Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Palm Resources Holdings — H1 2014 Earnings Presentation
17 slides from Singapore Exchange's earnings presentation, August 2014
Slide 1: Global Palm Resources Holdings Limited 2Q/1H2014 Results
Global Palm Resources Holdings Limited 2Q/ 1H2014 Results August 2014
Slide 2: A palm oil producer in Indonesia
A palm oil producer in Indonesia Office Office Plantation and mill Office Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia Process FFB harvested from Nucleus; Crude Palm Oil (CPO) purchased from Plasma farmers and Customers: Indonesian palm oil As at 30 June 2014
Slide 3: Salient Highlights for 2Q2014
Salient Highlights for 2Q2014 Financial performance • EBITDA at Rp25.2 billion • Revenue up 15% to Rp97.0 billion: – CPO sales revenue increased 9% to Rp84.4 billion – PK sales revenue increased 80% to Rp12.6 billion • Cost of sales decreased 15% to Rp58.3 billion, relative to the lower sales volume
Slide 4: P&L Highlights
P&L Highlights Rp’ bil 2Q14 2Q13 Var % 1H2014 1H2013 Var % Revenue 97.0 84.1 +15 191.1 150.9 +27 Gross profit (GP) 38.7 15.2 +154 73.4 28.5 158 Profit before tax 25.1 7.8 +221 61.1 18.1 +239 Net Profit for the period 16.5 6.4 +158 45.6 15.1 203 Profit attributable to shareholders 15.4 6.1 +153 43.5
Slide 5: Segment Review
Segment Review 2Q14 2Q13 Var % 1H2014 1H2013 Var % Sales volume (tons) CPO 9,964 11,956 (17) 19,968 23,061 (13) Palm kernels 2,285 2,802 (18) 4,255 3,765 +13 Ave. Selling Price (Rp/kg) CPO 8,472 6,451 +31 8,484 6,147 +38 Palm kernels 5,509 2,494 +121 5,096 2,435 +109 Revenue (Rp’ billion) CPO 84.4 7
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights Rp’ bil 30 June 14 31 Dec 13 Var (%) Total assets 1,218.0 1,183.5 +3 Total liabilities (222.5) (215.0) +3 Current ratio (times) 6.4 6.5 (1.5) Net Gearing (%) 0 0 0
Slide 7: Cash Flow Statement Highlights
Cash Flow Statement Highlights Rp’bil 2Q14 2Q13 1H2014 1H2013 Net cash from operating activities 23.6 27.5 35.1 12.2 Net cash used in investing activities (5.6) (6.4) (11.9) (12.9) Net cash used in financing activities (16.4) (13.1) (16.5) (13.1) Cash on hand and in banks at the beginning of the per
Slide 8: Production Highlights
Production Highlights
Slide 9: Production Output
Production Output FFB produced ('000 tons) – Nucleus only FFB yield (tons/ha) - Nucleus only 9
Slide 10: Production Statistics
Production Statistics Production Output (Tons) 2Q14 2Q13 Var % 1H2014 1H2013 Var % CPO 12,551 9,948 +26 23,098 19,053 +21 Palm kernels 2,492 1,743 +43 4,777 3,650 +31 10
Slide 11: Plantation Statistics
Plantation Statistics
Slide 12: Plantation statistics
Plantation statistics 1H2014 % of total 1H2013 % of total Total Planted Area (ha) 13,619 100% 13,518 100% Mature 12,218 90% 11,581 86% Immature 1,401 10% 1,937 14% • Total land bank 16,079 ha • 2,460 ha available for future cultivation 12
Slide 13: Healthy Age Profile @ 30 June 2014
Healthy Age Profile @ 30 June 2014 Area cultivated First 3 years 4 - 6 years 7 - 18 years Above 18 years Total (Immature) (Mature) (Prime) Nucleus (ha) 1,400 1,634 4,686 2,780 10,500 Plasma (ha) - 285 2,526 308 3,119 Total (ha) 1,400 1,919 7,212 3,088 13,619 % of cultivated area 10.2% 14.1% 53.0% 22
Slide 14: Industry Outlook and Business Strategies
Industry Outlook and Business Strategies 14
Slide 15: Average Selling Prices (Rp/Kg)
Average Selling Prices (Rp/Kg) • The Group believes that the demand for palm oil remains sustainable in the long run, notwithstanding the volatility and price pressures on CPO.
Slide 16: Strategies And Future Plans
Strategies And Future Plans Expansion Optimisation Develop uncultivated land bank Co-Composting plant • Land location permit obtained for 7,170 ha • Yielding cost savings from use of organic compost of land in East Kalimantan fertilisers from our plantation’s EFB and POME Actively pursue potential a
Slide 17: Thank you Q & A session
Thank you Q & A session
Global Palm Resources Holdings — H1 2014 Earnings Presentation on 6ix