wings up,

COMPANY UPDATES FY2023 (Audited)

worries down

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DISCLAIMER
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES EXCEPT TO “QUALIFIED INSTITUTIONAL BUYERS” (AS DEFINED UNDER RULE 144A OF THE U.S. SECURITIES ACT OF 1933 (THE “SECURITIES ACT”))
(“QIBs”) OR TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINEDUNDER REGULATION S OF THE SECURITIES ACT) OUTSIDE OF THE UNITED STATES.
This presentation has been prepared by PT Hutama Karya (Persero) (the “Company”) solely for information purposes. By accepting this presentation, you agree to maintain absolute confidentiality regarding the information disclosed in this presentation. This presentation may not
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affiliates (together, the "Company") in any jurisdiction or an inducement to enter into investment activity nor should it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. In particular, this presentation and the information contained herein
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The information in this presentation is given in confidence and the recipients of this presentation should not engage in any behavior in relation to qualifying investments or related investments (as defined in the Financial Services and Markets Act 2000 (FSMA) and the Code of
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been, and will not be, updated to reflect material developments which may occur after the date of the presentation. The Company is not under any obligation to keep current the information contained in this presentation and any opinions expressed in it are subject to change
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In this presentation, we refer to EBITDA, EBITDA margin, Adjusted net debt/EBITDA order book, as well as other non-GAAP measures. Any reference to particular proposed terms of any issue of securities is intended as a summary and not a complete description. Terms or
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any purpose.
2
PT HUTAMA KARYA (PERSERO)
at a glance
One of the top-notch construction state-owned
enterprise that 100% owned by the Government of
Indonesia. We are engaged in construction services,
toll road developer, property developer, precast and
hotmix manufacturer.
Company structure

Copyright © 2023 by HK’s Investor Relations All rights reserved.

 OUR BUSINESS SPANS THE ENTIRE CONSTRUCTION VALUE CHAIN

Toll Road Developer Manufacturing

We cover all toll road We produce asphalt and
aspects including the concrete including steel,
funding, technical planning, geosynthetics, precast and
construction, and operations ready-mixed products to
/ maintenance. support construction.

Construction Services Property & Realty

Copyright © 2023 by HK’s Investor Relations All rights reserved.

Our construction services Our services focus on
cover all civil works in all development of landed-
sectors, repair / house as well as high-rise
maintenance as well as building (apartment,
mechanical-electrical works condominium, hotel, mixed-
including the network. use office building).
 1961
1960 was establishment of Hutama Karya. We have crafted
historical and monumental landmarks in Indonesia, such as the
Republic of Indonesia Parliament Building in Senayan, Jakarta, and
the Dirgantara Statue Monument in Pancoran, Jakarta.
1970
Marked the start of pre-stressed concrete technology in Indonesia.

We never stop 1980

Our greatest engineer, Dr. Ir. Tjokorda Raka Sukawati invented
stitching the ”Sosrobahu” technology. This technique is used by turning
concrete’s sideways as big as 90°, so it won't disrupt the traffic flow
archipelago: and helps overpass constructions in big cities with high traffic
density and limited city layout
devoted to the 1990
nation We have been able to produce high-tech products in the form of

Copyright © 2023 by HK’s Investor Relations All rights reserved.

Long-span Bridge (suspension cable bridge, balanced cantilever
bridge, and arch steel bridge).
2000
Aligned with the dynamics of millennia era, we started to expand
our business into high-rise building and other infrastructure such as
toll roads.
2014
We have been appointed by the Indonesia Government to develop
Trans Sumatera Toll Road and transformed into Infrastructure
Developer and Toll Road Operator.
2023
Key Highlights
(Audited)

New Contract Net Profit

Rp30.8 Tn Rp1.9 Tn
55.51% growth y.o.y 520.89% growth y.o.y
(2022 : Rp19.8 Tn) (2022 : Rp-445 Mn)

Revenue Asset
Rp26.9 Tn Rp169.7 Tn
11.81% growth y.o.y 8.59% growth y.o.y

Copyright © 2023 by HK’s Investor Relations All rights reserved.

(2022 : Rp24.0 Tn) (2022 : Rp156.3 Tn)

Debt Equity
Rp34.4 Tn Rp116.6 Tn
29.63% decline y.o.y 35.95% growth y.o.y
(2022 : Rp49 Tn) (2022 : Rp85.7 Tn)

*2022 restate
 2023 Key Our Credit Ratings
Achievements
Continuous Government Support
The Government of Indonesia has injected Rp28.88 tn
state capital injection this year to support the Local – May 2023
idAA- /idAAA(gg)
completion of Trans Sumatra Toll Road Issuer & Instrument PEFINDO– Issuer & Instrument ; Stable Outlook
Development. We have received total Rp112.58 tn
state capital injection (2012-2023).
BBB- / AA+ (idn)
International & Local – April 2023
Fitch – Issuer; Stable Outlook
Asset Recycle Issuer & Instrument

We have completed the Asset Recycle initiatives for

our two toll-road sections Medan-Binjai and Baa3

Copyright © 2023 by HK’s Investor Relations All rights reserved.

Bakauheni-Terbanggi Besar for Rp20.6 tn in June International & Local – May 2023
Issuer & Instrument Moody’s – Issuer; Stable Outlook
2023
Financial Strength as a Competitive Advantage
Revenue (Bn) Asset (Bn)
169.739
156.319
26.748 26.392 26.926
24.082 132.918
23.401
20.485 114.111
18.091 91.648
64.533
8.816 48.716
24.012
2016 2017 2018 2019 2020 2021 2022* 2023 2016 2017 2018 2019 2020 2021 2022* 2023
EBITDA (Bn) Debt (Bn)
50.766 49.657 49.001
7.196
41.925
34.481
4.222 4.107
3.351

Copyright © 2023 by HK’s Investor Relations All rights reserved.

2.850 19.647
2.097 11.732
747 1.647 5.306
2016 2017 2018 2019 2020 2021 2022* 2023 2016 2017 2018 2019 2020 2021 2022* 2023

EAT (Bn) Equity (Bn)

116.625
2.276
2.023 1.873
85.782
302 1.071
54.809
2016 2017 2018 2019 2020 2021 (445)
2022* 2023
31.995
(2.035) 7.546 8.545 10.616 22.959
*2022 restate (2.408)
2016 2017 2018 2019 2020 2021 2022* 2023
8
Construction Services

New Contract 30,876 (Mn)

Private
Property and others 1.376 6%

Transportation
77
“We have successfully secured our Infrastructure
State Own
Government
new contract amounted to 30,876 Enterprise
Building 3.775 57%
37%
Mn Rupiah (FY 2023), with total
orderbook in 59,858 Mn Rupiah” Road & Bridge 24.103

Water Infrastructure 1.545

Copyright © 2023 by HK’s Investor Relations All rights reserved.

Government SOE Private

9
Trans Sumatera Progress as of December 2023

2023
No. Section Land
Construction
Acquisition

1 Medan - Binjai 100,00% 100,00%

2 Bakauheni - Terbanggi Besar 100,00% 100,00%
3 Terbanggi Besar - Pematang Panggang - Kayu Agung 100,00% 100,00%
4 Palembang - Simpang Indralaya 100,00% 100,00%
5 Pekanbaru - Dumai 100,00% 100,00%
6 Binjai - Langsa
(Seksi Binjai - Pangkalan Brandan) 94,96% 92,14%
7 Sp Indralaya - Muara Enim
(Seksi Simpang Indralaya - Prabumulih) 100,00% 100,00%
8 Kisaran - Indrapura 99,79% 94,66%
9 Lubuk Linggau - Curup - Bengkulu

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(Seksi Taba Penanjung - Bengkulu) 100,00% 100,00%
10 Sigli - Banda Aceh 87,78% 87,67%
11 Pekanbaru - Padang
a (Seksi Sicincin - Padang) 93,87% 37,81%
b (Seksi Pekanbaru - Bangkinang) 100,00% 100,00%
c (Seksi Bangkinang - Koto Kampar) 99,08% 98,42%
12 Rengat-Pekanbaru
(Seksi Junction Pekanbaru-Bypass Pekanbaru) 2,23% 5,46%
 Jun-21

5.736
Sep-21

Dec-21

Mar-22
Jun-21

6.795
Jun-22
Sep-21
Sep-22
Dec-21
Dec-22
Mar-22
Mar-23

Palembang - Indralaya
Jun-22
Jun-23
Sep-22

Permai
Sep-23
Dec-22
Dec-23
9.958

Mar-23

Jun-23

Sep-23 Jun-21
8.498

Dec-23 Sep-21

9.348
Dec-21

Jun-21 Mar-22

667
Sep-21 Jun-22
Dec-21 Sep-22
Terpeka

Mar-22 Dec-22
Jun-22 Mar-23
Sep-22 Jun-23
Dec-22

Sibanceh
Sep-23
Mar-23 Dec-23
10.019

Jun-23
Ap
Sep-23 r-2
2
Dec-23 Ju
n-
2
8.236

2.129

Au 2
g-
22
Oc
t-2
De 2
c-
2
Fe 2
Dec-22 b-
2
7.687

Ap 3
Jan-23
Trans Sumatera Average Daily Traffic as of December 2023

r-2
Binsa

3
Feb-23 Ju
n-
23
Mar-23 Au
g-
Apr-23 23
Oc
May-23 t-2
De 3
Jun-23 c-
23
9.092

Jul-23
Pekbang

Aug-23
Sep-23
Jan-23
Oct-23
Feb-23
Nov-23
1.760

Mar-23
Dec-23
5.108

Apr-23
May-23
Jun-23
Jul-23
Bengtaba

Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
1.669

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PT Hutama Karya (Persero)
Thank You!
HK Tower, Jl. Letjen M.T. Haryono Kav. 8
Cawang East Jakarta 13340, Indonesia
www.hutamakarya.com
[email protected]

12