INVESTOR RELATIONS UPDATE:

IKN PROJECTS AT A GLANCE

NUSANTARA NEW CAPITAL CITY, LATEST PROJECT UPDATE

PT Waskita Karya (Persero) Tbk [Ticker Code : WSKT] is optimistic that Nusantara New Capital City (“IKN”) can be
completed in accordance with the predetermined schedule. Recently, Waskita successfully won 6 new contracts
order in IKN worth IDR5,89 Tn (inc.VAT), with Waskita’s only portion of IDR4,16 Tn (inc.VAT). As of March 2023, the
IKN project funding was 100% sourced from the State Budget (“APBN”) of which this year the government is
expected to spend Rp23,9 Tn for IKN development. Going forward, there will be plenty of possibilities for the
company to start eyeing Public Private Partnership (“KPBU”) scheme for IKN project development in the near
future. We can confidently say that these IKN projects are very low in financial risk due to the payment by progress
scheme and 15% down payment to start off the project. This also helps the Company to minimize the need to seek
for external funding which can increase liabilities position and interest expense.

The IKN is expected to become Future Smart Forest City which promotes harmony between smart city and green
environment. This concept is inline with Waskita’s plan in becoming a leading contractor with advanced ESG
development by building sustainable ecosystem with great quality through stringent QSHE implementation. On
the core front, Waskita has formed an Ad Hoc team dedicated to monitor, evaluate, and optimize every IKN
activities. As a result, the Company is optimistic that IKN projects can run smoothly and contribute towards
Company’s financial performance significantly. The construction progress of each project is presented in detail as
below:

1. IKN Toll 5A Segment Project: Simpang Tempadung – Jembatan Pulau Balang

Picture 1.1 Construction Progress
Project Profile
Contract Amount IDR2.2 Tn
(inc.VAT)
Project Operation Joint Operation
Associate Parties Waskita – 50%
Nindya – 35%
Modern – 15%
Construction Progress Target : 10,17%
Real : 10,39%
Target of Completion 1H2024

This project has a length of 6,7 KM and consists of

Dirgaharu Bridge 360 meters as the iconic object. The
Company is committed to finish the project in a timely
manner by ensuring the adequacy of raw materials
supply such as readymix, precast, and steel.

INVESTOR RELATIONS UPDATE : OUTLOOK 2023 WSKT

 2. Work Path / Logistic Road, Lingkar Sepaku 4th Segment Development
Picture 2.1 Construction Progress
Project Profile
Contract Amount (inc.VAT) IDR181,79 Bn
Project Operation Joint Operation
Associate Parties Waskita – 70%
Guntur – 30%
Construction Progress Target : 20,62%
Real : 14,76%
Target of Completion 1H2024

Waskita has a portion of construction amounting to

IDR127,25 Bn (inc.VAT). The progress of the
construction is below the specified target due to the
land acquisition process. The Company is currently
coordinating with related parties including
Commitment Officer (“PPK”) and Ministry of Agrarian
Affairs/National Land Agency (“ATR/BPN”) to solve the
issues.

3. Secretariat of President and Supporting Building Facilities

Picture 3.1 Construction Concept
Project Profile
Contract Amount (inc.VAT) IDR1,35 Tn
Project Operation Non Joint Operation
Associate Parties Waskita – 100%
Construction Progress Target : 3,48%
Real : 3,75%
Target of Completion 2H2024

The scope of the project consists of Secretariat of

President, Presidential Security Force, Parking, and Fire
Fighter Buildings.

Picture 3.2 Construction Progress

INVESTOR RELATIONS UPDATE : OUTLOOK 2023 WSKT

 4. Wastewater Treatment (IPAL) 1, 2, 3 Project
Picture 4.1 Construction Progress IPAL 1 2 3
Project Profile
Contract Amount (inc.VAT) IDR638,8 Bn
Project Operation Joint Operation
Associate Parties Waskita – 70%
KBI – 30%
Construction Progress Target : 0,48%
Real : 0,87%
Target of Completions 2H2024

Waskita’s portion of the project is IDR447,16 Bn

(inc.VAT). As of March 2023, the construction progress
reaches almost 2 times from the initial target although
land clearing has yet to be settled in IPAL 3 until there
is a change in land status from Forest Area to Area For
Other Uses at the Ministry of Environment and
Forestry.

5. Coordinating Ministry Building and Area Project 3rd Package

Picture 5.1 Concept and Construction Progress

Project Profile Waskita has a portion of the project amounting to

Contract Amount (inc.VAT)
Project Operation
Associate Parties
Construction Progress
Target of Completion
IDR789,71 Bn IDR402,75 Bn (inc.VAT). There is a slight difference in
Joint Operation topography between Basic Design and the actual
Waskita – 51% condition of the field. However, this condition had
Nindya – 49% been accomodated because this project uses Design &
Target : 0,84% Build contract which enable the company to simplify
Real : 0,94% the submission process of any design adjustment and
2H2024 justification to the external parties (i.e consultant and

INVESTOR RELATIONS UPDATE : OUTLOOK 2023 WSKT

 owner). The Company is committed to finish the
project on schedule.

6. Coordinating Ministry Building and Area Project 4th Package

Picture 6.1 Concept and Construction Progress

Project Profile The construction progress is currently in the land

Contract Amount (inc.VAT) IDR735,69 Bn clearing process and building other supporting facilities
Project Operation Non Joint Operation while waiting the Detailed Engineering Design (DED) to
Associate Parties Waskita – 100% be finalise. The Company is also optimistic this project
Construction Progress Target : 1,01% to be completed in a timely manner.
Real : 1,02%
Target of Completion 2H2024

WSKT Investor Relation

About PT Waskita Karya (Persero) Tbk (Ticker code : WSKT)

Established in 1960 as a State-Owned Enterprise then in December 2012 PT Waskita Karya (Persero) Tbk became a Public Company and listed its shares in
the Indonesia Stock Exchange with ticker code WSKT. In recent years WSKT has cemented its presence as one of Indonesia’s main contractors as well as
infrastructure/realty developers through establishment of subsidiaries including PT Waskita Beton Precast Tbk (Ticker code: WSBP), PT Waskita Toll Road,
PT Waskita Karya Realty and PT Waskita Karya Infrastruktur.

Disclaimer:
This material is for information only, and we are not soliciting any action based upon it. This Newsletter is not to be construed as an offer to sell or the
solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The information herein has been obtained
from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such. Opinion expressed is
our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for the use by recipient only and may
not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or redistributed to others without written permission
of PT Waskita Karya (Persero) Tbk.

INVESTOR RELATIONS UPDATE : OUTLOOK 2023 WSKT