Strictly Private & Confidential

PT Tiga Pilar Sejahtera Food TbkPublic ExposeDecember 2012

Shareholding Structure and 2012 Stock Chart Performance

Shareholders %

Major Shareholder group 59.4%

Public – Institution 20.3 172 institutions

Public – Personal 20.3 1,761 person

Total 100.0%

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Source:

http://www.bloomberg.com

Corporate structure

65%

PT Tiga Pilar

PT Dunia Pangan

(“DP”)

PT Bumiraya

Investindo (“BRI”)5

PT Patra Power

Nusantara (“PPN”)

PT Charindo Palma

PT Airlangga Sawit

Jaya (“ASJ”)

PT Mitra Jaya Agro

Palm (“MJAP”)

PT Tugu Palma

PT Indo Beras

Unggul (“IBU”)4

Palm OilRiceFood

Manufacturing

Basic and

Consumer Food

Independent

Power Producer

99.9%

99.9%

99.9%

99.9%

70%

99.9%

99.9%

99.9%

33

PT Poly Meditra

Indonesia (“PMI”)

PT Tiga Pilar

Sejahtera (“TPS”)

PT. Balaraja Bisco

Paloma

PT Muarabungo

Plantatation (“MBP”)

PT Charindo Palma

Oetama (“CPO”)

PT Tugu Palma

Sumatra (“TPSum”)

PT Jatisari Srirejeki

(“JSR”)3

99.9%

99.9%

99.9%

99.9%

99.9%

99.9%

99.9%

PT. Putra Taro

Paloma

99.9%

PT Tandan Abadi

Mandiri (“TAM”)

99.9%

Company Overview

Basic food and consumer food Rice processing and distribution Palm oil plantation

• TPSF has 3 main businesses, namely (i) basic food and consumer food, (ii) rice processing and distribution, and

(iii) palm oil plantation.

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• Comprises basic food (dried noodle,

vermicelli) and consumer food (instant

noodle, snack, biscuit and candy).

• Over 50 years experience.

• Network of about 90 distributors in

Java, Sumatra, Kalimantan, Sulawesi

and Bali with more than 58,300 outlets

in modern trade and traditional trade.

• Acquired Taro in end of 2011 (Taro was

a renowned snack brand from

Unilever).

• Having 2 modern rice mills, each with

rice processing capacity of 500 tons of

dry paddy/day and wet paddy

processing capacity of 1,000 tons/day.

• Total silo and warehouse capacity of

44,000 tons.

• Drying technology allows paddy storage

up to 12 months.

• Sources paddy from local co-operatives

and farmers in Java.

• Total concession area of about 93k ha,

of which 19% or 15k ha is planted.

• JV with Bunge on 1 Nov 2011, whereby

Bunge acquires 35% shareholding in

new shares of BRI.

Northern

Sumatra

West

East

Kalimantan Manado

Distribution Networking

Taro

Food, Taro and Rice

Food and Taro

Taro and Rice

Future

Rice

Lampung

West Sumatra

West

JavaCentral

Java East Java

West

Kalimantan

Kalimantan Manado

Jabodetabek

Bali and

Lombok

South Sumatra

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Papua

South

Sulawesi

Southeast

Sulawesi

Central

Sulawesi

West

Sulawesi

Central

Kalimantan

South

Kalimantan

• 2012 Indonesia Best Brand Award.

Awarded by Swa Magazine to TARO and MIE KREMEZZ, September 2012

• Best 100 listed Company, Kompas 100.

Recognized by Kompas and BEI

• One of 18 companies supporting MP3EI (Master Plan for Acceleration and Expansion of

Indonesia Economic Development)

Awarded by Indonesian Government on Jakarta Food Security Summit 2012

• A-List Best 40 listed companies.

Awarded by Forbes Indonesia Magazine, September 2011

The Last 2 years Awards and Achievements

• Top 10 Best CEO 2010.

Awarded by Swa Magazine to CEO TPSF, Joko Mogoginta, November 2010

• Corporate Governance Award 2010 as Most Improved Company.

Awarded by IICD cooperate with Investor Magazine.

• Indonesia Original Brand 2010.

Awarded by SWA Magazine to one of TPSF’s brand, Ayam 2 Telor.

• Excellent Brand Award 2010 (Regional Consumer Choice).

Awarded by TATV cooperate with Richmark and SurveyOne.

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TPS Food – Overview

Consumer food *Basic food

Products

• Superior

• Ayam 2 Telor

• Filtra

• Superior

• Filtra

• Putri Jagung

• Hahamie

• Mie Kremez

• Shorr

• Growie • Taro

• Krup N Krip (incl.

Potatozz)

• Gulas

Dried noodle Dried vermicelliInstant / snack

noodleBiscuit Snack Candy

• TPSF classifies basic food as food that can be a substitute to staple food (e.g. dried noodle and dried vermicelli) - usually requiring

preparation - and consumer food as products that are readily consumable by end-customers.

• Our four core markets are in: (i) dried noodle & vermicelli, (ii) snack & snack noodle, (iii) biscuit and (iv) candy.

• TPSF has been an official food supplier for various humanitarian food programs (International Relief and Development since 2002,

United Nations’ World Food Program and Ministry of Health since 2005). Products for the UN programs are used locally and for export.

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Capacity

Products • Filtra

• Kurma

• Spider

Sales volume

2011

1H 2012

• Putri Jagung

• Yumi

• Raja

• Shorr

• Fetucini

• Bonding

Potatozz)

54,000 tons/year 24,000 tons/year 9,472 tons/year54,000 tons/year500 mil**

packages/year3,240 tons/year

35,816 tons

(Rp.284.8 bil)

21,642 tons

(Rp.172.8 bil)

13,538 tons

(Rp.119.5 bil)

12,496 tons

(Rp.112.5 bil)

579 mil packages

(Rp.205.7 bil)

227 mil packages

(Rp.79.3 bil)

17,852 tons

(Rp.191.7 bil)

5,996 tons

(Rp.69.5 bil)

1,383 tons

(Rp.58.5 bil)

2,279 tons

(Rp.160.02 bil)

1,790 tons

(Rp.39.5 bil)

639 tons

(Rp.14.2 bil)

Gross margin

(1H 2012)36% 24% 48%21%24% 36%

Raw materials

• Wheat flour • Wheat flour

• Cooking oil

• Rice

• Corn flour

• Tapioca flour

• Wheat flour

• Cooking oil

• Wheat flour

• Corn

• Cooking oil

• Sugar

• Flavouring

* Excluded Wafer and Others

** Capacity for instant noodle only; if it’s for snack noodle, then the capacity will be higher.

Taro Snack – Overview (1st year contribution )

• TPSF acquired Taro brand from Unilever at Rp. 250 billion at the end of 2011

• 2012 Net Sales forecast of Taro = Rp. 297 billion.

• Taro is the vehicle to get into the high margin snack market, also as an umbrella brand due to its

long standing brand existence and recognition in Indonesia.

• Taro is the market leader in terms both of awareness ( top of mind ) and market share.

• Taro’s market share in 2012 is 24.7% (Mars Indonesia), while in 2010 was 7.4% ( AC Nielsen ).

Ratio Analysis 2011

YTD

September

2012

B 2012*

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Gross margin 49.9% 49.2% 50.7%

Distribution cost / net sales 22.2% 8.9% 15.0%

A & P cost / net sales 8.1% 6.7% 15.0%

Overhead cost / net sales 3.6% 1.9% 3.8%

Operating profit / net sales 15.9% 31.8% 16.9%

EBITDA / net sales 15.9% 33.9% 19.4%

Plan of New Launched Products BASIC FOOD - NEW LAUNCHED PRODUCTS PLANNING

No New ProductsPlanning will

be launchedTarget Market Target Distribution

Expected

additional Turn

Over

Picture

1 Premium Vermicelli SuperiorDecember

2012

Hotel, Restaurant,

Catering

High-End Modern

Market

150 million /

month

(@20.000/pcs)

2 Dried NoodleNovember

2012Hawkers and Housewives Traditional Market

1.35 billion/month

(@2.000/pcs)(@2.000/pcs)

3Big Dried Noodle & Premium

Dried Noodle2013

Hotel, Restaurant,

CateringTraditional Market, 4.5 billion / month

Institution Market

( HoReKa ),

Modern Market

4 Corn Vermicelli ( from Subafood ) 2013 Hawkers and housewives Traditional Market,208 billion at 1st

year

Modern Market

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Plan of New Launched Products CONSUMER FOOD - NEW LAUNCHED PRODUCTS PLANNING

No New ProductsPlanning will be

launchedTarget Market Target Distribution

Expected additional

Turn OverPicture

1Bihunku (new packaging with

styrofoam)2Q 2013 Primary : Women Modern Market TBA

- Ayam Bawang Pedas Secondary : Man

- Goreng Special Pedas 20 - 40 years old

SES A,B,C

2 Cups Vermicelli 2013 Primary : Women Modern Market TBA

Secondary : Man

20 - 40 years old

SES A,B,C

3 Snack Noodle 1Q 2013 Primary and Elementary Students Modern Market TBA

- Mie Kremez Special 6 - 17 years old

- Shorr Special SES A,B,C

- Fetucini Special

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- Fetucini Special

- Bonding Special

4 Biscuit Growie Oktober 2012 Midle Up Modern Market 60 billion at 1st year

SES A,B

Primary and Secondary Ages

5 Gulas Jars 150gram 2013 Primary : Women Premium 212 million

Secondary : Man Supermarket ( on 1st production

>20 years oldas seasonal

products)

6 Taro net new variant launching 1Q 2013 Primary : kids 6-12 years old Modern Market TBA

( Vegetable flavor & 3D shape ) Secondary : adult 26-40 years old

7 New Taro product category 2Q 2013 Primary : kids 6-12 years old Modern Market TBA

( non melting chocolate ) Secondary : adult 26-40 years old

TPSF’s Corporate Action and Latest Development of TPS Food

• Investment in new dried noodle production line

• Cost: IDR 12.5 bio

NEW INVESTMENTNEW INVESTMENT

PLAN TO ISSUE BONDPLAN TO ISSUE BOND

• Bond amount : 1 Trillion

• Tenor : 5 years

• Target issue : 1Q 2013

• 99% of proceeds will be used for loan refinancing.

• Capacity to increase by 1,000 ton / month

• As the point of entry to high margin market and part of production diversification strategy

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NEW ACQUISITIONNEW ACQUISITION

• Value: 100 billion (1 x Sales)

• Strong Brand presence however with only one area with strong distribution channel, West Java

• Utilization rate is only 50% , producing Corn Vermicelli

• Corn vermicelli market growth is very strong, hence TPS needs to expand its production line with existing

good brand.

• Double the revenue up to IDR 200 bio from buying price by using our existing distribution channels.

Product TreeProduct TreeAYAM JAGO

Product Plan – Brand Extension

Latest Development of TPS Rice

Q3 2012

•Get ISO 22000 and HACCP Food Safety Management certification.

•Get SNI 6128 : 2008 certification for Indonesian Rice Quality Standard.

PT INDO BERAS UNGGULFOOD SAFETY MANAGEMENT SYSTEM

certified by : ILFA - IPB

No. LSIPB-ISO22000-325-2012

No. LSIPB-HACCP-327-2012

(ISO 22000:2005) & HACCP

PremiumAs Umbrella

BrandSpecialty

Special

Edition

Q4 2012

Q1 2013

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Modern Trade and Local Modern Market

AYAM JAGO JATISARI PRIVATE LABEL

Product Plan – Product Mapping

Latest Development of TPS Rice

Q1 2013

Do private label order from

Supermarket and Minimarket

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General Trade

AYAM JAGO

West JavaSumatra, Bangka, Batam, Kalimantan

Product Plan – Product Mapping

Other Managed Brand

Latest Development of TPS Rice

Ayam Jago Biru

Q4 2012

Economic GT ( @50Kg) – Jabodetabek & West Java

(Using by traders as rice seed to be mixed with other type of rice.)

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TPS Palm Oil – Overview

Total concession area as of 31 Dec 2011: 92,899 ha

13,141 ha

• Acquired new palm oil plantation “ PT. Tandan Abadi

Mandiri” (14,000 ha) in October 2012.

• TPSF currently has a total of 7 palm oil plantations with

concession area of about 93k ha, of which 15k ha (or 19% of

total concession area) is planted.

• TPSF currently have a palm oil mill in BRI’s plantation with

production capacity of 30 tons FFB/hour. The mill is

commence operations in 4Q 2012.

5,279 ha8,779ha29,000 ha10,200 ha

14,000 ha

BRI

MJAP TPSum MBP CPO ASJ

12,500 ha

TAM

• TPSF and Bunge Agribusiness Singapore Pte Ltd (a wholly-

owned subsidiary of Bunge Limited (NYSE: BG) entered

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Total concession area as of 31 Dec 2011: 92,899 ha

Land profile by area

owned subsidiary of Bunge Limited (NYSE: BG) entered

into a joint venture with respect to BRI, the oil palm

plantation subsidiary of TPSF.

• BRI‘s post capital injection equity value was agreed at

US$123 mil.

• Bunge acquired 35% stake in new shares of BRI for approx

US$43 mil.

• Now BRI is having 3 Commissioners and 3 Directors. The

President Commissioner and the President Director are

nominated by TPSF, while Bunge has each 1 seat in Board

of Directors and Board of Commissioners.

Plantations Profile

BRI MJAP

TPSum

• Concession area – 13,141 Ha

• Planted – 7,894 ha; unplanted – 5,247 Ha

• 60% of planted area is matured

• Nursery – 280,800 seedlings ( for 1650 Ha )

• 90km from Port Tanjung Serdang

• Average age of matured palm oil tree – 7 year

• FFB yield of mature planted area – 13MT/Ha/year

• Estimated FFB production in 2012 – 60,000MT

• 30 MT/hour mill expected to commence

operations in 4Q2012

1

3

2

• Concession area – 29,000 Ha

• Concession area – 10,200 Ha

• Planted – 4,553 Ha; unplanted

– 5,647 Ha

• 25% of planted area is matured

• 350km from Banjarmasin port

• Average age of matured palm

oil tree – first year matured

• FFB yield of matured planted

area – 6 MT/Ha/year

• Estimated FFB production in

2012 – 7,000MT

1

23

45

67

16

TAM

MBP

CPO7

4

6• Concession area – 29,000 Ha

• Unplanted – 29,000 Ha

• 100-120km from Tembilahan

Port and Kuala Tungkal

Harbour

• Concession area – 12,500 Ha

• Planted - 500 Ha; Unplanted –

12,000 Ha

• 250km to Palembang port

• Concession area – 8,779 Ha

• Planted – 1,764 Ha; unplanted –

7,015 Ha

• 0% of planted area is matured

• Nursery – 107,650 seedlings ( for

600 Ha )

• 230km from Pontianak port

• Average age of palm oil tree – 1,5

years

• Concession area – 14,000 Ha

• Planted – 700 Ha*; unplanted –

13,300 Ha

• 0% of planted area is matured

• Located in Jambi, Sumatra

ASJ5

• Concession area – 5,279 Ha

• Planted – 913 Ha; unplanted –

4,366 Ha

• 0% of planted area is matured

• Nursery – 105,000 seedlings (for

600 Ha)

• 230km from Pontianak port

• Average age of palm oil tree – 1.5

years

*SPH still below standard and needs more improvement.

Picture of TPS Palm Oil

Picture of Matured Plants Picture of Main NurseryPicture of Pre Nursery

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Picture of InfrastructurePicture of Stacking

Financial Highlights – segmental breakdown

(in Rp. bil) Food Rice1 Palm Oil Total

Revenue 946.2 725.9 80.7 1,752.8

Gross profit 295.8 101.02 25.5 422.32

Gross margin 31% 14% 32% 24%

2011

Revenue breakdown:

1. JSR acquisition became effective in Dec 2010.

1818

1H 2012

(in Rp. bil) Food Rice Palm Oil Total

Revenue 594.4 670.7 20.8 1,285.9

Gross profit 197.7 75.1 -5.5 267.3

Gross margin 33% 11% -26% 21%

Financial Highlights – segmental breakdown projections

(in Rp. bil) Food Rice Palm Oil Total

Revenue 1,501 1,358 115 2,974

Gross profit 471 184 7 662

Gross margin 31% 14% 6% 22%

2012

(in Rp. bil) Food Rice Palm Oil Total

Revenue 2,026 2,997 225 5,248

2013 ( Preliminary Forecast )

1919

Gross profit 634 472 65 1,171

Gross margin 31% 16% 29% 22%

2014 (Preliminary Forecast)

(in Rp. bil) Food Rice Palm Oil Total

Revenue 2,560 4,376 304 7,240

Gross profit 828 742 83 1,653

Gross margin 32% 17% 28% 23%

PT. Tiga Pilar Sejahtera Food, Tbk Agenda for 4th Quarter 2012 and 2013 :

1. Investment in Human Resources and mapping and concentrating more marketing and

sales force toward target area ( weak area ).

2. Launch new products.

3. Improve and invest certain machinary for noodles, snacks etc.

4. Improve product range by taking over Subafood.

5. Improve gross margin.

6. Satellite production to reduce transportation cost ( inherent to Indonesia distribution

Business Strategies

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6. Satellite production to reduce transportation cost ( inherent to Indonesia distribution

problem - island and segmented market).

Board of Commissioners

Anton Apriyantono President Commissioner

• Graduated in 1982 and earned his Master Degree in 1988 from Bogor Institute of Agriculture, earned

his Doctor Degree from Reading University, UK in 1992.

• He is a national figure who is very familiar in the field of agriculture, especially food technology.

Previously, he served as Minister of Agriculture of the United Indonesia Cabinet

• Appointed as President Commissioner of PT. Tiga Pilar Sejahtera Food Tbk since June 12, 2012.

Kang Hongkie Widjaja Vice President Commissioner

• Graduated from Belair Management Business College, London, in 1977 and completed his studies at

Trisakti University in 1982.

• Appointed as Commissioner of the Company since 1997. Previously, he served as Director of Pabrik Mie

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• Appointed as Commissioner of the Company since 1997. Previously, he served as Director of Pabrik Mie

Asia from 1980 to 1993.

Hengky Koestanto Commissioner

• Completed studies at the University of Minnesota Twin Cities majoring in Science in Biosystem and

Agricultural Engineering in 1988.

• Appointed as Business Development Manager of PT Tiga Pilar Sejahtera Food Tbk in 1999, Operational

Director in 2007. Previously was a Commissioner of PT Poly Meditra Indonesia from 2003-2006.

• Joined the board of commissioners in 2011.

Board of Commissioners

Bondan Haryo Winarno Independent Commissioner

Prof. Dr. Ir. Haryadi, MAppSc Independent Commissioner

• Earner his PhD from the University of New South Wales, Australia, in 1988.

• Held position as Commissioner of PT Tiga Pilar Sejahtera Food Tbk since 2002.

• Taught at various universities, including Faculty of Agriculture at Gajah Mada University since 1978;

Akademi Teknik Marsudi Luhur, Yogyakarta, from 1981 to 1982; Institut Pertanian Yogyakarta from

1987 to 1988; Universitas Widya Mataram Yogyakarta from 1988 to 1989; and UNISRI Surakarta from

2000 to 2002.

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• Graduated from both the Dipanagara Academy of Journalism and the University of Diponegro’s School

of Architecture in 1970, and furthered his studies at University of Prof. Dr. Moestopo, School of Public

Relations, Jakarta, in 1972.

• Communication consultant for several companies, editorial board member of Suara Pembuaran,

Independent Commissioner of Detik.Com, freelance columnist, and a presenter of a TV program on

Indonesian traditional culinary.

Board of DirectorsJoko Mogoginta President Director

• Graduated from Gajah Mada University, Food Technology faculty, Yogyakarta, in 1991.

• Began his career when he incorporated PT Tiga Sejahtera Food Tbk and was appointed President Director in 2003.

• President Commissioner of PT Bumiraya Investindo since 2006.

• Voted as Indonesia’s Top 10 Best CEO in 2010 by SWA magazine.

Budhi Istanto Director

Achmad Subchan Director

• Graduated from the University of Sebelas Maret, Surakarta, 1995.

• Director of PT Tiga Pilar Sejahtera since 1990, Director of PT Poly Meditra Indonesia since 2006, and President

Director of PT Sriwijaya Panganindo Prima Lestari since 2002 and Commissioner of PT Poly Meditra Indonesia from

2003 to 2006.

• Joined the Board of Directors of PT. Tiga Pilar Sejahtera Food Tbk in 2011.

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Achmad Subchan Director

• Graduated from Bogor Institute of Agriculture majoring in Agricultural Engineering in 1985.

• He’s professional in the field of oil palm plantation. Previously, had joined Medco Agro group for 11 years and

served his last position as President Director .

• Director of PT. Bumiraya Investindo from 2006 to 2011, President Director of PT. Bumiraya Investindo since 2011.

• Joined the Board of Directors of PT. Tiga Pilar Sejahtera Food Tbk since June 12, 2012.

Jo Tjong Seng Non Affiliated Director

• Graduated from Bogor Institute of Agricultural majoring in Food Technology in 1989.

• Practitioner and professional with decades of experience in the field of marketing, promotion and distribution,

also previously, sat on the senior management of Orang Tua group.

• Appointed as the Non-Affiliated Directors of PT. Tiga Pilar Sejahtera Food Tbk since June 12, 2012.

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