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Investor Presentaiton

Indonesia Encourages Downstreaming of Commodities One of which is Encouraging the Development of Nickel-Based Industries to Become a Global Battery and EV Supplier 1. Potential: Indonesia's Nickel Reserves Are Abundant 2. Strategies Global Nickel Reserve A. The ban on nickel ore exports maintains the availability of raw materials for downstream industries INDONESIA 21,0 M Export Value (Million USD) Australia 20,0 M Commodity 2019 2020 2021 Indonesia and the Main Exporting Country Brazil Other 16,0 M 14,0M 1.097 Prohibited →0 Prohibited → 0 Russia 6,9 M Nickel Ore (HS 2604) 600 1.056 1st Cuba 5,5 M Philippines 4,8 M Also rich in other battery materials reserve South Africa 3,7 M China 2,8 M Canada 2,8 M Guatemala 1,8 M Madagascar 1,6 M 1.2 billion ton 51 million ton 43 million ton Aluminium Copper Manganese Colombia 0,4 M US 0,1 M Cobalt Lithium Graphite B. Invest in End-to-end EV Battery value chain development Estimated total investment of USD 15.3 Billion*) to build End-to-end value chain EV Batteries with a capacity of 140 GWh C. Supporting Regulation Presidential Decree No. 55 of 2019 to Accelerate the Use of Battery Electric Vehicles (BEV) on the Road & Government Regulation No. 74/2021- Accelerated Development of BEV 3. Benefits and Added Value of Nickel Downstream Value added process Indonesia's nickel reserves are the largest reserves in the world reaching 21 million nickel ore or with a share of 23.7% of all world reserves. Source: Coordinating Ministry for Economic Affairs Input Nikcel Output Batter Value-added 90 to 150 times 59
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