Source file signed link, expires in 15 minutes
Extracted text 12
Page 1
Fostering Hearty Generations Public Expose PT Central Proteina Prima Tbk 21 June 2024
Page 2
Disclaimer
• THESE MATERIALS HAVE BEEN PREPARED BY PT CENTRAL PROTEINA PRIMA TBK (THE “COMPANY”) AND MAY CONTAIN STATEMENTS THAT
CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS INCLUDE DESCRIPTIONS REGARDING THE INTENT, BELIEF OR CURRENT
EXPECTATIONS OF THE COMPANY OR ITS OFFICERS WITH RESPECT TO THE CONSOLIDATED RESULTS OF OPERATIONS AND FINANCIAL CONDITION
OF THE COMPANY. THESE STATEMENTS CAN BE RECOGNIZED BY THE USE OF WORDS SUCH AS “EXPECTS,” “PLAN,” “WILL,” “ESTIMATES,”
“PROJECTS,” “INTENDS,” OR WORDS OF SIMILAR MEANING. SUCH FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE
PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, AND ACTUAL RESULTS MAY DIFFER FROM THOSE IN THE FORWARD-LOOKING
STATEMENTS AS A RESULT OF VARIOUS FACTORS AND ASSUMPTIONS. THE COMPANY HAS NO OBLIGATION AND DOES NOT UNDERTAKE TO
REVISE THESE MATERIALS TO ENSURE ACCURACY, COMPLETENESS AND TO REFLECT FUTURE EVENTS OR CIRCUMSTANCES.
• THESE MATERIALS ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE OR FORM PART OF AN OFFER, SOLICITATION OR
INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES OF THE COMPANY, IN ANY JURISDICTION, NOR SHOULD IT OR ANY PART
OF IT FORM THE BASIS OF, OR BE RELIED UPON IN ANY CONNECTION WITH, ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION
WHATSOEVER. ANY DECISION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES OF THE COMPANY SHOULD BE MADE AFTER SEEKING
APPROPRIATE PROFESSIONAL ADVICE.
PROPERTY OF CP PRIMA
Page 3
Topics
1 Company Profile of PT Central Proteina Prima Tbk
2 Financials
3 Outlook
4 Discussion Q&A
PROPERTY OF CP PRIMA
Page 4
Company Profile of PT Central Proteina Prima Tbk
Integrated Business
Fry, feed, probiotic and seafood-based food products
Global Player
Rp9.0 trillion Sales in 2023, 10% from export sales, 83%
from feed sales
Feed Products
Shrimp feed, fish feed and pet food
Food Products
Over 80 variants of food products specially
catered for export and domestic markets
Certified Seafood
Indonesia’s #1 certification for ASC (2015)
Experience
40+ years of aquaculture operations
Expertise
300 aquaculture professionals in the archipelago
Excellence
Leading aqua feed market shares nationwide,
supported by more than 1600 feed agents located
throughout Indonesia
PROPERTY OF CP PRIMA
Page 5
Fish Feed, Shrimp Feed, Pet Food, Food and Fry Products
Pakan Ikan | Fish Feed Produk Makanan | Food Products Makanan Hewan Kesayangan | Pet Food
- Cat Food - - Dog Food -
- Fish Food - - Bird Food -
Produk Probiotik | Probiotic Products Benur | Shrimp Fry Pakan Udang | Shrimp Feed
PROPERTY OF CP PRIMA
Page 6
Business Model
PROPERTY OF CP PRIMA
Page 7
Operation Locations
PROPERTY OF CP PRIMA
Page 8
EBITDA approaching Rp1 Trillion, Net Income increase in 2023
2021 • Net sales in 2023 increased by 9.5% to Rp9,027.3 billion
2023 2022 compared to 2022, due to higher sales of feed, seafood-
(restated)
in Rp billion
based food products and shrimp fry.
• Feed sales increased due to higher sales in pet food,
Sales 9,027 8,242 8,028 shrimp feed and fish feed segments.
• Sales of seafood food products increased mainly due to
higher sales of products for domestic markets.
Gross Profit 1,687 1,645 1,495 • Sales of fries increased driven by strong interest from
farmers to cultivate under favorable weather conditions.
Gross Margin 18.7% 20.0% 18.6% • Profit for the year reached Rp401.8 billion, an increase of
7.4% compared to the previous year. This increase was
mainly driven by increase in gross profit, reduction in finance
EBITDA 963 984 949 costs (Tranche A long-term loan was paid off earlier than
2025 maturity date) and foreign exchange gains as Rupiah
strengthened against the US Dollar at the end of 2023
Profit for the year 402 374 2,209* compared to 2022.
(*) includes non-cash settlement from bond restructuring
PROPERTY OF CP PRIMA
CONFIDENTIAL PROPERTY OF CP PRIMA GROUP
Page 9
Stronger sales in Q1 2024 compared to Q1 2023
Q1 Q1 • Net sales in Q1 2024 increased by 7.1% compared to Q1
2024 2023 2023, due to increased sales of feed and shrimp fry.
in Rp billion • Increased feed sales was driven mainly by stronger
sales of pet food and fish feed.
Sales 2,289 2,138 • Higher sales of fries mainly driven by strong animo
from farmers to cultivate.
Gross Profit 420 384 • Gross profit increased in Q1 2024 compared to Q1 2023
due to higher sales and improved margin by product mix.
However, weakened IDR to USD exchange rate in Q1 2024
Gross Margin 18.4% 18.0% reduced profit for the year.
EBITDA 229 210
Profit for the year 99 115
PROPERTY OF CP PRIMA
CONFIDENTIAL PROPERTY OF CP PRIMA GROUP
Page 10
Business Outlook
• Full repayment of Tranche A in 2023 grants more cashflow flexibility to focus on capex to grow feed and food business,
especially in addressing capacity constraints and to penetrate new market segments. This also grants the Company the
ability and flexibility to store more raw material to anticipate fluctuation of raw material prices.
• The Company continues to develop fish broodstock to produce high quality fish fingerlings and maintain shrimp fry
performance and in order to boost revenue from food business.
• Nila Marine rolls out in stages in select markets starting in 2024.
• Continuous research and development to maintain top quality shrimp fry.
• In 2024, the Company projects revenue to grow by approximately 5% and Profit for the Year to increase by 15% from 2023.
Management will continue to monitor business developments, particularly trends in logistics costs, commodity price
fluctuations, and exchange rates.
PROPERTY OF CP PRIMA
Page 11
Discussion Q&A
PROPERTY OF CP PRIMA
Page 12
Focus on sustainable business activities by delivering impeccable nutrients to our customers
Names mentioned 1 people and organisations named in the text · linked when the evidence is strong
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.