PT CIKARANG LISTRINDO TBK

Investor Presentation FY 2020

April 2021 Strictly Private & Confidential Reliable, Clean and Efficient Power Disclaimer

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/ 1 Agenda

1. Recent Update 3

2. Operational Performance 5

3. Financial Performance 9

4. Future Development 15

2 01

Recent Update

3 The Company has successfully maintained a strong credit rating from global credit rating agencies. Moody’s and Nov-20 S&P affirmed the Company’s rating of Ba2 (positive outlook) Recent and BB+ (stable outlook), respectively. Update The Company established an Environmental Sustainability Team to develop and evaluate the use of environmental Nov-20 sustainability initiatives.

› The Company was awarded a “Resilience in Pandemic” award in the energy sector by Bisnis Indonesia. Dec-20 › The Company’s President Director was named Indonesia’s Most Admired CEO 2020 by Warta Ekonomi.

The Company distributed an interim dividend for FY20 of Dec-20 US$18 million.

Continuing the renewables initiatives, the Company successfully installed an addition of 150kWp solar rooftop on the customers' manufacturing facilities and Dec-20 supplemented coal with biomass in the CFB boilers totaling to 1,403tons of PKS or equivalent to 2,271MWh of electric power.

The Company also established a Corporate Social Responsibility Team which focuses on improving the CSR Jan-21 programs and documentation.

The Company managed to install another 420kWp solar Mar-21 rooftop on the customers’ manufacturing facilities.

/ 4 02

Operational Performance

5 Operational Performance (1/2)

Historical Consumption Growth Net Capacity Factor1,2 (GWh) Availability 97% 96% 96% 98% 95% Factor1 % 6,000 (%) 5,155 100% 87% 4,500 77% 1,906 3,779 26.7% 80% 67% 68% 61% 1,038 45.5% 60% 3,000 11% 11%3 40% 3,249 1,500 2,741 15.6% 50% 20%

0 0% 2019 2020 2016 2017 2018 2019 2020 IE PLN Net Plant Heat Rate1 Network Distribution and Transmission Line Losses4 (Btu/kWh) (%)

12,000 5.0%

9,315 9,259 9,570 8,739 4.0% 9,000 8,276

3.0% 6,000 2.0%

3,000 1.0% 0.6% 0.7% 0.7% 0.7% 0.7%

0 0.0% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

Source: Company data as at December 2020, unless otherwise indicated. 1. Combination of Gas-Fired Power Plant and Coal-Fired Power Plant. 2. Net capacity factor is the ratio of power plant’s total kWh generation in a given period to its maximum possible kWh generation based on 646MW from Mar 2011; 786MW from May 2017; 926MW from Sep 2017; 3. Adjusted with the effect of discontinued PLN-1; 4. Network distribution and transmission line losses are electricity line energy losses in the process of supplying electricity from our / 6 plant to the customers. Operational Performance (2/2)

IE Customer Energized1 Capacity IE Customer Breakdown

(# of 2,252 2,351 2,411 2,464 2,495 Share of Energized Capacity Share of KWH Sold Tenants) by Geography2 by Industry (kVA 000’s) Heavy 1,111 1,140 US Data 1,200 1,052 1,072 ASEAN Taiwan Industry Others 1,014 1% Center 6% 2% Others 2% 13% Consumer 4% 900 Europe 1% Automotives Goods 4% 28% 4% 600 South Korea Chemicals 7% 300 6% Japan Indonesia 50% Food Electronics 29% Plastics 0 8% 20% 2016 2017 2018 2019 2020 15%

Length of Customer Relationship Low Customer Churn Rate3 and Bad Debt4

(%) (Churn Rate, %) (Bad Debt, %) 80% 5.0% 3.00% 69% 4.0% 60% 2.00%

3.0% 40% 1.00% 2.0% 0.3% 21% 0.1% 0.1% 0.1% 0.1% 20% 0.00% 10% 1.0% 0.5% 0.7% 0.4% 0.2% 0.3% 0% 0.0% -1.00% >10 years 5–10 years <5 years 2016 2017 2018 2019 2020 Churn Rate Bad Debt Source: Company data as at December 2020, unless otherwise indicated. 1. Energized kVA represents the amount of capacity each IE customer has purchased for use under the offtake agreements; 2. Based on nationality of customers’ corporate parent; 3. Churn rate defined as rate at which customers stop subscribing to Cikarang Listrindo’s service; 4. Calculated by dividing impairment loss on receivables with total net sales. / 7 Operational Performance during Crisis

COVID-19 vs 2008-2009 Global Financial Crisis

Industrial Estates Customers’ Industrial Estates Customers’ Monthly Consumption 2019 - 2021 Monthly Consumption 2008 - 2009

PSBB1 PSBB1 Transitional PSBB PSBB1 (GWh) Jakarta Bekasi Jakarta & Bekasi Jakarta (GWh) 300 Lebaran Year-end 200 holidays holidays 5% 12%

-25% February 2021 150 -37% 100 May 2009 consumption has consumption was reached its peak, 105% 88% of October of pre-covid level. 2008 consumption

0 0

Jul

Jan Jan

Jun

Oct

Apr

Feb Feb

Sep

Dec

Mar

Aug

Nov May 2019 & Jan-Feb 2020 2020 & Jan-Feb 2021

• November 2020 consumption has been recovered to 98% of pre-covid period. Meanwhile December 2020 and January 2021 was impacted by the seasonality of Christmas and New Year holidays. • Industrial Estates customers’ consumption starts recovering as the result of the economy reopening through relaxation of Large-Scale Social Restrictions1 (PSBB1) by provincial government.

Source: Company data. 1. Referred to social mobility restriction, while industrial activities remain the same with protocols from the Ministry of Health and the Ministry of Industry. / 8 03

Financial Performance

9 Financial Performance

Profit & Loss (US$ million) 2020 2019 ∆ ∆ % Cash Flows (US$ million) 2020 2019 ∆ ∆ % Revenue 465.9 588.5 (122.6) (20.8%) Net Cash Provided by 169.8 126.2 43.6 34.6% Operating Activities - IE 364.9 433.4 (68.5) (15.8%) Net Cash Used in Investing - PLN 101.0 155.1 (54.1) (34.9%) (72.5) 51.5 (124.0) (240.9%) Activities Cost of Sales (275.9) (366.0) 90.1 (24.6%) Cash Used in Financing (66.1) (94.6) 28.5 (30.1%) Gross Profit 190.0 222.5 (32.5) (14.6%) Activities Net Increase in Cash and Operating Expenses (58.0) (60.0) 2.0 (3.3%) 31.2 83.1 (51.8) (62.4%) Cash Equivalents EBITDA 188.6 226.8 (38.1) (16.8%) Effect of Exchange Rate Gain (Loss) on Foreign (0.6) 4.9 (5.6) (112.3%) Changes on Cash and Cash (1.4) 3.2 (4.6) (144.4%) Exchange, Net Equivalents Profit Before Income Tax 105.1 140.4 (35.3) (25.1%) Cash and Cash Equivalents at 272.5 242.7 29.8 12.3% Income Tax Benefit (Expense) (30.3) (26.9) (3.5) 12.9% End of Period

- Current (20.1) (30.3) 10.2 (33.6%) Balance Sheet (US$ million) 2020 2019 ∆ ∆ % - Deferred (10.2) 3.5 (13.7) (395.3%) Total Assets 1,342.9 1,324.8 18.1 1.4% Net Income 74.8 113.5 (38.8) (34.2%) Total Liabilities 672.3 665.2 7.1 1.1% Treasury Shares1 (20.4) (19.7) (0.7) 3.7% Equity2 670.6 659.6 10.9 1.7%

Profitability Ratios (%) 2020 2019 Financial Ratios (x) 2020 2019 Gross Margin 41% 38% Current Ratio 7.7x 6.7x EBITDA Margin 40% 39% FCCR3 > 1-2.5x 6.5x 7.9x Net Income Margin 16% 19% Net Debt4 to EBITDA < 3.75x 1.4x 1.3x

Note: 1. As of December 31, 2020, we have repurchased a total of 346.0 million shares, of which 17.1 million shares have been distributed as a partial bonus to the Company’s employees as a replacement to cash. Therefore / 10 the Company’s total treasury stock as of December 31, 2020 of 328.9 million shares; ; 2. Unappropriated retained earnings of US$259.5 million as of December 31, 2020; 3. Fixed Charge Coverage Ratio (FCCR) is calculated by dividing consolidated EBITDA with fixed charges; 4. Net debt is defined as Total Debt less Cash and Cash Equivalents. Deferred Tax & FX Translation Impact to the Financial Statement

(Rp/US$) › Indonesia is accelerating its planned tax reforms, including -4.0% +1.5% cutting corporate income tax, from previously 25% to 22% in 2020-2021 and then to 20% for 2022 onwards. 16,367 In 2020, the Company use tax rate 20% to calculate the deferred tax assets.

› As of December 31, 2020, the Rupiah has appreciated by 5.4% 14,918 14,481 compared to September 30 2020 and depreciated by 1.5% 14,302 14,244 14,141 14,174 14,105 compared to December 31, 2019. 13,901 The Company booked FX loss incurred from weakening Rupiah against US$ throughout 2020. FX loss impact mainly came from the translation of net monetary assets derived from cash and cash equivalents & receivables which were recorded in Rupiah.

This also impacted the corporate income tax and deferred

Deferred Tax Reduction Movement& FX

31-Jul-19 31-Jul-20 31-Jan-19

income tax expense as our tax report is in Rupiah. 31-Jan-20

30-Jun-19 30-Jun-20

31-Oct-19 31-Oct-20

30-Apr-19 30-Apr-20

28-Feb-19 28-Feb-20

30-Sep-19 30-Sep-20

31-Dec-18 31-Dec-19 31-Dec-20

31-Mar-19 31-Mar-20

31-Aug-20 31-Aug-19

30-Nov-19 30-Nov-20

31-May-19 31-May-20

(US$ million) Net Income Margin 18% 17%

114 ( 9 ) 114 105 105

5 1 81 81 75 75

34% 23% NetIncome Gap Analysis Net Income FX translation Net Income Net Income Deferred FX translation Net Income Net Income Net Income Net Income Net Income 2019 (net of tax) and 2019 2020 Tax Rate (net of tax) and 2020 2019 2020 2019 2020 FX effect on (Adjusted) Reduction FX effect on (Adjusted) (Adjusted) (Adjusted) income taxes income taxes

Source: Company data; Bank Indonesia. / 11 Key Financial Ratios

FCCR Leverage Ratio

• Ratio of the aggregate amount of Consolidated EBITDA • Ratio of Net Debt1 to Consolidated EBITDA for the last four divided by Fixed Charges for the last four quarters. quarters. • The Company for the past 5 years has consistently met the • The Company for the past 5 years has consistently met the FCCR bond covenant (should not be less than 1 - 2.5x). leverage ratio bond covenant (should not be greater than 3.75x).

9.0 9.0 7.7 7.9 7.3 6.5

6.0 6.0 4.7 3.75

3.0 2.50 3.0 1.8 1.7 1.6 1.3 1.4 1.00

0.0 0.0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2

FCCR is greater Leverage Ratio is than 1 - 2.5x less than 3.75x

Source: Company data 1. Net debt is defined as Total Debt less Cash and Cash Equivalents. / 12 Dividend Payout

Historical Dividend since IPO

(US$ million) › The historical dividend payout is above the dividend payout communicated during IPO of 60%. 73 73 69 66 › Management is committed to distribute a regular The Company dividend (interim and final dividend) with careful has distributed consideration to the Company’s cash flow. interim dividend 45 › POWR dividend yield of 9.4% is amongst the 48 FY2020 of top 20 highest dividend yield on the IDX5. 54 US$18 million 56 on Dec 18, 2020. › That dividend yield is also greater than average The final Thai’s power companies’ dividend yield3 of 2.4% dividend will be and MSCI Emerging Market4 of 2.0%. 25 28 declared at the 3 10 15 AGMS Dividend Yield

2016 2017 2018 2019 2020 9.4% Average Thai’s companies’ Dividend Yield of 2.4% Interim Dividend Final Dividend 4.5% 3.4% 2016 2017 2018 2019 2.0% 1.1% 0.9% Dividend Payout 64% 64% 92% 64% POWR.IJ RATCH.TB EGCO.TB GPSC.TB GULF.TB BGRIM.TB Total Rp56/share Rp60/share Rp67/share Rp67/share Dividend/Share1 Dividend Yield2 7.9% 8.4% 9.4% 9.4%

Source: Company data 1. Excluding treasury shares as of December 31, 2020 (329.0 million shares) 4. MSCI Emerging Market Index (USD) as per December 31, 2020 / 13 2. Share price as of December 31, 2020 (Rp710/share) 5. Data compiled from tradingview accessed on April 1, 2021 and calculated using share price as of December 31, 2020 3. Data Dividend TTM and share price as per December 31, 2020 Replacement Value Analysis

Indicators indicate significant under value of POWR stocks

JLT’s Implied Book Value1 Replacement Description Capacity (MW) (US$ million) Cost (US$ million)

Gas Fired Combined Cycle 646 85 5812

Gas Fired Simple Cycle 218 85 1092

Coal Fired Power Plant 280 411 475

Transmission & Distribution - 45 112

Land - 70 121

Total 1,144 696 1,398

The Company’s Enterprise Value as of December 31, 20203 1,062

 Indicative replacement cost accepted by Jardine Lloyd Thompson (JLT), our insurer, to value Company’s asset

 The Company’s Enterprise Value of US$1.1 billion3 is lower than the Asset’s Replacement Value

1. Data as per December 31, 2020 2. Data from Jardine Lloyd Thompson (Company’s insurer) / 14 3. EV as per December 31, 2020 using share price as of December 31, 2020 (Rp710/share) 04

Future Development

15 Potential Capacity Growth from Data Center Market (1/3)

CAGR of Data Center Market Size in SEA1 Region (2019 – 2024F) › The global pace of ICT development and implementation has not been slowed down by the Bangkok, Thailand on going global pandemic. 5-Year CAGR: 12.5% › This rapid digitalization and the surge in demand for Hanoi, Vietnam Ho Chi Minh City, Vietnam 1 5-Year CAGR: 14.5% 5-Year CAGR: 12.4% cloud-based services will make SEA region the fastest growing region for co-location of data centers over the next five years. Its market size is projected to be expanding by a CAGR of 13% between 2019 and 2024F.

Kuala Lumpur Manila, Philippines › Indonesia is set to be the fastest growing market for (Cyberjaya), 5-Year CAGR: 14.2% 1 Malaysia data centers in SEA , with an expected growth rate of 5-Year CAGR: 22% per annum over the next five years. Google’s 12.9% entry into Indonesia demonstrates a developing interest in the country as a potential alternative to Singapore.

› Land owners and real estate landlords are increasingly open to catering to the development of data centers.

Singapore 5-Year CAGR: 5.1%

Jakarta, Indonesia 5-Year CAGR: 21.8% Region CAGR2 Co-location Singapore Vietnam Market Size

Malaysia Indonesia APAC (incl. SEA) 12.2% US$28.0 billion

Thailand Philippines SEA 12.9% US$3.5 billion

Source: Data Centers in Southeast Asia Poised for Rapid Growth, 2019 by Cushman & Wakefield Pte Ltd 1. Southeast Asia / 16 2. CAGR between 2019 – 2024F Potential Capacity Growth from Data Center Market (2/3)

› Indonesia is one of the rising star which are developing rapidly and expected to increase the share of the SEA region’s data center pie, with SEA Internet Economy (GMV2, US$B) abundance of land mass for data center operations to expand, ease of 23% access and lower cost of entry compared to Singapore. › Indonesia’s digital economy is the largest and fastest-growing in Southeast 124 Asia and expected to reach some US$124 billion by 2025. 25% 29% › Rapid growth of startup companies in Indonesia – the country currently 11% have 6 of 13 unicorn companies in ASEAN1. 21% 30% 19% 7% 53 52 44 16% › Favorable Government regulations support the development data center 40 6% 6% (24%) 30 28 infrastructure. 22 16 18 14 8 11 11 12 9 12 › In late 2019, Government announced the completion of Palapa Ring project 5 2 7 8 7 6 3

– a priority infrastructure project that aimed to provide access to 4G Indonesia Malaysia Philippines Singapore Thailand Vietnam Indonesia Data Center Market internet services to more than 500 regencies across the country. The project 2015 2019 2020 2025 CAGR features more than 35,000km of land and undersea fiber-optic cables.

Data Center Tiers Projected Energized Capacity from Data Center

(‘000 kVA) 191.1% Tier 4 POWR’s Key Data Center Players3 160 › 99.995% availability › Est. 0.4 hours annual downtime

Tier 3 70.2% › 99.982% availability 55 › Est. 1.6 hours annual downtime 32

Tier 2 › 99.749% availability 2019 2020 2021 › Est. 22.0 hours annual downtime As of 2020, data center industry contracted capacity reached Tier 1 55MVA. › 99.671% availability In addition to current customers’ expansion, we are expecting Power: Power: Integral an of Part Data Center › Est. 28.8 hours annual downtime 2 more new data center customers in the future. Both already have a land in place.

Source: Frost & Sullivan, 2019; e-Conomy SEA 2020 Report by Google, Temasek & Bain & Company; The Future of Data Centers in the Face of Climate Change by Digital Realty and Eco Business 1. A Unicorn company is a privately held startup company valued at over US$1 billion / 17 2. Gross Merchandise Value 3. Princeton Digital Group, previously XL Axiata Potential Capacity Growth from Data Center Market (3/3)

› Indonesia is among the Asian countries tightening requirements to house consumer data locally for the purpose of data protection. › Supportive regulations play a critical role in unlocking growth opportunities in Indonesia data center market.

Public Domain Banking and Insurance Sector

OJK regulation No. 38/POJK/03/2019 for Bank Government Regulation No. 71/2019 OJK No. 69/POJK/05/2016 for Insurance

› Public domain of electronic system operator must then conduct › Banks and Insurance Companies are required to place their its management, processing and/or storage of their electronic Electronic Systems on Data Centers and Disaster Recovery system and data within Indonesian territory, unless the Centers in the region of Indonesia, or outside Indonesia by Indonesia Data Center Market Center Data Indonesia technology for storage is unavailable in Indonesia, as getting approval from OJK. determined by the Ministry. › For those who have placed it outside the territory of › The public domain of electronic system operator must comply Indonesia, they must move the Data Centers to Indonesia. with this stipulation within two years after the issuance of this regulation (4 October 2021).

I’ve seen many global players in the likes of Microsoft, Amazon, Alibaba, Google who have expressed interest to join and have even begun to develop their data centers in Indonesia.

Indonesia has great potentials and the most active startup ecosystem as well as the largest digital market in Southeast Asia.

-President of Indonesia

Source: https://setkab.go.id/en/president-jokowi-calls-for-regulations-on-investment-in-data-center/ dated February 28, 2020 / 18 Green Energy Initiatives

Co-firing with Biomass in Solar Rooftop CFB Boiler

› In 2019, we started our commitment to Renewable › To diversify its generation mix, in 2017, Company Energy through the installation of solar panel in our successfully commissioned its Coal-Fired Power customer's rooftop. Plant with Circulating Fluidized Bed (CFB) boiler › We have installed 200kWp solar rooftop over the technology. customers’ office in 2019, with an additional of › Despite that, our focus on the environment has 150kWp in 2020. never wavered. The investment in the CFB boiler By the end of 2020, the Company had successfully supplied by Valmet, a Finnish company, allows us installed 402.5kWp of solar rooftop. to burn wider range of coal, and achieves lower emissions by the relatively low firing temperature of › In 2021, we have around 10MWp in the pipeline. the CFB (limiting NOx) and by the use of limestone injection as needed to capture any oxides of

Sulphur (SO2). It also allows us to burn biomass such as Palm Kernel Shells (PKS) / Woodchips / Rice Husks as alternative fuel sources. › In 2019, the Company successfully completed pilot co firing trials using PKS as biomass. In 2020, we consumed 1,403ton of PKS or equal to 2,271MWH of power (2019: 1,089ton of PKS or equal to 1,635MWh of power). › Going forward, the Company will increase its use of biomass to replace a portion of the coal.

The Company’s commitment toward environmental aspect is also proven by securing the Assurance Statement conforming its power plants’ 2019 GHG emission in accordance with ISO 14064-1:2006 in We are committed to develop 2020. The assurance statement has been verified and certified by international certification bodies, Renewable Energy Lloyd’s Register (LRQA) and Transpacific Certifications Limited (TCL). to our generation mix Further, the Company secured 2020 GHG emissions for all Company’s work areas in accordance with ISO 14064-1:2018 in 2021 from TCL.

Source: Company data. / 19 National Strategic Project: BEKAPUR1 Industrial Area to Accelerate Industrialization & Anticipate Industrial Revolution 4.0

Government plans to integrate the entire industrial estates in West Infrastructures Completion Target Capacity Java regencies, namely BEKAPUR to become a National Strategic ±14% Area to enhance industrial development and productivity, which National will bring multiplier effects to the national economy. Kertajati International In operation 5.6 million passenger/year & Industry GDP Airport 1.5 MT/year cargo Full utilization of entire BEKAPUR1 industrial area (11,636ha) could become one of the biggest industrial estate area in the world. Elevated toll road In operation Additional 125k vehicles per Current land utilization in this area is approximately 55% (as per day December 2018). Patimban Deep Seaport In operation 3.5 million TEU/year and 600k CBU vehicle

Cibitung – Cilincing Toll 1H 2021 34 km 23 Road Industrial Estates Java Island Cikarang Bekasi Laut 2022 1.5 million TEU/year

Jakarta Bay Transmission Lines (CBL) canal CBL Canal

Cibitung – Cilincing Express Train Jakarta – 2022 44 minutes & 109K Toll Road Bandung passenger/day Tanjung Priok Direction of Port CBL Inland BEKASI REGENCY Waterways Patimban Deep Jakarta Sea Port Light Rapid 2H 2022 40 – 45 minutes for International Cikarang KARAWANG Airport LRT Dry Port REGENCY Kertajati Transportation (LRT) 25 – 30 km 1.6 DKI JAKARTA International Airport Elevated Toll Patimban Deep Road Sea Port Access Toll Express Train Jakarta – 2024 3.5 hours BEKASI million MUNICIPALIT Semarang Y Workforce Jakarta – Semarang Jakarta – Express Train Patimban Deep Seaport 2024 37.5km Bandung Express Train Access Toll

 Infrastructure development will provide better connectivity between the industries. Government expect this will attract massive economic activities in the BEKAPUR1 area PURWAKARTA due to: REGENCY 6,465ha  Lower logistic costs and increase efficiency in distribution Current Industrial  Better supply chain connectivity Area Jababeka Industrial Estate MM-2100  Improve economic purchasing power and ability to provide significant number East Jakarta Industrial Park (EJIP) Hyundai Inti Development of job creation Lippo Cikarang

Sources: Coordinating Ministry of Maritime Affairs’s Presentation Material on January 30, 2019; Bisnis Indonesia Newspaper dated February 20, 2020; https://www.cnbcindonesia.com/news/20200203160856-4-134845/jakarta-semarang-nyambung-kereta-cepat-5-jam-jadi-35-jam dated February 3, 2020; https://ekonomi.bisnis.com/read/20200121/98/1192437/lelang-operator-pelabuhan-patimban-digelar-februari-2020-ini-syaratnya dated January 21, 2020; https://ekonomi.bisnis.com/read/20191202/98/1176771/masih-studi-proyek-kanal-cbl-molor-hingga-2021 dated December 2, 2019; https://www.inews.id/finance/makro/jokowi-minta-pelabuhan-patimban-bandara-kertajati-dan-bekapur-terkoneksi dated September 22, 2020; https://finance.detik.com/infrastruktur/d-5194877/capai-60-begini-progres-proyek-kereta-cepat-jakarta-bandung dated / 20 September 30, 2020; https://ekonomi.bisnis.com/read/20201021/45/1308082/pembangunan-jalan-tol-cibitung-cilincing-ditargetkan-rampung-2021 dated October 21, 2020; https://finance.detik.com/infrastruktur/d-5225279/pemerintah-minta-lrt-jabodebek-operasi-2021-kontraktor- sanggupi-2022 dated October 23, 2020; https://properti.kompas.com/read/2020/11/09/183831121/tol-akses-patimban-dimulai-2022-harga-lahan-di-sekitarnya-melonjak?page=all dated November 9, 2020 1. Bekasi – Karawang – Purwakarta Cikarang Listrindo’s Response to COVID-19

Our Business Our Communities

We have formulated a Business We are deploying multiple assistance to Continuity Plan (BCP) and Disaster support the Government of Indonesia Recovery Plan (DRP) to address the and all those who are at the front line COVID-19 pandemic. of the COVID-19 fight, as follows : We implemented strict health protocols;  Contributing to the Government’s such as health screening every employee, efforts in providing 15 ventilators to outsource personnel, contractor and be distributed to state-owned visitor to the site. hospitals. We plan to participate in the  Supporting medical personnel at the Government’s Gotong Royong frontlines by providing temporary Vaccination Program for our employees. shelter and also 499,420 personal Commitment to our customers remains protective equipments, which consist the same, if not improved. of 485,100 medical masks, 6,170 hazmat suits and 8,150 face shields as Implementing work from home policy well as 1,000 rapid test tools. for our back office employees. Establishing COVID-19 Response Team  Enhancing health and safety of the to ensure all business processes are in line communities in our operating areas. with the Government’s COVID-19 pandemic policies.

In 2020, the Company was awarded as the Best CSR for Indonesia CSRxPKBL Award 2020 in the infrastructure, utilities and transportation category by Warta Ekonomi. The Company was also awarded a “Resilience in Pandemic” award in the energy sector by Bisnis Indonesia.

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