Indofood Agri Resources Ltd. · SGX:5JS

Indofood Agri Resources — Q2 2007 Earnings Presentation

20 slides from Indofood Agri Resources's earnings presentation, August 2007

  1. Slide 1: Integrated Plantation with Leading Brands – Q2 2007 Results

    INTEGRATED PLANTATION WITH LEADING BRANDS Company Presentation – Q2 2007 Results August 2007

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation was prepared solely and exclusively for the parties presently being invited for the purposes of discussion. Neither this presentation nor any of its content may be reproduced, disclosed or used without the prior written consent of Indofood Agri Resources Ltd. This presen

  3. Slide 3: Presentation Outline

    PRESENTATION OUTLINE 1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 3

  4. Slide 4: Executive Summary

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 4

  5. Slide 5: Executive Summary

    EXECUTIVE SUMMARY Key Ratios HY HY 2007 2006 Gross Margin 24.4% 19.5% EBITDA Margin 19.3% 15.3% Operating Profit Margin 23.7% 27.4% Net Profit After Minority Margin 13.1% 13.9% 94.9% 97.0% 34.9% 46.5% 55.8% 645 625 510 345 463 235 331 259 HY 2006 HY 2007 HY 2006 HY 2007 HY 2006 HY 2007 HY 2006 HY 20

  6. Slide 6: Key Plantation Highlights

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 6

  7. Slide 7: Plantation Highlights

    Plantation Highlights In Hectares 30 June 2007 31 Dec 2006 Increase Total Land Bank *) 224,083 **) 138,542 85,541 • Riau 60,755 60,755 - • Other Regions 163,328 77,787 85,541 Planted Area ***) 76,728 66,900 9,828 • Riau 56,801 56,610 191 • Other Regions 19,927 10,290 9,637 Mature Area ***) 61,532 59

  8. Slide 8: Plantation Highlights

    Plantation Highlights HY 2007 HY 2006 Growth FY2006 FFB Production (‘000 tons) 576 557 3.4% 1,324 • Riau 574 555 3.4% 1,320 • Other Regions 2 1 - 4 FFB Yield (Ton / Ha) 9.4 9.4 (0.4%) 22.3 • Riau 10.5 10.3 2.8% 24.4 • Other Regions 0.2 0.3 (4.8%) 0.8 CPO Production (‘000 tons) 134 127 4.8% 300 CPO E

  9. Slide 9: Financial Highlights

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 9

  10. Slide 10: Financial Highlights

    Financial Highlights Rp bn HY 2007 HY 2006 DESCRIPTION (Unaudited) (Unaudited) Growth FY 2006 SALES 2,638 100.0% 1,693 100.0% 55.8% 4,089 100.0% GROSS PROFIT 645 24.4% 331 19.5% 94.9% 1,007 24.6% EBITDA 510 19.3% 259 15.3% 97.0% 801 19.6% Gains arising from changes in fair value of biological assets

  11. Slide 11: Revenue by Business Segment

    Revenue by Business Segment *) HY HY2007 2007 HY HY2006 2006 Rp 1,872 bn [56%] Rp 1,227 bn [57%] Rp 623 bn [19%] Rp 384 bn [18%] Rp 836 bn [25%] Rp 540 bn [25%] Cooking Oil Commodity Plantation CookingRp Rp 1,493 bnshowed highest contribution in terms of Revenue Oil1,492 Division bn Revenue growth i

  12. Slide 12: EBITDA by Business Segment

    EBITDA by Business Segment *) 100% 100% 4% 11% 8% CPO CPO 101% Source 88% Source Externally Externally 0% 0% (12%) HY 2007 HY 2006 Plantation – CPO internally supplied Cooking Oil Commodity 12

  13. Slide 13: Segment Information

    Segment Information Rp bn Sales EBITDA EBITDA Margin DESCRIPTION HY 07 HY 06 HY 07 HY 06 HY 07 HY 06 Plantations 836 540 507 273 60.6% 50.6% Cooking Oil & Fats 1,872 1,227 50 29 2.6% 2.3% Commodity 623 384 21 (32) 3.5% (8.3%) Elimination & Adjustment (692) (458) (67) (11) Total 2,638 1,693 510 259 1

  14. Slide 14: Plantation Sales

    Plantation Sales *) HY 2007 HY 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (tons) CPO 134,731 134,584 0.1% 304,690 PK 30,629 27,249 12.4% 63,560 SALES VALUE (Rp bn) 836 540 54.8% 1,305 *) Before eliminations of inter-segment transactions 14

  15. Slide 15: Cooking Oil & Fats Sales

    Cooking Oil & Fats Sales *) HY 2007 HY 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (tons) Cooking Oil 175,644 165,609 6.1% 370,909 Margarine 88,401 77,061 14.7% 177,655 SALES VALUE (Rp bn) 1,872 1,227 52.6% 2,972 *) Before eliminations of inter-segment transactions

  16. Slide 16: Commodity Sales

    Commodity Sales *) HY 2007 HY 2006 Growth FY2006 DESCRIPTION (Unaudited) (Unaudited) (Proforma) SALES VOLUME (MT) CNO 60,514 44,713 35.3% 86,554 RBD Palm Oil / Olein 31,869 25,059 27.2% 42,055 SALES VALUE (Rp bn) 623 384 62.0% 717 *) Before eliminations of inter-segment transactions 16

  17. Slide 17: Financial Position

    Financial Position Rp bn June 2007 Dec 2006 DESCRIPTION (Unaudited) (Proforma) Biological Assets 2,863 2,481 Cash & Cash Equivalents 1,693 322 Total Assets 7,685 5,586 Total Equity 5,508 2,794 Funded Debt 95 1,093 Gearing Ratio 0.02 0.39 17

  18. Slide 18: Strategic Initiatives

    1. Executive Summary 2. Key Plantation Highlights 3. Financial Highlights 4. Strategic Initiatives 18

  19. Slide 19: Strategic Initiatives

    STRATEGIC INITIATIVES PLANTATION • Due Diligence process on plantation acquisition of PT. PP London Sumatra Tbk. • Continue to expand new planting area. COOKING OIL & FATS • Start operating the coal boiler at Surabaya refinery in May 2007. • Strengthen brands’ identity and brand loyalty by A&P progr

  20. Slide 20: Thank You

    THANK YOU 20

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