April 2015

Investor PresentationPT Jababeka Tbk

Disclaimer

The information contained in this presentation is strictly confidential for PT Kawasan Industri Jababeka Tbk. and its subsidiaries (together the Company) and is provided by the Company to you solely for your reference. Any reproduction, dissemination or onward transmission of this presentation or the information contained herein is strictly prohibited. By accepting delivery of this presentation you acknowledge and agree to comply with the foregoing restrictions.

The information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither the Company nor its management makes any representation regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors in or omissions from, any information contained herein.

This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, including in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Specifically, this presentation does not constitute a prospectus within the meaning of the Securities Act of 1933, as amended.

Overview of PT Jababeka Tbk

Section 1

Leading township developer & infrastructure powerhousePT Jababeka Tbk ("KIJA") is a leading township developer with an established track record in industry-based townships supported by residential and commercial components

with world class infrastructure to support its developments

Jababeka ("KIJA") overview Business segments

Established in 1989 and became the first publicly listed industrial estate developer in Indonesia in 1994 with current market cap of US$506m1

Kota Jababeka, KIJA's flagship development, is a mature industry-based integrated township in Cikarang with on-site power plant and dry port

Pipeline projects: Kendal Industrial Park in Central Java and tourism-based township in Tanjung Lesung, Banten

Large and strategically located land bank of 3,154 ha as of 31 Dec 2014

Note:1 As of 13 Apr 2015, Converted using exchange rate of 1USD = 13, 036 IDR2 Converted using exchange rate of 1USD = 12,440 IDR as of 31 Dec 20143 Others include golf and tourism

PT Jababeka Tbk

Real Estate Infrastructure

Industrial

Residential

Commercial

Power

Infrastructure

Dry Port

2014 revenue breakdown (%)

2014 gross profit breakdown (%)

3

Real estate and others343%

Power plant45%

Service and maintenance12%

Real estate and others372%

Power plant12%

Service and maintenance16%

Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life

2014 revenue = IDR 2,799bn (~US$225m2)

2014 gross profit = IDR 1,252bn (~US$101m2)

Established track record in large-scale industrial estate + infrastructure

1989

19941996

2001

2003

2010

2011

2012

Jababeka Group established and started development of the industrial estate

IPO on Jakarta and Surabaya Stock Exchange

Acquisition of Menara Batavia in Jakarta CBD

Acquisition of 1,000 ha industrial land in Cilegon, Banten (fully divested in 2013)

Inauguration of Education Park, including President University

Commenced development of Jababeka CBD

Cikarang Dry Port begins operations

Acquisition of 1,500 ha land in TajungLesung, Banten

Bekasi Power Plant commenced operations

Entered into a JV with Sembcorpto develop Kendal Industrial Park in Central Java and commenced land acquisition

Selected awards

Supply Chain Asia Awards 2014 Asia Logistics Centre/Park of the

Year (Cikarang Dry Port)

#1

Frontier Consulting Group Award 2014 #1 Corporate Image Industrial Estate

Fortune Indonesia - 2013#10 in 50 Fastest Growing Companies in Indonesia

Ministry of Industry - 2013 Best infrastructure & facilities among industrial developers

Fortune Indonesia - 2012Best Company award

#1

Investor Magazine - 2012Top 10 Best performing

listed companies and Best listed company in

property

More than 25 years track record in industrial township development

4

2013

Sizeable land bank in strategic locations with upside potential

Tanjung LesungMaster plan: 1,545 hectares170km southwest of JakartaLand Bank: 1,545ha(1)

Karawang

Kendal, Central JavaMaster plan: 2,700 hectares450km east of JakartaLand Bank: 406ha(1)

**NEW**

Kota Jababeka CikarangMaster plan: 5,600 hectares35km east of JakartaLand Bank: 1,203ha(1)

Note:

1 Landbank as at 31 December 2014

5

Why Jababeka?

Section 2

Why Jababeka?

1 Leading industry-based integrated township developer in Indonesia

Diversified land bank and projects providing a visible pipeline for growth

Stable, USD-denominated recurring income from infrastructure operations

Robust operating and financial performance

Clear strategic focus over different time frames

2

3

4

5

6

The ONLY industrial developer with on-site power and dry port

Experienced management team7

Beneficiary of favorable macro and sector fundamentals8

7

Kota Jababeka Flagship industry-based integrated townshipKota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport

and is home to over 1,600 local and multinational customers from over 20 countries

B C DDistance to key landmarks (km)

DKI JAKARTA

Toll RoadFuture Toll Road

Soekarno-Hatta

International Airport

TajungPriok Port

Tangerang

South Tangerang

Bekasi

Kota Jababeka

(in km)Distance from Kota Jababeka

Jakarta CBD 35

Seaport 55

Airport 65

1

2

3

4

Strategically located in Cikarang area, the most established industrial estate zone in Greater Jakarta

Heavy industries & Petrochemicals

Automotive, Consumer, Light to medium industries

Close to central Jakarta, sea-port, airport and accessible by both toll and railroads

Mature township with a well-established talent/labor pool supported by complementary facilities (residential, commercial, hospitality, etc)

Demand for industrial land remains robust, particularly for smaller, more high value land plots (mostly with buildings)5

Superior infrastructure facilities which serve to enhance Kota Jababeka's competitive positioning for customers

1

8

Kota Jababeka Anchored by a blue-chip customer base The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities

Portfolio of high quality customersDiverse mix of occupants across sectors (breakdown by number of occupants) As of 31 Dec 2014

1

9

Electronics12%

Customer Goods7%

Machinery7%

Automotive6%

Chemicals6%

Plastics6%

Foods4%

Metal Fabrication4%

Building3%

Textile2%

Others44%

Elvis Tower

Kota Jababeka Continued build-out of complementary facilitiesKota Jababeka has successfully achieved a critical mass of occupants which provides an opportunity to continue introducing complementary services and infrastructure to enhance the township's value proposition

Residential

Mixed-use superblock developments within Kota Jababeka

Commercial

Housing clusters High-rise residence

Senior housing

DJavaResidence

The Veranda TropikanaGarden

SimprugGarden

Senior Living @ DKhayangan

Sentra NiagaSquare

Simprug Plaza

Phase 1 70%

30%

Partnered with Plaza Indonesia to develop superblocks

Mixed use superblock on a 12-ha site

Construction to commence in 2015 summer; target completion in 2018

Phase 2

1

10

30% 70%

Phase 2 to be developed on a 4-ha site

Enhancing Kota Jababeka's value proposition: Bekasi Power PlantKota Jababeka township is the only industrial estate in Cikarang with a dedicated power plant

Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia

Integrated Power Generation & Distribution Process

PLN

Factories

100% output to PLN

Buy back from PLN (+16% margin)

1

2

Direct sale to factories(+ margin)

3

Key highlights of operations at Bekasi Power Plant

130MW gas fired combined cycle plant

20 year 100% off-take agreement from Perusahaan Listrik Negara (PLN)

Rate per KWH: ~US$11 cents

Average gas cost / MMBTU: ~US$10.0

Fuel costs borne by PLN on a pass-through basis

Fully contracted gas supply

Flexibility to buy back power and resell it at a premium

Bekasi Power Plant's operations have ramped up since opening in 2013 and efficiency continues to improve, leading to higher margins

USD m1

9.8%

14.3%

0.0%

4.0%

8.0%

12.0%

16.0%

2013 2014

EBITDA margin (%)

2

11

85

8

102

15

0

50

100

150

Revenues EBITDA

2013 2014

Notes:1 Converted using exchange rate of 1USD = 12,440 IDR as of 31 Dec 2014

3,334 5,995

25,808

37,507

0

10,000

20,000

30,000

40,000

2011 2012 2013 2014

Enhancing Kota Jababeka's value proposition: Cikarang Dry PortCikarang Dry Port (CDP) is the first and only integrated customs and service estate in Indonesia

allowing customers to more efficiently manage their imports and exports and benefit from cost savings

Strong momentum in CDP operationsOverview

Minimal capex needs required as CDP has throughput capacity of up to 250k TEU

In April 2011, CDP became an official port of origin and destination with an international port code, IDJBK

Adjacent to the main railway line that runs from west Java to east Java for domestic distribution

Upside potential from direct rail connection to Tanjung Priokport

The dry port can also service occupants outside of Kota Jababeka

0.7 1.2

5.0 6.3

0.0

2.0

4.0

6.0

8.0

2011 2012 2013 2014

Revenues (USD m)1

Notes:1 Converted using exchange rate of 1USD = 12,440 IDR as of 31 Dec 2014

Throughput (TEU)

2

12

Selected customer profile at Cikarang Dry Port

Enhancing Kota Jababeka's value proposition: Cikarang Dry PortFacilities & services offered at Cikarang Dry Port

2

13

Port: Customs Quarantine Physical Check Container Yard Reefer Plugs CFS

Logistics Park Warehouses TPP

Railway

Empty Depot

Gate

CYPhysical Check

CFS

Reefer

Office

Container Yard Reefer Services Terminal Operation 24/7

Bonded Trucking Container Freight Station

Rail Freight Service 24/7 Security

General Warehouse

Special Containers Handling Integrated Customs & Quarantine Empty Container Depot Online Tracking & INSW Connected

International Port Code: IDJBKSurrounded by 11 Industrial Estates and more than 3,000 manufacturing companies

JABABEKA

MM 2100

EJIP LIPPO

HYUNDAI SURYA CIPTA

KIKCKIM

KBI

KIIC

GIIC

Enhancing Kota Jababeka's value proposition: Cikarang Dry Port2Strategic location in the heart of the largest manufacturing zone along the Bekasi-Cikampek industrial corridor

62%1

Notes:1 Estimated % of total throughput at Tanjung Priok Port originating from this area 14

3 5

17

28

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2011 2012 2013 2014

15 19

108

134

0.0

40.0

80.0

120.0

160.0

2011 2012 2013 2014

Sizeable and stable USD-denominated recurring income baseThe provision of these infrastructure services has enabled the progressive build out of a significant recurring revenue base

based on USD pricing terms, further enhancing stability and visibility of cash flows for Jababeka and also providing a natural hedge for its USD-denominated interest expenses

Recurring revenue (USD m)1

Recurring EBITDA (USD m)1

Notes:1 Recurring revenue/EBITDA includes contribution from power plant, dry port and service & maintenance fees2 Comprises real estate, golf and other non-infrastructure segments

3

15

Recurring(1)

Real Estate(2)

2013

USD 220 million2012

USD 113 million

2014

USD 92 million

USD 225 million

Total Revenue & Breakdown

2011

Converted using 1USD = 12,440 IDR as of 31 Dec 2014

Diversified land bank/projects with upside potentialA geographically diversified land bank allows KIJA to capture different market segments and enhances earnings resilience

in addition to benefiting from future infrastructure developments across its land bank locations

Township Location Total licensed area1Acquired land

bank

Kota Jababeka Cikarang 3,628 1,203

Kendal Industrial Park Central Java 2,200 406

Tanjung Lesung Banten 1,977 1,545

Total 7,805 3,154

Land bank breakdown by location as of 31 Dec 2014 (in hectares)

Established MNCs and domestic companies willing to pay a premium for strategic location and mature township with top notch infrastructure in place

More cost-conscious customers looking for an alternative to Greater Jakarta industrial estates

Tourism, leisure and hospitality focused integrated township to tap into entertainment/leisure spending by rising middle class in Indonesia

16

4

Kota Jababeka

Kendal Industrial Park

Tanjung Lesung

Kota Jababeka 38%

Kendal Industrial Park13%

Tanjung Lesung 49%

Notes:1 As of 30 June 2014

Breakdown of acquired land bank as of 31 Dec 2014

218 185 174 159 133

0

100

200

300

Bekasi Karawang Bogor Tangerang Serang

Visible pipeline for growth: Kendal Industrial ParkOur Kendal Industrial Park development in Central Java is well-positioned to benefit from growing demand for relatively low cost industrial estates with good connectivity and competitive labor costs

Why Central Java?

Affordable land prices relative to Greater Jakarta

industrial estates

Relative low wages

Less congested infrastructure

Source: Colliers Indonesia Research 4Q 2014, converted using 1USD =12,245 IDR

A

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Avg. Greater JKT industrial land price: US$174/sqm

1.1 1.2

1.9 2.7

1.72.7

0.0

1.0

2.0

3.0

Central Java East Java West Java Jakarta

(Semarang)

(Surabaya)

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Source: Wageindicator.org

Kendal Industrial Park is situated along the Jakarta-Semarang-Surabaya Economic Corridor

Increasing traffic congestion at Tanjung Priok Port in Jakarta has led to growing interest in alternative sites with good connectivity via air and sea

Kendal Industrial Park's location provides access to Tanjung Emas Port in Semarang (25km away), the 3rd largest deep sea port in Indonesia after Tanjung Priok (Jakarta) and Tanjung Perak (Surabaya)

Ahmad Yani International Airport at Semarang is also only 20km away

17

4

Visible pipeline for growth: Kendal Industrial ParkKendal Industrial Park benefits from Sembcorp's expertise in developing and marketing industrial zones across Asia (China, Vietnam, Batam, Bintan, etc)

and complemented by KIJA's long track record andexperience in Indonesian industrial estate developments and infrastructure operations

Distance from Kendal Industrial Park

Tanjung Emas Int'l Seaport 25 kmAhmad Yani Int'l Airport 20 kmSemarang City (provincial capital) 21 km

Semarang

Tanjung EmasSeaport

Ahmad YaniInt'l Airport

Kendal Port

Excellent connectivity to major infrastructure in Central Java

49% 51%

Kendal Industrial Park is a JV between KIJA and Sembcorp

Total planned area: up to 2,700 haPhase 1: 860 ha (406 ha acquired as of 31 Dec 2014)

4

18

Visible pipeline for growth: Kendal Industrial Park4

19

Visible pipeline for growth: Tanjung LesungVision for Tanjung Lesung: 1st class international resort destination

with plans for a water-front residential community and a championship golf course as the township matures

Strong government support for development of Tanjung LesungTanjung Lesung overview

President Joko Widodo targets the development of the Tanjung Lesung special tourism economic area to complete in three years.. President Widodo said he set the three year deadline in line with construction time of the Serang-Panimbang toll road. President Widodo said the toll road will be built by the government.

Indonesia Finance Today23 Feb 2015

Included in the Master Plan for Acceleration and Expansion of Indonesian Economic Development (MP3EI)

Infrastructure development pipeline which will improve access for Tanjung Lesung:

New toll road from Serang Timur to Panimbang

Location

Concept

Access

~ 170 km southwest of Jakarta in Banten

Tourism-based integrated township (hotels, apartments, sailing, diving & beach clubs)

Currently accessible by toll road from Jakarta in~ 3.5 hours

4

20

Recent events at Tanjung Lesung

President Joko Widodo speaking on Tanjung Lesungsdesignation as Special Economic Zone for Tourism

Visible pipeline for growth: Tanjung Lesung4

21

Visible pipeline for growth: Tanjung Lesung

Beach at Tanjung Lesung

Villa at Tanjung Lesung

4

22

Aerial view

Aerial view

Clear strategic focusJababeka's existing pipeline provides multiple growth opportunities over different time frames

Short Term Medium Term

Long Term Vision

Short-term focus will be to continue build-out of Kota Jababeka Township:

Target fast growing, low-middle end residential & commercial segment

Cater to preference for smaller land plots, standard factory buildings

Further improvement in operational efficiency at Bekasi Power Plant

Increase utilization rates at Cikarang Dry Port

Development of Kendal Industrial Park in partnership with Sembcorp in central Java

Development of Bekasi Power Plant Phase 2 on vacant site adjacent to existing facility

Ongoing discussions with PLN; to commence only upon securing off-take agreement with PLN similar to existing power plant

Development of Tanjung Lesung tourism-based township

Replicate Kota Jababeka's industry-based integrated township model throughout Indonesia

Build out an infrastructure facility portfolio (power, water, ports, etc.) to support these new townships

5

23

889

675

467 457

147

303 555 564

0

200

400

600

800

1,000

1,200

2011 2012 2013 2014

Industrial Residential/Commercial

Strong operational metrics

Marketing sales (IDR bn)

1,036

Average industrial land selling price (IDR '000/sqm)

9781,022

6

24

1,021

923

1,388

1,564

2,668

0

500

1,000

1,500

2,000

2,500

3,000

2011 2012 2013 2014

26 31

8

32

0

10

20

30

40

2011 2012 2013 2014

15 19

108 134 77 93

112 91

0

50

100

150

200

250

2011 2012 2013 2014Real estate revenues (USD m) Recurring revenues (USD m)

and financial performanceRevenue breakdown (USD m)1 Gross profit (USD m)1 and Gross profit margin (%)

EBITDA (USD m)1 and EBITDA margin (%) Net income (USD m)1

92113

220 225

2

Notes:1 Converted using 1USD = 12,440 IDR as at 31 Dec 20142 FY2013 includes unrealised foreign exchange loss (non cash) of approximately USD34.5m equivalent

6

25

49

69

94 101

53%

61%

43% 45%

0%

20%

40%

60%

80%

0

20

40

60

80

100

120

2011 2012 2013 2014Gross profit Gross profit margin

40

57

79 91

43%

51%

36%40%

0%

20%

40%

60%

0

20

40

60

80

100

2011 2012 2013 2014

EBITDA EBITDA margin

Robust balance sheet positionAssets and cash (USD m)1 Debt, Equity (USD m)1 and Debt/Equity

EBITDA/Interest expense (x)2 Net debt/EBITDA (x)

Notes:1 Converted using 1USD = 12,440 IDR as at 31 Dec 20142 Includes capitalized interest

6

26

450

569 664 684

10 19 48 48

0

200

400

600

800

2011 2012 2013 2014Total assets Cash and cash equivalents

120 168

207 217

281 320

336

375

0.43 0.52

0.61

0.58

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0

100

200

300

400

2011 2012 2013 2014Total debt Total equity Debt/Equity

3.0 3.1 3.7 3.8

0.0

1.0

2.0

3.0

4.0

5.0

2011 2012 2013 2014

2.8 2.6

2.0 1.9

0.0

1.0

2.0

3.0

2011 2012 2013 2014

Experienced management teamAverage of 20 years of industrial township development experience

Board of Commissioners

Board of Directors

Bacelius Ruru

President Commissioner

Roy Edu Tirtadji

Independent Commissioner

Hadi Rahardja

Commissioner (Founder)

Gan Michael

Commissioner

Setyono Djuandi Darmono

President Director (Founder)

T. Budianto Liman

Vice President Director

Hyanto Wihadhi

Director

Sutedja Sidarta Darmono

Director

Tjahjadi Rahardja

Director

7

27

Favorable macro and sector fundamentalsStrong real GDP growth outlook (%) Youthful population and a growing middle class driving consumption

80

120

180

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Indonesia China India Brazil2052

2036

20322016

Indonesia's working age population will only peak in 2036

140

160

100

Working age population indexed: 2000 = 100

Greater Jakarta average industrial land prices (USD/sqm)

Source: Broker research reports, Bloomberg, UN Population Database, ING Real Estate Research & Strategy, A.T.Kearney, Euromonitor, UN

Sizeable domestic market size world's 4th largest population

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0

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2008 2009 2010 2011 2012 2013 2014

Source: Colliers Indonesia International research

Source: Broker research reports

4.7

6.4 6.2 6.0 5.6

5.0 5.2 5.6 5.8

0.0

2.0

4.0

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2009 2010 2011 2012 2013 2014 2015F 2016F 2017F

Source: Statistics Indonesia, EIU

8

28

Thank You