & 3rd Party 105,839 100,000 -6% FFB Processed 273,464 300,000 10% CPO 58,139 67,500 16% Palm Kernel 11,845 13,500 14% New Planting FY 2012: 4,000 ha 22
Slide 23: Capital Expenditures FY 2012
Capital Expenditures FY 2012 • New Planting of 4,000 ha: IDR.96 bio • Maintenance of Immature of 15,055 ha: IDR.153 bio • 35% payment of mill and port in Golden Blossom: IDR.47 bio • Completion of Palembang regional office: IDR.5 bio CAPEX ~ IDR.301 bio 23
Slide 24: Group Updates
Group Updates • Construction of 45 MT/Hour FFB Mill at Golden Blossom Sumatra ~ Effectively Operates in March 2013 This Mill is extendable to 90 MT/Jam & Using Sterilizer Oblique System 24
Slide 25: Group Updates
Group Updates • Based on AGM result, the company will distribute : 1. Cash dividend: IDR 1 per share 2. Stock dividend: 100: 1 3. Share bonus: 100 : 19 Cum date in regular market: 06 July 2012 Payment date: 25 July 2012 25
Slide 26: Thank You
Head Office Gedung Graha Permata Pancoran Jl. Raya Pasar Minggu No. 32 C/10 South Jakarta, Indonesia Telephone: +62 21 799 5676 Fax: +62 21 799 5663 E-mail: corporate@gozco.com Representative office Gedung Bank Yudha Bhakti Lt. 5 Jl. Raya Darmo 54–56 Surabaya 60265, Indonesia Telephone: +62 31 561 2
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