Enhancing Kota Jababeka's Value Proposition

2 Enhancing Kota Jababeka's value proposition: Bekasi Power Plant KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate Integrated Power Generation & Distribution Process 1 100% output to PLN # 2 Buy back from PLN PLN (+16% margin) 3 Direct sale to factories (+ margin) Factories . 130MW gas fired combined cycle plant SAFETY FIRST! 20 year 100% off-take agreement from Perusahaan Listrik Negara ("PLN") Rate per KWH: ~US$11 cents Average gas cost / MMBTU: ~US$9.0 Fuel costs borne by PLN on a pass-through basis Fully contracted gas supply Flexibility to buy back power and resell it at a premium During the repair of a leakage in one of the boilers the power plant operated at about 50% of the usual capacity for about 3 months in 2016 The power plant was in full "reserve shutdown" for most of 1Q18 and has operated intermittently since then, since 3Q18 on 5 days full capacity during the week and half capacity on weekends Operational Highlights IDR billion 1,600 Financial Highlights 1,499 1,400 1,267 1,200 1,062 1,000 800 Description 2014 2015 2016 2017 9M18 30.0% 1,360 1,310 26.7% 600 400 7.7% 215 155 200 82 14.3% itth 12.2% Net Dependable Capacity 118.8MW 120MW 120MW 121MW 119MW 25.0% Load Factor 108MW 110MW 93MW 109.1MW 112MW 20.0% 17.1% 774 Capacity factor 90.01% 90.01% 81.85% 87.95% 92% 15.0% 12.5% Equivalent Availability Factor 90.34% 96.39% 82.85% 94.53% 99% 10.0% 232 207 Planned Outage Factor 7.88% 3.09% 15.15% 5.00% 0% 164 5.0% 0.0% Equivalent Forced Outage Rate 1.78% 0.52% 2.00% 0.47% 0.19% 2013 2014 Revenue 2015 2016 Gross Profit 2017 9M18 Gross Profit Margin Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia 10 10

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