Investor Presentaiton

National Economic Recovery Continue to Accelerate 8,0 Strong GDP Growth¹ 6,0 4,0 2,0 3,827 3,7431 QoQ -YoY 7,07 5,02 5.01 5,05 4,01 4,01 4,21 4,20 3,14 3,19 3,09 3,06 B.31 1,5506 7388,36) (1,816,30) (1,788,41) (1,68) 52 (1,742,41) (0,42 0,96) 0,04 0,0 -2,0 (2,07) (1,73) (0,16) -4,0 -6,0 -8,0 Q1 Q3 Q1 Q3 Q1 Q3 2014 2015 2016 Q3 2017 (419) 3,72 (0.96) 5,72 5,01 1,81 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 2018 2019 2020 2021 2022 Favourable GDP Growth Compared to Peers² 10,00 % yoy 7,40 6,70 Indonesia's economic recovery momentum has continued in 2022, with the economy growing 5.31% (yoy), up significantly from 3.70% (yoy) in 2021. Solid economic growth in 2022 was supported by improving domestic economic activity along with the increase in social mobility which further boost consumption and investment, as well as strong export performance. Looking ahead, robust economic growth in 2023 is projected in the 4.5-5.3% range on the back of increasing domestic demand in the form of household consumption and investment. The latest projection is in line with increasing public mobility after the Government fully repealed community activity restrictions (PPKM), a promising business outlook, increasing foreign direct investment inflows, as well as the ongoing completion of national strategic projects. 0,36 In terms of spending, solid economic growth was supported in the reporting period by nearly all GDP components. Household consumption grew 4.93% (yoy) in response to greater mobility compared to 2021 (2.02% yoy). after the Government gradually eased the community activity restrictions (PPKM). Export growth remained strong at 16.28% (yoy) compared to 17.95 growth in 2021, driven by continued strength of demand from Indonesia's major trading partners, notwithstanding the limited effect of geopolitical tensions between Russia and Ukraine. In the meantime, investment growth has slowed by 3.07% year on year due to a decline in building investment, despite strong non-construction investment performance. Economic improvements remained strong in nearly all economic sectors in 2022. The growth is primarily driven by the Manufacturing Industry, Transportation and Warehouse, as well as Wholesale and Retail Trade. Spatially, solid national economic growth in 2022 was supported by all regions, led by Sulawesi-Maluku-Papua, followed by Java, Bali-Nusa Tenggara, Kalimantan and Sumatra. 5,80 5,00 5,30 2023 Growth Projection *) 0,00 3,20 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Institutions GDP growth -5,00 2023 Budget 5.3 Bank Indonesia 4.5-5.3 -10,00 Bulgaria India Colombia Indonesia Consensus Forecast (March 2023) 4.5 -15,00 Philippines World Bank (GEP, January 2023) 4.8 2. 1. Source: Central Bureau of Statistics of Indonesia (BPS), ** Including non-profit household consumption Source: World Economic Outlook Database - July 2022; * indicates estimated figure *) Consensus Forecast number will be given later IMF (January 2023) 4.8 ADB (Asian Development Outlook, December 2022) 4.8 69

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