Corporate Presentation 3rd Quarter 2016 (period ended 31 Mar 2016) Updated�May�2016 1
Agenda Agenda Company Overview Financial Performance Operations Review Summary 2
Company Overview Company Overview • Principal activities – extraction and trading of logs – manufacturing and export of plywood, veneer and sawn timber, block-board and film-overlay – development of oil palm estate (since 2002) – management & operation of CPO mill; and – reforestation • Products Round logs Plywood Sawn Timber Veneer Fresh Fruit Bunch Quality assurance • – JAS Certification: allows Jaya Tiasa to sell plywood to Japan at premium price – CE Certification: allows Jaya Tiasa to sell plywood to European Economic Area – CARB Certification: allows Jaya Tiasa to sell plywood to the US market 3 Company Overview
Timber Concession Area Timber Concession Area Forest Concession T/3113 T/3114 T/3044 T/3352 Total License No. T/3353 T/3370 T/3371 T/3372 Gross Area (Hectares) 65,487 78,838 50,648 518,238 713,211 Extraction Quota Per Month Total Per Annum (July 2015 – June 2016) Volume (m 3 ) 78,000 936,000 Large timber concession area and quota in Malaysia Company Overview 4
� Timber Concession - - location location Timber Concession Bakun Dam Company Overview 5
Timber Production Capacity Timber Production Capacity The Group downstream processing activities are carried out by its 3 wholly owned subsidiary companies:- Products Total Installed Production Capacity Per Month 35,000 Plywood Production (m 3 ) Per Year 420,000 Per Month 27,000 Veneer Production (m 3 ) Per Year 324,000 Sawn Timber Production (m 3 ) Per Month 9,000 Per Year 112,800 JTP1 & N, JTP2, Tg RHP, Tg JTTP, Tg 6 Putai Ensurai Ensurai Manis
Oil Palm Operations Oil Palm Operations • Sizeable oil palm estate with an estimated plantable area of 69,589 ha. Planted 69,589 ha to-date. Significant contribution from oil palm sector in the next few years • PLANTED TO-DATE Oil Palm Plantations Planted Area Matured Area Total Land Area 83,483 hectares (Estimated 69,589 hectares 60,787 hectares Plantable Area: 69,589 ha) Company Overview 7
Crude Palm Oil Crude Palm Oil P ������������������� MT Per Month Total MT Per CPO Mill MT per hour Annum Wealth Houses CPO Mill 90 40,500 486,000 Daro Jaya CPO Mill 60 27,000 324,000 Lassa CPO Mill 60 27,000 324,000 8
Reforestation (Planted Forest Operation) Reforestation (Planted Forest Operation) Sustainable forest management, reforestation and renewable resources to ensures long-term growth PLANTED TO-DATE LPF Project Gross Area (Ha) Plantable Area (Ha) Planted to-date (Ha) % Planted LPF 0023 Merirai Balui 55,887 34,033 9,387* 28% LPF 0024 Bahau Linau 108,144 62,027 9,909* 16% LPF 0028 Guanaco Maujaya 71,828 44,317 12,265* 28% Total 235,859 140,377 31,561* 22% • Area�established�by�both� Species planted End uses Enrichment�Tree� Planting�and�Industrial� Tree�Planting�Methods Kelampayan Face veneer, blockboard The�average�survival�rate� P.falcataria Blockboard, veneer of�the�planted�seedlings� is�above�95%. A.mangium Outdoor furniture, truck flooring, veneer Eucalyptus Sawn timber, veneer G.arborea Face veneer, sawn timber Company Overview 9
Planted Forest Operations Planted Forest Operations - Location Location - Bakun Dam Company Overview 10
Agenda Agenda Company Overview Financial Performance Operations Review Summary 11
5- -Year Financial Highlights Year Financial Highlights 5 *Financial Year changed to 30 June starting FY2012 ie 14 months RM’000 FY 2015 FY 2014 FY 2013 FY 2012* FY 2011 Revenue 1,032,209 1,033,342 1,054,098 1,183,684 870,912 EBITDA 171,916 172,970 111,539 283,680 234,963 EBIT 73,532 86,411 22,897 179,797 152,704 Operating Profit 35,817 60,385 (1,046) 149,828 136,111 Profit Before Tax 52,567 79,949 31,269 224,874 206,042 Profit After Tax 34,445 55,619 22,271 170,666 152,706 Earnings per Share 3.27 5.49 2.18 20.23 18.20 (sen) Financial Performance 12
3QFY2016 Financial Highlights 3QFY2016 Financial Highlights (Jan 2016 – – Mar 2016) Mar 2016) (Jan 2016 QoQ YoY RM’000 3Q FY16 3Q FY15 9M FY16 9M FY15 % % Revenue 229,413 243,142 -6% 777,374 793,350 -2% Gross Profit 33,688 46,672 -28% 193,899 164,930 18% Profit before Tax (7,594) 8,553 -189% 60,268 37,010 63% Profit net of Tax (7,045) 1,699 -515% 45,315 21,248 113% Earnings per Share (0.80) 0.07 -1318% 4.46 1.98 125% (sen) Financial Performance 13
Profit Performance by segment Profit Performance by segment Revenue Revenue PBT PBT Profit 9MFY16 RM’000 % RM’000 % Margin Timber products 504,149 65% 111,274 145% 22% Oil palm operations 272,775 35% (34,562) -45% -13% Operating results 776,924 100% 76,712 100% 10% Revenue Revenue PBT PBT Profit FY 2015 RM’000 % RM’000 % Margin Timber products 734,418 71% 124,305 121% 17% Oil palm operations 297,283 29% (21,494) -21% -7% Operating results 1,031,701 100% 102,811 100% 10% Financial Performance 14
Cash Flow Cash Flow Current Corresponding FY 2015 RM ’000 year-to-date year-to-date 31 Mar 2016 31 Mar 2015 Net cash generated from 102,172 110,170 89,200 operating activities Net cash used in investing (164,715) (175,324) (134,219) activities Net cash generated from/(used 24,158 117,596 65,400 in) financing activities Effect of exchange rate 19 - - changes Cash & cash equivalents at (64,944) (103,310) (64,944) beginning of financial period Cash & cash equivalents at end (103,310) (50,868) (44,563) of financial period Financial Performance 15
Balance Sheet Balance Sheet RM ’000 As at 31/3/16 As at preceding FY end 30/06/15 Non-Current Assets 2,925,378 2,793,527 Current Assets 296,773 293,785 Total Assets 3,222,151 3,087,312 Total Equity 1,819,387 1,775,110 Non-Current Liabilities 679,250 493,987 Current Liabilities 723,514 818,215 Total Equity & Liabilities 3,222,151 3,087,312 Net Asset per share (RM) 1.87 1.83 Financial Performance 16
Agenda Agenda Company Overview Financial Performance Operations Review Summary 17
Revenue Breakdown by Products Revenue Breakdown by Products 3QFY16 (Jan 16 – Mar 16) Jan 15 - Mar 15 3QFY15 PK (%) Plywood 5% 23% Plywood 29 CPO Logs 43 27% Sawn Timber 1 Veneer 8 FFB 5 FFB CPO 12 5% Logs PK 2 Veneer Sawn� 31% 7% Timber 2% Average Selling Price RM/m 3 3QFY16 3QFY15 FY2015 RM/MT 3QFY16 3QFY15 FY2015 Plywood 2,067 1,851 1,842 FFB 449 423 399 CPO 2,306 2,204 2,166 Logs 714 734 705 Sawn Timber 775 730 816 PK 1,955 1,645 1,400 Veneer 1,695 1,658 1,602 Source: Jaya Tiasa Holdings Berhad 18 Operations Review
Average Export Timber Price Trend Average Export Timber Price Trend USD/m 3 700 600 500 400 300 200 100 0 3Q FY14 4Q FY14 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q FY16 2Q FY16 3Q FY16 Logs Plywood Financial Performance 19
Average Palm Oil Price Trend Average Palm Oil Price Trend RM/MT 3000 2500 2000 1500 1000 500 0 3Q FY14 4Q FY14 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q FY16 2Q FY16 3Q FY16 FFB CPO PK Financial Performance 20
Timber Operation Timber Operation Revenue Breakdown by Countries Revenue Breakdown by Countries 3QFY15 3QFY16 (Jan 16 – Mar 16) % (Jan 15 – Mar 15) Japan 9 Hong Australia India 31 Taiwan Kong/China Asean 1% 12% 15% Middle East 7 3% Japan Taiwan 26 10% Korea 16 China / 8 Hong Kong USA 0 India 31% UK / Europe 0 Korea Middle East 26% 2% Asean 3 Australia 0 Operations Review 21
Timber Operation Timber Operation Logs Sales Performance Logs Sales Performance 1QFY11 ( May 10 – Jul 10) 3QFY16 (Jan 16 – Mar 16) 3QFY15 % (Jan 15 – Mar 15) Japan 5 Korea India 59 Japan 3% 5% Taiwan 25 China/Hong Kong 3 Taiwan 17% Asean 5 Korea 3 India 69% Asean 6% Operations Review 22
Timber Operation Timber Operation Plywood Sales Performance Plywood Sales Performance 3QFY16 (Jan 16 – Mar 16) 3QFY15 % (Jan 15 – Mar 15) Hong UK/Europe 0 Kong/China Taiwan Middle East 16 26% 11% Japan 16 Australia Korea 29 1% China/ 14 Hong Kong Taiwan 25 Asean 0 Korea 40% USA 0 Japan Middle East 17% 5% Operations Review 23
Timber Operation Timber Operation Sawn Timber Sales Performance Sawn Timber Sales Performance 3QFY15 % (Jan 15 – Mar 15) 3QFY16 (Jan 16 – Mar 16) Asean 0 China/Hong� Taiwan 81 Kong 24% Korea 11 Middle East 0 China/Hong Kong 8 India 0 Taiwan 76% Operations Review 24
Timber Operation Timber Operation Veneer Sales Performance Veneer Sales Performance 3QFY16 (Jan 16 – Mar 16) 3QFY15 % (Jan 15 - Mar 15) Taiwan 41 Taiwan 18% Australia Korea 52 7% Australia 7 China/Hong Kong 0 Asean 0 Korea 75% Operations Review 25
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