Salim Ivomas Pratama

Stock Quote Salim Ivomas Pratama - SIMP:

Business Summary

Salim Ivomas Pratama has two business divisions:

• Plantations Division; engages in the commercial cultivation of oil palm plantations. Most of the revenue is generated through the sale of crude palm oil (CPO), fresh fruit bunches (FFB) and palm kernel. Other commodities that are cultivated include sugar and rubber.

• Edible Oils & Fats Division; engages in the manufacture and sale of palm oil-based cooking oil, margarine and shortening for the domestic and overseas markets.

The company owns large planted areas in Sumatra (Riau, North and South Sumatra), Kalimantan (West and East Kalimantan), Sulawesi and Java.

In June 2011, the company conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Through this corporate action it raised IDR 3.3 trillion.

Salim Ivomas Pratama owns a 59.5 percent stake in Perusahaan Perkebunan London Sumatra Indonesia (Lonsum).

Salim Ivomas Pratama's Operational Highlights:

	2011	2012	2013	2014	2015	2016
Oil Palm (Planted Area) in hectares	216,837	230,919	239,921	246,055	246,359	247,430
Rubber (Planted Area) in hectares	22,185	21,802	21,759	21,697	21,338	20,115
Sugar Cane (Planted Area) in hectares	12,255	12,333	11,645	13,062	13,358	13,249
Fresh Fruit Bunches in thousand tons	2,797	2,973	2,895	3,259	3,414	2,981
Crude Palm Oil in thousand tons	838	880	810	956	1,002	833
Palm Kernel in thousand tons	195	207	187	218	235	201
Rubber in thousand tons	17	17	16	16	16	13
Sugar in thousand tons	20	62	76	73	67	66

^{Source: Salim Ivomas Pratama, Annual Report 2016}

Salim Ivomas Pratama's Financial Highlights:

	2010	2011	2012	2013	2014	2015	2016
Net Sales	9,484.3	12,605.3	13,844.9	13,279.8	14,962.7	13,835.4	14,530.9
Gross Profit	3,545.5	4,341.8	3,894.3	2,906.2	4,035.2	3,100.5	3,449.9
Operating Profit	2,239.5	3,136.5	2,446.9	1,730.2	2,480.0	1,631.9	2,050.3
EBITDA	3,142.5	3,945.5	3,210.4	2,346.8	3,362.9	2,511.0	3,327.3
Net Income	971.0	1,666.6	1,156.9	493.5	865.8	264.5	538.3
Total Assets	21,063.7	25,510.3	26,574.4	28,065.0	30,996.1	31,967.1	32,537.6
Total Liabilities	11,324.6	10,339.2	10,482.4	12,367.0	14,583.9	14,465.7	14,919.3
Basic Earnings per Share¹	77	115	73	31	56	17	35

^{in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Salim Ivomas Pratama, Annual Report 2016}

Projection Salim Ivomas Pratama's Future Corporate Earnings:

	2018	2019	2020F	2021F	2022F
Net Revenue	14,059.0	13,059.0	13,259.0	14,408.0	14,961.0
Net Profit	(77.0)	(546.0)	45.0	155.0	170.0
EBITDA	2,233.0	1,943.0	2,595.0	2,809	2,938.0
P/E Ratio (x)
P/BV (x)

^{in billion IDR, unless otherwise stated
Source: Sinarmas Sekuritas (14.05.2020)}