20241217_BIPI_Public Expose_31829767_lamp1.pdf

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(Astrindo

Nusantara Infrastruktur

still waiting for the results of the revision of the RKAB and so
on.

3. Regarding the financing that we are doing this year, namely at
PT Mitratama Perkasa and PT Sintesa Bara Gemilang, all are
used for refinancing loans that are expensive, so with this
refinancing can reduce the cost of borrowing and of course will
make the Company's proforma better in the following years.

Ouestion:

Mr. Tri — Petromindo.com

1. Regarding waste-to-energy plants, when will the Feasibility
Study (FS) be completed? Where is it located in Java?
2. What and where will this waste-to-energy technology come

from?
3. Regarding assets in South Sumatra, what is the plan to
develop the coal business in South Sumatra?

Answer:

Mr. Ray Anthony Gerungan

1. Regarding the Feasibility Study on the waste to energy plant
project has been completed at the end of this year. There are
3 (three) locations, but they cannot be disclosed because they
are still in the bidding process. With the hope that by the end
of this year, the Company can disclose information on the first
location of this waste to energy plant.

2. The technology that will be used in this waste to energy project
will be submitted further, waiting for the decision of this
bidding process.

Answer:

Mr. Michael Wong

3. For investment in South Sumatra, this is not mining but the
construction of a port / coal terminal, and until now it is still in
progress. Itis currently exploring the possibility of cooperation
with third parties and PT KAI. It is expected that the third
guarter of 2025 can be operational.

Ouestion:

Mr. Ridwan — Kontan

1. BIPI's revenue and net profit decreased by 15.254 and
89.7156 (yoy) as of @3-2024. What is the picture of BIPI's
performance at the end of the year (full year)? What is the
estimated revenue and net profit?

2. What is BIPI's revenue and net profit projection for next year

(2025)? aa

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Astrindo

Nusantara Infrastruktur

3. Can you describe how much BIPI's capex for 2024? And how
has it been realized to date? With various projects in the BIPI
pipeline, what is the estimated capex/investment reguired?
at least for next year (2025)? Where does the funding come
from?

4. Of BIPI's long-term expansion projects, which will be the
priority to be realized this year or next year (2025)? Is
everything worked on by BIPI itself? Or are there partners
from local/foreign companies?

Answer: Mr. Michael Wong

1. The overview of BIPI's performance at the end of this year, with
the background of a somewhat declining coal price,
conservatively estimates that BIPI's performance will not be
more than 2 (two) times the results of BIPI's performance in
the 1st semester of 2024. In terms of consolidated revenue of
subsidiaries at the end of the year, in terms of revenue of no
more than USD 570 million, then profit may be USD 15 million.

2. Fornext year's projection, revenue and net profit will increase,
approximately around 2096.

Answer: Mr. Ray Anthony Gerungan

3. BIPI's CAPEX for mini LNG projects totals IDR 350 billion (IDR
230 billion from bank financing, the rest is BIPI's eguity). The
expenses that have been paid this year are more than IDR 250
billion. Then BIPI's CAPEX for waste to energy projects, the
total project is around IDR 2.2 trillion. And currently what has
come out is around USD 12 million. And the investment needed
is around USD 30-35 million and the source of funding is from
bank loans.

4. BIPI's long-term projects are divided into 3 (three) categories:
projects that can be executed, projects that can be invested in
eguity and projects that are still in concept. And our focus now
is that mainstream projects that have been invested will be a
priority in the next year.

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