Enhancing Kota Jababeka's Value Proposition slide image

Enhancing Kota Jababeka's Value Proposition

7 KIJA NAV - As per 30 September 2018 Land bank Cikarang Inventory Size (ha) 167 ASP (Rp million) NAV (Rp bn) 4.00 6,663 Land for Development* 1,072 0.55 5,896 Kendal Inventory 1 1.50 14 Land for Development* 585 0.35 2,048 Tanjung Lesung Inventory 23 1.00 231 Land for Development* 1,514 0.25 3,785 Morotai Inventory 475 0.20 951 Land for Development 46 0.02 9 Subtotal land bank 19,598 Infrastructure & Others (DCF) Add (cash, advances, investments in associates, deposits, etc) Deduct (loans, customer advances, etc) Total NAV Nmber of shares (billion): NAV per share Current Share Price Discount to NAV 2,717 1,940 (5,038) 19,218 20.82 923 214 77% * Replacement value Disclaimer: The purpose of this section is to provide shareholders, bondholders, analysts, brokers/dealers, potential investors and other capital market participants with a general overview of the Company's internal net asset value (NAV) calculation. The information is provided for quick reference only. The information provided is not an offer to sell securities or the solicitation of an offer to buy securities. The information has been compiled from sources believed to be reliable. The information contained in this section is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. The Company makes no representation regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors in or omissions from, any information contained herein. 29
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