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Strengthened Private External Debt Risk Management Lower Debt Burden Indicator (External Debt/GDP) Compared to Peers Rating Encouraging Corporates Compliance on Hedging Ratio & Liquidity Ratio External Debt/GDP (%) Hungary Uruguay Kazakhstan Croatia Colombia Panama Mexico Hedging Ratio* 80.5 81.1 89.5 74.3 78 7979.4 282 corporates (11,3%) 172 corporates (6,9%) 60.4 71.8 83.3 55.5 52.1 53.6 53.8 46.8 48.2 48.7 I Indonesia Philippines 38.5 40.2 45.9 29.1 30.1 34.9 26.1 27.5 75.1 77.5 2023 2022 ■2021 ≤ 3 months 2211 corporates (88,7%) Liquidity Ratio* > 3-6 months 2321 corporates (93,1%) Source: Moody's Credit View Fundamental Data, September 2023 Regulation on Prudential Principle in Managing External Debt Regulation Key Points 1 Jan 17 & beyond Object of Regulation Hedging Ratio ≤ 3 months > 3-6 months Liquidity Ratio (≤ 3 months) Credit Rating Hedging transaction to meet hedge ratio Sanction Governs all foreign currency Debt 25% 25% 70% Minimum rating of BB- (State-owned Enterprises) Must be done with a bank in Indonesia Applied Source: Bank Indonesia 332 corporates (13.3%) 2161 corporates (86.7%) ■Comply ■ Not Comply *Data as of Q2-2023, with total population 2,493 corporates Source: Bank Indonesia 50

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