company update - pt waskita toll road

COMPANY UPDATE

April 20211

CORPORATE STRUCTURE OF WASKITA GROUP

Waskita Group, which has vertically integrated business lines, has supported PT Waskita Toll Road (WTR), particularly with the capability and extensive experience in the field of construction and precast concrete.

99.99% 81.475% 59.99% 99.99%

WBP is supplying precast concrete to support the execution of Waskita’s projects, including WTR toll roads, hence the quality of concrete can always be maintained.

WTR collaborates with Waskita, as the contractor of the projects, which ensures the projects completion time and quality.

Enhancing WTR's ability to complete the project on schedule with the best

quality

Waskita is one of the leading construction companies in Indonesia.

▪ Waskita has more than 50 years experience in construction business with proven track records.

▪ Selected Waskita projects :

WBP has business activities in the field of marketing, production, design, development and expedition of precast.

▪ Currently, WBP is one of the biggest precast and readymix concrete manufacturing in Indonesia.

▪ WBP has 11 concrete plants with the production capacity of 3.25 million tons every year.

▪ Selected WBP Projects:

Bali –Mandara Toll Road

Benoa Toll Road

Gempol –Pasuruan Toll Road

Nusa Dua –Ngurah Rai Toll

Gempol–Porong Toll

Gempol –Pasuruan Toll

2

Overview of PT Waskita Toll Road (“WTR”) Currently, WTR owns 15 toll roads, of which 13 toll roads are already in operation and when all of the projects are completed, it will become a leading toll road company with a total length of +771,27 km.*

PT Waskita Toll Road (“WTR”), establishedon June 19, 2014 is a subsidiary of Waskitathat focuses on investing and managing tollroad in Indonesia.

WTR business growth strategy is throughthe acquisition of toll road concessions thatare still greenfield projects, initiation ofunsolicited projects, and participation inbidding project tender.

To be a leading company in Indonesia in toll road investment.

Continously increasing company value through :

1. Competent Human Resource

2. Integrated Systems and Technologies

3. Synergies with business partners

4. Innovation

MISSION

VISION

81,475%

PT Citra Waspphutowa("CW")

18,20%

PT Jasamarga Semarang

Batang ("JSB")

40.00%PT

Waskita Sriwijaya

Tol (“WST")

98.18%

7,904% 10,621%

PT Waskita Bumi Wira (“WBW")

99.82%

PT Trans Jabar Tol ("TJT")

99.99%

PT Hutama Marga

Waskita

(“HMW”)

30.00%

PT Citra Karya

Jabar Tol(“CKJT”)

15.00%

PT Pejagan

Pemalang Tol Road (“PPTR”)

99.99%

PT Trans Jawa

Paspro Jalan Tol ("TJPJT")

99.99%

PTWaskita

Trans Jawa Toll Road (“WTTR”)

39.50 %

PT Semesta Marga Raya

(“SMR”)

77.69%

PT Cibitung Tanjung

Priok Port Tollways (“CTP”)

55.00%

*as of March 21

CORPORATE STRUCTURE*

PT Pemalang Batang Tol

Road (“PBTR”)

60.00%

PT Kresna Kusuma Dyandra Marga

("KKDM")

69.70%PT

Cinere Serpong

Jaya("CSJ")

35.00%

PT Cimanggis Cibitung Tollways ("CCT")

90.00%

Sumatera Area

Non Transjava

Transjava

3

WTR’S INVESTMENT IN TOLL ROAD

▪ The main players of toll road industry are (i) Jasa Marga (±1,527 km toll road in 2018)*, (ii) Waskita (±771,27 km for 15 toll roads through WTR in April 2021), (iii) Hutama Karya (±650 km in 2019)**.

▪ Besides Java, WTR is also active in developing toll roads in Sumatra, namely Kayu Agung-Palembang-Betung toll road (111.69 km), and Kuala Tanjung – Tebing Tinggi – Parapat toll road (143.25 km).

* Public Expose of Jasa Marga September 2018**Public Expose of Hutama Karya 2019

Full Operation

Partial Operation

Under Construction

HMW(Kuala Tanjung-Tebing

Tinggi-Parapat)143.25 km

WST(Kayu Agung-

Palembang-Betung)111.69 km

TJT(Ciawi-Sukabumi)

54.00 km

CKJT(Cileunyi-Sumedang-

Dawuan)60.10 km

SMR (Kanci-Pejagan)

35.00 km

CW(Depok-Antasari)

27.95 km

CSJ(Cinere-Serpong)

10.14 km

CCT(Cimanggis-

Cibitung)25.38 km

KKDM(Bekasi-Cawang-

Kampung Melayu)16.02 km

CTP(Cibitung-Cilincing)34.00 km

PPTR(Pejagan-Pemalang)

57.5 km

PBTR(Pemalang-Batang)

39.20 km

JSB(Batang-Semarang)

75.00 km

WBW(Krian-Legundi-

Bunder-Manyar)38.29 km

TJPJT(Pasuruan-

Probolinggo) 43.75 km

PT Waskita Transjawa Toll Road

4

GOVERNMENT’S SUPPORT TO ACCELERATE TOLL ROAD DEVELOPMENTAs one of the strategic project, the Government gives full support, both in investment and regulation side, for the toll road development in order to boost connectivity and lower the logistic fee.

TOLL ROAD MASTER PLAN

The government has ed to operate 6,115 km toll roads on 2025.Therefore, each of toll road construction will be supported by thegovernment to achieve.

GOVERNMENT’S ROLE

Ministry of Public Works & Housing Regulation Number 18/PRT/M/2016

▪ The land acquisition for toll road construction is theresponsibility of the Government and the fund may beoriginating from the State Budget, which can becovered first by Business Entity.

▪ The land acquisition fund for Toll Road construction isprovided by the Government through the appointedagencies, which is the Public Service Agencies (BLU) ofState Asset Management.

▪ In the case of Public Service Agencies of State AssetManagement referring to sentence yet to operate, theBusiness Entities could use the Business Entity’s fundfor land acquisition.

▪ Public Service Agencies of State Asset Management willreimburse the business entity’s fund that used for landacquisition.

▪ The Commitment Maker Official of land acquisition(”PPK Pengadaan Lahan”) will be in charge to executethe land acquisition and will provide compensation tothe holders of land rights.

SUMATERA

2,865 Km

JAWA

2,815 Km

KALIMANTAN

99 Km

BALI

229 Km

SULAWESI

107 Km

Toll Road Operating in 2025 = 6.115 KmEstimated Investment Cost = USD 51,642 Million

Source: Ministry of Public Work and Housing

Regulator Funding Guarantee

In 2016, the government issued new regulation to accelerate landacquisition process, which is currently a main obstacle in thecompletion of toll road projects.

NEW REGULATION TO ACCERELATE LAND ACQUISITION

5

INFORMATION SUMMARY

No Subsidiaries Toll Road RouteOwnership

%

Toll Length(Km)

EstimatedInvestment

Cost (IDR Tn)

EstimatedEquity

Portion (%)Source

1 PT Waskita Transjawa Toll Road 39.50

- PT Semesta Marga Raya Kanci-Pejagan 77.69* 35.00 2.5 37 PPJT 2018

- PT Pejagan Pemalang Toll Road Pejagan-Pemalang 99.99* 57.50 7.6 30 PPJT 2020

- PT Transjawa Paspro Jalan Tol Pasuruan-Probolinggo 99.99* 43.75 6.3 40 PPJT 2020

4 PT Cimanggis Cibitung Tollways Cimanggis-Cibitung 90.00 26.18 10.6 30 PPJT 2020

5 PT Cibitung Tanjung Priok Port Tollways Cibitung-Cilincing 55.00 34.76 12.9 30 PPJT 2020

6 PT Cinere Serpong Jaya Cinere-Serpong 35.00 10.14 3.8 30 PPJT 2020

7 PT Kresna Kusuma Dyandra MargaBekasi-Cawang-Kampung

Melayu69.70 16.02 9.5 35 Business Plan 2020

8 PT Trans Jabar Tol Bogor-Ciawi-Sukabumi 99.99 54.00 11.7 30 PPJT 2020

9 PT Citra Waspphutowa Depok-Antasari 18.20 27.95 6.6 32 PPJT 2019

10 PT Citra Karya Jabar Tol Cileunyi-Sumedang-Dawuan 15.00 60.10 8.4 30 PPJT 2017

11 PT Pemalang Batang Tol Road Pemalang-Pekalongan-Batang 60.00 39.20 7.8 30 PPJT 2019

12 PT Jasamarga Semarang Batang Batang-Semarang 40.00 75.00 13,9 30 PPJT 2020

13 PT Waskita Bumi WiraKrian-Legundi-Bunder-

Manyar99.90 38.29 12.9 44 PPJT 2020

14 PT Hutama Marga WaskitaKuala Tanjung – Tebing Tinggi

- Parapat30.00 143.25 14.8 30 Business Plan 2020

15 PT Waskita Sriwijaya TolPalembang – Kayu Agung -

Betung98.18 111.69 22.17 30 PPJT 2020

Note * : WTTR ownership at SMR, PPTR and TJPJT. 6

WTR’S COMMITMENT IN PROJECT SETTLEMENT (1/3)As part of Trans-Java Toll Road, WTR’s concession is spread across 250,45 km which is divided into 5 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”)

alongside with the other shareholders.

43.75

START CONSESSION

STARTOPERATION

LENGTH (KM) CONSESSION PERIOD (YEAR)

40

2019

TJPJT(Pasuruan-Probolinggo)

2017

35

SMR(Kanci-Pejagan)

START CONSESSION

STARTOPERATION


2008 2010

35

START CONSESSION

STARTOPERATION


2014 2016

57.5 48

PPTR(Pejagan-Pemalang)

39.2

START CONSESSION

STARTOPERATION


50

2018

PBTR(Pemalang-Batang)

20162018

50

START CONSESSION

STARTOPERATION


JSB(Batang-Semarang)

75

2016

7

111.69

START CONSESSION

START OPERATION


50

2020

WST(Kayu Agung – Palembang –

Betung)

45

TJT(Ciawi - Sukabumi)

START CONSESSION

START OPERATION


2015 2018

54.00

2016

START CONSESSION

START OPERATION


2015 2020

25.38 35

CCT(Cimanggis - Cibitung)

45

START CONSESSION

START OPERATION


2016 2017

16.02

KKDM(Bekasi – Cawang –Kampung Melayu)

WTR’S COMMITMENT IN PROJECT SETTLEMENT (2/3)

START CONSESSION

START OPERATION


2018 2021

34.00 50

CTP(Cibitung Cilincing)

WTR’s concession in non Trans-Java Toll Road is spread across 520.82 km which is divided into 10 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”)alongside with other shareholders.

2020

45

START CONSESSION

START OPERATION


WBW((Krian – Legundi – Bunder -

Manyar

38.29

2018

8

2018

40

START CONSESSION

START OPERATION


CW(Depok - Antasari)

27.95

2016

START CONSESSION

START OPERATION


2019 2022

143.25 40

HMWKuala Tanjung –

Tebing Tinggi - Prapat

START CONSESSION

START OPERATION


2018 2021

60.10 40

CKJTCileunyi – Sumedang -

Dawuan

WTR’S COMMITMENT IN PROJECT SETTLEMENT (3/3)WTR’s concession in non Trans-Java Toll Road is spread across 520.82 km which is divided into 10 toll roads under each operating company known as the Toll Road Business Agency (“BUJT”or “Badan Usaha Jalan Tol”)alongside with other shareholders.

10.14

START CONSESSION

START OPERATION


35

2021

CSJ(Serpong - Cinere)

2017

9

Thank You

Investor RelationsPT Waskita Toll Road

Gedung Waskita Rajawali Tower Lt.7

M.T Haryono Kav. 12-13 RT.04/RW.011

Jakarta Timur, Indonesia 1333

Phone: +6221 851 555 6/8

Email : [email protected]

company update - pt waskita toll road

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