KIJA ANNOUNCES FY 2020

PT Jababeka Tbk (“KIJA”) recorded a total revenue of Rp2,396.1bn (billion) for the full year 2020, an
increase of 6% compared to 2019.

The Company’s Land Development & Property pillar saw revenue increase 42% from Rp873.9bn in 2019
to Rp1,237.1bn in 2020, which was mainly due to the increase in revenue of developed land from
Rp422.6bn in 2019 to Rp782.9bn in 2020. Especially the performance from Kendal was strong, where land
sales jumped from Rp160.4bn in 2019 to Rp628.5bn in 2020. On the contrary, there was a reduction in
revenue from the apartment segment, which saw a decrease from Rp157.9bn in 2019 to Rp88.1bn in
2020, however this decline was largely offset by an increase in sales of houses (increase from Rp75.7bn in
2019 to Rp121.5bn in 2020) and office space and shop houses (from Rp113.2bn in 2019 Rp122.1bn in
2020).

The Infrastructure Pillar revenue decreased 18% from Rp1,291.3bn in 2019 to Rp1,060.5bn in 2020, which
was mostly the result of a 23% decrease in Bekasi Power’s revenue due to more days in reserve shutdown
in 2020 compared to 2019. Revenue from the Cikarang Dry Port saw revenue decrease 28% to become
Rp145.5bn in 2020. On a positive note, the Service and Maintenance segment from the Company’s
Infrastructure pillar booked an 8% increase in revenue to become Rp277.2bn in the year 2020 despite the
Covid-19 pandemic.

KIJA’s Leisure & Hospitality pillar posted an 11% increase in revenue to become Rp98.5bn in 2020. This
was caused by a strong improvement of villa and tourism with revenue growth of 88% compared to 2019,
which was mainly due to an increase in number of visitors to Tanjung Lesung. The main contributor in this
pillar is the golf segment, which contributed 59% to the total revenue of the Leisure & Hospitality pillar in
2020, compared to 73% in 2019.

Recurring revenue from the Infrastructure pillar contributed 44% to total revenue in 2020, compared to
57% in 2019. This lower contribution is mainly the result of significantly more contribution from revenue
of the Land Development & Property segment.

The Company’s gross profit increased 21% to become Rp1,018bn in 2020. At the same time, The
Company’s consolidated gross profit margin in 2020 increased to 42.5%, compared to 37.4% in 2019. The
reason for this increase in gross profit margin is mainly the result of the power plant spending more days
in reserve shutdown, which has a positive effect on the gross profit margin of the Infrastructure pillar
(25% in 2019 compared to 33% in 2020), and the gross profit margin improvement of the Leisure &
Hospitality pillar from 21% in 2019 to 25% in 2020. In addition, the gross profit margin of the Land
Development & Property pillar decreased from 58% in 2019 to 52% in 2020, mainly as a result of change
in product mix within the Land Development & Property pillar.

KIJA’s net income decreased to Rp45.3bn in 2020, compared to Rp141.1bn in 2019. The main reason for
this decrease is due a foreign exchange (forex) loss in 2020 amounting to Rp60.7bn, compared to a forex
gain in 2019 amounting to Rp168.3bn. These amounts are the sum of gains and/or losses on forex and
our hedging contracts, which can be found in the financial income, financial expense, and other
income/expense section of our FY20 audited report.

The Company’s EBITDA for 2020 was recorded at Rp802.3bn, up 19% from 2019 when the Company
recorded Rp 671.6 billion in EBITDA.

The Company achieved Rp898.7bn in real estate Marketing Sales in 2020, about 46% less compared to
2019, mainly due to the Covid-19 pandemic. On a positive note, the performance in the second half of
2020 was more than 2.5x better than the first half of 2020 on the back of an industrial sales pick-up in
Kendal and Cikarang, and a successful launch of a landed residential project in Cikarang. Marketing sales
from Cikarang contributed 70%, Kendal and others 30%. The Company’s full year 2021 marketing sales
target is set at Rp 1.4 trillion, which consists of Rp1.0trillion from Cikarang and others, and Rp400bn from
Kendal.

For more information, please contact:

Corporate Secretary
Muljadi Suganda
E: muljadi@jababeka.com
P: 572 7337 ext 678

Investor Relations
Tim Beekelaar
E: tim_beekelaar@jababeka.com
P: 572 7337 ext 565