Corporate Presentation September 2016 PT Intiland Development Tbk

Transcription

1 Corporate Presentation September 2016 PT Intiland Development Tbk Intiland. Developing Your World. South Quarter, South Jakarta

2 2 Disclaimer We caution readers that all statements other than statements of historical fact included in this document, including without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to our existing and future products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause our actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we expect to operate in the future. We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statements contained herein to reflect any change in our expectations with regards hereto or any change in events, conditions or circumstances on which any such statements is based. This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only. This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/or purchase any shares in any proposed venture.

3 3 Contents Corporate Overview 4 Corporate Structure 5 Management Team 6 Core Portfolio 7 Projects Location 8-10 Landbank 11 Growth Strategy 12 Why Intiland 13 Marketing Sales Key Projects Pipeline Projects Other Projects Recurring Income Projects Financial Highlights Appendix Golf View Impression - Graha Golf, Surabaya

4 4 Corporate Overview PT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focus on developing mixed use & high rise projects as well as premium residential projects located in Jakarta and Surabaya catering to middle to middle-up segments. A brief about the company Established in 1983 and listed on IDX in 1991 (DILD:IJ) More than 40 years of experience in developing over 40 projects in Jakarta and Surabaya The main products are mixed use & high rise, landed residential, industrial estates and investment properties A pioneer and trend setter in developing successful premium projects South Quarter Graha Famili Regatta Pantai Mutiara Intiland Tower Jakarta Integrated mixed use development in South Jakarta CBD First golf-themed luxurious residential development in Surabaya First luxury sea-front condominium in Jakarta First reclaimed housing development in South East Asia First green building in Indonesia designed by Paul Rudolph

5 5 Corporate Structure Truss Investment Partners 22.24% Strands Investments Ltd 19.89% CIMB Securities (Singapore) 11.62% Public <5% 46.25% 3) 4) PT Taman Harapan Indah 100% PT Intiland Grande 100% PT Intiland Esperto 100% PT Intiland Infinita 30% Others Developing over 40 existing and future projects covering mixed use & high rise, landed residential, industrial estates and investment properties Total Issued Shares : 10,365,854,185 shares Market Capitalization as of 30 Sep ) : Rp 6.2 tn (~USD Book Value as of 30 Sep ) : Rp 4.9 tn (~USD RNAV as of 30 Sep )2) : Rp 20.1 tn (~USD 1,549 1,942 1) The company uses an IDR/USD conversion rate of 12,998 which is the Jakarta Interbank Spot Dollar Rate (JISDOR) benchmark on 30 Sep ) The company appraised its assets on 31 Dec The appraisal was done by KJPP Hendra Gunawan & Rekan (in association with Colliers International) 3) The percentage includes treasury stocks totaling 98,755,000 shares representing 0.95% of total issued shares 4) Including shares held by management : Ir. Sinarto Dharmawan owns 2,280 shares (0.01%)

6 6 Management Team The Board of Commissioners and the Board of Directors have been with the company for more than 25 years on average and have extensive market-oriented knowledge and experience in the Indonesian property industry. B O A R D O F C O M M I S S I O N E R S Cosmas Batubara President Commissioner Lennard Ho Kian Guan VP Commissioner Thio Gwan Po Micky Independent Commissioner Walman Siahaan Commissioner Jahya Asikin Commissioner Ping Handayani Commissioner B O A R D O F D I R E C T O R S Hendro S. Gondokusumo President Director & CEO Suhendro Prabowo VP Director & COO Jakarta 1 Sinarto Dharmawan VP Director & COO Surabaya Utama Gondokusumo Executive Director & COO Jakarta 2 Ricky Holil Executive Director & CFO Archied Noto Pradono Executive Director Perry Yoranouw Independent Director

7 SURABAYA & GREATER AREA JAKARTA & GREATER AREA 7 Core Portfolio The Company develops various products classified into mixed use & high rise, landed residential, industrial estates and investment properties. Some of the existing and future projects are as follows: Mixed Use & High Rise Landed Residential Industrial Estates Investment Properties South Quarter Aeropolis Kebon Melati H-Island West One City 1 Park Avenue Regatta Phase 2 Serenia Hills Talaga Bestari Magnolia Residence Intiland Tower Jakarta South Quarter Kebon Melati Others Praxis Spazio Tower Sumatra 36 Graha Golf Phase 1 Graha Famili Graha Natura Ngoro Industrial Park Intiland Tower Surabaya Ngoro Industrial Park Darmo Harapan Phase The Rosebay Praxis 1 Spazio Tower Others Development Income Recurring Income Pipeline projects Under construction

8 8 Projects Location Diversified projects located in strategic location focusing on developing mixed use & high rise, and residential projects in Jakarta and Surabaya. Mixed use & high rise Landed residential Industrial estates * Pipeline projects SUMATRA KALIMANTAN SULAWESI PAPUA Tangerang: Aeropolis Tangerang: Talaga Bestari Magnolia Residence JAVA Ngoro Industrial Park, Mojokerto Jakarta: Serenia Hills Jakarta: South Quarter Intiland Tower Jakarta 1 Park Avenue Regatta Phase 2 Kebon Melati* H-Island* West One City* Surabaya: Spazio Tower Praxis Spazio Intiland Tower Surabaya National Hospital Sumatra 36 Graha Golf The Rosebay Darmo Harapan* Surabaya: Graha Famili Graha Natura

9 9 Projects Location in Jakarta Intiland s projects in Jakarta are well located within the developed areas of the city and are positioned to benefit from infrastructure developments within the city. Recent infrastructure developments benefiting some of Intiland s key projects in Jakarta are the completion of JORR 1 toll road in 2014 and the ongoing construction progress of the Jakarta MRT Aeropolis International Airport Serpong To Talaga Bestari ( ) To Magnolia Residence ( ) West One City JORR 1 Toll Road South Quarter Semanggi H-Island Regatta Phase 2 TB Simatupang Kebon Melati Intiland Tower Jakarta 1 Park Avenue Tanjung Priok Port To Cikarang 5km radius from Semanggi Interchange, CBD Kebon Melati Intiland Tower (Inv. Property) 1 Park Avenue 10km radius from Semanggi Interchange, CBD South Quarter Serenia Hills West One City Other projects within Jakarta and its Greater Area Regatta Phase 2 Aeropolis Talaga Bestari Magnolia Residence Maja Serenia Hills JORR 2 Toll Road Legend Existing Toll Road Planned Toll Road Planned MRT Source : Google maps, company data Location and scale drawing above are best estimates To Bogor 5 km Existing Railway Intiland Projects

10 10 Projects Location in Surabaya Intiland has a strong footing in Surabaya mainly from the development of the Graha Famili project, now regarded as a highend residential complex in Surabaya. Intiland s footprint extends into various project developments in Surabaya today, which are located strategically in Central Surabaya and West Surabaya To Gresik, Lamongan To Madura 4km radius from Jl. Panglima Sudirman, CBD Surabaya Intiland Tower (Inv. Property) Praxis Sumatra 36 Graha Natura Spazio Tower National Hospital Darmo Harapan Spazio Intiland Tower Surabaya Sumatra 36 Graha Golf The Rosebay Graha Famili Praxis Aloha-Perak Toll Road Lingkar Timur Toll Road 8km radius from Jl. Panglima Sudirman, CBD Surabaya Spazio Tower Graha Famili Graha Golf The Rosebay Graha Natura Darmo Harapan Spazio (Inv. Property) National Hospital (Inv. Property) Other projects within Surabaya and its Greater Area Ngoro Industrial Park To Ngoro ( ) Source : Google maps, company data Location and scale drawing above are best estimates International Airport 2 km Legend Existing Toll Road Planned Toll Road Existing Railway Intiland Projects

11 11 Landbank Total company landbank as of 30 September 2016 is more than 2,000 ha. The vast landbank owned translates to more than 20 years of future project developments, enough to sustain Intiland s going concern as a property developer. Undeveloped Landbank Land area (ha) Jakarta 1,661.3 Maja, Banten 1,083.1 Tangerang, Banten Others - Jakarta area 94.7 Talaga Bestari, Cikupa 77.0 Serenia Hills 4.5 Gandaria, Jakarta 4.0 Pondok Pinang 2.6 Surabaya Others - Surabaya area Pantai Timur, Surabaya 90.1 Lontar 59.4 Bukit Pencu, Surabaya 33.0 Bukit Sampe, Trawas 31.8 Graha Famili, Surabaya 7.3 Jajar Tunggal 5.8 Wiyung 1.0 Total Undeveloped Landbank 2,048.2 % of Total ha 19% 81% Jakarta area Surabaya area

12 12 Growth Strategy Organic Growth Focus on developing existing projects in Jakarta and Surabaya Maximize the value of existing asset portfolio (e.g. mixed use & high rise) Continue the land acquisition surrounding existing projects Acquisition Growth Strategic acquisition to support our vision and mission Maintain focus on our core business (e.g. South Quarter) Prudent acquisition to increase our long term stakeholders value Strategic Partnership Strategic partnership to strengthen our position Track record in developing joint projects with strategic partners Provide balance sheet support for project execution Capital & Investment Management Cash flow management to sustain our growth and profitability Prudent financing to manage our business risks Expand our global network to support our financing strategy MISSION To be reputed as a transparent, trustworthy and trendsetting property developer committed to highly sustainable and long-term growth and profitability that deals fairly with all stakeholders VISION To make possible the experience of not only living, but living well throughout Indonesia

13 13 Why Intiland? Strategic location supported by good concept, facilities & infrastructure Diversified projects High upside potential on investment return with RNAV per share of Rp1,942* Net Asset Value Big landbank More than 2,000 ha of landbank to ensure the sustainable growth of the company Manageable net gearing supported by strategic equity partners in some of our projects Strong balance sheet Proven experience & track record Experienced management in executing successful pioneer projects Growth of recurring income Increasing recurring income to strengthen cash flow * RNAV based on 30 Sep 2016 financials. Assets were valued by KJPP Hendra Gunawan & Rekan (in association with Colliers International) on 31 Dec 2015

14 Marketing Sales

15 15 Marketing Sales 9M16 Achievement 1,650 1,515 2,536 2,538 2,370 2,360 Marketing Sales in billion Rupiah 1,873 1,619 2,559 2,259 1,407 1, Target 9M16 Recurring Development Project Location FY16 target (IDR bn) 9M16 result (IDR bn) % Achieved Mixed use and high rise 1, % The Rosebay Surabaya Darmo Harapan Surabaya Praxis Surabaya 86 4 Spazio Tower Surabaya Graha Golf Surabaya Sumatra 36 Surabaya 0 13 Kebon Melati Jakarta Park Avenue Jakarta Aeropolis Jakarta South Quarter Jakarta Regatta (50%) Jakarta Houses and land % Graha Natura Surabaya Graha Famili Surabaya 0 68 Platinum Surabaya 0-6 Serenia Hills Jakarta Park Homes Jakarta Talaga Bestari Jakarta Magnolia Residence Jakarta Taman Semanan Indah Jakarta 0 7 Industrial Estates % Ngoro Industrial Park Surabaya Investment Properties % Recurring Income Marketing Sales Target 2,559 1,407 55% Development Income 2,259 1,183 Recurring Income Location 2,559 1,407 55% Jakarta 1, Surabaya Recurring Income

16 16 Marketing Sales Table Projects M15 9M16 Rp bn % Rp Rp bn % Rp Rp bn % Rp Rp bn % Rp Rp bn % Rp Rp bn % Rp Mixed Use & High Rise % 1,333 53% 1,614 64% % % % The Rosebay 0 0% 0 0% 0 0% 0 0% 0 0% % South Quarter 0 0% % % 23 1% 18 1% 77 5% Aeropolis % 141 6% % 60 3% 26 2% % Sumatra % 4 0% 12 0% 0 0% 0 0% 13 1% Regatta (50%) 43 3% 81 3% % 37 2% 6 0% 36 3% Praxis 0 0% 200 8% 72 3% 8 0% 7 0% 4 0% Spazio 32 2% 0 0% 145 6% 16 1% 14 1% 18 1% 1 Park Avenue % % 113 4% 151 8% 128 9% 30 2% Graha Golf 0 0% 0 0% 0 0% % % 19 1% 1 Park Residence 88 5% 21 1% 0 0% 0 0% 0 0% 0 0% Landed Residential % % % % % % Graha Natura % 174 7% 152 6% 94 5% 58 4% % Serenia Hills % % 216 9% % 102 7% 112 8% Graha Famili 54 3% 52 2% 31 1% 99 5% 63 5% 68 5% Magnolia Residence 0 0% 0 0% 0 0% 36 2% 27 2% 35 2% Taman Semanan Indah 24 1% 47 2% 0 0% 9 1% 0 0% 7 0% Talaga Bestari % 67 3% 89 4% 68 4% 36 3% 15 1% 1 Park Homes 0 0% 0 0% 0 0% 22 1% 0 0% 0 0% Platinum 0 0% 13 1% 0 0% 0 0% 0 0% -6 0% Pinang Residence 8 0% 0 0% 0 0% 0 0% 0 0% 0 0% Puri Permata Pacitan 1 0% 2 0% 0 0% 0 0% 0 0% 0 0% Industrial Estate 115 7% % % % % 81 6% Ngoro Industrial Park 115 7% % % % % 81 6% Investment Properties 135 8% 166 7% 178 7% % 128 9% % Office Rental 81 5% 96 4% 108 4% 158 8% 73 5% 121 9% Ngoro Industrial Park 0 0% 0 0% 0 0% 29 2% 20 1% 36 3% Sport Club 35 2% 45 2% 53 2% 67 4% 35 3% 67 5% Intiwhiz 19 1% 25 1% 17 1% 0 0% 0 0% 0 0% Total Marketing Sales 1, % 2, % 2, % 1, % 1, % 1, % Development Income 1,515 92% 2,370 93% 2,360 93% 1,619 86% 1,254 91% 1,183 84% Recurring Income 135 8% 166 7% 178 7% % 128 9% %

17 Key Projects

18 18 South Quarter Phase 1 (Mixed Use & High Rise) South Quarter is a 7.2 ha mixed use & high rise development which Phase 1 (4.4 ha) comprises three office towers and supporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street. Office Tower A (Strata) Office Tower B (Lease) Retail Office Tower C (Lease) Phase ha (Future development) Type : Mixed Use & High Rise Ownership : 100% Total area : 7.2 ha (Phase ha, Phase ha) Location : TB Simatupang, South Jakarta Infrastructure : Toll road, future MRT, shuttle bus Design : WS Atkins No. of floor : 20 floors, 4 basements Phase ha Phase 1 Information Launched : 4Q 2012 Construction : 2Q 2012 Project completion : 100% Completed : 2015 Office Tower Tower A Salable area : 39,864 sqm Sold : 39,602 sqm (99%) ASP 9M16 : Rp 31 mn/sqm Launched : 3Q 2012 Phase 1 Investment Property Tower B, C, Retail Leasable area : 86,232 sqm Leased : 42,668 sqm (49%)

19 19 1Park Avenue (Mixed Use & High Rise) 1Park Avenue is a high rise residential project, an extension of the 1Park Residences apartment, located in Gandaria, South Jakarta, which is close to shopping destinations, hospitals, international schools and entertainment centers. Retail Phase 1 Condominium Type : Mixed Use & High Rise Ownership : 100% Total area : 2.8 ha Location : Gandaria, Kebayoran Baru, South Jakarta Infrastructure : Main road Design : CSYA, Singapore No. of floor : 29 floors Phase ha Retail Phase 1 Information 4 condominium towers Construction : 2Q 2013 Project completion : 91% Expected completion : 1Q 2017 Condominium Tower 1, 2, 3 Salable area : 52,136 sqm Sold : 46,530 sqm (89%) ASP 9M16 : Rp 44.3 mn/sqm Launched : 3Q 2012 Condominium The Hamilton (Tower 4) Salable area : 18,116 sqm Sold : 2,235 sqm (12%) ASP 2015 : Rp 48.6 mn/sqm Launched : 2Q 2015 Phase 1 Construction Progress Phase 2 Information 1 Park Homes Net land area : 0.7 ha Salable unit : 31 units

20 20 Graha Golf (Mixed Use & High Rise) Designed by CSYA, a Singapore-based architect with international caliber, Graha Golf stands in a green area surrounded by a golf course, located within the Graha Famili residential complex in Surabaya. Type : Mixed Use & High Rise Ownership : 100% Total area : 2.4 ha Location : Graha Famili, West Surabaya Design : CSYA, Singapore No. of floor : 20 floors Phase 1 Information 2 condominium towers Total area : 7,200 m2 Construction : 3Q 2016 Progress : Foundation works Expected completion : 2Q 2018 Tower 1 Clubhouse Tower 2 Tower 3 Tower 4 Tower 5 Condominium Tower 1 Market : Strata title Semi gross area : 11,800 sqm Sold : 11,800 sqm (100%) ASP : Rp 29.3 mn/sqm Launched : July 2015 Condominium Tower 2 Market : Strata title Semi gross area : 11,800 sqm Sold : 8,679 sqm (74%) ASP 9M16 : Rp 37.3 mn/sqm Launched : September 2015 Townhouse Note: Phase 2 TBD 3 condominium towers & townhouse

21 21 Graha Natura (Landed Residential) Graha Natura is residential project in Lontar, West Surabaya, sprawling over 86-hectare land. Graha Natura is a unique housing estate with a focus on healthy lifestyle, nature and eco-friendly technology. Launched Clusters Gross Land Area Cluster A Cluster B Cluster C Cluster D Garden Ville 1 Garden Ville 2 Soho Edenia (Blok E & F) 5.9 ha 5.4 ha 5.5 ha 8.4 ha 0.6 ha 0.5 ha 0.4 ha 5.4 ha n/a Soho 2 Launched Developme nt 96 units 85 units 96 units 93 units 31 units 24 units 27 units Sold 95% 99% 89% 90% 100% 42% 74% ASP 9M16 (Rp/sqm) Land: 10.8 Building: 7.5 Blok E: 75 units Blok F: 117 units Blok E: 60% Blok F: 58% 35 units 29%

22 22 The Rosebay (Mixed Use & High Rise) The Rosebay is a low rise residential development within the Graha Famili complex in Surabaya. Built on a modern and exclusive concept with open corridors and greeneries, The Rosebay offers to create a sensation of living in a landed house. Type : Mixed Use & High Rise Ownership : 75% Total area : +/- 1ha Location : Graha Famili, West Surabaya Design : WOW Architect, Singapore No. of floor : 4-8 floors Total units : 229 units Semi gross area : 20,818 sqm Expected construction : 4Q 2016 Expected completion : 4Q 2018 Condominium Tower A, B, F, G, H Market : Strata title Total units : 177 units Semi gross area : 16,505 sqm Sold : 7,146 sqm (43%) ASP 9M16 : Rp 31.2 mn/sqm Launched : 14 January 2016 Condominium Market Total units Semi gross area Launch Tower C, E : Strata title : 52 units : 4,313 sqm : TBD

23 23 Regatta (Mixed Use & High Rise) Regatta is an iconic apartment project at Pantai Mutiara, North Jakarta, consists of ten apartment towers, a five-star hotel, and a serviced apartment. Phase 1 Type Ownership : Mixed Use & High Rise : 50% (50% PT Global Ekabuana) Total area : 11 ha (Phase ha, Phase ha) Location : Pantai Mutiara, North Jakarta Infrastructure : Main road Retail Condominium Design No. of floor : Tom Wright (WS Atkins, UK) : 24 floors Phase ha Retail Master plan Project Information Condominium Phase 1 (4 towers) Phase 2 (3 towers) Tower Name : Dubai, Miami, Monte London, New York, Carlo, Rio Shanghai Launched : 2Q 2006 London & NY : 2Q 2014 Project completion : 100% 38% Expected completion : 4Q 2009 & Semi gross area : 390 units London & NY : 51,660 sqm Market : Strata title Strata title Sold : 384 units (98%) 26,913 m2 (52%) ASP 9M16 : Rp 24.8 mn/sqm Rp 30.2 mn/sqm Others Phase 2: London tower was launched in June 2014, while New York tower was pre-launched in June FIABCI Prix d Excellence, Bali Congress Award Phase 2 Construction Progress

24 24 Aeropolis (Mixed Use & High Rise) Aeropolis is an integrated mixed use development consisting of residential, office, hotel, commercial and retail development in an area of 105-hectars. This project sits on a strategic location, only 500 meters from the international airport. Master Plan Aeropolis Sports Club Aeropolis Residence 3 - Drawing Projects Launched Year Launched Year Completed Total (Unit) Total (Sqm) Sold (Sqm) ASP 9M16 (Rp mn/m2) Construction (%) Aeropolis Residence 1 & Commercial Park ,299 25,126 22, % Aeropolis Residence 2 (Tower A, B) ,048 20,248 18, % Aeropolis Residence 3 (Tower A, C, D) ,446 24,107 19, % Aeropolis Crystal Residence (Tower 1, 2, 3) 2013 E ,151 13, % Aeropolis Boutique Hotel (A1, A2) 2014 E ,044 3, In progress Aeropolis Techno Park Phase E Land: 15,120 Land: 9,036 Land: 9.4 Building: 4.5 In progress Aeropolis Techno Park Phase E Land: 3,780 Building: 3,600 Land: 3,296 Building: 2,472 Land: 10.2 Building: 4.0 In progress Aeropolis Onyx Residence 2015 E , Aeropolis Lucent Residence 2016 E ,129 1, Total Phase 1 5, ,609 91,194

25 25 Ngoro Industrial Park (Industrial Estate) Ngoro Industrial Park is a modern industrial estates complete with infrastructure and facilities for industrial factories. Type Total development plan Location Infrastructure Access : Industrial Estate : 500 ha : Ngoro, Mojokerto, East Java : Natural gas, power substation, waste water treatment, telecommunication : Toll road, main road, 45 km from Surabaya, 50 km from Tanjung Perak Seaport, 50 km from Juanda International Airport Project Information Launched : 1991 (1st phase) & 2010 (2nd phase) Industrial Estate Sold Remaining inventory ASP 9M16 : 270 ha (net) : approx. 37 ha (net) : Rp 1.72 mn/sqm Tenancy Unicharm, Mitsui-Soko, Hitachi, HB Fuller, Yakult, Roman Ceramic, Mulia Ceramic (Dharma Persada Gemilang), Cort Indonesia, etc. Facility & Services Export Processing Zone, Standard Factory Building, Warehouse, Commercial Area, Clinic, Bank & ATM, Office Space, Guest House, Outdoor Sport, Police Station, Internal Security, Fire Brigade.

26 Pipeline Projects

27 27 Kebon Melati (Mixed Use & High Rise) Kebon Melati is a 3.2 ha mixed use & high rise development located in the Jakarta CBD area comprising of a modern commercial sector along with outdoor elements such as pedestrian walkways and retail outlets. Office Tower Phase 2 Boutique Retail Serviced Office Apartment Phase 1 Condominium Type : Mixed Use & High Rise Ownership : 55% Total area : 3.2 ha (Phase ha, Phase ha) Location : Kebon Melati, CBD Jakarta Infrastructure : Future MRT, busway Design : Broadway Malyan, UK Building plot ratio : 5 Phase ha Phase 1 Information Condominium and retail Expected Launch Date : 2H 2016 Future Project Retail Condominium (2 towers) Semi gross area Market Average selling price : 50,184 sqm (475 units) : Strata title : E Rp mn/sqm Thamrin City Grand Indonesia Retail Semi gross area Market Average rental rate : 8,938 sqm : Lease : E Rp 462,000/sqm/month Project Location Water Reservoir Phase 2 Information Office, serviced apartments, and retail Office tower : SGA 34,491 sqm Boutique office : SGA 14,018 sqm Serviced Apartment : SGA 9,726 sqm Retail : NLA 11,141 sqm

28 28 Darmo Harapan (Mixed Use & High Rise) Darmo Harapan is located in the Plaza Segi Delapan area in West Surabaya, with a total of 6.3 ha of landbank to be developed into a mixed use development project targeting the middle segment. West Surabaya Map Graha Natura Darmo Harapan Type : Mixed Use & High Rise Ownership : 100% Total area : 6.3 ha Location : Plaza Segi Delapan, West Surabaya Infrastructure : Main road Spazio Spazio Tower Graha Famili Graha Golf Phase 1 Information 2 condominium towers Total land area : 10,760 sqm Condominium Tower 1 Market : Strata title Estimated semi gross area : 24,650 sqm Estimated launch date : 2017 Condominium Tower 2 Market : Strata title Estimated semi gross area : 15,822 sqm Estimated launch date : 2017 Podium / SOHO and Commercial Area Market : Strata / Lease Estimated semi gross area : 4,462 sqm Site Location

29 29 West One City (Mixed Use & High Rise) A 21 ha future mixed use & high rise project located in West Jakarta comprised of residential, retail and commercial properties with facilities such as educational institutions, sports clubs and parking spaces. Future Project Pulau H Type : Mixed Use & High Rise Ownership : 40% Total area : 21 ha Location : Daan Mogot, West Jakarta Infrastructure : Train, busway, JORR toll road Building plot ratio : 4-5 Project Information High-rise residential Strata title office Market : Middle class Others Completed the construction of front entrance, roads, infrastructure and marketing office. Marketing Office Phase 2 Phase 1

30 30 H-Island Reclamation Project (Mixed Use & High Rise) A 63 ha future reclamation project located in Pulau H, close to Pantai Mutiara, North Jakarta. It is part of the 17 islands reclamation projects initiated by the Jakarta local government. Future Bridge Phase 1 Type Total area : Mixed Use & High Rise : 63 ha Location : Pulau H, Pantai Mutiara, North Jakarta Infrastructure : Future bridge Masterplan : Woods Bagot Regatta Retail Condominium Pulau H Engineering consultant : Witteveen+Bos Phase ha Retail Project Information Mixed use High-rise and low rise residential Commercial Future Project Others Obtained Izin Pelaksanaan Reklamasi (reclamation license) in 4Q 2015 A B C D E F G H I J L M N O P Q K NCICD Masterplan

31 Other Projects

32 32 Serenia Hills (Landed Residential) Serenia Hills is a premium estate that stretches over 24 hectares in Lebak Bulus, South Jakarta. In 2013, Serenia Hills received an award at Housing Estate Green Property Award as Favorite Residential Phase 1 Phase 2 Type Residential Residential Titan Venture Barat Ultimate Low Rise Apt (Future Dev.) Land Area 10 ha 14 ha Development Plan Regent 173 units Signature 51 units Total 224 units Titan Ultimate Venture Barat Venture Timur Total Launched 2011 & & 2014 Sold Regent 172 units (99%) Signature 46 units (90%) Total 216 units (97%) Land ASP 9M16 Rp 18.5 mn/sqm Rp 13.2 mn/sqm Building ASP 9M16 Rp 8.5 mn/sqm Rp 7.5 mn/sqm 59 units 38 units 81 units 63 units 241 units Titan 58 units (98%) Ultimate 38 units (100%) Venture Barat 74 units (91%) Venture Timur 40 units (63%) Total 210 units (87%) Future Development Low Rise Apt Masterplan Phase 2 Total area 14 ha Venture Timur Phase 1

33 33 Praxis (Mixed Use & High Rise) Praxis is part of the development of Intiland Tower Surabaya. Located in the Surabaya CBD, the project occupies 1.1 hectares of land comprising such facilities as office, apartment, retail, hotel and cinema. Type : Mixed Use & High Rise Condominium Office & Retail Hotel Ownership : 100% Total area : 1.1 ha Location : CBD Surabaya Infrastructure : Main road GFA : 102,498 sqm No. of Floors : Office 5 floors, Apartment 28 floors, Hotel 18 floors, F&B 1 floor, 3 basement floors Phase 1 Information Launched : 2Q 2013 Construction : 1Q 2014 Project completion : 37% Expected completion : 2017 Condominium Office Semi gross area : 19,634 sqm (289 units) 21,568 sqm (185 units) Market : Strata title Strata title 17,428 sqm Lease 4,140 sqm Sold : 11,294 sqm (58%) 3,939 sqm (23%) ASP 9M16 : Rp 27.4 mn/sqm Rp 35.1 mn/sqm Hotel Retail Semi gross area : 14,326 sqm 8,609 sqm Unit : 266 rooms Construction Progress

34 34 Spazio Tower (Mixed Use & High Rise) Spazio Tower is a multi-function office tower located in Graha Festival, West Surabaya which development consists of office, hotel and retail. This project is the extension of Spazio, which has the same concept. Type : Mixed Use & High Rise Ownership : 100% Total area : 0.5 ha Location : Graha Festival, West Surabaya Infrastructure : Main road No. of floors : 11 floors office, 7 floors hotel+ function, 2 floors retail, 5 floors basement Project Information Launched : 1Q 2014 Construction : 4Q 2014 Project completion : 17% Expected completion : 3Q 2017 Construction Progress Office Semi gross area : 24,111 sqm (232 units) Market : Strata title Sold : 78 units (34%) ASP 9M16 : Rp 30.3 mn/sqm Retail Hotel + Function Semi gross area : 5,032 sqm 10,281 sqm (102 rooms) Market : Lease Lease

35 35 Magnolia Residence (Landed Residential) Magnolia Residence is a 14.7 ha development of a new housing estate in Jatake, Tangerang. Intiland commenced the development of infrastructure, marketing office, and show units in Masterplan of Magnolia Residence Type : Low-rise residential Ownership : 52.5% Total area : 14.7 ha Location : Jatake, Tangerang Infrastructure : Main road, toll road Project Information Market : Middle Sold units : 107 units Land ASP 9M16 : Rp 4.9 mn/sqm Building ASP 9M16 : Rp 4.5 mn/sqm Launched : 2Q 2015

36 36 Talaga Bestari (Landed Residential) Talaga Bestari is a residential project occupying 308 hectare land space in Cikupa, Tangerang, Banten. Designed as The Family Learning City. Jungle Walk The Hills Project Facts Harmony The Hills Floura The Forest Phase 1 Taman Palem Jungle Walk Plaza D Captiva Development Harmony houses Harmony houses 207 houses 212 houses 173 houses 424 houses (Palem Hijau, Palem Kuning, Palem Merah) 136 shophouses 320 kiosks 117 shophouses Sold 96% 100% 79% 37% 11% 20% 93% Land ASP Remarks Rp 4.3 mn/sqm Key catalyst Lion City, a 30 ha of land purchased by Lion Air for training center, warehouses, dormitories

37 37 Sumatra 36 (Mixed Use & High Rise) Sumatra 36 is a luxury downtown apartment on Sumatra Street, one of the prime addresses in Surabaya. It occupies a 2,359- square-meter land and consists of 12 floors, encompassing 63 exclusive units. Type Total area Location Infrastructure Design No. of Floors : Mixed Use & High Rise : 0.2 ha : CBD Surabaya : Main road : CSYA, Singapore : 12 floors Phase 1 Information Launched : 4Q 2011 Construction : 2013 Project completion : 100% Completed : 2015 Apartment Semi gross area : 9,020 sqm Market : Strata title Sold : 4,180 sqm (46%) ASP : Rp 28.1 mn/sqm

38 Recurring Income Projects

39 39 South Quarter Phase 1 (Investment Property) South Quarter is a 7.2 ha mixed use and high rise development which Phase 1 (4.4 ha) comprises three office towers and supporting retail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street. Office Tower A (Strata) Office Tower B (Lease) Retail Office Tower C (Lease) Phase ha (Future development) Type : Investment Property Ownership : 100% Location : TB Simatupang, South Jakarta Infrastructure : Toll road, future MRT, shuttle bus Design : WS Atkins No. of floor : 20 floors, 4 basements Phase ha Construction : 2Q 2012 Project completion : 100% Completion : 2015 Investment Property Tower B, C, Retail Leasable area : 86,232 sqm Leased : 42,668 sqm (49%) Asking base rent : Rp 220,000/sqm/month Phase 1

40 40 Intiland Tower Jakarta (Investment Property) Intiland Tower Jakarta is the company s flagship office building located in the Jakarta CBD area. It was designed by Paul Rudolph, renowned American architect who developed the green concept, which reflects the tropical-themed Indonesian architecture. The building model was exhibited at the Museum of Modern Arts in New York. Type : Investment Property Ownership : 100% Total area : 0.8 ha Location : CBD Jakarta Infrastructure : Main road Design : Paul Rudolph Floor : 24 floors, 1 basement Project Information Construction : 1984 Project completion : 100% Completion : 1986 Office Tower Leasable area : 24,266 sqm Leased : 94% Avg. gross rent in 3Q16 : Rp 240,000/sqm/month Intiland Tower Jakarta

41 41 Intiland Tower Surabaya (Investment Property) Intiland Tower Surabaya, another masterpiece by Paul Rudolph, is an office tower located in the heart of CBD Surabaya that becomes the leading IT building in the city. Its unique design of fronting terraces on every level allows natural free flow of air and lighting. Type : Investment Property Ownership : 100% Total area : 0.5 ha Location : CBD Surabaya Infrastructure : Main road Design : Paul Rudolph No. of floor : 12 floors, 2 basements Project Information Construction : 1995 Project completion : 100% Completion : 1997 Intiland Tower Surabaya Office Tower Leaseable area : 19,402 sqm Leased : 81% Avg. gross rent in 3Q16 : Rp 176,800/sqm/month

42 42 Spazio (Investment Property) Spazio is an office space in Graha Festival, West Surabaya consisting of strata title office units, with the first and second floor functioning as the food & beverage and lifestyle commercial spaces. Designed as a business community center, Spazio successfully introduces the concept of 24 hour open office in Surabaya. Type : Investment Property Ownership : 75% Total area : 0.8 ha Location : Graha Festival, West Surabaya Infrastructure : Main road Project Information Launched : 4Q 2010 Construction : 2011 Project completion : 100% Completion : 2012 Spazio Retail Leaseable area : 4,375 sqm Leased : 49% Avg. gross rent in 3Q16 : Rp 130,000/sqm/month Development Income Office Tower Total area (SGA) : 15,220 sqm Market : Strata title Sold : 15,151 sqm (99%)

43 43 National Hospital (Investment Property) National Hospital Surabaya is located within Graha Famili, West Surabaya. It is the first hospital in Indonesia equipped with advanced technology of MRI 3 Tesla Wide Bore, CT Scan 128 slices. Developed by PT Surabaya Jasa Medika, a joint venture between PT Grande Family View (subsidiary) and a strategic partner. Type : Investment Property Ownership : 37.5% Total area : 0.85 ha Location : Graha Famili, West Surabaya Building area : 32,000 sqm Infrastructure : Main road No. of floor : 10 floors (including 2 basements) 5 floors Annex building Project Information Construction : 1 October 2010 Project completion : 100% Grand opening : 12 December 2012 Development Bed capacity GP and Specialists Nurses Center of Excellence : 205 beds and 123 wards : 98 person : 151 person : Neurosurgeon On April 11, 2015, Indonesian Museum of Records (MURI) awarded National Hospital as the first hospital in Indonesia to perform Parkinson surgery, tremor procedure, and Deep Brain Stimulation installation. On the same day, MURI also awarded Dr. Achmad Fahmi, a neurosurgeon specialist at National Hospital, as a pioneer in Deep Brain Stimulation application and in the development of stereotactic brain lesion for Parkinson and movement disorder in Indonesia.

44 44 Intiwhiz Hotel Chain (Investment Property - 30%) The Company, through its subsidiary PT Intiwhiz International, has embarked on hospitality business by opening mediumclass hotels suited to value-conscious, frequent travelers. Under the brand Whiz (two star-plus), Whiz Prime Hotel (threestar) and Grand Whiz (four-star) Hotels, the hotel chain now spreads in several big cities such as Jakarta, Semarang, Bali and Yogyakarta. Whiz Hotel Yogyakarta Whiz Hotel Semarang Grand Whiz Nusa Dua, Bali Grand Whiz Kelapa Gading Whiz Hotel Cikini Whiz Prime Cifest Cikarang Whiz Prime Kelapa Gading Hotels Whiz Hotel Yogyakar ta Central Java Whiz Hotel Semaran g Central Java Grand Whiz Nusa Dua Bali Grand Whiz Kelapa Gading Jakarta Whiz Hotel Cikini Jakarta Grand Trawas Hotel East Java Whiz Prime Cifest Cikarang West Java Whiz Prime Kelapa Gading Jakarta Swift Inn Aeropolis Whiz Prime Balikpap an Whiz Prime Bogor Whiz Prime Darmo Harapan Whiz Prime Manado Whiz Prima Hasanudi n Makasar Whiz Prime Lampung Grand Whiz Poin Square Jakarta Type Own Own Operator Operator Own Operator Operator Operator Own Own Own Operator Operator Own Operator Own Opening Date 10 Oct Nov Jul Dec Jan 2014 Jan 2014 Jul 2014 Jul Feb Feb Nov Nov Nov Mar Apr 2016 July 2016 No. of Rooms Pipeline Project 2016 Whiz Prime Kusumanegara Yogyakarta, Whiz Cilacap, Whiz Tugu Malioboro, Whiz Prime Pekanbaru, Whiz Falatehan Blok M

45 45 Future Additional Recurring Income Stream (2017 and beyond) Projects Kebon Melati I (55% owned) Spazio Tower Praxis Kebon Melati II (55% owned) Leaseable Area Retail (NLA 8,938 sqm) Hotel 102 rooms + function (SGA 10,281 sqm) Retail (SGA 5,032 sqm) Office (SGA 4,140 sqm) Hotel 266 rooms (SGA 14,326 sqm) Retail (NLA 8,609 sqm) Office (SGA 48,509 sqm) Retail (NLA 11,141 sqm) Serviced apartment (SGA 9,726 sqm) Revenue Breakdown In billion Rupiah 1,262 1,082 1,510 1,334 1,828 1,617 2,201 1,974 1,659 1, M16 Recurring Income Development Income Total Revenue

46 Financial Highlights

47 47 Financial Performance Revenue in billion Rupiah EBITDA in billion Rupiah 2, ,262 1,510 1,828 1, M16 Net Income in billion Rupiah M16 Marketing Sales in billion Rupiah ,535 2, ,172 1,650 1,874 1, M M16

48 48 Segments Contribution Revenue in IDR bn Gross Profit Margin % of Revenue 1,659 1,575 94% 81% % 31% 38% 47% 46% 39% 43% 42% Mixed use Houses and & high rise land Industrial Estate Investment Properties TOTAL Mixed use Houses and & high rise land Industrial Estate Investment Properties Overall 9M16 9M15

49 49 Financial Highlights in Rp billion 9M16 Inhouse 9M15 Inhouse YoY Growth in Rp billion 2015 Audited 2014 Audited-R 2013 Audited 2012 Audited Revenue 1,659 1,575 5% Revenue 2,201 1,828 1,510 1,262 Gross Profit % Gross Profit 1, EBITDA % EBITDA Net Income % Net Income EPS % EPS in Rp billion 9M16 Inhouse 2015 Audited Growth in Rp billion 2015 Audited 2014 Audited-R 2013 Audited 2012 Audited Total Assets 11,462 10,289 11% Total Assets 10,289 9,008 7,526 6,092 Total Liabilities 6,545 5,518 19% Total Liabilities 5,518 4,539 3,430 2,141 Total Equity 4,917 4,771 3% Total Equity 4,771 4,469 4,096 3,951 Sales Advance 1,235 1,343-8% Sales Advance 1,343 1,760 1, Cash & Cash Equivalents % Cash & Cash Equivalents Total Debt 3,985 3,200 25% Total Debt 3,200 2,127 1,507 1,014 Net Debt/Equity 72% 59% Net Debt/Equity 59% 35% 24% 20% Gross Profit Margin 43% 42% Gross Profit Margin 47% 54% 47% 39% EBITDA Margin 20% 26% EBITDA Margin 29% 36% 34% 29% Net Income Margin 12% 14% Net Income Margin 18% 24% 21% 14% ROA (Annualized) 2% ROA 4% 5% 4% 3% ROE (Annualized) 6% ROE 8% 10% 8% 5% Dividend Dividend per Share

50 Appendix

51 51 Awards & Achievements Indonesia Property Awards 2016 Intiland Best Developer Indonesia 2016 South Quarter Best Commercial Development & Best Offce Architectural Design 2016 Serenia Hills Best Housing Development 2016 The Hamilton Highly Commended Best Luxury Condo 2016 Intiland Best Wealth Creator SWA 100 Best Wealth Creator 2016 South Quarter Best Green Building Office Indonesia Property & Bank Awards 2016 Intiland Top 10 Developers 2015 BCI ASIA Awards 2015 Intiland The developer building apartments within the biggest development complex in Tangerang BTN Property Awards 2015 Pantai Mutiara The First and The Best Residential Reclamation Project in Indonesia Property and Bank Awards Intiland Top 50 Best Performing Indonesia Companies The 4th Forbes Indonesia Best of the Best Awards Intiland Highly Commended Best Developer (Indonesia) South East Asia Property Awards 2014 Intiland Perusahaan Baik Indonesia Social Responsibility Awards 2014 Intiland Top 10 Developers BCI Asia Awards 2016 The Rosebay Green Planning and Design Green Property Awards 2016 Intiland Top 100 Best Public Companies in Indonesia SWA 100 Wealth Added Creator Index Intiland Top 10 Developers 2014 BCI ASIA Awards 2014 Graha Natura Best Project Development in East Java Indocement Awards 2014 Intiland 50 Best Public Companies Forbes Indonesia Awards Intiland Padmamitra Award 2016 National Hospital The First Hospital in Indonesia performing Parkinson s surgery, tremor and installation of Deep Brain Stimulation (DBS) Museum Rekor Indonesia (MURI) Intiland Silver Champion Property Developer Indonesia WOW Brand Awards 2014 Aeropolis The Best Mixed use Development Project Property & Bank Awards 2014

52 Contact Us Nathan Tanugraha : nathan.tanugraha@intiland.com Dennis Indrawan : dennis.indrawan@intiland.com Investor Relations PT Intiland Development Tbk Intiland Tower, Penthouse Jl. Jend. Sudirman 32 Jakarta Indonesia Tel : Fax: