Pt Chandra Asri Pacific TbkIDX: TPIA

Earnings Updates - Q1 2026

· Issued by 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

121300977%%%

Total Assets Total assets increased by

expansion post-acquisition.

, reflecting balance sheet

Retained Earnings

Retained earnings surged by

171707171%%

1585818%%

profitability and acquisition synergies.

, driven by strong

Shareholders'

Equity

Total equity rose by

future growth.

, reinforcing capital structure for

4411%%

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 28th to April 1st

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



11

World Scale CA-EDC Plant

22

Infrastructure under CDIA

33

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.

44

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.

55 Sustainability Value Chains

CAP is committed to sustainability by scaling circular and low-carbon solutions across communities, operations, and the energy value chain.



11.

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%



22.. 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 m3/day

Ports & Storage

  • IPO Proceeds Utilisation: tank

    farm & ethylene pipeline are

    ~60% completed

  • 12,000 m3 bitumen tank farm, COD in 2026

  • Commencement of Aster Ports & Terminals inaugural storage contract with 3rd 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 radius1



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







44.

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



55..

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 KBD1

Product capacity: 8.5 MTPA2

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 Complex3

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 KPE4) 2,800 litres per second river water

12.2 MWp solar in Indonesia source

16 MWp solar in Singapore 5.4 million m3 reservoir

Target COD end 2026 10 special water treatment facilities

Port & Storage Logistics

~5 million m3 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



Rejuvenate the

Core

Accelerate M&A

and Integration

Reimagine

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

Orient 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

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