Pt Lippo Cikarang Tbk · IDX:LPCK
Pt Lippo Cikarang Tbk — H1 2021 Earnings Presentation
30 slides from Pt Lippo Cikarang Tbk's earnings presentation, July 2021
Slide 1: PT Lippo Cikarang Tbk 1H21 Results Presentation
PT Lippo Cikarang Tbk 1H21 Results Presentation July 2021
Slide 2: Contents
Contents Shareholder Structure 03 - 04 1H21 Financial Data 05 – 11 Meikarta 12 – 18 Projects Data 19 – 21 Lippo Cikarang Map and Corporate Structure 22 - 24 Appendix 25 - 30
Slide 3: Shareholder Structure
Shareholder Structure 3
Slide 4: Shareholder Structure
Shareholder Structure As of 30 June 2021 As of 31 December 2020 No. of No. of Change Description No. of Shares % No. of Shares % Investors Investors YTD (%) Domestic Individual 5,577 280,270,325 10.5% 6,063 262,941,625 9.8% 6.6% Foundation 1 12,500 0.0% 1 12,500 0.0% 0.0% Pension Fund 15 674,200 0.0
Slide 5: 1H21 Financial Data
1H21 Financial Data 5
Slide 6: Key Financial Highlights
Key Financial Highlights 1H21 1H20 Change (%) Presales (Rp billion) 626 544 15% Revenue (Rp billion) 655 1,088 -40% Recurring Revenue (Rp billion) 190 191 0% EBITDA (Rp billion) 167 327 -49% EBITDA Margin 25.6% 30.1% N.A. Net Income (Rp billion) 246 400 -39% Net Debt/Equity Ratio (X) 0.05 (0.03) N.A
Slide 7: Summary of balance sheet and marketing sales
Summary of balance sheet and marketing sales Balance Sheet (Rp Billion) FY17 FY18 FY19 FY20 Jun-21 Assets 11,267 9,226 12,219 9,720 9,852 Debt 249 - 200 977 945 Liability 4,734 1,696 1,337 3,140 3,045 Equity 6,533 7,530 10,882 6,579 6,648 Return on Assets (%) -7.3% 21.3% 2.5% -37.6% 5.0% Return on E
Slide 8: Balance Sheet
Balance Sheet (Rp bn, consolidated) ASSETS 1H21 FY20 LIABILITIES & STOCKHOLDERS' EQUITY 1H21 FY20 Current Assets Current Liabilities Cash & Cash Equivalent 591 635 Bank Loan (short & current portion) 578 571 Account Receivable 23 21 Accounts Payable 100 84 Investment in shares 134 169 Accrued Exp. &
Slide 9: Historical balance sheet position
Historical balance sheet position Total Assets (Rp Bn) Total capitalization (Rp Bn) 14,000 12,000 200 312 12,000 10,000 10,000 4,928 8,000 3,334 223 977 945 8,000 2,896 3,190 238 238 523 6,000 6,000 623 1,690 635 169 591 134 10,570 1,739 4,000 4,000 7,297 6,570 6,342 5,078 5,725 5,793 2,000 2,000 3,
Slide 10: 1H20 Net Profit increased 140% YoY with better profitability mix and improved efficiency
1H20 Net Profit increased 140% YoY with better profitability mix and improved efficiency (in Rp bn, unless stated otherwise) 2Q21 2Q20 YoY change % 1H21 1H20 YoY change % Total revenue 416 514 (98) -19% 655 1,088 (433) -40% COGS (214) (312) 97 -31% (360) (616) 256 -42% Gross Profit 202 202 (1) 0% 29
Slide 11: Income statement highlights
Income statement highlights Property marketing sales (RpBn) Revenue (RpBn) 16 52 - 39 - 81 1 340 77 285 383 291 12 130 327 27 33 66 13 54 857 387 242 190 1 87 83 66 935 177 673 261 1,129 935 1,265 398 2018 2019 2020 1H21 2018 2019 2020 1H21 Residential Commercial Industrial DS 8 Orange County Reside
Slide 12: Meikarta
Meikarta 13
Slide 13: Strategic region for growth – In between Jakarta & Bandung
Strategic region for growth – In between 2 of Indonesia’s largest cities (Jakarta & Bandung); West Java is Indonesia’s most populous province SURROUNDED BY FORTUNE 500 COMPANIES ▪ 4.000 MULTINATIONAL COMPANIES ▪ 1 MILLION CAR PRODUCTION / YEAR ▪ 10 MILLION MOTORCYCLES PRODUCTION / YEAR ▪ 12.000 EXPA
Slide 14: New infrastructure underway increasing accessibility to Industrial Estates
New infrastructure underway increasing accessibility to Industrial Estates, Future driver of FDI KERTAJATI INTERNATIONAL AIRPORT PATIMBAN DEEP SEAPORT Estimated cost: Rp 25.4 Tn. Estimated cost: Rp 40.0 Tn. Estimated completion: Already Operational Estimated completion: End of 2021 (Partial) ELEVATE
Slide 15: Future Infrastructure Under Construction
Future Infrastructure Under Construction Kertajati Airport Elevated Toll Road Jakarta-Cikampek Operated in 2018 Operated in 2019 LRT Jakarta-East Bekasi High Speed Train Jakarta Bandung To be completed in 2021 To be completed in 2022 16
Slide 16: Meikarta: Significant progress since 2019, Handovers commence
Meikarta: Significant progress since 2019, Handovers commence Dec 2020 Jun 2021 ~58ha of land owned. Currently have ongoing development for two apartment districts. District 1 ▪ Consists of ~13ha ▪ 28 towers, all of which have been topped off. ▪ Handover commenced. As of 31Jun21, ~1,250 units have b
Slide 17: Meikarta Construction Progress June 2021
Meikarta Construction Progress June 2021 18
Slide 18: Central Park at Meikarta
Central Park at Meikarta 19
Slide 19: Projects Data
Projects Data 20
Slide 20: Waterfront - Affordable Landed Residential Housing
Waterfront - Affordable Landed Residential Housing Riverside Cluster Launch date : Mar-20 Unit sold (units) : 254 Avg price per unit (Rp m) : 843 Sold value (Rp bn) : 214 Payment profile : Cash 10% Installment 11% Mortgage 79% Silvercreek Cluster American Style Launch date : Mar-20 Unit sold (units)
Slide 21: YTD as of May21, 70% of units in Orange County have been handed over
YTD as of May21, 70% of units in Orange County have been handed over 22
Slide 22: Lippo Cikarang Map and Corporate Structure
Lippo Cikarang Map and Corporate Structure 23
Slide 23: Corporate Structure (Post Rights Issue)
Corporate Structure (Post Rights Issue) PT LIPPO KARAWACI TBK PT KEMUNING PT LIPPO KARAWACI Tbk Other PUBLIC BELOW SATIATAMA Subsidiaries 5% 80,83% 3,16% 16,01% As of 30 June 2021 No. of outstanding share 2,679,600,000 Code : LPCK IJ Lippo Cikarang Orange County East Jakarta Corridor ▪ Trivium Terra
Slide 24: Landbank Reconciliation
Landbank Reconciliation Comprehensive review of landbank conducted at YE20 based on current market values, detailed breakdown of key landbanks Ownership (%) Land Area (ha) Market value (US$ m) Area: Lippo Cikarang 100% 615 1,700 - Residential/ Commercial 100% 240 - Industrial 100% 375 * All values a
Slide 25: Appendix
Appendix LIPPO GROUP IE
Slide 26: Foreign ownership remains a challenge in 2020 but is expected to show relaxation in 2021
Foreign ownership remains a challenge in 2020 but is expected to show relaxation in 2021 27
Slide 27: Key Milestones
Key Milestones 2017 2018 1987-1997 2004-2012 2014 • Launch Meikarta, a beautiful • Handover all units sold at The forerunner, PT Desa Dekalb • Construction of Vassa Lake • Opening of Cibatu toll gate Km 34.7. megacity that wll covers 22 Irvine and Westwood at established in 1987, and was Residence a
Slide 28: LPCK trading performance
LPCK trading performance 10,500 +2 s.d 8,500 6,500 +1 s.d 4,500 5- yr mean 2,500 -1 s.d 500 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 (1,500) -2 s.d Price to Book as of 30 June 2021 1.8 1.6 1.
Slide 29: Board of Commissioners and Directors team focused on corporate governance and driving the business
Board of Commissioners and Directors team focused on corporate governance and driving the business Board of Commissioners Drs. Theo L. Sugiono Djauhari Anand Kumar Ali Said Hadi Cahyadi Didik J. Rachbini Sambuaga Commissioner Commissioner Independent Independent Independent President Commissioner Co
Slide 30: Investor Relations
Investor Relations Tevilyan Yudhistira Rusli Chief Financial Officer : Yudhistira.Rusli@lippokarawaci.co.id : +62 21 25669055 : www.Lippo-Cikarang.com 31