Investor Presentaiton

Indonesia Electric Vehicle Outlook 2023 Marine Transport Electric boats could emerge as a potential solution in Indonesia's small-scale fisheries • In marine transportation, battery-powered vessels are not yet the most appealing option for zero-emission solutions due to their low energy density compared to other alternatives such as biofuels or synthetic fuels. This low energy density results in a reduction in cargo space, particularly for larger vessels such as cruises, tankers, containerships, bulk carriers, or RoPax. At present, battery-powered boats are only practical for very short-distance trips and small GT. • In Indonesian context, electric boats seem to have a promising market in small- scale fisheries. This sector is currently facing economic challenges due to reduced access to subsidized fuel for fishing boats (ketinting). To address this challenge, several SMEs in Nusa Tenggara Barat, Bali, Batam, and Bangka Belitung have innovated by developing electric boats with low gross tonnage, ranging from 1 to 5 GT to replace their ketinting. These boats are powered by outboard, inboard, or ketinting engines. The switch to electric motors offers several advantages over standard motors, including lower fuel and maintenance costs, longer engine life, and reduced noise. • While electric boats offer many advantages over conventional boats, their development faces several challenges. One of the major challenges is the high cost of batteries, which significantly contributes to the high upfront cost of the boat, which can be 11 times higher than conventional boats. However, the savings in operating and fuel costs could offset the higher upfront cost in the long run. The conversion to an electric boat is estimated to break even after 6 years of use. Motor Battery Electric ketinting fishing boat specification 1.5 kW 2.5 kWh (18 kg Li-On, 100A BMS) Charging 1.5 hour Mileage Source: Azura Indonesia 15 nautical miles (~27.8 km) 33

View entire presentation