EHPT December data appendix....4Q Optimism
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The document provides quarterly data and analysis on EHPT's palm oil production, sales, costs, and financial performance. Key highlights include: - Palm oil production rebounded in October after being lower earlier in the year. Sales and prices were also lower but are now rebounding. - Cash costs per hectare have decreased with economies of scale, dropping to Rp10,976 in 9M2015 from Rp18,103 in 2014. - While capital expenditures have been lower in recent years, the balance sheet remains strong with equity of Rp6,947 billion in 2016. - EBITDA has remained positive despite lower revenue, coming in at Rp201 billion in 3Q
EHPT December data appendix....4Q Optimism
- 1. EHPT December data appendix....4Q optimism
- 2. Weather, raining again Monthly rainfall, mm -00 150 300 450 600 2012 2013 2014 2015 West Kalimantan Central Kalimantan South Kalimantan East Kalimantan Papua
- 3. 2012 2013 2014 2015 38.1 55.2 61.9 67.7 Immature hectares, '000 2012 2013 2014 2015 115.1 97.8 82.6 63.7 Mature hectares, '000 Plantations, maturing
- 4. 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 29.4 30.3 27.0 22.5 28.3 31.0 28.928.7 26.5 25.7 24.8 35.335.6 Palm oil tons monthly, '000 Production, October rebound
- 5. 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 2015 1 Plantation Cost 14,648 14,126 7,905 2 Opex 3,936 3,968 3,072 3 Cash Cost per Hectares(1+2) 18,583 18,094 10,976 Note: 2013/14 GE Only
- 6. 1Q 2015 2Q 3Q 4Q 70.8 88.785.3 Palm oil sales, tons 1Q 2015 2Q 3Q 4Q 7.7 7.2 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 4.8 4.5 Kernel price, Rpm Sales & price, lower but rebounding now
- 7. 2012 2013 2014 2015 2,2243,504 867730 6,764 5,278 2,3612,384 Mature plantations, Rpbn Immature plantations, Rpbn 2012 2013 2014 2015 219 349.6 516.8 210.6 243 423.7421.5421.4 Immature capex, Rpbn PPE capex, Rpbn 2012 2013 2014 2015 8,087 7,341 2,700 1,618 Debt, Rpbn 2012 2013 2014 2016 6,6916,947 2,2322,378 Equity, Rpbn Balance sheet, lower capital expenditures
- 8. 2015 1Q 2Q 3Q 4Q 569.1 756.0734.9 Revenue, Rpbn 2015 1Q 2Q 3Q 4Q 122.7 235.9 201.0 EBITDA, Rpbn 2015 1Q 2Q 3Q 4Q -99.2 5.37.6 Net income Rpbn 2015 1Q 2Q 3Q 4Q 1.0 0.7 -17.4 27.4 31.2 21.6 EBITDA margin % Net margin, % P&L, EBITDA still positive
- 9. ....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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