PT ASTRA INTERNATIONAL TBK First Quarter 2018 - Results Presentation

The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and are general background information about Astra Group business performances current as at the date of this presentation and are subject to change without prior notice. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account their particular investment objectives, financial situation or needs. Before acting on any information, readers should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, readers should seek independent financial advice. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Astra businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements; past performance is not a reliable indication of future performance. Astra does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Astra and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.

Disclaimer

1

2

Group Results For the year ended 31st March

2018 2017* Change

Net revenue (Rp bn) 55,822 48,780 14%

Net income (Rp bn)** 4,980 5,078 (2%)

Net earnings per share (Rp) 123 125 (2%)

As at 31st March 2018

As at 31st December 2017*

Change

Shareholders’ funds (Rp bn)*** 128,973 123,780 4%

Net asset value per share (Rp)*** 3,186 3,058 4%

* Restated due to implementation of PSAK No. 69 : Agriculture ** Net income is profit attributable to owners of the parent, i.e. Astra International shareholders. *** Shareholders' funds and net asset value per share are based on equity attributable to owners of the parent. The financial results for the three months ended 31st March 2018 and 2017 as well as the financial position as at 31st March 2018 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited. The financial position as at 31st December 2017 has been prepared in accordance with Indonesian Financial Accounting Standards and audited in accordance with the auditing standards established by the Indonesian Institute of Certified Public Accountants.

Net earnings per share

Rp123

2% 49% 73%

Auto Market Share Higher coal prices benefited heavy

equipment, mining contracting and mining

volumes

Highlights

Agribusiness net income down due to lower

prices

Business Structure

Automobile • Toyota • Daihatsu • Isuzu • BMW • Peugeot • UD Trucks

Other

Motorcycle •Honda

Component •Astra Otoparts

Others •AstraWorld

Automobile •Astra Credit

Companies •Toyota Astra

Finance

Motorcycle • Federal

International Finance

Heavy Equipment • Surya Artha

Nusantara Finance

• Komatsu Astra Finance

Banking • Permata Bank

Insurance • Asuransi Astra

Buana • Astra Life

Construction Machinery • United Tractors • Traktor Nusantara

Mining Contracting • Pamapersada Nusantara Coal Mining • Tuah Turangga Agung

Construction Industry • Acset Indonusa

Energy • Bhumi Jati Power

Palm Oil Plantation • Astra Agro Lestari Refineries • Tanjung Sarana Lestari • Kreasijaya Adhikarya • Tanjung Bina Lestari Commodity Trading • Astra-KLK Pte.Ltd

Cattle in Palm Oil Plantation • Agro Menara Rachmat

Toll Road • Marga Mandalasakti • Marga Harjaya Infrastruktur • Marga Trans Nusantara • Trans Marga Jateng • Trans Bumi Serbaraja • Lintas Marga Sedaya

Sea Port • Pelabuhan Penajam Banua Taka Logistics • Serasi Autoraya

Document Solution •Astra Graphia

IT Solution •Astra Graphia

Information Technology

Office Services Solution •Astragraphia Xprins

Indonesia

• Menara Astra • Brahmayasa Bahtera • Samadista Karya • Astra Land Indonesia • Astra Modern Land

Financial Services Heavy Equipment,

Mining, Construction and Energy

Agribusiness Infrastructure and Logistics

Information Technology

Automotive Property

Toyota 29%

Daihatsu 18% Isuzu

2%

Others 51%

Car

• Astra’s car market share decreased from 57% to 49%. • Astra’s motorcycle market share decreased from 77% to 73%. • Komatsu maintained its leading market position with 34% market share.

Source : Gaikindo

Honda 73%

Yamaha 24%

Suzuki 1%

Kawasaki 2%

Motorcycle

Source : AISI

Source: United Tractors – Internal Market Research

Heavy Equipment

4

Komatsu 34%

Caterpillar 16%

Hitachi 14%

Kobelco 16%

Others 20%

Market Position as at 31 March 2018

Feb ‘18 • The Group invested US$150 million for a minority stake in GO-JEK, Indonesia’s leading multi-platform technology group, which provides access to a wide range of services from transportation and payments to food delivery, logistics and other on-demand services.

5

Corporate Actions

Financial Performance

6

In Billion Rupiah 1Q18 1Q17* Change

IDR / USD, average 13,625 13,337 2%

Net Revenue 55,822 48,780 14%

Gross Profit 11,350 10,012 13%

Selling, General and Administrative Expenses

(5,346) (4,939) 8%

Other Income 404 383 5%

Share of Results of Joint Ventures and Associates

1,536 1,893 (19%)

Income Tax Expenses (1,610) (1,277) 26%

Non-controlling Interests (1,354) (994) 36%

Net Income 4,980 5,078 (2%)

“The Group is expected to continue benefiting from stable coal prices, but in the car market, competitive pressures are likely to intensify.” - Prijono Sugiarto, President Director -

7

Consolidated Income Statement

* Restated due to implementation of PSAK No. 69 : Agriculture

In Billion Rupiah 1Q18 1Q17 Change

Automotive 25,676 23,891 7%

Financial Services 4,680 4,505 4%

Heavy Equipment, Mining, Construction and Energy 18,972 13,602 39%

Agribusiness 4,446 4,491 (1%)

Infrastructure and Logistics 1,484 1,787 (17%)

Information Technology 559 502 11%

Property 5 2 150%

Total 55,822 48,780 14%

Divisional Net Income

In Billion Rupiah 1Q18 1Q17* Change

Automotive 2,109 2,288 (8%)

Financial Services 1,060 1,124 (6%)

Heavy Equipment, Mining, Construction and Energy 1,518 902 68%

Agribusiness 283 629 (55%)

Infrastructure and Logistics (23) 67 (134%)

Information Technology 27 26 4%

Property 6 42 (86%)

Total 4,980 5,078 (2%)

Divisional Net Revenue

8

Divisional Net Revenue and Net Income

* Restated due to implementation of PSAK No. 69 : Agriculture

• The net asset value per share was Rp3,186 at 31st March 2018, 4% higher than at the prior year end.

• Net debt, excluding the Group’s financial services subsidiaries, was Rp2.4 trillion compared with net cash of Rp2.7 trillion at 31st December 2017, due mainly to the Group’s toll road and GO-JEK investments and capital expenditure in its mining contracting business. The Group’s financial services subsidiaries had net debt of Rp44.8 trillion, compared with Rp46.1 trillion at the end of 2017.

In Billion Rupiah 31-Mar-18 31-Dec-17* Change

Cash and Cash Equivalents 32,304 31,574 2%

Trade Receivables 26,980 25,420 6%

Inventories 19,086 19,504 (2%)

Financing Receivables 62,822 63,252 (1%)

Investment in Joint Ventures and Associates 39,307 39,260 0% Fixed Assets 50,006 48,402 3%

Other Assets 75,839 68,418 11%

Total Assets 306,344 295,830 4%

Short-term Borrowings 16,999 16,321 4%

Trade Payables 28,170 29,468 (4%)

Long-term Debt 62,433 58,657 6%

Other Liabilities 35,539 34,879 2%

Total Liabilities 143,141 139,325 3%

Equity Attributable to the Owners of The Parent 128,973 123,780 4%

Non – controlling Interest 34,230 32,725 5%

Total Equity 163,203 156,505 4%

Net Debt (Cash) 47,128 43,404 9%

Net Debt (Cash) (Excl. Financial Services) 2,352 (2,654) (189%) 9

Consolidated Balance Sheet

* Restated due to implementation of PSAK No. 69 : Agriculture

In Billion Rupiah 1Q18 1Q17 Change

Cash generated from operations 6,270 4,845 1,425

Tax Payments (1,113) (809) (304)

Interest Received 380 380 -

Net Cash flow provided from Operating Activities 5,537 4,416 1,121

Dividend Received 2 39 (37)

Net Capex (3,458) (2,606) (852)

Net Investment (4,850) (5,682) 832

Other Investing (150) (102) (48)

Net Cash flow used in Investing Activities (8,456) (8,351) (105)

Net Proceeds of Debt 4,079 5,781 (1,702)

Finance Costs Paid (520) (539) 19

Dividend Payments (330) - (330)

Other Financing 275 (11) 286

Net Cash flow used in Financing Activities 3,504 5,231 (1,727)

Increase in Cash 585 1,296 (711)

Opening Cash Balance (incl. Bank Overdraft) 31,574 29,356 2,218

Exchange Rate Adjustment 145 (31) 176

Closing Cash Balance (incl. Bank Overdraft) 32,304 30,621 1,683

As at 31 March 2018, Astra’s consolidated closing cash balance (incl. bank overdraft) was Rp32.3 trillion.

10

Consolidated Cash Flow

Business Updates

11

Astra’s car sales were 10% higher at 421,000 units, resulting in an increase in market share from 50% to 54%.

Astra 141,952 / 48.6%

Astra 161,353/ 56.9%

Others 150,076 / 51.4%

Others 122,407/ 43.1%

4x2 & 4x4 159,708 / 54.7%

4x2 & 4x4

158,678/ 55.9%

Commercial 71,831 / 24.6% Commercial,

58,021/ 20.5%

LCGC 58,615 / 20.1% LCGC

64,411/ 22.7%

Toyota 84,931 / 29.1%

Toyota 107,611/ 37.9%

Daihatsu 51,607 / 17.7%

Daihatsu 49,730/ 17.6%

Isuzu, 5,395 / 1.8%

Isuzu, 4,005 / 1.4%

Other Brands 150,076 / 51.4%

Other Brands 122,407/ 43.1%

M/S 1Q18

Market Segment

Brand

M/S 1Q17

Market Segment

Brand

Sedan 2,650 / 0.9%

Sedan 1,874 / 0.6%

1Q18 1Q17

The wholesale market for cars grew by 3% at 292,000 units. Astra’s car sales, however, were 12% lower at 142,000 units, due to the impact of intense competition which resulted in a decline in market share from 57% to 49%.

3%

Source: Gaikindo 12

Automotive – Wholesale Car Market

283,760 292,028

Toyota Yaris February 2018

BMW 520i Luxury (NEW) January 2018

During first quarter 2018 , Astra launched 7 new models and 2 revamped models.

Daihatsu Sirion (NEW) February 2018

13

Lexus RX350L (NEW) March 2018

Peugeot 3008 SUV (NEW) March 2018

Isuzu Giga FVZ 34 (NEW) March 2018

Automotive – Car Product Launches

Honda 1,069,296

73.4%

Honda 1,073,184

76.6%

Yamaha 341,544 23.4%

Yamaha 285,668 20.4%

Kawasaki 2.2%

Suzuki 1.3%

Suzuki 1% Kawasaki 1.7%

Cub 69,938 6.6%

Cub 70,416 6.6%

Scooter 921,913 86.2%

Scooter 926,212 86.3%

Sport/Others 7.2%

Sport/Others 7.1%

Cub 69,938 71.1%

Cub 70,416 68.8%

Scooter 921,913 75.9%

Scooter 926,212

80%

Sport/Others 53.6% Sport/Others

53.9%

Cub 98,408 6.8%

Cub 102,334

7.3%

Scooter 1,214,733

83.3%

Scooter 1,157,241

82.6%

Sport/Others 9.9% Sport/Others

10.1%

Brand 1Q18

Honda Segment

Honda Product M/S

Segment

Brand 1Q17

Honda Segment

Honda Product M/S

Segment

Source: AISI

1Q18 1Q17

1,401,538 1,457,494

The wholesale market for motorcycles increased by 4% to 1.5 million units. Astra Honda Motor’s domestic sales were flat at 1.1 million units, mainly due to inventory management ahead of several key model launches, which resulted in its market share decreasing from 77% to 73%. 4%

14

Automotive – Wholesale Motorcycle Market

Honda CMX 500 Rebel March 2017

Honda BeAT Street January 2018

During first quarter 2018, Astra Honda Motor launched 1 new model and 5 revamped models.

15

Honda Scoopy February 2018

Honda Supra X 125 FI March 2018

Honda CB 150 Verza (New) February 2018

Honda CBR 150 R January 2018

Honda BeAT Sporty January 2018

Automotive – Motorcycle Product Launches

61

77

1Q18 1Q17

146 148

1Q18 1Q17

3,838 3,472

1Q18 1Q17

Astra Otoparts, the Group’s components business, reported net income 1% lower at Rp146 billion, despite an 11% increase in revenue. The decline in net income was mainly due to reduced contributions from its joint venture and associate companies, which were impacted by forex translation losses.

16

Net Income (Rp bio) Revenue (Rp bio)

11 % 1%

Share of Results of Joint Ventures and Associates (Rp bio)

(21%)

1Q18 1Q17 1Q18 1Q17 1Q18 1Q17

Automotive – Components

Net income from the Group’s financial services division decreased by 6% to Rp1.1 trillion, due to lower contribution from Permata Bank.

17

Financial Services

Permata Bank

* Average exchange rate USD/IDR: 13,625 (1Q18) & 13,337 (1Q17) **Tentative figure, waiting confirmation from OJK

Asuransi Astra Buana

• Higher net income by 15% to Rp247 billion.

• 1Q18 Gross Written Premium up by 9% YoY to Rp1.2 trillion.

• RBC: 228%** vs regulatory minimum of 120%.

Unit Financed 1Q18 1Q17 %

Auto

ACC 49,594 47,596 4

TAF 19,085 30,069 (38)

Total ACC & TAF 68,679 77,665 (12)

FIF (Incl.Electronics)’000 879 846 4

HE

SANF 190 167 14

KAF 105 130 (19)

Total HE 295 297 (1)

Amount Financed (Rp bio) 1Q18 1Q17 %

Auto

ACC 7,488 7,288 3

TAF 3,750 5,449 (31)

Total ACC & TAF 11,238 12,737 (12)

FIF (Incl.Electronics) 8,487 7,926 7

Total Auto 19,725 20,663 (5)

HE

SANF 267 655 (59)

KAF* 579 647 (11)

Total HE 846 1,302 (35)

• 1Q18 consolidated net income of Rp164 billion

(1Q17: consolidated net income of Rp453 billion, benefited from a one-off gain on the sale of non-performing loans).

• Loan book increased by 4% YoY to Rp100 trillion.

• LDR 89%, Total CAR 18%, and CET-1 ratio 15%.

• Gross and Net NPL were relatively stable at 4.6% and 1.7% respectively, with NPL coverage ratio of 194%.

26.5 25.1

Coal (mn tonnes)

207.0 169.7

Overburden (mn bcm)

2,593

1,900

Total Coal Sales (all in thousand tonnes)

8.4

3.8

New Contracts Secured (Rp tn)

18

6,862 4,792

7,954

6,299

3,460

2,082

734

506

Construction Machinery Mining Contracting

Mining Construction Industry

60% 41%

8%

20%

19%

24%

13%

15%

Mining Forestry Construction Agro

Mining Contracting

Coal Sales (incl. Trading) Komatsu Unit Sales

1,171

Revenue (Rp bio)

1Q18 1Q17 1Q18 1Q17

1Q18 1Q17 1Q18 1Q17

39%

Coal Production

6%

OB Removal

22%

36% 38%

United Tractors, which is 59.5%-owned, reported net income 69% higher at Rp2.5 trillion. The increase was mainly due to improved performances in its construction machinery and mining contracting businesses, as well as its mining operations, as a result of increased coal prices.

19,011

13,679

847

General Contractor New Contracts

2016

Heavy Equipment, Mining, Construction and Energy

2017

In 1Q18, Acset still has approximately Rp9.8 trillion outstanding contract works carried over from previous years.

124%

7,855 8,952 480

410

CPO & Derivatives Sales

19

388 387

CPO Production

0.88 0.96

2,744 3,015

1,703 1,475

Export

Local

Revenue (Rp bio)

CPO Production (‘K tonnes)

CPO Yield (tonne/Ha)

4,491

1Q18 1Q17

1% 8%

0%

4,446

1Q18 1Q17

1Q18 1Q17 1Q18 1Q17

17%

Astra Agro Lestari, which is 79.7%-owned, reported net income 55% lower at Rp355 billion, primarily due to lower crude palm oil prices. Achieved average crude palm oil prices were 12% lower at Rp7,855/kg, while sales of crude palm oil and its derivatives were 17% higher at 480,000 tonnes.

CPO & Derivatives Sales (‘K tonnes)

1Q18 1Q17

Agribusiness

Average CPO Price (Rp/Kg)

12%

22,629 23,474

50 37

253 221

SERA Vehicles under Contract (units)

MMS Toll Revenue (Rp bio)

1Q18 1Q17

1Q18 1Q17

4%

14%

Infrastructure and Logistics

39

3

MHI Toll Revenue (Rp bio)

1Q18 1Q17

296 286

LMS Toll Revenue (Rp bio)

1Q18 1Q17

4% 1,101% 1Q18 1Q17

TMJ Toll Revenue (Rp bio)

36%

Toll Road Concessions As at 31 March 2018

In Operation 269.0

Under Development 84.4

Total 353.4

20

The Group’s infrastructure and logistics division reported a net loss of Rp23 billion, compared with a net profit Rp67 billion in the first quarter of 2017, as results were affected by initial losses on the Cikopo-Palimanan toll road acquired in the first half of 2017.

Astra Toll Roads Portfolio (Km)

[72.5km] [116.8km] [72.6km]*

* 40.1km is in operation

[40.5km]

37% 1,543

25% 1,134

38% 113

AGDS AGIT AXI

54% 59%

38% 41%

8%

Astra Graphia Revenue (Rp bio)

1Q18 1Q17

630 578

9%

35

33

Astra Graphia Net Income (Rp bio)

1Q18 1Q17

5%

Astra Graphia, which is 76.9%-owned, reported net income higher at Rp35 billion due to higher revenues across all its business segments.

21

Information Technology

6

42

Net Income (Rp bio)

1Q18 1Q17

Arumaya, the Group’s 60%-held residential development project located in South Jakarta, commenced marketing in March 2018 and is scheduled for completion in 2022. 50%-owned Astra Land Indonesia, which owns 67% of Astra Modern Land, is in the process of developing a 67-hectare site in East Jakarta and has started marketing activities for the first two clusters of landed houses in the first quarter of 2018.

86%

The Group’s property division reported a net income of Rp6 billion compared to net income of Rp42 billion in the prior year. This was primarily due to lower development earnings recognised from its Anandamaya Residences project, reflecting lower percentage completion in the final stages of the project.

22

Property

Appendices

23

Models Launched Launching Period Engine Capacity Prices (Rp mio)

BMW 520i Luxury Jan’18 2,000cc 1,009*

Daihatsu Sirion Feb’18 1,300cc 182.5-193.5

Toyota Yaris Feb’18 1,500cc 235.4-275.9

Lexus RX 350L Mar’18 3,500cc 2,135

Peugeot 3008 Mar’18 1,600cc 697

Isuzu Giga FVR34 Mar’18 7,800cc 543-557

Isuzu Giga FVM34 Mar’18 7,800cc 648-675

Isuzu Giga FVZ34 Mar’18 7,800cc 820-833

Toyota Alphard Mar’18 2,500-3,500cc 925.2-1,773.4

24

Car Product Launches 2018

* Off the Road price

Models Launched Launching Period Engine Capacity Prices (Rp mio)

Honda BeAT Sporty Jan’18 110cc 15.2-15.4

Honda BeAT Street Jan’18 110cc 15.9

Honda CBR 150 R Jan’18 150cc 19.3-19.9

Honda CB 150 Verza Feb’18 150cc 32.9-33.7

Honda Scoopy Feb’18 110cc 17.8

Honda Supra X 125 FI Mar’18 125cc 17.1-18.1

25

Motorcycle Product Launches 2018

1Q18 1Q17 Major Brands

Wholesale Astra Wholesale Astra

Car

Non LCGC 233,455 43% 219,536 50% Toyota – Avanza, Innova, Fortuner; Honda – HR-V, Mobilio, BR-V, Daihatsu – Xenia, Terios, Gran Max

LCGC 58,573 71% 64,224 81% Astra Toyota – Calya, Agya; Astra Daihatsu – Sigra, Ayla; Honda - Brio Satya; Datsun - GO Panca; Suzuki - Karimun Wagon R

Total 292,028 49% 283,760 57%

Mo

torc

ycle

Cub 98,408 71% 102,334 69% Honda - Revo Series, Supra Series, Blade; Yamaha – Jupiter MX King, Jupiter ZX, Vega Force; Suzuki – Smash

Scooter 1,214,733 76% 1,157,241 80% Honda - BeAT, Vario, Scoopy; Yamaha - N-Max, Mio, Aerox; Suzuki – Address, Nex

Sport 144,353 54% 141,953 54% Honda - CB 150 R Street Fire, Verza, CBR 150R; Yamaha - V-ixion R - 15, Xabre, Byson; Suzuki - Satria F 150; Kawasaki – Ninja

Total 1,457,494 73% 1,401,538 77%

26

National Automotive Market Data

27

No Brokerage House Analyst Name Contact Number Email Address

1 Bahana Sekuritas Andri Ngaserin +62 21 250 5735 andri@bahana.co.id 2 BCA Sekuritas Aditya Eka Prakasa +62 21 23587222 aditya.prakasa@bcasekuritas.co.id 3 BoA Merrill Lynch Swati Chopra +65 6678 0405 swati.chopra@baml.com 4 Ciptadana Sekuritas Asia Arief Budiman +62 21 2557 4800 budimanarief@ciptadana.com 5 Citigroup Investment Research Ferry Wong +62 21 2924 9213 ferry.wong@citi.com 6 CLSA Indonesia Sarina Lesmina +62 21 2554 8820 sarina.lesmina@clsa.com 7 Credit Suisse Sekuritas Indonesia Jahanzeb Naseer +62 21 2553 7977 jahanzeb.naseer@credit-suisse.com 8 Danareksa Sekuritas Stefanus Darmagiri +62 21 2955 5831 stefanus.darmagiri@danareksa.com 9 DBS Vickers Maynard Priajaya Arif +62 21 3003 4900 maynard.arif@id.dbsvickers.com

10 Deutsche Verdhana Securities Joko Sogie +62 21 2964 4543 joko.sogie@db-gmresearch.com 11 Goldman Sachs Pramod Kumar +91 22 6616 9043 pramod.kumar@gs.com 12 HSBC Global Research Tarun Bhatnagar +65 6658 0614 tarunbhatnagar@hsbc.com.sg 13 Indo Premier Sekuritas Raditya Immanzah +62 21 5793 1168 raditya.immanzah@ipc.co.id 14 J.P. Morgan Securities Indonesia Aditya Srinath +65 6882 7138 aditya.s.srinath@jpmorgan.com 15 Kresna Securities Franky Rivan +62 21 2939 1900 franky.rivan@kresnasecurities.com 16 Macquarie Sekuritas Indonesia Robert Pranata +62 21 2598 8366 Robert.pranata@macquarie.com 17 Mandiri Sekuritas Ariyanto Kurniawan +62 21 5296 9682 ariyanto.kurniawan@mandirisek.co.id 18 Maybank Kim Eng Securities Isnaputra Iskandar +62 21 2557 1129 isnaputra.iskandar@maybank-ke.co.id 19 NH Korindo Sekuritas Arnold Sampeliling +62 21 797 6202 arnold@nhsec.co.id 20 Nomura Indonesia Elvira Tjandrawinata +62 21 2991 3341 elvira.tjandrawinata@nomura.com 21 Onix Capital Bagus Hananto +62 21 3190 1777 bagus.hananto@ocap.co.id 22 RHB Sekuritas Indonesia Andrey Wijaya +62 21 2598 6888 andrey.wijaya@id.oskgroup.com 23 Samuel Sekuritas Akhmad Nurcahyadi +62 21 2854 8144 akhmad.nurcahyadi@samuel.co.id 24 Sinarmas Sekuritas Evan Lie Hadiwidjaja +62 21 392 5550 evan.hadiwidjaja@sinarmassekuritas.co.id 25 Sucor Sekuritas Raditya Immanzah +62 21 8067 3164 raditya.immanzah@sucorsekuritas.com 26 Trimegah Securities Willinoy Sitorus +62 21 2924 9088 willinoy.sitorus@trimegah.com 27 UBS Securities Indonesia Ronald Liem +62 21 2554 7032 ronald.liem@ubs.com 28 UOB Kay Hian Securities Stevanus Juanda +62 21 2993 3845 stevanusjuanda@uobkayhian.com 29 Valbury Asia Securities Budi Rustanto +62 21 2553 3600 budi.rustanto@valbury.com 30 Yuanta Securities Indonesia Yusuf Ade Winoto +62 21 515 5890 yusuf.winoto@yuanta.co.id

Equity Research Contact Details

For further information please contact:

PT Astra International Tbk

Corporate Investor Relations

P: (+62 21) 652 2555

F: (+62 21) 6530 4953

E: investor@ai.astra.co.id

28