gozco presentation company- citi investor conference 2012

Company Presentation

PT Gozco Plantations Tbk.June 2012

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

otherwise) for any loss whatsoever arising from the use of this document or its contents or

otherwise arising in connection with this document.

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purchase or sale of any securities or financial instruments or to provide any investment service

or investment advice.

2

Agenda

• About Gozco Plantations

• Operational & Financial Performance

• Target & CAPEX 2012

• Group updates

3

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 -

2011Increasing the ownership in Golden

Blossom to 95%

2010 Building Mill 45 ton/ha at Golden Blossom

2009Increasing Mill capacity to 90 ton/ha &

Acquiring Palma Sejahtera

2008IPO @ Rp.225/share by selling 30% of share

to public, Listing in IDX

2007 Acquiring Cahya Vidi Abadi

4

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 0 4,262

2006 Acquiring Golden Blossom Sumatra

2005 Acquiring Bumimas Indo Sawit

2003Start managing plantation fulltime,

Reorganization &rehabilitation, Building Mill 45 ton/ha

1999Initially entering oil palm business by

acquiring Suryabumi

Company’s Structure(As of December 2011)

5

Management Team

• Board of Commissioner

President Commissioner: MustofaPresident 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

6

Director: Andrew Michael Vincent

Director: Jamal Rosyidin Hakki

Director: Enggan Nursanti

Director: Kreisna Dewantara Gozali

Non-Affiliated Director: Kho Livia Kartika

Estate Locations(As of December 2011)

South SumatraTotal Area: 36,780 Ha

West KalimantanTotal Area: 33,350 HaTotal Area: 36,780 Ha

Planted: 24,618 Ha

Mill Capacity: 90 Ton/Hour

Total Area: 33,350 Ha

Planted: 4,541 Ha

West SumatraTotal Land Bank: 39,500 Ha

Cetral KalimantanTotal Area: 10,307 Ha

Planted Area : 7,324 Ha

Mill Capacity: 45 Ton/Hour

7

Plantations Profile(As of March 2012 in Hectare)

17%

*) Including Indotruba area of 6,605 ha8

Prime (7-18 Yrs)

Operational Performance

9

FFB Production(Tons)

10

*) Excluding Production from Indotruba

FFB Processed(Tons)

233,663

273,433265,939

77,323

127,543

152,984 161,108 167,594

60,850

63,629

112,95572,554

105,839

12,710

External

Internal

233,663

40,044

138,173

191,172

*) Excluding Production from Indotruba

11

2007 2008 2009 2010 2011 1Q 2012

77,323

27,294

Production Volume(Tons)

YearExtraction Rate*

59,416

51,564

58,139

YearExtraction 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

9,3785,542

8,65911,849

10,466 11,845

CPO

PK

1Q 2012 23.36% 4.81%

*) Excluding production from Indotruba

12

2007 2008 2009 2010 2011 1Q 2012

9,3785,542

8,659

1,928

Plantations Area

As at Dec 2011 As at Mar 2012Change

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-

13*) 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 -

Financial Performance

14

Sales Volume(Tons)

15

Average Selling Price CPO & Palm Kernel(IDR/Kg)

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

16

Sales Value(IDR.Bio)

408

455

493

214

291

408

84

17

Income Statement Highlights(IDR.Bio)

IDR Million 2007 2008 2009 2010 2011IDR Million 2007 2008 2009 2010 2011

Sales 133 291 408 455 493

Gross Profit 67 116 145 193 156

Net Profit Attributable to ownersof 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

Balance Sheet Highlights(IDR.Bio)

IDR Million 2007 2008 2009 2010 2011IDR 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 OwnersOf the Parent

506 881 1,069 1,170 1,492

19

Financial Ratios

Financial Year 2007 2008 2009 2010 2011Financial 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

Target & CAPEX 2012

Target 2012

Production (ton)2011

(Actual)2012

(Projection)Projection

GrowthProduction (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%

22

New Planting FY 2012: 4,000 ha

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

23

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

24

This Mill is extendable to 90 MT/Jam & Using Sterilizer Oblique System

Group Updates

• Based on AGM result, the company will distribute :

1. Cash dividend: IDR 1 per share1. 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

25

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 5663Fax: +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 YouThank You

For Further Queries Please Contact :

Ferryan Syukri at Investor Relations

Ferryan.syukri@gozco.com