PT Dharma Satya Nusantara Tbk · IDX:DSNG
PT Dharma Satya Nusantara Tbk — Q1 2020 Earnings Presentation
20 slides from PT Dharma Satya Nusantara Tbk's earnings presentation, Jun 24, 2020
Slide 1: PT Dharma Satya Nusantara, Tbk Results Update Q1 2020
PT Dharma Satya Nusantara, Tbk Results Update Q1 2020 www.dsn.co.id
Slide 2: Established in 1980, DSN is a growing, green producer of palm oil & wood products
Established in 1980, DSN is a growing, green producer of palm oil & wood products for the global market ▪ Acquired 65% of PT ▪ Strategic investment ▪ Acquired 2 TKPI of 15% @REA plantations in East (wood flooring Kaltim Kalimantan with business) ▪ JV with Daiken Corp, total planted area ▪ Starting w
Slide 3: Our estates are clustered across East, West, and Central Kalimantan
Our estates are clustered across East, West, and Central Kalimantan, with the largest in East Commercial 13 estates Development 2 estate 4,088 ha North Kalimantan 63,309 ha West 6 Mills East Kalimantan Kalimantan 14,487 ha 1,268 ha 1 Mill Central Kalimantan 12,282 ha 1 Mill 17,017 ha 2 Mills NEWLY A
Slide 4: Our most developed cluster in East Kalimantan is nearly the size of Singapore
Our most developed cluster in East Kalimantan is nearly the size of Singapore DWT Mill 6 Mill 3 Mill 2 KPS DAN DIN Mill 7 North Kalimantan SWA Mill 4 East Mill 1 Singapore West Kalimantan Kalimantan Central Palm Oil Mill Kalimantan Palm Oil Kernel Mill Bio-CNG Plant |4
Slide 5: Our CPO production rose by 18% following higher OER
Our CPO production rose by 18% to 153 thousand tons following higher OER of 24.20% against 23.03% last year 200 Monthly FFB Production, Mature Age : Mature Area (k ha) total age Nucleus Estates Annual Tren d 150 FFB 100 (Nucleus & Plasma) FY 50 FFB (t '000) 8.5 10.0 : 56.3 9.5 10.3: 60.5 10.0 10.7 :
Slide 6: Significantly higher CPO ASP in Q1-2020 has been contributing to better performance
Significantly higher CPO ASP in Q1-2020 has been contributing to a better performance against last year CPO Sales volume ASP (IDR mn/ton) 10 FY 666 9 8.3 8.1 FY FY 8 458 455 -11% 7 KPB Medan 7.2 -10% MDEX +27.7% Q1 DSN 143 6 6.5 AVG YTD DSN Q1 166 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ja
Slide 7: Plantation profile largely young and prime mature suggests continuing yield growth
Our plantation whose profile are largely young and prime mature suggested a continuing yield growth potential As of 2020 Yield Trend throughout Age Profile Historical FFB Yield/Mature Ha Planted Mature Area FFB Yield by Soil Type Actual Yr '000 '000 FFB Class Class 2018 Acquisition %Δ Avg Age Yield
Slide 8: DSN always strives for the best performance by conducting efficient operation
DSN always strives for the best performance by conducting efficient operation Cost of Sales (IDR bn) 2016 2017 2018 2019 Fertilizer 246.4 265.8 304.6 445.6 Labor 450.5 580.3 605.8 939.2 Others 225.7 285.9 275.1 345.2 FFB Purchased 515.8 714.1 654.6 1,045.6 CPO Purchased 257.2 378.5 112.7 23.9 Millin
Slide 9: Peer CPO Yield by Average Age of Plantations in 2019
Peer CPO Yield by Average Age of Plantations in 2019* CPO Yield/Ha (t) 7.0 6.0 DSNG 5.0 GAR ANJT BTMA 13.37 4.0 4.13 FIRST LSIP AALI SIMP KENC 3.0 Average Age & CPO Yield 2.0 1.0 Average Age (Year) - 8 9 10 11 12 13 14 15 16 17 18 *Based on public information Source : Company reporting and analyst r
Slide 10: Involved in empowerment programs
Involved in empowerment programs (transportations, contractors, iinfrastructure, etc) | 10
Slide 11: Planted Area, Mature Area, FFB Harvested
Planted Area (‘000 ha) Mature Area (‘000 ha) FFB Harvested (million tons) Yield per Ha Nucleus (tons) Total Total FFB Nucleus Total Nucleus Plasma CPO Plasma PK Mill Production (‘000 tons) Revenue (IDR bn) Avg Selling Price (IDR mn) Mill Effici. & Effectiveness (%) PKO CPO OER CPO CPO PK FFA PK PKO
Slide 12: Bio-CNG Plant project, Sustainable Practices, Green Loan
Bio-Compressed Natural Gas (Bio-CNG) Plant project Green Loan Following the signing of the green loan facility with &Green in April 2020, DSN affirms its commitment to transparency and accountability via the strict loan conditions agreed with &Green, such as: • Landscape Protection Plan to define DS
Slide 13: Wood Products: Renewable Resources
Slide 14: Wood Products Operating and Financial Summary
JV with Daiken Wood Products Operating Summary Q1-20 Q1-19 YoY Δ% Q4-20 QoQ Δ% 2019 2018 2017 Sales Volume ('000) Panel (m3) 25.9 22.4 15.7 25.8 0.2 96.6 83.8 71.0 Engineered floors (m2) 239.0 231.0 3.5 258.3 (7.5) 931.7 1,093.8 1,249.7 ASP (IDR mn) Panel (m3) 5.7 6.1 (5.9) 5.7 0.0 5.9 6.1 5.2 Compl
Slide 15: Consolidated and Palm Oil Financial Summary
Consolidated Financial Summary (IDR bn) Palm Oil Financial Summary (IDR bn) Q1-20 Q1-19 YoY Δ% Q4-19 QoQ Δ% 2019 2018 2017 Palm Oil Q1-20 Q1-19 YoY Δ% Q4-19 YoY Δ% 2019 2018 2017 Profit & Loss Revenue 1,318 1,130 16.7 1,501 (12.2) 4,736 3,772 4,290 15.9 (10.1) Gross Profit 361 309 16.7 450 (19.9) 1,
Slide 16: Palm Estates Operating Summary
Q1-20 Q1-19 YoY Δ% Q4-20 QoQ Δ% 2019 2018 2017 Palm Estates Planted Land ('000 ha) 112.4 108.4 3.7 112.4 0.0 112.4 108.4 90.3 Nucleus 84.6 84.4 0.2 84.6 0.0 84.6 84.4 69.4 Plasma 27.9 24.0 16.2 27.9 0.0 27.9 24.0 20.9 FFB Production ('000 t) 503.0 512.4 (1.8) 621.0 (19.0) 2,204.3 1,849.5 1,547.7 Nuc
Slide 17: DSNG Shareholders
DSNG Shareholders (%) Oetomo family 28.9 Rachmat family 31.0 Salim Lim family 6.3 Subianto family 8.4 Public & Others 25.4
Slide 18: Forward-looking statements 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. Although the Compan
Slide 19: Let's join the Government's efforts in combating the Covid-19 Pandemic
Let’s join the Government’s efforts in combating the Covid-19 Pandemic
Slide 20: PT Dharma Satya Nusantara Tbk Head Office
PT DHARMA SATYA NUSANTARA Tbk HEAD OFFICE Sapta Mulia Center Jl. Rawa gelam V Kav. OR/3B Kawasan industry pulogadung Jakarta 13930 Indonesia www.dsn.co.id T. +62(21)461 8135 F. +62(21)468 34865 E. info@dsngroup.co.id
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