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Page 1
Public Expose
PT Ultrajaya Milk Industry & Trading Company Tbk

19 December 2025
Page 2
Agenda Presentation
Public Expose 2025
01   Company Overview           Corporate Action
                           04   2025
02   Update 3Q2025
                           05   Financial Report
03                              Highlights
     Corporate Sustainability
     Strategy
                                                   2
Page 3
Company Overview




            www.ultrajaya.co.id   3
Page 4
                   Company Business Overview
                                          Establishment and Production

                     The Company was established in 1970 and began commercial production in 1975




                  Quality Excellence                                        Sustainable Growth
 Pioneer of liquid milk beverage products with UHT      Revenue Growth CAGR 8.16% in the last 12 years;

   technology;                                           Listed on the Indonesia Stock Exchange since July

 Quality aseptic packaging through partnerships           1990, ticker code ULTJ;

   with Tetra Pak Since 1975 and Combibloc Since         Market leader in packaged beverage products (UHT

   1998.                                                   Milk and Tea Ready-to-Drink) in Indonesia.


                                                                                                              4
Page 5
         Company Business Overview
                        Production                                              Farm Support

 Production is carried out directly and through joint venture
                                                                  Support for fresh milk sources from 2 owned dairy farms;
   entities ("JV") and toll manufacturing;
                                                                  Supply from farm industry and cooperative dairy farms
 Vertically integrated and automated production processes.
                                                                    including UMKM / Micro, Small, and Medium Enterprises




                  Sales and Distribution                                         Product variety

 Extensive sales and distribution network                        Developing over 25 variants of quality UHT beverage

   throughout Indonesia and overseas                                products, including milk and non-milk categories.

                                                                  Producing powdered milk and packaged juice drinks

                                                                    through Toll Manufacturing.



                                                                                                                         5
Page 6
                Subsidiaries, Associated & JV




data as of 30 September 2025                    6
Page 7
  Vision, Mission, Values

                         Vision
To become the best and the largest Food and
Beverage industry in Indonesia, through
consistently prioritizing consumers satisfaction, and             Values & Cultures
highly upholding our stockholders and business
partners’ trusts.
                                                        Quality
                        Mission                                              Integrity
To conduct business based on high sensitivity,
consistently orienting to the market and consumers,     Costumer Focus
continuously maintaining environmental
consciousness, with the end goal of optimally
conducting business to achieve value added                            Value Added
performance to our Shareholders
                                                        Teamwork & Collaboration

                                                                                         7
Page 8
Update 3Q2025




                8
Page 9
National Economic Overview




                             9
Page 10
                  Company Growth


                                       Revenue                                                                            Net Profit & EBITDA
10,00
                                                                                       8,87
 9,00                                                                           8,30
                                                                         7,66
 8,00
                                                                                              2,00                                                               1,81
 7,00                                               6,22
                                                                  6,62                        1,80          CAGR EBITDA:                                                        1,65    1,62
                                                                                                                                                         1,55
                                                                                                              13,72%
                                                           5,97
                                                                                              1,60                                               1,42                    1,46
 6,00                                        5,47
                                      4,88                                                    1,40                                                               1,28
                               4,69                                                                                                                                             1,19    1,15
 5,00                  4,39                                                                                                       1,11                   1,11
                                                                                              1,20                        1,04           1,04    1,04
 4,00    3,46
                3,92
                                               CAGR Revenue:                                  1,00                 0,83
                                                                                                                                                                         0,97

                                                  8,16%                                       0,80
                                                                                                                          0,71    0,72   0,70
 3,00
                                                                                              0,60
                                                                                                     0,56   0,51   0,52                                 CAGR Laba Bersih:
 2,00
                                                                                              0,40
                                                                                                     0,33   0,28                                            10,96%
 1,00                                                                                         0,20

   -                                                                                            -
         2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024                                 2013   2014   2015   2016   2017    2018    2019    2020   2021    2022    2023    2024

                              Numbers in Trillion Rupiah                                                                          NET PROFIT        EBITDA-1
                                                                                                                             Numbers in Trillion Rupiah

        CAGR (Compound Annual Growth Rate)                                                                           1 EBITDA (Earning before interest, tax, depreciation, amortization);




                                                                                                                                                                                            10
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Result 3Q2024

                             SALES REVENUE

                             IDR 6,238          Trillion
                             vs. LY 6,583 Trillion
                             - 5,2%




        NET PROFIT                                                EBITDA


     IDR 974       Billion                                 IDR   1,331 Trillion
     vs. LY 893 Billion
     + 9,0%                                                vs. LY 1,231 Trillion
                                                           + 8,1%



                                                                                   11
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          Business Overview
                                                                 SALES 3Q2025
                                                 Tea &                                      Others
                                                 Health                                      5%
                                                 drink
             Dairy Products                                                                                    Tea & Healthy Drink Products
                                                  12%
            (Million Rupiah, %)                                                                                       (Million Rupiah, %)
         11 %                                                                                                 -7 %
                                        2%
                                                                                                                                            -29 %
                                                                                            Dairy
            6.865                                                                            83%      1.625      1.509
 6.187                          5.037    5.135                                                                                      1.153
                                                                                                                                                814


2023       2024                3Q24     3Q25                                                         2023      2024               3Q24        3Q25

                                                                       Other Products
       Market Share Ultramilk : 37,3%                                                                                 Market Share Teh Kotak : 53,9%
                                                                     (Million Rupiah, %)
              Per 30/09/2025                                    2%                                                           Per 30/09/2025
             Source: Nielsen                                                                                                Source: Nielsen
                                                                                           - 26 %
                                                          491     500
                                                                                   393
                                                                                              289


                                                     2023       2024            3Q24       3Q25
                                                                                                                                                      12
Page 13
          Financial Highlights
                    Sales & Growth
                 (IDR Bn, % of Sales)              Gross Profit (IDR bn, % of Sales)
          6,9%
                                                    32,4%      34,1%              -7,5 %
                                      -5,2%                               33,8%       33,0%

 8.303     8.874                                              3.022
                              6.583        6.238     2.692               2.224        2.057



2023      2024              3Q24      3Q25         2023      2024       3Q24        3Q25




                                                    EBITDA ¹ & Margin (IDR Bn, % of Sales)
Net Profit & Margin (IDR Bn, % Sales)
                                                                                  8,1%
                                      9%
  14,3%      13,0%                                   19,8%    18,3%
                                           15,6%                         18,7%        21,3%
                              13,6%


  1.186     1.154                                    1.646    1.622                  1.331
                              893          974                           1.231


2023      2024              3Q24      3Q25         2023      2024       3Q24       3Q25

                                                                                              13
Page 14
                   Financial Highlights
                                                                                                                    Cash Flow (in Million Rupiah)
                         Balance Sheet (in Billion Rupiah)

9.000                                   8.461                                                 8.575
                                                                  7.892                                  7.934
8.000      7.524                                   7.427
                                                                                 7.146                            1.396
                         6.687                                                                                             1.262          1.044
7.000                                                                                                                                                970

6.000

                                                                                                                 2023     2024          3Q24       3Q25
5.000

4.000

                                                                                                                 Capital Expenditures (in Million Rupiah)
3.000

2.000

1.000

   -
               2023                         2024                    3Q24                        3Q25                         581
                                                                                                                    392                      351          374
        Current Assets           Total Assets       Liabilities           Total Liabilities     Total Equity



                                                                                                                  2023     2024            3Q24      3Q25


                                                                                                                                                                14
Page 15
Corporate Sustainability
Strategy




                           15
Page 16
                Corporate Strengths


      1                          2                           3                        4                 6

Strong Industry      Leading Market Position    Vertically Integrated and     Present in Multiple
Fundamentals         Ready to Capture           Automated Production          Categories and Good
                     Sustainable Growth         Facilities                    Track Record in Product
                                                                              Development




            5                        6                  7                        8

Strict Quality Control     Extensive National     Good Quality              Highly
throughout the             Distribution           Fresh Milk                Experienced
Production Chain           Network                Supply                    Management

                                                                                                            16
Page 17
Business & Products Track Record




                       2025
                       Launching
                       Ultramilk
                       Blueberry
                       Blast
                                   17
Page 18
       Network Distribution



GENERAL              OUTER                 MODERN         EXPORT              THIRD
 TRADE               ISLAND                 TRADE          0,3%              PARTIES
 50,4%                32,2%                 12,5%                              4,6%



25   Representative Offices in Java
                                                      9      OFFICIAL STORE ( e-commerce)

65   Autorized Distributors outside Java

                                                    87.500   Points of sale in Java
14   Overseas Distributors




                                                                                            18
Page 19
                                       Strategies

 Continuous investment to improve                   Strengthen brand and expand market
operational efficiency and integrate                coverage to drive revenue growth
                     ESG initiatives




  Sustained focus on new                                      Optimize distribution platform,
    product development                                       ensuring optimal national
                                                              availability




    Develop farm and milk supply                    Increase production capacity and
     chain to ensure continuity of                  warehouse
                           supply


                                                                                                19
Page 20
    Promotion & New Product
As a strategic moves:
 Strengthen brand and expand market reach to drive revenue growth
 Sustained focus on new product development                         New Product Launch 2025:
                                                                     Ultramilk Blueberry Blast




                Billboards in strategic areas and Box Truck Car
                Branding




                                                                                                 20
Page 21
          Social Value Promotion
As a strategic move
 Strengthen brand and expand market reach to drive revenue growth
 Support ESG Initiatives
                                                                                          Sports Activities
                                                                                                              (Running)
                     Blood Donation




                                                                                          Academic Activities

                                                  National
                                                  Children's
                                                  Day Activities

                                                                                          Religious Activities, Environmental
                                                                                          Activities, and others
              Complete social and environmental activities will be featured in the 2025
              Sustainability Report
                                                                                                                           21
Page 22
       Support Free Lunch Program (MBG)
As a strategic moves:
 Ultrajaya fully supports the Government's MBG program
 Strengthen brand and expand market reach to drive revenue growth
   (As Free campaign to increase national milk consumption in the long run)


                      The Plus Point:
                      1) Produced by Ultrajaya, a company with a proven track record of maintaining
                         product quality for over 50 years.
                      2) Contains Fresh Milk, Calcium, and Protein that meet the standards set by the BGN
                         (National Nutrition Institution)
                                                                    Sales MBG – direct order
                        Target Consumer:
                        School-age children (6-18
                        years old)

                        NOT FOR GENERAL SALE



                                                             JUL    AGU       SEP   OKT   NOV   DEC-est.
                                                                                                            22
Page 23
                  New Facilities – UJ MM2100
As a strategic move:
- Increase production and warehouse capacity and support distribution
- Sustainable investment to improve operational efficiency, Productivity and integrate ESG Initiative
                                                                                                           Area Factory
                                                                                                            38,000 m2
                                                  Total Area                    : 200.000 m2
                                                  Building & Facility Area     : 73.000 m2                 Capacity
                                                  Open Space                   : 127.000 m2                 Total        : 400 kT / year
                                                                                                               - Phase I : 200 kT / year
                                                           Area Warehouse                                  System
                                                             25,000 m2                                        ERP (Enterprise Resource Planning) Oracle
                                                                                                              HRIS (Human Resources Information System)
                                                           Capacity                                           Automatic GEA Processing
                                                             36,940 Pallet position                           Fresh Milk Reception
                                                           System                                             Tetrapak Technology
                                                              ERP (Enterprise Resource Planning) Oracle      Robotic + AGV (Automatic Guided Vehicle)
                                                              ASRS (Automated Storage & Retrieval            MES (Manufacturing Execution System)
                                                               Systems)                                       AI (Artificial Intelligent) Camera
                                                              15 levels Rack FG
                                                              14 Levels Rack RMPM




                                  Location :
                                   Jln. Irian XV, Blok RR No.15,
                                   MM2100 Industrial Estate,
                                   Cibitung, Jawa Barat.

                                                                                                                                                           23
Page 24
                   New Facilities – UJ MM2100
 Also as a strategic move:                                                Target 5-0-0-0:
 - Implementation of ESG Initiatives
 Systems & Technology:
    Industrial 4.0
    Improving efficiency, productivity, and innovation in industry
    Automation (Robotics) machinery and material handling
    Internet of Things (IoT), integrated systems
 Enhancing Efficiency and Productivity                                        Top 5 Best UHT Factory in the world (Quality & Cost Efficiency)
 Environmentally friendly (waste management, emission reduction)              Zero Accident (Excellent workplace safety through incident prevention
                                                                                and strong Occupational Safety and Health - OSH culture)
                                                                               Zero Waste (Cost efficiency and waste minimization throughout entire
                                                                                operation process)
                                                                               Zero Carbon Emission (Sustainability commitment and environmental
                                                                                responsibility)

                                           Water & Waste Management Initiatives:

                                           o Rain Water Harvesting
                                             Utilization and collection of rainwater as an alternative water source.
                                           o Closed-Loop Water System
                                             Production management system with high-efficiency water recycling
                                             (efficiency rate above 95%)
                                           o Biological Wastewater Treatment
                                             Wastewater treatment system using aerobic and anaerobic bacteria
                                                                                                                                                    24
Page 25
                 New Facilities – UJ MM2100
Documentation:




                  Factory                Warehouse
                                                     25
Page 26
Corporate Action 2025




                        26
Page 27
                             Corporate Action 2025


                                          Dividend distribution

                           Based on AGMS dated 02 May 2025
                           Dividend Value: Rp 45,-per share
                           Number of Shares 10.398.175.200 shares
                           Total Dividend Rp 467,9 bilion atau 40,6% of 2024 net profit
                           Payment date: 28 May 2025
                           .

            Dividend per share                                                             Dividend Payout Ratio
50                                             45                         45%                                      41%
45                               40                                       40%                       35%
40                                                                        35%
                                                                                          32%
35                  30                                                    30%
30   25                                                                   25%      20%
25                                                                        20%
20
                                                                          15%
15
                                                                          10%
10
 5                                                                         5%
 0                                                                         0%

     2022          2023          2024         2025                                 2022   2023      2024           2025




                                                                                                                          27
Page 28
Financial Report
Highlights




                   28
Page 29
   Balance Sheet
                                  As of Dec 31st             As of Sept 30th
((in IDR million)               2023             2024       3Q24           3Q25
Current assets
Cash                               2.174.324    2.434.322    2.443.724    2.546.167
Trade receivables                    710.304      818.519      694.667      765.164
Inventories                        1.431.226    1.389.673    1.256.014    1.236.417
Others                                95.621      227.234      170.779      119.761
Total current assets               4.411.475    4.869.748    4.565.184    4.667.509
Non-current assets
Fixed assets                       2.346.120    2.460.538    2.448.419    3.153.621
Investment in associates             111.185      132.526      131.273      156.149
Other non-current assets             655.176      998.553      746.961      597.828
Total non-current assets           3.112.481    3.591.617    3.326.653    3.907.598
Total assets                       7.523.956    8.461.365    7.891.837    8.575.107
Current liabilities
Trade and other payables             465.275      555.145      464.020      384.578
ST loans                               1.567        1.694        1.662        1.592
Current portion of LT Lease           10.358        9.093        5.941        8.665
Other current liabilities            236.193      336.882      147.411      125.631
Total current liabilities            713.393      902.814      619.034      520.466
Non-current liabilities
LT Lease                              18.976       27.061       15.092       19.328
Deferred tax                           2.529        7.384        2.435        8.411
Other                                102.090       97.188      109.484       93.043
Total non-current liabilities        123.595      131.633      127.011      120.782
Total Liabilities                    836.988    1.034.447      746.045      641.248

Minority interest                     86.159       87.688       82.107       88.345
Equity                             6.600.809    7.339.230    7.063.685    7.845.514
Total Liabilities and Equity       7.523.956    8.461.365    7.891.837    8.575.107   29
Page 30
Income Statement
(in IDR million)                    FY2023         FY2024          3Q24            3Q25
Revenue                               8.302.741        8.874.202      6.582.915       6.237.682
COGS                                 (5.611.170)     (5.852.425)    (4.358.497)     (4.180.864)
Gross profit                          2.691.571        3.021.777      2.224.418       2.056.818
Selling expenses                       (982.835)     (1.347.339)      (848.039)       (740.845)

General & administrative expenses
                                      (252.663)        (275.431)      (198.833)      (211.909)
Other expenses & Income                   17.142          49.318        (78.007)        89.814
Total                               (1.218.356)      (1.573.452)    (1.124.879)      (862.940)
Operating Income                      1.473.215        1.448.325      1.099.539      1.193.878
Finance income                            69.861          37.424          30.157        28.789
Finance cost                            (46.848)           (127)         (1.426)           (98)
Shares profit in associates / JV          11.057          21.341          20.088        15.423
Profit Before Income Tax              1.507.285       1.506.963      1.148.358       1.237.992
Income tax expenses                   (321.124)       (353.047)      (255.188)       (264.268)

Profit after tax                      1.186.161       1.153.916        893.170         973.724

Profit attributable to:
  Owners of the parent                1.169.212       1.136.624        881.181         960.882
  Non-controlling interest               16.949          17.292         11.989          16.348
EBITDA                                1.646.062       1.621.711      1.230.791       1.330.697    30
Page 31
Cash Flow
(in IDR million)                     FY 2023         FY2024         3Q24          3Q25
Cash flow from operations
Net Cash flow from operating
activities                             1.589.836       1.568.773     1.232.922     1.137.466
Interest income                          124.512         122.932        74.186        72.981
Interest expense                         (45.168)           (127)       (1.426)          (98)
Income tax                             (286.066)       (393.559)     (262.964)     (279.283)
Others                                     13.184        (36.436)         1.264       38.917
Net cash generated from
operating activities                   1.396.298       1.261.583     1.043.982      969.983

Cash flow from investing
Capex                                   (391.908)      (581.136)     (350.836)     (374.177)
Others                                    873.854         23.614        17.808         6.260
Net cash from investing activities        481.946      (557.522)     (333.028)     (367.917)

Cash flow from financing
Payment of Medium – Term Notes          (600.000)              -             -             -
Payment of lease payable                  (11.051)      (12.304)       (9.763)         (102)
Others                                  (341.511)      (431.759)     (431.791)     (490.119)
Net cash from financing activities      (952.562)      (444.063)     (441.554)     (490.221)

Net increase/(decrease) in cash          925.682         259.998       269.400       111.845
Cash at beginning of year/period       1.248.642       2.174.324     2.174.324     2.434.322
Cash at end of year/period             2.174.324       2.434.322     2.443.724     2.546.167

                                                                                                31
Page 32
                                                            Disclaimer

These materials are not intended to be a public offering document under Law of the Republic of Indonesia No.8 of 1995 on Capital Markets and its
implementing regulations. Persons into whose possession these materials come are required to inform themselves about and to observe, any restrictions
in distributing these materials. These materials may not be used for the purpose of an offer or an invitation in any circumstances in which such offer or
invitation is not authorized.

This information does not constitute and is not an offer to sell or the solicitation of an offer to buy securities (the “Securities") of PT Ultrajaya Milk
Industry & Trading Company Tbk (the “Ultrajaya”) in the United States or elsewhere. Ultrajaya has not registered and does not intend to register the
Securities under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and the Securities may not be offered or sold in the United States
absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, registration. Ultrajaya does not intend
to make any public offering of the Securities in the United States or elsewhere.

This document includes forward-looking statements. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect“, “plan”
and words of similar meaning. All statements other than statements of historical facts included in this document, including, without limitation, those
regarding Ultrajaya's financial position, business strategy, plans and objectives of management for future operations (including development plans and
objectives relating to Ultrajaya's business and services) are forward-looking statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ultrajaya to be materially different
from results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding Ultrajaya's present and future business strategies and the environment in which Ultrajaya will operate, and must be
read together with those assumptions.

These forward-looking statements speak only as at the date of this document. Predictions, projections or forecasts of the economy or economic trends
of the markets are not necessarily indicative of the future or likely performance of Ultrajaya. Past performance is not necessarily indicative of future
performance. The future financial performance of Ultrajaya is not guaranteed. You are cautioned not to place undue reliance on these forward-looking
statements, which are based on the current views of Ultrajaya on future events. Ultrajaya expressly disclaims any obligation or undertaking to
disseminate any updates or revisions, except as required by law, to any forward-looking statements contained herein to reflect any change in Ultrajaya's
expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Page 33
THANK YOU


   investor-relations@ultrajaya.co.id

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