20231030_DSNG_Laporan Informasi dan Fakta Material_31483234_lamp2.pdf

PRESS RELEASE
PT DHARMA SATYA NUSANTARA Tbk



DSNG RECORDED IDR 6.6 TRILLION SALES IN Q3 2023
Jakarta, 31 October 2023 - PT Dharma Satya Nusantara Tbk ("The Company," "DSNG") booked revenue of
IDR 6.6 trillion for 9M-2023, relatively the same compared to the same period last year. Palm oil continued
to be the primary revenue contributor for the Company, accounting for 88%, equivalent to IDR 5.8 trillion
and experiencing a 7% YoY increase against the same period last year.

This achievement was driven by a 7.5% YoY increase in CPO production, triggered by improved Fresh
Fruit Bunch (FFB) productivity, particularly in the third quarter of this year. During the first nine months
of 2023, the nucleus and plasma plantation recorded a significant productivity improvement against the
previous quarters, with nucleus FFB production increasing by 14.5% and plasma by 16.4% QoQ.

The production of Crude Palm Oil (CPO), Palm Kernel (PK), and Crude Palm Kernel Oil (PKO) increased by
11%, 13%, and 11%, respectively. Meanwhile, the OER also improved, rising from 22.84% in Q2 2023 to
23.50% in Q3 2023, despite 0,5% lower YoY.

The CPO average selling price (ASP) also performed better in this period, accounting for Rp 11.5
million/ton. Unfortunately, an 11% rise in the cost of sales of approximately IDR 4.9 trillion also followed
the revenue increase, driven by the increase in global fertilizer price and higher volume.

"The ongoing Russia-Ukraine conflict has led to fluctuations in fertilizer prices. Over the first nine months
of this year, the cost of sales increased by 11% compared to last year," explained Andrianto Oetomo, CEO,
PT Dharma Satya Nusantara Tbk.

As a result, the Company's net profit declined by 44% to Rp 504 billion, and the EBITDA reduced by 24%
to Rp 1.6 trillion.

Meanwhile, the wood products segment performed otherwise, with revenue in 9M23 decreased by 33%
to Rp 800 billion. The higher-for-longer interest rate environment has contributed to the slowing
property markets in Japan, the USA, Canada, and the EU, and consequently, low demand for wood
products throughout 2023. However, thanks to our cost leadership strategy and premium quality
products, sales quantities were still growing by 18% and 6% QoQ, for panel and engineered flooring,
respectively, despite being 18% and 40% lower YoY, respectively, in comparison to 2022.




     PT Dharma Satya Nusantara Tbk      Tel. +62 21 4618 135
     Sapta Mulia Centre                 Fax. +62 21 4606 942
     Jl. Rrawa Gelam V Kav. OR/#B
     Kawasan Industri Pulogadung
     Jakarta 13930
     Indonesia                           www.dsn.co.id