PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION SEPTEMBER 2019 - - PowerPoint PPT Presentation

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PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION SEPTEMBER 2019 - - PowerPoint PPT Presentation

PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION SEPTEMBER 2019 UNAUDITED RESULTS OCTOBER 2019 STRICTLY CONFIDENTIAL DISCLAIMER THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT, IS NOT INTENDED TO BE, AND SHALL NOT BE CONSTRUED


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STRICTLY CONFIDENTIAL

PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION SEPTEMBER 2019 UNAUDITED RESULTS

OCTOBER 2019

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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 September 2019. 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 This presentation is not for publication, circulation or use in the United States and may not be transmitted or taken into the United States.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 17 03 KEY FINANCIAL INFORMATION 21

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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 Project t Des Descripti tion : : In Indu dustr trial-based Mod

  • dern In

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, 3,181 181 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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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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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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Industrial 54% Commercial 24% Residential 22%

Solid Master Plan with Large Land Bank Area Development Plan

COMPANY OVERVIEW

DEVELOPMENT AREA AND LAND BANK

Total Gross Area = 3,181 Ha

Land Bank Update (30 Sep 2019)

As of Sep 2019 (Ha) Industrial Commercial Residential Total Total Area

1,718 757 706 3,181

Land Sold

1,272 276 193 1,741

Land Bank

446 481 513 1,440

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Bekasi Regency Gov’t Centre

Bekasi City Jakarta Tangerang Access to other industrial estates

Commercial Residential Gov’t Centre Industrial

COMPANY OVERVIEW

KOTA DELTAMAS DEVELOPMENT KOTA DELTAMAS INTEGRATED TOWNSHIP

* The pictures are illustration of Kota Deltamas future development

Karawang Cikampek Bandung Central Java

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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 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 Under Construction Kohler ~ 20 Ha 2017 Under Construction

  • ~ 120 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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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.

  • SMK Ananda Mitra Industri Deltamas has been built and operating in Kota Deltamas
  • A chain restaurant is operating in Kota Deltamas commercial area
  • Several commercial tenants has purchased land in Kota Deltamas for hospital, gas station, etc.
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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

  • DMAS is collaborating with Panahome Asia Pacific Pte. Ltd., a real estate company

under Panasonic Group, to develop sustainable smart-town residential clusters of “SAVASA” in Kota Deltamas

  • In 2018, DMAS launched residential cluster of Naraya Park, located strategically nearby

GIIC industrial estate.

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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 17 STRICTLY CONFIDENTIAL

OPERATIONAL UPDATES

02

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Most Advanced Industrial Estate at East of Jakarta

Certifications of Integrated Management System Direct Construction After Investment (KLIK) OPERATIONAL UPDATES

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OPERATIONAL UPDATES

Convenient Housing with Modern Concept for the Residents

Savasa Residential Estate by Panahome Deltamas Indonesia

Naraya Park Residential Cluster

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More and More Commercial Development

OPERATIONAL UPDATES

Cikarang Japanese School in Kota Deltamas has been operating since April

  • 2019. This is the first official Japanese

School at Bekasi – Karawang – Purwakarta area. Future Modern Shopping Centre in Kota Deltamas Commercial Area

*this picture is for illustration purpose only

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MACQUARIE CAPITAL// PAGE 21 STRICTLY CONFIDENTIAL

KEY FINANCIAL INFORMATION

03

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1,072 1,408 884 1,250 1,601 2016 Actual 2017 Actual 2018 Actual 2019 Target Sep 2019 Actual

Marketing Sales Achievement Total marketing sales YTD Sep 2019 was Rp1.60 trillion, surpassing the marketing sales target of Rp 1.25 trillion.

OPERATIONAL UPDATES

MARKETING SALES

Marketing Sales Figures (in Rp Bn)

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79.0% 3.0% 14.6% 3.4% Industrial Residential Commercial Rental & Hotel

175 759 44.1% 59.8% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Sep 2018 30 Sep 2019

Net Profit (in Rp Bn)

123 682 31.0% 53.7% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Sep 2018 30 Sep 2019

Operating Profit (in Rp Bn)

241 825 60.8% 65.0% 0.0% 20.0% 40.0% 60.0% 80.0%

  • 500

1,000 1,500 30 Sep 2018 30 Sep 2019

Gross Profit (in Rp Bn)

396 1,270 30 Sep 2018 30 Sep 2019

Revenues (in Rp Bn)

KEY FINANCIAL INFORMATION

GP Margin OP Margin Net Profit Margin

Revenues by Segment YTD Sep 2018 Revenues by Segment YTD Sep 2019

51.1% 0.9% 47.2% 0.8%

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PAGE 24 STRICTLY CONFIDENTIAL

58 599

79.8% 73.4% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 200

400 600 800 1,000 30 Sep 2018 30 Sep 2019 SALES in Rp Bn Gross Profit Margin

313 649

56.0% 57.1% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 500

1,000 1,500 2,000 30 Sep 2018 30 Sep 2019 SALES in Rp Bn Gross Profit Margin

12 12

64.1% 70.6% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 5

10 15 20 25 30 30 Sep 2018 30 Sep 2019 SALES in Rp Bn Gross Profit Margin

13 10

88.0% 67.9% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 5

10 15 20 30 Sep 2018 30 Sep 2019 Rental & Hotel in Rp Bn Gross Profit Margin

KEY FINANCIAL INFORMATION

Industrial Residential Commercial

Revenues by Segment

Rental & Hotel

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1,175 1,219 785 745 1,100

  • 200

400 600 800 1,000 1,200 1,400 2015 2016 2017 2018 Sep-19

Cash and Cash Equivalent (in Rp Bn)

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

  • 500

1,000 1,500 2,000 2,500 3,000 2015 2016 2017 2018

Historical Dividend by Fiscal Year

Dividend (in Rp Bn) Dividen Payout Ratio

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 Sep 2019 Sep 2018 Revenues 1,270 396 Gross Profit 825 241 Selling Expenses 33 14 General and Administration Expenses 90 94 Final Tax 20 10 Operating Profit 682 123 Profit Before Tax 771 186 Total Profit for the Period 759.6 174.7 Profit for the Period Attributable to: Owners of the Company 759.1 174.6 Non-controlling Interests 0.5 0.1

Summary - Balance Sheet Summary - Income Statement

KEY FINANCIAL INFORMATION

Balance Sheet in Rp Bn Sep 2019 Dec 2018 ASSETS Current Assets 3,831 3,568 Non Current Assets 3,764 3,932 Total Assets 7,594 7,500 LIABILITIES Current Liabilities 623 279 Non Current Liabilities 36 32 Total Liabilities 659 312 EQUITY Total Equity 6,935 7,189

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MACQUARIE CAPITAL// PAGE 27 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