Company Presentation PT Gozco Plantations Tbk. June 2012 - - PowerPoint PPT Presentation

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Company Presentation PT Gozco Plantations Tbk. June 2012 - - PowerPoint PPT Presentation

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Company Presentation PT Gozco Plantations Tbk. June 2012 Disclaimer 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

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Company Presentation

PT Gozco Plantations Tbk.

June 2012

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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

  • therwise) for any loss whatsoever arising from the use of this document or its contents or
  • therwise 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 other and/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

  • r investment advice.

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Agenda

  • About Gozco Plantations
  • Operational & Financial Performance
  • Target & CAPEX 2012
  • Group updates

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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

  • 2011

Increasing the ownership in Golden Blossom to 95% 2010 Building Mill 45 ton/ha at Golden Blossom 2009 Increasing Mill capacity to 90 ton/ha & Acquiring Palma Sejahtera 2008 IPO @ 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 4,262 2006 Acquiring Golden Blossom Sumatra 2005 Acquiring Bumimas Indo Sawit 2003 Start managing plantation fulltime, Reorganization &rehabilitation, Building Mill 45 ton/ha 1999 Initially entering oil palm business by acquiring Suryabumi

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Company’s Structure

(As of December 2011)

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Management Team

  • Board of Commissioner

President Commissioner: Mustofa President 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

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Estate Locations

(As of December 2011)

South Sumatra

Total Area: 36,780 Ha

West Kalimantan

Total Area: 33,350 Ha

Total Area: 36,780 Ha Planted: 24,618 Ha Mill Capacity: 90 Ton/Hour

Total Area: 33,350 Ha Planted: 4,541 Ha

West Sumatra

Total Land Bank: 39,500 Ha

Cetral Kalimantan

Total Area: 10,307 Ha Planted Area : 7,324 Ha Mill Capacity: 45 Ton/Hour

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Plantations Profile

(As of March 2012 in Hectare)

17%

*) Including Indotruba area of 6,605 ha

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Prime (7-18 Yrs)

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Operational Performance

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FFB Production

(Tons)

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*) Excluding Production from Indotruba

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FFB Processed

(Tons)

233,663 273,433 265,939

77,323 127,543 152,984 161,108 167,594 60,850 63,629 112,955 72,554 105,839 12,710

  • 233,663

40,044 138,173 191,172

*) Excluding Production from Indotruba

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  • 77,323

27,294

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Production Volume

(Tons)

Year Extraction Rate*

59,416 51,564 58,139

Year Extraction 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 9,378 5,542 8,659 11,849 10,466 11,845

CPO PK

1Q 2012 23.36% 4.81%

*) Excluding production from Indotruba

12 2007 2008 2009 2010 2011 1Q 2012

9,378 5,542 8,659 1,928

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Plantations Area

As at Dec 2011 As at Mar 2012 Change 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

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*) 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

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Financial Performance

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Sales Volume

(Tons)

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Average Selling Price CPO & Palm Kernel

(IDR/Kg)

Projection 2012: ASP CPO: IDR 8,000/Kg ASP PK: IDR 5,000/Kg

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Sales Value

(IDR.Bio)

408 455 493 214 291 408 84

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Income Statement Highlights

(IDR.Bio) IDR Million

2007 2008 2009 2010 2011

IDR Million

2007 2008 2009 2010 2011 Sales 133 291 408 455 493 Gross Profit 67 116 145 193 156 Net Profit Attributable to owners

  • f the parent

26 55 204 161 167 Basic Earnings per share (IDR) 7.39 12.31 40.88 32.16 33.42 18 Basic Earnings per share (IDR) 7.39 12.31 40.88 32.16 33.42

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Balance Sheet Highlights

(IDR.Bio) IDR Million

2007 2008 2009 2010 2011

IDR 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 Owners Of the Parent 506 881 1,069 1,170 1,492 19

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Financial Ratios

Financial Year

2007 2008 2009 2010 2011

Financial 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 20 Return on Equity (%) 5.10 6.21 19.10 13.73 11.20

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Target & CAPEX 2012

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Target 2012

Production (ton) 2011

(Actual)

2012

(Projection) Projection Growth

Production (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

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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

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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

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Group Updates

  • Based on AGM result, the company will distribute :
  • 1. Cash dividend:

IDR 1 per share

  • 1. 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 5663 Fax: +62 21 799 5663 E-mail: corporate@gozco.com

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 You Thank You

For Further Queries Please Contact : Ferryan Syukri at Investor Relations Ferryan.syukri@gozco.com