#1ASTRA AGRO LESTARI Prosper with the Nation PT ASTRA AGRO LESTARI Tbk Member of PT Astra International Tbk Corporate Profile (Presentation) March, 2023#2AGRO ESTAR Prosper so the Nation Disclaimer Embracing Opportunities The material in this presentation have been prepared by PT Astra Agro Lestari Tbk (Astra Agro) are general background information about Astra Agro business performances current as the date of this presentation and are subject to change without prior notice. This information is given in summary form and does not support to be complete. Information in this presentation including forecast financial information, should not be considered as advice or a recommendation to investors or potential investor in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account their particular investment objectives, financial situation or needs. Before acting on any information, readers should consider the appropriateness of the information having regards to these matters, any relevant offer document and in particular, readers should seek independent financial advice. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Astra Agro businesses and operations, market conditions, result of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements; past performance is not a reliable indication of future performance. Astra Agro does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Astra Agro and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.#3AGRO ESTAR Proper at the Nation Plantation Map & Mill Capacity Aceh Jambi ΟΟΔ Riau ΟΔΟ Kalimantan Tengah ΟΟΔΟ Kalimantan Selatan Kalimantan Timur ΟΔΟ Sulawesi Tengah ΟΔΡΟ Sulawesi Barat ΟΔΟΣ Embracing Opportunities CPO Mills Kernel Crusher Refinery PKO Refinery Fertilizer Blending Plant Planted Area : 287.0 K ha As of March 2023 Total Planted Area Total CPO Mill Cap. : 1,570 tph (32) Total Kernel Crusher Cap. : 1,500 tpd (14) : 3K tpd (2) 400 tpd (1) Total CPO Refinery Total PKO Refinery Total Fertilizer Blending Plant : 200K ton per year (2)#4AGRO MESTAR Propers the Nation Plantation Composition As of March 2022 In Thousand Ha 287.0 287.0 17.7% 50.9 25.2% 72.2 Sulawesi Plasma / KKPA 45.6% 130.8 Kalimantan 36.7% Sumatra 105.3 74.8% 214.8 Nucleus By Area By Ownership Embracing Opportunities#5AGRO MESTAR Propers the Nation Production Performance As of March 2023 FFB Production* 12.8% External FFB Purchase 17.6% Embracing Opportunities CPO Production 6.2% Total: 699 T Ton Total: 620 T Ton Total: 753 T Ton Total: 914 T Ton Total: 268 T Ton Total: 286 T Ton 1Q23 1Q22 1Q23 1Q22 1Q23 1Q22 *FFB Production from Nucleus#6AGRO ESTAR Propers the Nation Monthly Price Movement Embracing Opportunities Price Ytd March 2022 Avg AALI Avg Rott. Price Ytd March 2023 19.3% : Rp 14,912/kg Avg AALI : Rp 12,032/kg : USD 1,564/ Avg Rott. USD 1,017/Ton USD / Ton - CIF Rp/Kg 2022 2023 1,900 19,000 1,800 18,000 1,700 17,000 1,600 16,000 1,500 15,000 1,400 14,000 1,300 13,000 1,200 12,000 1,100 11,000 1,000 10,000 900 9,000 800 8,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar USD/Ton - CIF 1,358 1,522 Rp/kg 14,180 14,770 1,813 1,719 15,930 16,130 1,714 1,573 1,203 16,165 12,626 8,959 1,095 1,048 1,043 1,099 10,551 10,659 11,623 12,242 1,035 1,024 997 1,030 12,312 11,673 11,713 12,608#7RP Bio AGRO MESTAR Propers the Nation Income Statement Highlight YTD March 2023 vs YTD March 2022 4,761.2 Net Revenue 27.7% 6,581.3 RP Bio 162.4 Operational Income Net Profit *) 76.2% 1Q23 1Q22 1Q23 1Q22 681.1 RP Bio 224.7 53.5% 1Q23 1Q22 *) Profit attributable to owners of the Company 483.5 Embracing Opportunities#8AGRO MESTAR Propers the Nation Capital Expenditure YTD March 2023 vs YTD March 2022 RP Bio 186 12.2% 1Q23 1Q21 212 Embracing Opportunities#9Portofolio AKSES AIR BERSIH DAN SANITASI ENERGI BERSIH 7BAN TERSANGKAU 11 KOTA DAN KOMUNITAS 1. GHG Emission Reduce 30% GHG emission Scope 1 & 2 in 2030 2. Energy Management PENINGANGAN PERUBAHAN IKLIM Renewable energy by 93.4% in 2030 Astra Agro Sustainability Aspiration for 2030 People 200 MENJAGA EKOSISTEM 17 15 A KEMITRAAN UNTUK MENCAPAI TUJUAN MENGHAPUS KEMISKINAN 5 GENDER KESETARAAN 8 DAN PERTUMBUHAN 10 KETIMPANGAN 17 KEMITRAAN UNTUK MENCAPAI TUJUAN EKONOMI 3. Water and Wastewater Management Water withdrawal by 24% in 2030 4. Solid Waste Management 100% solid waste recycling 10. Conservation of Peatland 100% Peatland are managed sustainably in accordance with National Regulation 11. No Deforestation • Free deforestation product Traceable supply chain 12. No Burning Zero fire records in all subsidiaries 5. Employee Diversity & Inclusion Commitment to support diversity & inclusion for employee 6. Occupational Health and Safety • Loss time injury rate 30% • Zero workforce fatality 8. Director Diversity and Inclusion Commitment to support diversity & inclusion for Director Public Contribution 1 MENGHAPUS KEMISKINAN MENGAKHIRI KELAPARAN 3 KESEHATAN PENDIDIKAN BERMUTU 8 PEKERJAAN LAYAK KIRTUMBUHAN 10 MENGURANGI EKONOMI KETIMPANGAN Key Enabler 9. Good Corporate Governance • GCG Implementation a line with • Government Regulation Sustainability report based on GRI standard and National Regulation • Studying mechanism and implementation of internal carbon pricing 7. Community Development • Reach 200.000 people through our community development programs including indigenous community • Mutual part and technical assistance for smallholders from more than 300 villages in AAL's supply chain#10ALIVA AGRO MESTARI Propers the Nation OVERVIEW OF THE INDONESIAN PALM OIL INDUSTRY Embracing Opportunities#11AGRO MISTAR Propers the Nation 8 Major Oils Production As of March 2023 Coconut Oil 1% Others 9% Rapeseed Oil 15% Palm Oil 37% - Sunfloweroil 11% Soybean Oil 27% Total Production - Palm Oil Soybean Oil Sunfloweroil - Rapeseed Oil - Coconut Oil Source: Oil World : 46.56 Mn T : 18.48 Mn T : 13.18 Mn T : 5.46 Mn T : 7.48 Mn T : 0.73 Mn T Embracing Opportunities#12AGRO MESTARI Propers the Nation Palm Oil Producer by Country Colombia As of 2022 2% Thailand 4% Others 12% Malaysia 23% Indonesia 59% Total Production Indonesia Malaysia Thailand Colombia : 79,166 T Tons : 46,730 T Tons : 18,453 T Tons : 3,220 T Tons : 1,768 T Tons Embracing Opportunities Palm Oil Consumption by Country As of 2022 Indonesia Others 32% 25% EU 9% India 11% China 7% Bangladesh 2% Thailand Source: Oil World 3% Nigeria 3% Pakistan Malaysia 4% 4% Total Consumption : 75,653 T Tons Indonesia - EU : 18,986 T Tons - India China : 6,365 T Tons : 8,614 T Tons ons#13ALIVA AGRO MESTARI Propers the Nation Indonesian Palm Oil (Export and Local) Embracing Opportunities Indonesian Palm Oil Consumption by Product Local Export 39% Biodiesel 43% Food 47% Consumption 61% Total Production : 13,274 T Tons Total Local Consumption: 5,401 T Tons Total Export : 8,499 T Tons Source: GAPKI Oleochemicals Total for Food 10% : 2,506 T Tons Total for Oleochemicals : 555 T Tons Total for Biodiesel : 2,339 T Tons#14THANK YOU For further information you can contact us: Investor Relations Phone: (+62 21) 4616555 ext 2327 | E-mail: [email protected] www.astra-agro.co.id#15AGRO ESTAR Proper and the Nation Downstream Oil Palm Food Industry Structure, including Palm Cooking Oil (POME) Neraca CPO, MGS, dan Turunannya secara Nasional Tahun 2021 Ekspor CPO 2,775,620 KL Ekspor RPO 8,388,606 KL Ekspor RBD Palm Olein 14,164,793 KL Embracing Opportunities Minyak Goreng Curah 2,426,027 KL Tanda Buah Segar (TBS) 234,440,000 ton CPO Refined Palm Oil 94% 38,802,158 28,085,422 52,097,778 KL 36,474,028 KL RBD Palm Olein 80% 22,468,337 KL 8,303,544 6% PFAD 2,328,129 KL 20% RBD Palm Stearin 5,617,084 KL Biodiesel Ekspor PFAD 8,157,778 KL 1,370,141 KL Oleokimia 2,362,222 KL Minyak Goreng Kmsn Sederhana 231,050 KL Minyak Goreng Kmsn Premium 1,270,776 KL Minyak Goreng Curah Utk Industri 1,848,402 KL Ekspor RBD Palm Stearin 3,028,501 KL Olein untuk bahan baku industri lainnya 2,527,288 KL Keterangan: 1. Sampai saat ini produksi Minyak Goreng Sawit untuk pangan melebihi kebutuhan Nasional (over supply) 2. Pohon Industri Hilir kelapa sawit Lengkap terdapat di Lampiran#16AGRO MESTAR Propers the Nation Palm Oil Exports in Indonesia's Trade Balance Millar US$ 100 80 60 60 60 40 40 20 -20 ה Embracing Opportunities 2023 SD mar In 2022, palm oil foreign exchange reached US$ 38,078 (the highest in history). • Cif Rotterdam price for Jan-Mar 2023 is still around US$ 1,000. . Until March 2023, palm oil export value reached US$ 7.55. -40 2019 2020 2021 2022 neraca -3.62 21.72 33.82 54.58 12.26 -migas -10.15 -5.95 -13.32 -24.23 -4.32 non migas 6.53 27.67 47.14 78.81 16.58 -sawit 20.20 22.97 35.53 39.07 7.55#17Embracing Opportunities Produksi CPO-PKO dan Ekspor 60 60 AGRO ESTAR Propers the Nation Palm Oil Production & Export MN Ton 50 40 40 30 20 20 10 2018 2019 2020 2021 2022 2023 s/d MAR Produksi PKO 4,280 4,648 4,549 4,412 4,519 1,152 Produksi CPO 43,108 47,180 47,034 46,888 46,729 12,123 produksi CPO+PKO 47,388 51,828 51,583 51,300 51,248 13,274 ekspor 36,333 37,430 34,007 33,674 33,928 8,499#18AGRO ESTAR Propers the Nation Palm Oil Export by Product Type Mn Ton 40 40 35 30 25 20 20 15 10 5 Embracing Opportunities Exports are mostly in the form of processed CPO and PKO. Export/production ratio tends 2018 2019 2020 2021 2022 2023 s/d MAR to fall. Oleokimia 2,746 3,218 3,871 4,036 4,179 1,147 Biodiesel 1,356 1,090 31 167 435 196 Refined PKO 1,484 1,396 1,529 1,458 1,335 340 Crude PKO 369 651 301 52 107 19 Refined Palm Oil 23,822 23,677 21,103 25,481 24,410 6,255 CPO 6,554 7,399 7,171 2,482 3,463 542 TOTAL EKSPOR 36,333 37,430 34,007 33,674 33,928 8,499 rasio ekspor/produksi 77% 72% 66% 66% 66% 64%#19AGRO ESTAR Propers the Nation Palm Oil Export by Product Type OTHERS CHINA INDIA EU-27 OTHER AFRICA PAKISTAN MIDDLE EAST UNITED STATES -14% -1% 3% 15% BANGLADESH 5% 45% -14% 13% -7% Embracing Opportunities Exports are mostly in the form of processed CPO and PKO. Export/production ratio tends to fall. 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 xx%: YoY BANGLADESH 2022 s/d NOV 1.272 UNITED STATES 2.066 OTHER MIDDLE EAST PAKISTAN EU-27 INDIA CHINA OTHERS AFRICA 2.024 2.357 2.273 3.757 4.954 5.866 6.188 2021 s/d NOV 1.206 1.792 1.974 2.381 2.656 4.385 3.425 6.304 7.092 ribu ton Source: BPS, GAPKI, GIMNI, AIMMI, APROBI, APOLIN (2022) *) ekspor terdiri dari kelompok CPO, RBD, Biodiesel dan Oleochemical#20YA AGRO ESTAR Propers the Nation Indonesia Palm Oil Industry Performance in March 2023 in 1000 Ton 2022 2023 URAIAN TOTAL 2023 (in 1000 ton) sd MAR MAR sd MAR sd Des 2022 FEB MAR STOK AWAL (1) 5,051 5,051 4,129 3,225 2,765 PRODUKSI CPO (2) 3,782 11,150 46,729 3,883 4,349 3,691 12,123 PRODUKSI CPKO (2) 368 1,062 4,519 369 413 1,152 TOTAL PRODUKSI 4,150 12,212 51,248 4,252 4,762 13,274 IMPOR (3) 7 18 56 4 64 72 KONSUMSI LOKAL (2) PANGAN (2) 635 1,715 9,892 802 911 2,506 OLEOKIMIA (2) 175 536 2,200 185 187 555 BIODIESEL 697 2,131 9,048 816 714 2,339 TOTAL KONSUMSI LOKAL 1,507 4,382 21,140 1,803 1,812 5,401 EKSPOR (3) 0 0 CPO 71 161 3,463 137 102 542 Olahan CPO 1,908 5,292 24,410 2,254 1,880 6,255 CPKO 2 6 107 6 5 19 OLAHAN CPKO 93 268 1,335 93 149 340 BIODIESEL 1 11 435 64 92 196 OLEOKIMIA 342 957 4,179 358 414 1,147 TOTAL EKSPOR 2,418 6,695 33.928 2,912 2,641 8,499 KONS. LOKAL+EKSPOR 3,925 11,077 55,068 4,716 4,452 13,900 STOK AKHIR (1) 5,683 5,683 3,691 2,765 3,138 3,138 Nilai ekspor (Juta USD) 3,513 3,513 39,069 2,687 2,420 7,712 Sumber: BPS, GAPKI, APROBI, GIMNI, APOLIN, AIMMI (1) perhitungan (2) estimasi (3) diolah Embracing Opportunities