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4Q19 Net Loss Compared to 4Q18 QSOLIPPO PT LIPPO KARAWACITOK (in Rp million) 4Q19 4Q18 Total Revenues 4,046,249 3,184,641 Change 861,608 % COGS 2,738,595 1,804,390 934,205 Gross Profit 1,307,654 1,380,251 (72,597) -5% FY19 27% 12,320,248 52% 7,724,006 4,596,242 FY18 11,452,799 Change % 867,449 8% 6,200,783 1,523,223 25% 5,252,016 Operating Expenses 1,106,494 1,015,700 90,794 9% 4,003,429 Operating Profit 201,160 364,551 (163,391) -45% Other Income 299,462 1,131,279 (831,817) -74% Other Expenses 670,348 486,176 184,172 38% Income Before Tax (169,726) 1,009,654 (1,179,380) -117% 592,813 721,361 2,836,264 (1,522,090) (655,774) -12% 3,587,467 415,962 12% 1,664,549 (1,071,736) -64% 3,337,958 (2,616,597) -78% Tax Expenses 198,813 Profit for the Period (368,539) Non Controlling Interest (110,174) 230,968 778,686 (720,879) (32,155) -14% (1,147,225) -147% 610,705 -85% 539,328 (2,061,418) 2,764,562 2,237,945 575,260 71,702 (3,760,035) -168% 3% (35,932) -6% 1,662,685 (3,724,103) -224% (78,119) 942,708 (1,020,827) -108% Profit for the period attributable to owners of the parent (258,365) 1,499,565 (in Rp million) 4Q19 4Q18 Change (1,757,930) -117% % Total Revenues 4,046,249 3,184,641 861,608 (1,983,299) FY19 27% 12,320,248 719,977 (2,703,276) -375% FY18 11,452,799 Real Estate Development 1,264,084 640,613 623,471 97% 2,974,746 3,093,071 Healthcare 1,802,225 1,568,652 233,573 15% 7,017,920 5,964,650 Change % 867,449 8% (118,325) -4% 1,053,270 18% Malls 195,433 153,831 41,602 27% 506,340 403,802 102,538 25% Others (Management Services) 752,142 792,090 (39,948) -5% 1,696,069 1,777,987 (81,918) -5% Fund Management & Investments 32,365 29,455 2,910 10% 125,173 213,289 (88,116) -41% COGS 2,738,595 1,804,390 934,205 52% 7,724,006 6,200,783 1,523,223 25% Real Estate Development Healthcare 918,240 1,295,579 226,528 691,712 305% 2,080,267 1,239,131 841,136 68% 1,044,773 250,806 24% 4,730,517 4,035,795 694,722 17% Malls 314 Others (Management Services 524,462 2,317 530,772 (2,003) -86% (6,310) -1% 1,334 911,888 4,299 921,558 (2,965) -69% (9,670) -1% Fund Management & Investments Gross Profit 1,307,654 1,380,251 (72,597) 0% -5% 0% 4,596,242 5,252,016 (655,774) -12% 24

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