PT SUMMARECON AGUNG Tbk

PT SUM M ARECON AGUN G Tbk

May 2015

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

16. Moving Forward

10. Investment Properties

21 ‐31

11. Corporate Structure

12.1 Income Statement : Consolidated Results

33 ‐38

12.2 Key Financial Indicators

12.3 Debt Borrowings

12.4 Land Bank

18 ‐19

12.5 Capital Investments

13. Net Asset Value

14. Summarecon’s Competitiveness

44 ‐45

HO : Plaza Summarecon

15. Outlook

9. Summarecon Bandung

8. Summarecon Bekasi

3 ‐4

17. Consistent Value to Shareholders

18. Contact us

19. Disclaimer

20. Appendix : Product Specifications

51 ‐55

Slide No.

1. Plans for 2015

2. Corporate Information

13 ‐17

3. Management

6 ‐8

4. Principal Activities

5. Township Locations

6. Summarecon Kelapa Gading

11 ‐12

Slide No.

7. Summarecon Serpong

Plans

for 2015 : Property Development

3 1) 2015 Marketing Sales target = Rp 5.5Tr [20% growth] 2) Sales from Kelapa Gading, Bekasi, Serpong & Bandung (new township to open in 2015‐2H)

2015 Target Product Segment [IDR’Bn] SKG SBK Σ 5.5  20%

Σ 3.7  4%

IDR’ Tr Σ 3,250 Σ 983 SKG

UNIT SALES SSP SBD SBD SBK SSP

Σ 5,063 Σ 4.6  23%

Σ 1,722 YTD M AR 1 .2 7 Tr ( 2 3 % ) Plans for 2015 : Investment Property

Construction in Progress. Preparing for future recurring earnings

1) Scientia Business Park ;

6
Have

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

built 2 out of 6 office blocks 2) La Terrazza ;

F&B outlets within Bekasi CBD [To Open in 2015‐H2] 3) Movenpick Resort & Spa, Jimbaran, Bali

[To

Open in 2016‐Q2]

Scientia Business Park

Corporate

Information

Date : 26 Nov 1975

IPO Date : 7 May 1990 Ticker : SMRA.IJ

Share Capital @ 30 Apr 2015

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

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

Total Value Rupiah per share

Rp 1,780

~ 13 %

Market Capitalization @ 30 Apr 2015 : Rp 25.7 tr (~USD 2bn)

IR. SOETJIPTO NAGARIA (74) Founder of the Company EDI DARNADI (63) Independent Commissioner HARTO DJOJO NAGARIA (67) Commissioner

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

Employees : ~ 4,500

of Shareholders 4,381

~ 51 % : No.

: Public – Foreign

: Public – Local

Net Book Value

~ 36%

: Founders & Associates

Shareholder Profile @ 30 Apr 2015

5 Incorporation

(Market/Replacement Cost) : Rp 53.0

Rp 356 NAV

: Rp 5.1 tr (~USD 395mn)

tr (~USD 4.1bn) Rp 3,710

[Pg 1]

Board

of Directors [8 members] LILIAWATI (66) LEXY (66) RAHARDJO ARIE TUMIWA Managing Director Direktur ‐ Corporate Services Ditunjuk sebagai Direktur pada Ditunjuk sebagai Direktur pada bulan Juni tahun 2002. Beliau bulan Juni tahun 1993. menjabat sebagai Komisaris dari Sebelumnya menjabat sebagai tahun 1992 sampai tahun 1997, Asisten Direktur Corporate and dan kemudian menjabat sebagai Operational. Bergabung Komisaris Utama dari tahun 1997 dengan Summarecon sejak 1987 sampai tahun 2001. HERMAN (38) 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] ADRIANTO (56) PITOYO ADHI LILIES (61) YAMIN Direktur – Kelapa Gading & Bekasi Direktur – Teknik & Perencanaan Ditunjuk sebagai Direktur pada Juni Ditunjuk sebagai Direktur pada 2013. Bergabung dengan Juni 2006. Sebelumnya Summarecon pada 2005 sebagai menjabat Asisten Direktur Direktur Eksekutif. Yang Teknik sejak 2003. Bergabung bertanggung jawab atas kegiatan dengan Summarecon sejak operasi dari Summarecon Klapa 1981. Gading. Pada tahun 2009 mendapat tugas tambahan untuk mengelola Summarecon Bekasi. SHARIF BENYAMIN (54) YONG KING CHING, MICHAEL (55) 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

 > 4,000 retail neighbourhood shoplots,

Leisure Project Locations [Current and Future Developments]

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

Activities

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

 > 53,000 residences (house and apartment)

SUMMARECON

KELAPA GADING

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

2,100 shoplots

 >

2,200 apartment units

Investment :  Properties

 Sentra

Kelapa Gading

 Harris

Hotel Kelapa Gading

 Klub Kelapa Gading  Summerville

Apartments

Kensington  Plaza

Summarecon (Head Office)

 Menara Satu (Office)

11 Summarecon Kelapa Gading : Current & Future Projects Estimated Development Values

Project Project Launch 1st Complete Sold %

Launch Total in FY2015 Balance

Cluster Product

Name Type Year Date Date

Sold Units Sale Units Sale

Units Sale

Value Value Value Rp'Bn Rp'Bn Rp'Bn

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

Sherwood Residential 2012 May/12 May/14 43 218 100% Garden Townhouse

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

Kensington Residential 2014 Sep/14 Sep/17 453 1,440 (17) (54) 211 668 54% Apartments [Tower A‐C]

Kensington Residential 2015 Apr/15 Oct/18 199 450 (40) (91) 159 359 20% Apartments [Tower D]

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

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

Summerville Residential 2016 Nov/16 Nov/19 350 1,120 350 1,120 0% Apartments [Towers 1,2]

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

TOTAL 2,186 7,502 (57) (145) 1,466 5,277 30%

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

Kensington Apartments

SUMMARECON

 St Carolus Hospital Serpong [CSR Facility]

 Summarecon Digital Centre @ Serpong

Mal Serpong

 Summarecon

 Investment Properties :

1,100 apartment units

 >

1,800 residential landplots

 >

2,000 neighbourhood shoplots

 >

11,000 residential houses

 >

 Already developed/constructing :

period ~ 10 years

 Development

landbank to develop = 530 ha

 Available

already developed =250 ha (32%)

 Area

= 780 ha (our portion)

 Acreage

in 1993

13  Started

SERPONG

Summarecon Serpong : Current & Future Projects

 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

 Scientia Garden

2014 Edison

Scientia 2009 Dalton 2008 Newton

2010 Pascal 2010 Darwin 2011

Concept

Park

10 Ha Investment Properties

Universitas Multimedia Nusantara

 Scientia Square

Digital Centre @ Serpong

2012 Aristoteles 2013 Volta

Scientia Business Park

2013 Maxwell 2014 Faraday

 Summarecon

includes investment properties :‐

 Scientia Business

Summarecon

Scientia

Project Total Sold in FY2015

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

Serpong : Current & Future Projects :

Date

Estimated Development Values

Project Balance Product Type

Complete

Cluster Name Launch Date

Year % Sold

8,446 15,590 5,200 11,537 26% Launch

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%

Development Values _Project Total _Product Type ^% _Sold ^Sold

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%

Houses [R9] Residential 2015 Sep/15 Sep/17 390 565 390 565 0%

89 310 100% Maxwell Residence [1] Residential 2013 Oct/13 Jun/15 92 245 100% Maxwell Residence [2] Residential 2015 Mar/15 Mar/17 83 260 83 260 0%

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

Volta Residence Residential 2013 Mar/13 Sep/14 168 360 100% Darwin Commercial Commmercial 2013 Apr/13 Oct/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%

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

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

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

Value Units Sale Value Rp'Bn Rp'Bn Rp'Bn

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

Garden 15 ^*

Summarecon Serpong : Current & Future Projects : The Springs

in FY2015 _Launch _Year ^Project Balance _Cluster Name

^Complete

_Date

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

 Development

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} ^{30 170} ^{30 170 0%} _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 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 _{3,421 10,467 1,971 7,721 26%} ^Launch _Date ^Estimated

50 ha for future development

 Available

ha residential development

 100



The Springs

Summarecon Serpong :

Serpong Midtown

 Remaining

Date

Project Total Sold in FY2015 Project Balance % Sold

Year Launch Date

Complete

4,222 3,262 1,468 1,360 58% Estimated Development Values Cluster Name Product Type Launch

Residential 2015 May/15 Nov/18 910 604 910 604 0%

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

Midtown Signature [Tower J] Residential 2015 May/15 Nov/18 279 362 279 362 0%

TOTAL

Units Sale Value Units Sale Value Units Sale Value Rp'Bn Rp'Bn Rp'Bn

Midtown Residence [Tower A,B,E,F] Residential 2014 Nov/14 May/18 2,196 1,235 100%

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

Midtown Residence [Tower C,D]

concepts, and 3 Commercial buildings to be developed from 2015.

2 towers each of Residence and Signature

Current & Future Projects :

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

6 towers (4 towers of Midtown Residence and 2 towers of Midtown Signature) were sold in

 Total

right across Summarecon Mal Serpong

 Located

District

Residence , Midtown Signature and Commercial

of Superblock development, consisting of : Midtown

 6 ha



Serpong Midtown

2014

SUMMARECON BEKASI

Available landbank = 400 ha

 Summarecon



Development started in March 2010.

SpringLake Residences

2015

Office) opened in March

Summarecon Bekasi (Bekasi

 Plaza

June 2013

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

Mal Bekasi; Planned GFA 160,000 m2. Phase

 Investment Properties :



Sold 7 % of Projected Total



3,000 apartment units

 >

300 neighbourhood shoplots

 >

1,700 residential houses

 >

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

Development Period >10 years



st Summarecon

240 _{Estimated Development Values} _{Cluster Product} Bekasi : Current & Future Projects (for 1 ha) _{Launch Launch Complete Project Total Sold in FY2015 Project Balance %}

_{R1 Residential 2010 Apr/10 Oct/11 287 185 100%}

Name Type _{Year Date Date Units Sale Value Units Sale Value Units Sale Value Sold} _{Rp'Bn Rp'Bn Rp'Bn}

_{R2 Residential 2010 Oct/10 Apr/12 266 213 100%}

_{R3 Maple Residential 2010 Apr/10 Oct/11 231 214 100%}

Palm _{Block Commmercial 2011 May/11 Nov/12} Acacia _{94 242 100%}

_{R5 Magnolia Residential 2011 Oct/11 Apr/13 251 259 100%}

_{R9 Lotus Lakeside Residential 2011 Oct/11 Apr/13 203 322 100%}

_{Emerald Commmercial 2012 Mar/12 Sep/13 174 448 100%}

S Sinpasa Commercial 1 _{S1 Commmercial 2013 Jul/13 Jan/15}

_{R4 Veronia Residential 2013 Apr/13 Oct/14 193 530 100%}

_{R6 Bluebell Residential 2012 Jul/12 Jan/14 253 329 100%}

Commercial _{27 237 100%} _{SpringLake Residential 2014 Jul/14 Jul/17 698 389 (43) (24) 240}

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

_{S2 Topaz Commercial Commmercial 2013 Jul/13 Jan/15} Graha Bulevar Bekasi _{37 213 100%} _{78 80%}

_{SpringLake Apartments (Tower 7‐8) Residential 2016 Mar/16 Sep/19 1,556 818 1,556 818 0%}

_{SpringLake Apartments (Tower 5‐6) Residential 2015 Sep/15 Mar/19 1,556 772 1,556 772 0%}

_{Shoplot Commmercial 2016 Sep/16 Sep/18} Apartments (Tower 4) _{18 115} _{18 115 0%}

_{Houses Residential Jan/14 1,390 9,670 1,390 9,670 0%}

_{Cluster R7&R8 Lakeside [Houses] Residential 2016 Apr/16 Oct/19} _{Cluster R7&R8 Lakeside [Land] Residential 2016 Apr/16 Oct/19} S16 _{90 599} _{83 546} _{90 599 0%} _{83 546 0%} _TOTAL

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

_{Apartments ‐ 100 Towers [TBA] Residential Jan/14 26,670 41,221 26,670 41,221 0%}

‐ 7 Clusters [TBA] _{36,551 59,973 (43) (24) 31,743 55,470 8%} ^* Development plan and values are subject to change according to the prevailing market conditions

19 SUMMARECON BANDUNG (NEW TOWNSHIP)

 Located

at Gedebage Area (12 km from City  Available landbank = 330 ha

Center)

 Development

Period >10 years

rd  To Q2015

open in 3

[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

& 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% & Others

 2

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

 Rents

paid in Rp at pegged rate Rp 7,750

 Visitor

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

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,

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

LaSenza, Esprit, Giordano, Guess, Marks

& Spencer, Mothercare, Nautica, Next, Average /mth [Rp 155,250]

− rent : USD 23 /m

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

2 Service /mth [Rp 54,000] − charge : USD 8 /m

Entertainment :  Gading 21 & XXI (2

Rents

− paid in Rp at pegged rate Rp 6,750

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

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

25 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 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%

 Food 22% & Beverage

Tenants ~ 350

 •

Leisure 10% & Entertainment Revenues :‐

2 Services 1%

Lease /mth for

& Others

Rent : USD 10‐70 /m specialty stores

2 Average • /mth [Rp 172,500]

rent : USD 23 /m

2 Service /mth [Rp 97,500]

Charge : USD 13 /m

Rents paid in Rp at pegged rate Rp 7,500


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)

Anchors 50%

GFA 160,000 m suburban /

regional shopping mall

Fashion 16% & Accessories

Phase Opened 1 with NLA 52,000 m in June

Lifestyle 5%

2013

Food 11% & Beverage

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

Rent : USD 10‐70 /m

stores

rent : USD 21 /m 150,000]

Service /mth Charge : USD 13 /m

91,000] Rents

paid in Rp at pegged rate Rp 7,000

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

rooms 4‐star city hotel 350

 300 rooms budget city

rooms 4‐star city hotel 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

PT SUMMARECON AGUNG Tbk