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UBS Indonesia Conference 2016 (based on FY2015) Last update : March - - PowerPoint PPT Presentation

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Investor Relations update UBS Indonesia Conference 2016 (based on FY2015) Last update : March 2016 TABLE of CONTENT SEGMENT OVERVIEW GUIDANCE 2016F IRs UPDATE GROUP PERFORMANCE Spirit of Innovation 2 SEGMENT OVERVIEW BOARD GUIDANCE#5

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SLIDE 1

Investor Relations update

UBS Indonesia Conference 2016

(based on FY2015)

Last update : March 2016

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SLIDE 2

Spirit of Innovation

2

TABLE of CONTENT

SEGMENT OVERVIEW GROUP PERFORMANCE IR’s UPDATE GUIDANCE 2016F

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SLIDE 3

BOARD GUIDANCE#5

PT WIJAYA KARYA (Persero) Tbk.

3

SEGMENT OVERVIEW

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Spirit of Innovation |

VISION

To be One of The Best Integrated EPC and Investment Company in South East Asia

MISSION

Providing Excellent Integrated Products and Services on EPC and Investment for Infrastructure, Building, Energy, Industrial Plant, Industry and Realty & Property Accomplish Key Stakeholders Expectation Practicing Business Ethics to Promote Good Corporate Citizen and Company Sustainability Strategic Overseas Expansion Implementing Best Practices Integrated Management System

“

4

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SLIDE 5

Spirit of Innovation | 5

Government Public

65.05% 34.95%

60% 99% 99% 85.26% 85.26% 90.04% 96.05% 99% 51% 60% 100%

PORTOFOLIO BISNIS

SUBSIDIARIES

PT WIKA Realty Minor Development 50%

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Spirit of Innovation | 6

Government Public

65.05% 34.95%

Toll Road 20% 40%

PT AIR MINUM INDONESIA 14%

20% 2% 0,4%

PT Citra Marga Lintas Jabar

PORTOFOLIO BISNIS

Railway

15% 38%

Sea Port

25%

PT Pilar Sinergi BUMN Indonesia

Transportations Infra Energy Renewable Energy Water & Environment INVESTM ENT IN ASSOCIATE

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SLIDE 7

Spirit of Innovation | 7

BUSINESS PILARS

INDUSTRY INFRASTRUCTURE & BUILDING ENERGY & INDUSTRIAL PLANT REALTY & PROPERTY INVESTMENT Precast Concrete :

  • Precast Concrete Product
  • Natural Resources

Management

Industrial Facilities :

  • Steel Fabrication
  • Aluminium Casting
  • Plastic Injection

Bitumen :

  • Granular Asphalt
  • Extraction Asphalt

Civil Construction :

  • Road and Bridge
  • Seaport, Jetty
  • Dam & Barrage

Building Construction :

  • Residential & Commercial
  • Airport
  • Facility

Steel Construction :

  • Erection
  • Equipment Installation

EPC :

  • Oil and Gas Plant
  • Petrochemical Plant
  • Cement Plant, Power Plant
  • Mining, Biofuels, Fertiliser

Operation & Maintenance :

  • Power Plant
  • Industrial Equipment

Realty & Property :

  • Landed House
  • High-rise (Apartment,

Condotel, Office Mixed Use)

  • Industrial Estate

Property Management Energy Water & Environment Transportation Infrastructure

Civil Work Department Overseas Department Building Department Industrial Plant Department Energy & Power Department Building Department Energy & Power Department

SERVICES/PRODUCTS

DEPARTMENT, SUBSIDIARIES, ASSOCIATES

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SLIDE 8

PT WIJAYA KARYA (Persero) Tbk.

8

1.SK Menteri BUMN No. SK-16/S.MBU/2012 | 2.Assessment by Indonesia Quality Award (IQA) | 3.Assessment by “Kriteria Penilaian Kinerja Unggul” (KPKU) | 4.Assessment by LPPM | 5.Assessment by AON Hewitt | 6. Assessment based Coso Framework | 7. Assessment based ISO 31000 | 8. Self Assessment

2008 2009 2010 2011 2012 2013 2014 2015

GCG SCORE (Assessor: BPKP)

85,56 86,20 86,97 89,34 86,071) 89,238) 93,301)

BUMN BERSIH

INTERNAL TARGET : 9.4 PERCEPTION: 8.41

CGPI INDEX

80.36

Emerging Industry Leader

81,78

Emerging Industry Leader

ASEAN SCORECARD

49 biggest group score:

61-65

TOP 14 score: 69.9 Best SOE

CORPORATE RATING (Assessor: PEFINDO)

id A

Stable Outlook

  • id A

Stable Outlook

id A+

Stable Outlook

id A+

Stable Outlook

id A+

Stable Outlook

MTN RATING

id A+

Stable Outlook id A+ Stable Outlook

PERFORMANCE EXCELLENCE

  • 5903)

Emerging Industry Leader

582,53)

Emerging Industry Leader

ENGAGEMENT LEVEL

  • 85,934) 85,554)

805) 885)

785)

RISK MATURITY LEVEL

2,86) 3,126) 2,567) 3,517) 3,797)

CORPORATE ASSESSMENT

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Spirit of Innovation | 9

WIKA BETON

CAPACITY : 2.500.000 ton/Year

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Spirit of Innovation | 10

WIKA REALTY

TOTAL LANDBANK : 300Ha

NORTH SUMATRA JAKARTA EAST KALIMANTAN NORTH SULAWESI SOUTH SULAWESI WEST JAVA & BANTEN CENTRAL JAVA EAST JAVA BALI

Tamansari Debang Medan (LH) Tamansari Hive Fatmawati Hive Office Tamansari Parama Wikasatrian - Bogor (LH&H) Tamansari Cyber – Bogor (LH) Tamansari Iswara - Bekasi (A) Tamansari Panoramic – Bandung (A) Tamansari La Grande Merdeka – Bandung (A&C) Tamansari Skylounge – Tangerang (A&C) Tamansari Hill - Semarang (LH) Tamansari Amarta - DIY (A) Tamansari Papilio Surabaya (A&C) Jivva Tamansari – Lepang (C) Jineng Tamansari – Kuta (C) Tamansari Gangga – Tabanan ( C ) Tamansari Bukit Mutiara - Balikpapan (LH) Tamansari Grand Samarinda (LH) Tamansari Metropolitan Manado (LH) Tamansari Lagoon - Manado (A&C) Tamansari Kahyangan Kendari (LH) Tamansari Skylounge - Makassar (A)

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Spirit of Innovation | 11

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 2015 3,734 3,068.94 2,596.909 2,318.154 2,033.2 1,827.7 1,557.21 1,252.74 1,041.24 683.12 309.11 209.7 2,828 2,596 2,817 2,053 1,714 1,583 1,424 1,146 778 679 489 220 220 489 679 778 1,146 1,424 1,583 1,714 2,053 2,817 2,596 2,828

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 2015 19,077.1 13,158.22 11,562.61 10,589.55 10,909.5 9,133.37 8,573.46 4,303.32 3,624.35 3,383.02 2,767.73 783.11 9,817 7,952 6,376 5,261 4,487 3,530 3,378 2,745 2,383 1,890 619 269 269 619 1,890 2,383 2,745 3,378 3,530 4,487 5,261 6,376 7,952 9,817 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2015 1,034.35 658.42 165.67 165.67 61.62 60.63 59.65 59.25 58.65 61.58 10.78 0.49 3,634 3,517 3,314 3,359 2,040 2,040 2,040 1,982 1,981 1,981 1,885 1,884 1,884 1,885 1,981 1,981 1,982 2,040 2,040 2,040 3,359 3,314 3,517 3,634 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2015 1,376.31 1,039.19 1,018.19 1,018.19 357.55 338.48 232.83 212.85 152.46 117.57 108.7 78.63 1,354 1,084 1,014 387 362 332 319 249 212 162 115 82 82 115 162 212 249 319 332 362 387 1,014 1,084 1,354

SEGMENT: INDUSTRY SEGMENT: INFRA & BUILDING SEGMENT: ENERGY & IND. PLANT SEGMENT: PROPERTY & REALTY

NEW CONTRACT

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BOARD GUIDANCE#5

PT WIJAYA KARYA (Persero) Tbk.

12

GROUP PERFORMANCE

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Spirit of Innovation 13

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2015 New Contract 2015 New Contract 2014 Total 2014

17,632 15,148 13,522 11,060 8,603 7,485 7,160 6,123 5,355 4,712 3,108 2,456 2,484 1,626 2,462 2,457 1,118 325 1,038 768 643 1,604 652 2,456 7,270 2,608 1,252 730 2,002 937 4,595 951 631 1,049 2,124 1,072 25,222 17,951.77 15,343.38 14,092 13,361.89 11,360.18 10,423 5,828 4,877 4,245 3,196 1,072 2,456 3,108 4,712 5,355 6,123 7,160 7,485 8,603 11,060 13,522 15,148 17,632 2,456 652 1,604 643 768 1,038 325 1,118 2,457 2,462 1,626 2,484

NEW CONTRACT CYCLE

NEW CONTRACT

FY2015 25,221.76 FY2014 17,631.94

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Spirit of Innovation 14

Industrial Plant Precast Building Property Toll, Road&Bridges Port, Irrigation, DAM Manufacture&Constr Bitumen Power Plant

404.75 18 746 4,167 9,116 1,376 5,785 2,969 640

0.43 61 580 2,289 1,321 1,354 6,207 2,186 3,633

FY2014 FY2015

NEW CONTRACT BASED ON SCOPE OF WORK ( FY2015)

NEW CONTRACT

FY2015 25,221.76 FY2014 17,631.94

20.61% 12.40% 2.54% 11.77% 35.20% 22.93% 7.68% 5.46% 7.49% 36.14% 12.98% 16.52% 3.29% 2.96% 0.07% 0.0% 1.60% 0.35%

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Spirit of Innovation 15

  • NEW CONTRACT AND CARRY OVER

FY2015 MAJOR AWARDED PROJECTS

  • Oecusie Airport-

Timor Leste Rp1.008Tr

  • Pasellorang Dam Rp478.27Bn
  • Keureuto Dam Rp406.91Bn
  • Elevated Non Toll Ciledug Rp319.28Bn
  • Bogor Ciawi Toll-Road Rp322.92Bn
  • Container Yard Lamong Rp325.48Bn
  • Bogor-Ciawi Toll Road Rp322.92Bn
  • Solo-Kertosono Toll Road (Loan) Rp717.79Bn
  • Double-Double Track Maggarai Rp330Bn
  • Lampung Toll Road Rp2.181Tr
  • Seroja Toll Road Rp628Bn
  • G Island Bridge Rp300Bn
  • Bp Tangguh Ncdt Rp357Bn

FY2015

FY2014 FY2015

7.68% 20.61% 55.68% 16.04%

25,221.76

FY2014 FY2015

3.66% 31.93% 58.02% 6.39%

23,784.39

Industry Infra & Building Energy & Industrial Plant Property & realty

NEW CONTRACT CARRY OVER

17,631.94

5.46% 4.10% 75.64% 14.80%

23,301.49

4.23% 36.40% 55.61% 3.76%

ORDER BOOK

FY2015 48,523.24 FY2014 41,416.33

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Spirit of Innovation 16

(bilion Rp.)

NEW CONTRACT BASED ON PROJECT OWNER

55.7% 29.0% 15.3%

39.7% 17.8% 42.5%

2010 2011 2012 2013 2014 2015F 31.6% 28.2% 40.2% 51.0% 30.6% 18.4% 55.7% 29% 15.3%

Private SOE Government

25.21% 22.17% 52.02%

2014

DECEMBER

2015

DECEMBER

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Spirit of Innovation | 17

450 900 1350 1800

2012 2013 2014 2015

431.7 195.8 81.1 22.5 95.75 27.6 133.8 663.4 424.75 311.8 56.9 782.97 510.8 482

Subsidiaries Fixed Asset Business Developmen Capital Placement 1,045.9 691.4 753.8

CAPITAL EXPENDITURE 2014F

22.5

1,735.17

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BOARD GUIDANCE#5

PT WIJAYA KARYA (Persero) Tbk.

18

RESULT UPDATE FY2015

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Spirit of Innovation | 19

SEGMENTAL SALES & NET PROFIT

Infra & Building Energy & Industrial Plant Industry Property & Realty

1 1 % 2 1 % 2 5 % 4 4 % 1 0% 2 6 % 2 5 % 3 8%

REVENUE

1 2 % 1 5 % 3 5 % 3 8% NET PROFIT 1 7 % 3 5 % 1 5 % 3 2 %

2014 2015

REVENUE

NET PROFIT

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Spirit of Innovation | 20

QUARTERLY GROSS PROFIT MARGIN

5 8.75 12.5 16.25 20

3M13 6M13 9M13 FY13 3M14 6M14 9M14 FY14 3M15 6M15 9M15 FY15

Infra & Building Energy & Industrial Plant Industry Property & Realty

*JO: Join Operations

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Spirit of Innovation |

WIKA GROUP & SUBSIDIARIES

49% 51% 55% 45%

Sales

Net Income

34% 66% 52% 48%

Sales

Net Income

53% 47% 56% 44%

Sales

Net Income

FY2013 FY2014 FY2015

WIKA Group SUBSIDIARIES

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Spirit of Innovation |

0.725 1.45 2.175 2.9

2009 2010 2011 2012 2013 2014 2015

2.6 2.9 2.9 2.89 2.75 2.28 2.49

22

DEBT & LEVERAGE PERFORMANCE

0.175 0.35 0.525 0.7

2009 2010 2011 2012 2013 2014 2015

0.65 0.62 0.52 0.44 0.21 0.19 0.07

LIABILITIES to EQUITY RATIO

GROSS GEARING RATIO

Debt Covenant : 3.5 Debt Covenant : 2.3

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Spirit of Innovation 23

STABLE TREND IN CHALLENGING TIMES

ROE (%)

2009 2010 2011 2012 2013 2014 2015 1,513.91 1,401.48 1,212.00 870.00 654.00 478.00 485.00

Operating Margin

OPERATING PROFIT (IDR bio)

7.36% 7.93% 8.44% 8.78% 10.23% 11.24% 11.11%

2009 2010 2011 2012 2013 2014 2015 1,098.08 1,139.19 1,016.00 833.00 630.00 473.00 348.00

EBT Margin

EARNING BEFORE TAX (IDR bio)

6.11% 8.60% 9.19% 10.02% 8.55% 9.13% 8.06%

2009 2010 2011 2012 2013 2014 2015 625.00 608.00 570.00 476.00 355.00 285.00 189.00

Net Profit Margin

NET PROFIT (IDR bio)

2.87% 4.73% 4.58% 4.81% 4.8% 4.87% 4.59%

Revenue 9.28% OPEX 8.07% EBT (3.60%) Net Profit 2.80%

YoY 2015

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Spirit of Innovation | 24 DESCRIPTION 2015 2014 Growth

New Contract 25,221.76 17,631.94 43.05% Order Book 48,523.24 41,416.33 17.16% Net Sales 13,620.10 12,463.22 9.28% Cost of Sales (11,965.44) (11,038.65) 8.40% Profit (Loss) JO Projects 288.40 369.76 (22.00%) Gross Profit 1,943.06 1,794.33 8.29%

14.27 14.40

Operating Expense (429.16) (392.85) 9.24% Operating Income 1,513.91 1,401.48 8.02% 11.12 11.24 Other Income (expense) (415.82) (262.29) 58.54% Profit (Loss) before Income Tax 1,098.08 1,139.19 (3.61%)

8.06 9.14

Final Tax (395.08) (395.42) (0.09%) Non Final Tax Deferred Tax Net Income 703.01 743.77 (5.48%)

5.90 5.97

Other Comprehensive Income After Tax Comprehensive Income 709.31 736.15 (3.65%)

5.21 5.91

Income Attributable To: Parent Entity Owner 625.04 608.15 2.78%

4.59 4.88

Non Controlling Interest 77.96 135.61 (42.51%) Total 703.01 743.77 (5.48%) Earning Per Share (full amount) 101.81 99.06

  • CONSOLIDATED OF COMPREHENSIVE INCOME 2015
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Spirit of Innovation | 25

Description 2015 2014 Growth YoY Total Current Assets 12,560.29 9,481.21 32.48% Total Non Current Assets 7,042.12 6,428.01 9.55% TOTAL ASSETS 19,602.41 15,909.22 23.21% Total Current Liabillties 10,597.53 8,476.04 25.03% Total Non Current Liabillities 3,566.77 2,556.42 39.52% TOTAL LIABILLITIES 14,164.30 11,032.47 28.39% Share Capital 614.92 614.92 Tresury Stock (10.27) (10.27) Additional Paid in Capital 715.86 715.86 Change of Equity in Subsidiaries 1,127.25 1,127.25 Retained Earning 2,013.22 1,523.05 32.18% TOTAL EQUITY 5,438.10 4,876.75 11.51% Non Controlling Interest 1,062.94 989.17 7.46% TOTAL LIABILLITIES & EQUITY 19,602.41 15,909.22 23.21%

CONSOLIDATED OF FINANCIAL POSITION 2015

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Spirit of Innovation | 26

Description

2015 2014

Received from customer 12,700.43 10,916.21 Payment to Suppliers (11,155.71) (10,209.15) Payment for Director (286.83) (279.41) Payment for operating (168.46) (186.84) Deposite Interest 59.69 73.50 Payment of interest (431.41) (122.33) Payment of Taxes (479.30) (369.67) CASH FROM OPERATING ACTIVITIES 238.41 (177.69) CASH FROM INVESTING ACTIVITIES (325.09) (1,268.22) CASH FROM FINANCING ACTIVITIES 345.91 2,360.10 INCREASE (DECREASE) 259.23 914.19 CASH BALANCE & CASH EQUIVALENT EARLY PERIODE 2,300.89 1,386.71 CASH BALANCE & CASH EQUIVALENT END PERIODE 2,560.12 2,300.89

CONSOLIDATED STATEMENT OF CASH FLOW 2015

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BOARD GUIDANCE#5

PT WIJAYA KARYA (Persero) Tbk.

27

GUIDANCE 2016

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Spirit of Innovation |

ORDER BOOK, NEW CONTRACT, SALES & NET INCOME

2008 - 2016F

2008 2009 2010 2011 2012 2013 2014 2015 2016F

19,385 13,620 12,463 11,885 9,905 7,742 6,023 6,591 6,559 52,260 25,222 17,632 17,731 17,125 13,568 10,223 10,251 8,961 86,003 48,523 41,416 38,267 33,718 26,591 20,839 17,907 14,590

Order Book New Contract Sales Net Income

C A G R N e t I n c

  • m

e

21.69%

C A G R S a l e s

14.52%

28

156 189 285 354 479 570 608 625 750

(stated in Billion IDR)

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Spirit of Innovation 29

  • NEW CONTRACT AND CARRY OVER

ORDER BOOK

FY2014 41,416.33 FY2015 48,523.24 FY2016F 86,003.03

FY2016F

FY2014 FY2015 FY2016

7.68% 20.61% 55.68% 16.04%

17,631.94

FY2014 FY2015 FY2016F

3.66% 31.93% 58.02% 6.39%

23,784.39

Industry Infra & Building Energy & Industrial Plant Property & realty

NEW CONTRACT CARRY OVER

25,221.76

5.46% 4.10% 75.64% 14.80%

23,301.49

1.92% 29.23% 64.74% 4.11%

52,259.96 33,743.07

4.52% 13.87% 72.46% 9.14% 2.60% 22.66% 68.92% 5.82%

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PT WIJAYA KARYA (Persero) Tbk.

30

NEW CONTRACT BASED ON SCOPE OF WORK ( 2016F)

Industrial Plant Precast Building Property Toll, Road&Bridges Port, Irrigation, DAM Manufacture&Constr Bitumen Power Plant

4,468.6 107 1,045 4,549 26,307 2,363 5,880 3,625 3,914

FY2016F

NEW CONTRACT

FY2016F 52,259.96

7.49% 6.94% 34.82% 11.25% 4.52% 50.34% 8.70% 1.99% 8.55% 0.20%

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PT WIJAYA KARYA (Persero) Tbk.

31

NEW CONTRACT BASED ON PROJECT OWNER

34.82% 50.09%

2010 2011 2012 2013 2014 2015 2016F 31.6% 28.2% 40.2% 51.0% 30.6% 18.4% 55.7% 29% 15.3%

Private SOE Government

63.42% 15.85% 20.73% 39.69% 42.54% 17.77%

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Spirit of Innovation |

1750 3500 5250 7000

2012 2013 2014 2015 2016F

Subsidiaries Fixed Asset Business Development Capital Placement

32

1,045.9 691.4 753.8

CAPITAL EXPENDITURE 2016F

6,980.62 927.15

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Spirit of Innovation | 33

CAPITAL EXPENDITURE 2016F

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BOARD GUIDANCE#5

PT WIJAYA KARYA (Persero) Tbk.

34

IR’s UPDATE

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Spirit of Innovation

N umber o f O ut st anding Sh ar es (as o f J anuar y 31

st, 201

6

6.1 49.225.000

35

SHAREHOLDER’S STRUCTURE

Employees 1.09% Foreign 15.18% Indo Mutual Funds 5.86% Indo Corporates 9.43% Indonesian 3.39% Government 65.05%

2016

JANUARY

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SLIDE 36

36

FOREIGN OWNERSHIP WIKA SHARES 2007-1M2016

0% 5.5% 11% 16.5% 22% J a n M a y S e p J a n M a y S e p J a n M a y S e p J a n M a y S e p J a n M a y S e p J a n M a y S e p J a n M a y S e p t

1 5.59%

WIKA’s shares price WIKA’s foreign ownership

IDR 2.815

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Spirit of Innovation

Disclaimer

This material is for Information only, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be

  • illegal. The Information herein has been obtained from sources believed to be reliable, but we do not warrant that it is

accurate or complete, and it should not be relied upon as such. Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for the use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or redistributed to others without written permission of PT Wijaya Karya (Persero) Tbk.

37 For further information Please contact

Investor Relations PT Wijaya Karya (Persero) Tbk D.I Panjaitan Kav. 9 Jakarta 13340 Indonesia Phone: +62 21 8192808 Fax: +62 21 85911969 investor-relations@wika.co.id

  • IR contact