#1ROSE BRAND MINYAK GORENG SAWIT DIFORTIFIKASI VITAMIN A R GULA KRISTAL PUTIH Manis & Bersih GULA KRISTAL PUTIH Manis & Bersih Membuat masakan menjadi Gurih dan Lezat Superbrands 2013 ISI BERSIH: 2L ROSE BRAND Berat Bersih 1 kg PREMIUM * GULA TEBU BPOM MD 251406301027 DIPRODUKSI OLEH: PT. ADI KARYA GEMILANG SUNGAI BUDI GROUP LAMPUNG 35244-INDONESIA ROSE BRAND Berat Bersih 1 kg GULA TEBU FROM MO21108003027 DIPRODUKSI OLEH: PT. ADI KARYA GEMILANG SUNGAI BUDI GROUP BANDAR LAMPUNG 35244-INDONESIA Diproduksi oleh PT TUNAS BARU LAMPUNG Tbk SUNGAI BUDI GROUP LAMPUNG 35244-INDONESIA SNI SNI 7709:2012 LSP-035-ON BPOM RI MD 208108008004 PT. TUNAS BARU LAMPUNG TBK (IDX: TBLA) Investor Presentation 2023 Nov 2023#2Disclaimer These materials have been prepared by PT Tunas Baru Lampung Tbk (the "Company") and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. These materials contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition. of the Company. These statements can be recognized by the use of words such as "expects," "plan," "will," "estimates," "projects," "intends," or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances. These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professional advice.#3Milestones 1974 2000 2004 2006 2012 2013 2016 2017 2018 2020 2022 Public listing in the IDX. Join RSPO and extend 2nd CPO mill commence operation FOSFA membership Sugar refinery commence operation Sugar mill commence operation All time high sales recorded amidst Covid 19 pandemic PT. Tunas Baru Lampung was established TBLA's first corporate Started oil palm to sugar cane conversio n program bond issuance Acquired 3rd CPO mill in Lampung estate First biodiesel plant commence operation Successful issuance of US$200mn global bond and IDR1tn IDR bond Made full early repayment of USD global bond and 2 IDR bonds. Original maturity is in early 2023. 1#4Company Structure Data per 30 September 2023 PT. SUNGAI BUDI (24.90%) PT. BUDI DELTA SWAKARYA (32.77%) PUBLIC (42.25%) PT. TUNAS BARU LAMPUNG Tbk (IDX:TBLA) BSA (99.97%) BDP BNIL Oil Palm Plantation (99.99%) Oil Palm Plantation (99.99%) Sugar cane Plantation BNCW (99.90%) Oil Palm Plantation BTLA (99.71%) Oil Palm Plantation AKG (99.80%) Oil Palm & Sugar Cane Plantation, Sugar Mill & Refinery ABM (99.90%) CPO Mill BPG (85.00%) Oil Palm Plantation SJP (99.90%) Oil Palm Plantation OTHERS (0.08%) SUJ (99.23%) Oil Palm Plantation BSA PT. Bumi Sentosa Abadi AKG PT. Adi Karya Gemilang TBLA I TBLA International Pte Ltd BDP PT. Budi Dwiyasa Perkasa ABM PT. Agro Bumi Mas TB I Tunas Baru Lampung Pte Ltd BNIL PT. Bangun Nusa Indah Lampung BPG PT. Bumi Perkasa Gemilang BNCW PT. Budi Nusa Cipta Wahana SJP PT. Solusi Jaya Perkasa BTLA PT. Bangun Tata Lampung Asri SUJ PT. Samora Usaha Jaya TBLA I (100%) Holding TB I (100%) Investment, Trade, Consultation#5Vertically integrated Business Profile Oil Palm UPSTREAM: Palm Plantation & Mill Sugar Sugar Cane Plantation & Mill Sugar Refinery DOWNSTREAM: Refineries and Biodiesel Plant GULA KRISTAL PUTIH ROSE BRAND 3 GULA KRISTAL PUTIH GULA KRISTAL PUTIH Manis & Bersih Manis & Bersih NETTO:50 KG SNI ROSE BRAND Berat Bersih 1 kg GULA TEBU ROSE BRAND Berat Bersih 1 kg PREMIUM* GULA TEBU ПРОМО 2014 DIPRODUKSI OLEH PT ADKARYA MLANG BANDAR LAMPUNG 3524-INDONESIA OPMODURU OLE#6Plantation Profile Data per 30 September 2023 SUMATERA LAMPUNG Oil Palm Nucleus Mature 18,902 PALEMBANG Oil Palm Nucleus PONTIANAK Oil Palm Nucleus Mature Immature 16,129 6,144 Mature 6,861 Immature 975 Unplanted 7,277 Unplanted 505 Oil Palm Plasma Oil Palm Plasma Mature 2,680 Mature 291 Immature 72 Immature 276 Unplanted Unplanted 296 TOTAL Total Oil Palm 32,302 Total Oil Palm 9,204 OIL PALM Oil Palm Nucleus Mature 41,892 Immature 9,304 Unplanted 15,513 BORNE Total 66,709 Oil Palm Plasma Mature 12,763 Immature 348 Unplanted 296 Total 13,111 Immature 2,185 Unplanted 7,731 Oil Palm Plasma Mature 9,792 Total Oil Palm 38,610 Sugar Cane Landbank 16,282 Planted 13,953 4 Total Oil Palm 79,820 JAVA SUGAR CANE Landbank Planted 16,282 13,953#7Estates Age Profile Data per 30 September 2023 Lampung 3,934 3,479 2,185 2,686 Palembang 18,595 7,208 6,216 6,064 5,537 0 0-3 4-9 10-14 15-19 20+ 0-3 4-9 10-14 15-19 20+ Pontianak Total 1,251 3,131 2,663 1,358 13,025 12,661 9,652 10,374 18,595 0 0-3 4-9 10-14 15-19 20+ 0-3 4-9 10-14 15-19 20+ 5#8Production Infrastructure Integrated oil palm and sugar production facilities, including: mills, refineries and factories strategically located throughout Indonesia. Margarine Factory Location Tons/annum Tons/hour East Java 108,000 18 Pontianak Biodiesel Plant Location Tons/annum Tons/day Lampung 315,000 1,050 Lampung Lampung* TOTAL 450,000 1,500 红蛋 765,000 2,550 CPO Mill Palembang PKO Mill ח 圓 East Java *Under construction (Exp completion 4Q2023) CPO Mill FFA Esterification Plant Location Tons/annum Tons/hour Location Tons/annum Tons/day Palm Cooking Oil, Stearin & PFAD Facility Soap Factory Margarine Factory Sugar Mill Sugar Refinery Biodiesel Plant Lampung Palembang 1,125,000 225 Lampung 30,000 100 Soap Factory 450,000 90 Pontianak 225,000 45 Palm Oil Refinery TOTAL 1,800,000 360 Location Lampung Palembang Tons/annum Tons/hour 13,750 2.25 Sugar Refinery 13,750 2.25 Location Tons/annum Tons/day TOTAL 27,500 4.5 Lampung 510,000 1,700 PKO Mill Location Lampung Tons of cane/day 900 Lampung* 750,000 2,500 Location Lampung Palembang Tons/annum Tons/day Palembang 300,000 1,000 Refined Glycerine Plant 210,000 700 Sugar Mill East Java 300,000 1,000 Location Tons/annum Tons/day 60,000 200 TOTAL 1,860,000 6,200 Lampung 36,000 120 TOTAL 270,000 900 Location Lampung Tons of cane/day 8,000 *Under construction (Exp completion 4Q2023) 6#9Distribution Infrastructure NATIONWIDE DISTRIBUTION Padang Bengkulu Medan Riau Lampung Palembang Pontianak East Java 23 marketing offices across Indonesia Access over 48,000 distribution outlets. E-COMMERCE CHANNEL - Rose Brand official shop is present in all major E-Commerce platforms Rose Brand Store > ROSE BRAND Online 1 jam lalu • Jakarta Selatan 4.9 Rating & Ulasan B Chat ± 6 Jam Pesanan diproses Rose Brand Pilihan Terbaik 曼 ROSE BRAND BEBAS ROSE BRAND ONGKIR Ja MADE FOR COOKING THE FINEST POSE BRAND Bihun Instan Ruse Brand Follow Q Cari di TokoOSE BRAND Filter Q Cari di Toko Produk ROSE BRAND Shopee Hall Rose Brand Official Store > Aktif 5 jam lalu + Ikuti Toko Chat Nikmatinya Bikin Hepi BIG RAMADAN 4.9/5.0 Dari Pembeli 44RB Pengikut 89% Performa chat SALE Kategori Filter FLASH PRODUK PILIHAN TERBAIK Minyak 2 Liter Rp30.200 Guia Premin Rp13.400 Tepung Bera Rp 7.600 Santan 1 Liter Rp37.600 FLASI ← Q Cari di Toko Toko Produk Kategori Fiter FLASH KOTA JAKARTA SELATAN KOTA JAKARTA SELATAN Moll 11% Mall 14% PAKET OFF MINYAK GORENG ROSE BRAND IL (6PCS) tokopedia WIB GEBYAR KOLEKSI SPESIAL AG TRAKTIRAN ULANC TAHUN NANTIKAN 17-31 AGUSTUS CASHBACK hingga -100 GRATIS ONGKIR gosend Cek Sekarang Rose Brand Pilihan Terbaik ROSE BRAND An Ingredient Brings a Perfect Taste ROSE BRAND An ingredient Brings a Perfect Taste Produk lain dari Rose Brand Rose Brand ROSE BRAN ROSE BRAND ROSE BRAND OSE BRAND ROSE BRAND EBRAND Toko Produk Kategori ROSE BRAND FASH SALE Dimulai Pada 12:00 Besok Lihat Semua > ROSE BRAND Spatan Tepung Tapioka Gunung Agung Merah 500gr Rp 7.000 Rp 7.529 6 pengingat diatur ROSE BRAND 9.9 RATHA ROSE BRAND PILIHAN TERBAIK Rose Brand Super Bihun kemasan 400 Gram R10 500 Rp9.300 9.9 RAAKIRA Bundle Minyak Goreng Rose Brand 1 Liter (6 Pcs) FINE Ingatkan Saya Rekomendasi 1RB terjual KOTA JAKARTA SELATAN Rp 12.000 Rp96.030 ♡ 395 terjual KOTA JAKARTA SELATAN Moll 11% Mall ROSE BRAND Mall Reborn Sud Past Paki 21% Mall RO OFF RO OFF RO: OFF RO OFF pak TANI MARGARINE TAQRARO ROSE BRAND 99 TRA 9.9 ONGKIAKILA SA ATRASY 99 TRASACK AIRA PILIHAN TERBAIK PAKET FREE TAI SEBUT COCO Tepung Beras Rose Brand 500 gram Rose Brand Minyak Goreng 1 Liter Sembako Spesial Rose Brand Tapioka Cap Tani Gunung 1 D Murah Lebay ↑ Food & Beverages Makanan Instan Food & Beverages F Rp 500 Rp7.500 Re18.000 Rp16.600. 40 Bev ♡ ***** 3,9RB terjual ♡ ***** 4,2RB terjual Rp 500 Rp22.800 ♡ **** 574 terjual KOTA JAKARTA SELATAN ♡ BACK ATRA Rose Brand Bihun Instant Goreng 10 pcs 9.9 ORA CASTTRA Bihun Instant Asam Pedas 10 pcs R2400 Rp22.000 ***** 365 tefal KOTA JAKARTA S#10ESG Framework ISPO Certification TBLA plantation and mills are adhering to strict ISPO guidelines and in the process of obtaining ISPO certification for all plantations and production facilities. Sustainability Apply Good Agricultural Practices (GAP) such as strict zero burning policies. Maintains a high standard of sustainability practices, for new plantation development and management of existing plantations Green Energy & Recycle Reduce carbon emissions through the operation of two biogas power plants in Lampung. All six CPO mills and sugar mills uses biomass to produce electricity. Active participant in Biodiesel initiative. 40% of oil palm revenue is generated from production and sales of biodiesel, which is a sustainable substitute for pure petroleum diesel. Using biodiesel as a transportation fuel increases energy security, improves air quality and the environment, and provides safety benefits Social Contributions Uplift local economy. Engage, support and enable the local cooperatives under the Plasma Program in Palembang, Lampung and Pontianak with total planted area of 13,111 Ha. The collaboration with locals and assist in conversion of un-utilized land into productive income-generating plantation. 80#11ESG Applications Enhancing Sustainability with Eco-Friendly Technologies HIGH EMISSIONS Efficicency Energy generation and electrification NET ZERO Emission offsets METHANE CAPTURE Utilizing Palm Oil Mill Effluent (POME) to produce and capture methane gas. Effective in reducing greenhouse gas emission and a source of alternative energy. One 60 ton/ hour CPO mill could reduce carbon emission by around 791 ton of C02/annum. ZERO WASTE TBLA's compost factory utilize all waste from CPO mill, especially oil palm empty fruit bunches. This technology is supporting our "zero waste" policy. BIODIESEL PRODUCER As one of the larger producer of Fatty Acid Methyl Esther (FAME), TBLA is an active participant in supporting Indonesia's B30 Biodiesel policy. This mandatory policy has been very effective in reducing greenhouse gas emission from transportation (estimated around 24 million ton of CO2 in 2021¹). 6 1 Source: APROBI#12Palm Oil - Production Highlights FFB Harvest (figure in thousands) 3rd party purchase Plasma Nucleus 1002 829 510 702 620 675 462 693 219 382 337 120 172 197 215 157 192 176 109 149 646 723 462 593 542 480 496 512 369 367 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 9M2023 9M2022 CPO Cooking oil (Olein) Biodiesel (FAME) 239,247 222,164 220,371 206,024 259,820 270,890 194,288 201,020 236,144 242,097 165,823 156,614 170,572 202,456 128,271 ☐ 9M2019 9M2020 9M2021 9M2022 9M2023 374,692 335,134 222,040 227,328 9M2019 9M2020 9M2021 9M2022 9M2023 9M2019 9M2020 9M2021 9M2022 9M2023 356,635 337,076 298,362 304,859 271,255 276,889 277,073 208,048 157,326 297,469 294,545 ||-| |xl|| ;|||| اتر FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 Note: Production volume for FFB, CPO and Cooking Oil (Olein) are reflected in ton, while Biodiesel (FAME) is reflected in Kilo Liter 10#13Sugar - Industry Dynamics Milling Refining CANE PLANTATION SUGAR MILL IMPORTED RAW SUGAR NOTE: Governed by quota system through Ministry of Trade SUGAR REFINERY Indonesia's sugar production vs consumption (Million Ton) GULA KRISTAL PUTIH GULA KRISTAL PUTIH ROSE BRAND PREMIUM PREMIUM SUGAR GULA KRISTAL PUTIH ROSE BRAND NETTO:50 KG SNI SUGAR 7.05 7.20 -Consumption Production 6.80 5.33 5.52 5.62 5.70 5.80 6.00 4.70 4.76 4.25 4.34 4.50 4.00 4.10 3.34 2.78 2.10 2.24 2.30 2.45 2.60 2.59 2.54 2.58 2.28 2.26 2.40 2.20 2.10 2.17 2.22 2.13 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 11 2015 2016 2017 2018 2019 2020 Source: Kontan, Kemendag, Agroindonesia, 2020 consumption based on USDA estimates#14Sugar - Industry Dynamics Sugar Price (IDR/Kg) 9,700 8,900 9,100 9,100 9,100 9,100 9,100 8,100 8,100 8,250 7,000 6,350 6,032 6,161 6272 5,986 5,681 5,350 5541 5,064 4,779 4,885 5040 4,502 4,342 4,458 4,441 4,656 4,307 4,423 4,634 4690 3,699 3,688 3,326 3,307 3,549 3,704 3585 Note: April 09 April 10 April 11 April 12 April 13 April 14 April 15 April 16 Raw sugar (CSCE Sugar #11) April 17 Indonesia's sugar floor price (HPP Gula - Deperindag) •Indonesia's floor price for sugar is set by the Ministry of Trade before the start of the milling season in April of each year. •Raw sugar price as quoted on the New York Coffee, Sugar and Cocoa Exchange (CSCE). •Refined sugar price as quoted on the LIFFE April 18 April 19 Apr-20 April 21 Refined sugar (London white sugar #5) ⚫ For illustration purposes, Price for International raw and refined sugar were converted from USD/Pound to IDR/Kg based on the average USD: IDR exchange on the first week of April of each particular year: April 2009 = Rp11,200, April 2010 = Rp8,880; April 2011 = Rp8,460; April 2012 = Rp8,960; April 2013 = Rp9,500; April 2014 = Rp11,100, April 2015 = Rp12,900, April 2016 = Rp13,182, April 2017 = Rp13,200, April 2018 = Rp14,000, April 2019 = Rp14,000 SUGAR CONSUMPTION PER CAPITA 2015/2016 (KG) 57.2 56.2 50.5 38.3 33.9 21.8 21.7 21.5 Malaysia Singapore Australia Thailand USA Philliphines Indonesia Vietnam 12 Source: USDA sugar consumption#15Integrated Sugar Production LAMPUNG PT. AKG PT. BNIL SUGAR MILL - Capacity 8,000 TCD (Ton Cane Day), or + 100,000 ton/pa of sugar PT. TBL SUGAR REFINERY - Capacity 900 ton/day (324,000 ton/pa) 13#16Sugarcane Plantation Cane Plantation (Ha) 14,149 14,366 13,875 12,105 12,493 10,640 10,455 7,929 4,516 1,305 1,736 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 14#17Sales Profile 9M2023 - REVENUE Rp11.9tn (USD791mn*) 9M2023 "Others" include: Soaps, PKFD, Palm 3.6% 2.1% 1.9% 2.9% 2.8% expeller, Palm Kernel, Sloppy Fatty 5.1% Acid, Biogas, Glycerin, Molasses 9M2022 "Others" include: Soaps, PKFD, Palm expeller, Palm Kernel, Sloppy Fatty Acid, Biogas, Glycerin, Salt, Molasses 26.5% 21.7% 33.4% SUGAR COOKING OIL 14.5% BIODIESEL ■ СРО ■ РКО ■STEARINE 51.6% 33.9% ■FFA ■MARGARINE ■OTHERS 9M2022 - REVENUE Rp11.8tn (USD786mn*) 4.5% 2.8% 3.7% 6.0% 2.0% 1.9% 23.8% 25.4% 29.9% *IDR/USD at Rp15,000 for illustration purpose ■SUGAR DOMESTIC (IDR) ■DOMESTIC (USD Linked) EXPORT (USD) COOKING OIL ■BIODIESEL 23.4% ■ СРО ■DOMESTIC (IDR) 43.5% ■PKO STEARINE FFA ■DOMESTIC (USD Linked) EXPORT (USD) ■MARGARINE OTHERS 15 33.0%#18Sales Highlight Sales Volume ASP (IDR/kg) FAME (Biodiesel) 332,777 12,648 370,165 11,392 289,145 308,278 324,655 8,148 7,698 8,855 145,847 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 Cooking oil SALES VOLUME (TON) 9M2023 9M2022 235,126 209,522 182,590 15,725 13,719 Sugar 328,735 10,827 286,201 281,467 295,118 9,317 9,004 209,595 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 275,360 227,393 Cooking oil FAME (Biodiesel) ASP (Rp/Kg) 9M2023 9M2022 16,792 Sugar 14,096 11,911 11,921 361,238 370,346 268,356 267,204 290,727 11,659 11,725 9,153 10,118 10,771 I FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 Note: Sales measured in ton for cooking oil and sugar, and kilo liter for FAME /(Biodiesel) ASP measured in IDR/kg for Sugar and IDR/liter for cooking oil & FAME (Biodiesel) 16 13,173 11,408 Sugar Cooking oil FAME (Biodiesel)#19P&L Trend REVENUE OPERATING PROFIT NPAT In IDR Millions In IDR Millions In IDR Millions 11,092,564 11,785,892 11,861,205 1,622,552 1,442,087 1,236,618 1,267,601 1,322,565 503,261 523,050 535,548 8,065,544 6,344,579 L 407,509 436,332 9M2019 9M2020 9M2021 9M2022 9M2023 9M2019 9M2020 9M2021 9M2022 9M2023 9M2019 9M2020 9M2021 9M2022 9M2023 In IDR Billions 2,205 1,995 764 792 801 1,825 1,694 661 681 1,425 In IDR Billions In IDR Billions 15,972 16,580 10,863 8,615 8,533 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 EBITDA In IDR Billions 2,957 2,706 2,533 2,371 2,226 2,223 1,444. 1,096 779 873 476 678 655 352 403 495. 192 214 2,075 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY2021 FY2022 9M2023 Sugar refinery commenced operation 17 Biodiesel plant commenced operation Sugar mill commenced Covid-19 Pandemic operation#20Debt Coverage In IDR Millions 7,158,706 4,783,616 2,371,393 1.40 FY2018 7,519,193 5,362,924 Net Debt/Equity 1.54 2,222,897 FY2019 ■Net Debt ■ Equity EBITDA 9,083,010 5,888,856 2,533,274 FY2020 8,920,951 6,492,354 2,705,894 9,922,752 6,832,234 2,957,191 FY2021 FY2022 Net Debt/EBITDA Annualized 11,957,599 7,600,624 2,074,682 9M2023 EBITDA / Interest Exp 1.57 4.09 3.59 1.45 3.38 3.30 3.36 3.20 3.23 3.06 3.05 1.37 2.51 FY2019 FY2020 FY2021 FY2022 9M2023 FY2019 FY2020 FY2021 FY2022 9M2023 FY2019 FY2020 FY2021 FY2022 9M2023 18#21Board of Commisioner Management Profile Santoso Winata President Commissioner Indonesian. Joined Sungai Budi Group in 1982. Mr. Winata is also the Vice Chairman of Sungai Budi Group and President Director of PT Budi Starch & Sweetener Tbk since 1987. He has been the President Commissioner of TBLA since 1990. Albert Oey Commissioner Indonesian. Joined Sungai Budi Group since 1998. Mr. Oey is also a director at PT Budi Starch & Sweetener Tbk. He was appointed as Commissioner of TBLA in 1999. Justinus Aditya Sidharta Commissioner Indonesian. Joined the Company since 2016 as an Independent Commissioner. His past and current appointment include: Independent Commisioner at PT. Catur Sentosa Adiprana Tbk (2015 - Present), Managing Director at justinus a Sidharta CPA firm (2011 - present), Deputy Managing Director at Johan Malonda Astika & Partnerts (1998 - 2010). 19#22Board of Directors Management Profile Widarto President Director Indonesian. Joined Sungai Budi Group in 1966 and appointed as Chairman of the group in 1985. Mr. Widarto has been in charged as President Director of TBLA since 1986. He is also currently the President Commissioner of PT Budi Starch & Sweetener Tbk. Sudarmo Tasmin Deputy President Director Indonesian. Obtained Master of Economic degree from Trisakti University in 1981. Started his career as auditor in Public Accountant Firm Santoso Reskoatmojo (1981-1982) before serving as internal auditor in PT. Inti Salim Corpora (1982-1984). Mr. Tasmin joined Sungai Budi Group in 1984 and was appointed as director in 1986. Mr. Tasmin was put in charge as Deputy President Director of TBLA in 1999. He also presently serves as Vice-President Director of PT Budi Starch & Sweetener Tbk. Alfred Oey Director Indonesian. Obtained Bachelor of Science in Business Administration Major Finance of Ohio State University, Colombus, USA in 2000. Joined Sungai Budi Group in 2000 and was appointed as the Director of TBLA in 2002. Djunaedi Nur Director Indonesian. Obtained Master of Economic degree from Trisakti University in 1978. Previously served as Manager of Administration and university instructor of Economics Faculty both at Trisakti University (1972- 1982). He joined Sungai Budi Group in 1982 and was appointed as General Manager in a number of Sungai Budi group companies until 1990. He was appointed as Director of Sungai Budi Group since 1991, Commissioner of PT Budi Starch & Sweetener Tbk since 1994 and Director of TBLA since 1997. 20 20#23Management Profile Board of Directors Chin Poh Peng Director Malaysian. Joined TBLA Board of Director in 2018. Obtained bachelor degree in agriculture from Malaysia Agriculture University. Worked for Guthrie Malaysia from 1979 to 1997 where last position hold was agronomist consultant. Joined Tropicrop group as CEO from 1997 up until 2010. Worked for PT. SMART Tbk as Head agronomy audit & advisory up until 2014. Joined Sungai Budi group in 2016 as Head of Plantations. Murugaiah Perisamy Director Malaysian. Joined TBLA Board of Director in 2018. Obtained executive master degree in plantation & estate management from e-Malaysia University. Started his career in Guthrie Malaysia in 1972 as senior conductor. Joined Sungai Budi in 1998 as Plantation Manager and holds various position within the group over the last 20 years. Last position hold was plantation general manager from 2015 2018. 21 21