PT Intiland Development Tbk · IDX:DILD
PT Intiland Development Tbk — Merrill Lynch Conference 2012
36 slides from PT Intiland Development Tbk's conference presentation, Mar 1, 2012
Slide 1: PT Intiland Development Tbk
PT Intiland Development Tbk Merrill Lynch Conference 1-2 March 2012
Slide 2: Introduction
Introduction We are one of the most experienced premium developers in Indonesia with almost 40 years of heritage „ One of the first listed property developers in Indonesia (1990) Our Diversified Products 1 Townships & Estates 4 Industrial 2 Mixed-Use & High-Rise 3 Hospitality Private & Confidential
Slide 3: Our Iconic, Trend-Setting Products
Our Iconic, Trend-Setting Products T O O Intiland Tower Surabaya F W (1997) F N I S C H E I P B & A luxury house U in Graha Famili E I S L T Graha Famili (Since 1992) first golf-themed D A luxury township in Surabaya I Intiland Tower Jakarta T N (1986), one of the first green buildings in E CONDOMIN
Slide 4: 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 estimated masterplan areas. Marked areas are not to scale) Tanjong Priok Regatta, 11Ha (Port) Soekarno
Slide 5: 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 estimated masterplan areas. Marked areas are not to scale) Sumatra 36 0.2Ha Graha Natura Praxis 80Ha 1.1Ha Bukit Darmo Citraland Pakuwon G
Slide 6: Ramp-Up Developments
Ramp-Up Developments We are ramping-up developments of core portfolios MATURE DEVELOPMENTS MATURE DEVELOPMENTS INDUSTRIAL MATURE DEVELOPMENTS HOSPITALITY • Ngoro Industrial Park 1 (50%) 215 Ha MATURE DEVELOPMENTS MIXED-USE & HIGH-RISE • Graha Residen TOWNSHIPS & ESTATES • 1Park Residences 1.2 Ha (Di
Slide 7: Good Performance of New & Ongoing Developments
Good Performance of New & Ongoing Developments New projects are well-accepted by market, evident from good sales and good selling prices. Ongoing projects are in demand and enjoy good selling price increments. - Well-performed new development : Aeropolis ~ More than 50% sold (of 1,155 guesthouse uni
Slide 8: 3Q 2011 Financial Highlights
3Q 2011 Financial Highlights We are expediting our project executions.. new projects are starting out, resulting in : • Revenue declined 11.6% to IDR 632.2B - a bunch of revenue awaited project completion • Gearing was still low at 22.2% debt-to-equity - loan was used to fund new project initiatives
Slide 9: Financial Performance Summary
Financial Performance Summary * Fully diluted EPS is based on a total of 10.3 billion outstanding shares post-rights, and 2.1 billion outstanding warrants (post rights issue and post stock split) Private & Confidential 9
Slide 10: Core Business Portfolios
CORE BUSINESS PORTFOLIOS
Slide 11: Townships & Estates: Graha Famili & Graha Natura
Townships & Estates: Graha Famili & Graha Natura Graha Famili (West Surabaya) Graha Natura (West Surabaya) Mature Project (280 Ha) New Project (80 Ha) The most expensive residential Middle-up segment in West Surabaya Capitalizing the success of Graha-Famili • Remaining inventories - 4 landed houses
Slide 12: Townships & Estates: ID Homes (Serenia Hills)
Townships & Estates: ID Homes (Serenia Hills) (South Jakarta) New expanding homebuilder business unit : successful launch of 2nd project Mature location : lower profit margin but faster execution and selling New Project (10 Ha) Infrastructure in progress. More than 50% sold for phase 1 at first laun
Slide 13: Townships & Estates: Talaga Bestari
Townships & Estates: Talaga Bestari (Balaraja, Tangerang) Commercial Cluster : Ongoing Project (265 Ha) Residential Cluster : Educational township. Marketing Office & Sports Club Facilities Shift from low to middle market segment “Harmony” Cluster (Increase project visibility from toll-road) • 214 u
Slide 14: Townships & Estates: Aeropolis
Townships & Estates: Aeropolis (Tangerang) Residential, Logistics / Commercial Parks to facilitate Airport needs Aeropolis (1A) (Tangerang) New Project (6 Ha) Phase 1A of Tangerang Project: Residential Area. • 1,155 guesthouse units • ASP : IDR 100M per unit, strata-title sale • More than 50% sold w
Slide 15: Mixed-Use & High-Rise: 1 Park Residences & Gandaria 2
Mixed-Use & High-Rise: 1 Park Residences & Gandaria 2 The project is selling faster than expected and construction progress is on schedule and on budget. We are now expediting the launch of Phase 2 1 Park Residences (South Jakarta) Gandaria 2 : High-Rise & Landed (Unnamed Project, South Jakarta) New
Slide 16: Mixed-Use & High-Rise: Others
Mixed-Use & High-Rise: Others South Quarter (TB Simatupang) (South Jakarta) Due to our plans for a strategic joint venture for this project, we are revising our plans for a major part of this project to be catered for the leased office market Our vision for this project is to develop a high quality
Slide 17: Mixed-Use & High-Rise: Graha Festival
Mixed-Use & High-Rise: Graha Festival (Graha Famili, West Surabaya) Spanning along 2km boulevard, Graha Festival will be the longest commercial belt in West Surabaya Located right in the center of the inner ring road of West Surabaya, Graha Festival has a very strategic location. With the city gover
Slide 18: Mixed-Use & High-Rise: Other Projects
Mixed-Use & High-Rise: Other Projects New developments within Graha Festival Spazio (75% owned) National Hospital (50% owned) (West Surabaya) (West Surabaya) New Project (0.8 Ha) New Project (2 Ha) A part of Graha Festival Mixed-use development as a part of Graha Festival Construction in progress, 3
Slide 19: Mixed-Use & High-Rise: Other Projects
Mixed-Use & High-Rise: Other Projects 2 new developments in downtown Surabaya Sumatra 36 (Central Surabaya) Praxis (old Brantas, Planned) (CBD Surabaya) New Project (0.2 Ha) High-end apartment tower, 2 minutes-drive from CBD area • 1.1 Ha site adjacent to Intiland Tower Surabaya • Plan for office, r
Slide 20: Mixed-Use & High-Rise: Others / Flagship Office Buildings
Mixed-Use & High-Rise: Others Regatta (50% owned) WestOne City (40% owned, Planned) (Pantai Mutiara, North Jakarta) (West Jakarta) Winner of the 2010 • 21 Ha site area, 16 Ha saleable Fiabci Award • Front entrance, roads, infrastructure, landscape & • Joint-Operation Project marketing office complet
Slide 21: Industrial Estates: Ngoro Industrial Park
Industrial Estates: Ngoro Industrial Park Very strong demand since 2011 – we are expediting land acquisition and new site searches in East Java. Selling price has almost doubled for the past one year. NIP 1 (50% Owned) - Almost entirely sold out NIP 2 (100% Owned) Phase 1 Phase 2 • 225 Ha acquired,
Slide 22: Hospitality: Whiz & Grand Whiz
Hospitality: Whiz & Grand Whiz Our own branding, limited service hotel chain is ramping up rapidly. 4 hotels in operation.. 10 Oct 2010, 100 rooms 21 Nov 2011, 148 rooms *15 Aug 2011, 126 rooms 18 Dec 2011, 134 rooms *Operation taken over by Whiz, now renovation in progress Private & Confidential 22
Slide 23: Hospitality: Whiz & Grand Whiz
Hospitality: Whiz & Grand Whiz Our own branding, limited service hotel chain is ramping up rapidly. 5 hotels opening in 2012.. Opening in 2012, 152 rooms Opening in 2012, 166 rooms Opening in 2012, 168 rooms Opening in 2012, 186 rooms Opening in 2012, 72 rooms Private & Confidential 23
Slide 24: Development Pipeline
DEVELOPMENT PIPELINE
Slide 25: Development Pipeline: Townships & Estates / Industrial
Development Pipeline : Townships & Estates Development Pipeline : Industrial Private & Confidential 25
Slide 26: Development Pipeline: Mixed-Use & High-Rise
Development Pipeline : Mixed-Use & High-Rise Private & Confidential 26
Slide 27: Development Pipeline: Mixed-Use & High-Rise (Recurring Income)
Development Pipeline : Mixed-Use & High-Rise (Recurring Income) Private & Confidential 27
Slide 28: Development Pipeline: Whiz & Grand Whiz
Development Pipeline : Whiz & Grand Whiz Private & Confidential 28
Slide 29: Appendices
APPENDICES
Slide 30: Key corporate milestones
Key corporate milestones Founding “Good Old Days” of Rapid Growth Restructuring Years Rejuvenation, New Direction 1997-98 Asian Financial Crisis 1997-2007 continued Jun 2007 Debt-Equity Swap 1970s Founder 1990 One of the ops as going concern converting Rp 1.1 Trillion 1983 Group was Hendro first pro
Slide 31: Transition
Transition We are closing our books of old developments and are now embarking on exciting new developments T R A N OLD PROJECTS S NEW PROJECTS I • Low Land Cost => Low COGS T • Higher Land Cost => Higher COGS => Higher Profit Margin I => Lower Profit Margin • Mature projects : O • New projects : - E
Slide 32: Board of Commissioners
Board of Commissioners Cosmas Batubara Dr. Cosmas graduated from the University of Indonesia in 1974 and obtained his PhD from the Faculty of Social and Political Sciences, University of Indonesia in 2002. He served previously as a Member of the Indonesian Parliament from 1967 to 1978. In 1978, he w
Slide 33: Board of Directors
Board of Directors Hendro S. Hendro is the founder of Intiland Development. He brings with him more than 37 years of invaluable experience in the property Gondokusumo development business. He was Vice President Commissioner of the Company from 2007 to 2011. Prior to that he was President Director of
Slide 34: Board of Directors (Cont'd)
Board of Directors (Cont’d) Utama Gondokusumo Utama graduated from Purdue University Indiana, USA, majoring in civil engineering. His experiences in the property business began when he joined McCarthy Construction and CCS Planning & Engineering in San Fransisco as its engineer. He served as a Direct
Slide 35: Disclaimer and Confidentiality
Disclaimer and Confidentiality We caution readers that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including devel
Slide 36: Contact Person: Marina Shi Corporate Finance AVP
Contact Person: Marina Shi Corporate Finance AVP PT Intiland Development Tbk Tel : +62 21 5701912 (ext. 1887) Fax: +62 21 5700015 marina.shi@intiland.com Theresia Rustandi Corporate Secretary PT Intiland Development Tbk Tel : +62 21 5701912 (ext. 1846) Fax: +62 21 5700015 theresia.rustandi@intiland.
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