#1JABABEKA & CO. PT Kawasan Industri Jababeka Tbk. Investor Presentation March 2021 (with FY20 Audited Report Highlights & FY21 Guidance)#2Disclaimer This presentation material has been prepared by PT Kawasan Industri Jababeka Tbk (the "Company") and may contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as "expects," "plan," "will," "estimates," "projects," "intends," or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professional advice. The information has been compiled from sources believed to be reliable. The information contained in this section is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. The Company makes no representation regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors in or omissions from, any information contained herein. 1#3Outlook & Guidance for 2021 Marketing Sales & Other Highlights 2020 Real Estate Marketing Sales Achievement Rp898.7bn realized in 2020, about 46% less compared to 2019 mainly due to the Covid-19 pandemic • On a positive note, the performance in 2H20 was more than 2.5x 1H20 on the back of an industrial pick-up in Kendal and Cikarang, and a successful launch of a landed residential project in Cikarang 2021 Real Estate Marketing Sales Target . Rp1,400bn: - Rp1,000bn Cikarang & Others: 50/50 split between Industrial vs Residential/Commercial - Rp400bn Kendal: all industrial Positive momentum of 2H20 carried on into early 2021 Solid pipeline for industrial in both Cikarang and Kendal Launch plan of 3-4 residential & commercial products Infrastructure - resilient in terms of margin, cash flow despite pressure on volume in 2020 (yoy reductions of 15% for water, 9% for power end-users, 24% for TEU port volume offset by PLN capacity payments and other infrastructure services in 2020 2021 expected to be in line with 2020 - Leisure & Hospitality not very material with overall small contributions to earnings & cash flow • Cash Flow Overview for 2021: Cash inflow: Rp1,450bn - 50% Backlog (3/4 Cikarang/others - 1/4 Kendal) 50% New Sales (2/3 Cikarang/others 1/3 Kendal) Rp400bn Recurring EBITDA from power, water, port and other recurring businesses • • Total: Rp1,850 billion Cash outflow - Rp250bn Construction & Land Development in Cikarang • . Rp400bn Infrastructure & Land Development in Kendal Rp100bn Maintenance Capex • Rp150bn Land Acquisition (discretionary) • Rp400bn Interest • Rp450bn SG&A (excl. infra) • Rp150bn Tax Total: Rp1,900 billion Cash balance of Rp1.15trillion as at 31 December 2020 (compared to about Rp1trillion at the end of 2019). Total debt expected to stay flat for the year as principal repayments of loans at subsidiary / JV levels are mostly offset by drawdown of maximum Rp100bn (likely less in 2021) of a new loan (provided by OCBC) at Kendal for infrastructure development (cost of ~10% per annum) 2#4Jababeka Group Joins the Fight against Covid-19 Together with President University, Jababeka Group initiated a crowd- funding exercise, which has raised nearly Rp 7 billion (and counting) for medical equipment required to combat Covid-19 Collaboration with tenants Croda Indonesia, Evonik Indonesia and Danone Indonesia for the production and packaging of hand sanitizers and disinfectant fluids - totally producing 15 tons so far Together with several tenants produced 50,000 fabric face masks for the Covid-19 task force in Bekasi Together with President University and numerous tenants provided Rp 7.2 billion in to the Bekasi Regency to combat and prevent the spread of Covid-19 Distribution of free face masks in and around Kota Jababeka Providing social aid to 13 villages in and around Kota Jababeka Preventive spraying of disinfectants at all office premises, providing hand sanitizer for all staff, checking body temperatures, etc. Jababeka Fighting Covid which includes Jababeka, tenants and Government create a routine event called Treasure Market which sell used clothes and the revenue from that event will be used to develop MSME. ARSS CID antuan P MASKER GRATIS SILAHKAN AMBIL SECUKUPNY an I PRESIDENT UNIVERSITY FOUNDATION JABABEKAS CO Ban Jababeka ONG MONG TREASURE MARKET 3#5Leading township developer & infrastructure powerhouse PT Kawasan Industri Jababeka Tbk. ("KIJA") is a leading township developer with an established track record in industry- based townships supported by residential & commercial components... Real Estate PT Kawasan Industri Jababeka Tbk Industrial Residential Infrastructure Power FY20 Revenue Breakdown (%) Water/Estate; 12% (Rp 2,396 billion) Dry Port; 6% Water & Estate Power; 27% Real Estate & Others; 56% Commercial Dry Port Established in 1989 and became the first publicly listed industrial estate developer in Indonesia in 1994 Kota Jababeka, KIJA's flagship development, is a mature industry- based integrated township in Cikarang with on-site power plant and dry port Kendal Industrial Park - Park by the Bay in Central Java, tourism- based townships in Tanjung Lesung, Banten, and in Morotai, North Maluku all three enjoy Special Economic Zone status Large and strategically located land bank of 5,090 hectares as 31 December 2020 Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life FY20 Gross Profit Breakdown (%) (Rp 1,018 billion - 43% GPM) Water/Estate; 14% Power; 17% Dry Port; 4% ...with world class infrastructure to support its development Real Estate & Others; 65% 4#6Milestones & Selected Awards More than 30 years track record in township development 1989 KOHLER presorts TCH SIA PRO INDO W GOLDE PROPER AWARD 019 ATCH PropertyGuru ASIA SIA F PROPERTY AWARDS ATCH THE HI ESIA PI WATCH ESIA PROPE WATCH WINNER BEST INDUSTRIAL DEVELOPER (ASIA) PT Jababeka Tbk NESIA PROP LETIME ACHIEVEMENT ANAES WATCH SETYOND JUAND BARMOND NESIA PROPE ROPERTY AW WATCH GO P ARDS INDON PROPERTY AWARDS 2019 ONESIA INDON ONESIA GOLDEN PROPERTY AWARSS 2019 Golden Property Award 2019 The Best Township Development Project - Kota Jababeka Cikarang 6th Property Indonesia Awards 2018 The Recommended Condominium Development in Cikarang Kawana - Golf Residence 2020 Golden Property Award 2019 Lifetime Achievement Award to Mr.Setyono Djuandi Darmono Jababeka Group established and started development of the industrial estate 1996 1994 IPO on Jakarta and Surabaya Stock Exchange Acquisition of Menara Batavia in Jakarta CBD 2001 2003 Inauguration of Education Park, including President University 2010 Commenced development of Jababeka CBD Cikarang Dry Port begins operations 2011 Acquisition of 1,500 ha land in Tanjung Lesung, Banten 2013 V BEST DE Bekasi 2014 Power Plant commenced operations KOHLER. 2016 D'Khayangan Senior Living Launched Groundbreaking Kendal Industrial Park - Park by the Bay PropertyGuru INDONESIA PROPERTY AWARDS Property Guru - 2020 Best Developer & Industrial Estate WINNER PT Ja BEST INDUSTRIAL ESTATE DEVELOPMENT Jababeka Industrial Estate by PT Jababeka Tbk 2020 2020 5#7Sizeable land bank in strategic locations with upside potential Tanjung Lesung Banten JJ 11' TANJUNG LESUNG Jakarta KOTA JABABEKA Kota Jababeka Cikarang Kota Jababeka Cikarang • Master plan: 5,600 hectares • 35km east of Jakarta • Land Bank: 1,240ha (1) Fully integrated and matured city development 35km east of Jakarta, 45mins from Jakarta's CBD Most established industrial area in Greater Jakarta, home to >2,000 local and multinational companies 7 Kendal, Central Java West Java Semarang Central Java Serars Logand Tanjung Lesung • Master plan: 1,500 hectares • 170km southwest of Jakarta • Land Bank: 1,496ha (¹) INDONESIA Yogyakarta East Java Surabaya Designated as a Special Economic Zone for Tourism Located 170km southwest of Jakarta and covers more than 1,500 ha of land on a peninsula facing the Indian Ocean Envisaged to become a first-class integrated resort destination for both domestic and international tourists Kendal, Central Java • Master plan: 2,700 hectares • 450km east of Jakarta • Land Bank: 560ha (1) Offers a deep pool of young and skilled labour at a competitive cost Special Economic Zone for Industrial Estate Strategically located along the Jakarta-Semarang-Surabaya Economic Corridor Note: 1 Land bank as at 31 December 2020 6#8Kota Jababeka - Flagship industry-based integrated township Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport... Soekarno Hatta International Airport Semanan Balaraja TANGERANG Tanjung Priok Seaport JAKARTA Stasiun Halim Patimban Future Seaport • 35 KM from Jakarta City JORR 2 Toll Road . Cibitung Tanjung - Priok Seaport • ±1.5 hours BEKASI KOTA JABABEKA CIKAMPEK Kertajati Future Halim Perdana BANDUNG International Kusuma International Airport Airport Stasiun Tegalluar Toll JOR 2 LRT Route MRT Route High Speed Rail Way Jakarta Bandung 6 lane Highway of Jakarta Inner Ring Road Elevated Toll Road Jakarta - Cikampek LRT MRT High speed train Commuter train Elevated toll road JORR 2 Close to International Airport & Seaport Accessible by toll road and railway Connectivity with 3 Toll Access / Exit Development of Major Transportation Infrastructure South Jakarta North Jakarta <Jarta Tol Jakarta MM2100 5.600 ha Total Area T New Exit Toll Km 29 KM 29 EJIP Cikarang Train Station JR Connexion President University Exit Toll Km 31 Cikarang Barat KM 31 HYUNDAT Tranportation infrastructure Lemah Abang Train Station .......... Proposed MRT Station JABABEKA RESIDENCE T KM 34 (Proposed/Under Construction) IPPO CIKARANG LRT Track High Speed Train Elevated Toll Road MRT Track Double-double track Railway Jakarta 2nd Outer Ring (JORR) Road Jababeka Golf & Country Club KOTA DELTAMAS Bandung > 7#9- Kota Jababeka – Anchored by a blue-chip customer base The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities Diverse mix of occupants across sectors (breakdown by number of occupants as of 31 December 2020) Portfolio of high quality customers 10.8% MATTEL EMERSON KOMATSU Kao као ■ Electronics 6.7% ■ Machinery ■ Consumer Goods YAMAHA L'ORÉAL 6.2% ■ Chemicals 46.5% ■ Automotive ■ Plastic 5.9% Unilever ■ F&B キ ■ Building 5.6% NABISCO ■ Metals 5.3% ■ Textile SAMSUNG KRAFT San Miguel STORK PRINTS GROUP AkzoNobel Tomorrows Answers Today SMURFIT-STONE Kimberly-Clark 4.3% ■ Others 1.6% 3.6% 3.6% SARI ROTI Tupperware Kawan LamaⓇ #1 Commercial & Industrial Supply Company Kota Jababeka is home to over 2,000 local and multinational customers from over 20 countries 8#10Jababeka Residence - A City for Your World Residential & Commercial Developments Oscar Townhouse Cluster Mixed-Use Developments 12 November 2020 Sudirman Boulevard Commercial Center Progress 24 Juni 2020 Hollywood Junction, Monroe & Elvis Tower Facilities H Holidaym International Hotels RS PERMA Hospitals Bekasi Power Cikarang Dry Port Jababeka Industrial Estate San Miguel L'Oreal Sari Roti Mattel Kraft Kao Nissin Samsung Unilever KM 29 T New Exit Toll Km 29 IL President University & Reputable Schools Jababeka Golf & Country Club KM 31 T Exit Toll Km 31 Cikarang Barat B Mattel Kawan Lama JABABEKA RESIDENCE Bring Better Quality of Life JJ Royal KM 34 IL T Living Plaza Jababeka 阿昌 Tupperware Yamaha Megmilk Snow Brand Indonesia Jababeka Convention Center JABABEKA RESIDENCE A City for Your World Jababeka Stadium 9#11Kota Jababeka – Enhancing value through Joint Venture projects - "Kawana Golf Residence" Kawana Golf Residence is a JV between Jababeka (60%) and Creed Group (40%) from Japan • High-end golf view apartment tower with 234 units • Total near 100% sold- delivery scheduled - for 2021 construction nearly completed as of year end 2020. Kawana 2 in the planning stage Creed JABABEKA RESIDENCE KAWANA GOLF RESIDENCE カワナゴルフレジデンス CREED GROUP "Riverview Residence" • Joint Venture between Jababeka (51%) and PT PP Property (Persero) Tbk (49%) • 4 apartment towers strategically located near the toll exit & catering to the lower end of the market • Tower 1 (1009) - Mahakam Tower -> 90% sold, 48% handed over • Tower 2 (939) - Bengawan Tower -> 28% sold, piling completed (PP) PT. PP PROPERTI KAPUAS BENGAWAN MAHAKAM BARITO KAWANA TOWERS OF RIVERVIEW RESIDENCE Other JVs within the KIJA group include: 1) "Little Tokyo" - a JV between PT PP Property (Persero) Tbk (52.6%) and Jababeka (47.6%) for a mixed use superblock on a 4.6-hectare site with 6 apartment towers and a Japanese style mall; 2) "Mayfair Estate & Park Land" - a JV between PT Plaza Indonesia Realty Tbk (70%) and Jababeka (30%) for a mixed use superblock on a 12-hectare site right next to the golf course; 3) "Paradiso" - a JV between Jababeka (52%) and Keihan Real Estate (48%) from Japan to develop a 2.7 hectare high-end golf villa residential project. 11#12Enhancing Kota Jababeka's value proposition: Jababeka Infrastruktur PT Jababeka Infrastruktur provides top notch to infrastructure and services, including clean water provision, waste water treatment, estate management, and other services such in-house fire brigade, 24 hour security, fiber optics, natural gas and others... Water Treatment Plan WTP 1 Capacity 400 L/sec WTP 2 Capacity 200 L/sec WWTP 1 WWTP 2 Capacity Capacity 125 L/sec 208 L/sec Telco Natural Gas Waste Water Treatment Plan ...which meet the international standards and operate in accordance with environmentally friendly policies in integrated city Kota Jababeka in Cikarang 12#13Enhancing Kota Jababeka's value proposition: Bekasi Power Plant KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate Integrated Power Generation & Distribution Process SAFETY FIRST! from 1 100% output to PLN # 2 Buy back from PLN PLN (+ margin) 3 Direct sale to factories (+ margin) Financial Highlights (IDR billion) Factories 1,600 35% 1,360 1,400 1,310 30% 1,200 1,102 25% 27% 1,000 832 20% 22% 800 638 15% 600 17% 16% 10% 400 13% 200 5% 232 248 164 136 172 0% 2016 2017 2018 2019 2020 - 130MW gas fired combined cycle plant 20 year 100% off-take agreement Perusahaan Listrik Negara ("PLN") - Rate per KWH: ~US$11 cents Average gas cost / MMBTU: ~US$8.7 Fuel costs borne by PLN on a pass-through basis Fully contracted gas supply Flexibility to buy back power and resell to industrial customers at a premium • During repair of a leakage in one of the boilers the power plant operated at about 50% of the usual capacity for about 3 months in 2016 The power plant was in full "reserve shutdown" for most of 1Q18 and 2Q19 and has operated intermittently in other quarters of 2018, 2019, and 1Q20. In 2Q20 the power plant was almost in full reserve shutdown, whereas in 2H20 the plant operated more, but still more reserve shutdown than not. Gross Profit ■Revenue ▲ Gross Profit Margin Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia 13#14Enhancing Kota Jababeka's value proposition: Cikarang Dry Port Strategic location in the heart of the largest manufacturing zone along the Bekasi-Cikampek industrial corridor... LEGENDS Toll Road Industrial Estate THAILAND CAMBODIA VIETNAM PHILIPPINES * TANJUNG PRIOK PORT (HUB) Road Rail Way Ocean LAYSA Jakarta INDONESIA Airport JAKARTA Indian Ocean Distance = 50 km TO TANGERANG BEKASI CIKARANG DRY PORT (SPOKE) Enhanced Accessibility with New Toll Gate KM 29 Cikarang Utama Toll Gate New Toll Gate KM 29 Highway Exit KM 29 To Jakarta Flyover to Jakarta JABABEKA MM 2100 62%¹ EJIP LIPPO HYUNDAI GIIC N North Pacific Ocean SURYA CIPTA CIKAMPEK KIIC KIKC CFLD KIM KBI To Cikampek/ Bandung International Port Code: IDJBK Surrounded by 12+ Industrial Estates and more than 3,000 manufacturing companiee 1 Estimated % of total throughput at Tanjung Priok Port originating from this area Notes: 14#15Enhancing Kota Jababeka's value proposition: Cikarang Dry Port Surabaya To Jakarta/Tg. Priok Railway Emplacement Bonded Logistics Gate Center Port (PLB) Code: IDJBK Container Freight Station Reefer Office: New Office CDP, Quarantine & PLB 2 3rd Party DC Customs & Banking CHARANG DRY PORT Physical Inspection Mobile X-Ray Container Yard MACR MAERSK MAERGU SITC SITC SITC 200 ha of integrated port & logistics facilities 15#16Enhancing Kota Jababeka's value proposition: Cikarang Dry Port Cikarang Dry Port (CDP) is the first and only integrated customs, quarantine and logistics facility in Indonesia... Overview • Since 2012, Cikarang Dry Port is an official port of origin and destination with international port code IDJBK - now connected with 25 major shipping lines Integrated port and logistics facilities with multi modal transportation services Smart Port Solution to streamline the business process Besides export/import, CDP also serves domestic distribution via main railway line that runs from west Java to east Java and also combining it with domestics shipping lines services • Bonded Logistics Centre (FTZ facilities) for Cotton & minerals/metals Revenue (IDR billion) 225 202 171 151 146 2016 2017 2018 2019 2020 Selected customer & partner profile at Cikarang Dry Port Throughput (TEU) Shipping Lines: 95,314 MAERSK CMA CGM LINE APL SITC EVERGREEN 82,161 CNC Epico 73,946 Third Party Logistics Provider (3PL): 65,250 APL Logistics BDP DB SCHENKER INTERNATIONAL Yusen Logistics ITOCHU Shippers/Consignees: Unilever P&G Colgate EPSON® NIKE EXCEED YOUR VISION HONDA ZALORA The Power of Dreams L'ORÉAL IKEA 2016 2017 2018 2019 ...allowing customers to more efficiently manage their imports and exports and benefit from cost savings 62,381 2020 16#17Diversified land bank A geographically diversified land bank allows KIJA to capture different market segments and enhances earnings resilience... Township Development & Land Bank - Total (1): 5,090ha Kota Jababeka 1,240ha Kendal 560ha Tanjung Lesung 1,496ha Morotai 1,794ha Positioning Established MNCs and domestic companies willing to pay a premium for strategic location and mature township with top notch infrastructure in place More cost-conscious customers looking for an alternative to Greater Jakarta industrial estates that still provides top notch infrastructure Tourism, leisure and hospitality focused integrated township to tap into entertainment/leisure spending by rising middle class in Indonesia Well diversified across multiple segments (segment breakdown by 2020 revenue contribution in%): Real Estate & Others (2): 56% Future tourism and logistics hub strategically located in the heart of Pacific Asia with natural tropical beauty and World War 2 historic sites and relics Recurring(3): 44% 0% 10% 33% 20% 30% 3% 5% 9% 1%2% 3% 40% 50% 60% 27% 70% 80% 12% 6% 90% 100% ■Developed Land Factory Buildings Commercial Residential Tourism Golf Others Power Plant Water & Estate Services Dry Port ...in addition to benefiting from future infrastructure developments across its land bank locations Notes: 1 As per 31 December 2020 2 Comprises real estate, golf and other non-infrastructure segments 3 Recurring revenue includes contribution from power plant, dry port and service & maintenance fees 17#18Kendal Industrial Park - Park by the Bay in JAVA SEA Kendal Port • Joint Venture between Jababeka (51%) and Sembcorp (49%) from Singapore • Special Economic Zone for Industrial Estates Benefits from Sembcorp's expertise developing and marketing industrial estates across Asia (China, Vietnam, Indonesia) and Jababeka's long track record and experience in industrial estate development infrastructure operations and • Total planned area of 2,700ha; phase 1: 860ha Excellent connectivity to major infrastructure and amenities • WASAN PARK BY Official opening ceremony on November 14th 2016 by the President of Indonesia, Mr Joko Widodo, and the Prime Minister of Singapore, Mr Lee Hsien Loong TANG KENDAL Tanjung Emas Seaport Ahmad Yani Int'l Airport Semarang UNGARAN WONOSOBO TEMANGGUNG Information: : Arterial Road : Toll Road : Railway MAGELANG SALATIGA Distance to Kendal Industrial Park - Park by the Bay Tanjung Emas International Seaport Ahmad Yani International Airport Semarang (Central Java capital) KENDAL INDUSTRIAL PARK JEPARA DEMAK KUDUS N 25 km 20 km 21 km 18#19Kendal Industrial Park - Park by the Bay KENDAL INDUSTRIAL PARK Our Kendal Industrial Park – Park by the Bay development in Central Java is well-positioned to benefit from growing demand for relatively low cost industrial estates with good connectivity and competitive labor costs Key Highlights • • - Macro infrastructure planning that supports growth of Kendal Industrial Park - improved connectivity and accessibility (for example newly opened Trans Java toll road and new Ahmad Yani Airport) Competitive manpower / low labour costs in Central Java makes Kendal Industrial Park - Park by the Bay particularly interesting for labor intensive industries Numerous human resources education & training facilities Top notch infrastructure & One-stop solution for licensing, manpower recruitment, on-site logistics, security and estate management services Tenant breakdown (63 confirmed tenants) 16 7% 4 Malaysia Japan South Korea \Singapore 15% Electronic 19% Taiwan Construction Materials Commercial Automotive enter 5% 2%1%2% Training Toys & Bicycle industry 12% 4Furniture Industry 10% 34% 25% Food & Chi Fashion Beverage na Industry Packagi ng Medical Equipment & Pharmacy 6%ogistic & Warehouse 49% Indonesia 19#20Kendal Industrial Park - Park by the Bay OTHERS FASHION CITY KENDAL INDUSTRIAL PARK TOWN SQUARE POLYTECHNIC COURSE FURNITURE HUB wwwww ARCADE BY THE BAY KIK OFFICE AUTOMOTIVE HUB ELECTRONIC HUB FOOD CITY NEW INTERNATIONAL KENDAL SEAPORT To Be Completed in 2021 LOGISTIC HUB READY BUILT FACTORY DORMITORIES AND HOUSING JALAN RAYA ARTERI KENDAL INDUSTRIAL PARK 20#21Tanjung Lesung Malaysia Singapore Indonesia Tanjung Lesung Ujung Kulon National Park Tanjung Lesung overview Location ~170 km southwest of Jakarta in Banten Concept Tourism-based integrated township apartments, sailing, diving & beach clubs) (hotels, Australia Access Krakatau Mountain Anyer Tanjung Lesung Panaitan Island Labuan Merak Pandeglang Serang Future Toll road Panimbang SOEKARNO - HATTA International Airport Jakarta Jakarta-Merak Toll Road Currently accessible by toll road from Jakarta in ~ 3.5 hours President Joko Widodo speaking on Tanjung Lesung's designation as Special Economic Zone for Tourism 21#22Tanjung Lesung Strong government support for Tanjung Lesung's development as a tourism zone... Facilities and infrastructure at Tanjung Lesung Existing infrastructure includes access roads, a water treatment plant, wastewater treatment plant, electricity supply and telecommunication links ~ Visitors currently have access to 300 rooms spread out over two hotels/resorts, a bed and breakfast and several cottages • Other facilities: restaurant and bar, golf course, swimming pool, spa, beach club, sailing club, private air strip, school, mosque, residential housing units, and a medical clinic Golf course Strong government support for development of Tanjung Lesung One of 10 New Tourism Destinations in Indonesia that the Indonesian Government is promoting New toll road from Serang Timur to Panimbang: A consortium led by PT Wijaya Karya Tbk is constructing the told road and a first section is expected to become operational in 2021. SERANG WE SERAND WILD SERANS OSP UPDATE! MSP UPDATE! Tanjung Lesung has been designated as Special Economic Zone for Tourism OOP UPDATE! Aerial view Villa with private pool at Tanjung Lesung ...is expected to increase interest from potential investors/partners for the project 22 22#23Tanjung Lesung Tanjung Lesung Masterplan Tanjung Lesung Beach Hotel A Seaside Township 1,500 Ha Current property products Tanjung Lesung Beach Hotel Kalicaa Villa Beach Club Tj. Lesung Strait Golf Course Tj. Lesung Point Sailing Club KALICAA VILLA Blue Fish Hotel Tj. Lesung Harbour LADDA BAY village Tj. Lesung Bayside Tj. Lesung Heartland Tj. Lesung Harbour Tj. Lesung Point Tj. Lesung Bayside Tj. Lesung Strait Tj. Lesung Highland Site Boundary Revati Residence Tj. Lesung Heartland Tj. Lesung Highland BERANDA VILLA 23#24Morotai Future tourism and logistics hub strategically located in the heart of Pacific Asia with natural tropical beauty and World War 2 historic sites and relics MOROTAI SPECIAL ECONOMIC ZONE KEY FACTS AND FIGURES: 2,315 Square kilometer/4 times size of Singapore 80 kilometers from north to south MASTER PLAN 42 kilometers from east to west 42% forest area 150 square kilometers suitable for industrial development RESORT 3 hours flight from Singapore and Taipei JABABEKA MOROTAI JABABEKA & CO. Great potential for tourism, agricultural and fishing industries, and as a logistics hub LEGEND: 1 CENTRAL BUSINESS DISTRICT RESORT INDUSTRIAL PARK FISHERY FOREST SEAPORT Morotai is a Special Economic Zone for tourism and 1 of 10 new tourism destinations promoted by the government AIRPORT SPECIAL ECONOMIC ZONE MOROTAI ISLAND Evening view at Morotai Beach view at Morotai 24#25Clear strategic focus KIJA's existing pipeline provides visible opportunities over different time frames Continue to develop and capitalize on Kota Jababeka Township Short Term Medium Term Further development of Kendal Industrial Park in partnership with Sembcorp in Central Java Long Term Vision Development of Tanjung Lesung tourism-based township Development of Morotai, initially as a tourism-based township, longer term also as a logistics hub and for agriculture /fishery industries Replicate Kota Jababeka's industry-based integrated township model throughout Indonesia Build out an infrastructure facility portfolio (power, water, ports, etc.) to support these new townships 25#26Financial Highlights Revenue breakdown (IDR billion) Gross profit (IDR billion) and Gross profit margin (%) 1,400 70% Recurring revenue Real estate & other revenue 2,931 2,995 ■Gross profit ▲ Gross profit margin 65% 2,712 1,200 1,243 60% 2,396 1,179 2,254 1,000 1,137 55% 1,208 1,221 1,018 1,142 50% 800 843 963 1,336 45% 600 40% 43% 42% 43% 400 35% 1,723 1,774 38% 1,570 37% 1,291 30% 1,060 200 25% 0 20% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 EBITDA (IDR billion) and EBITDA margin (%) Net Income (IDR billion) 1,200 1,000 1,025 950 914 800 60% EBITDA A EBITDA margin 55% 427 (1) 50% 45% 802 600 672 40% 35% 400 35% 35% 33% 30% 150 (1) (1) 141 200 31% 30% 25% 67 (2) 0 45 (2) 20% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Notes: 1 Approximate unrealized foreign exchange loss (non cash) for FY18: IDR 248 billion, FY20: IDR 61 billion 2 Approximate unrealized foreign exchange gain (non cash) for FY16: IDR 135 billion, FY17: IDR 59 billion, FY19: IDR 158 billion - and in FY17 additional 1-off expenses of Rp 175bn as a result of redemption of 2019 senior notes 26#27Balance Sheet Highlights Assets and cash (IDR billion Cash and cash equivalents Debt, Equity (IDR billion) and Debt/Equity (x) Total assets 12,000 1.00 12,185 12,200 ■Total equity Total debt ▲ Debt/Equity 11,784 11,266 10,734 10,000 0.90 6,053 6,307 6,260 5,900 5,638 8,000 0.80 0.72 0.68 0.68 0.66 6,000 0.63 0.70 4,000 0.60 4,041 4,359 4,177 4,240 3,565 2,000 0.50 792 2016 895 884 1,086 1,292 2017 2018 2019 2020 0 0.40 2016 2017 2018 2019 2020 EBITDA/Interest expense (x) (including capitalized interest & hedging fees) Net debt/EBITDA (x) 4.6 3.7 3.4 2.7 2.3 3.1 اس سال 1.9 2.7 1.7 3.7 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 27#28FY2020 Financial Highlights Press Release PT Jababeka Tbk ("KIJA") recorded a total revenue of Rp2,396.1bn (billion) for the full year 2020, an increase of 6% compared to 2019. The Company's Land Development & Property pillar saw revenue increase 42% from Rp873.9bn in 2019 to Rp1,237.1bn in 2020, which was mainly due to the increase in revenue of developed land from Rp422.6bn in 2019 to Rp782.9bn in 2020. Especially the performance from Kendal was strong, where land sales jumped from Rp160.4bn in 2019 to Rp628.5bn in 2020. On the contrary, there was a reduction in revenue from the apartment segment, which saw a decrease from Rp157.9bn in 2019 to Rp88.1bn in 2020, however this decline was largely offset by an increase in sales of houses (increase from Rp75.7bn in 2019 to Rp121.5bn in 2020) and office space and shop houses (from Rp113.2bn in 2019 Rp122.1bn in 2020). The Infrastructure Pillar revenue decreased 18% from Rp1,291.3bn in 2019 to Rp1,060.5bn in 2020, which was mostly the result of a 23% decrease in Bekasi Power's revenue due to more days in reserve shutdown in 2020 compared to 2019. Revenue from the Cikarang Dry Port saw revenue decrease 28% to become Rp145.5bn in 2020. On a positive note, the Service and Maintenance segment from the Company's Infrastructure pillar booked an 8% increase in revenue to become Rp277.2bn in the year 2020 despite the Covid-19 pandemic. KIJA's Leisure & Hospitality pillar posted an 11% increase in revenue to become Rp98.5bn in 2020. This was caused by a strong improvement of land, villa and tourism with revenue growth of 88% compared to 2019, which was mainly due to an increase in number of visitors to Tanjung Lesung. The main contributor in this pillar is the golf segment, which contributed 59% to the total revenue of the Leisure & Hospitality pillar in 2020, compared to 73% in 2019. Recurring revenue from the Infrastructure pillar contributed 44% to total revenue in 2020, compared to 57% in 2019. This lower contribution is mainly the result of significantly more contribution from revenue of the Land Development & Property segment. The Company's gross profit increased 21% to become Rp1,018bn in 2020. At the same time, The Company's consolidated gross profit margin in 2020 increased to 42.5%, compared to 37.4% in 2019. The reason for this increase in gross profit margin is mainly the result of the power plant spending more days in reserve shutdown, which has a positive effect on the gross profit margin of the Infrastructure pillar (25% in 2019 compared to 33% in 2020), and the gross profit margin improvement of the Leisure & Hospitality pillar from 21% in 2019 to 25% in 2020. In addition, the gross profit margin of the Land Development & Property pillar decreased from 58% in 2019 to 52% in 2020, mainly as a result of change in product mix within the Land Development & Property pillar. KIJA's net income decreased to Rp45.3bn in 2020, compared to Rp141.1bn in 2019. The main reason for this decrease is due a foreign exchange (forex) loss in 2020 amounting to Rp60.7bn, compared to a forex gain in 2019 amounting to Rp168.3bn. These amounts are the sum of gains and/or losses on forex and our hedging contracts, which can be found in the financial income, financial expense, and other income/expense section of our FY20 audited report. The Company's EBITDA for 2020 was recorded at Rp802.3bn, up 19% from 2019 when the Company recorded Rp 671.6 billion in EBITDA. The Company achieved Rp898.7bn in real estate Marketing Sales in 2020, about 46% less compared to 2019, mainly due to the Covid-19 pandemic. On a positive note, the performance in the second half of 2020 was more than 2.5x better than the first half of 2020 on the back of an industrial sales pick-up in Kendal and Cikarang, and a successful launch of a landed residential project in Cikarang. Marketing sales from Cikarang contributed 70%, Kendal and others 30%. The Company's full year 2021 marketing sales target is set at Rp 1.4 trillion, which consists of Rp1.Otrillion from Cikarang and others, and Rp400bn from Kendal. Please contact us at [email protected] if you want to be included in the Company's distribution list 28#29FY20 Marketing Sales Total Q1 Q2 Q3 Q4 Description 100% Consolidated / Wholly Owned - Subtotal: Land Plots - Cikarang Unit Area (m2) Amount (RpK) Unit M2 Amount (RpK) Unit M2 Amount (RpK) Unit M2 Amount (RpK) Unit M2 Amount (Rpk) 557 148,609 668,455,644 12 92,966 220,297,389 3 14,761 50 21,417 110,135,468 42,004,500 134 Industrial Buildings - Cikarang 14 11,843 84,872,976 6 3,337 30,877 141,769,857 3 16,722 26,736,000 23,945,413 250 37,988 200,301,556 2 15,314 38,729,988 123 4 3,671 Landed Houses - Cikarang 438 36,643 202,295,840 37 2,789 22,325,368 95 9,680 48,566,731 206 17,684 26,757,391 85,899,505 Commercial/Shop Houses - Cikarang 74 7,157 110,341,523 9 3,867 44,978,600 23 1,138 22,927,914 27 1,319 26,531,827 58,327 216,248,763 4 46,169 112,826,901 4 4,835 34,170,172 100 6,490 45,504,236 15 833 15,903,182 Apartments - Cikarang 19 6,068,390 1 387,000 7 2,897,181 11 2,784,209 Tanjung Lesung, Rental & Other 44,579,526 440,000 16,696,618 19,598,636 7,844,272 Joint Venture - Attributable subtotal: 117,557,904 336,798 1,527,534 51,957,946 63,735,626 Land Plots - Kendal * 51% 7 169,907 216,153,572 2 79,689 95,437,633 5 90,218 120,715,939 Industrial Buildings - Kendal * 51% Apartments - Kawana ** 60% 1 1,608,182 1 1,608,182 Apartments - Riverview *** 51% 48.00 12,460,143 660,388 12 2,995,165 19 4,548,713 17 4,255,877 Total attributable marketing sales 786,013,548 110,472,266 143,297,391 252,259,502 279,984,388 Total marketing sales 613 318,516 898,677,540 50 21,417 110,795,856 146 30,877 144,765,022 272 117,677 301,896,085 145 148,545 341,220,578 * Joint Venture between Jabebeka (51%) and Sembawang Corporation (49%) for the development of Kendal Industrial Park in Central Java **Joint Venture between Jababeka (60%) and Creed Group (40%) for the development of Kawana Golf View Residences in Cikarang *** Joint Venture between Jababeka (51%) and PT PP Property Tbk (49%) for the development of Riverview Residences in Cikarang KIJA achieved Rp898.7bin Marketing Sales in in 2020, about 54% compared to 2019 mainly due to the Covid-19 pandemic. On a positive note, the performance in 2H20 was more than 2.5x 1H20 on the back of an industrial pick-up in Kendal and Cikarang, and a successful launch of a landed residential project in Cikarang 29#30Historical Marketing Sales 2019 2018 2017 Description Unit M2 Amount (Rp) Unit M2 Amount (Rp) Unit M2 Amount (Rp) Land Plots - Cikarang 16 104,269 252,599,124 9 59,077 233,445,682 8 64,166 211,899,435 Land Plots Kendal - 7 583,415 722,891,817 7 132,873 160,188,224 30 10,724 78,192,961 Standard Factory Buildings 20 8,995 67,061,942 20 13,412 98,321,825 209 12,745 124,146,085 Landed Houses 297 26,335 187,416,062 408 32,232 291,682,182 306 14,683 403,522,276 Commercial/Shop Houses 120 11,249 231,372,395 69 21,904 304,234,228 570 - 266,068,746 113 - 63,665,272 263 - Apartments Tanjung Lesung, Rental & Other Total 139,389,418 56 110,405 573 734,263 1,664,396,030 832 369,903 | 1,355,972,257 1,146 234,797 | 1,534,037,512 - 176,955,356 13 132,479 186,693,695 91,144,760 10 - 263,514,314 30#31Debt Overview - As of 31 December 2020 Debt Maturity Profile (in million USD) (¹) ■Standard Chartered Bank Central Asia ■Bank Tabungan Negara Bank Negara Indonesia Global Notes $2.5 $1.9 $1.3 $2.8 $0.6 $0.7 $0.7 $0.3 $300.0 Fixed vs Floating Interest Rate 1% ■Floating ■Fixed 99% IDR vs USD Debt 2% ■ IDR ■ USD 98% 2021 Total Debt as FY2020 2022 2023 2024 IDR 4.24 trillion equivalent (1 USD = 14,105 IDR) - average cost of debt 6.57% p.a. • • Bank Tabungan Negara Bank Central Asia IDR 77bn 11% p.a. Bank Loans (1) • Standard Chartered Bank • Bank Negara Indonesia USD 1.95mn USD 2.5mn IDR 13bn 5% p.a. 3M LIBOR + 4.15% p.a. 11.75% p.a. Senior Notes Hedging Practice US$ 300 million Guaranteed Senior Notes Due 2023, Coupon of 6.5% p.a. Construction Loan (JV w PT PP - Riverview) Project loan (warehouse in logistics park) Working Capital at Bekasi Power Construction Loan (JV with Creed - Kawana) • US$ 200 million notional is hedged by means of call spreads with an average lower strike of 13,021 Rupiah and an average upper strike of 15,997 Rupiah Recurring revenue provides stability and visibility of cash flows, which are partially based on USD pricing terms (power & water) providing a natural hedge for USD-denominated interest expenses Notes: 1 Excludes Rp2bn working capital facility at PT Banten West Java at 9% average interest rate & Finance Lease payables amounting to Rp2.2bn 31#32Management Team Average of more than 25 years of industrial township development experience Board of Commissioners SEKA STR Setyono Djuandi Darmono President Commissioner (Founder) BEKA USTR Bacelius Ruru Vice President Commissioner Independent Commissioner Board of Directors BEKA BEKA Hadi Rahardja Commissioner (Founder) Gan Michael Commissioner BEKA EK EK SEKA BEKA USTRI USTR USTRI USTRI BEKA USTR Budianto Liman President Director Hyanto Wihadhi Director Sutedja Sidarta Darmono Director Tjahjadi Rahardja Setiawan Mardjuki Basuri Tjahaja Purnama Director Director Director 32#33KIJA NAV - As per 31 December 2020 Land bank Cikarang Inventory Size (ha) 160 ASP (Rp million) NAV (Rp bn) 4.00 6,402 Land for Development* 1,080 0.55 5,942 Kendal Inventory 1.50 Land for Development* 560 0.35 1,960 Tanjung Lesung Inventory 22 1.00 223 Morotai Land for Development* Inventory 1,473 0.25 3,683 465 0.20 931 Land for Development 1,328 0.02 265 Subtotal land bank Infrastructure & Others (DCF) Add (cash, advances, investments in associates, deposits, etc) Deduct (loans, customer advances, etc) Total NAV Number of shares (billion): NAV per share Share Price (as at Dec 2020) Discount to NAV * Replacement value 19,407 2,676 2,691 (5,407) 19,367 20.53 943 214 77% Disclaimer: The purpose of this section is to provide shareholders, bondholders, analysts, brokers/dealers, potential investors and other capital market participants with a general overview of the Company's internal net asset value (NAV) calculation. The information is provided for quick reference only. The information provided is not an offer to sell securities or the solicitation of an offer to buy securities. The information has been compiled from sources believed to be reliable. The information contained in this section is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. The Company makes no representation regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors in or omissions from, any information contained herein. 33#34Thank You www.jababeka.com JABABEKA & CO.