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Page 1
PT Barito Pacific Tbk
Public Expose 2024




 Impact Beyond Returns




 October 2024
Page 2
Disclaimer
This presentation has been prepared by the management of PT Barito Pacific Tbk. (“Barito Pacific” or the “Company”) for
information purposes and contains general background information about Barito Pacific group including forward-looking
statements on its business, financial condition and results of operations as at the date of this presentation, and has not been
independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the
accuracy or completeness of the information presented or contained in this presentation.

Information in this presentation including forecast financial information, should not be considered as advice or recommendation
in relation to holding, buying or selling securities or other financial instruments. Before acting on any information, readers should
consider the appropriateness of the information and should seek independent financial advice.

This presentation may contain forward-looking statements including statements regarding our belief, intent and/or current
expectations with respect to Barito Pacific group businesses and operations. Such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking
statements as a result of various factors and assumptions. Barito Pacific has no obligation to revise or update such forward-
looking statements in the future to reflect the actual events or circumstances.

This presentation is for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any
offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or
be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase
or subscribe for any securities of the Company should be made after seeking appropriate professional advice.
Page 3
Strategic Overview


 1   Barito Pacific At Glance

 2   Business Overview

 3   Key Investment Highlights

 4   Projects

 5   Financial Updates

 6   Environmental, Social, Governance




                                         3
Page 4
1   Barito Pacific At Glance
    A. Group Structure
    B. Milestones
    C. Core Portfolios




                               4
Page 5
1    Barito Pacific At Glance
    A. Group Structure                                                                                                     ● Listed on the IDX since 1993
                                                                                                                           ● Barito Pacific’s largest shareholder is Prajogo Pangestu with a 71.19% stake as
                                                                                                                             at 30 Jun 2024




           Chemical &                                                                        Energy
          Infrastructure
                                                                                                                                                                     Property and Others
                                                                                 64.7%
        38.4% (1)                                                                                                                                                             100%
                                                                                                                                        34.00% (2)




                                                  100%                                              100%                                                  ● Office complex (Wisma Barito Pacific 1 and 2)
    ● Indonesia’s largest and only integrated                                                                                                               in Jakarta
      petrochemical company. Operates a                                                                                   ● 2,000 MW ultra
                                                                                                                                                          ● Operator of Integrated industrial park: 60 ha
      world scale naphtha cracker.                                                                                          supercritical coal-fired
                                                                                         Barito Wind Energy                                               ● JV Patimban Industrial Estate
                                                                                                                            power project
                                                                                                                          ● Consortium with PLN and       ● Mambruk Anyer Resort
                                                                                                                            KEPCO
                                                ● One of the largest
                                                  operators in Indonesia         100%                      51%
                                                  and in the world.
                                                ● 886 MW installed
                                                  capacity                 Sidrap I      Sukabumi   Sidrap II    Lombok



                                                                            ● Sidrap I 79MW operation
                                                                            ● Greenfield wind farm with potential
                                                                              capacity of 318MW

                                                                                                                                                       (1) As at 30 Jun 2024. Direct 34.5% and indirect 3.9%
                                                                                                                                                       (2) Indirectly though PT Barito Wahana Lestari (“BWL”)
                                                                                                                                                                                                                5
                                                                                                                                                           and PT Barito Wahana Tenaga (“BWT”)
Page 6
1   Barito Pacific At Glance
    B. 40 years of National Development Contributions
         1979                                             2011                                         2021
         ▪ Barito Pacific                                 ▪ Chandra Asri and Tri                       ▪ Chandra Asri                                        2023
           established                                      Polyta merger                                successfully                                        ▪ BREN IPO
                                                          ▪ SCG Chemicals Co. Ltd                        completes Rights                                    ▪ Establishing Barito
         1993                                               acquired 30.0% stakes                        Issue, Thai Oil as                                    Wind Energy and
                                                            on Chandra Asri                              strategic partner on                                  subsequently
         ▪ Barito Pacific go
           public                                                                                        CAP2 project (15%)                                    acquiring three
                                                                                                                                                               greenfield wind farm
                                                                                                                                                               assets




                            2007                                               2018                                             2022
                            ▪ Acquired 70,0% PT                                ▪ Barito Pacific Acquired                        ▪ Establishment of Barito
                              Chandra Asri and                                   Star Energy                                      Renewables (BREN)
                              subsidiaries, PT Styrindo                        ▪ Signed PPA with PLN for                        ▪ Green Consolidation
                              Mono Indonesia                                     Java 9 dan 10 (2 x                               through acquisition of
                                                                                 1,000MW)                                         additional stakes on WW,
                            2008
                                                                                                                                  Salak, and Darajat
                            ▪ Acquired 77,93% PT Tri
                              Polyta Indonesia Tbk




                                                                                                                                                                                      6
Page 7
1   Barito Pacific At Glance
    C. Core Portfolios
    1     Chemical & Infrastructure                   2   Energy                                             3 Property
        Chemical                                          Renewable Energy Power Plant                         Office
                                                                       Geothermal Renewable Energy with                     ▪ Office tower in CBD area of
                   Integrated Petrochemical complex                                                                           Jakarta
                                                                       886MW capacity
                   4.2Mtpa Capacity                                                                                         ▪ Designed     with    Green
                                                                       ▪ Baseload power
                                                                                                                              Concept
        ▪ Strategic Vital National Object
        ▪ Market Leadership in highly attractive                                                               Residential
                                                                       Wind Power Farm 79MW                                 ▪ Exclusive residential with
          Indonesia and SEA petrochemical market
                                                                       capacity                                               six cluster
                                                                                                                            ▪ +/-50ha of a land plot in
                                                                       ▪ The 1st wind farm in Indonesia
                                                                                                                              Western Jakarta
                                                                                                                            ▪ Soft launch in 2024

        Infrastructure                                     Thermal Power Plant                                 Industrial
                   120MW Combined Cycle                                  2 x 1,000MW USC Coal-Fired                         ▪ Griya Idola Industrial Park:
                   Renewable energy capability with                      Power Plant                                          110ha
                   solar power technology                                                                                   ▪ Patimban Industrial Estate
                                                            ▪ Ultra Supercritical Coal-Fired power project
                   ~3,000lps                                  developed under a BOOT scheme                     Hospitality
                   Water Treatment Facility                 ▪ Scheduled for COD in 2024 & 2025
                                                                                                                            ▪ Mambruk Hotel
                   166,000DWT                                                                                               ▪ 153 bedrooms at +/- 7ha
                   Jetty & Tank                                                                                               landscape




                                                                                                                                                            7
Page 8
2   Business Overview
    A. Chandra Asri’s Portfolio
    B. Domestic Production Capacities
    C. Petrochemical Capacity Trajectory
    D. Portfolio of Renewable Energy
    E. Renewable Energy Capacity Trajectory
    F. Energy Operating Performance




                                              8
Page 9
22 Business Overview
  A. Chandra Asri’s Portfolio
  Leading chemical and infrastructure company, the largest integrated petrochemical producer, and operator of the country’s only Naphtha Cracker, Styrene Monomer,
  Butadiene, MTBE, and Butene-1 plants. Supported by energy, water, and jetty & tank facilities, CAP is also developing a world-scale Chlor-Alkali – Ethylene
  Dichloride plant.


               Petrochemical                                                                            Infrastructure
  Chandra Asri’s petrochemical streams:                                                      Chandra Daya Investasi (CDI)
   4.2Mtpa                                                             Applicable products
                                           CA EDC
   Capacity
                                      Construction                                                 Power                          Water             Jetty & Tank
                          Ethelyn                     Polyethylene



                                          Styrene
                                         Monomer


                                                                                             120MW           200MW
                          Propylene                   Polypropylene                                         Minority interest
                                                                                                                                ~3,000lps         Combined: 166,000DWT
                                                                                             Combined Cycle                     water treatment   Tanks: 125 with total
                                                                                                            on KPE                                capacity of 648,000m3
                                                                                                                                capacity
              Naphtha                                 New Generation
                                                        Synthetic
                                                         Rubber


                                                       Metil Tert-
                           Pygas         Butadiene     Butyl Ether
                                                        (MTBE)



                          Mixed C4      Raffinate-1     Butane-1


  Downstream



                                                                                                                                                                    9
Page 10
2    Business Overview
     B. Petrochemical Production Capacities in Indonesia
    Capacity ('000 tons per year)                                                                 s                                  Others        Total

    Ethylene                           900              -                -           -           -            -            -            -           900
    Propylene                          490              -              625           -           -            -            -            -          1,115
    LLDPE                              400             200               -           -           -            -            -            -           600
    HDPE                               336             250               -           -           -            -            -            -           586
    Polypropylene                      590              -               45          300          -            -            -            -           935
    Ethylene Dichloride                  -              -                -           -          760          380           -            -          1,140
    Vinyl Chloride Monomer               -              -                -           -          875          130           -            -          1,005
    Polyvinyl Chloride                   -              -                -           -          550          110           -          202           862
    Ethylene Oxide                       -              -                -           -           -            -            -          240           240
    Mono Ethylene Glycol                 -              -                -           -           -            -            -          220           220
    Acrylic Acid                         -              -                -           -           -            -            -          140           140
    Butanol                              -              -                -           -           -            -            -           20            20
    2-Ethylhexanol                       -              -                -           -           -            -            -          140           140
    Pygas                              418              -                -           -           -            -            -            -           418
    Crude C4                           330              -                -           -           -            -            -            -           330
    Butadiene                          137              -                -           -           -            -            -            -           137
    Benzene                              -              -              100           -           -            -           207           -           307
    Para-Xylene                          -              -              270           -           -            -           500           -           770
    Styrene                            340              -                -           -           -            -            -            -           340
    Synthetic Rubber                   120              -                -           -           -            -                        75           195
    Methyl Tert-butyl Ether            128                                                                                                          128
    Butene-1                            43                                                                                                           43
                     Total            4,232            450            1,040         300         2,185        620          707         1,037       10,571

        CAP offers the most diverse product range and is a dominant producer with market share of approximately 50%, 40%, and 32% of the domestic market
                                             (including imports) in olefins, polyethylene and polypropylene respectively

    Source: Company, ICIS, Nexant

                                                                                                                                                           16
Page 11
 2    Business Overview
     C. Petrochemical Capacity Trajectory – Expanding Presence in ASEAN
     Integrating Organic Growth with Strategic Acquisitions

                ~5x Revenue Growth projected from 2024-2026                                                                                 9,572      9,572

                                                                                                                             8,672           900
                                                                                                                                                                   8,501


        Total Production Volume ‘000 ton



                                                                                      4,061       4,232      4,232   4,232

                                                       3,301     3,301     3,458                               -
                                                                                       603

                                  2,576    2,676                            157
                                                        625
                     2,080                  100
                                   496
        1,510
                      570




        2005         2007         2011     2013       2016       2016      2018       2019        2020       2020    2024F   2025F          2026F      2026F       2025
                  Cracker      Merger    BD Plant     Cracker               SSBR     New PE, PP   MTBE &                        SECP         CA EDC                Oil Refinery
                 expansion with TPI & Operation     expansions           Operations, expansion    Butane 1                    *
                                                                                                                             Acquisition
                   & SMI     PE capacity                                     BD      & Furnace                                                                 +
                 Acquisition expansions                                  Expansions   Revamp

                                  2005 -2016                                       2016-2020                                               2020-2026

*Subject to regulatory approval                                                                                                                                         11
Page 12
2   Business Overview
     D. Portfolio of Renewable Energy
             BREN currently operates 886MW geothermal power                                                                         Scalable Capacity of Wind Power
              Souh Sekincau                       Wayang Windu Unit 3                         Gunung Hamiding                Sulawesi
    Status                Exploration                                               Status                    Exploration
                                         Status                  Development
    Potential capacity    495-875MW      Estimated capacity              30MW       Potential capacity             275-550




                                                                                                                                                                            Sidrap 1
                                                                                                 Salak U7                                                    Type                             Wind
                                                                                  Status                     Development                                     Installed Capacity              79 MW
                                                                                  Estimated Capacity                  40MW

                                                                                                                                                                                Sidrap 2
                                                                                             Salak Binary Plant
       Development
                                                                                  Status                     Development                                    Type                              Wind
       Exploration                                                                Expected capacity                   15MW                                  Potential capacity               69 MW
       Operational

                                                                                                                              Java Island
                                                                                                                                                                                       Development
                 Salak                               Wayang Windu                                 Darajat                                                                              Operational
    Type                      381MW     Installed capacity              230.5MW     Installed capacity            274.5MW


           The only concession
            operating within
           conservation forest
                                                                                                                                       Sukabumi                            Lombok
                                                                                                                             Type                  Wind    Type                            Wind
                                                                                                                             Potential capacity   150 MW   Potential capacity              99 MW


                                                                                                                                                                                                     12
Page 13
2   Business Overview
    E. Renewable Energy Capacity Trajectory
    Geothermal Asset Capacity Milestone (MW)

      Wayang Windu        Darajat    Salak
                                                                                               877     878             879               886


                                                                                       749

                                             622      627                637     639
                                    590

                                                                                               377.0   377.0           377.0            381.0


                385
                                                                                       377.0


                                    330.0    362.0   367.0            377.0    377.0
                                                                                               271.0   271.0           271.0            274.5
      165
                                    150.0    150.0   150.0            150.0    150.0   260.0
       110.0    330.0

        55           55             110      110     110               110     111.5   111.5   228.5   229.5           230.5            230.5

      1994       1997               2000     2002    2004             2005     2006    2009    2010    2013            2017             2021
                                                      2004:                                                    2017:                 2018:
                                                      Star Energy acquired                                     Star Energy acquired Barito Pacific Acquired
                                                      Wayang Windu                                             Salak & Darajat      Star Energy




                                                                                                                                                              13
Page 14
2     Business Overview
      F. Energy Operating Performance
     Geothermal - Average Net Capacity Factor


     96%      98%       95%        96%           98%      97%       97%     97%    (1)             (2)    96%                         95%                  96%    98%
                                                                                            94%                  94%    94%    92%           94%    93%                  91%
                                                                                   84%             81%
                                         79%




     2004     2005     2006       2007   2008    2009     2010      2011    2012   2013     2014   2015   2016   2017   2018   2019   2020   2021   2022   2023   2Q23   2Q24


     Wind - Average Net Capacity Factor

                    36.0%
      34.0%                                                      33.1%              32.3%
                                 31.1%
                                         29.1%
                                                                           26.0%
                                                   23.1%



                                                                                               Consistent Net Capacity Factor > 30% since inception, except in
                                                                                               2021 & 2022, which were effected by El Nino

      2018        2019           2020    2021      2022          2023      2Q23    2Q24
(1) Darajat Maintenance outage                                                                                                                                                  14
(2) Wayang Windu land slide
Page 15
 3   Key Investment Highlights
     A. Market Leader in Petrochemical & Renewable Energy
03   B. Well-Positioned to Capitalize on Favorable Industry Outlook
     C. Proven success in Driving Growth
     D. Growth through Strategic Partnership




                                                                      15
Page 16
23 Key Investment Highlights
  A. Market Leader in Petrochemical & Renewable Energy

  Economies of Scale Fuel Operational Excellence and Broad Market Reach
             Petrochemical - Domestic Capacity                                                    Geothermal – Global Capacity
   Mtpa                                                                               MW
    4.232
                                                                                    1,185



                                                                                            984   980
                                                                                                        917
                                                                                                              886
                                                                                                                    793
                                                                                                                          725
                                                                                                                                683   672
              2.185


                                                                                                                                            489
                                                                                                                                                  423
                                                                                                                                                        345   330
                        1.04                                               1.037

                                  0.707
                                           0.62
                                                      0.45
                                                                  0.3



   Chandra    ASC     Pertamina   TPPI    Sulfindo    Lotte     Polytama   Others
     Asri                                            Chemical   Propindo




                                                                                                                                                                    16
Page 17
3                Key Investment Highlights
    B. Well-Positioned to Capitalize on Favorable Industry Outlook
    Petrochemical                                                                                                                                                                                     Renewable Energy
    1                                 Attractive growth fundamentals                              2                         Market Leader                                                              1         > 50% new power addition from renewable energy
                                                                               7.2%
                                       Indonesia        RoW
                                                                 6.2%
                                                                                                      Import                                    Pertamina             Polytama        LCT     CAP                        Solar Farm;                                            Other renewable;
                                                                                                                                                                                                                         4,680 ; 12%                                               2,497 ; 6%
                                  4.6%
                                                   4.0%
                                                                                                                                      28


                                                                                                                                      22
                                                                                                                                                                 36                      51
                                                                                                                                                                                                                     Geothermal
                                                                                                                                                                                                                   (PLTP); 3,335 ;
                                                                                                                                                                                                                                                                      4             Coal (PLTU);
                                                                                                                                                                                                                                                                                    13,819 ; 34%
                                         2.9%             3.0%
                                                                        2.2%
                                                                                                                                                                 24
                                                                                                                                                                                          2
                                                                                                                                                                                                                         8%                      40.6GW
                                                                                      1.8%                                            50                                                 16
                                                                                                                                                                 40
                                                                                                                                                                                         32                                                                                             Gas
                                                                                                                                                                                                               Hydropower
                                                                                                                                                                                                                                                                                  (PLTG/MG/GU
                                                                                                                                                                                                             (PLTA); 10,391 ;
                                       PE               PP         SM               BD
                                                                                                                                                                                                                                                                                    /D); 5,833 ;
                                                                                                                                    Olefins                      PE                      PP                        26%
                                                                                                                                                                                                                                                                                        14%
                                                                                                                                                                                                           Source: PLN RUPTL 2021-2030
    3                                 Low PE & PP consumption per capita                                                                                                                              2       Geothermal & Wind Potential
                    PE                                                                                                  PP                                                                                                    ​9.4           ​23.8                                     ​+400%
                                                                                                                                    30
                                                                                                                                                                           Northeast                                          3.8                                                                  750
                                                                                                      Consumption per capita (Kg)


                                  70
                                                                                                                                               West Europe
    Consumption per capita (Kg)




                                                        North America                                                               25                                     Asia                            In GWe
                                  60               61                                                                                                             24
                                                                                                                                                                                                                              2.5             9.5
                                  50         50                  52 Northeast Asia                                                  20            20
                                                                                                                                              North 17           Middle East                               ​14.4              3.1                          ​Sumatra
                                  40        West Europe                                                                             15                                           Southeast
                                                                                                                                              America       13                                                                                             ​Java
                                  30                             30 Middle East                                                                                                  Asia                      5.7                                             ​Others
                                                                                                                                    10
                                                                  23 Southeast Asia                                                                                          9                                                                8.1
                                  20                                                                                                                                       7 Indonesia
                                                                 12 Indonesia                                                        5
                                  10
                                                                                                                                                                                                           5.6                                                            150
                                  -                                                                                                  0
                                       0%           2%           4%            6%            8%                                          0%            2%             4%         6%           8%                                              6.2
                                            Projected CAGR Growth (%)2021-2030F                                                               Projected CAGR Growth (%)2021-2030F                          3.1
                                                                                                                                                                                                                                                                          ​2022                    ​2030
                                                                                                                                                                                                       ​Reserves           ​Resources   ​Total Potential
                                                                                                                                                                                                    Source: Energi Panas Bumi Indonesia - Geothermal | Indonesia Investments (indonesia-
Source: Company, Nexant 2022                                                                                                                                                                        investments.com), PLN, Ministry of Energy & Mineral Resources                                          17
Page 18
3   Key Investment Highlights
    C. Proven Success in Driving Growth
                                                 US$9.5billion Capex (2015-2024: US$5.1b + 2024-2027: US$4.4b)
                                                                                            53.5%                                                           34.2%               12.3%
                                              COD                                       Construction                                         Pipeline
    Consistent organic expansions with the capacity to liberate inorganic growth avenues

                                      Completed (COD) & Acquisitions                                                              Pipeline 2024-2027
     Cracker       Salak &     SBR JV        New Plant PE &                                                                           US$ million
                                                               MTBE &                                      Wind
     Expansion     Darajat     Michellin     PP                                                         Acquisition
                                                               Butane      Acquired     KDL & KTI
     & Tam       acquisition                 Debottlenecking                                                                                            •   Development of new capacity
                                                                           additional   Acquisition
                               Star Energy                                                                                                                  on existing operation US$346
                                                               Enclosed      stakes                                      5,096
                               Geothermal    Furnace Revamp                                                                                                 million
                                                                Ground     WW, Salak
                               acquisition                       Flare     & Darajat                                                    4,446
       US$ million
                                                                                                                                                        •    Reconfigured CAP2 CA-EDC
                                                                           5.0
                                                                                                                                                             Plant +/-US$800m


                      2,103


                                    1,232                                                                                                               •    US$3.3b: Ready for COD

                                                   468                           545
          380
                                                                145                          223
                                                                                                             100

         2015         2017          2018          2019         2020              2022       2023            2024      Total '15-'24   2024-2027

                       BREN                      IRT                      BRPT                        CAP                     Total



                                                                                                                                                                                           18
Page 19
3   Key Investment Highlights
    D. Growth Through Strategic Partnerships

     1     Key Partners in Chemical & Infrastructure



               2011                     2013                            2021                 2023                 2023                     2024                           2024

    Acquired 30% stake in CAP     JV Partner in the              Strategic Partner for   Partner in the      JV Partner in Energy       JV Partner in            JV Partner in acquiring
    in 2011.                      Synthetic Rubber               the development of      energy & water      Business (KPE) –           infrastructure           Refinery, Ethylene
                                  business                       CAP 2                   infrastructure      Elecricity Provider        business via CDI         Cracker & Downstream
    Currently owns 30.57%.                                                               business                                                                Chemical Assets of SECP
                                  (45% held by CAP and           Acquired 15% stakes                                                    30% ownership on
    Providing synergy through     55% held by Michelin)          through rights issue                                                   CDI
    technical & Operational
    expertise and access to
    Thai financial institution


     2     Key Partners in Energy



            2012                          2014-2022                        2016          2024                            2019                              JOC Partners

                                      Partnered      on    the           2016: Partnered on the           Partnered with Barito Pacific in the
    Partnered with Star Energy on                                                                                                                    JOC partner in        WW,
                                      acquisition of Salak and           acquisition of Salak and         development of Java 9 & 10, a 2 x
    the acquisition of Salak and                                                                                                                     Salak, and Darajat
                                      Darajat      geothermal            Darajat geothermal assets        1,000 MW ultra supercritical coal-
    Darajat geothermal assets from
                                      assets from Chevron on             from Chevron on 31 March         fired power project
    Chevron on 31 March 2017.
                                      31 March 2017                      2017
    Acquired 20.00% stake        in
    Wayang Windu in 2012(1)           Invested until 2022                2024: Strategic Partners in
                                                                         Wind Development Co.



                                                                                                                                                                                           19
Page 20
4   Projects: Existing & Pipeline
    A. Chemical & Infrastructure
    B. Energy
    C. Property




                                    20
Page 21
4 Projects: Existing & Pipeline
  A. Chemical & Infrastructure
  Existing Projects (On-going)
  Projects                    Status                   Capex                         Estimated Completion

        CA-EDC                FID                      +/-US$800 million                    2026
                              Ground Breaking 2024

        SECP Acquisition      CSPA with Shell          Pending Regulatory Approval          2024



  Pipeline Projects

  Projects                    Status                  Capex                          Estimated Completion

      200MW Gas Power        Subject to FID          Up to US$200 million
      plant                                          equity investment post FID            TBA


      30MWp Floating Solar   Feasibility Study       TBA                                    TBA
      Farm




                                                                                                            21
Page 22
4 Projects: Existing & Pipeline
  B. Energy - List of Projects
  Development Projects On Existing area
  Projects                       Status             Capex            Estimated Completion      Capacity
         Retrofit & uprating
                                    FID                                   2025-2030            +34.6MW
         on existing                                US$107 million
         geothermal plant

         New Units of WW3
                                    FID             US$239 million        2025-2030             +70MW
         & Salak 7

  Total Renewable Energy                            US$346million         2025-2030            +104.6MW

          USC Coal-Fired       Under Construction   US$3.3 billion       2024 & 2025           +2,000MW
          Power Plant

  Greenfield projects
  Projects                       Status              Capex           Estimated Completion   Capacity Estimate

         Souh Sekincau           Preparation            TBA              2027-2030             495-875MW


         Hamiding                Preparation            TBA              2027-2030             275-550MW


         Sidrap II,              Preparation            TBA                                     318MW
                                                                         2027-2030
         Sukabumi, Lombok

                                                                                                                22
Page 23
4 Projects: Existing & Pipeline
  C. Property

     Industrial Estate Cikupa   Wisma Barito Pacific I   Wisma Barito Pacific II       Vision
                                                                                       To be a leading, innovative, and trusted property
                                                                                       development company


                                                                                       Mission
                                                                                       Developing, acquiring, and managing a diverse
                                                                                       portfolio of quality property developments with the
                                                                                       highest standards of professionalism and integrity

                                                          Patimban Industrial Estate




      Mambruk Hotel               Warehouse in Cilegon      Residential Tangerang




                                                                                                                                             23
Page 24
 4   Financial Updates
     A. Key Financial Summary
02   B. Safeguarded Capital structure Amid Expansions
     C. Diversified Funding Resources




                                                        24
Page 25
4 Financial Update
 A. Key Financial Summary
 Revenue (US$m)                                                  EBITDA (US$m) & EBITDA Margin (%)                             Net profit after tax (US$m)
  3,156                                                                                                30.2%
                  2,962                                           25.3%
                                 2,760                                                         22.2%                23.4%
  537
                   570                                             797          16.0%
                                 595
                                                 6M24              356                         612                               296
                                                                                                               6M24
                                                                                 475            130
                                             1,374                                                                                                         6M24
                                                         1,159                   476            502
  2,580
                   2,385                      297                  441                                 349
                                 2,160                    290                                                       271
                                                                                                        95                                     100
                                                                                                                                                      82
                                             1,074                                                      249           248                                         50
                                                          866                                                                           32

  2021            2022           2023        6M23        6M24     2021          2022           2023    6M23         6M24         2021   2022   2023   6M23        6M24
                                                                          Barito Renewables             Chandra Asri Pacific
          Chandra Asri Pacific   Barito Renewables   Others
                                                                          EBITDA margin BRPT


   1        Volatility driven by China’s economic uncertainty and scheduled Turnaround Maintenance, reducing production.


    2        EBITDA margin supported by strong energy and infrastructure performance.


   3         Well-positioned to weather volatility with consistent, effective expansion plans



                                                                                                                                                                         25
Page 26
54 Financial Update
   B. Safeguarded Capital Structure Amid Expansions
  Net Debt to Equity (x)                                 Fixed vs. Floating (%)

                                                              17%
                                                                           29%              31%              31%               34%


                                                 0.73x
                  0.63x      0.60x      0.6
                                                              83%
                                                                           71%              69%              69%               66%
       0.18x



       2021       2022       2023      6M23      6M24         2021         2022           2023               6M23              6M24
                                                                                    Fixed         Floating

  Debt to Capital (%)                                     Debt composition

                                                                          IDR Bank Loan
                                                                               10%

                 51.6%     50.90%    50.91%    52.03%
                                                                                                                    USD Bank
      42.0%                                                          IDR Bonds                                        Loan
                                                                        21%                                           36%



                                                                             USD Bonds
                                                                                33%

      2021       2022      2023      6M23       6M24


                                                                                                                                  26
Page 27
54 Financial Update
  C. Diversified Funding Sources
  Debt as per 6M24
  Bank Loan              Amount (USDm)                      Interest     Avg. Cost of Debt
                                                                                               ▪ Strong funding capability track record
  USD                                    1,628                   7.06%                         ▪ Successfully raised series of funding to support expansions

                                                                               6.98%
                                                                                               ▪ Strategic partnership as additional funding resources
  IDR                                       481                  6.71%

  Total                                 2,118                                                  Bonds Rating                    Pefindo       Moody’s      Fitch
  Bonds                  Amount (USDm)                     Interest      Avg. Cost of Debt     Barito                            A+             -           -

  USD                                   1,466                    5.18%                         CAP                              AA-             -           -

  IDR                                      365                   8.78%                         BREN                             AA-
                                                                               5.86%
  IDR Hedge                                537                   5.61%                         Salak Darajat Green Bond           -           Baa3        BBB-

  Sub-total *                           2,368                                                  Wayang Windu Green Bond            -           Ba3         BB-

  * Differential with FS due to amortization of financial cost


  Equity Strategic                                           Year            Amount Raised           Strategic Investors                 Public portion

                                                                                                              US$645 million
        Chandra Asri Rights Issue                           2021              US1.1 billion                                               US96 million
                                                                                                              US$326 million

        Chandra Daya Investasi                              2024              US$194 million                  US$194 million             -

                                                                                                                                                           27
Page 28
6   Environment, Social, and Governance
    A. Purposeful Growth
    B. Social and Environmental Awards & Achievements




                                                        28
Page 29
6 Environment, Social, and Governance
     A. Purposeful Growth
     ESG - On the path of continuous improvement
     Rating Provider               2020 Score              2021 Score              2022 Score             2023 Score            2024                 % of
                                                                                                                                                   revenue
     MSCI ESG LEADERS √            BB                      BBB                     A                      A                     A
     Sustainalytics (BRPT)         34.1 (High Risk)        27.2 (Medium            26.2 (Medium Risk)     24 (Medium Risk)      24 (Medium Risk)    100%
                                                           Risk)
     Sustainalytics (TPIA)         Not rated               Not rated               17.7 (Low Risk)        16.6 (Low Risk)       16.3 (Low Risk)     80%
     Sustainalytics                                                                17.3 (Low Risk)        17.3 (Low Risk)       17.3 (Low Risk)      6%
     (Wayang Windu)
 •     Chandra Asri received an overall ESG Risk rating Score of 17.7 “Low Risk” from Sustainalytics & included in the IDX ESG Leaders.

 •     Barito Pacific: upgrade of MSCI ESG Leaders rating from BBB to A in 2022

 •     Issue 2 green bonds worth US$1,690m

                                                           Four Pillars of Yayasan Bakti Barito :

                                        Education           Environment                Social                 Economy
                                     • Teacher training    • Reforestation and       • Health program     • Integrated
                                     • Scholarship           green corridor          • Infrastructure       farming
                                                             development               development        • Integrated
                                     • Vocational
                                       education           • Waste                   • Supporting and       coffee
                                                             management                empowering local     plantation
                                     • Early childhood
                                       education           • Springs water             communities        • Urban farming
      baktibarito.com                                        revitalization
                                     • Smart Kiosk
                                                                                                                                                          29
Page 30
56 Environment, Social, and Governance
      B. Social and Environmental Awards & Achievements
       Barito Pacific and its subsidiaries earned recognition for reducing
       emissions and preserving the environment
       •     Barito Pacific and Chandra Asri Pacific: Environmental, Social, and Governance (ESG) Report Award from
             Investor Daily Indonesia.
       •     Chandra Asri Group & Bakti Barito: Construction of a 50 km plastic asphalt road in the Garut Regency area
       •     Barito Pacific: first place ranking in the 2024 Sustainability Action for Future Economy (SAFE) Awards
       •     Barito Pacific: two awards in the categories of Basic Materials and Outstanding Growth in the Fortune
             Indonesia 100
       •     Chandra Asri Group: Best CSR & ESG Leadership Award, organized by Pinnacle Group International
       •     Star Energy Geothermal, in collaboration with Mount Halimun Salak National Park Authority (BTNGHS),
             facilitated the release of Javan Eagles into the wild.


           Rise of Key Conservation Species Population
           Testament of the health of the forest ecosystem surrounding Salak power plant




            Javanese hawk-eagle                   Javanese Silvery Gibbon                      Javanese leopard
               9 → 16                                6 → 14                                    6 → 15
               (2018)        (2022)               (2018)            (2022)                    (2018)         (2022)

                                                                                                                                                                 30
Source(s): 1“Garda Konservasi: Sinergi Perlindungan Kekayaan Hayati Halimun-Salak” (2020); 2“Dokumen Ringkas Kinerja Pengelolaan Lingkungan” (SEGS Ltd., 2022)
Page 31
Thank you

3
            Office Address:                    Contact Investor Relation/Corporate secretary
            PT Barito Pacific Tbk              Email: Investor.relations@barito.co.id/Corpsec@barito.co.id
            Wisma Barito Pacific II, Fl 23     Tel: +6221 530 6711
            Jl. Letjen. S. Parman Kav. 62-63
            Jakarta 11410




                                                                                                        31

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linked person Prajogo Pangestu p.5
linked org Chandra Daya Investasi p.9 ×2
linked org Fortune Indonesia p.30
possible org Barito Pacific Tbk p.1 ×27
possible — SCG Chemicals p.6
possible org Chandra Asri Pacific p.25 ×3
unresolved org PT Barito Wahana Lestari p.5
unresolved org PT Barito Wahana Tenaga p.5
unresolved org SCG Chemicals Co. Ltd p.6
unresolved org PT Styrindo p.6
unresolved org Tri Polyta Indonesia Tbk p.6 ×2
unresolved org Ministry of Energy & Mineral Resources p.17
unresolved org Yayasan Bakti Barito p.29
unresolved org SEGS Ltd. p.30

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