PT SUMMARECON AGUNG Tbk

  PT SUM M ARECON AGUN G Tbk

  11.3 Key  Financial Indicators

  7. Summarecon  Serpong

  13 ‐16

  8. Summarecon  Bekasi

  17 ‐18

  9. Investment  Properties

  19 ‐29

  10. Corporate  Structure

  30

  11.1 Income  Statement : Consolidated Results

  31 ‐36

  37

  6. Summarecon  Kelapa Gading

  11.4 Debt  Borrowings 

  38

  11.5 Land  Bank 

  39

  11.6 Capital  Investments

  40

  12. Net  Asset Value

  41

  13. Summarecon’s  Competitiveness

  42 ‐43

  11 ‐12

  10

  1 A Com pa n y Pr e se n t a t ion November  2014

  18. Disclaimer

  Contents

  Slide   No.

  14. Outlook

  44

  15. Moving  Forward

  45

  16. Consistent  Value to Shareholders

  46

  17. Contact  us

  47

  48

  5. Township  Locations

  19. Appendix  : Product Specifications

  49 ‐53

  Slide   No.

  1. Plans  for 2014

  3 ‐4

  2. Corporate  Information

  5

  3. Management

  6 ‐8

  4. Principal  Activities

  9

  HO  : Plaza Summarecon

  Plans  for 2014 : Property Development

  1) 2014  Marketing Sales target = Rp 4.5Tr  [22% growth] ; from sales volume 2) Sales  from Kelapa Gading, Bekasi & Serpong. 

  2014  Target Product Segment [IDR’Bn] Σ 4.5

  IDR’  Tr  22%

  Σ 3.9 ‐ Σ 3.7  28%  4%

  UNIT Σ 3.0  SALES                  

   39% SSP

  Σ 4,580 Σ 2.2        

   79% Σ 3,761 SSP SBK Σ 1,974 Σ 1,841 G Σ 1,747 SK

  SBK Σ 983 G SK

  3 Plans  for 2014 : 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 

  Office 2) Plaza  Summarecon Bekasi ;    for Summarecon Bekasi [Opening 2015‐Q1]

  F&B 3) La  outlets within Bekasi CBD [Opening 2015‐Q1]  Terrazza ;  

  [Opening 4) POP  November 2014]  ! Hotel Kelapa Gading  5) Harris [Opening  Hotel Bekasi   January 2015]

  [Opening 6) Movenpick Resort  & Spa, Jimbaran, Bali   2016‐Q1]

  Corporate  Information

   (Market/Replacement Cost) : Rp 39.0

  Employees :   ~ 4,000

   of Shareholders 4,503

  ~  49 % : No.

  : Public  – Foreign

  ~  15 %

  : Public  – Local

  ~  36%

  : Founders  & Associates

  Shareholder  Profile @ 31 Oct 2014

   tr (~USD 3.4 bn) Rp 2,708

  Rp 349 NAV

  5 Incorporation

  : Rp 5.0  tr (~USD 410 mn)

  Net  Book Value 

  Rp 1,260

  Market  Capitalization @ 31 Oct 2014 : Rp 18.2  tr (~USD 1.5bn)

  

Total

 Value Rupiah  per share

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

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

  Share  Capital @ 31 Oct 2014

  IPO  Date  :  7 May 1990                   Ticker  :    SMRA.IJ

   Date : 26 Nov 1975

  Board  of Commissioners (4 Members)

  7 Board  of Directors [9 members] 

  .

   Joined the Company as  Executive

   Director   (operations

   director) for  Serpong in

   2005. Worked in  the  construction industry as  an

   employee and as an  entrepreneur  contractor from 

  1985  to 2004.

  ADRIANTO  PITOYO ADHI (55) Director  – Kelapa Gading,  Bekasi

  Appointed  Director in  June  2013.

   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.  From 1986 to 1997,  worked

   in a number of  companies  in the property  industry.

   

  SHARIF  BENYAMIN  (54) Director  – Serpong

  Appointed  Director in May 2010. 

   Dharmala 1990 – 1994, and  Hexagon

   1988 – 1990,   Bank

   1979 – 1988,     Ernst &  Whinney London

   Company in 2006. Worked in  PwC

  Secretary  till 1998, and returned  to

  Joined  in 1994 as Company 

  (55) Director

 – Finance,               

Corporate  Secretary

  SOEGIANTO  NAGARIA  (41) Director  – Investment Property 

  YONG

 KING CHING, Michael  

   and  retail  leasing.

   in business  development,  club  management

   in 1997, he has  served  in various    managerial  positions

   Since joining the  Company

  Appointed  Director in June  2006.

  Appointed  Director in June  2013.

   joining the Company    in  1999.

  [Pg 1] HERMAN  NAGARIA (38) SHARIF  BENYAMIN (54) YONG

   Previously served as  Assistant

  

 KING CHING (55)

ADRIANTO  P. ADHI (55) SOEGIANTO  NAGARIA (41) LEXY  A. TUMIWA (65) JOHANES  MARDJUKI (55) LILIAWATI  RAHARDJO (65) LILIES  YAMIN (60) President  Director Non ‐Affiliated Director Board  of Directors [9 members] 

  [Pg 2] JOHANNES  MARDJUKI  (55) President  Director

  Appointed  President Director  in

   June 2006. Previously  served  as Director of Finance  and

   Accounting from 2003.  Joined

   the Company in 1993  as  Corporate Secretary. Prior  to  joining Summarecon, he  was

   the Finance Director of  Grup Garuda  Mas.

  LILIAWATI  RAHARDJO (65) Managing  Director

  Appointed  Director in June  2002.

   Was a Commissioner  from  1992 to 1997, and then  the

   President Commissioner   from  1997 to 2001 before  assuming

   an executive role as  Managing  Director in 2002.

  LEXY  ARIE TUMIWA (65) Director  ‐ Corporate Services

  Appointed  Director in June  1993.

   Director in corporate  and  operational functions. 

   and has worked in  various  managerial positions  since

  Company  in 1981. She has  worked

   Development from  2003,

   Director in     Business

   Previously served as  Assistant

  Appointed  Director in June  2006.

  HERMAN  NAGARIA   (38) Director  – Business &  Property  Development

   as an architect in  numerous  companies since  1976.

   Assistant Director  from  2003. Joined the 

  Joined  Company in 1987. Prior  to

   Previously served as  Technical

  Appointed  Director in June  2006.

  LILIES  YAMIN   (60) Director  – Technical &  Planning

  America  Cruises

  Ponderosa  Pelangi and Holland 

   joining Summarecon, he held  managerial  positions at  PT. 

   Malaysia in 2000 as FC,  then  as FD in 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

   > 40,000  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]

  SUMMARECON  KELAPA GADING

  Residential 2015 Apr/15 Oct/18 335 1,050 335 1,050 0% Kensington  Office Office 2016 Jun/16 Jun/19

   Summarecon (Head Office)

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

  Sherwood  Apartments

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

  Kensington  Apartments 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 1‐3] Residential 2014 Sep/14 Sep/17 325 1,000 (220) (680) 105 320 68% Kensington  Apartments [Tower 4]

  36 540 36 540 0% Nias  Townhouse Residential 2015 Jul/15 Jan/17

   Apartments

  44 360 44 360 0% Graha  Timur 2 [Shops] Commmercial 2015 Jul/15 Jan/17

  30 510 30 510 0% Graha  Timur 3 [Shops] Commmercial 2016 Jul/16 Jan/18

  60 1,090 60 1,090 0% Summit  Apartment 2 Residential 2016 Feb/16 Feb/19 360 1,260 360 1,260 0%

  Summerville  Apartments [Towers 1,2] 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

  2,328 9,622 (220) (680) 1,670 7,580 21% Estimated  Development Values Cluster  Name

  % Sold Product  Type

  Launch   Year ^1st  Launch  _Date Project

   Total Sold  in FY2014

  

Complete

 

Date

Project

   Plaza

   Klub Kelapa Gading  Summerville

  11 

  :

  Started  in 1976

  

  Acreage  = Original 500 ha.  Now 550 ha

  

  Area  already developed =540 ha (97%)

  

  Available  landbank to develop = 10 ha

  

  Development  period ~ 5 years

   Already  developed

   >

   Hotel Kelapa Gading

   30,000 residential houses

   >

   2,100 shoplots

   >

   1,350 apartment units

   Investment  Properties

  :

   Sentra

   Kelapa Gading

   Harris

   Balance

  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 24% 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

   = 750 ha (our portion)

   Area

   already developed =250 ha (33%)

   Available

   landbank to develop = 500 ha

   Development

   Already  developed :

   Mal Serpong

   >

   11,000 residential houses

   >

   1,300 neighbourhood shoplots

   >

   1,000 residential landplots

   >

   1,100 apartment units

   Investment  Properties :

   Summarecon

• Concept

  Launch   Date

   Sold

  

Complete

 

Date

Launch

    Year Summarecon  Serpong : Current & Future Projects :  The  Springs

  



The  Springs

   100

   ha residential development 

   Available

    50 ha for future development

   Development

   period =  7 years from 2010 to  2017

   28% of project GDV ²⁰¹⁰

  Launch   Date

    _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%

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

R3A  Flamingo Residential 2014 Jun/14 Dec/15 450 1,097 (164) (385) 286 712 35%

Residential  ‐ 6 clusters [TBA] Residential Jan/14 Jan/14 820 4,444 820 4,444 0%

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

TOTAL

  2,886 9,579 (164) (385) 1,442 6,863 28%

Complete

 

  

Date

% Sold

  Sold  in FY2014 Launch  

  Year Project  Balance Cluster  Name

  Estimated  Development Values Project  Total Product  Type

  Project  Balance Product  Type

  % Sold Cluster  Name

  Summarecon  Serpong : Current & Future Projects :  

  37 148 100% Aristoteles  [Land, house] Residential 2012 Aug/12 Aug/13 188 530 100%

  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

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

  Project  Total Sold  in FY2014 Estimated  Development Values

   Commercial Commmercial 2013 Apr/13 Oct/14 89 310 100% Maxwell

   Residence [1] Residential 2013 Oct/13 Jun/15 92 245 (16) (43) 100% Maxwell

   Residence [2] Residential 2015 Mar/15 Nov/16 109 309 109 309 0% Faraday  Residence

  Residential 2014 Mar/14 Sep/15 384 683 (384) (683) 100% Edison  Residence Residential 2014 May/14 Nov/15 196 370 (196) (370) 100%

  Pascal  Ruko Ext Commmercial 2015 Mar/15 Sep/16 39 151 39 151 0% Serpong

   Apartments [Towers A,B] Residential 2014 Nov/14 Nov/17 520 400 520 400 0% Houses  ‐ 5 Clusters [TBA]

  Residential Jan/14 Jul/15 1,863 7,097 1,863 7,097 0% Apartment  ‐ 16 Towers [TBA] Residential 4,160 2,784 4,160 2,784

  Apartment  Shoplots ‐ 18 Towers [TBA] Commmercial 216 984 216 984 Commercial

   ‐ 5 Blocks [TBA] Commmercial Jan/14 Jul/15 31 608 26 548 10%

  TOTAL 10,150 16,165 (596) (1,096) 6,933 12,273 24%

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

  SpringLake Residences Summarecon  Bekasi : Current & Future Projects (for 1 st 240  ha)

   Sold

   Office) to open in  2014Q4

   Plaza  Summarecon Bekasi  (Bekasi

   28 June 2013

   1 with GFA 80,000 m2  and  NLA 51,000 m2 opened  on

   Mal Bekasi;                           Planned  GFA 160,000 m2. Phase

   Summarecon

   Investment  Properties :

   8 % of Projected Total

   >  250 neighbourhood shoplots

  SUMMARECON  BEKASI

   1,600 residential houses

   >

   Already  developed  (1 st phase  240 ha) :

   Period >10 years

   Development

   landbank = 480 ha

   Available

   started in March 2010.  

  17  Development

•  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% Cluster}  R7 Lakeside ^{Residential 2015 Jan/15 161 594 161 594 0%}

_{SpringLake  Apartments (Towers 1‐3) Residential 2014 Apr/14 Apr/17 2,334 1,000 (2,334) (1,000) 100%}

_{SpringLake  Apartments (Tower 4) Residential 2014 Jul/14 Jul/17 698 389 (415) (287) 283 102 74%}

_Houses  ‐ 8 Clusters [TBA] ^{Residential Jan/14 1,641 10,651 1,641 10,651 0%} _Apartments  ‐ 100 Towers [TBA] ^{Residential Jan/14 29,782 42,172 29,782 42,172 0%}

_{Commercial  [TBA] Commmercial Jan/14 140 1,651 140 1,651 0%}

_{TOTAL 36,772 59,649 (2,749) (1,287) 32,007 55,170 8%} ^Cluster  Name ^Launch   _Date ^Sold  in FY2014 ^Project  Balance ^Launch   _{Year Product}  Type ^{Estimated  Development Values}

^Complete

 

_Date

^% _Sold ^Project  Total

  INVESTMENT  PROPERTIES 

   @ Serpong

   Salsa

   Food City 

   Sinpasa

  PROPERTIES  IN SUMMARECON SERPONG [SSP]  OTHER  PROPERTIES

   Plaza

   Summarecon Serpong [SSP office]

   The

   Springs Club

   SDC

   Scientia Square  Park [CIP]

   SENTRA  GADING SERPONG  Summarecon

   Scientia Business  Park [CIP]

  PROPERTIES  IN SUMMARECON BEKASI [SBK]  SENTRA

   SUMMARECON BEKASI  Summarecon

   Mal Bekasi

   Sinpasa Commercial

   Bekasi

   Food City 

   OTHER  PROPERTIES

   Plaza  Summarecon Bekasi [SBK office] [CIP]  La

   Mal Serpong

  INVESTMENT  PROPERTIES  [Pg  2]

  [Pg  1]

   Summarecon [Head office]

  19 

  SENTRA  KELAPA GADING  Mal

   Kelapa Gading

   La

   Piazza,  Gading Food City

  (GFA 200,000  m2, NLA 125,000 m2)  Harris

   Hotel Kelapa Gading

   Pop!  Hotel Kelapa Gading [CIP]

   OTHER  PROPERTIES  Plaza

   Menara Satu [office]  The

  PROPERTIES  IN SUMMARECON KELAPA GADING [SKG]

   Orchard Junction [Retail with Giant 

  Supermarket  as anchor tenant]

   Summerville  Apartments [serviced 

  residential]

   Klub Kelapa  Gading [recreational club]

   Pertamina Petrol

   Station @ Grand Orchard

  Harris  Hotel Kelapa Gading La  Piazza life‐style center

  Gading  Food City Mal  Kelapa Gading

   Terrazza F&B retail [CIP]

  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)

   105,000 m  > 98% occupancy

  Fashion 16%

  Tenants

   & Accessories   : ~ 600

  Lifestyle 18%  Revenues

   :

   2 Food 22%  & Beverage

  Lease /mth

   rent for specialty stores : USD 20‐100 /m

   2 Leisure 8%  & Entertainment

  Average /mth [Rp  rent : USD 29 /m  225,000]

  Services 1%

   2  & Others

  Service /mth [Rp 108,500]  charge : USD 14 /m

    Visitor

  Rents  paid in Rp at pegged rate   Rp 7,750 

   traffic in 2013 = 36 mn pax & 5.2 mn cars  .

  Average  Lease Term of Tenants > 40%  3 Years

  3 45%  Years < 15%  3 Years

  21 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 Occupancy  : 97%

  Store

   Lifestyle

   centre that hosts live entertainment and 

   Best  Denki , Pong’s Do‐It‐Best events.

   Brings in the visitors / customers for the mall

   Fashion :

   The Catwalk (featuring 

   Revenues  :

  Indonesian  designers), Bridal World, 

  2 Lease /mth −  rent for specialty stores :  USD 15‐27 m

  and  major international brands (Pull & 

  2 Average /mth [Rp 155,250] −  rent : USD 23 /m

  Bear,  Levis, LaSenza, Esprit, Giordano, 

   Marks & Spencer, Mothercare,  Service /mth [Rp 54,000]

  2 Guess,

  −  charge : USD 8 /m

  Nautica,  Next, Nike, Adidas, Puma, Fila, 

  Rents

  −  paid in Rp at pegged rate Rp 6,750

  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 ,  flrs, GFA 12,000 m     NLA 7,500 m

2 Opened

   in June 2014

  2 GFA 23,200

   2

  ,  m     NLA 14,000 m

   Occupancy

   : 92%  Est.

   revenues when fully operational

   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 60‐120,000 /m

2 Average /mth

    rent : Rp 90,000 /m

  23 Summarecon  Mal Serpong

   SUMMARECON MAL  SERPONG

  Tenancy  Mix (by leasable area)

   2

  Planned modern  GFA 150,000 m  suburban shopping mall

  Anchors 37%  

   2

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

  2

  2 Fashion 18%  & Accessories

  38,000 opened  m  on 27 Oct 2011.  Total NLA = 72,000 m

   Lifestyle 12%

  Occupancy:  Phase 1 = 97%; Phase 2 = 89%, Average ~ 93%

   Food 22%  & Beverage

  Tenants  ~ 350

   2 Services 1%

  Leisure 10%  & Entertainment Revenues  :‐

  Lease /mth for

   & Others

   Rent : USD 10‐70 /m  specialty stores

• 2

  Average /mth [Rp 154,000]  rent : USD 22 /m

• 2

  Service /mth [Rp 91,000]  Charge : USD 13 /m

• Rents  paid in Rp at pegged rate  Rp 7,000
• 

  Visitor  traffic in 2013 = 24 mn pax & 4.1 mn cars

   . Tenants  include :‐

  Anchors  are Farmers Supermarket, Star  Dept

• Store,

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

  Uniqlo,  Paper Clip stationery, Gramedia • bookstore,

   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 51,000 m  in  June 

  Lifestyle 5%

  2013

  Food 11%  & Beverage

• 90%

   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  :‐

2 Lease /mth for

   Rent : USD 10‐70 /m  

• specialty

   stores

2 Average /mth [Rp

   rent : USD 21 /m  150,000]

• 2

  Service /mth  Charge : USD 13 /m                 

• [Rp

   91,000] Rents

   paid in Rp at pegged rate  Rp 7,000

  Visitor  Traffic 2013‐2014 (12 mths) = 10 mn

  25 Hospitality  Business – City Hotels [Current and new developments]

   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 

   hotel Catchment

  350  rooms 4‐star city hotel

    Catchment

   : Kelapa Gading, 

   : Bekasi and 

   Catchment

  Sunter,  : Kelapa Gading, 

   Pulo Gadung industrial

   estates,  Sunter,

   Pulo Gadung Cikarang,  Karawang

   Revenues  :

   Under  construction, to   Under

   construction, to 

  Room

  −  rates ~ Rp 650,000  open  in 2014Q4 open

   in 2015Q1

  /  night

   Dev

   Cost = Rp 100 bn

   Dev

   Cost = Rp 200 bn >

  −  90% occupancy Room  rates ~ Rp 300,000 / 

    Room  rates ~ Rp 650,000 /  night

   [indicative] night  [indicative]

  Hospitality  Business – Resort Hotel

   MOVENPICK RESORT  & SPA, JIMBARAN, BALI

   300  rooms 5‐star resort hotel

   Tourists;

   both foreign and domestic

   Under  construction. Opening  in 2016Q1  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 2016Q1  CONDOTEL [future  development]

   GFA 10,000

   sqm strata‐title saleable

   Planning  & Design stage . To sell in  2017

  27 [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

   Klub Kelapa  Gading

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

  −

  Biggest

  −  community club in Jakarta with 

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