PT Gozco Plantations Tbk.Company Presentation

Jakarta, April 2013

2

These presentations and/or other documents have been written and presented by

PT. Gozco Plantations Tbk. (“Gozco Plantations”). The information in this document

has not been independently verified. No representation or warranty expressed or

implied is made as to, and no reliance should be placed on, the

fairness, accuracy, completeness or correctness of such information or opinions

contained herein. None of Gozco Plantations, nor any of its affiliates, advisers or

representatives shall have any liability whatsoever (in negligence or otherwise) for

Disclaimer

representatives shall have any liability whatsoever (in negligence or otherwise) for

any loss whatsoever arising from the use of this document or its contents or

otherwise arising in connection with this document.

No endorsement is intended or implied notwithstanding the distribution of the

presentations and/or other documents. The materials and information in the

presentations and other documents are for informational purposes only, and are not

an offer or solicitation for the purchase or sale of any securities or financial

instruments or to provide any investment service or investment advice.

2

• About Gozco Plantations

• Operational & Financial Performance

• Target & CAPEX 2013

Outline

• Target & CAPEX 2013

3

Management Team

BOARD OF COMMISIONER

• President Commissioner : Mustofa

• Commissioner : Rudyansyah Bin Abdul Cosim

• Commissioner : Harijanto

• Independent Commissioner : Benyamin Subrata

4

• Independent Commissioner : Benyamin Subrata

BOARD OF DIRECTORS

• President Director : Tjandra Mindharta Gozali

• Vice President Director : Kreisna Dewantara Gozali

• Director : Andrew Michael Vincent

• Director : Jamal Rosyidin Hakki

• Director : Enggan Nursanti

• Non-Affiliated Director : Kho Livia Kartika

Company’s Milestones

1999• Initially entered oil palm business by acquiring Suryabumi, an estate at South Sumatra

with around 9 thousand ha in total area and 4 thousand ha immature area

2003

• Started to manage the estate full time under new management by conducting

reorganization & rehabilitation of the estate with 4 thousand ha planted area

• Commissioned first mill with 45 MT/hour

2005 • Expansion through first acquisition of Bumimas Indo Sawit, parent company of Pemdas

2006 • Acquisition of Golden Blossom Sumatra

2007 • Acquisition of Cahya Vidi Abadi

5

2007 • Acquisition of Cahya Vidi Abadi

2008

• PT Gozco Plantations Tbk. was listed on Indonesia Stock Exchange by releasing

30% ownerships (1.5 billion shares) to public at IDR 225/share

• The plantation asset was brought to IPO with 31 thousand ha in total area, 16 thousand

ha in planted area, 6 thousand ha in mature area plus 1 mill with 45 MT/hour capacity

2009• Acquired Palma Sejahtera

• Increased mill capacity to 90 MT/hour at Suryabumi

2010 • Started construction of 45 MT/hour Mill at Golden Blossom Sumatra

2011

• Achieved more than 120 thousand ha in total area, 36 thousand hectare planted area

with 20 thousand mature area with two mills of 90 MT and 45 MT/hour and 1 mill 45

MT/hour under construction

• Increased ownership in Golden Blossom Sumatra to 95%

2012 • Established the Gozco Standard Operating Procedures (GSOP)

Structure of The Company(as of December 2012)

6

Planted Area and Mill by Region(as of 31 December 2012)

West KalimantanPlanted Area: 6.498 Ha

7

South SumateraPlanted Area: 25.188 Ha

1 Mill: 90 Ton/Hour

1 Mill: 45 MT/Hour

(Under Construction)

Central KalimantanPlanted Area: 7.385 Ha

1 Mill: 45 Ton/Hour

Plantation Area(as of 31 Dec 2012 in hectares)

Due to the uncertainty of moratorium in the forest conversion which refers to Presidential Instruction No.10 in

2011, The company will only report land that falls under Land for Other Usage (APL) status. The detail as follow:

Company Location

Total Area

(ha)

APL Area (ha)

Status

Planted Area

Infrastucture Balance31/12/2011 2012 31/12/2012

Suryabumi South Sumatera 8.858 8.464 - 8.464 394 - HGU 2015

Golden Blossom

South Sumatera8.240 7.728 32 7.760 480 - HGU 2042- Nucleus

8

South Sumatera

- Plasma 8.081 7.131 375 7.505 575 -

Plasma Land

Permit

Cahya Vidi Abadi South Sumatera

1.166 909 163 1072 81 13 HGU 2045

5.000 - - - - 5.000 Land Permit

Pemdas South Sumatera 402 386 - 386 15 - Use Rights

Palmdale West Kalimantan 12.806 4.541 1.957 6.498 1.624 4.684

HGU In

Process

Telaga Sari Central Kalimantan 1.012 719 61 780 151 81 Land Permit

Indotruba Central Kalimantan 7.734 6.605 - 6.605 324 805 HGU 2038

Total 53.299 36.483 2.588 39.070 3.644 10.583

Planted Area Profile(as of 31 Des 2012 in hectares)

Immature

17.641

45.15%

Mature

21.430

54.85%

Planted Area

Young

8.194

Old

3.626

20.15%

Mature Planted Area

9

45.15%54.85%

*Including Indotruba Area of 6.605 ha

Average Age Planted Area : 8 Years 5 Months

8.194

35.23%

Prime

9.610

44.62%

Operational Performance 2012*(as of 31 Des 2012 da)

10

*Excluding production from Indotruba

FFB Nucleus Production(In Thousand Tons)

127

153 161 168 171

168

171

3%

11

2008 2009 2010 2011 2012

2011 2012

Yield 2012 : 13.98 ton/ha

FFB Processed(In Thousand Tons)

11

64

113

69

98

52

12

2008 2009 2010 2011 2012

128153 161 168 171

0

03 8 11 3rd Party

Plasma

Nucleus

CPO & PK Production(In Thousand Tons)

42

60

52

5854

12 12

CPO

PK

13

2008 2009 2010 2011 2012

912 11 12 10

Extraction rate (%) 2008 2009 2010 2011 2012

CPO 22.11 22.34 22.08 21.26 22.89

PK 4.54 4.32 4.48 4.33 4.34

Planted Area & New Planting (as of 31 Des 2012 in hectares)

Description31 Des 2011

Area (ha)

31 Des 2012

Area (ha)

Change

Area (ha)

Nucleus

Mature 18.855* 18.855* -

Immature 10.498 12.712 2.214

Planted Nucleus 29.353 31.567* 2.214

14

Plasma

Mature 1.688 2.574 886

Immature 5.443 4.931 (512)

Planted Plasma 7.131 7.505 374

Total

Total Mature 20.543* 21.428* 886

Total Immature 15.941 17.643 1.702

Total Planted 36.484 39.071 2.588

*Including TM Indotruba Area of 6.605 ha

Total New

Planting

Y2012

Financial Performance 2012*(as of 31 Des 2012 da)

15

*Excluding production from Indotruba

CPO & PK Sales Volume CPO & Palm Kernel(In Thousand Tons)

37

6057 58

52

16

2008 2009 2010 2011 2012

912 10

1310

CPO

PK

Average Selling Price*(IDR/Kg)

69986288

7239

7446

7102

CPO

17

3748 2936

45514887

3538

2008 2009 2010 2011 2012

CPO

PK

*Price Exclude Ppn

Sales Value(IDR Billions)

3446

61

36

493

291

408

455

405

18

2008 2009 2010 2011 2012

259

374409

432369

32

PK

CPO

Income Statement Highlights(IDR Billions)

IDR Billion 2008 2009 2010 2011 2012

Sales 291 408 455 493 405

19

Sales 291 408 455 493 405

Gross Profit 116 145 193 156 157

Net Profit Attributable to Owners of the

Parent55 204 161 167 97

Basic Earnings per share (IDR) 12.31 40.88 32.16 33.42 19.41

Balance Sheet Highlights(IDR Billions)

IDR Billion 2008 2009 2010 2011 2012

20

Total Assets 1.428 1.993 2.095 2.834 3.188

Total Liabilities 517 863 865 1.327 1.587

Equity Attributable to Owners of the Parent 881 1.069 1.170 1.492 1.584

Financial Ratios

Financial Year 2008 2009 2010 2011 2012

Gross Profit Margin (%) 39.86 35.54 42.42 31.64 38.77

21

Gross Profit Margin (%) 39.86 35.54 42.42 31.64 38.77

Net Margin (%) 18.83 50.11 35.38 33.90 23.94

Debt to Equity (%) 58.65 80.70 73.94 88.95 99.20

Return on Equity (%) 6.21 19.10 13.73 11.20 6.06

Target & Capex 2013

22

Target 2013

Production (Tons)2012

(Actual)

2013

(Projection)Projection Growth

FFB Production 171.274 200.000 17%

FFB Plasma & 3rd 63.381 100.000 58%

23

FFB Plasma & 3rd

Party63.381 100.000 58%

FFB Processed 234.771 300.000 28%

CPO 53.746 69.000 28%

Palm Kernel 10.182 12.000 18%

New Planting FY 2013: 4.000 ha

Capital Expenditures 2013

• New Planting of 4.000 ha : IDR 126 bio

• Maintenance of Immature of 13.822 ha : IDR 197 bio

• 30% remaining balance for new CPO Mill : IDR 35 bio

24

• 30% remaining balance for new Port @ GBS : IDR 6 bio

• Office Building Construction : IDR 5 bio

Budget Capital Expenditures FY 2013 ~

IDR 369 bio

Notes

Notes

Thank You

For further queries please contact :

Investor Relations at

corporate@gozco.com

www.gozco.com/investor.html

Jakarta Office

Graha Permata Pancoran

Jl. Raya Pasar Minggu No.32 C/10

South Jakarta, Indonesia

Telephone: +62 21 799 5676

Fax: +62 21 799 5663

Surabaya Office

Gedung Bank Yudha Bhakti Lt.5

Jl. Raya Darmo 54-56

Surabaya, Indonesia

Telephone: +62 31 561 2818

Fax: +62 31 562 0968

Palembang Office

Jl.Letjen Harun Sohar No.01

Palembang, Indonesia

Telephone: +62 711 413 777

Fax: +62 711 414 504