Q09

www.bakrieland.com

2

DAFTAR ISI

Profil Bakrieland ……….

3

Proyek City Property ………..……….………..

8

Proyek Landed Residential ………...….………..

13

Proyek Hotel & Resort ………..…………16

Proyek Infrastruktur ……….

19

Kinerja Keuangan ………..……….………...……..

21

The Developer of the Year

At 2010 Indonesia Property & Bank Award

The Best Listed Company

In Property & Real Estate

At 2008 Bisnis Indonesia Award

Best GCG most improved category

At 2009 GCG Award by IICD & CIPE

The Winner in 2008 Annual Report Award

for Listed Private Non-Finance Company Category

At 2008 ARA by Bapepam-LK and IDX

3

PROFIL

BAKRIELAND

CORPORATE STRUCTURE

4

PT. Libratindo Gemilang 99.99%

INTEGRATED PROPERTY COMPANY

BAKRIELAND

INVESTMENT

The Jungle Water Park Orchard W alk

PROJECT

Bogor Nirwana Residence Aston Bogor Hotel & Resort PT. Graha Andrasentra P. 99.78% INVESTMENT Wisma Bakrie 1 Wisma Bakrie 2 Bakrie Tower * Lifestyle Center * Aston Rasuna Hotel * Pasar Festival Gold Gym Elite Rasuna GMSB PROJECT Rasuna Epicentrum: Grove Condominium Wave Condominum Convergence Indonesia PT. Bakrie Swasakti Utama 69.62%

PROJECT

Ijen Nirwana Residence PT. Dutaperkasa U. 64.86%

PROJECT

Batam Nirwana Residence PT. Mutiara Permata Biru 98.78%

PROJECT

Pullman Bali Legian Nirwana PT. Samudra Asia Nasional 99.78%

PROJECT

Ubud Nirwana Villas PT. Berkah Puhu Lestari 99.99%

PROJECT

Krakatoa Nirwana Resort PT. Krakatau Lampung T. D. 90%

PROJECT

Balikpapan Nirwana Residence

INVESTMENT

Nirwana Bali Resort PT. Bali Nirwana Resort 52.55%

INVESTMENT

W T&D for East side of Jakarta PT. Aetra Air Jakarta 5%

PROJECT

Sentra Timur Residence PT. Bakrie Pangripta Loka 99.99%

INVESTMENT

Kanci-Pejagan Toll Road PT. Semesta Marga Raya 100%

PT. Bakrie Toll Road 99.99%

PT. Bakrie Infrastructure 99.99%

CITY PROPERTY LANDED RESIDENTIAL HOTEL & RESORT

P R O P E R T Y PROPERTY RELATED INFRASTRUCTURE

TOLL ROAD WATER TREATMENT & DIST.

Revenue : IDR 272 bn (51%) EBITDA : IDR 44 bn (38%) Revenue : IDR 111 bn (21%) EBITDA : IDR 35 bn (30%) Revenue : IDR 126 bn (23%) EBITDA : IDR 26 bn (22%) Revenue : IDR 29 bn (5%) EBITDA : IDR 11 bn (10%) Revenue : NA EBITDA : NA

Revenue & EBITDA are based on 1H10 results * Partly retained

BUSINESS MODEL & STRATEGI

INTEGRATED PROPERTY COMPANY

P R O P E R T Y

PROPERTY RELATED INFRASTRUCTURE

BAKRIELAND

New regional development

Better margin and growth

Land acquisition expert

Land acquisition acceleration

Integrated property expansion

Traffic enhancement

Integrated water solution

A green operation

VALUE CREATION TO STAKEHOLDERS

SYNERGY

OPTIMAL

ECONOMIES

OF SCALE

5

• Fokus pengembangan: tempat hunian

segmen menengah dan

menengah atas

yang memiliki lokasi strategis

• Memperkuat posisi proyek baru dengan menggunakan

branding yang sudah ada serta keunggulan kompetitif BLD

• Mempercepat proses pembangunan dengan melakukan

aliansi strategis

(Joint Operation dan Joint Venture)

• Meningkatkan penjualan dengan konsep Strata

• Menawarkan produk dan layanan yang berkualitas tinggi

• On time

delivery sesuai yang direncanakan

• Investasi properti dengan

yield yang tinggi

FOKUS

PENGEMBANGAN

PERCEPATAN

PENGEMBANGAN

EXCELLENT

PENGEMBANGAN

5

6

BAKRIELAND’S STRENGTHS

1. Menguasai hampir 1/3 pasar apartemen di CBD Jakarta 2. Luas pengembangan 53.5 Ha di CBD utama Jakarta 3. 16.3 Ha land bank di CBD utama Jakarta

4. Kapitalisasi saham per 15 Oktober 2010
Rp 9.4 triliun

5. Saham properti paling likuid di Bursa Efek Indonesia. Rata-rata nilai perdagangan harian selama 2009
Rp 66 miliar 6. CAGR penjualan dalam 5 tahun terakhir sebesar 43.5% dan akan terus berkembang

7. Net gearing (tidak termasuk ELB) yang rendah
54.7% dan DER 67.4% (30 Juni 2010) 8. Rumah, apartemen, kantor, hotel, ritel dan infrastruktur.

9. Jakarta, Bogor, Bali, Malang dan Lampung 10. Apartemen terbaik II di Jakarta, PSIP, 2007 11. Pengalaman > 20 tahun

12. Segmen menengah dan menengah ke atas

13. Superblock terlengkap di Jakarta, Indonesia Property & Bank Award, 2008 14. Limitless, anak perusahaan Dubai World dan Perumnas

15. Bakrie Group dan Avenue Capital Group

LARGEST

LARGEST

LARGEST

One of LARGEST

LARGEST

Jakarta CBD

Development

Land Bank

Market Cap.

Trading Value

Developer

(1)

Area in

in

of Property

of All Property

Jakarta CBD

(2)

Jakarta CBD

(3)

Stocks on IDX

(4)

Stocks on IDX

(5)

STRONG

SOLID

DIVERSIFIED

DIVERSIFIED

QUALITY

Revenue growth

(6)

Balance sheet

(7)

Portfolio

(8)

Locations

(9)

Products

(10)

GOOD

FOCUSED

COMPLETE

STRONG

STRONG

Track Record

(11)

Segment

(12)

Amenities

(13)

Partner

(14)

Shareholders

(15)

PEMEGANG SAHAM (>5%)

ALS

: Avenue Luxembourg SARL (Avenue Capital)

Danatama

: Reksadana Danamas

BCI

: PT Bakrie Capital Indonesia

PUBLIC

: Kepemilikan masing-masing < 5%

Sumber : BAE, 31 Agustus 2010

7

PUBLIC

62.57%

BCI

16.25%

Danatama

9.02%

ALS

12.16%

8

PROYEK CITY

PROPERTY

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

RASUNA EPICENTRUM

Project

9

A. BAKRIE TOWER B. LIFESTYLE CENTER C. MEDIA WALK D. THE GROVE C. E. GROVE SUITES F. THE CONVERGENCE I. G. OFFICE TOWER H. CONCERT HALL I. CONDOMINIUM J. CONDOMINIUM K. THE WAVE L. PASAR FESTIVAL

M. GOLD GYM ELITE R.

N. TAMAN RASUNA

APARTMENT

O. CONDOTEL

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

A

B

C

D

F

_G

H

I

J

L

M

N

O

K

E

17 thirty-storey condominium towers (4,294 units), fully developed, 100% sold out

Jointly developed with Limitless,

a Dubai World Subsidiary

The first and the largest superblock

At 2010 Indonesia Property & Bank Award

Development area

53.5 Ha

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

RASUNA EPICENTRUM – LAND STATUS

Project

10

0.5

4.7

12.5

1.2

2.5

2.5

1.6

3.3

8.0

1.0

1.5

3.5

0.6

0.5

0.9

(Ha)

Infrastructure

8.7

=

8.7

Public & social facilities

3.5

=

3.5

Already developed

8.0

+

12.5

+

1.0

+

0.9

=

22.4

Being developed

1.5

+

0.6

+

0.5

=

2.6

Estimated land bank

1.6

+

0.5

+

1.2

+

4.7

+

2.5

+

2.5

+

3.3

=

16.3

THE GROVE

CONDOMINIUM

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

Project

THE WAVE

CONDOMINIUM

• 2 menara apartment untuk segmen menengah keatas sejumlah 438 unit • Rata-rata ukuran luas per unit

2 kamar tidur
85 sqm • Perkiraan penyelesaian di 4Q11 • 50% pre sold

• Kemajuan konstruksi
51%

• 10 menara kondominium untuk segmen menengah sejumlah 2,797 unit

• Rata-rata ukuran luas per unit 1 kamar tidur
40 sqm 2 kamar tidur
60 sqm • Perkiraan penyelesaian di 1Q12

(Tahap 1A, 3 menara)

• 36% pre sold (3 menara, 861 unit) • Hotel berbintang 5 dengan memiliki 151

unit

• Rata-rata ukuran luas per unit 1 kamar tidur
63 sqm • Perkiraan penyelesaian di 2Q11 • 37% pre sold • Kemajuan konstruksi
54%

11

THE GROVE

SUITES

EPICENTRUM XXI

LIFESTYLE

CENTER

• Gedung perkantoran tertinggi di Jakarta

• Gedung kantor grade A dengan luas

useable area 65,552 sqm

• Mulai beroperasi di bulan Mei 2010 • 92% take up rate (54% terjual dan

38% untuk disewakan)

• Pusat hiburan dan menara kantor • 28,123 sqm useable area • Soft opening di bulan Maret 2010. • Penyewa
Farmers market,

Starbucks, Flagship Store, Kafe & Restoran, Bank (BNI, BCA) dsb

BAKRIE TOWER

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

Investment

• Sinema dengan konsep unik red

carpet dan terletak di gedung

tersendiri

• Kapasitas
300 kursi and 500 kursi (sinema terbesar dalam kapasitas kursi di Jakarta)

• Dilengkapi dengan area lounge

13

PROYEK LANDED

RESIDENTIAL

BOGOR NIRWANA

RESIDENCE

R E S I D E N T I A L D E V E L O P M E N T

Project

•

Proyek perumahan yang akan

mengembangkan lahan lebih dari 1,000

Ha di Kota Bogor dalam berbagai tipe

rumah

•

Fasilitas pendukung yang telah tersedia:

taman air dan kawasan ritel

•

Fasilitas pendukung yang akan

dikembangkan: lapangan golf

•

Lebih dari 2,300 unit telah terjual

14

Jabotabek market share in 2009

Source: PT Procon Indonesia, April 2010

Tangerang 31.5%

Bogor 31.1%

Bekasi 24.7%

Jakarta 12.7%

BOGOR NIRWANA

RESIDENCE

R E S I D E N T I A L D E V E L O P M E N T

Asset & Project

15

Orchard Walk

The Jungle Mall

Aston Hotel Bogor

The Jungle

Nirwana Epicentrum

RETAIL SPACE

10,591 sqm leasable area

STRATA RETAIL SPACE 15,371 sqm saleable area

4-STAR STRATA HOTEL

124 units (84 units for sale + 40 units will be retained)

EDUTAINMENT WATER PARK 2.3 Ha, 4D cinema, giant aquarium, bird park, dry park & etc

16

PROYEK

HOTEL & RESORT

PULLMAN BALI

LEGIAN NIRWANA

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

Project

17

Kemajuan konstruksi

95%

LIFETIME INVESTMENT

HOTEL

HARD ROCK

HOTEL - BALI

KUTA

BEACH

PULLMAN BALI

LEGIAN NIRWANA

Seminyak

Jimbaran

Bali island

•

Strata hotel pertama di Kuta-Bali

•

Dikelola oleh Accor International

•

Hotel berbintang lima dengan 360

unit yang dibangun di atas lahan

2,4 ha. (280 unit untuk dijual dan

80 unit akan dijadikan recurring

income asset)

•

Mulai beroperasi 4Q10

NIRWANA BALI

RESORT

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

Asset

•

Resort terintegrasi pertama di Bali seluas 103

Ha yang berlokasi di Tanah Lot, Tabanan

•

Mulai beroperasi di tahun 1997

•

Resort berbintang 5 yang dikelola oleh Pan

Pacific yang terdiri atas 278 kamar hotel, Golf

course 18-hole yang didesain oleh Greg

Norman, dan komplek hunian yang ekslusif

•

Indonesia’s Leading Golf Resort dari World

Travel Awards 2009 dan Asia’s Best Golf

Resort dari Asian Golf Monthly Awards

18

RESORT

`

TANAH LOT TEMPLE

NIRWANA BALI

RESORT

Bali island

19

PROYEK

INFRASTRUKTUR

TOLL ROAD

PROJECTS

20

I N F R A S T R U C T U R E P R O J E C T

Jakarta Merak Kanci Palimanan Pejagan Cikampek Semarang Tangerang Pemalang Batang Solo Surabaya Probolinggo Banyuwangi Kertosono

Trans Java toll road network

Mojokerto Gempol

Pasuruan

Completed (by other companies)

Sections Length (km) Daily traffic Merak-Tangerang 73 Tangerang-Jakarta 28 317,443 Jakarta-Cikampek 72 337,671 Jakarta-Ciawi 46 316,410 Ciawi-Sukabumi 54 Cikampek-Palimanan 116 Palimanan-Kanci 29 40,106 Kanci-Pejagan 35 Pejagan-Pemalang 58 Pemalang-Batang 35 Batang-Semarang 75 Semarang-Solo 76 Solo-Kertosono 177 Kertosono-Mojokerto 41 Mojokerto-Surabaya 37 Surabaya-Gempol 40 155,583 Gempol-Pasuruan 32 Pasuruan-Probolinggo 45 Probolinggo-Banyuwangi 170 Ciawi Sukabumi

Completed (by Bakrieland)

Under Bakrieland assessment

Under tender process or owned by others

Land area
225 Ha

Ciranjang Bandung Trans-Asia Highway network

links 32 countries by road along 141,000km

Source: http://www.bpjt.net – http://www.jasamarga.com

Cirebon

Land area Population (sq. km.) (mn) Java 132,186 128 Indonesia 1,890,000 228 Ratio 7% 56%

21

KINERJA

KEUANGAN

22

KINERJA KEUANGAN

Revenues (Rp miliar)

5-year CAGR : 43.5%

2010 target

1,310

174

320

393

782

1,054

1,059

0

200

400

600

800

1,000

1,200

2004

2005

2006

2007

2008

2009

1H10

1H09

% Change

Revenues

537.5

368.8

45.8

Gross profit

245.6

180.1

36.4

Operating profit

81.3

64.0

27.1

EBITDA

116.1

82.1

41.4

Net profit

63.0

56.9

10.7

REVENUE BREAKDOWN

23

Office (strata), 13% Service Managem ent,

7%

Apartment, 3% Hotel & Resort, 6%

Hotel (s trata), 16%

Hous ing, 39% Toll road, 0%

Office (rent), 2% Retail & Sport Area,

4% Edutainment Water Park, 9% Office (strata), 19% Service Management, 5% Apartm ent, 12% Hotel & Res ort, 10%

Hotel (s trata), 16%

Housing, 28% Toll road, 0%

Office (rent), 2% Retail & Sport Area,

4%

Edutainment Water Park, 5%

Edutainment Water Park, 9%

Retail & Sport Area, 3%

Off ice (rent), 1% Toll road, 5% Housing, 11%

Hotel (strata), 21% Hotel & Resort, 15%

Apartment, 16% Service Management, 2% Office (strata), 18%

1H09

FY2009

1H10

24

PENJUALAN KUARTALAN

0

50

100

150

200

250

300

350

400

450

1

Q

0

5

2

Q

0

5

3

Q

0

5

4

Q

0

5

1

Q

0

6

2

Q

0

6

3

Q

0

6

4

Q

0

6

1

Q

0

7

2

Q

0

7

3

Q

0

7

4

Q

0

7

1

Q

0

8

2

Q

0

8

3

Q

0

8

4

Q

0

8

1

Q

0

9

2

Q

0

9

3

Q

0

9

4

Q

0

9

1

Q

1

0

2

Q

1

0

IDR bn

₂₀₀₅

₂₀₀₆

2007

2008

2009

2010

LAND BANK

25

Sep-10

Sep-10

Dec-06

Location

Land

Development

Additional

Development

(Ha)

Bank

Area

Area

City Property

Rasuna Epicentrum

CBD Jakarta

16.3

53.5

8.8

44.7

Sentra Timur Residence

East Jakarta

1.6

3.2

3.2

-Landed Residential

Bogor Nirwana Residence

Bogor

673.9

814.4

714.4

100.0

Ijen Nirwana Residence

Malang

12.0

22.4

22.4

Batam Nirwana Residence

Batam

25.8

40.0

40.0

Graha Taman Sukabumi

Sukabumi

2.4

5.1

-

5.1

Hotel & Resort

Krakatoa Nirwana Resort

Lampung

99.8

103.2

30.5

72.8

Balikpapan Nirwana S. & R.

Balikpapan

3.2

3.3

3.3

Ubud Nirwana Villas

Ubud

4.2

4.2

4.2

Pullman Bali Legian Nirwana

Kuta

-

2.4

-

2.4

Nirwana Bali Resort

Tabanan

17.0

103.0

-

103.0

-PT . BAKRIELAND DEVELOPMENT TBK

Terima Kasih

INVESTOR RELATIONS

Nuzirman Nurdin (Corporate Secretary)

Maratua Melano (Investor Relation)

Iskandar M. Nasution (Investor Relation)

Wisma Bakrie 1, 6

th

_Floor

Jl. HR Rasuna Said Kav. B-1

Jakarta 12920

Tel +62 21 525 7835

Fax +62 21 522 5063

Investor-relations@bakrieland.com

http://www.bakrieland .com

Disclaimer: This presentation is for information purposes only and may contain

forward-looking statements that involve risks and uncertainties. Many of which

are difficult to predict and are generally beyond the control of the company.

Such risks and uncertainties could cause actual results and developments to

differ materially from those expressed in or implied in these statements.

Considerable care has been taken in preparing information which is contained

in this presentation. However, PT Bakrieland Development Tbk is unable to

provide any warranty concerning the accuracy or completeness of any

information contained herein.

LAMPIRAN

28

NERACA

As of

2006

2007

2008

2009

1H10

Cash & cash equivalents

33

1,043

740

760

591

Fixed assets

638

701

952

4,616

5,099

Inventories and land banks

1,328

3,007

4,373

3,671

4,065

Other assets

397

957

2,269

2,546

2,254

Total assets

2,396

5,708

8,335

11,593

12,010

Interest bearing liabilities*

73

298

1,121

3,062

3,147

Equity linked bond

-

-

-

-

1,145

Other liabilities

963

1,210

2,013

2,732

2,138

Minority interest

40

67

694

1,156

911

Equity

1,319

4,133

4,508

4,643

4,670

Total liabilities & Equity

2,396

5,708

8,335

11,593

12,010

Rp miliar

29

RASIO KEUANGAN

1.

Marketing sales were not 100% recognized as revenue

2.

All assets were recorded at cost, not marked to market

3.

Third right issue of IDR 2.8 trillion in 2007

* Excluding ELB

2006

2007

2008

2009

1H10

Revenue

393.2

782.1

1,053.8

1,059.0

537.5

Gross profit

167.2

321.1

510.8

498.1

245.6

Gros s margin

42.5%

41.1%

48.5%

47.0%

45.7%

Operating profit

72.2

170.5

226.0

166.8

81.3

Operating margin

18.4%

21.8%

21.4%

15.7%

15.1%

EBITDA

83.2

190.7

266.8

230.3

116.1

EBITDA margin

21.2%

24.4%

25.3%

21.7%

21.6%

Net profit

67.6

134.2

272.1

132.3

63.0

Net margin

17.2%

17.2%

25.8%

12.5%

11.7%

ROA (annualized)

2.8%

2.4%

3.3%

1.5%

1.0%

ROE (annualized)

5.1%

3.2%

6.0%

3.8%

2.7%

Debt to Equity *

5.5%

7.2%

24.9%

66.0%

67.4%

Net Gearing *

3.1%

-18.0%

8.4%

49.6%

54.7%

EBITDA/share

14.9

9.7

13.4

11.6

5.8

EPS

12.1

6.8

13.7

6.6

3.2

BAKRIELAND’S RECURRING INCOME ASSETS

APPENDIX 1, BAKRIELAND

Bakrie Tower *

Aston Hotel Bogor *

Wisma Bakrie 2

Lifestyle Center *

Pullman Bali Legian Nirwana *

Wisma Bakrie 1

Jungle Edutainment Park

Nirwana Bali Resort

Aston Rasuna Hotel *

Jungle Mall

Kanci-Pejagan Toll Road

Pasar Festival

TRACK RECORD PENGEMBANGAN

APPENDIX 1, BAKRIELAND

GFA LAND

(IDR-bn) (USD-mn) * (sqm) (HA) 84 85 TO 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09

OFFICE BUILDING

Wisma Bakrie 1 45 23 14,206 0.4 Wisma Bakrie 2 142 54 33,139 0.4 Wisma Bakrie BLD 7 3 3,264 0.2 Graha Kapital 10 4 3,411 0.3 MIXED USE DEVELOPMENT

Taman Rasuna Apartment 1,500 636 485,972 3.5 The 18th Residence 172 19 56,044 0.5 Klub Rasuna 24 11 6,244 2.3 Pasar Festival/GMSB 51 23 52,405 3.4 Nyi Ageng Serang - MPH 33 15 18,000 1.6 HOUSE

Bogor Nirwana Residence 1 50 10 80,845 30

Bogor Nirwana Residence 2 538 57 117,268 70

Graha Taman Kebayoran 43 5 32,143 14

Graha Taman Elang 37 17 22,852 13

HOTEL & RESORT Bali Nirwana Resort 254 106 56,567 103

Krakatoa Nirwana Resort 125 13 10,296 75

Intan legian Hotel - Bali 39 17 7,912 2.4 Quality Hotel - Yogyakarta 40 18 13,844 1.7 Quality Hotel - Jakarta 13 6 2,100 0.6 TOLL ROAD Kanci Pejagan 2,200 232 N/A 225

TOTAL

5,323

1,268

1,016,512

547

* US$ at the time of development

PROJECTS

EST. DEV. COST CONSTRUCTION PERIOD