1

Corporate Presentation

2nd Quarter 2016(period ended 31 Dec 2015)

Updated February 2016

2

AgendaAgenda

Financial Performance

Operations Review

Summary

Company Overview

3

Company OverviewCompany 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

• 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 marketCompany Overview

Round logs Plywood Sawn Timber Veneer Fresh Fruit Bunch

4

Timber Concession AreaTimber Concession Area

Company Overview

Forest Concession

License No.

T/3113 T/3114 T/3044 T/3352

T/3353

T/3370

T/3371

T/3372

Total

Gross Area (Hectares) 65,487 78,838 50,648 518,238 713,211

Extraction Quota(July 2015 – June 2016)

Per Month Total Per Annum

Volume (m3) 78,000 936,000

Large timber concession area and quota in

Malaysia

5Company Overview

Timber Concession Timber Concession -- locationlocation

Bakun Dam

6

Timber Production CapacityTimber Production Capacity

Products Total Installed Production Capacity

Plywood Production (m3)Per Month

Per Year

35,000

420,000

Veneer Production (m3)Per Month

Per Year

27,000

324,000

Sawn Timber Production (m3)Per Month

Per Year

9,000

112,800

JTP1 & N,

Putai

RHP, Tg

Ensurai

JTP2, Tg

Ensurai

JTTP, Tg

Manis

The Group downstream processing activities are carried out by its 3 wholly

owned subsidiary companies:-

7

Oil Palm OperationsOil 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

Company Overview

PLANTED TO-DATE

Oil Palm Plantations

Total Land Area

Planted Area Matured Area

83,483 hectares (Estimated

Plantable Area: 69,589 ha)69,589 hectares 60,787 hectares

8

Crude Palm OilCrude Palm Oil

324,00027,00060Daro Jaya CPO Mill

486,00040,50090Wealth Houses CPO Mill

60

MT per hourCPO MillMT Per Month Total MT Per

Annum

Lassa CPO Mill 27,000 324,000

Production CapacityP

9

PLANTED TO-DATE

28%12,265*44,31771,828Guanaco MaujayaLPF 0028

16%9,909*62,027108,144Bahau LinauLPF 0024

28%9,387*34,03355,887Merirai BaluiLPF 0023

22%31,561*140,377235,859Total

LPF Project Gross Area (Ha) Plantable Area (Ha) Planted to-date (Ha) % Planted

Species planted End uses

Kelampayan Face veneer, blockboard

P.falcataria Blockboard, veneer

A.mangium Outdoor furniture, truck flooring, veneer

Eucalyptus Sawn timber, veneer

G.arborea Face veneer, sawn timber

Reforestation Reforestation (Planted Forest Operation)(Planted Forest Operation)

Sustainable forest management, reforestation and renewable

resources to ensures long-term growth

•Area established by both

Enrichment Tree

Planting and Industrial

Tree Planting Methods

The average survival rate

of the planted seedlings

is above 95%.

Company Overview

10

Planted Forest Operations Planted Forest Operations

-- LocationLocation

Company Overview

Bakun Dam

11

Company Overview

Operations Review

Summary

AgendaAgenda

Financial Performance

12

55--Year Financial HighlightsYear Financial Highlights

Financial Performance

*Financial Year changed to 30 June starting FY2012 ie 14 months

2.18

22,271

31,269

(1,046)

22,897

111,539

1,054,098

FY 2013

20.23

170,666

224,874

149,828

179,797

283,680

1,183,684

FY 2012*

18.20

152,706

206,042

136,111

152,704

234,963

870,912

FY 2011

86,41173,532EBIT

60,38535,817Operating Profit

5.49

55,619

79,949

172,970

1,033,342

FY 2014RM’000 FY 2015

Revenue 1,032,209

EBITDA 171,916

Profit Before Tax 52,567

Profit After Tax 34,445

Earnings per Share

(sen)3.27

13

2QFY2016 Financial Highlights2QFY2016 Financial Highlights(Oct 2015 (Oct 2015 –– Dec 2015)Dec 2015)

RM’000 2Q FY16 2Q FY15QoQ

%6M FY16 6M FY15

YoY

%

Revenue 330,336 288,345 4% 547,960 550,209 0%

Gross Profit 87,634 42,783 105% 160,210 118,259 35%

Profit before Tax 35,259 (4,022) 977% 67,861 28,458 138%

Profit net of Tax 27,691 (4,272) 748% 52,359 19,550 168%

Earnings per Share

(sen)2.76 (0.51) 637% 5.25 1.92 174%

Financial Performance

14

Profit Performance by segmentProfit Performance by segment

FY 2015Revenue

RM’000

Revenue

%

PBT

RM’000

PBT

%

Profit

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

6MFY16Revenue

RM’000

Revenue

%

PBT

RM’000

PBT

%

Profit

Margin

Timber products 358,345 65% 86,741 105% 24%

Oil palm operations 189,575 35% (4,455) -5% -2%

Operating results 547,920 100% 82,286 100% 15%

15

Cash FlowCash Flow

Financial Performance

RM ’000

Current

year-to-date

31 Dec 2015

Corresponding

year-to-date

31 Dec 2014

Net cash generated from

operating activities89,033 40,245

Net cash used in investing

activities(139,187) (81,063)

Net cash generated from/(used

in) financing activities108,624 36,782

Effect of exchange rate

changes0 0

Cash & cash equivalents at

beginning of financial period(103,310) (64,944)

Cash & cash equivalents at end

of financial period(44,840) (68,980) (103,310)

(64,944)

19

24,158

(164,715)

102,172

FY 2015

16

Balance SheetBalance Sheet

RM ’000 As at 31/12/15 As at preceding FY end

30/06/15

Non-Current Assets 2,901,691 2,793,527

Current Assets 298,421 293,785

Total Assets 3,200,112 3,087,312

Total Equity 1,817,789 1,775,110

Non-Current Liabilities 689,947 493,987

Current Liabilities 692,376 818,215

Total Equity & Liabilities 3,200,112 3,087,312

Net Asset per share (RM) 1.87 1.83

Financial Performance

17

AgendaAgenda

Company Overview

Financial Performance

Summary

Operations Review

18

Revenue Breakdown by ProductsRevenue Breakdown by Products

Operations Review

1,602

816

705

1,842

FY2015

1,5901,732Veneer

877745Sawn Timber

RM/m3 2QFY16 2QFY15

Plywood 2,188 1,788

Logs 779 650

Source: Jaya Tiasa Holdings Berhad

Average Selling Price

1,400

2,166

399

FY2015

390397FFB

2,1312,105CPO

1,2611,318PK

RM/MT 2QFY16 2QFY15

2QFY16 (Oct 15 – Dec 15)

8FFB

18CPO

7Veneer

2PK

2QFY15Oct 14 - Dec 14

(%)

Plywood 25

Logs 38

Sawn Timber 2

Logs

30%Veneer

11%

CPO

23%

PK

3%

FFB

8%

Plywood

24%

Sawn

Timber

1%

19

Average Export Timber Price TrendAverage Export Timber Price Trend

Financial Performance

0

100

200

300

400

500

600

700

2Q FY14 3Q FY14 4Q FY14 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q FY16 2Q FY16

USD/m3

Logs Plywood

20

Average Palm Oil Price TrendAverage Palm Oil Price Trend

Financial Performance

0

500

1000

1500

2000

2500

3000

2Q FY14 3Q FY14 4Q FY14 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q FY16 2Q FY16

RM/MT

FFB CPO PK

21

Revenue Breakdown by CountriesRevenue Breakdown by Countries

Operations Review

0UK / Europe

0USA

5Asean

1Australia

2QFY15

(Oct 15 – Dec 15)%

Japan 7

India 35

Middle East 4

Taiwan 16

Korea 24

China /

Hong Kong8

2QFY16 (Oct 15 – Dec 15)

Taiwan

14%Asean

5%

Hong

Kong/China

12%Australia

1%

Japan

8%

Korea

29%

India

31%

Timber OperationTimber Operation

22

Logs Sales PerformanceLogs Sales Performance

Operations Review

1QFY11 ( May 10 – Jul 10)

1Korea

2QFY15

(Oct 14 – Dec 14)%

Japan 3

India 66

Taiwan 18

China/Hong Kong 2

Asean 10

2QFY16 (Oct 15 – Dec 15)

Taiwan

11%

Japan

7%

India

70%

Asean

12%

Timber OperationTimber Operation

23

Plywood Sales PerformancePlywood Sales Performance

Operations Review

0UK/Europe

0Asean

0USA

2QFY15

(Oct 14 – Dec 14)%

Middle East 10

Japan 13

Korea 51

China/

Hong Kong18

Taiwan 8

2QFY16 (Oct 15 – Dec 15)

Korea

45%

Hong

Kong/China

28%

Taiwan

14%

Australia

1%

Japan

11%

Middle East

1%

Timber OperationTimber Operation

24

Sawn Timber Sales PerformanceSawn Timber Sales Performance

Operations Review

0Middle East

0Korea

74Taiwan

0Asean

19India

7China/Hong Kong

2QFY15

(Oct 14 – Dec 14)%

Timber OperationTimber Operation

2QFY16 (Oct 15 – Dec 15)

Taiwan

89%

China/Hong

Kong

11%

25

Veneer Sales PerformanceVeneer Sales Performance

Operations Review

6Australia

57Korea

0Asean

0China/Hong Kong

37Taiwan

2QFY15

(Oct 14 - Dec 14)%

Timber OperationTimber Operation

2QFY16 (Oct 15 – Dec 15)

Korea

78%

Taiwan

20% Australia

2%

26

Timber Production Timber Production UtilisationUtilisation

Operations Review

Jaya Tiasa

Plywood S/B

Rimbunan

Hijau

Plywood S/B

Jaya Tiasa

Timber

Products S/B

Total

Installed

Production

Capacity

Plywood

Production (m3)

Per Month

Per Year

15,000

180,000

10,000

120,000

10,000

120,000

35,000

420,000

Veneer

Production (m3)

Per Month

Per Year

27,000

324,000

27,000

324,000

Sawn Timber

Production (m3)

Per Month

Per Year

8,200

98,400

800

14,400

9,000

112,800

Timber OperationTimber Operation

FY20156MFY16

22%

66%

42%

Production

Utilisation

2,000

17,800

14,800

Total Actual

Production

20%1,800Per MonthSawn Timber

Production (m3)

59%15,900Per MonthVeneer

Production (m3)

31%10,700Per MonthPlywood

Production (m3)

Production

Utilisation

Total Actual

Production

Note: Total actual production based on Jul 14 to Jun 15 figures

27

Oil Palm OperationsOil Palm Operations

Operations Review

69,589

2,133

16,287

5,448

2,933

8,580

9,841

4,099

5,757

9,645

4,866

Estimated

Plantable

area (ha)Plantation

Land

Area

(ha)

Project

Commence

Project

Complete

Development

work achieved in

percentage

Planted

to-date

(ha)

Immature

(ha)

Matured

(ha)

Simalau Plantation 5,003 2002 2005 100% 4,866 0 4,866

Hariyama Plantation 10,600 2003 2007 100% 9,645 0 9,645

Wealth Houses

Plantation6,000 2004 2007 100% 5,757 0 5,757

Lepah Plantation 5,149 2005 2009 100% 4,099 0 4,099

Daro Plantation 11,681 2005 2011 100% 9,841 0 9,841

Eastern Eden Plantation 10,000 2006 2015 100% 8,580 2,020 6,560

Poh Zhen Plantation 5,000 2009 2015 100% 2,933 2,933 0

Sawai Plantation 6,050 2006 2012 100% 5,448 0 5,448

Lassa Plantation 21,300 2005 2015 100% 16,287 3,849 12,438

Kabang Plantation 2,700 2008 2010 100% 2,133 0 2,133

Total 83,483 69,589 8,802 60,787

Planting Schedule as at December 2015

28

Oil Palm ProjectionsOil Palm Projections

13.83

766,467

22.7%

61.7%

15.6%

65,681

30-Jun-2014

(Actual)

12.50

740,013

39.8%

46.0%

14.3%

69,054

30-Jun-2015

(Actual)

16.8716.4514.99FFB yield

1,155,0001,060,000935,000FFB production (MT)

75.2%64.5%53.8%

Prime mature (%)

(>7 years)

0.0%7.4%12.3%

Immature (%)

(<4 years)

24.8%28.1%33.9%

Young mature (%)

(4-7 years)

69,589

30-Jun-2018

69,589

30-Jun-2017

69,589

30-Jun-2016

Planted area (ha)

Operations Review

Significant contribution from oil palm sector in

the next few years

29

Oil Palm YieldOil Palm Yield

Operations Review

399

740,013

193,063

67,158

67,649

58,256

112,903

43,509

34,058

35,336

182,673

45,750

61,436

75,487

251,374

84,484

91,056

75,834

FY 2015

443

766,467

167,637

52,616

61,700

53,321

151,452

53,453

41,025

56,974

213,327

60,606

69,656

83,065

234,051

79,042

74,160

80,849

FY 2014

423

666,899

167,280

64,403

57,071

45,806

127,591

40,030

41,052

46,509

179,534

51,160

61,088

67,286

192,493

68,269

57,862

66,362

FY 2013

397

508,581

234,029

65,391

73,039

95,599

274,552

96,926

95,967

81,659

FY 2016

YTD TOTAL (MT)

Jul

Aug

Sep

1Q

Oct

Nov

Dec

2Q

Jan

Feb

Mar

3Q

Apr

May

Jun

4Q

Average selling price

(RM/MT)

Monthly

Fresh Fruit Bunch

Production

Volume

(metric tonnes)

* Financial Year has been restated accordingly

30

Potential for higher FFB yields• Our prime mature palm trees has been able to achieve a high FFB yield

of 24.16 MT/ha

• With a young weighted average age profile of approximately 7 years

old, Jaya Tiasa will continue to enjoy exponential growth

3.44

11.11 11.77 11.97 12.7114.82

19.15

24.16

0

5

10

15

20

25

4 5 6 7 8 9 10 11

FFB yield against age profile of treesFFB yield

(MT/ha)

Age profile (years)

31

A leading earnings growth• Jaya Tiasa was one of the earliest among listed timber companies to

venture into palm oil industry, a vision that will continue to reward

shareholders for the foreseeable years

• Jaya Tiasa has planted on average of 4,639 ha per year since 2002

885 922

2388

3525

7198 7527

12086

9027

6866

4593

35284200

29363373

535

0

2000

4000

6000

8000

10000

12000

14000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Oil palm planting (2002 - 2015)ha

32

Plantation Overview

Prime

Mature

54%

Immature

12%Young

Mature

34%

8,802 ha-Immature (<4 years)

23,368 ha-Young mature (4-7 years)

37,419 ha- Prime mature (>7 years)

69,589 haPlanted area

69,589 haPlantable area

83,483 haLandbank

Young Profile of trees with significant contribution from the sector in the very

near future. 21% of the planted trees are aged 10 years and older

Plantations profile

0

200

400

600

800

1000

1200

1400

FY15 FY16 FY17 FY18

Th

ou

san

ds

26%20%

16%Projected CAGR

37,419 Ha

27,456 Ha

14,918 Ha

7,720 Ha

54%FY16

39%FY15

21%FY14

11%FY13

Prime Mature Profile

Note: % is on total planted area

33

Palm Oil MillsPalm Oil Mills

Operations Review

1,2611,318Average PK selling price (MYR/MT)

2.9%

3,354

2,131

17.1%

19,841

2QFY15

(Oct 14 – Dec 14)

2,105Average CPO selling price (MYR/MT)

2.8%PK Extraction Rate

4,918PK Production (MT)

17.1%CPO Extraction Rate

2QFY16

(Oct 15 – Dec 15)Mill Production

CPO Production (MT) 30,458

34

Palm Oil MillsPalm Oil Mills

Operations Review

65,000Wealth House plantation45Jul 2009Mill 1

30,00090Completed

70,000Hariyama Plantation60Jun 2016Mill 4

95,000

70,000

Capital Expenditure

(RM’000)

Lassa Plantation120Mar 2015Mill 3

Sep 2013

Date

Commission

60

Capacity

(MT / hour)

Daro Jaya PlantationMill 2

Location of Palm Oil mills Mills

35

Oil Palm Operations Oil Palm Operations -- LocationLocation

Operations Review

36

AgendaAgenda

Company Overview

Financial Performance

Operation Review

Summary

37

Summary: TimberSummary: Timber

Log Extraction Quota

(July 2014 – June 2015) Per Month Total Per Annum

Volume (m3) 78,000 936,000

Timber Products

Total Installed

Production Capacity

Plywood Production (m3) Per Year 420,000

Veneer Production (m3) Per Year 324,000

Sawn Timber Production (m3) Per Year 112,800

Forest Concession

License No. T/3113 T/3114 T/3044 Others* Total

Gross Area

(Hectares)65,487 78,838 50,648 518,238 713,211

*Others refer to T/3352, T3353, T/3370, T/3372

38

Summary: Oil PalmSummary: Oil Palm

39.8%

46.0%

14.3%

69,504

30-Jun-2015

(Actual)

53.8%

33.9%

12.3%

69,589

30-Jun-2016

64.5%

28.1%

7.4%

69,589

30-Jun-2017

75.2%Prime mature (%)

(>7 years)

0%Immature (%)

(<4 years)

24.8%Young mature (%)

(4-7 years)

69,589

30-Jun-2018

Planted area (ha)

Plantation Profile

PLANTED TO-DATE

Oil Palm Plantations

Total Land Area

Planted Area Matured Area

83,483 hectares (Estimated

Plantable Area: 69,589 ha)69,589 hectares 60,787 hectares

39

Summary: Oil PalmSummary: Oil Palm

39

3.44

11.11 11.77 11.97 12.7114.82

19.15

24.16

0

5

10

15

20

25

4 5 6 7 8 9 10 11

FFB yield against age profile of trees

3186461747

99858

180684

359100

604836666899

766467740013

2007 2008 2009 2010 2011 14M12 2013 2014 2015

FFB Production (MT)

Plantations profile

CAGR: 48%

Young

Mature

34%

Immature

12%Prime

Mature

54%

8,802 ha-Immature (<4 years)

23,368 ha-Young mature (4-7 years)

37,419 ha- Prime mature (>7 years)

69,589 haPlanted area

69,589 haPlantable area

83,483 haLandbank

4040

No. 1- 9 Pusat Suria Permata

Jalan Upper Lanang 10A

96000 Sibu, Sarawak, Malaysia

www.jayatiasa.net

Investor Relation Webpage Linkhttp://www.jayatiasa.net/usr/investor_relations.html

41

This presentation was prepared for informational purposes only and shall not be

copied, or relied upon by any other person for whatever purpose. This presentation

must be viewed in conjunction with the oral presentation provided by officers of Jaya

Tiasa Holdings Berhad. Nothing in this presentation constitutes accounting, legal,

regulatory, tax or other advice. The reader(s) of this document should consult his/her

own professional advisors about the issues discussed herein. This presentation is not

intended as an offer or solicitation with respect to the purchase or sale of any

investment product and nothing herein should be construed as a recommendation to

transact in any investment product.

DisclaimerDisclaimer