Company Profile 1Q14 Results

Disclaimer: This report has been prepared by PT Bank Permata Tbk independently and is circulated for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has been obtained from sources which we deem reliable. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. We disclaim any responsibility or liability without prior notice of PT Bank Permata Tbk and/or their respective employees and/or agents whatsoever arising which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Bank Permata Tbk and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.

Background Major Shareholders Year Established

1955

Listing at the Bourse

Since 1990 at the Jakarta Stock Exchange and Surabaya Stock Exchange (both merged and now known as the Indonesian Stock Exchange (BEI)

Asset Branches

ATMs

Shareholders

Corporate Rating

Sub Debt Rating

Rp 167 tn (consolidated) • 302 conventional • 16 Sharia • 20 mobile branches

§ A major conglomerate with one of the largest market caps in Indonesia § Six business lines in >170 companies § Strong reputation in Corporate Governance and CSR

915 and additional access to >50,000 ATMs* • PT Astra International Tbk (44.56%) • Standard Chartered Bank (44.56%) • Public 10.88%

Id AA+ AAA(idn)

(Pefindo) (Fitch)

Id AA

(Pefindo)

§ An international Bank with global experience § Innovative banking products & services § Strong reputation in risk management

*) connected through Visa Plus, Visa Electron, Master Card, ALTO, ATM Bersama and ATM Prima networks

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Permata Today – Key facts and figures Extensive Branch Network

Business

Service Excellence

• • • •

• Full service Consumer and Commercial segment. • Large presence in SME and a rapidly growing sharia banking business.

• Leveraging well-recognized culture of Service Excellence • Various Awards & Accolades for Service Quality – notably, Best Call Center Award for 9th consecutive year

Key Facts

Astra International and Standard Chartered Bank as Unique Shareholders

318 branches (including 16 Sharia) 276 Sharia Office Channeling Branch coverage in 60 cities Optimizing & expanding network

Comprehensive Delivery Channels • 915 proprietary ATMs • Access to over 50,000 joint ATMs • Best Mobile Banking in Asia Pacific (Asian Banker Award 2011) • Extensive internet banking

• 7th largest bank in Indonesia • Total Assets of ~USD 15 bn • ~7,700 permanent staff

• Unique market positioning • Various Synergy opportunities • Best practice transfer 3

Ratings

Rating Agencies Agencies Rating

Rating/outlook

Rating / Outlook

Pefindo Rating (October 2013) Corporate Rating Subordinated Bonds

id AA+ id AA

Fitch Ratings (November 2013) National Long Term Rating

AAA(idn)

Moody’s Investor Services (May 2013) Bank Financial Strength Rating (BFSR) Baseline Credit Assessment (BCA) Adjusted Baseline Credit Assessment (ABCA) Long-/Short-term Foreign Currency Deposits Long-/Short-term Global Local Currency

D / Stable outlook Ba2 Ba1 Baa3 / Prime-3 / Stable outlook Baa3 / Prime-3 / Stable outlook

/

Stable outlook

/

Stable outlook

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Financial Highlights

Balance Sheet Growth

Improving Profitability

Well Capitalized

§ Loans including Sharia financing up 20% yoy Rp. 121 tn. § Deposits including Sharia funding up 16% yoy to Rp. 129 tn. § Gross and Net NPL ratios improved to 1.0% and 0.3% from 1.3% and 0.4%, respectively, a year prior. § Consolidated total asset up 21% yoy to Rp. 167 tn, currently the seventh largest Bank in Indonesia

§ § § §

Net Interest Income up 7% yoy to Rp. 1.3 tn. Fee § Based Income up 11% yoy to Rp. 372 bn. Pre-Provision Operating Profit up 11% to Rp. 618 bn. Net Profit After Tax up 3% yoy to Rp. 367 bn.

§ CAR registered at 14.5% with tier-1 CAR of 9.8% (Bank only). § Shareholders’ equity grew 25% yoy to Rp. 16.0 trillion at end-March 2014, driven by Rights Issue in early 2014.

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Income Statement Highlights IDR bn

1Q14

1Q13

Δ YoY

Net Interest Income

1,284

1,200

7%

372

334

11%

Total Revenue

1,656

1,534

8%

Operating expenses

1,039

978

6%

Pre Provision Operating Profit

618

557

11%

Provision Expense

152

94

62%

Operating Profit

466

463

1%

30

14

116%

Profit Before Tax

495

477

4%

Net Profit After Tax

367

356

3%

Other Operating Income

Non Operating Income

Source: Permatabank Published Report - consolidated

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Balance Sheet Highlights

IDR bn

1Q14

1Q13

Total Assets

167,325

138,090

21%

Loans (gross)

121,077

100,684

20%

Deposits

129,161

111,626

16%

CASA

42,520

39,531

8%

Time Deposits

75,673

62,415

21%

Sharia

10,968

9,679

13%

Subordinated Debt

6,921

5,898

17%

Senior Bond

1,362

0

100%

16,035

12,839

25%

Equity

Δ YoY

Source: Permatabank Published Report - consolidated

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Key Ratios %

Δ YoY

1Q14

1Q13

3.4

4.2

(83)

LDR

93.5

89.9

357

CAR

14.5

16.2

(173)

ROA

1.2

1.4

(19)

ROE

10.9

13.2

(234)

NPL - Gross

1.0

1.3

(28)

NPL - Net

0.3

0.4

(10)

Net Interest Margin

(bps)

Source: Permatabank Published Report – Bank

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Good Profitability Net Profit Remains on the Upside Net Profit (IDR Bn) 1Q14

Return on Asset (ROA) (%) 1Q14

367

2013

1,726

2012 2011 2010

2013 2012 2011 2010

2013

1.5%

2012

1,368 1,157

1.7% 1.7%

2011 2010

1,011

Net Interest Margin (NIM) (%) 1Q14

1.2%

2.0%

Return on Equity (ROE) (%) 3.4%

1Q14 4.2%

2013 5.0% 5.1%

5.3%

2012 2011 2010

10.9%

15.7%

17.5% 15.9%

22.8% Source: Permatabank Published Report – Consolidated

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Sustainable Balance Sheet Growth Balanced growth on Both Assets and Liabilities Sides Total Asset (IDR Bn)

Loans (IDR Bn)

1Q14

167,325

1Q14

2013

165,834

2013

2012

131,799

2010

118,830

2012

101,324

2011

121,077

94,425 69,263

2011 2010

73,851

52,840

Deposits (IDR Bn) 1Q14

129,161

2013

132,765

2012

104,740 82,636

2011 2010

59,385 Source: Permatabank Published Report – Consolidated

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Optimalization of Intermediation Function Loan Diversification to Various Sectors

Loan Breakdown by Currencies (%)

Loan Breakdown by Economic Sectors (%)

Financial Brokerage 3%

Agriculture 3%

Others 5%

Personal Loans for mortgages, vehicles and others 21%

Construction 4%

FCY 21%

Transportation, Warehouse & Communication 7% Mining & Excavation 4%

Manufacturing 24% Real Estate, Leasing & Corporate Services 8% Wholesale & Retail Trading 21%

IDR 79%

Source: Permatabank Published Report – Consolidated

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Healthy Asset Quality and Strong Capitalization NPL Gross and Net Keep Decreasing Whilst CAR on the Upside NPL (%)

Capital Adequacy Ratio (CAR) (%)

2.7%

1Q14

14.5%

2.0%

2013

1.4% 1.0% 0.7%

1.0%

2012

0.6% 0.4%

0.3%

2011

2012

2013

14.1%

1Q14

2010 Gross NPL

15.9%

0.3%

2011 2010

14.3%

14.1%

Net NPL

Loan Based on Collectibility (%)

94.9%

4.1% 1.0% Current

Special Mention

NPL

Source: Permatabank Published Report – Bank

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PermataBank in Brief ♦

Brief History ♦

♦

Current position

♦ ♦

PermataBank was created by a merger of 5 banks in 2002 with Bank Bali and Bank Universal being the biggest and together accounting for roughly 80% + of the new institution. All five banks had been taken over by the government and the new institution was 100% owned by GOI. “Permata” was named by the then lady President, Ibu Megawati, and Permata in Bahasa means “jewel”. In October 2004, Standard Chartered Bank along with Astra International formed a consortium that took over a 51% stake in the Bank. They added further to that stake in December 2005 and then finally in October 2006 the Government fully divested and the consortium increased its stake to 89%.

PermataBank is a leading privately-owned national bank in Indonesia, seventh largest in the industry in terms of assets. PermataBank’s focus is very much on the Bank’s strengths as well as Indonesia’s historical strengths being the consumer and commercial segments. We provide a full range of innovative products and services which we continue to add to.

PermataBank is well positioned in a rapidly changing and challenging market.

Environment

Some of the key points regarding this are: ♦ Huge population of Indonesia. ♦ Member of G20 since 2009 – currently 16th largest GDP in the world ♦ Solid, high economic growth in Indonesia is likely to continue ♦ Interesting demographics - Rising middle class continue to support growth in consumption ♦ Consistently strong loan growth due to low credit penetration as percentage of GDP ♦ Improving political climate ♦ The Banking sector is still very much open to growth opportunities. 13

History PermataBank formed from 5 legacy banks

Current Ownership

Consortium 89%

44.56%

PT Bank Bali Tbk

PT Bank Universal Tbk

PT Bank Prima Express

PT Bank Artamedia

44.56%

PT Bank Patriot

Public 10.88% 14

Milestones ♦ As a leading private bank in Indonesia, PermataBank provides comprehensive and innovative products and services, especially in the area of high-tech delivery channels including Internet Banking and Mobile Banking. ♦ PermataBank is uniquely positioned in the Indonesian Banking industry, as the only Bank with Astra International and Standard Chartered Bank as its strategic shareholders, providing unparalleled opportunity for various synergy initiatives.

§ Merged with Bank

§ Established as a

private Bank in Indonesia under the name “PT Bank Persatuan Dagang Indonesia”.

§ IPO on JSX

& SSX

1957 1971

1990 1999

§ Indonesian Banks § Changed

name to PT Bank Bali

Universal, Bank Patriot, Bank Prima Express & Bank Artamedia to became PermataBank.

2002

§ Reverse stock split

§ USD 100mn 12NC7

§ IDR 1.75tn 7-yr § IDR 1.5tn Rights Issue VI. subordinated MTN Subordinated Debt II § IDR 1.368tn Senior Bonds issuance through private shareholding to issuance to public. and IDR 860bn Sub-Debt placement. Astra & SCB Standard Chartered issuance to public acted as principal buyers. § GEFI integration Bank & Astra International consortium. § Launching of Permata § For first time reached § Announced intent to By EOY, share Rp. 100tn in total acquire 25% of PT Astra Priority, an enhancement ownership increased to assets. Sedaya Finance of Permata Kencana. 63.1%.

§ GOI divestment of 52%

2003

§ Post Merger Integration,

asset restructuring, new Brand socialization, branch and human resource rationalization & product harmonization programs.

Restructuring Agency (IBRA), recapitalized the Bank and became the majority shareholder with § Open system banking 59.25% ownership platform deployment.

2004

2006

§ Consortium

2009

2010 2011

2012

2013 2014

§ IDR 700bn 10-yr bullet

subordinated MTN issuance. SCB acted as the sole § IDR 2tn Rights buyer. Issue and IDR 2.5tn Bonds § IDR 2tn Rights Issue. § 10NC5 Program to Consortium increased share Subordinated strengthen ownership to 89.03%. Debt I Offering to capital. General Public for § Completed acquisition of PT IDR 500bn GE Finance Indonesia increased share ownership to 89.01%.

§ Seventh largest

bank in terms of asset § Network footprint

reaches >300 branches in 60 cities nationwide 15

Two Majority Shareholders: A Perfect Combination The strong combination of our two majority shareholders, Astra International as a large-scale Indonesian company with extensive experience in the domestic market and Standard Chartered Bank as a wellrespected international bank with market leading expertise and global experience, has become one of our core strengths and placed us in a unique position.

General Public 44.56% • One of Indonesia’s largest Conglomerate with six business lines • Employs >185,000 people in >170 companies • Nationwide network reach • Local Insights • Vast Business Synergies • Best practices

44.56%

10.88%

• Leading international banking group • Worldwide network footprint in ~70 countries, predominantly in Asia, Africa and the Middle East. • Deep local experience • Knowledge in innovative products & services • Best practices in banking including risk, finance and compliance.

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What We Stand for Vision

Pelopor dalam memberikan solusi finansial yang inovatif To be the leader in delivering innovative financial solutions

Brand Promise

Menjadikan hidup lebih bernilai Adding value to life

Values Approach

Commitment to Stakeholders

Partnership

Responsiveness

Innovation

Caring

Excellence

Customer Focus

One Bank

Performance Delivery

Putting customers at the heart of our service

Working together as one winning team and adopting the mindset of ‘One Bank’ in delivering the best outcome for our customers

Continuously improving the way we work, delivering flawless execution and promoting a high performance culture through reward and recognition.

Customers

Our People

Communities

Shareholders

Regulators

Committed to exceed customers’ expectation.

Investing in our people and enabling them to learn and grow to make a difference.

Responsible and committed community member. Seek opportunities to support community development.

Delivering superior performance and return while developing a sustainable franchise.

Exemplary corporate governance and ethical standard in conducting our business.

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Core Strengths

Majority Shareholders with High Reputation Providing Vast Synergy Opportunities

Extensive Branch Network and Comprehensive Delivery Channel with eChannel Capabilities as Strong Differentiator

Various Products and Services Coupled with Service Excellence

Strong Risk Management

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Leveraging Our Core Strengths PermataBank has four core strengths which we believe give us a unique and sustainable competitive advantage in the Indonesian Banking Industry ♦

Extensive Branch Network and Comprehensive Delivery Channels

Various Products and Services and Service Excellence

Strong Risk Management

PermataBank has an extensive branch network and is continuously optimizing, expanding and leveraging through investments, which will strengthen its advantage in payments and distribution capabilities. ♦ By expanding its branch footprint, PermataBank is introducing its unique Banking services to more regional cities and more customers across Indonesia. ♦ This enhanced Branch Network is supported with the latest banking technology and gives the Bank wider accessibility to its customers. ♦ PermataBank has developed tremendous capabilities through its ATMs, Electronic Data capture (EDC) and mobile banking, hence strengthened the Bank's competitive positioning in the industry.

♦ ♦

PermataBank provides customers with a complete suite of innovative products and services to meet their needs. PermataBank is well recognized in the market for its culture of service excellence, which has been developed and leveraged over time. ♦ External recognitions for service excellence including first position among all industries at CSSL’s Annual Call Center Award for Service Excellence for outstanding service quality. ♦ ♦

PermataBank continuously build its capabilities in the areas of risk management The Bank’s Risk Management Framework (“RMF”) sets out the Bank’s approach to risk management and the control framework within which risks are managed and risk-return tradeoffs are made. ♦ PermataBank has applied a comprehensive risk management information system capable of identifying, measuring, monitoring and controlling risks of the Bank.

♦ ♦

Unique Main Shareholders

PermataBank has full unwavering support from its strategic shareholders: Standard Chartered Bank and Astra International. With Standard Chartered Bank, PermataBank clearly has a true international bank that provides an international network, international experience and know how, access to innovative products and services, systems, best practice across many disciplines and experienced bankers. ♦ With Astra, PermataBank has a dominant Indonesian corporate that brings true local insight and understanding to doing business in Indonesia. In addition, there are various synergy opportunities with Astra International.

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Risk Management – The Foundation of Growth Risk Management Framework: • All risk taking must be transparent, controlled and reported • PermataBank has identified 19 risk categories to be managed. These risk categories are managed through the Risk Management Framework which is described as follows:

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Strong Focus on Corporate Governance PermataBank’s corporate governance is intended to bring about corporate fairness, transparency and accountability Committees under the Board of Commissioners Risk Monitoring Committee

Audit Committee • Review the level of adequacy and effectiveness of internal control mechanisms. • Review the adequacy of measures taken by management to follow-up recommendations made by the internal and external auditors. • Review the quality of the internal audit function. • Assess the quality of the external auditor’s performance

♦ Evaluate the consistency between risk management policies and the implementation of policies. ♦ Perform monitoring and evaluation of the performance of duties by the Risk Management Committee and Risk Management Unit, to be recommended to the BOC.

Remuneration & Nomination Committee • Performs evaluation and provide recommendations to the BOC on remuneration policies and program to ensure competitiveness, long-term business success, shareholder interest and a strong pay-for-performance link • Preparing for and providing to the BOC recommendations on systems and procedures for selecting members of BOD and BOC to be proposed at GMS.

Committees under the Board of Directors Risk Management Committee

Credit Committee

IT Steering Committee

Credit Policy Committee

Human Resources and Pension Committee

Fraud Oversight Committee

Assets Liabilities Committee

This governance structure enhances the implementation of duties & responsibilities of the BOC and BOD 21

Board of Commissioners Cheng Teck Lim1)

Gunawan Geniusahardja2)

/President Commissioner/ Joined Standard Chartered Bank in 1989 and has since held a variety of strategic roles within Standard Chartered Group. Currently serves as Executive Vice Chairman and Chief Executive Officer of Standard Chartered Bank China.

/Deputy President Commissioner/ Joined PT. Astra International Tbk in 1981, served as Director of PT. Astra International Tbk since 2001. He currently serves as Commissioner and Director of various companies under the Astra International group.

Lukita Dinarsyah Tuwo

I. Supomo

/Independent Commissioner/ Joined the National Planning Agency (Bappenas) since 1987 and has held various positions in the agency before appointed as the Deputy Minister of Bappenas.

/Independent Commissioner/ Previously served as Managing Director at Bank BNI, Bank Mandiri and SEVP at Bank Dagang Negara. He currently serves as the Director at LPPI and Senior Administrator in ISEI and IBI.

David Allen Worth

A. Tony Prasetiantono

/Independent Commissioner/ Started his career in 1986 at the First interstate Bank in California, joined SCB in 1993 and has since held various senior positions in the field of trading and derivatives.

/Independent Commissioner/ Previously served as the Independent Comissioner of Bank Mandiri, Chief Economist of Bank BNI.and member of Information Committee at Lembaga Penjamin Simpanan. Today serves as a lecturer at the Faculty of Economics & Business and Director of the Center for Economic & Public Policy at Gadjah Mada University (UGM).

Mark Spencer Greenberg

Neeraj Swaroop

/Commissioner/ Currently serves as the Group Strategy Director, Jardine Matheson Holdings and Director of Jardine Matheson Limited, Dairy Farm, Hong kong Land, Mandarin Oriental and Commissioner of PT. Astra International Tbk.

/Commissioner/ An experienced international banker with over 20 years in various senior management positions. .

1) The appointment of Cheng Teck Lim as President Commissioner of the Bank is subject to regulatory approval 2) Gunawan Geniusahardja, who at the moment serves as the Vice President Commissioner of the Bank, will act as the Interim Officer In-charge of the President Commissioner of the Company starting from the closing of AGMS until the appointment of Cheng Teck Lim as President Commissioner of the Bank is effective.

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Board of Directors Roy Arman Arfandy1) 2)

Sandeep Kumar Jain

/Vice President Director/ Previously served as the Wholesale Banking Director in PermataBank. Having banking experience for more than 19 years including at Bank DBS Indonesia, Bank Mizuho, Bank Dai-chi Kangyo Indonesia, BDNI and Bank Danamon.

/Finance Director/ A senior international banker with 25 years of experience in many global strategic roles in Finance. Previously served as the Regional CFO of Europe and America at SCB.

Mirah Wiryoatmodjo

Michael A. Coye

/Compliance Director/ More than 22 years of experience in financial industry including banking especially in the areas of operations, risk and compliance. Previously served as Compliance Director at Citibank NA Indonesia.

/Risk Director/ More than 30 years of experience in various senior management positions at financial institutions including SCB and Citibank. Previously served as the Chief Risk Officer of SCB Taiwan.

Indri Koesindrijastoeti Hidayat

Tjioe Mei Tjuen

/HR Director/ Extensive experience in human resource management from past work experience including as the HR Director of PT. Rajawali Corporation. She also held various positions at IBM Indonesia, Freeport Indonesia, Keramika Indonesia Association, Citibank and Dexa Medica.

/Technology and Operations Director/ Over 30 years of experience in technology and operations, gained in wide-ranging senior appointments especially in the Indonesia banking industry. Previously served as Director of Operations at Bank Ekonomi Raharja.

Bianto Surodjo

Achmad Kusna Permana

/Retail Banking Director/ Previously served as Head, Wealth Management, Retail Liabilities Product & E-Channel. Extensive experience in banking from past work experience including in the ABN Amro Bank NV, Bank International Indonesia and Bank Barclays Indonesia

/Sharia Banking Director/ Previously served as the Head of Sharia Banking in PermataBank. More than 20 years of experience in various management positions in the banking industry including at Bank Bali, HSBC Indonesia and Bank Danamon.

1) The appointment of Roy Arman Arfandy as Vice President Director of the Bank is subject to regulatory approval 2) Roy Arman Arfandy also acts as the Interim Officer In-charge for the President Director of the Bank starting from the closing of Bank’s 2014 AGMS until the appointment of new President Director of the Bank by General Meeting of Shareholders and such appointment is approved by related regulator.

23

Implementation of Good Corporate Governance Implementation of duties & responsibilities by BOC & BOD

• Members of the BOC & BOD are very competence in their respective areas, as well as have the integrity and very good reputation. Oversight/ monitoring function, performed both directly and through the Committees.

• The BOC & BOD are highly committed to continuously enforce GCG practices in line the highest standards as reference for optimal governance and compliance.

Completeness and implementation of the duties of Committees

• The infrastructure and soft –structure are comprehensive and fully complimented with competence and independent of the Committee members to enable effective execution of duties.

• The Committees under the BOC & BOD have actively provided input or recommendation to support the performance of duties & responsibilities of the BOC&BOD

Performance of Compliance, Internal & External Auditor Function

• The Appointment of Compliance Director • Independency of Compliance and Internal Audit

Implementation of Risk Management including Internal Control System

• PermataBank has operated a comprehensive risk management system and is able to identify, measure, monitor & control Bank risks.

• Robust Internal control system through implementation of three layers of assurance.

Provision of Funds to Related Party & Large Exposure

• PermataBank continuously considers capacity of capital and distribution/ diversification of portfolio

• PermataBank persistently adheres to the prudential principle and risk management practices in providing funds, particularly lending to related parties and large exposures.

• Business Plan has been prepared in realistic manner, comprehensive and measurable conditions and with consideration to the prudential principle.

• The Business Plan had been approved by the BOC and communicated to the shareholders through the AGMS.

• Timely & accurate disclosure is made in material matters regarding the corporation, including the financial condition, performance, ownership, and governance

• Information disseminated to the public through publication of the Financial Report, Annual Report, web site, submission of corporate action through the Capital Market Supervisory Agency & Stock Exchange

Strategic Plan

Transparency in financial & non financial conditions

• Appointment of Public Accountant by GMS is based on Audit Committee’s recommendation with the purpose of providing assurance to all stakeholders that Financial Statement has fairly represented the financial condition and performance of PermataBank.

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Good Corporate Governance : Acknowledgements

Bank Indonesia

The result of Self Assessment on GCG implementation 2013 based on BI Regulation Composite Score :2 Composite Predicate : Good

Company with category “Trusted” 2013 Company with category “Trusted” 2007

Top 50 Listed Companies with the Highest Score for Corporate Governance Based on Asean Corporate Governance Scorecard Year 2014 The Best Corporate Governance 2013 category Best Equitable Treatment of Shareholders The Best Corporate Governance 2012 category Best Shareholders’ Rights

Ministry of Finance Republic Indonesia

Overall winner & 1st Place Winner – Listed Private Financial category – Annual Report Award 2008

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THANK YOU

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