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PT ASTRA INTERNATIONAL Tbk PUBLIC EXPOSE

First Half of 2018 - Results Presentation


28 August 2018, Indonesia Stock Exchange
Disclaimer
The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and are general
background information about Astra Group business performances 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.
1
Highlights
Net earnings per share Auto Market Share Higher coal prices
Rp257 benefited heavy Lower crude palm oil
equipment, mining prices adversely
contracting and mining impacted agribusiness
11% 48% 74% volumes

6 months ended 30th June


Group Results
2018 2017* Change
Net revenue (Rp bn) 112,554 98,031 15%
Net income (Rp bn) 10,384 9,340 11%
Net earnings per share (Rp) 257 231 11%
As at 30th As at 31st
Change
June 2018 December 2017*
Shareholders’ funds (Rp bn) 127,721 123,780 3%
Net asset value per share (Rp) 3,155 3,058 3%
* Restated due to implementation of PSAK No. 69: Agriculture
The financial results for the six months ended 30th June 2018 and 2017 as well as the financial position as at 30th June 2018 have been
prepared in accordance with Indonesian Financial Accounting Standards and are unaudited. The financial position as at 31st December
2017 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.
2
Business Structure
Automotive
Property

Automobile Motorcycle • Menara Astra


• Toyota • Honda • Brahmayasa Bahtera
• Daihatsu • Samadista Karya
• Isuzu Component • Astra Land Indonesia
• BMW • Astra Otoparts • Astra Modern Land
• Peugeot
• UD Trucks Others
• AstraWorld

Heavy Equipment, Infrastructure Information


Financial Services Mining, Construction Agribusiness
and Logistics Technology
and Energy

Automobile Heavy Equipment Construction Machinery Palm Oil Plantation Toll Road Document Solution
• Astra Credit • Surya Artha • United Tractors • Astra Agro Lestari • Marga Mandalasakti • Astra Graphia
Companies Nusantara • Traktor Nusantara • Marga Harjaya
Other
• Toyota Astra Finance Refineries Infrastruktur IT Solution
Finance • Komatsu Astra Mining Contracting • Tanjung Sarana Lestari • Marga Trans Nusantara • Astra Graphia
Finance • Pamapersada Nusantara • Kreasijaya Adhikarya • Trans Marga Jateng Information
Motorcycle • Tanjung Bina Lestari • Trans Bumi Serbaraja Technology
• Federal Banking Coal Mining • Lintas Marga Sedaya
International • Permata Bank • Tuah Turangga Agung Commodity Trading Office Services Solution
Finance • Astra-KLK Pte.Ltd Sea Port • Astragraphia Xprins
Construction Industry • Pelabuhan Penajam Indonesia
Insurance
• Acset Indonusa Cattle in Palm Oil Banua Taka (Eastkal)
• Asuransi Astra
Plantation
• Astra Life
Energy • Agro Menara Rachmat Logistics
• Bhumi Jati Power • Serasi Autoraya
Market Position as at 30 June 2018
• Astra’s car market share decreased from 56% to 48%.
• Astra’s motorcycle market share maintained at 74%.
• Komatsu maintained its leading market position with 36% market share.

Car Motorcycle
Suzuki Kawasaki
1% 1%

Toyota Yamaha
29% 23%

Others
52%
Heavy Equipment

Daihatsu
17% Others
Isuzu Honda
21%
2% 74%
Komatsu
36%
Source : Gaikindo Source : AISI
Kobelco
14%

Hitachi
13% Caterpillar
16%
4
Source: United Tractors – Internal Market Research
Corporate Actions

Feb ‘18 • The Group invested US$150 million for a minority stake in GO-JEK, Indonesia’s
leading multi-platform technology group, which provides access to a wide
range of services from transportation and payments to food delivery, logistics
and other on-demand services.

Apr‘18 • 50%-owned Astra Land Indonesia purchased a 3-hectare site in Jakarta’s


Central Business District, for residential and commercial development.

May‘18 • Permata Bank divested its 25% shareholding in Astra Sedaya Finance to the
Group for Rp2.8 trillion, in order to strengthen the bank’s capital position and
maximize its capital allocation for lending.

5
Financial Performance

6
Consolidated Income Statement
“The Group’s performance for the rest of the year is expected to be satisfactory, supported by ongoing
growth in the Indonesian economy and stable coal prices, although there are concerns over
competitive pressures in the car market and weak crude palm oil prices.”
- Prijono Sugiarto, President Director -

In Billion Rupiah 1H18 1H17* Change


IDR / USD, average 13,851 13,330 4%
Net Revenue 112,554 98,031 15%
Gross Profit 23,256 19,674 18%
Selling, General and Administrative
(10,791) (10,387) 4%
Expenses
Other Income 1,141 849 34%
Share of Results of Joint Ventures and
3,028 3,772 (20%)
Associates
Income Tax Expenses (3,440) (2,573) 34%
Non-controlling Interests (2,810) (1,995) 41%
Net Income 10,384 9,340 11%
* Restated due to implementation of PSAK No. 69 : Agriculture

7
Divisional Net Revenue and Net Income
Divisional Net Revenue Divisional Net Income

15% 11%

112,554 98,031 10,384 9,340


Property
Property
3% 4% 6%
8% 9% 9%
Information
Information
Technology
Technology 32% 22%
35% 30% Infrastructure &
Infrastructure &
Logistics
Logistics
Agribusiness 22%
8% 9% Agribusiness 21%
Heavy Equipment,
Heavy
Mining,Equipment
Construction
&
& Mining Energy
45% 47% Financial
FinancialServices
Services 41% 45%

Automotive
Automotive

1H18 1H17 1H18 1H17

8
Consolidated Balance Sheet
• The net asset value per share was Rp3,155 at 30th June 2018, 3% higher than at the prior year end.
• Net debt excluding the Group’s financial services subsidiaries was Rp6.6 trillion compared with net cash of Rp2.7 trillion
at 31st December 2017, due mainly to the Group’s toll road and GO-JEK investments and capital expenditure in its
mining contracting business. The Group’s financial services subsidiaries had net debt of Rp47.9 trillion, compared with
Rp46.1 trillion at the end of 2017.

In Billion Rupiah 30-Jun-18 31-Dec-17* Change


Cash and Cash Equivalents 26,329 31,574 (17%)
Trade Receivables 29,869 25,420 18%
Inventories 20,381 19,504 4%
Financing Receivables 64,227 63,252 2%
Investment in Joint Ventures and Associates 39,721 39,260 1%
Fixed Assets 51,557 48,402 7%
Other Assets 77,252 68,418 13%
Total Assets 309,336 295,830 5%
Short-term Borrowings 14,655 16,321 (10%)
Trade Payables 29,626 29,468 1%
Long-term Debt 66,149 58,657 13%
Other Liabilities 37,026 34,879 6%
Total Liabilities 147,456 139,325 6%
Equity Attributable to the Owners of The Parent 127,721 123,780 3%
Non – controlling Interest 34,159 32,725 4%
Total Equity 161,880 156,505 3%
Net Debt (Cash) 54,475 43,404 26%
Net Debt (Cash) (Excl. Financial Services) 6,598 (2,654) (349%)
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* Restated due to implementation of PSAK No. 69 : Agriculture
Consolidated Cash Flow
As at 30 June 2018, Astra’s consolidated closing cash balance (incl. bank overdraft) was
Rp25.8 trillion.

In Billion Rupiah 1H18 1H17 Change


Cash generated from operations 11,943 13,822 (1,879)
Tax Payments (3,455) (2,009) (1,446)
Interest Received 765 799 (34)
Net Cash flow provided from Operating Activities 9,253 12,612 (3,359)
Dividend Received 3,235 4,102 (867)
Net Capex (6,277) (5,925) (352)
Net Investment (5,096) (4,882) (214)
Other Investing (170) (2,810) 2,640
Net Cash flow used in Investing Activities (8,308) (9,515) 1,207
Net Proceeds of Debt 3,098 5,686 (2,588)
Interest Paid (1,147) (1,073) (74)
Dividend Payments (7,045) (5,743) (1,302)
Other Financing (1,901) (14) (1,887)
Net Cash flow used in Financing Activities (6,995) (1,144) (5,851)
(Decrease) / Increase in Cash (6,050) 1,953 (8,003)
Opening Cash Balance (incl. Bank Overdraft) 31,574 29,356 2,218
Exchange Rate Adjustment 315 (41) 356
Closing Cash Balance (incl. Bank Overdraft) 25,839 31,268 (5,429)
10
Business Updates

11
Automotive – Wholesale Car Market
The wholesale
Astra’s car salesmarket
were 10%for higher
cars was 4% higher
at 421,000 in the
units, periodinatan554,000
resulting increaseunits. Astra’s
in market car
share
sales, however,
from 50% were 10% lower at 268,000 units as a result of increased competition, which
to 54%.
resulted in a decline in market share from 56% to 48%.

1H18 4% 1H17
553,779 533,858
LCGC
LCGC
115,076 / 20.8%
120,627 / 22.6%

Others Other Brands Others Other Brands


285,296 / 51.5% 285,296 / 51.5% 235,370 / 44.1% 235,370 / 44.1%
Commercial
Commercial,
131,877 / 23.8%
112,206 / 21%

Isuzu, 8,167 / 1.5%


Isuzu, 11,294 / 2% Daihatsu
Daihatsu 94,287 / 17.7%
4x2 & 4x4 4x2 & 4x4
302,828 / 54.7% 94,929/ 17.1% 295,701/ 55.4%
Astra
Astra
298,488 / 55.9%
268,483 / 48.5% Toyota & Lexus
Toyota & Lexus
162,207 / 29.3% 196,012 / 36.7%
Sedan Sedan
3,998 / 0.7% 5,324 / 1%
M/S Market Segment Brand M/S Market Segment Brand
1H18 1H17
12
Source: Gaikindo
Automotive – Car Product Launches
During first semester 2018 , Astra launched 12 new models and 4 revamped models.

Daihatsu Sirion (NEW) Lexus RX350L (NEW) Peugeot 3008 SUV (NEW)
February 2018 March 2018 March 2018

Toyota C-HR (NEW) Isuzu Traga (NEW) BMW i8 Roadster (NEW)


April 2018 May 2018 June 2018
13
Automotive – Wholesale Motorcycle Market
The wholesale market for motorcycles increased by 11% to 3 million units. Astra Honda
Motor’s domestic sales increased by 11% to 2.2 million units, with its market share
maintained at 74%.
11%
1H18 1H17
3,002,753 2,700,546
Kawasaki 1.4%
Suzuki 1.1% Sport/Others Sport/Others
56.3% 9% Kawasaki 1.5%
Yamaha Suzuki 1.4% Sport/Others Sport/Others
690,944 10.6%
Yamaha 46.9%
23% Sport/Others 614,895
6.8% 22.8% Sport/Others
6.7%

Scooter
2,520,315 Scooter
Honda Scooter Scooter 83.9% 2,196,220
1,929,090 Scooter
2,235,728 1,929,090 Honda Scooter 81.3%
76.5% 1,719,845
74.5% 86.3% 2,005,944 1,719,845
78.3%
74.3% 85.7%

Cub Cub Cub Cub Cub Cub


155,271 155,271 213,449 151,366 151,366 216,896
6.9% 72.7% 7.1% 7.6% 69.8% 8.1%
Brand Honda Segment Honda Product Segment Brand Honda Segment Honda Product Segment
1H18 M/S 1H17 M/S
14
Source: AISI
Automotive – Motorcycle Product Launches
During first semester 2018, Astra Honda Motor launched 4 new model and 11 revamped
models.

Honda
HondaCMX
BeAT500
Sporty
Rebel Honda CB 150 Verza (NEW) Honda Scoopy
January
March 2017
2018 February 2018 February 2018

Honda GL 1800 Gold Wing(NEW) Honda Vario 150 (NEW) Honda Supra GTR 150 R
April 2018 April 2018 May 2018

15
Automotive – Components
Astra Otoparts, the Group’s automotive components business, reported net income 4%
higher at Rp206 billion, mainly due to increased revenues from its original equipment
manufacturing and replacement market sales.

Share of Results of Joint


Revenue (Rp bio) Net Income (Rp bio) Ventures and Associates (Rp bio)
15% 4% 23%

7,418
6,472 206 198
166
135

1H18
1H18 1H17
1H17 1H18
1H18 1H17
1H17 1H18
1H18 1H17
1H17

16
Financial Services
Net income from the Group’s financial services division increased by 5% to Rp2.1 trillion,
with an improved contribution from its consumer finance businesses.
.
Unit Financed 1H18 1H17 % Amount Financed (Rp bio) 1H18 1H17 %
ACC 90,017 92,865 (3) ACC 13,572 14,257 (5)
TAF 38,939 61,659 (37) TAF 7,626 11,098 (31)
Total ACC & TAF 128,956 154,524 (17) Auto Total ACC & TAF 21,198 25,355 (16)
Auto
FIF (Incl.Electronics)’000 1,859 1,787 4 FIF (Incl.Electronics) 18,501 17,062 8
Total Auto 130,815 156,311 (16) Total Auto 39,700 42,417 (6)
SANF 447 430 4 SANF 625 1,513 (59)
HE KAF 278 335 (17) HE KAF* 1,596 1,644 (3)
Total HE 725 765 (5) Total HE 2,221 3,156 (30)

Permata Bank Asuransi Astra


• 1H18 consolidated net income of Rp275 billion • Lower net income by 2% to Rp495 billion.
(1H17: consolidated net income of Rp621 billion, • 1H18 Gross Written Premium up by 11% YoY to
benefited from a one-off gain on the sale of non- Rp2.3 trillion.
performing loans). • RBC: 213%** vs regulatory minimum of 120%.
• Loan book increased by 11% YoY to Rp103 trillion.
• LDR 86%, Total CAR 20%, and CET-1 ratio 17%.
• Gross and Net NPL decreased to 4.3% and 1.5% * Average exchange rate USD/IDR: 13,851 (1H18) & 13,330 (1H17)
**Tentative figure, waiting confirmation from OJK
respectively, with NPL coverage ratio of 211%. 17
Heavy Equipment, Mining, Construction and Energy
United Tractors, which is 59.5%-owned, reported net income which was 60% higher at Rp5.5 trillion,
mainly due to improved performances in its construction machinery, mining contracting and mining
operations, as a result of increased coal prices.
Revenue (Rp bio) Mining Contracting
38,944 32%
1,660
5,992 29,431
1,026 Coal OB
3,960 Production Removal
17,434 8% 23%
13,251 444.9
360.9
13,858 56.6 52.3
11,194
1H18 1H17 1H18 1H17
Construction Machinery Mining Contracting
Coal (mn tonnes) Overburden (mn bcm)
Mining Construction Industry

Komatsu Unit Sales Coal Sales (incl. Trading) General Contractor New Contracts
In 1H18, Acset has secured Rp300 billion of new construction
2,400 projects.
15% 37% 1,751 22% 124%
21%
14%
9% 22%
13% 4,420 8.4
3,635
55%
51% 3.8

1H18 1H17 1H18 1H17 2017 2016


18
Mining Forestry Construction Agro Total Coal Sales (all in thousand tonnes) New Contracts Secured (Rp tn)
Agribusiness
Astra Agro Lestari, which is 79.7%-owned, reported a 23% decline in net income at Rp784 billion. This decline
was primarily due to a fall in crude palm oil prices which were 8% lower at Rp7,893/kg compared to the first
half of 2017. This more than offset a 19% improvement in the crude palm oil and derivatives sales at 992,000
tonnes.
Revenue (Rp bio) CPO Productivity (tonne/Ha)
9,021
8,546
6%
3,432 4%
3,577
Export
Local 1.95 1.88
5,590 4,969

1H18 1H17 1H18 1H17

CPO Production (‘K tonnes) CPO & Derivatives Sales (‘K tonnes) Average CPO Price (Rp/Kg)

14% 19% 8%

868 992 7,893 8,536


762 833

1H18 1H17 1H18 1H17 1H18 1H17 19


CPO Production CPO & Derivatives Sales
Infrastructure and Logistics
The Group’s infrastructure and logistics division reported a net income of Rp4 billion, compared with a net profit
Rp110 billion in the first half of 2017. Initial losses from the Cikopo-Palimanan toll road acquired in the first half of
2017 and newly operational Semarang-Solo toll road more than offset improved earnings from the Tangerang-Merak
toll road and Serasi Autoraya.
MMS Toll Revenue (Rp bio) MHI Toll Revenue (Rp bio) LMS Toll Revenue (Rp bio) TMJ Toll Revenue (Rp bio)
[72.5km] [40.5km] [116.8km] [72.6km]*
12% 1,077% 13% 46%

516 460 97 686 117


606
80
8
1H18 1H17 1H18 1H17 1H18 1H17 1H18 1H17
* 39.6 km is in operation * 40.1km is in operation

SERA Vehicles under Contract (units) Astra Toll Roads Portfolio (Km)
4%
Toll Road Concessions As at 30 June 2018

In Operation 269.0
23,593 22,744
Under Development 84.4

Total 353.4

1H18 1H17 20
Information Technology
Astra Graphia, which is 76.9%-owned, reported a 24% higher net income at Rp88 billion due
to increased revenues across its document and information technology solutions and office
service businesses.

Astra Graphia Revenue (Rp bio) Astra Graphia Net Income (Rp bio)

1,671
46% 24%

33%
1,145

38%
25% 35%
113 88

25% 1,134 72
42% 65%*

37% 1,543
1H18 1H17 1H18 1H17

AGDS AGIT AXI

* AGDS in 1H17 include AXI


21
Property

Net Income (Rp bio) The Group’s property division reported a net
profit of Rp48 billion in the first half of 2018
29%
compared to net income of Rp68 billion in the
prior year. This decline was due to lower
development earnings recognised from its
Anandamaya Residences project reflecting lower
percentage completion in the final stages of
68
construction.
48
In April 2018, 50%-owned Astra Land Indonesia
purchased a 3-hectare site in Jakarta’s Central
Business District, for residential and commercial
development. Together with the Group’s other
1H18 1H17
property development projects, Arumaya in
South Jakarta and Asya in East Jakarta, the
Group’s land for property development now
totals 70 hectares.

22
Divisional Net Revenue and Net Income
Divisional Net Revenue Divisional Net Income

15% 11%

112,554 98,031 10,384 9,340


Property
Property
3% 4% 6%
8% 9% 9%
Information
Information
Technology
Technology 32% 22%
35% 30% Infrastructure &
Infrastructure &
Logistics
Logistics
Agribusiness 22%
8% 9% Agribusiness 21%
Heavy Equipment,
Heavy
Mining,Equipment
Construction
&
& Mining Energy
45% 47% Financial
FinancialServices
Services 41% 45%

Automotive
Automotive

1H18 1H17 1H18 1H17

23
CSR Activities

24
4 Pillars of CSR Astra

25
4 Pillars of CSR Astra

134,405 18,042
1,815 64
244,663 89
75
63 26
227
22,635
47,416
246,952
18,037,081

4,630,482 5,039
20,000
1,196,693
27,558
17
11,454
102,850
17
10
513

As of 30 June 2018 26
Appendices

27
Car Product Launches 2018
Models Launched Launching Period Engine Capacity Prices (Rp mio)
BMW 520i Luxury Jan’18 2,000cc 1,009*
Daihatsu Sirion Feb’18 1,300cc 182.5-193.5
Toyota Yaris Feb’18 1,500cc 235.4-275.9
Lexus RX 350L Mar’18 3,500cc 2,135
Peugeot 3008 Mar’18 1,600cc 697
Isuzu Giga FVR34 Mar’18 7,800cc 543-557
Isuzu Giga FVM34 Mar’18 7,800cc 648-675
Isuzu Giga FVZ34 Mar’18 7,800cc 820-833
Toyota Alphard Mar’18 2,500-3,500cc 925.2-1,773.4
Toyota C-HR Apr’18 1,800cc 488.7-490.2
Toyota Vios Apr’18 1,500cc 291.1-326
BMW X3 xDrive20i Luxury Apr’18 2,000cc 1,009*
Isuzu Traga May'18 2,500cc 190
BMW X1 xDrive18i Dynamic Jun'18 1,500cc 609*
BMW i8 Roadster Jun'18 1,500cc 3,969*
BMW i8 Coupe Jun'18 1,500cc 3,559*
* Off the Road price

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Motorcycle Product Launches 2018
Models Launched Launching Period Engine Capacity Prices (Rp mio)
Honda BeAT Sporty Jan’18 110cc 15.2-15.4
Honda BeAT Street Jan’18 110cc 15.9
Honda CBR 150 R Jan’18 150cc 32.9-33.7
Honda CB 150 Verza Feb’18 150cc 19.3-19.9
Honda Scoopy Feb’18 110cc 17.8
Honda Supra X 125 FI Mar’18 125cc 17.1-18.1
Honda GL1800 Gold Wing Apr'18 1,800cc 1,010
Honda Vario 150 Apr'18 150cc 22.5
Honda Vario 125 Apr'18 125cc 19.9
Honda CB500R Apr'18 500cc 144.9
Honda CB500F Apr'18 500cc 139.9
Honda CB500X Apr'18 500cc 148.9
Honda CB650F Apr'18 650cc 235.38
Honda PCX Hybrid Apr'18 150cc 40.3
Honda Supra GTR150R May'18 150cc 22.3

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Equity Research Contact Details
No Brokerage House Analyst Name Contact Number Email Address
1 Bahana Sekuritas Andri Ngaserin +62 21 250 5735 andri@bahana.co.id
2 BCA Sekuritas Aditya Eka Prakasa +62 21 23587222 aditya.prakasa@bcasekuritas.co.id
3 BoA Merrill Lynch Swati Chopra +65 6678 0405 swati.chopra@baml.com
4 Ciptadana Sekuritas Asia Arief Budiman +62 21 2557 4800 budimanarief@ciptadana.com
5 Citigroup Investment Research Ferry Wong +62 21 2924 9213 ferry.wong@citi.com
6 CLSA Indonesia Sarina Lesmina +62 21 2554 8820 sarina.lesmina@clsa.com
7 Credit Suisse Sekuritas Indonesia Jahanzeb Naseer +62 21 2553 7977 jahanzeb.naseer@credit-suisse.com
8 Danareksa Sekuritas Stefanus Darmagiri +62 21 2955 5831 stefanus.darmagiri@danareksa.com
9 DBS Vickers Maynard Priajaya Arif +62 21 3003 4900 maynard.arif@id.dbsvickers.com
10 Deutsche Verdhana Securities Joko Sogie +62 21 2964 4543 joko.sogie@db-gmresearch.com
11 Goldman Sachs Pramod Kumar +91 22 6616 9043 pramod.kumar@gs.com
12 HSBC Global Research Tarun Bhatnagar +65 6658 0614 tarunbhatnagar@hsbc.com.sg
13 Indo Premier Sekuritas Raditya Immanzah +62 21 5793 1168 raditya.immanzah@ipc.co.id
14 J.P. Morgan Securities Indonesia Aditya Srinath +65 6882 7138 aditya.s.srinath@jpmorgan.com
15 Kresna Securities Franky Rivan +62 21 2939 1900 franky.rivan@kresnasecurities.com
16 Macquarie Sekuritas Indonesia Robert Pranata +62 21 2598 8366 Robert.pranata@macquarie.com
17 Mandiri Sekuritas Ariyanto Kurniawan +62 21 5296 9682 ariyanto.kurniawan@mandirisek.co.id
18 Maybank Kim Eng Securities Isnaputra Iskandar +62 21 2557 1129 isnaputra.iskandar@maybank-ke.co.id
19 NH Korindo Sekuritas Arnold Sampeliling +62 21 797 6202 arnold@nhsec.co.id
20 Nomura Indonesia Elvira Tjandrawinata +62 21 2991 3341 elvira.tjandrawinata@nomura.com
21 Onix Capital Bagus Hananto +62 21 3190 1777 bagus.hananto@ocap.co.id
22 RHB Sekuritas Indonesia Andrey Wijaya +62 21 2598 6888 andrey.wijaya@id.oskgroup.com
23 Samuel Sekuritas Akhmad Nurcahyadi +62 21 2854 8144 akhmad.nurcahyadi@samuel.co.id
24 Sinarmas Sekuritas Evan Lie Hadiwidjaja +62 21 392 5550 evan.hadiwidjaja@sinarmassekuritas.co.id
25 Trimegah Securities Willinoy Sitorus +62 21 2924 9088 willinoy.sitorus@trimegah.com
26 UOB Kay Hian Securities Stevanus Juanda +62 21 2993 3845 stevanusjuanda@uobkayhian.com
27 Valbury Asia Securities Budi Rustanto +62 21 2553 3600 budi.rustanto@valbury.com
28 Yuanta Securities Indonesia Kristiadi +62 21 5153 608 kristiadi@yuanta.co.id

30
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

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