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20250314_ANJT_Laporan Informasi dan Fakta Material_31868933_lamp3.pdf
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Page 1
14 MARCH 2025
Table 1 : Production and Sales
2024 2023 Change
FFB Production (mt)
FFB from our estates 777,615 881,051 (11.7%)
Belitung Island 216,363 254,579 (15.0%)
North Sumatra I 137,830 142,406 (3.2%)
North Sumatra II 145,292 161,080 (9.8%)
West Kalimantan 187,664 192,550 (2.5%)
Southwest Papua 82,195 120,445 (31.8%)
South Sumatra 8,271 9,991 (17.2%)
FFB bought from third parties 463,835 503,811 (7.9%)
Total FFB processed 1,233,180 1,374,871 (10.3%)
Photo: Corporate Communications FFB YIELD (mt per hectare)
Average yield 18.4 20.3 (9.2%)
Belitung Island 19.5 21.4 (9.0%)
North Sumatra I 22.4 21.3 5.3%
OPERATIONAL UPDATE North Sumatra II 18.8 20.8 (9.5%)
West Kalimantan 20.7 21.6 (3.9%)
Southwest Papua 11.1 16.3 (31.8%)
South Sumatra 11.4 13.8 (17.2%)
CPO Production (mt)
PT Austindo Nusantara Jaya Tbk. (“ANJT” or “the Company”) Total production 245,395 283,659 (13.5%)
announced its operational performance and financial results
Belitung Island 63,049 82,049 (23.2%)
for the year ended December 31, 2024.
North Sumatra I 57,241 57,519 (0.5%)
North Sumatra II 45,802 50,077 (8.5%)
The Company faced severe challenges throughout 2024,
West Kalimantan 59,900 63,929 (6.3%)
primarily due to adverse weather conditions that caused
Southwest Papua 19,403 30,085 (35.5%)
operational challenges in the North Sumatra II and Southwest
Palm Kernel production 47,668 52,432 (9.1%)
Papua plantations. The El Niño event in 2023 also impacted
PKO production 1,121 1,459 (23.2%)
production in the Belitung Island, West Kalimantan and South
Sales (mt)
Sumatra plantations. This led to an 11.7% decrease in the
CPO Sales 245,784 288,942 (14.9%)
total Fresh Fruit Bunches (FFB) production from 881,051 mt
Belitung Island 63,800 83,300 (23.4%)
in 2023 to 777,615 metric tons (mt) in 2024. Consequently, FFB
North Sumatra I 57,678 58,442 (1.3%)
yield per hectare (ha) matured decreased from 20.3 mt per ha
North Sumatra II 46,050 52,419 (12.1%)
in 2023 to 18.4 mt per ha in 2024.
West Kalimantan 59,895 63,291 (5.4%)
The most severe production decline was experienced in Southwest Papua 18,361 31,490 (41.7%)
our Southwest Papua plantation, which recorded an FFB PK Sales 47,610 52,581 (9.5%)
production volume of 82,195 mt in 2024, a 31.8% decrease PKO Sales 1,550 1,049 47.7%
from the previous year’s total production of 120,455 mt. Productivity
Prevailing weather patterns also triggered plant disease Extraction Rate - CPO (Mixed) 19.9% 20.6% (3.6%)
outbreaks, further exacerbating our production shortfalls. CPO Average Selling Price - USD 822 731 12.3%
We anticipate production to rebound around the Q3 2025, six PK Average Selling Price - USD 501 358 40.1%
months after the plant disease remediation measures. PKO Average Selling Price - USD 1,077 734 46.7%
COMPANY PROFILE SHARE INFORMATION SHAREHOLDERS STRUCTURE CONTACT US
PT Austindo Nusantara Jaya Tbk # shares 3,354.2 mn (as of December 31, 2024) % PT Austindo Nusantara Jaya Tbk.
(“ANJT”) is an Indonesian agribusiness # free float 3,354.2mn PT Austindo Kencana Jaya 40.85 Menara SMBC Lantai 40 Floor
based food company committed to
Listing date 8-5-2013 PT Memimpin Dengan Nurani 40.85 Jalan Dr. Ide Anak Agung Gde Agung
responsible development. The company
is primarily engaged in the production IPO Price Rp 1,200 George Santosa Tahija 4.74 Kav 5.5 – 5.6, Kawasan Mega Kuningan
of crude palm oil at its established and Highest Rp 770 Sjakon George Tahija 4.74 Jakarta 12950 - Indonesia
developing estates. ANJT also engages Lowest Rp 625 Yayasan Tahija 0.00 T: +62 21 29651777 | F: +62 21 29651788
in the production of sago starch and Close Rp 715 Public 8.83 E: investor.relations@anj-group.com
edamame. www.anj-group.com
Page 2
INVESTOR NEWSLETTER | 14 MARCH 2025
Similar conditions occurred in the North Sumatra II plantation,
where high precipitation caused floods, destroying road and
FINANCIAL HIGHLIGHTS
other infrastructure and affecting FFB transportation and
logistics. In 2024, this plantation recorded an FFB production
volume of 145,292 mt, 9.8% below the 2023 figure. Our Financial Performance Results
Meanwhile, FFB production from the Belitung Island plantation Table 2: Consolidated Statements of Comprehensive Income
declined by 15.0% year-on-year (YoY) due to the impact of 2024 2023 (1)
the 2023 El Niño event. However, we observed a recovery in
production in the second half of 2024, particularly in Q4 2024, USD Rp. USD Rp. Change
where quarterly FFB production from this plantation grew by Thousands Millions (2) Thousands Millions (2)
91.0% compared to Q3 2024. This recovery reduced the FFB
production shortfall from 254,579 mt in 2023 to 216,363 mt Revenue 236,814 3,752,799 237,569 3,624,115 (0.3%)
in 2024. Cost of revenue (189,545) (3,003,715) (202,423) (3,087,967) (6.4%)
Gross profit 47,270 749,084 35,146 536,148 34.5%
The South Sumatra plantation was also affected by the 2023
Total operating
El Niño, recording an FFB production of 8,271 mt, a 17.2% (17,124) (271,367) (13,497) (205,898) 26.9%
expenses , net
decrease from the 9,991 mt produced in 2023. Finally, FFB
Operating profit 30,146 477,717 21,649 330,250 39.2%
production from our North Sumatra I and West Kalimantan Finance income 239 3,786 309 4,707 (22.6%)
plantations slightly decreased by 3.2% and 2.5% YoY, Finance charges (10,028) (158,914) (9,860) (150,412) 1.7%
respectively. Profit before tax 20,356 322,589 12,097 184,544 68.3%
Income tax
(11,198) (177,449) (7,666) (116,946) 46.1%
In 2024, total FFB purchased from external parties amounted expense
to 463,835 mt, a drop of 7.9% from 2023’s purchases. Profit for the
9,159 145,140 4,431 67,598 106.7%
Consequently, we processed 1,233,180 mt of FFB in our palm year
oil mills throughout 2024, to produce 245,395 mt of Crude Other
comprehensive (9,194) (145,697) 4,567 69,670 (301.3%)
Palm Oil (CPO). This production figure represents a 13.5%
income
decrease from the 283,659 mt of CPO produced in 2023.
Total
The combined oil extraction rate (OER) for our own FFB and comprehensive (35) (557) 8,998 137,268 (100.4%)
externally sourced FFB was 19.9% in 2024, 3.6% lower than income
the 20.6% in 2023. Our Palm Kernel (PK) production dipped EBITDA 59,245 938,856 49,128 749,448 20.6%
9.1% to 47,668 mt in 2024, compared to 52,432 mt in 2023. EBITDA margin
25.0% 25.0% 20.7% 20.7% 21.0%
We also recorded a lower Palm Kernel Oil (PKO) production (%)
of 1,121 mt in 2024, compared to the 1,459 mt in the previous 1) Restated due to the changes in presentation of shell sales and sales of RSPO certificates,
year. and due to error in applying equity method of accounting and amortization of the fair value
adjustments in step acquisition.
2) The translation of US Dollar amounts into the Indonesian Rupiah amounts are
The Company reported a 14.9% decrease in CPO sales volume
included solely for the convenience of the readers and has been made using the average
to 245,784 mt in 2024, compared to 288,942 mt in 2023, in line
of the exchange rates of Rp 15,847 to USD 1 for 2024 and Rp 15,255 to USD 1 for 2023.
with the lower CPO production volume. In addition, PK sales
volume dropped by 9.5% from 52,581 mt in 2023 to 47,610 mt
in 2024. Meanwhile, PKO sales volume significantly increased
Revenue from Sales and Service Concessions
by 47.7% to 1,550 mt, compared to 2023’s figure of 1,049 mt.
The Company reported a consolidated revenue of USD 236.8
The lower supply of CPO in the global market due to reduced
million in 2024, slightly lower than the USD 237.6 million
production in the major producing countries, particularly
achieved in 2023. The palm oil segment remained our core
Indonesia and Malaysia, drove up the benchmark CPO price
business, contributing USD 230.9 million in 2024, or 98.6% of
in 2024. We recorded an increase in the average selling price
the Company’s consolidated revenue.
(ASP) for CPO to USD 822/mt in 2024, 12.3% higher than
the ASP of USD 731/mt in 2023. Meanwhile, the ASP for PK
Our edamame business demonstrated exceptional
increased by 40.1% YoY to USD 501/mt, and the ASP for PKO
performance throughout 2024, with revenue reaching USD 4.2
rose by 46.7% YoY to USD 1,077/mt.
million, a significant increase of 124.1% from USD 1.9 million
in 2023. This growth was driven by a 331.4% increase in frozen
edamame sales volume to 1,569 mt and a 32.1% increase in
fresh edamame sales YoY. Additionally, our sago segment
contributed USD 1.2 million to our total revenue in 2024, a
34.8% increase from USD 0.9 million in the previous year,
primarily due to an increase in sales volume from 1,585 mt to
2,253 mt in 2024.
Conversely, our renewable energy segment generated USD
419.0 thousand in 2024, lower than the USD 576.2 thousand
achieved in 2023 due to several maintenance activities in 2024
and reduced availability of input material, specifically Palm
Oil Mill Effluent (POME), which was affected by the lower FFB
production at the Belitung Island plantation.
Page 3
INVESTOR NEWSLETTER | 14 MARCH 2025
Operating (Expenses) Income and Financial Charges The Company’s total assets decreased to USD 573.2 million as
The Company recorded an operating expense (net of operating at December 31, 2024 from USD 580.7 million as at December
income) of USD 17.1 million, an increase of 26.9% from USD 31, 2023. Current assets increased by 13.1% to USD 62.2
13.5 million in 2023. This increase was primarily attributed to million as at December 31, 2024 from USD 55.0 million as at
the increase in tax penalties of USD 3.6 million in 2024 and December 31, 2023, mainly due to the increase in cash and
a foreign exchange loss of USD 917.8 thousand, compared cash equivalents, investments in equity securities, as well as
to a gain of USD 175.7 thousand in 2023 as a result of the biological assets. Meanwhile, non-current assets decreased
depreciation of the Rupiah against the US Dollar. Meanwhile, by 2.8% to USD 511.0 million from USD 525.7 million as at
our financial charges, which represent interest expenses on December 31, 2023.
our loans, slightly increased by 1.7% to USD 10.0 million in
2024, compared to interest expenses of USD 9.9 million in Total liabilities decreased by 3.9% from USD 188.7 million at
2023. the end of 2023 to USD 181.3 million, driven by the reduction
in both short-term and long-term bank loans. The Company
Net Profit was able to maintain its prudent debt-to-equity and debt-to-
The Company recognized a net profit of USD 9.2 million in asset ratios of 0.46 and 0.32, respectively as at December 31,
2024, a strong increase of 106.7%% from a net profit of USD 2024.
4.4 million in 2023. This improvement was primarily driven by
higher ASPs for palm oil products and lower fertilizer costs Financing Facilities
at our mature plantations, offset by lower CPO and PK sales As of December 31, 2024, the Company and its subsidiaries
volume. Additionally, there was a decrease in sago starch collectively maintained bank loan facilities amounting to the
processing costs from USD 3.1 million to USD 2.1 million in equivalent of USD 205.1 million, comprising short-term loan
2024. Consequently, our net profit margin (NPM) ratio rose by facilities of USD 72.1 million and long-term loan facilities of
107.3% from 1.87% in 2023 to 3.87% in 2024. USD 133.0 million.
The Company booked an EBITDA of USD 59.2 million in 2024, The outstanding balance of the Company’s bank loans by the
an increase of 7.0% from USD 49.1 million in 2023. As a result, end of December 2024 was USD 145.6 million, a decrease of
our EBITDA margin also improved from 20.7% in 2023 to USD 5.6 million from the USD 151.2 million as at the end of
25.0% in 2024. December 2023, mainly due to the repayment of short-term
bank loans of USD 9.3 million and a foreign exchange gain on
Total Comprehensive Income our loans of USD 2.9 million, offset by additional long-term
In 2024, the Company recorded a negative comprehensive bank loans of USD 6.6 in 2024.
income of USD 35.1 thousand, compared to a comprehensive
income of USD 9.0 million in 2023. This was influenced
by the exchange rate of the Rupiah against the US Dollar, OTHER CORPORATE UPDATES
which depreciated the net assets of some of the Company’s
subsidiaries which maintain their bookkeeping records in
Rupiah, when their financial statements are translated from The Company has maintained its full commitment to
Rupiah to US Dollar. its sustainability programs and disclosure across all
its operations and was pleased to receive the following
Our Assets and Liabilities Position prestigious recognitions:
Table 3: Consolidated Statements of Financial Position The Company has maintained its full commitment to
December 31, 2024 December 31, 2023 (1)
its sustainability programs and disclosure across all
USD Rp. USD Rp. Change its operations and was pleased to receive the following
Thousands Millions(2) Thousands Millions(2) prestigious recognitions:
Current
62,159 1,004,613 54,978 847,545 13.1%
assets 1. ASRRAT Awards 2024
Non-current The Company was awarded a Gold Rating in the Asia
511,045 8,259,514 525,697 8,104,141 (2.8%)
assets Sustainability Reporting Rating (ASRRAT) Awards
Total Assets 573,204 9,264,127 580,675 8,951,686 (1.3%)
2024, organized by the National Centre for Corporate
Current
liabilities
49,396 798,339 52,762 813,374 (6.4%) Reporting (NCCR). This award reflects the Company’s
Non-current strong commitment to sustainable business practices,
131,915 2,132,009 135,985 2,096,343 (3.0%) transparency and accountability through high-quality
liabilities
Total sustainability reporting that adheres to globally
181,311 2,930,348 188,747 2,909,717 (3.9%)
Liabilities recognized standards.
Equity
attributable 2. PROPER 2024
to the
owners
391,041 6,320,000 390,499 6,019,933 0.1% The Ministry of Environment of the Republic of
of the Indonesia awarded a Gold Rating to four of the
Company Company’s subsidiaries in the PROPER Awards 2024.
Total Equity 391,893 6,333,780 391,928 6,041,969 (0.0%) PT Sahabat Mewah dan Makmur (SMM) received the
Gold PROPER for the fifth consecutive year and PT
1) Restated due to the changes in presentation of shell sales and sales of RSPO Austindo Nusantara Jaya Agri (ANJA) received the Gold
certificates, and due to error in applying equity method of accounting and amortization
of the fair value adjustments in step acquisition. PROPER for the fourth consecutive year. Meanwhile,
2) The translation of US Dollar amounts into the Indonesian Rupiah amounts are PT Austindo Nusantara Jaya Agri Siais (ANJAS) and
included solely for the convenience of the readers and has been made using the PT Kayung Agro Lestari (KAL) secured their first Gold
Bank Indonesia middle rate as of December 31, 2024 of Rp 16,162 to USD 1 and as of
December 31, 2023 of Rp 15,416 to USD 1.
PROPER. Additionally, our CEO, Lucas Kurniawan, was
Page 4
INVESTOR NEWSLETTER | 14 MARCH 2025
honored with the “Green Leadership Utama” award Key Performance (Quarterly)
for the second time, recognizing his outstanding role
Graph 1: CPO Sales Volume and Average Selling Price Each Quarter
in leading, formulating, and maintaining sustainability
commitments within our business.
The Company was also recognized by the following global 90 .0 1, 000
74.777.0 77.577.7 76.1
organizations for our Environmental, Social and Governance 71.4
923
80 .0
95 0
65.266.3 63.960.8
(ESG) performances in 2024: 60.158.1 59.862.8
70 .0
90 0
60 .0
56.655.9 85 0
50 .0
821
1. SPOTT
80 0
40 .0
776 757 781
759
The Sustainability Policy Transparency Toolkit (SPOTT)
75 0
741
731
30 .0
awarded us a score of 92.8% for its transparency regarding
70 0
20 .0
organizational, policy, and practice issues related to ESG.
65 0
10 .0
We ranked in the first place among Indonesia assessed
- 60 0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
companies and in the 5th rank of companies assessed 2023 2024
globally.
CPO Production ('000 mt) CPO Sales Volume ('000 mt) CPO Average Selling Price (USD/mt)
2. CDP
The Carbon Disclosure Project (CDP) evaluated various
ESG aspects of the Company, focusing on key areas Graph 2: Net Profit and EBITDA Growth
such as Climate Change, Water Security, and Forest 70 ,00 0 45 .0%
Protection. The Company achieved an A rating for Forest 59,245
Protection in the 2024 assessment, an improvement from
60 ,00 0
35 .0%
49,128
the previous A- rating. Meanwhile, the Climate Change 50 ,00 0
39,374
and Water Security aspects received B ratings. 36,781 23.4% 25.0%
25 .0%
20.7%
40 ,00 0
20.7% 19.1%
17.3%
3. S&P Global ESG Scores 30 ,00 0
12.9% 15.6%
15 .0%
The S&P Global ESG Scores assessed the Company’s ESG 17,995
20,689
performance and its efforts in managing ESG-related
20 ,00 0
3.9%
5. 0%
1.1% 1.9% 1.7%
risks, opportunities, and material impacts. In our first 10 ,00 0
6,597
4,431
8,485 9,159
-3.2% 1,977 -3.2% 2,805
assessment in 2024, we achieved a score of 65 out of 100, -6.4% -6.5% -5.0%
placing us in the first rank among Food Products sector
-
(3,165) (3,513)
(3,282) (3,729)
companies in Indonesia and 20th out of 391 companies (10,0 00) -15.0 %
3M 6M 9M 12M 3M 6M 9M 12M
assessed globally.
2023* 2024
4. ACGS Net Profit (thousand USD) EBITDA (thousand USD)
Net Profit Margin (%) EBITDA Margin (%)
The ASEAN Corporate Governance Scorecard (ACGS)
evaluated the Company’s governance performance *) Restated due to the changes in presentation of shell sales and sales of RSPO
based on principles established by the Organization certificates, and due to error in applying equity method of accounting and amortization
of the fair value adjustments in step acquisition.
for Economic Cooperation and Development (OECD). In
the 2024 assessment, the Company achieved a score of
95.56, attaining a level 4 out of 5, with a rating of Very
Good. This result indicates that the Company has met
high standards of good corporate governance.
Disclaimer: This document has been prepared by PT Austindo Nusantara Jaya Tbk. (“ANJ” or the “Company”) for informational purposes only. Certain statements herein may constitute
“forward-looking statements”, including statements regarding the Company’s expectations and projections for future operating performance and business prospects. Such forward-looking
statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future.
Such forward-looking statements speak only as of the date on which they are made. Accordingly, the Company expressly disclaims any obligation to update or revise any forward-looking
statements contained herein to reflect any change in the Company’s expectations with regard to new information, future events or other circumstances. The Company does not make any
representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved and such forward-looking statements represent, in each case, only
one of many possible scenarios and should not be viewed as the most likely or standard scenario. By reviewing this document, you acknowledge that you will be solely responsible for your
own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential
future performance of the business of the Company
Names mentioned 13 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Dr. Ide Anak Agung Gde Agung
p.1
unresolved
org
Ministry of Environment
p.3
unresolved
org
PT Sahabat Mewah
p.3
unresolved
org
PT Austindo Nusantara Jaya Agri Siais
p.3
unresolved
org
PT Kayung Agro Lestari
p.3
unresolved
org
Bank Indonesia
p.3
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