Presentation 3Q2013

Transcription

Presentation 3Q2013

170609-1Q09
251113 – 3Q2013
www.bakrieland.com
BAKRIELAND’S PROFILE
2
Vision & Mission
Our vision
To become a leading integrated property company in Indonesia
Our mission
Delivering integrated quality living products for the nation tHat leverage our
competencies and development partners in a way tHat upholds financial and
environmental sustainability
3
ABOUT BAKRIELAND
PT Bakrieland Development Tbk is a public listed company (code: ELTY) engaged
in property and mixed use development.
The company is the first developer of the largest superblock (53,5 Ha) in the Jakarta
CBD area (City Property), a developer of Landed Residential, as well as Hotels &
Resorts and theme park projects tHat are all located in Indonesia’s prime areas.
4
MANAGEMENT TEAM - BAKRIELAND
BOARD OF COMMISSIONERS

Bambang Irawan Hendradi
President Commissioner

Armansyah Yamin
Commissioner

Supartono
Commissioner

Lukman Purnomosidi
Independent Commissioner

Kanaka Puradiredja
Independent Commissioner
BOARD OF DIRECTORS & SENIOR EXECUTIVES
 Ambono Janurianto
President Director
 Agus J.Alwie
Director
 Marc Dressler
Director
 Buce Yeef
Chief Financial Officer
 Kurniawati Budiman
Corporate Secretary
 Yudy Rizard Hakim
Chief Corporate Affairs Officer
5
CORPORATE STRUCTURE
PT BAKRIELAND DEVELOPMENT TBK
INTEGRATED PROPERTY COMPANY
CITY PROPERTY
LANDED RESIDENTIAL
HOTELS & RESORTS
PT Bakrie Swasakti Utama
INVESTMENT
PT GraHa Andrasentra P.
PT Samudra Asia Nasional
INVESTMENT
INVESTMENT
Jungle Water Park
Pullman Bali Legian Nirwana *
Wisma Bakrie 1
Wisma Bakrie 2
Bakrie Tower *
Epiwalk & Mediawalk
Aston Rasuna Jakarta *
Plaza Festival
Jungle Mall
Aston Bogor Hotel & Resort *
Jungle Festival **
PT Krakatau Lampung T. D.
INVESTMENT
PROJECT
Grand Elty Krakatoa
Bogor Nirwana Residence
Elite Club Epicentrum
• Jungle Sky Apartment
PROJECT
• The Fusion – Indigo Cluster
PT Bakrie GraHa Investama
Rasuna Epicentrum:
• The Fusion – Olive Cluster
INVESTMENT
Grove Condominium
• Cendana Cluster
Grand Elty Singgasana
Grove Suites
• Harmony Boulevard 2
Wave Condominum
Ocea Condotel
PT Bakrie Pangripta Loka
PROJECT
PT Bukit Jonggol Asri
INVESTMENT
Jungleland Adventure Theme
Park***
Sentra Timur Residence
PROJECT
PT GraHa Multi Insani
Sentul Nirwana***
PROJECT
Awana Yogyakarta
Hadiningrat Terrace
* Partly retained
** to be completed in Dec 2013
*** Partly owned
6
MAJOR SHaREHOLDERS (>5%)
CGMI
10.41%
FIDELITY
INVESTMENT
5.08%
PUBLIC
84.51%
CGMI
FIDELITY INVESTMENT
PUBLIC
: Custodian Code of Avenue Luxembourg SARL (Avenue Capital)
: THE NORTHERN TST CO SA FIDELITY INVESTMENT
: Each ownership < 5%
Source : SHare Registrar, as of 31 October 2013
7
CITY PROPERTY
PROJECTS
8
Rasuna Epicentrum Superblock in Jakarta CBD
CITY PROPERTY DEVELOPMENT
18 thirty-storey condominium towers (4,250 units), fully developed
Jakarta
H
K
E
Current Land
Bank 5,000 m2
G. Media Walk
B. Lifestyle Center
H. The Wave
C. Pasar Festival
I.
D. Elite Club
Epicentrum
F
B A
J I G
A. Bakrie Tower
E. Taman Rasuna
Apartment
The Grove
Condominium
J. The Grove Suites
K. Ocea Condotel
F. Aston Rasuna
A
D
B
C
Australian
MMC
Embassy Hospital
Malaysian
Embassy
1
3
2
Completed
Completed
Sport complex and retail area, fully developed and retained as recurring-income asset
I
J
H
K
Scheduled
completion in
1Q 2014
Scheduled
completion in
4Q 2013
Scheduled
completion in
4Q 2013
Scheduled
completion in
4Q2014
Jakarta CBD (Golden Triangle)
JAKARTA SUPERBLOCKS
1. Rasuna Epicentrum (53.5 Ha)
2. SCBD (47.7 Ha)
3. Mega Kuningan (44.5 Ha)
The first and the largest superblock
2010 Indonesia Property & Bank Award
9
City Property Product Pyramid
US$ 150,000 - US$
250,000
US$100,000 – US$
140,000
US$ 27,000 – US$
90,000
10
THE GROVE
CONDOMINIUM
THE GROVE
SUITES
Project
• 2 mid-up segment condominium towers with
440 units
• Total Units Sold : 79.3%
•A
five star strata hotel with 151 units
• Total Units Sold : 79.5%
• Construction progress  99%
• Construction progress77%
• Target completion in 1Q2014
• Average price : US$ 255,000 / unit
• Average price : US$ 2,400 / sqm
02/09/2013
02/09/2013
11
THE WAVE
CONDOMINIUM
OCEA
CONDOTEL
Project
• 2 mid-up segment condominium towers with 848
units
• A four star strata hotel with 324 units
• Total Units Sold : 67%
• Construction progress98%
• Construction progress 51%
02/09/2013
02/09/2013
12
BAKRIE TOWER
Investment
• Jakarta’s highest strata
office tower
• 47-storey of grade-A office
building with 62,035 sqm
useable area
• In operation since May
2010
• 96% total take up rate
EPICENTRUM XX1
LIFESTYLE
CENTER
• A cinema with a unique
red carpet concept in an
independent building
• Capacity  300 seats and
500 seats (the largest
capacity in Jakarta in
terms of seating)
• Equipped with a lounge for
gatherings, events etc.
• Entertainment center and
office tower
• 29,208 sqm useable area
• Tenants  Farmers Market,
Starbucks, Flagship Store,
Cafe & Restaurants, Banks
(BNI, BCA) etc
• 92% total take up rate
13
Sentra Timur Superblock in East Jakarta CBD
Total 11 apartment towers:
•
PHase 1 (3 towers) completed inJuly 2010
•
PHase 2 (3 towers) scheduled completion July
2014.
2
Total 26 shop houses:
3
•
PHase 1 (11 units) completed in July 2012
•
PHase 2 (15 units) scheduled completion
December 2013
Total 17 shop houses: Under construction
4
1
• Total development area : 16.9
Ha (Land bank : 13.2 Ha)
• Development plan : 40 Ha
1
2
3
11.
22.
Sentra Timur Residence
33.
44.
CBD 2
CBD 1
Mutiara Platinum
4
14
Sentra Timur Residence & Superblock (1/2)
SENTRA TIMUR RESIDENCE
COMMERCIAL PARK (CP 1& 2)
T. Abu-abu
T. Ruby
T. Orange
• Total land area : 32.343 M2
• Launched:
 PHase 1A : April 2008
 PHase 1B : April 2012
 Total units :
• PHase 1 A : 1.327 units (Unit Sold 82%)
• PHase 1 B : 885 units (Unit Sold 47%)
•Construction Progress :
 CP 1 : 1.995 M2 / 11 units
 CP 2 : 2.966 M2 / 15 units
• Launched :
 CP 1 : July 2011
 CP 2 : April 2012
• Construction Progress :
 PHase 1A 100%
 CP 1 : 100%
 PHase 1B 39.4%
 CP 2 : 54.8%
• Average Price : US$ 27,000 – US$ 33,000 / unit
15
•Total land area & Total Unit :
• Average Price : US$ 210,000 / unit
15
Sentra Timur Residence & Superblock (2/2)
MUTIARA PLATINUM
GRAND MUTIARA PLATINUM
COMMERCIAL PARK 7
• Total units : 11
• Total units: 14
• Launched : 20th October
2012
• Launched : November 2013
• Launched : December 2013
• Total Units Sold (average) :
0%
• Total Units Sold (average) :
60%
78.5%
• Average Price : US$ 190,000
16
Infrastructure 77%
• Average Price : US$
200,000
Preparation stages 100%
• Average Price: US$
310,000
16
Awana Project in Yogyakarta
AWANA CONDOTEL
AWANA TOWNHOUSE
• Room Type :
• Type :
 Standard (20-22 sqm) : 224 units
 LT/LB : 90/120
 Superior (28 sqm) : 64 units
• Launched : Feb 2012
 Suite (57 sqm) : 8 units
• Construction Progress : 100%
• Launched : 24th Feb 2012
• Average Price : US$ 1,000/sqm
• Construction Progress : 22%
• Average Price : US$ 1,600 - US$
2,300/sqm
17
17
Future Project Rasuna Epicentrum: Tower 5 Condotel &
Apartment
Location
15
Tower 5
Development
: Condotel & Apartment
Land Area
: 4.840 sqm
Average Price
:
• Condotel : US$ 3.600/sqm
• Apartment : US$ 3.200/sqm
Schedule Construction : Q2 2014 – Q2 2016
18
Future Project Awana Premium Town House
& Hadiningrat Terrace Hotel & Apartment, Yogyakarta
Awana Premium (Town House) Project
Hadiningrat Terrace Hotel & Apartment
Development :
• 12 unit art deco & etnic modern premium Townhouse
• LT/LB 183/400
Land Area :
• 3.378 sqm (premium Townhouse)
Average Price :
• Townhouse : ± US$ 450,000 – US$ 640,000 /unit
Location
Schedule Construction:
• Townhouse : 2014
Launched :
19
29th
November 2013
: Jl. Dr. Sardjito, Yogyakarta (± 1.5 Km
dari UGM & Jl. Malioboro)
Development : Hotel & Apartment
Land Area
: ± 3.177 sqm (total)
Average Price : Apartment: ± US$ 1,600 /sqm
Schedule Construction
:
• Hotel : Q2 2014 – Q1 2016
• Apartment: Q2 2014 – Q4 2015
Launched
: 8th November 2013
19
Future Project Sentra Timur, Jakarta (2014-2018)
Central Business District I (± 3.7 Ha)
Condotel
Sentiwalk
Commercial
Park I
Hyper- Commercial
market
Park II
Apartment
Condotel
Land Area
: 1.502 sqm
Floor Area
: 7.324 sqm
Total Floor
: 10 floors
Total units
: 155 units
Unit Types
:
• Standard (137 units @22,75 sqm)
Condotel
• Deluxe (8 units @ 26 sqm)
• Suite (10 units @ 34,77 sqm)
Apartment
Facilities
:
Coffee shop, meeting room, swimming pool,
fitness center, function Hall
Owned by Perumnas (3.7 Ha)
Joint Operation Area (3 Ha)
Commercial Park
Hypermarket
Commercial Park I
Land Area
: 3.008 sqm
Floor Area
: 3.240 sqm
Total units
: 16 units
Total Floor
: 3 floors
Sentra Timur Walk
Sentra Timur Walk
Land Area
: 5.231 sqm
Floor Area
: 8.771 sqm
Total Floor
: 2 floors + 1 basement
Total Tenants
:
22 units kiosk + 10 units kiosk extension
Hypermarket
9 units island
Land Area
: 8,040 sqm
Floor Area
: 10.316 sqm
Total Floor
: 2 floors + 1 semi basement
20
Tenant Area
:
Kiosk 2.445 sqm + 224 sqm extension
Island 221,86 sqm
20
Future Project Kahuripan Nirwana
MADURA ISLAND
GRESIK
SURAMADU
BRIDGE
Destination
Distance
Estimation
(km)
Time
Estimation
(minutes)
Surabaya
35
30-40
Bandara Juanda
30
30-40
Rungkut
20
20-30
Stasiun Kereta Api
Sidoarjo
5,4
15-20
Alun-alun Sidoarjo
4,8
10-15
Gelanggang Olahraga
Sidoarjo
2,9
5-10
RSUD Sidoarjo
6,2
15-20
MADURA
STRAIT
TJ. PERAK
SEAPORT
SURABAYA
JUANDA
INTERNATIONAL
AIRPORT
To MOJOKERTO
Kahuripan Nirwana range distance with
strategic location
PHase 1 Kahuripan Nirwana
±220 Ha
SIDOARJO
± 280 Ha
PHase 2 Kahuripan
Nirwana
Toll road
To MALANG
Ring road
Rail road
21
Future Project Kahuripan Nirwana 1: Development plan
2014 – 2023 commercial and residential (mixed use)
To Surabaya
Housings & Commercial
Water Park
Theme Park
Hotels
To Malang
22
LANDED RESIDENTIAL
PROJECTS
23
Bogor Nirwana Residences is an integrated township in Bogor,
targeting middle-up customers segment
•
Bogor Nirwana Residence (BNR) is a township development
project in Bogor city, with total development area of ~1.220 Ha
•
Current product features :
•
Middle-upper cluster segment landed residential (selling price:
0.2 – 6 Bio Rp)
•
Commercial (The Jungle Mall with leasable area ~11,315 sqm
; OrcHard walk with saleable area ~15,735 sqm)
•
4-star hotel (Aston Hotel & Resort 223 rooms)
•
Jungle Water Park (with 1 million visitors in 2012)
A
B
Rancamaya
Jagorawi
Proposed Bogor
Toll Road
Inner Ring Road
Proposed Bogor
Proposed Ciawi
Outer Ring Road Sukabumi
Toll Road
A Bogor train station (4 km to BNR)
B Batu Tulis train station (1 km to BNR)
24
24
Landed Residential Product Pyramid
US$ 230,000 - US$
450,000
US$ 120,000 - US$
160,000
US$ 91,000 - US$
110,000
US$ 27,000 – US$
90,000
25
Landed Residential Project
Jungle Sky Apartment
The Cliff Cluster
The Fusion – Indigo Cluster
Land Area : 1.5 Ha
Land Area
: 6.2 Ha
Land Area
: 3.7 Ha
Total tower : 3 towers (6 wings)
Total units
: 72 units
Total units
: 118 units
Total units : ± 1.200 units
Units Sold
: 94%
Units Sold
: 89%
Average Price : US$ 27,000 – US$
Average Price
: US$
Average Price
: US$ 91,000 -
90,000
280,000 - US$ 450,000
US$ 110,000
Launched :
Wing Azure : April 2013
Units Sold : 76%
Wing Balfour : June 2013
Units Sold : 45%
26
Landed Residential Project
The Fusion – Olive Cluster
Cendana Cluster
Land Area
: 6.2 Ha
Land Area
Total units
: 84 units
Total units : 153 units
Total units : 54 units
Units Sold
: 86%
Units Sold
Units Sold : 97%
Average Price
: US$
Average Price : US$ 120,000 -
Average Price
US$ 155,000
130,000 - US$ 160,000
230,000 - US$ 360,000
: 6.7 Ha
Harmony Boulevard 2
: 98%
Land Area : 2.4 Ha
: US$
27
Supporting Facilities
The Jungle Water Park
Jungle Mall
Land Area
: 2,4 Ha
Land Area
: 4,3Ha
Building Area
: 2,2 Ha
Opened
: December 2007
Leasable Area : 1,1 Ha
Visitors
: 1 million /year
Tenants
Themed Entertainment Association as
:
• Timezone
16th in the world and 10th in Asia Pacific
• OrcHard Futsal
Ticket price
• OrcHard Karaoke
Rp 50.000 (weekday)
• Bowling Center
Rp 70.000 (weekend)
• Lawson / Indomaret
Rp 85.000 (for special day)
:
28
Supporting Facilities
Jungle Fest
Land Area
: 5.5 Ha
Schedule Opening
: Q4 2013
Aston Bogor Hotel
Land Area : 3 Ha
Operation : December 2010
Target Visitors
: 1.5 million/year
Features
Target market
: Groups, family, kids &
223 Unit Rooms, 2 Grand Ballrooms, 10
meeting rooms, 3 outdoor swimming pool,
teenager
Features
:
:
terrace cafe, boutique store, coffe shop, pub
Theme Park, Jungle Bazaar (Center of
and music room, pool side restaurant,
Arts, Handiecraft and Local & Int’l Culinary
mezzanine café. kids club, spa, fitness
cuisine) , Family Rides, Education Zone,
center
Petting Zoo, Garden Festival, Carnival
Average occupancy rate : 82% as of October
Show, Light Show, Branded Restaurants
2013
29
Future Project Bogor Nirwana Residence 2014 - 2015
Landed Residential & Apartment
*Image
browsing
*Image
browsing
Crimson The Fusion
Land Area : 3,17 Ha
Schedule
: Mei 2014
Unit Type
: 200-550
Average Price
270,000 - US$ 550,000
: US$
Jungle Fest Apartment
Land Area
: 0,9 Ha
Schedule
: Q3 2015
Total Tower : 3 towers
Total Unit
: 650 units
Average Price
: US$
27,000 - US$ 100,000
Golden The Fusion
Land Area
: 1,9 Ha
Schedule
: Aug 2014
Unit Type
: 150/420
Average Price
270,000 - US$ 360,000
: US$
Excellent 1
Land Area : 9 Ha
Schedule
: Q3 2015
Unit Type
: LB/LT 250-350/375700
Average Price
: US$
320,000 – US$ 640,000
Grand Cendana
Land Area : 7,3 Ha
Schedule
: Sept 2014
Unit Type
: 120-170/200-320
Average Price
US$
110,000 - US$ 180,000
30
HOTELS & RESORTS
PROJECTS
31
HOTEL
LIFETIME INVESTMENT
Project
PULLMAN BALI
LEGIAN NIRWANA
HOTEL & RESORT DEVELOPMENT
Seminyak
•
The first 5-star strata hotel in Kuta-Bali
•
Managed by Accor International
•
356 five-star hotel units on 2.4 Ha
•
Commenced Operations in February 2011
•
85% average occupancy rate as of October 2013
PULLMAN BALI
LEGIAN NIRWANA
KUTA
BEACH
Jimbaran
Bali island
HaRD ROCK
HOTEL - BALI
32
Grand Elty Krakatoa
Trans Sumatera
main road
~35 km to
Bakauheni
Port
• Grand Elty Krakatoa (GEK) is a regional
city hotel within Krakatoa Nirwana Resort
in Kalianda, South Lampung, covering a
~62 km to
Radin
Inten II
Airport
total area of 350 Ha land
• Operated by Elty Hotel & Resort (BNS’s
flagship branded hotel cHain)
• 40 hotel room units & 36 villas units
• Features excellent beach restaurant, beach
lounge, beach activities, swimming room,
meeting rooms
33
Grand Elty Singgasana
• Grand Elty Singgasana (GES) is a regional
city hotel in Tenggarong, East Kalimantan (2nd
largest city after Samarinda and known for it’s
coal mining industry), targeted for business
travel and company gathering activities
• Operated by Elty Hotel & Resort
• GES is managed through Build, Operate,
Transfer (BOT) agreement with Tenggarong
local government
• 74 rooms & suites
• Features :
• ballroom & meeting room, sports area, near
location to tourism destination (Pulau Kumala,
Mulawarman Museum) and business district,
34
Future Project Grand ELTY Samarinda, East
Kalimantan
Facade - Existing
Ballroom - Refurbishment
•
Location : Samarinda, East
Kalimantan
•
Facade - Refurbishment
Room Interior - Refurbishment
•
Total room : 212

Superior: 10

Deluxe: 53

Business: 142

Junior Suite: 4

Executive Suite: 2

Royal ELTY Suite: 1
Features : restaurant, ballroom,
meeting room, karaoke, bar lounge,
executive lounge, spa, business
center, retail (Commercial area)
Activity
Schedule
Refurbishment (2 pHases)
Q4 2013-Q2 2015
Soft Opening
Q4 2014
Grand Opening
Q4 2015
35
FINANCIAL
HIGHLIGHTS
36
COMPREHENSIVE INCOME
3,500
2,950
Net Revenues (Rp billion)
3,000
2,691
5-year CAGR (2008-2012) :
2,500
1,928*
29%
2,000
1,500
1,054
1,059
2008
2009
1,368
1,000
500
0
2010
2011
2012
3Q2013
* Restated due to the divestment of toll road
(IDR billion)
Net Revenues
Gross Profit
Operating Profit
EBITDA
Net Income**
3Q2013
2,690.7
1,618.2
1,095.0
1,184.2
757.6
3Q2012
1,257.5
628.2
148.0
215.1
(133.0)
% Change
114.0
157.6
639.9
450.5
669.6
** Income attributable to owners of the parent entity
9M13
1H13
IQ13
4Q12
3Q12
2Q12
1Q12
4Q11
3Q11
2Q11
1Q11
4Q10
3Q10
2Q10
1Q10
4Q09
Quarterly Revenue
3Q09
2Q09
IDR bn
1Q09
3,000
2,500
2,000
1,500
1,000
500
0
37
FINANCIAL POSITION
IDR billion
2010
audit ed
Cash & cash equivalents
2011
audit ed
2012
audit ed
3Q2013
unaudit ed
860.6
597.1
268.4
207.2
5,580.3
5,958.8
4,448.0
1,547.7
349.3
298.8
1,240.6
4,524.1
Inventories and land banks
6,312.5
6,662.7
6,788.6
3,962.7
Other assets
3,961.5
4,190.5
2,490.0
3,913.9
17,064.2
17,707.9
15,235.6
14,155.6
Interest bearing liabilities 1
4,389.2
4,841.8
3,561.2
3,556.0
Other liabilities
2,193.0
1,964.0
2,510.2
2,293.0
Non-controlling Interest
2,460.0
2,555.2
1,858.0
72.5
Equity 2
8,022.0
8,346.9
7,306.2
8,234.1
17,064.2
17,707.9
15,235.6
14,155.6
Fixed assets
Investment in share of stock
Total assets
Total liabilities & Equity
3
1  Including equity-linked bonds
2  Equity attributable to parent entity
3  Including non-controlling interest in equity
38
LAND BANK
30 September 2013
Location
City Property
Rasuna Epicentrum
CBD Jakarta
0.5
Sentra Timur
East Jakarta
13.2
Kahuripan Nirwana
Sidoarjo
Hadiningrat Terrace
Yogyakarta
Landed Residential
Bogor Nirwana Residence
Sentul*
Hotel & Resort
Grand Elty Krakatoa
Total
Bogor
Land
Bank (Ha)
500.0
0.3
755.0
Jonggol
1,000.0
Lampung
99.8
2,368.8
* In finalization progress
39
PT BAKRIELAND DEVELOPMENT TBK
THank You
For further information please contact :
Marc Dressler (Director & Chief Services Officer)
Gilang Rakasiwi (Investor Relations)
Wisma Bakrie 1, 6th Floor
Jl. HR Rasuna Said Kav. B-1
Jakarta 12920
Tel +62 21 525 7835
Fax +62 21 522 5063
investor-relations@bakrieland.com
http://www.bakrieland .com
Disclaimer: Any statements & presentations in this booklet are for information
purposes only and may contain forward-looking statements tHat involve risks
and uncertainties. Many of which are difficult to predict and are generally
beyond the control of the company. Such risks and uncertainties could cause
actual results and developments to differ materially from those expressed in or
implied in these statements. Considerable care Has been taken in preparing
information which is contained in this presentation. However, PT Bakrieland
Development Tbk is unable to provide any warranty concerning the accuracy or
completeness of any information contained herein.

Presentation 3Q2013

Transcription

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