PT Intiland Development Tbk · IDX:DILD
PT Intiland Development Tbk — Citi Indonesia Investor Conference 2012
38 slides from PT Intiland Development Tbk's conference presentation, Jun 27, 2012
Slide 1: PT Intiland Development Tbk
PT Intiland Development Tbk Citi Indonesia Investor Conference 26–27 June 2012
Slide 2: Introduction
INTRODUCTION We are one of the most experienced premium developers in Indonesia with almost 40 years of heritage „ One of the first listed property developers in Indonesia (1990) Our Diversified Products Townships & Mixed-Use & Estates High-Rise Hospitality Industrial Private & Confidential 2
Slide 3: Our Iconic, Trend-Setting Products
OUR ICONIC, TREND–SETTING PRODUCTS TOWNSHIP & ESTATE O F F I C E A luxury house B in Graha Famili U I L Intiland Tower Jakarta D (1986), one of the first Graha Famili (Since 1992) first golf-themed I green buildings in luxury township in Surabaya N Jakarta, designed by G the late Paul Rudolf CONDOMI
Slide 4: Location Map Jakarta
LOCATION MAP JAKARTA Our projects in Jakarta are located strategically along major transportation infrastructure, and proposed future developments Paku Haji Proposed new seaport (Figures shown are estimated masterplan areas. Marked areas are not to scale) Tanjong Priok Regatta, 11Ha (Port) Soekarno
Slide 5: Location Map Surabaya
LOCATION MAP SURABAYA In Surabaya, our projects are centered around the West Surabaya area favored by wealthier buyers, and in the city centre (Figures shown are estimated masterplan areas. Marked areas are not to scale) Sumatra 36 0.2Ha Graha Natura Praxis 80Ha 1.1Ha Bukit Darmo Citraland Pakuwon G
Slide 6: Developments overview
RAMP–UP DEVELOPMENTS MATURE DEVELOPMENTS MATURE DEVELOPMENTS INDUSTRIAL MATURE DEVELOPMENTS HOSPITALITY • Ngoro Industrial Park 1 (50%) 215 Ha MATURE DEVELOPMENTS MIXED-USE & HIGH-RISE • Graha Residen TOWNSHIPS & ESTATES • 1Park Residences 1.2 Ha (Divested in 2010) (98% sold) • Graha Famili 280 Ha (
Slide 7: Performance Highlights
PERFORMANCE HIGHLIGHTS Aeropolis „ 1st Project : Aeropolis Residence - 1,194 apartment and retail units (sold out) „ 2nd Project : Aeropolis Commercial Park - 40 units (1 tower) sold during soft launching in May 2012 ID Homes: Serenia Hills „ Phase 1 (Regent Cluster) ‟ More than 63% sold (of 151 uni
Slide 8: 1Q Financial Highlights
1Q 20 12 FINANCIAL HIGHLIGHTS „ Revenue : IDR 278.6B Revenue declined „ A bunch of revenue 9.3% awaited project completion Gearing was low „ Loan was used to fund at 26.2% new project initiatives debt-to- equity „ Asset : IDR 5,865.5B New Asset increased „ Substantial increase in Developments Invent
Slide 9: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY * Fully diluted EPS is based on a total of 10.3 billion outstanding shares post-rights, and 2.1 billion outstanding warrants (post rights issue and post stock split) Private & Confidential 9
Slide 10: Project Highlights 2012
PROJECT HIGHLIGHTS 2012
Slide 11: 1Park Avenue and 1Park Residences
1Park 1Park Avenue Avenue MIXED-USE & HIGH-RISE 1Park Avenue: High-Rise & Landed (South Jakarta) Build-up momentum of 1Park Residences. Finalizing master plan, likely to consist of condominium towers and landed residentials • To launch in 2H2012 • Bigger & higher-quality units than 1Park Residences
Slide 12: South Quarter (TB Simatupang)
MIXED-USE & HIGH-RISE South Quarter (TB Simatupang) (South Jakarta) Our vision for this project is to develop a high quality “international grade A” office park with residential and retail facilities catered to MNCs • In the final phase of the permit approval process • Total of 7 Ha in Phase 1 (subd
Slide 13: Aeropolis
Aeropolis Residence TOWNSHIPS & ESTATES Aeropolis (Tangerang) An integrated mixed-use development comprising facilities for residentials, offices, hotel, commercial and retails. Phase 1 : 14 ha, comprising of : • Aeropolis Residence (5.1 Ha) • 1,194 apartment + retail units ‟ 100% sold (1.1 Ha) • AS
Slide 14: Graha Natura and Graha Famili
TOWNSHIPS & ESTATES Graha Natura (West Surabaya) Middle-up segment Capitalizing the success of Graha-Famili • Total area : 80 Ha • Block B, C & D - 70% sold (194 units out of 281 units) • Launching Block A • Land development, infrastructure for 1st few blocks completed as well as marketing office •
Slide 15: ID Homes: Serenia Hills
TOWNSHIPS & ESTATES ID Homes: Serenia Hills (South Jakarta) New expanding homebuilder business unit : successful launch of 2nd project Mature location : faster execution and selling • Phase 1 (9 Ha) : • Regent Cluster (5 Ha) - 151 units, ASP : IDR 2.0 ‟ 2.5B per unit - More than 63% sold • Signature
Slide 16: Ngoro Industrial Park
INDUSTRIAL ESTATES Ngoro Industrial Park Very strong demand since 2011 – we are expediting land acquisition and new site searches in East Java. Selling price has doubled since last year. Phase 1 Phase 2 NIP 1 (50% Owned) - Almost entirely sold out NIP 2 (100% Owned) • 225 Ha acquired, looking to acq
Slide 17: Intiwhiz Hotel Chain
HOSPITALITY Intiwhiz Hotel Chain Our own branding, limited service hotel chain is ramping up rapidly. Whiz Hotel Yogyakarta • Affordable, Practical and Stylish Hotel for the Smart Traveler • Providing Easy Access, Good Sleep, Good Shower, Info-Connectivity, Modern Style, and Friendly Staff • Total 2
Slide 18: Other Portfolios
OTHER PORTFOLIOS
Slide 19: Talaga Bestari
TOWNSHIPS & ESTATES Talaga Bestari (Balaraja, Tangerang) Educational township. Shift from low to middle market segment Total planned area : 265 Ha Commercial Cluster : “Jungle Walk” NEW Cluster • Phase 1 : 40 Shophouses (96% sold), ASP : IDR 360M per unit 210 Kiosks (50% taken up), ASP : IDR 88M
Slide 20: Graha Festival
MIXED-USE & HIGH-RISE Graha Festival (Graha Famili, West Surabaya) Spanning along 2km boulevard, Graha Festival will be the longest commercial belt in West Surabaya Located right in the center of the inner ring road of West Surabaya, Graha Festival has a very strategic location. With the city govern
Slide 21: Spazio and National Hospital
MIXED-USE & HIGH-RISE Spazio (75% owned) (West Surabaya) Mixed-use development as a part of Graha Festival 74% sold. Construction 83% completed. Spazio • Total area : 2 Ha • Joint operation project • Phase 1 (0.8 Ha) : - low-rise strata-title offices (14,459 sqm.) - low-rise retails (4,188 sqm.) • P
Slide 22: Sumatra 36 and Praxis
Sumatra 36 MIXED-USE & HIGH-RISE Sumatra 36 (Central Surabaya) High-end apartment tower in the city center • Total area : 0.2 Ha • 63 luxury downtown apartment units • Current ASP : IDR 16M per sqm. • Approx. 8,000 sqm. in 1 to 4 bedroom configurations & penthouses Praxis Praxis (Planned) (CBD Surab
Slide 23: Kebon Melati, Regatta, WestOne City
Kebon Melati MIXED-USE & HIGH-RISE:OTHERS Kebon Melati (55%, Unnamed Project, Planned) (CBD Jakarta) • Phase 1 : 1.8 Ha (55%) and Phase 2: 2.2 Ha (100%) acquired • In talks for possible JV • To launch in 4Q2012 Regatta, Phase 1 Regatta (50% owned) (Pantai Mutiara, North Jakarta) • Joint-Operation Pr
Slide 24: Intiland Towers Jakarta and Surabaya
MIXED-USE & HIGH-RISE : OFFICE BUILDINGS Intiland Tower Jakarta (Jl. Jend Sudirman, CBD Jakarta) • Completed in 1986 • Land Area : 0.8 Ha • Saleable area : 31,000 sqm. • 98% Occupancy • Avg. Rental Rate : IDR 130,000 per sqm. / mth Intiland Tower Surabaya (CBD Surabaya) • Completed in 1997 • Land Ar
Slide 25: Development Pipeline
DEVELOPMENT PIPELINE
Slide 26: Development Pipeline: Townships & Estates
DEVELOPMENT PIPELINE : TOWNSHIPS & ESTATES Private & Confidential 26
Slide 27: Development Pipeline: Mixed-Use & High-Rise
DEVELOPMENT PIPELINE : MIXED-USE & HIGH-RISE Private & Confidential 27
Slide 28: Development Pipeline: Mixed-Use & High-Rise (Recurring)
DEVELOPMENT PIPELINE : MIXED-USE & HIGH-RISE (RECURRING) Private & Confidential 28
Slide 29: Development Pipeline: Industrial
DEVELOPMENT PIPELINE : INDUSTRIAL Private & Confidential 29
Slide 30: Development Pipeline: Intiwhiz Hotel Chain
DEVELOPMENT PIPELINE : INTIWHIZ HOTEL CHAIN Private & Confidential 30
Slide 31: Potential Locations: Intiwhiz Hotel Chain
POTENTIAL LOCATIONS: INTIWHIZ HOTEL CHAIN Private & Confidential 31
Slide 32: Appendices
APPENDICES
Slide 33: Key Corporate Milestones
KEY CORPORATE MILESTONES Founding “Good Old Days” of Rapid Growth Restructuring Years Rejuvenation, New Direction 1997-2007 continued Jun 2007 Debt-Equity Swap 1997-98 Asian Financial Crisis 1970s Founder 1983 Group was 1990 One of the converting Rp 1.1 Trillion ops as going concern Hendro officiall
Slide 34: Board of Commissioners
BOARD OF COMMISSIONERS Cosmas Batubara Dr. Cosmas graduated from the University of Indonesia in 1974 and obtained his PhD from the Faculty of Social and Political Sciences, University of Indonesia in 2002. He served previously as a Member of the Indonesian Parliament from 1967 to 1978. In 1978, he w
Slide 35: Board of Directors
BOARD OF DIRECTORS Hendro S. Hendro is the founder of Intiland Development. He brings with him more than 37 years of invaluable experience in the property Gondokusumo development business. He was Vice President Commissioner of the Company from 2007 to 2011. Prior to that he was President Director of
Slide 36: Board of Directors (Cont'd)
B O A R D O F D I R E C T O R S ( C o n t ‘ d) Utama Gondokusumo Utama graduated from Purdue University Indiana, USA, majoring in civil engineering. His experiences in the property business began when he joined McCarthy Construction and CCS Planning & Engineering in San Fransisco as its engineer. He
Slide 37: Disclaimer and Confidentiality
DISCLAIMER AND CONFIDENTIALITY We caution readers that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including devel
Slide 38: Contact Person
Contact Person: Marina Shi Corporate Finance AVP PT Intiland Development Tbk Tel : +62 21 5701912 (ext. 1887) Fax: +62 21 5700015 marina.shi@intiland.com Theresia Rustandi Corporate Secretary PT Intiland Development Tbk Tel : +62 21 5701912 (ext. 1846) Fax: +62 21 5700015 theresia.rustandi@intiland.
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