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Page 1
PT JASA ARMADA INDONESIA TBK




     UPLIFTING THE DERIVATIVE BUSINESS




                                         JAKARTA, 9 SEPTEMBER 2025
Page 2
Experienced Management Team
Our Board of Commisioners

    RR Dewi Ariyani                                                                                           F Budi Prayitno
    President Commissioner                                                                                    Commissioner
    Has Served As:                                                                                            Has Served As:
    • Commissioner PT Jasa Armada Indonesia                                                                   • Independent Commissioner of PT Jasa Armada Indonesia Tbk
    • Performance Analyst at the Ministry of State-Owned Enterprises                                          • Head of Legal Bureau at The Ministry of Transportation
    • Commercial Director of PT Reasuransi Indonesia Utama (Persero)                                          • Dewan Pengawas BLU Politeknik Ilmu Pelayaran – Makassar

    Earned a Masters in Accounting from the University of Indonesia and a                                     Indonesian citizen, born in Jakarta in 1968. He holds a Master Degree
    Bachelor's degree in Accounting from General Sudirman University,                                         specializing in Air Transport Management, Ecole National de l’Aviation
    Purwokerto.                                                                                               Civile (ENAC), Toulouse-France, in 2003 and a Bachelor Degree in
                                                                                                              International Law from Diponegoro University in Semarang, in 1991.




                                                                                                              Doni Istyanto Hari Mahdi
    Mitchell Julius Tupamahu                                                                                  Independent Commissioner
    Independent Commissioner
                                                                                                              Has Served As:
    Has Served As:                                                                                            • Financial Director of PT Tirta Kahyangan Nirankara
    • Parliament Expert                                                                                       • Senior Partner of PT Hutama Mandiri Karya
    • Humas and Personal Manager di PT Nyonya Meneer                                                          • Senior Partner of ADN Consult Surabaya
    • Legal Plant Property Acquisiton di PT Excelcomindo Pratama
                                                                                                              Indonesian citizen, born in Surabaya in 1972. Holds a bachelor’s degree in
    Indonesian citizen, born in Jakarta in 1962. Obtained a bachelor’s degree                                 Industrial Engineering and Management from Adhi Tama Institute of
    in law from Pancasila University in 1993.                                                                 Technology Surabaya (ITATS), Investment Manager Representative
                                                                                                              License (WMI) from BAPEPAM RI.




                                                                         9 Sept 2025 | Public Expose | IPCM
Page 3
Experienced Management Team
Our Board of Directors




                     Shanti Puruhita                                   Arief Hermawan                                  Dessy Emastari
                     President Director                                Director of Fleet                               Prihatiningtyas
                     concurrently as Director                          Management and                                  Director of Finance, HR, and
                     of Commercial and                                 Operation                                       Risk Management
                     Business Development




More than 20 years of experience in the port    More than 20 years of experience in the port      More than 20 years of experience in the port
business at the Pelindo Business Group.         business at the Pelindo Business Group.           business at the Pelindo Business Group.

Has Served As:                                  Has Served As:                                    Has Served As:
• EVP Corporate Secretary of PT Pelabuhan        • Group Head of Ship Services PT                 • Group Head of Human Capital Management
  Indonesia II (Persero).                          Pelabuhan Indonesia (Persero)                    at PT Pelabuhan Indonesia (Persero)
• VP Institutional Relations of PT Pelabuhan     • SVP Business Planning and Development          • Director of Finance & Human Resources at PT
  Indonesia II (Persero)                           PT Pelabuhan Indonesia I (Persero)               Indonesia Kendaraan Terminal Tbk
• Commercial Director of PT Pengembangan         • SVP Marketing PT Pelabuhan Indonesia I         • President Director PT Energi Pelabuhan
  Pelabuhan Indonesia.                             (Persero)                                        Indonesia

Master’s degree in Logistics from Kuhne          Obtained his bachelor’s degree from the          Master of Commerce Degree from the
Logistics University in Germany, and a           Academy of Seafaring Sciences in 1994            University of Queensland, Australia and a
Bachelor of Law from Airlangga University,                                                        Bachelor of Economics in Accounting from
Surabaya.                                                                                         Airlangga University in Surabaya.

                                                             9 Sept 2025 | Public Expose | IPCM
Page 4
 IPCM at a glance
    Introduction                                                               IPCM ownership structure:


PT Jasa Armada Indonesia Tbk, branded as
IPCM, is a prominent Indonesian company
specializing in maritime services. Established in
1960 as a subsidiary of PT Pelindo Jasa Maritim,
IPCM offers pilotage and towage services to
ensure the safe and efficient movement of
vessels in various maritime sectors, including
public ports, offshore oil and gas operations,
and inland waterways .




                                          9 Sept 2025 | Public Expose | IPCM
Page 5
9 Sept 2025 | Public Expose | IPCM
Page 6
IPCM   OperationalAreasBasedonCooperationScheme




                    24
                    TOTAL


                                    11                     7                     6
                                          Pelindo                 Offshore and
                                                                  Specialized        Joint
                                          Regional II
                                                                   Terminals         Operation
                                          public
                                                                   (BUP JAI)
                            Areas         ports
                                     9 Sept 2025 | Public Expose | IPCM
Page 7
OperationalPerformanceof IPCM ‘sAreas Q2 2025
Tanjung Pandan Port
Pangkal Balam Port
                                                           Pontianak Port
                                                           & Terminal Kijing                                                Teluk Weda, Halmahera Tengah,
                                                                                                         Tarakan Port,      Maluku Utara
Meulaboh                                                                                                 Kalimantan Utara
                                                                                                                                Tersus PT Trimegah Bangun
Prov. Aceh                                                                                                                      Persada, Laiwui, Halmahera
                                                                                                                                Selatan, Maluku Utara)
Jambi Port


Teluk Bayur Port

Palembang Port
STS Ambang Luar                                                Tanjung Priok Port
Sungai Musi – Palembang

Bengkulu Port
Panjang Port
                                                               Cirebon Port                                                 TUKS PLTU Kanci I dan
Banten Port                                                                                                                 Tersus Kanci II Cirebon – Jawa Barat
                                                         Pelabuhan Patimban, Subang
Tersus PT Cemindo Gemilang                                                                                                  Tersus PT Jawa Satu Power, Cilamaya
                                                         Tersus PT Nusantara Regas – Kep Seribu
Bayah

                             Pelindo & TUKS Q2 ’24 vs Q2 ‘25                          Tersus Q2 ’24 vs Q2 ‘25                         Pelindo + TUKS
   Pilotage Services
   (in Movement)                        +0,21%                                                      +22,93%                          Tersus

   Towage Services (GT)                 +4,76%                                                      +50,77%
   Revenue (Rp)                         +11,99%                                                     +24,01%
                                                                    9 Sept 2025 | Public Expose | IPCM
Page 8
Commodities Handled
                                                          PONTIANAK
                                                                                                                                     WEDA
MEULABOH
                                  TANJUNG PANDAN

TELUK BAYUR                                                                                                           TARAKAN
                                          PANGKAL BALAM

JAMBI

                                                          TANJUNG PRIOK                                                                LAIWUI
                                                                                                                                       -
BENGKULU
                                                          NUSANTARA REGAS
                                                                                                      PATIMBAN
PALEMBANG                                                 CEMINDO GEMILANG
                                                                                                      CIREBON

STS AMBANG LUAR MUSI                                                                                             JAWA SATU POWER
                       PANJANG

                                                                          KANCI 1 DAN 2
                                 BANTEN                                                                          Natural Resources          Manufacturing




                                                                      9 Sept 2025 | Public Expose | IPCM
Page 9
Performance Highlight
Financial Performance 2023 vs 2024 (YoY)
             Income                                                             Balance
            Statement                                                            Sheet



 18,14%           37,80%   5,82%                                        8,40%    28,14%   3,92%




                                   9 Sept 2025 | Public Expose | IPCM
Page 10
         Performance Highlight
      Financial Q2 2024 vs Q2 2025                                                             Financial FY 2024 vs Q2 2025
Billion Rupiah
                         Income                                                                                   Balance
     REVENUE            Statement                                                                                  Sheet
                                                                           Billion Rupiah
     + 19,25%                                                                             Total Assets
     vs previous Year
                                                                                          + 5,31%                                Total Equity
                                                                                          vs previous Year
                                                                                                                                 + 6,98%
                                                                                                                                 vs previous Year




                        EBITDA                                                                               Total Liabilities
                        + 25,24%           INCOME AFTER TAX
                                                                                                             - 0,69%
                        vs previous Year                                                                     vs previous Year
                                           + 15,02%
                                           vs previous Year




                                                              9 Sept 2025 | Public Expose | IPCM
Page 11
     Performance Highlight
  Financial Q2 2024 vs Q2 2025
 Billion Rupiah
                                                                          Revenue:
                                                                          Based on Market Segmentation (%)
Revenue:
Based on Type of Services


                                                                               36            40
                  +18,3%




                            +34,2%   +14,3%
                                                                               64            60




                                     9 Sept 2025 | Public Expose | IPCM
Page 12
Performance Highlight
Company's fundamental performance



                                                                                     Year          2020             2021       2022       2023          2024


                                                                             Revenue               696.56       820.16         980,17    1.138.54     1.345,03


                                                                             Net Profit            80.23        136.58         150.65    157.70        166.84
                                                                                                                                                 In Million Rupiah

                                                  Rp31,62
                                       Rp29,88
                            Rp28,55
                 Rp25,88



                                                                                            Year            2020       2021      2022     2023       2024
    Rp15.18                             7,92%     8,50%
                  6,81%     7,44%
                                                                             DPS (Rp)                       12.17      20.71     21.42    22.41      23.72
       4,74%                                      Rp23,72
                             Rp21,42    Rp22,41
                  Rp20,71
                                                                             Dividend Yield (%)             4.74       6.81      7.44     7.92        8.50
       Rp12,17

                                                                             EPS (Rp)                       15.18      25.88     28.55    29.88      31.62
      2020       2021       2022       2023       2024
                                                            9 Sept 2025 | Public Expose | IPCM
Page 13
IPCM Fleets
We are continuously improving our services by strengthening the pilot and tugboat fleet in IPCM's operational areas.




 OPERATING OVER

                      96
                                                                                           We are currently investing in the construction of
                                                                                            two new Azimuth Stern Drive (ASD) tugboats
                                   FLEETS



      30                 61                   5
                                                                                                     2X1600 HP          2X1200 HP
 PILOT BOATS           TUGBOATS         MOORING BOATS




                                                      9 Sept 2025 | Public Expose | IPCM
Page 14
Production Q2 2024 vs Q2 2025

                                Pelindo                                         Non Pelindo

                                       38.107
                       38.026                                                             10.041

                                                                            8.168
   PILOTAGE
    SERVICE                                                     +0,21%                                +22,93%
   (IN MOVEMENTS)



                         2024           2025                                 2024          2025


                                      643.869.197
                      614.589.862                                                       244.015.969

                                                                          161.049.550

                                                                 +4,76%
                                                                                                      +51,52%

    TOWAGE
    SERVICE
 (IN GROSS TONNAGE)     2024              2025                               2024         2025
                                    9 Sept 2025 | Public Expose | IPCM
Page 15
ESG Commitment
Environment




   Solar Panel      Shore Concection                             Harbour Generator




  Inventer Tech.   Biosolar B40
                                                           CSR Tree Planting, Coral, Reef Restoration,
                                                                 and Mangrove Conservation


                      9 Sept 2025 | Public Expose | IPCM
Page 16
ESG Commitment
Social & Governance




   Employee Development          Community Engagement                            Inclusion                           Labor Practice




                                                                                                              118,39
                                                                                                              Skor ASEAN Corporate Governance Scorecard
                                                                                                              (ACGS)
                                                                                                              Leadership in Corporate Governance
                                                                                                              Predicate (2024)
   Social and Humanitarian Aid       Qurban Donation                                 Free Homecoming Travel




                                                        9 Sept 2025 | Public Expose | IPCM
Page 17
Rabu 6 September 2023, Cilegon
  Banten, Pemadaman Kapal                                                 Jumat, , 23 Mei 2025. Pemadaman
Motor Penumpang (KMP) Mutiara                                                kebakaran kapal SB Rimata
           Berkah I                                                      Mentawai I milik Pemerintah Daerah
                                                                          Kepulauan Mentawai, Kapal Tuna
                                                                        Raja XXI, Kapal Tuna Samudra Jaya di
                                                                         TPI Bungus, Pelabuhan Teluk Bayur




                        IPCM Cares:
                        Swift Action in Assisting Ship Fire


                                     29 Desember 2023, Sunda Kelapa.
                                         Pemadaman Kapal PelRa




                                   9 Sept 2025 | Public Expose | IPCM
Page 18

          
Page 19
appendix
Port Sector : Pelindo’s Port Performance as of Q2 2025
port performance is strongly supported by IPCM through towage and pilotage services


               Ships                                                                                        Passengers

                                                       1% (YoY)                                                                               9% (YoY)
                                658 mio Gross Tonnage                                              Q2 ‘24                   9,9 mio Peoples
   Q2 ‘24

                                                                    668 mio                        Q2 ‘25
                                                                                                                                                             10,8 mio Peoples
                                                                         Gross
   Q2 ‘25
                                                                         Tonnage
          Driven by coal vessel traffic                                                             Key takeaway:      Driven by domestic passenger growth




               Containers                                                                                   Cargo

                                                     6% (YoY)                                                                                   1% (YoY)
 Q2 ‘24                       8,8 mio TEUs                                                         Q2 ‘24                96 mio Ton


 Q2 ‘25                                                          9,3 mio TEUs                      Q2 ‘25                                                      97 mio Ton


          Driven by key ports : Tanjung Priok, Tanjung Emas, Tanjung Perak                              Driven by key ports : Balikpapan, Tanjung Priok and Tanjung Emas


                                                                       9 Sept 2025 | Public Expose | IPCM

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Names mentioned 23 people and organisations named in the text · linked when the evidence is strong

linked org JASA ARMADA INDONESIA TBK p.1 ×6
linked person Dewi Ariyani p.2
linked person Doni Istyanto Hari Mahdi p.2
linked person Mitchell Julius Tupamahu p.2
linked person Shanti Puruhita p.3
linked — Pelindo Jasa p.4
linked org PT Cemindo Gemilang p.7 ×2
unresolved org Ministry of State-Owned Enterprises p.2
unresolved org Ministry of Transportation p.2
unresolved org PT Reasuransi Indonesia Utama (Persero) p.2
unresolved org PT Tirta Kahyangan Nirankara p.2
unresolved org PT Hutama Mandiri Karya p.2
unresolved person Meneer p.2
unresolved org PT Excelcomindo Pratama Indonesian p.2
unresolved org BAPEPAM p.2
unresolved org PT Indonesia II (Persero) p.3
unresolved org PT Pelindo Jasa Maritim p.4
unresolved org PT Trimegah Bangun Prov. Aceh p.7
unresolved org PT Jawa Satu Power p.7
unresolved org PT Nusantara Regas p.7

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