Pt Intiland Development Tbk · IDX:DILD
Pt Intiland Development Tbk — Investor Presentation (September 2022)
49 slides from Pt Intiland Development Tbk's investor presentation, Sep 30, 2022
Slide 1: Corporate Presentation 30 September 2022
Corporate Presentation 30 September 2022 PT Intiland Development Tbk Intiland. Developing Your World. Intiland Tower Jakarta
Slide 2: Table of Contents and Disclaimer
Table Of Contents Section 1 Company Overview 3 Section 2 Strategy 9 Section 3 Key Investment Highlights 12 Section 4 Key Financials 34 Section 5 Appendix 38 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitat
Slide 3: Session 1: Company Overview
Session 1 Company Overview SQ Res
Slide 4: PT Intiland Development Tbk (Intiland)
PT Intiland Development Tbk ( “ Intiland ” ) Since 1983, Intiland has established a long and successful track record over 61 projects, as a trend-setter and innovator with high quality award- winning projects in Jakarta and Surabaya Almost 4 decades of • First established in 1983 under the name of P
Slide 5: Key Corporate Milestone
Key Corporate Milestone 2016 2018 2021 1974 2014 Launched new Soft launched Launched Tierra SOHO Founder Hendro S. 2007 Started the project, The SQ Res apartments, as part of the Tierra Gondokusumo Corporate 2011 construction of Rosebay, Surabaya restructuring; a second-stage Superblock, Surabaya st
Slide 6: Corporate Structure
Corporate Structure CGS-CIMB Securities PT CGS-CIMB Sekuritas PT Bina Yatra Bali Private Villa (s) PT Graha Intan Public (Singapore) Pte Ltd Indonesia Sentosa Pte, Ltd Mandiri 14.96% 14.07% 11.97% 7.49% 1.73% 49.79% Total Issued Shares : 10,365,854,185 shares Market Capitalization as of Sept 30, 202
Slide 7: Core Portfolio
Core Portfolio The Company develops various products classified into mixed use & high rise, landed residential, industrial estates and investment properties. Some of the existing and future projects are as follows: Mixed Use & Landed Industrial Investment High Rise Residential Estates Properties • S
Slide 8: Selected Awards and Achievements
Selected Awards and Achievements 2022 South Quarter Amesta Living 57 Promenade Poins Square World’s Best Office Award Best Rising Star Development Kewajiban KLB Interkoneksi FIABCI World Prix d’Excellence Lamudi.co.id Property TOD Fair 2022 TOD Fair 2022 Award 2022 Awards 2022 2021 Regatta Intiland
Slide 9: Session 2: Strategy
Session 2 Strategy Praxis
Slide 10: Growth Strategy
Growth Strategy • Focus on developing existing projects in Jakarta and Surabaya Organic Growth • Maximize the value of existing asset portfolio (e.g. mixed use & high rise) • Continue the land acquisition surrounding existing projects • Strategic acquisition to support our vision and mission Acquisi
Slide 11: Strategic partnership case study: GIC
Strategic partnership case study: GIC Our JVs with GIC present a good example of what we seek in a strategic partner and how we employ such partnerships as a way to mitigate development risk and proactively strengthen our balance sheet JV overview Strategic benefits Capital management November 2016
Slide 12: Session 3: Key Investment Highlights
Session 3 Key Investment Highlights Regatta
Slide 13: Key Investment Highlights
Key Investment Highlights Established track record in successfully developing and launching premium flagship projects High upside potential on 1 Diversified portfolio in strategic locations which investment return with stands to benefit from RNAV per share of Rp 1,732* 6 2 ongoing/recent infrastruct
Slide 14: Established track record in premium flagship projects
Established track record in successfully developing and launching premium flagship projects Over the past 40 years, we have developed/launched various award-winning premium projects which have become benchmarks in their respective markets Mixed Use & High Rise Mixed Use & High Rise Landed Residentia
Slide 15: Diversified portfolio in strategic locations
Diversified portfolio in strategic locations which stands to benefit from ongoing/recent infrastructure developments Our diversified portfolio is well-positioned to capture demand across different product types and locations Marketing Sales by product type by location 22% 35% 58% 9M21: 9M21: 42% Rp1
Slide 16: Industrial Estate – Ngoro Industrial Park
Industrial Estate – Ngoro Industrial Park Our industrial estate in Ngoro allows locators to access East Java and is located in close proximity to key transport hubs (sea port and airport), with toll road and main road access Ngoro Industrial Park is a modern industrial estate complete with infrastru
Slide 17: Industrial Estate – Batang Industrial Park
Industrial Estate – Batang Industrial Park Our new industrial estate in Batang is well connected to West and East Java through Trans-Java toll and is a future key industrial hub of Central Java Batang Industrial Park is strategically located at Batang Region, Central Java Province, right at the cent
Slide 18: High-rise developments – Mixed-use/Integrated
High-rise developments – Mixed-use/Integrated Our flagship high-rise mixed-use/integrated projects have seen strong take-up rates across various components (residential, office, retail) Our high rise developments are high density projects, located in prime urban locations typically located on plots
Slide 19: High-rise developments – Residential
High-rise developments – Residential Our current pipeline and high-rise residential projects are located in strategic areas with strong infrastructure connectivity and/or within established areas. It will offer a wider range of unit sizes to provide more affordability High quality projects in strate
Slide 20: Landed residential
Landed residential Our portfolio of well-located, high quality landed residential projects allows us to broaden our customer reach and further diversifies our revenue base Ongoing Development Serenia Hills, South Jakarta Graha Natura, West Surabaya • Premium estate located on 26ha, • Sprawling over
Slide 21: Well-located portfolio within Central and Greater Jakarta
Well-located portfolio within Central and Greater Jakarta... Most of our ongoing/near term projects in Jakarta are located within 5-10km radius from CBD in well-established areas and supported by infrastructure developments 5km radius dari Simpang Susun Tanjung Priok Port Semanggi, CBD International
Slide 22: Poised to benefit from infrastructure developments
…poised to benefit from infrastructure developments Our portfolio stands to benefit from ongoing development of transit infrastructure (LRT/MRT) within Jakarta, which is expected to translate into stronger take-up/occupancy rates as well as higher average selling prices /rental rates MRT Route Jakar
Slide 23: Poised to benefit from infrastructure developments
…poised to benefit from infrastructure developments 23
Slide 24: #LivingConnected Jakarta
#LivingConnected Jakarta 57 Promenade, CBD Jakarta Intiland Tower Jakarta, CBD Jakarta 1Park Avenue, Gandaria South Quarter, TB Simatupang South Grove, Lebak Bulus Serenia Hills, Lebak Bulus Poins, Lebak Bulus Pinang Residence, Pondok Pinang Talaga Bestari, Tangerang 24
Slide 25: Well-located portfolio in Central and West Surabaya
Well-located portfolio in Central and West Surabaya Our presence in Surabaya started with the Graha Famili project, which has become a market benchmark for high-end residential development, and extended into landed residential, mixed-use & high-rise projects, industrial estates as well as investment
Slide 26: Large land bank to sustain long term development
Large land bank to sustain medium to long term development Large land bank of c. 2,258.2 ha (as of Sept 30, 2022) is sufficient to sustain ongoing developments for the next 20 years Land Surabaya & Land Undeveloped Land bank Undeveloped Land bank area (ha) Greater area (ha) Surabaya area Maja, Bante
Slide 27: Selling of Non-Core Assets
Selling of Non-Core Assets • Non-core assets are the assets that have not been planned to be developed in the next 5 years. Non-Core Assets • In line with the deleveraging strategy, the Company is focusing on selling the non-core assets to enhance the liquidity and profitability of the Company. • 9%
Slide 28: Strong pipeline of high quality developments
Strong pipeline of high quality developments Historical marketing sales (2016-9M22) In billion Rupiah 2,935 531 2,284 483 505 1,558 1,642 569 6 1,320 329 81 784 937 985 648 1,921 71 922 269 1,210 638 768 586 591 390 228 130 2016 2017 2018 2019 2020 2021 9M22 High Rise Landed Residential Industrial E
Slide 29: Growing recurring income base
Growing recurring income base… Our recurring revenue base has grown by more than 2x since 2017 Recurring Revenue (Rp'bn) % of total revenue Rp'bn 15.3% 24.0% 23.4% 22.8% 20.4% 26.8% 750 659 623 2 596 590 89 600 1 76 528 65 516 78 0 54 75 450 217 239 225 211 218 154 300 307 330 330 150 300 287 257 -
Slide 30: Underpinned by robust rental income streams
…underpinned by robust rental income streams… • South Quarter is premised on the concept of sustainability and is one of the largest integrated mixed use developments in TB Simatupang corridor in South Jakarta, a popular business hub where many MNCs across multiple industries are located • The site’
Slide 31: A visible additional project pipeline
…and a visible additional project pipeline Upcoming projects contributing to future additional recurring income stream CBD Jakarta CBD Surabaya West Surabaya South Jakarta Phase 2 Phase 1 57 Promenade 57 Promenade Projects Praxis Spazio Tower Poins Phase I Phase II • Office SGA: 48,509 sq.m. • Offic
Slide 32: Strong corporate governance & experienced management team
Strong corporate governance & highly experienced management team Intiland is led by a highly experienced management team and board of commissioners Board of Commissioners Sinarto Lennard Ho Thio Gwan Jahya Friso Dharmawan Kian Guan Po Micky Asikin Palilingan President Vice President Independent Inde
Slide 33: High upside potential on investment return
High upside potential on investment return …with RNAV per share of Rp 1,732 Estimated RNAV (in Rp billion) Location Market Value (in Rp billion)* Effective Value (in Rp billion) Total Asset Value 21,370 Add: Cash & Cash Equivalent Sept 30, 2022 1,358 Land for Development Less: Interest Bearing Debt
Slide 34: Session 4: Key Financial
Session 4 Key Financial Graha Natura
Slide 35: Financial Performance
Financial Performance Revenue EBITDA1) in billion Rupiah in billion Rupiah 897 2,736 2,891 784 2,553 2,629 718 2,203 1,923 540 532 569 2017 2018 2019 2020 2021 9M22 2017 2018 2019 2020 2021 9M22 Net Profit Marketing Sales 2) In billion Rupiah In billion Rupiah 297 2,935 251 204 2,284 1,558 1,642 77
Slide 36: Segments Contribution
Segments Contribution Revenue Gross Profit Margin in IDR bn % of Revenue 1,923 1,828 52% 48% 48% 46% 32% 31% 30% 26% 645 546 550 516 486 410 311 288 Mixed use & Houses and Industrial Investment Total Mixed use & Houses and Industrial Investment high rise land Estate Properties high rise land Estate
Slide 37: Financial Highlights
Financial Highlights 9M22 9M21 2021 2020 2019 2018 2017 2016 in Rp billion YoY Growth in Rp billion Inhouse Inhouse Audited Audited Audited Audited Audited Audited Revenue 1,923 1,828 5% Revenue 2,629 2,891 2,736 2,553 2,203 2,276 Gross Profit 758 755 0% Gross Profit 1,028 1,181 1,132 1,006 956 1,03
Slide 38: Session 5: Appendix
Session 5 Appendix The Rosebay
Slide 39: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise CBD Jakarta South Jakarta North Jakarta CBD Surabaya 57 Promenade 1Park Avenue Regatta Praxis Launched: 2017 Launched: 2012 (Tower 1,2,3) Launched: 2014 Launched: 2013 Total Area: 3.0 ha 2015 (Tower 4) (Tower London & New York) Total Area: 1.1 ha (Phase 1 -
Slide 40: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise South Jakarta West Surabaya West Surabaya West Surabaya SQ Res Rosebay Spazio Tower Graha Golf Launched: 2018 Total Area: +/- 1ha Launched: 2014 Launched: 2015 Total Area : 1.3 ha Ownership: 75% Total Area: 0.5 ha Total Area: 2.4 ha Infrastructure: MRT, Tol
Slide 41: Development Income – Mixed Use & High Rise
Development Income – Mixed Use & High Rise West Surabaya CBD Surabaya West Surabaya Tierra Soho Sumatra 36 Graha Natura Launched: 2011 Phase 1 Launched: 2021 Total Area : 7.5 ha Type: High Rise Cluster Launched Development Plan Sold Ownership: 100% Total Area: 0.2 ha Semi gross area: 9,020 sqm Clust
Slide 42: Development Income - Landed Residential
Development Income - Landed Residential South Jakarta South Jakarta Serenia Hills South Grove Phase 1 Phase 2 Total Area: 0.5 ha Ownership: 100% Type Residential Residential Total Units: 15 units Land Area 10 ha 16 ha Launched: 2018 Infrastructure: MRT, Roll Road Development Plan Regent 187 units Ti
Slide 43: Development Income – Landed Residential
Development Income – Landed Residential Tangerang East Surabaya Masterplan Talaga Bestari Amesta Living Launched: 1995 Amesta Living provides a variety of property needs, ranging from residential, Infrastructure: Future Toll Road, Future MRT SOHO, retail, commercial, to lifestyle malls. Targeting th
Slide 44: Development Income - Mixed Use & High-Rise
Development Income - Mixed Use & High-Rise Tangerang Aeropolis Type: Mixed used & high rise Year Total ASP 9M22 Projects Launched Year Completed Total (Sqm) Sold (Sqm) Construction (%) Launched (Unit) (Rp mn/m2) Aeropolis Residence 1 & Commercial 2011 2014 1,175 25,126 23,101 11.0 100% Park Aeropoli
Slide 45: Development Income - Industrial Estate
Development Income - Industrial Estate Mojokerto, East Java Batang, Central Java Ngoro Industrial Park Batang Industrial Park Total Development: 500 ha Tenancy Development plan: 500 ha Launched: 1991 (1st phase) Unicharm, Mitsui-Soko, Hitachi, HB Fuller, 1st phase development: 287 ha 2010 (2nd phase
Slide 46: Recurring Income
Recurring Income South Jakarta CBD Jakarta CBD Surabaya West Surabaya South Quarter Intiland Tower Jakarta Intiland Tower Surabaya Spazio Launched: 2012 Ownership: 100% Total area: 0.5 ha Launched: 2010 Infrastructure: MRT, Toll Road Total area: 0.8 ha Ownership: 100% Total area: 0.8 ha Ownership: 5
Slide 47: Recurring Income Pipeline Projects
Recurring Income Pipeline Projects Major Cities in Indonesia West Jakarta Intiwhiz Hotel Chain West One City The Company, through its subsidiary Ownership: 40% PT Intiwhiz International, has embarked Total area: 21 ha on hospitality business by opening Location: Daan Mogot, medium-class hotels suite
Slide 48: Thank You
| | THANK YOU
Slide 49: Contact Us
Contact Us Nathan Tanugraha nathan.tanugraha@intiland.com Investor Relations PT Intiland Development Tbk Intiland Tower, Penthouse Floor Jl. Jend. Sudirman 32 Jakarta 10220 Indonesia Tel : +62 21 5701912 Fax: +62 21 5700015 www.intiland.com
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