June 2016

Investor PresentationPT Jababeka Tbk

Leading township developer & infrastructure powerhouse

PT Jababeka Tbk ("KIJA") is a leading township developer with an established track record in industry-based townships supported by residential & commercial components...

…with world class infrastructure to support its developments

Jababeka ("KIJA") overview Business segments

Established in 1989 and became the first publicly listed industrial estate developer in Indonesia in 1994

Kota Jababeka, KIJA's flagship development, is a mature industry-based integrated township in Cikarang with on-site power plant and dry port

Pipeline projects: Kendal Industrial Park in Central Java and tourism-based township in Tanjung Lesung, Banten

Large and strategically located land bank of 3,277 hectares as of 31 March 2016

PT Jababeka Tbk

Real Estate Infrastructure

Industrial

Residential

Commercial

Power

Infrastructure

Dry Port

1

Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life

FY15 Revenue Breakdown (%)(Rp 3,140 billion)

FY15 Gross Profit Breakdown (%)(Rp 1,389 billion – 44% GPM)

Real Estate & Others, 72%

Power Plant, 15%

Infrastructure & Port, 12%

Real Estate & Others, 41%

Power Plant, 48%

Infrastructure & Port, 12%

Established track record in large-scale industrial estate + infrastructure

More than 25 years track record in industrial township development

2

19891994

1996

2001

2003

2010

2011

2012

Jababeka Group established and started development of the industrial estate

IPO on Jakarta and Surabaya Stock Exchange

Acquisition of Menara Batavia in Jakarta CBD

Inauguration of Education Park, including President University

Commenced development of Jababeka CBD

Cikarang Dry Port begins operations

Acquisition of 1,500 ha land in Tajung Lesung, Banten

Bekasi Power Plant commenced operations

Entered into a JV with Sembcorp to develop Kendal Industrial Park in Central Java

Supply Chain Asia Awards 2014 Asia Logistics Centre/Park of the

Year

#1

Frontier Consulting Group Award 2014 #1 Corporate Image

Industrial Estate

Fortune Indonesia - 2015Best Company award

#1

Investor Magazine - 2012Top 10 Best performing

listed companies and Best listed company in property 2013

#1

Ministry of Industry - 2015Best Industrial Estate –

Infrastructure & Facilities

#1

Indonesia Property Watch-2015

The best township development concept

2014

D’Khayangan Senior Living Launched

Selected awards

Sizeable land bank in strategic locations with upside potential

Tanjung Lesung

Master plan: 1,545 hectares

170km southwest of Jakarta

Land Bank: 1,544ha(1)

Karawang

Kendal, Central Java

Master plan: 2,700 hectares

450km east of Jakarta

Land Bank: 472ha(1)

Kota Jababeka Cikarang

Master plan: 5,600 hectares

35km east of Jakarta

Land Bank: 1,233ha(1)

Note:

1 Land bank as at 31 March 2016 3

Key credit strengths

1 Leading industry-based integrated township developer in Indonesia

Diversified land bank and projects

Stable, USD-denominated recurring income from infrastructure operations

Robust operating and financial performance

Clear strategic focus over different time frames

2

3

4

5

6

The ONLY industrial developer with on-site power and dry port

Experienced management team7

Beneficiary of favourable macro and sector fundamentals8

4

(in km)Distance from Kota Jababeka

Jakarta CBD 35

Seaport 55

Airport 65

Kota Jababeka — Flagship industry-based integrated township

Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport…

…and is home to over 1,600 local and multinational customers from over 20 countries

DKI JAKARTA

Toll Road

Future Toll RoadSoekarno-

Hatta International

Airport

Tajung Priok Port

Tangerang

South Tangerang

Bekasi

Kota Jababeka

1

2

3

4

Strategically located in Cikarang area, the most established industrial estate zone in Greater Jakarta

Heavy industries & Petrochemicals

Automotive, Consumer, Electronics & other Light

to medium industries

Close to central Jakarta, sea-port, airport and accessible by both toll and railroads

Mature township with a well-established talent/labor pool supported by complementary facilities (residential, commercial, hospitality, etc)

Superior infrastructure facilities which serve to enhance Kota Jababeka's competitive positioning for customers

1

5

Kota Jababeka – Anchored by a blue-chip customer base The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities

Portfolio of high quality customersDiverse mix of occupants across sectors (breakdown by number of occupants) – As of 31 March 2016

1

6

Electronics12%

Consumer Goods

7%

Machinery7%

Chemicals6%

Automotive6%

Plastics5%

Food5%

Metal Fabrication

4%Building

3%

Textile2%

Others44%

Elvis Tower

Kota Jababeka – Continued build-out of complementary facilitiesKota Jababeka has successfully achieved a critical mass of occupants which provides an opportunity to continue introducing complementary services and infrastructure to enhance the township's value proposition

Residential

Mixed-use superblock developments within Kota Jababeka

Commercial

Housing clusters High-rise residence

Senior housing

D’Java Residence

The Veranda Tropikana Garden

Simprug Garden

Senior Living @ D’Khayangan

Sentra Niaga Square

Simprug Plaza

Phase 1 70%

30%

Partnered with Plaza Indonesia to develop “MAYFAIR Estate & Park Land”

Mixed use superblock on a 12-ha site

Groundbreaking happened in June 2015; first stage of Phase 1 targeted completion in 2018

Phase 2

1

7

30% 70%

Phase 2 to be developed on a 4-ha site

Enhancing Kota Jababeka's value proposition: Bekasi Power Plant

Jababeka is the only industrial estate developer in Indonesia with its own power plant located within its estate

Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia

Integrated Power Generation & Distribution Process

PLN

Factories

100% output to PLN

Buy back from PLN (+16% margin)

1

2

Direct sale to factories(+ margin)

3

Key highlights of operations at Bekasi Power Plant

130MW gas fired combined cycle plant

20 year 100% off-take agreement from Perusahaan Listrik Negara (“PLN”)

– Rate per KWH: ~US$11 cents– Average gas cost / MMBTU: ~US$10.0– Fuel costs borne by PLN on a pass-through basis– Fully contracted gas supply– Flexibility to buy back power and resell it at a premium

Improving efficiency, has led to higher margins

2

8

IDR billionDescription 2014 2015

Net Dependable Capacity 118.8MW 120MW

Load Factor 108MW 110MW

Capacity factor 90.01% 90.01%

Equivalent Availability Factor 90.34% 96.39%

Planned Outage Factor 7.88% 3.09%

Equivalent Forced Outage Rate 1.78% 0.52%

1,062

1,267

1,499

369

82 155 215

56

7.7%

12.2%

14.3% 15.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

-

200

400

600

800

1,000

1,200

1,400

1,600

2013 2014 2015 1Q16Revenue Gross Profit Gross Profit Margin

International Port Code: IDJBKSurrounded by 11 Industrial Estates and more than 3,000 manufacturing companies

JABABEKA

MM 2100

EJIP LIPPO

HYUNDAI SURYA CIPTA

KIKCKIM

KBI

KIIC

GIIC

Enhancing Kota Jababeka's value proposition: Cikarang Dry Port2

Strategic location in the heart of the largest manufacturing zone along the Bekasi-Cikampek industrial corridor

62%1

Notes:

1 Estimated % of total throughput at Tanjung Priok Port originating from this area9

Enhancing Kota Jababeka's value proposition: Cikarang Dry PortFacilities & services offered at Cikarang Dry Port

2

10

Container Yard Reefer Services Terminal Operation 24/7

Bonded Trucking Container Freight Station

Rail Freight Service 24/7 Security

General Warehouse

Special Containers Handling

Integrated Customs & Quarantine Empty Container Depot Online Tracking & INSW Connected

Logistics Park• Warehouses• TPP

Railway:• Domestic• International

Empty Depot

Gate

CY

Physical Check

CFS

Reefer

Office:CDP, Customs, Quarantine

Bonded Logistics Center 2(Under Construction)

EmplacementExpansion Plan

Port (70 Ha):• Customs• Quarantine• Physical Check• Container Yard• Reefer Plugs• CFS

CY Expansion Plan

Bonded Logistics Center

3,334 5,995

25,808

37,507

50,844

14,283

-

10,000

20,000

30,000

40,000

50,000

60,000

2011 2012 2013 2014 2015 1Q16

9 15

62

78

120

34

-

20

40

60

80

100

120

140

2011 2012 2013 2014 2015 1Q16

Enhancing Kota Jababeka's value proposition: Cikarang Dry Port

Cikarang Dry Port (CDP) is the first and only integrated customs and service estate in Indonesia…

…allowing customers to more efficiently manage their imports and exports and benefit from cost savings

Strong momentum in CDP operationsOverview

In April 2011, CDP became an official port of origin and destination with an international port code, IDJBK

Adjacent to the main railway line that runs from west Java to east Java for domestic distribution

Upside potential from direct rail connection to Tanjung Priok port – Trial already took place in 1Q16.

Bonded Logistics Centre for Cotton – result from the 2nd

Economic Stimulus Package by the government

Revenue (IDR billion)

Throughput (TEU)

2

11

Selected customer & partner profile at Cikarang Dry Port

40 64 210

349 418

128 0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2011 2012 2013 2014 2015 1Q16

Recurring EBITDA Recurring Revenue

Sizeable and stable USD-denominated recurring income base

The provision of these infrastructure services has enabled the progressive build out of a significant recurring revenue base…

…based on USD pricing terms (power & water), further enhancing stability and visibility of cash flows for Jababeka and also providing a natural hedge for its USD-denominated

interest expenses

Recurring revenue & EBITDA (IDR billion)

Notes:

1 Recurring revenue/EBITDA includes contribution from power plant, dry port and service & maintenance fees

2 Comprises real estate, golf and other non-infrastructure segments

3

12

Recurring(1)

Real Estate(2)

2013

IDR 2,740 billion2012

IDR 1,401 billion

IDR 2,799 billion

Total Revenue & Breakdown

17%

83%

49%51%

57%43%

59%41%

2014

2015

IDR 3,139 billion

183 240

1,592

1,349

1,868

Furthermore, US$ 200 million notional is hedged by means of call spreads with an average lower strike at 13,014 Rupiah and an average upper strike of 14,964.

468

Diversified land bank

A geographically diversified land bank allows KIJA to capture different market segments and enhances earnings resilience…

…in addition to benefiting from future infrastructure developments across its land bank locations

Township Location Acquired land bank (March 31, 2016)

Kota Jababeka Cikarang 1,233

Kendal Industrial Park Central Java 472

Tanjung Lesung Banten 1,544

Total 3,248

Land bank breakdown by location (in hectares)

Established MNCs and domestic companies willing to pay a premium for strategic location and mature township with top notch infrastructure in place

More cost-conscious customers looking for an alternative to Greater Jakarta industrial estates that still provides top notch infrastructure

Tourism, leisure and hospitality focused integrated township to tap into entertainment/leisure spending by rising middle class in Indonesia

13

4

Kota Jababeka

Kendal Industrial Park

Tanjung Lesung

Diversified projects: Kendal Industrial Park

Kendal Industrial Park benefits from Sembcorp's expertise in developing and marketing industrial zones across Asia (China, Vietnam, Batam, Bintan, etc)…

…and complemented by KIJA's long track record andexperience in Indonesian industrial estate developments and infrastructure operations

Distance to Kendal Industrial Park

Tanjung Emas Int'l Seaport 25 km

Ahmad Yani Int'l Airport 20 km

Semarang (provincial capital) 21 km

Semarang

Tanjung Emas Seaport

Ahmad Yani Int'l Airport

Kendal Port

Excellent connectivity to major infrastructure in Central Java

49% 51%

Kendal Industrial Park is a JV between KIJA and Sembcorp

Total planned area: up to 2,700 ha

Phase 1: 860 ha (472 ha acquired as of 31 March, 2016)

4

14

224 185 174 159

133

0

100

200

300

Bekasi Karawang Bogor Tangerang Serang

Diversified projects: Kendal Industrial Park

Our Kendal Industrial Park development in Central Java is well-positioned to benefit from growing demand for relatively low cost industrial estates with good connectivity and competitive labor costs

Why Central Java?

Affordable land prices relative to Greater Jakarta

industrial estates

Relative low wages

Less congested infrastructure

Source: Colliers Indonesia Research 4Q 2014, converted using 1USD =12,245 IDR

Ave

rage

ind

ust

rial

lan

d

pri

ces

(USD

/sq

m)

Avg. Greater JKT industrial land price: US$175/sqm

Mo

nth

ly m

inim

um

wag

e (I

DR

m)

Source: Colliers Indonesia Research 4Q 2014

Kendal Industrial Park is situated along the Jakarta-Semarang-Surabaya Economic Corridor

Increasing traffic congestion at Tanjung Priok Port in Jakarta has led to growing interest in alternative sites with good connectivity via air and sea

Kendal Industrial Park's location provides access to Tanjung Emas Port in Semarang (25km away), the 3rd largest deep sea port in Indonesia after Tanjung Priok (Jakarta) and Tanjung Perak (Surabaya)

Ahmad Yani International Airport at Semarang is also only 20km away

15

4

1.7

2.4 2.7 2.8

0.0

1.0

2.0

3.0

Semarang Serang Surabaya Bekasi

Diversified projects: Kendal Industrial Park4

16

Diversified projects: Tanjung Lesung4

17

Tanjung Lesung overview

Location

Concept

Access

~ 170 km southwest of Jakarta in Banten

Tourism-based integrated township

(hotels, apartments, sailing, diving & beach clubs)

Currently accessible by toll road from Jakarta in

~ 3.5 hours

Diversified projects: Tanjung LesungStrong government support for Tanjung Lesung's development as a tourism zone, particularly in the form of building new toll road access to the area…

…is expected to increase interest from potential investors/partners for the project

Strong government support for development of Tanjung Lesung

“President Joko Widodo targets the development of the Tanjung Lesung special tourism economic area to complete in three years.…. President Widodo said he set the three year deadline in line with construction time of the Serang-Panimbang toll road. President Widodo said the toll road will be built by the government….

Indonesia Finance Today23 Feb 2015 ”

Included in the Master Plan for Acceleration and Expansion of Indonesian Economic Development (MP3EI)

Infrastructure development pipeline which will improve access for Tanjung Lesung:

– New toll road from Serang Timur to Panimbang

4

18

Recent events at Tanjung Lesung

President Joko Widodo speaking on Tanjung Lesung’s designation as Special Economic Zone for Tourism

Facilities and infrastructure at Tanjung Lesung

Existing infrastructure includes access roads, a water treatment plant, wastewater treatment plant, electricity supply and telecommunication links

Visitors currently have access to ~ 300 rooms spread out over two hotels/resorts, a bed and breakfast and several cottages

Other facilities: restaurant and bar, driving range, a swimming pool, a spa, a beach club, a sailing club, school, mosque, residential housing units, and a medical clinic

Diversified projects: Tanjung Lesung

Beach at Tanjung Lesung

Villa at Tanjung Lesung

4

19

Aerial view

Aerial view

Clear strategic focus

Jababeka's existing pipeline provides visible opportunities over different time frames

Short Term Medium Term

Long Term Vision

Short-term focus will be to continue developing Kota Jababeka Township:

– Target fast growing, low-middle end residential & commercial segment

– Cater to preference for smaller land plots, standard factory buildings

– Maintain/further improve operational efficiency at Bekasi Power Plant

– Increase utilization rates at Cikarang Dry Port

Development of Kendal Industrial Park in partnership with Sembcorp in central Java

Development of Bekasi Power Plant Phase 2 on vacant site adjacent to existing facility

– Ongoing discussions with PLN; to commence only upon securing off-take agreement with PLN similar to existing power plant

Development of Tanjung Lesung tourism-based township

Replicate Kota Jababeka's industry-based integrated township model throughout Indonesia

Build out an infrastructure facility portfolio (power, water, ports, etc.) to support these new townships

5

20

326

380

101

399

331

133

0

50

100

150

200

250

300

350

400

450

2011 2012 2013 2014 2015 1Q16

183 240

1,349 1,592

1,868

468

965 1,161

1,390 1,207

1,272

119

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2011 2012 2013 2014 2015 1Q16

Recurring revenue Real estate & other revenue

Strong financial performance...

Revenue breakdown (IDR billion) Gross profit (IDR billion) and Gross profit margin (%)

EBITDA (IDR billion) and EBITDA margin (%)

1

Notes:

1 FY2013 includes unrealized foreign exchange loss (non cash) of approximately IDR 421 billion

2 FY2015includes unrealized foreign exchange loss (non cash) of approximately IDR 155 billion

6

21

1,1481,401

2,7992,740

3,140

Net income (IDR billion)

2

587

614

860

1,171 1,252

1,389

182

53%

61%

43%45% 44%

31%

0%

10%

20%

30%

40%

50%

60%

70%

0

200

400

600

800

1,000

1,200

1,400

1,600

2011 2012 2013 2014 2015 1Q16

Gross profit Gross profit margin

509

741

1,019 1,130 1,167

128

44%

53%

37%40%

37%

22%

0%

10%

20%

30%

40%

50%

60%

0

200

400

600

800

1,000

1,200

1,400

2011 2012 2013 2014 2015 1Q16

EBITDA EBITDA margin

128 242 595 595 827 757

5,470 6,836

7,660 7,911 8,914 9,072

0

2,000

4,000

6,000

8,000

10,000

12,000

2011 2012 2013 2014 2015 1Q16

Cash and cash equivalents Total assets (excluding cash)

Robust balance sheet position…

Assets and cash (IDR billion) Debt, Equity (IDR billion) and Debt/Equity

EBITDA/Interest expense (x)1 Net debt/EBITDA (x)

Notes:

1 Includes capitalized interest + Hedging Fees

6

22

5,597

7,078

8,5058,255

9,741 9,829

1,497

2,046

2,572 2,705

3,510 3,457 3,502

3,975 4,186

4,662 4,978 5,128

0.43

0.51 0.61 0.58

0.71 0.67

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

0

1,000

2,000

3,000

4,000

5,000

6,000

2011 2012 2013 2014 2015 1Q16

Total debt Total equity Debt/Equity

3.1 3.2

3.8 3.8

3.4

1.7

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

2011 2012 2013 2014 2015 1Q16

2.7 2.4

1.9 1.9

2.3

2.7

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2011 2012 2013 2014 2015 1Q16

Experienced management team

Average of more than 20 years of industrial township development experience

Board of Commissioners

Board of Directors

Setyono Djuandi Darmono

President Commissioner

(Founder)

Bacelius Ruru

Vice President Commissioner

Independent Commissioner

Hadi Rahardja

Commissioner

(Founder)

Gan Michael

Commissioner

Budianto Liman

President Director

Setiawan Mardjuki

Director

Hyanto Wihadhi

Director

Sutedja Sidarta Darmono

Director

Tjahjadi Rahardja

Director

7

23

Ketut Budi Wijaya

Commissioner /

Independent Commissioner

Favorable macro and sector fundamentals

Strong real GDP growth outlook (%) Continued growth in direct investments – both FDI and domestic (IDR trn)

Greater Jakarta average industrial land prices (USD/sqm)

Source: United Nations Department of Economic and Social Affairs - Population Division, as of July 2015

Sizeable domestic market size — world's 4th largest population

Source: Colliers Indonesia International research

Source: Global Economic Prospects, World Bank (January 2016)

8

24

Source: BKPM

1,3

76

1

,31

1

32

2

25

8

20

8

18

9

18

2

16

1

14

3

12

7

12

7

10

1

99

9

3

92

8

1

79

7

9

77

6

8

65

6

4

60

5

4

54

5

3

50

4

8

46

4

6

0

400

800

1,200

1,600

Ch

ina

Ind

ia

US

Ind

on

esia

Bra

zil

Paki

stan

N

iger

ia

Ban

glad

esh

Ru

ssia

nM

exic

oJa

pan

P

hili

pp

ines

Eth

iop

ia

Vie

tnam

Egyp

tG

erm

any

Iran

Tu

rkey

Co

ngo

Thai

lan

dU

KFr

ance

Ital

y S.

Afr

ica

Mya

nm

arTa

nza

nia

Kore

aC

olo

mb

iaSp

ain

Ken

ya

6.4 6.2 6.05.6

5.0 4.75.3 5.5 5.5

0.0

2.0

4.0

6.0

8.0

2010 2011 2012 2013 2014 2015 2016F 2017F 2018F

175230 270 307

366

96

7693

128156

179

50

0

100

200

300

400

500

600

2011 2012 2013 2014 2015 Q1 2016

FDI Domestic Direct Investment

251

323

398

463

545

147

56 6281

114 118

159174 169 174

0

40

80

120

160

200

2008 2009 2010 2011 2012 2013 2014 2015 Q1 2016

Thank Youwww.jababeka.com