Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (February 2024)
29 slides from Pt Summarecon Agung Tbk's investor presentation, February 2024
Slide 1: PT Summarecon Agung Tbk Company Presentation
ey PT SUMMARECON AGUNG Tbk A Company Presentation | TRI la hae. a Content A. Company Profile F. Financials Corporate Information, Shareholders + Consolidated Management Team + Revenues by Business Segment Principal Business Activities + EBITDA by Business Segment Project Locations + EBIT by Business
Slide 2: Corporate Information
want summarecon Wonderful Lite « Wondertul World A. Company Profile CORPORATE INFORMATION CORPORATE INFORMATION Incorporated : 26/Nov/1975 Listing Date : 7/May/1990 Ticker : SMRA:1J Share Value (Nominal) : Rp 100 /Share Total Shares Issued : 16,508,568,358 Share Price @ 31/Jan/2024 : Rp 560 /Share N
Slide 3: Management Team and Principal Business Activities
MANAGEMENT TEAM (Boards of Commissioners & Directors) Seated (L-R) : Nanik Widjaja (D-Corporate Services), Adrianto P. Adhi (President Director), Liliawati Rahardjo (Managing Director), Soetjipto Nagaria (President Commissioner), Ge Lilies Yamin (C-Independent), Lydia Tjio (D-Finance) Standing (L-R)
Slide 4: Project Locations (Townships)
PROJECT LOCATIONS (TOWNSHIPS) All projects are in high density locations with upper-strata economic wealth a New Guinea Banda Islands Metropolitan Jakarta (JABODETABEK) Location / (Population Ranking based on 2020 Census of 100 cities) 1. Kelapa Gading, North Jakarta 2. Serpong, South Tangerang, Ban
Slide 5: Property Development: Marketing Sales by Location & Product Type
summarecon Wonderful Lite « Wondertul World B. Property Development Marketing Sales by Location 6,000 » a - , YoY 22% -20% 59% 5,000 — 1 4,000 ——— s 3 3,000 - 2 2,000 a 1,000 ~ Zz may o— _# Tas 2018A 2019A 2020-20210 Marketing Sales by Product Type 6,000 -— — — 5,000 - — | 2018A 2019A 20208 2021 -6%
Slide 6: Product Price Range & Customer Payment Profile
Property Development : Product Price Range & Customer Payment Profile Marketing Sales by Product Price Range 6,000 20208 2021A 5,000 + 2018A 20198 4,000 3,000 2022A 2022A 2023A Customer Payment Profile 2 2018A 20198 20200 20210 90% 2023A PRODUCT PRICE |_2018A ‘Actual | Actual | Actual | Actual | Act
Slide 7: Property Development: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) Product ist Launch | Completion Development Value No. of Units % sold Project | Product Name Type Total Sold (Value) Rp'bn Rp'bn Rp'bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,474 (1,380) 94 453 (424) 29 3,254
Slide 8: Property Development: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) O D O OME ONGO PRO o od pe Date Date ota old Ba Total Sold Bal aus Rp'bn Rp'bn Rp'bn Rp'mn ‘The Springs Flamingo [Ext] House Aug-17 Aug-19 789 (777) 12 256 (252) 4 3,082 98% Rainbow Springs Apartment Aug-19 Feb-22 1,229 (1,217) 12 740 (7
Slide 9: Property Development: Summarecon Bekasi
Property Development : Summarecon Bekasi in Greater Jakarta) PRO D OP OME O PRO ° oe p Da Date ota old Ba Total Sold Bal Rp'bn Rp'bn Rp'bn Rp'mn SpringLake [D] Apartment Jul-14 Jul-18 381 (381) oO 778 (777) 1 490 100%| SpringLake View [E] Apartment Aug-15 Aug-19 384 (327) 57 856 (728) 128 449 85%| S
Slide 10: Property Development: Summarecon Bandung
Property Development : Summarecon Bandung (in West Java) Project | Product Name Product 1st Launch | Completion No. of Units % sold Type Date Date Total Sold (Value) Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 May-22 622 (622) 0 140 (140) t') 4,443 100% Flora House Sep-20 Mar-23 743 (739) 4 408 (406)
Slide 11: Property Development: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) ; i No. of Units 9 Project | Product Name Product 1st Launch | Completion Pt total ou vatoe) Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Oct-20 Apr-23 566 (566) ti) 321 (321) 0 1,763 + ~—-100%| Mahogany Island Landplot Oct-20 Apr-23 120 (120) t
Slide 12: Investment Property: Shopping Malls
summarecon Wonderful Life - Wondertul World C. Investment Property D. Hospitality Business E. Leisure, Education & Others gq INVESTMENT PROPERTY : Shopping Malls At present, Summarecon owns and operates 5 shopping malls with total GFA of more than 500,000 m2, generating significant recurring revenue
Slide 13: Investment Property: Shopping Malls
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | Average Rent | Service Charge | 0 of Ma No. of Visitor Traffic Occupancy RETAIL CENTER m2 / Month m2/ Month | Revenues | Tenants Pax / Year |Summarecon Mall Kelapa Gading 150,000 m? 112,000 m2? 96% Rp 340,000 Rp 159,000 50% ~ 600+ FY-2023 * 28.0 M
Slide 14: Leisure, Education & Others
¢ LEISURE, EDUCATION & OTHERS | __—Education The leisure and education business units provide important complementary facilities to support each township, while simultaneously generating recurring income. In 2023, the operations were already back to (ee Normal. Klub Kelapa Gading Pradita University
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated CONSOLIDATED FINANCIAL YEAR ENDE! Last 2 Yrs INCOME STATEMENTS Variance REVENUE 5,661 5,942 5,030 5,568 5,719 3% 4,212 5,081 21% GROSS PROFIT 2,953 3,047 2,502 2,801 3,199 14% 2,301 2,719 18% OVERHEADS (1,103) _ (1,180) (950) (980) (1,232) (839) (977) = Selling Expense (343
Slide 16: Financials: EBITDA Business Segment
Financials : EBITDA Business Segment FINANCIAL YEAR ENDED: Last 2 Yrs Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 | Variance | _PERIODENDED: _| Sep/2022 Sep/2023 Variance EBITDA 1,850 1,867 1,552 1,822 1,967 8% 1,462 1,741 19% Property Development (PDV) 931 885 1,267 1,446 1,124 -22% 845 95
Slide 17: Income Statement Property Development Business
Financials : Income Statement Property Development Business INCOME BY BUSINESS SEGMENT PROPERTY DEVELOPMENT — FINANCIAL YEAR ENDED: Last 2 Yrs Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 | Variance PERIOD ENDED: | vanane | Rp'bn Rp'bn Rp'bn Rp'bn Rp’br Rp'br Rp'bn REVENUE 3,436 3,617 3,670
Slide 18: Property Development Business (By Location)
Financials : Property Development Business (By Location) PROPERTY DEVELOPMENT GEOGRAPHIC LOCATION Rp’bn Rp'bn Rp'bn Rp'bn Rp'bn = (ast 2 Vee Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 We nce Sep/2022 Sep/2023 Rp’bn Rp'bn REVENUES 3,436 3,617 3,670 4,148 ~— 3,529 -15% 2,661 3,182 20% SKLG K
Slide 19: Income Statement Investment Property Business
Financials : Income Statement Investment Property Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: Last 2 Yrs Dec/2022 | Variance Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 1,492 1,599 894 918 1,481 61% 1,051 1,261 Mall & Retail properties 1,414 1,521 817 835 1,384 66% 980 1,181 Offi
Slide 20: Income Statement Leisure & Hospitality Business
Financials : Income Statement Leisure & Hospitality Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: Last 2 Yrs Variance PERIOD ENDED: | acon | Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 422 423 153 183 346 89% 231 348 51% Leisure 77 75 27 35 52 49% 35 45 29% Hospitality (Hotels) 344
Slide 21: Financials: Balance Sheet Summary
Financials : Balance Sheet Summary = SUMMARY CONSOLIDATED FINANCIAL YEAR ENDED: Last 2 Yrs | _PERIODENDED: _—| | _PERIODENDED: _—| BALANCE SHEETS Variance Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Cash & Cash Equivalents 1,534 1,664 1,656 2,774 3,143 13% 3,038 3,169 4% Inventories 7,890 8,514 9,187
Slide 22: Non-land Capital Investments
Non-land Capital Investments Indicati CAPITAL INVESTMENTS Optg Date FY-2023 | FY-2024 | FY-2025 Rp'bn Rp’bn Rp'bn Rp'bn Summarecon Villaggio Outlets 4Q 2023 180 50 5 Summarecon Mall Bandung 1Q 2024 700 350 75 La Piazza 4Q 2023 60 50 10 Gafoy 4Q 2023 80 65 15 Summarecon Mall Bekasi [Phase 2] 1Q 2025
Slide 23: Our Business Model
¢ Our Business Model Build Integrated Townships with both residential and commercial complexes, and associated infrastructure like roads, water treatment plants for potable water supply, drainage and sewage facilities, energy distribution, education institutions, hospitals, retail centers, places of
Slide 24: Outlook for the Year
gq Outlook for the Year ™M According to the Government Indonesia’s Economy is predicted to reach 5.3%, higher than that of 5.03% in 2023, supported by Household Consumption and Domestic Investment. @ On 14 February 2024 Indonesia has have its presidential election and also legislative election. N Pr
Slide 25: To contact us.
To contact us. Investor Relations Jemmy Kusnadi Corporate Secretary / Head of Investor Relations [email protected] Michael Yong Finance Advisor [email protected] PT Summarecon Agung Tbk Plaza Summarecon, JI. Perintis Kemerdekaan No. 42 Jakarta 13210, Indonesia Tel : + 62 21 4714567, Fax
Slide 26: Pernyataan Sanggahan
Pernyataan Sanggahan Presentasi ini disiapkan oleh PT Summarecon Agung Tbk (“Perusahaan”) untuk tujuan informasi saja dan tidak boleh dianggap sebagai penawaran atau ajakan untuk membeli atau memiliki berbagai jenis surat berharga Perusahaan. Dokumen yang telah disiapkan dan disediakan ini bersifat
Slide 27: A Typical Residential Product (sample)
¢ A Typical Residential Product (sample) garden Scientia Garden, kawasan seluas 200 ha yang dikembangkan deuyen konvep Smart amd Green Environment, yang mengintegrasikan antara fasiltas pendidikan, perkantoran, arsa Komersial, pusat perbeianjaan gadget dan komputer, serta ruang ruang terbuka hijau y
Slide 28: Marketing Brochure (sample)
Marketing Brochure (sample) Land : 66m2 Land : 77m2 Building GFA : 62 —68 m2 Building GFA : 73 —78 m2 Price : ~Rp 1.1 bn each Price : ~Rp 1.4bn each 55 ¢ Marketing Brochure (sample) bs 1 type-E Paket Pengembangan sie Land / Building Size : Land / Building Size : Land / Building Size : 66 m2 /62 m2 6
Slide 29: End of Presentation
End of Presentation 57
PT Summarecon Agung — Investor Presentation (February 2024) on 6ix