Right Place, Right Time, Right Company
PT Lippo Karawaci Tbk FY 2016 Indonesia’s Largest and Most Integrated Property Group Leaders in Integrated Developments, Hospitals, Retail Malls, Hotels and Asset Management CONTENTS
CORPORATE STRUCTURE 01
LARGEST & MOST INTEGRATED PROPERTY COMPANY 02
FOUR BUSINESS DIVISIONS 03
MOST RECENT FINANCIAL RESULTS 04 - 05
DIVERSIFIED LANDBANK & PROJECTS 06 - 07
MOST INTEGRATED BUSINESS MODEL 08
HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT 09
GROWTH STRATEGIES 10
OUR PORTFOLIO 11 - 38
FINANCIAL PERFORMANCE 39 - 43
APPENDICES 44 - 64 CORPORATE STRUCTURE
Credit Suisse AGSG TRACCL LIPPO RELATED COMPANIES PUBLIC PT Metropolis Propertindo Utama 28.29% 5.32 % 66.39 %
As of 31 Dec 2016 No of Outstanding Shares : 22,771,585,119 Code : LPKR.JK ; LPKR IJ
62,1% 54,4% 59,8% 100%
PT SILOAM INTERNATIONAL PT LIPPO CIKARANG TBK PT GOWA MAKASSAR TOURISM PT BOWSPRIT ASSET HOSPITALS TBK DEVELOPMENT TBK MANAGEMENT
01 LARGEST & MOST INTEGRATED PROPERTY COMPANY
Largest listed property Company by Revenue and Total Assets. Revenue and Total Assets for FY2016: USD 784 million and USD 3.4 billion, respectively.
Fastest growing Indonesian real estate group market cap grew by more than 6x to USD 1.2 billion1 since the merger of eight property related companies in 2004. Market leader in townships & residential property, hospitals, and retail malls.
Integrated business model with ability to recycle capital, and largest diversified landbank throughout Indonesia.
Only Property Company rated by three rating agencies (B+ by Standard & Poor’s2 , BB- by Fitch3, Ba3 by Moody’s 4)
Included in MSCI Global Standard Indices & major Indonesia Stock Exchange Indices: LQ45,IDX30, Jakarta Islamic Index, Bisnis-27, ISSI, Kompas-100, and Investor-33.
Strong International Partners and Shareholders.
Multi Award winning Developer.
1As of December 31, 2016 2Affirmed on October 24, 2016 3Affirmed on December 2, 2016 4Affirmed on December 30, 2016 02 LPKR FOUR BUSINESS DIVISIONS
DEVELOPMENT REVENUE RECURRING REVENUE
RESIDENTIAL AND ASSET URBAN DEVELOPMENT HOSPITALS COMMERCIAL MANAGEMENT
Development rights: 23 hospitals with more Malls: Manages 2 public than 5,100 beds capacity listed REITs in SGX : 8,087 ha Own and/or manage under the Siloam 46 malls First REIT & LMIRT Hospitals network. (GFA of 3.2 million sqm) Land already acquired: 43 hospitals in the 40 malls in the pipeline USD2.3 billion Assets 4,951 ha pipeline Under Management
Hotels: Landbank Inventory: National and Own and/or manage Town Management 1,330 ha International (JCI) 9 hotels with 1,970 Lippo Village : 26% accreditation rooms Lippo Cikarang : 37% Tanjung Bunga: 22% San Diego Hills : 7%
03 REVENUE & EBITDA CONTRIBUTION
REVENUE EBITDA FY16: Rp10,538 Trillion FY16: Rp 2,232 Trillion
36% 44% 49% 29%
8% 16% 7% 11%
Residential & Urban Development Commercial Hospitals Asset Management
Source : Company as of FY2016 04 INCOME STATEMENTS: FY2016 AND FY2015
REVENUE FY16: RP 10,538 TRILLION EBITDA FY16: RP 2,232 TRILLION REVENUE FY15: RP 8,910 TRILLION EBITDA FY15: RP 2,223 TRILLION Rp bn Rp bn 1.200 6.000 1.117 5.168 970 5.000 1.000
3.785 4.144 4.000 3.403 800 651 617 3.000 600
2.000 400 360 253 251 236 853 1.000 732 607 756 200
- - - Residential & - Healthcare - Commercial - Asset - Residential & - Healthcare - Commercial - Asset Urban Management Urban Management Development Development
NPAT FY16: RP 882 BILLION Source : Company as of FY2016 NPAT FY15: RP 535 BILLION 05 MOST DIVERSIFIED LANDBANK AND PROJECTS
INDONESIA
Grand Palladium Medan Sun Plaza Plaza Medan Fair Aryaduta Hotel Manado Lippo Plaza Medan Siloam Hospitals Manado Monaco Bay Binjai Supermall Siloam Hospitals Medan Holland Village Manado Aryaduta Hotel Medan
Aryaduta Hotel Pekanbaru Siloam Hospitals Samarinda Siloam Hospitals Balikpapan
KALIMANTAN SULAWESI MALUKU Siloam Hospitals Jambi PAPUA Lippo Plaza Jambi Palembang Square Lippo Plaza Lubuk Linggau St Moritz Panakukang PSx Mall Lippo Plaza Buton Siloam Hospitals Palembang Projects in Greater Jakarta Siloam Hospitals Buton Aryaduta Hotel Palembang Siloam in Greater Jakarta (9) Tanjung Bunga Township Palembang Icon Mall Malang Town Square Siloam Hospitals Makassar Bandung Indah Plaza JAVA GTC Makassar Istana Plaza Siloam Hospitals Mataram Aryaduta Hotel Bandung Siloam Hospitals Labuan Bajo Siloam Hospitals Purwakarta Lippo Plaza Kupang Lippo Plaza Yogya Siloam Hospitals Kupang City of Tomorrow, Surabaya Siloam Hospitals Nusa Dua, Kuta, Sunset (Bali) Residential & Urban Development Siloam Hospitals Surabaya Lippo Plaza Sunset Hospitals Lippo Mall Kuta Retail Malls Hotels
06 MOST DIVERSIFIED LANDBANK AND PROJECTS
PROJECTS IN GREATER JAKARTA Jakarta Population : 12 million1 N Greater Jakarta Population : 30 million1 JAVA SEA Pluit Village
NORTH JAKARTA
International Airport WEST JAKARTA Soekarno Hatta St. Moritz Gajah Mada Plaza Lippo Mall Puri Holland Village PX Pavilion CENTER OF Metropolis Town Square JAKARTA Aryaduta Hotel Jakarta Siloam Hospitals Kebon Jeruk Lippo Thamrin MRCCC Aryaduta Hotel Semanggi Lippo Village Township Grand Mall Bekasi Blu Plaza Bekasi Benton Junction Embarcadero Bintaro The Plaza Semanggi Millenium Village (LV new CBD) Siloam Hospitals Bekasi SOUTH JAKARTA Siloam Hospitals Lippo Village Kemang Village Siloam General Hospitals Lippo Mall Kemang The Nine Residence Aryaduta Hotel & Country Club WTC Matahari San Diego Hills Memorial Park Maxxbox Karawaci Royal Serpong Village Kramat Jati Indah Plaza Siloam Hospitals TB Simatupang Lippo Cikarang Township BANTEN Siloam Hospitals Cinere Orange County (LC new CBD) PROVINCE Tamini Square Siloam Hospitals Asri Siloam Hospitals Lippo Cikarang EAST Lippo Cikarang Mall Pejaten Village JAKARTA Citywalk Cikarang Maxxbox Cikarang Residential & Urban Development Cibubur Junction Hospitals Retail Malls WEST JAVA Hotels Bellanova Country Mall PROVINCE Offices Depok Town Square Eka Lokasari Mal TOLL ROAD Park View Apartments Lippo Plaza Kebun Raya Bogor 1Indonesia Central Statistic Bureau Puncak Resort 07 MOST INTEGRATED BUSINESS MODEL IN INDONESIAN PROPERTY SECTOR
DEVELOPERS PROPERTY OPERATIONS Majority of Indonesian Developer, Operator and Majority of Indonesian Developers REIT & Portfolio Developers Managers
REITs
Integrated Projects Development Across Property Income Proven Experience & Value Chain Track Record Projects: Buyers: Prudent & Sustainable Existing • Residential • Individual Financial Management Landbank & • Industrial • Corporate Proactive • Commercial Capitalizing on Group Land Synergies Recurring Income Acquisition Service: • Healthcare Sophisticated Marketing • Hospitality Middle income and • Leased Mall upper market segment Management THIRD PARTIES
DEVELOPMENT AND OPERATING CAPABILITIES ACROSS THE SPECTRUM OF REAL ESTATE PRODUCTS
08 HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT
BOARD OF COMMISSIONERS: BOARD OF DIRECTORS:
Ketut Budi Wijaya Theo L. Sambuaga Surjadi Soedirja Tjokro Libianto Lee Heok Seng Agum Gumelar President Director Chairman Vice Chairman
Chan Chee Meng Farid Harianto H. Sutiyoso Alwi Sjaaf Johanes Jany
Richard Setiadi Jenny Kuistono 09 GROWTH STRATEGIES
ASSET RESIDENTIAL AND HOSPITALS COMMERCIAL URBAN DEVELOPMENT MANAGEMENT
Enhance value of our Deliver as promised on our RETAIL MALLS Deliver a significant landbank through various hospital expansion program Execute on planned pipeline growth in scale in our new infrastructure whilst further enhancing our developments REITs through our asset development and high position as the leading light strategy. quality residential and hospital and healthcare Expedite the development of commercial products. group in Indonesia. pipeline projects
Continue to complete and Continue our operational Fast track asset Continue to grow our fee deliver on project pipeline and cost efficiency enhancement projects in income contribution which with due consideration of programs to shorten existing malls. strengthen our recurring recent regulations in a more stabilisation periods of new revenue base. realistic launch schedule hospitals. Enhance process and culture to create Indonesia’s Continue to diversify into Set the benchmark for premier malls operator. Increase Fee Income other types of property innovative medical packages through management of developments, i.e. office. that meet the needs of our HOTELS Real Estate Investment growing middle class. Increase market share and Funds (DIRE) Ramp up our marketing profitability of our existing sales to capitalise on Create new medical package hotel portfolio current opportunities and to meet the needs of broad our industry leading market segment for world Entry into the middle market position. class healthcare through launch of three star hotel chain
Wider price range to capture broad market coverage
10 RESIDENTIAL & URBAN DEVELOPMENT
LIPPO VILLAGE AT KARAWACI, JAKARTA WEST
Artist Impression
Total Area Development Area Green Area Development Rights Land already acquired Landbank inventory 132 ha 71 ha 125 ha 3,066 ha 1,184 ha 283 ha Planned Development Development Period Residential Total Towers Built > 70 3 Phase Population Jobs Houses > 10,583 Est. Building GFA > 6 mn sqm > 59,521 48,688 Condos > 1,120 - Residential > 2 mn sqm Shophouses > 1,193 - Medical City > 400,000 sqm - Commercial (Retail +Office)> 600,000 sqm - Mixed Use > 3 mn sqm 113.5 km roads built, 59,690 trees planted, 21% green space Lippo Hotels > Five Star & Boutique Hotel Art District, Lippo World Expo, ZU Private Club, Lippo Grand Mall 11 RESIDENTIAL & URBAN DEVELOPMENT
LIPPO CIKARANG, JAKARTA EAST
Glendale Park (505 units) Pasadena Suites (419 units) Westwood Suites (435 units)
Newport Park Burbank Suites (559 units) (560 units) Irvine Suites (441 units) Burbank Suites (560 units)
Artist Impression
Total Area Development Area Open Area Development Rights Land already acquired Landbank inventory 280 ha 236 ha 44 ha 3,250 ha 2,821 ha 490 ha Planned Development Development Period Workers Residential Population Total Towers Built > 50 3 Phase 484,300 Houses > 14,000 > 50,720 Est. Building GFA > 6 mn sqm Condos > 1,850 - Residential > 1.8 mn sqm Shophouses > 1,216 Global Names : - Commercial (Office & Retail) > 520,000 sqm No. of Factories Toyota Tsusho, - Mixed Use > 3.7 mn sqm Industrial > 993 Hankook, Danone, Lippo Hotels > Five Star & Boutique Hotel Epson, Sanyo, KIA Motors Siloam Hospitals, University, School, Lippo Mall, Offices 12 281 km roads built, and 94,200 trees planted, RESIDENTIAL & URBAN DEVELOPMENT
TANJUNG BUNGA, MAKASSAR, SOUTH SULAWESI SAN DIEGO HILLS MEMORIAL PARK AND FUNERAL HOME
Development Rights Land already acquired Landbank inventory Master Plan Land already acquired Landbank inventory 1,500 ha 650 ha 294 ha 500 ha 125 ha 91 ha (+ 14 ha family center & lake} Residential Population Jobs Houses > 6,595 Plot Sold > 14,692 13,254 Shophouses > 189 54,501
27 km roads built, and 9,379 trees planted,
13 A LANDMARK PROJECT – SOUTH JAKARTA (FIRST LAUNCHED ON JULY 2007)
THE COSMOPOLITAN THE THE INFINITY SOLD (AS OF 31 DECEMBER 2016) BLOOMINGTON
THE THE THE RITZ THE EMPIRE INTERCON COSMOPOLITAN THE TIFFANY 98% 97% 97% Rp 438 bio Rp 388 bio Rp 340 bio THE RITZ 100% completion 100% completion 100% completion
THE EMPIRE THE TIFFANY THE INFINITY THE INTERCON
HOTEL 100% 100% 100%
International Rp 599 bio Rp 392 bio Rp 359 bio School 100% completion 100% completion 100% completion
THE BLOOMINGTON PAYMENT PROFILE LIPPO MALL KEMANG
91% Cash 30% Rp 915 bio Mortgage 49% 12-36 Monthly Installment 21% 100% completion Construction Progress as at 31 Dec 2016
14 TOTAL LAND AREA : 11.4 Ha (FIRST LAUNCHED ON AUGUST 2008)
PRESIDENTIAL SUITE (140 units) Hotel & SOLD (AS OF 31 DECEMBER 2016) Offices NEW PRESIDENTIAL SUITE PRESIDENTIAL AMBASSADOR ROYAL SUITES (159 units) SUITES SUITES
AMBASSADOR SUITE ROYAL 96% 97% 98% (144 units) SUITE (231 units) Rp 449 bio Rp 356 bio Rp 367 bio
100% completion 100% completion 100% completion
NEW NEW NEW ROYAL New PRESIDENTIAL AMBASSADOR SUITES AMBASSADOR SUITES SUITES SUITE (171 units) 85% 90% 99% NEW ROYAL SUITE Rp 584 bio Rp 512 bio Rp 367 bio (197 units) 97% completion 96% completion 100% completion
LIPPO MALL PURI PAYMENT PROFILE
Cash 28 % Mortgage 49 % 12-36 Monthly Installment 23 % Construction Progress as at 31 Dec 2016
15 LAUNCHED IN 2016 PIPELINE PROJECTS
NEWPORT PARK URBAN HOMES ORANGE COUNTY, LIPPO VILLAGE LIPPO CIKARANG
Launched Date : 26 Nov 2016 Total SGA : 28,937 sqm Presold : 87% Marketing Sales: Rp 390 bn (Rp 18 mn/sqm) Tentative Launch : 2H’17 Cash : 11% Land Area : 1.3 Ha Mortgage : 6% Total Units : 1,080 (1 tower) Installment : 83% 16 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2011- 2013)
OFFICE TOWER PARK VIEW APARTMENTS HOLLAND VILLAGE LIPPO THAMRIN AT THE ST. MORITZ THE NINE RESIDENCE DEPOK CENTRAL JAKARTA CENTRAL JAKARTA WEST JAKARTA SOUTH JAKARTA
17 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2014)
ST. MORITZ PANAKUKANG EMBARCADERO BINTARO OFFICE TOWER AT HILLCREST+ FAIRVIEW MAKASSAR WESTERN WING, TANGERANG HOLLAND VILLAGE, JAKARTA LIPPO VILLAGE
HOLLAND VILLAGE SECOND PHASE EMBARCADERO BINTARO IRVINE + WESTWOOD CENTRAL JAKARTA EASTERN WING, TANGERANG LIPPO CIKARANG
18 PRE-SOLD PROJECTS UNDER CONSTRUCTION (LAUNCHED IN 2015)
PASADENA SUITES MONACO BAY HOLLAND VILLAGE BURBANK GLENDALE PARK ORANGE COUNTY, MANADO, MANADO, ORANGE COUNTY, ORANGE COUNTY, LIPPO CIKARANG NORTH SULAWESI NORTH SULAWESI LIPPO CIKARANG LIPPO CIKARANG
19 22
Mature Hospitals
SILOAM HOSPITALS LIPPO VILLAGE SILOAM HOSPITALS BALIKPAPAN TANGERANG (West of Jakarta) EAST KALIMANTAN 308 Bed Capacity JCIA 232 Bed Capacity 274 Operational Beds 165 Operational Bed 228 GP and Specialists 111 GP and Specialists 375 Nurses 156 Nurses Centre of Excellence : Cardiology, Neuroscience, Centre of Excellence : Orthopedics & Emergency Orthopedics & Emergency 79.61% Ownership
SILOAM HOSPITALS KEBON JERUK SILOAM HOSPITALS PURWAKARTA WEST JAKARTA WEST JAVA 285 Bed Capacity JCIA 202 Bed Capacity 215 Operational Beds 190 Operational Beds 208 GP and Specialists 60 GP and Specialists 303 Nurses 168 Nurses Centre of Excellence : Urology, Centre of Excellence : Emergency Orthopaedic, Cardiology & Emergency
SILOAM HOSPITALS SURABAYA EAST JAVA 162 Bed Capacity 160 Operational Beds 161 GP and Specialists 244 Nurses Centre of Excellence : Fertility Treatment, Cardiology & Emergency
20 23
Developing Hospitals
SILOAM HOSPITALS CIKARANG SILOAM GENERAL HOSPITAL (RSUS) BEKASI (East of Jakarta) TANGERANG (West of Jakarta) 114 Bed Capacity 640 Bed Capacity 108 Operational Beds 300 Operational Beds 94 GP and Specialists 75 GP and Specialists 156 Nurses 227 Nurses Centre of Excellence : Occupational Health & Centre of Excellence : Emergency Emergency 79.84% Ownership
SILOAM HOSPITALS JAMBI SILOAM HOSPITALS MANADO EAST SUMATERA NORTH SULAWESI 100 Bed Capacity 238 Bed Capacity 90 Operational Beds 177 Operational Beds 66 GP and Specialists 112 GP and Specialists 121 Nurses 193 Nurses Centre of Excellence : Emergency Centre of Excellence : Emergency 83.0% Ownership
MRCCC SILOAM SEMANGGI SILOAM HOSPITALS MAKASSAR SOUTH JAKARTA SOUTH SULAWESI 334 Bed Capacity 362 Bed Capacity 155 Operational Beds 215 Operational Beds 174 GP and Specialists 119 GP and Specialists 284 Nurses 228 Nurses Centre of Excellence : Cancer, Liver & Emergency Centre of Excellence : Cardiology, Endocrinology & Emergency
21 24
Developing Hospitals
SILOAM HOSPITALS PALEMBANG SILOAM HOSPITALS MEDAN SOUTH SUMATERA NORTH SUMATERA 357 Bed Capacity 356 Bed Capacity 150 Operational Beds 75 Operational Beds 135 GP and Specialists 102 GP and Specialists 162 Nurses 88 Nurses Centre of Excellence : Gastroenterology & Centre of Excellence : Emergency & Trauma Emergency 70.00% Ownership
SILOAM HOSPITALS CINERE SILOAM HOSPITALS TB SIMATUPANG DEPOK (South of Jakarta) SOUTH JAKARTA 50 Bed Capacity 269 Bed Capacity 37 Operational Beds 118 Operational Beds 20 GP and Specialists 147 GP and Specialists 42 Nurses 129 Nurses Centre of Excellence: Cardiology Centre of Excellence : Cardiology, Oncology, Neuroscience & Emergency
80.0% Ownership
SILOAM HOSPITALS KUPANG EAST NUSA TENGGARA 416 Bed Capacity 110 Operational Beds 56 GP and Specialists 150 Nurses Centre of Excellence : Emergency 22 25 Distinct Market Segment Hospitals
SILOAM HOSPITALS BALI BIMC KUTA BALI BALI 281 Bed Capacity 19 Bed Capacity 111 Operational Beds 18 Operational Beds 126 GP and Specialists 50 GP and Specialists 192 Nurses 66 Nurses Centre of Excellence : Treatment for tourists, Centre of Excellence : Treatment for tourists & Orthopedics, Cardiology & Emergency Emergency
SILOAM HOSPITALS ASRI BIMC NUSA DUA SOUTH JAKARTA BALI 42 Bed Capacity 39 Bed Capacity 42 Operational Beds 24 Operational Beds 105 GP and Specialists 46 GP and Specialists 83 Nurses 53 Nurses Centre of Excellence : Urology Centre of Excellence : Cosmetic Surgery & Emergency
23 26
New Hospitals
SILOAM HOSPITALS LABUAN BAJO SILOAM HOSPITALS SAMARINDA EAST NUSA TENGGARA EAST KALIMANTAN 124 Bed Capacity 34 Bed Capacity 60 Operational Beds 10 Operational Beds 25 GP and Specialists 34 GP and Specialists 62 Nurses 18 Nurses Centre of Excellence : Emergency Centre of Excellence : Emergency
SILOAM HOSPITALS BUTON SOUTHEAST SULAWESI 140 Bed Capacity 45 Operational Beds 30 GP and Specialists 72 Nurses Centre of Excellence : Emergency
24 27
Siloam Clinic
CYBER PARK KARAWACI
FAÇADE RECEPTION GP’s CONSULTATION ROOM
MERTANADI BALI
FAÇADE RECEPTION GP’s CONSULTATION ROOM
25 28
Completed Hospital in Yogyakarta
FAÇADE MAIN LOBBY
FRONT OFFICE OUT PATIENT DEPARTMENT 26 29
Completed Hospital in Bogor
FAÇADE MAIN LOBBY
EMERGENCY DEPARTMENT OUT PATIENT DEPARTMENT 27 30
Completed Hospital in Blu Plaza Bekasi
FAÇADE FRONT OFFICE
EMERGENCY OUT PATIENT DEPARTMENT
28 31
Hospitals Under Acquisition Process in Bekasi
FAÇADE FRONT OFFICE
LOBBY WAITING AREA OUT PATIENT DEPARTMENT
29 32
Hospitals under Acquisition Process in Mataram
FAÇADE FRONT OFFICE
IN PATIENT DEPARTMENT OUT PATIENT DEPARTMENT
30 33
For Completion in 2017
BANJARMASIN BATU LIPPO MALL BEKASI GRAND MALL KALIMALANG
LIPPO KUNINGAN MANADO KAIRAGI NINE RESIDENCE PALANGKARAYA
Current
GUNUNG SAHARI PLUIT VILLAGE SEMARANG HOO SURABAYA CITO
31 34
For Completion in 2017
BANGKA BELITUNG JEMBER
Dec 2015Current Current
LUBUK LINGGAU SORONG
32 35
PROGRESS IN LICENSING
In order to be able to fully commission a new hospital, we have to go through a licensing process involving local governments and provincial health departments. This process involves more than 40 licenses and can be summarized into 6 most critical licenses.
Hospital Certificate of Environmental License Building Permit Nuisance Operational Building Permit Proper Building (AMDAL) (IMB) Permit (HO) License (IO) (IMRS) Function (SLF)
Hospital AMDAL IMB HO IMRS SLF IO
Yogyakarta
Bekasi Blu Plaza
Bogor
Bangka
Lubuk Linggau
Jember
Sorong
Semarang Hoo
Bekasi Grand Mall
Banjarmasin
Gunung Sahari 33 DOMINANT POSITION IN RETAIL DEVELOPMENT & PROPERTY MANAGEMENT MANAGES 46 MALLS THROUGHOUT INDONESIA . 3.2 million sqm GFA . As of December 31, 2016 : Overall average occupancy 88% and 94% in LMIRT properties
LIPPO MALL PURI PX PAVILLION
LIPPO PLAZA JAMBI LIPPO PLAZA KEBUN RAYA BOGOR LIPPO PLAZA LUBUK LINGGAU
34 MANAGES 9 HOTELS THROUGHOUT INDONESIA . As of December 31, 2016 : Overall average occupancy 68%
HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA LIPPO VILAGE (192 rooms) JAKARTA (302 rooms) MEDAN (197 rooms) PEKANBARU (158 rooms) MANADO (200 rooms)
HOTELS UNDER ARYADUTA MANAGEMENT :
HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA HOTEL ARYADUTA SEMANGGI (274 rooms) MAKASSAR (224 rooms) PALEMBANG (169 rooms) BANDUNG (254 rooms) 35 ASSET MANAGEMENT
UNIQUE FOR AN INDONESIAN PROPERTY COMPANY
100% 100% 100% 100%
BOWSPRIT LMIR TRUST PT LIPPO MALLS PT ARYADUTA CAPITAL MANAGEMENT INDONESIA INTERNATIONAL CORPORATION 33.11% LTD 29.33% MANAGEMENT LTD
MALL HOTEL REIT MANAGER Code : FIRT REIT MANAGER Code : LMRT MANAGEMENT OPERATOR SERVICES
Management Fee Management Fee Management Fee Fees -Base fee : -Base fee : - 2% p.a. of the gross Fees consists of: 0.4% p.a. of the value of the Deposited Property. 0.25% p.a. of the value of the Deposited revenue of the retail malls. -Performance fee : Property. - 2% p.a. of the Net -- Management Fee : 5.0% p.a. of the Net Property Income. -Performance fee : Property Income of the 2% of total Revenue 4.0% p.a. of the Net Property Income. retail malls. -Investment & Divestment fee. -- Incentive Fee: -Investment & Divestment fee. - 0.5% p.a. of the retail 1.5% of GOP malls in lieu of leasing commission.
As of 31 December 2016 IN SINGAPORE IN INDONESIA
36 Managed by Bowsprit Capital Corporation Limited, First REIT’s portfolio consists of 18 properties located in Indonesia, Singapore and South Korea . Manages 13 Siloam Hospitals and 2 Aryaduta Hotels in Indonesia . As of December 31, 2016 : Annualised DPU : SGD 8.47 cents Dividend Yield (%) Share Price (SGD) Portfolio Size (SGD mn) 7,2 1,300 1.400 7,1 1,265 1.268 1.273 1,255 1,250 1.200 1.172 7,0 6,9 1.052 6,8 1,200 1,200 1.000 6,8 6,7 797 1,150 800 6,6
1,100 600 6,4 1,060 1,060 6,4 1,050 400
6,2 1,000 200
0,950 - 6,0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
37 MANAGES 20 RETAIL MALLS AND 7 RETAIL SPACES . As of December 31, 2016 : Annualised DPU: SGD 3.41 cents
Share Price (SGD) Portfolio Size (SGD mn) Dividend Yield (%) 0,6 2.500 12,0
0,49 0,5 10,0 9,7 2.000 1.949 9,2 1.841 1.836 1.753 0,42 8,1 7,83 0,4 0,37 8,0 0,34 1.500 1.412 0,32 6,0 0,3 6,0
1.000 0,2 4,0
500 0,1 2,0
0 - 0,0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
38 FINANCIAL PERFORMANCE BALANCE SHEET
AS OF 31 DECEMBER
Rp Trillion 2016 2015 2014 2013 2012
TOTAL ASSET 45.604 41.327 37.773 31.303 24.869 TOTAL LIABILITIES 23.529 22.410 20.152 17.142 13.399 TOTAL EQUITY 18.572 16.394 15.588 12.784 10.656
TOTAL DEBT 13.663 12.365 9.997 7.808 6.014 CASH AND CASH EQUIVALENTS 3.250 1.839 3.529 1.855 3.337
D/E RATIO (X)* 0.7 0.8 0.6 0.6 0.6 NET GEARING RATIO (X)* 0.6 0.6 0.4 0.5 0.3
Source : Company as of FY2016 40 DEBT MATURITY PROFILE
USD million Coupon rate Coupon rate Debt Profile 7% pa 6.75% pa 450
11% 400
10% 350
300 130.0 79% 250 410 200 425
150
USD Bank Loans 100 99.2 IDR Bank Loans 66.3 50 16.1 22.924 16.3 USD Bonds 0 2017 2019 2021 2022 2023 2026 Source: Company as of 31 December 2016 ICBC : Rp 70 bn (USD 5.2mn) BCA : Rp 0.9 bn (USD 0.07 mn) CTLI : Rp 76.4 bn (USD 5.7mn) BNI : Rp 270 bn (USD 20.1 mn) MUFG : Rp 38.9 bn (USD 2.9mn) Bonds Mandiri : Rp 70 bn (USD 5.2 mn) ICBC : Rp 100 bn (USD 7,5 mn) Mega : Rp 250 bn (USD 18.6 mn) CIMB Niaga : Rp 308.6 bn (USD 22.9mn) UBS –DB : Rp 672 bn (USD 50 mn)
BPD Kalimantan Timur : Rp 17.4 bn (USD 1.3mn) J Trust : Rp 218.9 bn (USD 16.3 mn) UBS-DB : Rp 873 bn (USD 65mn) 41 ATTRACTIVE ASSET VALUE
Ownership (%) Land Area (ha) Assets Value (Rp bn) URBAN DEVELOPMENT: Lippo Village 100 405 27.651 Lippo Cikarang 54,4 626 15.145 Tanjung Bunga 59,8 191 2.555 San Diego Hills 100 94 2.415 Micro Suburbs 100 20 324 SUB TOTAL1) 48.091 LARGE SCALE INTEGRATED DEVELOPMENT: City of Tomorrow (retail, apart, inv & hotel) 85 5 735 Kemang Village 92 8 2.132 St Moritz 100 11 7.038 11 New Projects 39 5.117 Others (land, retail space inv & other devt) 100 2.492 SUB TOTAL1) 17.513 RETAIL MALLS: 3 Malls 100 1.887 1 Appraised value as of Retail Space Inventory 100 714 31 Dec 2015 by: SUB TOTAL2) 2.601 - Rengganis Hamid & Partner (in stategic alliance with CB Richard HOTELS: Ellis) & 2 Hotels FREIT 682 - Ihot, Dollar & Raymond (an independent member of Baker Tilly Hotels 100 1.675 International) SUB TOTAL2) 2.357 2 Business Value : - Malls - 14.10% WACC REIT Units3) 5.834 - Hotels - 13.98% WACC 3) HOSPITALS 62,09 8.802 3 Market Cap as of 31 Dec 2016 ESTIMATED TOTAL ASSET VALUE 85.198 4 Financial Statement as of 31 Dec 2016 Add: Cash4) 3.250 Less: Debt4) 13.663 5 NAV/share (31 Dec 2016) = Rp 3,039 Less: Advances from Customers4) 4.648 ESTIMATED NAV 5) 70.137 42 PROPERTY MARKETING SALES
(in Rp bn) FY 2014 FY 2015 FY 2016 Budget 2017
Residential 3.723 3.039 972 2.294 Low Rise 1.046 1.129 573 623 High Rise 2.677 1.910 399 1.671
Commercial 550 127 - 339
Industrial 734 279 75 300
Unique Product SDH 173 178 154 216
Retail Space Inventory 5 - - -
Total Property Sales 5.185 3.623 1.201 3.149
Assets sold to REITS 3.330 - 938 6.849
Total Marketing Sales 8.515 3.623 2.139 9.998 43 APPENDICES LIPPO GROUP
REGIONAL PRESENCE IN CHINA, HONG KONG, An Indonesian Business Leader SINGAPORE, PHILIPPINES, KOREA, MACAU. Growing in Stewardship – Impacting Lives MYANMAR
INDONESIA
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PT Multipolar Technology Tbk (MLPT.IJ) PT Link Net Tbk (LINK.IJ)
FINANCIAL SERVICES
PT Lippo General Insurance Tbk (LPGI.IJ) PT Bank National Nobu Tbk (NOBU.IJ) 45 INDONESIA: ATTRACTIVE GROWING MARKET
Economic Indicators
2017 2015 2016 Assumption
Economic Growth (%) 4.8 5.02 5.1
Inflation Rate (%) 3.35 3.02 4.0
Exchange Rate (Rp/USD) 13,795 13,436 13,300
7 Day RR (%) 7.5 4.75 5.3
Oil Price (USD/bbl) 50 51 45
Oil Lifting (k bbl/day) 779 820 815 Source : Bank of Indonesia, Statistics Indonesia, World Bank
Indonesia : Stable as TOP 5 destinations 2014-2106
Source : Indonesia Investment Coordinating Board, BCG, UNCTAD 46 INDONESIA PROPERTY SECTOR HAS ROOM TO GROW
ASIA PACIFIC PROPERTY . Rapid urbanisation . Growing middle–class Price (USD/SQM) . Strong savings and income growth Hongkong 22.814 . Low mortgage penetration Singapore 15.251 . Property as investment India 11.455 . Improving regulatory environment Japan 10.784 . Banking innovation Taiwan 7.112 . Property prices cheapest in the region Thailand 3.952 . Highest yields in the region Phillipines 3.156 Cambodia 2.913 Indonesia 2.766 Rental Yield (%) Malaysia 2.616
Phillipines 7,51 Price per SQM/ GDP per Capita Indonesia 7,05 India 758,61 Cambodia 5,33 Cambodia 283,37 Thailand 5,13 Phillipines 113,08 Japan 5,02 Indonesia 78,8 Malaysia 4,57 Thailand 69,63 Singapore 2,83 Hongkong 60,11 Hongkong 2,82 Taiwan 33,99 India 2,22 Japan 28,03 Taiwan 1,57 Singapore 27,64 Malaysia 25,02 Source: Global Property Guide 47 PROPERTY FOREIGN OWNERSHIP
LAND TITLES AVAILABLE : 1. Freehold : may be held by Indonesian citizens only (not even by fully Indonesian- owned companies). 2. Right to Build (renewable leasehold) : may be held by Indonesian citizens and any company established in Indonesia for an initial 30 years. 3. Right to Use (renewable leasehold) : may be held by Indonesian citizens, any company and foreigner residence in Indonesia for an initial 30 years, extendable for another 20 years and renewable for another 30 years OPTIONS FOR FOREIGN OWNERSHIP : 1. Foreign residence in Indonesia can purchase property in own name under Right to Use title under Government Regulation no 103/2015 dated on 22 December 2015 and further reinforced by The Ministry of Agricultural and Spatial Planning /National Land Agency Regulation no 29/2016 dated on 19 Sept 2016 for certain minimum property value, which in Jakarta Province, a minimum Rp 10 bn for landed house and Rp 3 bn for condominium and subsequently much lower value for other areas. 2. Establish a company with approval for full or part foreign ownership (PMA company) to own the property. 3. Through Indonesian nominees, establish a locally owned company. 4. Use an Indonesian professional third party corporate nominee. 5. Private unregistered lease. 6. Establish a person to person arrangement with an Indonesian private individual who will personally own the property. 48 NEW BI REGULATION
New LTV Regulation takes effect in Aug 2016: Property Type First Mortage Second Mortgage Third Mortgage Old New Old New Old New Landed House Land > 70 sqm 80% 85% 70% 80% 60% 75% Land 22-70 sqm - - 80% 85% 70% 80% Apartment Area > 70 sqm 80% 85% 70% 80% 60% 75% Area 22-70 sqm 90% 90% 80% 85% 70% 80% Area < 21 sqm - - 80% 85% 70% 80% Shophouse - - 80% 85% 70% 80% Mortgage disbursement scheme for unbuilt properties: (applies to 1st and 2nd mortgage) Stages of disbursement Old New Signing of Mortgage 0% 0% Completion of Foundation 50% 40% Topping Off 30% 40% Hand-over 10% 10% Change of Title 10% 10% 49 OVERVIEW OF JAKARTA’S CONDOMINIUM MARKET
Source : Q4’2016 Market Review for Jakarta Jones Lang LaSalle Research 50 OVERVIEW OF JAKARTA’S RETAIL MARKET
Source : Q4’2016 Market Review for Jakarta Jones Lang LaSalle Research 51 OVERVIEW OF JAKARTA’S OFFICE MARKET - CBD AREA
Source : Q4’ 2016 Market Review for Jakarta Jones Lang LaSalle Research 52 OVERVIEW OF JAKARTA’S OFFICE MARKET – non CBD AREA
Source : Q4 ‘2016 Market Review for Jakarta 53 Jones Lang LaSalle Research Indonesia - Severely Underserved Healthcare Market Beds and Doctors
Beds Doctors /1,000 OECD Average = 4.93 /1,000 OECD Average = 3.14 population population 3,50 238,373 beds 3,00 (1) 70,655 doctors 2,79 v. Global: Shortage of 229,491 beds (1) (1) v. Global: Shortage of 267,000 doctors v. OECD: Shortage of 977,189 beds (1) 2,95 v. OECD: Shortage of 718,086 doctors 3,00 2,84 2,84 Global Average = 3.0 2,50 2,31
2,50 2,00 2,16 1,77 2,01 2,00
Global Average = 1.4 1,48 1,63 1,50 and 1,26 Lack of 1,50 Qualified Beds… Doctors… 1,02 1,00 0,97 1,00 0,74
0,50 0,50 0,30 0,31
0,00 (2) 0,00 (2) Indo India MY TH SG UK US China TH Indo India MY China SG US UK
• Indonesia’s bed to population ratio way below • Doctor to population ratio also way below global global average average • Ample opportunity for private healthcare • Ability to attract and retain doctors and specialists operators to fill the supply gap is a critical success factor for hospitals
54 INDONESIA HEALTHCARE LANDSCAPE
Population Growth Primary Care Accessibility
Now = 240 Million 2040 = 360 Million Now = 8,300 2040 = 12,000
Universal Coverage Health Spend
USD 20 Bn USD 640 Bn 58% 100% Coverage Coverage
Now= 140 Million 2017 = 264 Million Now = 2.5% of GDP (USD 800 Bn) 2040 = 8% of GDP (USD 8Tr)
Changing Disease Pattern Morbidity Per Capita Spend
35% 55% 1st 10 Years Succeeding 20 Years 45% 65% USD 82 60% 40% USD 1,780
Now Infection Life-Style 2017 Now 2040
55 MARKET DRIVERS & RESTRAINTS IN INDONESIA’S HEALTHCARE SECTOR
MARKET DRIVERS
A large Longer life population expectancy The Universal base with a and a epidemiological health booming population transition has insurance 2015 economy, pyramid presented coverage would give more emerging increasing Indonesia’s 2010 middle class towards the healthcare sector people access and rising older with a double to healthcare affluent population burden services
Shortage of Quality of Lost of healthcare healthcare domestic professionals professional spending in education Indonesia due to high level of 2015 outbound medical tourism 2010
©2012 KPMG Services Pte. Ltd (Registration No. 200003956 G), a Singapore incorporated company & a member firm of the KPMG network of indpendent member firms affiliated with KPMG international MARKET RESTRAINTS cooperative (“KPMG International”), a Swiss entity. All rights reserved.
56 HOSPITALS IN INDONESIA
No OWNER 31 Dec 10 31 Dec 11 31 Dec 12 31 Dec 13 31 Dec 14 31 Dec 15 31 Dec 16
1 MOH 31 32 32 33 34 36 33 2 PROVINCE 85 85 89 96 98 113 120 GOVERNMENT 3 MUNICIPAL 63 86 88 92 93 98 97 GOVERNMENT 4 DISTRICT GOVERNMENT 403 411 444 455 463 469 480 5 ARMY / POLICE 131 134 155 159 170 170 167 6 OTHER MINISTRIES / 79 80 79 79 79 79 77 PUBLIC COMPANIES 7 PRIVATE 840 893 1,179 1,314 1,472 1,525 1,627 TOTAL 1,632 1,721 2,066 2,228 2,409 2,490 2,601
Source : Ministry of Health
57 COMPARISON HEALTH STATISTICS
Indonesia Vietnam Malaysia Singapore South Korea India China Australia USA UK Hospital beds per 10,000 pops 9 20 19 20 103 7 38 39 29 29 Physician per10,000 pops 2 12 12 20 21 7 15 33 25 28 Health Profesionals per 10,000 pops 16 24 45 77 72 24 32 139 123 116 Life expectancy at birth (years) 69 76 75 83 82 68 76 83 79 81 IMR per 1,000 live birth 14 11 4 1 2 28 6 2 4 2 MMR per 100,000 live birth 126 54 40 10 11 174 27 6 14 9 % Government Expenditure 39 42 55 40 53 32 56 67 47 84 % Private Expenditure 61 58 45 60 47 68 44 33 53 16 Healthcare Spend as % of GDP 3 6 4 5 7 4 6 9 17 9 Per capita total expenditure on healthcare (USD) 293 308 938 3.578 2.398 215 646 4.191 9.146 3.311
Physicians per 10,000 pops Total Healthcare Spending as % of GDP Australia 32,7 USA 17,1 UK 28,1 Australia 9,4 USA 24,5 UK 9,1 South Korea 21,4 South Korea 7,2 Singapore 19,5 Vietnam 6,0 China 14,9 China 5,6 Malaysia 12,0 Singapore 4,6 Vietnam 11,9 Malaysia 4,0 India 7,0 India 4,0 Indonesia 2,0 Indonesia 3,1
Source : World Bank, WHO 2016 58 LIPPO KARAWACI’S MILESTONES
May December March Corporate Actions October April November Non Pre- 3rd Rights Issue LPKR placed 82.5 mn August emptive Rights USD150 mn bonds of 4.32 bn new USD 100 mn bonds SILO shares or 7.1% of LMIRT was listed Issuance issuance, at the rate of shares at issuance, at the rate total shares outstanding Stock Split in SGX, sponsored of 1.45 bn new 7% p.a. offered at par Rp 550/share, of 7% p.a. offered for total proceed of 1 for 2 by the Company shares at February at 105.25%, due Rp 858bn due 2022 May Rp 660/share, 2019 st March 1 Rights Issue November June of 607.8 mn USD 270 mn March May USD 250 mn February shares at Total 1,055 mn bonds issuance, bonds issuance, USD 150 mn LPKR placed 92.8 mn Initial Public Rp 500/share, warrants are fully at the rate of USD 125 mn at the rate of bonds issuance, SILO shares or 8% of total Offering of issued & listed exercised, 9% p.a. bonds issuance, 8.875% p.a. at the rate of 7% shares outstanding for total 30.8 mn on the JSX & generating total Issue price at the rate of 9% issue price 100%, p.a. offered at proceed of shares SSX cash of Rp 923 bn 100%, p.a. offered at due 2011 due 2015 108%, due 2015 99.32%, due 2019 Rp 1.14 trillion
1996 1998 2005 2006 2007 2010 2011 2012 2013 2014 2015 2016
January August December November October January December USD 130 mn bonds USD260 mn 2nd Rights Issue Stock Split 1 USD273.3 mn USD425 mn The listing of issuance, at bonds issuance, for 2.5 Debt Exchange bonds issuance, of 881.9 mn First REIT on the rate of at the rate of at the rate of 7% at the rate of new shares at the SGX, 6.125% p.a. 6.125% p.a. p.a. offered at 6.75% p.a. due Rp 1,050/share offering 271.4 offered at due 2020 103.75%due 2026, to redeem mn units at 104.4%, due 2022, to redeem 2020 bonds price of 2020 2019 bonds SGD 0.71/unit September August SILO successfully Rp 2.2 tn equity deal listed in IDX at of which CVC invested Rp 9000/share, 15% stake in SILO valuing Siloam and participated in at USD 1 billion SILO right issue 59 LIPPO KARAWACI’S MILESTONES
Corporate Developments July August January October May Launched January Launched Launched July Opened Px Pavilion at Launched St Moritz Holland Village Kemang Village, Holland Village St Moritz, as part of Panakukang, an integrated Second Phase Started a large scale Office Tower in Merger of 8 integrated development development in the city 190 condo Lippo integrated dev’t. Central Jakarta property- in West Jakarta center of Makassar Units in Village in South Jakarta June related Central Jakarta October Township companies, January January March August Started in October Launched November November Established Tanjung Property, Launched The Company formalised its 6 Launched Hillcrest House Launched Launched Irvine under the Bunga Healthcare & San Diego BU : Urban Devt, Large Scale Started Embarcedero, an and Faiview Embarcadero Suites as part of name Township Hospitality Hills Integrated, Healthcare, Retail Lippo integrated Tower as part Eastern Wing, Orange County, PT Tunggal business Memorial Malls, Hospitality & Infras, and Cikarang development in of Millenium 156 condo units a new CBD in Reksakencana Park Property & Portfolio Mgmt. Township Bintaro, South Jakarta Village (new in South Jakarta Lippo Cikarang CBD in LV)
1990 1993 1997 2004 2007 2009 2014
2002 2005 2008 2012 2013 2015 2016
March December November September August August May June September Launched Launched rd Launched Holland Launched Launched Launched The Launched Holland Village, Pasadena 3 Launched Village Manado Glendale Newport Launched St.Moritz, a large Nine a large scale tower in Orange City of the landed house Park, the Park, the its first retail scale integrated Residence , integrated County, Tomorrow development in fifth tower sixth tower strata-titled development in a large scale development in a new CBD in (CITO), its Manado, North in Orange in Orange project, and West Jakarta integrated Central Jakarta Lippo Cikarang first large Sulawesi County County followed by scale development 7 others integrated in North May October development December Kemang Launched Monaco June Launched Lippo in Surabaya Opening of Jakarta Bay the first Sold Burbank, Thamrin, an Pejaten integrated 4th tower in Office Tower in Village, its first development in Orange County CBD Jakarta leased mall, in Manado, North to single South Jakarta Sulawesi Japanese 60 investor LATEST AWARDS
Lippo Karawaci received Lippo Karawaci received Lippo Cikarang received Lippo Karawaci Certificate Appreciation Lippo Cikarang received Award 100 Fastest Award 100 Fastest US$260 million selected by Analysts in 2017 Lippo Cikarang received award Certificate Appreciation Growing Companies 2017 Growing Companies 2017 re-opening senior notes (from Association of The winner of Indonesia most from West Java Governor as its from Infobank Magazine from Infobank Magazine has won the Best Indonesian Securities Analyst innovative business award 2017 partner in developing West for property company for property company Corporate Bond and CSA Institute) for category property and real estate Java province through the with assets > Rp 10 trillion (from Warta Ekonomi Magazine) company’s CSR programs with assets Rp 5-10 trillion In Indonesia 2016 (from Asset Triple A)
Siloam Hospitals received Lippo Cikarang received Lippo Karawaci received Siloam Hospitals received Lippo Ckarang received 2016 Indonesia Healthcare Trifecta Award 2016 Two Indonesia Property three awards Indonesia WOW Lippo Karawaci included in Top 50 Best of the Best Services Provider of the Year. for winning three Award 2016 Service Excellence Award 2016 for Top 50 Public Listed Companies Indonesian Company This is the fifth time Siloam is years in a row for St Moritz Makassar SH National, SH Manado and SH for implementing Good Award 2016 recognized as the best healthcare (from Forbes Magazine) and Embarcadero Park Balikpapan. SH Manado received Corporate Governance (from Forbes Magazine) services provider in Indonesia (from Hans Grohe and the award for 3 consecutive years (from Indonesian Institute for (from Frost & Sullivan) Properti Guru Group) (from Mark Plus Inc) Corporate Directorship) 61 SHARE PRICE PERFORMANCE
Closing Price (Rp) Volume (Shares) 1.800 1.000.000.000 1.700 1.600 900.000.000 1.500 1.400 800.000.000 1.300 700.000.000 1.200 1.100 600.000.000 1.000 900 500.000.000 800 700 400.000.000 600 500 300.000.000 400 200.000.000 300 200 100.000.000 100 - - Jan- Jun- Jan- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- 06 06 07 07 07 08 08 09 09 10 10 11 11 12 12 13 13 14 14 15 15 16 16 (LPKR.JK ; LPKR IJ)
Average Daily Trading Value Jan’16 – Dec’16 (in USD) Market Cap as of 31 Dec 2016 in Comparison with Peers 8.000.000 2.514 (in USDmn) 7.000.000 6.000.000 2.025 5.000.000 1.533 1.423 4.000.000 1.237 3.000.000 2.000.000 515 1.000.000 320 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Lippo Bumi Serpong Pakuwon Jati Ciputra Summarecon Alam Sutra Agung 16 16 16 16 16 16 16 16 16 16 16 16 Karawaci Damai Development Agung Podomoro
Source : Indonesia Stock Exchange 62 TOP 20 LISTED COMPANIES BY TRADING VALUE
20 Most Active Stocks by Trading Value
Total Trading Trading No. Listed Stocks Volume Value (Rp) % Freq. (X) Days 1, Bank Central Asia Tbk. 17.791.387.737 263.860.097.401.413 14,30 980.756 246 2, Telekomunikasi Indonesia (Persero) Tbk. [S] 30.494.088.012 115.531.416.966.176 6,26 1.692.356 246 3, Astra International Tbk. [S] 12.076.027.892 88.028.639.742.998 4,77 1.131.227 246 4, Bank Rakyat Indonesia (Persero) Tbk. 7.679.178.846 86.254.545.547.848 4,68 1.248.193 246 5, Bank Mandiri (Persero) Tbk. 7.674.181.249 78.309.786.758.918 4,25 1.072.856 246
6, Hanson International Tbk. 213.728.416.999 50.491.806.281.346 2,74 593.946 246 7, Bank Negara Indonesia (Persero) Tbk. 8.141.232.543 42.166.091.969.693 2,29 951.240 246 8, Matahari Department Store Tbk. [S] 2.118.125.153 37.376.671.808.245 2,03 1.001.276 246 9, Perusahaan Gas Negara (Persero) Tbk. [S] 13.419.994.675 36.581.856.683.074 1,98 1.153.354 246 10, Gudang Garam Tbk. 408.289.193 26.536.617.613.424 1,44 724.328 246 11, Unilever Indonesia Tbk. [S] 611.068.595 26.107.605.016.872 1,42 712.478 246 12, Saw it Sumbermas Sarana Tbk. [S] 14.740.184.610 25.571.451.532.422 1,39 949.513 246 13, United Tractors Tbk. [S] 1.434.463.239 25.348.686.090.637 1,37 846.632 246 14, Aneka Tambang (Persero) Tbk. [S] 35.906.246.652 24.491.599.658.911 1,33 870.505 246 15, Semen Indonesia (Persero) Tbk. [S] 2.453.812.588 24.454.633.475.090 1,33 754.371 246
16, Indofood Sukses Makmur Tbk. [S] 3.083.044.436 23.324.491.289.049 1,26 640.581 246 17, HM Sampoerna Tbk. 2.985.126.861 22.739.510.801.919 1,23 676.043 246 18, Waskita Karya (Persero) Tbk. [S] 9.430.184.394 22.325.624.352.890 1,21 772.860 246 19, Lippo Karawaci Tbk. [S] 21.170.447.717 20.524.094.279.323 1,11 953.908 246 20, PP Properti Tbk. [S] 31.311.156.506 19.582.342.779.998 1,06 652.282 246 Source : IDX 63 INVESTOR RELATIONS
Mark Wong (Executive Director) email :[email protected]
Address : Menara Matahari, 22nd Floor 7 Boulevard Palem Raya Lippo Village Tangerang 15811 Banten – Indonesia telp.+62 21 25669000 fax. +62 21 25669098 website : www.lippokarawaci.co.id
64 DISCLAIMER
This presentation has been prepared by PT Lippo Karawaci Tbk (“LPKR”) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of LPKR. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. LPKR disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this presentation and neither LPKR nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this presentation and any inaccuracy herein or omission here from which might otherwise arise.
Forward-Looking Statements The information communicated in this presentation contains certain statements that are or may be forward looking. 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 uncertainties that could cause actual events or results to differ materially from those described in this presentation. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for LPKR’s developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; LPKR’s ability to be and remain competitive; LPKR’s financial condition, business strategy as well as the plans and objectives of LPKR’s management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although LPKR believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and LPKR undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.