20230803_IKAI_Laporan Informasi dan Fakta Material_31357851_lamp2.pdf

Increased in the Hotel Segment

Yohas explained that increased of the hotel business growth was due to several factors,
included the long holiday of Idul Fitri 1444H last april. Furthermore, after the Covid-19
pandemic, Yohas assesses that people are more enthusiastic about take advantage of their
vacation time.

Another factor indicated in each hotel business subsidiary is new idea of install additional
facilities from the room to get other income alongside hotel room occupancy. Such as, a
lobby development lounge can generate significant additional revenue from food and
beverages.

"Along with increasing internal improvements, in terms of CHSE infrastructure (Cleanliness,
Health, Safety, and Environment Sustainability) as a form of adjustment in needs hotel
services that have been implemented since the pandemic and that we continue to maintain,"
he said.

However, the long break had an impact on manufacturing business conditions. People held
back on spending for necessities like as building houses and shopping for food in order to
prepare for Eid.

Furthermore, distribution of delivery raw materials are impacts by long holiday period of
Lebaran, the distribution of basic supplies has hampered on that period. Rising gas costs,
which cause the corporation's expenses to rise, are also putting pressure on the company.
On the other hand, global and national geopolitics and macroeconomics remain unclear,
which has an impact on the manufacturing side of the firm.

"People's consumption during the long Eid holiday is rarely do house building activities,
rather it prioritizes vacations to relatives or tourist destinations, so the hotel business sector
has experienced an increase in the second quarter," Yohas added.


                        For more information, please contact:
                        Corporate Secretary
                        Tel: (62-21) 8370 0435
                        Email: corpsecretary_legal@intikeramik.com
                        Website: www.intikeramik.com

This press release has been prepared by PT Intikeramik Alamasri Industri Tbk. ("IKAI") and is circulated for Public Expose purposes only.
All opinions and estimates contained in this press release are our judgment as of today's date and are subject to change without prior
notice.

Forward-Looking Statements

Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will",
"expect" and "anticipate" and similar words. By their nature, forward-looking statements are subject to a number of risks and
uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that may lead to
different actual results include, but are not limited to, economic, social and political conditions in Indonesia; the state of the gas industry
in Indonesia; prevailing market conditions; increased regulatory burden in Indonesia, including environmental regulations and
compliance costs; fluctuations in foreign currency exchange rates; trends in interest rates, cost of capital and availability of capital;
anticipated demand and selling prices for our developments and related capital expenditures and investments; construction costs;
availability of real estate properties; competition from other companies and places; shifts in customer demand; changes in operating
costs, including employee wages, benefits and training, changes in government and public policies; our ability to be and remain
competitive; our financial condition, business strategy and plans and remediation. If one or more of these uncertainties or risks, among
other things, materialize, actual results may vary materially from those estimated, anticipated or projected. In particular, but without
limitation, capital costs may increase, projects may be delayed and anticipated improvements in production, capacity or performance
may not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements
are reasonable based on the information currently available to us, no assurance can be given that such expectations will prove to be
correct. You should not rely too much on such statements. However, these statements speak only as of the date of this agreement, and
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