Presentation TitlePT Triputra Agro Persada Tbk
The information that follows is a presentation of certain information about PT Triputra Agro Persada Tbk (the “Company”) prepared by the Company.
The information contained herein (including, among others, the market data, industry data and other industry statistics included in this presentation derived from public or third party
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will be, as the case may be, subject to both known and unknown risks, uncertainties and factors relating to the operations and business environments of the Company that may cause the
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Disclaimer
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2
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Anchored by strong founders from two well-established Indonesian families, which have diversified
business interests and have excellent track record in collaborations
• Never give up and play to win
• Disciplined execution,
Mission: Green Plantation For Better Quality of Life
• Walk the talk
what you want to do
• Speak by data
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agribusiness, manufacturing, mining and trading & services
• Led by Rachmat family under Theodore Permadi Rachmat, who is
also the Founder
Persada Capital Investama
interests in wood processing, rubber and coal
• Led by Subianto family under Arini Saraswaty Subianto
PT Triputra Agro Persada Tbk. (“TAP”) was established in
2005 and currently has planted area of oil palm 158,805
Ha (including plasma)(1)(2) and rubber 1,424 Ha.
Operates palm oil plantations and palm oil mills in Central
Kalimantan, East Kalimantan and Jambi. The Company
also has rubber plantation located in Jambi.
Owns 16 palm oil mills with total mill capacity of 905 tons
per hour(1)(2).
Jambi 13,776 Ha Central Kalimantan 89,606 Ha East Kalimantan 56,847 Ha
Area of Operation (1)(2)
Figures next to province indicate total planted area (including rubber)
Significant growth upside from young plantations alongside
best-in-class operational metrics.
efficient operations.
6Note: (1) As of June 2021. (2) Including associate company.
Overview
6.7%
Average Age
11.5 Years
energy and plantation industry
USINDO, RUMI
Danny Rachmat
investment and plantation industry
plantation and crumb rubber industry
Arini Saraswaty Subianto
and plantation industry
plantation and crumb rubber industry
Active in KADIN, APINDO, PISAgro,
TNC, GK Indonesia Foundation, YPO
Board of Commissioners
Board of Directors
Stanley Setia Atmadja
institution and property industry
Republik Indonesia
education and plantation industry
and plantation industry
institution, property, investment and
and plantation industry
financial institution and plantation
financial institution and plantation
Board of Commissioners and Directors
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rubber plantation, 11 palm oil
mills and 1 RSS mill(1)
5 Palm oil plantation locations
and 5 palm oil mills(1)
Subianto Family
Company’s Group Structure
2. Business Overview
• TAP’s main business activities include palm oil plantation and mills through subsidiaries and association companies with products such as Fresh Fruit
Bunches (FFB), Palm Kernel (PK), and Crude Palm Oil (CPO), and rubber plantation with products such as Slabs, and Ribbed Smoke Sheets (RSS).
• TAP engages in nucleus and plasma partnership program with local farmers who reside within TAP and subsidiaries’ plantation area.
• In 2007, TAP established an associate company with PT Union Sampoerna, named PT Union Sampoerna Triputra Persada which operates in the
province of Central Kalimantan engaging in the palm oil plantation and mills industry through its subsidiaries.
• TAP utilizes modern technology in its operational activities to increase efficiency. The utilized technology can divided into 3 parts:
• Precision Farming
• Intelligent Mill
• Lean Enterprise
Shipping
Shipping Receiving Processing
Storage and Shipping
CPO Production Stages
Rubber Production Stages
Improvement in Productivity and Cost Effectiveness
Optimizing Production Results
1
3
4
5
2
12
14
798 846 841
CPO Production (Ton 000)(1)
FFB Processed (Ton 000)(1)
KER (%)
OER (%)
Operational Performance
Excellent performance create sustainable growth led to stronger financial result
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804 853
Gross Profit (IDR bn)
ROE
NPAT
Margin (%)
GP
Margin (%)
Long-Term Syndicated Loan 3,064
Current Syndicated Loan 633
Total Syndicated Loan 3,697
Less: Unamortized Costs (9)
Dividend Policy
Company plans to pay c. 30% of current year net income
post mandatory reserve, starting from FY2021
Cash and Cash Equivalents 1,250
Marketable Securities 3
Trade Receivables 113
Retained Earnings 2,057
Total Liabilities & Equity 12,208
5. Key Investment Highlights
Unique Opportunity to Invest in a Sizeable and Scarce Indonesian Plantation Company with
Best-in-Class Operational Metrics
Favorable Location Enables Higher Efficiency and Lower Cash Cost
Technology as a Cornerstone of Operational Excellence
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8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0
Unique Opportunity to Invest in a Sizeable and Scarce Indonesian Plantation Company with Best-in-Class
Operational Metrics 1
Average: 17.1 Ton/Ha
TAP represents one of the youngest age profile with high yield achievement
45
38
80
85
86
124
121
137
182
195
212
425
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13
11
13
17
10
12
11
12
16
16
16
8 9 10 11 12 13 14 15 16 17 18
Average Age (Years)
FFB Yield (Ton/Ha)
Average: 13 years
Source: The respective companies’ public filings for peer companies' data 2020.
Note: (1) As of 2020, including associate company. (2) 2019 data is presented.
London Sumatra
Sampoerna Agro
Transportation and Infrastructure
into two clusters :
Kalimantan, comprises eight estates(1).
estates(1).
built to ensure that every part of the plantations is
easily accessible at all times.
• Located along the Trans-Borneo highway and in
proximity to refineries / customers.
Iskandar and H. Asan airports.
• Rainfall levels of c.2,500mm a year with at least
4 – 5 hours of sunshine daily.
• High mineral content soil
planting, maintenance and harvesting costs
Climate
A
B
organized into three main clusters :
• Two clusters ( and ), in the inland
area comprise eight estates.
Labanan and Rantaubahan ports, making it
ideal for exports to Malaysia and other
countries.
estates at the far east side. This has direct
access to the nearby port.
• Majority of the estates are accessible by a network
of “all weather” roads.
the Trans-Borneo highway.
• Rainfall level of c. 2,100mm a year with at least
4 – 5 hours of sunshine daily.
• High mineral content soil
reducing upkeep, harvesting and internal transport
costs.
Climate
C
21Note: The map does not display two plantation estates, each located in Paser and Kutai Barat Regencies.
Favorable Location Enables Higher Efficiency and Lower Cash Cost (Cont’d)2
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TAP Sustainability Journey (Mission, Objective & Our Baseline)
TAP aims to be one of the best palm oil company in sustainability globally
Our Objective
Our Baseline
Our Mission
Coexistence Plantation & Forest
Commitment to Sustainability and Community-Friendly Practice3
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ISPO and RSPO as the foundation of sustainability certification
2014 –
2015
2016 –
2017
2018 –
Commitment to Sustainability and Community-Friendly Practice (Cont’d)3
Note: (1) Renewal. (2) For estates with mills currently, excluding associate company.
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Sustainability Framework
TAP sustainability is built on 3 Ps (People, Planet, Prosperity) platform
Biodiversity
Preservation
Climate
Change
Mitigation
Commitment
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NDPE
NO Deforestation Perform no land clearing activities that result in deforestation
Conserve the HCV-HCS Area.
NO Peat Perform no land clearing activities in peat area
Protect and manage peat land through Best Practices Management
NO Exploitation Respect for Human Rights
Recognizes and upholds the rights of community and workers
Provides opportunities with equal rights to work without
restrictions and
Commitment to Sustainability and Community-Friendly Practice (Cont’d)3
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Personnel
Readiness
Local Communities, Local
Note: (1) As of 2020
(1)
Employees and Family Cares
Family and children of our employees are at the heart of TAP
HousingPolyclinic
Church
Mosque
Note: (1) As of 2020
(1)
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574 km Road in 54 villages
53 unit Worship places
Clean water facilities in
Note: (1) As of 2020
(1)
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DEVELOPMENT
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HORIZON I (2012 – 2019)
INCREASE YIELD &
Implement industry based 4.0 to support Good Agricultural Practices
in order to achieve the plantation industry with global technology and
support a SUSTAINABLE Palm Oil Business
SUSTAINABILITY
HORIZON II (2020 – Beyond)
4 Technology As A Cornerstone of Operational Excellence (Cont’d)
Infinet
BIGS
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4 Technology As A Cornerstone of Operational Excellence (Cont’d)
ROBUST
CONTROL
business policies measurement,
towards designated goals
sensors, data collected from machines,
and drone images to apply the right inputs
at the right place in estates, mills and
sustainability management
biotechnology advances to protect
yield, deforestation, peatland clearance
capture
Analytical needs
operation
Row, Tree
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4 Technology As A Cornerstone of Operational Excellence (Cont’d)
PROCESSPEOPLETECHNOLOGY
LEGENDS: Remote Sensing Aerial Mapping Computer Vision Machine Learning Mobile Apps Internet of ThingsArtificial IntelligenceERP
DATA
WAREHOUSE
INFRASTRUCTURE
right people, at the right time
MILL AUTOMATION
AUTOMATIC WEIGHBRIDGE
for automatic weighing
production

processes
proximity to estates
Note: (1) Including associate company.
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