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April 2018
Investor Presentation
PT Kawasan Industri Jababeka Tbk.
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1
Leading township developer & infrastructure powerhouse
PT Kawasan Industri Jababeka Tbk. ("KIJA") is a leading township developer with an established track record in industry-based townships supported by residential & commercial components...
KIJA overview Business segments
Established in 1989 and became the first publicly listed industrial estate developer in Indonesia in 1994
Kota Jababeka, KIJA's flagship development, is a mature industry-based integrated township in Cikarang with on-site power plant and dry port
Pipeline projects: Kendal Industrial Park – Park by the Bay in Central Java, tourism-based township in Tanjung Lesung, Banten and a tourism development project in Morotai
Large and strategically located land bank of 3,376 hectares as of 31 December 2017
PT Kawasan Industri Jababeka Tbk
Real Estate Infrastructure
Industrial
Residential
Commercial
Power
Infrastructure
Dry Port
Vision: To Create Modern Self Sustained Cities in Every Province in Indonesia and Provide Jobs for Better Life
FY17 Revenue Breakdown (%) (Rp 2,995 billion)
FY17 Gross Profit Breakdown (%) (Rp 1,137 billion – 38% GPM)
…with world class infrastructure to support its development
Real Estate & Others, 41%
Power Plant, 45%
Infrastructure & Port, 14%
Real Estate & Others, 63% Power Plant, 20%
Infrastructure & Port, 17%
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Established track record in large-scale industrial estate + infrastructure
1989 1994
1996
2001
2003
2010
2011
2016
Jababeka Group established and started development of the industrial estate
IPO on Jakarta and Surabaya Stock Exchange
Acquisition of Menara Batavia in Jakarta CBD
Inauguration of Education Park, including President University
Commenced development of Jababeka CBD
Cikarang Dry Port begins operations
Acquisition of 1,500 ha land in Tanjung Lesung, Banten
Bekasi Power Plant commenced operations
Groundbreaking Kendal Industrial Park – Park by the Bay
Supply Chain Asia Awards 2014 Asia Logistics Centre/Park of the
Year
#1
Frontier Consulting Group Award 2014 #1 Corporate Image
Industrial Estate
Fortune Indonesia - 2015 Best Company award
#1
Investor Magazine - 2012 Top 10 Best performing
listed companies and Best listed company in property
2013
#1
Ministry of Industry - 2015 Best Industrial Estate –
Infrastructure & Facilities
#1
Indonesia Property Watch- 2015
The best township development concept
2014
D’Khayangan Senior Living Launched
Selected awards
SWA Magazine - 2016 Top 25 Most Creative
Companies in Indonesia
More than 25 years track record in industrial township development
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Sizeable land bank in strategic locations with upside potential
Karawang
Note: 1 Land bank as at 31 December 2017
Most established industrial area in Greater Jakarta, home to >2,000 local and multinational companies
Designated as a Special Economic Zone
Designated strategic estate status under presidential decree
Fully integrated and matured city development 35km east of Jakarta, 45mins from Jakarta’s CBD
Strategically located along the Jakarta-Semarang-Surabaya Economic Corridor
Envisaged to become a first-class integrated resort destination for both domestic and international tourists Offers a deep pool of young
and skilled labour at a competitive cost
Located 170km southwest of Jakarta and covers 1,500 ha of untouched peninsula facing the Indian Ocean
Tanjung Lesung Master plan: 1,551 hectares 170km southwest of Jakarta Land Bank: 1,537ha(1)
Kendal, Central Java Master plan: 2,700 hectares 450km east of Jakarta Land Bank: 582ha(1)
Kota Jababeka Cikarang Master plan: 5,600 hectares 35km east of Jakarta Land Bank: 1,228ha(1)
Kota Jababeka Cikarang
Kendal, Central Java
Semarang
Surabaya
Tanjung Lesung
INDONESIA
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4
Overview of Portfolio
Real Estate(1) Leisure & Hospitality Infrastructure
Kota Jababeka Education Park
Industrial
The Jababeka Industrial Estate
Residential D’ Cataluna
Candi Residence at D’Java
The Oscar Beverly Hills
D’Java Residence Tropikana Garden
Graha Asri Riverview Residence
Senior Living @D’Khayangan
Commercial
Education Park
Ruko D’Java Sentra Niagra Square
Movie Boulevard Cortes
Resto Plaza Trace
Rodeo Drive Hollywood Boulevard Ruko Green Market Kios Green Market
Riverwalk
Water Treatment Plant
Bekasi Power
Cikarang Dry Port
Golf & Country Club Waste Water Treatment Plant
Cikarang – Jababeka Golf & Country Club
Kota Jababeka President Lounge
Main Lobby, The President Lounge - Jakarta
Metro Suites Metro Hotel
Botanic Garden
Jababeka Botanic Gardens
Kota Jababeka
Three diversified pillars of growth underpinned by strong recurring revenue base
Magelang – Borobudur International Golf &
Country Club
Veranda
Boulevard Arcade
Ruko Hollywood Arcade
Thamrin Boulevard
East Park Commercial Centre
Note: 1 KIJA also owns 5,947 sqm of space in the Jakarta strata title building Menara Batavia and has title to 12,035.7 sqm in The City Center, a strata titled office tower adjacent to Menara Batavia
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Key credit strengths
1 Leading industry-based integrated township developer in Indonesia
Diversified land bank and projects
Stable, USD-denominated recurring income from infrastructure operations
Robust operating and financial performance
Clear strategic focus over different time frames
2
3
4
5
6
The ONLY industrial developer with on-site power plant and dry port
Experienced management team 7
Beneficiary of favourable macro and sector fundamentals 8
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Kota Jababeka — Flagship industry-based integrated township 1
1
2
3
4
Strategically located in Cikarang area, the most established industrial estate zone in Indonesia
Close to central Jakarta, sea-port, airport and accessible by both toll and railroads
Mature township with a well-established talent/labour pool supported by complementary facilities (residential, commercial, hospitality, etc)
Superior infrastructure facilities which serve to enhance Kota Jababeka's competitive positioning for customers
Toll Road
Future Toll Road
…and is home to over 2,000 local and multinational customers from over 20 countries
Kota Jababeka is a mature industry-based township strategically located in close proximity to Jakarta CBD, sea port and airport…
(in km) Distance from Kota Jababeka
Jakarta CBD 35
Seaport 55
Airport 65
Tanjung Priok Port
Heavy industries & Petrochemicals
DKI JAKARTA
South Tangerang
Tangerang
Soekarno-Hatta International
Airport
Bekasi Automotive, Consumer, Electronics & other Light
to medium industries
Kota Jababeka
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Kota Jababeka – Anchored by a blue-chip customer base
Portfolio of high quality customers Diverse mix of occupants across sectors (breakdown by number of occupants) – As of 31 Dec 2017
1
The portfolio of high quality multinational and domestic customers at Kota Jababeka is a testament to the township's strategic location and superior infrastructure facilities
Electronics, 11%
Customer Goods, 7%
Machinery, 7%
Chemicals, 6%
Automotive, 6%
Plastics, 5%
Foods, 5%
Building, 4% Metal Fabrication, 4%
Tekstile, 2%
Others, 44%
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Jababeka Residence – A City for Your World
Residential
Commercial
1
Elvis Tower
Housing clusters
High-rise residence Senior housing
D’Java Residence
The Veranda Tropikana Garden
Simprug Garden
D’Khayangan - Senior living
Simprug Plaza Sentra Niaga Square
Kota Jababeka has successfully achieved a critical mass of occupants which provides an opportunity to continue introducing complementary services and infrastructure to enhance the township's value proposition
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Kota Jababeka – Enhancing value through Joint Venture projects 1
PT Plaza Indonesia Realty Tbk PT PP Properti (Persero) Tbk
Mixed use superblock on a 12-ha site right next to the golf course Groundbreaking happened in June 2015; piling completed Launch imminent
Mixed use superblock on a 4.6-ha site
With 6 apartment towers and Japanese style mall
First apartment tower to be launched later this year
4 apartment towers strategically located near the toll exit
Catering to the lower end of the market
Tower 1 – Mahakam Tower – 90% sold out & topped off, hand-over expected late 2018
Tower 2 – Bengawan Tower – soft-launched with > 142 units sold
JV 2 30%
70%
JV 2 52.6%
47.4%
JV 1 70%
30% “MAYFAIR Estate
& Park Land” JV 1
49%
51% “Riverview Residence”
To be developed on 4-ha site adjacent to JV 1 Concept to be decided on at a later stage – to support / complement
JV 1
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Kota Jababeka – Kawana Golf Residence 1
Kawana Golf Residence is a JV between KIJA’s Jababeka Residence (60%) and Creed Group (40%) from Japan High-end golf view apartment tower with 234 units Total of 95% sold in 2 phases
Kawana Golf Residence – The One & Only Golf Residence in Indonesia
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Enhancing Kota Jababeka's value proposition: Bekasi Power Plant
Integrated Power Generation & Distribution Process
PLN
Factories
100% output to PLN
Buy back from PLN (+16% margin)
1
2
Direct sale to factories (+ margin)
3
Operational Highlights
130MW gas fired combined cycle plant
20 year 100% off-take agreement from Perusahaan Listrik Negara (“PLN”)
– Rate per KWH: ~US$11 cents – Average gas cost / MMBTU: ~US$9.0 – Fuel costs borne by PLN on a pass-through basis – Fully contracted gas supply – Flexibility to buy back power and resell it at a premium
In 2Q 2016, a leakage was found in a boiler of one of the Heat Recovery Steam Generators of the power plant. The repair was successfully completed in mid August 2016. During the repair, power plant operated at about 50% of the usual capacity
Financial Highlights
2
IDR billion Description 2014 2015 2016 2017
Net Dependable Capacity 118.8MW 120MW 120MW 121MW
Load Factor 108MW 110MW 93MW 109.1MW
Capacity factor 90.01% 90.01% 81.85% 87.95%
Equivalent Availability Factor 90.34% 96.39% 82.85% 94.53%
Planned Outage Factor 7.88% 3.09% 15.15% 5.00%
Equivalent Forced Outage Rate 1.78% 0.52% 2.00% 0.47%
Providing a significant marketing advantage over its competitors as access to reliable electricity supply is one of the primary concerns for industrial clients in Indonesia
KIJA is the only industrial estate developer in Indonesia with its own power plant located within its estate
1,062
1,267
1,499
1,310 1,360
82 155
215 164 232
7.7%
12.2% 14.3%
12.5%
17.1%
-3.0%
2.0%
7.0%
12.0%
17.0%
22.0%
-
200
400
600
800
1,000
1,200
1,400
1,600
2013 2014 2015 2016 2017Revenue Gross Profit Gross Profit Margin
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Enhancing Kota Jababeka's value proposition: Cikarang Dry Port 2
Notes:
1 Estimated % of total throughput at Tanjung Priok Port originating from this area
…with excellent transport connectivity
Strategic location in the heart of the largest manufacturing zone along the Bekasi-Cikampek industrial corridor…
International Port Code: IDJBK Surrounded by 11 Industrial Estates and more than 3,000 manufacturing companies
JABABEKA
MM 2100
EJIP LIPPO
HYUNDAI SURYA CIPTA
KIKC KIM
KBI
KIIC
GIIC
62%1
Cikarang
Utama Toll
Gate
New Toll
Gate KM 29
Flyover to
Jakarta
Highway
Exit KM 29
Enhanced Accessibility with New Toll Gate KM 29
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Enhancing Kota Jababeka's value proposition: Cikarang Dry Port Facilities & services offered at Cikarang Dry Port
2
Container Yard Reefer Services Terminal Operation 24/7
Bonded Trucking Container Freight Station
Rail Freight Service 24/7 Security
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
Bonded Logistics Center
Special Containers Handling
Integrated Customs & Quarantine Empty Container Depot Online Tracking & INSW Connected
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Enhancing Kota Jababeka's value proposition: Cikarang Dry Port
Overview
Since 2012, Cikarang Dry Port is an official port of origin and destination with international port code IDJBK – now connected with 29 major shipping lines
Integrated port and logistics facilities with multi modal transportation services
Besides export/import, CDP also serves as hub for domestic distribution via main railway line that runs from west Java to east Java
Bonded Logistics Centre (FTZ facilities) for Cotton & minerals/metals with a 2nd warehouse completed in 1Q 2017 to accommodate more cotton traders and other commodities
Revenue (IDR billion)
Throughput (TEU)
2
Selected customer & partner profile at Cikarang Dry Port Shipping Lines:
Third Party Logistics Provider (3PL):
Shippers / Consignees:
Strong momentum in CDP operations
…allowing customers to more efficiently manage their imports and exports and benefit from cost savings
Cikarang Dry Port (CDP) is the first and only integrated customs, quarantine and logistics facility in Indonesia…
62
78
120
151
171
-
20
40
60
80
100
120
140
160
180
2013 2014 2015 2016 2017
25,808
37,507
50,844
65,250
73,946
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2013 2014 2015 2016 2017
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15
210 344 415 424 419
15.5%
21.6% 22.2%
24.6% 23.6%
0.0%
5.0%
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
2013 2014 2015 2016 2017
Recurring EBITDA Recurring Revenue EBITDA Margin
Sizeable and stable USD-denominated recurring income base 3
Notes: 1 Recurring revenue/EBITDA includes contribution from power plant, dry port and service & maintenance fees 2 Comprises real estate, golf and other non-infrastructure segments
Real Estate(2)
Recurring(1)
2012
IDR 1,401 billion
IDR 2,799 billion
17%
83%
57% 43%
59% 41%
2014
2017
IDR 2,994 billion
1,592
1,349
1,868
1,723 1,774
…based on USD pricing terms (power & water), further enhancing stability and visibility of cash flows for Jababeka and also providing a natural hedge for its USD-denominated interest expenses…
The provision of these infrastructure services has enabled the progressive build out of a significant recurring revenue base…
Total Revenue & Breakdown Recurring revenue (IDR billion)
…Furthermore, US$ 200 million notional is hedged by means of call spreads with an average lower strike of 13,021 Rupiah and an average upper strike of 15,997 Rupiah
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Diversified land bank 4
Positioning
Real Estate(2): 41% Recurring(3): 59%
Land Bank
Total(1): 3,347ha
Kota Jababeka
Kendal Industrial Park – Park by the Bay
Tanjung Lesung
Positioning Established MNCs and domestic companies willing to pay a premium for strategic location and mature township with top notch infrastructure in place
More cost-conscious customers looking for an alternative to Greater Jakarta industrial estates that still provides top notch infrastructure
Tourism, leisure and hospitality focused integrated township to tap into entertainment/leisure spending by rising middle class in Indonesia
Notes: 1 As per 31 December2017 and excluding Morotai, with 29ha of land bank 2 Comprises real estate, golf and other non-infrastructure segments 3 Recurring revenue includes contribution from power plant, dry port and service & maintenance fees
…in addition to benefiting from future infrastructure developments across its land bank locations
A geographically diversified land bank allows KIJA to capture different market segments and enhances earnings resilience…
Diversified by geography, positioning and segment
Well diversified across multiple segments (Breakdown of segments by 2016 revenue contribution)
19.7% 5.0% 5.5% 4.2% 1.6%
2.2% 2.6%
45.4% 13.8%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0%
Land Industrial Commercial Residential Tourism Golf Others Power Plant Service & Maintenance
1,228ha 582ha 1,537ha
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Diversified projects: Kendal Industrial Park – Park by the Bay 4
Tanjung Emas International Seaport (Indonesia's 3rd largest) 25 km
Ahmad Yani International Airport 20 km
Semarang (Central Java capital) 21 km
Semarang
Tanjung Emas Seaport
Ahmad Yani Int'l Airport
Kendal Port
Total planned area: 2,700 hectares
Phase 1: 860 ha (582 hectares as of 31 December 2017)
49% 51%
Distance to Kendal Industrial Park – Park by the Bay
…and complemented by KIJA’s long track record and experience in Indonesia industrial estate developments and infrastructure operations
Kendal Industrial Park – Park by the Bay benefits from Sembcorp's expertise in developing and marketing industrial zones across Asia (China, Vietnam, Batam, Bintan, etc)…
Kendal Industrial Park – Park by the Bay is a JV between KIJA and Sembcorp
Excellent connectivity to major infrastructure in Central Java
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Official opening ceremony on November 14th 2016 by the President of Indonesia, Mr Joko Widodo, and the Prime Minister of Singapore, Mr
Lee Hsien Loong
Diversified projects: Kendal Industrial Park – Park by the Bay 4
Key Highlights
Kendal Industrial Park – Park by the Bay offers customers an affordable product with top notch infrastructure
Low labour costs in Central Java makes Kendal Industrial Park – Park by the Bay particularly interesting for labor intensive industries
Kendal Industrial Park – Park by the Bay is situated along the Jakarta-Semarang-Surabaya Economic Corridor
Increasing traffic congestion at Tanjung Priok Port in Jakarta has led to growing interest in alternative sites with good connectivity via air and sea
Our Kendal Industrial Park – Park by the Bay development in Central Java is well-positioned to benefit from growing demand for relatively low cost industrial estates with good connectivity and competitive labor costs
Diverse mix of occupants across sectors (breakdown by number of occupants) – As of 30 September 2017
Manufacturing, 34%
Logistics, 19%
Building Materials, 16%
Furniture, 13%
F&B, 9%
Others, 9%
Need to
update
customer mix
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Diversified projects: Kendal Industrial Park – Park by the Bay 4
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Diversified projects: Tanjung Lesung 4
President Joko Widodo speaking on Tanjung Lesung’s designation as Special
Economic Zone for Tourism
Tanjung Lesung overview
Location ~ 170 km southwest of Jakarta in Banten
Concept Tourism-based integrated township (hotels, apartments, sailing, diving & beach clubs)
Access Currently accessible by toll road from Jakarta in ~ 3.5 hours
Australia
Indonesia
Malaysia
Singapore
Tanjung Lesung
Merak
Anyer Krakatau Mountain
Labuan
Pandeglang
Panimbang
Future Toll road
Panaitan Island
Ujung Kulon National Park
Jakarta Serang
Jakarta-Merak Toll Road
SOEKARNO – HATTA International Airport
Tanjung Lesung
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Diversified projects: Tanjung Lesung 4
Strong government support for development of Tanjung Lesung
One of 10 New Tourism Destinations in Indonesia that the Indonesian Government is promoting
New toll road from Serang Timur to Panimbang: A consortium led by PT Wijaya Karya Tbk (Persero) won the tender for this project, land acquisition and preparations for construction are underway
Tanjung Lesung has been designated as Special Economic Zone for Tourism
Facilities and infrastructure at Tanjung Lesung
Existing infrastructure includes access roads, a water treatment plant, wastewater treatment plant, electricity supply and telecommunication links
Visitors currently have access to ~ 300 rooms spread out over two hotels/resorts, a bed and breakfast and several cottages
Other facilities: restaurant and bar, driving range, a swimming pool, a spa, a beach club, a sailing club, school, mosque, residential housing units, and a medical clinic
…is expected to increase interest from potential investors/partners for the project
Villa with private pool at Tanjung Lesung
Golf course
Aerial view
Strong government support for Tanjung Lesung's development as a tourism zone...
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Diversified projects: Tanjung Lesung 4
KALICAA VILLA
Current property products
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Morotai is a Special Economic Zone for tourism and 1 of 10 new tourism destinations promoted by the government
Strategically located in the Halmahera group of eastern Indonesia’s Maluku islands, in the heart of Pacific Asia in between Asia and Australia
3 hours flight from Singapore and Taipei
Morotai
Beach view at Morotai
Evening view at Morotai
Great potential for tourism, agricultural and fishing industries and as a logistics hub
PT Jababeka Morotai has been appointed as the implementing entity of the Morotai development project by the Coordinating Ministry of Economic Affairs of the Republic of Indonesia
Currently holds 29ha of land bank at Morotai for development
Future tourism and logistics hub strategically located in the heart of Pacific Asia with natural tropical beauty and World War 2 charm
4 Diversified projects: Morotai
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Clear strategic focus 5
Long Term Vision
Short Term Medium Term
Continue to develop and capitalize on Kota Jababeka Township
Further development of Kendal Industrial Park in partnership with Sembcorp in Central Java
Development of Tanjung Lesung tourism-based township
Replicate Kota Jababeka's industry-based integrated township model throughout Indonesia
Build out an infrastructure facility portfolio (power, water, ports, etc.) to support these new townships
KIJA's existing pipeline provides visible opportunities over different time frames
0
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25
101
399
331
427
150
0
50
100
150
200
250
300
350
400
450
2013 2014 2015 2016 2017
1,349 1,592
1,868 1,723 1,774
1,390 1,207
1,272 1,208 1,221
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2013 2014 2015 2016 2017Recurring revenue Real estate & other revenue
Strong financial performance... 6
Notes: 1 Approximate unrealized foreign exchange loss (non cash) for FY13: IDR 420 billion, FY14: IDR 65 billion, FY15: IDR 156 billion 2 Approximate unrealized foreign exchange gain (non cash) for FY16: IDR 135 billion, FY17: IDR 59 billion – and in FY17 additional 1-off expenses of Rp 175bn as a result of redemption of 2019 senior notes
Revenue breakdown (IDR billion) Gross profit (IDR billion) and Gross profit margin (%)
EBITDA (IDR billion) and EBITDA margin (%) Net income (IDR billion)
2,799 2,739
3,140 2,931 2,995
(1)
(1)
(1)
(2)
(2)
1,171 1,252
1,389
1,243 1,137
43% 45% 44%
42%
38%
20%
25%
30%
35%
40%
45%
50%
55%
60%
0
200
400
600
800
1,000
1,200
1,400
1,600
2013 2014 2015 2016 2017Gross profit Gross profit margin
1,019
1,130 1,167
1,025
914
37%
40%
37% 35%
31%
20%
25%
30%
35%
40%
45%
50%
55%
60%
0
200
400
600
800
1,000
1,200
1,400
2013 2014 2015 2016 2017EBITDA EBITDA margin
0
89
79
245
175
22
132
115
82
200
218
78
86
134
182
205
102
95
133
111
160
26
595 595 827 792 895 0
2,000
4,000
6,000
8,000
10,000
12,000
2013 2014 2015 2016 2017Cash and cash equivalents Total assets
Robust balance sheet position… 6
Notes: 1 Includes capitalized interest + Hedging Fees
Assets and cash (IDR billion) Debt, Equity (IDR billion) and Debt/Equity (x)
EBITDA/Interest expense (x)1 Net debt/EBITDA (x)
8,505 8,255
9,741 10,734 11,226
2,572 2,705
3,510 3,565
4,041 4,186
4,662 4,978
5,638 5,900
0.61 0.58
0.71
0.63
0.68
0.40
0.50
0.60
0.70
0.80
0.90
1.00
0
1,000
2,000
3,000
4,000
5,000
6,000
2013 2014 2015 2016 2017
Total debt Total equity Debt/Equity
3.8 3.8
3.4 3.1
2.3
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
2013 2014 2015 2016 2017
1.9 1.9
2.3
2.7
3.4
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2013 2014 2015 2016 2017
0
89
79
245
175
22
132
115
82
200
218
78
86
134
182
205
102
95
133
111
160
27
Experienced management team 7
Board of Commissioners
Board of Directors
Setyono Djuandi Darmono
President Commissioner
(Founder)
Bacelius Ruru
Vice President Commissioner
Independent Commissioner
Hadi Rahardja
Commissioner
(Founder)
Gan Michael
Commissioner
Budianto Liman
President Director
Setiawan Mardjuki
Director
Hyanto Wihadhi
Director
Sutedja Sidarta Darmono
Director
Tjahjadi Rahardja
Director
Ketut Budi Wijaya
Commissioner /
Independent Commissioner
Average of more than 25 years of industrial township development experience
0
89
79
245
175
22
132
115
82
200
218
78
86
134
182
205
102
95
133
111
160
28
6.2 6.0 5.6
5.0 4.9 5.0 5.1 5.2 5.1 5.0
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
175 221 270 307 366 397 431 76
92
128 156
180 216
262
251
313
398
463
546
613
693
0
100
200
300
400
500
600
700
2011 2012 2013 2014 2015 2016 2017
FDI Domestic Direct Investment Total
1,3
72
1
,33
9
32
7
26
1
20
8
19
7
19
1
16
5
14
7
12
9
12
8
10
5
10
5
96
9
3
83
8
1
81
8
1
69
6
6
65
5
9
57
5
7
53
5
1
50
4
9
46
-
200
400
600
800
1,000
1,200
1,400
1,600
Ch
ina
Ind
ia US
Ind
on
esia
Bra
zil
Pak
ista
nN
iger
iaB
angl
ades
hR
uss
ian
Mex
ico
Jap
anEt
hio
pia
Ph
ilip
pin
es
Vie
tnam
Egyp
tG
erm
any
Co
ngo
Iran
Turk
ey
Thai
lan
d UK
Fran
ceIt
aly
Tan
zan
iaSo
uth
Afr
ica
Mya
nm
arK
ore
aK
enya
Co
lom
bia
Spai
n
56 62 81
114 118
159 174 169
187 190
0
50
100
150
200
250
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Favourable macro and sector fundamentals
Source: Statistics Indonesia, EIU – April 2018
8
Source: BKPM
Source: EIU 2017 Estimated Population Data as of April 2018 Source: Colliers Indonesia International research Q4 2017
Strong real GDP growth outlook (%) Continued growth in direct investments – both FDI and domestic (IDR trn)
Sizeable domestic market size — world's 4th largest population Greater Jakarta average industrial land prices (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 & Communication
Electricity, Gas & Water Supply Construction
Favourable macro and sector fundamentals 8
Upgrading of Infrastructure
Capital spending on ailing infrastructure network gained traction from late 2015
Upgrades to ports, roads, toll roads and power plants − Jakarta airport railway − Trans-Sumatera toll road − New Jakarta container terminal (New Priok) − New Terminal 3 at Jakarta airport
Equity injections into infrastructure-related State Owned Enterprises (“SOEs”)
Further streamlining and improvements to the land acquisition process critical for infrastructure development and a bigger budget allocated to the new land acquisition agency
Deregulation of Investment and Tax Incentives
Improvement in investment climate via cutting red tape and easing bureaucracy
Restrictions on foreign participation in several logistics related sectors have been loosened
Licenses have already been granted to operate bonded logistics centre
Secured funding from international development agencies
Introduced many regulatory reforms to create a more conducive environment for private sector participation in infrastructure
1
2
Source: PWC: Indonesian Infrastructure Report ; Ministry of Finance; APBN 2018; BKPM
Government Budget on Infrastructure Spend in Indonesia (IDRtrn) Government initiatives to stimulate industry
FDI in Infrastructure-related Sectors in Indonesia (USDbn)
9,320 9,637 8,818 9,015
10,298 11,291
5,819
10,742
178
290 317
387 410
139
209
2014 2015 2016 2017 2018
Budget Actual