Performance Leader in Construction and Investment Infrastructure Through Innovation

PT PP (Persero) Tbk

Jakarta, 5 August 2010

PUBLIC EXPOSE

TABLE OF CONTENTS

Company Overview

Financial Highlights & Target 2010

Section 1Section 1

Stock Performance

Section 2Section 2

Section 3Section 3

Section 4Section 4 Long Term Strategic Plan

2

Section 1 Company Overview

3

1953 1971

2010200419911962

Construction of Hotel

Indonesia

Changed from NV to PT Persero

Diversification to Property and Realty

EMBO (Controlling remains with

GOI )

Public Company

Establishment of

NV PP

Established in 1953 as a house-builder, PP is now one of the largest construction companies in Indonesia

4

COMPANY’S MILESTONES

MISSION

Providing construction services and doing investments to give added value to Stakeholders, supported by healthy financial structure, efficient, innovative, global vision and also having prosperous employees

VISION

To be a leader in construction and investment business by providing

excellence added value to Stakeholders

Construction

Investments

Vision and Mission

5

Nationwide Operation Network and Overseas

We cover Indonesian archipelago with our 3 (three) divisions and 8 (eight) branches

Sumatra

Kalimantan

Papua

Maluku

Jawa

Bali and Nusa Tenggara

Operating Division IIIBranch V : Jawa Tengah, Jawa Timur, DIY Branch VI : KalimantanBranch VII : Bali, NT, Maluku, Papua

Sub Cabang VII : Sulawesi

Sulawesi

Operating Division IBranch I : Aceh, Sumatra UtaraBranch II : Lampung, Bengkulu, Sumsel,

Bangka-Belitung & BantenBranch IX : Sumatra Barat, Jambi, Riau, Batam

Operating Division IIBranch III : JakartaBranch IV : Jawa Barat

6

• Overseas : Saudi Arabia

APARTMENT

BUILDINGS

PORT

CONSTRUCTION

INFRASTRUCTUREHIGH RISE BUILDING

TOLL ROAD

BRIDGES

POWER PLANT

COMMERCIAL CENTRE

OFFICES LANDED HOUSE

PROPERTY

DAM

INFRASTRUCTURE

TOLL ROAD

HOTEL

INVESTMENT

POWER PLANT

Our focus is in construction, while our strategic investments are designed to create constructions opportunities and to maintain a steady revenue stream

7

BUSINESS LINES

PORT

HIGH RISE BUILDINGS

PORT TOLL ROAD

POWER PLANTBRIDGE

Sudirman Palace JACC

Construction of 100,000 m2/month

KOJA

Barelang Cable Stayed Bridge Batam Tonton

The Longest Cable Stay In Indonesia

Muara Karang Combined Cycle Power Plant 1

Interchange Padalarang Toll RoadMKRI

Kuningan Tower

Over the years, PP has completed landmark projects in high rise buildings and various infrastructure projects

8

EXTENSIVE EXPERIENCE

POWER PLANT INFRASTRUCTURE

Power Plant Coal Fired SURALAYA - West Java

Power Plant Coal Fired MUARA KARANG - Jakarta

Combined Cycle Power PlantBELAWAN – North Sumatra

Combined Cycle Power PlantTAMBAK LOROK – Central Java

Hydro Electric Power PlantASAHAN– North Sumatra

Hydro Electric Power PlantSAGULING – West Java

Cimeta Bridge TollwayPADALARANG – West Java

TollwayJORR - Jakarta

TollRoad KARAWANG – West Java

Kapuas River BridgeKAPUAS - Kalimantan

BridgeLubuk Jambi - Riau

9

No. Project Contract

(IDR Million)

1. Power Plant Coal Fired Suralaya 35,838

2. Power Plant Coal Fired Muara Karang 45,839

3. Combined Cycle Power Plant Tambak Lorok 146,852

4. Combined Cycle Power Plant Belawan 29,884

5. Hydro Electric Power Plant Asahan 2,806

6. Hydro Electric Power Saguling 121,522

7. Cimeta Bridge Tollway Padalarang 148,040

8. Tolway JORR Jakarta 105,496

9. Toll Road Karawang 138,649

10. Kapuas River Bridge 4,295

11. Siak Bridge 277,647

EXTENSIVE EXPERIENCE

SOME COMPLETED PROJECTS 2009

10

NO. NAME OF PROJECT TYPE OF PROJECT

PROJECT Value

PROGRESS

VALUE START FINISH

1. ZA GENERAL HOSPITAL NORTH SUMATERA PHASE III BUILDING 136,300,738 03-Jan-08 31-Jul-09 100.00%

2. STRUCTURE OF THE SOUTH APARTMENT JAKARTA BUILDING 101,112,727 16-Jul-07 30-Sep-09 100.00%

3. CYBER DATA JAKARTA BUILDING 80,844,351 15-Jul-08 11-May-09 100.00%

4. GARUDA INDONESIA HEAD OFFICE JAKARTA BUILDING 94,596,020 16-Apr-08 27-Mar-09 100.00%

5. RELIGION DEPARTMENT PHASE III JAKARTA BUILDING 77,272,765 03-Apr-09 19-Oct-09 100.00%

6. SULTAN HOTEL , MANADO BUILDING 126,090,000 16-Apr-08 18-Apr-09 100.00%

7. JL SIAK RAYA MEREMPAN HULU PEKANBARU ROAD 95,686,224 26-Feb-07 31-Dec-09 100.00%

8. JAKARTA – CIKAMPEK TOLL ROAD ROAD 68,300,565 19-Nov-08 17-Jun-09 100.00%

9. JL. SEMBABAM SOUTH KALIMANTAN ROAD 112,573,658 16-Jul-07 26-Sep-09 100.00%

10. 114 DOCK HEAVY IMPROVEMENT JAKARTA OTHERS 51,124,739 06-Dec-07 28-Jan-09 100.00%

11. GELAGAH WAVE BREAKING DEVELOPMENT PHASE IV CENTRAL JAVA PORT 63,291,533 14-Aug-08 16-Dec-09 100.00%

12. PENAJAM WHARF DEVELOPMENT PORT 72,727,273 01-Oct-08 20-Jul-09 100.00%

(IDR MILLION)

11

Section 2 Financial Highlight & Target 2010

203 239 280 333 425

548

1,416

-200 400 600 800

1,000 1,200 1,400 1,600

2004 2005 2006 2007 2008 2009 2010 F

1,313 1,826 1,972 2,100

2,784

4,126

6,091

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2004 2005 2006 2007 2008 2009 2010 F

REVENUE

IDR Billion

IDR Billion

EARNING AFTER TAX

ASSET EQUITYIDR Billion

Leveraging on our strengths, we have delivered robust growth….

IDR Billion

29.1 % (CAGR)

38.2 % (CAGR)

12

FINANCIAL HIGHLIGHT

1,681 2,254 2,438

3,218 3,934 4,203

6,715

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2004 2005 2006 2007 2008 2009 2010 F

26.0% (CAGR)

54.566.9 76.8 93.0

121.6

163.2

335.2

0.0

100.0

200.0

300.0

400.0

2004 2005 2006 2007 2008 2009 2010 F

35.4 % (CAGR)

F : Forecast

We are delivering higher than industry operating margin supported by our cost competitiveness, particularly by process innovation

OPERATING PROFIT MARGIN NET PROFIT MARGIN

13

*

2006 2007 2008 2009 20100.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

6.30%6.10% 6.80%

8.80% 8.98%

5.40%5.80% 5.50%

7.70%8.21%

Operating Profit Margin Industry Average

2006 2007 2008 2009 20100.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

3.2% 2.9% 3.1%3.9%

5.0%

2.7% 2.6%1.8%

3.0%

3.3%

Net Profit Margin Industry Average

COMPETITIVE COST STRUCTURE

F F

F : Forecast

14

  2004 2005 2006 2007 2008 2009 2010F

Sales (IDR Million) 1,680,813 2,254,209 2,438,109 3,218,121 3,933,669 4,203,313 6,715,159

Net Income (IDR Million) 54,515 66,908 76,738 92,987 121,609 163,260 335,209

Amount of Employee 1,173 1,171 1,143 1,142 1,213 1,213 1,397

               

Productivity Based on Sales 1,433 1,925 2,133 2,818 3,243 3,465 4,807

Productivity Based on Profit 46.47 57.14 67.14 81.42 100.25 134.59 240

EMPLOYEE PRODUCTIVITY 2004 - 2010

2004 2005 2006 2007 2008 2009 2010F -

1,000

2,000

3,000

4,000

5,000

6,000

1,433

1,925 2,133

2,818 3,243

3,465

4,807

Productivity Based on Sales

Productivity Based on Sales

RA

TIO

2004 2005 2006 2007 2008 2009 2010F -

50.00

100.00

150.00

200.00

250.00

300.00

46.47 57.14

67.14 81.42

100.25

134.59

240 Productivity Based on Profit

Productivity Based on Profit

RA

TIO

Q2 – 2010 Q2 – 2009

REVENUE 1.353.145 1.512.787

COST OF CONTRACT (1.246.674) (1.401.874)

GROSS PROFIT AFTER J.O 142.136 137.265

NET INCOME 25.218 11.377

(IDR Million)

INCOME STATEMENT

15

Q2 – 2010 Q2 – 2009

CURRENT ASSETS 4.455.894 3.331.837

NON CURRENT ASSETS 202.301 159.517

TOTAL ASSETS 4.658.195 3.491.354

CURRENT LIABILITIES 2.914.720 2.850.932

NON CURRENT LIABILITIES 658.062 204.166

EQUITY 1.085.413 436.255

TOTAL LIABILITIES + EQUITY 4.658.195 3.491.353

BALANCE SHEET

(IDR Million)

16

Q2 – 2010 Q2 – 2009

CARRY OVER 2.597 2.504

NEW CONTRACT 2.114 2.065

ORDER BOOK 4.711 4.569

ORDER BOOK

(IDR Billion)

17

New Contract 2010

Breakdown by Type of ProjectBreakdown by Project Owner

Building; 47%

EPC; 22%

Infrastructure31%

Government; 53%

SOE; 13%

Private; 8%

Overseas; 4%

Investment; 22%

JO;21%

Non JO;

79%

Chart Title

Breakdown by JO and Non JO

JO, or Joint Operation, are projects where PT PP is having a Joint Operation with other company(ies) to work on huge scale project and/or project that needs sophisticated competencies.

18

Building 66%

Infrastructure 29%

EPC 5%

Breakdown by Type of Project

Government

57%

SOE 21%

Private 18%

Investment4%

Breakdown by Project Owner Revenue 2010

New Contract

JO1,758

New Contract Non JO4,296

Carry Over2,504

Revenue4,203 2,6 T

2009

Ord

erbo

ok

New Contract

JO2,800

New ContractNon JO10,800 2,597

2010

Ord

erbo

okCarry Over

2,597

6.682

Revenue6,715

ORDER BOOK

19

(IDR Billion)

8,558

16,277

Carry Over 2010

Carry Over 2011

N0 NAME OF PROJECTTYPE OF PROJECT

PROJECT VALUE

PROGRESS VALUE START FINISH

1. SPR PADANG PLAZA PHASE I BUILDING 75,620 28-Jun-10 27-Dec-10 0 %

2. TIFFANI APARTMENT, KEMANG BUILDING 63,664 14-Apr-10 13-Apr-11 11,03 %

3. EMERALD BUILDING 98,070 01-May-10 30-Sep-11 0,68 %

4. TOWER 165 BUILDING 55,030 02-Jun-10 12-May-11 0,98 %

5. CITY CENTRE BUILDING 94,696 15-Jun-10 12-Apr-12 0,53 %

6. MARKET OF PONDOK GEDE PHASE 2 BUILDING 61,113 22-Feb-10 10-Aug-10 48,98 %

7. TANGERANG CITY, ARCHITECTS BUILDING 134,775 24-Apr-10 15-Dec-10 1.51 %

8. PASAR BARU MALL AND CONDOTEL BUILDING 64,762 14-Apr-10 31-Dec-10 66,58 %

9. KARUWISI MALL BUILDING 45,900 08-Mar-10 01-Jan-11 41,74 %

10. IRRIGATION AFP IRRIGATION 83,075 05-Jul-10 05-Sep-11 0 %

11. WEIR LEUWI GOONG 1 IRRIGATION 51,514 01-Jun-10 30-Jun-11 0 %

12. BATURUSA BRIDGE II, BANGKA BELITUNG ROADS / BRIDGES 134,051 03-Mar-10 12-Feb-12 0 %

13. TOLL WIDENING CIBITUNG ROADS / BRIDGES 37,301 14-Apr-10 20-Jul-10 78,45 %

14. JAMBI PORT PORT 54,820 18-Mar-10 31-Dec-10 33,89 %

15. PANJANG PORT (PELINDO II) PORT 53,121 23-Mar-10 31-Dec-10 25,32 %

16. PALEMBANG PORT (PELINDO II) PORT 43,935 18-Mar-10 31-Dec-10 30,84 %

17. SEBUKU PHASE II OTHERS 127,421 07-May-10 14-Nov-10 41,55 %

18. PRINCE NAIF APARTMENT, JEDDAH OVERSEAS 16,366 16-Jun-10 16-Oct-10 14 %

SOME NEW CONTRACTS AS OF Q2 - 2010

20

(IDR MILLION)

21

Section 3 Stock Performance

22

100%566,064

41%Working Capital

232,087

5%Commercial Center

28,303

7%Hotels39,624

47%Power plant 2 x 150 MW

266,050

59%Investment

333,977

Use of Proceed ( IDR Million)

Listing Date February 9, 2010

IDX Code PTPP

Listing Price IDR 560

Issued Share 1,038,976,500 (21.46 % of total shares)

Number of Share 4,842,436,500

NO DESCRIPTIONPLAN

AS PROSPECTUS

REALas of Q2

2010

1 Investment through shares participation in Power Plant Construction 2 x 150 MW in Cilegon

266.050 5.174

2 Investment in Hotel development in Bali and Bandung

39.624 0

3 Investment in Commercial Center development in Surabaya

28.303 0

4 Working Capital 232.086 195.000

TOTAL 566.064 200.174

(Dalam Jutaan Rupiah)

Saldo dana ditempatkan dalam Deposito23

USE OF PROCEED REPORT AS OF Q2 - 2010

IDR 770

(Volu

me M

illion

)

82

0

Pri

ce

(ID

R)

550

665

780

SHARE MOVEMENT 9 FEBRUARY – 26 JULY 2010

July 26, 2010Volume = 56,03 Million

Value = 42.7 BillionMarket Cap = 3.7 Trillion

24

25

AVERAGE VALUE DAILY TRADING AMOUNT TO Rp13.18 BILLION /DAY

THE BIGGEST MARKET CAPITALIZATION IN CONSTRUCTION INDUSTRY A TOTAL OF Rp3.2 TRILLION

RECOGNITION OF COMPANY STRONG FUNDAMENTAL

EXPAND INVESTOR BASE

TIGHT CRITERIA INTO THE PRESTIGIOUS MSCI INDEX

THE BEST POSITION TO BE ON LQ45

PTPP’s SHARE GROUPED IN MSCI INDEX

26

Section 4 Long Term Strategic Plan

SBU

ORGANIC

CO

NS

TR

UC

TIO

NIN

VE

ST

ME

NT

DO

ME

ST

IC

EPC

OVERSEAS

UN-ORGANIC

STRATEGIC

INF

RA

ST

RU

CT

UR

E

DE

VE

LO

PE

R

HO

TE

L

MA

RG

INM

AR

GIN

SS IPO IPO/SSP

OW

ER

PL

AN

TSS

PT PP ROAD MAP

27

Plaza PP – Subiyanto Building Jl. Letjend. TB. Simatupang No 57

Pasar Rebo, Jakarta 13760 – IndonesiaTelp. (021) 840 3883 ; Fax. (021) 840 3890

website : www.pt-pp.com