PT Lippo Karawaci Tbk : Presentation to Investors (Financial Results Q1 2025) (LPKR 1Q25 Corporate Presentation)

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PT Lippo Karawaci Tbk 1Q25 Corporate Presentation 7 May 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 sustainable 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 responsible 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 2.06tn in 1Q25 Total Assets: IDR 51 tn in 1Q25 Total Equity: IDR 31 tn in 1Q25 Widespread presence in 56 cities and 26 provinces across Indonesia Revenue breakdown: 84% Real Estate, 16% Lifestyle business (as of 1Q25) 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 371 ha landbank in Lippo Village 474 ha landbank in Lippo Cikarang 343 ha landbank in Tanjung Bunga 192 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 access to healthcare Complete healthcare service offerings: Hospitals Clinics Digital healthcare, homecare, and other supporting services 41 hospitals 73 clinics 23 provinces 4,423 GPs, specialists, dentists 9,759 nurses and medical professionals Healthcare SILO has yet to publish its 1Q25 financial results, pending completion of the limited review process. Real Estate and Lifestyle segments deliver positive performance in 1Q25. Real Estate 1Q25 Marketing Sales reached IDR 1.26tn , achieving 20% of the FY25 target , reflecting resilient demand across key projects for affordable landed house across multiple regions. Revenue grew 39% YoY to IDR 1.74tn , supported by early handovers of residential and commercial units, while remained stable at IDR EBITDA 321bn , highlighting in time project deliveries. New product launches, such as Park Serpong Phase 4 and Blackslate Series in Tanjung Bunga, recorded strong take-up rates of 96% and 88% respectively , driving continued sales momentum and reinforcing strong end-user interest in affordable landed housing. Lifestyle Lifestyle revenue rose 13% YoY to IDR 322bn , while EBITDA increased 59% YoY to IDR 106bn , driven by stronger tenant leasing momentum and continued cost optimization initiatives across mall and hotel operations. Mall footfall averaged over 11 million visitors per month , marking an 8% YoY increase , while mall occupancy improved to 82.2% , up 3% YoY, reflecting stronger retail recovery and higher tenant demand across major locations. Average hotel room rates rose 8% YoY to IDR 641k , surpassing pre-pandemic levels, although average hotel occupancy softened slightly to 54% amid a transitional market environment following seasonal holidays. Revenue EBITDA (in IDR bn) (in IDR bn) +39% 0% 0% +31% -7% +1% +5% -5% 4,563 1,143 489 1 2,064 1,574 (1) (2,989) 395 1 3 375 (748) (25) 1Q24 SILO 1Q24 Real Estate Lifestyle Holdco 1Q25 1Q24 SILO 1Q24 Real Estate Lifestyle Holdco 1Q25 Statutory Deconsolidation Proforma 1 Development Statutory Statutory Deconsolidation Proforma 1 Development Statutory On a like-for-like basis, LPKR delivered proforma revenue growth of 31% YoY in 1Q25 , driven by 39% YoY increase in Real Estate Development revenue, supported by (i) early handovers of the Park Serpong and Cendana Essence in Karawaci, as well as Cendana Spark and Waterfront in Cikarang, and (ii) stronger performance from the Town Management business. LPKR recorded EBITDA of IDR 375bn in 1Q25 , sightly down by 5% YoY on a like-for-like basis. The decline was primarily driven by lower margins in the Real Estate segment, due to a different product mix. Meanwhile, the Lifestyle segment delivered positive EBITDA growth, underscoring the strength and resilience of LPKR's diversified business model. Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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