PT Lippo Karawaci Tbk : Presentation to Investors (Financial Results 9M 2025) (LPKR 9M25 Company Presentation)

About this update from Pt Lippo Karawaci Tbk

PT Lippo Karawaci Tbk 9M25 Corporate Presentation 7 November 2025 Mission Values Vision To be a leading real estate and healthcare company in Asia, advancing the wellbeing of those we serve. To win the hearts and minds of our customers through quality homes, healthcare and lifestyle offerings, as well as people-centric services. To build a talent-driven organization that prides itself on operational excellence and bringing out the best in our people. To embrace innovation and technology in the constant pursuit of developing better products and processes. To inspire our customers, communities, and partners towards a more sustai nable future. AGILITY Thrive in dynamic environments and anticipate change. Innovate and capitalize on new opportunities. CUSTOMER FOCUS Put the customer first in every aspect of our business. Go the extra mile to earn customer trust and loyalty. EXCELLENCE Strive to be the best and uphold the highest standards of quality without compromise. Unleash the full potential of our talent to deliver outstanding performance. STEWARDSHIP Be responsibl e for our resources, environment and communities. Create lasting, positive impact for all stakeholders in our ecosystem. Leader in Fully Integrated Estate Operations - Scale, Integration and Financial Discipline: Total Revenue: IDR 6.5tn in 9M25 Total Assets: IDR 49.3tn in 9M25 Total Equity: IDR 31.0tn in 9M25 Widespread presence in 56 cities and 26 provinces across Indonesia Revenue breakdown: 85% Real Estate, 15% Lifestyle business (as of 9M25) Real Estate Large landbank and strong growth in marketing sales that is expected to remain elevated in coming years, generating positive cashflow End-to-end revenue streams: Real Estate Development Township Management Water treatment and other supporting services 80+ property development projects for sale 366 ha landbank in Lippo Village 466 ha landbank in Lippo Cikarang 342 ha landbank in Tanjung Bunga 164 ha landbank in various locations Lifestyle Malls, hotels, and ancillary business assets that are profitable and supplement the main business by providing regular dividend income Wide range of business portfolio: Malls Hospitality Food catering, parking, and other ancillary businesses 59 managed malls 10 hotels 17 provinces 2.5+ million m2 mall NLA 260+ millions annual mall visitors Healthcare Investment in the largest hospital operator in Indonesia, delivering clinical excellence and accessible healthcare Complete healthcare service offerings: Hospitals Clinics Digital healthcare, homecare, and other supporting services 41 hospitals 73 clinics 23 provinces 4,531 GPs, specialists, dentists 9,962 nurses and medical professionals Real Estate segments supported topline growth in 9M25; Healthcare performance shows recovery Real Estate 9M25 Marketing Sales reached IDR 4.02tn , achieving 64% of the FY25 target , This performance highlights sustained demand across affordable and premium landed housing in key regions. Revenue grew 74% YoY to IDR 5.51tn , supported by timely handovers of landed residential, high-rise, and commercial units across various projects, while EBITDA rose by 4% at IDR 843bn , supported by operational efficiencies and effective execution. The newly launched products include innovations in the premium series such as Belmont Homes, Bentley Homes, and The Allegra, as well as various new product types in the affordable housing series, including Treetop Livin, Gold Livin, Bronze Livin, and Quartz Livin. Lifestyle Lifestyle revenue stable at IDR 994bn , while EBITDA increased 21% YoY to IDR 335bn , driven by stronger tenant leasing momentum and continued cost optimization initiatives across mall and hotel operations. Mall footfall averaged over 11.1 million visitors per month , marking a 7 % YoY increase , while mall occupancy improved to 84.1% or increased by 5% YoY, reflecting stronger retail higher tenant demand recovery and across major locations. Average hotel room rates grew 2% YoY to IDR 635k , exceeding pre-pandemic levels, while occupancy strengthened to an average of 60% , rebounding from the soft levels seen in 1Q25 and 2Q25. covering different area. Currently, Siloam owns 5 robotic surgery. advanced surgery technologies such as robotic Healthcare Siloam's 9M25 performance is a pivoting quarter for Siloam signaling a return to growth, with revenue booked at IDR 7.29tn , increased by 3% YoY from 9M24. EBITDA stable at IDR 2.08tn with 29% EBITDA margin Overall throughput has been softer with outpatient visits recorded at 3,208,950 visits in 9M25. Both inpatient days and inpatient admissions reached 742,102 days and 234,724 visits. To achieve a better patient outcome, Siloam has invested in LPKR delivered 52% increase in revenue on a like-for-like basis, driven by +74% increase in Real Estate segment Revenue (in IDR bn) EBITDA (in IDR bn) +74% -12% 0% +52% +4% -12% -17% +4% 2,341 6,509 4,288 (120) (1) (4,963) 9,251 2,178 962 33 36 997 (1,216) (34) 9M24 SILO 9M24 Real Estate Lifestyle Holdco 9M25 9M24 SILO 9M24 Real Estate Lifestyle Holdco 9M25 Statutory Deconsolidation Proforma 1 Development Statutory Statutory Deconsolidation Proforma Development Statutory LPKR recorded revenue of IDR 6.51tn , increased by 52% YoY on a like-for-like basis. The increase was driven by the performance of real estate development from the handover of landed houses at Park Serpong. LPKR reported EBITDA of IDR 997bn in 9M25 , a 4% YoY increase on a like-for-like basis, mainly attributable to margin compression in the Real Estate segment resulting from a change in product mix. Underlying NPAT grew 8% YoY to IDR 442bn in 9M25, supported by lower financing costs and improved associate contributions Consolidated Profit and Loss 1 (in IDR bn) EBITDA by Segment (in IDR bn) Real Estate 15% 26% In IDR bn 9M 25 9M 24 Var IDR (YoY) % Revenue 6,509 9,251 (2,742) -30% EBITDA 2 997 2,178 (1,181) -54% EBITDA margin 15% 24% Income from Associates 499 151 348 230% Net Interest Expense (256) (746) 490 -66% Amortization and Depreciation (140) (340) 200 -59% Taxes (199) (374) 176 -47% Others 3 (459) (458) (1) 0% Underlying NPAT 442 411 31 8% Underlying NPAT margin 7% 4% Non-Operational and One-Off Items 4 (74) 18,307 (18,381) NM NPAT 368 18,718 (18,350) -98% NPAT margin 6% 202% 843 811 9M 25 9M 24 Lifestyle 34% 27% 335 278 ¹ 9M24 includes Siloam financials & 9M25 excludes Siloam financials after its deconsolidation 2 EBITDA excludes non-cash adjustment of Siloam's historical assets write-down in 2024 3 Others mainly consist of the rental equivalent expense component from the PSAK 73 leasing calculation 4 Non operational accounting adjustment from SILO one off in 2024, bonds buyback, FX as well as impact from sale & deconsolidation of SILO 9M 25 9M 24 = EBITDA margin 7 Liquidity remained strong supported by lower financing costs and debt repayment in 9M25 Cashflow Movement (9M25) Remarks (in IDR bn) Operating Cash Flow (175) (1,817) 2,178 3 (125) (4,676) 3,638 Net outflows driven by the Company's focus on completing and delivering several projects this year. 5,328 Cash at beginning Collections from Customers Payments to Contractors/Suppliers and others Net Interest Expense Cash from Investing Activities Cash from Financing Activities Forex Impact Cash at the end Net interest expense dropped significantly to IDR 175 billion in 9M25, from IDR 765 billion in the same period last year, reflecting our successful deleveraging initiatives and commitment to ensuring sustainable cash flow generation going forward. Financing Cash Flow LPKR has secured a new BTN loan facility to refinance its syndicated Cash from Operating Activities loan, providing a more competitive interest rate of BI 7D RR + 1.4% to 1.75% margin. Balance sheet strengthened with 100% IDR-denominated debt and improved maturity profile Debt Breakdown Debt Maturity Profile (in IDR bn) 0% 100% IDR debt (bank loans) 336 367 429 76 2,857 USD debt (bonds) IDR debt (bank loans) 2025 2026 2027 2028 2029-2032 Historical Net Debt (in IDR bn) Rating Action 7,395 0.22 10,732 0.46 8,586 0.38 12,562 11,730 1,104 0.04 2,752 0.09 CFR: B3 (positive) (as of 3 October 2024) 0.59 0.66 2019 2020 2021 2022 2023 2024 9M 25 DER Consolidated net debt SEGMENT 1: REAL ESTATE OVERVIEW Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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