Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — 9M24 Earnings Presentation
88 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, May 9, 2025
Slide 1: Review Nine Months 2024
PT Surya Semesta Internusa Tbk (“SSIA”) Review Nine Months 2024 www.suryainternusa.com building a better indonesia 0
Slide 2: Table of Contents
Table of Contents Surya Semesta Internusa in Summary 9M24 of Business Segments SSIA In Summary PROPERTY • Development & management of industrial Significant Events estates, real estate, buildings and commercial centers SSIA’s Sustainability • SUBANG SMARTPOLITAN 9M24 Financial Highlights 1Q24 CONSTR
Slide 3: Surya Semesta Internusa in Summary
1 Surya Semesta Internusa in Summary building a better indonesia 2
Slide 4: Corporate Structure and Key Projects
Corporate Structure and Key Projects PT Surya Semesta Internusa Tbk Market cap: IDR 5.8tn / US$ 383mn 63.5% 100% 66.0% 100% 86.8% 100% PT Nusa PT Sitiagung Raya Cipta Makmur Tbk (asset owner) PT Suryalaya PT Surya PT Suryacipta PT TCP Market Cap: PT Ungasan Anindita Internusa Swadaya Internusa IDR 8
Slide 5: SSIA Management - Strong Operating Record
SSIA Management - Strong Operating Record Board of Commissioners >45 Years >25 Years >50 Years >35 Years >35 Years Experience Experience Experience Experience Experience Hagianto Kumala Cresento Hermawan Steen Dahl Poulsen F. Bedjo Wiantono Irawan Chandra President Commissioner Vice President Commis
Slide 6: Company Highlights
Surya Semesta Internusa in Summary Company Highlights Shareholding Structure 8,7% • Established and commenced operations in 1971, SSIA’s primary businesses 8,4% PT Arman Investments Utama are in construction, property and hospitality sectors Intrepid Investments Limited 8,0% PT Persada Capital Inves
Slide 7: PT Surya Semesta Internusa Tbk track record
PT Surya Semesta Internusa Tbk • Operating track record in property sector can be traced back to over 50 years in early 1970s 2022 • Significant growth since IPO 2017 – Raised over IDR 545 billion equity(1) 2014 Divestment of SLP & – Raised over IDR 1,600 billion in debt • Acquired location Divestme
Slide 8: Geographical Presence Across Indonesia
Geographical Presence Across Indonesia Presence in Thirteen Indonesian Cities Subang Karawang Medan Pekanbaru • Acquired location permit of • Regional office for Nusa Raya • Suryacipta City of Industry (1,400ha) • BATIQA Hotel (Business Hotel, 2,717ha Cipta (“NRCA”) 3-star, 133 rooms) - Grand • BATI
Slide 9: Strategic Roadmap
Strategic Roadmap Vision: To be the most a reliable, trusted and respected Indonesia property, construction and hospitality group of companies Continued focus on the construction and development of 1 Indonesian properties Prudent land banking strategy to deliver sustainable and 2 superior profit mar
Slide 10: Significant Events YTD 2024
Significant Events YTD 2024 building a better indonesia 9
Slide 11: BYD Land Purchase Signing Ceremony
BYD Land Purchase Signing Ceremony Jakarta, 30 April 2024 – Subang Smartpolitan Welcomes BYD, First Largest Tenant of Electric Vehicle Manufacturing. BYD became the first largest tenant in the area by occupying an area of over 108 hectares. building a better indonesia 10
Slide 12: EGMS Agreed to Transfer 36.5% of Suryacipta Swadaya Shares
SSIA's EGMS Agreed to Transfer 36.5% of Suryacipta Swadaya Shares SSIA received payment of Rp3.1 trillion for the transaction Jakarta, 23 June 2024 - The Extraordinary General Meeting of Shareholders (EGMS) of PT Surya Semesta Internusa Tbk (SSIA) has approved the plan to sell part of the company's
Slide 13: SSIA SCS Corporate Action with PT Puri Bumi Lestari
SSIA SCS Corporate Action with PT Puri Bumi Lestari (PBL) Before Joint Venture After Joint Venture SSIA TCP SSIA PBL (99.99%) (0.01%) (63.5%) (36.5%) SCS SCS Nominal Value Nominal Value % # of Shares % # of Shares (Billion Rp) (Billion Rp ) SSIA 99.99 1,827,737,601 1,828 SSIA 63.5 1,771,928,821 1,77
Slide 14: SSIA SCS Corporate Action with PBL
SSIA SCS Corporate Action with PBL Nominal Value Valuation % # of Shares (Billion Rp ) (Billion Rp) SSIA 63.5 1,771,928,821 1,772 5,392 PBL* 36.5 1,018,510,267 1,019 3,099 Total 2,790,439,088 2,790 8,491 * 55.8mn shares (2%) purchased from SSIA, 962.7mn new shares (34.5%) in SCS * Rp 170bn in SSIA,
Slide 15: SSIA's Sustainability
SSIA’s Sustainability building a better indonesia 14
Slide 16: 4-pillar ESG strategy
SSIA’s Sustainability: 4-pillar ESG strategy lays the foundation to create holistic long-term value for our stakeholders Sustainability Strategy: ESG Pillars SSIA ESG Material Issues Product • Product and Service Quality Sustainability is an integrated part of SSIA’s Delivering sustainable • Custome
Slide 17: Sustainability Achievement 2023
Sustainability Achievement 2023 building a better indonesia 16
Slide 18: Review 9M24
Review 9M24 building a better indonesia 17
Slide 19: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (9M23) Revenue Across Business Segments (9M24) IDR 3,020bn IDR 3,862bn Property 13% Property 17% Construction 65% Construction 63% Hospitality 22% Hospitality 20% 0,0% 20,0% 40,0% 60,0% 80,0% Property 0,0% 20,0% 40,0% 60,0% 80,0% Cons
Slide 20: 9M24 Financial Highlights
9M24 Financial Highlights Consolidated Revenue Gross Profit (9M32 vs 9M24, IDR Billions) (9M23 vs 9M24, IDR Billions) 3,862 1.175 3,020 772 9M23 9M24 9M23 9M24 EBITDA Net Income (9M23 vs 9M24, IDR Billions) (9M23 vs 9M24, IDR Billions) 660 228 340 9M23 9M24 -24 9M23 9M24 building a better indonesia
Slide 21: 9M24 Financial Highlights
9M24 Financial Highlights Property Segment Revenue (9M23 vs 9M24, IDR Billions) 676 414 9M23 9M24 Construction Segment Revenue Hospitality Segment Revenue (9M23 vs 9M24, IDR Billions) (9M23 vs 9M24, IDR Billions) 2.527 821 1.994 666 9M23 9M24 9M23 9M24 building a better indonesia 20
Slide 22: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2018-9M24, IDR Billions) 4,538 4,006 905 3,862 3,682 3,615 811 3,020 821 803 2,947 595 220 666 2,353 191 2.886 2.611 2.456 2.527 2.454 2.082 1.665 1.994 588 652 623 854 676 442 520 414 2018 2019 2020 2021 2022 2023 9M23 9M24 Property Construc
Slide 23: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 56,3% 54,8% 80% 64,4% 65,0% 67,1% 62,4% 49,8% 60% 50% 47,4% 41,6% 40% 20% 40% 38,6% 0% 2021 2022 2023 9M23 9M24 30% Construction Gross Margins(1) % 15% 20% 11,4% 11,1% 10,8% 10,4% 10,6% 10% 10% 5% 0% 0% 2021 2022 2023 9
Slide 24: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2019 2020 2021 2022 2023 9M23 9M24 Revenue 4,006 2,947 2,353 3,615 4,538 3,020 3,862 Revenue Growth 9% -26% -20% 54% 26% 22% 28% Gross Profit 1,091 635 517 918 1,327 772 1,175 Gross Profit Margin 27% 22% 22% 25% 29% 26% 30% EBITDA 533
Slide 25: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 9M23 9M24 Property 588 652 520 623 854 414 676 Segment 15% 22% 22% 17% 18% 13% 17% percentage Construction 2,611 2,082 1,665 2,456 2,886 1,994 2,527 Segment 65% 71% 70% 67% 62% 65% 63% percentage
Slide 26: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 9M23 9M24 Property 244 281 202 221 370 84 280 Segment percentage 42% 94% 90% 43% 45% 21% 39% Construction 163 130 100 171 205 130 183 Segment percentage 28% 44% 45% 33% 25% 32% 26% Hospitality 177
Slide 27: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 9M23 9M24 Property 159 104 9 35 206 -28 238 Segment 58% -341% -8% 51% 55% -25% 58% percentage Construction 105 59 55 75 100 78 84 Segment 39% -194% -47% 109% 26% 70% 21% percentage Hospitality
Slide 28: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 9M24 Current Assets 4,058 3,004 3,008 3,325 3,235 5,262 Cash & ST Investments 1,527 851 782 1,136 1,219 1,890 Account Receivables 1,515 1,419 1,405 1,542 1,443 1,603 Inventories 422 490 553 376 314 1,197 Ot
Slide 29: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2019 2020 2021 2022 2023 9M24 Bank/Third parties Loan IDR denominated in IDR Billions 1,194 1,305 1,245 1,514 2,526 831 US$ denominated in IDR Billions 662(1) 676(1) 1,059(1) 1,034(1) - - Total Debt in IDR Billions 1,856 1,981 2,304 2,548
Slide 30: Macro Economic
2 Macro Economic building a better indonesia 29
Slide 31: Macro Economic Condition
Macro Economic Condition Global Economic Growth Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation using Oct 2024 IMF Outlook *2024F-2026F using Oct 2024 IMF Outlook *2024F-2026F using Oct 2024 IMF Outlook 10,0 8,9 10,0 9,2 Advanced EMDE 8,1
Slide 32: Macroeconomic Trends
Macroeconomic Trends Indonesia’s Shrinking Middle Falling Inflation in Indonesia: Prabowo Targets 8% Growth Indonesia’s 5 Super Priority Class: A Growing Concern for Could Deflation Be Next Through Industry and Destinations to Boost Economic Stability Innovation Economy & Hospitality Sector o Indone
Slide 33: Review of Business Segments
3 Review of Business Segments building a better indonesia 32
Slide 34: Property - SCS and TCP
PROPERTY 2.1 - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) building a better indonesia 33
Slide 35: FDI and DDI Realization vs Industrial Land Sales West Java
Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area in (RHS) 100 96 480 45,6 90 84 84 430 80 38,5 380 71 320 70 330 62 40,5 60 57 280 30,6 28,7 209 214 33,4 50 230 40 213 133 180 191 30 130 50,3 45,6 20 37,8 43,6 80 28,7
Slide 36: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q3 2024 Research. Note: IDR15,820 = 1 USD building a better indonesia 35
Slide 37: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q3 2024 Research. Note: IDR15,820 = 1 USD building a better indonesia 36
Slide 38: Manageable Risk Business Model (Industrial/Property)
Manageable Risk Business Model Master Plan Basic Infrastructure & Marketing Sales Sites Preparation & Finishing 6-12 Months 18 Months 6-12 Months Land Create Build basic infrastructure Completion and acquisition masterplan Preparation of site Handover (Industrial/Property) Business Model Execute Int
Slide 39: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Suryacipta City of Industry Tanjung Priok Seaport Soekarno-Hatta International Airport Subang Smartpolitan Patimban Seaport Both projects are directly Halim Kertajati connected to the main toll road Perdanakusuma International Airport Ai
Slide 40: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Patimban Soekarno-Hatta 5 Seaport International Airport Tanjung Priok 1 Jakarta-Surabaya High Speed Railway Seaport 2 Jakarta-Cikampek Elevated Toll Road To Central & East Java → KM KM KM KM KM KM KM KM KM KM KM JAKARTA 16 21 24 31 34 37
Slide 41: Property Business Segment
Property Business Segment Suryacipta Karawang & Subang Smartpolitan ASP (in thousand Rp / sqm) 1.967 1.788 1.775 1.851 1.911 1.478 602 2017 2018 2019 2020 2021 2022 2023 Property Business Segment Revenue (2018-1H24, IDR Billions) 854 169 652 623 676 588 47 59 520 126 71 299 442 242 236 92 414 71 220
Slide 42: High Quality Projects in Suryacipta City of Industry
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix To Jakarta Home of 150 prestigious global companies Industrial Area Commercial Area Utility West Karawang Community Facilities Sold Area Interchange Jakarta – Cikampek Toll Gate AUTOM OTI VE BUILDING SUPPLIES To
Slide 43: Tenant Landbank by Sector and Country
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix Tenant Landbank by Sector Tenant Landbank by Country Warehouse & Logistics; 4,6% Textile & Garment; 1,0% Steel & Metal; 4,0% Europe & Pharmaceutical US; 9% ; 2,3% Other; 3,9% Japan; Asia 49% exclude Oil & Gas; 0
Slide 44: Industrial Estate Review: Marketing Sales
Business Segment Property: Industrial Estate Review Marketing Sales Land Sales Location 2018 2019 2020 2021 2022 2023 9M23 9M24 8.3 17.8 5.6 10.1 10.0 18.2 2.5 18.9 Suryacipta Karawang (ha) - - - - 2.0 2.0 2.0 122.9 Subang Smartpolitan (ha) 1 - 86.2 3.2 3.7 4.2 5.3 0.9 11.0 Others* (ha) TOTAL Sales
Slide 45: Industrial Estate Review: Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2018 2019 2020 2021 2022 2023 9M23 9M24 8.7 17.1 6.2 8.8 10.2 17.2 0.7 15.2 Suryacipta Karawang (ha) - - - - - 2.3 2.0 1.7 Subang Smartpolitan (ha) 1 - 2.3 84.0 4.2 5.2 2.6 2.6 15.1 Others* (ha) TOTAL Sales Valu
Slide 46: Edenhaus Simatupang
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses Edenhaus Marketing Sales ✓ 41 units (Rp299 billion) sold per 1H24 (unit) 38 units (Rp277.6 bn) booked as Revenue as of 9M24 10 9 14 6 2 FY20 FY21 FY22 FY23 1H24 building a better indonesia 45
Slide 47: Glodok Plaza & Edenhaus Simatupang
Business Segment Property: Glodok Plaza & Edenhaus Simatupang Occupancy Rate (%) – Glodok Plaza Revenue (in IDR billions) – TCP INTERNUSA 90% 200 82% 82% 83% 80% 79% 80% 180 169 70% 160 139 140 60% 126 120 50% 100 40% 80 74 30% 60 47 20% 40 10% 20 0% 0 2021 2022 2023 9M23 9M24 2021 2022 2023 9M23 9M
Slide 48: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue 2018 2019 2020 2021 2022 2023 9M23 9M24 (in IDR Billions) Industrial Estate (SCS) 154 297 357 166 207 386 56 387 Land Sales Industrial Estate (SCS) 217 220 236 263 290 299 219 242 Non-Land Rental Property 71 71 59 92 126 169 139 47 (TCP & Others)
Slide 49: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 9M23 9M24 Revenue 442 588 652 520 623 854 414 676 Revenue Growth 7% 33% 11% -20% 20% 37% 13% 63% Gross Profit 225 307 339 259 295 468 160 381 Gross Margin 51% 52% 52% 50% 47% 55% 39% 56% EBITDA 175 244 2
Slide 50: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Suryacipta City of Industry Entrance Commercial Area Developement Suryacipta City of Industry Factory Toll Exit Leading to Suryacipta City of Industry building a better indonesia 49
Slide 51: Photos of Subang Smartpolitan
Photos of Subang Smartpolitan Diamond Bay Area Smartpolitan Toll Gate Master Plan Subang Smartpolitan Main Bridge building a better indonesia 50
Slide 52: Subang Smartpolitan
ii SUBANG SMARTPOLITAN BY SURYACIPT Aisa = Sh eS 9 OW rr surmncitra sunonva _
Slide 53: Subang Smartpolitan Location
Subang Smartpolitan Location Strategic Location ▪ The future of industrial corridor; ▪ Within the Rebana Metropolitan; ▪ Direct toll access (via Trans-Java toll road network); A ARTA ▪ Direct Access to Patimban Seaport; ▪ Direct Access to West Java International Airport (Kertajati); BANTEN ▪ Connect
Slide 54: Subang Smartpolitan Accessibility
Subang Smartpolitan Accessibility Pringkasap Station Patimban Seaport + 40 km (direct access via Patimban Toll Road) Toll Gate (2025) ▪ Direct Toll Access Jakarta - Surabaya Railroad (existing) Direct toll access via KM89 Intersection (2025) Cikopo-Palimanan (Cipali) Toll Road Cipali - Patimban Toll
Slide 55: Subang Smartpolitan Project Timeline
Subang Smartpolitan Project Timeline Phase 1 Subang Smartpolitan, the - Development : Q4 2020 pioneer of smart and - Handover : Q3 2023 sustainable city development, - Operation : Q4 2024 Leverages technology and Toll Road to Patimban IOT to promote efficiency and - Development : Q4 2024 security. -
Slide 56: Masterplan
MASTERPLAN Patimban Toll Road Q1 2026 (direct access to Patimban Seaport) Capacity No Item Schedule (1st Stage) 1 Access road Dec 2024 (permanent road) 2 Toll Exit Q1 2026 Dec 2024 Toll gate Q1 2026 3 Electricity Supply Jan 2026 4 Water Treatment Plant Sep 2024 5,000 M3/day Direct Access from Cipali
Slide 57: Vision: pioneer of smart and sustainable city
Vision: “To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place” Subang Smartpolitan is the first integrated township in Indonesia built with smart and sustainable concept from the ground-up – with 4 pillars as the key propos
Slide 58: Vision Statement Translated to Township Components
Vision Statement is translated to the components of the township To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place Education and Business Connectivity Community Pillars Innovation (Subang A place for An integrated platfo
Slide 59: Smart Infrastructures
Subang Smartpolitan Smart Infrastructures Smart Connectivity Smart Grid Sensor High-speed Multiple Fiber Microgrid Monitoring connection Optic Network system System IoT Network (e.g., LoRaWAN, NB-IoT, etc.) Smart & Sustainable Water System Intelligent Monitoring & Control Sensor Geographical Water S
Slide 60: Smart & Sustainable Water – Sensor Monitoring System
Subang Smarpolitan Smart & Sustainable Water – Sensor Monitoring System Data transmission via internet Cloud Server Proceed Monitoring Central Coordinator Maintenance Station (GSM/GPRS module, micro controller) Pressure change detected ! Leaked Pipes Problem Fixed Pressure and Water distribution sys
Slide 61: Sustainability Efforts
Subang Smartpolitan Sustainability Efforts 2022 2024 2025 2026 onwards • Finalisation of WSUD • Finalise PLN agreement for • Solar farm stage 1 • Designate parking areas Detailed Engineering green energy commissioning & for trucks. Design. • Smartpolitan’s infrastructures distribution. • Biomass ass
Slide 62: Patimban Seaport vs. Tanjung Priok Seaport
Subang Smartpolitan Patimban Seaport vs. Tanjung Priok Seaport PREFERENCE OF AUTOMOTIVE MANUFACTURERS IN HINTERLAND PATIMBAN VS. TANJUNG PRIOK FUTURE CAPACITY 11,50 M 11,50 M 7,50 M 7,50 M 7,50 M 5,50 M 3,75 M 0,25 M 32% 600 K 600 K 600 K Patimba n 350 K 350 K 350 K 350 K Tanjung Priok 218 K 68% Sou
Slide 63: Patimban Seaport Development Masterplan
Subang Smartpolitan Patimban Seaport Development Masterplan Phase I-1 Phase II • Container Terminal: • Container Terminal: 250,000 TEUs 5,000,000 TEUs • Car Terminal : • Car Terminal: 218,000 CBU 600,000 CBU • Draft: 10m 2023-2025 2028-2032 2018-2021 2025-2027 Phase I-2 Phase III • Container Termina
Slide 64: Construction - PT Nusa Raya Cipta Tbk
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 63
Slide 65: Manageable Risk Business Model (Construction)
Manageable Risk Business Model Appointment Delivery and Process Payment Process between Working Parties Handover (Up to 1 year) 1 – 3 Years 6 – 12 months Tender Invitation Final Delivery Retention And Period Payment of Retention Business Model (Construction) Tender Submission Negotiation Advance Pay
Slide 66: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2019-2023, Revenue, IDR Trillions) (9M23-9M24, Revenue, IDR Trillions) 3,0 4,5 4,0 2,9 2,50 3,5 2,3 2,10 2,20 2,10 3,0 2,00 2,5 1,60 2,0 1,2 1,5 0,90 1,0 0,60 0,5 0,0 2019 2020 2021 2022 2023 9M23 9M24 Nusa Raya Cipta
Slide 67: Construction: Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects (in IDR Billions) 2021 2022 2023 9M23 9M24 New Contract Classification (in IDR billions) 2,679 2,352 2,925 2,296 3,118 Contract on hand - 2,321 3,202 3,129 3,129 3,088 6% beginning 16% 6% 16% 21% 13% 16% 12% 13% 12% 12% Contract
Slide 68: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2019 2020 2021 2022 2023 9M23 9M24 Revenue 2,618 2,086 1,670 2,462 2,896 2,001 2,534 Revenue Growth 7% -20% -20% 47% 18% 13% 27% Gross Profit 274 229 190 266 321 209 269 Gross Margin 10% 11% 11% 11% 11% 10% 11% Income from JO -1 -6 -
Slide 69: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 9M24 Assets Cash & Cash Equivalents 689 578 496 647 615 579 Account Receivable 1,468 1,381 1,400 1,552 1,464 1,736 Project Advance 34 22 33 33 15 51 Others 272 241 214 223 242 240 Total Assets 2,463 2,221 2,14
Slide 70: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Condotel Cihampelas Walk - Bandung Hotel Oakwood – Slipi, Jakarta Creativo Bintaro - Tangerang Indigo Hotel Dago Pakar Resort DP Mall Expansion - Semarang Hilton Hotel - Padalarang - Bandung building a better indonesia 69
Slide 71: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Sitiagung Makmur (“SAM”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 70
Slide 72: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q3 2024 Research & STR Global building a better indonesia 71
Slide 73: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q3 2024 Research & STR Global building a better indonesia 72
Slide 74: Hospitality: 7 Hotels
HOSPITALITY Melia Bali Hotel 3hotels 961rooms Gran Melia Jakarta Umana Bali BATIQA Hotels TOTAL 7hotels 1820rooms 859rooms building a better indonesia 73
Slide 75: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2018-9M24, IDR Billions) (2020-9M24, %) 90% 82,2% 80% 71,7% 906 70% 60% 62,3% 803 811 121 821 50% 47,2% 40% 94 30% 97 101 57 20% 666 10% 107 144 144 595 0% 87 2020 2021 2022 2023 9M23 9M24 39 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA 1
Slide 76: Hospitality Business: ARR and RevPAR
Hospitality Business ARR (Rp) 2020 2021 2022 2023 9M23 9M24 GMJ 1,042 803 1,041 1,156 1,145 1,126 MBH 1,468 671 1,696 2,061 2,034 2,455 LXR 5,714 4,672 6,572 7,888 7,988 9,165 BATIQA 303 322 344 364 362 366 Room RevPAR (thousand Rp) GMJ 160 237 483 642 591 701 MBH 262 84 972 1,658 1,682 2,017 LXR 86
Slide 77: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 9M23 9M24 Revenue 803 811 220 191 595 905 666 821 Revenue Growth 15% 1% -73% -13% 211% 52% 77% 23% Gross Profit 519 515 75 80 371 583 433 551 Gross Margin 65% 64% 34% 42% 62% 64% 65% 67% EBITDA 186 177 -1
Slide 78: Hospitality 2024 Outlook: Melia Bali and Gran Melia Jakarta
HOSPITALITY 2024 OUTLOOK Melia Bali Hotel Average Room Rate (in million Rp) Room Occupancy (%) 2,46 80 82 2,06 1,69 57 1,47 0,67 18 12 FY20 FY21 FY22 FY23 FY24F FY20 FY21 FY22 FY23 FY24F Note: Melia Bali is currently undergoing renovations starting from October 2024 Gran Melia Jakarta Average Room R
Slide 79: Hospitality 2024 Outlook: Umana Bali and BATIQA
HOSPITALITY 2024 OUTLOOK Average Room Rate Room Occupancy Umana Bali (in million Rp) (%) 9,13 7,89 50 6,57 5,71 4,67 15 15 21 7 FY20 FY21 FY22 FY23 FY24F FY20 FY21 FY22 FY23 FY24F BATIQA Hotels Average Room Rate (in thousand Rp) Room Occupancy (%) 364 368 344 72 303 322 66 61 50 39 FY20 FY21 FY22 FY
Slide 80: Travelio's 9M-24 Achievements & FY-24 Targets
Travelio’s 9M-24 Achievements & FY-24 Targets Company GMV Net Live Units Growth within the Next 6 Months (In IDR Mio) 718.143 1.5x 9M-24 FY-24 482.060 15,200 16,189 Apartments Apartments 3,396 2,832 Houses Houses 9M-24 (Actual) FY-24 (Budget) 9M-24 Highlights: +20% YoY +1,232 35,588 2,361,556 Mid-Lo
Slide 81: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia 80
Slide 82: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel Villa Main Pool Lobby Hotel The Level Family Suite Room Swimming Pool building a better indonesia 81
Slide 83: Photos of UMANA BALI, LXR Hotels & Resorts
Photos of UMANA BALI, LXR Hotels & Resorts Resorts Aerial (Day) Tropical Garden Pool Villa Panoramic Ocean Pool Villa Commune (Outdoor - Day) Pad (Indoor - Night) Main Pool (Day) building a better indonesia 82
Slide 84: Photos of BATIQA Hotels
Photos of BATIQA Hotels FRESQA Bistro Suite Room Exterior view of BATIQA Hotel Lampung Lobby Meeting Room building a better indonesia 83
Slide 85: Summary
SUMMARY Subang is SSIA’s Subang will stimulate NRCA will leverage SSIA to generate In the long run - main catalyst Indonesia Economic its expertise in higher growth in Jump in recurring Growth in 2030 industrial & hospitality post income through residential township rebranding and Subang Infrastruct
Slide 86: SSIA NAV Calculation
SSIA NAV Calculation Business Segment (Rp/Share) Property 3,115 73% Company Asset Description in Bio IDR SCS Karawang & 11,234 Business Segment (Rp/Share) Subang (63.5%) SSIA Hospitality 998 TCP Land in Kuningan 2,831 (incl. Gran Melia) Total Rp/Share: 4,105 Company Asset Description in Bio IDR Sub-
Slide 87: Thank You
BUILDING A BETTER INDONESIA THANK YOU Erlin Budiman VP Head of Investor Relations Contact: erlin.budiman@suryainternusa.com These materials have been prepared by PT Surya Semesta Internusa Tbk (the “Company”, “SSIA”) These materials are for information purposes only and do not constitute or form par
Slide 88: building a better indonesia
building a better indonesia 87
PT Surya Semesta Internusa — 9M24 Earnings Presentation on 6ix