Investor Presentaiton

9M22 Financial Highlights PT Jababeka Tbk ("KIJA") recorded a total revenue of Rp 1,737.0 billion for the first three quarters of 2022, an increase of 5% compared to the same period of 2021. This increase in revenue was mainly the result of higher contribution from the Land for Development & Property Pillar. The Company's Land Development & Property pillar saw revenue increase 16% to Rp 747.1 billion in 9M22, from Rp 644.5 billion in 9M21. This increase in revenue was mainly the result of a better overall performance of property sales. Sales of developed land increased to Rp 328.6 billion in 9M22 from Rp 322.9 billion in 9M21, an increase in sales of land and houses to Rp 138.5 billion in 9M22 from Rp 115.7 billion in 9M21, an increase in sales of office spaces and shop houses to Rp 111.1 billion in 9M22 from Rp 69.2 billion in 9M21, an increase in sales from apartments to Rp 65.5 billion in 9M22 from Rp 58.8 billion in 9M21, and an increase in sales of land and factory buildings to Rp 61.4 billion in 9M22 from Rp 33.9 billion in 9M21. The Infrastructure Pillar revenue decreased 3% to become Rp 909.4 billion for the first three quarters of 2022, from Rp 938.8 billion over the same period of 2021. The main reason for this decrease was due to a decrease in revenue from Bekasi Power to Rp 515.0 billion in 9M22, from Rp 578.4 billion in the same period of 2021 last year primarily due to a lower average gas price during the period in 2022. On the contrary, the Company did record Rp 58bn of un-invoiced amounts from the period October 2021 - January 2022. On the other hand, dry port and service & maintenance saw revenue increase by 20% and 3% respectively in 9M22. Dry port revenue increased because of a 4% increase in TEU throughput from 54,197 TEU in 9M21 to 56,237 TEU in 9M22 and an increase in tariff. In addition, clean water volume provision from the Company's infrastructure services saw an increase of 7% from 10.6 million cubic meter in 9M21 to 11.4 million cubic meter in 9M22, while treatment of wastewater volume increased 10% from 4.2 million cubic meter in 9M21 to 4.6 million cubic meter in 9M22. KIJA's Leisure & Hospitality pillar posted an increase in revenue to Rp 80.5 billion in the first three quarters of 2022 from Rp 69.3 billion in the previous year. This increase in revenue mainly came from the Golf segment, which saw revenue increase to Rp 55.7 billion in 9M22 from Rp 44.8 billion in the first three quarters of 2021. The recurring revenue generated from the Infrastructure Pillar amounted to 52% from total revenue in the first three quarters of 2022, compared to 57% in the previous year. This lower contribution is mainly the result of significantly higher contribution from revenue of the Land Development & Property segment. The Company's gross profit increased 36% to become Rp 864.2 billion in 9M22. At the same time, KIJA's consolidated gross profit margin for the first three quarters of 2022 was recorded at 50% compared to 38% in 9M21. The increase in gross profit margin is mainly due to more relative contribution from the Land Development & Property pillar and more recognition of developed land from Cikarang in 9M22 compared to 9M21. KIJA recorded a net loss of Rp 101.6 billion in the first three quarters of 2022 compared to a net loss of Rp 128.2 billion for the same period in 2021. The main reason for the loss in 2022 is caused by the impact of foreign exchange (forex) movements as the Company booked a forex loss of Rp 274.4 billion (translation loss) in 9M22 compared to a forex loss of Rp 75.8 billion in 9M21. The Company's EBITDA in 9M22 amounted to Rp 693.7 billion compared to Rp 446.9 billion in 9M21, largely in line with the increase in revenue and gross profit. In terms of Land Development and Property marketing sales the Company achieved Rp 1,459.1 billion in the first three quarters of 2022, equivalent to 86% from the Company's full year marketing sales target of Rp1,700 billion (Rp1,100 billion Cikarang & others, Rp 600 billion Kendal), and an increase of 49% compared to Rp 981.3 billion in 9M21. Marketing sales from Cikarang and others contributed 52%, whereas Kendal added 48%. Sales from industrial products (land and/or land with standard factory buildings) contributed 77%, while the residential/commercial and others segment contributed the balance 23%. As per the end of September 2022 Cikarang and others achieved 70% from the 2022 full year target while Kendal already exceeded the full year target with an achievement of 116%. Please contact us at tim [email protected] if you want to be included in the Company's distribution list 25

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