PT Alam Sutera Realty Tbk Company Presentation May 2019 1 www.alamsuterarealty.co.id
Our Company 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 construction of Garuda and launched 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 2014 2016 2018 2007 2013 Issued USD 235 mm Signed a cooperation PT Alam Suvarna Padi bonds due in 2020 agreement with China Sutera Realty (Pasar Kemis Fortune Land Launched the first low- Tbk (ASRI) project) super Development (“CFLD”) Launched Suvarna Jati rise apartment project listed its cluster was super cluster in Pasar to co-develop Pasar in Alam Sutera; Lloyd shares on the officially 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%* 53.47%* 21.32%* Landed Commercial Garuda Wisnu Kencana Township Apartments Office Towers Shophouses Retail Houses land lots (GWK) __________________________________________ Note: * The ownership structure is as of Dec’18 4
Management Team Bo Board of Co Comm mmissioners Board of Di Bo Directors Harjanto Tirtohadiguno Joseph Sanusi Tjong President Commissioner President Director Angeline Sutedja Lilia Setiprawarti Sukotjo Commissioner Director Pingki Elka Pangestu Independent Commissioner RM Frangky AD Director The Nicholas Commissioner Andrew Charles Walker Non-Affiliated Director Prasasto Sudyatmiko Independent Commissioner 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 Mall @Alam Sutera Paddington Heights Paddington Heights Suvarna Sutera Kota Ayodhya – Apartment 6
Our Company Township Development Apartments and Offices Property Investment Operational Data Financial Performance 7
Township Location 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 SuteraTownship Direct Toll Access North Serpong Future Development Current Development: Township expansion Commercial and Residential 9
Alam SuteraTownship Highlights * Residential Houses Residential Area Commercial Area High Rises Flavor Bliss Pasar 8 – Wet market Warehouse – T8 Mall @Alam Sutera Internal Transportation Command Center Sport Center Green Tunnel 10
Alam SuteraTownship Price Trend Commercial Residential IDR mm psm IDR mm psm * ___________________________________________ * : 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 Image B A A Residential Area Infrastructure Infrastructure Development Development E Legend A E Suvarna Padi Residential Cluster (2011) Location of future toll road access Flavio Cluster Chiara Cluster B Suvarna Jati Residential Cluster (2013 ) F Potential future toll road connecting Suvarna Sutera to the international airport C Suvarna Padma Residential Cluster (2014) D Suvarna Sari Residential Cluster (2015) 12
Suvarna Sutera Township Price Trend Residential (Suvarna Padi) Residential (Suvarna Sutera) IDR mm psm IDR mm psm 7 * 6.0 6 5.5 * * 5.2 5.2 5.0 5 4.0 4 3 2 1 0 2013 2014 2015 2016 2017 2018 ___________________________________________ * : Secondary price Huge potential to replicate the growth achieved in Alam Sutera Township 13
Our Company 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 Mar'19) : IDR 499 bn Cumulative Marketing Sales IDR mm 15
Apartment Project Kota Ayodhya Location Project Overview Kota Ayodhya Apartment Land Site Area : 21,230 sqm Apartment : 137,947 sqm Launch date : Feb-14 Marketing sales (as of Mar'19) : IDR 932 bn Project Image 16
Low-Rise Apartment Project Lloyd Location Project Overview Lloyd Land Site Area : 40,000 sqm Launch date : Apr-18 Marketing sales (as of Mar'19) : IDR 1.1 tn 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 Mar'19) : IDR 399 bn Price Trend IDR mm psm 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 Mar'19) : IDR 351 bn 19
Our Company Township Development Apartments 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, Cinema XXI, The Anchor tenants Leasable Area : 13,809 sqm Food Hall. : 62% (as of Dec’18) Occupancy : 69% (as of Dec’18) Occupancy rate Potential redevelopment : Demolish the existing building and build a new 40-60 storey grade A office. 21
Garuda Wisnu Kencana Cultural Park Overview Tourism in Bali • Named as the global winner of 2017 Travelers’ Choice Awards for • A private cultural park on the Bukit Peninsula at the southern destinations by TripAdvisor. end of the island of Bali in Indonesia, 15 minutes from Ngurah Rai International Airport. Bukit Peninsula is a limestone plateau • The total number of tourists visiting Bali (both foreign and domestic with Uluwatu to the west and Nusa Dua to the east. tourists) has reached more than 12mm people in 2016. Indicating • A mixed-use development complete with commercial and increasing tourism potential in the region. This, coupled with the residential areas development of infrastructures (inclusive of toll roads and new airport) indicates an upside potential for tourism expenditure in Bali . Multi Role Sites Garuda Wisnu Kencana statue In August 2018, we have completed the construction of Garuda Wisnu Become increasingly popular for corporate and many international Kencana Statue. The statue is 75m high and is made of copper and events. built in the hill at 130m altititude above the sea level, standing on 50 meter pedestal. The statue will be a major tourist attraction to the park. IMF and World Bank Dinner, Oct 2018 BBTF Dinner, Jun 2018 22 Sondrenaline, Sept 2018 DWP, Dec 2018
Our Company Township Development Apartments and Offices Property Investment Operational Data Financial Performance 23
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