Nomura ASEAN Virtual Conference (3 March 2021) One of Indonesia’s Leading Property Developer Property Development for Sale Township Residential Condominium Office Core Business Commercial Property Development & Management Shopping Hotel ServicedServiced Office Others Mall ApartmentApartment - Business Presentation 2 Geographically Diversified Project Portfolio Kalimantan CitraGrand Senyiur City Samarinda CitraLand Banjarmasin Over 75 projects CitraGarden City Samarinda CitraGarden Banjarmasin CitraLand City Samarinda CitraGarden Aneka Pontianak in 33 cities across Medan CitraMitra City Banjarbaru CitraCity Balikpapan the nation. Pekanbaru Batam Sumatra Sulawesi CitraLand Gama City Medan Samarinda Jambi CitraPlaza Nagoya Batam CitraLand City Losari Makassar Pontianak Palu CitraLand Megah Batam Pangkal Pinang CitraLand Talassa City Makassar Balikpapan CitraRaya City Jambi Palembang CitraLand Celebes Makassar CitraLand NGK Jambi CitraGarden Makassar CitraLand Lampung Bengkulu Banjarmasin Vida View Makassar CitraGarden Lampung CitraGrand Galesong City Gowa CitraLand Palembang CitraLand Palu Banjarbaru Kendari CitraLand Pekanbaru CitraLand Kendari CitraGarden Pekanbaru Bandar CitraLand Botanical City Pangkal Lampung Makassar Pinang Jakarta Cirebon Maja Semarang Pekalongan Surabaya Bali Yogyakarta Malang Ciputra Beach Resort Denpasar Java CitraRaya Tangerang CitraGarden City Jakarta CitraLand BSB City Semarang CitraLand Surabaya CitraLand Driyorejo CBD CitraIndah City Jonggol Ciputra World Jakarta CitraGrand Semarang Ciputra World Surabaya The Taman Dayu Pandaan CitraLand Cibubur Ciputra Puri International CitraSun Garden Semarang CitraLand Vittorio Surabaya CitraHarmoni Sidoarjo Citra Sentul Raya Citra Towers Kemayoran Barsa City Yogyakarta CitraLand The Green Lake CitraGarden Sidoarjo Citra Maja Raya CitraLand Cirebon CitraSun Garden Yogyakarta Surabaya CitraIndah Sidoarjo CitraGarden BMW Cilegon CitraGarden City Malang - Business Presentation 3 Greater Jakarta Project Portfolio - Business Presentation 4 Country Overview Encouraging Macro Conditions Real GDP Growth 5.0% 4.9% 5.0% 5.1% 5.2% 5.0% Robust economic growth accelerating middle class formation and increasing housing demand -2.1% 2014 2015 2016 2017 2018 2019 2020 Home Ownership Loan Outstanding (Rp tn) Housing Loan as % of Nominal GDP 500 16.0% (December 2019) 40% 40% 400 12.0% 300 8.0% 23% 200 4.0% 100 0.0% 3.0% 3.9% 0 -4.0% Dec-2015 Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Home Ownership Loan YoY - RHS Indonesia Philippines Thailand Malaysia Singapore - Business Presentation 6 Favorable Population Structure Population by Age Group and Dependancy Ratio Percentage of population in urban and rural areas 100% 51.1 90% 80% 47.5 47.7 70% 5.0% 6.3% 9.2% 60% 50% 66.2% 40% 67.8% 67.7% 30% 20% 10% 28.8% 25.9% 23.1% 0% 2010 2020 2030 Rural Population Urban Population 0-14 15-64 65+ Dependancy Ratio More than half of the Indonesian population lives in Rising working age population urban areas since 2010 and it is estimated to reach leading to a reduction in almost three-quarters by 2050 dependency ratio and promoting economic growth - Business Presentation 7 Regulatory Support from the Government Increased maximum Loan-to-Value (LTV) Lowered super luxury tax from 5% to 1% to 100% for all mortgages. and increased the threshold from Rp5bn to Rp30bn. Increased limit for mortgages for units Increased price threshold for 20% luxury under construction from 2 to 5. tax from Rp10bn to Rp30bn for Deregulated mortgage disbursement from apartments and from Rp20bn to Rp30bn banks to developers. for houses. Bank Ministry of Provided 100% VAT waiver for houses, shophouses, and apartments priced Indonesia Finance below Rp2bn and 50% VAT waiver for houses, shophouses, and apartments between Rp2bn to Rp5bn. Allowed foreigners to own apartments Loosened the penalty terms for the over Hak Guna Bangunan (HGB) land. developers in the event of customer cancellation. Relaxed the permit requirements for foreigners to be eligible to buy property. Omnibus Provided more flexibility for developers to comply with balanced housing Law regulation through public housing fund. - Business Presentation 8 Company Overview Marketing Sales Summary Historical Presales Presales per Location (Rp bn) 2020 2021T Greater Greater Surabaya Other Surabaya 12% Java 14% Other 7,640 16% Java 7,186 Greater 18% 6,363 Greater Jakarta 6,131 Jakarta Sumatra 2,106 3,092 5,870 41% 5,493 43% 18% Sumatra 15% 2,595 Sulawesi 2,955 Sulawesi 2,826 9% 10% 2,909 Others Others 3% 2% 5,081 4,549 3,768 Presales per Product 3,176 3,045 2,584 2020 2021T 2016 2017 2018 2019 2020 2021T Shophouses Shophouses 5% 5% Apartments Directly Owned Joint Operation Apartments 3% 6% Houses + Office 1% Houses + Office 1% Land Lots Land Lots Units 8,288 8,645 8,545 7,035 5,452 90% 88% Sold Area 73 85 74 67 66 Sold (Ha) - Business Presentation 10 Marketing Sales Summary Presales per Payment Method Presales per Unit Price 6% 10% 7% 6% 7% 15% 12% 15% 15% 19% 24% 21% 29% 29% 30% 40% 32% 36% 37% 31% 30% 21% 39% 24% 32% 53% 49% 48% 48% 50% 43% 40% 36% 34% 31% 2016 2017* 2018* 2019 2020 2016 2017* 2018* 2019 2020 Mortgage Instalment Cash < Rp1bn Rp 1-2bn Rp 2-5bn > Rp 5bn High proportion of mortgage payment due to exposure to Units below Rp2bn continue to make up majority of end-users and accessibility of mortgages presales as end-users are targeted *Note: 2017 and 2018 excludes en bloc sales to Ascott (Rp675bn) and Diener Syz - Business Presentation 11 (Rp575bn) Sufficient Land Bank to Sustain >15 Years of Development Gross Land Land ASP Ownership Land ASP Trend Project Name Bank (Rp mn per sqm) Scheme Ha 2010-13 CAGR 2013-19 CAGR 2019 CitraRaya Tangerang 100% 756 63% 9% 4.3 CitraIndah Jonggol 100% 176 17% 13% 1.8 CitraGarden City Jakarta 100% 118 48% 5% 15.6 CitraGarden Puri Jakarta 100% 18 - - 8.4 CitraLand Cibubur JV - 60% 75 - 1% 3.8 Total Greater Jakarta 1,142 CitraLand Surabaya 100% 836 33% 9% 8.9 CitraHarmoni Sidoarjo 100% 87 31% 16% 5.0 CitraGarden Sidoarjo JV - 60% 13 23% 20% 7.5 Total Greater Surabaya 936 CitraLand Lampung 100% 30 - 13% 5.2 CitraLand Palembang JV - 60% 106 - 11% 3.4 Ciputra Beach Resort JV - 60% 56 - 3% 8.5 CitraLand Pekanbaru JV - 60% 69 - 12% 5.5 CitraLand NGK Jambi JV - 51% 2 - 4% 3.3 Total Others 262 Total Land Bank 2,341 - Business Presentation 12 Rights to Additional Land Bank Through Joint-Operation Schemes Development Land ASP Development Land ASP Joint Operation Project Plan (Ha) (Rp mn per Joint Operation Project Plan (Ha) (Rp mn per sqm) sqm) Citra Sentul Raya 114 4.8 CitraGrand Senyiur City Samarinda 295 1.6 CitraLake Sawangan Depok 12 4.9 CitraGarden City Samarinda 39 2.5 Total Greater Jakarta 126 CitraLand City Samarinda 93 2.3 The Taman Dayu Pandaan 563 4.0 CitraMitra City Banjarbaru 172 1.3 CitraLand The Green Lake Surabaya 40 10.0 CitraLand Banjarmasin 40 4.6 CitraIndah Sidoarjo 2 3.7 CitraGarden Banjarmasin 10 3.1 CitraLand Driyorejo CBD 12 6.9 CitraGarden Aneka Pontianak 27 5.6 Total Greater Surabaya 617 CitraCity Balikpapan 9 10.5 Citra Maja Raya 1,200 1.4 Total Kalimantan 685 CitraLand BSB City Semarang 100 3.2 CitraGrand Galesong City Gowa 185 1.6 CitraGrand Semarang 55 3.9 CitraLand City Losari Makassar 157 15.3 CitraSun Garden Semarang 17 6.3 CitraLand Talassa City Makassar 69 4.5 CitraGarden City Malang 51 5.1 CitraLand Celebes Makassar 30 5.6 CitraGarden BMW Cilegon 47 3.2 CitraGarden Makassar 15 3.1 CitraLand Cirebon 45 3.2 CitraLand Palu 17 1.7 CitraLand Puri Serang 43 2.3 CitraLand Kendari 15 4.1 CitraGarden Pekalongan 10 2.0 Total Sulawesi 488 CitraGrand Mutiara Yogyakarta 9 5.3 CitraSun Garden Yogyakarta 6 7.1 Total Java Ex-Jakarta Ex-Surabaya 1,583 CitraRaya City Jambi 564 1.0 CitraLand Gama City Medan 123 9.1 CitraLand Botanical City Pangkalpinang 57 2.3 Citra AeroLink Batam 21 3.7 CitraLand Megah Batam 19 3.2 Total JO Land Bank of 4,304 Gross Ha CitraGarden Pekan Baru 20 2.0 Total Sumatra 804 - Business Presentation 13 Apartment Assets – Strata Title Est. Unsold Ownership Saleable SGA Sold Construction Project Name Tower Stock Value Scheme (sqm) % Progress (Rp bn) Ciputra World Jakarta 1 Raffles Residence 100% 41,500 84% 396 100% The Orchard 31,000 93% 83 100% Ciputra World Jakarta 2 100% The Residence 14,000 97% 17 100% The Newton 1 15,800 94% 47 79% Ciputra World Jakarta 2 Ext. 100% The Newton 2 22,500 21% 878 0% San Francisco 25,300 46% 321 97% Ciputra International JV - 55% Amsterdam 24,200 89% 59 100% Yashinoki 5,500 58% 32 100% CitraRaya Tangerang Ecopolis JV - 51% Suginoki 3,900 62% 19 100% CitraLake Suites Tower A+B JV - 51% 18,000 71% 129 100% Orchard 9,100 94% 10 100% Citra Living JO Revenue - 70% Lotus 9,100 28% 128 79% Total Jakarta 219,900 73% 2,119 CitraLand Surabaya Denver 100% 22,500 68% 143 100% Voila 35,800 94% 54 100% Ciputra World Surabaya The VertuJV - 53% 9,100 71% 70 100% Sky Residence 6,700 9% 141 95% CitraLand Vittorio Surabaya Alessandro JV - 51% 17,600 48% 178 8% Total Surabaya 91,700 70% 587 CitraPlaza Nagoya Batam Tower 1 JV - 50% 22,700 81% 106 42% Barsa City Yogyakarta Cornell JO Profit - 50% 8,500 51% 87 46% Vida View Makassar Brentsville JO Profit - 50% 24,800 37% 334 100% CitraLand City Losari Makassar Delft JO Profit - 50% 19,800 55% 178 0% Total Others 75,800 57% 705 Total Strata Title Apartment 387,400 69% 3,411 - Business Presentation 14 Office Assets – Strata Title and Leased Strata-Title Office Est.