Solar-as-a-Service Overview of Suryanesia Project Portfolio

Solar-as-a-Service
Access to clean energy at no upfront investment

Installs, operates, and

maintains solar power
system at customer site

Rooftop Solar PV

Customer pays monthly fee, Supplies clean electricity

without upfront investment for customer’s building

Supplies electricity when

solar power production is
Your Company Power Grid
insufficient

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 3
 Benefits of Solar-as-a-Service

Cost savings at no upfront investment

Suryanesia invests all upfront capital expenditure and pays for all operating expenses
during a 10−25 year contract term, and customers would only need to pay a monthly service
fee

Go green & grow earnings

In addition to reducing carbon footprint, clean energy initiatives can boost customer
marketing and optimize cost of financing

No hassle
Suryanesia manages all design, permitting, installation, operations, and maintenance
activities end-to-end for our customers

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 4
 Cost savings at no upfront investment
15−25% savings for the power generated

Monthly electricity bills, year 2024 - 2059 (indexed to 100% in year 2024)

500% Solar PV system

ILLUSTRATIVE
useful life 35+ years
Electricity bill
400% without rooftop solar
Agreement ends
in Year 25
Electricity bill
300%
with rooftop solar

200%

100% Lower electricity bill,

substituted with solar

0%
2024 2029 2034 2039 2044 2049 2054 2059

Net savings Solar-as-a-Service fee Electricity bill

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 5
 Go green and grow earnings
Sustainability initiatives such as clean energy can enhance marketing & financing

Customer marketing Financing

5.6× 96%
Products marketed as sustainable grows Southeast Asian private equity investors
5.6× faster than conventional products incorporate environmental and social
criteria into investment decisions

77% 40%
Companies reported that sustainability ASEAN banks already implement or are
initiatives have increased customer loyalty planning to implement environmental
standards for lending decisions

Source: Bain; Harvard Business Review; Sustainable Brands; FSB; UN; Capgemini; ASEAN Centre for Energy

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 6
 No hassle
Simple steps to agreement signing; Suryanesia manages all permitting & installation

Initial meeting Full offering presentation

Procurement Post-installation permits

Permitting

1 2 3 4 5 6 7 8

Site visit Agreement signing Installation System operational

Pre-agreement signing Post-agreement signing

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 No hassle
Post-installation, Suryanesia manages all operations, maintenance, and insurance

Suryanesia operates and Using the app and web platform, Suryanesia insures system
maintains the system, with the aim customer can monitor system’s real- for the full replacement value
of optimizing system output time and historical production

Scheduled cleaning and In addition, Suryanesia will The panels are covered by a 25−30
maintenance 2−4× a year to ensure immediately send technical team in year performance warranty in case
system is performing efficiently case of any urgent issues of performance issues

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 8
 Stable power
How an on-grid system works

Solar power system supplies part of the building’s electricity consumption

The electricity supply is always stable, as the building always stays

connected to PLN grid in an on-grid system

There is no need for any batteries to store power, or for any switching like in
the case of a diesel generator system

If system’s electricity generation is less than the building’s electricity load,

then building will draw the needed electricity from PLN grid; if
greater, then building will export the excess power to the PLN grid

Suryanesia will right-size the system capacity to maximize savings

and minimize any excess power exported to the PLN grid

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 9
Solar-as-a-Service Suryanesia Overview Project Portfolio
 Our vision & mission
We launched Suryanesia to contribute towards solving climate change

Our vision is that humanity successfully reduces global greenhouse gas

levels, and in doing so lives sustainably and in balance with nature

Our mission is to empower consumers, businesses, and governments to

harness innovations that solve climate change

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 11
 Leadership team
Capabilities to develop and implement optimal solutions for customers

Rheza Adhihusada Gwyneth Jocelyn Gary Samuel David Orlando Kurniawan Irwan Adhihusada
Founder & CEO Chief of Staff Head of Business Development VP of Operations Commissioner
• Previously Consultant at Bain; project • Previously Consultant at Bain • Previously a Head of Business • Previously Consultant at McKinsey • Founder & Director at PT Centra Multi
to build rooftop solar strategy for Development & Strategic Projects at Elektrindo, an EPC Co focusing on
Malaysian Power Co • Experienced in sustainability strategy, Boost, Axiata Group’s fintech • Previously Consultant at Sanergy transmission
product & marketing strategy, and (sanitation and waste management)
• Previously Account Strategist at commercial performance • Previously a CTA at Bain; involved in and Operations and Product Manager • 35 years experience supporting PLN to
Google improvement Emission Reduction Strategy Project at Traveloka build electricity transmission
for Countries in the Middle East infrastructure
• MSc Financial Economics at University • MBA at Wharton School; BA Statistics • MBA at Yale; BEng at Nanyang
of Oxford; BA Economics at Boston at University of California • BS Clinical Lab. Science at PWU Manila Technological University • D3 Management at U. Trisakti
College

Zidny Ilman Nikesh Shamdasani Justin Mandera Chuntari Siwi Asti Muhammad Razin Abdullah
Head of PPGR Head of Engineering Project Management Lead Senior Project Manager Asset Management Lead
• Previously Public Policy & Government • Previously Head of Engineering at PT • 10 years of experience in project • Previously Project Manager and • Previously Analyst at Asia Group
Relations manager at GoTo Surya Utama Nuansa management and construction in Procurement Committee at Solarion Advisors, 5+ years of experience
Canada power companies analyzing PV performance and market
• Experience in regulatory advocacy and • Installed >22 MWp, including • Project experience: oversaw 50+
B2G partnership Bumimulia (2.5 MWp), AHM (1.4 • Previously at MITKOR Consulting, MWp, including ground-mounted (10 • Experience in bilateral cooperation
MWp) & Djarum (1.5 MWp) CANA Utilities, SNC-Lavalin, and GE MWp), Astra (2MWp), and Sanqua IKN project management of solar PV
• MPP in Economics and Development projects
at Lee Kuan Yew School • MSc Renewable Energy Eng. at Heriot- • BSc Electrical Eng. at U. Calgary • MSc Geological and Earth Science at
Watt • BSc Marine Sciences at U. Brawijaya Delft TU

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 12
 Our partner
Banpu has extensive experience in clean and renewable energy production

Banpu is a Thailand-based leading integrated energy solutions company with an extensive renewable energy portfolio across APAC and the US. In
Indonesia, Banpu operates through and maintains a majority shareholding position in PT Indo Tambangraya Megah Tbk.

Developed capacity Renewable energy project portfolio

Solar power
528
plants
MWp

Rooftop and 225

solar MWp 110.9 MWp Solar Power Plant in NSW, Australia 51.6 MWp Solar Power Plant in Zhejiang, China 37.6 MWp Wind Power Plant in Ninh Thuan, Vietnam

Wind power 117

plants MWp

Energy Storage 1
Systems GWh
20.5 MWp Solar Power Plant in Fukushima, Japan 35 MWp Solar Power Plant in Ninh Thuan, Vietnam 1.6 MWp rooftop solar in Muang Rayong, Thailand

Note: Updated as of 31 Dec 2023; Developed solar and wind power plant capacity amount is equity-based (accounts for Banpu’s % ownership in its projects)

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 13
 Our values
We go above and beyond to ensure successful outcomes for customers

Going above and beyond

We go above and beyond to deliver outstanding value-add for our customers to help
them achieve their sustainability and economic goals

Customer-centricity
We seek to understand each customer’s unique needs, and provide tailored commercial
and technical solutions to address these needs effectively

Long-term partners
We strive to be trusted long-term partners for our customers by maintaining integrity,
open lines of communication, and responsive service

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 14
 Customized solutions
System design tailored for each customer’s facility SAMPLE DESIGNS

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 15
 Comprehensive assessment
Perform rigorous structural assessments to ensure building safety SAMPLE ASSESSMENTS

Suryanesia’s structural team will perform structural assessment using SNI and international standards (including earthquake, wind, etc.), based on as-built
drawing and visual inspection. If structural strengthening is required, we shall provide the strengthening recommendations

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 16
 Top tier equipments
Newest Tier-1 panels and inverters, with robust monitoring system for analytics

Solar panels Solar panels Inverter

and inverters • Tier-1 Bloomberg New Energy Finance • Ranked #1 inverter

• Superior degradation and temperature loss • Strong after-sales service and technical
performance over the long run support in Indonesia

• Certification from SNI

& other Tier 1 brands

Monitoring Energy meter Pyranometer Silicon sensor

system
Remote analytics center

Data logger Router

Internet

Inverters
Source: Bloomberg New Energy Finance

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 17
Solar-as-a-Service Overview of Suryanesia Project Portfolio
 Project portfolio
Factories and malls across Indonesia NON-EXHAUSTIVE

Banten South Sumatera

Food & Beverage Packaging Pharmaceutical

Air Compressor Central Java

Packaging & Printing Plastic packaging

Sustainable Packaging Footwear

West Java East Java

Garment
Food & seasoning
Packaging
Pharmaceutical

Real estate developer Packaging

Textile

DKI Jakarta West Kalimantan

Furniture Green shopping mall

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 19
 Project portfolio
Project highlights

PT Kahatex Gaia Bumi Raya PT Sasa Inti

6,01 MWp Jawa Barat 1,49 MWp Kalimantan Barat 503 kWp Jawa Timur

PT Wintrad Jaya PT PIM Pharmaceuticals Plaza IBCC

432 kWp DKI Jakarta 415 kWp Jawa Timur 409 kWp Jawa Barat

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 20
 PT Kahatex
6.1 MWp project in Majalaya installed for the top 3 largest textile company in Indonesia
Background As a textile supplier, PT Kahatex must comply with the
sustainability requirements of their customers (e.g.
leading brands who are part of RE100 like H&M are
collaborating with suppliers to harness renewable
energies). They also want to reduce electricity costs as it
contributes a significant portion to the company’s overall
expenses.

System Industry Textile Manufacturer

Overview
Location Majalaya, West Java

Phase 1 Phase 2

Capacity 410 kWp 5.6 MWp

COD January 2023 Q4 2024 (Target)

Installation of rooftop PV system for PT Kahatex

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 21
 Gaia Bumi Raya City
1.49 MWp project in Pontianak, one of the largest carport solar panel system in Indonesia
Background Gaia Bumi Raya City is the greenest mall in Kalimantan, led
by owners who are green leaders. Among other
sustainable operations, they wanted to install the 1st solar
PLTS system among malls in Kalimantan to enhance their
branding and achieve significant cost savings.

System Industry Retail

Overview
Location West Kalimantan

Capacity 1.49 MWp

COD January 2024

Aerial view of Gaia Bumi Raya City’s rooftop solar PV system Special Carport Installed a PLTS system in parking area
Features carport roof is made of solar panels
Bifacial Bifacial solar panels in carport absorb
Panel sunlight from both the top and bottom
Solar PV 1st in Indonesia to use N-type solar cells
Mounting Utilized both ballast and clip-lock mounting
on the rooftop PLTS system

Solar PV panels on Transmart roof Carport structure made of bifacial solar PV panels

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 Gaia Bumi Raya City
Inauguration event and news media coverage
> 70 participants including government stakeholders at inauguration News media coverage

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 23
 PT Sasa Inti
503.12 kWp project in Probolinggo
Background PT Sasa Inti, a leading company in the field of food
seasoning in Indonesia, wants to fulfill their commitment to
reduce carbon emissions.

In addition to finding a hassle-free solution, the PV system

also provides savings in electricity costs.

System Industry Food and seasoning

Overview
Location Probolinggo, East Java

Capacity 503.12 kWp

COD April 2024

Rooftop PV system of PT Sasa Inti

This information is confidential and was prepared by Suryanesia solely for the use of our customer; it is not to be relied on by any 3rd party without Suryanesia’s prior written consent 24
“Mother Earth has given so abundantly to us. Let us now repay the favor and be kind to her.”
Matthew Sacha, Core Founder of Green Building Council Indonesia