Management Presentation Management Presentation Annual Indonesian Report CSR Award Award 2011 2011 FY11 Performance and Outlook for 2012 3 rd Place Grand Non Financial Platinum Listed Private Co. Corporate Indonesia Governance Sustainability Award Report Award Jakarta, 5 June 2012 2011 2011 Most Most Best 1st Time Best 1st Time Improved Reporting
Corporate Information • Established in 1911 as a rubber plantation and processor, Sales value (Rp bn) today PT Bakrie Sumatera Plantations Tbk (“UNSP”) has 5,000 evolved to become a fully integrated and sustainable agro ‐ 4,367 business with three main business fields: 4,000 2,940 2 940 2,931 2 931 1. Palm oil plantation and production 3,000 2,325 1,949 2. Rubber plantation and processing 2,000 1,181 3. Oleochemical processing 1,000 • • We are strategically located in fertile and infrastructure We are strategically located in fertile and infrastructure ‐ FY06 FY07 FY08 FY09 FY10 FY11 ready Sumatra island with further developments in Kalimantan • Managing more than 120,000Ha of planted area with a Ebitda (Rp bn) h healthy balance of 79% mature and 21% immature l h b l f 79% d 21% i 1,800 1,481 • Currently operating 13 factories with combined output 1,500 capacity approximately 700,000MT p.a. 1,158 1,200 884 • Well ‐ recognized for strong commitment to the environment 900 651 651 598 598 from the ISO 14001 and RSPO certification awarded 600 345 Supported by over 20,000 employees, UNSP is set to 300 • ‐ capture the value of favorable palm oil and rubber industry FY06 FY07 FY08 FY09 FY10 FY11 for all stakeholders 2 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Corporate Milestones 1911 Established as NV Hollandsch Amerikansse Plantage Matschappij, a rubber plantation company Sales Contribution FY11 1986 Acquired by Bakrie & Brothers PK 8% 1990 1990 Listed in Jakarta and Surabaya Stock Exchange Listed in Jakarta and Surabaya Stock Exchange Diversified into oil palm business Rubber 26% CPO 1992 Renamed to PT Bakrie Sumatera Plantations Tbk 56% 2003 Certified as an ISO 9001:2000 Company 2004 Stock Split and Rights Issue I Oleo 2005 Certified as an ISO 14001 Company 10% 2007 Rights Issue II & Warant seri 1 Assets (Rp bn) Establishment of Agri Resources BV to further develop Establishment of Agri Resources BV to further develop 18,498 18,702 oil palm plantation in Sumatra 20,000 2008 Expanding footprint into Kalimantan through IGI Ltd. 15,000 2010 Rights Issue III & Warant seri 2 10,000 Entered the Oleochemical business 5,072 4,700 4,311 5,000 Granted the RSPO certification for North Sumatra Unit 1,783 Collaboration with ASD Costa Rica to develop seed garden ‐ FY06 FY08 FY08 FY09 FY10 FY11 2011 2011 Centennial Establishment Celebration of UNSP Centennial Establishment Celebration of UNSP 2012 Celebrating 70 years establishment of Bakrie Group 3 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Plantations profile Planted Area Location Size (Ha) Planted Area (Ha) 140 Palm nucleus North Sumatra 16,967 124.1 122.6 120 12,200 Riau 100 West Sumatra 11,112 81.4 81.4 79.2 79.2 75 5 75.5 80 89.8 92.2 Palm Nucleus Jambi 23,771 60 52.0 45.8 47.1 42.8 S. Sumatra 20,979 19.1 40 18.9 19.4 South Kalimantan 7,171 20.1 18.8 18 20 18.9 Rubber Nucleus 16.8 14.1 14.9 Plasma 12.8 13.8 11.4 0 Total Palm Nucleus 92,200 , FY06 FY07 FY08 FY09 FY10 FY11 Palm Plasma West Sumatra 3,738 Jambi 7,700 N.A.D. Total Palm Plasma Total Palm Plasma 11,438 11 438 N. Sumatra E. Kalimantan Rubber Nucleus North Sumatra 10,179 Riau W. Kalimantan W. Sumatra Bengkulu 5,058 Jambi C Kalimantan C. Kalimantan Lampung Lampung 3 684 3,684 S. Sumatra Bengkulu S. Kalimantan Tot Rubber Nucleus 18,921 Total Plantation 122,559 Lampung As of Dec 2011 Jawa Jawa “HGU (Land Rights) as of December 2011: 154,464 Ha” 4 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Mills and Factories Factories Factories Output Capacity p a Output Capacity p.a. End Products End Products Status Status Location Location CPO Mills (8) 585,000 MT Crude Palm Oil Commercial Operation N.Sum (2), Riau, W.Sum, Jambi (3), S.Sum Rubber Factories (4) 78,940 MT Natural Rubber Commercial Operation N.Sum, Bengkulu (2), Lampung Fatty Acid FSC 45,000 MT Fatty Acid, Glycerin Commercial Operation North Sumatra – Tanjung Morawa F tt A id I Fatty Acid I 100 000 MT 100,000 MT Fatty Acid, Glycerin F tt A id Gl i O Operation ti N North Sumatra – Kuala Tanjung th S t K l T j Fatty Alcohol I 33,000 MT Fatty Alcohol Operation North Sumatra – Kuala Tanjung Fatty Acid II 84,000 MT Fatty Acid, Glycerin Under construction North Sumatra – Kuala Tanjung Fatty Alcohol II 99,000 MT Fatty Alcohol Under construction North Sumatra – Kuala Tanjung CPO Refinery 465,000 MT Olein, Stearin, PFAD Under construction North Sumatra – Kuala Tanjung Kernel Crusher 72,600 MT Crude Palm Kernel Oil Preparation for Operation North Sumatra – Kuala Tanjung As per Dec 2011 Fully Integrated Oil Palm Business (based on output capacity) Refinery Refinery Fatty Acid FSC Fatty Acid FSC Seed Garden Seed Garden 465,000MT 45,000MT Fatty Olein, Strearin & Acid & Glycerin Plantations Plantations Collaboration PFAD with CPO Mill CPO Mill CPO Mill CPO Mill ASD Costa Rica 92,200 Ha 585,000MT CPO Target 2016 Sumatera and PK Crusher PK Crusher Fatty Acid I & II Fatty Acid I & II Fatty Alcohol I & II Fatty Alcohol I & II 20mn seeds Kalimantan production 72,600MT PKO 184,000MT 132,000MT Fatty Acid & Fatty Acid & Fatty Alcohol Fatty Alcohol Glycerin 5 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Production Highlights – Palm oil • Factory production of CPO and PK Factory Prod (MT) 9m10 9m11 YoY FY10 FY11 YoY demonstrated strong growth at 26% and 23% Crude Palm Oil 255,132 176,507 235,861 34% 320,232 26% YoY respectively boosted by higher Fresh Fruit CPO extraction rate 21% 20% 21 % 21% Bunch (FFB) production both nucleus and Palm Kernel 40,707 53,132 31% 59,164 72,730 23% plasma, and increase in purchased FFB volume. Kernel extraction rate 5% 5% 5 % 5% • FFB Production of Nucleus and plasma grew on Field Production (MT) the back of improvement in fertilizer Nucleus 873,555 592,678 724,105 22% 996,627 14% application, maturing tree profile, also pp , g p , Nucleus yield /Ha 9.6 10.5 13.7 13.8 supported by more favorable weather. Plasma 125,797 141,358 12% 179,465 202,367 13% • Significantly higher FFB third party purchase to Plasma yield /Ha 9.9 12.4 14.1 17.7 optimize factory utilization. Purchased 130,735 279,290 114% 171,016 368,055 115% Planted Area (Ha) FY11 Oil Palm Nucleus Age Profile FY11 Nucleus Oil Palm Matured (k Ha) Oil Palm Nucleus 92,200 >20yrs 90 1% 0 ‐ 4 yrs 17 ‐ 20 Oil Palm Plasma 11,438 72.1 25% 75 15% 63.4 Total Planted Area Total Planted Area 103 638 103,638 60 45 13 ‐ 16 32.1 30.8 27.7 28% 30 18.3 15 5 ‐ 8 5 8 0 23% 9 ‐ 12 FY06 FY07 FY08 FY09 FY10 FY11 8% 6 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Production Highlights ‐ Rubber • Rubber nucleus field production maintained at Factory Prod (MT) 9m10 9m11 YoY FY10 FY11 YoY 20,334MT due to maturing aging tree profile as Natural Rubber 22,120 21,179 ‐ 4% 29,986 27,687 ‐ 8% well as ongoing rubber replanting program. Field Production (MT) • Despite steady nucleus field productivity, p y p y, Nucleus 14,678 14,819 1% 20,402 20,334 0% Rubber factory production were 27,687MT or Nucleus yield /Ha 1.1 1.1 1.5 1.5 slightly declined because we are implementing Purchased 6,824 5,987 ‐ 12% 11,662 7,093 ‐ 39% selective purchase to maintain quality. • Future growth driver: 36% of the planted Future growth driver: 36% of the planted Planted Area (Ha) FY11 Rubber Nucleus is still immature with age Rubber Nucleus 18,921 ranging between 0 ‐ 6 years. Rubber Sales Vol Contribution FY11 Rubber Nucleus Age Pofile FY11 Cenex Above 20 27% 23% Others 0 ‐ 6 yrs y 4% 36% RSS1 Sir10/20 10% 45% 17 ‐ 20 8% Sir3cv Sir3cv 13 ‐ 16 14% 7 ‐ 12 12% 21% 7 PT Bakrie Sumatera Plantations Tbk | Management Presentation | April 2012
Recommend
More recommend
