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0 89 79 245 175 22 PT Kawasan Industri Jababeka Tbk. 132 115 82 Investor Presentation November 2019 200 218 78 86 134 182 205 102 95 133 111 160 0 0 89 Leading township developer & infrastructure powerhouse 79 PT Kawasan Industri Jababeka Tbk. ("KIJA") is a leading township developer with an established track record in industry- based townships supported by residential & commercial components... 245 KIJA overview Business segments 175 22 FY18 Revenue Breakdown (%) PT Kawasan Industri Jababeka Tbk (Rp 2,712 billion) Dry Port, 8% 132 Real Estate Infrastructure Water / Estate, 115 9% 82 Real Estate & Industrial Power Others, 42% 200 Residential Water & Estate 218 78 Commercial Dry Port Power, 41% Established in 1989 and became the first publicly listed industrial FY18 Gross Profit Breakdown (%) 86 estate developer in Indonesia in 1994 (Rp 1,179 billion – 43% GPM) 134 Kota Jababeka, KIJA's flagship development, is a mature industry- 182 based integrated township in Cikarang with on-site power plant Dry Port , 6% Water / Estate, and dry port 10% Diversification projects: Kendal Industrial Park – Park by the Bay in Central Java, tourism-based townships in Tanjung Lesung, Banten, 205 and in Morotai, North Maluku 102 Large and strategically located land bank of 3,862 hectares as of 30 95 Power, 21% Real Estate & June 2019 Others, 63% Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life 133 111 160 …with world class infrastructure to support its development 1 0 89 Milestones & Awards 79 More than 25 years track record in township development Selected awards 245 175 22 #1 #1 Investor Magazine - 2012 Indonesia Property Watch- SWA Magazine - 2016 132 Fortune Indonesia - 2015 Top 10 Best performing 2015 Best Company award Top 25 Most Creative 115 listed companies and Best The best township Companies in Indonesia 82 listed company in property development concept 2016 Groundbreaking 200 Kendal Industrial 218 #1 #1 2014 Park – Park by 78 the Bay D’Khayangan Frontier Consulting Group Award Supply Chain Asia Awards 2014 Ministry of Industry - 2015 2013 Senior Living 2014 #1 Corporate Image Asia Logistics Centre/Park of the Best Industrial Estate – Launched Bekasi Industrial Estate Year Infrastructure & Facilities 86 2011 Power Plant 134 commenced Acquisition 182 2010 operations of 1,500 ha Cikarang Dry land in 2003 Port begins Tanjung operations Lesung, 2001 Commenced 205 Banten 1996 development of 102 Inauguration of 1994 Jababeka CBD Education Park, 95 1989 Acquisition of including President IPO on Menara Batavia University Jababeka Group Jakarta and in Jakarta CBD established and Surabaya 133 started Stock 111 development of Exchange 160 the industrial estate 2 0 89 Sizeable land bank in strategic locations with upside potential 79 Kota Jababeka Cikarang Fully integrated and matured city development 35km east of Jakarta, 45mins from Jakarta’s CBD 245 Master plan: 5,600 hectares 175 35km east of Jakarta Most established industrial area in Greater Jakarta, home 22 Land Bank: 1,232ha(1) to >2,000 local and multinational companies INDONESIA 132 115 Tanjung 82 Lesung Kota Jababeka Kendal, Cikarang Central Java 200 Semarang 218 78 Karawang Surabaya 86 134 182 Tanjung Lesung Master plan: 1,500 hectares 170km southwest of Jakarta 205 Land Bank: 1,534ha(1) 102 Kendal, Central Java Special Economic Zone for 95 Master plan: 2,700 hectares Industrial Estate Designated as a Special Economic Zone for Tourism 450km east of Jakarta Development Located 170km southwest of Jakarta and covers more than Land Bank: 575ha(1) Strategically located along 1,500 ha of land on a peninsula facing the Indian Ocean the Jakarta-Semarang- 133 Envisaged to become a first-class integrated resort Offers a deep pool of young Surabaya Economic 111 destination for both domestic and international tourists and skilled labour at a Corridor 160 competitive cost Note: 1 Land bank as at 30 June 2019 3 0 89 1 Kota Jababeka — Flagship industry-based integrated township 79 Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport… 245 175 22 • 35 KM from Jakarta City • Close to International Airport & Seaport JORR 2 Toll Road Cibitung – Tanjung • Accessible by toll road and railway 132 Priok Seaport • 115 ±1.5 Connectivity with 3 Toll Access / Exit 82 hours • Development of Major Transportation KOTA Infrastructure JAKARTA JABABEKA 200 218 78 Cikarang Train Station Lemah Abang 86 6 lane Highway of Jakarta Inner Ring Road Train Station 134 Proposed 182 MRT Station 205 KM 29 102 LRT MRT High speed train 95 KM 31 Tranportation infrastructure (Proposed / Under Construction) KM 34 LRT Track High Speed Train 133 Elevated Toll Road 111 MRT Track 160 Double-double track Railway Commuter train Elevated toll road JORR 2 Jakarta 2nd Outer Ring (JORR) Road 4 0 89 1 Kota Jababeka – Anchored by a blue-chip customer base 79 The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities 245 175 22 Diverse mix of occupants across sectors (breakdown by number of occupants) – As of 30 June 2019 Portfolio of high quality customers 132 115 82 11% Electronics Machinery 7% Customer Goods 200 Chemicals 6% 218 46% Automotive 78 Plastics 6% Foods Building 86 6% 134 Metal Fabrication 182 5% Tekstile 4% Others 2% 4% 4% 205 102 95 133 111 Kota Jababeka is home to over 2,000 local and multinational customers from over 20 countries 160 5 0 89 1 Jababeka Residence – A City for Your World 79 Residential & Commercial Developments 245 175 22 132 115 Oscar Townhouse Sudirman Boulevard 82 Cluster Commercial Center Mixed-Use Developments 200 218 KM 29 78 KM 31 86 134 182 Hollywood Junction, Monroe & Elvis Tower KM 34 Facilities 205 102 95 133 111 International Senior Living 160 Hospitals President Jababeka Golf & Jababeka Jababeka Stadium Hotels University & Country Club D’Khayangan Convention Center 6 Reputable Schools 0 89 1 Kota Jababeka – Enhancing value through Joint Venture projects 79 “Kawana Golf Residence” 245 Kawana Golf Residence is a JV 175 between Jababeka (60%) and Creed 22 Group (40%) from Japan High-end golf view apartment tower 132 with 234 units 115 Total 100% sold in 2 phases – delivery 82 scheduled for late 2020 Kawana 2 planned to be launched later in 2019 or 2020 200 218 78 “Riverview Residence” Joint Venture between Jababeka (51%) 86 and PT PP Property (Persero) Tbk (49%) 134 182 4 apartment towers strategically located near the toll exit & catering to the lower end of the market Tower 1 (1009) – Mahakam Tower 205 –> 90% sold, 20% handed over 102 95 Tower 2 (939) – Bengawan Tower –> 23% sold, piling completed 133 Other JVs within the KIJA group include: 1) “Little Tokyo” – a JV between PT PP Property (Persero) Tbk (52.6%) and Jababeka (47.6%) for a mixed use superblock 111 on a 4.6-hectare site with 6 apartment towers and a Japanese style mall; 2) “Mayfair Estate & Park Land” – a JV between PT Plaza Indonesia Realty Tbk (70%) and 160 Jababeka (30%) for a mixed use superblock on a 12-hectar site right next to the golf course; 3) “Paradiso” – a JV between Jababeka (52% - subject to finalization of acquisition of 3% stake from Nice Corporation) and Keihan Real Estate (48%) from Japan to develop a 2.7 hectare high-end golf villa residential project. 7 0 89 2 Enhancing Kota Jababeka's value proposition: Jababeka Infrastruktur 79 PT Jababeka Infrastruktur provides top notch to infrastructure and services, including clean water provision, waste water 245 treatment, estate management, and other services such in-house fire brigade, 24 hour security, fiber optics, natural gas 175 and others… 22 WWTP 2 WTP 1 WTP 2 WWTP 1 Capacity Capacity 125 L/sec 132 400 L/sec Capacity Capacity 115 200 L/sec 208 L/sec 82 Waste Water 200 Treatment Plan 218 78 86 134 182 Water Treatment Plan 205 102 95 Telco Natural Gas 133 111 …which meet the international standards and operate in accordance with environmentally 160 friendly policies in integrated city Kota Jababeka in Cikarang 8 0 89 2 Enhancing Kota Jababeka's value proposition: Bekasi Power Plant 79 KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate Integrated Power Generation & Distribution Process 245 175 22 1 100% output to PLN 130MW gas fired combined cycle plant 132 20 year 100% off-take agreement from 115 2 Buy back from PLN PLN 82 (+16% margin) Perusahaan Listrik Negara (“PLN”) – Rate per KWH: ~US$11 cents 3 Direct sale to factories – Average gas cost / MMBTU: ~US$8.7 (+ margin) 200 – Fuel costs borne by PLN on a pass-through 218 basis Factories 78 – Fully contracted gas supply Financial Highlights – Flexibility to buy back power and resell it at a IDR billion premium 86 1,600 1,499 30.0% During repair of a leakage in one of the boilers 134 1,360 1,400 1,267 1,310 26.1% 182 25.0% the power plant operated at about 50% of the 1,200 1,102 usual capacity for about 3 months in 2016 22.5% 20.0% 1,000 The power plant was in full “reserve shutdown” 800 14.3% 17.1% 15.0% for most of 1Q18 and 2Q19 and has operated 205 12.5% 600 12.2% intermittently in other quarters of 2018 and 102 386 10.0% 400 215 232 248 2019. 95 155 164 5.0% 200 101 - 0.0% 2014 2015 2016 2017 2018 1H19 133 Revenue Gross Profit Gross Profit Margin 111 160 Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary