Slides
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PT Lippo Karawaci Tbk 9M25 Corporate Presentation 7 November 2025
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Forward looking statements Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release.
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Vision T o be a leading real estate and healthcare company in Asia, advancing the well- being of those we serve. To embrace innovation and technology in the constant pursuit of developing better products and processes. To inspire our customers, communities, and partners towards a more sustainable future. To build a talent -driven organization that prides itself on operational excellence and bringing out the best in our people. To win the hearts and minds of our customers through quality homes, healthcare and lifestyle offerings, as well as people -centric services. CUSTOMER FOCUS ▪ Put the customer first in every aspect of our business. ▪ Go the extra mile to earn customer trust and loyalty. ▪ Strive to be the best and uphold the highest standards of quality without compromise. ▪ Unleash the full potential of our talent to deliver outstanding performance. ▪ Be responsible for our resources, environment and communities. ▪ Create lasting, positive impact for all stakeholders in our ecosystem. ▪ Thrive in dynamic environments and anticipate change. ▪ Innovate and capitalize on new opportunities. EXCELLENCE AGILITY STEWARDSHIP ValuesMission 1 2 3 4 3 Our Values
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Large landbank and strong growth in marketing sales that is expected to remain elevated in coming years, generating positive cashflow Malls, hotels, and ancillary business assets that are profitable and supplement the main business by providing regular dividend income Investment in the largest hospital operator in Indonesia, delivering clinical excellence and accessible healthcare Real Estate Lifestyle Healthcare 80+ property development projects for sale 366 ha landbank in Lippo Village 466 ha landbank in Lippo Cikarang 342 ha landbank in Tanjung Bunga 164 ha landbank in various locations 41 hospitals 73 clinics 23 provinces 4,531 GPs, specialists, dentists 9,962 nurses and medical professionals 59 managed malls 10 hotels 17 provinces 2.5+ million m2 mall NLA 260+ millions annual mall visitors End-to-end revenue streams: ▪ Real Estate Development ▪ Township Management ▪ Water treatment and other supporting services Complete healthcare service offerings: ▪ Hospitals ▪ Clinics ▪ Digital healthcare, homecare, and other supporting services Wide range of business portfolio: ▪ Malls ▪ Hospitality ▪ Food catering, parking, and other ancillary businesses Leader in Fully Integrated Estate Operations – Scale, Integration and Financial Discipline: Total Revenue: IDR 6.5tn in 9M25 Total Assets: IDR 49.3tn in 9M25 Widespread presence in 56 cities and 26 provinces across Indonesia Revenue breakdown: 85% Real Estate, 15% Lifestyle business (as of 9M25) 4 Our Company Total Equity: IDR 31.0tn in 9M25
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Real Estate segments supported topline growth in 9M25; Healthcare performance shows recovery 5 9M25 Business Performance Highlights ▪ To achieve a better patient outcome, Siloam has invested in advanced technologies such as robotic surgery covering different area. Currently, Siloam owns 5 robotic surgery. Real Estate Lifestyle Healthcare ▪ 9M25 Marketing Sales reached IDR 4.02tn, achieving 64% of the FY25 target, This performance highlights sustained demand across affordable and premium landed housing in key regions. ▪ The newly launched products include innovations in the premium series such as Belmont Homes, Bentley Homes, and The Allegra, as well as various new product types in the affordable housing series, including Treetop Livin, Gold Livin, Bronze Livin, and Quartz Livin. ▪ Revenue grew 74% YoY to IDR 5.51tn, supported by timely handovers of landed residential, high-rise, and commercial units across various projects, while EBITDA rose by 4% at IDR 843bn, supported by operational efficiencies and effective execution. ▪ Lifestyle revenue stable at IDR 994bn, while EBITDA increased 21% YoY to IDR 335bn, driven by stronger tenant leasing momentum and continued cost optimization initiatives across mall and hotel operations. ▪ Mall footfall averaged over 11.1 million visitors per month, marking a 7% YoY increase, while mall occupancy improved to 84.1% or increased by 5% YoY, reflecting stronger retail recovery and higher tenant demand across major locations. ▪ Average hotel room rates grew 2% YoY to IDR 635k, exceeding pre-pandemic levels, while occupancy strengthened to an average of 60%, rebounding from the soft levels seen in 1Q25 and 2Q25. ▪ Overall throughput has been softer with outpatient visits recorded at 3,208,950 visits in 9M25. Both inpatient days and inpatient admissions reached 742,102 days and 234,724 visits. ▪ Siloam’s 9M25 performance is a pivoting quarter for Siloam signaling a return to growth, with revenue booked at IDR 7.29tn, increased by 3% YoY from 9M24. EBITDA stable at IDR 2.08tn with 29% EBITDA margin
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Revenue EBITDA(in IDR bn) (in IDR bn) = % increase/decrease from 9M24 figure 1Proforma financials assumes Siloam were deconsolidated from LPKR’s financials for a like-for-like comparison 6 +74% +4% -17% +4%-12% +52% 4,288 2,341 (120) 9M24 Proforma1 Real Estate Development Lifestyle Holdco 9M25 Statutory 6,509 (1) 962 33 (34) 36 9M24 Proforma Real Estate Development Lifestyle Holdco 9M25 Statutory 997 LPKR delivered 52% increase in revenue on a like-for-like basis, driven by +74% increase in Real Estate segment 9,251 9M24 Statutory SILO Deconsolidation (4,963) 2,178 9M24 Statutory SILO Deconsolidation (1,216) 0% -12% ▪ LPKR recorded revenue of IDR 6.51tn, increased by 52% YoY on a like-for-like basis. The increase was driven by the performance of real estate development from the handover of landed houses at Park Serpong. ▪ LPKR reported EBITDA of IDR 997bn in 9M25, a 4% YoY increase on a like-for-like basis, mainly attributable to margin compression in the Real Estate segment resulting from a change in product mix.
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Consolidated Profit and Loss1 EBITDA by Segment (in IDR bn) In IDR bn 9M25 9M24 Var (YoY) IDR % Revenue 6,509 9,251 (2,742) -30% EBITDA 2 997 2,178 (1,181) -54% EBITDA margin 15% 24% Income from Associates 499 151 348 230% Net Interest Expense (256) (746) 490 -66% Amortization and Depreciation (140) (340) 200 -59% Taxes (199) (374) 176 -47% Others3 (459) (458) (1) 0% Underlying NPAT 442 411 31 8% Underlying NPAT margin 7% 4% Non-Operational and One -Off Items4 (74) 18,307 (18,381) NM NPAT 368 18,718 (18,350) -98% NPAT margin 6% 202% ¹ 9M24 includes Siloam financials & 9M25 excludes Siloam financials after its deconsolidation 2 EBITDA excludes non -cash adjustment of Siloam’s historical assets write -down in 2024 3 Others mainly consist of the rental equivalent expense component from the PSAK 73 leasing calculation 4 Non operational accounting adjustment from SILO one off in 2024, bonds buyback, FX as well as impact from sale & deconsolidation of SILO Real Estate Lifestyle = EBITDA margin 15% 26% 843 811 9M25 9M24 34% 27% 7 Underlying NPAT grew 8% YoY to IDR 442bn in 9M25, supported by lower financing costs and improved associate contributions 335 278 9M25 9M24 (in IDR bn)
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Cashflow Movement(9M25) Remarks (in IDR bn) Operating Cash Flow Net outflows driven by the Company’s focus on completing and delivering several projects this year. Net interest expense dropped significantly to IDR 175 billion in 9M25, from IDR 765 billion in the same period last year, reflecting our successful deleveraging initiatives and commitment to ensuring sustainable cash flow generation going forward. Financing Cash Flow LPKR has secured a new BTN loan facility to refinance its syndicated loan, providing a more competitive interest rate of BI 7D RR + 1.4% to 1.75% margin. 8 Liquidity remained strong supported by lower financing costs and debt repayment in 9M25 5,328 2,178 3,638 (4,676) (1,817) Cash at beginning Net Interest Expense Cash from Investing Activities Cash from Financing Activities Forex Impact Cash at the endCollections from Customers Payments to Contractors/Suppliers and others (175) (125) 3 Cash from Operating Activities
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Debt Breakdown Debt Maturity Profile (in IDR bn) Historical Net Debt 100% 0% USD debt (bonds) IDR debt (bank loans) 76 336 367 429 2025 2026 2027 2028 2029-2032 2,857 IDR debt (bank loans) 7,395 10,732 8,586 2,752 0.38 0.09 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 0.22 2019 0.46 2020 2021 0.66 2022 0.59 2023 0.04 2024 9M25 12,562 11,730 1,104 DER Consolidated net debt (in IDR bn) Rating Action CFR: B3 (positive) (as of 3 October 2024) 9 Balance sheet strengthened with 100% IDR-denominated debt and improved maturity profile
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SEGMENT 1: REAL ESTATE OVERVIEW
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Financial performance Property development projects sold in 9M25 Marketing sales performance List of launches in 9M25 Key takeaways and going forward ▪ Real Estate 9M25 revenue increased by 74% to IDR 5.5tn driven by handovers of landed house at Park Serpong and apartment units in Lippo Cikarang. ▪ Gross profit improved 14% to IDR 1.6tn in 9M25. ▪ EBITDA to IDR 843bn in 9M25 with 15% EBITDA margin Landed residential: 22 projects Low-rise residential: 1 project Mid-rise residential: 1 project High-rise: 7 projects Shophouses: 16 projects ▪ LPKR achieved 9M25 marketing sales of IDR4.02tn, reaching 64% of FY25 marketing sales target ▪ Landed housing continued to be the primary driver, accounting for 70% of the total marketing sales achievements in 9M25. We continue to expand our portfolio by developing a diverse range of residential products that cater to various market segments across Indonesia — from affordable homes designed for young families to premium residences that meet the lifestyle aspirations of the affluent market. 11 Real Estate Business Highlights Lippo Karawaci: • Park Serpong ph.4 • Belmont Homes • Bentley Homes • Park Serpong ph.5 • Marq Lippo Cikarang: • The Allegra @Casa de Lago • The Hive @Tanamera • The Hive @Neo Patio Tanjung Bunga: • Blackslate Series • The Aluxe Homes • The Hive @Metro Patio
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Historical Marketing Sales 2,096 462 82 114 1,223 41 3,700 550 100 200 1,650 50 LK Residential LK Commerical LK High rise inventory San Diego Hills Lippo Cikarang Total Land plot Total incl. LP 6,200 6,250 3,977 4,018 9M25 results FY25 target 57% % of results vs target (in IDR bn) 9M25 Marketing Sales Results vs Target by Project (in IDR bn) ▪ ~1,000 hectares of land bank in Jakarta, Greater Jakarta and Makassar translate to roughly IDR 155tn in gross development value. ▪ At our current run-rate, this translates to 25+ years of remaining land bank. Note: Reported landbank in Lippo Village area excludes golf area amounting to 63.4ha valued at USD 761mn. All values as of 30 September 2025 and in USD using the average exchange rate of 1 USD = IDR 16,680 Land Bank Ownership (%) Land Area (ha) Market Value (USD mn) Lippo Village 100% 366 1,389 Lippo Cikarang 90.7% 466 1,531 Tanjung Bunga 57.7% 342 71 San Diego Hills 100% 68 312 Outside Lippo Village 98% 95 421 - Puncak 100% 29 79 - Sentul 100% 19 52 - Holland Village Manado 100% 2 5 - Prapanca 70% 7 140 - Kemang 100% 6 118 - St. Moritz 100% 3 48 - Others 100% 31 51 Total 1,337 3,724 13 1,846 2,670 4,964 4,766 5,122 6,011 4,018 6,250 2019 2020 2021 2022 2023 2024 9M25 FY25 Target 64% 9M25 Marketing Sales reached IDR 4.02tn or 64% of FY25 target, driven by contributions from Park Serpong, Karawaci, Cikarang and Makassar 84% 82% 57% 74% 64% 82% 64%
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 9M25 Marketing Sales Breakdown in Lippo Karawaci 9M25 Marketing Sales Breakdown in Lippo Cikarang 9M25 Marketing Sales by Payment Mode (excld. Land Plot) Residential Product Sales Volume by Unit Price 2,191 (84%) 251 (10%) 122 (5%) 44 (2%) Landed housing Shophouse Mid-rise residential High-rise inventory Volume (in units) 2,038 (77%) 462 (18%) 58 (2%) 82 (3%) Amount (in IDR bn) Marketing sales in Lippo Karawaci were mainly driven by landed housing, accounting for 77% of the total, dominated by the Cendana Suites, QXYZ, Treetops Livin and Blackstar Series Marketing sales in Lippo Cikarang were mainly driven by residentials and commercial units, accounting for 60% and 34% of the total sales. Mortgages constituted 65% of the overall marketing sales in 9M25. We continue to see a strong demand in affordable housing, supported by high mortgage utilization, implying high end-users. ~66% of homes sold were priced at IDR 1bn or less in 9M25. 820 (71%) 78 (7%) 52 (5%) 24 (2%) 180 (16%) Landed housing Low-rise residential High-rise inventory Industrial Commercial Volume (in units) 674 (55%) 26 (2%) 35 (3%)68 (6%) 420 (34%) Amount (in IDR bn) 65% 21% 15% 74% 14% 14% Mortgage Installment Cash 66% 25% 9% 1% 72% 25% 3% 0% <IDR 1bn IDR 1-2bn IDR 2-5bn >IDR 5bn 9M249M25 14 9M249M25 9M25 Marketing Sales Highlights
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Total unit handed over in 9M25 – % handover completion Total units sold Real Estate’s 9M25 revenue increased by +74% YoY to IDR5.5tn, driven by timely handover of landed house, apartment units and shophouses, as well as the accelerated deliveries of Cendana Essence in Lippo Village, Waterfront Estates in Cikarang, and the most recent project deliveries of Phase 1 Park Serpong Cityzen Park East Cityzen Park North Cendana Cove Verdant Cendana Essence Site A Area 1 and 2 645 units– 93% completed 778 units 105 units – 98% completed 107 units 11 units 218 units 88% completed 408 units – 98% completed 416 units Cityzen Park West 374 units – 74% completed 503 units Waterfront Estates - Uptown Tanamera Shop houses 37 units – 89% completed 720 units 46 units – 88% completed 63 units Lippo CikarangLippo Village 4 units – 96% completed 340 units The Hive @Parc Two 17 units – 81% completed 21 units 15 Park Serpong 9M25 Project Handover Highlights Cendana Cove
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 16 Recent Product Innovation – 6namaste Bronze Alpha Livin Silver Alpha Livin Treetops Alpha Livin Gold Alpha Livin Goldtops Alpha Livin Land area : 31.4m2 Building area : 35m2 Land area : 38m2 Building area : 52.3m2 Land area: 38m2 Building area: 79.5m2*IDR 397mn *All prices are starting price *IDR 534mn *IDR 655mn Land area : 62.5m2 Building area : 78.1m2 *IDR 817mn Land area : 62.5m2 Building area : 97.5m2 *IDR 897mn Cendana Alpha Livin *All prices are starting price Land area : 62.5m2 Building area : 97.5m2 *IDR 897mn
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 19 Grand Launching: Park Serpong Phase 5 Lippo Karawaci launched Park Serpong Phase 5 on 30 August 2025, offering homes from affordable to premium tiers, with 87% take – up rate.
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 20 Expanding with New Facilities to Support Community Needs National School FMX Minimarket Fun Pickleball 1.5 ha - Modern Market Coming Soon Shuttle Bus Coming Soon
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SEGMENT 2: LIFESTYLE OVERVIEW
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 About LMI Well-diversified Tenant Mix Leading Player in the Number of Malls Operated Supported with Well-known Tenants 37 22 20 40 60 AEON Summarecon Group Agung Sedayu Pakuwon Group Agung Podomoro Lippo Malls 59 Peers LMIRT Malls Other Lippo Malls 16% 16% 12% 9% 10% 9% 25% 3% Supermarket/Hypermarket Department Store F&B/Food Court Leisure & Entertainment Fashion Casual Leasing Parking All Other Sectors ▪ Lippo Mall Indonesia is the largest mall developer and operator in Indonesia with 59 managed malls nationwide across 39 cities in Indonesia. The company has the largest operational net leasable area comprises of 2.5+ million sqm. There are over 200+ international tenants in Lippo malls, and tens of thousands of local tenants and MSMEs. ▪ Established in 1992, Lippo pioneered the concept of the lifestyle mall as a one-stop destination in Indonesia. The mall is at the heart of every Lippo development, where communities, families and people come together. ▪ Visitors to our malls can enjoy benefits such as promotions and exclusive services via our loyalty app "Styles". 22 Lippo Mall Indonesia: The largest mall developer and operator in Indonesia
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Consistent YoY Growth of Malls Visitors2 Malls Revenue1 Malls EBITDA1 Growing Malls Occupancy Rate2 (Average monthly visitors; in mn visitors) 22% 24% EBITDA margin 9M24 9M25 80.1% 84.4% +5% 1 Revenue and EBITDA amount are based on non-consolidated figure (gross of intercompany eliminations) 2 LMIRT malls only. Industry average occupancy rate by Cushman & Wakefield (in IDR bn) (in IDR bn) 23 Malls deliver growth in revenue, EBITDA, and footfall with occupancy reached 84.4%, outperforming industry average of 77.9% 506 542 9M24 9M25 +7% 112 129 9M24 9M25 +15% 10.4 11.1 9M24 9M25 +7%
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 3Q25 Mall Activities 13th Anniversary of Lippo Mall Kemang Lippo Mall Kemang (LMK), one of Lippo Malls Indonesia’s flagship malls, celebrates its 13th anniversary with Journey in Elysium (Sept 26–Oct 5, 2025), featuring fashion shows, live music, and community events. Showcasing over 40 Indonesian designers and performances by Adikara, Danilla, and the Octobeer Night DJ showcase, LMK reinforces its position as South Jakarta’s premier lifestyle and family destination. Cibubur Junction Reconcept Cibubur Junction, managed by Lippo Malls Indonesia (LMI), is undergoing a tenancy mix repositioning and rejuvenation program starting Q4 2025 to enhance visitor experience and stay competitive. The initiative brings in new tenants like OH!SOME, Informa, Chatime, and ACS, while refreshing F&B, fashion, and entertainment offerings to strengthen its appeal as a family and lifestyle destination in East Jakarta. Plangi Nusantara Lippo Malls Indonesia (LMI) held the Tenant Gathering 2025 to appreciate its tenants as key partners in the company’s growth. The event featured awards, networking, and celebrations, strengthening collaboration between LMI and its tenants. Through this gathering, LMI reaffirmed its commitment to partnership, shared growth, and long-term success across its mall network. 24
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Strategically Located in Top Cities Aryaduta Menteng Jakarta Tangerang Bali Aryaduta Suites Semanggi Aryaduta Lippo Village Aryaduta Bali Aryaduta Bandung Palembang Aryaduta Medan Aryaduta Palembang Aryaduta Pekanbaru Makassar Aryaduta Manado Aryaduta Makassar Bandung Medan Pekanbaru Manado Imperial Klub Golf¹ Aryaduta Country Club¹ About Aryaduta ▪ Aryaduta Hotels is a heritage luxury hotel chain located strategically in 9 top cities across Indonesia. ▪ Known as "Iconically Indonesian, Globally Inspired", Aryaduta has established itself as a trusted brand in the local hospitality industry, catering to both business and leisure needs with 1,900+ rooms. ▪ Aryaduta also operates leisure facilities, including Imperial Klub Golf, one of Indonesia's most renowned 18-hole golf courses. ¹ Aryaduta Leisure 28 Hotels: A prominent player in the premium hotel sector under the Aryaduta brand
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 9M24 9M25 67% 60% -7% 357 336 9M24 9M25 -6% ¹ Revenue and EBITDA amount are based on non-consolidated figure (gross of intercompany eliminations)EBITDA margin Hotels Revenue¹ Hotels EBITDA¹ Hotels Occupancy Average Room Rates 40% 32% (in IDR bn) (in IDR bn) (in IDR) 29 Hotel business recorded revenue at IDR 336bn and EBITDA IDR 109bn respectively 144 109 9M24 9M25 -24% 619,938 635,284 9M24 9M25 +2%
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SEGMENT 3: HEALTHCARE OVERVIEW
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 3Q25 marks a pivotal quarter, showing 7.8% & 19.4% QoQ revenue and EBITDA growth despite several unforeseen external events 31 Revenue1 IDR2.56tn in 3Q25 EBITDA IDR768bn in 3Q25 3Q25 vs 2Q25 7.8% Net Profit IDR321bn in 3Q25 3Q25 vs 2Q25 45% Revenue¹ (in IDR bn) Annual Revenue Quarterly Revenue 20.8% 26.8%25.7% EBITDA 29.2% Annual EBITDA Quarterly EBITDA 16.9% 29.7% 29.8% 27.1%30.8% 28.5% Net Profit Annual Net Profit Quarterly Net Profit ¹ Revenue 2020 onwards referring to non-specialist revenue% Margin 5,758 7,637 7,393 8,663 9,455 FY20 FY21 FY22 FY23 FY24 +13% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2,341 2,319 2,403 2,392 2,349 2,379 2,564 1Q24 +7.8% 1,197 1,962 1,984 2,670 2,757 FY20 FY21 FY22 FY23 FY24 +23% 397 688 716 647 670 643 768 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 +19% 27.0% 125 700 710 1,247 1,259 FY20 FY21 FY22 FY23 FY24 +78% 25 311 333 281 255 221 321 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 +45% (in IDR bn) 30% EBITDA Margin 3Q25 vs 2Q25 19.4% 12.5% NPAT Margin 30.0% (in IDR bn)
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 Siloam achieved strong operational performance despite unfavorable external events in Aug to Sept 2025 #E6E9F0 #1B3F9B #AEB7C6 #E9C46A #FFE98A #F4A261 #2A9D8F 32 Outpatient Visits & OPD to IPD Conversion Inpatient Admissions Inpatient Days & ALOS Occupancy Rate 1,047,201 1,066,474 1,051,017 1,018,077 1,094,613 1,080,500 1,051,195 1,035,045 1,122,710 3.0 2.9 3.0 3.0 3.1 3.0 2.9 2.9 2.9 0 1 2 3 4 0 500,000 1,000,000 1,500,000 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 +8.5% OPD to IPD Conversion Outpatient Visits 80,230 79,272 82,840 81,626 80,511 81,053 75,259 76,590 82,875 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 +8.2% 245,438 242,912 260,258 255,175 244,262 247,785 233,109 240,292 262,035 3.1 3.1 3.1 3.1 3.0 3.1 3.1 3.1 3.1 0 2 4 0 200,000 300,000 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 +9.0% ALOS Inpatient days 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 68.2% 66.2% 69.8% 68.0% 64.2% 65.2% 62.4% 62.2% 65.8% +3.6%
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THANK YOU
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APPENDICES
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 37 Consolidated Statutory Statement of Profit and Loss P&L Highlights (in IDR bn) 9M25 9M24 YoY Changes Total Revenues 6,509 9,251 -30% COGS (4,177) (5,112) -18% Gross Profit 2,331 4,139 -44% Operating Expenses (1,676) (2,650) -37% Operating Profit 655 1,489 -56% Other Income & Expenses - Net 445 18,682 -98% Financial Charges - Net (452) (1,134) -60% Profit Before Tax 648 19,037 97% Tax Expenses (199) (397) -50% Profit for the Year 449 18,640 -98% Non Controlling Interest 81 (78) 204% Profit for the Year Attributable to Owners of the Parent 368 18,718 -98%
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 38 Consolidated Statutory Statement of Balance Sheet Balance Sheet Highlights (in IDR bn) 9M25 FY24 9M25 FY24 ASSETS LIABILITIES & EQUITY CURRENT ASSETS CURRENT LIABILITIES Cash & Cash Equivalents 2,178 5,328 Trade accounts payable 554 655 Trade Accounts Receivable 568 517 Accured Expenses 1,338 1,533 Other current financial assets 273 306 Taxes Payable 72 118 Inventories 26,082 27,505 Bank Loans 1,206 1,470 Prepaid Taxes & Expenses 890 864 Lease Liabilities 308 296 Bond Payable - 1,029 Contract Liabilities 2,685 5,492 Other Current Financial Liabilities 597 516 Total Current Assets 29,992 34,521 Total Current Liabilities 6,761 11,108 NON-CURRENT ASSETS NON-CURRENT LIABILITIES Other Non-Current Financial Assets 2,401 2,339 Bank Loans 3,723 3,933 Investments in Assosiates 11,054 10,950 Lease Liabilities 3,389 3,478 Investment properties 929 969 Contract Liabilities 3,932 3,864 Property & Equipment 3,713 3,874 Other Non-Current Financial Liabilities 540 455 Goodwill & Intangible Assets 159 158 Total Non Current Liabilities 11,584 11,729 Land for Development 553 553 Deferred Tax Assets 89 81 EQUITY Advances 316 277 Capital Stock - Issued & Fully Paid 7,090 7,090 Other Non-Current Non-Financial Assets 146 62 Additional Paid-In-Capital - Net 11,455 11,455 Total Non Current Assets 19,361 19,263 Difference in Transactions with Non-Controlling interest (2) (2) Other Equity Components 3,811 3,543 Treasury Stock (11) (11) Retained Earnings 8,202 7,852 Other Comprehensive Income (450) (58) Total Equity Attributable to Owners of the Parent 30,094 29,869 Non-Controlling Interest 915 1,079 Total Equity 31,009 30,947 TOTAL ASSETS 49,353 53,784 TOTAL LIABILITIES & EQUITY 49,353 53,784
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 39 Consolidated Statutory Statement of Cash Flow Cash Flow Highlights (in IDR bn) 9M25 9M24 YoY Changes Cash at beginning 5,328 2,650 101% Cash from operating activitites: (1,213) 1,153 -205% Business operations (1,038) 1,918 -154% Net Interest Expense (175) (765) -77% Cash from investing activities: (125) 9,322 -101% Cash from financing activities: (1,817) (6,241) -71% Senior Notes Redemption (1,035) (3,905) -73% Repayment net bank loan (536) (1,827) -71% Others (245) (510) -52% Forex Impact 3 (0) NM Cash at end 2,178 6,883 -68%
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 1,763 (81%) 313 (14%) 102 (5%) Holdco (incld. Subs) LPCK GMTD 4,574 (86%) 675 (13%) 79 (1%) Consolidated cash: IDR 2,178bn Consolidated cash: IDR 5,328bn Cash Breakdown – September 2025 Cash Breakdown – Dec 2024 40 Cash Breakdown Holdco (incld. Subs) LPCK GMTD
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 42 Notes
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224 144 144 Charts/Objects Color Scheme 215 180 106 59 213 221 174 181 184 169 184 2 64 162 66 49 74 118 Highlight for Tables 227 6 19 Key Message 0 176 240 Placeholder Heading Font color – 49/74/118 Fill Color – 255/255/255 Line: 49/74/118 Page Title: 22 pt; bold Arial 49 74 118 0 176 240 INVESTOR RELATIONS PT LIPPO KARAWACI TBK Head of Investor Relations Agus Arismunandar Email: agus.arismunandar@lippo.co.id Deputy Head of Investor Relations Indra Agina Sinuraya Email: Indra.Sinuraya@lippokarawaci.co.id Mobile: +6281310008957 43