Slide 1: Management Presentation Full Year 2025 Financial Results
MANAGEMENT PRESENTATION Full Year 2025 Financial Results 1
Slide 2: Malindo at a Glance
MALINDO AT A GLANCE 2 2
Slide 3: What We Do, Who We Are, Why We Do It
What We Do? We provide the best quality protein to people by producing variety of quality poultry products and processed food Who We Are? Why We Do It? A modern food company Poultry is a great source of protein originated from a fully integrated consumed by most of the populations. poultry producer
Slide 4: Proven track records, always with progress, since 1997
Proven track records, always with progress, since 1997 1997 2000 2003 2006 2007 2008 Established Established Expanded to East Java by acquiring Publicly listed Established entity in in Indonesia Stock Broiler Chicken ▪▪Issued Bonds Built Banten feedmill PT Malindo PT Bibit ▪Acquired Chicken Farm Fee
Slide 5: Proven track records, always with progress (Cont'd)
Proven track records, always with progress, since 1997 (Cont’d) 2022 2023 2024 Commenced operations of its ▪ Obtained export license ▪toTheSingapore company continues to export quality products ▪ slaughterhouse in July 2022 from Singapore Food and Japan ▪Solar panel in food processing plant in Cikar
Slide 6: Operates across Indonesia, caters nationwide market needs
Operates across Indonesia, caters nationwide market needs 6
Slide 7: Comprises of 4 solid and stable business segments
Comprises of 4 (four) solid and stable business segments 46% 13% 38% 3% Animal Feed Chicken Breeding Broiler Chicken Processed Food ❖ Core Line of Business ❖ Produces & markets broiler ❖ Produces & markets chicken ❖ Produces & markets various ❖ 5 feed mills across & commercial layer chicken broilers
Slide 8: Project - Lampung Feedmill Plant
PROJECT - LAMPUNG FEEDMILL PLANT Lampung Feedmill plant with capacity 300,000 MT/year is targeted for completion in Q2 2026 and expected to commence operations in Q3 2026. 8
Slide 9: Malindo's Commitment to Clean Energy and Sustainability
Malindo’s Commitment to Clean Energy and Sustainability PT Malindo Feedmill Tbk demonstrates a strong commitment to environmental sustainability by implementing solar power systems (PLTS) across its operational units. This initiative is part of the Company’s ongoing efforts to support the transition
Slide 10: Vision, Mission & Values truly represent Corporate Identity
Vision, Mission & Values truly represent Corporate Identity VISION MISSION To be the leading poultry To optimize our potential to company in its chosen market enhance the value for our segment shareholders and other stakeholders GOOD INTEGRITY TEAMWORK CORPORATE VALUES CUSTOMER COMMITMENT SATISFACTI
Slide 11: Experienced management team with global standards
Experienced management team with global standards Koh Bock Swi Lau Chia Nguang Tan Lai Kai Yongkie Handaya Brian M. O’Connor (Raymond Koh) President Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner Year of Poultry Year of Poultry Year of Manufactur
Slide 12: Experienced management team with global standards
Experienced management team with global standards Tan Sri Lau Dato’ Seri Abdul Tuang Nguang Lau Joo Kiang Rewin Hanrahan Lau Joo Hwa Lau Joo Keat Rudy Hartono Husin Azim Bin Mohd Zabidi President Director Director Director Director Director Director Director Year of Poultry Year of Poultry Year of P
Slide 13: MAIN shares profile as a publicly listed company
MAIN shares profile as a publicly listed company Shares Information MAIN Subsidiaries Dragon ▪1997: Established in Jakarta Public, Amity ▪2006: Publicly listed in IDX PTE. Ltd * Bibit Indonesia - 99.89% 42.7% Parent stock DOC Chicken Farm 57.3% Leong Ayamsatu Primadona - 99.98% DOC and broiler chick
Slide 14: MAIN's progressive financial growth over the past years
MAIN’s progressive financial growth over the past years Well managed Sales & Gross Profit (in IDR billion) business with 14,000 12,503 12,693 prudent financial 12,000 12,058 management 11,102 10,000 Our vertically integrated business 8,000 model has a strong value creation to our 6,000 top line and
Slide 15: Why We Enter into The Business
Why We Enter into The Business 15
Slide 16: Key Economic Headwinds in Indonesia (2025)
Key Economic Headwinds in Indonesia (2025) ✔ Fitch Ratings downgraded Indonesia’s 2025 growth forecast to 4.9%, down from 5%, ✔ Shrinking Middle Class & Weak Consumption A 20% decline in the size of highlighting mounting global trade tensions, Indonesia’s middle class over six years has waning consu
Slide 17: Poultry Meat Consumption: Growing in Tandem with GDP
Poultry Meat Consumption: Growing in Tandem with GDP Poultry Meat Consumption per capita 31.1 kg Indonesia’s poultry consumption per capita has in Asia (in 2024) steadily increased over the past decade, closely tracking the country’s GDP per capita growth. This correlation reflects poultry’s afforda
Slide 18: Key Investment Drivers in Asian Poultry Markets (2024–2030)
Key Investment Drivers in Asian Poultry Markets (2024–2030) ✔ 1. Fastest-Growing Poultry Markets Globally South & Southeast Asia projected to grow 30% by 2030, or 4–5% annually, recovering from the pandemic ✔ slowdown. India, Indonesia, and Pakistan will contribute 60% of ✔ this growth. Poultry dema
Slide 19: Strong Growth in Value-Added Markets
Strong Growth in Value-Added Markets 1. Rising income levels across South and Southeast Asia are shifting consumer behavior: ✔ From traditional wet markets to modern retail, foodservice, and online delivery. ✔ From basic poultry cuts to value-added, processed, and branded products. ✔ Countries like
Slide 20: What data reveals about Indonesia
What data reveals about Indonesia: Normalized household consumption post-election, modestly widening current account deficit, continued infrastructure spending to support rural development USD/IDR Exchange Rate (2025 Q4) 16,752 With prudent monetary policy, Indonesian Rupiah’s exchange rate against
Slide 21: What research reveals about Poultry in Indonesia
What research reveals about Poultry in Indonesia: Most preferred source of protein and most available & affordable ones Significance Availability Affordability Prospects Poultry is a major source of Most of region in Meat other than Poultry, Indonesia is expected to play animal protein for almost In
Slide 22: Poultry on downstream side: Positive prospects
Poultry on downstream side: Positive prospects with rising markets along the years Source: Indonesia Frozen Food Market Size and Forecast by Type; https://www.hexaresearch.com 0 New target market: 68 million youths in Those conditions create demand for easy Indonesia (10-24 years) seek for ready-to-
Slide 23: How we see our markets
How we see our markets … In d o F ia s e P r u t c C p S y h Indonesia Feed Production Capacity Share Indonesia DOC Production Capacity Share (2025) (2025) OTHERS OTHERS 21% 21% DE HEUS CP DE HEUS CP 4% 35% 3% 35% MALINDO MALINDO 6% 8% NEW HOPE NEW HOPE 10% 7% JAPFA 22% JAPFA 28% We are among the to
Slide 24: Why are we in poultry business?
Why are we in poultry business? INDONESIA IS A LAND OF OPPORTUNITIES Attractive market due to its potential in consumptions, huge markets for poultry, 01 good for business, even after pandemic INDONESIA’S POULTRY WILL HAVE A GROWING ROLE Poultry is a major source of animal protein for almost 90% of
Slide 25: Our Business Model Delivering Strategy into Actions
Our Business Model Delivering Strategy into Actions 25
Slide 26: We drive our business through a vertically integrated business model
We drive our business through a vertically integrated business model UPSTREAM Core business in the Company’s value chain Animal Feed Production - Top revenue contributors Animal Feed Production - Top 3 players in animal feed industry share - Large scale feedmills with progressive capacity - Best fee
Slide 27: Our Business Strategy compels best in executions
Our Business Strategy compels best in executions Business Value Creation Good Cost Management High Quality Products Best-in-Class Process • Well Managed Product Cost • Good Cost of Quality • Best Poultry Feed • Process Excellence Well Managed • Well Maintained Indirect Cost • Best Farm Practice • Hi
Slide 28: Our business processes adhere to best practice models
Our business processes adhere to best practice models Animal Feed Business Process Breeding Farm Business Process High High Quality Quality Processed Fried Food Chicken 28
Slide 29: Operating Performance
Operating Performance Effective Strategy with Efficient & Prudent Execution 29
Slide 30: Revenue Contribution
Safeguard profitability through disciplined cost management and operational efficiency Ensure stable margins by tightening cost control and optimizing capital efficiency (IDR billion) Profit & Loss Dec 2025 Dec 2024 Change 12M2025 vs. 2024 Maintain top line and bottom line with Profit and Loss Net S
Slide 31: Profitability Performance
Profitability Performance - Profit & Loss Statements Q-o-Q Comparative Figures - Revenues Net Profit 300.0 4,000 258.0 250.0 3,448 200.0 3,140 IDR Billion 3,058 IDR Billion 3,000 150.0 129.0 108.7 100.0 50.0 2,000 - 3Q25 4Q25 4Q24 3Q25 4Q25 4Q24 EBITDA EBIT 450 400 412 349 400 350 350 300 300 286 25
Slide 32: FY2025 Financial Positions
FY2025 Financial Positions - Y-o-Y Comparative Figures - Total Assets Net Gearing Ratio Total Assets 0.35 0.32 x 6,000 5,705 0.30 5,380 0.26 5,000 0.25 4,000 0.20 IDR Billion 3,000 0.15 2,000 0.10 1,000 0.05 - Dec 24 Dec 25 - Dec 24 Dec 25 Capex Net Interest-Bearing Debt 370 Net Interest Bearing Deb
Slide 33: Sunny Chick - New Evolution Completing the Poultry Value Chain
Sunny Chick - New Evolution Completing the Poultry Value Chain 33
Slide 34: There is no love sincerer than the love of food
There is no love sincerer than the love of food Sunny’Chick is committed in bringing the highest quality food to its customers at affordable prices 34
Slide 35: Partnership with third-party e-commerce apps
Partnership with third-party e-commerce apps The company is in close collaboration with Grab Food, one of the largest ride-hailing app providers in Indonesia, Shopee Food and Go Food to further extending its customer reach Qpon Shopee Food Tiktok Grab Food Go Food 35
Slide 36: Continue to generate value by product innovation (cont'd)
Continue to generate value by product innovation (cont’d) Keep innovating and develop new products as a way to differentiate our products from competitors, will lead to increased market share, revenue and customer satisfaction. NEW PRODUCT, START Q3 2025 AYAM JUMBO, CHICKEN STEAK & BEBEK GORENG NEW
Slide 37: Continue to generate value by product innovation (cont'd)
Continue to generate value by product innovation (cont’d) Keep innovating and develop new products as a way to differentiate our products from competitors, will lead to increased market share, revenue and customer satisfaction. FOOD TRUCK – CIA FEST, GATHERING DAIHATSU, UI, TMII, PLAZA DUFAN, BPOM,
Slide 38: Partnership with third party ride-hailing app – continued
Partnership with third party ride-hailing app – continued Its downstream processed food division also works closely with Grab, Shopee, Gomart and Blibli to promote its SunnyGold products to greater public. Shopee GoMart Blibli GrabMart 38
Slide 39: Export of Food Products to Singapore in Oct 2025
Export of Food Products to Singapore in Oct 2025 39
Slide 40: Export of Food Products to Japan in November & December 2025
Export of Food Products to Japan in November & December 2025 40
Slide 41: First-ever export of food product to the Qatar in Jan'26
First-ever export of food product to the Qatar in Jan’26 41
Slide 42: Our commitment towards digitalization
Our commitment towards digitalization Malindo is committed to provide its stakeholders with latest update on the company activities through its official Instagram account where they could obtain information on various activities the company is engaged in. To visit the site you could look up for @mal
Slide 43: Thank you
PT Malindo Feedmill Tbk www.malindofeedmill.com Jl. RS Fatmawati No. 15 Komplek Golden Plaza Blok G No. 17 – 22 Jakarta Selatan, 12420 Sunny Gold Thank you Phone: +62-21 766 1727 @sunnygoldid Fax: +62-21 766 1728 mail: ir@malindofeedmill.co.id @sunnygoldid 43