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PUBLIC EXPOSE
PRESENTATION
PT ALKINDO NARATAMA Tbk
June 12, 2025
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Disclaimer The information contained in this presentation material has been taken from sources which we deem reliable. However, none of PT Alkindo Naratama Tbk and/or its affiliated companies and/or their respective employees makes any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied) of PT Alkindo Naratama Tbk, its affiliated companies and their respective employees whatsoever and howsoever arising (without limitation for any claims, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this presentation material and neither PT Alkindo Naratama Tbk, its affiliated companies or their respective employees accepts liability for any errors, omissions or misstatements, negligent or otherwise, in the presentation material and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. The information contained in this presentation material is not be taken as any recommendation made by PT Alkindo Naratama Tbk or any other person to enter into any agreement with regard to any investment mentioned in this document. This presentation material is prepared for general circulation It does not have regards to the specific person who may receive this presentation material In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice.
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Table of Contents Company Overview - ALDO in Brief 01 ALDO’s Business - Paper 02 ALDO’s Business - Chemicals 03 2024 Performance 04 ESG, Awards, Certifications 05
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COMPANY OVERVIEW ALDO in Brief
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Business Group
PT Alfa Polimer Indonesia (ALFA)
Manufacturer and distributor for water-based
Chemical polymer and specialty chemicals for a diverse
PT Alkindo Naratama Tbk (ALDO) Paper
industrial application
Business (Acquired in 2013)
Packaging Manufacturer
(Established in 1989)
Business
PT Eco Paper Indonesia (ECO)
PT Swisstex Naratama Indonesia (Swisstex)
Market and distributor for textile chemical products
(Acquired in 2011) PT Alkindo Naratama Tbk
Integrated Paper & Chemicals Solution Provider
(Listed in IDX since 2011)
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Business Model & Industry Value Chain
ALDO Group strive to look for
new opportunities in the market
Wood, Furniture, Coating
Industry, etc.
through the synergy of
Sole distributor
To distribute Textile Dyes and Chemicals to
Paper and Chemical Business.
and agent for
PT Swisstex Naratama In the future, ALDO Group
Also supplies Indonesia expect future growth driver from
Water-based Produces Distributed to
Polymer as
FMCG and F&B industry through
Textile Industry
adhesive and Alkindo’s Papercore, Paper Bag,
coating to Paper Tube
and Paper Box products as well as
Supplies Paper Box & Paper Bag for ECO’s Brown Paper.
Supplies Water-based Polymer
as adhesive and coating to Online F&B Ordering
PT Alfa Polimer PT Alkindo Naratama Produces
Indonesia Indonesia Tbk
Produces film packaging to Packed into
Also distributed to Distributed to
Also supplies Distributed to
Water-based
Polymer as Papercore Textile Packaging
Produces Production waste
adhesive and collected in Industry
coating to
Also distributed to Manufactures
PT Eco Paper Brown Paper
Indonesia Distributed to
PT Logistik FMCG Industry
Naratama Indonesia
Corrugator Industry Corrugated Box
Supplies Old Corrugated
Containers (OCC) to Production waste collected in
Recycled Waste
Collection Legend: ALDO Group Target Industry
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Innovation Roadmap Journey
Rights Issue II
PM2 Commissioning
Acquisition of 48% share of FY23 capacity would be
PT Alkindo Naratama Acquisition of 51% share of Acquisition of 99% share of PT Swisstex Naratama 220,000MT (ECO)
Established in Bandung PT Swisstex Naratama PT Eco Paper Indonesia (ECO) Indonesia (Swisstex)
Indonesia (Swisstex) Groundbreaking of Solar Panel
Production line:
PaperTube Listed in IDX Rights issue I through the share Acquisition of 48% share of New F&B products launched
(Ticker : ALDO) placement mechanism (inbreng) PT Alfa Polimer Indonesia (ALFA) (PaperCup, Bowl, Bucket)
2007 2011 2013 2019 2020 2021 2022 2023 2024
SNI established
PT Logistik Naratama
Indonesia (LNI)
General goods
transportation service
New production line: Acquisition of 99% share of New Production line: New product:
PaperCore, Honeycomb, PT Alfa Polimer Indonesia (ALFA) PaperBox & PaperBag Hexa Wrap
Edge Protector
Obtaining green loan from
HSBC and BCA (ECO)
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Group and Shareholders Structure
Group Structure Shareholder Structure
Willy Soesanto Erik Sutanto
(Director) (Director)
1.69% 0.89%
Herwanto Sutanto
(Founder - Director)
PT Alkindo Naratama Tbk (ALDO) 1.82% Public
Integrated Paper & Chemicals Solution Provider 3.12%
Lili Mulyadi Sutanto
25.44%
(Founder - Commissioner)
99% 99% 99%
PT Swisstex Naratama PT Alfa Polimer PT Eco Paper
Indonesia (Swisstex) Indonesia (ALFA) Indonesia (ECO)
Distributors of textiles Manufacturer of water- Manufacturer of recycled
dyes & chemicals based polymer brown paper
PT Golden Arista International
Other shareholders: Other shareholders: Other shareholders: (Founding Company)
Herwanto Sutanto (1.00%) Very Budiawan (1.00%) Herlambang Putra Surjadi (1.00%)
67.04%
As of December 2024
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Our Management Team
Board of Commissioners
Lili Mulyadi Sutanto Erik Sutanto Meigi Sonnata Widjaja
President Commissioner Commissioner Commissioner
(Founder)
In addition to his busy activities in Has worked in several companies in the
Has 30+ years of experience in Paper marketing, operations and information field of Finance & Accounting. Was
business which led him to establish systems, he also often provides appointed as a Commissioner since
ALDO as Packaging business. Was motivations in the Company’s internal 2022. He will oversee the Department of
appointed as President Commissioner events. Was appointed as Commissioner Finance, Accounting & Tax.
since 2011. since 2022.
Directors
Willy Soesanto Kuswara
Herwanto Sutanto
Director Director
President Director
(Co-Founder) Has been a Director in PT Alfa Polimer Experience as an auditor led him to work
Indonesia, a subsidiary since 2013. He in accounting and finance in several
Has 18+ years of experience in a
was appointed as a Director since 2022. companies. Was appointed as a Non-
multinational company in the field of
He focuses on the production and Affiliated Director since 2011. He is
Textile Chemistry led him to join Mr. Lili
operation of the Company. Finance Director and Corporate
to establish ALDO. Was appointed as
Secretary of the Company.
Managing Director since 2011.
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Locations
PT Eco Paper
Indonesia (ECO)
Padaasih, Cibogo, Subang
West Java, Indonesia
PT Alkindo Naratama Tbk (Alkindo)*
Jl. Industri Cimareme, Cimerang,
Padalarang, West Bandung, Indonesia
PT Alfa Polimer Indonesia (ALFA)
Jl. Industri Cimareme, Cimerang,
Padalarang, West Bandung, Indonesia PT Swisstex Naratama
Indonesia (Swisstex)
Jl. Terusan Pasirkoja, Bandung, Indonesia
*Alkindo has 2 different sites in Cimareme Industry Complex
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Markets
United States
Pakistan Legends:
Bangladesh Alkindo
United Arab Emirates
Guatemala Thailand Swisstex
Vietnam ALFA
Sri Lanka
Ethiopia Malaysia Phillippines
Nigeria ECO
Singapore
Kenya
Indonesia
Key Customers New Zealand
FMCG CORRUGATOR FLEXIBLE PACKAGING NON-TEXTILE FILAMENT
FURNITURE HEXA WRAP TEXTILE
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ALDO’s BUSINESS Paper Sector
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Alkindo’s Products
Papercore
PaperCore is a bobbin for
plastic film, paper, cloth,
and foil Yarn PaperTube
PaperTube is a bobbin for
different types of yarn that
produced in various diameter
sizes, thicknesses, and lengths
Edge Protector
Hexcell Honeycomb
The Edge Protector is a sheet of
Honeycomb is cardboard paper that is produced through a
shaped like a honeycomb certain process to make it solid
texture, used as a substitute like wood, used as corner
product for interiors and protector for fragile products
furniture made from wood
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Latest Products
PaperBox PaperBag
A packaging made of Paper Bag is bag made of
paper that can be used as recycled paper which are
a container for food, commonly used as shopping
medicine, cosmetics, and bags and packaging
others
Hexa Wrap PaperCup, PaperBowl,
PaperBucket
Completely paper based Made from FSC materials
made of 100% brown paper certified for serving F&B
with FSC certified, Offer items, they are lightweight,
cushioning and product easy to carry, and can be
protection, lightweight, and disposed responsibly
cost effective
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ECO’s Products
ECO is one of the developing manufacturer of industrial paper in Indonesia that
produces a wide range of paper products with the environment-friendly concept
that uses waste paper products as its raw materials. By not using virgin pulps, the
company recycles used cardboards into various industrial paper products.
Kraft Liner
Kraft liner is paper or paperboard produced from recycled paper
produced in the kraft process (paper food box, paper bag, etc).
Eco Board
Eco board is an environmental friendly alternative to MDF, OSB or
fiberboards, that does not release nor contain formaldehyde toxin
(stationary, card, etc).
Core Board
Core board is another type of kraft paper which is broadly used for
making high quality cores (papercore, papertube, etc).
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ALDO’s BUSINESS Chemicals Sector
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Textile Chemicals Products Distributed by Swisstex Swisstex is an agent and distributors of textile dyes and chemicals for ARCHROMA whose marketing areas all over Indonesia. Swisstex is a textile dyes and textile chemicals distributor for: Archroma (previously Huntsman), a major global chemical company. Textile chemical products distributed by Swisstex are Novacron, Terasil, Novasol, Lyoprint, Albatex, Eriopon, Uvitex which is mainly textile dyes for all major fibers, including cotton, polyester, wool, nylon, silk and acrylic. The application is used for apparel, home textile, and sportswear.
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ALFA’s Products ALFA specializes in manufacturing water-based polymers for a diverse industrial application. Relentless strive for innovation and attention to detail has made ALFA’s products to be a market leader for many applications ALFA manufactures three main registered trademark water-based polymer products, which are ALFACHEM®, ALFABOND®, and ALFACOAT®. ALFA’s water-based polymer products are used by Wood, Paint, and Roof Coating industries.
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2024 PERFORMANCE
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Summary of FY24 Performance
Sales (IDR Bn) 24-23 Net Income
7%
14%
Sales by Product
2023 2024
Paper Paper Converting Chemical Polymer
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Summary of FY24 Performance
Assets (IDR Bn) Liabilities (IDR Bn) Equity (IDR Bn)
2023 2024
2023 2024 2023 2024
1020 1027
2047 942
1752 810
RATIO 2023 2024
Gross Margin 13,8% 12,9%
Net Income Margin 0,2% -0,5%
ROA (Return on Asset) 0,2% -0,4%
ROE (Return on Equity) 0,3% -0,8%
Current Ratio 128,9% 123,4%
DER (Debt to Assets Ratio) 53,8% 49,8%
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ESG, Awards, etc.
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ESG Initiatives Aligned with UN Sustainable Development Goals (SDGs) Environmental Social Governance 100% of products made from Employee training program Implementation of GCG, recycled paper (2,095 training hours) transparency, accountability Energy and water efficiency Community empowerment Code of ethics and respect Use of renewable energy & through CSR for human rights emission reduction Gender balance in the Strategic partnerships with FSC certification for raw workplace government and materials Job creation and inclusive environmental bodies Waste recycling and sorting work environment systems
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Certifications, Awards & Achievements
Certification from Forest Stewardship Council (FSC)® Timber Legality Verification System (SVLK) Certification
ALDO got the ECO got the ECO is certified for
Certification from Certification from purchasing of recycled
Forest Stewardship Forest Stewardship papers for
Council (FSC®), Council (FSC®), manufacturing and
SGSHK-COC-440104 SGSHK-COC-40008 sales of paper products
valid until 2029. (FSC valid until 2026. (FSC until Dec 2029
License Code FSC- License Code FSC-
C195248) C132802)
Certification for ISO 9001:2015 Halal Certification from MUI
ALDO is certified for ALDO products are
ISO 9001:2015 from certified for Halal
KAN and ANAB, valid issued by MUI
until March 2026. (Indonesian Council
of Muslim Scholars),
valid until August
2028
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Certifications, Awards & Achievements
Award from Warta Ekonomi Indonesia Awards from Forbes Indonesia
Special Mention for Very Good Financial Performance in The 50 Best Companies 2019 Best of the Best Awards:
categories: Basic Industry and Chemical in 2018 Forbes Asia’s 200 Best Under A Billion 2019 The 50 Best Companies 2021
Award from Investor Magazine Indonesia
Best Listed Company 2021 Forest, Pulp, and Paper Sector Best of the Best Awards: ALDO’s Article on Forbes Indonesia’s
The 50 Best Companies 2021 Best of the Best Awards 2022
PT ALKINDO NARATAMA TBK
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How ALDO Benefit Customers
Competitive Price Lightweight Material
01 Offers high quality products with Brown paper is lightweight, 04
competitive price helping reduce shipping costs
Attractive Design Firm Structure
02 Attractive design can attract The structure is flexible, yet 05
attention and make unboxing firm enough to protect the
experience more exciting goods inside
Sustainable Packaging Customizable
03 Our products made from The size, shape and printing on 06
recyclable brown paper with the box can be customized to
FSC® certified suit the customers need
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Why Invest in ALDO?
01 02 03 04
Integrated Future Growth from Environmentally- Another Door of
Business Synergy Paper Business friendly Product Opportunity
ALDO is an integrated provider Driven by growing sustainability Made from waste paper, ALDO’s Chemical Business
of paper and chemical solutions, demands, ALDO’s Paper recycled brown paper is an eco- actively responds to changing
supported by subsidiaries that Business is tapping into future friendly choice for sustainable consumer needs, aligning with
strengthen the Group’s value growth by focusing on the high- packaging solutions the latest market trends to seize
chain and industry focus potential FMCG and F&B new opportunities
sectors
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PT ALKINDO NARATAMA TBK Phone 62 (022) 6868 300 Email Investor.relations@alkindo.co.id Website www.alkindo.co.id Location Cimareme, Padalarang, West Bandung Regency, West Java Indonesia – 40553
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