PT Lippo Karawaci Tbk · IDX:LPKR
PT Lippo Karawaci Tbk — H1 2025 Earnings Presentation
38 slides from PT Lippo Karawaci Tbk's earnings presentation, Aug 21, 2025
Slide 1: PT Lippo Karawaci Tbk 1H25 Corporate Presentation
PT Lippo Karawaci Tbk 1H25 Corporate Presentation 21 August 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 4.1tn in 1H25 Revenue breakdown: 84% Real Estate, 16% Total Assets: IDR 54.7tn in 1H25 Lifestyle business (as
Slide 5: 1H25 Business Performance Highlights
1H25 Business Performance Highlights Real Estate and Lifestyle segments supported topline growth in 1H25; Healthcare performance resilient amid seasonal factors Real Estate Lifestyle Healthcare ▪ 1H25 Marketing Sales reached IDR ▪ Lifestyle revenue stable at IDR 659bn, ▪ Siloam’s resilient performan
Slide 6: LPKR delivered 35% revenue growth on a like-for-like basis
LPKR delivered 35% revenue on a like-for-like basis, driven by +51% increase Real Estate segment Revenue EBITDA (in IDR bn) (in IDR bn) +51% -12% 0% +35% -13% -13% +8% -13% 1,938 8,002 1,161 2 4,117 3,039 (85) 722 10 627 (1,216) (4,963) (76) (29) 1H24 SILO 1H24 Real Estate Lifestyle Holdco 1H25 1H24
Slide 7: Underlying NPAT grew 35% YoY to IDR 208bn in 1H25
Underlying NPAT grew 35% YoY to IDR 208bn in 1H25, supported by lower financing costs and improved associate contributions Consolidated Profit and Loss1 EBITDA by Segment (in IDR bn) Var (YoY) In IDR bn 1H25 1H24 Real Estate IDR % Revenue 4,117 8.002 (3,885) -49% EBITDA2 627 1,938 (1,311) -68% 15% 2
Slide 8: Liquidity remained strong supported by lower financing costs
Liquidity remained strong supported by lower financing costs and debt repayment in 1H25 Cashflow Movement (1H25) Remarks (in IDR bn) Operating Cash Flow Net interest expense dropped 6,501 3 significantly in 1H25 to IDR 174bn, compared to IDR 645bn in the same 5,328 2,158 period last year, reflecting
Slide 9: Balance sheet strengthened with 100% IDR-denominated debt
Balance sheet strengthened with 100% IDR-denominated debt and improved maturity profile Debt Breakdown Debt Maturity Profile as of 4 July 2025 IDR debt (bank loans) (in IDR bn) 0% 2,857 USD debt (bonds) 429 336 367 IDR debt (bank loans) 152 100% 2025 2026 2027 2028 2029-2032 Historical Net Debt Rati
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 1H25 performance going forward projects sold in 1H25 Landed residential: ▪ LPKR achieved Lippo Karawaci: ▪ Real Estate 1H25 We continue to innovate 19 projects 1H25 market
Slide 12: 1H25 Marketing Sales reached IDR 2.47tn or 40% of FY25 target
1H25 Marketing Sales reached IDR 2.47tn or 40% of FY25 target, driven by contributions from Park Serpong, Karawaci, Cikarang and Makassar Historical Marketing Sales (in IDR bn) Land Bank ▪ ~1,000 hectares of land bank in Jakarta, Greater Jakarta and Makassar translate to roughly IDR 155tn in gross 6
Slide 13: 1H25 Marketing Sales Highlights
1H25 Marketing Sales Highlights 1H25 Marketing Sales Breakdown in Lippo Karawaci 1H25 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 and accounting for 77%
Slide 14: 1H25 Project Handover Highlights
1H25 Project Handover Highlights Real Estate’s 1H25 revenue increased by +51% YoY to IDR3.46tn, driven by timely handover of landed house, apartment units and shophouses, as well as the accelerated deliveries of Cendana Essence in Lippo Village, Waterfront Estates in Cikarang, and the most recent pr
Slide 15: Recent Product Innovation – Premium Homes
Recent Product Innovation – Premium Homes Belmont Homes @Lippo Village Bentley Homes @Lippo Village Typical size and Starting Price: Typical size and Starting Price: ▪ Type 8 (160m 2 land / 190.3 m2 building) price at IDR 4.2bn ▪ Type Standard (115.2m2 land / 131.7m2 building) price at IDR 2.6bn The
Slide 16: Recent Product Innovation – Affordable Homes
Recent Product Innovation – Affordable Homes Treetop Livin @Park Serpong Gold Livin @Park Serpong Typical size and Starting Price: Typical size and Starting Price: ▪ Type 3.3B (41.3m2 land / 75.9m2 building) price at IDR 629mn ▪ Type G (62.5m2 land / 70.2m2 building) price at IDR 774mn ▪ Type GT (62
Slide 17: Segment 2: Lifestyle Overview
SEGMENT 2: 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 84.1%, outperforming industry average of 77.1% Malls Revenue1 Malls EBITDA1 (in IDR bn) (in IDR bn) 24% 25% +9% +11% 336 365 90 81 1H24 1H25 1H24 1H25 Consistent YoY Growth of Malls Visitors2 Growing Malls Occupancy Rate2 (
Slide 20: LMI continues to enhance its tenant portfolio
Lippo Malls Indonesia (LMI) continues to enhance its tenant portfolio by expanding its retail offerings across the network. Dust - a rising fashion and lifestyle brand, launched two new Samsung - a global leader in consumer electronics, has outlets at Malang Town Square and Plaza Medan Fair, further
Slide 21: Opening of FJGS at Lippo Mall Nusantara
Opening of FJGS at Lippo Mall Nusantara In celebration of Jakarta’s 498th anniversary, the opening ceremony of the Festival Jakarta Great Sale (FJGS) 2025 was hosted at Lippo Mall Nusantara (EleMeN) This event marked the official commencement of the month-long, citywide shopping festival, which invo
Slide 22: Signature Event: Back to School
Signature Event: Back to School Back to School is one of Lippo Malls Indonesia’s five annual signature events, alongside Chinese New Year, Ramadhan, Independence Day, and Christmas. This program is implemented simultaneously across all LMI-managed malls to celebrate the school holiday season and sup
Slide 23: Hotels: Prominent player in premium hotels under 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 24: Hotel business recorded revenue at IDR 210bn and EBITDA IDR 65bn
Hotel business recorded revenue at IDR 210bn and EBITDA IDR 65bn respectively Hotels Revenue¹ Hotels EBITDA¹ (in IDR bn) (in IDR bn) 38% 31% -5% -22% 221 210 83 65 1H24 1H25 1H24 1H25 Hotels Occupancy Average Room Rates (in IDR) -10% +5% 63% 57% 636,631 603,959 1H24 1H25 1H24 1H25 EBITDA margin ¹ Re
Slide 25: Segment 3: Healthcare Overview
SEGMENT 3: HEALTHCARE OVERVIEW
Slide 26: Healthcare revenue modestly grew by 1.5% YoY
Healthcare revenue modestly grew by 1.5% YoY, despite mid-year holiday impact and absence of Dengue seasonality Revenue¹ (in IDR bn) Revenue1 EBITDA Quarterly Revenue Annual Revenue IDR4.73tn IDR1.31tn +13% 2,403 +1.3% in 1H25 8,663 9,455 2,392 in 1H25 7,637 7,393 2,379 5,758 2,341 2,349 2,319 27.8%
Slide 27: Overall throughput softer due to mid-year holidays
Overall throughput softer due to mid-year holidays which led to fewer productive days Quarterly Results YTD -1.5% 3.0 2.9 1,500,000 3.1 3.0 2.9 3.0 3.0 3.1 3.0 2.9 2.9 4 Outpatient Visits & 1,000,000 3 OPD to IPD 1,094,613 2 500,000 910,407 1,047,201 1,066,474 1,051,017 1,018,077 1,080,500 1,051,195
Slide 28: Revenue intensity growth driven by strategic improvement in case mix
Revenue intensity growth driven by strategic improvement in case mix Average Revenue per Occupied Beds Average Revenue per Occupied Beds (in IDR bn) (in IDR bn) Annually YoY Hospital A Hospital B 2.1 1.9 3.78 3.32 3.33 3.43 2.98 1.2 1.1 +8% 1.65 1.78 2020 2021 2022 2023 2024 1H24 1H25 2023 2024 Aver
Slide 29: Looking Ahead
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Slide 30: Looking Ahead
Looking Ahead Real Estate Lifestyle Healthcare ▪ We offer a distinctive range of products ▪ Mall performance continued to improve, ▪ Siloam is advancing its five-year Next Gen across the affordable and premium with average monthly footfall reaching 11 Siloam strategy with tailored approaches to segm
Slide 31: Appendices
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Slide 32: Consolidated Statutory Statement of Profit and Loss
Consolidated Statutory Statement of Profit and Loss P&L Highlights (in IDR bn) 1H25 1H24 YoY Changes Total Revenues 4,117 8,002 -49% COGS (2,627) (4,534) 42% Gross Profit 1,490 3,468 -57% Operating Expenses (1,089) (2,099) 48% Operating Profit 401 1,369 -71% Other Income & Expenses - Net 218 19,860
Slide 33: Consolidated Statutory Statement of Balance Sheet
Consolidated Statutory Statement of Balance Sheet Balance Sheet Highlights (in IDR bn) 1H25 FY24 1H25 FY24 ASSETS LIABILITIES & EQUITY CURRENT ASSETS CURRENT LIABILITIES Cash & Cash Equivalents 6,501 5,328 Trade accounts payable 531 655 Trade Accounts Receivable 548 517 Accured Expenses 1,482 1,533
Slide 34: Consolidated Statutory Statement of Cash Flow
Consolidated Statutory Statement of Cash Flow Cash Flow Highlights (in IDR bn) 1H25 1H24 YoY Changes Cash at beginning 5,328 2,650 101% Cash from operating activitites: (894) 1,688 -153% Business operations (602) 2,640 -123% Net Interest Expense (174) (645) 73% Placement for restricted funds (118) (
Slide 35: Cash Breakdown
Cash Breakdown Cash Breakdown – June 2025 Cash Breakdown – Dec 2024 129 79 526 (2%) (1%) 675 (8%) (13%) 5,845 4,574 (90%) (86%) Consolidated cash: IDR 6,501bn Consolidated cash: IDR 5,328bn Holdco (incld. Subs) GMTD Holdco (incld. Subs) GMTD LPCK LPCK 35
Slide 36: Thank You
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Slide 37: Notes
Notes 37
Slide 38: 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 38