Pt Dharma Satya Nusantara Tbk · IDX:DSNG

Pt Dharma Satya Nusantara Tbk — Q1 2018 Earnings Presentation

16 slides from Pt Dharma Satya Nusantara Tbk's earnings presentation, Aug 20, 2018

  1. Slide 1: DSN Group Q1 2018 Results Update

    DSN Group Q1 2018 Results Update $/ (.1'$ !$$ / / ! // % # #/ /!% .'$'''/-.$(') //$ / / //# )'(-/ )'(0$ / *%-//% !+)2)'(0$ "//# )'(,!//% ()'(1/ /1($.''! (0%)2/# ()'(-$ !/!//!#()%02)'(- #/#% &/ !! /$!/ /$!//" //%

  2. Slide 2: Palm Oil operations in 2017 show a strong rebound from the 2016 production declines

    Palm Oil operations in 2017 show a strong rebound from the 2016 production declines prompted by the El Nino 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 "!$ !! ,*+/) !11%1! Nucleus (‘000 ha) 1 ',*+2& Total 153.9 $1 ! !! Planted 69.4 !% ! 1!' Mature 63.9 N. Kal ,*+3&$20&-20 1 1!"1" &$!2-&0*. !"! &# 2 +*'/+*'3% 5 4 !#1%' 3 E. Kal W. Kal "%1$ .'+

  4. Slide 4: Our planting activity has been curtailed from 2016 pending environmental reviews

    Our planting activity has been curtailed from 2016 pending full environmental reviews for newer areas =1,000ha *()- 0 0#)$/(( 0 0 00 1(( 0 $!)$*(( & 00 ! % $ 0 0 $ !00 0" ,/2 0 % "+# $ 0 *($/*( " )*()1$+(2 0 0 % .($((( % ).$/), 0$ 0#0 0 0$ !0 00 % 4 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  5. Slide 5: Our planting and age profile suggest continuing FFB yield expansion from 2018

    Our planting and age profile to date suggest continuing FFB yield expansion from 2018 onward =1,000ha ( ( ( $"#' ( $&$ ( (! (( $"$" ( ( ( $%$ $"#) Q1 2018 Results Update 5

  6. Slide 6: 2017 FFB production recovered to aggregate standard yield levels

    2017 FFB production recovered to aggregate standard yield levels for our largest and oldest estates #!"& ( " $*(( # $+ #!"% (( )!%#& #!"&)'$)* #!"' ( ( ( (( " *' ((#!#! 6 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  7. Slide 7: Nucleus FFB volume declined by 25% in Q1

    Nucleus FFB volume declined by 25% in Q1 from the unseasonably strong quarter in the previous year " #&(* ) )$*! ) ))) #%(, "#!"' ))%" ) ) #% $ ) #'+, ) (%&, )) ))#&%,$$'' Q1 2018 Results Update 7

  8. Slide 8: Our most developed cluster is nearly the size of Singapore

    Our most developed cluster - with 5 estates, 6 CPO Mills and 56,000 ha - is nearly the size of Singapore 83=# :" ! ::+!"' "##!:!" "#"#" :" #:'"!( 32)222!"")%:::! * ! $$:!""! ;::::! :" /!#! 0'# ! %""!!""!)%" &" :* "'592"!-# * # "!" #:'13<. 142 <.# !" $!".". :: ::)"!!14)222 :: !#:"!:% "$:"!"! !::% * "

  9. Slide 9: Q1 CPO declined 19.0% Y-o-Y, while OER and FFA levels continued to improve

    Q1 CPO declined 19.0% Y-o-Y, while Q1 OER’s and FFA levels continued to improve on higher quality harvests + 2$+1&*5 + ,*+0%"2 2 # ( ) ,-&45 & 22 $++&*5+-%/14 %" $ 2 2 222% /%-3/ & 2$! +%" 2!2 ,&4.5& % 2$ 2 ' 4*5 2!2 ' % "2!2 !,&/5& Q1 2018 Results Update 9

  10. Slide 10: DSN's CPO productivity of 5.6 t/ha in FY2017 bettered FY2016

    DSN’s CPO productivity of 5.6 t/ha in FY2017 bettered our FY2016 performance by 29.4%. -!-'%&+''#/$"&+#) $'%&.# -! - !-*#.$"',#)0 '%&. ---! ('%&+" -!! -#- -" &'%&/! -!## 10 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  11. Slide 11: DSN's Q1 2018 CPO sales volume was 16% below 2017

    DSN’s Q1 2018 CPO sales volume of 82 thousand tons was 16% below 2017, with CPO revenues lower by 27% &'%&/ - /&!, +!+% --"! &'!.0 DSN Estates &'%&+ DSN Ports DSN Customers -- Refineries &+!(0- *!'0 - '&!*0 &! ---#$ - '*!&0 &'%&+ - ----'/!.0 - - -).!*0! - - +!+,--" '%&/! Q1 2018 Results Update 11

  12. Slide 12: Our Palm Oil segment Profit Before Tax fell 66% in Q1 2018

    Our Palm Oil segment Profit Before Tax fell 66% in Q1 2018, driven by comparatively weak volume and pricing &$%*" , )+( ,, # ,, &#((,,"&$#*/ ,&$%-" ," ,,,# %*#$/ %*#( ,," ,! , , ," , &.#./" &-#*/# %&$%., &.#)/" *(%,,", , , # &)#'/," " ,,! , ,# 12 PT Dharma Satya Nusantara Tbk (DSNG.JK)

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

    DSN is also a sizable wood products manufacturer with reputable brand names & long-standing global client relationships , , ,! , ,$ , $ ,, ! '"'+$). ! '(&'*# , , "+$&.$ # ,, ,# , "+$*. ," "'($&.$ , % (&'-$ Q1 2018 Results Update 13

  14. Slide 14: Q1 2018 Financial Summary

    Q1 2018 Financial Summary * Restated **Total debt excludes debt backed by restricted cash $ $ # $ " $! 14 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  15. Slide 15: Q1 2018 Operations Summary

    Q1 2018 Operations Summary Q1 2018 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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