PT Nusantara Sawit Sejahtera Tbk · IDX:NSSS
PT Nusantara Sawit Sejahtera Tbk — Q2 2023 Earnings Presentation
24 slides from PT Nusantara Sawit Sejahtera Tbk's earnings presentation, Jul 28, 2023
Slide 1: PT Nusantara Sawit Sejahtera Tbk 2Q 2023 Company Presentation
PT Nusantara Sawit Sejahtera Tbk 2Q 2023 Company Presentation 28 July 2023
Slide 2: Key Quarterly Highlights
Key Quarterly Highlights Revenues: ▪ 2Q23 revenues jumped 18.7% QoQ to IDR289bn. CPO Sales Volume: ▪ 2Q23 CPO sales volume increased 24.5% QoQ to 23,036 tons. Production Volume: ▪ 2Q23 total CPO production spiked 31.6% QoQ to 23,780 tons. Price: ▪ 2Q23 average CPO selling price was IDR 10,683/kg, do
Slide 3: Revenues
Revenues (IDRbn) 1,500 1,300 1,147 1,134 2 1,100 137 39 117 900 747 700 70 523 500 47 1,008 977 677 13 243 289 300 25 18 476 20 100 210 246 (100) 2019 2020 2021 2022 1Q23 2Q23 CPO PK TBS 2Q23 Company Presentation 3
Slide 4: Gross Profit and Gross Profit Margin
Gross Profit and Gross Profit Margin (IDRbn) (%) 1,200 60 49.8 1,000 50 800 35.8 40 29.9 600 571 30 23.2 406 400 20 12.8 9.0 223 200 10 47 67 31 - - 2019 2020 2021 2022 1Q23 2Q23 2Q23 Company Presentation 4
Slide 5: EBITDA and EBITDA Margin
EBITDA and EBITDA Margin (IDRbn) (%) 1,200 57.1 60 1,000 50 38.5 38.6 800 40 655 30.8 600 30 20.4 437 400 20 287 200 6.8 10 107 89 17 - - 2019 2020 2021 2022 1Q23 2Q23 2Q23 Company Presentation 5
Slide 6: Net Profit and Net Profit Margin
Net Profit and Net Profit Margin (IDRbn) (%) 500 40 21.4 400 20 2.6 6.2 300 1.4 245 - 200 (20) 100 70 (45.9) 19 4 (40) - (60) (100) (61) (200) (80) (300) (240) (100) 2019 2020 2021 2022 1Q23 2Q23 2Q23 Company Presentation 6
Slide 7: FFB Production and Yields
FFB Production and Yields (Kton) (Ton/ha) 700 18 16.3 15.9 15.1 15.6 600 16 14 500 12 390 400 400 351 10 8.1 294 7.2 8 300 6 200 117 4 90 100 2 - - 2019 2020 2021 2022 1Q23 2Q23 FFB Production FFB Yield 2Q23 Company Presentation 7
Slide 8: Processed FFB and Utilization Rates
Processed FFB and Utilization Rates (Kton) (%) 500 111.7 120 104.7 105.7 450 93.8 402 100 400 377 381 350 338 80 300 60 250 200 30.1 40 23.3 150 108 20 100 84 - 50 - (20) 2019 2020 2021 2022 1Q23 2Q23 FFB Processed Utilization Rates 2Q23 Company Presentation 8
Slide 9: CPO Production and Oil Extraction Rate
CPO Production and Oil Extraction Rate (Kton) (%) 150 25 21.7 21.4 21.9 21.8 21.5 22.0 120 20 88 90 81 83 15 73 60 10 30 24 5 18 - - 2019 2020 2021 2022 1Q23 2Q23 CPO Production OER 2Q23 Company Presentation 9
Slide 10: Palm Kernel Production and Kernel Extraction Rate
Palm Kernel Production and Kernel Extraction Rate (Kton) (%) 30 4.6 5.0 4.5 4.4 4.1 4.1 4.1 4.5 25 4.0 20 3.5 18 15 16 3.0 15 14 2.5 2.0 10 1.5 5 1.0 5 4 0.5 - - 2019 2020 2021 2022 1Q23 2Q23 Palm Kernel Production KER 2Q23 Company Presentation 10
Slide 11: Operational Summary
Operational Summary Total Planted Area 2019 2020 2021 2022 6M23 New Planting (Ha) Nucleus (Ha) 396 463 153 163 90 Plasma (Ha) 45 86 152 68 232 Mature Area (Ha) Nucleus (Ha) 19,489 22,513 23,982 25,197 25,594 Plasma (Ha) 175 450 459 560 583 Immature Area (Ha) Nucleus (Ha) 6,125 3,565 2,239 1,187 880
Slide 12: Financial Summary
Financial Summary Profit & Loss (IDR bn) 2Q23* 1Q23* QoQ (%) 2Q22* YoY (%) 2021 2022 6M22* 6M23* YoY (%) Revenue 289 243 18.7 308 (6.2) 1,147 1,134 595 532 (10.6) Gross profit 67 31 115.3 119 (43.5) 571 406 284 98 (65.4) % margin 23.2 12.8 - 38.6 - 49.8 35.8 47.7 18.5 - EBITDA 89 17 437.7 91 (2.3) 6
Slide 13: Palm Oil Plantation Profile
Palm Oil Plantation Profile (Ha) NSSS Average Plant Age is 8 Years with no plants over 20 years 30,000 27,586 26,738 27,033 27,265 26,189 25,000 9,730 20,000 37.2% 15,175 17,378 19,867 15,000 56.8% 22,951 83.2% 64.3% 72.9% 9,934 10,000 37.9% 7,788 29.1% 5,000 7,062 26.1% 5,891 21.6% 6,524 24.9% 3,22
Slide 14: Planted Profile
Planted Profile (Ha) 30,000 27,586 26,738 27,033 27,265 26,189 1,112 574 660 812 881 25,000 20,000 15,000 25,614 26,078 26,221 26,384 26,474 10,000 5,000 - 2019 2020 2021 2022 6M23 Nucleus Plasma 2Q23 Company Presentation 14
Slide 15: Young Average Plant Age in 2022
Young Average Plant Age in 2022 NSS has relatively young plants (average age: 8 years), which is less than half (Years) of the 2022 industry’s average (14 years) 20 18 16 14 12 10 19.0 19.0 8 15.1 13.7 14.0 12.9 13.0 13.2 6 12.0 12.5 10.0 4 8.1 2 0 NSS FAPA TAPG SSMS ANJT STAA TLDN DSNG SGRO AALI LS
Slide 16: Premium CPO Quality with less than 3% FFA
Premium CPO Quality with less than 3% FFA NSS is committed to produce premium quality CPO with less than 3% Free Fatty Acids. Harvesting Cycle The fresh fruit bunch (FFB) are harvested at the appropriate time to avoid overripe or underdone FFB Efficient Harvesting Harvesters are educated to ensure t
Slide 17: Plantation Location
Plantation Location PT Nusantara Sawit Sejahtera Tbk PT Nusantara Sawit PT Borneo Sawit Persada Perdana PT Prasetya Mitra PT Hamparan Mitra Muda Abadi PT Bina Sarana Sawit Utama Jakarta Airport – Sampit Airport ± 1.5 Hours Jakarta Airport – Palangkaraya Airport ± 1.5 Hours Sampit Airport – NSP/BSP ±
Slide 18: Efficient Delivery System
Efficient Delivery System Direct-Piping System Special Terminal Low Distribution Cost Faster Delivery Zero Spillover Low Maintenance NSS has a direct-piping system from its 1st CPO Mill in Kotawaringin Timur to a special terminal (1.5km) eliminating land transport delivery to customers 2Q23 Company
Slide 19: Annual General Meeting Shareholder – June 2023
Annual General Meeting Shareholder – 27 June 2023 Meeting Agenda: ▪ Approval of the Audited Annual Financial Statements of the Company for the Fiscal Year 2022 and the Company's Annual Report for the Fiscal Year 2022. ▪ Appointment of Public Accounting Firm/Accountant Purwantono, Sungkoro & Surja to
Slide 20: NSSS' Site Visit 12-14 June 2023 in Central Kalimantan
NSSS’ Site Visit 12-14 June 2023 in Central Kalimantan ▪ Following its successful IPO in March 2023, NSSS’ organized a site visit for analysts and key investors to tour NSSS’ plantations of its subsidiaries, Nusantara Sawit Persada (NSP) and Borneo Sawit Perdana (BSP). ▪ During the visit to NSP, par
Slide 21: Construction Progress of 2nd Mill
Construction Progress of 2nd Mill ▪ NSS initiated the process of constructing its 2nd CPO mill with 60 tph capacity in August 2022. ▪ The 2nd CPO mill, with a total area of around 40 Ha, has a direct-piping system to a special terminal. ▪ The operational of 2nd CPO mill will be started in October 20
Slide 22: CSR Commitments
CSR Commitments EDUCATION ECONOMIC SOCIAL & HEALTH ✓ Start integrated service posts for the Toddlers’ Public ✓ Provide basic nursery & toddler care for employee’s ✓ Construct permanent employee homes Health Program children ✓ Road maintenance along the site ✓ Construct clinics for public health ✓ Fu
Slide 23: Proper Waste Management
Proper Waste Management Qualified and secure waste management in order to provide environmental benefits. 2Q23 Company Presentation 23
Slide 24: THANK YOU
THANK YOU PT Nusantara Sawit Sejahtera Tbk https://nssgroup.id/ For more information, please contact: Evelyn Satyono Head of Investor Relations Office: +62 21 8354045 Mobile: +62 8111080610 Email: investor.relations@nssgroup.id DISCLAIMER: This presentation has been prepared by PT Nusantara Sawit Se
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