ehpt december data appendix....4q optimism
TRANSCRIPT
EHPT December data appendix....4Q optimism
Weather, raining again
Monthly rainfall, mm
-00
150
300
450
600
2012 2013 2014 2015
West KalimantanCentral Kalimantan South KalimantanEast KalimantanPapua
2012 2013 2014 2015
38.155.261.967.7
Immature hectares, '000
2012 2013 2014 2015
115.197.8
82.663.7
Mature hectares, '000
Plantations, maturing
2014 2Q 3Q 4Q 2015 2Q 3Q
300
351
297
343337
382
334
Total fruit tons, 000
2014 2Q 3Q 4Q 2015 2Q 3Q
12.8
15.7
12.8
15.3
13.013.3
11.6
Kernel tons, '000
2014 2Q 3Q 4Q 2015 2Q 3Q
77.0
88.7
78.4
90.4
81.682.8
74.6
Palm oil tons, 000
Nov Jan Mar May Jul Sep Nov
29.430.3
27.0
22.5
28.3
31.028.928.7
26.525.724.8
35.335.6Palm oil tons monthly, '000
Production, October rebound
Costs, enjoying economies of scale
Nucleus cash cost per hectare, Rp000
2013 2014 9M2015
10,976
18,10318,636
Cost/hectare, Rp '000 2013 2014 9M 20151 Plantation Cost 14,648 14,126 7,9052 Opex 3,936 3,968 3,0723 Cash Cost per Hectares(1+2) 18,583 18,094 10,976Note: 2013/14 GE Only
1Q 2015 2Q 3Q 4Q
70.8
88.785.3 Palm oil sales, tons
1Q 2015 2Q 3Q 4Q
7.77.2
6.8
Palm oil price, Rpm
1Q 2015 2Q 3Q 4Q
14.714.614.5
Kernel sales,, 000 tons
1Q2015 2Q 3Q 4Q
3.8
4.84.5
Kernel price, Rpm
Sales & price, lower but rebounding now
2012 2013 2014 2015
2,2243,504
867730
6,7645,278
2,3612,384
Mature plantations, RpbnImmature plantations, Rpbn
2012 2013 2014 2015
219
349.6516.8
210.6
243423.7421.5421.4
Immature capex, RpbnPPE capex, Rpbn
2012 2013 2014 2015
8,0877,341
2,7001,618
Debt, Rpbn
2012 2013 2014 2016
6,6916,947
2,2322,378
Equity, Rpbn
Balance sheet, lower capital expenditures
2015 1Q 2Q 3Q 4Q
569.1
756.0734.9
Revenue, Rpbn
2015 1Q 2Q 3Q 4Q
122.7
235.9201.0
EBITDA, Rpbn
2015 1Q 2Q 3Q 4Q-99.2
5.37.6Net income Rpbn
2015 1Q 2Q 3Q 4Q
1.0 0.7
-17.4
27.4 31.221.6
EBITDA margin %Net margin, %
P&L, EBITDA still positive
....4Q optimism
Nucleus fruit production, tons
30,000
60,000
90,000
120,000
150,000
Nov 2015 Jan Mar May July Sep Nov
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