Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — FY2023 Earnings Presentation
73 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, Apr 6, 2024
Slide 1: Review Full Year 2023
PT Surya Semesta Internusa Tbk (“SSIA”) Review Full Year 2023 www.suryainternusa.com building a better indonesia 0
Slide 2: Table of Contents
Table of Contents Surya Semesta Internusa in Summary Review of Business Segments • Milestone • Major Subsidiaries, PROPERTY Shareholders & Management • PT Suryacipta Swadaya (“SCS”) • Investment Portfolio • PT TCP Internusa (“TCP”) • Strategic Roadmap • PT Sitiagung Makmur (“SAM”) • Sustainability S
Slide 3: Surya Semesta Internusa in Summary
1 Surya Semesta Internusa in Summary building a better indonesia 2
Slide 4: Milestones and growth since IPO
PT Surya Semesta Internusa Tbk • Operating track record in property sector can be traced back to over 50 years in early 1970s 2022 • Significant growth since IPO 2017 – Raised over IDR 545 billion equity(1) 2014 Divestment of SLP & – Raised over IDR 1,600 billion in debt • Acquired location Divestme
Slide 5: Company Highlights
Surya Semesta Internusa in Summary Company Highlights Shareholding Structure 8.8% • Established and commenced operations in 1971, SSIA’s primary businesses PT Arman Investments Utama 8.5% are in construction, property and hospitality sectors Intrepid Investments Limited PT Persada Capital Investama
Slide 6: SSIA Management - Strong Operating Record
SSIA Management - Strong Operating Record Board of Commissioners >45 Years >25 Years >50 Years >35 Years >35 Years Experience Experience Experience Experience Experience Hagianto Kumala Cresento Hermawan Steen Dahl Poulsen F. Bedjo Wiantono Irawan Chandra President Commissioner Vice President Commis
Slide 7: Corporate Structure and Key Projects
Corporate Structure and Key Projects PT Surya Semesta Internusa Tbk Market cap: IDR 2.0tn / US$ 128mn 100% 100% 100% 66.0% 100% 86.8% 100% PT Nusa Raya Cipta PT Sitiagung Tbk PT Ungasan PT TCP PT Suryalaya PT Surya PT Suryacipta Makmur Market Cap: Semesta Internusa Anindita Internusa Swadaya (asset
Slide 8: Geographical Presence Across Indonesia
Geographical Presence Across Indonesia Presence in Fourteen Indonesian Cities Subang Karawang Medan Pekanbaru • Acquired location permit of • Regional office for Nusa Raya • Suryacipta City of Industry (1,400ha) • BATIQA Hotel (Business Hotel, 2,717ha Cipta (“NRCA”) 3-star, 133 rooms) - Grand • BATI
Slide 9: Strategic Roadmap
Strategic Roadmap Vision: To be the most a reliable, trusted and respected Indonesia property, construction and hospitality group of companies Continued focus on the construction and development of 1 Indonesian properties Prudent land banking strategy to deliver sustainable and 2 superior profit mar
Slide 10: SSIA's Sustainability: 4-pillar ESG strategy
SSIA’s Sustainability: 4-pillar ESG strategy lays the foundation to create holistic long-term value for our stakeholders Sustainability Strategy: 2022 Sustainability Highlights: Sustainability is an integrated part of SSIA’s • Suryacipta received highest rank in Eco Industrial Park by business. Alig
Slide 11: ESG Parameter for 2023-2027 SSIA Group
ESG Parameter for 2023-2027 SSIA Group ESG Pillars SSIA ESG Material Issues Group-wide Parameter / Target Product • Product and Service Quality • Maintain customer satisfaction score >80 across business • Implement innovative green building solutions Delivering sustainable • Customer Health and Safe
Slide 12: Macro Economic Condition
Macro Economic Condition Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation Global Economic Growth *2024F-2025F using Dec 2023 IMF Outlook *2024F-2025F using Dec 2023 IMF Outlook *2024F-2025F using Dec 2023 IMF Outlook 9.2 Advanced EMDE 8.7
Slide 13: Macroeconomic Trends
Macroeconomic Trends BI-RATE HELD “WAIT AND SEE” IBU KOTA GEOPOLITICAL AT 6,00% ELECTION NUSANTARA RISK o To uphold the stability of the • Before the election and the o IKN development prioritizes o Tensions between China and US are rupiah exchange rate, BI has quarter after, new FDI (Foreign econom
Slide 14: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (FY22) Revenue Across Business Segments (FY23) IDR 3,615bn IDR 4,538bn Property 17% Property 18% Construction 67% Construction 62% Hospitality 16% Hospitality 20% Property 0.0% 20.0% 40.0% 60.0% 80.0% 0.0% 20.0% 40.0% 60.0% 80.0% Cons
Slide 15: FY23 Financial Highlights
FY23 Financial Highlights Consolidated Revenue Gross Profit (FY22 vs FY23, IDR Billions) (FY22 vs FY23, IDR Billions) 4,538 1,327 3,615 918 FY22 FY23 FY22 FY23 EBITDA Net Income (FY22 vs FY23, IDR Billions) (FY22 vs FY23, IDR Billions) 726 176 177 458 FY22 FY23 FY22 FY23 building a better indonesia
Slide 16: FY23 Financial Highlights
FY23 Financial Highlights Property Segment Revenue (FY22 vs FY23, IDR Billions) 854 623 FY22 FY23 Construction Segment Revenue Hospitality Segment Revenue (FY22 vs FY23, IDR Billions) (FY22 vs FY23, IDR Billions) 2,886 905 2,456 595 FY22 FY23 FY22 FY23 building a better indonesia 15
Slide 17: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2017-2023, IDR Billions) 4,538 3,682 4,006 3,615 3,274 905 811 2,947 803 595 2,353 697 220 191 2,886 2,611 2,456 2,454 2,082 2,164 1,665 588 652 520 623 854 414 442 2017 2018 2019 2020 2021 2022 2023 Property Construction Hospitality Others R
Slide 18: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 54.8% 80% 52.2% 52.0% 63.5% 62.4% 64.4% 49.8% 60% 50% 47.4% 41.6% 40% 34.1% 20% 40% 0% 2019 2020 2021 2022 2023 30% Construction Gross Margins(1) % 15% 20% 11.0% 11.4% 11.1% 10.4% 10.8% 10% 10% 5% 0% 0% 2019 2020 2021 2
Slide 19: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Revenue 3,274 3,682 4,006 2,947 2,353 3,615 4,538 Revenue Growth -14% 12% 9% -26% -20% 54% 26% Gross Profit 864 981 1,091 635 517 918 1,327 Gross Profit Margin 26% 27% 27% 22% 22% 25% 29% EBITDA 413
Slide 20: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Property 414 442 588 652 520 623 854 Segment 13% 12% 15% 22% 22% 17% 18% percentage Construction 2,164 2,454 2,611 2,082 1,665 2,456 2,886 Segment 66% 66% 65% 71% 70% 67% 62% percentage
Slide 21: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Property 139 175 244 281 202 221 370 Segment 31% 32% 42% 94% 90% 43% 45% percentage Construction 157 184 163 130 100 171 205 Segment 35% 34% 28% 44% 45% 33% 25% percentage Hospitality 14
Slide 22: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Property 80 127 159 104 9 35 206 Segment 48% 49% 58% -341% -8% 51% 55% percentage Construction 153 123 105 59 55 75 100 Segment 92% 48% 39% -194% -47% 109% 26% percentage Hospitality
Slide 23: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 2023 Current Assets 3,459 4,058 3,004 3,008 3,325 3,235 Cash & ST Investments 1,527 851 782 1,136 1,219 1,372 Account Receivables 1,515 1,419 1,405 1,542 1,443 1,239 Inventories 463 422 490 553 376 314 Other-C
Slide 24: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2018 2019 2020 2021 2022 2023 Bank/Third parties Loan IDR denominated in IDR Billions 1,507 1,194 1,305 1,245 1,514 2,526 (1) (1) (1) (1) US$ denominated in IDR Billions - 662 676 1,059 1,034 - Total Debt in IDR Billions 1,507 1,856 1,981
Slide 25: Review of Business Segments
2 Review of Business Segments building a better indonesia 24
Slide 26: Property
PROPERTY 2.1 - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) building a better indonesia 25
Slide 27: FDI and DDI Realization vs Industrial Land Sales in West Java
Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area in (RHS) 100 96 480 84 45.6 90 430 80 38.5 380 70 330 274 62 60 57 280 54 54 30.6 28.7 209 214 50 24.5 25.8 213 230 40 180 186 191 30 130 45.6 50.3 20 80 29.3 28.2 28.7
Slide 28: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q4 2023 Research building a better indonesia 27
Slide 29: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q4 2023 Research building a better indonesia 28
Slide 30: Manageable Risk Business Model (Industrial/Property)
Manageable Risk Business Model Master Plan Basic Infrastructure & Marketing Sales Sites Preparation & Finishing 6-12 Months 18 Months 6-12 Months Land Create Build basic infrastructure Completion and acquisition masterplan Preparation of site Handover (Industrial/Property) Business Model Execute Int
Slide 31: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Suryacipta City of Industry Tanjung Priok Seaport Soekarno-Hatta International Airport Subang Smartpolitan Patimban Seaport Both projects are directly Halim Kertajati connected to the main toll road Perdanakusuma International Airport Ai
Slide 32: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Patimban 5 Seaport Soekarno-Hatta Suryacipta City of Industry Subang Smartpolitan International Airport Tanjung Priok 1 Jakarta-Surabaya High Speed Railway Seaport 2 Jakarta-Cikampek Elevated Toll Road KM KM To Central & KM KM KM KM KM K
Slide 33: Property Business Segment
Property Business Segment Suryacipta Karawang & Subang Smartpolitan ASP (in thousand Rp / sqm) 1,967 1,788 1,775 1,815 1,911 1,478 602 2017 2018 2019 2020 2021 2022 2023 Property Business Segment Revenue (2017-2023, IDR Billions) 854 169 652 623 588 59 520 71 126 414 442 91 55 71 685 593 517 497 429
Slide 34: High Quality Projects in Suryacipta City of Industry
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix To Jakarta Home of 150 prestigious global companies Industrial Area Commercial Area Utility West Karawang Community Facilities Sold Area Interchange Jakarta – Cikampek Toll Gate AUTOMOTIVE BUILDING SUPPLIES Toll
Slide 35: Well-Diversified Current Tenant Mix
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix Tenant Landbank by Sector Tenant Landbank by Country Home Appliance, 1.0% Logistics/Warehousing, 1.0% Textiles, 1.0% Chemical, 0.4% Europe & Electronics, US, 9% 1.6% Others, 0.1% Pharmaceutical, Construction, 2.
Slide 36: Industrial Estate Review: Marketing Sales
Business Segment Property: Industrial Estate Review Marketing Sales Land Sales Location 2017 2018 2019 2020 2021 2022 2023 Suryacipta Karawang (ha) 2.1 8.3 17.8 5.6 10.1 10.0 18.2 - - - - - 2.0 2.3 Subang Smartpolitan (ha) 1 - - 86.2 3.2 3.7 4.2 5.0 Others* (ha) TOTAL Sales Value 42 149 572 90 190 2
Slide 37: Industrial Estate Review: Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2017 2018 2019 2020 2021 2022 2023 11.5 8.7 17.1 6.2 8.8 10.2 17.2 Suryacipta Karawang (ha) 2.3 Subang Smartpolitan (ha) 1 2.3 84.0 4.2 5.2 2.6 Others* (ha) TOTAL Sales Value 176 154 297 357 166 207 386 (in IDR
Slide 38: Edenhaus Simatupang (TCP Internusa)
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses (~Rp300 billion) Edenhaus Marketing Sales ✓ 39 units (Rp283 billion) sold per 2023 (unit) 37 units (Rp269 bn) booked as Revenue as of FY23 10 9 14 6 FY20 FY21 FY22 FY23 building a better indonesia 37
Slide 39: Glodok Plaza & Edenhaus Simatupang
Business Segment Property: Glodok Plaza & Edenhaus Simatupang Occupancy Rate (%) – Glodok Plaza Revenue (in IDR billions) – TCP INTERNUSA 90% 83% 83% 79% 79% 80% 140 80% 76% 126 70% 120 60% 100 50% 80 74 40% 60 56 30% 44 40 20% 10% 20 0% 0 2018 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 build
Slide 40: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue (in IDR 2017 2018 2019 2020 2021 2022 2023 Billions) Industrial Estate (SCS) 176 154 297 357 166 207 386 Land Sales Industrial Estate (SCS) 183 217 220 236 263 290 299 Non-Land Rental Property 55 71 71 59 92 126 169 (TCP & Others) TOTAL 414 442 58
Slide 41: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Revenue 414 442 588 652 520 623 854 Revenue Growth -37% 7% 33% 11% -20% 20% 37% Gross Profit 202 225 307 339 259 295 468 Gross Margin 49% 51% 52% 52% 50% 47% 55% EBITDA 139 175 244 281 202 221 369 E
Slide 42: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Suryacipta City of Industry Entrance Commercial Area Developement Suryacipta City of Industry Factory Toll Exit Leading to Suryacipta City of Industry building a better indonesia 41
Slide 43: Subang Smartpolitan
ii SUBANG SMARTPOLITAN BY SURYACIPT Agia = wy) ye Cc SS 9 Oo PT. SURYACIPTA SWADAYA | 42
Slide 44: Subang Smartpolitan Location
Subang Smartpolitan Location Strategic Location ▪ The future of industrial corridor; ▪ Within the Rebana Metropilitan; ▪ Direct toll access (via Trans-Java toll road network); ▪ Direct Access to Patimban Seaport; ▪ Direct Access to West Java International Airport (Kertajati); ▪ Connected via railroa
Slide 45: Subang Smartpolitan Project Timeline
Subang Smartpolitan Project Timeline Phase 1 Subang Smartpolitan, the - Development : Q4 2020 pioneer of smart and - Handover : Q3 2023 sustainable city development, - Operation : Q4 2024 Leverages technology and IOT to promote efficiency and Toll Road to Patimban - Development : Q1 2024 security. -
Slide 46: Masterplan
MASTERPLAN ▪ Subang Smartpolitan is directly accessible via Cikopo- Palimanan (Cipali) Toll Road at Cipali Interchange at Patimban Toll Road Km89. (direct access to Patimban Seaport) ▪ From Kalijati Exit (Km98), Subang Smartpolitan is approximately 13Km (25mins). Direct Access from Cipali-Patimban T
Slide 47: Vision: pioneer of smart and sustainable city
Vision: “To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place” Subang Smartpolitan is the first integrated township in Indonesia built with smart and sustainable concept from the ground-up – with 4 pillars as the key propos
Slide 48: Vision Statement translated to township components
Vision Statement is translated to the components of the township To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place Education and Business Connectivity Community Pillars Innovation (Subang A place for An integrated platfo
Slide 49: Smart Infrastructures
Subang Smartpolitan Smart Infrastructures Smart Connectivity Smart Grid Sensor High-speed Multiple Fiber Microgrid Monitoring connection Optic Network system System IoT Network (e.g., LoRaWAN, NB-IoT, etc.) Smart & Sustainable Water System Intelligent Monitoring & Control Sensor Geographical Water S
Slide 50: Smart & Sustainable Water - Sensor Monitoring System
Subang Smarpolitan Smart & Sustainable Water – Sensor Monitoring System Data transmission via internet Cloud Server Proceed Monitoring Central Coordinator Maintenance Station (GSM/GPRS module, micro controller) Pressure change detected ! Leaked Pipes Problem Fixed Pressure and Water distribution sys
Slide 51: Sustainability Efforts
Subang Smartpolitan Sustainability Efforts 2022 2024 2025 2026 onwards • Finalisation of WSUD • Finalise PLN agreement for • Solar farm stage 1 • Designate parking areas Detailed Engineering green energy commissioning & for trucks. Design. • Smartpolitan’s infrastructures distribution. • Biomass ass
Slide 52: Patimban Seaport vs. Tanjung Priok Seaport
Subang Smartpolitan Patimban Seaport vs. Tanjung Priok Seaport PREFERENCE OF AUTOMOTIVE MANUFACTURERS IN HINTERLAND PATIMBAN VS. TANJUNG PRIOK FUTURE CAPACITY 11.50 M 11.50 M 7.50 M 7.50 M 7.50 M 5.50 M 3.75 M 0.25 M 32% 600 K 600 K 600 K Pa ti m b a n 350 K 350 K 350 K 350 K T a n j u n g Pr i o k
Slide 53: Patimban Seaport Development Masterplan
Subang Smartpolitan Patimban Seaport Development Masterplan Phase I-1 Phase II • Container Terminal: • Container Terminal: 250,000 TEUs 5,000,000 TEUs • Car Terminal : • Car Terminal: 218,000 CBU 600,000 CBU • Draft: 10m 2023-2025 2028-2032 2018-2021 2025-2027 Phase I-2 Phase III • Container Termina
Slide 54: Construction - PT Nusa Raya Cipta Tbk
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 53
Slide 55: Manageable Risk Business Model (Construction)
Manageable Risk Business Model Appointment Delivery and Process Payment Process between Working Parties Handover (Up to 1 year) 1 – 3 Years 6 – 12 months Tender Invitation Final Delivery Retention And Period Payment of Retention Business Model (Construction) Tender Submission Negotiation Advance Pay
Slide 56: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2019-2023, Revenue, IDR Trillions) (2022-2023, Revenue, IDR Trillions) 3.0 5.0 2.9 2.90 3.00 4.0 2.3 2.50 2.30 2.30 3.0 2.0 1.40 1.2 1.20 1.00 0.80 1.0 - - 0.0 2019 2020 2021 2022 2023 2022 2023 Nusa Raya Cipta Jaya K
Slide 57: Construction: NRCA Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects (in IDR Billions) 2019 2020 2021 2022 2023 New Contract Classification (in IDR billions) 2,028 1,095 2,679 2,352 2,925 Contract on hand - 4,443 3,478 2,321 3,202 3,129 1% 0% 8% 6% beginning 17% 0% 16% 6% 16% 12% 16% 12% Contract
Slide 58: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 Revenue 2,457 2,618 2,086 1,670 2,462 2,896 Revenue Growth 14% 7% -20% -20% 47% 18% Gross Profit 251 274 229 190 266 321 Gross Margin 10% 10% 11% 11% 11% 11% Income from JO 27 -1 -6 -15 2 5 EBITDA 219 19
Slide 59: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 2023 Assets Cash & Cash Equivalents 736 689 578 496 647 615 Account Receivable 1,198 1,468 1,381 1,400 1,552 1,464 Project Advance 38 34 22 33 33 15 Others 283 272 241 214 223 242 Total Assets 2,255 2,463 2,22
Slide 60: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Carstensz Apartement - Tangerang JHL Office S8 – Gading Serpong 57 Promenade – Jakarta Indigo Hotel Dago Pakar Resort Marriot The Luxury Pakuwon Mixed Use - Bekasi - Bandung Collection – Labuan Bajo building a better indonesia 59
Slide 61: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 60
Slide 62: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q4 2023 Research & STR Global building a better indonesia 61
Slide 63: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q4 2023 Research & STR Global building a better indonesia 62
Slide 64: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2017-2023, IDR Billions) (2018-2023, %) 90% 80.4% 80% 905 70% 67.0% 60% 811 55.6% 803 120 50% 40% 30% 697 86 94 56 20.6% 20% 10% 80 595 0% 144 144 2018 2019 2020 2021 2022 2023 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA 151 105 38 549 R
Slide 65: Hospitality Business
Hospitality Business ARR (Rp) 2018 2019 2020 2021 2022 2023 GMJ 1,348 1,251 1,042 803 1,041 1,156 MBH 1,626 1,671 1,468 671 1,696 2,061 JBUR 6,680 6,223 5,714 4,672 6,572 7,888 BATIQA 333 314 303 322 344 364 Room RevPAR (thousand Rp) GMJ 681 561 160 237 483 642 MBH 1,243 1,307 262 84 972 1,658 JBUR
Slide 66: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 2023 Revenue 697 803 811 220 191 595 905 Revenue Growth 3% 15% 1% -73% -13% 211% 52% Gross Profit 442 519 515 75 80 371 583% Gross Margin 63% 65% 64% 34% 42% 62% 64% EBITDA 148 186 177 -113 -79 122 241 EB
Slide 67: Travelio's FY-23 Achievements & FY-24 Targets
Travelio’s FY-23 Achievements & FY-24 Targets Company GMV Net Live Units Growth within the Next 1 Year (In IDR Mio) 718,143 +30% 552,974 FY-23 FY-24 14,234 16,189 Apartments Apartments 3,405 2,832 Houses Houses FY-23 (Actual) FY-24 (Budget) FY-23 Highlights: +24% YoY +3,294 42,329 2,562,050 Mid-Long
Slide 68: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia 67
Slide 69: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel Villa Main Pool Lobby Hotel The Level Family Suite Room Swimming Pool building a better indonesia 68
Slide 70: Photos of UMANA BALI, LXR Hotels & Resorts
Photos of UMANA BALI, LXR Hotels & Resorts Resorts Aerial (Day) Tropical Garden Pool Villa Panoramic Ocean Pool Villa Commune (Outdoor - Day) Pad (Indoor - Night) Main Pool (Day) building a better indonesia 69
Slide 71: Photos of BATIQA Hotels
Photos of BATIQA Hotels Suite Room FRESQA Bistro Exterior view of BATIQA Hotel Cirebon Lobby Meeting Room building a better indonesia 70
Slide 72: Thank You
BUILDING A BETTER INDONESIA THANK YOU Erlin Budiman VP Head of Investor Relations Contact: erlin.budiman@suryainternusa.com These materials have been prepared by PT Surya Semesta Internusa Tbk (the “Company”, “SSIA”) These materials are for information purposes only and do not constitute or form par
Slide 73: building a better indonesia
building a better indonesia 72
PT Surya Semesta Internusa — FY2023 Earnings Presentation on 6ix