Jakarta, 17 November 2015

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Todd Augustus Howard
6 years ago
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1 Public Expose Jakarta, 17 November 2015

2 Milestones 1911 Established as rubber plantation and processing company 1986 Acquired by Bakrie & Brothers 1987 Diversify into palm oil via establishment of North Sumatra Unit 1990 Listed on the JakartaStock Exchange and Surabaya Stock Exchange 1991 Renamed to PT Bakrie Sumatera Plantations Tbk 2003 Obtained ISO 9001 Quality Management System Certification 2004 Stock Split and Rights Issue I 2005 ISO Environmental lmanagement tsystem Certification 2007 Rights Issue II and Warrant series 1 Establishment of Agri Resources BV palm plantation in Sumatra OHSAS Safety & Health Management System 2008 Expansion to Kalimantan via establishment of IGI Ltd 2010 Rights Issue III and Warrant series 2 Further expansion into palm oil and rubber Entered oleochemical business Cooperation with ASD Costa Rica in developing seed garden Obtained RSPO Certification for North Sumatera Unit year anniversary of UNSP year anniversary of Bakrie Group 2013 Obtained RSPO Certification for Jambi Unit Obtained ISPO Certification for Jambi Unit 2015 Obtained ISPO Certification for North Sumatera Unit Obtained ISPO Certification for West tsumatera Unit and other units are in progress PK 9.5% Rubber 24.5% FFB 0.9% CPO 65.1% UNSP 9m15 Revenue Contribution 2

3 Estates and Mills * Dt Data up to Sept t2015 Planted Hectarage (Ha) Palm Oil Nucleus BSP Kisaran North Sumatra 9,897 GLP North Sumatra 7,728 BPP West Sumatra 8,743 CCI West Sumatra 2,030 AGW Jambi 4,418 SNP Jambi 7,039 MIB South Kalimantan 6,053 Total Palm Oil Nucleus 45,907 Palm Oil Plasma BPP West Sumatra 6,304 AGW Jambi 7,701 Total Palm Oil Plasma 14,005 NAGROE ACEH DARUSSALAM NORTH SUMATRA WEST SUMATRA RIAU BATAM JAMBI SOUTH SUMATRA WEST KALIMANTAN BRUNEI MALAYSIA EAST KALIMANTAN CENTRAL KALIMANTAN SOUTH KALIMANTAN Rubber BSP Kisaran North Sumatra 10,855 AMR Bengkulu 2,610 JOP Bengkulu 2,432 HIM Lampung 3,696 Total Rubber 19,593 BENGKULU LAMPUNG JAKARTA CENTRAL JAVA WEST JAVA YOGYAKARTA MADURA Total Planted 79,505 EAST JAVA Mills and Factories Output Capacity p.a. End Products Location CPO Mills (5) 282,240 MT Crude Palm Oil N.Sumatera (2), W.Sumatera, Jambi (2) Rubber Factories (4) 49,519 MT Natural Rubber N. Sumatera, S.Sumatera, Bengkulu, Lampung Fatty Acid FSC 52,000 MT Fatty Acid, Glycerin N.Sumatera Tanjung Morawa Fatty Acid I 101,000 MT Fatty Acid, Glycerin N.Sumatera Kuala Tanjung Fatty Alcohol I 33,000 MT Fatty Alcohol N.Sumatera Kuala Tanjung Fatty Acid II 86,000 MT Fatty Acid, Glycerin N.Sumatera Kuala Tanjung Fatty Alcohol II 100,000 MT Fatty Alcohol N.Sumatera Kuala Tanjung CPO Refinery 464,000 MT Olein, Stearin, PFAD N.Sumatera Kuala Tanjung Kernel Crusher 158,000 MT Crude Palm Kernel Oil N.Sumatera Kuala Tanjung 79,505 Ha planted, with 84 % mature and 16 % immature 10 factories with 383,700 MT of output per year ISO and RSPO sustainability compliant 15,200 employees 3

4 Production Summary Palm Oil FFB Production (MT) FY13 FY14 9M14 9M15 %Change Nucleus 507, , , ,879 4% Nucleus yield/ha % Plasma 193, , , ,999 19% Plasma yield/ha % Purchased 329, , , ,303 11% Total FFB Supply 1,030,472 1,071, , ,181 6% Mill Production (MT) CPO 196, , , ,265 9% CPO Extraction Rate 20.4% 20.2% 20.4% 20.0% 2% Palm Kernel 43,753 46,727 35,612 32,408 9% Kernel Extraction Rate 4.5% 4.4% 4.5% 4.3% 3% Compared to 9M14 as of 9M15, FFB production from nucleus plantation increased by 4% to 354,879 tons while FFB from plasma and purchase decline quite significantly UNSP Estates Profile UNSP CPO Production ( 000 Ton) Planted Area (Ha) 9M15 Palm Nucleus Mature 38,000 Immature 7,907 Nucleus Planted 45,907 Immature 14% ,6 215,4 163,1 149,3 Palm Plasma Plasma Mature 13,296 Plasma Immature 709 Plasma Planted 14,005 Total Planted Area 59, Mature 86% FY13 FY14 9M14 9M15 4

5 Production Summary Rubber Field Production (MT) FY13 FY14 9M14 9M15 %Change Nucleus 20,170 20,362 14,706 15,212 3% Nucleus yield/ha % Purchased 997 6,253 4, ,624 4% Total Field Rubber Supply 21,167 26,615 19,142 19,836 4% Factory Production (MT) Nature Rubber 19,709 25,884 18,787 18,486 2% Compared to 9M14 as of 9M15, Field Rubber Supply increased by 4% to 19,836 tons from higher nucleus production and thirdparty purchase UNSP Estate Profile UNSP Rubber Production ( 000 Ton) Planted Area (Ha) 9M15 Rubber Nucleus Mature 15,402 Immature 4,191 Immature 21% ,9 19,7 18,88 18,5 Total Planted Area 19,593 Mature 79% FY13 FY14 9M14 9M15 5

6 Financial Summary Sales Detail Sales Revenue (in IDR bn) FY13 FY14 9M14 9M15 FFB CPO 1,305 1,790 1,372 1,035 PK Rubber Oleo 4 Total 2,076 2,637 2,028 1,590 Sales Volume (MT) FFB 48,217 17,811 12,859 12,051 CPO 205, , , ,603 PK 42,862 47,310 35,473 32,367 Rubber 20,542 25,995 19,000 19,803 Oleo 800 Average Selling Price (USD/MT) FY13 FY14 9M14 9M15 %Change FFB % CPO % PK % Rubber 2,566 1,871 1,986 1,481 25% Oleo 474 Product Sales Contribution FY13 FY14 9M14 9M15 FFB 2.8% 1.0% 1.0% 0.9% CPO 62.8% 67.9% 67.7% 65.1% PK 7.6% 9.2% 9.5% 9.5% Rubber 26.5% 21.9% 21.9% 24.5% Oleo 0.2% UNSP CPO Sales Volume ( 000 Ton) ,1 218, ,8 146, FY13 FY14 9M14 9M15 UNSP Average Selling Prices (USD/Ton) Rubber CPO FY13 FY14 9M14 9M15 6

7 Consolidated Financial Summary Profit & Loss (in IDR bn) FY13 FY14 9M14 9M15 Sales 2,076 2,637 2,028 1,590 Gross Profit Operating Income EBITDA Net Income (Loss) Current Period 2, Margins Gross Margin 28% 28% 28% 26% Operating Margin 10% 12% 14% 6% EBITDA Margin 17% 19% 21% 14% Compared to 9M14, weaker 9M15 resulting from weaker commodities prices and lower third party purchase Balance Sheet (in IDRb bn) FY13 FY14 9M14 9M15 Current Assets 3,460 2,597 3,391 1,573 Non Current Assets 14,555 14,844 14,823 15,687 Total Assets 18,015 17,442 18,214 17,260 Current Liabilities 6,359 7,700 7,804 8,095 Non Current Liabilities 6,789 5,588 5,673 6,182 Total Liabilities 13,148 13,287 13,477 14,277 Equity 4,867 4,154 4,737 2,983 Total Liabilities and Equity 18,015 17,442 18,214 17,260 7

8 Overview, Challenge, and Strategy Overview of Palm Oil and Rubber We have a view of continuing stable global demand for palm oil and rubber driven by continuous use of such in consumer goods products Even though the short term price trends remain concern, we have a view of positively stable prices for the medium and long term Focus on Sustainable Productivity and Profitability We acknowledge our current challenges to improve productivity and profitability, we therefore are committed to: Improve and optimize the estate management system; including but not limited to better progeny, field operation, water management, tree age management, pest control, etc Improve quality of infrastructure, both production and support facilities Reduce debt and its related costs Oleochemical / Downstream Business Revitalization program of our Oleochemical project is on going 8

Thank You Visit our website at: www.bakriesumatera.com Address: Contact: PT Bakrie Sumatera Plantations Tbk Fitri Barnas Andi W.

9 Thank You Visit our website at: Address: Contact: PT Bakrie Sumatera Plantations Tbk Fitri Barnas Andi W. Setianto Corporate Center Kompleks Rasuna Epicentrum Corporate Secretary e mail fitrib@bakriesumatera.com Harris J. Wahyu M. Husna Mubaraq Bakrie Tower 18th 19th 19th floor office Investor Relations Team Jl. H.R. Rasuna Said e mail : andi.setianto@bakriesumatera.com Jakarta 12960, Indonesia harris.wahyu@bakriesumatera.com husna@bakriesumatera.com office Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. Any forward looking statements are based on estimation, the realization thereof may deviate. PT Bakrie Sumatera Plantations Tbk accepts no liability whatsoever with respect to the use of this document or its contents. 9

Jakarta, 21 December 2017

Public Expose Jakarta, 21 December 2017 Today s Agenda Quick c History 1911 2017 Shareholders & Management Assets Performance Going Forward 2 Milestones 1911 Established as rubber plantation and processing