PT Kawasan Industri Jababeka Tbk. Investor Presentation September 2019 0
Leading township developer & infrastructure powerhouse PT Kawasan Industri Jababeka Tbk. ("KIJA") is a leading township developer with an established track record in industry- based townships supported by residential & commercial components... KIJA overview Business segments FY18 Revenue Breakdown (%) (Rp 2,712 billion) PT Kawasan Industri Jababeka Tbk Dry Port, 8% Real Estate Infrastructure Water / Estate, 9% Real Estate & Industrial Power Others, 42% Residential Water & Estate Commercial Dry Port Power, 41% Established in 1989 and became the first publicly listed industrial FY18 Gross Profit Breakdown (%) estate developer in Indonesia in 1994 (Rp 1,179 billion – 43% GPM) Kota Jababeka, KIJA's flagship development, is a mature industry- Dry Port , 6% based integrated township in Cikarang with on-site power plant Water / Estate, and dry port 10% Diversification projects: Kendal Industrial Park – Park by the Bay in Central Java, tourism-based townships in Tanjung Lesung, Banten, and in Morotai, North Maluku Large and strategically located land bank of 3,862 hectares as of 30 Real Estate & Power, 21% June 2019 Others, 63% Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life …with world class infrastructure to support its development 1
Milestones & Awards More than 25 years track record in township development Selected awards #1 #1 Investor Magazine - 2012 SWA Magazine - 2016 Indonesia Property Watch- Fortune Indonesia - 2015 Top 10 Best performing Top 25 Most Creative 2015 Best Company award listed companies and Best Companies in Indonesia The best township listed company in property development concept 2016 Groundbreaking Kendal Industrial #1 #1 2014 Park – Park by the Bay D’Khayangan 2013 Senior Living Ministry of Industry - 2015 Frontier Consulting Group Award Supply Chain Asia Awards 2014 Launched Best Industrial Estate – 2014 #1 Corporate Image Asia Logistics Centre/Park of the Bekasi Infrastructure & Facilities Industrial Estate Year 2011 Power Plant commenced Acquisition operations 2010 of 1,500 ha land in Cikarang Dry 2003 Tanjung Port begins Lesung, operations 2001 Commenced Banten development of 1996 Inauguration of Jababeka CBD 1994 Education Park, 1989 Acquisition of including President IPO on Menara Batavia University Jababeka Group Jakarta and in Jakarta CBD established and Surabaya started Stock development of Exchange the industrial estate 2
Sizeable land bank in strategic locations with upside potential Fully integrated and matured city development 35km east Kota Jababeka Cikarang of Jakarta, 45mins from Jakarta’s CBD Master plan: 5,600 hectares 35km east of Jakarta Most established industrial area in Greater Jakarta, home Land Bank: 1,232ha (1) to >2,000 local and multinational companies INDONESIA Tanjung Lesung Kota Kendal, Jababeka Central Java Cikarang Semarang Karawang Surabaya Tanjung Lesung Master plan: 1,500 hectares 170km southwest of Jakarta Land Bank: 1,534ha (1) Special Economic Zone for Kendal, Central Java Industrial Estate Master plan: 2,700 hectares Designated as a Special Economic Zone for Tourism Development 450km east of Jakarta Located 170km southwest of Jakarta and covers more than Land Bank: 575ha (1) Strategically located along 1,500 ha of land on a peninsula facing the Indian Ocean the Jakarta-Semarang- Envisaged to become a first-class integrated resort Offers a deep pool of young Surabaya Economic destination for both domestic and international tourists and skilled labour at a Corridor competitive cost Note: 3 1 Land bank as at 30 June 2019
Kota Jababeka — Flagship industry-based integrated township 1 Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport … • 35 KM from Jakarta City • Close to International Airport & Seaport JORR 2 Toll Road • Accessible by toll road and railway Cibitung – Tanjung • Priok Seaport Connectivity with 3 Toll Access / Exit ± 1.5 • Development of Major Transportation hours KOTA KO TA Infrastructure JAKARTA JABABEKA EKA Cikarang Train Station Lemah Abang 6 lane Highway of Jakarta Inner Ring Road Train Station Proposed MRT Station KM 29 KM 31 LRT MRT High speed train Tranportation infrastructure KM 34 (Proposed / Under Construction) LRT Track High Speed Train Elevated Toll Road MRT Track Double-double track Railway Commuter train Elevated toll road JORR 2 Jakarta 2nd Outer Ring (JORR) Road 4
Kota Jababeka – Anchored by a blue-chip customer base 1 The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities Diverse mix of occupants across sectors (breakdown by number of occupants) – As of 30 June 2019 Portfolio of high quality customers 11% Electronics Machinery 7% Customer Goods Chemicals 6% Automotive 46% Plastics 6% Foods Building 6% Metal Fabrication 5% Tekstile 4% Others 2% 4% 4% Kota Jababeka is home to over 2,000 local and multinational customers from over 20 countries 5
Jababeka Residence – A City for Your World 1 Residential & Commercial Developments Oscar Townhouse Sudirman Boulevard Cluster Commercial Center Mixed-Use Developments KM 29 KM 31 KM 34 Hollywood Junction, Monroe & Elvis Tower Facilities International Senior Living Jababeka Jababeka Golf & Jababeka Stadium President Hospitals Hotels D’Khayangan Convention Center Country Club University & 6 Reputable Schools
Kota Jababeka – Enhancing value through Joint Venture projects 1 “ Kawana Golf Residence ” Kawana Golf Residence is a JV between Jababeka (60%) and Creed Group (40%) from Japan High-end golf view apartment tower with 234 units Total 100% sold in 2 phases – delivery scheduled for late 2020 Kawana 2 planned to be launched later in 2019 or 2020 “ Riverview Residence ” Joint Venture between Jababeka (51%) and PT PP Property (Persero) Tbk (49%) 4 apartment towers strategically located near the toll exit & catering to the lower end of the market Tower 1 (1009) – Mahakam Tower – > 90% sold, 20% handed over Tower 2 (939) – Bengawan Tower – > 23% sold, piling completed Other JVs within the KIJA group include: 1) “Little Tokyo” – a JV between PT PP Property (Persero) Tbk (52.6%) and Jababeka (47.6%) for a mixed use superblock on a 4.6-hectare site with 6 apartment towers and a Japanese style mall; 2) “Mayfair Estate & Park Land” – a JV between PT Plaza Indonesia Realty Tbk (70%) and Jababeka (30%) for a mixed use superblock on a 12-hectar site right next to the golf course; 3) “Paradiso” – a JV between Jababeka (52% - subject to finalization of acquisition of 3% stake from Nice Corporation) and Keihan Real Estate (48%) from Japan to develop a 2.7 hectare high-end golf villa residential project. 7
Enhancing Kota Jababeka's value proposition: Jababeka Infrastruktur 2 PT Jababeka Infrastruktur provides top notch to infrastructure and services, including clean water provision, waste water treatment, estate management, and other services such in-house fire brigade, 24 hour security, fiber optics, natural gas and others… WWTP 2 WTP 1 Capacity WWTP 1 WTP 2 Capacity 125 L/sec Capacity Capacity 400 L/sec 208 L/sec 200 L/sec Waste Water Treatment Plan Water Treatment Plan Natural Gas Telco …which meet the international standards and operate in accordance with environmentally friendly policies in integrated city Kota Jababeka in Cikarang 8
Enhancing Kota Jababeka's value proposition: Bekasi Power Plant 2 KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate Integrated Power Generation & Distribution Process 1 100% output to PLN 130MW gas fired combined cycle plant 20 year 100% off-take agreement from Buy back from PLN 2 PLN Perusahaan Listrik Negara ( “ PLN ” ) (+16% margin) – Rate per KWH: ~US$11 cents 3 Direct sale to factories – Average gas cost / MMBTU: ~US$8.7 (+ margin) – Fuel costs borne by PLN on a pass-through basis Factories – Fully contracted gas supply – Flexibility to buy back power and resell it at a Financial Highlights premium IDR billion 1,499 During repair of a leakage in one of the boilers 1,600 30.0% 1,360 26.1% 1,310 the power plant operated at about 50% of the 1,400 1,267 25.0% 1,102 usual capacity for about 3 months in 2016 1,200 22.5% 20.0% The power plant was in full “reserve shutdown” 1,000 14.3% 17.1% for most of 1Q18 and 2Q19 and has operated 800 15.0% 12.5% intermittently in other quarters of 2018 and 600 12.2% 10.0% 386 2019. 400 248 232 215 164 155 5.0% 101 200 - 0.0% 2014 2015 2016 2017 2018 1H19 Revenue Gross Profit Gross Profit Margin Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia 9
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