Pt Pakuwon Jati Tbk · IDX:PWON
Pt Pakuwon Jati Tbk — Pakuwon Jati — Q1 2026 Earnings Presentation
36 slides from Pt Pakuwon Jati Tbk's earnings presentation, 2026
Slide 1: Pakuwon Jati Results Presentation – 1Q 2026
Confidential Pakuwon Jati Results Presentation – 1Q 2026
Slide 2: Disclaimer
Disclaimer By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your
Slide 3: Table of contents
Table of contents Section 1 Company Overview 3 Section 2 Growth & Strategy 7 Section 3 Financial & Operational Highlight 13 Section 4 Capital Management 25 Appendix Supporting asset details 29 2
Slide 4: Section 1 Company Overview
Section 1 Company Overview
Slide 5: What sets Pakuwon Jati apart?
What sets Pakuwon Jati apart? Market leader in Jakarta 859k sqm 1. Retail Leadership #1 + #3 Largest superblocks in South Retail Malls • Leading retail mall developer and owner in Indonesia Jakarta NLA Largest retail mall in South #1 + #3 Jakarta 2. Integrated Superblock 2,907 #3 Largest mall portfo
Slide 6: Expanding Presence Across Indonesia’s Key and Emerging Cities
Expanding Presence Across Indonesia’s Key and Emerging Cities Anchored by Jakarta and Surabaya, while expanding into high-growth markets including Central Java and Bali Jakarta Surabaya Central Java Bali Pakuwon Mall Solo Baru Grand Pakuwon Somerset Fourpoints Kuta Kota Kasablanka Tunjungan City Pak
Slide 7: Winning Business Strategy
Winning Business Strategy ✔ Continue to build strong recurring cashflows as leverage for further expansion ✔ Enhance development pre-sales to complement recurring income 1 Well diversified income ✔ Continue to construct, own, and manage high quality, complementary retail, office and hotel properties
Slide 8: Section 2 Growth & Strategy
Section 2 Growth & Strategy
Slide 9: Asset Growth
Asset Growth Strong organic expansion pipeline driving long-term income growth Retail Leasing NLA Growth (sqm) Hotel Room Growth (rooms) 9% 1% 2% 10% 15% 18% 20% 7% 19% 9% 1,155 K 5,128 859 K +34% 2,907 +76% Current Kota Semarang Batam Gandaria IKN Plan 2035 Current PM Kota Semarang Batam IKN Plan 2
Slide 10: Development in Progress
Development in Progress Pakuwon Mall (Phase 5) Kota Kasablanka Extension (Phase 4) Type: Mixed use Type: Mixed use Land size: 3.1 ha Land size: 2.2 ha Project value: IDR 4.4T Project value: IDR 2T Retail: 59K sqm NLA Hotel: 4*, 266 rooms Hotel: 5*, 554 rooms Residential: 3 towers-142K sqm GFA Reside
Slide 11: Future Pipeline Development
Future Pipeline Development Superblock Pakuwon Batam (Phase 1) Gandaria City Extension (Phase 2) IKN (Phase 1) Type: Mixed use Type: Mixed use Total Land size: 12.4 ha Land size: 1.1 ha Land size phase 1: 7.3 ha Project value: IDR 2.5T Project value: IDR 3.8T Retail: 12K sqm NLA Retail: 78K sqm NLA
Slide 12: Geographically Diversified Portfolio
Geographically Diversified Portfolio 11
Slide 13: Strategic Land Bank Supporting Long-Term Growth
Strategic Land Bank Supporting Long-Term Growth Disciplined land banking strategy providing over 10 years of development visibility Land bank summary Land bank breakdown by location Land Bank Central Java Location Project Area (Ha) IKN 4% Jakarta Batam 4% 1% Kota Kasablanka 3.8 2% South Jakarta Gand
Slide 14: Financial & Operational Highlights
Section 3 Financial & Operational Highlights
Slide 15: Financial Highlight - 1Q 2026
Financial Highlight - 1Q 2026 Recurring income driving earnings growth Revenue EBITDA IDR 1.646T IDR 916Bn ▲6% ▲10% 1Q 25 IDR 1.555T 1Q 25 IDR 834Bn ➢ Revenue analysis: Revenue increased 6% YoY, driven by the expanding recurring income base, supported by contributions from Pakuwon Mall Bekasi, posit
Slide 16: Revenue Mix by Segment
Revenue Mix by Segment 1Q 2025 1Q 2026 YOY IDR 1.555T IDR 1.646T 6% Landed houses Condo sales 5% In Bn In Bn 8% 1,432 1,030 1,322 Office leasing 947 4% Hotel & Serviced 85% 87% Apartments 340 21% 305 Retail leasing 133 234 214 62% 129 105 81 70 62 15% 13% 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q
Slide 17: Revenue Mix by Project and Geography
Revenue Mix by Project and Geography Revenue by project Revenue by geography Central Java Bekasi Bali Kota 10% 8% Bali 1% Kasablanka 16% 1% Bekasi 10% Central Java 8% Jakarta Royal Plaza 32% 2% Gandaria City Grand Pakuwon 14% 1% Pakuwon City 10% Blok M Plaza 3% Somerset Tunjungan City 1% Surabaya 17
Slide 18: EBITDA Mix by Segment
EBITDA Mix by Segment 1Q 2025 1Q 2026 YOY IDR 834Bn IDR 917Bn 10% In Bn In Bn 677 829 731 590 88% 90% 107 108 103 45 56 47 47 87 34 40 12% 10% 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 Retail Leasing Hospitality Office leasing Condo sales Landed house Recurr
Slide 19: Resilient Retail Portfolio Supporting Recurring Income
Resilient Retail Portfolio Supporting Recurring Income High occupancy and well-staggered lease expiry profile support earnings stability Historical Occupancy Lease Expiry Profile (NLA breakdown) O c c upanc y 2022 2023 2024 2025 1Q 2026 As % of total 4% 10% 19% 16% 10% 41% Kota Kasablanka Mall (116k
Slide 20: Tenant Mix Evolution Driving Sustainable Footfall and Long-Term Growth
Tenant Mix Evolution Driving Sustainable Footfall and Long-Term Growth Evolving tenant mix aligned with experience-led demand 1Q2025 1Q2026 Electronics Others 1 2% 1% Fashion Health and Electronics Others 1 retail Health and beauty 2% 1% 22% Healthy demand Occupied area reached 828K sqm beauty 3% 3%
Slide 21: Office Portfolio Highlights
Office Portfolio Highlights High-quality office assets within integrated superblocks Occupancy 2022 2023 2024 2025 1Q 2026 1Q 2025 Kota Kasablanka Office 88 (57k sqm) 91% 93% 93% 91% 92% 92% Office Tenant Mix Prudential Center (32k sqm) 73% 79% 86% 93% 93% 91% Jakarta Energy, Others Commodities, & 5
Slide 22: Diversified Hospitality Portfolio
Diversified Hospitality Portfolio RevPAR growth and resilient operations continued despite ramp-up from newly opened hotels Room Occupancy Revenue per Available Room (RevPAR) 67% (Rp K) 64%* 934 959 58% 58% 52% 776 777 * 49% 714 651 51% 546 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26 1Q 25 1Q 26
Slide 23: Residential Pre-sales Performance
Residential Pre-sales Performance 1Q2026 pre-sales remained supported by government incentives and new condo launches (Rp bn) 1,554 Landed 1,500 1,342 High-rise 1,301 741 836 878 811 331 316 759 718 464 491 179 219 69% 151 98 31% 2022 2023 2024 2025 1Q 2025 1Q 2026 (Rp bn) Vat Incentives /Total 47%
Slide 24: Residential Township Portfolio
Residential Township Portfolio Pakuwon City Grand Pakuwon Location: East Surabaya Location: West Surabaya Developed: 1994 Launch: 2013 Landbank: 260.7 ha Landbank: 158.9 ha Market Segment: Middle to middle-high Market Segment: Middle to middle-high House Price Range: Rp2bn to Rp11bn House Price Rang
Slide 25: Resilient Presales Mix Across Payment Methods and Price Segments
Resilient Presales Mix Across Payment Methods and Price Segments P RE S ALE S P E R PAYME NT ME THO D P RE S ALE S P E R UNI T P RI CE Cash Mortgage Installment <IDR 1 bn/unit IDR 1-2 bn/unit IDR 2-5 bn/unit >IDR 5 bn/unit 5% 11% 17% 14% 26% 27% 27% 28% 35% 50% 56% 70% 35% 49% 62% 54% 56% 53% 23% 23
Slide 26: Section 4 Capital Management
Section 4 Capital management
Slide 27: Strong Growth & Delivering Consistent Profitability
Strong Growth & Delivering Consistent Profitability Sustained recurring revenue expansion supported by resilient margins and disciplined execution Revenue (Rp bn) Gross Profit (Rp bn) 8,000 57.2% 5,000 58.0% 56.5% 1,494 4,000 55.5% 6,000 1,480 53.8% 54.8% 1,531 55.2% 56.0% 2,118 3,000 4,000 2,000 5,
Slide 28: Prudent Capital Management
Prudent Capital Management Healthy debt profile with average debt maturity of 2.1 years and average cost of debt 5.49% p.a. (Rp Bn) (Rp Bn) 0% 0% 100% 6,000 5,000 4,000 3,000 5,666 2,000 1,000 0 2026 2027 2028 Senior Unsecured Notes 2028 of US$ 333.4m (fully hedged) US$ 80.4m Lower-upper Strike : Rp
Slide 29: Strategic CAPEX Pipeline
Strategic CAPEX Pipeline Focused on expansion, greenfield projects, and selective acquisitions (Rp Bn) (Rp Bn) CAPEX 1Q 25-1Q 26 CAPEX 2025-2030 3,876 3,938 4,000 526 520 3,500 3,315 3,000 520 979 2,565 237 1,341 2,500 2,242 764 3 526 2,000 930 99 164 1,111 721 705 843 1,500 1,214 24 112 1,000 535 6
Slide 30: Appendix Supporting Asset Details
Appendix Supporting Asset Details
Slide 31: Portfolio Overview – Jakarta
Portfolio Overview – Jakarta Kota Kasablanka Gandaria City Pakuwon Mall Bekasi Somerset Berlian Blok M Plaza Description Superblock Superblock Superblock Serviced apartment Retail mall ∙ 12.9ha located right next to Jakarta’s ∙ 3rd largest superblock in South Jakarta ∙ 3.6 ha located at West Bekasi
Slide 32: Portfolio Overview – Surabaya
Portfolio Overview – Surabaya Tunjungan City Pakuwon Mall Grand Pakuwon Pakuwon City Royal Plaza Description Superblock Superblock Township Superblock & Township Retail mall ∙ 8.8ha located in prime central precinct ∙ 16.9ha located in affluent neighborhood ∙ Self contained city in West Surabaya ∙ S
Slide 33: Portfolio Overview – Central Java
Portfolio Overview – Central Java Pakuwon Mall Jogja Yogyakarta Marriott Hotel Pakuwon Mall Solo Baru Semarang Retail Mall Hotel Retail Mall Superblock Description • Middle-upper retail market in ∙ Marriott hotel in Yogyakarta ∙ Mid-market retail mall in Solo ∙ 22.7ha located in upper Semarang, in Y
Slide 34: Portfolio Overview – Bali
Portfolio Overview – Bali Four Points by Sheraton Bali, Kuta Asset pictures Four Points by Sheraton Bali, Kuta Description • Located in the heart of the Legian-Kuta region • Only seven kilometers from Bali Ngurah Rai International Airport. Residential Office (for sale) Retail Office (for lease) Hosp
Slide 35: Portfolio Overview – Other Cities
Portfolio Overview – Other Cities Batam IKN Artist Rendering - IKN Superblock Superblock Description • 12.4ha in the city center of • 7.2ha in front of the civic plaza Batam, 5 minutes from Nagoya and next to the palace Hills Residential • 3 towers GSA: 126K sqm Office (for sale) Retail • NLA : 78K
Slide 36: Thank You!
Thank You! Investor Relations Jakarta Office: Email : investorrelations@pakuwon.com Surabaya Office: Gandaria 8 Office Tower 32nd Floor Website : www.pakuwonjati.com Pakuwon City Mall, 5th Floor Jl. Sultan Iskandar Muda 5 No. 8 Jl. Kejawan Putih Mutiara No. 17 Jakarta Selatan 12240, Indonesia Pakuwo