PT ASTRA INTERNATIONAL TBK

Full Year 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

21,673

2

* Restated due to implementation of PSAK No. 69: Agriculture The financial results for the year ended 31st December 2018 and 2017 as well as the financial position as at 31st December 2018 and 2017 have 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

Rp535

15% 51% 75%

Auto Market Share Improved earnings

contribution from financial services

Highlights

Net revenue

(Rp bn)

239,205 2018

2017 16%

Gro

up R

esul

ts

For t

he y

ear e

nded

31s

t De

cem

ber

206,057

15%

15%

11%

11%

2018

2017 18,847

2018

2017

Net income

(Rp bn)

Net earnings per share (Rp)

535

466

Shareholder’s funds

(Rp bn)

Net asset value per share (Rp)

Gro

up R

esul

ts

As a

t 31

st D

ecem

ber 2018 136,947

2017 123,780

2018

2017

3,383

3,058

Higher coal prices benefit heavy equipment,

mining contracting and mining revenue

Lower crude palm oil prices

adversely impact agribusiness

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

Mobile Lending Fintech • Astra WeLab

Digital Arta

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 Mining • Tuah Turangga Agung • Agincourt Resources Construction Industry • Acset Indonusa

Energy • Bhumi Jati Power

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

Cattle in Palm Oil Plantation

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

Honda 75%

Others 25%

Motorcycle

Toyota 31%

Daihatsu 18% Isuzu

2%

Others 49%

Car

• Astra’s car market share decreased from 54% to 51%. • Astra’s motorcycle market share maintained at 75%. • Komatsu heavy equipment market share increased from 35% to 36%.

Source : Gaikindo Source : AISI

Source: United Tractors – Internal Market Research

Heavy Equipment

Market Position as at 31 December 2018

Komatsu 36%

Caterpillar 19%

Hitachi 15%

Kobelco 12%

Sumitomo 5%

Others 13%

4

Feb ‘18 • The Group invested US$150 million for a minority stake in GOJEK, 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

May‘18 • Permata Bank divested its 25% shareholding in Astra Sedaya Finance to the Group for Rp2.8 trillion, in order to strengthen the bank’s capital position and maximize its capital allocation for lending.

Apr‘18 • 50%-owned Astra Land Indonesia purchased a 3-hectare site in Jakarta’s Central Business District, for residential and commercial development.

Corporate Actions

Sep‘18 • Astra (through its subsidiary, Sedaya Multi Investama) and WeLab, a leading technology enabler for consumer lending in China established Astra WeLab Digital Arta, 60%-owned by the Group, to offer mobile lending products to retail consumers and provide financial technology solutions to enterprise customers in Indonesia.

Dec ‘18 • United Tractors, through Danusa Tambang Nusantara, completed the acquisition of a 95% stake in Agincourt Resources (owner of the Martabe gold mine concession), for approximately US$1.0 billion.

6

Financial Performance

7

In Billion Rupiah 2018 2017* Change

USD / IDR, average (full rupiah) 14,267 13,398 6%

Net Revenue 239,205 206,057 16%

Gross Profit 50,769 42,368 20%

Selling, General and Administrative Expenses (23,901) (22,042) 8%

Finance Costs - net (1,246) (60) 1,977%

Foreign Exchange Losses - net (87) (9) 867%

Other Income - net 2,424 2,186 11%

Share of Results of Joint Ventures and Associates 7,036 6,694 5%

Income Tax Expenses (7,623) (6,016) 27%

Non-controlling Interests (5,699) (4,274) 33%

Net Income 21,673 18,847 15%

Consolidated Income Statement

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

8

“The Group achieved satisfactory results in 2018 but 2019 is likely to be a more challenging year, owing to macro economic uncertainties, the highly competitive car market and lower commodity prices.” - Prijono Sugiarto, President Director -

3% 1% 5% 8%

31% 24%

22% 20%

39% 47%

2018 2017*

Divisional Net Income

Divisional Net Revenue

9

Divisional Net Revenue and Net Income

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

5% 5% 8% 9%

35% 31%

8% 9%

44% 46%

2018 2017

16% 239,205 206,057

15% 21,673 18,847*

Automotive

Financial Services

Heavy Equipment, Mining, Construction & Energy

Agribusiness

Others (Infrastructure & Logistics, IT and Property)

• The net asset value per share was Rp3,383 as at 31st December 2018, 11% higher than at the end of 2017.

• Net debt, excluding the Group’s financial services subsidiaries, was Rp13.0 trillion at the end of 2018, down from a net cash position of Rp2.7 trillion at the end of 2017, due mainly to the Group’s investments in its toll road businesses, a gold mining concession and GOJEK. The Group’s financial services subsidiaries had net debt of Rp47.7 trillion, compared with Rp46.1 trillion at the end of 2017.

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

Cash and Cash Equivalents 25,193 31,574 (20%) Trade Receivables 31,226 25,420 23% Inventories 30,622 22,648 35% Financing Receivables 65,907 63,252 4% Investment in Joint Ventures and Associates 40,358 39,260 3% Fixed Assets 57,733 48,402 19% Other Assets 93,672 65,274 44% Total Assets 344,711 295,830 17% Short-term Borrowings 19,588 16,321 20% Trade Payables 42,263 29,468 43% Long-term Debt 66,326 58,657 13% Other Liabilities 42,171 34,879 21% Total Liabilities 170,348 139,325 22% Equity Attributable to the Owners of The Parent 136,947 123,780 11% Non – controlling Interests 37,416 32,725 14% Total Equity 174,363 156,505 11% Net Debt (Cash) 60,721 43,404 40% Net Debt (Cash) (Excl. Financial Services) 13,040 (2,654) N/A

10

Consolidated Balance Sheet

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

In Billion Rupiah 2018 2017 Change Cash generated from operations 33,119 26,976 6,143 Tax Payments (7,044) (5,390) (1,654) Interest Received 1,617 1,699 (82) Net Cash flows provided from Operating Activities 27,692 23,285 4,407 Dividend Received 7,021 7,033 (12) Net Investment (21,179) (9,356) (11,823) Net Capex (14,029) (11,816) (2,213) Other Investing (1,544) (802) (742) Net Cash flows used in Investing Activities (29,731) (14,941) (14,790) Net Proceeds of Debt 8,900 3,560 5,340 Finance Costs Paid (1,723) (2,017) 294 Dividend Payments (10,197) (8,587) (1,610) Other Financing (1,853) 860 (2,713) Net Cash flows used in Financing Activities (4,873) (6,184) 1,311 (Decrease) / Increase in Cash (6,912) 2,160 (9,072) Opening Cash Balance (incl. Bank Overdraft) 31,574 29,356 2,218 Exchange Rate Adjustment 279 58 221 Closing Cash Balance (incl. Bank Overdraft) 24,941 31,574 (6,633)

As at 31 December 2018, Astra’s consolidated closing cash balance (incl. bank overdraft) was Rp24.9 trillion.

11

Consolidated Cash Flow

Business Update

12

Segment 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Sedan 5% 4% 3% 3% 3% 2% 2% 1% 1% 1%

4x2 & 4x4 69% 67% 64% 67% 65% 57% 54% 58% 55% 55%

Commercial 26% 29% 33% 30% 28% 27% 28% 19% 22% 24%

LCGC 0% 0% 0% 0% 4% 14% 16% 22% 22% 20%

281 427 483

605 655 614 510 589 579 582 205

338 411

511 575 594

503 474 501 569

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Astra Others

Lehman Crisis (↓20%)

LTV Policy (↑25%) In thousand units

In 2018, car sales increased slightly, driven by increased commercial vehicle sales.

13

1,116

894 765

486

1,151

Source: Gaikindo

1,230 1,208

1,013

Weak GDP of 4.79% (↓16%)

1,063 1,080

Domestic Wholesale Car Market

Improved GDP of 5.17% (↑7%)

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

Astra 582,446 / 50.6%

Astra 579,114 / 53.6%

Others 568,838 / 49.4% Others

500,772 / 46.4%

4x2 & 4x4 630,987 / 54.8%

4x2 & 4x4

597,624 / 55.4%

Commercial 281,040 / 24.4% Commercial

238,547 / 22.1%

LCGC 232,565 / 20.2% LCGC

234,554 / 21.7%

Toyota & Lexus 353,471 / 30.7%

Toyota & Lexus 372,614 / 34.5%

Daihatsu 202,738 / 17.6%

Daihatsu 186,381 / 17.3%

Isuzu, 26,098 / 2.3% Isuzu, 20,085 / 1.9%

Other Brands 568,967 / 49.4% Other Brands

500,772 / 46.4%

M/S 2018

Market Segment

Brand

M/S 2017

Market Segment

Brand

Sedan 9,161 / 0.8%

Sedan 6,821 / 0.6%

2018 2017

The wholesale market for cars was 7% higher in 2018 at 1.15 million units. Astra’s car sales were 1% higher at 582,000 units but increased competition resulted in a decline in market share from 54% to 51%.

7%

Source: Gaikindo 14

Automotive – Wholesale Car Market

1,079,886 1,151,413

Toyota C-HR (NEW) April 2018

Daihatsu Sirion (NEW) February 2018

In 2018, Astra launched 18 new models and 7 revamped models.

Peugeot 3008 SUV (NEW) March 2018

15

Isuzu Traga (NEW) May 2018

Lexus UX (NEW) August 2018

BMW X2 sDrive18i M Sport X (NEW) October 2018

Automotive – Car Product Launches

2,701 3,416

4,274 4,089 4,697 5,051

4,454 4,381 4,386 4,759

3,151

3,957

3,739 2,975

3,047 2,816

2,026 1,550 1,500

1,624

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Astra (i.e. Honda) Others

In thousand units

Wholesale market for motorcycles increased by 8% to 6.4 million units in 2018.

16

7,373

5,852 6,383

8,013

7,064 Lehman Crisis

(↓6%)

Source: AISI

7,867 7,744

LTV Policy (↓12%)

6,480

Weak GDP of 4.79% (↓18%)

5,931 5,886

Domestic Wholesale Motorcycle Market

Improved GDP of 5.17% (↑8%)

Honda 74.5%

Others 25.5%

5,886,103 units

Honda 74.6%

Others 25.4%

6,383,111 units

Source: AISI

2018 2017

The wholesale market for motorcycles increased by 8% to 6.4 million units. Astra Honda Motor’s domestic sales increased by 9% to 4.8 million units, with its market share stable at 75%.

8%

17

Automotive – Wholesale Motorcycle Market

Honda Vario 150 (NEW) April 2018

In 2018, Astra Honda Motor launched 6 new models and 19 revamped models.

18

Honda CB 150 Verza February 2018

Automotive – Motorcycle Product Launches

Honda GL 1800 Gold Wing (NEW) April 2018

Honda Super Cub 125 (NEW) August 2018

Honda Forza (NEW) August 2018

Honda PCX Electric (NEW) November 2018

479

335

611 551 15,356

13,550

Astra Otoparts, the Group’s automotive components business, reported net income 11% higher at Rp611 billion, with increased revenues from its original equipment manufacturing and replacement market segments.

19

Net Income (Rp bio) Revenue (Rp bio)

13% 11%

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

43%

2018 2017 2018 2017 2018 2017

Automotive – Components

Net income from the Group’s financial services division increased by 28% to Rp4.8 trillion, with improved contributions from its consumer finance, banking and general insurance businesses.

20

Financial Services

Permata Bank

* Unit financed includes electronics **Average exchange rate USD/IDR: 14,267 (2018) & 13,398 (2017) ***Tentative figure, awaiting confirmation from OJK

Asuransi Astra Buana • Higher net income by 4% to Rp1.0 trillion. • 2018 Gross Written Premium up by 3% YoY to

Rp4.6 trillion. • RBC: 238%*** vs regulatory minimum of 120%.

Unit Financed 2018 2017 %

Auto

ACC 170,592 177,694 (4)

TAF 82,106 107,676 (24)

Total ACC & TAF 252,698 285,370 (11)

FIF* (in thousand) 3,763 3,569 5

Total Auto 4,015,632 3,854,670 4

HE

SANF 1,143 975 17

KAF 530 578 (8)

Total HE 1,673 1,553 8

Amount Financed (Rp bio) 2018 2017 %

Auto

ACC 25,699 27,276 (6)

TAF 16,507 19,831 (17)

Total ACC & TAF 42,206 47,106 (10)

FIF 38,355 34,622 11

Total Auto 80,561 81,728 (1)

HE

SANF 1,812 3,004 (40)

KAF** 3,365 2,855 18

Total HE 5,177 5,858 (12%)

• 2018 net income of Rp901 billion (2017: net income of Rp748 billion) • Loan book increased by 9% YoY to Rp107 trillion • LDR 90%, Total CAR 19% • Gross and Net NPL at the end of December 2018 were

4.4% and 1.7% respectively (2017: 4.6% and 1.7% respectively)

3,111 5,404

8,467 6,202

4,203 3,513 2,124 2,181 3,788 4,878

3,533

6,377

8,893

8,219

6,049 5,354

3,788 4,663

7,035

8,672

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Others Komatsu

6,844

13,550

6,644

11,781

17,360

14,421

Market Share 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Komatsu 47% 46% 49% 43% 41% 40% 36% 32% 35% 36%

Caterpillar 21% 16% 18% 19% 19% 18% 22% 17% 18% 19%

Hitachi 18% 19% 15% 21% 21% 20% 18% 20% 15% 15%

Others 14% 19% 18% 17% 19% 22% 24% 31% 32% 30%

21

Heavy equipment market in 2018 improved significantly due to strong coal price (Newcastle index US$107.3 / tonne in 2018 vs US$88.5 / tonne in 2017).

In Units

Source: UT’s internal research

10,252 8,867

5,912

10,823

Heavy Equipment Market

979.4 800.8

Overburden Removal (mn bcm)

1.6

8.4

New Contracts Secured (Rp tn)

125.1 112.6

Coal Production (mn tonnes)

7,022 6,336

Total Coal Sales (all in thousand tonnes) 22

35% 38%

48% 46%

13%

11%

4%

5%

Construction Machinery Mining Contracting

Mining Construction Industry

51% 50%

10% 11%

24% 24%

15%

15%

Mining Forestry Construction Agro

Mining Contracting

Coal Sales (incl. Trading) Komatsu Unit Sales

4,878

Revenue (Rp bio)

2018 2017 2018 2017

2018 2017 2018 2017

31%

Coal Production

11%

OB Removal

22%

11% 29%

United Tractors, which is 59.5%-owned, reported net income of Rp11.1 trillion, 50% higher than the previous year, mainly due to improved performances in its construction machinery, mining contracting and mining operations, all of which benefited from strong coal prices.

84,625

64,559

3,788

General Contractor New Contracts

Heavy Equipment, Mining, Construction and Energy

2017 2018

80%

7,275 8,271 2,267

1,741

CPO & Derivatives Sales 23

1,937 1,634

CPO Production

4.23 3.96

59% 63%

41% 37% Export

Local

CPO Production (‘K tonnes)

2018 2017

10% 7%

19%

2018 2017

2018 2017 2018 2017

30%

Astra Agro Lestari, which is 79.7%-owned, reported a 27% decline in net income to Rp1.4 trillion, primarily due to the fall in crude palm oil prices, which were 12% lower at Rp7,275/kg compared with the average in 2017. This more than offset a 30% increase in crude palm oil and derivatives sales to 2.3 million tonnes.

CPO & Derivatives Sales (‘K tonnes)

2018 2017

Agribusiness

Average CPO Price (Rp/Kg)

12%

19,084 17,306

Revenue (Rp bio) CPO Productivity (tonne/Ha)

23,014 23,397

248 178

1,066 971

SERA Vehicles under Contract (units)

MMS Toll Revenue (Rp bio)

2018 2017

2018 2017

2%

10%

Infrastructure and Logistics

213

42

MHI Toll Revenue (Rp bio)

2018 2017

1,399 1,245

LMS Toll Revenue (Rp bio)

2018 2017

12% 407% 2018 2017

TMJ Toll Revenue (Rp bio)

39%

Toll Road As at 31 December 2018

In Operation 302.4

Under Construction 11.2

The Group’s infrastructure and logistics division reported a net income of Rp196 billion in 2018, compared to a net loss of Rp231 billion in the prior year. This was mainly due to improved earnings from the Tangerang-Merak toll road and Serasi Autoraya, as well as the inclusion in the prior year’s results of a one-off loss on the disposal of the Group’s 49% interest in PAM Lyonnaise Jaya.

Astra Toll Roads Portfolio (Km)

[72.5km] [116.8km] [72.6km] [40.5km]

24

40% 38%

29% 25%

31% 37%

Astra Graphia Document Solution

Astra Graphia Information Technology

Astragraphia Xprins Indonesia

Astra Graphia Revenue (Rp bio)

2018 2017

4,070 3,918 4%

270 257

Astra Graphia Net Income (Rp bio)

2018 2017

5%

Astra Graphia, which is 76.9%-owned, reported net income of Rp270 billion, 5% higher than the previous year as a result of increased revenue from its document and IT solutions businesses.

25

Information Technology

160

223

Net Income (Rp bio)

2018 2017

28%

The Group’s property division reported a 28% lower net profit at Rp160 billion, due mainly to reduced development earnings recognised from its Anandamaya Residences project as a result of lower percentage completion in its final stages of construction. The Group’s other projects include interests in Arumaya in South Jakarta and Asya in East Jakarta, both residential projects, and a 3-hectare residential and commercial development in Jakarta’s Central Business District.

26

Property

Appendices

27

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 SUV 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

Toyota C-HR Apr’18 1,800cc 488.7-490.2 Toyota Vios Apr’18 1,500cc 291.1-326 BMW X3 xDrive20i Luxury Apr’18 2,000cc 839* Isuzu Traga May'18 2,500cc 190

28

Car Product Launches 2018

* Off the Road price

Models Launched Launching Period Engine Capacity Prices (Rp mio) BMW X1 xDrive18i Dynamic Jun'18 1,500cc 609* BMW i8 Roadster Jun'18 1,500cc 3,969* BMW i8 Coupe Jun'18 1,500cc 3,559* BMW 530i Touring M Sport Aug'18 1,998cc 1,429*

BMW 6 series GT Aug'18 1,998cc 1,569*

Lexus ES Aug'18 2,487cc 1,150 Lexus UX Aug'18 1,987cc N/A Isuzu NMR81 T SHD Aug'18 4,788cc 342.6 Toyota Innova Aug'18 2,000cc-2,400cc 305.2-460.3 Toyota Fortuner Aug'18 2,400cc-2,700cc 471.9-663.9 BMW X2 sDrive18i M Sport X Oct’18 1,500cc 839* Lexus LX 570 Sport Oct’18 5,700cc 3,255

29

* Off the Road price

Car Product Launches 2018

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 32.9-33.7 Honda CB 150 Verza Feb’18 150cc 19.3-19.9 Honda Scoopy Feb’18 110cc 17.8 Honda Supra X 125 FI Mar’18 125cc 17.1-18.1 Honda GL1800 Gold Wing Apr'18 1,800cc 1,010 Honda Vario 150 Apr'18 150cc 22.5 Honda Vario 125 Apr'18 125cc 19.9 Honda CB500R Apr'18 500cc 144.9 Honda CB500F Apr'18 500cc 139.9 Honda CB500X Apr'18 500cc 148.9 Honda CB650F Apr'18 650cc 235.38 Honda PCX Hybrid Apr'18 150cc 40.3 Honda Supra GTR150R May'18 150cc 22.3

30

Motorcycle Product Launches 2018

31

Models Launched Launching Period Engine Capacity Prices (Rp mio) Honda CB 150R Jul’18 150cc 26.8-27.9 Honda CBR 250RR Jul’18 250cc 59.9-71.3 Honda Super Cub 125 Aug'18 125cc 55 Honda Forza Aug'18 250cc 76.5 Honda CRF1000L Africa Twin Aug'18 998cc 464.1-499.1 Honda Sonic 150R Aug'18 150cc 22.5-22.7 Honda CRF150L Sep’18 150cc 32.6 Honda CBR 150R Oct’18 150cc 33.8-38.7 Honda BeAT Street Oct’18 110cc 16.2 Honda PCX Electric Nov’18 - N/A

Motorcycle Product Launches 2018

32

No Brokerage House Analyst Name Contact Number Email Address 1 BCA Sekuritas Aditya Eka Prakasa +62 21 23587222 aditya.prakasa@bcasekuritas.co.id 2 BoA Merrill Lynch Swati Chopra +65 6678 0405 swati.chopra@baml.com 3 CIMB Sekuritas Indonesia Jovent Muliadi +62 21 3006 1727 jovent.muliadi@cimb.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 Danareksa Sekuritas Stefanus Darmagiri +62 21 2955 5831 stefanus.darmagiri@danareksa.com 8 DBS Vickers Maynard Priajaya Arif +62 21 3003 4900 maynard.arif@id.dbsvickers.com 9 Deutsche Verdhana Securities Joko Sogie +62 21 2964 4543 joko.sogie@db-gmresearch.com

10 Goldman Sachs Pramod Kumar +91 22 6616 9043 pramod.kumar@gs.com 11 HSBC Global Research Colin Davis +65 6658 0606 colin.davis@hsbc.com 12 Indo Premier Sekuritas Raditya Immanzah +62 21 5793 1168 raditya.immanzah@ipc.co.id 13 J.P. Morgan Securities Indonesia Benny Kurniawan +62 21 5291 8024 Benny.kurniawan@jpmorgan.com 14 Kresna Securities Franky Rivan +62 21 2939 1900 franky.rivan@kresnasecurities.com 15 Macquarie Sekuritas Indonesia Robert Pranata +62 21 2598 8366 Robert.pranata@macquarie.com 16 Mandiri Sekuritas Ariyanto Kurniawan +62 21 5296 9682 ariyanto.kurniawan@mandirisek.co.id 17 Maybank Kim Eng Securities Isnaputra Iskandar +62 21 2557 1129 isnaputra.iskandar@maybank-ke.co.id 18 Morgan Stanley Divya Gangahar Kothiyal +65 6834-6438 Divya.Gangahar@morganstanley.com 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 Trimegah Securities Willinoy Sitorus +62 21 2924 9088 willinoy.sitorus@trimegah.com 26 UOB Kay Hian Securities Stevanus Juanda +62 21 2993 3845 stevanusjuanda@uobkayhian.com 27 Valbury Asia Securities Budi Rustanto +62 21 2553 3600 budi.rustanto@valbury.com 28 Yuanta Securities Indonesia Kristiadi +62 21 5153 608 kristiadi@yuanta.co.id

Equity Research Contact Details

For further information please contact:

PT Astra International Tbk Corporate Investor Relations P: (+62 21) 5084 3888 E: investor@ai.astra.co.id

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