“To Become A World-class Plantation Company” Investor Update January 2018 DISCLAIMER NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. The information that follows is a presentation of certain information about PT Sawit Sumbermas Sarana Tbk. (“SSMS” ), its parent, PT Citra Borneo Indah (“CBI”), and their respective subsidiaries (together, the “Group”) prepared by SSMS and CBI. 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Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offering of securities is to be made by any member of the Group in the United States. This presentation is not an offer of securities for sale in Indonesia and does not constitute a public offering in Indonesia under Law Number 8 of 1995 regarding Capital Markets and its implementing regulations. In particular, neither the information contained in this presentation nor any copy hereof may be, directly or indirectly, taken or transmitted into or distributed in the United States or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of U.S. or other national securities laws. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted. By attending this presentation, you acknowledge that you will be solely responsible for your own assessment of the market position of the Group and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Group. The information contained in this presentation is provided as of the date of this presentation and is subject to change without notice. By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein. 2 Table of Contents 01 Introduction 02 Business Overview 03 Key Credit Highlights 04 Operational Analysis 05 Financial Analysis 06 Appendix 3 01. Introduction Sawit Sumbermas Sarana – Fast Growing Palm Oil Plantation Company in Indonesia COMPANY OVERVIEW SHAREHOLDING STRUCTURE1 • Founded in 1995, SSMS is a fast growing Central Kalimantan- Citra Borneo Group (68.88%) based palm oil plantation company with young maturity profiles 58.48% 8.13% 2.27% 31.12% (8.0 years) and strong yields PT. Citra PT. Putra Jemmy Borneo Indah Borneo Agro Public Adriyanor • SSMS has 95,770 Ha of prime land under management, with (CBI) Lestari most areas having mineral soil characteristics, flat terrain, as well as land permits / land rights, and are strategically located to key infrastructure 81% 81% • SSMS owns and operates 19 oil palm estates, covering 70,984 hectares of planted area, which includes six palm oil mills and 19% 19% 99% 99% PT. Surya PT. Mitra PT. Kalimantan one kernel crushing plant PT. Citra Borneo Borneo Industri Mendawai Sejati Sawit Abadi Utama (CBU) (SBI) (MMS) (KSA) • SSMS’s 16,040 Ha of unplanted area serves as base for organic growth 99% 99% 99% 99% PT. Mirza PT. Menteng PT. Tanjung PT. Sawit Multi Pratama Putra Kencana Mas Sawit Abadi Utama (SMU) (MPP) (MKM) (TSA) 70,984 Ha 23.1% 4.5 MT/ha 19.4 MT/ha 8.3 years CPO Yield per Mature FFB Yield per Mature Average Plant Planted Area(2) Oil Extraction Rate(3) Hectare(4) Hectare(4) Maturity(2) Note: 1. Post the reorganization of CBI based on the shareholders register of the Company as of October 31, 2017. 2. As at 30 September 2017. 3. For the period of 9M 2017. 4. For the period of FY2016. 5 Key Company Milestones 2017 1995 2010 2012 •Total planted area of 2014 2016 PT Sawit Sumbermas Sarana Annual CPO Annual CPO 70,984Ha with mill Annual FFB processing Total planted was incorporated in Central production surpasses production surpasses capacity of surpasses 1,000,000MT area of 68,307Ha Kalimantan 100,000MT 200,000MT 375MT/hour •Targeting to expand plantation by 5,000Ha in 2018 2013 2011 2015 2009 •Fourth Palm Oil Mill Third Palm Oil and Total planted area of Planted area surpasses commissioned at Selangkun Kernel Crusher Plant 66,201Ha post the 30,000Ha; Natai Raya •Listing on the Indonesia commissioned at acquisition of TSA, SMU, Palm Oil Mill Stock Exchange with 1.5 Suayap MKM and MPP commissioned billion new shares issued 2000 First 103Ha palm oil 71 plantation planted 66 68 59 50 51 46 2006 41 First production of CPO at 36 Sulung Palm Oil Mill 31 25 18 15 8 3 - 0 0 1 1995 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 9M '17 Total Planted Area (‘000 Hectares) 6 02.