Investor Presentaiton
Segmental Trends: PT Japfa Tbk (Poultry)
Revenue (IDR Billion)
Operating Profit (IDR Billion)
&
JAPFA
Operating Profit Margin (%)
68,555
62,126
7,619
3,221
6,505
3,598
3,521
242
239
48,543
47,123
3,233
25.0%
22,424
895
195
1,112
5,568
5,037
20,361
264
1,722
13,902
15,625
6,819
14.0%
6,895
13.6%
16.3%
6,414
5,313
12.4%
2,799
2,867
2,614
7.1%
7.2%
28,366
31,693
8.2%
1,900
8.1%
22,659
21,148
5.0%
6.7%
5.7%
(44)
3.1%
3.9%
3.7%
2
FY2019
FY2020
FY2021
FY2022
(52)
(342)
(93)
(744)
-0.4%
-0.8%
-0.6%
-1.7%
-3.3%
FY2019 2 FY2020
FY2019 2
FY2020
FY2021
FY2021
FY2022
■Feed ■Breeding Commercial farms Poultry processing 1 Feed
■Commercial farms
■Breeding
■Poultry processing¹
Feed business continues to be a stable pillar of profitability in PT Japfa Tbk
Feed
Commercial farms
-Poultry processing"
■ The poultry business (feed, breeding and commercial farms) represents the bulk of PT Japfa Tbk's revenue
FY2022
Breeding
PT Japfa Tbk
■ Despite challenges over the last 3 "Covid” years, the Operating Profit remains steady above IDR 3,000 Billion despite
weak results from commercial farming over the last few years. With our vertically integrated operations, we can capture
value at different points of the poultry supply chain
■ We are generally able to pass on raw material costs increases in our feed selling prices, as reflected in our feed operating
margins, even during the periods of Rupiah volatility and the poultry market downturn. Since 2021, margins were impacted
by higher raw materials prices and transportation costs globally
■
Operating profit in FY2020 decreased due to the low DOC and broiler price environment and Covid-19 related disruptions
■ In 2021, we recorded higher revenue on the back of higher sales volumes. Although margins have tightened, profitability
has improved on the back of strong growth in volumes
■In 2022, feed margin showed signs of recovery which partially cushioned the impact of a high-cost environment
1.
Notes: The revenue figures for the poultry operational units shown above include inter-segment sales.
Poultry Processing refers to Poultry Processing and Consumer Products
12
2.
Prior periods' figures 2019 have been restated to conform with the presentation in the audited consolidated financial statements as of and for the year ended 31 December 2020View entire presentation