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6 March 2026
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         CORPORATE
    01   OVERVIEW



    02   ACTIVITIES &
         INITIATIVES


    03   FINANCIAL
         HIGHLIGHTS


         SUSTAINABILITY
    04   ACTIVITIES



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         CORPORATE
    01   OVERVIEW



    02   ACTIVITIES &
         INITIATIVES


    03   FINANCIAL
         HIGHLIGHTS


         SUSTAINABILITY
    04   ACTIVITIES



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          CORPORATE OVERVIEW:

          BOARD MEMBERS
                  BOARD OF COMMISSIONERS                                   BOARD OF DIRECTORS



      Alissa Qotrunnada          Sugito Walujo      Dominic Kai Ming Lai         Lilis Mulyawati
      Munawaroh Wahid            Commissioner         Commissioner              President Director
    President Commissioner
       and Independent
         Commissioner




          Edith Shih         Scott John Blakemore   Irwan Bunyamin Afiff       Erwantho Siregar
        Commissioner            Commissioner            Independent                Director
                                                       Commissioner



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            CORPORATE OVERVIEW:
            COMPANY’S SUCCESSFUL JOURNEY
                                                                    • Raised funds of over Rp 65
                                                                      billion through a rights
                                                                      issue exercise which was
                                                                      completed in January 2018.
                                                                                                                                       Launched
                                                                    • Launched its own
                                                                                                                                       the Watsons
                                                                      platform (web & app) and
Establishment of                                                                                                                       Asia One
                                         Expansion to 46              official stores on Shopee
 the Company.                                                                                                                          Pass program.
                                             stores.                  & Halodoc.




     2005                                    2015                                         2017                                       2019
                                                                                                                                                       NEXT
                         2006                                         2016                                    2018



                   The Company opened
                   its first 4 stores.                     Listed its shares on the IDX            • Operated 105 stores,
                                                           on 28 June 2016.                          including new stores in South
                                                                                                     Sulawesi and East
                                                                                                     Kalimantan.
                                                                                                   • Launched an official store on
                                                                                                     Blibli.com.
                                                                                                   • Generated a net revenue of        +
                                                                                                     approximately Rp 547 billion.


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             CORPORATE OVERVIEW:
             COMPANY’S SUCCESSFUL JOURNEY
                                                        • Presented Watson’s
                                                          #BeautyMyWay campaign.                                     2025
                                                        • Expansion of its Home Delivery
                • Opened 13 new stores,                   Express (HDE) service
                  including 11 community                  in Medan, Makassar and
                  pharmacy stores.                        Samarinda.
                • Launched Watsons ID                   • Launched the new G9 concept
                  App 3.0.                                store at Pondok Indah Mall 2
                                                          Jakarta.


                               2021                                      2023

             2020                                   2022                                         2024



• Launched its first                       • Opened 10 stores,                   • 18th anniversary with a
                                             including 8 community                 series of celebrations      • Opened the 200th store
  Watsons                                                                                                        at Sun Plaza Medan.
  community                                  pharmacy stores.                      together with its
  pharmacy store.                          • Introduced Click &                    customers.                  • Celebrated a special
• Introduced                                 Collect Express (CCE)               • Operated more than 175        milestone by reaching
  the Watsons Send                           and Home Delivery                     stores across Indonesia.      three million Watsons
  service to take                            Express (HDE) and re-               • Celebrated a special          Club Members.
  orders via                                 launched Watsons                      milestone of reaching two
  WhatsApp.                                  Club.                                 million Watsons Club
                                                                                   Members.



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    CORPORATE OVERVIEW:
    COMPANY AT A GLANCE

                                             >42% growth in online visits in
     Established in 2005 and was
                                             December 2025 compared to
     listed on the IDX in 2016.
                                             2024.




     Launched Watsons own                •    >3 million Watsons Club
     platform (www.watsons.co.id)             Members.
     and Watsons Official eStores
     on various marketplaces.            •    >53% growth in Watsons
                                              Club Members in December
                                              2025 compared to 2024.

     •   226 stores in 23 provinces in       1,738 employees by 2025,
         Indonesia.                          increased from >1,445
     •   Opened 50 new stores and            employees in 2024.
         relocated 6 stores in 2025.


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         CORPORATE OVERVIEW:
         CORPORATE FOCUS

     Agile Management Team                   Strong Supplier Engagement
                                1       6
      Supported by AS Watson                 Support our O+O business
                                             seamlessly



       Customer Focus                               Customer Reach
   Hyperawareness with    2                    5    Easy to reach and faster
customer trends & needs                             service commitment




          Innovative Stores &               Product Differentiation
       Channels Development     3   4       Provide comprehensive
     Upgrade Store format and               products selection to always
         expand O+O network                 keep up with the trends

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           CORPORATE OVERVIEW:
           AWARDS 2025
1                                     2                                            3




    Health and Beauty Retail of the         Indonesia Inspiring Women           Category Beauty and Personal Care Store
        Year - Harmoni Award               Awards 2025 - The Iconomics            - Indonesia WOW Brand Award 2025




4                                     5                                            6




     Best Women Empowerment           FMCG Rising Star Award at ShopTokopedia   Green Achievement - From Roots to Market
           Company 2025                   & Tokopedia Summit 2024-2025           The Birth of Indonesia Bioplastic Industry


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         CORPORATE
    01   OVERVIEW



    02   ACTIVITIES &
         INITIATIVES


    03   FINANCIAL
         HIGHLIGHTS


         SUSTAINABILITY
    04   ACTIVITIES



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            ACTIVITIES & INITIATIVES:
            ACTIVITIES 2025
O+O Store Acceleration: The Company continued to expand its store network to enhance the O+O shopping experience and reach
more customers. The number of stores increased from 179 stores in 2024 to 226 stores in 2025.

                                                                                           New
                                                                                        Milestone:

       Mall Taman Anggrek         Suzuya Mall Aceh         Basko City Mall Padang
      opened on 27 Feb 2025     opened on 5 March 2025     opened on 29 May 2025




       Lippo Mall Nusatara         Mall Indramayu            Pacific Mall Tegal
      opened on 20 June 2025    opened on 24 July 2025     opened on 24 July 2025
                                                                                      Opened the 200th outlet at
       The Company opened 50 stores in various provinces of Indonesia by 2025.
       Expanded its reach beyond Java and strengthened its position in strategic
                                                                                         Sun Plaza Medan on
                        shopping centers in Jakarta and Java.                              30 August 2025


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           ACTIVITIES & INITIATIVES:
           ACTIVITIES 2025
O+O: Marketplace & Own-Platform Growth: Strengthened the O+O shopping ecosystem and experience. With an increasingly
integrated O+O network, the Company ensured that every customer could enjoy a seamless shopping experience anywhere.

                          MARKETPLACE                                                      OWN-PLATFORM
                                                                         Exclusive experiences and offers for Watsons Club Members on the
                                                                                                     platform:
                  Available on
     Ease of
                  various                                                               Watsons.co.id              Watsons ID
     Access,
                  marketplace
     Unlimited
                  platforms in
     Engagement                                                                                              Mega Deals & Exclusive
                  Indonesia
                                                                                                             Offer     specifically for
                                                                                                             members who shop on the
                                                                                                             Watsons ID website or
                                                                                                             application.
                             The Company developed live
                             streaming and affiliate initiatives as a
                             means of increasing engagement,            Strengthening its own
                                                                        platform through the
                             while combining online and offline
                                                                        development of a dedicated
                             channels to create a more                  affiliate community to
                             comprehensive experience.                  increase engagement and
                                                                        drive sales growth.

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          ACTIVITIES & INITIATIVES:
          ACTIVITIES 2025
Customer Engagement & Growth: The Company organizes flagship events #BeautyMyWay2025 also exclusive events for
Watsons Club Members that focus on customer engagement and experience.




                                                                “Nonton Bareng”                        ESQA x Watsons
                                                              Watsons Club Member                      Shopping Spree
          #BeautyMyWay 2025
 Watsons Indonesia successfully held its             As a form of appreciation, Watsons Indonesia      Held exclusively at Watsons Pondok Indah
 signature event, #BeautyMyWay 2025, where           held a series of exclusive "Movie Night" events   Mall, Watsons Club Members not only
 beauty enthusiasts could try the latest products,   for Watsons Club Members in 2025, which took      shopped, but also enjoyed free beauty
 take part in exciting activities, and enjoy         place in Jakarta and Bandung.                     consultations,     makeup services,  and
 attractive and exclusive offers.                                                                      attractive goodie bags.



                                                                        Reaching 3 milion
                                                                      Watsons Club Members in 2025


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     ACTIVITIES & INITIATIVES:
     INITIATIVES 2026

           STORE ACCELERATION
           The Company will expand its range of quality health and beauty products with easy access and the best
           shopping experience throughout Indonesia.



              O + O GROWTH
              The Company will strengthen the O+O ecosystem to expand market reach and grow market share through the
              integration of stores, Watsons own platform, and marketplace channels, providing customers with seamless
              shopping convenience anytime and anywhere.




           PEOPLE ENHANCEMENT
           The Company will strengthen the team's competence in order to provide superior service and help
           customers to look good, do good and feel great every day.




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          CORPORATE
     01   OVERVIEW



     02   ACTIVITIES &
          INITIATIVES


     03   FINANCIAL
          HIGHLIGHTS


          SUSTAINABILITY
     04   ACTIVITIES



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     FINANCIAL HIGHLIGHTS:
     FINANCIAL PERFORMANCE                              all in million Rupiah


                                         PROFIT BEFORE INCOME TAX
         NET REVENUE                  PROFIT/LOSS BEFORE                                   EBITDA
                  34.3%                  INCOME63.5%
                                                 TAX                                        37.6%



                          2,768,952
      2,061,052                                                                               281,952
                                                       109,167                  204,869
                                          66,774


        2024                2025          2024              2025                 2024         2025


            TOTAL ASSETS                     TOTAL LIABILITIES                       TOTAL EQUITY
                   27.4%                            21.2%                                   116.5%


                                                                                  34,039
                          1,242,197                                                            136,577
       975,102                            912,026      1,105,620
                                                                                  63,076


                                                                                  2024         2025
        2024                2025           2024         2025

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      FINANCIAL HIGHLIGHTS:
      CASH FLOW               all in million Rupiah




                                                                        2025       2024


        Net Cash Flows generated from operating activities             170,084     95,343



        Net Cash Flows used in investing activities                    (121,986)   (95,566)



        Net Cash Flows (used in)/generated from financing activities   (30,111)    9,023



     Net Cash Flows                                                     17,987     8,800




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          CORPORATE
     01   OVERVIEW



     02   ACTIVITIES &
          INITIATIVES


     03   FINANCIAL
          HIGHLIGHTS


          SUSTAINABILITY
     04   ACTIVITIES



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           SUSTAINABILITY VISION:
           SUSTAINABILITY ACTIVITIES
SDG Pillar(s)                       Activity Description

                Blood Donation Watsons X Indonesian Red
                Cross (PMI)
                Watsons Indonesia in collaboration with PMI organized a
                blood donation event. This activity was part of the
                Company's Corporate Social Responsibility (CSR) program.
                More than 50 employees volunteered at the event including
                the Head Office & Pharmacist team of the store.



SDG Pillar(s)                       Activity Description

                Watsons x NIVEA: CSR Collaboration Brings
                Hope to Cancer Survivors
                Watsons Indonesia together with NIVEA held a CSR program at
                the head office of Indonesian Cancer Foundation (YKI).
                Donations of Rp 30,000,000 were collected through NIVEA
                which contributed Rp 500 for every online purchase of selected
                body care products at Watsons stores.




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           SUSTAINABILITY VISION:
           SUSTAINABILITY ACTIVITIES
SDG Pillar(s)                      Activity Description

                Global Volunteer Day – Donation to Mizan
                Amanah Orphanage
                Watsons Indonesia held a CSR program at the Mizan Amanah
                Orphanage in Tebet. The event consisted of a series of joint
                activities and the distribution of Ramadan hampers as well as
                a donation of Rp 5,000,000 to support the needs of
                orphanages.




SDG Pillar(s)                      Activity Description

                Wardah Colourverse Talkshow Features
                Managing Director of Watsons Indonesia
                Watsons Indonesia participated in Wardah Colourverse "Brave
                Beauties: Women Leader, Your Color, Your Power“ event which
                featured the President Director of the Company, Lilis Mulyawati
                as one of the speakers, who emphasized the role of women
                leaders in encouraging innovation and empowerment in the
                beauty and retail industry.


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           SUSTAINABILITY VISION:
           SUSTAINABILITY ACTIVITIES
SDG Pillar(s)                       Activity Description

                Planting 1,000 Mangroves
                Watsons      Indonesia   reaffirmed its   commitment     to
                sustainability through the implementation of the Go Green
                Tree Planting Project program, an initiative to plant 1,000
                mangrove trees in the Pantai Indah Kapuk (PIK) area, North
                Jakarta. The program involved suppliers, media partners,
                Watsons Club Members, the Protect the Forest community, as
                well as elementary school students from MI Rabbani Nature
                School.


SDG Pillar(s)                       Activity Description

                Donation for Aceh, North Sumatra, and
                West Sumatra
                Watsons Indonesia distributed humanitarian aid worth a total
                of Rp 255 million to disaster victims in Aceh, North Sumatra, and
                West Sumatra. The assistance was distributed through the
                Indonesian Red Cross (PMI) Jakarta and focused on meeting
                urgent basic needs during emergency situations.


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     THANK YOU


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