Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — 9M2023 Earnings Presentation
72 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, 2023
Slide 1: Review Nine Months 2023
PT Surya Semesta Internusa Tbk (“SSIA”) Review Nine Months 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: PT Surya Semesta Internusa Tbk milestones
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 8.1% PT Arman Investments Utama are in construction, property and hospitality sectors PT Persada Capital Investama Intrepid Investments Limited
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 1.7tn / US$ 115mn 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 Thirteen 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 *2023F-2024F using Oct 2023 World Bank Outlook *2023F-2024F using Oct 2023 IMF Outlook *2023F-2024F using Oct 2023 IMF Outlook Advanced EMDE A
Slide 13: Overall Macro Trends
Overall Macro Trends Rising in Commodity Risk in Rise of Interest Debt Stress and Reform Greater Geo-economic Prices Rate Fragmentation o Geo-economic fragmentation has o Commodity price shocks can be o Central banks around the world o Many countries in the world are led to a sharp increase in one o
Slide 14: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (9M22) Revenue Across Business Segments (9M23) IDR 2,469bn IDR 3,020bn Property 15% Property 13% Construction 70% Construction 65% Hospitality 15% Hospitality 22% Property 0.0% 20.0% 40.0% 60.0% 80.0% 0.0% 20.0% 40.0% 60.0% 80.0% Cons
Slide 15: 9M23 Financial Highlights
9M23 Financial Highlights Consolidated Revenue Gross Profit (9M22 vs 9M23, IDR Billions) (9M22 vs 9M23, IDR Billions) 3,020 772 2,469 553 9M22 9M23 9M22 9M23 EBITDA Net Income (9M22 vs 9M23, IDR Billions) (9M22 vs 9M23, IDR Billions) 9M22 9M23 340 71 224 -24 9M22 9M23 building a better indonesia 14
Slide 16: 9M23 Financial Highlights
9M23 Financial Highlights Property Segment Revenue (9M22 vs 9M23, IDR Billions) 366 414 9M22 9M23 Construction Segment Revenue Hospitality Segment Revenue (9M22 vs 9M23, IDR Billions) (9M22 vs 9M23, IDR Billions) 1,994 666 1,765 377 9M22 9M23 9M22 9M23 building a better indonesia 15
Slide 17: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2017-9M23, IDR Billions) 3,682 4,006 3,615 3,274 811 2,947 803 595 3,020 2,353 697 220 2,469 666 191 377 2,611 2,456 2,454 2,082 2,164 1,994 1,665 1,765 414 442 588 652 520 623 366 414 2017 2018 2019 2020 2021 2022 9M22 9M23 Property Construc
Slide 18: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 80% 62.4% 65.0% 52.0% 59.3% 49.8% 60% 50% 47.4% 41.6% 40% 34.1% 41.8% 20% 40% 38.6% 0% 2020 2021 2022 9M22 9M23 30% Construction Gross Margins(1) % 15% 20% 10.9% 11.3% 11.1% 10.8% 10.4% 10% 10% 5% 0% 0% 2020 2021 2022 9
Slide 19: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2017 2018 2019 2020 2021 2022 9M22 9M23 Revenue 3,274 3,682 4,006 2,947 2,353 3,615 2,469 3,020 Revenue Growth -14% 12% 9% -26% -20% 54% 77% 22% Gross Profit 864 981 1,091 635 517 918 553 772 Gross Profit Margin 26% 27% 27% 22% 22% 25
Slide 20: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 9M22 9M23 Property 414 442 588 652 520 623 366 414 Segment 13% 12% 15% 22% 22% 17% 15% 13% percentage Construction 2,164 2,454 2,611 2,082 1,665 2,456 1,765 1,994 Segment 66% 66% 65% 71% 70%
Slide 21: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 9M22 9M23 Property 139 175 244 281 202 221 98 84 Segment 31% 32% 42% 94% 90% 43% 35% 21% percentage Construction 157 184 163 130 100 171 126 130 Segment 35% 34% 28% 44% 45% 33% 45% 32% percen
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 9M22 9M23 Property 80 127 159 104 9 35 -48 -28 Segment 48% 49% 58% -341% -8% 51% 134% -25% percentage Construction 153 123 105 59 55 75 66 78 Segment 92% 48% 39% -194% -47% 109% -184% 70%
Slide 23: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 9M23 Current Assets 3,459 4,058 3,004 3,008 3,325 2,832 Cash & ST Investments 1,527 851 782 1,136 681 1,372 Account Receivables 1,515 1,419 1,405 1,542 1,478 1,239 Inventories 463 422 490 553 376 388 Other-Cur
Slide 24: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2018 2019 2020 2021 2022 9M23 Bank/Third parties Loan IDR denominated in IDR Billions 1,507 1,194 1,305 1,245 1,514 1,426 (1) (1) (1) (1) (1) US$ denominated in IDR Billions - 662 676 1,059 1,034 905 Total Debt in IDR Billions 1,507 1,856
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) 84 86 480 38.5 76 430 62 380 66 62 57 54 30.6 28.8 330 56 28.7 25.8 280 46 274 213 191 230 36 180 209 140 25 26 133 45.6 12.0 130 16 31.1 33.4 28.2 28.7 80 6 30
Slide 28: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q3 2023 Research building a better indonesia 27
Slide 29: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q3 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: PT Suryacipta Swadaya: 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: PT Suryacipta Swadaya: 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 1,777 1,478 602 2017 2018 2019 2020 2021 2022 9M23 Property Business Segment Revenue (2017-9M23, IDR Billions) 652 588 623 59 520 442 71 126 414 414 91 366 55 71 73 139 593 517 497
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 AUTOM OTI VE BUILDING SUPPLIES To
Slide 35: High Quality Projects in Suryacipta City of Industry
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 9M22 9M23 2.1 8.3 17.8 5.6 10.1 10.0 8.9 2.5 Suryacipta Karawang (ha) - - - - - 2.0 0.0 2.0 Subang Smartpolitan (ha) 1 - - 86.2 3.2 3.7 4.2 3.3 0.9 Others* (ha) TOTAL Sales Value 42
Slide 37: Industrial Estate Review: Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2017 2018 2019 2020 2021 2022 9M22 9M23 11.5 8.7 17.1 6.2 8.8 10.2 5.3 0.7 Suryacipta Karawang (ha) 2.0 Subang Smartpolitan (ha) 1 2.3 84.0 4.2 5.2 5.2 2.6 Others* (ha) TOTAL Sales Value 176 154 297 357 166 207
Slide 38: Edenhaus Simatupang (By TCP Internusa)
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses (~Rp300 billion) Edenhaus Marketing Sales ✓ 39 units (Rp283 billion) sold per 9M23 (unit) 35 units (Rp250.7 bn) booked as Revenue 10 9 6 14 FY20 FY21 FY22 9M23 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% 82% 83% 139 80% 81% 140 80% 76% 126 70% 120 60% 100 50% 80 74 40% 65 60 30% 44 40 20% 10% 20 0% 0 2020 2021 2022 9M22 9M23 2020 2021 2022 9M22 9M23 building a
Slide 40: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue (in IDR 2017 2018 2019 2020 2021 2022 9M22 9M23 Billions) Industrial Estate (SCS) 176 154 297 357 166 207 80 56 Land Sales Industrial Estate (SCS) 183 217 220 236 263 290 214 219 Non-Land Rental Property 55 71 71 59 92 126 73 139 (TCP & Others) TO
Slide 41: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 9M22 9M23 Revenue 414 442 588 652 520 623 366 414 Revenue Growth -37% 7% 33% 11% -20% 20% 34% 13% Gross Profit 202 225 307 339 259 295 153 160 Gross Margin 49% 51% 52% 52% 50% 47% 42% 39% EBITDA 139 175
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 == SMARTPOLITATS BY SURYACIPT Agia = wy) ye C Q 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 : Q3 2024 Leverages technology and Toll Road to Patimban IOT to promote efficiency and - Development : Q4 2023 security. -
Slide 46: Subang Smartpolitan: Accessibility
Subang Smartpolitan Accessibility Pringkasap Station Patimban Seaport + 40 km (direct access via Patimban Toll Road) Toll Gate (2024) ▪ Direct Toll Access Jakarta - Surabaya Railroad (existing) Direct toll access via KM89 Intersection (2024) Cikopo-Palimanan (Cipali) Toll Road Cipali - Patimban Toll
Slide 47: 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 48: 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 49: Vision Statement translated to township components
Vision Statement is translated to the components of the township To be the pioneer of smart, green, 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 integrate
Slide 50: 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 Business Connectivity Education and Innovation Community Strategic Location & Industrial Area Education C
Slide 51: Subang Smartpolitan: 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 52: Patimban Seaport Development Masterplan
Subang Smartpolitan Patimban Seaport Development Masterplan Phase I-1 • Container Terminal: Phase II 250,000 TEUs • Container Terminal: • Car Terminal : 5,000,000 TEUs 218,000 CBU • Car Terminal: • Draft: 10m 600,000 CBU 2023-2025 2028-2032 2018-2021 2025-2027 Phase I-2 Phase III • Container Termina
Slide 53: Construction
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 52
Slide 54: 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 55: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2019-9M23, Revenue, IDR Trillions) (9M22-9M23, Revenue, IDR Trillions) 5.0 2.1 2.10 2.00 1.80 1.70 4.0 2.0 1.60 3.0 1.6 0.90 0.80 0.90 2.0 0.60 0.9 1.0 0.30 0.3 0.0 2019 2020 2021 2022 9M23 9M22 9M23 Nusa Raya Cipta J
Slide 56: Construction: PT Nusa Raya Cipta Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects New Contract Classification (in IDR billions) (in IDR Billions) 2020 2021 2022 9M22 9M23 1,095 2,679 2,352 1,995 2,296 8% 6% 7% 0% 16% 6% 0% Contract on hand - 12% 21% 3,478 2,321 3,202 3,202 3,129 16% 18% beginning 12% 39% 34%
Slide 57: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 9M22 9M23 Revenue 2,457 2,618 2,086 1,670 2,462 1,769 2,001 Revenue Growth 14% 7% -20% -20% 47% 73% 13% Gross Profit 251 274 229 190 266 196 209 Gross Margin 10% 10% 11% 11% 11% 11% 10% Income from JO 27 -1 -
Slide 58: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 9M23 Assets Cash & Cash Equivalents 736 689 578 496 647 447 Account Receivable 1,198 1,468 1,381 1,400 1,552 1,539 Project Advance 38 34 22 33 33 47 Others 283 272 241 214 223 245 Total Assets 2,255 2,463 2,22
Slide 59: 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 58
Slide 60: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 59
Slide 61: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q3 2023 Research & STR Global building a better indonesia 60
Slide 62: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q3 2023 Research & STR Global building a better indonesia 61
Slide 63: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2017-9M23, IDR Billions) (2019-9M23, %) 90% 82.7% 80% 70% 803 811 63.7% 60% 101 50% 51.6% 697 97 40% 666 30% 80 595 20% 18.0% 144 144 87 10% 0% 102 39 2019 2020 2021 2022 9M22 9M23 151 Gran Melia Melia Bali Jumana Bali BATIQA (currently Umana Bali) 38 377
Slide 64: Hospitality Business: ARR and RevPAR
Hospitality Business ARR (Rp) 2018 2019 2020 2021 2022 9M22 9M23 GMJ 1,348 1,251 1,042 803 1,041 1,025 1,145 MBH 1,626 1,671 1,468 671 1,696 1,493 2,034 JBUR 6,680 6,223 5,714 4,672 6,572 6,214 7,988 BATIQA 333 314 303 322 344 337 362 Room RevPAR (thousand Rp) GMJ 681 561 160 237 483 439 591 MBH 1,2
Slide 65: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 9M22 9M23 Revenue 697 803 811 220 191 595 377 666 Revenue Growth 3% 15% 1% -73% -13% 211% 249% 77% Gross Profit 442 519 515 75 80 371 224 433 Gross Margin 63% 65% 64% 34% 42% 62% 59% 65% EBITDA 148 186 17
Slide 66: Travelio's 9M-23 Achievements & Targets
Travelio’s 9M-23 Achievements & Targets Company GMV Net Live Units Growth within the Next 3 Months (In IDR Mio) 692,314 9M-23 FY-23 +72% 13,913 +32% 403,736 17,000 Apartments Apartments 3,541 Houses 5,900 Houses 9M-23 (Actual) FY-23 (Budget) 9M-23 Highlights: 31,067 1,887,327 +25% YoY +3,019 Mid-Lon
Slide 67: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia 66
Slide 68: 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 67
Slide 69: Photos of UMANA BALI
Photos of UMANA BALI (Formerly Jumana Bali) Resorts Aerial (Day) Tropical Garden Pool Villa Panoramic Ocean Pool Villa Commune (Outdoor - Day) Pad (Indoor - Night) Main Pool (Day) building a better indonesia 68
Slide 70: 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 69
Slide 71: 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 72: building a better indonesia
building a better indonesia 71
PT Surya Semesta Internusa — 9M2023 Earnings Presentation on 6ix