PT Alam Sutera Realty Tbk · IDX:ASRI
PT Alam Sutera Realty Tbk — Investor Presentation (May 2015)
31 slides from PT Alam Sutera Realty Tbk's investor presentation, May 2015
Slide 1: PT Alam Sutera Realty Tbk Company Presentation
PT Alam Sutera Realty Tbk Company Presentation May 2015 1
Slide 2: Who We Are
Who We Are Established in 1994 and listed on the Indonesia Stock Exchange since December 2007 A leading property Well-located & large scale urban townships comprising high quality residential and commercial properties, ancillary facilities and infrastructure company in Indonesia Proven propert
Slide 3: The Management
The Management BOC BOD Angeline Sutedja Commissioner Harjanto Tirtohadiguno RM Frangky AD President Commissioner Director Pingki Elka Pangestu Independent Commissioner Purbaja Pantja President Director Tri Ramadi Vice President Commissioner Lilia Setiprawarti Sukotjo Director Prasasto Sudyatmiko Ind
Slide 4: Core Business Model
Core Business Model The Company’s core business model is focused on township development that has higher barriers to entry and leverages the Company’s core strength and competitive advantages Large scale, highly accessible urban township developed in phases over several years under a master plan.
Slide 5: Recent Initiatives: Land Capital Expenditure Plan
Recent Initiatives Our Land Capital Expenditure Plan Slowdown on Landbank Purchase and Reduce Capital Spending Landbank Position IDR bn Historical and Planned Land Acquisition Expenditure No Location Landbank as of Dec 31, 2014 % 4,000 1 Serpong, Tangerang 182 8% 3,377 2 North Serpong, Tangerang 248
Slide 6: Recent Initiatives: Strategy Going Forward
Recent Initiatives (cont’d) Our Strategy Going Forward Focus on execution, monetization of assets, and expansion of recurring income Reorganize sales and marketing team Team to be specialized (landed, high-rise, and institutional buyers), catering to different market segments Focus on return
Slide 7: Recent Initiatives: Target Marketing Sales Composition
Recent Initiatives (cont’d) Target Marketing Sales Composition 2015 Target Marketing Sales Breakdown By Products and Market Segments 2015 Marketing Sales Residential vs Commercial COMMERCIAL Target Marketing Im pact on Property Product Area Sales in IDR bn Target Market Tax Uncertainty Residentials
Slide 8: Recent Initiatives: Lower Gearing in 2015
Recent Initiatives (cont’d) Lower Gearing in 2015 Debt Maturity Profile Remaining Bond Details Description 2020 Bond 2019 Bond USD mm 300 USD 235 mm 6.95% interest p.a. USD 225 mm 9% interest p.a. Notes Senior Notes due 2020 Senior Notes due 2019 250 5 B1 Stable/ B+ Stable/ B+ Stable 6 Rating (Moody
Slide 9: Our Portfolio
Our Portfolio Project Overview Map Summary of Our Current Developments JAKARTA CAPITAL REGION BALI The Tower – Office Building Garuda Wisnu Kencana (“GWK”) – Cultural Park Wisma Argo Manunggal – Office Building Direct Exit Toll To Alam Sutera GWK Alam Sutera Township Silkwood Residence Kota Ayodhya
Slide 10: Alam Sutera and Suvarna Sutera Townships
Alam Sutera and Suvarna Sutera Townships Tangerang Overview Two of our main projects, Alam Sutera and Suvarna Sutera Townships, are well-located within the fast growing Tangerang region Alam Sutera Township The closest large-scale township to Jakarta with direct access to the Jakarta-Merak Toll Road
Slide 11: Alam Sutera Township
Alam Sutera Township Our Successful Yet Expanding Development Alam Sutera Project Masterplan Alam Sutera Overview • Located only 15 km away from Jakarta. Total development of ± 800 ha, divided into two phases. Phase 3 • Phase one: ± 450 ha (mostly residential and shop houses). • Phase two: ± 350 ha
Slide 12: Alam Sutera Township: Average Selling Price
Alam Sutera Township Average Selling Price Average Selling Price – Commercial Lots Average Selling Price – Residential Lots IDR mm psm IDR mm psm 16 14.4 13.7 14 12 10 9.0 8 6 5.5 3.8 4 2 0 2010 2011 2012 2013 2014 Marketing Sales 2010 2011 2012 2013 2014 Marketing Sales 2010 2011 2012 2013 2014 Lan
Slide 13: Suvarna Sutera Township
Suvarna Sutera Township Our Second Township Suvarna Sutera Master Plan Project Overview • Suvarna Sutera Township is the second township from Alam Sutera, located at Pasar Kemis, Tangerang, 15 km away from Alam Sutera. The Company G has developer license covering 2,600 ha area. Planned phase one dev
Slide 14: Suvarna Sutera Township: Average Selling Price
Suvarna 1 Sutera Township Average Selling Price Sustainable ASP Increase – Replicating Historical Alam Sutera Township Growth Path Average Selling Price – Land in Suvarna Padi Average Selling Price – Land in Suvarna Jati IDR mm psm IDR mm psm 6 5.0* 4 5 3.3 4.0 4 3 2.5 3 2.8 2 2.1 2 1 1 0 0 2011 201
Slide 15: High Rise Projects: Prominence Tower and Paddington Heights
High Rise Projects The Prominence Tower and Paddington Heights The Prominence Tower Paddington Heights Artist Impression of The Progress Progress Progress Construction Construction Construction as asofof Artist Impression of The Progress Progress Construction Construction as of Completed Product as
Slide 16: High Rise Projects: Kota Ayodhya
High Rise Projects (cont’d) Kota Ayodhya Kota Ayodhya is an apartment that is located at the heart of Tangerang City, only 6.2 km away from Alam Sutera Township. In 2014, The Company has successfully marketed 4 towers (phase 1). Artist Impression of The Completed Product Kota Ayodhya Land site area
Slide 17: High Rise Projects: The Tower
High Rise Projects (cont’d) The Tower The Tower is a 50-storey strata title office building strategically located in the golden triangle at the CBD Jakarta. Artist Impression of The Completed Product The Tower Location : Jl. Gatot Subroto Kav. 12 Land site area : 9,522 sqm Building GFA : 69,837 sqm
Slide 18: GWK Project: Overview of Bali Tourism
GWK Project Overview of Bali Tourism Number of Tourists Visiting Bali Number of Foreign Tourists Visiting Bali Total Number of Tourists Visiting Bali 2009-2013 2009-2013 10.4 3.3 8.5 9.0 2.8 2.9 2.4 2.6 7.3 5.9 2009 2010 2011 2012 2013 __________________________________________ Source: BPS Bali, 201
Slide 19: GWK Project: A Must Go To Destination In Bali
GWK Project (cont’d) A Must Go To Destination In Bali Starting 2017 Overview What We are Currently Developing • A private cultural park on the Bukit Peninsula at the southern 1. Garuda Wisnu Kencana Statue end of the island of Bali in Indonesia, 15 minutes from Ngurah Rai International Airport. Buki
Slide 20: GWK Project: The Statue
GWK Project (cont’d) The Statue The statue is designed by Nyoman Nuarta, a world renowned Balinese’s artist with many experience worldwide in making large scale statues. The statue will be made of copper and built on the hill at 130m altitude above the sea level, standing on 50 meter pedestal. It wi
Slide 21: Property Investment
Property Investment Mall @Alam Sutera Wisma Argo Manunggal (WAM) Customer Traffic Average visitors per 2013 2014 day Weekdays 8,000 9,400 Weekends 19,000 23,000 Wisma Argo Manunggal Mall @Alam Sutera – Night View Front View Mall @Alam Sutera Wisma Argo Manunggal GFA : 165.000 sqm Location : Jl. Jend
Slide 22: Consolidated Marketing Sales
Consolidated Marketing Sales in IDR mm 2008 2009 2010 2011 2012 2013 2014 2015 Jan - Feb 30,220 25,607 305,677 350,273 946,380 914,199 288,388 568,540 * Mar - Apr 42,286 127,905 311,097 387,115 828,500 789,403 782,323 307,824 ** May - Jun 175,282 120,867 401,299 278,831 371,374 1,428,167 1,551,284 -
Slide 23: Marketing Sales Breakdown
Marketing Sales Breakdown Leading Property Developer with Consistent Sales Growth Consolidated Marketing Sales (in IDR bn) Marketing Sales Breakdown by Product FY2014 4,821 4,256 3,648 1,007 4% Commercial land lots 2,812 20% Residential (Houses and land 1,608 lots) 1,023 57% Apartments 492 19% Offic
Slide 24: Recurring Income
Recurring Income The company is committed to increase its recurring income through diversifying its investment property portfolio. At the moment, the contribution of recurring income mainly comes from Mall @ Alam Sutera, GWK project and estate management. Historical Recurring Income (in IDR bn) 308
Slide 25: Financial Highlights: Income Statement
Financial Highlights Income Statement Revenue Gross Profit IDR tn IDR tn 0.9 _____________________________________________________ % of Rev 52 59 60 50 63 Note: In 2013, The Company sold 91 ha size of land to Bekasi Fajar @ IDR 915 bn (excludes ppn). Operating Income Net Income EBITDA IDR tn IDR tn
Slide 26: Financial Highlights: Financial Positions
Financial Highlights Financial Positions Balance Sheet Information Cash & Time Deposit IDR tn IDR tn 16.9 14.4 10.9 6.0 4.6 Bonds Payable Bank Loan Sales Advances IDR tn IDR tn IDR tn 26
Slide 27: Financial Highlights: Financial Ratios
Financial Highlights Financial Ratios Net & Gross Debt to EBITDA EBITDA to interest x x 4.0 3.5 3.3x 2.9x 2.9x 3.0 2.5 2.3x 2.0 1.8x 1.6x 1.5 1.0 0.7x 0.4x 0.5 (0.1)x -0.4x 0.0 -0.5 2010 2011 2012 2013 2014 -1.0 Debt/Ebitda Net Debt/Ebitda Net & Gross Gearing Return on Equity 120% 104% 100% 90% 86%
Slide 28: Financial Highlights: 1Q15 Numbers
Financial Highlights 1Q15 Numbers Income Statement Balance Sheet and Financial Ratios Description 1Q14 1Q15 % Change Description 1Q14 1Q15 (in IDR bn) (in IDR bn) Revenue 871 991 14% Cash and Time Deposit 2,113 1,819 Total Debt 5,887 7,024* Gross Profit 415 766 84% Debt/ LTM EBITDA 4.12 3.02 % of Re
Slide 29: Awards
Awards Awards 2014 2013 2012 2011 FIABCI Prix IFLA APR d’Excellence Awards Awards Nomination of Best Share Issuer Merit Awards Market Cap Landscape Top Ten Platinum Brand Top Performing Top Performing Outstanding Top Performing up to Rp 10 trillion Category Developers Champion Listed Companies Liste
Slide 30: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Represen
Slide 31: Thank You
THANK YOU 31
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