PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION MARCH 2018 - - PowerPoint PPT Presentation

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PT PURADELTA LESTARI TBK MANAGEMENT PRESENTATION MARCH 2018 UNAUDITED RESULTS APRIL 2018 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 MARCH 2018 UNAUDITED RESULTS

APRIL 2018

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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 31 March 2018. 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 This presentation is not for publication, circulation or use in the United States and may not be transmitted or taken into the United States.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 STRATEGIES AND UPDATES 16 03 KEY FINANCIAL INFORMATION 23

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MACQUARIE CAPITAL// PAGE 3 STRICTLY CONFIDENTIAL

COMPANY OVERVIEW

01

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COMPANY OVERVIEW

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

 PT Puradelta Lestari Tbk. (DMAS) is a property developer

  • f KOTA DELTAMAS, an integrated township of industrial,

commercial, and residential estate located at Cikarang, around 37 kilometers east of Jakarta.

 Established in 1993  Listed in Indonesia Stock Exchange (IDX) in 2015

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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, and OHSAS 18001:2007

 Direct access from

Jakarta-Cikampek toll road to Kota Deltamas

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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 Toll Road in Planning 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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AUTO INDUSTRY CONCENTRATION

COMPANY OVERVIEW

LOCATION

Soekarno Hatta Int’l Airport Tanjung Priok Seaport Future 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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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 = 3,177 Ha

Land Bank Update (31 Mar 2018)

As of Mar 2018(Ha) Industrial Commercial Residential Total Total Gross Area 1,714 757 706 3,177 Land Sold 1,191 263 191 1,645 Gross Land Bank 522 495 515 1,532

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Bekasi Regency Gov’t Centre

Bekasi City Jakarta Tangerang Karawang Cikampek Bandung Central Java 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

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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 (since 2017) Mitsubishi Motors ~ 51 Ha 2014 – 2015 Operating (since 2017) Astra Honda Motor ~ 38 Ha 2016 Under Construction Maxxis ~ 35 Ha 2014 Under Construction

  • ~ 90 industrial tenants
  • Mostly auto and auto related sectors
  • Mostly Japanese companies

Wide Primary Arterial Road at GIIC Entrance Automotive Manufacturer in GIIC Waste Water Treatment Plant Facilities Rental Factory Building

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Auto and Auto Related Logistics Food & Beverage Others

Zip producer Sanitary Automobile manufacturer Automobile manufacturer Tyre producer Logistics services provider Logistics services provider Logistics services provider Food products manufacturer Animal feed producer Bread manufacturer Pharmacy & Consumer Health Logistics services provider

Attracting a Diverse Mix of Customers across the Various Sectors

COMPANY OVERVIEW

INDUSTRIAL ESTATE

Automobile manufacturer

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Development of Commercial Area

COMPANY OVERVIEW

COMMERCIAL ESTATE

Hotel School & University Shophouses

  • Svcd. Apartment

Sport Centre Gov’t Centre Offices Restaurants Resorts Commercial Centre Shopping Centre Hospital & Clinic

EXISTING COMMERCIAL & PUBLIC FACILITIES IN PROGRESS / FUTURE

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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

In 2017, DMAS enters into agreement with Panahome Asia Pacific

  • Pte. Ltd., a housing company under Panasonic Group, to create a

sustainable smart-town residential estate inside Kota Deltamas

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COMPANY OVERVIEW

SUPPORTING INFRASTRUCTURE AND UTILITIES 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 + 60 MW 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 MANAGAMENT AND TENANT RELATIONS TEAM

Security Officers Fire Fighter Team

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OPERATIONAL UPDATES

02

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OPERATIONAL UPDATES

NEW INITIATIVES AND PIPELINE PROJECTS Greenland Square Commercial Development Greenland Square

A cluster of strategic commercial landplots, located at Kota Deltamas main road. Greenland Square is located at premium area nearby Bekasi Regency Government Centre and nearby residential and industrial estate.

Resident Facilities

A number of residential facilities, such as hospital, school, and fast food restaurants will be operating in Kota Deltamas soon. In addition, a Japanese school will also be operating in Kota Deltamas to provide education for the kids of Japanese expatriates.

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Joint Venture of PT Panahome Deltamas Indonesia

OPERATIONAL UPDATES

NEW INITIATIVES AND PIPELINE PROJECTS

The Company established a joint venture company

  • f PT Panahome Deltamas Indonesia in 2017 to

develop a sustainable smart town residential estate inside Kota Deltamas.

PT Puradelta Lestari Tbk PT Panahome Gobel Indonesia PT Panahome Deltamas Indonesia PT Panahome Asia Pacific Pte. Ltd.

51% 49%

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Continuously to be the Most Advanced with Facilities and Certifications

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

NEW INITIATIVES AND PIPELINE PROJECTS

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Kota Deltamas as a Role Model of Industrial based Integrated Township

Visit from Japanese International Corporation Agency (JICA), with participants from various countries in the world to study the industrial development in Indonesia Visit from the academics in the event of 4th Planocosmo International Conference held by ITB (Bandung Institute Technology) to study a new township development

OPERATIONAL UPDATES

NEW INITIATIVES AND PIPELINE PROJECTS

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Continuous CSR Activities

We value our surrounding communities and environment as substantial stakeholders for Kota Deltamas sustainable development OPERATIONAL UPDATES

NEW INITIATIVES AND PIPELINE PROJECTS

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Solid Marketing Sales Performance

  • Total marketing sales in 2017 was Rp 1,408 billion, mostly contributed by

sales from industrial segments.The marketing sales were also contributed by land sales for joint venture (JV) project The remaining sales came from both residential and commercial segments.

  • The Company targets Rp 1,250 billion of marketing sales in 2018, which is

relatively flat compared to 2017 achievement (excluding land sales for JV project).

  • Total marketing sales in 1Q 2018 was Rp 332 billion, mostly contributed by

sales from industrial segments.

OPERATIONAL UPDATES

MARKETING SALES

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KEY FINANCIAL INFORMATION

03

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80.5% 3.8% 12.1% 3.63% Industrial Residential Commercial Rental & Hotel

  • 2.3%

29.3% 0.0% 73.0% 123 3 55.4% 23.3% 0.0% 20.0% 40.0% 60.0%

  • 100

200 300 400 500 31 Mar 2017 31 Mar 2018

Net Profit (in Rp Bn)

113 (14) 50.9%

  • 116.0%
  • 120.0%
  • 70.0%
  • 20.0%

30.0% 80.0% (100)

  • 100

200 300 400 500 31 Mar 2017 31 Mar 2018

Operating Profit (in Rp Bn)

152 11 68.5% 86.1% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 100

200 300 400 500 31 Mar 2017 31 Mar 2018

Gross Profit (in Rp Bn)

222 12 31 Mar 2017 31 Mar 2018

Revenues (in Rp Bn)

KEY FINANCIAL INFORMATION

GP Margin OP Margin Net Profit Margin

Revenues by Segment 1Q 2017 Revenues by Segment 1Q 2018

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8 4

60.7% 66.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

  • 5

10 15 20 31 Mar 2017 31 Mar 2018 SALES in Rp Bn Gross Profit Margin

27

  • 85.6%

0.0% 20.0% 40.0% 60.0% 80.0%

  • 50

100 31 Mar 2017 31 Mar 2018 SALES in Rp Bn Gross Profit Margin

179

65.2% 62.3% 0.0% 20.0% 40.0% 60.0%

  • 100

200 300 400 31 Mar 2017 31 Mar 2018 SALES in Rp Bn Gross Profit Margin

KEY FINANCIAL INFORMATION

Industrial Residential Commercial

Negative industrial sales revenues due to cash return

  • n excessive land area after

remeasurement

Revenues by Segment

Increasing gross profit margin on residential segment No commercial sales was recorded in 1Q 2018

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93.3% 93.4% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

  • 10

20 30 40 50 31 Mar 2017 31 Mar 2018 Rental & Hotel in Rp Bn Gross Profit Margin

Rental & Hotel

Consistent revenues on rental factory and hotel / serviced apartment

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KEY FINANCIAL INFORMATION

Optimum Return for Shareholders

1,175 1,219 785

  • 200

400 600 800 1,000 1,200 1,400 2015 2016 2017

Cash and Cash Equivalent (in Rp Bn)

1,108.56 722.97 626.58 81% 95% 95% 0% 50% 100%

  • 500.00

1,000.00 1,500.00 2,000.00 2015 2016 2017

Historical Dividend by Fiscal Year

Dividend (in Rp Bn) Dividen Payout Ratio

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KEY FINANCIAL INFORMATION

  • The Company currently does not have any debt / loan.
  • The Company has distributed interim cash dividend for 2017

fiscal year of Rp 313 billion on December 13, 2017.

  • The Company will distribute another cash dividend for 2017

fiscal year of Rp 313 billion on May 24, 2018.

  • The Company’s net cash position as of 31 Mar 2018 was Rp

603 billion. Solid Financial Position

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Income Statement in Rp Bn Mar 2018 Mar 2017 Revenues 12 222 Gross Profit 11 152 Selling Expenses 2 57 General and Administration Expenses 23 27 Final Tax 0.2 7 Operating Profit / (Loss) (14) 113 Profit Before Tax 8 127 Total Profit for the Year 2.864 123.233 Profit for the Period Attributable to: Owners of the Company 2.853 123.226 Non-controlling Interests 0.011 0.006

Summary - Balance Sheet Summary - Income Statement

KEY FINANCIAL INFORMATION

Balance Sheet in Rp Bn Mar 2018 Dec 2017 ASSETS Current Assets 3,504 3,536 Non Current Assets 3,945 3,935 Total Assets 7,449 7,471 LIABILITIES Current Liabilities 412 438 Non Current Liabilities 29 27 Total Liabilities 440 465 EQUITY Total Equity 7,009 7,006

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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