Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — H1 2024 Earnings Presentation
92 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, Apr 28, 2025
Slide 1: Review First Semester 2024
PT Surya Semesta Internusa Tbk (“SSIA”) Review First Semester 2024 www.suryainternusa.com building a better indonesia 0
Slide 2: Table of Contents
Table of Contents Surya Semesta Internusa 1H24 in Summary Of Business Segments SSIA In Summary PROPERTY • Development & management of industrial Significant Events estates, real estate, buildings and commercial centers SSIA’s Sustainability CONSTRUCTION 1H24 Financial Highlights 1Q24 • General contr
Slide 3: Surya Semesta Internusa in Summary
1 Surya Semesta Internusa in Summary building a better indonesia 2
Slide 4: Corporate Structure and Key Projects
Corporate Structure and Key Projects PT Surya Semesta Internusa Tbk Market cap: IDR 5.0tn / US$ 303mn 63.5% 100% 66.0% 100% 86.8% 100% PT Nusa PT Sitiagung Raya Cipta Makmur Tbk (asset owner) PT Suryalaya PT Surya PT Suryacipta PT TCP Market Cap: PT Ungasan Anindita Internusa Swadaya Internusa IDR 8
Slide 5: 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 6: Company Highlights
Surya Semesta Internusa in Summary Company Highlights Shareholding Structure • Established and commenced operations in 1971, SSIA’s primary businesses 8,7% PT Arman Investments Utama 8,4% are in construction, property and hospitality sectors Intrepid Investments Limited 8,0% PT Persada Capital Inves
Slide 7: Operating track record and significant growth since IPO
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 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: Significant Events FY2023 - YTD 2024
Significant Events FY2023 - YTD 2024 building a better indonesia 9
Slide 11: Significant Event Jan 2023
Significant Event Jan 2023 Toll Road Patimban Access - National Strategic Project 1. Project Scheme ➢ Private-Public Partnership (PPP) with Supported Build Operate Transfer (BOT) scheme ➢ Total length: 37.05 km (5 Sections), construction part: ➢ Section 1 & 2 (14 km) : PT Jasamarga Akses Patimban ➢
Slide 12: Subang Smartpolitan
Subang Smartpolitan Patimban Access Toll Road Patimban Seaport + 40 km Jakarta – Surabaya Railroad (direct access via Patimban Toll Road) KM89 Intersection ▪ Direct Toll Access ▪ Cipali Toll Road and Patimban Toll Road Interchange KM98 Exit Jakarta + 90 km Alternative Access Bandung + 90 km Kertajat
Slide 13: Significant Event April 2023
Significant Event April 2023 Joint Ceremony – Singing of collaboration agreement between PLN and stratergic partner, PT Suryacipta Swadaya 5 April 2023 - Cooperation in the supply and distribution of Indonesia’s Travelio has raised an undisclosed Series C electricity for Subang Smartpolitan Integrat
Slide 14: Significant Event November 2023
Significant Event November 2023 Jakarta, 22 November 2023 – Ungasan, Bali 23 November 2023 – Signing a syndicated loan facility agreement between SSIA, SSIA and Hilton Debuts Umana Bali, the First LXR Hotels & PT Sarana Multi Infrastruktur, Bank Central Asia – valued Resorts in Southeast Asia Rp1.5
Slide 15: 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 14
Slide 16: 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 Rp2.8 trillion for the transaction Jakarta, 23 June 2024 - The Extraordinary General Meeting of Shareholders (EGMS) of PT Surya Semesta Internusa Tbk (SSIA) has approved the plan to sell part of the company's
Slide 17: 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 1,77
Slide 18: 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 1,019 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 SSIA,
Slide 19: SSIA's Sustainability
SSIA’s Sustainability building a better indonesia 18
Slide 20: 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: ESG Pillars SSIA ESG Material Issues Product • Product and Service Quality Sustainability is an integrated part of SSIA’s Delivering sustainable • Custome
Slide 21: Sustainability Achievement 2023
Sustainability Achievement 2023 building a better indonesia 20
Slide 22: Review 1H24
Review 1H24 building a better indonesia 21
Slide 23: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (1H23) Revenue Across Business Segments (1H24) IDR 1,838bn IDR 2,342bn Property 13% Property 12% Construction 65% Construction 67% Hospitality 21% Hospitality 21% Property 0,0% 20,0% 40,0% 60,0% 80,0% 0,0% 20,0% 40,0% 60,0% 80,0% Cons
Slide 24: 1H24 Financial Highlights
1H24 Financial Highlights Consolidated Revenue Gross Profit (IH23 vs 1H24, IDR Billions) (1H23 vs 1H24, IDR Billions) 2.342 620 1.838 454 1H23 1H24 1H23 1H24 EBITDA Net Income (1H23 vs 1H24, IDR Billions) (1H22 vs 1H23, IDR Billions) 1H23 1H24 287 106 184 -51 1H23 1H24 building a better indonesia 23
Slide 25: 1H24 Financial Highlights
1H24 Financial Highlights Property Segment Revenue (1H23 vs 1H24, IDR Billions) 255 282 1H23 1H24 Construction Segment Revenue Hospitality Segment Revenue (1H23 vs 1H24, IDR Billions) (1H23 vs 1H24, IDR Billions) 1.602 509 1.238 397 1H23 1H24 1H23 1H24 building a better indonesia 24
Slide 26: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2018-1H24, IDR Billions) 4,538 4,006 905 3,682 3,615 811 803 2,947 595 220 2,353 2,342 191 2.886 1,838 509 2.611 2.456 2.454 2.082 397 1.665 1.602 1.238 854 255 282 442 588 652 520 623 2018 2019 2020 2021 2022 2023 1H23 1H24 Property Construc
Slide 27: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 54,8% 80% 62,4% 64,4% 63,0% 65,8% 49,8% 60% 50% 48,4% 47,4% 41,6% 40% 20% 40% 36,1% 0% 2021 2022 2023 1H23 1H24 30% Construction Gross Margins(1) % 15% 20% 11,4% 11,1% 11,0% 10,8% 10,0% 10% 10% 5% 0% 0% 2021 2022 2023 1
Slide 28: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2019 2020 2021 2022 2023 1H23 1H24 Revenue 4,006 2,947 2,353 3,615 4,538 1,838 2,342 Revenue Growth 9% -26% -20% 54% 26% 19% 27% Gross Profit 1,091 635 517 918 1,327 454 620 Gross Profit Margin 27% 22% 22% 25% 29% 25% 27% EBITDA 533 2
Slide 29: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 1H23 1H24 Property 588 652 520 623 854 255 282 Segment 15% 22% 22% 17% 18% 14% 12% percentage Construction 2,611 2,082 1,665 2,456 2,886 1,238 1,602 Segment 65% 71% 70% 67% 62% 66% 67% percentage
Slide 30: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 1H23 1H24 Property 244 281 202 221 370 41 65 Segment percentage 42% 94% 90% 43% 45% 18% 21% Construction 163 130 100 171 205 85 102 Segment percentage 28% 44% 45% 33% 25% 38% 33% Hospitality 177 -
Slide 31: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment (in IDR Billions) 2019 2020 2021 2022 2023 1H23 1H24 Property 159 104 9 35 206 -36 67 Segment 58% -341% -8% 51% 55% -111% 40% percentage Construction 105 59 55 75 100 50 54 Segment 39% -194% -47% 109% 26% 153% 32% percentage Hospitalit
Slide 32: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 1H24 Current Assets 4,058 3,004 3,008 3,325 3,235 6,059 Cash & ST Investments 1,527 851 782 1,136 1,219 3,713 Account Receivables 1,515 1,419 1,405 1,542 1,443 1,566 Inventories 422 490 553 376 314 304 Othe
Slide 33: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2019 2020 2021 2022 2023 1H24 Bank/Third parties Loan IDR denominated in IDR Billions 1,194 1,305 1,245 1,514 2,526 2,059 US$ denominated in IDR Billions 662(1) 676(1) 1,059(1) 1,034(1) - - Total Debt in IDR Billions 1,856 1,981 2,304 2,5
Slide 34: FY24 Outlook
2 FY24 Outlook building a better indonesia 33
Slide 35: Macro Economic Condition
Macro Economic Condition Global Economic Growth Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation using Jul 2024 IMF Outlook *2024F-2025F using Jul 2024 IMF Outlook *2024F-2025F using Apr 2024 IMF Outlook 10,0 8,9 Advanced EMDE 7,4 8,1 8,4
Slide 36: Macroeconomic Trends
Macroeconomic Trends Layoff Wave Strains Automotive Industry In Bali Tourism Surges, Hotels Q3 Growth Anticipated Indonesian Finances Decline Poised for Strong Growth Below 5% o The wave of layoffs (PHK) in o Car sales stagnated at around 1M o Bali's tourism has surged, o Indonesia's economic growth
Slide 37: Review of Business Segments
3 Review of Business Segments building a better indonesia 36
Slide 38: Property
PROPERTY 2.1 - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) building a better indonesia 37
Slide 39: 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) 100 96 480 45,6 90 430 84 80 38,5 380 70 330 62 60 57 55 280 30,6 28,7 209 220 214 50 230 27,2 40 213 180 191 30 24 130 74 50,3 45,6 20 80 28,7 31,1 11,0 10 28,
Slide 40: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q2 2024 Research. Note: IDR16,174 = 1 USD building a better indonesia 39
Slide 41: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q2 2024 Research. Note: IDR16,174 = 1 USD building a better indonesia 40
Slide 42: 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 43: 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 44: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Patimban Soekarno-Hatta 5 Seaport International Airport 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 45: Property Business Segment
Property Business Segment Suryacipta Karawang & Subang Smartpolitan ASP (in thousand Rp / sqm) 1.967 1.788 1.775 1.851 1.911 1.478 602 2017 2018 2019 2020 2021 2022 2023 Property Business Segment Revenue (2018-1H24, IDR Billions) 854 169 652 623 588 59 520 126 71 299 442 236 92 71 220 290 282 263 25
Slide 46: 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 47: 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 Warehouse & Logistics; 4,6% Textile & Garment; 1,0% Steel & Metal; 4,0% Europe & Pharmaceutical US; 9% ; 2,3% Other; 3,9% Japan; Asia 49% exclude Oil & Gas; 0
Slide 48: Industrial Estate Review: Marketing Sales
Business Segment Property: Industrial Estate Review Marketing Sales Land Sales Location 2018 2019 2020 2021 2022 2023 1H23 1H24 Suryacipta Karawang (ha) 8.3 17.8 5.6 10.1 10.0 18.2 1.0 13.1 - - - - - 119.2 2.0 2.3 Subang Smartpolitan (ha) 1 - 86.2 3.2 3.7 4.2 5.0 0.9 9.1 Others* (ha) TOTAL Sales Val
Slide 49: Industrial Estate Review: Accounting Sales
Business Segment Property: Industrial Estate Review Accounting Sales Land Sales Location 2018 2019 2020 2021 2022 2023 1H23 1H24 8.7 17.1 6.2 8.8 10.2 17.2 - 3.6 Suryacipta Karawang (ha) 2.3 - - Subang Smartpolitan (ha) 1 2.3 84.0 4.2 5.2 2.6 2.2 9.1 Others* (ha) TOTAL Sales Value 154 297 357 166 20
Slide 50: Edenhaus Simatupang
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses Edenhaus Marketing Sales ✓ 41 units (Rp299 billion) sold per 1H24 (unit) 37 units (Rp269 bn) booked as Revenue as of 1H24 10 9 14 6 2 FY20 FY21 FY22 FY23 1H24 building a better indonesia 49
Slide 51: Glodok Plaza & Edenhaus Simatupang
Business Segment Property: Glodok Plaza & Edenhaus Simatupang Occupancy Rate (%) – Glodok Plaza Revenue (in IDR billions) – TCP INTERNUSA 90% 200 82% 82% 83% 80% 79% 80% 180 169 70% 160 140 60% 126 120 50% 105 100 40% 80 74 30% 60 20% 40 25 10% 20 0% 0 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H
Slide 52: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue (in IDR 2018 2019 2020 2021 2022 2023 1H23 1H24 Billions) Industrial Estate (SCS) 154 297 357 166 207 386 8 99 Land Sales Industrial Estate (SCS) 217 220 236 263 290 299 142 158 Non-Land Rental Property 71 71 59 92 126 169 105 25 (TCP & Others) TO
Slide 53: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 1H23 1H24 Revenue 652 520 623 854 255 282 442 588 Revenue Growth 7% 33% 11% -20% 20% 37% 11% 11% Gross Profit 339 259 468 92 137 225 307 295 Gross Margin 51% 52% 52% 50% 47% 55% 36% 48% EBITDA 175 281 20
Slide 54: 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 53
Slide 55: Subang Smartpolitan
ii SUBANG SMARTPOLITAN BY SURYACIPT Aisa = Sw eS 9 OW rr surmncitra sionva _
Slide 56: 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); JA AR A ▪ Direct Access to Patimban Seaport; ▪ Direct Access to West Java International Airport (Kertajati); BAN EN ▪ Connec
Slide 57: Subang Smartpolitan Accessibility
Subang Smartpolitan Accessibility Pringkasap Station Patimban Seaport + 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 58: 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 : Q4 2024 Leverages technology and Toll Road to Patimban IOT to promote efficiency and - Development : Q4 2024 security. -
Slide 59: Masterplan
MASTERPLAN Patimban Toll Road Q1 2026 (direct access to Patimban Seaport) Capacity No Item Schedule (1st Stage) 1 Access road Dec 2024 (permanent road) 2 Toll Exit Q1 2026 Dec 2024 Toll gate Q1 2026 3 Electricity Supply Jan 2026 4 Water Treatment Plant Sep 2024 5,000 M3/day Direct Access from Cipali
Slide 60: 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 61: 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 Education and Business Connectivity Community Pillars Innovation (Subang A place for An integrated platfo
Slide 62: 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 63: Smart & Sustainable Water – Sensor Monitoring System
Subang Smarpolitan Smart & Sustainable Water – Sensor Monitoring System Data transmission via internet Cloud Server Proceed Monitoring Central Coordinator Maintenance Station (GSM/GPRS module, micro controller) Pressure change detected ! Leaked Pipes Problem Fixed Pressure and Water distribution sys
Slide 64: 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 infrastructures distribution. • Biomass ass
Slide 65: 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 32% 600 K 600 K 600 K Patimba n 350 K 350 K 350 K 350 K Tanjung Priok 218 K 68% Sou
Slide 66: Patimban Seaport Development Masterplan
Subang Smartpolitan Patimban Seaport Development Masterplan Phase I-1 Phase II • Container Terminal: • Container Terminal: 250,000 TEUs 5,000,000 TEUs • Car Terminal : • Car Terminal: 218,000 CBU 600,000 CBU • Draft: 10m 2023-2025 2028-2032 2018-2021 2025-2027 Phase I-2 Phase III • Container Termina
Slide 67: Construction - PT Nusa Raya Cipta Tbk
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 66
Slide 68: 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 69: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2019-2023, Revenue, IDR Trillions) (1H23-1H24, Revenue, IDR Trillions) 3,0 5,0 2,9 1,60 4,0 1,40 2,3 1,20 1,20 3,0 1,10 0,80 2,0 1,2 0,50 1,0 0,3 0,30 0,20 0,0 - 2019 2020 2021 2022 2023 1H23 1H24 Nusa Raya Cipta Jaya
Slide 70: Construction: Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects (in IDR Billions) 2021 2022 2023 1H23 1H24 New Contract Classification (in IDR billions) 2,679 2,352 2,925 1,686 2,268 Contract on hand - 2,321 3,202 3,129 3,129 3,088 6% beginning 16% 6% 16% 24% 10% 16% 13% 12% 1% 15% Contract
Slide 71: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2019 2020 2021 2022 2023 1H23 1H24 Revenue 2,618 2,086 1,670 2,462 2,896 1,241 1,606 Revenue Growth 7% -20% -20% 47% 18% 7% 29% Gross Profit 274 229 190 266 321 138 162 Gross Margin 10% 11% 11% 11% 11% 11% 10% Income from JO -1 -6 -1
Slide 72: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2019 2020 2021 2022 2023 1H24 Assets Cash & Cash Equivalents 689 578 496 647 615 591 Account Receivable 1,468 1,381 1,400 1,552 1,464 1,590 Project Advance 34 22 33 33 15 40 Others 272 241 214 223 242 257 Total Assets 2,463 2,221 2,14
Slide 73: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Condotel Cihampelas Walk - Bandung JHL Office S8 - Gading Serpong Creativo Bintaro - Tangerang Indigo Hotel Dago Pakar Resort DP Mall Expansion - Semarang Hilton Hotel - Padalarang - Bandung building a better indonesia 72
Slide 74: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 73
Slide 75: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q2 2024 Research & STR Global building a better indonesia 74
Slide 76: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q2 2024 Research & STR Global building a better indonesia 75
Slide 77: Hospitality: 7 hotels
HOSPITALITY Melia Bali Hotel 3hotels 961rooms Gran Melia Jakarta Umana Bali BATIQA Hotels TOTAL 7hotels 1820rooms 859rooms building a better indonesia 76
Slide 78: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2018-1H24, IDR Billions) (2020-1H24, %) 90% 81,6% 80% 906 70% 66,9% 60% 61,7% 803 811 121 50% 40% 39,5% 30% 97 101 57 20% 10% 144 595 0% 144 2020 2021 2022 2023 1H23 1H24 102 509 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA 38 60 550 397
Slide 79: Hospitality Business: ARR and RevPAR
Hospitality Business ARR (Rp) 2020 2021 2022 2023 1H23 1H24 GMJ 1,042 803 1,041 1,156 1,137 1,094 MBH 1,468 671 1,696 2,061 1,800 2,227 JBUR 5,714 4,672 6,572 7,888 7,309 9,049 BATIQA 303 322 344 364 357 364 Room RevPAR (thousand Rp) GMJ 160 237 483 642 548 676 MBH 262 84 972 1,658 1,444 1,817 JBUR
Slide 80: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 2023 1H23 1H24 Revenue 803 811 220 191 595 905 397 509 Revenue Growth 15% 1% -73% -13% 211% 52% 122% 28% Gross Profit 519 515 75 80 371 583 250 334 Gross Margin 65% 64% 34% 42% 62% 64% 63% 66% EBITDA 186 177 -
Slide 81: Hospitality: 7 hotels
HOSPITALITY Melia Bali Hotel 3hotels 961rooms Gran Melia Jakarta Umana Bali BATIQA Hotels TOTAL 7hotels 1820rooms 859rooms building a better indonesia 80
Slide 82: Hospitality 2024 Outlook: Melia Bali and Gran Melia Jakarta
HOSPITALITY 2024 OUTLOOK Melia Bali Hotel Average Room Rate (in million Rp) Room Occupancy (%) 80 79 2,06 2,09 1,69 57 1,47 0,67 18 12 FY20 FY21 FY22 FY23 FY24F FY20 FY21 FY22 FY23 FY24F Gran Melia Jakarta Average Room Rate (in million Rp) Room Occupancy (%) 1,16 1,21 56 56 1,04 1,04 46 0,80 30 15 F
Slide 83: Hospitality 2024 Outlook: Umana Bali and BATIQA
HOSPITALITY 2024 OUTLOOK Average Room Rate Room Occupancy Umana Bali (in million Rp) (%) 10,67 61 7,89 6,57 5,71 4,67 15 15 21 7 FY20 FY21 FY22 FY23 FY24F FY20 FY21 FY22 FY23 FY24F BATIQA Hotels Average Room Rate (in thousand Rp) Room Occupancy (%) 364 371 344 71 303 322 66 61 50 39 FY20 FY21 FY22 F
Slide 84: Travelio's 1H-24 Achievements & FY-24 Targets
Travelio’s 1H-24 Achievements & FY-24 Targets Company GMV Net Live Units Growth within the Next 6 Months (In IDR Mio) 718.143 2.3x 1H-24 FY-24 14,960 16,189 306.320 Apartments Apartments 3,229 2,832 Houses Houses 1H-24 (Actual) FY-24 (Budget) 1H-24 Highlights: +20% YoY +1,436 22,804 1,500,473 Mid-Lo
Slide 85: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia 84
Slide 86: 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 85
Slide 87: Photos of UMANA BALI, LXR Hotels & Resorts
Photos of UMANA BALI, LXR Hotels & Resorts Resorts Aerial (Day) Tropical Garden Pool Villa Panoramic Ocean Pool Villa Commune (Outdoor - Day) Pad (Indoor - Night) Main Pool (Day) building a better indonesia 86
Slide 88: 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 87
Slide 89: Summary
SUMMARY Subang is SSIA’s Subang will stimulate NRCA will leverage SSIA to generate In the long run - main catalyst Indonesia Economic its expertise in higher growth in Jump in recurring Growth in 2030 industrial & hospitality post income through residential township rebranding and Subang Infrastruct
Slide 90: Perhitungan NAV SSIA
Perhitungan NAV SSIA Company Asset Descriptions In BIllion IDR Rp/Share SCS Karawang & Subang (63.5%) 11,234 Land in Kuningan TCP 2,831 3,115 (incl. Gran Melia + Land) Glodok Plaza 577 NRC NRCA Equity valuation (66%) 791 480 SAI Melia Bali Hotel (87%) 2,373 SAM UMANA, LXR 1,021 SIH BATIQA Hotels 636
Slide 91: 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 92: building a better indonesia
building a better indonesia 91
PT Surya Semesta Internusa — H1 2024 Earnings Presentation on 6ix