Investor Presentaiton

GS Primary Market Performance 2020 - 2021 Through Auction In 2021, average incoming bid = IDR49.31 tn/auction while average awarded bid = IDR21.62 tn/auction [IDR Trillion] 400 6.50 350 300 5.14 250 Average Incoming Bid 2020 = IDR54.50T /auction Incoming Bids Awarded Bids % Bid to Cover Ratio (RHS) 3.91 4.24 Average Awarded Bid 2020 = IDR15.85T /auction 200 3.01 3.35 3.14 150 2.45 2.16 100 50 1.98 3.85 7.00 6.00 5.00 4.00 2.96 3.00 2.95 2.03 2.23 2.30 2.27 2.00 1.85 Jan-20 Feb-20 Source: Ministry of Finance Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 1.00 89

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