Investor Presentaiton

9M2023 9M2022 PT Japfa Tbk - Financial Performance Revenue IDR Billion 37,767 2.6% y-o-y 36,793 Operating Profit IDR Billion EBITDA IDR Billion PAT IDR Billion 994 & JAPFA 2,044 2,869 (17.0)% y-o-y (11.8)% y-o-y (34.6%) y-o-y 3,252 1,520 2,463 Profitability is improving but 9M 2023 results are still affected by weak performance in the first half Revenue in Rupiah terms increased mainly due to higher feed ASPs. Feed remains a pillar of profitability and we continue to pass on raw material price increases in our selling prices. Feed margins have shown recent improvements. Profitability decreased y-o-y mainly due to lower DOC and broiler selling prices. This was partly cushioned by improvements in the Downstream performance as well as a reduction in G&A expenses resulting from cost savings initiatives introduced in 2023. The prolonged demand and supply imbalance in DOCS and broilers since 2022 resulted in weak poultry prices, which rebounded after supply adjustments from 2Q2023. 17

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