Public Exposé

November 29, 2022

Disclaimer

This presentation contains forward-looking statements that are not historical facts with regard to the financial position, trends for
future periods, and results of PT Multi Bintang Indonesia Tbk’s (“MBI”) activities. These forward-looking statements involve known and
unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed in the
forward-looking statements as originally made.

Many of these risks and uncertainties relate to factors that are beyond MBI’s ability to control or estimate precisely, such as, but not
be limited to, future industry, market and economic conditions, the behaviour of other market participants, changes in consumer
preferences, costs of raw materials, interest rate and foreign exchange fluctuations, change in tax rates, changes in law, technological
advances, access to financing, international and domestic economic conditions, actions of government, regulators and weather
conditions.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this
presentation. MBI does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect
events or circumstances after the date of these materials. None of MBI, or any of their respective directors, employees, representatives
or agents shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use
of this presentation or its contents or otherwise arising in connection with this presentation.

Nothing in this presentation (including any opinions expressed) should be regarded as investment advice being provided by MBI or a
solicitation or a recommendation that any particular investor should invest, buy, sell, hold or otherwise deal in any share or business of
MBI.

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MULTI BINTANG 2022
INDONESIA UPDATE

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Multi Bintang Indonesia at a glance

Multi Bintang Indonesia HQ &

Ownership Information
Production Facilities

Heineken
Tangerang Brewery International B.V
1,841,951,000 shares

87.4%

HQ (Jakarta)

12.6%
Public
265,049,000 shares

TPI Non-alcoholic plant

Sampang Agung Brewery

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MBI is one of the oldest HEINEKEN breweries outside of
the Netherlands, with a 90-year history in Indonesia

1931 1965/67 1972/3

First established as Nederlandsch- Nationalised by Changed name to PT
Indische Bierbrouwerijen with a the Government in Perusahaan Bir Indonesia
brewery in Surabaya producing 1965. HEINEKEN and Tangerang brewery
Java Bier (the origin of Bir regained opened
Bintang) ownership in 1967

2014 1997 1981

3rd production facility
established, for Non-
Alcoholic Beverages
Relocated Surabaya Listed on Jakarta
brewing operations and Surabaya Stock
to a new brewery in Exchanges as PT
Sampang Agung Multi Bintang
(East Java) Indonesia

Has been operating since

1931 with JAVA BIER as 2021
pioneer of the iconic celebrated its 90th anniversary and introduced a
BINTANG BEER. fresh new corporate identity. Launched Bintang
Crystal, Indonesia’s first smooth, cold-brewed beer
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Our portfolio today

Premium Lager Mainstream Lager Sessionable Flavored Zero Alcohol Beer CSD

No. 1 premium beer Indonesia’s most favourite beer, First smooth cold Radler Launched Lemon Launched in
in Indonesia, iconic brand since 1952 brewed beer in launched variant in 2016 1982 as shandy
locally produced Indonesia in 2014 Blackcurrant Lime drink & in 2002
since 2005 launched in 2020 became non-
in 2021 alcohol CSD
Launched in 2004
Pioneer in zero-alcohol
beer category

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 01 02
MULTI BINTANG 2022
INDONESIA UPDATES

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MBI on track to recover beyond pre-pandemic levels

Net Sales (IDR, bn) Net Profit (IDR, bn)

COVID-19 COVID-19

-47% -76%
3,711 1,206

2,474

1,985 666
44.3%

286 36.0%

21.8%

2019 2020 2021 2019 2020 2021

OP Margin Net Profit

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Our ambition is to deliver superior top-line growth,
winning with consumers and customers

Portfolio & Innovation Route to consumer

Drive premiumization Excite the beer Refresh the BINTANG Offer zero alcohol Strengthen our Route
at scale led by category through Brand as Indonesia’s Beer portfolio to our to Consumer
Heineken® Product Innovation Favorite Beer consumers

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Drive premiumisation at scale led by Heineken®

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Drive premiumisation at scale led by Heineken®

Build product credentials of Heineken® Bring Heineken® world class experience Introducing Heineken® Greener Bar,
from star ingredients to star serve through Formula E & Music the first sustainable bar in Asia

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Drive premiumisation at scale led by Heineken®

Heineken® Greener Bar, Formula E Experience Heineken® Escape Room

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Excite the beer category with Bintang Crystal innovation
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Excite the beer category with Bintang Crystal innovation

Launch the Taste-monials campaign Continue to drive awareness and trial Engage with consumers with
led by Gen-Z approved influencers through integrated programs crystal chill brand experiences

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Excite the beer category with Bintang Crystal innovation

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Refresh the BINTANG Brand as Indonesia’s Favourite Beer

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Refresh the BINTANG Brand as Indonesia’s Favourite Beer

Celebrate BINTANG’s 70th anniversary Supporting community during pandemic

Build Bintang 0.0% as zero alcohol beer
with refreshed packaging look through BINTANG Bersama Bali

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Refresh the BINTANG Brand as Indonesia’s Favourite Beer

Bronze Winner of MMA Smarties 2022

for Social Impact Award

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Refresh the BINTANG Brand as Indonesia’s Favourite Beer

Silver Winner of MMA Smarties 2022

for Inclusion & Diversity Award

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Solid Cost agenda to fund the growth, fuel the profit
Create a lean
High-performance organization
▪ Increased agility & speed of
decision making
▪ Streamlined pay for performance
organization
▪ Optimized remuneration package
for all employees
2021 Focus
Industry cost leader
▪ Sustainable & repeatable cost
savings
▪ Focus on value and productivity
▪ Achieving cost scale as we grow
2022 and beyond
Performance Intensity
▪ Implement strong governance,
control & monitoring to ensure
accountability for cost savings
targets
▪ Create continuous cost
improvement culture
▪ Incorporate as part of longer-
term Strategic Plan
Sustainable
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Sustainability is Core to Our Business

Path to zero impact

Path to inclusive,
fair and equitable
company and world

Path to moderation
and no harmful use

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Four Awards in Sustainable Business Awards 2020/2021

• Winner in Sustainability Strategy • Significant Achievement in Workforce

• Winner in Water Management • Significant Achievement in Energy Management
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 The Front Runner in Sustainability in Indonesia

Path to Inclusive, Fair & Equitable Path to moderation and

Path to Zero Impact
Company & World no harmful use
100% RE in Production by 2023
Diversity, Equity and Inclusion Always a choice
Healthy watershed
Fairness & Safety Address Harmful Use
Circularity
Community Impact Make Moderation Cool

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MBI’s Renewable Energy Strategy 2025
On Track to reach 100% Renewable Energy in Production by 2025

By 2021: 28% 2022: 64% 2023: 73% 2025: 100%

Biogas in TA and Biomass Biomass Plant in Solar rooftop in both RE procurement options
Plant in SA Brewery Tangerang Brewery breweries from Cirata Floating Solar

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An Inclusive Workplace of Growth that is Agile, Purposeful & Fun

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Strong recovery on road to grow beyond pre-pandemic levels
Q3 2022 Results

2.1 606
Trillion Billion
+26% vs LY +47% vs LY

Net Sales Net Profit

841 39.6%
Billion of Revenue
+48% vs LY +5,8pp vs LY

Operating Profit OP margin

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In IDR Rupiah