PRESENTASI MANAJEMEN PT Adhi Karya (Persero) Tbk. Maret 2015

PRESENTASI MANAJEMEN PT Adhi Karya (Persero) Tbk. Maret 2015

MILESTONE ADHI 1960 1974 2004 July 2011 PN Adhi Karya nasionalisasi Dutch Company Associate N.V. PN Adhi Karya berubah menjadi PT Adhi Karya (Persero) PT Adhi Karya (Persero) Go Public 18 Maret 2004 ADHI, BUMN Konstruksi pertama yang melantai di BEI TRANSFORMASI ADHI : Perubahan Visi & Misi Penetapan RJPP 2012-2016, 5 Lini Bisnis [KONSTRUKSI, EPC, PROPERTI, REAL ESTATE, INVESTASI INFRASTRUKTUR] Restrukturisasi Organisasi Pendirian ADHI Learning Center Tata Nilai Perusahaan: Bekerja Cerdas Corporate Culture Jujur Bertanggung Jawab Bersahaja Filosofi yang mendasar Corporate Culture: Bekerja adalah Ibadah 2014 2013 Pendirian Anak Perusahaan MoU Monorel (Konsorsium Monorel BUMN) Grandhika Blok M Hotel Pembangunan Pabrik Precast Pengembangan Bisnis Properti dan Real Estate 2012 Pendirian Anak Perusahaan 2

LINI BISNIS KONSTRUKSI Gedung Bandara Pelabuhan Jalan & Jalan Tol Jembatan Sumber Daya Air Perkeretaapian EPC Power Plant Industri Oil & Gas PROPERTI Apartemen Perkantoran Kondotel Hotel REALTI Perumahan Mal Store INVESTASI Manufaktur Precast Concrete Transportasi APG PMU Power APP APR APB Divisi Konstruksi 1-7 PMU Oil & Gas Divisi Hotel PMU Transportasi & IPP 3

DEWAN KOMISARIS Imam S. Ernawi Komisaris Utama Suroyo Alimoeso Komisaris Muchlis R. Luddin Komisaris Independen Achmad Gani Ghazali Akman Komisaris Murhadi Komisaris Independen Bobby A.A. Nazief Komisaris 4

DIREKSI Kiswodarmawan Direktur Utama Supardi Direktur BEP Adji Satmoko Direktur Djoko Prabowo Direktur Giri Sudaryono Direktur Pundjung Setya Brata Direktur 5

KEPEMILIKAN SAHAM SAHAM BEREDAR 1.801.320.000 PEMERINTAH 918.680.000 PUBLIK 882.640.000 FY2013 12M14 10% 51% 38% 39% 51% 11% Pemerintah Lokal Asing 6

PERGERAKAN SAHAM ADHI HINGGA DESEMBER 2014 6.000 5,178 5.000 4,327 4.000 3,480 3.000 1,540 2.000 1.000-02/01/14 02/02/14 02/03/14 02/04/14 02/05/14 02/06/14 02/07/14 02/08/14 02/09/14 02/10/14 02/11/14 02/12/14 7

LAPORAN LABA (RUGI) (in million IDR) 2013 audited % 2014 RKAP % 2014 audited % %G % RKAP Revenue 9.799.598 100,0% 11.976.691 100,0% 8.653.582 100,0% -11,7% 72,3% Cost of Contract (8.606.444) -87,8% (10.411.894) -86,9% (7.655.380) -88,5% -11,1% 73,5% Gross Profit 1.193.155 12,2% 1.564.797 13,1% 998.202 11,5% -16,3% 63,8% Profit (Loss) JO 54.557 0,6% 22.402 0,2% 18.386 0,2% -66,3% 82,1% Gross Profit after JO 1.247.711 12,7% 1.587.199 13,3% 1.016.588 11,7% -18,5% 64,0% Operating Expense (328.961) -3,4% (433.939) -3,6% (361.179) -4,2% 9,8% 83,2% Operating Profit 918.751 9,4% 1.153.260 9,6% 655.409 7,6% -28,7% 56,8% Other Income (Expense) (96.467) -1,0% (170.584) -1,4% 75.673 0,9% -178,4% -44,4% E B I T 822.283 8,4% 982.676 8,2% 731.083 8,4% -11,1% 74,4% Interest Expense (107.919) -1,1% (136.485) -1,1% (136.530) -1,6% 26,5% 100,0% E B T 714.365 7,3% 846.191 7,1% 594.553 6,9% -16,8% 70,3% Tax (305.927) -3,1% (382.651) -3,2% (267.896) -3,1% -12,4% 70,0% E A T 408.438 4,2% 463.541 3,9% 326.657 3,8% -20,0% 70,5% Min. Int. in Subs. (2.461) 0,0% (2.937) 0,0% (2.585) 0,0% 5,0% 88,0% Net Income 405.977 4,1% 460.604 3,8% 324.071 3,7% -20,2% 70,4% 8

NERACA (in million IDR) 2013 audited % 2014 RKAP % 2014 audited % %G % RKAP Cash & Bank 1.939.960 20,0% 1.403.160 13,7% 811.412 7,8% -58,2% 57,8% Receivables 4.736.454 48,7% 4.429.735 43,1% 5.572.874 53,3% 17,7% 125,8% Inventory 1.057.844 10,9% 1.428.499 13,9% 1.221.426 11,7% 15,5% 85,5% Advance Payment 226.061 2,3% 305.183 3,0% 183.608 1,8% -18,8% 60,2% Other Current Assets 1.139.148 11,7% 1.605.994 15,6% 1.754.974 16,8% 54,1% 109,3% Current Asset 9.099.467 93,6% 9.172.571 89,3% 9.484.299 90,7% 4,2% 103,4% Fixed Asset - Net 271.257 2,8% 331.122 3,2% 496.096 4,7% 82,9% 149,8% Other Non Current Asset 350.238 3,6% 771.189 7,5% 478.487 4,6% 36,6% 62,0% TOTAL ASSETS 9.720.962 100,0% 10.274.882 100,0% 10.458.882 100,0% 7,6% 101,8% Account Payables 4.767.420 49,0% 3.922.329 38,2% 4.923.213 47,1% 3,3% 125,5% Contract Advances 704.875 7,3% 1.257.553 12,2% 542.669 5,2% -23,0% 43,2% Bank Loans & Bonds 1.708.776 17,6% 2.246.976 21,9% 2.269.129 21,7% 32,8% 101,0% Other Liabilities 991.428 10,2% 956.165 9,3% 972.328 9,3% -1,9% 101,7% TOTAL LIABILITIES 8.172.499 84,1% 8.826.141 85,9% 8.707.338 83,3% 6,5% 98,7% Min. Int. in Subs. 9.234 0,1% 13.820 0,1% 6.959 0,1% -24,6% 50,4% EQUITY 1.539.229 15,8% 1.878.039 18,3% 1.744.584 16,7% 13,3% 92,9% TOTAL LIAB. & EQUITY 9.720.962 100,0% 10.274.882 100,0% 10.458.882 100,0% 7,6% 101,8% 9

ARUS KAS (in million IDR) 2013 audited %G % RKAP Cash Flow From Operating Activities Total Cash Receipts 11,100,703 12,460,876 8,580,336-22.7% 68.9% Total Cash Payments (10,529,866) (12,592,071) (9,558,567) -9.2% 75.9% Total Cash Flow From Operating 570,837 (131,195) (978,231) -271.4% 745.6% Cash Flow From Investment Activities (298,862) (868,512) (587,941) 96.7% 67.7% Cash Flow From Financing Activities Financing 672,938 1,116,000 315,790-53.1% 28.3% Dividend Payment (42,318) (121,792) (121,793) 187.8% 100.0% Total Cash Flow From Financing 715,256 462,908 437,584-38.8% 94.5% Net Increase of Cash and Cash Equivalents 987,232 (536,799) (1,128,589) -214.3% 210.2% Cash And Cash Equivalents At Beginning Of Period 948,846 1,939,960 1,939,960 104.5% 100.0% Restricted Cash Effect in Foreign Exchange - Net 0 3,882 0 0 0 41 - - Cash And Cash Equivalents At End Of Period 1,939,960 1,403,161 811,412-58.2% 57.8% 2014 RKAP 2014 audited 10

KINERJA per lini bisnis ADHI ADHI ADHI ADHI ADHI ADHI Konstruksi % EPC % Realti % Properti % Investasi Inf. % Konsolidasi % (in million IDR) 2013 2013 2013 2013 2013 2013 Revenue 7.203.003 100,0% 1.891.112 100,0% 197.688 100,0% 507.795 100,0% - - 9.799.602 100,0% Cost of Contract (6.298.335) -87,4% (1.887.184) -99,8% (80.614) -40,8% (340.311) -67,0% - - (8.606.447) -87,8% Gross Profit 904.668 12,6% 3.928 0,2% 117.074 59,2% 167.485 33,0% - - 1.193.156 12,2% Gross Profit after JO 997.287 13,8% (34.134) -1,8% 116.656 59,0% 167.485 33,0% - - 1.247.712 12,7% Operating Expense (373.468) -5,2% (20.851) -1,1% (12.048) -6,1% (18.642) -3,7% - - (425.010) -4,3% Operating Profit 623.819 8,7% (54.985) -2,9% 104.607 52,9% 148.843 29,3% - - 822.703 8,4% Other Income (Expense) (146.040) -2,0% 62.485 3,3% (18.232) -9,2% (6.550) -1,3% - - (108.337) -1,1% E B T 477.779 6,6% 7.499 0,4% 86.375 43,7% 142.292 28,0% - - 714.365 7,3% E A T 264.111 3,7% (49.378) -2,6% 74.981 37,9% 118.306 23,3% - - 408.439 4,2% Net Income 261.650 3,6% (49.378) -2,6% 74.981 37,9% 118.306 23,3% - - 405.977 4,1% ADHI ADHI ADHI ADHI ADHI ADHI Konstruksi % EPC % Realti % Properti % Investasi Inf. % Konsolidasi % % G (in million IDR) 2014 2014 2014 2014 2014 2014 Revenue 6.766.709 100,0% 863.121 100,0% 195.234 100,0% 663.597 100,0% 164.916 100,0% 8.653.582 100,0% -11,7% Cost of Contract (6.098.159) -90,1% (874.473) -101,3% (135.238) -69,3% (416.947) -62,8% (130.559) -79,2% (7.655.380) -88,5% -11,1% Gross Profit 668.550 9,9% (11.352) -1,3% 59.997 30,7% 246.650 37,2% 34.357 20,8% 998.202 11,5% -16,3% Gross Profit after JO 690.072 10,2% (14.488) -1,7% 59.997 30,7% 239.466 36,1% 34.357 20,8% 1.016.589 11,7% -18,5% Operating Expense (164.655) -2,4% (14.862) -1,7% (10.809) -5,5% (22.791) -3,4% (21.439) -13,0% (278.322) -3,2% -34,5% Operating Profit 525.418 7,8% (29.350) -3,4% 49.188 25,2% 216.675 32,7% 12.917 7,8% 738.267 8,5% -10,3% Other Income (Expense) (176.433) -2,6% 53.056 6,1% (13.910) -7,1% (4.455) -0,7% (1.973) -1,2% (143.714) -1,7% 32,7% E B T 348.985 5,2% 23.706 2,7% 35.278 18,1% 212.220 32,0% 10.944 6,6% 594.553 6,9% -16,8% E A T 153.294 2,3% (10.747) -1,2% 27.414 14,0% 185.138 27,9% 8.124 4,9% 326.657 3,8% -20,0% Net Income 150.709 2,2% (10.747) -1,2% 27.414 14,0% 185.138 27,9% 8.124 4,9% 324.071 3,7% -20,2% 11

KONTRAK BARU, PENDAPATAN USAHA & LABA BERSIH 2010-2014 in million IDR Carry Over New Contract Order Book Sales Net Income 16.279 18.297 20.071 17.964 6.753 11.143 11.864 5.675 6.695 8.693 9.604 4.390 4.415 189 182 212 7.628 9.217 10.854 406 9.800 8.744 9.220 324 8.654 2010 2011 2012 2013 2014

UPDATE LINI BISNIS KONSTRUKSI EPC PRECAST 13

PROYEK-PROYEK KONSTRUKSI Jalan Tol Gempol Pasuruan Jembatan Mojokerto Jalan Tol Gempol Pandaan Jetty Halmahera Timur 14

PROYEK-PROYEK KONSTRUKSI Wonogiri Spillway Dermaga Teluk Lamong 15

PT ADHI PERSADA GEDUNG -sedang berjalan- 18 Office Park United Tractor Head Office Kementerian Pemberdayaan Perempuan The Convergence Indonesia Andalan Finance Showroom and Head Office 16

PT ADHI PERSADA GEDUNG -sedang berjalan- CBC Lot 12 RS Budi Asih Sahira Butik Hotel Masjid Kementerian BUMN 17

PT ADHI PERSADA BETON Pabrik Sadang Luas Lahan (m²) 92,258 Kapasitas Beton (ton) 309,757,59 Pabrik Mojokerto Luas Lahan (m²) 48,691 Kapasitas Beton (ton) 192,847,20 18

UPDATE LINI BISNIS PROPERTI REALTI HOTEL 19

PROYEK PENGEMBANGAN PROPERTI 2014 Grand Taman Melati Margonda Taman Melati Jatinangor Luas Lahan (m 2 ) ± 1.740 Properti Apartemen Luas Gedung (m 2 gross) 20.272 Luas Area yang Dapat Dijual (m 2 ) 14.968 Total Unit 513 Periode Pembangunan 2 tahun Grand Dhika City Bekasi Cempaka Tower Luas Lahan (m 2 ) ± 6.247 Properti Apartemen Luas Gedung (m 2 gross) 32.293 Luas Area yang Dapat Dijual (m 2 ) 27.152 Total Unit 914 Periode Pembangunan 2,5 tahun Luas Lahan (m 2 ) ± 4.645 Properti Apartemen Luas Gedung (m 2 gross) 19.459 Luas Area yang Dapat Dijual (m 2 ) 17.849 Total Unit 758 Periode Pembangunan 2-3 tahun 20

PROYEK PENGEMBANGAN PROPERTI 2014 Taman Melati Surabaya @MERR Taman Melati Sinduadi, Yogyakarta Luas Lahan (m 2 ) ± 5.239 Properti Apartemen dan SOHO Luas Gedung (m 2 gross) 23.715 Luas Area yang Dapat Dijual (m 2 ) 19.902 Total Unit 781 Periode Pengembangan 2,5 tahun Luas Lahan (m 2 ) ± 5.756 Properti Apartemen Luas Gedung (m 2 gross) 53.562 Luas Area yang Dapat Dijual (m 2 ) 32.624 Total Unit 1.130 Periode Pembangunan 3 tahun Soho Taman Melati Sinduadi, Yogyakarta

PROYEK PENGEMBANGAN PROPERTI 2015 Taman Melati Sardjito, Yogyakarta Grand Dhika Jatiwarna Luas Lahan (m 2 ) ± 38.415 Properti Mixed Use Perkantoran, Mal, Hotel, Ballroom, Apartemen Luas Gedung (m 2 gross) ± 130.000 Luas Area yang Dapat Dijual (m 2 ) ± 115.000 Total Unit ± 1.700 Periode Pembangunan 5 tahun Grand Dhika Jatiwarna Emerald Tower Luas Lahan (m 2 ) ± 4.941 Properti Apartemen dan SOHO Luas Gedung (m 2 gross) 22.132 Luas Area yang Dapat Dijual (m 2 ) 20.135 Total Unit 640 Periode Pembangunan 3 tahun 22

PROYEK PENGEMBANGAN PROPERTI - proyek-proyek mendatang - Taman Melati Malang @ DINOYO Luas Lahan (m 2 ) ± 5.035 Properti Apartemen Luas Gedung (m 2 gross) 30.165 Luas Area yang Dapat Dijual (m 2 ) 25.000 Total Unit 1.080 Periode Pembangunan 3 tahun ADHIKAPURA Sunset Road, Bali Luas Lahan (m 2 ) ± 16,350 Properti Condotel, Vila, Ballroom Luas Gedung (m 2 gross) 12.851 Luas Area yang Dapat Dijual (m 2 ) 10.778 Total Unit 198 Periode Pembangunan 2 tahun GDC Lot 1 Bekasi Timur Luas Lahan (m 2 ) ± 12.300 Properti Mixed Use Hotel, Mal, Service Apartment, Apartemen Luas Gedung (m 2 gross) 51.100 Luas Area yang Dapat Dijual (m 2 ) 37.286 Total Unit 303 Ground Breaking Agustus 2014

PROYEK PENGEMBANGAN REALTI -sedang berjalan- Taman Dhika Ciracas Luas Lahan (m²) 239,000 Nilai Investasi (Rp miliar) 341,226 Total Unit 1,265 Taman Dhika Cinere Luas Lahan (m²) 8,409 Total Unit 35 Luas Lahan (m²) 3,908 Total Unit 27 Taman Dhika Sidoarjo 24

PROYEK PENGEMBANGAN REALTI -sedang berjalan- Mal Cimone City Mal Mandau City Luas Lahan (m²) 16,208 Luas Lahan (m²) 14,888 Total Luas Salable (m²) 23,234 Grand Dhika Commercial Estate Total Unit 60 (Ruko= 29; Gudang= 31) Luas Lahan (m²) 23,565 Total Luas Salable (m²) 25,188 25

PROYEK PENGEMBANGAN REALTI -proyek-proyek mendatang- Taman Dhika Cinere Limo Taman Dhika Sidoarjo Kota Cluster Baru Taman Dhika Tambun Taman Dhika Cibubur 26

HOTEL GRANDHIKA Hotel Grandhika Semarang Hotel Grandhika Blok M Hotel Grandhika Medan 27

PT Adhi Karya (Persero) Tbk. THANK YOU Visit us at www.adhi.co.id For further information please contact: Ki Syahgolang Permata, Corporate Secretary P. +62 21 797 5312 F. +62 21 797 5311 E. adhi@adhi.co.id Disclaimer: Important Notice This document was prepared solely and exclusively for the parties presently being invited for the purpose of discussion. Neither this document nor any of its content may be reproduced, disclosed or used without the prior written consent of PT Adhi Karya (Persero) Tbk. This document may contain statements that convey future oriented expectations which represent the Company s present views on the probable future events and financial plans. Such views are presented on the basis of current assumptions, are exposed to various risks and are subject to considerable changes at any time. Presented assumptions are presumed correct, and based on the data available on the date, which this document is assembled. The company warrants no assurance that such outlook will, in part of as a whole, eventually be materialized. Actual results may diverge significantly from those projected. The information in this document is subject to change without notice, its accuracy is not verified or guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. None of the Company, PT Adhi Karya (Persero) Tbk. or any person connected with any of them accepts any liability whatsoever for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith. 28