gozco presentation company- citi investor conference 2012
TRANSCRIPT
Company Presentation
PT Gozco Plantations Tbk.June 2012
These presentations and/or other documents have been written and presented by PT. Gozco
Plantations Tbk. (“Gozco Plantations”). The information in this document has not been
Disclaimer
Plantations Tbk. (“Gozco Plantations”). The information in this document has not been
independently verified. No representation or warranty expressed or implied is made as to, and
no reliance should be placed on, the fairness, accuracy, completeness or correctness of such
information or opinions contained herein. None of Gozco Plantations, nor any of its
affiliates, advisers or representatives shall have any liability whatsoever (in negligence or
otherwise) for any loss whatsoever arising from the use of this document or its contents or
otherwise arising in connection with this document.
No endorsement is intended or implied notwithstanding the distribution of the presentations
and/or other documents. The materials and information in the presentations and otherand/or other documents. The materials and information in the presentations and other
documents are for informational purposes only, and are not an offer or solicitation for the
purchase or sale of any securities or financial instruments or to provide any investment service
or investment advice.
2
Agenda
• About Gozco Plantations
• Operational & Financial Performance
• Target & CAPEX 2012
• Group updates
3
Company’s Milestones
Area Planted Matured Immatured
119,937 36,484 21,429 15,055
Year Significant Event
1Q 2012 -
(In Hectare)
119,937 36,484 21,429 15,055
119,937 36,484 20,543 15,941
123,894 32,318 18,214 14,104
126,194 27,085 14,881 12,204
31,310 15,980 6,631 9,349
28,060 13,050 6,508 6,542
1Q 2012 -
2011Increasing the ownership in Golden
Blossom to 95%
2010 Building Mill 45 ton/ha at Golden Blossom
2009Increasing Mill capacity to 90 ton/ha &
Acquiring Palma Sejahtera
2008IPO @ Rp.225/share by selling 30% of share
to public, Listing in IDX
2007 Acquiring Cahya Vidi Abadi
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22,060 9,859 5,875 3,984
9,260 6,631 5,858 774
8,858 5,875 4,262 1,614
8,858 4,262 0 4,262
2006 Acquiring Golden Blossom Sumatra
2005 Acquiring Bumimas Indo Sawit
2003Start managing plantation fulltime,
Reorganization &rehabilitation, Building Mill 45 ton/ha
1999Initially entering oil palm business by
acquiring Suryabumi
Company’s Structure(As of December 2011)
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Management Team
• Board of Commissioner
President Commissioner: MustofaPresident Commissioner: Mustofa
Commissioner: Rudyansyah Bin Abdul Cosim
Commissioner: Harijanto
Independent Commissioner: Benyamin Subrata
• Board of Director
President Director: Tjandra Mindharta Gozali
Director: Andrew Michael Vincent
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Director: Andrew Michael Vincent
Director: Jamal Rosyidin Hakki
Director: Enggan Nursanti
Director: Kreisna Dewantara Gozali
Non-Affiliated Director: Kho Livia Kartika
Estate Locations(As of December 2011)
South SumatraTotal Area: 36,780 Ha
West KalimantanTotal Area: 33,350 HaTotal Area: 36,780 Ha
Planted: 24,618 Ha
Mill Capacity: 90 Ton/Hour
Total Area: 33,350 Ha
Planted: 4,541 Ha
West SumatraTotal Land Bank: 39,500 Ha
Cetral KalimantanTotal Area: 10,307 Ha
Planted Area : 7,324 Ha
Mill Capacity: 45 Ton/Hour
7
Plantations Profile(As of March 2012 in Hectare)
17%
*) Including Indotruba area of 6,605 ha8
Prime (7-18 Yrs)
Operational Performance
9
FFB Production(Tons)
10
*) Excluding Production from Indotruba
FFB Processed(Tons)
233,663
273,433265,939
77,323
127,543
152,984 161,108 167,594
60,850
63,629
112,95572,554
105,839
12,710
External
Internal
233,663
40,044
138,173
191,172
*) Excluding Production from Indotruba
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2007 2008 2009 2010 2011 1Q 2012
77,323
27,294
Production Volume(Tons)
YearExtraction Rate*
59,416
51,564
58,139
YearExtraction Rate*
CPO PK
2007 21.27% 4.01%
2008 22.11% 4.54%
2009 22.34% 4.32%
2010 22.08% 4.48%
2011 21.26% 4.33%
29,429
42,167
51,564
9,3785,542
8,65911,849
10,466 11,845
CPO
PK
1Q 2012 23.36% 4.81%
*) Excluding production from Indotruba
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2007 2008 2009 2010 2011 1Q 2012
9,3785,542
8,659
1,928
Plantations Area
As at Dec 2011 As at Mar 2012Change
Area (ha) Area (ha) Area (ha)
Mature 18,855* 18,855* -
Immature 10,498 10,498 -
Planted Nucleus 29,353 29,353 -
Mature 1,688 2,574 886
Immature 5,443 4,557 (886)
Planted Plasma 7,131 7,131-
13*) Including Indotruba Area of 6,605 ha
Planted Plasma 7,131 7,131
Total Mature 20,543* 21,429 886
Total Immature 15,941 15,055 (886)
Total Planted 36,484 36,484 -
Financial Performance
14
Sales Volume(Tons)
15
Average Selling Price CPO & Palm Kernel(IDR/Kg)
Projection 2012:ASP CPO: IDR 8,000/KgASP PK: IDR 5,000/Kg
16
Sales Value(IDR.Bio)
408
455
493
214
291
408
84
17
Income Statement Highlights(IDR.Bio)
IDR Million 2007 2008 2009 2010 2011IDR Million 2007 2008 2009 2010 2011
Sales 133 291 408 455 493
Gross Profit 67 116 145 193 156
Net Profit Attributable to ownersof the parent 26 55 204 161 167
Basic Earnings per share (IDR) 7.39 12.31 40.88 32.16 33.42
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Basic Earnings per share (IDR) 7.39 12.31 40.88 32.16 33.42
Balance Sheet Highlights(IDR.Bio)
IDR Million 2007 2008 2009 2010 2011IDR Million 2007 2008 2009 2010 2011
Total Assets 1,018 1,428 1,993 2,095 2,834
Total Liabilities 480 517 863 865 1,327
Equity Attributable to OwnersOf the Parent
506 881 1,069 1,170 1,492
19
Financial Ratios
Financial Year 2007 2008 2009 2010 2011Financial Year 2007 2008 2009 2010 2011
Gross Profit Margin (%) 50.19 39.96 36.02 42.34 31.64
Net Margin (%) 19.43 18.83 50.11 35.38 33.90
Debt to Equity (%) 94.93 58.65 80.70 73.94 88.95
Return on Equity (%) 5.10 6.21 19.10 13.73 11.20
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Return on Equity (%) 5.10 6.21 19.10 13.73 11.20
Target & CAPEX 2012
Target 2012
Production (ton)2011
(Actual)2012
(Projection)Projection
GrowthProduction (ton)(Actual) (Projection) Growth
FFB Production 167,625 200,000 19%
FFB Plasma & 3rd Party 105,839 100,000 -6%
FFB Processed 273,464 300,000 10%
CPO 58,139 67,500 16%
Palm Kernel 11,845 13,500 14%
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New Planting FY 2012: 4,000 ha
Capital Expenditures FY 2012
• New Planting of 4,000 ha: IDR.96 bio
• Maintenance of Immature of 15,055 ha: IDR.153 bio
• 35% payment of mill and port in Golden Blossom: IDR.47 bio
• Completion of Palembang regional office: IDR.5 bio
CAPEX ~ IDR.301 bio
23
Group Updates
• Construction of 45 MT/Hour FFB Mill at Golden
Blossom Sumatra ~ Effectively Operates in March 2013 Blossom Sumatra ~ Effectively Operates in March 2013
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This Mill is extendable to 90 MT/Jam & Using Sterilizer Oblique System
Group Updates
• Based on AGM result, the company will distribute :
1. Cash dividend: IDR 1 per share1. Cash dividend: IDR 1 per share
2. Stock dividend: 100: 1
3. Share bonus: 100 : 19
Cum date in regular market: 06 July 2012
Payment date: 25 July 2012
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Head Office
Gedung Graha Permata Pancoran
Jl. Raya Pasar Minggu No. 32 C/10
South Jakarta, Indonesia
Telephone: +62 21 799 5676
Fax: +62 21 799 5663Fax: +62 21 799 5663
E-mail: [email protected]
Representative office
Gedung Bank Yudha Bhakti Lt. 5
Jl. Raya Darmo 54–56
Surabaya 60265, Indonesia
Telephone: +62 31 561 2818
Fax: +62 31 562 0968
Thank YouThank You
For Further Queries Please Contact :
Ferryan Syukri at Investor Relations