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Page 1
MANAGEMENT PRESENTATION
PERFORMANCE UPDATE
PUBLIC EXPOSE 2023
PT Indonesia Kendaraan Terminal Tbk
Sept, 5th 2023
Page 2
                 List Of Content
             Company Overview
           Operational Overview
              Financial Overview
Strategies, Prospect & Challenges
        Another Strategic Things




                                    2
Page 3
Company Overview
 •   IPCC Overview
 •   IPCC Shares Ownership
 •   IPCC Core Values
 •   Board of Commissioner & Board of Director
Page 4
IPCC Overview
IPCC History at a glance                                                                                                         After the Pelindo merger, IPCC is
                                                                                                                                 owned 71,3% by PT Pelindo Multi
   Indonesian Government                                        Car Terminal Division was spun                                 Terminal; 0,7% by PT MTI and 28% by
     instruction to IPC to                                      off as PT Indonesia Kendaraan                                  the public, followed by the new logo.
   make dedicated vehicle                                        Terminal since Dec.1, 2012.
  terminal in Tanjung Priok.


          2006                           2007                                2012                            2018                            2022
                               Tj. Priok Car terminal started                                       On July 9, 2018, PT Indonesia
                                   operation as Strategic                                         Kendaraan Terminal Tbk. (IPCC)
                                Business Unit (SBU) of IPC.                                      became a public company listed on
                                                                                                  Indonesia Stock Exchange (IDX).
IPCC Business Lines
1. CAR TERMINAL OPERATOR                                                  2. CAR TERMINAL HANDLING AND SUPPORTING
Car terminal development and operation                                    • Stevedoring, cargodoring (including Receiving and Delivery) for Car
                                                                              and Heavy Equipment.
                                                                          • Vehicle Processing Service (VPC), Equipment Processing Service
                                                                              (EPC), Road Freight Services.
                                                                           3. CAR DISTRIBUTION MANAGEMENT
                                                                           Providing integrated end-to-end service for car distribution
                                                                          4. RORO Terminal Operator
                                                                         Providing service for RORO and ROPAX cargo in IPCC terminals
                                                                                                                                                            4
Page 5
IPCC Overview – Pelindo Company Structure
Business Model
    Strategic
    architect &                                                                          PT Pelabuhan Indonesia (Persero)
    Concession
    Owner
                                                                Regional 1          Regional 2                   Regional 3               Regional 4        Regional x
    Regional
    coordinator
                                                                Cabang                Cabang                      Cabang                    Cabang            Cabang



    Business Owner

                                                         (SPTP)                   (SPMT)             (SPSL)                       (SPJM)

                                       R1 – Prima TPK               R3 – BJTI      R2- PTP           R1 - PPK            R2 - JPPI         R3- PMS        R1 – PHCM
    Business
    Operator                             R2- IPC TPK                 R3 – PPI      R2 - IKT          R1 - PIL             R2 - JAI         R3 – BMC        R2 – EDI          R2 - RSP
                                          R2 - NPCT1                R3 – BIMA                        R1 – PMP             R2 - EPI         R3 – APBS        R2 - PII         R3 - PHC
                                           R3- TTL3                 R3 – BMS                         R2 - MTI          R2 - RUKINDO         R3 – PEL       R2 - ILCS          R3 - PCN
                                           R3 – LEGI3                R3 – TCS                        R2 – MMI             R4 – EII                         R2 - PMLI     R2 & R3 - Pertamedika

            Anak perusahaan1              R3 – TPS                  R4 – KKT                          R2 - API                                             R3 - PDS      Cluster Rumah Sakit
                                         R3 – R3 TPK                                                 R2 – CTP                                              R3 – TEDS
                  JV majority
                                                                                                     R4 - NTS
 Legend           JV minority                                                                         R4 – ISU
            Berdasarkan hasil kajian                                                                     PLI
                  lebih lanjut                           Cluster                   Cluster       Cluster Logistic &    Cluster Marine, Equipment & Port
            as-is/ re purpose/ opsi
                                                        Petikemas               Non-Petikemas     Hinterland Dev.                  Services
            lain sesuai hasil kajian

                                                                    R3 – BKMS
                                                                                                                                                           Other business portfolio
                                          R3 – Patimban Int.2                                         R1 – PTI         R3 - Ambapers       R3 – LNG
     Oversight
                                          R2 - JICT                 R3 – TNU                         R3 - JBT
     Arahan strategis & kontrol                                                                                                           Core business
                                       R2- KSO TPK Koja             R1 – PMT3                                                               portfolio
IPCC is categorized under non-container cargo service cluster, with majority shares ownership by SPMT as non-container service
subholding, along with PTP for multipurpose cargo service.                                                                                                                           5
Page 6
 IPCC Shares Ownership
IPCC Shares Ownership                                                    Amount Of IPCC Shareholders Jul’ 2023


 PELABUHAN INDONESIA (PERSERO)


               99.9%




                       M ULT I TER M INAL IN DONESIA           PUBLIC

                                       0.7%
                  71.3%                                28.0%



                                                                        IPCC telah masuk ke dalam Indeks :
                                                                        • Indeks Papan Utama (Main Board Index);
       The total amount of outstanding share at
                 1.818.384.820 shares
                                                                        • ISSI (Indeks Saham Syariah Indonesia);
                                                                        • IDXSMC-COM;
                                                                        • IDX-MES BUMN 17; dan
                                                                        • FTSE Global Equity Index Series Asia Pasific
                                                                                                                         6
Page 7
 IPCC Stock Performance – 8M23
                                                                                                                                                                   Rp865 +50,43%




                                                                                                                                 Rp785
                                                             Anticipate the release of The Fed’s
                                                              interest rate decision; Indonesia                           +36,52%
YoY in 2022 up
to 10,68%                                                       Trade Balance ; and Financial
                                                                 Report of listed companies


                                                                             Rp665
          Rp660
                                                                     +25,47%




                                                                                        Rp575                                         Anticipate the release of Q2-23
                            -19,70%
                                                                                                                                         Financial Report of listed
                                   Rp530                                                                                                  companies & dividend

     The China’s economy tend to slowing
                                                                                                                                                                               YTD in 2023
    down & the easing of covid-19-handling                                                                                                                                     up to 31,58%
                                                                                                                                                       Harga penutupan per
      restriction has gave concern to the
                                                                                                                                                       akhir Ags 2023 Rp750
                    market.




*Source : tradingview.com; https://indonesiacarterminal.co.id/stock-information   The IPCC Stock are the member of Main Board Index; ISSI; and IDX-MES BUMN17
Page 8
Board of Commisioner & Board of Director
Based on EOGM Apr 18th 2023




  Left to Right : Commisioner Abdur Rahim
  Hasan; President Commisioner Drajat Sulistyo;   Left to Right : President Director & Act. Director of Commercial & Business
  Commisioner L.M Arya Bima Yudiantara            Development : Sugeng Mulyadi; Director of Operation & Technical & Act.
                                                  Director of Finance & Human Capital : Bagus Dwipoyono



                                                                                                                       8
                                                                                                                            8
Page 9
Operational Performance
 • Details of IPCC Cargo in International Terminal
 • Details of IPCC Cargo in Domestic Terminal
 • Monthly Cyclical
Page 10
   IPCC Operation Area
   Tanjung Priok Port, Belawan Port, Surabaya                                                                                                      IPCC expansion for terminal operation target:
                                                                                                    Pontianak Branch                               • Surabaya : Initiation for partnership agreement
   (Tanjung Perak Port), and Makassar Port are the 4                                                                   Quay 1: 125 m / -4.5 mLWS      started from Jan 2022, currently in joint study
                                                                                                                                                      process
   main ports in Indonesia, and IPCC has operated in 3 of                                                              Quay 2: 75 m / -4.5 mLWS
                                                                                                                                                   • Balikpapan, Banjarmasin, Semarang: short to mid
   those main ports.                                                                                                                                  term expansion target (on going business study)
                                                                                                                                                   • Bitung, Ambon, Dumai, dst: Potential for
                                                                                                                                                      expansion target, mid to long term (to be
                                     `
                                                                  Indonesia                                                                           reviewed)
                                                   Belawan       new capital




                                                                                    `
         Belawan Car Terminal                                    city location


                                                                                                                                                        Makassar Car Terminal




                                                                                          `
                                                                              Pontianak
                                                                                                    Balikpapan*

    Operated by IPCC since 1 Jan 2022
     CBU Hub of northern Sumatra area;                                                                 Makassar
     4 story car park building (3,600m2)                              Tj. Priok - JKT
           Quay 1: 84 m / -7 mLWS                                                         Gresik                                                      Operated by IPCC since 1 May 2022
           Quay 2: 86 m / -7 mLWS                                                                                                                     CBU Hub of Sulawesi area;
                                                                                                                                                      3 story car park building (1,500m2)
                                                                  `



                                                                                                                                                      Quay 1: 204 m / -7 mLWS
                                         Tj. Priok Car Terminal
                                                                                                                                                      Yard Area 1: 6.950 m2
                                                                                                                                                      Yard Area 2: 4.050 m2

Total Area (effective): ± 18.94 Ha                                                                 PDC Jakarta                    MKO MTKI Gresik
 - International : ± 14.17 Ha                                                                                                                            IPCC joint venture with
 - Domestic      : ± 4.77 Ha
                                                                                                                                                         Maspion since 2017
Total Capacity : ± 12.161 units                                                                                                                          Quay 1: 200 m / -10 mLWS
 - International : ± 8.846 units                                                                                                                         Yard Area : 3 Ha
 - Domestic      : ± 3.315 units
                                     *full operation by IPCC 1st March 2023                                                                                                             10 10
                                                                                                                                                                                              10
Page 11
    Details of IPCC Cargo In International Terminal –
    Historical In 7M Period (YoY)
                             CBU (Unit)                                                                 TRUCK/BUS (Unit)
250,000     CBU Import                                                            4,500
                                                     49,45%                                                  Truck/Bus Import
                                                                  215,486                                                             3,902
            CBU Export                                                            4,000                      Truck/Bus Export
200,000                     181,191                                               3,500
                                                                                                3,063                              27,39%
                                                                                  3,000
150,000
                                                                                  2,500
                                                                                  2,000
100,000                                           19,93%
                                                                                  1,500
                                                      50,469
  50,000         33,770                                                           1,000                                                     -44,37%
                                                                                    500                      293
                                                                                                                                                    163
        -                                                                               -
                      7M-22                                 7M-23                                   7M-22                                   7M-23


                            HE (Unit)                                                       GENERAL CARGO (M3)
                                                HE Import      HE Export                            GC Import       GC Export   30,587.91
5,000         4,689                                                         30,500.00
4,500
4,000                                                                       25,500.00                                           34,94%
                                                                                            22,667.65
3,500                                 -48,86%                                                           20,741.86
3,000                                                                       20,500.00
                                                2,398
2,500                                                              -7,33%
2,000                                                                       15,500.00                                                    -49,20%
                         1,459                              1,352
1,500                                                                                                                                         10,596.28
1,000                                                                       10,500.00

 500
    -                                                                        5,500.00
                  7M-22                              7M-23                                        7M-22                                  7M-23     11
                                        Source: IR Research Database
Page 12
          Details of IPCC Cargo In Domestic Terminal –
          Historical In 7M Period (YoY)
                                  CBU (Unit)                                                                                                   TRUCK/BUS (Unit)                                                                                                            HE (Unit)
               Tj. Priok                      Panjang. Lampung                                                                                                                                                                               Tj. Priok                     Panjang. Lampung      Dwikora, Pontianak
250,000        Dwikora, Pontianak             Roro, Belawan                                           55,000                 Tj. Priok                  Panjang. Lampung      Dwikora, Pontianak                              7,000          Roro, Belawan                 Roro, Makasar         TOTAL
               Roro, Makasar                  TOTAL                                                                                                                                                                                                                                                                 6,266
                                                                                                                             Roro, Belawan              Roro, Makasar         TOTAL
                                                                            22,49%                                                                                                                                            6,000
                                                                                                      45,000                                             46,744                            -3,83%                                                                                6,177
200,000
                                                                                 198,079                                                                                                                                                                                                                               1,44%
                                    161,714                                                                                                                                                       44,954                      5,000        4,455
                                                                                                      35,000
150,000                                       5,48%
                                                                                                                                                                    7,00%                                                     4,000                                              -23,55% 3,406
                                                                                                      25,000
                                                                                                                        18,220                                       19,496
           86,244                               90,972                      149,07%                                                                                                             147,34%                       3,000                                                                                  201,51%
100,000                                                                                                                               15,356                                     13,875                                                                                                                -3,00%
                                                                                                      15,000                                                                                  11,583                                                                                                             1,841
                                                                                 52,222                                        8,485                                                                                          2,000
                                                                 39,075                                                                                                                                                                                       1,359                           -0,25%         1,313
 50,000                       37,780              -5,05%                                                                                            4,683
                                                                                                       5,000                                                                  -9,64%                                                                    816           802                              814
                         16,650 20,967                         15,810                                                                          -                               -          -                                   1,000
                    73                                     -                                                                                                                                                                                        -                                             -
      -                                                                                               (5,000)                              7M-22                                   7M-23                                          -
                          7M-22                                  7M-23                                                                                                                                                                                  7M-22                                          7M-23


                                                                                 GENERAL CARGO (M3)                                                                                                                           MOTOR (Unit)
                                               40,000                                                                                                                             300,000         Tj. Priok                                                                       283,133
                                                               Tj. Priok                   Panjang. Lampung                                        36,285
                                               35,000          Dwikora, Pontianak          Roro, Belawan                                                                                          Panjang. Lampung                                                     99,40%
                                                               Roro, Makasar               TOTAL                                                                                  250,000
                                               30,000                                                                                                                                             Dwikora, Pontianak
                                                                                                                             27,394            291,25%
                                                                                                                                                                                  200,000         Roro, Belawan
                                               25,000                                                                                                                                                                                                         97,97%
                                                                                                                                                                                                  Roro, Makasar                  141,994
                                               20,000                                                                                                                             150,000                                                          65,31%
                                                                                                                                                                                                  TOTAL                                                          119,973
                                               15,000                                                 -4,13%                                                                                                                                       93,568                    181,89%
                                                                                                                                                                                  100,000
                                                               9,274                                            8,891                                                                                                                                                         69,204
                                               10,000                                                                                                                                            56,601        60,601

                                                                                              9,274                                                                                50,000                                     24,550
                                                5,000
                                                                        -    -      -                                    -             -                                                                  17            225                                 23         365
                                                      -                                                                                                                                   -
                                                                            7M-22                                                7M-23                                                                           7M-22                                             7M-23                                        12
                                                                                                      Source: IR Research Database
Page 13
         Monthly Cyclical of IPCC Cargo International –
         Historical
45,000                                                                                                                     40,000
                                                         Export CBU                                                                                                       Import CBU
40,000                                                                                                                     35,000                                                                                     Import 2018
                                                                                                                                                                                                                      Import 2019
35,000                                                                                                                                                                                                                Import 2020
                                                                                                                           30,000
                                                                                                                                                                                                                      Import 2021
30,000
                                                                                                                                                                                                                      Import 2022
                                                                                                                           25,000
                                                                                                                                                                                                                      Import 2023
25,000
                                                                                                                           20,000
20,000
                                                                                                                           15,000
                                                                                                       Export 2018
15,000
                                                                                                       Export 2019
                                                                                                       Export 2020         10,000
10,000
                                                                                                       Export 2021
                                                                                                       Export 2022          5,000
 5,000
                                                                                                       Export 2023
    0                                                                                                                          0
          JAN   FEB            MAR   APR           MAY    JUN         JUL    AUG     SEP     OCT      NOV            DEC            JAN   FEB   MAR   APR           MAY     JUN         JUL   AUG   SEP   OCT   NOV           DEC


  400                                                                                                                       1,400
                                                         Export HE                                                                                                        Import HE
                      Export 2018    Export 2019
  350                 Export 2020    Export 2021                                                                            1,200
                      Export 2022    Export 2023                                                                                                            Import 2018   Import 2019
  300
                                                                                                                            1,000                           Import 2020   Import 2021

                                                                                                                                                            Import 2022   Import 2023
  250
                                                                                                                             800

  200

                                                                                                                             600
  150

                                                                                                                             400
  100


                                                                                                                             200
   50


     0                                                                                                                         0
          JAN   FEB            MAR   APR           MAY     JUN        JUL    AUG     SEP     OCT      NOV            DEC            JAN   FEB   MAR   APR           MAY     JUN         JUL   AUG   SEP   OCT   13
                                                                                                                                                                                                                NOV           DEC


                                                                       Source: IR Research Database                                                                                                                         13
Page 14
        Monthly Cyclical of IPCC Cargo International –
        Historical
 900                                                                                                                                                 1,200
                                                                                                                                                                                                           Import Truck / Bus
 800                                                           Export Truck / Bus
                                                                                                                                                                                       Import 2018           Import 2019
                                                                                                                                                     1,000
 700                                                                                                                                                                                   Import 2020           Import 2021
                                                                                                     Export 2018         Export 2019
                                                                                                                                                                                       Import 2022           Import 2023
                                                                                                     Export 2020         Export 2021                  800
 600
                                                                                                     Export 2022         Export 2023
 500
                                                                                                                                                      600
 400


 300                                                                                                                                                  400


 200
                                                                                                                                                      200
 100


   0                                                                                                                                                    0
        JAN        FEB      MAR        APR         MAY          JUN          JUL         AUG         SEP           OCT        NOV       DEC                  JAN   FEB      MAR        APR           MAY         JUN       JUL   AUG   SEP   OCT   NOV    DEC




8,000                                                                                                                                               10,000
                                                                      Export GC                                                                                                                                Import GC
              Export 2018     Export 2019                                                                                                            9,000               Import 2018         Import 2019
7,000
              Export 2020     Export 2021                                                                                                                                Import 2020         Import 2021
                                                                                                                                                     8,000
              Export 2022     Export 2023                                                                                                                                Import 2022         Import 2023
6,000
                                                                                                                                                     7,000

5,000
                                                                                                                                                     6,000


4,000                                                                                                                                                5,000


                                                                                                                                                     4,000
3,000

                                                                                                                                                     3,000
2,000
                                                                                                                                                     2,000

1,000
                                                                                                                                                     1,000


   0                                                                                                                                                    0
        JAN          FEB     MAR             APR         MAY           JUN         JUL         AUG           SEP           OCT         NOV    DEC            JAN   FEB      MAR        APR           MAY         JUN       JUL   AUG   SEP   OCT   14
                                                                                                                                                                                                                                                   NOV    DEC


                                                                                     Source: IR Research Database                                                                                                                                        14
Page 15
Operation Activities in IPCC
    Asakai / Briefing   LQ Gate             Marking                     Quality Check




          Port stock     Port stock   24 Hour Delivery Services           Penumpukan
                                                                  Dedicated Load
                                                                  Lane for Delivery




                                                                                        15
Page 16
Equipment Facilities in IPCC




                               16
Page 17
Financial Performance
 • Finance Performance
 • Financial Highlight
 • Dividend Policy
Page 18
 Finance Performance Overview – 6M Period




Income for the year 6M23 : Rp78,92 Billion vs Rp45,42 Billion (3M-22) (YoY)                                4. The Depreciation Cost has increased due to the implementation of PSAK 73 of the leased
                                                                                                              asset (rental of land, tools and vehicles) which were amortized by the straight-line method
Revenue 6M23 : Rp366,96 Billion vs Rp302,34 Billion (3M-22) (YoY)                                             since January 1st , 2020. Due to additional of assets (the impact of development in outside
                                                                                                              Terminal) during FY22, so the depreciation calculation continue in the 2023 1st semester.
Reasons/Factors:
                                                                                                           5. There was a Provision for impairment as the impact of PSAK 71. This account related to Trade
1. The increase of industry and economic activities in the public and also followed by the increase
                                                                                                               Receivables where Management believes that the allowance for impairment of trade
   demand for CBU during 2023 period has given good impact to the car loading and unloading services
                                                                                                               receivables are adequate to cover for possible losses from uncollectible accounts.
   in IPCC Terminal;
                                                                                                           6. There was an increased of Financial Expenses due to the interest of the leased asset caused
2. In total, during 1st semester (6M) period, the loading and unloading handling of car cargo as overall
                                                                                                              due to the implementation of PSAK 73 which affected to the depreciation and interest of the
   has increased due to the ease of pandemic condition, ease any kind of restriction, and also the
                                                                                                              leased asset.
   accommodative of Government policies.
                                                                                                           7. The Management do improvement efforts in Trade Receivables collectability by implementing
3. The improved performance during this period, beside the increase of revenue, also caused by the cost-
                                                                                                               the allowance for impairment of trade receivables where is adequate to cover possible losses
   manageable where growth of cost (especially cost of revenue) still in the management budget
                                                                                                               from uncollectible accounts. Since 2020, it has been applied to the provision of the amount
   controlled. The growth of General & administrative expenses even thought higher than previous but
                                                                                                               of sum assured (uper) before the ship docked; Then, re-scheduling on the receivables existing
   still manageable. It was shows that the Management able to manage the cost very well.
                                                                                                               so the partners can pay in accordance with the agreed schedule; and running the scheme of
                                                                                                               SCF.                                                                             18
                                                                     Source: IR Research Database                                                                                                     18
Page 19
     Financial Highlight                                                                                                                            In Thousand Rupiah

                                                                                                                                            in Thousand Rupiah
Income Statement                         2018                2019            2020               2021                2022           3M-22              3M-23                    6M-22          6M-23
Operating Revenue                 521,835,612         523,218,738     356,532,157        516,836,950         726,573,259     150,046,126        191,151,747              302,336,582    366,960,224
Gross Profit                      249,998,152         217,643,653      75,710,582        198,247,317         346,846,685      78,262,512         98,901,492              129,332,884    172,762,316
Operating Income                  180,375,667         129,094,518     (17,721,535)       113,127,854         245,056,553      53,053,005         66,532,066               81,023,479    108,219,837
EBITDA                            234,636,806         196,518,821      41,867,417        164,833,946         300,744,504      82,432,232        105,651,181              141,418,698    191,287,691
Income For The Year               170,180,811         135,301,570     (23,773,444)        60,056,173         161,724,767      35,264,224         42,333,996               45,415,809     78,917,489
EPS                                     93.59               74.41          (13.07)             33.03               88.94           19.39              23.28                    24.98          43.40

Balance Sheet                             2018                2019            2020              2021                 2022           3M-22             3M-23                 6M-22              6M-23
Cash & Cash Equivalent             556,526,562         491,547,357     519,655,836       768,869,513        1,019,760,808     832,522,268     1,054,504,383           834,622,579        605,859,813
Current Asset                      717,026,395         630,179,197     599,961,286       826,945,321        1,095,977,072     897,608,967     1,148,116,269           903,909,092        729,974,192
Non-Current Asset                  538,218,732         634,689,649   1,225,091,421     1,135,932,375        1,095,851,302   1,121,437,986     1,070,266,627         1,102,079,899      1,042,163,086
Total Asset                      1,255,245,127       1,264,868,846   1,825,052,707     1,962,877,696        2,191,828,374   2,019,046,953     2,218,382,896         2,005,988,989      1,772,137,278
Current Liabilities                151,765,550         191,597,085     134,865,783       171,288,589          634,871,410     184,233,472       603,847,455           140,463,816        136,891,589
Non-Current Liabilities      -                   -                     685,250,452       726,596,462          394,986,777     734,556,612       410,231,258           755,116,721        394,361,735
Total Liabilities                  151,765,550         191,597,085     820,116,235       897,885,051        1,029,858,187     918,790,084     1,014,078,713           895,580,536        531,253,324
Equity                           1,103,479,577       1,073,271,761   1,004,936,472     1,064,992,645        1,161,970,187   1,100,256,869     1,204,304,183         1,110,408,454      1,240,883,954

Financial Ratio                           2018                2019             2020                 2021            2022           3M-22             3M-23                    6M-22           6M-23
Profitabilitas (%) :
Gross Profit Margin                     47.91               41.60            21.24              38.36              47.74           52.16             51.74                    42.78           47.08
Operating Profit Margin                 34.57               24.67            (4.97)             21.89              33.73           35.36             34.81                    26.80           29.49
EBITDA Margin                           44.96               37.56            11.74              31.89              41.39           54.94             55.27                    46.78           52.13
Net Profit Margin                       32.61               25.86            (6.67)             11.62              22.26           23.50             22.15                    15.02           21.51
Return on Equity (ROE)                  15.42               12.61            (2.37)              5.64              13.92            3.21              3.52                     4.09            6.36
Return on Asset (ROA)                   13.56               10.70            (1.30)              3.06               7.38            1.75              1.91                     2.26            4.45
Likuiditas (X) :
Cash Ratio                                3.67                2.57             3.85                  4.49            1.61            4.52              1.75                     5.94            4.43
Quick Ratio                               4.72                3.29             4.45                  4.83            1.73            4.87              1.90                     6.44            5.33
Current Ratio                             4.72                3.29             4.45                  4.83            1.73            4.87              1.90                     6.44            5.33
Solvabilitas (%) :
Debt to Aset Ratio (DAR)                 12.09               15.15            44.94                 45.74           46.99           45.51             45.71                    44.65           29.98
Debt to Equity Ratio (DER)               13.75               17.85            81.61                 84.31           88.63           83.51             84.20                    80.65           42.81
                                                                     Source: IR Research Database                                                                                             19
Page 20
 Investment / Capex
No                                    Activities                        Investment      Timeline
 1 Hardening & Improvement in Ex-PP area around 2 Ha                      4,70 Billion On Progress
 2 Heavy Improvement in yard E & A                                       6,04 Billion On Progress
 3 Overspray Retaining Netting Work                                      2,90 Billion On Progress
 4 Renovation Work of Domestic Terminal Gate                             6,50 Billion On Progress
 5 Heavy Improvement in yard H                                           2,93 Billion On Progress
 6 Heavy Improvement in yard G2 & G3                                     1,55 Billion On Progress
 7 Procurement of Access Point & CCTV in the yard C                        50 Million On Progress
 8 Construction of Car Storage Building around 3,2 Ha                    5,00 Million On Progress
                                                                TOTAL   35,54 Billion

• In 2023, IPCC have a capex budget at IDR 35,54 billion. From those amount, mostly running for
  the activities that support services operation in IPCC’s Terminal and improvement in
  infrastructure and superstructure, such as mentioned in the table above.
                                                                                            20
                                                                                                 20
Page 21
Dividend Policy
                                                        Date of Cash                                        Amount of
 Year of    Income for The                                                                                                         Amount of
                                                           and/or           Dividend Payout Ratio          Dividends per
Financial        Year          Dividend Policy                                                                                    Dividend per
                                                         Distribution                (%)                     Year Paid
 Report     (IDR Thousand)                                                                                                        Share (IDR)
                                                            Date                                          (IDR Thousand)
                                                                                       70%                    90.499.432,39
                                                                                                           (Final Dividend, the
                              AGM, June 27th 2023       August, 1st 2023     (Based on Profit for the       rest from dividend       49,77
                                                                            Year as of December, 31st     that already paid for
  2022        161.724.767                                                             2022)                  interim dividend)
                              BoD Circular Meeting                                     50%
                             Decision, December 14th   January, 13th 2023    (Based on Profit for the       22.707.904,36            12,49
                                       2022                                 Year as of June, 30th 2022)
                                                                                       70%

  2021        60.056.173      AGM, June 30th 2022      August, 31st 2022     (Based on Profit for the         42.039.321             23,12
                                                                            Year as of December, 31st
                                                                                      2021)
  2020        (23.773.444)    AGM, June 14th 2021              -                         -                          -                  -

                              BoD Circular Meeting                                     70%
                             Decision, December 19th   January, 10th 2020    (Based on Profit for the          63.397,35             34,86
                                       2019                                 Year as of June, 30th 2019)
  2019        135,301,570                                                              28%
                                                        September, 7th       (Based on Profit for the
                              AGM, August 4th 2020                                                             38.076,98             20,94
                                                            2020            Year as of December, 31th
                                                                                      2019)
                                                                                                                                           21
  2018        170,180,811     AGM, June 19th 2019       July, 17th 2019                60%                    102.108,49             56,15
                                                                                                                                                21
Page 22
Strategies, Prospect, & Challanges
 • IPCC’s Main Programs
 • IPCC Operation Area
 • Prospect in 2023 – 2024
Page 23
IPCC’s Main Programs
Expansion: IPCC as the only subsidiary of Pelindo specialized in handling Car and RORO terminals
IPCC started its expertise as car terminal, however in order to unlock the capacity in each terminals operated by IPCC and to enhance the
connectivity in Indonesia, IPCC extended its expertise and service in operating RORO (and ROPAX) terminals in Indonesia, mainly in Belawan,
Pontianak, and Makassar Port.

              The Concept Plan of IPCC Expansion in Indonesia Automotive and RORO cargo Distribution

            Belawan - Medan




                                                         Balikpapan
                                                         On Going Process

                                                                                                         Description:
                                               Banjarmasin
                                   Pontianak
                                                                                                                        Main Route
                                                                                                                        Distribution Route
                                                                            Makassar                                    Main Potential Route (in the future,
                                                                                                                        further study is needed)
                                           Gresik
                                                    Surabaya                                                            Distribution Potential Route (in the
                         Tj. Priok - JKT            Next Plan                                                           future, further study is needed)
                                                                                                                        Potential future IPCC Terminal (further
                                                                                                                        study in process)

 Route Development Plan:
 • Mid-Term and Long-Term Plan: Optimizing the shipping route from each main nodes (Tj. Priok, Belawan, Surabaya, and Makassar)
 • Collaboration between land & sea route distribution mode
 • Considerations: Cost-efficiency, time, and cargo volume
                                                                                                                                                        23
Page 24
Growth Opportunities

Car Distribution                                                                       •   Vertical Expansion (Car Distribution Management)
 Management                                                                                  • Ekspansi pada bisnis lain di dalam ekosistem
                                                                                                 terminal kendaraan (car carrier, shipping, dan
                                                                                                 PDC)
                       Land                                                                  • Kolaborasi dengan pelaku bisnis di dalam
                   Transportation
                                                                                                 ekosistem terminal kendaraan untuk layanan bisnis
                                                                                                 baru

                    Warehouse /                                  Balikpapan     Surabaya     Banjarmasin      Others
                       PDC




                     Port / Car     • Tj. Priok • Belawan                                                                Car Terminal
                     Terminal       • Pontianak • Makassar                                                                 Network
                                    • Gresik


                                                       •     Horizontal Expansion (Car Terminal Network)
                     Shipping                                 • Ekspansi bisnis inti (operator terminal RoRo) di terminal kendaraan lain di bawah
                                                                  Pelindo group
                                                              • Kolaborasi/sinergi dengan cabang/regional Pelindo atau sub-holding/sister
                                                                  company untuk memperluas jangkauan wilayah layanan terminal kendaraan,
                                                                  seperti di Balikpapan, Surabaya, Banjarmasin, dan Pelabuhan lain yang potensial
Page 25
 … Strategies, Prospect, and Challenges
Company Main Program
Company Main Programs
To capture all business opportunities outside the terminal business, both on the sea and land transportation, by
focusing on these aspects:

    • Port operations and customer       • Horizontal: other potential       • Integrated “Beyond The Gate”
      relationship management              car/roro terminals                  end-to-end services
    • Automotive distribution            • Vertical: other businesses        • Data integration for continuity
      management and ecosystem             inside automotive ecosystem         of Flow of Goods-Data-Money
    • IPCC Big Data for future           • Global: Collaborate with global   • Business Process (order to
      business                             players                             cash, procure to pay, etc)




    Digitalization                       Expansion                           Integration




                                                                                                                 25
                                                                                                                      25
Page 26
Anothers Strategic Things
 • GRC Strengthening
 • Awards & Certifications
 • Why Invest to IPCC?
Page 27
IPCC - GRC Strengthening




                           .: IPCC’s GRC Center of Excellent Structure




                                                                         27
Page 28
IPCC - ESG Implementation




                            28
Page 29
IPCC Awards & Certifications




         IPCC has received the award
         from ASEAN Risk Awards 2023,
         specialized in Governance, Risk
         & Compliance (GRC)


                                           29
Page 30
Why Invest to IPCC?
  BENEFITS OF INVESTING IN IPCC STOCKS




 1. Business & financial growth;                          6. Supported by the increasing demand of vehicles
                                                             for logistics distribution and other industries;
 2. Constant annual Dividends;
                                                          7. Increasing growth of vehicles exports and
 3. Outstanding operational and financial performance;
                                                             imports;
 4. Extensive business opportunities from the spirit of
                                                          8. Experienced Management Team in their respective
    Beyond The Gate;
                                                             field; and
 5. A World Class Dedicated Car Terminal Operator with
                                                          9. Respectable corporate image & global branding.
    international service standards;
                                                                                                          30
Page 31
Thank You
                                          For More Information, Please Contact:
                                           Investor Relations
                                           Reza Priyambada : +62 812 901 0044
investor.relationipcc1@gmail.com / reza.priyambada@indonesiacarterminal.co.id
Page 32
 IPCC Shares Ownership
IPCC Shares Ownership


 PELABUHAN INDONESIA (PERSERO)


               99.9%
                                    KOPERASI PEGAWAI
                                        MARITIM

                                        1.0%




                 MULTI TERMINAL INDONESIA              PUBLIC

                                 0.7%
                  71.3%                        28.0%
                                                                IPCC Throughput (2016-2022)
                                                                   800,000
                                                                   700,000
                                                                   600,000
                                                                   500,000
                                                                   400,000
       The total amount of outstanding share at                    300,000
                 1.818.384.820 shares                              200,000
                                                                   100,000
                                                                         0
                                                                             2016     2017    2018    2019     2020    2021    2022
Our Core                                                          CBU         295,884 345,863 421,277 572,017 397,061 522,227 746,064
 Values                                                           HE & trucks 16,991 30,015 130,491 204,992 66,770 51,780 100,401
                                                                                                                                        32
                                                                  Motors      23,927 16,147 23,391 34,458 24,102 78,879 306,760
Page 33
     IPCC Shares Ownership
       Amount Of IPCC Shareholders Jul’ 2023




                                                           Number Of IPCC Shares Jul’ 2023




                                                                                       33
*Based on monthly updated   Source: IR Research Database                                     33
Page 34
… Strategies, Prospect, and Challenges
IPCC Strategies and Prospect Towards The Future
Expansion: IPCC as the only subsidiary of Pelindo specialized in handling RORO terminals
                           IPCC is operating RORO      Namely Tanjung Priok, Belawan, dan Makassar, as Main Distribution Nodes,
                    01     Terminals in 3 of 4 main    after that the car cargo will be distributed to several destinations from that
                           ports in Indonesia          main ports.

                                                       • It could be done from sea and land routes
                                                       • Routes and transportation mode selection based on the most efficient
                           Distribution from Main
                    02                                   distribution cost
                           Nodes
                                                       • Single billing for every services in Terminal that operated by IPCC
 Main Concepts                                         • Bundling tariff for one stop service by IPCC
 of Distribution
     Nodes                 Standardized Services in
                                                       • Improvement and standardization in operation, system, and billing
                                                         platform in all IPCC operation area to guarantee the service quality
                    03     every RORO / Car Terminal
                                                       • Skillful and certified operators for excellent quality and efficient terminal
                           Operated by IPCC
                                                         operation process

                                                       Business diversification and tailor-made services to meet customer needs
                           IPCC Services Improvement   and satisfaction
                    04
                           to the Customer:
Page 35
 … Strategies, Prospect, and Challenges
Prospect in 2023 - 2024

• With the new logo and new tagline “Beyond The Gate”, IPCC keep looking for every business opportunity
  that can grabbed revenue creativity & revenue enhancement, such as Car(go) Distribution Management,
  CCS, and others.
• To expand the loading-unloading operational services of vehicles in IPCC’s Terminal, the Management will
  explore and develop more cooperation with car makers, for example:
    • Managing the implementation RFID (Radio Frequency Identification) with pilot project with Toyota
      Indonesia;
    • The services with Hyundai manufacturer, as Hyundai has significantly invest in Indonesia with the build
      up of their new plant in Cikarang, Delta Mas. Hyundai also said their intention to move their operation
      base for Asia Pacific to Indonesia.
• The Government’s support for manufacturer in the development of the electric vehicle create more
  potential on the increase of the vehicle trade. IPCC will be prepared to support the EV vehicle handling
  with the provision of supporting facilities like charging stations in the terminal area.             35
                                                                                                            35
Page 36
 … Strategies, Prospect, and Challenges
Prospect in 2023 - 2024
• The bounce-back of infrastructure activities that support the construction industry and the recovery
  of commodity industry will lift up the demand of heavy equipment and all its components.
• Accelerate the Car Terminal Digital Transformation to enable the delivery of optimal and effective
  operation such as digitalization office, RFID, and others;
• IPCC operation area expansion after the Pelindo integration. Developing the services network to main
  ports with potential RORO terminal:
    • Belawan Terminal & Makasar Terminal are already operated by IPCC since 2022. IPCC aims to
      operate in more area in Indonesia such as in Balikpapan, Surabaya, and other area in Indonesia;
    • Transforming RORO and car terminal in several ports In Indonesia to lift up the cargo distribution
      which also inline with Pelindo short term target;
• Beside Hyundai, IPCC opens cooperation with another car maker like Suzuki, Isuzu, and others;
• Implementation of Integrated Management System related to HSE based on ISO 9001:2015; OHSAS
  18001:2007 and ISO 14001:2015
• Others...
                                                                                                  36
                                                                                                       36
Page 37
IPCC’s Business Model Canvas




                               37

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