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PT SARIMELATI KENCANA TBK

ANNUAL
PUBLIC EXPOSE
NOVEMBER 20                                       TH , 2025




  PT SARIMELATI
 PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                    STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
                                                              1
Page 2
PUBLIC EXPOSE 2025




                                                                        DISCLAIMER
                 This presentation material is prepared solely for use in the presentation to be conducted by PT Sarimelati Kencana Tbk (“SMK” or the
                 “Company"). This presentation material and any information contained herein are highly confidential and may not be copied, reproduced,
                 redistributed, transmitted, or disclosed, in whole or in part, to any other person without the prior consent of the Company.

                 This presentation material contains the Company’s latest financial information, business strategies, and prospective financial information.
                 Any and all financial information contained herein is presented on a basis consistent with the accounting policies adopted by the Company,
                 and reflects the Company’s current fair assessment of expected conditions. Business strategies may change due to uncertainties that may
                 affect the Company’s business, as well as other factors beyond the Company’s control. The prospective financial information has been
                 prepared based on a number of assumptions made by the Company that inherently involve significant uncertainties due to factors outside
                 the Company’s control. The Company’s actual results may differ from these estimates, and such differences may be material. Under no
                 circumstances should this prospective financial information be regarded as a representation or guarantee regarding the achievement of
                 certain results by the Company, and there is no assurance that the business strategies will not change.

                 The information contained in this presentation has not been and will not be updated to reflect any material developments that may occur
                 after the date of the presentation. The Company may, in any way, change, modify, or replace the contents of this presentation material
                 without any obligation to inform anyone of such changes or amendments. Neither the Company nor its affiliates nor any of their respective
                 directors, officers, agents, advisors, or employees accept any responsibility (whether for negligence, misrepresentation, breach, under
                 contract or otherwise) for any loss arising from any information contained in this presentation material or arising in connection with this
                 presentation material.




       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                               NOVEMBER 2025
Page 3
PUBLIC EXPOSE 2025




COMPANY PROFILE
The pioneer of pizza companies with the largest restaurant network in Indonesia.

 WE IN NUMBERS

                                                 1st               The largest pizza
                                                                   restaurant chain in               36
                                                                                                          Provinces across 38
                                                                                                          provinces or 120
                                                                   Indonesia                              cities/regencies in
                                                                                                          Indonesia
                                                                   Pizza Hut Restaurant, Pizza Hut
                                               583                 Delivery (PHD) and Pizza Hut
                                                                   Ristorante outlets


                                           > 10.0                  Local employees from              8    Pillars of the Corporate Sustainability
                                                                                                          Responsibility (CSR) Programme
                                                                   Sabang to Merauke
                                           00


  OUR RESTAURANTS




       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                    NOVEMBER 2025
Page 4
   PUBLIC EXPOSE 2025                                                                                                                                                 4




   COMPANY’S MILISTONES


                                                    Pizza Hut Restaurant                         Listed on the                     Launch of Hot Box
 The first Pizza Hut                                                                           Indonesia Stock
Restaurant opened at                                reached 100 outlets                                                                Delivery
  Djakarta Theater,                                across various cities in                    Exchange (IDX)
       Jakarta                                            Indonesia                          under the ticker code
                                                                                                     PZZA

                              2004                                              2007                                 2023                                  2025


     1984                                                  2005                                   2018                                  2024

                          PT Sarimelati                                Pizza Hut Delivery                                                                  Seriously
                       Kencana Tbk was                                (PHD) was launched                     Pizza Hut Ristorante was                  Musangking Pizza
                           acquired by                                  for the first time                       introduced with a                        innovation
                     PT Sriboga Raturaya                                                                     premium dining concept
                     of the Sriboga Group



          PT SARIMELATI
         PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                            STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                        NOVEMBER
                                                                                                                                                               JUNE 2025
Page 5
PUBLIC EXPOSE 2025




SHARE OVERVIEW




                                                                   Number of issued shares   : 3,021,875,000


       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                               NOVEMBER 2025
Page 6
PUBLIC EXPOSE 2025




BOARD OF COMMISSIONERS & BOARD OF DIRECTORS

                              Boy Lukito                                   Jeo Sasanto                      Budi
                                                                                                            Setiawan




               Chief Executive Officer                             Chief Financial Officer   Chief Development Officer



                                                                                                         Stephen
                        Brata Taruna                                           Hadian                    James
                        Hardjosubroto                                          Iswara                    McCarthy




           President Commissioner and
                                                                       Commissioner               Commissioner
           Independent Commissioner


       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                         NOVEMBER 2025
Page 7
FINANCIAL PERFORMANCE
Q3 2025


  PT SARIMELATI
 PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                    STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
                                                              7
Page 8
Income Statement Highlights

          in IDR billion
                                                          3Q-25       2Q-25   1Q-25   4Q-24   3Q-24    2Q-24   1Q-24

         Net Sales                                            722.1   836.5   707.1   761.1   664.8    734.9   638.2

         Gross Profit                                         505.5   575.3   494.6   534.4   462.3    503.6   432.9
         Gross Profit Margin                                  70.0%   68.8%   69.9%   70.2%   69.5%    68.5%   67.8%


         Operating Profit                                       8.8    29.0    11.6    38.0    -15.4    -6.9   -60.1
         Operating Profit Margin                              1.2%     3.5%    1.6%    5.0%    -2.3%   -0.9%   -9.4%


         Net Profit                                            0.34    15.2    0.42    23.9    -21.6   -16.4   -58.7
         Net Profit Margin                                     0.0%    1.8%    0.1%    3.1%    -3.2%   -2.2%   -9.2%


         Number of Outlets                                     583      586    587      591     595     610     611

 PIZZA HUT GLOBAL   STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                            8
Page 9
Sales and Profitability (1)
                                         Net Sales                                              Gross Profit & Gross Profit Margin
in IDR billion                                                                     in IDR billion
                                                                                                                                       69.5%
                                                                                                      67.2%                 69.1%                   68.6%
                                                                                       65.8%                     66.6%
                     3,612            3,544
    3,419
                                                                       11.2%
                                                         2,799
                                                                   2,266              2,249
                                                                                                     2,429    2,360                     12.6%
                                                                           2,038
                                                                                                                         1,933
                                                                                                                                    1,575
                                                                                                                                                1,399




    2021             2022             2023               2024      9M-25   9M-24      2021           2022     2023       2024       9M-25      9M-24

    Net Sales                                                                         Gross Profit                                    Gross Profit Margin


      PIZZA HUT GLOBAL   STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                        9
Page 10
Sales and Profitability (2)
                    EBITDA & EBITDA Margin                                                                        Net Profit & Net Profit Margin
in IDR billion                                                                                   in IDR billion

                                                                                                                     -0.6%                           0.7%
        13.3%                                                              15.4%                      1.5%
                          11.2%                                                                                                           -2.6%
                                                                13.0%                    11.1%                                 -2.7%
                                             10.6%                                                                                                                -4.7%

                                                                               55.1%
    455
                        404                                                                                                                          -116.5%
                                        376               364            350
                                                                                                      50
                                                                                       225                                                         16

                                                                                                    2021          2022       2023      2024       9M-25      9M-24
                                                                                                                   (23)
                                                                                                                                       (73)
   2021            2022               2023               2024           9M-25      9M-24                                     (96)                             (97)

  EBITDA                                                                  EBITDA Margin            Net Profit                                       Net Profit Margin


     PIZZA HUT GLOBAL     STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                                    10
Page 11
Balance Sheet
                                                  Liquidity Ratio                                                             Solvency Ratio


                    1.32                                                                                                                                   0.62
                                                                                                                                             0.59
                                                0.93
                                                                                                                                                                     0.45
                                  0.83
                                                                                                                     0.30
                                                          0.61                                                                     0.29                                        0.29
                                                                   0.61      0.56          0.58


                                                                                                            0.04

                     2019         2020          2021      2022     2023      2024      9M-25         2019          2020     2021          2022      2023          2024     9M-25
                           Current Assets/Current Liabilities (x)                                       Debt/Equity (x)

                                                  Debt to EBITDA                                               Debt Service Coverage Ratio (DSCR)

                                                                                                        8.51
                                                                      1.78
                                                                                                                               7.70
                                                            1.70                                                     7.59
                                                                                    1.27
                                         1.12

                                                   0.77                                                                                      3.84
                                                                                              0.65                                                     2.52                    3.04
                                                                                                                                                                    2.16
                           0.13

                    2019        2020        2021        2022       2023      2024      9M-25         2019      2020         2021      2022          2023      2024         9M-25
 PIZZA HUT GLOBAL    STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                                                                          11
                         Debt/EBITDA (x)                                                                EBITDA/(Current Portion LTD+Interest) (x)
Page 12
Undrawn Debt Facilities
         Total Cash and
                                                                                           Outstanding Loan
      Undrawn Debt Facilities
in IDR billion                                                    in IDR billion
                                                                                       685 671
                                                                                                 637
              21
               -

                                                                                                       511 509
                                Cash                                                                              463
                                                                                                                        425
                                                                             343 351
                                                                                                                              307 304
             281                Undrawn Short-
                                term Debt

                                                                    58


        9M-25
          1                                                       FY-19 FY-20 FY-21 FY-22 FY-23 1Q-24 2Q-24 3Q-24 4Q-24 1Q-25 2Q-25 3Q-25



     PIZZA HUT GLOBAL   STRICTLY CONFIDENTIAL—INTERNAL USE ONLY                                                                             12
Page 13
2025 BUSINESS STRATEGY



 PT SARIMELATI
PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                   STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
                                                             13
Page 14
PUBLIC EXPOSE 2025




PILLARS OF CORPORATE STRATEGY


      M            aximize Our Assets

                               O            ptimize Our Costs & Cash

                                                     R             ejuvenate Our Brands

                                                                   E  levate Our Organizations


                                                                                                 NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 15
M
PUBLIC EXPOSE 2025




             aximize Our Assets: Enhancing Customer Experiences

                                                   FEED GOOD TIMES



                                                                   TOTAL OUTLET RENOVATION

                                                                       3Q-25   2024   2023

                                                                                11    23
                                                                       39
                                                                                             NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 16
M
PUBLIC EXPOSE 2025




             aximize Our Assets: Drive sales through Group Synergy




                                                                   HAMBURG BEEF
                                                                   From our Cikarang factory




                                                                                               NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 17
O
PUBLIC EXPOSE 2025




            ptimize Our Costs & Cash


                                        1.575,4                                49,4
                                        Gross Profit                       Operating Profit

                                        69,5%                                      2,2%
                                        Gross Profit Margin        Operating Profit Margin



                                        15,9                                350M
                                        Net Profit
                                                                                      EBITDA
                                        0,7%                                    15.4%
                                        Net Profit Margin                    EBITDA Margin



                                                                                               NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 18
 R
PUBLIC EXPOSE 2025




         ejuvenate Our Brands
   FOCUS TO CORE MENU                                              MENU INNOVATIONS   DIGITAL




                                                                                                NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 19
 R
PUBLIC EXPOSE 2025




         ejuvenate Our Brands
             BRAND INDEX                                           USER PENETRATION      DIGITAL SALES
                                                                        GROWTH          CONTRIBUTION



                      +2                                              +5 %               16 %
                Q3-24 vs Q3-25                                         Q3-24 vs Q3-25        Q3-25




                          CUSTOMERS ARE COMING BACK TO
                                   OUR BRAND!
                                                                                                         NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 20
 E
PUBLIC EXPOSE 2025




           levate Our Organizations: Pizza Hut Peduli 8P

        PMI & Orphanages                           Farmers & MSMEs                     Women’s Empowerment                    Persons with Disabilities
        (SDG 3, 17)                                (SDG 8, 12, 17)                     (SDG 5, 8, 12)                         (SDG 10, 8)




       QRIS PMI DONATION                            17 Active farming locations    ± 30 Female  employees
                                                                                        managing 1 dedicated outlet            4 Active employees with disabilities
     390+ units of blood collected               ± 300 Farmer families supported   ± 50 Mothers process used cooking oil   Support for the Sea Deaf Games 2025
                                                                                          into aromatherapy products,
                                              160+ ton Absorbed
                                                       produce
                                                                 agricultural
                                                                                          enabling women’s independence
   ±10.000 orphans   & community
           members supported                     100% PRODUCED BY
                                                           INDONESIAN FARMERS




                                                                                                                                                   NOVEMBER 2025
       PT SARIMELATI KENCANA TBK | PIZZA HUT INDONESIA
Page 21
 E
PUBLIC EXPOSE 2025




           levate Our Organizations: Pizza Hut Peduli 8P

        Employee Priorities                        Management of Food                      Energy Savings & Transition          Improving Child Nutrition
        (SDG 3, 8)                                 Waste & Packaging                       to Renewable Energy                  (SDG 2)
                                                   (SDG 12, 13)                            (SDG 7, 13, 17)


     430+ Employees   and their families      42.500+ Litres of used cooking oil       100% LEDs in outlets, factories,
                                                                                            and offices
          affected by disasters assisted              from PHD & RSC processed
                                                           into Biofuel                 Collaboration on EV Charging Station   Programme under development,
     560+ Employees   participate
          in Medical Screening                            Use of paper straws
                                                                                             (ALVA, Voltron, Haka Auto)        focusing on nutrition and
                                             All Outlet & bamboo tissue as part        Hot Box: Environmentally friendly       Indonesian children
                                                          of waste-reduction efforts   innovations




                                                                                                                                                  NOVEMBER 2025
       PT SARIMELATI KENCANA TBK | PIZZA HUT INDONESIA
Page 22
STEPS TOWARDS 2026



  PT SARIMELATI
 PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                    STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
                                                              22
Page 23
PUBLIC EXPOSE 2025




CONTINUING THE                                                     MORE STRATEGY
                                   Focus on maximizing asset productivity through improved business fundamentals
          M                        and continued investment in customer experience.



                                     Drive cost and cash optimization by streamlining operations, improving
          O                          productivity, and transforming logistics efficiency.



                                      Drive brand rejuvenation through digital acceleration, impactful marketing, and
           R                          stronger connections with the next generation of consumers.



                                    Empower our people and enhance organizational capability to be the leader of
             E                      Indonesia’s F&B with purpose social impact and customer connections.

                                                                                                                        NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY
Page 24
PUBLIC EXPOSE 2025




THANK
YOU
                                                                   NOVEMBER 2025
       PT SARIMELATI
      PIZZA HUT GLOBAL KENCANA     TBK | PIZZA HUT INDONESIA
                         STRICTLY CONFIDENTIAL—INTERNAL USE ONLY

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Names mentioned 8 people and organisations named in the text · linked when the evidence is strong

linked org SARIMELATI KENCANA TBK p.1 ×11
linked org PT Sriboga Raturaya p.4
linked person Jeo Sasanto p.6
linked person Budi Setiawan p.6
unresolved org PT SARIMELATI PIZZA HUT GLOBAL KENCANA p.1 ×17
unresolved org PT Sarimelati p.4
unresolved org Seriously Kencana Tbk p.4
unresolved org Current Portion LTD p.11

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