Annual and Sustainability Report 2023

Cultivating Excellence Innovating Growth

As one of the leading palm-based consumer companies in Indonesia, SMART upholds ethical practices and elevates operational excellence throughout its entire business value chain.
At SMART, we focus on adding value to our products and services to enhance our competitive edge. Investments in innovation and sustainability reinforce our ability to generate long-term value for our stakeholders. SMART sees partnerships with our stakeholders as essential – helping us cultivate excellence and innovate for growth to allow us to navigate this dynamic industry effectively and strengthen theresilience of our business for the future.

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ANNUAL AND SUSTAINABILITY REPORT 2023


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Board of Commissioners’ Report

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The Company’s long-term success hinges on the management’s ability to innovate continually and strengthen our competitive edge.
Franky Oesman Widjaja
President Commissioner

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BOARD OF COMMISSIONERS’ REPORT


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Board of Directors’ Report

In navigating these dynamic situations, we endeavoured to be flexible while maintaining the Company’s focus on extracting optimum value across our entire business chain.
Irwan Tirtariyadi
President Director

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BOARD OF DIRECTORS’ REPORT


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Financial Performance

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Kinerja Keuangan 1
Kinerja Keuangan 2
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FINANCIAL REVIEW


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CONSOLIDATED FINANCIAL
STATEMENTS


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Brief Profile

SMART’s efficient integrated operations focus on the technology-driven and responsible production. Our primary activities start from cultivating 134 thousand hectares of oil palm plantations in Indonesia, including plasma smallholders; harvesting and extracting fresh fruit bunches into crude palm oil and palm kernel; to processing it into a broad range of value-added products such as cooking oil, margarine, shortening, biodiesel, and oleochemicals; as well as merchandising palm products globally.

SMART markets and exports palm-based consumer products in the form of bulk and industrial oil. SMART’s refined products are also marketed under several brands, such as Filma and Kunci Mas, which are recognised for their high quality in Indonesia.

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Creating Long-Term Value Responsibly

By way of the following three strategic priorities, SMART is steadfast in fortifying its position as an innovative and leading integrated agribusiness and food player, with a superior at-scale upstream and resilient value-adding downstream businesses.
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Creating Long-Term Value Responsibly


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Operations Review

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Tinjauan Operasi 1
Tinjauan Operasi 2
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OPERATIONS REVIEW


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Sustainability Performance

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Kinerja Berkelanjutan 1
Kinerja Berkelanjutan 2
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STRENGTHENING OUR SUSTAINABILITY EFFORTS


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