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INDOCEMENT Public Expose FY2020 Financial Result March 19, 2021

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INDOCEMENT Public Expose FY2020 Financial Result March 19, 2021 INDOCEMENT Public Expose FY2020 Financial Result March 19, 2021 Slide 1 Indocement Public Expose 2021 AGENDA Indonesia Cement Industry Financial Update Full Year 2020 Investment Strategy Cement Market Outlook HR, Good Works & Awards Q & A Slide 2 Indocement Public Expose 2021 INDONESIA CEMENT INDUSTRY AT GLANCE Strong footprint in West Java as key advantage for Indocement National Cement Consumption 55.9% 54.2% FY2019 FY2020 Capital City : Jakarta 20.5% 22.0% 8.9% Population : ~271 Million 6.4% 6.3% 8.7% 8.6% 8.5% Indonesia Density : 149/km2 Facts GDP Annual : -2.07%% (2020) Java Sumatera Kalimantan Sulawesi Others GDP Per Capita : USD 3,912 (2020) IDR/USD Rate : ~14,000 No. of Companies : 16 Cement Capacity : ~120 MTY ITP Cement Capacity : 24.9 MTY Cement Domestic Consumption : 62.7MT (2020) Industry Bag - Bulk Ratio : ~75-25 Cement Consumption : ~238 kg/capita Main Players : Semen Indonesia, Indocement, Conch, Bosowa, Cemindo 24.9 MT CEM Capacity 2.8 MT AGG Capacity 9 CEM Terminals 40 RMC Plants Slide 3 Indocement Public Expose 2021 INDONESIA CEMENT LANDSCAPE 2020 Kalimantan: 6.1 Sumatera: 16.9 5% Sulawesi: 14.1 46 49 4% 7% % % 23% 11% 31% 52% Indonesia: 115.2 16% 55% (in million ton per annum) Growth FY2020 -10.4% <=0% East Indonesia: 1.9 >0%<=5% 21% 7… >5%<=10% West Java: 45.7 >10%<=15% 6% 10% Central Java: 8.2 Capacity Distribution (pie charts): 11% 4% East Java: 22.4 >15% 3% 22 Semen Indonesia Hongshi 41 2% % 8%4% Solusi Bangun Indonesia Jui Shin 13% % 4% 37 16% Indocement Semen Kupang 4% 49% % Conch Semen Baturaja 66% Semen Bosowa Semen Semeru Semen Merah Putih Puger Semen Bima Other Slide 4 Siam Cement Indocement Public Expose 2021 INDONESIA CEMENT CAPACITY SHARE Capacity in million tons per annum 114 115 1. Semen Indonesia + SBI (Ex Holcim): 44% 107 111 94 2. Indocement: 21% 76 3. Conch: 10% 76 76 74 76 4. Bosowa: 6% 68 5. Cemindo Gemilang (MP): 5% 64 6. Semen Baturaja: 3% 12 12 12 12 10 7. Panasia: 2% 6 20 21 24 27 4 15 8. Siam Cement: 2% 2015 2016 2017 2018 2019 2020 9. Juishin: 2% Top 2 Incumbents (ITP, SI) 10. Semen Kupang: <1% 2nd Tier Incumbents (SBM, SB, SK, Puger) Puger, Hao Han, Sun Fook and Semen Jakarta: 2% Recent Entrants (MP, JSI, SJW, STA, CCI, HS) (few currently are halted but included for total capacity purpose) *Data above shows Estimated Capacity in mio ton & % Capacity Share Source: Asosiasi Semen Indonesia Capacity grew about 1% in 2020 Slide 5 Indocement Public Expose 2021 CEMENT MARKET EVOLUTION The pandemic slams the market back to a contraction point in 2020 97.9% 95.1% LHI Pandemic 93.2% Economy Indocement 91.9% 92.9% Acquisition Crisis 128.4 88.7% 123.8 125.3 Crisis Acquisition by 87.1% By SIG 120.5 122.4 84.6% 81.8% HeidelbergCement 81.7% 113.9 115.2 78.9% 80.2% 110.6 75.1% 107.1 71.2% 94.3 68.3% 65.7% 63.6% 62.9% 63.0% 61.9% 61.4% 61.4% 59.2% 57.0% 58.0% 57.1% 54.6% 75.9 54.4% 54.1% 69.5 80.8 47.5% 77.0 62.4 42.3% 59.8 73.3 40.1% 69.6 69.9 69.8 54.1 66.3 65.2 50.9 62.0 62.0 62.7 47.5 47.5 47.5 48.7 60.5 47.0 47.0 47.1 46.1 45.5 58.0 45.1 44.9 45.0 55.0 33.6 48.0 40.8 27.3 38.1 38.4 22.6 24.1 Additional Capacity from Existing Demand 31.9 34.2 30.2 31.5 Players (2013-18): 10 MT 25.5 27.5 25.7 27.1 27.5 Capacity 21.5 23.6 22.3 19.1 18.8 Additional Capacity from 8 New Entrants (2013-18): 24.7 MT Utilization 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21f 22f 23f 24f 25f Source: Industrial Ministry & INDONESIA Cement Association CAGR ‘07A-10A ‘10A-13A ‘13A-16A ‘16A-19A ‘19A-22F ’22F-25F and Internal Indocement Projection data Demand 6.1% 12.5% 2.2% 4.1% 0.0% 5.0% Slide 6 Capacity 3.8% 7.1% 14.7% 6.5% 2.4% 0.8% Indocement Public Expose 2021 TOTAL VOLUME FOR 2020 DECLINES -10.4% Despite 2019 growth of +0.7% 7,344 6,819 7,188 7,088 Covid-19 started 6,533 6,777 by mid Mar-20 6,423 6,471 6,526 5,696 6,176 6,233 5,671 6,408 6,416 6,106 6,101 5,624 5,869 - 9.4% - 15.1% 5,205 5,337 +29.3% 5,454 - 13.9% 5,738 5,208 5,195 5,166 - 8.5% 4,884 4,816 4,863 - 14.9% - 12.1% - 7.4% 4,821 4,810 4,597 4,535 2018 -6.9% 3,762 - 5.8% - 5.9% 3,152 3,317 2019 - 39.3% 2020 Fasting Season volume in k ton Holiday 2020 Q1 Q2 Q3 Q4 2020 H1 +31% 2020 H2 Source: Asosiasi Semen Indonesia 27,165 35,576 2019 H1 +38% 2019 H2 29,424 40,569 2018 H1 +31% 2018 H2 30,052 39,489 Slide 7 Indocement Public Expose 2021 JAVA-OUTSIDE & BAG-BULK MARKET Volume in 000 ton Java 82% - Bag Bag 71% - Java Outside Java 18% - Bulk 84% - Bag (-5.4% YoY) Bulk 29% - Outside Java 68% - Java 44% 44% 16% - Bulk (-14.3% YoY) 27% 27% 32% - Outside Java 44% 26% 18,769 18,897 46% 45% 24% 16,938 23% 30,531 30,863 28,885 14,794 14,702 28,194 28,722 73% 74% 73% 76% 56% 56% 56% 54% 55% 77% 51,153 46,845 49,412 50,772 48,040 39,010 39,187 33,446 37,464 34,020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 66% - Bag 70% - Bag (-6.8% YoY) 50% - Java 50% - Java 34% - Bulk 30% - Bulk (-25.4% YoY) 50% - Outside Java 50% - Outside Java • Bag market proves to be more resilient in 2020 with current market portion of 77% vs. YTD 2019 of 73% • Bulk market suffers all year from heavy rainfalls during the first 2 months of 2020 then followed by impact of covid-19 Slide 8 Indocement Public Expose 2021 AGENDA Indonesia Cement Industry Financial Update Full Year 2020 Investment Strategy Cement Market Outlook HR, Good Works & Awards Q & A Slide 9 Indocement Public Expose 2021 Slide 10 Indocement Public Expose 2021 AGENDA Indonesia Cement Industry Financial Update Full Year 2020 Investment Strategy Cement Market Outlook HR, Good Works & Awards Q & A Slide 11 Indocement Public Expose 2021 INDOCEMENT SUSTAINABILITY PROJECT for Reducing Dust Emission P9 Bag House • New regulation require continues emission monitoring and mandatory online reporting by end 2020 • Indocement received Green Label Indonesia GOLD Certification for PCC Cement Type at Citeureup & Cirebon plants • Green Label is a certification for environmental friendly and sustainable product that will eventually get priority to supply Government Projects and other Environmentally concern Projects Master plan reducing dust emission by converting ESP (Electrostatic Precipitator) to Fabric Bag House Filters COMPLETED MASTER PLAN SCHEDULE 2015 2017 20182020 2021 2022 2023 P-9 P-10 P-4 P-8 P-5 P-11 P-12 P-7 P-3 Nov-15 Jul-17 Feb-18 Feb-20 Dec-20 P9 Dust Emission P10 Dust Emission P4 Dust Emission P8 Dust Emission (mg/m3) (mg/m3) (mg/m3) (mg/m3) 2015 = 55.0 2015 = 59.8 2015 = 32.8 2015 = 51.4 2019 = 13.7 2019 = 12.8 2019 = 4.7 Q3 2020 = 9.5 Slide 12 Indocement Public Expose 2021 NEW AGGREGATES QUARRY - PAMOYANAN PROJECT close to Jakarta – Bogor – Cikampek area • Commercial production started on October 2020 • Production target is 100k ton/month of Aggregates product for the first year • Annual production capacity of 2.5mio ton/year • Ready to supply strategic projects in Jabodetabek area such as High Speed Railway, Jakarta-Cikampek Southern Part, Harbour Toll Road, LRT etc. Crusher & Washing Plant Area Slide 13 Indocement Public Expose 2021 SALES DIGITALIZATION PROGRAM Implementation of TIRO Sales Force Automation (SFA) & Distribution Management System (DMS) across Indonesia 2019 Development Java Area 2020 2021 All Indonesia Covered TIRO System started its Covered st development as of 1 half Java, the biggest market & 2021 will be the of 2019 distributorship in Indonesia optimization year after all completed in late 2019 information from market is fully captured using TIRO SFA & DMS. 1H Aug Dec Dec Start TIRO was first implemented in BALI 2019 Slide 14 Indocement Public Expose 2021 SALES DIGITALIZATION PROGRAM TIRO Salesforce Automation (SFA) & Distributor Management System (DMS) now covers 100% Indonesia market By end of 2020, TIRO has covered all regions in Indonesia. This is not the end of the journey, in fact TIRO system implementation is the catalyst of our digitalization journey and as a main gate of many potentials that will follow • Uniformity TIRO System merge key sales activities of all distributor across Indonesia in one integrated platform. This include ordering process, order tracking, retailer visitation, customer management and customer service • Transparency Data gathered from TIRO used by respective entity to utilize it in shaping their strategies • Fast TIRO provide real-time processes.
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