Right Place, Right Time, Right Company
Total Page:16
File Type:pdf, Size:1020Kb
Right Place, Right Time, Right Company PT Lippo Karawaci Tbk Q1 2015 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 - 28 FINANCIAL PERFORMANCE 29 - 34 APPENDICES 35 - 54 CORPORATE STRUCTURE LIPPO RELATED COMPANIES PUBLIC 25.40% 74.60% As of 31 Mar 2015 No. of Outstanding Shares : 23,077,689,619 Code : LPKR.JK ; LPKR IJ DEVELOPMENT REVENUE RECURRING REVENUE ASSET TOWNSHIPS LARGE INDUSTRIAL OFFICE HOSPITALS COMMERCIAL MANAGEMENT SCALE AND PROJECTS INTEGRATED COMMERCIAL DVPT PROPERTIES • Siloam • Retail Malls • REIT, Mall & Hospitals Hotel • Aryaduta Hotels Management • Town Management Services, Leisure and Restaurants 01 LARGEST & MOST INTEGRATED PROPERTY COMPANY Largest listed property Company by Revenue and Total Assets. Revenue and Total Assets for Q1’2015: USD187 million and USD 3 billion, respectively. Fastest growing Indonesian real estate group market cap grew by more than 10x to USD 2.4 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 (BB- 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, Kompas-100, ISSI, MNC-36, and Investor-33. Strong International Partners and Shareholders. Multi Award winning Developer. 1As of March 31, 2015 2Affirmed on March 3, 2015 3Affirmed on April 1, 2015 4Affirmed on April 29, 2015 02 FOUR BUSINESS DIVISIONS RESIDENTIAL AND ASSET URBAN DEVELOPMENT HOSPITALS COMMERCIAL MANAGEMENT Development rights: 20 hospitals with more Malls: Manages 2 public than 4,700 beds capacity listed REITs in SGX : 8,058 ha Own and/or manage under the Siloam 41 malls First REIT & LMIRT Hospitals network. (GFA of 3.1 million sqm) Land already acquired: 46 hospitals in the 15 malls in the pipeline USD2.2 billion Assets 4,855 ha pipeline (Target: 50 Under Management hospitals and 10,000 beds capacity by 2017) Hotels: Landbank Inventory: Own and/or manage 1,279 ha 8 hotels with 1,664 National and rooms International (JCI) accreditation 10 upscale hotels and 40 midscale hotels in the pipeline 03 REVENUE & EBITDA CONTRIBUTION REVENUE EBITDA Q1’15: Rp2.447 Trillion Q1’15: Rp736 Billion 21% 40% 47% 9% 63% 7% 7% 6% Residential & Urban Development Commercial Hospitals Asset Management Source : Company as of Q1’2015 04 INCOME STATEMENTS : Q1’2015 AND Q1’2014 REVENUE Q1’15: RP 2,447 TRILLION 22% EBITDA Q1’15: RP 736 BILLION 23% REVENUE Q1’14: RP 1,998 TRILLION EBITDA Q1’14: RP 596 BILLION Rp bn Rp bn 1.400 1.160 1.200 500 461 951 976 450 1.000 400 359 350 800 751 300 600 250 200 156 400 150 110 176 100 65 74 200 135 145 151 54 53 50 - - - Residential & - Healthcare - Commercial - Asset Management - Residential & - Healthcare - Commercial - Asset Management Urban Development Urban Development NPAT Q1’15: RP417 BILLION 23% Source : Company as of Q1’2015 NPAT Q1’14: RP339 BILLION 05 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 Balikpapan KALIMANTAN SULAWESI MALUKU Siloam Hospitals Jambi PAPUA Palembang Square St Moritz Panakukang PSx Mall Lippo Plaza Buton Siloam Hospitals Palembang Projects in Greater Jakarta Aryaduta Hotel Palembang Palembang Icon Mall Siloam in Greater Jakarta (8) Tanjung Bunga Township Malang Town Square Siloam Hospitals Makassar Bandung Indah Plaza JAVA GTC Makassar Istana Plaza Siloam Hospitals Purwakarta Lippo Plaza Kupang City of Tomorrow, Surabaya Siloam Hospitals Surabaya Siloam Hospitals Kupang Siloam Hospitals Nusa Dua, Kuta, Sunset (Bali) Residential & Urban Development Lippo Plaza Sunset Hospitals Lippo Mall Kuta Retail Malls Hotels 06 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 Lippo Village Township Aryaduta Hotel Semanggi Benton Junction Embarcadero Bintaro The Plaza Semanggi Grand Mall Bekasi Millenium Village (LV new CBD) Blu Plaza Bekasi Siloam Hospitals Lippo Village SOUTH JAKARTA Kemang Village Siloam General Hospitals Lippo Mall Kemang The Nine Residence Aryaduta Hotel & Country Club WTC Matahari San Diego Hills Memorial Park Royal Serpong Village Kramat Jati Indah Plaza Lippo Cikarang Township Siloam Hospitals TB Simatupang Orange County (LC new CBD) BANTEN Siloam Hospitals Cinere Tamini Square Siloam Hospitals Lippo Cikarang PROVINCE Siloam Hospitals Asri EAST Lippo Cikarang Mall Pejaten Village JAKARTA Lippo Maxxbox Cikarang 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 Mall TOLL ROAD Park View Apartments 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: Theo L. Sambuaga Surjadi Soedirja Agum Gumelar Tanri Abeng Farid Harianto H. Sutiyoso Muladi Viven Sitiabudi Chairman Vice Chairman BOARD OF DIRECTORS: Ketut Budi Wijaya Tjokro Libianto Johanes Jany President Director Stephen Choo Jenny Kuistono Rahmawaty Ninik Nathan Alwi Sjaaf SENIOR EXECUTIVES BUSINESS UNITS: Romeo Lledo MC Loh Ivan Budiono 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. other types of property innovative medical packages developments, i.e. office. that meet the needs of our HOTELS growing middle class. Increase market share and 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 284 ha Planned Development Development Period Residential Total Towers Built > 70 3 Phase Population Jobs Houses > 9,871 Est. Building GFA > 6 mn sqm > 58,422 48,600 Condos > 1,120 - Residential > 2 mn sqm Shophouses > 1,190 - Medical City > 400,000 sqm - Commercial (Retail +Office)> 600,000 sqm - Mixed Use > 3 mn sqm 113.5 km roads built, 56,850 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 Artist Impression Landbank inventory Development Rights Land already acquired Total Area Development Area Open Area 159 ha Residential 887 ha 981 ha 280 ha 236 ha 44 ha Industrial 2,364 ha 1,776 ha 289 ha