Pt Ciputra Development Tbk · IDX:CTRA
Pt Ciputra Development Tbk — Investor Presentation (November 2007)
30 slides from Pt Ciputra Development Tbk's investor presentation, November 2007
Slide 1: PT Ciputra Development Tbk Business Presentation
PT CIPUTRA DEVELOPMENT TBK Business Presentation November 2007
Slide 2: Disclaimer
Disclaimer The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, & no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Ciput
Slide 3: Overview
Overview 2
Slide 4: Corporate Structure
Corporate Structure Shareholding and 1st tier subsidiaries structure as at 30 November 2007 Founding Management Free Float Shareholders Incentive Scheme PT SANG ARTUPIC INTERNATIONAL PUBLIC PELOPOR BV 35.11% 6.21% 58.68% PT CIPUTRA DEVELOPMENT TBK 6.540.596.675 shares at par value IDR 500.00 99.999%
Slide 5: Corporate history
Corporate history The Company was established on 22 October 1981 under the name of PT Citra Habitat Indonesia 1981-1990 The Company’s first project was the Jakarta CitraGarden City development, which was a residential estate located adjacent to the Soekarno-Hatta International Airport in Jakarta. Th
Slide 6: Business Overview
Business Overview One of the largest property development Successfully developed: companies in Indonesia 2,500 ha of residential development; 2 integrated mall and hotels; 64,000m2 of retail floor space; Other facilities including golf course, Focus on developing sporting and recreational facilities
Slide 7: Core Business
Core Business Residential Property Development Focus on large scale integrated residential developments As a developer Company manages projects from inception through to after sales support typically involving: Identification of business development opportunity Conduct of feasibility Process approva
Slide 8: Business Prospects
Business Prospects Annual housing Company is well positioned to benefit from the favourable requirement estimated property industry outlook in Indonesia through the following at 800,000 homes factors: Urbanisation trend by people moving to the Large land banks Well recognized brand city located in h
Slide 9: Projects Portfolio
Projects Portfolio 8
Slide 10: Project Map - Indonesia
Project Map - Indonesia N MALAYSIA S MALAYSIA BRUNEI MALAYSIA SINGAPORE SUMATRA New Projects BORNEO New Projects Samarinda CitraGran City Palembang Palembang Citraland City Samarinda Banjarmasin CitraGarden Lampung Banjarmasin CitraGarden Lampung Jakarta CitraGarden City Semarang CitraRaya Tangerang
Slide 11: CTRA - Residential Projects
CTRA - Residential Projects CitraGarden CitraRaya CitraIndah Jonggol City Tangerang • Kalideres, West Jakarta • Tangerang, West Jakarta • Bogor, South Jakarta • Total area of 400 ha of • Plans to develop total area • Total area of which 300 ha already of 550 ha developed 2,760 ha • Targets range of
Slide 12: Project Map – Jakarta
Project Map – Jakarta Soekarno-Hatta International Airport N CitraGarden City S MAP OF GREATER JAKARTA Mall & Hotel Ciputra Jakarta Ciputra World Jakarta CBD CitraRaya Tangerang Proposed Toll Road – Serpong to Airport CitraIndah Jonggol 11
Slide 13: CTRA - Residential Projects (cont'd)
CTRA - Residential Projects (cont’d) CitraGarden Citraland City CitraGrand City Banjarmasin Samarinda Palembang • Banjarmasin, south • Samarinda, east • Palembang, South Sumatra Kalimantan Kalimantan • Planned area + 170 ha • Licensed area of 50 ha • Licensed area of 33 ha • Targets market : middle
Slide 14: CTRS - Residential Projects
CTRS - Residential Projects CitraRaya Bukit Palma CitraHarmoni CitraGarden CitraGarden Surabaya Surabaya Sidoarjo Sidoarjo Lampung • West Surabaya • West Surabaya • Sidoarjo, South • Sidoarjo, South • Bandar Lampung, • Licensed area of • Licensed area of Surabaya Surabaya Sumatra 1,126 ha 575 ha • T
Slide 15: CTRS - Commercial Developments
CTRS - Commercial Developments Ciputra World Surabaya Company is undertaking commercial developments in Jl. Mayjen Sungkono, Surabaya, East Java, for an integrated 7.7 ha shopping mall, apartment, office building and 5 star hotel superblock. Firstly Company will develop 86,000 m2 (GFA) shopping mall
Slide 16: Project Map – East Java
Project Map – East Java Bukit Palma Surabaya Surabaya CitraRaya Surabaya Ciputra World Surabaya CitraHarmoni Sidoarjo Sidoarjo CitraGarden Sidoarjo The Taman Dayu Pasuruan 15
Slide 17: CTRP - Commercial Developments
CTRP - Commercial Developments Company has developed and retained commercial projects such as the two integrated shopping mall and hotel currently managed Ciputra Mall & Hotel Jakarta Ciputra Mall & Hotel Semarang Location Grogol, West Jakarta Simpang Lima Total area 4.1 ha 1.7 ha Shopping mall Star
Slide 18: CTRP - Commercial Developments (cont'd)
CTRP - Commercial Developments (cont’d) Somerset Grand Citra Apartment, Jakarta Company has developed two-tower serviced apartment in Jakarta CBD of total 305 unit condominium which is 102 unit have successfully sold out. Up to date, Company owns its property of 39.94% and 57.4% by The Ascott Group
Slide 19: CTRP - Commercial Developments: Ciputra World Jakarta Lot 3-5
CTRP - Commercial Developments (cont’d) Ciputra World Jakarta Lot 3-5 Company is also undertaking commercial developments in the Jakarta CBD (Golden Triangle) area, for a residential and business park on Lot 6 and 11, another for an integrated 5.5 ha shopping mall, hotel, apartment and office buildi
Slide 20: CTRP - Commercial Developments: Ciputra World Jakarta Lot 6
CTRP - Commercial Developments (cont’d) Ciputra World Jakarta Lot 6 Mixed-use development in Lot 6 will be consisted of Condominium, serviced residence and office building. Total area 1.4 ha Total investment cost + Rp 725 billion (US$ 78 million) Construction end 2007 – 2010 Condominium Area 35,000
Slide 21: CTRP - Commercial Developments: Ciputra World Jakarta Lot 11
CTRP - Commercial Developments (cont’d) Ciputra World Jakarta Lot 11 Mixed-use development in Lot 11 will be consisted of two-tower condominium and two-tower office building. Total area 3.0 ha Total investment cost + Rp 1,2 trillion (US$ 127 million) Construction 2010 – 2012 Condominium - Tower I Ar
Slide 22: Project Map – CBD Area
Project Map – CBD Area Lot Lot Lot 11 6 4 Jakarta Stock Exchange Lot 3-5 Lot 1 JW Marriot Ritz Carlton 21
Slide 23: Key Financials
Key Financials 22
Slide 24: Perfectly Combined Marketing Sales and Recurring Revenue
Perfectly Combined Marketing Sales and Recurring Revenue 2,250 2,198 2,000 1,750 1,052 1,500 1,406 In million Rp 1,250 241 1,179 1,090 1,000 262 267 773 526 750 924 421 269 512 500 181 250 496 620 241 311 323 - 2004 2005 2006 2007 2008E end of Nov'07 Projects under CTRA directly Projects under CTRS
Slide 25: Strong Financials
Strong Financials Strong Growth in Revenue 1,400 1,186 1,200 1,050 1,000 916 In million Rp 800 739 CTRA 658 CTRS 600 555 439 CTRP 400 314 267 269 241 214 200 - 2004 2005 2006 3Q2007 High Gross Margins 80% 70% 65% 67% 65% 62% 60% 53% 49% 47% 46% 48% 50% 45% 46% 43% CTRA 40% CTRS 30% CTRP 20% 10% 0% 2
Slide 26: Profit & Loss Summary
Profit & Loss Summary Profit & Loss 30 Sept Years Ended 31 December - Audited (in millions of Rupiah) 2007 2006 2005 2004 Revenue 915,806 1,185,718 1,049,896 738,597 Net Sales 659,547 869,449 774,565 487,860 Business Revenue 256,259 316,269 275,331 250,737 COGS and Direct Cost 473,066 626,710 563,70
Slide 27: Balance Sheet Summary
Balance Sheet Summary Balance Sheet (In millions of Rupiah) 30 Sept 31 December - Audited 2007 2006 2005 2004 Assets Cash and cash equivalents 657,934 759,944 389,959 179,292 Inventories (land and property for sale) 2,092,427 2,446,141 2,644,755 1,831,272 Undeveloped land 1,097,908 510,526 949,806 1
Slide 28: Land Bank – Residential Projects
Land Bank – Residential Projects As of 30 Sept 2007, the Company and Subsidiaries has land bank (developed and undeveloped land) of 1,483.8 ha (equal to Rp 2,437 bio). The details of each project’s land bank areas and values are as follows: (in Billion Rp, except for Average Land Selling Price) Deve
Slide 29: CTRA In-house Enterprise Value
CTRA In-house Enterprise Value In Million Rp/shares, except PV/share Net Effective Project % PV Value Projects under CTRA directly 3,145,354 80%-100% 2,990,144 Projects under CTRS directly 3,636,785 39.92% 1,451,805 Projects under CTRP directly 5,585,488 51.06% 2,851,777 Project Value (PV) 7,293,726
Slide 30: Thank You
Thank You www.ciputradevelopment.com 29
PT Ciputra Development — Investor Presentation (November 2007) on 6ix