PT Chandra Asri Pacific Tbk : Earnings Updates - Q1 2026

About this update from Pt Chandra Asri Pacific Tbk

Exceptional Transformation, Delivered at Scale Chandra Asri - Your Growth Partner Q1 2026 Earnings Call, 04 May 2026 Overview Q1 2026 Earnings Call Agenda Today's Speakers Topic Welcome Sarah Soraya (Investor Relations) Performance Highlights & Strategic Milestones Andre Khor (Group CFO) Alexandra Sukanegara (Investor Relations) Philippe Pangestu (Investor Relations) Path to Future Growth Andre Khor (Group CFO) Q&A Closing Andre Khor Group CFO Philippe Pangestu Investor Relations Alexandra Sukanegara Investor Relations Sarah Soraya Investor Relations 3 Delivered Record USD 421 million EBITDA and USD 205 million Earnings with Solid Execution of Transformation ACE Successfully acquired Shell Energy & Chemicals Park (now Aster Chemicals & Energy (ACE)) in April 2025 CDI Vessels CDI strengthens maritime logistics by launching Novah and Boreas - 9,000 DWT chemical vessel each APS Successfully acquired Chevron Phillips (now Aster Polymer Solutions (APS)) in May 2025 B1-MTBE Chandra Asri Group increased its B1-MTBE plant capacity by 25%, completed in March 2026 Esso Chandra Asri Group acquired ExxonMobil's Esso Retail Fuel Station Network in Singapore in January 2026 Solar Power CDI through KCE added 4.7 MWp of capacity to a 11 MWp Solar Power Plant in Cilegon. Aster Power awards 16 MWp contract to Sembcorp in Singapore CSU Strategically acquired Condensate Splitter Unit (CSU) from PCS Pte Ltd in June 2025 CA-EDC Plant Chlor Alkali-Ethylene Dichloride plant development, a National Strategic Project, is on-track to operate in 2027 SLL Aster secured an oversubscribed USD 1 billion sustainability-linked syndicated term loan facility in September 2025 SAF Platform Aster and Aether Fuels partner on Singapore's first next-gen sustainable aviation fuel (SAF) in November 2025 Uplifting & Smoothening the Value Curve with a Solid Cash Generating Platform Q1 2026 -23.6 Q1 2025 205.1 Net Profit (Loss) after Tax Numbers in USD million +954.2% 0.06 Q1 2025 Q1 2026 3% 0.59 37% 0.89 0.62 60% 1.45 Segment contribution 2.4 287.1% Numbers in USD billion Infrastructure Chemicals Energy Net Revenue EBITDA Numbers in USD million +1,813.6% 421.2 21.7 Q1 2025 Q1 2026 Record Operating Profits with Energy Expansion and Broadened Portfolios 0.03 Disciplined Capital Structure with Exceptionally Strong Balance Sheet Numbers in USD billion Reinforcing Long-Term Value 2.7 3.1 0.7 6.1 3.8 4.9 1.9 12.6 From (Q1 2025) To (Q1 2026) Description 1 2 1 3 0 0 9 7 7 % % % Total Assets Total assets increased by expansion post-acquisition. , reflecting balance sheet Retained Earnings Retained earnings surged by 1 7 1 7 0 7 1 7 1 % % 1 5 8 5 8 1 8 % % profitability and acquisition synergies. , driven by strong Shareholders' Equity Total equity rose by future growth. , reinforcing capital structure for 4 4 1 1 % % Liquidity pool increased by to maintain robust Liquidity Pool financial resilience through ongoing transformational programmatic M&A. Includes cash and financial assets. Geopolitical Disruption Drove a Spike in Energy Prices Price increases from February 28 th to April 1 st Brent, USD/bbl +48% Gasoline, USD/bbl +70% Diesel, USD/bbl +167% Naphtha, USD/bbl +105% Jet Fuel, USD/bbl +133% Bitumen, USD/bbl +15% Delivering Strong Performance through Execution Excellence Earnings acceleration supported by integration, partnership leverage, capital discipline, and operational flexibility Transformational M&A Seamless integration across: ACE (ex-Shell) APS (ex-Chevron Phillips) CSU Esso retail fuel stations CAP x Glencore Partnership Extended collaborations: Diversified global sourcing Integrated trading & logistics platform Market insight & trading advantage Timely Capital Strength Secured multi-source funding: USD 1 billion Prize Winning Sustainability Linked Loan ~USD 145 million CDI IPO USD 200 million Danantara & INA investment IDR Bonds Shelf Programme Agile Operations Rapid Crude characterisation capabilities Integrated Indonesia-Singapore value chain synergies Expanded crude slate Optimised product mix Flagship Projects Overview Scaling infrastructure, downstream projects, and decarbonisation to strengthen long-term earnings 1 1 World Scale CA-EDC Plant 2 2 Infrastructure under CDIA 3 3 Mobility & Retail Solutions CA-EDC strengthens Indonesia's downstream chemical value chain through large-scale import substitution and export growth. Through CDI, CAP expands its infrastructure platform across Power, Water, Ports & Storage & Logistics to support long-term growth. Aster and Cold Storage announced strategic partnership to transform Esso retail experience in Singapore. 4 4 Re-Refined Baseoil Tech Aster and Puraglobe signed an MOU to jointly explore the development of Re-Refined Base Oil (RRBO) processing facility in Singapore. 5 5 Sustainability Value Chains CAP is committed to sustainability by scaling circular and low-carbon solutions across communities, operations, and the energy value chain. 1 1 . Building Indonesia's Downstream Independence Advancing import substitution through Indonesia's largest chlor -alkali ~USD 800 million investment Before - Early Site Preparation September 2025 Progress: ~33% After - Major Structures & Infrastructure in Place April 2026 Progress: ~60% 2 2 .. Advancing Strategic Infrastructure to Support Growth Advancing Logistics Capabilities and Strategic Projects to Strengthen Long-Term Earnings Visibility Power Additional solar power capacity of 5,000 kWp Commercial Operations Date (COD) in 2026 16 MwP contract awarded by Aster Power to Sembcorp and exploration of broader strategic partnership across Southeast Asia Water Owned by 100% Chandra Tirta Karian, a CDI subsidiary Wastewater pipeline of 13.9 lps, and develop a wastewater facility to process 1,200 m 3 /day Ports & Storage IPO Proceeds Utilisation: tank farm & ethylene pipeline are ~60% completed 12,000 m 3 bitumen tank farm, COD in 2026 Commencement of Aster Ports & Terminals inaugural storage contract with 3 rd parties Logistics Launched Boreas, a 9,000 DWT chemical vessel, with COD in 2026 Fleet expansion 2026: targeting 20 vessels within the year 3 Expansion of Chandra Asri Group's Footprint in Singapore New Tengah Site Key Highlights 500m radius 1 Location: Tengah Singapore - 500m radius Prime Traffic Corridor: Along main road from PIE exit toward Tengah - primary artery for residential traffic 9 HDB Estates within 500m: ~8 min walk / 2 min drive. Short proximity to schools & places of worship Only Store in the Precinct: No petrol station or convenience store within the Tengah residential area Cold Storage Partnership, Introducing Retail Transformation Launched new Cold Storage concept stores enhancing retail offering with curated fresh and ready-to-eat solutions Advancing service stations into integrated energy and convenience hubs to capture evolving mobility demand 12 4 4 . Expanding into High-Value, Sustainable Product Streams Strategic partnership with global leader Puraglobe to produce premium base oils Strategic Rationale Expands into higher-value product segment (premium base oils) Strengthens sustainability , through circularity in UMO Strengthens downstream integration across the value chain Expands energy security beyond Middle East to broaden supply Overview Aster signs MoU with Puraglobe, a global leader in re-refining used motor oil into high-quality re-refined base oils ( RRBO ), enabling circularity in the lubricants value chain Will explore to invest in Asia's first plant leveraging proven Puraglobe's high tech HyLube & HyRes technology Converts Used Motor Oil (UMO) into premium Group II/III/III+ base oils 5 5 .. Chandra Asri Group's Commitment to Sustainability From circular economy to sustainable aviation fuel - scaling impact across the value chain Integrated Waste Processing Facility (IPST) Processes up to 300 kg of plastic waste daily 32,300 kg of waste has been converted through pyrolysis technology into 26,800 liters of "PLUSRI" oil 9,200+ residents involved since 2021 Jejak Asri A platform designed to share inspiration and take concrete action for the environment Engaged more than 3,300 participants Aether Fuels -Sustainable Aviation Fuels (SAF) First commercial-scale Sustainable Aviation Fuel (SAF) facility in Southeast Asia ~2 KTA Capacity (initial phase) COD in 2028 Location: Bukom Island Keppel - Ethanol-to-Jet (EtJ) SAF One of Asia's first commercial-scale Ethanol-to-Jet (EtJ) SAF ~100 KTA Capacity (initial phase) COD in 2030 Location: Jurong Island Chandra Asri's Transformed Portfolio: Scale, Accelerated Growth & Execution Vision: "Southeast Asia's leading energy, chemicals and infrastructure solutions company" Energy Chemicals Infrastructure Bukom Refinery Capacity: 237 KBD 1 Product capacity: 8.5 MTPA 2 Condensate Splitter Unit (CSU) Capacity: 70 KBD Product capacity: 2.5 MTPA Being Rejuvenated - COD 2026 Fuel Retailer All Esso retail fuel stations across Singapore Ethylene Cracking Complex Cracker capacity: 2 MTPA Other products: 2.5 MTPA Downstream Chemical Complex 3 Capacity: 4.7 MTPA Chlor-Alkali (CA) & Ethylene Dichloride (EDC) Plant Capacity: 0.9 MTPA Under Construction - COD 2027 Power Water ~500 MW combined cycle power 4,874 litres per second water plant portfolio (including 200 MW treatment plants owned through 45% stake in KPE 4 ) 2,800 litres per second river water 12.2 MWp solar in Indonesia source 16 MWp solar in Singapore 5.4 million m 3 reservoir Target COD end 2026 10 special water treatment facilities Port & Storage Logistics ~5 million m 3 tank storage 14 gas and chemical vessels 18 jetties in total 20 subsea pipelines with 7 pipelines 1 Single buoy mooring to external terminals >200 trucks portfolio and warehouses Shared Services Center as a core enabler of the three strategic pillars Mission: Creating value and fostering partnerships for a sustainable future 1. Kilo Barrel per Day 2: Million Tonnes per Annum 3. Plants: Mono-ethylene Glycol (MEG), Styrene Monomer & Propylene Oxide Derivatives, Olefins, Polyolefins, Styrene Monomer, Butadiene, MTBE & Butene-1 4. PT Krakatau Posco Energy 15 R ejuvenate the Core A ccelerate M&A and Integration R eimagine Business Models Time to ROAR: Chandra Asri Strategy in Focus USD 100M Cilegon Upgrade -Comprehensive maintenance and rejuvenation to extend asset life USD 125M SBM Rejuvenation -VLCC-capable, up to 2M barrels/vessel with immediate opex optimisation USD 71M Lube-Oil Complex - Extending LOC value to 2040+ USD 75M Condensate Splitter Unit - Boosting capacity to 300,000+ bpd O rient Towards Sustainability USD 800M CA-EDC Plant - 900 KTA, ~60% completed, COD 2027 to support the EV Value Chain Solar Expansion - Scaling to ~1,100+ MWp regionally USD 150M Gas Turbine - Hydrogen-ready, operational by 2029 Puraglobe Re-refining - High-quality Group II/III/III+ re-refined base oil production from used motor oil Sustainable Aviation Fuel Facilities - Two plants, up to 100KT/year capacity ID-SG Product Synergy - Expanding commercial flows between Singapore and Indonesia across a broad range of petroleum and chemical products ~60 Esso Stations - Retail store acquisition; energy & retail hubs in partnership with market leaders like Cold Storage to offer a bold and refreshing concept for consumers Programmatic M&A - Continued focus on targets in the South East Asia's energy, chemicals and infrastructure space, with adjacencies to unlock integration, efficiency, and value creation Aster Power - Scaling up to 220 MW power capacity with surplus capacity to unlock incremental revenue and enhance returns Aster Port & Terminals - 4.3M m³ storage, 311 tanks, 16 jetties, monetising existing capabilities AI and Digital Transformation -AI, S/4 HANA & smart plant rollouts at the core of a reimagined world class energy & chemicals operation Shared Service Centre -Centralising Group-wide back-office operations, ~200+ jobs Q&A Exceptional Transformation, Delivered at Scale Q1 2026 Earnings Call, 04 May 2026 Chandra Asri Attention : This is an excerpt of the original content. 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