Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (May 2021)
34 slides from Pt Summarecon Agung Tbk's investor presentation, May 2021
Slide 1: PT Summarecon Agung Tbk Investor Presentation – May 2021
PT. SUMMARECON AGUNG TBK (IDX: SMRA) Investor Presentation – May 2021 0
Slide 2: Agenda
Agenda Section 1 Company overview 2 Key investment highlights 3 Property development / investment property / leisure & hospitality overview 4 Financial highlights 5 Future growth strategy 1
Slide 3: Company overview
Section 1 Company overview 2
Slide 4: Business overview
Business overview Property Development Investment Properties Leisure, Hospitality and Others Sales revenue from developed property Recurring revenues from rental and service charge Supplemental facilities with recurring revenues fee Marketing sales 2020: IDR3,670bn Haris Hotel & POP! Hotel
Slide 5: Portfolio snapshot
Portfolio snapshot Land Starting Area Developed Location Bank Property Developed and Sold Investment Property, Leisure & Hospitality Year (ha) (ha) (ha) Mal Kelapa Gading 1 - 5 Gading Food City 30,000+ residential houses Kelapa Harris Hotel Kelapa Gading 1976 550 542 8 2,120+ shoplots Gadi
Slide 6: Marketing sales summary
Marketing sales summary After good achievement in 2019 with sales up +21.6% YoY, project diversification is the key factor supporting Summarecon’s marketing sales amid challenging times in 2020 and 2021. Historical Marketing Sales Marketing Sales by Location (FY2017-2021 YTD) 3,561 3,398 4,132 3,304
Slide 7: Marketing sales summary
Marketing sales summary Summarecon also sees increasing marketing sales contribution from houses (from 46% in 2017 to 70% in 2020), especially in the IDR1-2bn price range in the past few years. Marketing Sales by Product Type Marketing Sales by Unit Price Marketing Sales by Payment Type 100% 100% 2%
Slide 8: FY2020 and FY2019 results breakdown
FY2020 and FY2019 results breakdown Property Development Investment Property Others (Leisure and Hospitality) Total Revenue by Segment Others Commercial and others Miscellaneous Leisure Residential 5.1% 4.1% Others 3.3% 5.7% Apartments 0.5% Investment 9.3% 23.9% Offices properties 3.1% Hotel 17.8% 2
Slide 9: Key investment highlights
Section 2 Key investment highlights 8
Slide 10: Key investment highlights
Key investment highlights Leading Indonesian property developer with 01 strong track record Integrated residential townships in strategic 02 locations across Indonesia Well-diversified portfolio with strong recurring 03 income 04 Among the largest land banks in Indonesia 05 Experienced management te
Slide 11: Leading Indonesian property developer with strong track record
1 Leading Indonesian property developer with strong track record Proven track record >40yrs Balanced revenue model Diversified geographical presence Others Others 9.3% 12.2% Investment Investment Properties ~2,000 hectares development area Properties 26.9% 17.8% FY20: FY19: 7 development areas ~ of
Slide 12: Leading Indonesian property developer with strong track record
1 Leading Indonesian property developer with strong track record Summarecon is a leading property company in Indonesia with more than 40 years of experience in building and developing a well-established and modern townships, as well as managing prime and reputable leisure and recreational properties
Slide 13: Integrated residential townships in strategic locations across Indonesia
Integrated residential townships in strategic locations 2 across Indonesia Spread across various locations in Indonesia, Summarecon offers product diversity and presence in several rapidly growing areas, particularly in the Greater Jakarta area. 2 Serpong (Greater Jakarta) 1 Kelapa Gading (Jakarta)
Slide 14: Well-diversified portfolio with strong recurring income
3 Well-diversified portfolio with strong recurring income Apart from generating revenue from property development, Summarecon also manages retail malls with high occupancy rates, providing stability to the Company's routine income base. Market Leader in Jakarta & Greater Jakarta Main Investment Prop
Slide 15: Among the largest land banks in Indonesia
4 Among the largest land banks in Indonesia Summarecon has one of the largest land reserves among property companies in Indonesia, laying a solid foundation for current and future development projects. Planned Acquisitions (ha) Top 3 Listed Residential Property Business Gross Area Township % Ownersh
Slide 16: Experienced management team
5 Experienced management team Summarecon is led by a highly experienced management team comprised of seasoned professionals where most of the directors and executive directors have joined the Company for more than 15 years Board of Commissioners H. Edi Darnadi Lexy Arie Turniwa Ge Lilies Yamin Ir. S
Slide 17: Property Development / Investment Property / Leisure & Hospitality Overview
Section 3 Property Development / Investment Property / Leisure & Hospitality Overview 16
Slide 18: Property development - Summarecon Kelapa Gading
Property development - Summarecon Kelapa Gading Project Snapshots Township Overview Built in 1975, Summarecon Kelapa Gading is the first township developed by the Company with an initial area of 10 hectares. The Company has succeeded in developing and transforming the swamp area into one of the pres
Slide 19: Property development - Summarecon Serpong
Property development - Summarecon Serpong Ongoing Projects Township Overview 1,400 housing units built and will continue to be developed up to 13 housing cluster (200-300 units each) 3 shoplots areas developed to create and support local economies for residents. The Springs Integrated satellite
Slide 20: Property development - Summarecon Serpong
Property development - Summarecon Serpong Project Development Value (Ongoing & Future Projects) Launch Total Value Sold Balance Sold Residentials Product Name Type Year (Rp bn) (Rp bn) (Rp bn) % • Sold: Rp571 bn (68%) The Springs • Balance: Rp264 bn (32%) Goldfinch [Ext] Residential 2015 82 73 9 89%
Slide 21: Property development - Summarecon Bekasi
Property development - Summarecon Bekasi Project Snapshots Township Overview Primrose Condovillas Olive Residence Morizen As the third township, the Company has developed Bekasi Project Development Value (Ongoing & Future Projects) into a metropolitan residential and commercial area with Launch Tota
Slide 22: Property development - Summarecon Bandung
Property development - Summarecon Bandung Project Snapshots Township Overview Developed in 2015, Summarecon Bandung is the first township developed outside the Greater Jakarta region. It Topaz Commercial Chelsea Emily is part of "Bandung Teknopolis“, the vision of the Bandung City Government for a m
Slide 23: Property development - Summarecon Emerald Karawang
Property development - Summarecon Emerald Karawang Project Snapshots Township Overview Implementing a Green Living Lifestyle, The Summarecon Emerald Karawang is supported by various infrastructure Cluster Elora Sapphire Commercial Sevanti development, such as international airports, ports and fast t
Slide 24: Property development - Summarecon Mutiara Makassar
Property development - Summarecon Mutiara Makassar Project Snapshots Township Overview Beryl Jade Blue Crystal Newly developed in 2018, Summarecon Mutiara Project Development Value (Ongoing & Future Projects) Makassar presents an area with an aeroport city concept Launch Total Value Total Sold Balan
Slide 25: Property development - Summarecon Bogor
Property development - Summarecon Bogor Project Snapshots Township Overview Summarecon Bogor is the seventh integrated city area developed by the Company in 2020 and is located 55 km Mahogany Residence Agathis Residence from Jakarta with direct toll access to the Summarecon Bogor area. The project l
Slide 26: Investment property
Investment property At present, Summarecon owns and operates 3 shopping malls with total GFA of more than 300,000 m2, generating significant recurring revenues from lease of retail malls. Summarecon Mall Kelapa Gading Summarecon Mall Serpong Summarecon Mall Bekasi GFA* (m2) Visitor Traffic GFA* (m2)
Slide 27: Investment property
Investment property In addition to malls, Summarecon also owns and operates other shopping centers, recreational areas, and head offices, all of which are an integral part of township development. Scientia Square Plaza Summarecon Designed to be the center of business and lifestyle in the Scientia
Slide 28: Leisure, hospitality and others
Leisure, hospitality and others The hospitality and leisure business unit provide important complementary facilities in each townships, while simultaneously generating recurring income for Summarecon. Sports Club Hotel & Resort Education Klub Kelapa Gading Harris Hotel Kelapa Gading Harris Hotel Bek
Slide 29: Financial highlights
Section 4 Financial highlights 28
Slide 30: Income statement highlights
Income statement highlights Revenue Gross Margin IDR bn 8,000 4,000 IDR bn 45.5% 48.4% 48.0% 45.6% 7,000 3,500 5,942 6,000 5,641 5,661 2,739 2,850 3,000 726 5,030 2,566 232 637 734 232 2,292 5,000 466 2,500 167 1,400 1,599 25 4,000 1,492 894 718 814 935 329 2,000 3,000 1,500 2,000 3,603 3,617 3,670
Slide 31: Balance sheet highlights
Balance sheet highlights Total Assets, Liabilities, and Equity RoAA & RoAE IDR bn 30,000 9.0% 7.9% 8.0% 25,000 23,299 24,442 9,451 24,923 9,086 9,061 6.4% 6.6% 21,663 8,354 7.0% 20,000 6.0% 14,990 15,837 5.0% 15,000 13,309 14,239 4.0% 3.1% 2.5% 2.6% 2.7% 10,000 3.0% 2.0% 5,000 1.0% 1.0% - 0.0% 2017A
Slide 32: Future growth strategy
Section 5 Future growth strategy 31
Slide 33: Future growth strategy
Future growth strategy Focus on development of townships in strategic 01 areas Continuously developed diversified portfolio, 02 both in terms of products and geographical location Develop existing land reserves and acquire 03 strategic land plots Continue to create innovations in marketing 04 strate
Slide 34: Disclaimer
Disclaimer We caution investors that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including development plans and o
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