Investor Presentaiton

Promoting The Development Of Nickel-based Industries To Become A Global Battery And EV Supplier Government Issues Presidential Decree No. 55 of 2019 to Accelerate the Use of Battery Electric Vehicles (BEV) on the Road & Government Regulation No. 74/2021. In order to strengthen the ecosystem of Battery-Based Electric Motorized Vehicles, the Government provides Incentive Support in the form of Government-borne VAT Potential: Indonesia's Nickel Reserves Are Abundant Global Nickel Reserve INDONESIA Australia 21,0 M 20,0 M Brazil Other 16,0 M 14,0 M Russia 6,9 M 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 Aluminium 51 million ton Copper 43 million ton Manganese Colombia 0,4 M US 0,1 M Cobalt Lithium Graphite Benefits and Added Value of Nickel Downstream Value added process Input Output Value-added 90 to 150 Nickel Ore Battery times Amount of Incentive for Battery-Based Electric Motorized Vehicles - - TKDN > 40% - VAT incentive of 10%, so that the VAT that must be paid remains 1% - TKDN > 20% - 40% - VAT incentive of 5%, so that the VAT that must be paid remains 6% In Indonesia, the deepening of the electric vehicle industry structure is carried out through the obligation to gradually increase the domestic content level (TKDN) until 2030. Supporting Regulation Regulation Of The Minister Of Finance Of The Republic Of Indonesia 38/2023 62 2

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