Slide 1: Results Presentation 6M26
Results Presentation 6M26 1
Slide 2: Contents
Contents • Key Highlights • Company Overview • Growth Strategy and Project Highlights • Financial Results • Country Overview 2
Slide 3: Key Highlights
Key Highlights
Slide 4: Key Highlights – Navigating Through a Softer Year
Key Highlights – Navigating Through a Softer Year Achieves Rp4.7 trillion marketing sales New launches in 6M26 with a total contribution of (50% of FY26 target) Rp2.0 trillion marketing sales from 881 units sold Marketing Sales (Rp bn) New Launches Marketing Sales Units Sold +8% 11,017 CitraGarden C
Slide 5: Key Highlights – Stable Performance of Investment Properties
Key Highlights – Stable Performance of Investment Properties Stable operations in all shopping malls Moderating RevPAR in several hotel assets Mall Revenue (Rpbn) ARR (Rp’000) Revenue Rp370bn ARR Rp719,000 -0.5% (-0.1% YoY) 722 719 (-0.5% YoY) -0.1% 370 370 6M25 6M26 6M25 6M26 Occupancy • 92% Occupa
Slide 6: Key Highlights - Organic Expansion of Investment Properties
Key Highlights - Organic Expansion of Investment Properties Hospital Operational Beds Malls Net Leasable Area (‘000 sqm) Beds CAGR NLA CAGR +10% +11% 666 365 616 50 546 70 100 476 70 265 446 446 30 367 70 2023 2024 2025 2026F 2027F 2028F 2029F 2026 2029F • Stable pipeline of healthcare assets by inc
Slide 7: Key Highlights - Asset Valuation Highlights Growth Potential
Key Highlights - Asset Valuation Highlights Growth Potential Fair Value Direct Ownership Rp53.2tn Property Development Joint-Operation Rp68.3tn Adjusted Fair Value Rp80.7tn Rp15.1tn = Number of Shares 18,535,695,255 Investment = Rp4,355 / share Property Rp17.7tn • Fair Value Basis: CTRA’s fair value
Slide 8: Key Highlights - Affordable Mortgage Environment
Key Highlights - Affordable Mortgage Environment BI Rate vs. Mortgage Rate¹ Indonesian House Financing (3M26) 12.0% 11.4% 11.0% 10.3% 10.0% 9.0% 8.0% 7.50% 6.77%2 Instalment 7.0% 5.75% 6.00% 5.75%³ 20% 6.0% Mortgage 5.0% 4.25% 70% 4.0% 3.50% Cash 3.0% 10% 2.0% 1.0% 0.0% Mortgage Rate¹ Benchmark Rate
Slide 9: Key Highlights - Rising Mortgage NPL
Key Highlights - Rising Mortgage NPL Mortgage NPL for Houses and Apartments 4.26 3.20 3.27 2.86 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 NPL of Mortgage Loans for Landed House NPL of Mortgage Loans for Apartment • Mortgage NPLs at similar level to pandemic for landed house and above pandemic
Slide 10: Key Highlights - Supportive Government Regulation (VAT Exemption)
Key Highlights - Supportive Government Regulation (VAT Exemption) The government provides VAT exemption for houses, shophouses, and apartments up to a maximum price of Rp5.0bn per unit, exempting the VAT on the first Rp2.0bn of the unit’s value. VAT Exemption Period 100% Jan – Dec 2026 Historical Ma
Slide 11: Company Overview
Company Overview 11
Slide 12: Ciputra at a Glance
Ciputra at a Glance Footprints Financial Highlights Number of Green Building Directly Owned Total Assets (6M26) EBITDA (6M26) Projects Certifications Land Bank Rp46.6tn Rp1.6tn >89 9 2,062 Ha Revenue (6M26) ROAE (6M26) Employees 56% JO Development Rp5.2tn 9.3% 5,076 Plan Net Profit (6M26) Net Profit
Slide 13: One of Indonesia’s Leading Property Developers
One of Indonesia’s Leading Property Developers Property Development Commercial Property Development & Management Malls - 5 projects Townships & Residential - 70 projects Hotels - 9 projects Condominiums - 11 projects Healthcare - 4 projects Offices for Sale - 8 projects Offices for Lease - 4 project
Slide 14: Geographically Diversified Project Portfolio
Geographically Diversified Project Portfolio Kalimantan Over 90 projects CitraGrand Senyiur City Samarinda CitraLand Banjarmasin CitraGarden City Samarinda CitraGarden Banjarmasin in 34 cities across Medan CitraLand City Samarinda CitraGarden Aneka Pontianak Sumatra CitraMitra City Banjarbaru CitraC
Slide 15: Greater Jakarta Project Portfolio
Greater Jakarta Project Portfolio 15
Slide 16: Marketing Sales Performance Across Regions and Segments
Marketing Sales Performance Across Regions and Segments Historical Presales Presales per Location (Rp bn) 2025 6M26 11,017 10,241 Greater Greater 9,461 9,487 Surabaya Surabaya 22% 14% Greater Greater Other Java 7% Other Java 6,675 Jakarta Jakarta 9% Sumatra 6% 48% Sumatra 62% 6,954 5,750 10% Sulawes
Slide 17: Expanding Middle-Upper Segment Financing with Mortgage
Expanding Middle-Upper Segment Financing with Mortgage Presales per Payment Method Presales per Unit Price 13% 11% 10% 15% 18% 20% 22% 19% 20% 18% 11% 10% 12% 18% 15% 40% 43% 41% 57% 44% 70% 70% 70% 62% 63% 25% 32% 31% 27% 25% 19% 15% 15% 11% 9% 2022 2023 2024 2025 6M26 2022 2023 2024 2025 6M26 Mort
Slide 18: Sufficient Land Bank to Sustain >15 Years of Development
Sufficient Land Bank to Sustain >15 Years of Development Ownership Gross Land Bank 6M2026 Average Project Name Scheme 2025 (Ha) Unit Price (Rpbn) CitraRaya Tangerang 100% 775 0.8 CitraIndah City Jonggol 100% 136 0.7 CitraGarden City Jakarta 100% 22 2.9 CitraLand Cibubur JV - 60% 77 2.6 Total Greater
Slide 19: Rights to Additional Land Bank Through Joint-Operation Schemes
Rights to Additional Land Bank Through Joint-Operation Schemes Gross Landbank 6M2026 Average Gross Landbank 6M2026 Average Joint Operation Project Joint Operation Project 2025 (Ha) Unit Price (Rpbn) 2025 (Ha) Unit Price (Rpbn) Citra Sentul Raya 4 1.7 CitraGrand Senyiur City Samarinda 115 0.9 CitraLa
Slide 20: Apartment Assets – Strata Title
Apartment Assets – Strata Title Est. Unsold Ownership Saleable SGA Sold Construction Project Name Tower Stock Value Scheme (sqm) % Progress (Rp bn) Ciputra World Jakarta 1 Raffles Residence 100% 41,500 86% 311 100% The Orchard 31,000 94% 70 100% Ciputra World Jakarta 2 100% The Residence 14,000 96%
Slide 21: Office Assets – Strata Title and Leased
Office Assets – Strata Title and Leased Strata-Title Office Est. Unsold Ownership Saleable SGA Construction Project Name Tower Sold Stock Value Scheme (sqm) Progress (Rp bn) Ciputra World Jakarta 1 DBS Bank Tower 100% 22,500 94% 63 100% Ciputra World Jakarta 2 Office Tower 100% 54,200 43% 1,386 100%
Slide 22: Future Mixed-Use Developments
Future Mixed-Use Developments Est. Saleable Ownership Project Name SGA Scheme (sqm) Ciputra World Jakarta 1 100% 110,000 Ciputra World Jakarta 2 100% 42,000 Ciputra World Jakarta 3 100% 64,200 Citra Landmark* JV - 60% 61,000 Ciputra International** JV - 55% 12,000 Citra Towers Kemayoran JO Profit -
Slide 23: Healthy Occupancy and Lease Expiry Profile for Malls
Healthy Occupancy and Lease Expiry Profile for Malls Net Leasable Occupancy Rate Mall Area (sqm) 2022 2023 2024 2025 6M26 Ciputra World Jakarta 1 79,500 100% 100% 100% 100% 100% Ciputra World Surabaya 93,400 74% 1 77% 1 75% 2 83% 2 87% 2 Total mall NLA of 265k sqm Ciputra Mall Jakarta 42,600 89% 93%
Slide 24: Well-Diversified Mall Tenants with Reputable Brands
Well-Diversified Mall Tenants with Reputable Brands Mall Tenants Breakdown (% Leased Area) Main Tenants Supermarket 7% Services Department Store 4% 15% Healthy & Beauty 9% Entertainment & Leisure 17% General 17% Fashion and F&B Accessories 14% 17% 26
Slide 25: Consistent Hotel Growth Amidst Normalization Post-COVID Period
Consistent Hotel Growth Amidst Normalization Post-COVID Period Revenue per Available Room (RevPAR) (in Rp’000 /room/day) +4% 1,813 1,847 1,748 1,818 1,569 1,425 Star Hotels -4% -8% -13% 523 601 561 575 592 585 559 536 455 480 440 407 490 505 487 451 400 392 2022 2023 2024 2025 6M25 6M26 2022 2023 20
Slide 26: Integrated Healthcare Facilities within Township Projects
Integrated Healthcare Facilities within Township Projects (Rp bn) (Rp bn) Ciputra Hospital Ciputra Hospital Ciputra Mitra Tangerang Jakarta Hospital Revenue - Inpatient Revenue - Outpatient 600 23% 600 500 14% 460 1% 500 373 12% 400 323 327 35% 400 -1% 14% 277 316 300 281 300 249 247 16% 206 200 200
Slide 27: Ciputra Hospital Surabaya Expansion Overview
Ciputra Hospital Surabaya Expansion Overview Ciputra Hospital Surabaya Township & location CitraLand Surabaya at West Surabaya Start operation August 2024 Maximum capacity 200 beds Operational capacity 70 beds Capital expenditure Rp520billion Center of Excellence Cardiology, Oncology, Neurosurgery A
Slide 28: Growth Strategy and Project Highlights
Growth Strategy and Project Highlights
Slide 29: Key Developments
Key Developments 1 2 3 Launched >15 new clusters in 6M26 presales: Rp4.7tn Recognition in Sustainability 24 existing projects Achievement Combined presales of Rp2.0tn Total 6M26 presales reached • 9 green building certifications (43% of 6M26 achievement) Rp4.7tn (50% of 2026 target) • 6 ESG awards •
Slide 30: Growth Strategy
Growth Strategy Retain healthy land bank levels Wide geographical footprint Increase portion of recurring income Continuously replenishing land bank in Allow diversification of products While simultaneously boost synergy by existing projects while searching for and target market while focusing on co
Slide 31: Creating Value to Stakeholders through Sustainability Pillars
Creating Value to Stakeholders through Sustainability Pillars Sustainability Pillars Material Topic UN SDGs Economic Performance Spirit of Excellence and Innovation Indirect Economic Impact Occupational Health and Safety Building Cities, Building Lives Employment Practices Consumer Health and Safety
Slide 32: Sustainability Achievements
Sustainability Achievements Sustainability Metrics 2025 Key Recognitions IDX ESG Leaders Index since 2020 215,436 MWh 9 219,124 ton CO2eq Electricity consumption level Green building certifications GHG Emissions ESG Sector Leaders IDX KEHATI Index since 2021 ESG Quality 45 IDX KEHATI Index 22,664 2,
Slide 33: First Green Loan: A Sustainability Milestone
First Green Loan: A Sustainability Milestone • Marks a milestone in Ciputra’s sustainability journey. Green Loan Detail • Demonstrates commitment to Environmental, Social, Facility Amount Rp950bn and Governance (ESG) principles. Tenor 7 years • Compliance with Green Standard which has been verified
Slide 34: Commitment to Achieve UN SDGs
Commitment to Achieve UN SDGs UN SDGs Commitment Performed UN SDGs Commitment Performed • Distribution of basic needs assistance to the underprivileged • New projects and new launches brought indirect economic impact on communities surrounding the Company’s project which is carried out on local, nat
Slide 35: New Projects 2026
New Projects 2026 Citra Homes Halim Project scheme & location Joint operation in East of Jakarta Development plan 8.5 ha Market segment Middle Presales 6M2026 Rp565 billion House price range Rp2.0 billion to Rp3.3 billion Average unit price Rp2.8 billion Units sold 224 units Others Accessibility: 3.
Slide 36: New Projects 2026
New Projects 2026 Citra Bukit Golf Sentul Project scheme & location Joint operation in Sentul, South Greater Jakarta Development plan 152 ha Market segment Middle to High Estimated launch 2H2026 2026 est. pre-sales Rp500 billion Unit price Starting from Rp2.0billion Others - 39
Slide 37: Key Projects 2026
Key Projects 2026 CitraGarden City Jakarta Project scheme & location Directly owned in Kalideres, West Jakarta Launch 1984 Development plan 454 ha (sold 376 ha) Market segment Middle to high Presales 6M2026 Rp841 billion House price range Rp1.8 billion to Rp5.6 billion Average unit price Rp2.9 billi
Slide 38: Key Projects 2026
Key Projects 2026 CitraGarden Serpong Project scheme & location Joint operation in Tangerang, West of Jakarta Launch February 2023 Development plan 120 ha out of 350 ha masterplan Market segment Middle-low to middle-high Presales 6M2026 Rp511 billion House price range Rp806 million to Rp4.0 billion
Slide 39: Key Projects 2026
Key Projects 2026 CitraGarden Bintaro Project scheme & location Joint operation in South of Jakarta Launch November 2023 Development plan 28 ha Market segment Middle-low to middle-up Presales 6M2026 Rp325 billion House price range Rp1.6 billion to Rp4.3 billion Average unit price Rp3.0 billion Units
Slide 40: Key Projects 2026
Key Projects 2026 CitraLand Surabaya Project scheme & location Directly owned in West Surabaya Launch 1993 Development plan 1,700 ha (sold 824 ha) Market segment Middle to middle-high Presales 6M2026 Rp313 billion House price range Rp596 million to Rp8.0 billion Average unit price Rp3.1 billion Unit
Slide 41: Key Projects 2026
Key Projects 2026 Citra City Sentul Project scheme & location Joint operation in Sentul, South Greater Jakarta Launch October 2023 Development plan 400 ha Market segment Middle-low to middle-high Presales 6M2026 Rp269 billion House price range Rp1.0 billion to Rp7.3 billion Average unit price Rp2.3
Slide 42: Key Projects 2026
Key Projects 2026 CitraRaya Tangerang Project scheme & location Directly owned in Tangerang, West of Jakarta Launch 1994 Development plan 2,760 ha (sold 903 ha) Market segment Middle-low to middle-high Presales 6M2026 Rp233 billion House price range Rp263 million to Rp4.8 billion Average unit price
Slide 43: Key Projects 2026
Key Projects 2026 Jarak Proyek: Pelabuhan: 2.6 km; Bandara: 20.2 km Trans Studio Mal: 1.8 km; Pantai Losari: 550 m CitraLand City CPI Makassar Project scheme & location Joint operation in Makassar, South Sulawesi Launch October 2015 Development plan 157 ha (sold 35 ha + 50 ha to government) Market s
Slide 44: Key Projects 2026
Key Projects 2026 CitraLand Tallasa City Makassar Project scheme & location Joint operation in Makassar, South Sulawesi Launch May 2017 Development plan 69 ha Market segment Middle Presales 6M2026 Rp103 billion House price range Rp816 million to Rp8.0 billion Average unit price Rp3.0 billion Units s
Slide 45: Key Projects 2026
Key Projects 2026 CitraLand Gama City Medan Project scheme & location Joint operation in Medan, North Sumatra Launch February 2013 Development plan 123 ha out of 211 ha masterplan Market segment Middle and middle-up Presales 6M2026 Rp101 billion House price range Rp1.6 billion to Rp6.4 billion Avera
Slide 46: Key Projects 2026
Key Projects 2026 CitraGarden Sidoarjo Project scheme & location Joint venture in Sidoarjo, South Greater Surabaya Launch August 2005 Development plan 58 ha Market segment Middle Presales 6M2026 Rp90 billion House price range Rp1.7 billion to Rp11.5 billion Average unit price Rp3.2 billion Units sol
Slide 47: Financial Results
Financial Results a aS
Slide 48: Results Summary (Income Statement)
Results Summary (Income Statement) (Rpbn) 6M26 6M25 % YoY Effect of -15.6% YoY in Property Development segment and +4.6% YoY in Revenue 5,194 5,882 -11.7% Recurring segment COGS (2,695) (3,085) -12.6% Gross Profit 2,499 2,796 -10.7% Gross Profit Margin 48.1% 47.5% Effect of product mix Operating Exp
Slide 49: Results Summary (Revenue Breakdown and Margin Performance)
Results Summary (Revenue Breakdown and Margin Performance) (Rpbn) 6M26 6M25 % YoY Revenue Breakdown Property Development Revenue 4,005 4,744 -15.6% Houses, shophouses, and land lots 3,893 4,350 -10.5% In line with lower marketing sales since 2025 Apartments 75 347 -78.3% Due to subdued high-rise dem
Slide 50: Focusing on Property Development and Minimizing Concentration Risk
Focusing on Property Development and Minimizing Concentration Risk Revenue per Segment (6M26) Revenue per Location (6M26) Office Strata Greater Surabaya 0.7% 30% Apartment Strata 1% Shopping Malls 7% Other Java Hotels 6% 5% Healthcare Sumatra Houses, 8% 10% Shophouses, Others and Land Lots Greater J
Slide 51: Solid Development Revenue Combined by Stable Recurring Revenue
Solid Development Revenue Combined by Stable Recurring Revenue Rp tn Development vs. Recurring Revenue 13.0 12.0 2.4 11.0 10.0 2.3 9.0 1.7 8.0 1.9 2.1 7.0 23% 20% 19% 6.0 17% 23% 5.0 21% 10.3 1.2 4.0 8.0 8.9 7.2 7.1 3.0 2.0 4.0 1.0 - 2021 2022 2023 2024 2025 6M26 Development Revenue Recurring Revenu
Slide 52: Debt Profile
Debt Profile As of Jun-26 Total Borrowings: Rp7.9tn Borrowing Cost* Maturity Profile (% of total debt) (Rptn) 12.0% 5.0 10.4% 10.0% 9.8% 4.5 10.0% 8.4% 8.4% 8.3% 4.0 8.0% 7.4% 3.5 34% 3.0 6.0% 2.5 2.0 4.0% 16% 13% 14% 1.5 7% 1.0 2.0% 6% 5% 6% 0.5 0.0% 0.0 2019 2020 2021 2022 2023 2024 2025 2026 2027
Slide 53: Selective Land Banking and Expanding Investment Properties
Selective Land Banking and Expanding Investment Properties Historical Capex 2.8 Rptn Hospital 14% Land for 6M26 Mall Development 0.7tn 3% 72% 1.1 Others 0.8 0.9 0.8 0.7 0.7 11% 2020 2021 2022 2023 2024 2025 6M26 56
Slide 54: Resilient Financial Performance with Continuous Growth
Resilient Financial Performance with Continuous Growth Revenue Gross Profit 12,617 11,188 5,995 9,730 5,263 9,127 9,245 4,840 4,568 4,559 5,882 2,796 2,499 5,194 50% 50% 49% 48% 48% 48% 47% 2021 2022 2023 2024 2025 6M25 6M26 2021 2022 2023 2024 2025 6M25 6M26 Gross Profit Gross Margin Net Profit Key
Slide 55: Balance Sheet Summary
Balance Sheet Summary Rpbn Jun 2026 Dec 2025 Dec 2024 Dec 2023 Dec 2022 Dec 2021 Assets 46,624 47,988 47,023 44,115 42,033 40,668 Cash & cash equivalents 8,602 10,362 10,195 10,601 9,050 7,162 Land 17,854 17,530 17,530 15,296 14,495 14,538 Fixed Assets 3,437 3,255 3,042 2,835 2,691 2,504 Investment
Slide 56: Country Overview
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Slide 57: Encouraging Macro Conditions
Encouraging Macro Conditions Real GDP Growth 5.07% 5.17% 5.02% 5.31% 5.05% 5.03% 5.11% Solid economic growth accelerating 3.69% middle class formation and increasing housing demand -2.07% Home Ownership Loan Outstanding (Rptn) 2017 2018 2019 2020 2021 2022 2023 2024 2025 900 20.0% 800 18.0% Housing
Slide 58: Property Price Index
Property Price Index Source of Consumer Financing (3M26) • Mortgage consistently being Indonesian customers’ preference • There is an imperfect correlation between mortgage rate and benchmark rate. Instalment 20% Mortgage 70% Cash 10% BI Rate vs. Mortgage Rate¹ 12.0% 11.4% 11.0% 10.0% 10.3% Resident
Slide 59: Favorable Population Structure
Favorable Population Structure Percentage of population in urban and rural areas Population by Age Group and 100% Dependency Ratio 90% 51.1 80% 47.5 47.7 70% 60% 5.0% 6.3% 9.2% 50% 40% 66.2% 67.8% 67.7% 30% 20% 10% 28.8% 25.9% 23.1% 0% 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
Slide 60: Regulatory Support from the Government
Regulatory Support from the Government Increased maximum Loan-to-Value (LTV) to Allowed foreigners to own apartments over 100% for all mortgages. Hak Guna Bangunan (HGB) land. Increased limit for mortgages for units under Relaxed the permit requirements for foreigners construction from 2 to 5. to be
Slide 61: Appendix
Appendix
Slide 62: Corporate Structure
Corporate Structure PT Sang Pelopor Public 53.31% 46.69% (18,535,695,255 shares @ Rp 250) 99.99% PT CIPUTRA RESIDENCE 98.33% PT CIPUTRA ADIGRAHA PT CIPUTRA RAYA 65.75% & Subsidiaries SEJAHTERA & Subsidiaries 99.99% PT CIPUTRA NUSANTARA 99.84% PT SARANANEKA INTERNATIONAL CITY 7.43% & Subsidiaries IND
Slide 63: Corporate Milestones
Corporate Milestones 2006 : - Issuance of 2.4 billion shares 2017 : - Merger with CTRS and CTRP without pre-emptive rights for - Issuance of MTN - SGD150 million 1994 : IPO and listing on JSX 1997 : Economic crisis hit debt settlement 2020 : - Included in IDX ESG Leaders Index 1995 : Issuance of Not
Slide 64: We are well positioned in Indonesia’s current property outlook
We are well positioned in Indonesia’s current property outlook Company’s Strengths Business Prospects Focus on real estate business Increase in housing needs Urbanization trends Most diversified in market targets, products offered & project locations Change in customers’ lifestyle Large land bank at
Slide 65: Experienced Management Team - Board of Commissioners
Experienced Management Team - Board of Commissioners Rina Ciputra Sastrawinata - Chairman Kodradi - Independent member Junita Ciputra Tanan H. Antonius Sandra Hendharto - Independent member 68
Slide 66: Experienced Management Team - Board of Directors
Experienced Management Team - Board of Directors Candra Ciputra - President Artadinata Djangkar Budiarsa Sastrawinata MI Meiko Handoyo Harun Hajadi Nanik J. Santoso Cakra Ciputra Sutoto Yakobus Agussurja Widjaja Tulus Santoso - Corporate Secretary 69
Slide 67: Disclaimer
Disclaimer Any person obtaining this Presentation material, will be deemed to have understood and agreed to the obligations and restrictions herein. The content of this material are provided on a strictly private confidential basis and shall be the proprietary of PT. CIPUTRA DEVELOPMENT Tbk. Informa
Slide 68: Thank you
Thank you For enquiries, please contact: Aditya Ciputra Sastrawinata, Head of Investor Relations investor@ciputra.com PT Ciputra Development Tbk Ciputra World 1, DBS Bank Tower 39th Floor Jl. Prof. Dr. Satrio Kav. 3-5, Jakarta 12940 – Indonesia (6221) 2988 5858 www.ciputradevelopment.com