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Page 1
PT Nusantara Sawit Sejahtera Tbk Public Expose 16 December 2024
Page 2
NSSS Company Presentation
Table of Contents
1 Company Overview
2 Operational Highlights
4 Financial Highlights
5 Q&A Questions
www.nssgroup.id 2
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Section 1 Company Overview
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NSSS Company Presentation
Company Brief
Established in 2008 and listed on the IDX in March 2023, PT Nusantara Sawit Sejahtera Tbk (NSSS), comprises of five
upstream integrated plantation companies. Covering a combined area of planted and unplanted nucleus area of 43,000
hectares in Central Kalimantan, the company is committed to producing high-quality palm oil products by adhering to best
cultivation practices.
Vision Mission
To become a world-class and leading CPO producer that • To align our business practices with the highest social and
ensures responsibility and sustainability through environmental standards.
continuous operating improvements, natural resources • To elevate the lives of our workforce and surrounding
development and welfare enhancement of stakeholders communities.
and surrounding communities. • To implement good corporate governance, enhancing the
value of stakeholders and shareholders. 4
Core Values
www.nssgroup.id 4
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NSSS Company Presentation
Shareholders Structure and Stock Performance
Shareholders structure Current stock price (IDR 276), since IPO – YTD (+117.3%)
PT Nusantara 300
Ir. Teguh
Makmur
Patriawan 250
Lestari 9.6%
10.3%
200
150
100
May'23
Oct'23
Jan'24
Oct'24
Dec'23
May'24
Dec'24
Mar'23
Jun'23
Jul'23
Sep'23
Mar'24
Jun'24
Jul'24
Sep'24
Aug'23
Feb'24
Aug'24
Nov'23
Nov'24
Apr'23
Apr'24
Total Shares: Relative share price performance to IHSG (change to YTD)
23.8bn 60.0 53.8
PT Samuel
Tumbuh Others
50.0
Bersama 41.3%
38.8% 40.0
30.0 24.9
20.0
As of Nov '24, PT Samuel Tumbuh Bersama increased ownerships in 9.4
10.0 7.2 5.7
NSSS, acquiring additional 12.48% from PT Mitra Agro Dharma Unggul
0.0
YTD 9M24 6M24 3M24 2023
www.nssgroup.id 5
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NSSS Company Presentation
9M24 Group Structure
Planted area of approx. 27,000 ha and nucleus landbank of approx. 18,000 ha
99.9% 99.9% 99.9% 99.9% 99.9%
PT Nusantara PT Borneo Sawit PT Prasetya Mitra PT Hamparan PT Bina Sarana
Sawit Persada Perdana Muda Mitra Abadi Sawit Utama
(NSP) (BSP) (PMM) (HMA) (BSSU)
Planted Nucleus Planted Nucleus Planted Nucleus Unplanted
Unplanted
~12,390 ha ~8,257 ha ~6,431 ha
Kotawaringin Timur Kotawaringin Timur
Gunung Mas Kapuas Kapuas
1st CPO Mill 2nd CPO Mill
>3,615 ha landbank >7,918 ha landbank >6,603 ha landbank
(Capacity 60 tons/hour) (Capacity 60 tons/hour)
www.nssgroup.id 6
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NSSS Company Presentation
Board of Commissioners and Directors
Ester H. Satyono | President Commissioner Teguh Patriawan | President Director
o Since 2022, Mrs. Ester Hartati Satyono has served o Since 2008, Mr. Teguh Patriawan has served as
as President Commissioner President Director
o Bachelor’s degree from University of San o Master’s degree from PPM Institute in 1991 and
Francisco in 1975 Bachelor's degree from Gadjah Mada University
Robiyanto | Commissioner Kurniadi Patriawan | Director
o Since 2021, Mr. Robiyanto has served as Commissioner o Since 2021, Mr. Kurniadi Patriawan has served as
Director
o Doctoral degree in Economics from Diponegoro
University in 2015 and Doctoral degree in o Bachelor's from University of California, Los Angeles
Environmental Science from Soegijapranata Catholic
University in 2021
Dr. Ir. Tungkot Sipayung | Independent Commissioner Miniwati Kasmita | Finance Director
o Newly appointed, Mr. Tungkot Sipayung will serve as o Since 2017, Ms. Miniwati Kasmita has served as
an Independent Commissioner Finance Director
o Doctoral degree in Development Extension Studies o Bachelor's degree from Unika Atmajaya in 1990
from Bogor Agricultural University
in 2000
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NSSS Company Presentation
Key Management
Teguh Patriawan >Four-decade experience, ex-Sinarmas group and responsible for ±115k ha of palm plantations planting
President Director
1981-1984
Head of bilateral cooperation 1986-1993 Also serves as
Planning bureau of the department of President Director of Surya Dumai Group Director of:
forestry
Career History Concurrent Positions
• PT Nusantara Sawit Persada
• PT Borneo Sawit Perdana
Completed his master’s • PT Prasetya Mitra Muda
from the PPM Institute in 1991 1981-1986 1993-2008 • PT Bina Sarana Sawit Utama
General Manager & Director of Sola CEO of PT Binasawit • PT Hamparan Mitra Abadi
Gratia Group Abadipratama • PT Agro Cipta Sawit Perdana
• PT Pamitra Sawit Nusantara
Kurniadi Patriawan >12 years experience
Director
2011-2016
Assistant of President Director at NSSS
Career History
Completed his bachelor’s 2016-2021
from the University of California in 2010 Manager of Trading at NSSS
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NSSS Company Presentation
Senior Executives
Evelyn Satyono | Head of Investor Relations Petrus Herobe | Corporate Secretary
o More than 25 years experience in the o Served as Corporate Secretary
Indonesian Capital market since September 2021
o Served as Head of Investor Relations o Bachelor of Accounting and Masters of
since March 2023 Management from Atma Jaya University
o Bachelor of Business Administration from
University of Michigan and MBA from
Tsinghua University and INSEAD
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NSSS Company Presentation
Key Advantages
Young average plant age
With young average plant age, NSSS enjoys a more productive stage with ~10,000 ha entering
the age of >10 years while best practice R&D in seed-selection and fertilizer management
ensures growth sustainability ahead.
Benefits from FFB processed increase, new mill and efficient delivery system
Anticipate a jump in FFB yields on the back of NSSS transitioning into prime plantations age,
its second mill doubling production capacity.
Strategic location for easy access to seaport
Strategically situated between the Mentaya & Tualan rivers, NSP & BSP mills have direct piping
system lowering transportation costs and supporting margins.
High CPO quality
Operational excellence practice and appropriate fertilizer application to maintain its high CPO
quality
Seasoned management team
Established by expert Teguh Patriawan, who has been in the industry for four decades, his
legacy in NSSS is secured through a succession plan with his son Kurniadi Patriawan.
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NSSS Company Presentation
Effective Delivery System
Strategically situated between Mentaya & Tualan rivers, NSP & BSP mills have direct piping system
Direct piping system advantages NSP mill with direct piping system BSP mill with direct piping system
Capacity of 60 tph with total area of 40 ha,
commenced its operations in Dec’23
Low distribution cost
Faster delivery
Direct piping system
1.6 km pipeline directly connects NSP mill to a BSP mill - running
specialized terminal in Kotawaringin Timur,
Low maintenance facilitating transportation of CPO via Second special terminal, completed Jun’24 is
pressured air to reach the barge equipped with direct piping system from the
mill, resulting in improved efficiency and
reduced transportation costs
Zero spillover
These advantages yield the
highest cost savings for NSSS Special terminal Special terminal
www.nssgroup.id 11
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NSSS Company Presentation
CSR Commitments
EDUCATION
ECONOMIC
SOCIAL &
HEALTH
✓ Start integrated service posts for the ✓ Provide basic nursery & toddler care ✓ Construct and provide employee
toddlers’ public health program for employee’s children housing
✓ Construct clinics for public health ✓ Fund teachers' salaries ✓ Road maintenance along the site
✓ Arrange water treatment facilities ✓ Provide school buses for the ✓ Increase the participation of women
for distribution of clean drinking transportation of students in the CPO industry
water
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NSSS Company Presentation
ESG Commitments
ISPO Implementation Proper Waste Management
8% PMM
.
70
9,829 ha
BSP
8,259 ha
Qualified and secure waste management provide environmental
benefits.
ON PRO
HMA
7,918 ha
Owls for natural pest control: a sustainable solution
NSP
12,390 ha Beginning 2024, NSSS started
BSSU
6,603 ha
building owl shelters in its
G plantation areas, leveraging
RE their natural hunting abilities to
SS sustainably manage rodent
populations. This supports
balanced ecosystem and
organic methods to maintain
crop health.
NSSS management, in line with the Indonesian government’s effort to
achieve Sustainable Development Goals (SDG’s), is fully committed to
ensure all its plantations have ISPO certifications by 2027; as of 9M247,
70.8% of NSSS plantations were ISPO certified.
www.nssgroup.id 13
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Section 2 Operational Highlights
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NSSS Company Presentation
9M24 Nucleus Plantation Overview
Young age profile of 9.3 years
Mature
Immature
Young Prime Optimal Prime
8,000
3.8%
1,023 ha 8,689 ha 17,368 ha
6,000 Young
Plantation Area (ha)
32.1% Prime
(5-9 years)
Optimal
Prime 27,080ha
4,000 (10-15
Years) 64.1%
2,000
0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
*NSSS’ plasma area of 1,643 ha consisting of 660 ha mature area and
Age (years) 983 ha immature area
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NSSS Company Presentation
9M24 FFB Production
Quarterly: FFB production (nucleus) 9M: FFB production (nucleus)
-4.6% -0.2%
+21.7%
133,924 Improved quarterly
127,765 340,705 FFB production upon
104,968 334,216
entering prime age
tons
tons
maximizing output
3Q23 2Q24 3Q24 9M23 9M24
Quarterly: FFB production (plasma) 9M: FFB production (plasma)
+32.1% +23.1%
+40.6%
5,249
2,133
4,263
1,615 1,518
tons
tons
3Q23 2Q24 3Q24 9M23 9M24
www.nssgroup.id 16
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NSSS Company Presentation
9M24 CPO Production
Quarterly: CPO production 9M: CPO production
+12.4% +10.7%
+20.1%
28,394 74,314 Improved CPO and
25,250 67,104
23,637 PK production upon
NSSS’ second CPO
tons
tons
Mill commencing
Dec’23
3Q23 2Q24 3Q24 9M23 9M24
Quarterly: PK production 9M: PK production
+4.9% +6.0%
+25.8%
5,350 5,612
4,459
14,903
tons
14,044
tons
3Q23 2Q24 3Q24 9M23 9M24
www.nssgroup.id 17
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NSSS Company Presentation
Global CPO Price
(MYR)
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-
2004 2008 2012 2016 2020 2024
www.nssgroup.id 18
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NSSS Company Presentation
Operational Summary
3Q24 2Q24 3Q23 QoQ (%) YoY (%) 9M24 9M23 YoY (%)
Plantations Performance
Total FFB Production (tons)
Nucleus (tons) 127,765 104,968 133,924 21.7 (4.6) 334,216 340,705 (1.9)
Plasma (tons) 2,133 1,518 1,615 40.6 32.1 5,249 4,263 23.1
FFB Yield (%) 4.9 4.0 5.2 - - 12.8 13.3 -
Mill Performance
FFB Processed (tons) 135,396 109,787 115,068 23.3 17.7 348,351 307,352 13.3
CPO Production (tons) 28,394 23,637 25,250 20.1 12.4 74,314 67,104 10.7
CPO OER (%) 21.0 21.5 21.9 - - 21.3 21.8 -
PK Production (tons) 5,612 4,459 5,350 25.8 4.9 14,903 14,044 6.1
KER (%) 4.1 4.1 4.6 - - 4.3 4.6 -
Sales Volumes
CPO 27,007 21,203 27,713 27.4 (2.5) 70,215 69,251 1.4
PK 5,367 4,537 5,487 18.3 (2.2) 14,535 14,030 3.6
FFB - - 19,855 - - - 36,487 -
Average Selling Price
CPO 12,609 12,238 10,565 3.0 19.3 12,132 10,818 12.1
PK 8,332 7,077 4,750 17.7 75.4 7,085 5,051 40.3
FFB - - 2,068 - - - 1,973 -
www.nssgroup.id 19
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Section 3 Financial Highlights
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NSSS Company Presentation
9M24 Revenue and ASP
Quarterly: Revenue 9M: Revenue
+7.0% +7.0%
+32.1%
955
360 385 Due to weather and
892
292 supply factors, ASP
IDRbn
IDRbn
rose significantly,
resulting in better
top-line.
3Q23 2Q24 3Q24 9M23 9M24
Quarterly: CPO ASP 9M: CPO ASP
+19.3% +12.1%
+3.0%
12,609
12,238
12,132
IDRbn
IDRbn
10,565
10,818
3Q23 2Q24 3Q24 9M23 9M24
www.nssgroup.id 21
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NSSS Company Presentation
9M24 EBITDA & Net Profit
Quarterly: EBITDA 9M: EBITDA
+102.4% +91.8%
+116.1%
220 411 Huge turn-around in
9M24 NSSS net profit,
IDRbn
IDRbn
109 102 214 driven by strong CPO
ASP increase as well
as reduction in COGS
3Q23 2Q24 3Q24 9M23 9M24
Quarterly: Net profit 9M: Net Profit
+395.9%
+593.0%
113
135
IDRbn
IDRbn
23 16
(34)
3Q23 2Q24 3Q24 9M23 9M24
www.nssgroup.id 22
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NSSS Company Presentation Financial Summary Profit & Loss (IDRbn) 3Q24 2Q24 3Q23 QoQ (%) YoY (%) 9M24 9M23 YoY (%) Revenue 385 292 360 32.1 7.0 955 892 7.0 Gross profit 165 77 77 113.0 113.4 308 176 75.2 % margin 42.8 26.5 21.5 32.2 19.7 EBITDA 220 102 109 116.1 102.4 411 214 91.8 % margin 57.1 34.9 30.2 43.0 24.0 Operating profit 178 61 55 192.1 220.2 290 93 212.5 % margin 46.1 20.9 15.4 30.4 10.4 Net profit 113 16 23 593.0 395.9 135 (34) - % margin 29.4 5.6 6.3 14.2 - Balance Sheet (IDRbn) Sep'24 Dec'23 Total Asset 3,736 3,672 Total Liabilities 2,538 2,611 Total Equity 1,198 1,061 Net Gearing (%) 137.2 175.5 www.nssgroup.id 23
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Section 4 Q&A Session
Page 25
THANK YOU
PT Nusantara Sawit Sejahtera Tbk
https://nssgroup.id/
For more information, please contact:
Investor Relations Team
Office: +62 21 8354045
Email: investor.relations@nssgroup.id
DISCLAIMER: This presentation has been prepared by PT Nusantara Sawit Sejahtera Tbk (“NSSS”) and is circulated for the purpose of general
information only. It is not intended for any specific person or purpose and does not constitute a recommendation, offer or solicitation to buy or
sell securities of the Company. No warranty (expressed or implied) is made as to the accuracy or completeness of the information provided. Any
forward-looking information in this presentation has been made on the basis of a number of assumptions made by the management subject to
uncertainties not within the control of the Company. Neither NSSS or any of their affiliates, Directors, officers nor employees accepts any liability
whatsoever (in negligence, for misrepresentation, in tort, under contract or otherwise) for any loss howsoever arising from the information
contained in this release.
Names mentioned 27 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Ir. Teguh Makmur Patriawan
p.5
unresolved
org
PT Mitra Agro Dharma Unggul
p.5
unresolved
org
PT Borneo Sawit
p.6
unresolved
org
PT Prasetya Mitra
p.6
unresolved
org
PT Hamparan
p.6
unresolved
org
PT Bina Sarana Sawit Persada
p.6
unresolved
person
H. Satyono
p.7
unresolved
org
PT Nusantara Sawit Persada
p.8
unresolved
org
PT Borneo Sawit Perdana Completed
p.8
unresolved
org
PT Prasetya Mitra Muda
p.8
unresolved
org
PT Bina Sarana Sawit Utama General Manager
p.8
unresolved
org
PT Binasawit
p.8
unresolved
org
PT Hamparan Mitra Abadi Gratia Group
p.8
unresolved
org
PT Agro Cipta Sawit Perdana
p.8
unresolved
org
PT Pamitra Sawit Nusantara Kurniadi Patriawan
p.8
unresolved
—
Served
· Corporate Secretary
p.9
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