#1Sawit Sumbermas Sarana Karya Nyata untuk Negeri "To Become A World-class Plantation Company" Investor Update January 2018#2DISCLAIMER NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. The information that follows is a presentation of certain information about PT Sawit Sumbermas Sarana Tbk. ("SSMS" ), its parent, PT Citra Borneo Indah ("CBI"), and their respective subsidiaries (together, the "Group") prepared by SSMS and CBI. 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By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein.#3Table of Contents 01| Introduction 02 Business Overview 03❘ Key Credit Highlights 04 Operational Analysis 05| 05 Financial Analysis 06 Appendix Sawit Sumbermas Sarana Karya Nyata untuk Negeri 3#4Sawit Sumbermas Sarana Karya Nyata untuk Negeri 01. Introduction#5• Sawit Sumbermas Sarana - Fast Growing Palm Oil Plantation Company in Indonesia COMPANY OVERVIEW Founded in 1995, SSMS is a fast growing Central Kalimantan- SHAREHOLDING STRUCTURE1 Citra Borneo Group (68.88%) based palm oil plantation company with young maturity profiles (8.0 years) and strong yields 58.48% PT. Citra Borneo Indah (CBI) 8.13% PT. Putra Borneo Agro Lestari 2.27% 31.12% Jemmy Adriyanor Public • • . SSMS has 95,770 Ha of prime land under management, with most areas having mineral soil characteristics, flat terrain, as well as land permits / land rights, and are strategically located to key infrastructure SSMS owns and operates 19 oil palm estates, covering 70,984 hectares of planted area, which includes six palm oil mills and one kernel crushing plant SSMS's 16,040 Ha of unplanted area serves as base for organic growth SUSTAINABLE RSPO TM Organization for Standard ISPO ISO 9001 ONMENTAL MANDMENT SY OHSAS 18001 ISO 14001 FICATION DE SYSTE BOS SGS 81% 19% PT. Surya Borneo Industri (SBI) 70,984 Ha Planted Area(2) 23.1% Oil Extraction Rate (3) Sawit Sumbermas Sarana Karya Nyata untuk Negeri 81% 19% PT. Citra Borneo Utama (CBU) Sawit Sumbermas Sarana Karya Nyata untuk Neger 99% PT. Mitra Mendawai Sejati (MMS) 99% PT. Mirza Pratama Putra (MPP) 99% PT. Kalimantan Sawit Abadi (KSA) PT. Tanjung Sawit Abadi (TSA) 99% PT. Sawit Multi Utama (SMU) 99% 99% PT. Menteng Kencana Mas (MKM) 4.5 MT/ha 19.4 MT/ha CPO Yield per Mature Hectare (4) FFB Yield per Mature Hectare (4) Sawit Sumbermas Sarana Karya Nyata untuk Negeri 8.3 years Average Plant Maturity(2) Note: 1. Post the reorganization of CBI based on the shareholders register of the Company as of October 31, 2017. 2. As at 30 September 2017. 3. For the period of 9M 2017. 4. For the period of FY2016. 5#6Key Company Milestones 1995 PT Sawit Sumbermas Sarana was incorporated in Central Kalimantan 2010 Annual CPO production surpasses 100,000MT 2012 Annual CPO production surpasses 200,000MT 2014 Annual FFB processing surpasses 1,000,000MT 2016 Total planted area of 68,307Ha 2017 • Total planted area of 70,984Ha with mill capacity of 375MT/hour • Targeting to expand plantation by 5,000Ha in 2018 2009 Planted area surpasses 30,000Ha; Natai Raya Palm Oil Mill commissioned 2011 Third Palm Oil and Kernel Crusher Plant commissioned at Suayap 2013 Fourth Palm Oil Mill commissioned at Selangkun •Listing on the Indonesia Stock Exchange with 1.5 billion new shares issued 2015 Total planted area of 66,201Ha post the acquisition of TSA, SMU, MKM and MPP 2000 First 103Ha palm oil plantation planted 2006 First production of CPO at Sulung Palm Oil Mill 25 25 46 46 41 36 31 50 51 99 66 80 68 59 59 71 14 2011 2012 2013 2014 2015 2016 9M '17 18 15 3 0 0 1 T T T 1995 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Total Planted Area ('000 Hectares) Sawit Sumbermas Sarana Karya Nyata untuk Negeri 60#7Sawit Sumbermas Sarana Karya Nyata untuk Negeri 02. Business Overview#8Business Overview Sizable Landbank with Potential Upside from Unplanted Area Substantial room for organic growth via unplanted reserves Other Unplanted Area 16,040 Conservation Area 5,804 Essential Infrastructure 2,945 High Yielding Plantations... Planted Area 70,984 Land Rights Secured for Large Portion of Landbank Others (1) 12,911 Location Permit (2) 36,583 HGU 46,276 Most of the landbank have already obtained location permits and land rights ...Despite Young Profile of Plantations 23.5% 23.7% Prime (8-20 23.4% 23.1% 321,238 296,329 289,653 years) Average Age: 12 years 262,356 High and consistent CPO production and oil extraction rates ("OER") Sawit Sumbermas Sarana 2014 2015 2016 9M 2017 OCPO Production (MT) OER (%) Data as at 30 September 2017. 10% 65% 25% Immature (1-3 years) Average Age: 1 year Young Mature (4-7 years) Average Age: 5 years Using high-yielding 2nd generation seeds from major providers including Lonsum, Socfin, Damimas and TopasAsianAgri Note: 1. Includes Cadastral (have gone through cadastral process but have yet to obtain HGU) and relinquished land area (from previous owners which have not been submitted for cadastral process). 2. The Location Permits for 27,687 hectares have expired and are in the process of being extended. 80 Karya Nyata untuk Negeri#9Business Overview (Cont'd) Supported with group livestock synergy Integration of cattle support operations and government plan for beef consumption Reduction of weeding, integrated with breeding and fattening Combined organic fertilizer to improve productivity and cost efficiency To support various customers, both domestic and overseas = • 70.0% of sales for • domestic usage; Remaining 30.0% entitled for export; Supported by a branch office in Jakarta; and • Operated by 6,066 permanent employees (as of 30 Sep 2017) Plantation Total 70,984 Ha planted area across Central Kalimantan Generating a high Oil Extraction Rate at the CPO mill of 23.1% (CPO); 4.1% (Palm Kernel); and 39.5% (Crude PKO). Young and high-yielding plantations with average maturity profile of 8.3 years One of the highest yielding CPO plantations in Indonesia Processing Plants Processing Plant from FFB to CPO with a total installed capacity of 375MT/hour Current capacity utilization set to improve in line with acquisition and planted area growth High Quality Products To support customers for high quality Crude Palm Oil and Crude Palm Kernel Oil, which can be used as feedstock for diverse CPO refinery products Cooking Oil Specialty Fats Functional Products Palm Wax Biodiesel and Candle Oleochemicals Sawit Sumbermas Sarana Karya Nyata untuk Negeri 6#10Our Commitment to Sustainability Target 100% RSPO Certification by 2020 2018 SUSTAINA RSPO 100% RSPO Roadmap 2019 TSA MKM KSA MPP SMU 2020 Initiation of RSPO Certification Process for our Smallholders & Supply Chains SSMS and MMS mills, which produce c.56% of total CPO in 2016 are RSPO certified since 2013 ISPO certification for Kenambui, Sulung, Rangda, Kondang, Pulau, Selangkun, and Rungun Estates since 2013 Aiming for all estates and operations to be RSPO certified by 2020 28 BOSF Orangutan Conservation tft® Close Engagement with TFT The Forest Trust ("TFT") is a renowned group of social and environmental experts in commodity supply chains 1 Visit and Scoping Exercise 2 3 4 I TFT visited our plantations in Pangkalan Bun and undertook i a "scoping exercise" Identified Strengths - TFT produced a report that identified the following strengths: ✓ Progress in implementing the High Conservation Value ✓ Continuous development of internal training programs ✓ General understanding of our staff and plasma farmers of our policies, especially in the area of legal compliance Granting of Membership with TFT - - SSMS has given full weight and proper regard to the recommendation in the TFT report have already taken important measures to address the weaknesses identified by TFT As a result, TFT has accepted SSMS as their newest palm oil grower member Forest Conservation Fund We will invest up to US$10 million in forest conservation in Indonesia, to be initially managed by TFT as a Forest Conservation Fund I I SSMS has partnered with the Borneo Orangutan Survival Foundation ("BOSF") to purchase and maintain Salat Island for the conservation of orangutans SSMS has budgeted for the cost of the orangutan conservation programme Sawit Sumbermas Sarana Karya Nyata untuk Negeri BOS The fund will have potential for future integration into an independent fund I The funds will be used by local communities and supplier companies to secure and protect forests at risk of conversion to oil palm or other commodities 10#11Support the Nation with Environmentally Friendly Actions... • Comply with certifications; . Study high conservation areas; • • • • • • • No development of peatlands; Zero burning policy; Community driven; Partial self-generated electric power support; Conservation areas cover 6.2% within the plantation area; Free medical facilities; Education/tuition fees; . Scholarships; • Contribution to the PDB of Central Kalimantan; and • Partnership with the BOSF Sawit Sumbermas Sarana Karya Nyata untuk Negeri 11#12Consistently Support Harmonious Relationships with All Stakeholders Corporate Governance "We do care": Care for the Company, People, Environment and for the Country, Indonesia Cultural, Social and Community Program Accommodate residents with food and commodity stocks, and treatment plans Empowering Education Program Participate in knowledge- sharing about plantations, industry and entrepreneurship Free Health Empowerment Increase awareness about the importance of healthcare and wellness Affordable markets, basic food distribution, development of places of worship Scholarships for children, free school admission, teacher training, Internships, Learning Media and Equipment diagnosis, communal treatment, blood donor programs Program for Economic Empowerment Community Environmental Conservation Program Tree replanting and treatment 1 million tree plan to be developed, plant maintenance Infrastructure Program Dedicated to projects that bring the company and community together Water supply developments, road and bridges, village electrification Assist Sawit Sumbermas Sarana Karya Nyata untuk Negeri Provide opportunities to increase community self- reliance in Working Capital loans, & Fishery and Integrated Farming Disability Assistance 12#13Sawit Sumbermas Sarana Karya Nyata untuk Negeri 03. Key Credit Highlights#14Summary Credit Highlight Sawit Sumbermas Sarana Karya Nyata untuk Negeri Sawit Sumbermas Sarana Karya Nyata untuk Negeri 1 Young Maturity Profile Providing Visibility for Future Production Growth 2 3 High Yielding and Efficient Plantation Operations Supporting Low Cost Operations Favourable Location Enables Higher Efficiency and Stronger Cost Competitive Position 4 Strong CPO Fundamentals and Outlook 5 Strong Operating Profile leading to Resilient Financial Profile 6 Well Experienced Management Team with Proven Track Record 14#151 Young Maturity Profile Providing Visibility for Future Production Growth Young age profile will support a continued increased in production of FFB over the next several years with minimal increases in production costs or capital expenditures. Total Planted Area by Planted Year (Ha) Immature (1-3 years) 10% 4,057 2,129 Young Mature (4 - 7 years) 25% Prime Mature (8 - 20 years) 65% 8,699 8,432 7,060 6,765 6,978 6,002 5,445 5,009 2,677 1,042 2,556 2,796 728 336 174 103 9M 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Pick up in production as immature trees move into young mature stage Sawit Sumbermas Sarana Karya Nyata untuk Negeri Theoretical Yield by No. of Years (MT/Ha) Pick up in production yield as trees move from young mature to prime stage Up to 33 MT/Ha during steady state 22 18 14 25 28 29 25 29 30 30 31 32 32 33 33 32 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 23 24 24 28 28 25 25 15#162 High Yielding and Efficient Plantation Operations Supporting Low Cost Operations Plant Productivity Cash Cost Breakdown for 9M 2017 Higher FFB yield, OER and CPO yield compared to average among peers FY16 Peers Comparison - FFB Yield (MT/Ha) SSMS Cash Cost Units 9M Sep 2017 Fertilizer and maintenance 19.4 19.0 Rp bn 253 18.3 17.4 16.8 14.7 Average 16.5 Labor Rp bn 199 10.0 Harvesting Rp bn 43 Overhead Rp bn 128 Total field cost Rp bn 622 AGRO LISTARI GAR Agribusiness & Food FIRST London Sumatra Sampoerna Agro 23.9% 23.4% FY16 Peers Comparison - OER (%) FFB production K tons 938 22.5% 22.5% Average 22.3% Field cost / FFB Rp/kg 664 22.2% OER % 23.1% 21.0% 20.8% Field cost CPO Rp /kg 2,874 FIRST London Sumatra GAR Agribusiness & Food FY16 Peers Comparison - CPO Yield (MT/Ha) 4.5 4.3 Sawit Sumbermas Sarana Karya Nyata untuk Negeri 4.2 3.9 3.8 Milling cost Rp bn 63 Sampoerna Agro CPO production Milling cost/CPO K tons 262 Rp/kg 241 Average 3.7 2.1 Total Cash Cost / CPO Rp/kg 3,115 FX Rate (September 30, 2017) Rp/USD 13,492 USD/mt 231 (AGRO LESTARI GAR Agribusiness FIRST London Sumatra Sampoerna Agro & Food Source: The respective companies' public filings for peer companies data 16#173 Favourable Location Enables Higher Efficiency and Stronger Cost Competitive Position Transportation and infrastructure benefits All assets are concentrated in the same area within a 60km radius Covered by a dense network of "all weather" roads built to ensure that every part of the plantations is easily accessible at all times Proximity to Kumai Port and Iskandar Airport, and located along the Trans- Borneo highway Well established infrastructure Cost benefits from operational synergies Lower transportation costs and optimal logistics Higher quality of FFB and CPO products due to efficient transportation (lower FFA %) Central Kalimantan's climate is ideal for CPO production High rainfall levels at approximately 2,800mm 3,000mm of rainfall a year with at least 4.5 -5 hours of sunshine daily High mineral content soil with small proportion of shallow peat soil Mean annual temperature of 31° C and high humidity Relatively flat and undulating reduces planting, maintenance and harvesting costs Sawit Sumbermas Sarana Karya Nyata untuk Negeri B MPP Kabupaten Lamandau WEST KALIMANTAN SSMS Kabupaten Sukamara Plantation Estates JAVA SEA Nanga Bulik SMU TSA ~60km CENTRAL KALIMANTAN MMS Kabupaten Kotawaringin Barat \ KSA Kalimantan Pangkalan Bun Iskandar Airport Kumai-Port Jetty, bulking facility & future refinery MKM Plantation Entities KSA = PT. Kalimantan Sawit Abadi MKM = PT. Menteng Kencana Mas MMS = PT. Mitra Mendawai MPP PT. Mirza Pratama Putra SMU = PT. Sawit Multi Utama SSMS = PT. Sawit Sumbermas Sarana Tbk Sejati TSA = PT. Tanjung Sawit Abadi Iskandar Airport Jetty, bulking facility Kumai Port Key city Trans-Borneo Highway & future refinery 17#184 Strong CPO Global Outlook and Fundamentals Strong demand drivers for Global CPO consumption Growing demand for food primarily in Asia especially China and India Expansion of oleochemical requirements Increased awareness of health benefits of palm oil compared to other seed oils Increased use in biodiesel M tonnes of CPO Significant room for further growth in key palm oil consuming countries Edible Oil Consumption: Kg per Capita 67.1 64.4 56.0 54.1 2006 2016 Average: 65.8 Average: 55.1 43.1 Considerable additional demand growth potential 21.9 24.3 26.5 Average: 27.9 19.2 20.3 17.5 Average: 18.3 11.8 10 year CAGR: 5.6% 62.5 60.8 59.5 US EU-28 Indonesia Pakistan 57.9 China India 52.6 48.8 Palm oil is the cheapest and highest yielding edible oil 45.3 46.4 42.6 37.8 36.2 Yield: Tonne/ha 5 2006 2007 2008 2009 2010 2011 2012 Sawit Sumbermas Sarana Source: Oilworld Karya Nyata untuk Negeri Palm 4 3 2 1 0 200 400 2013 2014 2015 2016 600 Rapeseed Soya Production Cost: US$/tonne 800 1,000 18#194 Strong CPO Global Outlook and Fundamentals (Cont'd) Palm oil still trades at a discount to other edible oils. Moreover, palm oil prices have been relatively stable over the last few years. US$ / MT 1,400 1,200 1,000 800 600 400 200 0 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 Sawit Sumbermas Sarana Source: Bloomberg Karya Nyata untuk Negeri Soy oil premium to CPO CPO Soy oil May-16 Sep-16 Jan-17 US$741 US$653 US$231 May-17 Sep-17 Jan-18 SSMS' average cash cost per ton of CPO produced for 9M 2017 19#204 Indonesia Expected to Remain a Significant CPO Player (Indonesian % share of total export) Significant growth in Indonesia's market share in world CPO production and exports Global Production of CPO, 2006 to 2016 (m tonnes) Global Exports of CPO, 2006-2016 (m tonnes) M tonnes of CPO Indonesia Malaysia Indonesia % share 50 285432 70 52% 53% 54% 60% 50% 51% 48% 60 47% 48% 45% 44% 43% 50% 40% 30% Rest of world M tonnes of CPO Indonesia Malaysia Rest of world Indonesia % share 60.0 55% 60% (Indonesian % share of total output) 52% 53% 49% 47% 47% 50.0 45% 43% 43% 44% 50% 42% 40.0 40% 40 30.0 30% 30 20% 20.0 20% 20 10% 10.0 10% 10- 0 0% 0.0 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Indonesia is also one of the largest consumers of palm oil M tonnes of CPO Consumption CAGR (10 Year CAGR until 2016) India Indonesia 11.6% 9.5% 7.6 7.1 6.2 6.0 8.5 8.0 8.6 7.9 7.0 6.3 9.3 7.1 7.1 7.3 6.1 5.7 9.2 9.2 5.1 Europe (EU-28) 5.0% China -0.6% 2012 2013 2014 2015 2016 ■Indonesia ■India ■China Europe (EU-28) Sawit Sumbermas Sarana Source: Oilworld Karya Nyata untuk Negeri 7.0 20 20#215 Strong Operating Profile Leading to Resilient Financials Increased production as our plantations mature and enter into their prime production age MT '000 CPO Production Slight decrease due to adverse weather conditions Strategic location, logistical efficiencies and best practices in plantation management Application of best-in-class agronomy practices Nursery Use of only high yield seeds Maintenance High quality fertilizer Culling of unhealthy seeds Harvesting Harvest at maximum oil content Processed within 12 hours Sawit Sumbermas Sarana Karya Nyata untuk Negeri 321 296 290 262 2014 2015 2016 9M 2017 Revenue USD mm 194 176 249 202 complemented with organic fertilizer from byproducts of mills 2014 2015 2016 LTM Sep '17 EBITDA and Margin Natural methods for planting and pest control USD mm/% 49.7% 50.3% Yield Analysis Yield gap analysis to benchmark against industry 51.1% 46.9% 127 96 88 95 2014 2015 EBITDA 2016 LTM Sep '17 EBITDA margin Exchange rate USD: IDR of 13,492 used. LTM financial metrics have been calculated by adding the relevant entity's consolidated financials for the nine months ended 30 September 2017 to the relevant entity's consolidated financials for the year ended 31 December 2016 and subtracting the relevant entity's consolidated financials for the nine months ended 30 September 2016. 21#22Nicholas Justin Whittle Unaffiliated Director and CFO ⚫ Since December 2016 More than 25 years experience in finance industry. 6 Well Experienced Management Team with Proven Track Record Board of Commissioners Marzuki Usman Rimbun Situmorang Board of Directors Ramzi Sastra Director ⚫ Since August 2016 Since August 2013 46 Years experience in oil palm industry 16 Years experience in oil palm industry 18 Years experience in oil palm industry Independent Commissioner Since August 2013 Commissioner Bungaran Saragih President Commissioner Since August 2013 44 Years experience in oil palm industry Vallauthan Subraminam Since August 2016 President Director Over 40 years experience in oil palm industry Experienced management team with approximately 33 years of experience in palm oil on average and over 164 years of combined industry experience. Sawit Sumbermas Sarana Karya Nyata untuk Negeri 22 22#23Sawit Sumbermas Sarana Karya Nyata untuk Negeri 04. Operational Analysis#24High Yielding Plantation Despite Unfavourable Conditions In 2016 FFB Crude Palm Oil MT MT 21.0 20.1 19.4 23.5% 23.7% 23.4% 23.1% 14.6 1,019,156 1,094,463 321,238 1,074,050 296,329 289,653 938,025 262,356 2014 2015 2016 9M 2017 2014 Production -Yield (MT/Ha) 2015 Production 2016 9M 2017 OER Palm Kernel Crude Palm Kernel Oil MT MT 39.4% 39.0% 40.2% 39.5% 4.5% 4.3% 4.4% 4.1% 60,861 53,533 54,005 6,227 6,715 6,826 6,758 46,707 Sawit Sumbermas Sarana Karya Nyata untuk Negeri 2014 2015 Production 2016 9M 2017 2014 2015 2016 9M 2017 -KER Production -KOER 24#25Sawit Sumbermas Sarana Karya Nyata untuk Negeri 05. Financial Performance#26Prudent Financial Policy Prudent Financial Management Modest Balance Sheet Leverage • Strong Risk Management Maintain debt to equity leverage of less than 1.0x Maintain gross debt to EBITDA leverage of around 3.0x Investment Policy Diversified Funding Channels Secure diversified funding sources from banks and both domestic and international capital markets Investments are decided after careful review and the assessment of a feasibility study Hedging Policies Business profile provides a natural hedge against USD/IDR fluctuations Do not practice hedging of CPO price Significant Liquidity Manage liquidity risk by maintaining cash and cash equivalents sufficient to meet our commitments for normal operations, regularly evaluating cash flow projections and actual cash flows Dividend Policy Sawit Sumbermas Sarana Karya Nyata untuk Negeri Annual dividends to be distributed in an amount up to 30% of net income for each year, normalized by excluding net foreign exchange gains/losses, deferred tax revenues or expenses, and deducting all specified reserves 26#27Strong Financials and Margins Revenue EBITDA and Margin USD mm USD mm/% 249 49.7% 50.3% 51.1% 46.9% 202 194 176 127 96 95 88 2014 2015 2016 LTM Sep '17 2014 2015 EBITDA EBIT and Margin USD mm / % Sawit Sumbermas Sarana Karya Nyata untuk Negeri 42.4% 41.9% 43.5% 38.2% USD mm/% 2016 EBITDA margin LTM Sep '17 Net Income and Net Income Margin 25.4% 26.4% 24.0% 21.7% 108 82 74 77 66 49 42 44 2014 2015 EBIT 2016 LTM Sep '17 EBIT margin 2014 2015 Net income 2016 LTM Sep '17 Net income margin Exchange rate USD: IDR of 13,492 used. LTM financial metrics have been calculated by adding the relevant entity's consolidated financials for the nine months ended 30 September 2017 to the relevant entity's consolidated financials for the year ended 31 December 2016 and subtracting the relevant entity's consolidated financials for the nine months ended 30 September 2016. 27#28Stable Credit Metrics and Reducing Capital Expenditure Total Debt / EBITDA (x) EBITDA / Interest (x) 1.4x 6.4x 5.8x 2.8x 2.7x 2.4x 2014 2015 7.0x 6.2x 2016 LTM Sep '17 2014 2015 2016 LTM Sep '17 Total Debt/Equity (x) 1.2x 1.1x 0.9x 0.7x Sawit Sumbermas Sarana Karya Nyata untuk Negeri 2014 2015 2016 LTM Sep '17 Capital Expenditure USD mm 43 2014 27 22 2015 26 26 2016 15 9M 2017 Exchange rate USD: IDR of 13,492 used. LTM financial metrics have been calculated by adding the relevant entity's consolidated financials for the nine months ended 30 September 2017 to the relevant entity's consolidated financials for the year ended 31 December 2016 and subtracting the relevant entity's consolidated financials for the nine months ended 30 September 2016. 28#29Well Managed Debt Maturity Profile Overview of Debt Terms (as of 30 September 2017) Debt Maturity Profile (as of 30 September 2017) Issuer of Facility Туре Maturity Currency Principal Interest Rate USD mm BNI SSMS SSMS 2024 IDR IDR1,025bn 9.75 (IDR) BNI SSMS SSMS 2025 IDR IDR265bn 9.75 (IDR) BNI SSMS SSMS 2025 USD USD65mn 5.5 (USD) KSA BNI KSA (IDR) 2024 IDR IDR330bn 9.75 KSA BNI KSA (USD) 2024 USD USD16.5mn 5.5 SMU BNI SMU (IDR) 2025 IDR IDR540bn 9.75 BNI SMU SMU 2025 USD USD27.1mn 5.5 (USD) TSA BNI TSA (IDR) 2025 IDR IDR465bn 9.75 139 121 TSA BNI TSA (USD) 2025 USD USD23.3mn 5.5 MMS Exim bank MMS 2020 USD USD55.0mn 6.1 66 26 Total IDR 5,142bn / US$381.1mn Less than 1 year 1 - 2 years 2-5 years More than 5 years Sawit Sumbermas Sarana Karya Nyata untuk Negeri Exchange rate USD: IDR of 13,492 used. 29 29#30Sawit Sumbermas Sarana Karya Nyata untuk Negeri 06. Appendix#31Sawit Sumbermas Sarana Karya Nyata untuk Negeri Other Company Information#32CBI Group Business Sawit Sumbermas Sarana Karya Nyata untuk Negeri Subsidiary PT Borneo Industri Nusantara (BIN) CBI Group's ownership Business Description 95% PT Citra Borneo Chemical (CBC) 75% Iron and Steel Oleochemical PT Borneo Sawit Gemilang (BSG) 96% Landbank PT Borneo Industri Terpadu (BIT) 90% Iron and Steel PT Pelayaran Lingga Marintama (PLM) 99% Cargo shipping PT Amprah Mitra Jaya (AMJ) 99% Timber PT Central Kalimantan Abadi (CKA) 99.2% Timber PT Erythrina Nugraha Megah (ENM) 80% Timber PT Intrado Jaya Intiga (IJI) 99% Timber PT Mendawai Putra (MP) 99% Trading PT Natai Sawit Perkasa (NSP) 99% Landbank PT Surya Borneo Energi (SBE) 90% Electrical PT Surya Borneo Industri (SBI) 81% Industrial Park PT Citra Borneo Utama (CBU) 81% Oleochemical PT Pelayaran Senggora (PS) 97.14%(1) Cargo Shipping PT Pelayaran Ampara (PA) PT Pelayaran Mitra Globalindo (PMG) 97.14%(1) Cargo Shipping 85.17% (1) Cargo Shipping Note: 1. Represents ownership by Pelayaran Lingga Marintama, in which CBI owns 99%. 32#33Management Organization Board of Commissioners General Meeting of Shareholders (GMS) Nomination & Remuneration Committee Audit Committee President Director Internal Audit Plantation Operational Finance Director Commercial Director Director Plantation Advisor Corporate Secretary Upstream Engineering Sales and Marketing Research & Development Corporate Legal Plantation Administration License Sustainability Finance Controller Traksi Corporate Finance Regional Plantation Representative Office Risk Management Sawit Sumbermas Sarana Karya Nyata untuk Negeri Legal Procurement Chief of HR & General Affairs HR & General Affairs Logistics Training and Development FFB Purchasing Demand Planner & Problem Solver Corporate Social Responsibility Medical HR & General Affairs RO. Jakarta 33#34Well-Experienced and Professional Management Board of Commissioners Bungaran Saragih | President Commissioner • • • • Since August 2013 44 Years experience in oil palm industry Currently Commissioner of PT Rea Kaltim Plantations, Advisor of PT Japfa Comfeed Indonesia Tbk., Chairman of Board of Trustees Borneo Orangutan Survival Foundation and Trustee of Roundtable on Sustainable Palm Oil Previously Chairman of Board of Governors International Fund for Agricultural Development, Minister of Agriculture of Indonesia Marzuki Usman | Independent Commissioner • • • Since August 2013 46 Years experience in oil palm industry Previously Minister of Forestry of Indonesia, President Commissioner of PT PP London Sumatera Tbk. Rimbun Situmorang | Commissioner • Since August 2016 • • 16 Years experience in oil palm industry Also acts as President Commissioner of PT Kalimantan Sawit Abadi Previously served as Director in Citra Borneo Group Board of Directors Vallauthan Subraminam | President Director • • • • Since August 2016 as President Director, since 2007 in group Over 40 years experience in oil palm industry Previously regional head in group 2007 - 2012, Senior Manager of IJM Plantations Berhad, Executive Director PT Domba Mas Group, Plantation Manager Asian Agri Group, Kemayan Oil Palm Berhad Education: Institute of Supervisory Management, United Kingdom Nicholas Justin Whittle | Unaffiliated Director and CFO • • Since December 2016 More than 25 years experience in finance industry Previous positions include CFO of Hot-Hed International S.A., and Technical Advisor to PT Trimegah Securities Tbk. . Education: Cambridge (Bachelor and Master); Columbia Business School (MBA) Ramzi Sastra | Director . Since August 2013, served as Deputy Commercial Director . • 18 Years experience in oil palm industry Previously Commercial Manager PT Bakrie Sumatera Plantation and Commercial Manager PT Flora Sawita Chemindo Sawit Sumbermas Sarana Karya Nyata untuk Negeri Education: University of North Sumatra (Bachelor); Jakarta Institute of Management Studies (Master) 34#35Achievement and Certification Certificate Production Ger andere your 2013 and RSPO Supply Cartate Regat 804602101 PTV RSPO Pain Production and Plantation Management Sym A 1811 2013 Valdy SPOTS pets company to 10111-0000-0x The TW en det www.masi>> A TÜVRheinland Precisely Right RSPO Certificate SPO Prindle for las al 08 Production Generic Standard year 2013 and ISPO Supply C62440218003 Cafe PT Saw Submas S RSPO Fame Product and Plantation Management System The ROPOJ PT TUV prod RPO Carton Byanan 2014 PACETS 16% www..com asi>) A TUVRheinland Precisey Right mutu ISPO SERTIFIKAT ISPO mutu cortification International Sefkatini berikan kepad PT SAWIT SUMBERMAS SARANA JUN 47, Ke Bar, Pangkalan Bun Telp: 0512) 21217 Fax (06121 21300 Tean meneruPeraturan Menn Peranan Nomor 1PermenOT 140/3/20 PP Kelapa Sawit Perkelanjutan Indonesia indorean Sustainable Pain O/SPO) melalu sims peelaan sertlikasi mutu Welt yang di Kabur Kananbul Bulurg, Rangda, Kondang Pulau Gelangun dan flangen Par PKCS Surg Kecamatan Art Satan, Kabaparen Kotswana Provina Kananian Tengah, Indonesia MUTUSPO Received RSPO certification for Sulung Mill (SSMS), Selangkun Mill (SSMS) and Suayap Mill (MMS) ISO 9001, ISO 14001 and OHSAS 18001 Received ISPO certification for Kenambui, Sulung, Rangda, Kondang, Pulau, Selangkun, and Rungun Estates PROPER blue CITRA BOF The ope SGS SGS SGS Cl CITRA BORNEO INDAH GROUP OHSAS 18001:2007 SES SGS SGS SCS SGS CITRA BORNEO INDAH GROUP CITRA BORNEO INDAH GROUP ISO 14001:2004 ISO 9001:2008 SGS SGS PP Crudkandal Pa UKAS FPT S Sy UKAS • The Citra Borneo Indah Group (including CBI and SSMS. and its subsidiaries) is certified ISO 14001: 2004, OHSAS 18001:2007 and ISO 9001:2008 Sawit Sumbermas Sarana Karya Nyata untuk Negeri • KEMENTERIAN LINGKUNGAN HIDUP DAN KEHUTANAN MENGANUGERAHKAN PENGHARGAAN PROGRAM PENILAIAN PERINGKAT KINERJA PERUSAHAAN DALAM PENGELOLAAN LINGKUNGAN HIDUP PROPER PRER PERINGKAT BIRU KEPADA PT. Sawit Sumbermas Sarana PERIODE 2015-2016 ansyah Diratory Crea dan Kerusakan Lingkungan Awarded "Blue" PROPER certification by the Ministry of the Environment and Forestry for 2015-2016 35#36Land Rights Obtaining Sequence 1 Obtain Location Permit This is a license granted by the government to I enable a acquiring I land or company relinquish with area and location that are specified I in the related license. 2 Land Acquisition The land acquisition must be completed within the validity period of the location permit. Location permit is valid for 3 years and can be extended for another year if the company already acquired at least 50% of the intended land. • Land acquisition can be done by way of (depending on the type of the land), among others: 4 5 • to plant growth compensation communities; the local forest relinquishment or forest exchange to the Ministry of Environment and Forestry; and land purchase/ relinquish from the previous owner. 3 Apply for Land Measurement Apply for land measurement (cadastral process) to the land office followed by the issuance of cadastral I map. Issuance of the Cadastral Map by the Land Office Apply for HGU to the Land Office Land Office to 6 Form/Establish 7 Panitia B Land Assessment and Recommendati on by Panitia B 8 Issuance of the Ministerial Decree Regarding the Approval of HGU Registration for 9 HGU Certificate to the Relevant Land Office 36,583 ha (Location Permit) Sawit Sumbermas Sarana Karya Nyata untuk Negeri 3,919 ha (Relinquished Land) 8,992 ha (Cadastral) 46,276 ha (HGU) 36#37Support the Protection of Orangutans' Habitat . • • In order to protect the habitat of orangutans, PT Sawit Sumbermas Sarana Tbk, in cooperation with the Borneo Orangutan Survival Foundation (BOSF), BKSDA and Government of Central Kalimantan, established conservation of orangutans on the island of Nusa Salat; The region will encourage ecotourism for orangutan conservation; and Pulau Badak Besar dan Badak Kecil were selected due to their location around the island of Nusa Salat and suitability for orangutan conservation habitats Sawit Sumbermas Sarana Karya Nyata untuk Negeri ORANGUT BAR RANGATAN 37#38Sawit Sumbermas Sarana Karya Nyata untuk Negeri Thank You Visit our website at www.ssms.co.id Mailing Address: PT Sawit Sumbermas Sarana Tbk Head Office JI. H. Udan Said No.47 Pangkalan Bun 74113 Kalimantan Tengah, Indonesia Representative Office Equity Tower, Suite 43D Jl. Jend Sudirman Kav.52-53 Jakarta 12190, Indonesia 38