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Nusantara Sawit Sejahtera Tbk (NSSS) Public Expose | 10 September 2025
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Company Background
Founded in 2008 and listed on the IDX in March 2023, PT Nusantara Sawit
Sejahtera Tbk (NSSS) manages 46,528 hectares across five plantations in
Central Kalimantan, producing high-quality palm oil under experienced
leadership and best-in-class cultivation practices.
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Public Expose | 10 September 2025 2 2
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Business Principles
Vision Mission
To become a world-class, responsible and To adopt the highest social−environmental
sustainable producer of crude palm oil standards, uplift workforce and surrounding
through continuous improvement, while communities, whilst implementing Good
raising the standard of living within the Corporate Governance for enhanced value
surrounding community toward all stakeholders & shareholders
Core Values
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Public Expose | 10 September 2025 3 3
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Competitive Advantages
Young & Productive Strong Operations Led by Experts
Young age profile allows for Mills are equipped with direct Headed by Teguh Patriawan with
substantial room to grow piping system & special more than 40 years of industry
backed by relatively higher terminal resulting in more experience, having planted over
productivity than its peers efficient delivery and cost 120,000 ha for Sinarmas’ CPO
estates in Kalimantan
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Section 1
Young
&
Strategically
Located
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Corporate Structure
NSS Group
99.9% 99.9% 99.9% 99.9% 99.9%
PT Nusantara PT Borneo PT Prasetya PT Bina Sarana PT Hamparan
Sawit Persada Sawit Perdana Mitra Muda Sawit Utama Mitra Abadi
(NSP) (BSP) (PMM) (BSSU) (HMA)
Planted Planted Planted Planted Unplanted
~12,479 ha ~8,257 ha ~6,797 ha ~326 ha
Kotawaringin Timur Kotawaringin Timur Gunung Mas KalTeng Kapuas KalTeng Kapuas KalTeng
KalTeng 1st CPO Mill KalTeng 2nd CPO Mill Plan for 3 rd CPO Mill Plan for 4th CPO Mill Plan for 5th CPO Mill
(360kt pa) (360kt pa)
>851 ha landbank >347 ha landbank >1,453 ha landbank >6,277 ha landbank >7,918 ha landbank
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Plantations Overview – 1H25
Map of Plantations Landbank Breakdown
Planted areas 46,528 ha Landbank
29,682 ha 16,846 ha
In Central Kalimantan near the Tualan and Mentaya rivers
Age Profile (Nucleus + Plasma) Average Age (years)
11.5
10.6 10.6
9.8
9.0 9.3
Immature
Optimal 8.7% (0 - 3 years)
prime 86.8% 29,682 ha
(7 - 20 years) 4.5%
Young prime
(4 - 6 years)
Majority of plants are reaching optimal yields 2023 2024 2025F 2026F 1H24 1H25
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Nucleus Age Profile – 1H25
Average Age: 10.6 years
Mature
Immature Immature
Young
(ha) Optimal Prime (0 – 3 years)
Prime
8,000 Optimal Prime Young Prime
(7 – 20 years) 5.9% (4 – 6 years)
6,964
7,000 3.6%
6,000
5,445
5,000
4,000 27,859 ha
3,024
3,000
2,213
2,101 2,078
2,000
1,479
1,227
1,000 617
476 383 463 396 349 317
174 153 90.4%
0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Age (years)
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Company Milestones
2009 - 2014 2016 - 2017 2021 - 2022 2024
ISPO for NSP and Completed 2nd
Established and Completed 1st BSP; IDR2.1tn
CPO mill and CPO mill and
obtained HGU loan refinanced to
special terminal special terminal
29,616 Ha BMRI from BBRI
2015 2020 2023
Secured IDR1.1tn Secured IDR2.1tn
long-term Publicly Listed
loan facility from on IDX
financing project BBRI
from BBRI
(Ha)
30,000 26,768 27,384
25,218 25,614 26,077 26,221 26,384
25,000 23,992
22,513
19,489
20,000 17,389
15,175
15,000
9,730
10,000
5,000 2,744
317 666
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Mature (Nucleus) Immature (Nucleus)
15 years planting CAGR: 34.6%
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Section 2 Excellent Operations
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Operational Advantages – Mill Capacity Doubled (1/4)
Total CPO Mill Production Capacity: 120 tons/hr (720,000 tons/pa) CPO Mill Utilization Rate
: FFB produced (kt)
: FFB processed (kt)
: Maximum capacity FFB processed (kt)
Utilization Rate
111.7% 105.7% 117.0% 92.0% 75.0%
540
477 497
464
Nusantara Sawit Persada (NSP) Borneo Sawit Perdana (BSP) 402 421
390 400
380
360 360 360 360
~60 tons/hr ~60 tons/hr
255 270
~360,000 tons/pa ~360,000 tons/pa
Notes:
1) 20 hours of daily mill operation
2) 6 days in a week of mill operation
3) 300 days per year of mill operation 2021 2022 2023 2024 1H25
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Operational Advantages – Direct Piping System (2/4)
Strategically situated between Mentaya & Tualan rivers, NSP & BSP mills are optimally setup using direct piping system
Nusantara Sawit Persada (NSP) Direct Piping System Borneo Sawit Persada (BSP) Direct Piping System
1.6 km pipeline connects
the NSP mill to a
specialized terminal in
Kotawaringin Timur,
facilitating transportation of
CPO via pressured air to
reach the barge
NSP Special Terminal
Equipped with a special
terminal where barges
can dock ensuring more
efficient delivery system
without requiring trucks to
the nearest port
Located 30km from NSP still within the same region, the BSP mill has ~2.5
km direct piping system from the terminal, completed in 2Q24
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Operational Advantages – Direct Piping System (3/4)
Benefits of Direct Piping System Positive impact on financials
Lower Distribution Cost
Does not require land vehicles to transport palm oil to
the port located ~100km away from mills
Faster Delivery
Direct piping relies on natural force of gravity allowing
for shorter lead time vs. conventional trucking
Cheaper Maintenance
Robustly and economically built with minimal cost of
maintenance
Less Spillover
Since no land transport is required to deliver palm
oil products, minimizing accident and spillover risks
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Operational Advantages – R & D (4/4)
Description Research & Development
High-quality seed selection is R&D division conducts rigorous research and selects
paramount providing good genetic high-quality LonSum seeds generating the desired
traits aiding environmental adaptation, traits allowing for high production and suitable growth in
uniformity, disease resistance and our areas
superior growth, particularly producing
fruits with low fatty acid content
Fertilizer management is crucial for Fertilizer application is NSS R&D division’s main
plants, providing nutrition, program, generating the best formula, resulting in both
supporting adequate plant growth, and cost-efficiency and environmentally friendly planting
generating less pollution to the program
environment while maintaining cost
efficiencies
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Section 3
Leading Partners
&
Experienced Management
Page 16
Board of Commissioners
Robiyanto Ester H. Satyono Dr. Tungkot Sipayung
Commissioner President Commissioner Independent Commissioner
▪ Commissioner (2021 – Present) ▪ President Commissioner ▪ Independent Commissioner (2025 – Present)
▪ Audit Committee member at Samator (2022 – Present) ▪ Founder & Executive Director of PASPI
Indo Gas Tbk (2021 – 2022) ▪ Over three decades of experience (2013 – Present)
▪ Audit Committee member at in the agribusiness and fisheries ▪ Advisory Team Coordinating
Polytama Propindo, a subsidiary of industry Ministry of Economic Affairs
Pertamina (2020 – 2022) ▪ Commissioner of Ocean Mitramas addressing EU’s Renewable Energy
▪ Strategic Planning division at Aneka (2022 – Present) Directive policy
Gas Industri Tbk (2007 – 2018) ▪ Chair of Cross-Ministry team for
Indonesia’s Palm Oil Industry roadmap
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Board of Directors
Kurniadi Patriawan Teguh Patriawan Miniwati Kasmita
Director President Director Finance Director
▪ Director (2021 – Present) ▪ President Director (2008 – Present) ▪ Finance Director (2017 – Present)
▪ Over a decade of experience in the ▪ Over four decades of experience in ▪ Over three decades of experience in
palm oil industry the industry the industry
▪ Oversees Group’s business ▪ CEO at Binasawit Abadipratama ▪ AVP of Accounting division at
strategy, day-to-day operations, (1993 – 2008) Sinarmas Agro Resources &
and marketing ▪ President Director of Surya Dumai Technology Tbk (1990 – 2016)
▪ Assistant to President Director at Tbk (1986 – 1993) ▪ Accountant at Dharma Samudera
NSS ( 2011 – 2016) and Sales ▪ Director of Sola Gratia Group Tbk Fishing Industries (1989 – 1990)
Trading Manager (2016 – 2021) (1981 – 1986)
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Key Management
Over four decades of experience
1981 - 1984 1986 - 1993
Head of Bilateral Cooperation Planning President Director
Bureau of Department of Forestry Surya Dumai Group
Career history Concurrent positions
• PT Nusantara Sawit Persada
• PT Borneo Sawit Perdana
• PT Prasetya Mitra Muda
1981 - 1986 1993 - 2008 • PT Bina Sarana Sawit Utama
Teguh Patriawan Master’s program at PPM General Manager & Director CEO of Binasawit • PT Hamparan Mitra Abadi
• PT Agro Cipta Sawit Perdana
President Director Institute (1991) Sola Gratia Group Abadipratama • PT Pamitra Sawit Nusantara
Over 15 years of experience
2011 - 2016
Assistant of President Director at NSSS
Career history Concurrent positions
• PT Nusantara Sawit Persada
• PT Borneo Sawit Perdana
• PT Prasetya Mitra Muda
2016 - 2021 • PT Bina Sarana Sawit Utama
Manager of Trading at NSSS • PT Hamparan Mitra Abadi
Bachelor of Science from University of
Kurniadi Patriawan
California Los Angeles (2010)
Director
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Senior Executives
Petrus Herobe Evelyn Satyono
Corporate Secretary Head of Investor Relations
▪ Corporate Secretary (2021 – Present) & Head of ▪ Head of Investor Relations (2023 – Present)
Accounting (2008 – Present) ▪ More than 25 years experience in the
▪ Accounting Supervisor at Sinarmas Agro Indonesian capital market
Resources & Technology Tbk (2002 – 2008) ▪ BBA from University of Michigan and EMBA
▪ Bachelor of Accounting and Master of from Tsinghua University & INSEAD
Management from Atma Jaya University
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Solid Financial Ecosystem
Underwriters Banker Auditor
Auditor
As IPO joint-lead underwriters (BRI Bank Mandiri provides strategic business Our financial transparency is enhanced
Danareksa, Mirae Asset Sekuritas, financing for plantation expansions, by having globally recognized Big Four
Samuel Sekuritas, and Sucor infrastructure development, and firm EY as our auditor since 2018;
Sekuritas), structured the offering, increased production capacity verifying financial accuracy, and ensuring
attracted investors, and ensured a regulatory compliance, strengthening
smooth listing process investor confidence
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Committed to ESG
Indonesian Sustainable Palm Oil Certification Proper Waste Management
PMM
6,797 ha
BSP
8,257 ha
Qualified and secure waste management practices deliver environmental
benefits, including improved soil health and reduced pollution
HMA
Unplanted Owls for Natural Pest Control: Sustainable Solution
NSP
12,479 ha
BSSU
326 ha Since 2024, NSSS has built owl
shelters in its plantation areas
to leverage their natural hunting
abilities for sustainable rodent
control, supporting a balanced
ecosystem and organic crop
health management
As of December 2024, NSP, BSP and PMM are ISPO-Certified, aligning
with the Indonesian government’s commitment to achieve
Sustainable Development Goals (SDGs).
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Committed to CSR
Health Socio - Economic Education
▪ Operate integrated service posts for ▪ Build and establish employee ▪ Supply basic nursery & toddler
employees’ children’s healthcare housing care for employees’ children
▪ Construct clinics for the public ▪ Maintain roads along sites ▪ Fund teachers' salaries
▪ Provide water treatment facilities ▪ Increase participation of ▪ Arrange school
for clean drinking water distribution women in CPO industry transportation for
students
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Shareholders Structure and Stock Performance
Current Shareholders Structure (as of 30 June 2025) Closing Price (up to 25 Aug 2025)
450 1,000
Closing
IDR426 900
400
800
350 700
IDR/share
mn shares
600
300
500
IPO:
Public Shares 250
IDR127 400
(36.22%) PT Samuel 200 300
23.8 billion Tumbuh
Bersama 150
200
shares (43.58%) 100
100
0
Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
Volume Price
Relative Performance vs. JCI
PT Nusantara + 255.4%
Makmur
Ir. Teguh
Lestari
Patriawan
(9.52%)
(10.68%)
+ 49.0%
Source: Bloomberg IPO As of 25 Aug 2025
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Section 4 High Productivity, Strong Earnings
Page 25
1H25 Productivity Data
FFB Production QoQ YoY YoY Mill Performance QoQ YoY YoY
2Q25 1Q25 2Q24 1H25 1H24 2Q25 1Q25 2Q24 1H25 1H24
(tons) (%) (%) (%) (tons) (%) (%) (%)
Nucleus Processed FFB 143,768 125,923 109,787 14.2 31.0 269,691 212,955 26.6
132,836 121,969 104,968 8.9 26.5 254,805 206,451 23.4
CPO Production 30,804 28,094 23,637 9.6 30.3 58,898 45,921 28.3
Plasma
2,738 2,401 1,518 14.1 80.4 5,138 3,116 64.9
CPO OER (%) 21.4 22.3 21.5 (4.1) (0.5) 21.8 21.6 1.3
Total
135,574 124,370 106,486 9.0 27.3 259,944 209,567 24.0 PK Production 6,496 5,559 4,459 16.9 45.7 12,055 9,291 29.7
FFB Yield
(tons/ha) 5.1 4.7 4.0 8.9 25.8 9.7 7.9 22.7 KER (%) 4.5 4.4 4.4 1.3 9.0 4.5 4.4 2.4
(tons)
Nucleus Monthly FFB Production (tons) Monthly CPO Production
+36.3%
+12.0% +47.9% 12,000 +60.7% +42.4%
50,000 +2.5% +15.6%
+22.8% +27.8% +29.2% +0.1%
45,000 +36.3%
10,000
40,000
35,000 8,000
30,000
46,241
10,804
44,840
25,000 6,000
10,427
43,285
41,754
40,729
39,645
9,836
39,039
38,646
9,574
9,562
9,351
8,907
20,000
33,916
8,510
32,279
30,558
30,322
7,585
7,238
4,000
6,536
6,490
15,000
10,000 2,000
5,000
0 0
Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun
1H24 1H25 1H24 1H25
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1H25 Sales Volumes and ASPs
Sales Volumes QoQ YoY YoY Avg Selling QoQ YoY YoY
2Q25 1Q25 2Q24 1H25 1H24 2Q25 1Q25 2Q24 1H25 1H24
(tons) (%) (%) (%) Prices (IDR/kg) (%) (%) (%)
CPO 29,010 29,007 21,203 0.0 36.8 58,017 43,208 34.3 CPO 13,553 14,284 12,238 (5.1) 10.8 13,919 11,834 17.6
PK 6,349 5,719 4,537 11.0 39.9 12,068 9,168 31.6 PK 12,128 10,854 7,077 11.7 71.4 11,525 6,355 81.4
(Tons) (IDR/kg)
70,000 16,000
13,919 13,553
60,000 58,017 14,000
12,238 12,128
11,834 11,525
12,000
50,000
43,208
10,000
40,000
8,000 7,077
29,010 6,355
30,000
21,203 6,000
20,000
12,068 4,000
9,168
10,000 6,349
4,537 2,000
- -
1H24 1H25 2Q24 2Q25 1H24 1H25 2Q24 2Q25
CPO PK CPO PK
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1H25 Results – P&L
Profit & Loss QoQ YoY YoY
2Q25 1Q25 2Q24 1H25 1H24
(IDRbn) (%) (%) (%)
Revenues 470.2 476.4 291.6 (1.3) 61.2 946.6 569.6 66.2
Gross Profit 260.2 246.7 77.4 5.5 236.2 506.9 142.8 254.9
% margin 55.3 51.8 26.5 3.5 28.8 53.5 25.1 28.5
EBITDA 268.9 269.6 101.9 (0.3) 163.9 538.5 190.9 182.1
% margin 57.2 56.6 34.9 0.6 22.5 56.9 33.5 23.5
EBIT 230.8 229.2 64.1 0.7 260.3 460.0 117.7 290.8
% margin 49.1 48.1 22.0 1.0 27.1 48.6 20.7 27.9
Net Profit 152.1 162.2 16.3 (6.2) 830.3 314.3 22.1 1,322.2
% margin 32.3 34.0 5.6 (1.7) 28.4 33.2 3.9 29.3
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1H25 Results – P&L
Revenues (IDR bn) Gross Profit (IDR bn)
1600
+66.2% 700 +255.0%
1,490.0
1400 570.5 584.8
600
1,147.0 1,185.0 506.9
1200 1,134.0
500
1000 946.6 405.7
400
800 302.8
569.6 300
600
200 142.8
400
200 100
0 0
2021 2022 2023 2024 1H24 1H25 2021 2022 2023 2024 1H24 1H25
EBITDA (IDR bn) Net profit (IDR bn) +1,322.2%
800 +182.1% 350
706.0 304.6 314.3
700 662.0
300
600 538.5 245.3
250
500 437.0
200
400
330.0
150
300
190.9 100
200 70.2
100 50 22.1
2.1
0 0
2021 2022 2023 2024 1H24 1H25 2021 2022 2023 2024 1H24 1H25
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1H25 Results – Balance Sheet
Assets, Liabilities and Equity (IDR bn)
Balance Sheet 4,500
Jun’25 Jun’24 YoY (%)
(IDRbn)
4,000 3,880
3,699
3,500
Total Assets 3,880 3,699 4.9
3,000
2,614
2,500
Total Liabilities 2,202 2,614 (15.8) 2,202
2,000
1,678
1,500
Total Equity 1,678 1,085 54.7 1,085
1,000
Net Gearing (%) 79.5 159.6 (80.1) 500
-
Total Assets Total Liabilities Total Equity
Jun'24 Jun'25
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Global CPO Prices: 2000 - 25 YTD
(MYR/ton) Avg: MYR4,049 2025 YTD Avg: MYR4,380
2025-29 Avg:
7,600
6,600 Avg: MYR2,755
+31% +68%
-12% B40
5,600 Avg: MYR2,100
B2.5
Avg: MYR2,416
B50
4,600 B35
91%
91%
+62%
3,600
B30
B7.5 B20
B10
B15
2,600
Avg: MYR1,293
1,600
600
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Source: Bloomberg
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Q&A
Page 32
THANK YOU
Contact person:
Evelyn Satyono, Head of Investor Relations
Email: investor.relations@nssgroup.id
Website: nssgroup.id
DISCLAIMER: The information contained in this presentation is provided by PT Nusantara Sawit Sejahtera Tbk ("the Company") and is intended for informational purposes only. This
presentation does not constitute an offer or solicitation to buy or sell any securities of the Company. The financial and operational data presented herein are based on internal reports and
certain assumptions that are subject to change. While the Company endeavors to provide accurate and up-to-date information, no representation or warranty, express or implied, is made
as to the completeness, accuracy, or reliability of the information contained in this presentation. Recipients of this presentation should not rely solely on the information herein for any
purpose and are advised to conduct their own investigation and analysis and to seek their own professional advice. The Company expressly disclaims any liability for any direct, indirect,
or consequential losses or damages arising from the use of or reliance on this presentation or its contents.
nssgroup.id
Public Expose | 10 September 2025 32
Names mentioned 34 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Borneo
p.6
unresolved
org
PT Prasetya
p.6
unresolved
org
PT Bina Sarana
p.6
unresolved
org
PT Hamparan Sawit Persada
p.6
unresolved
person
H. Satyono
p.16
unresolved
org
PASPI Indo Gas Tbk
p.16
unresolved
org
Ministry of Economic Affairs Pertamina
p.16
unresolved
org
Gas Industri Tbk
p.16
unresolved
org
Technology Tbk
p.17 ×2
unresolved
org
Sola Gratia Group Tbk
p.17
unresolved
org
PT Nusantara Sawit Persada
p.18 ×2
unresolved
org
PT Borneo Sawit Perdana
p.18 ×2
unresolved
org
PT Prasetya Mitra Muda
p.18 ×2
unresolved
org
PT Bina Sarana Sawit Utama Teguh Patriawan
p.18
unresolved
person
CEO
· Director
p.18
unresolved
org
PT Hamparan Mitra Abadi
p.18
unresolved
org
PT Agro Cipta Sawit Perdana
p.18
unresolved
person
Institute
· President Director
p.18 ×2
unresolved
org
PT Pamitra Sawit Nusantara Over
p.18
unresolved
org
PT Bina Sarana Sawit Utama Manager
p.18
unresolved
org
PT Hamparan Mitra Abadi Bachelor
p.18
unresolved
org
PT Samuel
p.23
unresolved
org
Nusantara | + 255.4%
Makmur
p.23
unresolved
person
Ir. Teguh Lestari Patriawan
p.23
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