company_presentations.pdf

www.hanson.co.id

PT Hanson International TbkOverview of Hanson’s Property Business

May 2014

Contents

Contents

1. About Hanson pg 03

2. Overview of Hanson’s Property Business pg 04

3. Serpong Kencana Development pg 13

4. Pacific Millenium Land pg 18

5. Maja Land pg 235. Maja Land pg 23

6. Cengkareng and Bekasi Land pg 31

7. Projected Financial Statement pg 34

2 2

About Hanson

• PT Hanson International Tbk (“Hanson”) is one of the biggest investment companies in Indonesia with > USD800

million market capitalization.

• Hanson runs three businesses under different subsidiaries namely property, mineral mining and oil sludge

processing.

• Property business will be Hanson’s main focus in the future.

PT Mandiri Mega Jaya

(“MMJ”)Property

Company in brief

3

Mining

Oil Processing

PT Binadaya Wiramaju

PT De Petroleum

Corporate Structure

Key Management

Mr. Benny Tjokrosaputro

President Director of

Hanson and MMJ

• More than 20 years of experience in land acquisition and property

development.

• Mr Benny and family is well recognized through its property development

in Solo Baru,Central Java and in Serpong through Paramount Group.

Mr. Tanto Kurniawan

Commissioner of MMJ

• More than 20 years of experience in property development.

• Currently serves as President Director of PT Plaza Indonesia Jababeka and

President Commissioner of Graha Buana Cikarang, subsidiary of PT

Jababeka Tbk.

• Previously served as CEO of Paramount Group and CEO of PT Jaya Real

Property Tbk.

Overview of Hanson’s Property Business

Map of Land Ownership List of Land Ownership*

Name Land Size (hectare)

• Hanson through PT Mandiri Mega Jaya (“MMJ”) owns close to 3,000 hectares of land in Greater Jakarta area (as

at Dec 2013).

• As per today, the total land area has exceeded 3,000 hectares as several other land acquisitions have been done

in 1Q-2014.

• Hanson group has been in the land and property business for more than 20 years and has supplied more than

10,000 hectares of land to major developers in Greater Jakarta.

CengkarengBekasi (hectare)

Bekasi Land 293

CengkarengLand

34

Maja Land 1,953

Serpong Land 532

Others 124

Total 2,936

Jakarta, Indonesia

Bekasi

Maja

Serpong

4

*As at Dec 2013

With huge land bank, we are building cities not tow ns

• Our land in Maja and Serpong are large enough for the development of a satelite city which will greatly contribute to local

governments’ income and jump-start the infrastructure development in the area.

• We are in close discussion with local government of Bogor to develop Bogor Barat city covering from South Serpong to Maja.

• With majority of land parcels owned by Hanson, Agung Podomoro and Kalbe, we plan to cooperate with Bogor’s local government

to build road infrastructure connecting South Serpong to Maja which will serve as artery road of the Bogor Barat city.

• .

Alam SuteraLippo

Karawaci

Cikupa

Industrial

Cikande

Industrial

Citra Raya

Jakarta – Merak Toll Road

5

Maja Land

Bumi

Putra

Persada

Serpong Land

Maja StationParung Panjang

Station

Tenjo, owned by Agung

Podomoro

Serpong StationBSD City

Owned by Kalbe

Serpong – Bintaro

toll road

Bogor Barat

Cisauk

Station

Serpong Kencana

Pacific Milennium

Cilejit

Station

Tenjo

StationCicayur

Station

With huge land bank, we will build more than 160,00 0 houses

• Indonesia lacks of 15 million of houses with approx. 2 millions alone in Greater Jakarta area. The number is increasing at approx.

800 thousands unit per year due to population growth. Clearly, there is significant shortage of housing in Indonesia.

• With our huge land-bank in Serpong and Maja, we are ready to deliver more than 160,000 lower to middle class houses which will

significantly help the Government’s initiative to provide affordable housing to greater number of population.

Alam SuteraLippo

Karawaci

Cikupa

Industrial

Cikande

Industrial

Citra Raya

Jakarta – Merak Toll Road

6

Maja Land

>500,000

populations and

>130,000 lower-

middle class

houses

Bumi

Putra

PersadaSerpong Land

>100,000 populations and

>30,000 middle-class houses

Maja StationParung Panjang

Station

Serpong StationBSD City

Serpong – Bintaro

toll road

Cisauk

Station

Serpong KencanaPacific Milennium

Cilejit

Station

Tenjo

StationCicayur

Station

Development Pipeline

Serpong

2014

Pacific Milennium Kick-off

•JV with a consortium of real estate developers

with concession area of 850 ha, 650 of which is

already freed.

• MMJ will hold 40% shares, the largest single

majority.

• Middle to Upper Middle class residential area.

• Target marketing sales: IDR536 billion (~USD53

million)

Serpong Kencana Kick-off

•Land area of 46.6 ha which will be self-

developed by Hanson.

• First cluster pre-sales has been started, nearly

300 units have been sold.

• Target marketing sales: IDR508 billion

(~USD50 million)

2015

7

Maja

million)

Maja – Ciputra Joint-Operation Kick-off

•Joint-Operation with Ciputra covering 430 ha

development area.

• First marketing sales is targeted on Aug-2014.

• Targeting lower-middleto low housing class

with housing price of approx. USD12,000 each.

• Target marketing sales: IDR587 billion (~USD58

million)

Start of low-cost housing development in Maja

• Hanson has secured MoU with Bank BTN (The

Indonesia’s largest provider of subsidized

housing mortgage) to provide affordable housing

to more than 20,000 families.

• Bank BTN will play crucial role as subsidized

mortgage provider.

• Target marketing sales: IDR290 billion

(~USD28million)

MMJ’s Propositions

Huge Land bank... ...with attractive value...

• “Big is beautiful”, large land-bank implies ability to build an

integrated township with economic of scale to build

infrastructure backing.

• Huge land-bank implies more sustainable income stream and

opportunity to enjoy upside from appreciation in property

value.

• Hanson’s current market capitalization (approx. USD 830

million) is even lower than the raw land value as

appraised by Knight Frank.

• Business valuation done by independent third party

valuer, Baker Tilly, shows USD4 billion value for MMJ.

8

Indonesian property developers’ land bank (ha)

Source: Citi research January 2014

Please note that Citi used our June 2013 landbank which stood at

approx. 2,899 ha.

Issuing Firm Valuation method Equity Value

Baker Tilly Business Valuationusing DCF

USD 4 billion

Business Valuation

Issuing Firm Valuation method Equity Value

Knight Frank Asset (raw land) Valuation

USD 1 billion

Raw-Land Valuation


...in golden locations...

• Serpong and Cengkareng land are located near the popular upper-middle class residential whereby land price is sky-high.

• Serpong Land is located very close to Serpong residential area whereby Cengkareng Land is located close to the airport and PIK

residential area.

• With large land-bank, Maja is suited for the development of an integrated town supported by access to Jakarta CBD by double-

track railway. Maja is located in the proximity of residential areas in Cikande and Cikupa with few hundred thousands factory

workers in the area.

• Bekasi land is located near Tanjung Priok port which makes it very suited for industrial land development.

• MMJ’s owned land parcels are located near the planned development of toll-roads which will enjoy significant upside when the

9

Cengkareng Land

Bekasi LandExisting toll-road.

Planned toll-road, agreement signed with contractors.

Planned, pre-agreement preparation.

Source: BPJT

Greater Jakarta’s Toll-Road Masterplan

Maja Land

Railway track.

Serpong Kencana

Pacific Millenium

Serpong

Residential

area

Jakarta Airport

Tanjung Priok Seaport

• MMJ’s owned land parcels are located near the planned development of toll-roads which will enjoy significant upside when the

constructions are finished


...developed by the leaders...

• During the initial stage of the development, Hanson plans to partner with the “Experts” to leverage their development

capabilities.

• MMJ has secured joint-operation agreement with Ciputra Group to develop 430ha of land area in Maja Land.

• MMJ has also secured joint-venture with Pelican Group to develop >830 ha of land in Serpong.

• MMJ is also in discussions with several strategic partners for Bekasi Land.

Our partners

10

Maja Ciputra Joint-Operation agreement to develop 430 ha of lower middle class residentials

BTN BTN has signed MoU to provide subsidized mortgage to 20,000 low-class

housing built by MMJ.

Serpong Pelican Group* Joint-Venture agreeement to develop >850 ha of upper middle class township

near BSD City.

Bekasi Industrial land

developers

We are in discussions with several renowned domestic and multi-national

industrial land developers to build partnership in developing Bekasi Land.

*Joint-consortium consisting of renowned property developers with experience of building upper-class residential and office buildings.

MMJ’s Projected Key Financial Figures

Financial Year

2014 2015 2016 2017 2018 2019 2020 2021 2022

Marketing Sales (IDR mn) 1,195,395 3,324,914 4,181,145 7,085,614 9,861,411 12,970,117 12,809,753 16,457,729 19,941,369

Accounting Sales (IDR mn) 242,460 1,015,476 2,083,005 3,300,171 5,616,818 8,103,652 10,530,213 13,253,580 17,078,595

Number of unit launched

Serpong Kencana (PT Blessindo) 1,127 1,501 0 0 0 0 0 0 0

PT Pacific Milennium Serpong 0 420 890 1,710 1,900 1,900 1,900 1,900 1,900

KSO Maja - Ciputra 5,000 6,500 6,500 6,500 6,500 6,000 0 0 0

Maja - Collaboration with BTN 0 3,000 4,500 5,600 5,600 5,100 0 0 0

Maja - others 0 0 0 0 0 1,700 3,200 5,800 5,800

Marketing Sales

Total unit launched 6,127 11,421 11,890 13,810 14,000 14,700 5,100 7,700 7,700

Financial Year

All figures in IDR million 2014 2015 2016 2017 2018 2019 2020 2021 2022

Revenue 242,460 1,015,476 2,083,005 3,300,171 5,616,818 8,103,652 10,530,213 13,253,580 17,078,595

Gross Profit 110,790 389,398 1,126,972 2,025,864 3,756,126 5,576,808 7,492,542 9,356,053 12,342,578

Profit after tax 67,420 229,410 705,948 1,280,266 2,315,825 3,373,114 4,475,684 5,251,815 6,825,459

Net Cashflow 269,712 220,829 694,141 1,510,394 2,149,134 3,683,365 4,941,508 5,925,105 7,148,261

Total Assets 4,790,403 6,506,291 8,901,848 11,814,799 17,316,632 23,608,461 31,219,789 39,790,578 51,461,392

Total Equity 3,479,225 3,937,761 4,752,368 5,852,090 7,410,851 9,341,184 11,949,737 14,947,283 19,084,574

Liabilities 246,680 1,273,158 2,502,767 3,675,453 6,576,460 9,495,175 12,630,819 15,949,793 20,795,149

Non-Controlling Interest 1,064,498 1,295,372 1,646,713 2,287,256 3,329,321 4,772,102 6,639,233 8,893,501 11,581,669

Projected Financial Statement

11Above projection only takes into account income generated from Maja and Serpong. We are still planning for the development of

Bekasi and Cengkareng Land which revenues and cashflows are not yet reflected in the above projection.

Comparison of Land Value

Cengkareng LandBekasi Land

Alam Sutera :

Pantai Indah Kapuk: >Rp25 mn/sqm

Citra Garden: >Rp10 mn/sqm

Lippo Karawaci

Suvarna Sutera:Rp 3-5 mn/sqm

Maja LandProjected: IDR 1mn/sqm

Pacific MilleniumProjected: IDR9mn/ sqm

Citra Raya: >Rp4 mn/sqm Gading Serpong:

>Rp11 mn/sqm

Alam Sutera : >Rp14 mn/sqm

BSD City: >Rp11 mn/sqm

MM2100: >Rp1.5 mn/sqm

Bintaro Jaya: >Rp13 mn/sqm

Serpong KencanaProjected: IDR2.5 mn/sqm

12

Serpong Kencana

• First real-estate development by Hanson.

• 45 ha planned development area.

Serpong Kencana’s Propositions

Target market

• Lower-middle income class families with annual income of between IDR75-200 mn.

• Housing price of IDR 360mn for LA/BA 72/45, with land price of IDR2.5 mn/ sqm and building price of IDR4

mn/sqm.

Location

• Located very close to Parung

Panjang train station with which

workers can commute to Jakarta CBD

area by commuter train easily.

BSD City

Note:

Parung Panjang Station – site: ±0.7Km

BSD City – site: ±10Km

Jakarta CBD – site: ± 30Km

area by commuter train easily.

• Travel time to Jakarta CBD using

train is approx. 50 minutes with trains

departing every 30 minutes during

rush-hour.

• The land is located within 30

minutes drive to major

manufacturing facilities in Tangerang

area (LG manufacturing facility is in

the neighborhood).

• The land is located approx. 20

minutes drive from BSD City in

Serpong, but the travel time will be

shortened once the main road is

revamped. 14

2Km

Double track

railway to

Jakarta CBD

Parung

Panjang train

station

Serpong

kencana

To Jakarta CBD

Serpong Kencana Development Masterplan

15

Serpong Kencana Development Timeline

Jan-2014 Jul-2014 Jan-2015 Jul-2015 Jan-2016 Jul-2016 Jan-2017

Cluster-1: Silver (Housing, LA/BA: 72/45)

Cluster-2: Platinum (Shophouse, LA/BA:

54/108)*

Cluster-3: Goldie (Housing, LA/BA: 72/72)*

Cluster-4: Palladium (Housing, LA/BA: 84/75)*

Cluster-5: Ruthenium (Housing, LA/BA:

84/84)*

Jul-2017 Jan-2018 Jul-2018

253 units @IDR379 million



351 units @IDR 510 million


84/84)*

Cluster-6: Rhodium (Housing, LA/BA: 96/90)*

Cluster-7: Rhenium (Housing, LA/BA:

96/100)*

Cluster-8: Titanium (Housing, LA/BA:

108/105)*

Cluster-9: Indium (Housing, LA/BA: 120/110)*Notes:

Development process consists of:

• Design & planning

• Cut & fill and land stripping.

• Construction of main gate, signage, road access.

• Piping, electricity infrastructure construction.

• Construction of marketing office & model houses.

• Construction of building.




378units @IDR740 million

*Still subject to design changes

16

Serpong Kencana’s Projected Marketing Sales

Projected Marketing Sales (unit)

2014 2015 2016

Silver 253

Goldie 274 31

Platinum 68

Palladium 316 35

Ruthenium 135 169 17

Rhodium 263 29

Rhenium 252 28

• We project the entire 45 ha of

development in Serpong Kencana to be

fully sold in 3 years.

• From January – March 2014, we have

booked approximately 300 units in pre-

marketing sales for houses and

shophouses in Serpong Kencana.Titanium 342 38

Indium 340 38

Total 1,046 1,432 150

Projected Marketing Sales (IDR billion)

507

1,101

135

2014 2015 2016

17

shophouses in Serpong Kencana.

Pacific Millenium Land

• Joint-Venture with consortium of property developers

experienced in building 5-star hotels, office towers and upper-

middle real-estate.

• 850 ha of planned development area just south of BSD City.

• Mr Tan Kian will be involved in the operation and

management.

Pacific Millenium’s Propositions

Target market

• Middle to Upper-middle income class families with annual income of between IDR300-800 mn.

• Housing price range between IDR1.3-3.8 billion with land price of IDR9 mn/ sqm and building price of IDR4.5

mn/sqm.

Location

• The land is situated very close (<1KM) south of

BSD City in Serpong area.

• Serpong area is well-known for upper middle

residential developments with large developers

(i.e. Sinarmas Group, Alam Sutera, and(i.e. Sinarmas Group, Alam Sutera, and

Summarecon) already building integrated

township there.

• Public facilities are very well developed with

multiple world-class hospitals, schools,

universities and shopping malls.

• The land is located very close to Cisauk Train

Station through which double-track railway

connects the area to Jakarta CBD area.

• Planned Serpong - Balaraja toll road

development shall increase accessibility of the

land to industrial estates in Cikande and

Balaraja area.

19

Pacific Millenium’s Development Masterplan

20

Pacific Millenium Development & Marketing Timeline

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Type-1: (Housing, LA/BA: 100/90) *�� Selling price @IDR1.31 billion

2025 2026 2027 2028 2029




Type-5: (Housing, LA/BA: 220/200)* �� Selling price @IDR2.88 billion


Jan

Notes: Development & marketing process consists of:



• Construction of main gate, signage, road access.


• Construction of marketing office & model houses.

• Marketing & selling of products.

• Construction of building.



Type-7: (Shophouse, LA/BA: 70/180)*�� Selling price @IDR1.44 billion

Type-8: (Shophouse, LA/BA: 100/250)*�� Selling price @IDR2.03 billion

Type-9: (Land plot, LA: 300)* �� Selling price @IDR2.7 billion

Type-10: (Land plot, LA: 500)* �� Selling price @IDR4.5 billion

21

Pacific Millenium’s Projected Marketing Sales


2015 2016 2017 2018 2019 2020 2021 2022

Type-1 140 250 430 480 500 500 500 500

Type-2 140 250 430 480 500 500 500 500

Type-3 70 160 190 200 200 200 200

Type-4 70 160 190 200 200 200 200

Type-5 70 90 100 100 100 100

Type-6 70 90 100 100 100

Type-7 35 80 95 100 100 100 100

Type-8 35 80 95 100 100 100

Projected Marketing Sales (IDR billion)

Type-8 35 80 95 100 100 100

Type-9 14 18 27 43 48 50 50 50

Type-10 14 25 43 48 50 50 50

Total 294 707 1,417 1,761 1,881 1,900 1,900 1,900

22

0 5361,641

3,973

6,0807,574

8,86010,189

11,717

2014 2015 2016 2017 2018 2019 2020 2021 2022

Maja Land

• Joint-Operation with Ciputra Group

• 2,400 ha of planned development area

+

Maja Land’s Propositions

Target market

• Low to Lower-middle income class families with annual income of between IDR 30-200 mn.

• Housing price range between IDR 96 -520 million with land price of IDR1 mn/ sqm and building price of IDR2

mn/sqm for lower middle class and IDR1.1 mn/sqm for low class.

Location

• The land is situated very close to Maja Train

Station through which double-track railway

connects the area to Jakarta CBD area.

• The land is also located quite near major

industrial estates in Cikande and Tangerang.

Cikande Industrial Estate

Cikupa Industrial Estate

Citra Raya

Lippo KarawaciResidential

SummareconSerpongindustrial estates in Cikande and Tangerang.

• Planned Serpong - Balaraja toll road

development shall increase accessibility of the

land to Serpong and Bintaro area.

• Ciputra Group has existed in the area since long

time ago with its Citra Raya residential

development targeting working class population

in the area.

• The Government is keen to start low-cost

housing development in Maja because land

price in Jakarta has skyrocketed.

2KM

Existing Maja Train Station located near the area

Maja Land

Residential Serpong

BSD CItyPlanned Serpong-

Balaraja toll road

Railway track

24

Maja Land Development Masterplan

• Under the brand name of “Maja Raya”, Target Co plans to develop integrated township on approx. 2,400

hectares land area.

• The development will be carried out under 8 phases, starting from the extension of Maja Train Station and

supporting access to the land.

• The total development will be carried out in phases with the first phase being carried out by Joint-Operation

with Ciputra Group covering 430 ha.

Features of Development

Stages of Development:

• Phase-1: Development of lower, middle and upper class residential under joint-operation agreement with Ciputra Group.

• Phase-2, Phase-4, Phase-6, Phase-8: Development of lower, middle and upper class residential.

• Phase-3, Phase-5, Phase-7 Phase-9: Development of commercial spaces (ruko), public facilities, office buildings and apartments.

25

Overview of Joint Operation Scheme with Ciputra

Citra Mandiri

Raya JO

• Planning & design

• Construction management

• Marketing expertise

• Operation expertise

• Technical advisory

• Financial support for working

capital

• Land

Managed by a JO Governing Body

responsible to oversee the planning,

design, marketing, construction and

periodical reporting.

26

• Hanson and Ciputra have agreed to form a Joint-Operation agreement under the name of “Citra Mandiri

Raya JO” as cornerstone to the development of Maja Raya.

• The JO covers 430 ha under Phase-1 development of Maja Raya.

• Hanson commits to sell land to the JO at pre-agreed price while Ciputra contributes technical advisory,

operational & marketing expertise and financial support for the JO.

• Profit of the JO (Revenue minus all expenses) are divided equally between Hanson and Ciputra.

Maja Land Development & Marketing Timeline

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Joint-Operation with Ciputra

2024 2025 2026 2027 2028

Type-1: (Housing, LA/BA: 72/29)*�� Selling price

@IDR130 million

Type-2: (Housing, LA/BA: 72/45)*�� Selling price

@IDR162 million

Jan

Type-3: (Housing, LA/BA: 108/65)*�� Selling

price @IDR238 million

Type-4: (Shophouse, LA/BA: 54/108)*��


Type-4: (Shophouse, LA/BA: 54/108)*��

@IDR270 million

Self- developed, MoU with Bank BTN





Type-3: (Kiosk, LA/BA: 10/10)*��Selling


Type-4: (Shophouse, LA/BA:

54/108)*��Selling price @IDR250 million

27

Maja Land Development & Marketing Timeline (cont’d)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Self- developed

2024 2025 2026 2027 2028

Type-1: (Housing, LA/BA: 108/65)*�� Selling price @IDR238 million


Jan







Type-7: (Shophouse, LA/BA: 54/108)*�� @IDR270 million

Type-8: (Shophouse, LA/BA: 90/180)*�� @IDR450 million

Type-9: (Land plot, LA: 200)*�� @IDR200 million

Type-10: (Land plot, LA: 300)*�� @IDR300 million

Notes: Development & marketing process

consists of:



• Construction of main gate, signage, road

access.


• Construction of marketing office & model

houses.

• Marketing & selling of products.

• Construction of building. 28

Maja Land’s Projected Marketing Sales


2014 2015 2016 2017 2018 2019 2020 2021 2022

Joint-Operation with

Ciputra

Type-1 2,400 3,000 3,000 3,000 3,000 2,600 500

Type-2 1,600 2,000 2,000 2,000 2,000 1,600 300

Type-3 800 1,000 1,000 1,000 1,000 200

Type-4 400 500 500 500 900 200

Self-developed, MoU

with Bank BTN

Type-1 1,200 1,900 2,400 2,500 2,300 450

Type-2 1,200 1,900 2,400 2,500 2,300 450

Type-3 240 300 300 300 60

Type-4 160 280 300 300 60Type-4 160 280 300 300 60

Self-developed

Type-1 400 700 1,150 1,250

Type-2 400 700 1,150 1,250

Type-3 160 360 680 750

Type-4 160 360 680 750

Type-5 80 180 440 500

Type-6 80 180 280 300

Type-7 120 270 300

Type-8 120 270 300

Type-9 90 180 200

Type-10 90 180 200

Total 4,000 8,600 10,700 11,880 12,100 12,660 5,120 5,280 5,80029

Maja Land’s Projected Marketing Sales (cont’d)

Projected Marketing Sales (IDR bilion)

587

1,2491,609

1,9312,317

2,758

661290

625981

1,229 1,375

324

998

2,655

5,905

7,798

JO with Ciputra

Self-developed, MoU with BTN

Self-developed

30

587 661

0 00290

625324

0 00 0 0 0 0

2014 2015 2016 2017 2018 2019 2020 2021 2022

Cengkareng and Bekasi Land

• Golden location near Soekarno-Hatta airport (Cengkareng

Land) and Tanjung Priok Port (Bekasi Land).

• Further land acquisitions are still underway to connect the

land parcels into one whole development area.

Location Analysis of Cengkareng Land

Location of Cengkareng Land

• Located in the popular residential

area for upper middle class. There

are many upper middle class

residential developments near the

area such as Pantai Indah Kapuk

(Developed by Agung Sedayu

Group), Puri Indah (developed by

Pondok Indah Group), Citra Garden

(Developed by Ciputra) and many

Key Developments Near the Area

2KM

Cengkareng Land

Pantai Indah Kapuk

(Developed by Ciputra) and many

more.

• Residential land near the area

typically sells between IDR 10-30

million (USD 900-2,700) per sqm.

• Planned development of

Cengkareng – Kunciran toll road

will enable fast access to and from

Serpong and Bintaro area,

connecting the land into popular

residential developments in town.

Golden Palm Residence

Citra Garden Residence

Taman Semanan Residence

Golf Lake Residence

Puri Indah

Planned Cengkareng –Kunciran toll road

Soekarno- Hatta Airport

32

Location Analysis of Bekasi Land

Location of Bekasi Land

• Shorter distance to Tanjung Priok

port (approx. 15 KMs) and

Soekarno-Hatta Airport (approx. 30

KMs) as compared to its listed

peers such as MM2100 Industrial

Estate, Lippo Cikarang Industrial

Estate and Kawasan Industri

Jababeka.

Key Developments Near the Area

Planned Cibitung-Cilincing toll road

Bekasi LandTanjung Priok Port

• Access to other industrial estates

in Cibitung and Cikarang via

Cibitung-Cilincing toll road upon

completion.

5KM

MM2100 Industrial Estate

Lippo CikarangIndustrial Estate

Kawasan IndustriJababeka

Surya SemestaIndustrial Estate

33

Projected Financial Statement

Projected Income Statement

Financial Year


Income

Statement

Revenue 242,460 1,015,476 2,083,005 3,300,171 5,616,818 8,103,652 10,530,213 13,253,580 17,078,595

Cost of Revenue 131,670 626,079 956,033 1,274,307 1,860,692 2,526,844 3,037,671 3,897,527 4,736,016

Gross Profit 110,790 389,398 1,126,972 2,025,864 3,756,126 5,576,808 7,492,542 9,356,053 12,342,578

Selling, General & Admin

Expenses 30,555 177,135 386,584 625,239 1,083,322 1,576,297 2,054,416 2,590,584 3,345,844

Depreciation 0 2,712 23,208 23,208 23,208 40,328 40,328 40,328 40,328

Income (loss) from Joint-

Operation -12,815 46,048 129,546 202,098 275,786 344,053 358,188 126,797 12,869

Profit Before Tax 67,420 255,599 846,726 1,579,515 2,925,382 4,304,236 5,755,985 6,851,939 8,969,275Profit Before Tax 67,420 255,599 846,726 1,579,515 2,925,382 4,304,236 5,755,985 6,851,939 8,969,275

Tax 0 26,189 140,778 299,250 609,557 931,121 1,280,302 1,600,124 2,143,817

Profit After Tax 67,420 229,410 705,948 1,280,266 2,315,825 3,373,114 4,475,684 5,251,815 6,825,459

Profit Attributable to Non-

controlling Shareholders 0 16,750 137,218 426,420 932,941 1,442,782 1,867,130 2,254,268 2,688,168

Profit Attributable to the

Company's shareholders 67,420 212,660 568,730 853,845 1,382,884 1,930,333 2,608,553 2,997,546 4,137,291

35

Projected Balance Sheet

Financial Year


Balance Sheet

Assets

Cash 269,962 490,792 1,184,932 2,695,327 4,844,461 8,527,826 13,469,334 19,394,439 26,542,701

House in progress 152,460 1,036,312 2,457,046 3,647,030 6,651,629 9,562,653 12,504,122 15,483,156 20,339,058

Land available for development 3,316,046 3,573,354 3,930,551 4,219,640 4,297,978 4,045,438 3,814,117 3,521,095 3,228,073

Land alloted for JO 219,046 165,738 112,431 59,123 9,692 0 0 0 0

Raw Land in Bekasi, Cengkareng,

Others 778,648 778,648 778,648 778,648 778,648 778,648 778,648 778,648 778,648

Building 54,240 461,448 438,240 415,032 734,224 693,896 653,568 613,240 572,912

Total

assets 4,790,403 6,506,291 8,901,848 11,814,799 17,316,632 23,608,461 31,219,789 39,790,578 51,461,392

Liabilities

Advances from customers 246,680 1,273,158 2,502,767 3,675,453 6,576,460 9,495,175 12,630,819 15,949,793 20,795,149

Total Liabilities 246,680 1,273,158 2,502,767 3,675,453 6,576,460 9,495,175 12,630,819 15,949,793 20,795,149

Equity

Paid in Capital 3,411,805 3,657,682 3,903,558 4,149,435 4,325,312 4,325,312 4,325,312 4,325,312 4,325,312

Retained Earnings 67,420 280,080 848,810 1,702,655 3,085,540 5,015,872 7,624,425 10,621,972 14,759,262

Non-controlling Interest 1,064,498 1,295,372 1,646,713 2,287,256 3,329,321 4,772,102 6,639,233 8,893,501 11,581,669

Total Equity 4,543,723 5,233,133 6,399,081 8,139,347 10,740,172 14,113,286 18,588,970 23,840,785 30,666,243

36

Projected Cashflow Statement

Financial Year


Cashflow

Statement

Cashflow from Operating

Activities

Receipt from customers 402,044 1,300,266 1,913,498 3,420,368 5,717,118 8,298,672 10,843,053 13,775,214 17,255,328

Payment to

Land and infrastructure

contractors -46,872 -210,827 -250,219 -477,269 -648,818 -860,123 -897,455 -1,205,817 -1,326,399

Building contractors -69,264 -354,722 -624,630 -763,622 -1,209,103 -1,601,511 -2,027,560 -2,580,381 -3,303,876

Employees and other

suppliers -30,555 -177,135 -386,584 -625,239 -1,083,322 -1,576,297 -2,054,416 -2,590,584 -3,345,844

Cashflow from Joint-

Operation agreement 68,600 99,356 182,853 255,406 325,216 353,745 358,188 126,797 12,869

Tax 0 -26,189 -140,778 -299,250 -609,557 -931,121 -1,280,302 -1,600,124 -2,143,817Tax 0 -26,189 -140,778 -299,250 -609,557 -931,121 -1,280,302 -1,600,124 -2,143,817

Net cashflow from operating

activities 323,952 630,749 694,141 1,510,394 2,491,534 3,683,365 4,941,508 5,925,105 7,148,261

Cashflow from Investing

Activities

Const. of Building and Road -54,240 -409,920 0 0 -342,400 0 0 0 0

Land acquisition -350,000 -460,000 -460,000 -460,000 -285,000 0 0 0 0

Net Cashflow from Investing

Activities -404,240 -869,920 -460,000 -460,000 -627,400 0 0 0 0

Cashflow from Financing

Activities

Additional Paid capital from

Company's shareholders 140,000 245,877 245,877 245,877 175,877 0 0 0 0

Minority interests 210,000 214,123 214,123 214,123 109,123 0 0 0 0

Net Cashflow from Financing

Activities 350,000 460,000 460,000 460,000 285,000 0 0 0 0

37

Thank YouThank You

Date post:	26-Dec-2015
Category:	Documents
Upload:	suwardi-liwenzhong
View:	28 times
Download:	0 times

company_presentations.pdf

Documents