Annual Reports

2022 Annual and Sustainability Report

Cultivating excellence, emerging stronger

SMART continues strengthening its competitive edge through operational excellence, plant and product innovation as a leading global seed-to-shelf palm-based business. Applied use of technology and responsible production values are the cornerstones of our growth strategy, allowing SMART to meet new trends in customer and consumer preferences and emerge stronger.

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ANNUAL AND SUSTAINABILITY REPORT 2022

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Board of Commissioners’ Report

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Years of effort in transforming our business model to be equipped with technology-based solutions has enabled SMART to achieve substantial growth in its financial results for the year 2022.

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Franky Oesman Widjaja
President Commissioner

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BOARD OF COMMISSIONERS’ REPORT

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Board of Directors’ Report

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Powered by our robust integrated business model and the collaboration and fast execution of our people, we were able to navigate the high market volatility to deliver an exceptional performance.

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Irwan Tirtariyadi
President Director

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BOARD OF DIRECTORS’ REPORT

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Financial Performance

Kinerja Keuangan 1

Kinerja Keuangan 2

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FINANCIAL REVIEW

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CONSOLIDATED FINANCIAL STATEMENT

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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 136 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.

Business Strategy

Our strategy is built on palm oil’s competitiveness based on the evolving global consumer preferences. As a soil-to-table agribusiness player, we believe SMART can grow sustainably, capitalising on its capability to produce an extensive portfolio of palm-based products with efficient end-to-end supply chain from sustainable sourcing to international delivery access.

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