PT CIPUTRA DEVELOPMENT TBK
BUSINESS PRESENTATION December 2011
Corporate Structure
CIPUTRA PUBLIC/ RELATED CO. OTHERS
42% 58% PT CIPUTRA DEVELOPMENT TBK (15,165,815,994 shares @ Rp 250)
Listed on IDX Listed on IDX
7.27% 99.99% 99.99% 99.99% 99.89% 62.66% 54.72% International City PT CIPUTRA PT CIPUTRA GRAHA PT CIPUTRA SURYA PT CIPUTRA PT CIPUTRA RAYA PT CIPUTRA INDAH Development Pte. RESIDENCE MITRA TBK PROPERTY TBK SEJAHTERA & Subsidiaries Ltd. & Subsidiaries & Subsidiaries & Subsidiaries & Subsidiaries
Ciputra Hanoi CitraRaya Hospital CitraRaya CitraGarden CitraIndah CitraLand Ciputra Mall & Hotel International City Tangerang Tangerang Banjarmasin Jonggol Surabaya Jakarta
Grand Phnom Penh CitraGarden City CitraLand CitraLand Ciputra Golf Ciputra Mall & Hotel International City Jakarta Banjarmasin Pekanbaru Surabaya Semarang
Grand Shenyang CitraGrand City CitraLand City Ciputra World Somerset Apt Surabaya Internaional City Palembang Samarinda Jakarta CitraHarmoni Citra BukitIndah Sidoarjo Ciputra World Balikpapan Jakarta CitraGarden CitraLand Celebes Sidoarjo DIPO Business Center Makassar Jakarta The Taman Dayu CitraGarden Pandaan Makassar CTRP Group CitraGarden CitraGreen Dago Lampung Bandung CitraSun Garden Semarang CitraLand NGK Jambi CitraLand Kendari CitraGarden Pekalongan CitraLand Denpasar
CTRS Group PT Ciputra Development Tbk - Business Presentation 02 Corporate Milestone
Capital raising & corporate actions STRENGTHENING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION………
1994 : IPO and listing on JSX 1997 : Economic crisis hit 2006 : Indonesia. Start of debt restructuring - Issuance of 2.3 billion shares 1995 : Issuance of Notes (USD 100 million) process without pre-emptive rights in relation with debt settlement process 1996 : 1999 : PT Ciputra Surya Tbk - Rights Issue II - Rights issue I (CTRS)’s listing on JSX - Listing on SSX 2007 : IPO of PT Ciputra Property Tbk (CTRP) - Issuance of bond (Rp 150 billion) 2000 : Bonus shares distribution - Issuance of TLCF (USD 25 million) (Transferrable loan certificate facility) 1981 1984 – 1996 1997 – 2005 2006 – Present Establishment Growth Restructuring Expansion Developed and launched: Developed and launched: 1984 : CitraGarden City , our first 2005 : Launched CitraGarden 2007 : Ciputra World Surabaya project, in West Jakarta Lampung in Sumatra and CitraGarden 2008 : Ciputra World Jakarta Established under Banjarmasin in Kalimantan, marking 2009 : CitraLand Celebes in Makassar, our the name of PT 1993 : the beginning of business expansion first project in Sulawesi outside of Java Citra Habitat - CitraLand ,our first and largest township 2010 : CitraGarden Makassar, CitraGreen Indonesia project in Surabaya, Dago Bandung, - Ciputra Mall & Hotel Jakarta, our first CitraSun Garden Semarang, CitraLand commercial project, 2011 : NGK Jambi, CitraLand Pekanbaru, CitraLand Kendari, CitraGarden Pekalongan, DIPO : CitraRaya Tangerang, our largest 1994 Business Center , and CitraLand Denpasar township development project, covering an area more than 2,700 ha Current profile: With more than 30 projects, CTRA is now one of the largest and most diversified property companies in Indonesia Project development MORE THAN 25 YEARS EXPERIENCE ………
PT Ciputra Development Tbk - Business Presentation 03 Core Business
Residential Development Commercial Property Development & Management (Selling Income) (Recurring Income)
Township Development Residential Project Condominium Shopping Mall Hotel Serviced Apartment Others* Currently developing over 5,000 ha land and successfully sold over 63,000 Successfully developed 3 malls ( 118,000 sqm ), 2 hotels( 528 rooms ); residential units a serviced apartment ( 203 units) and a 27-hole golf course.
*Golf course and water parks
REVENUES CONTRIBUTION
81% 72% 77% 28% 23% 19%
2009 2010 3Q 2011
PT Ciputra Development Tbk - Business Presentation 04 Competitive Strength
BUSINESS PROSPECT
Increase in Change in Low Potential Government Stable Urbanization housing customers’ mortgage economic stimulus political trends needs lifestyle rate growth plan outlook
We are well positioned in Indonesia’s Focus on real estate business property outlook through Steady launch and development of pipeline projects the following factors:
Reputable brand & experienced management team Most diversified in target markets, products offered & project locations
Large land bank at prime locations to support future growth
PT Ciputra Development Tbk - Business Presentation 05 Geographic Reach Indonesia
CitraLand CitraLand NGK CitraGrand City CitraGarden Citra BukitIndah CitraLand Celebes CitraLand CitraGarden
CitraLand City CitraLand projects in 19 cities
SUMATRA Pekan Baru KALIMANTAN Samarinda
Jambi Balikpapan
Palembang Banjarmasin Kendari
B. Lampung Makassar
Jakarta Pekalongan CitraGarden Tangerang Bogor Semarang Surabaya Bandung JAVA Sidoarjo Pandaan CitraGarden City Denpasar CitraRaya CitraGreen Dago CitraIndah
Ciputra Mall & Hotel CitraGarden Somerset Grand Citra Ciputra World CitraLand Ciputra Mall & Hotel Citra Raya Hospital CitraHarmoni CitraLand DIPO Business Center CitraGarden CitraSun Garden CitraIndah Townships & The Taman Dayu 23 residential projects
Ciputra Golf Commercial Ciputra World 8 property projects
PT Ciputra Development Tbk - Business Presentation 06
Project Site Greater Jakarta
PT Ciputra Development Tbk - Business Presentation 08 CTRA Projects
CitraGarden City Jakarta
Location : Kalideres, West Jakarta Launch : 1984 Development plan : 450 ha Developed area : 344 ha Market segment : Middle-up Unit sold : 9,223 units Others : Our first and largest residential project in West Jakarta, near the airport PT Ciputra Development Tbk - Business Presentation 09 CTRA Projects
CitraRaya CitraIndah Tangerang Jonggol
Location : Tangerang, West of Jakarta Launch : 1994 Location : Jonggol, South of Jakarta Development plan : 2,760 ha Launch : 1997 Developed area : 730 ha Development plan : 550 ha Market segment : Middle-low Developed area : 328 ha Unit sold : 21,940 units Market segment : Middle-low Others : Our largest township Unit sold : 14,984 units development in terms of land Others : City of Nature, offering a bank beautiful and refreshing environment to residents
PT Ciputra Development Tbk - Business Presentation 10 CTRA Projects
CitraGarden CitraLand Banjarmasin Banjarmasin Location : Banjarmasin, South Kalimantan Launch : September 2005 Development plan : 10 ha Developed area : 10 ha Market segment : Middle-up Unit sold : 220 units Others : Our first project in Kalimantan. A joint operation project.
Location : Banjarmasin, South Kalimantan Launch : November 2009 Development plan : 40 ha Developed area : 17 ha Market segment : Middle income Unit sold : 450 units Others : Extension of CitraGarden Banjarmasin. A joint operation project
PT Ciputra Development Tbk - Business Presentation 11 CTRA Projects
CitraLand City Citra BukitIndah Samarinda Balikpapan
Location : Balikpapan, East Kalimantan Launch : May 2008 Location : Samarinda, East Kalimantan Development plan : 21 ha Launch : June 2007 Developed area : 10 ha Development plan : 93 ha Market segment : Middle-up Developed area : 29 ha Unit sold : 233 units Market segment : Middle-up Others : A joint operation project Unit sold : 390 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 12 CTRA Projects
CitraGrand City Palembang Location : Palembang, South Sumatra Launch : August 2008 Development plan : 160 ha Developed area : 11 ha Market segment : Middle income Unit sold : 579 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 13 CTRA Projects
CitraLand Celebes CitraGarden Makassar Makassar
Location : Makassar, South Sulawesi Launch : March 2009 Development plan : 30 ha Location : Makassar, South Sulawesi Developed area : 16 ha Launch : May 2010 Market segment : Middle-up Development plan : 15 ha Unit sold : 446 units Developed area : 4 ha Others : Our first project in Sulawesi. Market segment : Middle income A joint operation project Unit sold : 365 units Others : Extension of CitraLand Celebes. A joint operation project
PT Ciputra Development Tbk - Business Presentation 14 CTRA Projects
CitraGreen Dago Bandung
Location : Dago Atas, North of Bandung Pre-launch : August 2010 Development plan : 70 ha Developed area : 5 ha Market segment : Middle-up Unit sold : 37 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 15 CTRA Projects
CitraLand NGK Jambi NEW
Location : Kota Baru Jambi, south west of Jambi Launch : January 2011 Development plan : 35 ha Developed area : 8 ha Market segment : Middle and middle-up Units sold : 40 units Others : A joint venture project. To become the first green housing in community
PT Ciputra Development Tbk - Business Presentation 16 CTRA Projects
CitraLand Pekan Baru NEW
Location : Pekanbaru, Riau Launch : February 2011 Development plan : 20 ha Developed area : 5 ha Market segment : Middle-up Units sold : 163 units Others : A joint venture project.
PT Ciputra Development Tbk - Business Presentation 17 CTRA Projects
CitraGarden Pekalongan NEW
Location : Pekalongan, Central Java Launch : June 2011 Development plan : 10 ha Units sold : 8 units Market segment : Middle-up Others : A joint operation project.
PT Ciputra Development Tbk - Business Presentation 18 CTRA Projects
Ciputra Hospital Tangerang
CTRA has developed a general hospital in Tangerang, within CitraRaya. The hospital consists of 126 wards. Total investment : IDR 100 billion Total area : 1.2 ha Start Construction : 2H 2010 Start Start operation : 1 November 2011 Others : Our first healthcare project
PT Ciputra Development Tbk - Business Presentation 19 CTRS Projects
CitraLand Surabaya
Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 650 ha Market segment : Middle-up Unit sold : 11,967 units Others : Our largest township development in Surabaya
PT Ciputra Development Tbk - Business Presentation 20 CTRS Projects
CitraHarmoni CitraGarden Sidoarjo Sidoarjo
Location : Sidoarjo, South of Surabaya Launch : August 2005 Location : Sidoarjo, South of Surabaya Development plan : 26 ha Launch : 1997 Developed area : 26 ha Development plan : 332.5 ha Market segment : Middle income Developed area : 45 ha Unit sold : 846 units Market segment : Middle income Others : A joint venture project Unit sold : 1,626 units Others : -
PT Ciputra Development Tbk - Business Presentation 21 CTRS Projects
CitraIndah The Taman Dayu Sidoarjo Pandaan Location : Sidoarjo, South of Surabaya Launch : Mar 2010 Development plan : 2 ha Developed area : 2 ha Market segment : Middle-up Unit sold : 60 unit Others : A joint venture project.
Location : Pandaan, South of Surabaya Launch : August 2005 (relaunched) Development plan : 600 ha Developed area : 202 ha Market segment : Middle income Unit sold : 704 units Others : A joint operation residential & resort development.
PT Ciputra Development Tbk - Business Presentation 22 CTRS Projects
CitraGarden Ciputra Golf Lampung Surabaya
Location : Bandar Lampung, South of Sumatra Launch : February 2005 Located in CitraLand Surabaya, Ciputra Golf and Family Club is a 100 ha Development plan : 57 ha complex, which consists of a 27-hole golf course, club Developed area : 47 ha house, restaurant, meeting hall, hotel, fitness and sport center. Market segment : Middle to middle-up Unit sold : 988 units Ciputra Golf is one of the biggest and most popular golf courses in Others : Our first project developed in Sumatra Surabaya. It often hosts many local and international golf tournaments.
Currently, the Golf course has sold 1,910 memberships. Note: calculation of members between June – September are of members as opposed to PT Ciputra Development Tbk - Business Presentation memberships sold. 23 CTRS Projects
CitraSun Garden Semarang NEW
Location : Semarang, Central Java Launch : January 2011 Development plan : 17 ha Developed area : 5 ha Market segment : Middle Units sold : 50 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 24 CTRS Projects
CitraLand Kendari NEW
Location : Kendari, South East Sulawesi Launch : March 2011 Development plan : 15 ha Developed area : 5 ha Market segment : Middle and middle-up Units sold : 174 units Others : A joint operation project. To become a LifeStyle Center in Kendari
PT Ciputra Development Tbk - Business Presentation 25 CTRS Projects
CitraLand Denpasar NEW
Location : Denpasar, Bali Launch : August 2011 Development plan : 18 ha Market segment : Middle-up Units sold : 108 units Others : A joint operation project.
PT Ciputra Development Tbk - Business Presentation 26 CTRS Projects
CTRS is undertaking a super block development on an area of Ciputra World 8.5 ha located in West Surabaya. The development will Surabaya comprise of shopping mall, apartment towers, office towers and hotel, with total building area of more than 300,000 sqm.
For the first stage, CTRS is developing a shopping mall and 2 towers of apartments. The construction started in July 2007.
Up to November 2011, 407 apartment units (98%) have been sold. First Phase Information Total investment cost : IDR 1 trillion Shopping mall Gross/ Net : 89,000 sqm/ 55,000 sqm Exp. rental rate : IDR 103,000/ sqm / month Start operation : 22 July 2011 Apartment (2 towers) Total unit : 413 units (60-170 sqm) Selling price : IDR 13 mio/sqm Completion : 2H 2011
PT Ciputra Development Tbk - Business Presentation 27 CTRP Projects
Location : Grogol, West Jakarta Ciputra Mall & Hotel Total area : 4.1 ha Jakarta Shopping mall • Start operation : 1993 • Gross/ net area : 76,000 sqm/ 43,115 sqm • Occupancy rate/ ARR* : 95%/ USD 22.50 (IDR 158,000)
Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swiss-Belhotel International • Total room/ unit : 328 • Occupancy rate/ ARR* : 71%/ IDR 599,000 * Jan – Nov 2011
PT Ciputra Development Tbk - Business Presentation 28 CTRP Projects
Ciputra Mall & Hotel Somerset Grand Citra Semarang (serviced apartment) Jakarta Location : Jakarta CBD Total area : 1.1 ha • Start operation : 1995 • Operator : The Ascott Group • Total room/ unit : 203 • Occupancy rate/ ARR* : 83% /USD 81/night or 17/sqm/mth * Jan – Nov 2011
Location : Simpang Lima, Semarang Total area : 1.7 ha
Shopping mall • Start operation : 1993 • Gross/ net area : 44,200 sqm/ 20,597 sqm • Occupancy rate/ ARR* : 99%/ USD 21.80 (IDR 152,000)
Hotel • Start operation : 1995 • Grade star : 5-star • Operator : Swiss-Belhotel International • Total room/ unit : 200 • Occupancy rate/ ARR* : 76%/ IDR 424,000 * Jan – Nov2011
PT Ciputra Development Tbk - Business Presentation 29 CTRP Projects
Dipo Business Center Jakarta NEW
Location : Jl. Letjen Gatot Subroto lot 50-5 Central Jakarta Total area : 0.7 ha Construction : 3Q 2011
Office building • Gross area : 19,440 sqm • Exp. Selling price : Rp 13 million / sqm • Start operation : 2Q 2013
Shop houses (Rukan ) • Net area : 5,952 sqm • Exp. Selling price : Rp . 9 – 10 million / sqm • Start Operation : 2Q 2013
Up to November 2011, 11 shop house units have been sold .
PT Ciputra Development Tbk - Business Presentation 30 CTRP Projects
Ciputra World Jakarta
CTRP plans to develop several super block and mixed-use developments in Jakarta’s CBD. The developments will take place at Jl. Satrio Lot 3-5, Lot 6 and Lot 11. Total development area is around 10 ha.
Currently, CTRP is undertaking the construction of Lot 3-5.
Lot 3-5 Lot 11 Lot 6
A super block A development that will A mixed-use development that will comprise of two development that will comprise of world condominium towers, a comprise of Lot Lot 6 class shopping serviced apartment condominium and office. 11 mall, condominium, tower(managed by Lot serviced apartments Frasers Hospitality), an 3-5 (managed by The office tower and the W Ascott Group), hotel hotel. and premium residences (both managed by Raffles Singapore), an office tower and an art museum.
PT Ciputra Development Tbk - Business Presentation Jakarta CBD Area 31 CTRP Projects
Total area : 5.5 ha Ciputra World I (Lot 3 - 5) Investment cost : IDR 3.1 trillion (USD 332 mio) Jakarta Construction : 2008 - 2012 Shopping mall • Gross/ net area : 122,000 sqm/ 78,000 sqm • Start operation : 2H 2012 • Tenant : LOTTE
Condominium : 136 units* (115-170 sqm) • Gross/ net area : 53,000 sqm/ 39,000 sqm** • Exp. selling price : Start from USD 1,900/ sqm • Completion : 1H 2013 Serviced apartment • Gross/ net area : 170 units • Exp. ARR : USD 26/ sqm/ month • Start operation : 1H 2013 • Managed by : Ascott Group Office building • Gross area : 64,000 sqm • Exp. ARR : USD 16/ sqm/ month • Start operation : 2H 2012
Hotel : 174 rooms Premium residence : 88 units*** • Exp. selling price : Start from USD 3,200/ sqm • Start operation : 1H 2013 • Managed by : Raffles
* Up to November 2011, 103 units (76%) have been sold ** Including the area of serviced apartment *** Up to November 2011, 5 units (6%) have been sold
PT Ciputra Development Tbk - Business Presentation 32 CTRP Projects
Ciputra World II (Lot 11) Future CiputraCiputra World World III Lot (Lot 11 6) Future Jakarta Project JakartaJakarta Project
Total area : 1.4 ha Investment cost : IDR 922 bio (USD 100 mio) Construction : 2015
Condominium : 240 units • Gross/ net area : 32,625 sqm/ 26,100 sqm • Exp. selling price : Start from IDR 17.6 mio/ sqm • Completion : 2H 2017 Serviced apartment : 240 units • Gross/ net area : 32,625 sqm/ 26,100 sqm • Exp. ARR : USD 26/ sqm/ month • Start operation : 2H 2017 CTRP plans to build five towers on a 3.0 ha area, starting the beginning of 2012 There will be two stages in this development and the development is Office building estimated to be fully completed in 2015. • Gross/ net area : 45,900 sqm/ 39,015 sqm • Exp. ARR : USD 16/ sqm/ month In the first stage, CTRP will develop two apartment towers, units in one of the • Start operation : 2H 2017 towers will be sold under strata-title (The Cedar) while units in the other will be leased out as serviced apartments managed by Frasers Suites. Both towers will consist of approximately 350 untis.
In the second stage, CTRP will develop an office tower and hotel W Jakarta .
PT Ciputra Development Tbk - Business Presentation 33 Future Projects
The Company also plans to develop new residential projects in all major cities throughout Indonesia. Details of the projects which will be launched in 2011 are as follows:
No. Projects Cooperation Development Launching scheme Plan (ha) Target CTRA
1. CitraLand Tegal Joint Venture 10 4Q 2011
2. BizPark CE Banjarmasin Joint Operation - 12 4Q 2011 Profit Sharing CTRS
1. CitraGrand Jogjakarta Joint Operation - 9 4Q 2011 Profit Sharing CTRP
1. Ciputra World 2 (Lot 11) - 3 4Q 2011
PT Ciputra Development Tbk - Business Presentation 34 PT Ciputra Development Tbk - Business Presentation Pre-Sales Residential Projects
By Location 2009 2010
Greater Jakarta Greater Jakarta Greater In billion IDR Surabaya Greater 3,185 Surabaya 3,092 Other Other Locations Locations 2011*
1546 33% 1534 Greater Greater Surabaya Jakarta 20% 1,713 Other city 1,436 outer Java 9% 1,277 596 38% Other city 1,106 362 inner Java 164 570 1149 504 1224 865 1005 Payment Method 67 788 2009 2010 691 490 437 334 155 209 16 112 Mortgage Mortgage 2006 2007 2008 2009 2010 2011* 11-11 Hard Hard Cash Cash * Target Inhouse Inhouse Apartment Direct owned Revenues Financing Financing project project sharing project** ** CTRA portion is around 70%
PT Ciputra Development Tbk - Business Presentation 36 Profit & Loss Highlights
Revenues Breakdown In billion IDR 2010 3Q 2011 1,693
1,527
1,348 1,303 1,332 61.4% 61.9%
15.0% 20.8%
735 6.6% 13.1% 6.3% 711 11.2% 583 599 599 0.7% 506 3.4% 412 482 465 299 Residential Condominium Shopping Mall Hotel Others
2007 2008 2009 2010 3Q 2011 Gross Profit Margin EBT Margin
46% 45% 43% 47% 39% 43% 30% 22% 28% 30% Revenues Gross Profit Earnings Before Tax (EBT)
PT Ciputra Development Tbk - Business Presentation 37 Financial Highlights
In billion IDR BALANCE SHEET 3Q 2011 2010 2009 2008 2007 Assets 10,358.6 9,378.3 8,553.9 8,108.4 7,484.1 Cash & cash equivalents 1,731.6 2,235.9 2,009.2 2,464.3 2,289.2 Land 3,970.7 3,549.1 3,319.0 3,138.4 3,444.2 Others 4,656.3 3,593.3 3,225.7 2,505.7 1,750.7 Liabilities 2,922.6 2,126.2 1,592.9 1,507.5 1,276.7 Debts 477.0 282.1 125.0 175.8 171.7 Advances from customers 1,693.5 1,354.5 1,064.4 986.1 704.7 Others 752.1 489.6 403.5 345.6 400.3 Minority interests 2,392.1 2,347.1 2,313.8 2,603.1 2,419.9 Equity –net 5,043.9 4,905.0 4,647.2 3,997.8 3,787.5
PROFIT & LOSS 3Q 2011 2010 2009 2008 2007 Revenues 1,527.2 1,692.7 1,332.4 1,303.2 1,347.5 Net sales 1,235.1 1,301.4 956.5 932.5 990.3 Business revenues 292.1 391.3 375.9 370.7 357.2 Gross profit 710.6 734.7 599.3 599.0 583.1 Earnings before tax 465.3 482.3 298.7 505.9 412.0 Extraordinary gain - - - - - Net profit 230.0 257.9 136.3 202.2 168.0
PT Ciputra Development Tbk - Business Presentation 38 Land Bank Residential Projects (as at 31 September 2011)
(In billion IDR, except for Average Land Selling Price) Developed Land Undeveloped Land Sales Information Average Project (Salable Land) (Raw Land) 2010 Land Selling Price*
ha IDR Ha IDR Ha Unit 2009 2010 CitraGarden City 22.2 262.5 90.1 238.3 3.3 191 3,247,000 3,931,000 CitraRaya Tangerang 158.1 410.9 539.7 286.4 7.7 813 640,000 602,000 CitraIndah Jonggol 101.7 138.8 105.6 85.5 11.8 937 500,000 542,000 CitraLand Surabaya 194.3 749.1 135.1 209.6 6.3 384 2,099,000 2,318,000 CitraHarmoni Sidoarjo 2.7 22.9 68.1 36.0 2.7 210 862,000 920,000 CitraGarden Sidoarjo 7.8 42.3 1.6 2.0 2.5 169 1,233,000 1,327,000 CitraIndah Sidoarjo - 3.3 - - 0.4 33 - 2,390,000 CitraGarden Lampung 18.1 12.8 - - 3.2 161 913,000 982,000 CitraLand Pekanbaru - 0.9 18.7 50.6 - - - 1,800,000** Total 504.9 1,643.5 958.9 908.4 37.9 2,898
* F or land which have been sold ** Recent Price
PT Ciputra Development Tbk - Business Presentation 39 Land Bank Residential Projects (as at 31 September 2011)
(In billion IDR, except for Average Land Selling Price) Sales Information Average Joint Operation Project Development Plan 2010 Land Selling Price* (Ha) Ha Unit 2009 2010 The Taman Dayu Pandaan 600 1.9 114 765,000 875,000 CitraGarden Banjarmasin 10 - - 1,540,000 1,701,000 CitraLand City Samarinda 93 0.9 55 1,656,000 1,846,000 Citra BukitIndah Balikpapan 21 1.3 89 1,650,000 1,718,000 CitraGrand City Palembang 160 2.4 167 1,256,000 1,323.000 CitraLand Celebes Makassar 30 1.9 114 2,215,000 2.631.000 CitraLand Banjarmasin 40 2.7 153 - 1,208,000 CitraGarden Makassar 15 1.4 121 - 1,062,000 Citra Green Dago Bandung 70 0.1 10 - 2,994,000 CitraLand NGK Jambi 35 - - - 1,300.000** Citra Sun Garden Semarang 17 - - - 2,418,000** CitraLand Kendari 15 - - - 1,538,000** CitraGarden Pekalongan 10 - - - 1,600,000** CitraLand Denpasar 18 - - - 4,588,000** Total 1,134 12.6 823
* For land which have been sold ** Recent Price
PT Ciputra Development Tbk - Business Presentation 40 PT Ciputra Development Tbk - Business Presentation Indonesia Macro Outlook
ECONOMIC INDICATORs 2007 2008 2009 2010 Economic growth 6.32% 6.10% 4.50% 6.10% Inflation rate 6.59% 11.06% 2.78% 6.96% BI rate 8.00% 9.25% 6.50% 6.50%
Exchange rate (USD/IDR) 9,419 10,950 9,400 8,991
International reserves (in bio USD) 56.92 51.64 66.10 96.21
Source: BPS & BI
IDX INDICATORs 2007 2008 2009 2010 IDX composite index 2,746 1,355 2,534 3,703
Market cap (in trillion IDR) 1,918 1,030 1,960 3,134
Source: Bloomberg Finance L.P.
PT Ciputra Development Tbk - Business Presentation 42 Property Market Outlook (Greater Jakarta Only)
2H 2010… Office Apartment CBD Strata Title Lease Supply (mio sqm) 4.26 Supply (unit) 74,594 8,056 AOR (%) 87.77 Sales rate / AOR (%) 98.03 83.85 Rental rate Pricing (Rp mio/sqm) - Rp 121,043 - CBD 15.40 - - USD 13.46 - Prime Non-CBD 14.13 - Service charge - Secondary Non-CBD 8.64 - - Rp 58,510 - Average 12.72 - - USD 6.51 Rental rate (USD/sqm) - Serviced apartment Retail * CBD - 20.95 Jakarta * Prime Non-CBD - 14.01 Supply (mio sqm) 3.79 - Non-serviced apartment AOR (%) 85.85 * CBD - 12.58 Rental - Rp 563,965 * Prime Non-CBD - 11.42 Service charge - Rp 80,660 Leased apartment composition - Serviced - 60.7 - Non-serviced - 39.3 Note : AOR: Average Occupancy Rate Hotel Supply (room) 6,779 8,298 9,639 AOR (%) 68.03 65.29 56.55 ARR (Rp) 325,038 442,695 742,014
Source: Knight Frank PT Ciputra Development Tbk - Business Presentation 43 Share Price (updated Dec 2011)
In IDR
09/12/2011
In shares
Source: Bloomberg
PT Ciputra Development Tbk - Business Presentation 44 The Management
Board of Commissioners
1 2 3 4 5 6 DR. Ir. Ciputra Dian Sumeler Bayan Akochi DR. Cosmas Batubara Henk Wangitan DR. Widigdo Sukarman Chairman Independent member Independent member Independent member
Board of Directors
Candra Ciputra Budiarsa Sastrawinata Rina Ciputra S. Harun Hajadi Junita Ciputra President
Cakra Ciputra Tulus Santoso B. Antonius Tanan Veimeirawaty Kusnadi Unafiliated member Unafiliated member Unafiliated member Corporate Secretary
PT Ciputra Development Tbk - Business Presentation 45 Awards
Warta Ekonomi Award 2010: IMAC Award 2010: The Most Powerful Company Best Developer In Property & Real Estate Industry
Property&Bank Award 2010: FinanceAsia Award 2010: Developer of the Year 2010 2nd Runner-Up Asia’s Best Companies
IMAC Award 2007: IMAC Award 2009: IMAC Award 2008: IMAC Special Award 2008: Best Developer Best Developer Best Developer The Most Sustainable Corporate Image 2008 - 2009
PT Ciputra Development Tbk - Business Presentation 46 Investor Relations
Corporate Secretary PT CIPUTRA DEVELOPMENT TBK
Jl. Prof. DR. Satrio Kav. 6 Jakarta 12940 - INDONESIA Phone : +62 21 5225858 Fax : +62 21 5205262 Email : [email protected] Website : www.ciputradevelopment.com
Disclaimer Clause: This presentation may contain forward-looking statements and assumptions that involve risks and uncertainties. Therefore, actual performance, outcomes and results may differ materially from those expressed in the statements. You are advised and cautioned not to place undue reliance on these statements, which are based on current view of management on future events.
PT Ciputra Development Tbk - Business Presentation 47 Notes
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@ PT Ciputra Development Tbk