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Investor Presentaiton

Aviation The aviation industry will still rely heavily on gas engines, but electric VTOL aircraft might be suitable for Indonesian context Number of projects 20 Global electric/hybrid development projects 15 2 3 0 5 14 12 3 1 1 2 2 VTOL General aviation Electric Large commercial aircraft Hybrid electric Business aircraft Regional aircraft Hybrid diesel electric Source: E-HAPI ICAO Cruise range sensitivity to battery energy density 1,000 Cruise range (km) 750 500 250 о Indonesia Electric Vehicle Outlook 2023 1,000 250 500 Energy density (Wh/kg) 750 Current tech (low) ==Current tech (high) Cruise sensitivity Source: Volta Foundation, ICCT (Notes: 9 bolt specification: weight 7.5 t, structure 4t, battery 2.6 t, payload 0.8 t) • Globally, the aviation industry relies on sustainable fuels as an alternative to conventional fuels in its climate mitigation strategies. Adoption of electric aircraft still faces technical obstacles, particularly related to the energy density of the batteries. The reduced air density at high altitudes further exacerbates this constraint for battery- powered propeller. Thus, most of the global development of electric aircraft is focused on small aircraft such as VTOL and general aviation. • Although the current generation of certified electric aircraft relies on batteries with an energy density of 144 Wh/kg, research into advanced battery technologies such as NCM 811, LSB, and solid-state batteries holds a promise to significantly increase the energy density to 500 Wh/kg. This could greatly enhance the cruise range of the electric aircraft. • Despite the challenges, electric aircrafts have a potential market in Indonesia, particularly in the form of VTOL aircraft for areas with limited take-off and landing infrastructure. Aircraft manufacturers around the world are developing electric aircraft designs, especially in the VTOL segment, and these aircrafts are expected to enter the commercial market in the next few years. 34 74
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