Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — Q1 2024 Earnings Presentation
16 slides from Bumitama Agri's earnings presentation, May 2024
Slide 1: Quarterly Performance – First Quarter of 2024
Excellence Through Discipline Quarterly Performance First Quarter of 2024
Slide 2: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 3: Executive Summary – First Quarter of 2024
Executive Summary – First Quarter of 2024 A decent start Revenue increased 8% to IDR3.87 trillion in 1Q24, largely driven by rising volume o CPO sales in 1Q24, accounting 91% of total revenue, climbed 7% vs 1Q23 due to 7% rise in sales volume o PK sales spiked 19% YoY, which was also volume driven,
Slide 4: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 5: FFB Harvest
FFB Harvest In 1Q24, West Kalimantan estates contributed 7% YoY growth in internal FFB. On the other hand, Central Kalimantan region booked 60% YoY rise in external FFB Total Internal* External -18% -18% 2% Thousand tons -17% Thousand tons Thousand tons 932 20% 1,397 764 746 764 464 8% 387 387 322 1
Slide 6: Income Statement Highlights
Income Statement Highlights Excluding forex swing arising from the higher-for-longer rates by the Fed, core earnings in 1Q24 amounted to IDR373.69 billion, or 23% higher versus 1Q23 figure Revenue Gross Profit Net Profit* -13% 6% 8% 1% IDR billion -15% -23% IDR billion IDR billion 947 3,874 3,874 82
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Sales contribution from CPO in 1Q24 climbed 7% YoY as the 7% rise in sales volume more than offset the 1% decline in price Production Volume Productivity (1Q23 vs 1Q24) -20% 0.4% 321 Yield (ton/ ha), OER (%) 9% Thousand tons 22.1 22.5 256 256 235 2% CPO IDR 3,540 bn 91% 4.1 4.2
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) Price of palm kernel has started to appreciate in par with substitutes in lauric oil market, resulting in outperformance over CPO in 1Q24 Production Volume Productivity (1Q23 vs 1Q24) PK -22% 0.2% IDR 333 bn Yield (ton per ha), KER (%) 2% 68 12% Thousand tons 9% 4.5 4.7 4.1 4.2 53 5
Slide 9: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 10: Fundamentally strong
Fundamentally strong Improving industry prospects in the past five years have resulted in robust financial performance and paved the way for significant deleveraging Post dip from record high prices in 2022, palm oil Financial well-being following plentiful cash flow from remains at elevated level o
Slide 11: Operational outperformance and resilience
Operational outperformance and resilience Excellence through discipline is the driving force behind our best agronomy practices through synergy creation amongst tens of thousands of individuals working in unity Production volume Productivity 4.0 CAGR: 22 6 3% 3.5 21 5 3.0 20 4 Ton per ha 2.5 Ton per
Slide 12: Table of Contents
Executive Summary Table of Performance Highlights Contents Performance Trend Appendix
Slide 13: 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 Singapore West Kalimantan ● 80k ha planted area ● 6 mills with 360 tph capacity Riau ● 2k ha planted area ● 1 mill with 90 tph c
Slide 14: Total Planted Area
Total Planted Area Planted area of about 187k hectares, consisting of nucleus estates covering 124k hectares, and plasma estates covering 63k hectares; average age is 14 years old Producing 97.4% Immature 2.6% Immature Producing Data presented is as of 31 March 2024 P A G E 13
Slide 15: Contact Us
Contact Us If you need further information, please email us at [email protected] Bumitama Agri Ltd. 10 Anson Road #11-19 International Plaza Singapore 079903 Tel: +65 6222 1332 Fax: +65 6222 1336 QR code for our website www.bumitama-agri.com P A G E 14
Slide 16: Thank You
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