Investor Newsletter 1H14 DSNG
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
DSN’s total FFB production in H1-2014 reached 654,365
tons, or an increase of 17.8% compared to H1-2013. Total
FFB processed also rose during the period, to 795,789 tons
or 32.6% higher compared to 2013, while our CPO
production reached 189,359 tons, for an increase of 30.2%
from the previous year. The company's CPO sales volume
17.8%
15.5%
51.6%
351,134
321,674
29,459
303,231
278,719
24,512
15.8%
15.4%
20.2%
1,240,819
1,152,611
88,207
600,353
145,397
18,931
4,262
24.22
2.60
32.6%
30.2%
27.7%
93.2%
-1.7%
6.2%
421,976
100,974
13,195
4,473
23.93
2.66
373,813
88,385
10,988
3,760
23,64
2.87
12.9%
14.2%
20.1%
19.0%
1.2%
-7.3%
1,380,528
335,730
43,277
13,482
24.32
2.67
147,693
12,512
3,200
30.6%
-60.0%
203.2%
103,267
2,476
3,001
89,554
2,533
6,701
15.3%
-2.3%
-55.2%
336,240
15,622
9,400
FY2013
2013
2014
Jul
Aug Sep
35,975
34,187
32,868
27,902
Feb Mar Apr May Jun
29,070
31,817
35,271
Jan
30,332
26,267
19,450
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
25,499
121,805
114,474
119,057
104,953
108,688
116,272
QoQ%
CPO PRODUCTION (TONS)
2014
32,747
2013
25,492
192,821
5,009
9,702
112,460
122,182
93,872
116,492
104,977
102,774
96,959
81,272
87,973
112,485
77,506
100,984
Q1-2014
33,886
795,789
189,359
24,183
8,233
23.80
2.76
FFB PRODUCTION (TONS)
Q2-2014
28,241
555,569
519,972
35,597
YoY%
29,370
654,365
600,393
53,972
Our CPO OER improved through second quarter, for an H1
yield of 23.80%. Our blended average FFA levels also
improved in second quarter, with an although overall FFA of
2.76%.
26,020
H1-2013
increased by 30.6%, to 192,821 tons.
20,695
H1-2014
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Mill Performance
FFB Processed (ton)
CPO Production(ton)
PK Production (ton)
PKO Production (ton)
CPO OER (%)
FFA (%)
Sales Performance
CPO (ton)
PK (ton)
PKO (ton)
Number 5 | July 2014
Oct Nov Dec
PLANTING PROGRAM
New Planting
H ‘
H ‘
%Δ
Q ‘
Q1 ‘
QoQ%
FY2013
Nucleus (ha)
2,128
2,920
-27.1%
1,235
893
38.3%
5,799
Plasma (ha)
1,370
1,276
7.4%
782
588
33.0%
3,392
Total (ha)
3,499
4,196
-16.6%
2,017
1,481
36.2%
9,190
Planted Hectarage
Planted (as of
June ‘14) (ha)
Average
Age (yr)
Mature
(ha)
Immature
Total
(ha)
Planted (ha)
Nucleus
7.5
48,038
11,953
59,991
Plasma
3.5
6,371
7,665
14,036
Total
6.7
54,409
19,618
74,027
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
CPO AVERAGE SELLING PRICE (Rp '000/ton)
10,000
9,500
9,000
8,500
8,000
7,500
7,000
6,500
6,000
5,500
8,732
8,729
8,888
9,069
Labanan 2013
Labanan 2014
KPB Medan 2013
KPB Medan 2014
8,818
8,390
8,307
7,640
6,639
6,733
6,632
6,716
Mar
Apr
May
Jun
6,314
5,906
Jan
Feb
6,999
6,906
Jul
Aug
7,916
7,044
Sep
Oct
Nov
Dec
1H-2013
%Δ
FY2013
134,358
-15.2%
244,642
DSNG Price is based on FOB Labanan Port Pricing
WOOD PRODUCTS BUSINESS
In the first half of 2014, wood panel
production volume declined by 15.2% to
113,889 m3 compare to the same
period in 2013. At the same time, the
Average Selling Price (ASP) of our wood
panels rose by 17.9%. Engineered Door
production volume also declined by
10.9% in the period, with ASPs higher
by 22.2%. Meanwhile both the volume
and ASP of our Engineered Flooring
product increased by 7.9% and 24.2%
respectively in the first six months this
year.
1H-2014
Sales Volume
Panel (m3)
Engineered doors (Pcs)
113,889
25,897
29,066
-10.9%
51,989
599,815
556,066
7.9%
1,073,412
Panel (Rp million /m3)
4.30
3.64
17.9%
3.97
Engineered doors (Rp million /pcs)
1.19
0.98
22.2%
1.06
Engineered flooring (Rp million /m2)
0.36
0.29
24.2%
0.31
Engineered flooring (M2)
Average Selling Price
DISCLAIMER: The views expressed here contain information derived from publicly available sources that have not been independently
verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking
information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by PT. Dharma Satya Nusantara Tbk. Nothing in this release
should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Rawa Gelam V Kav OR/3B Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
INVESTOR NEWSLETTER
DSN’s total FFB production in H1-2014 reached 654,365
tons, or an increase of 17.8% compared to H1-2013. Total
FFB processed also rose during the period, to 795,789 tons
or 32.6% higher compared to 2013, while our CPO
production reached 189,359 tons, for an increase of 30.2%
from the previous year. The company's CPO sales volume
17.8%
15.5%
51.6%
351,134
321,674
29,459
303,231
278,719
24,512
15.8%
15.4%
20.2%
1,240,819
1,152,611
88,207
600,353
145,397
18,931
4,262
24.22
2.60
32.6%
30.2%
27.7%
93.2%
-1.7%
6.2%
421,976
100,974
13,195
4,473
23.93
2.66
373,813
88,385
10,988
3,760
23,64
2.87
12.9%
14.2%
20.1%
19.0%
1.2%
-7.3%
1,380,528
335,730
43,277
13,482
24.32
2.67
147,693
12,512
3,200
30.6%
-60.0%
203.2%
103,267
2,476
3,001
89,554
2,533
6,701
15.3%
-2.3%
-55.2%
336,240
15,622
9,400
FY2013
2013
2014
Jul
Aug Sep
35,975
34,187
32,868
27,902
Feb Mar Apr May Jun
29,070
31,817
35,271
Jan
30,332
26,267
19,450
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
25,499
121,805
114,474
119,057
104,953
108,688
116,272
QoQ%
CPO PRODUCTION (TONS)
2014
32,747
2013
25,492
192,821
5,009
9,702
112,460
122,182
93,872
116,492
104,977
102,774
96,959
81,272
87,973
112,485
77,506
100,984
Q1-2014
33,886
795,789
189,359
24,183
8,233
23.80
2.76
FFB PRODUCTION (TONS)
Q2-2014
28,241
555,569
519,972
35,597
YoY%
29,370
654,365
600,393
53,972
Our CPO OER improved through second quarter, for an H1
yield of 23.80%. Our blended average FFA levels also
improved in second quarter, with an although overall FFA of
2.76%.
26,020
H1-2013
increased by 30.6%, to 192,821 tons.
20,695
H1-2014
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Mill Performance
FFB Processed (ton)
CPO Production(ton)
PK Production (ton)
PKO Production (ton)
CPO OER (%)
FFA (%)
Sales Performance
CPO (ton)
PK (ton)
PKO (ton)
Number 5 | July 2014
Oct Nov Dec
PLANTING PROGRAM
New Planting
H ‘
H ‘
%Δ
Q ‘
Q1 ‘
QoQ%
FY2013
Nucleus (ha)
2,128
2,920
-27.1%
1,235
893
38.3%
5,799
Plasma (ha)
1,370
1,276
7.4%
782
588
33.0%
3,392
Total (ha)
3,499
4,196
-16.6%
2,017
1,481
36.2%
9,190
Planted Hectarage
Planted (as of
June ‘14) (ha)
Average
Age (yr)
Mature
(ha)
Immature
Total
(ha)
Planted (ha)
Nucleus
7.5
48,038
11,953
59,991
Plasma
3.5
6,371
7,665
14,036
Total
6.7
54,409
19,618
74,027
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
CPO AVERAGE SELLING PRICE (Rp '000/ton)
10,000
9,500
9,000
8,500
8,000
7,500
7,000
6,500
6,000
5,500
8,732
8,729
8,888
9,069
Labanan 2013
Labanan 2014
KPB Medan 2013
KPB Medan 2014
8,818
8,390
8,307
7,640
6,639
6,733
6,632
6,716
Mar
Apr
May
Jun
6,314
5,906
Jan
Feb
6,999
6,906
Jul
Aug
7,916
7,044
Sep
Oct
Nov
Dec
1H-2013
%Δ
FY2013
134,358
-15.2%
244,642
DSNG Price is based on FOB Labanan Port Pricing
WOOD PRODUCTS BUSINESS
In the first half of 2014, wood panel
production volume declined by 15.2% to
113,889 m3 compare to the same
period in 2013. At the same time, the
Average Selling Price (ASP) of our wood
panels rose by 17.9%. Engineered Door
production volume also declined by
10.9% in the period, with ASPs higher
by 22.2%. Meanwhile both the volume
and ASP of our Engineered Flooring
product increased by 7.9% and 24.2%
respectively in the first six months this
year.
1H-2014
Sales Volume
Panel (m3)
Engineered doors (Pcs)
113,889
25,897
29,066
-10.9%
51,989
599,815
556,066
7.9%
1,073,412
Panel (Rp million /m3)
4.30
3.64
17.9%
3.97
Engineered doors (Rp million /pcs)
1.19
0.98
22.2%
1.06
Engineered flooring (Rp million /m2)
0.36
0.29
24.2%
0.31
Engineered flooring (M2)
Average Selling Price
DISCLAIMER: The views expressed here contain information derived from publicly available sources that have not been independently
verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking
information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by PT. Dharma Satya Nusantara Tbk. Nothing in this release
should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Rawa Gelam V Kav OR/3B Kawasan Industri Pulogadung, Jakarta 13930 Indonesia