Investor Presentation

PGAS Business Updates

Mandiri Investment Forum 2020
February 6, 2020

www.pgn.co.id
 About PGAS
1 Operation Highlight & Projection 2020
Dec 19 Operation Highlight | Operation Projection | Capex Projection

Table of 2
Company Overview
The Milestones | The Sub-Holding Co | Leadership |

Contents Business Portfolio | Business Structure | Gas Infrastructure

6M – 2019 Highlights

9M2019
3
Operational Performance
Distribution | Transmission | Other Downstream |
Upstream Lifting

9M2019
4
Financial Performance
Income Statement | Balance Sheet |
Cashflow | Financial Ratios | Debt Maturity Profile
2
Disclaimer & This document is not, and nothing in it should be construed as, an offer, invitation or recommendation in
respect of the Company’s credit facilities or any of the Company’s securities. Neither this presentation nor
Cautionary anything in it shall form the basis of any contract or commitment. This document is not intended to be relied
upon as advice to investors or potential investors and does not take into account the investment objectives,

Statement financial situation or needs of any investor.

The Company has prepared this document based on information available to it that have not been
independently verified. No representation or warranty, expressed or implied, is provided in relation to the
fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions
expressed herein. The information included in this presentation is preliminary, unaudited and subject to
revision upon completion of the Company’s closing and audit process.

This document may include forward-looking statements concerning the Company’s plans, objectives, goals,
strategies, future events, future performance, capital expenditures, business trend, and other information
that is not historical. When used in this document, the words “estimates”, “expects”, “anticipates”, “projects”,
“plans”, “intends”, “believes”, “predicts”, “forecasts”, or future or conditional verbs, such as “will”, “should”,
“could”, or “may” and variations of such words or similar expressions are intended to identify forward-looking
statements. All forward-looking statements, including, without limitation, management’s examination of
historical operating trends and data are based upon the Company’s expectation and various
assumptions. Future events or results may differ from those anticipated or expressed in these forward-
looking statements.
All forward-looking statements attributable to the Company or persons acting on its behalf apply only as of
the date of this document. The Company undertakes no obligation to update or revise forward-looking
statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of
unanticipated events.

3
December 2019 Operational Updates
 PGN and Pertagas recorded distribution volume of 837
Volumes Jan – Nov 2019 Jan – Dec 2019 Δ YoY % FY 2019 Targets BBTUD and 143 BBTUD, respectively, in Dec. vs. 911 and
Distribution*
160 BBTUD, respectively, in the prior month (or declined by
987 988 2.84 970 – 990 8.12% for PGN and 10.62% for Pertagas, respectively, MoM).
(BBTUD)
These declined were mainly contributed from lower gas
Transmission
(MMSCFD)
2,044 2,046 -2.64 2,070 – 2,100 consumption from power and industrial customers as a result
of pipeline maintenance works that delivered gas to Tanjung
Upstream Lifting 9.35 10.41** -27.33 10.50 – 11.00 Priok power plant in Dec. as well as Christmas and New
(MMBOE)
Year’s holidays.
Regasification 121 120 -3.81 125 – 130
(BBTUD)  Lower transportation volumes declined MoM by 0.26% to
LPG Processing 2,059 MMSCFD in Dec. mainly due to lower Pertagas’
722 716 -9.05 740-770
(TPD) volumes MoM from 1,299 MMSCFD in Nov. to 1,293
Oil Transportation MMSCFD in Dec.
3,401,539 3,746,265 0.89 4,361,069
(Barrel)
 O&G lifting in Dec. stood at 1.05 MMBOE or higher by
USD 200 - 250 Million * Incl. Processed Gas Volume of 39 BBTUD
~USD 219Million
-3% ** Lifting Vol. based on estimation
50.29% compared to the prior month mainly driven by higher
oil lifting volume in Dec. by 189.86% MoM to 8,255 bbl per
day mainly driven from Ketapang and Muara Bakau blocks.
48%
56%
 Other segments reflect Pertagas business contributions:
 YTD capex spending as of December 2019 - Regasification volumes MoM increased by 24.25% to 116
Upstream
reached US$218 million, US$121 million of BBTUD in Dec. due to higher gas consumption by PLN.
which was spent on upstream activities - LPG processing dropped by 3.38% from 673 TPD in Nov.
52%
44% and the remaining was spent on to 651 TPD in Dec. due to lowering production both in Perta
downstream midstream and supporting Samtan Gas and and MKS LPG plant.
businesses. - Oil transportation from Pertamina EP oil field in Central
FY2019 CAPEX Dec-19*** Ramba, South Sumatra, to Plaju refinery unit in South
*** Based on Estimation Sumatra recorded higher oil volumes 12.79% MoM to
Upstream 344,726 BOEPD.
Downstream, Midstream & Supporting
 Business Projections 2020*
Refocusing Core Business
CAPEX PLAN ($US Million) Projects/Programs Years
Operating Metrics Financial Indicator Upstream ~200 Developing Pangkah, Muara Bakau 2020-2021
and Ketapang
CAPEX 500-700 Midstream ~80 LNG Infrastructures 2020-2021
+3% +1% +6% ($US Million) • LNG Carrier/Vessel
Transmission (MMSCFD)***

29% • LNG Trucking

Upstream Lifting (MMBOE)

Distribution (BBTUD) **

• Revitalised Arun Tank

11%
Downstream ~360 • Java & Sumatra Distribution 2020-2021
1,369-1,377

• Customer Attachment

10.5-11.0
950-980

1,369
949

10.4
Upstream • Gressik – Semarang
219
55% Midstream Transmission
56% • Rokan Oil Pipeline
Downstream
3% Supporting ~35 2020
10%
32%
5% Supporting
FY19 FY20 FY19 FY20 FY19 FY20 Dec. 2019 FY20 Target
Target Target Target Actual Dec. ‘19 capex yet to be determined Macro Impacts Key Assumptions
** Excl. Processed Gas *** Excl. TGI & KJG • Weakening US Dollar against Rupiah • Exchange Rate USD/IDR : 14,400
• Lower electricity & industries consumption • Inflations : 3.1%
Processed Gas (Thousand Ton)****

• Tightening Government Policy • Oil Price (ICP): USD 63/barrel

+5% +5% -2%
Sales Volume Target • Industries Growth 2% - 3%
(Based on Customer Segment)
FY 2020E Business Focus • Stable Power Consumption
1%
Oil Transport (MMBOE)

Development of Infrastructures:
Regasification (BBTUD)

• Distribution Pipeline in Java and Sumatra

37% • Completion of Gas Transmission pipeline
3.50-3.65
120-126

65 - 67

FY2019 • Oil Transportation pipeline

3.74
120

64

1% 62%
Distribution expansion in key markets:
• Greater Medan Area
42%
58%
• Dumai-Riau
• Java (Centra Java, East Java, & West Java)
Power (PLN/IPP/PPU)
FY19 FY20 FY19 FY20 FY19 FY20 Industries/Commercials Notes:
Target Target Target * May be reviewed in anticipation of
City Gas 5
**** Excl. Perta Samtan implementing new industrial gas pricing
 About PGAS
PT Perusahaan Gas Negara Tbk (PGAS:IJ) the leading natural gas distribution and transportation player in Indonesia. PGAS continues to strengthen its position in the
market by gradually transforming into an integrated energy solution company, encouraging the use of natural gas.
PGAS is engaged in upstream oil and gas, midstream and downstream fields across the Indonesian peninsula. PGAS owns and operates natural gas pipelines in excess of more
than 10,000km in total length, covering c. 96% of the national natural gas pipeline network. PGAS’ upstream portfolio consist of 11 oil and gas blocks across the country, and 1
shale gas in Houston, US. PGAS has 2 FSRU’s (Lampung & West Java) and land based regasification facility in Arun. PGAS, through its downstream entities, serves more than
2,000 industrial and commercial customers.
PGAS become subsidiary of PT Pertamina (Persero) since 11 March 2018 as part of Government of Indonesia’s Oil & Gas Holding initiatives. With the acquisition of 51% stake
in PT Pertamina Gas (and its subsidiaries) on 28 December 2018, PGAS has officially been the Gas Sub-holding Company.

Company Overview
The Milestones | The Sub-Holding Co |
Leadership | Business Portfolio |
Business Structure | Gas Infrastructure |
6M – 2019 Highlights

www.pgn.co.id
The Milestones
1998
• Completion of Grissik –
Duri transmission pipeline
• Establishment of PT
Transportasi Gas Indonesia
(TGI) in 2002
2003
• Completion of Grissik-
Batam-Singapore
transmission pipeline
• Batam Distribution Network
in 2004
• Listed Company (“PGAS”)
2007
• Completion of SSWJ
transmission pipeline
• Establishment of PT PGAS
Telekomunikasi
Nusantara (PGASCOM)
2009
Establishment of O&M
subsidiary, PT PGAS
Solution
2010
Establishment of a JV
between Pertamina and
PGN: PT Nusantara Regas
2011
Establishement of upstream
subsidiary, PT Saka Energi
Indonesia and downstream
subsidiary PT Gagas Energi
Indonesia
2012
Establishment of PT PGN
LNG Indonesia
2014
• Estabalishment of PT
Permata Graha Nusantara,
a subsidiary in property
• Operation of FSRU
Lampung
2015 2017
Muara Bakau Block started
production and meet the
Completion of Kalija
target of natural gas lifting of
transmission pipeline by KJG
580 MMscfd to increase
domestic gas supply
2016 2018
Development of gas
distribution pipeline in Musi
Establishment of Oil & Gas
Banyuasin, Bandar
Holding
Lampung, DKI Jakarta and
Mojokerto.

Distribution (BBTUD) Revenue & EBITDA Capitalization

Transmission (MMSCFD ) (USD Million) (USD Million)
3,061 3,007

Total Equity Total Liabilities

960 971
2,814 3,472 3,664 3,873 4,044
4,737
1,600 3,870
1,591 1,591 1,505 3,253 3,571
3,069
2,935 2,812
802 802 803
2,101

772
2,036

2,875 3,023 3,170 4,310

3,202 3,278
789 789 797 733 1,115 951 1,085 1,201
807 725
2014 2015 2016 2017 2018 9M-2019 2014 2015 2016 2017 2018 9M-2019 2014 2015 2016 2017 2018 9M-2019

7
The Sub-Holding Co.

Vision
To be World Leading National Gas Company for a Sustainable
Future and National Energy Sovereignty.
1 Serie A

Mission
Conducting gas business in Midstream, Downstream, and Other
supporting businesses that committed to increasing value for all
43.04% stakeholders through:
Public
1. Providing gas and developing infrastructure to utilize gas as
56.96% energy and raw materials to create optimum value for the
benefit of customers and society;
2. Creating added value for shareholders and employees,
environmentally sound, has the advantage and prioritize
Credit Rating Moody’s S&P Fitch safety;
3. Carry out the principles of professional, responsible and
Indonesia Baa2 (Stable) BBB (Stable) BBB (Stable) sustainable management of the Company;
4. Organizing other businesses to support gas utilization and
Pertamina Baa2 (Stable) BBB (Stable) BBB (Stable) sustainable business management.

PGN Baa2 (Stable) BBB- (Stable) BBB- (Stable)

8
 Leadership
Board of Directors
President Director
Gigih Prakoso
• Previously served as Director of
Investment Planning and Risk
Management of PT Pertamina
(Persero)
• A PhD from the University of
Kentucky, Lexington, USA
Director of Human Capital &
General Services
Desima Equalita Siahaan
• Holds a Bachelor of Management
from University of Padjajaran
Bandung and Master of Marketing
at Oklahoma City University, USA.
• Served as HR and General Director
since May 4, 2017.
Director of Finance Director of Commerce
Arie Nobelta Kaban Dilo Seno Widagdo
• Holds a Master degree in
• Holds a Bachelor and Master
International Management from
degree from University of Gajah
University of Prasetya Mulya.
Mada.
• Serves as a Director of Commerce
• Previously served as Team Leader
since 30 August, 2019. Previously
Investigation in Corruption
served as Director of Infrastructure
Eradication Commission (KPK)
& Technology PT PGN Tbk
Director Infrastructure & Director of Strategy &
Technology Business Development
Redy Ferryanto Syahrial Mukhtar
• Holds a Master degree in International
• A Bachelor of Industrial Engineering
Management from University of Pelita
ITB, Magister of Management
Harapan/UPH (Harvard University
University of Gajah Mada and Doctor of
Class).
Management Strategic University of
• Serves as a Director since August 30,
Indonesia
2019. Previously served as the Director
• Previously served as Corporate
of Operational & Development PT
Energi Management Indonesia
Secretary PT. Pertamina (Persero)
Board of Commissioners
President Commissioner Independent Commissioner Independent Commissioner
Arcandra Tahar Kiswodarmawan Paiman Raharjo
• A Bachelor of Civil Engineering from • A Master of Economic
• Master and Ph.D. of Ocean ITS, Surabaya. Previously served as Administration from the University
Engineering – Texas A&M University Managing Director of Adhi Karya of Prof. Dr. Moestopo and Doctor of
• Serves as President Commissioner (Persero) Tbk Administrative Sciences from
since 21 January 2020. Previously • Having no affiliation with other Padjajaran University
served as Vice Minister Energy and members of the Board of Directors and • Having no affiliation with members
Mineral Resources of Republic of the Board of Commissioners, as well as of the Board of Directors and other
Indonesia (2016 –2019) majority and/or controlling members of the Board of
shareholders Commissioners, as well as major
shareholders and/or controllers.
Independent Commissioner Commissioner Commissioner
Christian H. Siboro Mas’ud Khamid Luky Alfirman
• A Master of Business Administration & • A Bachelor in Physics from ITS
Management from PPM Graduate Surabaya • A MA and PhD in Economic, University
of Colorado
School of Management and Paris • Having an affiliation with PT
• Having an affiliation with the Republic
School of Business. Pertamina (Persero) as the controlling
of Indonesia as the controlling
• Having no affiliation with members of shareholder, in his position as Director
shareholder, in his position as General
the Board of Directors and other of Retail PT Pertamina (Persero).
Director of Funding & Risk in Ministry
members of the Board of • Previously served as Director of
of Finance
Commissioners, as well as major Consumer Service PT Telkom
9
shareholders and/or controllers. (Persero) Tbk
 Business Portfolio
Sub Holding Gas

UPSTREAM MIDSTREAM DOWNSTREAM

Through TGI, KJG and Pertagas, PGN

Oil and Gas Production
Natural gas reserves in Indonesia are
larger than oil. Saka Energi Indonesia is
subsidiary of PGN that has business
activities in the upstream business
maintain a very high reliability and
operational infrastructure security.
FSRU converts LNG into high-quality
natural gas. PGN has 2 (two) FSRUs
namely FSRU lampung and FSRU West Gas Transport Module (Gas Link) Commercial Customers
Java and also land base regasification Gas Link is a solution for chanelling natural MRU is the solution for natural gas
facility in Arun through Pertagas gas to location that are not connected to a filling station for trantation using
gas pipeline CNG technology

0 > > > >

Power Plants Commercial Customer
Power plant made from gas Efficiency and reliability are
fuel is more environment important factor in
friendly compared to oil distributing energy to
fuel or coal commercial customers. PGN
in this case can fulfil these
needs
Household Customer
PGN has distributed gas to
more that 300,000 household
customers in 52
cities/regencies all over
Indonesia
Gas Filling Station Industrial Sector
(SPBG) and Mobile Indonesia’s growth is driven by
the growth of its industrial
Refueling Unit (MRU) sector. PGN continues trying to
Subsidiary, Gagas Energi
encourage fuel usage efficiency
Indonesia operates 16 SPBG
by distributing natural gas to
at 11 cities in Java and
various industrial area in
Sumatra
Indonesia

10
Business Structure
PGN Group

11
11
Gas Infrastructure
Market Development

Reliability : 99.88%

 Distribution Pipeline ±5,376 km

 Transmission Pipeline ±4,818 km
 LNG Infrastructure 2 FSRUs, 1 Land-based Regas Facility
 CNG Infrastructure 12 SPBG, 4 MRUs
 LPG Infrastructure 3 Processing Plants
 9M–2019
Highlights
-23%
0% -2% -1%
-6%
-36%

10.5-11.0
MMBOE
2,070- 2,100

4,361,069
MMSCFD
970- 990
BBTUD

125- 130

740- 770

Barrel
BBTUD
2,036
OPERATING 971

TPD

731
118
8.1
METRICS

2,780,956
FY2019 DISTRIBUTION FY2019 TRANSMISSION FY2019 UPSTREAM FY 2019 REGASIFICATION FY 2019 PROCESSED FY 2019 OIL
Target VOLUME Target VOLUME Target LIFTING Target Target GAS Target TRANSPORTATION
Guideline Guideline Guideline Guideline Guideline Guideline

200 - 250

Revenue 2,812 -42%

48%

131
FINANCIAL EBITDA 725
INDICATORS
(USD Million) Total Asset 7,322 71%
52%

Equity 3,278 Upstream

29% Downstream, Midstream & Supporting
FY2019 CAPEX 9M-2019 13
 9M2019
Operational
Performance
Distribution | Transmission |
Other Downstream | Upstream Lifting

www.pgn.co.id
 9M–2019
Operational Highlights: Distribution Volume (BBTUD)

Distribution Wood
Lifting Oil
0,02%
0,25%

Distribution Volume
+1% Cement 0,30%
CNG 1,16% Industrial Consumtption
(BBTUD) 960 958 971 Textile to Total Sales Volume
1,53%

634
39

614

604
42 42
865

585

583
Basic Metal 2,57%

542
802 803 772 Paper 3,88%
Glass 4,00%

139
136

133
130

130

130

129
119
Fabricated Metal 5,35%

100
89 81 84 90 98
Others 6,41% 2014 2015 2016 2017 2018 9M-2019
5 Biggest Segment
Ceramic 8,34% Regional Distribution
Food 8,37%
Chemical 13,51% RD 1 : Jakarta, Bogor, Bekasi, Karawang, Tangerang, Cilegon,
Lampung, Palembang, and Cirebon
Power Plant 39,72% RD 2 : Surabaya, Sidoarjo, Pasuruan, Semarang, Tarakan, and Sorong
2014 2015 2016 2017 2018 30-Sep-18 30-Sep-19
RD 3 : Medan, Batam, Pekanbaru, and Dumai.
Processed Gas Pertagas
PGN’s ASP vs Other Energy Trend of Industrial Consumption Number of Customers Length of Distribution Pipeline (KM)
Natural Gas (PGN’s Avg.) 8.50 (BBTUD)
567 560
MFO +125% 19.14 541
502
MDF/IDO (Diesel) +163% 22.39 473 469 479
TOTAL
Kerosene +176% 23.47 371,941

3,278
3,270
3,184
3,052
2,984
HSD (Solar) +196% 25.16

2,528
386
RON 88 +174% 23.32 357 351
345
324 327

1,232
1,221
1,209
19.74

1,172
LPG - 50 kg +132% 286

1,007

859
845
777
768

770
751
724
LPG - 12 kg +163% 22.39
Households 367,965
LPG - 3 kg 9.16 Small Businesses 1,508 8 8
2014 2015 2016 2017 2018 9M-2019
Coal 2.62 Retail (Non-Power) Power Industries & Commercials 2,468
USD/IDR : 14,245
-69% As of 30 Sep 2019 15
9M–2019
Operational Highlights:
Transmission Other Downstream

-3%
Transmission Volume 2,101 2,094 2,036 Oil Transportation (BPD) Regasification (BBTUD) Gas Processing (TPD)
(MMSCFD) 25 25 15
47 51 26

654 641 657 -1% -3% -5%

10,246 10,187 122 773
118 731

851
789 797
733 538
1,375 1,377 1,338 546

205
2014 2015 2016 2017 2018 30-Sep-18 30-Sep-19 171
29 14
9M-2018 9M-2019 9M-2018 9M-2019 9M-2018 9M-2019
TGI  Total Length: ± 1,000 km
Pertagas
 Total Length: ± 2,466 km LPG Perta Samtan (Pertagas’ shares 66%)
 Off-taker: CPI, Gas Supply Pvt. Ltd., PGN, PLN  Transmission Revenue LPG MKS (60%)
 Profit from JV
LPG Pondok Tengah
PGN  Total Length: ±1,145 km (incl. SSWJ) KJG  Total Length: ± 200 km
 Off-taker: PLN, BBG  Off-taker : PLN
 Transmission Revenue  Finance Lease Revenue

16
9M–2019
Operational Highlights: Pangkah
SES
Ketapang
Muriah
Sanga-Sanga

Upstream Lifting Fasken Bangkanai

Muara Bakau

Oil Gas Lifting (BOEPD)

Crude Oil (MMBBL) Gas (BBTU) LNG (BBTU) LPG (MT)
-27%
40,552 -35% -29% -16% -16%
Oil
2.2 33,470 16,013 25,169
Gas
8,232 LNG
LPG 9,367 13,457 21,095
0.8

29,622 23,621
1,097
1.5
5,309 5,724
0.4 14,034
23,260
0.8 14,716
21,138

0.7 13,413
14,918
1,991
0.7 2,533
0.4 1,382 1,891
1,293 1,979
2,383 1,909
1,299
9M-2018 9M-2019 9M-2018 9M-2019 9M-2018 9M-2019 9M-2018 9M-2019
10,113
8,499

1,069 896
9M-2018 9M-2019 17
 9M2019
Financial
Performance
Income Statement | Balance Sheet |
Cashflow | Financial Ratios

www.pgn.co.id
9M–2019 Revenue Contribution EBITDA Contribution

Financial Highlights: Upstream

Others
6% Upstream
Consolidated Income Statement 10% 23%

30 Sep 2018 (As restated) 77%

84%
30 Sep 2019 (Unaudited)
Distribution & Transmission Distribution, Transmission & Others

(USD Million)

2,890 Revenue 30 September 30 September

2,812
(USD Million) 2018 2019

Gas Distribution 2,103 2,182

Gas Transmission 167 181

1,917 1,925
Oil Transportation 20 15

E&P 442 292

Fiber Optic 10 12
972 Finance Lease 31 16
887 903
725 98 81
Gas Processing
495
407 Others 19 32
244
129
Total 2,890 2,812
Revenue Cost of Gross Profit Operating Net Income EBITDA
Revenue Income 19
9M–2019
Financial Highlights:
Consolidated Balance Sheet Consolidated Cashflow

31 Dec 2018 (Audited) Cash Flow 30 Sep 2018 30 Sep 2019

30 Sep 2019 (Unaudited) 7,939 (ÙSD Million) (As restated) (Unaudited)
7,322 Beginning Balance 1,140 1,315
(USD Million)
Cash flow from operating 727 867

Cash flow from investment (81) (879)

5,466
5,188
Cash flow from financing 32 (345)
4,737

4,044 Foreign Exchange Impact (42) 5

Ending Balance 1.776 964

3,133 3,202 3,278
2,961
2,474
2,134 Financial Ratios 31 Dec 2018 30 Sep 2019
1,605
1,083 EBITDA Margin 26% 26%
EBITDA /Interest Expense (x) 6.7 5.7
Debt-to-Equity (x) 1.1 0.8

Current Non Current Total Assets Current Non Current Total Total Equity Net Debt/EBITDA (x) 2.1 2.5
Assets Assets Liabilities Liabilities Liabilities Gross Debt/EBITDA (x) 3.4 3.8

20
9M–2019 Debt Maturity Profile*
(USD Million)
Interest Payment*
(USD Million)
Debt Profile 19 19
19
16 21
25
9 6
21
5
12 4
5 2 5

31
19

179

821 328 35
1,975 117 117
117
Total Loan 71 71
117 117
117
44
USD 2.76 Billion
Commercial & Multilateral Loan
Weighted Average Interest Rate 4.36% 70 Shareholder Loan
(Excl. Tax) 26 8 Bonds 2
2019E 2020E 2021E 2022E 2023E 2024E >2025E** 2019E 2020E 2021E 2022E 2023E 2024E >2025E**

13% Currency Forecast Interest Rate Forecast (%)

USD JPY 14,600 106 7.00 1.70
14,400 105 6.80
6.60 1.65
14,200 104
6.40
14,000 103 1.60
6.20
13,800 102 6.00 1.55
13,600 101 5.80
13,400 100 5.60 1.50
87% 2019E 2020E 2021E 2022E 2023E 2024E >2025E 2019E 2020E 2021E 2022E 2023E 2024E >2025E
USD-IDR USD-JPY (Source: Bloomberg & Moving Average Forecast) LIBOR-3M LIBOR-6M JIBOR-6M

Fixed
15% Entities PGN SAKA Pertagas*** PGAS Solution
Float
Lender EIB JBIC IBRD Bank Mandiri Bond Bond SHL Bank Mandiri

Loan Amount 70,000,000 JPY 49,088,000,000 69,381,312 350,000,000 1,350,000,000 625,000,000 549,106,589 7,055,171
(USD) (IDR 100,000,000,000)

Outstanding 4,750,674 346,520,470 31,848,896 150,000,000 246,207,747 7,055,171

85% (USD)

Maturity 2020 2043 2026 2020 2024 2024 2028 2020

*) The amount stated above may differ due to loan prepayment and/or withdrawal, currency and rate volatility
**) PGN’s Long Term Loan (JBIC, Maturity 2043), Pertagas Shareholder Loan (Maturity 2028)
***) Pertagas Shareholder Loan is lended by PT Pertamina (Persero)
21
 HEADQUARTER
Jl. K.H. Zainul Arifin No. 20, Jakarta, Indonesia

Investor Relations:
PT Perusahaan Gas Negara Tbk
Mid Tower Manhattan 26th Floor
Jl. TB Simatupang Kav. 1-S, Jakarta, Indonesia
Email: investor.relations@pgn.co.id
Phone: +62 21 8064 1111

www.pgn.co.id