Achieving Positive Performance in 2022, INALUM Focuses on Speeding Up Product Downstreaming

Jakarta, 16 June 2023 – PT Indonesia Asahan Aluminum (INALUM) recorded the performance
optimization throughout 2022 positively increase revenue throughout 2022 and
the company produces sustainable company growth in the rate
time 2020-2022. It was delivered in the INALUM GMS on June 16, 2023 at
BUMN Events.

Main regulation of INALUM Danny Praditya mentions that the positive performance
is the result of hard work of the whole family of INALUM as well as the effect of the price
commodity in the very competitive market. He hoped this positive performance can help
INALUM in the acceleration of production up to double capacity so that it can be faster
to give maximum contribution to Indonesia and

“We are grateful to be agile against the pandemi and this positive performance is the proof of performance
and our hard work all. If we are grateful for commodity prices in the market is always competitive
which can ultimately provide us with good profit. We currently focus
accumulation of aluminum downstreamization and increased production amount up to double capacity.
We are also grateful and please support to all stakeholders of things
but can be achieved immediately and provide sustainable benefits,” said Danny.

In length of 2022, INALUM recorded net income of 57% (yoy).
This positive growth is supported by increasing commodity prices. This performance is appropriate
with a sustainable growth plan of the company characterized by
Compounded annual growth rate (CAGR) 2020-2022 with revenue
38%, net profit 252%, EBITDA 81%, asset growth 13%, and growth
equality 23%.

INALUM also in KPI and the Health Level of the Company has successfully scored 100,86
for the achievement of KPI and 95% score for the achievement of the Health Level of the Company
with Healthy predicates (AA). Energy transition as well as geopolitical conditions and selection of COVID-19 post-economy at the global level become a challenge for the industry
mination to grow sustainably. To answer the challenge,
the company adopts digital technology to transmit operation and update
management system.

RUPS INALUM on 16 June 2023 also raised Melati Sarnita as Director
The Business Administration of INALUM. Previously he served several strategic positions at
BUMN companies such as PT Krakatau Steel (Persero) and PT Negara Gas Company
( Company

Leave 2023, currently INALUM focus on operational development in the ecosystem
national aluminium downstream is good in terms of the scope of the aluminum supply chain
green energy development or green energy. INALUM is committed to being
market leaders in the commodity sector of aluminum and increase market share.
Anygus may have an advanced corporate action in terms of capital increase and
business fund.

Some corporate action is carried out in order to increase the production capacity as
response the high potential of the current national aluminum market has the demand
up to 1 million tons. The projects include, Tungku Technology Upgrading Project
The reduction that will be completed in 2023, the Optimization of Smelter Kuala Tanjung which
targeted will increase the production capacity in 2024-2025, Development
Smelter Grade Alumina Refinery in Mempawah, and the Remelt
IAA diversification Project.