Company Presentation

PT Akselerasi Usaha Indonesia Tbk

June 2023
1 Company Introduction

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Our vision is to turn financial inclusion into reality in Indonesia; Group Akseleran has been doing digital
lending business since October 2017 through Akseleran marketplace lending platform, which enables
Crowdlenders, both retail and institutional, to directly finance borrowers, primarily Small and Medium
Enterprises (“SME”)

Basic Concept of Marketplace Lending

Risk Assessment, credit Conduct operational
scoring and underwriting activities in accordance
process with government’s
regulations (OJK)

Borrower’s Information and Borrower’s proposal, Payment of

receive yields principal and interest

Provide loan investments Credit Agreement and

Disbursement
Investor/Lender Borrowers

Technology development Financial inclusion through

to enhance efficiency and new lenders and
effectivity borrowers

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Strong track record in the past 5 years as a leading SME digital lending business in Indonesia

Strong Performance on Marketplace Lending Key Levers With Proven Traction On Track to Achieve Target

Strong track record with Strong revenue generation with lucrative margin…
~96% IDR 6,588 Bn Low cost of fund of ~10% p.a. - 10.5% p.a. with 8.73% p.a. net
Loan disbursement CAGR (2018-2022) Cumulative loan disbursement take rate per loan disbursement in 2022

Wide and healthy lenders proportion base of Achieving consecutive months of positive profitability in July and
August 2022, aiming to continue this trend moving forward
206 Thousand registered retail lenders
IDR 2,931 Bn IDR 71.4 Bn
and 8 Active Institutional FY2022 loan disbursement FY2022 Revenue

Lender Partners …and to become champion of the marketplace

Superior Credit Scoring and Portfolio Quality with lending market and…

NPL out of Total Loan IDR 336 Bn

Monthly loan disbursement Transform into an integrated digital
Outstanding of 0.41% financial platform
• First step by acquiring a multifinance business that will allow
us to aim for ~9x loan disbursement growth in the next three
Awards in 2022 years
• “The Best Fintech Lending for Productive Loans” award from IDR 645 Bn • In the future, we will add other opportunities to complement
Loan outstanding existing business
Duniafintech.com
• ”P2P Lending with lowest NPL” award from Duniafintech.com

Notes: Data as of 31 December 2022 unless stated otherwise

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Visionary and experienced board of management with various background and in-depth industry and local
knowledge
Board of Management Business Advisors

>10 years of >10 years of >10 years of >10 years of >10 years of
experience experience experience experience experience

Teruhide Sato
Ivan Tambunan Christopher Gultom Mikhail Tambunan Andi Aditya Rangga Putra Irwan Rinaldi Founder of Beenos and Beenext
AUI Chief Executive Officer/ AUI President Commissioner/ AUI Commissioner / AUI Director AUI Independent Commissioner
AKII Commissioner/ AKII Chief Executive Officer/ AKII Chief Financial Officer/
Co-Founder Co-Founder Co-Founder

>10 years of >20 years of >10 years of >10 years of

experience experience experience experience

Pandu Sjahrir
Founding Partner AC Ventures
Rassel Pratomo Rajesh Ajmera Faizal Purwanto Andri Madian
AKII Chief Technology Officer/Co-Founder AUI Chief Technology Officer AKII Chief Risk Officer AKII Chief Marketing Officer

Existing Venture Capital Shareholders

Han Chul Kim

Partner of Baring Private Equity Asia

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2 About the Product

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 MSMEs contribute significantly to Indonesia economy and keeps growing over the years
Structure of Business in Indonesia Variety of MSMEs Businesses

Total
Type of Total Annual Sales
Total Net Assets (IDR) Employment
Enterprise (IDR)
(people)

Large > 10 bn > 50 bn > 99

Medium 500 mn – 10 bn 2.5 bn – 50 bn 20 – 99

Small 50 mn – 500mn 300 mn – 2.5 bn 5 – 19

Micro < 50 mn < 300 mn 1-4

MSMEs in Indonesia made of the majority of business in Indonesia (2019) MSMEs’ historical growth from all key sectors within 5 years are relatively high
Indonesia MSME Sector Distribution Sectoral 5 Year Growth
Number of
99.99% 65 Mn
Business
10.7 11.2%
% 16.7 %
Employment 96.90% 120 Mn 7.3 %
… 6.1%
5.1%
GDP 3.6% 3.2%
60.50% IDR 9,581 Tn 63.5 %

Exports 15.70% IDR 339 Tn

Manufacturing Transportation & Construction Wholesale & Other Services
MSME Large Corp. Communication Retail Trade

Source: Asian Development Bank SMEs Monitor, Internal Analysis 7

Huge funding gap for Indonesian MSMEs as they are facing difficulties to obtain
conventional financing from financial institution
Borrowers (SME) – Lack of Financing Lenders – Excess of Fund
..lack of financing to Indonesia SMEs as indicated by the average proportion of MSMEs lending from Retail Lenders
banks only reach around 20%..

Indonesia Annual Total Loan Outstanding There is an SMEs funding gap of IDR 1,000 Tn –
• IDR 2.4 Mn (US$ 171) disposable income of Higher Middle-Income Class (~62.5
(In IDR tn) IDR 2,000 Tn (US$ 71 Bn – US$ 149 Bn) every year Mn people.)
in Indonesia • ~0.75% Of Higher Middle-Income Class are stock investors, >80% only invest in time
MSMEs deposit with 6-8% annual yield

3,793.0 4,262.0 4,572.4 4,456.4 Institutional Lenders

GAP
942.4 1,032.6 1,111.3 1,091.2
2017 2018 2019 2020
Bank Multifinance
Inability to fund SMEs funding requirement
1 2 3
Small Corporation Total Loan to SMEs*:
Micro SMEs SMEs
IDR ~626 Tn (US$ ~44 Bn)
Annual Segment Income Annual Segment Income Annual Segment Income
IDR 4,727 Tn (US$ 337 Bn) IDR 1,234 Tn (US$ 88 Bn) IDR 1,742 Tn (US$ 142 Bn) Main Issues
Banks & Financial Institutions
Annual Turnover: Annual Turnover: Annual Turnover: • Conservative collateral
< US$ ~21 k US$ 21 k - US$ ~178 k US$ ~21 k – US$ ~3.5 Mn • Inability to access Indonesian SMEs business especially for foreign institutional lenders
Unbanked, Traditional Growing company, limited Maxed limits in several banks
Transaction with a lot of manual banking facilities due to lack of with capabilities to grow even
process fixed assets further

SMEs Funding Issues Collateral Process

Banks or conventional The approval process to
financial institutions normally disbursement of funds by
ask for collateral in the form banks are time-consuming and
of land and buildings bureaucratic

Source: BPS, OJK, Asian Development Bank, Kemenkop UKM 8

Akseleran provides fit-to-market financing solutions for mainly SMEs
We offer comprehensive financing solution to our SME borrowers with cashflow-based lending products including Invoice, PO, Inventory, Capex, and Online Merchant Financing;
while we offer Employee Loan financing for our retail borrowers

SME Financing Consumer Financing

Type of Loan
Online Merchant
Invoice and/or PO Financing Inventory Financing Capex Loan Employee Loan
Financing

Loan Value IDR 75 Mn – IDR 2 Bn IDR 1 Mn – IDR 2 Bn Up to 2x employee monthly salary

Machineries,
Collateral Invoice, Receivables (Contracts/POs) Trade Inventories land/building, Unsecured Unsecured
vehicles, etc.

Tenor Up to 6 months Up to 12 months

Principal Repayment Periodic repayment or

Bullet payment Monthly amortization Monthly amortization Monthly amortization
Method bullet payment
Our main product – forms ~90% of the
entire loan portfolio

Average Loan Size Interest Rate Origination Fee Average Tenor

11.75% - 30.00% p.a, effective; 0.375% - 0.625% per month,

IDR ~819 Mn ~3 months
On average, 18% p.a. On average, 4.5% p.a.

Notes: Data as of 31 December 2022 unless stated otherwise

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3 Business Highlights

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Akseleran has been growing its loan disbursement rapidly and sustainably in the past five years, with
historical loan disbursement CAGR of 96% from 2018 to 2022; We aim to grow the loan disbursement
by ~9x in the next three years
In IDR Bn
Yearly Loan Disbursement Growth

2,931

CAGR
2018-2022
96% 1,805

943
700

198
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2017 2018 2019 2020 2021 2022

Notes: Data as of 31 December 2022 unless stated otherwise

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 Disbursement Portfolio Diversification
Loan Outstanding as of Dec-2022 Per Industry (IDR bn) Loan Disbursement FY2022 Per Geography (IDR bn)

East Kalimantan (5%)

Diversification of borrowers’ sector, optimally distributing industrial cyclical risk

Others <5% (9%)

IT services
Electronics (general) Healthcare Products
Outsourcing Others DKI Jakarta (47%)

Electrical Equipment Oil & Gas, Mining, Energy

7.4%
Chemical (Fertilizers, etc.) 1.0% 17.0% Banten (7%)
Telecom. Services 1.4%
Real estate 1.7% 1.1%
West Java (17%) East Java (15%)
Financial Svcs.
2.2% 2.1% 1.5%
(Non-bank & Insurance) Geography concentration in Java as the Indonesia most populated region, future
2.5% 1.0% Engineering/
Investments & Asset roadmap to capture immense opportunity across Indonesia
Management 2.6% 12.7% Construction
Food Processing 2.6% IDR 645 Bn
3.3%
Logistics
3.4%
Business and consumer 7.8%
services 3.7% Construction Supplies
Aerospace/Defense 4.3% 7.2%
Retail 6.5%
7.0% Building materials
Employee Loan Food Wholesalers

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Abundant liquidity from both retail and institutional lenders to support loan
disbursement
We gain more trust and commitment from both retail and institutional lenders as we have consistently provided them with sustainable investment return

List of Institutional Lenders

Yearly Retail Lenders Acquisition Trend (in 000’s # of Retail Lenders)
Total Registered Lenders Total Active Lenders

206.1
178.7
144.1
113.9

56.6
35.5 40.7
17.9 26.8
0.2 3.4 7.0
>IDR 500 Bn (US$ ~36 Mn) total facilities limit … and more coming
2017 2018 2019 2020 2021 2022

Yearly Funding Source Proportion

Retail Lender Institutional Lender

72.3% 72.7% 64.7%

95.3% 85.4%
100.0%

27.7% 27.3% 35.3%

4.7% 14.6%
0.0%
FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022

Notes: Data as of 31 December 2022 unless stated otherwise 13

Tech-based platform developed by internal tech expertise
Attractive and reliable platform to efficiently match investors and borrowers

Working Capital Loan Campaign – Web Based Easy App Based Interface for Users

Apps is very easy to use, has simple and good

> interface - Anom

The app is good, its intuitive and informative. I love

this apps because it has good credit appraisal - Anom

One of peer to peer lending app that is most

convenient, the interest rate is also quite high - Anom

It’s a great P2P platform. Easy interface with multiple

product option for my small business - Anom

Good Product offering with unique features that assist customer retention and
lenders investment

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Low NPL throughout the years as a result of prudent loan assessment and strong
lending expertise

NPL (DPD 90+) of Loan Outstanding over Last Two Years

3.00%

2.50%

2.00%

1.50%

1.02% Consistent Decrease

1.00%
1.00% 0.81%
0.58% 0.61%
0.54% 0.54%
0.50% 0.43% 0.41%

0.00%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22

Notes: Data as of 31 December 2022 unless stated otherwise 15

With one of the lowest NPL and cost of fund amongst marketplace lending platforms in
Indonesia, Akseleran is highly competitive against its competitors
We have consistently managed our NPL and cost of fund to be lower than the closest peers over the years

FY 2022 Loan NPL to Loan Average Cost

Market Size and NPL vs Competitors Loan Outstanding
Disbursement Outstanding of Fund

Has the best NPL rate.

In IDR Bn Gaining more and more
trust and credibility. Low
2022 Loan Disbursement IDR 2.9 Tn IDR 645 Bn 0.41% ~10.5% p.a.
Cost of Fund. Growing
sustainably, has been
10,000.0
leapfroging its competitors
Platform A

8,000.0
13.0% p.a. -
Platform A 7.00% NPL IDR 7.6 Tn IDR 1.9 Tn 7.00%
16.0% p.a.

6,000.0

Platform B
14.0% p.a. -
4,000.0 Platform B 2.77% NPL IDR 3.3 Tn IDR 874 Bn 2.77%
18.0% p.a.
Platform C

2,000.0

12.0% p.a. -
NPL to Loan Outstanding Platform C 6.57% NPL IDR 1.4 Tn IDR 231 Bn 6.57%
16.0% p.a.
0.0
8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%

Notes:
- Data as of 31 December 2022
- Source: Taken from company website at the relevant date
- NPL is loan DPD 90+

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4 Financial Highlights

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Consistent high growth of revenue from 2018 to 2022 driven by high growth of loan
disbursement and improved net take rate
Key factors of the 129% CAGR revenue growth are: (1) growth of loan disbursement with CAGR of 96% and (2) improved net take rate from 2.49% p.a. to
8.73% p.a.
Yearly Revenue Growth 2018-2022
(in IDR Bn)

CAGR 71.4
+129%
39.7
18.3
8.9
2.6
2018 2019 2020 2021 2022

Yearly Loan Disbursement Growth 2018-2022 Annualized Net Take Rate 2018-2022
(in IDR Bn) (in % p.a.)
2,931
CAGR 8.73%
+96% 6.85%
1,805
5.12%
943 3.43%
700 2.49%
198

2018 2019 2020 2021 2022 2018 2019 2020 2021 2022

Notes: Data as of 31 December 2022 unless stated otherwise 18

Clear path to profitability
Profitability margin has been improved over the years as a result of combining significant revenue growth and proper cost leadership strategy

PT Akselerasi Usaha Key Margins

Indonesia 2018 2019 2020 2021 2022 Operating Profit Margin
(Consolidated)
2018 2019 2020 2021 2022
INCOME STATEMENT
Actual Actual Actual Actual Actual -31.6%
(In IDR mn) -76.7%

Revenue 2,617 8,933 18,285 39,692 71,449 -385.3% -299.4%

-413.8%
129% CAGR
EBTDA Margin
Revenue YoY Growth +241% +105% +117% +80% 2018 2019 2020 2021 2022
Operating Expenses (12,701) (45,901) (73,037) (70,126) (94,015)
-68.7% -26.5%
Opex YoY Growth +261% +59% -4% +34%
-379.1% -283.4%
Operating Profit (Loss) (10,084) (36,968) (54,752) (30,435) (22,566) -402.8%
Net Profit Margin
EBTDA (9,922) (35,980) (51,817) (27,270) (18,910) 2018 2019 2020 2021 2022

EBTDA YoY Growth -263% -44% +47% +31%

-76.6% -31.5%

-385.8% -299.2%
Net Profit (Loss) (10,097) (37,012) (54,712) (30,398) (22,479) -414.3%

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5 Strategy Moving Forward

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Acquisition of a multifinance will be a game changer for Group Akseleran to unlock significant growth and
transform the business to be more efficient

We will use the proceeds of the IPO mostly to (1) Acquire 99.99% shares in PT
Pratama Interdana Finance, a multifinance company in Indonesia for IDR 36.5 Bn, and Synergy and New Capability Created through the acquisition of a multifinance
(2) Increase its capital by IDR 200 Bn

Current regulation only allows a

marketplace lending platform to
PT Akselerasi Usaha Indonesia The multifinance will be able to serve
provide a maximum loan amount
Tbk of IDR 2.0 Bn per borrower while higher ticket size, including over IDR
mid-size SME (businesses with up 10 Bn-15 Bn as a key growth driver
to IDR50 billion sales/year) can going forward
require up to IDR10 bio-IDR15 bio
working capital support

The process, time, and cost
required to assess up to IDR2 Bn
loan is relatively similar with the
PT Akseleran Keuangan Inklusif process, time, and cost required to
Multifinance
Indonesia assess IDR10 Bn-IDR15 Bn loan
More efficient business and higher
margin going forward as we will have
similar cost structure, but can get
significantly higher revenue due to
bigger average loan ticket size

Unlocking synergies by leveraging AKII’s existing lending expertise and new Limited access to get lower cost of
capabilities enabled by the multifinance fund debt from financial
institutions as a marketplace
lending platform can only do loan
channeling
Provide wider access to a single-digit
cost of fund debt from local banks
and capital market

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6 Investment Thesis

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Unique opportunity to invest in SME digital lending business in Indonesia

Addressing huge underserved SME lending market with ~IDR 1,000-2,000 Tn SME funding gap per year I

Providing fit-to-market cashflow based lending product, resulting in high growth lending business with 96% CAGR
loan disbursement growth from 2018-2022 and ~9x loan disbursement growth target within the next three years II

The multifinance acquisition will be a game changer that is targeted to transform and grow our business
III
significantly post-IPO

Strong liquidity support from both retail and institutional lenders to fund loan disbursement IV

One of the lowest NPL supported by our prudent loan assessment and lending expertise; One of the lowest cost of
fund amongst marketplace lending platforms in Indonesia, making Akseleran highly competitive against its V
competitors

Clear Path to Profitability; Consistent high growth of revenue from 2018 to 2022 (129% CAGR) driven by high growth
VI
of loan disbursement and improved net take rate; Aiming to be profitable from Q4-2023 onwards

Commitment by the Co-Founders and the existing Shareholders to grow the business together VII

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We invite all stakeholders in Akseleran’s
ecosystem and everyone in Indonesia to
participate in Group Akseleran’s IPO
If you are interested to participate in our IPO bookbuilding, please reach out to us at:

Email : IPO@akseleran.com
PT Akselerasi Usaha
Indonesia Tbk Website : www.akselerangroup.com
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7 Offering Summary
Offering Structure and Use of Proceeds

Issuer : PT Akselerasi Usaha Indonesia Tbk

Offering Type : Initial Public Offering (IPO)

Offering Structure : Up to 2,988,493,800 shares or 29.0% of enlarged issued paid-in capital after IPO
Nominal Value : IDR25 (twenty five Rupiah)
Price Range : IDR100 – IDR120
Warrant Ratio : 10:1
Listing : Indonesia Stock Exchange (“IDX”)
Use of Proceeds : 1. In relation to the Company's plans for business development and/or expansion:
a. Approximately IDR36.5 billion will be used by the Company to acquire PT Pratama Interdana Finance
(“PIF”), approximately 99.99% ownership;
b. Approximately IDR200 billion will be channeled for capital injection to PIF.
2. The remaining will be used as working capital of the Company, to support the Company's main business
activities and business development.
Financial Report : Audited 31 December 2022

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Indicative Timeline

Bookbuilding period : July 03rd – 18th, 2023

Effective Statement from OJK : July 28th, 2023

Public Offering period : August 1st – 7th, 2023

Allotment : August 7th, 2023

Distribution : August 8th, 2023

Listing on IDX : August 9th, 2023

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Capital Market Institutions & Professionals
Auditor : KAP Tanudiredja, Wibisana, Rintis & Rekan (a member firm of global PwC)

Legal Counsel : TJAJO & Partners

Notary : Raden Mas Dendy Soebangil, S.H, M.Kn

Registrar : PT Datindo Entrycom

Joint Lead Underwriters

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Price Range

[ 100 – 120 ]
IDR / share

Indicative exercise price of the warrants: IDR120 – IDR150 per share. The final exercise price will be determined
after the bookbuilding period ends.

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THANK YOU

PT. Akselerasi Usaha Indonesia Tbk

Sahid Sudirman Center 11th Fl. Unit G
Jl. Jendral Sudirman Kav. 86
Jakarta 10220