SIPEF — Interim / Quarterly Report 2020

Apr 23, 2020

Group production - (in tonnes)

March 2020

	2020			2019					YoY Variation
Fresh fruit bunches produced	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	68 301	0	0	0	68 301	68 659	0	0	0	68 659	-0,52%	-0,52%
Umbul Mas Wisesa Group	44 038	0	0	0	44 038	48 282	0	0	0	48 282	-8,79%	-8,79%
Agro Muko Group	85 147	0	0	0	85 147	74 717	0	0	0	74 717	13,96%	13,96%
South Sumatra Group	16 580	0	0	0	16 580	13 160	0	0	0	13 160	25,99%	25,99%
Hargy Oil Palms	66 584	0	0	0	66 584	76 041	0	0	0	76 041	-12,44%	-12,44%
Total own	280 650	0	0	0	280 650	280 858	0	0	0	280 858	-0,07%	-0,07%
Outgrowers
Tolan Tiga Group	210	0	0	0	210	0	0	0	0	0	-	-
Umbul Mas Wisesa Group	155	0	0	0	155	132	0	0	0	132	17,73%	17,73%
Agro Muko Group	3 968	0	0	0	3 968	3 328	0	0	0	3 328	19,25%	19,25%
South Sumatra Group	1 583	0	0	0	1 583	931	0	0	0	931	70,01%	70,01%
Hargy Oil Palms	59 419	0	0	0	59 419	48 242	0	0	0	48 242	23,17%	23,17%
Total outgrowers	65 335	0	0	0	65 335	52 632	0	0	0	52 632	24,13%	24,13%
Total FFB produced	345 985	0	0	0	345 985	333 490	0	0	0	333 490	3,75%	3,75%
Fresh fruit bunches sold	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group	0	0	0	0	0	0	0	0	0	0	-	-
Umbul Mas Wisesa Group	10 020	0	0	0	10 020	9 024	0	0	0	9 024	11,04%	11,04%
Agro Muko Group	485	0	0	0	485	694	0	0	0	694	-30,11%	-30,11%
South Sumatra Group	0	0	0	0	0	0	0	0	0	0	-	-
Total FFB sold	10 505	0	0	0	10 505	9 718	0	0	0	9 718	8,10%	8,10%
Fresh fruit bunches processed	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group	68 511	0	0	0	68 511	68 659	0	0	0	68 659	-0,21%	-0,21%
Umbul Mas Wisesa Group	34 172	0	0	0	34 172	39 389	0	0	0	39 389	-13,24%	-13,24%
Agro Muko Group	88 630	0	0	0	88 630	77 350	0	0	0	77 350	14,58%	14,58%
South Sumatra Group	18 163	0	0	0	18 163	14 091	0	0	0	14 091	28,90%	28,90%
Hargy Oil Palms	126 003	0	0	0	126 003	124 283	0	0	0	124 283	1,38%	1,38%
Total FFB processed	335 480	0	0	0	335 480	323 771	0	0	0	323 771	3,62%	3,62%
PO extraction rate	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Tolan Tiga Group	22,6%	0,0%	0,0%	0,0%	22,6%	22,4%	0,0%	0,0%	0,0%	22,4%	0,88%	0,88%
Umbul Mas Wisesa Group	23,5%	0,0%	0,0%	0,0%	23,5%	24,2%	0,0%	0,0%	0,0%	24,2%	-3,21%	-3,21%
Agro Muko Group	23,8%	0,0%	0,0%	0,0%	23,8%	23,8%	0,0%	0,0%	0,0%	23,8%	0,11%	0,11%
South Sumatra Group	22,5%	0,0%	0,0%	0,0%	22,5%	19,8%	0,0%	0,0%	0,0%	19,8%	13,41%	13,41%
Hargy Oil Palms	23,7%	0,0%	0,0%	0,0%	23,7%	22,2%	0,0%	0,0%	0,0%	22,2%	6,78%	6,78%
Total PO extraction rate	23,4%	0,0%	0,0%	0,0%	23,4%	22,8%	0,0%	0,0%	0,0%	22,8%	2,85%	2,85%
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	15 467	0	0	0	15 467	15 413	0	0	0	15 413	0,35%	0,35%
Umbul Mas Wisesa Group	7 985	0	0	0	7 985	9 519	0	0	0	9 519	-16,12%	-16,12%
Agro Muko Group	20 148	0	0	0	20 148	17 642	0	0	0	17 642	14,20%	14,20%
South Sumatra Group	3 734	0	0	0	3 734	2 687	0	0	0	2 687	38,95%	38,95%
Hargy Oil Palms	15 809	0	0	0	15 809	16 949	0	0	0	16 949	-6,73%	-6,73%
Total own	63 142	0	0	0	63 142	62 210	0	0	0	62 210	1,50%	1,50%
Outgrowers
Tolan Tiga Group	49	0	0	0	49	0	0	0	0	0	-	-
Umbul Mas Wisesa Group	36	0	0	0	36	32	0	0	0	32	11,12%	11,12%
Agro Muko Group	927	0	0	0	927	730	0	0	0	730	27,00%	27,00%
South Sumatra Group	348	0	0	0	348	105	0	0	0	105	231,13%	231,13%
Hargy Oil Palms	14 032	0	0	0	14 032	10 615	0	0	0	10 615	32,19%	32,19%
Total outgrowers	15 391	0	0	0	15 391	11 482	0	0	0	11 482	34,04%	34,04%
Total Palm Oil	78 533	0	0	0	78 533	73 692	0	0	0	73 692	6,57%	6,57%

Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	3 795	0	0	0	3 795	3 855	0	0	0	3 855	-1,56%	-1,56%
Umbul Mas Wisesa Group	1 373	0	0	0	1 373	1 444	0	0	0	1 444	-4,93%	-4,93%
Agro Muko Group	3 817	0	0	0	3 817	3 561	0	0	0	3 561	7,19%	7,19%
South Sumatra Group	651	0	0	0	651	543	0	0	0	543	19,86%	19,86%
Total own	9 636	0	0	0	9 636	9 403	0	0	0	9 403	2,47%	2,47%
Outgrowers
Tolan Tiga Group	10	0	0	0	10	0	0	0	0	0	-	-
Umbul Mas Wisesa Group	6	0	0	0	6	4	0	0	0	4	48,36%	48,36%
Agro Muko Group	171	0	0	0	171	145	0	0	0	145	17,76%	17,76%
South Sumatra Group	59	0	0	0	59	21	0	0	0	21	179,18%	179,18%
Total outgrowers	246	0	0	0	246	170	0	0	0	170	44,44%	44,44%
Total Palm Kernels	9 881	0	0	0	9 881	9 573	0	0	0	9 573	3,22%	3,22%
Palm Kernel Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Hargy Oil Palms Own	1 302	0	0	0	1 302	1 526	0	0	0	1 526	-14,68%	-14,68%
Hargy Oil Palms Outgrowers	1 158	0	0	0	1 158	986	0	0	0	986	17,44%	17,44%
Total Palm Kernel Oil	2 460	0	0	0	2 460	2 512	0	0	0	2 512	-2,07%	-2,07%
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	173	0	0	0	173	259	0	0	0	259	-33,20%	-33,20%
Melania	746	0	0	0	746	963	0	0	0	963	-22,53%	-22,53%
Agro Muko	498	0	0	0	498	600	0	0	0	600	-17,00%	-17,00%
Total own	1 417	0	0	0	1 417	1 822	0	0	0	1 822	-22,23%	-22,23%
Outgrowers
Tolan Tiga Group	204	0	0	0	204	227	0	0	0	227	-10,13%	-10,13%
Total Rubber	1 621	0	0	0	1 621	2 049	0	0	0	2 049	-20,89%	-20,89%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Melania	810	0	0	0	810	738	0	0	0	738	9,76%	9,76%
Total Tea	810	0	0	0	810	738	0	0	0	738	9,76%	9,76%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Azaguie 1	1 751	0	0	0	1 751	1 440	0	0	0	1 440	21,62%	21,62%
Azaguie 2	2 216	0	0	0	2 216	2 497	0	0	0	2 497	-11,25%	-11,25%
Agboville	2 785	0	0	0	2 785	2 349	0	0	0	2 349	18,58%	18,58%
Motobe	2 266	0	0	0	2 266	2 466	0	0	0	2 466	-8,09%	-8,09%
Total Bananas	9 019	0	0	0	9 019	8 752	0	0	0	8 752	3,05%	3,05%

Commodity Price Data March 2020

Average market prices
		YTD	YTD	YTD
Product		Q1/2020	Q1/2019	Q4/2019
CPO (CIF Rotterdam)*	in \$/mt	731	540	566
CPKO (CIF Rotterdam)*	in \$/mt	827	712	668
RSS3 (FOB Singapore)**	in \$/mt	1 598	1 656	1 640
Tea (avg auct Mombasa)**	in \$/mt	2 131	2 187	2 226
Bananas (CFR Europe)***	in €/mt	702	686	662

* Oil World price data

** World bank commodity price data - updated database

*** CIRAD price data (in EUR)

Bananas CFR Europe in €/mt