Investor Newsletter DSNG 12M15
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
DSN Group s CPO production in 2015 reached 407 thousand tons ,
for an increase 4.2% compared to production in 2014. Total FFB
production also rose to new high of 1.49 million tons for the full
year, or 8.2% higher compared to the 2014.
months of 2015, from an aggregate 2.93% in 2014 to 2.57% in the
current year.
The co pa y s CPO sales volume increased to 409.8 thousand tons
in the year, or 3.9% higher than the same period last year.
Total FFB Processed increased by 5.5% to 1.73 million tons , while
the CPO Oil Extraction Rate declined slightly to 23.60% from 23.90%
in 2014. FFA levels showed a marked improvement in the 12
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Number 13 | Januari 2016
Our realized ASP for CPO from January to December 2015 was
Rp. 6.86 million per ton, a decline of 17.1 % from Rp.8.27 million
per ton in 2014.
FY-2015
FY-2014
YoY%
Q1-2015
Q2-2015
Q3-2015
1,489,022
1,351,424
137,598
1,376,498
1,257,635
118,864
8.2
7.5
15.8
298,953
273,556
25,397
375,347
342,248
33,099
384,272
348,997
35,276
1,725,560
407,155
60,598
20,489
23.60
2.57
1,635,341
390,857
53,324
18,197
23.90
2.93
5.5
4.2
13.6
12.6
(1.3)
(12.0)
351,237
78,258
10,923
3,455
22.28
2.80
437,384
101,816
14,925
4,582
23.28
2.46
437,315
105,811
15,620
5,580
24.20
2.65
409,815
9,523
394,344
10,127
3.9
(6.0)
82,550
2,364
102,350
2,161
98,850
1,735
19,501
19,704
(1.0)
3,000
6,000
3,500
Q4-2015 QoQ%
430,450
386,623
43,827
12.0
10.8
24.2
499,623
121,269
19,130
6,871
24.27
2.45
14.2
14.6
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)
22.5
23.1
0.3
(7.5)
126,065 27.5
3,264 88.1
7000 100
* Unaudited
FFB PRODUCTION ('000 TONS)
CPO PRODUCTION ('000 TONS)
2015
2015
32.75
24.6
26.3
23.3
29.4
30.3
33.9
33.4
35.3
33.8
31.8
34.6
26.5
32.8
37.6
34.1
35.2
38.9
36.0
45.6
37.6
37.4
28.5
38.3
2014
112.5
94.5
88.0
89.2
102.8
115.2
116.5
117.5
122.2
130.4
112.5
127.4
96.8
121.9
131.9
122.1
121.9
140.3
123.5
160.3
139.0
133.7
109.1
136.4
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
KPB Medan 2014
Labanan 2014
AVERAGE SELLING PRICE (Rp 'million/ton)
8.73
7.58
8.73
8.89
9.07
7.58
7.78
7.79
8.82
7.16
8.39
8.34
7.33
7.51
8.36
7.66
Feb
Mar
Apr
May
DSNG Price is based on FOB Labanan Port Pricing
7.45
7.58
7.65
7.00
6.13
Jan
KPB Medan 2015
Labanan 2015
Jun
Jul
Aug
Sep
5.89
Oct
6.17
Nov
5.76
Dec
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
PLANTED AREA
As of December 2015, the co pa y s
total planted area, including nucleus
and plasma, reached 90,083
hectares, with average age of 6.6
years.
Planted
(as of December 2015)
(ha)
Planted Hectarage
Average
Age (yr)
Nucleus
7.5
51,783
17,508
Total Planted
(ha)
69,291
Plasma
3.3
6,261
14,532
20,792
Total
6.6
58,044
32,039
90,083
Matured (ha) Immatured (ha)
WOOD PRODUCTS BUSINESS
The ASP for the Co pa y s
FY-2015
wood products in this year
Sales Volume *
continued to improve with
Panel (m3)
179,567
panel and engineered doors
.higher by 7.1% and 1.1%
Engineered doors
61,948
(Pcs)
respectively. Engineered
Engineered flooring
flooring prices were up by
1,098,252
(M2)
11.4%. At the same time, the
volume outlook has declined.
Average Selling Price (ASP)*
Wood panel sales volume
Panel (Rp million /m3)
4.68
dropped by 11.0% to 180
Engineered doors
thousand m3, and sales of
1.25
(Rp million /pcs)
Engineered flooring also
declined by 4.2 % in the period. Engineered flooring
0.41
(Rp million /m2)
The volume of Engineered
* Unaudited
doors, however, increased by
20.4% compared to 2014.
% YoY
Q1-2015
Q2-2015
Q3-2015
Q4-2015
QoQ%
201,696
(11.0)
48,235
58,164
38,905
34,263
(11.9)
51,469
20.4
14,576
12,293
16,754
18,325
9.4
1,145,956
(4.2)
256,965
260,115
298,925
282,247
(5.6)
4.37
7.1
4.60
4.54
4.78
4.95
3.6
1.24
1.1
1.49
1.43
1.11
1.06
(3.9)
0.37
11.4
0.39
0.42
0.44
0,39
(11.4)
FY-2014
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 Group s CPO production in 2015 reached 407 thousand tons ,
for an increase 4.2% compared to production in 2014. Total FFB
production also rose to new high of 1.49 million tons for the full
year, or 8.2% higher compared to the 2014.
months of 2015, from an aggregate 2.93% in 2014 to 2.57% in the
current year.
The co pa y s CPO sales volume increased to 409.8 thousand tons
in the year, or 3.9% higher than the same period last year.
Total FFB Processed increased by 5.5% to 1.73 million tons , while
the CPO Oil Extraction Rate declined slightly to 23.60% from 23.90%
in 2014. FFA levels showed a marked improvement in the 12
Plantation Performance
FFB Production (ton)
- FFB Nucleus (ton)
- FFB Plasma (ton)
Number 13 | Januari 2016
Our realized ASP for CPO from January to December 2015 was
Rp. 6.86 million per ton, a decline of 17.1 % from Rp.8.27 million
per ton in 2014.
FY-2015
FY-2014
YoY%
Q1-2015
Q2-2015
Q3-2015
1,489,022
1,351,424
137,598
1,376,498
1,257,635
118,864
8.2
7.5
15.8
298,953
273,556
25,397
375,347
342,248
33,099
384,272
348,997
35,276
1,725,560
407,155
60,598
20,489
23.60
2.57
1,635,341
390,857
53,324
18,197
23.90
2.93
5.5
4.2
13.6
12.6
(1.3)
(12.0)
351,237
78,258
10,923
3,455
22.28
2.80
437,384
101,816
14,925
4,582
23.28
2.46
437,315
105,811
15,620
5,580
24.20
2.65
409,815
9,523
394,344
10,127
3.9
(6.0)
82,550
2,364
102,350
2,161
98,850
1,735
19,501
19,704
(1.0)
3,000
6,000
3,500
Q4-2015 QoQ%
430,450
386,623
43,827
12.0
10.8
24.2
499,623
121,269
19,130
6,871
24.27
2.45
14.2
14.6
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)
22.5
23.1
0.3
(7.5)
126,065 27.5
3,264 88.1
7000 100
* Unaudited
FFB PRODUCTION ('000 TONS)
CPO PRODUCTION ('000 TONS)
2015
2015
32.75
24.6
26.3
23.3
29.4
30.3
33.9
33.4
35.3
33.8
31.8
34.6
26.5
32.8
37.6
34.1
35.2
38.9
36.0
45.6
37.6
37.4
28.5
38.3
2014
112.5
94.5
88.0
89.2
102.8
115.2
116.5
117.5
122.2
130.4
112.5
127.4
96.8
121.9
131.9
122.1
121.9
140.3
123.5
160.3
139.0
133.7
109.1
136.4
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
KPB Medan 2014
Labanan 2014
AVERAGE SELLING PRICE (Rp 'million/ton)
8.73
7.58
8.73
8.89
9.07
7.58
7.78
7.79
8.82
7.16
8.39
8.34
7.33
7.51
8.36
7.66
Feb
Mar
Apr
May
DSNG Price is based on FOB Labanan Port Pricing
7.45
7.58
7.65
7.00
6.13
Jan
KPB Medan 2015
Labanan 2015
Jun
Jul
Aug
Sep
5.89
Oct
6.17
Nov
5.76
Dec
PT DHARMA SATYA NUSANTARA TBK (DSNG)
INVESTOR NEWSLETTER
PLANTED AREA
As of December 2015, the co pa y s
total planted area, including nucleus
and plasma, reached 90,083
hectares, with average age of 6.6
years.
Planted
(as of December 2015)
(ha)
Planted Hectarage
Average
Age (yr)
Nucleus
7.5
51,783
17,508
Total Planted
(ha)
69,291
Plasma
3.3
6,261
14,532
20,792
Total
6.6
58,044
32,039
90,083
Matured (ha) Immatured (ha)
WOOD PRODUCTS BUSINESS
The ASP for the Co pa y s
FY-2015
wood products in this year
Sales Volume *
continued to improve with
Panel (m3)
179,567
panel and engineered doors
.higher by 7.1% and 1.1%
Engineered doors
61,948
(Pcs)
respectively. Engineered
Engineered flooring
flooring prices were up by
1,098,252
(M2)
11.4%. At the same time, the
volume outlook has declined.
Average Selling Price (ASP)*
Wood panel sales volume
Panel (Rp million /m3)
4.68
dropped by 11.0% to 180
Engineered doors
thousand m3, and sales of
1.25
(Rp million /pcs)
Engineered flooring also
declined by 4.2 % in the period. Engineered flooring
0.41
(Rp million /m2)
The volume of Engineered
* Unaudited
doors, however, increased by
20.4% compared to 2014.
% YoY
Q1-2015
Q2-2015
Q3-2015
Q4-2015
QoQ%
201,696
(11.0)
48,235
58,164
38,905
34,263
(11.9)
51,469
20.4
14,576
12,293
16,754
18,325
9.4
1,145,956
(4.2)
256,965
260,115
298,925
282,247
(5.6)
4.37
7.1
4.60
4.54
4.78
4.95
3.6
1.24
1.1
1.49
1.43
1.11
1.06
(3.9)
0.37
11.4
0.39
0.42
0.44
0,39
(11.4)
FY-2014
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