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                                                                                                                                                  119.8
                                                                                                                                                                                 53%
    -0.4%                   -2.7%                       +5.3%                       71.0%            69.3%          29.0%      30.7%                           63.8
                                                                                                                                                                                Utilization
      vs 2024                vs 2024                     vs 2024                                                                                                                   rate
                                                                                     2023            2024           2023       2024              Capacity     Demand




    29.7%
                                       +5.9%
                                                             •   Contribution from Semen Grobogan             IDR 18,549 bn            IDR 3,936 bn                   IDR 2,008 bn
                            19,345             20,496        •   Export 317 kt down -45.3%
    37.8% in Java                                                                                                   +3.3%              21.2%        +7.7%         10.8%           +3.0%
    21.1% out Java                                                                                                   vs 2024           vs N.R.      vs 2024           vs N.R.     vs 2024
                             2023              2024




       546                                                                                                                                           • Citeureup: 4.5 MWp in operation
                     533                                                                     42.0%                                                     (roof top) & 32.5 MWp (ground
                                     490                                  21.4%                              NOx    267
                                                                                                                    264          800
                                                         18.3%                                                                                         mounted) under licensing process
                                                                                                             SO2    230          650                 • Tarjun: 20 MWp (ground
                                                                                                             Dust                                      mounted) under licensing process
      2023           2024           2030E                2023             2024              2030E                    13.4         60


2
Page 3
    ̶   Successful marketing campaign in 2024, increasing brand awareness for Indocement products.
    ̶   Future marketing campaign is to focus on green cement and mortar products.
    ̶   Reducing CO2 remains a top priority | Multiple projects realized and still in progress to increase
        alternative fuel consumption:
           ➢ RDF offtake from several waste processing facilities to secure alternative fuel supplies
             while also reduce waste for the environment.
           ➢ Continues improvements in all locations to increase the use of alternative fuels.
    ̶   Focus on limiting clinker incorporation by increasing the consumption of alternative materials.
    ̶   2nd round of share buyback program ended December 31, 2024 | 331.3 mn shares or 9,0% of total
        shares.
    ̶   Maintain strong cash position with IDR 4.5 tn by the end of 2024.
    ̶   Successful integration & high utilization of Semen Grobogan plant enabling us to have more
        efficient product distribution & deeper market penetration in Central & East Java areas with
        substantial contribution to the overall margin.

3
Page 4
    AGENDA
      1.    Market Overview
                  ̶   Indocement market positioning
                  ̶   Cement Market Evolution
                  ̶   Cement Volume Development
                  ̶   Cement Market Portion & Growth
                  ̶   Java-Outside Java & Bag-Bulk Markets



       2.   Financial Performance
              ̶       Financial Result
              ̶       Balance Sheet & Key Financial Indicators


       3.   Operational Performance & Strategy
              ̶       Emission & Environmental Footprint Reduction
              ̶       Marketing Campaign
              ̶       Outlook


       4.   Human Capital, Good Works, & Awards

       5.   Question & Answer
4
Page 5
        Market Overview




                                                              Production capacity: 23.3 Mt/y Clinker & 33.5 Mt/y Cement                                                        Indocement Integrated Plant
                                                                                                                                                                               Grobogan Integrated Plant
                                                                                                                                                                               Semen Bosowa Integrated Plant
                                                                                     TARJUN
                                         Kuala Tanjung                                                                                                                         Semen Bosowa Grinding Mill
    REGIONS:                                                                         1 kiln + 2 cement mills                                   MAROS (lease)
    1    Sumatra                                                                     CEM cap. 2.8 Mt/y                                         2 kilns + 2 cement mills        Indocement Terminal
    2    Java                                                                                                                                  CEM cap. 3.5 Mt/y               Semen Bosowa Terminal
    3    Kalimantan
    4    Sulawesi                                                                                                                                                              Aggregate sites
    5    Bali & Nusa Tenggara                                                                                                                                                  RMC batching plants
                                                                                         Pontianak                     Samarinda
    6    East Indonesia                                                                                    3
                                                     1


                                                                                                                                           4
                                                   Palembang                                                                                                               6

                                                                                                                                   Barru
          MORTAR LAMPUNG
                                                         Lampung
          White Mortar: Cap. 72 kt/y                                   Jakarta
                                                                                                                                  Makassar
                                                                                                                                                   BANYUWANGI GU (lease)
                                                                                                         Surabaya
                                                                                                                                                   CEM cap. 1.8 Mt/y
           CITEUREUP
                                                                                     2
           10 kiln lines + 19 cement mills
           CEM cap. 18.4 Mt/y                                                                        Banyuwangi                   5
                                                                                                                    Lombok
           Grey mortar: cap. 180 kt/y
                                                                   CIREBON
           White mortar: cap. 120 kt/y
                                                                   2 kilns + 5 cement mills
                                                                                                        GROBOGAN
                                                                   CEM cap. 4.3 Mt/y
                                                                                                        1 kiln + 2 cement mills
                                                                                                        CEM cap. 2.7 Mt/y




5
Page 6
       Market Overview




    140.0                                                                                                                                                                                                                                                                            150%
                   Cement Capacity (mln ton)                               Domestic Cement (mln ton)                           Utilization % (Domestic)


                                                                                                                                                                                                                                   119.8 120.8 120.8 120.8 120.8 120.8 120.8
    120.0                                                                                                                                                                                                     116.8 116.8 118.1
                                                                                                                                                                                                      113.8
            95%
                   98%
                          93%                                                                                                                                                          111.0 112.4
                                                                                                                                    89%    91%                                 108.0                                                                                                 100%
                                                                                                               85%                                 87%
                                                                                                                                                          84%    82%
                                      82%                                                                             79%    80%
                                                                                                        75%
    100.0                                                                                        71%
                                                                                          68%                                                                           95.2
                                                                                   64%                                                                                         61%     63%    62%                                                                             62%
                                                                            58%                                                                                                                                                                                59%     61%
                                                             55%    57%                                                                                                                               55%     55%                                55%    57%
                                                                                                                                                                                                                     53%    54%    53%    54%
                                                      48%
                                                                                                                                                                        65%
                                               40%                                                                                                                                                                                                                                   50%
    80.0                          42%                                                                                                                            75.5
                                                                                                                                                          72.3
                                                                                                                                                   66.8                                                                                                                       75.4
                                                                                                                                                                                                                                                                       73.2
                                                                                                                                                                                              70.0                                                             71.1
                                                                                                                                           60.1                                        69.5                                                             69.0
                                                                                                                                                                               66.3                                                              67.0
    60.0                                                                                                                                                                                                      63.9          64.0   63.8   65.1
                                                                                                                                    54.1                         62.0   62.0                          62.5           61.8
                                                                                                                             50.9                         60.5                                                                                                                       0%
                                                                                                                      48.7                         58.0
                                               47.0   47.0   47.1   47.5    47.5   47.5   46.1                                             55.0
                                        45.1                                                     44.9   45.5   45.0
                                                                                                                                    48.0
    40.0
                                 33.6                                                                                        40.8
                                                                                                               38.1   38.4
                          27.3
                   24.1                                                                                 34.2                                                                                                                                                                         -50%
            22.6                                                                          31.5   31.9
                                                                                   30.2
                                 27.5                               27.1    27.5
    20.0                  25.5                               25.7                                                                                 CAGR            07A-10A         10A-13A            13A-16A         16A-19A        19A-22A        22A-25F        25F-28F
                   23.6                               22.3
            21.5
                                        19.1   18.8                                                                                               Demand           +6.1%             +12.5%          +2.2%           +4.2%           -4.1%          +1.7%             +3.0%
                                                                                                                                                  Capacity         +3.8%              +9.5%          +12.5%          +5.7%           +1.3%          +1.1%               -
      0.0                                                                                                                                                                                                                                                                            -100%
            94     95     96     97     98     99     00     01     02       03    04     05     06     07     08     09     10     11     12      13     14     15     16      17      18    19      20       21     22     23    24     25E 26E 27E 28E 29E 30E



6                                                                                                                                                         Source: Ministry of Industry with Internal Indocement Projection | The capacity data could be revised based on industry update
Page 7
    Market Overview




     Q1                2022                                2023                                2024
     Q2
     Q3
     Q4
                                  15,261                            14,269                                 14,273
          16,217                                                                17,757
                                      25%   18,715                     22%                                     22%
          26%                                                                   28%
                                            29%

                       TOTAL                            TOTAL                                   TOTAL
                      61,794 kt                        64,016 kt                               63,791 kt

                      -3,4% YoY                        +3,6% YoY                               -0,4% YoY
                                                                       13,151                                  13,745
                                   13,577                              21%                                     22%
            16,738                 22%
                                                  17,881                          18,016
                27%                                  28%                                 28%




            2022 H1                               2023 H1                             2024 H1
                              46.7%                                42.8%                                   43.9%
            28,839 kt                             27,420 kt                           28,018 kt

            2022 H2                               2023 H2                             2024 H2
                              53.3%                                57.2%                                   56.1%
            32,956 kt                             36,596 kt                           35,773 kt

7                                                                                                            Source: Ministry of Industry
Page 8
    Market Overview




       Market Volume 2022        Market Volume 2023     Market Volume 2024               2023 Market YoY Growth             2024 Market YoY Growth                2024 INTP Growth (all)                2024 INTP Growth (excl. Grobogan)

                                                                             24.9%
                                                                                                                                                                                     18.3%
                                                                             21.4%                                 12.6%                12.9%                                                              13.7%                 14.2%
                                                          10.4%
                                           7.1%                                  11.5%                                                                                              10.5%
        6.7%            6.2%                                                                   6.2%
                                                                                                                                                               5.1%                                         3.8%
                                                           1.5%                                                   10.7% 3.8%            4.1%                                                                                      2.6%
     3.1%                                  -0.9%                             9.0%                                                                                                     0.2%
                        -1.5%                                                                  -0.2%
                                                                                                                                                            4.4% -2.4%                                     -4.0%
    -1.3%                                                                                            -1.1%                           2.0% 1.1%
                                          -1.5%            1.0%                                                      1.0%                                                            -0.5%
    -7.0%             -2.3%
                         -2.6%                                                                -4.5%                                                            -3.4%                                       -4.6%                -4.8%
                                          -9.4%                                                                                                                                                                                 -11.6%



                                                                                                                                                                                         6,319
                                                                                                                       6,024                6,022                  5,970                                        5,929
                                                          -31.0%
                                                                                5,436                                                                                                                                                 5,509
                                                                                                   5,280
            5,059
                                               4,830
                            4,384


                                                               3,029
                                                                                                                                       5,956                  6,120                 6,305                  6,177                 6,233
                                                                                                                   5,805
                                                                                              5,291
       4,908                              4,872                              4,876
                       4,489

                                                          2,984


    5,279           4,606              5,376           4,323           3,905              5,350              5,155                 5,722                 5,861                 5,328                  5,433                 5,456

        Jan             Feb                Mar             Apr               May               Jun                  Jul                 Aug                   Sep                    Oct                   Nov                   Dec


8                                                                                                                     Source: Ministry of Industry with Internal Indocement Projection | The capacity data could be revised based on industry update
Page 9
     Market Overview



    • Continuous strong bulk demand in North Kalimantan & East Kalimantan from construction of new
                                                                                                                                                                                                                                      FY2024
      capital city                                                                                                                                                         YoY Area Growth:             Area
                                                                                                                                                                                                                                      Volume
    • Growth in Central Java is from Semen Grobogan 2024 volume as its 2023 volume was not reported to
                                                                                                                                                                                     <=0%               Java                           +0.7%
      Indonesia Cement Association
                                                                                                                                                                                   >0% <=5%                                            -1.1%
                                                                                                                                                                                                        Sumatra
                                                                                                                                                                                   >5% <=10%
                                                                                                                                                                                                        Kalimantan                    +11.2%
                                                                                                                                                                               >10% <=15%
                                                                                                                                                                                                        Sulawesi                      -13.1%
                                                                                                                                                                                     >15%
         Aceh                                                                                                                                                                                           Bali & NT                      +3.3%
                                                                                                                      North
                                                                                                                     Kalimantan                                      North                              East Indonesia                 -9.3%
                                                                                                                                                                   Sulawesi
                   North                                        Riau
                  Sumatra                                     Islands
                                                                                                                                                      Gorontalo
                                                                                                                     East
                                 Riau                                                                            Kalimantan                                                North                     Southwest
                                                                                      W est                                                                               Maluku                       Papua
     0                                                                                                                                                                                                                                               0
                                                                                  Kalimantan
                     W est
                     Sumatra
                                                                Bangka-                          Central                         W est
                                        Jambi
                                                                Belitung                       Kalimantan                     Sulawesi                Central
                                                                                                                                                      Sulawesi                                                                        Papua
                                                                                                                South                                                                                             West
                                                 South                                                      Kalimantan
                                                Sumatra                                                                                                                                                          Papua
                                                                                                                                                                                                                         Central
                            Bengkulu                                                                                              South                       Southeast                                                  Papua            Highland
                                                                                                    8.1%             8.6%     Sulawesi                        Sulawesi                                                                      Papua
                      21.8%       19.2%            Lampung                            8.2%                                                                                                          3.6%         2.9%
         22.1%                                                 Jakarta                              9.0%         10.5%                                                                 2.7%Maluku
                      21.6%       17.4%                                                                                                                9.7%        9.6%                             3.3%         2.3%                       South
                                                                    West                                                                  7.1%                                                                                              Papua
                                                     Banten         Java     Central Java                                                              8.4%        7.1%
                                                                                             East Java        Bali
                                                                             Yogyakarta S. R.
      2024 GDP     Cement Market                 Bulk
                                                                                                                      W est Nusa                 East Nusa
       Portion:      Portion:                   Portion:                             50.7%        57.4%               Tenggara                   Tenggara
                                                                         57.0%
                        FY2023                  FY2023                               51.2%        61.0%
                        FY2024                  FY2024                                                                                    6.2%      2.2%
                                                                                                                         2.8%
                                                                                                                                          6.4%      1.8%
9                                                                                                                                                                                                                           Source: Ministry of Industry, BPS
Page 10
     Market Overview




         Outside Java    Java                           Bulk    Bag              57% Java       61% Java
                                                                               43% Out Java   39% Out Java


        30,423                   31,587     31,122
          48%
                        29,570     49%        49%      14,200                   18,580         19,562
                         48%
                                                        22%
                                                                      16,406      29%             31%
                                 75% Bag    75% Bag                    27%
                                 25% Bulk    -0,7%
                                            25% Bulk   49,736
                                              -3,7%
                                                        78%           45,389    45,436         44,229
                                                                       73%        71%
                                                                                                  69%
        33,513          32,224   32,428     32,669
          52%                      51%        51%                                48% Java
                         52%                                                                    47% Java
                                                                               52% Out Java
                                                                                              53% Out Java
                                 67% Bag    63% Bag
                                 33% Bulk    -4,7%
                                            37% Bulk
                                             +11,9%




         2021            2022     2023       2024       2021           2022       2023           2024


10                                                                                              Source: Ministry of Industry
Page 11
     AGENDA
       1.    Market Overview
                   ̶   Indocement Market Positioning
                   ̶   Cement Market Evolution
                   ̶   Cement Volume Development
                   ̶   Cement Market Portion & Growth
                   ̶   Java-Outside Java & Bag-Bulk Markets



        2.   Financial Performance
               ̶       Financial Result
               ̶       Balance Sheet & Key Financial Indicators



        3.   Operational Performance & Strategy
               ̶       Emission & Environmental Footprint Reduction
               ̶       Marketing Campaign
               ̶       Outlook

        4.   Human Capital, Good Works, & Awards


11      5.   Question & Answer
Page 12
     Financial Performance




                                                                                                                             21.2%
                                                                                                         20.4%                                    10.9%        10.8%
                       20,179                                                                                               vs N.R.
                                                                                                         vs N.R.                                  vs N.R.      vs N.R.

                        +7.5%                               FY2024              +3.3%    18,549
                                    579
                                                                                                         3,656                 3,936              1,950         2,008
         18,766                               317

                                              -45.3%        FY2023                  17,950

         FY2023        FY2024      FY2023    FY2024                                                      FY2023             FY2024                FY2023       FY2024




                           209                              335
                                                                                                                                       114
                                               142                     (88)             (14)      (4)                                              (8)
          1,950                                                                                                     (160)                                   2,008
                                   (468)




          Net Profit     Volume    Price    Ditribution     Costs     Selling           G&A       OOIC             Financial       Share Profit    Tax      Net Profit
            2023          Effect   Effect      Costs      Revenues   Expenses                                       Inc/Exp           Asct                    2024


12
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     Financial Performance




                                                           Dec 2023        Dec 2024




      10,389                    20,031                         7,175                                                                                                   22,114.4
               +12.6%
                                                                                         1,131                                              20,969.5      Equity
                                           z
                                          -1.9%                         -2.6%                           -13.8%                              29,649.6      Assets       30,420.0
                                                  20,422                        7,368                               1,312
                        9,228
                                                                                                                                          Dec 31, 2023             Dec 31, 2024




                                                                                                                                                                   Net Income
                                                                                                                                 2,669
                                                                                                                                                                   Dividend

               35.1 %                    -0.6x                         5.7 %                    2,025
                                                                                                                 1,841                           1,740



                                                                                                        1,835            1,806           1,788           1,842           1,950
                                                                                                                                                                 549
                                                                                        1,146                                                                                     309

               6.7 %                     9.3 %                         12.7 %
                                                                                          2018              2019            2020           2021            2022             2023




13
Page 14
     AGENDA
       1.    Market Overview
                   ̶   Indocement Market Positioning
                   ̶   Cement Market Evolution
                   ̶   Cement Volume Development
                   ̶   Cement Market Portion & Growth
                   ̶   Java-Outside Java & Bag-Bulk Markets

        2.   Financial Performance
               ̶       Financial Result
               ̶       Balance Sheet & Key Financial Indicators



        3.   Operational Performance & Strategy
               ̶       Emission & Environmental Footprint Reduction
               ̶       Marketing Campaign
               ̶       Outlook



        4.   Human Capital, Good Works, & Awards

14      5.   Question & Answer
Page 15
     Operational Performance & Strategy



                                                 Fuel Consumption Rate %                                                                                                    GHG Emissions Scope 1 Intensity - NET
        2.3     3.4      3.2         5.8                                                                                                                                                            (kg CO2/t cement equivalent)
                                             7.4        9.3    12.2
                                                                       18.1     18.3     21.4
                                                                                                             25                                   700




                                                                                                                               42                       693
                                                                                                                                                  650




                                                                                                                                                                          650                                                                          29% reduction
                                                                                                                                                                                                                                                         from 2010
                                                                                                                                                  600


        97.7    96.6     96.8     94.2       92.6       90.7   87.8
                                                                       81.9     81.7     78.6                                                                                                585
                                                                                                             75                                   550
                                                                                                                                                                                                      573
                                                                                                                                                                                                                558
                                                                                                                               58                                                                                        546
                                                                                                                                                  500
                                                                                                                                                                                                                                  533                535
        8%      12%      35%     45%         69%        80%    88%     92%      90%      93%               ~90%               ~90%
                                                                                                                                                                                                                                                                        490
                                                                                                                                                  450


                                                                                                                                                        2010        …     2015       …       2020     2021     2022      2023     2024       …      2025E       …      2030E
       2015     2016     2017    2018        2019      2020    2021   2022      2023     2024       …      2025E       …      2030E
                                                                                                                                                        Green House Gas (GHG) emission is calculated based on the international reporting standards defined by World Business
                                                                                                                                                        Council Sustainable Development (WBCSD) Cement Sustainability Initiative
                              Fossil Fuels             Alternative Fuels           LCV Coal Content                                                        ➢ Scope 1: Emissions from operations that are owned or controlled by the reporting company




        NOx & SO2 Measurement                                         Electrostatic Precipitator to Bag Filter Replacement                                                                 Solar Panel Installation (ground-mounted)
                              2024
                                                                                                                                                                                                                                                           Potential CO2
                                                                       2015 - 2023                                 2024                    2026                2027                                               Capacity             Output
       NOx                                       800                                                                                                                                         Location                                                       Reduction
                                                                                                                                                                                                                 (MWp DC)            (GWh/year)
     (mg/Nm3)           267                                                                                                                                                                                                                                 (ton/year)
                                                                      P14, P9, P10, P4, P8, P5, P11                                    P12                     P7

                                                                      Dust Emission 2015 = 40                Dust                                          Dust Emission                      Tarjun
       SO2                                 650                        Dust Emission 2023 = 15.3              Emission = 13.4                               Target = 10                       (Q2 2025)            19.65                 26.37                    31k
     (mg/Nm3)          230
                                                                                                                                             Government Regulation
                                                                      ▪ The dust emissions are stated in mg/Nm3                                                                             Citeureup
        Government Standard                      INTP
                                                                      ▪ The measurement refers to local standard (PermenLHK No. 19/2017)
                                                                      ▪ Dust Emission (mg/m3) – (25°C, 1013 hPa) related to 10% oxygen
                                                                                                                                              for Dust Emission =
                                                                                                                                                                                            (Q2 2025)              32.5                    45                    40k
                                                                                                                                                   60 mg/Nm3

15
Page 16
      Operational performance & strategy




                                  Reducing CO2 emissions remains a top priority for Indocement ‘Green Strategic Project’
      P11 SLC Storage, Extraction, & Transportation                                               Grobogan & Maros                                                           RDF




     SLC Storage (Inside & OHC)      Trial with RDF Material


                                                                                                                                                               Bantar Gebang Municipal Waste


                                                                     Phase 2 Grobogan Rice Husk Feeding Facility

         SLC Apron Feeder              SLC Weighing Feeder

                                                                                                                   CONTINUES IMPROVEMENT FOR
                                    HIGHER CONSUMPTIION OF                                                         MAROS & GROBOGAN:
                                    AF IN EXISTING PLANTS:
                                                                                                                   • P16 Rice Husk feeding facilities
                                    • P11 Hot Disc modification to
                                                                                                                     completed in Sep24, capacity up
                                      achieve optimum efficiency
                                                                                                                     to 40 tph feed design.             SECURING AF SUPPLIES WHILE ALSO REDUCING
                                    • Citeureup new shredder                                                                                            WASTE FOR THE ENVIRONMENT: RDF OFFTAKE
                                      “UNTHA” 15-25tph                                                             • P18 Biomass/Rice Husk feeding
                                      commissioned in Feb25 for                                                      facilities. Phase 1 pneumatic      • Indocement is off-taker RDF from Jakarta Waste
                                      municipal waste & plastics,                                                    conveying/dosing with capacity       Processing Facilities Bantargebang: Coarse RDF
                                      supplying AF to P8 & P14                                                       up to 10tph. Continuing to Phase     throughput has increased to 500 tpd.
                                    • P12 Tarjun modification of                                                     2 (Bulk AF Feeding/dosing) with    • Indocement have secured a contract with RDF
                                      AF feeding SLC Line                                                            capacity up to 40 tph                Plant Rorotan for 875 tpd.
        “UNTHA” shredder


16
Page 17
      Operational Performance & Strategy




                              Portland Composite Cement               Portland Slag Cement                            Hydraulic Cement
                                         (PCC)
                              Currently 56%–58%. The new
     Clinker Ratio                                                          45%–50%                                       75%–78%
                                  SNI standard is 55%
     CO2 Reduction
                                           30%–35%                          50%–55%                                       10%–15%
     (compared to OPC)
                            • Distributed in Bag.          • Distributed in Bulk.                          • Distributed in Bulk.
                                                           • Low hydration heat, sulfate resistant, high   • Better strength with extraordinary
                                                             durability, & longer compressive growth         durability than OPC.
                                                             period.                                       • For infrastructure, high-rise building,
                                                           • Suitable for mass concrete projects,            & precast industry.
                                                             dams, & jetties. Used in Patimban port
                                                             construction.
     Characteristic




17
Page 18
     Operational Performance & Strategy



     Campaign Objectives: To invite end-users so they can decide which materials to be used and choose Semen Tiga
     Roda to build or renovate their homes



                                                        KOKOHNYA DIMULAI DARI SINI




                         TVC                              Video Series                   Saatnya Bergabung Menjadi
            #Saatnya Kamu Yang Memutuskan           #Kokohnya Dimulai Dari Sini              #PelangganSETIA

            Riding on the election moment, we         3 video series about key        Testimonial from celebrity who use
            were successfully running the Video   advantages of Semen Tiga Roda,      Tiga Roda to build their house
            Campaign on TV, Social Media and       by showing the “beauty” of our         • Wulan Guritno – Artist
                           OOH                         Operation and People               • Rizki Ridho – Football Player
                                                                                          • Yura Yunita – Singer
                                                                                          • Tya Aristya - Influencer



                  Total Views                            Total Reach                            TOP Brand
                                                                                                  Index
                 65,000,000                            68,000,000                       64% (Highest Ever)
18
Page 19
       Operational Performance & Strategy




     LRT Jakarta 1B (Velodrome–Manggarai)
                                              Patimban Port                                               Patimban Port – Underwater Concrete




                                                                                                                              GBK Stadium - Pervious Concrete


     Toll Harbour Road II – Ancol Pluit       MRT CP 202                                      SPAM Buaran III




     Summarecon Mall Bekasi                 Nusantara International Convention Center – PIK         JAC Tower                       Two Sudirman - OASIS
19
Page 20
       Operational Performance & Strategy




     Potential risks                                                    Potential opportunities
                                                                                          • 3mio houses/year program
                       • Tariff trade war                                   Volume        • School renovation program
                       • High & volatile foreign exchange rates                           • 2025 domestic cement is expected to grow 1-3%
        External       • Increase in energy price
                       • Geopolitical tension                                             • VAT discount for new home-owner purchase
                       • Cement export competition                                        • Further cut in US Fed & BI interest rates
                                                                            Policy        • Other Government initiatives to increase the public
                                                                                            purchasing power
                       • Weak purchasing power
       Economy         • Stagnant/slow economy growth                                     • Increase use of alternative fuels: RDF (from waste
                                                                                            processing) & variety of biomass materials
                       • Oversupply capacity                                              • Clinker ratio reduction – more GREEN cement types
        Industry       • Variety of fighting brands on bag product                             - Bag: new SNI standard
                                                                         Sustainability        - Bulk: hydraulic cement & slag cement
                                                                                               - Alternative materials
                       • Cut on infrastructure budget                                     • Operation of solar panels in Indocement factories
                       • ODOL (Over Dimension Over Loading) for truck                     • Continuous efforts on automation/digitalization
      Regulation       • Electricity tariff
                       • Carbon tax                                                       • More connectivity through toll roads & container
                                                                           Logistics        ports should improve distribution of goods



20
Page 21
     AGENDA
       1.    Market Overview
                       ̶   Indocement Market Positioning
                       ̶   Cement Market Evolution
                       ̶   Cement Volume Development
                       ̶   Cement Market Portion & Growth
                       ̶   Java-Outside Java & Bag-Bulk Markets

        2.   Financial Performance
                   ̶       Financial Result
                   ̶       Balance Sheet & Key Financial Indicators


        3.   Operational Performance & Strategy
               ̶           Emission & Environmental Footprint Reduction
               ̶           Marketing Campaign
               ̶           Outlook



        4.   Human Capital, Good Works, & Awards


21
        5.   Question & Answer
Page 22
Human Capital, Good Works, and Awards




                                                                                                  SAFETY AT WORK IS OUR PRIORITY!
                                                                                                      “No Fatality in 2024”
                                      - 2,799 FTE
                                       - 39.2%
                  Continuing competitiveness in human capital



                                                                                                          Routine Safety Inspection by BOD and
                                        r                                                                 the Management




▪   Competitiveness continues to increase along with increasingly efficient human
    capital and on the other hand cement capacity increases by 38% from 20.5
    million tons in 2014 to 28.3 million tons in 2024 (excluding Maros &
                                                                                    Management Trainee 2024 – Continuing regeneration by preparing
    Banyuwangi).
                                                                                    the future leaders.
▪   Improve the competence in line with training provided.
Page 23
                                                                                                                Activities to strengthen our
                                                                                                                togetherness




                                     Each “stakeholder” is important
                                                                             Indocement is our “second home”




                                                                  Indocement corporate culture is the tool to
Harmonious living together with our surrounding Communities       unite all of the employees
Page 24
Research, Training, and Empowerment Community Center (P4M) – "3 Roda Edu-Green Park"
Educational tourism destination for all ages:
3,000 visitors ranging from playgroup students to
professors
Educational & Interactive Activities:
• Training in agriculture, fisheries, and livestock
    cultivation
• Exploring the cement production process
• Learning about cement technology
• Catching fish in ponds
Learn & Adventure with Indocement:
• Supporting education through experiential
    learning & environmental awareness
Page 25
Indocement Invites Partner Schools to Manage Waste through "Education on BSF Maggots & Plastic Waste"

•   As part of its 50th Anniversary celebrations, Indocement organized waste management education at P4M, Citeureup
    Factory on 20 February 2025.
•   The event was attended by 21 Adiwiyata Schools, partners of Indocement's CSR program.
•   Participants received education on organic waste management using BSF maggots as solutions for organic fertilizer
    and animal feed, as well as sorting plastic waste.
•   Through this educational program, Indocement hopes its partner schools will increase their awareness of
    sustainable waste management.
Page 26
    Indocement Cirebon Organizes "Stunting Prevention Education & Supplementary Food Provision
    for Toddlers"
•    As part of its 50th Anniversary celebrations, Indocement Cirebon Plant organized Stunting Prevention Education and Supplementary
     Food Provision (PMT) for toddlers experiencing stagnant weight gain on 19 February 2025 in P4M.
•    In collaboration with Gempol, Winong, and Ciwaringin Community Health Centers (Puskesmas) and village midwives, the event
     involved 25 toddlers from partner villages.
•    Participants received balanced nutrition education and supplementary food for the next 14 days, with monitoring by community health
     centers and village health cadres.
•    This initiative aims to improve children's nutritional status and support early prevention of stunting.
Page 27
Indocement Tarjun Organizes Voluntary Teaching Program “Indocement Mengajar”

•   Open Junior and Senior High School of Langadai Village
•   Subjects: English, Mathematics, Chemistry, and Information Technology (IT)
    Participants: 41 Junior High School students and 36 Senior High School students
    Indocement employees volunteered as teachers.
•   This program is expected to have a positive impact on improving educational quality in their schools.
Page 28
7 March
PR Indonesia Awards – PR Indonesia
     ▪ Gold Winner - Private Corporate Category Annual Report Sub-Category
       Sustainability Report
     ▪ Gold Winner - Private Corporate Category for CSR Communication Program Sub-
       Category Community Based Development
     ▪ Bronze Winner - Private Corporate Category Annual Report Sub-Category Annual
       Report
29 April
TOP CSR Awards 2024 - Top Business Magazine
    ▪ TOP CSR Awards 2024 #Platinum Trophy
    ▪ TOP CSR Awards 2024 #Star 5
    ▪ TOP Leader on CSR Commitment 2024 for President Director of Indocement -
         Christian Kartawijaya
Best Corporate Transparency and Emission Reduction 2024 - investorturst and BGK
Foundation
     ▪ GREEN - Corporate Emission Reduction Transparency
     ▪ PLATINUM - Transparency of Corporate Emission Calculations
Page 29
7 May
CSR and Sustainable Village Development Awards 2024 - Ministry of Villages, Development of Disadvantaged
Regions and Transmigration of the Republic of Indonesia
    ▪ Gold - SABARA Program (Waste as a Substitute for Coal)-score: 91.30
    ▪ Silver - Institutional Capacity Development Program of BUM Berkarya Kedungbunder Village in
       Operating Used Tires as Alternative Fuel for Cement-score: 84.14
13 June
Bisnis Indonesia Awards – Bisnis Indonesia
     ▪ Construction Materials Category
26 July
Issuer Appreciation 2024 TEMPO-IDNFINANCIALS 52 Index – Tempo IDNFinancials
     ▪ Category: Main Index, High Dividend, High Market Capitalization
Page 30
31 July
Environmental and Social Innovation Awards 2024 - Ministry of Environment and
Forestry (KLHK)
     ▪ Platinum Winner for the B3 Waste Reduction Innovation Category through the
        Used B109d Bag Filter Utilization program as a Substitute for Fossil Energy (PAGER
        SIRI)
     ▪ Gold Winner for the Social Innovation Category through the Waste Processing into
        Energy program through Community Empowerment (PALIMANAN MERDEKA)
11 August
Appreciation of PROKLIM Support - Ministry of Environment and Forestry (KLHK)
    ▪ PT Indocement Tunggal Prakarsa Tbk.
27 August
TOP Brand - Marketing Frontier Technology Magazine
    ▪ Semen Tiga Roda for Cement Category
25 September
Indonesia Best CX-EX Strategy 2024 – SWA Magazine
     ▪ Predicate: Very Good
Page 31
7 October
Annual Report Awards 2024 – National Committee on Governance Policy
     ▪ Non-BUMN/Non-BUMD Non-Financial Category
10 October
Subroto Awards - Ministry of Energy and Mineral Resources of the Republic of Indonesia
    ▪ The Most Innovative Mineral Community Development and Empowerment (PPM)
        Sector
13 November
49th International Convention on Quality Control Circles (ICQCC) - Sri Lanka Association for
the Advancement of Quality and Productivity (SLAAQP)
      ▪ Gold Awards

14 November
Indonesia CSR Awards (ICA) 2024 and Indonesia Sustainable Development Awards (ISDA)
2024 - Corporate Forum for CSD Development
    ▪ ICA 2024 Category Platinum - Core Subject Inti (7E) CID
    ▪ ISDA 2024 Category Platinum - SDG 7.3 Economy Pillar
17 December
The Iconomics
     ▪ Indonesia TOP 20 GCG Awards 2024
     ▪ Indonesia 20 Best Corporate Secretary Awards 2024
Page 32
24 February
PROPER - Ministry of Environment of the Republic of Indonesia
     ▪ Gold - Cirebon Factory
     ▪ Green - Citeureup Factory
     ▪ Green - Tarjun Factory

26 February
PRIA – PR Indonesia
     ▪ Gold - Private Corporate Sector Annual Report Category
        Sustainability Report Sub-Category
     ▪ Gold - Private Corporate Sector Annual Report Category
        Annual Report Sub-Category
     ▪ Silver - Private Corporate Sector CSR Communication
        Program Category Community Based Development
        Sub-Category
Page 33
     AGENDA
       1.    Market Overview
                   ̶   Indocement Market Positioning
                   ̶   Cement Market Evolution
                   ̶   Cement Volume Development
                   ̶   Cement Market Portion & Growth
                   ̶   Java-Outside Java & Bag-Bulk Markets

        2.   Financial Performance
               ̶       Financial Result
               ̶       Balance Sheet & Key Financial Indicators



        3.   Operational Performance & Strategy
               ̶       Emission & Environmental Footprint Reduction
               ̶       Marketing Campaign
               ̶       Outlook

        4.   Human Capital, Good Works, & Awards

        5.   Question & Answer
33
Page 34
Thank You

File

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Published24 Mar 2025
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linked person Christian Kartawijaya p.28
linked org Indocement Tunggal Prakarsa Tbk. p.30 ×2
unresolved org Ministry of Industry p.6 ×5
unresolved org Ministry of Villages p.29
unresolved org Ministry of Environment p.30 ×2
unresolved org Ministry of Environment and Forestry p.30
unresolved org Ministry of Energy and Mineral Resources p.31

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