Slide 1: PT Ciputra Development Tbk Business Presentation
PT CIPUTRA DEVELOPMENT TBK BUSINESS PRESENTATION March 2010
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Slide 3: ConnoKjate
ConnoKjate
Slide 4: Corporate Structure
Corporate Structure CIPUTRA PUBLIC/ The shareholders RELATED CO. OTHERS 42% PT CIPUTRA 58% DEVELOPMENT TBK (7,582,907,997 saham @ Rp 500) Listed on IDX Listed on IDX 99.99% 99.99% 99.89% 51.89% 62.66% 1st layer PT CIPUTRA PT CIPUTRA PT CIPUTRA PT CIPUTRA PT CIPUTRA subsidiaries RESIDENCE GRAHA MITRA
Slide 5: Corporate Milestone
Corporate Milestone Capital raising & corporate actions Æ STRENGTHEN OUR FINANCIAL POSITION & SUPPORT BUSINESS EXPANSION……… 1994 : IPO and listed on JSX 1995 : Issuance of Notes (USD 100 mio) 2006 : 1997 : Economic crisis in Indonesia. - Issuance of 2.3 billion shares 1996 : Start of debts restructu
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 & 528 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 The Company is well positioned in Indonesia’s Focus on real estate business property p p y
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Slide 9: Project Portfolio
Project Porgolio
Slide 10: Geographic Reach
Geographic Reach Indonesia CitraGrand City CitraGarden Citra BukitIndah CitraLand City projects in 13 cities SUMATRA KALIMANTAN Samarinda Balikpapan Palembang Banjarmasin B. Lampung Makassar Jakarta Tangerang Bogor Semarang Surabaya JAVA Sidoarjo Pandaan CitraGarden CitraGarden City Ciputra Mall & H
Slide 11: Project Site Greater Jakarta
Project Site Greater Jakarta Airport CITRA GARDEN CITY Jakarta CBD CITRA RAYA TANGERANG Ring Road I Ring Road II Serpong-Airport Highway CITRA INDAH PT Ciputra Development Tbk ‐ Business Presentation 09
Slide 12: CTRA Projects
CTRA Projects CitraGarden Cit G d CityCit Location : Kalideres, West Jakarta Jakarta Launch : 1984 Development plan : 415 ha Developed area : 339 ha g Market segment : Middle-upp Unit sold : 8,827 units Others : The first and largest residential project in West Jakarta, near the airport PT Ciputra D
Slide 13: CTRA Projects
CTRA Projects CitraRaya CitraIndah Tangerang Jonggol Location : Jonggol, South of Jakarta Launch : 1997 Development plan : 550 ha Developed area : 316 ha Market segment : Middle-low Unit sold : 12,848 units Location : Tangerang, West of Jakarta Others : City of Nature, that offers Launch : 1994 the
Slide 14: CTRA Projects
CTRA Projects CitraGarden CitraLand City Banjarmasin Samarinda Location : Samarinda, East Kalimantan Launch : June 2007 Development plan : 93 ha Developed area : 25 ha Market segment : Middle-up Unit sold : 261 units Others : A jjoint operation p p project j Location : Banjarmasin, South Kalimantan
Slide 15: CTRA Projects
CTRA Projects Citra BukitIndah Balikpapan Location : Balikpapan, East Kalimantan Launch : May 2008 Development plan : 21 ha Developed area : 4 ha Market segment : Middle-up Unit sold : 55 units Others : A joint operation project Location : Palembang, South Sumatra CitraGrand City Launch : August 200
Slide 16: CTRA Projects
CTRA Projects CitraLand Celebes Makassar Location : Makassar,, South Sulawesi Launch : March 2009 Development plan : 30 ha Developed area : 12 ha Market segment : Middle-up Unit sold : 214 units Others : The first project in Sulawesi. A joint operation project PT Ciputra Development Tbk ‐ Business P
Slide 17: CTRA Projects: Grand Shenyang
CTRA Projects Grand Shenyang Star Lake City Shenyang NEW Location : Shenyang, Liaoning, China Launch : 1H 2011 (estimated) Development plan : 313 ha Market segment : Middle-up Others : First overseas project. A joint venture township project PT Ciputra Development Tbk ‐ Business Presentation 15
Slide 18: CTRA Projects: CitraRaya Hospital
CTRA Projects CitraRaya Hospital Tangerang NEW CTRA also plans to develop a general hospital in Tangerang, inside CitraRaya project. The hospital will have 120 rooms. Total investment : ± IDR 100 billion Total area : 1.2 1 2 ha Start construction : 2H 2010 (plan) Start operation : 2H 2011 (estimated
Slide 19: CTRS Projects
CTRS Projects CitraLand Surabaya Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 643 ha Market segment : Middle-up Unit sold : 11,237 units Others : The largest township development in Surabaya PT Ciputra Development Tbk ‐ Business Presentation 17
Slide 20: 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 : 41 ha
Slide 21: CTRS Projects
CTRS Projects The Taman Dayu CitraGarden Pandaan Lampung Location : Pandaan, Pandaan South of Surabaya Launch : August 2005 (relaunched) Development plan : 600 ha Developed area : 200 ha Market segment : Middle income Unit sold : 507 units Others : Residential & resort development. A joint operation
Slide 22: CTRS Projects: Ciputra Golf
CTRS Projects Ciputra Golf Surabaya Located in CitraLand Surabaya Surabaya, Ciputra Golf and Family Club is a 100 ha complex, which consists of a 27-hole golf course, club house, restaurant, meeting hall, hotel, fitness and sport center. Ciputra Golf is one of the biggest and most popular golf cours
Slide 23: CTRS Projects: Ciputra World Surabaya
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 Surabaya comprise shopping mall, apartment, office building and hotel, with total building area of more than 300,000 sqm. For the first stage, CTRS will devel
Slide 24: CTRP Projects
CTRP Projects Ciputra Mall & Hotel Jakarta Location : Grogol, West Jakarta Total area : 4.1 ha Shopping mall • Start operation : 1993 • Gross/ net area : 76,000 sqm/ 42,600 sqm • Occupancy rate/ ARR : 96%/ USD 22.1 (IDR 155,000) Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swiss
Slide 25: 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 y rate/ ARR : 50% /USD 82/nite or 18/sqm/mth Location : Simpang Lima, S
Slide 26: CTRP Projects: Ciputra World Jakarta
CTRP Projects Ciputra World Jakarta CTRP plans to develop several super block and mixed-use development in Jakarta CBD. The development p will take p 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
Slide 27: CTRP Projects: Ciputra World Lot 3-5
CTRP Projects Ciputra World Lot 3-5 Jakarta Total T t l area : 5.5 5 5 ha Investment cost : IDR 3.1 trillion (USD 332 mio) Construction : 2008 - 2012 Shopping mall • Gross/ net area : 136,000 sqm/ 84,000 sqm • Expected p ARR : USD 28/sqm/month • Start operation : 1H 2011 Condominium : 136 units* (11
Slide 28: CTRP Projects: Future Projects
CTRP Projects Future F Future Ciputra World Lot 6 Project Ciputra World Lot 11 Jakarta Jakarta Project Total area : 1.4 ha Investment cost : IDR 922 bio (USD 100 mio) Construction : 2012 – 2014 Condominium : 240 units • Gross/ net area : 32,625 sqm/ 26,100 sqm • Exp. Exp selling price : Start from I
Slide 29: Financial Highlights
LAGOS CM INANGIA
Slide 30: Pre-Sales Residential Projects
Pre-Sales Residential Projects In billion IDR 1,752 By Location Greater Jakarta Greater Jakarta Greater Surabaya 1,436 1,278 362 Other Location 1,106 Greater Other Surabaya Location 164 570 865 2008 2009 504 788 67 Payment Method 691 Mortgage g g Mortgage g g 437 136 155 209 60 16 68 8 Hard Cash Har
Slide 31: Financial Highlights
Financial Highlights In billion IDR Unaudited BALANCE SHEET 3Q 2009 2008 2007 2006 2005 Assets 8,268.5 8,108.4 7,484.1 5,156.6 5,306.7 Cash & cash equivalents 1,996.7 2,464.3 2,289.2 759.9 390.0 Land 3,284.1 3,148.0 3,444.2 2,817.6 3,447.8 Others 2,987.7 2,496.1 1,750.7 1,579.1 1,468.9 Liabilities 1
Slide 32: Profit & Loss Highlights
Profit & Loss Highlights Revenues Breakdown In billion IDR 2008 3Q2009 1,348 , 1 303 1,303 1,186 1,050 935 595 622 486 534 419 Residential Condominium Shopping Mall Hotel Others 336 235 287 291 171 Gross Profit Margin Operating Profit Margin 2005 2006 2007 2008 3Q 2009 Revenues Gross Profit Operatin
Slide 33: Land Bank Residential Projects
Land Bank Residential Projects As of 31 December 2009, the Company and subsidiaries had 396.3 ha developed land and 1,028.6 ha undeveloped land, which totally amounted to IDR 2.67 trillion. (In billion IDR, except for Average Land Selling Price) Developed Land Undeveloped Land Sales Information Aver
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Slide 35: Market Outlook
- VAD DCAUCES,
Slide 36: Indonesia Macro Outlook
Indonesia Macro Outlook ECONOMIC INDICATORs 2005 2006 2007 2008 2009 Economic growth 5 60% 5.60% 5 50% 5.50% 6 32% 6.32% 6 10% 6.10% 4 30% 4.30% Inflation rate 17.11% 6.60% 6.59% 11.06% 2.78% BI rate 12.75% 9.75% 8.00% 9.25% 6.50% Exchange rate (USD/IDR) 9,830 9,020 9,419 10,950 9,400 International
Slide 37: Property Market Outlook (Greater Jakarta Only)
Property Market Outlook (Greater Jakarta Only) 3Q 2009… 2009 Office Apartment CBD Outside CBD Strata Title Lease Supply (mio sqm) 4.05 1.66 Supply (unit) 74,920 7,835 AOR (%) 87.2 88.1 Take up rate/AOR (%) 71.2 69.2 Rental rate Pricing (mio Rp/ sqm) 11.5 Average - Rp 92,988 62,718 - CBD 15.8 - - USD
Slide 38: Share Price (updated Mar 2010)
Share Price (updated Mar 2010) In I IDR 900 800 700 600 500 400 300 200 In share 100 m 50 m Source: Yahoo Finance PT Ciputra Development Tbk ‐ Business Presentation 36
Slide 39: The Management
The Management Board of Commissioners DR Ir Ciputra DR Cosmas Batubara DR Widigdo Sukarman Bayan Akochi Dian Sumeler Henk Wangitan Chairman Independent member Independent member Independent member Board of Directors C d Ci Candra Ciputra t Budiarsa Sastrawinata Rina Ciputra S S. Harun Hajadi Junita
Slide 40: Awards
Awards Awarded as Indonesia Most Admired Companies (IMAC) in Developer category for 3 consecutive years… IMAC Award 2009: IMAC Special Award 2008: IMAC Award 2008: IMAC Award 2007: Best Developer The Most Sustainable Best Developer Best Developer Corporate Image 2008 - 2009 PT Ciputra Development Tb
Slide 41: Corporate Secretary
Investor Relations Corporate Secretary PT CIPUTRA DEVELOPMENT TBK Jl. P Jl Prof. f DR DR. S Satrio ti KKav. 6 Jakarta 12940 - INDONESIA Phone : +62 21 5225858 Fax : +62 21 5205262 E il Email : investor@ciputra.com i t @ i t Website : www.ciputradevelopment.com Disclaimer Clause: This presentation ma
Slide 42: Notes
Notes 40
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Slide 44: PT Ciputra Development Tbk
@ PT Ciputra Development Tbk