Corporate Presentation 1st Quarter 2015 (period ended 30 Sep 2014) Updated�November�2014 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 2014 – June 2015) Volume (m 3 ) 92,000 1,104,000 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 69,873 ha. Planted 66,509 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 66,509 hectares 59,031 hectares Plantable Area: 69,873 ha) Company Overview 7
Crude Palm Oil Crude Palm Oil ������������������� P CPO Mill MT per hour MT Per Month Total MT Per Annum Wealth Houses CPO Mill 90 40,500 486,000 Daro Jaya 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 9,246* 27% LPF 0024 Bahau Linau 108,144 62,027 9,775* 16% LPF 0028 Guanaco Maujaya 71,828 44,317 12,036* 27% Total 235,859 140,377 31,058* 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 2014 FY 2013 FY 2012* FY 2011 FY 2010 Revenue 1,033,342 1,054,098 1,183,684 870,912 746,001 EBITDA 172,970 111,539 283,680 234,963 108,652 EBIT 86,411 22,897 179,797 152,704 28,535 Operating Profit 60,385 (1,046) 149,828 136,111 19,134 Profit Before Tax 79,949 31,269 224,874 206,042 40,036 Profit After Tax 55,619 22,271 170,666 152,706 25,075 Earnings per Share 5.49 2.18 20.23 18.20 2.93 (sen) Financial Performance 12
1QFY2015 Financial Highlights 1QFY2015 Financial Highlights (Jul 2014 – – Sep 2014) Sep 2014) (Jul 2014 QoQ YoY RM’000 1Q FY15 1Q FY14 3M FY15 3M FY14 % % Revenue 261,864 245,468 7% 261,864 245,468 7% Gross Profit 75,476 65,209 16% 75,476 65,209 16% Profit before Tax 32,479 26,008 25% 32,479 26,008 25% Profit net of Tax 23,821 19,475 22% 23,821 19,475 22% Earnings per Share 2.43 1.97 23% 2.43 1.97 23% (sen) Financial Performance 13
Profit Performance by segment Profit Performance by segment Revenue Revenue PBT PBT Profit 3MFY15 RM’000 % RM’000 % Margin Timber products 165,249 63% 30,449 68% 18% Oil palm operations 96,450 32% 14,176 32% 15% Operating results 261,699 100% 44,625 100% 17% Revenue Revenue PBT PBT Profit FY 2014 RM’000 % RM’000 % Margin Timber products 711,849 75% 49,826 60% 7% Oil palm operations 321,267 25% 33,486 40% 10% Operating results 1,033,116 100% 83,312 100% 8% Financial Performance 14
Cash Flow Cash Flow Current Corresponding FY 2014 RM ’000 year-to-date year-to-date 30 Sep 2014 30 Sep 2013 Net cash generated from 186,846 (4,606) 16,576 operating activities Net cash used in investing (188,358) (35,596) (46,200) activities Net cash generated from/(used (70,135) 29,269 (24,941) in) financing activities Effect of exchange rate 8 (1) 8 changes Cash & cash equivalents at 6,695 (64,944) 6,695 beginning of financial period Cash & cash equivalents at end (64,944) (75,878) (47,862) of financial period Financial Performance 15
Balance Sheet Balance Sheet RM ’000 As at 30/09/14 As at preceding FY end 30/06/14 Non-Current Assets 2,632,983 2,604,567 Current Assets 425,636 407,848 Total Assets 3,058,619 3,012,415 Total Equity 1,778,989 1,755,170 Non-Current Liabilities 408,741 425,655 Current Liabilities 870,889 831,590 Total Equity & Liabilities 3,058,619 3,012,415 Net Asset per share (RM) 1.83 1.81 Financial Performance 16
Agenda Agenda Company Overview Financial Performance Operations Review Summary 17
Revenue Breakdown by Products Revenue Breakdown by Products 1QFY15 (Jul 14 – Sep 14) Jul 13 - Sep 13 1QFY14 PK (%) Plywood CPO 2% 24% Plywood 32 21% Logs 29 Sawn Timber 2 Veneer 5 FFB 16 FFB CPO 15 15% Logs PK 1 Veneer Sawn� 29% 7% Timber 2% Average Selling Price RM/m 3 1QFY15 1QFY14 FY2014 RM/MT 1QFY15 1QFY14 FY2014 Plywood 1,882 1,890 1,877 FFB 394 392 443 CPO 2,194 2,157 2,394 Logs 682 645 654 Sawn Timber 818 906 857 PK 1,403 1,239 1,557 Veneer 1,627 1,752 1,548 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 1Q FY13 2Q FY13 3Q FY13 4Q FY13 1Q FY14 2Q FY14 3Q FY14 4Q FY14 1Q FY15 Logs Plywood Financial Performance 19
Average Palm Oil Price Trend Average Palm Oil Price Trend RM/MT 3500 3000 2500 2000 1500 1000 500 0 1Q FY13 2Q FY13 3Q FY13 4Q FY13 1Q FY14 2Q FY14 3Q FY14 4Q FY14 1Q FY15 FFB CPO PK Financial Performance 20
Timber Operation Timber Operation Revenue Breakdown by Countries Revenue Breakdown by Countries 1QFY14 1QFY15 (Jul 14 – Sep 14) % (Jul 13 – Sep 13) Japan 5 Hong UK/Europe Kong/China India 28 Taiwan 1% 14% Asean 24% Middle East 1 5% Taiwan 28 Japan 9% Korea 23 China / 10 Hong Kong Korea India USA 0 20% 26% Middle East UK / Europe 1 1% Asean 4 Australia 0 Operations Review 21
Timber Operation Timber Operation Logs Sales Performance Logs Sales Performance 1QFY11 ( May 10 – Jul 10) 1QFY15 (Jul 14 – Sep 14) 1QFY14 % (Jul 13 – Sep 13) Japan 4 Hong�Kong�/� India 69 Japan China Korea 5% 7% Taiwan 16 2% China/Hong Kong 2 Taiwan 22% Asean 7 Korea 2 India 54% Asean 10% Operations Review 22
Timber Operation Timber Operation Plywood Sales Performance Plywood Sales Performance 1QFY15 (Jul 14 – Sep 14) 1QFY14 % (Jul 13 – Sep 13) UK/Europe 1 Hong UK/Europe Taiwan Kong/China Middle East 3 1% 22% 24% Japan 6 Korea 40 China/ 16 Hong Kong Taiwan 34 Japan Asean 0 16% Korea USA 0 Middle East 35% 2% Operations Review 23
Timber Operation Timber Operation Sawn Timber Sales Performance Sawn Timber Sales Performance 1QFY14 % (Jul 13 – Sep 13) 1QFY15 (Jul 14 – Sep 14) Asean 59 Taiwan 12 China/Hong� Kong Korea 4 24% Middle East 0 China/Hong Kong 9 India 16 Asean 76% Operations Review 24
Timber Operation Timber Operation Veneer Sales Performance Veneer Sales Performance 1QFY15 (Jul 14 – Sep 14) 1QFY14 % (Jul 13 – Sep 13 ) Taiwan 70 China�/�Hong� Kong Australia 3 2% Korea 27 Korea 43% Taiwan Australia 53% 2% Operations Review 25
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