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Page 1
PT. FORMOSA INGREDIENT FACTORY TBK.
         PUBLIC EXPOSE 2024
Page 2
Agenda




         Company
         Profile
Page 3
    General Information



                   Company’s Highlights                       PT Formosa Ingredient Factory Tbk

    PT FORMOSA INGREDIENT FACTORY (“the              Plant 1 - Legok                                  Plant 2 - Teluk Naga
    Company”) was established in 2016 as stated      Berlian 88 Biz Estate Blok C No. 1,              Kawasan Pergudangan & Industri Laksana
    in Deed of Establishment of PT Formosa           Jl. Diklat Pemda, Bojong Nangka,                 Business Park Blok Ra 1-11, 21-31,
    Ingredient Factory No. 04 dated 11 April 2016.   Kelapa Dua, Tangerang, Banten 15810              Jalan Raya Kalibaru - Cituis, Kelurahan/Desa
    The Company is engaged in Food & Beverage                                                         Laksana, Kecamatan Pakuhaji, Kabupaten
    (“F&B”) industry since establishment until                                                        Tangerang
    present, with the current F&B market
    conditions which are currently on an uptrend,                              20 km
    especially the high demand among young                Plant 2              60 min
    people, the Company has a lot of necessity to
    grow and one way is by conducting an Initial
    Public Offering (IPO) to move the Company
    forward.                                                   30 km
                                                               90 min
                Company’s Management

    Board of Commissioners
    President                  Miss Paporn
    Commissioner               Mahattanobol
                                                                                         32 km
    Commissioner               Hengky Wijaya                                             60 min
    Independent
                               Rionaldo Thedyardi
    Commissioner

    Board of Directors
                                                                                      Plant 1
    President
                               Yunita Sugiarto EW
    Director/CEO

    Vice President Director    Dewi Irianty Wijaya

    Director                   GE, Ieyanto Yamin




                                                                                     PT FORMOSA INGREDIENT FACTORY
3                                                                       member of PT Kurniamitra Duta Sentosa Tbk Group
Page 4
    OWNERSHIP STRUCTURE




                                       PT FORMOSA INGREDIENT FACTORY
4
                          member of PT Kurniamitra Duta Sentosa Tbk Group
Page 5
    Vision and Mission Statement




                        Our Mission

       Our mission is to become an international food and beverage industry.


                    State-Of Our Vision
       Our vision is to manufacture various kinds of high-quality products and safe
       for consumption.


                 State-Of The Art Facility
       Our factory facility is hygienic, standardized and controlled for consistency,
       and quality.


                   High Quality Control

      Our factory has a standardized quality control assurance, so each product
      delivers consistently great outcome every time. With our state of the art
      technology, production is automatized and optimized to keep up with the
      demand. Lastly, Formosa Ingredient product is produced and packaged with
      the highest standard of hygiene and food safety.




                                                                                    PT FORMOSA INGREDIENT FACTORY
5                                                                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 6
Support by Notable Shareholders




                                                                                                 With over 110 team members, Texture Maker Enterprise Co., Ltd.
 PT Kurniamitra Duta Sentosa (or “KMDS”), established in 2000, is                                (“TM”) is a food ingredient R&D center and also a premix
 a company which runs business in food and beverages (F&B)                                       manufacturer. TM have an R&D team dedicated in developing new
 industry. KMDS has been established and operated in F&B                                         food textures and creating innovative mouthfeel. TM use the most
 industry for more than nineteen years. On the ground of its fast-                               updated way to improve the traditional food technology and TM
 growing business, approaching end of 2006 MONIN SYRUP of                                        know the trend all around the world. In the meantime, TM set up
 France appointed KMDS as the sole distributor of its syrup                                      market data base for our customers to check and TM provide
 products in Indonesia. MONIN, which are well-knowns for highest                                 versatile supports and services to our business partners.
 standard quality product in all of its serving countries, has been
 recognized and served F&B companies worldwide. Company                                          On the academic side, TM actively support a series of case studies
 commits to provide the best service to its customers by providing                               and R&D application plan, irregularly publish the results and help
 the best beverages solution. Meanwhile, Company strives to                                      students do what they learn from school and to create a win-win
 thrive its business and services as to be the best one stop                                     situation.
 shopping for beverages selections, including its appliances.
                                                                                                        https://www.texturemaker.com.tw/en/index.html
 The company is a one-stop shop for your beverage and
 equipment needs. Company provides free beverage
 consultations, in which the dedicated team of people will offer
 beverage solutions and advice of products and equipment that
 are appropriate for your needs and budgets.

 In addition to F&B products, KMDS also offers one stop solution
 for its business partners and customers. KMDS regularly holds
 free of charge training and consultation sessions related to the                                  Preserved Food Specialty Co., Ltd. or PFS is a manufacturer of
 application of recent food and beverages trends nowadays.                                         dry food. PFS are equipped with high technology production
 Further, KMDS has also wider its distribution networks                                            line for Freeze Dry, Spray Dry, Air Dry, Drum Dry, Frozen and
 throughout Indonesia and has given free of charge training and                                    Extraction Products for both industrial and consumer used. All
 consultation supported with educated and certified experts in                                     products are included with all kinds of seafood, meat, fruit,
 each region, with the purpose to make sure that the products                                      vegetable and herb to supply for PFS’s customers in many
 purchased by its customers can actually be well-accepted by the                                   countries.
 end consumers, and have a positive impact on business
 development of its partners.                                                                                     https://www.preservefood.net/

                    https://www.kmds.co.id/




                                                                                   PT FORMOSA INGREDIENT FACTORY
                                                                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 7
      Company Milestone
    Aug’17                                                           2019
    Start of production with the initial products Tapioca Pearl,     Export to Japan, Philippines, HK,
    Jam, Jelly and Brown Sugar Syrup                                 MY, South Korea (Tapioca Pearl).
    with the marketing of Initial Recipes / R & D products           For          Japan,        without
                                                                     preservatives. The largest export
    Oct’17                                                           is to Philippines (Tapioca Pearl).
    GMP (Good Manufacturing Process – BPOM)                                                                                                                  2023
                                                                     Dec’19                                                                        2022
    Dec’17                                                           ISO 22000:2018 – Food Safety
    BPOM license accepted                                                                                             2021
                                                                                                                                                              Bobaking
              2016                                                                                                                                         rebranding &
                                                                                                                                                              achieved
                                                                                           2020                                                              fssc22000



                                                                                                                                            Start Quaker
Company Establishment
                                                                                          Invest                                             Production
                                                                                       New Factory at                                       (April 2022)
               2017                                                                      Kawasan
                                                                                      Pergudangan &            Sales of Jelly to Maxx
                                            2019                                         Industri               Coffee and Sales of
                                                                                         Laksana               Tapioca Pearl to McD
                                                                                      Business Park           and other Key Accounts


                                                          Export Destination
                                                              Countries



                                       q Tapioca Pearl, Jam, Jelly
                            2018         and Brown Sugar Syrup
                                         started the Product
                                         Commercialization
                                                                                                                          t
                                                                                                                         IPO

                                       q First time exporting
                                         Tapioca Pearls to
                                         Vietnam.
                                       q 1 Feb’2018 – Halal
                                         Certification accepted
                                                                                                              PT FORMOSA INGREDIENT FACTORY
7                                                                                                member of PT Kurniamitra Duta Sentosa Tbk Group
Page 8
NEW OFFICE AND FACTORY




                      PT FORMOSA INGREDIENT FACTORY
         member of PT Kurniamitra Duta Sentosa Tbk Group
Page 9
NEW OFFICE AND FACTORY




                                      PT FORMOSA INGREDIENT FACTORY
                         member of PT Kurniamitra Duta Sentosa Tbk Group
Page 10
NEW OFFICE




                          PT FORMOSA INGREDIENT FACTORY
             member of PT Kurniamitra Duta Sentosa Tbk Group
Page 11
WAREHOUSE




                         PT FORMOSA INGREDIENT FACTORY
            member of PT Kurniamitra Duta Sentosa Tbk Group
Page 12
NEW PRODUCTION FACILITY FOR OAT AND SYRUP




                                                         PT FORMOSA INGREDIENT FACTORY
                                            member of PT Kurniamitra Duta Sentosa Tbk Group
Page 13
NEW PRODUCTION FACILITY FOR JELLY AND POPPING BOBA




                                                            PT FORMOSA INGREDIENT FACTORY
                                               member of PT Kurniamitra Duta Sentosa Tbk Group
Page 14
LABORATORY FACILITY




                                   PT FORMOSA INGREDIENT FACTORY
                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 15
     BOBA ACADEMY




                                 PT FORMOSA INGREDIENT FACTORY
15                  member of PT Kurniamitra Duta Sentosa Tbk Group
Page 16
Why Choose Our Products




                                       PT FORMOSA INGREDIENT FACTORY
                          member of PT Kurniamitra Duta Sentosa Tbk Group
Page 17
Products

  Tapioca Pearl                           BOOMBA! Popping Boba




Powder            Syrup




                                       PT FORMOSA INGREDIENT FACTORY
                          member of PT Kurniamitra Duta Sentosa Tbk Group
Page 18
Products

  Sauce                    Jelly




                        PT FORMOSA INGREDIENT FACTORY
           member of PT Kurniamitra Duta Sentosa Tbk Group
Page 19
New Products

 Crystal Jelly




 Cendol Bolo-Bolo




                                 PT FORMOSA INGREDIENT FACTORY
                    member of PT Kurniamitra Duta Sentosa Tbk Group
Page 20
     New Customer & New Product




                                               PT FORMOSA INGREDIENT FACTORY
20                                member of PT Kurniamitra Duta Sentosa Tbk Group
Page 21
     Company’s Key Account

                             Customer




                                                     PT FORMOSA INGREDIENT FACTORY
21                                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 22
     Client’s Product




                                     PT FORMOSA INGREDIENT FACTORY
22                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 23
     Financial Performance (1/6)
              BOBA Asset                  BOBA Asset
            (in Million IDR)            (in Million IDR)
                                                                                    • Terjadi kenaikan asset
                                                                                      sebesar 7,03%.
                                                          175.625
                                                                                    • Hal ini disebabkan
                                                                                      oleh kenaikan piutang
                                                                                      usaha pada pihak
                                    7,03%
                         164.089                                                      ketiga dan adanya
                                                                                      pelunasan       asset
         11,30%                                                                       berupa tanah dan
                                                                                      bangunan.
                                   164.089
       147.435




        2021              2022      2022                    2023




      Quality Desserts start here !
                                                     PT FORMOSA INGREDIENT FACTORY
23                                      member of PT Kurniamitra Duta Sentosa Tbk Group
Page 24
     Financial Performance (2/6)
             BOBA Liability            BOBA Liability                            • Terjadi       penurunan
            (in Million IDR)          (in Million IDR)                             liabilitas sebesar 4,5%
                                                                                   yang disebabkan oleh
                          25.732   25.732                                          penurunan utang usaha
                                                                                   pada pihak ketiga

        190,72%
                                                    4,5%




         8.851                                             24.574




         2021             2022     2022                     2023




      Quality Desserts start here !
                                                       PT FORMOSA INGREDIENT FACTORY
24                                        member of PT Kurniamitra Duta Sentosa Tbk Group
Page 25
     Financial Performance (3/6)
               BOBA Revenue                    BOBA Revenue                           • Terjadi      kenaikan
               (in Million IDR)                (in Million IDR)
                                                                                        Pendapatan    sebesar
                             121.509                                                    26,47%.
                                                                153.777
                                                                                      • Perseroan   pelanggan
                                                26,47%                                  baru yang memberikan
               63,78%                  121.509                                          peranan atas kenaikan
                                                                                        pendapatan
        74.192




        2021                  2022      2022                      2023




      Quality Desserts start here !
                                                            PT FORMOSA INGREDIENT FACTORY
25                                             member of PT Kurniamitra Duta Sentosa Tbk Group
Page 26
     Financial Performance (4/6)
            BOBA Gross Profit           BOBA Gross Profit                              • Terjadi kenaikan Gross
             (in Million IDR)            (in Million IDR)
                                                                                         Profit sebesar 12,61%.
                           37.272
                                                             41.974                    • Kenaikan ini tidak
                                                                                         seiring        dengan
                                                                                         kenaikan    penjualan
           17,82%                          12,61%                                        karena    keuntungan
                                                                                         yang berbeda – beda
                                                                                         pada setiap produk.

        31.635                      37.272




        2021               2022     2022                      2023




      Quality Desserts start here !
                                                        PT FORMOSA INGREDIENT FACTORY
26                                         member of PT Kurniamitra Duta Sentosa Tbk Group
Page 27
     Financial Performance (5/6)
       BOBA Income Earning After Tax   BOBA Income Earning After Tax                        • Terjadi kenaikan laba
              (in Million IDR)                (in Million IDR)
                                                                                              tahun         berjalan
                                                                  14.958                      sebesar 39,3%.
       17.466
                                                                                            • Hal ini disebabkan
                     38,52%                             39.3%
                                                                                              penurunan     beban
                                       10.739
                                                                                              usaha dan kenaikan
                                                                                              penjualan    segmen
                              10.739
                                                                                              produk Formosa.




        2021                  2022      2022                       2023




      Quality Desserts start here !
                                                             PT FORMOSA INGREDIENT FACTORY
27                                              member of PT Kurniamitra Duta Sentosa Tbk Group
Page 28
     Financial Performance (6/6)
       BOBA Profit Comprehensive     BOBA Profit Comprehensive
            (in Millions IDR)             (in Millions IDR)                               Terjadi kenaikan laba
                                                              15.006                      komprehensif berjalan
       17.469                                                                             sebesar 39,13%.
                   38,26%                            39,13%
                                     10.785


                            10.785




       2021                 2022     2022                      2023




      Quality Desserts start here !
                                                           PT FORMOSA INGREDIENT FACTORY
28                                            member of PT Kurniamitra Duta Sentosa Tbk Group
Page 29
Future Business Strategy



                   New Product: Crystal Jelly

                      New Product Development for KA Channel

                       Create New Biz Connection Nationwide

                       Extend Global Market

                      Increase Professionals

                   Knowledge Transfer from F&B share holders
      2
      9



                                           PT FORMOSA INGREDIENT FACTORY
                              member of PT Kurniamitra Duta Sentosa Tbk Group
Page 30
               Thank You

THANK YOU
              Do you have any
                   questions?
             Info@formosa.id
            +62 811 813 3788
              www.formosa.id


           PT FORMOSA INGREDIENT FACTORY Tbk
member of PT Kurniamitra Duta Sentotasa Tbk Group


                                               PUBLIC EXPOSE 2024

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Names mentioned 11 people and organisations named in the text · linked when the evidence is strong

linked org FORMOSA INGREDIENT FACTORY TBK. p.1 ×64
linked person Hengky Wijaya · Commissioner p.3
linked person Yunita Sugiarto EW p.3
linked person Dewi Irianty Wijaya · President Director p.3 ×2
linked person GE, Ieyanto Yamin p.3
linked org Kurniamitra Duta Sentosa Tbk p.3 ×82
unresolved org PT Formosa p.3
unresolved person Mahattanobol · Commissioner p.3
unresolved org Preserved Food Specialty Co., Ltd. p.6
unresolved org Kurniamitra Duta Sentotasa Tbk p.30 ×2

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