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Page 1
Management
Presentation
PT Samator Indo Gas Tbk
IDX Code : AGII
9M2023 Performance


                    Updated Dec 2023
Page 2
Disclaimer
This presentation has been prepared by PT Samator Indo Gas Tbk (“AGII”) and is                 Presentasi ini telah disiapkan oleh PT Samator Indo Gas Tbk (“AGII”) dan diedarkan
circulated for the purpose of general information only and it is not intended for any          untuk tujuan informasi umum saja dan tidak ditujukan untuk orang tertentu. Semua
specific person. All opinions and estimations included in this presentation constitute          pendapat dan estimasi yang disertakan dalam presentasi ini merupakan penilaian kami
our judgment as of this date and are subject to change without prior notice.                   pada tanggal ini dan dapat berubah tanpa pemberitahuan sebelumnya.

We disclaim any responsibility or liability whatsoever arising which may be brought or         Kami melepaskan tanggung jawab atau kewajiban apa pun yang timbul yang mungkin
suffered by any person as a result of acting in reliance upon the whole or any part of         dibawa atau diderita oleh siapa pun sebagai akibat dari tindakan yang mengandalkan
the contents of this presentation and neither AGII and/or its affiliated companies              seluruh atau sebagian dari isi presentasi ini dan baik AGII dan / atau perusahaan
and/or their respective employees and/or agents accepts liability for any errors,              afiliasinya dan / atau masing-masing. karyawan dan / atau agen menerima tanggung
omissions, negligent or otherwise, in this presentation and any inaccuracy here in or          jawab atas kesalahan, kelalaian, kelalaian atau lainnya, dalam presentasi ini dan
omission here from which might otherwise arise.                                                ketidakakuratan apa pun di sini atau kelalaian di sini yang mungkin muncul.

Cautionary note on forward-looking statements: This presentation may contain                   Catatan kehati-hatian atas pernyataan berwawasan ke depan: Presentasi ini mungkin
statements regarding the business of AGII and its subsidiaries that are of a                   berisi pernyataan mengenai bisnis AGII dan anak perusahaannya yang bersifat
forward-looking nature and are therefore based on management's assumptions about               berwawasan ke depan dan oleh karena itu didasarkan pada asumsi manajemen
future developments. Forward-looking statements involve certain risks and                      tentang perkembangan masa depan. Pernyataan berwawasan ke depan melibatkan
uncertainties because they relate to future events. Actual results may vary materially         risiko dan ketidakpastian tertentu karena terkait dengan peristiwa masa depan. Hasil
from those targeted, expected or projected due to several factors. Potential risks and         aktual dapat berbeda secara material dari yang ditargetkan, diharapkan, atau
uncertainties includes such factors as general economic conditions, foreign exchange           diproyeksikan karena beberapa faktor. Potensi risiko dan ketidakpastian mencakup
fluctuations, interest rate changes, commodity price fluctuations and regulatory                 faktor-faktor seperti kondisi ekonomi umum, fluktuasi nilai tukar mata uang asing,
developments. The reader and/or listener is cautioned to not unduly rely on these              perubahan suku bunga, fluktuasi harga komoditas dan perkembangan regulasi.
forward-looking statements. We do not undertake any duty to publish any update or              Pembaca dan / atau pendengar diperingatkan untuk tidak terlalu mengandalkan
revision of any forward-looking statements.                                                    pernyataan berwawasan ke depan ini. Kami tidak berkewajiban untuk
                                                                                               mempublikasikan pembaruan atau revisi dari pernyataan yang berhubungan dengan
                                                                                               perkiraan kejadian masa depan.




                                             Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023
Page 3
Contents



 _01_                              _02_                                                                _03_

  Company Overview                    9M2023 Performance                                                     Outlook & Strategy




              Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023
Page 4
Company Overview
Page 5
 At-A Glance
 Providing Solutions Across Multiple Sectors



           Key Segments                                               Sales Mix                                                     Product Applications
                                                                                                                                      ● Medical Services, i.e. Respiratory Support
                                                                                                                       Oxygen         ● Metal Fabrication
Segments            Key Products
                                                                                                                                      ● Steel Manufacturing
                                                                                                                                      ● Live Fishery
                                                                                                                                      ● Food Industry, i.e. :
Gas Products
                                                                                                                                          IQF (Individual Quick Frozen)
Air Gas*            Oxygen                                                                                             Nitrogen           MAP (Modified Atmosphere Packaging)
Fuel Gas            Nitrogen                                                                                                          ● Petroleum Recovery & Refinery
Rare Gas            Argon                                                    IDR                                                      ● Glass Manufacturing
Mixed Gas                                                                2.1 Trillion                                                 ● Lighting
Synthetic Gas                                                             9M-2023                                      Argon          ● Metal Fabrication
                                                                                                                                      ● Steel Manufacturing
Specialty Gas                                                               Sales
                                                                                                                                      ● Food & Beverage, i.e. Carbonated Drinks
                                                                                                                       Carbon         ● Metal Fabrication
Equipment and Services                                                                                                 Dioxide        ● Enhanced Oil Recovery (EOR) for Oil & Gas
Installation Services Gas Piping Installation                                                                                         ● Wastewater Treatment
Gas Equipment         Medical Gas Equipment                                                                                           ● Steel Industry
                                                                                                                                      ● Aviation and Aerospace
                                                                                                                       Hydrogen       ● Petrochemicals, Oleochemical, Alternative
                                                                                                                                        Fuels, Fuel Cells
                                                                                                                                      ● Acetylene for Welding
                                                                                                                                      ● Nitrous Oxide for Medical
                                                                                                                       Others         ● Helium for Medical, Other Manufacturing
                                                                                                                                      ● Sterilization Gas for Healthcare
                                                                                                                                      ● And many more


                                     Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                                    5
Page 6
    From Everywhere, In Everything
    Serving A Well-Diversified Customer Base


Retail               Medical                                 Consumer Goods                                  Infrastructure           Other Manufacturing




Workshop             Hospitals                               Carbonation                                     Steel Production         Refining

Home Industry        MRI                                     Freezing                                        Stainless Steel          Natural Gas Fracking

                     Anesthesia                              Aquaculture                                     Inerting                 Enhanced Oil Recovery




                                                                              N2                                                                C2H
                N2      O2                 Ar                H2                                    CO2                   CO      He
                                                                              O                                                                  2


                      Air Gas                                                                        Non-Air Gas

                                 Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |    Updated Dec 2023                                6
Page 7
Key Competitive Advantages

                                                                   First & Largest                                                      The Nation’s Leading
     Nationwide Network
                                                               Industrial Gas Company                                                   Medical Gas Provider

 Largest Distribution Network in The                          Pioneer and Market Leader of the                                       75% to 80% market share in the
  Industry, Covering 55 Plants & 106                           Nation’s Industrial Gas Business                                     medical gas sector and 60%-65% of
     Filling Stations Located in                             with 44% Market Share by Revenue                                        healthcare clients also procure
      28 Provinces in Indonesia                                          as of FY2022a                                              equipment & installation services




    Strong & Collaborative                                     Creating More Value by                                                     Experienced
    International Network                                     Partnering with Global PE                                                 Management Team

 Access to Key International Players                          With the existence of the global PE                                    Board Members have on Average
 enabling Wider Range of Solutions,                           as one of our investors, enables us                                    30+ Years of Industry Experience
   Product Innovation as well as                              to enrich our industry experience                                     with stellar expertise shared among
          Product Variety                                         and deepen our resources                                              Samator Group Leadership

a
 Source: Gasworld, Supplied by Request and Based on Latest Update per Feb 2023



                                     Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                         7
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Key Long Term Financial Trends

Outperforming GDP while Growing the                                                 Growth of Operational Cash Flow                                       Net Debt/EBITDA VS ROE 2015-2020
Business




      2022 (in red): Shows AGII sales growth including demand normalization
      in medical sector

      2022 (in green): Shows AGII sales growth excluding medical sector




                                                           Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                      8
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9M2023 Performance
Page 10
    Recent Developments
                                                                                     Jun 2023                                       Jul 2023
           Oct 2022                           Mar 2023

  Signed the Industrial                                                                                                   57th Plant Contract Signed
                                             56th Plant                     New Filling Station                                                                     Total Network
Land Utilization Contract                                                                                                  A Dedicated Nitrogen Gas
                                          Groundbreaking                      Tanjung Selor, North
                                                                                                                              Plant for PT Infineon                     55 Plants
Kawasan Industri Terpadu
                                        in KITB, Central Java                     Kalimantan                                 Technology in Batam                  109 Filling Stations
      Batang (KITB)

  Plant Progression


  Corporate Actions & Announcements


AGII AGMS Approves                                                Upgraded                                        AGII AGMS Approves                                      Awarded in
                          AGII being                                                    CVC Asia V                                             Issued Bonds and
 Distribution of Cash                          Signed             Company’s                                        Distribution of Cash                               Katadata Corporate
Dividend amounting      listed on the                                                     Invests                                               Sukuk III Phase I
                                             KADIN Net           Credit Rating                                    Dividend amounting                                    Sustainability
 to IDR 30.67 Billion      IDX ESG                                                      Significant                                               raising IDR 140
         and                                  Zero Hub             by Fitch                                       to IDR 14.9 Billion and                             Award as the Social
                        Leader 2022                                                    Minority Stake                 Appointed New             Billion, mainly for
 Announcement of                                MoU               Ratings to                                                                                             Champion of
New Board Members        stock index                                                      in AGII                    Board Members                 Refinancing         Chemical category
                                                                    A(idn)

    Jul 2022             Sep 2022            Sep 2022              Oct 2022              Mar 2023                         May 2023                 Oct 2023               Oct 2023




                                              Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                                  10
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              Experienced Management                                                                                                                                                                                       *Newly Appointed
              Average 30+ Years of Industry Experience                                                                                                                                                                      Board Members




    Heyzer Harsono                   Rasid Harsono                   Setyo Wahono           Michael W. P. Soeryadjaya              Atiff Gill                  Komjen Pol (P)           Dr. Dr. Robiyanto, S.E., M.M.          Dr. Hans-Gerd Wienands
President Commissioner               Vice President                  Vice President              Commissioner                    Commissioner                 Drs. Sutanto, S.H.        Independent Commissioner                     Independent
41 Years Industry Experience         Commissioner                    Commissioner         10 Years Professional Experience      28 Years Industry               Independent             16 Years Professional Experience            Commissioner
                               37 Years Industry Experience          9 Years Industry                                              Experience                  Commissioner                                                   27 Years Professional Experience
                                                                        Experience                                                                           35 Years Professional
                                                                                                                                                                  Experience




     Rachmat Harsono                Ferryawan Utomo                  Imelda Mulyani                Nini Liemijanto                Budi Susanto                 Djanarko Tjandra                   Octavianus                Andy Purwohardono
     President Director              Vice President                     Harsono                    Finance Director                 Director                       Director                        Santoso                       Director
    21 Years Industry Experience         Director                    Legal, Technology,          34 Years Industry Experience 33 Years Industry Experience   21 Years Industry Experience          Director                    32 Years Professional
                                                                                                                                                                                                                                    Experience
                                   33 Years Industry Experience         Compliance                                                                                                               28 Years Industry
                                                                                                                                                                                                    Experience
                                                                    & Risk Management
                                                                          Director
                                                                  19 Years Industry Experience



                                                                      Management Presentation PT Samator Indo Gas Tbk              |   IDX Code : AGII   |   Updated Dec 2023                                                                                    11
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9M2023 Financial Highlights
                                 Year-on-Year                      Pre-pandemic VS Post-pandemic
                                                                                                                          ● Well-diversified Business Risk
In IDR Million         9M-2023        9M-2022      Growth (%)      9M-2023       9M-2019       Growth (%)
                                                                                                                            ○ Historically, not one customer sector contributes >30% of
P&L                                                                                                                           Sales
                                                                                                                            ○ As we observed a high demand coming from all customer
Gas Volume                    504           478          5.4%            504           389             29.6%
                                                                                                                              sectors, the Company books a positive growth in this
Total Gas Sales          1,919,067     1,737,802        10.4%       1,919,067     1,519,540            26.3%
                                                                                                                              Semester and able to efficiently cater to every demand
Equip. & Serv. Sales      148,619       164,646         -9.7%         148,619      142,780              4.1%                ○ Ability to perform across varying state of economy
Total Sales             2,067,686     1,902,448          8.7%      2,067,686      1,662,320           24.4%                 ○ Bulk businesses continue to be our major customer
                                                                                                                              signifying :
COGS                     1,130,492     1,050,054         7.7%       1,130,492       891,116           26.9%                   ■     Continuing confidence with our management,
                                                                                                                              ■     Confidence in the sustainability of our supply,
Gross Profit               937,194       852,395          9.9%         937,194      726,585            29.0%
                                                                                                                              ■     Confidence in us delivering the value of our products &
                                                                                                                                    services
OPEX                      581,483       523,592          11.1%       581,483       425,271            36.7%                   ■     Believing in AGII as the long-term partner

EBIT*                      355,711      328,803          8.2%         355,711       301,314            18.1%              ● Post-pandemic Demand Significantly Higher than
                                                                                                                            Pre-pandemic Demand
Net Profit                   111,573      70,387         58.5%          111,573      73,468             51.9%                ○ Compared to 1H-2019, Total Sales grew 18.2%, and EBITDA
                                                                                                                              grew 28.0%
EBITDA                    652,355        611,387         6.7%        652,355      508,268             28.3%
                                                                                                                            ○ Healthy business and industry growth in the longer term


                       9M-2023        9M-2022      Growth (%)                                                             ● Optimizing Balance Sheet & Productivity
                                                                      *EBIT include Other Income (Expense)                  ○ Kept CAPEX at 10%-13% of Sales amid Bangka Belitung
Total Asset               7,711,891   8,009,970         -3.7%
                                                                                                                              plant commissioning and new filling stations expansion
Total Liabilities        3,893,162    4,408,655         -11.7%
                                                                                                                            ○ Maintained a number of refinancing activities to optimize
Total Equity             3,818,729     3,601,315         6.0%                                                                 Liabilities Management




                                        Management Presentation PT Samator Indo Gas Tbk    |   IDX Code : AGII   |   Updated Dec 2023                                                        12
Page 13
 Financial Ratios
                                                       Covenants       9M2019           9M2020             9M2021              9M2022          9M2023
Profitability ratios
Gross Profit Margin                              %                            44.91          42.72                 46.21             44.81           45.33

Earning Before Interest & Tax (EBIT) Margin     %                            18.63           15.55                22.18              17.28              17.2

EBITDA Margin                                   %                            31.42          29.86                34.88               32.14          31.55

Net Income Margin for The Current Year          %                            4.70            2.04                  8.62              3.98            5.56
                                                                                                                                                               ● Change in Net Income that is
Comprehensive Income Current Year               %                            4.54                1.87               8.32             3.70           5.40
                                                                                                                                                                 influenced by change in
Return on Assets (ROA)1                         %                               1.46             0.6               2.96                 1.26              2
                                                                                                                                                                 Product Mix and Post-covid
Return on Equities (ROE)2                       %                               3.11             1.21               6.59             2.65            3.96
                                                                                                                                                                 Normalization

Liquidity ratios
                                                                                                                                                               ● Gross Margin still maintained
Current                                         X         >= 1                  1.14             1.12              0.95                 1.17               1
                                                                             0.85            0.84                  0.74              0.89               0.71     above 40%, and EBITDA
Quick                                           X
                                                                                                                                                                 Margin also maintained above
                                                                                                                                                                 30%
Solvency ratios
Debts to Equities (DER)                         X         <= 3                  1.15             1.14               1.27                1.22            1.02
Debt to Asset (DAR)                             X                            0.54            0.53                  0.56              0.55                0.5   ● Stable Debt to Asset Ratio
Interest Bearing Debts/Equities                 X         <= 2                  1.02          1.01                  1.13                1.07        0.88
Net Debts/Equities                              X        <= 2,5                 0.91         0.89                  0.92                  0.9        0.76
Interest Bearing Debts/EBITDA                   X                            4.83             5.35                  4.16             4.75            3.87

Net Debt/EBITDA                                 X                            4.29            4.69                    3.4             3.96               3.35
EBITDA/Interest                                 X         >=1,5                 2.52         2.28                  2.98                 2.71            3.19
EBITDA/(Interest + Principal)                   X                                 1.1            1.06                1.6                1.07             1.4

EBITDA/Total Debts                              %                            18.27           16.54                21.44             18.49          22.34




                                              Management Presentation PT Samator Indo Gas Tbk      |    IDX Code : AGII    |   Updated Dec 2023                                                  13
Page 14
Quarterly Sales
Pre VS Post-pandemic Sales Remains Strong

        Quarterly Sales 2019 - YTD in Billion Rupiah                                               Quarterly Sales 2019 - YTD in Billion Rupiah
        (Include Healthcare)                                                                       (Exclude Healthcare)




       Q3-2023 VS Q3-2022                       14.751%                                           Q3-2023 VS Q3-2022                   15.28%
       Q3-2023 VS Q2-2023                       10.69%                                            Q3-2023 VS Q2-2023                   11.07%

       *Including Healthcare



                               Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                       14
Page 15
   Stock Index
   AGII Included in Several Respected Stock Indices




JAKARTA ISLAMIC INDEX 70                                 KOMPAS100                                                             ISSI 2023
(JII70)                                                  August 2023 - January 2024                                            March 2023 - February 2024
June - November 2023                                     100 company stocks with high
                                                         liquidity    and     large     market                                 The constituents of ISSI are selected
The constituents of Indonesian Sharia Stock                                                                                    based on certain criteria by OJK by
Index (ISSI) for at least the last 6 (six)               capitalization, also have a strong
                                                         fundamentals      and    performance                                  issuing a List of Sharia Securities
months and having the highest average                                                                                          (DES) as a reference for its selection.
daily trading volume.                                    according to IDX and Kompas.




                                    Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                         15
Page 16
Outlook & Strategy
Page 17
Industry Outlook
Page 18
Market Share & Growth Outlook
                                Market Share                                                                 AGII Sales VS National GDP Growth




                                         2022




                                                                                                                              Source: National Statistics Bureau & Company Data
         Source: Gasworld, Supplied by Request and Based on Latest Update per Feb 2023

                                                                                                ● AGII has consistently outperformed National GDP Growth,; Fluctuations may occur due
 ● Pioneer and Market Leader of the Nation’s Industrial Gas Business                              to certain economic factors, yet long term trend relatively consistent
 ● AGII holds a total market share of 44% as of FY2022, stable year-on-year                     ● AGII's ability to supply via a diversified, yet reliable mode of distributions have served
 ● AGII business strategies will always find ways to expand its market shares                      well in getting products delivered in a timely manner. However, we experienced a slow
 ● Gasworld projects market to grow 7.2%-7.4% per annum until 2025                                down in medical gas demand during 2022, primarily due to post-COVID sales
                                                                                                  normalization
                                                                                                ● AGII is the only scalable player in Healthcare and Retail clients due to the Company’s
                                                                                                  Diversified Portfolio and Nationwide Network


                                          Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                                        18
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Anticipating Future Projects
Opportunities Driven by Industrial Recovery




                Energy                                         Industrial                                                Oleochemical
                                                                 Estate




            New Capital City                                  Healthcare                                                   Mining
                                                              Equipment




                          Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                  19
Page 20
Key Priorities
Page 21
Key Priorities




       Market Development                                    Process Improvement                                              Human Capital Development

Identify and Develop High Growth Segments,         Technology Developments, i.e. Cylinder & Road                        People and Organization Transformation i.e.
i.e. Healthcare, Industrial Estates, Energy &      Tankers Tracking, IoT Telemetry in Gas Tanks,                        Online Employee Journal to track Career
Mining (including Smelter Developments)            Efficient and/or Renewable Energy in Facilities                       Growth    & Performance,    Digitized  HC
                                                                                                                        Processes
Explore Integrated Services, i.e. Industrial       Business Process Improvement, i.e. Centralized
and/or Medical Equipment and Gas Piping            Command Center (as seen above)                                       Human      Capital    Excellence    through
Installation                                                                                                            Personalized Training & Education as well as
                                                                                                                        Alignment of Individual Goals towards Overall
                                                                                                                        Company Vision




                               Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                             21
Page 22
 Key Priorities




     Asset Tracking             IoT Telemetry                       Digitized Talent
        System                                                       Management




 Digitized & Integrated     Centralized Command                 Installing Renewable
Contract & Billing System           Center                       Energy in Facilities




                              Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023   22
Page 23
Thank You
Contact Us
JAKARTA OFFICE

UGM Samator Pendidikan Building
Tower A, 5th and 6th Floor
Jl. Dr. Saharjo No.83, Manggarai - Tebet
DKI Jakarta, INDONESIA 12850
P + 6221 8370 9111 F +6221 8370 9911


SURABAYA OFFICE

Jl. Raya Kedung Baruk No 25-28
Kedung Baruk, Rungkut, Surabaya
East Java, Indonesia 60298
P +6231 9900 4000 F +6231 9900 4100



www.samatorgas.com             corsec@samator.com & investor.relations@samator.com
Page 24
Appendix
Page 25
    Milestones


           1916
           NV WA Hoek Machine en Zuurstof
           established first O2 plant in Jakarta

           1924                                                                                             A portion of AGI shares was sold to Messer
           NV Javasche Koelzoor established first                                                            Grieshiem GmbH (40%) and PT Tira Austenite (10%).
           CO2 plant in Surabaya
                                                       1958 &
                                                       1971                                                                                            2004
Total
Plant      1       4                                       7                                                  7                                          11
  s

        1916 &                                                                                           1996
        1924                                               1958                                                                                         SAMATOR (Domestically Owned Private
                                                           Both companies were nationalized by the Gov’t of                                             Company) wholly acquired AGI
                                                           Indonesia and transformed into PN Zatas and PN
                                                           Asam Arang




                                                           1971
                                                           PN Zatas and PN Asam Arang were merged and
                                                           renamed to Aneka Gas Industri/AGI (State-owned
                                                           Enterprise)

                                                  Management Presentation PT Samator Indo Gas Tbk    |   IDX Code : AGII   |   Updated Dec 2023                                               25
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       Milestones




2008
Issued 1st Bond & Sukuk to support                                                Acquired 24.9% share ownership of
business expansion plans and began                                                PT Samator Gas Industri
rapid expansion throughout Indonesia
                                       2016                                                                                   2022

 16                                     44                                        44                                           55


2008                                                                            2018
                                        Became the 1st public industrial gas company                                            ●    National network includes a total of 55 Plants and 106
                                        in Indonesia (“AGII”)                                                                        Filling Stations in 28 Provinces in Indonesia
                                                                                                                                ●    Completed Acquisition of 2 (Two) Samator Business Units
                                                                                                                                     as of March 2021
                                                                                                                                ●    Commenced Operations of 1 (One) Plant in Bangka
                                                                                                                                     Belitung on Aug 2022
                                                                                                                                ●    Change The Company Name ;
                                                                                                                                      PT Aneka Gas Industri Tbk -> PT Samator Indo Gas Tbk




                                                Management Presentation PT Samator Indo Gas Tbk    |   IDX Code : AGII   |   Updated Dec 2023                                                  26
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Products & Services

 Air Gas                                        Specialty Gas                                                        Rare Gas
Business OverviewArgon
 Oxygen, Nitrogen,                              Sulphur Hexafluoride, Sterilization,                                  Helium, Neon, Krypton, Xenon
                                                Ammonia, Refrigerant Gas



 Synthetic Gas                                  Mixed Gas                                                            Fuel Gas
 Hydrogen, Acetylene, Carbon                    CNG Mixed Gas, Environmental                                         Liquid Propane, Natural Gas, Liquid
 Dioxide, Carbon Monoxide, Nitrous              Calibration Gas, Engine Exhaust                                      Petroleum
 Oxide, Ethylene Oxide, Sulphur Oxide           Emission

                                              *Products Manufactured by AGII
 Others
 Medical Gas Installation Services,
 Industrial Gas Equipment (i.e.
 Storage Tanks, Cylinder Tanks)




                            Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                   27
Page 28
Industrial Gas Application


      Oxygen                               Nitrogen                            Argon                           Carbon Dioxide                            Hydrogen
Other Gases
- Medical Services, i.e.       - Food Industry, i.e. :        - Lighting                     - Food & Beverage, i.e.             - Steel Industry             -   Acetylene
  Respiratory Support             - IQF (Individual           - Metal Fabrication              Carbonated Drinks                 - Aviation and               -   Nitrous Oxide
- Metal Fabrication                 Quick Frozen)             - Steel Manufacturing          - Metal Fabrication                   Aerospace                  -   Helium
- Steel Manufacturing             - MAP (Modified                                             - Enhanced Oil                      - Petrochemicals,            -   Ethylene Oxide
- Live Fishery                      Atmosphere                                                 Recovery (EOR) for                  Oleochemical,              -   Sterilization Gas
                                    Packaging)                                                 Oil & Gas                           Alternative Fuels, and     -   And many more
                               - Petroleum Recovery                                          - Wastewater                          Fuel Cells
                                 & Refinery                                                     Treatment
                               - Glass Manufacturing

                                                                                             Carbon Dioxide is
Atmospheric air is separated in an Air Separation Plant to obtain Oxygen, Nitrogen and       produced from steam
Argon                                                                                                                            Hydrogen is produced
                                                                                             reforming or recovered
                                                                                                                                 from electrolysis of water
                                                                                             from purification of the
                                                                                                                                 and steam reforming from
                                                                                             waste gases produced
                                                                                                                                 natural gas, oil and coal
                                                                                             during natural gas
                                                                                             processing




                                           Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                               28
Page 29
          Nationwide Network
          Ensuring On-Time Supply Continuity

      Strategy                                                 Result                                                                        Support
     Builds plants and filling stations in the                 The largest distribution network with 55 plants                                The largest transportation fleet in the industry to
     proximity of its customers to ensure supply              (including Air Separation Plants) & 107 Filling                                ensure market coverage and on-time supply
     continuity and price advantage                           Stations in 29 Provinces across Indonesia                                      continuity


                                                                                                                                                                    15. Bali
                  1. Aceh
                                                                                                                                                                    16. Nusa Tenggara Barat
     2. Sumatera Utara
                                                                                                                                                                    17. Kalimantan Selatan
                   3. Riau                                                      29                                                                                  18. Kalimantan Timur
      4. Kepulauan Riau                                                                             20
                                                                                                                                                                    19. Kalimantan Tengah
    5. Bangka Belitung
                                                                                                                                                                    20. Sulawesi Selatan
   6. Sumatera Selatan
                                         28                                                                                                                         21. Sulawesi Utara
                 7. Jambi
                                                                                                                                                                    22. Sulawesi Tengah
             8. Lampung
                                                                                                                                                                    23. Sulawesi Tenggara
                9. Banten
                                                                                                                                                                    24. Sulawesi Barat
         10. DKI Jakarta
                                                                                                             27                                                     25. Maluku Utara
         11. Jawa Barat
                                                                                                                                                                    26. Gorontalo
    12. D.I. Yogyakarta
                                                                                                                                                                    27. Nusa Tenggara Timur
       13. Jawa Tengah
                                                                                                                                                                    28. Sumatera Barat
         14. Jawa Timur
                                                                                                                                                                    29. Kalimantan Utara (New)

*As of 31 August 2023


                                              Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                                        29
Page 30
Market Leader in Medical Gas
Total Customer Solutions

                                                                                                01                                                          02
                                                        Medical Gas &                                                             Medical Equipment
for Healthcare                                          Respiratory                                                               & Gas Installation
Establishments
- AGII not only provides medical gas, but also
  provides medical equipment as well as
  construction & installation services for
  medical gas infrastructure
- We held 75 to 80% market share in the
  medical gas sector*
- Approx. 60%-65% of our hospital clients also
  procures our installation services
- Our healthcare businesses are managed under
  umbrella contracts with major hospital groups      Oxygen (Respiratory Gas) Lung Function Mix Gases                       Medical Supply EquipmentGas Handling & Cutting
  in Indonesia, including both private and SOE       Nitrous oxide (N2O)      Blood Analyzer Calibration                    Medical Monitoring SystemEquipment
  hospitals, providing solutions to and growing      Medical Gas Nitrogen     Gas                                           Modular Operating TheatreInstallation Services
  with these
  Source:     customer
          Gasworld, 2015 groups nationwide           Medical CO2              Surgery Laser Gas                             Onsite Generation SystemCryogenic Containers
                                                                                     Cryopreservation gas                                            Transport/Storage of Cryogenic
                                                                                                                                                     Fluids




                                   Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                                                       30
Page 31
International Network
Access to Key Healthcare & Industrial Equipment Providers




                                                                                                                        02
Managed Under Samator Group

Access to Key
Multinational Players
Enables Wider Range of
Solutions for Clients
Promotes Innovation &
Product Variety




                         Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023        31
Page 32
Distribution Methods


                                                                                                          02
                                                                      Cylinder/
                    On-Site Plant                                     Packaged



                                 Pipeline                             Bulk



           Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023        32
Page 33
Group Structure


                                                                                                                                   02
                                                                                              PT Saratoga
                         Matrix          PT Aneka Mega
                                                                  PT Samator                   Investama                  Public
                        Company              Energi
                                                                                              Sedaya Tbk


                         32.26%                15.00%                35.24%                        10.00%                 7.50%




                           50.00%                        PT Samator Indo Gas Tbk


                                                                35.21%       99.91%
                                         PT Krakatau                                                     PT Samator Gas
         PT Ruci Gas     29.34%
                                          Samator                                                            Industri


                                                                                                             60.00%


                                                                                                         PT Samabayu
                                                                                                           Mandala
   *As of 30 Sep 2023




                           Management Presentation PT Samator Indo Gas Tbk   |   IDX Code : AGII   |   Updated Dec 2023                 33

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