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Page 1
  PT Fajar Surya Wisesa Tbk
Paparan Publik / Public Expose
 5 Desember / December 2025
Page 2
FajarPaper
at a glance
Page 3
Sekilas Perusahaan   Beroperasi lebih dari 35 Tahun
Company Overview     More than 35 years in the Paper Industry


                     Gabungan kapasitas produksi lebih dari 1,5
                     juta ton per tahun
                     Combined Installed production capacity over 1,5
                     million tonnes per year


                     Driving Sustainability in Business
                     Green Company bersertifikat FSC®, dan
                     terdaftar di CDM dan JCM
                     Green Company with FSC® certification and CDM,
                     JCM registered

                     Fasilitas Produksi di 2 lokasi
                     Lokasi Pabrik Kertas / Papermills Location
                     FajarPaper
                     Jawa Barat/West Java
                     Cikarang Barat
                                                   DayasaPaper
                                            Jawa Timur/East Java
                                                       Driyorejo
Page 4
Sekilas Perusahaan
Company Overview
  Visi                                   Misi
  Vision                                 Mission

  Menjadi produsen kertas kemasan        Mempertahankan posisi Perseroan
  berskala dunia yang menghasilkan       sebagai salah satu produsen kertas
  nilai dan produk berkualitas melalui   kemasan terkemuka di Indonesia
  daur ulang dan siklus produksi         dengan memanfaatkan peluang dan
  berkesinambungan.                      permintaan produk konsumen dan
                                         industri baik di Indonesia maupun
  To be a world-class industrial paper   kawasan sekitarnya.
  producing company that generates
  value    and     quality     through   To maintain our position as one of the
  responsible      recycling      and    leading industrial paper companies in
  sustainable manufacturing.             Indonesia    by    capitalizing    on
                                         opportunities and growing demand
                                         for industrial and consumer products
                                         in Indonesia and the region
Page 5
Sejarah Perusahaan
Key Milestone
                                                                                                                                                                        2025
                                                                                                                                                                        • Penambahan Modal Dengan
                                                                                                                                                                          Memberikan Hak Memesan Efek
                                                                                                                                                                          Terlebih       Dahulu      sebesar
                                                                                                                                                                          743.366.636 Saham Baru / Capital
                                                                                                                                                                          Increase through Pre-emptive
                                                                                                                                                                          Rights of 743,366,636 New Shares
                                                                                                                              Plastic Pellet
                                                                                                                                Machine
                                                                     Wastewater                                                                2022-2023
                                                                     Treatment                                                                 • Biogas hasil pengelolaan air hasil sisa
                                                                                                                                                 produksi / Anaerobic Treatment Facility
                                                                                                                                               • Pembuatan Pelet Plastik / Plastic Pellet
                                                                                                                                                 Machine
                                Waste Heat Boiler
                                                                                                        Anaerobic         2019
 1987                                                                                                                     • 55% Kepemilikan di akuisisi
 • Didirikan / Incorporated                                                                                                 oleh / shares acquisition by
                                                                                                       2017
                                                                                                       • BM8 – 300K         SCGP Group
 1994
 • Terbuka / IPO in IDX                                                                                • Powerplant 3
                                                                                    2012
                                                                                                       • CDM and JCM
                                                                                    • BM7 and BM 2
                                                            2010                      Upgrade – 100K                                                                    2024
      1996                                                  • BM5 – 250K                                                                                                • SCG Group meningkatkan
                          2003
      • BM3 – 150K                                          • ISO 14001                                                                                                   kepemilikan saham di FASW / SCG
                          • ISO 9001 – 2000
      • Powerplant 1                                                                                                                                                      Group increased its shareholding
      • Wastewater Treatment                                                                                                                                              in FASW


                                                                                                                         2018                            2020-2021
                                                                                  2011                                   • Akuisisi Aset/ Asset          • Dayasa BM1 – 200K
                                                    2006                          • Waste Heat                                                           • Dayasa BM2 – 50K
                                                                                                  2013 and 2016            Acquisition of Dayasa
 1989 - 1990                                        • BM7 – 250K                    Boiler 2                                                             • Dayasa BM3 – 50K
                          2001                                                                    • FSC® Certification
 • BM1 – 150K                                       • Powerplant 2                • ISO 18001
                          • Waste Heat                                                            • Eco-labeling
 • BM2 – 100K               Boiler 1
Page 6
Model Bisnis Berkelanjutan
Sustainable Business Model

                             FajarPaper fokus menjadi produsen kertas kemasan berskala dunia yang
                             menghasilkan nilai dan produk berkualitas melalui daur ulang dan siklus
                             produksi berkesinambungan.
                             FajarPaper is focused on being a world-class industrial paper producing
                             company that generates value and quality through responsible recycling
                             and sustainable manufacturing


                             FajarPaper berkomitmen menjalankan prinsip ekonomi sirkular dan
                             selama 12 bulan terakhir telah berhasil memenuhi kebutuhan para
                             pelanggan dengan memperhatikan aspek lingkungan, sosial, dan
                             pengelolaan energi dan sumber daya secara bertanggung jawab.

                             We are committed to the concept of the Circular economy and over the
                             past 12 months we have made steady progress in meeting the needs of our
                             customers with due care for the environment, society and the responsible
                             management of energy and resources.
Page 7
Lingkungan, Sosial & Tata Kelola
Environmental, Social & Governance (ESG)
Sebagai bagian dari SCGP Group, FajarPaper mengikuti sepenuhnya SCG ESG Pathway to Sustainable Business.
As a member of the SCGP Group, FajarPaper is fully aligned with the SCG ESG Pathway to Sustainable Business.

FajarPaper sepenuhnya berkomitmen untuk menerapkan prinsip-prinsip pokok berikut:
FajarPaper is fully committed to these key principles:
1.   Tercapainya nol bersih emisi (Set Net Zero);
2. Menciptakan produk dan industri hijau (Go Green);
3. Kesetaraan (Reduce Inequality); dan
4. Merangkul kolaborasi dengan berbagai pemangku kepentingan (Embrace Collaboration).


Perseroan    menjalankan    bisnisnya   dengan
memperhatikan 17 Sustainable Development Goals
(SDGs).

The Company operates its business cognizant of the 17
Sustainable Development Goals (SDGs).
Page 8
Lingkungan, Sosial & Tata Kelola
Environmental, Social & Governance (ESG)
Tanggung Jawab Sosial dan Lingkungan terhadap Masyarakat
Social and environmental responsibility toward society


      Total Sumbangan dan Kegiatan CSR sekitar Rp 6            Mesin kertas menggunakan Teknologi Turbo Vakum,
      Miliar                                                   meningkatkan efisiensi dan mengurangi konsumsi
      Total Donation and CSR activity sekitar Rp 6 billion     listrik
                                                               Paper Machine upgraded to Turbo Vacuum Technology,
      Program CSR mencakup revitalisasi sungai,                enhancing    efficiency and    reducing  electrical
      edukasi daur ulang, renovasi fasilitas ibadah,           consumption
      serta pemberian bantuan kesehatan dan
                                                               Penerapan         pengelolaan     sampah      dengan
      sembako.
                                                               memanfaatkan produk pellet dari proses pembuatan
      The CSR programs include river revitalization,
                                                               kertas 60 ton/hari Implemented waste management
      recycling education, renovation of worship facilities,
                                                               by utilizing pellet product from Paper making process
      as well as health and basic needs assistance.
                                                               60 tons/day
      Pengurangan Emisi Gas Rumah Kaca sebesar 12,9%
      sejak tahun 2022, melampaui target awal sebesar
      8%
      A reduction of greenhouse gas emissions by 12.9%
      since 2022, exceeding the initial target of 8%.
                                                                                             REUSE   REDUCE RECYCLE
Page 9
Sertifikasi
Certifications




 ISO 9001                    ISO 14001                   ISO 45001                      Forest Stewardship               Ecolabelling Certification         Indonesian Pulp &   Green Industry Awards
 Quality Management System   Environmental Management    Occupational Health & Safety   Council®                         Occupational Recycled &            Paper Association
                             System                      Management System              FSC® License Code: FSC-C135609   Environmentally Friendly Product

 Valid thru/Berlaku sampai   Valid thru/Berlaku sampai   Valid thru/Berlaku sampai      Valid thru/Berlaku sampai        Valid thru/Berlaku sampai
 2028                        2028                        2026                           2027                             2026




 Made from 100%              Recyclable                  Authorized Economic            Chamber of                       Indonesia Issuer                   Indonesian Public
 Recycled Fiber              Certificate                 Operator Certificate           Commerce & Industry              Association                        Listed Companies
                                                                                                                                                            Association
 Valid thru/Berlaku sampai   Valid thru/Berlaku sampai   Valid thru/Berlaku sampai      Valid thru/Berlaku sampai        Valid thru/Berlaku sampai
 2026                        2026                        2026                           2028                             2025
Page 10
Financial
Highlights
Page 11
Data Ekonomi
Economy Data
 Data Demografi – Indonesia /                                                                                                   Konsumsi Kertas per negara /
 Indonesia - Demographic Data                                                                                                   Paperboard consumption by country
                                                                                                                               (kg / Capita)
   238        256           270        284          297        308      317       324           329                                    US                                                                   124
   3%           4%           6%        7%           11%         10%     13%       14%
                                                                                                                                Germany                                                              111
                                                                                                17%
                                                                                                                                    Japan                                                 88
   68%         67%           71%       68%
                                                                                                                                       UK                                 56
                                                    68%         68%     68%       67%           65%                              Thailand                            49
                                                                                                                                    China                            49
   29%         29%           23%       25%          21%         22%     19%       19%           18%
                                                                                                                               Singapore                            47
                                                                                                                                 Vietnam                      33
  2010        2015          2020     2025F         2030F       2035F   2040F     2045F      2050F
                                                                                                                                Indonesia                19
                         Age 0 -14   Age 15 - 64     Age 65+            Total population (million)                             Philippines          12

Market size E-Commerce/E-Commerce Market Size
(US$bn | eCommerce market size)
                                                                                                                                                                                                                  In CAGR

             18.6                                   22.4                                 13.1                                    15.0                               15.3                             29.6

                          125


        75
                                                                                                                                               59
                                                                44                                    41                  39                                                   36
                                              24                                28                                                                             24                                                 20
                                                                                                                                                                                                 9

             Indonesia                              Vietnam                          Philippines                                 Thailand                           Malaysia                         Singapore

                                                                                                           2024   2027F                                                             Dari berbagai sumber / From various sources
Page 12
Produk Kertas Kemasan
Packaging paper Products
      Komposisi Volume Penjualan                                             Volume Produksi
       Sales Volume Composition                                             Production Volume

                                                       In thousand tonnes                         Production
  In thousand tonnes             Domestic     Export




        1,271
                                 5%                               1291
        24%
                                                                                           2%
                         929                976
                                                                                   973            989
                                            15%
                        24%


        76%
                                        85%
                        76%



        2024           9M-2024        9M-2025                    2024            9M-2024        9M-2025
Page 13
Laporan Laba Rugi / Income Statements
Tidak Diaudit / Unaudited

      (Dalam Milyar Rupiah)         2023     2024    9M-2024    9M-2025       (in IDR Billion)
 Penjualan Bersih                  7,723    7,698      5,686      5,925                   Net Sales
 (–) Beban Pokok Penjualan         -7,695   -8,113    -6,003      -5,959           (–) Cost of Sales
 (Rugi) Laba Kotor                    28     -414        -317       -34          Gross (Loss) Profit


 (–) Beban Operasional              -453     -441        -333       -321   (–) Operational Expenses
 Rugi Operasional                   -425     -855       -650       -355            Operating Loss


 (–) Beban Bunga                    -406     -499       -369       -338         (–) Interest Expense
 (–) Lain – Lain                      36      -32          16         6                   (–) Others
 Rugi Sebelum Pajak
                                    -795    -1,386     -1,003      -687    Loss Before Income Tax
 Penghasilan

 (-) (Manfaat) Pajak Penghasilan     169      281         197       -45     (-) Income Tax (Benefit)

 Rugi                               -626    -1,105      -806       -732                          Loss
Page 14
Laporan Posisi Keuangan / Balance Sheet
Tidak Diaudit / Unaudited

     (Dalam Milyar Rupiah)         2023      2024     9M-2024    9M-2025            (in IDR Billion)
 Jumlah Aset tidak lancar          9,614     9,698       9,625      9,358        Total Non-Current Assets
 Kas                                   76        72         29         197                           Cash
 Piutang usaha                     1,230      1,441      1,392       1,614              Trade Receivables
 Aset lain-lain                     1,625     1,451      1,576       1,323                  Others - Asset
 Jumlah Aset                      12,545    12,662      12,622     12,492                    Total Assets

 Utang usaha                         787     1,043        762       1,185                  Trade Payables
 Utang bank                        4,549     5,139      5,047       1,347                     Bank Loans
 Liabilitas jangka panjang yang                                                Current maturities of long-
                                     553       579         551       604
 jatuh tempo dalam satu tahun                                                             term liabilities

 Utang bank jangka panjang         1,246     1,702       1,810      2,499           Long term bank loans

 Liabilitas pajak tangguhan          346        111        181           -          Deferred tax liabilities

 Utang/Liabilitas lain-lain          701       767         714        778    Others - Loans and Liabilities
 Jumlah Liabilitas                 8,182     9,341      9,065       6,413                 Total Liabilities

 Jumlah Ekuitas                   4,363      3,321      3,557      6,079                      Total Equity
 Jumlah Liabilitas dan Ekuitas    12,545    12,662      12,622     12,492     Total Liabilities and Equity
Page 15
Terima kasih
Thank You
Page 16

          

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