PT Acset Indonusa Tbk Performance Update 1H’2019 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 business 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. 2 Contents Company Profile Business Profile & Operations Business Strategy Financial Highlights & Updates 3 4 Company Profile Overview Indonesia’s Leading Integrated Construction Company PT Acset Indonusa Tbk (“ACSET”) is an integrated construction company, providing technical and construction services in foundation, building, civil engineering, infrastructure and ground engineering specialist works. ACSET is one of the few construction groups in Indonesia 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. 5 Major Milestones 6 Part of Indonesia’s Largest Business Group Manufacture & Distribution, (Market Share 51% for cars and 75% for motorcycles) Construction Machinery Market Leader Banking, general and life insurance, (36% market shares) leasing company Mining Contracting coal production 125mil ton CPO producer, 1.9 mio ton An Integrated Construction Company for Foundation, Structures, Infrastructures Concession: toll-road , clean water and port Coal Mining Coal reserved 379mil ton IT Hardware, software, consulting and Energy document solution PLTU Tj. Jati 5&6, Property developer and building 2 X1000MW management (in construction) *Source: AI &UT 2018 Annual Report 7 Shareholding Structure 100.0% Acset Indonusa Co., Ltd. (Vietnam), Est. 2008 General Contractor Services 100.0% 99.9% Innotech Systems, Est. 2011 Formwork Services Karya Supra Perkasa Mechanical, Electrical & 60.0% Bintai Kindenko Engineering Indonesia, Est. 2012 Plumbing (MEP) Contractor Contractor Equipment, 50.1% 96.5% Sacindo Machinery, Est. 2013 Sales & Support 55.0% ATMC Pump Service, Est. 2014 Concrete Pumping Services Tower Crane & Passenger 0.1% 99.9% Aneka Raya Konstruksi Mesindo (ARKM), Est. 2014 Hoist Services 99.9% Acset Pondasi Indonusa, Est. 2016 Foundation Specialist 40.0% Dredging, Reclamation, & Dredging International Indonesia, Est. 2017 Public Marine Works Specialist 8 On Going Project - 1 Grand Mansion, Jalan Millenium Centennial Terrace Diamond Tower Borobudur (Finishing), Center, Jakarta Project, Jakarta Jakarta Thamrin Nine, Jakarta Jakarta International College, Jakarta AHEMCE Employment West Vista, Jakarta Centre, Jakarta LRT Cawang – Dukuh Atas MTH 27 Office Suites Cawang, Jakarta Balaraja Barat – Cikande toll road Jakarta-Cikampek II Elevated Toll Road, Tol JORR II, Ruas Jakarta Kunciran-Serpong Rest Area Km 19B, Jakarta-Cikampek Indonesia 1 Tower II Elevated Toll Road, Jakarta Arumaya Residence, Jakarta Foundation The Stature Kebon Construction Sirih, Jakarta Infrastructure Skysuites Mega Kuningan, Jakarta 9 On Going Project - 2 Terminal Peti Kemas, Belawan PLTU SOMA Karimun (2x31 MW Grosi) Indonesia Cirebon II Run Off Pond PLTU Coal-Fired Power Batang Jawa 1, Civil Work Plant Cibatu Cilamaya SILO PLTU Jepara, Mayapada Hospital, Tanjung Jati Bandung Patimban Port, Soil Improvement Works, Subang Fly Ash Silo PLTU, Batang Foundation Construction Infrastructure 10 Management ACSET is managed by a dedicated professional, experienced team. BOARD OF COMMISSIONERS BOARD OF DIRECTORS FRANS KESUMA JEFFREY G. CHANDRAWIJAYA President Commissioner President Director IWAN HADIANTORO HILARIUS ARWANDHI Commissioner Director Tan Tiam Seng Ronnie ELLYJAWATI Commissioner Director Tjandrawati Waas YOHANES EKA PRAYUDA Independent Commissioner Director Wiltarsa Halim DJOKO PRABOWO Independent Commissioner Director As of AGMS 2019 decision, 10 April 2019 11 Organizational Structure Board of Commissioners Audit Committee Nomination & Board of Directors Corporate Secretary & Remuneration Committee Legal Internal Audit Corporate Planning & Strategy Director Director Director Director Director Business Finance & Control Human Capital & Foundation & Soil Building Development & General Affairs Improvement Tender Supply Chain Infrastructure Management SHE, Security & Social Plant & Facility Responsibility Quality Assurance Information- &Engineering Communication Technology 12 13 Business Profile & Operations Areas of Expertise Demolition Foundation General Infrastructure Marine Works Works Works Building Works Works M • A Geotechnical Works I Controlled- Civil engineering N •Bored Pilling & High rise and demolition with related works •Underwater Diaphragm Wall complex E minimal impact that include but foundation • Waterproofing building x to project not limited to: •Dredging P & Driven Pilling structure surroundings •Toll Roads •Reclamation E •Pre- R •Power Plants T Stressing/Post- I Tensioning S E S U Subsidiary complementing expertise include: P P • Mechanical, Electrical & Plumbing Works O • Construction Heavy Equipment Sales and Rental (Tower R T Crane/ Concrete Pump/Passenger Hoist) I N • Slip Forming/Formwork System G 14 Demolition Works CIMB Niaga & Sequis Office Building, Jakarta 15 Bored Piling & Diaphragm Wall Thamrin Nine Project Indonesia 1 Project 16 General Building Works Residence 8 Project Centennial Tower Project 17 Infrastructure Works Construction of Additional Transaction Line, Balaraja Construction of Toll Gate, Cilegon Barat Timur Kertosono – Mojokerto Toll Road Kertosono – Mojokerto Toll Road 18 Marine Works Approach Bridge Suramadu Approach Bridge Suramadu Approach Bridge Suramadu 19 Soil Improvement Works ACSET Sea 1 (Cement Deep Mixing Barge) 20 Slipforming & Formwork System Silo of PT Semen Indonesia Tuban IV Silo of Bosowa Mataram 21 Project Portfolio: Foundation Projects 1. Indonesia 1, Jakarta 20. Plaza Ambarukmo, Yogyakarta 2. Millenium Centennial Tower, 21. Soil Improvement Work Jakarta (Central Java Project), Batang 18 3. Taman Anggrek Residences, 22. Mixed-use Development Jakarta Kebon Sirih, Jakarta 4. Mangkuluhur City, Jakarta 23. Menara Tendean 5. SBCD Lot 10, Jakarta 24. Bored Pile Toll Depok - 21 6. Thamrin Nine (phase I-II), Antasari 31 19 20 28 Jakarta 25. LRT Cawang - Bekasi Timur 32 7. St. Regis, Jakarta 26. LRT Cawang - Dukuh Atas 8. Bahana Office Tower, Jakarta 27. LRT Cawang – Cibubur 9. District 8 Senopati, Jakarta 28. PLTU Jepara Bored Pile 10. Sahid Sudirman Center, 29. Graha Pertamina Jakarta 30. Pelayanan Kesehatan 30 11. Botanica Residences, Jakarta Penerbangan 12. Pakubuwono House, 31. Terminal Peti Kemas 3 32 34 17 Pakubuwono Signature, and 32. Wiperti – Contiguous 22 1 26 Pakubuwono House, Jakarta 33. Tol Parigi Serpong (Kunser) 2 6 13 25 23 10 13. Ciputra World, Jakarta 34. Puri Mansion Apartement 27 8 5 9 14 14. Gandaria City, Jakarta Flyover 7 15 11 4 15. Pacific Place, Jakarta 24 16 12 16. Plaza Sudirman, Jakarta 17. Pasar Tanah Abang (blocks A 29 and B), Jakarta 18. Estella Residential Development Project, Ho Chi Minh City, Vietnam 19. Approach bridge of Suramadu Bridge, East Java 22 Project Portfolio: Structural Projects 1. Indonesia 1, Jakarta 16. Supermall PTC Pakuwon 2. Millenium Centennial Indah, Surabaya Tower, Jakarta 17. Sun Plaza, Medan 17 3. Thamrin Nine, Jakarta 18. Tunjungan Plaza IV, 4. District 8 Mixed-Use and Surabaya 14 15 Langham Tower 19. Artotel Sanur, Bali 18 19 16 21 Development, Jakarta 20. TS Suites Hotel and Mall 20 5. Equity Tower, Jakarta Town Square, Bali 6. Kota Kasablanka (phase I- 21. Alila Seminyak Resort, Bali II), Jakarta