Results Presentation (3M18) - Ciputra Development

Results Presentation (3M18)

2- Business Presentation

Results Summary (Income Statement)

(Rp bn) 3M18 3M17 % YoY

Revenue 1,358 1,271 7%Effect of 8% YoY increase in Property Development

segment and 3% YoY increase in Recurring segment

COGS (728) (667) 9%

Gross Profit 629 604 4%

Gross Profit Margin 46% 48% Effect of product mix

Operating Expense (328) (316) 4%

Operating Profit 302 288 5%

Operating Profit Margin 22% 23% Effect of decline in Gross Profit Margin

Interest Income (Expense) - Net (129) (84) 53%Interest from Ciputra World Jakarta 2 project fully

expensed after project completion in 3Q17

Other Income (Expense) - Net 22 96 -77%High-base effect from divestment of Fatmawati project

for Rp65.9bn in 1Q17

Final Tax and Income Tax (48) (72) -33%

Net Income Before Non-Controlling Interest 147 228 -35%

Non-Controlling Interest 22 12 90%

Net Income Attributable to Owners 125 216 -42%

Net Profit Margin 9% 17%


Results Summary (Revenue Breakdown and Margin Performance)

(Rp bn) 3M18 3M17 % YoY

Revenue Breakdown

Property Development Revenue 942 869 8%

Houses, shophouses, and land lots 668 646 3% Revenue recognition schedule skewed towards 2H18

Apartments 145 172 -15% Near completion of Voila, Orchard, and The Residence projects

Office for sale 129 51 151% Construction progress of Tokopedia Care Tower and Kemayoran Tower 1

Recurring Revenue 415 402 3%

Shopping malls 190 191 0% Effect of lower rental reversions

Hotels 110 120 -8% High-base effect of Royal Family visit in Raffles Hotel

Hospitals 52 38 38% Improving patient volume

Office leasing 37 27 36% Newly opened Tokopedia Tower

Others 26 26 -2%

Total Revenue 1,358 1,271 7%

Margin Performance

Property Development GPM 43% 44%

Houses, shophouses, and land lots 45% 48%

Apartments 43% 27%

Office towers 31% 42%

Recurring GPM 54% 56%

Shopping malls 66% 68% Effect of lower rental reversions

Hotels 39% 46% High-base effect of Royal Family visit in Raffles Hotel

Hospitals 46% 42% Improving patient volume

Office leasing 70% 62%

Others 28% 28%

Effect of product mix


Results Summary (Revenue per Segment and per Location)

Houses, shophouses, and

land lots49%

Apartment Strata11%

Office Strata10% Shopping

Malls14%

Hotels8%

Others8%

Revenue per Segment (3M18)

Greater Jakarta55%

Greater Surabaya

15%

Other Java21%

Sumatra7%

Sulawesi1%Others

1%

Revenue per Location (3M18)

• Development = 69% (Houses + Apartments + Office)• Recurring = 31% (Malls + Hotels + Hospitals)

• Sustained focus on geographically diversified revenue sources to minimize concentration risk


Results Summary (Historical Revenue Breakdown)

4.2

5.2

6.1

5.1 4.7

0.9

0.8

1.1

1.4

1.6 1.7

0.4

16%18% 18%

24%27%

31%

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

2013 2014 2015 2016 2017 3M18

Rp tn Development vs. Recurring Revenue

Development Revenue Recurring Revenue Recurring as % of Total Revenue

• Continued focus on high-growth core development business and complemented by stable recurring assets


Key Developments

• Launched 7 new clusters/towers in existing projects with a combined presales of Rp327bn (20% of 3M18 achievement)• New Clusters / Towers = Ciputra World Surabaya (Surabaya), CitraSun Garden Semarang (Semarang), CitraIndah

Jonggol (South Greater Jakarta), CitraLand Surabaya (Surabaya), CitraLand Cibubur (South Greater Jakarta), CitraGarden Sidoarjo (Greater Surabaya), The Taman Dayu Pandaan (West Surabaya)

• Total 3M18 presales reached Rp1.6tn (21% of FY18 target)

• En bloc sale of 192 apartment units to The Ascott (CapitaLand) in Ciputra World Jakarta 2• Booked as Rp675bn presales in October 2017

• Issued SGD150mn Medium Term Note with 4-year maturity and 4.85% coupon rate (September 2017)• SGD35mn for working capital and SGD115mn for refinancing• 100% call-spread

• Received a credit rating from Fitch of BB- / Stable Outlook (September 2017)

• Completed merger of 2 subsidiaries CTRS and CTRP (January 2017)


30%

27%

16%

9%

16%

1%

2017

24%

27%

16%

10%

19%

5%

3M18

80%

18%2%

2017

78%

19%3%

3M18

5,088 5,081 4,549 4,411

641 891

3,099

1,625 2,661 2,831

472 585

991

480 431 480

105 138

2015 2016 2017 2018T 3M17 3M18

Directly-Owned JO - Profit Sharing JO - Revenue Sharing

Pre-Sales Summary

Presales per Location

Presales per Product

(Rp bn)

Units Sold10,668 8,288 8,645 1,494 1,778

Area Sold (Ha)

104 73 85 14 17

Historical Presales

Houses, shophouses, land lots Apartment Office

Greater Jakarta Surabaya Other Java

Sumatra Sulawesi Others

7,6407,186

9,179

7,722

1,2181,614


33% 34%40% 36% 37%

32%24%

30%

24% 25%

27%

26%

24%

30% 28%

8%16%

6% 10% 11%

2014 2015* 2016 2017* 3M18

< Rp1bn Rp 1-2bn Rp 2-5bn > Rp 5bn

33% 32%

49% 48%40%

57% 57%

36% 40%48%

10% 11%15% 12% 12%

2014 2015* 2016 2017* 3M18

Mortgage Installments Cash

Pre-Sales Summary

Presales per Payment Method Presales per Unit Price

• Rising mortgage payment due to higher exposure to end-users and better accessibility to mortgages

• Units below Rp2bn continue to make up majority of presales as end-users are targeted

*Note: 2015 and 2017 excludes en bloc sales to Ascott (Rp835bn and Rp675bn)


Ha Ha 2010-13 CAGR 2013-17 CAGR 2017

CitraGarden City 83 - 48% 9% 16.1

CitraRaya Tangerang 138 552 63% 10% 3.8

CitraIndah Jonggol 143 139 17% 17% 1.6

CitraLand Cibubur 18 64 - - 3.8

Total Greater Jakarta 382 755

CitraLand Surabaya 405 569 33% 16% 9.9

CitraHarmoni Sidoarjo 120 32 31% 22% 4.6

CitraGarden Sidoarjo 10 5 23% 29% 6.8

Total Surabaya 535 606

CitraGarden Lampung 3 - 28% 3% 2.3

CitraLand Lampung 7 48 - 21% 4.4

CitraLand Pekanbaru 10 - - 15% 4.7

CitraLand NGK Jambi - 2 - 5% 3.2

Total 937 1,411

Directly-Owned Project

Developed Land

(Saleable)

Undeveloped Land

(Raw)Land ASP Trend

Land ASP

(Rp mn per sqm)

Sufficient Land Bank to Sustain >15 Years of Development

Total directly-owned land bank of 2,348 Ha Gross (1,409 Ha Net)


Rights to Additional Land Bank Through Joint-Operation Schemes

CitraLake Sawangan Depok 12 4.4 CitraGrand Senyiur City Samarinda 397 1.6

Total Greater Jakarta 12 CitraGarden City Samarinda 100 2.5The Taman Dayu Pandaan 600 3.5 CitraLand City Samarinda 93 2.8CitraLand The Green Lake Surabaya 40 9.0 CitraMitra City Banjarbaru 172 1.1CitraIndah Sidoarjo 2 3.7 CitraLand Banjarmasin 40 3.4

Total Greater Surabaya 642 CitraGarden Banjarmasin 10 3.1

CitraMaja Raya 1,200 1.3 CitraGarden Aneka Pontianak 27 5.8CitraLand BSB City Semarang 100 2.7 Citra BukitIndah Balikpapan 21 4.4CitraGrand Semarang 55 3.9 CitraCity Balikpapan 9 10.5CitraSun Garden Semarang 17 5.9 CitraLand Denpasar 18 11.6CitraGarden City Malang 100 3.8 Total Kalimantan + Bali 888

Citra Green Dago Bandung 70 3.9 CitraGrand Galesong City Gowa 500 2.0CitraGarden BMW Cilegon 47 2.9 CitraLand City Losari Makassar 157 14.6CitraLand Cirebon 45 2.4 CitraLand Talassa City Makassar 69 4.3CitraLand Puri Serang 43 2.1 CitraLand Celebes Makassar 30 5.4CitraGarden Pekalongan 10 1.9 CitraGarden Makassar 15 2.6CitraGrand Mutiara Yogyakarta 9 5.1 CitraLand Palu 17 4.1CitraSun Garden Yogyakarta 6 7.1 CitraLand Kendari 15 3.5

Total Java Ex-Jakarta Ex-Surabaya 1,702 Total Sulawesi 803

CitraRaya City Jambi 611 1.0CitraGrand City Palembang 165 2.5CitraLand Bagya City Medan 123 6.5CitraLand Botanical City Pangkalpinang 57 1.8Citra AeroLink Batam 21 3.8CitraLand Megah Batam 19 3.0CitraGarden Pekan Baru 20 1.9

Total Sumatra 1,016

Land ASP

(Rp mn per sqm)

2017

Joint Operation Project Development

Plan (Ha)

Land ASP

(Rp mn per sqm)

2017

Joint Operation Project Development

Plan (Ha)

Total JO Land Bank of 5,063 Gross Ha


High-rise (Apartment and Office - Strata Title)

CitraRaya Tangerang EcoHome 9,316 40% 14%

CitraLake Suites 17,986 52% 95%

Citra Living 9,064 90% 5%

Kemayoran Citra Towers 37,955 72% 35%

Raffles Residence 41,500 84% 100%

DBS Bank Tower 19,284 93% 100%

Tokopedia Tower 28,000 75% 94%

The Orchard 36,000 98% 95%

The Residence 14,000 96% 96%

Ciputra World Jakarta 2 Ext. The Newton 15,800 94% 22%

Tokopedia Care Tower 24,000 69% 82%

San Francisco 21,000 39% 79%

Office Tower 2 19,500 62% 0%

Amsterdam 25,500 85% 79%

318,905Vieloft SOHO 40,298 31% 12%

Office Tower 40,298 61% 5%

Voila Apartment 35,801 89% 100%

The Vertu 9,070 62% 13%

CitraLand Surabaya Denver Apartment 22,481 71% 2%

Total Surabaya 147,948Barsa City Yogyakarta Cornell 8,534 27% 0%

CitraPlaza Nagoya Tower 1 15,926 71% 0%

Vida View Apartment Tower B 24,640 32% 66%

515,953

Construction

Progress

Total Saleable

Area (sqm)

Sold

%

Total High-rise Projects

High-rise Project Tower

Total Jakarta

CitraGarden City Jakarta

Ciputra World Jakarta 1

Ciputra World Jakarta 2

Ciputra International

Ciputra World Surabaya

Total unsold high-rise area of 160,000 m²


Healthy Occupancy and Lease Expiry Profile for Malls

2013 2014 2015 2016 2017 3M18

Ciputra World Jakarta 1 81,000 100% 100% 100% 100% 100% 100%Ciputra World Surabaya 56,000 96% 98% 99% 95% 94% 94%Ciputra Mall Jakarta 42,700 97% 97% 98% 95% 97% 98%Ciputra Mall Semarang 20,190 100% 90% 98% 99% 100% 99%

Ciputra Mall CitraRaya Tangerang 26,000

Ciputra World Surabaya Extension 37,300

Net Leasable

Area (m²)Mall

Planned completion end-2019

Planned completion early-2020

Occupancy Rate

Expansion Plans

11%13%

6%

16%

54%

-

20,000

40,000

60,000

80,000

100,000

120,000

2018 2019 2020 2021 2022 Onwards

Lease Expiry Profile (by NLA)(m²)

Total mall NLA of 200k m² with average occupancy rate of 98%


Continued Strong Performance of Diversified Recurring Assets

Revenue per Available Room (RevPAR) across hotels

Hospital Assets

Rp '000 2014 2015 2016 2017 3M17 3M18 % YoY

Ciputra World Jakarta 1 (Raffles Hotel) - - 813 1,520 1,874 1,355 -28%

Ciputra World Surabaya Hotel - 419 482 504 505 424 -16%

Ciputra Hotel Jakarta 453 404 393 391 317 471 48%

Ciputra Hotel Semarang 373 400 427 443 389 414 6%

CitraDream Hotel Bintaro - - 281 245 242 214 -12%

CitraDream Hotel Cirebon 110 135 148 122 101 107 6%

CitraDream Hotel Yogyakarta 279 266 254 160 111 148 34%

CitraDream Hotel Semarang 128 179 169 162 119 114 -4%

CitraDream Hotel Bandung 152 229 207 148 137 153 12%

Hospital Project LocationStart

Operation

Total

Area (Ha)

Capacity

(Beds)Remarks

Ciputra Hospital Jakarta CitraRaya Tangerang (Greater Jakarta) Nov-11 1.2 126 CTRA's first healthcare project

Ciputra Hospital Tangerang CitraGarden City (Jakarta) Dec-15 1.2 236 -

Ciputra Mitra Hospital CitraLand Banjarmasin (Kalimantan) Nov-16 1.5 168 JV with Mitra Group


Debt Profile

15%13% 12%

32%

14%

4%3%

4%2%

9.0%

12.7% 12.1% 11.7%10.3%

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Short Term Bank Loan Maturity Long Term Bank Loan Maturity Bonds and Notes Payable Maturity Borrowing Cost

Fixed24%

Floating76%

Foreign Currency

22%

Rupiah78%

As of Mar-18Total Borrowings: Rp7.8tn

(Rp tn)

Maturity Profile (% of total debt)

Borrowing Cost*

*Borrowing Cost calculation includes capitalized interest expense of Rp72bn, 96bn, 74bn, 131bn, 179bn in 2013, 2014, 2015, 2016, and 2017.


Capex Schedule

2.1

0.9

1.9

0.4

2015 2016 2017 3M18

Rp tn

Historical Capex

Land for Development

85%

Office for Lease3% Hotel

1% Mall2%

Others10%

3M180.4tn

• Land acquisition capex largely for land reclamation project in Makassar


Financial Highlights

5,077

6,340

7,514 6,739 6,443

1,271 1,358

2013 2014 2015 2016 2017 3M17 3M18

Revenue

2,546

3,330 3,724

3,290 3,019

604 629

50%

53%

50% 49%47%

48% 46%

2013 2014 2015 2016 2017 3M17 3M18

Gross Profit

Gross Profit Gross Margin

1,303

1,685 1,645

1,021 894

216 125

26% 27%22%

15% 14%

17%9%

2013 2014 2015 2016 2017 3M17 3M18

Net Profit

Net Profit Net Margin

-15% -7% 10% 17% 22% 28% 28%

1.6 1.4 1.4 1.5

1.9 1.9 2.0

2012 2013 2014 2015 2016 2017 3M18

Key Ratios

Net Debt to Equity Current Ratio

(Rp bn)

(Rp bn)

(Rp bn)


Balance Sheet Summary

Mar 2018 Dec 2017 Dec 2016 Dec 2015

Assets 32,290 31,706 29,072 26,259

Cash & cash equivalents 3,379 3,229 3,468 3,034

Land 11,831 11,391 10,016 9,229

Others 17,080 17,086 15,589 13,995

Liabilities 16,717 16,255 14,774 13,209

Debt 7,794 7,558 6,662 5,277

Advances from customers 6,648 6,455 5,851 5,732

Others 2,274 2,242 2,262 2,200

Equity 15,573 15,451 14,298 13,050

Minority interests 2,100 2,073 1,654 1,541

Equity net of minority interests 13,472 13,378 12,643 11,510

Debt to Total Equity 50% 49% 47% 40%

Net Debt to Total Equity 28% 28% 22% 17%

Rp bn


Growth Strategy

• Retain healthy land bank levels (currently sufficient for >15 years of development) by continuously replenishing land bank in existing projects while searching for new strategic locations

• Sustain wide geographical footprint (currently have a presence in 33 cities) to allow diversification of products and target market while minimizing concentration risk

• Continue to leverage on the Ciputra brand equity by continuing Joint-Operation schemes with land owners

• Maintain prudent capital management (net gearing at 0.28x as of 3M18) with a well-balanced debt maturity profile and mixed sources of funding

• Create innovative product launches to best cater to existing demand by capitalizing on the flexibility given by ample and diverse land bank

• Increase portion of recurring income while simultaneously boost synergy by focusing on complimentary amenities within existing developments (e.g. malls, hospitals, and offices)


Location

Launch

Development plan

Market segment

Pre-sales 1Q18

Selling price per unit

Average unit selling price

Average land selling price

Unit sold

Others

CitraLand City Losari Makassar

Makassar, South Sulawesi

October 2015

157 ha (sold 7 ha)

Middle to high

Rp 222 billion

Rp 2.2 billion to Rp 57.5 billion

Rp 5.7 billion

Rp 15.3 million

39 units

Grand-launching event in Mar-18 to celebrate 100% land reclamation process for 1st phase (100Ha)

Key Projects 2018


CitraRaya Tangerang

Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

Tangerang, West of Jakarta

1994

2,760 ha (sold 826 ha)

Middle-low to middle-high

Rp 127 billion

Rp 260 million to Rp 2.4 billion

Rp 749 million

IDR 4.2 million

169 units

-

Key Projects 2018


CitraMaja Raya Banten

Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

Lebak, Banten, West Java

November 2014

1,200 ha (sold 121 ha)

Middle to middle-low

Rp 112.7 billion


IDR 270 million

IDR 1.3 million

418 units

-

Key Projects 2018


Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

Key Projects 2018

CitraLand Surabaya

West Surabaya

1993

1,700 ha (sold 723 ha)

Middle to middle-high

Rp 109.5 billion

Rp 550 bllion to Rp 3.9 billion

Rp 2.2 billion

Rp 8.5 million

49units

Launched new commercial cluster – Palma Galeria 3 in Feb 2018. Pre-sales was recorded at Rp 51.2 billion.


Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

Key Projects 2018

CitraLand Cibubur

Greater Jakarta

May 2017

200 ha (sold 3 ha)

Middle to middle-low

Rp 61billion


IDR 1.1 billion

IDR 4.1 million

57 units

A joint venture project.Launched new commercial cluster - The Avenue in Mar 2018. Pre-sales was recorded at Rp 58 billion


CitraGarden City Jakarta

Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

Kalideres, West Jakarta

1984

444 ha (sold 364 ha)

Middle to high

Rp 43 billion


Rp 2.1 billion

Rp 15.3 million

23 units

-

Key Projects 2018


Location

Launch

Development plan

Market segment

Pre-sales 1Q18




Unit sold

Others

CitraLand Talassa City Makassar

Makassar, South Sulawesi

May 2017

69 ha (sold 6 ha)

Middle

Rp 40 billion


Rp 1.3 billion

Rp 4.6 million

30 units

A joint-operation project

Key Projects 2018

Appendix

A: New Corporate Structure Post Merger

B: Corporate Milestones

C: Competitive Strength

D: Project Portfolio

E: Management Team

F: Company Awards

G: Indonesia Macroeconomics


New Corporate Structure Post Merger


Corporate Milestones

2006 : - Issuance of 2.4 billion shares withoutpre-emptive rights for debt settlement

- Rights Issue II2007 : IPO of PT Ciputra Property Tbk (CTRP)2015 : Share dividend distribution2016 : Share dividend distribution

Merger plan with CTRS and CTRP

Developed and launched:2007 : Ciputra World Surabaya2008 : Ciputra World Jakarta2009 : CitraLand Celebes Makassar, our first

project in Sulawesi2011 : Ciputra Hospital Tangerang, our first health

care project 2012 : CitraDream Hotel Cirebon, our first budget

hotel2013 : Ciputra Beach Resort Bali, our first resort

development 2015 : CitraLand City Losari in Makassar, our first

reclamation residential project2016 : Ciputra Mitra Hospital, our first health care

project in Kalimantan

1997 : Economic crisis hit Indonesia. Start of debt restructuring process

1999 : PT Ciputra Surya Tbk (CTRS)’s listing on JSX

2000 : Bonus shares distribution

Developed and launched:2005 : CitraGarden Lampung in Sumatra and

CitraGarden Banjarmasin in Kalimantan, marking the beginning of business expansion outside of Java

h

1994 : IPO and listing on JSX1995 : Issuance of Notes (US$ 100 million)1996 : - Rights issue I

- Listing on SSX- Issuance of bond (Rp 150 billion)- Issuance of TLCF (US$ 25 million)

(Transferrable loan certificate facility)

Developed and launched:1984 : CitraGarden City, our first project, in West Jakartaz1993 : - CitraLand, our first and largest township project in Surabaya

- Ciputra Mall & Hotel Jakarta, our first commercial project1994 : CitraRaya Tangerang, our largest township development

project, covering an area of more than 2,700 ha

Established under the name of PT Citra Habitat Indonesia

Project Development -> OVER 30 YEARS EXPERIENCE………..

Capital raising & corporate actions -> STRENGTHEINING OUR FINANCIAL POSITION TO SUPPORT BUSINESS EXPANSION………..


Geographically Diversified Project Portfolio

Cilegon

SemarangSurabaya

Banjarmasin

Balikpapan

Samarinda

B. Lampung

Palembang

JAVA

Makassar

CitraGarden CityCitraRayaCitraIndahCitraLakeCitraTowers KemayoranCitraLand

CitraGarden CityCitraRayaCitraIndahCitraLakeCitraTowers KemayoranCitraLand

CitraGardenCitraLandCitraGardenCitraLand

Ciputra Mall & HotelCitraDream HotelCiputra Mall & HotelCitraDream Hotel

CitraLandCitraHarmoniCitraGardenCitraIndahThe Taman DayuCitraLand Green Lake

CitraLandCitraHarmoniCitraGardenCitraIndahThe Taman DayuCitraLand Green Lake

CitraGrand City CitraGrand City

CitraGardenCitraLandBizPark Commercial Estate

CitraGardenCitraLandBizPark Commercial Estate

Citra BukitIndahCitraCityCitra BukitIndahCitraCity

CitraLand CityCitraGrand Senyiur CityCitraGarden City

CitraLand CityCitraGrand Senyiur CityCitraGarden City

SidoarjoPandaan

Ciputra Mall & HotelSomerset Grand CitraCiputra WorldCiputra HospitalCiputra HospitalDIPO Business CenterCitraDream HotelCiputra InternationalCiputra World 2 Extension

Ciputra Mall & HotelSomerset Grand CitraCiputra WorldCiputra HospitalCiputra HospitalDIPO Business CenterCitraDream HotelCiputra InternationalCiputra World 2 Extension Ciputra Golf

Ciputra WorldCiputra GolfCiputra World

KALIMANTAN

56

CitraGreen DagoCitraGreen Dago

Bandung

CitraLand CelebesCitraGardenVida View ApartmentCitraGrand Galesong CityCitraLand City LosariCitraLand Talassa City

CitraLand CelebesCitraGardenVida View ApartmentCitraGrand Galesong CityCitraLand City LosariCitraLand Talassa City

CitraSun GardenCitraGrandCitraLand BSB

CitraSun GardenCitraGrandCitraLand BSB

CitraLand NGKCitraRaya CityCitraLand NGKCitraRaya City

Jambi

Pekan Baru

CitraLandCitraGardenCitraLandCitraGarden

CitraLandCitraLand

Kendari

CitraGardenCitraGardenCitraLandCitraLand

Denpasar

Tegal

CitraLandCitraLandJogjakarta

CitraLand Botanical CityCitraLand Botanical City

Pangkalpinang

CCitraSun GardenCitraGrand Mutiara

CCitraSun GardenCitraGrand Mutiara

Medan

CitraLand Bagya CityCitraLand Bagya City

Palu

CitraLandCitraLand

Jakarta

Pekalongan

Banjarbaru

CitraMitra CityCitraMitra City

Depok

CitraLandCitraLand

CitraLand MegahCitra AeroLinkCitra Plaza

CitraLand MegahCitra AeroLinkCitra Plaza

Tangerang

CitraGarden BMWCitraGarden BMW

Batam

Cirebon

CitraDream HotelCitraDream Hotel



Bengkulu

Ciputra Mitra HospitalCiputra Mitra Hospital

Ciputra Beach ResortCiputra Beach Resort

Lebak

Serang

CitraMaja RayaCitraMaja Raya

CitraLand PuriCitraLand Puri

Malang

CitraGarden CityCitraGarden City

CitraGarden Aneka CitraGarden Aneka

Pontianak

The NivataThe Nivata

Townships & residential projects

projects in 33 cities

Commercial property projects19


Greater Jakarta Project Portfolio


We are well positioned in Indonesia’s current property outlook

because of the following factors:

Focus on real estate business

Most diversified in market targets, products offered & project locations

Large land bank at prime locations to support future growth

Reputable brand & experienced management team

Increase in housing needs

Urbanization trends

Change in customers’

lifestyle

Potential economic

growth

Government stimulus plan

Availability in mortgage

facility

Stable political outlook

BUSINESS PROSPECT

Steady launch and development of pipeline projects

Competitive Strength


Experienced Management Team

Artadinata Djangkar

Board of Commissioners Board of Directors

KodradiIndependent member

DR. Ir. CiputraChairman

Dian Sumeler Candra CiputraPresident

Harun HajadiRina Ciputra S. Junita Ciputra

Sandra Hendharto Henk WangitanIndependent member

Thomas BambangIndependent member

Cakra Ciputra Budiarsa Sastrawinata

Agussurja Widjaja MI Meiko Handojo Sutoto YakobusNanik J. Santoso

Bing Sugiarto C. Tanan H. Antonius Tulus SantosoCorporate Secretary


Company Awards

100 Fastest Growing Company Award 2017:2nd Place in Property, Real Estate and Construction Sector

Indonesia Most Innovative Business Award 2017:Winner in Property and Real Estate Category

IAIR Award 2017:Company of the YearIndonesia Property and Real Estate

Indonesia Top Ten Developers 2017

Indonesia Most Admired Companies Award2017:Winner in Property Category

Indonesia Most Admired Companies Award2017:Top 15

Corporate Image Award 2017:The Best in Building and Managing Corporate ImageCategory: Housing Developer

Emiten Pilihan Analis dalam ProgramYuk Nabung Saham 2017


Corporate SecretaryPT. CIPUTRA DEVELOPMENT TBK

Ciputra World 1DBS Bank Tower 39th FloorJl. Prof. DR. Satrio Kav. 3-5Jakarta 12940 - INDONESIAPhone : +62 21 29885858 / 6868Fax : +62 21 29888787Email : [email protected] : www.ciputradevelopment.com

Investor Relations


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The content of this material are provided on a strictly private confidential basis and shall be the proprietary of PT. CIPUTRA DEVELOPMENT Tbk. Information contained in the material are intended for information purpose and does not constitute or form part of an offer solicitation, invitation or inducement to purchase or subscribe for any securities of the PT. CIPUTRA DEVELOPMENT Tbk. or any contract or commitment whatsoever, and further is not intended to be distributed, reproduced or copied at any time to any party without prior written consent of PT. CIPUTRA DEVELOPMENT Tbk. The communication of this information herein is restricted by law, it is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation in such jurisdiction.

The information and opinions contained in this material have not been independently verified, and no representations or warranties (expressed or implied) is made as to, and no reliance should be placed on the fairness, accuracy, completeness, correctness, omissions of the information or opinions contained herein. It is not the intention to provide and you may not rely on this material as providing a complete or comprehensive analysis of the condition (financial or others), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this material are provided as at the date of this presentation and are subject to change without any notice. The company (including any of its subsidiaries, shareholders, affiliates, representatives, partners, directors, employees, advisers or agents) shall have no responsibility or liability whatsoever (in negligence or otherwise) for any direct, indirect or consequential loss and/ or damages arising from the use of this materials, contents, information, opinions or communication therewith.

This presentation may contain forward-looking statements and assumptions that are subject to various risks and uncertainties which may change over time and in many cases are outside the control of the company. Therefore, actual performance, outcomes and results may differ materially from those expressed in the statements. You are advised and cautioned not to place undue reliance on these statements, which are based on current view of management on future events.

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@ PT Ciputra Development Tbk

Documents

Results Presentation (3M18) - Ciputra Development