Pt Intiland Development Tbk · IDX:DILD
Pt Intiland Development Tbk — Investor Presentation (March 2021)
48 slides from Pt Intiland Development Tbk's investor presentation, Mar 31, 2021
Slide 1: Corporate Presentation
Corporate Presentation 31 March 2021 PT Intiland Development Tbk Intiland. Developing Your World. Intiland Tower Jakarta
Slide 2: Table of Contents and Disclaimer
Table Of Contents Section 1 Company Overview 3 Section 2 Strategy 9 Section 3 Key Investment Highlights 12 Section 4 Key Financials 34 Section 5 Appendix 38 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitat
Slide 3: Session 1: Company Overview
Session 1 Company Overview SQ Res
Slide 4: PT Intiland Development Tbk (Intiland)
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 Over 3 decades of • First established in 1983 under the name of PT
Slide 5: Key Corporate Milestone
Key Corporate Milestone 2016 2018 1974 2014 Launched new 2007 Started the Soft launched Founder Hendro S. project, The SQ Res apartments, Gondokusumo Corporate 2011 construction of Rosebay, Surabaya restructuring; Praxis, Surabaya a second-stage started first Launched South Rp1.1tn development of th
Slide 6: Corporate Structure
Corporate Structure CGS-CIMB Securities Hendro S. PT Bina Yatra Bali Private Villa (s) Public < 5% (Singapore) Pte Ltd Gondokusumo Sentosa Pte, Ltd 15.00% 15.69% 12.35% 7.49% 49.47% Total Issued Shares : 10,365,854,185 shares Market Capitalization as of Mar 31, 2021(6) : Rp 2.0 tn (~USD 137 mn) @Rp
Slide 7: Core Portfolio
Core Portfolio The Company develops various products classified into mixed use & high rise, landed residential, industrial estates and investment properties. Some of the existing and future projects are as follows: Mixed Use & Landed Industrial Investment High Rise Residential Estates Properties • S
Slide 8: Selected Awards and Achievements
Selected Awards and Achievements 2020 Intiland Hendro S. Gondokusumo Serenia Hills Top CSR Awards Star 3 at the Top Leader on CSR Commitment Golden Awards – Best Landed Top CSR Awards 2020 held by 2020 at the Top CSR Awards 2020 Residential Development at the Top Business magazine, held by Top Busin
Slide 9: Session 2: Strategy
Session 2 Strategy Praxis
Slide 10: Growth Strategy
Growth Strategy • Focus on developing existing projects in Jakarta and Surabaya Organic Growth • Maximize the value of existing asset portfolio (e.g. mixed use & high rise) • Continue the land acquisition surrounding existing projects • Strategic acquisition to support our vision and mission Acquisi
Slide 11: Strategic partnership case study: GIC
Strategic partnership case study: GIC Our JVs with GIC present a good example of what we seek in a strategic partner and how we employ such partnerships as a way to mitigate development risk and proactively strengthen our balance sheet JV overview Strategic benefits Capital management November 2016
Slide 12: Session 3: Key Investment Highlights
Session 3 Key Investment Highlights Regatta
Slide 13: Key Investment Highlights
Key Investment Highlights Established track record in successfully developing and launching premium flagship projects High upside potential on 1 Diversified portfolio in strategic locations which investment return with stands to benefit from RNAV per share of Rp 1,697* 6 2 ongoing/recent infrastruct
Slide 14: Established track record in premium flagship projects
Established track record in successfully developing and launching premium flagship projects Over the past 40 years, we have developed/launched various award-winning premium projects which have become benchmarks in their respective markets Mixed Use & High Rise Mixed Use & High Rise Landed Residentia
Slide 15: Diversified portfolio in strategic locations
Diversified portfolio in strategic locations which stands to benefit from ongoing/recent infrastructure developments Our diversified portfolio is well-positioned to capture demand across different product types and locations Marketing Sales by product type by project by location 0% -3% 0% 0% 0% 7% 0
Slide 16: High-rise developments – Mixed-use/Integrated
High-rise developments – Mixed-use/Integrated Our flagship high-rise mixed-use/integrated projects have seen strong take-up rates across various components (residential, office, retail) Our high rise developments are high density projects, located in prime urban locations typically located on plots
Slide 17: High-rise developments – Residential
High-rise developments – Residential Our current pipeline and high-rise residential projects are located in strategic areas with strong infrastructure connectivity and/or within established areas. It will offer a wider range of unit sizes to provide more affordability High quality projects in strate
Slide 18: Landed residential
Landed residential Our portfolio of well-located, high quality landed residential projects allows us to broaden our customer reach and further diversifies our revenue base Ongoing development Serenia Hills Graha Natura • Premium estate located on 26ha, • Residential project in Lontar, West offering
Slide 19: Industrial Estate – Ngoro Industrial Park
Industrial Estate – Ngoro Industrial Park Our industrial estate in Ngoro allows locators to access East Java and is located in close proximity to key transport hubs (sea port and airport), with toll road and main road access Ngoro Industrial Park is a modern industrial estate complete with infrastru
Slide 20: Industrial Estate – Batang Industrial Park
Industrial Estate – Batang Industrial Park Our new industrial estate in Batang is well connected to West and East Java through Trans-Java toll and is a future key industrial hub of Central Java Batang Industrial Park is strategically located at Batang Region, Central Java Province, right at the cent
Slide 21: Well-located portfolio within Central and Greater Jakarta
Well-located portfolio within Central and Greater Jakarta... Most of our ongoing/near term projects in Jakarta are located within 5-10km radius from CBD in well-established areas and supported by infrastructure developments 5km radius from Semanggi Tanjung Priok Port Interchange, CBD International R
Slide 22: Poised to benefit from infrastructure developments
…poised to benefit from infrastructure developments Our portfolio stands to benefit from ongoing development of transit infrastructure (LRT/MRT) within Jakarta, which is expected to translate into stronger take-up/occupancy rates as well as higher average selling prices /rental rates MRT Route Jakar
Slide 23: Poised to benefit from infrastructure developments
…poised to benefit from infrastructure developments 23
Slide 24: #LivingConnected Jakarta
#LivingConnected Jakarta 57 Promenade, CBD Jakarta Intiland Tower Jakarta, CBD Jakarta 1Park Avenue, Gandaria South Quarter, TB Simatupang South Grove, Lebak Bulus Serenia Hills, Lebak Bulus Poins, Lebak Bulus Pinang Residence, Pondok Pinang Talaga Bestari, Tangerang 24
Slide 25: Well-located portfolio in Central and West Surabaya
Well-located portfolio in Central and West Surabaya Our presence in Surabaya started with the Graha Famili project, which has become a market benchmark for high-end residential development, and extended into landed residential, mixed-use & high-rise projects, industrial estates as well as investment
Slide 26: Large land bank to sustain medium to long term development
Large land bank to sustain medium to long term development Large land bank of c. 2,046.5 ha (as of Mar 31, 2021) is sufficient to sustain ongoing developments for the next 20 years Land Surabaya & Undeveloped Land bank Land area (ha) Greater Undeveloped Land bank area (ha) Surabaya area Maja, Banten
Slide 27: Selling of Non-Core Assets
Selling of Non-Core Assets • Non-core assets are the assets that have not been planned to be developed in the next 5 years. Non-Core Assets • In line with the deleveraging strategy, the Company is focusing on selling the non-core assets to enhance the liquidity and profitability of the Company. • 9%
Slide 28: Strong pipeline of high quality developments
Strong pipeline of high quality developments Historical marketing sales (2015-1Q21) In billion Rupiah 2,935 531 2,284 483 505 1,619 1,558 192 1,320 569 6 81 530 784 937 648 1,921 71 1,210 638 897 310 768 591 59 228 222 29 2015 2016 2017 2018 2019 2020 1Q21 High Rise Landed Residential Industrial Est
Slide 29: Growing recurring income base
Growing recurring income base… Our recurring revenue base has grown by more than 2x since 2016 Recurring Revenue (Rp'bn) % of total revenue Rp'bn 15.3% 24.0% 23.4% 22.8% 20.4% 32.0% 750 623 596 590 600 1 76 528 65 78 54 450 217 225 348 211 218 1 48 300 170 176 330 1 21 150 307 300 257 73 129 81 - 20
Slide 30: Underpinned by robust rental income streams
…underpinned by robust rental income streams… • South Quarter is premised on the concept of sustainability and is one of the largest integrated mixed use developments in TB Simatupang corridor in South Jakarta, a popular business hub where many MNCs across multiple industries are located • The site’
Slide 31: A visible additional project pipeline
…and a visible additional project pipeline Upcoming projects contributing to future additional recurring income stream CBD Jakarta CBD Surabaya West Surabaya South Jakarta Phase 2 Phase 1 57 Promenade 57 Promenade Projects Praxis Spazio Tower Poins Phase I Phase II • Office SGA: 48,509 sq.m. • Offic
Slide 32: Strong corporate governance & experienced management team
Strong corporate governance & highly experienced management team Intiland is led by a highly experienced management team and board of commissioners Board of Commissioners Sinarto Lennard Ho Thio Gwan Jahya Friso Dharmawan Kian Guan Po Micky Asikin Palilingan President Vice President Independent Inde
Slide 33: High upside potential on investment return
High upside potential on investment return …with RNAV per share of Rp 1,758 Estimated RNAV (in Rp billion) Location Market Value (in Rp billion)* Effective Value (in Rp billion) Total Asset Value 21,715 Add: Cash & Cash Equivalent Mar 31, 2021 1,549 Land for Development Less: Interest Bearing Debt M
Slide 34: Session 4: Key Financial
Session 4 Key Financial Graha Natura
Slide 35: Financial Performance
Financial Performance Revenue EBITDA1) in billion Rupiah in billion Rupiah 897 2,736 2,891 2,553 718 2,276 2,203 585 540 532 551 203 2016 2017 2018 2019 2020 1Q21 2016 2017 2018 2019 2020 1Q21 Net Profit Marketing Sales 2) In billion Rupiah In billion Rupiah 299 297 2,935 251 2,284 204 1,558 1,320 7
Slide 36: Segments Contribution
Segments Contribution Revenue Gross Profit Margin in IDR bn % of Revenue 831 94% 551 74% 455 40% 43% 176 160 25% 27% 162 20% 124 101 92 76 35 0 0% Mixed use Houses and Industrial Investment Others* Total Mixed use & Houses and Industrial Investment & high rise land Estate Properties high rise land E
Slide 37: Financial Highlights
Financial Highlights 1Q21 1Q20 2020 2019 2018 2017 2016 in Rp billion YoY Growth in Rp billion Inhouse Inhouse Audited Audited Audited Audited Audited Revenue 551 831 -34% Revenue 2,891 2,736 2,553 2,203 2,276 Gross Profit 257 348 -26% Gross Profit 1,181 1,132 1,006 956 1,036 EBITDA 203 265 -23% EBI
Slide 38: Session 5: Appendix
Session 5 Appendix The Rosebay
Slide 39: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise CBD Jakarta South Jakarta North Jakarta CBD Surabaya 57 Promenade 1Park Avenue Regatta Praxis Launched: 2017 Launched: 2012 (Tower 1,2,3) Launched: 2014 Launched: 2013 Total Area: 3.0 ha 2015 (Tower 4) (Tower London & New York) Total Area: 1.1 ha (Phase 1 -
Slide 40: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise South Jakarta West Surabaya West Surabaya West Surabaya SQ Res Rosebay Spazio Tower Graha Golf Launched: 2018 Total Area: +/- 1ha Launched: 2014 Launched: 2015 Total Area : 1.3 ha Ownership: 75% Total Area: 0.5 ha Total Area: 2.4 ha Infrastructure: MRT, Tol
Slide 41: Development Income – High Rise & Landed Residential
Development Income – High Rise & Landed Residential CBD Surabaya Tangerang South Jakarta Masterplan Sumatra 36 Talaga Bestari South Grove Launched: 2011 Launched: 1995 Total Area: 0.5 ha Type: High Rise Infrastructure: Future Toll Road, Future MRT Ownership: 100% Total Area: 0.2 ha Land bank: 76 ha
Slide 42: Development Income - Landed Residential
Development Income - Landed Residential South Jakarta West Surabaya Serenia Hills Graha Natura Phase 1 Phase 2 Phase 1 Development Type Residential Residential Cluster GLA Launched Sold Plan Land Area 10 ha 16 ha Cluster A 5.9 ha 2010 105 units 97% Development Plan Regent 187 units Titan 59 units Cl
Slide 43: Development Income - Mixed Use & High-Rise
Development Income - Mixed Use & High-Rise Tangerang Aeropolis Type: Mixed used & high rise Total ASP 1Q21 Projects Launched Year Launched Year Completed Total (Sqm) Sold (Sqm) Construction (%) (Unit) (Rp mn/m2) Aeropolis Residence 1 & Commercial Park 2011 2014 1,175 25,126 22,898 13.2 100% Aeropoli
Slide 44: Development Income - Industrial Estate
Development Income - Industrial Estate Mokokerto, East Java Batang, Central Java Ngoro Industrial Park Batang Industrial Park Total Development: 505 ha Tenancy Development plan: 500 ha Launched: 1991 (1st phase) Unicharm, Mitsui-Soko, Hitachi, HB Fuller, 1st phase development: 280 ha 2010 (2nd phase
Slide 45: Recurring Income
Recurring Income South Jakarta CBD Jakarta CBD Surabaya West Surabaya South Quarter Intiland Tower Jakarta Intiland Tower Surabaya Spazio Launched: 2012 Ownership: 100% Total area: 0.5 ha Launched: 2010 Infrastructure: MRT, Toll Road Total area: 0.8 ha Ownership: 100% Total area: 0.8 ha Ownership: 5
Slide 46: Recurring Income Pipeline Projects
Recurring Income Pipeline Projects Major Cities in Indonesia West Surabaya West Jakarta Intiwhiz Hotel Chain Tierra West One City The Company, through its subsidiary Ownership: 100% Ownership: 40% PT Intiwhiz International, has embarked Total area: 6.3 ha Total area: 21 ha on hospitality business by
Slide 47: Thank You
| | THANK YOU
Slide 48: Contact Us
Contact Us Nathan Tanugraha nathan.tanugraha@intiland.com Investor Relations PT Intiland Development Tbk Intiland Tower, Penthouse Floor Jl. Jend. Sudirman 32 Jakarta 10220 Indonesia Tel : +62 21 5701912 Fax: +62 21 5700015 www.intiland.com
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