Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (August 2024)
29 slides from Pt Summarecon Agung Tbk's investor presentation, August 2024
Slide 1: PT Summarecon Agung Tbk Company Presentation August 2024
ge ean PT SUMMARECON AGUNG Tbk A Company Presentation August 2024 Content A. Company Profile + Corporate Information, Shareholders + Management Team + Principal Business Activities + Project Locations + Landbank & Projected Acquisitions B. Property Development + Marketing Sales by Locations & Produc
Slide 2: Corporate Information
want summarecon Wonderful Lite « Wondertul World A. Company Profile CORPORATE INFORMATION CORPORATE INFORMATION Incorporated : 26/Nov/1975 Listing Date : 7/May/1990 Ticker : SMRA:IJ Share Value (Nominal) : Rp 100 /Share Total Shares Issued : 16,508,568,358 Share Price @ 31/Jul/2024 : Rp 560 /Share N
Slide 3: Management Team and Principal Business Activities
MANAGEMENT TEAM (Boards of Commissioners & Directors) § \ Nn ie Seated (L-R) : Nanik Widjaja (D-Corporate Services), Ir. Adrianto Pitojo Adi (President Director), Liliawati Rahardjo (Managing Director), Soetjipto Nagaria (Ir.) (President Commissioner), Ir. Ge Lilies Yamin (C-Independent), Lydia Tjio
Slide 4: Project Locations (Townships) and Landbank
Location / (Population Ranking based on 2020 Census of 100 cities) 1. PROJECT LOCATIONS (TOWNSHIPS) All projects are in high density locations with upper-strata economic wealth Metropolitan Jakarta (JABODETABEK) Kelapa Gading, North Jakarta Serpong, South Tangerang, Banten (14 largest) ity, West Jav
Slide 5: Marketing Sales by Location & by Product Type
summarecon Wonderful Lite « Wondertul World B. Property Development Property Development : Marketing Sales by Location & by Product Type Marketing Sales by Location A 019A 020A 021A 022A 0 024 0 6,000 — = - — Actual | Actual | Actual | Actual | Actua actiia YoY -20% 59% -6% 9% __Re'bn Rp'bn Rp'bn Rp
Slide 6: Product Price Range & Customer Payment Profile
Property Development : Product Price Range & Customer Payment Profile Marketing Sales by Product Price Range 2019A 2020A 2021 5,000 ° 2022A 2023A Customer Payment Profile 2 | 2019A 2020A 2021A 90% 80% 70% 60% 50% Rp'billion 40% 30% 20% 10% 0% 2023A 20244 PRODUCT PRICE RANGE Actual | Actual | Actual
Slide 7: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) Project | Product Name sa — ies a pelea Rp'bn Rp'bn Rp'bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,470 (1,408) 62 453 (434) 19 3,245 96% Kensington Royal Suites [D] Apartment Apr-15. Apr-19 436 (429) 7 199 (196
Slide 8: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) PRO ) OP OME ONGO PRO . i pe Date Date ota Total __ Sold Bal alue Rp'bn Rp'bn Rp'bn Rp'mn The Springs Flamingo [Ext] House Aug-17 Aug-19 790 (790) r) 256 (256) 0 3,086 100% Rainbow Springs Apartment Aug-19 Feb-22 1,229 (1,221) 8 740 (735
Slide 9: Summarecon Bekasi
Property Development : Summarecon Bekasi in Greater Jakarta) PRO D OP A OME ONGO PRO Pod : SAE No. of Units = leat x — pe Date Date ota old Ba Total Sold Bal ams Rp'bn Rp'bn Rp'bn Rp'mn SpringLake [D] Apartment Jul-14 Jul-18 381 (380) 1 778 (776) 2 490 100% SpringLake View [E] Apartment Aug-15 Aug-1
Slide 10: Summarecon Bandung
Property Development : Summarecon Bandung (in West Java) Project | Product Name Gags ist Launch | Completion = NES — ois Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 May-22 632 (632) 0 142 (142) 0 4,451 100% Flora House Sep-20 Mar-23 748 (748) 0 410 (410) 0 1,824 100% Xandari * Landplot Nov-21 Nov-24
Slide 11: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) proj Product | ist Launch | Completion No. of Units % sold roject | Product Name Type (Value) YP Total Sold Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Oct-20 Apr-23 566 (566) i) 321 (321) ° 1,763 100% Mahogany Island Landplot Oct-20 Apr-23 120
Slide 12: Investment Property: Shopping Malls
summarecon Wonderful Lite « Wondertul World C. Investment Property D. Hospitality Business E. Leisure, Education & Others gq INVESTMENT PROPERTY : Shopping Malls At present, Summarecon owns and operates 5 shopping malls with total GFA of more than 500,000 m2, generating significant recurring revenue
Slide 13: Investment Property: Shopping Malls
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | Average Rent | Service Charge | % of Mall | _No. of UES ew uefa Occupancy RETAIL CENTER m2 / Month m2 / Month Revenues | Tenants Pax / Year Summarecon Mall Kelapa Gading 208.000 m2 142.000 m2 91% Rp 330,000 Rp 146.000 50% ~ 550+ 1H-2024* 16,0 Mn F
Slide 14: Leisure, Education & Others
¢ LEISURE, EDUCATION & OTHERS | __—Education The leisure and education business units provide important complementary facilities to support each township, while simultaneously generating recurring income. In 2023, the operations were already back to (ee Normal. Klub Kelapa Gading Pradita University
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated ENCOMELSTATENENTS | yzoas | wry2024 | variance | REVENUE 5,942 5,030 5,568 5,719 6,659 16% 1,499 2,134 42% GROSS PROFIT 3,047 2,502 2,801 3,199 3,560 11% 824 1,162 41% OVERHEADS (1,180) (950) (980) (1,232) (1,385) (288) (363) - Selling Expense (354) (275) (306) (322) (421)
Slide 16: Financials: EBITDA and EBIT Business Segment
Financials : EBITDA Business Segment FINANCIAL YEAR ENDED: Last 2 Yrs PERIOD ENDED: Variance Variance EBITDA 1,867 1,552 1,822 1,967 2,175 11% 536 800 49% Property Development (PDV) 885 1,267 1,446 1,124 1,197 6% 289 549 90% Investment Property (IVP) 865 341 410 827 917 11% 241 246 2% Leisure & Hosp
Slide 17: Income Statement: Property Development Business
Financials : Income Statement Property Development Business Rp'bn Rp'bn Rplbr Rp'bn Rp'bn Rplbr Rp'bn REVENUE 3,617 3,670 4,148 3,529 4,045, 15% gin 1,442 58% Soi Houses 2,228 1,991 2,723+1,750 3,069 75% 722 1,112 54% Improved profitablity Shops 681 627 444 873 453 48% 147 165 12% contributed to the
Slide 18: Property Development Business (By Location)
Financials : Property Development Business (By Location) PROPERTY DEVELOPMENT FINANCIAL YEAR ENDED: Last 2 Yrs PERIOD ENDED: GEO GRAEHICICCATION! Variance Rp'bn Rp'ba Re’bn Rp'bn Rp'br Re’bn Rp'bn REVENUES 3,617 3,670 4,148 3,529 4,045 15% Eres 1,442 58% SKLG Kelapa Gading 251 680 247 202 49 -76% 10
Slide 19: Income Statement: Investment Property Business
Financials : Income Statement Investment Property Business Mm LLL: INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: Last 2 Yrs INVESTMENT PROPERTY Dec/2019 | Dec/2020 Dec/2022 | Dec/2023 | Variance Mar/2023 | Mar/2024 Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 1,599 894 918 1,481 1,738 17% 39
Slide 20: Income Statement: Leisure & Hospitality Business
Financials : Income Statement Leisure & Hospitality Business SEGMENT or | venance | Variance INCOME BY BUSINE: Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 423 153 183 346 480 39% 102 104 2% Leisure 75 27 35 52 64 24% 14 15 5% Hospitality (Hotels) 348 127 148 294 416 41% 88 89 2% GROSS PROFIT 1
Slide 21: Balance Sheet Summary
Financials : Balance Sheet Summary FINANCIAL YEAR ENDED: Last 2 Yrs Variance pion Rp'bn Rp'bn Rp'bn Rp'bn SUMMARY CONSOLIDATED BALANCE SHEETS PERIOD ENDED: Rp'bn Rp'bn Cash & Cash Equivalents 1,664 1,656 2,774 3,143 3,293 5% 3,268 3,388 4% Inventories 8,514 9,187 9,254 9,960 10,906 10% 10,049 10,748
Slide 22: Non-land Capital Investments
Non-land Capital Investments Indicati FY-2024 | FY-2025 | FY-2026 Rp'bn Rp'bn Rp'bn Rp'bn Summarecon Mall Bekasi [Phase 2] 4Q 2025 1,200 600 540 Summarecon Mall Makassar 4Q 2026 630 160 250 220 Harris Hotel Serpong 2Q 2026 270 160 110 2,100 920 900 220 Summarecon Mall Bekasi phase 2 is currently und
Slide 23: Our Business Model
¢ Our Business Model Build Integrated Townships with both residential and commercial complexes, and associated infrastructure like roads, water treatment plants for potable water supply, drainage and sewage facilities, energy distribution, education institutions, hospitals, retail centers, places of
Slide 24: Outlook for the Year / Moving Forward
gq Outlook for the Year ™M According to the Government Indonesia’s Economy is predicted to reach 5.3%, higher than that of 5.03% in 2023, supported by Household Consumption and Domestic Investment. @ On 14 February 2024 Indonesia has have its presidential election and also legislative election. N Pr
Slide 25: To contact us / Disclaimer
To contact us. Investor Relations Jemmy Kusnadi Corporate Secretary / Head of Investor Relations jemmy@summarecon.com Michael Yong Finance Advisor michaelyong@summarecon.com PT Summarecon Agung Tbk Plaza Summarecon, JI. Perintis Kemerdekaan No. 42 Jakarta 13210, Indonesia Tel : + 62 21 4714567, Fax
Slide 26: Pernyataan Sanggahan
Pernyataan Sanggahan Presentasi ini disiapkan oleh PT Summarecon Agung Tbk (“Perusahaan”) untuk tujuan informasi saja dan tidak boleh dianggap sebagai penawaran atau ajakan untuk membeli atau memiliki berbagai jenis surat berharga Perusahaan. Dokumen yang telah disiapkan dan disediakan ini bersifat
Slide 27: A Typical Residential Product (sample)
¢ A Typical Residential Product (sample) garden Scientia Garden, kawasan seluas 200 ha yang dikembangkan deuyen konvep Smart amd Green Environment, yang mengintegrasikan antara fasiltas pendidikan, perkantoran, arsa Komersial, pusat perbeianjaan gadget dan komputer, serta ruang ruang terbuka hijau y
Slide 28: Marketing Brochure (sample)
Marketing Brochure (sample) Land : 66m2 Land : 77m2 Building GFA : 62 —68 m2 Building GFA : 73 —78 m2 Price : ~Rp 1.1 bn each Price : ~Rp 1.4bn each 55 ¢ Marketing Brochure (sample) bs 1 type-E Paket Pengembangan sie Land / Building Size : Land / Building Size : Land / Building Size : 66 m2 /62 m2 6
Slide 29: End of Presentation
End of Presentation 57
PT Summarecon Agung — Investor Presentation (August 2024) on 6ix