PT Surya Semesta Internusa Tbk · IDX:SSIA
PT Surya Semesta Internusa Tbk — FY2013 Earnings Presentation
43 slides from PT Surya Semesta Internusa Tbk's earnings presentation, 2014
Slide 1: Review 2013
PT SURYA SEMESTA INTERNUSA TBK (“SSIA”) Review 2013 www.suryainternusa.com 0
Slide 2: Table of Contents
Surya Semesta Internusa Table of Contents in Summary • Vision and Mission • Investment Highlights Review of Business Segments • History • Major Subsidiaries, CONSTRUCTION Shareholders & Management • PT Nusa Raya Cipta (“NRC”) • Investment Portfolio • Indonesia Economic PROPERTY Indicator • PT Suryac
Slide 3: Surya Semesta Internusa in Summary
Surya Semesta Internusa in Summary 2
Slide 4: Vision and Mission
Vision and Mission Vision To build a better Indonesia through a reliable , trusted and respected Indonesia property, hospitality and construction group of companies Mission To provide quality products and superior services, through the commitment and excellence of our people, and create optimal valu
Slide 5: Investment Highlights
Surya Semesta Internusa in Summary Investment Highlights • SSIA’s primary businesses are Construction, Property (industrial estate, real estate and rental property) and Hospitality. • The company is listed on the Indonesia Stock Exchange. • SSIA has a stable base of well-respected long term sharehol
Slide 6: History
Surya Semesta Internusa in Summary History Year Milestone 1971 Established as a property development company to develop the Golden Triangle area in Kuningan, South Jakarta, Indonesia 1976 Built Glodok Plaza, Indonesia’s first modern shopping center in Chinatown, Jakarta, Indonesia 1983 Developed Mel
Slide 7: Major Subsidiaries and Associates, Shareholders & Management
Surya Semesta Internusa in Summary Major Subsidiaries and Associates, Shareholders & Management Construction Hospitality PT Nusa Raya Cipta “(NRC”) 67.20% PT Suryalaya Anindita International (“SAI”) 86.79% PT Baskhara Utama Sedaya (“BUS”) – Associates *) 45.62% PT Ungasan Semesta Resort (“USR”) 100%
Slide 8: Investment Portfolio as at 31 December 2013
Surya Semesta Internusa in Summary Investment Portfolio as at 31 December 2013 Construction PT Nusa Raya Cipta Tbk. (“NRC”) Construction services Top 3 privately-owned (revenue) Property PT Suryacipta Swadaya (“SCS”) Suryacipta City of Industry, Karawang, West License of 1,400 ha (gross) Java Detail
Slide 9: Indonesian Economic Indicators
Indonesian Economic Indicators Source: Bank Indonesia, Indonesian Bureau Statistics 8
Slide 10: 2013 Financial Highlights
2013 Financial Highlights • SSIA recorded consolidated revenue of IDR 4,583b in 2013, increased by 29% from 3,565b in 2012. Breakdown of the contributor is as follows : • Strong performance from construction business unit which booked revenue of IDR 2,843b in 2013, increased by 52% compared to IDR 1
Slide 11: Consolidated Operating Results
Financial Highlights Consolidated Operating Results (Rp in billions, unless stated otherwise) 2009 2010 *) 2011 2012 2013 Audited Audited Audited Audited Unaudited Revenue 1,484 1,690 2,879 3,565 4,583 Revenue Growth -15% 14% 70% 24% 29% Gross Profit 348 478 782 1,296 1,320 Gross Profit Margin 23% 2
Slide 12: Consolidated Revenue by Business Segment
Financial Highlights Consolidated Revenue by Business Segment In Rp Bio 2009 2010 2011 2012 2013 In Percentage 2009 2010 2011 2012 2013 Construction 873 978 1,520 1,870 2,843 Construction 59% 58% 53% 52% 62% Hospitality 347 413 449 473 580 Hospitality 23% 24% 16% 13% 13% Property 105 235 909 1,222 1
Slide 13: Consolidated EBITDA by Main Business Segment
Financial Highlights Consolidated EBITDA by Main Business Segment In Rp Bio 2009 2010 2011 2012 2013 In Percentage 2009 2010 2011 2012 2013 Construction 45 66 99 144 240 Construction 32% 30% 19% 15% 23% Hospitality 96 100 109 132 179 Hospitality 69% 45% 21% 13% 17% Property 16 73 328 738 647 Propert
Slide 14: Consolidated Net Profit by Main Business Segment
Financial Highlights Consolidated Net Profit by Main Business Segment In Rp Bio 2009 2010 2011 2012 2013 Construction 10 26 32 65 128 Hospitality 26 13 4 17 46 Property 13 34 235 646 630 Other - PPI (16) (5) - - - Other - Holding (15) 47 (14) (20) (114) Total 18 116 257 707 691 13
Slide 15: Consolidated Balance Sheet 2009 to 2013
Financial Highlights Consolidated Balance Sheet –31 December 2009 to 2013 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 In Rp Billions Audited Audited Audited Audited Unaudited Current Assets 616 765 1,446 2,920 3,268 Cash & ST investments 229 255 585 1,893 1,725 Others 387 510 861 1,028 1,544 I
Slide 16: Balance Sheet Summary
Financial Highlights Balance Sheet Summary – 31 December 2009 to 2013 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 Bank/Third parties Loan IDR denominated in Rp Billion 307 367 466 1,316 1,279 US$ denominated in US$ Million 46.9 43.1 18.3 6.3 3.2 Total Debt in Rp Billion 748 755 632 1,377 1,318
Slide 17: Review of Business Segments
Review of Business Segments 16
Slide 18: Construction - PT Nusa Raya Cipta Tbk
CONSTRUCTION - PT Nusa Raya Cipta Tbk (“NRC”) 17
Slide 19: Construction Business Unit: PT Nusa Raya Cipta
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta • PT Nusa Raya Cipta Tbk. (“NRC”) is one of Indonesia’s leading private construction companies, specializing in high-rise buildings, commercial complexes, and medium-to-large scale manufacturing facilities • Over the years, it has b
Slide 20: Major Projects and Contracts
Financial Highlights Construction Business Unit: PT Nusa Raya Cipta Major Projects and Contracts • Some major projects obtained in 2013, including: − Crowne Plaza Hotel - Bandung 2009-2012 Major Projects − Ciputra World 2 - Jakarta Cosmo Terrace Retail and Mall Alam Sutera, Apartment , Jakarta Serpo
Slide 21: Photos of Projects by NRC – High Rise Buildings
Photos of Projects by NRC – High Rise Buildings Cyber Green Office – BSD City Ciputra World Ambassade Residences, Kuningan Grand Aston Hotel - Yogyakarta Mall Alam Sutera, Serpong Royal Mediterania Garden Residence, Tanjung Duren 20
Slide 22: Photos of Projects by NRC – Infrastructure
Photos of Projects by NRC – Infrastructure Improvement on Tangerang-Merak Toll Road Construction of Jetty, East Kalimantan 21
Slide 23: Property
PROPERTY - PT Suryacipta Swadaya (“SCS”) - PT TCP Internusa (“TCP”) - PT Sitiagung Makmur (“SAM”) 22
Slide 24: Property: Description
Financial Highlights Property: Description • PT Suryacipta Swadaya (“SCS”) develops and currently manages the Suryacipta City of Industry – a 1,400 ha industrial estate in Karawang, West Java (55 km from Jakarta, 65 km from Tanjung Priok Seaport and 80 km from International Airport) • PT TCP Internu
Slide 25: Property: Operating Result
Financial Highlights Property: Operating Result (Rp in billions) 2009 2010 2011 2012 2013 Audited Audited Audited Audited Unaudited Revenue 105 235 909 1,222 1,159 Gross Profit 33 100 358 796 694 EBITDA 16 73 328 738 647 Operating Profit 3 52 312 722 628 Net Profit 13 34 235 646 630 Revenue Growth -
Slide 26: Foreign and Domestic Direct Investment vs Industrial Land Sales
Statistic of Foreign Direct Investment and Domestic Direct Investment Realization (LHS) vs Statistic of Industrial Land Sales in West Java Area (RHS) Source: BKPM (Indonesia Investment Coordinating Board) and Colliers Research 25
Slide 27: Industrial Estate Sector Research
Industrial Estate Sector Research Source: Colliers 4Q2013 Research 26
Slide 28: Property: Industrial Estate Review
Financial Highlights Property: Industrial Estate Review Government support for industrialization leads to higher FDI inflow and expansion of domestic manufacturers as they have fully utilized their capacity, spurs demand for land in industrial estate. 2009 2010 2011 2012 2013 Land sold (ha) 5.4 36.4
Slide 29: Property: Industrial Estate Review
Financial Highlights Property:Industrial Estate Review Major Tenants: Licence (ha) - gross 1,400 • Foreign-owned −Bridgestone Tire, Japan (37 ha) Phase 1 and 2 (ha) - gross 1,000 −TVS, India (40 ha) Industrial land (ha) - net 768 −Bekaert, Belgium (19 ha) Sold up to 31 Dec 2013 (ha) - net 739 −JVC E
Slide 30: Suryacipta Master Plan
xi ux ¥ suryainternusa U XX) Wan Suryacipta Master Plan y ‘Ab dy, as CRSA A 'Y OF INDUSTRY INDONESIA 29
Slide 31: Property: Rental Property Review
Financial Highlights Property: Rental Property Review • Rental properties, Graha Surya Internusa office building (GSI) and Glodok Plaza (GP) booked relatively stable rental income. Occupancy Rate 2009 2010 2011 2012 2013 GSI 85% 89% 90% 92% 62% GP 72% 72% 81% 84% 88% Revenue (In bio Rp) 2009 2010 20
Slide 32: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Commercial Area Developement Suryacipta City of Industry Entrance 31
Slide 33: Photos of Suryacipta City of Industry
Photos of Suryacipta City of Industry Toll Exit Leading to Suryacipta City of Industry Cut and Fill Work in Phase 3 32
Slide 34: Hospitality
Hospitality - PT Suryalaya Anindita International (“SAI”) - PT Ungasan Semesta Resort (“USR”) 33
Slide 35: Hospitality Business: Description
Financial Highlights Hospitality Business: Description PT Suryalaya Anindita International (“SAI”) owns two five-star hotel properties: • Gran Meliã Jakarta (“GMJ”) and • Meliã Bali Villas & Spa Resort (“MBH”) PT Ungasan Semesta Resort (“USR”), together with Banyan Tree Hotels and Resorts Ltd. Singa
Slide 36: Hospitality Business: Operating Result
Financial Highlights Hospitality Business: Operating Result (Rp in billions) 2009 2010 2011 2012 2013 Audited Audited Audited Audited Unaudited Revenue 347 413 449 473 580 Gross Profit 232 274 291 321 390 EBITDA 97 100 109 132 179 Operating Profit 69 70 74 94 130 Net Profit 61 33 17 33 54 Revenue Gr
Slide 37: Hospitality Business: Review
Financial Highlights Hospitality Business: Review ARR ($) 2009 2010 2011 2012 2013 GMJ 73 78 90 115 122 MBH 85 93 111 111 108 BTUR - 394 459 507 547 Room RevPAR ($) 2009 2010 2011 2012 2013 GMJ 43 56 46 43 66 MBH 70 76 90 89 84 BTUR - 246 282 318 313 Total RevPAR ($) 2009 2010 2011 2012 2013 GMJ 95
Slide 38: Hospitality Business: Review 2013
Financial Highlights Hospitality Business: Review 2013 • Despite fierce competition among hotels in Bali, Melia Bali Hotel still managed to maintain their performance with only slight drop in occupancy rate to respectable 78% with average room rate of US$108. • The renovation works in Gran Melia Jak
Slide 39: Photos of Gran Melia Jakarta
Photos of Gran Melia Jakarta Café Gran Via Café Gran Via Lobby Guest Room 38
Slide 40: Photos of Melia Bali Hotel
Photos of Melia Bali Hotel Villa Main Pool Aerial View, MBH Nusa Dua Family Suite Room 39
Slide 41: Photos of Banyan Tree Ungasan Resort
Photos of Banyan Tree Ungasan Resort 40
Slide 42: Outlook: Construction, Property and Hospitality
Construction and Infrastructure: The milestone infrastructure project: Cikampek-Palimanan Toll Road is still on track to finish by Aug 2015. Property: Industrial Estate will continue development of phase 3 in Karawang and still targeting to secure additional licence and fully acquire of 1,000 ha in
Slide 43: Thank You
suryainternusa Thank You INDONESIA 42
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