Bumitama Agri Ltd. · SGX:P8Z
Bumitama Agri — H1 2022 Earnings Presentation
18 slides from Bumitama Agri's earnings presentation, August 2022
Slide 1: Bumitama Agri: Quarterly Performance First Half of 2022
BUMITAMA AGRI Excellence through discipline Quarterly Performance First Half of 2022
Slide 2: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 1
Slide 3: Executive Summary – First Half 2022 Performance
Executive Summary – First Half 2022 Performance Pronounced volume recovery outperformance in the second quarter of 2022 ● Quarterly FFB yield spiked in 2Q22 to reach 6.1 ton per hectare, a new record for Bumitama o FFB production from internal source climbed 19% YoY in 2Q22 o Main growth driver in 2
Slide 4: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 3
Slide 5: FFB Harvest
FFB Harvest Pronounced recovery in the second quarter has resulted in higher YoY output in first half of 2022 Total Internal External 8% 11% Thousand tons Thousand tons Thousand tons 9% 19% 21% 743 2,704 1,961 1,819 667 20% 2,486 426 1,109 931 351 2Q21 2Q22 1H21 1H22 2Q21 2Q22 1H21 1H22 1,534 1,283
Slide 6: Income Statement Highlights
Income Statement Highlights New all-time high quarterly EBITDA margin as key financial metrics surged across the board Revenue Gross Profit Net Profit* 224% 350% IDR billion IDR billion IDR billion 65% 245% 312% 2,179 8,968 3,772 2,272 1,306 62% 1,165 484 658 317 5,438 2Q21 2Q22 1H21 1H22 2Q21 2Q22
Slide 7: Crude Palm Oil (CPO)
Crude Palm Oil (CPO) Year-on-year spike in selling price, in addition to stable operational metrics, have paved the way Production Volume Oil Extraction Rates (1H21 vs 1H22) 7% -0.3% Oil Extraction Rates (%) Thousand tons 603 564 22.7 22.4 17% CPO IDR 7,612 bn 341 84.9% 292 2Q21 2Q22 1H21 1H22 OER R
Slide 8: Palm Kernel (PK)
Palm Kernel (PK) PK continues to perform well, supported by the price rally and higher volume Production Volume Kernel Extraction Rates (1H21 vs 1H22) PK IDR 1,356 bn Kernel Extraction Rates (%) 10% Thousand tons 15.1% 4.7 4.7 128 18% 117 72 61 2Q21 2Q22 1H21 1H22 KER Revenue Average Selling Price S
Slide 9: Table of Contents
Table of Contents Executive Summary Performance Highlights Performance Trend Appendix 8
Slide 10: Strong Fundamentals – Financial Performance
Strong Fundamentals – Financial Performance Financial growth in the past decade amidst headwinds from external factors 18,000 6.0 MYR thousand (per ton) IDR billion CAGR: 5% 16,000 CAGR: 18% 5.0 14,000 12,000 4.0 10,000 3.0 8,000 CAGR: 18% 6,000 2.0 4,000 CAGR: 16% 1.0 2,000 0 0.0 4Q21 2Q22 2Q12 3Q1
Slide 11: Strong Fundamentals – Production Performance
Strong Fundamentals – Production Performance Rising production trend has been fueling our performance growth over the past decade 4,000 Thousand tons CAGR: 12% 3,500 3,000 2,500 2,000 1,500 CAGR: 11% 1,000 500 0 4Q21 2Q22 3Q14 1Q20 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 4Q14 1Q15 2Q15 3Q15 4Q1
Slide 12: Strong Fundamentals – Productivity
Strong 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 2Q22 1Q14 4Q14 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 2Q14 3Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
Slide 13: Strong Fundamentals – Gearing Ratio
Strong Fundamentals – Gearing Ratio Robust performance in the past two years has paved the way for significant deleveraging 1.0x 0.9x 0.8x 0.7x 0.6x 0.5x 0.4x 0.3x 0.2x 0.1x 0.0x 4Q12 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 2Q22 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
Total Planted Area Planted area of about 188k hectares, consisting of nucleus estates covering 132k hectares, and plasma estates covering 56k hectares; average age is 12.5 years old as of 1 Jan 2022 Matured 97.1% Immature 2.9% *As of 30 June 2022 15
Slide 17: 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 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