Management Presentation. March 2016

(1)

Management

Presentation

(2)

LINES OF BUSINESS

CONSTRUCTION

Building

Airport

Seaport

Road & Bridges

Watery Works

EPC

Power Plant

Industry

Oil & Gas

PROPERTY & REALTY

Apartment

Offices

Condotel

MANUFAKTUR PRECAST

Precast Concrete

PT APG

Construction

Division 1 -7

PMU EPC

PT APP

PT APB

Div. LRT

Construction

Division

Property TOD

Div. LRT

Engineering

Division Hotel

2

(3)

ADHI SHARES OWNERSHIP

3

Government of Indonesia

Public

51 %

49 %

51,0%

40,2%

_35,8%

8,8%

_13,2%

Dec 2014

Dec 2015

(4)

BOARD OF COMMISIONERS

M. Fadjroel

Rachman

President

Commissioner

Bobby Achirul

Awal Nazief

Commissioner

Wicipto Setiadi

Commissioner

Rildo Ananda

Anwar

Commissioner

Muchlis Rantoni

Luddin

Independent

Commissioner

Hironimus

Hilapok

Independent

Commissioner

4

(5)

BOARD OF DIRECTORS

Kiswodarmawan

President Director

Haris Gunawan

Director

BEP Adji Satmoko

Director Djoko Prabowo Director Budi Saddewa Soediro Director Pundjung Setyabrata Director 5

(6)

ADHI SHARES PERFORMANCE

1.400 1.800 2.200 2.600 3.000 3.400

Feb-15 May-15 Aug-15 Nov-15 Feb-16

ADHI IJ JCI Rebase as of 27-Feb-15

Last price as of March 2: IDR 2,590

(7)

MARKET SEGMENTATION

2010 2011 2012 2013 2014 2015 2016F PRIVATE 21,6% 16,5% 26,9% 40,0% 41,1% 32,0% 37,1% SOE 27,3% 47,8% 31,4% 20,4% 25,4% 18,9% 25,7% GOVERNMENT 51,1% 35,7% 41,7% 39,6% 33,5% 49,1% 37,2% 51,1% 35,7% 41,7% 39,6% _33,5% 49,1% 37,2% 27,3% 47,8% _31,4% 20,4% 25,4% 18,9% 25,7% 21,6% 16,5% 26,9% 40,0% _41,1% 32,0% 37,1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

(8)

TYPE OF WORK

2015

2016F

Other Infrastructure

22%

29%

Dock

2%

5%

Road & Bridge

35%

21%

Building

41%

45%

41% 45% 35% 21% 2% 5% 22% 29% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

(9)

2016 SALES TARGET

Konstruksi & EPC ;

17.663 Properti &

Hotel ;

1.682 [CATEGORY NAME];

[VALUE]

in million rupiah

(10)

CONSOLIDATED PERFORMANCE

In million IDR 6

2015A

2016F

New Contract

13.962

25.064 % Growth

51%

80%

Carry Over

7.758

12.331 Order Book

21.720

37.395 Sales (in tn)

9,4

20,0

Gross Margin

10,4%

12,3%

EBIT Margin

9,4%

8,5%

EBITDA Margin

9,7%

8,8%

EAT Margin

4,94%

3,76%

(11)

CONSTRUCTION & EPC

Construction &

EPC

2014

2015

2016F

New Contract

8.232,0

12.952,1

18,749,3

Sales

8.133,8

9.202,3

16.612,7

Gross Margin

8,1%

8,3%

10,0%

12.952.088 2.000.000 4.000.000 6.000.000 8.000.000 10.000.000 12.000.000 14.000.000 in million rupiah In billion IDR

(12)

PRECAST CONCRETE

Precast

Concrete

2014

2015

2016F

New Contract

145,27

227,99

2.350,11

Sales

164,91

149,0

606,8

Gross Margin

20,83%

21,6%

15,4%

In billion IDR

Pabrik Sadang Pabrik Mojokerto Pabrik Sadang Pabrik Mojokerto

Spun Pile 160,130 35,298 138,444 31,650 CCSP 46,200 12,128 15,925 10,491 Kolom 27,413 - 20,381 -PCI Girder - 54,313 - 1,956 Square Pile 31,680 17,280 - -FSP 56,100 - - -Pile Cap 26,469 - 5,823 -Box Culvert 17,417 - 8,170 -Total 365,409 119,019 188,743 44,097

Nama Produk Kapasitas Seluruh (Ton) Produksi Terpakai (Ton)

7 227.998 50.000 100.000 150.000 200.000 250.000 Ja n-1 5 Feb -15 M ar -15 A pr -1 5 M ei -15 Ju n-1 5 Ju l-1 5 A gu st -15 Sep -15 O kt-15 Nop -15 D es-15 in million rupiah

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LIGHT RAIL TRANSIT (LRT)

(14)

10

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PROPERTY

In billion IDR

Taman Melati

Margonda

Luas Lahan (m2)

1,740

Properti

Apartemen

Luas Gedung (m2)

20,727

Saleable Area (m2)

14,968

Total Unit

513

13 784.794 100.000 200.000 300.000 400.000 500.000 600.000 700.000 800.000 900.000 in million rupiah

Property

2014

2015

2016F

Marketing Sales

911.3

784.8 1.825,5

Pendapatan Usaha

858,8

610,6 1.488,2

Gross Margin

35,70%

29,90%

28,25%

Total Land Bank Development (sqm)

394.588 Total Land Bank Next Project (sqm)

50.861

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PROPERTY

Taman Melati

Surabaya @Merr Luas Lahan (m2) 5.756

Properti Apartemen

Luas Gedung (m2) Gross 53.562

Saleable Area (m2) Semi Gross 32.240

Total Unit 1.130 Taman Melati Jatinangor Luas Lahan (m2) 4.645 Properti Apartemen Luas Gedung (m2) Gross 19.459 Saleable Area (m2) Semi Gross 17.849 Total Unit 758 Taman Melati Yogyakarta @Sinduadi Luas Lahan (m2) 5.239 Properti Apartemen

Luas Gedung (m2) Gross 23.715 Saleable Area (m2) Semi Gross 25.287

Total Unit 897

Development

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PROPERTY

Grand Dhika City Bekasi (Cempaka

Tower)

Luas Lahan (m2) 9.000

Properti Apartemen _{Mixed Use} Luas Gedung (m2) Gross 32.293 Saleable Area (m2) Semi Gross 27.152 Total Unit 898 Luas Lahan (m2) 5.000

Properti Apartemen _{Mixed Use}

Luas Gedung (m2) Gross 41.802

Saleable Area (m2) Semi Gross 27.828

Total Unit 793

Grand Dhika City @Jatiwarna (Emerald Tower)

Development

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PROPERTY

The Taman Dhika Cinere The Taman Dhika

Ciracas

The Taman Dhika Sidoarjo Kota

Development

Luas Lahan (m2) 13.000 Properti Hunian Total Unit 28 Luas Lahan (m2) 8.400 Properti Hunian

Total Unit 35 _{Luas Lahan (m2)} _270,920

Properti Hunian Total Unit 1,218

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PROPERTY

Cimone Mall Mandau City Mall Grand Dhika Commercial Estate Luas Lahan (m2) 14.888 Properti Commercial Luas Gedung (m2) 49.379 Saleable Area (m2) 22.834 Luas Lahan (m2) 16.000 Properti Commercial Luas Gedung (m2) 9.606 Saleable Area (m2) 8.858 Luas Lahan (m2) 23.565 Properti Commercial Luas Gedung (m2) 37.337 Saleable Area (m2) 25.161

Development

17

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PROPERTY

Perkantoran Taman Melati

Margonda 18 Office Park

Luas Lahan (m2) 4.035 Properti Office Saleable Area (m2) 3.600 Luas Lahan (m2) 12.400 Properti Office Saleable Area (m2) 7.200

Development

18

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PROPERTY

Taman Melati Yogyakarta

@Sardjito

Next Project

Grand Dhika Mansion @Pejaten Tahap I dan II

Luas Lahan (m2) 22,042 Properti Hunian Total Unit 400 Luas Lahan (m2) 4.941 Properti Apartemen Luas Gedung (m2) 34.430 Saleable Area (m2) 21.715 Total Unit 721 19

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PROPERTY

Taman Melati Malang @Dinoyo

Luas Lahan (m2) 4.841 Properti Apartemen Luas Gedung (m2) Gross 29.833 Saleable Area (m2) Semi Gross 28.480

Total Unit 971

Mardhika Park

Luas Lahan (m2) 15,500 Properti Apartemen Luas Gedung (m2) Gross 58.447 Saleable Area (m2) Semi Gross 49.680

Total Unit 2,160

Next Project

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PROPERTY

Next Project

Taman Melati Margonda 3 Luas Lahan (m2) 3.537 Properti Apartemen Luas Gedung (m2) Gross 32.516 Saleable Area (m2) Semi Gross 22.920

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HOTEL

Hotel Grandhika Blok M Hotel Grandhika Semarang Hotel Grandhika Medan Luas Lahan (m2) 2.700 Properti Hotel Luas Gedung (m2) 21.883 Guest Room Unit 241

Luas Lahan (m2) 3.618 Properti Hotel Luas Gedung (m2) 10.231 Guest Room Unit 123

Luas Lahan (m2) 2.346 Properti Hotel Luas Gedung (m2) 12.597 Guest Room Unit 161

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734 956 1.193 998 975 2.447 500 1.000 1.500 2.000 2.500 3.000

2011A 2012A 2013A 2014A 2015A 2016F

182 212 408 329 464 750 100 200 300 400 500 600 700 800

2011A 2012A 2013A 2014A 2015A 2016F

6.695 7.628 9.800 8.654 9.390 19.951 5.000 10.000 15.000 20.000 25.000

2011A 2012A 2013A 2014A 2015A 2016F

FINANCIAL HIGHLIGHT

Revenue (Rp billion) Gross Profit (Rp billion)

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FINANCIAL HIGHLIGHT

Total Asset (Rp billion) Total Liability (Rp billion)

Total Equity (Rp billion)

6.113 7.872 9.721 10.549 16.378 24.903 5.000 10.000 15.000 20.000 25.000 30.000 2011 2012 2013 2014 2015 2016F 5.123 6.795 8.261 8.818 11.562 19.192 5.000 10.000 15.000 20.000 25.000 2011 2012 2013 2014 2015 2016F 990 1.077 1.460 1.641 5.176 5.711 1.000 2.000 3.000 4.000 5.000 6.000 2011 2012 2013 2014 2015 2016F

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FINANCIALRATIO

Gearing Ratio (X) 0,1 (0,0) (0,2) 0,9 (0,2) (0,4) (0,6) (0,4) (0,2) 0,2 0,4 0,6 0,8 1,0

2011A 2012A 2013A 2014A 2015A 2016F

Net Gearing Ratio (X)

0,7 0,9 1,2 1,4 0,6 0,5 0,2 0,4 0,6 0,8 1,0 1,2 1,4 1,6

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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.