PT Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
PT Japfa Comfeed Indonesia Tbk Class A — Investor Presentation (June 2014)
24 slides from PT Japfa Comfeed Indonesia Tbk Class A's investor presentation, Jun 9, 2014
Slide 1: Investor Presentation
INVESTOR PRESENTATION June 9th, 2014 PT Japfa Comfeed Indonesia Tbk
Slide 2: Disclaimer
Disclaimer These materials have been prepared by PT Japfa Comfeed Indonesia 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 present
Slide 3: Agenda
Agenda Company overview Key investment highlights Financial highlights Appendix 3
Slide 4: Company Overview
Company Overview 4
Slide 5: Introduction to Japfa
Introduction to Japfa One of the largest poultry players in Indonesia with FY13 net sales of US$ 2.0 Established vertically billion(1) and EBITDA of US$ 206 million(1) integrated Strategically involved in aquaculture and beef offering diversification of revenues agriculture Listed on IDX for o
Slide 6: Poultry Contributes Bulk of Revenue and Profitability and is the Focus of Future Growth
Poultry Contributes Bulk of Revenue and Profitability and is the Focus of Future Growth FY13 net sales breakdown FY13 gross profit breakdown Total FY13 net sales(1): US$2,030 million Total FY13 gross profit(1): US$343 million Note: (1) Average rate FY 2013 US$1.00 = IDR10,552 Diversified business wi
Slide 7: Poultry Operations: Simplified business model
Poultry Operations Simplified business model Principal facilities Annual capacity No. of locations Locations 3,646 m kg 16 feedmills 13 feedmills : Sidoarjo, Cirebon, Lampung, Tangerang, Makassar, Sragen, Medan, Padang, Bati-Bati, Cikande, Poultry feedmills Gedangan, Surabaya, Grobogan ; and 3 breed
Slide 8: Shareholding Structure
Shareholding Structure Santosa Family Public Japfa Pte Ltd 42.5% 57.5% Market cap: US$1.2bn (1) Stable and supportive key shareholder with strong expertise in the agribusiness industry Santosa family has no other business in Indonesia that is in direct competition with Japfa Long term strategic
Slide 9: Key Investment Highlights
Key Investment Highlights 9
Slide 10: Investment Highlights
Investment Highlights 1 Established market leader in agribusiness 2 Synergy and efficiency achieved through vertically integrated large scale businesses 3 Quality operations supported by state-of-the-art bio security measures 4 Experienced and professional leadership team 5 Steadily growing industry
Slide 11: Established Market Leader in Poultry
11 Established Market Leader in Poultry Indonesia animal feed production capacity share (1) Indonesia DOC production capacity share Source: Company Annual Reports, Frost & Sullivan (May 2014) Note: (1) Market share calculation in the above table excludes aqua feed Stable and attractive industry dy
Slide 12: Synergy and efficiency achieved through vertically integrated large scale business
Synergy and efficiency achieved through vertically 22 integrated large scale business Ability to control feed formulation to suit Exclusive rights to superior strain of DOC type of breed which Japfa produces which is suited to Indonesian climate and Ability to control timing of delivery and co
Slide 13: Synergy and efficiency achieved through vertically integrated large scale business
Synergy and efficiency achieved through vertically 22 integrated large scale business Corn prices (US$/MT) Soybean meal prices (US$/MT) 350 ~70% sourced 700 US$ linked 100% imported US$ denominated domestically 300 600 250 500 200 400 150 300 100 200 50 100 0 0 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan
Slide 14: Quality Operations Supported by State-Of-The-Art Bio Security Measures
Quality Operations Supported by 33 State-Of-The-Art Bio Security Measures A Minimize exposure from the elements Full body Spray and Monorail Conveyor Remote immersion fumigation system location Geographical spread B Optimizing flock resistance from diseases Sophisticated animal husbandry pract
Slide 15: Experienced and professional leadership team
44 Experienced and professional leadership team Board of Commissioners Syamsir Siregar Hendrick Kolonas Retno Astuti Wibisono President Vice President Independent Commissioner Commissioner Commissioner Year of agri Year of agri Year of agri experience: 9 experience: 18 experience: 13 Board of Direct
Slide 16: Steadily Growing Poultry Industry in Indonesia
55 Steadily Growing Poultry Industry in Indonesia Poultry – largest animal protein source in Indonesia Indonesia’s per capita poultry consumption 2012 per capita meat consumption(1): 11.1kg Source: Ministry of Agriculture Directorate of Livestock, USDA, FAPRI, Rabobank International FAR, 2012 Source
Slide 17: Financial Highlights
Financial Highlights 17
Slide 18: Quarterly performance update: Key financial metrics
Quarterly performance update Key financial metrics (IDR billions, unless stated otherwise) For the quarter ended 1Q14 4Q13 3Q13 2Q13 1Q13 Income statement Net sales 5,675 5,435 5,652 5,361 4,963 Gross profit 745 588 1,186 979 865 % margin 13.1% 10.8% 21.0% 18.3% 17.4% EBITDA 252 232 851 651 443 % ma
Slide 19: Quarterly performance update: Key financial and operational metrics
Quarterly performance update Key financial and operational metrics (IDR billions, unless stated otherwise) Key highlights FYE 31 December FY 2013 1Q 14 Income statement Revenue 21,412 5,675 In 1Q14, revenue and volumes % growth (period-to-period) 20.1% 14.3% remained stable Gross profit 3,618 745
Slide 20: Production capacity and outlook
Production capacity and outlook Existing production capacity We operate 16 poultry feedmills in nine locations across Indonesia, of which three feedmills are dedicated to producing only breeder feed. The initiative to isolate breeder feed production is part of our efforts to enhance our bio securi
Slide 21: Proven financial track record
Proven financial track record Total Assets Net Debt / Equity (In IDR billion) CAPEX (In IDR billion) Note: Based on Company Audited Report 21
Slide 22: Proven financial track record
Proven financial track record Net Revenues Gross Profit (In IDR billion) (In IDR billion) EBITDA Net Profit (In IDR billion) (In IDR billion) Note: Based on an Company Audited Report 22
Slide 23: Appendix
Appendix 23
Slide 24: Pan-national distribution platform
Pan-national distribution platform Deep national coverage with strong local knowledge Note: (1) Japfa has 57 breeding farms and not all the farms are reflected on the map. 24
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