Pt Ciputra Development Tbk · IDX:CTRA
Pt Ciputra Development Tbk — Investor Presentation (August 2011)
56 slides from Pt Ciputra Development Tbk's investor presentation, August 2011
Slide 1: PT Ciputra Development Tbk Business Presentation
PT CIPUTRA DEVELOPMENT TBK BUSINESS PRESENTATION August 2011
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Slide 4: Corporate Structure
Corporate Structure CIPUTRA PUBLIC/ RELATED CO. OTHERS 42% 58% PT CIPUTRA DEVELOPMENT TBK (15,165,815,994 shares @ Rp 250) Listed on IDX Listed on IDX 99.99% 99.99% 99.99% 99.89% 62.66% 54.72% PT CIPUTRA PT CIPUTRA GRAHA PT CIPUTRA SURYA PT CIPUTRA RIDGE CAPITAL PT CIPUTRA RAYA PT CIPUTRA INDAH RESI
Slide 5: Corporate Milestone
Corporate Milestone Capital raising & corporate actions STRENGTHENING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION……… 1994 : IPO and listing on JSX 1997 : Economic crisis hit 2006 : Indonesia. Start of debt restructuring - Issuance of 2.3 billion shares 1995 : Issuance of Notes (USD 100 mill
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 (63,000 sqm & 494 rooms); Succ
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 We are well positioned in Indonesia’s Focus on real estate business property outlook throu
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Slide 9: Project Portfolio
Project Po ot Portfolio
Slide 10: Geographic Reach
Geographic Reach Indonesia CitraLand CitraLand NGK CitraGrand City CitraGarden Citra BukitIndah CitraLand City CitraLand CitraLand Kendari projects in 19 cities SUMATRA Pekan Baru KALIMANTAN Samarinda Jambi Balikpapan Palembang Banjarmasin Kendari B. Lampung Makassar Jakarta Pekalongan CitraGarden T
Slide 11: Project Site Greater Jakarta
Project Site Greater Jakarta PT Ciputra Development Tbk - Business Presentation 09
Slide 12: CTRA Projects
CTRA Projects CitraGarden City Jakarta Location : Kalideres, West Jakarta Launch : 1984 Development plan : 450 ha Developed area : 344 ha Market segment : Middle-up Unit sold : 9,149 units Others : Our 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 Location : Tangerang, West of Jakarta Launch : 1997 Launch : 1994 Development plan : 550 ha Development plan : 2,760 ha Developed area : 328 ha Developed area : 730 ha Market segment : Middle-low Market segment
Slide 14: CTRA Projects
CTRA Projects CitraGarden CitraLand Banjarmasin Banjarmasin Location : Banjarmasin, South Kalimantan Launch : September 2005 Development plan : 10 ha Developed area : 10 ha Market segment : Middle-up Unit sold : 220 units Others : Our first project in Kalimantan. A joint operation project. Location
Slide 15: CTRA Projects
CTRA Projects CitraLand City Citra BukitIndah Samarinda Balikpapan Location : Samarinda, East Kalimantan Location : Balikpapan, East Kalimantan Launch : June 2007 Launch : May 2008 Development plan : 93 ha Development plan : 21 ha Developed area : 29 ha Developed area : 10 ha Market segment : Middle
Slide 16: CTRA Projects
CTRA Projects CitraGrand City Palembang Location : Palembang, South Sumatra Launch : August 2008 Development plan : 160 ha Developed area : 11 ha Market segment : Middle income Unit sold : 535 units Others : A joint operation project PT Ciputra Development Tbk - Business Presentation 14
Slide 17: CTRA Projects
CTRA Projects CitraLand Celebes CitraGarden Makassar Makassar Location : Makassar, South Sulawesi Launch : March 2009 Development plan : 30 ha Location : Makassar, South Sulawesi Developed area : 16 ha Launch : May 2010 Market segment : Middle-up Development plan : 15 ha Unit sold : 360 units Develo
Slide 18: CTRA Projects
CTRA Projects CitraGreen Dago Bandung Location : Dago Atas, North of Bandung Pre-launch : August 2010 Development plan : 70 ha Developed area : 5 ha Market segment : Middle-up Unit sold : 27 units Others : A joint operation project PT Ciputra Development Tbk - Business Presentation 16
Slide 19: CTRA Projects
CTRA Projects CitraLand NGK Jambi NEW Location : Kota Baru Jambi, south west of Jambi Launch January 2011 : Development plan : 35 ha Developed area : 8 ha Market segment : Middle and middle-up Units sold : 22 units Others : A joint venture project. To become the first green housing in community PT C
Slide 20: CTRA Projects
CTRA Projects CitraLand NEW Pekan Baru Location : Pekanbaru, Riau Launch : February 2011 Development plan : 20 ha Developed area : 5 ha Market segment : Middle-up Units sold : 176 units Others : A joint venture project. PT Ciputra Development Tbk - Business Presentation 18
Slide 21: CTRA Projects
CTRA Projects CitraGarden Pekalongan NEW Location : Pekalongan, Central Java Launch : June 2011 Development plan : 10 ha Units sold : 9 units Market segment : Middle-up Others : A joint operation project. PT Ciputra Development Tbk - Business Presentation 19
Slide 22: CTRA Projects
CTRA Projects Grand Shenyang International City Shenyang PROJECT LOCATIO N airport N SHENYANG CITY MAP Location : Shenyang, Liaoning, China Stage 1 Launch : 2H 2011 (estimated) • Low rise development : Development plan : 313 ha Market segment : Middle-up • Sports park + clubhouse development Others
Slide 23: CTRA Projects
CTRA Projects CitraRaya Hospital Tangerang CTRA is developing a general hospital in Tangerang, within CitraRaya project. The hospital will have 126 wards. Total investment : ± IDR 100 billion Total area : 1.2 ha Start Construction : 2H 2010 Start Operation : 2H 2011 (estimated) Others : Our first he
Slide 24: CTRS Projects
CTRS Projects CitraLand Surabaya Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 650 ha Market segment : Middle-up Unit sold : 11,822 units Others : Our largest township development in Surabaya PT Ciputra Development Tbk - Business Presentation 22
Slide 25: 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 : 45 ha
Slide 26: CTRS Projects
CTRS Projects CitraIndah The Taman Dayu Sidoarjo Pandaan Location : Sidoarjo, South of Surabaya Launch : Mar 2010 Development plan : 2 ha Developed area : 2 ha Market segment : Middle-up Unit sold : 46 unit Others : A joint venture project. Location : Pandaan, South of Surabaya Launch : August 2005
Slide 27: CTRS Projects
CTRS Projects CitraGarden Ciputra Golf Lampung Surabaya Location : Bandar Lampung, South of Sumatra Launch : February 2005 Development plan : 57 ha Located in CitraLand Surabaya, Ciputra Golf and Family Club is a 100 ha Developed area : 47 ha complex, which consists of a 27-hole golf course, club ho
Slide 28: CTRS Projects
CTRS Projects CitraSun Garden Semarang NEW Location : Semarang, Central Java Launch : January 2011 Development plan : 17 ha Developed area : 5 ha Market segment : Middle Units sold : 41 units Others : A joint operation project PT Ciputra Development Tbk - Business Presentation 26
Slide 29: CTRS Projects
CTRS Projects CitraLand Kendari NEW Location : Kendari, South East Sulawesi Launch : March 2011 Development plan : 15 ha Developed area : 5 ha Market segment : Middle and middle-up Units sold : 123 units Others : A joint operation project. To become a LifeStyle City Center PT Ciputra Development Tbk
Slide 30: CTRS Projects
CTRS Projects CitraLand Denpasar Location : Denpasar, Bali Launch : August 2011 Development plan : 18 ha Market segment : Middle-up Others : A joint operation project. To become a LifeStyle City Center PT Ciputra Development Tbk - Business Presentation 28
Slide 31: CTRS Projects
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 comprise of shopping mall, apartment, office building and hotel, Surabaya with total building area of more than 300,000 sqm. For the first stage, CTRS will de
Slide 32: CTRP Projects
CTRP Projects Location : Grogol, West Jakarta Ciputra Mall & Hotel Total area : 4.1 ha Jakarta Shopping mall • Start operation : 1993 • Gross/ net area : 76,000 sqm/ 43,115 sqm • Occupancy rate/ ARR : 95%/ USD 22.43 (IDR 157,000) Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swis
Slide 33: 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 : 81% /USD 81/night or 17/sqm/mth Location : Simpang Lima, Se
Slide 34: CTRP Projects
CTRP Projects Dipo Business Center Jakarta NEW Location : Jl. Letjen Gatot Subroto lot 50-5 Central Jakarta Total area : 0.7 ha Construction : 3Q 2011 Office building • Gross area : 19,440 sqm • Exp. Selling price : Rp 13 million / sqm • Start operation : 2Q 2013 House/Office (Rukan) • Net area : 5,
Slide 35: CTRP Projects
CTRP Projects Ciputra World Jakarta CTRP plans to develop several super block and mixed-use development in Jakarta CBD. The development will 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 3-5
Slide 36: CTRP Projects
CTRP Projects Ciputra World Lot 3-5 Jakarta Serviced apartment Total area : 5.5 ha : 170 units • Gross/ net area Investment cost : IDR 3.1 trillion (USD 332 mio) : USD 26/ sqm/ month • Exp. ARR Construction : 2008 - 2012 : 1H 2013 • Start operation Shopping mall • Managed by : Ascott Group • Gross/
Slide 37: CTRP Projects
CTRP Projects Ciputra World 2 (Lot 11) Future Ciputra Ciputra World World LotLot 6 11 Future Jakarta Project JakartaJakarta Project Total area : 1.4 ha Investment cost : IDR 922 bio (USD 100 mio) Construction : 2015 Condominium : 240 units • Gross/ net area : 32,625 sqm/ 26,100 sqm • Exp. selling pr
Slide 38: Future Projects
Future Projects The Company also plans to develop new residential projects in all major cities throughout Indonesia. Details of the projects which will be launched in 2011 are as follows: No. Projects Cooperation Development Launching scheme Plan (ha) Target CTRA 1. CitraLand Tegal Joint Venture 10
Slide 39: PT Ciputra Development Tbk - Business Presentation
PT Ciputra Development Tbk - Business Presentation
Slide 40: Pre-Sales Residential Projects
Pre-Sales Residential Projects By Location 2009 2010 Greater Greater Jakarta Jakarta Greater In billion IDR Greater Surabaya Surabaya 3,091 Other Other Locations Locations 2011* 1452 33% Greater Greater Surabaya 1,793 Jakarta 20% 1,713 Other city 1,436 outer Java 9% 1,277 596 860 38% Other city 1,10
Slide 41: Profit & Loss Highlights
Profit & Loss Highlights Revenues Breakdown In billion IDR 2010 1H 2011 1,693 1,348 1,332 61.9% 1,303 63.4% 15.0% 16.2% 928 6.3% 12.0% 6.6% 13.1% 735 2.2% 3.4% 583 599 599 506 482 412 437 Residential Condominium Shopping Mall Hotel Others 299 272 Gross Profit Margin EBT Margin 2007 2008 2009 2010 1H
Slide 42: Financial Highlights
Financial Highlights In billion IDR BALANCE SHEET 1H 2011 2010 2009 2008 2007 Assets 10,071.2 9,378.3 8,553.9 8,108.4 7,484.1 Cash & cash equivalents 2,099.7 2,235.9 2,009.2 2,464.3 2,289.2 Land 3,820.2 3,549.1 3,319.0 3,138.4 3,444.2 Others 4,151.3 3,593.3 3,225.7 2,505.7 1,750.7 Liabilities 2,787.
Slide 43: Land Bank Residential Projects (as at June 2011)
Land Bank Residential Projects (as at 31 June 2011) (In billion IDR, except for Average Land Selling Price) Developed Land Undeveloped Land Sales Information Average Project (Salable Land) (Raw Land) 2010 Land Selling Price* ha IDR Ha IDR Ha Unit 2009 2010 CitraGarden City 22.2 262.5 90.1 238.3 3.3
Slide 44: Land Bank Residential Projects (as at June 2011)
Land Bank Residential Projects (as at 31 June 2011) (In billion IDR, except for Average Land Selling Price) Sales Information Average Joint Operation Project Development Plan 2010 Land Selling Price* (Ha) Ha Unit 2009 2010 The Taman Dayu Pandaan 600 1.9 114 765,000 875,000 CitraGarden Banjarmasin 10
Slide 45: PT Ciputra Development Tbk - Business Presentation
PT Ciputra Development Tbk - Business Presentation
Slide 46: Indonesia Macro Outlook
Indonesia Macro Outlook ECONOMIC INDICATORs 2007 2008 2009 2010 Economic growth 6.32% 6.10% 4.50% 6.10% Inflation rate 6.59% 11.06% 2.78% 6.96% BI rate 8.00% 9.25% 6.50% 6.50% Exchange rate (USD/IDR) 9,419 10,950 9,400 8,991 International reserves (in bio USD) 56.92 51.64 66.10 96.21 Source: BPS & B
Slide 47: Property Market Outlook (Greater Jakarta Only)
Property Market Outlook (Greater Jakarta Only) 2H 2010… Office Apartment CBD Strata Title Lease Supply (mio sqm) 4.26 Supply (unit) 74,594 8,056 AOR (%) 87.77 Sales rate / AOR (%) 98.03 83.85 Rental rate Pricing (Rp mio/sqm) - Rp 121,043 - CBD 15.40 - - USD 13.46 - Prime Non-CBD 14.13 - Service char
Slide 48: Share Price (updated Aug 2011)
Share Price (updated Aug 2011) In IDR 19/08/2011 In share Source: Bloomberg PT Ciputra Development Tbk - Business Presentation 46
Slide 49: The Management
The Management Board of Commissioners 1 2 3 4 5 6 DR. Ir. Ciputra Dian Sumeler Bayan 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 Ju
Slide 50: Awards
Awards Warta Ekonomi Award 2010: IMAC Award 2010: The Most Powerful Company Best Developer In Property & Real Estate Industry Property&Bank Award 2010: FinanceAsia Award 2010: Developer of the Year 2010 2nd Runner-Up Asia’s Best Companies IMAC Award 2009: IMAC Special Award 2008: IMAC Award 2007: IM
Slide 51: 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 Disclaimer Clause: This presentation may contain forward-looking state
Slide 52: Notes
Notes 50
Slide 53: Notes
Notes 51
Slide 54: Notes
Notes 52
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Slide 56: PT Ciputra Development Tbk
@ PT Ciputra Development Tbk
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