Right Place, Right Time, Right Company
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Right Place, Right Time, Right Company PT Lippo Karawaci Tbk 9M 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 - 36 FINANCIAL PERFORMANCE 37 - 41 APPENDICES 42 - 62 CORPORATE STRUCTURE LIPPO RELATED COMPANIES CREDIT SUISSE AGSG TRACCL MPU PUBLIC 25.46% 5.25% 69.29 % As of 30 Sept 2016 No of Outstanding Shares : 23,077,689,619 Code : LPKR.JK ; LPKR IJ 61,8% 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 9M’2016: USD 571 million and USD 3.5 billion, respectively. Fastest growing Indonesian real estate group market cap grew by more than 9x to USD 1.8 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 September 30, 2016 2Affirmed on October 24, 2016 3Affirmed on October 27, 2016 4Affirmed on October 18, 2016 02 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 44 malls First REIT & LMIRT Hospitals network. (GFA of 3.2 million sqm) Land already acquired: 43 hospitals in the 14 malls in the pipeline USD2.2 billion Assets 4,943 ha pipeline Under Management Hotels: Landbank Inventory: National and Own and/or manage Town Management 1,328 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 9M’16: Rp7,425 Trillion 9M’16: Rp1,701 Trillion 32% 41% 28% 52% 9% 17% 7% 14% Residential & Urban Development Commercial Hospitals Asset Management Source : Company as of 9M’2016 04 INCOME STATEMENTS: 9M’2016 AND 9M’2015 REVENUE 9M’16: RP 7,425 TRILLION EBITDA 9M’16: RP 1,701 TRILLION REVENUE 9M’15: RP 6.759 TRILLION EBITDA 9M’15: RP 1,815 TRILLION Rp bn Rp bn 4.500 1.200 1.056 4.000 3.824 1.000 3.500 2.771 3.013 3.000 800 2.412 702 2.500 600 2.000 482 412 1.500 400 280 1.000 651 237 538 440 535 184 163 500 200 - - - Residential & - Healthcare - Commercial - Asset - Residential & - Healthcare - Commercial - Asset Urban Management Urban Management Development Development NPAT 9M’16: RP 665 BILLION Source : Company as of 9M’2016 NPAT 9M’15: RP 66 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 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 (8) Tanjung Bunga Township Palembang Icon Mall Malang Town Square Siloam Hospitals Makassar Bandung Indah Plaza JAVA GTC Makassar Istana Plaza 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 Benton Junction Embarcadero Bintaro The Plaza Semanggi Grand Mall Bekasi Millenium Village (LV new CBD) SOUTH JAKARTA Blu Plaza Bekasi 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 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: BOARD OF DIRECTORS: Theo L. Sambuaga Surjadi Soedirja Agum Gumelar Ketut Budi Wijaya Tjokro Libianto Lee Heok Seng* Chairman Vice Chairman President Director Farid Harianto H. Sutiyoso Muladi Jenny Kuistono Johanes Jany Alwi Sjaaf SENIOR EXECUTIVES BUSINESS UNITS: Richard Setiadi* Chan Chee Meng* Romeo Lledo Toto Bartholomeus Edward Ng Anthony Ross * New appointees on 2016 AGM 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 > 59,405 48,664 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, 59,572 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 Westwood