PT Acset Indonusa Tbk Performance Update FY 2016

Integrated Construction Company 24 February 2017 Disclaimer

The material in this presentation has been prepared by PT Acset Indonusa Tbk (ACSET) and is general background information about ACSET activities 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 your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to ACSET 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 reliable indication of future performance. ACSET 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 ACSET 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.

Performance Update, FY 2016 2 Contents

Company Profile Business Profile & Operations

Business Strategy Financial Highlights & Updates

Performance Update, FY 2016 3 Company Profile

Performance Update, FY 2016 4 Overview

Indonesia’s Leading Integrated Construction Company

PT Acset Indonusa Tbk (“ACSET”) is an integrated construction company, providing technical and construction services in building, civil engineering, foundation and ground engineering specialist works.

ACSET is one of the few construction groups in with the capability to provide services that spans across the entire value chain, and even been able to diversify ACSET's business lines in high-rise controlled-demolition business and infrastructure-related works.

Our niche is in our capability to integrate the specialist works and general construction works effectively to produce the most efficient and cost effective construction; and this differentiates us from others.

Performance Update, FY 2016 5 Milestones

For the past 22 years, ACSET has been striving to become the pioneer in providing integrated construction solutions to its clients.

Performance Update, FY 2016 6 Bagian dari Grup Bisnis Terbesar di Indonesia

Manufacture & Distribution (Market Share 50% for cars and 69% for motorcycles) Construction Machinery Market Leader Banking, general and life insurance, (36% market shares) leasing company

Mining Contracting An Integrated Construction Company Market Leader (48% CPO producer, 1million ton for Foundation, Structures, market shares) Infrastructures

Concession: toll-road, clean water and port Coal Mining IT Hardware, software, consulting and Coal reserved 395 million document solution ton

Property developer and building management *Source: PT Astra International Tbk & PT United Tractors Tbk 2015 Annual Report

Performance Update, FY 2016 7 Shareholding Structure

Aneka Raya Konstruksi Mobilindo (ARK) Tower Crane & Passenger 99.9% Hoist Rental 100.0% 0.01% Foundation & Specialist Karya Supra 0.1% 99.9% Acset Pondasi Indonusa Works Perkasa

84.0% Formwork Sales, Rental & Innotech System Contractor 50.1% 92.3% Sales & Rental of Heavy Sacindo Machinery Equipment

100.0% Foundation & General Acset Indonusa Co., Ltd. (Vietnam) Contractor

55.0% Concrete Pumping Services 49.9% ATMC Pump Service

Mechanical, Electrical & Bintai Kindenko Engineering Indonesia Plumbing (MEP) Contractor 40.0% Public

Performance Update, FY 2016 8 On-Going Projects

Toll Gate & Office, Rajawali Royal Mojokerto-Kertosono Apartment, Palembang

Mixed-use development Green Sedayu Taman Kebon Sirih, Palem, Jakarta Millenium Centennial Kino Office Tower, Bored-pile flyover Tower, Jakarta Toll Gate & Office, Alam Sutera Puri Mansion, Jakarta Cilegon Barat Artotel Hotel, Bali

Astra Biz Centre, BSD Sedayu City, Kelapa Gading, Jakarta Jalan apartments West Vista, Jakarta Indonesia 1 Tower Setiabudi Skygarden Thamrin Nine, Jakarta Foundation Construction International Financial Centre Tower-II, Jakarta Infrastructure Lot 28, SCBD Demolition Langham Lot 13, SCBD Mechanical, electrical, and plumbing Hotel Harris & Yello

Pesona Square, Depok

Performance Update, FY 2016 9 Management

ACSET is managed by a dedicated professional, experienced team.

BOARD OF COMMISSIONERS BOARD OF DIRECTORS

TAN TIAM GIDION HASAN HERJADI SENG RONNIE President BUDIMAN Commissioner President Director Director

BAMBANG JEFFREY GUNADI WIDJANARKO CHANDRAWIJAYA NILAWATI IRJANI E. S. Vice President Director President Director Commissioner

ROBERT HILARIUS MULYONO WILTARSA HALIM ARWANDHI Independent Independent Director Director Commissioner

Performance Update, FY 2016 10 Organizational Structure

Board of Commissioners

Audit Committee Corporate Board of Directors Secretary

Corporate Audit

Corporate Legal

Business Development

Operation & Marketing Independent Finance Director HC Director Director Director

Project Management Finance & HC, GA, ESR Procurement Group Project Support & Representative Accounting Division Division Division Plant Division (ISO) Marketing & Foundation IT & Customer Project Management Engagement Division System Division Division

Performance Update, FY 2016 11 Business Profile & Operations

Performance Update, FY 2016 12 Areas of Expertise

CONSTRUCTION BUSINESS

General Civil Foundation Infrastructure Demolition Building Engineering Other Works Works Works Works Works Works

Geotechnical Mechanical, Electrical Toll Roads Works & Plumbing

Construction Heavy Equipment Sales and Bored Piling & Marine Works Rental (Tower Crane/ Diaphragm Wall Concrete Pump/Passenger Hoist) Waterproofing & Slip Forming/ Power Plants Driven Pilling Formwork System Pre-Stressing/ Bridge Post- Tensioning

Performance Update, FY 2016 13 General Building Works

Performance Update, FY 2016 14 Civil Engineering Works

Performance Update, FY 2016 15 Bored Piling & Diaphragm Wall

Performance Update, FY 2016 16 Infrastructure Works

Performance Update, FY 2016 17 Marine Works

Performance Update, FY 2016 18 Slipforming & Formwork System

Performance Update, FY 2016 19 Demolition Works

Performance Update, FY 2016 20 Current Project Portfolio: Foundation Projects

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1. Indonesia 1, Jakarta 12. Pakubuwono House, 2. Millenium Centennial Pakubuwono Signature,

Tower, Jakarta and Pakubuwono House, 20 19 3. Taman Anggrek Jakarta Residences, Jakarta 13. Ciputra World, Jakarta 4. Mangkuluhur City, Jakarta14. , Jakarta 5. SBCD Lot 10, Jakarta 15. Pacific Place, Jakarta 6. Thamrin Nine (phase I-II), 16. Plaza Sudirman, Jakarta Jakarta 17. Pasar Tanah Abang 7. St. Regis, Jakarta (blocks A and B), Jakarta 3 8. Bahana Office Tower, 18. Estella Residential 1 17 2 6 Jakarta Development Project, Ho 10 13 8 5 9 14 9. District 8 Senopati, Chi Minh City, Vietnam 7 15 11 4 16 Jakarta 19. Approach bridge of 12 10. Sahid Sudirman Center, Suramadu Bridge, 11. Botanica Residences, 20. Plaza Ambarukmo, Jakarta

Performance Update, FY 2016 21 Current Project Portfolio: Structural Projects

1. Indonesia 1, Jakarta 13. Residence 8 @ Senopati 17 2. Millenium Centennial Tower, Office and Apartment,

Jakarta Jakarta 14 15 18 19 3. Thamrin Nine, Jakarta 14. Astra Business Centre, 16 21 4. District 8 Mixed-Use and Tangerang 20 Langham Tower 15. BG Junction Supermall Development, Jakarta Pakuwon, 5. Equity Tower, Jakarta 16. Supermall PTC Pakuwon

6. (phase I-II), Indah, Surabaya 10 Jakarta 17. Sun Plaza, Medan 11 1 7. Gandaria City, Jakarta 18. IV, Surabaya 3 2 8. Pacific Place, Jakarta 19. Artotel Sanur, Bali 5 6 9. New British Embassy, Jakarta 20. TS Suites Hotel and Mall 4 7 8 10. West Vista Apartment, Town Square, Bali 12 13 9 Jakarta 21. Alila Resort, Bali 11. Hotel Harris and Yello, Jakarta 12. Pakubuwono Signature and Pakubuwono House, Jakarta

Performance Update, FY 2016 22 Current Project Portfolio: Civil & Infrastructure

4 3

6

12 1 2 11 13 9 14 15 5 10 8 7

1. Tanjung Priok Access Road (phase II), Jakarta 10. Foundation construction of PT Semen Gresik, East 2. Blending silo of PT Semen Gresik Rembang, Central Java Java 11. Tanjung Jati B Power Plant expansion project (2 x 3. Silo, Packer, and Pen Building of PT Semen 660 MW), units 304, Central Java Indonesia, East 12. Construction of toll gate and transaction line, 4. Port and packing plant, Pontianak Balaraja Timur and Cilegon Barat, Banten 5. Silo of PT Semen Indonesia Tuban II and IV, East 13. Construction of toll gate and office building of Java Kertosono-Mojokerto toll road, 6. Silo of Semen Banjarmasin, South Kalimantan 14. Construction work for additional rows of 7. Silo of Bosowa Mataram, West Nusa Tenggara Manyaran-Jatingaleh toll road, Central Java 8. Silo of PT Semen Gresik Banyuwangi, East Java 15. Construction of Semarang-Solo toll road (phase I), 9. BP Conveyor 604, East Java Semarang-Bawen row (sect. II), Central Java

Performance Update, FY 2016 23 Current Project Portfolio: Demolition Projects

1. CIMB Niaga & Sequis Office Building, Jakarta 2. International Financial Center Tower II Car Park, Jakarta 1 2

Performance Update, FY 2016 24 Current Project Portfolio: MEP Projects

1. Mixed – Use Development Indonesia 1, Jakarta 2. Jakarta MRT Project – 4 stations (Bundaran

Senayan, Istora Senayan, Bendungan Hilir and 1 Setiabudi) 2

Performance Update, FY 2016 25 Financial Highlights

Performance Update, FY 2016 26 Revenue by Sector, 2015-2016

ACSET’s Revenue by Sector, FY 2016 (in IDR billion) ACSET’s Revenue by Sector, FY 2015 (in IDR billion) 86

350 65

450

842 1,358

Construction Sector Foundation Sector Others Construction Sector Foundation Sector Others

Performance Update, FY 2016 27 Annual Revenue by Sector, 2012-2016

ACSET’s Annual Revenue by Sector, 2012-2016 (in % breakdown)

5% 5% 23% 19% 37% 47% 33%

77% 76% 63% 62% 53%

2012 2013 2014 2015 2016 Construction Sector Foundation Sector Others

Performance Update, FY 2016 28 Net Income, 2012-2016

Full-Year Net Income, 2012-2016 (in IDR billion) 120

100 105 99

80

60 68

53 40

42 Net income (IDR billion) (IDR income Net

20

0 2012 2013 2014 2015 2016

Performance Update, FY 2016 29 Financial Highlights, FY 2012-2016

In IDR million 2012 2013 2014 2015 2016 Net revenue 669,906 1,014,502 1,350,908 1,356,868 1,794,002 Gross profit 115,548 207,686 248,939 224,374 279,639 Gross profit margin 17.2% 20.5% 18.4% 16.5% 15.6% Operating profit 75,163 152,919 176,710 130,915 182,096 Operating profit margin 11.2% 15.1% 13.1% 9.6% 10.2% Net income 52,249 99,358 104,690 41,917 68,329 Net income/share (full amt.) 104 199 209 84 111 Total assets 754,771 1,298,358 1,473,649 1,929,498 2,503,171 Total equity 218,211 560,443 645,117 664,859 1,301,225

Performance Update, FY 2016 30 New Contracts 2012-2016

3,773

3,088

1,255 1,621

606

2012 2013 2014 2015 2016

Notable New Contracts, 2016 as follows: FY 2016 • Indonesia 1 • Millennium Centennial Center 37% • Mixed – Use Development Indonesia 1 - MEP Others: • Sedayu City 60% • Kino Office Tower • Grand Mansion Borobudur Apartment 3% • Rajawali Royal Apartment Construction Foundation Others

Performance Update, FY 2016 31 Business Strategy & Updates

Performance Update, FY 2016 32 Our Strong Foundation

Our competitive advantages set us apart from our competitors.

Integrated •The only construction company in Indonesia capable of undertaking works from deepest foundation and basement to high-rise structures (integrated) Experience •More than 22 years of experience Competitive •One of the leading building, foundation, and diaphragm wall specialist contractors in Indonesia Branding •Brand recognition in prestigious and high-end projects with wide client base Management •Experienced and dedicated management team Wide range of capabilities •Capable in handling a wide spectrum of projects Leveraging network •Leverage our nation-wide network through being a member of United Tractors and Astra Group Strong Financial Capability •Backed up by robust financial capability as a member of United Tractors and Astra Group

Performance Update, FY 2016 33 Group Business Strategy

Company or Joint Operation Customers

ACST Reliable Demolition Domestic Company

Infrastructure Foundation Strategic Foundation (Power Plant) Main Customers and ACST Contractor Multinational Company Supporting Construction Works

Infrastructure Construction (Toll Road/High- Domestic/ Value Chain Way, Ports, Foreign with Astra and Dams, Etc Company UT Group

Mechanical, Electrical, and Plumbing Works

Performance Update, FY 2016 34 Building Trust and Partnership

PT Acset Indonusa Tbk. ACSET Building—Jalan Majapahit no. 26 Petojo Selatan, Jakarta Pusat 10160 Indonesia www.acset.co

ACSET is a publicly listed company in the (IDX: ACST).

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