PP London Sumatra Indonesia

Stock Quote PP London Sumatra Indonesia - LSIP:

Business Summary

Palm products accounted for around 85 percent of the company's sales volume in 2013. Rubber's share towards sales volume is roughly 8 percent. Between 85 and 90 percent of total production is sold on the domestic market, the remainder exported. As of 1 January 2014, Lonsum has a total of 89,845 hectares of oil palm plantations across its nucleus estates. It operates a total of 11 palm oil mills: four in North Sumatra, six in South Sumatra and one in East Kalimantan. Total annual processing capacity of these mills is 2,295,000 tons of fresh fruit bunches (FFB).

Lonsum’s rubber is produced in the estates on North Sumatra, South Sumatra and South Sulawesi. By the end of 2013, the company’s nucleus rubber plantation area covered 17,300 hectares, of which 28 percent is still immature. Lonsum operates four rubber factories (including four crumb rubber production lines that have a processing capacity of 42,720 tons per annum) and three sheet rubber production lines (with a processing capacity of 11,100 tons per annum).

PP London Sumatra Indonesia also owns cocoa plantations in East Java, North Sulawesi and North Sumatra, as well as tea plantations in West Java.

Visit our Palm Oil in Indonesia section to read more about Indonesia's palm oil industry.

Operational Highlights PP London Sumatra Indonesia:

Production	2010	2011	2012	2013	2014	2015	2016
Crude Palm Oil	365.7	442.9	448.3	396.5	443.1	475.7	384.5
FFB¹ Nucleus	1,170.4	1,291.3	1,314.8	1,250.4	1,341.2	1,396.6	1,222.5
Processed FFB	1,585.4	1,923.3	1,989.0	1,730.0	1,908.2	2,073.8	1,711.9
Palm Kernel	90.7	105.4	103.4	97.7	109.2	123.4	103.2
Oil Palm Seed²	20.7	26.4	27.4	24.1	13.8	15.3	11.8
Rubber	18.5	13.9	13.1	12.7	13.2	11.7	10.8

^{in thousand tons, except stated otherwise
¹ Fresh Fruit Bunches
² million seeds
Source: PP London Sumatra Indonesia, Annual Report 2016}

Financial Highlights PP London Sumatra Indonesia:

	2010	2011	2012	2013	2014	2015	2016
Net Sales	3,592.7	4,686.5	4,211.6	4,133.7	4,726.5	4,189.6	3,847.9
Gross Profit	1,771.4	2,362.3	1,681.1	1,253.5	1,536.4	1,115.8	1,110.8
Net Income	1,033.3	1,701.6	1,116.2	769.5	929.4	623.3	592.8
EBITDA	1,564.6	2,245.0	1,553.3	1,258.0	1,437.3	1,116.3	1,135.4
Operating Income	1,360.6	2,005.5	1,324.0	1,025.6	1,257.5	835.9	810.8
Total Assets	5,561.4	6,791.8	7,552.0	7,974.9	8,713.1	8,848.8	9,459.1
Total Liabilities	1,007.3	952.4	1,272.1	1,645.9	1,710.3	1,510.8	1,813.1
Earnings per share¹	151	249	164	113	136	91	87

^{in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: PP London Sumatra Indonesia, Annual Report 2016}

Future Forecast Financial Highlights PP London Sumatra Indonesia:

	2018	2019	2020F	2021F	2022F
Net Sales	4,020.0	3,699.0	3,758.0	3,945.0	4,131.0
EBITDA	738.0	566.0	2,288.0	826.0	887.0
Net Income	331.0	254.0	391.0	450.0	508.0
P/E Ratio (x)	14.5	18.9	12.3	10.7	9.5
P/B Ratio (x)	0.6	0.6	0.6	0.5	0.5

^{in billion IDR rupiah, except stated otherwise
Source: Sinarmas Sekuritas (13/05/2020)}