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Page 1
PUBLIC EXPOSE
FULL YEAR 2024
Page 2
                   SAMF at a glance
                        SHARE OWNERSHIP STRUCTURE                 ➢ PT Saraswanti Anugerah Makmur Tbk
              74,27%                                                (“SAM” atau “Perseroan”) was established
                                   10,61%            15,12%         in Sidoarjo in 1998. The Company’s core
           PT SARASWANTI
               UTAMA              FOUNDERS             PUBLIC       business is to manufacture and market a
                                                                    premium NPK fertilizer products.




                                                                  ➢ Currently the company focuses on non-
                   PT SARASWANTI ANUGERAH MAKMUR Tbk (SAMF)         subsidized fertilizer products with the main
                                                                    target being palm oil plantations.




                                                                  ➢ The company has an extensive production
                                                                    and sales network: 5 factories in 3 cities &
            95,45%               90,96%             93,24%          11 marketing offices throughout Indonesia.
            PT Dupan             PT Anugerah        PT Anugerah
         Anugerah Lestari        Pupuk Lestari     Pupuk Makmur

                                                                                                           2
Source : Company
Page 3
                   SAMF Factory Location




                                    MEDAN FACTORY I   MEDAN FACTORY II

                                                                                    SAMPIT FACTORY




                                           RIAU




                     TOTAL
                     5 FACTORIES

                     11 MARKETING
                        OFFICES
                                                         MOJOKERTO FACTORY I MOJOKERTO FACTORY II    3
Source : Company
Page 4
                   SAMF Fertilizer Products




                                              4
Source : Company
Page 5
                   Milestone

                                      Starting production      Starting production at                                                                Start investing in the      Investing additional
                                                                                              Starting production            SAM Go Public
                                       of NPK briquettes         Medan Factory &                                                                    addition of NPK Line 3       line at APM Factory
           SAM was founded                                      developing new NPK            of NPK Granules in                                     Machine at Mojosari
                                         for sugarcane                                                                                                                          and acquiring land in
                                                                products for cocoa,            Medan Factory II                                    Factory (DAL) of 100.000         Riau for factory
                                                                 coffee, rubber and                                                                tons capacity production          development
                                                                      palm oil




                   1998       1999          2000            2001         2004         2010            2015          2017           2020      2021         2022          2023         2024




                                                                                                                                           SAMF and SIG
                      Starting NPK production                                                                                         collaburation supports
                        (in the form of Tablet                                  Starting production          Starting production                                NPK Machine Line 3 at
                                                   Starting production          of NPK Granules in           of NPK Granules in       Fertilizer Development
                       Fertilizer) at Gedangan                                                                                                                  Mojosari Factory (DAL)
                                                   at Mojosari Factory           Mojosari Factory              Sampit Factory           Laboratory at AMG
                                Factory                                                                                                                           starts operating
                                                                                                                                               Tower

                                                                                                                                                                                                    5
Source : Company
Page 6
                   National Fertilizer Market Potential
                                                                                        Potential Subsidized and Non Subsidized Markets
                                          35.000



                                          30.000



                                          25.000
                     Thousand tons/year




                                          20.000                                                                                                                                        20.985
                                                                                                                                                                      20.140   20.652
                                                                                                                                                             19.560
                                                      13.211            13.713                                          16.071    17.213   17.862   19.040
                                                               13.293                               14.801   14.950
                                          15.000                                 14.414
                                                                                           14.924


                                          10.000



                                           5.000      10.150   9.060    9.694                                                                                         8.892    9.150    9.500
                                                                                 7.872              8.550    8.770      8.550      8.550   7.926             8.269
                                                                                           6.978                                                    7.229

                                              -
                                                      2010     2011     2012     2013       2014    2015      2016       2017      2018    2019     2020     2021     2022     2023     2024

                                                                                                       Subsidized     Non Subsidized


                                                  •   Average Market Potential Rate of Subsidized Fertilizer is 1.08 – 7.5% per year
                                                  •   Average Market Potential Rate of Non-Subsidized Fertilizer is 2.73 – 7.49% per year

Source : Company
Page 7
                                 Non-Subsidized National Fertilizer Market Potential
                                 25.000




                                 20.000


                                                                                                                                                                         9.931
                                                                                                                                                                9.752

                                                                                                                                                       9.134
                                                                                                                                              9.052
            Thousand tons/year




                                 15.000
                                                                                                                                      9.230
                                                                                                                              8.899
                                                                                                                     8.693
                                                                                                         8.117
                                                                          7.959   7.894      7.683
                                 10.000                           8.043
                                                  8.001   8.241
                                          8.151


                                                                                                                                                                12.507   12.976
                                                                                                                                              10.508   11.132
                                  5.000                                                                                               9.810
                                                                                                                     8.520    8.963
                                                                                             7.267       7.954
                                                                  6.370   6.965   6.907
                                          5.060   5.292   5.472


                                     -
                                          2010    2011    2012    2013    2014    2015       2016        2017        2018     2019    2020     2021    2022     2023     2024

                                                                                   Compound Fertilizer    Single Fertilizer



Source : Company
Page 8
                   SAMF Fertilizer Sales by Commodity


                                                                               Plantation Community Land Area 2015-2024 (ha/year)
                                                     18.000.000
       Sales :
                                                     16.000.000
             COMMODITY           PERSENTAGE (%)
      1. PLANTATION
                                                     14.000.000
        a. Palm Oil                            98
        b. Others                               1    12.000.000
      2. ANNUAL PLANTS                         <1
      Total 1 + 2                             100    10.000.000

                                                      8.000.000
           PLANTATION AREA          HECTARE (ha)
      Plantation Area                  26.837.021     6.000.000
      Annual Plants Area                7.361.521
      Palm Oil Plantation Area         16.833.985     4.000.000
      Growth Rate of Palm Oil
                                        8,6 – 9,0%    2.000.000
      Plantation Area

                                                             0
                                                                  2015        2016     2017       2018       2019      2020      2021     2022     2023    2024

                                                                   Palm Oil      Coconut      Rubber     Coffee     Cocoa     Sugarcane   Tea    Tobacco




Source : Company
Page 9
                   Profitable SAMF Strategy



                                  EFFICIENCY        PREMIUM QUALITY
                                IMPROVEMENT             PRODUCT


                              STRENGTHENING             RESEARCH
                              BUSINESS CAPITAL       STRENGTHENING


                             RAW MATERIAL SAFETY   INTENSIVE PRODUCT AND
                               AND ASSURANCE         SALES NETWORKING



                                                                           9
Source : Company
Page 10
                   Business Capital Strengthening




                              Capital Strengthening through       Capital Strengthening
                                        Go Public :                 through Banking :
                              •   Public Capital Funding      •   Bank Credit
                              •   Other Instrument Funding    •   Supply Chain Financing


                                                                                           10
Source : Company
Page 11
                   Sales Quantum 2020 - 2024 (audited, tons/year)



                                                                           753.965
                                                                            Tons
                                                              482.981
                                            436.840
                                                                    Tons    2024
                             370.963
                                                Tons
                                                                2023
                                Tons          2022
         293.966               2021
                   Tons

             2020
Source : Company
Page 12
                         Sales 2016 - 2024 (audited, IDR billion)
                                                                                                                             4.797,56

                          5.000,00
                                                                                                                  4.463,51

                          4.500,00

                                                                                                       3.689,40
                          4.000,00


                          3.500,00


                          3.000,00
              Billions




                          2.500,00                                                          1.852,36
                                                                                 1.409,23
                          2.000,00                                    1.282,79
                                                          1.204,26
                          1.500,00            1.162,38

                                     747,51
                          1.000,00


                           500,00


                                -
                                     2016       2017     2018        2019        2020       2021        2022      2023       2024


Source : Company
Page 13
                   Profit Before Tax 2016 - 2024 (audited, IDR billion)

                              600,00                                                                    536,97
                                                                                                                 508,46


                              500,00                                                          441,55



                              400,00
                   Billions




                              300,00
                                                                                     218,51


                              200,00                                        150,39
                                                                   111,38
                                                         112,11
                                                 83,77
                              100,00    58,15



                                  -
                                       2016     2017     2018     2019      2020     2021     2022     2023      2024



Source : Company
Page 14
                        Net Income 2016 - 2024 (audited, IDR billion)
                                                                                                      420,08
                         450,00
                                                                                                                396,82

                         400,00
                                                                                            345,99

                         350,00


                         300,00
             Billions




                         250,00

                                                                                   171,15
                         200,00

                                                                         118,21
                         150,00
                                                                86,19
                                                      86,91
                         100,00
                                             61,20
                                   42,24
                          50,00


                             -
                                  2016     2017      2018     2019      2020      2021      2022     2023      2024



Source : Company
Page 15
                   Realization 2023 & 2024 (audited)



                           DESCRIPTION                 2023            2024
                                                       (IDR billion)   (IDR billion)


                           SALES                       4.463           4.797

                           EBITDA                       644             624

                           PROFIT BEFORE TAX            536             508

                           NET INCOME                   420             396


Source : Company
Page 16
                   Projection 2025



                      DESCRIPTION        PROJECTION 2025      FY 2023          FY 2024
                                              (IDR billion)    (IDR billion)    (IDR billion)



                     SALES                    5.141            4.463            4.797

                     PROFIT BEFORE TAX         545              536              508

                     NET INCOME                425              420              396



Source : Company
Page 17
Thank you
             CONTACT US
            CONTACT US
       corsec@saraswanti.com
      corsec@saraswanti.com
  investor.relation@saraswanti.com   17
 investor.relation@saraswanti.com

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Names mentioned 5 people and organisations named in the text · linked when the evidence is strong

linked org Saraswanti Anugerah Makmur Tbk p.2 ×5
linked org PT SARASWANTI UTAMA p.2
possible org PT Anugerah p.2
unresolved org PT Dupan p.2
unresolved org PT Anugerah Anugerah Lestari p.2

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