DASHBOARD

Overview Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Total Revenue 1.557.504 4.906.138 6.868.593 7.662.774 8.045.912 8.448.208

Y.O.Y Growth (%) NA 215% 40% 12% 5% 5%

OPEX and Payroll 693.920 728.616 765.047 803.299 843.464 885.637

EBITDA 343.433 2.617.070 4.022.943 4.648.834 4.991.808 5.351.930

EBITDA Margin % NA 662% 54% 16% 7% 7%

PAT (522.190) 1.391.491 2.514.453 3.044.202 3.354.523 3.671.335

PAT Margin % NA NA 81% 21% 10% 9%

Overview Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

PAT (522.190) 1.391.491 2.514.453 3.044.202 3.354.523 3.671.335
PAT Margin % NA NA 81% 21% 10% 9%

EBITDA Margin
Overview Total Revenue EBITDA
%
Year 1 1.557.504 343.433 0%
Year 2 4.906.138 2.617.070 662%
Year 3 6.868.593 4.022.943 54%
Year 4 7.662.774 4.648.834 16%
Year 5 8.045.912 4.991.808 7%
Year 6 8.448.208 5.351.930 7%

Revenue and EBITDA Margins PAT and Margin %

4.000.000 100%
9.000.000 100%
3.500.000 90%
8.000.000 90%
80%
7.000.000 80% 3.000.000
70%
70%
6.000.000 2.500.000 60%
60%
5.000.000 2.000.000 50%
50%
4.000.000 40%
40% 1.500.000
3.000.000 30%
30% 1.000.000
2.000.000 20%
20%
500.000 10%
1.000.000 10%
- 0% - 0%
Year 6 Year 5 Year 4 Year 3 Year 2 Year 1 Year 6 Year 5 Year 4 Year 3 Year 2
PT. RONA NIAGA RAYA
Revenue Assumptions Sheet
Amounts in USD

Assumptions for the Yearly Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

PRODUCTION "
Design Capacity - Ton/Hour 6
Opreating Days, 3 Shift - Hour/Year 7488
Total Production - Ton/Year 44.928
Production Efficiency 20% 60% 80% 85% 85% 85%
Total Production - Ton/Year 8.986 26.957 35.942 38.189 38.189 38.189
SALES PRICE
Domestic Price 173
Price Escalation - per Year 5%
Sales Price - USD/Ton 173 182 191 201 211 221
REVENUE
Sales 1.557.504 4.906.138 6.868.593 7.662.774 8.045.912 8.448.208
PT. RONA NIAGA RAYA
Expense Assumptions Sheet
Amounts in USD

Assumptions for the Monthly Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Operating Expenses
Expenses escalation - %/Year 5%
Head Office 56.000 58.800 61.740 64.827 68.068 71.472
Factory Expenses 60.800 63.840 67.032 70.384 73.903 77.598
Travelling 11.200 11.760 12.348 12.965 13.614 14.294
Miscellanous 5.600 5.880 6.174 6.483 6.807 7.147
Marketing Budget for the company 6.720 7.056 7.409 7.779 8.168 8.577
Total 140.320 147.336 154.703 162.438 170.560 179.088

Cost Of Good Sold - COGS

per Ton
Salary Operator 10,52
Reforestry Development - per Ton 4,67
PLN - Electricity 9,65
Cons., S-Parts & Maintenance 7,38
MateriaL Packing 3,67
Raw Material & Transportation 22,00
COGS per Ton 57,89
PT. RONA NIAGA RAYA
Payroll Sheet
Amounts in USD

Assumptions for the Monthly Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Monthly Compensation
Cost escalation - %/Year 5%
Management Team
Head Office 400.000 420.000 441.000 463.050 486.203 510.513
Factory 80.000 84.000 88.200 92.610 97.241 102.103
Sales and Marketing
Sales person/Support 20.000 21.000 22.050 23.153 24.310 25.526
Digital Marketers 12.000 12.600 13.230 13.892 14.586 15.315
Tech team
Engineers 12.000 12.600 13.230 13.892 14.586 15.315
Product Manager 20.000 21.000 22.050 23.153 24.310 25.526
G&A
Office Admin Staff 9.600 10.080 10.584 11.113 11.669 12.252

Total Annual Compensation 553.600 581.280 610.344 640.861 672.904 706.549

PT. RONA NIAGA RAYA
Fixed Assets Schedules Sheet
Amounts in USD

Assumptions for the Monthly Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Fixed Assets

Initial Employee Equipment Costs

Annual Depreciation 12%

Opening Balance 7.213.526 6.347.902 5.586.154 4.915.816 4.325.918 3.806.808

Additions
Depreciation 865.623 761.748 670.339 589.898 519.110 456.817
Closing Balance 6.347.902 5.586.154 4.915.816 4.325.918 3.806.808 3.349.991

Total Capex 7.213.526 6.347.902 4.720.531 2.422.821 - -

Total Depreciation 865.623 1.627.371 2.297.710 2.887.608 - -
Net Book Value 6.347.902 4.720.531 2.422.821 - - -
PT. RONA NIAGA RAYA
Annual Profit & Loss Statement
Amounts in USD

Assumptions for the Annual Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Revenues
1.557.504 4.906.138 6.868.593 7.662.774 8.045.912 8.448.208
Total Revenue 1.557.504 4.906.138 6.868.593 7.662.774 8.045.912 8.448.208
Y.O.Y Growth (%) 0% 215% 40% 12% 5% 5%
COGS 520.151 1.560.452 2.080.603 2.210.640 2.210.640 2.210.640
Gross Profit 1.037.353 3.345.686 4.787.990 5.452.133 5.835.272 6.237.568
Operating Expenses
Head Office 56.000 58.800 61.740 64.827 68.068 71.472
Factory Expenses 60.800 63.840 67.032 70.384 73.903 77.598
Travelling 11.200 11.760 12.348 12.965 13.614 14.294
Miscellanous 5.600 5.880 6.174 6.483 6.807 7.147
Marketing Budget for the company 6.720 7.056 7.409 7.779 8.168 8.577
Total Operating Expenses 140.320 147.336 154.703 162.438 170.560 179.088
Payroll Expenses 553.600 581.280 610.344 640.861 672.904 706.549
Total Operating Expenses 693.920 728.616 765.047 803.299 843.464 885.637
EBITDA 343.433 2.617.070 4.022.943 4.648.834 4.991.808 5.351.930
EBITDA Margin (%) NA 662% 54% 16% 7% 7%
Depreciation & Amortization 865.623 761.748 670.339 589.898 519.110 456.817
Interest - 245.000 196.000 147.000 98.000 49.000
Profit Before Tax (PBT) (522.190) 1.855.321 3.352.605 4.058.936 4.472.698 4.895.113
Tax 463.830 838.151 1.014.734 1.118.174 1.223.778
Profit After Tax (PAT) (522.190) 1.391.491 2.514.453 3.044.202 3.354.523 3.671.335
PAT Margin (%) NA NA 81% 21% 10% 9%

CASHFLOW
PAT (522.190) 1.391.491 2.514.453 3.044.202 3.354.523 3.671.335
Depreciation & Amortization 865.623 761.748 670.339 589.898 519.110 456.817
Operating Cashflow 343.433 2.153.239 3.184.792 3.634.100 3.873.633 4.128.152
PT. RONA NIAGA RAYA
Balance Sheet
Amounts in USD

2022 2022 2022 2022 2022 2022

Assumptions for the Monthly Period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
ASSETS
Current Assets 66.667 1.343.433 2.153.239 3.184.792 3.634.100 3.873.633 4.128.152

Non-Current Assets 5.005.859 10.605.859 9.740.236 8.978.488 8.308.149 7.718.251 7.199.141

TOTAL ASSETS 5.072.526 11.949.292 11.893.475 12.163.279 11.942.249 11.591.885 11.327.293

LIABILITIES 400.000 7.000.000 5.600.000 4.200.000 2.800.000 1.400.000 -

SHAREHOLDER'S EQUITY 4.672.526 4.949.292 6.293.475 7.963.279 9.142.249 10.191.885 11.327.293

Share Capital 5.805.859 5.805.859 5.805.859 5.805.859 5.805.859 5.805.859 5.805.859
Retained Earnings (1.133.333) (856.567) 487.616 2.157.421 3.336.390 4.386.026 5.521.434
TOTAL LIABILITIES & SHAREHOLDER'S EQUITY 5.072.526 11.949.292 11.893.475 12.163.279 11.942.249 11.591.885 11.327.293
Check - - - - - - -
PT. RONA NIAGA RAYA
Funding & Schedule
Amounts in USD

EXISTING ASSET
(in USD)
IDR/USD 15.000
DESCRIPTION USD
I. Land, Offic Building
1. Land + Office Building Jakarta (1,215M2) 1.620.000
2. Factory Land 20,450 M2 : 1.772.333
Sub. Total Fac.Land, Off Building (I) 3.392.333

II. Building :
1. Factory Building 769.549
2. Factory Office Building 49.433
3. Warehouse & Workshop 18.692
4. Utility Building 3.684
Sub. Total Fact. Building (II) 841.359

III. Production Machinery & Equipment

1. Pellet Line Process 662.505
2. Material Handling 72.219
3. Laboratory & Testing Equipment 14.680
4. Fire Fighting System 22.762
Sub. Total Production Machinery (II) 772.166

TOTAL ASSET 5.005.859

CAPEX REQUIREMENT :
1. Factory Revamping 5.600.000
2. Working Capital 1.000.000
3. Loan Restructure 400.000
TOTAL CAPEX 7.000.000

LOAN TERMS
1 Principal 7.000.000
2 Periode 5 Years
3 Interest - SIBOR Rate 3,50% per Annum

LOAN & REPAYMENT SCHEDULE

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Outstanding 7.000.000 7.000.000 5.600.000 4.200.000 2.800.000 1.400.000
Principal Repayment 1.400.000 1.400.000 1.400.000 1.400.000 1.400.000
Interest - 245.000 196.000 147.000 98.000 49.000
Installment - 1.645.000 1.596.000 1.547.000 1.498.000 1.449.000