#1Alam Sutera GREAT PT Alam Sutera Realty Tbk Investor Presentation November 2023 Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY www.alamsuterarealty.co.id#2Alam Sutera GREAT Our Company Township Development Main Projects Property Investment Marketing Sales and Operational Performance Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 2#3Alam Sutera GREAT Who We Are Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY A leading property company in Indonesia Own large, well-located and valuable landbank Evolve from a single-project developer to multi-project developer A township developer, established in 1994 and listed on the Indonesia Stock Exchange since December 2007. Well-located and large scale urban townships comprising of high quality residential and commercial properties, ancillary facilities and infrastructure. Proven property development track record. Owns and controls a large, well-located, and valuable landbank. Sufficient to sustain operations for the next 15 to 20 years. ■Successful track record in landbank replenishment and growth. Started with the Alam Sutera flagship township, a 800 ha development located at the western part of Jakarta. ■ Successfully replicated the core township development business model with Suvarna Sutera project in Pasar Kemis. Diversified Company's revenue and customer base. ■ Started to expand our operation outside Tangerang area. 3#4Alam Sutera GREAT Corporate Structure PT Tangerang Fajar Industrial Estate 25.72%* The Ning King Family Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY PT Manunggal Prime Development PT Argo Manunggal Land Development Public 21.66%* 0.66%* 51.96 Note: The ownership structure is as of 2022 PT ALAM SUTERA REALTY Tbk#5Alam Sutera GREAT Management Team Haryanto Tirtohadiguno President Commissioner Board of Commissioners Prasasto Sudyatmiko Independent Commissioner Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Board of Directors Angeline Sutedja Commissioner Leo Yulianto Sutedja Commissioner Joseph Sanusi Tjong President Director Lilia Setiprawarti Sukotjo Director Pingki Elka Pangestu Independent Commissioner RM Frangky AD Director Andrew Charles Walker Non-Affiliated Director 5#6Alam Sutera GREAT Portfolio Overview 1 Tangerang, Banten: The majority of our projects are located in this region including Alam Sutera township, Suvarna Sutera township and Ayodhya by Alam Sutera 2 Jakarta: We own two office towers in CBD area namely The Tower and Wisma Argo Manunggal (WAM) 3 3 Garuda Wisnu Kencana Cultural Park Bali: 2 Sawangan: We commenced our first project in Southern part of Jakarta, named Sutera Sawangan in 2021 3 Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Focus on residential and commercial development in western part of Jakarta and Bali. In 2021, we commenced a project in a new location at Sawangan, southern part of Jakarta. 9#7Alam Sutera GREAT Our Company Township Development Main Projects Property Investment Marketing Sales and Operational Performance Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 7#8Alam Sutera GREAT Township Location SAINA SUTRA NGAR KEMS SOEKARNO HATTA AIRPORT Alam Sutera my boy Ning River Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Cilengsi River Debgai River JANA-COMPEK TOLL ROAD 8#9Alam Sutera GREAT Alam Sutera Township MAP OF ALAM SUTERA b EDITION, 2022 TO MERAK Weiten lane A The Commanditester Color spvouwend in Alm Lutera a harmonized township with camalere facil tim and amate arenashire, the te mar road and clear border secorating Town Center and townow, your whole family will asly te vrnited with an integrated carat Experience lie in Farmerw through the education: stars, commccators, or spectations, not stopping. arid regis fili Wecone to Alam Sutera Alam! Sutera BENDENTEN & PESTYLE FRENITY TO SOEKARNO-HATTA INTERNATIONAL A AIRPORT TO OM JAKARTA ARTA MERDAY ***** ARTA GUTER PİZƏ D Le Police Resta Pendentiar • Alam Sutera township is our first township which is located approximately 15 km from Jakarta. Total development is 800 ha and divided into 2 phases (residential and commercial). We launched the first cluster within the township in 1994 and to date have launched 39 cluster. Main projects: Winona Cluster, Elevee Penthouses and Residences and Nykka Cluster and The Gramercy @ ை The Best Town For Cyclion ERemains Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Winona Cluster Lloyd 0#10Alam Sutera GREAT Suvarna Sutera Township SUVARNA SUTERA Alam Sulana CROUP PINTU TOL BALAHAJA NURO 35 VBANGAN JALAN TOL JAKARTA MERAK RENCANA TOL SENANAN-BALARAJA Residential PADI GOLF ESTATE JATI A ALAM AS ALAM SIGNATURE B BAYU BP BAYU PREMIERE C CITRA A PURI AYU AREA PENGEMBANGAN B. MAHONI © CEMPAKA D AKASIA Pad AKTU ם L. RAYA PASAR KEMS MARKETING OFFICE SUVAK SLITERA KE JAKARTA E PURI AGUNG FPONDOK CENDANA G MERANTI H PONDOK DAMAR SARI A ANDARA B BAHANA D DHANA E ELYSIA FEDORA FEDORA PARK G GIRI H HELIOS HELIOS PRIME INDIRA C CHIARA D DARU E ELDORA F FLAVIO RESPATI ASTHA BASANTA PADMA A ABIRA B BIANCA • • CCATRIONA ▸ DAKOTA Commercial and Supporting Facilities A KEDATON GOLF B PADI SPORTS CENTER J MASJID NUR SS K PASAR 8 SS L RUKO TERRACE & M ALFAMIDI SUPER D SUVARNA HUB N RUKO EVERGREEN C SAMANEA MARKET INDONESIA Suvarna Sutera Township is our second township, located at Pasar Kemis, Tangerang, 15 km away from Alam Sutera township. The Company has developement license covering 2,600 ha area. Phase one development is ±900 ha. From 2011 until 9M2023, we have managed to sell more than 7000 houses, land lots and shophouses in Suvarna Sutera Township. HAPPY WALK F SPBU SHELL G RESERVOIR H SEKOLAH LAURENSIA SPORTS LOUNGE SARI O RUKO TERRACE 9 P RUKO FEDORA RETIREMENT CENTER R UNIVERSITAS S RUKO ASTHA ARCADE T POLSEK PASAR KEMIS Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Eldora Cluster Astha Cluster 10#11Alam Sutera GREAT Our Company Township Development Main Projects Property Investment Marketing Sales and Operational Performance Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 11#12Alam Sutera GREAT 05 Main Project – Basanta Cluster - SUVARNA SUTERA Alam Sulma GROUP U PINTU TOL BALARAJA TIMUR-KM 35 AREA PENGEMBANGAN Location AREA PENGEMBANGAN Padi Basanta Respati MAYA PASAR KEMIS JALAN TOL JAKARTA MERAK PINTU TOL CIHUPA PASAR KEMS KM31 MARKETING OFFICE SUVARNA SUTERA KE JAKARTA Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Basanta Cluster Location Launch date Land site area Land size per unit : Suvarna Sutera Township : 2Q 2023 : 7.2ha : 72 sqm - 96 sqm Building size per unit : 87 sqm-122 sqm Price range : IDR 1 bn - IDR 1.5 bn Marketing sales (as Sept'23) : IDR 126 bn 12#13Alam Sutera GREAT Main Project - Meranti Cluster (phase 2) Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Tipe Mandevilla 10 x 26 PINTU TOL BALARAJA TIMUR-KM 35 AREA PENGEMBANGAN JALAN TOL JAKARTA MERAK Location adma AREA PENGEMBANGAN Meranti Cluster (phase 2) Location Launch date : Suvarna Sutera Township : 3Q 2023 Land site area : 7.8ha KAWASAN PUSAT BISNIS Land size per unit : 105 sqm - 298 sqm Building size per unit : 123 sqm - 248sqm Price range : IDR 1.8 bn - IDR 4bn Padi PINTU TO CHUPA JL. RAYA PASAR KEMIS MERANTI MARKETING Onco SUVARNA SUTERA KE JAKARTA Marketing sales (as Sept'23) : IDR 37 bn 13#14Alam Sutera GREAT Main Project – Escala - Alam Sutera Masterplan MASTERPLAN ESCALA DOWNTOWN ALAM SUTERA RESIDENTIAL COMMERCIAL EDUCATION SOEKARNO HATTA INTERNATIONAL AIRPORT (N • Escala, the Central Living District of Alam Sutera, features high value commercial lots at the most prime location in Alam Sutera. Divided into 4 blocks, each one possesses a unique advantage with varying land sizes. Mall Alam Sutera A The PromineNCE Office Tower Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Alam Sutera Masterplan Shell Jakarta Premium Outlet B D C Elwee Penthouse & Rexidence 14 7#15Alam Sutera GREAT Main Project - Evergreen Shophouses Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY SUVARNA SUTERA Odee.... INSTYLE REBEAU BeanTalk Alam Sutera GROUP B AREA EVERGREEN CERASA Location RENCANA TOL BONARA BACARICIA Evergreen Shophouses Location Launch date : Suvarna Sutera Township : 3Q 2023 AREA PEN Land site area : 6.5 ha Land size per unit : 60 sqm - 72 sqm Respatt Building size per unit : 108 sqm - 189 sqm Price range Marketing sales (as Sept'23) : : from IDR 1.8bn - IDR 2.5bn IDR 21 bn HALAHAIA TIM JALAN TOL JAKARTA MERAK 15 KE JAKAR#16Alam Sutera GREAT Main Project - The Gramercy PASAR 8 FLAVOR BLISS BGA Where HOME H All The RIGHT NOTES MERCURE HOTEL ARMA 068 sqm 5-1 Bedrooms 6+1 Bathrooms Revere e power of dreams and the indueace of the human spirit. This quote inspired the design of the 68 an ARMA with 5+1 bedrooms, and 6+1 luxury bathroom. We support the power of imagination in creating a meaningful life Location HOTEL TENTREM LIVING WORLD EMC A center of development and a desirable place for better living due to its well-planned infrastructure, comprehensive amenities and a focus on creating a harmonious and green community. BINUS ASO ST LAURENTIUS CHURCH ST. LAURENSIA SCHOOL D Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY The Gramercy Location : Alam Sutera Township Launch date : 4Q 2023 THE GRAMERCY LOUNGE (sports Center) Land site area : 7.5 ha Land size per unit : 312 sqm - 600 sqm THE GRAMERCY Building size per unit : 398 sqm 568 sqm - Price range : from IDR 16bn/unit Marketing sales (as Sept'23) : IDR 226 bn 16#17Alam Sutera GREAT Main Project - Elevee Penthouses Location Exit Tol Serpong Tal Jakarta Tangerang Jl Raya Serpong Hall@Alam Sutera Bins Alam Sutera Elle Synergy Building Paddington Hagh Skewood Residences Alfa Tower AllFresh LLOYD Crystal 8 J Flavor B Omni Hospital Kino Towar Jl. Jalur Su Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Elevee Penthouses and Residences Location : Alam Sutera Township Soekarno-Hatta International Airport Exit Km 15 Kunciran/Allam Sutera Launch date : 1Q 2021 cathion IKEA Land site area : 4 ha Towers launched : 2 Auto 2000 The Promin Office Tower Unit types : 87.8 sqm-243.8 sqm U Price range Marketing sales (as Sept'23) : from IDR 2bn IDR 968 bn Bank BCA Giant P8 Living Tentrem Hotel 曲 World Mercure Hotel Sports Center Santa Laurentia School 17#18Alam Sutera GREAT Main Project - Winona Cluster THE JL RAYA SERPONG Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Location Live at The Heart of Alam Sutera Future Access to Sorkamo-Hatta International Airport Winona Cluster Location Launch date Land site area : Alam Sutera Township : 3Q 2020 : 4.5 ha Land size per unit 108 sqm - 232 sqm JAKARTA-TANGERANG TOLL ROAD Exit Km 15 Kunciran/ IKEA Alam Sutera Building size per unit : 195 sqm - 287 sqm Decathlon Mall a Alam Sutera Binus University Alam Sutera Corbers Eleve Synergy Bunding Auto 2000 Paddington Heights Silwood Residence Prominence Office Towar Alta Tower Price range : from IDR 3.6bn/unit Weston Lang W LLOYD All Fresh Kino Tower Mahitala Towar Saumata Sutera Tara Sutera Palma Sutara Ony 15C Crystal 18 Sutera Sitara Sutora Palmyra NORTH KUNCIRAN SERPONG TOLL ROAD Marketing sales (as Sept'23) : IDR 1.2tn Pasar 8 The BCA Flavor Bliss Sports 00 Center Mercuro Living World OMNI Hospital Hotal St. Laurensa School Gant KFC 18#19Alam Sutera GREAT Main Project - Sutera Sawangan SOTERA SAWANGAN COCO ALAM SUTERA KARTA-SERPONG PAMULANG SQUARE TO SERPONG VIA PAMULANG BARI ASIH HOSPITAL SERPONG CINERE TOLL ROAD PAMULANG UNIVERSITY Location FLYOVER GAPLEK TO SERPONG VIA PARUNG THE PARK MALL LEGENDS Main Road Toll Road Toll Road (Feature Developmans) Toll Care/Exte Flyover CARREFOUR LEBAK BULUS UIN LEBAK BULUS POINS MRT PONDOK CABE MRT Fan PONDOK CABE AIRPORT SAWANGAN INDOGROSIR MFARMERS MARKET JL. PD. CASE PAYA Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Sutera Sawangan Location : Sawangan TO JAKARTA Launch date : 4Q 2021 PONDDE PINANG -THI TOLL ROAD Land site area : 4 ha SQUARE DEPOK-ANTASARI TOLL ROAD RAGUNAN 200 Land size per unit : 96 sqm-148 sqm Building size per unit : 103 sqm-113 sqm JL. SASAK RAYA N Price range : from IDR 1bn/unit UNIVERSITY OF INDONESIA Marketing sales (as Sept'23) : IDR 259 bn BRAWIJAYA HOSPITAL CINERE-JAGORAMI TOLL ROAD JL. RAYA MUCHTAR JL. RAYA SAWANGAN MC DONALDS TO DEPOK VIA SAWANGAN TO BOGOR 19#20Alam Sutera GREAT Main Project - Astha Cluster 18 19 19 SUVARNA SUTERA PINTU TOL AREA PENGEMBANGAN BALARAJA TIMUR-KM 35 JALAN TOL Jati Location Padma -MERAK AREA PENGEMBANGAN KAWASAN PUSAT BISNIS Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY Astha Cluster Location Suvarna Sutera Township Cluster Launch date : 3Q 2022 ASTHA Land site area : 7 ha Land size per unit : 60 sqm - 80 sqm Building size per unit : 63 sqm - 82 sqm Price range : from IDR 800 mm RAYA RAJEG PASAR KEMS Marketing sales (as Sept'23) : IDR 183 bn Padi PUTOL CHUPA MARKETING OFFE SUVARNA SUTERA KE JAKARTA 20#21Alam Sutera GREAT Office Towers THE TOWER The Tower Project Details Location Launch date Semigross area : CBD Jakarta : 2013 : 56,491 sqm Marketing sales (as Sept'23) : IDR 351 bn • • As Sept 2023, we have sold around 8,000 sqm area at The Tower. Starting 2021, we have also managed to lease out around 31,000 sqm area to one anchor tenant. Current occupancy rate is 70%. PROMIN OFFICE TOWER Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY The Prominence Project Details Location : Alam Sutera Township Launch date : 2013 Semigross area : 50,882 sqm Marketing sales (as Sept'23) : IDR 448 bn 21#22Alam Sutera GREAT Our Company Township Development Main Projects Property Investment Marketing Sales and Operational Performance Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 22#23Alam Sutera GREAT Garuda Wisnu Kencana Overview A private cultural park on the Bukit Peninsula at the southern end of the island of Bali in Indonesia, 15 minutes from Ngurah Rai International Airport. This ± 60 ha mixed- use development is completed with commercial areas. In August 2018, we have completed the construction of Garuda Wisnu Kencana Statue. The statue is 75m high and is made of copper and built in the hill at 130m altitude above the sea level, standing on 50 meter pedestal. The statue is a major tourist attraction to the park. In November 2022, GWK has been chosen as G20 welcoming dinner venue. The event was very successful and gained international attention. Pictures Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY 23#24Alam Sutera GREAT Property Investment Mall @ Alam Sutera malluam sundid matua malliko Hom Mall @Alam Sutera Leasable area Height Parking capacity Grand opening Anchor tenants Occupancy rate : ± 79,681 sqm : 5 floors (3 retail floors, 2 parking floors) : 2.500 cars 12 December 2012 Aeon Store, Cinema XXI, Fun world, Gold's Gym. : 65% (as of Sept'23) Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY • . The Opening of AEON Supermarket On the 14 September 2023, AEON has officially opened their store at our Mall @Alam Sutera and it has been receiving positive responses from the public. Since the opening day, we have started to see improvements on the Mall's footfall. N 24#25Alam Sutera GREAT Our Company Township Development Main Projects Property Investment Marketing Sales and Operational Performance Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 25#26Alam Sutera GREAT 9M2023 Marketing Sales Performance Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY IDR bn 5,000 4,500 4,000 3,225 3,500 3,112 2,964 In 9M2023, we booked IDR 1,550 bn of marketing sales. The main contributor was residential houses and land lots, followed by commercial lots and shophouses. ■As of September 2023, we have launched four projects i.e. Basanta Cluster and Meranti Cluster (phase 2) at Suvarna Sutera. Escala Central Living District at Alam Sutera and Evergreen shophouses at Suvarna Sutera. 2,794 267 3,000 335 491 321 2,500 1,141 432 Payment Profile 2,000 816 1,717 Hard Cash 1,550 9M2023 Cash Installment Mortgage 1,500 139 Alam Sutera 5% 49% 46% 472 1,000 2,034 1,637 1,653 Suvarna Sutera 7% 14% 79% 1,235 500 938 Consolidated 5% 37% 58% 2019 2020 O Residential houses and land lots 2021 2022 9M2023 ■Commercial lots & shophouses Apartment 26#27Alam Sutera GREAT Financial Highlights Income Statement Description (in IDR bn) 9M2023 Revenue 9M2022 % Change Description (in IDR bn) Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Balance Sheet and Financial Ratios 9M2023 2022 2,485.5 2,745.3 -9% Cash and cash equivalents 1,349.3 1,438.1 Total Asset Gross Profit 1,330.1 1,489.1 -11% % of Rev 54% 54% Total Debt Operating Income 963.5 1,135.7 -15% % of Rev 39% 41% Total Equity LTM EBITDA 2,184.1 1,871.7 17% Debt to Equity % of Rev 52% 49% 22,601.6 22,298.9 6,334.0 6,609.5 10,857.1 10,642.6 58% 62% Net Debt to Equity 41% 44% Net Income 212.1 114.3 85% % of Rev 9% 4% 27#28Alam Sutera Recurring Income GREAT Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY We have been seeing improvement in recurring income post pandemic and are expecting to see similar trend in the coming quarters. 700 600 639 26% 556 132 512 500 437 414 442 147 161 400 11 73 106 329 320 29 300 236 227 259 231 218 200 174 3 11 100 10 183 165 135 145 104 113 122 2018 2019 2020 2021 2022 9M22 9M2023 ■Town management ■Recreation and sports ■Rent & Other Hospitality ■Tourism / GWK#29Alam Sutera GREAT Debt Maturity Profile USD mm Debt Maturity Profile (as of End Sept 2023) Description 300 250 200 150 100 50 50 2023 Note: USD/IDR as of Sept 2023 15,526 : USD Bonds Bank loans 27 228 18 19 2024 2025 • • • Notes Rating Alam Sutera RESIDENTIAL & LIFESTYLE COMMUNITY Remaining Bond Details Coupon Payment 2025 Bonds USD 251 mm 6.25% p.a (for first year) due 2025 Caa1 (Moody's) B- (Fitch) May 2 and Nov 2 of each year starting May 2, 2021 Key Highlights We have successfully refinanced our 2024 bonds through tender offer in November 2022 resulting in an improved debt maturity profile and a more balance debt structure. As of December 2022, we have entered into a total of USD 120 million Non-Deliverable USD Call Spread Option with various USD/IDR spread from 14.250 up to 16.500. We plan to add more hedges going forward. As of September 2023, the 2025 outstanding bonds was IDR 246.7 mm. 29#30Empty#31Thank You Sutera Alam RESIDENTIAL & LIFESTYLE COMMUNITY 31