Speed up Django Website on Elastic Beanstalk

I have a Django based website running on elastic beanstalk (ec2 combination). It uses S3 for its static and media files + RDS for database. The website is very slow and as a result, I'm trying to install the pagespeed module for apache using Elastic Beanstalk configuration. But even after installation, I do not see any improvements whatsoever.

I used this link to setup pagespeed.

Additionally, doango-compressor isn't minifying the CSS and JS even when I'm using the 'compressor.filters.cssmin.CSSMinFilter' and 'compressor.filters.jsmin.JSMinFilter'.

Please suggest a way to speed up the website. Thanks