PT Intiland Development Tbk · IDX:DILD
PT Intiland Development Tbk — Q3 2010 Earnings Presentation
48 slides from PT Intiland Development Tbk's earnings presentation, Oct 29, 2010
Slide 1: PT Intiland Development Tbk 3Q 2010 Results Presentation
PT Intiland Development Tbk 3Q 2010 Results Presentation 29th October 2010
Slide 2: Summary
Summary As of 3Q 2010, we are on track to deliver a record full year for our shareholders • Record Revenue of Rp 715 Billion • Net profit grew to Rp 293 Billion (19x over 3Q 2009) • Mature Projects: – Continued recognition of sales of houses & land in mature township projects (Taman Semanan Indah in
Slide 3: Financial Highlights 3Q 2010
FINANCIAL HIGHLIGHTS 3Q 2010 Private & Confidential 3
Slide 4: Financial Performance Summary
Financial Performance Summary PT Intiland Development Tbk Financial Summary Nine Months to September 30, 2010 (Rp Billions) 9 Months to Sep 30 Annual 3Q 2010 3Q 2009 % 2009 2008 2007 Total Revenue 715 266 168% 387 332 326 Gross Profit 347 111 213% 162 130 114 Income from Operations 256 41 518% 61 41
Slide 5: 3Q 2010 Profit Growth
3Q 2010 Profit Growth Total Revenue Income from Operations 800 300 715 256 700 250 600 200 500 387 326 332 400 150 266 300 100 200 61 34 41 41 50 100 - - 2007 2008 2009 3Q 2009 3Q 2010 2007 2008 2009 3Q 2009 3Q 2010 Profitability Margins 100% Total Assets, Liabilities & Equity 5,000 80% 4,000 60% 48
Slide 6: 2010 Quarter by Quarter Results
2010 Quarter by Quarter Results Quarter by Quarter 2010 Q1 % Q2 % Q3 % Net Sales Revenue 247 89% 146 82% 233 90% Rental and Other Revenues 31 11% 32 18% 27 10% Total Revenues 278 100% 177 100% 260 100% Cost of Sales 113 41% 77 44% 118 45% Building, Personnel & Other Direct Expenses 18 7% 21 12% 21 8
Slide 7: Outlook and Other Highlights
Outlook and Other Highlights Intiland is mobilizing to deliver on its next lap of growth • Corporate: Tying up a strategic JV for an existing project • Human Resource: Recruitment drive across projects (mainly architects, engineers and project support staff) – 70 this year (60 already joined) – 150
Slide 8: Development Plans & Updates
DEVELOPMENT PLANS & UPDATES Private & Confidential 8
Slide 9: Portfolio Overview
Portfolio Overview We have a diverse portfolio of assets primarily around Jakarta and Surabaya which will give us multiple streams of income OFFICE BUILDINGS TOWNSHIPS & MIXED USE OTHERS (INVESTMENTS) ESTATES & HIGH RISE Industrial Parks • Ngoro Industrial Park 1&2 Limited Service Hotel Chain • Inti
Slide 10: Location Map Jakarta
Location Map Jakarta Our projects in Jakarta are located strategically along major transportation infrastructure, and proposed future developments Paku Haji Proposed new seaport (Figures shown are the estimated masterplan areas. Marked areas are not to scale) Tanjong Priok Regatta, 11HA (Port) Soeka
Slide 11: Location Map Surabaya
Location Map Surabaya In Surabaya, our projects are centered around the West Surabaya area favored by wealthier buyers, and in the city centre (Figures shown are the estimated masterplan areas. Marked areas are not to scale) Graha Intiland Tower Residen Ext 1.0ha Graha Natura 8.0ha 100HA Bukit Darmo
Slide 12: Development Plans & Updates: Townships & Estates
DEVELOPMENT PLANS & UPDATES: TOWNSHIPS & ESTATES Private & Confidential 12
Slide 13: Township & Estates Pipeline
Township & Estates Pipeline We are ramping up sales of remaining land and house inventories in 2 mature projects and refocusing our resources into 3 new ones in 2010 and 2011 PLANNED KEY DEVELOPMENT AREAS & ESTIMATED TIMEFRAME (Development Schedule and Area, Sqm) Name Location Segment Total 2010 201
Slide 14: Key Projects (Township): Talaga Bestari
Key Projects (Township): Talaga Bestari Talaga Bestari Middle Income Educational Township • Left: The Hills cluster Relaunch (new masterplan):2010 main gate Expected Completion: 2020 •Below: Show unit and Own: 100% latest construction Development Plan Area: 330 ha progress Land Bank 146 ha Private &
Slide 15: Key Projects (Township): Graha Natura
Key Projects (Township): Graha Natura Graha Natura Middle-Upper Income Green Township Expected Start: 2010 Expected Completion: 2015 Own: 100% Development Plan Area: 86 ha Land Bank 58ha • Show Unit Under Construction • Road Paving and earthworks • Front row houses under development Private & Confid
Slide 16: Key Projects (Township): Tangerang
Key Projects (Township): Tangerang (Proposed New Seaport) Tangerang “Aerotropolis” Middle-Up Income Integrated Township Expected Launch: 2011 Expected Completion: 2021 Own: 100% Development Plan Area: 500 ha Land Bank (as-is) 232 ha + 118ha * Based on 350 ha pro-forma (Airport) Private & Confidentia
Slide 17: Development Plans & Updates: Mixed Use & High Rise Developments
DEVELOPMENT PLANS & UPDATES: MIXED USE & HIGH RISE DEVELOPMENTS Private & Confidential 17
Slide 18: Mixed-use & High-rise Pipeline
Mixed-use & High-rise Pipeline We will be launching several key development projects in 2011 that are likely to be significant contributors over the next few years (Development Schedule and Area, Sqm) Name Location Segment Total 2010 2011 2012 2013 2014 Est. Selling Price per Sqm % Own Mixed-Use Hig
Slide 19: Key Projects (High Rise): Gandaria
Key Projects (High Rise) : Gandaria 1Park Residences (Gandaria Phase 1) Middle-Upper Income Condo with Retail Started: 2010 Expected Completion: 2012 Own: 100% Development Area: 1.2 ha Remaining Land Bank: 8.2 ha Private & Confidential 19
Slide 20: Key Projects (Mixed-Use): T B Simatupang
Key Projects (Mixed-Use): T B Simatupang Artist impression (subject to change) TB Simatupang Phase 1A, 1B, 1C Office & Residential Towers with Retail Expected Start: 2011 Expected Completion: 2015 Own: 90% Development Area: 7.2 ha Land Bank 7.2 ha Private & Confidential 20
Slide 21: Key Projects (Mixed Use): Kebon Melati
Key Projects (Mixed Use): Kebon Melati Artist impression for 10 ha master plan (subject to change) Kebon Melati City Center Superblock Expected Started: 2nd half 2011 Expected Completion: 2016 Own: 55% Development Area: 10.0 ha Phase 1 and 2 Area: 3.2 ha Land Bank: 3.2 ha Private & Confidential 21
Slide 22: Key Projects (High Rise): Regatta
Key Projects (High Rise): Regatta Regatta Luxury Apartments & Hotel Started: 2006 Completion (Phase 1) 2008 Full Completion: 2016 Own: 50% Development Area: 11 ha Land Bank 9.2 ha Phase 1 (Completed) Winner of FIABCI Bali Congress Award 2010 Private & Confidential 22
Slide 23: High-Rise Project: WestOne City
High-Rise Project: WestOne City Artist impression for 20 ha master plan (subject to change) WestOne City High-rise township Started: 2012 Expected Completion: 2020 Own: 40% Development Area: 20 ha Land Bank 20 ha Private & Confidential 23
Slide 24: Infrastructure Works In Progress
Infrastructure Works In Progress Feature lake (foreground) Access bridge (background) Main access road completed Feature lake (foreground) Access bridge (background) Marketing office under construction Private & Confidential 24
Slide 25: Graha Famili Festival Walk, Surabaya
Graha Famili Festival Walk, Surabaya Artist impression (subject to change) GF Festival Walk (Surabaya) Expected Started: t.b.c Artist impression (subject to change) Expected Completion: t.b.c Development Area: 4.8 ha Land Bank: 4.8 ha Private & Confidential 25
Slide 26: Development Plans & Updates: Whiz Hotels
DEVELOPMENT PLANS & UPDATES: WHIZ HOTELS Private & Confidential 26
Slide 27: Whiz Hotel Potential Sites & Roll Out Plans
Whiz Hotel Potential Sites & Roll Out Plans Whiz Yogyakarta has turned operational, another 7 more hotels are on the way Target Own Rooms Progress Opening Dagen, Yogyakarta 100% 103 Operational Aug 2010 Semarang 100% 154 Construction Mid 2011 Kuta (Kartika-Plasa), Bali Mgmt 164 Design End 2011 Legia
Slide 28: Whiz Hotel
Whiz Hotel Whiz Semarang Expected Completion: Mid 2011 Own: 100% Land Area: 938 sqm Units: 154 Rooms Whiz Yogyakarta Opened on August 8th 2010 Own: 100% Land Area: 853 sqm Units: 103 Rooms Private & Confidential 28
Slide 29: Whiz Hotel
Whiz Hotel Whiz Surabaya Whiz Kuta Bali Whiz Legian Bali Expected Completion: Late 2011 Expected Completion: End 2011 Expected Completion: End 2011 Own: 100% Own: Mgmt only Own: Mgmt only Land Area: sqm Land Area: n.a. Land Area: n.a. Units: 147 Rooms Units: 164 Rooms Units: 160 Rooms Whiz Hayam Wur
Slide 30: Whiz Hotel Dagen, Yogyakarta Opening
Whiz Hotel Dagen, Yogyakarta Opening Private & Confidential 30
Slide 31: Development Plans & Updates: Ngoro Industrial Park 1 & 2
DEVELOPMENT PLANS & UPDATES: NGORO INDUSTRIAL PARK 1 & 2 Private & Confidential 31
Slide 32: Industrial Estate: Ngoro 1 & 2
Industrial Estate: Ngoro 1 & 2 (Phase 1) (Phase 2) Ngoro I (East Java) Industrial Estate Started: 1991 Expected Completion: 2011 Own: 50% Development Area: 220 ha Land Bank 34 ha Ngoro II (East Java) Started: 2010 Expected Completion: 2020+ Own: 100% Development Area: 224 ha Land Bank 224 ha Private
Slide 33: Industrial Estate: Ngoro 1 & 2
Industrial Estate: Ngoro 1 & 2 Above left and right: Road building underway in Ngoro 2 Above left and right: Cut & fill operations underway Private & Confidential 33
Slide 34: Conclusions
Conclusions We are reinvigorated and set to capitalize on a unique moment in Indonesia’s development history • Completely transformed • Return to profitability & strong growth • Optimistic on macro-trends in Indonesia • One of the largest land bank (including prime land bank) • Very strong project p
Slide 35: Thank You
Thank You Platinium Golf, Graha Famili, Surabaya Private & Confidential 35
Slide 36: Appendices
APPENDICES Private & Confidential 36
Slide 37: Our Company
OUR COMPANY Private & Confidential 37
Slide 38: Introduction
Introduction We are one of the most experienced premium developers in Indonesia with almost 30 years of heritage. • One of the Most Experienced Developers • Successful Brands and Differentiated Premium Products • Trusted to Deliver & Maintain Projects • Trend-Setters – Iconic designs (e.g. Intiland
Slide 39: Introduction (cont'd)
Introduction (cont’d) Our expanded land bank provides new and exciting pipeline of projects • Enlarged Land Bank up to 2,400 ha* – Existing 800 ha – Recently completed acquisition of 1,330 ha (funded) – In Process: 270 ha (of which 120ha is funded) • Strong Project Pipe-line with Diverse Revenue Str
Slide 40: Our Track Record
Our Track Record Intiland Tower Jakarta (1986) Graha Famili (Since 1992), Inset: examples of luxury housing in Graha Famili Intiland Tower Surabaya (1996) Pantai Mutiara (Since 1986), Inset: Regatta Private & Confidential 40
Slide 41: Proforma RNAV
Proforma RNAV* Following the completion of acquisitions, we will own USD 1.1 Bio* of real estate assets in our Portfolio Hospitality USD 20m Office Building Other Industrial 2% USD 105m Others USD 5m USD 55m 9% USD 57m 0% 5% 5% Surabaya New USD 363m Acquisitions 32% USD 391m 35% Mixed-Use & High- Ri
Slide 42: Pro-forma RNAV Details
Pro-forma RNAV Details* PROFORMA RNAV Based on Colliers' Valuation of Portfolio, adjusted for attributable ownership. Land Building Total RNAV Area GFA RNAV (Attributable) Office Buildings (Investments) Ha Sqm Rp Bio USD Mio Industrial Estate Ha Sqm Rp Bio USD Mio Intiland Tower Jakarta 0.86 45,856
Slide 43: Shareholding
SHAREHOLDING Private & Confidential 43
Slide 44: Historical Shareholding Structure
HISTORICAL SHAREHOLDING STRUCTURE 2007 Post-Restructuring Name No. of Shares* % Truss Investment Partners Pte Ltd 2,305,877,364 37.07% 70.23% Strands Investment Ltd 2,062,069,602 33.15% (New Shares from Debt-Equity Conversion) DBS Bank 370,000,000 5.95% Credit Suisse Int. Singapore 313,767,272 5.04%
Slide 45: Management Team
MANAGEMENT TEAM Private & Confidential 45
Slide 46: Board of Commissioners
Board of Commissioners Cosmas Batubara Hendro S. Gondoksumo President Commissioner & Vice President Commissioner Independent Commissioner Ping Handayani Jahja Asikin Gunawan Angkawibawa Thio Guan Po Micky Commissioner Commissioner Independent Commissioner Commissioner Private & Confidential 46
Slide 47: Board of Directors
Board of Directors Ricky Holil Walman Siahaan Sinarto Dharmawan Archied Noto Exec. Director Vice President Exec. Director Pradono CFO Director COO - Surabaya Exec. Director Utama Suhendro Prabowo Irene Rahardjo Gondokusumo Lennard Exec. Director Independent Exec. Director Ho Kian Guan COO - Jakarta
Slide 48: Contact Person: Theresia Rustandi, Corporate Secretary
Contact Person: Theresia Rustandi Corporate Secretary PT Intiland Development Tbk Tel : +62 21 5701912 (ext. 1825) Fax: +62 21 5700015 Theresia.rustandi@intiland.com Head Office: Intiland Tower, Penthouse Jl. Jend. Sudirman 32 Jakarta 10220 Indonesia Private & Confidential 48
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