PERTAMINA

NEW & RENEWABLE ENERGY

Company Profile
Pertamina is Mandated to Ensure The Indonesia’s Energy Security Through 6
Sub-Holdings

Ministry of Finance

Oversight and
Regulation Ministry of Energy &
Government of
Indonesia Mineral Resources

100%
Ministry of State-
Owned Enterprises

2
Pertamina’s Commitment & Achievement to Sustainability
Pertamina Sustainability Policy Adherence to International Standards Pertamina’s ESG Performance & Achievement

“PERTAMINA’s ambition is to be a Guiding Principles

leading and reputable Global Energy
Company and to be recognized as:

17 Goals National Determined International

Environmentally Friendly Company
Contribution Labor Organization

Socially Responsible Company

Participation to International Initiatives
Good Governance Company”
Note: lower score is better
Risk Level SEVERE RISK MEDIUM RISK
Pertamina Sustainability Committee International Best Practices in Operation Rating Date Feb 2021 Sep 2021
ISO 14001:2015 Environmental Management
Methodology Core Rating Comprehensive Rating
Chairperson : President Director & CEO Type Unsolicited Solicited
ISO 45001:2018 Occupational Health and Safety

Members : ISO 50001:2018 Energy Management One of Pertamina’s Group suabsidiary also receiving the
1. Strategy, Portfolio & New Ventures best ESG rating in the world for its sector :
ISO 37001:2016 Anti Bribery Management System
Director
Negligible Risk
2. Finance Director ISO 27001:2013 Information Security Management Systems
1st Ranking in Utilities Sector
3. Logistics & Infrastructure Director ISO 26000:2010 Social Responsibility 1st Ranking in Renewable
ISO 31000:2018 Risk Management
Power Production

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Pertamina is Moving Ahead on Energy Transition While Enabling Energy Security
for Indonesia
Pertamina Green Business Initiatives
Estimated 2060 capacity and cumulative capex up to 2060
GOALS
Aspiration: Biofuels Renewables
Scope 1 & 2: Net Zero Emission by 2060 200+ kbpd 60 GW to fulfil 15%
capacity for market share
HVO and HEFA
STRATEGIC INITIATIVES $5-10 bn $50-55 bn
Decarbonization of business New business building
CCS/CCUS Battery and EV
Energy efficiency Renewables
80 GWh battery prod. capacity
~60 MTPA
Green power generation EV Charging and Swapping
capacity of E2E
~800,000/yr E2W production
Loss reduction (e.g., flare, methane) Clean Hydrogen (manufacturing, transport) CCS/CCUS business ~1.5 TWh charging stations
Fleet electrification Nature-based solutions
$20-25 bn $3-5 bn
Static equipment electrification Battery and EV

Carbon capture and storage (own use) Biofuels

Low/ zero carbon fuel for fleets Integrated CCS/ CCUS service Hydrogen Carbon business
Carbon market business 3 MTPA for 20+ mn tCO2 carbon
transport, industry credits generated by 2030

ENABLERS
$45-50 bn
Reporting (carbon accounting), performance management and Pertamina Internal Carbon Price

Sustainability organization, capabilities

Stakeholder engagement
~25-30 Mn
Tonnes CO2 abated
(Scope 1 & 2) in 2060
~30-40 Bn ~2%
Revenue per year from Contribution to Indonesia’s
new green businesses Net-Zero aspirations
(Scope 1 & 2)

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Pertamina New & Renewable Energy is Focused for Energy Security from
Renewables and Future Business
Key Milestone Vision

26 October 2016 Energizing People and Planet with Green Energy

PT Pertamina Power Indonesia (PPI)

was first established as a strategic Mission
project company of Pertamina.
Leading Pertamina Energy Transition towards NZE

13 June 2020 The 3 Strategic Pillars of PNRE

PPI was appointed as a Power & Low Carbon

New Renewable Energy (NRE) Renewable Energy Future Businesses
Solutions
Subholding which is responsible for
the consisting of exploration and • Gas to Power • Geothermal • Battery and EV
production of NRE sources. • Decarbonization • Solar Ecosystem
• Energy Conservation • Biogas • Clean Hydrogen
• Nature Based • Wind • Carbon Business
Solutions (NBS) • Tidal
8 August 2021
Award & Recognition
Legal End-State as Subholding
Jawa-1 LNG-to-Power project Jawa-1 Gas-fired Power of The
Power & NRE (“PNRE”). as Asia Pacific Power Deal of Year in Asia Pacific by IJ Global
The Year, by Project Finance Awards (Project Finance &
International (PFI) awards Infrastructure Journal)

5
PNRE have a Portfolio of Subsidiaries Who Engage in Renewables and Future
Business

AFFILIATION
SUBSIDIARY

69%

40%

26%

25%
Established : Established : Established : Established :
2006 2016 2018 2021

Other Shareholders : Other Shareholders : Other Shareholders : Other Shareholders :

PUBLIC

Line of Business : Line of Business : Line of Business : Line of Business :

Geothermal Energy Power Plant and Domestic Sea Battery & EV Industry
Business with a total responsible to manage Transportation for
capacity of ~600 MW in Jawa-1 Project 1,760 Special Equipment
15 Operational Work MW
Areas

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 Current PNRE’s Total Capacity is 4,5 GW with Potential Additional Capacity
in The Future
2022 Capacity 4,5 GW*
PLTBg Sei Mangkei 2.4MW
Kwala Sawit 1MW 9 NBS concessions with Perhutani (East
PLTS Sei Mangkei 2 MW Ulubelu 220 MW
(O&M) and North Kalimantan) Lahendong 120.5 MW Geothermal (2,097.5 MW)
Badak 4 MW
Gas to Power (2,335 MW)

Solar (55,6 MW)

13 Dumai 2 MW Biomass/biogas (4.4 MW)

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15 Rokan 26 MW NBS (7.8 Mn VCU per year)

16 12
Pagar Merbau 30
1 BSS** (6 locations)
1MW (O&M) 17
24
2 29 Dumai 5 MW *) including LOI /FID/ Construction
18
**) Battery Swap Station
Sibayak 12 MW 23
3
Sarulla 330 MW

Sungai Penuh (Dev) 55 MW 4

5

Hululais (Dev) 2x55 MW SPBU– 313 (COCO + DODO + East Timor) 1.7 MW
6
27 Wayang Windu 227 MW
20
Lumut Balai 2x 55MW 8 28
19 6 BSS Operational
7
9 10
Telkom STS Office Cikarang 0.1 MW 11 22 31
21

Gunung Salak 377 MW

Darajat 271 MW
Karaha 30 MW CPP Tuban 570 MW
Cilacap 1.34 MW
Kamojang 235 MW

IPP Jawa Satu 1760 MW

25 Captive Solar PV Pertamina 20221). 15.5 MW (various locations) 26 Eksternal Solar PV 20222) 2.9 MW (various locations)

1). Include PLTS R&P (6,5 MW) PLTS C&T (4,8 MW), PLTS IML (2,5 MW). PLTS Non-SH (0,9 MW), PLTS SH Gas (0,7 MW) PLTS PNRE (0,1 MW) dan PLTS SHU (0,01 MW)
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2). Include PLTS UGM (0.3 MW), PLTS AP II (2.3 MW), dan PLTS Jababeka (0,2 MW)
 Composition of Board of Directors and Board of Commissioners
Dannif Danusaputro
Chief Executive Officer

Norman Ginting
Director of Project & Fadli Rahman Ajar Budi Kuncoro Ida Nuryatin Finahari
Operations Director of SPBD Commissioner Commissioner

Said Reza Pahlevy Iman Hilmansah Dwi Agus Setiawan Budiman Parhusip
Director of Human Capital & Director of Finance Commissioner Commissioner
Corporate Services

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Partnered with Well Known and Prestigious World Class Institutions
Low Carbon Solutions Renewable Energy Future Businesses

Strategic Partner

Supporting Partner

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Highlights of PNRE Milestones
Legal End-State as
Subholding Power &
NRE, as parent
The establishment of company for
PT Pertamina
PT Jawa Satu Regas
Geothermal Energy

2018

2021
MOU the
COD Solar Power Plant
development of a RU IV Cilacap with a
1.200 MW IPP in capacity of 1,34 MW
Bangladesh with COD PLTS
BPDB (Bangladesh
Power Development COD Solar Power Plant
Board) Sei Mangkei with a
capacity of 2 MW

Commercial Launching of Brand

The Company was Operation Date Transformation for Pertamina
(COD) of 2,4 MW
2016

2020

2022
established NRE
Sei Mangkei Biogas
Power Plant Groundbreaking of Rokan Solar
The establishment of Power Plant with a capacity of 25
PT Jawa Satu Power (JSP) Groundbreaking of MW
the Sei Mangkei 2
MWp Solar Power Transfer of shares ownership of
Plant IBC from PT Pertamina (Persero)
to PT Pertamina Power Indonesia
(Pertamina NRE)

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IPO of PT Pertamina Geothermal Energy (PGEO) Have Just Been Successfully
Executed
Geothermal Exploitation
6 Geothermal Areas
3 Development Project
3 Exploration Initiation
5 Joint Operation Contract
Subsidiaries
672 MW Own Capacity
Establishment
1.205 MW Joint Operations
Deed of Establishment No.10
dated 12 Desember 2006
15 Location Across Indonesai
Company Structure
25% Public Shares
IDR 875,- IPO Price
IDR ~8,5 Tn Proceed Received
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THANK YOU
 Pertamina New & Renewable Energy

PT Pertamina Power Indonesia

Pertamax Tower Lt. 12, Grha Pertamina
Jl. Medan Merdeka Timur No. 11-13
Jakarta Pusat, 10110, Indonesia

CONTACT 021-3815111 Ext: 2172

https://pertaminapower.com/ @pertaminapowerid

Pertamina Power Indonesia Pertamina Power Indonesia

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Indonesia has developed a robust strategy to embrace energy transition and sustain
energy security
National Grand Energy Strategy (GSEN) Global & National Commitment
Current mix (2019) & Targets (2050) Current mix (2019) & Targets (2050)

RPJMN
Coal Oil Gas NRE
2020-2024
Indonesia Enhanced NDC

9%
“Membangun lingkungan hidup,
31% 25% 32-43% meningkatkan ketahanan bencana dan
perubhan iklim”
20% 37% National GHG Emission
Real Projected Reduction Target from BAU by 2030 Main Agenda of RPJMN
2019 2050

34% 24%
20%
915 75-78
Million Ton Indeks Kualitas Lingkungan Hidup
Unconditional Emission Reduction Target (CM1) IKLH Achievement Target by 2024

Energy Consumption: 0.8 TOEcap. Energy Consumption: 3.2 TOEcap.

Electricity Consumption: 1084 Kwhcap. Electricity Consumption: 7000 Kwhcap.
358 27%
Million Ton National Carbon Emission
Target Contribution from Energy Sector (CM1) Reduction Target by 2024
Highlights | Pertamina develops biofuel products to support beyond B30 implementation
in Indonesia and potential export demand
1 3
HVO Production Grass Root Refinery
Dumai Refinery Plaju (plan)
B35-B40
Capacity Feedstock Capacity Feedstock
Beyond B30 target
1.0 kbpd RBDPO Bioavtur 20 kbpd CPO/UCO
(Sustainable Aviation Fuel)

200 kbpd
2060 HVO and HEFA cap.

2
HVO Production Pertamina Renewable

Cilacap Refinery
Diesel $5~10B
Capital investment
Capacity Feedstock
needed
0.8 kbpd RBDPO
Certii-
Revamping Phase 1 cation
Other potential products
Capacity Feedstock Target
Market FAME DPME
3.0 kbpd RBDPO
(max blending 30%) (high grade FAME)

Revamping Phase 2
HVO (PertaminaRD) BIO JET FUEL
(2025 plan)
Key milestones:
Capacity Feedstock • Sept 2021: Bioavtur J2.4 test flight
BIO NAPHTA BIO LPG
6.0 kbpd UCO/CPO • June 2022: trial Renewable Diesel for electricity generator at Jakarta e-Prix
• Oct 2022: Renewable Diesel first shipment of HVO to Singapore
Highlights | Clean Hydrogen potential – alternative for fossil-based energy carrier and
addressing emissions in hard to abate industries
Demand centers Priority locations Other supply locations

1 Batam Bintan Clean H2 Cluster 4

North Sulawesi Green NH3 cluster

10%
Export Export

Floating solar Power NH3 Geothermal Power

H2
Source Source Global addressable
Strategic partner: NH3 Solar
market by 2040
Target Strategic partner: Target
Market Market

5
12
2 Mainland Sumatera Clean H2 Cluster
Export 6
1 4 1.8 Mtpa
H2 Geothermal Power 11
H2 eq capacity by 2040
16
Source 10
Strategic partner:
15
Target 2 14
Market 3 7
8 9
$25~30B
17

13

3
Capital investment
Cilegon Clean H2 cluster
Domestic 5
Sumatera-Java Blue NH3
H2 SMR & CCS Domestic
Power SMR & CCS Power
NH3
H2 Wind & Solar
$4~5B
Source Source
Strategic partner: Strategic partner:
Target Target
Annual Revenue by 2040
Market Market
Highlights | Renewable energy potential – maximizing Indonesia’s potential of renewable
resources and ensuring energy security
PV Power Output (kWh/ m2) Wind-Potential (xx m/s)
PNRE Presence
Large Scale Hydro potential Geothermal (Exploration)
No potential No potential
Geothermal (Producing) Geothermal (Construction) Geothermal
2-3 3-5 >5 On-shore Off-shore

Gas to Power

Sei Mangkei 4.4MW Ulubelu 220 MW Lahendong 120.5 MW

Solar
Badak 4 MW Biomass/biogas

BSS** (6 locations)
*) including LOI /FID/
13 Dumai 5 MW Construction
14 **) Battery Swap Station
15 16
12
1
17 24
2 29 Rokan 26 MW
18
23
3
Sarulla 330 MW

4
5
6
27 Wayang Windu 227
20
Lumut Balai 2x 55MW 8 MW28
19 7
9 10
11 22 31
21

Gunung Salak 377 MW

Darajat 271 MW
CPP Tuban 570 MW

Kamojang 235 MW
Highlights | Solar power potential – maximizing Indonesia’s potential of renewable
resources and ensuring energy security
1| Installed in Internal Customers 2 | Installed in External Customers 3 | Installed in Pertamina Gas Station

Rokan PSC Badak Cilacap Refinery Dumai Refinery

UGM
SPBU COCO Bali SPBU DODO Bali** SPBU Tangerang
Sei Mangkei

Marketing Geothermal
PIS Logistics TBBM Pengapon
Reg III Kamojang
AP II Kualanamu

SPBU Cikarang SPBU Tendean SPBU Cipularang

Telkom Data Center (TDC) Office

TBBM Surabaya TLPG Balongan Grha Pertamina Tj. Sekong
AP II Banyuwangi

Mitratel Gambir

332
PTPL Cilacap MOR V TBBM Tuban PTPL Gresik AP II Soekarno Hatta

Gas Stations (SPBU)

Highlights | Carbon sink potential – leveraging Pertamina’s upstream capabilities and
Indonesia’s forest potentials
3 1
Sukowati, East Forest and other forests potential in Indonesia
Asri Basin 9 Concessions
Java in collaboration with
Primary land forest Mangrove

Secondary land forest Peatlands

800 CO2 avoidance # of

potential, MTPA concessions

Indonesia,
~140 >500
@2030
1500
Pertamina ~4-7 9-12
2000
4 (5% of Indonesia potential)

Central Sumatera
Basin
550

800 200

100
xx CO2 sequestration potential per year, MTPA

Industrial cluster xxx Storage capacity by 20354, MT

CCS potential, MTPA # of facilities 2 5 Lahendong Unit 5 & 6 VCS

165 – 215 ~130 Gundih, Central Project ID #1778
In clusters RU V Balikpapan
~45% of total ~20% of total Java
Total 275 – 480 ~650
Several key challenges remain, hampering aggressive NRE development in Indonesia

Competitiveness Early Stage of Uncertainty in Dynamics of

vs Existing Sources Technological Capability Regulatory Framework External Factors

• High licensing cost, while • Development and improvement • Law for New Energy and • Geopolitical tension and energy
NRE tariff is lower than of key technologies are still Renewable Energy (UU EBET) is crisis in Europe have increased
national BPP (or no more ongoing, LCOE have not reach still under discussion and waiting global oil prices and demand.
than 85% of regional BPP1) the level of fossil fuels. for formalization.

• Enormous land requirements • Expertise and breakthrough NRE • Other supporting regulation (e.g • Increasing demand in NRE
to reach scalability (e.g. to projects in Indonesia are still Carbon Trading, Carbon Tax) yet development were not balanced
Green hydrogen and solar limited to provide incentives for by increasing technology
PV) accelerating NRE development suppliers and raw materials.
Pertamina NRE commits to drive development of two main sectors through collaboration -
accelerating implementation of green ecosystem Non-Exhaustive

Carbon EV

Carbon Ecosystem Development Carbon Offsetting Customers Supply & Infrastructure Demand Creation & Marketing

Carbon Trading for

Coal-fired IPP

Financing Support

And more.. And more..

LOW CARBON
SOLUTIONS

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Gas to Power | PNRE has pipeline of ~8 GW Gas to Power Projects
Existing Project Pipeline Project

~1,7 GW ~8,1 GW
Target operation by 2023 Accumulated Target Operation by 2030

Our Partners: Our Partners:

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 Energy Efficiency | PNRE can provide an end-to-end solution for Energy Efficiency &
Reliability Enhancement to the Customer
PNRE’s solution covers various segments of utilities: power generation, T&D, substation, etc
Energy Conservation Scope
Assessment Technical Solution Implementation

Energy Efficiency Technical Challenges Alternative Solution

Equipment Unoimized Design Clean/RE based Power Solution

Reliability Remaining
Enhancement Lifetime Reliability
Assessment Power Aging Infrastructure Reliable Power Design Enhanceme
System nt Program
Assets Reliability
Inefficient Operation System Efficient Power Design
Assessment

Energy Audit
System Responsiveness Issues Equipment Upgrade
Power
Generation
Other
Equipment Replacement
Energy
assessment Protection Fault
Efficiency
Transmission& Program
Distribution Stability Issues Automation/SCADA

Frequency Restoration Stability Technology e.g. DRUPS

Substation

etc etc

Other Utilities

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Nature Based Solution | Indonesia has the 2nd largest global low cost NBS potential
which will significantly contribute to achievement of 1,5oC pathway
% Share of NBS potential

#1
of world fauna species
>120
Mn Ha of forest area
Finland
Russia

#2 >900
1% 3%
1% Canada
Sweden 1%

largest mangrove cover with Forest concessions

4mn Ha
3% United States

China 2%

2% Mexico
1% Cuba
Nigeria
Central African
Republic
India 2%

Myanmar
1% 1% Laos
17% ~15%
2%
Venezuela Guinea
1% 1%
(Burma) 1%
1%
1%
1% Philippines
largest tropical rainforest Contribute to supply of
Guyana
Colombia 3%
1%
1%
1%
Thailand
Vietnam
and peatland cover global NBS potential
1% Suriname Cameroon Democratic Republic of the 3%
Republic of the
2% 5% Congo
Cambodia
15%
Congo Malaysia 3% Papua New Guinea

Indonesia
~300 3X
15% Brazil Zambia
Peru 4% 1%
Angola 1%
3%
1% 1% Madagascar
Bolivia Australia
1%
Mozambique

Argentina 1%
Bn tons CO2 carbon Growth rate compared to
While the bulk of low-cost1 supply is stored in Indonesian land, trees planted in non-
in the Global South, this does not up to 40x annual GHG tropical area, will increase
devalue action in the Global North
emission from fossil fuels effectivity of CO2 storage.

Represented on the map: 25

Lower-cost1 potential (high- medium feasibility NBS) Countries with a share of NBS potential that is 1% or greater
 Nature Based Solution | Carbon Sink Potential – Leveraging Pertamina’s
Upstream Capabilities and Indonesia’s Forest Potentials
3 1
Sukowati, East Forest and other forests potential in Indonesia
Asri Basin 9 Concessions
Java in collaboration with
Primary land forest Mangrove

Secondary land forest Peatlands

800 CO2 avoidance

# of concessions
potential, MTPA

Indonesia,
~140 >500
@2030
1500
Pertamina ~4-7 9-12
2000
4 (5% of Indonesia potential)

Central Sumatera
Basin
550

800
200

100
xx CO2 sequestration potential per year, MTPA

Industrial cluster xxx Storage capacity by 20354, MT

CCS potential, MTPA # of facilities 2 5 Lahendong Unit 5 & 6

165 – 215 ~130 Gundih, Central VCS Project ID #1778
In clusters RU V Balikpapan
~45% of total ~20% of total Java

Total 275 – 480 ~650

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Carbon Business | Types of Carbon Credit Projects
Technology solutions Natural Climate Solutions (NCS)

Renewable Energy Energy Efficiency Tech-based Removals Forestry Blue Carbon

Biomass, geothermal, hydro, solar, Waste heat recovery, process Direct Air Carbon Capture and Afforestation, reforestation, improved Restoration or avoiding conversion
wind efficiencies, insulation of buildings Storage, Bio Energy Carbon forest management (IFM), of mangroves, wetlands, seagrass
Capture and Storage conservation (REDD+)

Waste Disposal Household Devices Transport Other Land Use Agriculture / Soil Carbon
Waste management, wastewater, Clean cookstoves, water purification Electrification, lower fuel use Grassland management, restoring or Rice methane, improved fertilizer
biogas devices (e.g., biofuels) avoiding conversion of peatlands management, no- and low-till
agriculture, cover crops

• Carbon Credit or Carbon Offset are mechanism which an individual or an organization can compensate their CO2 emission through certified
emission reduction projects that absorb or reduce CO2 emissions

• Each Carbon Credit corresponds 1 tCO2e that was not emitted into the atmosphere.

Conducted by PNRE 27
 Carbon Business | PNRE has established a strong end-to-end Carbon Business
Capabilities, with Aim to Support Domestic and Global Carbon Offsetting Demand
Project Development & Credit Sourcing Trading & Sales
Sources Aggregator Potential off-takers

PNRE’s NBS projects NON EXHAUSTIVE - PRELIMINARY

End-users
Financing
NBS Co.
Carbon Trading Co.
Repayment
Carbon Project
And others…
Credits Costs

• Compensation Fee
• Project Set up Costs
• Opex
And others…

Other internal sources*

Traders*

And others…
Other developers

And others..

Platforms*
Platforms*

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RENEWABLE ENERGY

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Renewable Energy | Maximizing Indonesia’s Potential of Renewable Resources
and Ensuring Energy Security
PV Power Output (kWh/ m2) Wind-Potential (xx m/s)
PNRE Presence
Large Scale Hydro potential Geothermal (Exploration)
No potential No potential
Geothermal (Producing) Geothermal (Construction) Geothermal
2-3 3-5 >5 On-shore Off-shore

Solar

Sei Mangkei 4.4MW Ulubelu 220 MW Lahendong 120.5 MW

Biomass/biogas
Badak 4 MW

13
14
15 16
12
1
17 24
2 18 Rokan 26 MW
23
3
Sarulla 330 MW

4
5
6 Wayang Windu 227 MW

20
Lumut Balai 2x 55MW 8
19 7
9 10
11 22
21
Gunung Salak 377 MW

Darajat 271 MW

Kamojang 235 MW

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Renewable Energy | PNRE aims to be one of the biggest Renewables Player in
Indonesia
Existing Projects and Long Term Target

Geothermal Solar PV Biogass/Biomass Under Development Projects

Wind
55 MW
(target by 2030)

To be explore

0.7 GW 1.2 GW 45+ MWp 350+ 4,4 MW 3 Tidal

Existing capacity Existing Capacity of Installed Capacity Location Installed Capacity Power Plant
of Own operation Joint operation (end of 22) (end of 22)
(6 WK) (4 WK)
Nuclear
~1.8 GW ~1.2 GW ~117 MW
Target own operation by 2030 Target own operation by 2030 Target by 2030

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Solar Power | Maximizing Indonesia’s Potential of Renewable Resources and
Ensuring Energy Secutiry
1| Installed in Internal Pertamina 37.5 MWp 2 | Installed in Ext Pertamina 5 MWp 3 | Installed in Pertamina Gas Station 1.7 MWp

Rokan Badak RU IV Cilacap RU II Dumai

26 MWp 4 MWp 1.3 MWp 2 MWp
UGM 0.3 MWp
SPBU COCO Bali SPBU DODO Bali** SPBU Tangerang
Sei Mangkei 2MWp

Logistik PIS MOR III Kamojang TBBM Pengapon

0.12 MWp 0.4 MWp 0.02 MWp 0.05 MWp
AP II Kualanamu
0.7 MWp
SPBU Cikarang SPBU Tendean SPBU Cipularang

TBBM Surabaya TLPG Balongan Grha Pertamina Tj. Sekong Telkom Data Center (TDC)
0.05 MWp 0.12 MWp 0.04 MWp 0.085 MWp Office 0.105 MWp
AP II Banyuwangi
0.035 MWp
332
Gas Stations
(SPBU)
PL Cilacap MOR V TBBM Tuban PL Gresik Solar PV Mitratel Solar PV Gambir
0.27 MWp 0.04 MWp 0.24 MWp 0.48 MWp 0.006 MWp 0.04 MWp
AP II Soekarno Hatta
1.5 MWp

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Solar Power | Pertamina NRE as Solutions for Solar PV Development
PNRE offers solar energy solution for commercial and industrial with advantages of:

Financing Portfolio Network Resources Quality

• Competitive Financing • PNRE has advantage to • Access to industry • High HSSE standards
from strong
24.5 GWp leverage network from experts, and; adoed from decades of
engagement with Installed capacity Pertamina Group operation in the
• Experienced PNRE
financial institutions (including Masdar & industry;
• Strategic partnerships personnel across
Sembcorp)
• Strong financial with large global division (e.g., • Provide best-in-class
capabilities backed up 50+ 350+ players in NRE (Masdar, Commercial, Technical,
Legal, Finance, etc.)
quality while
maintaining
by Pertamina Group for Separated Completed Sembcorp, Tepco, etc.)
project development. competitive timeline
cities projects

33
Ongoing Projects | Strengthening presence with focus of Large Scale Development

Operating Oil Field Industrial Company Industrial Estate

3 200 MWp 4 100 MWp 50 20 MWp

Locations Estimated Capacity Locations Estimated Capacity Locations Estimated Capacity

220 Mt 110 Mt 22 Mt
CO2 Reduction CO2 Reduction CO2 Reduction

Our Partners..

Offtaker Development Partner Offtaker Potential Partner Offtaker Potential Partner

Industrial Industrial
Company Estate

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FUTURE BUSINESSES

35
 EV & Battery Ecosystem | PNRE Net-Zero Initiative
PNRE, along with IBC and C&T, have executed multiple projects and strategic partnerships across the entire EV Value Chain Hence opening several key
opportunities for future development
Battery E2W OEM E2W infrastructure Value added services

Raw Battery Battery 2nd E2W E2W Installation, Software

Electric Vehicle Infra dev. & Battery
materials & productio use / productio value add maintenance platform,
value chain production & operation rental
mining n & sales recycling n & sales services digital VAS
Large-scale
infrastructure
Project deployment
Owner(s)

Collaborator
(s)

EV
Feb 2022 Aug 2022 2023 Proprietary
Ecosystem
projects in 1 2 3 technology
operation Jakarta Commercial Pilot Bali Commercial Pilot development
E2W Manufacturing.
500 units 14 units 120 units 6 units
2W Battery Pack
E2W BSS E2W BSS
Mfg.

Policy
formulation
& advocacy

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Battery & Ecosystem | Through IBC, Pertamina NRE, MIND ID, Antam & PLN are
Developing an End-to-End EV Battery Value Chain

Future Battery EV
Ecosystem in Indonesia
2030
2026
4W Cell to Pack Proprietary Battery Local cell
Ni HPAL
Manufacture EV Technology manufacture
Local precursor Local cathode
mfg. manufacture
2025

2024
4W Pack + LCV Ni RKEF

2W Cell to Pack ESS OEM and

mfg. manufacture
Battery Recycling ESS Integrator
& 2nd Life
2W battery swap
2W EV manufacture 2W battery swap 4W Battery cell &
infrastructure 2022 -2023
expansion pack
2W Battery cell to pack development (10MWh)

The end-to-end EV Battery value chain develop with aims to reduce CO2 emissions
by 9 Mtpa1 and fuel imports by 29.4 mio barrels/year

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Clean Hydrogen | Pertamina NRE Aims to be a Leading Hydrogen Exporter and
Champion of Indonesia Hydrogen Economy
2031 - 2040+
2027 - 2030
PNRE Leading H2 exporter and
aspiration 2022 - 2026 champion of Indonesia H2
International market priority
economy
and cultivate domestic
First mover in Southeast Asia
demand

Scale, H2e 50-200 ktpa 500-1,000 ktpa >2,000 ktpa

 Launch pilot H2 and NH3 projects  Scale up export volume for both H2 and  Develop at-scale production
Focus NH3
for export  Build Indonesia H2 economy
 Establish partnerships  Cultivate domestic market

Main
use-cases
Power (co-firing) Transportation Chemicals, steel & refining Marine

38
 Clean Hydrogen | Alternative for Fossil-Based Energy Carrier and Addressing
Emissions in Hard to Abate Industries
Demand centers Priority locations Other supply locations

1 Batam Bintan Clean H2 Cluster 4

North Sulawesi Green NH3 cluster
Export
H2 Floating solar Power
Export
NH3 Geothermal Power
10%
Strategic partner:
Source
NH3 Solar
Source Global addressable
Target Strategic partner: Target market by 2040
Market Market
5
12
2
1.8 Mtpa
Mainland Sumatera Clean H2 Cluster 6
Export 1 4
H2 Geothermal Power
10
11 16 H2 eq capacity by 2040
Source
Strategic partner:
15
Target 2 14
Market 3 7
8 9

$25~30B
17

13

3
Cilegon Clean H2 cluster
Capital investment
Domestic
5
Sumatera-Java Blue NH3
H2 SMR & CCS Domestic
Power NH3 SMR & CCS Power
Wind & Solar
$4~5B
H2 Source Source
Strategic partner: Strategic partner:
Target Target
Market Market Annual Revenue by 2040

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 Biofuel | Pertamina Develops Biofuel Products to Support Beyond B30
Implementation in Indonesia and Potential Export Demand
1 3
HVO Production Grass Root Refinery
Dumai Refinery Plaju (plan)
B35-B40
Capacity Feedstock Capacity Feedstock Beyond B30 target
1.0 kbpd RBDPO Bioavtur 20 kbpd CPO/UCO
(Sustainable Aviation Fuel)

200 kbpd
2060 HVO and HEFA cap.

2
HVO Production Pertamina Renewable
Cilacap Refinery
Diesel $5~10B
Capacity Feedstock Capital investment
0.8 kbpd RBDPO needed
Certii-
cation
Revamping Phase 1
Target
Other potential products
Capacity Feedstock
Market FAME DPME
3.0 kbpd RBDPO
max blending 30% high grade FAME

Revamping Phase 2
Key milestones: HVO
BIO JET FUEL
(2025 plan) • Sept 2021: Bioavtur J2.4 test flight Pertamina RD
Capacity Feedstock • June 2022: trial Renewable Diesel for electricity generator at Jakarta
BIO NAPHTA BIO LPG
6.0 kbpd UCO/CPO e-Prix
• Oct 2022: Renewable Diesel first shipment of HVO to Singapore

40