PT ASTRA INTERNATIONAL TBK

FULL YEAR 2019 - Results Presentation Disclaimer

The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and are general background information about Astra Group business performances current as at the date of this presentation and are subject to change without prior notice.

This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account their particular investment objectives, financial situation or needs. Before acting on any information, readers should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, readers should seek independent financial advice.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Astra businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements; past performance is not a reliable indication of future performance. Astra does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Astra and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.

2 Highlights

Net earnings per share Astra’s automotive wholesales Higher earnings contribution from Heavy equipment, coal mining Rp536 financial services and gold mining and agribusiness activities 0% 3% 8% operation impacted by lower commodity prices

Net revenue 1Q192019 237,166 1% (Rp bn) 1Q182018 239,205

Net income* 2019 21,707 0% (Rp bn) 2018 21,673

Net earnings 2019 536 0% per share (Rp) 2018 535

As at 31st 147,847 Shareholder’s funds** December 2019 8% (Rp bn) As at 31st 136,947 December 2018 177,044 As at 31st 3,652 Net asset value December 2019 8% per share** (Rp) As at 31st 3,383 December 2018

* Net income is profit attributable to owners of the parent, i.e. Astra International shareholders. ** Shareholders' funds and net asset value per share are based on equity attributable to owners of the parent. The financial results for the year ended 31st December 2019 and 2018 as well as the financial position as at 31st December 2019 and 2018 have been prepared in accordance with Indonesian Financial Accounting Standards and audited in accordance with the auditing standards established by the Indonesian Institute of Certified Public Accountants.

3 Business Structure

Automobile Automobile Financing Construction Machinery Palm Oil Plantation Toll Road Infrastructure Document Solution Commercial Properties • • Astra Credit Companies • United Tractors • Astra Agro Lestari • Marga Mandalasakti • Astra Graphia • Menara Astra • • Toyota Astra Financial Services • Traktor Nusantara • Marga Harjaya Infrastruktur • Samadista Karya • Refineries • Marga Trans Nusantara IT Solution • Astra Astari Sejahtera • Isuzu Financing Mining Contracting • Tanjung Sarana Lestari • Trans Marga Jateng • Astra Graphia • Astari Marga Sarana • BMW • Federal International Finance • Pamapersada Nusantara • Kreasijaya Adhikarya • Lintas Marga Sedaya Information • Peugeot • Jasamarga Surabaya Mojokerto Technology Trading Properties • UD Trucks Mobile Lending Fintech Mining Commodity Trading • Brahmayasa Bahtera • Astra WeLab Digital Arta • Tuah Turangga Agung • Astra-KLK Pte.Ltd Infrastructure Solutions Office Services Solution • Astra Land Indonesia Motorcycle • Agincourt Resources • Astra Infra Solutions • Astragraphia Xprins • Astra Modern Land • Heavy Equipment Financing Cattle in Palm Oil Indonesia • Award Global Infinity • Surya Artha Nusantara Finance Construction Industry Plantation Logistics Infrastructure Component • Komatsu Astra Finance • Acset Indonusa • Agro Menara Rachmat • Pelabuhan Penajam Banua Taka • Astra Otoparts Banking Energy Logistics Other Automotive • Permata Bank • Bhumi Jati Power • Serasi Autoraya Related Product & Service • Solusi Mobilitas Bangsa • AstraWorld General Insurance • Astra Digital Internasional • Asuransi Astra Buana

Life Insurance • Astra Aviva Life

4 Astra Market Position for Full Year ended 31 December 2019

Car Motorcycle Heavy Equipment

52% 76% 30% 2019 2019 2019 2018 : 51% 2018 : 75% 2018 : 36%

Brand Market Share Brand Market Share Brand Market Share

Toyota 32% Honda 76% Komatsu 30%

2019

Daihatsu 17% Others 24% Caterpillar 19%

2019

Isuzu 3% Source : Ministry of Industry Hitachi 19% 2019 Others 48% Kobelco 13% Source : Gaikindo Sumitomo 6% Others 13% Source: United Tractors – Internal Market Research

5 Corporate Actions

Feb‘19 As part of the collaboration between the Group and Gojek, a joint venture company was formed to provide fleet for the ride-hailing online transportation system of GoCar in Indonesia. This strategic collaboration was taken following an additional US$100 million of equity investment by Astra in Gojek in January 2019, which brought the Astra’s total investment in Gojek to US$250 million.

May‘19 Astra Tol Nusantara acquired 44.5% shares in Jasamarga Surabaya Mojokerto, the concession holder of Surabaya Mojokerto toll road.

Nov‘19 Astra Tol Nusantara (ATN) through Baskhara Utama Sedaya, together with the Canada Pension Plan Investment Board, completed the acquisition process of Lintas Marga Sedaya (LMS) stake which was marked by the signing of a purchase agreement of 55% shares of PLUS Expressways International Berhad.

Dec‘19 Astra and Standard Chartered PLC signed a Conditional Share Purchase Agreement to sell both stakes in PermataBank to Bangkok Bank Public Company Limited. Completion of the transaction is subject to certain conditions, including approvals by the shareholders of Bangkok Bank and approvals from the regulators in Indonesia and Thailand.

The inaguration of the Group's Kunciran-Serpong toll road, which is managed by Marga Trans Nusantara.

6 Financial Performance

7 Consolidated Income Statement In Billion Rupiah 2019 2018 Change USD / IDR, average 14,131 14,267 (1%) Net Revenue 237,166 239,205 (1%) Gross Profit 50,239 50,769 (1%) Selling, General and Administrative Expenses (24,055) (23,901) 1% Finance Costs - net (2,429) (1,246) 95% Foreign Exchange Losses - net (57) (87) (34%) Other Income - net 3,269 2,424 35% Share of Results of Joint Ventures and Associates 7,087 7,036 1% Income Tax Expenses (7,433) (7,623) (2%) Non-controlling Interests (4,914) (5,699) (14%) Net Income 21,707 21,673 0% “The Group’s full year result in 2019 was impacted by relatively weak domestic consumption and low commodity prices, but benefited from an improved performance from financial services and the strong contribution from the Group’s newly acquired gold mine. The outlook for 2020 remains challenging given the uncertain external macro environment, competition in the car market and weak commodity prices. Nevertheless, we are encouraged that the Group is well positioned to benefit from any improvement in economic conditions.”

8 Divisional Net Revenue and Net Income Divisional Net Revenue (Rp bn) 237,166 239,205

44% 1% 44% Automotive Automotive Automotive 9% 8% Financial Services 35% 35% Financial Services Financial Services 7% 8% 5% 5% 44% 46% Heavy Equipment, Mining, Construction & 44% 44% 46% 46% 2019 2018 Heavy Equipment, Mining,Heavy Construction Equipment, & Mining, Construction & Energy Divisional Net Income (Rp bn) 8% Energy Energy 9% Agribusiness 8% 8% 9% 9% 21,707 21,67335% Agribusiness Agribusiness 31% 35% 35% 31% 31%8% 9% 5% 5% Others (Infrastructure & Logistics, IT and 8% 8% 9% 9% 5% 5% 5% 5% Others (Infrastructure &Others Logistics, (Infrastructure IT and & Logistics, IT and Property) 39% 0% 39%2018 2017 Property) Property) 2018 2018 27% 2017 22%2017 31% 31% 3%* 5% 3% 2019 2018 *Total Agribusiness & Others

9 Consolidated Balance Sheet • The net asset value per share at 31st December 2019 was Rp3,652, 8% higher than at the end of 2018. • Net debt, excluding the Group’s financial services subsidiaries, was Rp22.2 trillion at 31st December 2019, compared with Rp13.0 trillion at the end of 2018, mainly due to the Group’s additional toll road and Gojek investments, as well as capital expenditure in its mining contracting business. The Group’s financial services subsidiaries had net debt totalling Rp45.8 trillion at 31st December 2019, compared with Rp47.7 trillion at the end of 2018. In Billion Rupiah 31-Dec-19 31-Dec-18 Change Cash and Cash Equivalents 24,330 25,193 (3%) Trade Receivables 29,546 31,226 (5%) Inventories 28,174 30,622 (8%) Financing Receivables 68,534 65,907 4% Investment in Joint Ventures and Associates 45,683 40,358 13% Fixed Assets 62,337 57,733 8% Other Assets 93,354 93,672 0% Total Assets 351,958 344,711 2% Short-term Borrowings 15,427 19,588 (21%) Trade Payables 30,087 41,881 (28%) Long-term Debt 76,874 66,326 16% Other Liabilities 42,807 42,553 1% Total Liabilities 165,195 170,348 (3%) Equity Attributable to the Owners of the Parent 147,847 136,947 8% Non-controlling Interests 38,916 37,416 4% Total Equity 186,763 174,363 7% Net Debt 67,971 60,721 12% Net Debt (Excl. Financial Services) 22,182 13,040 70%

10 Consolidated Cash Flow

As at 31st December 2019, Astra’s consolidated closing cash balance (net-off with bank overdraft) was Rp24.3 trillion. In Billion Rupiah 2019 2018 Change Cash Generated from Operations 26,806 33,119 (6,313) Tax Payments (9,268) (7,044) (2,224) Interest Received 1,637 1,617 20 Net Cash flow provided from Operating Activities 19,175 27,692 (8,517) Dividend Received 5,705 7,021 (1,316) Net Investment (5,133) (21,179) 16,046 Net Capex (12,355) (14,029) 1,674 Other Investing (2,403) (1,544) (859) Net Cash flow used in Investing Activities (14,186) (29,731) 15,545 Net Proceeds of Debt 8,597 8,900 (303) Finance Costs Paid (3,140) (1,723) (1,417) Dividend Payments (11,230) (10,197) (1,033) Other Financing 359 (1,853) 2,212 Net Cash flow used in Financing Activities (5,414) (4,873) (541) Decrease in Cash (425) (6,912) 6,487 Opening Cash Balance (net-off with Bank Overdraft) 24,941 31,574 (6,633) Exchange Rate Adjustment (192) 279 (471) Closing Cash Balance (net-off with Bank Overdraft) 24,324 24,941 (617)

11 Business Update

12 Domestic Wholesale Car Market Improved GDP of 5.17% Presidential Election Weak GDP of 4.79% In thousand units (↑7%) & Lower Commodity LTV Policy (↓16%) Astra Others (↑25%) Prices 1,230 (↓11%) 1,208 1,151 Source: Gaikindo 1,116 1,063 1,080 1,013 1,030 894 575 594 765 511 474 501 569 503 491 411 338

605 655 614 589 579 582 427 483 510 536

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Segment 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sedan 4% 3% 3% 3% 2% 2% 1% 1% 1% 1% 4x2 & 4x4 67% 64% 67% 65% 57% 54% 58% 55% 55% 54% Commercial 29% 33% 30% 28% 27% 28% 19% 22% 24% 24%13 LCGC 0% 0% 0% 4% 14% 16% 22% 22% 20% 21%

13 Automotive – Wholesale Car Market Astra’s car sales were 8% lower at 536,000 units. The overall wholesale market declined by 11% to 1.03 million units in 2019 (source: Gaikindo). Astra’s market share increased from 51% to 52%. 11% 2019 2018 1,030,126 1,151,413

LCGC LCGC 232,565 / 20.2% 217,454 / 21.1% Others Other Brands Others Other Brands 568,967 / 49.4% Commercial 568,984 / 49.4% 493,724 / 47.9 % Commercial 494,350 / 48.0% 281,040 / 24.4% 248,570 / 24.1% Isuzu, 26,098 / 2.3% Isuzu, 25,270 / 2.5% Daihatsu 4x2 & 4x4 Daihatsu 4x2 & 4x4 202,738 / 17.6% 557,497 / 54.1% 177,284 / 17.2% 630,987 / 54.8% Astra Astra 582,446 / 50.6% 536,402 / 52.1% Toyota & Lexus Toyota & Lexus 333,222 / 32.3% 353,471 / 30.7% Sedan Sedan 6,605 / 0.6% 6,821 / 0.6% M/S Market Segment Brand M/S Market Segment Brand 2019 Source: Gaikindo 2018

14 Automotive – Car Product Launches

In 2019, Astra launched 15 new models and 11 revamped models.

Isuzu FVR 34 P TH (NEW) Peugeot 5008 (NEW) Lexus RX 300 January 2019 June 2019 August 2019

Astra Altis (NEW) BMW 320i Sport (NEW) September 2019 September 2019 October 2019

15 Domestic Wholesale Motorcycle Market

In thousand units LTV Policy Weak GDP of 4.79% (↓12%) (↓18%) Improved GDP of 5.17% Presidential Election (↑8%) (↑2%)

8,013 7,744 7,867 7,373 7,064 6,480 6,383 6,488 2,816 5,931 5,886 3,739 3,047 2,975 2,026 1,624 1,577 3,957 1,550 1,500

4,697 5,051 4,759 4,911 4,274 4,089 4,454 4,381 4,386 3,416

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Astra (i.e. Honda) Others

16 Automotive – Motorcycle Product Launches The wholesale market for increased by 2% to 6.5 million units in the year (source: Ministry of Industry). ’s sales increased by 3% to 4.9 million units with a 76% market share, slightly increased compared to last year. 6 new models and 21 revamped models were launched during the year.

Honda PCX EV (NEW) Honda CBR500R Honda Genio (NEW) January 2019 February 2019 June 2019

Honda ADV 150 (NEW) Honda Monkey (NEW) Honda Supra GTR 150 July 2019 July 2019 September 2019

17 Automotive – Components

The Group’s 80%-owned components business, Astra Otoparts, reported a 21% increase in net income at Rp740 billion, mainly due to higher revenue from the replacement market and lower production costs.

Share of Results of Joint Ventures Revenue (Rp bn) Net Income (Rp bn) and Associates (Rp bn)

1% 21% 9%

740 523 15,445 15,356 479 611

2019 2018 2019 2018 2019 2018

18 Financial Services

Net income from the Group’s financial services division increased by 22% to Rp5.9 trillion, mainly due to a larger loan portfolio and an improvement in non-performing loans.

Unit Financed 2019 2018 % Amount Financed (Rp bio) 2019 2018 %

ACC 180,048 171,592 5% ACC 26,719 25,699 4%

TAF 92,536 82,100 13% TAF 19,808 16,506 20%

Total ACC & TAF 272,584 252,692 8% Auto Total ACC & TAF 46,527 42,205 10% Auto FIF* 3,794,510 3,762,934 1% FIF 40,320 38,355 5% Total Auto 4,067,094 4,015,626 1% Total Auto 86,919 80,560 8%

SANF 1,306 1,143 14% SANF 2,367 1,812 31%

HE KAF 364 530 (31%) HE KAF** 1,902 3,365 (43%)

Total HE 1,670 1,673 (0%) Total HE 4,270 5,177 (18%) Permata Bank Asuransi Astra Buana • 2019 net income of Rp1.5 trillion • Higher net income by 4% to Rp1.1 trillion. (2018 net income of Rp0.9 trillion) • 2019 Gross Written Premium up by 10% YoY to Rp5.0 trillion. *** • Loan book increased by 1% YoY to Rp108 trillion • RBC: 266% vs regulatory minimum of 120%. • LDR 86%, Total CAR 20% * Unit financed includes electronics • Gross and Net NPL at the end of December 2019 were 2.8% and 1.3%, **Average exchange rate USD/IDR: 14,131 (2019) & 14,267 (2018) respectively (end of 2018: 4.4% and 1.7%, respectively) ***Tentative figure, awaiting confirmation from OJK

19 Heavy Equipment Market Heavy equipment market in 2019 declined due to lower coal price. Others Komatsu 17,360 In Units 14,421 13,550 11,781 8,893 10,823 10,252 9,670 8,219 8,867 8,672 6,377 6,844 6,049 5,912 7,035 5,354 6,744 8,467 3,788 4,663 5,404 6,202 4,203 3,788 4,878 3,513 2,124 2,181 2,926 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Market Share 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Komatsu 46% 49% 43% 41% 40% 36% 32% 35% 36% 30% Caterpillar 16% 18% 19% 19% 18% 22% 17% 18% 19% 19% Hitachi 19% 15% 21% 21% 20% 18% 20% 15% 15% 19% Others 19% 18% 17% 19% 22% 24% 31% 32% 30% 32% Source: UT’s internal research

20 Heavy Equipment, Mining, Construction and Energy

59.5%-owned United Tractors reported a 2% increase in net income to Rp11.3 trillion.

Revenue (Rp bn) Coal Mining Contracting OB 84,430 84,625 Production Removal 5% 9% 0% 5%* 5% 1% 13% 12% 48% 988.9 979.4 46%

131.2 125.1 27% 35% 2019 2018 2019 2018 Construction Machinery Mining Contracting Coal Mining Coal Production (mn tonnes) Overburden Removal (mn bcm) Gold Mining Construction Industry *Total Gold Mining & Construction Industry General Contractor Komatsu Unit Sales Coal Sales (incl. Trading) Gold Sales Volume New Contracts 4,879 8,464 5% 40% 15% 21% 7,022 2,926 24% 1,155 807 12% 10% 410 1.7 31% 1.6 7,309 16% 51% 6,215 41% 2019 2018 2019 2018 2019 2019 2018 Mining Forestry Construction Agro Thermal Coal (000 tonnes) Coking Coal (000 tonnes) Gold Equivalent (in thousand oz) New Contracts Secured (Rp tn)

21 Agribusiness

79.7%-owned Astra Agro Lestari reported an 85% decline in net income to Rp211 billion, primarily due to lower crude palm oil prices.

Revenue (Rp bio) CPO Productivity (tonne/Ha) 19,084 17,453 9% 13% 41% 54% 4.32 3.77 Export 59% 46% Local

2019 2018 2019 2018

CPO Production (‘K tonnes) CPO & Derivatives Sales (‘K tonnes) Average CPO Price (Rp/Kg) 15% 3% 8%

2,345 1,937 2,267 1,654 6,689 7,275

2019 2018 2019 2018 2019 2018

22 Infrastructure and Logistics

Net income from the Group’s infrastructure and logistics division increased by 49% to Rp292 billion, mainly due to improved revenue from its operational toll roads.

MMS Toll Revenue (Rp bn) LMS Toll Revenue (Rp bn) TMJ Toll Revenue (Rp bn) MHI Toll Revenue (Rp bn) [72.5km] [116.8km] [72.6km] [40.5km] 3% 12% 162% 72%

1,581 368 1,099 1,066 1,417 659 214 252 2019 2018 2019 2018 2019 2018 2019 2018 JSM Toll Revenue* (Rp bn) SERA Unit in Contract (Units) SERA Used Car Sales (Units) Astra Toll Roads Portfolio (Km) [36.3km] As at 2% 1% Toll Road 31st December 2019

321 22,661 23,014 32,564 32,951 In Operation 350

2019 2019 2018 2019 2018 *Since acquired by ATN in May 2019

23 Information Technology

76.9%-owned Astra Graphia reported an 7% lower net income at Rp251 billion, due to lower operating profit margins, despite increased revenue from its document solution and office service solution businesses. Revenue (Rp bn) Net Income (Rp bn)

4,772 4,070 17% 7% 43% 32% 270 21% 28% 251

36% 40%

2019 2018 2019 2018 Astra Graphia Document Solution Astra Graphia Information Technology Astragraphia Xprins Indonesia

24 Property

Net Income (Rp bn) Net income from the Group’s property division was 48% lower at Rp83 billion, mainly due to reduced 48% development earnings recognised from Anandamaya Residences as a result of the completion of its construction in 2018.

160 The Group’s other projects include interests in Arumaya in South Jakarta and Asya in East Jakarta, both 83 residential projects, and a 3-hectare residential and commercial development in Jakarta’s Central Business District. 2019 2018

25 Appendices

26 Car Product Launches 2019

Models Launched Launching Period Engine Capacity Prices (Rp mio) Toyota All New Camry (NEW) Jan’19 2,500cc 613.4-806.6 Toyota New Avanza Jan’19 1,300cc-1,500cc 191.1-239.5 Daihatsu Grand New Xenia Jan’19 1,300cc-1,500cc 183.4-228.9 Isuzu FVR 34 P TH (NEW) Jan’19 245ps 625 Isuzu GVR 34 J HP ABS (NEW) Jan’19 285ps 681 Isuzu GVZ 34 K HP ABS (NEW) Jan’19 285ps 916 Isuzu GXZ 60 K ABS (NEW) Jan’19 345ps 1,011 BMW X3 sDrive20i (NEW) Mar’19 2,000cc 909* Toyota CH-R Hybrid (NEW) Apr’19 1,800cc 523.4 Peugeot 5008 (NEW) Jun’19 1,600cc 820 BMW X7 xDrive40i Pure Excellence (NEW) Jul'19 3,000cc 2,399* BMW M850i (NEW) Jul'19 4,400cc 3,479* BMW 330i (NEW) Jul'19 2,000cc 979* * Off the Road price

27 Car Product Launches 2019

Models Launched Launching Period Engine Capacity Prices (Rp mio) Toyota Hi-Ace Premio (NEW) Jul’19 2,800cc 516 (NEW) Jul’19 3,000cc 1,998 TRD Jul’19 2,400cc-2,700cc 536.7-562.1 Isuzu MU-X Jul’19 2,500cc 449 Lexus RX 300 Aug’19 2,000cc 1,425-1,475 Toyota Corolla Altis (NEW) Sep’19 2,000cc 462.2-566.3 Astra Toyota Calya Sep’19 1,200cc 137.5-158.4 Astra Daihatsu Sigra Sep’19 1,000cc-1,200cc 114-156.8 Toyota Sienta Sep’19 1,500cc 249.1-302.9 BMW 320i Sport (NEW) Oct’19 2,000cc 859* BMW 730Li M Sport Oct’19 2,000cc 1,829* BMW 740Li Opulence Oct’19 3,000cc 2,299* BMW X1 sDrive18i xLine Nov’19 1,500cc 739* * Off the Road price

28 Motorcycle Product Launches 2019

Models Launched Launching Period Engine Capacity Prices (Rp mio) Honda PCX EV (NEW) Jan’19 - (B2B only) eSP Jan’19 110cc 15.1 – 16.3 Honda BeAT Street eSP Jan’19 110cc 16.2 Honda CB650R (NEW) Feb’19 650cc 237.4 Honda PCX 150 Feb’19 150cc 28-31 Honda CB500X Feb’19 500cc 156 Honda CB500F Feb’19 500cc 135.4 – 141.9 Honda CBR500R Feb’19 500cc 146.9 Honda CMX500 Rebel Feb’19 500cc 156 Honda Scoopy Feb’19 110cc 18.4 Honda CB150 Verza Feb’19 150cc 19.4 – 20.1 Honda Supra X 125 FI Mar’19 125cc 17.5 – 18.5 Honda Vario 125 Mar’19 125cc 19.4 – 20.2 Honda Vario 150 Mar’19 150cc 22.8 Honda X-Adv 750 (NEW) Apr’19 750cc 450 Honda PCX 150 May’19 150cc 28.7-31.7 Honda CRF 250 RALLY May’19 250cc 72 Honda Genio (NEW) Jun’19 110cc 17.2-17.7 Honda BeAT Street eSP Jun’19 110cc 16.7

29 Motorcycle Product Launches 2019

Models Launched Launching Period Engine Capacity Prices (Rp mio) Honda ADV 150 (NEW) Jul’19 150cc 33.5-36.5 Honda Monkey (NEW) Jul’19 125cc 65 Honda SH 150 Jul’19 150cc 41.9 Honda Scoopy Aug’19 110cc 19.1 Honda CB150R Aug’19 150cc 27.5-28.6 Honda Supra GTR 150 Sep’19 150cc 23.4-23.7 Honda Sonic 150R Oct’19 150cc 22.8-23.2 Honda CRF150L Oct’19 150cc 33.6

30 Equity Research Contact Details

No Brokerage House Analyst Name Contact Number Email Address 1 Bahana Sekuritas Anthony Yunus +62 21 2505081 [email protected] 2 BCA Sekuritas Aditya Eka Prakasa +62 21 23587222 [email protected] 3 BofA Merrill Lynch Swati Chopra +65 6678 0405 [email protected] 4 Ciptadana Sekuritas Asia Arief Budiman +62 21 2557 4800 [email protected] 5 Citigroup Investment Research Ferry Wong +62 21 2924 9213 [email protected] 6 CLSA Indonesia Sarina Lesmina +62 21 5088 7888 [email protected] 7 Credit Suisse Sekuritas Indonesia Andri Ngaserin +62 21 2553 7917 [email protected] 8 Danareksa Sekuritas Stefanus Darmagiri +62 21 2955 5831 [email protected] 9 DBS Vickers Maynard Priajaya Arif +62 21 3003 4900 [email protected] 10 Goldman Sachs Pramod Kumar +91 22 6616 9043 [email protected] 11 HSBC Global Research Colin Davis +65 6658 0606 [email protected] 12 J.P. Morgan Securities Indonesia Benny Kurniawan +62 21 5291 8024 [email protected] 13 Kresna Securities Franky Rivan +62 21 2939 1900 [email protected] 14 Macquarie Sekuritas Indonesia Robert Pranata +62 21 2598 8366 [email protected] 15 Mandiri Sekuritas Ariyanto Kurniawan +62 21 5296 9682 [email protected] 16 Maybank Kim Eng Securities Isnaputra Iskandar +62 21 2557 1129 [email protected] 17 Morgan Stanley Divya Gangahar Kothiyal +65 6834-6438 [email protected] 18 RHB Sekuritas Indonesia Andrey Wijaya +62 21 2598 6888 [email protected] 19 Samuel Sekuritas Akhmad Nurcahyadi +62 21 2854 8144 [email protected] 20 Sinarmas Sekuritas Evan Lie Hadiwidjaja +62 21 392 5550 [email protected] 21 Trimegah Securities Willinoy Sitorus +62 21 2924 9088 [email protected] 22 UBS Sekuritas Indonesia Igor Putra +62 21 2554 7033 [email protected] 23 UOB Kay Hian Securities Stevanus Juanda +62 21 2993 3845 [email protected] 25 Valbury Asia Securities Budi Rustanto +62 21 2553 3600 [email protected]

31 For further information please contact: PT Astra International Tbk Corporate Investor Relations P: (+62 21) 5084 3888 E: [email protected]

32