Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (October 2022)
29 slides from Pt Summarecon Agung Tbk's investor presentation, October 2022
Slide 1: PT Summarecon Agung Tbk Company Presentation October 2022
summarecon Wonderful Life Wonderful World PT SUMMARECON AGUNG Tbk A Company Presentation ae October 2022 Company Profile + Corporate Information, Shareholders + Management Team + Principal Business Activities + Project Locations + Landbank & Projected Acquisitions B. Property Development + Marketing
Slide 2: A. Company Profile: Corporate Information
summarecon Wonderful tite - Wonderful World A. Company Profile ¢ CORPORATE INFORMATION Incorporated : 26/Nov/1975 Listing Date : 7/May/1990 IPO Price : Rp 680 /Share Ticker : SMRA:IJ Share Value (Nominal) : Rp 100 /Share Total Shares Issued : 16,508,568,358 Share Capital : Rp 1,651 bn Share Price @
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 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: Property Development: Marketing Sales by Location & Product Type
summarecon Wonderful tite - Wonderful World B. Property Development Property Development : Marketing Sales by Location & by Product Type Marketing Sales by Location 6,000 = = — YoY -5% 5,000 —_ SALES 20218 LOCATION aml Rp'bn 4,370 Actual Rp'bn Rp’bn 2,718 Rp'bn Rp'bn 3,021 Greater Jakarta " 2,544" 2
Slide 6: Product Price Range & Customer Payment Profile
Property Development : Product Price Range & Customer Payment Profile Marketing Sales by Product Price Range 6,000 2017A = —-2018A 20198 2020A 2021A 20200 2021A Customer Payment Profile 100% 90% 80% 70% 60% 50% Rp'billion 40% 30% 20% 10% 0% 2017A 2018A 20198 o- a { { | 20228 2022A PRODUCT PRICE RANG
Slide 7: Property Development: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) EOI Rome eae 1st Launch | Completion — — — — one Rp'bn Rp'bn Rp’bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,487 (1,354) 133 453 (415) 38 3,283 91% Kensington Royal Suites [D] Apartment Apr-15 Apr-19 432 (397) 3
Slide 8: Property Development: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) O D O OME ONGO PRO ° “ pe Date Date ota old Ba Total _ Sold Bal alue Rp'bn Rp'bn Rp'bn Rp'mn The Springs Goldfinch [Ext] House Mar-15 Mar-17 81 (73) 8 20 (18) 2 4,050 90%| Flamingo [Ext] House Agu-17 Agu-19 699 (542) 157 236 (183) 53 2,9
Slide 9: Property Development: Summarecon Bekasi
Property Development : Summarecon Bekasi (in Greater Jakarta) te) D O OME ONGO O od ° 0 No. of Units ASP % sold ° “ pe Date Date ota old Ba Total Sold Bal a Rp'bn Rp'bn Rp'bn Rp'mn SpringLake [D] Apartment Jul-14 Jul-18 380 (370) 10 778 (758) 20 488 97% SpringLake View [E] Apartment Agu-15 Agu-19 38
Slide 10: Property Development: Summarecon Bandung
Property Development : Summarecon Bandung (in West Java) Rafe | exter Product 1st Launch | Completion = = a — fe sold Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 Mei-22 598 (551) 47 141 (130) 11 4,238 92% Flora House Sep-20 Mar-23 724 (635) 89 405 (355) 50 1,789 88% Xandari * Landplot Nov-21 Nov-24 2
Slide 11: Property Development: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) 1st Launch | Completion | Development Value No. of Units % sold Project | Product Name Total __ Sold it (Value) Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Okt-20 Apr-23 563 (563) C) 321 (321) 01,754 100% Mahogany Island Landplot Okt-20 Apr-23
Slide 12: Investment Property: Shopping Malls
summarecon Wonderful tite - Wonderful World C. Investment Property D. Hospitality Business E. Leisure, Education & Others ¢ INVESTMENT PROPERTY : Shopping Malls At present, Summarecon owns and operates 3 shopping malls with total GFA of more than 300,000 m2, generating significant recurring revenues
Slide 13: Investment Property: Shopping Malls
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | aranerey| SR Service Charge Visitor Traff (Wah Guia m2 / Month m2 / Month VERERLES Pax / Year Summarecon Mall Kelapa Gading 150,000 m2 112,000 m2 91% Rp 330,000 = Rp 112,000 = 50% ~600+ FY-2021* 12.0Mn FY-2020* 12.0 Mn Summarecon Mall Serpong 115,
Slide 14: Leisure, Education & Others
q LEISURE, EDUCATION & OTHERS | Education The leisure and education business units provide important complementary facilities to support each township, while simultaneously generating recurring income. In 2020 and 2021, the operations were affected under Covid-19 regulations wherein individual . ths
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated CONSOLIDATED FINANCIAL YEAR ENDE! Last 2 Yrs INCOME STATEMENTS Variance REVENUE 5,641 5,661 5,942 5,030 5,568 11% 2,459 2,729 11% GROSS PROFIT 2,803 2,953 3,047 2,502 2,801 12% 1,290 1,549 20% OVERHEADS (1,127) (1,103) (1,180) (950) (980) (445) (520) - Selling Expense (339)
Slide 16: EBITDA and EBIT by Business Segment
Financials : EBITDA Business Segment FINANCIAL YEAR ENDED: st 2 Yrs Variance EBITDA 1,676 1,850 1,867 1,552 1,822 17% 845 1,029 22% Property Development (PDV) 861 931 885 1,267 1,446 14% 645 637 -1% Investment Property (IVP) 743 785 865 341 410 20% 220 410 87% Leisure & Hospitality (L&H) 17 87 78 (1
Slide 17: Income Statement: Property Development Business
Financials : Income Statement Property Development Business INCOME BY BUSINESS SEGMENT PROPERTY DEVELOPMENT tae Dec/2018 | Dec/2019 | Dec/2020 Variance Rp’bn Rp’bn Rp'bn Rp’bn Rp'bn PERIOD ENDED: Jun/2021 | 3jun/2022 | vera | Rp'bn REVENUE 3,603 3,436 3,617 3,670 4,148 += 13% 1,749 1,743 Seo Houses
Slide 18: Property Development Business (By Location)
Financials : Property Development Business (By Location) PROPERTY DEVELOPMENT FINANCIAL YEAR ENDED: Last 2 PERIOD ENDED: GEOGRAPHIC LOCATION Dec/2017 | Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 | Variance ‘Jun/2021 | Jun/2022 Rp'bn Rp'bn on Rp'bn Rp'bn Rp'bn Rp'bn REVENUES 3,603 3,436 3,617 «3,670 ‘
Slide 19: Income Statement: Investment Property Business
Financials : Income Statement Investment Property Business INCOME BY BUSINESS SEGMENT INVESTMENT PROPERTY Dec/2017 | Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 FINANCIAL YEAR ENDED: Last 2 Yrs Variance Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 1,400 1,492 1,599 894 918 3% 467 682 Mall & Retai
Slide 20: Income Statement: Leisure & Hospitality Business
Financials : Income Statement Leisure & Hospitality Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: st 2 Yrs Dec/2021 Vi ce PERIOD ENDED: Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 354 422 423 153 183 20% 88 130 47% Leisure 71 77 75 27 35 32% 18 22 21% Hospitality (Hotels) 283 344 3
Slide 21: Balance Sheet Summary
Financials : Balance Sheet Summary SUMMARY CONSOLIDATED FINANCIAL YEAR ENDED: Last 2 Yrs BALANCE SHEETS Variance Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Cash & Cash Equivalents 1,474 1,534 1,664 1,656 2,774 67% 2,842 3,247 14% Inventories 6,498 7,890 8,514 9,187 9,254 1% 9,290 9,685 4% Landbank 6,
Slide 22: Non-land Capital Investments
Non-land Capital Investments NON-LAND Indicative CARE ARINVESTMENTS! FY-2021 | FY-2022 | FY-2023 n Rp'bn Rp'br Rp'bn Rp'bn Summarecon Villaggio Jakarta Luxury Outlet 1Q 2023 160 30 110 20 Summarecon Mall Bandung 4Q 2023 700 105 315 280 860 135 425 300 Summarecon Villaggio Jakarta Luxury Outlet will
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
¢ Outlook for the Year ™ The pandemic is the biggest uncertainty on the horizon, reinforced by the surfacing of the Omicron variant, for instance, and the likelihood of more variants. Whilst the endgame of the pandemic is very uncertain, we assume that the world is entering a stage where the pandemi
Slide 25: To contact us / Disclaimer
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) § Marketing Brochure (sample) Fete Dvtpret garden Scientia Garden, kawasan seluas 200 ha yang dikembangkan dengan konsep Smart and Green Environment, yang mengintograsikan antara fasilitas pendidikan, perkantoran, area hemorsial, pusat perbelanjaan gadget dan
Slide 28: Marketing Brochure (sample)
¢ Marketing Brochure (sample) TYPE-E 6xiim e 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 ¢ Marketing Brochure (sample) tee - E Paket Pengembangan anh | at i fie = Land / Building Size : Land / Building Size : Land / Buildi
Slide 29: End of Presentation
End of Presentation
PT Summarecon Agung — Investor Presentation (October 2022) on 6ix