COMPANY UPDATE

1 April 2021 CORPORATE STRUCTURE OF WASKITA GROUP

Waskita Group, which has vertically integrated business lines, has supported PT Waskita Toll Road (WTR), particularly with the capability and extensive experience in the field of construction and precast concrete.

Waskita is one of the leading construction companies in . ▪ Waskita has more than 50 years experience in construction business with proven track records. 99.99% 81.475% 59.99% 99.99% ▪ Selected Waskita projects :

Bali – Benoa Gempol – Mandara Toll Road Toll Road Pasuruan Toll Road

WBP is supplying precast concrete to support the WBP has business activities in the field of execution of Waskita’s projects, including WTR toll roads, marketing, production, design, development and hence the quality of concrete can always be maintained. expedition of precast. ▪ Currently, WBP is one of the biggest precast and WTR collaborates with Waskita, as the contractor readymix concrete manufacturing in Indonesia. of the projects, which ensures the projects ▪ WBP has 11 concrete plants with the production completion time and quality. capacity of 3.25 million tons every year. ▪ Selected WBP Projects: Enhancing WTR's ability to complete the project on schedule with the best quality Nusa Dua – Gempol– Gempol – Ngurah Rai Toll Porong Toll Pasuruan Toll

2 Overview of PT Waskita Toll Road (“WTR”)

Currently, WTR owns 15 toll roads, of which 13 toll roads are already in operation and when all of the projects are completed, it will become a leading toll road company with a total length of +771,27 km.* CORPORATE STRUCTURE* Transjava Sumatera Area 40.00% 39.50 % 60.00% 30.00% 98.18% PT Waskita Toll Road (“WTR”), established PT PT PT PT Hutama PT on June 19, 2014 is a subsidiary of Waskita Jasamarga Waskita Pemalang Marga Waskita that focuses on investing and managing toll Semarang Trans Jawa Batang Tol Waskita Sriwijaya road in Indonesia. Batang Toll Road Road Tol 81,475% ("JSB") (“WTTR”) (“PBTR”) (“HMW”) (“WST") WTR business growth strategy is through the acquisition of toll road concessions that 99.99% 77.69% 99.99% are still greenfield projects, initiation of PT PT PT Trans unsolicited projects, and participation in Pejagan Semesta Jawa bidding project tender. Pemalang Marga Paspro Tol Road Raya Jalan Tol VISION (“PPTR”) (“SMR”) ("TJPJT") To be a leading company in Indonesia in toll road investment. 7,904% 10,621% Non Transjava 69.70% 55.00% 90.00% 18,20% 35.00% 99.99% MISSION PT PT Kresna PT Cibitung PT PT Citra Continously increasing company value Tanjung Cimanggis Cinere PT Trans Kusuma Waspph through : Dyandra Priok Port Cibitung Serpong Jabar Tol utowa Marga Tollways Tollways Jaya ("TJT") ("CW") 1. Competent Human Resource ("KKDM") (“CTP”) ("CCT") ("CSJ") 2. Integrated Systems and Technologies 15.00% 99.82% 3. Synergies with business partners PT Citra 4. Innovation Karya PT Waskita Bumi Wira Jabar Tol (“WBW") (“CKJT”)

3 *as of March 21 WTR’S INVESTMENT IN TOLL ROAD

HMW (Kuala Tanjung-Tebing Tinggi-Parapat) 143.25 km

WST (Kayu Agung- Palembang-Betung) 111.69 km

PT Waskita Transjawa Toll Road TJPJT SMR PPTR (Pasuruan- (Kanci-Pejagan) (Pejagan-Pemalang) Probolinggo) 35.00 km 57.5 km 43.75 km

KKDM (Bekasi-Cawang- PBTR Kampung Melayu) (Pemalang-Batang) CCT 16.02 km 39.20 km (Cimanggis- Cibitung) 25.38 km JSB (Batang-Semarang) CSJ 75.00 km (Cinere-Serpong) 10.14 km Full Operation

Partial Operation CW (-Antasari) Under Construction 27.95 km

CKJT TJT WBW CTP (Cileunyi-Sumedang- (Ciawi-Sukabumi) (Krian-Legundi- (Cibitung- Dawuan) 54.00 km Bunder-Manyar) Cilincing) 60.10 km 38.29 km 34.00 km

▪ The main players of toll road industry are (i) Jasa Marga (±1,527 km toll road in 2018)*, (ii) Waskita (±771,27 km for 15 toll roads through WTR in April 2021), (iii) Hutama Karya (±650 km in 2019)**. ▪ Besides , WTR is also active in developing toll roads in Sumatra, namely Kayu Agung-Palembang-Betung toll road (111.69 km), and Kuala Tanjung – Tebing Tinggi – Parapat toll road (143.25 km). 4 * Public Expose of Jasa Marga September 2018 **Public Expose of Hutama Karya 2019 GOVERNMENT’S SUPPORT TO ACCELERATE TOLL ROAD DEVELOPMENT As one of the strategic project, the Government gives full support, both in investment and regulation side, for the toll road development in order to boost connectivity and lower the logistic fee. NEW REGULATION TO TOLL ROAD MASTER PLAN ACCERELATE LAND ACQUISITION The government has ed to operate 6,115 km toll roads on 2025. In 2016, the government issued new regulation to accelerate land Therefore, each of toll road construction will be supported by the acquisition process, which is currently a main obstacle in the government to achieve. completion of toll road projects. Ministry of Public Works & Housing Regulation KALIMANTAN Number 18/PRT/M/2016 SUMATERA 99 Km SULAWESI ▪ The land acquisition for toll road construction is the 2,865 Km 107 Km responsibility of the Government and the fund may be originating from the State Budget, which can be covered first by Business Entity. JAWA BALI 2,815 Km ▪ The land acquisition fund for Toll Road construction is 229 Km provided by the Government through the appointed Toll Road Operating in 2025 = 6.115 Km agencies, which is the Public Service Agencies (BLU) of Estimated Investment Cost = USD 51,642 Million State Asset Management. Source: Ministry of Public Work and Housing ▪ In the case of Public Service Agencies of State Asset GOVERNMENT’S ROLE Management referring to sentence yet to operate, the Business Entities could use the Business Entity’s fund for land acquisition. Regulator Funding Guarantee ▪ Public Service Agencies of State Asset Management will reimburse the business entity’s fund that used for land acquisition.

▪ The Commitment Maker Official of land acquisition (”PPK Pengadaan Lahan”) will be in charge to execute the land acquisition and will provide compensation to the holders of land rights.

5 INFORMATION SUMMARY

Toll Estimated Estimated Ownership No Subsidiaries Toll Road Route Length Investment Equity Source % (Km) Cost (IDR Tn) Portion (%) 1 PT Waskita Transjawa Toll Road 39.50 - PT Semesta Marga Raya Kanci-Pejagan 77.69* 35.00 2.5 37 PPJT 2018 - PT Pejagan Pemalang Toll Road Pejagan-Pemalang 99.99* 57.50 7.6 30 PPJT 2020 - PT Transjawa Paspro Jalan Tol Pasuruan-Probolinggo 99.99* 43.75 6.3 40 PPJT 2020 4 PT Cimanggis Cibitung Tollways Cimanggis-Cibitung 90.00 26.18 10.6 30 PPJT 2020 5 PT Cibitung Tanjung Priok Port Tollways Cibitung-Cilincing 55.00 34.76 12.9 30 PPJT 2020 6 PT Cinere Serpong Jaya Cinere-Serpong 35.00 10.14 3.8 30 PPJT 2020 Bekasi-Cawang-Kampung 7 PT Kresna Kusuma Dyandra Marga 69.70 16.02 9.5 35 Business Plan 2020 Melayu 8 PT Trans Jabar Tol Bogor-Ciawi-Sukabumi 99.99 54.00 11.7 30 PPJT 2020 9 PT Citra Waspphutowa Depok-Antasari 18.20 27.95 6.6 32 PPJT 2019 10 PT Citra Karya Jabar Tol Cileunyi-Sumedang-Dawuan 15.00 60.10 8.4 30 PPJT 2017 11 PT Pemalang Batang Tol Road Pemalang-Pekalongan-Batang 60.00 39.20 7.8 30 PPJT 2019 12 PT Jasamarga Semarang Batang Batang-Semarang 40.00 75.00 13,9 30 PPJT 2020 Krian-Legundi-Bunder- 13 PT Waskita Bumi Wira 99.90 38.29 12.9 44 PPJT 2020 Manyar Kuala Tanjung – Tebing Tinggi 14 PT Hutama Marga Waskita 30.00 143.25 14.8 30 Business Plan 2020 - Parapat Palembang – Kayu Agung - 15 PT Waskita Sriwijaya Tol 98.18 111.69 22.17 30 PPJT 2020 Betung

6 Note * : WTTR ownership at SMR, PPTR and TJPJT. WTR’S COMMITMENT IN PROJECT SETTLEMENT (1/3) As part of Trans-Java Toll Road, WTR’s concession is spread across 250,45 km which is divided into 5 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”) alongside with the other shareholders.

SMR PPTR TJPJT (Kanci-Pejagan) (Pejagan-Pemalang) (Pasuruan-Probolinggo)

START START START START START START CONSESSION OPERATION CONSESSION OPERATION CONSESSION OPERATION 2008 2010 2014 2016 2017 2019 LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) PERIOD (YEAR) 35 35 57.5 48 43.75 40

JSB PBTR (Batang-Semarang) (Pemalang-Batang)

START START START START CONSESSION OPERATION CONSESSION OPERATION 2016 2018 2016 2018 LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) 75 50 39.2 50

7 WTR’S COMMITMENT IN PROJECT SETTLEMENT (2/3) WTR’s concession in non Trans-Java Toll Road is spread across 520.82 km which is divided into 10 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”) alongside with other shareholders.

KKDM CCT CTP (Bekasi – Cawang – (Cibitung Cilincing) Kampung Melayu) (Cimanggis - Cibitung)

START START START START START OPERATION START OPERATION CONSESSION CONSESSION CONSESSION OPERATION 2016 2017 2015 2020 2018 2021

LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) PERIOD (YEAR) 16.02 45 25.38 35 34.00 50

TJT WBW WST ((Krian – Legundi – Bunder - (Kayu Agung – Palembang – (Ciawi - Sukabumi) Manyar Betung) START START START START START OPERATION OPERATION START OPERATION CONSESSION CONSESSION CONSESSION 2015 2018 2018 2020 2016 2020

LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) PERIOD (YEAR) 54.00 45 38.29 45 111.69 50

8 WTR’S COMMITMENT IN PROJECT SETTLEMENT (3/3) WTR’s concession in non Trans-Java Toll Road is spread across 520.82 km which is divided into 10 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”) alongside with other shareholders.

CW CKJT Cileunyi – Sumedang - (Depok - Antasari) Dawuan START START START START CONSESSION OPERATION CONSESSION OPERATION 2016 2018 2018 2021 LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) 27.95 40 60.10 40

HMW Kuala Tanjung – CSJ Tebing Tinggi - Prapat (Serpong - Cinere)

START START START START OPERATION CONSESSION OPERATION CONSESSION 2019 2022 2017 2021 LENGTH (KM) CONSESSION LENGTH (KM) CONSESSION PERIOD (YEAR) PERIOD (YEAR) 143.25 40 10.14 35

9 Thank You

Investor Relations PT Waskita Toll Road Gedung Waskita Rajawali Tower Lt.7 M.T Haryono Kav. 12-13 RT.04/RW.011 Timur, Indonesia 1333 Phone: +6221 851 555 6/8 Email : [email protected] 10