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Page 1

          
Page 2
1   PTPP
    at GLANCE
Page 3
                                                                                              OVERVIEW PTPP
                                                                                                                              INVESTMENT                                    CONSTRUCTION
      SEKILAS TENTANG PTPP
        Lini bisnis PTPP dibagi menjadi 2 yaitu Jasa Konstruksi dan Investasi.
        Jasa Konstruksi dikembangkan melalui kegiatan Kontraktor (Gedung,
        Sipil, dan EPC) dan Bisnis Kontraktor Spesialis (Specialist, Plant, dan
        Equipment). Sedangkan bidang Investasi, PTPP membaginya ke dalam
        Infrastruktur, Energi, dan Properti.

       Selama 1 Dekade (2014 - 2024), PTPP telah membangun 774 proyek
       yang terbagi menjadi 494 proyek Gedung, 238 proyek Infrastruktur
       dan 42 proyek EPC.



      GROUP STRUCTURE                                                                                                                                PORTOFOLIO SATU DEKADE TERAKHIR
    1          GOVERNMENT
                                         51% MANAGEMENT
                                              PT DANANTARA ASSET
                                                        (PERSERO)   0,03%
                                                                            PTPP’s EMPLOYEE
                                                                             COOPERATIVE       48,77%   PUBLIC            0,23%
                                                                                                                                   TREASURY
                                                                                                                                     STOCK
SERIES A DWI
  WARNA
               OF INDONESIA
   SHARE

                                                                                                                                                                INFRASTRUKTUR

                                                                                                                                                                  238
                                                                                                                                                                   Proyek
                                                                                                    Listed in:



                                                                                                                                                                                           TOTAL

                                                                                                                                                                                           774
                   Listed in:                                        PT PP (Persero) Tbk


                                                                                                                                                                                           Proyek
                                                                                                                                                       GEDUNG                     EPC

        64,96%                  76,99%        99,99%       99,09%    99,15%          98,58%    82,15%            75,10%   67,82%
                                                                                                                                                      494                         28
                                                                                                                                          OTHER        Proyek                     Proyek
                                                                                                                                        AFFILIATES
Page 4
                                           GROUP STRUCTURE
 MAIN SUBSIDIARIES                                       SUBSIDIARIES



                                                         PPSD       SC    PPSB           CPI




 AFFILIATED                                           AFFILIATED                 AFFILIATED



 WSP             JMB   JBS           JJB     CW        IFPRO        JRB          CRI           KITB   PMT      PPTR        SCMPP   KLN




                                                  DIVESTED PORTFOLIOS


                                                                                                        BPJS
PT Citra Karya           PT Jasamarga               PT Jasamarga                   SIP                         PT Ultra Mandiri
  Jabar Tol              Kualanamu Tol             Pandaan Malang                                              Telekomunikasi
Page 5
               PTPP BUSINESS DEVELOPMENT
                                                                                                                                                                                             PHILLIPPINES
PORTOFOLIO LATEST DECADE                                                                  ON GOING PROJECTS                                                                                  2 PROJECTS
                                                                                          As of August 2025


                                                                                                                            87
                                                                                                                                               KALIMANTAN
             INFRASTRUKTUR                                                                                                                     16 PROJECTS

               238                                                                                                                                                   SULAWESI
                                                                                                                                                                                         PAPUA & MALUKU
                Proyek                                                                                                                                              5 PROJECTS
                                                                                                                                                                                           2 PROJECTS
                                                                         TOTAL

                                                                         774
                                                                         Proyek
  GEDUNG                                    EPC                                                   SUMATERA

 494                                        28                                                   10 PROJECTS
                                                                                                                                                     BALI & NUSA TENGGARA
  Proyek                                    Proyek                                                                                                        44 PROJECTS
                                                                                                                        JAVA
                                                                                                                    44 PROJECTS

   In 2023, marking a strategic step in global market expansion and competencies enhancement. PTPP secured 2 international
           projects in Manila, Philippines - the North–South Commuter Railway development, valued at IDR 3.7 trillion
                                                          23.573
    REVENUE
                                   25.000   2.500.000%




                                                                                                                                                    19.812
                                                            332.000%




                                                                                                          18.922             18.464
                                                                                         16.764
    2019-2024
                                                            2.025.300%




                                                                           15.831
                                                                                                                                                       565.900%



                                   18.750    1.875.000%

                                                                                                               681.300%


                                                                                                                                  463.900%




                          IDR
                                                                                           435.500%




                                                                              607.500%




                     113,4
                                                                                                                                                       1.415.300%

                                                                                                                                  1.382.500%




                                   12.500    1.250.000%



                                                                                           1.240.900%

                                                                                                               1.210.900%




                                                                              975.600%




                                    6.250     625.000%
                                                                                                                                                                          Subsidiaries
                         Triliun
                                                                                                                                                                            Parent
                                                    0%
                                       0                       2019            2020           2021               2022               2023                 2024




                                                          2019              2020         2021             2022               2023                    2024
Page 6
2 PENCAPAIAN
  KINERJA
  PERUSAHAAN
Page 7
                                    PERFORMANCE HIGHLIGHTS
         NEW CONTRACT                                       REVENUE                                           EAT
                                                                                                                             300




                                                                                                                                                                       244
                                       28.500
                                                                                                                              100
                                                                                                                                        147
                                                                                                                                                        65
30.000                                             30.000                                              500




         YOY : -12,92%                                      YOY : -23,7%                                      YOY : -0,57%              -96             -14            -87
                                                                                                                             -100

                                                                                                                                     Q2 2024
                                                                                                                                      Parent Entity   Q2 2025        2025FInterest
                                                                                                                                                                    Minority
22.500                                             22.500                                               375




           17.379                                                                     18.297
15.000
                         15.279                    15.000                                              250




                                                              8.793                                                                                           157
 7.500                                              7.500                  6.709                        125




                                                                                                                  51            51
    0                                                  0                                                 0




            8M 2024       8M 2025         2025 F               Q2 2024      Q2 2025      2025 F                  Q2 2024       Q2 2025                        2025 F




         ASSETS                                             LIABILITIES                                       EQUITY
                                    YOY : -1,87%                                      YOY : -2,69%                                                    YOY : -0,36%

60.000




          56.589         55.532
                                                   60.000                                            60.000




45.000




                                       41.684      45.000


                                                              42.519       40.222
                                                                                                     45.000




30.000                                             30.000




                                                                                      26.118         30.000




15.000                                             15.000                                            15.000
                                                                                                                15.255       15.310                     15.565


    0                                                  0                                                 0




             2024        Q2 2025         2025 F                 2024       Q2 2025      2025 F                    2024       Q2 2025                          2025 F
Page 8
3 KINERJA
  PEMASARAN
Page 9
                         NEW CONTRACT ACHIEVEMENTS
            NEW CONTRACT in Billion IDR                        NEW CONTRACT BASED ON OWNERSHIP
45.000




                                   YOY : -0,57%                            8M 2024                                            8M 2025                                         2025 F
33.750




                31.673                                                           SOE                                                SOE                                            SOE
                         27.092        28.500                                    22%                                                51%                                            30%

22.500




                                                                           IDR                                                IDR                                            IDR

                                                                           19,06                                              15,28                                          28,50
 11.250




                                                              Private                                                                 Trillion
                                                                                   Trillion                                                                                          Trillion     Government
                                                               35%
                                                                                                 Government                                                                                          30%
                                                                                                                                                                   Private
     0




                  2023     2024           2025 F                                                    43%                                            Government
                                                                                                                                                      18%           41%
                                                                                                                        Private
                                                                                                                         31%
              NEW         FY        FY         2025
            CONTRACT     2023      2024         F              NEW CONTRACT BASED ON BUSINESS LINE
          CONSTRUCTION    19.791    19.828         24.480                  8M 2024                                            8M 2025                                         2025 F
                                                                                                                                                                        Mining Dam
                                                                        Building                                                                 Building
          EPC              1.235      305           1.750                                          Airport                                                               6%     4%
                                                                         27%                                            Power Plant                18%
                                                                                                     1%                    18%                                     Power Plant                   Building
                                                                                                                                                                      2%                          32%
                                                                                                             Industry
          OVERSEAS        3.554           0            0
                                                                                                                1%                                                      Industry
                                                                           IDR                                                IDR
                                                                                                                        Oil&Gas                                            6%IDR
          SUBSIDIARIES    7.092     6.939           2.270   Industry
                                                              13%
                                                                           19,06                                          5%
                                                                                                                              15,28                   Road &
                                                                                                                                                      Bridge
                                                                                                                                                                 Port
                                                                                                                                                                 13%
                                                                                                                                                                             28,50
                                                                                   Trillion                                           Trillion         16%                           Trillion
                                                                                                                                                                                                Irrigation
                TOTAL    31.673    27.092      28.500          Others                                            Mining                            Dam                                              1%
                                                                2%                                                19%                               2%                  Oil & Gas
                                                                                              Road & Bridge                                                     Airport    3%
                                                                                                                                     Port         Irrigation                      Road & Bridge
                                                                                                  58%                                                             6%
                                                                                                                                     15%              5%                              27%
Page 10
                                          NEW CONTRACT
                                                      Contract                                                        Contract
No                      Project                                    No                     Project
                                                       Value                                                           Value

1    COMBINED CYCLE POWER PLANT (PLTGU)
     BATAM-1 120MW
                                                      2.683.746    7    FUEL PIPELINE SERVICES CIKAMPEK - PLUMPANG    786.500

2    NEW PRIOK EAST ACCESS PHASE II                   2.330.000    8    DATA CENTER TELKOM BATAM PHASE II             410.553

     ITACHA 2 - PROVISION OF PROCUREMENT AND CONS
3                                                     1.930.000    9    QUICK WIN KRUI & ANAMBAS HOSPITAL             289.952
     FOR HAUL ROAD

4    KATARAJA TOLL ROAD PHASE II                      1.356.300    10   ROAD IMPROVEMENT PACKAGE F IN KIPP 1B          274.711

5
5    IUP EXCLUSIVE TOSIDA POMALA                       953.180     11   DAM OF BAGONG PACK. 3                         271.834
                                                                                                                      224.442

6    MANDIRI FINANCIAL CENTER PIK                      878.378     12   OTHERS                                        3.482.253


                                                New Contract As Of August 2025                                       15.279.195
Page 11
4 KINERJA
  KEUANGAN
Page 12
 FINANCIAL PERFORMANCE
     REVENUE SEGMENTATION
                                                                         PPRE
                                PPRE
     Q2                         20%
                                             Q2                          24%
                                                                                      2025
    2024                                    2025                                       F
                                                                                                                  PPRE
                                PPIN                                                                              20%
               IDR              3%                      IDR                                      IDR
                                            YOY :

               8.79                                     6.71                                     18.29
                                                                         PPIN
                                PPUB       -23,7%                        5%
                                2%
                                                                         PPRO                                     Others
                     Trillion                                 Trillion                 Parent          Trillion
                                PPRO                                     2%                                       2%
                                2%                                                       78%
     Parent                                                              Others
       71%                                    Parent
                                Others                                   2%
                                                67%
                                2%




     OPERATING PROFIT SEGMENTATION
                                                                         Parent
                                Parent                                   51%                                      Parent
     Q2                         66%          Q2                                       2025                        87%
    2024                                    2025                                       F

               IDR                                      IDR                                      IDR
                                            YOY :

               1.14  Trillion
                                           -16,9%
                                                        947   Billion
                                                                                                 2.55  Trillion



Subsidiaries                                                                      Subsidiaries
       34%                               Subsidiaries                                     13%
                                                49%
Page 13
                                     RASIO KEUANGAN
                                                            sd TW II 2025

GROSS MARGIN                      OPERATING MARGIN                    CURRENT RATIO                          DEBT TO EBITDA

  Q2 2025     13,74%                   Q2 2025     7,64%                    Q2 2025    1,37 x                   Q2 2025       8,39 x
   Q2 2024    11,83%                     Q2 2024    7,47%                    FY 2024   1,29 x   Covenant            FY 2024   5,56 x
                                                                                                 Min 1,1 x


DEBT TO EQUITY                    DER (Interest Bearing)              ICR                                    DCSR

  Q2 2025     2,63 x                    Q2 2025     1,39x                   Q2 2025    1,20 x                   Q2 2025       0,90 x
    FY 2024   2,71 x   Covenant
                                          FY 2024   1,43 x                   FY 2024   1,67 x   Covenant
                                                                                                                    FY 2024   0,85 x Covenant
                         Max 3x                                                                 Max 1,25 x                              Min 1 x
Page 14
5 INVESTMENT
 HIGHLIGHT
Page 15
                           CAPITAL EXPENDITURE
        CAPITAL                      CAPITAL EXPENDITURE COMPOSITION
3.000




        EXPENDITURE                                                       Subsidiaries
                                                                             69%
         2.480
2.250




                           2.133
                                                                                                                                                      Main
                                                           IDR                                       Q2 2025
                                     2024                                                                                        IDR               Subsidiaries


1.500
                                                          2.48     Trillion                      Strategic Business
                                                                                                                                 531
                                                                                                                                                      79%


                                                                                                                                         Billion
                                                                                                     Unit (SBU)
                                         Main                                                           21%
                                      Subsidiaries
 750
                                         13%
                  531
                                                                          Affiliate                        Affiliate
                                                                             1%                              10%
                                                     Strategic Business
   0



                                                         Unit (SBU)                   Subsidiaries
          2024   Q2 2025    2025 F                          17%                          21%


                                                                                                                            Strategic Business
                                                                                                     IDR                        Unit (SBU)

                                                                                                     2.13
                                                                                                                                   30%
                                                                     2025 F
                                                                                                             Trillion




                                                                                                                        Others
                                                                                             Main                         1%
                                                                                          Subsidiaries
                                                                                             39%
Page 16
                                CORPORATE STRATEGY
DIVESMENT                                  Subsidiaries     DIVESMENT
                                              10%
TARGET                                                      TARGET
                             Target                                                        Target
BY ENTITY                   Proceed                         BY SECTOR                     Proceed
                                                                                                                Property
                      IDR                                                           IDR                            2%

                       3,06     Trillion
                                                                 Infrastructure
                                                                      98%
                                                                                     3,06     Trillion


      Holding
       90%



PARETO DIVESTMENT TARGET

   PT PP Infrastruktur                           PT Centurion                     PT Celebes Railway                       PT PP Semarang Demak
                                                 Perkasa Iman                         Indonesia




                Target Shares                             Target Shares                             Target Shares                     Target Shares
                  Divested                                  Divested                                  Divested                          Divested

                99,2%                                     67,8%                                47,81%                                46,6%
Page 17
6 CORPORATE
 STRATEGY
 2025
Page 18
                           STRATEGI KORPORASI 2025
KONSTRUKSI: BACK TO CORE                                                                     PENGELOLAAN PORTOFOLIO




Peningkatan                                                                                 Divestasi dan
                                                                                                                         Pengelolaan portfolio       Streamlining portfolio
Market Share khususnya     Fokus pada proyek           Partisipasi selektif                 restrukturisasi anak usaha
                                                                                                                         yang prudent dengan         melalui optimalisasi
pada Infrastruktur dan     dengan sumber dana          dengan expertise pada                serta asosiasi untuk
                                                                                                                         memperkuat                  bisnis yang mendukung
Gedung yaitu mendukung     yang secure                 sektor EPC                           menurunkan leverage
                                                                                                                         manajemen risiko            core business
MBG, Sekolah dan Irigasi                                                                    level



ENABLERS




                                  Risk Management yang                Pengembangan organisasi yang                                           Peningkatan implementasi ESG
Fokus pada penurunan leverage                                                                            Mengedepankan inovasi teknologi
                                  komprehensif melalui all-in         Agile, mendukung inklusi gender                                        guna mempermudah akses ke
perusahaan                                                                                               dan digitalisasi korporasi
                                  profitability                       dan performance based feedback                                         green financing
Page 19

          

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Names mentioned 9 people and organisations named in the text · linked when the evidence is strong

possible org PP (Persero) Tbk p.3 ×2
unresolved org PT Citra Karya p.4
unresolved org PT Jasamarga p.4 ×2
unresolved org PT Ultra Mandiri Jabar Tol p.4
unresolved org PT PP Infrastruktur p.16
unresolved org PT Centurion p.16
unresolved org PT Celebes Railway p.16
unresolved org PT PP Semarang Demak Perkasa Iman p.16

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