Investor Presentaiton

4 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

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