Investor Presentaiton

Disciplined and Advanced Debt Portfolio Management Stable Debt to GDP Ratio Over the Years Prudent Fiscal Deficit IDR Tn Government Debt / GDP (%) 1,500 10% 7,000.00 39.36% 40.51% 45% 1,177 8% 1,000 6,000.00 40% 842.46 6% 5,000.00 4,000.00 27.46% 28.34% 29.40% 29.81% 30.18% 852.91 35% 500 407 442 446 362 358 4% 24.68% 30% 764.48 - 2% 810.74 25% 19 14 50 746.32 3,000.00 2,000.00 1,000.00 1,931.22 677.54 2,410.01 2,780.86+ 734.85 3,248.93 3,612.69 4,014.80 5,221.65 5,727.71 20% 4 -58 -69 (20)56) (66) (9135) (36) - 0% 15% -298 (500) (308) (269) (341) (349) -2% 10% -1.8% -2.2% -2.6% -2.5% -2.5% -4% 5% (1,000) (956) -6% 0% -6.1% 2014 2015 2016 2017 2018 Bond Loan 2019 Debt to GDP 2020 Jul-21 (1,500) -8% 2015 2016 2017 2018 2019 2020 Weighted Average Debt Maturity of ~8.86 Years IGS Nett Loan Nett Non-Debt Surplus (Deficit] Budget --Ratio Deficit to GDP Well Diversified Across Different Currencies 6 8.5 10 9.75 9.39 9.5 9.13 8.68 8.52 8.5 8.37 % of Yearly Issuance 100% 1% 1% 1% 1% 1% % 7% 6% 5% 5% 4% 4% 5% 80% 8.86 31% 29% 30% 27% 23% 22% 95 60% 8 40% 57% 59% 58% 62% 66% 68% 7.5 20% 2014 2015 2016 2017 2018 2019 2020 Jul-21 0% ■ ATM 2016 2017 2018 2019 2020 Jul-21 Source: Ministry of Finance IDR USD EUR JPY ■ OTHER 83

View entire presentation