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BUSINESS UPDATE PT Multipolar Tbk September 2015

Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

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Page 1: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

BUSINESS UPDATEPT Multipolar Tbk

September 2015

Page 2: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Multipolar at-a-Glance

2

PT IMTV 65.0% indirect share Satellite TV

provider

PT Tecnoves Int’l 85.0% indirect share Satellite operator

• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.1tn (USD 210mm)1)

Matahari Putra Prima (MPPA)

50.2% share

Mkt Cap:IDR 10.3tn(USD 0.7bn)1)

Mkt share: 35.5%2)

109 Hypermarts71 Foodmarts105 Boston5)

Retail

Indonesia Food Retail

China Retail Operations

Robbinz Department Store & Hipermart

Wholly owned

4 RobbinzDepartment Stores5)

Telecommunication, Multimedia & Technology (TMT)

Multipolar Technology 80.0% share IT consulting, hardware, software

& application system provider to integration & maintenance services

Mkt Cap: IDR 2.9tn(USD 196mm)1)

VisioNet

80% indirect share

IT outsourcing; operational and support solutions

Data Center• 64.0% indirect share

IT Services Multimedia

First Media

33.7% indirect share

Mkt Cap:IDR 3.7tn(USD 248mm)1)

LinkNet

FM owns 41% share

Broadband internet, cable TV, data comm

Other Businesses & Investments

Department Store

Matahari Dept. Store(MDS)

20.5% share

Mkt Cap:IDR 47tn(USD 3.2bn)1)

Mkt share: 34.4%2)

140 stores5)

Timezone

• 50.01% indirect share

• 88 stores5)

Books & Beyond

Wholly owned

36 bookstores5)

Other TMT Others

Multifiling MitraIndonesia (MMI)

33% indirect share

Mkt Cap:IDR 199bn(USD 13.5mm)1)

Documentmanagement

Others

Nobu Bank• 20.95% indirect share• Mkt Cap:

IDR 3tn(USD 206.9mm)1)

Notes:

1) As of Sep 30, 2015; USD 1 = IDR 14,730

2) Source: Euromonitor

3) Includes contribution from consolidated entities only

4) Major contributors of other businesses are Multifiling &

properties business.

5) Updated per 30 September 2015

Consolidated Non-consolidated

RetailOthers

9M 2015 RevenueBreakdown3)

4)

Properties

MatahariPacific

Nadya PutraInvestama

Wholly owned

84.7%

12.4%

2.9%

Page 3: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Matahari Putra Prima (MPPA)

3

Multipolar owns 50.2% of MPPA, operator of the fastest growing hypermarket chain in Indonesiawith an extensive store portfolio of hypermarkets, supermarkets and health & beauty stores across Indonesia.

New formats: Foodmart Primo & SmartClub6

9M15 vs 9M14 net profit growth: -15.22% to 245.6 bn5

9M15 vs 9M14 same-store sales growth: -0.3% (weak market condition)4

9M15 vs 9M14 total sales growth: 3.8% to IDR 10.4 tn 3

Opened 25 new stores in 9M15 to total 285 multiformat stores 2

Largest hypermarket network in Indonesia: 109 stores in 67 cities1

Page 4: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Matahari Department Store (LPPF)

4

Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2) and brand awareness with a proven low risk, high-return business model

9M15 vs 9M14 net profit growth: 30.5% to IDR 1384 bn6

9M15 vs 9M14 same-store sales growth: 6.6% (3Q15: -0.1%)5

9M15 vs 9M14 ttl sales growth: 10.2% to IDR 12.1 tn (3Q15: 4.4%) 4

Opened 9 new stores in 9M153

Largest dept store network in Indonesia: 140 stores in 66 cities1

Largest market share in Indonesia: 34.4% vs. 23.1% nearest comp2

Page 5: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Robbinz Department Store (China)

5

Multipolar wholly owns Robinz Department Store in China

Hipermart (4 stores) closed down in June 20153

4 stores in 4 cities: Tianjin, Chengdu, Yangzhou, Shenyang 1

9M15 vs 9M14 sales growth: 21.3% to equiv IDR 1.9 tn2

Tianjin Chengdu Yangzhou Shenyang

Page 6: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Multipolar Technology (MLPT)

6

Multipolar owns 80% of Multipolar Technology, which provides end-to-end IT services to Indonesiancorporate clients with special focus on the financial, Telecom & natural resources industries

9M15 vs 9M14 net profit growth: 97.5% to IDR 78.8 bn3

9M15 vs 9M14 ttl sales growth: 21.2% to IDR 1.5 tn2

Over 150 service points in over 125 cities, 1,100 personnels 5

Largest system integrator in Indonesia since 19751

Trusted world-class brands – IBM, Cisco, Oracle, Microsoft 4

Partners with Mitsui to build tier-4 ready data center (July 2016) 6

Page 7: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

Indonesia Media Televisi (BigTV)

7

Indonesia Media Televisi (IMTV) is Multipolar’s direct-to-home (DTH) satellite pay TV subsidiary,Operating under the “Big TV” brand. Launched in late 2013, IMTV continues to grow its subscriber base

amidst an increasingly competitive landscape, with the help of its extensive nationwide sales distributionnetwork, dynamic sales and marketing campaigns, as well as a robust installation capacity.

Largest bandwidth: 12 transponders1

9M15 vs 9M14 revenue growth: 66% to IDR 199 bn3

Largest channels offering: 188 channels incl 24 HD channels2

Synergy with Lippo retail, malls, residentials, hotels, hospitals 4

Economy of scale with First Media’s cable pay TV 5

Page 8: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

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Sep 30, 2015 Dec 31, 2014(IDR million)

Total Assets

Total Liabilities

Total Equity

22,787,532

12,515,175

10,272,357

23,018,237

13,712,627

9,305,610

Balance Sheet per September 30, 2015

Page 9: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

9

Profit and Loss 9M15

Sep 30, 2015 Sep 30, 2014

13,337,973 12,430,257

(10,756,530) (10,123,555)

2,581,443 2,306,702

(839,739 ) 224,304

(849,908 ) 72,188

10,169 152,116

Net Sales

COGS

Gross Profit

Net Profit

Attributable to owners of the parents

Attributable to non-controlling interests

(IDR million)

Page 10: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

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2015 Dividend Income

Amount

175 bn

147.6 bn

19.9 bn

9.9 bn

MDS

MPPA

Nadya Putra

Matahari Pacific

8.6 bnMLPT

Source

6.9 bnLippo Karawaci

1.5 bnSharestar

Page 11: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

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Dividend Policy

Matahari Putra Prima

- Net profit up to IDR 100 bn: ≥ 15%

- Net profit over IDR 100 bn: ≥ 20%

Over the past 5 years,

payout ratios haveaveraged 30% of net profit

Matahari

Department Store

- 40-50% of net profit

Multipolar

- Net profit up to IDR 100 bn: 10-15%

- Net profit over IDR 100 billion: 15-25%

Page 12: Multipolar | - BUSINESS UPDATE...Matahari Department Store (LPPF) 4 Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share2)

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Source: Company materials, filings.

26.97% 5.05%

100%

67.98%

Cyport Limited

Grandhill Asia Limited

Public

PT Multipolar Tbk

(MLPL)

Shareholding Structure