PT United Tractors Tbk

Public Expose9 August 2017

Construction Machinery ◦ Mining Contracting ◦ Coal Concession ◦ Construction Industry ◦ Energy

United Tractors in Brief

Establish in:

13 October 1972

No. of employee

(as of June 2017)

27,953 people

Go Public:

19 September 1989

Market cap . (as of

June 2017)

Rp 102.4 trillion

Shareholder

Composition

40.5%

59.5%

Construction

Machinery

Mining

Mining

Contracting

Construction

Industry

Main Business:

Network:

20 branches, 22 site support,

10 rep. offices, and 14 mine offices

Public

3,730,135,136 share as

Of 30 June 2017

Energy

CONSTRUCTION MACHINERYKomatsu Sales (in unit)

54%

43% 35%

29% 30% 23%

51%

24%

26%

23%

14% 10%

10%

14%

16%

23%

28%

36% 46%

52%

22%

6%

8%

14%

21% 14%

15%

13%

2012 2013 2014 2015 2016 6M 2016 6M 2017

Mining Plantation Construction Forestry

2,124

6,202

4,203

3,513

2,181

1,751

1,036

%69+

Parts & Service Revenue (after elimination in billion Rupiah)

2012 2013 2014 2015 2016 6M2016 6M2017

5,8895,518

5,980 6,093 5,818

2,7983,232

+16%

855.5 844.9 806.4766.6

701.5

341.1 360.4

2012 2013 2014 2015 2016 6M2016 6M2017

MINING CONTRACTING

Coal Production(in million ton)

94.4105.1 113.5 109.0 109.2

50.2 52.0

2012 2013 2014 2015 2016 6M2016 6M2017

Overburden Removal (in million bcm (bank cubic metre))

+4%

+6%

MINING

Coal Sales Volume

(in thousand tons)

5,627

4,176

5,672

4,604

6,808

4,457

3,635

2012 2013 2014 2015 2016 6M2016 6M2017

-18%

CONSTRUCTION INDUSTRY

Until June 2017, PT Acset Indonusa Tbk (ACSET) booked net revenue of Rp1.0 trillion and

net pofit of Rp64 billion, and obtained new contracts worth of Rp7.1 trillion compared

Rp2.4 trillion in the same period 2016.

ACSET holds new contracts in 2017 for:

• Jakarta-Cikampek II elevated toll road• Bakauheni-Sidomulyo toll road• JORR II Kunciran-Serpong toll road

2014 2015 2016 6M2016 6M2017

606

3,0883,773

2,404

7,141

New Contracts(in billion Rupiah)

+197%

ENERGY

LOCATION

CAPACITY

PLTU PAMA-1BARUNANG, KALIMANTAN TENGAH

2 x 15 MW

START

PROGRESS

100% / PT ENERGIA PRIMA NUSANTARA

Civil : 90% ;

Electrical, Mechanical & IC: 79%

INVESTMENT US$ 60 million

OWNERSHIP

January 2015

LOCATION

CAPACITY

PLTU Jawa-4 (Tanjung Jati 5 & 6)JEPARA, JAWA TENGAH

2 x 1,000 MW

START

PROGRESS

25% / PT UNITRA PERSADA ENERGIA

Construction work, operational target in

2021

INVESTMENT US$ 4.2 billion

OWNERSHIP

April 2017

Photo: PLTU Jawa-4 (Tanjung Jati 5&6), August 2017

Photo: PLTU PAMA-1, July 2017

Consolidated Revenue(in billion Rupiah)

22,15815,644 14,983 13,629 14,618

6,86411,194

27,994

31,554 33,49330,545

24,003

11,563

13,251

5,8023,814

4,666

3,817

5,124

3,193

3,960

1,3571,794

944

1,026

2012 2013 2014 2015 2016 6M2016 6M2017

Construction Machinery Mining Contracting Mining Construction Industry

55,95451,012

53,14249,347

45,539

22,564

29,431

Financial Hightlights(in billion Rupiah)

(*): Profit after tax attributable to owners of the parent. Excluding the impairment test’s results, the Company recorded net income ofRp 6,9 trillion in 2014 and Rp 6,4 trillion in 2015 .

Expressed in billion Rupiah

Year 2012 2013 2014 2015 2016 6M2016 6M2017

Exchange rate (Rp/US$) 9,670 12,189 12,440 13,795 13,436 13,180 13,319

Net Revenue 55,954 51,012 53,142 49,347 45,539 22,564 29,431

Gross Profit 10,521 9,517 12,070 11,702 9,661 4,151 6,249

Gross Profit Margin 18.8% 18.7% 22.7% 23.7% 21.2% 18.4% 21.2%

Net Income* 5,780 4,834 5,370 3,853 5,002 1,854 3,423

Earning per Share (in full Rp) 1,549 1,296 1,437 1,033 1,341 497 918

Cash 3,995 7,936 10,060 15,413 19,461 14,609 22,112

Total Assets 50,301 57,362 60,307 61,715 63,991 58,990 78,259

Total Liabilities 18,000 21,713 21,777 22,465 21,369 19,378 33,494

Debt/Equity (gearing) ratio 6.00% net surplus net surplus net surplus net surplus net surplus net surplus

Events Highlight in 2017

� 23 March 2017, the Company through its subsidiary Tuah Turangga Agunghas completed the acquisition of 80.1% ownership in PT Suprabari

Mapanindo Mineral, a coking coal concession in Central Kalimantan.

� 31 March 2017, 25%-owned PT Bhumi Jati Power (BJP) has completed itsproject financing agreement with lenders (financial close). BJP will develop

and operate 2x1,000 MW thermal power plant in Jepara, Central Java.

� 11 April 2017, launch of KomatsuExcavator PC195LC-8 (19.5 ton class for

construction sector).

Thank You