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PT JAPFA COMFEED INDONESIA Tbk
PUBLIC EXPOSE
Jakarta, 3 September 2025
Pertumbuhan yang Kuat dan Berkelanjutan
Sustainable and Strong Growth
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Daftar Isi Company Overview Operational Performance Financial Highlights Challenges & Strategies Appendix
Page 3
Company Overview
Page 4
An Introduction to Japfa Tbk
Vertically One of the largest poultry players in Indonesia with net sales of Rp27.5 trillion and EBITDA of
integrated Rp2.73 trillion as of 30 June 2025
poultry
company, Listed on Indonesia Stock Exchange for over 35 years with market cap of Rp17.8 trillion as of 30
focused on June 2025.
Indonesia Focus on Indonesia, an attractive animal protein market with high growth potential.
▪ Japfa has maintained a solid market over the past 54 years of operations.
Market leader ▪ Economies of scale providing advantages in terms of raw material purchases and cost efficiencies.
with high growth ▪ Deep geographical reach to be closer to customer base and raw material suppliers.
rate ▪ Strong historical net sales CAGR growth of 9.32% from 2015-2024.
▪ Japfa has the second largest market share for poultry feed and DOC in Indonesia.*
* Analisis Frost & Sullivan, Data 2021
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Core Competencies Across the Value Chain
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Poultry Contributes Bulk of Revenues and Feed is Core Pillar of
Profitability
FY23 Sales Contribution Per Business Segment FY24 Sales Contribution Per Business Segment
Trading and Others: 4%
Trading and Others: 4% (include cattle)
(include cattle) Aquaculture: 6%
Aquaculture: 6%
Poultry Processing
Poultry Processing and and Consumer
Consumer Products: Products: 10% Poultry Feed:
10% Poultry Feed: 39%
41%
Commercial Commercial
Farm: 32%
Farm: 31%
Poultry Breeding: 9%
Poultry Breeding: 8%
Poultry: 90% of total Poultry: 90% of total
Total FY23 Sales: Rp. 80.7 Trillion Total FY24 Sales: Rp. 85.6 Trillion
Diversified business with a clear focus on the poultry sector given our expertise and poultry industry dynamics
Note: The % sales contribution from operational segments shown above are based on gross sales, which exclude elimination adjustment between segments
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Poultry Contributes Bulk of Revenues and Feed is Core Pillar of
Profitability
1H2024 Sales Contribution Per Business Segment 1H2025 Sales Contribution Per Business Segment
Trading & Others: 4% Trading & Others: 5%
(include cattle) (include cattle)
Aquaculture: 5%
Aquaculture: 5%
Poultry Processing &
Consumer Products: Poultry Processing &
10% Poultry Feed: Consumer Products:
40% 11%
Poultry Feed:
39%
Commercial Commercial
Farm: 31% Farm: 31%
Poultry Breeding: 9%
Poultry Breeding: 10%
Poultry: 91% of total Poultry: 90% of total
Total 1H2024 Sales: Rp42.9 Trillion Total 1H2025 Sales: Rp42.4 Trillion
Diversified business with a clear focus on the poultry sector given our expertise and poultry industry dynamics
Note: The % sales contribution from operational segments shown above are based on gross sales, which exclude elimination adjustment between segments
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Operational Performance
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Flashback 2024 In 2024, both the global and national economies faced significant challenges. Geopolitical tension in Europe and the Middle East placed substantial pressure on the global economy, which, in turn, impacted Indonesia’s economic landscape. Furthermore, 2024 was a year of political transition for Indonesia, with the change in national leadership, prompting many business players to adopt a cautious, wait-and-see approach. Despite the global economic slowdown, Indonesia’s economy demonstrated relatively robust growth of 5.03%. This was primarily driven by household consumption and exports, particularly of natural resources. Nevertheless, consumer purchasing power showed a declining trend, as evidenced by four consecutive months of deflation. This decline in purchasing power posed a significant challenge to the livestock industry. Demand for animal protein products showed no meaningful growth throughout 2024 with intensified competition across the industry. Furthermore, the industry grappled with raw material shortages, particularly of corn, due to a prolonged drought in Indonesia. There was also an oversupply of Day-Old-Chicks (DOC) which caused ongoing fluctuations in live bird prices. As an integrated livestock producer, the Company took steps to strengthen synergy and collaboration among its business units to enhance its competitive edge. The Company also remained focused on implementing efficiency programs in various fields to maintain its profitability, leveraging information technology to enhance the Company’s production and operational processes.
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Flashback 1H2025 The Central Statistics Agency (BPS) recorded Indonesia's cumulative economic growth in the first half of 2025 at 4.99 percent. This was slower than the 5.08 percent growth recorded in the same period the previous year. The World Bank projects Indonesia's economic growth at 4.7% in 2025, a 0.4 percentage point decrease from its previous prediction. While this figure is low, the World Bank still estimates a slight increase to 4.8% in 2026 and 5% in 2027. By 2025, approaching the peak of the demographic bonus, the International Monetary Fund (IMF) in its April 2025 World Economic Outlook recorded Indonesia's unemployment rate at 5%. This figure is up from 4.9% in 2024 and is predicted to continue rising to 5.1% in 2026. Indonesia is now ranked seventh in Asia and first in Southeast Asia. In order to address weakening purchasing power, the Company continues to strive for innovation and efficiency to increase competitiveness in the industry. The company is expanding the penetration of processed poultry products from the poultry processing and consumer products division. Product innovation remains focused on offerings that meet market demand. The company is also expanding the quality and variety of products sold. The Company continues to increase the absorption of live chickens that are slaughtered and processed at its own Poultry Slaughterhouse (RPA) facilities. The Company continued to enhance its digitalization program in both production, as well as marketing and administration processes to achieve optimal cost efficiency.
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Japfa Sustainability Journey
Participated as a road tester in the Japfa Tbk received an SLL
The standalone
Social LCA/SLCA Project initiated by the from BNI valued at IDR 1.42
sustainability report was
Sustainability has been at United Nations Environment Life Cycle trillion. Japfa Group sets
issued to prominently
the core of our operations Initiative and Social LC Alliance to Sustainability Targets and
showcase our
since the Company’s assess our contribution to our poultry Japfa is committed to
sustainability efforts in
inception farmer partners support these targets
our operations
The process of The Sustainability Committee was Issued the world’s • Sustainability-Linked Bond
sustainability monitoring established • Japfa Group sets
first SLB for agri-food (SLB) Completion
and reporting was Sustainability
The Sustainability Strategy Plan industry and the first • Improving System and
initiated for 2019-2021 was developed Action Plans
USD denominated in Data of JSRS
Launched Japfa Sustainability South- East Asia • Enhancing Japfa • Completion of Climate
Reporting System (JSRS) Commenced and Sustainability Scenario Analysis (CSA)
Initiated a preliminary crade-to- developed a supplier Reporting System • Japfa Day 2024
gate LCA study for poultry survey on (JSRS)
operations sustainability
practices
Our mission to be a leading dependable provider of affordable protein foods is aligned to the United Nations Sustainable Development
Goal (SDG) No.2: Zero Hunger
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Financial Highlights
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Financial Highlights
NET SALES PROFIT FROM OPERATIONS
(in IDR Trillion) (in IDR Trillion)
27.65 27.48
2.65 2.10
1H2024 1H2025
1H2024 1H2025
PROFIT FOR THE YEAR ATTRIBUTABLE TO OWNERS
EBITDA OF THE PARENT
(in IDR Trillion) (in IDR Trillion)
3.22 2.73 1.48 1.24
1H2024 1H2025 1H2024 1H2025
Note: Based on the Company’s Financial Statement as of 30 June 2025
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Financial Highlights
TOTAL ASSETS NET DEBT/EQUITY
(in IDR Trillion)
77.29%
60.40%
36.11 36.37
1H2024 1H2025
1H2024 1H2025
CAPITAL EXPENDITURE (CAPEX)
(in IDR Trillion)
0.93
0.72
1H2024 1H2025
Note: Based on the Company’s Financial Statement as of 30 June 2025
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Challenges & Strategies
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Challenges and Strategies Challenges 1. The decline in domestic consumer purchasing power due to business closures, weakening business activities, and layoffs across various industries. 2. The import tariffs imposed by the United States on all its trading partners will weaken global trade activities and the world economy. 3. Geopolitical tensions, particularly the ongoing conflicts between Russia-Ukraine and in the Middle East, continue to disrupt the global economy and supply chains. 4. Inflationary pressures and global economic uncertainty have led central banks worldwide, including Bank Indonesia, to maintain high interest rates, keeping the cost of private investment borrowing elevated. 5. The weakening of the Rupiah exchange rate has increased the cost of imported raw materials and import- related debt payments, which weakens the Company’s profitability.
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Challenges and Strategies Strategies 1. Remain focused on continuously optimizing its core business in the poultry, aquaculture, and livestock sectors, starting from feed, breeding, commercial farming, animal health, and other related segments. 2. Continue to strengthen its downstream businesses through expansion and development of processed livestock products and consumer goods, by pursuing innovation and product differentiation. 3. Further enhance collaboration, integration, and synergy with all parties across the supply chain and value chain, including suppliers, partners, customers, communities, as well as other stakeholders. 4. Continue its efforts to increase product penetration while actively conducting educational initiatives on the importance of animal protein for health, align with the Government’s programs to reduce malnutrition and stunting, also will support the Free Nutritious Meal (MBG) program. 5. Remain focused on driving innovation and digitalization to improve productivity and efficiency in both production and operations, including administration, across all business segments. 6. Remain prudent in executing capital investments (capital expenditures/capex) and consistent in applying responsible financial management and cash control practices. The Company will also maintain leverage at a safe level to anticipate major business risks and potential negative impacts.
Page 18
Appendix
Page 19
The Company’s Operational Areas
Penggemukan Sapi
Lampung
Beef Cattle Feedlot
Unit Rumah Potong Hewan dan
Pengolahan Daging Sapi Serang
Abattoir and Meat Processing Unit
Pabrik Karung Plastik
Wonoayu-Sidoarjo
Plastic Bag Factory
Pabrik Pelet Kopra Ekstraksi
Surabaya
Copra Pellet Extraction Plant
Pabrik Vaksin Hewan Gunung Putri-Kab. Bogor (2), Yên Mŷ - Hu'ng
Animal Vaccine Factories Yên (Vietnam)
Unit Kesehatan Hewan dan Peralatan
Kandang
Klapanunggal-Kab. Bogor
Animal Health and Livestock Equipment
Unit
Pabrik Premix
Cikarang
Premix Plant
Pabrik Pakan Ikan dan
Deli Serdang, Lampung Selatan, Purwakarta,
Pakan Udang
Gresik, Banyuwangi
Aquafeed Mills
Pembibitan Udang/Shrimp Hatcheries: Pidie
Jaya, Bangka Barat, Lampung Selatan,
Serang, Carita, Indramayu, Rembang,
Pembibitan Udang dan Tambak Udang Banyuwangi, Buleleng, Jembrana, Sumbawa,
Pabrik Pakan Ternak Medan (2), Padang, Lampung, Cikande-Serang, Tangerang, Purwakarta, Cirebon (2),
Shrimp Hatcheries and Shrimp Farms Barru
Poultry Feedmills Grobogan, Sragen, Buduran-Sidoarjo, Gedangan-Sidoarjo, Banjarmasin, Makassar
Pengeringan Jagung Tambak Udang/Shrimp Farms: Situbondo
Lampung Tengah (2), Lampung Timur (2), Lampung Selatan (2), Brebes, Sumbawa (2),
(Di Luar Pabrik Pakan Ternak) (2), Banyuwangi (1)
Bima, Makassar, Gowa, Sidrap, Gorontalo Utara, Kotamobagu
Corn Dryer Facilities (Outside Feedmills)
Medan, Lampung, Cikupa-Tangerang, Parung-Bogor, Sadang-Purwakarta, Pemalang, Pembibitan Ikan Air Tawar/Freshwater Fish
Rumah Potong Ayam Hatcheries: Karawang, Situbondo, Banjar,
Pabelan-Salatiga, Magelang, Yogyakarta, Boyolali, Krian-Sidoarjo, Wonoayu-Sidoarjo, Pembibitan Ikan Air Tawar dan
Slaughterhouse Tanah Laut
Tabanan-Bali, Bati-Bati-Banjarmasin, Makassar Tambak Ikan
Poultry Cold Storage (Di Luar RPA/Outside Palembang, Pattimura-Lampung, Tiga Raksa-Tangerang Selatan, Karang Anyar-Surakarta, Freshwater Fish Hatcheries and
Slaughterhouse) Mojokerto Fish Farms Tambak Ikan/Fish Farms: Simalungun,
Situbondo, Banyuwangi (2)
Unit Pengolahan Daging (SGF)
Cikupa-Tangerang, Boyolali (3), Wonoayu-Sidoarjo
Meat Processing Unit (SGF) Pabrik Pengolahan Hasil Ikan
Unit Pengolahan Susu (SGF) dan Udang Simalungun, Cirebon, Banyuwangi
Boyolali
Milk Processing Unit (SGF) Fish and Shrimp Processing Plants
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The Company’s Operational Areas
FARM PBD-JAPFA
Bandar Masilam (1,2,3), Tiga Panah, Senembah TMH,
Tambang, Kampar, Tapung(1,2), Toapaya, 2X11 Kayutanam,
Lubuk Basung, Mestong, Gelumbang (1,2), Kelekar, GP
Payaraman (1,2), Gisting (1,2) Tanjung Bintang, GP
Tegineneng, Petir, Darandang (1,2), Bojong (1,2), Cipunegara
(1,2,3), Nagrak (1,2), Kalapanunggal (1,2), Cimerak,
Nyalindung, Jampang Tengah, Sukatani, Parung Kuda, GP
Wanayasa (1,2), GP Kiara Pedes (1,2), GP Bojong, Belik,
Wonosegoro, Puncakwangi, Ngaringan, Sale, Margasari,
Purwodadi (1,2), Purwosari (1,2), Singosari, Pungging, Grati
(1,2,3,4), Wonosalam (Sewa), Wongsorejo, Dampit, Tutur, GP
Ngajum, Pupuan (1,2), Toho, Tambang Ulang (1,2), Loa
Janan, Sepaku, Pangkalan Banteng, Tompobulu (1,2),
Tanralili, Mattiro Bulu, Kauditan.
HATCHERY PBD-JAPFA
Htc. Seulimeum, Htc. Tanjung Morawa, Htc. Bandar Masilam,
Htc. Tambang, Htc. Teluk Bintan, Htc. 2x11 Kayu Tanam, Htc.
Mestong, Htc. Gelumbang, Htc. Bumi Ratunuban, Htc. Kronjo,
Htc. Cipunagara (1,2), Htc. Parungkuda, Htc. Sucinaraja, Htc.
Wanayasa, Htc. Tengaran, Htc. Rawalo, Htc. Cepiring,
Htc.Wonorejo, Htc. Purwoasri, Htc. Baturiti, Htc. Melaya, Htc.
Pringgabaya, Htc. Anjungan, Htc. Bati--Bati, Htc. Pangkalan
Lada, Htc. Loa Janan, Htc. Tanralili, Htc. Palu Utara, Htc.
Kauditan.
Page 21
Thank You
Page 22
PT JAPFA COMFEED INDONESIA Tbk
PUBLIC EXPOSE
Jakarta, 3 September 2025
Pertumbuhan yang Kuat dan Berkelanjutan
Sustainable and Strong Growth
Names mentioned 4 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Indonesia Stock Exchange
p.4
unresolved
org
Bank Indonesia
p.16
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