SIPEF

Business and Financial Review • Feb 17, 2022

Group production - (in tonnes)

December 2021

			2021					2020			YoY Variation
Fresh fruit bunches produced	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	66 639	78 341	85 509	66 740	297 229	68 301	71 723	89 484	69 249	298 757	-3,62%	-0,51%
Umbul Mas Wisesa Group	53 244	57 090	64 402	49 693	224 429	44 038	52 346	65 546	45 054	206 984	10,30%	8,43%
Agro Muko Group	95 628	104 672	109 339	87 142	396 782	85 147	96 387	91 513	89 498	362 545	-2,63%	9,44%
South Sumatra Group	23 352	24 656	24 857	27 703	100 568	16 580	14 823	19 173	31 990	82 567	-13,40%	21,80%
Hargy Oil Palms	90 303	92 505	87 217	96 824	366 849	66 584	65 825	59 463	77 744	269 616	24,54%	36,06%
Total own	329 167	357 264	371 324	328 103	1 385 858	280 650	301 105	325 179	313 535	1 220 469	4,65%	13,55%
Outgrowers
Tolan Tiga Group	1 199	1 463	2 320	1 981	6 963	210	465	797	936	2 408	111,69%	189,18%
Umbul Mas Wisesa Group	159	243	306	44	752	155	389	601	780	1 925	-94,31%	-60,91%
Agro Muko Group	4 427	4 892	4 882	4 076	18 277	3 968	4 248	4 019	4 151	16 386	-1,81%	11,54%
South Sumatra Group	2 666	3 334	4 058	4 797	14 855	1 583	1 525	2 512	2 313	7 933	107,39%	87,26%
Hargy Oil Palms	58 191	61 709	52 753	59 481	232 134	59 419	58 039	45 516	46 817	209 791	27,05%	10,65%
Total outgrowers	66 642	71 640	64 319	70 380	272 982	65 335	64 666	53 445	54 997	238 443	27,97%	14,49%
Total FFB produced	395 809	428 905	435 643	398 483	1 658 840	345 985	365 770	378 625	368 532	1 458 912	8,13%	13,70%
Fresh fruit bunches sold	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Tolan Tiga Group	318	473	826	615	2 231	0	0	2	0	2		- 111450,00%
Umbul Mas Wisesa Group	9 941	9 960	11 101	10 530	41 532	10 020	10 602	12 076	9 397	42 095	12,05%	-1,34%
Agro Muko Group	917	688	1 510	1 514	4 628	485	469	158	763	1 875	98,27%	146,75%
South Sumatra Group	584	1 373	1 794	2 975	6 726	0	872	0	8 124	8 996	-63,38%	-25,24%
Total FFB sold	11 760	12 494	15 230	15 633	55 116	10 505	11 943	12 236	18 284	52 969	-14,50%	4,05%
	Q1	Q2	Q3	Q4			Q2	Q3	Q4	YTD	Q4
Fresh fruit bunches processed	67 520	79 332	87 003	68 107	YTD 301 961	Q1 68 511	72 188	90 279	70 186	301 164	-2,96%	YTD 0,26%
Tolan Tiga Group Umbul Mas Wisesa Group	43 462	47 372	53 607	39 208	183 649	34 172	42 134	54 071	36 437	166 814	7,61%	10,09%
Agro Muko Group	99 139	108 877	112 712	89 704	410 431	88 630	100 166	95 374	92 886	377 056	-3,42%	8,85%
South Sumatra Group	25 434	26 617	27 121	29 526	108 698	18 163	15 476	21 685	26 179	81 504	12,78%	33,36%
Hargy Oil Palms	148 494	154 214	139 970	156 305	598 983	126 003	123 864	104 979	124 561	479 407	25,49%	24,94%
Total FFB processed	384 050	416 411	420 413	382 850	1 603 723	335 480	353 827	366 389	350 249	1 405 944	9,31%	14,07%
PO extraction rate	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Tolan Tiga Group	22,5%	22,9%	22,6%	23,0%	22,7%	22,6%	22,6%	22,4%	22,5%	22,5%	2,31%	0,89%
Umbul Mas Wisesa Group	23,7%	23,7%	23,1%	22,6%	23,3%	23,5%	22,9%	23,0%	23,1%	23,1%	-2,04%	0,84%
Agro Muko Group	23,2%	23,3%	22,9%	23,3%	23,1%	23,8%	23,5%	22,8%	22,5%	23,1%	3,58%	0,07%
South Sumatra Group	21,4%	22,6%	22,4%	23,8%	22,6%	22,5%	21,8%	20,1%	21,8%	21,5%	8,84%	4,90%
Hargy Oil Palms	25,4%	25,5%	25,8%	25,6%	25,6%	23,7%	25,0%	24,6%	25,2%	24,6%	1,50%	3,81%
Total PO extraction rate	23,9%	24,0%	23,8%	24,2%	24,0%	23,4%	23,7%	23,1%	23,5%	23,4%	2,89%	2,28%
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	15 004	17 907	19 289	15 351	67 550	15 467	16 187	20 086	15 570	67 310	-1,41%	0,36%
Umbul Mas Wisesa Group	10 301	11 188	12 383	8 861	42 733	7 985	9 608	12 428	8 392	38 413	5,59%	11,25%
Agro Muko Group	21 968	24 256	24 699	19 972	90 895	20 148	22 482	20 910	20 005	83 545	-0,16%	8,80%
South Sumatra Group	4 904	5 269	5 202	5 956	21 331	3 734	3 030	3 888	5 120	15 772	16,33%	35,25%
Hargy Oil Palms	23 045	23 692	22 567	24 927	94 231	15 809	16 444	14 699	19 480	66 432	27,96%	41,85%
Total own	75 222	82 312	84 139	75 067	316 740	63 142	67 752	72 011	68 567	271 472	9,48%	16,68%
Outgrowers
Tolan Tiga Group	199	230	348	317	1 094	49	109	179	212	549	49,72%	99,27%
Umbul Mas Wisesa Group	15	23	15	7	59	36	40	35	21	132	-67,62%	-55,00%
Agro Muko Group	984	1 081	1 099	939	4 103	927	1 013	831	900	3 671	4,33%	11,77%
South Sumatra Group	549	734	861	1 065	3 209	348	341	480	600	1 769	77,57%	81,42%
Hargy Oil Palms	14 664	15 639	13 555	15 114	58 972	14 032	14 579	11 123	11 957	51 691	26,40%	14,09%
Total outgrowers	16 411	17 707	15 877	17 443	67 438	15 391	16 083	12 648	13 690	57 812	27,41%	16,65%
Total Palm Oil	91 632	100 019	100 017	92 510	384 178	78 533	83 835	84 659	82 257	329 284	12,46%	16,67%

Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	3 665	4 118	4 689	3 663	16 135	3 795	3 697	4 918	3 845	16 255	-4,73%	-0,74%
Umbul Mas Wisesa Group	1 754	1 917	2 153	1 588	7 412	1 373	1 596	2 309	1 476	6 754	7,59%	9,74%
Agro Muko Group	4 342	4 640	4 711	3 827	17 520	3 817	4 741	4 481	3 997	17 036	-4,25%	2,84%
South Sumatra Group	902	757	710	1 009	3 378	651	544	720	907	2 822	11,25%	19,70%
Total own	10 663	11 433	12 262	10 087	44 445	9 636	10 578	12 428	10 225	42 867	-1,35%	3,68%
Outgrowers
Tolan Tiga Group	41	45	74	65	225	10	23	37	43	113	51,16%	99,12%
Umbul Mas Wisesa Group	3	3	3	1	10	6	7	6	3	22	-70,59%	-54,30%
Agro Muko Group	193	207	204	173	777	171	218	153	178	720	-2,81%	7,92%
South Sumatra Group	98	101	111	176	486	59	63	82	102	306	72,55%	58,82%
Total outgrowers	335	356	392	415	1 498	246	311	278	326	1 161	27,14%	29,00%
Total Palm Kernels	10 998	11 788	12 655	10 502	45 943	9 881	10 890	12 706	10 551	44 028	-0,47%	4,35%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Hargy Oil Palms Own	1 809	1 935	1 742	1 952	7 437	1 302	1 387	1 103	1 502	5 294	29,90%	40,47%
Hargy Oil Palms Outgrowers	1 188	1 318	1 082	1 226	4 814	1 158	1 129	880	935	4 102	31,07%	17,35%
Total Palm Kernel Oil	2 997	3 253	2 823	3 177	12 251	2 460	2 516	1 983	2 438	9 397	30,35%	30,38%
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	187	98	173	141	599	173	97	337	311	918	-54,72%	-34,78%
Melania*	908	278	0	0	1 186	746	837	508	604	2 695	-100,00%	-55,99%
Agro Muko	399	366	340	292	1 397	498	436	325	427	1 686	-31,68%	-17,16%
Total own	1 495	741	513	433	3 182	1 417	1 370	1 170	1 343	5 300	-67,75%	-39,96%
Outgrowers
Tolan Tiga Group	152	67	219	207	645	204	55	192	260	711	-20,38%	-9,28%
Total Rubber	1 647	808	732	640	3 827	1 621	1 425	1 362	1 603	6 011	-60,07%	-36,33%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Melania - Own*	647	182	0	0	829	810	668	500	686	2 664	-100,00%	-68,88%
Melania - Outgrowers*	91	45	0	0	136	0	0	19	79	98	-100,00%	38,78%
Total Tea	738	227	0	0	965	810	668	519	765	2 762	-100,00%	-65,06%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Azaguie 1	1 637	1 081	1 257	1 625	5 600	1 751	919	1 278	1 204	5 152	34,97%	8,70%
Azaguie 2	1 971	1 945	1 687	1 909	7 512	2 216	2 111	2 126	1 994	8 447	-4,26%	-11,07%
Agboville	2 971	1 984	2 180	2 372	9 507	2 785	1 767	1 956	2 480	8 988	-4,35%	5,77%
Motobe	2 870	2 194	2 279	2 238	9 581	2 266	2 354	2 276	1 675	8 571	33,61%	11,78%
Total Bananas	9 449	7 204	7 403	8 144	32 200	9 019	7 150	7 636	7 353	31 158	10,76%	3,34%

* PT Melania rubber and tea productions have only been included for 4 months due to sale of PT Melania per 30/04.

Commodity Price Data

December 2021

Average market prices
Product		YTD Q4/2021	YTD Q4/2020	YTD Q4/2020
CPO (CIF Rotterdam)*	in \$/mt	1 195	715	715
CPKO (CIF Rotterdam)*	in \$/mt	1 517	826	826
RSS3 (FOB Singapore)**	in \$/mt	2 071	1 728	1 728
Tea (avg auct Mombasa)**	in \$/mt	2 112	2 004	2 004
Bananas (CFR Europe)***	in €/mt	616	628	628

* Oil World price data

** World bank commodity price data - updated database

*** CIRAD price data (in EUR)

Bananas CFR Europe in €/mt