results presentation (6m18)
TRANSCRIPT
Results Presentation (6M18)
2- Business Presentation
Results Summary (Income Statement)
(Rp bn) 6M18 6M17 % YoY
Revenue 2,805 2,826 -1%Effect of -1% YoY in Property Development segment
and flat Recurring segment
COGS (1,479) (1,423) 4%
Gross Profit 1,326 1,403 -6%
Gross Profit Margin 47% 50% Effect of product mix
Operating Expense (780) (815) -4%
Operating Profit 545 588 -7% Effect of decline in Gross Profit Margin
Operating Profit Margin 19% 21%
Interest Income (Expense) - Net (251) (177) 42%Interest from Ciputra World Jakarta 2 project fully
expensed after project completion in 3Q17
Other Income (Expense) - Net 52 85 -39%High-base effect from divestment of Fatmawati project
for Rp65.9bn in 1Q17
Final Tax and Income Tax (122) (127) -4%
Net Income Before Non-Controlling Interest 225 369 -39%
Non-Controlling Interest 49 29 67% Higher revenue recognition from JV projects
Net Income Attributable to Owners 176 340 -48%
Net Profit Margin 6% 12%
3- Business Presentation
Results Summary (Revenue Breakdown and Margin Performance)
(Rp bn) 6M18 6M17 % YoY
Revenue Breakdown
Property Development Revenue 1,990 2,013 -1%
Houses, shophouses, and land lots 1,518 1,564 -3% Revenue recognition schedule skewed towards 2H18
Apartments 267 344 -22% Near completion of Voila, Orchard, and The Residence projects
Office for sale 204 105 95% Construction progress of Tokopedia Care Tower and Kemayoran Tower 1
Recurring Revenue 815 813 0%
Shopping malls 373 354 5%
Hotels 212 223 -5% High-base effect of Royal Family visit in Raffles Hotel
Hospitals 101 76 34% Improving patient volume
Office leasing 70 58 21% Newly opened Tokopedia Tower
Others 58 102 -43%
Total Revenue 2,805 2,826 -1%
Margin Performance
Property Development GPM 46% 48%
Houses, shophouses, and land lots 48% 49%
Apartments 44% 43%
Office towers 36% 42%
Recurring GPM 50% 55%
Shopping malls 61% 70% Effect of lower rental reversions
Hotels 38% 42% High-base effect of Royal Family visit in Raffles Hotel
Hospitals 44% 49%
Office leasing 56% 64%
Others 30% 31%
Effect of product mix
4- Business Presentation
Results Summary (Revenue per Segment and per Location)
Houses, shophouses, and
land lots54%
Apartment Strata10%
Office Strata7% Shopping
Malls13%
Hotels8%
Others8%
Revenue per Segment (6M18)
Greater Jakarta56%
Greater Surabaya
16%
Other Java17%
Sumatra8%
Sulawesi2%Others
1%
Revenue per Location (6M18)
• Development = 71% (Houses + Apartments + Office)• Recurring = 29% (Malls + Hotels + Hospitals)
• Sustained focus on geographically diversified revenue sources to minimize concentration risk
5- Business Presentation
Results Summary (Historical Revenue Breakdown)
4.2
5.2
6.1
5.1 4.7
2.0
0.8
1.1
1.4
1.6 1.7
0.8
16%18% 18%
24%27%
29%
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2013 2014 2015 2016 2017 6M18
Rp tn Development vs. Recurring Revenue
Development Revenue Recurring Revenue Recurring as % of Total Revenue
• Continued focus on high-growth core development business and complemented by stable recurring assets
6- Business Presentation
Key Developments
• Launched 11 new clusters/towers in existing projects with a combined presales of Rp1.2tn (38% of 1H18 achievement)• New Clusters / Towers = Ciputra World Surabaya (Surabaya), CitraSun Garden Semarang (Semarang), CitraIndah City
Jonggol (South Greater Jakarta), CitraLand Surabaya (Surabaya), CitraLand Cibubur (South Greater Jakarta), CitraGarden Sidoarjo (Greater Surabaya), The Taman Dayu Pandaan (West Surabaya), CitraMaja Raya (West Java), CitraLand The Green Lake Surabaya (Surabaya), CitraLand Talassa City Makassar (Makassar), CitraLand Palembang (Palembang)
• Total 6M18 presales reached Rp3.3tn (43% of FY18 target)
• En bloc sale of 192 apartment units to The Ascott (CapitaLand) in Ciputra World Jakarta 2• Booked as Rp675bn presales in October 2017
• Issued SGD150mn Medium Term Note with 4-year maturity and 4.85% coupon rate (September 2017)• SGD35mn for working capital and SGD115mn for refinancing• 100% call-spread
• Received a credit rating from Fitch of BB- / Stable Outlook (September 2017)
• Completed merger of 2 subsidiaries CTRS and CTRP (January 2017)
7- Business Presentation
30%
27%16%
9%
16%
1%
2017
22%
28% 24%
11%
12%3%
6M18
66%
14%
18%
2%
2017
66%
18%
12%
4%
6M18
5,088 5,081 4,549 4,411
1,377 1,811
3,099
1,625 2,661 2,831
1,291 1,306
991
480 431 480
277 195
2015 2016 2017 2018T 6M17 6M18
Directly-Owned JO - Profit Sharing JO - Revenue Sharing
Pre-Sales Summary
Presales per Location
Presales per Product
(Rp bn)
Units Sold10,668 8,288 8,645 3,775 5,039
Area Sold (Ha)
104 73 85 44 45
Historical Presales
Houses + land lots Shophouses Apartments Office
Greater Jakarta Surabaya Other Java
Sumatra Sulawesi Others
7,6407,186
9,179
7,722
2,9453,312
8- Business Presentation
33% 34%40% 36%
41%
32%24%
30%
24%23%
27%
26%
24%
30%28%
8%16%
6% 10% 8%
2014 2015* 2016 2017* 6M18
< Rp1bn Rp 1-2bn Rp 2-5bn > Rp 5bn
33% 32%
49% 48% 51%
57% 57%
36% 40% 37%
10% 11%15% 12% 12%
2014 2015* 2016 2017* 6M18
Mortgage Installments Cash
Pre-Sales Summary
Presales per Payment Method Presales per Unit Price
• Rising mortgage payment due to higher exposure to end-users and better accessibility to mortgages
• Units below Rp2bn continue to make up majority of presales as end-users are targeted
*Note: 2015 and 2017 excludes en bloc sales to Ascott (Rp835bn and Rp675bn)
9- Business Presentation
Sufficient Land Bank to Sustain >15 Years of Development
Total directly-owned land bank of 2,521 Ha Gross (1,500 Ha Net)
Ha Ha 2010-13 CAGR 2013-17 CAGR 2017
CitraGarden City 83 - 48% 9% 16.1
CitraRaya Tangerang 138 552 63% 10% 3.8
CitraIndah Jonggol 143 139 17% 17% 1.6
CitraLand Cibubur 18 64 - - 3.8
Total Greater Jakarta 382 755
CitraLand Surabaya 405 569 33% 16% 9.9
CitraHarmoni Sidoarjo 120 32 31% 22% 4.6
CitraGarden Sidoarjo 10 5 23% 29% 6.8
Total Surabaya 535 606
CitraGarden Lampung 3 - 28% 3% 2.3
CitraLand Lampung 7 48 - 21% 4.4
CitraLand Pekanbaru 10 - - 15% 4.7
CitraLand NGK Jambi - 2 - 5% 3.2
Ciputra Beach Resort 4 47 - 12% 9.4
CitraLand Palembang - 122 - - 3.2
Total 941 1,580
Directly-Owned Project
Developed Land
(Saleable)
Undeveloped Land
(Raw)Land ASP Trend
Land ASP
(Rp mn per sqm)
10- Business Presentation
Rights to Additional Land Bank Through Joint-Operation Schemes
CitraLake Sawangan Depok 12 4.4 CitraGrand Senyiur City Samarinda 397 1.6
Total Greater Jakarta 12 CitraGarden City Samarinda 100 2.5The Taman Dayu Pandaan 600 3.5 CitraLand City Samarinda 93 2.8CitraLand The Green Lake Surabaya 40 9.0 CitraMitra City Banjarbaru 172 1.1CitraIndah Sidoarjo 2 3.7 CitraLand Banjarmasin 40 3.4
Total Greater Surabaya 642 CitraGarden Banjarmasin 10 3.1
CitraMaja Raya 1,200 1.3 CitraGarden Aneka Pontianak 27 5.8CitraLand BSB City Semarang 100 2.7 Citra BukitIndah Balikpapan 21 4.4CitraGrand Semarang 55 3.9 CitraCity Balikpapan 9 10.5CitraSun Garden Semarang 17 5.9 CitraLand Denpasar 18 11.6CitraGarden City Malang 100 3.8 Total Kalimantan + Bali 888
Citra Green Dago Bandung 70 3.9 CitraGrand Galesong City Gowa 500 2.0CitraGarden BMW Cilegon 47 2.9 CitraLand City Losari Makassar 157 14.6CitraLand Cirebon 45 2.4 CitraLand Talassa City Makassar 69 4.3CitraLand Puri Serang 43 2.1 CitraLand Celebes Makassar 30 5.4CitraGarden Pekalongan 10 1.9 CitraGarden Makassar 15 2.6CitraGrand Mutiara Yogyakarta 9 5.1 CitraLand Palu 17 4.1CitraSun Garden Yogyakarta 6 7.1 CitraLand Kendari 15 3.5
Total Java Ex-Jakarta Ex-Surabaya 1,702 Total Sulawesi 803
CitraRaya City Jambi 611 1.0CitraGrand City Palembang 165 2.5CitraLand Bagya City Medan 123 6.5CitraLand Botanical City Pangkalpinang 57 1.8Citra AeroLink Batam 21 3.8CitraLand Megah Batam 19 3.0CitraGarden Pekan Baru 20 1.9
Total Sumatra 1,016
Land ASP
(Rp mn per sqm)
2017
Joint Operation Project Development
Plan (Ha)
Land ASP
(Rp mn per sqm)
2017
Joint Operation Project Development
Plan (Ha)
Total JO Land Bank of 5,063 Gross Ha
11- Business Presentation
High-rise (Apartment and Office - Strata Title)
Suginoki 3,867 64% 37%
Yahinoki 5,450 25% 27%
CitraLake Suites 17,986 54% 100%
Citra Living 9,064 91% 35%
Kemayoran Citra Towers 37,955 73% 50%
Raffles Residence 41,500 84% 100%
DBS Bank Tower 19,284 93% 100%
Tokopedia Tower 28,000 76% 97%
The Orchard 36,000 98% 97%
The Residence 14,000 97% 98%
Ciputra World Jakarta 2 Ext. The Newton 15,800 94% 29%
Tokopedia Care Tower 24,000 81% 87%
San Francisco 21,000 40% 87%
Office Tower 2 19,500 62% 23%
Amsterdam 25,500 85% 87%
318,906Vieloft SOHO 38,170 34% 24%
Office Tower 38,433 63% 5%
Voila Apartment 35,801 94% 100%
The Vertu 9,070 68% 32%
CitraLand Surabaya Denver Apartment 22,481 70% 5%
Total Surabaya 143,955Barsa City Yogyakarta Cornell 8,534 36% 2%
CitraPlaza Nagoya Tower 1 15,926 93% 1%
Vida View Apartment Brentsville 24,640 33% 72%
511,961
Construction
Progress
Total Saleable
Area (sqm)
Sold
%
Total High-rise Projects
High-rise Project Tower
Total Jakarta
CitraGarden City Jakarta
Ciputra World Jakarta 1
Ciputra World Jakarta 2
Ciputra International
Ciputra World Surabaya
CitraRaya Tangerang
Total unsold high-rise area of 144,000 m²
12- Business Presentation
Healthy Occupancy and Lease Expiry Profile for Malls
2013 2014 2015 2016 2017 6M18
Ciputra World Jakarta 1 81,000 100% 100% 100% 100% 100% 100%Ciputra World Surabaya 56,000 96% 98% 99% 95% 94% 93%Ciputra Mall Jakarta 42,700 97% 97% 98% 95% 97% 98%Ciputra Mall Semarang 20,190 100% 90% 98% 99% 100% 98%
Ciputra Mall CitraRaya Tangerang 26,000
Ciputra World Surabaya Extension 37,300
Net Leasable
Area (m²)Mall
Planned completion end-2019
Planned completion early-2020
Occupancy Rate
Expansion Plans
11%13%
6%
16%
54%
-
20,000
40,000
60,000
80,000
100,000
120,000
2018 2019 2020 2021 2022 Onwards
Lease Expiry Profile (by NLA)(m²)
Total mall NLA of 200k m² with average occupancy rate of 97%
13- Business Presentation
Continued Strong Performance of Diversified Recurring Assets
Revenue per Available Room (RevPAR) across hotels
Hospital Assets
Rp '000 2014 2015 2016 2017 6M17 6M18 % YoY
Ciputra World Jakarta 1 (Raffles Hotel) - - 813 1,520 1,458 1,163 -20%
Ciputra World Surabaya Hotel - 419 482 504 476 394 -17%
Ciputra Hotel Jakarta 453 404 393 391 327 465 42%
Ciputra Hotel Semarang 373 400 427 443 407 442 9%
CitraDream Hotel Bintaro - - 281 245 230 218 -5%
CitraDream Hotel Cirebon 110 135 148 122 116 112 -3%
CitraDream Hotel Yogyakarta 279 266 254 160 130 148 14%
CitraDream Hotel Semarang 128 179 169 162 144 128 -11%
CitraDream Hotel Bandung 152 229 207 148 143 143 0%
Hospital Project LocationStart
Operation
Total
Area (Ha)
Capacity
(Beds)Remarks
Ciputra Hospital Jakarta CitraRaya Tangerang (Greater Jakarta) Nov-11 1.2 126 CTRA's first healthcare project
Ciputra Hospital Tangerang CitraGarden City (Jakarta) Dec-15 1.2 236 -
Ciputra Mitra Hospital CitraLand Banjarmasin (Kalimantan) Nov-16 1.5 168 JV with Mitra Group
14- Business Presentation
Debt Profile
15%13% 12%
32%
14%
4%3%
4%2%
9.0%
12.7% 12.1% 11.7%10.3%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Short Term Bank Loan Maturity Long Term Bank Loan Maturity Bonds and Notes Payable Maturity Borrowing Cost
Fixed23%
Floating77%
Foreign Currency
21%
Rupiah79%
As of Jun-18Total Borrowings: Rp8.0tn
(Rp tn)
Maturity Profile (% of total debt)
Borrowing Cost*
*Borrowing Cost calculation includes capitalized interest expense of Rp72bn, 96bn, 74bn, 131bn, 179bn in 2013, 2014, 2015, 2016, and 2017.
15- Business Presentation
Capex Schedule
2.1
0.9
1.9
0.6
2015 2016 2017 6M18
Rp tn
Historical Capex
Land for Development
81%
Office for Lease5% Hotel
2%Mall3%
Others9%
6M180.6tn
• Land acquisition capex largely for land reclamation project in Makassar
16- Business Presentation
Financial Highlights
5,077
6,340
7,514 6,739 6,443
2,826 2,806
2013 2014 2015 2016 2017 6M17 6M18
Revenue
2,546
3,330 3,724
3,290 3,019
1,403 1,326 50%
53%
50% 49%47%
50%47%
2013 2014 2015 2016 2017 6M17 6M18
Gross Profit
Gross Profit Gross Margin
1,303
1,685 1,645
1,021 894
340 176
26% 27%22%
15% 14%
12%6%
2013 2014 2015 2016 2017 6M17 6M18
Net Profit
Net Profit Net Margin
-15% -7% 10% 17% 22% 28% 33%
1.6 1.4 1.4 1.5
1.9 1.9 1.8
2012 2013 2014 2015 2016 2017 6M18
Key Ratios
Net Debt to Equity Current Ratio
(Rp bn)
(Rp bn)
(Rp bn)
17- Business Presentation
Balance Sheet Summary
Jun 2018 Dec 2017 Dec 2016 Dec 2015
Assets 32,881 31,872 29,169 26,259
Cash & cash equivalents 2,986 3,239 3,471 3,034
Land 12,356 11,696 10,109 9,229
Fixed Assets 3,070 3,144 3,034 2,962
Investment Properties 4,938 4,931 4,908 4,521
Others 9,530 8,862 7,647 6,512
Liabilities 17,420 16,322 14,787 13,208
Debt 8,024 7,618 6,662 5,277
Advances from customers 6,874 6,459 5,851 5,732
Others 2,522 2,245 2,274 2,200
Equity 15,462 15,551 14,382 13,050
Minority interests 2,153 2,113 1,688 1,541
Equity net of minority interests 13,308 13,438 12,694 11,510
Debt to Total Equity 52% 49% 46% 40%
Net Debt to Total Equity 33% 28% 22% 17%
Rp bn
18- Business Presentation
Growth Strategy
• Retain healthy land bank levels (currently sufficient for >15 years of development) by continuously replenishing land bank in existing projects while searching for new strategic locations
• Sustain wide geographical footprint (currently have a presence in 33 cities) to allow diversification of products and target market while minimizing concentration risk
• Continue to leverage on the Ciputra brand equity by continuing Joint-Operation schemes with land owners
• Maintain prudent capital management (net gearing at 0.33x as of 6M18) with a well-balanced debt maturity profile and mixed sources of funding
• Create innovative product launches to best cater to existing demand by capitalizing on the flexibility given by ample and diverse land bank
• Increase portion of recurring income while simultaneously boost synergy by focusing on complimentary amenities within existing developments (e.g. malls, hospitals, and offices)
19- Business Presentation
CitraMaja Raya Banten
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average land selling price
Unit sold
Others
Lebak, Banten, West Java
November 2014
1,200 ha (sold 218 ha)
Middle to middle-low
Rp 540 billion
Rp 107 million to Rp 1.3 billion
IDR 217 million
IDR 1.3 million
2,491 units
Launched new clusters of Legian, Uluwatu and Bedugul in Apr-18.
Key Projects 2018
20- Business Presentation
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average land selling price
Unit sold
Others
Key Projects 2018
CitraLand Surabaya
West Surabaya
1993
1,700 ha (sold 723 ha)
Middle to middle-high
Rp 525 billion
Rp 508 bllion to Rp 4.9 billion
Rp 2.0 billion
Rp 8.8 million
267 units
Launched new clusterrs of Palma Galeria 3 in Feb-18 and North West Central in May 2018. Pre-sales was recorded at Rp474billion.
21- Business Presentation
CitraRaya Tangerang
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average land selling price
Unit sold
Others
Tangerang, West of Jakarta
1994
2,760 ha (sold 826 ha)
Middle-low to middle-high
Rp 252 billion
Rp 198 million to Rp 2.4 billion
Rp 884 million
IDR 4.6 million
285 units
-
Key Projects 2018
22- Business Presentation
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average land selling price
Unit sold
Others
CitraLand City Losari Makassar
Makassar, South Sulawesi
October 2015
157 ha (sold 30 ha + 50 ha to government)
Middle to high
Rp 238 billion
Rp 2.2 billion to Rp 57.5 billion
Rp 4.8 billion
Rp 14.4 million
50 units
Grand-launching event in Mar-18 to celebrate 100% land reclamation process for 1st phase (100Ha)
Key Projects 2018
23- Business Presentation
Vertu Apartment Surabaya
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average selling price
Unit sold
Others
Ciputra World Surabaya, Surabaya
Feb 2018
16,600 sqm (SGA)
Middle
Rp 187 billion
Rp 666 million to Rp 2.7 billion
Rp 1.3 trillion
Rp 30 million
139 units
A joint-venture projectDevelopment consists of 168 units with size ranging from 27 to 84 sqm
Key Projects 2018
24- Business Presentation
CitraGarden City Jakarta
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average land selling price
Unit sold
Others
Kalideres, West Jakarta
1984
444 ha (sold 364 ha)
Middle to high
Rp 133 billion
Rp 930 million to Rp 4.7 billion
Rp 3.0 billion
Rp 15.2 million
38 units
-
Key Projects 2018
25- Business Presentation
Citra Plaza Nagoya Batam
Location
Launch
Development plan
Market segment
Pre-sales 6M18
Selling price per unit
Average unit selling price
Average selling price
Unit sold
Others
Batam, Sumatra
Dec 2017
6.3 ha (launched 1 tower)
Middle
Rp 122 billion
Rp 135 million to Rp 1.4 billion
Rp 588 million
Rp 19.6 million
208 units
A joint-venture project
Key Projects 2018
Appendix
A: New Corporate Structure Post Merger
B: Corporate Milestones
C: Competitive Strength
D: Project Portfolio
E: Management Team
F: Company Awards
G: Indonesia Macroeconomics
27- Business Presentation
New Corporate Structure Post Merger
28- Business Presentation
Corporate Milestones
2006 : - Issuance of 2.4 billion shares withoutpre-emptive rights for debt settlement
- Rights Issue II2007 : IPO of PT Ciputra Property Tbk (CTRP)2015 : Share dividend distribution2016 : Share dividend distribution
Merger plan with CTRS and CTRP
Developed and launched:2007 : Ciputra World Surabaya2008 : Ciputra World Jakarta2009 : CitraLand Celebes Makassar, our first
project in Sulawesi2011 : Ciputra Hospital Tangerang, our first health
care project 2012 : CitraDream Hotel Cirebon, our first budget
hotel2013 : Ciputra Beach Resort Bali, our first resort
development 2015 : CitraLand City Losari in Makassar, our first
reclamation residential project2016 : Ciputra Mitra Hospital, our first health care
project in Kalimantan
1997 : Economic crisis hit Indonesia. Start of debt restructuring process
1999 : PT Ciputra Surya Tbk (CTRS)’s listing on JSX
2000 : Bonus shares distribution
Developed and launched:2005 : CitraGarden Lampung in Sumatra and
CitraGarden Banjarmasin in Kalimantan, marking the beginning of business expansion outside of Java
h
1994 : IPO and listing on JSX1995 : Issuance of Notes (US$ 100 million)1996 : - Rights issue I
- Listing on SSX- Issuance of bond (Rp 150 billion)- Issuance of TLCF (US$ 25 million)
(Transferrable loan certificate facility)
Developed and launched:1984 : CitraGarden City, our first project, in West Jakartaz1993 : - CitraLand, our first and largest township project in Surabaya
- Ciputra Mall & Hotel Jakarta, our first commercial project1994 : CitraRaya Tangerang, our largest township development
project, covering an area of more than 2,700 ha
Established under the name of PT Citra Habitat Indonesia
Project Development -> OVER 30 YEARS EXPERIENCE………..
Capital raising & corporate actions -> STRENGTHEINING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION………..
29- Business Presentation
Geographically Diversified Project Portfolio
Cilegon
SemarangSurabaya
Banjarmasin
Balikpapan
Samarinda
B. Lampung
Palembang
JAVA
Makassar
CitraGarden CityCitraRayaCitraIndahCitraLakeCitraTowers KemayoranCitraLand
CitraGarden CityCitraRayaCitraIndahCitraLakeCitraTowers KemayoranCitraLand
CitraGardenCitraLandCitraGardenCitraLand
Ciputra Mall & HotelCitraDream HotelCiputra Mall & HotelCitraDream Hotel
CitraLandCitraHarmoniCitraGardenCitraIndahThe Taman DayuCitraLand Green Lake
CitraLandCitraHarmoniCitraGardenCitraIndahThe Taman DayuCitraLand Green Lake
CitraGrand City CitraGrand City
CitraGardenCitraLandBizPark Commercial Estate
CitraGardenCitraLandBizPark Commercial Estate
Citra BukitIndahCitraCityCitra BukitIndahCitraCity
CitraLand CityCitraGrand Senyiur CityCitraGarden City
CitraLand CityCitraGrand Senyiur CityCitraGarden City
SidoarjoPandaan
Ciputra Mall & HotelSomerset Grand CitraCiputra WorldCiputra HospitalCiputra HospitalDIPO Business CenterCitraDream HotelCiputra InternationalCiputra World 2 Extension
Ciputra Mall & HotelSomerset Grand CitraCiputra WorldCiputra HospitalCiputra HospitalDIPO Business CenterCitraDream HotelCiputra InternationalCiputra World 2 Extension Ciputra Golf
Ciputra WorldCiputra GolfCiputra World
KALIMANTAN
56
CitraGreen DagoCitraGreen Dago
Bandung
CitraLand CelebesCitraGardenVida View ApartmentCitraGrand Galesong CityCitraLand City LosariCitraLand Talassa City
CitraLand CelebesCitraGardenVida View ApartmentCitraGrand Galesong CityCitraLand City LosariCitraLand Talassa City
CitraSun GardenCitraGrandCitraLand BSB
CitraSun GardenCitraGrandCitraLand BSB
CitraLand NGKCitraRaya CityCitraLand NGKCitraRaya City
Jambi
Pekan Baru
CitraLandCitraGardenCitraLandCitraGarden
CitraLandCitraLand
Kendari
CitraGardenCitraGardenCitraLandCitraLand
Denpasar
Tegal
CitraLandCitraLandJogjakarta
CitraLand Botanical CityCitraLand Botanical City
Pangkalpinang
CCitraSun GardenCitraGrand Mutiara
CCitraSun GardenCitraGrand Mutiara
Medan
CitraLand Bagya CityCitraLand Bagya City
Palu
CitraLandCitraLand
Jakarta
Pekalongan
Banjarbaru
CitraMitra CityCitraMitra City
Depok
CitraLandCitraLand
CitraLand MegahCitra AeroLinkCitra Plaza
CitraLand MegahCitra AeroLinkCitra Plaza
Tangerang
CitraGarden BMWCitraGarden BMW
Batam
Cirebon
CitraDream HotelCitraDream Hotel
CitraDream HotelCitraDream Hotel
CitraDream HotelCitraDream Hotel
Bengkulu
Ciputra Mitra HospitalCiputra Mitra Hospital
Ciputra Beach ResortCiputra Beach Resort
Lebak
Serang
CitraMaja RayaCitraMaja Raya
CitraLand PuriCitraLand Puri
Malang
CitraGarden CityCitraGarden City
CitraGarden Aneka CitraGarden Aneka
Pontianak
The NivataThe Nivata
Townships & residential projects
projects in 33 cities
Commercial property projects19
30- Business Presentation
Greater Jakarta Project Portfolio
31- Business Presentation
We are well positioned in Indonesia’s current property outlook
because of the following factors:
Focus on real estate business
Most diversified in market targets, products offered & project locations
Large land bank at prime locations to support future growth
Reputable brand & experienced management team
Increase in housing needs
Urbanization trends
Change in customers’
lifestyle
Potential economic
growth
Government stimulus plan
Availability in mortgage
facility
Stable political outlook
BUSINESS PROSPECT
Steady launch and development of pipeline projects
Competitive Strength
32- Business Presentation
Experienced Management Team
Artadinata Djangkar
Board of Commissioners Board of Directors
KodradiIndependent member
DR. Ir. CiputraChairman
Dian Sumeler Candra CiputraPresident
Harun HajadiRina Ciputra S. Junita Ciputra
Sandra Hendharto Henk WangitanIndependent member
Thomas BambangIndependent member
Cakra Ciputra Budiarsa Sastrawinata
Agussurja Widjaja MI Meiko Handojo Sutoto YakobusNanik J. Santoso
Tanan H. Antonius Tulus SantosoCorporate Secretary
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Company Awards
100 Fastest Growing Company Award 2017:2nd Place in Property, Real Estate and Construction Sector
Indonesia Most Innovative Business Award 2017:Winner in Property and Real Estate Category
IAIR Award 2017:Company of the YearIndonesia Property and Real Estate
Indonesia Top Ten Developers 2017
Indonesia Most Admired Companies Award2017:Winner in Property Category
Indonesia Most Admired Companies Award2017:Top 15
Corporate Image Award 2017:The Best in Building and Managing Corporate ImageCategory: Housing Developer
Emiten Pilihan Analis dalam ProgramYuk Nabung Saham 2017
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Corporate SecretaryPT. CIPUTRA DEVELOPMENT TBK
Ciputra World 1DBS Bank Tower 39th FloorJl. Prof. DR. Satrio Kav. 3-5Jakarta 12940 - INDONESIAPhone : +62 21 29885858 / 6868Fax : +62 21 29888787Email : [email protected] : www.ciputradevelopment.com
Investor Relations
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The content of this material are provided on a strictly private confidential basis and shall be the proprietary of PT. CIPUTRA DEVELOPMENT Tbk. Information contained in the material are intended for information purpose and does not constitute or form part of an offer solicitation, invitation or inducement to purchase or subscribe for any securities of the PT. CIPUTRA DEVELOPMENT Tbk. or any contract or commitment whatsoever, and further is not intended to be distributed, reproduced or copied at any time to any party without prior written consent of PT. CIPUTRA DEVELOPMENT Tbk. The communication of this information herein is restricted by law, it is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation in such jurisdiction.
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This presentation may contain forward-looking statements and assumptions that are subject to various risks and uncertainties which may change over time and in many cases are outside the control of the company. 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.
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@ PT Ciputra Development Tbk