PT Dharma Satya Nusantara Tbk · IDX:DSNG

PT Dharma Satya Nusantara Tbk — Q1 2017 Earnings Presentation

16 slides from PT Dharma Satya Nusantara Tbk's earnings presentation, May 2017

  1. Slide 1: DSN Group Q1 2017 Results Update

    DSN Group Q1 2017 Results Update # &!$ # (, #, !# &# !6 6 ( !# &%$ $ 6 % 6 6#%$- &# !6%% !#% $ # % $% !# &%' % $% #- # &!($ $%6$ 058/, #66* !#% 6 ( !# &%$ &%&#-'#$ % % !6%% $% # 0554,&6 &! &# $%# #6% $!$ (% &#6 6 &%$- !6 6 &$$$ $ $# # (%%!$%$'#6 *#$, &% # 439 &# % %6#'& 1/07$ #$&6% #$ !#$- &#)!$ $6#

  2. Slide 2: El Nino negatively impacted productivity through 2016, partially offset by stronger prices

    The recent El Nino had a negative impact on productivity through 2016, partially offset by stronger prices 2 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  3. Slide 3: Estates 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 163.6 #1 Planted 69.4 $ 1 & Mature 56.3 N. Kal $ *%# 1 20%,201 !1!% # 2)%.+/ !% 2 "0&.*)&, 5 4 $ "1$& 3 E. Kal W. Kal " 1 6 %!$1#.&/ C. Kal ' *+

  4. Slide 4: Growth through acquisition and planting, curtailed by regulatory uncertainty

    We have grown through acquisition and planting, but planting since 2016 is curtailed by regulatory uncertainty =1,000ha *()- 0 0#)$/(( 0 0 00 1(( 0 $!)$*(( & 00 ! % $ 0 0 $ !00 0" ,/2 0 % "-# $ 0 *($/*( " )$+(2 0 0 % .($((( % ).$/), 0$ 0#0 0 0$ !0 00 % 4 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  5. Slide 5: Planting and age profile suggests roughly 10% annual FFB growth through 2018

    Our planting and age profile to date suggests roughly 10% annual growth in FFB production through 2018 =1,000ha ) ) $"#( ) $*& ) ) )!$"$" ) ) ) $%' $"#& Q1 2017 Results Update 5

  6. Slide 6: Yields depressed in 2016 due to extended dry period

    Historically exceptional yields from our estates were depressed in 2016 due to the extended dry period ,&$%) &$%-! ,&$%*, , ,,," ,&$%.! ,, )- &*+ &$%--+ '-. &$%+ , , , ,,%!.( ,,&$&$! 6 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  7. Slide 7: Normalized rainfall in Q1 2017 expanded nucleus FFB volumes by 52%

    Normalized rainfall in Q1 2017 resulted in nucleus FFB volumes expanding by 52% from Q1 2016 !"#$ % %"!! % % # ( & % % #$ % % !$ ! !!( %% %% #&( "# ' Q1 2017 Results Update 7

  8. Slide 8: 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 72;# 8" ! 88+!"' "##!8!" "#"#" 8" #8'"!( 21)111!"")%888! * ! $$8!""! 68888! 8" .!#! /'# ! %""!!""!)%"9" &" 8* 88" "!' * "!" #8'02:- 031 # :-# !" 88 88)"!!03)111 $!"-"-88 !#8"!8% "$8"!"! !88% * "

  9. Slide 9: Strong FFB production saw CPO output higher by 37%

    Strong FFB production saw CPO output higher by 37%, despite a decline in OER and slightly higher FFA levels " #+.%*3 )*()1$ !0 0" & '00*)%/3 % 00 #*2%(3)-$*2($ ! # 00 0 00!,$2)1 % 0# 0 )$! 0 0+%+(3 %0 0 00# 0% 0$0# )+%)3 0 ! 0!0! +3 % Q1 2017 Results Update 9

  10. Slide 10: Productivity declined from 6.2 to 4.3 tons CPO per hectare in 2016

    DSN’s productivity, declining from 6.2 to 4.3 tons CPO per hectare in 2016, is still in line with 2015 industry average ( #)# #!"& "'% #!") %( *#%+$#!") ( ( (( ##!") (( ( ( ( "#!"' 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 &'%&*!,+*". ! .".&,, " ,, '%&-,! & )'"-/ DSN Estates DSN Ports '&%-!,, DSN Customers (&"%/" Refineries ,, #$ *)"-/ , ."./!, +%"%/ " ,,,#$ &&-"(/&'%&-! ,, , ,!, (('"*/ Q1 2017 Results Update

  12. Slide 12: Q1 Profit Before Tax rose 330% in Palm Oil segment

    Q1 Profit Before Tax rose 330% in our Palm Oil segment, driven by strong growth in both volume and pricing - " ,& --(&'.$ % - *%/)-- '.%'0 (&'+% !- -- ) "$ $ )%//--% - -$ - - -- -$ -$ (%,,--$,%,0 - ) " % (,%+0 '+%( --$ - -- --# - "-" % 12 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  13. Slide 13: Leading wood products manufacturer with reputable brands and long-standing clients

    DSN is also a leading wood products manufacturer with reputable brand names & long-standing client relationships & ' ! # #' # $ '$ !' ' % $ % ! !'' '#! " ' ' ' $ % ''' ! # !' $ ' % Q1 2017 Results Update 13

  14. Slide 14: First Quarter 2017 Financial Summary

    First Quarter 2017 Financial Summary * Restated **Total debt excludes debt backed by restricted cash $ $ # $ " $! 14 PT Dharma Satya Nusantara Tbk (DSNG.JK)

  15. Slide 15: First Quarter 2017 Operations Summary

    First Quarter 2017 Operations Summary Q1 2017 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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