Pt Lippo Karawaci Tbk · IDX:LPKR
Pt Lippo Karawaci Tbk — 9M 2013 Earnings Presentation
54 slides from Pt Lippo Karawaci Tbk's earnings presentation, 2013
Slide 1: Right Place, Right Time, Right Company
Right Place, Right Time, Right Company PT Lippo Karawaci Tbk Indonesia’s Largest and Most Integrated Property Group Leaders in Residential Homes, Retail Malls, Hospitals, Hotels and Asset Management
Slide 2: Slide 2
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by PT Lippo Karawaci Tbk (“LPKR”) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of LPKR. No warranty (expressed or i
Slide 4: Contents
@ZLIPPO CONTENTS LIPPO GROUP 01 CORPORATE STRUCTURE 02 LARGEST & MOST INTEGRATED PROPERTY COMPANY 03 FOUR BUSINESS DIVISIONS 04 DIVERSIFIED LANDBANK & PROJECTS 06 MOST INTEGRATED BUSINESS MODEL IN INDONESIAN PROPERTY SECTOR 08 HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT 09 GROWTH STRATEGIES 10 - 11
Slide 5: Lippo Group
LIPPO GROUP @ZLIPPO @® LIPPO An Indonesian Business Leader SINGAPORE, PHILIPPINES, KOREA, MACAU Growing in Stewardship - Impacting Lives INDONESIA REGIONAL PRESENCE IN CHINA, HONG KONG, RETAIL PROPERTY PT Matahari Putra Prima Tbk PT Matahari Department Store Tbk PT Lippo Karawaci Tbk MEDIA PT First
Slide 6: Corporate Structure
CORPORATE STRUCTURE @ZOLIPPO LIPPO RELATED COMPANIES PUBLIC 72.7% 27.3% As of 30 Sept 2013 No. of Outstanding Shares : 23,077,689,619 Code: LPKR.JK ; LPKR J GPLIPPO PT LIPPO KARAWACI TOK DEVELOPMENT REVENUE RECURRING REVENUE MANAGEMENT ¢ Lippo Village ¢ Kemang Village ¢ Siloam Hospitals * Retail Mal
Slide 7: Largest & Most Integrated Property Company
Largest listed property Company by Revenue and Total Assets. Revenue and Net Income for Full Year 2012: US$637 million and US$110 million, respectively. Fastest growing Indonesian real estate group (market cap grew by more than 10x to US$2.3billion1 since the merger of eight property related compani
Slide 8: Four Business Divisions
FOUR BUSINESS DIVISIONS @ZLIPPO RESIDENTIAL AND ASSET HOSPITALS COMMERCIAL Development rights: 8,045 ha Land already acquired: 4,910 ha Landbank Inventory: 1,410 ha Lippo Village Lippo Cikarang Tanjung Bunga San Diego Hills Kemang Village The St Moritz Park View Nine Residence Holland Village 16 hos
Slide 9: Revenue & EBITDA Contribution
REVENUE & EBITDA CONTRIBUTION @2OLIPPO REVENUE EBITDA 9M’'13: Rp 4.782 Trillion 9M'13: Rp 1.325 Trillion ——- Residential & Urban Development Hi Commercial BE Hospitals li Asset Management 05
Slide 10: Diversified Landbank & Projects (Indonesia map)
N SULAWESI KALIMANTAN MALUKU PAPUA JAVA JAVA
Slide 11: Jakarta project locations map
NORTH JAKARTA WEST JAKARTA CENTER OF JAKARTA SOUTH JAKARTA EAST JAKARTA N
Slide 12: Most Integrated Business Model: Developers, Property Operations, REITs
DEVELOPERS PROPERTY OPERATIONS Majority of Indonesian Developer, Operator and Majority of Indonesian Developers REIT & Portfolio Developers Managers REITs
Slide 13: Highly Experienced & Professional Management
HIGHLY EXPERIENCED & @2LIPPO PROFESSIONAL MANAGEMENT COMMISSIONERS LS a] pl le EL id dim & Theo L.Sambuaga Surjadi Soedirja AgumGumelar Tanri Abeng FaridHarianto —_J.L. Parapak Muladi Viven Sitiabudi Chairman Vice Chairman x ‘: & db BOARD OF Q DIRECTORS q am i Ketut Budi Wijaya Tjokro Libianto Djoko
Slide 14: Transforming US$3 billion to US$8 billion in 5 years
Transforming US$3 billion to US$8 billion in 5 years. Performance and promotion to double Lippo Karawaci’s Market Cap in short term. Build significant ”Leadership Premium”. Globalize Lippo Karawaci Investor Base. Strengthen Residential / Township Group. Realize US$3 billion Retail Malls Group. Trans
Slide 15: Growth Strategies
GROWTH STRATEGIES @ZLIPPO RESIDENTIAL AND URBAN DEVELOPMENT. Complete the delivery of numerous key property projects in Q4'13 whilst ramping up pipeline projects. Continue to diversify into other types of property developments, i.e. office. Enhance value of our landbank through various infrastructur
Slide 16: Residential & Urban Development: Lippo Village, Lippo Cikarang
RESIDENTIAL & URBAN DEVELOPMENT @ZLIPPO LIPPO VILLAGE AT KARAWACI, JAKARTA WEST eV Development Rights Land already acquired Landbank inventory 3,066 ha 1,185 ha | 287 ha Homes Built Population Jobs > 13,200 45,000 58,122 | 112 km roads built, 56,850 trees planted, 21% green space Residential Industr
Slide 17: Residential & Urban Development: Tanjung Bunga, San Diego Hills
RESIDENTIAL & URBAN DEVELOPMENT @OLIPPO TANJUNG BUNGA, MAKASSAR, SOUTH SULAWESI SAN DIEGO HILLS MEMORIAL PARK AND FUNERAL HOME Development Rights Land already acquired Landbank inventory Master Plan Land already acquired Landbankinventory 1,500 ha 644 ha 314 ha 500 ha 125 ha 97ha (+ 14 ha family cen
Slide 18: Kemang Village
KEMANG VILLAGE @ZLIPPO TOTAL LAND AREA : 15 Ha Phase 2:2 Phase 1 8 Ha The Bloomington KVR GFA 650,000 sqm 40-storey; 205 units Launched 28 Jul 2007 ae ‘Condominium The TIFFANY KVR |The Cosmopolitan KVR The INFINITY KVR. JW Mariott Hotel The EMPIRE KVR a ane 17 Storey, $700 sa PSR ye eracroy oe une F
Slide 19: Kemang Village: A Landmark Project
KEMANG VILLAGE @ZLIPPO A LANDMARK PROJECT - SOUTH JAKARTA THE TIFFANY, THE BLOOMINGTON THE RITZ THE INFINITY . THE EMPIRE THE COSMOPOLITAN THE INTERCON JW MARRIOTT HOTEL Construction Progressas at 30 Jul y 2013" SOLD (AS OF 30 SEPT 2013) THE , THE RITZ COSMOPOLITAN THE EMPIRE 98% Rp 438 bio 100% com
Slide 20: Kemang Village site plan
NEW AMBASSADOR SUITES JW MARRIOTT HOTEL 167 UNITS 500 UNITS NEW PRESIDENTIAL SUITES 159 UNITS AMBASSADOR SUITES OFFICE 144 UNITS NEW ROYAL SUITES 197 UNITS ROYAL SUITES 231 UNITS SILOAM HOSPITALS PRESIDENTIAL SUITES 140 UNITS SEA CONVENTION WORLD CENTER CLUB HOUSE WEDDING CHAPEL SHOPPING MALL INTERN
Slide 21: The St. Moritz
THE ST. MORITZ @2LIPPO TOTAL LAND AREA : 11.4 Ha SOLD (AS OF 30 SEPT 2013) ie om PRESIDENTIAL AMBASSADOR ‘STunits} = Mee b ROYAL SUITES SES 9T% 93% 98% Rp 423 bio Rp 296 bio Rp 305 bio 4 el 99% completion 99% completion 99% completion fs * NEW NEW NEW ROYAL PRESIDENTIAL AMBASSADOR SUITES SUITES. SUI
Slide 22: Projects Under Construction
PROJECTS UNDER CONSTRUCTION OFFICE TOWER AT THE ST. MORITZ Type Location GFA Number of floor ASP Pre-sold THE NINE RESIDENCE : Office Tower — Type : WestJakarta Location : 20,280 sqm Launched 213 Land area : Rp 20mn/sqm Number of unit : Rp 295 Bn ASP [90%] Pre-sold : Apartments : South Jakarta : 4 A
Slide 23: Premier Private Hospital Group
PREMIER PRIVATE HOSPITAL GROUP @LIPPO OUR HOSPITALS (MATURE AND DEVELOPING) SILOAM HOSPITALS LIPPO VILLAGE TANGERANG (West of Jakarta] 322 Bed Capacity 228 GP and Specialists 455 Nurses Center of Excellence : Neurosience & Heart Center SILOAM HOSPITALS KEBON JERUK WEST JAKARTA 279 Bed Capacity 213 G
Slide 24: Recently acquired hospitals in Bali
Plus 2 hospitals recently acquired in Kuta and Nusa Dua, Bali
Slide 25: Hospitals in development
There are 19 hospitals currently in various stages of development
Slide 26: Lippo Malls
LIPPO MALLS @OLIPPO DOMINANT POSITION IN RETAIL DEVELOPMENT & PROPERTY MANAGEMENT MANAGES 31 MALLS THROUGHOUT INDONESIA = 2.4 million sqm GFA, + 1 million sqm NLA = Over 2,300 retailer brands in 4,200 units " As of Sept 30, 2013 : Overall average occupancy 90% and 95.1% in LMIRT properties FIRST"! R
Slide 27: Malls in Pipeline
LIPPO MALLS @® LIPPO MALLS IN PIPELINE LIPPO MALL KUTA LIPPO PLAZA MEDAN LIPPO MALL ST MORITZ 23
Slide 28: Aryaduta Hotels
ARYADUTA HOTELS @2LIPPO FIRST *=* REIT FIRST "=" REIT HOTEL ARYADUTA, HOTEL’ ARYADUTA PEKANBARU [158 rooms) MANADO (146 HOTEL ARYADUTA LIPPO VILAGE (192 rooms) HOTEL ARYADUTA\ HOTEL ARYADUTA JAKARTA {302 rooms) MEDAN (197 HOTELS UNDER ARYADUTA MANAGEMENT : imho “ 72s BY Hind BAS a HOTELA a HOTEL ARY
Slide 29: Asset Management
ASSET MANAGEMENT @2OLIPPO UNIQUE FOR AN INDONESIAN PROPERTY COMPANY @ZLIPPO 100% 100% 100% 100% BOWSPRIT LMIR TRUST PT LIPPO MALLS PT ARYADUTA CAPITAL MANAGEMENT INDONESIA INTERNATIONAL CORPORATION 33.24% LTD 30.48% MANAGEMENT LTD ») EIT »P -LMintRusT IR qa) ——— Code : FIRT MALL HOTEL OPERATOR REIT
Slide 30: Financial Performance
@ZLIPPO FINANCIAL PERFORMANCE
Slide 31: 2,500 2,066 2,000 1,854 1,830 1,500 1,248 400 1,000 300 270 192 215 179
2,500 800 754 2,066 700 2,000 1,854 647 1,830 600 500 1,500 1,248 400 1,000 300 270 192 215 179 200 466 372 420 109 98 500 346 100 - -
Slide 32: 2013P 2014P 2013P
11.6 2) 3,722 2) 2,679 2) 6.66 6.16 1) 1,790 1,219 4.19 1,686 1) 1,060 1) 3.13 1,083 708 854 525 2010 2011 2012 2013P 2014P 2010 2011 2012 2013P 2014P 2010 2011 2012 2013P 2014P 1) FY 2012 includes Revenue, EBITDA, and Extraordinary Net Income After Tax amounting to Rp879M, Rp 365 M dan Rp 358M resp
Slide 33: Balance Sheet
BALANCE SHEET @OLIPPO IN RP BILLION 30 SEPTEMBER 2013 31 DECEMBER 2012 VARIANCE CASH & CASH EQUIVALENT 3,276 3,337 -2% TOTAL ASSETS 31,038 24,869 25% DEBT 7,435 6,014 24% SHAREHOLDERS’ EQUITY 12,556 10,656 18% D/E RATIO 0.59 0.56 - NET GEARING RATIO 0.33 0.25 - Source: Companyas of 9M 2013 29
Slide 34: Debt maturity profile
450 403.3 400 350 130 300 253.2 250 200 150 250.0 273.3 100 50 0.4 1.8 3.2 0 2012 2013 2014 2015 2016 2019 2020 * Bank Loans (except Bonds) are denominated in IDR
Slide 35: Attractive Asset Value
ATTRACTIVE ASSET VALUE @ZLIPPO Ownerships (%] URBAN DEVELOPMENT : Lippo Village 100.0 Lippo Cikarang 544 Tanjung Bunga 50.3 San Diego Hills 100.0 Micro Suburbs 100.0 SUB TOTAL LARGE SCALE INTEGRATED DEVELOPMENT: City of Tomorrow [retail, apart. inv.& hotel) 85.0 Kemang Village 90.0 St. Moritz 100.0
Slide 36: Marketing Sales by Project
Budget Budget PROJECTS 2010 2011 2012 2013 2013 ( R ) 2014 URBAN DEVELOPMENT Lippo Village 294 152 241 113 129 975 Lippo Cikarang 569 1,301 2,061 1,698 2,320 2,000 Tanjung Bunga 202 303 577 433 400 700 San Diego Hills 95 126 185 156 150 200 Sub Total 1,160 1,882 3,064 2,400 2,999 3,875 CONDOMINIUM K
Slide 37: Appendices
@ZLIPPO APPENDICES
Slide 38: Indonesia: Attractive Growing Market
INDONESIA: ATTRACTIVE GROWING MARKET @2LIPPO Economic Indicators Rising Real Disposable Income 2012 2013 2014 Households by income band and average real household disposable income Assumption Assumption 100 el $6,000 3 z 90 é Economic Growth (%) 6.2 5.6 64 2 a9 ss000 & 2 Inflation Rate (%] 43 84 67
Slide 39: Indonesia Property Sector Has Room to Grow
INDONESIA PROPERTY SECTOR @2LIPPO HAS ROOM TO GROW * Rapid urbanisation ASIA PACIFIC APARTMENT = Growing middle-class : Capital Value (US$/sqm] = Strong savings and income growth f po = Low mortgage penetration Hong Kong 20,660 = Property as investment Singapore ET 17,709 = Improving regulatory envi
Slide 40: Land Titles
LAND TITLES @OLIPPO 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 Indonesia for an initial 30 years. 3. Right to
Slide 41: Overview of Jakarta's Condominium Market
OVERVIEW OF JAKARTAS CONDOMINIUM MARKET @ZLIPPO 14,000 units 12,000 10,000 Annual Sales In Proposed Projects ‘Sales Rate (Proposed Projects) By Grade +) Jan-Sep m Proposed um TotalSold @Saies Rate 2 22,500 4s 100% 20,000 . 2 17,500 ° 80% 15,000 60% 12,500 10,000 40% 7,500 5,000 20% a | ° 0% Lower Mi
Slide 42: Overview of Jakarta's Retail Market
OVERVIEW OF JAKARTAS RETAIL MARKET @ZLIPPO ‘Annual Net Take-up 309 000sqm *) Jan-Sep (250 20 ‘0 100 © oy SOROS 2 € € € € & § € @ F 2B 150 100 ‘300 "000 8qm 2002 Healthy demand growth kept the occupancy stable at 93% sSNetTakeup mew Supply —-Occupanay *)YaN-SeP 10905 95% 90% 25% 80% 13% 70% 65% Hf Se
Slide 43: Overview of Jakarta's Office Market - CBD Area
OVERVIEW OF JAKARTA’S OFFICE MARKET-CBD AREA @@E! Total net take-up in the first nine months of 2013 reached around 275,000 sqm ‘Annual Net Take-up ans z002| e002} 002} 002} sc02| 2002 002] 6002| o102| L10e| zu02} £100 Yet, occupancy grew steadily to around 93% by end-3Q13 *)Jan-SeP soy, wmeNet Take
Slide 44: Overview of Jakarta's Office Market - non CBD Area
OVERVIEW OF JAKARTA’S OFFICE MARKET -— non CBD AREA 22LIPPO Cumulatively, net take-up in this first nine months totaled around 130,000 sqm ssocoo <2" ‘Annual Net Take-up +) san Sep 225,000 200,000 175,000 150,000 128,000 100,000 75,000 50,000 25,000 ° 2005 «2008 = 2007 2008-2009 2010201 2012-2013" A
Slide 45: Overview of Jakarta's Hotel Market
OVERVIEW OF JAKARTAS HOTEL MARKET In 2012, the upscale hotel market recorded an occupancy of 67% with ADR of USD 151. As at YTD August 2013, occupancy recorded a moderate growth at 0.6 p.p 10 65%. ADR increased by 13.2% 10 USD 166 while RevPAR increased by 14.3% 10 USD 108 when compared to the previ
Slide 46: 1 st 10 Years Succeeding 20 Years
35% 55% 1st 10 Years Succeeding 20 Years 45% 65% 60% 40%
Slide 47: Market Drivers & Restraints in Indonesia's Healthcare Sector
MARKET DRIVERS & RESTRAINTS IN INDONESIA'S HEALTHCARE SECTOR @ZLIPPO MARKET DRIVERS A large Longer life . population expectancy The Universal base with a anda epidemiological _ health booming population transition has insurance 2015 economy, pyramid presented coverage would emerging increasing Indon
Slide 48: Hospitals in Indonesia by owner
No OWNER 31 Dec 07 31 Dec 08 31 Dec 09 31 Dec 10 31 Dec 11 31 Dec 12 30 Sep 13 1 MOH 31 31 31 31 32 32 32 2 PROVINCE 81 82 84 85 85 89 94 GOVERNMENT 3 MUNICIPAL 52 54 59 63 86 88 92 GOVERNMENT 4 DISTRICT GOVERNMENT 313 341 378 403 411 444 453 5 ARMY / POLICE 112 112 125 131 134 155 159 6 OTHER MINIS
Slide 49: Countries Health Profile
COUNTRIES HEALTH PROFILE Indonesia Vietnam Singapore South Korea India China Aus Hospital beds/ 10,000 6 31 31 103 9 42 Physician/10,000 2.9 12.2 : 16.3 20.2 6.5} 14.2] Nurse & Midwife / 10,000 20.4 10.1 27.3 59.0 52.9 10) 13.8 Life expectancy at birth [years] 68 72 73 82 80 65 74 IMR per 10,000 liv
Slide 50: Lippo Karawaci's Milestones
LIPPO KARAWACrS MILESTONES @2ZOLii : a a December June November —— Capital raising activity The listing of First December Non Preemptive US$273.3 mn Debt —— Corporate developments REITontheSGX, November 3°4 Rights Issue Rights Issuance Exchange at the rate of offering 271.4mn of 4.32 bn new of 145bn
Slide 51: Awards
Best nvestor Relations 3rd Asian Excellence Lippo Cikarang received South East Asia South East Asia South East Asia Recognition Awards 2013 : “Top Performing Listed Property Awards: Property Awards : Property Awards: Best Investor Relations Companies 2013’ Award _ Best Developer in SE ASIA 2013 Best
Slide 52: Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10
1,800 1,000,000,000 1,700 1,600 900,000,000 1,500 1,400 800,000,000 1,300 700,000,000 1,200 1,100 600,000,000 1,000 900 500,000,000 800 700 400,000,000 600 500 300,000,000 400 200,000,000 300 200 100,000,000 100 - - Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09
Slide 53: Most Active Stocks by Trading Value
20 Most Active Stocks by Trading Value Total Trading Trading No. Listed Stocks Volum e Value (Rp) % Freq. (X) Days 1. Bank Rakyat Indonesia (Persero) Tbk. 7,932,497,825 63,127,551,954,084 5.17 542,367 184 2. Telekomunikasi Indonesia (Persero) Tbk. [S] 8,462,713,898 61,411,964,652,561 5.03 495,545 18
Slide 54: Contact: Mark Wong (Director)
Mark Wong (Director) email : Mark.Wong@lippokarawaci.co.id Address : Menara Matahari, 22nd Floor 7 Boulevard Palem Raya Lippo Village Tangerang 15811 Banten – Indonesia telp.+62 21 25669000 fax. +62 21 25669099 website : www.lippokarawaci.co.id