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Investor Presentaiton

Market Overview Additional growth driven by mobile technology The QSR industry stands to benefit in this age of digitisation 1 Rapid growth in internet penetration in Indonesia Online QSR delivery on the rise % of population connected to the internet +32% of the population connected online over the past 10 25% 22% years 17% 15% 15% 12% 11% 8% 7% 32% 40% QSR sales through online channels² in US$m 2008A 2009A 2010A 2011A 2012A 2013A 2014A 2015A 2016A 2017A 2018A Source: World Bank 2 Proliferation of disruptive business services Online payment providers Food delivery aggregators סכ GOT FOOD POWERED BY GO JEK GO PAY RU KU DANA Wallet MOLWallet foodpanda GrabFood Cash On The Go klik-eat PayPal GrabPay Notes: 1 Food and drink sales which are delivered to the consumer by an employee of the outlet or by a third party 2 QSR orders made via internet / e-commerce BURGER KING 2013A-2023E CAGR: 26% 201 167 139 115 94 76 59 44 19 24 32 2013A 2014A 2015A 2016A 2017A 2018A 2019E 2020E 2021E 2022E 2023E Source: Euromonitor Platform take rates are one of the lowest Average platform take rates 23% 22% 18% 15% 15% 10% 6% Source: Euromonitor 6
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