Corporate Presentation 2Q 2014 PT Intiland Development Tbk · PDF filePT Intiland Development...

Corporate PresentationMarch 2015

PT Intiland Development Tbk

Regatta, North Jakarta

Intiland. Developing Your World.

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Disclaimer

We caution readers that all statements other than statements of historical fact included in this document, including withoutlimitation, those regarding our financial position, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to our existing and future products), are forward-lookingstatements.

Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may cause ouractual results, performance or achievements or industry results, to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding our present and future business strategiesand the environment in which we expect to operate in the future.

We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking statementscontained herein to reflect any change in our expectations with regards hereto or any change in events, conditions orcircumstances on which any such statements is based.

This document is the property of PT Intiland Development Tbk. It is for intended recipients only and for intended use only.This document only serves as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/orpurchase any shares in any proposed venture.

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Contents

Corporate Overview 4

Corporate Structure 5

Management Team 6

Core Portfolio 7

Projects Location 8 - 10

Landbank 11

Growth Strategy 12

Why Intiland 13

Marketing Sales 14 - 16

Key Projects 17 - 24

Other Projects 25 - 32

Recurring Income Projects 33 - 39

Financial Highlights 40 - 44

Appendix 45 - 46Regatta, North Jakarta

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Corporate Overview

• Established in 1983 and listed on IDX in 1991 (DILD:IJ)

• More than 40 years experience in developing over 40 projects in Jakarta and Surabaya

• The main products are superblock, high-rise and low rise residential, industrial estate and investment properties

• A pioneer and trend setter in developing successful premium projects

PT Intiland Development Tbk is one of the leading property companies in Indonesia with a primary focuson developing superblock and high rise residential premium projects located in Jakarta and Surabaya tocater the middle to middle up segments.

A brief about the company

First reclaimed housing development in South East Asia

First green building in Indonesia designed by Paul Rudolph

First golf-themed luxurious residential development in Surabaya

First luxury sea-front condominium in Jakarta

Pantai MutiaraIntiland Tower

Jakarta Regatta Graha Famili

5

Corporate Structure

Truss Investment Partners22.24%

Strands Investments Ltd

19.89%

Public <5%57.87%

PT Taman Harapan Indah

100%

PT Intiland Grande100%

PT Intiland Esperto100%

PT Intiland Infinita30%

Others

Developing over 40 existing and future projects covering superblock, high-rise and low-rise residential, industrial estate and investment properties

No. of Outstanding Shares : 10,365,854,185 shares @Rp 250Market Capitalization as of 31 Mar 20151) : Rp 6.0tn (~USD 456mn) @Rp 575Book Value as of 31 Mar 20151) : Rp 4.5tn (~USD 345mn) @Rp 435RNAV as of 31 Mar 20151)2) : Rp 17.4tn (~USD 1,328mn) @Rp 1,677

1) Forex Reference Rate used : JISDOR 31 Mar 2015 for IDR/USD 13,0842) Appraised by KJPP Hendra Gunawan & Rekan (in association with Colliers International) dated 30 Sep 2014

6

Management Team

Cosmas BatubaraPresident Commissioner

Lennard Ho Kian GuanVP Commissioner

Thio Gwan Po MickyIndependent Commissioner

Walman SiahaanCommissioner

Jahja AsikinCommissioner

Ping HandayaniCommissioner

Hendro S. GondokusumoPresident Director & CEO

Suhendro PrabowoVP Director & COO Jakarta 1

Sinarto DharmawanVP Director & COO Surabaya

Irene P. RahardjoIndependent Director

Ricky HolilExecutive Director & CFO

Archied Noto PradonoExecutive Director

Utama GondokusumoExecutive Director &

COO Jakarta 2

Moedjianto S. TjahjonoExecutive Director

B O A R D O F C O M M I S S I O N E R S

B O A R D O F D I R E C T O R S

The Board of Commissioners and the Board of Directors have been with the company for more than 25 years in average andhave extensive market-oriented knowledge and experience in the Indonesian property industry.

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Core Portfolio

SuperblockMixed-Use

• Ngoro Industrial Park ●

• Intiland Tower

Jakarta ●

• Intiland Tower

Surabaya ●

• South Quarter ●

• Kebon Melati ● ●

• Praxis ●

• Spazio ●

• Others

• Regatta ●

• 1 Park Avenue ●

• Sumatra 36 ●

• Pinang

Residence 2 ● ●

• Beach Terrace

Apartment ● ●

• South Quarter ●

• Aeropolis ●

• Kebon Melati ● ●

• H-Island ● ●

• West One City ● ●

• Praxis ●

• Graha Festival ●

- Spazio

- Spazio Tower

ResidentialHigh-Rise

Investment Properties

• Serenia Hills ●

• Graha Famili ●

• Graha Natura ●

• Talaga Bestari ●

• Magnolia ●

• Maja ● ●

ResidentialLow-Rise

The Company develops various products classified into superblock, high-rise and low rise residential, industrial estate andinvestment properties. Some of the existing and future projects are as follows:

● Jakarta ● Surabaya ● Tangerang ● Mojokerto ● Others ● Pipeline projects ● Future Development

Industrial Estate

Development Income Recurring Income

8

Projects Location

Diversified projects located in strategic location focusing on developing superblock and residential in Jakarta and Surabaya.

●●●

Tangerang:AeropolisTalaga BestariMagnoliaMaja**

● Ngoro Industrial Park,Mojokerto

Superblock●●● Industrial Estate

Surabaya:Graha FamiliGraha Natura

Jakarta:South QuarterKebon Melati*

H-Island*West One City*

Intiland Tower Jakarta

Surabaya:PraxisIntiland Tower SurabayaSumatra 36Graha Festival:- Spazio- Spazio Tower- National Hospital

Jakarta:Serenia Hills

1 Park AvenueRegatta

Pinang Residence 2*Beach Terrace Apartment*

* Pipeline projects** Landbank for future developent

PAPUA

SULAWESI

KALIMANTAN

SUMATRA

●

●

●

●

●

●

Residential

JAVA

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Projects Location in Jakarta

Legend

Existing Toll Road

Planned Toll Road

Planned MRT

Existing Railway

Intiland Projects

Source : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates

10km radius from SemanggiInterchange, CBD

5km radius from SemanggiInterchange, CBD• Kebon Melati : 3.2ha, Plot 5.0• Intiland Tower : SG 30,000 m2• 1 Park Avenue : 2.8ha, Plot 3.5

• South Quarter : 7.2ha, Plot 2.7• Serenia Hills : 12ha• West One : 21ha, Plot 4-5

Other projects within Jakarta and its Greater Area

• Regatta : 8.4ha, Plot 3.0• Aeropolis : 393ha• Talaga Bestari : 104ha

H-Island

Regatta

Aeropolis

5 km

West One

Serpong

To KarawaciTo Talaga Bestari ( )

To Cikarang

Semanggi

TB Simatupang

To Maja ( )

To Bogor

Tanjung PriokPortInternational

Airport

Jakarta is the capital city of Indonesia, a large metropolitan city with total population of ~12.5 million people by day. Thecenter of economic and political activity in the nation, in Jakarta converges people from all over Indonesia. By night, Jakarta has a population of ~9.6 million people, while Jakarta and the Greater Jakarta Area has a combined population of ~32 million.

Kebon Melati


South Quarter

Serenia Hills

1 Park Avenue

JORR 1 Toll Road

JORR 2 Toll Road

Company landbank as of Sep’14

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Projects Location in Surabaya

8km radius from Jl. PanglimaSudirman, CBD Surabaya

4km radius from Jl. PanglimaSudirman, CBD Surabaya

• Intiland Tower : SG 16,000 m2• Praxis : 1.1ha• Sumatra 36 : SG 9,000 m2

• Spazio Tower : 0.5ha• Graha Famili : 3.7ha• Graha Natura : 65ha• Spazio• National Hospital

Other projects within Surabaya and its Greater Area• Ngoro Industrial Park : 124.7ha

2 km

Surabaya is the capital of East Java province and a modern industrial city. It is considered as the economic and trading center of Eastern Java. Surabaya is second only to Jakarta in size, population, and commerce, and a city of ~3 million people. Intilandprojects are located in strategic locations, focusing Intiland’s development in the CBD of Surabaya and the West of Surabaya.

Source : Google maps, Central Statistics Bureau, Wonderful Indonesia website, company dataLocation and scale drawing above are best estimates

PraxisGraha Natura

Spazio

Intiland Tower Surabaya

Sumatra 36

Spazio Tower

Graha FamiliNational Hospital

To Ngoro ( )International Airport

To Gresik,Lamongan

To Madura

To Mojokerto

Lingkar TimurToll Road

Aloha-PerakToll Road

Legend

Existing Toll Road

Planned Toll Road

Existing Railway

Intiland Projects

Company landbank as of Sep’14

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Landbank

Total landbank as of 30 September 2014 was over 2,000 ha.

No Category Project Location Structure % Ownership Gross Area

1 Superblock South Quarter TB Simatupang, South Jakarta Own 100% 7.2 ha

2 Superblock Aeropolis Cengkareng, West Jakarta Own 100% 392.7 ha

3 Superblock Kebon Melati Kebon Melati, CBD Jakarta Joint 55%-100% 4.4 ha

4 Superblock West One City Daan Mogot, West Jakarta Joint 40% 20.8 ha

5 Superblock Graha Festival West Surabaya Joint 75% 9.6 ha

6 Superblock Spazio Tower West Surabaya Own 100% 0.5 ha

7 Superblock Praxis CBD Surabaya Own 100% 1.1 ha

8 Residential - High rise 1 Park Avenue Gandaria, South Jakarta Own 100% 6.7 ha

9 Residential - High rise Regatta Pantai Mutiara, North Jakarta Joint 50% 8.4 ha

10 Residential - High rise Beach Terrace Apartment Pantai Mutiara, North Jakarta Own 100% 1.7 ha

11 Residential - High rise Pinang Residence 2 Pondok Pinang, South Jakarta Own 100% 3.0 ha

12 Residential - High rise Sumatra 36 CBD Surabaya Own 100% 0.2 ha

13 Residential - Low rise Talaga Bestari Cikupa, Tangerang Own 100% 104.4 ha

14 Residential - Low rise Graha Famili West Surabaya Joint 75% 3.7 ha

15 Residential - Low rise Graha Natura West Surabaya Own 100% 64.9 ha

16 Residential - Low rise Serenia Hills Lebak Bulus, Jakarta Own 100% 12.0 ha

17 Residential - Low rise Jajar Tunggal West Surabaya Own 100% 4.9 ha

18 Residential - Low rise Maja Banten, Tangerang Own 100% 1,083.1 ha

19 Industrial Estate Ngoro Industrial Park Ngoro, Mojokerto Own 100% 124.7 ha

20 Others Others Various Locations Own/Joint 20%-100% >300 ha

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Growth Strategy

Organic Growth

Acquisition Growth

Strategic Partnership

Capital & Investment Management

• Focus on developing existing projects mainly in Jakarta and Surabaya

• Maximize the value of existing asset portfolio e.g. superblock & high-rise

• Continue the acquisition of land surrounding existing projects

• Strategic acquisition to support Intiland’s vision and mission

• Focus on Intiland’s core business e.g. South Quarter

• Increase the long term stakeholders’ value through prudent acquisition

• Strengthen Intiland’s position through strategic partnership

• Successful track record in developing joint projects with many partners

• Support a strong balance sheet for project execution

• Manage cash flow to sustain the growth and profitability

• Prudent financing to manage the risks

• Expand global network to support financing strategy

MISSIONTo be reputed as a transparent, trustworthy and trendsetting property developer committed to highly sustainable and long-term growth and profitability that deals fairly with all stakeholders

VISIONTo make possible the experience of not only living, but living well throughout Indonesia

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Why Intiland?

Diversified projects

Big landbank

Proven experience & track record

Growth of recurring income

Strong balance sheet

More than 2,000 ha of landbank to ensure the

sustainable growth of the company

Experienced management in executing successful

pioneer projects

Increasing the recurring income to strengthen the cash flow

Low gearing to support the financing of project development

Strategic location supported by good concept,

facilities & infrastructure

Sustainable Growth and Profitability

Marketing Sales

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301 290 270 171 158 151 146 114 113 112 99 90 58 52

2015 Marketing Sales Target Rp 3.0tnin billion Rupiah

Marketing Sales

2010 2011 2012 2013 2014 3M 2015 2015F

1,109 1,172

1,650

2,535 2,538

261

3,002

Marketing Salesin billion Rupiah

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31 27 26 25

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3M 2015 Marketing Sales Rp 261bnin billion Rupiah

16%

64%

20%

3M 2015 Marketing Sales by Segment

Superblock Residential

Industrial Estate Investment Properties

53%

27%

21%

3M 2015 Marketing Sales by Location

Jakarta Surabaya Recurring Income

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Marketing Sales

Rp bn % Rp Rp bn % Rp Rp bn % Rp Rp bn % Rp Rp bn % Rp

Superblock 44 4% 190 12% 742 29% 1,195 47% 41 16%

South Quarter - 0% - 0% 402 16% 609 24% - 0%

Spazio 21 2% 32 2% - 0% 145 6% 9 4%

Aeropolis 23 2% 159 10% 141 6% 369 15% 25 10%

Praxis - 0% - 0% 200 8% 72 3% 7 3%

Residential 829 71% 1,210 73% 1,290 51% 909 36% 167 64%

High-rise Residential 433 37% 563 34% 590 23% 420 17% 39 15%

Regatta 80 7% 43 3% 81 3% 294 12% 12 5%

Sumatra 36 21 2% 28 2% 4 0% 12 0% - 0%

1 Park Avenue - 0% 397 24% 484 19% 113 4% 27 10%

1 Park Residence 174 15% 88 5% 21 1% - 0% - 0%

Pinang Residence 11 1% 8 0% - 0% - 0% - 0%

Low-rise Residential 396 34% 647 39% 700 28% 489 19% 128 49%

Serenia Hills 123 10% 194 12% 344 14% 216 9% 49 19%

Talaga Bestari 88 8% 168 10% 67 3% 89 4% 26 10%

Graha Famili 70 6% 54 3% 52 2% 31 1% 41 16%

Graha Natura 61 5% 206 12% 174 7% 152 6% 12 5%

Platinum 38 3% - 0% 13 1% - 0% - 0%

Taman Semanan Indah 14 1% 24 1% 47 2% - 0% - 0%

Puri Permata Pacitan 3 0% 1 0% 2 0% 0 0% - 0%

Industrial Estate 177 15% 115 7% 337 13% 257 10% 0 0%

Ngoro Industrial Park 177 15% 115 7% 337 13% 257 10% - 0%

Investment Properties 121 10% 135 8% 166 7% 178 7% 54 21%

Intiwhiz 9 1% 19 1% 25 1% 17 1% - 0%

Sport Club 36 3% 35 2% 45 2% 53 2% 16 6%

Office Rental 76 6% 81 5% 96 4% 108 4% 31 12%

Others - 0% - 0% - 0% 0 0% 6 2%

Total Marketing Sales 1,172 100% 1,650 100% 2,535 100% 2,538 100% 261 100%

Development Income 1,050 90% 1,515 92% 2,370 93% 2,360 93% 208 79%

Recurring Income 121 10% 135 8% 166 7% 178 7% 54 21%

Projects2011 2012 20142013 1Q15

Key Projects

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Type : Superblock

Total area : 7.2 ha (Phase 1 - 4.4 ha, Phase 2 - 2.7 ha)

Location : TB Simatupang, South Jakarta

Infrastructure : Toll road, future MRT, shuttle bus

Design : WS Atkins

No. of floor : 20 floors, 4 basements

Phase 1 Information

Launched : 4Q 2012

Construction : 2Q 2012

Project completion : 91%

Expected completion : 2Q 2015

Phase 1 Tower A Tower B Tower C Retail

Total Area 40,294 sqm 40,793 sqm 40,335 sqm 11,554 sqm

Market For Sale Tower A Tower B Tower C Retail

Available 39,866 sqm - 6,172 sqm -

Sold 34,503 sqm - 6,172 sqm -

% Sold 87% - 100% -

ASP14/sqm Rp31.3mn - Rp33.0mn -

Market For Lease Tower A Tower B Tower C Retail

Available 428 sqm 40,793 sqm 34,163 sqm 11,554 sqm

Leased 0 24,604 sqm 0 6,432 sqm

% Leased 0% 60% 0% 56%

ARR/sqm/mo 0 Rp 207,643 0 Rp 166,161

South Quarter is a 7.2 ha mixed-use and high-rise development which Phase 1 comprises three office towers and supportingretail facilities. South Quarter is accessible via TB Simatupang toll road and Lebak Bulus Street.

South Quarter - Superblock

Office Tower A (Strata)

Office Tower B (Lease)

Office Tower C (Lease)

Phase 2 – 2.7 ha(Future development)

Phase 1 - 4.4 ha

Retail

Phase 1Construction Progress

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Type : High-rise residential

Total area : 2.8 ha

Location : Gandaria, Kebayoran Baru, South Jakarta

Infrastructure : Main road

Design : CSYA, Singapore

No. of floor : 25 floors

Phase 1 Information




Condominium Tower 1, 2, 3

Market : Strata title

Semi gross area : 52,136 sqm

Sold : 45,275 sqm (87%)

1Q15 Avg. Selling Price : Rp 35.7 mn/sqm

Launched : 3Q 2012

Condominium Tower 4



Expected launch date : 2Q 2015

Phase 2 Information

Townhouse

Total area : 0.7 ha

Unit : 31 units

1Park Avenue is a 2.8 ha high-rise residential project, an extension of the 1Park Residences apartment, located in Gandaria,South Jakarta, which is close to shopping destinations, hospitals, international schools and entertainment centers.

1Park Avenue - Residential

Phase 1 - 4.4 ha

Retail

Phase 1

Condominium

Retail


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Type : High-rise residential

Ownership : 50% (50% PT Global Ekabuana)

Total area : 11 ha (Phase 1 - 2.5 ha, Phase 2 - 1.7 ha)

Location : Pantai Mutiara, North Jakarta


Design : Tom Wright (WS Atkins, UK)

No. of floor : 24 floors

Project Information

Condominium Phase 1 (4 towers) Phase 2 (3 towers)

Tower Name : Dubai, Miami, Monte London, New York,

Carlo, Rio Shanghai

Launched : 2Q 2006 London & NY : 2Q 2014

Project completion : 100% Piling works

Expected completion : 4Q 2009 & 2012 2017

Semi gross area : 390 units London & NY : 51,660 sqm

Market : Strata title Strata title

Sold : 97% 47%

1Q15 Avg Selling price : Rp 24.9 mn/sqm Rp 29.6 mn/sqm

Others

• Phase 2: London tower was launched in June 2014, while New York tower was pre-launched in June 2014.

• FIABCI Prix d’Excellence, Bali Congress Award 2010.

Regatta is an iconic apartment project at Pantai Mutiara, North Jakarta, consists of ten apartment towers, a five-star hotel,and a serviced apartment.

Regatta - Residential

Phase 1 - 4.4 ha

Retail

Phase 1

Condominium

Retail

Master plan


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Aeropolis is an integrated mixed use development consisting of residential, office, hotel, commercial and retail developmentin an area of 105-hectars. This project sits on a strategic location, only 500 meters from the international airport.

Aeropolis - Superblock

Phase 1

Project FactsAeropolis Residence (AR)

1 & 2Aeropolis Residence (AR) 3

Aeropolis Commercial Park (ACP)

Aeropolis Crystal Residence (ACR)

Boutique Hotel Aeropolis Technopark

Land Area 2 Ha 2.2 Ha 5.3 Ha 2.4 Ha 2 ha 30 ha

Development

Low Rise Apartments AR 1 (SGA 18,484 sqm) -

1,076 units AR 2 (SGA 18,409 sqm) -

952 units

Low Rise Apartments 3 towers (SGA 24,107

sqm) - 1,446 units 1 remaining tower to

launch

Low Rise Office Tower A1&A2 (SGA 6,811

sqm) - 105 units 3 remaining towers to

launch

Low Rise Apartments 3 towers (SGA 21,107

sqm) - 646 units 3 remaining towers to

launch

Tower A1&A2 (SGA 3,044 sqm) - 108units

4 remaining towers to launch

Phase 1 – 15 units (5,400 sqm land, 5,160 sqm building)

Sales Update AR 1 - 1,012 units (94%) AR 2 - 902 units (95%)

3 towers - 1,282 units (89%)

Tower A1&A2 - 71 units (68%)

3 towers - 370 units (57%)

Tower A1&A2 - 108units (100%)

Phase 1 - 8 units (53%)

1Q15 ASPper sqm

AR 1 – Rp 7.5 mn(FY14 ASP)

AR 2 - Rp 9.7 mn Rp 9.8 mn Rp 11.8 mn Rp 10.4 mn

Rp 18.1 mn(FY14 ASP)

Land: Rp 9.0 mn Building: Rp 3.9 mn

Construction Progress

AR1 - 100% AR2 - 71%

3 towers - 36% Tower A1&A2 - 100% 2 towers - 59% 1 tower - Not yet started

Not yet started Not yet started

Operational AR1 - 2Q14 AR2 - 2Q15

3Q15 3Q14 2 towers - 2015 2Q16 4Q15

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Kebon Melati is a 3.2 ha mixed-use and high-rise development located in the Jakarta CBD area comprising of a moderncommercial sector along with outdoor elements such as pedestrian walkways and retail outlets.

Kebon Melati - Superblock

Phase 1 - 4.4 ha

Water Reservoir

Type : Superblock

Ownership : 55%

Total area : 3.2 ha (Phase 1 - 1.3 ha, Phase 2 - 1.9 ha)

Location : Kebon Melati, CBD Jakarta

Infrastructure : Future MRT, busway

Design : Broadway Malyan, UK

Building plot ratio : 5

Phase 1 Information

Expected Launch Date : 4Q 2015

Condominium (2 towers)

Semi gross area : 50,184 sqm (475 units)


Average selling price : E Rp 40-45 mn/sqm

Retail


Market : Lease

Average rental rate : E Rp 462,000/sqm/month

Phase 2 Information

Office tower : SGA 34,491 sqm

Boutique office : SGA 14,018 sqm

Serviced Apartment : SGA 9,726 sqm

Retail : NLA 11,141 sqm

Retail

Office Tower

Boutique Office

Serviced Apartment

Phase 2

Phase 1

Condominium

Retail

Future Project

Project Location

Grand Indonesia

Thamrin City

23

A 63 ha future reclamation project located in Pulau H, close to Pantai Mutiara, North Jakarta. It is part of the 17 islandsreclamation projects initiated by the Jakarta local government.

H-Island Reclamation Project - Superblock

Phase 1 - 4.4 ha

Type : Superblock

Total area : 63 ha

Location : Pulau H, Pantai Mutiara, North Jakarta

Infrastructure : Future bridge

Masterplan : Woods Bagot

Engineering consultant : Witteveen+Bos

Project Information

Mixed-use

High-rise and low rise residential

Commercial

Others

• Obtained principle permit

• Waiting for reclamation permit

Retail

Phase 1

Condominium

Retail

Regatta Pulau H

Future Project

Future Bridge

Pulau H

NCICD Masterplan

24

A 21 ha future superblock project located in West Jakarta comprised of residential, retail and commercial properties withfacilities such as educational institutions, sports clubs and parking spaces.

West One City - Superblock

Phase 1

Type : Superblock

Ownership : 40%

Total area : 21 ha

Location : Daan Mogot, West Jakarta

Infrastructure : Train, busway, JORR toll road

Building plot ratio : 4 - 5

Project Information

High-rise residential

Strata title office

Market : Middle class

Estimated selling price : Rp 17-20mn/sqm

Others

• Completed the construction of front entrance, roads, infrastructure andmarketing office.

Phase 2

Pulau H

Marketing Office

Future Project

Other Projects

26

Serenia Hills is a premium estate that stretches over 24 hectares in Lebak Bulus, South Jakarta. In 2013, Serenia Hills receivedan award at Housing Estate Green Property Award as Favorite Residential 2013.

Titan59 units

Ultimate46 units

Venture115 units

Cluster C30 units

Masterplan Phase 2Total area 14 ha (250 units)

Serenia Hills - Residential

Phase 1 Phase 2

Type Residential Residential

Land Area 10 ha 14 ha

Development Plan Regent 173 units (5 ha)Signature 51 units (4 ha)

Total 224 units

Titan 59 units (4 ha)Ultimate 46 units (4 ha)Venture 115 units (4 ha)Total 220 units

Launched 2011 & 2012 2013 & 2014

Sold Regent 173 units (100%)Signature 28 units (55%)

Total 201 units (90%)

Titan 58 units (98%)Ultimate 38 units (83%)Venture 34 units (30%)Total 130 units (59%)

1Q15 Land ASP Rp 17.0 mn/sqm Rp 13.6 mn/sqm

1Q15 Building ASP Rp 7.5 mn/sqm Rp 7.0 mn/sqm

Phase 1

Future Low Rise1 ha, 102 units. 6 Fl

SGA 13,679 sqm

27

Type : Superblock

Total area : 1.1 ha

Location : CBD Surabaya


GFA : 103,390 sqm

No. of Floors : Office 5 floors, Apartment 28 floors, Hotel 18 floors,

F&B 1 floor, 3 basement floors

Phase 1 Information

Launched : 2Q 2013



Expected completion : 2017

Condominium Office

Semi gross area : 19,634 sqm 21,500 sqm

Unit : 289 units 185 units

Market : Strata title Strata title 126 units

Lease 59 units

Sold : 185 units (64%) 43 units (34%)

1Q15 ASP : Rp 27.1 mn/sqm Rp 35.1 mn/sqm

Hotel Retail

Semi gross area : 14,326 sqm 8,609 sqm

Unit : 288 rooms

Praxis is part of the development of Intiland Tower Surabaya. Located in the Surabaya CBD, the project occupies 1.1 hectaresof land comprising such facilities as office, apartment, retail, hotel and cinema.

Praxis - Superblock

HotelCondominium

Office & Retail

Construction Progress

28

Spazio Tower is a multi-function office tower located in Graha Festival, West Surabaya which development consists of office,hotel and retail. This project is the extension of Spazio, which has the same concept.

Spazio Tower - Superblock

Retail

Office

HotelType : Superblock

Total area : 0.5 ha

Location : Graha Festival, West Surabaya


No. of floors : 11 floors office, 5 floors hotel, 2 floors retail, 1 floors function hall, 5 floors basement

Project Information

Launched : 1Q 2014


Project completion : Piling works


Office


Units : 190 units


Sold : 74 units (40%)

1Q15 ASP : Rp 32.8 mn/sqm

Retail Hotel

Semi gross area : 3,259 sqm 2,407 sqm (102 room)

Market : Lease Lease

Multifunction


Market : Lease

MultifunctionHotel Facility

29

Ngoro Industrial Park - Industrial Estate

Ngoro Industrial Park is a modern industrial estates complete with infrastructure and facilities for industrial factories.

Type : Industrial Estate

Total development plan : 550 ha

Location : Ngoro, Mojokerto, East Java

Infrastructure : Natural gas, power substation, waste water treatment, telecommunication

Access : Toll road, main road, 45 km from Surabaya,

50 km from Tanjung Perak Seaport, 50 km from Juanda International Airport

Project Information

Launched : 1991 (1st phase) & 2010 (2nd phase)

Industrial Estate

Sold : 254 ha (nett)

FY14 Avg. selling price : Rp 1.63mn/sqm

SFB(1) Lease : 86,300 sqm (nett)

SFB Building area : 55,895 sqm

FY14 Avg. rental rate : Rp 26,946/building sqm/month

Tenancy

Unicharm, Mitsui, Hitachi, HB Fuller, Yakult, Roman Ceramic, Mulia Ceramic, Woodworth Wooden, Cort Indonesia, etc.

Facility & Services

Export Processing Zone, Standard Factory Building, Warehouse, Commercial Area, Clinic, Bank & ATM, Office Space, Guest House, Outdoor Sport, Police Station, Internal Security, Fire Brigade.

(1) SFB : Standard Factory Building

30

Graha Natura is residential project in Lontar, West Surabaya, sprawling over 80-hectare land. Graha Natura is a uniquehousing estate with a focus on healthy lifestyle, nature and eco-friendly technology.

Graha Natura - Residential

Project Facts

Cluster A Cluster B Cluster C Cluster D Garden Ville Soho

Land Area 7.1 ha 7 ha 4.8 ha 8.5 ha 1 ha 1 ha

Launch 2012 2010 2010 2010 2014 2014

DevelopmentLand Lots - 2 unitsHouses - 86 units

Land Lots - 67 unitsHouses - 17 units

Land lots - 45 unitsHouses - 10 units

Land lots - 94 units Houses - 31 units Houses - 24 units

SoldLand lots - 2 units (100%)Houses - 69 units (80%)

Land lot - 67 units (100%)Houses - 15 units (88%)

Land lots - 45 units (100%)Houses – 5 units (50%)

Land lots - 94 units (100%)

Houses - 31 units (100%)

Houses - 3 units (12.5%)

1Q15 Land ASP/sqm Rp 11.5 mn/sqm

1Q15 Building ASP/sqm

Rp 7 mn/sqm

31

Talaga Bestari - Residential

Talaga Bestari is a residential project occupying 265 hectare land space in Cikupa, Tangerang, Banten. Designed as “thefamily learning city.

Project Facts Harmony The Hills Floura The Forest Phase 1 Jungle Walk Plaza D’Captiva

Land Area 5.4 Ha 4.1 Ha 4.4 Ha 5.5 Ha 3.9 Ha 3.6 Ha

DevelopmentLanded residential Harmony - 214 units Harmony 2 -111 units

Landed residential - 206 units

Landed residential - 212units

Landed residential – 177 units

Shophouse and Kiosk Kiosks - 210 units Shophouse - 40 units Modern market - 20

units

Shophouse - 181 units

Sold

Harmony - 212 units (99%)

Harmony 2 - 100 units (92%)

203 units (98.5%) 185 units (87%) 52 units (29%)

Sold 41 kiosks units Leased:

28 shophouses25 kiosks20 modern market

108 units (60%)

1Q15 Land ASP Rp 3.7 mn/sqm Rp 5.25 mn/sqm Rp 5.25 mn/sqm

Remarks Key catalyst – Lion City, a 30 ha of land purchased by Lion Air for training center, warehouses, dormitories

Jungle Walk The Hills

32

Sumatra 36 - Residential

Type : Residential

Total area : 0.2 ha



Design : CSYA, Singapore

No. of Floors : 12 floors

Phase 1 Information

Launched : 4Q 2012

Construction : 2013



Apartment



Sold : 38%

Avg. Selling price FY14 : Rp 25.6 mn/sqm

Sumatra 36 is a luxury downtown apartment on Sumatra Street, one of the prime addresses in Surabaya. It occupies a 2,359-square-meter land and consists of 12 floors, encompassing 63 exclusive units.

Master plan

Recurring Income Projects

34

Intiland Tower Jakarta is the company’s flagship office building located in the Jakarta CBD area. It was designed by PaulRudolph, renowned American architect who developed the “green” concept, which reflects the tropical-themed Indonesianarchitecture. The building model was exhibited at the Museum of Modern Arts in New York.

Intiland Tower Jakarta - Investment Property

Type : Investment Property

Total area : 0.8 ha

Location : CBD Jakarta


Design : Paul Rudolph

Floor : 24 floors, 1 basement

Project Information

Construction : 1984


Completion : 1986

Office Tower

Net Leaseable Area : 30,353 sqm

Market : Lease

1Q 2015 Avg Occupancy : 30,233 sqm (99%)

Average gross rent : Rp 202,813/sqm/month


35

Intiland Tower Surabaya - Investment Property


Total area : 0.5 ha



Design : Paul Rudolph

No. of floor : 12 floors, 2 basements

Project Information

Construction : 1995


Completion : 1997

Office Tower

Leaseable area (SG) : 19,402 sqm

Market : Lease

1Q 2015 Avg Occupancy : 16,469 sqm (85%)

Average gross rent (SG) : Rp 153,000/sqm/month

Intiland Tower Surabaya, another masterpiece by Paul Rudolph, is an office tower located in the heart of CBD Surabaya thatbecomes the leading IT building in the city. Its unique design of fronting terraces on every level allows natural free flow of airand lighting.

Intiland Tower Surabaya

36

Spazio is an office space in Graha Festival, West Surabaya consisting of strata title office units, with the first and second floorfunctioning as the food & beverage and lifestyle commercial spaces. Designed as a business community center, Spaziosuccessfully introduces the concept of 24 hour open office in Surabaya.

Spazio - Investment Property


Ownership : 75%

Total area : 0.8 ha

Location : Graha Festival, West Surabaya


Project Information

Launcehd : 4Q 2010

Construction : 2011


Completion : 2012

Retail

Net leaseable area : 3,538 sqm

Market : Lease

Leased : 1,860 sqm (53%)

Average rental rate : Rp 126,000/sqm/month

Average service charge : Rp 47,000/sqm/month

Office Tower

Total area (SGA) : 15,220 sqm


Sold : 15,151 sqm (99%)

Spazio

37

National Hospital Surabaya is located within Graha Famili, West Surabaya. It is the first hospital in Indonesia equipped withadvanced technology of MRI 3 Tesla Wide Bore, CT Scan 128 slices. Developed by PT Surabaya Jasa Medika, a joint venturebetween PT Grande Family View (subsidiary) and strategic partners with each company sharing 50% of ownership.

National Hospital - Investment Property


Ownership : 50% (50% PT Istana Mobil Surabaya Indah)

Total area : 0.85 ha

Location : Graha Famili, West Surabaya

Building area : 32,000 sqm


No. of floor : 10 floors (including 2 basements)

5 floors Annex building

Project Information

Construction : 1 October 2010


Grand opening : 12 December 2012

Development

Bed capacity : 205 beds and 123 wards

GP and Specialists : 98 person

Nurses : 151 person

Center of Excellence : Neurosurgeon

38

The Company, through its subsidiary PT Intiwhiz International, has embarked on hospitality business by opening medium-class hotels suited to value-conscious, frequent travelers. Under the brand Whiz (two star-plus), Whiz Prime Hotel (three-star) and Grand Whiz (four-star) Hotels, the hotel chain now spreads in several big cities such as Jakarta, Semarang, Bali andYogyakarta.

Intiwhiz Hotel Chain - Investment Property (30%)

Whiz Hotel Yogyakarta

Whiz Hotel Semarang

Grand Whiz Nusa Dua, Bali

Grand Whiz Kelapa Gading

Whiz Hotel Cikini

Whiz Prime Kelapa Gading

Whiz Prime Cifest Cikarang

Hotels

Whiz Hotel Yogyakarta

Central Java

Whiz Hotel Semarang

Central Java

Grand WhizNusa Dua

Bali

Grand Whiz KelapaGading Jakarta

Whiz HotelCikini

Jakarta

Grand Trawas Hotel

East Java

Whiz Prime Cifest

Cikarang West Java

Whiz Prime Kelapa Gading Jakarta

Type Own Own Operator Operator Own (BOT) Own Operator Operator

Opening Date

10 Oct 2010 11 Nov 2011 29 Jul 2013 12 Dec 2012 28 Jan 2014 Jan 2014 Jul 2014 July 2014

No. ofRooms

100 148 130 322 133 68 122 180

Occupancy 87% 61% 62% 55% 64% 39% 26% 21%

ARR Rp 363,125 Rp 250,647 Rp 555,056 Rp 543,901 Rp 311,034 Rp 388,428 Rp 349,222 Rp 427,079

Pipeline Project 2015

Whiz Prime Bogor

Whiz Prime Makasar

Swift Inn Aeropolis

Whiz Prime Manado

Whiz Prime

Balikpapan

Puri Denpasar

Whiz Prime Jogja

Grand Whiz Poin

Square

Whiz Cilacap

Whiz Prime Lampung

39

Projects Leaseable Area

South Quarter (phase 1) 2 Office Towers (SGA 75,384 sqm)Retail (SGA 11,554 sqm)

Kebon Melati I (55% owned) Retail (NLA 8,938 sqm)

Spazio Tower Hotel 102 rooms (SGA 2,407 sqm)Retail (SGA 3,259 sqm)Multifunction (SGA 1,049 sqm)

Praxis Office (SGA 6,800 sqm)Hotel 288 rooms (SGA 14,326 sqm)Retail (NLA 8,609 sqm)

Kebon Melati II (55% owned) Office (SGA 48,509 sqm)Retail (NLA 11,141 sqm)Serviced apartment (SGA 9,726 sqm)

Future Additional Recurring Income Stream (2015 - 2019)

2011 2012 2013 2014 3M 2015

129 180 176 223 54

811

1,082

1,334

1,610

550

939

1,262

1,510

1,833

603

Revenue BreakdownIn billion Rupiah

Recurring Income Development Income Total Revenue

Financial Highlights

41

2010 2011 2012 2013 2014 3M 2015

355

140

181

324

429

121

Net Incomein billion Rupiah

2010 2011 2012 2013 2014 3M 2015

211 271

372

516

665

189

EBITDAin billion Rupiah

2010 2011 2012 2013 2014 3M 2015

1,109 1,172

1,650

2,535 2,538

261

Marketing Salesin billion Rupiah

2010 2011 2012 2013 2014 3M 2015

843 939

1,262

1,510

1,833

603

Revenuein billion Rupiah

Financial Performance

42

Segments Contribution

Gross Profit in billion Rupiah

Revenue in billion Rupiah

1Q15 1Q14

313

237

-

54

116

153 138

46

Superblock Residential IndustrialEstate

InvestmentProperties

138

71

-

26 40

72

103

20

Superblock Residential IndustrialEstate

InvestmentProperties

43

1Q15 Gross ProfitRp 236bn

1Q15 Revenue Rp 603bn

Segments Contribution

Superblock Residential Industrial Estate Investment Property

52%39%

0%9%

59%

30%

0%11%

44

Financial Highlights

in Rp billion 1Q15 1Q14 YoY Growth in Rp billion 2014 2013 2012 2011

Revenue 603 453 33% Revenue 1,833 1,510 1,262 939

Gross Profit 236 236 0% Gross Profit 994 706 496 361

Operating Profit 154 165 -7% Operating Profit 598 400 304 188

EBIT 178 168 6% EBIT 624 480 339 239

EBITDA 189 179 5% EBITDA 665 516 372 271

Net Income 121 122 -1% Net Income 429 324 181 140

EPS 12 12 -1% EPS 42 31 17 14

Total Assets 9,033 7,740 17% Total Assets 9,005 7,526 6,092 5,692

Total Liabilities 4,438 3,521 26% Total Liabilities 4,535 3,430 2,141 1,893

Book Value of Equity 4,510 4,137 9% Book Value of Equity 4,389 4,016 3,873 3,716

Sales Advance 1,497 1,369 9% Sales Advance 1,758 1,295 458 294

Cash & Cash Equivalents 537 403 33% Cash & Cash Equivalents 550 526 222 106

Total Debt 2,304 1,511 53% Total Debt 2,127 1,507 1,014 1,033

Net Debt/Equity 39% 27% Net Debt/Equity 36% 24% 20% 25%

Gross Profit Margin 39% 52% Gross Profit Margin 54% 47% 39% 38%

Operating Profit Margin 25% 36% Operating Profit Margin 33% 27% 24% 20%

EBIT Margin 30% 37% EBIT Margin 34% 32% 27% 25%

EBITDA Margin 31% 40% EBITDA Margin 36% 34% 29% 29%

Net Income Margin 20% 27% Net Income Margin 23% 21% 14% 15%

ROA (Q1 Annualized) 5% 6% ROA 5% 4% 3% 2%

ROE (Q1 Annualized) 11% 12% ROE 10% 8% 5% 4%

Dividend TBA 82 52 31

Dividend per Share TBA 8 5 3

Dividend Payout Ratio TBA 26% 29% 22%

Appendix

46

Awards & Achievements

2014

AeropolisThe Best Mixed-use Development

ProjectProperty & Bank Awards 2014

IntilandTop 10 Developers 2014BCI ASIA Awards 2014

IntilandSilver Champion – Property

DeveloperIndonesia WOW Brand Awards

2014

2013

Best Design for Apartment-Apartment Regatta

Indonesia Design Best Design Awards 2013

Highly Commended - Best Condo Development (Indonesia)

Apartment Regatta – JakartaSouth East Asia Property Award 2013

Highly Commended - Best Developer (Indonesia)

PT Intiland Development TbkSouth East Asia Property Award 2013

Indonesia Leading Local Hotel Chain Intiwhiz International

Indonesia Travel & Tourism Awards 2013

Graha Natura – Surabaya Housing Estate Green Property Awards 2013

Green Infrastructure & Green Open Space- Morning Glory Cluster

Graha Natura – SurabayaProperty Indonesia Awards 2013

Favourite Residential 2013Serenia Hills- Jakarta Housing Estate

Green Property Awards 2013

Top 10 Developers (Indonesia)BCI Asia Top 10 Awards 2013

2012

Winner Best Condo Development (Indonesia) - 1Park Residences

South East Asia Property Award 2012

Highly Commended – Best Developer (Indonesia) - Intiland Development

TbkSouth East Asia Property Award 2012

Excellent AchievementIndonesia Best Corporate

TransformationSWA Magazine & Win Solution

Top Ten Developers (Indonesia)BCI Asia Top 1o Awards 2012

IntilandPerusahaan Baik

Indonesia Social Responsibility Awards 2014

Intiland Tower SurabayaGreen Building Awareness Awards

2014Surabaya City Government

IntilandTop 50 Best Performing Indonesia Companies

The 4th Forbes Indonesia Best of the Best Awards

Graha NaturaBest Project Development in East

JavaIndocement Awards 2014

SpazioThe Preferred Office Building

Properti Indonesia Awards 2014

IntilandHighly Commended – Best

Developer (Indonesia)South East Asia Property Awards

2014

AeropolisFavorite Low Rise Residential

Housing Estate Favorite KPR & Residential Awards 2014

47

Meeting Notes

Contact Us

Nathan Tanugraha : [email protected] Indrawan : [email protected]

Investor RelationsPT Intiland Development TbkIntiland Tower, PenthouseJl. Jend. Sudirman 32Jakarta 10220 Indonesia

Tel : +62 21 5701912Fax: +62 21 5700015www.intiland.com

mailto:[email protected]

mailto:[email protected]

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