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Page 1
                            Paparan Publik / Public Expose
                                                 1st April 2024




   Company Profile
    Profil Perseroan



                                                REVENUE
   Operational Performance 2023
    Kinerja Operasi 2023

                                         2020   2021    2022   2023



                                                Projections
   Projected Performance 2024
    Proyeksi Kinerja 2024
                                         2021    2022   2023   2024




                                                                      2




                                                                          1
Page 2
•   TANGGAL PENDIRIAN                1972
•   DATE OF ESTABLISHMENT

•   BER-OPERASI SECARA KOMERSIAL
                                     1974
•   STARTING COMMERCIAL ACTIVITIES

•   PENCATATAN DI BURSA
•   STOCK EXCHANGE REGISTRATION      1990


•   BIDANG USAHA                     INDUSTRI TEKSTIL DAN PAKAIAN JADI DENGAN FOKUS
•   BUSSINESS LINES                  SAAT INI PAKAIAN JADI / TEXTILE AND GARMENT
                                     INDUSTRY WITH FOCUS ON GARMENT


•   KANTOR PUSAT                     AXA TOWER (KUNINGAN CITY) LANTAI 43
•   REGISTERED OFFICE                JL. PROF. DR. SATRIO KAV.18, KARET KUNINGAN,
                                     SETIABUDI, JAKARTA 12940

                                     SPAZIO BUILDING LANTAI 3, UNIT 319-321
•   KANTOR ADMINISTRASI              GRAHA FESTIVAL KAV.3 – GRAHA FAMILY. JL. MAYJEN
•   ADMINISTRATION OFFICE            YONO SOEWOYO, SURABAYA 60226, INDONESIA



•   PABRIK                           JL. RAYA SOEKARNO-HATTA No. 23
•   FACTORY                          KOTA PROBOLINGGO 67212, INDONESIA


                                                                                       3




                                  PT. ERATEX DJAJA Tbk




                                                             PT. ERATEX
              PT. ERATEX GARMENT
                                                           (HONGKONG) Ltd
                      99 %
                                                                100 %




                                                                                       4




                                                                                           2
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            Shareholders           Share              %

PT. Ungaran Sari Garments       1,186,085,292       92.19%

Public holders                  100,454,500         7.81%

Total                           1,286,539,792       100.00%




                                                                  5




                 Shareholders          Share                %

    PT. Ungaran Sari Garments       1,186,085,292       92.19%

    Public holders                  100,454,500           7.81%

    Total                           1,286,539,792      100.00%




                                                                  6




                                                                      3
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                                                                                                            Market Capitalization
Period    Highest (Rp) Lowest (Rp) Closing (Rp)             Volume (Share)          Value Rp (million)
                                                                                                                Rp (million)


           2022   2023   2022   2023   2022   2023         2022        2023         2022         2023         2022        2023

 Q1        238    630    173     193   188    256     15.546.100    287.654.000    3.173,5     98.728,2     241.869,4   329.354,2


 Q2        214    316    172     122   200    189      3.565.400    326.699.300     702,7      72.980,6     257.307,9   243.156,0


 Q3        210    444    180     171   187    360      1.612.900    546.631.500     317,7      170.617,2    240.582,9   463.154,3


 Q4        505    446    175     228   470    236     220.923.900   326.986.100    66.041,9    128.049,3    604,673,7   303.623,4




                                                                                                                                    7




                                                                                                                Value Rp
         2023            Highest (Rp)         Lowest (Rp)           Closing (Rp)      Volume (Share)
                                                                                                              (full amount)

       January                  630                  276                 294                  148.775.900       62.170.915.600
      February                  320                  220                 238                   87.562.200       24.400.586.200
         March                  270                  193                 256                   51.315.900       12.156.686.100
          April                 316                  216                 222                  116.687.600       31.759.502.800
          May                   252                  193                 194                   71.350.100       16.206.956.900
         June                   214                  122                 189                  138.661.600       25.014.112.300
          July                  414                  171                 388                  328.543.200       87.509.506.900
         August                 444                  296                 378                  170.535.100       65.816.836.400
      September                 410                  332                 360                   47.553.200       17.290.839.400
       October                  424                  348                 410                  135.721.000       53.956.968.200
      November                  446                  382                 422                  129.994.600       54.477.391.000
      December                  420                  228                 236                   61.270.500       19.614.935.600




                                                                                                                                    8




                                                                                                                                        4
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                                               9




                             in thousand USD


                            120.703

                  110.084


         93.701


75.638




2020     2021      2022      2023




                                               10




                                                    5
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             REGION                         2023            2022                                   10,0%
                  USA                         53,4%           61,1%                      5,8%

             EUROPE                            4,0%            4,0%
              JAPAN                           26,8%           22,1%                 26,8%                                     53,4%

   OTHER COUNTRIES*                            5,8%            4,5%
                                                                                                   4,0%
              LOCAL                           10,0%            8,3%
              TOTAL                         100,0%           100,0%

     •      Export to Hong Kong, Italy, Korea,
            Taiwan, China, Canada, Singapore,
            Mexico, Philipine, Thailand, Malaysia                                USA     EUROPE    JAPAN       OTHER COUNTRIES*     LOCAL




                                                                                                                                           11




                                                                                                                                 2023
                                                                                                           BUYER
                                                                                                                          (in thousand USD)

Giordano Indonesia;                                                                                Premium Brand                  23.320
                                          J.JILL; 775   Others*; 1.913
          4.897
                             Talbots; 1.070                                                       Ralph Lauren Polo               17.076
 Lane
Bryant;            Biensi; 1.748                                                                   Fast Retailing GU              33.289
 2.621                             Carhartt;
                                    7.228                                                            CFL Duluth                   17.762
                   Uniqlo;                                    Premium Brand;
                                                                                                   American Eagle                 3.141
                   5.863                                          23.320
                                                                                                     Lane Bryant                  2.621

American Eagle; 3.141                                                                             Giordano Indonesia              4.897
                                                                           Ralph Lauren Polo;
                                                                                17.076
            CFL Duluth; 17.762                                                                            Uniqlo                  5.863

                                                                                                           Biensi                 1.748

                                                  Fast Retailing GU;                                      Carhartt                7.228
                                                        33.289
                                                                                                          Talbots                 1.070

                                                                                                           J.JILL                  775

                                                                                                          Others*                 1.913




                                                                                                                                           12




                                                                                                                                                6
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   The company continued its growth in 2023 at USD 121 Million (increase of 9.7% over 2022). Demand
                from local market also keep growing from 8.2% in 2022 to 10% in 2023.


      To grow business further , Company has started one joint venture in name of J&B international


      Capacity was increased inline with increase in demand from existing as well as new customers


   To safe guard our account receivables because of market situation , we started taking early payment
                                /factoring services for some major buyers

    Operations already started in new laundry building and Renovation has already started in one of old
                                           Production building

       Following efforts towards sustainability to reduce carbon foot print , Company invested in new
                              gas(PGN) boiler which got operational in Dec 23


     Due to volatile business ,we faced lot of operational challenges , due to which our bottom line has
                                                  impacted


                                                                                                           13




                                                                                         in thousand USD

                              2023                 2022                2021

PENDAPATAN                   120.703             110.084              93.701                    REVENUE

LABA KOTOR                    11.813              10.557              6.747               GROSS PROFIT

LABA USAHA                    5.997               6.586               2.889          OPERATING PROFIT

LABA (RUGI) BERSIH            2.731               3.916               1.584          NET PROFIT (LOSS)




                                                                                                           14




                                                                                                                7
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                                                             in thousand USD

                       2023      2022    2021
JUMLAH ASET LANCAR    44.673    44.657   38.551     CURRENT ASSETS
JUMLAH ASET TIDAK                                     NON CURRENT
                      35.091    34.059   34.147
LANCAR                                                      ASSETS
TOTAL ASET            79.764    78.717   72.698       TOTAL ASSETS
JUMLAH LIABILITAS
                      34.948    37.853   35.495   CURRENT LIABILITIES
LANCAR
JUMLAH LIABILITAS                                      NON CURRENT
                      19.744    17.355   17.290
JANGKA PANJANG                                             LIABILITIES
TOTAL LIABILITAS      54.692    55.208   52.784      TOTAL LIABILITIES
TOTAL EKUITAS         25.072    23.509   19.914         TOTAL EQUITY




                                                                              15




                                                            in thousand USD

                     2023      2022       2021
 JUMLAH ASET
                     44.673    44.657    38.551    CURRENT ASSETS
 LANCAR
 JUMLAH ASET TETAP   34.581    33.682    33.589        FIXED ASSETS
 JUMLAH ASET
                      510       378       558         OTHER ASSETS
 LAINNYA
 TOTAL ASET          79.764    78.717    72.698       TOTAL ASSETS




                                                                              16




                                                                                   8
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                                                                                  in thousand USD


                    79.764
                                                       78.717                      72.698
           510                               378

                                                                                   558



           34.581                            33.682

                                                                               33.589




           44.673                            44.657
                                                                               38.551




                     CURRENT ASSETS     FIXED ASSETS    OTHER ASSETS   TOTAL

                                                                                                    17




                               2023          2022          2021


RATIO LANCAR                     1,28         1,18          1,09                CURRENT RATIO


TOTAL LIABILITAS/TOTAL                                                 TOTAL LIABILITAS/TOTAL
                                 0,69         0,70          0,73
ASSET                                                                                  ASSET

TOTAL LIABILITAS/TOTAL                                                  TOTAL LIABILITY/TOTAL
                                 2,18         2,35          2,65
EKUITAS                                                                                EQUITY


IMBAL HASIL EKUITAS (%)       10,9%         16,7%          8,0%        RETURN ON EQUITY(%)




                                                                                                    18




                                                                                                         9
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                                                                                                    in thousand USD
              Projected                         2023                          2022
                                  %                             %                             %
                2024                         ( Audited)                    ( Audited)
PENDAPATAN    123.071        100,0%            120.703       100,0%         110.084      100,0%           REVENUE
                                                                                                            GROSS
LABA KOTOR     12.044            9,8%          11.813         9,8%          10.557           9,6%
                                                                                                            PROFIT
                                                                                                        OPERATING
LABA USAHA      6.507            5,3%           5.997         5,0%           6.586           6,0%
                                                                                                            PROFIT
LABA (RUGI)                                                                                             NET PROFIT
                3.150            2,6%           2.731         2,3%           3.916           3,6%
BERSIH                                                                                                      (LOSS)




                                                                                                                 19




                                                                                              in thousand USD

                          Projected 2023                2023( Audited)       Achievement in
                        VALUE            %          VALUE            %            2023

PENDAPATAN              112.000       100,0%       120.703       100,0%           107,8%                  REVENUE
                                                                                                           GROSS
LABA KOTOR              10.711          9,6%        11.813          9,8%          110,3%
                                                                                                           PROFIT
                                                                                                        OPERATING
LABA USAHA               6.640          5,9%        5.997           5,0%             90,3%
                                                                                                           PROFIT
LABA (RUGI) BERSIH       3.894          3,5%        2.731           2,3%             70,1%             NET PROFIT




                                                                                                                 20




                                                                                                                      10
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                 Sales revenue is expected to further increase to some extent

     We are expecting that business with Japanese brands will increase further in Fy 2024


  Continue to develop new product range which will help in bringing new customers on board


The Company would continue its focus on optimizing the cost structure and increase productivity


       Investing in sustainable and new technologies will be key factor in coming years


                      Interest rates are expected to remain on same level


   Overall 2024 looks to be an year of challenges in business due to volatile global economy




                                                                                                  21




                                                                                                       11

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possible person PROF. DR. SATRIO p.2
unresolved org PT. ERATEX p.2
unresolved org PT. ERATEX GARMENT p.2

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