Bumitama Agri : SECOND HALF AND FULL YEAR 2021 PRESENTATION
February 24, 2022
Share
BUMITAMA AGRI
Excellence through discipline
Quarterly Performance Full year 2021
Table of Contents
Executive Summary
Performance Highlights
Performance Trend
Appendix
1
Executive Summary - Full Year 2021 Performance
Record-breaking year for Bumitama as revenue, net profit, and EBITDA reached all-time high
Quarterly performance was attributable to surge in palm oil and lauric oil prices amidst the less-than-expected palm oil supply within the period
In 4Q21, revenue contribution from CPO and PK spiked 22% and 39% YoY respectively, to reach IDR 3,309.1 billion and IDR 442.7 billion
CPO saw 56% higher selling price while PK spiked even more, at 74% higher YoY. Both of which had more than offset weaker sales volume within the period
In full year terms, revenue grossed over IDR 10 trillion for the first time on record
Revenue by the Group reached IDR 12.2 trillion in 2021, or 35% higher YoY, as both price and volume increased
EBITDA and net profit reached fresh-new high of IDR 3.5 trillion and IDR 1.7 trillion respectively, rising by 36% and 53% versus 2020 figures
Despite production anomaly in 4Q21, production volume in FY21 managed to climb further
FFB output from internal source climbed 2% YoY to reach 3.4 million tons in 2021
Out of the 3 operational regions, Riau estates recorded the highest YoY growth of 14%, West Kalimantan came second with 11%. On the other hand, Central Kalimantan recorded 3% lower output
Typically, output in first quarter of the year is the lowest proportionally, but not in 2021. Output in 4Q21 turned out to be the lowest one, a first occurrence for Bumitama since becoming publicly listed in 2012
Double-dip La Nina event in 2021
Average number of rainy days in Bumitama managed estates reached 190 days in 2021, or 22% more than the 10- year average. Similar weather pattern as 2020
Hence, the 2021 La Nina was referred to as double-dip because typically, La Nina events occur every 3 to 5 years or so. The last time we saw this was in the consecutive La Nina events of 2010 and 2011
Note:
* Net profit mentioned above is attributable to owners of the company
2
Table of Contents
Executive Summary
Performance Highlights
Performance Trend
Appendix
3
FFB Harvest in 2021
Despite weather-related constraint in 4Q21 period, production volume in FY21 climbed further
Total
tons
2%
4,643
4,534
Thousand
-26%
1,372
1,018
4Q20
4Q21
FY20
FY21
Internal
tons
2%
Thousand
3,314
3,374
-30%
1,033
720
4Q20
4Q21
FY20
FY21
FFB Yield
per ha
19.0
18.6
Ton
5.9
4.0
4Q20
4Q21
FY20
FY21
External
tons
4%
1,220
1,269
Thousand
-12%
339
299
4Q20
4Q21
FY20
FY21
OER
%
22.6%
22.6%
22.6%
22.5%
4Q20
4Q21
FY20
FY21
4
Attachments
Original Link
Original Document
Permalink
Disclaimer
Bumitama Agri Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 09:31:07 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. 
