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PT Mitra Pinasthika Mustika Tbk

Analyst Gathering26 July 2013

www.mpmgroup.co.id

Agenda

1

I. Company Overview

II. 1H13 Results & FY13 Outlook

I. COMPANY OVERVIEW

Distribution & Retail Auto Consumer Parts Auto Services Financial Services

(a) Includes 14.3% of Individual shareholders in PT Rasi Unggul Bestari(b) 100% for MPMFinance; 60% for SAF; 55% for MPMInsurance(c) Motor Distributor is under our 100% subsidiary, Mulia; Motor Sales is an operating division within MPM

3

Honda motorcycle master distributorin East Java & East Nusa Tenggara

Honda motorcycle retail dealerin 11 provinces

Motorcycle lubricant oilmanufacturer and distributor

nationwide

B2B vehicle rental operator

Car financingcompany

Motorcyclefinancingcompany

Auto and cargoinsurancecompany

PT. SaratogaInvestamaSedaya Tbk

MorninglightInvestments S.a.r.l

Public and IndividualShareholders(a)

100%100% 100% 55-100%

39.8%15.3%44.9%

(b)

(c)

A leading automotive company in Indonesia

(c)

Shareholding and Organization Structure (as of 30 June 2013)

Simon HalimIndependent

Commissioner

Titien SupenoHR Director

Troy ParwataFinance Director

JohanesHermawanOperations

Director

Koji ShimaVice President

Director

Tossin HimawanPresident Director

Board of DirectorsBoard of Commissioners

Edwin SoeryadjayaChairman

Inghie KwikVice Chairman

Danny WallaCommissioner

Istama TatangSiddharta

IndependentCommissioner

MPM has the best-in-class management team

4

BoD members bring over 140 years of combinedexperience in the automotive industry

BoC brings strong mix of operational, strategy, M&Aand governance expertise

5(a) 2H13 Outlook(b) As of 1H13 MSO has 40 retail outlets

Mitra Pinasthika Mulia (“Mulia”) Mustika Sales Operations (“MSO”)Distributor of Honda motorcycles inEast Java and East Nusa Tenggara

Retail sales and services of motorcycles

Rapid sales volume growth, driven by aggressive expansion…Consistent market share capture, supported by…

…best-in-class warehousing and supply chain operations …and well-managed retail dealership network

Honda M/S inEast Java (%)

Motorcycle sales‘000 units

Motorcycle sales‘000 units

Number ofretail outlets47 51 63 66 66(a) 17 22 31 38 41(a)

415 (a) 62 (a)

(b)

656611504736

+14%

2013

863(a)

448

415(a)

2012201120102009

99867554

+21%

2013

114(a)

52(b)

62(a)

2012201120102009

Mulia and MSO are among the best distribution and retailfranchises for Honda motorcycles in Indonesia

6

Federal Karyatama (“FKT”)

Producer and manufacturer of Federal Oil motorcycle lubricant oil. Also does blending and packaging forAHM Oil, the OEM motorcycle oil brand for Honda motorcycles

Sales VolumeKL

32.124

+11%

2013

64,874(a)

32,12432,750(a)

2012

56,393

2011

52,713

2010

45,270

2009

43,370

(a) 2H13 Outlook

Federal Oil is a leading brand in motorcycle lubricantsnationally

Strong ProductPortfolio

Strong ProductPortfolio

Attractive GrowthProfile

Attractive GrowthProfile

Best in ClassProduction Facility

Best in ClassProduction Facility

11

22

33

Matic Products

FederalMatic 30

FederalMatic 40

Gear OilMatic

Non-matic Products

SupremeUltratec

SupremeXX

Evotec 30 Evotec 40

7

Exceptional Growth in Fleet Size

Fleet sizeNumber of cars

Provider of full suite of transportation solutions such as vehicle rental, driver service, fleet management,car pooling, and auto body repair

Wide Geographic Presence

12,104

(a) 2H13 Outlook(b) Sample customers. MPMR has over 950 customers as of June 2013 (c) Source : MPMRent Data as of June 2013

+41%

2013

14,066(a)

12,104

1,896 (a)

2012

7,991

2011

6,196

2010

4,490

2009

3,578

MPMR is the 2nd largest vehicle rental company nationally

Reputable Corporate Clients (b)

12,104

Loyal Customer Profile(c)

Mitra Pinasthika Mustika Rent (“MPMR”)

18%

30%

50%

2%<= 1 year> 1 - 5 years> 5 - 10 years> 10 years

JakartaSurabaya

BalikpapanSemarang

SoloCilegon

Malang

Palembang**

Pekanbaru

Medan

Bandung

Banjarmasin**

LampungSulawesi Selatan

Sulawesi Utara

Bali

Padang

Nunukan

Aceh Kutai Barat

Cirebon

BatamPontia

n

ak

SamarindaJambi

8

• Focus on new and used car purchases aswell as used car and motorcyclerefinancing

• Strong relationship with fundingproviders as well as numerous retail cardealers and showrooms

• 47 branches, 88 outlets and 10marketing offices

• Focus on new Honda motorcycle, usedmotorcycle financing and electronicgoods financing

• Partnership with JACCS, a leadingJapanese consumer finance company,to lower overall funding cost

• 32 branches in 6 provinces

• Offers vehicle, cargo and propertyinsurance

• Established to leverage on broaderinsurance opportunities within MPM

• Reinsurance treaty with SwissReinsurance

• 6 representative offices

Loan portfolio, IDR billion Loan portfolio, IDR billion

88.5%95.9% 87.0%88.4%

(a) 2H13 Outlook

MPM has three financial services subsidiaries to complementits operations

+22%

FY13

3,353(a)

2,999

354 (a)

FY12

2,864

FY11

2,242

+11%

FY13

1,298(a)

1,119

179(a)

FY12

951

FY11

1,061

34

+1,380%

FY13

74(a)

40(a)

FY12

5

Gross Premium, IDR billion

9

MPM has clear strategy to grow its businesses and to furthercapture new opportunities within automotive industryIndonesia’s automotive industry is attractive andgenerated over $59 bn of sales in 2011 MPM has a clear 3-prong strategy to capture growth

Car manufacturing ($12.7 bn)

Car distribution ($13.1 bn)

Car retail ($14.8 bn)

2W manufacturing ($11.2 bn)

2W distribution ($11.9 bn)

2W retail ($13.5 bn)

Spare parts ($1.1 bn)

Lubricant oil ($1.7 bn)Batteries ($1.1 bn)

Tires ($2.1 bn)

Car rental ($2.4 bn)

Taxi ($0.5 bn)

Motorcycle financing ($2.0 bn)

Car financing ($1.5 bn)

Vehicle insurance ($1.2 bn)

Used motorcycle resale ($7.5 bn)

Used car resale ($9.7 bn)

New CarSale

New 2WSale

AutoConsumerParts

AutoServices

Other

AutoFinancialServices

Push inorganicgrowth

Reinforce aseamlessnationwideplatform

Relative market share

Invest aggressivelyin our topperformers

Maintain andprotect leadershippositions in our“cash generators”

Develop businesseswith strong marketgrowth rate, but notyet in leadingpositions

Other Top 5

<10%

≥10%

Mar

ket g

row

th ra

te

• Develop a truly integrated nationwide platform: Identity and brand building Cross-selling of products and services Sharing of resources Proximity to customers

High

Low High

• Push inorganic growth Bolt-ons for existing sub-segments Acquisitions and start ups into new sub-segments

• Actively manage our portfolio1

2

3

(a) All amounts in this diagram are converted to US$ at the average 2011 exchange rate of US$1 = IDR 8,000.Source: Frost & Sullivan, management

II. 1H13 RESULTS & FY13 OUTLOOK

11

1H13 consolidated revenue results

6,781

5,177

+31%

1H13FinanceCompanies

95

Rental

221

AutoConsumer

Parts

100

2WDistribution

+ Retail

1,200

1H12

12

Elimination

% Growthfrom LY +31% +15% +88% +25%

All business units strongly outperform previous year results and are on track to realize FY2013 budget withrevenue run rate of 52%

IDR billion

12

1H13 consolidated net profit after tax results

248

182

+36%

1H13Elimination

5

MinorityInterest

8

Head Office

17

FinanceCompanies

30

Rental

17

AutoConsumer

Parts

1

2WDistribution

+ Retail

48

1H12

% Growthfrom LY +45% +1% +74% +79% +22% +34%

MPM is successfully growing all of its business units while maintaining strong profitability

IDR billion

13

Robust capital structure

MPM improved its capital structure in all fronts and is rapidly accumulating its retained earnings

1,096

1,339

1,010

1H13

10,879

4,240

3,495

+20%

Book Value of Equity

Payables

Bank Funding for SAFand MPMFinance

Mandatory ConvertibleNote

Net Debt (ST & LT Loans)(a)

0 220

1,585

2012

9,070

1,837

Cash

3,216

719

1,192

(a) ST & LT loans less cash

• Total debt levels havedecreased significantly

• Mandatory convertible notewas converted into commonshares of MPM at IPO

• Bank funding for the financecompanies receivables andpayables have increasedconsistent with the growth ofMPM’s operations

• Net debt to equity ratio notincluding funding for thefinance companies hasreduced significantly from0.4x in 2012 to 0.05x in 1H13

+33%+33%

-70%-70%

-100%-100%

+9%+9%

+22%+22%

+131%+131%

IDR billion

14

• Mulia is significantly outperforming themarket. 1H12 to 1H13 sales volume growth:

• 2W Market: 6% - Honda: 12%

• Strong performance despite headwinds:

₋ Increase in Syariah down paymentrequirement in April

₋ Increase in BBM price in June

• Units sold in the month of June reached arecord high of 81.4K motorcycles

• Total dealership increased to 40 dealers

• In 2013, MPMMotor opened 2 new dealers

Makassar Pontianak

• MPMMotor plans to open 1 dealer inPamekasan, East Java in September 2013

Outperforming the market

Motorcycle sales‘000 units +26%

448356

+17%

863(a)736

1H13 Milestones

Key Initiatives in 2H13

IDR billion +31%

1H13

5,098

1H12

3,899

Revenue+21%

FY13EFY12

8,128 9,854

IDR billion+45%

1H13

159

1H12

110

Net Profit After Tax

221

FY12 FY13E

+23%

271

(a) FY2013 Outlook

47 53

1H131H12

+13% 99

FY12

+16%

115(a)

FY13E

MPMMotor

Mulia

15

Outperforming the market(continued)

East Java is attractive and having a greatmotorcycle market because

GDP Contribution from Various Industries in East Java (a)

Agriculture

Trade, Hotel, Resto

Manufacturing

Transportation

Construction

Electricity

Finance

Mining

Services

1%

15%

27%

2%

5%

30%

5%

9%

6%

1. East Java is second largest contributortowards Indonesian economy; while GDP percapita ranked as tenth biggest compared toother provinces (a)

2. Its large size as second most populousprovince and diverse industry; in 2012 , EastJava’s economy grew at 7.3% faster thannational economy growth at 6.5% and aim7.5% in 2013 (b)

3. Honda’s market share in East Java (managedthrough Mulia) was always above Honda’smarket share nationally between 2007 and2012 (c)

(a) Source : BPS(b) Bank Indonesia – Surabaya (c) Based on police registration data

11

22

1,069

66%

25%9%

2011

989

63%

29%9%

2010

1,173

51%

40%

9%979

47%

43%

10%

2008

915

49%

37%

14%

2007

733

47%

35%

18%

20122009

YamahaOthers

Honda

33

16

• MPM completed the acquisition of the 17%minority shareholding in FKT on 10 June2013, making FKT a 100% subsidiary of MPM

• Through effective marketing, matic productsales volume in 1H13 has increased by 144%compared to 1H12

• Product portfolio shift to further emphasizethe higher growth matic segment

• Brand positioning rejuvenation

• Production plant expansion plan is movinginto feasibility study

Good Volume Growth and Efficient Operations Led toStrong Financial Performance

Total SalesVolume KL +10%

1H13

32,124

1H12

29,101

Operational Performance+16%

FY13E

65,460(a)

FY12

56,393

IDR billion+15%

1H13

756

1H12

656

Revenue

FY12

1,286

+20%

FY13E

1,537(a)

IDR billion+1%

1H13

119

1H12

118

Net Profit After Tax(b)

+8%

FY13E

218(a)

FY12

202

1H13 Milestones

Key Initiatives in 2H13

(a) FY2013 Outlook(b) Does not take into account reduction from minority interest

17

• PT Grahamitra Lestarijaya was successfullyacquired in February 2013, which added atotal of 1,830 cars as of 1H13

• PT Surya Anugerah Kencana was successfullyacquired in June 2013, which added a total of1,280 cars

• Utilization rates have remained above 92%

• Construction of driving school building isexpected to complete by end of 2013 withoperations to start on 1 April 2014

Combination of Organic and Non-organic Growthhas Accelerated MPMRent’s into the #2 Position

Total FleetSize +74%

1H13

12,104

1H12

6,955

Operational Performance

+76%

FY13E

14,066(a)

FY12

7,991

IDR billion+88%

1H13

473

1H12

252

Revenue

563

+64%

FY13E

921(a)

FY12

IDR billion

4023

1H12

+74%

1H13

Net Profit After Tax

61

+48%

FY13E

90(a)

FY12

1H13 Milestones

Key Initiatives in 2H13

(a) FY2013 Outlook

18

Acquisition of PT Grahamitra Lestarijaya &PT Surya Anugerah Kencana

• GMLJ as of 6 February 2013,had a vehicleutilization rate of 86.4%, an average long-termcontracts tenor of 1.7 years and an averagevehicle age of 3.1 years

• Fleet mix: 72% of Avanza, Xenia, & Innova

• SAK as of 31 December 2012 had a vehicleutilization rate of 90.0%, an average long-termcontracts tenor of 1.8 years and an averagevehicle age of 2.5 years

• Fleet mix: 70% of Avanza & Xenia

PT Surya Anugerah Kencana

Customer Composition by Industry %

Professional Service (Consultant) 12%Telecommunication 9%Building & Construction 8%Chemical 8%Distribution & Logistics 8%Pharmacy 8%Bank / Finance 7%FMCG 7%Manufacturing 6%Transportation 5%Others 22%

Customer Composition by Industry %

Banking & Finance 27%State Owned Company 14%Pharmacy 10%Manufacturing 10%Distribution & Logistics 6%Food & Beverages 6%Insurance 6%Others 21%

PT Grahamitra Lestarijaya

19

• Total network grew from 45 branches and 87outlets in 1H12 to 47 branches, 8 salesoffices and 85 outlets in 1H13

• # of new accounts increased from 21,163 in1H12 to 30,385 in 1H13

• Weighted average Interest rates on newbookings has decreased from 20.0% in 1H12to 18.8% in 1H13

• The loan portfolio growth has increased NPLratio > 90 days from 1.8% in 1H12 to 2.2% in1H13

• Increase collection efforts to reduce NPLratio to below 2.0%

• To increase network to 50 branches, 14 salesoffices and 100 outlets

Strong Performance Underlined by Growth inNew Bookings

New BookingIDR billion +2%

1H13

1,167

1H12

1,139

Operational Performance

+12%

FY13E

2,552(a)

FY12

2,286

IDR billion+23%

1H13

327

1H12

266

Revenue

+26%

FY13EFY12

694(a)549

IDR Billion

4941+20%

1H12 1H13

Net Profit After Tax

FY13EFY12

100 114(a)

+14%

1H13 Milestones

Key Initiatives in 2H13

(a) FY2013 Outlook

20

• SAF has successfully turned around from anet loss into a profitable company

• # of new accounts increased from 31,314 in1H12 to 48,255 in 1H13

• Weighted average Interest rates on newbookings has increased from 24.2% in 1H12to 33.1% in 1H13

• NPL ratio > 90 days has decreasedsignificantly from 3.2% in 1H12 to 1.7% in1H13

• Target to open 14 new Point of Sales , 10 inEast Java and 4 in greater Jakarta

• Maintain NPL ratio > 90 days at 1.7 % in2H13

New BookingIDR billion +58%

1H13

479

1H12

304

Operational Performance+91%

FY13E

1,056(a)

FY12

552

IDR billion+24%

1H13

143

1H12

115

Revenue

+82%

FY13E

327(a)

FY12

180

IDR billion

17

-3

1H12

+567%

1H13

Net Profit After Tax

-6

31(a)

FY12

+650%

FY13E

1H13 Milestones

Key Initiatives in 2H13

A Successful Turnaround from 2012

(a) FY2013 Outlook

FY2013 Outlook

21

Key metrics FY11 FY12 FY13 CAGR

Profit & Loss (IDR billion)

Net revenue 8,453 10,777 13,281 25.4%

Gross profit 875 1,618 2,080 54.2%

GP margin 10.3% 15.0% 15.7%

Net profit fromcontinuingoperations

266 405 567 46.0%

NP margin 3.2% 3.8% 4.3%

Net profit afterminority interest 220 374 540 56.7%

Balance sheet (IDR billion)

Cash 166 1,192 726

ST & LT loans 219 1,911 1,905

MCNs(a) - 1,010 -

Bank funding for SAFand MPMFinance(b) 836 3,216 3,427

Book value of equity 903 1,837 4,580

• FY2013 outlook has been revisedupward due to strong 1H13performance and momentum

• Gross profit and net profit margincontinues to improve due to strongercontribution from higher marginbusinesses units (automobileconsumer goods, rental, and financeunits)

• Despite the Company’s rapid growthover the last two years, MPM’s netdebt level(c) is still at a comfortablelevel of IDR1,179 billion (US$118million) as of end of FY13

- This implies net debt to equityratio of approximately 0.3x

(a) MCNs had been converted into common shares of MPM at IPO(b) Only commenced consolidation of MPMFinance borrowings in FY12 onwards(c) ST & LT loans less cash

Disclaimer

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• These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the “Company”, “MPM”) and have not beenindependently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed onthe accuracy, fairness or completeness of the information presented or contained in these materials. The Company or anyof its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from anyinformation presented or contained in these materials. The information presented or contained in these materials is subjectto change without notice and its accuracy is not guaranteed.

• These materials may contain statements that constitute forward-looking statements. These statements include descriptionsregarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results ofoperations and financial condition of the Company. These statements can be recognized by the use of words such as“expects,” “plan,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such forward-looking statementsare not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those inthe forward-looking statements as a result of various factors and assumptions. The Company has no obligation and doesnot undertake to revise forward-looking statements to reflect future events or circumstances.

• These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation ofany offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form thebasis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Anydecision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professionaladvice.