PUBLIC EXPOSE PRESENTATION

1

PUBLIC EXPOSEPT Urban Jakarta Propertindo Tbk

15th September 2019 – Financial Club Jakarta

PUBLIC EXPOSEPT Urban Jakarta Propertindo Tbk

11 November, 2020

This document has been prepared by and on behalf of the PT Urban Jakarta Propertindo Tbk in connection with the preliminary evaluation of a potential transaction involving thecompany and is solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or actionwhatsoever, with respect to any proposed transaction or otherwise. You and your directors, officers, employees, agents and affiliates must hold this document and any oralinformation provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, or refer to it publicly,in whole or in part at any time exceptwith our prior written consent. If you are not the intended recipient of this document, please delete and destroy all copies immediately.

We have prepared this document and the analyses contained in it based, in part, on certain assumptions and information obtained by us from various sources. Our use of suchassumptions and information does not imply that we have independently verified or necessarily agree with any of such assumptions or information, and we have assumed andrelied upon the accuracy and completeness of such assumptions and information for purposes of this document. Neither we nor any of our affiliates or advisors, or our or theirrespective officers, employees or agents, make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained in thisdocument or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability whatsoever (whether direct orindirect, in contract, tort or otherwise) in relation to any of such information. We and our affiliates and advisors and our and their respective officers, employees and agents

expressly disclaim any and all liability which may be based on this document and any errors therein or omissions therefrom. Neither we nor any of our affiliates or advisors, or ouror their respective officers, employees or agents, make any representation or warranty, express or implied, that any transaction has been or may be effected on the terms or in themanner stated in this document, or as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. Any views or termscontained herein are preliminary only, and are based on financial, economic, market and other conditions prevailing as of the date of this document and are therefore subject tochange. We undertake no obligation or responsibility to update any of the information contained in this document. Past performance does not guarantee or predict futureperformance.

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DISCLAIMER

Project Achievement 9M-2020IV.

II. Financial Achievement 9M-2020

New Project to be LaunchV.

VI.

“Start Living Your Urban Lifestyle”

VII.

TABLE OF CONTENT

Urban Jakarta Komersial –Project Achievement 9M-2020

Public Expose in Summary

I. Satu-Satunya Pengembang TOD di Indonesia

5

1

4

3

2

SATU-SATUNYA PENGEMBANG SWASTA TOD DI INDONESIA

1Juta+Total GFA

57.6kNLA Komersial

Area

IDR22.5T+Nilai Proyek

Nilai Perusahaan

IDR4.2T+Market Cap

5

PT URBAN JAKARTA PROPERTINDO

FINANCIAL ACHIVEMENT Q3 - 2020

• UJP mulai beroperasi pada tahun 2016,

dengan berfokus pada pengembanganproperti

• Aset & Proyek Urban Jakarta terkoneksi

langsung dengan transportasi public (LRT),memberikan paradigma baru dalam

kehidupan kaum urban

• Urban Jakarta mengembangkan Offices,

Commercial Area dan Apartment yang

terintegrasi dengan Transportasi Publik

VisionMenciptakan dan mengembangkan area hunian sebagai solusi bagi

permasalahan perkotaan untuk kualitas hidup yang lebih baik.

Mission1. Menyediakan huniah yang dapat meningkatkan kualitas hidup

di Kawasan urban.

2. Menciptakan Investasi yang memberikan banyak keuntungan.

3. Mengembangkan komunitas urban untuk memaksimalkan nilaitambah bagi property dan Kawasan sekitar yang memberikan

manfaat bagi konsumen dan pemangku kepentingan lainnya4. Menciptakan lingkungan kerja yang professional dimana setiap

karyawan dapat menggali potensi diri dan meningkatkan

produktivitas.

Current Ownership Structure of PT Urban Jakarta Propertindo Tbk

PT Urban Jakarta Propertindo Tbk

PT Jakarta River City

Jakarta River City

Gateway Park Urban Signature

Urban Sky Urban Suites

PT Urban Jakarta Komersial

Gateway Park Commercial Area

Urban Signature Commercial Area

Urban Sky Commercial Area

Urban Suites Commercial Area

Jakarta River City Commercial

1 2

43

5

Directly Under UJP

Current Project

Ibukota

Development

PT Nusa Wijaya

PropertindoPublic

9,61 % 74,29% 16,09%

40%40%

100% 100%

URBAN JAKARTA – PROFIL PERUSAHAAN

51% 99,9%

URBAN JAKARTA RESULT SUMMARY (BALANCE SHEET)

NERACA UJP

1

Kondisi Perseroan

2

Neraca Yang

Sehat

Dalam Miliar

Rasio Hutang

Terjaga1,022

1,622

2,337

4,056

754 541

1,071

2,053

269

1,081

1,266

2,003

2017 2018 2019 9M20

Total Asset Total Liabilities Total Equity

608858 917

121

2463 191

200

0166

619

377

678

8821516

13

23

45159

0

0

135

1,621

2017 2018 2019 9M20

Cash & Cash Equivalent Account Receivables Other Receivables

Real Estate Inventories Other Current Asset Other Non Current Asset

Kekuatan Aset Yang Dimiliki UJP

3

➢ Total Aset perseroan meningkat sebesar 74%

pasca akuisisi Proyek JRC

➢ Peningkatan Total Aset lancar sebesar 11%

➢ Total Liabilitas berbunga sebesar Rp 300 M

Kredit Bank Mandiri dan Sisa Kredit Bank

BTN Rp 15 M

Optimalisasi Aset dengan mengakuisisi

Proyek baru

➢ Penggunaan Cash untuk mengakuisisi Proyek JRC

➢ Komitmen pembangunan dengan Peningkatan Real

Estate Inventories siap jual sebesar Rp 1,6 T

➢ UJP memiliki other receivables yang likuid pada akhir

tahun 2020 sebesar +/- Rp 400 M

Dalam Miliar

Peningkatan

Aset

URBAN JAKARTA RESULT SUMMARY (LIABILLITIES SUMMARY)

Figur Hutang Berbunga

3

Kemampuan penyelesaian

Kewajiban lewat Konversi

Saham

Kemampuan penyelesaian

Kewajiban lewat

pembayaran pokok

Pembayaran bunga sesuai

jadwal

18%

18%

11.75%11.75%

8.50%

2017 2018 2019Q1 2019Q3 2019Q4

Cost of Debt 2017 s/d Saat ini (%)

Bunga BTN

Bunga Mandiri

Bunga CLA

• Keyakinan Institusi pada

kinerja Perseroan tercermin

pada Cost of Debt

Perseroan yang menurun

Debt to Equity 2017 s/d Saat ini (x) Debt to Asset 2018 s/d Saat ini (x)

Pembayaran Pokok Pinjaman yang lancar membuat Rasio

DER & DAR UJP rendah

338.7

66.0

- -

-

-

48.0 15.0

-

-

300.0

243.0

2017 2018 2019 9M20

Convertible Loan Bank BTN Loan Bank Mandiri Loan

1.3

0.1

0.3

0.1

2017 2018 2019 9M20

0.3

0.0

0.2

0.1

2017 2018 2019 9M20

29.9 320.3 323.2 323.296.4

697.6 760.8 760.9

135.8

56.6175.7

4.5

6.28

6.286.4

6.4

0

0

0

62.0

0

0

0

970

2017 2018 2019 9M20

Share Capital Additional Paid In Capital

Retained Earning Foreign Exchange Difference

Diff Arising from business comb. Non Controlling Interest

URBAN JAKARTA RESULT SUMMARY (EQUITY SUMMARY)

Break-down Total Ekuitas

4

• Total Ekuitas per 30 September 2020 meningkat

sebesar 58% menjadi Rp 2,0 T dari tahun 2019

• Peningkatan tersebut pasca akuisisi JRC dan

peningkatan saldo laba tahun 2019.

Rasio Return On Asset

• RoA perusahaan meningkat CAGR

56% sampai dengan tahun 2019

• Pada September 2020 RoA

perusahaan menurun karena

penerapan PSAK 72 &

Peningkatan Aset JRC yang

belum beroperasi

Rasio Return On Equity

• RoE perusahaan meningkat CAGR

28% sampai dengan tahun 2019

• Pada September 2020 RoE

perusahaan menurun karena

penerapan PSAK 72 &

Peningkatan Aset JRC yang

belum beroperasi

1.0%

3.5%

6.0%

0.4%

2017 2018 2019 9M20

3.9%

6.8%

10.2%

0.8%

2017 2018 2019 9M20

Dalam Miliar

URBAN JAKARTA RESULT SUMMARY (PROFIT&LOSS SUMMARY)

36.6

332.6

438.5

52.1

10.4

119.0 145.0

7.6 10.4

46.2

119.2

15.4

2017 2018 2019 9M20

Revenue Gross Profit Net Profit

UJP Profit & Loss Summary

1 REVENUE STREAM

2

Sales Urban Sky Pre-Sales Urban Suite Sales Urban SignatureSales Gateway park

CURRENT MARKET ABSORPTION3

Retail Retail Investor

Retail

Investor

“Reflect Diversified Market Absorption”• Pendapatan Perseroan meningkat pada tahun 2017-

2019 dengan CAGR 86%.

• Pada tahun 2020 dengan adanya penerapan PSAK

72 tentang pengakuan pendapatan berbasis serah

terima bangunan maka Perseroan hanya dapat

membukukan pendapatan Rp 52,1 M

CAGR86%

Kemampuan Perusahaan

dalam efisiensi konstruksi

tercermin pada peningkatan

margin pendapatan

Description 2017 2018 2019 9M20

GPM 28,4% 35,8% 33,1% 14,6%

NPM 28,4% 13,9% 27,2% 29,5%

11

PT URBAN JAKARTA PROPERTINDO

PROJECT ACHIVEMENT 9M - 2020

Construction (Feb 2020)Masterplan Project (2017)

Current Progress (Aug’20)

Progress Konstruksi

▪ Apartement Lot 1 (Finishing Arsitektur)

▪ Mall (Lantai 4)

▪ Ruko (Selesai)

▪ Target BAST Lot 1 : Maret 2021

▪ Target Proyek Selesai : 2026

GATEWAY PARK PROJECT ACHIVEMENT

Development Value

(All Development)

3,322,051

Development Value (Lot 1) 491,221

Development Unit (Lot 1) 871

Contract Value (Lot 1) 373.350

Unit Sold (Lot 1) 662

Sales Ratio (Lot 1)

(Cont. Value/ Dev. Value)

76%

Realisasi Kontrak Unit (Aug’20)

Kondisi Covid-19 Action Plan Marekting

Unit terjual s/d 2019: 579

Dalam Juta Rupiah

Development Amount Area (SG)

Apartment 5 Lot / 4,696 Unit 134,468 sqm

Mall 1 18,110 sqm

Shophouses 20 3,947 sqm

Land Area 63,676 sqm

➢ Gateway Park adalah Proyek dengan

konsep TOD mixed use terhubung

dengan Stasiun LRT Jaticempaka.

➢ Proyek GWP merupakan KSO antara UJP

& Adhi Commuter Property

General Overview

7

12

6

3

5

8

14

18 18

Jan feb Mar Apr May Jun Jul Aug Sep

Construction (Feb 2020)Masterplan Project (2018)

Current Progress (Aug’20)

URBAN SIGNATURE PROJECT ACHIVEMENT

Kondisi Covid-19 Action Plan Marekting

Unit terjual s/d 2019: 528

Dalam Juta Rupiah

Land Area 62,239 sqm

➢ Urban Signature adalah Proyek dengan

konsep TOD mixed use terhubung

dengan Stasiun LRT Ciracas

➢ Proyek USC merupakan KSO antara UJP

& Adhi Commuter Property

General Overview

Progress Konstruksi

▪ Apartment Tower 1 : Lantai Podium

▪ Commercial Area Tower 1 : Lantai 2

▪ Construction Progress are on

Schedule

▪ Target Proyek Selesai : 2027

Development Amount Area (SG)

Tower 5 Tower/ 3,688 153,574 sqm

Commercial

Area

3 13,644 sqm

Realisasi Kontrak Unit (Aug’20)

Development Value

(All Development)

3,722,084

Development Value (Tower 1) 625,149

Development Unit (Tower 1) 1,087

Contract Value (Tower 1) 317,462

Unit Sold (Tower 1) 552

Sales Ratio (Tower 1)

(Cont. Value/ Dev. Value)

50%

12

24

8

4 5 6 5

14

4

Jan feb Mar Apr May Jun Jul Aug Sep

Construction (Feb 2020)Masterplan Project (2018)

Current Progress (Aug’20)

URBAN SKY PROJECT ACHIVEMENT

Dalam Juta Rupiah

➢ Urban Sky adalah Proyek dengan konsep

TOD Mixed use terhubung dengan

Stasiun LRT Cikunir 1

➢ Proyek USky 100% Dimiliki oleh UJP

General Overview

Progress Konstruksi

▪ Konstruksi Apartment & Komersial

Area 45,77%

▪ Target Selesai Tower H 2021

▪ Target Selesai Tower T 2022

Realisasi Penjualan

Land Area 12,597 sqm

Development Amount Area (SG)

Tower 2 Tower/ 3,306 86,650 sqm

Mall 1 2,363 sqm

Development Value

(All Development)

1,232,200

Development Unit (Tower

1&2)

3,306

Contract Value (Tower 1&2) 1,184,924

Unit Sold (Tower 1) 3,306

Average Selling Price 13,8

Sales Ratio (Tower 1)

(Cont. Value/ Dev. Value)

100%

Bulk Sales (3,245 Unit)

Retail Sales (61 Unit)

2018

2018-2019

15

PT URBAN JAKARTA PROPERTINDO

NEW PROJECT TO BE LAUNCHED

Development Amount Area (SG)

Tower 2 Tower/ 800 44,213 sqm

Mall 1 12,000 sqm

Development Amount Area (SG)

Tower 2 Tower/ 800 44,213 sqm

Mall 1 12,000 sqm

Jakarta River City Project1. Satu-Satunya proyek seluas 6 ha dengan konsep riverside parkland residential

development2. Connect – Terhubung dengan LRT Ciliwung3. Middle & Middle-up Residentials Market Segment4. Upscale Speciality F&B Lifestyle Commercial Area5. Airport City Check-in

Development Amount Area (SG)

Apartment 8 Block/ 3,901 202,112 sqm

Commercial 1 8,640 sqm

Office 1 3,400 sqm

18

PT URBAN JAKARTA KOMERSIAL

PROJECT ACHIVEMENT 9M - 2020

Gateway Park MallUrban Suites MallJRC Comm. Area

Current Assets Pipeline Assets

Urban Signature Mall

99,9%

PT URBAN JAKARTA KOMERSIAL – PORTOFOLIO MALL

Masterplan 2017

Construction as of Aug 2020

Tenant Commitment

(as of June 20)

30%

35%

40% 41%

Mar Apr May Jun

Lease 7.890 sqm (41%)

Vacant 9.651 sqm

➢ Tenant engagement has been started from Dec 2019

➢ Total Lease Area (NLA) 18,110 sqm

➢ Construction will be finished on Jun 2021

➢ Grand opening estimated on Apr 2021

➢ Lease Rate (Regular Tenant) IDR 200k/sqm

URBAN JAKARTA KOMERSIAL – GWP MALL & USC MALL

Masterplan 2017

Construction as of Aug 2020

50%

51%

Mar Jun

Lease 2.385 sqm (51%)

Vacant 2.264 sqm

Tenant Commitment

(as of June 20)

➢ Tenant engagement has been started from Dec

2019

➢ Total Lease Area 4.601 sqm

➢ Construction will be finished on Mar 2021

➢ Grand opening estimated on Apr 2021

➢ Lease Rate (Regular Tenant) IDR 230k/sqm

PUBLIC EXPOSE IN SUMMARY

Delivering ProjectsMaintaining Good

Corporate Governance

Achieving Target of

Sales and Construction

on 4 Projects

To be a Sustainable

Property Company

Expanding New

Business

Doing another TOD

Projects

Doing Commercial

Business as Recurring

KEY SUMMARIZE URBAN JAKARTA 2020

Penjualan dan Konstruksi Berjalan Sesuai

Rencana

1

Kelanjutan Menyelesaikan 4 Proyek Eksisting

2

Optimalisasi Neraca Keuangan dengan

Akuisisi Proyek Baru

3

MOST PRIORITY PLANNING

THANKYOU FOR YOUR ATTENTION

Contact usPT Urban Jakarta Propertindo, TbkKantor PusatDistrict 8, Treasury Tower 19th Floor Unit F-GJl. Jend. Sudirman Kav. 21Karet, Setiabudi,Jakarta Selatan 12920Telp : +62 21 889 78888Website : www.ujp.co.idEmail : triracchman.batara@ujp.co.id