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Corporate PresentationDecember 2015
PT Intiland Development Tbk
Intiland. Developing Your World.
South Quarter, South Jakarta
2
Disclaimer
We caution readers that all statements other than statements of historical fact included in this document, including withoutlimitation, those regarding our financial position, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to our existing and future products), are forward-lookingstatements.
Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause ouractual results, performance or achievements or industry results, to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding our present and future business strategiesand the environment in which we expect to operate in the future.
We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statementscontained herein to reflect any change in our expectations with regards hereto or any change in events, conditions orcircumstances on which any such statements is based.
This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only.This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/orpurchase any shares in any proposed venture.
3
Contents
Corporate Overview 4
Corporate Structure 5
Management Team 6
Core Portfolio 7
Projects Location 8 - 10
Landbank 11
Growth Strategy 12
Why Intiland 13
Marketing Sales 14 - 16
Key Projects 17 - 23
Pipeline Projects 24 - 28
Other Projects 29 - 36
Recurring Income Projects 37 - 44
Financial Highlights 45 - 48
Appendix 49 - 50Regatta, North Jakarta
4
Corporate Overview
• Established in 1983 and listed on IDX in 1991 (DILD:IJ)
• More than 40 years experience in developing over 40 projects in Jakarta and Surabaya
• The main products are superblock, high-rise and low rise residential, industrial estate and investment properties
• A pioneer and trend setter in developing successful premium projects
PT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focuson developing superblock and high rise residential premium projects located in Jakarta and Surabaya tocater the middle to middle up segments.
A brief about the company
First reclaimed housing development in South East Asia
First green building in Indonesia designed by Paul Rudolph
First golf-themed luxurious residential development in Surabaya
First luxury sea-front condominium in Jakarta
Pantai MutiaraIntiland Tower
JakartaRegattaGraha FamiliSouth Quarter
Integrated mixed-use development in South Jakarta CBD
5
Corporate Structure
Truss Investment Partners22.24%
Strands Investments Ltd
19.89%
Public <5%57.87%3)
PT Taman Harapan Indah
100%
PT Intiland Grande100%
PT Intiland Esperto100%
PT Intiland Infinita30%
Others
Developing over 40 existing and future projects covering superblock, high-rise and low-rise residential, industrial estate and investment properties
Total Issued Shares : 10,365,854,185 sharesMarket Capitalization as of 31 Dec 20151) : Rp 5.1 tn (~USD 367 mn) @Rp 489Book Value as of 31 Dec 20151) : Rp 4.8 tn (~USD 346 mn) @Rp 460RNAV as of 31 Dec 20151)2) : Rp 16.8 tn (~USD 1,219 mn) @Rp 1,622
1) The company uses an IDR/USD conversion rate of 13,795 which was the Jakarta Interbank Spot Dollar Rate (JISDOR) benchmark on 31 December 20152) The company appraised its major assets on 30 Sep 2014. The appraisal was done by KJPP Hendra Gunawan & Rekan (in association with Colliers International) 3) The percentage includes treasury stocks totaling 98,755,000 shares representing 0.95% of total issued shares
6
Management Team
Cosmas BatubaraPresident Commissioner
Lennard Ho Kian GuanVP Commissioner
Thio Gwan Po MickyIndependent Commissioner
Walman SiahaanCommissioner
Jahja AsikinCommissioner
Ping HandayaniCommissioner
Hendro S. GondokusumoPresident Director & CEO
Suhendro PrabowoVP Director & COO Jakarta 1
Sinarto DharmawanVP Director & COO Surabaya
Irene P. RahardjoIndependent Director
Ricky HolilExecutive Director & CFO
Archied Noto PradonoExecutive Director
Utama GondokusumoExecutive Director &
COO Jakarta 2
B O A R D O F C O M M I S S I O N E R S
B O A R D O F D I R E C T O R S
The Board of Commissioners and the Board of Directors have been with the company for more than 25 years in average andhave extensive market-oriented knowledge and experience in the Indonesian property industry.
7
Core Portfolio
Mixed-Use &High Rise
• Ngoro Industrial Park
• Intiland Tower Jakarta
• South Quarter
• Kebon Melati ●
• Others
• 1 Park Avenue ●
• Regatta Phase 2 ●
• South Quarter
• Aeropolis ●
• Kebon Melati ●
• H-Island ●
• West One City ●
InvestmentProperties
• Serenia Hills
• Talaga Bestari
• Magnolia Residence
Houses &Land
The Company develops various products classified into superblock, high-rise and low rise residential, industrial estate andinvestment properties. Some of the existing and future projects are as follows:
● Pipeline projects ● Under construction
Industrial Estates
Development Income Recurring Income
JAK
AR
TA
&
GR
EA
TE
R A
RE
AS
UR
AB
AY
A &
G
RE
AT
ER
AR
EA • Spazio Tower ●
• Praxis ●
• Darmo Harapan Phase
1 ●
• Sumatra 36
• Graha Golf Phase 1
• The Rosebay ●
• Graha Famili
• Graha Natura
• Intiland Tower Surabaya
• Ngoro Industrial Park
• Praxis ●
• Spazio Tower ●
• Others
8
Projects Location
Diversified projects located in strategic location focusing on developing superblock and residential in Jakarta and Surabaya.
●●●Tangerang:
Talaga BestariMagnolia Residence
● Ngoro Industrial Park,Mojokerto
Mixed-use & high rise●●● Industrial estates
Surabaya:Graha FamiliGraha Natura
Jakarta:South Quarter
Intiland Tower Jakarta1 Park Avenue
Regatta Phase 2Kebon Melati*
H-Island*West One City*
Surabaya:Spazio TowerPraxisSpazioIntiland Tower SurabayaNational HospitalSumatra 36Graha GolfThe Rosebay*Darmo Harapan*
Jakarta:Serenia Hills
* Pipeline projects
PAPUA
SULAWESI
KALIMANTAN
SUMATRA
●
●●
●
●
●
Houses & land
JAVA●●
Tangerang:Aeropolis
●
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Projects Location in Jakarta
Legend
Existing Toll Road
Planned Toll Road
Planned MRT
Existing Railway
Intiland ProjectsSource : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates
10km radius from SemanggiInterchange, CBD
5km radius from SemanggiInterchange, CBD• Kebon Melati• Intiland Tower (Inv. Property)• 1 Park Avenue
• South Quarter• Serenia Hills• West One City
Other projects within Jakarta and its Greater Area
• Regatta Phase 2• Aeropolis• Talaga Bestari• Magnolia Residence• Maja
H-Island
Regatta Phase 2
Aeropolis
5 km
West One City
Serpong
To Talaga Bestari ( )To Magnolia Residence ( )
To Cikarang
Semanggi
TB Simatupang
To Bogor
Tanjung PriokPortInternational
Airport
Intiland’s projects in Jakarta are well located within the developed areas of the city and are positioned to benefit from infrastructure developments within the city. Recent infrastructure developments benefiting some of Intiland’s key projects in Jakarta are the completion of JORR 1 toll road in 2014 and the ongoing construction progress of the Jakarta MRT
Kebon Melati
Intiland Tower Jakarta
South Quarter
Serenia Hills
1 Park Avenue
JORR 1 Toll Road
JORR 2 Toll Road
10
Projects Location in Surabaya
8km radius from Jl. PanglimaSudirman, CBD Surabaya
4km radius from Jl. PanglimaSudirman, CBD Surabaya
• Intiland Tower (Inv. Property)• Praxis• Sumatra 36
• Spazio Tower• Graha Famili• Graha Golf• The Rosebay• Graha Natura• Darmo Harapan• Spazio (Inv. Property)• National Hospital (Inv. Property)
Other projects within Surabaya and its Greater Area• Ngoro Industrial Park
2 km
Intiland has a strong footing in Surabaya mainly from the development of its Graha Famili project, now regarded as a high-end residential complex in Surabaya. Intiland’s footprint extends into various project developments in Surabaya today, which are located strategically in Central Surabaya and West Surabaya.
Source : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates
PraxisGraha NaturaSpazio
Intiland Tower Surabaya Sumatra 36
Spazio Tower
Graha FamiliNational Hospital
To Ngoro ( )International Airport
To Gresik,Lamongan
To Madura
Lingkar TimurToll Road
Aloha-PerakToll Road
Legend
Existing Toll Road
Planned Toll Road
Existing Railway
Intiland Projects
Graha Golf
DarmoHarapan
The Rosebay
11
Landbank
Total company landbank as of 31 December 2015 is more than 2,000 ha. The vast landbank owned translates to more than20 years of future project developments, enough to sustain Intiland’s going concern as a property developer.
Undeveloped LandbankLand area
(ha)
Jakarta 1,648.8
Maja, Banten 1,083.1
Tangerang, Banten 395.4
Others - Jakarta area 94.4
Talaga Bestari, Cikupa 64.8
Serenia Hills 4.5
Gandaria, Jakarta 4.0
Pondok Pinang 2.6
Surabaya 378.2
Others - Surabaya area 148.2
Pantai Timur, Surabaya 90.1
Lontar 58.1
Bukit Pencu, Surabaya 33.0
Bukit Sampe, Trawas 31.8
Graha Famili, Surabaya 10.3
Jajar Tunggal 5.8
Wiyung 1.0
Total Undeveloped Landbank 2,027.0
81%
19%
% of Total ha
Jakarta area Surabaya area
12
Growth Strategy
Organic Growth
Acquisition Growth
Strategic Partnership
Capital & Investment Management
• Focus on developing existing projects mainly in Jakarta and Surabaya
• Maximize the value of existing asset portfolio e.g. superblock & high-rise
• Continue the acquisition of land surrounding existing projects
• Strategic acquisition to support Intiland’s vision and mission
• Focus on Intiland’s core business e.g. South Quarter
• Increase the long term stakeholders’ value through prudent acquisition
• Strengthen Intiland’s position through strategic partnership
• Successful track record in developing joint projects with many partners
• Support a strong balance sheet for project execution
• Manage cash flow to sustain the growth and profitability
• Prudent financing to manage the risks
• Expand global network to support financing strategy
MISSIONTo be reputed as a transparent, trustworthy and trendsetting property developer committed to highly sustainable and long-term growth and profitability that deals fairly with all stakeholders
VISIONTo make possible the experience of not only living, but living well throughout Indonesia
13
Why Intiland?
Diversified projects
Big landbank
Proven experience
& track record
Growth of recurring income
Strong balance
sheet
Net Asset Value
More than 2,000 ha of landbank to ensure the
sustainable growth of the company
Experienced management in executing successful
pioneer projects
Increasing recurring income to strengthen cash flow
High upside potential on investment return with RNAV per share of Rp1,622*
Strategic location supported by good concept,
facilities & infrastructure
* Latest RNAV based on 31 December 2015. Assets were valued by KJPP Hendra Gunawan & Rekan (in association with Colliers International) on 30 September 2014
Manageable net gearing supported by strategic equity partners in some of our projects
Marketing Sales
15
Marketing Sales – FY15 Achievement
121 135 166 178 254 300
1,050
1,515
2,370 2,360
1,619
2,2591,171
1,650
2,536 2,538
1,873
2,559
2011 2012 2013 2014 2015 2016 Target
Marketing Salesin billion Rupiah
Recurring Development
ProjectTargetFY15
(IDR bn(
AchievementFY15
(IDR bn)
Mixed use and high rise 2,004 897
Graha Golf 600 603
1 Park Avenue 380 151
Darmo Harapan 350 0
Aeropolis 238 60
Kebon Melati 171 0
South Quarter 146 23
Spazio Tower 59 16
Praxis 20 8
Regatta (50%) 20 37
Sumatra 36 20 0
The Rosebay 0 0
Houses and land 664 530
Serenia Hills 230 202
Graha Natura 151 94
Graha Famili 114 99
Talaga Bestari 113 68
Taman Semanan Indah 35 9
Magnolia Residence 21 36
1 Park Homes 0 22
Industrial Estates 187 192
Ngoro Industrial Park 187 192
Investment Properties 163 254
Recurring Income 163 254
Marketing Sales Target 3,018 1,874
Development Income 2,855 1,619
Recurring Income 163 254
Marketing Sales by Location
Jakarta 1,354 608
Surabaya 1,501 1,011
Recurring Income 163 254
16
Marketing Sales – FY16 Target – Rp 2.56tn
Marketing salesProjectlocation
TargetFY16
(IDR bn)
Mixed use and high rise 1,544
Kebon Melati Jakarta 310
The Rosebay Surabaya 263
Darmo Harapan Surabaya 227
1 Park Avenue Jakarta 213
Aeropolis Jakarta 160
South Quarter Jakarta 97
Praxis Surabaya 86
Regatta (50%) Jakarta 74
Spazio Tower Surabaya 63
Graha Golf Surabaya 52
Houses and land 515
Serenia Hills Jakarta 200
Graha Natura Surabaya 100
1 Park Homes Jakarta 100
Talaga Bestari Jakarta 75
Magnolia Residence Jakarta 40
Graha Famili Surabaya 0
Taman Semanan Indah Jakarta 0
Industrial Estates 200
Ngoro Industrial Park Surabaya 200
Investment Properties 300
Recurring Income 300
Marketing Sales Target 2,559
Development Income 2,259
Recurring Income 300
Location 2,559
Jakarta 1,269
Surabaya 990
Recurring Income 300
60%20%
8%12%
FY16 Targetby segment
Mixed use & high rise Houses and land
Industrial estates Investment properties
49%
39%
12%
FY16 Targetby location
Jakarta Surabaya Recurring Income
Key Projects
18
Type : Superblock
Ownership : 100%
Total area : 7.2 ha (Phase 1 - 4.4 ha, Phase 2 - 2.7 ha)
Location : TB Simatupang, South Jakarta
Infrastructure : Toll road, future MRT, shuttle bus
Design : WS Atkins
No. of floor : 20 floors, 4 basements
Phase 1 Information
Launched : 4Q 2012
Construction : 2Q 2012
Project completion : 99%
Completed : 2015
Phase 1 Tower A Tower B Tower C Retail
Total Area 40,291 sqm 40,581 sqm 40,188 sqm 9,355 sqm
Market For Sale Tower A Tower B Tower C Retail
Available 39,580 sqm - 6,172 sqm -
Sold 35,220 sqm - 6,172 sqm -
% Sold 89% - 100% -
2015 ASP/sqm Rp32mn - Rp33mn -
Market For Lease Tower A Tower B Tower C Retail
Available 711 sqm 40,581 sqm 34,016 sqm 9,355 sqm
Leased 0 30,977 sqm 765 sqm 5,706 sqm
% Leased 0% 76% 2% 61%
ARR/sqm/mo 0 Rp 220,000 Rp 220,000 Rp 222,000
(2015)
South Quarter is a 7.2 ha mixed-use and high-rise development which Phase 1 (4.4 ha) comprises three office towers andsupporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.
South Quarter Phase 1 - Superblock
Office Tower A (Strata)
Office Tower B (Lease)
Office Tower C (Lease)
Phase 2 – 2.7 ha(Future development)
Phase 1 - 4.4 ha
Retail
Phase 1
19
Type : High-rise residential and townhouse
Ownership : 100%
Total area : 2.8 ha
Location : Gandaria, Kebayoran Baru, South Jakarta
Infrastructure : Main road
Design : CSYA, Singapore
No. of floor : 29 floors
Phase 1 Information – High Rise Residential
Construction : 2Q 2013
Project completion : 63%
Expected completion : 3Q 2016
Condominium Tower 1, 2, 3
Salable area : 52,136 sqm
Sold : 45,491 sqm (87%)
2015 ASP : Rp 41.0 mn/sqm
Launched : 3Q 2012
Condominium The Hamilton (Tower 4)
Salable area : 18,116 sqm
Sold : 2,295 sqm (13%)
2015 ASP : Rp 48.6 mn/sqm
Launched : 2Q 2015
Phase 2 Information – 1 Park Homes
Net land area : 0.7 ha
Salable unit : 31 units
Sold unit : 1 unit (Land 281 sqm, Building 335 sqm)
Launched : 4Q 2015
1Park Avenue is a high-rise residential project, an extension of the 1Park Residences apartment, located in Gandaria, SouthJakarta, which is close to shopping destinations, hospitals, international schools and entertainment centers.
1Park Avenue - Residential
Phase 1 - 4.4 ha
Retail
Phase 1
Condominium
Retail
Phase 1Construction Progress
20
Type : High-rise residential and townhouse
Ownership : 100%
Total area : 2.4 ha
Location : Graha Famili, West Surabaya
Design : CSYA, Singapore
No. of floor : 20 floors
Phase 1 Information – 2 condominium towers
Total area : 7,200 m2
Expected construction : 2Q 2016
Expected completion : 2Q 2018
Condominium Tower 1
Market : Strata title
Semi gross area : 11,800 sqm
Sold : 11,800 sqm (100%)
ASP : Rp 29.3 mn/sqm
Launched : July 2015
Condominium Tower 2
Market : Strata title
Semi gross area : 11,800 sqm
Sold : 8,157 sqm (69%)
ASP : Rp 31.5 mn/sqm
Launched : September 2015
Note: Phase 2 TBD – 3 condominium towers & townhouse
Designed by CSYA, a Singapore-based architect with international caliber, Graha Golf stands in a green area surrounded by agolf course, located within the Graha Famili residential complex in Surabaya.
Graha Golf - Residential
Tower 1
Tower 2
Tower 3 Tower
4
Tower 5
Clubhouse
Townhouse
21
Type : High-rise residential
Ownership : 50% (50% PT Global Ekabuana)
Total area : 11 ha (Phase 1 - 2.5 ha, Phase 2 - 1.7 ha)
Location : Pantai Mutiara, North Jakarta
Infrastructure : Main road
Design : Tom Wright (WS Atkins, UK)
No. of floor : 24 floors
Project Information
Condominium Phase 1 (4 towers) Phase 2 (3 towers)
Tower Name : Dubai, Miami, Monte London, New York,
Carlo, Rio Shanghai
Launched : 2Q 2006 London & NY : 2Q 2014
Project completion : 100% Foundation works
Expected completion : 4Q 2009 & 2012 2017
Semi gross area : 390 units London & NY : 51,660 sqm
Market : Strata title Strata title
Sold : 380 units (97%) 25,214 m2 (49%)
2015 ASP : Rp 24.9 mn/sqm Rp 28.0 mn/sqm
Others
• Phase 2: London tower was launched in June 2014, while New York tower was pre-launched in June 2014.
• FIABCI Prix d’Excellence, Bali Congress Award 2010.
Regatta is an iconic apartment project at Pantai Mutiara, North Jakarta, consists of ten apartment towers, a five-star hotel,and a serviced apartment.
Regatta - Residential
Phase 1 - 4.4 ha
Retail
Phase 1
Condominium
Retail
Master plan
Phase 2Construction Progress
22
Aeropolis is an integrated mixed use development consisting of residential, office, hotel, commercial and retail developmentin an area of 105-hectars. This project sits on a strategic location, only 500 meters from the international airport.
Aeropolis - Superblock
Phase 1
Projects LaunchedYear
LaunchedYear
CompletedTotal(Unit)
Total(Sqm)
Sold(Sqm)
ASP2015
(Rp mn/m2)
Construction(%)
Aeropolis Residence 1 & Commercial Park 2011 2014 1,299 25,126 22,155 8.8 100%
Aeropolis Residence 2 (Tower A, B) 2012 2016 1,048 20,248 16,476 9.7 93%
Aeropolis Residence 3 (Tower A, C, D) 2014 2016 1,446 24,107 19,854 11.7Tower A: 92%Tower C: 79%Tower D: 62%
Aeropolis Crystal Residence (Tower 1, 2, 3) 2013 E 2016 646 21,151 12,818 16.5Tower 1: 83%Tower 3: 24%
Aeropolis Boutique Hotel (A1, A2) 2014 E 2017 108 3,044 3,044 18.1 -
Aeropolis Techno Park Phase 1 2014 E 2016 39 Land: 15,120 Land: 4,716Land: 8.8
Building: 4.0-
Aeropolis Techno Park Phase 2 2015 E 2017 33Land: 3,780
Building: 3,600Land: 1,344
Building: 1,008Land: 9.4
Building: 4.0-
Aeropolis Onyx Residence (Amethyst, Beryl) 2015 E 2018 592 12,904 1,615 12.3 -
Total 5,211 125,480 82,022
23
Ngoro Industrial Park - Industrial Estate
Ngoro Industrial Park is a modern industrial estates complete with infrastructure and facilities for industrial factories.
Type : Industrial Estate
Total development plan : 500 ha
Location : Ngoro, Mojokerto, East Java
Infrastructure : Natural gas, power substation, waste water treatment, telecommunication
Access : Toll road, main road, 45 km from Surabaya,
50 km from Tanjung Perak Seaport, 50 km from Juanda International Airport
Project Information
Launched : 1991 (1st phase) & 2010 (2nd phase)
Industrial Estate
Sold : 265 ha (net)
Remaining inventory : approx. 40 ha (net)
2015 ASP : Rp 1.73 mn/sqm
Tenancy
Unicharm, Mitsui, Hitachi, HB Fuller, Yakult, Roman Ceramic, Mulia Ceramic, Woodworth Wooden, Cort Indonesia, etc.
Facility & Services
Export Processing Zone, Standard Factory Building, Warehouse, Commercial Area, Clinic, Bank & ATM, Office Space, Guest House, Outdoor Sport, Police Station, Internal Security, Fire Brigade.
Pipeline Projects
25
Kebon Melati is a 3.2 ha mixed-use and high-rise development located in the Jakarta CBD area comprising of a moderncommercial sector along with outdoor elements such as pedestrian walkways and retail outlets.
Kebon Melati - Superblock
Phase 1 - 4.4 ha
Water Reservoir
Type : Superblock
Ownership : 55%
Total area : 3.2 ha (Phase 1 - 1.3 ha, Phase 2 - 1.9 ha)
Location : Kebon Melati, CBD Jakarta
Infrastructure : Future MRT, busway
Design : Broadway Malyan, UK
Building plot ratio : 5
Phase 1 Information – Condominium and retail
Expected Launch Date : 2H 2016
Condominium (2 towers)
Semi gross area : 50,184 sqm (475 units)
Market : Strata title
Average selling price : E Rp 40-45 mn/sqm
Retail
Semi gross area : 8,938 sqm
Market : Lease
Average rental rate : E Rp 462,000/sqm/month
Phase 2 Information – Office, serviced apartments, and retail
Office tower : SGA 34,491 sqm
Boutique office : SGA 14,018 sqm
Serviced Apartment : SGA 9,726 sqm
Retail : NLA 11,141 sqm
Retail
Office Tower
Boutique Office
Serviced Apartment
Phase 2
Phase 1
Condominium
Retail
Future Project
Project Location
Grand Indonesia
Thamrin City
26
Type : Superblock
Ownership : 100%
Total area : 6.3 ha
Location : Plaza Segi Delapan, West Surabaya
Infrastructure : Main road
Phase 1 Information – 2 condominium towers
Total land area : 10,760 sqm
Expected construction : 3Q 2016
Expected completion : 4Q 2018
Condominium Tower 1
Market : Strata title
Estimated semi gross area : 24,650 sqm
Estimated launch date : 1H 2016
Condominium Tower 2
Market : Strata title
Estimated semi gross area : 15,822 sqm
Estimated launch date : 1H 2016
Podium / SOHO and Commercial Area
Market : Strata / Lease
Estimated semi gross area : 4,462 sqm
Darmo Harapan is located in the Plaza Segi Delapan area in West Surabaya, with a total of 6.3 ha of landbank to bedeveloped into a superblock mixed-use development project targeting the middle segment.
Darmo Harapan - Superblock
Graha Natura
Spazio
Spazio Tower
Graha Famili
Graha Golf
DarmoHarapan
Site Location
West Surabaya Map
27
A 21 ha future superblock project located in West Jakarta comprised of residential, retail and commercial properties withfacilities such as educational institutions, sports clubs and parking spaces.
West One City - Superblock
Phase 1
Type : Superblock
Ownership : 40%
Total area : 21 ha
Location : Daan Mogot, West Jakarta
Infrastructure : Train, busway, JORR toll road
Building plot ratio : 4 - 5
Project Information
High-rise residential
Strata title office
Market : Middle class
Others
• Completed the construction of front entrance, roads, infrastructure andmarketing office.
Phase 2
Pulau H
Marketing Office
Future Project
28
A 63 ha future reclamation project located in Pulau H, close to Pantai Mutiara, North Jakarta. It is part of the 17 islandsreclamation projects initiated by the Jakarta local government.
H-Island Reclamation Project - Superblock
Phase 1 - 4.4 ha
Type : Superblock
Total area : 63 ha
Location : Pulau H, Pantai Mutiara, North Jakarta
Infrastructure : Future bridge
Masterplan : Woods Bagot
Engineering consultant : Witteveen+Bos
Project Information
Mixed-use
High-rise and low rise residential
Commercial
Others
• Obtained Izin Pelaksanaan Reklamasi (reclamation license) in 4Q 2015
Retail
Phase 1
Condominium
Retail
Regatta Pulau H
Future Project
Future Bridge
NCICD Masterplan
A
B
CD E F G H
IJ
K
L
M NOPQ
Other Projects
30
Serenia Hills is a premium estate that stretches over 24 hectares in Lebak Bulus, South Jakarta. In 2013, Serenia Hills receivedan award at Housing Estate Green Property Award as Favorite Residential 2013.
Titan
Ultimate
VentureBarat
Cluster C(Future Dev.)
Masterplan Phase 2Total area 14 ha
Serenia Hills - Residential
Phase 1 Phase 2
Type Residential Residential
Land Area 10 ha 14 ha
Development Plan Regent 173 unitsSignature 51 units
Total 224 units
Titan 59 unitsUltimate 38 unitsVenture Barat 81 unitsVenture Timur 63 unitsTotal 241 units
Launched 2011 & 2012 2013 & 2014
Sold Regent 172 units (99%)Signature 39 units (76%)
Total 211 units (94%)
Titan 58 units (98%)Ultimate 38 units (100%)Venture Barat 61 units (75%)Venture Timur 28 units (44%)Total 185 units (77%)
2015 Land ASP Rp 17.0 mn/sqm Rp 13.6 mn/sqm
2015 Building ASP Rp 8.5 mn/sqm Rp 7.0 mn/sqm
Phase 1
Future Low Rise1 ha, 102 units. 6 Fl
SGA 13,679 sqm
VentureTimur
31
Type : Superblock
Ownership : 100%
Total area : 1.1 ha
Location : CBD Surabaya
Infrastructure : Main road
GFA : 102,498 sqm
No. of Floors : Office 5 floors, Apartment 28 floors, Hotel 18 floors,
F&B 1 floor, 3 basement floors
Phase 1 Information
Launched : 2Q 2013
Construction : 1Q 2014
Project completion : 23%
Expected completion : 2017
Condominium Office
Semi gross area : 19,634 sqm (289 units) 21,568 sqm (185 units)
Market : Strata title Strata title 17,428 sqm
Lease 4,140 sqm
Sold : 11,223 sqm (57%) 3,939 sqm (23%)
2015 ASP : Rp 26.4 mn/sqm Rp 35.1 mn/sqm
Hotel Retail
Semi gross area : 14,326 sqm 8,609 sqm
Unit : 266 rooms
Praxis is part of the development of Intiland Tower Surabaya. Located in the Surabaya CBD, the project occupies 1.1 hectaresof land comprising such facilities as office, apartment, retail, hotel and cinema.
Praxis - Superblock
HotelCondominium
Office & Retail
Construction Progress
32
Spazio Tower is a multi-function office tower located in Graha Festival, West Surabaya which development consists of office,hotel and retail. This project is the extension of Spazio, which has the same concept.
Spazio Tower - Superblock
Retail
Office
HotelType : Superblock
Ownership : 100%
Total area : 0.5 ha
Location : Graha Festival, West Surabaya
Infrastructure : Main road
No. of floors : 11 floors office, 7 floors hotel+ function, 2 floors retail, 5 floors basement
Project Information
Launched : 1Q 2014
Construction : 4Q 2014
Project completion : Piling works
Expected completion : 3Q 2017
Office
Semi gross area : 24,111 sqm (232 units)
Market : Strata title
Sold : 75 units (32%)
2015 ASP : Rp 32.6 mn/sqm
Retail Hotel + Function
Semi gross area : 5,032 sqm 10,281 sqm (102 rooms)
Market : Lease Lease
MultifunctionHotel Facility
33
Graha Natura is residential project in Lontar, West Surabaya, sprawling over 86-hectare land. Graha Natura is a uniquehousing estate with a focus on healthy lifestyle, nature and eco-friendly technology.
Graha Natura - Residential
Project Facts
Cluster A Cluster B Cluster C Cluster D Garden Ville Soho Garden Ville 2
Land Area 5.9 ha 5.4 ha 5.5 ha 8.4 ha 0.6 ha 0.4 ha 0.5 ha
Launched 2010 2010 2010 2010 2014 2014 2015
Development 96 units 85 units 96 units 93 units 31 units 24 units 24 units
Sold 90% 99% 90% 90% 100% 90% 17%
2015 ASP(Rp/sqm)
Land: 12.5Building: 7.0
34
Magnolia Residence is a 14.7 ha development of a new housing estate in Jatake, Tangerang. Intiland commenced thedevelopment of infrastructure, marketing office, and show units in 2014.
Magnolia Residence - Residential
Project Information
Market : Middle
Sold units : 47 units
2015 avg. land price : Rp 4.1 mn/sqm
2015 avg. building price : Rp 4.5 mn/sqm
Launched : 2Q 2015
Type : Low-rise residential
Ownership : 52.5%
Total area : 14.7 ha
Location : Jatake, Tangerang
Infrastructure : Main road, toll road
Masterplan of Magnolia Residence
35
Talaga Bestari - Residential
Talaga Bestari is a residential project occupying 308 hectare land space in Cikupa, Tangerang, Banten. Designed as “TheFamily Learning City”.
Project Facts Harmony The Hills Floura The Forest Phase 1 Taman Palem Jungle Walk Plaza D’Captiva
Development
Harmony - 214 houses
Harmony 2 -111 houses
207 houses 212 houses 173 houses
424 houses(Palem Hijau, Palem Kuning, Palem Merah)
136 shophouses320 kiosks
117 shophouses
Sold 96% 100% 79% 37% 11% 20% 93%
2015 Land ASP Rp 4.1 mn/sqm
Remarks Key catalyst – Lion City, a 30 ha of land purchased by Lion Air for training center, warehouses, dormitories
Jungle Walk The Hills
36
Sumatra 36 - Residential
Type : Residential
Total area : 0.2 ha
Location : CBD Surabaya
Infrastructure : Main road
Design : CSYA, Singapore
No. of Floors : 12 floors
Phase 1 Information
Launched : 4Q 2012
Construction : 2013
Project completion : 100%
Completed : 2015
Apartment
Semi gross area : 9,020 sqm
Market : Strata title
Sold : 3,660 sqm (41%)
ASP : Rp 25.6 mn/sqm
Sumatra 36 is a luxury downtown apartment on Sumatra Street, one of the prime addresses in Surabaya. It occupies a 2,359-square-meter land and consists of 12 floors, encompassing 63 exclusive units.
Master plan
Recurring Income Projects
38
Type : Superblock
Ownership : 100%
Total area : 4.4 ha
Location : TB Simatupang, South Jakarta
Infrastructure : Toll road, future MRT, shuttle bus
Design : WS Atkins
No. of floor : 20 floors, 4 basements
Phase 1 Information
Construction : 2Q 2012
Project completion : 99%
Completion : 2015
Office Towers (Tower B and C)
Leasable Area : 75,308 sqm
Leased : 42%
Avg Rental Rate : Rp 220,000/sqm/month
Retail
Leasable Area : 9,355 sqm
Leased : 61%
Avg Rental Rate : Rp 222,000/sqm/month
South Quarter is a 7.2 ha mixed-use and high-rise development which Phase 1 (4.4 ha) comprises three office towers andsupporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.
South Quarter Phase 1 - Investment Property
Office Tower A (Strata)
Office Tower B (Lease)
Office Tower C (Lease)
Phase 2 – 2.7 ha(Future development)
Phase 1 - 4.4 ha
Retail
Phase 1
39
Intiland Tower Jakarta is the company’s flagship office building located in the Jakarta CBD area. It was designed by PaulRudolph, renowned American architect who developed the “green” concept, which reflects the tropical-themed Indonesianarchitecture. The building model was exhibited at the Museum of Modern Arts in New York.
Intiland Tower Jakarta - Investment Property
Type : Investment Property
Ownership : 100%
Total area : 0.8 ha
Location : CBD Jakarta
Infrastructure : Main road
Design : Paul Rudolph
Floor : 24 floors, 1 basement
Project Information
Construction : 1984
Project completion : 100%
Completion : 1986
Office Tower
Net Leaseable Area : 30,785 sqm
Leased : 98%
2015 avg. gross rent : Rp 183,000/sqm/month
Intiland Tower Jakarta
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Intiland Tower Surabaya - Investment Property
Type : Investment Property
Ownership : 100%
Total area : 0.5 ha
Location : CBD Surabaya
Infrastructure : Main road
Design : Paul Rudolph
No. of floor : 12 floors, 2 basements
Project Information
Construction : 1995
Project completion : 100%
Completion : 1997
Office Tower
Net Leaseable area : 16,850 sqm
Leased : 85%
2015 avg. gross rent : Rp 158,000/sqm/month
Intiland Tower Surabaya, another masterpiece by Paul Rudolph, is an office tower located in the heart of CBD Surabaya thatbecomes the leading IT building in the city. Its unique design of fronting terraces on every level allows natural free flow of airand lighting.
Intiland Tower Surabaya
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Spazio is an office space in Graha Festival, West Surabaya consisting of strata title office units, with the first and second floorfunctioning as the food & beverage and lifestyle commercial spaces. Designed as a business community center, Spaziosuccessfully introduces the concept of 24 hour open office in Surabaya.
Spazio - Investment Property
Type : Investment Property
Ownership : 75%
Total area : 0.8 ha
Location : Graha Festival, West Surabaya
Infrastructure : Main road
Project Information
Launched : 4Q 2010
Construction : 2011
Project completion : 100%
Completion : 2012
Retail
Leaseable area : 4,375 sqm
Leased : 52%
2015 gross rental rate : Rp 178,000/sqm/mo
Development Income
Office Tower
Total area (SGA) : 15,220 sqm
Market : Strata title
Sold : 15,151 sqm (99%)
Spazio
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National Hospital Surabaya is located within Graha Famili, West Surabaya. It is the first hospital in Indonesia equipped withadvanced technology of MRI 3 Tesla Wide Bore, CT Scan 128 slices. Developed by PT Surabaya Jasa Medika, a joint venturebetween PT Grande Family View (subsidiary) and a strategic partner.
National Hospital - Investment Property
Type : Investment Property
Ownership : 37.5%
Total area : 0.85 ha
Location : Graha Famili, West Surabaya
Building area : 32,000 sqm
Infrastructure : Main road
No. of floor : 10 floors (including 2 basements)
5 floors Annex building
Project Information
Construction : 1 October 2010
Project completion : 100%
Grand opening : 12 December 2012
Development
Bed capacity : 205 beds and 123 wards
GP and Specialists : 98 person
Nurses : 151 person
Center of Excellence : Neurosurgeon
On April 11, 2015, Indonesian Museum of Records (MURI) awarded National Hospital as the first hospital in Indonesia to perform Parkinson surgery, tremor procedure, and Deep Brain Stimulation installation.
On the same day, MURI also awarded Dr. Achmad Fahmi, a neurosurgeon specialist at National Hospital, as a pioneer in Deep Brain Stimulation application and in the development of stereotactic brain lesion for Parkinson and movement
disorder in Indonesia.
43
The Company, through its subsidiary PT Intiwhiz International, has embarked on hospitality business by opening medium-class hotels suited to value-conscious, frequent travelers. Under the brand Whiz (two star-plus), Whiz Prime Hotel (three-star) and Grand Whiz (four-star) Hotels, the hotel chain now spreads in several big cities such as Jakarta, Semarang, Bali andYogyakarta.
Intiwhiz Hotel Chain - Investment Property (30%)
Whiz Hotel Yogyakarta
Whiz Hotel Semarang
Grand Whiz Nusa Dua, Bali
Grand Whiz Kelapa Gading
Whiz Hotel Cikini
Whiz Prime Kelapa Gading
Whiz Prime Cifest Cikarang
Hotels
Whiz Hotel
Yogyakarta
Central Java
Whiz Hotel
SemarangCentral
Java
Grand Whiz
Nusa Dua Bali
Grand Whiz
KelapaGading Jakarta
Whiz HotelCikini
Jakarta
Grand Trawas Hotel
East Java
Whiz Prime Cifest
Cikarang West Java
Whiz Prime Kelapa Gading Jakarta
Swift InnAeropolis
Whiz Prime
Balikpapan
WhizPrime Bogor
Whiz PrimeDarmo
Harapan
Whiz Prime
Manado
Type Own Own Operator Operator Own Own Operator Operator Own Own Own Operator Own
Opening Date
10 Oct 2010
11 Nov 2011
29 Jul 2013
12 Dec 2012
28 Jan 2014
Jan 2014 Jul 2014 Jul 20145 Feb 2015
12 Feb 2015
1 Nov 2015
9 Nov 2015
11 Nov 2015
No. ofRooms
100 148 130 322 133 68 122 180 141 166 149 90 152
Pipeline Project 2016
Whiz Prime Lampung, Whiz Prime Hasanudin Makasar, Whiz Prime
Kusumanegara Yogyakarta, Whiz Cilacap, Whiz Tugu Malioboro, Grand
Whiz Poin Square, Whiz Prime Pekanbaru
2015 Performance Operated Hotels Own Hotels Combined
Room night sold 143,792 148,588 292,380
ARR (IDR) 448,132 303,852 374,309
44
Projects Leaseable Area
Kebon Melati I (55% owned) Retail (NLA 8,938 sqm)
Spazio Tower Hotel 102 rooms + function (SGA 10,281 sqm)Retail (SGA 5,032 sqm)
Praxis Office (SGA 4,140 sqm)Hotel 266 rooms (SGA 14,326 sqm)Retail (NLA 8,609 sqm)
Kebon Melati II (55% owned) Office (SGA 48,509 sqm)Retail (NLA 11,141 sqm)Serviced apartment (SGA 9,726 sqm)
Future Additional Recurring Income Stream (2017 and beyond)
2011 2012 2013 2014 2015
129 180 176 211 227
811 1,082
1,334 1,617
1,974
939
1,262 1,510
1,828
2,201
Revenue BreakdownIn billion Rupiah
Recurring Income Development Income Total Revenue
Financial Highlights
46
Financial Performance
2010 2011 2012 2013 2014 2015
355
140181
324
431401
Net Incomein billion Rupiah
2010 2011 2012 2013 2014 2015
843939
1,262
1,510
1,828
2,201
Revenuein billion Rupiah
2010 2011 2012 2013 2014 2015
211
271
372
516
665639
EBITDAin billion Rupiah
2010 2011 2012 2013 2014 2015
1,109 1,172
1,650
2,535 2,538
1,874
Marketing Salesin billion Rupiah
47
Segments Contribution
Gross Profit Margin% of Revenue
Revenuein IDR bn
2015 2014
1,081
701
192 227
2,201
932
317 368
211
1,828
Mixed use& high rise
Houses andland
IndustrialEstate
InvestmentProperties
TOTAL
36%
55%
81%
49% 47%49%52%
79%
40%
54%
Mixed use& high rise
Houses andland
IndustrialEstate
InvestmentProperties
Overall
48
Financial Highlights
in Rp billion2015
Audited2014-RAudited
YoY Growth in Rp billion2015
Audited2014-RAudited
2013Audited
2012Audited
Revenue 2,201 1,828 20% Revenue 2,201 1,828 1,510 1,262
Gross Profit 1,043 993 5% Gross Profit 1,043 993 706 496
EBITDA 639 665 -4% EBITDA 639 665 516 372
Net Income 401 431 -7% Net Income 401 431 324 181
EPS 39 42 -7% EPS 39 42 31 17
in Rp billion2015
Audited2014-RAudited
Growth in Rp billion2015
Audited2014-RAudited
2013Audited
2012Audited
Total Assets 10,289 9,008 14% Total Assets 10,289 9,008 7,526 6,092
Total Liabilities 5,518 4,539 22% Total Liabilities 5,518 4,539 3,430 2,141
Total Equity 4,771 4,469 7% Total Equity 4,771 4,469 4,096 3,951
Sales Advance 1,343 1,760 -24% Sales Advance 1,343 1,760 1,295 458
Cash & Cash Equivalents 405 552 -27% Cash & Cash Equivalents 405 552 526 222
Total Debt 3,200 2,127 50% Total Debt 3,200 2,127 1,507 1,014
Net Debt/Equity 59% 35% Net Debt/Equity 59% 35% 24% 20%
Gross Profit Margin 47% 54% Gross Profit Margin 47% 54% 47% 39%
EBITDA Margin 29% 36% EBITDA Margin 29% 36% 34% 29%
Net Income Margin 18% 24% Net Income Margin 18% 24% 21% 14%
ROA 5% 6% ROA 4% 5% 4% 3%
ROE 11% 13% ROE 8% 10% 8% 5%
Dividend TBC 103 82 52
Dividend per Share TBC 10 8 5
Dividend Payout Ratio TBC 24% 26% 29%
-R : Restated due to changes in accounting standards effective starting 2015
Appendix
50
Awards & Achievements
2014
AeropolisThe Best Mixed-use Development
ProjectProperty & Bank Awards 2014
IntilandTop 10 Developers 2014BCI ASIA Awards 2014
IntilandSilver Champion – Property
DeveloperIndonesia WOW Brand Awards
2014
2013
Best Design for Apartment-Apartment Regatta
Indonesia Design Best Design Awards 2013
Highly Commended - Best Condo Development (Indonesia)
Apartment Regatta – JakartaSouth East Asia Property Award 2013
Highly Commended - Best Developer (Indonesia)
PT Intiland Development TbkSouth East Asia Property Award 2013
Graha Natura – Surabaya Housing Estate Green Property Awards 2013
Favourite Residential 2013Serenia Hills- Jakarta Housing Estate
Green Property Awards 2013
Top 10 Developers (Indonesia)BCI Asia Top 10 Awards 2013
IntilandPerusahaan Baik
Indonesia Social Responsibility Awards 2014
Intiland Tower SurabayaGreen Building Awareness Awards
2014Surabaya City Government
IntilandTop 50 Best Performing Indonesia Companies
The 4th Forbes Indonesia Best of the Best Awards
Graha NaturaBest Project Development in East
JavaIndocement Awards 2014
SpazioThe Preferred Office Building
Properti Indonesia Awards 2014
IntilandHighly Commended – Best
Developer (Indonesia)South East Asia Property Awards
2014
AeropolisFavorite Low Rise Residential
Housing Estate Favorite KPR & Residential Awards 2014Intiland
Top 10 Developers 2015BCI ASIA Awards 2015
2015
Pantai MutiaraThe First and The Best
Residential Reclamation Project in Indonesia
Property and Bank Awards 2015
IntilandThe developer building
apartments within the biggest development complex in
TangerangBTN Property Awards 2015
IntilandTop 100 Best Public Companies
in IndonesiaSWA 100 Wealth Added Creator
Index
National HospitalThe First Hospital in Indonesia
performing Parkinson’s surgery, tremor and installation of Deep Brain Stimulation (DBS)
Museum Rekor Indonesia (MURI)
Contact Us
Nathan Tanugraha : [email protected] Indrawan : [email protected]
Investor RelationsPT Intiland Development TbkIntiland Tower, PenthouseJl. Jend. Sudirman 32Jakarta 10220 Indonesia
Tel : +62 21 5701912Fax: +62 21 5700015www.intiland.com