Pt Lippo Karawaci Tbk · IDX:LPKR
Pt Lippo Karawaci Tbk — Q1 2025 Earnings Presentation
39 slides from Pt Lippo Karawaci Tbk's earnings presentation, May 7, 2025
Slide 1: 1Q25 Corporate Presentation
PT Lippo Karawaci Tbk 1Q25 Corporate Presentation 7 May 2025
Slide 2: Forward looking statements
Forward looking statements Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertai
Slide 3: Our Values
Our Values Mission Values AGILITY 1 To win the hearts and minds of our customers through quality homes, ▪ Thrive in dynamic environments and anticipate change. healthcare and lifestyle offerings, as ▪ Innovate and capitalize on new opportunities. well as people-centric services. Vision CUSTOMER FOCU
Slide 4: Our Company
Our Company Leader in Fully Integrated Estate Operations – Scale, Widespread presence in 56 cities and 26 provinces Integration and Financial Discipline: across Indonesia Total Revenue: IDR 2.06tn in 1Q25 Revenue breakdown: 84% Real Estate, 16% Total Assets: IDR 51 tn in 1Q25 Total Equity: IDR 31 tn
Slide 5: 1Q25 Business Performance Highlights
1Q25 Business Performance Highlights Real Estate and Lifestyle segments deliver positive performance in 1Q25. Real Estate Lifestyle Healthcare ▪ 1Q25 Marketing Sales reached IDR ▪ Lifestyle revenue rose 13% YoY to IDR ▪ SILO has yet to publish its 1Q25 financial 1.26tn, achieving 20% of the FY25 tar
Slide 6: LPKR delivered 31% revenue growth on a like-for-like basis
LPKR delivered 31% revenue on a like-for-like basis, driven by Real Estate segment Revenue EBITDA (in IDR bn) (in IDR bn) +39% 0% 0% +31% -7% +1% +5% -5% 4,563 1,143 489 1 2,064 1,574 (1) 395 1 3 375 (2,989) (748) (25) 1Q24 SILO 1Q24 Real Estate Lifestyle Holdco 1Q25 1Q24 SILO 1Q24 Real Estate Lifes
Slide 7: NPAT reached IDR 169bn in 1Q25 compared to loss in 1Q24
NPAT reached IDR 169bn in 1Q25 compared to loss of IDR 179bn in 1Q24, with 74% reduction in interest expense Consolidated Profit and Loss1 EBITDA by Segment (in IDR bn) Var (YoY) In IDR bn 1Q25 1Q24 Real Estate IDR % Revenue 2,064 4,563 (2,499) -55% EBITDA2 375 1,143 (768) -67% 18% 28% EBITDA margin
Slide 8: Healthy liquidity position supported by lower financing costs
Healthy liquidity position supported by lower financing costs and debt repayment in 1Q25 Cashflow Movement (1Q25) Remarks (in IDR bn) Operating Cash Flow Interest expense payments declined significantly in 1Q25, supported by 5,328 the successful execution of bond buybacks and loan repayments carried
Slide 9: 100% IDR-denominated debt composition
LPKR achieves 100% IDR-denominated debt composition with a scheduled amortizing loan facility, ensuring continued progress in deleveraging efforts Debt Breakdown Debt Maturity Profile (in IDR bn) IDR debt (bank loans) 0% 722 604 USD debt (bonds) 529 IDR debt (bank loans) 360 100% 2025 2026 2027 2028
Slide 10: Segment 1: Real Estate Overview
SEGMENT 1: REAL ESTATE OVERVIEW
Slide 11: Real Estate Business Highlights
Real Estate Business Highlights Property Marketing sales List of launches in Financial Key takeaways and development performance 1Q25 performance going forward projects sold in 1Q25 Landed residential: ▪ LPKR achieved Lippo Karawaci: ▪ Real Estate 1Q25 We continue to drive 18 projects 1Q25 marketing
Slide 12: 1Q25 Marketing Sales at IDR 1.26tn, 20% of FY25 target
1Q25 Marketing Sales at IDR 1.26tn, reaching 20% of FY25 marketing sales target driven by sales of Park Serpong, Lippo Cikarang Cosmopolis and Tanjung Bunga Makassar Historical Marketing Sales (in IDR bn) Land Bank ▪ ~1,000 hectares of land bank in Jakarta, Greater Jakarta and Makassar translate to
Slide 13: 1Q25 Marketing Sales Highlights
1Q25 Marketing Sales Highlights 1Q25 Marketing Sales Breakdown in Lippo Karawaci 1Q25 Marketing Sales Breakdown in Lippo Cikarang Marketing sales in Lippo Karawaci area were mainly driven by landed housing, Marketing sales in Lippo Cikarang were mainly driven by landed housing, accounting for 88% of
Slide 14: 1Q25 Project Handover Highlights
1Q25 Project Handover Highlights Real Estate’s 1Q25 revenue increased by +39% YoY to IDR1.74tn, driven by timely handover of landed housing and shophouses, as well as the accelerated deliveries of Cendana Essence in Lippo Village, Waterfront Estates in Cikarang, and the most recent project deliverie
Slide 15: 1Q25 Product Innovation
1Q25 Product Innovation Blackslate Homes Blackstar Homes Typical size and Starting Price: Typical size and Starting Price: ▪ Type Standard (112m2 land / 125.5m2 building) price at IDR 1,8bn ▪ Type Standard (115.2m2 land / 131.7m2 building) price at IDR 1,9bn Cendana Suites Cendana Grand Suites Typic
Slide 16: 1Q25 Product Launched
1Q25 Product Launched Park Serpong Phase 4 – Fantastic Four Tanjung Bunga – Blackslate Series Launch Date : 15 March 2025 Launch Date : 15 March 2025 Take-up rate : 96% Take-up rate : 88% 16
Slide 17: Segment 3: Lifestyle Overview
SEGMENT 3: LIFESTYLE OVERVIEW
Slide 18: Lippo Mall Indonesia: Largest mall developer and operator in Indonesia
Lippo Mall Indonesia: The largest mall developer and operator in Indonesia About LMI Leading Player in the Number of Malls Operated ▪ Lippo Mall Indonesia is the largest mall developer and operator in 59 Indonesia with 59 managed malls nationwide across 39 cities in 60 Indonesia. The company has the
Slide 19: Malls deliver growth in revenue, EBITDA, and footfall
Malls deliver growth in revenue, EBITDA, and footfall with occupancy reached 82.2%, outperforming industry average of 77.7% Malls Revenue1 Malls EBITDA1 (in IDR bn) (in IDR bn) 27% 27% +30% +32% 184 50 141 38 1Q24 1Q25 1Q24 1Q25 Consistent YoY Growth of Malls Visitors2 Growing Malls Occupancy Rate2
Slide 20: Alun Alun Nusantara at Lippo Mall Nusantara
Alun Alun Nusantara: celebrating Indonesia’s heritage under one roof at Lippo Mall Nusantara Alun-Alun Nusantara spans an impressive 14,000 square meters and boasts a seating capacity of a thousand, making it the first and largest indoor Indonesian-themed food court in the heart of the business dist
Slide 21: Entertainment in Malls: shifting to experiential retail
Entertainment in Malls: shifting to experiential retail Data-Driven Leasing Lippo Malls leverages consumer insights to prioritize experience-focused tenants that align with evolving spending habits and offer value beyond e-commerce. Enhanced F&B Mix Introduced diverse dining concepts: trendy cafes,
Slide 22: Hotels: Premium hotel sector under the Aryaduta brand
Hotels: A prominent player in the premium hotel sector under the Aryaduta brand About Aryaduta Strategically Located in Top Cities ▪ Aryaduta Hotels is a Jakarta Bali Bandung heritage luxury hotel chain located strategically in 9 top cities across Indonesia. ▪ Known as "Iconically Indonesian, Global
Slide 23: Hotel business revenue IDR 103bn and EBITDA IDR 31bn
Hotel business recorded revenue at IDR 103bn and EBITDA IDR 31bn respectively Hotels Revenue¹ Hotels EBITDA¹ (in IDR bn) (in IDR bn) 37% 30% -3% -21% 106 103 39 31 1Q24 1Q25 1Q24 1Q25 Hotels Occupancy Average Room Rates (in IDR) -7% +8% 58% 54% 596,016 640,801 1Q24 1Q25 1Q24 1Q25 EBITDA margin ¹ Rev
Slide 24: Sustainability
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Slide 25: Sustainability Strategy
Sustainability Strategy ESG Approach ESG Priorities ▪ Integrate sustainability in business strategy, Environment Social Governance operations, and governance structure, in line with global best practices Accessible and Decarbonization Climate risks and affordable homes and roadmap and GHG opportunit
Slide 26: ESG Reporting
ESG Reporting Reporting Standards and Commitments ISSB Disclosures GRI Standards TCFD Framework SASB Disclosures OJK Requirements UN Global UN SDGs WEF Stakeholder Compact Capitalism ISSB Transition 2022 SR 2023 SR 2024 SR ▪ Early adoption of TCFD Framework ▪ Quantification of climate risks starting
Slide 27: 2030 Sustainability Agenda
2030 Sustainability Agenda ENHANCING QUALITY OF LIFE CARING FOR OUR ENVIRONMENT INVESTING IN OUR PEOPLE CHAMPIONING BEST PRACTICES AFFORDABLE HOUSING OPERATIONAL EMISSIONS OCCUPATIONAL HEALTH & SAFETY BUSINESS ETHICS 2030 TARGET 2024 PERFORMANCE 2030 TARGET 2024 PERFORMANCE 2030 TARGET 2024 PERFORMA
Slide 28: 2024 Performance Highlights
2024 Performance Highlights Enhancing Quality of Life Caring For Our Environment Investing In Our People Championing Best Practices 3 Green Buildings 3,062 Launched Group-wide ESG Data >265 million Customers Served EDGE Certification for Lippo Mall Puri, Employees Management System Sun Plaza, & Lipp
Slide 29: 2024 Community Engagement
2024 Community Engagement HIGHLIGHTS 1,049 Activities 122,842 Beneficiaries IDR 40B+ 43 Cities under PASTI Total CSR spending PASTI activity footprint supported by PASTI 263 Training & Educational Programs 61 Environmental Campaigns 20,000+ beneficiaries in vocational 19,000+ participants in tree pl
Slide 30: Looking Ahead
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Slide 31: Looking Ahead
Looking Ahead Real Estate Lifestyle Healthcare ▪ We offer distinctive products including ▪ Mall performance continued to strengthen, ▪ SILO’s focus on advancing complexity and Cendana Suites, XYZ, Q Livin, Blackslate with average monthly footfall reaching 11 clinical excellence in CONGO UN Homes, an
Slide 32: Appendices
PT TTTTTTTLLLLLLA APPENDICES
Slide 33: Consolidated Statutory Statement of Profit and Loss
Consolidated Statutory Statement of Profit and Loss P&L Highlights (in IDR bn) 1Q25 1Q24 YoY Changes Total Revenues 2,064 4,563 -55% COGS (1,253) (2,646) 53% Gross Profit 811 1,917 -58% Operating Expenses (549) (1,082) 49% Operating Profit 263 835 -69% Other Income & Expenses - Net 172 (314) 155% Fi
Slide 34: Consolidated Statutory Statement of Balance Sheet
Consolidated Statutory Statement of Balance Sheet Balance Sheet Highlights (in IDR bn) 1Q25 FY24 1Q25 FY24 ASSETS LIABILITIES & EQUITY CURRENT ASSETS CURRENT LIABILITIES Cash & Cash Equivalents 2,770 5,328 Trade accounts payable 586 655 Trade Accounts Receivable 527 517 Accured Expenses 1,500 1,533
Slide 35: Consolidated Statutory Statement of Cash Flow
Consolidated Statutory Statement of Cash Flow Cash Flow Highlights (in IDR bn) 1Q25 1Q24 YoY Changes Cash at beginning 5,328 2,650 101% Cash from operating activitites: (627) 1,031 -161% Business operations (544) 1,467 -137% Net Interest Expense (93) (316) 71% Received (Placement) for restricted fun
Slide 36: Cash Breakdown
Cash Breakdown Cash Breakdown – March 2025 Cash Breakdown – Dec 2024 84 79 219 (3%) 675 (1%) (8%) (13%) 2,467 4,574 (89%) (86%) Consolidated cash: IDR 2,769bn Consolidated cash: IDR 5,328bn Holdco (incld. Subs) GMTD Holdco (incld. Subs) GMTD LPCK LPCK 36
Slide 37: Thank You
PT TTTTTTTLLLLLLA THANK YOU
Slide 38: Notes
@2LIPPO Notes 38
Slide 39: Investor Relations
INVESTOR RELATIONS PT LIPPO KARAWACI TBK Head of Investor Relations Dr. Randi Bayu Prathama Email: [email protected] Mobile: +62811225873 Deputy Head of Investor Relations Indra Agina Sinuraya Email: [email protected] Mobile: +6281310008957 39