01

Opening

Slides 1 – 6

Cover, thesis, snapshot, deal highlights

02

Portfolio + Technology

Three SPVs, CLAD configuration, Penang reference

Slides 7 – 13

03

Revenue + Regulatory

Slides 14 – 18

CBG offtake, Perpres 109/2025, in-kind support

04

Capital + Corporate

Slides 19 – 24

Bridge-to-bond, drawdowns, three-layer architecture

05

Returns + Risk

Slides 25 – 30

Portfolio returns, sensitivities, mitigants, closing