PT Mega Manunggal Property Tbk
PT Mega Manunggal Property Tbk
PT Mega Manunggal Property Tbk
Disclaimer PT Mega Manunggal Propert erty Tbk This document is prepared by PT Mega Manunggal Property Tbk and is for distribution only as may be permitted by law. It is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or would subject PT Mega Manunggal Property Tbk to any registration or licensing requirement within such jurisdiction. It is published solely for information purposes; it is not an advertisement nor is it a solicitation or an offer to buy or sell any financial instruments or to participate in any particular trading strategy. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained in this document (‘the Information’), except with respect to Information concerning PT Mega Manunggal Property Tbk . The Information is not intended to be a complete statement or summary of the securities, markets or developments referred to in the document. PT Mega Manunggal Property Tbk does not undertake to update or keep current the Information. Any opinions expressed in this document may change without notice and may differ or be contrary to opinions expressed by other business areas or groups of PT Mega Manunggal Property Tbk. Any statements contained in this report attributed to a third party represent PT Mega Manunggal Property Tbk’s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party.
Agenda presentation PT Mega Manunggal Propert erty Tbk Section Pages 1 Brief profile of MMP 1 2 Review of MMP business 5 Investment thesis 3 12 4 Company recent updates 18 5 Financial review 21 6 Growth Strategy 27 Industry 7 31 8 Investment consideration 37 9 Appendix 1 Financial Information 38
PT Mega Manunggal Propert erty Tbk Sectio ion 1 Brie ief f Pr Profi ofile le of MMP
Company at a glance PT Mega Manunggal Propert erty Tbk Overview Facilities Projects PT. Mega Manunggal Property Tbk Facilities of PT. Mega Manunggal Currently MMP has 4 assets in 2 different (“MMP”) is a warehouse provider that Property Tbk are developed with strategic locations : supports industrial property needs in specifications which are refer to Bekasi MM 2100 : Indonesia focusing on develops, owns international standards to meet Unilever Mega DC and operates logistic properties, with a the demand in the Indonesian Li & Fung Logistic focus in warehousing that specifically logistics services business while Selayar meet international standards. keeping the specifications comply Halim Cililitan East Jakarta : Established on mid 2010, currently to local regulations. MMP is Intirub Business Park MMP have Net Leasable Area of area committed to give good quality And we were building our 5 th warehouses total 163,911 sqm (including a 90,000 products and deliver added value services to support the client’s sqm NLA warehouse for PT Unilever for LAZADA (the largest Indonesia, one of the the largest business. E-commerce in Indonesia in Jalan Raya Unilever warehouses globally) Bogor Depok. - 7 1
Brief profile of PT Mega Manunggal Property Tbk PT Mega Manunggal Propert erty Tbk MMP’s shareholder structure (as of March 2016) Unilever Mega DC Li & Fung PT Mega Manunggal Selayar Property Tbk 99,0% 99,5% Intirub Business PT Mega Tridaya PT Intirub Park I & II Properti 99,0% (67%) (33%) PT Mega Khatulistiwa GIC Properti 90,0% 99,0% 99,0% 99,5% PT Mega Dharma PT Manunggal PT Subang PT Subang Horison Cakrawala Properti Properti Persada Properti Properti 2
Company’s management PT Mega Manunggal Propert erty Tbk Board of commissioners Hungkang Sutedja Tri Ramadi The Nicholas Abdul Rahim Tahir Debbie Ana Sumargo President Commissioner Vice President Commissioner Independent Independent Commissioner Commissioner Commissioner Board of directors Fernandus Chamsi Bonny Budi Setiawan Johny Johan President Director Independent Director Director 3
Track record of MMP PT Mega Manunggal Propert erty Tbk June 2014 June 2015 August 2015 April 2012 August 2010 Construction of MMP was Construction of Initial Public Signing Lazada Intirub Business established Unilever Mega Offering Park II completed DC completed (IPO) NLA: 18.355 m 2 NLA: 90.288 m 2 3-2011 8-2010 4-2012 10-2012 6-2014 2015 2016 2010 2011 2012 2013 2014 2018 2018 12-2011 10-2010 5-2013 5-2013 1-2014 12-2014 2-2015 May 2013 December 2014 December 2015 Decemer 2011 October 2010 Construction of Li DHL began its Construction of Construction of Acquired 9 ha & Fung Selayar operational in Unilever Mega land for Lazada completed completed Intirub Business DC began Project Park I NLA: 21.612 m 2 NLA: 5.620 m 2 NLA: 28.036 m 2 4
PT Mega Manunggal Propert erty Tbk Sectio ion 2 Re Review iew of MMP P Busin iness ess
Location MMP’s logistic properties PT Mega Manunggal Propert erty Tbk Tanjung Marunda Priok Access to Merak Center Port Industrial estates port and Soekarno expansion areas Lampung Hatta (main Airport transportation Jakarta route to Industrial Growing industrial Sumatera) Modern Estate Heavy estates Bekasi industry and ( automotive , petrochemica consumer, light and l estates medium industries) MM2100 Halim Intirub Unilever Business Li & Fung Jababeka Park Selayar Lippo Cikarang Depok Access to Bandung and Cikampek (main transportation route of goods) Lazada Kota Deltamas Intirub Business (in km) Unilever Mega DC Li & Fung Selayar Lazada Park Distance to Jakarta 0 35 35 35 22 Distance to Tanjung Priok port 22 48 48 48 43 Distance to International Airport 39 68 68 68 60 5
Logistic property profile – Unilever Mega DC PT Mega Manunggal Propert erty Tbk Location : MM2100 industrial estates, West Cikarang, Bekasi : 194.297 m 2 Land area Gross floor area : 156.462 m 2 NLA : 90.288 m 2 Lease period : 10 years, with an option to extend another 10 years Operator : PT Linfox Logistics Indonesia : 6 ton per m 2 Floor capacity Ceiling height : 12 m (center 17 m) Specification: - Super flat floors (FF; Floor Flatness); - Double deep pallet racking system; - Heat shield; - Parking area up to 104 truck; - 85 loading doors; - 8 loading dock levelers; - Sprinkler on each rack, with immediate response; - Fire extinguisher with standard of ULFM; - Rental that include racking, sprinkler and office. 6
Logistic property profile – Li & Fung PT Mega Manunggal Propert erty Tbk Location : M2100 industrial estates, West Cikarang, Bekasi : 34.637 m 2 Land area Gross floor area : 21.702 m 2 NLA : 21.612 m 2 Lease period : 5 years, with option to extend for another 5 years Floor capacity : 6 ton per m 2 Ceiling height : 11 m (center 12,5 m) Tenant : PT LF Services Indonesia (part of Li & Fung Ltd. Group) / Fonterra & ARK / Ultra Jaya Specification: - Super flat floor; - 38 loading doors with tight sealing to keep hygiene; - Heat shield; - 19 loading dock levelers 7
Logistic property profile – Intirub Busines Park I & II PT Mega Manunggal Propert erty Tbk Intirub Business Park I Location : Halim, East Jakarta : 28.195 m 2 Land area : 30.086 m 2 (warehouse) + 5.455 m 2 (office) Gross floor area NLA : 23.397 m 2 (warehouse) + 4.639 m 2 (office) Floor capacity : up to 4,5 ton per m 2 Ceiling height : 10 m Warehouse specification : warehouse with semi basement , 3 floor office and parking area Special specifications : 5 loading dock levelers Tenants : DHL, ARK/Ingram, Yokogawa, aCommerce (warehouse), Bank BNI46, DHL, Mahadasha, Scan Global (office) Intirub Business Park II Location : Halim, East Jakarta : 32.380 m 2 Land area Gross floor area : 23.219 m 2 (warehouse) + 5.696 m 2 (office) NLA : 13.709 m 2 (warehouse) + 4.646 m 2 (office) Floor capacity : up to 4,5 ton per m 2 Ceiling height : 9 m Warehouse specification : warehouse with semi basement , 3 floor office and parking area Special specifications : 10 loading dock levelers Tenants : Grundfos, DHL, ARK, MHE-Demag (warehouse), Grundfos, Deraya, MHE- Demag (office) 8
Property logistic profile – Selayar PT Mega Manunggal Propert erty Tbk Location : MM2100 industrial estates, West Cikarang, Bekasi Land area : 9.164 m 2 Gross floor area : 5.742 m 2 NLA : 5.620 m 2 Floor capacity : 4 ton per m 2 Ceiling height : 9 m (center 13 m) Special specifications : 6 loading doors with 2 loading dock levelers Tenants : Yusen Logistics Solution Indonesia 9
Building value delivering result PT Mega Manunggal Propert erty Tbk In progress to become the largest DC for LAZADA Indonesia From Abandoned Factory 17 10 10
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