Investor Presentaiton

Highlight of the Month What's New National Economic Indicators ...page 5-10, 42 Fiscal & Financing Policy Update Preserved Economic Resilience Amidst Global Uncertainty Strong Synergy and Collaboration among Institutions Nationwide, including Sub-National Government Robust Economic Recovery by ... page 66-68, 71-77 External Sector, Monetary & Bank Indonesia Board of Meeting Decision ...page 46-50, 79-81 Banking & Non-Banking Performance ...page 82-88 Rating Agencies Fitch Ratings MOODY'S S&P Global R&I Rating and vesturest Information, Inc. Continued National economic recovery momentum, reflected 4.94% (yoy) economic growth in the third quarter of 2023, driven by strong domestic demand. Affirmation of Investment Grade Sovereign Credit Rating Rating (Outlook) BBB (Stable) Baa2 (Stable) BBB (Stable) BBB+ (Positive) Fitch Ratings (Fitch) has affirmed Indonesia's Sovereign Credit Rating at BBB (one level above the lowest investment grade) with a stable outlook on September 1, 2023. Key factors supporting the affirmation include a favorable medium-term growth outlook and a low government debt/GDP ratio, despite challenges coming from government revenue as well as lagging structural features, such as governance indicators, compared to those from 'BBB' category peers. While several external finance metrics, such as current account, are stronger than pre- pandemic levels, but they should normalise within the next few years, assuming further falls in commodity prices. 2

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