#1PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION 9M2023 Sinergi untuk Masa Depan Yang Berkelanjutan Synergy Towards A Sustainable Future E & JAPFA JAPFA JAPA BEST MEAT#2Index Company Overview Key Investment Highlights Financial and Operational Highlights JAPFA#3COMPANY OVERVIEW & JAPFA#4VERTICALLY INTEGRATED BUSINESS MODEL UPSTREAM ANIMAL FEED PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE HO BROILES PAKAN IKAN SO So seafood Lovers 特選 NICE GOOD TokuSEN 3 V JAPFA#5- - A Scale Industrialized approach drives operational and financial benefits 2nd largest feed and DOC producer in Indonesia with significant scale across the value chain: ✓ 16 feed mills, 77 breeding farms and 30 hatcheries across Indonesia ✓ Over 100 company farms and +/- 8,500 contract farms Centralized procurement of raw materials with the broader Japfa Group C Biosecurity and Animal Health Advanced biosecurity measures for disease prevention and control, comprising (i) isolation; (ii) sanitation and disinfection; and (iii) traffic control Stringent process adherence to prevent diseases In-house vaccine R&D and production unit, PT Vaksindo, improves efficacy and shortens response time to disease outbreaks - B Technology and Genetics JAPFA Exclusive relationship with Aviagen (on broilers) for the sourcing of grandparent stock with superior genetics which is tailored for the Indonesian climate Advanced feed technology for quality control and optimal feed conversion ratios Modern farming techniques and industry best practices to further drive efficiency D Standardization Ability to replicate farming best practices and infrastructural design across feed mills, breeding farms and hatcheries Mechanized production processes and established SOPS allow for consistency Opportunity to tap human resources across the Japfa Group facilitates standardization Note: PT Japfa Comfeed Indonesia Tbk (the "Company" or "PT Japfa Tbk") 4#6Japfa: Well positioned for long-term growth ), Poultry leader in Indonesia JAPFA Aquaculture is primarily a feed business with some farming overlay Protein diversification strategy for varying consumer preferences Trading and Others 5% Aquaculture 6% DOC and Commercial Farming help drive sales volume for feed business Shift downstream via investment in slaughterhouses in order to reduce exposure to fluctuating farm gate prices. Acquisition of PT So Good Food, (SGF), providing vertical integration to overall operation, as SGF is known for among others: (i) leading brands for consumer food (ii) established network of marketing channels (iii) has the experience, in-depth knowledge and leading technology in food processing and product marketing. Poultry Processing and Consumer Products 10% Commercial Farming 29% Poultry Breeding 9% Poultry Feed 41% 2nd largest poultry feed producer in Indonesia Core business and stable segment of the value chain Cost plus pricing model provides the Company with the ability to pass on most commodity and foreign exchange currency movements Poultry-related activity: 89% of total revenue Stable and growing core business FY 2022 revenue: IDR 49.0 Trillion Diversification efforts to position company for long-term growth 2nd largest day-old chick ("DOC") producer in Indonesia Note: The % sales contributions from operational segments shown above are based on gross sales, which exclude elimination adjustments between segments. 5#7Growing responsibly V JAPFA ■ Japfa's animal protein business in Indonesia showed strong sales growth in the 2010 - 2014 period driven by strong poultry demand, which then stagnated in the 2014 - 2015 period. After the down-cycle, Japfa's poultry business resumed growth in 2016 ■New and non-essential Capex was frozen in 2020 and 2021 due to the impact of covid ■ Japfa's annual capex budget is primarily based on management's expectations of market demand growth. However, we have the flexibility to adjust our capex spending roll-out during the course of the year because we “build small boats, not big ships" in our animal protein business. This allows Japfa to prudently manage cash flows Strong annual growth for 4 year period Stagnant demand Strong Growth Demand Adjusted IDR trillion IDR trillion 5.0 Poultry Indonesia Down-cycle Sept 2014 to June 2015 Covid 19 Impact in Indonesia 90.0 77.1 4.5 80.0 69.5 4.0 70.0 3.5 55.3 54.2 60.0 3.0 49.4 50.0 2.5 40.0 36.0 33.1 33.7 4.5 4.5 40.0 2.0 28.1 13.7 3.9 3.9 30.0 23.0 1.5 19.7 2.9 17.0 2.2 2.3 20.0 1.0 2.0 1.8 1.8 1.3 0.5 10.0 0.6 1.0 0.7 0.8 0.0 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 20183 FY 2019 3 FY 2020 3 FY 2021 FY 2022 1 1 1,2 EBITDA (LHS) CAPEX (LHS) Total Sales (RHS) Notes: ¹EBITDA, CAPEX, and Total Sales refer to PT Japfa Tbk consolidated financial statements 2 Total Sales includes inter-segment sales within PT Japfa Tbk 3 Certain prior periods' figures have been restated to conform with the presentation in the audited consolidated financial statements as of and for the year ended 31 December 2020 6#8KEY INVESTMENTS HIGHLIGHTS TB26F TOYOTA STP AT B26F NATING STP BA 6 PAKAN APUNG ST LATK YANG SUPRA Z JAPFA STP NEW SUPRA PAKAN APUN#9Investment highlights 1 JAPFA Attractive industry dynamics driven by strong structural growth in protein consumption & JAPFA 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experienced and tenured management team 8#101 Attractive industry dynamics driven by strong structural growth in protein consumption JAPFA Poultry Meat Consumption per capita in Asia (kg per capita - 2022) Malaysia 50.1 Vietnam 17.2 Philippines 14.3 Thailand 8.7 Indonesia 8.2 India 2.7 Consumption / Capita (Kg) Poultry meat consumption has increased in tandem with GDP in Indonesia 9 kg 2017 2016- 8 kg 2015 2019 7 kg 2018 6 kg 2011 2010 2014 5 kg 2009 2013 2012 4 kg 3 kg 2 kg 1 kg kg 2500 3000 3500 GDP/Capita (USD) 4000 4500 Ample room for sustained growth in business locations with some of the lowest poultry consumption per capita rates in Asia "Meat-of-choice" given poultry's relative affordability, religious neutrality, consumer preference and increasing penetration and popularity of quick service restaurants Potential upside as diets evolve to include more meat-based protein from the currently carbohydrate-heavy diets From 2009 to 2019, the poultry meat consumption per capita growth in Indonesia outpaced Indonesia's GDP per capita, recording a 7.1% CAGR growth and 4.1% CAGR growth over the period respectively 9 Source: BPS Indonesia; IMF, WEO October 2020, Frost & Sullivan 2020, OECD (2022), Meat consumption (indicator, data extracted on 15 February 2023)#112 Well-established market leader in the Indonesian animal protein sector JAPFA Nationwide footprint with presence in all major islands Htc. Aceh Padang (1.2). Htc. Padang Jambi, Htc Jambl Kabanjahe. Talun Kenas Htc. Medan GP (1,2,3) ADR (1,2), Htc. Palembang Gisting, Campang GP Lampung Htc. Sukajawal Lampung Bandar Masilam (1,2,3) Htc. Bandar Masilam Htc. Kepri Pekanbaru (1.2.3.4). Htc. Pekanbaru Toholahir-Pontianak Htc. Pontianak Htc. Pangkalan Lada Htc. Kronjo Jampang Tengah Citapen, Darangdan • Htc. Cicurug Nagrak (1.2). Parungkuda. Pamuruyan, Klapanunggal (1.2) Bojong GP Wanayasa (1,2,3,4). Htc. Wanayasa Nyalindung Sarang Kertasari Htc. Garut Samarinda, Sepaku Htc. Samarinda Banjarbaru, Tambangulang (1.2) Htc. Bat-bati/Banjarbaru Pangkalan Banteng Subang (1,2,3) Htc.Subang (1,2) Neglasart Hec. Tengaran Htc. Kendal Pawenang Htc. Wonorejo Tegal Grobogan Purwodadi (1.2) Bals (1.2) Htc. Ball (1.2) Cimerak Pangandaran Sale Rembang Dampit, Pemalang. Wonosegoro, Patl Ngaringan Htc. Rawalo Htc. Kediri Banyuwangi Purwosart (1.2). Grati (1,2,3,4), Jombang (Sewa), GP Gunung Kawt. Tumur, Singosari, Mojosari Htc. Lombok Htc. Palu Makassar (1,2,3). Htc. Makassar Manado, Htc. Manado ✓ Significant economies of scale given procurement volume of raw materials, especially in conjunction with the broader Japfa Group Heritage of more than 50 years in the poultry industry provides brand recognition Logistical feat given that Indonesia is an archipelago; serves as a barrier to entry and helps defend the Company's market position ✓ Wide geographical reach offers unparalleled access to both poultry farmers and domestic corn producers ✓ Key to tapping pockets of demand across the country given the highly localized market, which is a result of (i) preference for live birds; and (ii) underdeveloped cold chain and transportation infrastructure 10#12400 Poultry Feed: Stable Base Margin 350 300 250 200 150 ུ ༞ 8 ྤ ཤྩ ཤྩ ༔ 100 Price Change³ 50 Sep-10 Sep-11 Mar-13 Sep-13 Sep-14 Mar-10 Mar-11 Mar-12 Sep-12 Mar-14 Mar-15 Sep-15 Mar-16 LTM Poultry Feed OPM (%)' Sep-16 Mar-17 JAPFA 16% 14% Covid 12% Impact 10% 8% 6% 4% LTM OPM Poultry Feed 2% 0% Sep-17 Mar-18 Sep-18 Sep-19 Sep-20 Mar-21 Sep-21 Mar-19 Mar-20 Mar-23 Sep-23 Mar-22 Sep-22 SBM Price 2,3 Corn Price 2,3 -USD/IDR Poultry Feed OPM has been stable around 10% -11% as feed has the ability to effectively pass on fluctuations in raw material prices and currency to its feed selling price 3 Notes: 1. LTM = Last Twelve Month. 2. Raw Material price sourced from Bloomberg - global market price. Since 2017, by government regulatory corn has been sourced locally, therefore the global market corn reference price no longer applicable. 3. The Normalized Price indicator graphs the price movement of an instrument using 100 as the base value for a user specified base date/time. The normalized value for each bar after the base date/time is the percent of the base price expressed as a whole number. (i.e. 100 times actual price divided by actual base price) This indicator shows the percentage move in price relative to some fixed starting point. For example in March 2010 USD/IDR was Rp9,115. Source: Bloomberg, Company information 11#13Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) & JAPFA Operating Profit Margin (%) 68,555 62,126 7,619 3,221 6,505 3,598 3,521 242 239 48,543 47,123 3,233 25.0% 22,424 895 195 1,112 5,568 5,037 20,361 264 1,722 13,902 15,625 6,819 14.0% 6,895 13.6% 16.3% 6,414 5,313 12.4% 2,799 2,867 2,614 7.1% 7.2% 28,366 31,693 8.2% 1,900 8.1% 22,659 21,148 5.0% 6.7% 5.7% (44) 3.1% 3.9% 3.7% 2 FY2019 FY2020 FY2021 FY2022 (52) (342) (93) (744) -0.4% -0.8% -0.6% -1.7% -3.3% FY2019 2 FY2020 FY2019 2 FY2020 FY2021 FY2021 FY2022 ■Feed ■Breeding Commercial farms Poultry processing 1 Feed ■Commercial farms ■Breeding ■Poultry processing¹ Feed business continues to be a stable pillar of profitability in PT Japfa Tbk Feed Commercial farms -Poultry processing" ■ The poultry business (feed, breeding and commercial farms) represents the bulk of PT Japfa Tbk's revenue FY2022 Breeding PT Japfa Tbk ■ Despite challenges over the last 3 "Covid” years, the Operating Profit remains steady above IDR 3,000 Billion despite weak results from commercial farming over the last few years. With our vertically integrated operations, we can capture value at different points of the poultry supply chain ■ We are generally able to pass on raw material costs increases in our feed selling prices, as reflected in our feed operating margins, even during the periods of Rupiah volatility and the poultry market downturn. Since 2021, margins were impacted by higher raw materials prices and transportation costs globally ■ Operating profit in FY2020 decreased due to the low DOC and broiler price environment and Covid-19 related disruptions ■ In 2021, we recorded higher revenue on the back of higher sales volumes. Although margins have tightened, profitability has improved on the back of strong growth in volumes ■In 2022, feed margin showed signs of recovery which partially cushioned the impact of a high-cost environment 1. Notes: The revenue figures for the poultry operational units shown above include inter-segment sales. Poultry Processing refers to Poultry Processing and Consumer Products 12 2. Prior periods' figures 2019 have been restated to conform with the presentation in the audited consolidated financial statements as of and for the year ended 31 December 2020#143 Leading Pan-Asian Industrialised Agri-Food Company JAPFA ER I SUPER CC 1333 PER-CC BROILER I SUP ESCIND TRESNOS UPER ROILER ER-CC BANGLADESH INDIA MYANMAR VIETNAM INDONESIA, WHAT WE DO We produce quality protein staples and packaged food that nourish millions of people WHERE WE ARE We employ over 38,000 people across Singapore, Indonesia, Vietnam, Myanmar, India and Bangladesh WHY WE DO IT 1.7 billion people living in our target markets More than 20% of the world's total population Pure-play integrated animal protein producer dedicated to Feeding Emerging Asia 13#154 Industrialised Business Model: Leading Market Positions JAPFA Leading upstream regional market positions DOC Production¹ Vietnam 14% Poultry Feed Production¹ Myanmar 18% 慈悲 #2 #2 DOC Production¹ Myanmar 26% #2 COMFEED PAKAN TERHAK BERMOTY BROILER CRUMBLE BROILER I UMUR 15-21 HAR JAPFA 2nd largest Indonesian poultry feed and DOC producer² Poultry feed production capacity market share (%) DOC production capacity share (%) CP 32% Japfa 21% CP 38% Japfa 25% Malindo 7% Others 41% 1Company's own estimate, 2022 data 2Frost & Sullivan Analysis, 2021 data Others 15% CJ 10% Malindo 7% New Hope 5% 14#165 Experienced and tenured management team Proven track record of guiding the Company through various cycles . Board of Commissioners* JAPFA Syamsir Siregar Bambang Budi Hendarto Hendrick Kolonas President Commissioner Year of agri experience: 17 Board of Directors* Renaldo Santosa President Director Year of agri experience: 12 Vice President Commissioner Year of agri experience: 43 Tan Yong Nang Vice President Director Year of agri experience: 14 Commissioner Year of agri experience: 26 Ito Sumardi Djuni Sanyoto Independent Commissioner Year of Agri experience: 9 Antonius Harwanto Suryo Sembodo Director Year of agri experience: 43 Timeline of PT Japfa Tbk: >50 years of 'best-in-class' poultry production 1971 Company established as PT Java Pelletizing Factory Ltd 1982 Established 2003 poultry breeding operations to compliment feed business Regional expansion initiatives started • 2008 Establishment of new protein line beef Acquired Vaksindo Satwa Nusantara, an animal vaccine manufacturer 2013 PT Japfa Tbk's first US$ Bond issuance which raised US$225m Leo Handoko Laksono Director Year of agri experience: 33 2017 Rachmat Indrajaya Director Year of agri experience: 14 *BOC and BOD as at 30 September 2023 Issuance 5Y US$250mn bonds Rp3.0tr unsecured club banks loan 2020 Acquisition of PT So Good Food, with established branded consumer foods 2022 Secured a 5-year term Sustainable Linked Loan of Rp1.42tr with BNI 1975 Poultry feed business started production 1989 PT Japfa Tbk listed on Jakarta and Surabaya Stock Exchange 2007 PT Japfa Tbk's first Rupiah Bond issuance which raised Rp500bio 2012 Merger with Multibreeder a 73% owned subsidiary to bring together the group's poultry feed and breeding operations Issued Rp1.5tr Japfa bond I 2016 Received capital injection from KKR 2019 5Y Rp5.0tr unsecured club loan Rp3.0tr of revolving loan Rp2.0tr of non revolving loan 2021 PT Japfa Tbk's first Sustainable- Linked Bond issuance which raised US$350m 15#17FINANCIAL AND OPERATIONAL HIGHLIGHTS ST STP JAPFA#189M2023 9M2022 PT Japfa Tbk - Financial Performance Revenue IDR Billion 37,767 2.6% y-o-y 36,793 Operating Profit IDR Billion EBITDA IDR Billion PAT IDR Billion 994 & JAPFA 2,044 2,869 (17.0)% y-o-y (11.8)% y-o-y (34.6%) y-o-y 3,252 1,520 2,463 Profitability is improving but 9M 2023 results are still affected by weak performance in the first half Revenue in Rupiah terms increased mainly due to higher feed ASPs. Feed remains a pillar of profitability and we continue to pass on raw material price increases in our selling prices. Feed margins have shown recent improvements. Profitability decreased y-o-y mainly due to lower DOC and broiler selling prices. This was partly cushioned by improvements in the Downstream performance as well as a reduction in G&A expenses resulting from cost savings initiatives introduced in 2023. The prolonged demand and supply imbalance in DOCS and broilers since 2022 resulted in weak poultry prices, which rebounded after supply adjustments from 2Q2023. 17#19PT Japfa Tbk Managing Cyclicality Revenue IDR Billion Operating Profit IDR Billion JAPFA 3,500 3,136 60,000 3,222 2,803 2,635 48,972 3,000 50,000 44,878 2,500 40,000 38,872 36,965 37,767 2,000 30,000 1,500 1,236 942 20,000 1,000 11,762 12,394 13,611 627 520 438 406 500 190 10,000 (338) 1,412 1,475 1,213 872 979 941 543 340 (65) 2,044 1,361 748 0 0 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 (500) 1Q 2Q 3Q 4Q FY2019 1Q 2Q 3Q 4Q FY2020 1Q 2Q 3Q 4Q FY2021 1Q 2Q 3Q 4Q FY2022 1Q 2Q 3Q 2023 Inflation Covid-19 Operating Profit recovery due to a rebound in poultry prices since 2Q2023 DOC and broiler prices are prone to fluctuation according market demand/supply dynamics. This affects ASPs and profitability, as reflected in the fluctuation of operating profit between quarters. Global macro-economic factors add to market dynamics: • Although raw material costs have been high since 2022, we expect an easing on costs in 2H2023 In 2022, inflationary pressures started affecting consumer purchasing power and our ability to adjust ASPs of our products. Supply in Indonesia has progressively grown over the last few years in line with the expectations of demand growth for chicken, especially with the low per capita consumption. The impact of Covid and inflation has reduced consumer purchasing power and demand for chicken. This resulted in a prolonged demand and supply imbalance in DOCs and broilers. • The quarterly cyclicality tends to even out – the long-term prospects of protein consumption remain solid. 18#20PT Japfa Tbk: Growth plans Recalibrate short term growth plans JAPFA In the light of the current challenging conditions, we have recalibrated our growth plans and prudently adjusted our Capex accordingly. We have a proven track record to adjust capex roll-out according to the prevailing market situation. In 2Q2020, when Covid-19 first hit Indonesia, PT Japfa Tbk froze non-essential growth capex. This freeze has continued until over the last 3 years as reflected by the lower capex levels compared to FY2019. Streamline poultry breeding farm operations to improve efficiency and control costs. Cost tightening measures, such as a freeze of new permanent hires, business travel restrictions, etc. Platform for long term growth PT Japfa Tbk will drive future growth by leveraging on: Downstream business: The Company will continue to strengthen its downstream business through the development of its poultry processing and consumer products business, as well as encourage retail sales growth through its retail outlets both offline and online. Aquaculture: refer to page 20 Vaksindo: refer to page 21 19#21PT Japfa Tbk: Aquaculture 4-year trend Revenue IDR Billion Operating Profit IDR Billion JAPFA 5,000 4,754 350 327 299 4,500 3,954 300 4,000 3,416 3,471 3,399 3,500 250 199 202 3,000 200 2,500 2,000 150 1,500 1,065 1,176 1,158 100 1,000 50 128 73 30 25 500 0 0 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 The next platform of growth Established in 1987, our Aquaculture division is vertically integrated and operates feed mills, shrimp and fish hatcheries, grow-out farms and seafood processing facilities. Aquafeed, which represents more than 3/4 of revenue, is a stable pillar of profitability. Advanced feed technology to provide consistent performance, including responsible and sustainable aquaculture with eco-friendlier fish and shrimp feed. Shrimp broodstock multiplication centres (JV with Hendrix Genetics) to cultivate Kona Bay shrimp broodstock from Hawaii, renowned to yield high performance in the hatchery and on farm. Kona Bay is a market leader supplying more than 50% of shrimp broodstock in Indonesia. • Fully integrated tilapia operations from feed to farming and processing, with products exported to Europe and the United States. As a Total Solution Provider, we also provide technical assistance services and a R&D team to help customers increase farm productivity. Strong focus on R&D, through the establishment of a research station and partnerships with universities. 20#22600 JAPFA PT Japfa Tbk: Vaksindo 4-year trend Revenue IDR Billion Operating Profit IDR Billion → 250 499 490 500 399 408 200 372 400 300 200 100 141 144 150 100 133 129 137 50 196 188 149 54 53 42 0 0 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 Vaksindo continues to deliver steady growth and profitability . • Established in 1983, producing a range of livestock vaccines primarily for poultry • • Japfa is the only poultry producer in Indonesia with its own in-house vaccine research and production facility provides a strategic defense against one of the key risks in livestock production Vaksindo has the expertise to produce Avian Influenza H5N1 vaccines since 2004 and is now one of the leading producers providing vaccines of matching strains - Research based constant disease monitoring leading to new discoveries and continuously updated vaccines. Vaksindo is Indonesia's leading animal health company that pioneered domestic research of endemic respiratory diseases in poultry. Leader in the Indonesian market and presently exporting to 14 countries • Vaksindo owns and operates two production plants in Bogor, Indonesia. Vaksindo has expanded overseas with a presence in India and more recently Vietnam 21#23JAPFA ☐ Major Global External Factors Geopolitical tensions, especially the situation in Europe and, more recently, in the Middle East, may cause disruptions to global economies, supply chains and commodities prices. These may impact the cost of raw materials and consumer purchasing power. We continue to monitor the situation closely. Global inflationary pressures arising from interest rate hikes by central banks, high energy costs, supply chain bottlenecks and soaring production costs have put upward pressure on prices and ultimately affected consumer purchasing power. Although we are pleased with the recent improvement in profitability, we are conscious of the potential disruptions from the recent geopolitical tensions in the Middle East, which may have an impact on the general economic conditions. These macroeconomic factors are largely outside our control. We will hold back on non-essential capex. As Japfa produces safe and affordable staple proteins, we remain confident in our long-term outlook; we have set a solid foundation for future growth, based on the prospects for protein consumption in emerging Asia. 22 22#24Covid-19 Impact Supply and Operations JAPFA As Japfa supplies about 20-25% of animal protein foods in many countries where we operate, we play an essential role in supplying staple foods. As such, the impact of Covid-19 on our operations has not been material and we continue to run our farms and feed mills safely. However disruptions in global logistics translated into higher costs of raw materials. 10,000 Demand Poultry Indonesia - ■ Broiler and DOC prices dipped in 2Q2020 and 3Q2021 due to lower demand caused by Covid-19 movement restrictions and lockdowns. In 2022 Covid-19 continues to impact demand and prices for poultry. ■ Government initiatives to manage demand and supply of DOC, helped stabilise poultry prices. 8,000 6,000 4,000 2,000 1. Average monthly prices of West Java, based on market data collected by the Company Broiler prices refer to prices of live birds in the weight range of 1.6 kg to 1.8 kg. LHS and RHS refer to IDR price per bird. 2. DOC refers to day-old-chicks. Sep Oct ΛΟΝ Dec Jan Feb Mar Apr May 2021 Aug Sep Oct Average Monthly Prices of Broiler & DOC1 2022 DOC (LHS) Broiler (RHS) 2023 23 23 May Jun Jul Aug Sep 5,000 25,000 20,000 15,000 10,000#25Japfa Sustainability Journey JAPFA Sustainability has been at the core of our operations since the Company's inception The standalone sustainability report was issued to prominently showcase our sustainability efforts in our operations Participated as a road tester in the Social LCA/SLCA Project initiated by the United Nations Environment Life Cycle Initiative and Social LC Alliance to assess our contribution to our poultry farmer partners Japfa Tbk received an SLL from BNI valued at IDR 1.42 trillion. Japfa Group sets Sustainability Targets and Japfa is committed to support these targets 1971 2014 2018 2019 2020 2021 2022 The process of sustainability monitoring and reporting was initiated The Sustainability Committee was established The Sustainability Strategy Plan for 2019-2021 was developed Launched Japfa Sustainability Reporting System (JSRS) Initiated a preliminary crade-to-gate LCA study for poultry operations Issued the world's first SLB for agri-food industry and the first USD denominated in South- East Asia Commenced and developed a supplier survey on sustainability practices Our mission to be a leading dependable provider of affordable protein foods is aligned to the United Nations Sustainable Development Goal (SDG) No.2: Zero Hunger 25 25#26Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 36,793 37,767 JAPFA 2,463 2,044 3,252 2,869 1,520 994 9M2022 9M2023 9M2022 9M2023 9M2022 9M2023 9M2022 9M2023 Total Assets (IDR Billion) Net Debt/Equity (%) CAPEX (IDR Billion) Total Interest Bearing Debt (IDR Billion) 33,230 34,846 80.7% 84.3% 1,529 1,245 13,364 12,306 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 25 25#27Capex (IDR Billion) 1,923 1,940 1,529 JAPFA FY2021 FY2022 9M2023 46 26#28SO Nagi Mati Sosis Thank You Garlic SO Origine SHELA DIG SO VIEW Naget Ayam CRISPY BBQ 50 Naget Stick DEDWABLET 50 ANIMAL SO DINO ICON PANDEER DONUT C CHICKEN JAPFA IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of the Japfa Group. Shareholders and potential investors are advised to seek independent advice in the making of any investment or divestment decision. Where this investor presentation includes opinions, judgements or forward-looking statements, these involve assumptions, risks and uncertainties that may or may not be realised. Any references to industry prices or price trends are Company estimates due to the absence of centralised public sources. Industry related data quoted has not been independently verified. For further information, please refer to the Company's website www.japfa.com. 27 22