Bumitama Agri : FIRST QUARTER/ THREE MONTHS 2023 – PRESENTATION
May 04, 2023
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BUMITAMA AGRI
Excellence through discipline
Quarterly Performance First Quarter 2023
Table of Contents
Executive Summary
Performance Highlights
Performance Trend
Appendix
1
Executive Summary - First quarter 2023
Normalizing commodity prices
Bumitama recorded IDR 3.60 trillion in revenue in 1Q23, or 8% lower than the same period in 2022 o Revenue contribution from CPO climbed 3%, attributable to 19% rise in sales volume following inventory
drawdown which more than offset the 14% decline in selling price within the period
o Revenue from PK on the other hand, recorded 58% decline due to 11% lower sales volume and 53% fall in price
Average selling price of PK fell more than CPO in 1Q23 because palm kernel oil has been unusually trading at discount versus palm oil in Rotterdam, due to price competitiveness from the soft oils
Net profit in 1Q23 amounted to IDR 429.12 billion, or 51% lower than 1Q22, primarily due to lower average selling price amid normalizing commodity prices and higher fertilizer prices
o Notably, the 1Q23 net profit figure is still 15% higher than the quarterly average in the past five years, and the second highest first quarter figure on record
Normalized low-cycle period
Year-on-yearbasis, production in 1Q23 also trended down due to high base effect while quarter-on-quarter basis, oil palms experienced a normalized low-cycle season
o FFB production from internal sources reached 745,585 tons in 1Q23, declining 13% in both YoY and QoQ terms o The trend was different in the 1Q22 period when Bumitama recorded FFB harvests of 852,441 tons which was
18% higher than the previous quarter, a typically high-cycle period
Bumitama production will be bigger in the second half of the year. Hence, a contrasting trend versus last year
Note:
Net profit stated above is attributable to Owners of the Company
• QoQ is comparison between 1Q23 and 4Q22 periods
2
Table of Contents
Executive Summary
Performance Highlights
Performance Trend
Appendix
3
FFB Harvest
1Q23 was a period of normalized low cycle, highlighted by quarterly volume decline vs 4Q22, unlike 1Q22
Total
Internal
External
tons
tons
-13%
-13%
tons
-10%
-9%
853
852
Thousand
Thousand
746
746
Thousand
1,193
1,170
-5%
2%
1,068
1,068
340
322
317
322
4Q22
1Q23
1Q22
1Q23
4Q22
1Q23
1Q22
1Q23
FFB Yield
OER
per ha
-15%
-13%
%
-0.4%
4.8
4.7
Ton
4.1
4.1
22.1
22.1
22.5
22.1
4Q22
1Q23
1Q22
1Q23
4Q22
1Q23
1Q22
1Q23
4Q22
1Q23
1Q22
1Q23
4
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Disclaimer
Bumitama Agri Ltd. published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 07:52:09 UTC.
Bumitama Agri Ltd. is an Indonesia-based fresh fruit bunch (FFB) grower and producer of crude palm oil (CPO) and palm kernels (PK). The principal activity of the Company is investment holding. The principal activities of the subsidiaries are that of investment holding, operating oil palm plantations and palm oil mills located across the Indonesian provinces of Central Kalimantan, West Kalimantan and Riau, and the production and trading of crude palm oil and related products. It is engaged in the cultivation of oil palm trees, as well as the harvesting and processing of fresh palm fruit bunches (FFB) into CPO and PK. The Company has a total of 15 mills with a total planted area of approximately 187,628 hectares. Its mills include Pundu Nabatindo Mill, Katari Agro Mill, Gunung Makmur Mill, Bukit Makmur Mill, Sungai Cempaga Mill, Selucing Mill, Kotawaringin Mill, Lamandau Mill, Tonam Raya Mill, Kendawangan Mill, Pembangunan Raya Mill, Sungai Rasau Mill and Bukit Tunggal Jaya Mill.
BUMITAMA AGRI LTD. 
