INVESTOR RELATIONS News From

PT Bakrieland Development Tbk

June 2014

News From The Business Units - Page 2

Financial Summary 2013 - Page 1

Project Update - Page 3 & 4

Bakrieland’s consolidated net revenues in FY2013 rose by 13.6% to Rp 3,324.9 billion compared to FY2012, in which revenues were Rp 2,926.3 billion. Higher revenues in FY2013 were mainly contributed from land sales by City Property at Rasuna Epicentrum.

Gross profit increased 14.9% to Rp 1,847.8 billion compared to FY2012, which amounted to Rp 1,607.8 billion.

In 2013, operating profit sharply increased from Rp 783.5 billion in FY2012 to Rp 1,168.8 billion in FY2013.

Nevertheless, the company posted a net loss attributable to the ownership of the parent entity in 2013 as a consequences of registering impairment losses on investment for the SAN (subsidiary) to the amount of Rp 143.8 billion and losses for the sale of shares under the BJA (subsidiary) to the amount of Rp 863.5 billion.

On the other hand, the company profited from the sale of Pan Pacific Nirwana Bali Resort for Rp 646.7 billion. This financial gain allowed for a reduction in net loss attributable to the parent entity ownership from Rp 1,202.1 billion in 2012 to Rp 231.1 billion in 2013.

In 2013, Bakrieland recorded lower cash & cash equivalents amounting to Rp 140.5 billion or a decrease of 47.7% compared to the same period in 2012. The decrease of cash & cash equivalents was primarily due to payment of long-term loans (bank loans and bonds).

Trade receivables – third parties in FY2013 decreased 49.7% to Rp 412.6 billion compared to FY2012, due to the sale of 15% share ownership in BJA, therefore receivables from BJA amounted to Rp 174.6 billion, that are no longer consolidated.

In 2013, total assets decreased 19.3% from Rp15,235.6 billion in FY2012, to Rp 12,301.1 . This is principally due to decrease in land bank and fixed assets due to divestment of subsidiaries BJA and BNR.

In 2013, total liabilities decreased by 15.4% to Rp 5,135.7 billion compared to Rp 6,071.4 billion in 2012. This is primarily due to the settlement and payment of several long-term bank loans and due to related parties to Sentul City was no longer consolidated.

FINANCIAL SUMMARY 2013

PT Bakrieland Development Tbk – Investor Relations June 2014 I 1

(IDR billion) FY2013 FY2012(1) % Change

Net Revenues 3,324.9 2,926.3 13.6%

Gross Profit 1,847.8 1,607.8 14.9%

Operating Profit 1,168.8 783.5 49.2%

EBITDA 1,287.7 834.5 54.3%

Net Loss(2) (231.1) (1,202.1) (80.8%)

(IDR billion) FY2013 FY2012 % Change

Cash & cash equivalents 140.5 268.4 (47.7%)

Trade Receivables -Third Parties 412.6 820.4 (49.7%)

Inventories 1,079.4 1,695.4 (36.3%)

Land Bank 1,385.2 5,093.2 (72.8%)

Fixed Assets 1,620.8 3,498.0 (53.7%)

Other assets 7,662.6 3,860.2 98.5%

Total Assets 12,301.1 15,235.6 (19.3%)

Interest Bearing Liabilites 3,522.5 3,561.2 (1.1%)

Other Liabilities 1,613.2 2,510.2 (35.7%)

Total Liabilities 5,135.7 6,071.4 (15.4%)

Non-controlling Interest 70.3 1,858.0 (96.2%)

Equity(3) 7,095.1 7,306.2 (2.9%)

(IDR billion) FY2013 FY2012(1)

Gross margin 55.6% 54.9% 0.7%

Operating margin 35.2% 26.8% 8.4%

EBITDA margin 38.7% 28.5% 10.2%

Net margin (6.9%) (41.1%) 34.2%

ROA (1.9%) (7.9%) 6.0%

ROE (3.3%) (16.5%) 13.2%

Debt(4) to equity 49.7% 48.7% 1.0%

(1) restated due to plans for the sale of PT Samudra Asia Nasional

(2) loss for the year attributable to parent entity

(3) equity attributable to parent entity

(4) interest bearing liabilities

In line with the high demand of sector property in Yogyakarta,

on 23 April 2014, PT Graha Multi Insani (GMI) held the ground

breaking of Hadiningrat Terrace, located on Jl. Prof DR Sardjito,

Yogyakarta. Hadiningrat Terrace is a 272 units project which

commenced pre-sales in December 2013, and has now

achieved sales in excess of 65% by end June 2014.

PT Graha Multi Insani remains optimistic with the positive

response given by the community, Hadiningrat Terrace can be

sold out by end of 2014. On the same day, GMI held the topping

off of the Awana Condotel project with 296 units, which are

located on Jl. Mayjen Sutoyo, Yogyakarta. All units have now

been 100% sold.

In addition to the Hadiningrat Terrace and Awana Condotel, on

that day PT GMI also introduced the latest project, the Awana

Town House Premium range. The residences are located in the

exclusive area of Awana Yogyakarta. Awana Townhouse

Premium is built with the emphasis of traditional ethnic themes,

that presents a different theme to each unit of the 12 units.

NEWS FROM THE BUSINESS UNITS

In 20 June 2014, City Property business unit held the topping

off Ocea Condotel, which launched back in June 2012.

This event attended by Board Of Directors PT Bakrie Swasakti

Utama, Mr. Bill Vincent (Regional Director of Operation &

Project Swiss – Belhotel) and Mr R.A Zein Wargadibrata

(Branch Manager K.C Cawang Bank BTN).

Ocea Condotel has the concept of modern minimal architecture,

located in Rasuna Epicentrum. Ocea Condotel sits on 12.582

m2 land area, consists of 32 floors and 324 units with facilities

include: resort swimming pool, meeting room, coffee shop and

lounges. Around 52% units already sold by June 2014.

Ocea Condotel will be operated by Swiss Bell Hotel as a four

star hotel/condotel. Swiss Bell Hotel operates over 30

properties throughout Indonesia and will provide all the

conveniences for guests as well as a profitable return for

investors.

Ground Breaking Hadiningrat Terrace, Topping Off Awana Condotel & Launching Awana

Town House Premium in Yogyakarta

Topping Off Ocea Condotel in Rasuna Epicentrum

PT Bakrieland Development Tbk – Investor Relations June 2014 I 2

PROJECT UPDATES

PT Bakrieland Development Tbk – Investor Relations June 2014 I 3

SENTRA TIMUR RESIDENCE

• Total land area : 32.343 sqm • Launched:

Phase 1A : April 2008

Phase 1B : April 2012 Total units : Phase 1 A : 1.327 units (Unit Sold 88%) Phase 1 B : 885 units (Unit Sold 60%)

• Construction Progress : Phase 1A 100%

Phase 1B 65%

• Price Range : $ 27.000 – $ 33.000 / unit

• Total land area & Total Unit : CP 1 : 1.995 sqm / 11 units

CP 2 : 2.966 sqm

/ 15 units

• Launched : CP 1 : July 2011

CP 2 : April 2012

• Total units Sold (average) : 85%

• Construction Progress : CP 1 : 100%

CP 2 : 60%

• Price Range : $ 210.000 / unit

COMMERCIAL PARK (CP 1& 2) MUTIARA PLATINUM

• Total units : 11

• Total land area : 2.055 sqm • Launched : 20 October 2012

• Total units Sold (average) : 60%

• Construction Progress : 80%

• Price Range : $ 190.000 / unit

GRAND MUTIARA PLATINUM

• Total units: 14

• Total land area : 2.220 sqm • Launched : November 2013

• Total units Sold (average) : 15%

• Construction Progress : Infrastructure 85%

• Price Range : $ 200.000 / unit

COMMERCIAL PARK 7

• Total units : 17

• Total land area : 3.958 sqm • Launched : December 2013

• Total units Sold : 40% • Construction Progress : Preparation stages

100% • Price Range: $ 310.000 / unit

A four star strata hotel with 324 units

Construction progress 63%

Total Units Sold : 52%%

Target completion in 4Q2014

Average price :$ 140.000 / unit

Average price : $ 3.400 / sqm

2 mid-segment condominium towers with 676 units

Total Units Sold : 98,5%

Construction progress 100%

Completed 4Q2013

Average price : :$ 100.000 / unit

Average price : :$ 2.000 / unit

2 mid-up segment condominium towers with 440 units

Total Units Sold : 67%

Construction progress84%

Target completion in 3Q2014

Average price : :$ 255.000 / unit

Average price : :$ 2.700 / sqm

A five star strata title hotel with 151 units

Total Units Sold : 74%

Construction progress 100%

Completed in 4Q2013

Average price : :$ 155.000 / unit Average price : :$ 2.400 / sqm

Land Area : 1.5 ha

Total Tower : 3 towers

Total unit : ± 1.200 units

Launched : April 20th 2013 (Wing

Azure)

Progress Sold 45%

Launched : June 1st 2013 (Wing

Balfour)

Progress Sold 27%

Average price : :$ 30.000 / unit

Dry theme park

Land Area : 5.5 ha

Opened : Dec 2013

Target Visitor : 1 million/year

Features : Theme Park, Jungle Bazaar (Center

of Arts, Handy craft and Local & Int’l

Culinary cuisine) , Family Rides,

Education Zone, Petting Zoo, Garden

Festival, Carnival Show, Light Show,

Branded Restaurant

Land Area : 3.7 ha

Total Units : 98

Launched : March 2012

Total Units Sold : 98%

Average price : :$ 100.000 / unit

Average price : :$ 700 / sqm

Land Area : 6.2 ha

Total Units : 75

Launched : March 2012

Total Units Sold : 48%

Average price : :$ 300.000 / unit

Average price: :$ 900 / sqm

JUNGLE SKY JUNGLE FEST INDIGO CLUSTER OLIVE CLUSTER

PT Bakrieland Development Tbk – Investor Relations June 2014 I 4

PROJECT UPDATES

OCEA CONDOTEL THE GROVE SUITES THE GROVE

CONDOMINIUM THE WAVE