Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — 9M 2009 Earnings Presentation
18 slides from Golden Agri-resources's earnings presentation, Nov 11, 2009
Slide 1: Interim Performance Presentation
Interim Performance Presentation YTD Sep 2009 : nine-month period ended 30th September 2009 11 November 2009 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Golden Agri-Resources Ltd. (“GAR” or “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 b
Slide 3: Table of Contents
Table of Contents Section 1 Executive Summary 3 Section 2 YTD Sep 2009 and 3Q 2009 Financial Highlights 5 Section 3 YTD Sep 2009 and 3Q 2009 Operational Highlights 11 Section 4 Growth Strategy 15 2
Slide 4: Executive Summary
‘ca gar IJ ZF Gal as and food Section 1 Executive Summary
Slide 5: Executive Summary
Executive Summary 3Q 2009 results show continuation of strong recovery driven by sustained improvement in production Price (US$/MT) EBITDA (US$ million) Production (‘000 MT) • Stronger Revenue, EBITDA and Net Profit1 by 200 900 19%, 20% and 28% in 3Q 2009, respectively, compared to the previous quar
Slide 6: YTD Sep 2009 and 3Q 2009 Financial Highlights
Section 2 YTD Sep 2009 and 3Q 2009 Financial Highlights
Slide 7: Financial Summary – YTD Sep 2009
Financial Summary – YTD Sep 2009 YTD YTD YoY US$ million Sep 2009 Sep 2008 Change Revenue 1,651 2,395 -31% Gross Profit 350 787 -55% EBITDA 272 559 -51% Interest on borrowings -37 -28 34% Depreciation and amortisation -49 -43 15% Foreign exchange (loss)/gain, net -4 8 n.m Net Profit attributable to
Slide 8: Financial Summary – 3Q 2009
Financial Summary – 3Q 2009 US$ million 3Q 2009 3Q 2008 YoY 2Q 2009 QoQ Change Change Revenue 673 831 -19% 566 19% Gross Profit 156 222 -30% 130 20% EBITDA 124 135 -8% 103 20% Interest on borrowings -13 -10 24% -13 - Depreciation and amortisation -17 -15 13% -16 6% Foreign exchange gain/(loss), net
Slide 9: Segmental Results
Segmental Results (in US$ million) Indonesia Operations China Operations YTD Sep 09 YTD Sep 08 %Change YTD Sep 09 YTD Sep 08 %Change Revenue 1,232 1,897 -35% 418 498 -16% Gross Profit 330 774 -57% 20 13 56% Gross Profit Margin 27% 41% -14% 5% 3% 2% EBITDA 258 551 -53% 14 8 85% EBITDA Margin 21% 29%
Slide 10: Revenue By Product and Geographical Location
Revenue By Product and Geographical Location YTD Sep 2009 revenues of US$1,651 million mainly from CPO and refined palm oil based products Revenue - By Product Revenue – By Country Others PK 5% 2% Soybean Oil Indo Local 5% China Local 24% Soybean Meal CPO 25% 13% 43% Branded Palm Products Indo Expor
Slide 11: Financial Position
Financial Position Strong balance sheet with low debt to equity ratio (in US$ million) 30-Sep-09 31-Dec-08 % Change Total Assets 7,405 6,826 8.5% Cash and Short-Term Investments 446 138 224.1% Receivables and Inventories 894 757 18.2% Fixed Assets1 5,880 5,766 2.0% Total Liabilities 2,347 2,119 11.0
Slide 12: YTD Sep 2009 and 3Q 2009 Operational Highlights
Section 3 YTD Sep 2009 and 3Q 2009 Operational Highlights
Slide 13: Plantation Area
Plantation Area GAR is the largest Indonesian plantation group with integrated operations (in ha) 31 Dec 30 Sep 30 Sep 30 Sep 2008/2009 2008 2008 2009 % increase Planted Area 391,642 382,524 406,047 6.1% Nucleus 307,604 299,818 319,426 6.5% Plasma 84,038 82,706 86,621 4.7% Mature Area 308,821 309,01
Slide 14: Age Profile
Age Profile GAR’s long-term growth is supported by favourable age profile of planted area underpinned by large immature and young plantations Immature Young Prime Old Total (in ha) (0-3 years) (4-6 years) (7-18 years) (>18 Years) Sep 2009 Nucleus 66,765 43,891 165,943 42,827 319,426 Plasma 5,249 3,4
Slide 15: Production Highlights
Production Highlights Superior estate management and favourable weather conditions have resulted in stronger YTD Sep 2009 palm product production by 8% compared to YTD Sep 2008 YTD YTD Sep 2009 Sep 2008 change 3Q 2009 3Q 2008 change FFB Production (tonne) 5,579,660 5,225,701 7% 2,183,745 1,759,073 2
Slide 16: Growth Strategy
‘ca gar IJ ZF Gal as and food Section 4 Growth Strategy
Slide 17: Strategic Priorities
Strategic Priorities Build on core competitive strengths to maximise long-term shareholder returns • 2009 target additional planted area of 30,000 ha and normalised target additional Expand high-margin planted area of 50,000 ha per annum upstream business • Split between green field vs acquisition t
Slide 18: Contact Us
Contact Us If you need further information, please contact: Golden Agri-Resources Ltd c/o 108 Pasir Panjang Road #06-00 Golden Agri Plaza Singapore 118535 Telephone : +65 65900800 Facsimile : +65 65900887 www.goldenagri.com.sg Contact Person : Rafael B. Concepcion, Jr. (rafaelc@goldenagri.com.sg) Su
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