PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION JUNE 2020 AUDITED - - PowerPoint PPT Presentation

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PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION JUNE 2020 AUDITED - - PowerPoint PPT Presentation

PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION JUNE 2020 AUDITED RESULTS JULY 2020 STRICTLY CONFIDENTIAL DISCLAIMER THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT, IS NOT INTENDED TO BE, AND SHALL NOT BE CONSTRUED AS, AN


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STRICTLY CONFIDENTIAL

PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION JUNE 2020 AUDITED RESULTS

JULY 2020

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PAGE 1 STRICTLY CONFIDENTIAL THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT, IS NOT INTENDED TO BE, AND SHALL NOT BE CONSTRUED AS, AN OFFER, INDUCEMENT, INVITATION, SOLICITATION, COMMITMENT OR ADVERTISEMENT WITH RESPECT TO THE PURCHASE, SUBSCRIPTION OR SALE OF ANY SECURITY AND NO PART OF IT SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOEVER. The information that follows is a presentation of general background information about PT Puradelta Lestari Tbk. (the “Company”) prepared by the Company as 30 June 2020. This presentation has been prepared for information purposes only. None of the information appearing in this presentation may be distributed to the press or other media or reproduced or redistributed in the whole or in part in any form at any time. Any recipient of this presentation and its directors, officers, employees, agents and affiliates must hold this presentation and any information provided in connection with this presentation in strict confidence and may not communicate, reproduce, distribute or disclose to any other person, or refer to them publicly, in whole

  • r in part. This presentation is not for publication, circulation or use in the United States and may not be transmitted or taken into the United States.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction, and neither this presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. This presentation may contain forward-looking statements and other information that involve risks, uncertainties and assumptions. Forward-looking statements are statements that concern plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fact, including, but not limited to, those that are identified by the use of words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “predicts”, “projects” and similar expressions. Such forward-looking statements include, without limitation, statements relating to the competitive environment in which the Company operates, general economic and business conditions, political, economic and social developments in the Asia-Pacific region (in particular, changes in economic growth rates in Indonesia and other Asian economies), the Company's landbank, costs and liabilities, customer diversification endeavors, the industry of the Company and other factors beyond the Company's control. Actual outcomes may vary materially from those indicated in the applicable forward-looking statements. Any forward-looking statement or information contained in this presentation speaks only as of the date the statement was made. None of the Company, its directors, commissioners, officers, employees, agents, advisers, affiliates or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking statements contained in this presentation, and none of the Company, its directors, commissioners, officers, employees, agents, advisers, affiliates or any other person assumes any obligation to update any information contained in this presentation or to publicly release any revisions to any forward-looking statements to reflect actual results or events or circumstances that occur or that it becomes aware of after the date of this presentation. You should not place undue reliance on any forward-looking statements. Accordingly, no representation or warranty, either expressed or implied, is provided by the Company, its directors, commissioners, officers, employees, agents, advisers, affiliates or any other person in relation to the accuracy, completeness or reliability of the information contained in this presentation, nor is it intended to be a complete statement or summary of the resources, markets or developments referred to in this presentation. It should not be regarded by recipients as a substitute for the exercise of their own judgment. By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein and is deemed to have represented and agreed that the recipient and any account the recipient represents is (i) located outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or (ii) the recipient is a dealer or other professional fiduciary holding a discretionary account or similar account (other than an estate or trust) for the benefit and account of a person who is not, and each person on whose behalf the recipient is viewing this presentation is not, a US person as defined in Regulation S under the Securities Act.

DISCLAIMER

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1 A

AGENDA

PAGE 2 STRICTLY CONFIDENTIAL

01 COMPANY OVERVIEW 3 02 OPERATIONAL UPDATES 20

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MACQUARIE CAPITAL// PAGE 3 STRICTLY CONFIDENTIAL

COMPANY OVERVIEW

01

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PAGE 4 STRICTLY CONFIDENTIAL

COMPANY OVERVIEW

PT PURADELTA LESTARI TBK Leading Integrated Township Developers at East of Jakarta

J O I N T V E N T U R E : PT PT Pur Puradelta Lesta estari Tb Tbk (D (DMAS)

Proje ject t Title Title : Kot

  • ta Delt

Deltamas Proje ject t Des Descripti tion : : Indu Industr trial-based Mod Modern Int Integrated Township Loca

  • cati

tion : Jala Jalan Tol l Jak Jakarta ta-Cik ikampek KM M 37 37, , Cik Cikarang Pusa sat, , Bek Bekasi Tot

  • tal

l Ar Area : : ± 3, 3,18 185 hecta tares Esta stabli lished in in : 19 1993 Yea ear r of

  • f IP

IPO : 20 2015

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PAGE 5 STRICTLY CONFIDENTIAL

COMPANY OVERVIEW

KEY COMPANY MILESTONES

1993 1996 2001 2002

 Commenced

work on Greenland International Industrial Center (“GIIC”)

2008 2012 2004

 Bekasi Regency

Government Center officially relocated to Kota Deltamas

2015

 Consolidation of

PT Pembangunan Deltamas (“PDM”) to the Company

 Listed in IDX  Commenced

development of light industry area

 Launched first

residential development

 Incorporated

as a local investment company in Indonesia

 Changed company status to

foreign capital investment company

 Sojitz Corporation (previously

Nissho Iwai Corporation) became 25% shareholder of the Company

2017

 GIIC obtained KLIK

facility (Direct Construction After Investment)

2018

 Obtained

Certtification of ISO 9001:2015 ISO 14001:2015 OHSAS18001:2007

 Direct access from

Jakarta-Cikampek toll road to Kota Deltamas

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PAGE 6 STRICTLY CONFIDENTIAL

COMPANY OVERVIEW

SHAREHOLDING STRUCTURE Joint Venture Company of Sinarmas Land and Sojitz Corporation

PT Sumber Arusmulia 57.28% Sojitz Corporation 25.00%

PT Pembangunan Deltamas* PT Puradelta Lestari Tbk 99.90%

Public 17.72%

Ownership Structure of the Company Combination of Unique Strength of Sinarmas land and Sojitz Corporation

Proven Expertise and Long Track Record of Property Development and Management

  • Leading and

most experienced property developer in Indonesia

  • Listed in SGX

Strong International Marketing Platform andStrategic Partnership

  • General trading

conglomerate with a worldwide network in c. 50 countries and regions

  • Listed in TSE

PT Panahome Deltamas Indonesia** 49.00% * Subsidiary of the Company ** Joint Venture Project

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PAGE 7 STRICTLY CONFIDENTIAL

Bandung, West Java

TRANS JAVA TOLL ROAD DEVELOPMENT

Existing Toll Road New Toll Road A E F B C A B C D E F

Jakarta, Indonesia’s capital Bekasi Regency, West Java Cikampek, West Java

D

Semarang, Central Java Surabaya, East Java

KOTA DELTAMAS INTEGRATED TOWNSHIP

COMPANY OVERVIEW

LOCATION

JAKARTA-CIKAMPEK TOLL ROAD (A-C)

  • Jakarta-Cikampek Toll Road connects Jakarta to Central Java and West Java and is an

important part of Trans Java Toll Road Plan.

  • The toll road also connects to international airport and seaport in Greater Jakarta.
  • It is the busiest toll road with highest traffic volume in Indonesia.
  • Dubbed as the most advanced industrial area in Indonesia, with more than 10 industrial

estate alongside the Jakarta-Cikampek Toll Road.

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PAGE 8 STRICTLY CONFIDENTIAL

AUTO INDUSTRY CONCENTRATION

COMPANY OVERVIEW

LOCATION

Soekarno Hatta Int’l Airport Tanjung Priok Seaport Patimban Deep Seaport

Bekasi Regency Karawang

  • Automotive manufacturing and assembling plants in

Indonesia are concentrated in East Jakarta- Cikampek Corridor.

  • Strategically located at the epicenter of the

industrial zone along Jakarta-Cikampek Toll Road.

Cikarang

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PAGE 9 STRICTLY CONFIDENTIAL

INFRASTRUCTURE DEVELOPMENT TO SUPPORT INDUSTRY

COMPANY OVERVIEW

LOCATION

Soekarno Hatta Int’l Airport Tanjung Priok Seaport Patimban Deep Seaport

Bekasi Regency Karawang Cikarang Cibitung Tanjung Priok Cilincing- Cibitung Toll Road Cibitung- Cimanggis Toll Road

Kertajati Airport

Becakayu Toll Road LRT – Bekasi part Jakarta-Cikampek Elevated Toll Road Cibitung Toll Interchange Jakarta-Bandung High Speed Train Kertajati Airport *this picture is just an illustration

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Solid Master Plan with Large Land Bank Master Plan of Kota Deltamas

COMPANY OVERVIEW

DEVELOPMENT AREA AND LAND BANK

Bekasi Regency Gov’t Centre

Bekasi City Jakarta Tangerang Access to other industrial estates Karawang Cikampek Bandung Central Java

Land Bank 30 Jun 2020 Industrial 423 ha Commercial 494 ha Residential 376 ha TOTAL 1,293 ha

Industrial Residential Commercial

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COMPANY OVERVIEW

INDUSTRIAL ESTATE

Greenland International Industrial Center (“GIIC”)

One of the Largest Industrial Estate along the Jakarta-Cikampek Toll Road

Big Tenants Area Year Status KITIC ~200 Ha 2009 – 2011 Operating Suzuki ~130 Ha 2011 Operating Hyundai Motor ~77 Ha 2019 Under Construction SAIC GM Wuling ~ 60 Ha 2015 Operating Mitsubishi Motors ~ 51 Ha 2014 – 2015 Operating Astra Honda Motor ~ 38 Ha 2016 Operating Kalbe ~ 37 Ha 2017 – 2018 Under Construction Maxxis ~ 35 Ha 2014 Operating Kohler ~ 20 Ha 2017 Under Construction

  • ~ 130 industrial tenants
  • Mostly auto and auto related sectors
  • Mostly Japanese companies

GIIC Industrial Estate

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Auto and Auto Related Logistics Food & Beverage / Related Others

Attracting a Diverse Mix of Customers across the Various Sectors

COMPANY OVERVIEW

INDUSTRIAL ESTATE

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Most Advanced Industrial Estate at East of Jakarta

Certifications of Integrated Management System Direct Construction After Investment (KLIK) COMPANY OVERVIEW

INDUSTRIAL ESTATE

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PAGE 14 STRICTLY CONFIDENTIAL

Greenland International Industrial Center (GIIC) Industrial Estate

COMPANY OVERVIEW

INDUSTRIAL ESTATE

Entrance to Greenland International Industrial Center (GIIC) Industrial Estate in Kota Deltamas

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PAGE 15 STRICTLY CONFIDENTIAL

Development of Commercial Area

COMPANY OVERVIEW

COMMERCIAL ESTATE

Hotel School & University Shophouses Serviced Apartment Sport Centre Gov’t Centre Office Restaurant Commercial Centre Mall Clinic & Hospital

Existing Commercial & Public Facilities Upcoming Development

Commercial Products: Commercial Lot, Shophouses, Others

Cikarang Japanese School has started the operation since April 2019. It is providing education facilties for the kids of Japanese expatriates. The presence of Cikarang Japanese School is expected to attract Japanese expatriates to live in Kota Deltamas and subsequently boost the commercial activities. A new serviced apartment next to Cikarang Japanese School in the commercial area is now under construction.

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Development of Residential Area

COMPANY OVERVIEW

RESIDENTIAL ESTATE

Housing in Clusters Club House Facilitiy

  • Main Products

: Landed house in residential clusters

  • Target Market

: Middle income to high income segment

  • Selling method

: Built to sell - construction of each unit will commence upon down payment

  • Total Units Sold

: > 2,600 units

Swimming Pool Facility Fitness Centre Facility

Residential Clusters in Sales and Construction Collaboration and Other Residential Development

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PAGE 17 STRICTLY CONFIDENTIAL

Updates on Commercial and Residential Area

COMPANY OVERVIEW

COMMERCIAL AND RESIDENTIAL ESTATE

A B

A - Marketing Office Savasa (Product of Panahome Deltamas) B - El Premio Shophouses

C D E

C – Le Premier Serviced Apartment (operating since 2016) D – Cikarang Japanese School (operating since 2019) E – Dormitory Next to Cikarang Japanese School in construction

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PAGE 18 STRICTLY CONFIDENTIAL

Updates on Commercial and Residential Area

COMPANY OVERVIEW

COMMERCIAL AND RESIDENTIAL ESTATE

A B C D E

A – Jakarta-Cikampek Toll Road B – Construction of High Speed Train C – Le Premier Serviced Apartment / Kota Deltamas Commercial Area D – Entrance to GIIC Industrial Estate E – Residential Development F – Sakura Park Hotel & Serviced Apartment

F

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PAGE 19 STRICTLY CONFIDENTIAL

Ensuring Sustainability of Kota Deltamas Development

Direct Access to the Toll Road Wide Primary Arterial Road Green Space and Nursery Clean Water Treatment Plant Waste Water Treatment Plant

INFRASTRUCTURES ENERGY & RESOURCES

  • Electricity  PLN

Premium Contract + 2X60 MVa sub station

  • Gas  PGN
  • Telecommunication +

fiber optic cable services

Lend Lease (Australia)

Nippon Koei (Japan)

UG Sekkei Co.Lt (Japan)

Gibb Transport Planning Reading

Doxiadis Associates (Greece)

WORLD CLASS ESTATE PLANNING & DESIGN

Experienced Estate Management and Tenant Relations Professionals

ESTATE MANAGEMENT AND TENANT RELATIONS TEAM

Security Officers Fire Fighter Team

COMPANY OVERVIEW

SUPPORTING INFRASTRUCTURE AND UTILITIES

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MACQUARIE CAPITAL// PAGE 20 STRICTLY CONFIDENTIAL

KEY FINANCIAL INFORMATION

02

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PAGE 21 STRICTLY CONFIDENTIAL

Marketing Sales Achievement Solid achievement in 1H-2020, 53% of FY 2020 Target has been achieved.

OPERATIONAL UPDATES

MARKETING SALES

Marketing Sales Figures (in Rp Bn)

1,072 1,408 884 2,970 2,000 1,052 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Target 1H 2020 Actual

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38.0% 0.8% 60.7% 0.6%

Industrial Residential Commercial Rental & Hotel

72.1% 7.7% 15.6% 4.5% 626 79 63.5% 31.3% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Jun 2019 30 Jun 2020

Net Profit (in Rp Bn)

572 72 58.1% 28.3% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Jun 2019 30 Jun 2020

Operating Profit (in Rp Bn)

656 169 66.6% 66.9% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Jun 2019 30 Jun 2020

Gross Profit (in Rp Bn)

985 253 30 Jun 2019 30 Jun 2020

Revenues (in Rp Bn)

KEY FINANCIAL INFORMATION

GP Margin OP Margin Net Profit Margin

Revenues by Segment 30 Jun 2019 Revenues by Segment 30 Jun 2020

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PAGE 23 STRICTLY CONFIDENTIAL

6 11

70.0% 72.6% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 5

10 15 20 30 Jun 2019 30 Jun 2020 Rental & Hotel in Rp Bn Gross Profit Margin

598 39

73.4% 78.2% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 200

400 600 800 1,000 30 Jun 2019 30 Jun 2020 SALES in Rp Bn Gross Profit Margin

8 20

68.8% 67.3% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 20

40 60 80 100 30 Jun 2019 30 Jun 2020 SALES in Rp Bn Gross Profit Margin

374 182

55.6% 64.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 500

1,000 1,500 2,000 30 Jun 2019 30 Jun 2020 SALES in Rp Bn Gross Profit Margin

KEY FINANCIAL INFORMATION

Industrial Residential Commercial

Revenues by Segment

Rental & Hotel

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PAGE 24 STRICTLY CONFIDENTIAL

1,109 723 627 1,012 2,024 81% 95% 95% 204% 152% 0% 50% 100% 150% 200% 250%

  • 1,000

2,000 3,000 4,000 5,000 2015 2016 2017 2018 2019

Historical Dividend by Fiscal Year

Dividend (in Rp Bn) Dividen Payout Ratio 1,175 1,219 785 745 667 310

  • 200

400 600 800 1,000 1,200 1,400 2015 2016 2017 2018 2019 Jun-20

Cash and Cash Equivalent (in Rp Bn)

KEY FINANCIAL INFORMATION

Optimum Return for Shareholders

The Company is in stable net cash position and does not have any loan.

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Income Statement in Rp Bn Jun 2020 Jun 2019 Revenues 253 985 Gross Profit 169 656 Selling Expenses 12 16 General and Administration Expenses 79 55 Final Tax 6 13 Operating Profit 72 572 Profit Before Tax 85 634 Total Profit for the Year 78.93 626.19 Profit for the Year Attributable to: Owners of the Company 78.94 625.76 Non-controlling Interests (0.01) 0.43

Summary - Balance Sheet Summary - Income Statement

KEY FINANCIAL INFORMATION

Balance Sheet in Rp Bn Jun 2020 Dec 2019 ASSETS Current Assets 3,417 4,009 Non Current Assets 3,571 3,608 Total Assets 6,988 7,617 LIABILITIES Current Liabilities 1,496 1,080 Non Current Liabilities 38 41 Total Liabilities 1,534 1,121 EQUITY Total Equity 5,454 6,496

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MACQUARIE CAPITAL// PAGE 26 STRICTLY CONFIDENTIAL

THANK YOU

For Further Information: PT Puradelta Lestari Tbk. Marketing Office Kota Deltamas

  • Jl. Tol Jakarta-Cikampek KM 37

Cikarang Pusat – Bekasi 17530, Indonesia Phone : +62 21 8997 1188 Fax : +62 21 8997 2029 Email : investor.relations@deltamas.co.id Website : www.kota-deltamas.com