PT Dharma Satya Nusantara Tbk · IDX:DSNG
PT Dharma Satya Nusantara Tbk — 9M 2019 Earnings Presentation
20 slides from PT Dharma Satya Nusantara Tbk's earnings presentation, 2019
Slide 1: Breaking Our Limits - 9M-2019 Presentation
BREAKING OUR LIMITS DSNGROUP ” 9M-2019 ATT Wi Hi y / dll il i f HAN WI AYA AAA me Ml t, f a COMPANY ie : aan n\ i ! a) INNA | l * ve F oF | [sv 4 | Iaal [ PI i } wy) = } PRESENTATION PT DHARMA SATYA NUSANTARA Tbk
Slide 2: New building in West Kalimantan, Desa Peniti, Sekadau
New bulking in West Kalimantan, located in Desa Peniti, Sekadau
Slide 3: Company milestones and history
Starting wood processing business • Acquired 2 plantations in East First planting of oil palms in East Kalimantan with total planted Kalimantan area 17k ha & 2 mills • Groundbreaking of Bio-CNG First palm oil plantation Plant in East Kalimantan First planting of oil palms in Central Kalimantan Mill#
Slide 4: Kalimantan locations map
North Kalimantan East West Kalimantan Kalimantan Central Kalimantan |4
Slide 5: 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 |5
Slide 6: 9M-2019 production increased by 30% against the same period last year
9M-2019 production has significantly increased by 30% against the same period last year 200 Monthly FFB Production, Mature Age : Mature Area (k ha) total age Nucl eus Estates Annual Trend 150 FFB 100 50 FFB (t '000) FY 7.5 9.5 : 51.8 8.5 10.0 : 56.3 9.5 10.3 : 60.5 10.0 10.7 : 77.9 11.0 11.1 : 81.4
Slide 7: 9M-2019 revenue was better than last year with Palm Oil around 82%
9M-2019 revenue was better than last year with contribution from Palm Oil around 82% CPO Sales volume (tons) ASP (IDR mn/ton) 10 FY FY 9M 458 455 464 9 FY 8 348 9M 303 7 KPB Medan MDEX 6 DSN 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Slide 8: FFB yield and age profile
FFB Yi eld (t/ha) Area ('000 ha ) 35 14 Yield Trend throughout Age Profile Immature Young Mature Prime Mature Old Mature 30 12 Historical FFB Yield/Mature Ha P lanted M ature A rea FFB Yield by So il Type A ctual 25 10 2018 Acquisition Yr '000 '000 %Δ A vg FFB Class Class %Δ ha ha A ge Yield II III
Slide 9: Cost of sales and unit cash costs
C o s t o f S a le s ( ID R bn) 2018 2017 2016 2015 2014 2013 2012 Fertilizer 304.6 265.8 246.4 337.3 331.9 282.1 326.7 Labor 605.8 580.3 450.5 479.6 409.5 330.5 274.3 Others 275.1 285.9 225.7 262.8 302.2 265.7 224.3 FFB Purchased 654.6 714.1 515.8 517.3 671.0 290.5 179.1 CPO Purchased 112.7 378.5 2
Slide 10: Peer CPO yield by average age of plantations
Peer CPO Yield by Average Age of Plantations in 2018* CPO Yield/Ha (t) 7.0 DSNG GAR 6.0 5.0 ANJT 12.8 AALI BTMA ; 4.6 4.0 FRST LSIP KENC SIMP 3.0 2.0 Average 1.0 0.0 8 9 10 11 12 13 14 15 16 17 18 Average Age (Year) *Based on public information Source : Company reporting and analyst research Monthly
Slide 11: Planted area, mature area, FFB harvested, yield and mill production
Planted Area (‘000 ha) Mature Area (‘000 ha) FFB Harvested (million tons) Yield per Ha Nucleus (tons) 108 90 90 90 1.85 84 26.2 26.2 80 96 1.59 25.2 1.49 1.55 22.8 69 69 69 1.38 1.38 63 78 1.35 72 1.26 Total 65 1.09 17.4 Nucleus 58 56 61 0.98 Total FFB 54 52 Plasma 48 Total Nucleus CPO Nucleus Plasm
Slide 12: Mills Profile
Mills Profile Mil Year Loc. Est. TPH RSPO ISPO Mill 1 2002 E. Kal. SWA 90 Cert. Cert. Mill 2 2010 E. Kal. DAN 60 Cert. Cert. Mill 3 2011 E. Kal. DIN 60 Cert. Cert. Mill 4 2012 E. Kal. SWA 60 Cert. Cert. Mill 5 2012 C. Kal. PWP 60 Cert. Mill 6 2015 E. Kal. DWT 60 Cert. Mill 7 2017 E. Kal. KPS 60 Mill
Slide 13: Involved in empowerment programs
Involved in empowerment programs (transportations, contractors, iinfrastructure, etc) | 13
Slide 14: Wood Product
Slide 15: Wood segment sales volume, ASP and financials
9M-19 9M-18 YoY Δ% Q3-19 Q2-19QoQ Δ% 2018 2017 YoY Δ% Sal es Vol ume ('000) Panel (m3) 70.8 61.0 16.0 25.9 22.5 14.9 83.8 71.0 18.0 Engi neered fl oors (m2) 673.3 806.5 (16.5) 241.6 200.7 20.4 1,093.8 1,249.7 (12.5) ASP (IDR mn) Panel (m3) 6.0 5.9 1.0 5.7 6.1 (6.7) 6.1 5.2 15.4 Engi neered fl oors (
Slide 16: Consolidated, Palm Oil and Wood Financial Summary
Consolidated Financial Summary (IDR bn) Palm Oil Financial Summary (IDR bn) 9M-19 9M-18 1 YoY Δ% Q3-19 Q2-19 QoQ Δ% 2018 2017 QoQ Δ% Palm Oil 9M-19 9M-18 1 YoY Δ% Q3-19 Q2-19 YoY Δ% 2018 2017 YoY Δ% Profit & Loss Revenue 3,235 2,627 23.2 1,126 979 15.0 3,772 4,290 (12.1) Revenue 3,968 3,338 18.9 1,3
Slide 17: Palm estates and mills operational summary
9M-19 9M-18 YoY Δ% Q3-19 Q2-19 QoQ Δ% 2018 2017 YoY Δ% Palm Estates Mature Land ('000 ha) 101.8 79.1 28.7 101.8 101.8 (0.0) 96.1 72.3 32.9 Nucleus 81.4 63.9 27.4 81.4 81.4 (0.0) 77.9 60.5 28.8 Plasma 20.4 15.2 34.3 20.4 20.4 0.0 18.2 11.8 54.4 Planted Land ('000 ha) 108.4 90.3 20.1 108.4 108.4 (0.0)
Slide 18: DSNG Shareholders
DSNG Shareholders (%) Oetomo family 28.9 Rachmat family 31.0 Salim Lim family 6.3 Subianto family 8.4 Commissioners & directors 4.5 Treasury shares 1.3 Public 19.6
Slide 19: 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 20: DSNGROUP contact details
DSNGROUP PT DHARMA SATYA NUSANTARA Tbk Sapta Mulia Center JI. 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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