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Investor Presentaiton

Infrastructure Regulatory change, attractive business scheme, and port standardization are needed to encourage SPKLU investment 800 SPKLU target and implementation 693 Indonesia Electric Vehicle Outlook 2023 • In 2022, the number of SPKLUS has tripled from the previous year, reaching a total of 570 installed. However, the total number of installed SPKLUS is still around 20% below the government target. PLN stated per 2022, a total of 570 SPKLU has been installed which is 82% from the target in 2022, making it the biggest realization as compared to last two years. Despite that, they are not well-distributed as more than 88% of SPKLU is located in Java and Bali. • Jakarta and Bali have the highest number of SPKLUS compared to other regions. One of the main drivers for the installation SPKLU is the G20 event, whose official vehicles are EVs. As a result, aside from Jakarta as the capital, a lot of SPKLUS can be found in Bali, where the G20 event was held. Except for these regions, the number of SPKLUS is relatively low. • A government-initiated charging infrastructure deployment strategy is 4-7 times more cost-effective than offering incentives to consumers to encourage EV adoption (Foster et al., 2021). This is because each charger type caters to different needs of consumers. In Jakarta areas, almost 50% of the charging stations are slow charging stations, while the fast charging stations are operated by state- owned enterprises and located at their own sites, away from where they are most needed, i.e. highways/tolls. Therefore, a strategic deployment plan is needed to optimize SPKLU investment. Units 600 400 +205% 390 180 200 +202% 187 Source: PLN 2022, IESR 2021 Kalimantan 2.3% Sulawesi 2.6% Sumatera 5.6% 570 62 2020 2021 2022 Implementation Target National SPKLU distribution O Source: PLN 2022 Java & Bali 88.1% 25 25
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