PT Surya Semesta Internusa Tbk · IDX:SSIA
PT Surya Semesta Internusa Tbk — 9M 2013 Earnings Presentation
43 slides from PT Surya Semesta Internusa Tbk's earnings presentation, 2013
Slide 1: Review 9 Months of 2013
PT SURYA SEMESTA INTERNUSA TBK (“SSIA”) Review 9 Months of 2013 www.suryainternusa.com 0
Slide 2: Table of Contents
Surya Semesta Internusa Table of Contents in Summary • Vision and Mission • Investment Highlights Review of Business Segments • History • Major Subsidiaries, CONSTRUCTION Shareholders & Management • PT Nusa Raya Cipta (“NRC”) • Investment Portfolio • Indonesia Economic PROPERTY Indicator • PT Suryac
Slide 3: Surya Semesta Internusa in Summary
Surya Semesta Internusa in Summary 2
Slide 4: Vision and Mission
Vision and Mission Vision To build a better Indonesia through a reliable , trusted and respected Indonesia property, hospitality and construction group of companies Mission To provide quality products and superior services, through the commitment and excellence of our people, and create optimal valu
Slide 5: Investment Highlights
Surya Semesta Internusa in Summary Investment Highlights • SSIA’s primary businesses are Construction, Property (industrial estate, real estate and rental property) and Hospitality. • The company is listed on the Indonesia Stock Exchange. • SSIA has a stable base of well-respected long term sharehol
Slide 6: History
Surya Semesta Internusa in Summary History Year Milestone 1971 Established as a property development company to develop the Golden Triangle area in Kuningan, South Jakarta, Indonesia 1976 Built Glodok Plaza, Indonesia’s first modern shopping center in Chinatown, Jakarta, Indonesia 1983 Developed Mel
Slide 7: Major Subsidiaries and Associates, Shareholders & Management
Surya Semesta Internusa in Summary Major Subsidiaries and Associates, Shareholders & Management Construction Hospitality PT Nusa Raya Cipta “(NRC”) 67.20% PT Suryalaya Anindita International (“SAI”) 86.79% PT Baskhara Utama Sedaya (“BUS”) – Associates *) 45.62% PT Ungasan Semesta Resort (“USR”) 100%
Slide 8: Investment Portfolio as at 30 September 2013
Surya Semesta Internusa in Summary Investment Portfolio as at 30 September 2013 Construction PT Nusa Raya Cipta (“NRC”) Construction services Top 3 privately-owned (revenue) Property PT Suryacipta Swadaya (“SCS”) Suryacipta City of Industry, Karawang, West License of 1,400 ha (gross) Java Details of
Slide 9: Indonesian Economic Indicators
Indonesian Economic Indicators Source: Bank Indonesia, Indonesian Bureau Statistics 8
Slide 10: 9M2013 Financial Highlights
9M2013 Financial Highlights • SSIA recorded consolidated revenue of IDR 3,350b in 9M2013, increased by 26% from 2,658b in 9M2012 on the back of: • Strong performance from construction business unit which booked revenue of IDR 2,041b in 9M2013, increased by 41% compared to IDR 1,447b in 9M2012. Contr
Slide 11: Consolidated Operating Results
Financial Highlights Consolidated Operating Results (Rp in billions, unless stated otherwise) 2008 *) 2009 *) 2010 **) 2011 2012 9M12 9M13 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 1,753 1,484 1,690 2,879 3,565 2,658 3,350 Revenue Growth 44% -15% 14% 70% 24% 22% 26% Gross P
Slide 12: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment In Rp Bio 2008 2009 2010 2011 2012 9M12 9M13 In Percentage 2008 2009 2010 2011 2012 9M12 9M13 Construction 1,195 873 978 1,520 1,870 1,447 2,041 Construction 68% 59% 58% 53% 52% 54% 61% Hospitality 155 347 413 449 473 337 416 Hospitality
Slide 13: Consolidated EBITDA by Main Business Segment
Financial Highlights Consolidated EBITDA by Main Business Segment In Rp Bio 2008 2009 2010 2011 2012 9M12 9M13 In Percentage 2008 2009 2010 2011 2012 9M12 9M13 Construction 68 45 66 99 144 110 195 Construction 43% 32% 30% 19% 15% 15% 24% Hospitality 54 96 100 109 132 89 121 Hospitality 34% 69% 45% 2
Slide 14: Consolidated Net Profit by Main Business Segment
Financial Highlights Consolidated Net Profit by Main Business Segment In Rp Bio 2008 2009 2010 2011 2012 9M12 9M13 Construction 33 10 26 32 65 56 113 Hospitality 14 26 13 4 17 5 29 Property (25) 13 34 235 646 497 433 Other - PPI (5) (16) (5) - - - - Other - Holding (29) (15) 47 (14) (20) (7) (88) To
Slide 15: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet –31 December 2008 to 2012 and 30 September 2012/2013 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 30-Sep-12 30-Sep-13 In Rp Billions Audited Audited Audited Audited Audited Unaudited Unaudited Current Assets 712 616 765 1,446 2,920 2,012 3,102 Cas
Slide 16: Balance Sheet Summary
Financial Highlights Balance Sheet Summary – 31 December 2008 to 2012 and 30 September 2012/2013 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 30-Sep-12 30-Sep-13 Bank/Third parties Loan IDR denominated in Rp Billion 80 307 367 466 1,316 408 1,282 US$ denominated in US$ Million 59.6 46.9 43.1 18
Slide 17: Review of Business Segments
Review of Business Segments 16
Slide 18: Construction - PT Nusa Raya Cipta
CONSTRUCTION - PT Nusa Raya Cipta (“NRC”) 17
Slide 19: Construction Business Unit: PT Nusa Raya Cipta
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta • PT Nusa Raya Cipta (“NRC”) is one of Indonesia’s leading private construction companies, specializing in high-rise buildings, commercial complexes, and medium-to-large scale manufacturing facilities • Over the years, it has been o
Slide 20: Construction Business Unit: Major Projects and Contracts
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta Major Projects and Contracts • Some major projects obtained in 2013, including: − Crowne Plaza Hotel - Bandung 2009-2012 Major Projects − Ciputra World 2 - Jakarta Cosmo Terrace Retail and Mall Alam Sutera, Apartment , Jakarta Serpo
Slide 21: Photos of Projects by NRC – High Rise Buildings
Photos of Projects by NRC – High Rise Buildings Cyber Green Office – BSD City Ciputra World Ambassade Residences, Kuningan Grand Aston Hotel - Yogyakarta Mall Alam Sutera, Serpong Royal Mediterania Garden Residence, Tanjung Duren 20
Slide 22: Photos of Projects by NRC – Infrastructure
Photos of Projects by NRC – Infrastructure Improvement on Tangerang-Merak Toll Road Construction of Jetty, East Kalimantan 21
Slide 23: Property
PROPERTY - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) 22
Slide 24: Property: Description
Financial Highlights Property: Description • PT Suryacipta Swadaya (“SCS”) develops and currently manages the Suryacipta City of Industry – a 1,400 ha industrial estate in Karawang, West Java (55 km from Jakarta, 65 km from Tanjung Priok Seaport and 80 km from International Airport) • PT TCP Internu
Slide 25: Property: Operating Result
Financial Highlights Property: Operating Result (Rp in billions) 2008 2009 2010 2011 2012 9M12 9M13 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 167 105 235 909 1,222 875 893 Gross Profit 63 33 100 358 796 605 564 EBITDA 38 16 73 328 738 556 536 Operating Profit 25 3 52 312 72
Slide 26: Foreign and Domestic Direct Investment vs Industrial Land Sales in West Java
Statistic of Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area (RHS) Source: BKPM (Indonesia Investment Coordinating Board) and Colliers Research 25
Slide 27: Industrial Estate Sector Research
Industrial Estate Sector Research Source: Colliers 3Q2013 Research 26
Slide 28: Property: Industrial Estate Review
Financial Highlights Property: Industrial Estate Review Government support for industrialization leads to higher FDI inflow and expansion of domestic manufacturers as they have fully utilized their capacity, spurs demand for land in industrial estate. 2008 2009 2010 2011 2012 9M12 9M13 Land sold (ha
Slide 29: Property: Industrial Estate Review
Financial Highlights Property:Industrial Estate Review Licence (ha) - gross 1,400 (including commercial 42 ha) Major Tenants: Phase 1 and 2 (ha) - gross 1,000 • Foreign-owned −Bridgestone Tire, Japan (37 ha) Industrial land (ha) - net 768 −TVS, India (40 ha) Sold up to 30 Sep 2013 (ha) - net 739 −Be
Slide 30: Suryacipta Master Plan
xi ux ¥ suryainternusa U XX) Wan Suryacipta Master Plan y ‘Ab dy, as CRSA A 'Y OF INDUSTRY INDONESIA 29
Slide 31: Property: Rental Property Review
Financial Highlights Property: Rental Property Review • Rental properties, Graha Surya Internusa office building (GSI) and Glodok Plaza (GP) booked relatively stable rental income. Occupancy Rate 2008 2009 2010 2011 2012 9M12 9M13 GSI 99% 85% 89% 90% 92% 91% 74% GP 71% 72% 72% 81% 84% 87% 90% Revenu
Slide 32: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Commercial Area Developement Suryacipta City of Industry Entrance 31
Slide 33: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Toll Exit Leading to Suryacipta City of Industry Cut and Fill Work in Phase 3 32
Slide 34: Hospitality
Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) 33
Slide 35: Hospitality Business: Description
Financial Highlights Hospitality Business: Description PT Suryalaya Anindita International (“SAI”) owns two five-star hotel properties: • Gran Meliã Jakarta (“GMJ”) and • Meliã Bali Villas & Spa Resort (“MBH”) PT Ungasan Semesta Resort (“USR”), together with Banyan Tree Hotels and Resorts Ltd. Singa
Slide 36: Hospitality Business: Operating Result
Financial Highlights Hospitality Business: Operating Result (Rp in billions) 2008 2009 2010 2011 2012 9M12 9M13 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 352 347 413 449 473 337 416 Gross Profit 237 232 274 291 321 228 277 EBITDA 120 97 100 109 132 89 121 Operating Profit 9
Slide 37: Hospitality Business: Review
Financial Highlights Hospitality Business: Review 36
Slide 38: Hospitality Business: Review 9M2013
Financial Highlights Hospitality Business: Review 9M2013 • Melia Bali Hotel maintained their performance with occupancy rate 80% with average room rate of US$105 albeit fierce competition among hotels in Bali. • The renovation works in Gran Melia Jakarta finished last October and resulted in increas
Slide 39: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Café Gran Via Lobby Guest Room 38
Slide 40: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel Villa Main Pool Aerial View, MBH Nusa Dua Family Suite Room 39
Slide 41: Photos of Banyan Tree Ungasan Resort
Photos of Banyan Tree Ungasan Resort 40
Slide 42: Construction, Property and Hospitality Outlook
Construction and Infrastructure: Starting the milestone infrastructure project: Cikampek-Palimanan Toll Road, which IDR7.7Tn contract already obtained by Joint Operation NRC-Karabha in October 2012 and targeting to finish by Aug 2015. Property: Industrial Estate will continue development of phase 3
Slide 43: Thank You
suryainternusa Thank You INDONESIA 42
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