Slide 1: PT Ciputra Development Tbk Business Presentation
PT CIPUTRA DEVELOPMENT TBK BUSINESS PRESENTATION June 2011
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Slide 3: Corporate Overview
% = iii | Corporate Overview
Slide 4: Corporate Structure
Corporate Structure CIPUTRA PUBLIC/ RELATED CO. OTHERS 42% 58% PT CIPUTRA DEVELOPMENT TBK (15,165,815,994 shares @ Rp 250) Listed on IDX Listed on IDX 99.99% 99.99% 99.99% 99.89% 54.72% 62.66% PT CIPUTRA PT CIPUTRA GRAHA PT CIPUTRA PT CIPUTRA SURYA RIDGE CAPITAL PT CIPUTRA RAYA PT CIPUTRA INDAH RESI
Slide 5: Corporate Milestone
Corporate Milestone Capital raising & corporate actions STRENGTHENING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION……… 1994 : IPO and listing on JSX 1995 : Issuance of Notes (USD 100 million) 1997 : Economic crisis hit 2006 : Indonesia. Start of debt restructuring - Issuance of 2.3 billion sh
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 & 494 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 We are well positioned in Indonesia’s Focus on real estate business Steady launch and deve
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Slide 9: Project Portfolio
Project Po “t Portfolio
Slide 10: Geographic Reach
Geographic Reach Indonesia CitraLand CitraLand NGK CitraGrand City CitraGarden Citra BukitIndah CitraLand City CitraLand CitraLand CitraLand CitraLand Kendari Kendari projects in 18 cities SUMATRA Pekan Baru KALIMANTAN Samarinda SI WE Jambi Balikpapan ULA Palembang S Banjarmasin Kendari B. Lampung M
Slide 11: Project Site Greater Jakarta
Project Site Greater Jakarta PT Ciputra Development Tbk - Business Presentation 09
Slide 12: CTRA Projects
CTRA Projects CitraGarden City Jakarta Location : Kalideres, West Jakarta Launch : 1984 Development plan : 450 ha Developed area : 344 ha Market segment : Middle-up Unit sold : 9,125 units Others : Our first and largest residential project in West Jakarta, near the airport PT Ciputra Development Tbk
Slide 13: CTRA Projects
CTRA Projects CitraRaya CitraIndah Tangerang Jonggol Location : Tangerang, West of Jakarta Launch : 1994 Development plan : 2,760 ha Developed area : 730 ha Market segment : Middle-low Unit sold : 21,684 units Others : Township development with the largest land bank within the Company Location : Jon
Slide 14: CTRA Projects
CTRA Projects CitraGarden CitraLand Banjarmasin Banjarmasin Location : Banjarmasin, South Kalimantan Location : Banjarmasin, South Kalimantan Launch : September 2005 Launch : November 2009 Development plan : 10 ha Development plan : 40 ha Developed area : 10 ha Developed area : 17 ha Market segment
Slide 15: CTRA Projects
CTRA Projects CitraLand City Samarinda Location : Samarinda, East Kalimantan Launch : June 2007 Development plan : 93 ha Developed area : 29 ha Market segment : Middle-up Unit sold : 348 units Others : A joint operation project Location : Balikpapan, East Kalimantan Citra BukitIndah Launch : May 200
Slide 16: CTRA Projects
CTRA Projects CitraGrand City Palembang Location : Palembang, South Sumatra Launch : August 2008 Development plan : 160 ha Developed area : 11 ha Market segment : Middle income Unit sold : 516 units Others : A joint operation project PT Ciputra Development Tbk - Business Presentation 14
Slide 17: CTRA Projects
CTRA Projects CitraLand Celebes CitraGarden Makassar Makassar Location : Makassar, South Sulawesi Location : Makassar, South Sulawesi Launch : March 2009 Launch : May 2010 Development plan : 30 ha Development plan : 15 ha Developed area : 16 ha Developed area : 4 ha Market segment : Middle-up Market
Slide 18: CTRA Projects
CTRA Projects CitraGreen Dago Bandung Location : Dago Atas, North of Bandung Pre-launch : August 2010 Development plan : 70 ha DISTANCE Developed area : 5 ha Jl. Dago to site: 1 km Site to ITB: 3.5 km Market segment : Middle-up Site to city: 7 km Unit sold : 16 units Others : A joint operation proje
Slide 19: CTRA Projects
CTRA Projects co Und Grand Shenyang International City ns tru er Shenyang cti on PROJECT LOCATIO N airport N SHENYANG CITY MAP Location : Shenyang, Liaoning, China Stage 1 Launch : 2H 2011 (estimated) • Low rise development : Development plan : 313 ha Market segment : Middle-up • Sports park + clubh
Slide 20: CTRA Projects
CTRA Projects CTRA also plans to develop a general CitraRaya Hospital co Und hospital in Tangerang, within CitraRaya ns Tangerang tru er project. The hospital will have 126 wards. cti on Total investment : ± IDR 100 billion Total area : 1.2 ha Start Construction : 2H 2010 Start Operation : 2H 2011 (
Slide 21: CTRA Projects
CTRA Projects CitraLand NGK Jambi NEW 3 CITY CENTER 3 1 4 I Walk Commercial 2 Future Waterpark 3 3 Residential 3 Airport 3 3 4 Family Club 1 1 35 HA Location Distance 2 City Center 10 km Airport 12 km Location: Kota Baru Jambi, south west of Jambi Launch: January 2011 Development plan: 35 ha Develop
Slide 22: CTRA Projects
CTRA Projects NEW CitraLand GERBANG_ Pekan Baru RUKO_ WATERPARK CLUSTER A_ CLUSTER C CLUSTER B 15 menit Location: Pekanbaru, 15 menit Riau Launch: February 2011 Development plan: 20 ha Developed area: 5 ha Market segment: Middle-up Units sold: 170 units 10 menit Others: A joint venture project. PT C
Slide 23: CTRA Projects
CTRA Projects CitraGarden NEW Pekalongan Location: Pekalongan, Central Java Launch: June 2011 Development plan: 10 ha Market segment: Middle-up Others: A joint operation project. PT Ciputra Development Tbk - Business Presentation 21
Slide 24: CTRS Projects
CTRS Projects CitraLand Surabaya Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 650 ha Market segment : Middle-up Unit sold : 11,754 units Others : Our largest township development in Surabaya PT Ciputra Development Tbk - Business Presentation 22
Slide 25: CTRS Projects
CTRS Projects CitraHarmoni CitraGarden Sidoarjo Sidoarjo Location : Sidoarjo, South of Surabaya Launch : August 2005 Development plan : 26 ha Developed area : 26 ha Market segment : Middle income Unit sold : 782 units Others : A joint venture project Location : Sidoarjo, South of Surabaya Launch : 1
Slide 26: CTRS Projects
CTRS Projects Pagar & CitraIndah gerbang The Taman Sidoarjo Dayu Pandaan Location : Pandaan, South of Surabaya Launch : August 2005 (relaunched) Development plan : 600 ha Developed area : 202 ha Market segment : Middle income Jual Kav u Unit sold : 654 units Sekolah, dll Others : Residential & resor
Slide 27: CTRS Projects
CTRS Projects CitraGarden Ciputra Golf Lampung Surabaya Location : Bandar Lampung, South of Sumatra Located in CitraLand Surabaya, Ciputra Golf and Family Club is a 100 ha Launch : February 2005 complex, which consists of a 27-hole golf course, club house, restaurant, Development plan : 57 ha meetin
Slide 28: CTRS Projects
CTRS Projects CitraSun Garden Semarang NEW CitraSun Garden Location : Semarang, Central Java Launch : January 2011 Development plan : 17 ha Developed area : 5 ha Market segment : Middle Units sold : 24 units Others : A joint operation project PT Ciputra Development Tbk - Business Presentation 26
Slide 29: CTRS Projects
CTRS Projects CitraLand Kendari NEW Location : Kendari, South East Sulawesi Launch : March 2011 Development plan : 15 ha Developed area : 5 ha Market segment : Middle and middle-up Units sold : 126 units Others : A joint operation project. To become a LifeStyle City Center PT Ciputra Development Tbk
Slide 30: CTRS Projects
CTRS Projects r CTRS is undertaking a super block development on an area of n d e ti o n U uc Ciputra World 7.7 ha located in West Surabaya. The development will ns tr Surabaya comprise of shopping mall, apartment, office building and hotel, co with total building area of more than 300,000 sqm. For
Slide 31: CTRP Projects
CTRP Projects Location : Grogol, West Jakarta Ciputra Mall & Hotel Total area : 4.1 ha Jakarta Shopping mall • Start operation : 1993 • Gross/ net area : 76,000 sqm/ 43,115 sqm • Occupancy rate/ ARR : 96%/ USD 22.35 (IDR 156,000) Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swis
Slide 32: 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 rate/ ARR : 78% /USD 79/night or 17/sqm/mth Location : Simpang Lima, Se
Slide 33: CTRP Projects
CTRP Projects Dipo Business Center Jakarta NEW Location : Jl. Letjen Gatot Subroto lot 50-5 Central Jakarta Total area : 0.7 ha Construction : Sept 2011 Office building • Gross area : 19,440 sqm • Exp. Selling price : Rp 13 million / sqm • Start operation : 2Q 2013 House/Office (Rukan) • Net area :
Slide 34: CTRP Projects
CTRP Projects Ciputra World Jakarta CTRP plans to develop several super block and mixed-use development in Jakarta CBD. The development will take 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 3-5
Slide 35: CTRP Projects
CTRP Projects r n d e ti o n Ciputra World Lot 3-5 U uc tr o ns Jakarta c Total area : 5.5 ha Serviced apartment Investment cost : IDR 3.1 trillion (USD 332 mio) : 170 units • Gross/ net area Construction : 2008 - 2012 : USD 26/ sqm/ month • Exp. ARR Shopping mall • Start operation : 1H 2013 • Gross
Slide 36: CTRP Projects
CTRP Projects Ciputra World Lot 11 Future Ciputra Ciputra World World LotLot 6 11 Future Jakarta Project JakartaJakarta 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. selling
Slide 37: Future Projects
Future Projects The Company also plans to develop new residential projects in all major cities throughout Indonesia. Details of the projects which will be launched in 2011 are as follows: No. Projects Cooperation Development Launching scheme Plan (ha) Target CTRA 1. CitraGarden Pekalongan Joint Oper
Slide 38: PT Ciputra Development Tbk - Business Presentation
PT Ciputra Development Tbk - Business Presentation
Slide 39: Pre-Sales Residential Projects
Pre-Sales Residential Projects By Location 2009 2010 Greater Greater Jakarta Jakarta Greater In billion IDR Greater Surabaya Surabaya 3,091 Other Other Locations Locations 2011* 33% Greater Greater Surabaya Jakarta 20% 1,713 Other city 1,436 outer Java 9% 1,277 1,281 38% Other city 1,106 inner Java
Slide 40: Financial Highlights
Financial Highlights In billion IDR BALANCE SHEET 1Q 2011 2010 2009 2008 2007 Assets 9,620.4 9,378.3 8,553.9 8,108.4 7,484.1 Cash & cash equivalents 2,096.2 2,235.9 2,009.2 2,464.3 2,289.2 Land 3,698.7 3,549.1 3,319.0 3,138.4 3,444.2 Others 3,825.5 3,593.3 3,225.7 2,505.7 1,750.7 Liabilities 2,349.1
Slide 41: Profit & Loss Highlights
Profit & Loss Highlights Revenues Breakdown In billion IDR 2010 1Q 2011 1,693 61.9% 60.2% 15.3% 1,348 1,303 1,332 15.0% 13.1% 7.2% 14.4% 6.6% 2.9% 3.4% 735 583 599 599 506 482 Residential Condominium Shopping Mall Hotel Others 412 378 299 174 Gross Profit Margin EBT Margin 84 43% 46% 45% 43% 46% 39%
Slide 42: Land Bank Residential Projects (as at 31 March 2011)
Land Bank Residential Projects (as at 31 March 2011) (In billion IDR, except for Average Land Selling Price) Developed Land Undeveloped Land Sales Information Average Project (Salable Land) (Raw Land) 2010 Land Selling Price* ha IDR Ha IDR Ha Unit 2009 2010 CitraGarden City 22.8 265.9 90.1 237.5 3.3
Slide 43: Land Bank Residential Projects (as at 31 March 2011)
Land Bank Residential Projects (as at 31 March 2011) (In billion IDR, except for Average Land Selling Price) Sales Information Average Joint Operation Project Development Plan 2010 Land Selling Price* (Ha) Ha Unit 2009 2010 CitraGarden Banjarmasin 10 - - 1,540,000 1,701,000 CitraLand Banjarmasin 40
Slide 44: NAV 2010
NAV 2010 NET ASSET VALUE CALCULATION 31 DECEMBER 2010 NAV Effective Value Description (in mio IDR) % (in mio IDR) CTRA only 7,252,978 80%-100% 7,252,978 CTRS 5,590,854 62.66% 3,503,229 CTRP 6,211,640 54.72% 3,399,009 Total Value (in mio IDR) 14,155,216 Outstanding shares (in mio shares) 15,166 Value
Slide 45: PT Ciputra Development Tbk - Business Presentation
PT Ciputra Development Tbk - Business Presentation
Slide 46: Indonesia Macro Outlook
Indonesia Macro Outlook ECONOMIC INDICATORs 2007 2008 2009 2010 Economic growth 6.32% 6.10% 4.50% 6.10% Inflation rate 6.59% 11.06% 2.78% 6.96% BI rate 8.00% 9.25% 6.50% 6.50% Exchange rate (USD/IDR) 9,419 10,950 9,400 8,991 International reserves (in bio USD) 56.92 51.64 66.10 96.21 Source: BPS & B
Slide 47: Property Market Outlook (Greater Jakarta Only)
Property Market Outlook (Greater Jakarta Only) 2H 2010… Office Apartment CBD Strata Title Lease Supply (mio sqm) 4.26 Supply (unit) 74,594 8,056 AOR (%) 87.77 Sales rate / AOR (%) 98.03 83.85 Rental rate Pricing (Rp mio/sqm) - Rp 121,043 - CBD 15.40 - - USD 13.46 - Prime Non-CBD 14.13 - Service char
Slide 48: Share Price (updated Jun 2011)
Share Price (updated Jun 2011) In IDR 17/06/2011 In share Source: Bloomberg PT Ciputra Development Tbk - Business Presentation 46
Slide 49: The Management
The Management Board of Commissioners 1 2 3 4 5 6 DR. Ir. Ciputra Dian Sumeler Bayan Akochi DR. Cosmas Batubara Henk Wangitan DR. Widigdo Sukarman Chairman Independent member Independent member Independent member Board of Directors Candra Ciputra Budiarsa Sastrawinata Rina Ciputra S. Harun Hajadi Ju
Slide 50: Awards
Awards Warta Ekonomi Award 2010: IMAC Award 2010: The Most Powerful Company Best Developer In Property & Real Estate Industry Property&Bank Award 2010: FinanceAsia Award 2010: Developer of the Year 2010 2nd Runner-Up Asia’s Best Companies IMAC Award 2009: IMAC Award 2008: IMAC Special Award 2008: IM
Slide 51: Investor Relations Corporate Secretary
Investor Relations Corporate Secretary PT CIPUTRA DEVELOPMENT TBK Jl. Prof. DR. Satrio Kav. 6 Jakarta 12940 - INDONESIA Phone : +62 21 5225858 Fax : +62 21 5205262 Email : investor@ciputra.com Website : www.ciputradevelopment.com Disclaimer Clause: This presentation may contain forward-looking state
Slide 52: Notes
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Slide 53: Notes
Notes 51
Slide 54: Notes
Notes 52
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Slide 56: PT Ciputra Development Tbk
@ PT Ciputra Development Tbk