KIJA Presentation Material – February 2018.Pdf
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0 89 Leading township developer & infrastructure powerhouse 79 PT Kawasan Industri Jababeka Tbk. ("KIJA") is a leading township developer with an established track record in industry- based townships supported by residenal & commercial components... 245 KIJA overview 175 Business segments 22 FY16 Revenue Breakdown (%) PT Kawasan Industri Jababeka Tbk (Rp 2,931 billion) Infrastructure & Port 132 Real Estate Infrastructure 14% 115 82 Industrial Power Real Estate & Others 41% 200 ResidenDal Infrastructure 218 Power Plant 45% 78 Commercial Dry Port • Established in 1989 and became the first publicly listed industrial FY16 Gross Profit Breakdown (%) 86 estate developer in Indonesia in 1994 (Rp 1,243 billion – 42% GPM) 134 • Kota Jababeka, KIJA's flagship development, is a mature industry- 182 based integrated township in Cikarang with on-site power plant Infrastructure & Port and dry port 16% • Pipeline projects: Kendal Industrial Park – Park by the Bay in Central Java, tourism-based township in Tanjung Lesung, Banten 205 and a tourism development project in Morotai Power Plant 102 • Large and strategically located land bank of 3,394 hectares as of 30 13% 95 September 2017 Real Estate & Vision: To Create Modern Self Sustained Ci4es in Every Others 71% Province in Indonesia and Provide Jobs for Be>er Life 133 111 160 …with world class infrastructure to support its development 1 0 89 Established track record in large-scale industrial estate + infrastructure 79 More than 25 years track record in industrial township development Selected awards 245 175 22 #1 #1 Investor Magazine - 2012 SWA Magazine - 2016 132 Indonesia Property Watch- Fortune Indonesia - 2015 Top 10 Best performing Best Company award Top 25 Most Creave 115 2015 listed companies and Best The best township Companies in Indonesia 82 listed company in property development concept 2016 Groundbreaking 200 Kendal Industrial 218 #1 #1 2014 Park – Park by 78 the Bay D’Khayangan FronDer ConsulDng Group Award Supply Chain Asia Awards 2014 Ministry of Industry - 2015 2013 Senior Living 2014 #1 Corporate Image Asia Logis_cs Centre/Park of the Best Industrial Estate – Launched Bekasi Industrial Estate Year Infrastructure & Facili_es 86 2011 Power Plant 134 commenced Acquisi_on 182 2010 operaons of 1,500 ha Cikarang Dry land in 2003 Port begins Tanjung operaons Lesung, 2001 Commenced 205 Banten 1996 development of 102 Inauguraon of 1994 Jababeka CBD 95 Educaon Park, 1989 Acquisi_on of including President IPO on Menara Batavia University Jababeka Group Jakarta and in Jakarta CBD established and Surabaya 133 started Stock 111 development of Exchange 160 the industrial estate 2 0 89 Sizeable land bank in strategic locaDons with upside potenDal 79 Kota Jababeka Cikarang Fully integrated and matured city development 35km east of Jakarta, 45mins from Jakarta’s CBD 245 Master plan: 5,600 hectares ! 175 35km east of Jakarta 22 Most established industrial area in Greater Jakarta, home Land Bank: 1,231ha(1) ! to >2,000 local and mulDnaDonal companies INDONESIA 132 115 Tanjung 82 Lesung Kota Jababeka Kendal, Cikarang Central Java 200 Semarang 218 78 Karawang Surabaya 86 134 182 Tanjung Lesung Master plan: 1,551 hectares 170km southwest of Jakarta (1) 205 Land Bank: 1,551ha Designated strategic estate 102 Kendal, Central Java ! status under presidenal 95 Master plan: 2,700 hectares decree Designated as a Special Economic Zone ! 450km east of Jakarta Strategically located along Located 170km southwest of Jakarta and covers 1,500 (1) Land Bank: 583ha ! the Jakarata-Semarang- ha of untouched peninsula facing the Indian Ocean ! Surabaya Economic 133 Envisaged to become a first-class integrated resort Offers a deep pool of young Corridor 111 ! desnaon for both domesc and internaonal tourists ! and skilled labour at a 160 compeve cost Note: 1 Land bank as at 30 September 2017 3 0 89 Overview of Porolio 79 Three diversified pillars of growth underpinned by strong recurring revenue base Real Estate(1) Infrastructure Leisure & Hospitality 245 Industrial Waste Water Golf & Country Club Water Treatment Plant 175 Treatment Plant 22 132 Cikarang – Jababeka Golf Magelang – Borobudur The Jababeka Industrial Estate 115 & Country Club Interna4onal Golf & Country Club 82 ResidenDal Kota Jababeka D’ Cataluna President Lounge Candi Residence at Bekasi Power D’Java The Oscar Beverly Hills 200 D’Java Residence 218 Senior Living Veranda Tropikana Garden @D’Khayangan 78 Graha Asri Riverview Residence Commercial 86 Ruko D’Java 134 Sentra Niagra Square Main Lobby, The President Lounge - Jakarta Movie Boulevard 182 Cortes Metro Suites Metro Hotel Ruko Hollywood East Park Resto Plaza Arcade Commercial Centre Trace Rodeo Drive Hollywood Boulevard Cikarang Dry Port Ruko Green Market 205 Kios Green Market Riverwalk 102 Kota Jababeka 95 Thamrin Boulevard Boulevard Arcade Botanic Garden Educaon Park 133 111 160 Kota Jababeka Educa4on Park Jababeka Botanic Gardens Note: 1 KIJA also owns 5,947 sqm of space in the Jakarta strata _tle building Menara Batavia and has _tle to 12,035.7 sqm in The City Center, a strata _tled office tower adjacent to Menara Batavia 4 0 89 Key credit strengths 79 245 175 22 1 Leading industry-based integrated township developer in Indonesia 132 2 The ONLY industrial developer with on-site power and dry port 115 82 3 Stable, USD-denominated recurring income from infrastructure operaons 200 218 78 4 Diversified land bank and projects 86 5 Clear strategic focus over different me frames 134 182 6 Robust operaDng and financial performance 205 102 7 Experienced management team 95 8 Beneficiary of favourable macro and sector fundamentals 133 111 160 5 0 89 1 Kota Jababeka — Flagship industry-based integrated township 79 Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport… 245 175 Tanjung Toll Road Soekarno-Hana 22 Future Toll Road Priok Port Internaonal Airport 132 115 DKI 82 JAKARTA Heavy industries & Petrochemicals Tangerang AutomoDve, Consumer, 200 Bekasi Electronics & other Light 218 to medium industries 78 Distance from (in km) Kota Jababeka South Tangerang Jakarta CBD 35 Kota Jababeka 86 134 Seaport 55 182 Airport 65 205 1 Strategically located in Cikarang area, the most established industrial estate zone in Greater Jakarta 102 95 2 Close to central Jakarta, sea-port, airport and accessible by both toll and railroads Mature township with a well-established talent/labour pool supported by complementary facili_es (residen_al, commercial, hospitality, 3 etc) 133 4 Superior infrastructure facili_es which serve to enhance Kota Jababeka's compe__ve posi_oning for customers 111 160 …and is home to over 1,600 local and mul4na4onal customers from over 20 countries 6 0 89 1 Kota Jababeka – Anchored by a blue-chip customer base 79 The porholio of high quality mulDnaDonal and domesDc customers at Kota Jababeka is a testament to the township's strategic locaon and superior infrastructure facilies 245 175 Diverse mix of occupants across sectors 22 (breakdown by number of occupants) – As of 30 Sept 2017 Porolio of high quality customers 132 Electronics, 11% 115 82 Customer Goods, 7% 200 218 Machinery, 7% 78 Others, 44% 86 Chemicals, 6% 134 182 Automotive, 6% Plastics, 6% 205 102 Tekstile, 2% Foods, 5% 95 Metal Building, 4% Fabrication, 4% 133 111 160 7 0 89 1 Jababeka Residence – A City for Your World 79 Kota Jababeka has successfully achieved a criDcal mass of occupants which provides an opportunity to connue introducing complementary services and infrastructure to enhance the township's value 245 proposion ResidenDal 175 22 Housing clusters 132 115 82 The Veranda Tropikana Garden 200 218 78 D’Java Residence Simprug Garden Senior housing High-rise residence 86 134 182 205 D’Khayangan - Senior living Elvis Tower 102 95 Commercial 133 111 160 Sentra Niaga Square Simprug Plaza 8 0 89 1 Kota Jababeka – Enhancing value through Joint Venture projects 79 PT PP Proper (Persero) Tbk PT Plaza Indonesia Realty Tbk 245 175 22 51% “Riverview 30% “MAYFAIR Estate JV 1 JV 1 49% 132 Residence” 70% & Park Land” 115 82 4 apartment towers strategically located near the Mixed use superblock on a 12-ha site right next to the golf course toll exit Groundbreaking happened in June 2015; piling completed Catering to the lower end of Launch imminent 200 the market 218 78 Tower 1 – Mahakam Tower – 90% sold out & topped off, hand-over expected late 2018 Tower 2 – Bangawan Tower – 86 soo-launched with > 140 units 134 sold 182 47.4% JV 2 52.6% 205 70% 102 JV 2 95 Mixed use superblock on a 30% 4.6-ha site With 6 apartment towers and Japanese style mall To be developed on 4-ha site adjacent to JV 1 133 First apartment tower to be Concept to be decided on at a later stage – to support / complement 111 launched later this year JV 1 160 9 0 89 1 Kota Jababeka – Kawana Golf Residence 79 Kawana Golf Residence – The One & Only Golf Residence in Indonesia 245 Kawana Golf Residence is a JV between KIJA’s Jababeka Residence (60%) and Creed Group (40%) from Japan 175 22 High-end golf view apartment tower with 234 units Phase 1 launched in December: 100% sold – phase 2 to be launched later 132 115 82 200 218 78 86 134 182 205 102 95 133 111 160 10 0 89 2 Enhancing Kota Jababeka's value proposion: Bekasi Power Plant 79 KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate Integrated Power Generaon & Distribuon Process 245 • 130MW gas fired combined cycle plant 175 22 1 • 20 year 100% off-take agreement from Perusahaan Listrik Negara 100% output to PLN (“PLN”) – Rate per KWH: ~US$11 cents 132 – Average gas cost / MMBTU: ~US$9.0 - 10.0 115 2 Buy back from PLN PLN – Fuel costs borne by PLN on a pass-through basis 82 (+16% margin) – Fully contracted gas supply – Flexibility to buy back power and resell it at a premium 3 Direct sale to factories (+ margin) • In 2Q 2016, a leakage was found in a boiler of one of the Heat 200 Recovery Steam Generators of the power plant.