Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (April 2024)
29 slides from Pt Summarecon Agung Tbk's investor presentation, April 2024
Slide 1: PT Summarecon Agung Tbk: A Company Presentation
summarecon Wondestul Life - Wondertul World PT SUMMARECON AGUNG Tbk A Company Presentation | OS He ee I a Content A. Company Profile + Corporate Information, Shareholders + Management Team + Principal Business Activities + Project Locations + Landbank & Projected Acquisitions B. Property Development
Slide 2: Corporate Information
want summarecon Wonderful Lite « Wondertul World A. Company Profile CORPORATE INFORMATION CORPORATE INFORMATION Incorporated : 26/Nov/1975 Listing Date : 7/May/1990 Ticker : SMRA:1J Share Value (Nominal) : Rp 100 /Share Total Shares Issued : 16,508,568,358 Share Price @ 31/Jan/2024 : Rp 530 /Share N
Slide 3: Management Team and Principal Business Activities
MANAGEMENT TEAM (Boards of Commissioners & Directors) Seated (L-R) : Nanik Widjaja (D-Corporate Services), Adrianto P. Adhi (President Director), Liliawati Rahardjo (Managing Director), Soetjipto Nagaria (President Commissioner), Ge Lilies Yamin (C-Independent), Lydia Tjio (D-Finance) Standing (L-R)
Slide 4: Project Locations (Townships)
PROJECT LOCATIONS (TOWNSHIPS) All projects are in high density locations with upper-strata economic wealth a New Guinea Banda Islands Metropolitan Jakarta (JABODETABEK) Location / (Population Ranking based on 2020 Census of 100 cities) 1. Kelapa Gading, North Jakarta 2. Serpong, South Tangerang, Ban
Slide 5: Marketing Sales by Location & by Product Type
summarecon Wonderful Lite « Wondertul World B. Property Development Property Development : Marketing Sales by Location & by Product Type Marketing Sales by Location SALES 6,000 » == 7 FOCATION Actual | Target | Actual YoY -20% 59% -6% -9% Rp'bn _ Rp'bn__Rp'bn_—Rp'bn_—Rp'bn_—Rp'bn__Rp'bn Greater Jaka
Slide 6: Product Price Range & Customer Payment Profile
Property Development : Product Price Range & Customer Payment Profile Marketing Sales by Product Price Range 6,000 2021A 2022A 5,000 + 20198 020A 4,000 3,000 2023A 2024A Customer Payment Profile 2 2019A 2020A 20210 20220 90% 2023A 2024A PRODUCT PRICE |_2019A ‘Actual | Actual | Actual | Actual | Actu
Slide 7: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) Project | Product Name erodes ist Launch | Completion — No. a oer Rp'bn Rp'bn Rp'bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,471 (1,390) 81 453 (428) 25 3,247 94% Kensington Royal Suites [D] Apartment Apr-15 Ap
Slide 8: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) O D O OME ONGO PRO o od pe Date Date ota old Ba Total Sold Bal aus Rp'bn Rp'bn Rp'bn Rp'mn ‘The Springs Flamingo [Ext] House Aug-17 Aug-19 790 (790) 0 256 (256) ) 3,086 100%| Rainbow Springs Apartment Aug-19 Feb-22 1,229 (1,219) 10 740 (
Slide 9: Summarecon Bekasi
Property Development : Summarecon Bekasi in Greater Jakarta) PRO D OP OME O PRO ° oe p Da Date ota old Ba Total Sold Bal Rp'bn Rp'bn Rp'bn Rp'mn SpringLake [D] Apartment Jul-14 Jul-18 381 (381) oO 778 (777) 1 490 100%| SpringLake View [E] Apartment Aug-15 Aug-19 384 (327) 57 856 (728) 128 449 85%| S
Slide 10: Summarecon Bandung
Property Development : Summarecon Bandung (in West Java) Project | Product Name Product 1st Launch | Completion No. of Units % sold Type Date Date Total Sold (Value) Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 May-22 631 (627) 4 142 (141) 1 4,444 99%| Flora House Sep-20 Mar-23 748 (746) 2 410 (409) 1
Slide 11: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) ; i No. of Units 9 Project | Product Name Product 1st Launch | Completion Pt total ou vatoe) Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Oct-20 Apr-23 566 (566) ti) 321 (321) 0 1,763 + ~—-100%| Mahogany Island Landplot Oct-20 Apr-23 120 (120) t
Slide 12: Investment Property: Shopping Malls
summarecon Wonderful Life - Wondertul World C. Investment Property D. Hospitality Business E. Leisure, Education & Others gq INVESTMENT PROPERTY : Shopping Malls At present, Summarecon owns and operates 5 shopping malls with total GFA of more than 500,000 m2, generating significant recurring revenue
Slide 13: Investment Property: Shopping Malls
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | Average Rent | Service Charge | o% of Ma Visitor Traffic Occupancy RETAIL CENTER m2 / Month m2/ Month | Revenues Pax / Year Summarecon Mall Kelapa Gading 150,000 m? 112,000 m2? 96% Rp 340,000 Rp 159,000 50% ~ 600+ FY-2023 * 28.0 Mn FY-2022* 21.0Mn
Slide 14: Leisure, Education & Others
¢ LEISURE, EDUCATION & OTHERS | __—Education The leisure and education business units provide important complementary facilities to support each township, while simultaneously generating recurring income. In 2023, the operations were already back to (ee Normal. Klub Kelapa Gading Pradita University
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated CONSOLIDATED FINANCIAL YEAR ENDE! Last 2 Yrs INCOME STATEMENTS Oe ee REVENUE 5,942 5,030 5,568 5,719 6,659 16% 5,719 6,659 16% GROSS PROFIT 3,047 2,502 2,801 3,199 3,560 11% 3,199 3,560 11% OVERHEADS (1,180) (950) (980) _ (1,232) _ (1,385) (1,232) _(1,385) = Selling Expense
Slide 16: Financials: EBITDA Business Segment
Financials : EBITDA Business Segment FINANCIAL YEAR ENDED: Last 2 Yrs J] | PERIODENDED: _| EBITDA 1,867 1,552 1,822 1,967 2,175 11% 1,967 2,175 11% Property Development (PDV) 885 1,267 1,446 1,124 1,197 6% 1,124 1,197 6% Investment Property (IVP) 865 341 410 827 917 11% 827 917 11% Leisure & Hospita
Slide 17: Income Statement Property Development Business
Financials : Income Statement Property Development Business _ st 2 Yrs Variance PERIOD ENDED: Rp'br Rp'bn Rp'bn Rp'bn Rp'bn Rp’br Rp'bn REVENUE 3,617 3,670 4,148 3,529 4,045 15% 3,529 4,045 15% Sea bli Houses 2,228 1,991 2,723 ~—«1,750 3,069 75% 1,750 3,069 75% Improved profitablity Shops 681 627 44
Slide 18: Property Development Business (By Location)
Financials : Property Development Business (By Location) PROPERTY DEVELOPMENT. FINANCIAL YEAR ENDED: Last 2 Yrs PERIOD ENDED: GEOGRAPHIC LOCATION Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 | Dec/2023 | Variance Dec/2022 | Dec/2023 | Variance REVENUES 3,617 3,670 4,148 += 3,529 4,045 15% 3,529 4,045 1
Slide 19: Income Statement Investment Property Business
Financials : Income Statement Investment Property Business . Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 1,599 894 918 1,481 1,738 17% 1,481 1,738 17% Mall & Retail properties 1,521 817 835 1,384 1,630 18% 1,384 1,630 18% Office properties 29 27 27 32 35 11% 32 35 11% Residential properties 5
Slide 20: Income Statement Leisure & Hospitality Business
Financials : Income Statement Leisure & Hospitality Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: Last 2 Yrs Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 423 153 183 346 480 39% 346 480 39% Leisure 75 27 35 52 64 24% 52 64 24% Hospitality (Hotels) 348 127 148 294 416 41% 294 416 41%
Slide 21: Balance Sheet Summary
Financials : Balance Sheet Summary = SUMMARY CONSOLIDATED FINANCIAL YEAR ENDED: Last 2 Yrs | _PERIODENDED: _—| | _PERIODENDED: _—| BALANCE SHEETS Variance Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Cash & Cash Equivalents 1,664 1,656 2,774 3,143 3,293 5% 3,143 3,293 5% Inventories 8,514 9,187 9,254 9
Slide 22: Non-land Capital Investments
Non-land Capital Investments Indicati CAPITAL INVESTMENTS Optg Date FY-2023 | FY-2024 | FY-2025 Rp'bn Rp’bn Rp'bn Rp'bn Summarecon Villaggio Outlets 4Q 2023 180 50 5 Summarecon Mall Bandung 1Q 2024 700 350 75 La Piazza 4Q 2023 60 50 10 Gafoy 4Q 2023 80 65 15 Summarecon Mall Bekasi [Phase 2] 1Q 2025
Slide 23: Our Business Model
¢ Our Business Model Build Integrated Townships with both residential and commercial complexes, and associated infrastructure like roads, water treatment plants for potable water supply, drainage and sewage facilities, energy distribution, education institutions, hospitals, retail centers, places of
Slide 24: Outlook for the Year and Moving Forward
gq Outlook for the Year ™M According to the Government Indonesia’s Economy is predicted to reach 5.3%, higher than that of 5.03% in 2023, supported by Household Consumption and Domestic Investment. @ On 14 February 2024 Indonesia has have its presidential election and also legislative election. N Pr
Slide 25: To contact us / Disclaimer
To contact us. Investor Relations Jemmy Kusnadi Corporate Secretary / Head of Investor Relations jemmy@summarecon.com Michael Yong Finance Advisor michaelyong@summarecon.com PT Summarecon Agung Tbk Plaza Summarecon, JI. Perintis Kemerdekaan No. 42 Jakarta 13210, Indonesia Tel : + 62 21 4714567, Fax
Slide 26: Pernyataan Sanggahan
Pernyataan Sanggahan Presentasi ini disiapkan oleh PT Summarecon Agung Tbk (“Perusahaan”) untuk tujuan informasi saja dan tidak boleh dianggap sebagai penawaran atau ajakan untuk membeli atau memiliki berbagai jenis surat berharga Perusahaan. Dokumen yang telah disiapkan dan disediakan ini bersifat
Slide 27: A Typical Residential Product (sample)
¢ A Typical Residential Product (sample) garden Scientia Garden, kawasan seluas 200 ha yang dikembangkan deuyen konvep Smart amd Green Environment, yang mengintegrasikan antara fasiltas pendidikan, perkantoran, arsa Komersial, pusat perbeianjaan gadget dan komputer, serta ruang ruang terbuka hijau y
Slide 28: Marketing Brochure (sample)
Marketing Brochure (sample) Land : 66m2 Land : 77m2 Building GFA : 62 —68 m2 Building GFA : 73 —78 m2 Price : ~Rp 1.1 bn each Price : ~Rp 1.4bn each 55 ¢ Marketing Brochure (sample) bs 1 type-E Paket Pengembangan sie Land / Building Size : Land / Building Size : Land / Building Size : 66 m2 /62 m2 6
Slide 29: End of Presentation
End of Presentation 57
PT Summarecon Agung — Investor Presentation (April 2024) on 6ix