Astra Agro Lestari
PT Astra Agro Lestari Tbk, plantation unit of diversified conglomerate Astra International, is Indonesia's biggest agribusiness company by value. Astra Agro is engaged in palm oil and rubber plantations as well as industrial activities. Astra Agro and its subsidiaries’ mills have effective production capacities of 1,050 tons of fresh fruit bunches (FFB) per hour, 920 tons of kernel per day, and 300 tons of crude palm oil (CPO) per day.
|Industry Sub Sector||Plantation|
|Established||3 October 1988|
|Listed||9 December 1997|
|Listed Company Code||AALI|
|Major Shareholders (>5%)||Astra International (79.68%)|
|Key Subsidiaries||Pandji Waringin
Sari Lembah Subur
Gunung Sejahtera Dua Indah
Flash content not available on Ipad
As one of the leading producers of palm oil, Astra Agro Lestari now manages a total plantation area of 272,994 hectare - including both nucleus and plasma - in Sumatra, Kalimantan and Sulawesi with the average tree age of 14 years. Of that total plantation area 234,430 hectare is labeled as mature plantation. The production of crude palm oil (CPO) accounts for approximately 88 percent of the company's sales revenue. Kernel and its derivatives account for a little over ten percent of annual sales revenue.
Production numbers of Astra Agro Lestari:
|Fresh Fruit Bunches
|Crude Palm Oil
in thousand tons
Source: Astra Agro Lestari, Investor Bulletin January 2013
Between 90 percent and 95 percent of Astra Agro's crude palm oil (CPO) production is sold on the domestic market, the remainder is exported.
Astra Agro Lestari's Financial Highlights:
|Earnings per share¹||1,671||1,055||1,281||1,528||1,531|
|Dividend per Share¹||505||685||830||995||685|
in trillion IDR (Rupiah), except stated otherwise
¹ in IDR (Rupiah)
Source: Astra Agro Lestari, Annual Report 2012
Future Prospects of the Indonesian Palm Oil Industry
Although international turmoil has resulted in a significant decline of the global palm oil price (and made the government introduce historically low export duties in 2013), the palm oil business in Indonesia is promising - on the long term - due to a number of reasons:
• Big profit margins, while the product is simple to produce.
• Large and increasing international demand.
• Crude palm oil (CPO) production costs in Indonesia are the lowest worldwide.
• Higher rates of productivity compared to other edible oil products.
• Bio-fuel is expected to increase its significance at the expense of expensive gasoline.
What are matters that hamper development of Indonesia's palm oil industry:
• Awareness of the need for more environment-friendly policies.
• Land disputes with local communities due to a lack of clarity regarding land ownership.
• Legal and regulatory uncertainty.
• High logistics cost due to the lack of quality and quantity of infrastructure.
Please visit our Palm Oil in Indonesia section to read more about this topic.
Jalan Pulo Ayang Raya Blok OR No. 1
Kawasan Industri Pulo Gadung, Jakarta
Phone: +62 21 461 6555
Fax: +62 21 461 6682 | 461 6689