PT Surya Semesta Internusa Tbk · IDX:SSIA
PT Surya Semesta Internusa Tbk — FY2024 Earnings Presentation
89 slides from PT Surya Semesta Internusa Tbk's earnings presentation, Apr 14, 2025
Slide 1: PT Surya Semesta Internusa Tbk – Review Full Year 2024
PT Surya Semesta Internusa Tbk (“SSIA”) Review Full Year 2024
Slide 2: Table of Content
Table of Content 1 Surya Semesta Internusa in Summary 2 FY24 of Business Segments PROPERTY • Development & management of industrial SSIA In Summary estates, real estate, buildings and commercial centers Significant Events • SUBANG SMARTPOLITAN CONSTRUCTION SSIA’s Sustainability • General contractor
Slide 3: Surya Semesta Internusa In Summary
Surya Semesta Internusa In Summary CONFIDENTIAL FINAL
Slide 4: Corporate Structure and Key Projects
Corporate Structure and Key Projects Subsidiary PT Surya Semesta Internusa Tbk Listed entities on IDX Market cap: IDR 6.2tn / US$ 385mn Listed entities on IDX & Subsidiary 63.5% 100% 66% 100% 86.8% 100% PT Suryacipta PT TCP Internusa PT Nusa Raya Cipta Tbk • PT Sitiagung Makmur PT Suryalaya PT Surya
Slide 5: Board of Commissioners and Directors
SSIA Management - Strong Operating Record Board of Commissioners Hagianto Kumala Crescento Hermawan Steen Dahl Poulsen F. Bedjo Wiantono Irawan Chandra President Commissioner Vice President Commissioner Commissioner Commissioner Independent Commissioner > 45 Years Experience > 25 Years Experience >
Slide 6: Surya Semesta Internusa in Summary Company Highlights
Surya Semesta Internusa in Summary Company Highlights 8,7% 8,4% » Established and commenced operations in 1971, SSIA’s PT Arman Investments Utama primary businesses are in construction, property and Intrepid Investments Limited 8,0% hospitality sectors PT Persada Capital Investama 0,6% SSIA BOD » On
Slide 7: Milestone
Milestone Conducted • Issued IDR 700 billion IPO of • Acquired location Joint venture with Divestment Groundbreaking Divestment of BYD as the first stock split bond Nusa Raya permit of 2,000 ha in Mitsui & Co and Cikopo Subang SLP & SIT (3) largest tenant of on a ratio • Distribute first Cipta Suban
Slide 8: Geographical Presence Across Indonesia
Geographical Presence Across Indonesia Medan Pekanbaru Regional office for Nusa Raya Presence in Thirteen BATIQA Hotel (Business Hotel, 3- Cipta (“NRCA”) star, 133 rooms) - Grand opening on Indonesian Cities 26 Aug 2016 Palembang BATIQA Hotel (Business Hotel, 3-star, 158 rooms) - Grand opening on 18
Slide 9: Strategic Roadmap
Strategic Roadmap Vision To be the most reliable, trusted and respected Indonesia property, construction and hospitality group of companies Continued focus on the construction and development 1 of Indonesian properties Prudent land banking strategy to deliver sustainable 2 and superior profit margin
Slide 10: Significant Events 2024 – YTD 2025
Significant Events 2024 – YTD 2025
Slide 11: BYD Land Purchase Signing Ceremony
BYD Land Purchase Signing Ceremony Jakarta, 30 April 2024 Subang Smartpolitan Welcomes BYD, First Largest Tenant of Electric Vehicle Manufacturing. BYD became the first largest tenant in the area by occupying an area of over 108 hectares. building a better indonesia CONFIDENTIAL DRAFT (change this d
Slide 12: EGMS Agreed to Transfer 36.5% of Suryacipta Swadaya Shares
SSIA's EGMS Agreed to Transfer 36.5% of Suryacipta Swadaya Shares SSIA received payment of Rp 3.1 trillion for the transaction Jakarta, 23 June 2024 The Extraordinary General Meeting of Shareholders (EGMS) of PT Surya Semesta Internusa Tbk (SSIA) has approved to sell part of the company's shares in
Slide 13: SSIA & SCS Corporate Action with PT Puri Bumi Lestari
SSIA & SCS Corporate Action with PT Puri Bumi Lestari (PBL) Before Joint Venture After Joint Venture SSIA TCP SSIA PBL (99.99%) (0.01%) (63.5%) (36.5%) SCS SCS Nominal Value Nominal Value % # of Shares % # of Shares (Billion Rp) (Billion Rp ) SSIA 99.99 1,827,737,601 1,828 SSIA 63.5 1,771,928,821 1,
Slide 14: SSIA & SCS Corporate Action with PBL
SSIA & SCS Corporate Action with PBL Nominal Value Valuation % # of Shares (Billion Rp ) (Billion Rp) SSIA 63.5 1,771,928,821 1,772 5,392 PBL* 36.5 1,018,510,267 1,018 3X 3,099 Total 2,790,439,088 2,790 8,491 * 55.8mn shares (2%) purchased from SSIA, 962.7mn new shares (34.5%) in SCS * Rp 170bn in S
Slide 15: Umana Bali, LXR Hotels & Resorts Grand Opening
Umana Bali, LXR Hotels & Resorts Celebrated Its Grand Opening 15 to 17 November 2024 President Director of PT Surya Semesta Internusa Tbk, Johannes Suriadjaja stated, "We are pleased to work with Hilton to introduce the first LXR property in Southeast Asia in Bali, a destination loved by domestic an
Slide 16: PT PLN & Subang Smartpolitan Shareholders Agreement Signing
PT PLN & Subang Smartpolitan – Shareholders Agreement Signing building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 16
Slide 17: Signing of LUDA Extension at The Nusa Dua
Signing of LUDA Extension: A Long-Term Commitment to Lot N1 at The Nusa Dua PT Suryalaya Anindita International, the owner and manager of Meliá Bali Hotel and a subsidiary of SSIA engaged in hospitality together with PT Pembangunan Pariwisata Indonesia or ITDC officially extended the Land Utilizatio
Slide 18: SSIA's Sustainability
BUILDING A BETTER INDONESIA SSIA's Sustainability
Slide 19: 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: Sustainability is an integrated part of SSIA’s business. ESG Pillars SSIA ESG Material Issues Aligned with its vision and mission, SSIA’s ESG practices ar
Slide 20: Review FY24
wer ; S 4@ suryainternusa Visa) BUILDING A BETTER INDONESIA Review FY24
Slide 21: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (FY23) IDR 4,538bn Revenue Across Business Segments (FY24) IDR 6,252bn Property 18% Property 35% Construction 62% Construction 51% Hospitality 20% Hospitality 14% 0,0% 20,0% 40,0% 60,0% 80,0% 0,0% 20,0% 40,0% 60,0% EBITDA Across Busin
Slide 22: FY24 Financial Highlights
FY24 Financial Highlights Consolidated Revenue Gross Profit (FY23 vs FY24, in billion IDR) (FY23 vs FY24, in billion IDR) 6,252 Growth 1,759 Growth 4,538 38% 1,327 33% FY23 FY24 FY23 FY24 EBITDA Net Income (FY23 vs FY24, in billion IDR) (FY23 vs FY24, in billion IDR) 1,052 Growth 234 Growth 726 45%
Slide 23: FY24 Financial Highlights by Segment
FY24 Financial Highlights Note : Revenue each business segment includes intercompany eliminations Property Segment Revenue (FY23 vs FY24, in billion IDR) 2,263 Growth 165% 854 FY23 FY24 Construction Segment Revenue Hospitality Segment Revenue (FY23 vs FY24, in billion IDR) (FY23 vs FY24, in billion
Slide 24: Established Track Record as a Group
Established Track Record as a Group 6,252 Consolidated Revenue CAGR of 9.3% 17 (2019-2024, in billion IDR, 943 Include intercompany eliminations) 4,538 11 4,006 3,615 11 905 2,947 9 3.363 811 2,353 595 220 13 13 191 2.886 2.611 2.456 2.082 1.665 2.263 588 652 520 623 854 2019 2020 2021 2022 2023 202
Slide 25: Attractive Gross Margins
Attractive Gross Margins 100% Hotel Gross Margins % Property Gross Margins % 80% 62,4% 64,4% 65,3% 60% 60% 41,6% 54,8% 40% 34,1% 52,0% 49,8% 50% 47,4% 20% 0% 40% 2020 2021 2022 2023 2024 35,3% 30% Construction Gross Margins(1) % 15% 20% 11,0% 11,4% 10,8% 11,0% 11,4% 10% 10% 5% 0% 2020 2021 2022 2023
Slide 26: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss In billion IDR 2018 2019 2020 2021 2022 2023 2024 Revenue 3,682 4,006 2,947 2,353 3,615 4,538 6,252 Revenue Growth 12% 9% -26% -20% 54% 26% 38% Gross Profit 981 1,091 635 517 918 1,327 1,759 Gross Profit Margin 27% 27% 22% 22% 25% 29% 28% EBITDA 455 53
Slide 27: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment In billion IDR 2018 2019 2020 2021 2022 2023 2024 Property 442 588 652 520 623 854 2,263 Segment percentage 12% 15% 22% 22% 17% 18% 35% Construction 2,454 2,611 2,082 1,665 2,456 2,886 3,363 Segment percentage 66% 65% 71% 70% 67% 62% 51%
Slide 28: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment In billion IDR 2018 2019 2020 2021 2022 2023 2024 Property 175 244 281 202 221 369 651 Segment percentage 32% 42% 94% 90% 43% 45% 57% Construction 184 163 130 100 171 205 259 Segment percentage 34% 28% 44% 45% 33% 25% 23% Hospitality 186 1
Slide 29: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment In billion IDR 2018 2019 2020 2021 2022 2023 2024 Property 127 159 104 9 35 206 524 Segment percentage 49% 58% -341% -8% 51% 55% 81% Construction 123 105 59 55 75 100 82 Segment percentage 48% 39% -194% -47% 109% 26% 13% Hospitality 8
Slide 30: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet In billion IDR 2019 2020 2021 2022 2023 2024 Current Assets 4,058 3,004 3,008 3,325 3,235 4,682 Cash & ST Investments 1,527 851 782 1,136 1,219 2,634 Account Receivables 1,515 1,419 1,405 1,542 1,443 1,275 Inventories 422 490 553 376 314 435 Other-Curr
Slide 31: Key Performance Ratios
Financial Highlights Key Performance Ratios In billion IDR 2019 2020 2021 2022 2023 2024 Bank/Third parties Loan IDR denominated in billion IDR 1,194 1,305 1,245 1,514 2,526 796 US$ denominated in billion IDR 662(1) 676(1) 1,059(1) 1,034(1) - - Total Debt in billion IDR 1,856 1,981 2,304 2,548 2,52
Slide 32: Macro Economic
wer ; S 4@ suryainternusa Visa) BUILDING A BETTER INDONESIA Macro Economic
Slide 33: Macro Economic Condition
Macro Economic Condition Global Economic Growth Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation using Oct 2024 IMF Outlook *2025F-2027F using Oct 2024 IMF Outlook 6,0 *2025F-2026F using Oct 2024 IMF Outlook 5,4 7,0 6,1 6,1 6,0 8,6 Advance
Slide 34: Review of Business Segments
Review of Business Segments CONFIDENTIAL FINAL
Slide 35: Property – SSIA's main driver
Property SSIA’s main driver More than 50 years track record • PT Suryacipta Swadaya (“SCS”) • PT TCP Internusa (“TCP”) CONFIDENTIAL FINAL 2.1
Slide 36: 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) 96 100 480 90 84 430 80 38,5 380 70 45,6 330 62 57 57 60 280 30,6 274 28,7 214 50 25,8 209 213 230 191 40 180 30 30 130 50,3 13,8 45,6 106 20 80 28,2 28,7 31,1
Slide 37: Industrial Sector Fundamentals: Land Absorption
INDUSTRIAL SECTOR FUNDAMENTALS Annual Industrial Land Absorption 2024 Land Absorption in 2024 Source: Colliers Q4 2024 Research. Note: IDR15,780 = 1 USD building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 37
Slide 38: Industrial Sector Fundamentals: Active Industries and Land Prices
INDUSTRIAL SECTOR FUNDAMENTALS Type of Active Industries During 2024 Greater Jakarta Industrial Land Prices in 2024 USD/sqm Source: Colliers Q4 2024 Research. Note: IDR15,780 = 1 USD building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 38
Slide 39: 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 Marketing I
Slide 40: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Tanjung Priok Seaport Suryacipta City of Industry Soekarno-Hatta International Airport Subang Smartpolitan Patimban Seaport Both projects are directly connected to the main toll road connecting to major destinations in Java and allowing
Slide 41: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Soekarno-Hatta International Patimban 5 Airport Seaport Tanjung Priok 1 Jakarta-Surabaya High Speed Railway Seaport 2 Jakarta-Cikampek Elevated Toll Road To Central & East Java → KM KM KM KM KM KM KM KM KM KM KM JAKARTA 16 21 24 31 34 37
Slide 42: Property Business Segment
Property Business Segment Suryacipta Karawang & Subang Smartpolitan (2022 onwards) 1.788 1.775 1.852 1.935 1.720 Marketing ASP 1.478 1.233 (in thousand IDR / sqm) 2018 2019 2020 2021 2022 2023 2024 2,263 165% 70 Property Business CAGR of 30,9% 325 Segment Revenue (2018-FY24, in billion IDR) 854 652
Slide 43: High Quality Projects in Suryacipta City of Industry
High Quality Projects in Suryacipta City of Industry Industrial Area Commercial Area Utility West Karawang To Jakarta Well-Diversified Current Tenant Mix Community Facilities Sold Area Interchange Jakarta – Cikampek Toll Home of 165 prestigious global companies Gate Toll Road Toll To Karawang Gate E
Slide 44: High Quality Projects in Suryacipta City of Industry
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix Tenant Landbank by Country Tenant Landbank by Sector Warehouse & Logistics; 4% Textile & Plastics; 0% Garment; 1% Europe & Pharmaceutical US; 12% ; 2% Steel & Metal; 6% Japan; Other; 3% 46% Oil & Gas; 0% Asia IT
Slide 45: Property: Industrial Estate Review – Marketing Sales
Business Segment Property: Industrial Estate Review Marketing Sales Land Sales Location 2018 2019 2020 2021 2022 2023 2024 Suryacipta Karawang (ha) 8.3 17.8 5.6 10.1 10.0 18.2 21.4 - Subang Smartpolitan (ha) - - - 2.0 2.0 140.9 Others* (ha) 1 - 86.2 3.2 3.7 4.2 5.3 15.6 TOTAL Sales Value (in IDR Bil
Slide 46: Property: Industrial Estate Review – Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2018 2019 2020 2021 2022 2023 2024 Suryacipta Karawang (ha) 8.7 17.1 6.2 8.8 10.2 17.2 18.8 Subang Smartpolitan (ha) - - - - - 2.0 124.8 1 Others* (ha) - 2.3 84.0 4.2 5.2 2.9 19.6 TOTAL Sales Value (in billion I
Slide 47: Property: Edenhaus Simatupang
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) Edenhaus Marketing Sales (unit) 39 units (Rp285.3 bn) booked as Revenue as of FY24 10 9 14 6 41 boutique houses 2 41 units (Rp299 billion) sold per 1H24 FY20 FY21 FY22 FY23 1H24 building a better indonesia CONFIDENTIAL DRAFT (change t
Slide 48: Property: Glodok Plaza & Edenhaus Simatupang
Business Segment Property: Glodok Plaza & Edenhaus Simatupang Occupancy Rate (%) – Glodok Plaza Revenue (in billion IDR) – TCP INTERNUSA 200 90% 82% 82% 180 169 80% 80% 80% 76% 160 70% 140 126 60% 120 50% 100 40% 80 74 70 30% 60 44 20% 40 10% 20 0% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Slide 49: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue 2018 2019 2020 2021 2022 2023 2024 (in billion IDR) Industrial Estate (SCS) 154 297 357 166 207 386 1,868 Land Sales Industrial Estate (SCS) 217 220 236 263 290 299 325 Non-Land Rental Property 71 71 59 92 126 169 70 (TCP & Others) TOTAL 442 588 6
Slide 50: Property: Operating Result
Financial Highlights Property : Operating Result In billion IDR 2018 2019 2020 2021 2022 2023 2024 Revenue 442 588 652 520 623 854 2,263 Revenue Growth 7% 33% 11% -20% 20% 37% 165% Gross Profit 225 307 339 259 295 468 799 Gross Margin 51% 52% 52% 50% 47% 55% 35% EBITDA 175 244 281 202 221 369 651 EB
Slide 51: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Suryacipta City of Industry Entrance Commercial Area Development Suryacipta City of Industry Factory Toll Exit Leading to Suryacipta City of Industry building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 51
Slide 52: Photos of Subang Smartpolitan
Photos of Subang Smartpolitan Diamond Bay Area Smartpolitan Toll Gate Master Plan Subang Smartpolitan Main Bridge building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 52
Slide 53: Subang Smartpolitan by Suryacipta
BY SURYACIPTA SUBANG iS SMARTPOLITAN
Slide 54: Subang Smartpolitan Location
Subang Smartpolitan Location Strategic Location • The future of industrial corridor; • Within the Rebana Metropolitan; • 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 55: Subang Smartpolitan Accessibility
Subang Smartpolitan Accessibility Pringkasap Patimban Seaport Station + 40 km (direct access via Patimban Toll Road) Toll Gate (2025) ▪ Direct Toll Access Jakarta - Surabaya Railroad (existing) Direct toll access via KM89 Intersection (2025) Cikopo-Palimanan (Cipali) Toll Road Cipali - Patimban Toll
Slide 56: Project Timeline
Subang Smartpolitan Project Timeline Phase 1 - Development : Q4 2020 Subang Smartpolitan, the pioneer - Handover : Q3 2023 - Operation : Q4 2024 of smart and sustainable city development, Leverages technology and IOT to promote efficiency and security. Toll Road to Patimban - Development : Q4 2024 -
Slide 57: Masterplan
Subang Smartpolitan MASTERPLAN Capacity No Item Schedule (1st Stage) Patimban Toll Road Q1 2026 (direct access to Patimban Seaport) Access road (permanent 1 Dec 2024 road) 2 Toll Exit Q1 2026 Dec 2024 Toll gate Q1 2026 3 Electricity Supply Jan 2026 Direct Access from Cipali-Patimban Toll Water Treat
Slide 58: 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 59: Vision Statement Translated to Township Components
Vision Statement is translated to the components of the township Pillars (Subang Smartpolitan is …) How it’s represented in the township To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place Education and Business Connectivi
Slide 60: Smart Infrastructures
Subang Smartpolitan Smart Infrastructures 1. Smart Connectivity 4. Smart Grid High-speed connection Microgrid system Multiple Fiber Optic Network Sensor Monitoring System IoT Network (e.g., LoRaWAN, NB-IoT, etc.) 2. Intelligent Monitoring & Control 5. Smart & Sustainable Water System Geographical In
Slide 61: Smart & Sustainable Water – Sensor Monitoring System
Subang Smartpolitan Smart & Sustainable Water – Sensor Monitoring System Data transmission via internet Cloud Server Central Coordinator Proceed Maintenance Monitoring Station (GSM/GPRS module, micro controller) Pressure change detected Pressure and velocity sensors Leaked Pipes Problem Fixed Water
Slide 62: Sustainability Efforts
Subang Smartpolitan Sustainability Efforts 2022 2024 2025 2026 Onwards • Finalisation of WSUD • Finalise PLN agreement for • Solar farm stage 1 • Designate parking areas Detailed Engineering green energy commissioning & for trucks. Design. • Smartpolitan’s distribution. • Biomass • Native species in
Slide 63: Patimban Seaport vs. Tanjung Priok Seaport
Subang Smartpolitan Patimban Seaport vs. Tanjung Priok Seaport Preference of Automotive Manufacturers in Hinterland Patimban vs. Tanjung Priok Future Capacity 11,50 M 11,50 M 7,50 M 7,50 M 7,50 M 5,50 M 3,75 M 0,25 M 600 K 600 K 600 K 32% 350 K 350 K 350 K 350 K Patimban 218 K 68% Tanjung Priok Sour
Slide 64: Patimban Seaport Development Masterplan
Subang Smartpolitan Patimban Seaport Development Masterplan Phase I-1 Phase I-2 Phase II Phase III • Container • Container Terminal: • Container Terminal: • Container Terminal: 250,000 3,750,000 TEUs 5,000,000 TEUs Terminal: TEUs 7,500,000 TEUs • Car Terminal: • Car Terminal: • Car Terminal : 600,00
Slide 65: Construction – Source of SSIA steady revenue
Construction Source of SSIA steady revenue More than 50 years track record • PT Nusa Raya Cipta Tbk (“NRCA”) CONFIDENTIAL FINAL 2.2
Slide 66: Manageable Risk Business Model (Construction)
Manageable Risk Business Model Appointment Payment Process between Working Parties Delivery and Handover Process 1 – 3 Years 6 – 12 months (Up to 1 year) Tender Invitation Final Delivery Retention And Period Payment of Retention Tender Submission Business Model (Construction) Advance Negotiation Pay
Slide 67: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2020-2024, Revenue, inTrillion IDR) (2023-2024, Revenue, in Trillion IDR) 4,0 3,4 3,40 3,10 3,20 2,90 3,00 3,2 3,0 2,30 3,1 2,0 1,20 1,00 1,0 1,0 0,0 2020 2021 2022 2023 2024 2023 2024 Nusa Raya Cipta Jaya Konstruksi
Slide 68: PT Nusa Raya Cipta Tbk - Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects In billion IDR 2021 2022 2023 2024 New Contract Classification (in billion IDR) Contract on hand - 2,352 2,925 3,707 2,321 3,202 3,129 3,088 2,679 beginning 6% 16% 16% 14% 6% Contract obtained 2,679 2,352 2,925 3,707 16% 12% 12
Slide 69: Construction: Operating Result
Business Segment Construction : Operating Result Note: NRCA perating Result doesn’t include intercompany eliminations - ROE are annualized In billion IDR 2019 2020 2021 2022 2023 2024 Revenue 2,618 2,086 1,670 2,462 2,896 3,372 Revenue Growth 7% -20% -20% 47% 18% 16% Gross Profit 274 229 190 266 321
Slide 70: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In billion IDR 2019 2020 2021 2022 2023 2024 Assets Cash & Cash Equivalents 689 578 496 647 615 539 Account Receivable 1,468 1,381 1,400 1,552 1,464 1,449 Project Advance 34 22 33 33 15 43 Others 272 241 214 223 242 342 Total Assets 2,463 2,221 2,143
Slide 71: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Edenhaus Simatupang Condotel Cihampelas Walk - Bandung Hotel Oakwood – Slipi, Jakarta Creativo Bintaro - Tangerang Indigo Hotel Dago Pakar Resort- Bandung DP Mall Expansion - Semarang Hilton Hotel - Padalarang building a better indonesia CONFIDENTIAL DRAFT (chan
Slide 72: NRCA Dividend History
NRCA Dividend History Financial year Dividend per Share (IDR) Dividend Payout Ratio Payment Date 2023 Rp29 70% 11 Jun 2024 2022 Rp42 136% 23 Jun 2023 2021 Rp15 70% 17 Jun 2022 2020 Rp15 66% 24 Jun 2021 2019 Rp25 60% 04 Aug 2020 2018 Rp30 62% 28 May 2019 2017 Rp40 64% 31 May 2018 2016 Rp30 72% 07 Jun
Slide 73: Hospitality – Main driver of SSIA recurring income
Hospitality Main driver of SSIA recurring income More than 35 years track record 2.3 • PT Suryalaya Anindita Internastional (“SAI”) • PT Sitiagung Makmur (“SAM”) • PT Ungasan Semesta Resort (“USR”) • PT Surya Internusa Hotels (“SIH”) CONFIDENTIAL FINAL
Slide 74: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Monthly Average Occupancy Rate Annual Room Supply Monthly Average Room Rate Source: Colliers Q4 2024 Research & STR Global building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 74
Slide 75: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Annual Room Supply Number of Foreign Visitors to Bali Monthly Average Occupancy Rate Monthly Average Room Rate Source: Colliers Q4 2024 Research & STR Global building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 75
Slide 76: Hospitality Hotels: 1,760 Rooms
Hospitality 3 Hotels 5 Star 901 Rooms Melia Bali Hotel Gran Melia Jakarta Umana Bali 7 Hotels 3 Star TOTAL 859 Rooms 1,760 Rooms BATIQA Hotel building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 76
Slide 77: Hospitality Business
Hospitality Business Occupancy Rate Revenue (2020-2024, %) (FY19-FY24F, in Billion IDR) 90% 4% 80% 70% 943 60% 905 50% 40% 811 128 30% 121 20% 10% 101 57 142 0% 2020 2021 2022 2023 2024 144 595 601 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA Note: Melia Bali 2025 : Dec only 102 4.2
Slide 78: Hospitality Business – ARR and RevPAR
Hospitality Business ARR (Rp) 2019 2020 2021 2022 2023 2024 GMJ 1,251 1,042 803 1,041 1,156 1,125 MBH 1,671 1,468 671 1,696 2,061 2,456 LXR 6,223 5,714 4,672 6,572 7,888 8,903 BATIQA 314 303 322 344 364 371 Room RevPAR (thousand Rp) GMJ 561 160 237 483 642 706 MBH 1,307 262 84 972 1,658 1,991 LXR 3,
Slide 79: Hospitality: Operating Result
Business Segment Hospitality : Operating Result In Billion IDR 2018 2019 2020 2021 2022 2023 2024 Revenue 803 811 220 191 595 905 943 Revenue Growth 15% 1% -73% -13% 211% 52% 4% Gross Profit 519 515 75 80 371 583 616 Gross Margin 65% 64% 34% 42% 62% 64% 65% EBITDA 186 177 -113 -79 122 241 223 EBITDA
Slide 80: Hospitality 2024
Hospitality 2024 Average Room Rate Room Occupancy (in million Rp) 2,46 (%) 2,06 80 82 1,69 1,47 57 0,67 18 12 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Melia Bali Hotel Note: Melia Bali is currently undergoing renovations starting from October 2024 Average Room Rate Room Occupancy (in millio
Slide 81: Hospitality 2024 Outlook
Hospitality 2024 Outlook Average Room Rate Room Occupancy (in million Rp) (%) 8,90 7,89 6,57 5,71 48 4,67 15 15 21 7 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Umana Bali Average Room Rate Room Occupancy (in thousand Rp) (%) 364 371 322 344 72 303 61 66 50 39 FY20 FY21 FY22 FY23 FY24 FY20 FY2
Slide 82: Travelio's FY-24 Achievements & FY-25 Targets
Travelio’s FY-24 Achievements & FY-25 Targets Net Live Units Growth within the Next 1 Year Company GMV (in million IDR) FY-24 FY-25 1.2x 800.443 15,529 Apartments 17,095 668.587 Apartments FY-24 Highlights: +20% YoY 162,508 Apartment Mid-Long-Term FY24 Company GMV Bookings 1,295 3,370,839 FY-24 (Act
Slide 83: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 83
Slide 84: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel The Level Lobby Hotel Family Suite Room Swimming Pool building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 84
Slide 85: Photos of UMANA BALI, LXR Hotels & Resorts
Photos of UMANA BALI, LXR Hotels & Resorts Resort Aerial (Day) Tropical Garden Pool Villa Panoramic Ocean Pool Villa Commune (Outdoor – Day) Pad (Indoor – Night) Main Pool (Day) building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 85
Slide 86: Photos of BATIQA Hotels
Photos of BATIQA Hotels FRESQA Bistro Suite Room Exterior view of BATIQA Hotel Lampung Lobby Meeting Room building a better indonesia CONFIDENTIAL DRAFT (change this doc class in master slide) 86
Slide 87: Summary
Summary Subang is SSIA’s Subang will stimulate NRCA will leverage its SSIA to generate In the long run - main catalyst Indonesia Economic expertise in industrial higher growth in Jump in recurring Growth in 2030 & residential township hospitality post income through EV : catalyst of & infrastructure
Slide 88: Thank You
Thank You Erlin Budiman VP Head of Investor Relations & Corporate Communications Contact: erlin.budiman@suryainternusa.com PT SURYA SEMESTA INTERNUSA TBK TEMPO SCAN TOWER 20TH FLOOR JL. HR. RASUNA SAID KAV. 3-4 KUNINGAN, JAKARTA 12950, INDONESIA Surya Internusa: PH. +62 21 526 2121 / +62 21 527 2121
Slide 89: suryainternusa
suryainternusa ATS BUILDING A BETTER INDONESIA
PT Surya Semesta Internusa — FY2024 Earnings Presentation on 6ix