Slide 1

Slide 2

Sekilas Indocement

Kondisi Pasar Semen Domestik Saat ini

Laporan Keuangan 2010

Rencana Strategi Investasi

Tinjauan 2011

Indocement at Glance

Current Domestic Market Condition

Financial Update 2016

Investment Plan Strategy

Outlook 2017

Q & A

HR, Corporate Social Responsibility and Awards

AGENDA

Slide 3

INDOCEMENT HISTORY

1985 PT Indocement Tunggal Prakarsa (Indocement) incorporated

following merger of 6 companies owning 8 cement plants

1989 Public listing of Indocement on the Indonesia Stock Exchange

1991

Acquired the 9th plant in Palimanan

Completed Surabaya cement terminal

Started ready-mix concrete business

1996-1999 Completed the 10th in Palimanan and 11th plants in Citeureup

Acquired 12th Plant via merger with PT Indo Kodeco Cement 2000

2001 HeidelbergCement Group became a major shareholder through its

subsidiary Kimmeridge Enterprise Pte. Ltd.

2003 Kimmeridge Enterprise Pte. Ltd. transferred shares in Indocement

to HC Indocement GmbH

2005 Introduced Portland Composite Cement (PCC) product to

Indonesian market

2006 HC SE Asia GmbH, was merged into HeidelbergCement AG which

then controlled 65.14% shares of Indocement

2007 Completed modification of the 8th plant which provided an

additional annual capacity of 600,000 tons of cements

2009 Placement of 14.1% HeidelbergCements shares in June 2009

2010

Additional capacity of 1.5 mt cement mills capacity by August 2010

in Cirebon Factory

2013

Started the construction of a new brownfield project with the

capacity of 4.4 mt in Citeureup

2014 Commissioning of new grinding mill (VRM) at Citeureup in

January 2014

2016 Partially initiate and operate new 14th Plants in October 2016

Slide 4

INDOCEMENT TODAY Leading Indonesian producer of quality & specialty cement products

Second largest cement manufacturer in Indonesia, listed on the

Indonesia Stock Exchange.

Integrated cement operations with a total current production capacity of

24.9 mt of cement.

Diversified product range including

OPC, PCC, PPC, TR Rapid, PCC Industry, and future products slag

cement

The one and only White Cement producer in Indonesia to date.

One of the worlds largest cement producers, HeidelbergCement Group,

is the majority & controlling shareholder 51%, Public 49%.

As of December 31, 2016, Indocements market capitalization is

approximately at IDR 56.7 trillion (IDR 15,400/share) - one of the largest

in IDX.

As end of 2016, 6,579 employees (Cement 4,517; RMC & Aggregates

2,040, Others 22).

Well established Tiga Roda brand and Rajawali brand which just

launched in October 2016.

Slide 5

INDOCEMENT PLANT CLINKER CAPACITY (In Thousands Ton Clinker per Year)

Cement Grinding Production

Capacity: 24.9 MillionTon per Year

Slide 6

BOARD OF COMMISSIONERS & BOARD OF DIRECTORS

Board of

Commissioners

Dr. Albert Scheuer

President Commissioner

Dr. Lorenz Naeger

Commissioner

Kevin Gluskie

Commissioner

Tedy Djuhar

VP Commissioner,

Independent

Commissioner

I Nyoman Tjager

VP Commissioner,

Independent

Commissioner

Dr. Bernd Scheifele

Commissioner

Board of Directors

Kuky Permana

Independent

Director

Franciscus

Welirang

VP Director

Hasan Imer

Director

Ramakanta

Bhattacharjee

Director

Troy Dartojo

Soputro

Director

Juan F. Defalque

Director

Christian

Kartawijaya

President Director

Benny S. Santoso

Director

Daniel Lavalle

Independent

Commissioner

David Clarke

Director

Slide 7

INDOCEMENTS BUSINESS STRUCTURE Cement is the core business comprising over 90% of sales

INDOCEMENT

CEMENT RMC OTHERS

Citeureup Factory

10 plants

Palimanan Factory

2 plants

Tarjun Factory

1 plant

PT Pionirbeton Industri &

PT Indomix Perkasa 38

batching plants in

Jabodetabek, West Java,

and Central Java

capacity more than 4.0

million m3.

PT Dian Abadi Perkasa 99.9%

(Cement Distributor)

PT Multi Bangun Galaxy 99.0%

(Terminal-Land Operation)

PT Pama Indo Mining - 40%

(Mining Services in Tarjun)

PT Bahana Indonor 99.9%

(Owns 1 ship and 1 floating

terminal)

PT Cibinong Center Industrial

Estate - 50% (Industrial Estate in

Citeureup)

PT Mineral Industry Sukabumi

99.9% (Trass Quarry)

PT Lintas Bahana Abadi -

99.9% (Owns 1 floating terminal)

AGGREGATES

PT Mandiri Sentra

Sejahtera 99.9%

(Aggregates Business)

PT Tarabatuh Manunggal

99.9% (Aggregates

Business)

Slide 8

INDOCEMENT FACTORY AND TERMINAL LOCATIONS

Citeureup Factory

10 plants with

production

capacity of 18.2mt

Tj. Priok Terminal

Palimanan Factory

2 plants with

production capacity of

4.1mt

Surabaya

Terminal

Lombok Terminal

Tarjun Factory

1 plant with production

capacity of 2.6mt

Banyuwangi Terminal

Samarinda Terminal

Denpasar Terminal

Cigading Terminal

Sepanjang

Terminal

Citeureup Factory is one of the largest integrated factory complexes in the world.

State-of-art technology with some of the most efficient kilns in operation today.

Current total capacity is 24.9 mt of cement.

Cement distribution using train for some locations.

Slide 9

Indocement at Glance

Current Domestic Market Condition

Financial Update 2016

Investment Plan Strategy

Outlook 2017

Q & A

Current Domestic Market Condition

HR, Corporate Social Responsibility and Awards

AGENDA

Slide 10

Indonesian Cement Industry 2017 Landscape

Lafarge Indonesia

1.6 mio ton

0.2 mio ton (g)

Semen Baturaja

2.1 mio ton

0.7 mio ton (g) Semen Indonesia

14.4 mio ton

0.5 mio ton (g)

Semen Puger

0.5 mio ton

Semen Kupang/Merah Putih

0.6 mio ton

Jui Shin

2.0 mio ton

Holcim Indonesia

11.9 mio ton

0.3 mio ton (g)

Semen Indonesia

10.3 mio ton

0.9 mio ton (g)

Merah Putih

4.2 mio ton

2.0 mio ton (g)

Indocement

24.9 mio ton

Total Cement Capacity in 2017 of 102.2* mio tons, from

89.9 mio tons in 2016

Source: ASI and internal estimation

Anhui Conch

2.6 mio ton

Panasia

2.0 mio ton

Siam Cement

2.0 mio ton

Semen Bosowa

4.0 mio ton

2.5 mio ton (g)

Semen Indonesia

7.8 mio ton

Anhui Conch

2.2 mio ton (g) * Total capacity in 2017 includes Finished Mills from Hao Han (0.6 mt), Semen Jakarta (1.5 mt), and Sun Fook (0.6 mt), excludes Rembang plant from Semen

Indonesia (1.5 mt)

Slide 11

INDONESIAN CEMENT MARKET GROWTH

Large infrastructure projects (MRT, road,

rail, harbor, airport), more expected to

come - MP3EI

Growing middle class with growing

income base

Urbanization

Effects on Demand

Source: ASI Published data

Effects on Supply

Additionally capacity coming to the market in

2016 and 2017

Higher fuel cost related to higher coal price

Increasing gap between supply and demand due to higher growth in capacity

addition vs. growth in demand

27.5 30.2 31.5 31.9 34.2

38.1 38.4 40.8

48.0

55.0 58.0 59.9

62.0 62.0 47.5 47.5 46.1 44.9 44.9 44.9 48.7 50.9

54.1 59.8

62.8

70.1

77.4

89.9

1.8%

9.7%

4.2%

1.5%

7.0%

11.4%

0.9%

6.2%

17.7% 14.5%

5.5%

3.3% 3.5% 0.0%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Mio ton

Domestic Consumption (LHS) Domestic Capacity (LHS) Consumption Growth (RHS)

Slide 12

CURRENT TRADING December 2016

Indocement sales volumes comparison

Indocements domestic sales volume in 2016 decreased by 2.9% YoY.

Export sales volume increased by 83% to 390.4 k tons (previous year: 213.2 k tons).

9.6 10.0 10.7

12.3 11.8 12.8

15.4

17.9 18.0 18.5 17.1 16.6

2.5 3.2

3.8

2.3 1.6

1.0 0.6

0.1 0.2 0.1 0.2 0.4

29.7% 30.6% 30.9%

31.6% 30.2%

30.9% 31.5% 32.0%

30.4% 30.4%

27.1% 26.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

2