PT Indofood Sukses Makmur Tbk · IDX:INDF
PT Indofood Sukses Makmur Tbk — FY2015 Earnings Presentation
22 slides from PT Indofood Sukses Makmur Tbk's earnings presentation, Mar 28, 2016
Slide 1: FY15 Result Presentation
FY15 RESULT PRESENTATION Jakarta, 28 March 2016
Slide 2: Highlights FY15
Financial Results FY15, 28 March 2016 Highlights FY15 • Inflation rate declined from 8.36% YoY (FY14) to 3.35% YoY (FY15) • Rupiah depreciated from 12,440 (FY14) to closing at 13,795 (FY15) • CPO prices (CIF Rotterdam) weakened from US$ 816 / MT (FY14) to US$ 615 / MT (FY15) 2
Slide 3: CPO Price
Financial Results FY15, 28 March 2016 CPO Price Monthly Average CPO Price (CIF Rotterdam) 902 898 906 853 837 860 845 861 858 776 754 720 679 680 654 665 541 577 562 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 S
Slide 4: Financial Performance
Financial Results FY15, 28 March 2016 Financial Performance Rp Bn FY14 * FY15 Growth FY14 * FY15 Net Sales 63,594.5 64,061.9 0.7% Gross Profit Margin 26.9% 26.9% Cost of Goods Sold 46,465.6 46,803.9 0.7% EBIT Margin 11.5% 11.5% Gross Profit 17,128.8 17,258.1 0.8% EBITDA Margin 14.8% 15.3% Selling &
Slide 5: Changes in Sales and EBIT
Financial Results FY15, 28 March 2016 Changes in Sales and EBIT Sales (Rp Bn) EBIT (Rp Bn) ** 63,594.5 1,793.8 ( 561.0) ( 879.0 ) 113.7 64,061.9 756.3 ( 111.0 ) ( 728.6 ) 6,985.2 (25.0) 6,877.0 + 467.4 - 108.2 FY14 * CBP Bogasari Agribusiness Distribution FY15 FY14 * CBP Bogasari Agribusiness Distri
Slide 6: Segment Contribution
Financial Results FY15, 28 March 2016 Segment Contribution Sales (Rp Bn) 1) EBIT (Rp Bn) 2) 63,594.5 64,061.9 6,985.2 6,877.0 Distribution 7.6% 7.8% 2.8% 2.5% 20.3% 18.8% 32.0% 21.9% Agribusiness 25.2% 24.1% 19.5% Bogasari 20.8% Consumer Branded Products 49.3% 56.1% 46.9% 44.4% FY14 * FY15 FY14 * FY
Slide 7: CBP
Financial Results FY15, 28 March 2016 CBP Sales (Rp Bn) EBIT (Rp Bn)** 12.2% 10.3% 29,920.9 31,736.0 3,856.3 3,095.9 FY14 * FY15 FY14 * FY15 Sales Growth 6.1% EBIT Growth 24.6% * Restated ** Before elimination and unallocated expenses (other operating income and other operating expenses) 7
Slide 8: Bogasari
Financial Results FY15, 28 March 2016 Bogasari Sales (Rp Bn) EBIT (Rp Bn)** 7.3% 7.0% 19,926.1 19,177.0 1,456.8 1,341.0 FY14 * FY15 FY14 * FY15 Sales Growth -3.8% Volume Growth (Food Flour) 1% EBIT Growth -7.9% * Restated ** Before elimination and unallocated expenses (other operating income and oth
Slide 9: Agribusiness
Financial Results FY15, 28 March 2016 Agribusiness Sales (Rp Bn) EBIT (Rp Bn)** 15.0% 10.9% 14,947.2 13,803.0 2,234.8 1,505.6 FY14 * FY15 FY14 * FY15 Sales Growth -7.7% EBIT Growth -32.6% * Restated ** Before elimination and unallocated expenses (other operating income and other operating expenses)
Slide 10: Distribution
Financial Results FY15, 28 March 2016 Distribution Sales (Rp Bn) EBIT (Rp Bn)** 4.0% 3.5% 4,864.6 4,978.3 196.9 172.0 FY14 * FY15 FY14 * FY15 Sales Growth 2.3% EBIT Growth -12.7% * Restated ** Before elimination and unallocated expenses (other operating income and other operating expenses) 10
Slide 11: Financial Position
Financial Results FY15, 28 March 2016 Financial Position Rp Billion FY14 * FY15 Growth Cash & Cash Equivalent 14,157.6 13,076.1 -7.6% Total Assets 86,077.2 91,831.5 6.7% Total Equity 40,274.2 43,121.6 7.1% Funded Debt 26,933.6 27,605.8 2.5% - Fcy (in US$ mn) 1,131.8 822.5 -27.3% - Rupiah 12,854.0 16
Slide 12: Debt Composition
Financial Results FY15, 28 March 2016 Debt Composition 47.7% 61.2% 58.9% 62.5% 52.3% 41.1% 37.5% 38.8% FY14 * FY15 FY14 * FY15 Foreign Currency Debt Rupiah Debt Short Term & T/R Long Term Times FY14 * FY15 Gross Gearing 0.67 0.64 Net Gearing 0.32 0.34 Interest Coverage Ratio 6.3 6.4 * Restated 12
Slide 13: Cash Flow
Financial Results FY15, 28 March 2016 Cash Flow Rp Billion FY14 * FY15 Net Cash Generated from Operating Activities 9,269.3 4,213.6 Net Cash Used in Investing Activities (10,162.6) (5,665.9) Net Cash Provided by / (Used in) Financing Activities 1,402.7 (140.8) Net Effects of Changes in Exchange Rate
Slide 14: Capital Expenditure Budget
Financial Results FY15, 28 March 2016 Capital Expenditure Budget Group / Division Budget 16 CBP 3,865 Bogasari 1,367 Agribusiness 1,968 Distribution 375 Total 7,574 14
Slide 15: Appendix
Financial Results FY15, 28 March 2016 APPENDIX 15
Slide 16: Segment Performance: Indofood
Financial Results FY15, 28 March 2016 Segment Performance: Indofood Sales (Rp Bn) Volume 1) EBIT (Rp Bn) EBIT Margin 2) Division FY14 * FY15 Growth Growth FY14 * FY15 Growth FY14 * FY15 Consumer Branded Products 29,920.9 31,736.0 6.1% 3,095.9 3,856.3 24.6% 10.3% 12.2% Bogasari 19,926.1 19,177.0 -3.8
Slide 17: Segment Performance: ICBP
Financial Results FY15, 28 March 2016 Segment Performance: ICBP (based on ICBP figures) Sales (Rp Bn) Volume EBIT (Rp Bn) EBIT Margin ¹⁾ Division FY14 * FY15 Growth Growth FY14 * FY15 Growth FY14 * FY15 Noodles 19,915.6 20,996.1 5.4% 1% 3,022.0 3,479.0 15.1% 15.2% 16.6% Dairy 5,248.2 5,879.8 12.0% 1
Slide 18: Segment Performance: Agribusiness (SIMP)
Financial Results FY15, 28 March 2016 Segment Performance: Agribusiness (based on SIMP figures) Sales (Rp Bn) Volume EBIT (Rp Bn) EBIT Margin ¹⁾ Division FY14 * FY15 Growth Growth FY14 * FY15 Growth FY14 * FY15 Plantations 10,277.5 9,149.0 -11.0% 2,380.6 1,434.3 -39.8% 23.2% 15.7% CPO 3% PK, PKO, PK
Slide 19: Combined Plantations Area as of December 31, 2015
Financial Results FY15, 28 March 2016 Combined Plantations Area as of December 31, 2015 In Hectar 31 Dec, 31 Dec, Increase/ Oil Palm Plantations Profile 2014 2015 (Decrease) Nucleus 7 - 20 yrs, Over 20 yrs, Total Planted Area 300,050 300,633 583 47% 25% Planted Oil Palm 246,055 246,359 304 - Mature
Slide 20: Plantation Highlights
Financial Results FY15, 28 March 2016 Plantation Highlights FY14 FY15 Growth Planted Area (Ha) (Nucleus) 246,055 246,359 0.1% Mature Area (Ha) 185,181 187,400 1.2% FFB Production (Ths MT) (Nucleus) 3,259 3,414 4.7% FFB Yield (Nucleus) (MT/Ha) 17.6 18.2 CPO Production (Ths MT) 956 1,002 4.8% CPO Extr
Slide 21: Disclaimer
Disclaimer This presentation was prepared solely and exclusively for the parties presently being invited for the purpose of discussion. Neither this presentation nor any of its content may be reproduced, disclosed or used without prior written consent of PT Indofood Sukses Makmur Tbk. The Company is
Slide 22: Thank You
A Total Food Solutions Company THANK YOU
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