Indonesian Born.

Global Contribution

The Race for Cleaner Air

Presented to His Excellency:
Deputy 3
Coordinating Ministry of MARINVES

28 February 2022
 VKTR® Roadmap Executive Summary

VKTR® Roadmap Towards Transport Electrification

Net Zero Emission (NZE) Pathway in the Mind

VKTR® At a Glance

VKTR® on Battery

VKTR® on Public Transportation

VKTR® on Passenger Car

Q&A

Confidential Document of VKTR® 2

Net Zero Emission (NZE)
Pathway in the Mind
 Net Zero Emission (NZE) Pathway in the Mind

• Dengan keinginan untuk berkontribusi dalam upaya Indonesia untuk

menuju NZE, Bakrie Group menginisiasi unit usaha yang Bernama
VKTR® yang bergerak dalam bidang elektrifikasi transportasi.
• VKTR® (dibaca: vektor) ini tidak sepenuhnya baru karena sejak tahun
2018 Bakrie Group melalui Bakrie Autoparts telah mengadakan bus
listrik yang akan digunakan oleh TransJakarta dengan menggandeng
BYD yang pada tahap berikutnya membangun industri kendaraan
komersial: bus dan truk listrik. 44
Confidential Document of VKTR®
 Rencana Industrialisasi dalam Elektrifikasi Transportasi oleh VKTR® #1

Upaya agar proses elektrifikasi

transportasi ini dapat dilakukan
secara sustainable, VKTR® baik
secara mandiri maupun
berkolaborasi dengan pihak-pihak
lain sedang memulai dengan
roadmap sebagai berikut:

Battery

SME Enabled EV Bus

VKTR
Industrialization
Plan

EV
EV Car
Infrastructure

EV
Motorcycle

Confidential Document of VKTR® 5

VKTR® At a Glance
VKTR® at a glance

VKTR® aims to be Indonesia’s leading EV Technology VKTR® has delivered products to first paying customers
company and EV OEM. VKTR® targets commercial & and commenced industrialization in 36 months
passenger vehicles through the mastery in
manufacturing of battery module, packaging and
assembly. VKTR® also invests in battery cell
companies and their supporting industrialization.

Founded in 2018, VKTR® has a signed-up

strategic collaboration with BYD, Transjakarta, and
Tri Sakti to cover commercial off-
take, production & manufacturing, and other
technical agreement. Completed delivery of 30 units electric-busses to TransJakarta to be used as the first
to serve public transportation in Indonesia.

The company is part of the Bakrie & Brothers

Group which will be the umbrella of the end-to- Investing in multinational companies in R&D and
end ecosystem on energy transition supporting In manufacturing of electric battery
donesia’s mission towards Net Zero Carbon
Emission.

7
 VKTR® rules the road with Telematics & Smart Fleet Management

Telematics & GPS Fleet Management System + CCTV System

Login/Register

Payment System

Route
 Having a reliable Telematics &
Bus Tracking
Smart Fleet Management to
monitor both drivers and vehicles Total Seats of Remaining
Depot, Service Application
enables bus operators to manage Workshop, & Cloud Server VKTR® Monitoring Fleet Bus Stop Information
for User (Real
their performance when it comes Charging Station
Time)
User Feedback & Rating
to safety and efficiency.
 We have recruited 15 software IOT System, Charging Station & Depot
engineers with specialization in IoT, Management, Operation Management, Bus
Details, Bus Tracking, Maintenance Info,
AI & Data Analytics. Incident/Event/Problem Management, Integrated Command Center
Smart Fleet
Real Time
Management

8
VKTR® on Battery
 Rencana Industrialisasi dalam
GigafactoryTransportasi
Elektrifikasi Process Flow
oleh VKTR® #2
VKTR®
Module & Pack
Pack
Enclosure
Raw Steel /
Aluminum

Cathode Can &

Manufacturing Cathode Cap Module Pack
Electrode
Aluminum Foil
Cell Module
Raw Materials

Module

Cell Assembly
Cell
Separator Separator Winding
Manufacturing Cell Module

Anode
Manufacturing Cell Module
Anode
Electrode Electrolyte
Copper Foil Manufacturing

Battery Pack
VKTR® Battery Pack
VKTR®
Recycling Recycle Plant Lifetime Usage Vehicle Assembly
Confidential Document of VKTR® 10
VKTR® on Public
Transportation
 VKTR® is Pioneer in Electrification of Public Transportation in Indonesia

• Securing Partnership with Stakeholders

(regulators, bus operators, industry partners)
• Contributing for issuance of Presidential Decree
No.55 on BEV
• Received order of 20 eBus from Prov of Jakarta
for Formula e International Racing event
• Pre trial processes completed with Transjakarta
2019
• Completed Prov of Aceh 1 month BRT feeder trial
• Completed first locally produced Transjakarta BRT
High-deck electric bus
• Completed Trans Pakuan, Bogor 1 month trial
2021 • Produced 30 units 12 meter electric bus for
Transjakarta based on order from Mayasari Bakti

• Commenced the first fleet

2022 operation of EV Bus in
Transjakarta route through
Mayasari Bakti

2018
2020
• Completed all Homologation process including vehicle
registration
• Commencement of Partnership
• Completed Transjakarta ‘s 3 months official trial process
with BYD
• Completed Prov of Bali 2.5 months trial in some national
• Product Launch in Bali by serving
strategic tourism destinations
IMF / World Bank Conference 12
Confidential Document of VKTR®
 VKTR® Delivered 30 Electric Buses for Transjakarta

VKTR®
Initiated Green Transportation
project in collaboration with
BYD Auto Co.Ltd to produce
electric buses for the world’s
longest Bus Rapid Transit (BRT)
network, TransJakarta.

Key Partner

Operator

Confidential Document of VKTR® 13

 VKTR® has Invested in Manufacturing Facilities

VKTR® has initiated a collaboration with bodywork company for production on

Electric Vehicle Heavy Mobility starting with TKDN 35% - 45%.
Manufacturing Facility & Production Line VKTR® News

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 Proven Diesel to Electric Bus Retrofitting

The most sustainable option, Electric Retrofit Buses, is re-engineered and upcycled to deliver clean, cost-effective urban transport.
Equipmake’s Zero Emission Drivetrain is to meet the required safety standards.
Industry-leading drivetrain design with several battery options to cover the range of up to 300 Km per day. This EV retrofit option
provides a cost-effective and green opportunity to re-purpose young and mid-life existing diesel fleets.

EVR-VERSA EVR-B5

217 – 271 KWH 200 – 434 KWH

240 KM 240 – 320 KM

5 Years Warranty

Battery Thermal Management System

Safety Test Validation

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 Ministry of Transportation Republic of Indonesia plan towards G20 Summit
(BTS Project)

1. G20 summit require 47 units medium buses, with the distribution: 14 units from MAB, 14 units from INKA, 14 units from VKTR®,
and 5 units for Dikti (ITB).
2. The operator for this project is DAMRI, for a period 7 years with a bus unit financing scheme form each APM.
3. VKTR® and Tri Sakti will submit a letter of support to DAMRI at the latest 1 March 2022.
4. APM required to meet 45% TKDN.

Confidential Document of VKTR® 16

VKTR® on Passenger Car
 the passenger car 10 years market development – By brand

Car units sold

1,200 • Japanese cars have maintained a market share
Thousands

1,000
of 93-95% in the past five years.
• Among them, the Toyota family (50-55%).
800
• Nissan Passenger Cars announced their
600 withdrawal from Indonesia in the early 2020s.
400 • The remaining markets mainly include
Volkswagen, KIA, Wuling, etc. Wuling entered
200 Indonesia in 2016. In the second half of 2017,
- the CKD factory has jumped to No.6, with a
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021.9
market share at about 1.5%, or about 14,000
Toyota Daihatsu Honda Mitsubishi Suzuki Others units per year.
• It is commonly known that the Japanese
Market shares principals are the late adopter of the EV Car
Toyota
2011
45.05%
2012
45.55%
2013
46.24%
2014
42.17%
2015
45.45%
2016
46.46%
2017
43.32%
2018
39.33%
2019
41.52%
2020
40.57%
2021.9
43.92%
initiative.
Daihatsu 20.31% 18.58% 12.53% 12.10% 12.38% 15.82% 15.64% 16.77% 16.26% 15.43% 16.82%
Honda 7.17% 8.44% 10.64% 17.44% 21.84% 24.46% 22.53% 18.88% 17.89% 19.39% 14.98%
Mitsubishi 2.11% 2.83% 2.93% 2.94% 1.31% 3.22% 4.35% 11.31% 10.63% 9.52% 11.27%
Suzuki 7.85% 10.06% 10.67% 9.62% 8.56% 5.68% 8.00% 7.32% 7.85% 7.42% 6.07%
Others 17.51% 14.54% 16.99% 15.73% 10.46% 4.36% 6.16% 6.39% 5.85% 7.67% 6.94%
Confidential Document of VKTR® 18
 Grateful for Global Investor Confidence in Indonesia
MoU Signing in Beijing, 2018

疫情以来，卢部长三
访中国，并成功实现
了中国疫苗原液在印 佐科总统的两届政府，将两国关系推向了历史的新
尼的本地化罐装，造 高度，政治环境很好。
福印尼人民。 大力支持中资企业的投资发展，努力改善营商环境，
印尼国内，一直以来， 政策较为稳定，利用镍矿资源，着重扶持锂电池产
卢部长也是中国“形 业，与电动车的本地化生产制造形成闭环，力争东
象推广大使”。 盟区域EV产销的No.1。
1998年是印尼的反华情绪最高的一年，之后，华人经常成为社会矛
盾的牺牲品和“GCD”的代名词。直到2006年才有所改善，华语教
育逐渐恢复，两国重启经贸往来。
佐科2016年担任总统之后，主抓经济建设，鼓励中方投资，至2020
年，中国以累计173亿USD位列印尼外商直接投资No.3，年均增长
45%。

Confidential Document of VKTR® 19

 Thankful for the Government attention and support

08 July 2019 Mr. Luhut Binsar Pandjaitan visited BYD 22 April 2019 Mr. Luhut Binsar Pandjaitan witnessed BYD E6 put into
taxi operation in Jakarta

Mr. Djauhari Oratmangun uses a BYD electric vehicle

Confidential Document of VKTR® 20

 The overall situation of the passenger car market – By model

Market shares
100%
90%
80% • In 2013, Indonesia announced its LCGC car
70% policy, which encourages the production and
60% sale of low-cost cars and small capacity
50% engines.
40% • Initially, 1.2L displacement engine cars are
30% exempt from the luxury tax, and 1.5L /2.5L /
20% and above are subject to 10% /20% /40%
10% luxury goods tax. Then, in 2019 and 2021, the
0% tax rules were adjusted.
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021.9
• With better development of provincial areas
Sedan SUV MPV Pick-up which relatively have more challenging road
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021.9 infrastructure as well as more frequent flood
Sedan
SUV
19.10%
17.40%
19.70%
16.10%
23.70%
15.90%
33.60%
11.30%
32.90%
16.70%
25.10%
23.80%
20.40%
21.70%
19.50%
24.70%
20.90%
24.10%
22.70%
27.40%
18.60%
33.00%
conditions SUV cars start gaining more
MPV 59.40% 60.30% 56.30% 52.30% 47.50% 48.70% 55.60% 53.10% 52.70% 46.90% 46.00% popularity.
Pick-up 4.10% 3.90% 4.10% 2.80% 2.90% 2.40% 2.30% 2.70% 2.30% 3.00% 2.40%
• Electrification on this sub-segment will assist
the better market education for EV cars.

Confidential Document of VKTR® 21

 BYD start hitting RHD Market with Atto 3

Shenzhen, China & Sydney, Australia - On February 19th, BYD Yuan Plus
(named ATTO 3 in Australia), the first A-class SUV built upon BYD’s e-
platform 3.0, was jointly launched in China and Australia.
Pre-sales of ATTO 3 in Australia would begin on February 20th. Two
configurations of ATTO 3 would enter the Australian market with the official
guide prices ranging from 44,990 to 47,990 AUD.

Confidential Document of VKTR® 22

 Thailand is entertaining BYD with an abundance of offers

Confidential Document of VKTR® 23

 How Indonesia intends to lead the competition among ASEAN countries

Thailand Indonesia
Facts: Facts :
• EV is targeted to reach 400,000 units in • No incentive for EV CBU Import.
2028. • No consumer incentive to reduce price
• To trigger EV market growth, gaps between EV and ICE Cars.
Thai Government incentify:
 ATPM: Import Duty for CBU 0% for 2 Consequences:
years. • EV Market does not grow at the pace
 Consumer Incentive: USD 2,150 - USD of other ASEAN countries.
4,600. • Investors in EV Manufacturing tend to
wait and see.
Consequences:
• EV products shall close the price gaps
compared to combustion and eventually it
is expected that EV market will be big
enough for ATPM to invest in Australia
manufacturing facilities. • 2% EV in car population,
will be 66% in 2030.
• Sales EV 2019: around
6,800 units, which
Malaysia consist of 30% Tesla.
Facts:
• EV penetration is targeting to reach 5% by
2030.
New Zealand
• Import Duty : 0% until 2023. • In December 2019 there
• Consumer Incentive: USD 600. are 18,700 EV in the
country.
Consequences: • YTD Aug 2021: 6,45% EV
• Similar to Thailand. in new car registration.

Confidential Document of VKTR® 24

 VKTR® timeline on Industrialisation of Passenger Cars

2022 -
CBU 2023
• Market Development
• Distribution & Service
Network
SKD (TKDN >35%)
2024 -
2025 • Setup Assembly Facility for
50 – 60k Cars
• Engineering Preps for I/CKD

I/CKD (TKDN >60%)

• Setup Manufacturing
2026
Facility for up to 100k Cars
• Institute design engineering
for EV Cars

Confidential Document of VKTR® 25

Q& A
Thank You