Mill T&O

[Audio] Mill T&O Meeting Date : 24 Nov 2023. Mill T&O.

[Audio] 1. Mill Performance Target by 31-Dec-2023 : PAT USD4,000,000 (before interest & depreciation) To improve net profit Net Profit : Actual as 2021, 2022, YTD-21(OCT), YTD-22(OCT) and YTD-23(OCT) until Oct 2023. Actual (IDR) 2021 2022 2023 (Budget) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 26280000000 60890000000 25800000000 51800000000 -5620000000 -915000000 -2646000000 -1662000000 -5301000000 4427000000 -909000000 2248000000 2471000000 -1482000000 -1859000000 Budget (IDR) 2021 2022 2023 (Budget) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 76240000000 64200000000 7400000000 6400000000 5300000000 4500000000 6700000000 4900000000 6800000000 7700000000 7600000000 6900000000 Target (2023) Actual Oct’23 Target Oct’23 Remark : Actual lost for Oct’23 = - IDR 1,859,000,000 . Actual Lost YTD-23 (OCT) = - IDR 5,620,000,000..

[Audio] Mill Maintenance – Fix Cost / Month. Mill Maintenance – Fix Cost / Month.

[Audio] 2. FFB Supply Vs Process FFB Received vs Process : Actual as YTD-21(OCT), YTD-22(OCT), YTD-23(OCT), until Oct 2023. FFB Receive Actual (Mt) 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 253027.21000000002 255025.75 248394.36000000002 22511 22320 27252 17706 26093 25872.66 29545.19 25421 24895.51 26778 FFB Receive Budget (Mt) 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 312800.07083328004 185980.48762625465 244927.08903905394 255518.60272734967 23560.005312496 22657.605099996159 22958.405170829443 23259.205241662716 22356.805029162875 24763.20559582912 27169.606162495358 29340.951585721516 29876.806799994883 29576.006729161592 FFB Processed (Mt) 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 253812.11999999997 254930.13 247528.90999999997 22499.19 22312 27264 17745.919999999998 25892 25897.51 29669.05 24939 25441.24 25869 Target YTD-23 (OCT) Oct’23 FFB Received Oct’23 FFB Processed FFB Received & Process FFB Received FFB Processed FFB Processed FFB Received Received Received Received Received Received Process Process Process Process Process Process Process Process Process Remarks : FFB Received in month of OCt’23 = 26,778 Mt, below target, Mill Processed 25,869 Mt. Mill process slightly lower than 26,000Mt/Month. FFB Received until YTD-23(OCT)- 248,394 Mt . FFB Process until YTD-23(OCT) – 247,529 Mt ..

[Audio] Mill Throughput & Capacity Utilization Improve Capacity Utilization above 100% (base on throughput 50tph with 20 hours operation a day and 26 days a month). 26,000 tons/month FFB Mill Througput (FFB MTPH) 2021 2022 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 45.55 46.17 50 46.025185083895153 45.318600000000004 50.836199999999998 51.143000000000001 52.03 52.87 51.79 52.48 50.436999999999998 52.024000000000001 47.12 48.058 50.41 Capacity Utilization (%) 2021 2022 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 101.13 100.26 100 101.525048 101.68810400000001 95.203457692307694 86.535346153846149 85.815384615384616 104.86153846153844 68.253846153846155 99.584615384615375 99.605807692307692 114.11173076923076 95.919230769230765 97.850923076923081 99.496153846153845 Target YTD-23 (OCT) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Utilization (%) Throughput Utilization (%) Utilization (%) Throughput Throughput Throughput Throughput Throughput Throughput Utilization (%) Throughput Throughput Throughput Throughput Throughput Throughput Throughput Remark : Oct’23 Mill Throughput = 50.41 TPH above target. Oct’23 Capacity Utilization = 99.50%. Near target. FFB receiving are inconsistent during Low crop and long drought season. YTD-23(OCT) – Mill Throughput (50.84 TPH). Still higher compared to YTD-22(OCT) dan YTD-21(OCT). YTD-23(OCT) – Capacity Utilization (95.20%) Lower compared to YTD22(OCT) dan YTD21(OCT)..

[Audio] Mill Process – Yields ( OER / KER ) OER(%) 2021 2022 2023 (Target) YTD-21(OCT) YTD-22(OCT) YTD-23(OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 0.1996 0.19170000000000001 0.19750000000000001 0.20047999999999999 0.19070000000000001 0.18863000000000002 0.18970000000000001 0.1885 0.18509999999999999 0.18110000000000001 0.18779999999999999 0.187 0.1857 0.19359999999999999 0.19289999999999999 0.19489999999999999 KER(%) 2021 2022 2023 (Target) YTD-21(OCT) YTD-22(OCT) YTD-23(OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 5.3600000000000002E-2 5.6000000000000001E-2 5.7500000000000002E-2 5.3677939751956227E-2 5.6499999999999995E-2 5.4119999999999988E-2 5.57E-2 5.5E-2 5.4199999999999998E-2 5.5500000000000001E-2 5.3199999999999997E-2 5.2600000000000001E-2 5.2400000000000002E-2 5.3699999999999998E-2 5.4899999999999997E-2 5.3999999999999999E-2 YTD-23(OCT) OER & KER Oct’23 OER & KER KER (%) OER (%) KER (%) OER (%) KER (%) OER (%) KER (%) KER (%) KER (%) KER (%) KER (%) OER (%) OER (%) OER (%) KER (%) KER (%) OER (%) OER (%) OER (%) KER (%) * OER/KER (%) Include sortation . Remarks : Oct’23 OER = 19.49%, below target, highest in 2023. YTD23(OCT) OER = 18.86%, OER gradually improved Oct’23 KER = 5.40%, below target but gradually improved. YTD23(OCT) KER = 5.41%,.

[Audio] Mill Process – Expected OER / KER base on Lab sample analysis Result of FFB sampling analysis on OER/KER from January to to-date October 2023 Expected Yield: OER = 17.74% KER = 5.34 YTD23(SEP) Yield: OER = 18.88% KER = 5.40 Remarks: YTD yield still above expected yield based on Lab analysis.

[Audio] Mill Process - Oil & Kernel Loss Performance Oil Loss (%) 2021 2022 2023 (Target) YTD-21(OCT) YTD-22(OCT) YTD-23(OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 1.7899999999999999E-2 2.12E-2 1.4999999999999999E-2 1.7669917006210727E-2 2.0969999999999999E-2 2.1589999999999998E-2 2.1299999999999999E-2 2.2200000000000001E-2 2.3400000000000001E-2 2.2499999999999999E-2 2.1299999999999999E-2 2.24E-2 1.95E-2 2.0500000000000001E-2 2.2599999999999999E-2 2.0199999999999999E-2 Kernel Loss (%) 2021 2022 2023 (Target) YTD-21(OCT) YTD-22(OCT) YTD-23(OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 3.7000000000000002E-3 3.5000000000000001E-3 3.0000000000000001E-3 3.4786728280599547E-3 3.5300000000000006E-3 2.9399999999999995E-3 2.8E-3 2.8999999999999998E-3 2.8999999999999998E-3 2.8999999999999998E-3 3.0000000000000001E-3 3.0000000000000001E-3 3.0999999999999999E-3 2.8999999999999998E-3 3.0000000000000001E-3 2.8999999999999998E-3 YTD-23 (OCT) Oct’23 Target Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Kernel Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Oil Lost (%) Remark Oil loss in Oct’23 = 2.02%, lower compared to previous month. Kernel loss in Oct’23 = 0.29%.- Kernel loses improve and under control. YTD-23 (OCT) Oil Loses = 2.16%, Oil Lost are high, CST installation in progress and Mill recycle condensate and Ex-deoiling water for Press dilution to recover oil lost. YTD-23 (OCT) Kernel Loses = 0.29% still within target, mill will improve further on the Kernel Losses.

[Audio] Mill Process – Detail of Oil Loss Remarks – Oct’23 Oil lost lower compared to previous month, mill still trying to improve oil loses on EFB. USB & Ex-De-oiling losses are recovered back during process. CST installation work in progress – project to overcome underflow oil contain high in CST..

[Audio] Mill Process - Buyer Rejection , Engineering Improvement Claim 2021 2022 2023 (Target) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 37 59 1 29 0 1 4 3 2 2 5 4 6 2 Eng. Improvement 2021 2022 2023 (Target) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 6 9 10 6 0 0 1 0 1 1 1 0 1 1 Claim Target Oct’23 YTD-23 (OCT) Claim Claim Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Eng. Improve Claim Claim Claim Claim Claim Claim Remarks Oct’23 – 2 claim on Kernel off spec. due to dirt contain and Moisture. Until YTD 23 (OCT) there are 279 claim accumulated due to CPO & kernel off-spec. Oct’23 there are 1 engineering improvement on water recycling to prevent water wastage..

[Audio] Mill Process - Buyer Rejection , Detail Remarks Oct’23 – Kernel Off Spec. are due to 1 claim on dirt contain and 1 claim on Moisture. Moist. due to lower heating while running higher throughput..

[Audio] Mill Maintenance - Limit mill breakdown to 8 hours per month, or 1.6% per total processing hours 2021 (Avg) 2022 (Avg) 2023 (Target) 2023 YTD (Avg) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 15.907499999999999 8.9416666666666664 8 7.9289999999999994 6.82 4.24 6.13 1.7 16.489999999999998 7.04 4.3099999999999996 12.44 14.05 6.07 YTD-23 (OCT) Target Oct’23 Remark : Mill Breakdown in Oct’23 = 6.07 hour within target. Average Mill Breakdown until YTD-23 (OCT) 7.93 hr./month manage breakdown within target..

[Audio] Remark : Mill Breakdown in Oct’23 = 6.07 hour due to BPV safety Valve and EFB Conveyor E..

[Audio] Mill Maintenance -Unit Cost per Mt FFB Process Maintenance Unit Cost IDR (Kg/FFB) 2021 2022 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 26.041589649977787 34.91672160271839 43.467581160485935 25.338359258848634 30.136248016164711 37.099058239567263 31.292114643682726 28.079000761025455 37.030992147520529 37.092795630564638 30.591440560404756 31.978646882653965 41.501146674733441 29.917600243630666 71.757728416335823 29.434256858788505 YTD-23 (OCT) Target Oct’23 Remark : Oct’23 Maintenance Unit Cost/ Mt FFB = IDR 29.43 Kg FFB, within budgeted YTD 23(OCT) Maintenance Unit Cost/ Mt FFB = IDR 37.10 Kg FFB managed within budget..

[Audio] Mill Maintenance -Maintenance Cost per Mt FFB Process Maintenance Cost (IDR) 2021 2022 2023 (Target) YTD-21 (OCT) YTD-22 (OCT) YTD-23 (OCT) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 7796357151 10569577946.26 13596659387 6431182680.8100004 7664455823.3199997 9183097980.8499985 704047232.86999989 626498664.9799999 1009612969.9099996 658248751.25999999 792073578.99000001 828167327.42999983 1231299595.7500002 746126700.34000015 1825588368.6399999 761434790.67999983 Target YTD-23 (OCT) Oct’23 Remark : Oct’23 Maintenance Cost = IDR 761 Billion, lower compared to previous month. YTD 23(OCT) Total maintenance cost spend = IDR 9.183 Billion still within Budget..

[Audio] EHSS - Full legal compliance Target Remarks ISPO 2023 Q4 - ISPO Certified ISPO certified. PROPER 2023 mid – Register for PROPER assessment DONE Rated : Blue ( Year 2022/2023).

[Audio] EHSS - Final Discharge BOD, COD Monitoring Target : Zero Incident LIMIT BOD Limit Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 100 120 8.3000000000000007 74.3 12.7 75 33.299999999999997 38.1 37 28.3 31 COD Limit Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 350 246 19.5 212.29 27.7 192 76.150000000000006 76.72 74.86 70.14 73.81 Oct’23 Oct’23 BOD – 31.00 ppm within permissible limit COD – 73.81 ppm within permissible limit Final discharge meet the permissible limit by DLH.

[Audio] 5. EHSS - Accident & Lost Time Injury (LTI) Target : Zero Incident Minor Accident 2021 2022 2023 (Target) 2023 (To-date) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 4 7 0 3 0 0 0 2 0 0 0 1 0 Major Accident 2021 2022 2023 (Target) 2023 (To-date) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 0 0 0 1 0 0 0 0 0 1 0 0 0 Fatalities 2021 2022 2023 (Target) 2023 (To-date) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 0 0 0 0 0 0 0 0 0 0 0 0 0 Lost time Injury (LTI) 2021 2022 2023 (Target) 2023 (To-date) Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 8 11 0 5 0 0 0 0 0 5 0 0 0 YTD-23 (SEP) Sep’23 Target Remark : In Sep’23 – Zero Accident. Year to-date 2023 until September – 3 Minor accident, 1 major recorded with 5 days Lost Time Injury..

[Audio] Continues Improvement Items Objectives Target Completion Remark 1. PLN Sub-station and 555KVA Electricity supply. Reduce Operation Cost Q3 2023 To get management approval 2. BIOCNG Plant Improve GHG and Mill waste Q4 2024 Work in Progress 3. BSF Project Turn Mill Waste into Revenue TBC Work in Progress 4. Install Vertical Clarifier Improve yield / OER Q3 2023 Commissioning 5. Install Standby Machine – Conveyors Improve process stability Q3 2023 Work in Progress 6. Increase / Upgrade Digester Improve yield /OER TBC To Study further 7. Install Activated Sludge Bed Improve Final Discharge Q3 2023 Commissioning 8. Install Sparing System Comply with DLH Regulation Q2 2023 Done.

[Audio] T&O 2023 – Additional T&O Items 1. To find ways to harvest the mini plantation in PT ADS. Action Plan Person- in-charge: Target Date Remark We will bring this for discussion with PON WEN JYE/ Pak Arumugam/ Steven Lim Yu Jian/ RONNY WONG SENG SIONG, to find solution on legality of harvesting FFB from mini plantations and how we can sensibly respond IA. Facilitator Close 2. No environmental incidents and to ensure compliance of final discharge. Action Plan Person- in-charge: Target Date Remark Factory Controller to schedule two (2) spot audits in 2023, work closely with Mill Manager Steven Lim Yu Jian and RONNY WONG SENG SIONG on the compliance and improvement of final discharge quality. Final discharge quality to be discussed regularly during the monthly mill performance review meeting. Facilitator: Danny Chua Joey, Factory Control W4 May W2 Oct 1s Audit 2nd Audit.

[Audio] Business Development Project: Remark Buy more land by: Collect from small pieces or acquire ready land Perform study and discussion before accept or decline a deal Regular meetings to review and discuss opportunities Prioritize land for ADS 4. Increase the number of potential deals Currently studying on the moratorium as per the Izin etc. Still actively pursuing to purchase PT with HGU (clean and clear) Every department to provide 3 ideas that is commercially viable. This will be part of Individual KPP. - Think of upgrading of the waste to become valuable products Think of upgrading of the products value by transforming it into different type of products In progress.

[Audio] END Meeting Date : 24 Nov 2023. END. Meeting Date : 24 Nov 2023.