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Leadingtownshipdeveloper&infrastructurepowerhouse PTKawasan Industri JababekaTbk. ("KIJA") isa leading townshipdeveloperwithanestablished track record in industry-basedtownshipssupportedbyresidenDal&commercialcomponents...
KIJAoverview Businesssegments
• Established in 1989 andbecame thefirst publicly listed industrialestatedeveloperinIndonesiain1994
• Kota Jababeka,KIJA'sflagshipdevelopment, is amature industry-based integrated township in Cikarang with on-site power plantanddryport
• Pipeline projects: Kendal Industrial Park – Park by the Bay inCentral Java, tourism-based township in Tanjung Lesung, BantenandatourismdevelopmentprojectinMorotai
• Largeandstrategicallylocatedlandbankof3,394hectaresasof30September2017
PTKawasanIndustriJababekaTbk
RealEstate Infrastructure
Industrial
ResidenDal
Commercial
Power
Infrastructure
DryPort
Vision:ToCreateModernSelfSustainedCi4esinEveryProvinceinIndonesiaandProvideJobsforBe>erLife
FY16RevenueBreakdown(%)(Rp2,931billion)
FY16GrossProfitBreakdown(%)(Rp1,243billion–42%GPM)
…withworldclassinfrastructuretosupportitsdevelopment
RealEstate&Others41%
PowerPlant45%
Infrastructure&Port14%
RealEstate&Others71%
PowerPlant13%
Infrastructure&Port16%
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Establishedtrackrecordinlarge-scaleindustrialestate+infrastructure
19891994
1996
2001
2003
2010
2011
2016
JababekaGroupestablishedandstarteddevelopmentoftheindustrialestate
IPOonJakartaandSurabayaStockExchange
Acquisi_onofMenaraBataviainJakartaCBD
Inaugura_onofEduca_onPark,includingPresidentUniversity
CommenceddevelopmentofJababekaCBD
CikarangDryPortbeginsopera_ons
Acquisi_onof1,500halandinTanjungLesung,Banten
BekasiPowerPlantcommencedopera_ons
GroundbreakingKendalIndustrialPark–ParkbytheBay
SupplyChainAsiaAwards2014AsiaLogis_csCentre/Parkofthe
Year
#1
FronDerConsulDngGroupAward2014#1CorporateImage
IndustrialEstate
FortuneIndonesia-2015BestCompanyaward
#1
InvestorMagazine-2012Top10BestperforminglistedcompaniesandBestlistedcompanyinproperty
2013
#1
MinistryofIndustry-2015BestIndustrialEstate–Infrastructure&Facili_es
#1
IndonesiaPropertyWatch-2015
Thebesttownshipdevelopmentconcept
2014
D’KhayanganSeniorLivingLaunched
Selectedawards
SWAMagazine-2016Top25MostCrea_veCompaniesinIndonesia
Morethan25yearstrackrecordinindustrialtownshipdevelopment
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SizeablelandbankinstrategiclocaDonswithupsidepotenDal
Karawang
Note:1 Landbankasat30September2017
! MostestablishedindustrialareainGreaterJakarta,hometo>2,000localandmulDnaDonalcompanies
! DesignatedasaSpecialEconomicZone
! DesignatedstrategicestatestatusunderpresidenDaldecree
! Fullyintegratedandmaturedcitydevelopment35kmeastofJakarta,45minsfromJakarta’sCBD
! StrategicallylocatedalongtheJakarata-Semarang-SurabayaEconomicCorridor! Envisagedtobecomeafirst-classintegratedresort
desDnaDonforbothdomesDcandinternaDonaltourists ! OffersadeeppoolofyoungandskilledlabouratacompeDDvecost
Located170kmsouthwestofJakartaandcovers1,500haofuntouchedpeninsulafacingtheIndianOcean!
TanjungLesung� Masterplan:1,551hectares� 170kmsouthwestofJakarta� LandBank:1,551ha(1)
Kendal,CentralJava� Masterplan:2,700hectares� 450kmeastofJakarta� LandBank:583ha(1)
KotaJababekaCikarang� Masterplan:5,600hectares� 35kmeastofJakarta� LandBank:1,231ha(1)
KotaJababekaCikarang
Kendal,CentralJava
Semarang
Surabaya
TanjungLesung
INDONESIA
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OverviewofPorholio
RealEstate(1) Leisure&HospitalityInfrastructure
KotaJababekaEduca4onPark
Industrial
TheJababekaIndustrialEstate
ResidenDalD’Cataluna
CandiResidenceatD’Java
TheOscarBeverlyHills
D’JavaResidenceTropikanaGarden
GrahaAsriRiverviewResidence
SeniorLiving@D’Khayangan
Commercial
EducaDonPark
RukoD’JavaSentraNiagraSquareMovieBoulevard
CortesRestoPlaza
TraceRodeoDrive
HollywoodBoulevardRukoGreenMarketKiosGreenMarket
Riverwalk
WaterTreatmentPlant
BekasiPower
CikarangDryPort
Golf&CountryClubWasteWaterTreatmentPlant
Cikarang–JababekaGolf&CountryClub
KotaJababekaPresidentLounge
MainLobby,ThePresidentLounge-Jakarta
MetroSuites MetroHotel
BotanicGarden
JababekaBotanicGardens
KotaJababeka
Threediversifiedpillarsofgrowthunderpinnedbystrongrecurringrevenuebase
Magelang–BorobudurInterna4onalGolf&
CountryClub
Veranda
BoulevardArcade
RukoHollywoodArcade
ThamrinBoulevard
EastParkCommercialCentre
Note:1 KIJAalsoowns5,947sqmofspaceintheJakartastrata_tlebuildingMenaraBataviaandhas_tleto12,035.7sqminTheCityCenter,astrata_tledofficetoweradjacenttoMenaraBatavia
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Keycreditstrengths
1 Leadingindustry-basedintegratedtownshipdeveloperinIndonesia
Diversifiedlandbankandprojects
Stable,USD-denominatedrecurringincomefrominfrastructureoperaDons
RobustoperaDngandfinancialperformance
ClearstrategicfocusoverdifferentDmeframes
2
3
4
5
6
TheONLYindustrialdeveloperwithon-sitepoweranddryport
Experiencedmanagementteam7
Beneficiaryoffavourablemacroandsectorfundamentals8
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KotaJababeka—Flagshipindustry-basedintegratedtownship 1
1
2
3
4
StrategicallylocatedinCikarangarea,themostestablishedindustrialestatezoneinGreaterJakarta
ClosetocentralJakarta,sea-port,airportandaccessiblebybothtollandrailroadsMaturetownshipwithawell-establishedtalent/labourpoolsupportedbycomplementaryfacili_es(residen_al,commercial,hospitality,etc)
Superiorinfrastructurefacili_eswhichservetoenhanceKotaJababeka'scompe__veposi_oningforcustomers
TollRoadFutureTollRoad
…andishometoover1,600localandmul4na4onalcustomersfromover20countries
Kota Jababeka is amature industry-based township strategically located in close proximity to Jakarta CBD, sea port andairport…
(inkm)DistancefromKotaJababeka
JakartaCBD 35
Seaport 55
Airport 65
TanjungPriokPort
Heavyindustries&Petrochemicals
DKIJAKARTA
SouthTangerang
Tangerang
Soekarno-HanaInternaDonal
Airport
BekasiAutomoDve,Consumer,Electronics&otherLighttomediumindustries
KotaJababeka
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KotaJababeka–Anchoredbyablue-chipcustomerbase
PorholioofhighqualitycustomersDiversemixofoccupantsacrosssectors(breakdownbynumberofoccupants)–Asof30Sept2017
1
The porholio of high quality mulDnaDonal and domesDc customers at Kota Jababeka is a testament to the township'sstrategiclocaDonandsuperiorinfrastructurefaciliDes
Electronics, 11%
Customer Goods, 7%
Machinery, 7%
Chemicals, 6%
Automotive, 6%
Plastics, 6%
Foods, 5%
Building, 4% Metal Fabrication, 4%
Tekstile, 2%
Others, 44%
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JababekaResidence–ACityforYourWorld
ResidenDal
Commercial
1
ElvisTower
Housingclusters
High-riseresidenceSeniorhousing
D’JavaResidence
TheVeranda TropikanaGarden
SimprugGarden
D’Khayangan-Seniorliving
SimprugPlazaSentraNiagaSquare
KotaJababekahassuccessfullyachievedacriDcalmassofoccupantswhichprovidesanopportunitytoconDnue introducing complementary services and infrastructure to enhance the township's valueproposiDon
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KotaJababeka–EnhancingvaluethroughJointVentureprojects 1
PTPlazaIndonesiaRealtyTbkPTPPProperD(Persero)Tbk
� Mixedusesuperblockona12-hasiterightnexttothegolfcourse� GroundbreakinghappenedinJune2015;pilingcompleted� Launchimminent
� Mixed use superblock on a4.6-hasite
� With 6 apartment towersandJapanesestylemall
� First apartment tower to belaunchedlaterthisyear
� 4 a p a r t m e n t t o w e r sstrategically located near thetollexit
� Catering to the lower end ofthemarket
� Tower 1 –Mahakam Tower –90% sold out & topped off,hand-overexpectedlate2018
� Tower2 –BangawanTower–soo-launchedwith>140unitssold
JV230%
70%
JV252.6%
47.4%
JV170%
30% “MAYFAIREstate&ParkLand” JV1
49%
51%“RiverviewResidence”
� Tobedevelopedon4-hasiteadjacenttoJV1� Concepttobedecidedonatalaterstage–tosupport/complement
JV1
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KotaJababeka–KawanaGolfResidence 1
� KawanaGolfResidenceisaJVbetweenKIJA’sJababekaResidence(60%)andCreedGroup(40%)fromJapan� High-endgolfviewapartmenttowerwith234units� Phase1launchedinDecember:100%sold–phase2tobelaunchedlater
KawanaGolfResidence–TheOne&OnlyGolfResidenceinIndonesia
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EnhancingKotaJababeka'svalueproposiDon:BekasiPowerPlant
IntegratedPowerGeneraDon&DistribuDonProcess
PLN
Factories
100%outputtoPLN
BuybackfromPLN(+16%margin)
1
2
Directsaletofactories(+margin)
3
OperaDonalHighlights
• 130MWgasfiredcombinedcycleplant
• 20year100%off-takeagreementfromPerusahaanListrikNegara(“PLN”)
– RateperKWH:~US$11cents– Averagegascost/MMBTU:~US$9.0-10.0– FuelcostsbornebyPLNonapass-throughbasis– Fullycontractedgassupply– Flexibilitytobuybackpowerandresellitatapremium
• In2Q2016,a leakagewas found ina boilerofoneof theHeatRecovery Steam Generators of the power plant. The repair wassuccessfully completed in mid August 2016. During the repair,powerplantoperatedatabout50%oftheusualcapacity
FinancialHighlights
2
IDRbillionDescripDon 2014 2015 2016 9M17
NetDependableCapacity 118.8MW 120MW 120MW 120MW
LoadFactor 108MW 110MW 93MW 107.1MW
Capacityfactor 90.01% 90.01% 81.85% 93.05%
EquivalentAvailabilityFactor 90.34% 96.39% 82.85% 98.06%
PlannedOutageFactor 7.88% 3.09% 15.15% 1.16%
EquivalentForcedOutageRate 1.78% 0.52% 2.00% 0.29%
Providingasignificantmarke4ngadvantageoveritscompe4torsasaccesstoreliableelectricitysupplyisoneoftheprimaryconcernsforindustrialclientsinIndonesia
KIJAistheonlyindustrialestatedeveloperinIndonesiawithitsownpowerplantlocatedwithinitsestate
1,062
1,267
1,4991,309.6
1,149
82 155 215 164 189
7.7%
12.2%14.3%
12.5%
16.5%
0.0%2.0%4.0%6.0%8.0%10.0%12.0%14.0%16.0%18.0%
-
200
400
600
800
1,000
1,200
1,400
1,600
2013 2014 2015 2016 9M17
Revenue GrossProfit GrossProfitMargin
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EnhancingKotaJababeka'svalueproposiDon:CikarangDryPort 2
Notes: 1 Estimated % of total throughput at Tanjung Priok Port originating from this area
…withexcellenttransportconnec4vity
StrategiclocaDonintheheartofthelargestmanufacturingzonealongtheBekasi-Cikampekindustrialcorridor…
InternaDonalPortCode:IDJBKSurroundedby11IndustrialEstatesandmorethan3,000manufacturingcompanies
JABABEKA
MM2100
EJIP LIPPO
HYUNDAI SURYACIPTA
KIKCKIM
KBI
KIIC
GIIC
62%1Cikarang
Utama Toll Gate
New Toll Gate KM 29
Flyover to Jakarta
Highway Exit KM 29
EnhancedAccessibilitywithNewTollGateKM29
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EnhancingKotaJababeka'svalueproposiDon:CikarangDryPort FaciliDes&servicesofferedatCikarangDryPort
2
ContainerYard ReeferServices TerminalOperaDon24/7
BondedTrucking ContainerFreightStaDon
RailFreightService 24/7Security
CFS
Gate
Bonded Logistics Center
Office: CDP, Quarantine, Banking
New 10,000 m2 warehouse
Mobile X-Ray
Physical Inspection
Reefer
To Jakarta / Tanjung Priok
To Surabaya
Railway Emplacement
New Customs Office
BondedLogisDcsCenter
SpecialContainersHandling
IntegratedCustoms&QuaranDne EmptyContainerDepot OnlineTracking&INSWConnected
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5,995
25,808
37,507
50,844
65,250
54,191
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2012 2013 2014 2015 2016 9M17
15
62
78
120
151
124
-
20
40
60
80
100
120
140
160
2012 2013 2014 2015 2016 9M17
EnhancingKotaJababeka'svalueproposiDon:CikarangDryPort
Overview• Since 2012, Cikarang Dry Port is an official port of origin and
des_na_on with interna_onal port code IDJBK – now connectedwith29majorshippinglines
• Integrated port and logis_cs facili_es with mul_ modaltransporta_onservices
• Besides export/import, CDP also serves as hub for domes_cdistribu_onviamainrailway linethat runs fromwest JavatoeastJava
• Bonded Logis_cs Centre (FTZ facili_es) for Coxon & minerals/metals with a 2nd warehouse completed in 1Q 2017 toaccommodatemorecoxontradersandothercommodi_es
Revenue(IDRbillion)
Throughput(TEU)
2
Selectedcustomer&partnerprofileatCikarangDryPortShippingLines:
ThirdPartyLogisDcsProvider(3PL):
Shippers/Consignees:
StrongmomentuminCDPoperaDons
…allowingcustomerstomoreefficientlymanagetheirimportsandexportsandbenefitfromcostsavings
CikarangDryPort(CDP)isthefirstandonlyintegratedcustoms,quaranDneandlogisDcsfacilityinIndonesia…
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64210
344 415 424 346
26.8%
15.5%
21.6%22.2%
24.6%23.6%
10.0%
15.0%
20.0%
25.0%
30.0%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2012 2013 2014 2015 2016 9M17
RecurringEBITDA RecurringRevenue EBITDAMargin
SizeableandstableUSD-denominatedrecurringincomebase 3
Notes:1Recurringrevenue/EBITDAincludescontribu_onfrompowerplant,dryportandservice&maintenancefees2Comprisesrealestate,golfandothernon-infrastructuresegments
RealEstate(2)
Recurring(1)
2012
IDR1,401billion
IDR2,799billion
17%83%
57%43%
59%41%
2014
2016
IDR2,931billion
240
1,592
1,349
1,8681,723
1,466
…basedonUSDpricingterms(power&water),furtherenhancingstabilityandvisibilityofcashflowsforJababekaandalsoprovidinganaturalhedgeforitsUSD-denominatedinterestexpenses…
Theprovisionoftheseinfrastructureserviceshasenabledtheprogressivebuildoutofasignificantrecurringrevenuebase…TotalRevenue&Breakdown Recurringrevenue(IDRbillion)
…Furthermore,US$200millionno4onalishedgedbymeansofcallspreadswithanaveragelowerstrikeof13,021Rupiahandanaverageupperstrikeof15,997Rupiah
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Diversifiedlandbank 4
PosiDoning
RealEstate(2):41% Recurring(3):59%
LandBankTotal(1):3,365ha
KotaJababeka
KendalIndustrialPark–ParkbytheBay
TanjungLesung
PosiDoning Established MNCs and domes_ccompanies willing to pay a premiumfor strategic locaDon and maturet o w n s h i p w i t h t o p n o t c hinfrastructureinplace
More cost-conscious customerslooking for an alternaDve to GreaterJakarta industrial estates that sDllprovidestopnotchinfrastructure
Tourism, leisure and hospitalityfocused integrated township to tapinto entertainment/leisure spendingbyrisingmiddleclassinIndonesia
Notes:1Asper30September2017andexcludingMorotai,with29haoflandbank2Comprisesrealestate,golfandothernon-infrastructuresegments3Recurringrevenueincludescontribu_onfrompowerplant,dryportandservice&maintenancefees
…inaddi4ontobenefi4ngfromfutureinfrastructuredevelopmentsacrossitslandbankloca4ons
AgeographicallydiversifiedlandbankallowsKIJAtocapturedifferentmarketsegmentsandenhancesearningsresilience…Diversifiedbygeography,posiDoningandsegment
WelldiversifiedacrossmulDplesegments(Breakdownofsegmentsby2016revenuecontribuDon)
3% 6% 7% 1%2% 45% 14%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Land Industrial Commercial Residen_al Tourism Golf PowerPlant Service&Maintenance
1,231ha 583ha 1,551ha
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Diversifiedprojects:KendalIndustrialPark–ParkbytheBay 4
TanjungEmasInternaDonalSeaport(Indonesia's3rdlargest) 25kmAhmadYaniInternaDonalAirport 20kmSemarang(CentralJavacapital) 21km
Semarang
TanjungEmasSeaport
AhmadYaniInt'lAirport
KendalPort
Totalplannedarea:2,700hectaresPhase1:860ha(583hectaresasof30September2017)
49% 51%
DistancetoKendalIndustrialPark–ParkbytheBay
…andcomplementedbyKIJA’slongtrackrecordandexperienceinIndonesiaindustrialestatedevelopmentsandinfrastructureopera4ons
KendalIndustrialPark–ParkbytheBaybenefitsfromSembcorp'sexperDseindevelopingandmarkeDngindustrialzonesacrossAsia(China,Vietnam,Batam,Bintan,etc)…
KendalIndustrialPark–ParkbytheBayisaJVbetweenKIJAandSembcorp
ExcellentconnecDvitytomajorinfrastructureinCentralJava
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OfficialopeningceremonyonNovember14th2016bythePresidentofIndonesia,MrJokoWidodo,andthePrimeMinisterofSingapore,Mr
LeeHsienLoong
Diversifiedprojects:KendalIndustrialPark–ParkbytheBay 4
KeyHighlights
• KendalIndustrialPark–ParkbytheBayofferscustomersanaffordableproductwithtopnotchinfrastructure• Low labourcosts inCentral JavamakesKendal IndustrialPark–ParkbytheBaypar_cularly interes_ngfor
laborintensiveindustries• KendalIndustrialPark–ParkbytheBayissituatedalongtheJakarta-Semarang-SurabayaEconomicCorridor• Increasingtrafficconges_onatTanjungPriokPort in Jakartahas ledtogrowing interest inalterna_vesites
withgoodconnec_vityviaairandsea
OurKendalIndustrialPark–ParkbytheBaydevelopmentinCentralJavaiswell-posiDonedtobenefitfromgrowingdemandforrelaDvelylowcostindustrialestateswithgoodconnecDvityandcompeDDvelaborcosts
Diversemixofoccupantsacrosssectors(breakdownbynumberofoccupants)–Asof30September2017
Manufacturing,34%
Logis_cs,19%Building
Materials,16%
Furniture,13%
F&B,9%
Others,9%
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Diversifiedprojects:KendalIndustrialPark–ParkbytheBay 4
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Diversifiedprojects:TanjungLesung 4
PresidentJokoWidodospeakingonTanjungLesung’sdesignaDonasSpecial
EconomicZoneforTourism
TanjungLesungoverview
LocaDon ~170kmsouthwestofJakartainBanten
Concept Tourism-based integrated township (hotels,apartments,sailing,diving&beachclubs)
Access CurrentlyaccessiblebytollroadfromJakartain~3.5hours
Australia
Indonesia
Malaysia
Singapore
TanjungLesung
Merak
AnyerKrakatauMountain
Labuan
Pandeglang
Panimbang
FutureTollroad
PanaitanIsland
UjungKulonNaDonalPark
JakartaSerang
Jakarta-MerakTollRoad
SOEKARNO–HATTAInternaDonalAirport
TanjungLesung
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Diversifiedprojects:TanjungLesung 4
StronggovernmentsupportfordevelopmentofTanjungLesung
" One of 10 New Tourism Des_na_ons in Indonesia that the Indonesian Government ispromo_ng
" NewtollroadfromSerangTimurtoPanimbang:Aconsor_umledbyPTWijayaKaryaTbk(Persero)wonthetenderforthisproject,landacquisi_onandprepara_onsforconstruc_onareunderway
" TanjungLesunghasbeendesignatedasSpecialEconomicZoneforTourism
FaciliDesandinfrastructureatTanjungLesung
• Exis_ng infrastructure includes access roads, a water treatment plant, wastewater treatmentplant,electricitysupplyandtelecommunica_onlinks
• Visitors currently have access to ~ 300 rooms spread out over two hotels/resorts, a bed andbreakfastandseveralcoxages
• Otherfacili_es:restaurantandbar,drivingrange,aswimmingpool,aspa,abeachclub,asailingclub,school,mosque,residen_alhousingunits,andamedicalclinic
…isexpectedtoincreaseinterestfrompoten4alinvestors/partnersfortheproject
VillawithprivatepoolatTanjungLesung
Golfcourse
Aerialview
StronggovernmentsupportforTanjungLesung'sdevelopmentasatourismzone...
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Diversifiedprojects:TanjungLesung 4
KALICAAVILLA
Currentpropertyproducts
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!MorotaiisaSpecialEconomicZonefortourismand1of10newtourismdesDnaDonspromotedbythegovernment
!Strategically located in the Halmahera group of easternIndonesia’sMaluku islands, in the heart of Pacific Asia inbetweenAsiaandAustralia
!3hoursflightfromSingaporeandTaipei
Morotai
BeachviewatMorotai
EveningviewatMorotai
!Great potenDal for tourism, agricultural and fishingindustriesandasalogisDcshub
• PTJababekaMorotaihasbeenappointedastheimplemen_ngen_tyoftheMorotaidevelopmentprojectbytheCoordina_ngMinistryofEconomicAffairsoftheRepublicofIndonesia
• Currentlyholds29haoflandbankatMorotaifordevelopment
FuturetourismandlogisDcshubstrategicallylocatedintheheartofPacificAsiawithnaturaltropicalbeautyandWorldWar2charm
4 Diversifiedprojects:Morotai
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Clearstrategicfocus 5
Long Term Vision
ShortTerm MediumTerm
• Con_nuetodevelopandcapitalizeonKotaJababekaTownship
• FurtherdevelopmentofKendalIndustrialParkinpartnershipwithSembcorpinCentralJava
• DevelopmentofTanjungLesung
tourism-basedtownship
• ReplicateKotaJababeka'sindustry-basedintegratedtownshipmodelthroughoutIndonesia
• Buildoutaninfrastructurefacilityporholio(power,water,ports,etc.)tosupportthesenewtownships
KIJA'sexisDngpipelineprovidesvisibleopportuniDesoverdifferentDmeframes
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25
380
101
399
331
427
166
0
50
100
150
200
250
300
350
400
450
2012 2013 2014 2015 2016 9M17
7411,019 1,130 1,167
1,025
676
53%
37%40%
37% 35%29%
0%
10%
20%
30%
40%
50%
60%
0
200
400
600
800
1,000
1,200
1,400
2012 2013 2014 2015 2016 9M17
EBITDA EBITDAmargin
8601,171 1,252
1,3891,243
858
61%
43% 45% 44% 42%37%
0%
10%
20%
30%
40%
50%
60%
70%
0
200
400
600
800
1,000
1,200
1,400
1,600
2012 2013 2014 2015 2016 9M17
Grossprofit Grossprofitmargin
240
1,349 1,592 1,868 1,723 1,4661,161
1,3901,207
1,2721,208
863
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2012 2013 2014 2015 2016 9M17
Recurringrevenue Realestate&otherrevenue
Strongfinancialperformance... 6
Notes:1Approximateunrealizedforeignexchangeloss(noncash)forFY12:IDR62billion,FY13:IDR420billion,FY14:IDR65billion,FY15:IDR156billionand9M17IDR26billion2FY16ncludesunrealizedforeignexchangegains(noncash)ofapproximatelyIDR135billion
Revenuebreakdown(IDRbillion) Grossprofit(IDRbillion)andGrossprofitmargin(%)
EBITDA(IDRbillion)andEBITDAmargin(%) Netincome(IDRbillion)
1,401
2,7992,7393,140 2,931
2,329
(1)(1)
(1)
(1)
(2)
(1)
0 89 79
245 175 22
132 115 82
200 218 78
86 134 182
205 102 95
133 111 160
26
3.2
3.8 3.8
3.43.1
3.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
2012 2013 2014 2015 2016 9M17
2,0462,572 2,705
3,510 3,5653,8103,975 4,186
4,6624,978
5,638 5,851
0.510.61 0.58
0.71
0.63 0.65
0.000.100.200.300.400.500.600.700.800.901.00
0
1,000
2,000
3,000
4,000
5,000
6,000
2012 2013 2014 2015 2016 9M17
Totaldebt Totalequity Debt/Equity
0
2,000
4,000
6,000
8,000
10,000
12,000
2012 2013 2014 2015 2016 9M17Cashandcashequivalents Totalassets
RobustbalancesheetposiDon… 6
Notes:1Includescapitalizedinterest+HedgingFees
Assetsandcash(IDRbillion) Debt,Equity(IDRbillion)andDebt/Equity(x)
EBITDA/Interestexpense(x)1 Netdebt/LTMEBITDA(x)
6,836
7,9117,660
8,9149,942 10,208
2.4
1.9 1.9
2.3
2.7
3.2
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2012 2013 2014 2015 2016 9M17
0 89 79
245 175 22
132 115 82
200 218 78
86 134 182
205 102 95
133 111 160
27
Experiencedmanagementteam 7
BoardofCommissioners
BoardofDirectors
SetyonoDjuandiDarmono
PresidentCommissioner
(Founder)
BaceliusRuru
VicePresidentCommissioner
IndependentCommissioner
HadiRahardja
Commissioner
(Founder)
GanMichael
Commissioner
BudiantoLiman
PresidentDirector
SeDawanMardjuki
Director
HyantoWihadhi
Director
SutedjaSidartaDarmono
Director
TjahjadiRahardja
Director
KetutBudiWijaya
Commissioner/
IndependentCommissioner
Averageofmorethan20yearsofindustrialtownshipdevelopmentexperience
0 89 79
245 175 22
132 115 82
200 218 78
86 134 182
205 102 95
133 111 160
28
6.2 6.05.6
5.0 4.9 5.0 5.0 5.1 5.1 4.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2011 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F
175 221 270 307 366 397 4317692
128156
180216
262
251313
398463
546613
693
0
100
200
300
400
500
600
700
2011 2012 2013 2014 2015 2016 2017
FDI Domes_cDirectInvestment Total
1,372
1,339
327
261
208
197
191
165
147
129
128
105
105
96
93
83
81
81
81
69
66
65
59
57
57
53
51
50
49
46
-
200
400
600
800
1,000
1,200
1,400
1,600
China
India
US
Indo
nesia
Brazil
Pakistan
Nigeria
Banglade
sh
Russian
Mexico
Japan
Ethiop
ia
Philipp
ines
Vietnam
Egypt
Germ
any
Congo
Iran
Turkey
Thailand
UK
France
Italy
Tanzania
SouthAfrica
Myanm
ar
Korea
Kenya
Colombia
Spain
56 6281
114 118
159174 169
187 192
0
50
100
150
200
250
2008 2009 2010 2011 2012 2013 2014 2015 2016 Q32017
Favourablemacroandsectorfundamentals
Source:Sta_s_csIndonesia,EIU–February2018
8
Source:BKPM
Source:EIUPopula_onDataasofFebruary2018 Source:ColliersIndonesiaInterna_onalresearchQ32017
StrongrealGDPgrowthoutlook(%) ConDnuedgrowthindirectinvestments–bothFDIanddomesDc(IDRtrn)
SizeabledomesDcmarketsize—world's4thlargestpopulaDon GreaterJakartaaverageindustriallandprices(USD/sqm)
0 89 79
245 175 22
132 115 82
200 218 78
86 134 182
205 102 95
133 111 160
29
0
2,000
4,000
6,000
8,000
10,000
12,000
2010 2011 2012 2013 2014 2015 2016 2017
Mining Transport,Storage&Communica_on
Electricity,Gas&WaterSupply Construc_on
Favourablemacroandsectorfundamentals 8
UpgradingofInfrastructure
• Capitalspendingonailinginfrastructurenetworkgainedtrac_onfromlate2015
• Upgradestoports,roads,tollroadsandpowerplants− Jakartaairportrailway− Trans-Sumateratollroad− NewJakartacontainerterminal(NewPriok)− NewTerminal3atJakartaairport
• Equityinjec_onsintoinfrastructure-relatedStateOwnedEnterprises(“SOEs”)
• Furtherstreamliningandimprovementstothelandacquisi_onprocesscri_calforinfrastructuredevelopmentandabiggerbudgetallocatedtothenewlandacquisi_onagency
DeregulaDonofInvestmentandTaxIncenDves
• Improvementininvestmentclimateviacuzngredtapeandeasingbureaucracy
• Restric_onsonforeignpar_cipa_oninseverallogis_csrelatedsectorshavebeenloosened
• Licenseshavealreadybeengrantedtooperatebondedlogis_cscentre
• Securedfundingfrominterna_onaldevelopmentagencies
• Introducedmanyregulatoryreformstocreateamoreconduciveenvironmentforprivatesectorpar_cipa_onininfrastructure
1
2
Source:PWC:IndonesianInfrastructureReport;MinistryofFinance;BKPM
GovernmentBudgetonInfrastructureSpendinIndonesia(IDRtrn) GovernmentiniDaDvestosDmulateindustry
FDIinInfrastructure-relatedSectorsinIndonesia(USDbn)
9,320 9,6378,818 9,015
10,29811,291
5,819
10,742
178
290317
387409
139
209
2014 2015 2016 2017 2018
Budget Actual
0 89 79
245 175 22
132 115 82
200 218 78
86 134 182
205 102 95
133 111 160
30
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