SUBANG SMARTPOLITAN Indonesia Large country in South East Asia 4th largest population in the World Largest economy in Southeast Asia (Total area of 1.9mio km2) (271mio people and 127mio labour) (GDP of USD 1.1 trillion) POPULATION (2016 – 2020) GROSS DOMESTIC PRODUCT (2016 – 2020) 300 1.50% 20 5.0% 5.1% 5.2% 5.0% 5.1% 6.0% 1.3% 1.2% 1.2% 1.2% 1.1% 4.0% 250 1.25% 15 2.0% In Millions 200 1.00% 10 0.0% 150 0.75% In QuadrillionRupiah -5.3% -2.0% 100 0.50% 5 -4.0% 12.4 13.6 14.8 15.8 4.0 3.7 50 0.25% 0 -6.0% 258.7 261.9 265.0 268.1 271.1 2016 2017 2018 2019 2019 2020 - 0.00% (H1) (H1) 2016 2017 2018 2019 2020 F Real GDP GDP Growth Population Growth (Current Value) (Constant Value) Source: National Bureau of Statistic (BPS) Source: IMF As of 2020, the World Bank increases the country’s classification to Note: In Q2 2020, the GDP contracted 5,3% (yoy) mainly contributed upper-middle income class. due to the Covid-19 pandemic. Page 2 Incentives No. Incentive Regulation Detail Incentive 1 Tax Holiday MoF Regulation No. 105/PMK.010/2018 Free CIT for certain period depend on investment value (5-20 years, min investment value IDR100bio) 2 CIT Rate Laws (Undang-Undang) No.36/2008 • Fiscal Loss can be compensated to the annual income for total consecutive 5 years Reduction • CIT rate is 25% Government Regulation (Peraturan CIT Rate Reduction: Pemerintah) No. 30/2020 • 22% (on 2020 – 2021) and 20% (2022 - onward) • Additional 3% CIT rate reduction for public company whose public stock minimum 40% 3 Free Import Duty • Regulation of Indonesian Free import duty for machines, equipment and raw materials for 2 years, and 4 years for locally- Investment Board (BPKM) No produced machines/equipment (min.30%) 6/2018 • MoF Regulation No. 176/PMK.011/2009 4 Tax Reduction for MoF Regulation No 21/PMK.011/2018 • CIT & VAT Reduction Renewable Energy • Free Import Duty • Tax Paid by Government (conditions apply) 5 Bonded Zone MoF Regulation No. 131/PMK.04/2011 Free Import duty and VAT for raw materials, capital goods, and other goods utilized for manufacturing process, which most of the finished goods are exported 6 Other Benefits Government Regulation No 45/2019 Additional incentive (reduction on net/gross income) for labor intensive companies, conducts job training, apprenticeship and/or learning center, also R&D facility Government Regulation No.78/ 2019 Companies located in certain location/area (17 types of industries located in all area except Jakarta) and certain types of industry (166 types of industries) is entitled to get the following additional incentives: • Reduction of Net Income by 5% for total 6 years • Shorter depreciation & amortization • Income Tax of dividend paid to foreigner is ≤ 10% • Fiscal Loss can be compensated to the annual income for total consecutive 5 up to 10 years Page 3 Java Population: 10mio Jakarta Contribution: 3.90% Banten Population: 12mio Contribution: 4.74% Central Population: 34mio West Population: 49mio Java Contribution: 12.80% Java Contribution: 18.24% East Population: 39mio Java Contribution: 14.72% Population: 4mio Jogjakarta Contribution: 1.44% • Indonesia population is approx. 271mio, 56% is concentrated in Java where 27% located in Western part of Java. • By 2045, the country’s population is expected to reach 321mio. • West Java is anticipated to remain as the most populous province with 90% of its population or 76 million people reside in the Jakarta-Bandung regions. Page 4 Subang Strategic Location . The future of industrial corridor; . Within the Rebana Triangle; . Direct toll access (via TransJava toll road network); . Close to Patimban Seaport; . Close to West Java International Airport (Kertajati); . Connected via railroad network as well as the planned Jakarta-Surabaya High-Speed-Train; . Major cities are reachable within 2 hours (e.g. Jakarta). Labour . Competitive Labour Cost (2020 = IDR2,965,468) . Ample Labour Supply (2019 >15yo = 1.2mio) World Class utilities, infrastructures and supporting facilities Suryacipta City of Industry Subang Smartpolitan Page 5 About Us SURYACIPTA CITY OF INDUSTRY SUBANG SMARTPOLITAN Page 6 About Us Surya Semesta Internusa Tbk (Stock Code: SSIA) Main Businesses: - Real Estate - Industrial Estate SLP – Warehouses for rent - Office Tower - Retails Suryacipta City of Industry (est. 1990), Suryacipta’s businesses: - Residential • Industrial estate development and management - Construction - Suryacipta City of Industry, 1,400Ha located in - Nusa Raya Cipta Karawang; and (Stock Code: NRCA) - Subang Smartpolitan, 2.717Ha located in Subang - Hospitality • Office Building (The Manor). • Retail Area (The Promenade). Cipali Toll Road Gran Melia Jakarta Melia Bali Banyan Tree Bali Batiqa Hotels Subang Smartpolitan Page 7 Subang Smartpolitan Page 8 Location Page 9 Infrastructures & Accessibilities Page 10 Masterplan Patimban Toll Road (direct access to Patimban Seaport) Direct Access from Cipali- Patimban Toll Construction: Q2-2022 Toll Exit Ready: Q2-2023 Completion : Q1-2024 Subang Smartpolitan, the pioneer of smart and sustainable city development that leverages technology and IOT to promote efficiency and security of its tenants. Cipali Interchange KM89 With total area of 2,717Ha, Subang Smartpolitan shall be developed in 4 phases, whereas the 1st phase development begins Q4 2020 Diamond Bay (60Ha) (Ready for handover Q1 2023), including: • Commercial; • Industrial; Phase 1 Development (400Ha) • Residential; Handover Q1 2023 • Supporting infrastructures and facilities. Subang Smartpolitan is designed to be accommodative to Residential Area (40Ha) Automotive, High-Precisions, Consumer Goods, Medical Pharmaceutical, IT & Data Centre industries, as well as logistic Page 11 activities. Phase 1 Development (Southern Area) Industrial Plots Land Coverage Ratio (KDB) : 60% of total land size Floor Coverage Ratio (KLB) : 240% of total land size Phase 1 Development – 400Ha Building Setback (GSB) . Front (Main Road) : 15m . Front (Secondary Road) : 12m . Side : 6m . Back : 8m Green Area : 7.5% of total land size Max. Building Height : 40m ROW . Main Road : 60m . Secondary Road : 40m . Tertiary Road : 30m Water : 15,400M3/day (Stage 1) Wastewater : 10,300M3/day (Stage 1) Gas : Ready Electricity : 60MVA (Stage 1) Telecommunication & FO : Ready Page 12 Diamond Bay Diamond Bay, a 60Ha development located in the heart of Diamond Bay Particular Subang Smartpolitan, host of: • Land Coverage Ratio (KDB) : 60% of total land size • Floor Coverage Ratio (KLB) : 600% of total land size . Business Park & Office Towers; • Building Setback (GSB) . Hotel and Apartments; • Front (Main Road) : 10m . Education and R&D Centers; • Front (Secondary Road) : 6m • Side : 6m . Hospitals (Medical Facility); • Back : 6m . Shopping Mall, Factory Outlets and F&B Outlets; • Max. Building Height : 100m • ROW . Theme Park and Recreational Center . Main Road : 30m . Community Facilities . Secondary Road : 18m . Sports & Entertainment Page 13 Access Subang Smartpolitan is directly accessible via Cipali Toll. Jakarta-Surabaya Railroad Network Cipali Interchange at Km89. Cipali-Patimban Toll construction is about to commence where the dedicated toll exit shall be ready by Q2 2023. Patimban Toll Road Approximate Distance to Patimban Seaport (from Subang (direct access to Smartpolitan) is 40Km. Patimban Seaport) Subang Smartpolitan shall also be accessible using Jakarta-Surabaya railroad whilst Jakarta-Surabaya high speed train is currently being Direct Toll Access from planned. Cipali Interchange and Patimban Toll Road Railroad network shall be beneficial to improve commuting capability of Jakarta (KM89) individuals. Cipali Interchange Km89 Alternatively to the Direct Toll Access at Patimban Toll, Subang Smartpolitan is accessible via Secondary Access. The alternative route improves accessibility and security. From Kalijati Exit (Km98), Subang Smartpolitan is approximately 13Km (approx. 25mins). Page 14 Patimban Seaport Development Progress Page 15 Patimban Seaport Masterplan & Project Information Location Patimban, Subang Regency, West Java Stage I-1 Total Capacity 7.5mio TEUs and 600,000CBU Stage I-2 Total Area 665Ha Stage II • 300Ha - Container & Car Terminal Stage III • 365Ha - Back Up Area (for supporting facilities) Draft 10-14 mLWS (and expandable to 17mLWS) Project Value IDR 43trillion (US$3.29bio) Financing by JICA (Japan International Cooperation Agency) Construction Schedule 2018 – 2036 • Package I-1 2018-2020 Capacity 218,000 CBU & 250,000TEUs • Package I-2 2021 – 2023 Increase car terminal capacity to 600,000CBU and 3.75mio TEUs container terminal • Package II 2024 – 2027 Increase container terminal capacity to 5.2mio TEUs • Package III 2028 – 2036 Increase container terminal capacity to 7.5mio TEUs Contractor Consortium of Penta-Ocean Construction, TOA Corporation, Rinkai Nissan, PT Wijaya Karya and PT Pembangunan Perumahan. Page 16 Construction Progress as of mid-2020 ACCESS ROAD RECLAMATION https://suryainternusa-my.sharepoint.com/:v:/g/personal/binawati_dewi_suryacipta_com/Ed1DxKn7zXZMknFy0sG7N5ABAk4W7GB3oSBjKCkHF0wSZA?e=QIYfxQ Page 17 Thank You Page 18.