PT Perusahaan Gas Negara Tbk : 2025 Corporate Guidance

About this update from Pt Perusahaan Gas Negara (persero) Tbk Class B

2025 Corporate Guidance "Accelerating Progress" PT Perusahaan Gas Negara Tbk Jakarta, 23 January 2025 Subholding Gas Strategic House Vision Mission Ambition To be a provider of a greener and more sustainable world Providing a solution from natural gas-based energy which gives added value to customers and accelerating energy transition in Indonesia Connecting Indonesia to a Cleaner and Sustainable Energy Future Corporate Strategic "G-A-S" G row and maintain existing business T&D and Regas infrastructure City gas network Upstream Development & Oil/BBM Infrastructure Support A dapt business, pursue adjacent opportunities LNG Bunkering & Trading Domestic Upstream LNG Infrastructure Total solutions Energy Services S tep-out and scale to new businesses Gas to chemicals Biomethane H2/NH3 CO2 transport 3 Strategic Direction HSSE, Risk Management & Sustainability Customer Focus & Revenue Driver Elevating our commitment to HSSE excellence . Addressing risk management framework & business continuity plan Continually reducing carbon emission and maintaining ESG rating score at the Medium Risk level or Level C Fulfil demand by optimizing piped gas and LNG into the supply portfolio Operational Excellence New Business & Portfolio Optimization Investment Strategy & Prioritizing Accelerate Transmission and Distribution infrastructure connectivity and availability to enhance gas utilization in existing and new market Strengthening performance by optimizing LNG terminal and gas infrastructure Business diversification (crude and fuel oil pipeline transport, Global LNG trading, d evelopment of clean & renewable energy business/biomethane) Continued focus on market expansion and gas infrastructure development in key region (Java, Sumatra, Kalimantan, and Eastern Indonesia). Optimizing upstream assets to maintain production and reserve. 4 Corporate Target Operating Metrics Gas Trading Gas Transmission Regasification Oil and Gas Lifting Oil Transportation LPG Processing (BBTUD) (MMSCFD) (BBTUD) (BOEPD) (BOEPD) (TPD) 852 873-958 1543 1435 218 168 20.424 17.227 161.174 178.347 108 100 FY24E FY25 FY24E FY25 FY24E FY25 FY24E FY25 FY24E FY25 FY24E FY25 Target Target Target Target Target Target Capex (US$ Million) HSSE & Sustainability 338 Number of Accident (NoA) 0 258 33% Emission Reduction Ton CO2eq)* 4.372 Key Assumptions *GHG Scope 1 and Scope 2 39% Key Challenges 1. Economic Growth 5,1% 67% Downstream & Others 2. Inflation Rate 3,0% 61% • Security of supply 3. Exchange Rate (Rp/US$) Rp16.000,- Upstream 4. Oil Price (ICP) US$82/barrel • Infrastructure connectivity • Regulations harmonization FY24E FY25 Target • Global Economic volatility Global crude price volatility Strategic Program & Investments 01 Customer Attachment Commercials & Industries in Java and Sumatra (Pipeline incl. additional supply from JTB); CNG and LNG Retail (Beyond Pipeline) 02 Transmission & Distribution Infrastructure Tegal-Cilacap Gas Pipeline, WNTS-Pemping Gas Pipeline, Industrial estate in Central Java (KIK Kendal) 03 City Gas Project Development and expansion of city gas network in Java & Sumatera 04 Crude & Fuel Oil Infrastructure Fuel Oil pipeline to deliver fuel oil from fuel depo in Cikampek to fuel depo in Plumpang 05 Upstream Drilling Development (WK Pangkah, WK Ketapang, WK Fasken), PSC Extension WK Muara Bakau, and Workover WK Muriah 06 LNG LNG Trading & Services Global LNG Trading, LNG Hub & Storage, LNG Bunkering for marine fuel. . 07 Unlocking Demand through Beyond Pipeline 08 Low Carbon Business (CNG, LNG) Beyond pipeline business for smelter (study), Biomethane and Gas Derivatives Development . power plant (study) Risk Management & Sustainability Risk Management Policy Three Line of Defense Risk Appetite Risk Management Contingency Plan Risk Capacity, Tolerance, and Limit Management Information System Risk Measurement Risk Management Strategy 02 03 RISK APPETITE RISK TOLERANCE Sustainablity Vision Susitainability Focus To be the prominent and reliable National Gas Company with international standard in natural gas availability and utilization as well as being recognized as an environmentally-friendly, responsible-socially and good corporate governance-company. Corporate ESG Risk Rating 2024 20.2 ESG RISK RATING HISTORY 01 04 Negligible Low Medium High Severe 0-10 10-20 20-30 30-40 >40 29,6 28,5 28,1 28,1 24,7 RISK LIMIT RISK CAPACITY Risk Strategy is an implementation of a comprehensive risk management and covering the policy, plan, execution, monitoring, evaluation and reporting Goals Enhancing transparency and accountability Optimizing sustainable growth Supporting an integrated risk management Improving performance and self sufficiency Ranking Industry Group (1st = lowest risk) Gas Utilities 9 out of 86 Utilities 210 out of 678 Universe 8096 out of 16179 Global Universe 20,2 2019 2020 2021 2022 2023 2024 Full Update Report 13 Des 2024 Terima Kasih | Thank You Kantor Pusat | Headquarter Jl. K.H. Zainul Arifin No. 20, Jakarta, Indonesia Hubungan Investor | Investor Relations PT Perusahaan Gas Negara Tbk Gedung A 4 th Floor Jl. KH Zainul Arifin No. 20, Jakarta, Indonesia Email: [email protected] URL: https://ir.pgn.co.id/ Phone: +62 21-39735233 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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