Corporate Presentation 2Q 2014 PT Intiland … 2014 PT Intiland Development Tbk Regatta, North Jakarta Intiland. Developing Your World. Disclaimer 2 We caution readers that all statements
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Corporate PresentationSeptember 2014
PT Intiland Development Tbk
Regatta, North Jakarta
Intiland. Developing Your World.
Disclaimer
2
We caution readers that all statements other than statements of historical fact included in this document, including withoutlimitation, those regarding our financial position, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to our existing and future products), are forward-lookingstatements.
Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause ouractual results, performance or achievements or industry results, to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding our present and future business strategiesand the environment in which we expect to operate in the future.
We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statementscontained herein to reflect any change in our expectations with regards hereto or any change in events, conditions orcircumstances on which any such statements is based.
This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only.This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/orpurchase any shares in any proposed venture.
Contents
3
Corporate Overview 4
Corporate Structure 5
Management Team 6
Core Portfolio 7
Projects Location 8 - 10
Land Bank 11
Growth Strategy 12
Why Intiland 13
Marketing Sales 14 - 16
Key Projects 17 - 24
Other Projects 25 - 33
Recurring Income Projects 34 - 40
Financial Highlights 41 - 45
Appendix 46 - 47Regatta, North Jakarta
Corporate Overview
4
• Established in 1983 and listed on IDX in 1991 (DILD:IJ).
• More than 40 years experience in developing over 40 projects in Jakarta and Surabaya.
• The main products are superblock, high-rise and low rise residential, industrial estate and investment properties.
• A pioneer and trend setter in developing successful premium projects.
PT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focuson developing superblock and high rise residential premium projects located in Jakarta and Surabaya tocater the middle to middle up segments.
A brief about the company
First reclaimed housing development in South East Asia.
First green building in Indonesia designed by Paul Rudolph.
First golf-themed luxurious residential development in Surabaya.
First luxury sea-front condominium in Jakarta.
Pantai MutiaraIntiland Tower
Jakarta Regatta Graha Famili
Corporate Structure
5
Truss Investment Partners22.24%
Strands Investments Ltd
19.89%
Public <5%50.63%
PT Taman Harapan Indah
100%
PT Intiland Grande100%
PT Intiland Esperto100%
PT Intiland Infinita30%
Others
Developing over 40 existing and future projects covering superblock, high-rise and low-rise residential, industrial estate and investment properties
As of 30 September 2014
No. of Outstanding Shares : 10,365,854,185 shares @Rp 250Market Capitzalization : Rp 6.0tn (~USD 492mn) @Rp 580 Book Value : Rp 4.2tn (~USD 347mn) @Rp 408RNAV as of 31 Dec 2013 : Rp 18.2tn (~USD 1,490mn) @Rp 1,755
RBC SingaporeClients Account
7.24%
Management Team
6
Cosmas BatubaraPresident Commissioner
Lennard Ho Kian GuanVP Commissioner
Thio Gwan Po MickyIndependent Commissioner
Walman SiahaanCommissioner
Jahja AsikinCommissioner
Ping HandayaniCommissioner
Hendro S. GondokusumoPresident Director & CEO
Suhendro PrabowoVP Director & COO Jakarta 1
Sinarto DharmawanVP Director & COO Surabaya
Irene P. RahardjoIndependent Director
Ricky HolilExecutive Director & CFO
Archied Noto PradonoExecutive Director
Utama GondokusumoExecutive Director &
COO Jakarta 2
Moedjianto S. TjahjonoExecutive Director
B O A R D O F C O M M I S S I O N E R S
B O A R D O F D I R E C T O R S
The Board of Commissioners and the Board of Directors have been with the company for more than 25 years in average andhave extensive market-oriented knowledge and experience in the Indonesian property industry.
Core Portfolio
7
SuperblockMixed-Use
• Ngoro Industrial Park ●
• Intiland Tower
Jakarta ●
• Intiland Tower
Surabaya ●
• South Quarter ● ●
• Kebon Melati ● ●
• Praxis ● ●
• Spazio ●
• Others ● ● ● ● ●
• Regatta ●
• 1 Park Avenue ●
• Sumatra 36 ●
• Pinang
Residence ● ●
• Beach Terrace
Apartment ● ●
• South Quarter ●
• Aeropolis ●
• Kebon Melati ● ●
• Pantai Mutiara ● ●
• West One City ● ●
• Praxis ●
• Graha Festival ●
- Spazio
- Spazio Tower
ResidentialHigh-Rise
Investment Properties
• Serenia Hills ●
• Graha Famili ●
• Graha Natura ●
• Talaga Bestari ●
ResidentialLow-Rise
The Company develops various products classified into superblock, high-rise and low rise residential, industrial estate andinvestment properties. Some of the existing and future projects are as follows:
● Jakarta ● Surabaya ● Tangerang ● Mojokerto ● Others ● Pipeline projects
Industrial Estate
Development Income Recurring Income
Projects Location
8
Diversified projects located in strategic location focusing on developing superblock and residential in Jakarta and Surabaya.
●●●
Grand Whiz Kelapa GadingWhiz Prime Kelapa Gading
Whiz Hotel CikiniJakarta
Tangerang:Talaga BestariMaja** ● Ngoro Industrial Park,
Mojokerto●
Whiz Hotel Semarang
●Whiz HotelYogyakarta
Superblock
●
●●●●
Industrial Estate
Hotel
Surabaya:Graha FamiliGraha Natura
Jakarta:South Quarter
Aeropolis*Kebon Melati
* Pantai Mutiara*West One City
Intiland Tower Jakarta
Surabaya:PraxisIntiland Tower SurabayaSumatra 36Graha Festival:- Spazio- Spazio Tower- National Hospital
Jakarta:Serenia Hills
1 Park AvenueRegatta
*Pinang Residence*Beach Terrace Apartment
* Pipeline projects** Landbank for future developent
PAPUA
SULAWESI
KALIMANTAN
SUMATRA
JAVA
●
●
●
●
●
●
Residential
●BaliGrand Whiz Nusa Dua
●
Whiz Prime Cifest Cikarang
●
Grand Trawas Hotel,Mojokerto
Our projects in Jakarta are located strategically along major transportation infrastructure, and proposed futuredevelopments
●
Suvarna
Sutera
Citra Raya Lippo Village
TalagaBestari
Alam Sutera
Summarecon Serpong
Maja
Intiland Tower
Pantai Mutiara
Regatta
Serenia Hills
South Quarter
1 Park Avenue
Pinang Residence
Kebon Melati
Aeropolis
West One City
Taman Semanan
●●
●
●●●
●
●●
Tanjung PriokPort
InternationalAirport●
●
●
● Superblock● Residential
Projects Location in Jakarta
9
BSD City
Our projects in Surabaya are located in the CBD area and West Surabaya area, a developed residential area.
Projects Location in Surabaya
10
Tanjung PerakPort
●Graha Famili
●Graha Natura
● Superblock● Residential● Industrial
InternationalAirport
●Praxis● Intiland Tower
● Sumatra 36
●Graha Festival:- Spazio- Spazio Tower- National Hospital
●Ngoro Industrial Park
CitraLandPakuwon Golf
Bukit Darmo Golf
Landbank
11
Total landbank as of 31 December 2013 was over 2,000 ha.
No Category Project Location Structure % Ownership Gross Area
1 Superblock South Quarter TB Simatupang, South Jakarta Own 100% 7.2 ha
2 Superblock Aeropolis Cengkareng, West Jakarta Own 100% 389.3 ha
3 Superblock Kebon Melati Kebon Melati, CBD Jakarta Joint 55% - 100% 4.2 ha
4 Superblock West One City Daan Mogot, West Jakarta Joint 40% 20.8 ha
5 Superblock Graha Festival West Surabaya Joint 75% 7.1 ha
6 Superblock Praxis CBD Surabaya Own 100% 11.0 ha
7 Residential - High rise 1 Park Avenue Gandaria, South Jakarta Own 100% 6.7 ha
8 Residential - High rise Regatta Pantai Mutiara, North Jakarta Joint 50% 8.4 ha
9 Residential - High rise Breeza Pantai Mutiara, North Jakarta Own 100% 1.6 ha
10 Residential - High rise Pinang Residence Pondok Pinang, South Jakarta Own 100% 2.3 ha
11 Residential - High rise Sumatra 36 CBD Surabaya Own 100% 0.2 ha
12 Residential - Low rise Talaga Bestari Cikupa, Tangerang Own 100% 69.1 ha
13 Residential - Low rise Graha Famili West Surabaya Joint 75% 5.0 ha
14 Residential - Low rise Graha Natura West Surabaya Own 100% 59.5 ha
15 Residential - Low rise Serenia Hills Lebak Bulus, Jakarta Own 100% 18.9 ha
16 Residential - Low rise Jajar Tunggal West Surabaya Own 100% 4.9 ha
17 Residential - Low rise Maja Banten, Tangerang Own 100% 1,106.0 ha
18 Industrial Estate Ngoro Industrial Park Ngoro, Mojokerto Own 100% 67.2 ha
19 Industrial Estate Industrial Estate Greater Surabaya Own 100% 35.2 ha
20 Investment Property & Others
Hotels, Offices, Sports Clubs, others
Various location Own & Joint 20% - 100%
Growth Strategy
12
Organic Growth
Acquisition Growth
Strategic Partnership
Capital & Investment Management
• Focus on developing the existing projects mainly in Jakarta and Surabaya.
• Maximize the value of existing asset portfolio. E.g. Superblock & high-rise.
• Acquisition of land surrounding the existing projects.
• Strategic acquistion to support the company’s vison and mission.
• Focus on the company’s core business. E.g. South Quarter
• Increase the long term stakeholders’ value through prudent acquisition.
• Strengthen the company’s position through strategic partnership.
• Successful track record in developing joint projects with many partners.
• Support a strong balance sheet for project execution.
• Manage the cash flow to sustain the growth and profitability.
• Prudent financing to manage the risks.
• Expand the global network to support financing strategy.
MISSIONTo be reputed as a transparent, trustworthy and trendsetting property developer committed to
highly sustainable and long-term growth and profitability that deals fairly with all stakeholders.
VISIONTo make possible the experience of not only living, but living well throughout Indonesia.
Why Intiland?
13
Diversified projects
Big landbank
Proven experience & track record
Growth of recurring income
Strong balance sheet
More than 2,000 ha of landbank to ensure the
sustainable growth of the company.
Experienced management in executing successful
pioneer projects.
Increasing the recurring income to strengthen the cash flow
Low gearing to support the financing of project development.
Strategic location supported by good concept, facilities & infrastructure.
Sustainable Growth and Profitability
Marketing Sales
15
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rop
olis
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ter
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ati
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ha
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s
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ow
er
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ice
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ha
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ili
Sum
atra
36
Spo
rt C
lub
Inti
wh
iz
482
294 258 253 247
192 189 180 139 138 128 101 81 68 47 26
2014 Marketing Sales Target Rp 2.8tnin billion Rupiah
2009 2010 2011 2012 2013 9M 2014 E 2014
339
1,109 1,172
1,650
2,535
1,802
2,800
Marketing Salesin billion Rupiah
44%
42%
6%8%
Marketing Sales 9M14Rp 1.802tn
Superblock Residential Industrial Estate Investment Properties
Ae
rop
olis
Reg
atta
Sou
th Q
uar
ter
Sere
nia
Hill
s
Gra
ha
Nat
ura
Spaz
io
Ngo
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ark
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Re
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Pra
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Gra
ha
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ili
Inti
wh
iz
Sum
atra
36
Pu
ri P
erm
ata
Pac
itan
358
289 245
137 134 118 111 104 82 76 58 39 24 17 12 0.1
9M 2014 Marketing Sales Rp 1.802tnin billion Rupiah
Marketing Sales
16
Rp bn % Rp bn % Rp bn % Rp bn % Rp bn % Rp bn %
Superblock 190 12% 742 29% 384 61% 210 38% 203 33% 796 44%
South Quarter - 0% 402 16% 95 15% 38 7% 112 18% 245 14%
Spazio 32 2% - 0% - 0% 118 21% - 0% 118 7%
Aeropolis 159 10% 141 6% 284 45% 45 8% 28 5% 358 20%
Praxis - 0% 200 8% 4 1% 9 2% 63 10% 76 4%
Residential 1,210 73% 1,290 51% 98 15% 282 51% 377 61% 757 42%
High-rise Residential 563 34% 590 23% 27 4% 90 16% 288 46% 405 22%
Regatta 43 3% 81 3% - 0% 16 3% 273 44% 289 16%
Sumatra 36 28 2% 4 0% 9 1% 4 1% - 0% 12 1%
1 Park Avenue 397 24% 484 19% 18 3% 70 13% 16 3% 104 6%
1 Park Residence 88 5% 21 1% - 0% - 0% - 0% - 0%
Pinang Residence 8 0% - 0% - 0% - 0% - 0% - 0%
Low-rise Residential 647 39% 700 28% 71 11% 193 35% 89 14% 353 20%
Serenia Hills 194 12% 344 14% 36 6% 103 19% (2) 0% 137 8%
Talaga Bestari 168 10% 67 3% 5 1% 36 7% 16 3% 58 3%
Graha Famili 55 3% 52 2% - 0% 24 4% - 0% 24 1%
Graha Natura 206 12% 174 7% 30 5% 30 5% 75 12% 134 7%
Platinum - 0% 13 1% - 0% - 0% - 0% - 0%
Taman Semanan Indah 24 1% 47 2% - 0% - 0% - 0% - 0%
Puri Permata Pacitan 1 0% 2 0% - 0% 0.1 0% - 0% 0.1 0%
Industrial Estate 115 7% 337 13% 101 16% 10 2% - 0% 111 6%
Ngoro Industrial Park 115 7% 337 13% 101 16% 10 2% - 0% 111 6%
Investment Properties 135 8% 166 7% 50 8% 47 9% 41 7% 138 8%
Intiwhiz 19 1% 25 1% 8 1% 9 2% - 0% 17 1%
Sport Club 35 2% 45 2% 13 2% 12 2% 14 2% 39 2%
Office Rental 81 5% 96 4% 29 5% 26 5% 27 4% 82 5%
Others - 0% - 0% - 0% - 0% - 0% - 0%
Total Marketing Sales 1,651 100% 2,535 100% 632 100% 549 100% 621 100% 1,802 100%
Development Income 1,515 92% 2,370 93% 582 92% 502 91% 580 93% 1,664 92%
Recurring Income 135 8% 166 7% 50 8% 47 9% 41 7% 138 8%
1Q 2014 2Q 2014 3Q 2014 9M 20142013Projects
2012 Summary:
FY 2014 marketing sales target is Rp 2.8 tn.
9M 2014 marketing sales is Rp 1.802tn (64% of FY14 target).
9M 2014 marketing sales breakdown based on catergory:
- Superblock Rp 796bn (44%)
- Residential Rp 757 bn (42%)
- Industrial Estate Rp 111bn (6%)
- Investment properties Rp 138bn (8%)
Launching Plan in 2014:
- Regatta (London & New York apartment towers)
- Aeropolis (Technopark Aeropolis warehouse complex)
- Spazio Tower (Strata-title office tower)
- Serenia Hills (Venture cluster)
- 1 Park Avenue (1 Park Homes)
South Quarter is a 7.2 ha mixed-use and high-rise development comprising three office towers, two residential towers andsupporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.
South Quarter - Superblock
18
Office Tower A (Strata)
Office Tower B (Lease)
Office Tower C (Lease)
Phase 2 – 2.7 ha(Future development)
Phase 1 - 4.4 ha
Phase 1
Type : Superblock
Total area : 7.2 ha (1st Phase 4.4 ha, 2nd Phase 2.7 ha)
Location : TB Simatupang, South Jakarta
Infrastructure : Toll road, future MRT, shuttle bus
Design : WS Atkins
No. of foor : 20 floors, 3 basements
Phase 1 Information
Construction cost : Rp 1.2tn
Launched : 4Q 2012
Construction : 2Q 2012
Project completion : 58.82%
Expected completion : 2Q 2015
Office Tower Tower A Tower B & C
Semi gross area : 39,281 sqm 78,562 sqm
Market : Strata title Leased
Sold : 29,664 sqm (76%) -
Leased : - 2,188 sqm (6%)*
Avg. selling price 9M14 : Rp 29.6mn/sqm -
Avg. rental rate : - Rp 176,000/sqm/month
Retail
Semi gross area : 10,789 sqm
Leased : 6,542 sqm (61%)
Avg. rental rate : Rp 69,387/sqm/month (anchor 3,109 sqm)
Rp 210,737/sqm/month (specialty 3,433 sqm)
* percentage of tower B
Retail
1Park Avenue is a 2.8 ha high-rise residential project, an extension of the 1 Park Residences apartment, located in Gandaria,South Jakarta, which is close to shopping destinations, hospitals, international schools and entertainment centers.
1Park Avenue - Residential
19
Phase 1 - 4.4 ha
Type : High-rise residential
Total area : 2.8 ha
Location : Gandaria, Kebayoran Baru, South Jakarta
Infrastructure : Main road
Design : CSYA, Singapore
No. of floor : 25 floors
1st Phase Information
Construction cost : Rp 864bn (construction cost 4 towers)
Launched : 3Q 2012
Construction : 2Q 2013
Project completion : 12.55%
Expected completion : 3Q 2016
Condominium Tower 1, 2, 3
Semi gross area : 52,136 sqm (336 units)
Size (sqm) : 137.5 (2BR), 146.5 (2BR+1), 177 (3BR)
Market : Strata title
Sold : 44,365 sqm (85%)
9M14 Avg. selling price : Rp 36.3 mn/sqm
2nd Phase Information (future development)
Condominium Tower 4
Semi gross area : 18,116 sqm (112 units)
Market : Strata title
Townhouse
Total area : 0.7 ha
Unit : 17 units (200 sqm/354 sqm)
14 units (240 sqm/398 sqm)
Retail
Phase 1
Condominium
Retail
Construction Progress
Regatta is an iconic, ultra-luxurious high-rise condominium at Pantai Mutiara, North Jakarta, consists of ten apartmenttowers, a five-star hotel, a serviced apartment and Aqua Park.
Regatta - Residential
20
Phase 1 - 4.4 ha
Phase 1
Type : High-rise residential
Ownership : 50% (50% PT Global Ekabuana)
Total area : 11 ha (1st Phase 2.5 ha, 2nd Phase 1.7 ha)
Location : Pantai Mutiara, North Jakarta
Infrastructure : Main road
Design : Tom Wright (WS Atkins, UK)
No. of floor : 24 floors
Project Information
Condominium Phase 1 (4 towers) Phase 2 (3 towers)
Launched : 2Q 2006 2Q 2014
Project completion : 100% Ground breaking
Expected completion : 4Q 2009 & 2012 2017
Semi gross area : 390 units 76,985 sqm (558 units)
Size (sqm) : 206 sqm & 243 sqm 115 sqm, 130 sqm, 163 sqm
Market : Strata title Strata title
Sold : 385 units (98%) 160 units (43%)
Selling price : Rp 23 mn/sqm Rp 23.7 mn/sqm
Others
• Phase 2. London tower was launched in June 2014, while New York tower was pre-launched in June 2014.
• FIABCI Prix d’Excellence, Bali Congress Award 2010.
Retail
Phase 1
Condominium
Retail
Master plan
Phase 2Construction Progress
Aeropolis is an integrated mixed use development consisting of residential, office, hotel, commercial and retail developmentin an area of 105-hectars. This project sits on a strategic location, only 500 meters from the international airport.
Aeropolis - Superblock
21
Phase 1 - 4.4 ha
Phase 1
Retail
Phase 1
Condominium
Retail
Phase 2
Regatta Pulau H
AR1
ACR
ACP
Boutique HotelTechno
Park
F&B
Clubhosue
BoutiqueOffice
AR3
AR2
Project Facts
Aeropolis Residence (AR) 1 & 2
Aeropolis Residence (AR) 3Aeropolis Commercial Park
(ACP)Aeropolis Crystal Residence (ACR)
Boutuque HotelAeropolis
Technopark
Land Area 2 Ha 2.2 Ha 5.3 Ha 2.4 Ha 2 ha 30 ha
Development
Low Rise Apartments AR 1 (SGA 18,484 sqm) -
1,076 units AR 2 (SGA 18,409 sqm) -
952 units
Low Rise Apartments 3 towers (SGA 24,107
sqm) - 1,446 units 1 remaining tower to
launch
Low Rise Office
Tower A1 & A2 (SGA 6,811 sqm) - 105 units
3 remaining towers to launch
Low Rise Apartments 3 towers (SGA 21,107
sqm) - 646 units 3 remaining towers to
launch
2 towers (SGA 3,043sqm) - 150 units
4 remaining towers to launch
Phase 1 – 15 units (5,400 sqm land, 5,160 sqm building)
Future 429 units
Sales Update
AR 1 (17,566 sqm) -1,007 units (95%)
AR 2 - (17,702 sqm) -915 units (96%)
20,607 sqm -1,247 units (85%)
4,569 sqm - 71 units (67%) 18,845 sqm - 576 units (89%)
• 3,043 sqm - 150 units (100%)
• Will be booked in 4Q14
• Pre-sale in mid Sept 2014
ASP AR 1 - Rp 7.5mn/sqm AR 2 - Rp 7 mn/sqm
Rp 8.9 mn/sqm Rp 11.9 mn/sqm Rp 10 mn/sqm Rp 18.1 mn/sqm
Construction Progress
AR1 - 100% AR2 - 34%
Groundbreaking 100% 26.63% Not yet started Not yet started
Operational AR1 - 2Q14 AR2 - 2Q15
3Q15 3Q14 4Q14 2Q16 4Q15
Kebon Melati is a 3.2 ha mixed-use and high-rise development located in the Jakarta CBD area comprising of a moderncommercial sector along with outdoor elements such as pedestrian walkways and retail outlets.
Kebon Melati - Superblock
22
Phase 1 - 4.4 ha
Water Reservoir
Type : Superblock
Ownership : 55%
Total area : 3.2 ha (1st Phase 1.3 ha, 2nd Phase 1.9 ha)
Location : Kebon Melati, CBD Jakarta
Infrastructure : Future MRT, busway
Design : Broadway Malyan, UK
Building plot ratio : 5
Phase 1 Information
Launched : E 2015
Condominium (2 towers)
Semi gross area : 50,184 sqm (475 units)
Market : Strata title
Average selling price : E Rp 40-45 mn/sqm
Retail
Semi gross area : 8,938 sqm
Market : Leased
Average rental rate : E Rp 462,000/sqm/month
Phase 2 Information
Office tower : SGA 34,491 sqm
Boutique office : SGA 14,018 sqm
Serviced Apartment : SGA 9,726 sqm
Retail : NLA 11,141 sqm
Retail
Office Tower
Boutique Office
Serviced Apartment
Phase 2
Phase 1
Condominium
Retail
Future Project
Project Location
Grand Indonesia
Thamrin City
A 63 ha future reclamation project located in Pulau H, close to Pantai Mutiara, North Jakarta. It is part of the 17 islandsreclamation projects initiated by the Jakarta local government.
Pantai Mutiara (Reclamation) - Superblock
23
Phase 1 - 4.4 ha
Phase 1
Type : Superblock
Total area : 63 ha
Location : Pulau H, Pantai Mutiara, North Jakarta
Infrastructure : Future bridge
Masterplan : Woods Bagot
Engineering consultant : Witteveen+Bos
Project Information
Mixed-use
High-rise and low rise residential
Commercial
Others
• Obtained principle permit.
• Waiting for reclamation permit.
• Will start reclaiming the land in 2015.
Retail
Phase 1
Condominium
Retail
Phase 2
Regatta Pulau H
Future Project
New Zone Deep Sea Harbour
Water Reservoir
Water Reservoir
Pulau H
Giant Sea Wall
Future Bridge
A 21 ha future superblock project located in West Jakarta comprised of residential, retail and commercial properties withfacilities such as educational institutions, sports clubs and parking spaces.
West One City - Superblock
24
Phase 1
Type : Superblock
Ownership : 40%
Total area : 21 ha
Location : Daan Mogot, West Jakarta
Infrastructure : Train, busway, JORR toll road
Building plot ratio : 4 - 5
Project Information
High-rise residential
Strata title office
Market : Middle class
Estimated selling price : Rp 17-20mn/sqm
Others
• Completed the construction of front entrance, roads, infrastructure andmarketing office.
Phase 2
Pulau H
Marketing Office
Future Project
Serenia Hills is a premium estate that stretches over 24 hectares in Lebak Bulus, South Jakarta. In 2013, Serenia Hills receivedan awards at Housing Estate Green Property Award as Favorite Residential 2013.
Titan59 units
Ultimate46 units
Venture115 units
Cluster C30 units
Masterplan Phase 2Total area 14 ha (250 units)
Serenia Hills - Residential
26
Phase 1 Phase 2
Type Residential Residential
Land Area 10 ha 14 ha
Development Plan Regent 174 units (5 ha)Signature 51 units (4 ha)
Total 225 units
Titan 59 units (4 ha)Ultimate 46 units (4 ha)Venture 115 units (4 ha)Total 220 units
Launched 2011 & 2012 2013 & 2014
Sold Regent 171 units (98%)Signature 20 units (39%)
Total 191 units (85%)
Titan 58 units (98%)Ultimate 37 units (80%)Venture 17 units (15%)Total 112 units (50%)
Land Avg. Selling Price Rp 13.5 mn/sqm Rp 13 mn/sqm
Phase 1
Future Low Rise1 ha, 102 units. 6 Fl
SGA 13,679 sqm
Praxis is part of the development of Intiland Tower Surabaya. Located in the Surabaya Central Business District, the projectoccupies 11,000 sqm land comprising such facilities as office, apartment, retail, hotel and cinema.
Praxis - Superblock
27
HotelApartment
Office & Retail
Type : Superblock
Total area : 1.1 ha
Location : CBD Surabaya
Infrastructure : Main road
GFA : 103,390 sqm
No. of Floors : Office 5 floors, Apartment 29 floors, Hotel 18 floors,
F&B 1 floors, 3 basement
Phase 1 Information
Construction cost : Rp 723 bn
Launched : 2Q 2013
Construction : 1Q 2014
Project completion : Bored pile
Expected completion : 2017
Condominium Office
Semi gross area : 20,256 sqm 21,500 sqm
Unit : 302 units 185 units
Market : Strata title Strata title 14,700 sqm
Lease 6,800 sqm
Sold : 12,211 sqm (55%) 3,505 sqm (16%)
Leased : - -
9M4 Avg.selling price : Rp 25 mn/sqm Rp 32 mn/sqm
Hotel Retail
Semi gross area : 14,326 sqm 8,609 sqm
Unit : 288 rooms
Construction Progress
Spazio Tower is a muti function office tower in Graha Festival, West Surabaya consists of office, hotel and retail. Ths projectis the extention of Spazio building, which have the same concept.
Spazio Tower - Superblock
28
Retail
Office
HotelType : Superblock
Total area : 0.5 ha
Location : Graha Festival, West Surabaya
Infrastructure : Main road
No. of floors : 11 floors office, 6 floors hotel, 2 floors retail, 1 floors function hall, 5 floors basement
Project Information
Construction cost : Rp 382bn
Launched : 1Q 2014
Construction : 3Q 2014
Project completion : Groundbreaking
Expected completion : 4Q 2016
Office
Semi gross area : 25,072 sqm
Units : 187 units
Market : Strata title
Sold : 7,971 sqm (35%)
9M14 Avg.selling price : Rp 29 mn/sqm
Retail Hotel
Semi gross area : 3,369 sqm 2,300 sqm (103 room)
Market : Leased Leased
Multifunction
Net Leaseable Area : 904 sqm
Market : Lease
MutifunctionHotel Facility
Ngoro Industrial Park - Industrial Estate
29
Ngoro Industrial Park is a modern industrial estates complete with infrastructure and facilities for industrial factories.
Type : Industrial Estate
Total development plan : 550 ha
Location : Ngoro, Mojokerto, East Java
Infrastructure : Natural gas, power substation, waste water treatment, telecommunication
Access : Toll road, main road, 45 km from Surabaya,
50 km from Tanjung Perak Seaport, 50 km from Juanda International Airport
Project Information
Launched : 1991 (1st phase) & 2010 (2nd phase)
Industrial Estate
Sold : 245 ha (nett)
9M14 Avg. selling price : Rp 1.5mn/sqm
Lease : 6.95 ha (nett)
9M14 Avg. rental rate : Rp 19,000/sqm/month
Tenancy
Unicharm, Yakult, Roman Ceramic, Mulia Ceramic, Woodworth Wooden, Cort Indonesia, etc.
Facility & Services
Export Processing Zone, Standard Factory Building, Warehouse, Commercial Area, Clinic, Bank & ATM, Office Space, Guest House, Outdoor Sport, Police Station, Internal Security, Fire Brigade.
Graha Natura is residential project in Lontar, West Surabaya, sprawling over 80-hectare land. Graha Natura is a uniquehousing estate with a focus on healthy lifestyle, nature and eco-friendly technology.
Graha Natura - Residential
30
Project Facts
Cluster A Cluster B Cluster C Cluster D Garden Ville Soho
Land Area 7.1 ha 7 ha 4.8 ha 8.5 ha 1 ha 1 ha
Launch 2012 2010 2010 2010 2014 2014
DevelopmentLand Lots – 2 unitsHouses - 86 units
Land Lots - 67 unitsHouses - 17 units
Land lots - 45 unitsHouses - 10 units
Land lots - 94 units Houses - 31 units Houses – 24 units
Sold
Land lots - 2 units (100%)Houses - 67 units (78%)
Land lot - 67 units (100%)Houses - 14 units (82%)
Land lots - 45 units (100%)
Land lots - 94 units (100%)
Houses - 31 units (100%)
Houses - 3 units (12.5%)
Land ASP/sqm Rp 12 mn/sqm
Talaga Bestari - Residential
31
Talaga Bestari is a residential project occupying 265 hectare land space in Cikupa, Tangerang, Banten. Designed as “thefamily learning city.
Project Facts Harmony The Hills Floura The Forest Jungle Walk Plaza D’Captiva
Land Area 5.8 Ha 3.9 Ha 4.9 Ha 17.9 Ha 4 Ha 2 Ha
Development
Landed residential Harmony 214 units Harmony 2 109 Units
Landed residential 206 units
Landed residential 215 units
Landed residential 364 units
Shophouse and Kiosk Kiosks 210 units Shophouse 40 units Modern market 20
units
Shophouse 181 units
Sold
Harmony 212 units (99%)
Harmony 2 100 units (92%)
203 units (98.5%) 132 units (61%) 34 units (9.3%) Sold 41 kiosks units Leased:
28 shophouses25 kiosks20 modern market
108 units (60%)
Land ASP/sqm Rp 2.15 mn/sqm Rp 2.25 mn/sqm Rp 2.2 mn/sqm Rp 2.45 mn/sqm Rp 5.25 mn/sqm Rp 5.25 mn/sqm
Remarks Key catalyst - 30 Ha of land purchased by a major airline for training center, warehouses, dormitories
Jungle Walk The Hills
Sumatra 36 - Residential
32
Type : Residential
Total area : 0.2 ha
Location : CBD Surabaya
Infrastructure : Main road
Design : CSYA, Singapore
No. of Floors : 12 floors
Phase 1 Information
Launched : 4Q 2012
Construction : 2013
Project completion : 90%
Expected completion : 1Q 2015
Apartment
Semi gross area : 9,235 sqm
Unit : 63 units
Size : 105 sqm (2BR), 155 sqm (2BR), 175 sqm (3BR)
Market : Strata title
Sold : 3,990 sqm (26 units) 43.2%
Avg. Selling price 9M14 : Rp 25.6 mn/sqm
Sumatra 36 is a luxury downtown apartment on Sumatra Street, one of the prime addresses in Surabaya. It occupies a 2,358-square-meter land and consists of 12 floors, encompassing 63 exclusive units.
Under Construction
Master plan
Project fact:• Total area : 4.1 Ha (1.7 ha is reclaimed land)• Consist of:
• 2 Condominium tower (SGA 97,200 sqm) 1,060 units• Retail (NLA 5,679 sqm)
• Under planning stages
Project Fact:• Total area : 2.5 ha• Condominium tower (SGA 69,450 sqm) 600 units• Landed residential (25 units – ea +/-176 sqm) • Under planning and design stages
Future Project Future Project
Beach Terrace ApartmentPantai Mutiara, North Jakarta
Pinang Residence 2Pondok Pinang, South Jakarta
Future Projects - Residential
33
Intiland Tower Jakarta is the company’s flagship office building located in the Jakarta CBD area. It was designed by PaulRudolph, renowned American architect who developed the “green” concept, which reflects the tropical-themed Indonesianarchitecture. The building model was exhibited at the Museum of Modren Arts in New York.
Intiland Tower Jakarta - Investment Property
35
Type : Investment Property
Total area : 0.8 ha
Location : CBD Jakarta
Infrastructure : Main road
Design : Paul Rudolph
Floor : 24 floors, 1 basement
Project Information
Construction : 1984
Project completion : 100%
Completion : 1986
Office Tower
Net Leaseable Area : 30,353 sqm
Market : Lease
Leased : 29,377 sqm (97%)
Average gross rent : Rp 183,101/sqm/month
Intiland Tower Jakarta
Intiland Tower Surabaya - Investment Property
36
Type : Investment Property
Total area : 0.5 ha
Location : CBD Surabaya
Infrastructure : Main road
Design : Paul Rudolph
No. of foor : 12 floors, 2 basements
Project Information
Construction : 1995
Project completion : 100%
Completion : 1997
Office Tower
Net leaseable area : 16,405 sqm
Market : Lease
Leased : 13,641 sqm (82%)
Average gross rent : Rp 183,000/sqm/month
Intiland Tower Surabaya, another masterpiece by Paul Rudolph, is an office tower located in the heart of CBD Surabaya thatbecome the leading IT building in the city. Its unique design of fronting terraces on every level allowing natural free flow ofair and lighting.
Intiland Tower Surabaya
Spazio is an office space in Graha Festival, West Surabaya consists of strata title office units, with the first and second floorsfunctioning as the food & beverage and lifestyle commercial spaces. Designed as a business community center, Spazio wassuccessfully introduced the concept of 24 hour open office in Surabaya.
Spazio - Investment Property
37
Type : Investment Property
Ownership : 75%
Total area : 0.8 ha
Location : Graha Festival, West Surabaya
Infrastructure : Main road
Project Information
Launcehd : 4Q 2010
Construction : 2011
Project completion : 100%
Completion : 2012
Retail
Net leaseable area : 4,375 sqm
Market : Lease
Leased : 2,184 sqm (50%)
Average rental rate : Rp 100,000/sqm/month
Average service charge : Rp 38,000/sqm/month
Office Tower
Total area (SGA) : 15,220 sqm
Market : Strata title
Sold : 15,151 sqm (99%)
Spazio
National Hospital Surabaya is located within Graha Famili, West Surabaya. It is the first hospital in Indonesia equipped withadvanced technology of MRI 3 Tesla Wide Bore, CT Scan 128 slices. Developed by PT Surabaya Jasa Medika, a joint venturebetween PT Grande Family View (subsidiary) and strategic partners with each company sharing 50% of ownership.
National Hospital - Investment Property
38
Type : Investment Property
Ownership : 50% (50% PT Istana Mobil Surabaya Indah)
Total area : 0.85 ha
Location : Graha Famili, West Surabaya
Building area : 32,000 sqm
Infrastructure : Main road
No. of foor : 10 floors (including 2 basements)
5 floors Annex building
Project Information
Construction : 1 October 2010
Project completion : 100%
Grand opening : 12 December 2012
Development
Bed capacity : 205 beds and 123 wards
GP and Specialists : 98 person
Nurses : 151 person
Center of Excellence : Neurosurgeon
The Company, through its subsidiary PT Intiwhiz International, has embarked on hospitality business by opening medium-class hotels suited to value-conscious, frequent travelers. Under the brand Whiz (two star-plus), Whiz Prime Hotel (three-star) and Grand Whiz (four-star) Hotels, the hotel chain now spreads in several big cities such as Jakarta, Semarang, Bali andYogyakarta.
Intiwhiz Hotel Chain - Investment Property (30%)
39
HotelsWhiz Hotel YogyakartaCentral Java
Whiz Hotel Semarang
Central Java
Grand WhizNusa Dua
Bali
Grand Whiz KelapaGadingJakarta
Whiz HotelCikini
Jakarta
Grand Trawas Hotel
East Java
Whiz Prime Cifest
Cikarang West Java
Whiz Prime Kelapa Gading Jakarta
Type Own Own Operator Operator Own (BOT) Operator Operator Operator
Opening Date
10 Oct 2010 11 Nov 2011 27 Jul 2012 12 Dec 2012 10 Jan 2014 20 Jan 2014 12 Jul 2014 1 Sept 2014
No. ofRooms
100 148 130 322 73 68 122 160
Occupancy 85% 58% 62% 50% 62% 36% 12% 17%
ARR Rp 352,195 Rp 251,433 Rp 542,614 Rp 556,381 Rp 311,301 Rp 384,631 Rp 375,937 Rp 406,197
Pipeline Project 2014
Whiz Menteng Huis
Whiz Prime Bogor
Whiz Prime Makasar
Swift Inn Aeropolis
Whiz Prime Manado
Whiz Prime
Balikpapan
Whiz Hotel Yogyakarta
Whiz Hotel Semarang
Grand Whiz Nusa Dua, Bali
Grand Whiz Kelapa Gading
Whiz Hotel Cikini
Whiz Prime Kelapa Gading
Whiz Prime Cifest Cikarang
Projects Leaseable Area
South Quarter (phase 1) 2 Office Towers (SGA 78,562 sqm)Retail (SGA 10,789 sqm)
Kebon Melati I (55% owned) Retail (NLA 8,938 sqm)
Spazio Tower Hotel 103 rooms (NLA 2,300 sqm)Retail (SGA 3,369 sqm)Multifunction (SGA 904 sqm)
Praxis Office (SGA 6,800 sqm)Hotel 288 rooms (NLA 14,326 sqm)Retail (NLA 8,609 sqm)
Kebon Melati II (55% owned) Office (SGA 48,509 sqm)Retail (NLA 11,141 sqm)Serviced apartment (SGA 9,726 sqm)
Future Recurring Income Stream (2015 - 2019)
40
2011 2012 2013 9M 2014
129 180 176 124
811
1,082
1,334 1,176
939
1,262
1,510
1,300
Revenue BreakdownIn billion Rupiah
Recurring Income Development Income Total Revenue
Financial Performance
42
2009 2010 2011 2012 2013 9M14
387
843 939
1,262
1,510
1,300
Revenuein billion Rupiah
2009 2010 2011 2012 2013 9M14
101
211 215
332
439 469
EBITDAin billion Rupiah
2009 2010 2011 2012 2013 9M14
26
355
140
181
324 300
Net Incomein billion Rupiah
2009 2010 2011 2012 2013 9M14
339
1,109 1,172
1,650
2,535
1,802
Marketing Salesin billion Rupiah
Segments Contribution
43
Gross Profit in billion Rupiah
Revenue in billion Rupiah
146
215
272
56 45
207
266
48
Superblock Residential IndustrialEstate
InvestmentProperties
9M14 9M13
371
456
349
124 131
446
346
119
Superblock Residential IndustrialEstate
InvestmentProperties
9M14 Gross ProfitRp 690bn
9M14 Revenue Rp 1,300bn
44
Segments Contribution
21%
31%
40%
8%
28%
35%
27%
10%
Superblock Residential Industrial Estate Investment Properties
in Rp billion 9M14 9M13 YoY Growth in Rp billion 2013 2012 2011
Revenue 1,300 1,042 25% Revenue 1,510 1,262 939
Gross Profit 690 565 22% Gross Profit 706 496 361
Operating Profit 436 352 24% Operating Profit 400 304 188
EBIT 443 358 24% EBIT 480 339 239
EBITDA 469 389 21% EBITDA 516 372 271
Net Income 300 209 43% Net Income 324 181 140
EPS 20 14 43% EPS 31 17 14
Total Assets 7,937 7,154 11% Total Assets 7,526 6,092 5,692
Total Liabilities 3,623 3,405 6% Total Liabilities 3,430 2,141 1,893
Total Equity 4,234 4,030 5% Total Equity 4,015 3,873 3,716
Salas Advance 1,509 1,285 17% Sales Advance 1,295 458 294
Cash & Cash Equivalents 438 710 -38% Cash & Cash Equivalents 526 222 106
Total Debt 1,559 1,506 4% Total Debt 1,507 1,014 1,033
Net Debt/Equity 27% 20% Net Debt/Equity 24% 20% 25%
Gross Profit Margin 53% 54% Gross Profit Margin 47% 39% 38%
Operating Profit Margin 34% 34% Operating Profit Margin 27% 24% 20%
EBIT Margin 34% 34% EBIT Margin 32% 27% 25%
EBITDA Margin 36% 37% EBITDA Margin 34% 29% 29%
Net Income Margin 23% 21% Net Income Margin 21% 14% 15%
ROA 5% 4% ROA 4% 3% 2%
ROE 9% 7% ROE 8% 5% 4%
Dividend 82 52 31
Dividend per Share 8 5 3
Dividend Payout Ratio 25% 29% 22%
Financial Highlights
45
Awards & Achievements
47
2013
Best Design for Apartment-Apartment Regatta Indonesia Design Best Design Awards 2013
Highly Commended - Best Condo Development (Indonesia)Apartment Regatta – Jakarta
South East Asia Property Award 2013
Highly Commended - Best Developer (Indonesia)PT Intiland Development Tbk
South East Asia Property Award 2013
Indonesia Leading Local Hotel Chain Intiwhiz InternationalIndonesia Travel & Tourism Awards
2013
Graha Natura – SurabayaHousing Estate Green Property Awards 2013
Green Infrastructure & Green Open Space- Morning Glory ClusterGraha Natura – Surabaya
Property Indonesia Awards 2013
Favourite Residential 2013Serenia Hills- JakartaHousing Estate
Green Property Awards 2013
Top 10 Developers (Indonesia)BCI Asia Top 10 Awards 2013
CSR Award 2013 from Jakarta’s GovernorPT Intiland Development Tbk
2012
Winner Best Condo Development (Indonesia) 1Park Residences – Jakarta
South East Asia Property Award 2012
Highly Commended – Best Developer (Indonesia)PT Intiland Development Tbk
South East Asia Property Award 2012
Excellent AchievementIndonesia Best Corporate TransformationSWA Magazine & Win Solution
Top Ten Developers (Indonesia)BCI Asia Top 1o Awards 2012
Highly CommendedBest Developer (Indonesia)South East Asia Property Award
2011
The 40 Top Performance Small & Midsized CompaniesBest of the Best Awards 2011Forbes Indonesia
Top Ten Developers (Indonesia)BCI Asia Top 1o Awards 2011
Highly Commended – Best Condo (Indonesia)Rio De Janeiro Tower – Regatta
South East Asia Property Award 2011
Developer of the YearProperty & Bank Award 2011
2011
2010
2008
Bali Congress AwardRegatta ApartmentFIABCI Prix d’Excellence Awards
2010
A Lifetime Achievement AwardHendro Santoso GondokusumoProperty & Bank Award 2008
Contact Person:
Nathan Tanugrahanathan.tanugraha@intiland.com
Capital & Investment ManagementPT Intiland Development Tbk
Tel : +62 21 5701912Fax: +62 21 5700015
Head OfficeIntiland Tower, Penthouse
Jl. Jend. Sudirman 32Jakarta 10220
Indonesia
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