20240624_BBRM_Public Expose_31674349_lamp3.pdf

studying several OSV vessels, some from China and some from Indonesia. So actually we will invest in
OSV, but because OSV is a very large investment, we need bank support too, to make the purchase. If we
find an OSV available, we will consider purchasing it. For the current oil and gas market in Indonesia, as
we all know, there will be many projects coming up next year, so actually we are also preparing for that.
Currently we are also conducting a survey for several OSV that could be finished next year, which are
currently half-finished.

Mr. Setiansyah (Ritel Investor):

    1. What is the difference in rates for a windfarm project with an offshoreoil & gas project?
       For the difference between windfarm and OSV projects, in the past there was a very large
       difference, but now we see that Oil and Gas projects are also experiencing an increase, so
       actually currently the difference is not big because charter prices have increased.

    2. What is the status of the vessel's contract and is there contract information that has been
       secured?
       OSV contracts owned by the Company, there are 2 Company vessels under contract in Indonesia
       until this year and currently the Company's vessels have been fully chartered. There are several
       customers who ask for more vessels but the Company cannot provide them because the
       Company does not have enough vessel.

    3. Is there potential for the company to undertake quasi-reorganization in the future?
       The company has no plans to carry out a quasi reorganization because the company still needs
       funds to develop the company's business.

    4. If the company considers adding a new vessel to be a good opportunity, then with the current
       amount of cash, what type of financing should the company undertake to purchase another
       vessel?
       The company will finance through bank loans.

Mr. Sukris (Internasional Media):

Can you explain in more detail the plans for additional vessel in 2024 as a step towards business
opportunities in 2024.

To capture opportunities, especially in Coal, currently the Company is building a SPB vessel which is
estimated to be operational in July/August with a capacity of 12,000 tons and that the largest income so
far has been dominated by offshore vessel rentals so that with world oil developments so far being
positive, the Company There will also be gradual additions to Offshore Vessel, especially at AHTS.

Mr. Dheeraj (Investor):

   1. Based on the agreement, is the delivery of the SPB vessel scheduled for the end of 2024? If
      delayed, please provide the cause of the delay.
      Yes, there is a delay from the Shipyard but we have discussed it with the Shipyard and delivery
      will probably be in July or August.

   2. Recently in the oil and gas and OSV industries there have been many mergers or acquisitions of
      rivals, does BBR have plans to do both?
      Yes, currently we have no plans for that, but we plan to work with other Companies to have
      more vessel, if there is a possibility for that.

Mr. Firmansyah Yakub (Investor):

   1. With BBRM's current cash flow, what are BBRM's investment plans for the future? Is there any
      potential for adding new vessel, especially for offshore vessel?
      Yes, as can be seen the Company has good cash flow. And currently, the loan to Marcopolo for
      the previous vessel owned has been paid off.

   2. If yes, what is the financing scheme? Will it be through RI/Private Placement/Debt?
      As we know, investing in an offshore support vessel is a large investment, so we need a loan
      from the bank if we have a vessel that we want to buy, so we need to get a bank loan.

Mr. Dheeraj (Investor):

   1. Related to loans through banks. As far as I know in this industry, banks still don't fully believe in
      the position in 2015, where many companies were unable to pay back the loans. So if there are
      plans to add a fleet or build a new vessel, is the bank ready to support the purchase of a new
      vessel?
      The bank has explained that currently in Indonesia there are many positive things in the marine
      industry at the moment, and the bank has seen it. I talked to them and said it wasn't ready for
      OSV but they knew the market was coming. So actually they are slowly changing their minds.
      Because of the many offers and projects coming in, they (banks) are slowly looking at this sector.


   2. Currently the price of vessel is high, the cost of building vessel is also very high, and I think this is
      related to vessel engines, where people are starting to doubt whether they can still use Petrol
      like the previous vessels, or whether they have switched to hybrid, gas or have completely used
      electricity. So in this regard, banks will be more careful in providing loans that depend on the
      purchase of the type of vessel because the repayment period for the new vessel is estimated at
      5 years or 7 years. Seeing this opportunity, what is BBR's plan to take advantage of the current
      market situation?
      Yes, the costs of vessel construction and shipbuilding are very high, therefore we look at our cash
      flow, what charter rate price we can get, what return we can get. We are not looking for new

        built boats, we have looked at new built boats that were built in 2015 and they provide good
        prices. So we're looking at such vessels that were just built before compared to ships that were
        just built. and now they equipped the vessels already built with equipment they had previously
        purchased. So it is better than the ones on the market.

    3. How many vessels have you seen that were built in 2015 but have not yet been completed?
       There is 1 vessel at Marcopolo Shipyard, they have half built the ship and we want to complete it,
       that is one of the options we have and we are also looking at others. Depending on the price of
       the boat and the bank financing and how much financing we will get, we will look at the next
       week or two, as we consider whether to buy second hand or whether another buyer will buy the
       item.

    4. Will most of the ships you buy be AHTS or PSV?
       Most of them are AHTS.

    5. Earlier it was discussed that the Company might be able to/could join forces with other
       companies to own vessels. How many vessels do these other companies have/how many vessels
       do they have, and which country do they come from?
       This is just the initial stage, we have that option. We see that there are several companies for the
       Indonesian market because they are already familiar with the Indonesian market.

Mr. -Iphone Safari-:

Regarding completing the Bank's debt restructuring program. How much is the debt worth?

Currently the Company has no bank debt restructuring. The last time the Company did this was in 2020
and to date the Company has no bank debt and has not restructured bank debt.

Mr. Iqbal (Suara Merdeka):

So far, if I'm not mistaken, there are dozens of customers collaborating with the Company. Is there a
target to attract new customers by 2024? Like what ?

Yes, currently we have got/worked in several overseas markets such as in Malaysia and there are several
new OSV clients to be found in Thailand. So yeah, I think for now the market is there.

Mr. Dheeraj (Investor):

Have charter rate prices in Indonesia started to increase? Because compared to overseas it is much
higher, whereas in Indonesia it still takes longer than abroad due to the tender process.

Yes, the rental prices that we have obtained in Indonesia in the past 3 quarters have been quite
competitive compared to rental prices abroad. And I think our rents are pretty good right now and have
increased compared to what they were previously.

So overall, the Company for the OSV segment has received a long-term contract in Indonesia at a
reasonable price?
Yes, rental prices have increased.

Is it with the client or with Pertamina too?
I think for some clients they have to increase their rental rates.