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PUBLIC EXPOSE
PRESENTATION
PT ALKINDO NARATAMA Tbk
20 Juni 2024
November 2023
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Disclaimer
The information contained in this presentation material has been taken from sources which we deem reliable. However, none of PT Alkindo Naratama Tbk
and/or its affiliated companies and/or their respective employees makes any representation or warranty (express or implied) or accepts any responsibility or
liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in
this report or any other such information or opinions remaining unchanged after the issue thereof.
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otherwise, in the presentation material and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise
is hereby expresses disclaimed.
The information contained in this presentation material is not be taken as any recommendation made by PT Alkindo Naratama Tbk or any other person to
enter into any agreement with regard to any investment mentioned in this document. This presentation material is prepared for general circulation It does
not have regards to the specific person who may receive this presentation material In considering any investments you should make your own independent
assessment and seek your own professional financial and legal advice.
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Table of Contents
ALDO in a Brief
ALDO’s Business – Paper
ALDO’s Business – Chemicals
Performance
ESG, Awards, Etc.
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ALDO in a Brief
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Business Group
PT Alfa Polimer Indonesia (ALFA)
Manufacturer and distributor for water- Paper
based polymer and specialty chemicals
Chemical for a diverse industrial application PT Alkindo Naratama Tbk (ALDO) Business
Acquired 2013 Packaging Manufacturer
Business Established 1989
PT Eco Paper Indonesia (ECO)
Manufacturer of Recycled Brown Paper
PT Swisstex Naratama Indonesia (Swisstex) Acquired 2019
Market and distributor textile chemical products
Acquired 2011
PT Alkindo Naratama Tbk
Integrated Paper & Chemicals Solution
Provider
(listed in IDX since 2011)
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Green Loan Financing
Green Loan
Rp 42 billion
on March 2023
99%
Green Loan
Rp 472 billion
On 10 June 2022
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Business Model
& Group Value Chain ALDO Group strive to look for
new opportunities in the
Wood, Furniture, market through the synergy of
Coating Industry, etc. Paper and Chemical Business.
Sole distributor
and agent for To distribute Textile Dyes and Chemicals to In the future, ALDO Group
PT Swisstex expect future growth driver
Naratama Indonesia from FMCG and F&B industry
Also supplies Distributed to
Water-based
Produces through Alkindo’s Papercore,
Polymer as Textile Industry Paper Bag, and Paper Box
adhesive and
coating to Paper Tube products as well as ECO’s
Brown Paper.
Supplies Paper Box & Paper Bag for
Supplies Water-based Polymer
as adhesive and coating to Online F&B
PT Alfa Polimer PT Alkindo Naratama
Produces Ordering
Indonesia Indonesia Tbk
Packed
Produces film into
Also distributed to Distributed to packaging to
Also supplies Distributed to
Water-based
Polymer as Papercore
adhesive and Production Flexible Packaging FMCG Industry
Produces
coating to waste collected Industry
in
Also distributed to Manufactures
PT Eco Paper Brown Paper
Indonesia Distributed to
FMCG Industry
Corrugator Industry Corrugated Box
Supplies Old Corrugated
Containers (OCC) to Production waste collected in
Recycled Waste
Collection Legend: ALDO Group Target Industry
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Milestones
Capacity Expansion &
Products Launch
PM2 commissioning –
Rights Issue II FY23 capacity would be
220,000MT (ECO Paper)
Rights Issue I through the Acquisition of 48% share
Listed in IDX share placement of PT Swisstex Naratama New F&B products
(Ticker: ALDO) mechanism (inbreng) Indonesia (Swisstex)
PT Alkindo Naratama launched (Paper cup,
Established in Bandung bowl, bucket)
Acquisition of 51% share of Acquisition of 99% share Acquisition of 48% share
PT Swisstex Naratama of PT Eco Paper of PT Alfa Polimer
Production line: Groundbreaking of
Indonesia (Swisstex) Indonesia (ECO) Indonesia (ALFA)
Paper Tube Solar Panel
1989 2011 2019 2021 2023
2007 2013 2020 2022
Acquisition of 51% share New Production Obtaining green loan
New Production
of PT Alfa Polimer line: Paper Box & from HSBC and BCA
line: Papercore,
Indonesia (ALFA) Paper Bag (ECO)
Honeycomb, Edge
Protector
New product:
Hexa Wrap
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Group & Shareholders Structure
Group Structure Shareholders Structure
Willy Soesanto
(Director)
1,69%
Lili Mulyadi Sutanto
Erik Sutanto (Founder – Commissioner)
(Director)
3.12%
Integrated Paper & Chemicals Solution Provider 0.89%
Herwanto Sutanto
(Founder – Director)
99% 99% 99% 1.82%
PT Swisstex Naratama PT Alfa Polimer PT Eco Paper
Indonesia (Swisstex) Indonesia (ALFA) Indonesia (ECO) Public
Distributor of textile dyes & Manufacturer of Manufacturer of recycled
25.44%
chemicals water-based polymer brown paper
Other Shareholders: Other Shareholders: Other Shareholders: PT Golden Arista International
Herwanto Sutanto (1.00%) Very Budiawan (1.00%) Herlambang Putra Surjadi (1.00%) (Founding Company)
67.04%
As of March 2024 9
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Management
Board of Commissioners
Lili Mulyadi Sutanto Erik Sutanto Meigi Sonnata Widjaja
President Commissioner Independent
Commissioner Commissioner
(Founder) In addition to his busy
activities in marketing, Has worked in several
Has 30+ years of experience operations and information companies in the field of
in Paper business which led systems, he also often Finance & Accounting. Was
him to establish ALDO as provides motivations in the appointed as a Commissioner
Packaging business. Was Company’s internal events. since 2022. He will oversee the
appointed as President Was appointed as Department of Finance,
Commissioner since 2011 Commissioner since 2022 Accounting & Tax
Board of Directors
Herwanto Sutanto Willy Soesanto Kuswara
President Director Director Director
(Co-Founder)
Has been a Director in PT Alfa Experience as an auditor led
Has 18+ years of experience Polimer Indonesia, a subsidiary him to work in accounting
in a multinational company since 2013. He was appointed and finance in several
in the field of Textile as a Director since 2022. He will companies. Was appointed
Chemistry led him to join Mr. focus on the production and as a Non-Affiliated Director
Lili to establish ALDO. Was operation of the Company. since 2011. He is Finance
appointed as Managing Director and Corporate
Director since 2011 Secretary of the Company.
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Locations
PT Eco Paper
Indonesia (ECO)
Padaasih, Cibogo,
Subang, Jawa
Barat, Indonesia
PT Alkindo Naratama Tbk (Alkindo)*
Jl. Industri Cimareme, Cimerang,
Padalarang, West Bandung Regency,
Indonesia
PT Swisstex Naratama
PT Alfa Polimer Indonesia (ALFA) Indonesia (Swisstex)
Jl. Industri Cimareme, Cimerang,
Padalarang, West Bandung Regency,
Jl. Terusan Pasir Koja,
Bandung, Indonesia West Java
Indonesia
*) Alkindo has 2 different site in Cimareme Industry Complex
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Market
United States
Pakistan
Bangladesh
Vietnam Legenda:
United Arab Emirates Thailand
Guatemala Singapore Alkindo
Malaysia
Ethiopia Philippines Swisstex
Sri Lanka
Nigeria
ALFA
Kenya Indonesia
ECO
New Zealand
Key Customer
FMCG Corrugator Flexible Packaging Non-textile Filament
Furniture Hexa Wrap Textile
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Paper
PT Alkindo Naratama Tbk (ALDO) Business
Packaging Manufacturer
Established 1989
ALDO’s Business – Paper
PT Eco Paper Indonesia (ECO)
Manufacturer of Recycled Brown Paper
Acquired 2019
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Alkindo’s Products
Papercore Brown
Papercore is a bobbin Paper
for plastic film, paper, (Recycled)
cloth, and foil
Paper Tube
Paper tube is a bobbin for
different types of yarns that
produced in various diameter
sizes, thicknesses, and lengths
Hexcell
Honeycomb
Honeycomb is cardboard Edge Protector
shaped like a honeycomb
used as a substitute product The edge protector is a sheet of
for interiors and furniture paper that is produced through a
made from wood certain process to make it solid
like wood used as corner
protector for fragile products
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Alkindo’s Latest Products Expansion
Paper Box Paper Bag
Food box packaging is a Paper Bag is bag made of
packaging made of paper recycled paper which are
that can be used as a commonly used as shopping
container for food, medicine, bags and packaging
cosmetics, and others
Hexa Wrap Paper Cup, Paper
Bowl, Paper Bucket
Completely paper based made of
100% brown paper with FSC Made from FSC materials
certified, Offer cushioning and certified for serving F&B
product protection, lightweight, items, they are lightweight,
and cost effective easy to carry, and can be
disposed responsibly
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ECO’s Products
ECO is one of the developing manufacturer of industrial paper in Indonesia that
produces a wide range of paper products with the environment-friendly concept
that uses waste paper products as its raw materials. By not using virgin pulps, the
company recycles used cardboards into various industrial paper products
Kraft Liner
Kraft liner is paper or paperboard produced from
recycled paper produced in the kraft process
(paper food box, paper bag, etc)
Eco Board
Eco board is an environmental friendly
alternative to MDF, OSB or fiberboards, that does
not release nor contain formaldehyde toxin
(stationary, card, etc)
Core Board
Core board is another type of kraft paper which is
broadly used for making high quality cores
(papercore, papertube, etc)
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PT Alfa Polimer Indonesia (ALFA)
Manufacturer and distributor for water-
based polymer and specialty chemicals
Chemical for a diverse industrial application
Acquired 2013
Business
ALDO’s Business –
Chemicals
PT Swisstex Naratama Indonesia (Swisstex)
Market and distributor textile chemical products
Acquired 2011
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Textile Chemicals Products
Distributed by Swisstex
Swisstex is an agent and distributors of textile dyes and
chemicals for HUNTSMAN whose marketing areas all over
Indonesia
Swisstex is a textile dyes and textile chemicals distributor
for: Archroma, a major global chemical company.
Textile chemical products distributed by Swisstex are
Novacron, Terasil, Novasol, Lyoprint, Albatex, Eriopon,
Uvitex which is mainly textile dyes for all major fibers,
including cotton, polyester, wool, nylon, silk and acrylic.
The application is used for apparel, home textile, and
sportswear.
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ALFA’s Products
ALFA specializes in manufacturing water-based polymers
for a diverse industrial application. Relentless strive for
innovation and attention to detail has made ALFA’s
products to be a market leader for many applications
ALFA manufactures three main registered trademark
water-based polymer products, which are ALFACHEM®,
ALFABOND®, and ALFACOAT®.
ALFA’s water-based polymer products are used by Wood,
Paint, and Roof Coating industries.
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3M24 Performance
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3M24-23 Performance
SALES 3M24-23
Net Income 3M24-23
93
87
24% 924% 13
303 391
1
3M23 3M24
Paper Chemical 3M23 3M24
Ratio 3M23 3M24
Gross Margin 12,8% 16,5%
Net Profit Margin 0,3% 2,7%
ROA (annualised) 0,3% 2,9%
ROE (annualised) 0,7% 6,3%
Current Ratio 132,4% 127,9%
DER 113,7% 119,5%
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Awards, ESG, Etc
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Commitment in ESG: Started the
Groundbreaking of Solar Panel
o PT Eco Paper Indonesia started the groundbreaking for
solar panel project on August 2023.
o The installation size 3.033 MWp. 25 years impact:
energy generation 96,720 MWh, and reduce carbon
emission of 75,906 tons CO2 or equivalent to installing
3,036,234 trees.
o Expected to benefit from the energy efficiency and in line
with Indonesia’s renewable energy target.
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Certification, Awards & Achievement
Certification Awards & Achievements
Award from Investor Magazine
Certification
Indonesia
from Forest
Stewardship Best Listed Company 2021 Forest,
Council (FSC) Pulp, and Paper Sector
ECO is certified as
ALDO’s Article on
Chain-of Custody Forbes Indonesia’s
until Oct 2026 Best of the Best
Award from Warta Ekonomi
Awards 2022
Indonesia
Special Mention for Very Good
Financial Performance in categories:
Timber Legality Basic Industry and Chemical in 2018
Verification
System (SVLK)
Certification Award from Forbes Indonesia
ECO is certified for • Best of the Best Awards:
purchasing of
The 50 Best Companies 2022
recycled papers for
manufacturing and • Best of the Best Awards:
sales of paper The 50 Best Companies 2021
products until Dec • Best of the Best Awards:
2029
The 50 Best Companies 2019
• Forbes Asia’s 200 Best Under A Billion 2019
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How ALDO Benefits Customers
Competitive Prices
Offer at competitive
Attractive design prices Lightweight material
Attractive design can attract Brown paper is lightweight
attention and make unboxing that helps keep a low
experience more exciting shipping cost
Sustainable Packaging Firm structure
It is made from recyclable The structure can be flexible,
brown paper with FSC Customizable but it can be firm to protect
certified the goods inside
The size, shape and
printing on the box can be
customised to suit the
customers need
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Why Invest in ALDO?
Integrated Environmentally-
Business Synergy friendly Product
ALDO integrated Paper and Recycled Brown Paper used as
Chemical solution provider raw material in manufacturing
with the subsidiaries that packaging products made from
synergized the Group’s value waste papers is considered to be
chain and target industry more environmentally-friendly
Future Growth from Another Door
Paper Business of Opportunity
With rising sustainability Through Chemical Business,
concerns, ALDO’s Paper ALDO strive to seek for
Business taking the opportunity opportunity in meeting
to capture future growth by consumer changing needs in
targeting FMCG & F&B industry line with the market trends
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PT Alkindo Naratama Tbk
Cimareme, Padalarang, West Bandung (022) 6868 300
Regency, West Java
Indonesia – 40553 alkindo.co.id
Investor.relations@alkindo.co.id
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Names mentioned 19 people and organisations named in the text · linked when the evidence is strong
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org
PT Alfa Polimer Indonesia
p.3 ×3
unresolved
org
PT Eco Paper Indonesia
p.3 ×5
unresolved
org
PT Swisstex Naratama Indonesia
p.3 ×2
unresolved
org
PT Swisstex
p.4
unresolved
org
PT Alfa Polimer
p.4 ×3
unresolved
org
PT Alkindo Naratama Produces
p.4
unresolved
org
Indonesia Tbk
p.4
unresolved
org
PT Eco Paper
p.4 ×2
unresolved
org
PT Swisstex Naratama
p.4 ×4
unresolved
org
PT Alfa Polimer Production
p.4
unresolved
org
PT Golden Arista International Herwanto Sutanto
p.5
unresolved
—
Founder
· Commissioner
p.5
unresolved
—
Co-Founder
· Director
p.5
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org
PT Alfa
p.5
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