Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — Q1 2024 Earnings Presentation
84 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, May 20, 2024
Slide 1: PT Surya Semesta Internusa Tbk (SSIA) Review First Quarter 2024
PT Surya Semesta Internusa Tbk (“SSIA”) Review First Quarter 2024 www.suryainternusa.com building a better indonesia 0
Slide 2: Table of Contents
Table of Contents Surya Semesta Internusa 1Q24 & FY24 Outlook in Summary of Business Segments SSIA In Summary PROPERTY • Development & management of industrial Significant Events estates, real estate, buildings and commercial centers SSIA’s Sustainability CONSTRUCTION 1Q24 Financial Highlights • Gen
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 4.2tn / US$ 263mn 100% 100% 100% 66.0% 100% 86.8% 100% PT Nusa Raya Cipta PT Sitiagung Tbk PT Ungasan PT TCP PT Suryalaya PT Surya PT Suryacipta Makmur Market Cap: Semesta Internusa Anindita Internusa Swadaya (asset
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 Intrepid Investments Limited are in construction, property and hospitality sectors PT Persada Capital Investama
Slide 7: Significant growth since IPO
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 Fourteen 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 FY2023 - YTD 2024
Significant Events FY2023 - YTD 2024 building a better indonesia 9
Slide 11: Significant Event Jan 2023: Patimban Access Toll Road
Significant Event Jan 2023 Toll Road Patimban Access - National Strategic Project 1. Project Scheme ➢ Private-Public Partnership (PPP) with Supported Build Operate Transfer (BOT) scheme ➢ Total length: 37.05 km (5 Sections), construction part: ➢ Section 1 & 2 (14 km) : PT Jasamarga Akses Patimban ➢
Slide 12: Subang Smartpolitan
Subang Smartpolitan Patimban Access Toll Road Patimban Seaport + 40 km Jakarta – Surabaya Railroad (direct access via Patimban Toll Road) KM89 Intersection ▪ Direct Toll Access ▪ Cipali Toll Road and Patimban Toll Road Interchange KM98 Exit Jakarta + 90 km Alternative Access Bandung + 90 km Kertajat
Slide 13: Significant Event April 2023
Significant Event April 2023 Joint Ceremony – Singing of collaboration agreement between PLN and stratergic partner, PT Suryacipta Swadaya 5 April 2023 - Cooperation in the supply and distribution of Indonesia’s Travelio has raised an undisclosed Series C electricity for Subang Smartpolitan Integrat
Slide 14: Significant Event November 2023
Significant Event November 2023 Jakarta, 22 November 2023 – Ungasan, Bali 23 November 2023 – Signing a syndicated loan facility agreement between SSIA, SSIA and Hilton Debuts Umana Bali, the First LXR Hotels & PT Sarana Multi Infrastruktur, Bank Central Asia – valued Resorts in Southeast Asia Rp1.5
Slide 15: 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 14
Slide 16: SSIA's Sustainability
SSIA’s Sustainability building a better indonesia 15
Slide 17: ESG Parameter for 2023-2027 SSIA Group
ESG Parameter for 2023-2027 SSIA Group ESG Pillars SSIA ESG Material Issues Group-wide Parameter / Target Product • Product and Service Quality • Maintain customer satisfaction score >80 across business • Implement innovative green building solutions Delivering sustainable • Customer Health and Safe
Slide 18: SSIA's Sustainability: 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: Sustainability Achievement 2023: Sustainability is an integrated part of SSIA’s business. Aligned with its vision and mission, SSIA’s ESG practices are gu
Slide 19: Review 1Q24
Review 1Q24 building a better indonesia 18
Slide 20: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (1Q23) Revenue Across Business Segments (1Q24) IDR 959bn IDR 1,092bn Property 13% Property 14% Construction 68% Construction 65% Hospitality 19% Hospitality 21% 0.0% 20.0% 40.0% 60.0% 80.0% Property 0.0% 20.0% 40.0% 60.0% 80.0% Constr
Slide 21: 1Q24 Financial Highlights
1Q24 Financial Highlights Consolidated Revenue Gross Profit (1Q23 vs 1Q24, IDR Billions) (1Q23 vs 1Q24, IDR Billions) 1.092 307 959 228 1Q23 1Q24 1Q23 1Q24 share-based compensation expenses EBITDA Net Income (Management Employee Stock Option Plan / (1Q23 vs 1Q24, IDR Billions) (1Q23 vs 1Q24, IDR Bil
Slide 22: 1Q24 Financial Highlights
1Q24 Financial Highlights Property Segment Revenue (1Q23 vs 1Q24, IDR Billions) 160 128 1Q23 1Q24 Construction Segment Revenue Hospitality Segment Revenue (1Q23 vs 1Q24, IDR Billions) (1Q23 vs 1Q24, IDR Billions) 713 233 651 182 1Q23 1Q24 1Q23 1Q24 building a better indonesia 21
Slide 23: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2018-1Q24, IDR Billions) 4,538 4,006 3,682 3,615 905 811 2,947 803 595 220 2,353 191 2,886 2,611 2,456 1,092 2,454 2,082 1,665 959 182 233 854 651 128 713 160 442 588 652 520 623 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Property Construction H
Slide 24: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 54.8% 80% 62.4% 64.4% 61.7% 63.9% 49.8% 50.1% 60% 50% 47.4% 41.6% 40% 20% 40% 36.5% 0% 2021 2022 2023 1Q23 1Q24 30% Construction Gross Margins(1) % 15% 20% 11.4% 11.1% 11.0% 11.0% 10.8% 10% 10% 5% 0% 0% 2021 2022 2023 1
Slide 25: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Revenue 3,682 4,006 2,947 2,353 3,615 4,538 959 1,092 Revenue Growth 12% 9% -26% -20% 54% 26% 25% 14% Gross Profit 981 1,091 635 517 918 1,327 228 307 Gross Profit Margin 27% 27% 22% 22% 25% 29%
Slide 26: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Property 442 588 652 520 623 854 128 160 Segment 12% 15% 22% 22% 17% 18% 13% 14% percentage Construction 2,454 2,611 2,082 1,665 2,456 2,886 651 713 Segment 66% 65% 71% 70% 67% 62%
Slide 27: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Property 175 244 281 202 221 370 29 56 Segment percentage 32% 42% 94% 90% 43% 45% 24% 34% Construction 184 163 130 100 171 205 51 50 Segment percentage 34% 28% 44% 45% 33% 25% 42% 3
Slide 28: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Property 127 159 104 9 35 206 -11 18 Segment 49% 58% -341% -8% 51% 55% -60% 30% percentage Construction 123 105 59 55 75 100 30 29 Segment 48% 39% -194% -47% 109% 26% 158% 48% p
Slide 29: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 1Q24 Current Assets 4,058 3,004 3,008 3,325 3,235 2,970 Cash & ST Investments 1,527 851 782 1,136 1,219 905 Account Receivables 1,515 1,419 1,405 1,542 1,443 1,437 Inventories 422 490 553 376 314 307 Other
Slide 30: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2019 2020 2021 2022 2023 1Q24 Bank/Third parties Loan IDR denominated in IDR Billions 1,194 1,305 1,245 1,514 2,526 2,404 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,
Slide 31: FY24 Outlook
2 FY24 Outlook building a better indonesia 30
Slide 32: Macro Economic Condition
Macro Economic Condition Global Economic Growth Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation using April 2024 IMF Outlook *2024F-2025F using Apr 2024 IMF Outlook *2024F-2025F using Apr 2024 IMF Outlook 10.0 Advanced EMDE 8.7 8.1 8.4 10
Slide 33: The Impending Danger of the Iran-Israel War
The Impending Danger of the Iran-Israel War According to Mari Elka Pangestu and Cabinet Secretariat of The Rising Effect Republic of Indonesia, here are some prediction towards the national economy: Oil price has According to data from the Ministry of ESDM, in 2022, Indonesia imported 22.7 million k
Slide 34: The Impending Danger of the Iran-Israel War
The Impending Danger of the Iran-Israel War According to the Former World Bank Managing Director of Development Policy Rising Affect and Partnerships, Mari Elka Pangestu, here are some prediction towards the national economy: Oil price has Rupiah weakening. increased by $10 The depreciation of the R
Slide 35: Review of Business Segments
3 Review of Business Segments building a better indonesia 34
Slide 36: Property
PROPERTY 2.1 - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) building a better indonesia 35
Slide 37: 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 38: 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 39: 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 40: Property Business Segment
Property Business Segment Suryacipta Karawang & Subang Smartpolitan ASP (in thousand Rp / sqm) 1,967 1,788 1,775 1,815 1,911 1,478 602 2017 2018 2019 2020 2021 2022 2023 Property Business Segment Revenue (2018-1Q24, IDR Billions) 854 169 652 623 588 59 520 126 71 299 442 236 92 71 220 290 263 217 16
Slide 41: 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 AUTOMOTIVE BUILDING SUPPLIES Toll
Slide 42: High Quality Projects: Tenant Mix
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix Tenant Landbank by Sector Tenant Landbank by Country Home Appliance, 1.0% Logistics/Warehousing, 1.0% Textiles, 1.0% Chemical, 0.4% Europe & Electronics, US, 9% 1.6% Others, 0.1% Pharmaceutical, Construction, 2.
Slide 43: Industrial Estate Review: Marketing Sales
Business Segment Property: Industrial Estate Review Marketing Sales Land Sales Location 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Suryacipta Karawang (ha) 8.3 17.8 5.6 10.1 10.0 18.2 1.0 3.0 - - - - - - 2.0 2.3 Subang Smartpolitan (ha) 1 - 86.2 3.2 3.7 4.2 5.0 0.5 - Others* (ha) TOTAL Sales Value 149
Slide 44: Industrial Estate Review: Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2018 2019 2020 2021 2022 2023 1Q23 1Q24 8.7 17.1 6.2 8.8 10.2 17.2 - 3.6 Suryacipta Karawang (ha) 2.3 - - Subang Smartpolitan (ha) 1 2.3 84.0 4.2 5.2 2.6 1.7 - Others* (ha) TOTAL Sales Value 154 297 357 166 207
Slide 45: Property: Edenhaus Simatupang
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses (~Rp300 billion) Edenhaus Marketing Sales ✓ 39 units (Rp283 billion) sold per FY23 (unit) 37 units (Rp269 bn) booked as Revenue as of 1Q24 10 9 14 6 2 FY20 FY21 FY22 FY23 FY24F building a better indonesia 47
Slide 46: Property: 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% 80% 80% 180 169 70% 160 140 60% 126 120 50% 100 40% 80 74 30% 60 49 20% 40 10% 20 13 0% 0 2021 2022 2023 1Q23 1Q24 2021 2022 2023 1Q23 1Q2
Slide 47: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue (in IDR 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Billions) Industrial Estate (SCS) 154 297 357 166 207 386 5 68 Land Sales Industrial Estate (SCS) 217 220 236 263 290 299 74 79 Non-Land Rental Property 71 71 59 92 126 169 49 13 (TCP & Others) TOTAL
Slide 48: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Revenue 652 520 623 854 128 160 442 588 Revenue Growth 7% 33% 11% -20% 20% 37% 52% 24% Gross Profit 339 259 468 47 80 225 307 295 Gross Margin 51% 52% 52% 50% 47% 55% 37% 50% EBITDA 175 281 202
Slide 49: 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 51
Slide 50: Subang Smartpolitan
ii SUBANG SMARTPOLITAN BY SURYACIPT Agia = wy) ye Cc SS 9 Oo PT. SURYACIPTA SWADAYA | 52
Slide 51: 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 AR A ▪ Direct Access to Patimban Seaport; ▪ Direct Access to West Java International Airport (Kertajati); AN EN ▪ Connecte
Slide 52: 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 53: 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 IOT to promote efficiency and Toll Road to Patimban - Development : Q4 2024 security. -
Slide 54: 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 3 Electricity Supply Jan 2026 Dec 2024 Toll gate Q1 2026 4 Water Treatment Plant Sep 2024 5,000 M3/day Direct Access from Cipali
Slide 55: 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 56: Vision Statement is translated to the components of the township
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 57: 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 58: 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 59: 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 60: 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 Pa ti m b a n 350 K 350 K 350 K 350 K T a n j u n g Pr i o k
Slide 61: 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 62: Construction - PT Nusa Raya Cipta Tbk
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 64
Slide 63: 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 64: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2020-2023, Revenue, IDR Trillions) (1Q23-1Q24, Revenue, IDR Trillions) 3.5 0.80 3.0 0.70 0.70 2.5 0.60 2.0 0.50 0.40 1.5 1.0 0.20 0.20 0.5 0.10 - 0.0 2020 2021 2022 2023 1Q23 1Q24 Nusa Raya Cipta Jaya Konstruksi Total
Slide 65: Construction: PT Nusa Raya Cipta Tbk - Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects (in IDR Billions) 2021 2022 2023 1Q23 1Q24 New Contract Classification (in IDR billions) 2,679 2,352 2,925 702 1,351 Contract on hand - 2,321 3,202 3,129 3,129 3,088 6% 9% 9% beginning 16% 6% 16% 1% 16% 13% 12% 8% Contract obtai
Slide 66: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2019 2020 2021 2022 2023 1Q23 1Q24 Revenue 2,618 2,086 1,670 2,462 2,896 652 715 Revenue Growth 7% -20% -20% 47% 18% 3% 10% Gross Profit 274 229 190 266 321 72 79 Gross Margin 10% 11% 11% 11% 11% 11% 11% Income from JO -1 -6 -15 2 5
Slide 67: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 1Q24 Assets Cash & Cash Equivalents 689 578 496 647 615 557 Account Receivable 1,468 1,381 1,400 1,552 1,464 1,455 Project Advance 34 22 33 33 15 22 Others 272 241 214 223 242 249 Total Assets 2,463 2,221 2,14
Slide 68: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Carstensz Apartement - Tangerang JHL Office S8 – Gading Serpong 57 Promenade – Jakarta Indigo Hotel Dago Pakar Resort Marriot The Luxury Pakuwon Mixed Use - Bekasi - Bandung Collection – Labuan Bajo building a better indonesia 70
Slide 69: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 71
Slide 70: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q4 2023 Research & STR Global building a better indonesia 72
Slide 71: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q4 2023 Research & STR Global building a better indonesia 73
Slide 72: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2018-1Q24, IDR Billions) (2020-1Q24, %) 90% 80.0% 80% 905 70% 63.7% 60% 62.6% 803 811 121 50% 40% 30% 29.0% 86 94 57 20% 10% 144 144 595 0% 2020 2021 2022 2023 1Q23 1Q24 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA 105 38 550 Room RevPar
Slide 73: Hospitality Business
Hospitality Business ARR (Rp) 2020 2021 2022 2023 1Q23 1Q24 GMJ 1,042 803 1,041 1,156 1,196 1,067 MBH 1,468 671 1,696 2,061 1,709 2,070 JBUR 5,714 4,672 6,572 7,888 7,684 9,191 BATIQA 303 322 344 364 349 356 Room RevPAR (thousand Rp) GMJ 160 237 483 642 573 668 MBH 262 84 972 1,658 1,282 1,657 JBUR
Slide 74: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 1Q23 1Q24 Revenue 803 811 220 191 595 905 182 233 Revenue Growth 15% 1% -73% -13% 211% 52% 193% 28% Gross Profit 519 515 75 80 371 583 112 149 Gross Margin 65% 64% 34% 42% 62% 64% 62% 64% EBITDA 186 177 -
Slide 75: Hospitality 2024 Outlook: Melia Bali and Gran Melia Jakarta
HOSPITALITY 2024 OUTLOOK Melia Bali Hotel Average Room Rate (in million Rp) Room Occupancy (%) 80 79 2.06 2.09 1.69 57 1.47 0.67 18 12 FY20 FY21 FY22 FY23 FY24F FY20 FY21 FY22 FY23 FY24F Gran Melia Jakarta Average Room Rate (in million Rp) Room Occupancy (%) 1.16 1.21 56 56 1.04 1.04 46 0.80 30 15 F
Slide 76: Hospitality 2024 Outlook: Umana Bali and BATIQA
HOSPITALITY 2024 OUTLOOK Average Room Rate Room Occupancy Umana Bali (in million Rp) (%) 10.67 61 7.89 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 (%) 364 371 344 71 303 322 66 61 50 39 FY20 FY21 FY22 F
Slide 77: Travelio's Q1-24 Achievements & FY-24 Targets
Travelio’s Q1-24 Achievements & FY-24 Targets Company GMV Net Live Units Growth within the Next 9 Months (In IDR Mio) 718,143 5.0x Q1-24 FY-24 14,661 16,189 Apartments Apartments 144,051 2,110 2,832 Houses Houses Q1-24 (Actual) FY-24 (Budget) Q1-24 Highlights: +17% YoY +2,318 10,720 696,960 Mid-Long
Slide 78: 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 79: 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 80: 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 81: Photos of BATIQA Hotels
Photos of BATIQA Hotels Suite Room FRESQA Bistro Exterior view of BATIQA Hotel Cirebon Lobby Meeting Room building a better indonesia 83
Slide 82: Summary
SUMMARY Subang is SSIA’s Subang will stimulate SSIA’s construction SSIA to generate In the long run - main catalyst Indonesia Economic arm will leverage its higher growth in Jump in recurring Growth in 2030 expertise in industrial hospitality post income through & infrastructure rebranding and Suban
Slide 83: 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 84: building a better indonesia
building a better indonesia 86
PT Surya Semesta Internusa — Q1 2024 Earnings Presentation on 6ix