PT Lippo Cikarang Tbk · IDX:LPCK
PT Lippo Cikarang Tbk — H1 2017 Earnings Presentation
48 slides from PT Lippo Cikarang Tbk's earnings presentation, 2017
Slide 1: PT. Lippo Cikarang Tbk 6M 2017
PT. Lippo Cikarang Tbk 6M 2017 Largest Integrated Township East of Jakarta
Slide 2: Disclaimer
PT LIPPO CIKARANG TBK I INDONESIA Disclaimer This presentation has been prepared by PT Lippo Cikarang Tbk (“LPCK”) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute are commendation regarding the securities of
Slide 3: Table of Content
PT LIPPO CIKARANG TBK I INDONESIA Table of Content Corporate & Business Structure 1 Growth Strategies 2 Revenue & EBITDA Contribution 3 Income Statements 4 Map of Lippo Cikarang and Meikarta 5 Leadership Teams 6- 7 Meikarta Projects 8 - 22 Other Lippo Cikarang Projects 23 - 26 Services 27 - 29 Compl
Slide 4: Corporate & Business Structure
PT LIPPO CIKARANG TBK I INDONESIA Corporate & Business Structure PT. Lippo Karawaci Tbk Public 54.37% 45.63% As of 30 June 2017 No. of outstanding share : 696,000,000 Code : LPCK.IJ Lippo Cikarang Meikarta (CBD:Orange County) East Jakarta Corridor Trivium Terrace Apartment Meikarta Residential :
Slide 5: Growth Strategies
PT LIPPO CIKARANG TBK I INDONESIA Growth Strategies Lippo Cikarang Meikarta East Jakarta Corridor Enhance landbank value via visionary Boosting marketing sales to capitalize Diversifying landbank to cover Residential masterplan to develop a leading edge on favorable demographic trends and stra
Slide 6: Revenue & EBITDA Contribution
PT LIPPO CIKARANG TBK I INDONESIA Revenue & EBITDA Contribution REVENUE 6M 2017: RP 842 Billion EBITDA 6M 2017: RP 284 Billion Residential Residential 75% 72% Services Commercial Services 16% 7% 11% Industrial 2% Industrial Commercial 2% 15% 3
Slide 7: Income Statements
PT LIPPO CIKARANG TBK I INDONESIA Income Statements REVENUE 6M’17: RP 842 BILLION EBITDA 6M’17: RP 284 BILLION REVENUE 6M’16: RP 869 BILLION EBITDA 6M’16: RP 387 BILLION Revenue EBITDA (Rp Billion) (Rp Billion) 635 204 191 381 95 218 142 137 52 49 128 41 32 54 16 7 Residential Commercial Industrial
Slide 8: Map Lippo Cikarang
PT LIPPO CIKARANG TBK I INDONESIA Map Lippo Cikarang Existing Industrial Orange County CBD Industrial Landbank EJIP (Sumitomo) BIIE (Hyundai) Existing Residential Residential Houses > 14,000 Condominium > 1,850 Shophouses > 1,216 Industrial > 993 Global Client Toyota Tsusho, Hankook, Danone, Epson,
Slide 9: Board of Commisioners
PT LIPPO CIKARANG TBK I INDONESIA Board of Commisioners Lee Heok Seng Ketut Budi Wijaya Setyono D. Darmono Hadi Cahyadi President Vice President Independent Independent Commissioner Commissioner Commissioner Commissioner Hendry Leo Sugiono Djauhari Chan Chee Meng Independent Commissioner Commissione
Slide 10: Board of Directors
PT LIPPO CIKARANG TBK I INDONESIA Board of Directors Toto Bartholomeus Hong Kah Jin President Director & Director Independent Director Ivan Budiono Ju Kian Salim Director Director 7
Slide 11: Surrounded by 6 Industrial Estates + 6 new infrastructures + Direct Toll Access
Corridor of extraordinary economic growth. Surrounded by 6 Industrial Estates + 6 new infrastructures + Direct Toll Access JAKARTA BANDUNG 8
Slide 12: 6 New Infrastructures by 6 Industrial Estates
Corridor of extraordinary economic growth. 66New NewInfrastructures by 6 Industrial Estates Infrastructures Surrounded + 6 new infrastructures + Direct Toll Access PATIMBAN DEEP SEAPORT LRT CAWANG –BEKASI TIMUR – CIKARANG EST. VALUE : Rp PATIMBAN 40T DEEP LRT CAWANG EST. VALUE –T : Rp 3,2 COMPLETED
Slide 13: Future Transportation
PT LIPPO CIKARANG TBK I INDONESIA FUTURE TRANSPORTATION APM Artist Impression Current Progress LRT Future Cawang _Bekasi LRT Artist Impression Future Integrated Transportation 10
Slide 14: Master Plan
Master Plan Disclaimer: all drawings and layout is subject to change for improvement. 11 9
Slide 15: 4 Layers of Well Planned Road Networks
4 LAYERS OF WELL PLANNED ROAD NETWORKS LRT / Monorail, Bus at below street level 12
Slide 16: Shopping Streets
Shopping Streets | | may V /
Slide 17: Central Park of 100 Ha
Central Park of 100 Ha Mini zoo, Lake, Forest, Lawn, Jogging & Walking track 14
Slide 18: Central Park of 100 Ha: Latest Construction Progress
Central Park of 100 Ha Latest Real Construction Progress 15
Slide 19: Meikarta: Latest Real Construction Progress
Meikarta Latest Real Construction Progress 16
Slide 20: The 5 Pillars of Development
The 5 Pillars Innovative of Development Centre of Infrastructure & Art, Culture, transportation Education, & Health HIGH Tech Business & CBD & Commercial Research uGreen, Hub Hub Sustainable, & Beautiful Environment • Massive Scale of Development • New benchmark & trendsetter for future city • not o
Slide 21: American Style
SOLD (AS OF 30 JUNE 2017) Launched Date 13 May 2017 American American Style Style Asian Style Marketing Sales Rp 2,4 trillion Total Units 6.215 Area (sqm) 362.112 Est. ASP/ sqm Rp 6,5 - 7,8 mn PAYMENT PROFILE Cash 15 % Mortgage 53 % Installment 32 % European Style Modern Style 18
Slide 22: American Style Tower S
American Style TOWER S 20 Units/ Floor Choice of Apartment Units: • From: • Studio (21.91 m2) • 2 BR (33.37 – 62.30 m2) • 3 BR (63.82 – 75.23 m2) • 4 BR (82.98 – 98.29 m2) • 37 Floors 19
Slide 23: Tower Type A
2 Bedroom Tower Type A A ± 58,96 m2 D ± 60,54 m2 E ± 62,30 m2 4 Bedroom B ± 82,98 m2 D E C ± 98,29 m2 F ± 85,30 m2 A Unit D C F American Style 3 Bedroom B G ± 75,23 m2 H ± 63,82 m2 G H Unit G Unit C 20
Slide 24: Tower Type B
2 Bedroom Unit H Tower Type B F ± 49,76 m2 G ± 47,11 m2 H ± 56,75 m2 I ± 52,56 m2 J ± 42,58 m2 K ± 42,58 m2 L ± 52,58 m2 Unit E American Style H F G I J K L 3 Bedroom A B C D A ± 68,73 m2 E B ± 64,92 m2 C ± 66,96 m2 D ± 68,73 m2 E ± 73,11 m2 21
Slide 25: Tower Type S
Tower Type S Studio and 2 Bedroom A/ a ± 21,91 m2 B/ b ± 21,91 m2 C/ c ± 35,76 m2 D/ d ± 50,42 m2 E/ e ± 33,37 m2 American Style 22
Slide 26: Trivium
PT LIPPO CIKARANG TBK I INDONESIA TRIVIUM North Tower Launched : 24 Nov 2012 SGA Sold : 20,142 sqm South Tower (422 unit) ASP : Rp 12,1 Mil / sqm The Suites North Tower (362 unit) Pre – Sold : Rp 245 bil (100%) (368 unit) Payment : Cash 19% Profile Mortgage 23% Instalment 58% South Tower Launched :
Slide 27: Orange County
PT LIPPO CIKARANG TBK I INDONESIA ORANGE COUNTY IRVINE SUITES Launched : 29 Nov 2014 SGA Sold : 24,545 sqm ASP : Rp 13,6 Mil / sqm Pre – Sold : Rp 333 bil (100%) Payment : Cash 5% Profile Mortgage 3% Instalment 92% WESTWOOD SUITES Launched : 29 Nov 2014 SGA Sold : 21,677 sqm ASP : Rp 14,6 Mil / sqm
Slide 28: Latest Construction Progress Orange County
PT LIPPO CIKARANG TBK I INDONESIA Latest Construction Progress Orange County 25
Slide 29: East Jakarta Corridor
PT LIPPO CIKARANG TBK I INDONESIA East Jakarta Corridor CIKARANG MARTADINATA Mixed Development Retail : 33,251 sqm Hospital : 16,473 sqm (300 Beds) Hotel : 7,890 sqm KALIMALANG Bekasi Barat Mixed Development Mixed Development Retail : 68,350 sqm Residential : 21,931 sqm Hospital : 25,410 sqm (500 be
Slide 30: Services
PT LIPPO CIKARANG TBK I INDONESIA Services TOWN MANAGEMENT - MUNICIPALITY Infrastructure and landscape maintenance. 24/7 Security and fire brigade. 24 / 7 Call center and customer care. Building control and home care unit. 27
Slide 31: Services
PT LIPPO CIKARANG TBK I INDONESIA Services WATER TREATMENT PLANT WASTE WATER TREATMENT PLANT WTP II capacity : 360 liter/second WWTP capacity : 10,000 Cu M/day WTP III capacity : 150 liter/ second Gas supply by PGN & (Government) Electricity supply by PAE, Wira Energi PLN (Government) & (Private-LNG
Slide 32: Services
PT LIPPO CIKARANG TBK I INDONESIA Services EASY ACCESS IN & OUT JAKARTA Cikarang Train Station Lemahabang Train Station PREMIUM SHUTTLE BUS TO TRAIN STATION 23.9 KM – 15 MINS Lippo Cikarang Bus Station Direct access toll gate 34+700 Cibatu/Lippo Cikarang Bus Route to Train Station TRAIN TO DUKUH ATA
Slide 33: Complete Public Facilities
PT LIPPO CIKARANG TBK I INDONESIA Complete Public Facilities WATER BOOM INTERNATIONAL HOSPITAL COMMERCIAL CENTER INTERNATIONAL SCHOOL Leisure & Excitement Siloam Hospital Easton Commercial Center Sekolah Pelita Harapan 5 STARS HOTEL 4 STARS Hotel SERVICED APARTMENTS SHOPPING MALL LIFESTYLE MALL Hote
Slide 34: Financial Performance
PT LIPPO CIKARANG TBK I INDONESIA Lippo Cikarang Financial Performance 31
Slide 35: Financial Highlights
PT LIPPO CIKARANG TBK I INDONESIA Financial Highlights REVENUE EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) 915 1.014 846 2.120 932 1.803 1.545 591 646 540 1.328 606 1.013 455 407 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 32
Slide 36: Balance Sheet
PT LIPPO CIKARANG TBK I INDONESIA Balance Sheet IDR Billion Jun 2017 Dec 2016 Dec 2015 Dec 2014 Dec 2013 Assets 6.225 5.653 5.477 4.390 3.854 Debt - - 30 - - Liability 1.669 1.410 1.813 1.712 2.031 Equity 4.556 4.243 3.633 2.678 1.823 Return on Assets 8,4% 9,5% 16,7% 19,3% 15,3% Return on Equity 11,
Slide 37: Marketing Sales
PT LIPPO CIKARANG TBK I INDONESIA Marketing Sales Marketing Sales (IDR Billion) 2013 2014 2015 6M 2016 6M 2017 B 2017 Lippo Cikarang Residential 1.150 638 652 293 (30) 401 Commercial 159 133 53 - 54 - Industrial 389 158 29 6 - 20 Total Lippo Cikarang 1.698 929 734 299 24 421 Orange County Residentia
Slide 38: Appendices
PT LIPPO CIKARANG TBK I INDONESIA Lippo Cikarang Appendices 35
Slide 39: Indonesia's Attractive Growing Market
PT LIPPO CIKARANG TBK I INDONESIA Indonesia’s Attractive Growing Market Economic Indicators 2017 2018 2016 Assumption Assumption Economic Growth (%) 5.02 5.1 5.4 Inflation Rate (%) 3.02 4.0 3.5 Exchange Rate (Rp/USD) 13,436 13,300 13.500 7 Day RR (%) 4.75 5.3 5.3 Oil Price (USD/bbl) 51 45 48 Oil Lif
Slide 40: Indonesian Property Potential Growth
PT LIPPO CIKARANG TBK I INDONESIA Indonesian Property Potential Growth ASIA PACIFIC PROPERTY Rapid urbanisation Growing middle–class RENTAL YIELD Strong savings and income growth INDONESIA 8,61% Low mortgage penetration Property as investment PHILLIPINES 6,13% Improving regulatory enviro
Slide 41: Property Foreign Ownership
PT LIPPO CIKARANG TBK I INDONESIA Property Foreign Ownership LAND TITLES AVAILABLE : 1. Freehold : may be held by Indonesian citizens only (not even by fully Indonesian-owned companies). 2. Right to Build (renewable leasehold) : may be held by Indonesian citizens and any company established in Indon
Slide 42: Jakarta Condominium Market
PT LIPPO CIKARANG TBK I INDONESIA Jakarta Condominium Market Source : Q2’2017 Market Review for Jakarta Jones Lang LaSalle Research 39
Slide 43: Jakarta Industrial Market
PT LIPPO CIKARANG TBK I INDONESIA Jakarta Industrial Market 40
Slide 44: Stock Performance
PT LIPPO CIKARANG TBK I INDONESIA Stock Performance Share Price As Per Jun 30, 2017 Closing Price : Rp 4,110 Day Volume : 128,300 Market Cap : Rp 2.9 trillion 41
Slide 45: Key Milestones
PT LIPPO CIKARANG TBK I INDONESIA Key Milestones 1987-1997 2004-2012 2014 2017 • Construction of Vassa Lake • Opening of Cibatu toll gate Km 34.7. Launch Meikarta, a beautiful megacity The forerunner, PT Desa Dekalb that wll covers 22 million sqm in GFA established in 1987, and was Residence at CBD
Slide 46: Latest Awards
PT LIPPO CIKARANG TBK I INDONESIA Latest Awards Lippo received World Indonesian Record 2017 for selling highest number of apartment Lippo Cikarang received award Lippo Cikarang received award units in a day for Meikarta Indonesia Green Award 2017 Lippo Cikarang received award Indonesia Green Award 2
Slide 47: Shareholder Composition
PT LIPPO CIKARANG TBK I INDONESIA Shareholder Composition Number of Status % Shares Local Shareholder Individual 65.844.114 9,5% Foundation 672.800 0,1% Pension Fund 2.879.400 0,4% Insurance 9.469.500 1,4% Company 412.521.351 59,3% Others 25.000 0,0% Sub Total 491.412.165 70,6% Foreign Shareholder I
Slide 48: Investor Relations
PT LIPPO CIKARANG TBK I INDONESIA Investor Relations Hong Kah Jin – Director Lippo Cikarang Email : hong.kahjin@lippo-cikarang.com Address: Easton Commercial Center Jl. Gunung Panderman Kav.05 Lippo Cikarang Bekasi 17550 T. 021 - 8972484, 8972488 F. 021 – 8972093, 8972493 www.lippo-cikarang.com 45