Results Presentation (9M18) Results Summary (Income Statement)

(Rp bn) 9M18 9M17 % YoY Effect of +9% YoY in Property Development segment Revenue 4,691 4,348 8% and +6% YoY in Recurring segment

COGS (2,401) (2,267) 6%

Gross Profit 2,289 2,081 10% Gross Profit Margin 49% 48% Effect of product mix

Operating Expense (1,121) (1,100) 2%

Operating Profit 1,169 981 19% Operating Profit Margin 25% 23%

Effect of Rp164bn capitalized interest in 9M17 vs. Interest Income (Expense) - Net (403) (245) 65% Rp55bn in 9M18 due to completion of Ciputra World 2 project Other Income (Expense) - Net 80 88 -10% Final Tax and Income Tax (188) (199) -6%

Net Income Before Non-Controlling Interest 657 625 5% Non-Controlling Interest 77 59 32% Higher revenue recognition from JV projects

Net Income Attributable to Owners 580 566 2% Net Profit Margin 12% 13%

- Business Presentation 2 Results Summary (Revenue Breakdown and Margin Performance)

(Rp bn) 9M18 9M17 % YoY Revenue Breakdown Property Development Revenue 3,415 3,146 9% Houses, shophouses, and land lots 2,545 2,476 3% Apartments 540 422 28% Partial revenue recognition from enbloc sale to Diener Syz Office for sale 330 249 32% Construction progress of Ciputra World Office and Kemayoran Tower 1

Recurring Revenue 1,276 1,202 6% Shopping malls 571 575 -1% Hotels 349 334 4% Hospitals 161 121 34% Improving patient volume Office leasing 110 87 27% Newly opened Tokopedia Tower Others 85 86 -1%

Total Revenue 4,691 4,348 8%

Margin Performance Property Development GPM 48% 46% Houses, shophouses, and land lots 51% 49% Apartments 41% 34% Effect of product mix Office towers 35% 35%

Recurring GPM 51% 53% Shopping malls 61% 65% Effect of lower rental reversions Hotels 40% 40% Hospitals 45% 43% Improving patient volume Office leasing 58% 64% Others 30% 28%

- Business Presentation 3 Results Summary (Revenue per Segment and per Location)

Revenue per Segment (9M18) Revenue per Location (9M18)

Greater Apartment Office Strata 7% Surabaya Strata Shopping 22% 10% Malls 13%

Hotels Other Java 8% 15%

Others 8% Sumatra Houses, 7% shophouses, and Greater Jakarta 54% Sulawesi land lots Others 2% 54% 0%

• Development = 73% (Houses + Apartments + Office) • Sustained focus on geographically diversified • Recurring = 27% (Malls + Hotels + Hospitals) revenue sources to minimize concentration risk

- Business Presentation 4 Results Summary (Historical Revenue Breakdown)

Rp tn Development vs. Recurring Revenue

8.0

7.0 1.4

6.0 1.1 1.6 1.7 24% 27% 5.0 27% 0.8 4.0 18% 18% 1.3 16%

3.0 6.1 5.2 5.1 4.7 2.0 4.2 3.4 1.0

- 2013 2014 2015 2016 2017 9M18

Development Revenue Recurring Revenue Recurring as % of Total Revenue

• Continued focus on high-growth core development business and complemented by stable recurring assets

- Business Presentation 5 Key Developments

• Launched 17 new clusters/towers in existing projects with a combined presales of Rp2.3tn (45% of 9M18 achievement) • New Clusters / Towers include = CitraLand Vittorio Wiyung (Surabaya), CitraLand Gama City Phase 2 (), (Surabaya), CitraSun Garden Semarang (Semarang), CitraIndah City Jonggol (South Greater Jakarta), CitraLand Surabaya (Surabaya), CitraLand Cibubur (South Greater Jakarta), CitraGarden Sidoarjo (Greater Surabaya), The Taman Dayu Pandaan (West Surabaya), CitraMaja Raya (West Java), CitraLand The Green Lake Surabaya (Surabaya), CitraLand Talassa City (Makassar), CitraLand Palembang (Palembang)

• Total 9M18 presales reached Rp5.1tn (67% of FY18 target)

• En bloc sale of 253 apartment units to Diener Syz Real Estate in 2 • Booked as Rp575bn presales in August 2018 • En bloc sale of 192 apartment units to The Ascott (CapitaLand) in Ciputra World Jakarta 2 • Booked as Rp675bn presales in October 2017

• Issued SGD150mn Medium Term Note with 4-year maturity and 4.85% coupon rate (September 2017) • SGD35mn for working capital and SGD115mn for refinancing • 100% call-spread

• Received an affirmed credit rating from Fitch of BB- / Stable Outlook (August 2018)

• Completed merger of 2 subsidiaries CTRS and CTRP (January 2017)

- Business Presentation 6 Pre-Sales Summary Historical Presales Presales per Location (Rp bn) 2017 9M18 9,179 16% 20% 991 27% 26% 7,640 7,722 9% 7,186 431 480 11% 480 3,099 16% 11% 32% 1,625 2,661 2,831 30% 1% 0% 5,251 5,147 400 201 Greater Jakarta Surabaya Other Java 1,770 1,915 Sumatra Sulawesi Others

5,088 5,081 4,549 4,411 Presales per Product 2,936 3,176 2017 9M18

14% 2015 2016 2017 2018T 9M17 9M18 17%

56% Directly-Owned JO - Profit Sharing JO - Revenue Sharing 18% 66% 23% Units Sold 10,668 8,288 8,645 5,696 6,663 2% 4% Area Sold 104 73 85 63 55 (Ha) Houses + land lots Shophouses Apartments Office

- Business Presentation 7 Pre-Sales Summary

Presales per Payment Method Presales per Unit Price

6% 10% 11% 12% 14% 8% 10% 7% 15% 16%

24% 27% 30% 30% 26% 36% 40% 38% 57% 57% 30% 21% 32% 24% 24%

49% 48% 49% 40% 42% 33% 32% 33% 34% 36%

2014 2015* 2016 2017* 9M18* 2014 2015* 2016 2017* 9M18* Mortgage Installments Cash < Rp1bn Rp 1-2bn Rp 2-5bn > Rp 5bn • Rising mortgage payment due to higher exposure to • Units below Rp2bn continue to make up majority of end-users and better accessibility to mortgages presales as end-users are targeted *Note: 2015, 2017, 9M18 excludes en bloc sales to Ascott (Rp835bn and Rp675bn) *Note: 2015, 2017, 9M18 excludes en bloc sales to Ascott (Rp835bn and Rp675bn) and Diener Syz (Rp575bn) and Diener Syz (Rp575bn)

- Business Presentation 8 Sufficient Land Bank to Sustain >15 Years of Development

Developed Land Undeveloped Land Land ASP Land ASP Trend Directly-Owned Project (Saleable) (Raw) (Rp mn per sqm) Ha Ha 2010-13 CAGR 2013-17 CAGR 2017 CitraGarden City 83 - 48% 9% 16.1 CitraRaya Tangerang 138 552 63% 10% 3.8 CitraIndah Jonggol 143 139 17% 17% 1.6 CitraLand Cibubur 18 64 - - 3.8 Total Greater Jakarta 382 755

CitraLand Surabaya 405 569 33% 16% 9.9 CitraHarmoni Sidoarjo 120 32 31% 22% 4.6 CitraGarden Sidoarjo 10 5 23% 29% 6.8 Total Surabaya 535 606

CitraGarden Lampung 3 - 28% 3% 2.3 CitraLand Lampung 7 48 - 21% 4.4 CitraLand Pekanbaru 10 - - 15% 4.7 CitraLand NGK Jambi - 2 - 5% 3.2 Ciputra Beach Resort 4 47 - 12% 9.4 CitraLand Palembang - 122 - - 3.2 Total 941 1,580 Total directly-owned land bank of 2,521 Ha Gross (1,500 Ha Net)

- Business Presentation 9 Rights to Additional Land Bank Through Joint-Operation Schemes

Development Land ASP Development Land ASP Joint Operation Project Plan (Ha) (Rp mn per sqm) Joint Operation Project Plan (Ha) (Rp mn per sqm) 2017 2017 CitraLake Sawangan Depok 12 4.4 CitraGrand Senyiur City Samarinda 397 1.6 Total Greater Jakarta 12 CitraGarden City Samarinda 100 2.5 The Taman Dayu Pandaan 600 3.5 CitraLand City Samarinda 93 2.8 CitraLand The Green Lake Surabaya 40 9.0 CitraMitra City Banjarbaru 172 1.1 CitraIndah Sidoarjo 2 3.7 CitraLand Banjarmasin 40 3.4 Total Greater Surabaya 642 CitraGarden Banjarmasin 10 3.1 Citra Maja Raya 1,200 1.3 CitraGarden Aneka Pontianak 27 5.8 CitraLand BSB City Semarang 100 2.7 Citra BukitIndah Balikpapan 21 4.4 CitraGrand Semarang 55 3.9 CitraCity Balikpapan 9 10.5 CitraSun Garden Semarang 17 5.9 CitraLand Denpasar 18 11.6 CitraGarden City Malang 100 3.8 Total Kalimantan + Bali 888 Citra Green Dago 70 3.9 CitraGrand Galesong City Gowa 500 2.0 CitraGarden BMW Cilegon 47 2.9 CitraLand City Losari Makassar 157 14.6 CitraLand Cirebon 45 2.4 CitraLand Talassa City Makassar 69 4.3 CitraLand Puri Serang 43 2.1 CitraLand Celebes Makassar 30 5.4 CitraGarden Pekalongan 10 1.9 CitraGarden Makassar 15 2.6 CitraGrand Mutiara Yogyakarta 9 5.1 CitraLand Palu 17 4.1 CitraSun Garden Yogyakarta 6 7.1 CitraLand Kendari 15 3.5 Total Java Ex-Jakarta Ex-Surabaya 1,702 Total Sulawesi 803 CitraRaya City Jambi 611 1.0 CitraGrand City Palembang 165 2.5 CitraLand Gama City Medan 123 6.5 CitraLand Botanical City Pangkalpinang 57 1.8 Citra AeroLink Batam 21 3.8 CitraLand Megah Batam 19 3.0 Total JO Land Bank of 5,063 Gross Ha CitraGarden Pekan Baru 20 1.9 Total Sumatra 1,016

- Business Presentation 10 High-rise (Apartment and Office - Strata Title)

Total Saleable Sold Construction High-rise Project Tower Area (sqm) % Progress Suginoki 3,900 60% 73% CitraRaya Tangerang Yahinoki 5,500 36% 67% CitraLake Suites 18,000 56% 100% CitraGarden City Jakarta Citra Living 9,100 93% 35% Kemayoran Citra Towers 38,000 74% 65% Raffles Residence 41,500 84% 100% Ciputra World Jakarta 1 DBS Bank Tower 19,300 93% 100% Tokopedia Tower 28,000 76% 98% Ciputra World Jakarta 2 The Orchard 36,000 98% 99% The Residence 14,000 100% 99% Ciputra World Jakarta 2 Ext. The Newton 15,800 94% 33% Tokopedia Care Tower 24,000 85% 91% Total unsold San Francisco 21,000 41% 90% Ciputra International Propan Tower 19,500 62% 27% high-rise area Amsterdam 25,500 86% 91% Total Jakarta 319,100 of 162,000 m² Vieloft SOHO 38,200 34% 32% Office Tower 38,500 63% 14% Ciputra World Surabaya Voila Apartment 35,800 94% 100% The Vertu 9,100 67% 46% CitraLand Surabaya Denver Apartment 22,500 68% 10% CitraLand Vittorio Surabaya Alessandro Apartment 17,600 38% 1% Alessandro Office 4,800 42% 1% Total Surabaya 166,500 Barsa City Yogyakarta Cornell 8,500 39% 5% CitraPlaza Nagoya Tower 1 22,700 66% 2% Vida View Apartment Brentsville 24,600 33% 72% Total High-rise Projects 541,400

- Business Presentation 11 Healthy Occupancy and Lease Expiry Profile for Malls

Net Leasable Occupancy Rate Mall • Total mall NLA of Area (m²) 2013 2014 2015 2016 2017 9M18 200k m² with Ciputra World Jakarta 1 81,000 100% 100% 100% 100% 100% 100% Ciputra World Surabaya 56,000 96% 98% 99% 95% 94% 92% average occupancy Ciputra Mall Jakarta 42,700 97% 97% 98% 95% 97% 98% rate of 97% Ciputra Mall Semarang 20,190 100% 90% 98% 99% 100% 98% Expansion Plans • 89k m² NLA to Ciputra Mall CitraRaya Tangerang 26,000 Planned completion end-2019 be completed by Ciputra World Surabaya Extension 37,300 Planned completion early-2020 CitraLand Surabaya Mall 26,000 Planned completion end-2021 end of 2021

(m²) Lease Expiry Profile (by NLA)

120,000 54% 100,000

80,000

60,000

40,000 16% 13% 11% 20,000 6%

- 2018 2019 2020 2021 2022 Onwards

- Business Presentation 12 Continued Strong Performance of Diversified Recurring Assets Revenue per Available Room (RevPAR) across hotels Rp '000 2014 2015 2016 2017 9M17 9M18 % YoY Ciputra World Jakarta 1 (Raffles Hotel) - - 813 1,520 1,437 1,393 -3% Ciputra World Surabaya Hotel - 419 482 504 487 430 -12% Ciputra Hotel Jakarta 453 404 393 391 352 482 37% Ciputra Hotel Semarang 373 400 427 443 421 456 8% CitraDream Hotel Bintaro - - 281 245 235 232 -1% CitraDream Hotel Cirebon 110 135 148 122 116 112 -4% CitraDream Hotel Yogyakarta 279 266 254 160 146 150 2% CitraDream Hotel Semarang 128 179 169 162 158 132 -17% CitraDream Hotel Bandung 152 229 207 148 133 151 14%

Hospital Assets Start Total Capacity Hospital Project Location Remarks Operation Area (Ha) (Beds) Ciputra Hospital Jakarta CitraRaya Tangerang (Greater Jakarta) Nov-11 1.2 126 CTRA's first healthcare project Ciputra Hospital Tangerang CitraGarden City (Jakarta) Dec-15 1.2 236 - Ciputra Mitra Hospital CitraLand Banjarmasin (Kalimantan) Nov-16 1.5 168 JV with Mitra Group

- Business Presentation 13 Debt Profile

Foreign As of Sept-18 Fixed Floating Rupiah Currency 23% Total Borrowings: Rp8.3tn 77% 79% 21%

(Rp tn) 3.0 Maturity Profile (% of total debt) 32% 2.5 Borrowing Cost* 2.0

12.7% 12.1% 11.7% 1.5 10.3% 15% 9.0% 14% 13% 12% 1.0

0.5 4% 4% 3% 2% 0.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Short Term Bank Loan Maturity Long Term Bank Loan Maturity Bonds and Notes Payable Maturity Borrowing Cost

*Borrowing Cost calculation includes capitalized interest expense of Rp72bn, 96bn, 74bn, 131bn, 179bn in 2013, 2014, 2015, 2016, and 2017.

- Business Presentation 14 Capex Schedule

Office for Lease 4% Hotel 1% Mall 3%

Others Historical Capex 8% Rp tn 2.1 9M18 1.9 1.1tn 0.9 1.1 Land for Development 84% 2015 2016 2017 9M18

• Land acquisition capex largely for land reclamation project in Makassar

- Business Presentation 15 Financial Highlights

Revenue Gross Profit (Rp bn) (Rp bn) 3,724 7,514 3,330 6,739 3,290 6,340 6,443 3,019 2,546 5,077 2,289 4,691 2,081 4,348 53% 50% 50% 49% 49% 48% 47%

2013 2014 2015 2016 2017 9M17 9M18 2013 2014 2015 2016 2017 9M17 9M18 Gross Profit Gross Margin

Net Profit Key Ratios (Rp bn)

1,685 1,645 1.9 1.9 1.8 1.6 1,303 1.4 1.4 1.5 1,021 894 27% 28% 34% 26% 566 580 10% 17% 22% 22% -15% -7% 15% 14% 13% 12%

2013 2014 2015 2016 2017 9M17 9M18 2012 2013 2014 2015 2016 2017 9M18 Current Ratio Net Debt to Equity Net Profit Net Margin

- Business Presentation 16 Balance Sheet Summary Rp bn Sept 2018 Dec 2017 Dec 2016 Dec 2015

Assets 33,610 31,872 29,169 26,259 Cash & cash equivalents 2,845 3,239 3,471 3,034 Land 12,940 11,696 10,109 9,229 Fixed Assets 3,057 3,144 3,034 2,962 Investment Properties 4,930 4,931 4,908 4,521 Others 9,837 8,862 7,647 6,512

Liabilities 17,633 16,322 14,787 13,208 Debt 8,347 7,618 6,662 5,277 Advances from customers 7,175 6,459 5,851 5,732 Others 2,112 2,245 2,274 2,200

Equity 15,977 15,551 14,382 13,050 Minority interests 2,281 2,113 1,688 1,541 Equity net of minority interests 13,695 13,438 12,694 11,510

Debt to Total Equity 52% 49% 46% 40% Net Debt to Total Equity 34% 28% 22% 17%

- Business Presentation 17 Growth Strategy

• Retain healthy land bank levels (currently sufficient for >15 years of development) by continuously replenishing land bank in existing projects while searching for new strategic locations

• Sustain wide geographical footprint (currently have a presence in 33 cities) to allow diversification of products and target market while minimizing concentration risk

• Continue to leverage on the Ciputra brand equity by continuing Joint-Operation schemes with land owners

• Maintain prudent capital management (net gearing at 0.34x as of 9M18) with a well-balanced debt maturity profile and mixed sources of funding

• Create innovative product launches to best cater to existing demand by capitalizing on the flexibility given by ample and diverse land bank

• Increase portion of recurring income while simultaneously boost synergy by focusing on complimentary amenities within existing developments (e.g. malls, hospitals, and offices)

- Business Presentation 18 Key Projects 2018

Citra Maja Raya

Location Lebak, Banten, West Java Launch November 2014 Development plan 1,200 ha (sold 218 ha) Market segment Middle to middle-low Pre-sales 9M18 Rp 653 billion Selling price per unit Rp 107 million to Rp 1.3 billion Average unit selling price IDR 244 million Average land selling price IDR 1.3 million / sqm Unit sold 2,676 units Others Launched new clusters of house - Legian, Uluwatu and Bedugul in Apr-18 and shop house - Citra Business Avenue) in Sep-18

- Business Presentation 19 Key Projects 2018

CitraLand Surabaya

Location West Surabaya Launch 1993 Development plan 1,700 ha (sold 723 ha) Market segment Middle to middle-high Pre-sales 9M18 Rp 576 billion Selling price per unit Rp 508 bllion to Rp 5.1 billion Average unit selling price Rp 2.1 billion Average land selling price Rp 8.6 million / sqm Unit sold 270 units Others Launched new clusterrs of Palma Galeria 3 (shop house) in Feb-18 and North West Central (house and shop house) in May 2018.

- Business Presentation 20 Key Projects 2018

CitraLand City Losari

Location Makassar, South Sulawesi Launch October 2015 Development plan 157 ha (sold 30 ha + 50 ha to government) Market segment Middle to high Pre-sales 9M18 Rp 329 billion Selling price per unit Rp 2.2 billion to Rp 57.5 billion Average unit selling price Rp 4.6 billion Average land selling price Rp 14.5 million/ sqm Unit sold 71 units Others Grand-launching event in Mar-18 to celebrate 100% land reclamation process for 1st phase (100Ha)

- Business Presentation 21 Key Projects 2018

CitraRaya Tangerang

Location Tangerang, West of Jakarta Launch 1994 Development plan 2,760 ha (sold 826 ha) Market segment Middle-low to middle-high Pre-sales 9M18 Rp 327 billion Selling price per unit Rp 180 million to Rp 2.4 billion Average unit selling price Rp 807 million Average land selling price Rp 4.5 million / sqm Unit sold 405 units Others -

- Business Presentation 22 Key Projects 2018

CitraLand Vittorio

Location Wiyung, South Surabaya Launch Sep 2018 Development plan 7.5 ha Market segment Middle to middle up Pre-sales 9M18 Rp 259 billion Selling price per unit Rp 347 million to Rp 6.9 billion Average unit selling price Rp 825 million Average selling price Rp 19.2 million / sqm Unit sold 314 units Others A joint venture project First phase development of Alessandro Tower will consist of apartment (512 units), SOHO (110 units) and shop houses (20 units)

- Business Presentation 23 Key Projects 2018

CitraGarden City Jakarta

Location Kalideres, Launch 1984 Development plan 444 ha (sold 364 ha) Market segment Middle to high Pre-sales 9M18 Rp 253 billion Selling price per unit Rp 720 million to Rp 20.8 billion Average unit selling price Rp 2.3 billion Average land selling price Rp 16.7 million / sqm Unit sold 108 units Others -

- Business Presentation 24 Key Projects 2018

CitraIndah City Jonggol

Location South Greater Jakarta Launch 1997 Development plan 780 ha (sold 498 ha) Market segment Middle and middle low Pre-sales 9M18 Rp205 billion Selling price per unit Rp135 million to Rp1.3 billion Average unit selling price Rp205 million Average land selling price Rp1.8 million / sqm Unit sold 573 units Others Launched new cluster – Salvia in Jan-18

- Business Presentation 25 Appendix

A: New Corporate Structure Post Merger

B: Corporate Milestones

C: Competitive Strength

D: Project Portfolio

E: Management Team

F: Company Awards

G: Macroeconomics New Corporate Structure Post Merger

PT Sang Pelopor Public & Affiliates

52% 48% (18,560,303,397 shares @ Rp 250)

99.99% PT CIPUTRA RESIDENCE 98.33% PT CIPUTRA ADIGRAHA 99.99% PT CIPUTRA RAYA & Subsidiaries & Subsidiaries SEJAHTERA & Subsidiaries

99.99% PT CIPUTRA NUSANTARA 98.99% PT SARANANEKA 7.43% INTERNATIONAL CITY & Subsidiaries INDAHPANCAR DEVELOPMENT PTE. LTD.

Others 99.99% PT CIPUTRA GRAHA MITRA 81.85% PT CIPUTRA SENTRA & Subsidiaries & Subsidiaries

Residential 99.10% PT CIPUTRA SEMARANG & Subsidiaries

92.34% PT CIPUTRA ADIBUANA

60% PT DWIPA TUNASBUMI ABHUYUDAYA

Commercial

- Business Presentation 27 Corporate Milestones

Capital raising & corporate actions -> STRENGTHEINING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION………..

2006 : - Issuance of 2.4 billion shares without pre-emptive rights for debt settlement - Rights Issue II 2007 : IPO of PT Ciputra Property Tbk (CTRP) 2015 : Share dividend distribution 2016 : Share dividend distribution Merger plan with CTRS and CTRP 1997 : Economic crisis hit Indonesia. Start of debt restructuring process Developed and launched: 1999 : PT Ciputra Surya Tbk (CTRS)’s listing on 2007 : Ciputra World Surabaya 1994 : IPO and listing on JSX JSX 2008 : Ciputra World Jakarta 1995 : Issuance of Notes (US$ 100 million) 2000 : Bonus shares distribution 2009 : CitraLand Celebes Makassar, our first 1996 : - Rights issue I project in Sulawesi Developed and launched: - Listing on SSX 2011 : Ciputra Hospital Tangerang, our first health 2005 : CitraGarden Lampung in Sumatra and - Issuance of bond (Rp 150 billion) care project Established under the name CitraGarden Banjarmasin in Kalimantan, - Issuance of TLCF (US$ 25 million) 2012 : CitraDream Hotel Cirebon, our first budget of PT Citra Habitat marking the beginning of business (Transferrable loan certificate facility) hotel Indonesia expansion outside of Java 2013 : Ciputra Beach Resort Bali, our first resort Developed and launched: h development 1984 : CitraGarden City, our first project, in West Jakartaz 2015 : CitraLand City Losari in Makassar, our first 1993 : - CitraLand, our first and largest township project in Surabaya reclamation residential project - Ciputra Mall & Hotel Jakarta, our first commercial project 2016 : Ciputra Mitra Hospital, our first health care 1994 : CitraRaya Tangerang, our largest township development project in Kalimantan project, covering an area of more than 2,700 ha

Project Development -> OVER 30 YEARS EXPERIENCE………..

- Business Presentation 28 Geographically Diversified Project Portfolio

CitraLand Bagya City CitraGarden CitraLand Celebes CitraLand CitraLand CitraGarden CitraGarden BizPark Commercial Estate Vida View Apartment CitraGrand Galesong City CitraLand NGK Ciputra Mitra Hospital CitraLand City Losari CitraRaya City CitraLand Talassa City Citra BukitIndah CitraGrand City CitraLand CitraLand Megah CitraCity CitraLand Citra AeroLink CitraLand City Citra Plaza CitraGrand Senyiur City Medan CitraLand Botanical City CitraGarden City CitraGarden CitraMitra City CitraLand Pekan Baru projects in 33 cities Batam CitraGarden Aneka Jambi KALIMANTAN Samarinda Pontianak Balikpapan Palu Palembang Bengkulu Banjarmasin Pangkalpinang B. Lampung Makassar Kendari Banjarbaru Tangerang Jakarta CitraGarden City Lebak Depok Cirebon Cilegon Tegal CitraRaya Serang Surabaya Semarang Sidoarjo CitraIndah Bandung Pandaan CitraLake Pekalongan JAVA Denpasar CitraTowers Kemayoran Malang Jogjakarta CitraLand CitraGreen Dago CitraLand Ciputra Mall & Hotel CitraDream Hotel CitraLand CitraGarden Somerset Grand Citra The Nivata Ciputra World CitraLand CitraGarden BMW C CitraHarmoni Ciputra Hospital CitraSun Garden Ciputra Beach Resort Ciputra Hospital CitraGarden CitraLand CitraGrand Mutiara DIPO Business Center CitraIndah CitraDream Hotel The Taman Dayu CitraDream Hotel CitraDream Hotel Ciputra International CitraLand Green Lake Townships & 56 residential projects Ciputra World 2 Extension CitraSun Garden Ciputra Golf Ciputra Mall & Hotel Ciputra World CitraDream Hotel CitraGrand Commercial property CitraMaja Raya CitraLand BSB CitraGarden City 19 projects CitraLand Puri

- Business Presentation 29 Greater Jakarta Project Portfolio

- Business Presentation 30 Competitive Strength

BUSINESS PROSPECT

Increase in Change in Availability in Potential Stable Urbanization Government housing customers’ mortgage economic political trends stimulus plan needs lifestyle facility growth outlook

We are well positioned in Indonesia’s Focus on real estate business current property outlook Steady launch and development because of of pipeline projects the following factors:

Reputable brand & experienced Most diversified in market targets, management team products offered & project locations

Large land bank at prime locations to support future growth

- Business Presentation 31 Experienced Management Team

Board of Commissioners Board of Directors

DR. Ir. Ciputra Dian Sumeler Rina Ciputra S. Junita Ciputra Candra Ciputra Cakra Ciputra Budiarsa Sastrawinata Harun Hajadi Chairman President

Sandra Hendharto Kodradi Henk Wangitan Thomas Bambang Agussurja Widjaja MI Meiko Handojo Nanik J. Santoso Sutoto Yakobus Independent member Independent member Independent member

Artadinata Djangkar Tanan H. Antonius Tulus Santoso Corporate Secretary

- Business Presentation 32 Company Awards

100 Fastest Growing Company Award Indonesia Top Ten Developers 2017: 2017 2nd Place in Property, Real Estate and Construction Sector

Indonesia Most Innovative Business Award Indonesia Most Admired Companies Award 2017: 2017: Winner in Property and Real Estate Category Winner in Property Category

IAIR Award 2017: Indonesia Most Admired Companies Award Company of the Year 2017: Indonesia Property and Real Estate Top 15

Corporate Image Award 2017: Emiten Pilihan Analis dalam Program The Best in Building and Managing Corporate Image Yuk Nabung Saham 2017 Category: Housing Developer

- Business Presentation 33 Investor Relations Corporate Secretary PT. CIPUTRA DEVELOPMENT TBK

Ciputra World 1 DBS Bank Tower 39th Floor Jl. Prof. DR. Satrio Kav. 3-5 Jakarta 12940 - INDONESIA Phone : +62 21 29885858 / 6868 Fax : +62 21 29888787 Email : [email protected] Website : www.ciputradevelopment.com

- Business Presentation 34 Disclaimer

Any person obtaining this Presentation material, will be deemed to have understood and agreed to the obligations and restrictions herein.

The content of this material are provided on a strictly private confidential basis and shall be the proprietary of PT. CIPUTRA DEVELOPMENT Tbk. Information contained in the material are intended for information purpose and does not constitute or form part of an offer solicitation, invitation or inducement to purchase or subscribe for any securities of the PT. CIPUTRA DEVELOPMENT Tbk. or any contract or commitment whatsoever, and further is not intended to be distributed, reproduced or copied at any time to any party without prior written consent of PT. CIPUTRA DEVELOPMENT Tbk. The communication of this information herein is restricted by law, it is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation in such jurisdiction.

The information and opinions contained in this material have not been independently verified, and no representations or warranties (expressed or implied) is made as to, and no reliance should be placed on the fairness, accuracy, completeness, correctness, omissions of the information or opinions contained herein. It is not the intention to provide and you may not rely on this material as providing a complete or comprehensive analysis of the condition (financial or others), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this material are provided as at the date of this presentation and are subject to change without any notice. The company (including any of its subsidiaries, shareholders, affiliates, representatives, partners, directors, employees, advisers or agents) shall have no responsibility or liability whatsoever (in negligence or otherwise) for any direct, indirect or consequential loss and/ or damages arising from the use of this materials, contents, information, opinions or communication therewith.

This presentation may contain forward-looking statements and assumptions that are subject to various risks and uncertainties which may change over time and in many cases are outside the control of the company. Therefore, actual performance, outcomes and results may differ materially from those expressed in the statements. You are advised and cautioned not to place undue reliance on these statements, which are based on current view of management on future events.

- Business Presentation 35 @ PT Ciputra Development Tbk