Slide 1: PT Ciputra Development Tbk Business Presentation
PT CIPUTRA DEVELOPMENT TBK BUSINESS PRESENTATION January 2010
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Slide 3: Corporate Overview
Slide 4: Corporate Structure
Corporate Structure CIPUTRA PUBLIC/ The shareholders RELATED CO. OTHERS 42% PT CIPUTRA 58% DEVELOPMENT TBK (7,582,907,997 saham @ Rp 500) Listed on IDX Listed on IDX 99.99% 99.99% 99.89% 51.89% 62.66% 1st layer PT CIPUTRA PT CIPUTRA PT CIPUTRA PT CIPUTRA PT CIPUTRA subsidiaries RESIDENCE GRAHA MITRA
Slide 5: Corporate Milestone
Corporate Milestone Capital raising & corporate actions STRENGTHEN OUR FINANCIAL POSITION & SUPPORT BUSINESS EXPANSION……… 1994 : IPO and listed on JSX 1995 : Issuance of Notes (USD 100 mio) 2006 : 1997 : Economic crisis in Indonesia. - Issuance of 2.3 billion shares 1996 : Start of debts restructuri
Slide 6: Core Business
Core Business Residential Development Commercial Property Development & Management (Selling Income) (Recurring Income) Township Development Residential Project Condominium Shopping Mall Hotel Serviced Apartment Others* Successfully developed 2 integrated mall and hotel (64,000 sqm& 528 rooms); Succe
Slide 7: Competitive Strength
Competitive Strength BUSINESS PROSPECT Increase in Change in Low Potential Government Stable Urbanization housing customers mortgage economic stimulus political trends needs lifestyle rate growth plan outlook The Company is well positioned in Indonesia’s Focus on real estate business property outloo
Slide 8: Project Portfolio
Slide 9: Project Portfolio
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Slide 10: Geographic Reach
Geographic Reach Indonesia CitraGrand City CitraGarden Citra BukitIndah CitraLand City projects in 13 cities SUMATRA KALIMANTAN Samarinda Balikpapan Palembang Banjarmasin B. Lampung Makassar Jakarta Tangerang Bogor Semarang Surabaya JAVA Sidoarjo Pandaan CitraGarden CitraGarden City Ciputra Mall & H
Slide 11: Project Site Greater Jakarta
Project Site Greater Jakarta Airport CITRA GARDEN CITY Jakarta CBD CITRA RAYA TANGERANG Ring Road I Ring Road II Serpong-Airport Highway CITRA INDAH PT Ciputra Development Tbk - Business Presentation 09
Slide 12: CTRA Projects
CTRA Projects CitraGarden City Location : Kalideres, West Jakarta Jakarta Launch : 1984 Development plan : 415 ha Developed area : 338 ha Market segment : Middle-up Unit sold : 8,812 units Others : The first and largest residential project in West Jakarta, near the airport PT Ciputra Development Tbk
Slide 13: CTRA Projects
CTRA Projects CitraRaya CitraIndah Tangerang Jonggol Location : Jonggol, South of Jakarta Launch : 1997 Development plan : 550 ha Developed area : 310 ha Market segment : Middle-low Unit sold : 12,679 units Location : Tangerang, West of Jakarta Others : City of Nature, that offers Launch : 1994 the
Slide 14: CTRA Projects
CTRA Projects CitraGarden CitraLand City Banjarmasin Samarinda Location : Samarinda, East Kalimantan Launch : June 2007 Development plan : 93 ha Developed area : 23 ha Market segment : Middle-up Unit sold : 261 units Others : A joint operation project Location : Banjarmasin, South Kalimantan Launch
Slide 15: CTRA Projects
CTRA Projects Citra BukitIndah Balikpapan Location : Balikpapan, East Kalimantan Launch : May 2008 Development plan : 21 ha Developed area : 4 ha Market segment : Middle-up Unit sold : 55 units Others : A joint operation project Location : Palembang, South Sumatra CitraGrand City Launch : August 200
Slide 16: CTRA Projects
CTRA Projects CitraLand Celebes Makassar Location : Makassar, South Sulawesi Launch : March 2009 Development plan : 30 ha Developed area : 10 ha Market segment : Middle-up Unit sold : 211 units Others : The first project in Sulawesi. A joint operation project PT Ciputra Development Tbk - Business Pr
Slide 17: CTRA Projects: Grand Shenyang
CTRA Projects Grand Shenyang Star Lake City Shenyang NEW Location : Shenyang, Liaoning, China Launch : 1H 2010 (estimated) Development plan : 313 ha Market segment : Middle-up Others : First overseas project. A joint venture township project PT Ciputra Development Tbk - Business Presentation 15
Slide 18: CTRA Projects: CitraRaya Hospital
CTRA Projects CitraRaya Hospital Tangerang NEW CTRA is also plan to develop a general hospital in Tangerang, inside CitraRaya project. The hospital will have 120 rooms . Total investment : ± IDR 100 billion Total area : 1.2 ha Start construction : 2H 2010 (plan) Start operation : 2H 2011 (estimated)
Slide 19: CTRS Projects
CTRS Projects CitraLand Surabaya Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 643 ha Market segment : Middle-up Unit sold : 11,208 units Others : The largest township development in Surabaya PT Ciputra Development Tbk - Business Presentation 17
Slide 20: CTRS Projects
CTRS Projects CitraHarmoni CitraGarden Sidoarjo Sidoarjo Location : Sidoarjo, South of Surabaya Launch : August 2005 Location : Sidoarjo, South of Surabaya Development plan : 26 ha Launch : 1997 Developed area : 26 ha Development plan : 332.5 ha Market segment : Middle income Developed area : 40 ha
Slide 21: CTRS Projects
CTRS Projects The Taman Dayu CitraGarden Pandaan Lampung Location : Pandaan, South of Surabaya Launch : August 2005 (relaunched) Development plan : 600 ha Developed area : 199 ha Market segment : Middle income Unit sold : 502 units Others : Residential & resort development. A joint operation project
Slide 22: CTRS Projects: Ciputra Golf
CTRS Projects Ciputra Golf Surabaya Located in CitraLand Surabaya, Ciputra Golf and Family Club is a 100 ha complex, which consists of a 27-hole golf course, club house, restaurant, meeting hall, hotel, fitness and sport center. Ciputra Golf is one of the biggest and most popular golf courses in Sur
Slide 23: CTRS Projects: Ciputra World Surabaya
CTRS Projects CTRS is undertaking a super block development on an area of Ciputra World 7.7 ha located in West Surabaya. The development will Surabaya comprise shopping mall, apartment, office building and hotel, with total building area of more than 300,000 sqm. For the first stage, CTRS will devel
Slide 24: CTRP Projects
CTRP Projects Ciputra Mall & Hotel Jakarta Location : Grogol, West Jakarta Total area : 4.1 ha Shopping mall • Start operation : 1993 • Gross/ net area : 76,000 sqm/ 43,100 sqm • Occupancy rate/ ARR : 96%/ USD 22.1 (IDR 155,000) Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swiss
Slide 25: CTRP Projects
CTRP Projects Ciputra Mall & Hotel Somerset Grand Citra Semarang (serviced apartment) Jakarta Location : Jakarta CBD Total area : 1.1 ha • Start operation : 1995 • Operator : The Ascott Group • Total room/ unit : 203 • Occupancy rate/ ARR : 61% /USD 81/nite or 17/sqm/mth Location : Simpang Lima, Sem
Slide 26: CTRP Projects: Ciputra World Jakarta
CTRP Projects Ciputra World Jakarta CTRP plans to develop several super block and mixed-use development in Jakarta CBD. The development w ill take place at Jl. Satrio Lot 3-5, Lot 6 and Lot 11. Total development area is around 10 ha. Currently, CTRP is undertaking the construction of Lot 3-5. Lot 3-
Slide 27: CTRP Projects: Ciputra World Lot 3-5
CTRP Projects Ciputra World Lot 3-5 Jakarta Total area : 5.5 ha Investment cost : IDR 3.1 trillion (USD 332 mio) Construction : 2008 - 2012 Shopping mall • Gross/ net area : 136,000 sqm/ 84,000 sqm • Expected ARR : USD 28/sqm/month • Start operation : 1H 2011 Condominium : 136 units* (115-170 sqm) •
Slide 28: CTRP Projects: Lot 6 and Lot 11
CTRP Projects Future Ciputra World Lot 6 Project Ciputra World Lot 11 Future Jakarta Jakarta Project Total area : 1.4 ha Investment cost : IDR 922 bio (USD 100 mio) Construction : 2012 – 2014 Condominium : 240 units • Gross/ net area : 32,625 sqm/ 26,100 sqm • Exp. selling price : Start from IDR 17.
Slide 29: Figures & Financial
Slide 30: Pre-Sales Residential Projects
Pre-Sales Residential Projects In billion IDR By Location Greater Jakarta Greater Jakarta Greater Surabaya 1,436 1,320 1,278 362 Other Location 1,106 Other Greater Surabaya Location 164 570 823 103 865 2008 2009 504 788 67 Payment Method 720 691 Mortgage Mortgage 437 155 209 16 Hard Cash Hard Cash 2
Slide 31: Financial Highlights
Financial Highlights In billion IDR Unaudited BALANCE SHEET 3Q 2009 2008 2007 2006 2005 Assets 8,268.5 8,108.4 7,484.1 5,156.6 5,306.7 Cash & cash equivalents 1,996.7 2,464.3 2,289.2 759.9 390.0 Land 3,284.1 3,148.0 3,444.2 2,817.6 3,447.8 Others 2,987.7 2,496.1 1,750.7 1,579.1 1,468.9 Liabilities 1
Slide 32: Profit & Loss Highlights
Profit & Loss Highlights Revenues Breakdown In billion IDR 2008 3Q2009 1,348 1,303 1,186 1,050 935 595 622 486 534 419 Residential Condominium Shopping Mall Hotel Others 336 235 287 291 171 Gross Profit Margin Operating Profit Margin 2005 2006 2007 2008 3Q 2009 Rev enues Gross Prof it Operating Prof
Slide 33: Land Bank Residential Projects
Land Bank Residential Projects As of 30 September 2009, the Company and subsidiaries had 499.3 ha developed land and 1,099.7 ha undeveloped land, which totally amounted to IDR 2.69 trillion. (In billion IDR, except for Average Land Selling Price) Developed Land Undeveloped Land Sales Information Ave
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Slide 35: Market Overview
VAD DENAIEES
Slide 36: Indonesia Macro Outlook
Indonesia Macro Outlook ECONOMIC INDICATORs 2005 2006 2007 2008 2009 Economic growth 5.60% 5.50% 6.32% 6.10% 4.30% Inflation rate 17.11% 6.60% 6.59% 11.06% 2.78% BI rate 12.75% 9.75% 8.00% 9.25% 6.50% Exchange rate (USD/IDR) 9,830 9,020 9,419 10,950 9,400 International reserves (in bio USD) 34.72 42
Slide 37: Property Market Outlook (Greater Jakarta Only)
Property Market Outlook (Greater Jakarta Only) 3Q 2009… Office Apartment CBD Outside CBD Strata Title Lease Supply (mio sqm) 4.05 1.66 Supply (unit) 74,920 7,835 AOR (%) 87.2 88.1 Take up rate/AOR (%) 71.2 69.2 Rental rate Pricing (mio Rp/ sqm) 11.5 Average - Rp 92,988 62,718 - CBD 15.8 - - USD 16.4
Slide 38: Share Price
Share Price (updated Jan 2009) In IDR 900 800 700 600 500 400 300 200 In share 100 m 50 m Source: Y ahoo Finance PT Ciputra Development Tbk - Business Presentation 36
Slide 39: The Management
The Management Board of Commissioners DR Ir Ciputra Dian Sumeler Bay an Akochi DR Cosmas Batubara Henk Wangitan DR Widigdo Sukarman Chairman Independent member Independent member Independent member Board of Directors Candra Ciputra Budiarsa Sastrawinata Rina Ciputra S. Harun Hajadi Junita Ciputra Pr
Slide 40: Awards
Awards Awarded as Indonesia Most Admired Companies (IMAC) in Developer category for 3 consecutive years… IMAC Aw ard 2009: IMAC Special Aw ard 2008: IMAC Aw ard 2008: IMAC Aw ard 2007: Best Developer The Most Sustainable Best Developer Best Developer Corporate Image 2008 - 2009 PT Ciputra Developmen
Slide 41: Investor Relations Corporate Secretary
Investor Relations Corporate Secretary PT CIPUTRA DEVELOPMENT TBK Jl. Prof. DR. Satrio Kav. 6 Jakarta 12940 - INDONESIA Phone : +62 21 5225858 Fax : +62 21 5205262 Email : investor@ciputra.com Website : www.ciputradevelopment.com Disclaim er Clause: This presentation may contain forw ard-looking sta
Slide 42: Notes
Notes 40
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Slide 44: PT Ciputra Development Tbk
@ PT Ciputra Development Tbk