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Jasa Marga Update

FY2018

As of Jan 31th, 2019


Company Overview
Company overview
Brief Snapshot Company Highlights
• Leading toll road operator in Indonesia with 40 years of experience ✓ Largest toll road operator in Indonesia with 65% market share in
• 33 toll road concessions with total length of 1,527 km terms of commercial toll roads lengths (±1.000 km) and 80%
• 70% owned by the Government of Indonesia market share of toll road transaction volume
• Publically listed on the Indonesia Stock Exchange since 2007, with a ✓ The longest concession period holder in Asia reflecting stable
market cap IDR 33 trillion as of Dec 31st, 2018 income
• Key business ✓ Strategically important with strong government ownership
– Construction, operation and maintenance of toll road
✓ Resilient industry with strong government focus
• Supporting business / other business
✓ Strong financial profile with promising growth going forward
– Toll Road Operation Services (Provides operation services for Jasa Marga Group and
other toll road investors)
– Toll Road Maintenance Services (Provides maintenance services for Jasa Marga Group
and other toll road investor)
– Property (Manages rest areas and other properties on toll road corridors)
Vision & Mission

3Q2018 Segmental Revenue Breakdown


Vision To be the largest, trusted and sustainable national toll
Other Business road network company.
Toll Revenue – Revenue
Subsidiaries 7%
13%
1. Lead the development of toll road networks in
Indonesia to increase national connectivity.
Toll Revenue – 2. Manage the toll road business along the end-to-
Jasa Marga
(13 old end value chain in a professional and sustainable
concessions in Mission manner.
balance sheet)
80% 3. Maximize the regional development to accelerate
community advancement and increase company
profitability.
4. Enhance customer satisfaction through service
excellence
3
Company Key Development Milestone
✓Government offered the opportunities
✓Jasa Marga was established with focus
for the private sector to participate in
on business management, maintenance
toll road business through Build,
and procurement of the toll road Jasa Marga became a public
Operate and Transfer (BOT) system The authority function was returned
network. company through an Initial Public
with Jasa Marga. to the Government, Toll Road
✓Jagorawi as the first toll road in Offering (IPO) and listed its shares
✓Jakarta Toll roads operated by Jasa Regulatory Agency (BPJT) under the on the Indonesia Stock Exchange.
Indonesia began its operation. Ministry of Public Works.
Marga initiated its operations
gradually.

1978 1987 2004 2007

✓Fully implemented electronic


payment system in all toll roads
✓Integrate Jakarta-Tangerang and
change system in Jagorawi Toll
Forming of PT Jasa
Road
Layanan Operasi (non Currently operating 24 toll
Implementation of Implementation of ✓Won tender of Jakarta-Cikampek II
toll road subsidiary. road concessions (±1,000
e-Toll Card. e-Toll Pass. Selatan and Probolinggo-
km in length)
Banyuwangi Toll Road

2009 2012 2015 2017 2018

4
Company Structure

Jasa Marga operates 13 mature toll roads, 3 fully operated and 7 half operated new toll roads. Similarly, Jasa Marga constructs 10 new toll
road concessions in subsidiary level.

Government
Shareholding Structure of Indonesia
(“GOI”)
Parent Level
1. Cawang-Tomang-Pluit
Ministry of State-
(Jakarta Inner Ring Road)
Owned Enterprises
2. Prof. Dr. Ir. Sedyatmo (Airport)
(“MSOE”) 3. Padalarang
4. Cileunyi
5. Jakarta-Cikampek
6. Palikanci
70%
7. Jagorawi
Public
8. Surabaya-Gempol
30% 9. Semarang
10. Jakarta Outer Ring Road
As of 31st Dec 2018
11. Ulujami-Pondok Aren
12. Jakarta-Tangerang
13. Belmera

PT Jasamarga
PT Jasamarga PT Jasamarga
Probolinggo
Gempol Pasuruan Tollroad Operator
Banyuwangi
98.8% 99.9%
94.6%
PT Jasamarga
Transjawa Tol
100%
PT Jasamarga PT Jasamarga
PT Jasamarga PT Jasamarga
Kunciran Balikpapan
Pandaan Malang Properti
Cengkareng Samarinda
60% 99.9%
76.2% 59%

5
Strong Corporate Governance and
Highly Qualified Management Team
Experience management with over 25 years of experience, deep understanding on the industry/sector, and long-term relationship with stakeholders
Desi Arryani – President Director
• Indonesia citizen, 55 years old, was promoted through Extraordinary Meeting of Shareholders Years 2016 on 29th august 2016
• Has work experience in Construction sector more than 20 years. Previously served as Operations Director I of PT Waskita Karya (Persero) Tbk. which is SOE
contractor in Indonesia.
• Completed her Bachelor degree in Civil Engineering from University of Indonesia (1987) and Master degree in Management from Prasetiya Mulya (2008).

Donny Arsal – Director of Finance


• Indonesia citizen, 48 years old, was promoted through Meeting of Shareholders Years 2017 on 15th March 2017
• Has work experience in Financial sector more than 23 years. Previously served as Managing Director PT Mandiri Sekuritas that look after for Investment Banking
Division.
• Completed Bachelor Degree from University of Indonesia (1994).

Mohammad Sofyan – Operational Director I


• Indonesia citizen, 47 years old, was promoted through Meeting of Shareholders Years 2017 on 15th March 2017
• Joined Jasa Marga since 1997 and has lead in various sector such us toll road project, IT and strategic corporate planning. Previously served as Corporate
Secretary PT Jasa Marga (Persero) Tbk.
• Completed Bachelor Degree in Civil Transportation Engineering at Sepuluh November Institute of Technology Surabaya (1996) and Master Degree in Project
Management from University of Indonesia (2003) and Master Business & IT from Melbourne University (2007).

Subakti Syukur – Operational Director II


• Indonesia citizen, 56 years old, was promoted through Extraordinary Meeting of Shareholders Years 2016 on 29th august 2016
• Joined Jasa Marga since 1986 and has work experience in toll road operations more than 20 years. Previously served as President Director of PT Marga Lingkar
Jakarta (one of Jasa Marga’s Subsidiary).
• Completed Bachelor Degree in Civil Engineering from Bandung Institute of Technology (1986) and Master degree in Management from University of Kristen
Indonesia (2010).

Adrian Priohutomo – Director of Development


• Indonesia citizen, 55 years old, was promoted through Meeting of Shareholders Years 2018 on 10 th April 2018
• Has work experience and major success in conceptualizing, developing and managing commercial and housing estates. Previously served as President Director of
PT Permata Graha Nusantara.
• Completed Bachelor Degree at Bandung Institute of Technology (1988).

Alex Denni – Director Of Human Resources And General Affairs


• Indonesia citizen, 49 years old, was promoted through Extraordinary Meeting of Shareholders Years 2018 on 5th September 2018
• Has work experience in Human Resource Development. Previously served as Chief Human Capital Officer PT Bank Negara Indonesia (Persero) Tbk. and Chief
Learning Office & Head of Corporation University PT Bank Mandiri (Persero) Tbk.
• Completed Bachelor Degree in Management of Industrial Agro at Intitut Pertanian Bogor (1990) and Master Degree in Management at Universitas Atma Jaya
(1997) dan Doctoral Degree in Human Capital at Institut Pertanian Bogor (2011).

6
Industry Overview
Overview of the Indonesian Toll Regulation
Ease derived from highly regulated industry
• Certainty of tariff increase every two years according to regulation
• The timing of the land acquisition process is faster, if any dispute is decided by the court
• Potential for efficiency from cashless transaction

Overview of the authorities involved Toll Tariff


Government of Indonesia
• Initial toll tariff is calculated based on
• investment feasibility, toll road user’s ability to pay and vehicle
operating cost saving
• Initial toll tariff is stipulated in concession agreement prior to start
Ministry of State Ministry of Public of construction
Owned Enterprises Works
• Tariff adjustment is regulated by law, is calculated based on regional
CPI and is adjusted once every 2 years
Indonesian Toll
Road Authority Directorate General
of highways • Initial toll tariff setup and subsequent adjustment is decided by
(BPJT)
Minister of Public Works decree
Concession agreement Concession agreement  The ministry may postpone tariff increases if a toll road fails to
comply with minimum service standards
Private toll road
investors

Land acquisition
Concession Agreement Method
Acquisition
• Land acquisition is government’s responsibility and is undertaken
Tender Unsolicited
by land procurement committee appointed by the Government
100% Cashless Transaction • The land acquisition comprises four stages: planning, preparation,
execution and delivery
▪ High efficiency on collection expanse and faster transaction period that  The law also regulates a deadline for land acquisition of 312 to a
will reduce traffic flow, minimize the cost of providing change and cash maximum of 552 working days
handling and Toll Revenue Security and minimize the potential for any • Price is determined by independent appraiser based on fair market
authenticity toll payment instrument price
▪ Improving the Quality of Operational Human Resources (improving health • Investors may provide bridge financing for land acquisition costs to
quality of toll collectors), increase transaction capacity without having to speed up the acquisition process, government will repay the
add transaction point and efficiency of toll collecting costs investors for the land acquisition costs

10
Company Update

9
Jasa Marga Update FY2018

Market Share
1,527 km
Operated Toll Road Commercial Concession Toll Road
PT Nusantara Infrastruktur
Other
Lain-lain
2%

PT Waskita Karya
2%
± 1,000 km
10% Accumulated Toll Road in Operation*
PT Citra Marga
Nusaphala Persada PT Jasa Marga
4% (Persero) Tbk
66%

PT Astra Tol
Nusantara
16%
318 km
Additional Operated Toll Road in 2018
Length
No Additional Operated Toll Road in 2018
66% 80% 1
2
Ngawi – Kertosono
Bogor Ring Road (Section IIB)
(km)
87.02
2.65
3 Gempol – Pasuruan (Section Rembang-Grati) 20.25
Jasa Marga’s Jasa Marga’s 4 Medan - Kualanamu - Tebing Tinggi (Section IA & I) 10.75
Operated Toll Road Traffic Volume 5 Solo – Ngawi 90.43
6 Semarang-Batang 75.00
7 Semarang-Solo (Section Salatiga-Kertasura) 32.23
*As of December 2018

10
Excellent Financial Profile with Stable Margins

✓ Prudent financial management enable company to lower its cost of debt over time
✓ Strong financial profile with promising growth going forward
✓ Sustainable revenue growth rate with CAGR of 9% for the past 5 years, supported with strong EBITDA
generation
✓ Manageable cost of debt with weighted average bank loan cost 9.5%, weighted average bond cost 9.2% and
consolidated weighted average cost of debt 9.4%

Total Asset Revenue

(IDR Billion) (IDR Billion)


79,313.3
6,782.3 7,130.4
75,504.1

2017 3Q2018 3Q2017 3Q2018

Interest Coverage Ratio (ICR) Total Debt to Total Equity Interest Bearing Debt to Total Equity

(x) (x)
(x)
4.46 3.32 1.93
2.88 1.64
3.01

3Q2017 3Q2018 2017 3Q2018 2017 3Q2018

Note : figures 2017 audited, 3Q2017 and 3Q2018 Unaudited 11


Well Positioned In A Resilient Industry With
Favorable Growth Trends

Economic condition, reflected as fluctuating car sales growth in Indonesia, has minimal impact to our transaction
volume, however increase in car sales will contribute to higher transaction volumes in the long run.
Transaction Volume on Jasa Marga Toll Road (in million) Car Sales in Indonesia (in thousand vehicles)
Integration Economic Slow Down
1,229 1,208
1,600 7,927 8,281 9,000 1,116
1,063 1,080
1,400 7,121 8,000 1,013
6,646 1,361 1,350 7,000 894
1,200 5,803
5,582 1,320 1,311 6,000 765
1,000 4,843
4,306 1,201 1,264 5,000 607
800 3,3193,631 1,092 4,000 486
600 2,618 957 434
916 3,000
400 880
2,000
859
200 1,000
- -
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Transaction Volume Toll Revenue

✓ Consistent growth in traffic demonstrates resilience of toll road industry


✓ Since 2016, Jasa Marga started to implement integration system in
Jakarta – Cikampek, Cikampek – Palimanan, Palimanan – Kanci, Kanci –
✓ Robust estimated growth in car sales indicate batter economic growth is a
Pejagan, Pejagan – Brebes. In 2017, integration system also accure in
positive driver for the toll road industry
Jagorawi and Jakarta – Tangerang toll road.
✓ Integration system caused different calculation in transaction volume
and elimination of several toll gates.

Source: Jasa Marga Source: http://www.gaikindo.or.id (2)


Note:
(1)Economic slow down in 2015;
(2)GAIKINDO: Gabungan Industri Kendaraan Bermotor Indonesia (The Association of Indonesian Automotive Industries).

12
Projects
and
Operational Details
Jasa Marga’s Toll Road Projects

Currently, Government accelerate infrastructure development to connect Indonesia. All of Jasa Marga’s toll road projects are part of Strategic
National Project that being monitored intensively by Government.

Percentage of Jasa
Length
Section Concession Period Marga’s Ownership
(km)
(%)
Funding Structure
Old Concession
13 Old Concession 2044 512.1 Equity
A. Fully Operated 30%
1 Nusa Dua-Ngurah Rai-Benoa 2057 10 55
2 JORR W2 North (part of JORR) 2044 7.7 65
3 Surabaya-Mojokerto (part of Trans Java) 2049 36.3 55.5
4 Solo-Ngawi (part of Trans Java) 2055 90.43 40 Bank Loan at
5 Semarang-Solo (part of Trans Java) 2055 72.6 58.9 Subsidiary Level
6 Gempol-Pasuruan (part of Trans Java) 2058 34.2 98.8 70%
7 Batang-Semarang (part of Trans Java) 2058 75 40
B. Half Operated
8 Gempol-Pandaan 2049 13.6 92.2
9 Bogor Outer Ring Road 2054 11.95 55
10 Medan-Kualanamu-Tebing Tinggi 2054 61.7 55
11
Ngawi-Kertosono-Kediri (part of Trans
2066 114.92 40 Historical Capex
Java)
C. In Land Acquisition and Construction 11,691
12 JORR2 (Cengkareng-Kunciran) 35 years from effective date 14.2 76.2
13 JORR2 (Kunciran-Serpong) 35 years from effective date 11.2 60 7,382
14 JORR2 (Serpong-Cinere) 35 years from effective date 10.1 55
15 Pandaan-Malang 35 years from effective date 37.6 60
16 Balikpapan-Samarinda 40 years from effective date 99.4 59 3,196
2,123 2,521
17 Manado-Bitung 40 years from effective date 39.9 65
18 Jakarta-Cikampek II Elevated 45 years from effective date 36.4 80
19 Jakarta-Cikampek II South 35 years from effective date 64 80
20 Probolinggo-Banyuwangi 35 years from effective date 172.9 94.8 2013 2014 2015 2016 2017
TOTAL 1.527

14
Jasa Marga’s Upcoming Projects: Greater Jakarta

6 projects
Jakarta Cikampek II Elevated (36.40 km)
Progress Construction: 63.45%
Cengkareng – Kunciran (14.19 km)
Progress Land Acquisition: 58.51%
Progress Construction: 43.67%

Kunciran – Serpong (11.19 km)


Progress Land Acquisition: 98.70%
Progress Construction: 84.14%

Serpong – Cinere (10.14 km)


Progress Land Acquisition: 79.23%
Progress Construction: 49.39%
Jakarta-Cikampek II Selatan (64 km)

Bogor Outer Ring Road (BORR) (11 km)


(Section 2B Kd, Badak – Yasmin)
Progress Land Acquisition: 100%
Progress Construction: 100%
Half Operated

In Land Acquisition and Construction

*As of 18th Jan 2019

15
Jasa Marga’s Upcoming Projects: Java

Semarang-Batang (75 km)


8 projects Progress Construction: 100%
Progress Land Acquisition : 90.12%
Semarang – Solo(73 km)
Progress Construction (Salatiga-Kartasuro): 100%
Progress Land Acquisition (Salatiga-Kartasuro): 100%
Solo – Ngawi (90.43 km)
Progress Construction : 100%
Progress Land Acquisition: 100%
Ngawi – Kertosono - Kediri (114.92 km)
Progress Construction (Wilangan-Kertosono): 100%
Progress Land Acquisition((Wilangan-Kertosono): 100%

Gempol – Pandaan (12 km)

Gempol – Pasuruan (34.2 km)


Progress Construction
(Pasuruan-Grati): 100%
Progress Land Acquisition
(Pasuruan-Grati): 100%

Probolinggo-Banyuwangi (172.91 km)

Pandaan – Malang (38.49 km)


Progress Construction: 80.00%
Progress Land Acquisition : 93.10%

Full Operated

Half Operated

In Land Acquisition and Construction *As of 18th Jan 2019

16
Jasa Marga’s Upcoming Projects:
Sumatera, Kalimantan, and Sulawesi

3 projects
MALUKU

SUMATRA
SULAWESI

KALIMANTAN

Medan-Kualanamu-Tebing Tinggi (61.7 km) Balikpapan-Samarinda (99.35 km) Manado-Bitung (39.9 km)
Progress Land Acquisition: 99.98% Progress Land Acquisition: 99.18% Progress Land Acquisition: 70.44%
Progress Construction: 100% Progress Construction: 80.89% Progress Construction: 31.72%

Half Operated

In Land Acquisition and Construction


*As of 18th Jan 2019

17
Appendix
Financial Highlight: Balance Sheet
(IDR Billion)

2013 2014 2015 2016 2017 3Q2017 3Q2018 ∆Rp ∆%


Restated Restated (Audited) (Audited) (Audited) (Unaudited) (Unaudited)
(Audited) (Audited)

Cash and Cash Equivalent 3,514.1 3,290.8 3,323.2 4,124.9 6,873.0 6,873.0 3,834.9 2,748.1 -44.2%

Other Current Assets 274.2 255.0 405.8 8,840 12,114.0 12,114.0 11,398.5 3,273.9 -5.9%
Non Current Assets 24,270.3 28,314.2 32,995.9 40,535.3 60,326.2 60,326.2 60,270.7 19,790.9 -0.1%
TOTAL ASSETS 28,058.6 31,860.0 36,725.0 53,500.3 79,313.3 79,313.3 75,504.1 25,812.9 -4.8%
Current Liabilities 4,871.3 4,301.0 7,543.4 18,627.0 24,997.9 24,997.9 27,512.0 6,371.0 10.1%

Non Current Liabilities 12,629.3 16,538.2 16,612.5 18,534.5 35,955.9 35,955.9 29,143.0 17,421.4 -18.9%

TOTAL LIABILITIES 17,500.6 20,839.2 24,356.3 37,161.5 60,953.8 60,953.8 56,655.0 23,792.3 -7.1%

Equity 10,557.9 11,020.7 12,368.7 16,338.8 18,359.4 18,359.4 18,849.1 2,020.6 2.7%

TOTAL LIABILITIES AND


28,058.6 31,860.0 36,725.0 53,500.3 79,313.3 79,313.3 75,504.1 25,812.9 -4.8%
EQUITY

19
Financial Highlight: Income Statement
(IDR Billion)

Stable Revenue growth with steady EBITDA to maintain stable net income growth during expansion
2013 2014 2015 2016 2017 3Q2017 3Q2018 ∆Rp ∆%
Consolidated Financial Statement Restated Restated (Audited) (Audited) (Audited) (Unaudited) (Unaudited) (YoY) (YoY)

(Audited) (Audited)

Toll Revenue 5,802.7 6,646.4 7,121.0 7,926.7 8,281.3 6,064.2 6,636.1 571.8 9.4%
Other Business Revenue 508.2 581.4 509.7 905.7 640.4 718.1 494.4 (223.8) -31.2%
REVENUE 6,310.9 7,227.8 7,630.7 8,832.3 8,921.7 6,782.3 7,130.4 348.1 5.1%

Toll and Other Operating Expenses (3,231.3) (4,022.9) (3,772.1) (3,079.8) (3,033.2) 46.6 -1.5%
(3,562.8) (3,562.8)
General and Administrative Expenses (1,087.8) (949.0) (1,152.5) (784.7) (928.7) (144.0) 18.4%
(884.8) (884.8)
Financial Income 229.1 265.5 217.8 202.7 284.0 196.0 381.9 185.9 94.9%
Gain on Divestment - - - - 563.5 563.5 876.9 313.4 N/A

Other Expenses (33.5) (99.0) (363.0) (117.7) (380.2) (262.5) 223.0%


(20.3) (29.8)
Tax expense of Financial Income - - 43.6 (40.6) (47.6) (35.5) (35.9) (0.4) 1.1%
Other Income 22.7 22.0 98.7 195.0 55.9 22.5 55.9 33.4 148.1%
OPERATING INCOME 2,259.2 3,072.7 3,477.7 4,165.5 4,648.1 3,634.9 4,205.8 570.9 15.7%
Operating Income Margin 35.8% 42.5% 45.6% 47.2% 52.1% 53.6% 59.0% N/A 5.4%
EBITDA 3,398.5 4,006.8 4,285.0 5,228.5 5,481.0 3,888.8 4,467.1 578.4 14.9%
EBITDA Margin 53.9% 55.4% 56.2% 59.2% 61.4% 57.3% 62.6% N/A 5.3%

Finance Cost (944.2) (1,509.0) (1,268.9) (896.0) (1,487.0) (591.0) 66.0%


(1,215.3) (1,405.0)
Share in Net Loss of Associates (4.3) (6.8) (128.8) (78.0) (214.8) (136.8) 175.3%
(4.3) (4.3)
INCOME BEFORE TAX 1,310.6 1,850.7 2,068.3 2,649.7 3,250.5 2,660.9 2,504.0 -156.9 -5.9%

Income Tax Expense (381.9) (846.6) (1,156.8) (819.4) (825.7) (6.3) 0.8%
(613.7) (749.1)
NET INCOME 1,027.7 1,421.7 1,466.4 1,889.3 2,200.3 1,902.1 1,771.3 -130.8 -6.9%
Net Income Margin 16.3% 19.7% 19.2% 21.4% 24.7% 28.0% 24.8% N/A -3.2%
20
Toll Revenue by Branch/Subsidiary
(IDR billion)

∆% CAGR
Branch/Subsidiary 2013 2014 2015 2016 2017 3Q2017 3Q2018
3Q17 vs. 3Q18 2013-2017

1 Jagorawi 548.2 607.5 620.2 697.0 874.0 496.6 602.2 21.3% 12.4%
2 Jakarta-Cikampek 976.6 1,023.4 1,137.8 1,232.5 1,265.7 959.3 864.9 -9.8% 6.7%
3 Jakarta-Tangerang 408.0 467.1 507.5 580.7 755.7 543.6 627.7 15.5% 16.7%
4 Cawang-Tomang-Cengkareng 1,110.0 1,212.3 1,247.0 1,412.7 1,475 1,112.2 1,146.4 3.1% 7.4%
5 Purbaleunyi 1,017.4 1,175.9 1,197.5 1,350.6 1,299.0 967.2 1,029.2 6.4% 6.3%
6 Surabaya-Gempol 270.5 309.0 335.8 402.0 418.6 312.1 328.0 5.1% 11.5%
7 Semarang 104.8 106.5 113.2 136.6 138.9 105.0 115.5 10.1% 7.3%
8 Belmera 81.6 91.3 90.2 105.5 113.7 84.5 113.4 34.1% 8.7%
9 Palikanci 107.5 112.4 133.0 169.5 181.2 136.2 148.7 9.2% 14.0%
10 PT Jalantol Lingkarluar Jakarta 1,055.0 1,182.4 1,163.7 1,010.2 1,024.8 802.2 746.8 -6.9% -0.7%
TOTAL PARENT LEVEL 5,679.5 6,288.0 6,545.9 7,097.3 7,546.9 5,518.9 5,722.8 3.7% 7.4%
11 PT Marga Sarana Jabar 45.6 67.2 86.9 100.2 98.7 74.4 94.1 26.5% 21.3%
12 PT Trans Marga Jateng(1) 36.5 107.3 129.5 152.8 57.7 57.7 - -100.0% 12.1%
PT Jasamarga Surabaya
12 17.6 18.8 20.1 36.0 50.5 34.4 220.5 541.6% 30.3%
Mojokerto
14 PT Jasamarga Bali Tol 23.7 106.1 122.7 143.3 149.9 119.9 125.3 4.5% 58.7%
15 PT Marga Lingkar Jakarta - 59.0 188.0 337.3 276.5 205.9 198.7 -3.5% n/a

16 PT Jasamarga Pandaan Tol - - 27.8 59.7 68.1 50.7 65.1 28.3% n/a

17 PT Jasamarga Gempol Pasuruan - - - - 8.6 2.3 43.0 1739.4% n/a

18 PT Jasamarga Kualanamu Tol - - - - 24.2 - 133.3 n/a n/a

19 PT Jasamarga Solo Ngawi - - - - - - 31.1 n/a n/a


PT Jasamarga Ngawi Kertosono
20 - - - - - - 2.4 n/a n/a
Kediri
TOTAL SUBSIDIARY LEVEL 123.3 358.4 575.1 829.3 734.3 545.3 913.3 67.5% 56.2%
TOTAL 5,802.7 6,646.4 7,121.0 7,926.6 8,281.2 6,064.2 6,636.1 9.4% 9.3%

Notes :
(1) Deconsolidated since 1H2017
21
Transaction Volume by Section
(Million vehicle transactions)

∆% CAGR 2014-
No Branch/Subsidiary 2013 2014 2015 2016 2017 2018
FY17 vs. FY18 2018

1 Jagorawi 199.6 201.3 204.2 207.7 189.5 148.5 -21.6% -7.3%


2 Jakarta-Cikampek 202.2 206.1 215.0 221.7 205.5 181.6 -11.6% -3.1%
3 Jakarta-Tangerang 113.0 119.8 127.4 130.9 133.1 138.0 3.7% 3.6%
4 Cawang-Tomang-Cengkareng 283.1 282.8 284.7 294.9 300.8 296.9 -1.3% 1.2%
6 Purbaleunyi 63.9 66.4 66.3 67.5 68.8 69.7 1.3% 1.2%
8 Surabaya-Gempol 81.7 82.9 89.6 97.7 101.0 100.3 -0.7% 4.9%
9 Semarang 48.9 48.1 50.4 51.8 52.6 39.8 -24.4% -4.6%
10 Belmera 24.0 25.4 24.8 25.8 27.9 28.0 0.4% 2.5%
11 Palikanci 20.2 19.9 23.0 19.0 14.6 14.5 -0.6% -7.6%
12 JORR Non S 146.7 151.6 90.7 95.8 98.3 88.6 -9.8% -12.6%
13 Ulujami-Pondok Aren 46.9 45.1 43.7 46.1 47.5 34.9 -26.6% -6.2%
Total Parent 1,230.3 1,249.5 1,219.7 1,258.8 1,239.5 1,140.7 -7.97% -2.25%
14 PT Marga Sarana Jabar 12.5 13.7 15.3 16.5 15.8 16.4 3.9% 4.6%
15 PT Jasamarga Surabaya Mojokerto 11.3 12.1 13.0 15.4 17.1 24.5 42.9% 19.4%
17 PT Jasamarga Bali Tol 3.3 14.3 16.5 17.5 18.2 18.3 0.5% 6.3%
18 PT Marga Lingkar Jakarta - 14.5 24.7 26.9 30.5 29.6 -2.9% 19.56%
19 PT Jasamarga Pandaan Tol - - 2.8 5.8 7.2 11.0 52.7% n.a
20 PT Jasamarga Gempol Pasuruan - - - - 0.7 3.9 449.3% n.a
21 PT Jasamarga Kualanamu Tol - - - - 0.8 6.9 721.43% n.a
22 PT Jasamarga Ngawi Kertosono Kediri - - - - - 2.7 n.a n.a
23 PT Jasamarga Solo Ngawi - - - - - 3.4 n.a n.a
24 PT Trans Marga Jateng 6.6 15.6 18.7 20.5 19.7 13.5 -31.6% -3.49%
Total Subsidiary 33.6 54.5 72.4 82.0 110.1 130.2 18.2% 24.3%
TOTAL 1,263.9 1,304.0 1,292.1 1,340.8 1,349.66 1,270.94 -5.8% -0.6%
Note : 1) The changes in the traffic pattern and the impact from the removal of toll gates cikopo because of integration in cluster 1 (Cikampek,Padaleunyi,Cipularang,Cikopo- Palimanan) in 2016
2) There is changes in traffic record as the impact of removal gate Plumbon 3, Plumbon 4, and Ciperna Utama because of integration in Cluster II (Palimanan-Kanci, Kanci-Pejagan, Pejagan-Brebes Timur) in 2016
3) Transaction system changes from closed system to open system and the impact of removal of cibubur utama toll gate in 2017
4) Transaction system changes from closed system to open system and the impact of removal of karang tengah toll gate in 2017
5) Transaction system changes from closed system to open system and the impact of removal of tembalang, manyaran, gayamsari toll gate in 2018
6) Deconsolidated from financial statement since July 9 th 2018

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Disclaimer

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The information and opinions contained in this presentation have not been independently verified, and no representation or warranty,
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Thank You

PT Jasa Marga (Persero) Tbk.


Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550 - Indonesia
Phone. +62 21-8413526, 8413630
Fax. +62 21-8401533, 8413540
Email. Investor.relations@jasamarga.co.id
www.jasamarga.com
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