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Aug 2018 PT INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA Tbk Company Profile Updates

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Page 1: PT INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA Tbk …file.bintracodharma.com/cars__company_profile_updates_jun18-0ae2b-2742_211.pdf · ENGINEERING OUR FUTURE This presentation has been

Aug 2018

PT INDUSTRI DAN PERDAGANGANBINTRACO DHARMA Tbk

Company Profile Updates

Page 2: PT INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA Tbk …file.bintracodharma.com/cars__company_profile_updates_jun18-0ae2b-2742_211.pdf · ENGINEERING OUR FUTURE This presentation has been

ENGINEERING OUR FUTURE

This presentation has been prepared by PT Industri dan Perdagangan Bintraco Dharma Tbk, abbreviated as “Bintraco” or “Bintraco Dharma”, independently and is circulated for the purpose of general information only. It is not intended for the specific person who may receive this presentation. The information in this presentation has been obtained from sources which we deem reliable. No warranty (expressed or implied) is made as to the accuracy or completeness of the information. All opinions and estimations included in this presentation constitute our judgment as of this date and are subject to change without prior notice.

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 presentation and neither PT Industri dan Perdagangan Bintraco Dharma Tbk and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this presentation and any inaccuracy herein or omission here from which might otherwise arise.

Cautionary note on forward-looking statements: This presentation may contain statements regarding the business of PT Industri dan Perdagangan Bintraco Dharma Tbk and its subsidiaries that are of a forward-looking nature and are therefore based on management's assumptions about future developments. Forward-looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those targeted, expected or projected due to several factors. Potential risks and uncertainties includes such factors as general economic conditions, foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. The reader and/or listener is cautioned to not unduly rely on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward-looking statements.

Disclaimer

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ENGINEERING OUR FUTURE 3

Disclaimer 2

1. Bintraco Dharma Highlights 4

2. Business Segments 10

3. Current Financial Updates 22

Table of Contents

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Section 1Bintraco Dharma Highlights

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ENGINEERING OUR FUTURE 5

✓ PT Bintraco Dharma Tbk (“Bintraco” or the “Company”) is a leading automotive dealer in Indonesia especially in Central Java and Daerah Istimewa Yogyakarta (except Kudus and Jepara) and has been established since 1969

✓ PT New Ratna Motor (NRM) as subsidiary of Bintraco is the pioneer Toyota dealers in Central Java & Daerah Istimewa Yogyakarta providing the best ownership experience. The brand name for automotive dealer under NRM be known as Nasmoco

✓ The Company via PT Andalan Finance Indonesia (AFI) provides financing services for new & used cars throughout Indonesia

✓ Strong relationship with ToyotaAs of 2018, Toyota renowned for Brand image with sales over 30% market share in Indonesia

✓ Integrated network - 24 Dealers in Central Java & Daerah Istimewa Yogyakarta (except Kudus and Jepara)- 43 Financing Branches & 1 outlet across the nation

✓ Strong Consumer Base in the last 3 years- Sold 80,000+ cars; - Repaired 1,000,000+ cars; & - Financed 100,000+ cars

About BintracoLeading Brands

Overview of Bintraco Dharma

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ENGINEERING OUR FUTURE 6

Milestones

1960-1975 1976-2000 2001-2005 2006-2013 2014-2017

• 1969: PT Bintraco Dharma was founded

Bintraco Dharma

• 2017: Initial Public Offering of Share

18 Subsidiaries

New Ratna Motor

• 1961: NV Ratna DewiCompany was founded.

• 1972: Appointed as Toyota Main Dealer in Central Java & DI Yogyakarta (Nasmoco Pemuda).

• 1973: Changed its name to PT New Ratna Motor.

• 1974: Opened dealers in: - Slamet Riyadi Solo & - Mlati (DI Yogyakarta).

• 1977: Opened dealers in - Kaligawe (Semarang), - Magelang, - Pekalongan &- Purwokerto.

• 1978: Opened dealer in Cilacap.

• 1980: Opened dealer in Salatiga.

9 total outlets 13 total outlets

• 2003: Opened dealers in: - Janti (DI Yogyakarta) &- Majapahit(Semarang)

• 2005: Opened dealers in: - Gombel (Semarang)- Solo Baru.

17 total outlets

• 2012: Opened dealers in - Bantul, - Tegal & - Wonosobo.

• 2013: Opened dealer in Brebes.

22 total outlets

• 2014: Opened dealers- Siliwangi (Semarang), - Karangjati &- Ringroad Solo.

• 2015: Opened dealer in Pati.

• 2016: Opened dealer in Klaten.

• 2014: Opened dealers- Siliwangi (Semarang), - Karangjati &- Ringroad Solo.

• 2015: Opened dealer in Pati.

• 2016: Opened dealer in Klaten.

• 2018: Opened in Demak & Purbalingga

24 total outlets

Andalan Finance Indonesia

• 1995: Founded with the name of PT Nasmoco Finansia

• 1997: Changed name to PT Nasmoco AndalanMultidana.

• 2003: Changed name to PT Andalan Finance Indonesia.

• 2005: Established new division Nasmoco Kredit.

• 2007: Established new division Andalan Rental.

• 2017: Owning 42 branches and 2 outlet in its network.

• 2018: Owning 43 branches and 1 outlet in its network.

2018

• 2018: Establish PT CARSWORLD Digital Indonesia

20 Subsidiaries

Meka Adipratama• 1992: PT Meka

Adipratama was founded• 2008: Started

CARfix WR Supratman (Smg) & Solo

• 2012: Started CARfix Tugu (Smg)

• 2017: Started CARfixJogja, CARfix Mrican(Semarang), CARfixMajapahit (Semarang)

• 2018: Acquired PT Graha Arta KaltimSentosa

• Strengthened distribution network in Central Java and Yogyakarta area

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ENGINEERING OUR FUTURE 7

Business Structure and Effective Ownership

Bintraco Dharma

PT Andalan Finance Indonesia (96.0%)

PT Meka Adipratama(52.2%)

PT Meka Mekar Niaga(52.6%)

PT Graha Arta Kaltim Sentosa (98.9%)

PT Global Carfix Indonesia (52.2%)

PT New Ratna Motor (90.0%)PT Nasmoco (88.7%)

PT Chandra Pratama Motor (89.9%)PT Nasmoco Pratama Motor (89.9%)

PT Nasmoco Karangjati Motor (79.8%)PT Nasmoco Bahtera Motor (59.8%)PT Nasmoco Bahana Motor (53.8%)

Automotive Financing

PT Bahtera Multi Niaga (66.7%)PT Semarang Diamond Citra (65%)

PT Sumber Bahtera Mandiri (59.8%)PT Graha Bahana Mandiri (53.8%)

PT Gema Adipradana Indah (99.9%)PT Ulticar Oto Galeri (69.9%)PT Mitra Oto Prima (84.9%)

PT CARS WORLD Digital Indonesia (99.9%)

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ENGINEERING OUR FUTURE 8

Board of Commissioners and Board of Directors

Board of Commissioners

Board of Directors

Simon Harto Budi

President Commissioner

22 years with BintracoGroup

Jonathan Budi

Commissioner

Starting career from Toyota up to now

Sebastianus Harno Budi

President Director

27 years with BintracoGroup

Fatrijanto

Director

25 years with Bintraco Group

Joko Tri Sanyoto

Director

42 years in Toyota, 4 years with BintracoGroup

Benny Redjo Setyono

Vice President Director

20 years in Senior Management position in Automotive Industry, 2 year with Bintraco Group

Margeret Mutiara Tang

Independent Commissioner

30 years in many industries, 1 year with Bintraco Group

David Iskandar

Independent Director

24 years in Automotive and Finance Industry

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ENGINEERING OUR FUTURE

Business Strategies

Automotive Financing

Focus on Existing Business

Increase synergy . in Focused

Businesses

9

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Section 2Business Segments

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ENGINEERING OUR FUTURE

Automotive Business

PT New Ratna Motor (NRM) as subsidiary of Bintraco is thepioneer Toyota dealers providing the best ownershipexperience in Central Java & Daerah Istimewa Yogyakarta(except Kudus and Jepara). The Brand name of NRM isknown as Nasmoco. NRM owns Meka aftersales business.

o Integrated distribution networks & informationtechnology

o Service excellence

o The Toyota Founder Dealer in Central Java & DaerahIstimewa Yogyakarta, except in Kudus & Jepara

o Effectively implemented Kaizen Principle

o Experienced management team

o Strong relationship with Toyota

o Sustainable human resource development system

o Strong customer baseSource : Company Information

After Sales Revenue (IDR Bio)

2013 2014 2015 2016 2017 1H18

553667

775879

1,005

579.01

Unit Sales of Vehicle

Key Highlight

Competitive Advantages

Automotive Sales & Service Center Results

33.7%32.4%

29.1%

31.9% 31.9%30.3%

Market Share

2013 2014 2015 2016 2017 1H18

29,95826,995

23,000

27,185 28,480

13,880

11

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ENGINEERING OUR FUTURE

✓Highly extensive distribution of Automotive Business in Central Java & Daerah Istimewa Yogyakarta

✓Market share +30% in the primary marketing area

Automotive Distribution network

12

Authorized Dealers

Flexible Outlets

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ENGINEERING OUR FUTURE

Apr 2017New Agya

Aug 2017Fortuner TRD

Jan 2018New Yaris

Nov 2017All New Rush

Automotive Business: New Products Launched

13

Apr 2018All New C-HR

Apr 2018Vios

Aug 2017All New Voxy

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ENGINEERING OUR FUTURE 14

Selected National Awards – Vehicle Sales & After Sales

2015Nasmoco Kaligawe

- Best Branch Manager (1st winner)- Skill Contest Body (1st winner)

- GR Marketing Kaizen Contest (Best Innovation)- Best Outlet After sales Performance Body &

Paint (Group 1)

Nasmoco Ringroad SoloBody Repair Kaizen Contest (1st winner)

Nasmoco Slamet RiyadiGR Marketing Kaizen Contest (1st winner)

Nasmoco Pemuda- Best Service Manager (3rd winner)

- Best Outlet Aftersales Performance General Repair (Group 1)

- Best Technical Handling (1st winner)

NasmocoJD Power Sales Satisfaction Index & Customer

Service Index Area The Best CRC Person (1st winner)

2016Nasmoco Pemuda

Best Outlet Sales PerformanceBest Outlet for Beating Honda

Nasmoco MlatiBest Outlet After Sales Performance GR

Best of the Best After Sales Performance GR

Nasmoco BrebesBest Outlet After Sales Performance BP

Best of the Best After Sales Performance BP

Nasmoco BantulBest Branch Manager (1st winner)Best Service Manager (1st winner)

Best Supervisor (1st winner)

Nasmoco KaligaweBody Technician (1st winner)GR Technician (1st winner)

2017Nasmoco Mlati

- Outlet of The Year- Best Outlet Sales Performance

- Best Kaizen Leader (Service)

Nasmoco Pati- Best of the Best After Sales GR Performance

- Best Service Manager (2nd winner)

Nasmoco MajapahitBest Foreman (1st winner)

Nasmoco Pemuda- Best Sales Person (1st winner)

- Best Sales Supervisor (1st winner)

Nasmoco Bantul- Best Innovation National at

National Kaizen Innovation Marathon- Outstanding Kaizen Award (1st winner) at CS

Kaizen Evolution: Dealer Operation BP

Nasmoco- Best Partman (2nd winner)

- Best Car Dealer in Solo Area

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ENGINEERING OUR FUTURE 15

PT Andalan Finance Indonesia (“AFI”) is one of the keyplayers of auto financing in Indonesia due to managementexcellence & rapid growth of automotive.

➢ 43 branches and 1 outlet spread across Indonesia

➢ Providing fair & transparent service to customers

➢ Gaining customer’s trust by keeping customer’sconfidentiality

➢ Fast loan approval & credit disbursement process withprudence

➢ Strong source of financing & wide range of alternatives

➢ Strong customer base

Competitive Advantages

2013 2014 2015 2016 2017 1H18

7,293 8,324 6,024 6,277

7,691 3,277

19,092 20,93324,341

28,76133,740

21,288

New Car Used Car

Number of New Financing Facility (Unit)

2013 2014 2015 2016 2017 1H18

1,022 1,096816 919

1,256

534

1,570 1,6772,004

2,584

3,182

2,172

New Car Used Car

Total New Car vs Used Car Financing (IDR Bio)

Source : Company Information

Key Highlight New Cars vs. Used Cars

Financing Business

Source : Company Information

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ENGINEERING OUR FUTURE 16

✓Nationwide presence as platform to reach out to existing and potential customers✓ Proven expansion track record✓Hub-and-spoke strategy for expansion outside Java (Sumatera, Kalimantan, Sulawesi, and Bali)

Financing Distribution Network

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ENGINEERING OUR FUTURE 17

Golden TrophyPT Andalan Finance Indonesia for 9 years with predicate “SANGAT BAGUS”

Awards: Financing Business

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ENGINEERING OUR FUTURE

17,854 21,234

24,429

29,588

35,377

19,069

Unit Entry (unit) Revenue (mn Rp)

PT Meka Adi Pratama (MAP) is a distribution company ofvarious service parts and consumables with over 30 years ofexperience.

Meka Adipratama

Global Carfix Indonesia

PT Global Carfix Indonesia (GCI) is a subsidiary of MAPowning notable workshops network in Central Java &Daerah Istimewa Yogyakarta.

Total Revenue (IDR Bio)

Source : Company Information

After Sales Results

Competitive Advantages

o Experience & resilience as distributor with experiencemore than 30 years

o Excellent distributor wayo Utilizing reliable information & communication

technologyo Strong supply chain in aftersales business as MAP

guaranteeing availability of GCI parts supply

Revenue & Unit Entry CARfix

Automotive After Sales Business

18

2013 2014 2015 2016 2017 1H18

232 261

306 331

385

298

2013 2014 2015 2016 2017 1H18

34,023 32,837 43,985

52,684 55,878

29,944

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✓Well established distribution network in Central Java & Daerah Istimewa Yogyakarta✓High potential expansion growth of CARfix outlets in Central Java & Daerah Istimewa

Yogyakarta, also across Indonesia

4 Main Distribution Area Meka AdipratamaTotal Trading Outlets Meka are above 7000 outlets.

Jawa Tengah, 72%

Yogyakarta, 11%

Kalimantan, 16%

Others, 1%

Trading Outlet by Geographical Area

Jawa Tengah

70%Yogyakarta

7%

Kalimantan23%

Trading Outlet with Workshops

714 CARfix network

Automotive After Sales Distribution Network

19

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ENGINEERING OUR FUTURE

PRODUCT BRAND REMARKS LOGO CONTRIBUTION

BATTERYINCOE BATTERY 4W 27%

GS BATTERY 2W & 4W 15% 42%

LUBRICANTSHELL 2W & 4W 26%

EVALUBE 2W & 4W 5% 33%

AGIP 4W 2%

TYREMICHELIN PC & TB 4W 7%

KINGLAND 2W 2% 9%

SPAREPARTS DENSO PARTS 2W & 4W 8%

OSRAM HALOGEN 2W & 4W 3%

AISIN PARTS 4W 1.6%

EXEDY CLUTCH 4W 1%

KYB SHOCK ABSORBER 2W & 4W 1% 15%

ASPIRA PARTS 4W 0.4%

FORTAG PART 4W 0.3%

KX CAR CARE 4W 0.2%

CADIC IGNITION COIL 4W 0.03%

AKEBONO BRAKE 4W 0.01%

Par

eto

Pro

du

cts

Oth

er P

rod

uct

s

Automotive Aftersales Distribution Products

20

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ENGINEERING OUR FUTURE 21

Other Businesses

Andalan Rental

Toyota Tsusho Logistic Center & Toyota Tsusho Logistic Center Nasmoco Transport

Bayauc Nasmoco Investindo

Andalan Rental is car rental services that is part of NRM. Bythe end of 2016, rental volume was 550 units and already820 by the end of 2017. Andalan Rental plans to extendbusiness by providing rental of forklifts.

Aisan Nasmoco Industri

PT Aisan Nasmoco Industri (ANI) is a joint venture of NRMwith Toyota Tsusho Co. Ltd and Aisan Co. Ltd.ANI manufactures original parts components (OEM /Original Equipment Manufacturer) for cars (Toyota,Daihatsu, Nissan, Suzuki & Mazda) and motorcycles(Yamaha).

PT Toyota Tsusho Logistic Center (TTLC) is a logistic companyproviding vendor to vendor business, import-export service,bonded warehouse and general warehouse.PT Toyota Tsusho Logistic Center Nasmoco Transport (TTNT)is a joint venture between NRM and affiliates with ToyotaTsusho Co. Ltd. TTNT mainly supports delivery of vehicleunits and parts from PT Toyota-Astra Motor (TAM) to NRM.

PT Bayauc Nasmoco Investindo (BNII), established in end of2016 and fully operating in 2017, is a joint venture companybetween Bayauc Co. Ltd and NRM. BNII provides auctionplace for used cars. Total revenue in 2017 was Rp11.7billion.The 2017 revenue was based on 3908 units transactions,with transaction value Rp352.5billion.

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Section 3Current Financial Updates

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31 Dec 2017 30 Jun 2018

Audited Unaudited %Change

Total Assets 8,217 9,080 10%

Total Equity 1,698 1,758 4%

Return on Assets 2.5% 3.2%

Return on Equity 11.9% 16.3%

in billions Rp 2017 1H17 1H18

(unless otherwise stated) Audited Unaudited Unaudited %YoY

Net Revenue 7,202 3,521 3,772 7%

Gross Profit 1,101 560 609 9%

%Gross Profit Margin 15.3% 15.9% 16.2%

Net Profit* 202 115 143 25%

%Net Profit Margin 2.8% 3.3% 3.8%

23

*Net Profit is Profit Attributable to ShareholdersSource : Consolidated Financial Statements PT Bintraco Dharma Tbk as of Jun 2018

1H18 Results• Company booked revenue 3.8tn in 1H18, growing 7% driven by automotive +6% and financing +16%.

• Gross Profit grew 9% with better margin, thanks to new Rush.

• Net Profit was booked 143bn with 25% growth, as a result of efficiency and improvement in automotive segment also income contribution from associate company.

Executive Summary

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ENGINEERING OUR FUTURE 24

PT Bintraco Dharma Tbk

PT Graha Arta Kaltim Sentosa

PT New RatnaMotor

70%

0.11%

PT AhabeNiaga Selaras

Structure (before)

Structure (after)

Transaction PurposeThe purpose is to expand spare parts distribution area in order to strengthen network of Bintraco Dharma.

Transaction ValueTransaction value of acquisition of 949 shares GAKS from ANS amounted Rp29 billion in end of May 2018.

Profitability EffectBintraco Dharma will earn additional profit from GAKS distribution area.

Acquisition 949 shares of PT Graha Arta Kaltim Sentosa (GAKS) from PT Ahabe Niaga Selaras

PT MekaAdipratama

PT Ahabe Adhi Citra

99.89%

58%

27%

PT Bintraco Dharma Tbk

PT Graha Arta Kaltim Sentosa

PT New RatnaMotor

70%

0.11%

PT AhabeNiaga Selaras

PT MekaAdipratama

PT Ahabe Adhi Citra

99.89%

58%

27%

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ENGINEERING OUR FUTURE 25

Structure Transaction PurposeThe purpose is to provide a medium to integrate company and affiliates in an integrated system to strengthen company’s value chain.

Transaction ValueInvestment Rp10 billion in 6 Jun 2018.

Establishment of PT CARSWORLD Digital Indonesia (CDI)

PT Bintraco Dharma Tbk

PT CARSWORLD Digital Indonesia

70%

PT New Ratna Motor

99.9%

0.1%

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ENGINEERING OUR FUTURE

Toyota Share 2017 1H17 1H18

LCGC 37% 40% 43%

Low & Med MPV 55% 54% 42%

Med SUV 19% 20% 29%

Low & Med Hatchback 25% 22% 13%

Sedan + High SUV & Luxury Car 35% 34% 32%

Commercial 4% 3% 2%

Total 32% 32% 30%

Automotive Market Central Java & Yogyakarta

26

Wholesales Volume Growth Market Share per Segments

Source : Company Information

Market Share by Brands

Retail sales was relatively stagnant, yet still leading the market with 30% market share.

2017 1H17 1H18

33.4%

32.3% 36.5%

51.6%

51.3% 45.3%

4.2%

5.0% 8.1%

3.3%

3.7% 2.7%

5.2%

5.4% 5.5%

2.3%

2.3%1.8%

28,404

13,833 13,898

Total

Commercial

Sedan + High SUV & Luxury Car

Low & Med Hatchback

Med SUV

Low & Med MPV

LCGC

Competition 2017 1H17 1H18

Toyota 31.9% 31.2% 30.3%

Honda 21.0% 24.5% 18.4%

Daihatsu 18.3% 17.0% 17.6%

Mitsubishi 11.4% 11.0% 16.2%

Suzuki 9.9% 9.4% 9.6%

Others 7.6% 6.8% 7.9%

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in billions Rp 2017 1H17 1H18

(unless otherwise stated) Audited Unaudited Unaudited %YoY

Sales Volume (thou. units) 28.4 13.8 13.9 0%

Net Revenue 6,128 3,006 3,172 6%

Gross Profit 724 364 408 12%

%Gross Profit Margin 11.8% 12.1% 12.9%

Net Profit* 168 99 118 19%

%Net Profit Margin 2.7% 3.3% 3.7%

Automotive Business: Performance Highlights

27

Revenue

*Net Profit is Profit Attributable to ShareholdersSource : Company Information

• Revenue growth of first half 2018 was driven by Calya and new Rush also after sales results.

• Better margin of 1H18 was because of higher contribution from new Rush higher margin.

• Net Profit increased due to efficiency in logistic operation which was started in March 2017, income from associate company, and higher income from commission and sales achievement.2017 1H17 1H18

82.9%

83.5% 80.7%

17.1%

16.5% 19.3%

6,128

3,006 3,172

Motor Vehicle Parts & Others Total

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in billions Rp 2017 1H17 1H18

(unless otherwise stated) Audited Unaudited Unaudited %YoY

Financed Units* (thou. units) 84.2 84.6 92.5 9%

Net Revenue 1,070 607 702 16%

Expenses 947 524 636 21%

Non-Performing Financing 2.0% 2.0% 1.9%

Net Profit 92 63 47 -26%

%Net Profit Margin 8.6% 10.4% 6.7%

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Revenue

Source : Company Information*Financed units is based on the outstanding financed units

• Revenue 1H18 grew inline with financing contracts growth.

• Non-performing financing was successfully managed below 2% level.

Financing Business: Performance Highlights

2017 1H17 1H18

1,070.2

607.5

701.7

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in billions Rp 2017 1H17 1H18

(unless otherwise stated) Audited Unaudited Unaudited %YoY

Net Revenue 7,202 3,521 3,772 7%

Gross Profit 1,101 560 609 9%

%Gross Profit Margin 15.3% 15.9% 16.2%

Net Profit* 202 115 143 25%

%Net Profit Margin 2.8% 3.3% 3.8%

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Bintraco’s Profitability

Revenue

Amount is based on Consolidated Financial Statement PT Bintraco Dharma Tbk; % Contribution is calculated as % of sum of business segments before elimination

Source : Consolidated Financial Statements PT Bintraco Dharma Tbk

Gross Profit Net Profit*

Profitability Contribution as of Jun 2018(a)

• In 1H18, profit contribution from Automotive segment jumped to 71.5% because of solid profit improvement in Automotive segment in spite of intensive competition.

• Net Profit 1H18 grew mainly due to: 1) Higher automotive gross profit margin2) Efficiency in automotive logistic operation3) Higher incomes from associate company4) Higher other income from commission in automotive segment

84.2%

15.8%

Rp3,772 bn

66.9%

33.1%

Automotive Financing

Rp609 bn

71.5%

28.5%

Rp143 bn

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31 Dec 2017 30 Jun 2018

Audited Unaudited %Change

Current Assets 6,886 7,610 10.5%

Non-Current Assets 1,331 1,470 10.4%

TOTAL ASSETS 8,217 9,080 10.5%

Current Liabilities 3,122 3,586 14.9%

Non-Current Liabilities 3,397 3,735 9.9%

TOTAL LIABILITIES 6,519 7,321 12.3%

TOTAL EQUITY 1,698 1,758 3.6%

Current Ratio 2.2 2.1

Liabilities-to-Equity 3.8 4.2

Return on Equity 11.9% 16.3%

Return on Assets 2.5% 3.2%

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Bintraco’s Financial Position

Amount is based on Consolidated Financial Statement PT Bintraco Dharma Tbk; % Contribution is calculated as % of sum of business segments before elimination

Source : Consolidated Financial Statements PT Bintraco Dharma Tbk

• Total Assets per 30 Jun 2018 was booked 9.1tn, or 10.5% higher than end of 2017 inline with financing volume growth.

• Liabilities increased inline was due to new bank loans growth to support financing growth.

Financial Position Contribution as of Jun 2018(a)

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Total Assets Total Liabilities Total Equity

30.1%24.1%

57.8%

69.9%

75.9%

42.2%

Rp9,080bnRp7,321bn

Rp1,758bn

Automotive Financing

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PT Industri dan Perdagangan Bintraco Dharma Tbk

Jl. Sunburst CBD Lot II No. 3BSD City, Lengkong GudangSerpong, Tangerang Selatan, Banten, 15321

[email protected]

www.bintracodharma.com