Pt Surya Semesta Internusa Tbk · IDX:SSIA
Pt Surya Semesta Internusa Tbk — 9M 2014 Earnings Presentation
44 slides from Pt Surya Semesta Internusa Tbk's earnings presentation, 2014
Slide 1: Review 9 Months 2014
PT SURYA SEMESTA INTERNUSA TBK (“SSIA”) Review 9 Months 2014 www.suryainternusa.com 0
Slide 2: Table of Contents
Surya Semesta Internusa Table of Contents in Summary • Vision and Mission • Investment Highlights Review of Business Segments • History • Major Subsidiaries, CONSTRUCTION Shareholders & Management • PT Nusa Raya Cipta (“NRC”) • Investment Portfolio • Indonesia Economic PROPERTY Indicator • PT Suryac
Slide 3: Surya Semesta Internusa in Summary
Surya Semesta Internusa in Summary 2
Slide 4: Vision and Mission
Vision and Mission Vision To build a better Indonesia through a reliable , trusted and respected Indonesia property, hospitality and construction group of companies Mission To provide quality products and superior services, through the commitment and excellence of our people, and create optimal valu
Slide 5: Investment Highlights
Surya Semesta Internusa in Summary Investment Highlights • SSIAs primary businesses are Construction, Property (industrial estate, real estate and rental property) and Hospitality • The company is listed on the Indonesia Stock Exchange • SSIA has a stable base of well-respected long term shareholder
Slide 6: History
Surya Semesta Internusa in Summary History Year Milestones 1971 Established as a property development company to develop the Golden Triangle area in Kuningan, South Jakarta, Indonesia 1976 Built Glodok Plaza, Indonesia’s first modern shopping center in Chinatown, Jakarta, Indonesia 1983 Developed Me
Slide 7: Major Subsidiaries and Associates, Shareholders & Management
Surya Semesta Internusa in Summary Major Subsidiaries and Associates, Shareholders & Management Construction Hospitality PT Nusa Raya Cipta Tbk. (NRC) 67.20% PT Suryalaya Anindita International (SAI) 86.79% PT Baskhara Utama Sedaya (BUS) – Associates *) 45.62% PT Ungasan Semesta Resort (USR) 100% *)
Slide 8: Investment Portfolio as at 30 September 2014
Surya Semesta Internusa in Summary Investment Portfolio as at 30 September 2014 Construction PT Nusa Raya Cipta Tbk. (NRC) Construction services Top 3 privately-owned (revenue) Property Suryacipta City of Industry, Karawang, West License of 1,400 ha (gross) PT Suryacipta Swadaya (SCS) Java Details o
Slide 9: Indonesia Economic Indicators
2%# 3%# 4%# 5%# 6%# 7%# 8%# 9%# 10%# 4.0%% 4.5%% 5.0%% 5.5%% 6.0%% 6.5%% 7.0%% 31-Dec-08# 2008% 31-Mar-09# 30-Jun-09# 30-Sep-09# 2009% 31-Dec-09# 31-Mar-10# 30-Jun-10# 2010% 30-Sep-10# 31-Dec-10# 31-Mar-11# 2011% 30-Jun-11# 30-Sep-11# 2012% 31-Dec-11# Infla%on' 31-Mar-12# 30-Jun-12# Source: Bank Indo
Slide 10: 9M14 Financial Highlights
9M14 Financial Highlights • SSIA recorded consolidated revenue of IDR 3,254b in 9M14, decreased by 3% from IDR 3,350b in 9M13 • Construction business unit maintained its strong performance with revenue of IDR 2,416b in 9M14, increased by 18% compared to IDR 2,041b in 9M13. Contract on hand as of 30
Slide 11: Consolidated Operating Results
Financial Highlights Consolidated Operating Results (Rp$in$billions,$unless$stated$otherwise) 2009 2010%*) 2011 2012 2013 9M13 9M14 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue **********1,484 **********1,690 **********2,879 **********3,565 **********4,583 **********3,350 ****
Slide 12: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment In#Rp#Bio 2009 2010 2011 2012 2013 9M13 9M14 Construction -----------873 -----------978 ---------1,520 --------1,870 --------2,843 ---------2,041 ---------2,416 segment'percentage 59% 58% 53% 52% 62% 61% 74% Property -----------105 ------
Slide 13: Consolidated EBITDA by Business Segment
Financial Highlights Consolidated EBITDA by Business Segment In#Rp#Bio 2009 2010 2011 2012 2013 9M13 9M14 Construction 3333333333333 45 3333333333333 66 333333333333333 99 33333333333 144 33333333333 240 3333333333333 195 33333333333 290 Segment'percentage 32% 30% 19% 15% 23% 24% 50% Property 333333
Slide 14: Consolidated Net Profit by Business Segment
Financial Highlights Consolidated Net Profit by Business Segment In#Rp#Bio 2009 2010 2011 2012 2013 9M13 9M14 Construction ,,,,,,,,,,,,,,,,, 10 ,,,,,,,,,,,,,,,,, 26 ,,,,,,,,,,,,,,,,, 32 ,,,,,,,,,,,,,,,,, 65 ,,,,,,,,,,,,,,, 128 ,,,,,,,,,,,,,,, 113 ,,,,,,,,,,,,,,, 138 Property ,,,,,,,,,,,,,,,,, 13 ,,,
Slide 15: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet –31 December 2009 to 2013, 30 September 2013-2014 (In$Rp$Billions) 315Dec509 315Dec510 315Dec511 315Dec512 315Dec513 305Sep513 305Sep514 Audited Audited Audited Audited Audited Unaudited Unaudited Current'Assets '''''''''''616 '''''''''''' 765 ''''''''
Slide 16: Balance Sheet Summary
Financial Highlights Balance Sheet Summary – 31 December 2009 to 2013 , 30 September 2013-2014 314Dec409 314Dec410 314Dec411 314Dec412 314Dec413 304Sep413 304Sep414 Bank/Third+parties+Loan !!!!IDR!denominated!in!Rp!Billion !!!!!!!!!!!307 !!!!!!!!!!!! 367 !!!!!!!!!!!!! 466 !!!!!!!!!! 1,316 !!!!!!!!!1
Slide 17: Review of Business Segments
Review of Business Segments 16
Slide 18: Construction - PT Nusa Raya Cipta Tbk
CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRC”) 17
Slide 19: Construction Business Unit: PT Nusa Raya Cipta
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta • PT Nusa Raya Cipta Tbk. (“NRC”) is one of Indonesia’s leading private construction companies, specializing in high-rise buildings, commercial complexes, and medium-to-large scale manufacturing facilities • Over the years, it has b
Slide 20: Construction Business Unit: Major Projects and Contracts
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta Major Projects and Contracts • Some major projects obtained in 2014, including: 2010-2013 Major Projects Palma Tower 2, Jakarta Crowne Plaza Hotel, Bandung Mayapada Hospital, Lebak Holiday Inn Express Hotel, Bali Bulus Ciputra World
Slide 21: Photos of Projects by NRC – High Rise Buildings
Photos of Projects by NRC – High Rise Buildings Menara Palma 2, Jakarta Ciputra World 2, Jakarta Villas at Mulia Resort – Nusa Dua, Bali Paddington Heights, Alam Sutra Lombok Epicentrum Mall, Mataram Soho @ Podomoro City, Jakarta PIK Mall, Jakarta 20
Slide 22: Photos of Projects by NRC - Infrastructure
Photos of Projects by NRC - Infrastructure suryainternusa Cikampek - Palimanan Toll Road INDONESIA 21
Slide 23: Cikampek - Palimanan Toll Road Work Progress
Photos of Projects by NRC – Infrastructure Cikampek - Palimanan Toll Road Work Progress 22
Slide 24: Property
PROPERTY - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) 23
Slide 25: Property: Description
Financial Highlights Property: Description • PT Suryacipta Swadaya (SCS) develops and currently manages the Suryacipta City of Industry – a 1,400 ha industrial estate in Karawang, West Java (55 km from Jakarta, 65 km from Tanjung Priok Seaport and 80 km from International Airport) • PT TCP Internusa
Slide 26: Property: Operating Result
Financial Highlights Property: Operating Result (Rp$in$billions) 2009 2010 2011 2012 2013 9M13 9M14 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue *************105 *************235 *************909 **********1,222 **********1,159 *************893 *************366 Revenue$Growth
Slide 27: FDI and Domestic Direct Investment vs Industrial Land Sales in West Java
Statistic of Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area (RHS) 45.0! 1400! 40.0! 1200! 35.0! !12.3!! 1000! 30.0! !9.8!! US$$b$ 25.0! !9.4!! !9.7!! 800! !8.7!! 20.0! !6.7!! !28.6!! 600! 15.0! !19.5!! !3.6!! !16.2!!
Slide 28: Industrial Estate Sector Research
Industrial Estate Sector Research Source: Colliers 3Q2014 Research 27
Slide 29: Property: Industrial Estate Review
Financial Highlights Property: Industrial Estate Review 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. 2009 2010 2011 2012 2013 9M13 9M14 Land%sold%(ha
Slide 30: Property: Industrial Estate Review – Tenants and Land Bank
Financial Highlights Property: Industrial Estate Review Major Tenants: Licence&(ha)&+&gross &&&&&&&&&&1,400 • Foreign-owned Phase&1&and&2&(ha)&+&gross &&&&&&&&&&1,000 Bridgestone Tire, Japan (37 ha) TVS, India (40 ha) &&Industrial&land&(ha)&+&net &&&&&&&&&&&&&768 Bekaert, Belgium (19 ha) &&Technopar
Slide 31: Suryacipta Master Plan
Suryacipta Master Plan Wi cS , Was ab suryainternusa a “al ~, xX a ” SURYACIPTA CITY OF INDUSTHY MASTER PLAN NDONESIA
Slide 32: Property: Rental Property Review
Financial Highlights Property: Rental Property Review • Rental properties, Graha Surya Internusa office building (GSI) and Glodok Plaza (GP) booked relatively stable rental income. Occupancy(Rate 2009 2010 2011 2012 2013 9M13 9M14 GSI 85% 89% 90% 92% 62% 74% 0% GP 72% 72% 81% 84% 88% 88% 92% Revenue
Slide 33: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Commercial Area Developement Suryacipta City of Industry Entrance 32
Slide 34: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Toll Exit Leading to Suryacipta City of Industry Cut and Fill Work in Phase 3 33
Slide 35: Hospitality
Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) - PT Surya Internusa Hotels (“SIH”) 34
Slide 36: Hospitality Business: Description
Financial Highlights Hospitality Business: Description PT Suryalaya Anindita International (SAI) owns two five-star hotel properties: •Gran Meliã Jakarta (GMJ) and •Meliã Bali Villas & Spa Resort (MBH) PT Ungasan Semesta Resort (USR), together with Banyan Tree Hotels and Resorts Ltd. Singapore start
Slide 37: Hospitality Business: Operating Result
Financial Highlights Hospitality Business: Operating Result (Rp$in$billions) 2009 2010 2011 2012 2013 9M13 9M14 Audited Audited Audited Audited Audited Unaudited Unaudited Revenue ***********347 ***********413 ***********449 ***********473 ***********580 **********416 **********472 growth ?1% 19% 9%
Slide 38: Hospitality Business: Review
Financial Highlights Hospitality Business: Review Occupancy(Rate( ##GMJ# ##MBH# ##BTUR# 90%# 2009# 2010# 2011# 2012# 2013# 80%# 70%# 90%# Occupancy(Rate( 60%# 80%# 50%# 70%# 40%# 60%# 30%# 50%# 20%# 40%# 10%# 30%# 0%# 20%# 9M13# 9M14# 10%# Year( 0%# ##GMJ# ##MBH# ##BTUR# ##GMJ# ##MBH# ##BTUR# ##GMJ#
Slide 39: Hospitality Business: Review 9M14
Financial Highlights Hospitality Business: Review 9M14 • Despite fierce competition among hotels in Bali, Melia Bali Hotel managed to slightly increase its occupancy rate from 80% in 9M13 to 81% in 9M14 while maintaining an average room rate of US$107. • Gran Melia Jakarta is currently doing a repos
Slide 40: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Café Gran Via Guest Room Lobby 39
Slide 41: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel Villa Main Pool Aerial View, MBH Nusa Dua Family Suite Room 40
Slide 42: Photos of Banyan Tree Ungasan Resort
Photos of Banyan Tree Ungasan Resort 41
Slide 43: Construction, Property and Hospitality Outlook
Construction and Infrastructure: The milestone infrastructure project: Cikampek – Palimanan (Cikapali) Toll Road as of September 2014 has reached 60% completion and is still on track to finish by August 2015. Property: Industrial estate will shift its focus to Subang which is located along our Cikap
Slide 44: Thank You
suryainternusa Thank You INDONESIA 43
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