2015Q2 Analysts Meeting

PT Bank Mandiri (Persero) Tbk

1H 2015

Results Presentation

Share Information

∆ fro : IPO Dec 31, 2014

BMRI 1,413.55% -6.73%

JCI 835.92% -6.05%

No. of Investor % No. of shares %

I DOMESTIC

1. Government of RI 1 0.01% 14,000,000,000 60.00% 2. Retail 14,914 78.66% 198,953,695 0.85% 3. Employees 1,856 9.79% 23,552,818 0.10% 4. Cooperatives 7 0.04% 1,132,756 0.00% 5. Foundation 29 0.15% 17,930,345 0.08% 6. Pension Funds 185 0.98% 176,537,174 0.76% 7. Insurance 72 0.38% 431,817,236 1.85% 8. Banks - 0.00% - 0.00% 9. Corporations 132 0.70% 453,804,758 1.94% 10. Mutual Funds 210 1.11% 708,989,555 3.04%

Total 17,406 91.81% 16,012,718,337 68.63% II INTERNATIONAL

1. Retail 90 0.47% 1,677,449 0.01% 2. Institutional 1,463 7.72% 7,318,937,547 31.37%

Total 1,553 8.19% 7,320,614,996 31.37% III TOTAL

No. Description

Per 30 June 2015

18,959

100.00% 23,333,333,333 100.00%

-200% 0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% 1800%

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2

Table of Contents

Results Overview Page #



I do esia s E o o i Co ditio 3



1H 2015 Highlights 4



Key Indicators + Financial Highlights 5 –6



SBU Performance Highlights 7



Ba k s Pe fo a e 8 –11



Loan Performance 12 –14



ROE & NIM 15 –16



Fee-Based & CIR 17 –18



Wholesale Business 19 –21



Retail Business 22 –28



NPL Movement 29 –32



Subsidiaries 33 –35



Targets & Initiatives 36

Additional Information

Operating Performance Highlights

Core inflation remains stable and

headline inflation expected to drop

Inflation And Current Account Deficit Appear Manageable

The Current Account Deficit is

improving through 1H15

3

GDP expansion remains below the

historical average and under pressure

0 2 4 6 8 10 12 14 16 18 20

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Headline inflation (% YoY) Core inflation (% YoY) BI rate (%)

(10) (5) -5 10 15

(15) (10) (5)

-5 10 15 20

1

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2

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3

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4

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1

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1

5

Capital and Financial Account Current Account (CA)

BoP

4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9

1

Q

0

6

1

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7

1

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1

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9

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4.71

7.50

7.26

5.04

Cash Management

•

14,397 Customers

•

29.9 Mn Tx YTD

2015

(2)

4

Bank Mandiri Remains on T

a k to e o e I do esia s Most

Admired Financial Institution

Retail Loans

(1)

•

Rp 165.3 Tn

•

33.3% of Loans

•

High yield loan

amounting Rp 107.4 Tn

Subsidiary Income

•

Total Rp 1.04 Tn

•

Sum of income from

9 subsidiaries

(10.5 % of EAT)

Alliances

•

Bank Guarantee: Rp 9.6 Tn

•

Foreign Exchange: Rp 11.6 Tn

•

Fund Under Management

(FUM): Rp 3.8 Tn

e-Channel Tx

•

1,062.3 Mn YTD

•

25.3% YoY Growth

# of Cards Issued

•

Credit 3.82 Mn

•

Debit 12.58 Mn

•

Prepaid 5.77 Mn

(1) Small Business, Micro and Consumers

(2) Excluding Mandiri Transaction System

(3) Incl. KSM Centre, MMU Cash outlet and MobilMU

# of Accounts

•

Deposit 16.48 Mn

•

Loan 1.58 Mn

including mortgage

accounts of 165,176

# of new Accounts (YTD)

•

Deposit 2.14 Mn

•

Loan 342,035

# of Outlets

2,327 Branches

2,831 Micro Outlets

(3)

5

K

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In

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ic

a

to

rs

R

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n

S

tab

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22.10% 24.40% 22.00% 22.55% 22.23% 20.95% 18.53%

2009 2010 2011 2012 2013 2014 1H 2015

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(%

)

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(

%

)

186,492 201,958 256,395 316,127 359,957 380,512 403,947

2009 2010 2011 2012 2013 2014 1H 2015

2.79% 2.42% 2.21% 1.87% 1.90% 2.15% 2.43%

2009 2010 2011 2012 2013 2014 1H 2015

7,155 9,218 12,246 15,504 18,204 19,872 9,924

2009 2010 2011 2012 2013 2014 1H 2015

E

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A

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(R

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)

198,547 246,201 314,381 388,830 472,435 529,973 552,778

2009 2010 2011 2012 2013 2014 1H 2015

To

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(R

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Mar

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(

%

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5.04% 5.28% 5.11% 5.46% 5.74% 5.97% 5.76%

6

Key Financial Highlights

Ba k Ma di i s

1H 2015 performance across several key indicators:

H

H



%

Loans

Rp 485.8 Tn

Rp 552.8 Tn

13.8%

Gross NPL Ratio

Net NPL Ratio

2.23%

0.81%

2.43%

1.01%

8.9%

24.2%

Low Cost Funds Ratio

[Low Cost Funds (Rp)]

62.2%

Rp 345.6 Tn

61.7%

Rp 403.9 Tn

(0.8%)

16.9%

NIM*

5.91%

5.76%

(2.4%)

Efficiency Ratio

43.6%

44.8%

2.7%

Earnings After Tax

Rp 9,585 Bn

Rp 9,924 Bn

3.5%

Balanced Earnings from All Business Units

734

1,325

1,713

965

2,021

146

592

127 1,797

1,262

Treasury and Markets

Corporate Banking

Commercial Banking

Consumer Banking

Micro and Business

Banking

Asset Spread Liability Spread

Net Interest Income Analysis 2Q 2015

3,283

1,840

(Rp Bn)

Net Interest Income

Fee Based Income 2Q 2015

(Rp Bn)

543

1,865 262

378 813

Micro and Business Banking Consumer Banking Commercial Banking Corporate Banking Treasury and

Markets

Notes : Due to reorganization of Bank Mandiri, we cannot provide the historical data from the previous years

880

1,917

9 7 .1 1 0 2 .9 1 0 8 .8 1 2 1 .9 1 1 9 .8 1 2 6 .5 1 3 5 .4 1 5 1 .8 1 5 0 .4 1 5 9 .9 1 6 6 .2 1 8 6 .9 1 7 9 .9 1 8 9 .8 1 9 8 .8 2 1 4 .7 2 0 1 .9 2 0 3 .0 2 0 8 .0 2 2 7 .7 2 0 7 .3 2 1 1 .0

9.9 10.811.6

11.612.312.712.2 12.013.413.614.0 15.315.816.819.0 20.7 22.123.222.3 24.7 23.325.4 4 7 .8 5 0 .3 3 9 .9 4 6

.2 45.3

4 7 .9 4 9 .4 6 7 .3 7 5 .0 5 9 .0 6 3 .0 7 7

.9 61

.2 7 4 .6 6 3 .9 7 3

.4 67

.2 7 4 .2 7 9 .6 7 8

.9 8₃

.4 9 1 .7 22.023.122.9 22.225.422.324.0 25.328.228.028.5 36.1 33.3 38.549.2 51.1 43.545.0 52.0 49.1 58.1 75.8 1 2 4 .4 1 2 7 .8 1 2 7 .0 1 4 7 .8 1 4 3 .5 1 4 0 .8 1 4 0 .0 1 4 8 .1 1 2 0 .8 1 3 7 .5 1 3 8 .9 1 5 0

.7 1₅

2 .8 1 5 3 .7 1 5 5 .2 1 7 6

.2 1₇

6 .9 1 9 0 .0 2 0 1 .6 2 2 2 .3 2 2 6 .2 2 2 0 .5 11.811.711.1 12.510.312.415.3 17.8 15.620.3 20.4 16.1 24.0 29.028.2 20.1 20.0 20.5 27.5 33.730.5 30.5 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480 500 520 540 560 580 600 620 640 660 680 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

FX Time Rp Time FX Demand Rp Demand FX Savings Rp Savings

7 4 .5 8 0 .7 8 4 .2 8 5 .4 8 5 .1 9 6 .2 1 0 3 .2 1 0 6 .2 1 1 3 .0 1 1 9 .2 1 2 3 .2 1 2 6 .3 1 2 4 .7 1 4 6 .9 1 5 5 .2 1 6 3 .7 1 6 0 .8 1 6 1 .3 1 7 1 .9 1 7 3 .3 1 7 0 .7 1 7 6 .8

0.2 0.41.3 1.4 1.6

1.5 1.71.4 1.3

1.5 1.6 1.8 1.6

1.51.72.0 2.3 1.3

1.3 1.3 0.8 1.0

4 9 .1 5 3 .1 5 7 .5 6 3 .8 6 4 .7 7 0 .1 7 4 .7 8 0 .7 8 2 .5 8 9 .8 9 3 .3 1 0 2 .7 1 0 2 .0 1 0 4 .2 1 1 1 .0 1 1 6 .9 1 1 6 .3 1 2 3 .7 1 2 7 .7 1 3 8 .9 1 4 5 .1 1 4 8 .9 24.726.7 28.630.732.4 34.336.3 39.040.7 43.344.5 47.749.3 52.4 55.2 56.6 57.4 60.3 62.4 64.765.767.7 17.719.3

20.522.7 23.3 25.8 27.630.2 30.9 33.135.0 38.4 38.4 42.5 43.7 46.5 46.3 49.0 52.0 57.2 55.3 57.9 5.6 6.0

6.5 7.3 7.7 8.5 9.511.8 13.1 15.116.8 19.0 20.7 23.9 24.927.0 28.231.0 32.736.0 37.2 39.7 9.7 9.1 8.6 7.8 6.7 6.1 6.14.6 4.8 4.8 4.9 4.0 3.9 3.9 4.2

4.2 3.9 3.9 3.8 3.7 3.8 3.8 20.4 22.724.6 27.230.3 34.2 38.4 40.540.9 43.646.0 48.9 50.9 53.5 54.9 55.555.355.5 54.6 54.7 54.357.0 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480 500 520 540 560 580 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5 Subsidiaries Recovery Micro Small Cons Comm Int'l Corp

Maintaining Momentum for Growth

Y-o-Y  48.5% 16.0% 68.5% 23.5% 3.9% Y-o-Y  (3.3%) 18.1%

Loans by SBU + Subsidiaries

(Rp Tn)

20.4%

9.6%

Deposits by Product –

Consolidated

(Rp Tn)

*Loans from Treasury & International have been reallocated to Corporate following the reorganization in early 2010

(27.2%)* 9.8% 13.8% 552.8 Tn Total Total 531.6 Tn

654.9 Tn 17.8%

2.8%

8

485.8 Tn

9

3 Key Areas of Focus for 2020

1) Fee-Based Provision, Commission & Fee

Deepen Client

Relationship

Accelerate Growth

Segment

Wholesale Strategy

Group-wide Strategy

Retail Strategy

Integrate The Group

Integrated Wholesale Transaction Bank

Holistic Product Suite

Sector-Led Solutions

Through Expertise-led Client Solutions

Cross-Border Coverage Supporting Clients’ Regional Needs

Current Achievments ( 1H 2015)

 Total Wholesales Fees Rp 1.2 Tn1)

 Total Wholesale Low Cost Deposits

Rp 115.3 Tn.

 Growth of Tx Cash Management 58.0%2).

 Wholesale Product Holding : 8.75

Culture of Cross-Selling across Wholesale, Retail and Subsidiaries

Engaging in Integrated Retail Initiatives with Subsidiaries and Business Units to

Drive Cross-Selling

Current Achievments (1H 2015)

Micro

Easy Access & Simple Products

SME

One-Stop Sales & Service

Individual

Growing with our Customers

Current Achievements (1H 2015)

 Total Retail Fees of Rp 3.4 Tn 1)

 Total Retail Low-Cost Funds Rp 260 Tn

 YoY increase in E-Channel transaction : 25.3%

 Mandiri Business Savingreaches Rp 89.0 Tn

V

V

V

V

V

 Volume of Business Alliances :

Bank Guarantee : Rp 8.8 Tn.

Foreign Exchange : Rp 11.6 Tn.

FUM : Rp 3.8 Tn

 Income Alliance Wholesale = 42 .1%

 Auto & 2 W Loan : 383.7 Bn

Strong and Liquid Balance Sheet

10

Assets

1H 2015

1H 2014

Liabilities

1H 2015

1H 2014

Cash

19,524

16,347 Current Account

167,517

119,470

Current Acc w/ BI & Other Banks

64,737

57,174 Savings

236,430

226,153

Placement w/ BI & Other Banks

61,161

49,111 Time Deposits

250,911

210,297

Advances (Other)

44,031

24,422

Marketable Securities

47,370

34,315

Total Deposits

654,858

555,920

Government Bonds

100,101

88,969

Loans (Gross)

552,778

485,844 Securities Issued

1,806

2,015

Provisions of Loans

(18,507)

(17,459) Deposits from other banks

36,650

34,376

Net Loans

534,271

468,385 Borrowings

22,043

15,951

Reverse Repo

14,428

2,716 Other Int. Bearing Liabilities

30,340

11,702

Other Provisions

(2,472)

(2,028) Non Int. Bearing Liabilities

59,117

51,012

Deferred Tax Assets

3,801

3,381 Equity incl. Minority Interest

109,262

93,960

Other Assets

27,123

22,146

Strong Revenue Growth

Summary P&L (Rp Bn) 2Q 2015 1Q 2015 2Q 2014 1H 2015 1H 2014 Y-o-Y Q-o-Q

Interest Income 17,454 17,117 14,978 34,571 29,291 16.5% 2.0%

Interest Expense _{6,518 6,853 5,603 13,371 10,667 16.3% -4.89%}

Net Interest Income _{10,936 10,264 9,375 21,200 18,624 16.7% 6.5%}

Net Premium Income _{875 681 675 1,556 1,260 29.5% 28.5%}

Net Interest Income & Premium Income 11,811 10,945 10,050 22,755 19,884 17.5% 7.9%

Other Non Interest Income

* Other Fees and Commissions 2,677 2,349 2,212 5,026 4,342 21.0% 14.0%

* Foreign Exchange Gains - Net 473 388 380 861 784 24.6% 22.0%

* Gain fr. sale & Incr. in Val & Sale of Bonds _{(17) 230 41 213 199 N/A N/A}

* Others _{1,018 911 1,112 1,929 1,947 -8.4% 11.8%}

Total Non Interest Income 4,152 3,877 3,745 8,029 7,273 10.9% 7.1%

Total Operating Income _{15,963 14,822 13,795 30,785 27,157 15.7% 7.7%}

Provisions, Net _{(2,446) (1,549) (1,624) (3,996) (2,841) 50.6% 57.9%}

Personnel Expenses (3,109) (2,920) (2,662) (6,029) (5,289) 16.8% 6.5%

G&A Expenses _{(3,173) (2,574) (2,693) (5,747) (5,002) 17.8% 23.3%}

Loss from decr. in value of Sec & Gov Bonds _{- - - - - -}

-Other Expenses _{(941) (987) (727) (1,928) (1,472) 29.4% -4.7%}

Total Expense (7,223) (6,481) (6,083) (13,705) (11,763) 18.8% 11.4%

Profit from Operations _{6,293 6,791 6,089 13,084 12,552 3.4% -7.3%}

Non Operating Income (0) 2 10 2 5 N/A N/A

Net Income Before Tax 6,293 6,794 6,098 13,086 12,557 3.2% -7.4%

LDR Decreased to 84.1%, Bank-Only Loan Growth of 15.2%

7 8 .8 7 9 .7 8 2 .0 8 2 .7 8 2 .9 8 8 .7 9 2 .8 9 3 .6 9 2 .5 1 0 3 .1 1 1 0 .4 1 1 1 .7 1 1 8 .6 1 2 5 .2 1 2 9 .3 1 3 1 .7 1 2 9 .9 1 5 1 .9 1 5 3 .5 1 6 9 .7 1 6 6 .7 1 6 6 .3 1 7 6 .8 1 7 8 .2 1 7 5 .1 1 8 1 .4 4 2 .6 4 3 .6 4 5 .3 5 0 .6 5 0

.4 ₅4.2 58

.6 6 4 .7 6 4

.5 70

.7 ₇5.3 ₈1.1 82 .9 ₉0.1 93

.6 1 0 3 .0 1 0 2

.3 10

4 .4 1 1 8 .2 1 1 7 .1 1 1 6 .5 1 2 3 .9 1 2 7 .9 1 3 9 .1 1 4 5 .2 1 4 9 .1

14.415.816.617.418.0 19.720.7 22.824.5 25.927.7 30.330.9 33.235.138.5 38.542.5 44.1 46.5 46.349.0

52.057.355.3 57.9

4.64.85.1 5.4 5.66.0

6.57.3 7.7 8.59.5 11.813.1 15.116.8 19.020.7 23.9 24.9 27.0 28.231.0 32.7 36.0 37.2 39.7 19.720.621.7 23.624.826.7 28.630.732.4 34.3 36.339.0 40.7 43.344.5 47.749.3 52.4 55.2 56.6 57.4 60.3 62.4 64.765.7 67.7 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

Corporate Commercial Small Micro Consumer

Quarterly Loan Segment Details

(Bank Only)

Y-o-Y  12.4% 28.2% 18.1% 20.3% 9.1% 15.2% Total 13.7% 8.0% 11.7% 30.1% 36.6% Break down

As of June 2015; Non-consolidated numbers

12

1 7 5 .2 1 8 1 .6 1 8 8 .3 1 9 8 .5 2 0 1 .9 2 1 8 .0 2 3 1 .9 2 4 6 .2 2 5 1 .8 2 7 6 .7 2 9 7 .5 3 1 4 .4 3 2 7 .2 3 5 0 .4 3 6 5 .2 3 8 8 .8 3 9 1 .6 4 2 8 .7 4 5 0 .8 4 7 2 .4 4 7 0 .4 4 8 5 .8 5 0 6 .5 5 3 0 .0 5 3 2 .8 5 5 2 .8 63.2% 62.2% 62.8% 61.4% 64.1% 66.3% 71.7% 67.6% 70.2% 75.9% 78.7% 74.1% 80.7% 83.4% 84.4% 83.5% 85.0% 87.3%84.5% 88.0% 87.0% 82.9% 84.4% 84.1% 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

Loans (Rp Tn) LDR (%)

1.4%3.7%3.7%

5.5% 1.7%7.9%6.4% 6.2% 2.3% 9.9% 7.5% 5.7% 4.1%7.1% 4.2% 6.5% 0.7% 9.5% 5.1% 4.8% -0.4% 3.3% 4.2% 4.6% 0.5% 3.7% 30.5% 21.4% 15.7% 13.8% 15.3% 20.0% 23.2% 24.0% 24.7% 26.9% 28.3% 27.7% 30.0% 26.6% 22.8% 23.7% 19.7% 22.3% 23.4% 21.5% 13.3% 12.4% 12.2% 13.3% 13.8% 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

QoQ Growth (%) YoY Growth (%)

Quarterly Loan Data

3 4 .5 6 3 5 .2 4 3 7 .8 3 3 6 .4 9 3 5 .6 4 3 1 .1 5 2 9 .1 9 2 9 .7 5 3 0 .6 2 3 3 .9 6 3 5 .6 8 3 8 .8 6 3 8 .6 0 4 1 .8 7 4 4 .4 4 4 0 .3 5 4 1 .8 8 4 5 .4 7 4 5 .7 3 4 9 .6 2 4 8 .1 7 5 3 .2 9 5 9 .7 9 6 7 .7 5 6 2 .2 2 6 2 .9 5 7 2 .2 4 7 5 .3 8 7 3 .5 2 7 6 .9 0 104.5% 95.9% 111.0% 80.5% 78.3% 68.5% 61.9% 68.2% 71.7% 76.3% 80.7% 86.6% 82.9% 91.5% 89.0% 75.8% 76.0% 76.2% 75.4% 76.4% 68.0% 65.1% 64.3% 69.0% 72.0% 71.3% 74.2% 73.2% 66.8% 61.1% 50% 60% 70% 80% 90% 100% 110% 120% M ar 0 8 Ju n e 0 8 Se p 0 8 D e c 0 8 M ar 0 9 Ju n e 0 9 S e p 0 9 D e c 0 9 M ar 1 0 Ju n e 1 0 S e p 1 0 D e c 1 0 M ar 1 1 Ju n e 1 1 S e p 1 1 D e c 1 1 M ar 1 2 Ju n 1 2 S e p 1 2 D e c 1 2 M ar 1 3 Ju n 1 3 S e p 1 3 D e c 1 3 M ar 1 4 Ju n e 1 4 S e p 1 4 D e c 1 4 M ar 1 5 Ju n 1 5 20 30 40 50 60 70 80

Loan Fx

LDR FX

Prudent Management of FX Balance Sheet

USD Bn

Rp Tn

Breakdown of FX lending (Bank-Only)

2

Q

15 (Total USD 5.768 Bn)

0.01 0.07 0.11 0.34 0.38 0.42 0.55 0.66 0.72 1.06 1.46

Soc Serv

Utilities

Constr

Agri

Trans

Trading

Bus Serv

Oth

Mining

Oil & Gas

Mfg



% (YoY)

0% 7% 6% 91% 159% -37% 34% -6% 2% -68% 66%

14

Rp 79.98 Tn in Loans Disbursed in 2Q 2015

478.52

79.98

27.08

26.22 _9.21

1.52

1.75

495.77

1Q'15 Disburs. Install. Payment Pay-off FX

Impact

Write-Offs

2Q '15

Loan Movement

–

2Q 2015 Bank-Only

Rp Tn

Loan Disbursement by Segment

–

2Q 2015 Bank-Only

Rp Tn

40.79

18.46

8.18

7.61

4.94

79.98

308 1,168 1,549 1,744

519 510 1,027 1,390 1,400 2,003

2,681 3,403 4,303

4,925 5,138 1,300

602 690 1,329

97 305

1,113 1,221 1,526 2,031 2,543 3,744 3,991 4,660 4,786 967 1,017 1,528 1,408

610 372

1,040 1,345 1,693 2,352 2,850 3,972 4,509 4,869 645 799 819 775 -623 1,234 1,166 1,390 2,536 2,833 3,073 4,385 5,401 5,418 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 Q4 PAT Q3 PAT Q2 PAT Q1 PAT Rp Bn

18.5% ROE, Supported by a Strong Capital Position

Bank Only - Capital & RWA Movement

Profit After Tax & ROE

21.5% 26.2% 23.6% 22.8% 2.5% 10.0% 15.8% 18.1% 22.1% 24.2% 22.0% 22.6% 22.2% 21.0% 18.5%

RoE - AT

• CAR inclusive of Credit and Market Risk started in December 2004

• CAR inclusive of Credit, Market and Operational Risk started in January 2010

• CAR under BASEL III in December 2014 was 17.39% *1.1Tn from GIAA Recovery

1,099* 4 2 .6 5 8 .1 7 2 .5 ₉ 1 .9 1 0 8 .9 1 1 5 .9 1 1 2 .2 1 3 4 .0 1 7 2 .9 1 9 5 .8 2 4 2 .4 3 5 2 .5 4 0 0 .2 4 9 1 .3 5 1 4 .9 5 6 6 .4 1 3 .3 1 5 .4 1 7 .0 2 5 .5 2 7 .5 2 7 .4 2 8 .4 2 8 .3 2 7 .2 3 0 .5 3 5 .7 5 3 .3 6 2 .0 7 3 .9 8 5 .7 9 9 .9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5

RWA (Rp Tn) Total Capital (Rp Tn)

16

Q2 NIM of 5.8% as Yield on Assets Increased 11bps

4 .3 % 3 .6 % 4 .9 % 4 .7 % 5 .4 % 5 .3 % 5 .1 % 5 .2 % 6 .0 % 5 .8 % 5 .1 % 5 .4 % 5 .2 % 5 .4 % 5 .2 % 5 .5 % 5 .8 % 5 .7 % 5 .5 % 5 .3 % 5 .7 % 6 .1 % 5 .9 % 5 .9 % 5 .8 % 5 .9 % 5 .4 % 5 .8 % 4 Q '0 4 4 Q '0 5 4 Q '0 6 4 Q '0 7 4 Q '0 8 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 * 1 Q '1 5 2 Q '1 5 NIM 8.9% 10.7% 11.0% 9.0% 10.5% 9.4% 8.9% 9.1% 9.8% 9.6% 8.7% 9.0% 8.7% 8.7% 8.2% 8.1% 8.4% 8.2% 8.1% 7.8% 8.3% 9.0% 9.1% 9.2% 9.6% 9.6% 9.1% 9.2% 4.8% 7.3% 6.4% 4.5% 5.3% 4.3% 4.0% 4.0% 3.9% 3.8% 3.8% 3.8% 3.7% 3.4% 3.2% 2.8% 2.7% 2.7% 2.8% 2.6% 2.8% 3.1% 3.5% 3.9% 3.8% 3.9% 3.6%

Yield on Assets Cost of Funds

6.75% 6.41% 5.15% 5.23% 4.95% 7.24% 5.13% 4.90% 4.69% 5.33% 4.80% 5.4% 5.04% 4.90% 4.84% 4.50% 4.53% 5.13% 4.40% 4.51% 4.47% 6.61% 4.22% 4.33% 3.03% 1.47% 0.83% 0.71% 0.75% 0.70%

0.48%0.30%0.51% 0.63% 0.60% 0.6% 0.72% 0.73% 0.74% 0.59% 0.64% 0.67% 0.81% 0.73% 0.74% 0.87%1.06% 0.79% 0% 5% 4 Q '0 8 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5 13.16% 12.19% 13.09% 12.70% 12.50% 11.75% 12.05% 11.89% 12.49% 11.4% 11.6% 11.8%11.3% 11.2% 10.8% 11.1% 11.8% 11.8% 12.0% 12.4% 12.2% 12.1% 12.2% 10.26% 6.73% 6.84% 6.24% 7.32%

6.55%6.46%5.94% 4.85%

3.9% 4.0%

3.39%3.85%

4.71%5.28%5.85%5.7% 6.0%

6.4%6.4% 5.8%

4.7% 4.4%4.3%4.2%4.1%4.3%

4.2% 3.9%

3.7% 3.0% 3.1%3.0% 3.7%

3.9%4.6%4.4%4.5%4.3%

0% 5% 10% 15% 20%

Avg Loan Yield Avg Bond Yield Avg COF

Greater Detail On Fee-Based Income

Non-Loan Related Fees & Commissions

2Q-2015

1Q-2015

2Q-2014

Y-o-Y

Q-o-Q

Δ

%

Δ

%

Administration Fees

799

644

657

21.6%

24.1%

Opening L/C, BG & Cap Market (custodian & trustee)

278

253

218

27.2%

9.8%

Subsidiaries

371

376

376

(1.2%)

(1.2%)

Transfer, Retail Transaction

471

443

381

23.4%

6.3%

Credit Cards

401

379

352

13.9%

5.7%

Mutual Fund, ORI & Bancassurance

101

93

88

15.1%

8.5%

Syndications

93

7

28

n.a

n.a

Payroll Package

19

17

18

3.9%

8.0%

Others

163

137

95

71.5%

44.1%

Total

2,694

2,349

2,212

21.8%

6.3%

Foreign Exchange Gains

473

388

380

24.6%

22.0%

Gains Fr Sale & Incr. in Value of Sec. & Gov. Bonds

(17)

230

41

n.a

n.a

Cash Recoveries

614

535

761

(19.3%)

14.8%

Total Fee Based Income (As Reported)

4,152

3,877

3,745

10.9%

7.1%

Total Operating Income

15,963

14,822

13,795

15.7%

7.7%

18

8 2 7 1 ,0 0 4 1 ,1 1 0 1 ,3 8 4 1 ,0 5 1 1 ,2 6 5 1 ,4 5 9 1 ,6 8 2 1 ,5 2 4 1 ,5 1 0 1 ,8 8 3 2 ,1 0 7 1 ,6 1 4 2 ,0 0 4 2 ,0 7 1 2 ,5 6 5 2 ,0 3 4 2 ,3 2 2 2 ,3 7 5 3 ,1 6 7 2 ,3 0 9 2 ,6 9 3 2 ,9 5 8 3 ,4 8 8 2 ,5 7 4 3 ,1 7 3 1 ,1 1 6 1 ,3 9 0 1 ,0 1 9 1 ,3 2

8 1,3

0 6 1 ,3 7 5 1 ,4 8 5 1 ,6 1 2 1 ,5 4 7 1 ,6 3 1 1 ,6 7 1 1 ,9 0 3 1 ,8 6 5 1 ,9 3 9 1 ,8 6 9 2 ,3 7 2 2 ,0 4 2 2 ,3 3 6 2 ,6 7 9 2 ,3 7 4 2 ,6 2 6 2 ,6 6 2 2 ,7 5 2 2 ,8 0 7 2 ,9 2 0 3 ,1 0 9 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

G&A Expenses Personnel Expenses

2Q Cost to Income Ratio of 45.20 %

Breakdown of 2Q 2015 Operating Expenses

Quarterly Consolidated Operating Expenses & CIR

Q2 2015 Q1 2015 Q2 2014 Growth (%) QoQ YoY

Personnel Expenses

Base Salary 796 759 682 4.8% 16.7% Other Allowances _{1,485 1,403 1,304 5.8% 13.8%} Post Empl. Benefits _{93 92 62 1.2% 50.2%}

Training _{65 34 66 90.6% -1.3%}

Subsidiaries _{671 632 549 6.3% 22.4%}

Total Personnel Expenses _{3,109 2,920 2,662 6.5% 16.8%}

G&A Expenses

IT & telecoms _{451 392 365 15.1% 23.8%} Occupancy Related 657 567 576 15.8% 14.0% Promo & Sponsor _{258 165 215 56.7% 20.1%} Transport & Travel _{171 122 166 39.7% 2.8%} Goods, Prof. Svcs. & Oth. _{344 280 350 23.0% (1.6%)} Employee Related _{537 448 476 19.7% 12.8%} Subsidiaries _{755 599 545 25.9% 38.4%}

Total G&A Expenses _{3,173 2,574 2,693 23.3% 17.8%}

Other Expenses 941 987 727 (4.7%) 29.4%

Total Operating Expenses _{7,223 6,481 6,083 11.4% 18.8%}

(Rp Bn) (Rp Bn)

Breakdown of Net Expansions in Corporate Lending

2Q 15

–

2

Q

14 (Total Rp15.12 Tn)

Rp Bn

-4,709

645 729 1,086 1,135

1,158 1,180 2,257 5,749 5,889

Others Mfg-Metal Mfg-NonM Plantations Mining-Oil & Gas Constr Mfg-RawM Mining-Metal Ore Bus Serv Mfg-F&B

%

38.95%

38.03%

14.93%

7.81%

7.66%

7.51%

7.19%

4.82%

4.27%

-31.15% Rp Bn

Breakdown of Net Expansions in Commercial Lending

2Q 15

–

2Q 14 (Total Rp25.20 Tn)

865 1,110 1,115 1,457 1,530 1,572 1,668 2,273 2,347 3,562 3,642 4,058

Mfg-F&B Mining-Coal Trad-Imp Mining-Oil & Gas Constr Others Mfg-Oth Mfg-Chem Mfg-RawM Plantations Bus Serv Trad-Distr

%

16.10%

14.45% 14.14%

9.31%

9.02%

6.62%

6.24% 6.07% 5.78%

4.43%

4.41%

3.43%

W

h

o

le

sal

e

T

ran

sac

ti

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s

D

ri

vi

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g

C

A

SA

2

0

W

h

o

le

sal

e

C

A

SA

D

e

p

o

si

ts

58,055 62,257 61,691 53,604 74,116 89,959 74,334 73,192 92,594 115,296

-20,000

40,000

60,000

80,000

100

,000

120

,000

2007 2008 2009 2010 2011 2012 2013 2014 1Q15 2Q15

To

tal

C

A

SA

(

Rp

B

n

) 2

4

.5

%

Y

o

Y

G

ro

w

th

745 2,414 4,066 6,153 7,784 10,943 11,899 12,932 13,437 13,873 14,105 14,397

2006 2007 2008 2009 2010 2011 2012 2013 2Q14 2014 1Q15 2Q15

C

a

sh

Ma

n

a

g

e

m

e

n

t

U

se

rs

248 677 1,178 2,201 2,657 3,598 3,989 4,484 4,832 5,123

4Q10 4Q11 4Q12 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

A

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#

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Growing Volume in Wholesale Transaction Business

Forex

3

4 ₄2 ₆3 ₆1 ₅6 ₃0 ₁9

281,153310,512

322,795 399,500 379,730

165,673

233,171

-50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

-10.0 20.0 30.0 40.0 50.0 60.0 70.0

Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Jun 14 Jun 15 Value (USD Bn) # of Trx

Wholesale Remittance

7

0

9

4

1

2

1

1

3

5

1

4

6

7

2

6

8

435,866

448,219

599,909 651,241

739,046

366,258

417,741

-100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000

-20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0

Dec 10 Dec 11 Dec 12 Dec 13 Dec-14 Jun 14 Jun 15 Value (USD Mn) # of Trx

Mandiri Cash Management*

5

4

9

8

1

8

1

,5

1

9

2

,2

3

1

3

,1

2

0

1

,3

8

1

1

,8

2

6

2,503

7,668 13,676 24,543

44,184

18,764

29,647

(25,000) (15,000) (5,000) 5,000 15,000 25,000 35,000 45,000

(300.0) 200.0 700.0 1,200.0 1,700.0 2,200.0 2,700.0 3,200.0

Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Jun 14* Jun 15* Value (Rp Tn) # of Trx (000)

Trade Transactions : Export, Import, Domestic

*) _{Excluding Mandiri Transaction System}

8

5

1

1

0

1

2

5

1

3

3

1

3

7

6

7 ₆5

495,813 510,916

517,251 520,948 _509,207

242,279 _231,297

-100,000 200,000 300,000 400,000 500,000 600,000

-20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0

Retail Deposits Increased by 7.9% Y-o-Y

22

7 4 .6 7 8 .8 7 4 .4 8 0 .4 7 5 .9 8 1 .3 8 6 .3 9 5 .5 8 8 .2 9 3 .4 9 8 .5 1 0 9 .6 1 0 7 .3 1 1 2 .7 1 2 0 .4 1 3 4 .0 1 3 2 .7 1 4 0 .6 1 4 6 .1 1 6 5 .0 1 5 7 .5 1 6 6 .8 1 7 6 .3 1 9 0 .9 1 7 9 .0 1 8 0 .8 1 8 4 .7 2 0 2 .6 1 8 2 .5 1 8 6 .0

5.1 6.2 5.16.1 6.8 6.9

7.48.19.310.211.0

11.011.711.911.5 11.312.712.8 13.0 13.7 14.715.6 18.4 20.7 21.022.021.8 24.0 22.223.2

4.45.1 5.3 6.8 5.66.1

8.09.48.28.8

9.111.110.511.9 12.2 15.714.615.4 16.1 18.6 17.016.7 28.6 33.0 29.7 33.634.4 40.2 33.536.4 1.41.4

1.81.72.32.5 2.4

2.7 2.72.73.3

3.2 3.53.5 4.1 4.2 4.34.3 10.7 11.4 12.1 11.913.1 13.0 12.814.4 44.442.050.6 63.462.965.1 68.768.571.870.6 68.7 70.569.068.6 70.8 73.171.670.3 71.5 71.4 72.170.7 80.2 84.5 88.4 100.1 108.3 120.0 119.2116.0

5.0 5.1 5.4 7.7 7.47.4

7.56.8 6.0 5.7

5.85.8 5.3 5.2 5.2

5.3 5.05.0 5.1 5.0 4.74.6 6.4 7.0 6.3 7.0 7.2 9.5 9.0 7.8 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 1 Q '0 8 2 Q '0 8 3 Q '0 8 4 Q '0 8 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

Rp Savings Deposits FX Savings Deposits Rp Demand Deposits FX Demand Deposits Rp Time Deposits FX Time Deposits

Retail Deposit Analysis

–

Bank Only

2.5% 2.8% 4.2%

3.4% 3.3%

3.1% 2.5%_2.3%2.4%2.8%

2.0% 2.2% 2.0%

2.0% 2.1%1.9%2.1%

3.2%

3.0% 3.3%

2.5% 2.6%

2.1% 2.2%2.4%1.8%

1.5% 1.6% 1.5%

1.6% 1.5%

1.5%1.6% 1.5%1.4%

1.3%1.2% 6.8% 6.3% 9.3% 9.5% 8.7% 7.2% 6.5% 6.9% 6.3% 6.5% 6.5% 5.7% 5.0% 4.9% 5.1% 4.9% 5.0% 5.5% 6.6%7.0% 7.3% 8.3% 7.9% 7.8% 7.4% 0% 5% 10% 15% Rp DD Rp Savings Rp TD

Average Quarterly Deposit Costs (%)

2.4%

1.6%1.8%

0.9%

0.9% _{0.1% 0.1%}

0.1% 0.3%0.3%0.2%

0.2% 0.3%

0.3%0.3%0.3%0.3%

0.3% 0.3% 0.3% 2.6% 2.9% 2.8% 3.7%3.9% 3.0% 1.9%

0.3% 0.5% 0.4% 0.8% 0.7% 0.7% 0.5% 0.6% 0.8% 1.2% 1.2% 1.1% 1.3% 1.8% 1.2% 0% 2% 4% 1 Q '0 8 2 Q '0 8 3 Q '0 8 4 Q '0 8 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5

6

0

,6

7

6

6

3

,3

2

3

6

6

,8

5

1

7

3

,3

2

4

8

1

,0

4

6

8

4

,6

7

5

9

1

,5

0

4

9

6

,2

6

8

1

0

5

,1

9

2

1

0

8

,4

3

4

1

1

8

,7

8

8

1

2

3

,8

3

3

1

3

0

,1

5

8

1

3

1

,8

5

7

1

4

0

,1

8

9

1

4

6

,7

4

4

1

5

7

,9

7

4

1

5

8

,1

7

3

1

6

5

,3

0

4

27.7% 28.6% 27.6% 28.3% 29.6% 29.6% 29.8% 30.2% 30.9% 31.8% 31.7% 31.3% 31.2% 31.8% 32.6% 32.5% 33.2% 33.1% 33.3% 20% 22% 24% 26% 28% 30% 32% 34% 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 4 Q 2 0 1 0 1 Q 2 0 1 1 2 Q 2 0 1 1 3 Q 2 0 1 1 4 Q 2 0 1 1 1 Q 2 0 1 2 2 Q 2 0 1 2 3 Q 2 0 1 2 4 Q 2 0 1 2 1 Q 2 0 1 3 2 Q 2 0 1 3 3 Q 2 0 1 3 4 Q 2 0 1 3 1 Q 2 0 1 4 2 Q 2 0 1 4 3 Q 2 0 1 4 4 Q 2 0 1 4 1 Q 2 0 1 5 2 Q 2 0 1 5

Retail to Total Loans

Building our High Yield Business in Retail Lending

Retail to Total Loans

Micro Credit Business Banking Consumer Finance

(Rp Bn)

60,261 67,724

7,463

2Q 2014 Growth 2Q 2015

YoY 12.4% Consumer Finance (Rp Bn) Business Banking 48,986 57,872 8,886

2Q2014 Growth 2Q2015

YoY 18.1% (Rp Bn) Micro Credit 30,964 39,708 8,744

2Q2014 Growth 2Q2015

St

ro

n

g

M

ic

ro

fi

n

an

ce

G

ro

w

th

2

4

200 300 502 687 898 897 903

600 800 800 878 928 1,027 1,127 1,128 1,209

10 152 480

710 760 751 706 703 714

3

5

2008 2009 2010 2011 2012 2013 2014 1Q '15 2Q '15

Bra

n

ch

Unit

Ki

o

sk

C

a

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O

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C

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rs

(

0

0

0

)

N

e

tw

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#

O

f

N

e

w

C

u

st

o

m

e

rs

73,566 79,500 76,325 94,855 74,037 110,000 121,007 146,359 126,509 140,064 131,715 147,825 138,747 160,620 136,196 162,181 140,886 167,145 158,909 162,738 134,501 138,500

1Q '10 2Q '10 3Q '10 4Q '10 1Q '11 2Q '11 3Q '11 4Q '11 1Q '12 2Q '12 3Q '12 4Q '12 1Q '13 2Q '13 3Q '13 4Q '13 1Q '14 2Q '14 3Q '14 4Q '14 1Q '15 2Q '15

2

7

1

4

3

0

5

6

2

6

9

4

8

1

5

8

8

9

1

,0

0

9

1

,0

4

6

1

,0

7

9

…as ell as Co su e Le di g, hi h ‘ose

12.38%

Y-o-Y as Auto Lending Remains Strong

1 3 ,5 0 0 1 4 ,2 6 8 1 5 ,5 2 3 1 6 ,4 6 6 1 7 ,7 7 9 1 8 ,7 6 4 2 0 ,1 1 3 2 0 ,9 1 9 2 2 ,8 1 8 2 4 ,0 9 2 2 6 ,1 3 5 2 7 ,3 5 7 2 6 ,9 9 5 2 6 ,6 9 0 2 6 ,5 0 5 2 6 ,3 4 7 2 6 ,4 9 5 2 6 ,2 0 7 2 6 ,3 4 0 3 ,9 5 7 3 ,9 6 4 3 ,9 7 9 3 ,9 4 9 3 ,8 8 7 3 ,7 7 7 3 ,6 7 9 3 ,5 7 1 3 ,4 7 1 3 ,3 6 5 3 ,3 1 2 3 ,2 4 0 3 ,1 8 1 3 ,1 7 2 3 ,1 9 8 3 ,2 4 0 3 ,3 1 0 3 ,3 2 6 3 ,4 3 2 6 ,3 7 4 6 ,3 9 8 6 ,7 0 8 6 ,8 6 1 6 ,9 9 5 7 ,1 4 3 7 ,4 1 2 7 ,7 5 3 8 ,2 0 6 8 ,3 8 6 8 ,9 5 8 9 ,3 7 4 9 ,7 8 1 1 0 ,0 3 0 1 0 ,6 4 2 1 1 ,2 5 3 1 1 ,8 8 0 1 2 ,2 0 1 1 2 ,8 3 8 3 ,5 8 9 3 ,5 7 5 3 ,7 6 1 3 ,9 1 0 4 ,2 9 6 4 ,2 4 5 4 ,4 9 2 4 ,5 9 0 5 ,0 3 5 5 ,0 2 5 5 ,1 9 5 5 ,3 0 3 5 ,6 2 0 5 ,5 5 7 6 ,8 5 5 7 ,5 6 8 8 ,2 8 8 8 ,3 4 3 8 ,7 5 1 2 ,8 2 6 3 ,4 5 4 3 ,4 9 2 4 ,2 0 0 5 ,1 1 5 5 ,8 2 9 6 ,5 9 3 6 ,6 0 9 7 ,2 0 9 7 ,4 8 6 7 ,9 0 5 9 ,0 1 3 1 0 ,2 1 8 1 1 ,0 8 3 1 2 ,2 6 0 1 3 ,2 7 1 1 3 ,9 8 3 1 4 ,8 9 0 1 5 ,6 3 0 447 698 791

873 928 964

1,016 1,037 1,010

966

927 904

809 840 805 765

750 683 733 0 2,500 5,000 7,500 10,000 12,500 15,000 17,500 20,000 22,500 25,000 27,500 30,000 32,500 35,000 37,500 40,000 42,500 45,000 47,500 50,000 52,500 55,000 57,500 60,000 62,500 65,000 67,500 70,000 72,500 75,000 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5 Other Auto

Credit Cards Payroll Loans Home Equity Loans Mortgages

Loan Type

Growth (%)

Y-o-Y

Q-o-Q

Other

(17.75%)

(5.75%)

Auto Loans*

27.49%

4.97%

Credit Cards

27.65%

4.88%

Payroll Loans

20.18%

4.89%

Home Equity Loans

7.30%

3.19%

Mortgages

(0.62%)

0.51%

Total Consumer

12.38%

3.16%

Quarterly Consumer Lending Balances by Type

Consumer Lending Growth by Type

Rp 67.7 Tn

Enhanced Transaction Capabilities

26

Quarterly Transaction Value (Rp Tn)

Quarterly Users (Mn)

* Inactive cards have been purged 77.1 95.5 97.1 107.5 130.8 147.7 153.8

159.9177.3 170.0 179.3 184.1 191.2 197.0 192.6 206.4 208.1 213.1 210.0 220.6

1.4 2.12.62.9 5.0 8.8 5.5 5.5 8.3 9.2 10.514.9 25.3 28.335.2 35.7 41.9

4.8 7.18.711.7

16.321.523.5_25.6 26.8 28.7 29.432.2 33.3 36.0 33.334.5

46.146.746.4

0 20 40 60 80 100 120 140 160 180 200 220 240 1 Q '0 9 2 Q '0 9 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5 ATM Mobile Banking Internet Banking 10.0 7.2 7.67.7 8.18.3 8.7 8.2 9.09.2 9.7 10.210.6 10.911.1 11.6 11.812.1 12.4 12.6 2.2 3.2 4.2 4.6 4.6 5.1 5.3 5.5 5.6 5.7 5.8 6.0 6.1 6.2 6.3 6.5 6.6 6.7 6.8 1.1 1.2

0.9 1.0 1.0 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.7 1.8 1.8 1.9 0 2 4 6 8 10 12 14 1 Q '0 9 2 Q '0 9 * 3 Q '0 9 4 Q '0 9 1 Q '1 0 2 Q '1 0 3 Q '1 0 4 Q '1 0 1 Q '1 1 2 Q '1 1 3 Q '1 1 4 Q '1 1 1 Q '1 2 2 Q '1 2 3 Q '1 2 4 Q '1 2 1 Q '1 3 2 Q '1 3 3 Q '1 3 4 Q '1 3 1 Q '1 4 2 Q '1 4 3 Q '1 4 4 Q '1 4 1 Q '1 5 2 Q '1 5 Debit Cards Mobile Banking Internet Banking

Quarterly Transaction Volume (Mn)

123 142 142 148 168 186 189 204 227 218 222 233236 235 244 246 251 249 268 42.3_38.641.740.8 43.040.7 44.7 45.3 39.1 45.4 43.8 51.0 53.2 46.5 48.1

8 1215 15 21 25 26 27 35 31 33 57 70 100 113 168

Retail Payment system gaining Traction

Volume Mandiri Business

Saving Account (Rp Tn)

3.5 4.8 8.0 17.7

34.7 59.4

85.8 102.3

86.1 89.0

2

0

0

7

2

0

0

8

2

0

0

9

2

0

1

0

2

0

1

1

2

0

1

2

2

0

1

3

2

0

1

4

2

Q

2

0

1

4

2

Q

2

0

1

5

3.3% YoY Growth

Numbers of EDC

Fee Income from e-channel Tx (Rp Bn)

52.1 89.4 126.2

200.3 258.2 315.2 347.6

414.7 604.3

65.5 98.5

166.6 196.5

285.7

318.6 382.0

490.3 663.4

81.9 110.5

194.5 249.3

313.9 361.8

437.5 489.2

89.0 117.8

223.7 268.5

312.8 464.4

512.9 664.8

2

0

0

7

2

0

0

8

2

0

0

9

2

0

1

0

2

0

1

1

2

0

1

2

2

0

1

3

2

0

1

4

2

0

1

5

Q4 Q3 Q2 Q1

35,3% YoY Growth

23,690

27,611 33,732 47,127

92,903 180,532

230,352 270,352

282,442 288,509

2

0

0

7

2

0

0

8

2

0

0

9

2

0

1

0

2

0

1

1

2

0

1

2

2

0

1

3

2

0

1

4

Q

1

2

0

1

5

Q

2

2

0

1

Making Inroads into SME and Retail Payments

28

Fiesta Point Program

A program to get points based on savings average balance and #of transactions through e-channel or branch, so that the Customer has the opportunity to earn immediate prizes.

Mandiri Belanja Untung Program

Prizes for buyers who do the transactions in the merchant (as a participants), or using Mandiri EDC. For sellers, they have the opportunity to be included to the national lucky draw.

Belanja Hoki/ Dagang Hoki Program

Co-promotion with the ITC Group for the merchant and the buyers who transact in ITC by using Mandiri Debit and also a reward program for the building management.

# SME Business w/ Mandiri Acc

# MTB Transaction & Volume

2

0

1

,1

0

6

2

1

2

,8

4

4

2

6

1

,9

3

5

2

6

5

,4

2

3

2

7

2

,2

1

2

2

9

0

,0

1

9

3

0

6

,8

3

1

3

4

9

,8

6

8

2

9

9

,4

1

7

3

2

2

,5

8

7

9,235 10,601

11,385 12,616

12,773 14,068

14,508 16,052

15,996 17,444

-3,000 6,000 9,000 12,000 15,000 18,000

-50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000

1

Q

'1

3

2

Q

'1

3

3

Q

'1

3

4

Q

'1

3

1

Q

'1

4

2

Q

'1

4

3

Q

'1

4

4

Q

'1

4

1

Q

'1

5

2

Q

'1

5

# of Volume # of Transactions (000)

543,972

643,334

789,300 807,496 827,261

2012 2013 2014 1Q 2015 2Q 2015

# MIB Transaction Value & Users

1

8

,5

2

8

2

5

,8

5

7

3

2

,2

7

3

4

2

,5

8

2

4

7

,3

0

4

5

3

,1

2

4

5

7

,4

4

7

7

3

,6

6

6

7

9

,9

7

0

8

8

,0

1

3

11,535 13,542

15,312 15,971 17,802 18,216

22,570 24,676

26,441 28,122

1Q '13 2Q '13 3Q '13 4Q '13 1Q '14 2Q '14 3Q '14 4Q '14 1Q '15 2Q '15

2

9

14,058 13,451 13,502 15,918 17,255 17,124 19,559 18,838 18,886 18,824 19,054 16,924 14,846 14,292 13,336 12,986 13,944 13,606 15,676 14,856 15,626 16,989 17,672 17,755 19,272 21,586 23,825 22,958 27,116 29,549 1 1 .5

% ₁₀.0

% 9 .2 %9 .1 % 9 .8 % 9 .4 % 10 .4

% 9.5

% 9 .4 % 8 .6 % 8 .2 % 6 .9 % 5 .9 % 5 .2 % 4 .5 % 4 .1 % 4 .3

% ₃.9

%

4

.3

% 3.8

%

4

.0

% 4.0

% 3 .9 % 3 .8 % 4 .1 % 4 .7 % 4 .3 % 5 .1 % 5 .3 % 0 2 ,0 0 0 4 ,0 0 0 6 ,0 0 0 8 ,0 0 0 1 0 ,0 0 0 1 2 ,0 0 0 1 4 ,0 0 0 1 6 ,0 0 0 1 8 ,0 0 0 2 0 ,0 0 0 2 2 ,0 0 0 2 4 ,0 0 0 2 6 ,0 0 0 2 8 ,0 0 0 3 0 ,0 0 0 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 S pe c ial Me nti on S pe c ial Me nti on Rati o

N

P

L

Mo

ve

m

e

n

t

-C

o

n

so

lid

a

te

d

5.14% 4.74% 4.44% 4.73% 5.85% 4.78% 3.79% 2.79% 2.56% 2.54% 2.60% 2.42% 2.60% 2.42% 2.56% 2.21% 2.22% 2.07% 2.04% 1.87% 2.08% 1.89% 1.90% 1.90% 2.07% 2.23% 2.16% 2.15% 2.27% 2.43% 1 1 6 .0 % 1 2 2 .5 % 1 3 8 .9

% 12

30

Q2 Total NPLs of Rp 9.97 Tn with Rp 1.75 Tn in Write-Offs

Non-Performing Loans by Segment

Movement by Customer Segment (Rp Bn)

* Excluding loans to other banks

NPLs

2Q



NPLs

(Rp Tn)

(Rp Tn)

(%)

Corporate

2.79

0.08

1.54%

Commercial

2.43

0.97

1.63%

Small

2.06

0.16

3.56%

Micro

1.37

0.13

3.46%

Consumer

1.31

-0.07

1.94%

Total

9.97

1.27

2.00%*

Movement by Customer Segment (Rp Bn)

8.71

0.20

3.08

0.36

1.75

0.49

9.97

1Q '15 UG to PL DG to NPL Payment Write-Offs Other 2Q '15

Non-Performing Loan Movements (Rp Tn)

–

Bank-Only

182 ₁₁₂

59

1397

352 51

712

452

23

565

329

63

220

503

0 500 1000 1500 2000 2500 3000 3500

UG to PL DG to NPL W/O

Total Loans originated since 2005

Net

Upgrades(%)

/

Downgrades(%)

#

2Q 2015 Details

Loan

Background

Q

Balance

(Rp Bn)

2Q

2013

3Q

2013

4Q

2013

1Q

2014

2Q

2014

3Q

2014

4Q

2014

1Q

2015

2Q

2015

DG to

NPL

%

UG to

PL

%

Corporate

172,735

0.01

0.00

0.00

0.10

-

-

0.06

-

0.11

0.11

-Commercial

143,112

0.05

0.10

0.01

0.08

0.04

0.12

0.37

0.13

0.95

0.95

-Small

54,825

0.59

1.05

0.64

0.97

0.70

0.45

0.31

1.29

1.17

1.32

0.09

Micro

39,688

1.10

1.18

0.89

1.16

1.26

1.19

0.83

1.25

1.37

1.29

0.06

Consumer

67,451

0.18

0.17

0.07

0.35

0.20

0.20

0.09

0.28

0.23

0.35

0.09

Total

477,811

0.18

0.25

0.13

0.30

0.21

0.20

0.25

0.33

0.60

0.63

0.03

2Q 2015 Annualized Net Downgrades of 2.4% on Loans

Originated Since 2005

3

2

R

e

st

ru

ct

u

re

d

L

o

an

s

19.4 18.8 18.6 17.4 20.3 23.1 21.5 22.3 21.7 18.4 16.9 16.2 16.6 16.4 16.2 17.2 17.1 17.1 15.3 15.2 14.3 13.1 13.6 13.5 13.5 14.2 13.9 14.0 11.7 11.7 12.0 12.5 12.7 11.2 11.5 10.2 11.8 14.4 20.9

5

.0

7

.0

9

.0

1

1

.0

1

3

.0

1

5

.0

1

7

.0

1

9

.0

2

1

.0

2

3

.0

2

5

.0

4Q '05 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 3Q '07 4Q '07 1Q '08 2Q '08 3Q '08 4Q '08 1Q '09 2Q '09 3Q '09 4Q '09 1Q '10 2Q '10 3Q '10 4Q '10 1Q '11 2Q '11 3Q '11 4Q '11 1Q '12 2Q '12 3Q '12 4Q '12 1Q '13 2Q '13 3Q '13 4Q '13 1Q '14 2Q '14 3Q '14 4Q '14 1Q '15 2Q '15

R

e

st

ru

ct

u

re

d

L

o

an

s

S

in

ce

2

0

0

5

A

n

n

u

al

iz

e

d

R

e

lap

se

d

R

a

te

o

f

R

e

st

ru

ct

u

re

d

L

o

an

P

o

rt

fo

li

o

1.2%

2.7%

0.0%

0.3%

0.0%

0.0%

0.0%

0.2%

0

.0

%

0

.5

%

1

.0

%

1

.5

%

2

.0

%

2

.5

%

3

.0

%

Enhancing Synergies & Value from Subsidiaries

Total Assets Rp66.9 Tn

Bond Trading Volume Rp41,1 Tn

Total Assets Rp21.4 Tn

Total Loans Rp1.1 Tn

Total Financing Rp7.8 Tn Total Financing

Rp50.4 Tn

Equity & FI Underwriting Rp6.1 Tn

Annual FYP Rp1,464 Bn

Net Interest Margin 10.42 %

Net Interest Margin 3.46% Total Deposits

Rp59.2 Tn

Equity Trading Volume Rp64.4 Tn

ROA 5.6%

ROA 1.84%

ROA 5.37% ROE

5.48%

ROE 4.6%

ROE 72.7%

ROE 7.15%

ROE 31.75%

•Remains the leader in syariah financing

•Capital injection program over 3 years

•Cross-selling syariah products to Mandiri customers

•Expansion of business to fully utilize current capital base

•Cross-sell capital market services to broad range of Mandiri customers

•Refocusing business toward higher fee income

•Providing end-to-end bank assurance business

•Continue to build cross-sell opportunities in various segments

•Bancassurance products to complete our suite of consumer offerings

•Enhancing operating model

•Improving risk

management systems and IT

•Improving productivity

• Pe et ate Ba k Ma di i s

network and customer base to develop the

multifinance segment with a strong focus on new 4 wheel vehicles.

Investment Banking

Syariah Banking Insurance Niche Banking

Bank Sinar Harapan Bali

InHealth

–

Opportunity to Increase Fee Income and

Contribute to the Insurance Portfolio

Leveraging our institutional, corporate, &

commercial customers

Providing solutions through our banking

products to InHealth healthcare provider

Cross-selling Mandiri products to InHealth

members

We have over 700 institutional, 300 corporate, and 1,700 commercial customers with the potential to become members of InHealth

• InHealth has nearly 6,100 healthcare providers and recorded over Rp. 444 Billion in claims year to date 2015

• Bank Mandiri will leverage the hospital network asI Health s partner to increase transactions through enhanced cash management products

• Bank Mandiri also will provide retail packaged products for all the doctors asI Health spartner

InHealth earned premium payments of Rp. 817 Billion in 2015 year to date from clients. Going forward, Bank Mandiri will encourage the use of cash management products through Bank Mandiris distribution channels and cross sell other products to over 1.1 million InHealth members.

6

9

2

,8

3

1

1

,0

2

3

,2

2

8

1

,1

7

5

,2

4

0

1

,1

1

8

,2

0

6

1

,1

4

1

,8

9

6

1

,0

8

7

,3

1

3

1

,0

7

2

,5

6

3

5,501

6,242 6,314 6,262

6,094 6,189

6,073

5,000 5,200 5,400 5,600 5,800 6,000 6,200 6,400

-200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000

2009 2010 2011 2012 2013 2014 1H 2015 Total Member # of Providers

36 78 47 107 120 203 104 70 203

811

1,073 1,203

1,410 1,400

754 817

0 50 100 150 200 250

-200 400 600 800 1,000 1,200 1,400 1,600

2009 2010 2011 2012 2013 2014 1H 2014

Ba k Ma di i s

2015 Corporate Guidance

2015 Target

1H 2015 Realization

Gross Loan Growth (YoY)

12%-14%

13.8%

Low Cost Deposits

Rp 420 Tn

Rp 404 Tn

Net Interest Margins

>5.80%

5.76%

Efficiency Ratio

<45%

44.8%

Gross NPLs

2.5-3.0%

2.43%

Cost of Credit

~1.4%-1.7%

1.46%

# of New ATMs

2,500

1,688

# of New EDCs

40,000

18,157

# of New Micro Outlets

300

100

# of New Conventional Branches

50

5

38

Corporate Banking:

Generating Strong Asset Spread

Performance to Date: 1H 2015 (Rp Bn)

Strategies for 2015

1. Focusing on Anchor Clients and

penetrating through using of

Transaction Banking

2. Account Plan implementation for top

76 Corporate Banking Customers.

3.

P o ide o e stop se i e solutio s fo

usto e s t a sa tio s a d eate

new business process to accelerate

the execution of Account Plan

including effective and responsive

Complaint Handling.

4. Strengthen business alliance with

Mandiri InHealth & Mandiri DPLK to

ease corporate customers to manage

their needs in health insurance &

pension fund / severance

2,499

1,070

614 318

3,864

138

1. Integrated Wholesale Transaction

Banking.

2.

Broaden product offering and services.

3. Acquire RMB License for Bank Mandiri

Shanghai Branch.

4. Open new Distribution Channel in

BMHK.

5. Increased capacity and business

processes for distribution and retail

brokerage.

6. New product innovations to improve

alliances and synergies with Mandiri

Group.

Treasury & Market

1,886

1,657 264

3,278

3

3,272

Mandiri Sekuritas

fi a ial pe fo

a e

40

(Rp Bn)

H1 2015

H1 2014

Y-o-Y



(%)

Revenues

260

338

(23%)

•

Investment Banking

61

62

(1%)

•

Capital Market

143

170

(16%)

•

Proprietary

7

37

(117%)

•

Investment Mgt

62

68

(8%)

)

Operating Expenses

213

212

0.3%

Earnings After Tax

24

78

(70%)

Equity Transactions

–

bn

64,404

67,478

(4%)

SUN Transactions

–

bn

34,155

41,145

(17%)

Equity & Bonds

Underwritten

–

bn

6,121

5,056

21%

ROA

3.7%

9.8%

(6.1%)

Commercial Banking:

Strong revenues from Assets

1.Support Bank

Ma di i s

Wholesale

Banking vision as an Integrated

Wholesale Bank through

sophisticated, customized and complete

services leading to increased revenue

through Wholesale Deposit generation

and Fee Income.

2.Increasing profit and market share

th ough i

easi g e isti g usto e s

share of wallet, increasing revenue from

e usto e s a d a agi g NPL s.

3.Provide the best total business solutions

for commercial customers by developing

products and services including quality

bundling of products, quick service and

competitive pricing.

4.Effective Alliance in units based on

customer base in Commercial

segment, especially in developing value

chain business.

Performance to Date: 1H 2015 (Rp Bn)

Strategies for 2015

3,208

228

466 200

3,702

839

Commercial Banking :

Stronger Platform & Improved Distribution Capability

42

Expanding Scope of Distribution, Q2 2015

Solid & Stable Source of

Low Cost Funds

Product Q2

2015 Q2

2014 Growth

Demand

Deposit 14.31 10.34 42.51% Rupiah 8.56 6.19 45.66%

FX 5.74 4.15 38.31%

Saving

Deposit* 2.08 1.07 94.39% Total CASA 16.38 11.41 43.56% Total Funding 30.57 17.26 77.11%

CASA Ratio = 53.59%

Funding from Java & Bali = 71.56% of total funding

Sumatera Loans = Rp 22,5 tn

Funds = Rp 5.6 tn

Kalimantan Loans = Rp 8.4 tn Funds = Rp 1.9 tn

Eastern Loans = Rp 4.1 tn Funds = Rp 1.2 tn

Java and Bali Loans = Rp 113,9 tn

Funds = Rp 21.9 tn

1.

Continue to develop retail payment

solutions for top retail industry value

chains and business clusters in order

to increase low cost deposit and

fee-based income

2.

Develop customer education to

further increase usage of new retail

products (e.g., prpaid) as well as

e-channel transactions in order to

i

ease usto e s lo alt a d

balances.

Micro & Business Banking:

Rapidly growing our high margin business

Performance to Date: 1H 2015 (Rp Bn)

Strategies for 2015

3,722

2,437

1,024

1,356

5,827

2,010

Business Banking :

44

Medan

Makassar Banjarmas

in

Surabaya

Semarang

Denpasar Bandung

Pekanbaru

Palembang

B.Lampung

Pontianak

Samarinda

Manado

Palu _Jayapura

Balikpapan Batam

Jambi Pematang siantar

Padang

Bekasi Jakarta

Solo Tangerang

Bogor

Branch Models that covered SME Customers M-1 Branch : 74

M-2 Branch : 90 M-3 Branch : 118

Expanding Scope of Distribution, 2015

Solid & Stable Source of

Low Cost Funds*

Product Q4 2014

Q2 2015

Growth QoQ

Demand

Deposit 45.9 48.2 5.01%

Saving

Deposit 75.9 67.9 (-10.5%)

Total CASA 121.7 116.1 (-4.6%)

Total

Funding 160.7 150.4 (-6.4%)

Rp Tn

CASA Ratio = 77,2%

Funding from Java & Bali = 70.2% of total funding

Sumatera Loans = Rp 15.0 tn Funds = Rp 20.5 tn

Kalimantan Loans = Rp 7.8 tn Funds = Rp 8.6 tn

Eastern Loans = Rp 9.8 tn Funds = Rp 15.4 tn

Java and Bali Loans = Rp 25.3 tn Funds = Rp 105.9 tn

46

Consumer Banking:

Significant growth in spread and fee income

1.

#1 in Auto with new product and 2W

subsidiary build up

2.

#1

position

in Credit

Card

with

innovation and portfolio optimization

3.

#1 in mortgage via new segments and

mandiri synergies

4.

Drive growth in personal loans via new

products and distritbution.

5.

#1 bank for

I do esia s

Gen-Y

6.

Recognized

innovator

in

banking-unbanked.

7.

Extend #1 position in wealthy and

affluent.

Performance to Date: 1H 2015 (Rp Bn)

Strategies for 2015

5,423

3,007

992

7,439

874

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