PT SUMMARECON AGUNG Tbk

  PT SUM M ARECON AGUN G Tbk

  33 ‐38

  13 ‐17

  8. Summarecon Bekasi

  18 ‐19

  9. Summarecon Bandung

  20

  10. Investment  Properties

  21 ‐31

  11. Corporate  Structure

  32

  12.1 Income  Statement : Consolidated Results

  12.2 Key  Financial Indicators

  11 ‐12

  39

  12.3 Debt  Borrowings 

  40

  12.4 Land  Bank 

  41

  12.5 Capital  Investments

  42

  13. Net  Asset Value

  43

  14. Summarecon’s  Competitiveness

  44 ‐45

  7. Summarecon  Serpong

  6. Summarecon  Kelapa Gading

  1 A Com pa n y Pr e se n t a t ion September  2015

  50

  Contents

  Slide   No.

  15. Outlook

  46

  16. Moving  Forward

  47

  17. Consistent  Value to Shareholders

  48

  18. Contact  us

  49

  19. Disclaimer

  20. Appendix  : Product Specifications

  10

  51 ‐55

  Slide   No.

  1. Plans  for 2015

  3 ‐4

  2. Corporate  Information

  5

  3. Management

  6 ‐8

  4. Principal  Activities

  9

  5. Township  Locations

  HO  : Plaza Summarecon

  Plans  for 2015 : Property Development

  1) 2015  Marketing Sales target = Rp 4.5Tr   2015  Target Product Segment [IDR’Bn]

  2) Sales  from Kelapa Gading, Bekasi, Serpong & Bandung (new  township  to open in 2015‐2H) 

  Σ 4.6 Σ 4.5

  IDR’  Tr YTD Au gu st  23%  2%

  2 .8 Tr Σ 3.7 ( 4 8 % )  4%

  SBD UNIT  SALES SSP Σ 5,063 Σ 3,316 SBK

  Σ 2,880 SKG SBD SSP Σ 983 SBK SKG

  3 Plans  for 2015 : Investment Property

  Construction  in Progress. Preparing for future recurring earnings

  1) Scientia Business  Park ; 

• 6

   blocks of ‘green office’ for rent. Book building basis

• Have

   built 2 out of 6 office blocks  F&B 2) La  Terrazza ;    outlets within Bekasi CBD [To Open in 2015‐H2]

  [To 3) Movenpick Resort  Open in 2016‐Q2]  & Spa, Jimbaran, Bali 

  Scientia Business Park

  Corporate  Information

   tr (~USD 4.0bn) Rp 3,710

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

  Employees :   ~ 4,500

   of Shareholders 4,821

  ~  51 % : No.

  : Public  – Foreign

  ~  13 %

  : Public  – Local

  ~  36%

  : Founders  & Associates

  Shareholder  Profile @ 31 August 2015

   (Market/Replacement Cost) : Rp 53.0

  5 Incorporation

  Rp 356 NAV

  : Rp 5.1  tr (~USD 395mn)

  Net  Book Value 

  Rp 23.4  tr (~USD 1.7bn) Rp 1,620

  Total  Value Rupiah  per share Market  Capitalization @ 31 August 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 August 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

  [Pg 1] Board

   of Directors [8 members]  LILIAWATI (66)

  

 RAHARDJO ADRIANTO (56)

 PITOYO ADHI Managing

  

 Director Direktur Utama

Ditunjuk sebagai Direktur Ditunjuk sebagai Direktur Utama  pada  pada Juni  2015. Sebelumnya bulan Juni tahun 2002.   Beliau  menjabat sebagai Direktur dari menjabat sebagai Komisaris dari   tahun 2013.  Bergabung dengan tahun  1992 sampai tahun 1997, Summarecon pada 2005  sebagai dan kemudian  menjabat sebagai Direktur Eksekutif.  Sebelum Komisaris Utama dari  tahun 1997  bergabung dengan Summarecon,   Beliau bekerja di sampai tahun 2001.  Metropolitan  Land  dengan posisi terakhir sebagai Direktur.   HERMAN (39)  NAGARIA   SOEGIANTO  NAGARIA  (42) Direktur – Property   Development Direktur – Investment  Property Ditunjuk sebagai Direktur pada Ditunjuk sebagai Direktur bulan Juni  tahun 2006.  pada bulan Juni tahun 2006. Sebelumnya menjabat sebagai Sejak bergabung dengan Asisten Direktur di  Business  Summarecon pada tahun Development  dari tahun 2003,  1997,  Beliau menjabat dan Beliau menjabat beberapa beberapa posisi manajerial di posisi manajerial sejak bergabung dengan Business  Development dan Summarecon tahun 1999. Retail Leasing.

  7 [Pg 2]

  Board  of Directors [8 members]  LILIES (61) LEXY (66)  YAMIN   ARIE TUMIWA Direktur – Teknik &  Perencanaan Direktur ‐ Corporate Services Ditunjuk sebagai Direktur pada Ditunjuk sebagai Direktur pada Juni 2006.  Sebelumnya bulan Juni   tahun 1993.  menjabat Asisten Direktur Sebelumnya menjabat sebagai Teknik sejak 2003.  Bergabung Asisten Direktur Corporate  and  dengan Summarecon sejak 1981.   Operational.   Bergabung dengan Summarecon sejak 1987 SHARIF  BENYAMIN  (55) YONG  KING CHING, MICHAEL (56) Direktur – Serpong Direktur – Keuangan,                 Corporate  Secretary Ditunjuk sebagai Direktur pada Juni 2013.  Bergabung dengan Ditunjuk sebagai Direktur pada Mei   Summarecon pada 2005

  2010.

 Bergabung dengan sebagai Direktur Eksekutif.   Summarecon pada 1994  sebagai Yang  bertanggung jawab atas Sekretaris Perusahaan  hingga 1998,  kegiatan operasi dari dan kembali bergabung pada 2006.   Summarecon Serpong.

  

 Pada Beliau bekerja di

 PwC 1979–1988,  tahun 2009  mendapat tugas Ernst  & Whinney London 1988–1990,  tambahan untuk mengelola Bank  Dharmala 1990–1994, Hexagon  proyek ‐proyek pengembangan Malaysia  2000 Finance Controller, dan baru. Direktur Keuangan 2001  

  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]

   Balance

   Apartment 2 Residential 2016 Feb/16 Feb/19 360 1,260 360 1,260 0%

  Units Sale  Value

  Units Sale  Value

  Units Sale  Value

  Rp'Bn Rp'Bn Rp'Bn Sherwood

   Apartments [3 Towers] Residential 2011 Jun/11 Jun/14 354 574 100%

  Sherwood  Garden Townhouse

  Residential 2012 May/12 May/14 43 218 100% Kensington

   Commercial Commmercial 2013 Mar/13 Sep/14 41 569 100%

  Kensington  Apartments [Tower A‐C]

  Residential 2014 Sep/14 Sep/17 453 1,440 (24) (77) 204 646 55% Kensington

   Apartments [Tower D] Residential 2015 Apr/15 Oct/18 199 450 (43) (98) 156 352 22%

  Kensington  Office Office 2016 Jun/16 Jun/19 36 540 36 540 0% Summit

  Summerville  Apartments [Towers 1,2]

  Sherwood  Apartments

  Residential 2016 Nov/16 Nov/19 350 1,120 350 1,120 0% Summerville

   Apartments [Towers 3,4] Residential 2017 May/17 May/20 350 1,330 350 1,330 0%

  TOTAL 2,186 7,502 (67) (175) 1,456 5,248 30% Estimated  Development Values

  Cluster  Name

  % Sold

  Product  Type

  Launch  

  Year

  1st  Launch  Date

  Project  Total

  Sold  in FY2015

  Complete  

  Date Project

  Kensington  Apartments

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

  SUMMARECON  KELAPA GADING

   >

  11 

  Started  in 1976

  

  Acreage  = Original 500 ha.  Now 550 ha

  

  Area  already developed =542 ha (97%)

  

  Available  landbank to develop = 8 ha

  

  Development  period ~ 5 years

   Already  developed/constructing

  :

   30,000 residential houses

   Summarecon (Head Office)

   >

   2,100 shoplots

   >

   2,200 apartment units

   Investment  Properties

  :

   Sentra

   Kelapa Gading

   Harris

   Hotel Kelapa Gading

   Klub Kelapa Gading  Summerville

   Apartments

   Plaza

•  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

   in FY2015 _{Launch   Year} ^Project  Balance _Cluster  Name ^Complete   _Date

    50 ha for future development

  Estimated  Development Values Project  Total Sold  in FY2015

  Summarecon  Serpong : Current & Future Projects :  The  Springs

   The  Springs

   100

   ha residential development 

   Available

   Development

  Date Project  Balance Product

   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 ^{Units Sale}  Value ^{Units Sale}  Value ^{Units Sale}  Value _{Rp'Bn Rp'Bn Rp'Bn R1}  Grisea ^{Residential 2010 Aug/10 Feb/12 166 235 100%} _R6  Canary ^{Residential 2010 Aug/10 Feb/12 307 243 100%} _R2  Scarlet ^{Residential 2011 Oct/11 Apr/13 159 319 100%} _R5  Starling ^{Residential 2011 Oct/11 Apr/13 270 315 100%} _C1  Ruko Springs Boulevard ^{Commmercial 2011 Nov/11 May/13 100 180 100%} _R8  Goldfinch ^{Residential 2012 Nov/12 May/14 109 450 100%} _R8  Goldfinch [Ext] ^{Residential 2015 Mar/15 Mar/17 15 87} _R3 ^{15 87 0%}  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 2016 Mar/16 Sep/17 285 820 285 820 0%} _R12  Low Rise @The Springs  ^{Residential 2015 Oct/15 Oct/17 600 990 600 990 0%} _Residential  ‐ 5 clusters [TBA] ^{Residential Jan/14 Jan/14 720 4,035 720 4,035 0%} _Commercial  ‐ 3 Blocks [TBA] ^{Commmercial Jan/14 Jan/14 336 1,706 336 1,706 0%} _{TOTAL 3,406 10,384 1,956 7,638 26%} ^Launch   _Date ^Estimated

   Development Values _Project  Total _Product  Type ^% _Sold ^Sold

   Type

Complete

 

Date

  Cluster  Name Launch  

  Summarecon  Serpong : Current & Future Projects :  

  89 310 100% Darwin  Commercial [Ext.] Commmercial 2013 Apr/13 Oct/14 2 9 100% Maxwell  Residence  Residential 2013 Oct/13 Jun/15

  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

Newton  [House, Shop] Residential 2008 Nov/08 May/10 309 202 100%

Dalton  Residence Residential 2009 Nov/09 May/11 218 173 100%

Darwin  Residence Residential 2010 May/10 Nov/11 148 120 100%

Pascal  [House, Shop] Residential 2010 May/10 Nov/11 234 278 100%

Scientia  Residence A,B

  Residential 2011 May/11 Nov/13 563 169 100%

Scientia  Residence C,D Residential 2012 Jun/12 Feb/14 562 200 100%

Scientia  Residence Ruko Commmercial 2012 May/12 Jan/14

  24 45 100% Ruko  Dalton Commmercial 2012 May/12 Nov/13 37 148 100% Ruko  Dalton [Ext] Commmercial 2017 Sep/17 Sep/19 29 161 100% Aristoteles

   [Land, house] Residential 2012 Aug/12 Aug/13 188 530 100%

Volta  Residence Residential 2013 Mar/13 Sep/14 168 360 100%

Darwin  Commercial Commmercial 2013 Apr/13 Oct/14

  92 245 100% Maxwell  Residence [Ext.] Residential 2015 Mar/15 Mar/17

  Year % Sold

  25 77 (2) (6)

  23 71 8%

Faraday  Residence Residential 2014 Mar/14 Sep/15 384 683 100%

Edison  Residence Residential 2014 May/14 Nov/15 196 370 100%

Aristoteles  Ruko [1] Commmercial 2016 May/16 May/18

  39 167 39 167 0% Aristoteles  Ruko [2] Commmercial 2017 May/17 May/19 40 188 40 188 0%

Alloggio  Residence Residential 2015 Jun/15 Jun/17 263 432 (263) (432) 100%

  Pascal  Ruko Ext Commmercial 2017 Mar/17 Mar/19 39 151 39 151 0% 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  ‐ 5 Blocks [TBA] Commmercial Jan/14 Jul/15 31 608 26 548 10% TOTAL

  8,263 15,283 (265) (438) 4,750 10,782 29% Launch  

• *

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

  Summarecon Serpong : Serpong Midtown  Current & Future Projects : 

  Estimated  Development Values Project  Total Sold  in FY2015 Project  Balance Launch Launch Complete

  %       Cluster  Name Product  Type Year Date Date Units Sale  Value Units Sale  Value Units Sale  Value Sold

  Rp'Bn Rp'Bn Rp'Bn

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

 Residence [Tower A,B,E,F]

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

  

Midtown  Residence [Tower C,D] Residential 2015 May/15 Nov/18 1,118 742 (725) (481) 393 261 65%

Midtown  Signature [Tower I] Residential 2016 Feb/16 Aug/19 279 394 279 394 0%

Midtown  Signature [Tower J] Residential 2015 May/15 Nov/18 279 362 (110) (143) 169 219 39%

TOTAL

  4,430 3,400 (835) (624) 841 874 74%

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

  Serpong Midtown



   6 ha

   of Superblock development, consisting of :

  6  towers of Midtown Residence , 4 towers 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 R1  Palm Residential 2010 Apr/10 Oct/11 287 185 100% R3  Maple Residential 2010 Apr/10 Oct/11 231 214 100% R2}  Acacia ^{Residential 2010 Oct/10 Apr/12 266 213 100%} _Block  S Sinpasa Commercial 1 ^{Commmercial 2011 May/11 Nov/12 94 242 100%} _{R9  Lotus Lakeside Residential 2011 Oct/11 Apr/13 203 322 100% R5  Magnolia Residential 2011 Oct/11 Apr/13 251 259 100% Emerald}  Commercial ^{Commmercial 2012 Mar/12 Sep/13 174 448 100%} _{R6  Bluebell Residential 2012 Jul/12 Jan/14 253 329 100% 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/17 778 433 (92) (51) 271 95 78% SpringLake}  Apartments (Tower E) ^{Residential 2015 Aug/15 Feb/19 856 362 (340) (160) 516 202 44%} _SpringLake  Apartments (Tower F) ^{Residential 2016 Feb/16 Aug/19 743 327 743 327 0%} _{SpringLake  Apartments (Tower G‐H) Residential 2016 Aug/16 Feb/20 1,354 786 1,354 786 0% Shoplot  S16 Commmercial 2016 Sep/16 Sep/18 18 115 18 115 0% Cluster}  R7 ^{Residential 2015 Oct/15 Apr/19 172 500 172 500 0%} _{Cluster  R8  Residential 2016 Apr/16 Oct/19 196 600 196 600 0% Apartments  ‐ 100 Towers [TBA] Residential Jan/14 26,670 41,221 26,670 41,221 0% Commercial}  [TBA] ^{Commmercial Jan/14 140 1,651 140 1,651 0%} _{TOTAL 35,277 50,187 (432) (211) 30,080 45,497 9%}

^Complete  

^Date

^{% Sold Project  Total Cluster  Name Launch   Date Sold  in FY2015 Project  Balance Launch   Year Product  Type Estimated  Development Values}

   Located

   at Gedebage Area (12 km from City  Center)

   To

   open in 4Q2015                                       

  SUMMARECON  BANDUNG  (NEW TOWNSHIP)  Available

   landbank = 330 ha

   Development

   Period >10 years

  [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 125,000 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

  21 [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  141,000 m2, NLA 109,000 m2)

  Bekasi  Food City 

    OTHER  PROPERTIES La  Terrazza F&B retail [CIP]

    Plaza

   Summarecon Serpong [SSP office]

   OTHER  PROPERTIES

   The  Springs Club

   Plaza

   Summarecon Bekasi

   SDC

   @ Serpong

   Harris  Hotel Bekasi

   Scientia Square

   Park 

   Scientia Business _{Scientia Square Park}  Park  _{Summarecon Mal Bekasi}

  Mal  Kelapa Gading

   Developed

   over 4 phases from 1990

  2 GFA 150,000 modern   m  suburban shopping mall with 

  Tenancy  Mix (by leasable area)

  4,500  carpark bays for today’s lifestyle society

  Anchors 35%  (Dept Store, Home,  

  2 NLA with Hardware,

    Supermarket)

   112,000 m  > 98% occupancy

  Fashion 16%

  Tenants

   & Accessories   : ~ 600

  Lifestyle 18%  Revenues

   :    Food 22%  & Beverage

   Lease  rent: Rp 150,000‐800,000 /m2/mth for 

  specialty  stores

  Leisure 8%  & Entertainment

  Services 1%  & Others  Average

   rent : Rp 225,000 /m2/mth

2 Service /mth

    Visitor

   charge : Rp 112,000 /m

   traffic in 2014 = 38 mn pax & 5.5 mn cars

  Average  .  Lease Term of Tenants

  > 40%  3 Years 3 45%  Years

  < 15%  3 Years

  23 Mal  Kelapa Gading, La Piazza

   LA

  Mal

   PIAZZA

   Kelapa Gading Major Tenants

  2  Anchor

  





  4

   Tenants :  flrs , GFA 33,000 m2, NLA 13,000 m

  Sogo,  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, 

  Lease

  −  rent: Rp 100,000‐190,000 /m2/mth for 

  LaSenza,  Esprit, Giordano, Guess, Marks  specialty

   stores &

   Spencer, Mothercare, Nautica, Next, 

  2 Nike,

   Adidas, Puma, Fila, Zara, Uniqlo) Average /mth

  −  rent : Rp 155,250 /m

  2 Entertainment :   Gading 21 & XXI (2 

  Service /mth

  −  charge : Rp 54,000 /m

  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 7,500 m

  2 GFA 23,200 ,

   2

   m     NLA 14,000 m

   Occupancy

   : 92%  revenues when fully operational

   Est.

   Open

  ‐air dining ala Indonesian

  2 Average /mth   Base 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  Lease /mth

   Rent : Rp 60,000‐120,000 /m

2 Average /mth

    rent : Rp 90,000 /m

  25 Summarecon  Mal Serpong

   SUMMARECON MAL  SERPONG

  Tenancy  Mix (by leasable area)

2 Planned modern

   Anchors 37%  

   GFA 150,000 m  suburban shopping mall

   2

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

  opened

  2

  2 Fashion 18%  & Accessories

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

   Lifestyle 12%

  Occupancy:  Phase 1 = 97%; Phase 2 = 93%, Average ~ 95%

   ~ 350

  Food 22%  & Beverage  Tenants

   • Services 1%

  Leisure 10%  & Entertainment Revenues  :

  Lease

   & Others

   rent: Rp 110,000‐500,000 /m2/mth for specialty stores

2 Average /mth

• 2
• /mth

   rent : Rp 172,500 /m

  Service  Charge : Rp 97,500 /m

   Visitor  traffic in 2014 = 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),

• Uniqlo, bookstore,

   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 / 

  Anchors 50%  

  regional  shopping mall

  Fashion 16%  & Accessories

  2

• Opened

  Phase  1 with NLA 52,000 m  in  June 

  Lifestyle 5%

  2013

  Food 11%  & Beverage

• 92%

   occupancy with anchor tenants; Star Dept

  Store,  Sogo’s Foodhall supermarket, Best Denki  electrical

  Leisure 10%  & Entertainment

   households, Cinema XXI, Time Zone 

  Services 8%  & Others

  games  arcade

• Revenues  :‐
• specialty

  Lease  rent: Rp 80,000‐500,000 /m2/mth for

   stores

• 2

2 Average /mth

   rent : Rp 150,000 /m

  Service /mth  Charge : Rp 91,000 /m

• Visitor

   Traffic in 2014 = 12 mn pax & 1.5 mn cars

  27 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  

  260 300  rooms budget city 

   rooms 4‐star city hotel  350

   hotel

   rooms 4‐star city hotel

   Catchment

   : Kelapa Gading, 

   Catchment

   : Bekasi and 

   Catchment

  Sunter,  : Kelapa Gading, 

   Pulo Gadung industrial

   estates,  Sunter,

   Pulo Gadung Cikarang,  Karawang

   Revenues  :

   Opened  in Nov 2014  Opened

   in Jan 2015

  Room

  −  rates ~ Rp 850,000 

  / Room  night  rates ~ Rp 400,000 / 

    Room

   rates ~ Rp 850,000 /  night   night

    >

  −  90% occupancy

  Hospitality  Business – Resort Hotel

   MOVENPICK RESORT  & SPA, JIMBARAN, BALI

   300  rooms 5‐star resort hotel

   Tourists;

   both foreign and domestic

   Under  construction. Opening  in 2016Q2  Dev

   Cost = Rp 600 bn

   Room  rates ~ USD 200/ night [indicative]  SAMASTA ENTERTAINMENT

   VILLAGE  NLA 5,000

    sqm for F&B and entertainment 

   Planning  & Design stage . Opening in 2016Q2  CONDOTEL [future  development]

   GFA 10,000

   sqm strata‐title saleable

   Planning  & Design stage . To sell in  2017

  29 [1] Other  Properties 

   OTHER  PROPERTIES / FACILITIES IN KELAPA GADING

    Plaza Summerville  Summarecon 

   Apartments

  Semi

  − ‐serviced apartments in a resort 

  Corporate

  −  Head Office. Own use  setting.

  2 2  42 units of 1 to 3‐bedrooms 8 , .

  −  floors. GFA 8,350 m  NLA 6,870 m  

  95%

  −  occupancy   Menara Satu

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

  Klub Kelapa  Gading

  −

  Biggest

  −  community club in Jakarta with 

  strata ‐title sale and 10,300m2 for lease facilities

   for sports functions and 

   Orchard  Junction

  banqueting  (from seminars to weddings)

  GFA 4,0000 1,200