Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — H1 2023 Earnings Presentation
71 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, 2023
Slide 1: Review First Semester 2023
PT Surya Semesta Internusa Tbk (“SSIA”) Review First Semester 2023 www.suryainternusa.com building a better indonesia 0
Slide 2: Table of Contents
Table of Contents Surya Semesta Internusa in Summary Review of Business Segments • Milestone • Major Subsidiaries, PROPERTY Shareholders & Management • PT Suryacipta Swadaya (“SCS”) • Investment Portfolio • PT TCP Internusa (“TCP”) • Strategic Roadmap • PT Sitiagung Makmur (“SAM”) • Sustainability S
Slide 3: Surya Semesta Internusa in Summary
1 Surya Semesta Internusa in Summary building a better indonesia 2
Slide 4: PT Surya Semesta Internusa Tbk milestones
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 5: Company Highlights
Surya Semesta Internusa in Summary Company Highlights Shareholding Structure 8.8% • Established and commenced operations in 1971, SSIA’s primary businesses 8.1% PT Arman Investments Utama are in construction, property and hospitality sectors PT Persada Capital Investama 8.5% Intrepid Investments Lim
Slide 6: 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 7: Corporate Structure and Key Projects
Corporate Structure and Key Projects PT Surya Semesta Internusa Tbk Market cap: IDR 2.2tn / US$ 143mn 100% 100% 100% 66.0% 100% 86.8% 100% PT Nusa Raya Cipta PT Sitiagung Tbk PT Ungasan PT TCP PT Suryalaya PT Surya PT Suryacipta Makmur Market Cap: Semesta Internusa Anindita Internusa Swadaya (asset
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: SSIA's Sustainability: 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: 2022 Sustainability Highlights: Sustainability is an integrated part of SSIA’s • Suryacipta received highest rank in Eco Industrial Park by business. Alig
Slide 11: ESG Parameter for 2023-2027 SSIA Group
ESG Parameter for 2023-2027 SSIA Group ESG Pillars SSIA ESG Material Issues Group-wide Parameter / Target Product • Product and Service Quality • Maintain customer satisfaction score >80 across business • Implement innovative green building solutions Delivering sustainable • Customer Health and Safe
Slide 12: Macro Economic Condition
Macro Economic Condition Advanced & Emerging Market and Developing Economic Growth Advanced & Emerging Market and Developing Inflation Global Economic Growth *2023F-2024F using June 2023 World Bank Outlook *2023F-2024F using Apr 2023 IMF Outlook *2023F-2024F using June 2023 World Bank Outlook Advanc
Slide 13: Overall Macro Trends
Overall Macro Trends Global Food Insecurity Global Debt Crisis Artificial Intelligence Renewable Energy o Russia quit Black Sea Grain o Global debt is currently o AI adoption globally is 2.5x o Global investment in clean Deal – Wheat price jumped 2.7% reaching $305 trillion, $45 higher today than in
Slide 14: Overview of Key Business Segment
Overview of Key Business Segment Revenue Across Business Segments (1H22) Revenue Across Business Segments (1H23) IDR 1,549bn IDR 1,838bn Property 15% Property 13% Construction 74% Construction 65% Hospitality 11% 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 15: 1H23 Financial Highlights
1H23 Financial Highlights Consolidated Revenue Gross Profit (IH22 vs 1H23, IDR Billions) (1H22 vs 1H23, IDR Billions) 1,838 454 1,549 295 1H22 1H23 1H22 1H23 EBITDA Net Income (1H22 vs 1H23, IDR Billions) (1H22 vs 1H23, IDR Billions) 1H22 1H23 184 80 92 -51 1H22 1H23 building a better indonesia 14
Slide 16: 1H23 Financial Highlights
1H23 Financial Highlights Property Segment Revenue (1H22 vs 1H23, IDR Billions) 230 255 1H22 1H23 Construction Segment Revenue Hospitality Segment Revenue (1H22 vs 1H23, IDR Billions) (1H22 vs 1H23, IDR Billions) 1,238 397 1,155 179 1H22 1H23 1H22 1H23 building a better indonesia 15
Slide 17: Established Track Record as a Group
Established Track Record as a Group Consolidated Revenue (2017-1H23, IDR Billions) 3,682 4,006 3,615 3,274 811 2,947 803 595 2,353 697 220 1,838 191 1,549 2,611 2,456 2,454 2,082 397 2,164 179 1,665 1,155 1,238 230 255 414 442 588 652 520 623 2017 2018 2019 2020 2021 2022 1H22 1H23 Property Construc
Slide 18: Attractive Gross Margins
Attractive Gross Margins Hotel Gross Margins % Property Gross Margins % 100% 60% 80% 52.0% 62.4% 63.0% 49.8% 60% 52.6% 50% 47.4% 41.6% 40% 34.1% 20% 40% 36.1% 0% 34.9% 2020 2021 2022 1H22 1H23 30% Construction Gross Margins(1) % 15% 20% 10.9% 11.3% 11.0% 11.1% 10.8% 10% 10% 5% 0% 0% 2020 2021 2022 1
Slide 19: Consolidated Profit & Loss
Financial Highlights Consolidated Profit & Loss (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Revenue 3,274 3,682 4,006 2,947 2,353 3,615 1,549 1,838 Revenue Growth -14% 12% 9% -26% -20% 54% 78% 19% Gross Profit 864 981 1,091 635 517 918 295 454 Gross Profit Margin 26% 27% 27% 22% 22% 25
Slide 20: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Property 414 442 588 652 520 623 230 255 Segment 13% 12% 15% 22% 22% 17% 15% 14% percentage Construction 2,164 2,454 2,611 2,082 1,665 2,456 1,155 1,238 Segment 66% 66% 65% 71% 70%
Slide 21: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Property 139 175 244 281 202 221 46 41 Segment 31% 32% 42% 94% 90% 43% 37% 18% percentage Construction 157 184 163 130 100 171 83 85 Segment 35% 34% 28% 44% 45% 33% 67% 38% percenta
Slide 22: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Property 80 127 159 104 9 35 -52 -36 Segment 48% 49% 58% -341% -8% 51% 72% -111% percentage Construction 153 123 105 59 55 75 45 50 Segment 92% 48% 39% -194% -47% 109% -63% 153%
Slide 23: Consolidated Balance Sheet
Financial Highlights - Consolidated Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 1H23 Current Assets 3,459 4,058 3,004 3,008 3,325 2,820 Cash & ST Investments 1,372 1,527 851 782 1,136 819 Account Receivables 1,239 1,515 1,419 1,405 1,542 1,347 Inventories 463 422 490 553 376 365 Other-Cur
Slide 24: Key Performance Ratios
Financial Highlights - Key Performance Ratios In IDR Billions 2018 2019 2020 2021 2022 1H23 Bank/Third parties Loan IDR denominated in IDR Billions 1,507 1,194 1,305 1,245 1,514 1,406 (1) (1) (1) (1) (1) US$ denominated in IDR Billions - 662 676 1,059 1,034 874 Total Debt in IDR Billions 1,507 1,856
Slide 25: Review of Business Segments
2 Review of Business Segments building a better indonesia 24
Slide 26: PROPERTY
PROPERTY 2.1 - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) building a better indonesia 25
Slide 27: 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) 84 86 480 38.5 76 430 380 66 62 57 54 30.6 330 56 28.7 25.8 280 46 274 41 213 191 230 36 19.1 180 209 24 26 115 45.6 130 11.0 16 31.1 74 28.2 28.7 80 21.6 6 30
Slide 28: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q2 2023 Research building a better indonesia 27
Slide 29: Industrial Sector Fundamentals
INDUSTRIAL SECTOR FUNDAMENTALS Source: Colliers Q1 2023 Research building a better indonesia 28
Slide 30: Low Risk Capital Effective Business Model (Industrial/Property)
Low Risk Capital Effective 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
Slide 31: PT Suryacipta Swadaya: 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 32: PT Suryacipta Swadaya: Infrastructures Surrounding the Projects
PT Suryacipta Swadaya Infrastructures Surrounding the Projects Patimban 5 Seaport Soekarno-Hatta Suryacipta City of Industry Subang Smartpolitan International Airport Tanjung Priok 1 Jakarta-Surabaya High Speed Railway Seaport 2 Jakarta-Cikampek Elevated Toll Road KM KM To Central & KM KM KM KM KM K
Slide 33: Property Business Segment
Property Business Segment Suryacipta City of Industry ASP (in thousand Rp / sqm) 1,967 1,788 1,775 1,815 1,776 1,478 602 2017 2018 2019 2020 2021 2022 1H23 Property Business Segment Revenue (2017-1H23, IDR Billions) 652 588 623 59 520 442 71 126 414 91 55 71 230 255 593 517 497 429 17 105 359 371 21
Slide 34: 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 35: Tenant Landbank by Sector and Country
High Quality Projects in Suryacipta City of Industry Well-Diversified Current Tenant Mix Tenant Landbank by Sector Tenant Landbank by Country Home Appliance, 1.0% Logistics/Warehousing, 1.0% Textiles, 1.0% Chemical, 0.4% Europe & Electronics, US, 9% 1.6% Others, 0.1% Pharmaceutical, Construction, 2.
Slide 36: Property: Industrial Estate Review
Business Segment Property: Industrial Estate Review In 2010, government support for industrialization leads to higher FDI inflow and expansion of domestic manufacturers as they have fully utilized their capacity, spurs demand for land in industrial estate Marketing 2017 2018 20191 2020 2021 2022 1H2
Slide 37: Property: Edenhaus Simatupang
Business Segment Property: Edenhaus Simatupang (By TCP INTERNUSA) ✓ 41 boutique houses (~Rp300 billion) Edenhaus Marketing Sales ✓ 40 units (Rp290 billion) sold per 1H23 (unit) 32 units (Rp229 bn) booked as Revenue 7 10 9 14 FY20 FY21 FY22 1H23 building a better indonesia 36
Slide 38: Property: Glodok Plaza & Edenhaus Simatupang
Business Segment Property: Glodok Plaza & Edenhaus Simatupang Occupancy Rate (%) – Glodok Plaza Revenue (in IDR billions) – TCP INTERNUSA 90% 82% 83% 80% 81% 140 80% 76% 126 70% 120 105 60% 100 50% 80 74 40% 60 30% 44 40 20% 20 17 10% 0% 0 2020 2021 2022 1H22 1H23 2020 2021 2022 1H22 1H23 building a
Slide 39: Property: Revenue Breakdown
Business Segment Property: Revenue Breakdown Revenue (in IDR 2017 2018 2019 2020 2021 2022 1H22 1H23 Billions) Industrial Estate (SCS) 176 154 297 357 166 207 75 8 Land Sales Industrial Estate (SCS) 183 217 220 236 263 290 139 142 Non-Land Rental Property 55 71 71 59 92 126 17 105 (TCP & Others) TOT
Slide 40: Property: Operating Result
Financial Highlights Property : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Revenue 414 442 588 652 520 623 230 255 Revenue Growth -37% 7% 33% 11% -20% 20% 52% 11% Gross Profit 202 225 307 339 259 295 80 92 Gross Margin 49% 51% 52% 52% 50% 47% 35% 36% EBITDA 139 175 24
Slide 41: 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 40
Slide 42: Subang Smartpolitan
ii SUBANG == SMARTPOLITATS BY SURYACIPT Agia = wy) ye C Q 9 oO PT. SURYACIPTA SWADAYA | 41 _—_
Slide 43: Subang Smartpolitan: Location
Subang Smartpolitan Location Strategic Location ▪ The future of industrial corridor; ▪ Within the Rebana Metropilitan; ▪ 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 44: 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 : Q3 2024 Leverages technology and Toll Road to Patimban IOT to promote efficiency and - Development : Q4 2023 security. -
Slide 45: Subang Smartpolitan: Accessibility
Subang Smartpolitan Accessibility Pringkasap Station Patimban Seaport + 40 km (direct access via Patimban Toll Road) Toll Gate (2024) ▪ Direct Toll Access Jakarta - Surabaya Railroad (existing) Direct toll access via KM89 Intersection (2024) Cikopo-Palimanan (Cipali) Toll Road Cipali - Patimban Toll
Slide 46: Masterplan
MASTERPLAN ▪ Subang Smartpolitan is directly accessible via Cikopo- Palimanan (Cipali) Toll Road at Cipali Interchange at Patimban Toll Road Km89. (direct access to Patimban Seaport) ▪ From Kalijati Exit (Km98), Subang Smartpolitan is approximately 13Km (25mins). Direct Access from Cipali-Patimban T
Slide 47: 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 propo
Slide 48: 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 & Pillars Business Connectivity Innovation Community (Subang Smartpolitan A place for An integr
Slide 49: Components of the township that bring the vision to life
Components of the township that ‘bring the vision to life’ To be the pioneer of smart and sustainable city, driving innovation for business and community, to give the future a better place Education & Business Connectivity Community Innovation Strategic Location & Industrial Area Education Center Sm
Slide 50: Subang Smartpolitan: 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 51: 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 2021-2023 2026-2027 2018-2021 2024-2025 Phase I-2 Phase III • Container Terminal: • Containe
Slide 52: CONSTRUCTION - PT Nusa Raya Cipta Tbk
2.2 CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRCA”) building a better indonesia 51
Slide 53: Low Risk Capital Effective Business Model (Construction)
Low Risk Capital Effective 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
Slide 54: Construction Business
Construction Business Top Five Largest Market Share Top Five Largest Market Share (2019-1H23, Revenue, IDR Trillions) (1H22-1H23, Revenue, IDR Trillions) 5.0 1.20 1.20 1.20 1.10 4.0 1.2 0.80 3.0 1.2 0.60 0.50 0.50 2.0 0.8 0.40 0.5 0.20 1.0 0.2 0.0 2019 2020 2021 2022 1H23 1H22 1H23 Nusa Raya Cipta J
Slide 55: Construction: PT Nusa Raya Cipta Tbk - Major Projects
Business Segment Construction : PT Nusa Raya Cipta Tbk - Major Projects (in IDR Billions) 2020 2021 2022 1H22 1H23 New Contract Classification (in IDR billions) 1,095 2,679 2,352 1,621 1,686 8% 6% 10% 0% 16% 6% 0% 12% 24% Contract on hand - 16% 17% 3,478 2,321 3,202 3,202 3,129 1% beginning 39% 45%
Slide 56: Construction: Operating Result
Business Segment Construction : Operating Result (in IDR Billions) 2018 2019 2020 2021 2022 1H22 1H23 Revenue 2,457 2,618 2,086 1,670 2,462 1,158 1,241 Revenue Growth 14% 7% -20% -20% 47% 76% 7% Gross Profit 251 274 229 190 266 127 138 Gross Margin 10% 10% 11% 11% 11% 11% 11% Income from JO 27 -1 -6
Slide 57: Construction: Balance Sheet
Financial Highlights Construction : Balance Sheet In IDR Billions 2018 2019 2020 2021 2022 1H23 Assets Cash & Cash Equivalents 736 689 578 496 647 574 Account Receivable 1,198 1,468 1,381 1,400 1,552 1,367 Project Advance 38 34 22 33 33 53 Others 283 272 241 214 223 222 Total Assets 2,255 2,463 2,22
Slide 58: Excellent Work Quality Across Sectors
Excellent Work Quality Across Sectors Carstensz Apartement - Tangerang JHL Galeri – Gading Serpong Tower Ekki PGV - Cimanggis Indigo Hotel Dago Pakar Resort Marriot The Luxury Pakuwon Mixed Use - Bekasi - Bandung Collection – Labuan Bajo building a better indonesia 57
Slide 59: Hospitality
2.3 Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) building a better indonesia 58
Slide 60: Jakarta Hotel Market Fundamentals
Jakarta Hotel Market Fundamentals Source: Colliers Q2 2023 Research & STR Global building a better indonesia 59
Slide 61: Bali Hotel Market Fundamentals
Bali Hotel Market Fundamentals Source: Colliers Q2 2023 Research & STR Global building a better indonesia 60
Slide 62: Hospitality Business
Hospitality Business Revenue Occupancy Rate (2017-1H23, IDR Billions) (2019-1H23, %) 90% 80.3% 80% 70% 803 811 60% 60.6% 101 50% 697 97 48.2% 40% 30% 80 144 595 20% 15.3% 144 10% 0% 151 102 2019 2020 2021 2022 1H22 1H23 Gran Melia Melia Bali Jumana Bali BATIQA 38 397 397 55 Room RevPar (3) 419 (2020
Slide 63: Hospitality Business
Hospitality Business ARR (Rp) 2018 2019 2020 2021 2022 1H22 1H23 GMJ 1,348 1,251 1,042 803 1,041 948 1,137 MBH 1,626 1,671 1,468 671 1,696 1,116 1,800 JBUR 6,680 6,223 5,714 4,672 6,572 5,517 7,309 BATIQA 333 314 303 322 344 339 357 Room RevPAR (thousand Rp) GMJ 681 561 160 237 483 396 548 MBH 1,243
Slide 64: Hospitality: Operating Result
Business Segment Hospitality : Operating Result (in IDR Billions) 2017 2018 2019 2020 2021 2022 1H22 1H23 Revenue 697 803 811 220 191 595 179 397 Revenue Growth 3% 15% 1% -73% -13% 211% 146% 122% Gross Profit 442 519 515 75 80 371 94 250 Gross Margin 63% 65% 64% 34% 42% 62% 53% 63% EBITDA 148 186 17
Slide 65: Travelio's 1H-23 Achievements & Targets
Travelio’s 1H-23 Achievements & Targets Company GMV Net Live Units Growth within the Next 6 Months (In IDR Mio) 692,314 1H-23 FY-23 12,918 +37% 17,000 +171% Apartments Apartments 255,653 3,835 Houses 5,900 Houses 1H-23 (Actual) FY-23 (Budget) 1H-23 Highlights: 19,536 1,154,986 +27% YoY +2,408 Mid-Lo
Slide 66: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Red Level Reception Guest Room Reception building a better indonesia 65
Slide 67: 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 66
Slide 68: Photos of JUMANA BALI
Photos of JUMANA BALI (Formerly Banyan Tree Ungasan Resort) Sanctuary Villa Cliff Edge Villa Ju-Ma-Na terrace The White Dove Wedding Venue Sanctuary Villa Cliff Edge (jetpool) Swimming Pool – Sanctuary Villa building a better indonesia 67
Slide 69: 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 68
Slide 70: 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 71: building a better indonesia
building a better indonesia 70
PT Surya Semesta Internusa — H1 2023 Earnings Presentation on 6ix