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20241031_ANJT_Laporan Informasi dan Fakta Material_31751379_lamp3.pdf
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Page 1
31 OCTOBER 2024
Tabel 1: Production and Sales
9M2024 9M2023 Change Q3 2024 Q2 2024 Change
FFB Production (mt)
FFB from our estates 577,567 654,997 (11.8%) 206,915 197,425 4.8%
Belitung Island 137,094 185,698 (26.2%) 41,506 40,318 2.9%
North Sumatra I 105,263 97,912 7.5% 44,484 33,742 31.8%
Photo: Corporate Communications North Sumatra II 116,103 123,716 (6.2%) 40,615 40,347 0.7%
West Kalimantan 142,848 149,093 (4.2%) 56,499 48,773 15.8%
Southwest Papua 70,663 91,228 (22.5%) 21,434 32,528 (34.1%)
South Sumatra 5,596 7,350 (23.9%) 2,377 1,717 38.4%
9M2024 OPERATIONAL UPDATE FFB bought from third parties 361,424 380,133 (4.9%) 122,347 137,575 (11.1%)
Total FFB processed 933,395 1,027,780 (9.2%) 326,885 333,283 (1.9%)
FFB Yield (mt/ha)
Average yield 13.6 15.1 (9.5%) 4.9 4.6 6.1%
PT Austindo Nusantara Jaya Tbk (“ANJT” or “the Belitung Island 12.3 15.5 (20.7%) 3.7 3.5 5.5%
Company”) announced its operational performance North Sumatra I 16.7 14.7 14.1% 7.1 5.2 36.6%
and financial results for the nine-month period North Sumatra II 15.0 16.0 (6.0%) 5.2 5.2 0.8%
ended 30 September 2024 (“9M2024”). West Kalimantan 15.8 16.7 (5.5%) 6.2 5.4 15.8%
Southwest Papua 9.5 12.3 (22.5%) 2.9 4.4 (34.1%)
In 9M2024, the Company achieved production of South Sumatra 7.7 10.2 (23.8%) 3.3 2.4 38.4%
577,567 metric tons (mt) of Fresh Fruit Bunches (FFB) CPO Production (mt)
from our nucleus plantations. This figure represents Total production 185,641 212,221 (12.5%) 63,890 65,150 (1.9%)
an 11.8% decrease compared to the 654,997 mt Belitung Island 39,831 61,075 (34.8%) 11,840 11,924 (0.7%)
produced during the same period last year, reflecting North Sumatra I 45,357 39,511 14.8% 16,799 15,993 5.0%
the challenges faced during the year. As a result North Sumatra II 36,436 39,201 (7.1%) 13,007 12,782 1.8%
of this lower FFB output, the Company’s FFB yield West Kalimantan 47,102 49,579 (5.0%) 17,302 16,541 4.6%
per mature hectarage decreased from 15.1 mt per Southwest Papua 16,915 22,855 (26.0%) 4,942 7,910 (37.5%)
hectare (ha) in 9M2023 to 13.6 mt per ha in 9M2024. Palm Kernel production 36,428 38,929 (6.4%) 12,722 12,252 3.8%
Despite this year-to-date decline, the Company PKO production 915 1,084 (15.6%) 321 444 (27.7%)
experienced an improvement in FFB production on a Sales (mt)
quarter-to-quarter basis (Q-o-Q), producing 206,915 CPO Sales 182,944 212,816 (14.0%) 60,763 66,325 (8.4%)
mt of FFB in the third quarter of 2024 (Q3 2024), PK Sales 36,760 39,186 (6.2%) 13,273 12,351 7.5%
which represents a 4.8% increase from 197,425 mt in PKO Sales 650 1,049 (38.1%) - - N/A
the preceding quarter. Productivity
Extraction Rate - CPO (Mixed) 19.9% 20.7% (3.6%) 19.5% 19.5% 0.0%
Our North Sumatra I estate recorded a 7.5% increase CPO Average Selling Price - USD 787 741 6.2% 821 781 5.2%
in FFB production despite the ongoing replanting PK Average Selling Price - USD 463 364 27.1% 538 455 18.2%
program, reaching 105,263 mt in 9M2024 compared PKO Average Selling Price - USD 749 741 1.1% - - N/A
to 97,912 mt in 9M2023. This estate showed an
COMPANY PROFILE SHARE INFORMATION SHAREHOLDERS STRUCTURE CONTACT US
PT Austindo Nusantara Jaya Tbk # shares 3,354.2 mn (as of 30 September 2024) % PT Austindo Nusantara Jaya Tbk.
(“ANJT”) is an Indonesian agribusiness # free float 3,354.2 mn 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 710 Public 8.83 E: investor.relations@anj-group.com
edamame. www.anj-group.com
Page 2
INVESTOR NEWSLETTER | 31 OCTOBER 2024
impressive quarterly performance as its FFB production
increased by 31.8% Q-o-Q in Q3 2024. Additionally, our West
FINANCIAL HIGHLIGHTS
Kalimantan estate produced 56,499 mt of FFB in Q3 2024, a
15.8% increase from the 48,773 mt achieved in Q2 2024. This Our Financial Performance Results
has narrowed the production volume variance for the nine-
Table 2: Consolidated Statements of Comprehensive Income
month period from 149,093 mt in 9M2023 to 142,848 mt in
9M2024. 9M2024 9M2023 (1)
USD Rp. USD Rp. Change
In Q3 2024, our Belitung Island estate also recorded a Thousands Millions (1) Thousands Millions (1)
positive quarterly performance, with FFB production volume
increasing by 2.9% to 41,506 mt from 40,318 mt in the Revenue 168,417 2,672,943 177,518 2,684,244 (5.1%)
preceding quarter. Similarly, our developing plantation in
South Sumatra produced 2,377 mt of FFB in Q3 2024, a rise Cost of revenue (141,882) (2,251,817) (154,068) (2,329,662) (7.9%)
of 38.4% from 1,717 mt in Q2 2024. These increases are an Gross profit 26,534 421,126 23,450 354,583 13.2%
encouraging improvement considering that these estates Total operating
(10,292) (163,347) (9,236) (139,658) 11.4%
recorded negative growth in the previous two quarters. We expenses , net
anticipate further increases in production in the last quarter Operating profit 16,242 257,779 14,214 214,924 14.3%
of 2024. Finance income 286 4,535 211 3,187 35.6%
Finance charges (7,727) (122,639) (7,431) (112,366) 4.0%
Our North Sumatra II estate contributed a total FFB production Profit before tax 8,801 139,675 6,993 105,745 25.8%
Income tax
of 40,615 mt in Q3 2024, a slight uptick from the 40,347 mt in (7,759) (123,149) (6,913) (104,531) 12.2%
expense
Q2 2024. However, total FFB production from this estate fell
Profit for the
by 6.2% to 116,103 mt in 9M2024 compared to 123,716 mt in period
1,041 16,525 80 1,213 1,197.5%
9M2023 due to frequent high rainfall and floods disrupting the Other
transportation of FFB to the mill. In addition, our Southwest comprehensive 2,832 44,944 2,923 44,204 (3.1%)
Papua estate which also struggled with high rainfall and plant income
diseases, produced a total FFB of 70,663 mt in 9M2024, 22.5% Total
below the 9M2023 figure. comprehensive 3,873 61,470 3,004 45,417 28.9%
income
In 9M2024, we processed 933,395 mt of FFB in our mills EBITDA 39,374 624,901 36,781 556,166 7.0%
EBITDA margin
to produce 185,641 mt of Crude Palm Oil (CPO), a drop of 23.4% 23.4% 20.7% 20.7% 12.3%
(%)
12.5% compared to the 9M2023 production. The combined oil
extraction rate (OER) for our own FFB and externally sourced 1) Restated due to the changes in presentation of shell sales and sales of RSPO certificates
FFB was 19.9% in the 9M2024, 3.6% lower than the 20.7% in from other income to revenue.
the same period of 2023. Our Palm Kernel (PK) production 2) The translation of US Dollar amounts into the Indonesian Rupiah amounts are included
dipped 6.4% to 36,428 mt in 9M2024 compared to 38,929 mt solely for the convenience .of the readers and has been made using the average of the
in 9M2023. We also recorded a lower Palm Kernel Oil (PKO) exchange rates of Rp 15,871 to USD 1 for 9M2024 and Rp 15,121 to USD 1 for 9M2023.
production of 915 mt in 9M2024 compared to the 1,084 mt in
the same period last year. Revenue from Sales and Service Concessions
The Company reported consolidated revenue of USD 168.4
The Company reported a decrease in CPO sales volume of million in 9M2024, marking a 5.1% decline compared to 9M2023,
14.0% to 182,944 mt in 9M2024 compared to 212,816 mt in mainly driven by the lower revenue generated from the palm oil
9M2023, aligned with the lower CPO production volume. segment. In 9M2024, 97.3% of our consolidated revenue was
In addition, our sales volume from PK and PKO in 9M2024 derived from the sales of palm oil products, while the remaining
dropped by 6.2% and 38.1%, respectively. Despite the lower 2.7% was contributed by service concession revenue and sales
sales volume, the Company recorded a higher average selling of edamame and sago starch. However, on a Q-o-Q basis, our
price (ASP) for CPO of USD 787/mt in 9M2024, an increase of total revenue slightly increased by 1.2% to USD 60.1 million in
6.2% from the USD 741/mt achieved in the same period last Q3 2024 from USD 59.4 million in the preceding quarter. This
year. Meanwhile, the ASP for PK increased by 27.1% year- improvement was mainly attributed to the higher ASPs for palm
over-year (Y-o-Y) to USD 463/mt in 9M2024 and the ASP for oil products in Q3 2024.
PKO slightly increased by 1.1% Y-o-Y to USD 749/mt.
Our edamame business posted an exceptional performance in
9M2024, with sales revenue reaching USD 3.3 million, a jump of
137.3% from USD 1.4 million in 9M2023, driven by the increase
in sales volume and higher ASPs for edamame products.
Additionally, our sago segment contributed USD 920.7 thousand
to our total revenue in 9M2024, an increase of 47.6% from the
USD 623.9 thousand in 9M2023 mainly due to the increase in
sales volume.
Conversely, our renewable energy segment generated USD
316.9 thousand in 9M2024, lower than the USD 436.0 thousand
achieved in 9M2023 due to maintenance activities in Q2 2024 and
reduced availability of input material, specifically Palm Oil Mill
Effluent (POME), which was affected by a lower FFB production
at the Belitung Island estate.
Page 3
INVESTOR NEWSLETTER | 31 OCTOBER 2024
Operating (Expenses) Income and Financial Charges Our Assets and Liabilities Position
The Company recorded an operating expense (net of operating
Table 3: Consolidated Statements of Financial Position
income) of USD 10.3 million, an increase of 11.4% from USD
9.2 million in 9M2023. This increase was primarily attributed 30 September 2024 31 December 2023
to the increase of USD 322.3 thousand in G&A expenses from USD Rp. USD Rp. Change
Thousands Millions(1) Thousands Millions(1)
USD 3.4 million in 9M2023 and a foreign exchange loss of USD
Current
130.1 thousand compared to a gain of USD 151.4 thousand in assets
64,446 975,579 54,978 847,545 17.2%
9M2023 as a result of the appreciation of the Rupiah against Non-current
the US Dollar. 562,476 8,514,754 559,094 8,618,993 0.6%
assets
Total Assets 626,921 9,490,333 614,072 9,466,538 2.1%
Our financial charges, which represent interest expenses on Current
58,272 882,120 52,762 813,374 10.4%
our loans, increased by 4.0% to USD 7.7 million in 9M2024 liabilities
from interest expenses of USD 7.4 million in 9M2023. This Non-current
139,451 2,111,002 135,985 2,096,343 2.5%
liabilities
increase was primarily due to higher outstanding bank loans
Total
in 9M2024 compared to the same period last year. Liabilities
197,722 2,993,122 188,747 2,909,717 4.8%
Equity
Net Profit attributable
The Company recognized a net profit of USD 1.0 million in to the
428,181 6,481,810 423,896 6,534,785 1.0%
9M2024, a notable improvement of 1,197.5% from a net profit owners
of USD 0.1 million in the same period last year, primarily of the
Company
driven by higher CPO prices and lower estate costs from road
maintenance and fertilizers at our mature plantations, offset Total Equity 429,199 6,497,211 425,326 6,556,821 0.9%
by a lower CPO, PK and CPKO sales volume. Consequently,
our net profit margin (NPM) ratio jumped by 1,267.6% Y-o-Y 1) The translation of US Dollar amounts into the Indonesian Rupiah amounts are
included solely for the convenience of the readers and has been made using the Bank
in 9M2024.
Indonesia middle rate as of 30 September 2024 of Rp 15,138 to USD 1 and as of 31
December 2023 of Rp 15,416 to USD 1.
On a Q-o-Q basis, we recorded a net profit of USD 5.7 million in
Q3 2024, a remarkable improvement from the net loss of USD The Company’s total assets increased to USD 626.9 million
0.9 million in Q2 2024, primarily due to a better production as at 30 September 2024 from USD 614.1 million as at 31
and sales performance in Q3 2024. December 2023. Current assets increased by 17.2% to USD
64.4 million as at 30 September 2024 from USD 55.0 million
The Company also booked an improved EBITDA of USD 18.7 as at 31 December 2023, mainly due to the increase in cash
million in Q3 2024, an increase of 53.1% from USD 12.2 million and cash equivalents as well as biological assets. Meanwhile,
in the previous quarter. This brought the EBITDA for 9M2024 non-current assets increased slightly by 0.6% to USD 562.5
to USD 39.4 million, an increase of 7.0% compared to EBITDA million from USD 559.1 million as at 31 December 2023.
of USD 36.8 million in the same period last year. Consequently,
our EBITDA margin also increased from 20.7% in 9M2023 to Total liabilities increased by 4.8% from USD 188.7 million at
23.4% in 9M2024. the end of 2023 to USD 197.7 million, driven by the increase in
long-term bank loans. The Company was still able to maintain
Total Comprehensive Income its prudent debt to equity and debt to asset ratios of 0.37 and
The strengthening of the Rupiah against the US Dollar from Rp 0.25, respectively as at 30 September 2024.
15,416 at the end of 2023 to Rp 15,138 by the end of September
2024 has depreciated the net assets of some of the Company’s Financing Facilities
subsidiaries (those which maintain their bookkeeping records As of 30 September 2024, the Company and its subsidiaries
in Rupiah) by USD 2.8 million when their financial statements collectively maintained bank loan facilities amounting to the
are translated from Rupiah to US Dollar, compared to a net equivalent of USD 212.0 million, comprising short-term loan
profit of USD 2.9 million in 9M2023. As a result, the Company facilities of USD 72.7 million and long-term loan facilities of USD
reported a positive comprehensive income of USD 3.9 million 139.3 million.
in 9M2024 compared to a comprehensive income of USD 3.0
million in 9M2023. The outstanding balance of the Company’s bank loans by the end
of September 2024 was USD 158.5 million, an increase of USD
7.3 million from the USD 151.2 million as at the end of December
2023, mainly due to additional long-term bank loans of USD 11.0
million, offset by the repayment of short-term bank loans of USD
4.9 million and a foreign exchange gain on our loans of USD 1.2
million in 9M2024.
Page 4
INVESTOR NEWSLETTER | 31 OCTOBER 2024
OTHER CORPORATE UPDATES Key Performance (Quarterly)
Graph 1: CPO Sales Volume and Average Selling Price Each Quarter
The Company has maintained its full commitment to its
sustainability programs and disclosure across all its operations
90 .0 1, 000
74.7 77.0 77.5 77.7 76.1
71.4
80 .0
and was pleased to receive the following prestigious recognitions:
95 0
65.2 66.3 63.9 60.8
60.1 58.1
70 .0
56.6 55.9
90 0
60 .0
85 0
50 .0
821
776 781
80 0
757
1. “1st rank in the Annual Report Awards (ARA) 2023“ 759
40 .0
741
75 0
731
for Public Listed Entities in Non-Financial Sector
30 .0
70 0
20 .0
Category held by the National Committee on Corporate
65 0
10 .0
Governance (Komite Nasional Kebijakan Governansi or
- 60 0
Q1 Q2 Q3 Q4 Q1 Q2 Q3
“KNKG”), the Indonesian Accountant Association (IAI), 2023 2024
the Indonesia Stock Exchange (IDX) and the Financial CPO Production ('000 mt) CPO Sales Volume ('000 mt) CPO Average Selling Price (USD/mt)
Services Authority (Otoritas Jasa Keuangan or “OJK”).
This award highlighted our position as a leader in good
corporate governance and our efforts to ensure the
creation of sustainable value in our business as well
as the integration of social and environmental aspects Graph 2: Net Profit and EBITDA Growth
across our operations. 60 ,00 0 37 .0%
49,128
32 .0%
2. “The Steward Leadership 25 (SL25)”, organized by
50 ,00 0
39,374 27 .0%
Stewardship Asia Centre, INSEAD Hoffman Global 36,781 23.4%
20.7% 20.8%
40 ,00 0
Institute for Business and Society, WTW and The
22 .0%
19.1%
17.3%
15.6%
Straits Times, honors 25 showcase projects that have
17 .0%
30 ,00 0
13.0%
significantly contributed to protecting and enhancing 20,689
12 .0%
20 ,00 0
17,995
the environment or society across Asia and the Pacific.
7. 0%
8,485
The recognition was awarded to our savings cooperative 6,597 0.0% 0.8% 0.6%
2. 0%
10 ,00 0
project in Southwest Papua, which has built a self- -4.3% 80 1,902
-7.7% -4.3% 1,041 -3.0%
-7.7%
reliant community by providing access to financial
-
-8.0%
(3,914) (3,752) (4,689)
(4,993)
services in remote areas of South Sorong and Maybrat, (10,0 00) -13.0 %
3M 6M 9M 12M 3M 6M 9M
Southwest Papua.
2023 2024
Net Profit (thousand USD) EBITDA (thousand USD) Net Profit Margin (%) EBITDA Margin (%)
3. “Sustainability Awards 2024”, organized by Reuters,
nominated our PENDAKI (Peduli Keanekaragaman
Hayati – Care for Biodiversity) program as a finalist in
the Biodiversity Champion Award category. This award
assess companies globally and recognizes us as one of
leading companies that is putting the planet and nature
at the heart of our business strategy.
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 9 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
Indonesia Stock Exchange
p.4
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