PT Surya Semesta Internusa Tbk ( SSIA )

(1)

Tinjauan Kuartal Ketiga 2020

PT Surya Semesta Internusa Tbk

(“SSIA”)

(2)

Daftar Isi

Surya Semesta Internusa

Ringkasan

Tinjauan Unit Usaha

• Rekam Jejak

• Anak Perusahaan,

Pemegang Saham &

Manajemen

• Portofolio Investasi

• Strategi Ke Depan

• Indonesia Economic Indicator

Ikhtisar Keuangan 9M20

• Laba Rugi Konsolidasi

• Pendapatan Usaha Konsolidasi

• EBITDA Konsolidasi

• Laba Bersih Konsolidasi

• Neraca Konsolidasi

PROPERTI

• PT Suryacipta Swadaya (“SCS”)

• PT SLP SURYA TICON INTERNUSA (“SLP”)

• PT TCP Internusa (“TCP”)

• PT Sitiagung Makmur (“SAM”)

KONSTRUKSI

• PT Nusa Raya Cipta (“NRCA”)

PERHOTELAN

• PT Suryalaya Anindita International (“SAI”)

• PT Ungasan Semesta Resort (“USR”)

(3)

1

Sekilas Surya Semesta Internusa

(4)

Mengkonsolidasi kan unit usaha perhotelan yaitu PT Suryalaya Anindita International 2008 2006 Memulai pengembangan resor eksklusif Banyan Tree Resort di Ungasan, Bali Tercatat di Bursa Efek Indonesia 1997 1996 Membangun hotel bintang lima Gran Meliã Jakarta dan gedung perkantoran Graha Surya Internusa

1991

Memulai

pengembangan

1.400 ha

kawasan

industri di

Karawang,

Jawa Barat

Membangun Meliã Bali Hotel, hotel bintang lima berkapasitas 494 kamar di Nusa Dua, Bali i 1983 1976 Membangun Glodok Plaza, pusat perbelanjaan modern pertama di kawasan pecinan Jakarta Didirikan sebagai perusahaan pengembang properti untuk memgembangkan kawasan Segitiga Emas di Kuningan 1971 Mengakuisisi unit usaha konstruksi yaitu PT Nusa Raya Cipta 1994 2010 Peluncuran (soft opening) Banyan Tree Ungasan Resort di Bali Melakukan stock split dengan rasio 1 : 2011 2012 • Obligasi senilai Rp 700 M diluncurkan • Dividen pertama semenjak IPO di tahun 1997 dibagikan • Berinvestasi di proyek jalan tol Cikopo-Palimanan IPO PT Nusa Raya Cipta dengan nilai Rp 850 per saham 2013 Joint venture

dengan Mitsui & Co dan TICON dalam bisnis

pergudangan/pabrik Pembukaan jalan tol Cikopo – Palimanan

2015

PT Surya Semesta Internusa Tbk

• Rexam jejak operasional di sektor properti dapat ditelusuri kembali pada masa 40 tahun lalu yaitu di awal tahun 1970an

• Pertumbuhan signifikan semenjak IPO

– Ekuitas mencapai lebih dari Rp 545 M(1)

– Pinjaman mencapai lebih dari Rp 1.600 M

– Kapitalisasi pasar meningkat dari Rp 0,6 T (IPO) menjadi Rp 2,0 T(2)

Note: Alur waktu digambarkan tanpa berdasarkan skala. (1) _{Termasuk Rp 132 M terkumpul di IPO.}(2) _{Data pasar per 30 Sep 2020.}

2014

• tanah di Subang, Jawa Barat diakusisi dengan ijin lokasi sebesar 2.000 ha • Peluncuran BATIQA hotel pertama di Karawang 2017 Divestasi Cikopo Palimanan Toll road 3X BV

(5)

9.0%

7.9%

7.7%

6.4%

3.3%

65.7%

PT Arman Investments Utama PT Persada Capital Investama Intrepid Investments Limited

Reksa Dana HPAM Ekuitas Progresif PT Surya Semesta Internusa Tbk Others

• Didirikan dan mulai beroperasi di tahun 1971, bisnis utama SSIA

adalah di bidang properti, konstruksi, dan perhotelan

• Salah satu pengelola terdaftar yang terkemuka di Indonesia

1)

–

Kapitalisasi pasar senilai IDR 2.0tn / US$ 136mn

–

Total Ekuitias 9M20 senilai IDR 4,211bn / US$ 282mn

–

EBITDA FY19

(3)

_{IDR 533bn / US$ 36mn}

–

EBITDA 9M20

(3)

_{IDR 40bn / US$ 2.7mn}

–

Hadir di empat belas kota di Indonesia

• Kawasan industri Suryacipta adalah proyek terbesar perusahaan

dengan total ijin lokasi seluas 1.400 ha

• Mendapatkan ijin lokasi seluas 2.717 ha untuk tanah di project Subang

Smartpolitan

Core Businesses

Konstruksi

Kawasan Industri

Hotel

Rental, Parking & Maintenance

Pergudangan & Pabrik

• High rise buildings

• Commercial and manufacturing facilities

• Infrastructure

• Suryacipta City of Industry

• Construction toll road

• Resorts and Villas

• Business Hotels

• 5-star Hotels

Non-Recurring

Recurring

(2)

Note:

(1) _{Data pasar per 30 Sep 2020, berdasarkan nilai tukar USD IDR 14,918} (2)_{Pendapatan berulang terdiri dari hotel, sewa, parkir, dan pemeliharaan.}

(3)_{EBITDA adalah laba bersih sebelum dihitung bunga, pajak, depresiasi, dan amortisasi,}

termasuk JO income (loss)

Real Estate (Residential)

Shareholding Structure

Note: Shareholding as of 30 Sep 2020

Sekilas Surya Semesta Internusa

(6)

Manajemen SSIA dengan Pengalaman yang Handal

The Jok Tung

Direktur

Wilson Effendy

Direktur Prior work experience within Astra Group

Board of Directors

Hagianto Kumala

Presiden Komisaris

Emil Salim

Wakil Presiden Komisaris

Royanto Rizal

Komisaris

Steen Dahl Poulsen

Komisaris Crescento Hermawan Komisaris

Board of Commissioners

>50 Tahun Pengalaman >50 Tahun Pengalaman >45 Tahun Pengalaman >20 Tahun Pengalaman >40 Tahun Pengalaman Eddy P. Wikanta

Wakil Presiden Direktur >40 Tahun Pengalaman Johannes Suriadjaja Presiden Direktur >30 Tahun Pengalaman >20 Tahun Pengalaman >30 Tahun Pengalaman

(7)

Informasi pemilikan saham per of 30 Sep 2020. Market data per 30 Sep 2020 berdasarkan nilai tukar Rp 14,918/ USD. Property

PT Surya Semesta Internusa Tbk

Kapitalisasi Pasar: IDR 2.0tn / US$ 136mn

PT Suryacipta Swadaya PT SLP SURYA TICON INTERNUSA PT Ungasan Semesta Resort Construction

& Infrastructure Hospitality PT Suryalaya Anindita International PT Surya Internusa Hotels • Glodok Plaza (ritel) • Graha Surya Internusa (gedung kantor)(1) • Tanjung Mas Raya (perumahan) • Pergudangan dan Pabrik untuk disewakan -Karawang • Pergudangan untuk disewakan • Makassar Banjarmasin • Banyan Tree Ungasan Resort, Bali (operator) • Gran Meliá Jakarta • Meliá Bali Hotel • The Plaza Hotel Glodok, Jakarta • BATIQA Hotel Karawang, Cirebon, Jababeka, Palembang, Pekanbaru, Lampung, Surabaya

100%

50%

100.0%

100%

86.8%

100%

• Gedung tinggi • Fasilitas komersial • Fasilitas pabrik skala besar • Infrasktruktur (jembatan, jalan raya, dan dermaga)

66.0%

Listed entities on IDX Subsidiary

• Kawasan industri Suryacipta, 1.400 ha PT Sitiagung Makmur

100%

• Banyan Tree Ungasan Resort, Bali (pemilik asset) PT TCP Internusa

Note: (1)_{Sedang tidak beroperasi}

Struktur Perusahaan dan Proyek Utama

PT Nusa Raya Cipta Tbk Market Cap: IDR 724bn / US$ 49mn PT Surya Internusa Timur

(8)

building a better indonesia 7 • Kantor Cabang Nusa Raya

Cipta(“NRCA”)

Medan

Keberadaan Geografis di Indonesia

Kehadiran di Empat Belas Kota di Indonesia

Jakarta Bali Pekanbaru Medan Karawang Cirebon Subang

• Mengakuisisi tanah dengan ijin lokasi sebesar 2,717ha

• Jalan Tol Cikopo-Palimanan– divestasi pada 8 Mei 2017

Subang

• Suryacipta City of Industry (1,400ha)

• BATIQA Hotel & Apartments Karawang (Business Hotel, 3-star, 137 rooms) - Grand Opening pada 18 Sept 2014

• SLP Karawang 128,566 m2_{rentable buildings from 160.255}_m2_{utilized land}

Karawang

Semarang

Surabaya

• Batiqa Hotel (hotel Bisnis, 108 kamar) - Grand

opening tanggal 9 Sep

2015

Cirebon

• Melia Bali Hotel (hotel bintang lima, 494 kamar)

• Banyan Tree Resort Ungasan (resor boutique, 73 villa)

• Kantor cabang untuk NRCA

Bali

• Gran Melia Jakarta (5-stars, 338 kamar)

• Glodok Plaza (36,780 m2₎

• The Plaza Hotel Glodok, Jakarta (Budget Hotel, 91 rooms)

• Tanjung Mas Raya (21,000 m2_{, akan dibangun pada 2019)} • Pembangunan SSI Tower Prime Grade A (sebelumnya

Graha Surya Internusa (tanah seluas 8,525 m2₎

Jakarta

• Kantor cabang NRCA

Semarang

• Kantor cabang NRCA

• BATIQA Hotel (hotel Bisnis, Bintang tiga, 87 kamar)

-Grand opening pada 8 Agustus 2018

Grand opening in 8 Aug 2018

Surabaya

Jababeka

• BATIQA Hotel (hotel Bisnis, Bintang tiga, 127 kamar)

-Grand opening pada 11 Nov

2015

• BATIQA Hotel (hotel Bisnis, bintang 3, 160 kamar)

-Grand opening pada 18 Feb

2016

Jababeka

Palembang

Lampung

• BATIQA Hotel (hotel Bisnis, 3-star, 133 rooms) - Grand

opening pada 26 Aug 2016

• BATIQA Hotel (Business Hotel, 3-star, 109 rooms) - Grand

opening pada 16 Sep 2016

Pekanbaru

Lampung

• SIT pergudangan – 10.000 m2 • SIT peergudangan– 10.000 m2

Banjarmasin

Makassar

(9)

Strategi Perusahaan Ke Depan

Melanjutkan fokus di bidang konstruksi dan

pengembangan properti di Indonesia

1 Strategi persediaan tanah yang tepat untuk mencapai laba

yang berkelanjutan dan optimal

2 Diversifikasi produk, segmen, dan geografis yang

berkelanjutan

3 Peningkatan recurring income melalui unit usaha

perhotelan, pergudangan, dan properti komersial

4 Vision: Untuk membangun Indonesia yang lebih baik melalui unit usaha properti, konstruksi dan perhotelan dapat

(10)

building a better indonesia _{Source: Bank Indonesia, Indonesian Bureau Statistics - April 2016 onwards rate refers to BI 7-day (Reverse) Repo Rate} 9

11,000

13,000

15,000

17,000

Nilai Tukar (Rp/US$)

-6.0%

-2.0%

2.0%

6.0%

2

0

1

5

2

01

6

2

0

1

7

2

0

1

8

2

01

9

9 M

2

0 Pertumbuhan Ekonomi (%YoY)

1.0%

2.0%

3.0%

4.0%

5.0%

Inflasi

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%

Kurs BI

(11)

Pendapatan Usaha dalam Unit Usaha(

9M2020

)

13%

79%

8%

Properti

Konstruksi

Perhotelan

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

EBITDA dalam Unit Usaha (

9M2020

)

90%

153%

-144%

Property

Construction

Hospitality

-200% -150% -100%

-50%

0%

50%

100%

150%

200%

Pendapatan Usaha dalam Unit Usaha(

9M2019

)

EBITDA dalam Unit Usaha (

9M2019

)

9%

69%

22%

Properti

Konstruksi

Perhotelan

0.0%

20.0%

40.0%

60.0%

80.0%

18%

42%

40%

Properti

Konstruksi

Perhotelan

0%

10%

20%

30%

40%

50%

Sekilas Mengenai Unit Usaha

Properti

Konstruksi

Perhotelan

IDR 40bn

IDR 291bn

IDR 2.125bn

IDR 2.769bn

(12)

Pendapatan Usaha Konsolidasi

(9M19 vs 9M20, Rp Miliar)

2,769

2,125

9M19

9M20

Laba Kotor

680

339 9 M 1 9

9 M 2 0

EBITDA

291

40 9M19

9M20

Pendapatan Bersih

-8

-198

9M19

9M20

Ikhtisar Keuangan 9M20

(13)

Pendapatan Segmen Usaha Properti

258

279 9M19

9M20

Pendapatan Segmen Usaha Konstruksi

1,910

_1,672

9M19

9M20

Pendapatan Segmen Usaha Perhotelan

603

178 9M19

9M20

(14)

Pendapatan Usaha Konsolidasi

(2015-9M20, Rp Miliar)

Pendapatan Berulang

(1)

(2015-9M20, Rp Miliar)

Note: (1)_{Pendapatan berulang dari hotel, sewa, parkir dan pemeliharaan.}

880 ₆₆₀

414

442

588 ₂₅₈

₂₇₉

3601

2,476

2,164

2,454

2,611

1,910

_1,672

655

678

697

803

811

603

178 2015

2016

2017

2018

2019

9M19

9M20

Property

Construction

Hospitality

Others

2,769

2,125

4,006

3,682

4,868

3,797

3,274

858

898

934 1,086

1,098

816

390 2015

2016

2017

2018

2019

9M19

9M20

(15)

Marjin Laba Kotor Properti %

Marjin Laba Kotor Perhotelan

%

57.2%

48.8%

51.0%

52.2%

38.4%

38.5%

0%

10%

20%

30%

40%

50%

60%

70%

2016

2017

2018

2019

9M19

9M20

63.8%

63.4%

64.7%

63.5%

63.3%

33.4%

0%

20%

40%

60%

80%

100%

2016

2017

2018

2019

9M19

9M20

Marjin Laba Kotor Konstruksi

(1)

%

10.2%

_9.9%

10.2%

10.4%

10.6%

10.5%

0%

5%

10%

15%

2016

2017

2018

2019

9M19

9M20

Note: (1) _{Includes projects within SSIA group}

(16)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Pendapatan

3.797

3.274

3.682

4.006

2.769

2.125 Pendapatan Usaha

-22%

-14%

12%

9%

4%

-23%

Laba Kotor

1.069

864

981

1.091

680

339 Marjin Laba Kotor

28%

26%

27%

25%

16%

EBITDA

613

413

455

533

291

40 Marjin EBITDA

16%

13%

12%

13%

11%

2%

Laba Usaha

441

2.029

354

420

217 -4

Marjin Laba Usaha

12%

62%

10%

8%

0%

Laba (Rugi) Bersih

62

1.178

38

92 (8)

(198)

Net Profit Margin

2%

36%

1%

2%

0%

-9%

Laba (Rugi) Komprehensif

45

1.157

27

53 (15)

(195)

EPS

(Rupiah, setelah stock split)

13

252

8

20 (2)

(43)

Ikhtisar Keuangan

(17)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Properti

660

414

442

588

258

279 Persentase Unit Usaha

17%

13%

12%

15%

9%

13%

Konstruksi

2.476

2.164

2.454

2.611

1.910

1.672 Persentase Unit Usaha

65%

66%

65%

69%

79%

Perhotelan

678

697

803

811

603

177 Persentase Unit Usaha

18%

21%

22%

20%

22%

8%

Lainnya

27

17

10

11

13 Elimination

(44)

(18)

(26)

(16)

(14)

(17)

Total

3.797

3.274

3.682

4.006

2.769

2.125 Ikhtisar Keuangan

(18)

EBITDA defined as net income, before interest expenses, tax expenses,

depreciation and amortization expenses, includes JO income (loss)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Properti

315

139

175

244

57

60 Persentase Unit Usaha

49%

31%

32%

42%

18%

90%

Konstruksi

195

157

184

163

137

103 Persentase Unit Usaha

30%

35%

34%

28%

42%

153%

Perhotelan

138

148

186

177

130 (96)

Persentase Unit Usaha

21%

33%

34%

30%

40%

-144%

Lainnya

(41)

(38)

(81)

(54)

(34)

(27)

Elimination

6

6 (9)

3

2

0 Total

613

413

455

533

291

40 Ikhtisar Keuangan

(19)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Properti

234

80

127

159

19 (48)

Persentase Unit Usaha

77%

48%

49%

58%

15%

34%

Konstruksi

101

153

123

105

64 Persentase Unit Usaha

33%

92%

48%

39%

80%

-45%

Perhotelan

(29)

(66)

8

6 (157)

Persentase Unit Usaha

-10%

-39%

3%

5%

111%

Lainnya

(207)

1.077 (146)

(156)

(89)

(29)

Minority Interest &

Elimination

(36)

(66)

(74)

(23)

(49)

(27)

Total

62

1.178

38

92 (8)

(198)

Ikhtisar Keuangan

(20)

Ikhtisar Keuangan -

POSISI KEUANGAN KONSOLIDASIAN

In IDR Billions

₂₀₁₆

₂₀₁₇

₂₀₁₈

₂₀₁₉

_9M20

Aset Lancar

_3.381

_5.085

_3.459

_4.058

_3.340

Kas & Setara Kas Inv. Sementara

_1.520

_1.145

_1.372

_1.527

₈₂₀

Account Receivables

_1.129

_1.239

_1.515

_1.545

Inventori

₃₉₂

₄₁₅

₄₆₃

₄₂₂

₄₅₇

Aset Lancar – Lain-lain

₃₄₀

_2,396

₃₈₅

₅₉₃

₅₁₉

Aset tidak Lancar

_3.815

_3.766

_3.946

_4.035

_4.427

Investasi pada Joint Ventures

₈₅₄

₄₁₀

₃₁₉

₃₂₇

₃₁₅

Aset Real Estate

₆₀₇

_1.297

_1.566

_1.675

_2.126

Aset Tetap – Bersih

_1.182

_1.250

_1.252

_1.211

_1.173

Rental dan property investasi - bersih

605

768

733

707

696 Aset tidak lancer-lainnya

₅₆₆

₄₁

₇₆

₁₁₆

₁₁₇

Total Aset

_7.195

_8.851

_7.404

_8.092

_7.767

Liabilitas Jangka Pendek

_1.896

_2.640

_2.033

_1.713

_2.089

Liabilitas Jangka Panjang

_1.946

_1.735

₉₈₆

_1.901

_1.467

Kepentingan Non Pengendali

₄₄₁

₄₆₈

₄₄₁

₅₁₄

₅₀₅

Ekuitas

(2007 :949 juta saham,

2008, 2009 dan 2010:

1,176 juta saham,

2011-sekarang: 4,705 juta saham)

2.912

4.009

3.944

3.964

3.707

(21)

Note: * In July 2011, SSIA splits its stock 4-for-1, then outstanding shares become 4,705 million shares with par value Rp 125 per share - ROE and ROA are annualized– (1) Hedged with Cross Currency Interest Rate Swap (CCIRS)

Ikhtisar Keuangan -

Rasio Kinerja Utama

In IDR Billions

₂₀₁₆

₂₀₁₇

₂₀₁₈

₂₀₁₉

_9M20

Hutang Bank

Denominasi Rp (dalam miliar Rp)

2.457

2.271

1.507

1.194

1.243 Denominasi USD (dalam miliar USD)

-

662

(1)

₇₁₅

(1)

Jumlah Hutang dalam miliar Rp

2.457

2.271

1.507

1.856

1.959 Debt to Equity Ratio

73%

51%

34%

41%

47%

ROE

2,1%

29,4%

1,0%

2,3%

-7,1%

ROA

0,9%

13,3%

0,5%

1,1%

-3,4%

Current Ratio

178,3%

192,6%

170,1%

236,8%

159,9%

Liability to Equity

132,0%

109,1%

76,6%

91,2%

95,9%

Liability to Asset

53,4%

49,4%

40,8%

44,7%

45,8%

Nilai Buku/Saham (Rp)

-par value : 2007 - Jun 2011 :

Rp 500 per saham, Jul 2011

-sekarang : Rp 125 per saham

623,6

858,6

848,3

852,7

811,6

(22)

2

(23)

PROPERTI

- PT Suryacipta Swadaya (“SCS”)

- PT SLP SURYA TICON INTERNUSA(“SLP”)

- PT TCP Internusa (“TCP”)

- PT Sitiagung Makmur (“SAM”)

(24)

Source: BKPM (Indonesia Investment Coordinating Board), Colliers

29.3

28.9

32.2

29.3

28.2

21.2

21.0

14.4

16.1

19.6

24.5

25.8

18.9

21.5

44

45

52

54

40

42

348

175

208

186

274

227

118

0

50

100

150

200

250

300

350

400

0

10

20

30

40

50

60 2015

2016

2017

2018

2019

9M19

9M20

DDI (US$ b)

FDI (US$ b)

Total FDI+DDI

Land Sales (ha)

Foreign Direct Investment and Domestic Direct Investment Realization (LHS)

(25)

Source: Colliers 3Q 2020 Research

(26)

Source: Colliers 3Q 2020 Research

(27)

Note: Process chart not drawn to scale Penjualan accounting Pengakuan Pendapatan usaha Penjualan marketing diakui (uang muka penjualan

tercatat)

Pembayaran penuh atas jumlah tersisa Minimal 20% Uang Muka (tidak dapat dikembalikan) ) Pembayaran sesuai dengan metode dan waktu pembayaran yang

telah disepakati

Serah Terima

Persiapan site Completion and Handover Akuisisi

lahan Pembuatan

masterplan Pembangunan infrastruktur dasar

Bus in e s s M od e l (In du s tria l/ Prope rty ) Persiapan Proyek Dimulainya Proses Marketing Penanda tanganan Purchase Confirmation Letter (“PC”) Customer yang berminat memilih lokasi unit

Master Plan

Persiapan & Penyelesaian

Kavling

Infrastruktur Dasar & Penjualan Marketing

(28)

Revenue

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Industrial Estate (SCS)

Land Sales

439

176

154

297

43

62 Industrial Estate (SCS)

Non-Land

166

182

217

220

162 ₁₇₃

Rental Property

(TCP &

Others)

55

71

54

44 TOTAL

660

414

442

588

258

279 Unit Usaha

(29)

Property Business Segment Revenue

(2015-9M20, IDR Billions)

Suryacipta City of Industry ASP

(US$ / sqm)

825

605

358

371

517

205 ₂₃₅

55

71

54

44 2015

2016

2017

2018

2019

9M19

9M20

Industrial Estate

Rental Property

258

279

150

121

120

121

0

100

200 2015A

2016A

2017A

2018A

2019A

880

660

414

442

588

(30)

Trans Java Toll Road Network

(1)

Potensi akses langsung jalan tol

ke kawasan industri Subang

Merak Tangerang Jakarta Bogor Bandung Cirebon Kanci Sukabumi Cianjur Pejagan Pemalang Pekalongan Semarang Jogyakarta Solo Ngawi Mantingan Mojokerto Pandaan Malang Gempol Banyuwangi Pasuruan Probolinggo Kertosono Nganjuk Surabaya Bawen Suryacipta City of Industry Sumedang Subang Cikopo Palimanan Pandalarang Kertajati Airport Soekarno-Hatta International Airport Bekasi

Planned Toll Roads

Subang

Toll Roads Operated by Jasa Marga

Jakarta

Toll Roads Operated by Other Investors

Airport

Suryacipta City of Industry

• Location permit for 2,000ha in 2014, for Industrial Estate

• Suryacipta City of Industry – 1,400ha location permit

• Cikopo-Palimanan Toll Road

Melakukan sinergi dengan proyek

terkini perusahaan

Konektivitas yang meningkat di

bagian barat pulau Jawa (Banten,

Jawa Barat, dan Jakarta) yang

terhubung dengan jalan tol

Existing Port

Tanjung Priok

Planned Port

Patimban

Note: (1)_{Map not drawn to scale.}

Batang

Subang Industrial City secara strategis berlokasi di:

• km 88 dari Jakarta

• 37.7 km away from new flagship port project

Patimban, West Java (initial capacity of 250k

TEUs)

• 75 km from new Kertajati international airport

(Opened 24 May 2018)

(31)

53% 24%

5% 4%

4%2%8%

Japan Indonesia India Malaysia Swiss Belgium Others 60% 10% 9% 3% 1% 17% Auto-related F&B Construction Pharmaceuticals Packaging Others Toll Gate To Karawang To Karawang To Karawang To Cikopo To Jakarta West Karawang Interchange Jakarta – Cikampek Toll Road East Karawang Interchange Toll Gate Toll Gate Phase II Phase I

Jenis Tenant yang Beragam

Foreign-owned Tenants

Local-owned Tenants

Tenant Landbank by Country

Community Facilities Sold Area

Industrial Area Commercial Area Utility

Phase III

Konektivitas Infrastruktur Penunjang yang Unggul

55 km dari Jakarta

80 km dari Soekarno-Hatta International airport 65 km dari Tanjung Priok seaport

90 km dari Bandung (Ibukota Jawa Barat)

Tenant Landbank by Sector

Inventory Land (ha)

License – gross

1,400

Phase 1, 2 & 3 – gross

1,400

Industrial & Commercial

land – 1 Jan 2020

116 Sold up to 30 Sep 2020 –

net

(3.3)

Adjustment

(1.1)

Total Land bank 30 Sep 2020 –

net

112

(32)

Dukungan kebijakan pemerintah untuk industrialisasi yang memacu pertumbuhan PMA (Penanaman Modal

Asing/FDI) dan ekspansi pabrikan domestik yang dikarenakan kapasitas mereka telah fully utilized, menjadi

pendorong utama bagi pertumbuhan penjualan di kawasan industri

Penjualan lahan –

Booked

2016

2017

2018

2019

9M19

9M20

Penjualan Lahan (ha)

33,7

11,5

8,7

17,1

2,5

3,3

TOTAL Nilai Jual

(dalam Rp miliar)

439

176

154

292

41

40 Penjualan Lahan

(Marketing)

2016

2017

2018

2019

9M19

9M20

Penjualan Lahan

(ha)

10,4

2,1

8,3

17,8

16,7

5,6

Total Nilai Jual

(dalam Rp miliar)

160

42

149

305

286

82 Unit Usaha

Properti: Tinjauan Kawasan Industri

(33)

Glodok Plaza (GP)

90.0%

85.0%

79.0%

78.9%

76.7%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2016

2017

2018

2019

9M19

9M20

Tingkat Hunian (%)

Pendapatan (dalam Rp Miliar)

55

53

55

56

42

33

0

10

20

30

40

50

60 2016

2017

2018

2019

9M19

9M20

Unit Usaha

(34)

PT SLP

SURYA

TICON

INTERNUSA

(“SLP”)

• PT Surya Semesta Internusa Tbk (Indonesia) – kepemilikan

saham 50%

• MITSUI & CO., Ltd (Japan) - kepemilikan saham 25%

• Frasers Property Plc. (formerly Ticon Industrial Connection

Plc.) (Thailand) – kepemilikan saham 25%

• Secara bersama mengakusisi total 22ha area lahan di SLP

Karawang

• Utilisasi lahan seluas 160.255 m

2

_{(73%) di SLP Karawang}

• Existing building : 128.566 m

2

• 9M20 occupancy rate : 92%

Tenant

Sector

• Logistics

• F&B

• Automotive

• FMCG

Unit Usaha

Properti: Tinjauan Properti Persewaan

77.8%

92.2%

97.6%

96.3%

92.3%

0%

20%

40%

60%

80%

100%

120%

2016

2017

2018

2019

9M19

9M20

(35)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Pendapatan

660

414

442

588

258

279 Pertumbuhan Pendapatan

-25%

-37%

7%

33%

81%

8%

Laba Kotor

378

202

225

307

99

107 Marjin Kotor

57%

49%

51%

52%

38%

EBITDA

315

139

175

244

57

60 Marjin EBITDA

48%

34%

40%

42%

22%

Laba Usaha

304

146

177

242

45

84 Marjin Laba Usaha

46%

35%

40%

41%

17%

30%

Laba Bersih

234

80

127

159

19 (48)

Marjin Laba Bersih

36%

19%

29%

27%

7%

-17%

Ikhtisar Keuangan

(36)

Commercial Area Developement Suryacipta City of Industry Entrance

Toll Exit Leading to Suryacipta City of Industry Suryacipta City of Industry Factory

(37)

2.1.1

(38)

Subang Smartpolitan

-

A breakthrough in Indonesia

- To create a bustling new vibrant community to

(39)

(40)

(41)

Page 40



Lokasi Strategis

▪ Masa depan koridor industri;

▪ Berada di dalam Rebana Triangle;

▪ Akses tol langsung (melewati Tol Trans

Java);

▪ Dekat dengan Pelabuhan Patimban;

▪ Dekat dengan Bandara Udara Kertajati di

Jawa Barat;

▪ Terhubung melalui jaringan rel kereta api

serta Kereta Cepat Jakarta-Surabaya yang

telah direncanakan;

▪ Kota-kota besar dapat dijangkau dalam 2 jam

(misalnya Jakarta) dengan mobil.



Labour

▪ Competitive

Labour

Cost

(2020

=

IDR2,965,468)

▪ Ample Labour Supply (2019 >15yo = 1.2mio)



Utilitas, prasarana dan fasilitas pendukung Kelas

Dunia

KENAPA SUBANG?

Subang Smartpolitan

Jakarta

Patimban

Seaport

West Java

Int’l Airport

Tanjung

Priok

Seaport

Karawang

Subang City

Cikarang

Central Java

Province

±35Km / 40mins

±52Km / 55mins

±89Km / 95mins

±82Km / 95mins

±100Km / 132mins

±40Km / 45mins

±26Km / 35mins

±72Km / 90mins

±159Km

(42)

Page 41

MASTERPLAN

Diamond Bay (60Ha)

Akses langsung dari

Cipali-Patimban Toll

Construction: Q2-2022

Toll Exist Ready: Q2-2023

Completion: Q1-2024

Patimban Toll Road

(akses langsung ke

Pelabuhan Patimban)

Phase 1 Development

(400Ha)

Handover Q1 2023

Residential Area (40Ha)

Cipali Interchange KM89

Subang Smartpolitan, the pioneer of smart and sustainable city

development that leverages technology and IOT to promote

efficiency and security of its tenants.

With total area of 2,717Ha, Subang Smartpolitan shall be developed

in 4 phases, whereas the 1

st

_{phase development begins Q4 2020}

(Ready for handover Q1 2023), including:

• Commercial;

• Industrial;

• Residential;

• Supporting infrastructures and facilities.

Subang

Smartpolitan

is

designed

to

be

accommodative

to

Automotive,

High-Precisions,

Consumer

Goods,

Medical

Pharmaceutical, IT & Data Centre industries, as well as logistic

activities.

(43)

Page 42

SOUTH SMART CORE

South

Smart

Core,

Pengembangan

60 Ha

berlokasi di jantung Subang Smartpolitan, memiliki :

▪ Diamond Bay:

• Marketing Gallery;

• Command Centre;

• Office Towers;

• Hotel and Apartments;

• Garden

Villas

(Highend

F&B,

Retail,

Clubhouse, Museum, Arts Centre)

▪ Education and R&D Centers;

▪ Hospitals (Medical Facility);

▪ Shopping Mall, Factory Outlets and F&B Outlets;

▪ Business Park;

▪ Theme Park and Recreational Center;

▪ Community Facilities;

▪ South Smart Core Particular

• Land Coverage Ratio (KDB)

: 60% of total land size

• Floor Coverage Ratio (KLB)

: 600% of total land size

• Building Setback (GSB)

• Front (Main Road)

: 10m

• Front (Secondary Road) : 6m

• Side

: 6m

• Back

: 6m

• Max. Building Height

: 100m

• ROW

▪ Main Road

: 30m (2 lanes, 2 ways)

(44)

Page 43

SEZ SMART CORE

Riverfront Skyline

(45)

Page 44

NORTH SMART CORE

Festival Gateway

(46)

• Konsorsium JM (terdiri dari PT Jasa Marga (Persero) Tbk, PT Surya Semesta Internusa Tbk, PT

Jasa Sarana dan PT Daya Mulia Turangga) telah menerima persetujuan sebagai Pemrakarsa

Proyek Jalan Tol Akses Patimban dengan Right to Match sebagaimana diatur dalam Surat

Menteri Pekerjaan Umum tertanggal 2 November 2017

• Sesuai dengan usulan Konsorsium JM, maka ruas Tol Akses Patimban sepanjang 37,7 km

ini telah diputuskan untuk menghubungkan Pelabuhan Patimban dengan ruas tol Cipali di

KM 89.

Patimban Toll Road data :

✓

Length : 37.7 km

✓

Number of lanes : 2 x 2

✓

Lane width : 2 x 3.6 m

✓

Number of interchange :

- Initial : 2 locations

- Ultimate : 3 locations

✓

Pavement : rigid & flexible

pavement

✓

Terrain : mostly flat

✓

Initial traffic : 9,000 veh/day

(47)

Jan – Feb 2021

Pre-Qualification

Mar – Apr 2021

Investment Tender

May – Jun 2021

Winner Announcement

Technical Aspect

Total Length

37.7 km

Estimated Schedule

Land Acquisition

2021-2022

Construction

2022-2023

Operation

2024

• The toll track has been decided and it

will pass through our development land.

INFRASTRUKTUR – AKSES TOL PATIMBAN

(48)

2.2

Konstruksi

(49)

Bisnis Model dengan Modal Risiko Rendah

Bis ni s M od e l (Kons truk s i)

Proses

Penunjukan

Proses Pembayaran Antara Pihak Terkait

Penyerahan dan

_{Serah Terima}

Undangan Tender Pendaftaran Tender Negosiasi Penunjukkan Pembayaran di Muka (Jaminan Bank) & Performance Bond Pembayaran Uang Muka ke Supplier Pembayaran Uang Muka dari Pemilik Billing Bulanan sesuai Progress & pembayaran Pembayaran ke Supplier & Pekerja Serah Terima Retention Period Final Delivery And Payment of Retention Minimal 10 – 20%(1) Uang Muka (tidak dapat dikembalikan) ) 6% - 12%(2) untuk mengunci harga material yang sensitif terhadap kurs US$

Pengakuan pendapatan usaha berdasarkan % penyelesaian

5% dari nilai proyek

Penyerahan Pertama

Catatan: (1)_{Berdasarkan persentase dari nilai proyek. Jumlah uang muka tergantung dari ukuran}

proyek dimana 10% untuk proyek besar dan 20% untuk proyek kecil

(50)

Unit Usaha Konstruksi

Pangsa Pasar Terbesar

…

(2014-2019, Pendapatan, Rp Triiliun)

…dan Profitabilitas diantara Perusahaan swasta

Profit Margin (%)– 9M20

Kontrak Baru

Contract Value (IDR Bn)

Profil Customer yang kuat & loyal

(2013- 9M20) Contract Value (IDR Bn), All customers

_{2015 – 2019}

Hit Rate

(1)

_:

25-30% of Tender

Source: IDX

Note: Jaya Konstruksi revenue only from construction sector

Note: JKON* net profit includes construction and other services

(1)_{Refers to total wins as a percentage of tenders submitted for projects}

3,566(2) 3,025 2,811 2,841 _2,693 2,028 1,799 780 2015 2016 2017 2018 2019 9M19 9M20 540 581 657 607 839 855 1,349 1,458 1,727 1,759 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 SINARMAS GROUP CIPUTRA GROUP PT JAYA BUMI CAKRAWALA AYANA GROUP SIDOMUNCUL GROUP TOKYU LAND INTILAND GROUP MAYAPADA GROUP AGUNG PODOMORO GROUP JO KG-NRC Repeat 56% Non-repeat 44% 2.62 1.90 2.47 0.90 3.95 0.0 1.0 2.0 3.0 4.0 5.0 2014 2015 2016 2017 2018 2019

Nusa Raya Cipta Jaya Konstruksi Total Bangun Persada Nusa Konstuksi Enjiniring ACSET

3.9%

N/A

4.7%

N/A

_(78.4%)

Nusa Raya Cipta Jaya Konstruksi TOTAL DGIK ACSET

(51)

82%

_78%

45%

81%

74%

11%

13%

17%

18%

2%

_3%

3%

0%

5%

6%

39%

1%

7%

2016

2017

2018

2019

9M20

Klasifikasi Kontrak Baru

(in IDR billions)

Others (School, Hospital, etc)

Infrastructure

Industrial Building

Commercial Building ( Apartment, Office, Hotel, and

Shopping Center)

2,811

2,841

2,693

2,028

780 Proyek besar yang diperoleh di 9M20, antara lain:

−Lampung City Mall, Lampung

−Ext North Wing Ayana Resort, Jimbaran Bali

−Mega Surya Mas Ext. Sby, Sidoarjo

−Sekolah Tritunggal Semarang

−Electrical Carstensz Apartment Gading Serpong

−Tempo Optima Cikarang

−Thaiunion Kharisma Lestari

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Contract on hand

- beginning

3,192

3,527

4,204

4,444

3,479

Contract obtained

2,811

2,841

2,693

2,028

1,799

780 Less: Revenue

progress - before

elimination

(2,476)

(2,164)

(2,454)

(2,611) (1,910)

(1,672)

Contract on hand

- ending

3,527

4,204

4,444

3,479

4,332

2,587

Unit Usaha

(52)

building a better indonesia _{Note: NRCA Operating Result doesn’t include intercompany eliminations - ROE are annualized} 51

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Pendapatan

2.476

2.164

2.457

2.618

1.915

1.674 Pertumbuhan

Pendapatan

-31%

-13%

14%

7%

3%

-13%

Laba Kotor

253

215

251

274

202

176 Marjin Kotor

10%

11%

Pendapatan dariJO

31

27

27 (1)

8 (8)

EBITDA

211

275

219

190

171

132 Marjin EBITDA

9%

13%

9%

7%

9%

8%

Laba Usaha

142

218

164

172

149

129 Marjin Laba Usaha

6%

10%

7%

8%

Laba Bersih

101

153

118

101

106

66 Marjin Laba Bersih

4%

7%

5%

4%

6%

4%

EPS (full amount)

41

63

48

41

44

27 ROE

9%

13%

10%

8%

12%

7%

Unit Usaha

(53)

Ikhtisar Keuangan

Konstruksi : Laporan Posisi Keuangan

In IDR Billions

₂₀₁₆

₂₀₁₇

₂₀₁₈

₂₀₁₉

_9M20

Assets

Kas & setara kas

447

657

736

689

565 Piutang Usaha

1.111

1.085

1.198

1.468

1.517 Uang Muka

₂₃

₃₁

38

34

32 Investasi Jalan Tol

125

0

0 Lain-lain

428

569

283

272

257 Total Aset

2.134

2.342

2.255

2.463

2.371 Liabilities

Hutang Bank

-

9

109

192 Hutang Usaha

₅₀₉

₄₆₇

471

622

561 Uang Muka dari Pelanggan

278

488

449

369

258 Lain-lain

205

184

118

142

142 Total Liabilitas

992

1.139

1.046

1.242

1.152

(54)

Karya Berkualitas Unggul di Berbagai Sektor

RS Budi Medika

(Lampung)

Ayana Komodo Resort

(Labuan Bajo)

The Park Mall Sawangan

(Depok)

Mayapada Hospital

(Bandung)

Pacific Garden

(Tangerang)

Pembelajaran Arntz-Geise Unpar

(Bandung)

(55)

Perhotelan

- PT Suryalaya Anindita International (“SAI”)

- PT Ungasan Semesta Resort (

“USR”)

- PT Surya Internusa Hotels (“SIH”)

(56)

Source: Colliers 3Q 2020 Research & STR Global

(57)

Source: Colliers 3Q 2020 Research & STR Global

(58)

200 ₁₇₁

151

165

147

107

34

261

286 ₃₁₅

397 ₄₁₉

314

81

162 ₁₅₅

151

144

110

26

32

66

80

97

101

72

37 2015

2016

2017

2018

2019

9M19

9M20

Gran Melia

Melia Bali

Banyan Tree

BATIQA+PHG

811

655

678

697

803

603

178 Pendapatan

(2015-9M20, Rp Juta)

Tingkat Okupansi

(2015-9M20, %)

Room RevPar

(3) (2015-9M20, US$)

Opened Seven BATIQA Hotels

(1)

Note: (1)_{Locations include Karawang, Cirebon, Jababeka, Palembang, Pekanbaru, Lampung, Surabaya} (2)_{Occupancy rate consists of the average occupancy of seven locations BATIQA Hotels}

(3)_{USDIDR of 14,918 exchange rate used to convert BATIQA room RevPar}

15.0% 20.8% 14.7% 35.7%(2) 10% 20% 30% 40% 50% 60% 70% 80% 2015 2016 2017 2018 2019 9M20

Gran Melia Melia Bali Banyan Tree BATIQA

59 ₅₀ ₄₆ ₄₈ 40 12 69 73 77 87 93 23 316 287 ₂₈₁ 257 254 64 19 ₁₂ ₁₄ ₁₅ ₁₄ ₇ 2015 2016 2017 2018 2019 9M20

Gran Meliá Meliá Bali Banyan Tree BATIQA

(59)

Note: 2016, 2017, 2018 BATIQA consists of Karawang, Cirebon, Jababeka, Palembang, Pekanbaru, Lampung BATIQA 2014, 2015 consists only BATIQA Karawang

GMJ : Gran Melia Jakarta; MBH : Melia Bali Hotel; BTUR : Banyan Tree Ungasan Resort

ARR ($)

2016

2017

2018

2019

9M19

9M20

GMJ

109

103

94

88

81 MBH

94

101

113

118

117

110 BTUR

442

466

468

440

441

434 BATIQA (Rp)

303.507

300.366

332.953

314.449

310.711

300.912 Room RevPAR ($)

2016

2017

2018

2019

9M19

9M20

GMJ

50

46

48

40

38

12 MBH

73

77

87

93

23 BTUR

287

281

257

254

256

64 BATIQA (Rp)

162.585

184.244

210.254

200.519

189.901

107.492 Total RevPAR ($)

2016

2017

2018

2019

9M19

9M20

GMJ

92

86

90

82

80

34 MBH

119

130

153

165

164

42 BTUR

448

435

388

393

400

94 BATIQA (Rp)

249.566

277.133

308.507

301.654

287.266

153.829

(60)

(in IDR Billions)

2016

2017

2018

2019

9M19

9M20

Pendapatan

678

697

803

811

603

177 Pertumbuhan Pendapatan

4%

3%

15%

1%

-71%

Laba Kotor

433

442

519

515

382

59 Marjin Kotor

64%

63%

65%

64%

63%

33%

EBITDA

138

148

186

177

130 (96)

Marjin EBITDA

20%

21%

23%

22%

-54%

Laba Usaha

23

37

73

62

47 (163)

Marjin Laba Usaha

3%

5%

9%

8%

-92%

Laba Bersih

-29

-66

8

6 (157)

Marjin Laba Bersih

-4%

-9%

1%

-89%

Unit Usaha

(61)

Café Gran Via

Reception Guest Room

Foto Gran Melia Jakarta

(62)

Villa Main Pool

Family Suite Room

Foto Melia Bali Hotel

Lobby Hotel

Swimming Pool The Level

(63)

Foto Banyan Tree Ungasan Resort

Sanctuary Villa Cliff Edge Villa Ju-Ma-Na terrace

Sanctuary Villa Cliff Edge (jetpool) Swimming Pool – Sanctuary Villa The White Dove Wedding Venue

(64)

Foto BATIQA Hotels

Exterior view of BATIQA Hotel Cirebon

FRESQA Bistro

Lobby

Suite Room

(65)

PT Surya Semesta Internusa Tbk

Tempo Scan Tower 20th Floor Jl. HR. Rasuna Said Kav. 3-4 Kuningan, Jakarta 12950, Indonesia Ph. +62 21 526 2121 / +62 21 527 2121 Fx. +62 21 527 7878

www.suryainternusa.com

These materials have been prepared by PT Surya Semesta Internusa Tbk (the “Company”, “SSIA”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed.

These materials may contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as “expects,” “plan,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.

These materials are for information purposes only and do not constitute or form part of an offer,

solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professional advice.

THANK YOU

Erlin Budiman

VP Head of Investor Relations

(66)