Investor Presentaiton

400 Poultry Feed: Stable Base Margin 350 300 250 200 150 ུ ༞ 8 ྤ ཤྩ ཤྩ ༔ 100 Price Change³ 50 Sep-10 Sep-11 Mar-13 Sep-13 Sep-14 Mar-10 Mar-11 Mar-12 Sep-12 Mar-14 Mar-15 Sep-15 Mar-16 LTM Poultry Feed OPM (%)' Sep-16 Mar-17 JAPFA 16% 14% Covid 12% Impact 10% 8% 6% 4% LTM OPM Poultry Feed 2% 0% Sep-17 Mar-18 Sep-18 Sep-19 Sep-20 Mar-21 Sep-21 Mar-19 Mar-20 Mar-23 Sep-23 Mar-22 Sep-22 SBM Price 2,3 Corn Price 2,3 -USD/IDR Poultry Feed OPM has been stable around 10% -11% as feed has the ability to effectively pass on fluctuations in raw material prices and currency to its feed selling price 3 Notes: 1. LTM = Last Twelve Month. 2. Raw Material price sourced from Bloomberg - global market price. Since 2017, by government regulatory corn has been sourced locally, therefore the global market corn reference price no longer applicable. 3. The Normalized Price indicator graphs the price movement of an instrument using 100 as the base value for a user specified base date/time. The normalized value for each bar after the base date/time is the percent of the base price expressed as a whole number. (i.e. 100 times actual price divided by actual base price) This indicator shows the percentage move in price relative to some fixed starting point. For example in March 2010 USD/IDR was Rp9,115. Source: Bloomberg, Company information 11

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