INDF 2015

First Pacific

First Pacific indirectly owns 50.1 % of total stock of Indofood which is its head office located in indonesia. First Pacific is also shareholder of several companies, among of them are located in Philippine. Those subsidiaries run in various sectors, those comprise consumer foods (Indofood, goodman fieder), Telecommunication (PLDT), infrastructure (pacific light, Metro Pacific) and Natural Resource (Philex and RHI).

Within 50.1 % of total stock in Indofood, the company controlled the company’s business from its head office which is located at Hongkong.

In 2015, the company and wilmar made a joint venture to purchase Goodman Fieder, a food company based at Australia. Goodman Fieder produced various food and beverage products such as bread, milk, margarine, condiments, dips, mayonnaise, frozen pastry, cake mix, pies, savories, desserts, sauces and etc. 43 % of total revenue of Goodman Fieders is from Australia.

The company expanded to Australia in order to aim increase in sales at Asia as the region has high potential economic growth. The company considers that demand of food and beverage product in asia will increase at the future.

Indofood

In 2015 indofood has stagnant sales growth; it increased 0.7 % in comparison to sales in 2014. The slowdown of economic growth is as a reason of the slower sales growth. Decline in commodities demand may decrease the performance of agribusiness unit of the company. Turnover of agribusiness unit decreased 6.8 % in comparison to turn over in 2014. So did the flour unit, Bogasari, its revenue in 2015 decreased 3.51 % compared to revenue in 2014.

Consumer branded product unit as its key driver of sales growth is still growing at 6.02 % up in 2015. 

Acquisition of goodman fieder by the parent company is expected able to increase agribusiness unit and CBP unit in the future.

In 2015 the exchange rate rupiah to US dollar tends to drop as the export at that year decreased. The imported raw material, wheat, the main raw material for production of noodle, experienced higher price in 2015. In 2015 the company was able to maintain gross margin and current ratio at the same rate with in 2014.

In 2015 the profit margin decreased because it used more debt which increased the interest rate. In 2015 the company allocated the fund to acquire fixed asset for plantation and to finance its development. The company has acquired 50 & of CMAA in brazil, CMAA is a company which run in producing sugar and ethanol in brazil.