STRICTLY PRIVATE & CONFIDENTIAL TOGETHER WE CRAFT …

TOGETHERWECRAFTA NEWHORIZON

M I N I E X P O S E S T R I CT L Y P R I V AT E & C O N F I DE N T I A L

RIZON

PT PERINTIS TRINITI PROPERTI Tbk(“TRINITI LAND”)

TABLE OF CONTENTS

TABLE OF

CONTENTS

TRINITI LAND - MINI EXPOSE

• Company Overview• Project Status• Financial Performance• Corporate & Business Strategy• Development Priority • Financial Projection• Investment Opportunity & Indicative Structure• Appendix

PT Perintis Triniti Properti Tbk (“TRINITI LAND”)


COMPANY OVERVIEW

COMPANY

OVERVIEW

3



COMPANY OVERVIEW

COMPANY OVERVIEW

PT Perintis Triniti Properti, Tbk (“Triniti Land”) was established on March 13, 2009. The company is a property developer company, highly experiencedin developing landed house and high-rise building. Completed projects mainly located in Alam Sutera and Serpong Area. Moving forward,the Company will expand its horizon to other big cities in Indonesia.

VisionTo be one of the top 10 and Trusted Developers in Indonesia by initiating a leading standard plat form in the industry; innovation, punctualityand high investment values for both stakeholders and consumers.

Mission• Collaborating with world class consultants, architects and building managements to establish iconic projects for countless generations.• Initiating and building a “Trend Setter & Innovative” project concept for the Existing market, Niche & new millennial generation.• Recruiting professional workforce by enforcing welfare needs and careers prospects.

COMPANY PROFILE

PROJECT AREA

COMPLETED

Ubud VillageMelrose PlaceBrooklyn

ONGOING

Springwood ResidenceYukata SuitesThe SmithCollins Boulevard

UPCOMING

Marc’s Boulevard - Batam

• North Jakarta• Simatupang - South Jakarta• Kemang – South Jakarta• Lampung• Medan• Surabaya

PROJECT PIPELINE

4


COMPANY OVERVIEW

The Milestone

Established in2009

2009Ubud Village360 Landed HousesIDR 180 Billion

2011Melrose Place Dormitory(200 rooms)IDR 50 Billion

2014Brooklyn 2 Residential Towers IDR 1,2 Trillion

2015Yukata Suites Japanese Resort Condominium IDR 900 Billion

2016The SmithSoho & Office TowerIDR 1 Trillion

2017Collins Boulevard 3 Residential Towers, 1 Office Tower & 4 Stars HotelIDR 4.7 Trillion

2019IPO

2014Springwood Residence1.400 Apartment UnitsIDR 900 Billion

2018Marc’s BoulevardMixed-use DevelopmentIDR 5 Trillion

5

PT Perintis Triniti Properti Tbk(“TRINITI LAND”)


COMPANY OVERVIEW

Company Structure Our Management Team

SEPTIAN STARLINPresident Commissioner

MATIUS JUSUFCommissioner

ERMAN SUPARNOIndependent Commissioner

ISHAK CHANDRAPresident Director

BONG CHANDRAVice President Director

JOHANES L. ANDAYAPRANADirector

HIZKIA WEHANTOUWDirector

TOMMY YUDISTIRADirector

YOHANES E CHRISTIANTOIndependent Director

PT Kunci DaudIndonesia

PT Intan InvestamaInternasional

PT Perintis Triniti Properti, Tbk

PT Triniti Dinamik(2010)

PT Triniti PilarGemilang (2013)

PT Sirius TerangCemerlang (2013)

PT Triniti MenaraSerpong (2016)

PT Puri Triniti Batam (2018)

PT Triniti MenaraGading (2017)

PT Triniti DinamikSantoz

55% 45%

51% 99.9%

99.2% 50%70%

99.9%70%

STANLEY SETIADIDirector

6


COMPANY OVERVIEW

Quality Management & Awards

BEST BOUTIQUE DEVELOPER

TRINITI LAND

BEST MID END CONDO DEVELOPMENT

Collins Boulevard

BEST MID END COND

ARCHITECTURAL DESIGN

The Smith

WINNER

BEST HIGH-END CONDO DEVELOPMENT

Yukata Suites

HIGHLY COMMENDEDCONSUMER CHOICE AWARD

By Rumah123.com 2015

TOP PROPERTY

By Property-in 2016

INDONESIA ENTREPRENEUR &

EDUCATION

Award 2016t

BEST TAX PAYER AWARD

2015, 2016, 2017

DEVELOPER OF THE YEAR

By Property & Bank 2017

THE BEST LEADING COMPANY

In Developer Company of The Year 2017

BEST PERFORMANCE PROPERTY

DEVELOPER

Company of The Year 2017

Program Sosial Kepolisian RI by Bedah Rumah

TOP CSR 2018

7


PROJECTS

PROJECTS

Status

8



PROJECTS

Project Portfolio – Completed

• Project Name : Ubud Village• Location : Sudimara Timur, Ciledug, Tangerang• Concept : Landed House & Shophouse• Unit : 360 unit• Area : 52,105 m²• Contraction Completed : 2011• Project Value : IDR 180 Billion

• Project Name : Melrose Place• Location : Palmerah, West Jakarta• Concept : Landed House & Shophouse• Unit : 200 rooms • Area : 4,225 m²• Contraction Completed : 2012• Project Value : IDR 50 Billion

• Project Name : Brooklyn• Location : Paku Alam, Serpong Utara, Tangerang• Concept : Premium Office, Penthouse, SOHO, Apartment• Unit : 900 unit• Area : 58,851 m²• Contraction Completed : 2016• Project Value : IDR 1.2 Trillion

2009

2011

2013

9


PROJECTS

Project Portfolio - Ongoing

Springwood is situated in Serpong prime area,just 1 minute away from Serpong Toll exit, MallAlam Sutera and Binus University, with totalarea of 6,700 m2. Springwood comprises ofapartment, hotel operated by Aston.

FACILITY

Marketing SalesAs June 2019, marketing sales Apartment and Commercial has reached 96% or IDR 726 billion.

1404Apartment units,4 floors144Rooms of hotel

500Parking lots

Health and LeisureInfinity pool, sky lounge, BBQ pavilions, fitness center

SecurityPrivate access card and 24-hour security

Free Shuttle BusTo Binus University & Mall @ Alam Sutera

Retail and CommercialArcade

Construction ProgressIn June 2019 is 99.5%

Project ValueIDR 900 Billion

SPRINGWOOD RESIDENCE

10


PROJECTS


FACILITY

Marketing SalesAs June 2019, marketing sales has reached 82% or IDR 753 billion.

343Units

Sound ProofWith full glass facade

Private LiftLimited units

Dedicated Parking

Smart ToiletHygienic and all-in-one solution in modern bathroom


Project ValueIDR 916 Billion

Yukata is the first Japanese-themedcondominium located in Alam Sutera. It is formof joint venture between the company and PTWaskita Karya Realty. Yukata offers premiumJapanese facilities.

YUKATA SUITES

11


PROJECTS


FACILITY

Marketing SalesAs June 2019, marketing sales has reached69% or IDR 690 billion.

535Units

Health and LeisureFitness Lounge, Skypoll, indoor gardenplaza

F & BMeeting package, Coffee shop

ServiceReceptionist, multimedia operator


Project ValueIDR 1 Trillion

The Smith is a high-rise building project fixatedon SOHO and office building in Alam Sutera,Tangerang with area of 5000 m2 facilited withmore than 1000 m2 amenities consist ofmeeting room, business lounge, auditorium,receptionist and coworking space

Meeting Room10 meeting rooms and 1 auditorium

THE SMITH

12


PROJECTS


THE COLLINS BOULEVARDFACILITY

2,909Units

3 Recedential towers

Construction ProgressTower A : In June 2019 is 15%

Project ValueCollins Tower A : 1.04 Trillion4 Towers : IDR 4.7 Trillion

Triniti land work together with DP ArchitectSinagpore to design Collins Boulevard. DPArchitect has abundant iconic projects addedto its portofolio with notable project, to name afew, Dubai Mall, Resort World Sentosa,Singapore National Stadium and Mass RapidTransit (MRT)

1 Office towers

4-star Hotel

2000 Parking lot

1,500 m²Luxurious ballroom

Marketing Sales As June 2019, marketing sales Collins Boulevard Tower I has reached 43.87% or IDR 504 Billion

13


PROJECTS

Project NameMarcs Boulevard

Land Area252,109 m²

LocationPasir Putih - Batam

Building Area180,893 m²

ConceptMixed UsePhase 1 Condovilla (mid-rise apartment), shophouse and commercial

Unit976 unitPhase 1 consist ofCondovilla 243 unit and shophouse 20 unit


Construction Start2020

Project Portfolio – Up Coming Project

14


PROJECTS

Project NameMarcs Boulevard

Land Area252,109 m²

LocationPasir Putih - Batam

Building Area180,893 m²

ConceptMixed UsePhase 1 Condovilla (mid-rise apartment), shophouse and commercial

Unit976 unitPhase 1 consist ofCondovilla 243 unit and shophouse 20 unit


Construction Start2020

Project Portfolio – Up Coming Project

15


PROJECTS

Project Portfolio – Project Pipeline

Project Name“North City Living - Project 1

Project Name“South Resort Living” - Project 2

16


FINANCIAL PERFOMANCE

FINANCIAL

PERFORMANCEFull Year 2016 – 2018 & June 2019

17




Net Profit Margin

Booked Revenue (IDR Billion) Comprehensive Income (IDR Billion) • Net Profit Margin from Year 2017 – 2018 is highbecause of accounting treatment fromKSO/Join Operation with partners for Brooklynand Yukata project. We just booked the NetProfit NOT the Revenue.

• Total revenue in June 2019 was derived fromSpringwood and The Smith (58%).

• The Revenue & Net profit for on going projectssuch as the Collins Boulevard and Marc’sBoulevard will be booked starting 2020. It willcreate big jump up starting 2020 onward

In Billion Rupiah

Income Statement

2016 2017 2018 Jun-18 Jun-19

Sales and Revenue 282.2 221.3 229.5 86.2 131.8Cost of Sales and Direct Costs -177.5 -159.1 -169.3 -68.9 -91.5Gross Profits 104.7 62.2 60.2 17.3 40.3Operating Income (Expense) -42 82.3 25.2 19.8 -6.7Operating Profit 62.7 144.5 85.4 37.1 33.6Other Income (Expense) 4.6 4.1 10.5 7.3 -0.1Earning Before Tax 67.3 148.6 95.9 44.4 33.5Income Tax Benefit (Expense) -0.6 -0.4 -0.3 0.0 0.0Net Income 66.7 148.2 95.7 44.4 33.5Other Comprehensive Income 37.1 10.5 4.5 4.2 6.7 Comprehensive Income 103.8 158.7 100.2 48.6 40.2

Income Statement December 31 June 30

18



Asset (IDR Billion) Liabilities (IDR Billion)

Equities (IDR Billion) Ratio (x)

Balance Sheet

748.1

1,364.1

1,596.2 1,729.3

2016 2017 2018 30 Juni 2019

520

971

1,092

1,207

2016 2017 2018 30 Juni 2019

227.9

393.1

504.1 522.5

2016 2017 2018 30 Juni 2019

2.28 2.47

2.17 2.31

0.70 0.71 0.68 0.70

2016 2017 2018 30 JUNI 2019

Liabilities/Equities Liabilities/Asset

19


CORPORATE & BUSINESS STRATEGY

CORPORATE &

BUSINESS

STRATEGY

20



The Competition Mapping

Lifestyle & Trend Setter Project Focus

Luxury Hotel & Hospitality

Industrial Property

Recurring/ Investment Project Focus

Town Ship & Residential Developer

Opportunistic

Positioning Strategy

Me too project

First in the

Market

Core

Value Added

Apartment & Mixed Used Focus

• The Management will position the company to develop mainly on Core, Value Add & a Few Opportunistic projectthat follow market trend

• Focus on launch a new project that Innovative and Life Style project focus with “First in the Market” mindset

The Competition Mapping and Positioning Strategy

Comp 1

Comp 4

Comp 5

Comp 2

Comp 6

Comp 7

Comp 3

Comp 8


21


Scalable and agile Organization & Process

Admirable Human Capital in the Industry

To be 1 of the top 10 & trusted Developers Indonesia

Stra

tegi

cPi

llar

SustainableGROWTH

Innovation &

Technology

Asset Utilization &

Capital Efficiency

Cor

pora

te

Foun

datio

n

3 Pillar of Core Company Strategy

3 (three) PILLAR Corporate Strategy


22


Corporate Key Strategies

Strategic Pilar Key Strategies

SustainableGROWTH

• Building Triniti Land Brand Equity program• Footprint expansion to other growth area OUTSIDE Serpong & Greater Jakarta• Expansion focus only to Core project but also to Value Add and Niche market project based on

the market direction & trend• Strategic Partnership for speeding growth• Improve Recurring Income by Organic or In-Organic growth (acquisition)

Innovation &

Technology

• “FIRST IN THE MARKET” Attitude (Trend setter) in project concept & idea• Technology Focus and Initiate Technology Platform in all marketing, development, operation &

Investment activities• Faster development timetable for all growth center by adapting best practice technology

Asset Utilization & Capital Efficiency

• Hub and Spoke project expansion• Light Asset Investment & Partnership model development focus• Centralize Management Team support • Initiate Initial Public Offering (IPO) and Other Low Cost & CREATIVE Alternative Funding (REIT,

ICO, etc.)• Strong Budgeting & Cash Flow Management Implementation

Scalable and agile Organization & Process

• “Creating Productive & Stand-Alone Sub Business Unit to speeding up the process & Decision Making

• Standardize key processes and quality & productivity improvement program• Developing Customer Service program for improving Customer Satisfaction

Admirable Human Capital in the Industry

• “Work life Balance & Play” as Corporate HR Landscape• Develop Coaching & Talent Pool development• Creating best reward system to boost Entrepreneurship mindset, Commitment and Engagement

To elaborate the Strategic Pillar, management is setting up the Key Strategies to bring company to the next level:


23


DEVELOPMENT PRIORITY

DEVELOPMENT

PRIORITY

24



Future Development Priority

Niche

Core 1

Opportunistic

Logistic Park

Core 2

Value Add

Mixed Use Dev.

Specialist Center

TOD Project

Senior Living

Student Housing

Life-Style Retail

Urban

Health Care

Data Center

Education

Business Park

BOT Project

Affordable Housing

Project priority

The management also decided to prioritize the development based on future market trend & demand driven by new economy.

DEVELOPMENT PRIORITY

25


FINANCIAL PROJECTION

FINANCIAL

PROJECTION

26



The BOOKED REVENUE projection for the next 5 years are as follow:

Booked Revenue

2019 2020 2021 2022 2023 2024

PTP HQ - 13,534,925 15,861,190 27,878,448 30,355,647 33,409,813

TMS - Collins Boulevard 43,336,376 320,347,007 486,250,885 578,925,220 638,039,923 660,426,559

PTB - Marc's Boulevard - 82,452,321 237,064,868 343,789,931 458,740,135 499,147,200

STC - Yukata - - - - - -

TPG - Marketing Team 13,285,442 13,598,771 21,337,829 24,878,373 24,814,479 24,030,711

TD - Springwood & SMITH 306,281,898 387,044,634 218,251,325 181,428,366 125,557,083 30,935,844

MAP - New - - 142,201,743 371,599,638 416,225,932

Total 362,903,716 816,977,658 978,766,098 1,299,102,082 1,649,106,904 1,664,176,059


27


The NET PROFIT projection for the next 5 years are as follow:


The Revenue (previous page) and Net Profit Jump up starting 2020 onward because of the ongoing project such as Collins Boulevard & Marc’s Boulevard will be booked.

28


The Proforma Profit & Loss for the next 5 years are as follow:

PROFORMA PROFIT & LOSS

2019 2020 2021 2022 2023 2024

Pendapatan dan penjualan 362,903,715,978 816,977,658,431 978,766,097,918 1,299,102,081,622 1,649,106,904,082 1,664,176,058,837

Beban langsung dan beban pokok

penjualan (237,962,771,906) (575,864,188,542) (601,308,268,487) (719,963,005,754) (922,349,681,403) (769,587,990,796)

Laba bruto 124,940,944,072 241,113,469,889 377,457,829,431 579,139,075,868 726,757,222,679 894,588,068,041

Beban umum dan administrasi (50,384,461,725) (52,770,255,896) (84,142,935,593) (116,525,948,658) (134,853,214,302) (156,118,922,849)

Beban penjualan (26,432,841,142) (46,567,394,928) (33,802,256,295) (69,122,885,742) (89,996,716,113) (99,120,069,685)

Bagian laba(rugi) ventura bersama 4,932,779,774 (9,546,006,891) (3,657,930,301) (146,353,775) (153,671,464) (161,355,036)

Pendapatan (beban) lainnya - bersih 15,646,100,677 (8,778,131,929) (4,937,286,351) (4,095,423,710) (2,820,280,876) (31,096,360,438)

Laba operasi 68,702,521,656 123,451,680,245 250,917,420,891 389,248,463,983 498,933,339,924 608,091,360,033

Pendapatan(beban) keuangan (130,246,753) (234,444,155) (246,166,363) (258,474,681) (271,398,415) (272,529,242)

Laba sebelum pajak 68,572,274,903 123,217,236,090 250,671,254,528 388,989,989,302 498,661,941,509 607,818,830,791

Beban pajak badan (2,128,971,665) (9,749,884,599) (17,617,913,470) (26,335,684,471) (33,676,324,736) (36,661,105,313)

Laba tahun berjalan 66,443,303,238 113,467,351,491 233,053,341,058 362,654,304,831 464,985,616,773 571,157,725,479

Laba tahun berjalan yang

dapat diatribusikan kepada:

Pemilik entitas induk 38,848,479,249 59,381,016,369 132,397,356,033 195,909,116,137 249,913,054,436 287,541,927,181

Kepentingan non pengendali 27,594,823,989 54,086,335,122 100,655,985,025 166,745,188,694 215,072,562,337 283,615,798,298

66,443,303,238 113,467,351,491 233,053,341,058 362,654,304,831 464,985,616,773 571,157,725,479


30



PROFORMA BALANCE SHEET

2019 2020 2021 2022 2023 2024 18

ASET

Aset Lancar

Kas dan setara kas 288,440,316,562 278,900,062,447 477,765,773,100 659,390,063,317 598,183,447,213 836,483,106,869 80,224,626,175.00 Piutang usaha 136,050,214,943 156,068,731,540 117,789,355,504 86,958,071,895 227,204,274,507 188,571,880,470 101,937,147,182.00 Piutang lain-lain 287,110,449,000 293,605,449,000 385,367,830,752 466,761,107,117 517,706,012,060 578,833,515,064 15,087,387,643.00 Persediaan 711,378,451,351 734,793,787,415 620,140,975,808 474,439,176,590 468,993,267,532 460,745,541,394 626,174,226,864.00 Pajak dibayar dimuka 43,033,158,000 43,033,158,000 43,033,158,000 43,033,158,000 43,033,158,000 43,033,158,000 39,865,519,663.00 Biaya dibayar dimuka 19,273,345,796 19,273,345,796 19,273,345,796 19,273,345,796 19,273,345,796 19,273,345,796 17,144,419,972.00 Uang muka pembelian 32,089,185,000 188,172,537,039 324,860,263,598 460,073,901,104 635,609,581,895 815,421,914,005 23,291,520,845.00 Uang jaminan 54,850,000 54,850,000 54,850,000 54,850,000 54,850,000 54,850,000 38,850,000.00

Jumlah 1,517,429,970,652 1,713,901,921,237 1,988,285,552,558 2,209,983,673,819 2,510,057,937,003 2,942,417,311,598

Aset Tidak Lancar

Investasi pada entitas asosiasi 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 - Ventura bersama 202,671,723,000 202,671,723,000 202,671,723,000 202,671,723,000 202,671,723,000 202,671,723,000 192,795,673,199 Properti investasi 81,166,155,000 81,166,155,000 81,166,155,000 81,166,155,000 81,166,155,000 81,166,155,000 76,881,784,590 Aset tetap-bersih 90,477,625,924 86,105,551,273 82,469,860,259 78,310,264,437 75,446,367,531 71,750,442,179 92,278,570,400 Persediaan real estate 248,068,667,144 328,246,537,501 394,077,674,439 495,941,664,159 450,849,931,932 510,956,612,319 756,155,969,116 Piutang lain-lain 3,548,438,000 162,054,219,000 120,385,000,000 80,350,000,000 40,315,000,000 280,000,000 - Aset lain-lain 137,229,858,000 307,329,858,000 307,329,858,000 307,329,858,000 307,329,858,000 307,329,858,000 124,743,741,191 Aset pajak tangguhan 323,663,000 323,663,000 323,663,000 323,663,000 323,663,000 323,663,000 162,385,809

Jumlah 763,488,130,068 1,167,899,706,774 1,188,425,933,698 1,246,095,327,596 1,158,104,698,463 1,174,480,453,498

Jumlah Aset 2,280,918,100,720 2,881,801,628,011 3,176,711,486,256 3,456,079,001,415 3,668,162,635,466 4,116,897,765,096


31




2019 2020 2021 2022 2023 2024

LIABILITAS DAN EKUITAS

Liabilitas

Liabilitas Jangka Pendek

Utang Usaha 5,158,419,000 5,158,419,000 5,158,419,000 5,158,419,000 5,158,419,000 5,158,419,000 28,159,193,853 Utang lain-lain 245,766,210,048 245,766,210,048 245,766,210,048 245,766,210,048 245,766,210,048 245,766,210,048 164,768,794,886 Pendapatan diterima dimuka 94,204,738,000 94,204,738,000 94,204,738,000 94,204,738,000 94,204,738,000 94,204,738,000 169,649,978,164 Uang muka penjualan 222,819,486,513 283,028,347,461 336,866,380,460 352,063,111,356 193,821,448,166 195,316,762,349 78,401,958,779 Utang pajak 912,814,000 912,814,000 912,814,000 912,814,000 912,814,000 912,814,000 1,847,864,712 Biaya masih harus dibayar 24,724,434,940 24,724,434,940 24,724,434,940 24,724,434,940 24,724,434,940 24,724,434,940 24,956,332,891 Utang obligasi konversi 50,380,952,000 50,380,952,000 50,380,952,000 50,380,952,000 50,380,952,000 50,380,952,000 53,075,900,306

256,971,154,000 248,772,319,289 221,825,771,029 75,277,395,599 71,454,194,532 100,711,785,032 256,971,154,000 Utang pembelian aset tetap 378,194,000 378,194,000 378,194,000 378,194,000 378,194,000 378,194,000 417,800,929

Jumlah 901,316,402,501 953,326,428,738 980,217,913,477 848,866,268,943 686,801,404,686 717,554,309,369

Liabilitas Jangka Panjang

Utang bank 402,272,301,000 631,509,575,563 670,980,732,794 726,051,712,625 642,220,719,160 496,051,343,628 542,409,575,563 Utang ventura bersama 18,453,200,000 18,453,200,000 18,453,200,000 18,453,200,000 18,453,200,000 18,453,200,000 18,453,200,000 Utang lain-lain 263,388,389,174 269,888,389,174 272,388,389,174 272,388,389,174 272,388,389,174 272,388,389,174 22,166,668,997 Utang lain-lain 263,388,389,174 269,888,389,174 272,388,389,174 272,388,389,174 272,388,389,174 272,388,389,174 105,989,559,824 Utang setoran modal - 63,055,125,000 56,049,000,000 49,042,875,000 42,036,750,000 35,030,625,000 - Utang pembelian aset tetap 314,542,000 314,542,000 314,542,000 314,542,000 314,542,000 314,542,000 413,920,001 Liabilitas imbalan kerja jangka panjang 5,229,988,000 5,229,988,000 5,229,988,000 5,229,988,000 5,229,988,000 5,229,988,000 2,665,652,335

Jumlah 689,658,420,174 988,450,819,737 1,023,415,851,968 1,071,480,706,799 980,643,588,334 827,468,087,802

Jumlah Liabilitas 1,590,974,822,675 1,941,777,248,475 2,003,633,765,445 1,920,346,975,742 1,667,444,993,020 1,545,022,397,171

Bagian jangka pendek liabilitas

jangka panjang


32




2019 2020 2021 2022 2023 2024

EKUITAS

Setoran modal 328,000,000,000 328,000,000,000 328,000,000,000 328,000,000,000 328,000,000,000 328,000,000,000 Tambahan modal disetor 4,173,720,000 4,173,720,000 4,173,720,000 4,173,720,000 4,173,720,000 4,173,720,000 Tambahan Modal Hasil IPO 150,000,000,000 150,000,000,000 150,000,000,000 150,000,000,000 150,000,000,000 150,000,000,000 Penghasilan Komprehensif Lain 33,549,085,074 33,549,085,074 33,549,085,074 33,549,085,074 33,549,085,074 33,549,085,074 Komponen Ekuitas Pada OWK 264,048,000 264,048,000 264,048,000 264,048,000 264,048,000 264,048,000 Pembelian kembail (5,103,000,000) (5,103,000,000) (5,103,000,000) (5,103,000,000) (5,103,000,000) (5,103,000,000) Saldo laba 79,074,858,422 138,455,874,789 270,853,230,936 466,762,346,579 716,675,401,014 1,004,217,328,196

Jumlah ekuitas yang dapat diatribusikankepada pemilik entitas induk 589,958,711,496 649,339,727,863 781,737,084,010 977,646,199,653 1,227,559,254,088 1,515,101,181,270

Kepentingan non pengendali 99,984,566,549 290,684,651,673 391,340,636,801 558,085,826,020 773,158,388,358 1,056,774,186,655

Jumlah ekuitas 689,943,278,045 940,024,379,536 1,173,077,720,811 1,535,732,025,673 2,000,717,642,446 2,571,875,367,925

Jumlah Liabilitas dan Ekuitas 2,280,918,100,720 2,881,801,628,011 3,176,711,486,256 3,456,079,001,415 3,668,162,635,466 4,116,897,765,096


33


INVESTMENT OPPORTUNITYY

INVESTMENT

OPPORTUNITY

34




The company is planning to conduct IPO IN 2H2019 with 20% of enlarge capital.Below is the investment consideration for investor to take the opportunity in this upcoming IPO:

Projects Portfolio in strategic location

Strong Marketing strategy and Sales

Time efficiency in execution of its

projects.

Focus on quality development

Management has Highly experience in property and realty

development

Commitment to Innovation and

Concept

Integrated Development with

consumer target are millennial and middle-class

Investment Highlight

• Company has a very good reputation in creating good branding & produce good sales result

• One of the “strongest inhouse sales team” in the industry

• Company has a good reputation in launching a new project andproject handover

• Triniti Land’s project can be easily differentiated with other developer project from the project concept and development quality

• Almost all Key Shareholders full in-charge in Management having a very good reputable in Property & Real Estate Industry, Management and Sales & Marketing

• The project launched by the company always become the “First in the Market” concept

• Millennials and Middle Class are the new gasoline for the country growth. We simply focus to this new growth gasoline as our target market beside the upper-class market.

• Almost all the Triniti Land project located in strategic location and new growth area.

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The company is planning to use the Fund for the following project development:

On going & New Project Funding

Collins Boulevard Marc’s Boulevard New Project 1

Location & Area Serpong , 2.4 ha Batam, 23 ha North Jakarta , 2 ha

Project Timeline 2018-2024 2019-2028 2020-2026

Gross Development Value Rp. 4 T. Rp. 5-6 T Rp. 3 T

Total Investment Cost (Land & Development cost)

Rp. 3.1 T Rp. 3.8 T Rp. 2.1 T

Expected Net Cash Flow Rp. 900 M Rp. 1.2 T Rp. 900 M

Source of fund Internal Source, Bank Loan & Customer Payment

• Land Cost Internal Equity Internal Equity & Customer Payment (Revenue Sharing)

Internal Equity & Customer Payment

• Development Cost Internal Equity, Shareholder Loan & bank loan

Internal Equity, Shareholder Loan & bank loan

Internal Equity, Shareholder Loan & bank loan

36


INDICATIVE STRUCTURE

INDICATIVE

STRUCTURE

37




38

Indicative Structure

PT Perintis Triniti Properti Tbk (“Triniti Land” or the “ Company”)

a. Up to 820,000,000 new shares (20% of enlarged capital) , comprising:

815,900,000 (99.5% of offering shares) new shares for the public, and

4,100,000 (0.5% of offering shares) new shares under the ESA Program

b. Mandatory Convertible Bond conversion amounted to Rp52,900,000,000

c. Up to 328,000,000 warrant series 1 (7.41% of enlarged capital)

Approx. 35% for development of Collin’s Boulevard through loan to subsidiary

Approx. 35% for development of Marc’s Boulevard through loan to subsidiary

Approx. 30% for cost of development and working capital

Indonesia Stock Exchange (IDX)

Issuer

Offer Structure

Listing

Use of Proceeds

Indonesian Initial Public Offering under OJK Rules and regulationsOffer Type

PT Mirae Asset Sekuritas Indonesia, PT Royal Investium SekuritasJoint Lead Underwriter

Legal Counsel : AZP Legal Consultants

Auditor : KAP Maurice Ganda Nainggolan & Rekan

Notary : Notaris Rudy Siswanto, SH

Share Registrar : PT Adimitra Jasa Korpora

Appraisal : KJPP Ruky, Safrudin & Rekan

Supporting Professionals



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Indicative Timetable

Registration to OJK, IDX & KSEI 2 October 2019

Pre-Effective 1 November 2019

Public Expose 5 November 2019

Bookbuilding Period 5-12 November 2019

Final Registration to OJK 14 November 2019

Effective Statement 21 November 2019

Offering Period 25-29 November 2019

Listing 6 December 2019

TRINITI LAND - MINI EXPOSETRINITI LAND - INFO MEMO

THANK YOU

PT Perintis Triniti PropertI, Tbk (“TRINITI LAND”)

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APPENDIX

APPENDIX -

INDUSTRY

OUTLOOK


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• The national economic outlook is promising, with a faster pace ofgrowth predicted in 2019. Defying global economic moderation,national economic growth is expected to increase in the 5.0-5.4%range. The projection is based on persistently strong demand interms of consumption and investment.

• Investment is predicted to accelerate to around 6.8% in 2018 andwithin the 6.5-6.9% range in 2019. Faster growth in 2018 hasbeen driven by ongoing infrastructure projects in the form ofbuilding and non building investment

Investment Growth Contribution Interest Rate PUAB O/N Growth

GDP Projection

Source : Bank Indonesia Source : Monetary Policy Review September 2018

Source : Mirae Research, Bloomberg

Macroeconomic Overview

As of September 4, 2019 Unit 2017 2018 2019F 2020F 2019F 2020F

Real GDP growth YoY, % 5.1 5.2 5.2 5.2 5.0 5.1

Private consumption YoY, % 5.0 5.1 5.1 5.2

Government spending YoY, % 2.1 4.8 7.5 7.2

Investments YoY, % 6.2 6.7 6.2 6.6

Exports YoY, % 8.9 6.5 8.6 6.9

Import YoY, % 8.1 12 11.6 9.4

CPI %, avg 3.8 3.2 3.8 4.2 3.2 3.5

Budget balance % of GDP -2.9 -1.9 -2.7 -2.6 -2.0 -2.0

Policy rate End, % 4.25 6.00 5.25 5.00 5.4 5.2

USD/IDR IDR, avg 13,400 14,240 14,200 14,200 14,267 14,100

Mirae Asset

ProjectionsConsensus

ECONOMIC& INDUSTRY CONDITION

42


Trend of Credit Interest Rate for consumption, Apartment and Shophouses Commercial Property Demand Index Growth (yoy)

Condominium Sales Rate and Office Supply Increasing demand along with increasing supply in propertymarket breaks the previous decreasing trend. Stabilization isalso supported with declining consumption interest rate andapartment credit loan (KPA), which accommodative toproperty sector and will boost up the upcoming demand.

Along with the company objective to expand the businessand capture new market aiming to generate recurringincome, in the future, the projects that will be developed arespecialized and supporting retail center, logistic center,hospital/health-care and business hotel

Property Industry

ECONOMIC& INDUSTRY CONDITION

43


APPENDIX

APPENDIX -

BALANCE

SHEET


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FINANCIAL PERFORMANCE

In Billion RupiahBalance Sheet

2016 2017 2018 2018 2019ASSETSCurrent Assets

Cash 131.1 204.5 80.2 106.5 36.54 Account receivables 39.4 66.3 101.9 55.6 101.7 Other receivables 3.4 2.9 15.1 4.9 11.3 Real estate inventories 214.2 518.8 626.2 617.9 708.1 Advance payment 14.6 13.6 23.3 23.3 34.0 Prepaid expense 11.2 11.1 17.1 12.1 17.3 VAT 0.3 38.2 39.9 45.8 43.1 Security deposits - 0.1 0.0 0.0 0.1

Total Current Assets 414.1 855.5 903.8 866.1 952.0

Non Current AssetsOther Receivable from Third Parties - - 1.5 0.2 0.3 Investment in joint venture 240.6 179.7 192.8 181.5 202.7 Real estate investories - 159.3 205.5 166.8 225.9 Land Bank - - - - Investment properties 30.2 70.3 76.9 76.1 81.2 Fixed assets 10.2 18.7 92.3 84.5 92.5 Restricted cash 6.5 4.3 12.9 7.7 24.4 Deferred expense 3.9 33.3 69.4 38.5 82.7 Goodwill 42.3 42.3 42.3 42.3 42.3 Security deposit 0.2 0.5 0.2 0.8 2.0 Deferred tax asset 0.1 0.2 0.2 0.1 0.3

Total Non Current Assets 333.9 508.5 692.5 598.2 754.2

Total Assets 748.1 1,364.1 1,596.2 1,464.5 1,706.2

Balance Sheet31 Desember 30 Juni

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FINANCIAL PERFORMANCE

In Billion Rupiah

Balance Sheet 2016 2017 2018 2018 2019LIABIL ITIES AND EQUITYCurrent L iabilities

Account payable 3.3 14.1 28.2 26.4 15.8 Other payables 5.3 106.4 164.8 138.7 128.5 Accrued Expenses 42.1 34.4 25.0 34.4 24.7 Down payment 91.9 140.7 78.4 77.1 140.1 Revenue in advance 122.0 100.1 169.6 167.7 94.2 Tax payable 1.6 1.8 1.8 2.1 0.9 Payable for fixed assets 0.1 0.2 0.4 1.0 0.4 Mandatory Convertible Bond 37.8 50.4 Portion of long term loan 56.0 199.2 250.8 230.4 250.0

Total Current L iabilities 322.4 596.9 756.8 677.7 705.1

Non Current L iabilitiesJoint Ventures Loan 101.7 18.5 18.5 - 18.5 Payable to affilate 12.7 9.7 22.2 21.9 76.1 Advances from Customers 0.0 Payable for fixed assets 0.2 0.1 0.4 0.1 0.3 Long term loans 82.3 343.9 291.6 317.6 380.4 Post-employment benefits 0.9 1.8 2.7 1.9 5.2

Total Non Current L iabilities 197.8 374.0 335.3 341.5 480.5

Total L iabilities 520.2 971.0 1,092.1 1,019.2 1,185.6

EQUITYShare Capital 2.5 2.5 800.0 800.0 328.0 Subscription Receivables - - (618.4) (472.0) - Additional paid-in capital 4.2 4.2 4.2 4.2 4.2 Equity Component in Covertiable Bonds - - (0.1) - 0.3 Other comprehensive income 37.1 47.4 51.7 47.5 58.1 Retained earnings 176.9 288.1 78.5 19.2 56.3 Non controlling interest 7.3 50.9 188.2 46.4 73.8

Total Equity 227.9 393.1 504.1 445.3 520.7

Total L iabilities and Equity 748.1 1,364.1 1,596.2 1,464.5 1,706.2

Balance Sheet31 Desember 30 Juni

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