Investor Presentaiton

Highlight of the Month What's New Economic Recovery Program and Its Updates ...page 6-10 Accelerated Reforms Agenda Supported by Institutional Improvement and Progressive Infrastructure Development Prudent Pandemic Management and Continued Economic Recovery Big but measured steps including a strong vaccination program Synergy between institutions nationwide Responsive and flexible Government Budget Resilient economic performance Continued National economic recovery momentum, reflected by 5.03% (yoy) economic growth in first quarter of 2023, driven by high exports and growing domestic demand in. ... page 32 Fiscal & Financing Policy Update Rating Agencies Fitch Ratings ...page 87-104 Bank Indonesia Board of Meeting Decision MOODY'S S&P Global R&I Rating and lavestuest Information, Inc. BBB (Stable) Baa2 (Stable) BBB (Stable) BBB+ (Positive) ...page 107 Affirmation of Investment Grade and Sovereign Credit Rating Outlook Improvement Standard and Poor's (S&P) has affirmed Indonesia's Rating (Outlook) Sovereign Credit Rating at BBB with a stable outlook on July 4, 2023, with the key factors namely the economy's sound growth prospects, historically prudent policy, and rapid fiscal consolidation. The stable rating outlook reflects the solid economic growth over the next two years which will support fiscal performance and debt stabilization. Meanwhile, Rating and Investment Information, Inc. (R&I) has upgraded Indonesia's outlook to positive from stable and affirmed its Sovereign Credit Rating at BBB+ as announced on July 25, 2023. Several key factors support this decision, encompassing Indonesia's robust economic performance and its resilience amid global economic uncertainty, achievement of inflation and fiscal deficit within the targeted range earlier than expected, maintained financial stability, and declining trend in government debt ratio. 2

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