PT Lippo po Ka Karawaci ci Tbk FY19 9 Results ts Presen - PowerPoint PPT Presentation

PT Lippo po Ka Karawaci ci Tbk FY19 9 Results ts Presen sentation tation Jun une e 2020

Shareho reholde der r Struct cture ure As of 31 December 2019 As of 31 December 2018 No. of No. of Change No. Description No. of Shares % No. of Shares % Investors Investors YTD (%) I. I. Domestic Insurance 36 629,830,720 0.9% 17 780,351,000 3.4% -19.3% Individual 10,491 2,134,292,043 3.0% 8,503 1,163,018,443 5.0% 83.5% Corporation 155 33,642,920,062 47.5% 100 17,943,046,650 77.8% 87.5% Foundation 3 14,551,000 0.0% 2 175,000 0.0% 8214.9% Pension Fund 30 115,585,460 0.2% 22 16,514,340 0.1% 599.9% Others 3 28,149,800 0.0% 72 271,693,484 1.2% -89.6% Sub Total 10,718 36,565,329,085 51.6% 8,716 20,174,798,917 87.4% 81.2% II. II. International Retail 57 58,961,538 0.1% 47 23,651,532 0.1% 149.3% Institutional 291 34,273,727,746 48.3% 256 2,878,854,078 12.5% 1090.5% Others - - 0.0% 7 385,092 0.0% -100.0% Sub Total 348 348 34,332,689,284 48.4% 310 310 2,902,890,702 12.6% 1082.7% Total 11,066 70,898,018,369 100.0% 9,026 23,077,689,619 100.0% 207.2% 2

Content nts Business Model 04 - 06 Recent Developments 07 - 14 FY19 Financial Data 15 - 34 Subsidiaries 35 - 51 Turnaround Initiatives 52 - 55 Meikarta 56 - 59 Corporate Data 60 - 63 Appendix 64 - 77

One of Indonesia’s largest integrated real estate developers Market t leade ader in property development, lifestyle One of the largest diversified publicly malls, and healthcare in Indonesia listed property companies in Indonesia by total 6 projects (2) with GFA of assets and revenue  Ongoing development of 6 approximately 297,000 sqm  Total assets as of FY19: $4.0 billio llion n  Manage 51 51 malls with GFA of 3.5 million sqm  FY19 revenue: $886 millio llion  Network of 37 37 hospitals with 3,679 beds  Market capitalization: $1.2 billi llion (1) Largest est diversi sifie ied d land d bank with th Natio ionwi wide e platfor orm with presence develo elopmen ment right hts s of over er 8,100 ha across 35 cities ties in the country  1,413 ha available across Indonesia, providing more than 15 years of development pipeline Integrat ated ed business model with abili ility ty to Rec ecap apital italiz ized cap apital ital structu ture e with recyc ecycle le capital. ital. one of the lowest est net et debt ebt to equ quity ity of  Sale of Malls and Hospitals to REIT provides capital 22% vs. peers (3) 22% to finance expansion Notes: IDRUSD of 13,901 used throughout unless otherwise stated (1) As of 31/12/2019 (2) Projects directly owned by LPKR (3) Peers include Pakuwon Jati, Bumi Serpong Damai, Ciputra Development, Summarecon Agung, Agung Podomoro, Alama Sutera, ModernLand, Intiland; 4 Peer average net debt to equity of 50%. Total Debt excluded Financial Leases

Simplif plifie ied d organiza nizatio tion n and refocuse used d strategy Pillar lar Land d Banking ing & Develop elopment nt Real Estate e Managem gemen ent t & Servic vices es Inves estm tmen ents ts and Fund nd Managem agemen ent  Management of real estate assets, as  Management of third-party capital for  Development of residential, commercial and industrial properties well as the services that operate within real estate related investments including healthcare, malls, hotels, Descrip ipti tion on  Managed synergistically with  Development of cohesively designed parking, town management and independent townships development business, but cemetery services independently to generate returns and unlock value of assets  LPK LPKR: holding company and developer  Healthca Healthcare: controlling shareholder of  Strategic egic stakes kes in in SGX-lis listed ed REITS: of high-rise and landed properties across Siloam, the largest private hospital group ‒ LM LMIR IR Trus ust: c. SGD 2bn AUM portfolio Indonesia including projects such as in Indonesia with 37 hospitals across 24 of premier retail assets in Indonesia (1) Holland Village Jakarta, Holland Village cities Manado, Kemang Office, Millennium ‒ Fir First st REIT IT: c. SGD 1bn AUM portfolio  Mall lls: largest mall operator in Indonesia Village and Embarcadero Suites of 20 high-quality healthcare assets managing 51 malls including 3 in Singapore and 1 in Po Position tion  LPCK LPCK: developer of Lippo Cikarang, the  Hot Hotels els: operator of Aryaduta Hotels, one South Korea largest integrated township in the of the largest high-end hotel groups in  Fu Fund nd Mana nagemen ement: manager of LMIR eastern corridor of Jakarta – including Indonesia with 10 locations across the Orange County mixed used development Trust country  GMTD: developer of the Tanjung Bunga area in Makassar  Quality, sizable and low cost landbank  Market leading position for key growth  Unique organic growth pipeline segments: healthcare & malls Compet etit itiv ive e  Integrated ecosystem supports creation  The only Indonesian developer with SGX- Advant antage age of mixed-use developments listed REIT The e only integ egrated ed end-to to-end d real al estat ate platf tfor orm m with th unique que growth h pot oten entia ial l and com ompetit titiv ive adv dvanta tage e across s the va value lue chain ain in Indones onesia ia Notes: 5 (1) Based on portfolio valuation as of 2018

Simplif plifie ied d org rganizatio nization n and re refocused used stra rategy Revised d stra rategy y focused sed on disci sciplin plined d capita tal l allocati tion on approac oach h across ss segmen ents ts and suppo pported d by effici cient nt asset set rota otati tion HoldC dCo  No increase in head office personal expenses over the next 3 years  No increase in consolidated leverage coupled with active maturity management of existing debt Land d Banking ing & Develop elopment nt Real Estate e Managem gemen ent t & Servic vices es Inves estm tmen ents ts and Fund nd Managem agemen ent  No No equit equity in in new new pr projec ojects dev evelope eloped:  Active approach to managing  ROCE-accretive growth projects being effectively self-funded proprietary portfolio of assets as well as 3 rd party assets by leveraging on LPKR’s existing  Operating and efficiency Capit ital al landbank and future marketing sales improvement targeting substantial Allocati location on  Explore alternative avenues to EBITDA margin improvement Strategy egy  Value lue vs vs Volume olume: focus on new recycle capital landed projects with shorter time  Active asset recycling / disposal frame for completion  Incremental capital requirement strategy limited to seeding minority position in  New ew pr projec ojects foc ocused arou ound nd 3 co core new funds area eas: Karawaci, Makassar and Cikarang where LPKR has differentiated landbank assets Ac Activ tive e portfoli olio o managem agement t strat ateg egy to be exec ecuted ed with h IDR 3 – 4 4 tn tn wor worth th of non-core re assets (excl. l. sale le of Puri Mall) ll) iden entif ifie ied d for ROCE-accretiv tive disposals osals 6

Recent events highlig hlights hts PT PT Lip Lippo Kar arawaci Tb Tbk ("L ("LPKR") R") and and Japan Japan-bas based ed Sof oftBa tBank Co Corp. (" ("Sof oftBa tBank"), "), announced a cooperation in the development of “Artificial Intelligence” (AI) and "Internet of Things" (IoT) powered A solutions. We aim to develop Lippo Village as a Smart City. Smart Cluster Management utilizes advanced camera technology for facial recognition of occupants in vehicles and also has the ability to read motor vehicle license plate numbers of township residents and identify unknown visitors. LMIRT Management Ltd. (“LMIRT”) a wholly owned subsidiary of PT Lippo Kara arawaci Tbk bk announce that it has entered into a conditional sale and purchase agreement with NWP Retail B for the sale of two malls, Pejaten Village and Binjai Supermall, in Indonesia with a total sale consideration of Rp1,280.7 billion (S$124.3 million). PT Lippo o Kar arawaci Tbk bk has success ssfully lly launched hed a five-year ar bon ond, d, va valued lued at $325 millio lion, , on C Januar ary 14, 2020. The bond will offer a yield of 8.125% and the proceeds will be used to partially repay bonds maturing in 2022. The launch generated a very positive reception among investors with the issuance of the bond being oversubscribed by 4.5 times and having an order book of $1.45 billion. Lippo o Cikar aran ang launched hed Water erfr fron ont, , affor ordab able le lande ded house e projec oject t on Januar ary 22, 2020 20. . It is located in the prime CBD of Lippo Cikarang surrounded by many facilities, such as 3 hospital, 4 hotels, D 21 schools and 1,216 retail shops. We offered affordable landed house ranging from 60-82.5 sqm with eco-friendly concept, high ceiling, double ventilation with estate gated system for high security. 7