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SIARAN PERS UNTUK DITERBITKAN SEGERA                              PRESS RELEASE FOR IMMEDIATELY RELEASE
                                                                                 *) (unofficial translations)

Laba Bersih BSDE Melonjak 159,02%                             Net Profit of BSDE Soars 159.02% *)

Tangerang, 31 Juli 2023 – PT Bumi Serpong Damai Tbk           Tangerang, July 31st, 2023 – PT Bumi Serpong Damai Tbk
(BEI: “BSDE”) pengembang kota mandiri terbesar di             (IDX: "BSDE"), the largest independent township developer
Indonesia dan anggota grup properti terkemuka Sinar           in Indonesia and a member of the leading property group
Mas Land meraih kinerja positif pada Semester I-2023.         Sinar Mas Land, achieved a positive performance in the first
Hal tersebut tercermin pada Laporan Keuangan (tidak           half of 2023. This is reflected from the unaudited Financial
diaudit) yang disampaikan hari ini.                           Report released today.

BSDE berhasil membukukan lonjakan Laba Periode                BSDE successfully recorded a significant surge in the Profit
Berjalan yang Dapat Diatribusikan Kepada Pemilik              for the Period Attributable to the Owners of the Company
Entitas Induk (Laba Bersih) sebesar 159,02%. BSDE             (Net Profit) by 159.02%. During the first six months, BSDE
pada enam bulan pertama mencatat Laba Bersih sebesar          reported a Net Profit of IDR1.20 trillion, compared to
Rp1,20 triliun dibandingkan periode yang sama tahun           IDR463.64 billion in the same period last year.
lalu yakni Rp463,64 miliar.

Hermawan Wijaya, Direktur PT Bumi Serpong Damai               Hermawan Wijaya, Director of PT Bumi Serpong Damai Tbk
Tbk menyampaikan, “Pencapaian tersebut tidak dapat            stated that “This achievement is a result of BSDE's business
dilepaskan dari strategi bisnis BSDE yakni fokus              strategy, which focuses on developing property products
mengembangkan produk properti yang diminati publik            that are in demand by the public, both residential and
baik residensial maupun komersial. Terutama di daerah-        commercial. Particularly in strategic areas, supported by
daerah strategis dan ditopang oleh akses jalan dan            well-connected roads and integrated public transportation
transportasi publik yang terintegrasi.”                       systems.”

Pada enam bulan pertama 2023, BSDE membukukan                 In the first six months of 2023, BSDE achieved a robust
Pendapatan Usaha sebesar Rp4,99 triliun, tumbuh               30.31% growth in Operating Revenue, amounting to
menyakinkan 30,31% dibandingkan periode yang sama             IDR4.99 trillion, compared to IDR3.83 trillion in the same
tahun lalu Rp3,83 triliun. Pertumbuhan pendapatan             period last year. This remarkable revenue growth was
tersebut ditopang oleh segmen-segmen usaha utama              driven by the BSDE's key business segments.
yang dimiliki BSDE.

Segmen Penjualan Tanah, Bangunan dan Strata Title             The Land, Building and Strata Title Sales Segment
sepanjang enam bulan pertama mencatat pendapatan              recorded revenues of IDR4.16 trillion during the first half of
sebesar Rp4,16 triliun. Setara 83,22% dari total              the year, equivalent to 83.22% of the total consolidated
Pendapatan Usaha terkonsolidasi. Pencapaian tersebut          Revenues. This outstanding performance solidifies the land,
mengukuhkan Segmen Penjualan tanah, bangunan dan              building and strata title sales segment as the major revenue
strata Title sebagai segmen dengan kontribusi terbesar.       contributor.

Hermawan menambahkan, “Pada periode ini, segmen               Hermawan added, “That in this period, the segment
ini mampu tumbuh 43,94% dibandingkan periode yang             experienced a remarkable 43.94% growth compared to the
sama tahun lalu. Tercatat pada semester I 2022 sebesar        same period last year when it amounted to IDR2.89 trillion
Rp2,89 triliun.”                                              in the first half of 2022.”

Segmen Sewa pada triwulan II-2023 membukukan                  As for the Rental Segment, during Q2-2023, it generated
pendapatan sebesar Rp464,49 miliar. Tumbuh 1,46%              revenues of IDR464.49 billion, marking 1.46% year on year
year on year (yoy), segmen ini berkontribusi sebesar          (yoy) increase. This segment contributed 9.29% of the total
9,29% atau kontributor terbesar kedua setelah segmen          Revenues, making it the second-largest revenue contributor
penjualantTanah, bangunan dan strata title.                   after the land, building and strata title sales segment.

Adapun Segmen Pengelola Gedung tercatat sebagai               The Building Management Segment, on the other hand,
segmen terbesar ketiga dengan pendapatan sebesar              emerged as the third-largest segment with revenue reaching
Rp181,30 miliar, angka ini tumbuh 6,69% dibandingkan          IDR181.30 billion, marking a solid growth of 6.69%

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tahun lalu Rp169,93 miliar. Angka tersebut setara             compared to last year's IDR169.93 billion. This figure
kontribusi sebesar 3,63%.                                     represents a substantial contribution of 3.63%.

Kontribusi pendapatan lainnya masuk segmen                    Thus, the Others Segment recorded a substantial revenue
Pendapatan Lain-Lain yang membukukan pendapatan               of IDR192.84 billion, equivalent to 3.86% of the consolidated
sebesar Rp192,84 miliar, setara kontribusi 3,86%              Revenues.
terhadap Pendapatan Usaha konsolidasian.

Solidnya penjualan yang diimbangi oleh lebih rendahnya        The strong sales performance, coupled with a relatively
pertumbuhan pada akun Beban Pokok Penjualan yang              lower growth in the Cost of Revenues, which increased by
tumbuh 24,37% menjadi Rp1,82 triliun yoy                      24.37% to IDR1.82 trillion yoy compared to IDR1.46 trillion
dibandingkan Rp 1,46 triliun pada tahun lalu. Hal             last year, had a positive impact on Gross Profit. Gross Profit
tersebut berdampak pada pertumbuhan Laba Kotor                surged by 25.36% yoy, reaching IDR3.18 trillion, compared
sebesar 25,36% yoy menjadi Rp3,18 triliun                     to IDR2.37 trillion in the previous year.
dibandingkan Rp2,37 triliun tahun lalu.

BSDE juga berhasil mengontrol pertumbuhan beban               Furthermore, BSDE effectively managed the growth of other
lain-lain, sehingga Laba Usaha berhasil naik 58,00%           operating expenses, leading to a remarkable 58.00%
menjadi Rp1,61 triliun yoy, dibandingkan tahun lalu           increase in Operating Profit, amounting to IDR1.61 trillion
Rp1,02 triliun. Laba Sebelum Pajak pun tumbuh                 yoy, compared to IDR1.02 trillion last year. Consequently,
signifikan 166,56% menjadi Rp1,36 triliun dibandingkan        the Profit Before Tax showed significant growth of 166.56%,
periode yang sama tahun lalu sebesar Rp 510,06 miliar.        reaching IDR1.36 trillion, compared to the same period last
                                                              year, amounted to IDR 510.06 billion.

Solidnya kinerja laba turut berlanjut kepada Laba             The robust profit performance extended to the Profit for the
Periode Berjalan yang tumbuh meyakinkan 165,81%               Period which grew significantly by 165.81% to reach
menjadi Rp1,35 triliun dibandingkan pencapaian                IDR1.35 trillion, compared to the achievement in the same
periode yang sama tahun lalu Rp509,03 miliar.                 period last year of IDR509.03 billion.

Pertumbuhan Pendapatan Usahapun berdampak pada                The Revenues growth also had a positive impact on BSDE's
pertumbuhan Aset BSDE. Pertumbuhan arus kas dari              Asset growth. The increased cash flow from customers
pelanggan membuat posisi Kas dan Setara Kas tumbuh            contributed to a 7.69% year to date (ytd) growth in the Cash
7,69% year to date (ytd), per Desember 2022 tercatat          and Cash Equivalents position. As of December 2022, it
Rp9,73 triliun tumbuh menjadi Rp10,48 triliun.                amounted to IDR9.73 trillion and increased to IDR10.48
                                                              trillion.

Nilai Persediaan pun tumbuh 3,80% menjadi Rp13,09             Inventories value also grew by 3.80% to reach IDR13.09
triliun dibandingkan nilai per akhir Desember 2022            trillion compared to its value at the end of December 2022,
sebesar Rp 12,61 triliun.                                     which was IDR12.61 trillion.

Nilai Aset Lancar pada akhir Juni 2023 tercatat Rp30,20       As of June 2023, the value of Current Assets stood at
triliun tumbuh 2,08% dibandingkan posisi sebelumnya           IDR30.20 trillion, showing a growth of 2.08% compared to
Rp29,59 triliun.                                              the previous position of IDR29.59 trillion.

Aset Tidak Lancar pun membukukan pertumbuhan                  Noncurrent Assets also recorded positive growth, rising by
positif.   Naik 5,68% menjadi Rp37,42 triliun                 5.68% to reach IDR37.42 trillion compared to the previous
dibandingkan periode sebelumnya (Desember 22)                 period (December 2022) of IDR35.41 trillion. Hence, the
sebesar Rp35,41 triliun. Dengan demikian Total Aset           Total Assets increased by 4.04% ytd to reach IDR67.63
tercatat naik 4,04% ytd menjadi Rp67,63 triliun               trillion compared to the position in December 2022, which
dibandingkan posisi Desember 2022 sebesar Rp64,99             was IDR64.99 trillion.
triliun.

Hermawan menegaskan “Manajemen berkeyakinan                   Hermawan stated that “The management is confident that
segmen residensial akan terus menjadi kontributor             the residential segment will continue to be the primary
utama bagi pertumbuhan berkelanjutan BSDE .                   contributor to the company's sustainable growth. The
Kontribusi BSD City yang kini sudah masuk                     ongoing development of BSD City, which has now entered
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pengembangan tahap III, terus menjadi backbone                                Phase III, continues to serve as the backbone for sales
pertumbuhan penjualan bagi BSDE.”                                             growth at BSDE.”

                                (end)                                                                          (end)

Sekilas mengenai PT Bumi Serpong Damai Tbk                                    Overview of PT Bumi Serpong Damai Tbk
PT Bumi Serpong Damai Tbk. (“BSDE”) merupakan pengembang BSD                  PT Bumi Serpong Damai Tbk is the developer of BSD City, the largest
City, kota mandiri terbesar di Indonesia dan flagship project Sinar Mas       satellite city in Indonesia and the flagship project of Sinar Mas Land
Land seluas 5.950ha yang terdiri atas kawasan perumahan dan                   measuring 5,950ha consisting of residential areas and the CBD. In early
kawasan niaga terpadu. Pada awal tahun 2011, BSDE telah                       2011, BSDE completed the acquisition of affiliated companies, PT Duta
merampungkan proses akuisisi perusahaan terafiliasi yakni PT Duta             Pertiwi Tbk, PT Sinar Mas Teladan, and PT Sinar Mas Wisesa. The
Pertiwi Tbk, PT Sinar Mas Teladan dan PT Sinar Mas Wisesa. Akuisisi ini       acquisition is expected to improve the performance of BSDE, especially in
diharapkan dapat meningkatkan kinerja BSDE terutama portofolio                income portfolio and business diversification.
pendapatan dan diversifikasi usaha BSDE.

Paska aksi Korporasi tersebut, BSDE secara konsisten dan                      Post corporate action, BSDE consistently and continuously strengthened its
berkesinambungan memperkuat portfolio pendapatannya dengan                    revenue portfolio by growing both organically and inorganically. Apart
tumbuh secara organic maupun anorganik. Selain aktif dalam                    from being active in land acquisition as a property company backbone,
melakukan akuisisi tanah sebagai backbone perusahaan property,                various strategic partnerships with national and international partners
berbagai kemitraan strategis dengan mitra nasional maupun                     have been carried out to provide added value to projects under BSDE and
internasional telah dilakukan guna memberikan nilai tambah bagi               through Subsidiaries, Associates, and Joint Ventures.
proyek-proyek yang berada di bawah BSDE maupun melalui Entitas
Anak, Entitas Asosiasi dan Entitas Ventura Bersama.

Ke depannya, BSDE juga akan aktif dalam memperkuat cadangan kas               Moving forward, various corporate actions will be done by BSDE. The
BSDE untuk mengembangkan dan meraih peluang-peluang bisnis yang               proceeds will strengthen BSDE’s cash reserves to develop and grab
potensial guna menjamin pertumbuhan bisnis yang berkelanjutan di              potential business opportunities and ensure sustainable business growth in
masa mendatang. BSDE saat ini tercatat sebagai salah satu emiten              the future. BSDE is currently listed as the largest property company in
properti terbesar di Bursa Efek Indonesia (BEI), dengan kapitalisasi          Indonesia Stock Exchange (IDX), with a market capitalization of IDR24.77
pasar sebesar Rp24,77 triliun per 28 Juli 2023.                               trillion on July 28th, 2023.

Untuk informasi lebih lanjut, silahkan menghubungi:                           For further information, please contact:
PT Bumi Serpong Damai Tbk                                                     PT Bumi Serpong Damai Tbk
Hermawan Wijaya, Direktur                                                     Hermawan Wijaya – Director
Email: corporate.secretary@sinarmasland.com                                   Email: corporate.secretary@sinarmasland.com




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