Investor Presentaiton

FINANCE OPERATING EFFICIENCIES & COST DISCIPLINE TIGA RODA 45 SMARTER FASTER BETTER SEMEN INDOCEMENT HEIDELBERGCEMENT Group YTD Q3 Composition of Manufacturing Cost 2018 2019 2020 YTD Q3 Operating Expenses (bio IDR) Selling Expense G&A Expense 23% 24% 23% 10% 10% 11% 48% 45% 42% 1,868 1,968 1,834 +5.4% -6.8% 24% 20% 21% 514 524 475 -9.2% +2.0% Raw Materials • • Direct labor Fuel and Power Man. Overhead Raw Materials & Direct Labor generally maintain over the years Lower coal price with higher usage of low CV coal & alternative fuel continuously reduces overall Fuel and Power cost Increase in Manufacturing Overhead is due to fixed cost components with lower volume of 2020 2018 2019 2020 Both expenses are in line with lower sales volume during 9 months of 2020 including cost savings from more use of online meetings and digital platform for sales activities which reduce business travel costs Slide 12 10 November 2020 Public Expose - Indocement

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