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Strengthened Private External Debt Risk Management Debt Burden Indicator (External Debt/GDP) Remains Comparable to Peers Rating Encouraging Corporates Compliance on Hedging Ratio & Liquidity Ratio External Debt/GDP (%) Uruguay Hedging Ratio* Philippines Panama Mexico Kazakhstan Indonesia Colombia 邀 5,9106 3436,6 67,7 79.4 87,2 279 corporate s (11.1%) 2022 2021 2020 42,7 81,3 88,9 96,2 313339, 53492 37,2 Source: Moody's Credit View Fundamental Data, September 2022 Regulation on Prudential Principle in Managing External Debt Regulation Key Points Object of Regulation 1 Jan 17 & beyond Governs all foreign currency Debt Hedging Ratio ≤ 3 months > 3-6 months Liquidity Ratio (≤ 3 months) Credit Rating Hedging transaction to meet hedge ratio Sanction 25% 25% 70% Minimum rating of BB- (State-owned Enterprises) Must be done with a bank in Indonesia Applied Source: Bank Indonesia ≤ 3 months 2236 corporates (88.9%) Liquidity Ratio* 323 corporates (12.8%) 147 corporates (5.8%) > 3-6 months 2368 corporates (94.2%) 2192 corporates (87.2%) ■Comply Not Comply *Data as of Q3-2022, with total population 2,515 corporates Source: Bank Indonesia 80 60

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