Investor Presentaiton

SPENDING A switch to more productive usage Spending by category | % of total Government spending Budget for education program 25% Energy Subsidy A 2018: 2014 73.0% Infrastructure A 2018: 2014 130.9% 20% 15% 10% 5% | IDR tn IDR tn 492,5 500 435,0 450 406,0 390,3 400 370,8 353,4 350 300 250 200 18.5% 150 Rp 410.7 T 100 50 0 2014 Real 2015 Real 2016 Real 2017 Real 2018 Outlook 2019 Budget Budget for health program | IDR tn IDR tn 125 100 4.3% 75 65,9 Rp 94.5 T 59,7 50 50 25 0% 2012 2013 2014 2015 2016 2017 2018 0 Energy Subsidy ■Infrastructure 123,1 107,4 91,4 92,4 2014 Real 2015 Real 2016 Real 2017 Real 2018 Outlook 2019 Budget

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