PT Trinitan Metals and Minerals Tbk (PURE)

Annual Virtual Public Expose – December 16, 2020

1
ABOUT THE COMPANY

PT Trinitan Metals and Minerals Tbk was established on June 9, 2009.

Having a vision to be the leading and most profitable company,

in the development of mineral purification technology and mineral mining activities.

Officially listed its shares on the Indonesia Stock Exchange (IDX),

on October 9, 2019 with the stock code PURE.

2
 ABOUT THE COMPANY

Company Name PT Trinitan Metals and Minerals Tbk Products

Non-ferrous Base Metal Processing Industry, 1. Lead 2. Antimony 3. Silver

Business Activities
Precious Base Metal & Minerals
Cicadas, Kec. Gunung Putri,
Location Bogor, West Java 16964
Indonesia

Date of Establishment June 9, 2009

Pure Lead Antimony Lead

Product Type Calcium Lead Tin Lead
Lead Part
High Antimony
Pure Antimony Export more than 5 countries
Focus on SMELTER business development

Hydrometalurgy technology utilization

Pioneer of
Number of Employees 219
Sales to a wide range of large companies
Annual Capacity 39,700 MT

Management System ISO 9001:2015 , ISO 14001:2015

* Based on 2018 sales

3
 DIRECTORS & COMMISSIONERS
Petrus Tjandra – President Director
Started his career as Sales Manager
of Belzona Moleculan USA in Jakarta
and was appointed as President
Director of TMM in 2020.
Master of Business Administration
at Prasetya Mulia Institute of
Management
Widodo Sucipto – Director
Petrus Tjandra Insmerda Lebang Richard Tandiono Being the Head of Engineering
President Division for 30 Years in Nipress
President Director Commissioner
Commissioner (Battery Manufacturing) and became
a Director for TMM in 2013.
Bachelor of Engineering at Satya
Wacana University
Parluhutan – Director
Built a career as An Audit Manager
since 1990 and has been a Director
for TMM since 2020.
Bachelor of Accounting at Gajah
Mada University
Widodo Sucipto Parluhutan Sungkana Hideki Iida
Independent
Director Director Commissioner
Commissioner
* Approved at the Annual General Meeting of Shareholders (RUPS Tahunan) on August 19, 2020
Insmerda Lebang – President
Commissioner
Chairman of the Indonesian Nickel
Miners Association (APNI) since
2017 and President Commissioner
in various companies after retiring
as Komjen Pol (Purn) in 2006.
College of Police Science (PTIK)
Richard Tandiono – Commissioner
Started his career in Nipress in
2006, was elected as President
Director since the establishment of
TMM in 2009.
Bachelor & Master of Engineering at
the University of Southern California
Sungkana – Independent
Commissioner
Spent his career at the Directorate
General of State Assets of the Ministry of
Finance, as well as being an Independent
Commissioner in various companies
Master of Law from American
University Washington
Hideki Iida – Commissioner
He started his career in Indonesia as
Director of Hitachi and until now
became a Strategic Business
Development Advisor at Nipress.
Bachelor of Politics at KEIO
University Tokyo
4
SMELTER INDUSTRY CONDITION DURING THE PANDEMIC

Challenges faced The Company's Strategy

• Finding alternative sources of material from the mine

• Increase production volume of pure antimony and other metals
• Expanding market share
• Conduct crisis management for cost discipline
• Development of mineral processing and purification technology, not
• Difficult to obtain raw materials, which is accompanied by an increase
only focus on Lead (Pb), but also on Nickel, Cobalt, and Rare Earth
in the purchase price from suppliers (exceed the LME price), both for
Metals (LTJ).
local and imported raw materials.
• Development of raw material sources for Lead (Pb) processing to
• Decreased purchasing power due to lockdown policy carried out by
reduce imports of Lead Bullion. This can be achieved through the use of
customers, due to the outbreak of the Covid-19 pandemic.
Galena resources domestically.
• Mine Waste Management, with the concept of Zero Waste
Management.
• Exploration and production of mining products, such as Galena and
Gold.

5
COMPANY'S FINANCIAL PERFORMANCE

December 31, 2019 June 30, 2019 June 30, 2020 September 30, 2020
Profit Loss Summary
Restated (in million) Unaudited (in million) Audited (in million) Unaudited (in million)

Sales 452,122 295,965 107,084 122,207

(Loss) / Gross Profit (1,024) 5,141 10,013 5,101

(Loss) Operational (20,892) (5,625) (54,353) (74,814)

(Loss) Net After Tax (29,120) (10,375) (56,225) (78,234)

Summary of Financial January 1,2019 December 31, 2019 June 30, 2020 September 30, 2020
Position Restated (in million) Restated (in million) Audited (in million) Unaudited (in million)

Total Asset 652,855 834,220 773,654 755,465

Total Liabilities 544,519 669,101 674,465 678,285

Total Equity 108,336 165,119 99,189 77,181

6
COMPANY'S FINANCIAL PERFORMANCE

The auditor’s opinion is Unqualified (Audit Opinion).

The company is still recording the loss as a result of the Covid-19 pandemic.

The Audited Report as of June 30, 2020 also restated the financial statements as of December 31, 2019 to
explain the breakdown/distribution of other non-current assets.

Due to economic conditions and the existence of countercyclical policies (fiscal policy to deal with economic
recession) as a result of the spread of Covid-19, the Company submitted a restructuring application to BNI
Bank on August 28, 2020 and to Resona Bank on October 29, 2020.

The Company's performance has decreased significantly.

7
DECREASE IN THE COMPANY'S PERFORMANCE

Company's performance experienced a significant decrease due to:

a) Difficult to obtain raw materials, which is accompanied by an increase in the purchase price from suppliers (exceed
the LME price), both for local and imported raw materials.
b) Decreased purchasing power due to lockdown policy carried out by customers, due to the outbreak of the Covid-19
pandemic.
c) The decline in the London Metal Exchange (LME) price greatly affected the size of the company's sales, where the
average LME price in 2018 is 2,244 US dollars per tone decreased in 2019 to 1,998 US dollars per tone.
• This decrease is due to global economic conditions in 2019 which grew slowly in the range of 2.9%, while in
2018 it was in the range of 3.6%.
• Indonesia's economic growth was also slowed down, in 2019 only grew by 5.02%, lower than in 2018 which
grew by 5.17%.
d) Sales of the company's products decreased due to the disrupted supply of raw materials from one of the largest
suppliers, due to a strike by its mine workers, so the supplier decided to move to another mine site and could not
guarantee the availability of its products to the company.
• This is the main cause of the decrease in the company's sales in 2019.
• Sales in 2018 reached 583.78 billion Rupiah, while sales in 2019 only reached 452.12 billion Rupiah (decreased
by 22.55%, or 131.66 billion Rupiah).

December 31, 2019 June 30, 2019 June 30, 2020 September 30, 2020
Profit Loss Summary
Restated (in million) Unaudited (in million) Audited (in million) Unaudited (in million)

Sales 452,122 295,965 107,084 122,207

8
DEVELOPMENT OF THE COMPANY'S BUSINESS ACTIVITIES

• Creating an additional product, Pure Antimony.

• Conducting Research & Development (R&D) of hydrometallurgy based processing

technology called STAL (Step Temperature Acid Leach) Technology, to extract Nickel and
Cobalt.
• Currently, Management continues to develop STAL Technology so that it can be used in
extracting Nickel and Cobalt in the waste, which has not been utilized in Indonesia so far.

• Established PT Hydrotech Metal Indonesia (HMI) on August 5, 2020, as a subsidiary of the

Company, which owns the rights to mineral purification technology developed by the
Company.
• Management is currently seeking to have HMI initially listed on the Canadian Stock
Exchange in 2021, to expand global investors' access to HMI's technology applications.

• Cooperating with APNI (Indonesian Nickel Miners Association) to obtain raw materials, as
well as build cooperation with nickel mine owners in Indonesia.

9
IMPORTANT EVENTS FOR COMPANY

October 9, 2019

Initial Public Offering of PT Trinitan Metals and Minerals Tbk (PURE)

10
IMPORTANT EVENTS FOR COMPANY

July 16, 2020

Signing the Memorandum of Understanding (MoU)

"Testing, Providing Information and Research"
with the Geological Agency of the Ministry of Energy and Mineral Resources (KESDM)

11
IMPORTANT EVENTS FOR COMPANY

August 6, 2020

Hearings with the Mineral Resources Development Technology Center (PTPSM) –

Agency for the Assessment and Application of Technology (BPPT)

12
IMPORTANT EVENTS FOR COMPANY

August 19, 2020

Annual General Meeting of Shareholders (RUPST)

PT Trinitan Metals and Minerals Tbk (PURE)

13
IMPORTANT EVENTS FOR COMPANY

September 16, 2020

Signing of a Joint Agreement

"Construction of Nickel Smelter in Palu Special Economic Zone (KEK Palu) "
with PT Bangun Palu Sulawesi Tengah (BPST)

14
IMPORTANT EVENTS FOR COMPANY

September 18, 2020

Virtual Public Expose (PE) Incidental

PT Trinitan Metals and Minerals Tbk (PURE)

15
IMPORTANT EVENTS FOR COMPANY

October 12, 2020

Signing of Cooperation Agreement

"Additional Development of Pilot Plant and Study of Techno Economics of Rare Earth Metals (LTJ) and Tenorm Management"
with Indonesian Nuclear Profession Association (Apronuki)

16
IMPORTANT EVENTS FOR COMPANY

October 28, 2020

Ground Breaking Ceremony

"Construction of Nickel Smelter in Palu Special Economic Zone (KEK Palu) "

17
IMPORTANT EVENTS FOR COMPANY

November 11, 2020

Extraordinary General Meeting of Shareholders (RUPSLB)

PT Trinitan Metals and Minerals Tbk (PURE)

18
19