COMPANY PROFILE

PT Austindo Nusantara Jaya Tbk (“ANJT”) is a food and renewable energy company. ANJT engages principally in palm oil and sago palm production and processing for food. As for renewable energy, ANJT engages in geothermal and biogas power generation.

SHARE INFORMATION

# shares 3,354.2 mn# free float 253.5 mn# treasury stocks 42.7 mnListing date 8-5-2013IPO Price Rp 1,200Highest Rp 2,040Lowest Rp 900Close Rp 1.990

SHAREHOLDERS STRUCTURE

(per 31 December 2016) % PT Austindo Kencana Jaya 41.372PT Memimpin Dengan Nurani 41.372George Santosa Tahija 4.801Sjakon George Tahija 4.798Yayasan Tahija 0.000Public 7.657

CONTACT US

PT Austindo Nusantara Jaya TbkAtrium Mulia, 3A Floor, Suite 3A-02Jl. H.R. Rasuna Said Kav. B10-11Jakarta 12910 - IndonesiaT: +62 21 29651777F: +62 21 29651788E: investor.relations@anj-group.comwww.anj-group.com

2016 Highlights

PT Austindo Nusantara Jaya Tbk (“ANJT” or “the Company”) announced its operational performance for the full year of 2016.

2016 was a promising year for ANJT as the Company benefitted from a significant improvement in the Average Selling Price (ASP) for crude palm oil (CPO) and palm kernel (PK) from the ASP in 2015. In 2016, our revenue rose to USD 134.4 million, a 6.7% increase from USD 126.0 million in 2015 as a result of the higher ASP for our CPO and PK, combined with our exceptional efforts to limit the drop in production due to the adverse effect of El Nino.

Our net income in 2016 was USD 9.2 million, a substantial increase from the net loss in 2015 of USD 8.4 million. In addition, our EBITDA in 2016 grew by 49.0% to USD 35.3 million. While our revenue grew by 6.7% from 2015, our net income and EBITDA improved even more significantly than our revenue as a result of our prudent operational and financial management.

In December 2016, we proudly held the official grand

opening for the first line of our CPO mill at the West Kalimantan estate following the successful commissioning in October 2016. The mill has a design capacity of 2 x 45 tons per hour (tph) lines. All the harvest from West Kalimantan plantation is now being processed in the new mill.

In 2016, the Company made further progress in its sustainability commitments when its North Sumatra estate I at Binanga qualified for the Indonesian Sustainable Palm Oil (“ISPO”) certification, joining the other two producing plantations, Belitung and North Sumatra II, which received the ISPO certifications earlier in 2014 and 2015, respectively. These three producing plantations have for several years been members of the Roundtable Sustainable Palm Oil (“RSPO”) certification scheme. Meanwhile, our newly producing West Kalimantan Plantation has been audited by an accredited certification body and is in the final stage of fulfilling all the requirements for ISPO and RSPO certifications. In addition, the Company has further strengthened its sustainability commitments by publishing its Sustainability Policy in November 2016 as an umbrella policy relating to social and environmental matters

Photo: Corporate Communication

8 March 2017

Revenue from Sales and Service ConcessionsSales of our CPO and PK contributed USD 126.8 million, some 94.3% of our total revenue, an increase from USD 114.6 million or 91.0% of our total revenue in 2015. Our renewable energy segment contributed USD 6.4 million in 2016, a slight increase from USD 6.1 million in 2015. Meanwhile, the contribution from our tobacco sales to total revenue was only 0.8%, a decrease from 4.1% in 2015, in line with our strategy to gradually exit from the tobacco business and switch to higher value agricultural products, including edamame.

ExpensesOur cost of revenue increased slightly by 2.3% to USD 89.2 million, in line with the higher purchase of FFB from external parties and offset by a decrease in cost of revenue from tobacco sales. Our operating expenses decreased to USD 29.4 million, a reduction of USD 8.7 million or 22.9% from 2015, mainly due to the absence of termination charges, a non-recurring expense which occurred last year. Furthermore, our financial charges dropped by USD 2.0 million, a decrease of approximately 103.8% from 2015, reflecting the fact that substantially all of our bank loan financing was used to fund capital expenditures and hence the financing charges were capitalized to assets.

Net Income (Loss)Due to the increase in our revenue resulting from the increase in the ASP of CPO and PK, combined with the decrease in our operating expenses, the Company recorded a net income of USD 9.2 million, as compared to a net loss of USD 8.4 million in 2015. In line with the increase in our net income, EBITDA also increased by 49.0% to USD 35.3 million, and the EBITDA margin expanded from 18.8% to 26.3% in FY16.

Total Comprehensive Income (Loss)The appreciation of the Rupiah against the US Dollar from Rp 13,795 to USD 1 in 2015 to Rp 13,436 in 2016 has increased the net assets of some of the Company’s subsidiaries which maintain their bookkeeping records in Rupiah, by USD 1.7 million when their financial statements are translated from Rupiah to the US Dollar. In addition, in line with the increase in the ASP for CPO and PK, the fair value of our investment in palm plantation companies with ownership of less than 20% increased by USD 1.5 million. These

Table 2: Consolidated Statements of Comprehensive Income

2016 2015

Change"USD Thousands"

"Rp. Millions

(1)"

"USD Thousands"

"Rp. Millions (1)"

Total Revenue 134,443 1,789,037 125,994 1,687,312 6.7%Total Cost of Revenue (89,157) (1,186,413) (87,138) (1,166,953) 2.3%

Gross Profit 45,286 602,624 38,856 520,359 16.5%Total Operating Expenses, net (29,424) (391,543) (38,139) (510,754) 22.9%

Operating Profit 15,862 211,081 717 9,605 2111.6%Share in Net Income of Associates 3,431 45,659 1,769 23,690 94.0%

Financial Income/(Charges), net 73 972 (1,929) (25,829) 103.8%

Income Before Tax 19,366 257,712 558 7,466 3373.6%Tax Expense (10,167) (135,297) (8,944) (119,777) 13.7%Net Income/(Loss) 9,199 122,415 (8,386) (112,311) 209.7%Other Comprehensive Income

2,673 35,566 (7,819) (104,712) 134.2%

Total Comprehensive Income (loss)

11,872 157,980 (16,205) (217,023) 173.3%

EBITDA 35,296 469,684 23,689 317,239 49.0%EBITDA Margin (%) 26.3% 26.3% 18.8% 18.8% 39.6%1) The translation of US Dollar amounts into the Indonesian Rupiah amounts are included solely for the convenience of the readers and has been made using the average of the exchange rates of Rp 13,307 to USD 1 for 2016 and Rp 13,392 to USD 1 for 2015

INVESTOR NEWSLETTER | 29 JULI 2016

Operational Update

INVESTOR NEWSLETTER | 8 March 2017

The Company closed 2016 by recording a total FFB production of 663,399 mt, a decline of 12.3% YoY following the impact of El Nino in the 2015 production cycle. This drop in production was most noticeable at the Belitung Island plantation. Meanwhile, our newly mature West Kalimantan estate showed a significant increase in FFB production compared to the same period last year.

Table 1 : Production and Sales

2016 2015 Chg

FFB Production (tonnes)

FFB from our estates 663,399 756,674 -12.33%

Belitung Island 190,779 291,052 -34.45%

North Sumatra I 207,293 233,512 -11.23%

North Sumatra II 185,739 189,615 -2.04%

West Kalimantan 79,588 42,495 87.29%

FFB bought from third parties 177,883 136,191 30.61%

Total FFB processed 841,282 892,865 -5.78%FFB YIELD (tonnes per hectare)

Average yield * 18.89 22.74 -16.93%Belitung Island 14.49 21.27 -31.88%

North Sumatra I 21.12 23,80 -11,26%

North Sumatra II 23.48 23.97 -2.04%

West Kalimantan 10.24 6.87 49.05%

CPO Production (tonnes)

Total production 177,273 192,891 -8.10%

Belitung Island 45,947 67,278 -31.71%

North Sumatra I 57,196 58,798 -2.72%

North Sumatra II 53,751 55,465 -3.09%

West Kalimantan 20,379 11,350 79.55%

Palm Kernel production 38,283 44,204 -13.39%

CPO Sales (tonnes)

Total Sales 177,850 194,248 -8.44%

Belitung Island 47,500 68,450 -30.61%

North Sumatra I 58,150 60,548 -3.96%

North Sumatra II 53,950 54,750 -1.46%

West Kalimantan 18,250 10,500 73.81%

Palm Kernel sales 39,434 43,019 -8.33%

PRODUCTIVITY

OER - Own CPO 21.59% 21.97% -1.73%

CPO Average Selling Price (ex-mill) - USD

591 516 14.53%

PK Average Selling Price (ex-mill) - USD 512 336 -8.36%

* The average FFB Yield for FY16 and FY15 was calculated by excluding the newly mature West Kalimantan Plantation. Including the average FFB Yield of West Kalimantan Plantation, the average yield would be 17.2 and 20.1, respectively for FY16 and FY15.

In line with the decline in FFB production, CPO and PK production also declined by 8.1% and 13.4% to 177,273 mt and 38,283 mt respectively by the end of FY16, compared to 192,891 mt and 44,204 mt in FY15. Likewise, the Company also recorded a decrease in CPO and PK sales volumes by 8.4% and 8.3%, falling to 177,850 mt and 39,434 mt in FY16 compared to 194,248 mt and 43,019 mt in FY15.

In FY16 the CPO and PK market price trend continued to improve resulting in an ASP for CPO and PK in FY16 of USD 591/mt and USD 512/mt, an improvement on the FY15 ASPs of USD 516/mt and USD 336/mt, respectively. As a result, CPO and PK sales revenue rose 10.6% to USD 126.8 million from USD 114.6 million in the same period last year, despite the lower production.

Financial Highlights

INVESTOR NEWSLETTER | 29 JULI 2016INVESTOR NEWSLETTER | 8 March 2017

DISCLAIMER: This document has been prepared by PT Austindo Nusantara Jaya Tbk. (“ANJ” or the “Company”) for informational purposes only. Certain statements herein may constitute “forward-looking statements”, including statements regarding the Company’s expectations and projections for future operating performance and business prospects. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Such forward-looking statements speak only as of the date on which they are made. Accordingly, the Company expressly disclaims any obligation to update or revise any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard to new information, future events or other circumstances. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. By reviewing this document, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company 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 Company

two components contributed to other comprehensive income of USD 2.7 million. As a result, the Company reported total comprehensive income of USD 11.9 million, as compared to a total comprehensive loss of USD 16.2 million in 2015.

Our Assets and Liabilities PositionBy the end of FY16, total assets had increased by 11.6% to USD 525.1 million, mainly due to additions in palm plantation and fixed assets in line with the Company’s investments in West Kalimantan, newly developed estates in West Papua and the sago starch mill in West Papua.

Total liabilities increased by 31.1% from USD 130.0 million to USD 170.5 million, primarily driven by an increase in bank loan balances to support the Company’s expansion and development. The Company was still able to maintain prudent debt to equity and debt to asset ratios of 0.48 and 0.32 respectively in FY16, despite the significant increase in the bank loan balance.

Financing FacilitiesAs of 31 December 2016, ANJT and its subsidiaries collectively have bank loan facilities amounting to the equivalent of USD 240.6 million, comprising short-term loan facilities of USD 50.6

Table 3: Consolidated Statements of Financial Position

2016 2015

Change"USD Thousands"

"Rp. Millions

(2)"

"USD Thousands"

"Rp. Millions

(2)"Current Assets 64,410 865,406 51,690 713,064 24.6%Non-current Assets 460,698 6,189,941 418,754 5,776,711 10.0%

Total Assets 525,108 7,055,347 470,444 6,489,775 11.6%Current Liabilities 45,041 605,169 55,893 771,050 -19.4%Non-current Liabilities 125,419 1,685,128 74,121 1,022,494 69.2%

Total Liabilities 170,460 2,290,298 130,014 1,793,544 31.1%Equity Attributable to The Owner of The Company

354,491 4,762,942 340,275 4,694,090 4.2%

Total Equity 354,648 4,765,049 340,430 4,696,231 4.2%2) The translation of US Dollar amounts into the Indonesian Rupiah amounts are included solely for the convenience of the readers and has been made using the Bank Indonesia middle rate as of 31 December 2016 of Rp 13,436 to USD 1 and as of 31 December 2015 of Rp 13,795 to USD 1

Other Corporate Updates

Sago MillCommercial operation commenced in the first quarter of 2017, upon the completion of the on-going production trials. The sago plant has a capacity of 1,250 tons per month, which can be expanded to 2,500 tons per month in the future.

Sale of investment in PT Agro MukoOn 6 December 2016, the Company entered into a conditional sale and purchase of shares agreement (CSPA) with Sipef NV to sell the Company’s 10.87% ownership in PT Agro Muko for USD 44.3 million. As of the date of this newsletter, the conditions precedent in CSPA have not yet been fully completed and therefore, the Company has not recognized the sale. After the completion of the sale, the Company will retain a 5% ownership in PT Agro Muko.

ERP ProjectOn 3 January 2017, the Company completed the roll out of its Enterprise Resource Planning (ERP) project in our subsidiary in Belitung Island. This ERP pilot project is to integrate the business processes and information systems within the Company using SAP S/4HANA. Following the successful roll out of its ERP project in the Belitung Island plantation, the Company will continue the roll out in other subsidiaries. The project is expected to be completed in the first quater of 2018.

Extraordinary General Meeting of Shareholders (“EGMS”)On 20 February 2016, the Company held an EGMS to approve the appointment of Mr. Darwin Cyril Noerhadi as the Company’s Independent Commissioner and the resignation of Mr. Ridha D.M. Wirakusumah as the Company’s Independent Commissioner. Mr. Darwin Cyril Noerhadi has also been appointed as the Head of the Audit Committee replacing Mr. Ridha D.M. Wirakusumah.

Photo: Corporate Communication

million and a long-term loan facility of USD 190.0 million. The long-term loan facility is intended for our West Papua projects, our CPO mill at West Kalimantan and our planned investment in edamame processing equipment. The outstanding balance of these bank loans by the end of FY16 was USD 130.8 million.