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INVESTOR RELATIONS News From
PT Bakrieland Development Tbk
June 2014
News From The Business Units - Page 2
Financial Summary 2013 - Page 1
Project Update - Page 3 & 4
Bakrieland’s consolidated net revenues in FY2013 rose by 13.6% to Rp 3,324.9 billion compared to FY2012, in which revenues were Rp 2,926.3 billion. Higher revenues in FY2013 were mainly contributed from land sales by City Property at Rasuna Epicentrum.
Gross profit increased 14.9% to Rp 1,847.8 billion compared to FY2012, which amounted to Rp 1,607.8 billion.
In 2013, operating profit sharply increased from Rp 783.5 billion in FY2012 to Rp 1,168.8 billion in FY2013.
Nevertheless, the company posted a net loss attributable to the ownership of the parent entity in 2013 as a consequences of registering impairment losses on investment for the SAN (subsidiary) to the amount of Rp 143.8 billion and losses for the sale of shares under the BJA (subsidiary) to the amount of Rp 863.5 billion.
On the other hand, the company profited from the sale of Pan Pacific Nirwana Bali Resort for Rp 646.7 billion. This financial gain allowed for a reduction in net loss attributable to the parent entity ownership from Rp 1,202.1 billion in 2012 to Rp 231.1 billion in 2013.
In 2013, Bakrieland recorded lower cash & cash equivalents amounting to Rp 140.5 billion or a decrease of 47.7% compared to the same period in 2012. The decrease of cash & cash equivalents was primarily due to payment of long-term loans (bank loans and bonds).
Trade receivables – third parties in FY2013 decreased 49.7% to Rp 412.6 billion compared to FY2012, due to the sale of 15% share ownership in BJA, therefore receivables from BJA amounted to Rp 174.6 billion, that are no longer consolidated.
In 2013, total assets decreased 19.3% from Rp15,235.6 billion in FY2012, to Rp 12,301.1 . This is principally due to decrease in land bank and fixed assets due to divestment of subsidiaries BJA and BNR.
In 2013, total liabilities decreased by 15.4% to Rp 5,135.7 billion compared to Rp 6,071.4 billion in 2012. This is primarily due to the settlement and payment of several long-term bank loans and due to related parties to Sentul City was no longer consolidated.
FINANCIAL SUMMARY 2013
PT Bakrieland Development Tbk – Investor Relations June 2014 I 1
(IDR billion) FY2013 FY2012(1) % Change
Net Revenues 3,324.9 2,926.3 13.6%
Gross Profit 1,847.8 1,607.8 14.9%
Operating Profit 1,168.8 783.5 49.2%
EBITDA 1,287.7 834.5 54.3%
Net Loss(2) (231.1) (1,202.1) (80.8%)
(IDR billion) FY2013 FY2012 % Change
Cash & cash equivalents 140.5 268.4 (47.7%)
Trade Receivables -Third Parties 412.6 820.4 (49.7%)
Inventories 1,079.4 1,695.4 (36.3%)
Land Bank 1,385.2 5,093.2 (72.8%)
Fixed Assets 1,620.8 3,498.0 (53.7%)
Other assets 7,662.6 3,860.2 98.5%
Total Assets 12,301.1 15,235.6 (19.3%)
Interest Bearing Liabilites 3,522.5 3,561.2 (1.1%)
Other Liabilities 1,613.2 2,510.2 (35.7%)
Total Liabilities 5,135.7 6,071.4 (15.4%)
Non-controlling Interest 70.3 1,858.0 (96.2%)
Equity(3) 7,095.1 7,306.2 (2.9%)
(IDR billion) FY2013 FY2012(1)
Gross margin 55.6% 54.9% 0.7%
Operating margin 35.2% 26.8% 8.4%
EBITDA margin 38.7% 28.5% 10.2%
Net margin (6.9%) (41.1%) 34.2%
ROA (1.9%) (7.9%) 6.0%
ROE (3.3%) (16.5%) 13.2%
Debt(4) to equity 49.7% 48.7% 1.0%
(1) restated due to plans for the sale of PT Samudra Asia Nasional
(2) loss for the year attributable to parent entity
(3) equity attributable to parent entity
(4) interest bearing liabilities
In line with the high demand of sector property in Yogyakarta,
on 23 April 2014, PT Graha Multi Insani (GMI) held the ground
breaking of Hadiningrat Terrace, located on Jl. Prof DR Sardjito,
Yogyakarta. Hadiningrat Terrace is a 272 units project which
commenced pre-sales in December 2013, and has now
achieved sales in excess of 65% by end June 2014.
PT Graha Multi Insani remains optimistic with the positive
response given by the community, Hadiningrat Terrace can be
sold out by end of 2014. On the same day, GMI held the topping
off of the Awana Condotel project with 296 units, which are
located on Jl. Mayjen Sutoyo, Yogyakarta. All units have now
been 100% sold.
In addition to the Hadiningrat Terrace and Awana Condotel, on
that day PT GMI also introduced the latest project, the Awana
Town House Premium range. The residences are located in the
exclusive area of Awana Yogyakarta. Awana Townhouse
Premium is built with the emphasis of traditional ethnic themes,
that presents a different theme to each unit of the 12 units.
NEWS FROM THE BUSINESS UNITS
In 20 June 2014, City Property business unit held the topping
off Ocea Condotel, which launched back in June 2012.
This event attended by Board Of Directors PT Bakrie Swasakti
Utama, Mr. Bill Vincent (Regional Director of Operation &
Project Swiss – Belhotel) and Mr R.A Zein Wargadibrata
(Branch Manager K.C Cawang Bank BTN).
Ocea Condotel has the concept of modern minimal architecture,
located in Rasuna Epicentrum. Ocea Condotel sits on 12.582
m2 land area, consists of 32 floors and 324 units with facilities
include: resort swimming pool, meeting room, coffee shop and
lounges. Around 52% units already sold by June 2014.
Ocea Condotel will be operated by Swiss Bell Hotel as a four
star hotel/condotel. Swiss Bell Hotel operates over 30
properties throughout Indonesia and will provide all the
conveniences for guests as well as a profitable return for
investors.
Ground Breaking Hadiningrat Terrace, Topping Off Awana Condotel & Launching Awana
Town House Premium in Yogyakarta
Topping Off Ocea Condotel in Rasuna Epicentrum
PT Bakrieland Development Tbk – Investor Relations June 2014 I 2
PROJECT UPDATES
PT Bakrieland Development Tbk – Investor Relations June 2014 I 3
SENTRA TIMUR RESIDENCE
• Total land area : 32.343 sqm • Launched:
Phase 1A : April 2008
Phase 1B : April 2012 Total units : Phase 1 A : 1.327 units (Unit Sold 88%) Phase 1 B : 885 units (Unit Sold 60%)
• Construction Progress : Phase 1A 100%
Phase 1B 65%
• Price Range : $ 27.000 – $ 33.000 / unit
• Total land area & Total Unit : CP 1 : 1.995 sqm / 11 units
CP 2 : 2.966 sqm
/ 15 units
• Launched : CP 1 : July 2011
CP 2 : April 2012
• Total units Sold (average) : 85%
• Construction Progress : CP 1 : 100%
CP 2 : 60%
• Price Range : $ 210.000 / unit
COMMERCIAL PARK (CP 1& 2) MUTIARA PLATINUM
• Total units : 11
• Total land area : 2.055 sqm • Launched : 20 October 2012
• Total units Sold (average) : 60%
• Construction Progress : 80%
• Price Range : $ 190.000 / unit
GRAND MUTIARA PLATINUM
• Total units: 14
• Total land area : 2.220 sqm • Launched : November 2013
• Total units Sold (average) : 15%
• Construction Progress : Infrastructure 85%
• Price Range : $ 200.000 / unit
COMMERCIAL PARK 7
• Total units : 17
• Total land area : 3.958 sqm • Launched : December 2013
• Total units Sold : 40% • Construction Progress : Preparation stages
100% • Price Range: $ 310.000 / unit
A four star strata hotel with 324 units
Construction progress 63%
Total Units Sold : 52%%
Target completion in 4Q2014
Average price :$ 140.000 / unit
Average price : $ 3.400 / sqm
2 mid-segment condominium towers with 676 units
Total Units Sold : 98,5%
Construction progress 100%
Completed 4Q2013
Average price : :$ 100.000 / unit
Average price : :$ 2.000 / unit
2 mid-up segment condominium towers with 440 units
Total Units Sold : 67%
Construction progress84%
Target completion in 3Q2014
Average price : :$ 255.000 / unit
Average price : :$ 2.700 / sqm
A five star strata title hotel with 151 units
Total Units Sold : 74%
Construction progress 100%
Completed in 4Q2013
Average price : :$ 155.000 / unit Average price : :$ 2.400 / sqm
Land Area : 1.5 ha
Total Tower : 3 towers
Total unit : ± 1.200 units
Launched : April 20th 2013 (Wing
Azure)
Progress Sold 45%
Launched : June 1st 2013 (Wing
Balfour)
Progress Sold 27%
Average price : :$ 30.000 / unit
Dry theme park
Land Area : 5.5 ha
Opened : Dec 2013
Target Visitor : 1 million/year
Features : Theme Park, Jungle Bazaar (Center
of Arts, Handy craft and Local & Int’l
Culinary cuisine) , Family Rides,
Education Zone, Petting Zoo, Garden
Festival, Carnival Show, Light Show,
Branded Restaurant
Land Area : 3.7 ha
Total Units : 98
Launched : March 2012
Total Units Sold : 98%
Average price : :$ 100.000 / unit
Average price : :$ 700 / sqm
Land Area : 6.2 ha
Total Units : 75
Launched : March 2012
Total Units Sold : 48%
Average price : :$ 300.000 / unit
Average price: :$ 900 / sqm
JUNGLE SKY JUNGLE FEST INDIGO CLUSTER OLIVE CLUSTER
PT Bakrieland Development Tbk – Investor Relations June 2014 I 4
PROJECT UPDATES
OCEA CONDOTEL THE GROVE SUITES THE GROVE
CONDOMINIUM THE WAVE
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