Renewable energy today and tomorrow

Public Expose

PT KENCANA ENERGI LESTARI TBK

Ballroom Maqna Residence
Rabu, 29 Juli 2020
Disclaimer &
Forward Looking Statements

• This presentation contains certain forward looking statements and forward looking financial
information. Such statements and financial information are based on certain assumptions and involve
known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of PT Kencana Energi Lestari Tbk (the ”Company”) to be materially
different from those forecasts. The inclusion of such statements and information should not be
regarded as a representation, warranty or prediction with respect to the accuracy of the underlying
assumptions by the Company, or any other person, or that the forecast results will or are likely to be
achieved.

• This presentation is for information purposes only and does not constitute or form part of an offer,
solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it
form the basis of, or be relied in any connection with, any contract or commitment whatsoever.

2
The first Indonesian
public company with
operating hydro power plants
(listed on the Indonesian Stock Exchange at September 2nd, 2019)

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 20% Public | 30.3% PT Paramata Indah Lestari | 49.7% Founders

Group
Structure
PT KENCANA ENERGI LESTARI TBK

75.00% 98.40% 98.00% 99.98% 99.80%

PT Bangun Hidro PT Sumber Tirta
Energi Energi

50.94% 24.50%

PT Nagata Dinamika PT Kencana Energi

PT Energy Sakti Sentosa PT Bangun Tirta Lestari
Hidro Madong Matahari

PLTA Pakkat 18 MW PLTA Air Putih 21 MW PLTM Madong 10 MW Project Company

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Operation
Highlights

PLTA Air Putih 21 MW, Bengkulu

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Our
Projects PLTA Pakkat 18 MW
(North Sumatera)

PLTM Madong 10 MW
(South Sulawesi)

PLTA Air Putih 18 MW

(Bengkulu)

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Our
Projects 30 years Take or Pay
Power Purchase Contract
Agreement Scheme

BOOT COD
Build, Own, Commercial
Operate, Operation Date
Transfer on February 2018

PLTA
Pakkat
18 MW
(North Sumatera)

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Our
Projects

PLTA
Air Putih
21 MW 30 years Take or Pay
(Bengkulu) Power Purchase Contract
Agreement Scheme

BOOT COD
Build, Own, Commercial
Operate, Operation Date
Transfer on January 2020

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Our
Projects

PLTM
Madong
10 MW 20 years Take or Pay BOO
(South Sulawesi) Power Purchase Contract Build, Own,
Agreement Scheme Operate

Construction COD Plan

Commencement on Estimated Commercial Operation
Q4 / 2019 Date on Q1 / 2022

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Project
Development

Current Projects Future Projects

200MW
> 400 %
Potential Growth
75 MW 90 MW
49 MW
35 MW
10 MW 18 MW 21MW

PLTM PLTA PLTA Total PLTA PLTA PLTA Total

Madong Pakkat Air Putih Capacity Pakkat 2 Kalaena Salu Uro Capacity

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Future
Projects

49 MW 200 MW > 200 MW

Current Project Project Development Project Pipeline

PLTA PAKKAT 18 MW PLTA PAKKAT 2 35 MW PLTB PLTBm

North Sumatera North Sumatera Wind Biomass

PLTA AIR PUTIH 21 MW PLTA KALAENA 75 MW PLTS PLTBg

Bengkulu South Sulawesi Solar PV Biogas

PLTM MADONG 10 MW PLTA SALU URO 90 MW PLTP

South Sulawesi South Sulawesi Geothermal

> 4X Potential Growth > 8X Potential Growth

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Operation
Highlights 2020 Forecast
2019 Achievement

PLTA PLTA PLTA

18 18 21
PAKKAT MW PAKKAT MW AIR PUTIH MW
(North Sumatera) (North Sumatera) (Bengkulu)

95 GWh 95 GWh 115 GWh

Minimum Production Minimum Production Minimum Production

104 GWh 210 GWh > 102%

Production
Total Production Total Production Growth

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Corporate
Social
Responsibility

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Corporate
Social
Responsibility

Hospital
Ship

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 Humbang Hasundutan Regency, North Sumatera

Corporate
Social
Responsibility

Landslide
Natural
Disaster

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 Pakkat District, North Sumatera

Corporate
Social
Responsibility

Madong, South Sulawesi Bengkulu

COVID-19
Solidarity
Responses
• Social Donation
• Disinfectants
• Face Masks

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Financial
Highlights

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Business
Strengths

Long-term Strong Stable Efficiency

Supply Asset Cash Flow Enhancement
Contract Base Generation Opportunities

Low Leading Proven Future

Operation and & Defensible Management Growth
Maintenance Cost Market Position Team Opportunities

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 Quarterly
Performance
Balance Sheet Revenue & Net Profit

FY 2019 Q1 2020 Statements Q1 2019 Q1 2020 Statements

Asset 260.8 259.4 (0.6%) Revenue 5.7 4.0 (29.1%)

million USD million USD million USD million USD

Liability
109.6 100.0 (8.7%) Net
Profit 2.4 8.1 + 241.3%
million USD million USD million USD million USD

Equity 151.2 159.3 + 5.4% Net Profit

Margin 41.9 201.5 + 381.3%
million USD million USD % (NPM) % (NPM)

Based on the consolidated financial statements as of March 31, 2020 (unaudited) PUBEX 2020 PT KENCANA ENERGI LESTARI TBK 21
2020
Forecast
2019 Achievement 2020 Forecast
Minimum 104 210 > 102%
Production GWh GWh Growth

> 35%
USD USD
Revenue 23,677,334 31,972,785 Growth

USD USD > 164%

Net Profit 3,648,254 9,633,543 Growth

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 2020
Projection
Balance Sheet Revenue & Net Profit

FY 2019 FY 2020 Forecast FY 2019 FY 2020 Forecast

Asset 260.8 287.9 + 10.4% Revenue 23.7 32.0 + 35.0%

million USD million USD million USD million USD

Liability
109.6 127.4 + 16.2% Net
Profit 3.6 9.6 + 164.1%
million USD million USD million USD million USD

Equity 151.2 160.5 + 6.1% Net Profit

Margin 15.4 30.1 + 95.5%
million USD million USD % (NPM) % (NPM)

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Financial
Ratio
FY 2018 FY 2019
Gross Profit Margin 63.23% 43.86%
Net Profit Margin 26.13% 15.41%
Return on Asset 2.95% 1.40%
Return on Equity 5.63% 2.41%
Current Ratio 0.52 0.52
Liabilities to Equity Ratio 0.90 0.72
Liabilities to Asset Ratio 0.48 0.42
(Based on the 2019 Annual Report)

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Renewable Energy
Potential in Indonesia

PLTA Air Putih 21 MW, Bengkulu

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Renewable
Energy Increasing kWh / Capita
National 1064
1084

Electricity 1021

Consumption 956
910

Moving towards advanced

countries’ consumption trend 2015 2016 2017 2018 2019
(Source: ESDM / Ministry of Energy and Mineral Resources, 2020)

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Renewable
Energy
Renewable Energy Percentage 2019
in the National Energy Mix Renewable
9.15 Energy
8.55 9%

6.47 Coal Oil

37% 34%
5.41 5.33 6.34
4.96
4.37
3.92 Gas
4.35 4.38
20%
3.77

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

(Source: ESDM / Ministry of Energy and Mineral Resources, 2020)

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Renewable
Energy
PLN’s Development Renewable Capacity
Plan for Renewable Energy Sources (MW)
Energy Power Plants
Geothermal 4,607
(2019 – 2028) Hydro 8,009
Micro Hydro 1,534
Solar PV 908
Wind 855
Biomass 794
Marine 7

(Source: ESDM / Ministry of Energy and Mineral Resources, 2020)

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Renewable energy today and tomorrow

THANK YOU

PUBEX 2020 PT KENCANA ENERGI LESTARI TBK