PT SURYAMAS DUTAMAKMUR TBK

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1 PT SURYAMAS DUTAMAKMUR TBK

2 PUBLIC EXPOSE Friday, 12 December 2014 R Hotel Rancamaya, Bogor

3 TABLE OF CONTENTS I. Company Overview II. Property Industry Updates III. Financial Performance IV. Strategic Initiatives

4 I. Company Overview PT SURYAMAS DUTAMAKMUR TBK

COMPANY AT A GLANCE One of the premium real estate developer in Greater Bogor Supported by strong majority shareholders, Top Global Limited (71,52%) ownership as of October, 2014 Posses some

Pangrango, Bogor City and Biotrop natural forest. While Harvest City, stands as one of the biggest new city developments in East of Cibubur, the newest hub in Jagorawi Corridor.

5 COMPANY AT A GLANCE One of the premium real estate developer in Greater Bogor Supported by strong majority shareholders, Top Global Limited (71,52%) ownership as of October, 2014 Posses some premium strategic location projects such as Rancamaya Golf Estate and Royal Tajur, which offering unique and beautiful location of natural view of Mt. Salak, Mt. Pangrango, Bogor City and Biotrop natural forest. While Harvest City, stands as one of the biggest new city developments in East of Cibubur, the newest hub in Jagorawi Corridor. Have developed above average facilities, Rancamaya Golf and Country Club, R Hotel Rancamaya, Highscope Indonesia School Rancamaya, and others. Have succeeded in maintaining loyal customer by delivering quality products in property.

6 SURYAMAS VISION & MISSION Vision To become one of the five reputable developers and operators in Indonesia. Mission With a professional and long-sighted team, we create high quality housings, golf courses and support facilities to meet clients requirement and satisfaction.

7 SURYAMAS MILESTONE PT SURYAMAS DUTAMAKMUR TBK

PT SURYAMAS DUTAMAKMUR TBK Integrated Business Operations

8 SURYAMAS KEY STRENGTHS Strategic Location Synergy of Management Support and Strong Committed from Shareholders PT SURYAMAS DUTAMAKMUR TBK Integrated Business Operations Stable and Flexible Raw Land/ Land Bank Diverse Product Portfolio

9 STRATEGIC LOCATION RANCAMAYA can be reached through Jagorawi Toll road and only 1 hour from Jakarta MAHOGANY is located at 13 km from Jakarta and 24 km from Jakarta CBD

located about 15 miles from East Jakarta and can be reached through

10 STRATEGIC LOCATION (Continued) ROYAL TAJUR is located in one of the center of Bogor City and in commercial area of Tajur in Bogor HARVEST CITY is located about 15 miles from East Jakarta and can be reached through Jagorawi Toll Road exit gate Cibubur. The location lies in two districts, Bogor and Bekasi

11 Integrated Business Operations 81 Ha

DIVERSIFICATION OF PRODUCT PORTFOLIO Rancamaya Golf

Small House Small House Small House (45-72 sqm) (22-36

(45-65 sqm) Medium House (72-80 sqm) (2004-2008) Sold

12 DIVERSIFICATION OF PRODUCT PORTFOLIO Rancamaya Golf Estate Harvest City Royal Tajur Mahogany Residence Small House Small House Small House (45-72 sqm) (22-36 sqm) (45-51 sqm) Medium House (75-87 sqm) Medium House (45-65 sqm) Medium House (72-80 sqm) ( ) Sold Out Big House Big House Big House ( sqm) (75-87 sqm) (129 sqm)

13 RANCAMAYA GOLF ESTATE PT SURYAMAS DUTAMAKMUR TBK

14 ROYAL TAJUR 14

15 HARVEST CITY PT SURYAMAS DUTAMAKMUR TBK

16 MAHOGANY RESIDENCE Main Gate Residence Medium House Club House Big House 16

17 R HOTEL RANCAMAYA Situated in the heart of a 2.5 ha lush garden at the highest elevation of Rancamaya Golf Estate Modern clean Lobby atmosphere Patio Lounge with live music and garden view atmosphere Interactive show kitchen Pavilion Magnificent column-free Ballroom Lagoon outdoor swimming pools with outstanding design 17

18 STABLE AND FLEXIBLE RAW LAND/ LAND BANK PT SURYAMAS DUTAMAKMUR TBK Total License Area per project: Rancamaya Golf & Estate 700 ha Royal Tajur 81 ha Harvest City 1,050 ha

SYNERGY OF MANAGEMENT SUPPORT AND STRONG

Public & Others Supported by a strong majority

19 SYNERGY OF MANAGEMENT SUPPORT AND STRONG COMMITTED FROM SHAREHOLDERS PT SURYAMAS DUTAMAKMUR TBK 16.04% 12.44% Top Global Limited Far East Holding Ltd. Public & Others Supported by a strong majority Shareholders, Top Global Limited (71.52%) based on ownership as of 14 October %

20 SURYAMAS AND ITS SUBSIDIARIES PT SURYAMAS DUTAMAKMUR TBK PT PERMAINUSA MEGACITRA PT RANCAMAYA ASRI GOLF & COUNTRY PT SAPTAKREASI INDAH PT MULTIRAYA SINARINDO PT GOLDEN INTEGRITY SEJATI PT TAJUR SURYA ABADI PT INTI SARANA PAPAN PT GOLDEN EDUKASI ABADI

21 PT SURYAMAS DUTAMAKMUR TBK ASIA S ONE OF THE BEST GOLF AND COUNTRY CLUB PERFECTLY BLEND WITH BOUTIQUE HOTEL, RANCAMAYA GOLF & COUNTRY CLUB AND R HOTEL

22 II. Property Industry Updates

23 PROPERTY INDUSTRY UPDATES The increases price of property is moving slowly in year of year (YoY), which is only 6.53% lower than 7.40% (YoY) for the previous third quarter. The slowing increases is happened in all type of landed house especiallythe small type of houses. The sales growth untul the 3 rd quarter of 2014 is slowing down. This was reflected by the decreases of the houses mortgage by the Banks to property sector. The growth of houses mortgage on 3rd quarter of 2014 only achieved to 0.03% (QtQ), lower than the 2 nd quarter of 2014 for 7.68% (QtQ) Factors which impactto the growth in property business, are due to the increases of : Bank Interest (23,43%), Down Payment of Houses (18,1%), Price Material (17,45%), Relevant License (14,1%) Internal cash flow of the company become the main source of fund that spent for the property construction is 63,73%, while the consumers who uses the benefit of house mortgage system achieved to 76,07%. Sources: Residential Property Price Survey in Primary Market by Bank Indonesia (

24 SOURCE OF FUNDS COMPOSITION Developers Consumers Sources: Residential Property Price Survey in Primary Market by Bank Indonesia (

25 III. Financial Performance PT SURYAMAS DUTAMAKMUR TBK

26 SEGMENT REVENUE PER 31 OCTOBER % 2% 1% 12% 82% Real Estate Golf Estate Management Hotel Others

27 FINANCIAL PERFORMANCE INCOME STATEMENT PT SURYAMAS DUTAMAKMUR TBK 450, , , , , , , ,000 Revenue COGS Gross Profit Operational Expense Other Operational Income/Expense Income Before Tax Net Comprehensive Income 50, ,000 OCT 2013 OCT 2014 PROFORMA 2014

28 FINANCIAL PERFORMANCE BALANCE SHEET 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 - TOTAL ASSET TOTAL LIABILITIES TOTAL EQUITY Dec-13 Oct-14

29 SALES PERFORMANCE LAND AND BUILDING Unit SMDM HC TSA 2013 Oct-14 Proforma , , , ,000 50,000 - In Million Rupiah SMDM HC TSA 2013 Oct-14 Proforma

30 IV. Strategic Initiatives PT SURYAMAS DUTAMAKMUR TBK

31 FUTURE PROJECTS OF SURYAMAS Royal Tajur II Is the next product of Royal Tajur which have been anticipated. The residential will have a combination of three elements of lifestyle investment, namely aesthetic residence, healthy living and complete facilities Summit Height Apartment Two Towers Apartment - Limited & spacious units in premium location with spectacular views. Adopts modern clean design and complete neighborhood facilities. Rancamaya II After succeed with luxiuries project of Rancamaya I, Suryamas next milestone will be Rancamaya II in total area of 76 ha located side-byside with Rancamaya I 31

32 MORE NEW CLUSTERS AND NEW FACILITIES Rancamaya Summit Height Richmond Peak Harvest City Cluster Rose Mary Oriental Market and Harvest Box. Royal Tajur Cluster The Bradfield 32

33 CORPORATE MARKETING STRATEGY AND PROGRAMS Property products is tailored with consumer needs Investment allocation according to business framework priorities Maintain the balance between development and green environment Creativity in design, innovative, functional which are blended with nature Anticipate to Bogor Inner Ring Road and Toll road of Ciawi- Sukabumi which give contribution to the access of Rancamaya Golf Estate

34 THANK YOU 34

Top Global Limited. Reach for the skies. Shareholder Presentation for Extraordinary General Meeting. 14 October 2014

Top Global Limited. Reach for the skies. Shareholder Presentation for Extraordinary General Meeting. 14 October 2014 Top Global Limited Shareholder Presentation for Extraordinary General Meeting 14 October 2014 Table of Contents Deal Outline Indonesia Overview About PT Suryamas Dutamakmur Tbk Suryamas Projects Financials