Company Presentation September 2018
Our Company Township Development Township Development Apartments and Offices Property Investment Operational Data Financial Performance 2
Key Milestones More than 20 years track record in township development Issued 1,786,310,000 new Acquired shares with non- development preemptive mechanism at rights for the price of IDR 440/share extensive areas in Completed the Issued its first global Serpong repurchase of 2012 bonds of USD 150 mm due bonds in 2017 Launched Kota The Company Direct toll Ayodhya apartment Acquired 90.3% shares of was access to complex PT Garuda Adhimatra established Completed the Alam Sutera Completed the Indonesia which held the and launched construction of Garuda township was construction of The land rights of Garuda Wisnu Kencana statue Alam Sutera officially Issued USD 225 mm Tower (office tower) {“GWK”) Wisnu Kencana Park in Township opened bonds due in 2019 Bali 1994 2009 2011 2012 2013 2014 2016 2018 2007 Issued USD 235 mm Signed a cooperation PT Alam Suvarna Padi Launched the first low- bonds due in 2020 agreement with China Sutera Realty (Pasar Kemis rise apartment project Fortune Land Tbk (ASRI) project) super in Alam Sutera; Lloyd Development (“CFLD”) Launched Suvarna Jati listed its cluster was and Flavio cluster in super cluster in Pasar to co-develop Pasar shares on the officially Suvarna Sutera Kemis, consisting of 7 Kemis Indonesia launched clusters Stock Exchange Issued USD 245 mm Launched Paddington bonds due in 2022 to Heights Apartment refinance USD 225 mm bonds 3
Corporate Business and Structure The Ning King Family PT Tangerang Fajar Industrial PT Manunggal Prime Public Estate Develoment 25.21%* 52.75%* 22.04%* Landed Commercial Garuda Wisnu Kencana Township Apartments Office Towers Shophouses Retail Houses land lots (GWK) __________________________________________ Note: * The ownership structure is as of Dec’17 4
Management Team Boa Board d of of Commi Commiss ssion oner ers Board of Dir Bo Directors Harjanto Tirtohadiguno Joseph Sanusi Tjong President Commissioner President Director Angeline Sutedja Commissioner Lilia Setiprawarti Sukotjo Director Pingki Elka Pangestu Independent Commissioner RM Frangky AD Director The Nicholas Commissioner Prasasto Sudyatmiko Independent Commissioner Andrew Charles Walker Non-Affiliated Director 5
Portfolio Overview Focus on residential and commercial development in western part of Jakarta and Bali JAKARTA CAPITAL REGION BALI The Tower – Office Building Garuda Wisnu Kencana (“ GWK ”) – Cultural Park Wisma Argo Manunggal – Office Building GWK The Tower The Prominence Kota Ayodhya TANGERANG AREA Alam Sutera - Township - Mall @Alam Sutera - The Prominence - Office Tower - Paddington Heights - Apartment - Flavor Bliss Suvarna Sutera - Township Paddington Heights Mall @Alam Sutera Kota Ayodhya – Apartment Downtown Lake 6
Our Company Township Development Township Development Apartments and Offices Property Investment Operational Data Financial Performance 7
Township Locations Strategic land acquisition in the Serpong area to take advantage of future land price increases from toll road development The construction of Kunciran – Soekarno Hatta Toll road is targeted to be completed by the toll operator within the next 1-2 years Jakarta Merak Tol Road The construction of Kunciran – Serpong Toll road has been started and Future Serpong-Balaraja Toll Road is targeted to be completed by the toll operator this year Legend: Under construction Completed 15km 15km 8
Alam Sutera Township Direct Toll Access North Serpong Future Development Current Development: Township expansion Commercial and Residential 9
Alam Sutera Township Highlights Residential Area Commercial Area Residential Houses High Rises Flavor Bliss Pasar 8 – Wet market Warehouse – T8 Mall @Alam Sutera Green Tunnel St Laurensia School Internal Transportation Command Center 10
Alam Sutera Township Price Trend Commercial Residential IDR mm psm IDR mm psm * 25.0 14.9 14.7 14.6 14.4 25 23.10 15 13.7 22.0 20 17.3 10 9.0 15 12.5 10 8.4 5 5 0 0 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 ___________________________________________ * : Asking price Growing commercial area and strategic location to continue price appreciation going forward 11
Suvarna Sutera Township The 2 nd township Suvarna Sutera Master Plan Project Overview F • Suvarna Sutera Township is the second township from Alam Sutera, located at Pasar Kemis, Tangerang, 15 km away from Alam Sutera. The Company has developer license covering 2,600 ha area. Phase one development is ±900 ha. C C Project Progress B A A Residential Area Cempaka Cluster Infrastructure Infrastructure Development Development E Legend A E Suvarna Padi Residential Cluster (2011) Location of future toll road access B F Potential future toll road connecting Suvarna Suvarna Jati Residential Cluster (2013 ) Sutera to the international airport C Suvarna Padma Residential Cluster (2014) Sport Center Cempaka Cluster D Suvarna Sari Residential Cluster (2015) 12
Suvarna Sutera Township Price Trend Residential (Suvarna Padi) Residential (Suvarna Sutera) IDR mm psm IDR mm psm 6 6 5.5 * * 5.2 5.2 5.0 5 5 4.7 4.2 4.1 4.0 4 4 3.3 2.8 3 2.7 3 2 2 1 1 0 0 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 ___________________________________________ * : Secondary price Huge potential to replicate the growth achieved in Alam Sutera Township 13
Our Company Township Development Township Development Apartments and Offices Property Investment Operational Data Financial Performance 14
Apartment Project Paddington Heights Overview Paddington Heights Apartment Land Site Area : 9,000 sqm Semigross Area : 33,090 sqm Launch date : May-13 Marketing sales (as of Jun'18) : IDR 483 bn Cumulative Marketing Sales IDR mm 600 483 500 35 74 400 58 300 70 448 200 374 136 316 247 100 111 111 0 2013 2014 2015 2016 2017 1H18 15
Apartment Project Kota Ayodhya (1 st phase) Location Project Overview Kota Ayodhya Apartment Land Site Area : 21,230 sqm Apartment : 137,947 sqm Launch date : Feb-14 Marketing sales (as of Jun'18) : IDR 885 bn Project Image 16
Low-Rise Apartment Project Lloyd Project Overview Lloyd is a new concept of elevated living, featuring a 5- Designed as a versatile family home, it boasts spacious storey multi residential building with a valuable connection layout with generous exposure to natural light, fresh air to the ground. The brilliant space challenges the and lush greeneries encircling the premise, conveying the traditional with unique approach that combines the landed touches of nature at every turn. style living with the convenience of having apartment facilities. 17
Office Tower Project The Prominence Project Overview The Prominence Office Tower Land Site Area : 13,981 sqm Semigross Area : 50,882 sqm Launch date : Feb-13 Marketing sales (as of Jun'18) : IDR 381 bn Price Trend IDR mm psm 25 22 21 20 20 20 19 15 10 5 0 2013 2014 2015 2016 2017 18
Office Tower Project The Tower Project Overview and Location The Tower Land Site Area : 9,522 sqm Semigross : 56,491 sqm Launch date : Feb-13 Marketing sales (as of Jun'18) : IDR 351 bn 19
Our Company Township Development Township Development Apartment and Offices Property Investment Operational Data Financial Performance 20
Property Investment Mall @ Alam Sutera Wisma Argo Manunggal (WAM) Front View Mall @Alam Sutera Wisma Argo Manunggal Leasable area : ± 67.369 sqm (extendable) Location : Jl. Jend. Gatot Subroto Kav. 22 Height : 5 floors (3 retail floors, 2 parking floors) Acquired from : PT Daya Sakti Perdika Parking capacity : 2.500 cars Land area : 8,434 sqm Grand opening : 12 December 2012 Building GFA : 18,165 sqm : Sogo Department Store, Electronic Home Anchor tenants Leasable Area : 13,809 sqm Solution, The Food Hall. Occupancy : 90% : 90% (as of Dec’17) Occupancy rate Potential redevelopment : Demolish the existing building and build a new 40-60 storey grade A office. 21
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