ADIWISATA

2022-2024 Forecast
Original

Generated July 5, 2022

Revenue

Revenue 2022 2023 2024

Ticket & Hotel IDR900M IDR5B IDR6B

Unit Sales 600 3,350 4,000
Unit Prices IDR1.5M IDR1.5M IDR1.5M

Umroh & Hajj IDR80M IDR550M IDR600M

Unit Sales 80 550 600
Unit Prices IDR1M IDR1M IDR1M

Golf Event IDR360M IDR1.7B IDR2B

Unit Sales 80 380 450
Unit Prices IDR4.5M IDR4.5M IDR4.5M

Tour & MICE / Pax IDR4.5B IDR21.6B IDR22.5B

Unit Sales 600 2,875 3,000
Unit Prices IDR7.5M IDR7.5M IDR7.5M

Sunset FIVE IDR227.5M IDR455M IDR546M

Unit Sales 500 1,000 1,200
Unit Prices IDR455K IDR455K IDR455K

Totals IDR6.1B IDR29.3B IDR31.7B

ADIWISATA: 2022-2024 Original Page 1 of 28

Direct Costs

Direct Costs 2022 2023 2024

Ticket & Hotel IDR855M IDR4.8B IDR5.7B

Golf Event IDR336M IDR1.6B IDR1.9B

Tour & MICE IDR3.4B IDR16.2B IDR16.9B

Marketing fee Tour & Mice IDR225M IDR1.1B IDR1.1B

Sunset Five IDR159.3M IDR318.5M IDR382.2M

Totals IDR5B IDR23.9B IDR26B

ADIWISATA: 2022-2024 Original Page 2 of 28

Personnel

Personnel 2022 2023 2024

Head Count 2.82 11 17

Average Salary IDR61.7M IDR67.6M IDR70.6M
Revenue Per Employee IDR2.2B IDR2.7B IDR1.9B
Net Pro t Per Employee IDR267.5M IDR371.9M IDR229M

Personnel Expenses IDR208.8M IDR892.8M IDR1.4B

Salaries and Wages IDR174M IDR744M IDR1.2B
Komisaris Utama (0.78) IDR20M IDR60M IDR60M
Direktur Utama (0.83) IDR42M IDR84M IDR84M
Directors (0.83) IDR36M IDR72M IDR72M
Staff Ticketing (3.19) IDR32.5M IDR225M IDR468M
Staff Hotel & MICE (3.19) IDR26.5M IDR189M IDR396M
Staff Marketing (1.44) IDR17M IDR114M IDR120M
Employee-Related Expenses IDR34.8M IDR148.8M IDR240M

Totals IDR208.8M IDR892.8M IDR1.4B

ADIWISATA: 2022-2024 Original Page 3 of 28

Expenses

Expenses 2022 2023 2024

Renew Corporate Lisence IDR8M

Of ce Rent IDR8M IDR24M IDR24M

Listrik/Telepon/Internet IDR10M IDR30M IDR30M

Of ce Supplies IDR3M IDR6M IDR6M

Of ce Tools IDR3M IDR6M IDR6M

ATK IDR6M IDR12M IDR12M

Membership ASITA IDR26M IDR12M

Entertain/Advertising/Branding IDR65M IDR180M IDR180M

Travel Expenses IDR21M IDR36M IDR36M

Petty Cash IDR30M IDR60M IDR60M

Totals IDR154M IDR380M IDR366M

ADIWISATA: 2022-2024 Original Page 4 of 28

Projected Pro t & Loss (1 of 2)

Projected Pro t & Loss 2022 2023 2024

Revenue IDR6.1B IDR29.3B IDR31.7B

Ticket & Hotel IDR900M IDR5B IDR6B
Unit Sales 600 3,350 4,000
Unit Prices IDR1.5M IDR1.5M IDR1.5M
Umroh & Hajj IDR80M IDR550M IDR600M
Unit Sales 80 550 600
Unit Prices IDR1M IDR1M IDR1M
Golf Event IDR360M IDR1.7B IDR2B
Unit Sales 80 380 450
Unit Prices IDR4.5M IDR4.5M IDR4.5M
Tour & MICE / Pax IDR4.5B IDR21.6B IDR22.5B
Unit Sales 600 2,875 3,000
Unit Prices IDR7.5M IDR7.5M IDR7.5M
Sunset FIVE IDR227.5M IDR455M IDR546M
Unit Sales 500 1,000 1,200
Unit Prices IDR455K IDR455K IDR455K

Direct Costs IDR5B IDR23.9B IDR26B

Ticket & Hotel IDR855M IDR4.8B IDR5.7B
Golf Event IDR336M IDR1.6B IDR1.9B
Tour & MICE IDR3.4B IDR16.2B IDR16.9B
Marketing fee Tour & Mice IDR225M IDR1.1B IDR1.1B
Sunset Five IDR159.3M IDR318.5M IDR382.2M

Gross Margin IDR1.1B IDR5.4B IDR5.7B

Gross Margin % 18% 18% 18%

Operating Expenses IDR362.8M IDR1.3B IDR1.8B

Salaries & Wages IDR174M IDR744M IDR1.2B
Komisaris Utama (0.78) IDR20M IDR60M IDR60M
Direktur Utama (0.83) IDR42M IDR84M IDR84M
Directors (0.83) IDR36M IDR72M IDR72M
Staff Ticketing (3.19) IDR32.5M IDR225M IDR468M
Staff Hotel & MICE (3.19) IDR26.5M IDR189M IDR396M
Staff Marketing (1.44) IDR17M IDR114M IDR120M
Employee Related Expenses IDR34.8M IDR148.8M IDR240M
Renew Corporate Lisence IDR8M
Of ce Rent IDR8M IDR24M IDR24M
Listrik/Telepon/Internet IDR10M IDR30M IDR30M
Of ce Supplies IDR3M IDR6M IDR6M

continued on next page...

ADIWISATA: 2022-2024 Original Page 5 of 28

Projected Pro t & Loss (2 of 2)
...continued from previous page

Projected Pro t & Loss 2022 2023 2024

Of ce Tools IDR3M IDR6M IDR6M

ATK IDR6M IDR12M IDR12M
Membership ASITA IDR26M IDR12M
Entertain/Advertising/Branding IDR65M IDR180M IDR180M
Travel Expenses IDR21M IDR36M IDR36M
Petty Cash IDR30M IDR60M IDR60M

Operating Income IDR754.5M IDR4.1B IDR3.9B

Income Taxes IDR0 IDR0 IDR0

Total Expenses IDR5.3B IDR25.2B IDR27.8B

Net Pro t IDR754.5M IDR4.1B IDR3.9B

Net Pro t % 12% 14% 12%

ADIWISATA: 2022-2024 Original Page 6 of 28

Projected Balance Sheet

Projected Balance Sheet 2022 2023 2024

Assets IDR754.5M IDR4.8B IDR8.7B

Current Assets IDR754.5M IDR4.8B IDR8.7B
Cash IDR754.5M IDR4.8B IDR8.7B
Accounts Receivable IDR0 IDR0 IDR0

Liabilities & Equity IDR754.5M IDR4.8B IDR8.7B

Liabilities IDR0 IDR0 IDR0
Current Liabilities IDR0 IDR0 IDR0
Accounts Payable IDR0 IDR0 IDR0
Income Taxes Payable IDR0 IDR0 IDR0
Sales Taxes Payable IDR0 IDR0 IDR0
Equity IDR754.5M IDR4.8B IDR8.7B
Retained Earnings IDR754.5M IDR4.8B
Earnings IDR754.5M IDR4.1B IDR3.9B

ADIWISATA: 2022-2024 Original Page 7 of 28

Projected Cash Flow

Projected Cash Flow 2022 2023 2024

Net Cash from Operations IDR754.5M IDR4.1B IDR3.9B

Net Pro t IDR754.5M IDR4.1B IDR3.9B
Change in Accounts Receivable IDR0 IDR0 IDR0
Change in Accounts Payable IDR0 IDR0 IDR0
Change in Income Tax Payable IDR0 IDR0 IDR0
Change in Sales Tax Payable IDR0 IDR0 IDR0

Cash at Beginning of Period IDR0 IDR754.5M IDR4.8B

Net Change in Cash IDR754.5M IDR4.1B IDR3.9B

Cash at End of Period IDR754.5M IDR4.8B IDR8.7B

ADIWISATA: 2022-2024 Original Page 8 of 28

Revenue: 2022 (1 of 2)

Revenue Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Ticket & Hotel IDR75M IDR75M IDR150M IDR300M IDR300M IDR900M

Unit Sales 50 50 100 200 200 600
Unit Prices IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M

Umroh & Hajj IDR0 IDR0 IDR20M IDR30M IDR30M IDR80M

Unit Sales 0 0 20 30 30 80
Unit Prices IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M

Golf Event IDR45M IDR45M IDR90M IDR90M IDR90M IDR360M

Unit Sales 10 10 20 20 20 80
Unit Prices IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M

Tour & MICE / Pax IDR750M IDR750M IDR750M IDR1.1B IDR1.1B IDR4.5B
Unit Sales 100 100 100 150 150 600
Unit Prices IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M

Sunset FIVE IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR227.5M

Unit Sales 100 100 100 100 100 500
Unit Prices IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K

continued on next page...

ADIWISATA: 2022-2024 Original Page 9 of 28

Revenue: 2022 (2 of 2)
...continued from previous page

Revenue Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Totals IDR915.5M IDR915.5M IDR1.1B IDR1.6B IDR1.6B IDR6.1B

ADIWISATA: 2022-2024 Original Page 10 of 28

Revenue: 2023 (1 of 2)
Revenue Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Ticket & Hotel IDR37.5M IDR37.5M IDR300M IDR450M IDR450M IDR450M IDR600M IDR600M IDR600M IDR600M IDR600M IDR300M IDR5B
Unit Sales 25 25 200 300 300 300 400 400 400 400 400 200 3,350
Unit Prices IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M

Umroh & Hajj IDR0 IDR0 IDR50M IDR50M IDR70M IDR70M IDR70M IDR0 IDR0 IDR80M IDR80M IDR80M IDR550M
Unit Sales 0 0 50 50 70 70 70 0 0 80 80 80 550
Unit Prices IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M

Golf Event IDR0 IDR0 IDR90M IDR135M IDR135M IDR135M IDR180M IDR180M IDR180M IDR225M IDR225M IDR225M IDR1.7B
Unit Sales 0 0 20 30 30 30 40 40 40 50 50 50 380
Unit Prices IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M

Tour & MICE / Pax IDR0 IDR0 IDR1.9B IDR1.9B IDR2.3B IDR2.3B IDR2.3B IDR2.6B IDR2.6B IDR2.6B IDR3B IDR187.5M IDR21.6B
Unit Sales 0 0 250 250 300 300 300 350 350 350 400 25 2,875
Unit Prices IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M

Sunset FIVE IDR0 IDR0 IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR455M

Unit Sales 0 0 100 100 100 100 100 100 100 100 100 100 1,000
Unit Prices IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K

continued on next page...

ADIWISATA: 2022-2024 Original Page 11 of 28

Revenue: 2023 (2 of 2)
...continued from previous page

Revenue Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Totals IDR37.5M IDR37.5M IDR2.4B IDR2.6B IDR3B IDR3B IDR3.1B IDR3.5B IDR3.5B IDR3.6B IDR4B IDR838M IDR29.3B

ADIWISATA: 2022-2024 Original Page 12 of 28

Direct Costs: 2022
Direct Costs Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Ticket & Hotel IDR71.3M IDR71.3M IDR142.5M IDR285M IDR285M IDR855M

Golf Event IDR42M IDR42M IDR84M IDR84M IDR84M IDR336M

Tour & MICE IDR562.5M IDR562.5M IDR562.5M IDR843.8M IDR843.8M IDR3.4B

Marketing fee Tour & Mice IDR37.5M IDR37.5M IDR37.5M IDR56.3M IDR56.3M IDR225M

Sunset Five IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR159.3M

Totals IDR745.1M IDR745.1M IDR858.4M IDR1.3B IDR1.3B IDR5B

ADIWISATA: 2022-2024 Original Page 13 of 28

Direct Costs: 2023
Direct Costs Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Ticket & Hotel IDR35.6M IDR35.6M IDR285M IDR427.5M IDR427.5M IDR427.5M IDR570M IDR570M IDR570M IDR570M IDR570M IDR285M IDR4.8B

Golf Event IDR0 IDR0 IDR84M IDR126M IDR126M IDR126M IDR168M IDR168M IDR168M IDR210M IDR210M IDR210M IDR1.6B

Tour & MICE IDR0 IDR0 IDR1.4B IDR1.4B IDR1.7B IDR1.7B IDR1.7B IDR2B IDR2B IDR2B IDR2.3B IDR140.6M IDR16.2B

Marketing fee Tour & Mice IDR0 IDR0 IDR93.8M IDR93.8M IDR112.5M IDR112.5M IDR112.5M IDR131.3M IDR131.3M IDR131.3M IDR150M IDR9.4M IDR1.1B

Sunset Five IDR0 IDR0 IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR318.5M

Totals IDR35.6M IDR35.6M IDR1.9B IDR2.1B IDR2.4B IDR2.4B IDR2.6B IDR2.9B IDR2.9B IDR2.9B IDR3.2B IDR676.9M IDR23.9B

ADIWISATA: 2022-2024 Original Page 14 of 28

Personnel: 2022
Personnel Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Head Count 2 4 4 5 5 7 7 2.82

Average Salary IDR5.5M IDR5.5M IDR5.6M IDR5.6M IDR5.1M IDR5.4M IDR61.7M
Revenue Per Employee IDR228.9M IDR183.1M IDR211.1M IDR227.2M IDR227.2M IDR2.2B
Net Pro t Per Employee (IDR5.5M) (IDR10.3M) IDR31M IDR22.5M IDR27.8M IDR31M IDR30.6M IDR267.5M

Personnel Expenses IDR26.4M IDR26.4M IDR33.6M IDR33.6M IDR43.2M IDR45.6M IDR208.8M

Salaries and Wages IDR22M IDR22M IDR28M IDR28M IDR36M IDR38M IDR174M
Komisaris Utama (0.78) IDR5M IDR5M IDR5M IDR5M IDR20M
Direktur Utama (0.83) IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR42M

Directors (0.83) IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR36M

Staff Ticketing (3.19) IDR5M IDR5M IDR5.5M IDR5.5M IDR5.5M IDR6M IDR32.5M
Staff Hotel & MICE (3.19) IDR4M IDR4M IDR4.5M IDR4.5M IDR4.5M IDR5M IDR26.5M
Staff Marketing (1.44) IDR8M IDR9M IDR17M
Employee-Related Expenses IDR4.4M IDR4.4M IDR5.6M IDR5.6M IDR7.2M IDR7.6M IDR34.8M

Totals IDR26.4M IDR26.4M IDR33.6M IDR33.6M IDR43.2M IDR45.6M IDR208.8M

ADIWISATA: 2022-2024 Original Page 15 of 28

Personnel: 2023
Personnel Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Head Count 11 11 11 11 11 11 11 11 11 11 11 11 11
Average Salary IDR5.5M IDR5.5M IDR5.5M IDR5.5M IDR5.5M IDR5.5M IDR5.8M IDR5.8M IDR5.8M IDR5.8M IDR5.8M IDR5.8M IDR67.6M
Revenue Per Employee IDR3.4M IDR3.4M IDR214.6M IDR232.3M IDR268.2M IDR268.2M IDR285.9M IDR313.7M IDR313.7M IDR325.1M IDR359.1M IDR76.2M IDR2.7B
Net Pro t Per Employee (IDR10.4M) (IDR9.1M) IDR32.5M IDR33.4M IDR42.1M IDR42.1M IDR42.6M IDR43M IDR43M IDR50.6M IDR57.4M IDR4.9M IDR371.9M

Personnel Expenses IDR72M IDR72M IDR72M IDR72M IDR72M IDR72M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR892.8M
Salaries and Wages IDR60M IDR60M IDR60M IDR60M IDR60M IDR60M IDR64M IDR64M IDR64M IDR64M IDR64M IDR64M IDR744M
Komisaris Utama (0.78) IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR60M
Direktur Utama (0.83) IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR84M

Directors (0.83) IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR72M
Staff Ticketing (3.19) IDR18M IDR18M IDR18M IDR18M IDR18M IDR18M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR225M

Staff Hotel & MICE (3.19) IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR189M

Staff Marketing (1.44) IDR9M IDR9M IDR9M IDR9M IDR9M IDR9M IDR10M IDR10M IDR10M IDR10M IDR10M IDR10M IDR114M
Employee-Related Expenses IDR12M IDR12M IDR12M IDR12M IDR12M IDR12M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR148.8M

Totals IDR72M IDR72M IDR72M IDR72M IDR72M IDR72M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR76.8M IDR892.8M

ADIWISATA: 2022-2024 Original Page 16 of 28

Expenses: 2022
Expenses Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Renew Corporate Lisence IDR8M IDR8M

Of ce Rent IDR2M IDR2M IDR2M IDR2M IDR8M

Listrik/Telepon/Internet IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR10M

Of ce Supplies IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR3M

Of ce Tools IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR3M

ATK IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR6M

Membership ASITA

Entertain/Advertising/Branding IDR5M IDR10M IDR10M IDR10M IDR15M IDR15M IDR65M

Travel Expenses IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR21M

Petty Cash IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR30M

Totals IDR11M IDR15M IDR20M IDR24.5M IDR24.5M IDR29.5M IDR29.5M IDR154M

ADIWISATA: 2022-2024 Original Page 17 of 28

Expenses: 2023
Expenses Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Renew Corporate Lisence

Of ce Rent IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR24M

Listrik/Telepon/Internet IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR30M

Of ce Supplies IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR6M

Of ce Tools IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR6M

ATK IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR12M

Membership ASITA IDR15M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR26M

Entertain/Advertising/Branding IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR180M

Travel Expenses IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR36M

Petty Cash IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR60M

Totals IDR44.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR30.5M IDR380M

ADIWISATA: 2022-2024 Original Page 18 of 28

Projected Pro t & Loss: 2022 (1 of 3)
Projected Pro t & Loss Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Revenue IDR915.5M IDR915.5M IDR1.1B IDR1.6B IDR1.6B IDR6.1B

Ticket & Hotel IDR75M IDR75M IDR150M IDR300M IDR300M IDR900M
Unit Sales 50 50 100 200 200 600
Unit Prices IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M
Umroh & Hajj IDR0 IDR0 IDR20M IDR30M IDR30M IDR80M
Unit Sales 0 0 20 30 30 80
Unit Prices IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M
Golf Event IDR45M IDR45M IDR90M IDR90M IDR90M IDR360M
Unit Sales 10 10 20 20 20 80
Unit Prices IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M
Tour & MICE / Pax IDR750M IDR750M IDR750M IDR1.1B IDR1.1B IDR4.5B
Unit Sales 100 100 100 150 150 600
Unit Prices IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M
Sunset FIVE IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR227.5M
Unit Sales 100 100 100 100 100 500
Unit Prices IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K

Direct Costs IDR745.1M IDR745.1M IDR858.4M IDR1.3B IDR1.3B IDR5B

continued on next page...

ADIWISATA: 2022-2024 Original Page 19 of 28

Projected Pro t & Loss: 2022 (2 of 3)
...continued from previous page

Projected Pro t & Loss Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Ticket & Hotel IDR71.3M IDR71.3M IDR142.5M IDR285M IDR285M IDR855M

Golf Event IDR42M IDR42M IDR84M IDR84M IDR84M IDR336M
Tour & MICE IDR562.5M IDR562.5M IDR562.5M IDR843.8M IDR843.8M IDR3.4B
Marketing fee Tour & Mice IDR37.5M IDR37.5M IDR37.5M IDR56.3M IDR56.3M IDR225M
Sunset Five IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR159.3M

Gross Margin IDR170.4M IDR170.4M IDR197.2M IDR289.6M IDR289.6M IDR1.1B

Gross Margin % 19% 19% 19% 18% 18% 18%

Operating Expenses IDR11M IDR41.4M IDR46.4M IDR58.1M IDR58.1M IDR72.7M IDR75.1M IDR362.8M

Salaries & Wages IDR22M IDR22M IDR28M IDR28M IDR36M IDR38M IDR174M
Komisaris Utama (0.78) IDR5M IDR5M IDR5M IDR5M IDR20M
Direktur Utama (0.83) IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR42M
Directors (0.83) IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR36M
Staff Ticketing (3.19) IDR5M IDR5M IDR5.5M IDR5.5M IDR5.5M IDR6M IDR32.5M
Staff Hotel & MICE (3.19) IDR4M IDR4M IDR4.5M IDR4.5M IDR4.5M IDR5M IDR26.5M
Staff Marketing (1.44) IDR8M IDR9M IDR17M
Employee Related Expenses IDR4.4M IDR4.4M IDR5.6M IDR5.6M IDR7.2M IDR7.6M IDR34.8M

continued on next page...

ADIWISATA: 2022-2024 Original Page 20 of 28

Projected Pro t & Loss: 2022 (3 of 3)
...continued from previous page

Projected Pro t & Loss Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Renew Corporate Lisence IDR8M IDR8M

Of ce Rent IDR2M IDR2M IDR2M IDR2M IDR8M
Listrik/Telepon/Internet IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR10M
Of ce Supplies IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR3M
Of ce Tools IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR3M
ATK IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR6M
Membership ASITA

Entertain/Advertising/Branding IDR5M IDR10M IDR10M IDR10M IDR15M IDR15M IDR65M

Travel Expenses IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR21M
Petty Cash IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR30M

Operating Income (IDR11M) (IDR41.4M)IDR124M IDR112.3M IDR139.1M IDR217M IDR214.6M IDR754.5M

Income Taxes IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Total Expenses IDR11M IDR41.4M IDR791.5M IDR803.2M IDR916.5M IDR1.4B IDR1.4B IDR5.3B

Net Pro t (IDR11M) (IDR41.4M) IDR124M IDR112.3M IDR139.1M IDR217M IDR214.6M IDR754.5M

Net Pro t % 14% 12% 13% 14% 13% 12%

ADIWISATA: 2022-2024 Original Page 21 of 28

Projected Pro t & Loss: 2023 (1 of 3)
Projected Pro t & Loss Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Revenue IDR37.5M IDR37.5M IDR2.4B IDR2.6B IDR3B IDR3B IDR3.1B IDR3.5B IDR3.5B IDR3.6B IDR4B IDR838M IDR29.3B
Ticket & Hotel IDR37.5M IDR37.5M IDR300M IDR450M IDR450M IDR450M IDR600M IDR600M IDR600M IDR600M IDR600M IDR300M IDR5B
Unit Sales 25 25 200 300 300 300 400 400 400 400 400 200 3,350
Unit Prices IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M IDR1.5M
Umroh & Hajj IDR0 IDR0 IDR50M IDR50M IDR70M IDR70M IDR70M IDR0 IDR0 IDR80M IDR80M IDR80M IDR550M
Unit Sales 0 0 50 50 70 70 70 0 0 80 80 80 550
Unit Prices IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M
Golf Event IDR0 IDR0 IDR90M IDR135M IDR135M IDR135M IDR180M IDR180M IDR180M IDR225M IDR225M IDR225M IDR1.7B
Unit Sales 0 0 20 30 30 30 40 40 40 50 50 50 380
Unit Prices IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M IDR4.5M
Tour & MICE / Pax IDR0 IDR0 IDR1.9B IDR1.9B IDR2.3B IDR2.3B IDR2.3B IDR2.6B IDR2.6B IDR2.6B IDR3B IDR187.5M IDR21.6B
Unit Sales 0 0 250 250 300 300 300 350 350 350 400 25 2,875
Unit Prices IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M IDR7.5M
Sunset FIVE IDR0 IDR0 IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR45.5M IDR455M

Unit Sales 0 0 100 100 100 100 100 100 100 100 100 100 1,000
Unit Prices IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K IDR455K

Direct Costs IDR35.6M IDR35.6M IDR1.9B IDR2.1B IDR2.4B IDR2.4B IDR2.6B IDR2.9B IDR2.9B IDR2.9B IDR3.2B IDR676.9M IDR23.9B

continued on next page...

ADIWISATA: 2022-2024 Original Page 22 of 28

Projected Pro t & Loss: 2023 (2 of 3)
...continued from previous page

Projected Pro t & Loss Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Ticket & Hotel IDR35.6M IDR35.6M IDR285M IDR427.5M IDR427.5M IDR427.5M IDR570M IDR570M IDR570M IDR570M IDR570M IDR285M IDR4.8B
Golf Event IDR0 IDR0 IDR84M IDR126M IDR126M IDR126M IDR168M IDR168M IDR168M IDR210M IDR210M IDR210M IDR1.6B
Tour & MICE IDR0 IDR0 IDR1.4B IDR1.4B IDR1.7B IDR1.7B IDR1.7B IDR2B IDR2B IDR2B IDR2.3B IDR140.6M IDR16.2B
Marketing fee Tour & Mice IDR0 IDR0 IDR93.8M IDR93.8M IDR112.5M IDR112.5M IDR112.5M IDR131.3M IDR131.3M IDR131.3M IDR150M IDR9.4M IDR1.1B
Sunset Five IDR0 IDR0 IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR31.9M IDR318.5M

Gross Margin IDR1.9M IDR1.9M IDR459.6M IDR470.1M IDR565.1M IDR565.1M IDR575.6M IDR580.6M IDR580.6M IDR663.6M IDR738.6M IDR161.2M IDR5.4B

Gross Margin % 5% 5% 19% 18% 19% 19% 18% 17% 17% 19% 19% 19% 18%

Operating Expenses IDR116.5M IDR102.5M IDR102.5M IDR102.5M IDR102.5M IDR102.5M IDR107.3M IDR107.3M IDR107.3M IDR107.3M IDR107.3M IDR107.3M IDR1.3B

Salaries & Wages IDR60M IDR60M IDR60M IDR60M IDR60M IDR60M IDR64M IDR64M IDR64M IDR64M IDR64M IDR64M IDR744M
Komisaris Utama (0.78) IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR60M
Direktur Utama (0.83) IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR7M IDR84M
Directors (0.83) IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR6M IDR72M
Staff Ticketing (3.19) IDR18M IDR18M IDR18M IDR18M IDR18M IDR18M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR19.5M IDR225M

Staff Hotel & MICE (3.19) IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR16.5M IDR189M

Staff Marketing (1.44) IDR9M IDR9M IDR9M IDR9M IDR9M IDR9M IDR10M IDR10M IDR10M IDR10M IDR10M IDR10M IDR114M
Employee Related Expenses IDR12M IDR12M IDR12M IDR12M IDR12M IDR12M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR12.8M IDR148.8M

continued on next page...

ADIWISATA: 2022-2024 Original Page 23 of 28

Projected Pro t & Loss: 2023 (3 of 3)
...continued from previous page

Projected Pro t & Loss Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Renew Corporate Lisence

Of ce Rent IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR2M IDR24M
Listrik/Telepon/Internet IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR2.5M IDR30M
Of ce Supplies IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR6M
Of ce Tools IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR500K IDR6M
ATK IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR12M
Membership ASITA IDR15M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR1M IDR26M
Entertain/Advertising/Branding IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR15M IDR180M
Travel Expenses IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR3M IDR36M
Petty Cash IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR5M IDR60M

Operating Income (IDR114.6M)

(IDR100.6M)
IDR357.1M IDR367.6M IDR462.6M IDR462.6M IDR468.4M IDR473.4M IDR473.4M IDR556.4M IDR631.4M IDR53.9M IDR4.1B

Income Taxes IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Total Expenses IDR152.1M IDR138.1M IDR2B IDR2.2B IDR2.5B IDR2.5B IDR2.7B IDR3B IDR3B IDR3B IDR3.3B IDR784.1M IDR25.2B

Net Pro t (IDR114.6M)(IDR100.6M)IDR357.1M IDR367.6M IDR462.6M IDR462.6M IDR468.4M IDR473.4M IDR473.4M IDR556.4M IDR631.4M IDR53.9M IDR4.1B

Net Pro t % (306%) (268%) 15% 14% 16% 16% 15% 14% 14% 16% 16% 6% 14%

ADIWISATA: 2022-2024 Original Page 24 of 28

Projected Balance Sheet: 2022
Projected Balance Sheet Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Assets (IDR11M) (IDR52.4M)IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M

Current Assets (IDR11M) (IDR52.4M)IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M

Cash (IDR11M) (IDR52.4M) IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M
Accounts Receivable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Liabilities & Equity (IDR11M) (IDR52.4M)IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M
Liabilities IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Current Liabilities IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Accounts Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Income Taxes Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Sales Taxes Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Equity (IDR11M) (IDR52.4M)IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M

Retained Earnings

Earnings (IDR11M) (IDR52.4M) IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M

ADIWISATA: 2022-2024 Original Page 25 of 28

Projected Balance Sheet: 2023
Projected Balance Sheet Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Assets IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B
Current Assets IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B
Cash IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B
Accounts Receivable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Liabilities & Equity IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B
Liabilities IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Current Liabilities IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Accounts Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Income Taxes Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Sales Taxes Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Equity IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B
Retained Earnings IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M IDR754.5M

Earnings (IDR114.6M)(IDR215.3M)IDR141.9M IDR509.6M IDR972.2M IDR1.4B IDR1.9B IDR2.4B IDR2.8B IDR3.4B IDR4B IDR4.1B IDR4.1B

ADIWISATA: 2022-2024 Original Page 26 of 28

Projected Cash Flow: 2022
Projected Cash Flow Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 2022

Net Cash from Operations (IDR11M) (IDR41.4M)IDR124M IDR112.3M IDR139.1M IDR217M IDR214.6M IDR754.5M
Net Pro t (IDR11M) (IDR41.4M) IDR124M IDR112.3M IDR139.1M IDR217M IDR214.6M IDR754.5M
Change in Accounts Receivable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Accounts Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Income Tax Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Sales Tax Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Cash at Beginning of Period IDR0 (IDR11M) (IDR52.4M) IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR0

Net Change in Cash (IDR11M) (IDR41.4M) IDR124M IDR112.3M IDR139.1M IDR217M IDR214.6M IDR754.5M

Cash at End of Period (IDR11M) (IDR52.4M)IDR71.6M IDR183.9M IDR322.9M IDR539.9M IDR754.5M IDR754.5M

ADIWISATA: 2022-2024 Original Page 27 of 28

Projected Cash Flow: 2023
Projected Cash Flow Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 Oct '23 Nov '23 Dec '23 2023

Net Cash from Operations (IDR114.6M)

(IDR100.6M)
IDR357.1M IDR367.6M IDR462.6M IDR462.6M IDR468.4M IDR473.4M IDR473.4M IDR556.4M IDR631.4M IDR53.9M IDR4.1B
Net Pro t (IDR114.6M)(IDR100.6M)IDR357.1M IDR367.6M IDR462.6M IDR462.6M IDR468.4M IDR473.4M IDR473.4M IDR556.4M IDR631.4M IDR53.9M IDR4.1B
Change in Accounts Receivable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Accounts Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Income Tax Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0
Change in Sales Tax Payable IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0 IDR0

Cash at Beginning of Period IDR754.5M IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR754.5M

Net Change in Cash (IDR114.6M)(IDR100.6M)IDR357.1M IDR367.6M IDR462.6M IDR462.6M IDR468.4M IDR473.4M IDR473.4M IDR556.4M IDR631.4M IDR53.9M IDR4.1B

Cash at End of Period IDR639.8M IDR539.2M IDR896.4M IDR1.3B IDR1.7B IDR2.2B IDR2.7B IDR3.1B IDR3.6B IDR4.2B IDR4.8B IDR4.8B IDR4.8B

ADIWISATA: 2022-2024 Original Page 28 of 28