Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (August 2024)
29 slides from Pt Summarecon Agung Tbk's investor presentation, August 2024
Slide 1: PT Summarecon Agung Tbk Company Presentation August 2024
agen PT SUMMARECON AGUNG Tbk A Company Presentation August 2024 ¢ Content A. Company Profile + Corporate Information, Shareholders + Management Team Principal Business Activities + Project Locations Landbank & Projected Acquisitions B. Property Development + Marketing Sales by Locations & Product Ty
Slide 2: Corporate Information and Shareholder Profile
summarecon Wondestul Lite - Wonderful World A. Company Profile CORPORATE INFORMATION CORPORATE INFORMATION Incorporated 26/Nov/1975 Listing Date 7/May/1990 Ticker SMRA:IJ Share Value (Nominal) Total Shares Issued Share Price @ 31/Jul/2024 H Rp 100 /Share 16,508,568,358 Rp 560 /Share Net Book Value @
Slide 3: Management Team and Principal Business Activities
MANAGEMENT TEAM (Boards of Commissioners & Directors) Seated (L-R) : Nanik Widjaja (D-Corporate Services), Ir. Adrianto Pitojo Adi (President Director), Liliawati Rahardjo (Managing Director), Soetjipto Nagaria (Ir.) (President Commissioner), Ir. Ge Lilies Yamin (C-Independent), Lydia Tjio (D-Financ
Slide 4: Project Locations (Townships) and Landbank
PROJECT LOCATIONS (TOWNSHIPS) All projects are in high density locations with upper-strata economic wealth Metropolitan Jakarta (JABODETABEK) Location / (Population Ranking based on 2020 Census of 100 cities) 1. Kelapa Gading, North Jakarta 2. Serpong, South Tangerang, Banten (14* largest) 3. Bekasi
Slide 5: Marketing Sales by Location and Product Type
summarecon Wonderful Lite - Wonderful World B. Property Development Property Development : Marketing Sales by Location & by Product Type Marketing Sales by Location SALES 2019 | 2020a | 2021 | 2022a | 2023 | 2024T | 2024a 6,000 -— _ ~ Peseta) ‘Actual | Actual | Actual | Actual | Actual | Target | Ac
Slide 6: Product Price Range & Customer Payment Profile
Property Development : Product Price Range & Customer Payment Profile Marketing Sales by Product Price Range PRODUCT PRICE 3008 = RANGE Actual | Actual | Actual | Actual | Actual | Actual Rp'bn —Rp'bn—Rp'bn.—sRp'bn_—Rp'bn_—_—sRp'bh oad Rp 2 = 5bn 1,656 1,329 2,902 3,004 3,241 ‘1,206 4,000 < Rp ibn 6
Slide 7: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) ompletio Development Value No, of Units ASP % sold pe Date Date o old Ba Total Sold Bal Rp'bn Rp'bn Rp'bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,470 (1,408) 62453 (434) 193,245 96%| Kensington Royal Suites [D
Slide 8: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) PRO DEVELOP OME ONGO o . _ pe Date Date ota old Total___ Sold Bal alue Rp'bn Rp'bn Rp'bn Rp'mn The Springs Flamingo [Ext] House Aug-17 Aug-19 790 (790) 0 256 (256) 0 3,086 100% Rainbow Springs Apartment Aug-19 Feb-22 1,229 (1,221) 8 740
Slide 9: Summarecon Bekasi
Property Development : Summarecon Bekasi (in Greater Jakarta) O D oP A OME ONGO PRO S aia p Date Date ota old Ba Total Sold Bal : Rp'bn Rp'bn Rp'bn Rp'mn SpringLake [D] Apartment Jul-14 Jul-18 381 (380) 1 778 (776) 2 490 100% SpringLake View [E] Apartment Aug-15 Aug-19 388 (349) 39 856 (770) 86 453
Slide 10: Summarecon Bandung
Property Development : Summarecon Bandung (in West Java) —E—— PROJECT DEVELOPMENT VALUE (SOME ONGOING PROJECTS) Project | Product Name ee Satine | aan) =a Ng —— Pl we Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 May-22 632 (632) t) 142 (142) tC) 4,451 100% Flora House Sep-20 Mar-23 748 (748) 0 410 (41
Slide 11: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) PROJECT DEVELOPMENT VALUE (SOME ONGOING PROJECTS) of Units Project | Product Name Sold Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Oct-20 Apr-23 566 (566) 0 321 (321) o 1,763 100% Mahogany Island Landplot Oct-20 Apr-23 120 (120) oO 79 (79) oO 1
Slide 12: Investment Property: Shopping Malls
summarecon Wonderful Lite - Wonderful 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: Shopping Malls Operating Data
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | Average Rent | Service Charge r Trai RETAIL CENTER m2 / Month m2/ Month | Revenues} Tenants Pax / Year Summarecon Mall Kelapa Gading _—- 208,000 m?_ 142,000 m?_— 91% Rp 330,000 Rp 146,000 50% ~ 550+ 1H-2024* 16.0 Mn FY-2023 * 28.0 Mn Summarecon Ma
Slide 14: Leisure, Education & Others
q LEISURE, EDUCATION & OTHERS } Education The leisure and education business u provide important complementary fac to support each township, while simultaneously generating recurring income. In 2023, the operations were already back to Normal. Klub Kelapa Gading Pradita University The contribution t
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated CONSOLIDATED INCOME STATEMENTS FINANCIAL YEAR ENDED: Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 | Dec/2023 Last 2 Yrs Variance Mar/2023 Mar/2024 REVENUE 5,942 5,030 5,568 5,719 _—6,659 16% 1,499 2,134 42% GROSS PROFIT 3,047 2,502 2,801 3,199 3,560 11% 824 1,162 41% OVERHEADS
Slide 16: EBITDA and EBIT by Business Segment
Financials : EBITDA Business Segment CIAL YEAR ENDE! Last 2 Yrs EBITDA 1,867 1,552 1,822 1,967 2,175 11% 536 800 49% Property Development (PDV) 885 1,267 1,446 1,124 1,197 6% 289 549 90% Investment Property (IVP) 865 341 410 827 917 11% 241 246 2% Leisure & Hospitality (L&H) 78 712 12 81 142 75% 20
Slide 17: Income Statement Property Development Business
Financials : Income Statement Property Development Business INCOME RV BUSINESS |S RGHENT INANGIAISVEARIENDED! taster Rp" p'bn Rp'br Rp'bn Rp'bn RP Rp'bn REVENUE 3,617 3,670 4,148 3,529 4,045 15% 911 1,442 58% , Houses 2,228 1,991 2,723 1,750 3,069 75% 722 1,112 54% Improved profitablity Shops 681 62
Slide 18: Property Development Business by Location
Financials : Property Development Business (By Location) GECGRARHIC LOCATION Dec/2021 Variance Vai Rp'bn Ro’bn Rpibn Rp'bn Rp'br Rp'bn R REVENUES 3,617 3,670 4,148 3,529 4,045 15% 911 1,442 58% SKLG Kelapa Gading 751 680 247 202 49-76% i0 31 204% SSPG Serpong 4313-1463 2,243 «1589 «1,246 «= -22% 435
Slide 19: Income Statement Investment Property Business
Financials : Income Statement Investment Property Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDE! Last2Yrs J -PERIODENDED: | Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 1,599 894 918 1,481 1,738 17% 395 480 21% Mall & Retail properties 1,521 817 835 1,384 1,630 18% 369 450 22% Office
Slide 20: Income Statement Leisure & Hospitality Business
Financials : Income Statement Leisure & a rT Business LEISURE & HOSPITALITY Dec/2019 | Dec/2020 | Dec/2021 | Dec/2022 | Dec/2023 | Variance aan Mar/2024 Rp'bn Rp'bn Rp'bn Rp'bn p'bn Rp'bn Rp'bn REVENUE 423 153 183 346 480 39% 102 104 2% Leisure 75 27 35 52 64 24% 14 15 5% Hospitality (Hotels) 348 12
Slide 21: Balance Sheet Summary
Financials : Balance Sheet Summary SUMMARY CONSOLIDATED FINANCIAL YEAR E! ast2Yrs -PERIODENDED: _| BALANCE SHEETS Variance Natnce Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Cash & Cash Equivalents 1,664 1,656 2,774 3,143 3,293 5% 3,268 3,388 4% Inventories 8,514 9,187 9,254 9,960 10,906 10% 10,049 10,748 7
Slide 22: Non-land Capital Investments
q Non-land Capital Investments Rp'bn Rp'bn NON-LAND Indicative CAPITAL INVESTMENTS FY-2024 | FY-2025 | FY-2026 Rp'bn Rp'bn Summarecon Mall Bekasi [Phase 2] 4Q 2025 1,200 600 540 Summarecon Mall Makassar 4Q 2026 630 160 250 220 Harris Hotel Serpong 2Q 2026 270 160 110 2,100 920 900 220 Summarecon Mal
Slide 23: Our Business Model
gq 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 o
Slide 24: Outlook for the Year and Moving Forward
§ Outlook for the Year 4 8 A 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. Prop
Slide 25: To Contact Us / Disclaimer
TO CONTACT US «0... csesceseseeseseee 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
Slide 26: Pernyataan Sanggahan
q 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 bersifa
Slide 27: A Typical Residential Product (sample)
¢ A Typical Residential Product (sample) | ‘A. Bursa Mobil Summarecon Serpong 8, Area Komersial & Bisnis C. Universitas Multimedia Nusantara D. Selentia Square Summarecon Digital Center Sciantia Residences + Scientia Square Park Garden Walk E. Scientia Business Park F Cluster Dalton G. Cluster Newto
Slide 28: Marketing Brochure (sample)
Marketing Brochure (sample) TYPE-E 6x11m 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) i i Tree -E ee-E Paket Pengembangan oe | ee tox | eee 1 vo wanes om em a Land / Building Size : Land / B
Slide 29: End of Presentation
End of Presentation 57
PT Summarecon Agung — Investor Presentation (August 2024) on 6ix