Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — Q1 2022 Earnings Presentation
18 slides from Bumitama Agri's earnings presentation, May 2022
Slide 1: Bumitama Agri Quarterly Performance, First Quarter 2022
BUMITAMA AGRI Excellence through discipline Quarterly Performance First quarter of 2022
Slide 2: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 1
Slide 3: Executive Summary – First Quarter 2022 Performance
Executive Summary – First Quarter 2022 Performance Normalizing output provides good foundation ● FFB output from internal source in 1Q22, the low-cycle period, has surpassed the volumes of 4Q21, the high-cycle period o This time it is West Kalimantan estates that recorded the strongest QoQ growth, a
Slide 4: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 3
Slide 5: FFB Harvest
FFB Harvest Normalizing trend is driving the positive QoQ growth in output and yield Total Internal External -4% 1% Thousand tons Thousand tons Thousand tons -3% 18% 6% 852 888 852 15% 1,203 720 317 315 317 1,170 1,170 299 4Q21 1Q22 1Q21 1Q22 4Q21 1Q22 1Q21 1Q22 FFB Yield OER -4% 18% -0.1% -0.3% Ton
Slide 6: Income Statement Highlights
Income Statement Highlights Normalizing output amidst commodity super-cycle have pushed margins to multiyear high Revenue Gross Profit Net Profit* 17% 196% 424% IDR billion IDR billion IDR billion 69% 4% 1,501 1,501 35% 1,288 3,900 3,900 873 873 3,752 649 507 167 2,307 4Q21 1Q22 1Q21 1Q22 4Q21 1Q22
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Year-on-year surge in selling price, in addition to stable operational metrics, have paved the way Production Volume Productivity (1Q21 vs 1Q22) -0.3% -4% Yield (ton per ha), OER (%) 13% Thousand tons 272 22.8 22.5 262 262 CPO IDR 3,229 bn 231 82.8% 1.1 1.1 4Q21 1Q22 1Q21 1Q22 C
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) PK continues to perform well, supported by bullish market condition in the lauric oil market Production Volume Productivity (1Q21 vs 1Q22) PK IDR 671 bn 1% 0.1% Yield (ton per ha), OER (%) Thousand tons 9% 17.2% 4.7 4.8 56 56 56 51 0.2 0.2 4Q21 1Q22 1Q21 1Q22 PK yield KER Revenue Av
Slide 9: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 8
Slide 10: Rising Fundamentals – Financial Performance
Rising Fundamentals – Financial Performance Financial growth in the past decade amidst headwinds from external factors CAGR: 4% 12,000 5.0 IDR billion MYR thousand (per ton) CAGR: 17% 4.5 10,000 4.0 3.5 8,000 3.0 6,000 2.5 2.0 CAGR: 14% 4,000 1.5 CAGR: 12% 1.0 2,000 0.5 0 0.0 4Q21 1Q12 2Q12 3Q12 4Q1
Slide 11: Rising Fundamentals – Production Performance
Rising Fundamentals – Production Performance Rising production trend has been fueling our performance growth over the past decade 4,000 Thousand tons 3,500 CAGR: 11% 3,000 2,500 2,000 1,500 CAGR: 11% 1,000 500 0 4Q21 3Q13 2Q14 1Q19 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 4Q13 1Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q1
Slide 12: Rising Fundamentals – Productivity
Rising Fundamentals – Productivity Excellence through discipline is the reason behind our productivity resilience 25 6 5 20 4 15 Ton per ha Ton per ha 3 10 2 5 1 0 0 4Q21 3Q14 2Q15 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 4Q14 1Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
Slide 13: Rising Fundamentals – Gearing Ratio
Rising Fundamentals – Gearing Ratio Robust performance in the past two years has paved the way for significant improvement in leverage ratio 1.0x 0.9x 0.8x 0.7x 0.6x 0.5x 0.4x 0.3x 0.2x 4Q12 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 1Q22 Gearing ratio Net gearing ratio 12
Slide 14: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 13
Slide 15: 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 Consolidated Riau West Kalimantan Central Kalimantan Total planted area: 188k ha ● 2k ha planted area ● 81k ha planted area ● 10
Slide 16: Total Planted Area per 31 March 2022
Total Planted Area per 31 March 2022 Planted area of about 188k hectares, consisting of nucleus estates covering 132k hectares, and plasma estates covering 56k hectares; average age of 12.5 years old Old & Matured 97.2% Immature 2.8% 15
Slide 17: 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 Website: www.bumitama-agri.com QR code for our website 16
Slide 18: 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