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PT PURADELTA LESTARI TBK PUBLIC EXPOSE LIVE 2025 PRESENTATION SEPT 2025 STRICTLY CONFIDENTIAL
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DISCLAIMER
THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT, IS NOT INTENDED TO BE, AND SHALL NOT BE CONSTRUED AS, AN OFFER, INDUCEMENT,
INVITATION, SOLICITATION, COMMITMENT OR ADVERTISEMENT WITH RESPECT TO THE PURCHASE, SUBSCRIPTION OR SALE OF ANY SECURITY AND NO PART OF IT SHALL
FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOEVER.
The information that follows is a presentation of general background information about PT Puradelta Lestari Tbk. (the “Company”) prepared by the Company as 30 June 2025.
This presentation has been prepared for information purposes only. None of the information appearing in this presentation may be distributed to the press or other media or reproduced or
redistributed in the whole or in part in any form at any time. Any recipient of this presentation and its directors, officers, employees, agents and affiliates must hold this presentation and any
information provided in connection with this presentation in strict confidence and may not communicate, reproduce, distribute or disclose to any other person, or refer to them publicly, in whole
or in part. This presentation is not for publication, circulation or use in the United States and may not be transmitted or taken into the United States.
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in the United States or any other jurisdiction in which such offer,
solicitation or sale would be unlawful under the securities laws of any such jurisdiction, and neither this presentation nor anything contained herein shall form the basis of or be relied on in
connection with any contract or commitment whatsoever.
This presentation may contain forward-looking statements and other information that involve risks, uncertainties and assumptions. Forward-looking statements are statements that concern
plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fact, including, but not limited
to, those that are identified by the use of words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “predicts”, “projects” and similar expressions. Such forward-looking
statements include, without limitation, statements relating to the competitive environment in which the Company operates, general economic and business conditions, political, economic and
social developments in the Asia-Pacific region (in particular, changes in economic growth rates in Indonesia and other Asian economies), the Company's landbank, costs and liabilities,
customer diversification endeavors, the industry of the Company and other factors beyond the Company's control. Actual outcomes may vary materially from those indicated in the applicable
forward-looking statements. Any forward-looking statement or information contained in this presentation speaks only as of the date the statement was made. None of the Company, its
directors, commissioners, officers, employees, agents, advisers, affiliates or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking
statements contained in this presentation, and none of the Company, its directors, commissioners, officers, employees, agents, advisers, affiliates or any other person assumes any obligation
to update any information contained in this presentation or to publicly release any revisions to any forward-looking statements to reflect actual results or events or circumstances that occur or
that it becomes aware of after the date of this presentation. You should not place undue reliance on any forward-looking statements.
Accordingly, no representation or warranty, either expressed or implied, is provided by the Company, its directors, commissioners, officers, employees, agents, advisers, affiliates or any other
person in relation to the accuracy, completeness or reliability of the information contained in this presentation, nor is it intended to be a complete statement or summary of the resources,
markets or developments referred to in this presentation. It should not be regarded by recipients as a substitute for the exercise of their own judgment.
By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein and is deemed to have represented and
agreed that the recipient and any account the recipient represents is (i) located outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as
amended (the “Securities Act”) or (ii) the recipient is a dealer or other professional fiduciary holding a discretionary account or similar account (other than an estate or trust) for the benefit and
account of a person who is not, and each person on whose behalf the recipient is viewing this presentation is not, a US person as defined in Regulation S under the Securities Act.
STRICTLY CONFIDENTIAL PAGE 1
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AGENDA
1
01 COMPANY
A
OVERVIEW 3
02 OPERATIONAL UPDATES 12
03 SUSTAINABLE DEVELOPMENT 23
04 KEY FINANCIAL INFORMATION 30
STRICTLY CONFIDENTIAL PAGE 2
Page 4
01
COMPANY OVERVIEW
STRICTLY CONFIDENTIAL MACQUARIE CAPITAL// PAGE 3
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COMPANY OVERVIEW
PT PURADELTA LESTARI TBK
Leading Integrated Township Developers at East of Jakarta
JOINT VENTURE :
PT Puradelta Lestari Tbk (DMAS)
Project Title : Kota Deltamas
Project Description : Industrial-based Modern Integrated Township
Location : Jalan Tol Jakarta-Cikampek KM 37, Cikarang Pusat, Bekasi
Total Area : ± 3,185 hectares
Established in : 1993
Year of IPO : 2015
STRICTLY CONFIDENTIAL PAGE 4
Page 6
COMPANY OVERVIEW
KEY COMPANY MILESTONES
◼ Direct ◼ Intensity on
access Commenced ◼ Establishme
◼ ◼ Commenced electric ◼ Commenced
from ◼ Bekasi work on nt of JV PT
development vehicle operation on
◼ Incorporate Jakarta- Regency Greenland Panahome
of new usage for Security,
d as a local Cikampek Government International Deltamas
industrial the Fire, and
investment toll road to Center in Industrial Indonesia
zone for Company’s Command
company in Kota Kota Center ◼ Obtained data center operational Center
Indonesia Deltamas Deltamas (“GIIC”) KLIK facility in GIIC activities (SFCC)
1993 1996 2001 2002 2004 2008 2015 2017 2018 2021 2022 2025
◼ Changed company ◼ Launched ◼ Commenced ◼ Listed in ◼ Obtained ◼ Start ◼ Commenced
status to foreign first development IDX Certifications of implementing operation on
capital investment residential of light Renewable Water
company ISO 9001:2015
development industry area Energy Treatment
Sojitz Corporation ISO 14001:2015
◼
ISO 45001:2018 (REC) Plant
(previously Nissho Recycle
Iwai Corporation)
became 25%
shareholder of the
Company
STRICTLY CONFIDENTIAL PAGE 5
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COMPANY OVERVIEW
SHAREHOLDING STRUCTURE
Joint Venture Company of Sinarmas Land and Sojitz Corporation
Ownership Structure of the Company Combination of Unique Strength of
Sinarmas land and Sojitz Corporation
Sojitz PT Sumber
Public
Corporation Arusmulia
Strong
Proven Expertise
International
25.00% 57.28% 17.72% and Long Track
Marketing Platform
Record of Property
and Strategic
Development and
Partnership
Management
PT Puradelta Lestari
Tbk • General trading
• Leading and
conglomerate
most experienced
99.90% 49.00% with a worldwide
property
network in c. 50
developer in
PT Pembangunan PT Panahome countries and
Indonesia
Deltamas* Deltamas Indonesia** regions
• Listed in SGX
• Listed in TSE
* Subsidiary of the Company
** Joint Venture Project
STRICTLY CONFIDENTIAL PAGE 6
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COMPANY OVERVIEW
MANAGEMENT BOARD
Board of Directors
Hongky J. Nantung Atsushi Uehara Monik William Tondy Suwanto
President Director Vice President Director Director Director
Board of Commissioners
Muktar Widjaja Hermawan Wijaya Masayoshi Hirose Seiji Itagaki Teddy Pawitra Susiyati B. Hirawan
President Vice President Vice President Commissioner Independent Independent
Commissioner Commissioner Commissioner Commissioner Commissioner
STRICTLY CONFIDENTIAL PAGE 7
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COMPANY OVERVIEW
BUSINESS MODEL
Our Business Model in Brief
Demand for
Demand for
Demand for housing flowing from employees residential
industrial
and visitors from industrial area
Key industrial customers
Residential developments creating a conducive living
environment that attracts industrial customer workforce
Supporting supplier –
Tier 1
Demand for manpower Social infrastructure Commercial /
Population retail
Supporting supplier – growth developments
Tier 2 creating a
driving
demand for desirable living
commercial environment
Supporting supplier –
Tier 3 Govt centres, educational
institutions, medical,
shopping centers, etc. Demand for
Supporting supplier – commercial
Tier ...
Growth in workforce generating retail traffic
Commercial developments enhances workplace attractiveness
STRICTLY CONFIDENTIAL PAGE 8
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COMPANY OVERVIEW
LOCATION
AUTO INDUSTRY CONCENTRATION
Tanjung Priok
Seaport • Automotive manufacturing and assembling plants in
Soekarno Hatta Indonesia are concentrated in East Jakarta-
Int’l Airport
Cikampek Corridor.
Patimban Deep
• Strategically located at the epicenter of the
Seaport
industrial zone along Jakarta-Cikampek Toll Road.
Bekasi
Regency
Karawang
Cikarang
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COMPANY OVERVIEW
LOCATION
INFRASTRUCTURE DEVELOPMENT TO SUPPORT INDUSTRY
*this picture is just an illustration
Tanjung Priok
4 Seaport
Soekarno Hatta
Int’l Airport Cilincing-
Cibitung Toll
2 Road
5
Bekasi Patimban Deep
Regency Seaport
Cibitung 6 Karawang
7
Cikarang
9
Cibitung- 8
Cimanggis
1 Toll Road
Halim Perdana
Kusuma Airport 3
PROXIMITY & INFRASTRUCTURES Kertajati Airport
Airport Seaport Toll Road High Speed Train
1 37 KM Halim Perdana Kusuma International
6 Jakarta - Cikampek KM37 Cikarang Pusat
4 54 KM Tanjung Priok Jakarta – Bandung High
2 73 KM Soekarno - Hatta International
7 Jakarta - Cikampek KM42 (Future) 9 Speed Train Station
139 KM Kertajati International
5 100 KM Patimban (Under Construction)
3 8 South Jakarta – Cikampek KM 31 Interchange GIIC (Future)
STRICTLY CONFIDENTIAL PAGE 10
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COMPANY OVERVIEW
ENTRANCE TO KOTA DELTAMAS
DIRECT ACCESS TO INTERCHANGE OF KM37
JAKARTA – CIKAMPEK TOLL ROAD
STRICTLY CONFIDENTIAL PAGE 11
Page 13
02
OPERATIONAL UPDATES
STRICTLY CONFIDENTIAL MACQUARIE CAPITAL// PAGE 12
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COMPANY OVERVIEW
DEVELOPMENT AREA AND LAND BANK
Solid Master Plan with Large Land Bank
Interchange
KM 37
Bekasi City
Master Plan of Kota Deltamas Jakarta
Tangerang
Interchange KM 42
(under construction)
Land Bank 30 June 2025 Access to other
industrial estates KCIC Station
Industrial 119 ha
Bekasi
Regency
Karawang
Cikampek
Commercial 358 ha Gov’t
Bandung
Centre
Central Java
Residential 165 ha
TOTAL 642 ha
Industrial Commercial Residential
Interchange KM 31
(under construction)
STRICTLY CONFIDENTIAL PAGE 13
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COMPANY OVERVIEW
ENTRANCE TO KOTA DELTAMAS
GREENLAND INTERNATIONAL INDUSTRIAL CENTER
(GIIC) KOTA DELTAMAS
STRICTLY CONFIDENTIAL PAGE 14
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COMPANY OVERVIEW
INDUSTRIAL ESTATE
One of the Largest Industrial Estate along the Jakarta-Cikampek Toll Road
Big Tenants Area Year Greenland International Industrial Center
KITIC ~200 Ha 2009 – 2011
(“GIIC”)
Suzuki ~130 Ha 2011
• ~ 170 industrial
Hyundai Motor ~ 90 Ha 2019 - 2023 tenants, mostly
Astra Honda Motor ~ 85 Ha 2016 - 2021 Japanese industries
• Implementing
SAIC GM Wuling ~ 60 Ha 2015
integrated
Mitsubishi Motors ~ 51 Ha 2014 – 2015 management system
Kalbe ~ 37 Ha 2017 – 2018 (ISO9001, ISO14001,
ISO45001)
Maxxis ~ 35 Ha 2014
• KLIK facility (direct
Cai Niao ~ 33 Ha 2020
construction after
Frisian Flag ~ 25 Ha 2020 investment facility)
Kohler ~ 20 Ha 2017
• National Vital Object in
the industrial sector
Daikin ~ 20 Ha 2022
STRICTLY CONFIDENTIAL PAGE 15
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COMPANY OVERVIEW
INDUSTRIAL ESTATE
Attracting a Diverse Mix of Customers across the Various Sectors
Auto and Auto Related Logistics Food & Beverage / Related Others
STRICTLY CONFIDENTIAL PAGE 16
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COMPANY OVERVIEW
INDUSTRIAL ESTATE
Key Competitive Advantages of GIIC Kota Deltamas
Strategic Location & Direct Wide Land Bank with Compehensive Facilities and Infrastructures
Access to Toll Road Flexibility in Size and
Shape
Water Management
ddd
World Class Township Water Treatment Plant (WTP), Waste Water
Design and Planning Treatment Plant (WWTP) and WTP Recycle
Integrated Management System Eco-friendly / Green
(ISO 9001, ISO 14001, ISO 45001), Environment
KLIK facility, Obvitnas
Premium Electricity Gas Supply from PGN Telco & Fiber Optic
Supply from PLN from Telkom, MyRep,
& Moratel
Integrated Business Model
Experienced Management Team
Nursery Center Firefighter Facilities Strong Security
System
STRICTLY CONFIDENTIAL PAGE 17
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COMPANY OVERVIEW
INDUSTRIAL ESTATE
Updates on Industrial Estate
Water Treatment
Plant
Fiber Optic Development of a new industrial zone inside GIIC
Network
Kota Deltamas, dedicated for data centers or other
12” Gas Pipe Route industries that require certain specifications
fiber optic
Premium / Priority
installation
Power Supply
Cibatu
road construction
Collaboration with PLN to develop a data
center hub in GIIC Kota Deltamas
Security and command center
High Voltage Switching
Waste Water
Transformer Station Eco-friendly electricity supply, such as
Treatment Plant (under construction)
renewable energy certificate, is also offered
to customers
Premium / Priority Security and
Power Supply Command Center
Deltamas (future development)
STRICTLY CONFIDENTIAL PAGE 18
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COMPANY OVERVIEW
COMMERCIAL ESTATE
Development of Commercial Area and Public Facilities
Education Center Health Facility
Commercial Products in Kota Deltamas:
- Commercial Lots *
(for hotel, restaurant, office, showroom,
retail, gas station, supermarket, bookstore,
Entertainment and F&B
etc)
- Commercial Buildings
Hotel & Serviced Apartment
(Shophouses / Business Galleries)
Le Premier Hotel / Serviced Apartment Sport Center
- Owned and Managed by the Company
- 76 spacious modern simple-designed rooms
* under construction
Shophouses Deltamas Sport Integrated with
in Kota Deltamas Centre Local Gov’t Center
STRICTLY CONFIDENTIAL PAGE 19
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COMPANY OVERVIEW
COMMERCIAL ESTATE
Updates on Commercial Area
Richeese Factory Mc Donald’s Ananda Mitra Eka Hospital* AEON Mall Cikarang Japanese
Vocational School School
12 11 10 8 5 1
Starbucks
Mitra Keluarga Institut Teknologi & Via Alma
Hospital Sains Bandung Apartment
4
2 3
13 1 2
9 6
Diamante Business Le Premier
K-Education
Gallery Complex Serviced Apartment
10 9 5
8
14 6
7 3
Isuzu Showroom & 7 J-Golf
Service
11
12
13 Karawang
HSR Station
14 / Kotawana 4
15 15
*under construction
STRICTLY CONFIDENTIAL PAGE 20
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COMPANY OVERVIEW
RESIDENTIAL ESTATE
Development of Residential Estate
• Main Products : Landed house in residential clusters
• Target Market : Middle income to high income segment
• Selling method : Built to sell - construction of each unit will commence upon down payment
• Total Units Sold : around 3,000 units
Housing in Clusters Club House Facility Swimming Pool Fitness Centre
Facility Facility
Residential Cluster Development Collaboration and Other Residential Development
STRICTLY CONFIDENTIAL PAGE 21
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COMPANY OVERVIEW
COMMERCIAL ESTATE
Updates on Residential Area
Currently on sale:
Woodchester, De Silva, Savasa
Housing in Zona Amerika
Zona Amerika
Zona Eropa
Langkawi
STRICTLY CONFIDENTIAL PAGE 22
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03
SUSTAINABLE
DEVELOPMENT
STRICTLY CONFIDENTIAL MACQUARIE CAPITAL// PAGE 23
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COMPANY OVERVIEW
SUSTAINABLE DEVELOPMENT
Best in Class Real Estate
A Home of World-class Integrated Township Concept, a Sustainable One-Stop-Living City
Industries supported Comprehensive Facilities and Utilities
Vibrant Commercial Area Green Residential Estate Factories and Offices
and more global data centers..
Schools and Hotels, Restaurants,
Universities Entertainments
STRICTLY CONFIDENTIAL PAGE 24
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COMPANY OVERVIEW
SUSTAINABLE DEVELOPMENT
Climate Change & the Environment
More High-tech Industries Selective Industrial Pedestrian & Green Area
Tenants Development, and Tree Planting
Electric Vehicle Data Centers
Manufacturing
Usage of Renewable Energy ISO 14001 Certification
(Environmental Management)
• Sourcing electricity from REC PLN for its operational activities
• Electric vehicle usage for the Company’s operational activities
• Solar panel usage for the streetlights and several office
operations
STRICTLY CONFIDENTIAL PAGE 25
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COMPANY OVERVIEW
SUSTAINABLE DEVELOPMENT
Climate Change & the Environment
Waste Management & Recycle Water Management
Waste management that produces:
• Water Treatment Plant (WTP)
• Compost, used as plant fertilizer
• Waste Water Treatment Plant (WWTP)
• RDF (Refuse-Derived Fuel), used as biomass fuel to be sent to
• Water Treatment Plant (WTP) Recycle
cement factories
• Valueable, involves shredding plastic waste into fuel through
pyrolysis, and converting diaper/nappy waste into sand
• Residue, which will be processed into concrete blocks
• HDPE Plastic Recycle for Asphalt Usage
STRICTLY CONFIDENTIAL PAGE 26
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COMPANY OVERVIEW
SUSTAINABLE DEVELOPMENT
Sustainable Community
Maintaining Health of its Residents, Supporting and Nurturing Our
Tenants, and Surrounding Communities Neighbours
Cultivating Land for Sacrificial Animal Tools and Materials
Residential Fogging Agriculture Donation for Surrounding Donation for Infrastructures
Blood Donor Program with PMI of Surrounding Villages
Villages
Reservoir for The Farmers Clean Water Supply Building Material
Additional Nutrition
Donation for the Mosques
for Stunting Program
construction
Tree Planting around
Cipamingkis River
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COMPANY OVERVIEW
SUSTAINABLE DEVELOPMENT
Educational Patronage
Education for Surrounding People Vocational School Facilities in Town
Construction of SDN Cicau 1 Renovation of PAUD Arumsari
Firefighting Training Economic Empowerment & Trainings
for Local Farmer Group
STRICTLY CONFIDENTIAL PAGE 28
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AWARDS & RECOGNITIONS
Recognitions from the Stakeholders
2022 2024
The Most Consistent The Winner of Property Real Estate Management The Best Net TOP GRC AWARDS
Dividend Sector in MidCap and Development Operating Margin The Most Committed GRC Leader
Yield in MidCap 2024 2024 2024 & Top Governance, Risk &
2024 Compliance #4
2024
2023
The 14th IICD TEMPO
Corporate TOP GRC AWARDS
Governance
IDNFinancials 52Top Governance Risk &
Most Improved 2023 Compliance
MidCap 2023
PropertyGuru IPA Excellent Industrial PropertyGuru Asia Tempo – BUPATI BEKASI CERTIFICATE
The Best Industrial Relation For Property Awards IDNFinancial Award Kawasan GIIC for category
Estate Investment Best Mega Scale High Dividend Best CSR Environment (Waste
TOP GRC AWARDS Contribution
Development Contribution Industrial 2024
The Most Committed and Support for Resilience and Management) and Best CSR
GRC Leader Government Sustainable 2024 CNN Indonesia Awards Development
2023 Programmes at Industry Sports & Arts
AEON Mall 2024 2024
Deltamas
STRICTLY CONFIDENTIAL PAGE 29
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04
KEY FINANCIAL
INFORMATION
STRICTLY CONFIDENTIAL MACQUARIE CAPITAL// PAGE 30
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OPERATIONAL UPDATES
MARKETING SALES
Marketing Sales Achievement
Achievement in June 2025 – Rp580 billion
32.15% of 2025 Sales Target
Marketing Sales Figures (in Rp Bn)
STRICTLY CONFIDENTIAL PAGE 31
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KEY FINANCIAL INFORMATION
Revenues (in Rp Bn) Revenues by Segment Revenues by Segment
30 June 2024 30 June 2025
1.8%
1,204 0.7%
2.2% 2.8% 1.4%
0.7% 4.3%
1.3%
613
94.6% 90.2%
30 June 2024 30 June 2025 Industrial Residential Commercial Rental Hotel
Gross Profit (in Rp Bn) Net Profit (in Rp Bn)
1,000 69.8% 70.0% 80.0% 1,000 66.7% 70.6% 80.0%
800 60.0% 800
841 60.0%
600 600 803
430 40.0% 433 40.0%
400 400
200 20.0% 200 20.0%
0 0.0% 0 0.0%
30 June 2024 30 June 2025 30 June 2024 30 June 2025
Gross Profit Margin Net Profit Margin
STRICTLY CONFIDENTIAL PAGE 32
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KEY FINANCIAL INFORMATION
Revenues by Segment
Industrial Residential Commercial
30 100%
1,500 100% 26 26 24 82.7% 100%
69.8% 25 80% 73.4%
70.4% 80% 63.0% 20 80%
1,000 20 52.0%
60% 60% 16
15 22 60%
1,140 553 12 17
40% 40% 40%
500 10
8
20% 20% 20%
5 4
- 0% - 0% - 0%
30 June 2024 30 June 2025 30 June 2024 30 June 2025 30 June 2024 30 June 2025
SALES in Rp Bn Gross Profit Margin SALES in Rp Bn Gross Profit Margin SALES in Rp Bn Gross Profit Margin
Hotel Rental
10 90.5% 92.8% 100.0% 10 100.0%
8.3 8.3
8 80.0% 8 80.0%
59.8%
52.4%
6 8.0 7.9 60.0% 6 60.0%
4 40.0% 4 40.0%
2 20.0% 2 20.0%
- 0.0%
- 0.0%
30 June 2024 30 June 2025
30 June 2024 30 June 2025
Rental in Rp Bn Gross Profit Margin
Hotel in Rp Bn Gross Profit Margin
STRICTLY CONFIDENTIAL PAGE 33
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KEY FINANCIAL INFORMATION
Optimum Return for Shareholders
Cash and Cash Equivalent Historical Dividend by Fiscal Year
(in Rp Bn)
2,000
1,759
1,800 3,000 150%
1,600
113% 105%
1,400 99%
98%
1,200 2,000 100%
1,027
1,000 1,518
763 1,398
800 1,205
599 594 48%
600 1,000 50%
400 699
578
200
- - 0%
2021 2022 2023 2024 June 2025 2020 2021 2022 2023 2024
Dividend Dividend Payout Ratio
The Company currently does not have any financial loan (in Rp Bn)
STRICTLY CONFIDENTIAL PAGE 34
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KEY FINANCIAL INFORMATION
Summary - Income Statement Summary - Balance Sheet
Income Statement in Rp Bn June 2024 June 2025 Balance Sheet in Rp Bn June 2024 June 2025
Revenues 1,204 613
ASSETS
Gross Profit 841 430
Current Assets 6,040 4,560
Selling Expenses 40 22
Non Current Assets 2,214 2,098
General and Administration Expenses 62 64
Total Assets 8,255 6,658
Final Tax 30 16
LIABILITIES
Operating Profit 709 328
Current Liabilities 953 363
Profit Before Tax 825 456
Non Current Liabilities 87 45
Total Profit for the Period 804 433
Profit for the Period Attributable to: Total Liabilities 1,040 409
Owners of the Company 803 433 EQUITY
Non-controlling Interests 0.64 0.40 Total Equity 7,215 6,249
STRICTLY CONFIDENTIAL PAGE 35
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THANK YOU
For Further Information:
PT Puradelta Lestari Tbk.
Marketing Office Kota Deltamas
Jl. Tol Jakarta-Cikampek KM 37
Cikarang Pusat – Bekasi 17531, Indonesia
Phone : +62 21 8997 1188
Email : investor.relations@deltamas.co.id
Website : www.deltamas.id
STRICTLY CONFIDENTIAL MACQUARIE CAPITAL// PAGE 36
Names mentioned 13 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Treatment Sojitz Corporation
p.6
unresolved
org
Recycle Iwai Corporation
p.6
unresolved
org
PT Sumber Public Corporation
p.7
unresolved
org
PT Panahome
p.7
unresolved
person
Vice
· President Director
p.8 ×2
unresolved
org
Bank Interchange KM
p.14
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