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Corporate Presentation June 2020 PT Intiland Development Tbk Intiland. Developing Your World. Intiland Tower Jakarta Table Of Contents Section 1 Company Overview 3 Section 2 Strategy 9 Section 3 Key Investment Highlights 12 Section 4 Key Financials 33 Section 5 Appendix 37 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to our existing and future products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause our actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we expect to operate in the future. We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statements contained herein to reflect any change in our expectations with regards hereto or any change in events, conditions or circumstances on which any such statements is based. This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only. This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/or purchase any shares in any proposed venture. 2 Session 1 Company Overview SQ Res PT Intiland Development Tbk ( “ Intiland ” ) Since 1983, Intiland has established a long and successful track record over 61 projects, as a trend-setter and innovator with high quality award- winning projects in Jakarta and Surabaya Over 3 decades of • First established in 1983 under the name of PT Wisma Dharmala Sakti, Intiland has a long operating track record of c.40 yrs operating history • Listed on the IDX since 1991 with market capitalization of Rp1.9tn (~USD136m)* as of Jun 30, 2020 • South Quarter, the integrated mixed use development in TB Simatupang, South Jakarta CBD • Graha Famili, the first golf-themed luxurious residential development in Surabaya Developer with high • Aeropolis, the integrated mixed use development in Soekarno-Hatta's international airport area (only 500 meters away) quality projects in Indonesia • Regatta, a luxury sea-front condominium in Jakarta • Pantai Mutiara, the reclaimed housing development with canal bay (in South East Asia) • Intiland Tower Jakarta, a "green" building in CBD Jakarta designed by Paul Rudolph with direct MRT station access Large, strategically • Over 2,000 ha of remaining land bank spread across key locations in Jakarta, Greater Jakarta, Surabaya and Greater Surabaya located land bank Well-diversified • Successfully developed over 61 projects in Jakarta and Surabaya across a wide spectrum of sub-sectors including landed residential portfolio townships, office towers, high-rise apartments, hospitality, industrial estates as well as sports and golf club management Revenue breakdown (as of Jun 30, 2020) Land bank breakdown (as of Jun 30, 2020) 14% 14% 20% 20% 20% Rp 1,510bn 50% Rp 1,510bn 2,041ha 0% 67% 17% 80% ■ Mixed use and high rise ■ Houses and land ■ Other** ■ Development Revenue ■ Other** ■ Jakarta & Greater Jakarta Area ■ Industrial estate ■ Investment properties ■ Recurring Revenue ■ Surabaya & Greater Surabaya Area *Based on an IDR/US$ conversion rates of 14,302 which is the middle of the buying and selling foreign exchange transaction rates announced by Bank Indonesia on Jun 30, 2020 4 **A contribution of Rp 208.4bn (14% of the Revenue) derived from the impact of the implementation of the new accounting standard Key Corporate Milestone 2018 1974 2014 2007 Started the Soft launched Founder Hendro S. SQ Res apartments, Corporate 2011 construction of Gondokusumo a second-stage restructuring; Launched South Praxis, Surabaya started first development of the Rp1.1tn Quarter, a new development of South Quarter outstanding debt integrated mixed- Started development Cilandak Garden integrated zone Housing in South converted to 2.2bn use development of Spazio Tower, 2017 Jakarta shares; Rebranding in South Jakarta Surabaya Received Rp750bn 1990 to PT Intiland 1981 from GIC for the Branched into Development Tbk; Started Commenced the first phase of the Industrial Estate New CEO and BOD development of first property share issuance of with the appointed Aeropolis, near development in 241,481 shares commencement of Soekarno-Hatta Obtained a Surabaya, Darmo (32.66% stake) in Ngoro Industrial International syndicated loan Baru Housing PT Putra Sinar Park Airport Indonesia Top 50 amounting to Project Public Companies in Permaja, which Rp2.8 trillion from 2016 owns South 1982 2008 the 2015 Indonesia PT Bank Negara Launched new Quarter Project Development of Completion of Best of the Best Indonesia (Persero) project, The (Phase I & II) Taman Harapan Regatta phase I Awards, Forbes Tbk and PT Bank Rosebay, Surabaya Indah Indonesia Central Asia Tbk 1970 – 2007 – 2011 – 2014 – 2018 – 1990s 2016 2017 1980s 2010 2013 2015 2019 1983 1991 2010 2013 2015 Started the Launched new 2019 Establishment of Listed on Indonesia Rights Issue III with Started South Quarter development of project, 57 Forged a new the company under Stock Exchange the value of Rp2.7 development of receives Gold – Graha Natura Promenade Phase I strategic partnership the name PT Wisma trillion 1Park Avenue Design Recognition Edenia, Surabaya in Kebon Melati, with PT Menara Dharmala Sakti condominium in certification from Central Jakarta Prambanan for the Stock split 2:1. From South Jakarta Green Building development of 1986 5.1bn shares to Council Indonesia mixed-use and high Completion of Entered into a JV 10.2bn shares Initial Public Bonds (GBCI) rise project, Poins Intiland Tower with GIC, for the 1992 offering worth Square, in South Jakarta ownership and Launching of Graha Started Rp500bn Completion of South Jakarta. development of Famili, a prestigious development of Quarter Phase 1, 1989 the first phase of, Signed a CSPA to sold housing area in Graha Natura 2014 Jakarta Second public Started 57 Promenade, 9% stake in South Surabaya Phase 1, Surabaya Divested 60% bonds offering development of the Jakarta Quarter worth shares of PT worth Rp590bn first canal estate in Rp244bn to Reco Kris Completion of Whiz Intiland Infinita, South East Asia, Private Limited. Hotel Yogyakarta, the parent Entered into a JV Pantai Mutiara, the first hotel by company of with GIC, for the Sold shares and North Jakarta PT Intiwhiz Intiwhiz Hotel ownership and receivables of a 1997 International Chain Launching of Graha development of subsidiary who Completion of Golf Condominium the first and operates National Intiland Tower project in Graha second phase of Hospital in Surabaya Surabaya Famili, Surabaya South Quarter, valued at Rp636bn. development Jakarta 5 Corporate Structure CGS-CIMB Securities Hendro S. PT Bina Yatra Bali Private Villa (s) Public < 5% (Singapore) Pte Ltd Gondokusumo Sentosa Pte, Ltd 15.14% 15.00% 12.35% 7.48% 50.03% Total Issued Shares : 10,365,854,185 shares (6) PT Intiland Development Tbk Market Capitalization as of Jun 30, 2020 : Rp 1.9 tn (~USD 136 mn) @Rp 188 Book Value as of Jun 30, 2020(6) : Rp 6.0 tn (~USD 421 mn) @Rp 581 RNAV as of Dec 31, 2017(6)(7) : Rp 20.8 tn (~USD 1,459 mn) @Rp 2,012 Intiland Tower Intiland Tower Jakarta Surabaya 36.6% 100.0% 100.0% 100.0% 30.0% PT Raharja Mitra PT Taman PT Intiland Grande PT Intiland Esperto PT Intiland Infinita Others Familia Harapan Indah 57 Promenade Ngoro Industrial. Intiwhiz Hotel Aeropolis 1 Park Avenue Graha Natura Spazio Tower Serenia Hills (Phase 1)1 Park Chain5 33.4% 49.0%2 South Quarter Regatta3 Praxis Graha Golf The Rosebay4 & SQ Res 2 100% ownership <100% ownership Notes: 1. 57 Promenade (Phase I) is jointly held and developed by PT Raharja Mitra Familia (36.63% stake), GIC's affiliate (33.40% stake) and PT Galang Gema Pradana (29.97% stake) 2. South Quarter is jointly held and developed by PT Putra Sinar Permaja (51% stake), GIC's affiliate (49% stake) 3. Regatta is held by Badan Kerjasama Mutiara Buana (BKMB), a 50-50 JO partnership between PT Taman Harapan Indah and PT Global Ekabuana 4. The Rosebay is held by PT Grande Family View, a 75%-owned subsidiary of PT Intiland Grande 5. The Intiwhiz Hotel Chain is operated by PT Intiwhiz International, a subsidiary of PT Intiland Infinita 6. Based on an IDR/USD conversion rate of 14,302 which is the Jakarta Interbank Spot Dollar Rate (JISDOR) benchmark on Jun 30, 2020 7. The company appraised its major assets on Dec 31, 2017, primarily done by Knight Frank and Jones Lang LaSalle 6 Core Portfolio The Company develops various products classified into mixed use & high rise, landed residential, industrial estates and investment properties. Some of the existing and future projects are as follows: Mixed Use & Landed Industrial Investment High Rise Residential Estates Properties • Serenia Hills • South Quarter • SQ Res ● • Aeropolis Technopark • Intiland Tower Jakarta • Talaga Bestari • Aeropolis ● • Pinang Apartment ● • South Quarter • Magnolia Residence • ● ● • 57 Promenade ● 57 Promenade Phase 1 • West One City • South Grove • 1 Park Avenue • Serenia Hills