PT CIPUTRA DEVELOPMENT TBK
BUSINESS PRESENTATION January 2012
Corporate Structure
CIPUTRA PUBLIC/ RELATED CO. OTHERS
39% 61% 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% 56.14% 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 Samarinda Surabaya Internaional City Palembang Jakarta Citra BukitIndah CitraHarmoni Balikpapan Sidoarjo Ciputra World Jakarta CitraLand Celebes CitraGarden Makassar Sidoarjo DIPO Business Center Jakarta CitraGarden The Taman Dayu Makassar Pandaan CTRP Group CitraGreen Dago CitraGarden Bandung Lampung
CitraLand NGK CitraSun Garden Jambi Semarang
CitraGarden CitraLand Pekalongan Kendari
CitraLand CitraLand Tegal Denpasar
BizPark CE Banjarmasin 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 project, 2005 : Launched CitraGarden 2007 : Ciputra World Surabaya 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 66,000 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 BizPark CE CitraLand City CitraLand projects in 20 cities
SUMATRA Pekan Baru KALIMANTAN Samarinda
Jambi Balikpapan
Palembang Banjarmasin Kendari
B. Lampung Makassar Jakarta CitraGarden Tangerang Bogor Tegal Semarang Surabaya Bandung JAVA Sidoarjo Pandaan Pekalongan CitraGarden City Denpasar CitraRaya CitraGreen Dago CitraIndah CitraLand Ciputra Mall & Hotel Somerset Grand Citra Ciputra World CitraLand Citra Raya Hospital CitraGarden CitraHarmoni CitraLand DIPO Business Center CitraGarden CitraIndah Townships & The Taman Dayu 25 residential projects Ciputra Mall & Hotel Ciputra Golf Commercial CitraSun Garden 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 : 9,230 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 : 21,989 units Market segment : Middle-low Others : Our largest township Unit sold : 14,985 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 : 222 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 : 441 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 : 245 units Market segment : Middle-up Others : A joint operation project Unit sold : 398 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 12 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 : 447 units Developed area : 4 ha Others : Our first project in Sulawesi. Market segment : Middle income A joint operation project Unit sold : 369 units Others : Extension of CitraLand Celebes. A joint operation project
PT Ciputra Development Tbk - Business Presentation 13 CTRA Projects
CitraGrand City CitraGreen Dago Palembang Bandung
Location : Palembang, South Sumatra Location : Dago Atas, North of Launch : August 2008 Bandung Development plan : 160 ha Pre-launch : August 2010 Developed area : 11 ha Development plan : 70 ha Market segment : Middle income Developed area : 5 ha Unit sold : 591 units Market segment : Middle-up Others : A joint operation project Unit sold : 40 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 14 CTRA Projects
CitraLand NGK Jambi Location : Kota Baru Jambi, south west of Jambi Launch : January 2011 Development plan : 35 ha Developed area : 8 ha Market segment : Midd le and middle-up Units sold : 43 units Others : A joint v entu re p roject.
CitraLand Pekan Baru
Location : Pekanbaru, Riau Launch : February 2011 Development plan : 20 ha Developed area : 5 ha Market segment : Middle-up Units sold : 166 units Others : A joint venture project.
PT Ciputra Development Tbk - Business Presentation 15 CTRA Projects
CitraGarden CitraLand Pekalongan Tegal
Location : Pekalongan,Central Java Location : Tegal, Central Java Launch : June 2011 Launch : December 2011 Development plan : 10 ha Development plan : 10 ha Units sold : 8 units Units sold : 51 units Market segment : Middle-up Market segment : Middle-up Others : A joint operation project. Others : A joint venture project.
PT Ciputra Development Tbk - Business Presentation 16 CTRA Projects
BizPark CE Banjarmasin Location : Banjarmasin, South Kalimantan Launch : December 2011 Development plan : 26 ha Units sold : 8 units Others : A joint venture project.
PT Ciputra Development Tbk - Business Presentation 17 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 18 CTRS Projects
CitraLand Surabaya
Location : West Surabaya Launch : 1993 Development plan : 1,700 ha Developed area : 650 ha Market segment : Middle-up Unit sold : 12,015 units Others : Our largest township development in Surabaya
PT Ciputra Development Tbk - Business Presentation 19 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 : 850 units Market segment : Middle income Others : A joint venture project Unit sold : 1,629 units Others : -
PT Ciputra Development Tbk - Business Presentation 20 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 : 69 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 : 709 units Others : A joint operation residential & resort development.
PT Ciputra Development Tbk - Business Presentation 21 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 house, restaurant, Developed area : 47 ha meeting hall, hotel, fitness and sport center. Market segment : Middle to middle-up Unit sold : 1,012 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 1,889 memberships.
PT Ciputra Development Tbk - Business Presentation 22 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 : 49 units Others : A joint operation project
PT Ciputra Development Tbk - Business Presentation 23 CTRS Projects
CitraLand Kendari
Location : Kendari, South East Sulawesi Launch : March 2011 Development plan : 15 ha Developed area : 5 ha Market segment : Middle and middle-up Units sold : 182 units Others : A joint operation project. To become a LifeStyle Center in Kendari
PT Ciputra Development Tbk - Business Presentation 24 CTRS Projects
CitraLand Denpasar
Location : Denpasar, Bali Launch : August 2011 Development plan : 18 ha Market segment : Middle-up Units sold : 131 units Others : A joint operation project.
PT Ciputra Development Tbk - Business Presentation 25 CTRS Projects
Ciputra World Ciputra World Surabaya Surabaya Ciputra World Surabaya is CTRS’s first super block development. This development 8.5 ha and is located in West Surabaya. The first phase of the development commenced in 2007 comprised of a shopping mall and 2 strata-title apartment towers. This phase is due to be followed with the development of another strata title apartment tower (200 units), SOHO units (200) and a 220 room hotel in 2Q 2012. Phase 1 Information
Shopping mall • Start operation : July 2011 • Gross/ net area : 89,000/ 55,000 sqm • OCC / ARR : 81.9% / Rp95,000 V2 Apartments : 413 units* • Area : 60-170 sqm • Selling price : IDR 13 mio/ sqm • Completion : 2012 * By the end of 2011, 410 (99%) apartment units have been sold .
PT Ciputra Development Tbk - Business Presentation 26 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 22.60 (IDR 158,000)
Hotel • Start operation : 1993 • Grade star : 4-star • Operator : Swiss-Belhotel International • Total room/ unit : 328 • Occupancy rate/ ARR* : 73%/ IDR 603,000 * FY 2011
PT Ciputra Development Tbk - Business Presentation 27 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 * FY2011
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* : 77%/ IDR 425,000 * FY 2011
PT Ciputra Development Tbk - Business Presentation 28 CTRP Projects
Dipo Business Center Jakarta
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
By the end of 2011, 11 shop house units have been sold .
PT Ciputra Development Tbk - Business Presentation 29 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 mall, serviced apartment condominium and office. 11 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 30 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 December 2011, 112 units (82%) have been sold ** Including the area of serviced apartment *** Up to December 2011, 9 units (10%) have been sold
PT Ciputra Development Tbk - Business Presentation 31 CTRP Projects
Ciputra World II (Lot 11) CiputraCiputra World World III Lot (Lot 11 6) Future Jakarta 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 Office building • Gross/ net area : 45,900 sqm/ 39,015 sqm • Exp. ARR : USD 16/ sqm/ month • Start operation : 2H 2017
Constructed from the beginning of 2012, development planned for Ciputra World 2 is a mixed whoused development consisting of apartment towers, an office tower and W Hotel Jakarta. The development is targeted to finish in 2015.
In the first development phase, two apartment towers, The Cedar strata-title units and Fraser Suites serviced units are constructed. The Cedar apartments were launched in December 2011, within that month, 110 units have been successfully sold.
PT Ciputra Development Tbk - Business Presentation 32 Future Projects
Details of projects to be launched in 2012 are as follows:
No. Projects Cooperation scheme Development Launching Plan (ha) Target CTRA 1. CitraLand Botanical City Pangkalpinang Joint Operation - Revenue Sharing 57 2Q 2012
2. CitraGarden Pontianak Joint Operation - Revenue Sharing 20 4Q 2012
CTRS 1. CitraGrand Jogjakarta Joint Operation - Profit Sharing 9 3Q 2012
2. CitraSun Garden Jogjakarta Joint Operation - Profit Sharing 5 3Q 2012
3. CitraGrand Semarang Joint Operation - Profit Sharing 58 3Q 2012
4. CitraLand Bagya City Medan Joint Operation - Profit Sharing 63 3Q 2012
5. CitraGarden Pekanbaru Joint Operation - Revenue Sharing 20 2Q 2012
6. Ciputra World Surabaya - Viola Apartments 200 units 2Q 2012
7. Ciputra World Surabaya - Skyloft SOHO 200 units 2Q 2012
PT Ciputra Development Tbk - Business Presentation 33 PT Ciputra Development Tbk - Business Presentation Pre-Sales Residential Projects
By Location 2009 2010
Greater Jakarta Greater Jakarta Greater In billion IDR 3,675 Surabaya Greater 3,185 Surabaya Other Other Locations Locations 1690 2011 1546 33% Greater Greater Surabaya Jakarta 20% 1,713 Other city 1,436 outer Java 1,277 596 Other city 1351 41% 1,106 362 inner Java 6% 164 570 1149 504 865 1005 Payment Method 67 788 2010 2011 691 635 437 490 155 209 16 112 Mortgage Mortgage Hard 2006 2007 2008 2009 2010 2011* 2011 Hard Cash Cash 53% * Target 12% Inhouse Inhouse Apartment Direct owned Revenues Financing project project sharing project** Financing ** CTRA portion is around 70% 35%
PT Ciputra Development Tbk - Business Presentation 35 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 36 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 37 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) 2011 Land Selling Price*
ha IDR Ha IDR Ha Unit 2010 2011 CitraGarden City
Citra 6 11.2 169.8 - - 1.10 59 4,029,000 6,290,000 Other areas 10.4 99.1 95.0 263.5 1.90 169 3,010,000 3,120,000 CitraRaya Tangerang 156.0 411.9 539.7 287.5 6.70 597 602,000 962,000 CitraIndah Jonggol 96.8 133.3 106.8 86.2 16.19 1,367 542,000 599,000 CitraLand Surabaya 205.0 884.4 335.0 349.1 9.10 423 2,318,000 2,580,000 CitraHarmoni Sidoarjo 2.7 27.2 68.1 38.0 2.81 228 920,000 1,107,000 CitraGarden Sidoarjo 7.8 41.3 1.6 2.0 2.34 132 1,327,000 1,451,000 CitraIndah Sidoarjo - 3.1 - - 0.58 36 2,390,000 2,371,000 CitraGarden Lampung 18.1 12.8 - - 3.51 232 982,000 1,015,000 CitraLand Pekanbaru - 4.0 18.7 54.0 3.67 166 - 1,981,000 Total 508.0 1,786.9 1,164.9 1,078.3 47.9 3,409
* F or land which have been sold
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) Sales Information Average Joint Operation Project Development Plan 2011 Land Selling Price* (Ha) Ha Unit 2010 2010 The Taman Dayu Pandaan 600 2.34 93 875,000 1,010,000 CitraGarden Banjarmasin 10 0.03 2 1,701,000 2,500,000 CitraLand City Samarinda 93 1.34 82 1,846,000 2,199,000 Citra BukitIndah Balikpapan 21 1.72 101 1,718,000 2,000,000 CitraGrand City Palembang 160 2.19 139 1,323,000 1,515,000 CitraLand Celebes Makassar 30 1.90 122 2,631,000 3,068,000 CitraLand Banjarmasin 40 2.80 178 1,208,000 1,482,000 CitraGarden Makassar 15 1.90 248 1,062,000 1,267,000 Citra Green Dago Bandung 70 0.84 30 2,994,000 3,709,000 CitraLand NGK Jambi 35 0.54 43 - 1,521,000 Citra Sun Garden Semarang 17 1.29 49 - 2,456,000 CitraLand Kendari 15 2.75 182 - 1,511,000 CitraGarden Pekalongan 10 0.15 8 - 1,600,000 CitraLand Denpasar 18 2.28 131 - 4,846,000 CitraLand Tegal 10 0.90 51 - 1,750,000 BizPark CE Banjarmasin 12 0.48 8 - 1,082,000 Total 1,156 23.43 1,467
* For land which have been sold
PT Ciputra Development Tbk - Business Presentation 39 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 41 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 42 Share Price (updated Jan 2012)
In IDR
31/01/2012
In shares
Source: Bloomberg
PT Ciputra Development Tbk - Business Presentation 43 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 44 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 45 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 46 Notes
47 Notes
48
@ PT Ciputra Development Tbk