Company Presentation 8.2017 Bringing Dreams to Life 1 Disclaimer - - PowerPoint PPT Presentation

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Company Presentation 8.2017 Bringing Dreams to Life

2 By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your personal reference and are strictly

• confidential. The information and opinions contained in this presentation have not been independently verified, and no

representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. The company (including any of its affiliates, advisors and representatives) shall have any responsibility

• r liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any

information or opinions contained herein nor for any loss howsoever arising from any use of this presentation. In addition, the information contained in this presentation contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change overtime and in many cases are outside the control of the company and its

• directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's

assumptions are correct. Actual results may differ materially from those forecast and projected. This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of PT Megapolitan Developments Tbk.

Disclaimer

Table of Contents

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Page I. Megapolitan Developments at a Glance 4 II. Q2 Financial Updates 12 III. Project Updates 20 IV. NAV Guidance from Management 28 Appendix I : Key Investment Highlights 32 Appendix II : Portfolio Highlights 41 Appendix III : Others 53

• I. Megapolitan Developments at a Glance

The Premier Property Development Company

Group Overview

5 PT Cosmopolitan Persada Developments Lora Melani Lowas Barak Rimba Sudjono Barak Rimba Public

PT Mega Limo Estate (MLE) PT Mega Pasanggarahan Indah (MPI) PT Graha Mentari Persada (GMP) PT Tirta Persada Developments (TPD) PT Titan Property (TP) PT Megapolitan Mentari Persada (MMP)

66.78% 3.93% 3.93% 25.36% 99.38% 99.66% 99.00% 99.58% 99.95% 40%

Megapolitan Sentul City Bukit Cinere Griya Cinere

Our Projects are Situated in Emerging Prime Districts of Greater Jakarta

6

10km

Karawaci Cinere Sentul Kuningan * *

* Past Projects

7

1976-1979 1980-1986 1987-1997 1998-2004 2005-2008 2009-2011 2012-now

PT Megapolitan Developments Corporation was established as property agent

• Megapolitan Cinere Estate
• Griya Cinere 1
• Cinere Country
• Puri Cinere
• Griya Cinere 2
• Mal Cinere
• Bukit Griya Cinere
• Graha Laguna
• Bellagio Residence

& Mall

• Bellagio Mansion
• Tatya Asri
• Mega Sentul
• The Habitat

@Karawaci PT Megapolitan Developments Tbk (EMDE) listed its shares on IDX Centro Cinere

• Cinere Bellevue Mall
• Cinere Bellevue Suites
• Cinere One Residence
• Cinere One Commercial

Park Cinere Park View Vivo Sentul

• Vivo Mall
• Vivo Walk
• Galleria Kiosk Mall
• Bizpark @Vivo Sentul
• Cinere Riverside

Our Longstanding Track Record since 1970s

General Corporate Information

Megapolitan Developments Tbk (EMDE.IJ) Incorporation Date : 10 September 1976 IPO Date : 12 January 2011 IPO Price : Rp 250 IPO Share : 850.00mm IPO Amount : Rp 212.5bn _______________________________________________________________________ Share Capital @30 June 2017 : Total Shares In Issue : 3,350,000,000 @Rp 100 : Total Paid-Up : Rp 335bn _______________________________________________________________________ Total Value Rupiah per shares Market Capitalization @ 31 July 2017 Rp 898bn Rp 268 Book Value Rp 704bn Rp 214 _______________________________________________________________________ Shareholder Profile : Founders & Associates 74.64% Public 25.36%

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• II. Q2 Financial Updates

99.4 109.0 225.1 311.3 325.3 330.4 132.4 148.4

2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017

Revenue

5Y CAGR 27% YoY CAGR 12%

Recovery in Marketing Sales (IDR bn)1 Stable Revenue Growth (IDR bn)

10

The Company is experiencing recovery in marketing sales growth since 2015 with the Q2 2017 results are still relatively on track2 with the management budget (no revision), largely driven by residential in Cinere (37% of revenue) and commercial space in Sentul (19% of revenue). With the current development Cinere Terrace Suites, De Vonte, and Vivo Sentul, the marketing sales are expected to grow steadily.

The Recovery Momentum Has Started…

Good Signals from the Revenue and Marketing Sales

Notes:

12017 marketing sales are from management target 2In Q2 017, the realized marketing sales: IDR 174bn

In Q2 2017, the company achieved a double digit growth in revenue, driven by the apartment sales in Cinere (↑ 647% YoY), commercial sales in Sentul (↑ 97% YoY) Rental revenue from shopping malls has been growing slightly above inflation (↑ 7% YoY) providing good cushion while EMDE sustains the market recovery

174

2011-2016 Q2 2016-7

199 577 387 310 322 363

2012 2013 2014 2015 2016 2017F

11

Good Balance of Recurring and Development Income Revenue Breakdown

Q2 2017 Revenue Breakdown (in IDR bn) Expected Addition in 2018:

Cinere Terrace Mall and suites

Vivo Walk Hotel Vivo Mall

43.1 29% 49.9 34% 28.6 19% 26.7 18% Commercial Rental House Apartment

Recurring Income

Cinere mall

Cinere Bellevue Mall Cinere Bellevue Suites

13%

Non-recurring Income

Landed House Cinere Parkview Apartment

Cinere Terrace Suites

Commercial

Kiosk Galleria Vivo Sentul

2011-2016 Q2 2016-7

2.0 4.2 34.0 45.1 61.3 65.5 26.5 27.9

2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017

Net Income

5Y CAGR 101% CAGR 6.9%

2011-2016 Q2 2016-7 12

Portfolio Diversification Lead to a Stable Profitability Stable Gross Profit with Steady Net Income Growth

Stable Gross Profit (IDR bn)

58.9 63.6 115.3 157.4 199.0 192.7 84.6 88.8

2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017

Gross Profit

5Y CAGR 27% CAGR 4.9%

Steady Net Income Growth (IDR bn)

In Q2 2017, Megapolitan gained more revenue from apartment than previous period with 18%

• f sales are from apartment sale vs 2.7% in Q2

2016. The COGS of apartment are mostly driven by construction cost since land was acquired before the property market boom (circa 2007), resulting in overall increase of 25% YoY in COGS. Opex is under control with main increase in G&A expenses (↑ 13.0% YoY) mainly attributable to salary increases. While the FY 2016 gross profit was slightly lower than the previous year, Megapolitan was still able to book a growing net income at Q2 2017 and achieved a 5Y CAGR of 101%.

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Income Statement

Income Statement 30-Jun-16 30-Jun-17 ∆ YoY (%) Revenue 132,392,178,386 148,358,785,015 12% Commercial 19,529,075,455 43,142,696,608 121% Rental 46,612,332,886 49,888,255,914 7% Houses 62,672,868,954 28,590,852,857

• 54%

Apartment 3,577,901,091 26,736,979,636 647% COGS (47,770,944,349) (59,573,675,974) 25% Commercial (6,346,679,157) (14,569,211,061) 130% Rental (18,082,346,391) (20,229,158,520) 12% Houses (21,985,950,467) (9,145,454,080)

• 58%

Apartment (1,355,968,334) (15,629,852,313) 1053% Gross Profit 84,621,234,037 88,785,109,041 5% Commercial 25,875,754,612 57,711,907,669 123% Rental 64,694,679,277 70,117,414,434 8% Houses 84,658,819,421 37,736,306,937

• 55%

Apartment 4,933,869,425 42,366,831,949 759% Selling Expenses (6,054,736,116) (7,987,324,787) 32% G&A (32,069,269,039) (36,223,805,626) 13% Net Interest Expense (15,746,100,093) (14,070,905,035)

• 11%

Final Income Tax (6,936,189,401) (5,607,739,451)

• 19%

Other Income (Expenses) (2,715,367,837) (2,991,537,554) 10% Net Income 26,530,307,225 27,886,871,696 5%

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Growin ing g with Prude udent t Capit pital l Manag agement

High FCCR and Spread Debt to Maturity

Gearing Ratio Increases as Company Grows Its High Rise Projects

45.8 183.3 122.2 82.0 82.6 88.7 27.0 2017 2018 2019 2020 2021 2022 2023

Net Debt to Equity Ratio (LHS); FCCR (RHS)1 Debt Maturity Profile (in IDR bn)

Total Asset (in IDR bn)

894.5 886.4 938.5 1,179.0 1,196.0 1,363.6 1,596.0 2011 2012 2013 2014 2015 2016 2017 Q2 Vivo Walk Hotel Vivo Mall

CAGR 11.1%

Increase in gearing since the company has several super-complex project under construction but the debt maturity profile is well spread out and with manageable maturity. The company also has a 3.3x FCCR in Q2 2017.

Under Construction Development Cinere Terrace Mall and suites

12% 13% 5% 17% 18% 37% 64% 1.1x 1.9x 4.0x 5.5x 3.8x 3.0x 3.3x 2011 2012 2013 2014 2015 2016 2017 Q2 Net Debt/Equity FCCR

Notes: 1Fixed Charge Coverage Ratio calculated as EBITDA/Interest Expense

New Assets Coming Live

15

Balance Sheet

Asset Breakdown

Balance Sheet 30-Jun-16 30-Jun-17 ∆ YoY (%) Current Asset 560,685,748,660 974,227,848,769 74% Cash and cash equivalent 69,588,192,153 176,773,377,449 154% Trade receivables 136,403,259,106 177,313,798,391 30% Inventory 315,886,811,447 588,513,906,093 86% Advance and prepaid expenses 37,276,055,490 19,719,033,296

• 47%

Other current Asset 1,531,430,464 11,907,733,540 678% Non Current Asset 635,166,048,388 621,794,012,975

• 2%

Receivables from related parties 71,338,582,585 73,882,513,180 4% Land for development 256,500,693,986 322,149,348,171 26% Investment property 196,827,854,244 185,043,021,814

• 6%

Net fixed asset 29,736,650,904 29,221,184,291

• 2%

Investment in associates 78,652,715,030 7,320,049,530

• 91%

Other non-current asset 2,109,551,639 11,497,945,519 445% Total Asset 1,195,851,797,048 1,596,021,861,744 33%

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Balance Sheet

Liabilities and Equity

Balance Sheet 30-Jun-16 30-Jun-17 ∆ YoY (%) Current Liabilities 326,515,929,824 363,610,733,362 11% Trade payables 73,644,958,393 76,073,757,976 3% Other Payables 17,173,645,324 20,857,307,389 21% Unearned revenue 143,898,216,355 96,017,477,256

• 33%

CPLTD1 32,367,987,823 129,474,454,843 300% Other current liabilities 59,431,121,929 41,187,735,898

• 31%

Non Current Liabilities 182,871,443,582 516,532,253,950 182% Long term debt after CPLTD1 171,145,644,332 503,040,759,458 194% Employee benefit liability 11,615,933,532 13,491,494,492 16% Total Liabilities 509,387,373,406 880,142,987,312 73% Total Equity 686,464,423,642 715,878,874,432 4% Capital stock 335,000,000,000 335,000,000,000 0% Additional paid in capital 140,724,020,161 140,724,020,161 0% Retained earnings 191,434,326,340 251,930,353,727 32%

Notes : 1Current Portion of Long Term Debt

• III. Project Updates

Cinere One Residence Cinere One Commercial Cinere Bellevue Suites Cinere Terrace Mall Cinere Terrace Suites Cinere Terrace Commercial Cinere Bellevue Mall 18

Upside in Cinere Projects from Toll Roads

Continuing the Dominant Presence in Cinere

Centro Cinere, 6.45ha Megapolitan’s super complex in Cinere, provides a one stop place for more than the 120 thousands residences of Cinere. Centro Cinere consist of mall, apartment, commercial and landed house. The current Depok-Antasari and Cinere-Jagorawi toll road development would make the super block easily accessible to Jakarta own-town CBD Cinere Junction Megapolitan Cinere Projects: The development of the two toll roads will give better access between Jakarta to Cinere area. This is expected to boost demand for Cinere property, and surely its market value. Cinere Junction is the next superblock in Cinere. The existing projects are focused in landed house like Graha Cinere and Cinere Parkview. On the 2.7ha land, across the planned toll road, Cinere Jagorawi, would be built the future CBD Cinere Junction. Depok-Antasari toll road (under construction, expected completion on October) Cijago toll road (under construction)

Cinere Parkview

Landmark

Cinere Terrace Suites

Construction Progress

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Securing the Potential Upside in Cinere

Future Projects at Cinere

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CINERE

Tower A

Gross Area 16,196 sqm Total Unit 512 Launch Date 2017 Construction Start 2018 Target Completion Date 2020

Tower B

Gross Area 14,104 sqm Total Unit 432 Launch Date 2018 Construction Start 2018 Target Completion Date 2020

De Vonte Apartment will be located in Jl. Cinere Raya, just across the Cinere

• Mall. De Vonte will

be built on 0.81ha of land with total building area of 30,301sqm De Vonte Apartment Tuscany Residence and Commercial The landed house and shop-house projects will be located in Jl. Jati Raya Timur Blok B, Cinere with total land area of 5,095sqm.

Tuscany Residence

Type Landed house Total Unit 18 Launch Date 2018 Construction Start 2018 Target Completion Date 2021

Tuscany Commercial

Type Shop-house Total Unit 12 Launch Date 2018 Construction Start 2018 Target Completion Date 2021

Near Vivo Sentul and Megapolitan Sentul City Projects

Vivo Walk Hotel Vivo Mall

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Sentul, the Next Suburb of Greater Jakarta

New Super Complex with Excellent Accessibility

Vivo Sentul, located in Cimandala Sentul Bogor is located near the exit toll road Sirkuit Sentul and only 15 minutes travel time from Bogor. The 6.8ha super complex consists of mall, kiosk, and shop-houses and expected to attract property buyers both from Jakarta and Bogor. Vivo Sentul under construction

Megapolitan Sentul Projects: The under-construction LRT station in Sentul Circuit will be near the Vivo Sentul and Megapolitan Sentul City Project. The Bogor-Outer-Ring toll road will also give greater access between Bogor and Sentul.

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Vivo Sentul

Construction Progress

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Sentul as the “Next Cinere” for Megapolitan

Future Projects at Sentul

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Sentul

Vivo Residence

Type Landed house Land Area 35,000sqm Total Unit 110 Launch Date 2018 Construction Start 2019 Target Completion Date 2021

New Mahawana

Type Landed house Land Area 10,000sqm Total Unit 655 Launch Date 2017 Construction Start 2018 Target Completion Date 2023

New Mahawana New Mahawana, a landed house project, will be located in the Tatya Asri Sentul Complex. Vivo Residence Vivo Residence is a landed house project near the Vivo Sentul super complex.

• IV. NAV Guidance from Management

Acreage Estimate Amount Ha IDR thousand/sqm IDR bn Current Development Land Graha Cinere 1.8 2,250 40.9 Cinere Parkview 3.5 2,250 79.6 Centro Cinere & Riverside 17.9 6,000 1,075.8 Vivo Sentul Cimandala 6.6 5,000 331.2 Habitat at Karawaci Apartment Tangerang 1.9 5,500 103.1 Land Bank Graha Cinere 21.1 2,250 474.7 Tuscany 0.5 9,000 45.9 Limo Proyek Graha Cinere CBD 20.9 2,250 469.9 Limo Proyek Graha Cinere II 23.3 1,250 290.8 Puri Cinere & De Vonte 10.5 6,000 627.9 Cijujung (Project Tatya Asri & Pasirlaja) 32.1 1,000 320.8 Cimandala Bogor 10.0 5,000 500.5 Habitat at Karawaci Apartment Tangerang 0.9 5,500 50.1 Pasirlaja Sentul Bogor 197.1 1,000 1,970.6 Total Land 348.1 6,381.6 Investment Property CBM Mall 1.7 398.0 Cinere Mall 1.4 300.0 Development Project (net) 83.4 Total Assets 351.1 7,163.0 Less: JO/JV minority interest (1,182.4) Less Net Debt (as of Dec 31, 2016) (253.3)

• Acc. Receivables

146.2 Net Asset Value 5,873.5

NAV per share (IDR) 1,753

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At share price of IDR 268, EMDE stock is trading at 85% discount to NAV.

Undervalued Price Considering Current NAV

Management Estimates on Company’s NAV

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Undervalued Price Considering Current NAV

Management Estimates on Company’s NAV

Megapolitan acquired land-bank in Sentul and Karawaci at a very low cost before the property boom (circa 2007 – 2010). The Company stands to reap huge upside potential when all these projects are fully developed.

4 13 61 7 15 41 80 1,076 331 103

Graha Cinere Cinere Parkview Centro Cinere & Riverside Vivo Sentul Cimandala Habitat at Karawaci Apartment Tangerang Book Value

• Est. Market Value

65 35 144 46 47 57 11 29 90 475 470 291 46 628 321 501 50 1,971

Graha Cinere Limo Proyek CBD Cinere Junction Limo Proyek Griya Cinere II Tuscany Puri Cinere & De Vonte Tatya Asri Sentul Cimandala Vivo Sentul Habitat @Karawaci Tangerang Pasirlaja Sentul - MSC Book Value

• Est. Market Value

Current Land Development (in IDR bn) Land Bank (in IDR bn) Investment Property (in IDR bn)

184 6 398 300

Cinere Bellevue Mall Cinere Mall Book Value

• Est. Market Value

Contact Us:

• PT. Megapolitan Developments, Tbk

The Bellagio Residence

• Jl. Mega Kuningan Barat Kav. E4 No. 03

Jakarta 12950 – Indonesia Telp : +62 21 3001 9938 Fax : +62 21 3001 9939 Email : corporate.secretary@megapolitan-group.com www.megapolitan-group.com

Thank You

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Appendix I : Key Investment Highlights

Key Investment Highlights

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1.

The Greater Jakarta Market’s Robust Growth Story

2.

Ample Land Bank Inventory to Capture Future Growth

5.

Holistic and Well Planned Business Strategy

4.

Professional Management Team with > 40 Years’ Experience

3.

Diverse Project Portfolio Ensuring Earnings Stability

Robust Potential of Greater Jakarta Markets

Modest Property Price Recovery Expected

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9.61 10.18 2010 2015

Jakarta Growth 5.9%

4.77 5.46 2010 2015

Regency Bogor Growth 14.4%

0.48 0.54 2010 2015

Tangerang City Growth 13.8%

From 2010 to 2015, Jakarta population’s growth is much slower than Bogor Regency and Tangerang City population growth. It goes along with the assumption that Jakarta residents are looking for housing on the

• utskirts of Jakarta.

A.

Reductions in the benchmark interest rate to 4.75% (down from 7.5% in Q1 2016), increased in loan to Value (LTV) ratio, and loosening of mortgage regulations are likely to boost the middle and lower residential segments.

B.

35,000 36,000 37,000 38,000 Q1 2016 Q4 2016 Q1 2017

South Jakarta Apartment Asking Price (in IDR thousand/sqm) Growth 3.4% between Q1 2016 – Q1 2017

Source: BPS, Colliers Indonesia Research

1.

Robust Potential of Greater Jakarta Markets

Upside in Jabodetabek Suburb from Infra Support

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1.

Government budget for infrastructure development has been rising sharply since President Jokowi entered

• ffice, reflected from the 225 infrastructure projects nationwide1. We see potential positive value impact in
• ur Cinere and Sentul Projects especially the Superblock Cinere Junction from the development of Cinere-

Jagorawi (Cijago) and Depok-Antasari toll road and our future development in Megapolitan Sentul City.

C.

Source: The Jakarta Post, Infrastructure Development on Track: Jokowi, 3 May 2017.

Megapolitan Cinere Projects: The development of the toll roads will give better access between Jakarta to Cinere area. This is expected to boost demand for Cinere property, hence its market value. Megapolitan Sentul Projects: The proposed LRT station in Sentul Circuit will be near the Vivo Sentul and Megapolitan Sentul City Project and the Bogor-Outer-Ring toll road will give greater access between Bogor and Sentul. Near Vivo Sentul and Megapolitan Sentul City Projects Depok-Antasari toll road (under construction, expected completion on October) Cijago toll road (under construction)

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Location Project Land under Development (ha) Available Land Bank (ha) Total Land Bank (ha) Cinere Graha Cinere 1.8 65.2 67.1 Cinere Parkview 3.5

• 3.5

Centro Cinere & Cinere Riverside 17.9

• 17.9

Puri Cinere

• 10.5

10.5 Sentul Vivo Sentul Cimandala 6.6

• 6.6

Pasirlaja Sentul Bogor

• 197.1

197.1 Cimandala Bogor

• 10.0

10.0 Tatya Asri & Pasirlaja

• 32.1

32.1 Karawaci Habitat @Karawaci Apartemen Tangerang 1.9 0.9 2.8 Total 348.1 348ha of land bank are available for Megapolitan Development’s future sustainable growth

Ample Land Bank Inventory for Future Growth

348ha of Land Bank for Future Development

2.

34 Category Project Location Launch Date Type Status

Recurring

Cinere Bellevue Mall Cinere 2012 Leased mall 80% leased Cinere Terrace Walk Cinere 2014 Leased mall 30% leased Mall Cinere Cinere 1993 Leased mall 95% leased Vivo Mall & Walk Sentul 2015 Leased mall 61% leased

Non- Recurring

Cinere Bellevue Suites Cinere 2012 Strata title apartment 93% sold Cinere Bellevue Commercial Cinere 2012 Shop-houses 100% sold Cinere Bellevue Kiosk Cinere 2012 Kiosk 75% sold Cinere Terrace Commercial Cinere 2013 Shop-houses 85% sold Cinere Terrace Suites - The Cloud Cinere 2014 Strata title apartment 65% sold Cinere Terrace Suites - The Sky Cinere 2016 Strata title apartment 12% sold Cinere One Residence Cinere 2012 Landed house 92% sold De Vonte Commercial Cinere 2016 Shop-houses 20% sold Cinere Parkview Cinere 2013 Landed house 40% sold Graha Cinere - Phase IV Cinere 2010 Landed house 90% sold Galeria Kiosk Sentul 2015 Kiosk 55% sold Bizpark Vivo Sentul Sentul 2015 Shop-houses 61% sold New Jantra Sentul 2017 Landed house Tatya Asri Commercial 3-4 Sentul 2016 Landed house 20% sold The Habitat Karawaci 2008 Strata title apartment 87% sold De Vonte Apartment Cinere Q4 2017 Strata title apartment Development Tuscany Residence Cinere 2018 Landed house Development Megapolitan Sentul City Sentul 2017 Landed house Development Vivo Residence Sentul 2018 Strata title apartment Development New Mahawana Sentul 2017 Landed house Development

Diverse Project Portfolio Ensures Stability

Portfolio of Recurring and Development Income

3.

Sudjono Barak Rimba

One of the founder of Megapolitan Developments Position : Company President Commissioner since 1997

Jennifer Barak Rimba

19 years of experiences in the Company Position : Company Commissioner since 2011

Hongisisilia, SE Ak.

Experienced accountant and top management in multiple companies Position : Independent Commissioner since 2012

• Drs. H.Anton Bachrul Alam

Position : Independent Commissioner since 2015

Barbara Barak Rimba

19 years of experiences as top management in multiple companies Position : Company Commissioner since 2016

Experienced & Professional Management Team

Board of Commissioners

4.

Lora Melani Lowas

One of the founder of Megapolitan

• Developments. >40 years experiences.

Position : Company President Director

Sentosa Budiman

35 years of experience in developer company Position : Director since 2008

Ronald Wihardja

18 years of experience as top management in multiple companies Position : Mananging Director since 2013

Desi Yuliana

16 years of experience in marketing Position : Chief of Marketing and Sales since 2012

Radian Wena

14 years of experience as project manager Position : Head of Business since 2015

Fanny Setiati Sutanto

20 years of experience in the Company Position : Finance Director since 2011

Experienced & Professional Management Team

Board of Directors

4.

Holistic and Well Planned Business Strategy

Aiming for Stable and Measured Growth

5. Long Term Business Focus Expansion Strategies

PROJECT OPTIMIZATION

• Amplify project

commercial value

• Maximize

profitability

• Optimize

shareholder value

LAND BANK

• Develop existing

land bank

• Increase land

bank in strategic areas

STRATEGIC PARTNERSHIP

• Engage partners

foreign and domestic for investment and project development

CAPITAL MANAGEMENT

• Strengthen

capital through capital market and commercial loans.

• Manage

investment portfolio

CONSUMER

Improving customers experience by:

• Delivering high quality

product

• Superb Customer Service

FINANCIAL

Maximizing financial performance:

• Developing high revenue

projects

• Balancing project return

against cost of fund

HUMAN RESOURCE

Increasing human resource quality through:

• Employee training
• Comfortable working

environment

BUSINESS

Increasing competitive advantage by:

• Participating in regional

property development with local government

• Building solid team work

Appendix II: Portfolio Highlights

Past Project Highlights

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Bellagio Office, Mall, and Apartment

Office, mall, and apartment located in Mega Kuningan, Jakarta. Constructed in 2002 and finished in 2005 with more than 1,000 unit sold

Puri Cinere

44.4ha area of landed house project in Cinere, completed in 2000 and managed to sold >400 units

Tatya Asri Graha Cinere – Phase I-III

Graha Cinere is landed house project, located in Cinere. Megapolitan completed the first project in 1988 and managed to sold > 3,300 units 10.1ha area of landed house project in Cinere with 724 unit of houses sold.

Cinere Project Locations

40

Centro Cinere – Cinere Bellevue

41 Cinere Bellevue Mall , Suites, Commercial, and Kiosk

Apartment, mall, and shop-houses on a 1.65ha block, located in Jl. Cinere Raya, Depok.

Cinere Bellevue Mall Cinere Bellevue Suites Cinere Bellevue Mall

Type Leased mall Gross Floor Area 64,618sqm Net lease area 22,949sqm No of floor 6 Launch Date 2012 Construction Start 2013 Completion Date 2014 Occupancy 80%

Cinere Bellevue Suites Tower A Tower B

Gross Area 18,849sqm 18,849sqm No of floor 18 18 Total Unit 529 540 Launch Date 2012 2012 Construction Start 2013 2013 Completion Date 2015 2015 Status 93% sold 93% sold

Cinere Bellevue Kiosk

Type Kiosk Total Unit 172 Launch Date 2012 Construction Start 2013 Completion Date 2015 Status 75% sold

Cinere Bellevue Commercial

Type Shop-houses Total Unit 14 Launch Date 2012 Construction Start 2013 Completion Date 2015 Status 100% sold

Mall tenants:

Cinere Terrace Mall Cinere Terrace Commercial

Centro Cinere – Cinere Terrace

42 Cinere Terrace Suites The Cloud The Sky

Type Apartment Apartment Gross Area 13,778sqm 25,079sqm No of floor 18 18 Total Unit 306 530 Launch Date 2014 2016 Construction Start 2016 2016 Target Completion Date 2018 2018 Status 65% sold 12% sold

Cinere Terrace Walk, Suites, and Commercial Another masterpiece on 2.2ha of land on Cinere

• Raya. The super block is a

combination of mall, apartment, and commercial. Cinere Terrace Walk

Type Leased mall Gross Floor Area 21,471sqm Net lease area 11,779sqm No of floor 3 Launch Date 2014 Construction Start 2016 Target Completion Date 2017 Occupancy 30%

Cinere Terrace Commercial

Type Shop-houses Land area 4000sqm No of floor 3 Total Unit 56 Launch Date 2013 Construction Start 2014 Completion Date 2015 Status 85% sold

Construction in progress

Centro Cinere – Residential

43 Cinere One Residence

Cinere One Residence is located in Jl. Cinere Raya as part of the super complex, Centro

• Cinere. The house types are 146/240 and 105/160

Cinere One Residence

Type Landed house Total land area 17,700sqm No of unit 47 Launch Date 2012 Construction Start 2013 Completion Date 2015 Status 92% sold

Cinere Riverside II

Type Landed houses Total land area 4,200aqm Gross area 3,021 No of floor 2 No of unit 15 Launch Date 2016

Cinere Riverside II

Cinere Riverside II is an exclusive town house in Cinere. The house type is 159/200.

Mall Cinere and De Vonte

44 Mall Cinere Mall Cinere has become

• ne of main city landmark

in Cinere. Cinere residents are familiar and comfortable with the mall, inferred by the mall’s high visitors and occupancy. Mall Cinere

Type Leased mall Total land area 13,000sqm Gross area 24,149sqm No of floor 4 Launch Date 1993 Construction Start 1990 Completion Date 1993 Occupancy 95%

De Vonte Commercial De Vonte - Commercial

Type Shop-house Total land area 2,500sqm No of unit 11 Launch Date 2016 Construction Start 2017 Target Completion Date 2018 Status 20% sold

De Vonte

Cinere mall

Major Tenants: De Vonte Commercial is a shop-houses complex just across the Mal Cinere. Behind the shop-houses will be built a new Megapolitan’s apartment tower.

Cinere Junction – Residential

45 Cinere Parkview Cinere Parkview

Type Landed house Total land area 73,000sqm No of unit 358 Launch Date 2013 Construction Start 2013 Target Completion Date 2017 Status 40% sold

Graha Cinere – Phase IV Graha Cinere

Type Landed house Total land area 23,960sqm No of unit 77 Launch Date 2010 Construction Start 2010 Target Completion Date 2017 Status 90% sold

Cinere Parkview and Graha Cinere Phase IV are part of the Cinere Junction super complex. House type sold in Cinere Parkview are Mandevilla (118/120), Maple (46/105), Magnolia (80/120), Melia (60/105), Mimosa (118/120), and Marigold (115/105).

Sentul Project Locations

46

Megapolitan Sentul City

Vivo Sentul

47 Vivo Mall, Walk, and Galeria Kiosk Vivo Mall, Walk, and Galeria Kiosk

Total land area 28,000sqm Gross floor area 39,792sqm No of floor 7 Launch Date 2015 Construction Start 2016 Completion Date 2018

Bizpark Vivo Sentul Galeria Kiosk

Type Kiosk Status 55% sold

Vivo Mall & Walk

Type Leased mall Status 61% leased (Vivo Mall)

Bizpark Vivo Sentul

Type Shop-houses Total land area 40,000sqm No of unit 187 Launch Date 2015 Construction Start 2016 Completion Date 2018

Vivo Bizpark (Commercial)

Vivo Walk Hotel Vivo Mall

Construction in progress

Tatya Asri Sentul

48 New Jantra New Jantra

Type Landed house Total land area 4,823sqm No of unit 35 Launch Date 2017 Construction Start 2018 Target Completion Date 2019

Tatya Asri Commercial 3-4 Tatya Asri - Commercial

Type Shop-houses Total land area 2,000sqm No of unit 15 Launch Date 2016 Construction Start 2017 Completion Date 2018 Status 20% sold

Tatya Asri commercial is a shop-houses project on 2,000sqm of land and is currently under construction. New Jantra is an affordable housing complex targeted for Indonesia middle class. House type sold are 40/72

Karawaci – The Habitat

49 The Habitat The Habitat Type Apartment Total land area 18,700sqm No of tower 5 No of floor 5-6 Total unit 722 Launch Date 2008 Construction Start 2010 Target Completion Date 2018 Status 87% sold

50

Appendix III: Others

Corporate Mission and Vision

Continuously Increase Company Performance and Give the Best Result to Our Stakeholders by

• 1. DELIVERING CUSTOMER SATISFACTION THROUGH HIGH QUALITY PRODUCTS, HIGH VALUE INVESTMENT,

SAFETY AND SECURITY. 2. CREATING PROFITABLE RELATIONSHIP WITH OUR BUSINESS PARTNERS.

• 3. PROVIDING OUR TEAM WITH GOOD WORKING ENVIRONMENT AND INCREASING WELFARE AND CAREER

DEVELOPMENT

• 4. CONTINUOUSLY INCREASING SHAREHOLDER VALUE.
• 5. CREATING BENEFIT TO SOCIETY THROUGH SUSTAINABLE GROWTH AND GOOD CORPORATE

GOVERNANCE.

51

VISION

Developing Quality Space in Balance and Harmony for Global Living Bringing Dreams to Life

Awards

52

2015 and previous years

Top Performer in Property & Building Construction Sector Top Property Award in Superblock Category – Vivo Sentul Top Property Award in Superblock Category – Vivo Sentul

2016

Melani Lowas Barak Rimba as Business Srikandi Post-Crisis for New City Project & Crisis-Proof Housing Category Visionary & Innovatif Pioneer in Developing Cinere Area for Housing & Apartment Category The Best Action Plan Indonesia Region Action International Business Coaching Award Melani Lowas Barak Rimba as Top Woman Leader Indonesia Anugerah Perempuan Indonesia

Awards

53