PT Dharma Satya Nusantara Tbk · IDX:DSNG

PT Dharma Satya Nusantara Tbk — Q1 2016 Earnings Presentation

16 slides from PT Dharma Satya Nusantara Tbk's earnings presentation, May 3, 2016

1. Slide 1: DSN Group Q1 2016 Results Update

   DSN Group Q1 2016 Results Update +(.)", +(0"' ' +' )+(.+ ()%&("% '0(()+(.-, ,(% "'-( %(%&+$-, .+ )%'--"(' ()+-"(', +&(' -!&(,-)+(.-"/ "' -!,-(+ ! +(.)0, (+" "'%%2,-%",! , 0(()+(.-, &'.-.++ 1)' "'-(-!)%'--"(',-(+ "' ."%"' .)('(.++%-"(',!"), 0"-!"'%(%(&&.'"-",(-! .,"',, , &'-, + +(0"' .--! )%&("%.,"',

2. Slide 2: Our plantations five-year track record highlights strong growth and effective management

   Our plantations five-year track record highlights strong growth and consistently effective and efficient management 2 PT Dharma Satya Nusantara Tbk (DSNG.JK)

3. Slide 3: Our estates are clustered across East, West and Central Kalimantan

   Our estates are clustered across East, West and Central Kalimantan, with acquisitions AAN & MNS in the West *."+ ! ,--, "' ", Nucleus (‘000 ha) )+-"%%1 )%'-0!"%", Total 163.6 +'"% Planted 69.4 1-!'(0 ! Mature 56.3 N. Kal !'.%.,' !(&-.+ ,--, 0"-!' 1 /+ , ( ' 2 1+, +,)-"/%1 .+ 5 4 1"%0, -(',!(+-! 3 E.

4. Slide 4: Our planted area has grown by acquisition and planting since 2001

   Our planted area has grown by acquisition and planting since 2001, resulting in a relatively young age profile =1,000ha '+ ( $ $ &(%, +( &")# ( )&$) $(". %$+"+)$ * *$%%( % %&")# %- %+(&"$*( #$) -( #*+( +$( % #%" +( %## *#$**%&")# ()+"* $ $ (. ")$ %"() ) ( * ""#$* $* (,$+) %(&")# %"() )+)) %/)&"#% "

5. Slide 5: Our planting and age profile suggests average 10% annual growth in FFB production through 2018

   Our planting and age profile to date suggests an average 10% annual growth in FFB production through 2018 =1,000ha '$ #!&$% &'$ * &$% (&%&!$ * )#!%"!"& % % &"!%%% "'!&'$ &$% %"' %"! '#$" %&!$ "%&&!!&'$ *" &"!%! Q1 2016 Results Update 5

6. Slide 6: Our younger estates have achieved or exceeded standard yields for Class II soil

   Our younger estates have achieved or exceeded the standard yields for Class II soil over a number of years #$" (# !!$ %"%""$ !" #%#$ & % % $%$ "# $" %'$ %$ $ !$"" &" $ $ "# %" $%" " ' "# " $ ( # $" "( !$'$ !" #!$& ## # ( $ # 6 PT Dharma Satya Nusantara Tbk (DSNG.JK)

7. Slide 7: Adverse weather in 2015 resulted in nucleus volumes declining in Q1 by 17.0%

   The adverse weather in 2015 has resulted in nucleus volumes declining in Q1 by 17.0% from the previous year "% $%#$# " %%##$$# &$ $ $%#$# " # %%# %$ %$ ' " &$ %%#' $# " $" # ' $# "$" $ !%"$" " "$' %"## &" "%' # & "## ' $$%#$# Q1 2016 Results Update 7

8. Slide 8: Our most developed cluster - with 5 estates, 5 CPO Mills and 56,000 ha

   Our most developed cluster - with 5 estates, 5 CPO Mills and 56,000 ha - is nearly the size of Singapore *"*0-+')/! -! %. $(%''8.+%/4) '*/! %) *)/%#0*0.'*&%) *((* /!+!& *0/+0/"-*( ./ '%()/) )-! /$! $!.//! 2$%'!(%''. .%5! *"%)#+*-! .!-1%%)# !1!'*+%)#!.//!. %1! *"*0-+'(*%'(%''.-! .0$.(4+0-$.! '*/! 2%/

9. Slide 9: A 7.6% improvement in our OER helped offset the drop in FFB production

   A 7.6% improvement in our OER helped offset the drop in FFB production, while FFA levels improved to 2.27% ')&,+!&%&%+)+ 0 !% . !# + !#/+)+!&%+ /'% +& &)+ (,)+) #$)%# ')&,+!&%)&* 0 +& +&%* .!+ $&*+&+ &,+',+ ,*0&,)#$)%# !# $!##. ! ')&, +&%*& ,) ')&,+!&%(,#!+0)$!% ! ,)!%+ 0) .!+ )+ #-#* &",*+ $/!$,$ $

10. Slide 10: DSN's productivity is consistently ahead of peers, whatever the age profile

    DSN’s productivity, at 6.2 tons of CPO per hectare in 2015, is consistently ahead of peers, whatever the age profile )#'" #$ $ $ #!" $" '$## )" )" #'# "&$#$ !"$)$($") ") $ # $# ' $%$ $"#$ $' $# %" #$$ #$$# $%$ (!" '$" $#%$ '&" " 10 PT Dharma Satya Nusantara Tbk (DSNG.JK)

11. Slide 11: Expanding domestic refining capacity ensures robust demand for our CPO

    Expanding domestic refining capacity, coupled with our high-quality product, ensures robust demand for our CPO /, /-.*(",- ," +,&(,&'2 ,"#&)",&"- '* ."!&)'&().) )!0 &) '/!&)$ (,. &'(,/' /(+/,"+*)$/-&( DSN Estates DSN Ports - )!",($ DSN Customers ") ) )!*)"-& Refineries ) 1"-*'! .%*/-)!.*)-*#. )0",$"

12. Slide 12: Costs were lower and seasonality of fertilizer application led to expanding margins in Q4

    Costs were lower during the year, and the seasonality of fertilizer application led to expanding margins in Q4 )& ($(!'$'( !#-%!!$# # $#!!# %)&'' #(& ,%#'' %&$) ( '$'($% "!!$#%& ($#$& "%&$*"#( $*& ,!)#( $'('$%)&'## "!!# & %&(- $)& $'(%&($#+' )'( % "!!$# + !'$#($( &*#)' &* &$" ('! $ !" &#! #!"&#! !$)

13. Slide 13: DSN is also a leading wood products manufacturer

    DSN is also a leading wood products manufacturer with reputable brand names & long-standing client relationships " $ $ "#$ ' "$# "%") "%$#%$%"" "# $' "## # "% # $ % ) " "#"# $") "%%" $ !%#$# # " $"# "$$ #$# #$%" "%$($ )'$%"%# """ $"$ &"$ ""# #$"# # $#%" & #%$ $)$ $$##' $" $ %"%""$"'$ # %"# "%" "$# %

14. Slide 14: Q1 2016 Financial Summary

    Q1 2016 Financial Summary ** Consolidated adjusted profit excludesthe impact of unrealized financing forex gains/losses "#"""! #"$ " !" ##""! " " 14 PT Dharma Satya Nusantara Tbk (DSNG.JK)

15. Slide 15: Q1 2016 Operations Summary

    Q1 2016 Operations Summary Q1 2016 Results Update 15

16. Slide 16: Disclaimer

    DISCLAIMER: This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Althoug

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