PT Lippo Karawaci Tbk · IDX:LPKR
PT Lippo Karawaci Tbk — Investor Presentation (April 2025)
40 slides from PT Lippo Karawaci Tbk's investor presentation, Apr 17, 2025
Slide 1: PT Lippo Karawaci Tbk FY24 Corporate Presentation
PT Lippo Karawaci Tbk FY24 Corporate Presentation 17 April 2025
Slide 2: Forward looking statements
Forward looking statements Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertai
Slide 3: Our Values
Our Values Mission Values AGILITY 1 To win the hearts and minds of our customers through quality homes, ▪ Thrive in dynamic environments and anticipate change. healthcare and lifestyle offerings, as ▪ Innovate and capitalize on new opportunities. well as people-centric services. Vision CUSTOMER FOCU
Slide 4: Our Company
Our Company Leader in Fully Integrated Estate Operations – Scale, Widespread presence in 56 cities and 26 provinces Integration and Financial Discipline: across Indonesia Total Revenue: IDR 11.5tn in FY24 Revenue breakdown: 44% Real Estate, 44% Total Assets: IDR 53.8tn in FY24 Total Equity: IDR 30.9
Slide 5: FY24 Business Performance Highlights
FY24 Business Performance Highlights All business segments have demonstrated consistent YoY performance improvements Real Estate Healthcare Lifestyle ▪ FY24 Marketing Sales reached IDR ▪ FY24 SILO1 statutory revenue reached ▪ FY24 Revenue showed positive progress, 6.01tn, achieving 112% of the full-
Slide 6: LPKR delivered 11% revenue and 8% EBITDA growth on a like-for-like basis
LPKR delivered 11% revenue and 8% EBITDA growth on a like-for-like basis, driven by strong core performance Revenue EBITDA (in IDR bn) (in IDR bn) Proforma1 Statutory2 Proforma1 Statutory2 +15% +9% +3% +11% -55% -32% +1% +8% -2% -2% +6% -55% -38% 1,017 34 1 18,554 16,845 657 221 5 4,279 4,054 7 (7)
Slide 7: Strong operational turnaround in FY24; underlying NPAT rose to IDR 402bn
Strong operational turnaround in FY24; underlying NPAT rose to IDR 402bn, driven by operational improvements and interest cost reduction despite SILO deconsolidation Consolidated Profit and Loss1 EBITDA by Segment Var (YoY) (in IDR bn) In IDR bn FY24 FY23 Healthcare IDR % Revenue 11,505 16,845 (5,34
Slide 8: Healthy cash position post strategic asset divestment
Healthy cash position post strategic asset divestment, liabilities management and positive OCF from improved business performance Cashflow Movement (FY24) Remarks (in IDR bn) Operating Investing Financing Operating cash flow Operating cash flow held strong at 9,923 IDR 1.7tn, driven by overall busin
Slide 9: Strengthened debt profile following proactive liability management
Strengthened debt profile following proactive liability management Debt Breakdown Debt Maturity Profile (in IDR bn) USD debt (bonds)1 IDR debt (bank loans) 16% 1,029 USD debt (bonds) 722 IDR debt (bank loans) 604 460 529 84% 2025 2026 2027 2028 Historical Net Debt1 Rating Action (in IDR bn) 14,000 1
Slide 10: Segment 1: Real Estate Overview
SEGMENT 1: REAL ESTATE OVERVIEW
Slide 11: Real Estate Business Highlights
Real Estate Business Highlights Property Marketing sales List of Launches in Financial Key takeaways and development performance FY24 performance going forward projects sold in FY24 Landed residential: ▪ LPKR achieved Lippo Karawaci: ▪ Real Estate FY24 ▪ We remained 111 projects FY24 marketing 1) Pa
Slide 12: FY24 Marketing Sales at IDR 6.01tn, reaching 112% of target
FY24 Marketing Sales at IDR 6.01tn, reaching 112% of FY24 marketing sales driven by sales of Park Serpong and Lippo Cikarang Cosmopolis Historical Marketing Sales (in IDR bn) Land Bank ▪ ~1,000 hectares of land bank in Jakarta, Greater Jakarta and Makassar translate to roughly IDR 155tn in gross 6,0
Slide 13: FY24 Marketing Sales Highlights
FY24 Marketing Sales Highlights FY24 Marketing Sales Breakdown in Lippo Karawaci FY24 Marketing Sales Breakdown in Lippo Cikarang Marketing sales in Lippo Karawaci area were mainly driven by landed housing, Marketing sales in Lippo Cikarang were mainly driven by landed housing, accounting for 80% of
Slide 14: FY24 Project Handover Highlights
FY24 Project Handover Highlights Real Estate’s FY24 revenue increased by +15% YoY to IDR5.5tn, driven by timely handover of landed housing and shophouses, as well as the accelerated deliveries of Cendana Essence in Lippo Village, Waterfront Estates in Cikarang, and the most recent project deliveries
Slide 15: Park Serpong New Product Development
Park Serpong New Product Development Cendana Suites Blackslate Homes Typical size and Starting Price: Typical size and Starting Price: ▪ Type 5 (67.5m2 land / 78.1m2 ▪ Type Standard (112m2 land / building) price at IDR 978mn 125.5m2 building) price at IDR ▪ Type 5.5 (79.8m2 land / 88.8m2 1,900mn bui
Slide 16: 4Q24 Product Launched
4Q24 Product Launched Park Serpong Phase 3 – 9en Collection Lippo Cikarang Cosmopolis – Cosmo Collection Launch Date : 9 November 2024 Take-up rate : 91% Tanjung Bunga – Exquise Collection Launch Date : 19 October 2024 Take-up rate : 94% Launch Date : 30 November 2024 Take-up rate : 88% 16
Slide 17: Park Serpong Phase 1 Progress
Park Serpong Phase 1 Progress We began handing over the first phase of Park Serpong in November 2024, showcasing our commitment to customer satisfaction by starting to deliver the project in less than 18 months. 17
Slide 18: Segment 2: Healthcare Overview
SEGMENT 2: HEALTHCARE OVERVIEW
Slide 19: SILO FY24 revenue IDR9.45tn and EBITDA margin 29.2%
In FY24, SILO recorded a 9.1% YoY revenue growth with an Underlying EBITDA margin of 29.2%, amid challenges in the insurance market Revenue¹ (in IDR bn) Revenue1 Underlying EBITDA* IDR9.45tn IDR2.76tn +13% 9,455 +9% 2,403 2,392 in FY24 8,663 2,341 2,319 2,287 2,289 in FY24 7,637 7,393 5,758 2,047 2,
Slide 20: YoY throughput improved by ~7% despite a flat Q4
YoY throughput improved by ~7% despite a flat Q4 due to lower productive days Quarterly Results -1.3% YTD +7.5% 1,500,000 2.9 3.0 3.0 3.0 3.2 3.1 3.0 2.9 3.0 3.0 4 3.1 3.0 3.1 3.0 4 Outpatient Visits & 1,000,000 6,000,000 3 OPD to IPD 2 2 500,000 860,823 896,964 925,259 910,407 1,047,2011,066,4741,0
Slide 21: FY24 Corporate and Insurance revenue continue to grow YoY by 10.6%
FY24 Corporate and Insurance revenue continue to grow YoY by 10.6% despite current challenges % Contribution to Revenue FY2023 vs FY2024 OPE Corp & Ins BPJS 18.3% 18.2% 32.5% 32.0% Corporate and Insurance revenue contribution to total revenue increased from 49.2% 49.2% to 49.8% 49.8% FY23 FY24 Payer
Slide 22: Underlying EBITDA recorded at IDR 2.76tn
Underlying EBITDA recorded at IDR 2.76tn (+3.3% YoY), while margin reduced slightly to 29.2% due to various one-off project expenses for the NGS transformation Drug & Clinics Supplies Operating Expenses (IDR bn, % to Revenue) (IDR bn, % to Revenue) 33.0% 35.3% 28.9% 28.8% 29.9% 28.5% 31.9% 31.7% 31.
Slide 23: Commitment for Growth
Commitment for Growth A total of 1,124 new operational beds are projected by 2027, with specific Center of Excellence (COE) to continuously driving revenue intensity growth PIPELINE 2025 2026 2027 Operational Beds Q1 2025 Q2 2026 2027 Premium Value Seeker Value Seeker Generalist 80 beds 79 beds 182
Slide 24: Segment 3: Lifestyle Overview
SEGMENT 3: LIFESTYLE OVERVIEW
Slide 25: Lippo Mall Indonesia: The largest mall developer and operator in Indonesia
Lippo Mall Indonesia: The largest mall developer and operator in Indonesia About LMI Leading Player in the Number of Malls Operated ▪ Lippo Mall Indonesia is the largest mall developer and operator in 59 Indonesia with 59 managed malls nationwide across 39 cities in 60 Indonesia. The company has the
Slide 26: Sustained operating momentum in Malls
Sustained operating momentum in Malls with growth across revenue, visitors, and occupancy Malls Revenue1 Malls EBITDA1 (in IDR bn) (in IDR bn) 24% 24% +2% +2% 682 162 670 159 FY23 FY24 FY23 FY24 Consistent YoY Growth of Malls Visitors2 Stable Malls Occupancy Rate2 (Average monthly visitors; in mn vi
Slide 27: Mall Renovation: Lippo Mall Nusantara
Mall Renovation: Lippo Mall Nusantara (previously Plaza Semanggi) The Plaza Semanggi (‘Lippo Mall Nusantara’), a mall located in the heart of Jakarta with a total of 10 floors including Plangi Sky Dining is one of the malls planned for renovation process carried out in stages. Having proximity to tr
Slide 28: Lifestyle events are becoming increasingly popular
Lifestyle events are becoming increasingly popular, leading to a surge in visitor numbers Lippo Mall Puri – Hello Kitty Run Senayan Park – Emina Eureka Fest This event was made to celebrate One stop destination concept by 50th Hello Kitty Anniversary, Paragon Group, a top local which participated by
Slide 29: Hotels: A prominent player in the premium hotel sector under Aryaduta
Hotels: A prominent player in the premium hotel sector under the Aryaduta brand About Aryaduta Strategically Located in Top Cities ▪ Aryaduta Hotels is a Jakarta Bali Bandung heritage luxury hotel chain located strategically in 9 top cities across Indonesia. ▪ Known as "Iconically Indonesian, Global
Slide 30: Hotel business maintains 40% EBITDA margin
Hotel business maintains 40% EBITDA margin with 11% YoY growth and strong pricing power Hotels Revenue¹ Hotels EBITDA¹ (in IDR bn) (in IDR bn) 40% 40% +11% +11% 497 198 446 179 FY23 FY24 FY23 FY24 Hotels Occupancy Average Room Rates (in IDR) 0% +7% 69% 69% 623,902 580,512 FY23 FY24 FY23 FY24 EBITDA
Slide 31: Park Serpong Beach Club
Park Serpong Beach Club Aryaduta officially launched the Park Serpong Beach Club on October 2024, within the vibrant Park Serpong area. This newly opened clubhouse offers a well-rounded experience with a selection of food, beverages, and entertainment options for guests. Designed to be both stylish
Slide 32: Looking Ahead
Looking Ahead Real Estate Healthcare Lifestyle ▪ We continue to offer distinctive products, ▪ SILO's focus on advancing complexity and ▪ Mall performance continues to strengthen, including the Cendana Suites, XYZ, Q clinical excellence in the CONGO with occupancy rising to 81.2% and Livin, Blackslat
Slide 33: Appendices
PT TTTTTTTLLLLLLA APPENDICES
Slide 34: Consolidated Statutory Statement of Profit and Loss
Consolidated Statutory Statement of Profit and Loss P&L Highlights (in IDR bn) FY24 FY23 YoY Changes Total Revenues 11,505 16,845 -32% COGS (6,554) (9,479) -31% Gross Profit 4,951 7,366 -33% Operating Expenses (3,183) (4,539) -30% Operating Profit 1,768 2,827 -37% Other Income & Expenses - Net 18,72
Slide 35: Consolidated Statutory Statement of Balance Sheet
Consolidated Statutory Statement of Balance Sheet Balance Sheet Highlights (in IDR bn) FY24 FY23 FY24 FY23 ASSETS LIABILITIES & EQUITY CURRENT ASSETS CURRENT LIABILITIES Cash & Cash Equivalents 5,328 2,650 Trade accounts payable 655 908 Trade Accounts Receivable 517 1,934 Accured Expenses 1,533 1,92
Slide 36: Consolidated Statutory Statement of Cash Flow
Consolidated Statutory Statement of Cash Flow Cash Flow Highlights (in IDR bn) FY24 FY23 YoY Changes Cash at beginning 2,650 2,626 1% Cash from operating activitites: 1,743 2,082 -16% Business operations 1,551 2,061 -25% Received for restricted funds 192 21 821% Cash from investing activities: 9,377
Slide 37: Cash Breakdown
Cash Breakdown Cash Breakdown – December 2024 Cash Breakdown – Dec 2023 79 206 675 (1%) (8%) (13%) 13 (0%) 1,245 (47%) 1,186 (45%) 4,574 (86%) Consolidated cash: IDR 5,328bn Consolidated cash: IDR 2,650bn Holdco (incld. Subs) GMTD Holdco (incld. Subs) LPCK LPCK SILO GMTD 37
Slide 38: Thank You
PT TTTTTTTLLLLLLA THANK YOU
Slide 39: Notes
@2LIPPO Notes 39
Slide 40: Investor Relations
INVESTOR RELATIONS PT LIPPO KARAWACI TBK Head of Investor Relations Dr. Randi Bayu Prathama Email: [email protected] Mobile: +62811225873 Deputy Head of Investor Relations Indra Agina Sinuraya Email: [email protected] Mobile: +6281310008957 40
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