pt bakrieland development tbk investor · pdf filept bakrieland development tbk is a public...

PT BAKRIELAND DEVELOPMENT Tbk

Investor Presentation 11072014 – Q12014

BAKRIELAND’S PROFILE

PT Bakrieland Development Tbk is a public listed company (code: ELTY)

engaged in property development and related operations.

The Company was established in 1990 and currently has three strategic

business units with more than 30 subsidiaries underneath and ± 2500 talented

professionals.

The Company’s projects are spread out throughout Jakarta, Bogor, Yogyakarta,

Lampung, Surabaya, Bali, and Kalimantan. The projects consist of

superblocks, apartments, offices, malls, landed residential, hotels &

resorts, as well as theme parks which are all located in prime areas.

In Q12014, the company recorded revenues of Rp 664.7 billion and has total

assets in excess of Rp 12.2 Trillion. Over the past five years, Bakrieland has

achieved solid financial performance, characterized by a positive average

sales growth of 26%

MAJOR SHAREHOLDERS (>5%)

CGMI 10.41%

PUBLIC 84.59%

Asuransi Jiwa Sinarmas MSIG

5.00%

CGMI : Custodian Code of Avenue Luxembourg SARL (Avenue Capital)

Asuransi Jiwa Sinarmas MSIG : PT Asuransi Jiwa Sinarmas MSIG

PUBLIC : Each ownership < 5%

Source : share registrar, as of 30 June 2014

CORPORATE STRUCTURE

PT BAKRIELAND DEVELOPMENT TBK

INVESTMENT

Jungle Water Park

Jungle Mall

Aston Bogor Hotel & Resort *

Jungle Festival

PROJECT

Bogor Nirwana Residence

• Jungle Sky Apartment

• The Fusion – Indigo Cluster

• The Fusion – Olive Cluster

• Cendana Cluster

• Harmony Boulevard 2

INVESTMENT

Wisma Bakrie 1

Wisma Bakrie 2

Bakrie Tower *

Aston Rasuna Jakarta *

Plaza Festival

Elite Club Epicentrum

PROJECT

Rasuna Epicentrum:

Grove Condominium

Grove Suites

Wave Condominum

Ocea Condotel

INVESTMENT

Pullman Bali Legian Nirwana*

PT Samudra Asia Nasional

INVESTMENT

Grand Elty Krakatoa

PT Krakatau Lampung Tourism

Development

PROJECT

Sentra Timur Residence

Commercial Park 1 & 2

Mutiara Platinum

Grand Mutiara Platinum

Commercial Park 7

CITY PROPERTY LANDED RESIDENTIAL HOTELS & RESORTS

PROJECT

Sentul Nirwana**

PT Graha Andrasentra

Propertindo

PT Bukit Jonggol Asri

PT Bakrie Pangripta Loka

PT Bakrie Swasakti Utama

INVESTMENT

Grand Elty Singgasana

PT Bakrie Graha Investama

INVESTMENT

Jungleland Adventure Theme

Park**

PROJECT

Awana Yogyakarta

Hadiningrat Terrace

PT Graha Multi Insani

* Partly retained

** Partly owned

PROJECT

Kahuripan Nirwana

PT Mutiara Masyhur Sejahtera

CITY PROPERTY

PROJECTS

CITY PROPERTY PROJECT - RASUNA EPICENTRUM

Jakarta

Jakarta CBD (Golden Triangle)

JAKARTA SUPERBLOCKS 1. Rasuna Epicentrum (53.5 Ha) 2. SCBD (47.7 Ha) 3. Mega Kuningan (44.5 Ha)

A. Bakrie Tower

B. Pasar Festival

C. Elite Club

Epicentrum

D. Taman Rasuna

Apartment

E. Aston Rasuna

Sport complex and retail area, fully developed and retained as recurring-income asset

18 thirty-storey condominium towers (4,250 units), fully developed

A G

I

B

C

D E

F

H

Australian Embassy

MMC Hospital Malaysian Embassy

2 3

F. The Wave

G. The Grove

Condominium

H. The Grove

Suites

I. Ocea Condotel

A

1

Completed Completed

G

Scheduled

completion in

3Q 2014

H

F

Completed

I

Scheduled

completion in

4Q2014

F

RASUNA EPICENTRUM

$ 150.000 - $ 250.000

$100.000 – $ 140.000

$ 27.000 – $ 90.000

PRODUCT PYRAMID PRODUCT PRICE PYRAMID

THE GROVE

CONDOMINIUM THE GROVE

SUITES

• 2 mid-up segment condominium towers with

a total 440 unit

• Total units Sold : 67%

• Construction progress84%

• Target completion in 3Q2014

• Average price per unit : $ 255.000

• Average price per sqm : $ 2.700

• A five star strata hotel with 151 units


• Construction progress 100%

• Completed in 4Q2013



C I T Y P R O P E R T Y D E V E L O P M E N T

• 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

• A four star strata hotel with 324

units


• Construction progress 63%

• Target completion in 4Q2014



• Topping off : 20 June 2014

• 2 mid-up segment condominium

towers with 676 units


• Construction progress100%

• Completed in 4Q2013



THE WAVE

CONDOMINIUM

OCEA

CONDOTEL BAKRIE TOWER


Sentra Timur Superblock in East Jakarta CBD

2

Total 11 apartment towers:

• Phase 1 (3 towers) completed in July 2010

• Phase 2 (3 towers) scheduled completion July 2014.

Total 26 shop houses:

• Phase 1 (11 units) completed in July 2012

• Phase 2 (15 units) scheduled completion December

2013

Total 17 shop houses: Under construction

1 3 4

Sentra Timur Residence

CBD 1

CBD 2

Mutiara Platinum

1

2

3

4

• Total development area : 16.9 Ha

(Land bank : 13.2 Ha)

• Development plan : 40 Ha

1

2

3

4


•Total land area & Total Unit :

CP 1 : 1.995 sqm / 11 units

CP 2 : 2.966 sqm / 15 units

• Launched :

CP 1 : July 2011

CP 2 : April 2012

• Total units Sold (average) : 85%

• Construction Progress :

CP 1 : 100%

CP 2 : 60%

• Price Range : $ 210.000 / unit

• Total land area : 32.343 sqm

• Launched:

Phase 1A : April 2008

Phase 1B : April 2012

Total units :

Phase 1 A : 1.327 units (Unit Sold 88%)

Phase 1 B : 885 units (Unit Sold 60%)


Phase 1A 100%

Phase 1B 65%

• Price Range : $ 27.000 – $ 33.000 / unit

SENTRA TIMUR RESIDENCE COMMERCIAL PARK (CP 1& 2)



MUTIARA

PLATINUM

• Total units : 11


• Launched : 20th October 2012


• Construction Progress : 80%


• Type :

Type 7+ : (LT/LB : 240/120)

Type 8 : (LT/LB : 160/130)

Type 8+Hook : (LT/LB : 260/140)

GRAND MUTIARA

PLATINUM

• Total units: 14


• Launched : November 2013



Infrastructure 85%


• Type :

Standart type : (LT/LB : 182/160

Hook type : (LT/LB : 312/170)

COMMERCIAL PARK 7



• Launched : December 2013


• Construction Progress : Preparation

stages 100%

• Price Range: $ 310.000 / unit



Future Project Sentra Timur (2014-2018)

Condotel

Hypermarket

Commercial Park

Hyper-

market

Se

ntiw

al

k

Condotel

Apartment

Apartment

Commercial

Park II

Com

me

rci

al P

ark

I

Owned by Perumnas (3.7 ha) Joint Operation Area (3 ha)

Condotel

Land Area : 1.502 sqm

Floor Area : 7.324 sqm

Total Floor : 10 floors

Total units : 155 units

Unit Types :

Standard (22,75 sqm, 137 units)

Deluxe (26 sqm, 8 units)

Suite (34,77 sqm, 10 unit)

Facilities :

Coffee shop, meeting room, swimming pool,

gym, function hall

Commercial Park I




Total Floor : 3 floors

Sentra Timur Walk



Total Floor : 2 floors + 1 basement

Total Tenants :

22 units kiosk + 10 units kiosk extention

9 units island

Tenant Area :

Kiosk 2.445 sqm + 224 sqm extention

Island 221,86 sqm

Sentra Timur Walk

Hypermarket

Land Area : 8,040 sqm


Total Floor : 2 floors + 1 semi basement

CENTRAL BUSINESS DISTRICT 1 (± 3.7 Ha)


• Room Type :

Standard (20-22 sqm) : 224 units

Superior (28 sqm) : 64 units

Suite (57 sqm) : 8 units

• Launched : 24th Feb 2012

• Construction Progress : 21,71 %

• Price Range : $ 1.600 - $ 2.300/sqm

AWANA CONDOTEL


• Type :

LT/LB : 90/120

• Launched : 24th Feb 2012

• Construction Progress : 100 %

• Price Range : $ 1.000 - $ 1200/sqm

AWANA TOWNHOUSE

Awana Project in Yogyakarta


Awana Premium (Town House) Project

Development :

• 12 unit art deco & etnic modern premium Townhouse, LT/LB 183/400

Land Area :

• 3.378 sqm (premium Townhouse)

Price Range :

• Townhouse : ± $ 450.000 – $ 640.000/unit

Schedule Construction:

• Townhouse : 2014

Launched : 29th November 2013

Hadiningrat Terrace Hotel & Apartment

Location : Jl. Dr. Sardjito, Yogyakarta (± 1.5 Km

dari UGM & Jl. Malioboro)

Development : Hotel & Apartment

Land Area : ± 3.177 sqm (total)

Price Range : Apartment: ± $ 1.600/sqm

Schedule Construction :

• Hotel : Q2 2014 – Q1 2016

• Apartment : Q2 2014 – Q4 2015

Launched : 8th November 2013

Total Units Sold as of June 2014 : 44%

Future Projects Hadiningrat Terrace Hotel & Apartment & Awana Premium Town House, Yogyakarta

MADURA ISLAND GRESIK

TJ. PERAK

SEAPORT

MADURA

STRAIT

Toll road

Ring road

Rail road To MALANG

To MOJOKERTO JUANDA

INTERNATIONAL

AIRPORT

SURAMADU

BRIDGE

SURABAYA

SIDOARJO

Phase 1 Kahuripan Nirwana

Phase 2 Kahuripan Nirwana

Kahuripan Nirwana distance from nearby strategic area

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

±220 Ha

± 270 Ha

Future Projects KAHURIPAN NIRWANA

To Surabaya

Future Projects

Kahuripan Nirwana 1: Development plan 2014 – 2023 commercial and residential (mixed use)

LANDED RESIDENTIAL

PROJECTS

Rancamaya

A

B

Proposed Bogor

Outer Ring Road

Proposed Bogor

Inner Ring Road

Proposed Ciawi

Sukabumi

Toll Road

Jagorawi

Toll Road

Bogor train station (4 km to BNR)

Batu Tulis train station (1 km to BNR)

• Bogor Nirwana Residence (BNR) is a township development project in Bogor city, with a total development area of ~1.220 Ha

• Current product features : • Middle-upper cluster segment landed residential (selling price: $30.000 –

$450.000) • 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

LANDED RESIDENTIAL PROJECT – BOGOR NIRWANA RESIDENCE

an integrated township in Bogor, targeting middle-up market segment

$ 230.000 - $ 450.000

$ 120.000 - $ 160.000

$ 91.000 - $110.000

$ 30.000 – $ 90.000

BOGOR NIRWANA RESIDENCE Product Price Pyramid

Jungle Sky Apartment The Cliff Cluster The Fusion – Indigo Cluster

Landed Residential Project

Land Area : 6.2 ha


Units Sold : 94%

Price Range : $ 280.000 - $ 450.000 /

unit

Land Area : 1.5 ha

Total tower : 3 towers (6 wings)

Total units : ± 1.200 units

Price Range : $ 30.000 – $ 90.000 / unit

Launched : Wing Azure : 20th April 2013

Units Sold : 45%

Wing Balfour : 1st Juni 2013

Units Sold : 27%

Land Area : 3.7 ha


Units Sold : 98%

Price Range : $ 91.000 - $ 110.000 / unit

an integrated township in Bogor, targeting the middle-up market segment

Land Area : 6.7 ha


Units Sold : 98%

Price Range : $ 120.000 - $ 155.000 /

unit

Land Area : 6.2 ha


Units Sold : 48%

Price Range : $ 230.000 - $ 360.000 /

unit

Land Area : 2.4 ha


Units Sold : 97%

Price Range : $ 130.000 - $ 160.000 / unit

The Fusion – Olive Cluster Cendana Cluster Harmony Boulevard 2

Landed Residential Project

LANDED RESIDENTIAL DEVELOPMENT

Land Area : 2,4 Ha

Building Area : 2,2 Ha

Leasable Area : 1,1 Ha

Tenants :

• Timezone

• Orchard Futsal

• Orchard Karaoke

• Bowling Center

• Lawson / Indomaret

Jungle Mall

Land Area : 4,3ha

Opened : Dec 2007

Visitors : 1 million /year

Themed Entertainment Association as 16th in the

world and 10th in Asia Pacific

Ticket price :

Rp 50.000 (weekday)

Rp 70.000 (weekend)

Rp 85.000 (for special day)

The Jungle Water Park

Supporting Facilities LANDED RESIDENTIAL INVESTMENT

Land Area : 3 Ha

Operation : December 2010

Features : 223 Unit Rooms, 2 Grand Ballroom,

10 Meeting Rooms, 3 Outdoor

Swimming Pool, terrace cafe,

boutique store, coffe shop, pub and

music room, pool side restaurant,

mezzanine café. kids club, spa, fitness

center

Occupancy rate : 85% as of June 2014

Aston Bogor Hotel

Supporting Facilities

Land Area : 5.5 Ha

Opening : December 2013

Target Visitors : 1 million/year

Target market : Groups,family, kids & teenager

Features : Theme Park, Jungle

Bazaar (Center of Arts,

Handy craft and Local &

Int’l Culinary cuisine) , Family

Rides, Education Zone,

Petting Zoo, Garden Festival,

Carnival Show, Light Show,

Branded Restaurants

Jungle Fest

LANDED RESIDENTIAL INVESTMENT

Excellent 1

Land Area : 9 ha

Schedule : Q3 2015

Unit Type : LB/LT 250-350/375-700

Price Range : $ 320.000 – $ 640.000 / unit

Crimson The Fusion

Land Area : 3,17 ha

Schedule : Mei 2014

Unit Type : LB/LT : 200-550

Price Range : $ 270.000 - $ 550.000 / unit

Golden The Fusion

Land Area : 1,9 ha

Schedule : Aug 2014

Unit Type : LB/LT : 150/420

Price Range : $ 270.000 - $ 360.000 / unit

Jungle Fest Apartment

Land Area : 0,9 ha

Schedule : Q3 2015

Total Tower : 3 towers

Total Unit : 650 units

Price Range : $ 27.000 - $ 100.000 / unit

Grand Cendana

Land Area : 7,3 ha

Schedule : Sept 2014

Unit Type : LB/LT : 120-170/200-320

Price Range $ 110.000 - $ 180.000 / unit

*Image browsing *Image browsing

Future Project Bogor Nirwana Residence 2014 - 2015 LANDED RESIDENTIAL & APARTMENT

HOTELS & RESORTS PROJECTS

PULLMAN BALI LEGIAN NIRWANA

H O T E L & R E S O R T D E V E L O P M E N T

• The first 5-star strata hotel in Kuta-Bali

• Managed by Accor International

• 356 five-star hotel units on 2.4 ha land

• Commenced Operations in February 2011

• 75% average occupancy rate as of May 2014

HOTEL & RESORT DEVELOPMENT

Trans Sumatera main road

~35 km to Bakauheni Port

~62 km to Radin Inten II Airport

• Grand Elty Krakatoa (GEK) is a regional city hotel

within Krakatoa Nirwana Resort in Kalianda, South

Lampung, covering a total area of 350 Ha land

• Operated by Elty Hotel & Resort (BHR’s flagship

branded hotel chain)

• 40 hotel room units & 36 villas units

• Features excellent beach restaurant, beach lounge,

beach activities, swimming room, meeting rooms

Grand Elty Krakatoa

HOTEL & RESORT INVESTMENT

• 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 (BHR’s hotel chain)

• GES is managed through Build, Operate, Transfer (BOT)

agreement with Tenggarong local government

• 74 rooms & suites

• Features near location to tourism destination (Pulau

Kumala, Mulawarman Museum) and business district,

ballroom & meeting room, sports area,

Grand Elty Singgasana


Facade - Existing

Facade - Refurbishment Room Interior - Refurbishment

Ballroom - refurbishment

• Location : Samarinda, East Kalimantan

• 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

Future Project Grand ELTY Samarinda, East Kalimantan


FINANCIAL

HIGHLIGHTS

Financial Highlights

Comprehensive Income (Rp billion)

Financial Ratio Q12014 Q12013

Operating Margin 16.4% 48.0%

EBITDA Margin 20.2% 50.3%

Debt(3) to Equity(2) 46.4% 47,3%

Liabilities to Asset 39.8% 42.5%

538.968.5108.9

664.7 313.3

1,122.9

Q12014 Q12013

Net Profit(1) Operating Profit Revenue

Financial Position (Rp billion)

Liability Equity(2) Asset

(1) Profit for the year attributable to parent entity

(2) Equity atributable to the parent entity

(3) Interest bearing debt

Q12014 Q12013

LAND BANK

Location Land Bank (Ha)

City Property

Rasuna Epicentrum CBD Jakarta 0.5

Sentra Timur East Jakarta 13.0

Kahuripan Nirwana Sidoarjo 425.0

Hadiningrat Terrace Yogyakarta 0.4

Landed Residential

Bogor Nirwana Residence Bogor 293.6

Hotel & Resort

Grand Elty Krakatoa Lampung 100.0

Total 832.5

PT BAKRIELAND DEVELOPMENT TBK

Thank You For further information please contact :

Marc Dressler (Director & Chief Service 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

[email protected]

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.

pt bakrieland development tbk investor · pdf filept bakrieland development tbk is a public...

Documents