SIPEF

Earnings Release • Feb 15, 2024

Group production - (in tonnes)

December 2023

			2023					2022			YoY Variation
Fresh fruit bunches produced	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own	55 355	66 095	86 787	74 584	282 821	62 011	82 723	89 823	69 368	303 925	7,52%	-6,94%
Tolan Tiga Group		46 726	66 028	42 045	186 328	47 252	62 756	64 468	45 963	220 439	-8,52%	-15,47%
Umbul Mas Wisesa Group	31 529 67 421	92 546	113 508	88 901	362 376	75 100	97 620	105 809	82 567	361 096	7,67%	0,35%
Agro Muko Group	39 585	52 474	67 718	58 388	218 165	31 274	36 018	43 111	44 210	154 613	32,07%	41,10%
South Sumatra Group	104 459	94 264	79 875	88 742	367 340	93 239	104 840	102 782	102 558	403 419	-13,47%	-8,94%
Hargy Oil Palms	298 349	352 104	413 917	352 661	1 417 031	308 876	383 956	405 994	344 667	1 443 493	2,32%	-1,83%
Total own
Outgrowers	1 325	1 909	4 589	2 481	10 304	3 339	3 764	2 361	1 753	11 217	41,54%	-8,14%
Tolan Tiga Group		169	292	214	812	168	419	337	207	1 131	3,39%	-28,24%
Umbul Mas Wisesa Group	137 3 369	4 693	5 146	4 148	17 356	3 887	4 613	5 223	3 939	17 662	5,29%	-1,74%
Agro Muko Group	6 335	8 001	9 396	8 645	32 377	5 118	5 715	6 238	6 952	24 023	24,34%	34,77%
South Sumatra Group	64 667	59 381	45 307	63 059	232 414	55 239	62 292	65 735	71 090	254 356	-11,30%	-8,63%
Hargy Oil Palms	75 834	74 152	64 730	78 545	293 261	67 752	76 804	79 894	83 941	308 390	-6,43%	-4,91%
Total outgrowers	374 183	426 256	478 647	431 206	1 710 292	376 628	460 760	485 887	428 608	1 751 883	0,61%	-2,37%
Total FFB produced
Fresh fruit bunches per country	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Total Indonesia	205 057	272 612	353 464	279 405	1110 538	228 150	293 628	317 370	254 959	1094 107	9,59%	1,50%
Total PNG	169 126	153 645	125 182	151 801	599 754	148 478	167 132	168 517	173 649	657 776	-12,58%	-8,82%
Total FFB produced	374 183	426 256	478 647	431 206	1 710 292	376 628	460 760	485 887	428 608	1 751 883	0,61%	-2,37%
Fresh fruit bunches sold	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Tolan Tiga Group	0	312	1 946	373	2 631	2 154	2 321	109	23	4 608	1507,76%	-42,90%
Umbul Mas Wisesa Group	5 170	8 817	11 669	8 811	34 467	9 973	11 567	11 034	7 859	40 433	12,11%	-14,75%
Agro Muko Group	1 587	1 434	1 368	1 101	5 490	1 163	1 349	1 328	1 085	4 924	1,48%	11,49%
South Sumatra Group	0	0	0	0	0	8 497	7 789	0	0	16 286	-	-100,00%
Total FFB sold	6 757	10 563	14 984	10 284	42 588	21 787	23 025	12 471	8 966	66 250	14,70%	-35,72%
Fresh fruit bunches processed	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Tolan Tiga Group	56 680	67 692	89 430	76 692	290 494	63 196	84 166	92 075	71 097	310 534	7,87%	-6,45%
Umbul Mas Wisesa Group	26 496	38 078	54 651	33 448	152 673	37 446	51 609	53 771	38 311	181 137	-12,69%	-15,71%
Agro Muko Group	69 203	95 805	117 286	91 948	374 242	77 825	100 884	109 704	85 422	373 834	7,64%	0,11%
South Sumatra Group	45 920	60 474	77 114	67 033	250 542	27 895	33 944	49 349	51 163	162 351	31,02%	54,32%
Hargy Oil Palms	169 126	153 645	125 182	151 801	599 754	148 478	167 132	168 517	173 649	657 776	-12,58%	-8,82%
Total FFB processed	367 426	415 693	463 663	420 922	1 667 704	354 841	437 734	473 416	419 641	1 685 632	0,31%	-1,06%
PO extraction rate	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Tolan Tiga Group	22,6%	22,9%	22,8%	22,3%	22,7%	22,6%	22,9%	22,8%	23,6%	22,7%	-5,22%	-0,21%
Umbul Mas Wisesa Group	23,0%	23,3%	22,8%	22,5%	22,9%	23,7%	23,7%	23,2%	23,1%	23,4%	-2,48%	-2,15%
Agro Muko Group	22,7%	23,1%	23,1%	23,1%	23,0%	23,2%	23,4%	23,2%	22,9%	23,2%	0,92%	-0,61%
South Sumatra Group	23,1%	22,4%	23,0%	23,3%	22,9%	23,1%	22,9%	23,6%	23,2%	23,2%	0,55%	-1,34%
Hargy Oil Palms	25,1% 23,9%	24,5% 23,5%	23,9% 23,2%	24,3% 23,4%	24,5% 23,5%	25,3% 24,0%	25,4% 24,1%	24,9% 23,8%	25,7% 24,2%	25,3% 24,0%	-5,55% -3,51%	-3,41% -2,11%
Total PO extraction rate
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group**	12 479	15 105	19 811	16 649	64 044	13 988	18 926	20 497	16 352	68 975	1,82%	-7,15%
Umbul Mas Wisesa Group	6 075	8 844	12 416	7 497	34 832	8 828	12 196	12 435	8 813	42 272	-14,93%	-17,60%
Agro Muko Group	14 996	21 195	25 949	20 350	82 490	17 199	22 734	24 440	18 702	83 075	8,81%	-0,70%
South Sumatra Group	9 157	11 784	15 618	13 644	50 202	5 277	6 511	10 225	10 276	32 289	32,77%	55,48%
Hargy Oil Palms	26 290	22 955	19 214	21 601	90 060	23 736	26 769	25 662	26 312	102 479	-17,90%	-12,12%
Total own	68 996	79 883	93 008	79 742	321 629	69 027	87 136	93 259	80 456	329 090	-0,89%	-2,27%
Outgrowers
Tolan Tiga Group	304	377	618	474	1 773	274	340	522	396	1 532	19,70%	15,73%
Umbul Mas Wisesa Group	27	31	54	40	152	35	35	39	39	148	2,56%	2,70%
Agro Muko Group	729	979	1 103	884	3 695	846	871	979	846	3 542	4,49%	4,32%
South Sumatra Group	1 429	1 751	2 113	1 970	7 263	1 156	1 277	1 444	1 576	5 453	25,00%	33,19%
Hargy Oil Palms	16 154	14 660	10 663	15 226	56 703	13 889	15 756	16 225	18 292	64 162	-16,76%	-11,63%
Total outgrowers	18 643	17 799	14 551	18 594	69 586	16 199	18 280	19 210	21 149	74 837	-12,08%	-7,02%
Total Palm Oil	87 639	97 682	107 559	98 335	391 215	85 226	105 416	112 469	101 605	403 927	-3,22%	-3,15%

Palm oil per country	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Total Indonesia	45 195	60 067	77 681	61 508	244 451	47 602	62 891	70 581	57 000	237 286	7,91%	3,02%
Total PNG	42 444	37 615	29 877	36 827	146 763	37 624	42 525	41 887	44 604	166 641	-17,44%	-11,93%
Total CPO produced	87 639	97 682	107 559	98 335	391 215	85 226	105 416	112 469	101 605	403 927	-3,22%	-3,15%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group**	3 048	3 630	4 916	4 318	15 912	3 271	4 551	4 900	3 965	16 686	8,91%	-4,64%
Umbul Mas Wisesa Group	1 016	1 449	2 260	1 663	6 388	1 480	2 097	2 238	1 617	7 432	2,84%	-14,05%
Agro Muko Group	2 650	4 084	4 981	4 077	15 792	3 256	3 854	4 431	3 661	15 202	11,36%	3,88%
South Sumatra Group	1 594	1 998	2 650	2 245	8 487	751	888	1 651	1 669	4 959	34,52%	71,16%
Total own	8 308	11 161	14 808	12 302	46 579	8 758	11 390	13 219	10 911	44 278	12,75%	5,20%
Outgrowers
Tolan Tiga Group	65	79	130	111	385	55	67	103	87	312	27,13%	23,27%
Umbul Mas Wisesa Group	4	5	10	9	28	6	6	6	7	25	28,57%	12,00%
Agro Muko Group	137	203	227	188	755	167	195	208	179	748	5,04%	0,88%
South Sumatra Group	240	287	346	313	1 186	156	165	225	247	792	26,77%	49,69%
Total outgrowers	446	573	714	620	2 353	384	433	541	520	1 877	19,38%	25,35%
Total Palm Kernels	8 755	11 734	15 522	12 922	48 932	9 142	11 823	13 760	11 430	46 156	13,05%	6,02%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Hargy Oil Palms Own	2 279	1 980	1 597	1 834	7 690	1 869	2 068	2 100	2 148	8 185	-14,59%	-6,05%
Hargy Oil Palms Outgrowers	1 343	1 218	900	1 261	4 722	1 125	1 228	1 332	1 490	5 176	-15,34%	-8,77%
Total Palm Kernel Oil	3 623	3 197	2 496	3 096	12 412	2 994	3 297	3 433	3 638	13 361	-14,89%	-7,10%
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	79	37	28	7	151	87	58	126	116	387	-93,97%	-60,98%
Agro Muko	218	181	150	127	676	234	214	310	223	981	-43,05%	-31,09%
Total own	297	217	179	134	827	321	272	436	339	1 368	-60,47%	-39,55%
Outgrowers
Tolan Tiga Group	125	16	0	0	141	159	64	158	174	555	-100,00%	-74,59%
Total Rubber	422	233	179	134	968	480	336	594	513	1 923	-73,88%	-49,66%
	Q1	Q2	Q3	Q4			Q2	Q3	Q4	YTD	Q4
Bananas					YTD	Q1						YTD
Azaguie*	3 493	2 612	2 647	2 950	11 702	2 739	3 597	3 676	2 821	12 832	4,56%	-8,81%
Agboville*	2 082	1 881	1 898	2 142	8 003	2 464	2 079	2 394	2 446	9 384	-12,44%	-14,71%
Motobé*	2 003	1 958	1 347	1 116	6 424	2 313	2 549	1 680	1 001	7 543	11,46%	-14,83%
Lumen	2 605	2 432	3 619	4 020	12 676	0	35	755	1 721	2 511	133,56%	404,82%
Akoudje	0	164	746	1 261	2 171	0	0	0	0	0	-	-
Total Bananas	10 183	9 047	10 257	11 489	40 976	7 515	8 261	8 505	7 990	32 270	43,79%	26,98%

* Comparative figures include Bamako productions in Q1/Q2 2022 and have been restated.

** Comparative figures in Q3/2022 have been restated.

Commodity Price Data

December 2023