Investor Presentaiton

GS Primary Market Performance 2021 - 2022 Through Auction In 2022, average incoming bid = IDR37.58 tn/auction, while average awarded bid = IDR13.83 tn/auction [IDR Trillion] Source: Ministry of Finance 450 Incoming Bids 400 350 Average Incoming Bid 2021 - 300 200 150 IDR56.77T/ auction 100 2.27 2.23 2.03 50 Jan-21 - Average Awarded Bid 2021 - IDR18.97T/ auction 44 Awarded Bids % Bid to Cover Ratio (RHS) 8.43 12.17 3.56 3.11 2.73 Feb-21 Mar-21 2.30 1.85 2.96 3.06 3.86 4.92 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Jan-22 Feb-22 2.45 2.24 2.62 2.05 2.08 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 14.00 12.00 10.00 8.00 6.00 4.00 2.00 88

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