Results Presentation (6M18) Results Summary (Income Statement)

(Rp bn) 6M18 6M17 % YoY Effect of -1% YoY in Property Development segment Revenue 2,805 2,826 -1% and flat Recurring segment

COGS (1,479) (1,423) 4%

Gross Profit 1,326 1,403 -6% Gross Profit Margin 47% 50% Effect of product mix

Operating Expense (780) (815) -4%

Operating Profit 545 588 -7% Effect of decline in Gross Profit Margin Operating Profit Margin 19% 21%

Interest from Ciputra World 2 project fully Interest Income (Expense) - Net (251) (177) 42% expensed after project completion in 3Q17 High-base effect from divestment of Fatmawati project Other Income (Expense) - Net 52 85 -39% for Rp65.9bn in 1Q17 Final Tax and Income Tax (122) (127) -4%

Net Income Before Non-Controlling Interest 225 369 -39% Non-Controlling Interest 49 29 67% Higher revenue recognition from JV projects

Net Income Attributable to Owners 176 340 -48% Net Profit Margin 6% 12%

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

(Rp bn) 6M18 6M17 % YoY Revenue Breakdown Property Development Revenue 1,990 2,013 -1% Houses, shophouses, and land lots 1,518 1,564 -3% Revenue recognition schedule skewed towards 2H18 Apartments 267 344 -22% Near completion of Voila, Orchard, and The Residence projects Office for sale 204 105 95% Construction progress of Tokopedia Care Tower and Kemayoran Tower 1

Recurring Revenue 815 813 0% Shopping malls 373 354 5% Hotels 212 223 -5% High-base effect of Royal Family visit in Raffles Hotel Hospitals 101 76 34% Improving patient volume Office leasing 70 58 21% Newly opened Tokopedia Tower Others 58 102 -43%

Total Revenue 2,805 2,826 -1%

Margin Performance Property Development GPM 46% 48% Houses, shophouses, and land lots 48% 49% Apartments 44% 43% Effect of product mix Office towers 36% 42%

Recurring GPM 50% 55% Shopping malls 61% 70% Effect of lower rental reversions Hotels 38% 42% High-base effect of Royal Family visit in Raffles Hotel Hospitals 44% 49% Office leasing 56% 64% Others 30% 31%

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

Revenue per Segment (6M18) Revenue per Location (6M18)

Greater Office Strata Apartment 7% Strata Shopping 16% 10% Malls 13%

Other Java Hotels 17% 8%

Others 8% Sumatra Houses, 8% Greater Jakarta shophouses, and 56% Sulawesi land lots Others 2% 54% 1%

• Development = 71% (Houses + Apartments + Office) • Sustained focus on geographically diversified • Recurring = 29% (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 29% 24% 5.0 27% 0.8 4.0 18% 18% 16%

3.0 6.1 5.2 5.1 4.7 0.8 2.0 4.2

1.0 2.0

- 2013 2014 2015 2016 2017 6M18

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 11 new clusters/towers in existing projects with a combined presales of Rp1.2tn (38% of 1H18 achievement) • New Clusters / Towers = (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 6M18 presales reached Rp3.3tn (43% of FY18 target)

• 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 a credit rating from Fitch of BB- / Stable Outlook (September 2017)

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

- Business Presentation 6 Pre-Sales Summary Historical Presales Presales per Location (Rp bn) 2017 6M18 9,179 16% 991 27% 28% 24% 7,640 7,722 9% 7,186 431 480 480 11% 3,099 16% 22% 1,625 2,661 2,831 30% 1% 12% 3%

Greater Jakarta Surabaya Other Java 3,312 Sumatra Sulawesi Others 2,945 195 277 5,088 5,081 4,549 1,306 4,411 1,291 Presales per Product

1,811 2017 6M18 1,377

14% 2015 2016 2017 2018T 6M17 6M18 18%

Directly-Owned JO - Profit Sharing JO - Revenue Sharing 18% 12% 66% 66% Units Sold 10,668 8,288 8,645 3,775 5,039 4% 2% Area Sold 104 73 85 44 45 (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% 12% 8% 10% 8% 15% 16%

24% 27% 28% 30% 37% 26% 36% 40% 57% 57% 30% 23% 32% 24% 24%

49% 48% 51% 40% 41% 33% 32% 33% 34% 36%

2014 2015* 2016 2017* 6M18 2014 2015* 2016 2017* 6M18 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 and 2017 excludes en bloc sales to Ascott (Rp835bn and Rp675bn)

- 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 CitraMaja 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 Bagya City 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 3,867 64% 37% CitraRaya Tangerang Yahinoki 5,450 25% 27% CitraLake Suites 17,986 54% 100% CitraGarden City Jakarta Citra Living 9,064 91% 35% Kemayoran Citra Towers 37,955 73% 50% Raffles Residence 41,500 84% 100% Ciputra World Jakarta 1 DBS Bank Tower 19,284 93% 100% Tokopedia Tower 28,000 76% 97% Ciputra World Jakarta 2 The Orchard 36,000 98% 97% The Residence 14,000 97% 98% Ciputra World Jakarta 2 Ext. The Newton 15,800 94% 29% Total unsold Tokopedia Care Tower 24,000 81% 87% San Francisco 21,000 40% 87% high-rise area Ciputra International Office Tower 2 19,500 62% 23% of 144,000 m² Amsterdam 25,500 85% 87% Total Jakarta 318,906 Vieloft SOHO 38,170 34% 24% Office Tower 38,433 63% 5% Ciputra World Surabaya Voila Apartment 35,801 94% 100% The Vertu 9,070 68% 32% CitraLand Surabaya Denver Apartment 22,481 70% 5% Total Surabaya 143,955 Barsa City Yogyakarta Cornell 8,534 36% 2% CitraPlaza Nagoya Tower 1 15,926 93% 1% Vida View Apartment Brentsville 24,640 33% 72% Total High-rise Projects 511,961

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

Net Leasable Occupancy Rate Mall Area (m²) 2013 2014 2015 2016 2017 6M18 Ciputra World Jakarta 1 81,000 100% 100% 100% 100% 100% 100% Total mall NLA of Ciputra World Surabaya 56,000 96% 98% 99% 95% 94% 93% 200k m² with Ciputra Mall Jakarta 42,700 97% 97% 98% 95% 97% 98% average occupancy Ciputra Mall Semarang 20,190 100% 90% 98% 99% 100% 98% Expansion Plans rate of 97% Ciputra Mall CitraRaya Tangerang 26,000 Planned completion end-2019 Ciputra World Surabaya Extension 37,300 Planned completion early-2020

(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 6M17 6M18 % YoY Ciputra World Jakarta 1 (Raffles Hotel) - - 813 1,520 1,458 1,163 -20% Ciputra World Surabaya Hotel - 419 482 504 476 394 -17% Ciputra Hotel Jakarta 453 404 393 391 327 465 42% Ciputra Hotel Semarang 373 400 427 443 407 442 9% CitraDream Hotel Bintaro - - 281 245 230 218 -5% CitraDream Hotel Cirebon 110 135 148 122 116 112 -3% CitraDream Hotel Yogyakarta 279 266 254 160 130 148 14% CitraDream Hotel Semarang 128 179 169 162 144 128 -11% CitraDream Hotel Bandung 152 229 207 148 143 143 0%

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 Jun-18 Fixed Floating Rupiah Currency 23% Total Borrowings: Rp8.0tn 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 5% Hotel 2% Mall 3%

Others Historical Capex 9% Rp tn 2.1 6M18 1.9 0.6tn 0.9 0.6 Land for Development 81% 2015 2016 2017 6M18

• 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 3,290 6,739 6,340 6,443 3,019 2,546 5,077 50% 53% 47% 50% 50% 2,826 2,806 49% 1,403 1,326 47%

2013 2014 2015 2016 2017 6M17 6M18 2013 2014 2015 2016 2017 6M17 6M18 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% 33% 26% 10% 17% 22% 22% 12% -15% -7% 6% 15% 14% 340 176

2013 2014 2015 2016 2017 6M17 6M18 2012 2013 2014 2015 2016 2017 6M18

Net Profit Net Margin Net Debt to Equity Current Ratio

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

Assets 32,881 31,872 29,169 26,259 Cash & cash equivalents 2,986 3,239 3,471 3,034 Land 12,356 11,696 10,109 9,229 Fixed Assets 3,070 3,144 3,034 2,962 Investment Properties 4,938 4,931 4,908 4,521 Others 9,530 8,862 7,647 6,512

Liabilities 17,420 16,322 14,787 13,208 Debt 8,024 7,618 6,662 5,277 Advances from customers 6,874 6,459 5,851 5,732 Others 2,522 2,245 2,274 2,200

Equity 15,462 15,551 14,382 13,050 Minority interests 2,153 2,113 1,688 1,541 Equity net of minority interests 13,308 13,438 12,694 11,510

Debt to Total Equity 52% 49% 46% 40% Net Debt to Total Equity 33% 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 0.33x as of 6M18) 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

CitraMaja Raya Banten

Location Lebak, Banten, West Java Launch November 2014 Development plan 1,200 ha (sold 218 ha) Market segment Middle to middle-low Pre-sales 6M18 Rp 540 billion Selling price per unit Rp 107 million to Rp 1.3 billion Average unit selling price IDR 217 million Average land selling price IDR 1.3 million Unit sold 2,491 units Others Launched new clusters of Legian, Uluwatu and Bedugul in Apr-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 6M18 Rp 525 billion Selling price per unit Rp 508 bllion to Rp 4.9 billion Average unit selling price Rp 2.0 billion Average land selling price Rp 8.8 million Unit sold 267 units Others Launched new clusterrs of Palma Galeria 3 in Feb-18 and North West Central in May 2018. Pre-sales was recorded at Rp474billion.

- Business Presentation 20 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 6M18 Rp 252 billion Selling price per unit Rp 198 million to Rp 2.4 billion Average unit selling price Rp 884 million Average land selling price IDR 4.6 million Unit sold 285 units Others -

- Business Presentation 21 Key Projects 2018

CitraLand City Losari Makassar

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 6M18 Rp 238 billion Selling price per unit Rp 2.2 billion to Rp 57.5 billion Average unit selling price Rp 4.8 billion Average land selling price Rp 14.4 million Unit sold 50 units Others Grand-launching event in Mar-18 to celebrate 100% land reclamation process for 1st phase (100Ha)

- Business Presentation 22 Key Projects 2018

Vertu Apartment Surabaya

Location Ciputra World Surabaya, Surabaya Launch Feb 2018 Development plan 16,600 sqm (SGA) Market segment Middle Pre-sales 6M18 Rp 187 billion Selling price per unit Rp 666 million to Rp 2.7 billion Average unit selling price Rp 1.3 trillion Average selling price Rp 30 million Unit sold 139 units Others A joint-venture project Development consists of 168 units with size ranging from 27 to 84 sqm

- 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 6M18 Rp 133 billion Selling price per unit Rp 930 million to Rp 4.7 billion Average unit selling price Rp 3.0 billion Average land selling price Rp 15.2 million Unit sold 38 units Others -

- Business Presentation 24 Key Projects 2018

Citra Plaza Nagoya Batam

Location Batam, Sumatra Launch Dec 2017 Development plan 6.3 ha (launched 1 tower) Market segment Middle Pre-sales 6M18 Rp 122 billion Selling price per unit Rp 135 million to Rp 1.4 billion Average unit selling price Rp 588 million Average selling price Rp 19.6 million Unit sold 208 units Others A joint-venture project

- 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

- 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 Pekalongan CitraLake JAVA Denpasar CitraTowers Kemayoran Malang Jogjakarta CitraLand CitraGreen Dago CitraLand Ciputra Mall & Hotel CitraLand CitraDream Hotel 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