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Page 1: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 2: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 3: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

DISCLAIMER

This presentation has been prepared by PT Lippo Karawaci Tbk (“LPKR”) and is circulated for the purpose of general information only. It is not

intended for any specific person or purpose and does not constitute a recommendation regarding the securities of LPKR. No warranty

(expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report

constitute our judgment as of this date and are subject to change without prior notice. LPKR disclaims any responsibility or liability whatsoever

arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this

presentation and neither LPKR nor any of its affiliated companies and their respective employees and agents accepts liability for any errors,

omissions, negligent or otherwise, in this presentation and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements

The information communicated in this presentation contains certain statements that are or may be forward looking. These

statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward

looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from

those described in this presentation. Factors that could cause actual results to differ include, but are not limited to, economic, social

and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in

regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency

exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for LPKR’s

developments and related capital expenditures and investments; the cost of construction; availability of real estate property;

competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee

wages, benefits and training, governmental and public policy changes; LPKR’s ability to be and remain competitive; LPKR’s

financial condition, business strategy as well as the plans and objectives of LPKR’s management for future operations; generation

of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among

others, materialize, actual results may vary materially from those estimated, anticipated or projected. Specifically, but without

limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or

performance might not be fully realized. Although LPKR believes that the expectations of its management as reflected by such

forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such

expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak

only as of the date hereof, and LPKR undertakes no obligation to update or revise any of them, whether as a result of new

information, future events or otherwise.

Page 4: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 5: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 6: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 7: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

Largest listed property Company by Revenue and Total Assets. Revenue and Net Income for Full Year 2012: US$637 million and US$110 million, respectively.

Fastest growing Indonesian real estate group (market cap grew by more than 10x to US$2.3billion1 since the merger of eight property related companies in 2004). Market leader in townships & residential property, hospitals, and retail malls.

Integrated business model with ability to recycle capital, and largest diversified landbank throughout Indonesia. Only Property Company rated by three rating agencies (BB- by Standard & Poor’s2 , BB- by Fitch3, Ba3 by Moody’s 4) Included in MSCI Global Standard Indices & major Indonesia Stock Exchange Indices: LQ45,IDX30, Jakarta Islamic Index, Bisnis-27 and Kompas-100.

Strong International Partners and Shareholders.

Award winning Developer.

1As of Sept 30 2013 2Affirmed on March 21, 2013 3Affirmed on July 18, 2013 4Affirmed on November 4, 2013

Page 8: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 9: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 10: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

PAPUA

KALIMANTAN

JAVA

SULAWESI

MALUKU

JAVA

N

Page 11: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

WEST JAKARTA

SOUTH JAKARTA

EAST JAKARTA

CENTER OF JAKARTA

NORTH JAKARTA

N

Page 12: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

PROPERTY OPERATIONS

DEVELOPERS

REITs

Majority of Indonesian

Developers

Majority of Indonesian

Developers

Developer, Operator and REIT & Portfolio

Managers

Page 13: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 14: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

Transforming US$3 billion to US$8 billion in 5 years.

Performance and promotion to double Lippo Karawaci’s Market Cap in short term. Build significant ”Leadership Premium”.

Globalize Lippo Karawaci Investor Base.

Strengthen Residential / Township Group.

Realize US$3 billion Retail Malls Group.

Transformational Hospital Group scale-up to US$3.5 billion in 5 years.

Build a US$7.5 billion Asset Management / REIT Group in 5 years.

More focus on Asset-Turn Deals. Realize Maximum Value for Hotel Group. Build Strong Recurring Extraordinary Earnings.

Page 15: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 16: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 17: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 18: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 19: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 20: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

PRESIDENTIAL SUITES

140 UNITS

NEW PRESIDENTIAL SUITES

159 UNITS

AMBASSADOR SUITES

144 UNITS

NEW AMBASSADOR SUITES

167 UNITS JW MARRIOTT HOTEL

500 UNITS

ROYAL SUITES

231 UNITS

NEW ROYAL SUITES

197 UNITS

OFFICE

CONVENTION

CENTER

SHOPPING MALL

INTERNATIONAL

SCHOOL

CLUB HOUSE

WEDDING CHAPEL

SILOAM

HOSPITALS

SEA

WORLD

Page 21: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 22: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 23: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

JCIA

Page 24: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

Plus 2 hospitals recently acquired in Kuta and Nusa Dua, Bali

Page 25: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

There are 19 hospitals currently in various stages of development

Page 26: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 27: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 28: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 29: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 30: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 31: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

2,066

1,830

466 420

1,854

1,248

372 346

-

500

1,000

1,500

2,000

2,500 754

192

270

109

647

215 179

98

-

100

200

300

400

500

600

700

800

Page 32: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

2010 2011 2012 2013P 2014P

3.13

4.19

6.16 1) 6.66

11.6 2)

2010 2011 2012 2013P 2014P

854 1,083

1,686 1) 1,790

3,722 2)

2010 2011 2012 2013P 2014P

525 708

1,060 1)

1,219

2,679 2)

1) FY 2012 includes Revenue, EBITDA, and Extraordinary Net Income After Tax amounting to Rp879M, Rp 365 M dan Rp 358M respectively 2) Preliminary projection FY 2014 includes Revenue, EBITDA and Extraordinary Net Income After Tax amounting to Rp 3T, Rp 1.4T dan 1.25T respectively

Page 33: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 34: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

0.4 1.8 3.2

273.3 250.0

130

0

50

100

150

200

250

300

350

400

450

2012 2013 2014 2015 2016 2019 2020

253.2

403.3

* Bank Loans (except Bonds) are denominated in IDR

Page 35: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 36: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

PROJECTS 2010 2011 2012 2013

Budget

2013 ( R )

Budget

2014

URBAN DEVELOPMENT

Lippo Village 294 152 241 113 129 975

Lippo Cikarang 569 1,301 2,061 1,698 2,320 2,000

Tanjung Bunga 202 303 577 433 400 700

San Diego Hills 95 126 185 156 150 200

Sub Total 1,160 1,882 3,064 2,400 2,999 3,875

CONDOMINIUM

Kemang Village 699 495 747 310 239 51

The St Moritz (JKT) 399 568 655 187 230 440

Park View - 222 17 11 11

Nine Residence - - 182 67 71

City of Tommorow - 1 - - -

New Projects - - - - 1,450

- Holland Village - - - 510 519 661

- Lippo Thamrin Office - - - 619 639 342

Sub Total 1,098 1,286 1,601 1,704 1,709 2,944

RETAIL INVENTORIES (29) 11 18 11 10 -

Sub total - Property 2,229 3,179 4,683 4,115 4,718 6,819

ASSET SOLD TO THE REITS 220 - 2,077 1,482 1,482 3,200

TOTAL MARKETING SALES 2,449 3,179 6,760 5,597 6,200 10,019

Page 37: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 38: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 39: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 40: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 41: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 42: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 43: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 44: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 45: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 46: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

55% 45%

65%

35% 1st 10 Years

60%

Succeeding 20 Years

40%

Page 47: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 48: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

No OWNER 31 Dec 07 31 Dec 08 31 Dec 09 31 Dec 10 31 Dec 11 31 Dec 12 30 Sep 13

1 MOH 31 31 31 31 32 32 32

2 PROVINCE

GOVERNMENT

81 82 84 85 85 89 94

3 MUNICIPAL

GOVERNMENT

52 54 59 63 86 88 92

4 DISTRICT GOVERNMENT 313 341 378 403 411 444 453

5 ARMY / POLICE 112 112 125 131 134 155 159

6 OTHER MINISTRIES /

PUBLIC COMPANIES

78 78 78 79 80 79 79

7 PRIVATE 652 673 768 840 893 1,179 1,273

TOTAL 1,319 1,371 1,523 1,632 1,721 2,066 2,182

Page 49: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 50: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 51: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,
Page 52: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

-

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

700,000,000

800,000,000

900,000,000

1,000,000,000

- 100 200 300 400 500 600 700 800 900

1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800

Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13

2,287 2,291

1,351 1,248 1,220 1,072

522

LippoKarawaci

Bumi SerpongDamai

CiputraDevelopment

Pakuwon Jati SummareconAgung

Alam Sutra AgungPodomoro -

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13

Page 53: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

20 Most Active Stocks by Trading Value

Bank Rakyat Indonesia (Persero) Tbk.

Astra International Tbk. [S]

Trada Maritime Tbk.

Bank Central Asia Tbk.

Matahari Department Store Tbk.

Bank Negara Indonesia (Persero) Tbk.

Lippo Karawaci Tbk. [S]

Kalbe Farma Tbk. [S]

Alam Sutera Realty Tbk. [S]

Indofood Sukses Makmur Tbk. [S]

Indocement Tunggal Prakarsa Tbk. [S]

United Tractors Tbk. [S]

Bumi Serpong Damai Tbk. [S]

Gudang Garam Tbk.

Indomobil Sukses Internasional Tbk.

Media Nusantara Citra Tbk. [S]

Perusahaan Gas Negara (Persero) Tbk. [S]

Bank Mandiri (Persero) Tbk.

No. Listed StocksTotal Trading Trading

Volume %Value (Rp) Freq. (X) Days

1. 7,932,497,825 5.17 63,127,551,954,084 542,367 184

3. 6,746,937,053 4.86 59,353,234,721,491

2. 8,462,713,898 5.03 61,411,964,652,561 495,545 184

468,799 184

Telekomunikasi Indonesia (Persero) Tbk. [S]

31,830,012,538,645 275,577

518,149 184

176,249 184

4. 7,801,732,569

5. 26,631,506,768 3.01 36,748,115,978,626

4.52 55,161,527,782,851

289,980

184

387,730 184

363,678 184

147,454 131

8. 5,548,340,173

9. 3,174,365,724 2.32 28,349,506,678,950

2.45 29,880,031,884,765

Semen Indonesia (Persero) Tbk. [S]7. 1,893,657,285 2.48 30,255,414,060,166

6. 3,176,283,252 2.61

271,143

184

409,054 184

631,632 184

391,390 184

12. 15,787,902,363

13. 23,057,226,146 1.62 19,838,672,220,840

1.67 20,347,625,593,868

11. 20,160,128,450 2.19 26,702,023,094,800

10. 6,058,597,502 2.20 26,843,025,436,120

194,909

184

240,601 184

266,171 184

337,112 184

16. 930,899,077

17. 9,874,009,894 1.32 16,116,527,097,900

1.39 16,920,409,311,904

15. 769,088,233 1.39 17,017,588,307,791

14. 2,546,383,666 1.42 17,366,167,356,192

184

35,169 184

324,909 184 20. 5,336,639,449 1.23 15,024,491,519,085

19. 2,848,484,647 1.26 15,356,129,054,026

18. 324,541,082 1.29 15,699,704,567,602

Page 54: DISCLAIMER - Lippo Karawaci Presentation... · Largest listed property Company by Revenue and Total Assets.Revenue and Net Income for Full Year 2012: US$637 million and US$110 million,

Mark Wong (Director) email : [email protected]

Address :

Menara Matahari, 22nd Floor

7 Boulevard Palem Raya

Lippo Village

Tangerang 15811

Banten – Indonesia

telp.+62 21 25669000

fax. +62 21 25669099

website : www.lippokarawaci.co.id