47 slides from Pt Intiland Development Tbk's investor presentation, September 2020
Slide 1: Corporate Presentation September 2020
Corporate Presentation September 2020 PT Intiland Development Tbk Intiland. Developing Your World. Intiland Tower Jakarta
Slide 2: Table of Contents and Disclaimer
Table Of Contents Section 1 Company Overview 3 Section 2 Strategy 9 Section 3 Key Investment Highlights 12 Section 4 Key Financials 33 Section 5 Appendix 37 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitat
Slide 3: Session 1 Company Overview
Session 1 Company Overview SQ Res
Slide 4: PT Intiland Development Tbk (Intiland)
PT Intiland Development Tbk ( “ Intiland ” ) Since 1983, Intiland has established a long and successful track record over 61 projects, as a trend-setter and innovator with high quality award- winning projects in Jakarta and Surabaya Over 3 decades of First established in 1983 under the name of PT
Slide 5: Key Corporate Milestone
Key Corporate Milestone 2014 2018 1974 Soft launched Founder Hendro S. 2007 Started the Corporate construction of SQ Res apartments, Gondokusumo 2011 restructuring; Praxis, Surabaya a second-stage started first Launched South Rp1.1tn development of the development of Quarter, a new outstanding debt
Slide 6: Corporate Structure
Corporate Structure CGS-CIMB Securities Hendro S. PT Bina Yatra Bali Private Villa (s) Public < 5% (Singapore) Pte Ltd Gondokusumo Sentosa Pte, Ltd 15.00% 15.69% 12.35% 7.48% 49.48% Total Issued Shares : 10,365,854,185 shares Market Capitalization as of Sept 30, 2020(6) : Rp 1.5 tn (~USD 102 mn) @Rp
Slide 7: Core Portfolio
Core Portfolio The Company develops various products classified into mixed use & high rise, landed residential, industrial estates and investment properties. Some of the existing and future projects are as follows: Mixed Use & Landed Industrial Investment High Rise Residential Estates Properties • •
Slide 8: Selected Awards and Achievements
Selected Awards and Achievements 2020 Intiland Hendro S. Gondokusumo Top CSR Awards Star 3 at the Top CSR Top Leader on CSR Commitment 2020 at the Top Awards 2020 held by Top Business CSR Awards 2020 held by Top Business magazine, Komite Nasional Kebijakan magazine, Komite Nasional Kebijakan Governa
Slide 9: Session 2 Strategy
Session 2 Strategy Praxis
Slide 10: Growth Strategy
Growth Strategy • Focus on developing existing projects in Jakarta and Surabaya Organic Growth • Maximize the value of existing asset portfolio (e.g. mixed use & high rise) • Continue the land acquisition surrounding existing projects • Strategic acquisition to support our vision and mission Acquisi
Slide 11: Strategic partnership case study: GIC
Strategic partnership case study: GIC Our JVs with GIC present a good example of what we seek in a strategic partner and how we employ such partnerships as a way to mitigate development risk and proactively strengthen our balance sheet JV overview Strategic benefits Capital management November 2016
Slide 12: Session 3 Key Investment Highlights
Session 3 Key Investment Highlights Regatta
Slide 13: Key Investment Highlights
Key Investment Highlights Experienced management and Established track record in strong corporate governance successfully developing and driving sustainable growth 5 1 launching premium flagship projects Strong pipeline of high quality developments and 4 2 Diversified portfolio in strategic location
Slide 14: Established track record in launching premium flagship projects
5 1 Established track record in successfully developing 4 2 3 and launching premium flagship projects Over the past 40 years, we have developed/launched various award-winning premium projects which have become benchmarks in their respective markets Mixed Use & High Rise Mixed Use & High Rise Landed
Slide 15: Diversified portfolio in strategic locations
5 1 Diversified portfolio in strategic locations which stands to 4 2 3 benefit from ongoing/recent infrastructure developments Our diversified portfolio is well-positioned to capture demand across different product types and locations Marketing Sales by product type by project by location 1% 1% 0% 6
Slide 16: High-rise developments – Mixed-use/Integrated
5 1 4 2 3 High-rise developments – Mixed-use/Integrated Our flagship high-rise mixed-use/integrated projects have seen strong take-up rates across various components (residential, office, retail) Our high rise developments are high density projects, located in prime urban locations typically located
Slide 17: High-rise developments – Residential
5 1 4 2 3 High-rise developments – Residential Our current pipeline and high-rise residential projects are located in strategic areas with strong infrastructure connectivity and/or within established areas. It will offer a wider range of unit sizes to provide more affordability High quality projects
Slide 18: Landed residential
5 1 4 2 3 Landed residential Our portfolio of well-located, high quality landed residential projects allows us to broaden our customer reach and further diversifies our revenue base Ongoing development Serenia Hills Graha Natura Premium estate located on 26ha, Residential project in Lontar, West
Slide 19: Industrial Estate – Ngoro Industrial Park
5 1 4 2 3 Industrial Estate – Ngoro Industrial Park Our industrial estate in Ngoro allows locators to access East Java and is located in close proximity to key transport hubs (sea port and airport), with toll road and main road access Ngoro Industrial Park is a modern industrial estate complete with
Slide 20: Industrial Estate – Batang Industrial Park
5 1 4 2 3 Industrial Estate – Batang Industrial Park Our new industrial estate in Batang is well connected to West and East Java through Trans-Java toll and is a future key industrial hub of Central Java Batang Industrial Park is strategically located at Batang Region, Central Java Province, right a
Slide 21: Well-located portfolio within Central and Greater Jakarta
5 1 4 2 3 Well-located portfolio within Central and Greater Jakarta... Most of our ongoing/near term projects in Jakarta are located within 5-10km radius from CBD in well-established areas and supported by infrastructure developments 5km radius from Semanggi Tanjung Priok Port Interchange, CBD Inter
Slide 22: Poised to benefit from infrastructure developments
5 1 4 2 3 …poised to benefit from infrastructure developments Our portfolio stands to benefit from ongoing development of transit infrastructure (LRT/MRT) within Jakarta, which is expected to translate into stronger take-up/occupancy rates as well as higher average selling prices /rental rates MRT R
Slide 23: Poised to benefit from infrastructure developments
5 1 4 2 3 …poised to benefit from infrastructure developments 23
Slide 24: #LivingConnected Jakarta
5 1 4 2 3 #LivingConnected Jakarta 57 Promenade, CBD Jakarta Intiland Tower Jakarta, CBD Jakarta 1Park Avenue, Gandaria South Quarter, TB Simatupang South Grove, Lebak Bulus Serenia Hills, Lebak Bulus Poins, Lebak Bulus Pinang Residence, Pondok Pinang Talaga Bestari, Tangerang 24
Slide 25: Well-located portfolio in Central and West Surabaya
5 1 4 2 3 Well-located portfolio in Central and West Surabaya Our presence in Surabaya started with the Graha Famili project, which has become a market benchmark for high-end residential development, and extended into landed residential, mixed-use & high-rise projects, industrial estates as well as
Slide 26: Large land bank to sustain medium to long term development
5 1 4 2 3 Large land bank to sustain medium to long term development Large land bank of c. 2,043.5 ha (as of Sept 30, 2020) is sufficient to sustain ongoing developments for the next 20 years Land Surabaya & Undeveloped Land bank Land area (ha) Greater Undeveloped Land bank area (ha) Surabaya area M
Slide 27: Selling of Non-Core Assets
5 1 4 2 3 Selling of Non-Core Assets • Non-core assets are the assets that have not been planned to be developed in the next 5 years. Non-Core Assets • In line with the deleveraging strategy, the Company is focusing on selling the non-core assets to enhance the liquidity and profitability of the Com
Slide 28: Strong pipeline of high quality developments
5 1 4 2 3 Strong pipeline of high quality developments Historical marketing sales (2015-9M20) In billion Rupiah 2,935 531 2,284 483 505 1,619 1,558 192 1,320 569 6 81 530 784 648 1,921 642 1,210 20 897 768 474 591 149 2015 2016 2017 2018 2019 9M20 High Rise Landed Residential Industrial Estate 28
Slide 29: Growing recurring income base
5 1 4 2 3 Growing recurring income base… Our recurring revenue base has grown by more than 2x since 2015 Recurring Revenue (Rp'bn) % of total revenue Rp'bn 10.3% 15.3% 24.0% 23.4% 22.8% 21.2% 750 623 596 600 76 528 65 54 438 450 217 0 225 58 348 218 1 48 300 159 227 1 170 31 307 330 150 126 257 221
Slide 30: Underpinned by robust rental income streams
5 1 4 2 3 …underpinned by robust rental income streams… South Quarter is premised on the concept of sustainability and is one of the largest integrated mixed use developments in TB Simatupang corridor in South Jakarta, a popular business hub where many MNCs across multiple industries are located
Slide 31: A visible additional project pipeline
5 1 4 2 3 …and a visible additional project pipeline Upcoming projects contributing to future additional recurring income stream CBD Jakarta CBD Surabaya West Surabaya South Jakarta Phase 2 Phase 1 57 Promenade 57 Promenade Projects Praxis Spazio Tower Poins Phase I Phase II Office SGA: 48,509 sq.
Slide 32: Strong corporate governance & highly experienced management team
5 1 Strong corporate governance & highly experienced 4 2 3 management team Intiland is led by a highly experienced management team and board of commissioners Board of Commissioners Sinarto Lennard Ho Thio Gwan Jahya Friso Dharmawan Kian Guan Po Micky Asikin Palilingan President Vice President Indepe
Slide 33: Session 4 Key Financial
Session 4 Key Financial Graha Natura
Slide 34: Financial Performance
Financial Performance Revenue EBITDA1) in billion Rupiah in billion Rupiah 2,736 718 2,553 2,201 2,276 2,203 605 585 602 2,065 540 532 2015 2016 2017 2018 2019 9M20 2015 2016 2017 2018 2019 9M20 Net Profit Marketing Sales 2) In billion Rupiah In billion Rupiah 401 2,935 299 297 2,284 251 204 1,619 1
Slide 35: Segments Contribution
Segments Contribution Revenue Gross Profit Margin in IDR bn % of Revenue 2,065 1,854 55% 48% 36% 990 30% 31% 858 26% 23% 472 438 462 329 307 62 0 0% Mixed use Houses and Industrial Investment Other* Total Mixed use & Houses and Industrial Investment & high rise land Estate Properties high rise land
Slide 36: Financial Highlights
Financial Highlights 9M20 9M19 2019 2018 2017 2016 2015 in Rp billion YoY Growth in Rp billion Inhouse Inhouse Audited Audited Audited Audited Audited Revenue 2,065 1,854 11% Revenue 2,736 2,553 2,203 2,276 2,201 Gross Profit 826 646 28% Gross Profit 1,132 1,006 956 1,036 1,043 EBITDA 602 329 83% EB
Slide 37: Session 5 Appendix
Session 5 Appendix The Rosebay
Slide 38: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise CBD Jakarta South Jakarta North Jakarta CBD Surabaya 57 Promenade 1Park Avenue Regatta Praxis Launched: 2017 Launched: 2012 (Tower 1,2,3) Launched: 2014 Launched: 2013 Total Area: 3.0 ha 2015 (Tower 4) (Tower London & New York) Total Area: 1.1 ha (Phase 1 -
Slide 39: Development Income - Mixed Use & High Rise
Development Income - Mixed Use & High Rise South Jakarta West Surabaya West Surabaya West Surabaya SQ Res Rosebay Spazio Tower Graha Golf Launched: 2018 Total Area: +/- 1ha Launched: 2014 Launched: 2015 Total Area : 1.3 ha Ownership: 75% Total Area: 0.5 ha Total Area: 2.4 ha Infrastructure: MRT, Tol
Slide 40: Development Income – High Rise & Landed Residential
Development Income – High Rise & Landed Residential CBD Surabaya Tangerang South Jakarta Masterplan Sumatra 36 Talaga Bestari South Grove Launched: 2011 Launched: 1995 Total Area: 0.5 ha Type: High Rise Infrastructure: Future Toll Road, Future MRT Ownership: 100% Total Area: 0.2 ha Land bank: 76 ha
Slide 41: Development Income - Landed Residential
Development Income - Landed Residential South Jakarta West Surabaya Serenia Hills Graha Natura Phase 1 Phase 1 Phase 2 Development Cluster GLA Launched Sold Plan Type Residential Residential Cluster A 5.9 ha 2010 105 units 97% Land Area 10 ha 16 ha Cluster B 5.4 ha 2010 85 units 99% Development Plan
Slide 42: Development Income - Mixed Use & High-Rise
Development Income - Mixed Use & High-Rise Tangerang Aeropolis Type: Mixed used & high rise Year Year Total Total Sold ASP 9M20 Construction Projects Launched Launched Completed (Unit) (Sqm) (Sqm) (Rp mn/m2) (%) Aeropolis Residence 1 & 2011 2014 1,299 25,126 22,898 13.2 100% Commercial Park Aeropoli
Slide 43: Development Income - Industrial Estate
Development Income - Industrial Estate Mokokerto, East Java Batang, Central Java Ngoro Industrial Park Batang Industrial Park Total Development: 505 ha Tenancy Development plan: 500 ha Launched: 1991 (1st phase) Unicharm, Mitsui-Soko, Hitachi, HB Fuller, 1st phase development: 280 ha 2010 (2nd phase
Slide 44: Recurring Income
Recurring Income South Jakarta CBD Jakarta CBD Surabaya West Surabaya South Quarter Intiland Tower Jakarta Intiland Tower Surabaya Spazio Launched: 2012 Ownership: 100% Total area: 0.5 ha Launched: 2010 Infrastructure: MRT, Shuttle Bus, Total area: 0.8 ha Ownership: 100% Total area: 0.8 ha Toll Road
Slide 45: Recurring Income Pipeline Projects
Recurring Income Pipeline Projects Major Cities in Indonesia West Surabaya West Jakarta Intiwhiz Hotel Chain Tierra West One City The Company, through its subsidiary Ownership: 100% Ownership: 40% PT Intiwhiz International, has embarked Total area: 6.3 ha Total area: 21 ha on hospitality business by
Slide 46: Thank You
| | THANK YOU
Slide 47: Contact Us
Contact Us Nathan Tanugraha nathan.tanugraha@intiland.com Investor Relations PT Intiland Development Tbk Intiland Tower, Penthouse Floor Jl. Jend. Sudirman 32 Jakarta 10220 Indonesia Tel : +62 21 5701912 Fax: +62 21 5700015 www.intiland.com