Company Update

1

PT WASKITA BETON PRECAST Tbk

December 2016

Company Profile

3

Key Milestones

2013 2014 2015 Juni 2016

50

01,5

00

2,5

00

Precast Division started its operational

activity

PT Waskita Beton Precast was established as a subsidiary of PT Waskita Karya (Persero) Tbk on

7 October 2016

Production Capacity

(ton/year)

Indonesia’s biggest precast and

readymix company

*) Notes: Revenue for 2014 was Consolidation between precast division and WSBP

September 2016

Revenue of Rp 1

Triliun*)

800,000 tons/year

616,000

tons/year

Revenue of Rp

2,6 Triliun

1.8 mn

tons/year

Revenue Rp 1,9

Triliun

As per June 2016

2.3 mn

tons/year

Solo – Kertosono

Toll Road

Becakayu and

Pejagan – Pemalang

toll road

Cimanggis Cibitung

Toll Road

Benoa Toll

Road

Desember 2016

Revenue of

Rp4,7 Triliun

2.65 mn

tons/year

Legundi-Bunder

Toll Road

IPO 5,16 T

PRECAST

WSBP's Precast Division remains to be the biggestcontributor to the company's revenue

4

Business Line - Precast

Precast75%

Readymix25%

Precast Division produces precast concrete productsthat are suitable for infrastucture projects in Indonesia

Cibitung

(350,000 ton)

Sadang

(375,000 ton)

Sidoarjo

(325,000 ton)

Palembang

(100,000 ton)

Karawang

(400,000 ton)

Kalijati

(250,000 ton)

Subang

(300,000 ton)

Bojanegara

(200,000 ton)

Klaten

(100.000ton)

Gasing

(250,000 ton)

800,000

1,800,000

2,300,000

2,650,000

3,250,000

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2014 2015 8M 2016 FY 2016 2017

Production Capacity (ton)

5

Precast Product Line-Up

Products in Development

ELECTRIC POLE

Existing Products

SLEEPER SPRIG WP RC PIPE

In Development

Process

L GUTTERU DITCH CCSP U GUTTERDIAFRAGMA

WALLFCSP

BOX GIRDER PCI GIRDER

PCU GIRDER

PCT GIRDER SPUN PILE 60cmSQUARE PILE

RC PLATEBARRIER HALF SLABFULL SLAB VOIDED SLAB

SPUN PILE 1,2m

FACADE

In Development

Process

Readymix division producs readymix concrete withstrength ranging from K100 to K700

6

Business Line - Readymix

Precast75%

Readymix25%

READYMIX

Readymix contribution to the company's revenuehas grown over the year from 20% in 2015 to25% in 2016

BATCHING PLANT JABODETABEKCengkarengBecakayuCakungDesariKarawaci Bocimi KemayoranCimanggis

BATCHING PLANT PEJAGAN - PEMALANG BalamoaWarureja Adiwerna

BATCHING PLANT PEMALANG - BATANG PetarukanSragi Warung Asem

BATCHING PLANT BATANG - SEMARANG Gringsing Subah KandemanPegandon

BATCHING PLANT SOLO -KERTOSONO MasaranBanaranBalerejoSidoharjoKebonromoWalikukun

BATCHING PLANT PASURUAN -PROBOLINGGOMunengTongas

BATCHING PLANT SURABAYADarmo

BATCHING PLANT LRT PALEMBANGJl. Soekarno-Hatta Jakabaring

BATCHING PLANT BATANG -SEMARANG Gringsing Subah KandemanPegandon

BATCHING PLANT TOL SUMATERA Lampung Medan-Kualanamu

Corporate Performance

By having a focused long term plan and supported by strategic portfolio projects, WSBP is estimated to contribute

to some Waskita’s rapid growth business line

8

Year 2014 2015 2016 2017F 2018F

Contract Value (IDR)

3,3 T 2,2 T 12,2 T POTENTIALS POTENTIALS

Projects

Becakayu (Seksi 1-2)Pejagan Pemalang(Seksi 3)

Pejagan Pemalang(Seksi 4)

Tol Probolinggo -Banyuwangi

Bekasi-Cawang-Kp.Melayu (Becakayu Seksi 3-4)

Pejagan Pemalang(Seksi 1-2)

Kuala Tanjung PortCimanggis CibitungPaket 2

Cinere -Serpong Penajam

Depok - Antasari Tollroad

MKTT Pemalang BatangTol Tebing Tinggi –Rantau Prapat – Toba

Cibitung Cilincing

Solo - Ngawi (Seksi1-2)

Batang SemarangTol Terbanggi Besar –Kayu Agung

Ngawi Kertosono Bogor Ciawi 2 - 4Tol Jakarta –Cikampek Elevated

Cimanggis CibitungPaket 1

LRT – PalembangTol Terbanggi Besar -Mesuji

Legundi - Bunder Tol Kediri - Kertosono

Kayu Agung-Palembang - Betung

Tol Japanan Mojosari - Mojokerto

Pasuruan -Probolinggo

Dermaga Kijing

Tol Boyolali - Salatiga Tol Tebing tinggi -Siantar Prapat

Group Synergies

9

New Contract Achievement

• Carry Over: Rp 2.8 T

• New Contract per Des 2016 :Rp 12,2 T

• Order Book as per 2016 :Rp 15 T

495 355 430 558 329 731

3046

1971

11066

4099

2655

12,227

0

2000

4000

6000

8000

10000

12000

2014 2015 2016A

New Contract Achievement (Rp Bn)

Internal Eksternal Business Development Total New Contract

4099

5870

15000

0

2000

4000

6000

8000

10000

12000

14000

16000

2014 2015 2016

Orderbook (Rp Mn)

10

New Contract Achievement

NO. PROJECT VALUE (Rp Mn)

1 Precast & Readymix Jalan Tol Legundi-Bunder 2,600,000

2 Precast, Readymix - Pekerjaan Pembangunan Jalan Tol Cimanggis - Cibitung (Seksi 2) 2,230,241

3 Precast, readymix Jalan Tol Batang Semarang 1,509,763

4 LRT Palembang 1,021,510

5 Tol Bogor Ciawi Sukabumi Seksi 2,3,4 790,783

6 Kayu Agung - Palembang - Betung 704,765

7 Precast, Readymix - Pembangunan Jalan Tol Pemalang - Batang Seksi I 481,162

8 Tol Terbanggi Besar - Kayu Agung Ruas Terbanggi Besar - Mesuji Lanjutan 1A, 25 KM 469,048

9 Readymix - Proyek Pembangunan Tol Pasuruan - Probolinggo 388,074

10 Proyek Tol Pejagan - Pemalang Seksi IV 368,054

11 Readymix, Precast - Seksi IV Ruas Salatiga - Boyolali, Paket 4.1, Paket 4.2, Paket 4.3 260,511

12 CCSP Normalisasi serta Peningkatan Turap Kali & Saluran PHB di Provinsi DKI Jakarta 229,201

13 PCI Girder - Proyek Jalan Bebas Hambatan Manado – Bitung AB : RT 6A 15 121 142,897

14Spun Pile - Pembangunan Pantai Di Jakarta Tahap 2 Paket 1 di Muara Baru, Jakarta Utara Giant Sea Wall

120,643

15 Proyek Lainnya < Rp 10 Milyar 110,844

16 PCI Girder - Add III Tol Bakaauheni-Terbanggi Besar Seksi 2 (Tol Trans Sumatera) 89,693

17 Tol Bogor - Ciawi - Sukabumi Seksi 1 Paket 3.2 75,401

18 Bocimi Ex POSCO Zona A 69,551

19 Readymix - Proyek Pembangunan Rusun Pasar Rumput 68,146

20PCI Girder - Proyek Jalan Tol Bogor-Ciawi-Sukabumi Seksi 1 Paket 1 (Pakancilan, Harjasari, Bojongkerta 1-2, Cikareteg), SUKABUMI PAKET 1 (2)

66,720

11

Production Performance FY16

800.000

1.800.000

2.650.000

58%

64%

70%

40%

45%

50%

55%

60%

65%

70%

75%

80%

0

500000

1000000

1500000

2000000

2500000

3000000

2014 2015 2016

Capacity & Utilities

Capacity Utilities

463,200

1,160,000

1,561,229

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2014 2015 2016

Volume Produksi Precast

12

Balance Sheet Position

*) no loans

1,202.0

4,332.0

14,172

2014A 2015A 2016A

Total Asset

Total Assets

761.04

3,355.99

2014A 2015A 2016A

Interest Bearing Debt

Interest Bearing Debt

702.10 1,330.80

7,486.8

2014A 2015A 2016A

Total Equity

Total Equity

13

Earnings Performance

160.8

440.2

1,015.3

15.70%17.05% 21.46%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

2014A 2015A 2016A

EBITDA (Rp M)

EBITDA

EBITDA Margin

149.3

334.4

622.3 14.57%

12.64%

13.15%

11.50%

12.00%

12.50%

13.00%

13.50%

14.00%

14.50%

15.00%

-

100.0

200.0

300.0

400.0

500.0

600.0

700.0

2014A 2015A 2016A

Net Income (Rp M)

Net Profit

Net Margin

838.1

2,224.9

3,679.1

18.20%

15.86%

22.25%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

-

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

2014A 2015A 2016A

COGS(Rp M)

COGS

Gross Margin

1,024.6

2,644.3

4,717.2

-

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

2014A 2015A 2016A

Revenue (Rp M)

14

Financial Ratio

*) no loans

1.96

1.52 1.24

-

0.50

1.00

1.50

2.00

2.50

2014A 2015A 2016A

Current Ratio

21.26%

25.13%

14.11%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

2014A 2015A 2016A

Return on Equity

12.42%

7.72%6.73%

0.00%

5.00%

10.00%

15.00%

2014A 2015A 2016A

Return on Assets

0.57

0.45

-

0.10

0.20

0.30

0.40

0.50

0.60

0.70

2014A 2015A 2016A

Debt to Equity Ratio

DisclaimerThis material is for information only, and we are not soliciting any action based upon it. This report is not to beconstrued as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer orsolicitation would be illegal. The information herein has been obtained from sources believed to be reliable, but wedo not warrant that it is accurate or complete, and it should not be relied upon as such. Opinion expressed is ourcurrent opinion as of the date appearing on this material only, and subject to change without notice. It is intended forthe use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available inany form, by any means, or redistributed to others without written permission of PT Waskita Beton Precast.

Thank You

Head Office: Gedung Teraskita Jakarta, 3 & 3A Floor Jl. MT. Haryono Kav. No. 10A Cawang, Jakarta 13340Ph. (+6221) 22892999website:www.waskitaprecast.co.id