PT Astra International Tbk 9M 2016 - Results Presentation

The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and are general background information about Astra activities 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

9 months ended 30th September

2016 2015 Change

Net revenue (Rp bn) 132,294 138,177 (4%)

Net income (Rp bn)* 11,277 11,997 (6%)

Net earnings per share (Rp) 279 296 (6%)

As at 30th September 2016

As at 31st December 2015

Change

Shareholders’ funds (Rp bn)** 105,706 102,043 4%

Net asset value per share (Rp)** 2,611 2,521 4%

* Net income is profit attributable to owners of the parent, i.e. Astra International shareholders. ** Shareholders' funds and net asset value per share are based on equity attributable to owners of the parent. The financial results for the nine months ended 30th September 2016 and 2015 as well as the financial position as at 30th September 2016 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited. The financial position as at 31st December 2015 has 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.

Car unit sales up 10%

& Motorcycle unit sales down 3%

Lower revenue in heavy equipment and

mining contracting

Significant increase in loan-loss provisions at

Permata Bank

Highlights

Net earnings per share down by

6% at Rp279/share

2

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

Heavy Equipment • SAN Finance • Komatsu Astra

Finance

Banking • Bank Permata

Insurance • Asuransi Astra

Buana • Astralife

Construction Machinery • United Tractors • Traktor Nusantara

Mining Contracting • Pamapersada Nusantara

Coal Mining • Tuah Turangga Agung

Construction Industry • Acset Indonusa

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

Toll Road • MMS • MHI • MTN • TMJ • TBS Logistics • SERA / TRAC • Mobil88 • SELOG • TFLI

Water Utility • Palyja

Sea Port • Eastkal

Document Solution •Astragraphia

IT Solution • Astragraphia Information Technology Office Services • Astra Graphia Xprins Indonesia

• Menara Astra • Brahmayasa Bahtera • Samadista Karya • Astra Land Indonesia • Astra Modern Land

3

Toyota 35%

Daihatsu 17%

Isuzu 1%

Mitsubishi 9%

Suzuki 9%

Nissan 1%

Honda 19%

Others 9%

Car

• Astra’s car market share increased from 50% to 54% and Astra’s motorcycle market share increased from 68% to 73%.

• Komatsu maintained its leading market position with a 33% market share, down from 37% last year.

Source : Gaikindo

Honda 73%

Yamaha 24%

Suzuki 1%

Kawasaki 2%

Motorcycle

Source : AISI

Source: United Tractors – Internal Market Research

Heavy Equipment

Komatsu 33%

Caterpillar 16%

Hitachi 20%

Kobelco 14%

Others 17%

Market Position as at 30 September 2016

4

Financial Performances

5

In Billion Rupiah 9M16 9M15 Change

IDR / USD, average 13,323 13,357 (0%)

Net Revenue 132,294 138,177 (4%)

Gross Profit 25,737 27,263 (6%)

Selling, General and Administrative Expenses

(13,976) (14,520) (4%)

Other Income (Expense) 1,210 2,091 (42%)

Shares of Results of Joint Ventures and Associates

3,331 3,557 (6%)

Income Tax Expenses (3,071) (3,780) (19%)

Non-controlling Interests (1,954) (2,614) (25%)

Net Income 11,277 11,997 (6%)

“The Group is expecting to see a satisfactory result for the full year with the automotive business continuing to perform well, some improvement expected in agribusiness and modest recovery in the heavy equipment and mining operations, although concerns remain over the level of loan-loss provisions at Permata Bank.”

- Prijono Sugiarto, President Director -

Consolidated Income Statement

6

2001 2014 2015 9M16

Auto (Incl. auto related Financial Services)

89%

63%

76%

77%

Non-Auto

11%

37%

24%

23%

Share of Net Income (%) Ownership % 9M16 9M15

Auto Non-Auto Auto Non-Auto 4W Automotive SO – Toyota, Daihatsu, Isuzu Toyota Astra Motor Astra Daihatsu Motor Isuzu Astra Motor Indonesia

100 51 32 50

31

26

2W Automotive Astra Honda Motor Honda SO

50

100

20

17

Component Astra Otoparts

80

2

1

Financial Services Astra Sedaya Finance Federal International Finance Toyota Astra Financial Services Komatsu Astra Finance SAN Finance Asuransi Astra Buana Permata Bank Astra Life

86

100 50 50 60 96 45 50

24

(6)

21

4

Heavy Equipment & Mining United Tractors Pamapersada Nusantara Tuah Turangga Agung Acset Indonusa Traktor Nusantara

60 60 60 30 50

17

28

Agribusiness Astra Agro Lestari

80

8

1

Infrastructure, Logistics, IT & Property Marga Mandalasakti SERA Palyja Astra Graphia Menara Astra Brahmayasa Bahtera

79

100 49 77

100 60

4

2

Astra Portfolio as at 30 September 2016

7

• Astra’s net asset value per share of Rp2,611 at 30 September 2016 was 4% higher than at the end of 2015.

• Net cash, excluding the Group’s financial services subsidiaries, was Rp5.5 trillion at 30th September 2016, compared to net cash of Rp1.0 trillion at the end of 2015. The Group’s financial services subsidiaries had net debt of Rp41.9 trillion, compared to Rp44.6 trillion at the end of 2015.

In Billion Rupiah 30-Sep-16 31-Dec-15 Change

Cash and Cash Equivalents 27,216 27,102 0%

Trade Receivables 19,270 17,776 8%

Inventories 15,916 18,337 (13%)

Financing Receivables 61,751 60,105 3%

Investment in Joint Ventures and Associates 33,293 29,640 12% Fixed Assets 41,762 41,702 0%

Other Assets 50,769 50,773 (0%)

Total Assets 249,977 245,435 2%

Short-term Borrowings 11,380 11,975 (5%)

Trade Payables 20,820 20,557 1%

Long-term Debt 52,241 58,674 (11%)

Other Liabilities 33,733 27,696 22%

Total Liabilities 118,174 118,902 (1%)

Equity Attributable to the Owners of The Parent 105,706 102,043 4%

Non – controlling Interest 26,097 24,490 7%

Total Equity 131,803 126,533 4%

Net Debt 36,405 43,547 (16%)

Net Cash (Excl. Financial Services) (5,474) (1,034) 429%

Consolidated Balance Sheet

8

In Billion Rupiah 9M16 9M15 Change

Cash generated from operations 18,491 23,426 (4,935)

Tax Payments (3,525) (4,327) 802

Interest Received 1,020 951 69

Dividend Received 2,460 2,682 (222)

Net Cash flow provided from Operating Activities 18,446 22,732 (4,286)

Net Capex (5,216) (5,274) 58

Net Investment (2,873) (2,494) (379)

Other Investing 160 (995) 1,155

Net Cash flow used in Investing Activities (7,929) (8,763) 834

Net Proceeds of Debt (3,804) (4,808) 1,004

Finance Costs Paid (1,627) (442) (1,185)

Dividend Payments (5,550) (7,538) 1,988

Other Financing 1,230 20 1,210

Net Cash flow used in Financing Activities (9,751) (12,768) 3,017

Increase in Cash 766 1,201 (435)

Opening Cash Balance (incl. Bank Overdraft) 27,072 20,728 6,344

Exchange Rate Adjustment (662) 2,682 (3,344)

Closing Cash Balance (incl. Bank Overdraft) 27,176 24,611 2,565

Consolidated Cash Flow As at 30 September 2016, Astra’s ending consolidated cash balance (incl. Bank Overdraft) was Rp27.2 trillion.

9

Business Updates

10

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

Automotive – Wholesale Car Market

Astra 422,494 53.9%

Astra 382,389 50.0%

Others 360,976 46.1%

Others 382,322 50.0%

4x2 & 4x4 87.6%

4x2 & 4x4 79.8%

Commercial 11.1% Commercial

18.2%

Toyota 35.2% Toyota

31.5%

Daihatsu 17.0% Daihatsu

16.6%

Isuzu 1.5%

Isuzu 1.9%

Mitsubishi 9.4% Mitsubishi

11.4%

Suzuki 8.7 % Suzuki 12.1%

Honda 19.4% Honda 15.4%

Nissan 1.4% Nissan 2.7%

Others 7.2% Others 8.4%

Sedan 1.4% Sedan 2.0%

4x2 & 4x4 625,414

79.7% 4x2 & 4x4 540,176 70.6%

Commercial 147,902 18.9%

Commercial 209,607 27.4%

Sedan 48.2% Sedan 52.8%

4x2 & 4x4 59.2%

4x2 & 4x4 56.5%

Commercial 31.7%

Commercial 33.2%

M/S 9M16

AI Product Segment

Brand

Segment

AI Product M/S

M/S 9M15

AI Product Segment

Brand

Segment

AI Product M/S

Sedan 1.3% Sedan 2.1%

9M16 9M15

764,481 783,470

Astra’s car sales were 10% higher at 422,000 units, resulting in an increase in market share from 50% to 54%.

2%

Source: Gaikindo 11

BMW i8 August 2016

Isuzu Elf NMR May 2016

Toyota All New Fortuner January 2016

Astra Daihatsu Sigra August 2016

During first nine month 2016, Astra has launched 10 new models and 7 revamped models.

Automotive – Car Product Launches

Toyota Sienta July 2016

Lexus GSF March 2016

12

Honda 3,174,150

72.9%

Honda 3,266,227

67.7%

Yamaha 1,054,006

24.2%

Yamaha 1,371,633

28.5%

Kawasaki 1.8% Suzuki 1.8%

Kawasaki 2%

Cub 272,634

8.6%

Cub 293,987

9.0%

Scooter 2,642,075

83.2%

Scooter 2,806,750

85.9%

Sport/Others 8.2%

Sport/Others 5.1%

Cub 272,634 68.1%

Cub 293,987 52.2%

Scooter 2,642,075

77.7%

Scooter 2,806,750

77.1%

Sport/Others 47.2%

Sport/Others 26.8%

Cub 400,637

9.2%

Cub 563,206 11.7%

Scooter 3,401,617

78.2%

Scooter 3,639,362

75.5%

Sport/Others 12.6%

Sport/Others 12.8%

Brand 9M16

Honda Segment

Honda Product M/S

Segment

Brand 9M15

Honda Segment

Honda Product M/S

Segment

Source: AISI

9M16 9M15

4,821,191 4,351,397

Astra Honda Motor’s domestic sales were 3% lower at 3.2 million units; however, its market share increasing from 68% to 73%.

Automotive – Wholesale Motorcycle Market

10%

Suzuki 1.1%

13

Honda CBR150R February 2016

Honda Vario 150 eSP February 2016

Honda Supra GTR 150 May 2016

Automotive – Motorcycle Product Launches During first nine month 2016, Astra Honda Motor has launched 6 new models and 8 revamped models.

Honda BeAT Sporty Esp August 2016

Honda CB 150 Street fire August 2016

Honda CBR 250 RR July 2016

14

219

149

65

30

Shares of Results of Joint Ventures & Associates Consolidated Income

48% 47%

42% 42%

10% 11%

Export After Market OEM

Net Income (IDR billion)

179

Revenue (IDR billion)

10%

9M16 9M15 9M16 9M15

8,670 9,557 284

Net income at Astra Otoparts, the Group’s component business, increased 59% to Rp284 billion with higher revenue from its OEM, after market and export segments.

Automotive – Components

59%

15

Amount Financed (Rp bio) 9M16 9M15 %

Auto

ACC (Incl. HE) 19,864 17,064 16

TAFS 9,844 7,501 31

Total 4W 29,708 24,565 21

FIF 24,027 21,166 14

Total Auto 53,735 45,731 18

HE

SANF 2,102 2,551 (18)

KAF* 1,245 679 83

Total HE 3,347 3,230 4

• 9M16 consolidated net loss Rp1.2 trillion (9M15: net income Rp938 billion)

• Loan book decreased by 16% to Rp114 trillion.

• LDR 86% & CAR 19%.

• Gross-NPL ratio up from 2.7% at the end of 2015

to 4.9%.

Asuransi Astra

• Lower net income by 1% to Rp697 billion.

• 9M16 Gross Written Premium down by 8% year on year to Rp3.0 trillion.

• RBC : 266%, requirement 120%.

PermataBank

Unit Financed 9M16 9M15 %

Auto

ACC (new & used cars) 132,816 125,450 6

TAFS 58,982 49,637 19

Total 4W 191,798 175,087 10

FIF (Incl.Electronics)’000 2,559 2,351 9

HE

ACC (HE - Fleet) 344 729 (53)

SANF 306 1,577 (81)

KAF 222 40 455

Total SANF & KAF 528 1,617 (67)

Net income from the Group’s financial services businesses declined 31% to Rp2.1 trillion. Higher earnings at Federal International Finance and Toyota Astra Financial Services were more than offset by a decline in the contribution from the Group’s other financial services businesses, particularly Permata Bank which recorded a net loss following a significant increase in loan-loss provisions.

Financial Services

* Average exchange rate USD/IDR: 13,323 (9M16) & 13,357 (9M15) 16

5,746

3,946

TTA Mine (all in thousand tonnes)

78.6 81.4

Coal Production (mn tonnes)

524.2 594.7

Overburden Removal (mn bcm)

10,650 10,754

17,731 23,368

4,226

3,320 1,290

853

Construction Machinery Mining Contracting

Mining Construction Contracting

26% 29%

16% 22%

49% 34%

9% 15%

Mining Forestry Construction Agro

Mining Contracting

Coal Mines: Sales Komatsu Unit Sales 1,799

Revenue (Rp bio)

9M16 9M15 9M16 9M15

9M16 9M15 9M16 9M15

11%

Coal Production

3%

OB Removal

12%

46% 12%

z

United Tractors, which is 59.5%-owned, reported net income 44% lower at Rp3.1 trillion, due to lower heavy equipment and mining contracting revenue, caused largely by low coal prices. There was also a negative impact of the stronger rupiah on translation of its US dollar monetary assets, whereas the previous year saw a positive impact on translation.

Heavy Equipment & Mining

33,897 38,295

1,588

17

261 257

37 41

Immature

Mature 1,044

1,282

730 826

231 300

Production Sales Olein Sales

2.60

3.49

6,527 7,100

3,060 3,247

Export

Local

Area Maturity (‘K Ha)*

Revenue (Rp bio)

CPO Production & Sales (‘K tonnes) 298 298

* Incl. plasma plantation

CPO Yield (tonne/Ha)

10,347

9M16 9M15

7% 25%

CPO Production

19%

9,587

9M16 9M15

9M16 9M15 9M16 9M15

CPO Sales 12%

Astra Agro Lestari, which is 79.7%-owned, reported net income of Rp1.1 trillion, up from Rp145 billion, due to the benefit of the stronger rupiah on the translation of its US dollar monetary liabilities.

Agribusiness

18

24,117 25,578

SERA Unit in Contract (unit)

35,395 34,287

MMS Vehicle Traffic Volume (‘K unit)

9M16 9M15

9M16 9M15

6%

3%

The 72.5km Tangerang-Merak toll road, operated by 79.3%-owned Marga Mandalasakti, achieved a 3% increase in traffic volumes to 35 million vehicles.

Serasi Autoraya’s net income increased by 43% to Rp68 billion. Higher net margins in used vehicle sales and logistics businesses outweighed the effect of an 6% decline in contracted vehicles in its car leasing and rental business.

Infrastructure & Logistics

19

58% 61%

42% 44%

Astragraphia Revenue (Rp bio)

9M16 9M15

AGDS

11%

1,704 1,605

Information Technology

AGIT

39%

137 160

Astragraphia Net Income (Rp bio)

9M16 9M15

15%

Astra Graphia, which is 76.9%-owned, reported a 15% decline in net income to Rp137 billion, despite an increase in revenue mainly due to lower net margins.

20

84

5

Net Income (Rp bio)

9M16 9M15

Property

Construction continues to progress at the 92%-sold Anandamaya Residences, the Group’s 60%-owned luxury residential development project located in Jakarta’s Central Business District which, together with the Group’s adjacent grade A office tower, Menara Astra, are on schedule for completion in 2018.

1,580%

Net income from the Group’s new property division was Rp84 billion, significantly higher than the Rp5 billion achieved in the same period in 2015.

21

Appendices

22

In Billion Rupiah 9M16 9M15 Change

Automotive 69,239 70,347 (2%)

Financial Services 13,002 12,742 2%

Heavy Equipment & Mining 33,601 38,207 (12%)

Agribusiness 9,587 10,347 (7%)

Infrastructure & Logistics 5,364 5,037 6%

Information Technology 1,495 1,482 1%

Property 6 15 (60%)

Total 132,294 138,177 (4%)

Divisional Net Income

In Billion Rupiah 9M16 9M15 Change

Automotive 5,995 5,329 12%

Financial Services 2,074 2,996 (31%)

Heavy Equipment & Mining 1,893 3,342 (43%)

Agribusiness 913 116 687%

Infrastructure & Logistics 213 86 148%

Information Technology 105 123 (15%)

Property 84 5 1,580%

Total 11,277 11,997 (6%)

Divisional Net Revenue and Net Income Divisional Net Revenue

23

Models Launched Launching Period Engine Capacity Prices (Rp mio)

Toyota All New Fortuner Jan’16 2,400cc – 2,700cc 442-631.5

Daihatsu Sirion Sport Jan’16 1,300cc 168.3-179.3

Toyota Rush Feb’16 1,500cc 237.8-262.5

Daihatsu Terios Feb’16 1,500cc 228.1-242.2

Lexus GSF Mar’16 2,000cc 1,245

Lexus GS Mar’16 2,000cc 1,185

Lexus LX Mar’16 5,700cc 3,015

BMW M2 Apr’16 3,000cc 1,349*

Isuzu NMR 71T May’16 4,500cc 387.5-302.5

BMW X1 18i May’16 1,500cc 619*

BMW X1 18i xLine May’16 1,500cc 659*

Toyota Sienta Jul’16 1,500cc 230-295

BMW i8 Aug’16 1,500cc 3,499*

Astra Daihatsu Sigra Aug’16 1,000cc-1,200cc 106.6-147.4

Astra Toyota Calya Aug’16 1,200cc 132.5-150

Isuzu MU-X 2.5 VGS Aug’16 2,500cc 448-478

Isuzu D-MAX 2.5 VGS Aug’16 2,500cc 341-514.5

Car Products Launched in 9M16

*off the road price

24

Models Launched Launching Period Engine Capacity Prices (Rp mio)

Honda BeAT POP eSP Jan’16 110cc 14.3-15

Honda CBR 150 R Feb’16 150cc 32.5-33.3

Honda CBR 500 R Feb’16 500cc 144

Honda PCX 150 Feb’16 150cc 39.8

Honda Vario 150 eSP Feb’16 150cc 20.7

Honda Vario 125 eSP Feb’16 125cc 17.7-18.3

Honda CB 500 F Feb’16 500cc 133-139

Honda CB 500 X Feb’16 500cc 147

Honda CB 650 F Feb’16 650cc 235

Honda Supra GTR 150 May’16 150cc 21.3-21.5

Honda CBR 250 RR Jul’16 250cc 47.8-56.2

Honda BeAT Sporty eSP Aug’16 110cc 14.7-15.4

Honda CB 150 R Street Fire Aug’16 150cc 25.6-26.6

Honda Sonic 150R Aug’16 150cc 21.4-22

Motorcycle Products Launched in 9M16

25

National Market Data 9M16 9M15

Major Brands Wholesale Astra Wholesale Astra

Car

Sedan 11,153 48.2% 14,898 52.8% Toyota - Vios/Limo, Camry, Altis; Honda - City, Civic, Accord; BMW - 3 Series, 5 Series

4X2 & 4X4 465,414 57.6% 421,407 56.7%

Toyota - Avanza, Innova, Fortuner, Rush, Sienta; Honda - Mobilio, HR-V, BR-V, Jazz; Daihatsu - Xenia, Terios, Sirion; Suzuki - Ertiga, APV; Mitsubishi – Pajero Sport, Mirage, Outlander Sport; Nissan – Livina, X-Trail, March

Commercial 147,902 31.7% 209,607 33.2% Daihatsu –-Gran Max; Suzuki – Carry, APV; Mitsubishi - Canter, L-300, Strada; Isuzu – Elf, Giga; Panther, D-Max; Toyota - Hi-Lux, Dyna, Hi-Ace

LCGC 159,001 64.4% 118,769 56.3% Astra Toyota - Agya, Calya; Astra Daihatsu - Ayla, Sigra; Honda - Brio Satya; Datsun - GO Panca; Suzuki - Karimun Wagon R

Total 783,470 53.9% 764,681 50.0%

Mo

torc

ycle

Cub 400,637 68.1% 563,206 52.2% Honda - Supra Series, Revo Series, Blade; Yamaha – Jupiter MX King, Jupiter ZX, Vega Force; Suzuki – Smash; Kawasaki - ZX130, Edge

Scooter 3,401,617 77.7% 3,639,362 72.9% Honda - BeAT, Vario, Scoopy; Yamaha - Mio, N-Max, Fino; Suzuki – Address, Nex

Sport & Others 549,143 47.2% 618,623 26.8% Honda - CB 150 R Street Fire, Verza, CBR 150R, Sonic 150R; Yamaha - V-ixion R - 15, Xabre, Byson; Suzuki - Satria F 150; Kawasaki – Ninja

Total 4,351,397 72.9% 4,821,191 67.7%

26

No Brokerage Analyst Email 1 Bahana Securities Leonardo Henry Gavaza leonardo@bahana.co.id 2 BCA Sekuritas Darmawan Halim darmawan.halim@bcasekuritas.co.id 3 CIMB Securities Indonesia Erindra Krisnawan erindra.krisnawan@cimb.com 4 Ciptadana Securities Arief Budiman budimanarief@ciptadana.com 5 Citigroup Investment Research Ferry Wong Ferry.wong@citi.com 6 CLSA Indonesia Sarina Lesmina sarina.lesmina@clsa.com 7 Credit Suisse Securities Indonesia Jahanzeb Naseer jahanzeb.naseer@credit-suisse.com 8 Danareksa Sekuritas Stefanus Darmagiri stefanus.darmagiri@danareksa.com 9 DBS Vickers Maynard Priajaya Arif maynard.arif@id.dbsvickers.com

10 Deutsche Verdhana Securities Reggy Susanto nicholas.nugroho@db.com

11 Goldman Sachs Pramod Kumar pramod.kumar@gs.com 12 HSBC Tarun Bhatnagar tarunbhatnagar@hsbc.com.sg 13 IndoPremier Securities Chandra Pasaribu chandra.pasaribu@ipc.co.id 14 J.P. Morgan Aditya Srinath aditya.s.srinath@jpmorgan.com 15 Mandiri Sekuritas Ariyanto Kurniawan ariyanto.kurniawan@mandirisek.co.id 16 Macquarie Capital Securities Jayden Vantarakis jayden.vantarakis@macquarie.com 17 Maybank Kim Eng Securities Isnaputra Iskandar isnaputra.iskandar@maybank-ke.co.id 18 Merrill Lynch Swati Chopra swati.chopra@baml.com

19 Morgan Stanley Andri Ngaserin andri.ngaserin@morganstanley.com

20 Nomura Indonesia Elvira Tjandrawinata elvira.tjandrawinata@nomura.com 21 Onix Capital Bagus Hananto bagus.hananto@ocap.co.id 22 Reliance Securities Robertus Yanuar Hardi robertus@reliance-securities.com 23 RHB OSK Securities Indonesia Andrey Wijaya andrey.wijaya@id.oskgroup.com 24 Trimegah Securities Frederick Daniel frederick.daniel@trimegah.com 25 UBS Securities Indonesia Ronald Liem ronald.liem@ubs.com 26 UOB Kay Hian Securities Stevanus Juanda stevanusjuanda@uobkayhian.com 27 Valbury Asia Securities Budi Rustanto budi.rustanto@valbury.com 28 Yuanta Securities Indonesia Kim Kwie Sjamsudin kim.kwie@yuanta.co.id

Equity Research Contact Details

27

For further information please contact:

PT Astra International Tbk

Corporate Investor Relations

P: (+62 21) 652 2555

F: (+62 21) 6530 4953

E: investor@ai.astra.co.id

28