PT Surya Semesta Internusa Tbk · IDX:SSIA
PT Surya Semesta Internusa Tbk — Q1 2012 Earnings Presentation
39 slides from PT Surya Semesta Internusa Tbk's earnings presentation, Jun 19, 2012
Slide 1: Review 1st Quarter of 2012
PT SURYA SEMESTA INTERNUSA TBK (“SSIA”) Review 1st Quarter of 2012 www.suryainternusa.com 0
Slide 2: Table of Contents
Surya Semesta Internusa Table of Contents in Summary • Vision and Mission • Investment Highlights Review of Business Segments • History • Major Subsidiaries, CONSTRUCTION Shareholders & Management • PT Nusa Raya Cipta (“NRC”) • Investment Portfolio • Indonesia Economic PROPERTY Indicator • PT Suryac
Slide 3: Surya Semesta Internusa in Summary
Surya Semesta Internusa in Summary 2
Slide 4: Vision and Mission
Vision and Mission vision To build a better Indonesia through a reliable , trusted and respected Indonesia property, hospitality and construction group of companies mission To provide quality products and superior services, through the commitment and excellence of our people, and create optimal valu
Slide 5: Investment Highlights
Surya Semesta Internusa in Summary Investment Highlights • SSIA’s primary businesses are Construction, Property (industrial estate, real estate and rental property) and Hospitality. • The company is listed on the Indonesia Stock Exchange. • SSIA has a stable base of well-respected long term sharehol
Slide 6: History
Surya Semesta Internusa in Summary History Year Milestone 1971 Established as a property development company to develop the Golden Triangle area in Kuningan, South Jakarta, Indonesia 1976 Built Glodok Plaza, Indonesia’s first modern shopping center in Chinatown, Jakarta, Indonesia 1983 Developed Mel
Slide 7: Major Subsidiaries, Shareholders & Management
Surya Semesta Internusa in Summary Major Subsidiaries, Shareholders & Management Construction Hospitality PT Nusa Raya Cipta “(NRC”) 83.33% PT Suryalaya Anindita International (“SAI”) 53.75% PT Ungasan Semesta Resort (“USR”) 100% Property PT Surya Internusa Hotel (SIH”) 100% PT Suryacipta Swadaya (“
Slide 8: Investment Portfolio as at 31 Mar 2012
Surya Semesta Internusa in Summary Investment Portfolio as at 31 Mar 2012 Construction PT Nusa Raya Cipta (“NRC”) Construction services Top 2 privately-owned (revenue) Property PT Suryacipta Swadaya (“SCS”) Suryacipta City of Industry (license 1,400 (saleable industrial phase 1 & 2) 1,270,000 sqm he
Slide 9: Indonesian Economic Indicators
Indonesian Economic Indicators Source: Bank Indonesia, Indonesian Bureau Statistics 8 8
Slide 10: 1Q2012 Financial Highlights
1Q2012 Financial Highlights • SSIA recorded consolidated revenue of IDR 883b in 1Q2012, down compared to 977b in 1Q2011 or a 9.6% decrease since: • Industrial estate booked a total land sold of 43 ha at IDR 336b in 1Q2012, compared to 159 ha at IDR 519b (of which 121 ha was sold to Astra) in 1Q2011.
Slide 11: Consolidated Operating Results
Financial Highlights Consolidated Operating Results (Rp in billions, unless stated otherwise) 2007 2008 *) 2009 *) 2010 **) 2011 1Q11 1Q12 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 1,218 1,753 1,484 1,690 2,879 977 883 Revenue Growth 11% 44% -15% 14% 70% 200% -10% Gross Pro
Slide 12: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment In Rp Bio 2007 2008 2009 2010 2011 1Q11 1Q12 In Percentage 2007 2008 2009 2010 2011 1Q11 1Q12 Construction 876 1,195 873 978 1,520 327 417 Construction 72% 68% 59% 58% 53% 33% 47% Hospitality NA 155 347 413 449 108 97 Hospitality NA 9% 23
Slide 13: Consolidated EBITDA by Main Business Segment
Financial Highlights Consolidated EBITDA by Main Business Segment In Rp Bio 2007 2008 2009 2010 2011 1Q11 1Q12 In Percentage 2007 2008 2009 2010 2011 1Q11 1Q12 Construction 45 68 45 66 99 24 29 Construction 63% 43% 32% 30% 19% 12% 10% Hospitality NA 54 96 100 109 28 24 Hospitality NA 34% 69% 45% 21%
Slide 14: Consolidated Net Profit by Main Business Segment
Financial Highlights Consolidated Net Profit by Main Business Segment In Rp Bio 2007 2008 2009 2010 2011 1Q11 1Q12 Construction 26 33 10 26 32 11 8 Hospitality 14 14 26 13 4 4 (0) Property (10) (25) 13 34 235 106 216 Other - PPI 1 (5) (16) (5) - - - Other - Holding (19) (29) (15) 47 (14) (3) (2) Tot
Slide 15: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet –31 December 2007 to 2011 and 31 March 2011/2012 31-Dec-07 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Mar-11 31-Mar-12 In Rp Billions Audited Audited Audited Audited Audited Unaudited Unaudited Current Assets 445 712 616 765 1,446 1,314 1,795 Cash & ST
Slide 16: Balance Sheet Summary
Financial Highlights Balance Sheet Summary – 31 December 2007 to 2011 and 31 March 2011/2012 31-Dec-07 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 1Q11 1Q12 Bank/Third parties Loan IDR denominated in Rp Billion 51 80 307 367 466 344 453 US$ denominated in US$ Million 31.7 59.6 46.9 43.1 18.3 41.9 18.3 T
Slide 17: Review of Business Segments
Review of Business Segments 16
Slide 18: Construction - PT Nusa Raya Cipta
CONSTRUCTION - PT Nusa Raya Cipta (“NRC”) 17
Slide 19: Construction Business Unit: PT Nusa Raya Cipta
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta • PT Nusa Raya Cipta (“NRC”) is one of Indonesia’s leading private construction companies, specializing in high-rise buildings, commercial complexes, and medium-to-large scale manufacturing facilities • Over the years, it has been o
Slide 20: Construction: Major Projects and Contracts
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta Major Projects and Contracts • Some major projects obtained in 2012, including: 2009-2011 Major Projects − Galaxy Mal, Bekasi Cosmo Terrace Retail and Mall Alam Sutera, − Grand Metropolitan, Bekasi Apartment , Jakarta Serpong − Puri
Slide 21: Photos of Projects by PT Nusa Raya Cipta
Photos of Projects by PT Nusa Raya Cipta 20
Slide 22: Property
PROPERTY - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) 21
Slide 23: Property: Description
Financial Highlights Property: Description • PT Suryacipta Swadaya (“SCS”) develops and currently manages the Suryacipta City of Industry – a 1,400 ha industrial estate in Karawang, West Java (55 km from Jakarta, 65 km from Tanjung Priok Seaport and 80 km from International Airport) • PT TCP Internu
Slide 24: Property: Operating Result
Financial Highlights Property: Operating Result (Rp in billions) 2007 2008 2009 2010 2011 1Q11 1Q12 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 137 167 105 235 909 542 369 Gross Profit 53 63 33 100 358 154 251 EBITDA 26 38 16 73 328 145 240 Operating Profit 13 25 3 52 312 139
Slide 25: FDI and Domestic Investment vs Industrial Land Sales in West Java
Statistic of Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area (RHS) Source: BKPM (Indonesia Investment Coordinating Board) and Colliers 1Q2012 Research 24
Slide 26: Property: Industrial Estate Review
Financial Highlights Property:Industrial Estate Review Government support for industrialization leads to higher FDI inflow and expansion of domestic manufacturers as they have fully utilized their capacity, spurs demand for land in industrial estate. 2007 2008 2009 2010 2011* 1Q11 1Q12 Land sold (ha
Slide 27: Property: Industrial Estate Review, Tenants and Land Bank
Financial Highlights Property:Industrial Estate Review Major Tenants: • Foreign-owned Licence (ha) - gross 1,400 (including commercial 24 ha) −Bridgestone Tire, Japan (37 ha) Phase 1 and 2 (ha) - gross 1,000 −TVS, India (40 ha) Industrial land (ha) - net 768 −Bekaert, Belgium (19 ha) Sold up to 31 M
Slide 28: Property: Rental Property Review
Financial Highlights Property: Rental Property Review • Rental properties, Graha Surya Internusa office building (GSI) and Glodok Plaza (GP) booked relatively stable rental income. Occupancy Rate 2007 2008 2009 2010 2011 1Q11 1Q12 GSI 99% 99% 85% 89% 90% 89% 93% Major Tenants: GP 67% 71% 72% 72% 81%
Slide 29: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry 28
Slide 30: Hospitality
Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) 29
Slide 31: Hospitality Business: Description
Financial Highlights Hospitality Business: Description PT Suryalaya Anindita International (“SAI”) owns two five-star hotel properties: • Gran Meliã Jakarta (“GMJ”) and • Meliã Bali Villas & Spa Resort (“MBH”) PT Ungasan Semesta Resort (“USR”), together with Banyan Tree Hotels and Resorts Ltd. Singa
Slide 32: Hospitality Business: Operating Result
Financial Highlights Hospitality Business: Operating Result (Rp in billions) 2007 2008 2009 2010 2011 1Q11 1Q12 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue 300 352 347 413 449 107 96 Gross Profit 192 237 232 274 291 73 63 EBITDA 85 120 97 100 109 29 24 Operating Profit 57 94
Slide 33: Hospitality Business: Review
Financial Highlights Hospitality Business: Review 32
Slide 34: Hospitality Business: Review 1Q2012
Financial Highlights Hospitality Business: Review 1Q2012 • The occupancy rate MBH increased from 75% in 1Q2011 to 78% in 1Q2012. Its average room rate in also increased by 5% in USD from US$100 in 1Q2011 to US$105 in 1Q2012. • The renovation works which started in June 2011, affected the average occ
Slide 35: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel INDONESIA 34
Slide 36: Photos of Banyan Tree Resort Ungasan, Bali
Photos of Banyan Tree Resort Ungasan, Bali 35
Slide 37: Plans for 2012 by Segment
Construction: Maintain market share in highrise building Construction of toll road, Cikampek- Palimanan (116 km) is expected to begin in 3Q12 Property: SCS will complete the development of phase 2 in 2012, fully acquire and start the development of phase 3. Secure additional licence and fully acquir
Slide 38: Thank You
suryainternusa Thank You INDONESIA oy)
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