PT SARATOGA INVESTAMA SEDAYA TBK dbAccess Indonesia Conference - PowerPoint PPT Presentation

PT SARATOGA INVESTAMA SEDAYA Tbk. PT SARATOGA INVESTAMA SEDAYA TBK dbAccess Indonesia Conference October 2013 1

Indonesia’s economic drivers of growth Three key sectors of natural resources, infrastructure and consumer believed to propel Indonesian growth Natural resources Infrastructure Consumer Indonesia coal production (m tonnes) Capital expenditure per capita in Infrastructure (US$) Indonesia personal consumption expenditure (IDR 3,000 700 656 ‘000) 1,600 613 1,442 Indonesia Indonesia personal consumption expenditure (IDR '000) 1,370 600 564 1,400 2,500 1,308 Cambodia 1,249 1,191 496 1,131 – 1,200 Malaysia 500 1,077 445 1,044 2,000 1,004 Philippines 957 401 1,000 921 887 371 400 857 Thailand 336 1,500 800 302 Vietnam 300 600 1,000 200 400 500 100 200 0 0 0 2009 2010 2011 2012F 2013F 2014F 2015F 2016F 2017F 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: IMF Source: Business Monitor International Source: Business Monitor International  World’s largest exporter of thermal coal  Capital expenditure per capita in Indonesia  Growth in personal consumption expected to  Production in Indonesia underpinned by has increased in the past few years, but fuel the Indonesian consumer sector strong growth in Asian coal consumption remains insufficient compared to developed  Rising GDP to also drive the consumer finance peers sector  Construction activity to be driven by: – Favourable macroeconomic fundamentals – Conducive monetary conditions – Increased government expenditure  Indonesia to offer 14 infrastructure projects worth US$6.1bn to private sector in 2013  Consists mainly of railway, power and water supply projects 2

Section 1 INTRODUCTION TO SIS 3

SIS is a leading active investment company Edwin Soeryadjaya PT Unitras Pertama Sandiaga S. Uno Leading active investment company in Indonesia  Focus on early-stage, growth-stage, and special situation opportunities  Invested across key sectors of the Indonesian economy: Natural resources,  Infrastructure and Consumer Investments in early-stage opportunities and ongoing engagement with  long-term Investee Companies Active management of investments, including operational management  and unlocking of value of investments Natural resources Infrastructure Consumer Financial investments  PE co-investments  Special situations 4

We are a partner of choice in Indonesia Long term partnerships with Ability to make timely investments Possesses value creation know-how established corporations 350,000 SIS entry 300,000  Operational improvements 250,000 200,000  Bolt on acquisitions 150,000  Listings 100,000 50,000  Divestments 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Indonesia mobile phone subscribers Source: Business Monitor International  Corporations, both international  A partner with a good  Value creation further enhances and domestic, rely heavily on understanding of local market investments returns but requires partners in Indonesia given the dynamics can provide early-stage specific know-how many complexities here exposure to attractive investment  Processes such as bolt on opportunities  In such an environment, acquisitions, operational reputable Indonesian companies  Poor timing can result in missed improvements and listings naturally attract numerous investment opportunities requires strong industry established partners knowledge and capital markets experience 5

Saratoga: A unique investment opportunity Our Vision Investment Mandate Our Value Proposition  Leading active  Good proxy to the investment firm in Indonesian economy Indonesia  Three key target sectors: – Natural resources Partnerships and agriculture  Focus on GROWTH, STRENGTH and – Infrastructure REPUTATION – Consumer  Blue-chip listed companies offering potential for strong  Partner of choice for growth with mitigation both local and foreign of portfolio downside investors risk Track Record  Smaller early-stage investments with large upside potential 6

SIS has investments in companies across various stages of growth Exposure to early-stage investments and investment opportunities and strategic interests in leading blue-chip corporates Investments across sizes and stages of development Listed blue-chip companies Early-stage companies Growth companies Mitigating downside risk Source for high returns Cash generation with room for growth –  Blue-chip Investee Companies are  SIS owns stakes in early-stage companies  Growth companies generate sustainable established industry leaders with growth with large upside potential and healthy cash flows for SIS’ portfolio and capital appreciation opportunities  Ability to acquire larger stakes allows SIS  Provides great upside potential when  SIS to remain a long-term shareholder in to exert significant influence, develop growth companies enter into mature these businesses company strategy and products and phases generate strong returns  Value of these companies will be unlocked via operational improvements, acquisitions and/or IPOs 7

Operating executives ensure post-investment performance Ability to monitor and improve investees through team of experienced executives Expertise at SIS... ... To unlock value of Investee Companies... Operati ting executive ves s have sector-ba based oversight t and day-to to-day management t responsibiliti ties s  at selected Investe tee Companies SIS to obtain positions on board of Assist t Investe tee Companies on a an ongoing basis on financial, , strate tegic and operational matters directors, board of commissioners  and/or to appoint key members of management Company Position Edwin Soeryadjaya (president commissioner), Herman Setya Budi (president director), Budianto Purwahjo (director) Edwin Soeryadjaya (president commissioner), Sandiaga Uno (director) Facilitating improved assistance to Edwin Soeryadjaya (president commissioner), Michael Soeryadjaya (commissioner) (a) Investee Company in identifying ways through which it can improve Edwin Soeryadjaya (president commissioner), Sandiaga Uno (commissioner) or expand the business Yuliantina Wangsawiguna (CFO), Husni Heron (commissioner) Husni Heron (director), Kumari (commissioner) Edwin Soeryadjaya (president commissioner), Sandiaga Uno (commissioner), Husni Heron Investee company to gain access (vice president director), Yuliantina Wangsawiguna (CFO) to our broad business network and to support opportunities for Edwin Soeryadjaya (commissioner), Kumari (director), Budianto Purwahjo (director) synergistic relationships, potential acquisitions or divestments as well Edwin Soeryadjaya (chairman), Husni Heron (CEO) as third-party financing Edwin Soeryadjaya (president commissioner), Sandiaga Uno (vice president director), Ellie Turjandi (portfolio monitor) Edwin Soeryadjaya (chairman), Sandiaga Uno (deputy chairman) 8 (a) Michael Soeryadjaya is a commissioner at MPMRent

Section 2 POST-IPO UPDATE 9

SIS going forward Natural Resources Infrastructure Consumer Metals & Telecomm- Auto Agriculture Oil & Gas Power Roads Financing Car Rentals Mining unications Distribution  Continue to unlock value in its investee companies, especially its unlisted companies such as TWU, Amara, Medco Power Indonesia and LMS  Near term focus will be on consumer segment given our recent success in MPM 10

Updates Saratoga Ownership: 45.1% • MPM announces deal with Nissan • and Datsun Saratoga Ownership: 7.01% • Invested IDR 120bn for 173.9mm • shares Saratoga Ownership: 6.51% • Invested AUD 3.8mm for the Finders • rights issue post SRTG IPO 11

2013 Q4 Key Themes Continue to provide capital support to existing investee companies to • 1 accelerate realization of investment returns Opportunistically invest in natural resource companies with compelling entry • 2 valuations and return profile Diversify sector exposure by making disciplined investments into • 3 infrastructure and consumer and services areas 12

2013 Q4 New Investment Pipeline Outlook Defensive businesses – investments into businesses providing critical • services and/or support infrastructure with resilient business models even in the face of market volatility Indonesia’s next growth catalysts – companies harnessing Indonesia’s • natural resource advantages to provide value-added goods and services Discovering value – pockets of investment opportunities in natural resource • companies supported by strong demand/supply fundamentals but undergoing transient liquidity stress or overselling by investment community Attracting foreign capital and expertise – partnership opportunities with • foreign companies which provide unique service offerings and are looking to invest in Indonesia 13

PT Saratoga Investama Sedaya Tbk. Correspondence Address: Menara Karya 15 th Floor Jl. H.R. Rasuna Said Kav. 1-2 Jakarta 12950 For further rther infor formation ation, , pleas ase e contact tact the e foll llowin owing g individ idual als below: low: Jerry Ngo: jerry.ngo@saratoga.co.id Carlson Lau: carlson.lau@saratoga-investama.com 14