Pt Summarecon Agung Tbk · IDX:SMRA
Pt Summarecon Agung Tbk — Investor Presentation (November 2022)
29 slides from Pt Summarecon Agung Tbk's investor presentation, November 2022
Slide 1: PT Summarecon Agung Tbk Company Presentation November 2022
qo nnn PT SUMMARECON AGUNG Tbk ON Content A Company Presentation November 2022 A. Company Profile + Corporate Information, Shareholders + Management Team + Principal Business Activities + Project Locations + Landbank & Projected Acquisitions B. Property Development + Marketing Sales by Locations & P
Slide 2: Corporate Information
Es summarecon Wonderful Life - Wonderful World PN A. Company Profile CORPORATE INFORMATION Incorporated : 26/Nov/1975 Listing Date : 7/May/1990 IPO Price: Rp 680 /Share Ticker : SMRA:1J 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) and Landbank
PROJECT LOCATIONS (TOWNSHIPS) All projects are in high density locations with Sulawesi upper-strata economic wealth (Celebes) e Ww New Guinea =< - Sumatra owe Kalimantan (Borneo) Banda Islands Sali Sumbawa Fipres eae Lombok “> Sumba Metropolitan Jakarta (JABODETABEK) Location / (Population Ranking b
Slide 5: Marketing Sales by Location & Product Type
Es summarecon Wonderful Life - Wonderful World aN B. Property Development Property Development : Marketing Sales by Location & by Product Type Marketing Sales by Location SALES 2021A 20227 6,000 ~ LOCATION Actual | Target Rp’bn—-Rp'bn—Rp’bn_—Rp'bn_——Rplbn_—Rp'bn_—_—Rp'bn. 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 > ee 2017A —-.2018A 2019A 2020A 2021A Customer Payment Profile 100% 90% 30% 20% 10% 0% 2017A 2018A 2019A 2020A 2021A Hie 2022A 2017 | 2018 | 2019A | 2020A | 2021A | 2022A PRODUCT PRICE
Slide 7: Summarecon Kelapa Gading
Property Development : Summarecon Kelapa Gading (in Greater Jakarta) Project | Product Name — 1st Launch | Completion Lid = 7 ey Rp'bn Rp'bn Rp'bn Rp'mn Kensington Royal Suites [A-C] Apartment Sep-14 Sep-18 1,487 (1,356) 131 453 (416) 37) 3,283 91% Kensington Royal Suites [D] Apartment Apr-15 Apr-19
Slide 8: Summarecon Serpong
Property Development : Summarecon Serpong (in Greater Jakarta) O D Oo OME ONGO PRO o od pe Date Date ota old Ba Total Sold Bal aus 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 (564) 135 236 (190) 46 2,962
Slide 9: Summarecon Bekasi
Property Development : Summarecon Bekasi (in Greater Jakarta) O ) O OME ONGO PRO ° _ 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 (372) 8 778 (762) 16 488 98% SpringLake View [E] Apartment Agu-15 Agu-19 384 (308) 76 856 (685) 171 449
Slide 10: Summarecon Bandung and Makassar
Property Development : Summarecon Bandung (in West Java) Sipe | Goats 7a 1st Launch | Completion Novot ns ou elec Rp'bn Rp'bn Rp'bn Rp'mn Emily House Nov-19 Mei-22 598 (565) 33 141 (132) 9 4,238 95% Flora House Sep-20 Mar-23 724 (639) 85 405 (357) 48) 1,789 88% Xandari * Landplot Nov-21 Nov-24 203 (
Slide 11: Summarecon Bogor
Property Development : Summarecon Bogor (in Greater Jakarta) Project | Product Name Product 1st Launch | Completion No. of Units % sold Type Total Sold (Value) Rp'bn Rp'bn Rp'bn Rp'mn Mahogany House Okt-20 Apr-23 563 (563) 0 321 (321) t) 1,754 100% Mahogany Island Landplot Okt-20 Apr-23 120 (120) 0
Slide 12: Investment Property, Hospitality, Leisure & Education
Es summarecon Wonderful Life - Wonderful World aN 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 re
Slide 13: Investment Property: Shopping Malls
INVESTMENT PROPERTY : Shopping Malls SHOPPING MALL | Average Rent | Service Charge No. of Visitor Traffi Occupancy RETAIL CENTER m2 / Month m2 / Month Tenants Pax / Year Summarecon Mall Kelapa Gading 150,000 m? 112,000 m2? 91% Rp 330,000 _—Rp 112,000 50% ~600+ FY-2021* FY-2020 * Summarecon Mall Serp
Slide 14: Leisure, Education & Others
¢ 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 mo
Slide 15: Financials: Consolidated
FINANCIALS : Consolidated CONSOLIDATED FINANCIAL YEAR ENDE! ist 2 Yrs INCOME STATEMENTS Varionce REVENUE 5,641 5,661 5,942 5,030 5,568 11% 3,790 4,212 11% GROSS PROFIT 2,803 2,953 3,047 2,502 2,801 12% 1,893 2,301 22% OVERHEADS (1,127) (1,103) _ (1,180) (950) (980) (701) (839) - Selling Expense (339
Slide 16: EBITDA and EBIT by Business Segment
Financials : EBITDA Business Segment FINANCIAL YEAR ENDED: Last 2 Yrs EBITDA 1,676 1,850 1,867 1,552 1,822 17% 1,191 1,462 23% Property Development (PDV) 861 931 885 1,267 1,446 14% 981 845 -14% Investment Property (IVP) 743 785 865 341 410 20% 248 626 152% Leisure & Hospitality (L&H) 17 87 78 (12)
Slide 17: Income Statement: Property Development Business
Financials : Income Statement Property Development Business INCOME BY BUSINESS SEGMENT PROPERTY DEVELOPMENT FINANCIAL YEAR ENDED: Last 2 Yrs Variance PERIOD ENDED: | vanane | REVENUE 3,603 3,436 _3,617__—3,670 «4,148 = 13% 2,841 2,661 6% “abl Houses 810 1,823 2,228 «1,991 2,723 37% 1,958 1,312 -33%
Slide 18: Property Development Business by Location
Financials : Property Development Business (By Location) PROPERTY DEVELOPMENT. FINANCIAL YEAR ENDED: Last 2 Yrs PERIOD ENDED: GEOGRAPHIC LOCATION Dec/2017 | Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 | Variance ‘Sep/2021 | Sep/2022 | variance REVENUES 3,603 3,436 3,617 3,670 4,148 13% 2,841 2,661 -6%
Slide 19: Income Statement: Investment Property Business
Financials : Income Statement Investment Property Business INCOME BY BUSINESS SEGMENT FINANCIAL YEAR ENDED: st 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% 600 1,051 Mall & Retail properties 1,330 1,414 1,521 817 835 2% 540 980 Office properties 27 31
Slide 20: Income Statement: Leisure & Hospitality Business
Financials : Income Statement Leisure & Hospitality Business FINANCIAL YEAR ENDED: Dec/2017 | Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 INCOME BY BUSINESS SEGMENT st 2 Yrs PERIOD ENDED: Variance Variance LEISURE & HOSPITALITY Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn Rp'bn REVENUE 354 422 423 153 183 20%
Slide 21: Balance Sheet Summary
Financials : Balance Sheet Summary SUMMARY CONSOLIDATED BALANCE SHEETS FINANCIAL YEAR ENDED: Dec/2017 | Dec/2018 | Dec/2019 | Dec/2020 | Dec/2021 Variance Last 2 Yrs | _PERIODENDED: _| Jun/2021 Jun/2022 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 6
Slide 22: Non-land Capital Investments
Non-land Capital Investments NON-LAND Indicative CAPITAL INVESTMENTS LAE inetd neers) Rp'bn Rp'bn 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 be the first
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 @M 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 pandem
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) § w HEA [Dy Wstane-t Las tana (sandr) oxitm [Bl unne ‘Laas tara (tana) Tain sees Pagar Transparent [sto ut Se eta Wo. 9.85 “mah Hook (© Katng k sta seated WSC Set oe feng por mash perp, econ ‘ite ‘om Marketing Brochure (sample) Concept : > Gated community with
Slide 28: Marketing Brochure (sample)
¢ Marketing Brochure (sample) TYPE - F 7x11im 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) Bar ree t - j Type -E A TvPE-E Paket Pengembangan Some | eee 1 om an ah tt tana [sem | tne 1 bea san
Slide 29: End of Presentation
End of Presentation 57
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