Company Presentation 8.2017 Bringing Dreams to Life
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2 Table of Contents
Page
I. Megapolitan Developments at a Glance 4 II. Q2 Financial Updates 12 III. Project Updates 20 IV. NAV Guidance from Management 28 Appendix I : Key Investment Highlights 32 Appendix II : Portfolio Highlights 41 Appendix III : Others 53
3 I. Megapolitan Developments at a Glance The Premier Property Development Company Group Overview
PT Cosmopolitan Persada Lora Melani Lowas Barak Sudjono Barak Rimba Public Developments Rimba
66.78% 3.93% 3.93% 25.36%
99.66% 99.38% 99.00% 99.58% 99.95% 40%
PT Mega PT Graha Mentari PT Tirta Persada PT Megapolitan PT Mega Limo Estate Pasanggarahan PT Titan Property Persada Developments Mentari Persada (MLE) Indah (TP) (GMP) (TPD) (MMP) (MPI)
Bukit Cinere Megapolitan Sentul City Griya Cinere
5 Our Projects are Situated in Emerging Prime Districts of Greater Jakarta
*
Karawaci *
Kuningan
Cinere
10km Sentul
6 * Past Projects Our Longstanding Track Record since 1970s
Centro Cinere • Cinere Bellevue Mall • Cinere Bellevue Suites • Cinere One Residence • Cinere One Commercial Park Cinere Park View PT Megapolitan • Puri Cinere • Griya Cinere 2 Developments Vivo Sentul Corporation was • Mal Cinere • • Vivo Mall established as • Bukit Griya Cinere Mega Sentul • • Vivo Walk property agent • Graha Laguna The Habitat @Karawaci • Galleria Kiosk Mall • Bizpark @Vivo Sentul
1976-1979 1980-1986 1987-1997 1998-2004 2005-2008 2009-2011 2012-now
PT Megapolitan • Megapolitan Cinere Estate • Bellagio Residence Developments Tbk • Griya Cinere 1 & Mall (EMDE) listed its • Cinere Country • Bellagio Mansion shares on IDX • Tatya Asri • Cinere Riverside 7 General Corporate Information
Megapolitan Developments Tbk (EMDE.IJ) Incorporation Date : 10 September 1976 IPO Date : 12 January 2011 IPO Price : Rp 250 IPO Share : 850.00mm IPO Amount : Rp 212.5bn ______Share Capital @30 June 2017 : Total Shares In Issue : 3,350,000,000 @Rp 100 : Total Paid-Up : Rp 335bn ______Total Value Rupiah per shares Market Capitalization @ 31 July 2017 Rp 898bn Rp 268 Book Value Rp 704bn Rp 214 ______Shareholder Profile : Founders & Associates 74.64% Public 25.36%
8 II. Q2 Financial Updates The Recovery Momentum Has Started… Good Signals from the Revenue and Marketing Sales
Recovery in Marketing Sales (IDR bn)1 Stable Revenue Growth (IDR bn) 2011-2016 Q2 2016-7
577 325.3 330.4 5Y CAGR 27% 311.3
YoY CAGR 12% 387 363 225.1 310 322 Revenue 148.4 132.4 199 99.4 109.0 174
2012 2013 2014 2015 2016 2017F 2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017
The Company is experiencing recovery in marketing sales growth since 2015 with the Q2 2017 results In Q2 2017, the company achieved a double digit are still relatively on track2 with the management growth in revenue, driven by the apartment sales in budget (no revision), largely driven by residential in Cinere (↑ 647% YoY), commercial sales in Sentul Cinere (37% of revenue) and commercial space in (↑ 97% YoY) Sentul (19% of revenue). Rental revenue from shopping malls has been With the current development Cinere Terrace growing slightly above inflation (↑ 7% YoY) Suites, De Vonte, and Vivo Sentul, the marketing providing good cushion while EMDE sustains the sales are expected to grow steadily. market recovery 10 Notes: 12017 marketing sales are from management target 2In Q2 017, the realized marketing sales: IDR 174bn
Good Balance of Recurring and Development Income Revenue Breakdown
Q2 2017 Revenue Breakdown Recurring Income Non-recurring Income (in IDR bn) Landed House Commercial Cinere Parkview 26.7 43.1 18% Rental 29% 28.6 House 19% 49.9 Apartment 34% Cinere mall Apartment Expected Addition in 2018: Cinere Terrace Suites
Cinere Bellevue Mall
Cinere Terrace Mall and suites Commercial Hotel Kiosk Galleria Vivo Sentul 13%
Vivo Vivo Mall Walk Cinere Bellevue Suites 11 Portfolio Diversification Lead to a Stable Profitability Stable Gross Profit with Steady Net Income Growth
Stable Gross Profit (IDR bn) Steady Net Income Growth (IDR bn) 2011-2016 Q2 2016-7 2011Net-2016 Income Q2 2016-7 65.5 5Y CAGR 101% 61.3 5Y CAGR 27% 199.0 192.7 CAGR 6.9% 157.4 CAGR 4.9% 45.1
Gross Profit 115.3 34.0 26.5 27.9 84.6 88.8 58.9 63.6
2.0 4.2
2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017 2011 2012 2013 2014 2015 2016 Q2 2016 Q2 2017
In Q2 2017, Megapolitan gained more revenue Opex is under control with main increase in from apartment than previous period with 18% G&A expenses (↑ 13.0% YoY) mainly of sales are from apartment sale vs 2.7% in Q2 attributable to salary increases. 2016. While the FY 2016 gross profit was slightly The COGS of apartment are mostly driven by lower than the previous year, Megapolitan was construction cost since land was acquired still able to book a growing net income at Q2 before the property market boom (circa 2007), 2017 and achieved a 5Y CAGR of 101%. resulting in overall increase of 25% YoY in COGS. 12 Income Statement
Income Statement 30-Jun-16 30-Jun-17 ∆ YoY (%) Revenue 132,392,178,386 148,358,785,015 12% Commercial 19,529,075,455 43,142,696,608 121% Rental 46,612,332,886 49,888,255,914 7% Houses 62,672,868,954 28,590,852,857 -54% Apartment 3,577,901,091 26,736,979,636 647% COGS (47,770,944,349) (59,573,675,974) 25% Commercial (6,346,679,157) (14,569,211,061) 130% Rental (18,082,346,391) (20,229,158,520) 12% Houses (21,985,950,467) (9,145,454,080) -58% Apartment (1,355,968,334) (15,629,852,313) 1053% Gross Profit 84,621,234,037 88,785,109,041 5% Commercial 25,875,754,612 57,711,907,669 123% Rental 64,694,679,277 70,117,414,434 8% Houses 84,658,819,421 37,736,306,937 -55% Apartment 4,933,869,425 42,366,831,949 759% Selling Expenses (6,054,736,116) (7,987,324,787) 32% G&A (32,069,269,039) (36,223,805,626) 13% Net Interest Expense (15,746,100,093) (14,070,905,035) -11% Final Income Tax (6,936,189,401) (5,607,739,451) -19% Other Income (Expenses) (2,715,367,837) (2,991,537,554) 10% Net Income 26,530,307,225 27,886,871,696 5% 13 Growing with Prudent Capital Management High FCCR and Spread Debt to Maturity
Under ConstructionNew Development Assets Coming Live Total Asset (in IDR bn)
Hotel
CAGR 11.1% 1,596.0 1,363.6 1,179.0 1,196.0 Vivo Vivo 894.5 886.4 938.5 Cinere Terrace Mall and suites Mall Walk Increase in gearing since the company has several super-complex project under construction but the debt maturity profile is well spread out and with manageable maturity. The company also has a 3.3x 2011 2012 2013 2014 2015 2016 2017 Q2 FCCR in Q2 2017. Gearing Ratio Increases as Company Grows Its High Rise Projects
Net Debt to Equity Ratio (LHS); FCCR (RHS)1 Debt Maturity Profile (in IDR bn)
Net Debt/Equity FCCR 183.3 5.5x 122.2 4.0x 3.8x 3.0x 3.3x 82.0 82.6 88.7 1.9x 45.8 1.1x 27.0 12% 13% 5% 17% 18% 37% 64%
2011 2012 2013 2014 2015 2016 2017 Q2 2017 2018 2019 2020 2021 2022 202314 Notes: 1Fixed Charge Coverage Ratio calculated as EBITDA/Interest Expense
Balance Sheet Asset Breakdown
Balance Sheet 30-Jun-16 30-Jun-17 ∆ YoY (%) Current Asset 560,685,748,660 974,227,848,769 74% Cash and cash equivalent 69,588,192,153 176,773,377,449 154% Trade receivables 136,403,259,106 177,313,798,391 30% Inventory 315,886,811,447 588,513,906,093 86% Advance and prepaid expenses 37,276,055,490 19,719,033,296 -47% Other current Asset 1,531,430,464 11,907,733,540 678% Non Current Asset 635,166,048,388 621,794,012,975 -2% Receivables from related 71,338,582,585 73,882,513,180 4% parties Land for development 256,500,693,986 322,149,348,171 26% Investment property 196,827,854,244 185,043,021,814 -6% Net fixed asset 29,736,650,904 29,221,184,291 -2% Investment in associates 78,652,715,030 7,320,049,530 -91% Other non-current asset 2,109,551,639 11,497,945,519 445% Total Asset 1,195,851,797,048 1,596,021,861,744 33%
15 Balance Sheet Liabilities and Equity
Balance Sheet 30-Jun-16 30-Jun-17 ∆ YoY (%) Current Liabilities 326,515,929,824 363,610,733,362 11% Trade payables 73,644,958,393 76,073,757,976 3% Other Payables 17,173,645,324 20,857,307,389 21% Unearned revenue 143,898,216,355 96,017,477,256 -33% CPLTD1 32,367,987,823 129,474,454,843 300% Other current liabilities 59,431,121,929 41,187,735,898 -31% Non Current Liabilities 182,871,443,582 516,532,253,950 182% Long term debt after CPLTD1 171,145,644,332 503,040,759,458 194% Employee benefit liability 11,615,933,532 13,491,494,492 16% Total Liabilities 509,387,373,406 880,142,987,312 73%
Total Equity 686,464,423,642 715,878,874,432 4% Capital stock 335,000,000,000 335,000,000,000 0% Additional paid in capital 140,724,020,161 140,724,020,161 0% Retained earnings 191,434,326,340 251,930,353,727 32%
Notes : 1Current Portion of Long Term Debt 16 III. Project Updates Upside in Cinere Projects from Toll Roads Continuing the Dominant Presence in Cinere
Megapolitan Cinere Projects: The development of the two toll roads will give better access between Jakarta to Cinere area. This is expected to boost demand for Cinere property, and surely its market value.
Depok-Antasari toll road Centro Cinere, 6.45ha Megapolitan’s super complex in Cinere, (under construction, expected provides a one stop place for more than the 120 thousands completion on October) residences of Cinere. Centro Cinere consist of mall, apartment, commercial and landed house. The current Depok-Antasari Cijago toll road (under construction) and Cinere-Jagorawi toll road development would make the super block easily accessible to Jakarta own-town
Cinere Junction is the next superblock in Cinere. The existing projects are focused in landed house like Graha Cinere and Cinere Terrace Suites Cinere Parkview. On the 2.7ha land, across the planned toll Cinere Bellevue Suites road, Cinere Jagorawi, would be built the future CBD Cinere Junction. Cinere One Residence
Cinere Terrace Commercial
Cinere Terrace Mall Cinere One Commercial
CBD Cinere Junction Cinere Bellevue Mall 18 Cinere Parkview Landmark Cinere Terrace Suites Construction Progress Securing the Potential Upside in Cinere Future Projects at Cinere
De Vonte Apartment Tower A Gross Area 16,196 sqm De Vonte Apartment Total Unit 512 will be located in Jl. Launch Date 2017 Cinere Raya, just Construction Start 2018 across the Cinere Target Completion Date 2020 Mall. De Vonte will Tower B be built on 0.81ha of Gross Area 14,104 sqm land with total Total Unit 432 building area of Launch Date 2018 30,301sqm Construction Start 2018 Target Completion Date 2020 CINERE Tuscany Residence and Commercial Tuscany Residence Type Landed house Total Unit 18 Launch Date 2018 Construction Start 2018 Target Completion Date 2021 Tuscany Commercial Type Shop-house The landed house and shop-house projects will be Total Unit 12 located in Jl. Jati Raya Timur Blok B, Cinere with Launch Date 2018 total land area of 5,095sqm. Construction Start 2018 Target Completion Date 2021 21 Sentul, the Next Suburb of Greater Jakarta New Super Complex with Excellent Accessibility
Megapolitan Sentul Projects: The under-construction LRT station in Sentul Circuit will be near the Vivo Sentul and Megapolitan Sentul City Project. The Bogor-Outer-Ring toll road will also give greater access between Hotel Bogor and Sentul.
Vivo Walk
Vivo Mall
Near Vivo Sentul and Megapolitan Sentul City Projects
Vivo Sentul, located in Cimandala Sentul Bogor is located near the exit toll road Sirkuit Sentul and only 15 minutes travel time from Bogor. The 6.8ha super complex consists of mall, kiosk, and shop-houses and expected to attract property buyers both from Jakarta and Bogor. Vivo Sentul under construction 22 Vivo Sentul Construction Progress
23 Sentul as the “Next Cinere” for Megapolitan Future Projects at Sentul
Vivo Residence Vivo Residence Type Landed house Vivo Residence is a Land Area 35,000sqm landed house project Total Unit 110 near the Vivo Sentul Launch Date 2018 super complex. Construction Start 2019 Target Completion Date 2021
Sentul New Mahawana New Mahawana Type Landed house New Mahawana, a Land Area 10,000sqm landed house project, Total Unit 655 will be located in the Launch Date 2017 Tatya Asri Sentul Construction Start 2018 Complex. Target Completion Date 2023
24 IV. NAV Guidance from Management Undervalued Price Considering Current NAV Management Estimates on Company’s NAV
Acreage Estimate Amount Ha IDR thousand/sqm IDR bn Current Development Land Graha Cinere 1.8 2,250 40.9 Cinere Parkview 3.5 2,250 79.6 Centro Cinere & Riverside 17.9 6,000 1,075.8 Vivo Sentul Cimandala 6.6 5,000 331.2 Habitat at Karawaci Apartment Tangerang 1.9 5,500 103.1 Land Bank Graha Cinere 21.1 2,250 474.7 Tuscany 0.5 9,000 45.9 Limo Proyek Graha Cinere CBD 20.9 2,250 469.9 Limo Proyek Graha Cinere II 23.3 1,250 290.8 Puri Cinere & De Vonte 10.5 6,000 627.9 Cijujung (Project Tatya Asri & Pasirlaja) 32.1 1,000 320.8 Cimandala Bogor 10.0 5,000 500.5 Habitat at Karawaci Apartment Tangerang 0.9 5,500 50.1 Pasirlaja Sentul Bogor 197.1 1,000 1,970.6 Total Land 348.1 6,381.6 Investment Property CBM Mall 1.7 398.0 Cinere Mall 1.4 300.0 Development Project (net) 83.4 Total Assets 351.1 7,163.0 Less: JO/JV minority interest (1,182.4) Less Net Debt (as of Dec 31, 2016) (253.3) Acc. Receivables 146.2 Net Asset Value At share price of IDR 268, EMDE stock 5,873.5 NAV per share (IDR) is trading at 85% discount to NAV . 1,753
26 Undervalued Price Considering Current NAV Management Estimates on Company’s NAV
Megapolitan acquired land-bank in Sentul and Karawaci at a very low cost before the property boom (circa 2007 – 2010). The Company stands to reap huge upside potential when all these projects are fully developed.
Current Land Development (in IDR bn) Investment Property (in IDR bn)
Book Value 1,076 Book Value Est. Market Value Est. Market Value 398 300 331 184 80 103 4 41 13 61 7 15 6
Graha Cinere Cinere Parkview Centro Cinere & Vivo Sentul Habitat at Karawaci Cinere Bellevue Mall Cinere Mall Riverside Cimandala Apartment Tangerang
Land Bank (in IDR bn)
1,971 Book Value Est. Market Value
628 475 470 501 291 321 144 65 35 46 46 47 57 11 29 50 90
Graha Cinere Limo Proyek Limo Proyek Tuscany Puri Cinere & De Tatya Asri Sentul Cimandala Vivo Habitat Pasirlaja Sentul - CBD Cinere Griya Cinere II Vonte Sentul @Karawaci MSC27 Junction Tangerang Thank You
Contact Us: PT. Megapolitan Developments, Tbk The Bellagio Residence Jl. Mega Kuningan Barat Kav. E4 No. 03 Jakarta 12950 – Indonesia
Telp : +62 21 3001 9938 Fax : +62 21 3001 9939 Email : [email protected]
www.megapolitan-group.com
28 Appendix I : Key Investment Highlights
29 Key Investment Highlights
1. The Greater Jakarta Market’s Robust Growth Story
2. Ample Land Bank Inventory to Capture Future Growth
3. Diverse Project Portfolio Ensuring Earnings Stability
4. Professional Management Team with > 40 Years’ Experience
5. Holistic and Well Planned Business Strategy
30 Robust Potential of Greater Jakarta Markets 1. Modest Property Price Recovery Expected
From 2010 to 2015, Jakarta population’s growth is much slower than Bogor Regency and Tangerang City A. population growth. It goes along with the assumption that Jakarta residents are looking for housing on the outskirts of Jakarta.
Jakarta Regency Bogor Tangerang City
Growth 5.9% Growth 14.4% Growth 13.8% 0.54 10.18 5.46 0.48 9.61 4.77
2010 2015 2010 2015 2010 2015
Reductions in the benchmark interest rate to 4.75% (down from 7.5% in Q1 2016), increased in loan to Value B. (LTV) ratio, and loosening of mortgage regulations are likely to boost the middle and lower residential segments.
South Jakarta Apartment Asking Price (in IDR thousand/sqm)
38,000 Growth 3.4% between Q1 2016 – Q1 2017
37,000
36,000
35,000 Q1 2016 Q4 2016 Q1 2017
Source: BPS, Colliers Indonesia Research 31 Robust Potential of Greater Jakarta Markets 1. Upside in Jabodetabek Suburb from Infra Support
Government budget for infrastructure development has been rising sharply since President Jokowi entered C. office, reflected from the 225 infrastructure projects nationwide1. We see potential positive value impact in our Cinere and Sentul Projects especially the Superblock Cinere Junction from the development of Cinere- Jagorawi (Cijago) and Depok-Antasari toll road and our future development in Megapolitan Sentul City.
Megapolitan Sentul Projects: Megapolitan Cinere Projects: The proposed LRT station in Sentul Circuit will be near the The development of the toll roads will give better access Vivo Sentul and Megapolitan Sentul City Project and the between Jakarta to Cinere area. This is expected to boost Bogor-Outer-Ring toll road will give greater access between demand for Cinere property, hence its market value. Bogor and Sentul.
Depok-Antasari toll road (under construction, expected completion on October)
Near Vivo Sentul and Cijago toll road (under construction) Megapolitan Sentul City Projects
Source: The Jakarta Post, Infrastructure Development on Track: Jokowi, 3 May 2017. 32 Ample Land Bank Inventory for Future Growth 2. 348ha of Land Bank for Future Development
Land under Available Land Bank Total Land Bank Location Project Development (ha) (ha) (ha) Graha Cinere 1.8 65.2 67.1
Cinere Parkview 3.5 - 3.5 Cinere Centro Cinere & Cinere Riverside 17.9 - 17.9
Puri Cinere - 10.5 10.5
Vivo Sentul Cimandala 6.6 - 6.6
Pasirlaja Sentul Bogor - 197.1 197.1 Sentul Cimandala Bogor - 10.0 10.0
Tatya Asri & Pasirlaja - 32.1 32.1
Karawaci Habitat @Karawaci Apartemen Tangerang 1.9 0.9 2.8
Total 348.1
348ha of land bank are available for Megapolitan Development’s future sustainable growth
33 Diverse Project Portfolio Ensures Stability 3. Portfolio of Recurring and Development Income
Category Project Location Launch Date Type Status
Cinere Bellevue Mall Cinere 2012 Leased mall 80% leased Cinere Terrace Walk Cinere 2014 Leased mall 30% leased Recurring Mall Cinere Cinere 1993 Leased mall 95% leased Vivo Mall & Walk Sentul 2015 Leased mall 61% leased Cinere Bellevue Suites Cinere 2012 Strata title apartment 93% sold Cinere Bellevue Commercial Cinere 2012 Shop-houses 100% sold Cinere Bellevue Kiosk Cinere 2012 Kiosk 75% sold Cinere Terrace Commercial Cinere 2013 Shop-houses 85% sold Cinere Terrace Suites - The Cloud Cinere 2014 Strata title apartment 65% sold Cinere Terrace Suites - The Sky Cinere 2016 Strata title apartment 12% sold Cinere One Residence Cinere 2012 Landed house 92% sold De Vonte Commercial Cinere 2016 Shop-houses 20% sold Cinere Parkview Cinere 2013 Landed house 40% sold Graha Cinere - Phase IV Cinere 2010 Landed house 90% sold Non- Recurring Galeria Kiosk Sentul 2015 Kiosk 55% sold Bizpark Vivo Sentul Sentul 2015 Shop-houses 61% sold New Jantra Sentul 2017 Landed house Tatya Asri Commercial 3-4 Sentul 2016 Landed house 20% sold The Habitat Karawaci 2008 Strata title apartment 87% sold De Vonte Apartment Cinere Q4 2017 Strata title apartment Development Tuscany Residence Cinere 2018 Landed house Development Megapolitan Sentul City Sentul 2017 Landed house Development Vivo Residence Sentul 2018 Strata title apartment Development New Mahawana Sentul 2017 Landed house Development 34 Experienced & Professional Management Team 4. Board of Commissioners
Hongisisilia, SE Ak. Barbara Barak Rimba Experienced accountant and top 19 years of experiences as top management in multiple companies management in multiple companies Position : Independent Commissioner Position : Company Commissioner since 2012 since 2016
Sudjono Barak Rimba One of the founder of Megapolitan Developments Position : Company President Commissioner since 1997 Drs. H.Anton Bachrul Alam Jennifer Barak Rimba Position : Independent Commissioner 19 years of experiences in the Company since 2015 Position : Company Commissioner since 2011 Experienced & Professional Management Team 4. Board of Directors
Sentosa Budiman Ronald Wihardja 35 years of experience in developer 18 years of experience as top company management in multiple companies Position : Director since 2008 Position : Mananging Director since 2013
Lora Melani Lowas One of the founder of Megapolitan Developments. >40 years experiences. Position : Company President Director
Fanny Setiati Sutanto Desi Yuliana 20 years of experience in the 16 years of experience in marketing Company Position : Chief of Marketing and Position : Finance Director since Sales since 2012 2011
Radian Wena 14 years of experience as project manager Position : Head of Business since 2015 Holistic and Well Planned Business Strategy 5. Aiming for Stable and Measured Growth Long Term Business Focus Expansion Strategies
PROJECT CAPITAL OPTIMIZATION MANAGEMENT BUSINESS FINANCIAL • Amplify project • Strengthen Increasing competitive Maximizing financial commercial capital through advantage by: performance: value capital market • Participating in regional • Developing high revenue and commercial property development projects • Maximize with local government • Balancing project return profitability loans. • Building solid team work against cost of fund • Optimize • Manage shareholder investment value portfolio
HUMAN RESOURCE CONSUMER STRATEGIC LAND BANK Increasing human resource Improving customers PARTNERSHIP quality through: experience by: • Employee training • Delivering high quality • Engage partners • Develop existing • Comfortable working product foreign and land bank environment • Superb Customer Service domestic for • Increase land investment and bank in strategic project areas development Appendix II: Portfolio Highlights Past Project Highlights
Bellagio Office, Mall, and Apartment Puri Cinere
Office, mall, and apartment located in Mega Kuningan, Jakarta. 44.4ha area of landed house project in Cinere, Constructed in 2002 and finished in 2005 with more than 1,000 unit sold completed in 2000 and managed to sold >400 units
Graha Cinere – Phase I-III Tatya Asri
Graha Cinere is landed house project, located in Cinere. Megapolitan 10.1ha area of landed house project in Cinere with 724 completed the first project in 1988 and managed to sold > 3,300 units unit of houses sold. 39 Cinere Project Locations
40 Centro Cinere – Cinere Bellevue
Cinere Bellevue Mall , Suites, Commercial, and Kiosk Cinere Bellevue Mall Type Leased mall Apartment, mall, and Gross Floor Area 64,618sqm shop-houses on a Net lease area 22,949sqm 1.65ha block, located No of floor 6 in Jl. Cinere Raya, Launch Date 2012 Construction Start 2013 Depok. Completion Date 2014 Cinere Bellevue Mall Occupancy 80% Mall tenants: Cinere Bellevue Commercial Type Shop-houses Total Unit 14 Launch Date 2012 Construction Start 2013 Completion Date 2015 Cinere Bellevue Suites Status 100% sold
Cinere Bellevue Suites Tower A Tower B Cinere Bellevue Kiosk Gross Area 18,849sqm 18,849sqm Type Kiosk No of floor 18 18 Total Unit 172 Total Unit 529 540 Launch Date 2012 Launch Date 2012 2012 Construction Start 2013 Construction Start 2013 2013 Completion Date 2015 Completion Date 2015 2015 Status 75% sold Status 93% sold 93% sold 41 Centro Cinere – Cinere Terrace
Cinere Terrace Walk, Suites, and Commercial Cinere Terrace Walk Type Leased mall Another masterpiece on Gross Floor Area 21,471sqm 2.2ha of land on Cinere Net lease area 11,779sqm Raya. The super block is a No of floor 3 combination of mall, Launch Date 2014 apartment, and Construction Start 2016 commercial. Target Completion Date 2017 Cinere Terrace Mall Occupancy 30%
Cinere Terrace Commercial Type Shop-houses Land area 4000sqm No of floor 3 Total Unit 56 Cinere Terrace Commercial Construction in progress Launch Date 2013 Construction Start 2014 Cinere Terrace Suites The Cloud The Sky Completion Date 2015 Status 85% sold Type Apartment Apartment Gross Area 13,778sqm 25,079sqm No of floor 18 18 Total Unit 306 530 Launch Date 2014 2016 Construction Start 2016 2016 Target Completion Date 2018 2018 Status 65% sold 12% sold 42 Centro Cinere – Residential
Cinere One Residence Cinere One Residence Type Landed house Total land area 17,700sqm No of unit 47 Launch Date 2012 Construction Start 2013 Completion Date 2015 Status 92% sold Cinere One Residence is located in Jl. Cinere Raya as part of the super complex, Centro Cinere. The house types are 146/240 and 105/160
Cinere Riverside II Cinere Riverside II Type Landed houses Total land area 4,200aqm Gross area 3,021 No of floor 2 No of unit 15 Launch Date 2016 Cinere Riverside II is an exclusive town house in Cinere. The house type is 159/200.
43 Mall Cinere and De Vonte
Mall Cinere Mall Cinere Type Leased mall Mall Cinere has become Total land area 13,000sqm one of main city landmark Gross area 24,149sqm in Cinere. Cinere No of floor 4 residents are familiar and Launch Date 1993 comfortable with the mall, inferred by the mall’s high Construction Start 1990 Cinere mall visitors and occupancy. Completion Date 1993 Occupancy 95% Major Tenants:
De Vonte Commercial De Vonte - Commercial Type Shop-house De Vonte Commercial is a Total land area 2,500sqm shop-houses complex just No of unit 11 De Vonte across the Mal Cinere. Launch Date 2016 Behind the shop-houses Construction Start 2017 will be built a new Target Completion Date 2018 Megapolitan’s apartment Status 20% sold tower.
44 Cinere Junction – Residential
Cinere Parkview Cinere Parkview Type Landed house Total land area 73,000sqm No of unit 358 Launch Date 2013 Construction Start 2013 Target Completion Date 2017 Status 40% sold
Graha Cinere – Phase IV Graha Cinere Type Landed house Total land area 23,960sqm No of unit 77 Launch Date 2010 Construction Start 2010 Target Completion Date 2017 Status 90% sold
Cinere Parkview and Graha Cinere Phase IV are part of the Cinere Junction super complex. House type sold in Cinere Parkview are Mandevilla (118/120), Maple (46/105), Magnolia (80/120), Melia (60/105), Mimosa (118/120), and Marigold (115/105).
45 Sentul Project Locations
Megapolitan Sentul City
46 Vivo Sentul
Vivo Mall, Walk, and Galeria Kiosk Vivo Mall, Walk, and Galeria Kiosk Total land area 28,000sqm Gross floor area 39,792sqm Hotel No of floor 7 Launch Date 2015 Construction Start 2016 Completion Date 2018 Vivo Vivo Mall Walk Construction in progress Vivo Mall & Walk Type Leased mall Status 61% leased (Vivo Mall) Galeria Kiosk Type Kiosk Status 55% sold
Bizpark Vivo Sentul Bizpark Vivo Sentul Type Shop-houses Total land area 40,000sqm No of unit 187 Launch Date 2015 Construction Start 2016 Completion Date 2018 Vivo Bizpark (Commercial) 47 Tatya Asri Sentul
New Jantra New Jantra Type Landed house Total land area 4,823sqm No of unit 35 Launch Date 2017 Construction Start 2018 Target Completion Date 2019
New Jantra is an affordable housing complex targeted for Indonesia middle class. House type sold are 40/72
Tatya Asri Commercial 3-4 Tatya Asri - Commercial Type Shop-houses Total land area 2,000sqm No of unit 15 Launch Date 2016 Construction Start 2017 Completion Date 2018 Status 20% sold Tatya Asri commercial is a shop-houses project on 2,000sqm of land and is currently under construction.
48 Karawaci – The Habitat
The Habitat The Habitat Type Apartment Total land area 18,700sqm No of tower 5 No of floor 5-6 Total unit 722 Launch Date 2008 Construction Start 2010 Target Completion Date 2018 Status 87% sold
49 Appendix III: Others
50 Corporate Mission and Vision
VISION Developing Quality Space in Balance and Harmony for Global Living
Continuously Increase Company Performance and Give the Best Result to Our Stakeholders by 1. DELIVERING CUSTOMER SATISFACTION THROUGH HIGH QUALITY PRODUCTS, HIGH VALUE INVESTMENT, SAFETY AND SECURITY. 2. CREATING PROFITABLE RELATIONSHIP WITH OUR BUSINESS PARTNERS. 3. PROVIDING OUR TEAM WITH GOOD WORKING ENVIRONMENT AND INCREASING WELFARE AND CAREER DEVELOPMENT 4. CONTINUOUSLY INCREASING SHAREHOLDER VALUE. 5. CREATING BENEFIT TO SOCIETY THROUGH SUSTAINABLE GROWTH AND GOOD CORPORATE GOVERNANCE.
Bringing Dreams to Life 51 Awards
2015 and previous years 2016
Action International Anugerah Perempuan Business Coaching Indonesia Award
Melani Lowas Barak Top Property Award in Top Performer in The Best Action Plan Rimba as Top Woman Superblock Category – Property & Building Indonesia Region Leader Indonesia Vivo Sentul Construction Sector
Melani Lowas Barak Visionary & Innovatif Rimba as Business Pioneer in Developing Srikandi Post-Crisis for Cinere Area for New City Project & Housing & Apartment Top Property Award in Crisis-Proof Housing Category Superblock Category – Category Vivo Sentul
52 Awards
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