Corporate Presentation March 2020 PT Intiland Development Tbk Intiland. Developing Your World. Intiland Tower Jakarta
Table Of Contents Section 1 Company Overview 3 Section 2 Strategy 9 Section 3 Key Investment Highlights 12 Section 4 Key Financials 32 Section 5 Appendix 36 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to our existing and future products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause our actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we expect to operate in the future. We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statements contained herein to reflect any change in our expectations with regards hereto or any change in events, conditions or circumstances on which any such statements is based. This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only. This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/or purchase any shares in any proposed venture. 2
Session 1 Company Overview SQ Res
PT Intiland Development Tbk ( “ Intiland ” ) Since 1983, Intiland has established a long and successful track record over 61 projects, as a trend-setter and innovator with high quality award- winning projects in Jakarta and Surabaya First established in 1983 under the name of PT Wisma Dharmala Sakti, Intiland has a long operating track record of c.40 yrs Over 3 decades of operating history Listed on the IDX since 1991 with market capitalization of Rp2.6tn (~USD158m)* as of Mar 31, 2020 South Quarter , the integrated mixed use development in TB Simatupang, South Jakarta CBD Graha Famili , the first golf-themed luxurious residential development in Surabaya Developer with high Aeropolis, the integrated mixed use development in Soekarno-Hatta's international airport area (only 500 meters away) quality projects in Regatta , a luxury sea-front condominium in Jakarta Indonesia Pantai Mutiara , the reclaimed housing development with canal bay (in South East Asia) Intiland Tower Jakarta , a "green" building in CBD Jakarta designed by Paul Rudolph with direct MRT station access Large, strategically Over 2,000 ha of remaining land bank spread across key locations in Jakarta, Greater Jakarta, Surabaya and Greater Surabaya located land bank Well-diversified Successfully developed over 61 projects in Jakarta and Surabaya across a wide spectrum of sub-sectors including landed residential townships, office towers, high-rise apartments, hospitality, industrial estates as well as sports and golf club management portfolio Revenue breakdown (as of Mar 31, 2020) Land bank breakdown (as of Mar 31, 2020) 15% 15% 20% 19% 19% Rp 831bn Rp 831bn 2,041ha 55% 66% 0% 11% 80% ■ Mixed use and high rise ■ Houses and land ■ Other** ■ Development Revenue ■ Other** ■ Jakarta & Greater Jakarta Area ■ Recurring Revenue ■ Surabaya & Greater Surabaya Area ■ Industrial estate ■ Investment properties 4 *Based on an IDR/US$ conversion rates of 16,367 which is the middle of the buying and selling foreign exchange transaction rates announced by Bank Indonesia on Mar 31, 2020 **A contribution of Rp 124bn (15% of the Revenue) derived from the impact of the implementation of the new accounting standard
Key Corporate Milestone 2018 2014 1974 Soft launched 2007 Started the Founder Hendro S. SQ Res apartments, Corporate construction of 2011 Gondokusumo a second-stage restructuring; Praxis, Surabaya Launched South started first development of the Rp1.1tn Quarter, a new development of South Quarter outstanding debt Started development integrated mixed- Cilandak Garden integrated zone converted to 2.2bn of Spazio Tower, use development Housing in South 2017 shares; Rebranding Surabaya in South Jakarta Jakarta Received Rp750bn to PT Intiland 1990 1981 from GIC for the Development Tbk; Started Branched into first phase of the Commenced the New CEO and BOD Industrial Estate development of share issuance of first property appointed Aeropolis, near with the development in 241,481 shares Soekarno-Hatta Obtained a commencement of (32.66% stake) in Surabaya, Darmo syndicated loan Ngoro Industrial International Baru Housing PT Putra Sinar Indonesia Top 50 Airport amounting to Park Permaja, which Project Public Companies in Rp2.8 trillion from owns South 2016 2008 the 2015 Indonesia PT Bank Negara 1982 Quarter Project Launched new Completion of Best of the Best Indonesia (Persero) Development of (Phase I & II) project, The Regatta phase I Awards, Forbes Tbk and PT Bank Taman Harapan Rosebay, Surabaya Indonesia Central Asia Tbk Indah 1970 – 2007 – 2011 – 2014 – 2018 – 1990s 2016 2017 1980s 2010 2013 2015 2019 1991 2010 2013 2015 Started the Launched new 2019 1983 Establishment of Listed on Indonesia Rights Issue III with Started South Quarter development of project, 57 Forged a new Stock Exchange the value of Rp2.7 development of receives Gold – Graha Natura Promenade Phase I strategic partnership the company under the name PT Wisma trillion 1Park Avenue Design Recognition Edenia, Surabaya in Kebon Melati, with PT Menara Dharmala Sakti condominium in certification from Central Jakarta Prambanan for the Stock split 2:1. From South Jakarta Green Building development of 1986 5.1bn shares to Council Indonesia mixed-use and high Completion of Entered into a JV 10.2bn shares Initial Public Bonds (GBCI) rise project, Poins with GIC, for the Intiland Tower 1992 offering worth Square, in South Jakarta ownership and Launching of Graha Started Rp500bn Completion of South Jakarta. development of Famili, a prestigious development of Quarter Phase 1, 1989 the first phase of, Signed a CSPA to sold housing area in Graha Natura 2014 Jakarta Second public Started 57 Promenade, 9% stake in South Surabaya Phase 1, Surabaya Divested 60% bonds offering Jakarta Quarter worth development of the shares of PT worth Rp590bn first canal estate in Rp244bn to Reco Kris Completion of Whiz Intiland Infinita, Private Limited. South East Asia, Hotel Yogyakarta, the parent Entered into a JV Pantai Mutiara, the first hotel by company of with GIC, for the Sold shares and North Jakarta PT Intiwhiz Intiwhiz Hotel ownership and receivables of a 1997 International Chain Launching of Graha development of subsidiary who Completion of Golf Condominium the first and operates National Intiland Tower project in Graha second phase of Hospital in Surabaya Surabaya Famili, Surabaya South Quarter, valued at Rp636bn. development Jakarta 5
Corporate Structure CGS-CIMB Securities Hendro S. PT Bina Yatra Bali Private Villa (s) Public < 5% (Singapore) Pte Ltd Gondokusumo Sentosa Pte, Ltd 15.09% 14.45% 12.35% 8.03% 50.08% Total Issued Shares : 10,365,854,185 shares Market Capitalization as of Mar 31, 2020 (6) : Rp 2.6 tn (~USD 158 mn) @Rp 250 PT Intiland Development Tbk Book Value as of Mar 31, 2020 (6) : Rp 6.0 tn (~USD 368 mn) @Rp 581 RNAV as of Dec 31, 2017 (6)(7) : Rp 20.8 tn (~USD 1,275 mn) @Rp 2,012 Intiland Tower Intiland Tower Jakarta Surabaya 36.6% 100.0% 100.0% 100.0% 30.0% PT Raharja Mitra PT Taman PT Intiland Grande PT Intiland Esperto PT Intiland Infinita Others Familia Harapan Indah Ngoro Ind. 57 Promenade Intiwhiz Hotel Graha Natura Spazio Tower Aeropolis 1 Park Avenue Serenia Hills (Phase 1) 1 Park Chain 5 33.4% 49.0% 2 South Quarter Regatta 3 Praxis Graha Golf The Rosebay 4 & SQ Res 2 100% ownership <100% ownership Notes: 1. 57 Promenade (Phase I) is jointly held and developed by PT Raharja Mitra Familia (33.63% stake), GIC's affiliate (33.40% stake) and PT Galang Gema Pradana (29.97% stake) 2. South Quarter is jointly held and developed by PT Putra Sinar Permaja (51% stake), GIC's affiliate (49% stake) 3. Regatta is held by Badan Kerjasama Mutiara Buana (BKMB), a 50-50 JO partnership between PT Taman Harapan Indah and PT Global Ekabuana 4. The Rosebay is held by PT Grande Family View, a 75%-owned subsidiary of PT Intiland Grande 5. The Intiwhiz Hotel Chain is operated by PT Intiwhiz International, a subsidiary of PT Intiland Infinita 6. Based on an IDR/USD conversion rate of 16,367 which is the Jakarta Interbank Spot Dollar Rate (JISDOR) benchmark on Mar 31, 2020 7. The company appraised its major assets on Dec 31, 2017, primarily done by Knight Frank and Jones Lang LaSalle 6
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