---

Indonesian Company is for sale

The partners want to retire and so this an excellent and unique opportunity

So, once you find interested party, we set up the NDA, release all latest financials and Company details, Principles, waste to hydrogen, etc, they will leave $3.5 million in cash for cash flow.

(off market NOT for mass mail, NO Social Media )

Investment Teaser- Indonesian Company

Privately Owned

Headquarters in Jakarta

30 years in business (1993)

No Debt, grew the company with cash flows

Owners getting up in age and want to sell the business due to no family members to take over

Owners will stay as long as needed for the transition period

Revenue 2022 ($USD)- $10.6m, Forecast 2023- $12m, 2024- $14m, 2025- $15.6m, 2026- $17.5m

EBITDA 2022- $1.284m, Forecast 2023- $1.6m, 2024- $1.8m, 2025- $2.1m, 2026- $2.5m

These revenue forecasts do not include the high potential Waste to Hydrogen revenue noted below

Cash/Assets left in Business- $6.2m



Asset values were evaluated as follows:

End of year 2022 Cash and Assets were at $6.2 million. As per Jan 23, 2023 the amount is approximately the same with a breakdown as follows: Cash 40%, Trade Receivables 22%, Amount due related parties 20% and Inventories 18%. Note: 40% cash = $2.5 million

Sale Price- $15 m

Companies Represented- 19

Staff- 35

55 Licenses to Operate- Oil & Gas and Energy Sector



Company Provides the Following Products & Services:

The Company is involved in Drilling and Completion Tools, Downhole Tools, Reamers, Drilling Chemicals, Circulating Tools, Winches, QA/QC Rig Inspection Services, Corrosion Prevention Chemicals, Cranes, Casing Centralizers, Wire/Cable Clamps, Waste to Hydrogen Technology

There is a write up on each product line in the Executive Summary which I will send to you after NDA

Warehouses in Jakarta, Balikpapan and Singapore

Singapore Warehouse- Import/Store/Export and Distribution of Corrosion and Oilfield Chemicals to Malaysia and Batam while Drilling & Completion Tools, Cementing and Centralizer equipment are all traded from Singapore to the region in oil and gas markets such as Thailand, Malaysia, Vietnam and Philippines.

Balikpapan Warehouse- They have long term contracts with major service companies like Halliburton, Baker Hughes and Schlumberger for downhole tools and some of the other services they provide through their agency agreements/partnerships. Therefore, the warehouse provides storage for their rental tools business, chemicals, services and consumables such as cementing and centralizer equipment as there is usually a lot of activity with TOTAL in Balikpapan as well as Pertamina. It is also used as a workshop and for tool and equipment maintenance .

Notes: On the Waste to Hydrogen Technology

Currently they are in discussion with the Indonesian Government to sign a contract to convert Waste into Hydrogen for clean energy

95 million tons per year of waste/trash in Indonesia (20% is glass and metal and not useable), but the other 80% or 76 million tons are usable



I unit of this technology can handle only 55,000 Tons of waste per year, which is = 4 million kg of hydrogen x a low projection market rate of $6.00-6.50 per kg = $24-26 million USD plus carbon credits of $1m = approximate $27 million USD per year in revenues

1 Ton of waste can make $500 worth of hydrogen, so if they can handle 55,000 Tons per year with 1 unit set up, then $55,000 Tons x $500 = $27.5 million USD

Cost of the 1 unit is $45 million USD, which the Indonesian government and banks and organizations from the units home country will subsidize that CAPEX Cost

The Company for sale (my client) has the rights for that technology for Indonesia and will make a management contract at 15% of the business generated. At $27 million per year = $4 million annual revenue to this business. Note: This figure is not included in this year or other forecasted revenue.

3 Units would generate $27 million x 3 = $81 million and @ 15% = $12 million annually for the company

The rate of $6.50 per kg is a low-ball rate as Europe is now selling Hydrogen at $10-13 per kg, therefore there is much more revenue potential and a lot of free raw material (trash and waste) to scale this into an unbelievably high revenue business



The person who sold the rights to this technology to my client for Indonesia also owns the rights to the Middle East including UAE. Therefore, the buyer of my clients company will be able to own the rights for UAE and beyond. This technology is a game changer for my client and whoever buys their company.

My client secured the rights to this Waste to Hydrogen business for Indonesia. After speaking with the owner of this group today, he said the same person they secured the rights to Indonesia has the rights to the Middle East, therefore UAE can be secured anytime.

This is a great opportunity for a company to acquire my client and continue growing their business and for the buyer to inject their core business in this region with my client s core customer base which is Pertamina and all of the Oil & Gas Companies operating in Indonesia and the region.

---

---

---