Investor Presentaiton

Disciplined and Sophisticated Debt Portfolio Management Stable Debt to GDP Ratio Over the Years IDR Tn Prudent Fiscal Deficit Government Debt / GDP (%) 38.68% 500 442 446.3 0.0% 407 414.52 Debt Outstanding (Triliun IDR) 362 6,000.0 30.18% 852.9 5,000.0 29.40% 29.81% 27.43% 28.33% 40.00% 400 35.00% 300 30.00% -0.5% 24.74% 764.5 200 -1.0% 4,000.0 810.7 25.00% 746.2 100 3,000.0 2,000.0 734.8 20.00% 19 755.1 5,221.7 0 677.6 15.00% 3,612.7 3,248.6 4,014.8 -100 10.00% -58 2,780.6 -4 -69 (20) (56) 2,410.0 1,000.0 1,931.2 5.00% -200 0.00% -300 -2.5% -2.5% 2014 2015 2016 2017 Bond Loan 2018 2019 Debt/GDP Ratio [RHS] Dec-20 -2.6%298 (308) -400 14 11111 -1.5% -1.8% (66) (9)(35) -2.0% -2.2% -2.5% (269) (341) (349) -3.0% 2015 2016 2017 2018 2019 Note: *) as of end of December 2019, **) Preliminary number using GDP assumption Weighted Average Debt Maturity of ~8.47 Years GS Nett Non-Debt Well Diversified Across Different Currencies Loan Nett Surplus (Deficit) Budget % of Yearly Issuance Average Time to Maturity (year) 1% 1% 1% 1% 1% 100% 7% 6% 6% 5% 5% 10 9.75 4% 4% 4% 5% 80% 9.39 9.5 31% 29% 27% 23% 30% 9.13 60% 9 8.68 8.52 8.47 8.37 8.5 40% 57% 59% 58% 62% 66% 8 20% 7.5 0% 2014 2015 2016 2017 2018 2019 Dec-20 ATM 2016 2017 2018 2019 Dec-20 ■IDR ■ USD EUR ■ JPY ■ OTHER 77

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