PT SUMMARECON AGUNG Tbk

  PT SUM M ARECON AGUN G Tbk

  35 ‐40

  8. Summarecon Bekasi

  18 ‐19

  9. Summarecon Bandung

  20 ‐22

  10. Investment  Properties

  23 ‐33

  11. Corporate  Structure

  34

  12.1 Income  Statement : Consolidated Results

  12.2 Key  Financial Indicators

  11 ‐12

  41

  12.3 Debt  Borrowings 

  42

  12.4 Land  Bank 

  43

  12.5 Capital  Investments

  44

  13. Net  Asset Value

  45

  14. Summarecon’s  Competitiveness

  7. Summarecon  Serpong 13 ‐17

  6. Summarecon  Kelapa Gading

  1 A Com pa n y Pr e se n t a t ion Ja n u a r y 2 0 1 6

  19. Disclaimer

  Contents Slide   No.

  15. Outlook

  48

  16. Moving  Forward

  49

  17. Consistent  Value to Shareholders

  50

  18. Contact  us

  51

  52

  10

  20. Appendix  : Product Specifications

  53 ‐57 Slide   No.

  1. Plans  for 2015 3 ‐4

  2. Corporate  Information

  5

  3. Management

  6 ‐8

  4. Principal  Activities

  9

  5. Township  Locations

  46 ‐47 HO  : Plaza Summarecon

  Plans  for 2016 : Property Development

  2016  Target Product Segment [IDR’Bn] 1) 2016  Marketing Sales target = Rp 4.5Tr   2) Sales  from Kelapa Gading, Bekasi, Serpong & Bandung

  Σ 4.5 Σ 4.6 Σ 4.3

  IDR’  Tr  23%  3%  5%

  Σ 3.7  4%

  SBD UNIT  SALES SSP Σ 5,063 Σ 4,412 Σ 3,650 SBK

SBD SKG

  SSP Σ 983 SBK SKG

  3 Plans  for 2016 : Investment Property

  Construction  in Progress. Preparing for future recurring earnings

  [To 1) Movenpick Resort  & Spa, Jimbaran, Bali   Open in 2016‐Q2]

  Corporate  Information

   tr (~USD 4.3bn) Rp 4,175

  Board  of Commissioners (4 Members) ESTHER MELYANI HOMAN (55) Independent Commissioner

  Employees :   ~ 4,500

   of Shareholders 5,154

  ~  50 % : No.

  : Public  – Foreign

  ~  14 %

  : Public  – Local

  ~  36%

  : Founders  & Associates

  Shareholder  Profile @ 31 Dec 2015

   (Market/Replacement Cost) : Rp 60.2

  5 Incorporation

  Rp 176 NAV

  : Rp 2.5  tr (~USD 186mn)

  Net  Book Value 

  : Rp 23.8  tr (~USD 1.7bn) Rp 1,650

  Total  Value Rupiah  per share Market  Capitalization @ 31 Dec 2015

  : Total  Paid‐up                =     Rp 1.44 tr (~USD 125 mn)

  : Total  Shares in Issue   =     14,426,781,680  @ Rp 100/share

  Share  Capital @ 31 Dec 2015

  IPO  Date  :  7 May 1990                   Ticker  :    SMRA.IJ

   Date : 26 Nov 1975

  IR. SOETJIPTO NAGARIA (74) Founder of the Company EDI DARNADI (64) Independent Commissioner HARTO DJOJO NAGARIA (67) Commissioner

  7 Board  of Directors [8 members] 

  [Pg 1] LILIAWATI  RAHARDJO (66) Managing  Director Appointed  Director in June  2002.  Was a Commissioner from  1992  to 1997, and then the  President  Commissioner  from  1997  to 2001. SOEGIANTO  NAGARIA  (42) Director  – Investment  Property Appointed  Director in June      2006.  Since joining the  Company  in 1997, he has  served  in various     managerial  positions in  business  development, club  management  and  retail  leasing   HERMAN  NAGARIA   (39) Director  – Property  Development Appointed  Director in June  2006.  Previously served as  Assistant  Director in    Business  Development  from 2003, and  has  worked in various  managerial  positions since  joining  the Company   in 1999. ADRIANTO  PITOYO ADHI (56) President  Director Appointed  President Director in   June  2015. Was a Director from  2013  to 2015. Joined in the  Company  as Executive Director  (operations  director) in 2005.   Joined  PT Metropolitan Land in  1997  as General Manager., then  promoted  to Director from 2002.  Board  of Directors [8 members] 

  [Pg 2] LILIES  YAMIN  (61) Director  – Technical  & Planning Appointed  Director in June  2006.  Previously served as  Technical  Assistant Director from  2003.  Joined the Company in  1981.  She has worked as an  architect  in numerous  companies  since 1976 SHARIF  BENYAMIN  (55) Director  – Serpong Appointed  Director in June  2013.  Joined the Company as  Executive  Director  (operations  director)  for Serpong in 2005.  In  2009 assigned to manage  new  development projects. YONG  KING CHING, MICHAEL (56) Director  ‐ Finance,                       Corporate  Secretary Appointed  Director in May 2010.  Joined  in 1994 as Company Secretary 

till

 1998, and returned to Company in 

  2006.  Worked in PwC 1979 – 1988,     

Ernst

 & Whinney London 1988 – 1990,  

  Bank  Dharmala 1990 – 1994, and  Hexagon  Malaysia in 2000 as FC, then  as  FD in 2001 LEXY  ARIE TUMIWA (66) Director  ‐ Corporate Services Appointed  Director in June  1993.  Previously served as  Assistant  Director in corporate  and  operational functions.  Joined  Company in 1987

  Principal  Activities

   > 4,000  retail neighbourhood shoplots, 

  Residential Commercial  Retail

  (supplemental  facilities with recurring  revenues)

   Leisure  & Hospitality

  (for  recurring revenues), and

   Investment  Property

  (for  sales revenues),

   Property  Development

  3  Principal Business Segments

  

   facilities

   Recreational

   mall complexes totaling over 300,000 sqm of GFA, 

   Retail

   > 53,000  residences (house and apartment)

  9  Development

   area totaling ~ 2,000 hectares with 

   Development

   the most efficient use of land

  Town  planning and management of land development in each locality  for

  

   services and infrastructure such as security arrangements,  electricity,  water, sewerage, roads

   General

   public and social facilities such as schools, hospitals,  places  of worship, parks

   Recreational,

   strips and large retail mall complexes 

   Commercial

  integrated  with:

  residential  townships

   of 

  Leisure Project  Locations [Current and Future Developments]

  

 

Date Project  Balance

  Units Sale  Value Units Sale  Value

   Pop!

   Hotel Kelapa Gading

   Klub Kelapa Gading  Summerville

   Apartments

   Plaza

   Summarecon (Head Office)

   Menara Satu (Office) Kensington Summarecon  Kelapa Gading : Current & Future Projects

  Sherwood  Apartments

  Kensington  Apartments Units Sale  Value

  Rp'Bn Rp'Bn Rp'Bn Kensington  Commercial Commmercial 2013 Mar/13 Sep/14

   Harris

  41 569 100% Kensington  Apartments [Tower A‐C] Residential 2014 Sep/14 Sep/17 453 1,440 197 608 58%

  Kensington  Apartments [Tower D] Residential 2015 Apr/15 Oct/18 199 450 156 352 22% Kensington

   Office Office 2017 Jun/17 Jun/20 36 540 36 540 0% Summit

   Apartment 2 Residential 2017 Feb/17 Feb/20 360 1,260 360 1,260 0% TOTAL

  1,089 4,259 749 2,760 35% Estimated  Development Values Cluster  Name

  % Sold Product  Type

  Launch   Year 1st  Launch 

  Date Project  Total

  Sold  in FY2016 Complete

   Hotel Kelapa Gading

   Kelapa Gading

  SUMMARECON  KELAPA GADING

  Development  period ~ 5 years

  11 

  Started  in 1976

  

  Acreage  = Original 500 ha.  Now 550 ha

  

  Area  already developed =542 ha (97%)

  

  Available  landbank to develop = 8 ha

  

   Already  developed/constructing

   Sentra

  :

   >

   30,000 residential houses

   >

   2,100 shoplots

   >

   2,850 apartment units

   Investment  Properties

  :

•  Development plan and  values are subject to change according to the prevailing market conditions

  2014  Edison

   Digital Centre @ Serpong

  Scientia Garden  150

   ha residential & commercial development 

   Remaining

   80 ha for future development

   Development

   period  =  10 years from 2008 to  2017

   Already  sold 26% of project GDV

   includes investment properties :‐

   Summarecon

   Scientia Square

   St  Carolus Hospital Serpong [CSR Facility]

   Park

   Scientia Business

   Park 

  10  Ha Investment  Properties

  Universitas Multimedia   Nusantara

  2010  Pascal 2010  Darwin 2011

   Scientia 2009  Dalton 2008  Newton

  2012  Aristoteles 2013  Volta

  Scientia Business   Park

  2013  Maxwell 2014  Faraday

  Summarecon  Serpong : Current & Future Projects 

   Summarecon Digital  Centre @ Serpong

  SUMMARECON  SERPONG

   period ~ 10 years

  13  Started

   in 1993

   Acreage

   = 780 ha (our portion)

   Area

   already developed =250 ha (32%)

   Available

   landbank to develop = 530 ha

   Development

   Already  developed/constructing :

   Mal Serpong

   >

   11,000 residential houses

   >

   2,000 neighbourhood shoplots

   >

   1,800 residential landplots

   >

   1,100 apartment units

   Investment  Properties :

   Summarecon

• Concept

  Complete   Date

  Residential  ‐ 5 clusters [TBA] Residential Jan/14 Jan/14 720 4,035 720 4,035 0% Commercial

  87

  13 75 14% R3  Pelican  Residential 2013 Jul/13 Jan/15 169 589 100%

  R3A  Flamingo [1] Residential 2014 Jun/14 Dec/15 170 415 (0) 100% R3A

   Flamingo [2] Residential 2017 Mar/17 Sep/18 285 820 285 820 0% R12  Rainbow Springs 9 towers (B1‐B6,G1‐G3) Residential

  2015 Nov/15 Nov/17 180 255

  29 41 84% R12  Rainbow Springs 23 towers   Residential 2016 Oct/16 Oct/18 460 684 460 684 0%

   ‐ 3 Blocks [TBA] Commmercial Jan/14 Jan/14 336 1,706 336 1,706 0% TOTAL

  Rp'Bn Rp'Bn Rp'Bn R8  Goldfinch [Ext] Residential 2015 Mar/15 Mar/17

  2,335 8,591 1,843 7,361 14% Launch  

  Date Estimated  Development Values

  Project  Total Product  Type

  % Sold Sold  in FY2016

  Launch   Year

  Project  Balance Cluster  Name

  15

  Units Sale  Value Units Sale  Value

  Summarecon  Serpong : Current & Future Projects :  

  Summarecon  Serpong : Current & Future Projects :  The  Springs

  Scientia  Garden

  15 ^*  Development plan and  values are subject to change according to the prevailing market conditions ^{Units Sale}  Value ^{Units Sale}  Value ^{Units Sale}  Value _{Rp'Bn Rp'Bn Rp'Bn Volta}  Residence ^{Residential 2013 Mar/13 Sep/14 168 360 100%} _Darwin  Commercial ^{Commmercial 2013 Apr/13 Oct/14 89 310 100%} _Darwin  Commercial [Ext.] ^{Commmercial 2013 Apr/13 Oct/14} _Maxwell ^{2 9 100%}  Residence  ^{Residential 2013 Oct/13 Jun/15 92 245 100%} _Maxwell  Residence [Ext.] ^{Residential 2015 Mar/15 Mar/17 25 77} _Faraday ^{15 46 40%}  Residence ^{Residential 2014 Mar/14 Sep/15 384 683 100%} _Edison  Residence ^{Residential 2014 May/14 Nov/15 196 370 100%} _Alloggio  Residence ^{Residential 2015 Jun/15 Jun/17 263 432 100%} _Alloggio  Residence [Ext.] ^{Residential 2016 Mar/16 Mar/18 102 148 102 148 0%} _House  #C1 ^{Residential 2016 May/16 May/18 429 396 429 396} _House  #C2 ^{Residential 2016 Jun/16 Jun/18 272 295 272 295} _House  #C3 ^{Residential 2016 Sep/16 Sep/18 204 228 204 228} _Ruko  Alloggio ^{Commmercial 2016 Mar/16 Mar/18 50 107 50 107} _Houses  ‐ 5 Clusters [TBA] ^{Residential Jan/14 Jul/15 1,863 7,097 1,863 7,097 0%} _Apartment  ‐ 10 Towers [TBA] ^{Residential 2,600 1,932 2,600 1,932} _Apartment  Shoplots ‐ 10 Towers [TBA] ^{Commmercial 120 628 120 628} _Commercial  Shoplots ‐ 4 Blocks [TBA] ^{Commmercial 147 676 147 676} _Commercial  Land ‐ 5 Blocks [TBA] ^{Commmercial Jan/14 Jul/15 31 608 26 548 10%} _{TOTAL 7,037 14,602 5,828 12,102 17%} ^Launch   _Year ^% _{Sold Cluster}  Name ^Launch   _Date ^Project  Balance _Product  Type ^Complete

 

_Date ^Estimated

   Development Values _Project  Total ^Sold  in FY2016

• *

   Development plan and values are subject to change according to the prevailing market conditions

   Development

    50 ha for future development

    _{Rainbow   Springs} Units Sale  Value

   ha residential development 

   100

   The  Springs

   period =  7 years from 2010 to  2017

   Sold

   26% of project GDV ²⁰¹⁰

    _Canary ^{2010   Grisea 2011   Scarlet} _{2011   Starling 2012   Goldfinch} ²⁰¹³   _Pelican ²⁰¹⁴   _Flamingo ²⁰¹⁵

   Available

  Summarecon Serpong : Serpong Midtown _{Estimated  Development Values}  Current & Future Projects :  _{Project Sold Project Launch Launch Complete}  Total  in FY2016  Balance _{% Cluster  Name Product  Type Year Date Date Units Sale Units Sale Units Sale Sold}      

_{Midtown Residential 2014 Nov/14 May/18 2,196 1,235 100%}

_{Rp'Bn Rp'Bn Rp'Bn}  Value  Value  Value

_{Midtown Residential 2017 Mar/17 Sep/20 279 394 279 394 0%}

_{Midtown  Residence [Tower C,D] Residential 2015 May/15 Nov/18 1,118 742 393 261 65%}

_{Midtown  Signature [Tower G,H] Residential 2014 Nov/14 May/18 558 667 100%}

 Residence [Tower A,B,E,F]

_{Midtown  Signature [Tower J] Residential 2015 May/15 Nov/18 279 362 131 161 55%}

_{Midtown  Office Commmercial 2016 Oct/16 Apr/20 TOTAL}  Signature [Tower I] _{4,450 3,630 823 1,046 71% 20 230 20 230 0%} ^*  Development plan and values are subject to change according to the prevailing market conditions

  Serpong Midtown



   6  towers of Midtown Residence , 4 towers of 

  6 ha  of Superblock development, consisting of :

  Midtown  Signature and 3 Commercial buildings  

   Located

   right across Summarecon Mal Serpong

  17 SUMMARECON  BEKASI

  Development

    started in March 2010.  

  Available

    landbank = 400 ha

  Development

    Period >10 years SpringLake st

  Already phase   developed/constructing  (1  260 ha) :

  Residences  >

   1,700 residential houses

   >

   300 neighbourhood shoplots

   >

   3,000 apartment units Sold

    7 % of Projected Total  Investment  Properties :

  Summarecon  Mal Bekasi;                          

   Planned  GFA 160,000 m2.

  Phase  1 with GFA 80,000 m2  and

   NLA 51,000 m2 opened  in  June 2013

   Plaza

   Summarecon Bekasi  (Bekasi

   Office) opened in  March

   2015

  Summarecon  Bekasi : Current & Future Projects (for 1 st

  240  ha)

  19 ^*  Development plan and values are subject to change according to the prevailing market conditions ^{Units Sale}

   Value ^{Units Sale}  Value ^{Units Sale}  Value _{Rp'Bn Rp'Bn Rp'Bn R4}  Veronia ^{Residential 2013 Apr/13 Oct/14 193 530 100%} _S1  Graha Bulevar Bekasi ^{Commmercial 2013 Jul/13 Jan/15 27 237 100%} _S2  Topaz Commercial ^{Commmercial 2013 Jul/13 Jan/15 37 213 100%} _SpringLake  Apartments (Tower A‐C) ^{Residential 2014 Apr/14 Apr/17 2,334 1,000 100%} _SpringLake  Apartments (Tower D) ^{Residential 2014 Jul/14 Jul/17 778 467 236 107 77%} _SpringLake  View Apartments (Tower E) ^{Residential 2015 Aug/15 Feb/19 856 390 431 204 48%} _SpringLake  View Apartments (Tower F) ^{Residential 2016 Feb/16 Aug/19 743 382 743 382 0%} _SpringLake  View Apartments (Tower G‐H) ^{Residential 2017 Feb/17 Aug/20 1,213 823 1,213 823 0%} _Primerose  Condovillas 3 towers (GA,GB,GC) ^{Residential 2015 Oct/15 Apr/19 96 134} _Primerose ^{68 95 29%}  Condovillas 4 towers (GD‐GG) ^{Residential 2016 Sep/16 Mar/20 98 156 98 156 0%} _Primerose  Condovillas 9 towers (GH‐GP) ^{Residential 2017 Mar/17 Sep/20 324 555 324 555 0%} _Apartments  ‐ 100 Towers [TBA] ^{Residential Jan/14 26,670 41,221 26,670 41,221 0%} _Commercial  [TBA] ^{Commmercial Jan/14 158 1,766 158 1,766 0%} _{TOTAL 33,527 47,874 29,941 45,309 5%} ^Cluster  Name ^Launch   _Date ^Sold  in FY2016 ^Project  Balance ^Launch   _{Year Product}  Type ^Estimated  Development Values _Complete

    _Date ^% _Sold ^Project  Total SUMMARECON  BANDUNG  Summarecon Bandung  City is strategically located on the  east  side of Bandung City, with direct access :

• Soekarno Hatta Street,  the largest street in Bandung City
• Padalarang ‐Cileunyi (Padaleunyi) toll gate KM 149, which  is  directly located in Summarecon Bandung
• Planned  Gedebage Train Route and Station
• Planned  Bandung and Greater Bandung Monorail Route  with  Gedebage station
• Planned  Jakarta‐Bandung High Speed Train Track with  Gedebage Station
• Planned  integrated station

  SUMMARECON  BANDUNG  st st 1 product November

    launch on 21  2015 Current

    available landbank = 330 ha  Development

    period ~ 10 years  Planned  Property Developments :

• 2,700  residential houses
• 15,000  apartments
• 1,500  shoplots
• 5,000  commercial lots

   Planned  Investment Properties :

• Summarecon Mal  Bandung; GFA  360,000 m2, NLA 160,000 m2
• Summarecon Bandung  Hotel; Total  550 rooms
• Plaza  Summarecon Bandung (Bandung  Office)  
_st

  1 product launch _st on 21 Nov 2015

  21 Summarecon Bandung _Estimated  : Current and Future Projects   Development Values _{Launch 1st Complete Project Sold Project %}

       Total  in FY2016  Balance _{Cluster Product}  Launch   Name  Type _{Year Date Date Units Sale Units Sale Units Sale Sold}

_{Btari Residential 2015 Nov/15 Nov/17 139 355 100%}

_{Btari Residential 2016 Mar/16 Mar/18 107 262 107 262 0%}

_{Amanda Residential 2015 Nov/15 Nov/17 261 446 100%}

_{Rp'Bn Rp'Bn Rp'Bn}  Value  Value  Value

_{House Residential 2016 Jun/16 Jun/18 221 381 221 381 0%}

 (Extension) _{Office Commmercial 2016 Oct/16 Oct/18 200 522 200 522}  C

_{Houses Residential Dec/19 Dec/22 1,757 5,203 1,757 5,203 0%}

 Park

_{Apartments Residential 28,446 41,771 28,446 41,771 0%}

 8 clusters (TBA)

_{Commercial Commmercial Jun/20 Jun/23 1,001 4,141 1,001 4,141 0%}

 65 towers (TBA) _TOTAL  (TBA) _{32,132 53,081 31,732 52,280 2%} ^*  Development plan and values are subject to change according to the prevailing market conditions

  [Pg

  INVESTMENT  1]  PROPERTIES 

  PROPERTIES  IN SUMMARECON KELAPA GADING [SKG]  OTHER

  SENTRA  PROPERTIES   KELAPA GADING

   

  Plaza Mal

   Summarecon [Head office]  Kelapa Gading, La Piazza,  and Gading 

  Food  City

   Menara Satu [office]

   (GFA  200,000 m2, NLA 132,000 m2) The

   Orchard Junction [Retail with Giant 

  Supermarket  as anchor tenant]  Harris

   Hotel Kelapa Gading

   Summerville  Apartments [serviced 

   Pop!  Hotel Kelapa Gading

  residential]

   Klub Kelapa  Gading [recreational club]

   Pertamina Petrol

   Station @ Grand Orchard

  Harris Mal  Hotel Kelapa Gading  Kelapa Gading

  La  Piazza life‐style center Gading  Food City

  23 [Pg

  INVESTMENT  2]

   PROPERTIES  PROPERTIES PROPERTIES  IN SUMMARECON BEKASI [SBK]  IN SUMMARECON SERPONG [SSP]

   SENTRA  SENTRA

   SUMMARECON BEKASI  GADING SERPONG

   Summarecon Summarecon

   Mal Serpong, Salsa Food City and    Mal Bekasi

  Sinpasa

   Sinpasa Commercial

  (GFA  193,500 m2, NLA 82,000 m2)

  Bekasi  Food City 

    OTHER  PROPERTIES

  La  Terrazza F&B retail opened in Nov 2015

    Summarecon Serpong [SSP office]

   Plaza

   OTHER  PROPERTIES

   The

   Springs Club

   Plaza  Summarecon Bekasi

   SDC

   @ Serpong

   Harris

   Hotel Bekasi

   Scientia Square

   Park 

   Scientia Business

   Park  _{Summarecon Mal Bekasi}

  Mal  Kelapa Gading

   Developed

   over 4 phases from 1990

  2 Tenancy %

  GFA 150,000 modern

   Mix (by leasable area)   m  suburban shopping mall with 

  4,500  carpark bays for today’s lifestyle society

  Anchor  (Department Store, Home  36%

  2 Hardware  and Supermarket)

  NLA with

  

   112,000 m  > 98% occupancy Tenants

  Food  & Beverage 16%   : ~ 600  Revenues

   :    Fashion  & Lifestyle 22%

   Average

   Rent : Rp 211,000 /m2/mth

  Entertainment 10%

   2

  Service /mth  Charge : Rp 112,000 /m

  Services  & Others 16%

  Visitor

    traffic in 2015 = 38 mn pax & 6.5 mn cars . 

  Average  Lease Term of Tenants > 40%  3 Years

  3 45%  Years < 15%  3 Years

  25 Mal  Kelapa Gading, La Piazza

   LA

  Mal

   PIAZZA

   Kelapa Gading Major Tenants

  2  Anchor

  



 Sogo,

  4

   Tenants :  flrs , GFA 33,000 m2, NLA 12,000 m

   Farmers Market, Star Dept Store,  Occupancy  : 97%

  Best  Denki , Pong’s Do‐It‐Best

   Lifestyle

   centre that hosts live entertainment and 

   Fashion :

   The Catwalk (featuring  events.

   Brings in the visitors / customers for the mall Indonesian

   designers), and major 

   Revenues  :

  international  brands (Pull & Bear, Levis, 

  2 Average /mth −  Rent : Rp 147,000 /m

  LaSenza,  Esprit, Giordano, Guess, Marks 

  2

  &  Spencer, Mothercare, Nautica, Next,  Service /mth

  −  Charge : Rp 50,000 /m

  Nike,  Adidas, Puma, Fila, Zara, Uniqlo)

  Entertainment :   Gading 21 & XXI (2 

  cineplexes),  Disney Time Zone, Time 

  Zone,  Kids Safari

   Food >  & Beverage :   100 outlets with a 

  diverse  range of cuisine from fast food  to

   restaurants, local franchises to  foreign  brands like Starbucks, Breadtalk

   80%  of tenants are foreign brands.

  Gading  Food City                                                      SCIENTIA SQUARE, SERPONG

   GADING  SUMMARECON

   FOOD CITY  DIGITAL CENTRE @ SERPONG

  2

   

  2 ,  in June 2014

2 Opened

   flrs, GFA 12,000 m     NLA 8,000 m

  2 GFA ,

   2

   23,000 m     NLA 13,000 m

   Occupancy

   : 92%

   Revenues  :  Open

  ‐air dining ala Indonesian

  2  Average /mth

   Rent :  Rp 85,000 /m

   Wide

   variety of cuisine attracts large traffic 

  2 Service /mth   Charge : Rp 50,000 /m

  volume  which feeds the mall

   Revenues  :

  2  Average /mth

   Rent : Rp 92,000 /m

  27 Summarecon  Mal Serpong

   SUMMARECON  MAL SERPONG

  Tenancy %  Mix (by leasable area)

  2  modern

  Planned  GFA 150,000 m  suburban shopping mall

  Anchor  (Department Store, Home 

   2 34%

  Phase opened  1 with NLA 34,000 m  in June 2007.  Phase 2 with NLA 

  Hardware  and Supermarket)

  2

  2

  45,000 opened  m  on 27 Oct 2011.  Total NLA = 79,000 m

  Food 18%  & Beverage  Occupancy =

   95%

  Fashion 17%  & Lifestyle

   Entertainment 6%  Revenues  :

  Tenants  ~ 350

  2

• Services 26%

  Average /mth  & Others  Rent : Rp 186,400 /m

2 Service /mth

   Charge : Rp 82,500 /m

• 

  Visitor  traffic in 2015 = 25 mn pax & 4.3 mn cars

   . Tenants  include :‐

• Store,

  Anchors  are Farmers Supermarket, Star  Dept

   Centro Dept Store, Best Denki (home  appliance),  Pongs Do‐It‐Best (hardware store),

• bookstore,

  Uniqlo,  Paper Clip stationery, Gramedia

   TimeZone games arcade, Gading 

  XXI  cineplex, Guardian, Giordano, Levis, Planet 

  Sports

  Summarecon  Mal Bekasi

   SUMMARECON MAL  BEKASI

  Tenancy %  Mix (by leasable area)

• 2

  Planned modern

   GFA 160,000 m  suburban / 

  Anchor  (Department Store, Home 

  regional  shopping mall

  41% Hardware  and Supermarket)

• Food 13%  & Beverage

2 Phase Opened

   1 with NLA 54,000 m  in  June 

  2013

• 95%

   occupancy with anchor tenants; Star Dept

  Fashion 22%  & Lifestyle

  Store,  Sogo’s Foodhall supermarket, Best Denki 

  Entertainment 12%

  electrical  households, Cinema XXI, Time Zone  games

   arcade, Ace hardware

  Services 13%  & Others

• Revenues  :
• 2

2 Average /mth

   Rent : Rp 142,500 /m

  Service /mth  Charge : Rp 77,000 /m

• Visitor

   Traffic in 2015 = 22 mn pax & 1.6 mn cars

  29 Hospitality  Business – City Hotels 

   Strategy  based on selective devlopment wherein there is a stable & recurring captive market.

    HARRIS POP!  HARRIS

   HOTEL KELAPA GADING  HOTEL KELAPA GADING  HOTEL BEKASI

   

  266 307  rooms budget city   rooms 4‐star city hotel 

   332

   rooms 4‐star city hotel hotel Catchment

    Catchment

   : Kelapa Gading, 

   : Bekasi and 

   Catchment

  Sunter,  : Kelapa Gading, 

   Pulo Gadung industrial

   estates,  Sunter,

   Pulo Gadung Cikarang,  Karawang

   Revenues  :

   Opened  in Nov 2014  in Jan 2015

   Opened

  Average

  −  daily room rates 

   ~ Average

   Rp 680,000 / night  daily room rates    

   Average  daily room rates   ~

   Rp 350,000 / night  ~  Rp 470,000 / night 

  >

  −  90% occupancy

  Hospitality  Business – Resort Hotel

   42 units of 1 to 3‐bedrooms

   

   Menara Satu −

  GFA 18,600  m2 office. 8,300 m2 (45%) for                  strata

  ‐title sale and 10,300m2 for lease

  Plaza  Summarecon

   Summerville  Apartments −

  Semi ‐serviced apartments in a resort  setting.

  −

  ,  NLA 6,870 m

  95%  occupancy 

   Klub Kelapa  Gading

  −

  Biggest  community club in Jakarta with  facilities

   for sports functions and  banqueting  (from seminars to weddings)

  −

  1,200  members

  2 .

  2

  31  MOVENPICK RESORT

   VILLAGE  NLA

   & SPA, JIMBARAN, BALI

   300  rooms 5‐star resort hotel

   Tourists;

   both foreign and domestic

   Under  construction. Opening  in 2016Q4  Dev

   Cost = Rp 600 bn