Delivering Strong Results

June 2021

AKRA Delivering Strong Results

Forward Looking Statement
No representations and warranties shall be made in relation to the reasonableness, accuracy, completeness or correctness of the
information or opinions contained in this presentation. PT AKR Corporindo Tbk (the "Company) together with members of the Board of
Directors and Board of Commissioners or respective affiliates have no liability whatsoever (whether negligent or otherwise) Any loss
arising, directly or indirectly, for the use, belief or distribution of this presentation or its content or due to any reason arising in connection
with this presentation.

The information and statistical data of third parties in this presentation is obtained from sources which the Company believes to be reliable
but there is no guarantee of the accuracy or completeness of the information. This presentation does not cover all material information
relating to the Company and the information contained in this material is subject to change without notice.

This presentation may contain an estimate statement that includes risk, uncertainty and other factors. The actual results, pro forma or
achievements of the Company may differ materially with the results, pro forma or future achievements expressed or implied by such
statements. The forecast statement is based on assumptions relating to the Company's current and future business strategy and future
circumstances in which it will operate, and should be read in conjunction with those assumptions.

Predictions, projections or economic forecasts or economic trends over markets may not necessarily indicate the probability of pro forma
or pro forma of the Company in the future. The former pro forma may not necessarily indicate pro forma in the future. The Company's
future financial future is not guaranteed. Investors should not rely solely on the forecast statement.

These materials are intended to serve as information only and not constitute or become part of an offer, request or invitation from the
purchase offer of the Company's securities. This information material has no legal basis whatsoever, and can not be the basis for
contracting, commitment, or investment decisions. Any decision to purchase or subscribe to any Company securities must be based on the
advice of appropriate professionals.

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AKRA Delivering Strong Results 2
 Established as a legal entity: 1977 in Surabaya Stock Profile of AKRA
AKRA is included in the
index
Listed on the Indonesia Stock Exchange: 1994
LQ45, IDX80, ISSI, JII70,
Kompas 100, Bisnis-27,
Stock Code: AKRA MNC-36,
IDX SMC Liquid, Investor
33, SMinfra 18, PEFINDO
Market Cap : Rp 12.71tn per 25 Mei’21 i-Grade, IDX-ESGL

PEFINDO Rating idAA-

Pension Funds
Individual & Others
Insurance

Mutual Funds
6.9%

Shareholders as
Foreign
of Dec 2020
shareholders
Haryanto Adikoesoemo Soegiarto Adikoesoemo
President Director President Commissioner

Majority Shareholders of AKRA

AKRA Delivering Strong Results 3
AKR HIGHLIGHTS
2017 bp Retail &
Aviation Fuel

2013

Retail  AKR is a leading private company that provides supply chain logistics
2010
Petroleum
services for petroleum and basic chemicals products in Indonesia.

 AKR has 60 years of experience in end-to-end supply chain

2005 Industrial
Petroleum  Currently, AKRA is building core competency to enter retail, energy and
other recurring income businesses

1960 Chemical
Industry

AKRA Delivering Strong Results 4

Business Profile
Leading Energy, Chemical Infrastructure &
Supply chain Provider

AKRA Delivering Strong Results 5

Backbone: Extensive & Efficient Logistics Supply Chain

Risk Management Bulky and flammable

from end to end products handling
Energy & Industry Raw
Material

Logistic
& Supply Logistic Infrastructure
Chain
Since1960

Utilities & Recurring

income

Wide Customer Scope

AKRA Delivering Strong Results 6

Business segments complementing each other
Distributing to thousands of customers across Indonesia Port Utilities
Industrial Estate

Industrial
Chemicals

INFRA
LOGISTIC

Other Business Segments

Petroleum

Third Party Retail Petroleum

Avtur
Logistics and Lubricants

AKRA Delivering Strong Results 7

Infrastructure across Indonesia - built over 60 years

Medan

Tanjung Selor
Singapore Bitung

Pontianak
Melak

Buntok Palaran

Banjarmasin S. Barito
Palembang
Stagen
Hub Port Tanjung Priok
Lampung
Semarang
Sea Port
Ciwandan
Bandung
River Port
Surabaya
Bali

Storage Capacity of 819Mn L in key locations spread across Indonesia

Our Infrastructure supports our efficient operations across Indonesia

Lack of availability of land creates a barrier to entry for potential competition

AKRA Delivering Strong Results 8

Extensive network of Petroleum & Chemical storage terminals

Jakarta Tank Terminal, Tanjung Priok - Jakarta Stagen, Pulau Laut – Kalimantan 80.000 KL
Tanjung Perak, Surabaya 148.690 KL
350.000KL ; JV with Royal Vopak -51% AKR
shareholding

Ciwandan 36.126 KL Bitung – Manado 30.501 KL Medan 26.200 KL

AKRA Delivering Strong Results 9

Fleet of Ships and Land transportation
Shipping

AKRA 30 AKRA 101 AKRA 102

Land Transport

AKRA Delivering Strong Results 10

Investments in Innovative IT systems
IT System to monitor and provide online information

System Know-Flow in AKR / BP AKR Retail network

Vendor Managed Inventory for Industrial customers

On Time deliveries

Reporting mechanisms for Industrial / Government agencies

Customers

AKRA Delivering Strong Results 11

Contribution to The Nation

HAS BEEN DEVELOPING INFRASTRUCTURES IN HELPING IN SUBSIDIZED DIESEL MEET THE DEMAND OF RETAIL FUEL
60 YEARS DISTRIBUTION IN REMOTE AREA THAT KEEP GROWING

Has been investing in logistic

infrastructures accounted >Rp 7 bio during  2010: subsidized diesel
the past 5 years
 10 SPBU for 1 price policy program

 Total SPBU AKR: 132 outlet

INVOLVED IN INDUSTRIAL DEVELOPMENT

DISTRIBUTING AVIATION FUEL IN

NEW AIRPORTS

TAX PAYER

Has been paying taxes > Rp 18T during the

past 5 years

12
AKRA Delivering Strong Results
Performance 2021
Delivered strong growth despite COVID 19

AKRA Delivering Strong Results 13

Maintaining Strong Financial Performance in Q 1 21

Net Profit growth EPS Growth

FY 20 Q1 21 FY 20 Q1 21

30% 34% 30% 35%

EBITDA Growth Contribution JIIPE

FY 20 Q1 21 FY 20 Q1 21

11% 30% 9% 40%

AKRA Delivering Strong Results 14

AKRA able to maintain the Strong Performance

FY 20 Q1 21
1. Petroleum volume grew by 11% 1. Chemicals volume grew by 4%
2. JIIPE land sales grew by 13% 2. JIIPE land sales grew more that 2X: 14.1
Ha
3. Gross Margin : 11.6% 3. Gross Margin : 12.4%
4. Operating Margin : 7.1% 4. Operating Margin : 9.0%
5. Net Margin: 5.2% 5. Net Margin: 6.0%
6. Operating Cashflow : Rp 1,067 billion 6. Operating Cashflow : Rp 1,240 billion
7. Net Gearing 0.22X 7. Net Gearing 0.11X

AKRA Delivering Strong Results 15

Profit & Loss Report, ended by 31st March 2021
Q1 21 Q1 20 Var Gross Margin (%)
in Rp. billion

Revenue 5,111 6,345 12.4%

Cost of revenue (4,477) (5,788)
Gross Profit 635 558 +14% 8.8%

% 12.4% 8.8% Q1 20 Q1 21

GA & Selling Expenses (191) (193) Operating Margin (%)

Other Op. Income (Expenses) 14 (26)
Operating Profit 458 339 +35% 9.0%
% 9.0% 5.3%
5.3%

Net Other Income (Expenses) (11) (32)

Q1 20 Q1 21
Profit before taxes 451 308
Net Profit for the period 380 241 +58%
Net Margin (%)

Net profit for Parent Entity 305 228 +34%

% 6.0% 3.6%
6.0%
EPS (Rp./share) 77.34 57.25 +35%
3.6%
EBITDA 550 424 +30%
% 10.8% 6.7% Q1 20 Q1 21

AKRA Delivering Strong Results 16

Strong growth in profitability
Net Profit (in Rp billion) Operating Profit (in Rp billion)
305 458

260
34% 368 35%
228 234 339 341
YoY 294 YoY
202 204 285
189 257
171 236 234
152

Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4 20 Q1 21 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4 20 Q1 21

EBITDA (in Rp billion) Basic EPS (in Rp)

550

458 30% 77.34

424 425 YoY 35%
381 365 57.25
327 333
312

Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4 20 Q1 21 Q1 20 Q1 21

AKRA Delivering Strong Results 17

Segment Wise Performance Analysis
Segment wise Gross Margin Contribution- FY 2020

Others
8%
JIIPE
9%

Trading & Distribution

83%

AKRA Delivering Strong Results 19

Petroleum Segment Overview

INDUSTRIAL PETROLEUM CUSTOMERS BUSINESS MODEL

Mining, Plantation,  A stable business model with a price-based formula

Smelters, Power Plants,  MOPS + Alpha
Solar/Biodiesel  Logistics Costs
Shipping & bunker
services  Forex Risk Management through Hedging

Marine/Fuel Oil, IDO Manufacturing

• The pass through mechanism of oil price / exchange rate results in
higher / lower gross profit margins in lower / higher oil prices
RETAIL PETROLEUM PRODUCTS
• The lower oil price is generally good because;
Subsidy Biodiesel
1) Increase customer profitability,
Non Subsidy Hi-octane gasoline
2) Reducing the gap with subsidized products and
Hi-octane gasoline, 3) Reducing working capital.
bp
Diesel, Active technology

Air bp Aviation Fuel

AKRA Delivering Strong Results 20

Market Development for Retail Business
AKR has been serving retail market since 2010

SPBU AKR
SPBU BP AKR
Obtaining allocation of subsidized diesel
from BPH Migas Has opened 16 outlets since the end of 2018, has plan to
open a total of 350 outlets in 10 years. Just opened 1 new
Spread across 132 locations, 10 of which outlet in Meruya - West Jakarta
are intended for 1 price policy program

Revenue from sales of fuel and non-fuel

AKRA Delivering Strong Results 21

Basic Chemicals Segment Overview
Products

 Caustic Soda
I. Principal &  Hydrochloric Acid
Supplied  PVC Resin
Products  Sodium Hypochlorite
 Soda Ash
 Sodium Sulfate
 Methanol
 Hydrogen Peroxide
 Sulphuric Acid

 Only handles large volumes of basic chemical products

II. Bisnis Model  Commission-based: stable margins, profitable business
 Customers cover almost all industries that have domestic demand with strong prospects
 Generate fees from storage and transportation services

III. Customers  Rayon  Plywood & Wood processing products

 Textile  Consumer goods
 Soap & Detergent  Fertilizer
 Food & Pharmacy  Smelter

The Company has long-term relationships with Customers and Principals

AKRA Delivering Strong Results 22

 INTEGRATED ESTATE WITH STRATEGIC LOCATION

JIIPE Shareholders

Type of Ownership
Company
Business UEPN BJTI
Industrial Estate PT BKMS 60% 40%
Port Estate PT BMS 40% 60%

AKRA Delivering Strong Results 23

JIIPE Land Sales of 14 Ha in Q1 2021
Land Sales (Ha)
14

9
8

2019 2020 Q1 21

 JIIPE has signed a Sale and Purchase Deed for the sale of 14
hectares of land with a new tenant in March 2021
 One of JIIPE's tenants, PT. Pangansari has conducted Ground
Breaking on March 31, attended by the Governor of East Java -
Khofifah Indar Parawansa
24

AKRA Delivering Strong Results 24

Investments for Growth
Substantial Progress in our Joint Ventures

AKRA Delivering Strong Results 25

Diversifying Portfolio to fuel growth
1) Retail & Aviation

Expand Retail Network – JV with bp to increase market presence

Introduced Non fuel retail in bp petrol stations

Aviation: Only Private company in this segment

UPCOMING : 35 outlets are targeted operating in 2021 – 3

outlets will be opened in Q2

2) Integrated Industrial Estate

Attract Tenants from Large Industries

Increase land Sales

Superior profile due to KEK

Expand Port Facilities
UPCOMING : KEK will be soon approved by President

3) Trading & Distribution

Increase customer base

Widen product portfolio:
Maintain efficiency
Timely capacity expansion
JV Petronas has handled 1st cargo

AKRA Delivering Strong Results 26

Completed Investment Cycle 2016-2020
–Annual capex requirement will be lower 2021

Annual Capex Spending (in Rp Bn)

AKRA Delivering Strong Results 27

 bp-AKR retail network
First outlet in Expansion into Surabaya Toll Roads Expansion of network 20+ stations being
Jabodetabek commissioned
Target
May 19 Aug 19 2021 350
2018 Nov 19
stations

JABODETABEK SURABAYA

Gubeng - Surabaya Kertajaya - Surabaya

De Latinos, Jababeka, Cibubur Bintaro
Serpong Cikarang East Jakarta

Pemuda - Surabaya Margorejo - Surabaya

Mendrisio Paramount Telukjambe Kota Harapan Indah Bekasi Metland Cyber City
Gading Serpong Karawang JALAN TOL

Ciater Pamulang Lippo Cikarang Meruya Rest Area of Toll Cipularang

AKRA Delivering Strong Results 28

JV aviation fuel and lubricants business with bp
Partnership in aviation fuel distribution Partnership in lubricants distribution

49.9% 50.1%

PT. DIRGANTARA PETROINDO RAYA

PT. ANUGERAH LUBRINDO RAYA

DPR Operation at Morowali Airport IMIP & Helipad Ciibubur

AKRA Delivering Strong Results 29

Strategic Partnership in Chemical Business

49% 51%

Methanol is the first product distributed to customers in Indonesia.

Petronas Chemical PT AKR Niaga
Marketing Sdn Bhd Indonesia

1. On September 1, 20 an agreement was signed to formalize the joint

PT. ANUGERAH venture
KIMIA INDONESIA 2. The Deed of Establishment of PT Anugerah Kimia Indonesia (AKI) was
signed on November 27, 2020 between PT AKR Niaga Indonesia and
PETRONAS Chemicals Marketing Sdn Bhd
3. The JV company is intended for distribution of chemical products.

AKRA Delivering Strong Results 30

JIIPE – Only Integrated Industrial Estate

WATER & WASTE

POWER PLANT
WATER PLANT

INDUSTRIAL GAS
DEEP SEA PORT
SUPPLY

TOLL ROAD
INFORMATION &
(KLBM) &
TELECOMMUNICA
RAILWAY
TION NETWORK
CONNECTION

AKRA Delivering Strong Results 31

 11 Km Railway Access
connecting JIIPE to Java is ready
in 2023
3 Modes of Transportation
for Competitive Logistic Cost
Direct Toll - Railway - Sea Ports JIIPE Port is the deepest in East
Java (-16M), currently the natural
draft is -14M

TOLL ROAD of KRIAN – LEGUNDI – BUNDER –

MANYAR (KLBM) section 1-3 has been operated

This toll road will be directly connected to JIIPE

The new 39 Km Toll Road

connecting JIIPE to other parts
of Java and Jakarta

AKRA Delivering Strong Results 32

Update JIIPE

33
Milestone JIIPE

Land Acquisition & Stage Started Stage 2

1 Development development

2013 2014 - 2017 2018 2019/2020

MoU AKR & PELINDO III Stage 1 Utilities Development,

Port of 115Ha

Inauguration by The President

AKRA Delivering Strong Results 34

KEK GRESIK: Technology & Manufacture
Jun’21 Approved by President of RI

Mineral processing and Metal

Industry including its
Dowsntream
Feb’21 Nasional Council of
SEZ

Provincial The energy industry to meet the The electronics

Des’20
very large energy needs in the industry and its supply
Government chain,
region.

Nov’20 Local Gov. of

Gresik
Chemical industry and its Supporting industries and
Downstreams capital goods including
logistic center to support
industrial activities .

Proposed by AKR
Okt’20

AKRA Delivering Strong Results 35

Benefits of JIIPE + Special Economic Zone
Special Incentives & Facilities in
Special Economic Zone
BENEFIT OF SEZ WHICH HAS BEEN PROVIDED IN JIIPE

Obtain industrial lots size as requires with ownership certainty in accordance

with applicable spatial plan

Availability of integrated facilities & infrastructures

Simplified environmental impact studies in form of Environmental Ease of

Licensing Land Incentives
Management Plan –Monitoring Plan & Traffic Impact Analysis Exemption

Submission of Building permit processed via Industrial Estate Management Tax Employment
Incentives Incentives

Easiness of Direct Construction Investment (KLIK) Customs & Duty Ease of

Incentives Immigration

Facility in traffic
goods
Increasing probability to be designated as the National Vital Object

Source: Sanny Iskandar – Chairman of Industrial Estate Association of Indonesia

in Mandiri Investment Forum 2021
AKRA Delivering Strong Results 36
Monetizing JIIPE Investment – Reaping Benefits

Land sales are reinvested

to develop utilities
INVESTMENT

REVENUE
From land sales of 1250Ha

Rp 6 Trillion
(2013-2020)

SHAREHOLDERS VALUE

AKRA Delivering Strong Results 37

Strong Balance sheet
Growth funded from Cash flows – Low Gearing

AKRA Delivering Strong Results 38

Balance sheet is strong
in Rp. Billion

Total Assets Total Equity

19,885

18,684 10,972
10,556

2,020 Q1 21 2,020 Q1 21

Total Debt

3,905
3,701

2,020 Q1 21

AKRA Delivering Strong Results 39

Low Leverage
In Rp billion

Operating Cash Flow

1,240
1,067

Q1 20 Q1 21

AKRA Delivering Strong Results 40

Dividend remain High –
AKR has paid >3 Tn to Shareholders in the last 5 years
DIVIDEN RP/SHARES
Consistent Dividend
Payment >30%

Cash Dividend
Net Profit Total
YEAR Dividend/ Payout Ratio
(Rp Bio) Dividend
shares (%)

2015 120 1,034 474 46%

2016 121 1,011 479 47%

2017 200 1,202 801 67%

2018 240 1,645 964 59%

2019 110 717 442 62%

2020* 125 925 494 53%

AKRA Delivering Strong Results 41

Experienced Board of Commissioners & Directors

AKRA Delivering Strong Results 42

 Main ESG Initiatives
 Prioritizing the reduction of energy intensity & Has Published Annual Sustainability Report since 2014
carbon emissions (GRI Standard)
ENVIRONMENT  Exploring Renewable Energy
 Developing JIIPE as an environmentally friendly
industrial estate

 Fulfilling the rights of employees equally, fairly,

and openly in accordance with the labor law
 Gender equality in middle-top management
SOCIAL positions
ISO Certification & Awards
 Discipline management of product safety and a
working environment (K3)
 Community development surrounding business
operation scope, which concern in health,
education, religion and social

 Fully comply the OJK Regulations

 Representation of the majority shareholder is
GOVERNANCE limited to the Board of Commissioners / Directors
 Pay dividend consistently
 Facilitating information disclosure including the
whistleblowing system

AKRA Delivering Strong Results 43

AKRA in IDX ESG LEADER INDEX (Dec 2020)
ESG Risk
No. Stock Code Company
Ratings*
1. ACES Ace Hardware Indonesia Tbk. 18.42  Indonesia Stock Exchange (IDX) launched a new index, namely the
2. AKRA AKR Corporindo Tbk. 27.58 Environmental, Social, Governance (ESG) Leaders index or
3. ASII Astra International Tbk. 28.49 abbreviated as ESGL on 14 December 2020
4. BBCA Bank Central Asia Tbk. 26.08
5. BBNI Bank Negara Indonesia (Persero) Tbk. 28.59  IDX has identified 30 stocks as the initial constituents of ESGL which
6. BBTN Bank Tabungan Negara (Persero) Tbk. 26.63 have following requirements:
7. BMRI Bank Mandiri (Persero) Tbk. 29.74
8. BSDE Bumi Serpong Damai Tbk. 22.76 1. Have good ESG,
9. CTRA Ciputra Development Tbk. 27.03
10. DMAS Puradelta Lestari Tbk. 26.31 2. Not involved in significant controversy,
11. ERAA Erajaya Swasembada Tbk. 11.77
12. EXCL XL Axiata Tbk. 25.65
3. Have transaction liquidity,
13. HMSP H.M. Sampoerna Tbk. 25.73
14. INTP Indocement Tunggal Prakarsa Tbk. 25.92
4. Have good financial performance.
15. ISAT Indosat Tbk. 29.63
16. JSMR Jasa Marga (Persero) Tbk. 11.45
17. MAPI Mitra Adiperkasa Tbk. 20.50
18. MNCN Media Nusantara Citra Tbk. 18.49
19. PGAS Perusahaan Gas Negara Tbk. 29.08
20. PWON Pakuwon Jati Tbk. 24.97

* ESG Risk Ratings provided by Sustainalytics. For more information and details,
please visit www.sustainalytics.com.

AKRA Delivering Strong Results 44

 Corporate Secretary
[email protected]

Investor Relation
[email protected]

AKR Tower
Jl. Panjang No.5 Kebon Jeruk

Thank You
Jakarta Barat 11530
Indonesia
http://www.akr.co.id/

AKRA Delivering Strong Results 45