PT Intiland Development Tbk
Citi Indonesia Industrial Estate Corporate Day
3 – 6 September 2012
INTRODUCTION
We are one of the most experienced premium developers in Indonesia
with almost 40 years of heritage
„ We have been developing Industrial Estates since 1991
„ One of the first listed property developers in Indonesia (1990)
Our Core Portfolios
Industrial
Townships &
Estates
Mixed-Use &
High-Rise
Hospitality
Private & Confidential
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INDUSTRIAL ESTATES
OVERVIEW OF INDUSTRIAL ESTATES IN INDONESIA
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Strong domestic and foreign direct investment growth of 27 ‟ 28% CAGR in 2006 ‟ 2011
Industrial land sales grew from over 550 Ha in 2010 to around 1,200 Ha in 2011
In 1Q 2012, the average industrial land price rose 15-20% QoQ
Supply expected to be steady causing the price to continue trending upwards
Manufacturing utilization as of 1Q 2012 was 70-71%, suggesting more capex investment
Cumulative Demand and Supply for Industrial Land
Private & Confidential
Annual Industrial Land Sales
4
OVERVIEW OF INDUSTRIAL ESTATES IN EAST JAVA
 Based on the data from the Government of East Java, the investment growth in East Java in the
past couple of years has reached 240 %
 According to BPM (Investment Board for East Java), target investment in 2012 approx.
USD 14 Billion or 20% increase from 2011
Source: HKI
Private & Confidential
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OVERVIEW OF INDUSTRIAL ESTATES IN EAST JAVA
Factors supporting the growth of Industrial Estates in East Java:
 Government Regulation No. 24/2009 requires every new industry to enter into an industrial estate
 The masterplan of Ministry of Industry to accelerate the development of 9 main industrial
estates area including East Java
 As a gateway for the companies to reach East Indonesian market
 Recent trend shows well known factories in West Java start expanding to East Java, such as
ceramic and consumption products factories
 The development of Trans Java Toll Road will link West Java and East Java providing faster
distribution of materials and products
Trans Java Toll Road will link West Java and East Java
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NGORO INDUSTRIAL PARK
 Strategic location
- Located in Mojokerto, East Java
- Direct access to toll road
- 45 Km from Surabaya
- 55 Km from Seaport Tanjung Perak
 Major player in East Java
 Professionally managed with proven track records since 1991
 Best infrastructures and supporting facilities
 Rapid growth in demand and selling price in the past 2 years
 Expediting the acquisition process of another 150 Ha for NIP extension
Private & Confidential
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NGORO INDUSTRIAL PARK
Phase 1
Phase 2
Port Tanjung
Perak
Private & Confidential
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NGORO INDUSTRIAL PARK 1
 Started in January 1991
 Total area of 215 Ha
 A joint venture (50/50) by Intiland and RSEA Corp. (Taiwan) forming PT. Dharmala RSEA
Industrial Estate
 Almost entirely sold out ‟ only 3 Ha left
 Export Processing Zone is available to expedite export process
 Total workforce : + 18,000 workers
 Total of 66 companies
Private & Confidential
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NGORO INDUSTRIAL PARK 2
 Started in August 2010
 Total area of 225 Ha
 100% owned
 Current selling price per sqm at IDR 700,000
 Have successfully sold 73 Ha; remaining land bank ‟ 152 Ha
 Total of 10 companies
Private & Confidential
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OUR SATISFIED TENANTS
 Most tenants are supplying domestic consumption especially for the East Indonesian market
 Total of 76 companies from 14 countries
 Home to major domestic and multi-national companies, a few as follows:
No
Company Name
Industry Type
Country
Area (m2)
1
PT. Uni-Charm Indonesia
Hygiene Products
Japan
200,000
2
PT. Woodworth Wooden
Furniture
Taiwan
198,650
3
PT. Roman Ceramic International
Ceramic
Indonesia
143,523
4
PT. Kobin Keramik Indonesia
Ceramic
Taiwan
131,722
5
PT. Mulia Keramik
Ceramic
Japan
97,200
6
PT. Bambang Djaja
Electrical
Indonesia
81,000
7
PT. Cort Indonesia
Electric Guitar
Korea
80,129
8
PT. Indonesia Tri Sembilan
Tobacco
Singapore/Holland
60,000
9
PT. Alam Lestari Unggul
Metal
Indonesia
56,000
10
PT. Yakult Indonesia Persada
Beverage
Japan
52,500
Private & Confidential
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OUR SATISFIED TENANTS
Private & Confidential
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KEY INFRASTRUCTURES
To support industrial activities, Intiland has built a variety of
prime infrastructure:
 Wide Main Road of 2 x 16 m and Secondary Road of 10 m
 Power Supply ‟ 120 MVA
 Total Solution for Telecommunication system by Telkom ‟
1,600 lines
 Natural Gas by National Gas Company
 Water Supply ‟ capacity of 20L/sec
 Clean Waste Water Treatment Plant (WWTP) ‟ daily
capacity of 5,000 m3
POWER PLANT
Private & Confidential
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SUPPORTING FACILITIES
To bring maximum result of investment, NIP is
supported with complete industrial facilities as
follows:
 24 hours Security
 Weigh Bridge
 Fire Rescue Unit
 Shop Houses
 Office Space
 Guest House
 Outdoor Sport
 Clinic
 Cafetaria
 Mosque
 Banks and ATM
 Meeting Room
Private & Confidential
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NGORO INDUSTRIAL PARK – FINANCIAL HIGHLIGHTS
Private & Confidential
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NEW INDUSTRIAL ESTATE DEVELOPMENT IN EAST JAVA
To maintain our position as the major player in East Java, we are developing a new site:
 Total area of 500 Ha
 Strategic location near toll road, at west of Surabaya city
 Distance from Surabaya about 70 Km
 Study is completed : suitable environment for industrial estate
 On going land acquisition process and permit
 Expected development starting in 2014
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LIGHT INDUSTRY AND WAREHOUSE DEVELOPMENT
Aeropolis
A new development of 350 Ha for light industry and warehousing facilities next to the airport
Rapid growth
of SoekarnoHatta
International
Airport
Intiland
Aeropolis
Market Potential
Market Segment
 Soekarno-Hatta International Airport, with
a yearly growth of 19,2 % and visitors of
54,2 million people per year
 Airport expansion in the near future will
drive the growth of the surrounding
economy and bring positive influence to
Aeropolis
 Logistic and warehousing facilities
 Light industry
 Residences for airport users
 Hotel
Short
 Offices
Term
14 Ha
 Retail
 F&B
Private & Confidential
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LIGHT INDUSTRY AND WAREHOUSE DEVELOPMENT
Aeropolis
Aeropolis Commercial Park
(Tangerang)
Current Development
 Aeropolis Commercial Park (2.3 Ha)
 42 units (1 tower) ‟ 100% sold
 4 towers remaining (approx. 160 units)
 ASP : IDR 13 M/sqm
 Construction in progress
 In planning : 3 Ha
Future Development
 Logistic and Warehousing Facilities (12.2 Ha)
 Light Industry (30 Ha)
Competitive advantage:
 Prime location close to the airport (only 500 m)
 Easy access for factories that requires air freight facility
LOGISTIC/WAREHOUSE
 Superior infrastructures and supporting facilities
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SUPPORTING FACILITIES
 Shuttle Bus to various locations ‟ Airport to
Kalideres, Stasiun Kota, Thamrin ‟ Sudirman (CBD)
Soekarno-Hatta
International Airport
 24 hours Security
 Broadband Data Connection ‟ Underground Cable system
 Residences
 Trade Center
 Commercial Center
 Health Center
 Leisure Center
Aeropolis Residence
 Integrated Mass Transport
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DEVELOPMENT PIPELINE : INDUSTRIAL
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KEY HIGHLIGHTS
NEW EXTENSIVE DEVELOPMENTS
NEW DEVELOPMENTS
NEW DEVELOPMENTS
NEW DEVELOPMENTS
NEW DEVELOPMENTS
INDUSTRIAL
TOWNSHIPS & ESTATES
MIXED-USE & HIGH-RISE
HOSPITALITY
• Ngoro Industrial Park 2 225 Ha
• Graha Natura
80 Ha
• 1Park Avenue
• Intiwhiz Hotel Chain
• Serenia Hills
• Aeropolis
18 Ha
14 Ha
• Sumatra 36
Further acquisition
Total
150 Ha
375 Ha
• Aeropolis Logistic/
Warehouse
17 Ha
• South Quarter (1A)
• Graha Festival (75%)
2.4 Ha
0.2 Ha
4.4 Ha
8
Ha
• Aeropolis Light Industry 30 Ha
EXISTING DEVELOPMENTS
EXISTING DEVELOPMENTS
EXISTING DEVELOPMENTS
TOWNSHIPS & ESTATES
MIXED-USE & HIGH-RISE
• Ngoro Industrial Park 1 215 Ha
(50%)
• Graha Famili
280 Ha
• 1Park Residences
265 Ha
(sold out)
• Regatta (50%)
Surabaya / East Java
- 17 confirmed locations
- 5 potential locations .
26 locations
INDUSTRIAL
Jakarta
- 3 operational by 2011
- 1 under renovation
(99% sold)
• Talaga Bestari
Various locations
Private & Confidential
1.2 Ha
11 Ha
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PERFORMANCE HIGHLIGHTS
Ngoro Industrial Park
„ NIP 2 : demand increased significantly, speed-up extension and new site acquisitions
„ ASP/m2 increased from IDR 250,000 to 500,000
Aeropolis
„ 1st Project : Aeropolis Residence - 1,194 apartment and retail units (sold out)
„ 2nd Project : Aeropolis Commercial Park - 42 units (1 tower) sold during soft launching
in May 2012
„ Future plans include light industry, logistic and warehouse development
ID Homes : Serenia Hills
„ Phase 1 (Regent Cluster) ‟ More than 65% sold (of 151 units)
„ ASP/m2 for land increased from IDR 5.3M to 8.2M
„ Future plans include low rise apartment and extension of 8 Ha
Intiwhiz Hotel Chain
„ Whiz Yogyakarta (Oct 2010) ‟ occupancy : 85% (weekdays); 100% (most weekends & holidays)
„ Whiz Semarang (Nov 2011) ‟ occupancy reached 75%
„ As of now, 2 owned hotels + 1 managed hotel operational, 1 managed hotel under renovation
„ 17 confirmed locations in the pipeline and 5 more potential locations in negotiation
1Park Residences
„ 3 towers sold out. Hand over starting in July 2012
„ Preparing for the 2nd phase ‟ 1Park Avenue
Private & Confidential
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PROJECT HIGHLIGHTS
2012
1Park
1Park Avenue
Avenue
MIXED-USE & HIGH-RISE
1Park Avenue: High-Rise & Landed
(South Jakarta)
Build-up momentum of 1Park Residences.
Finalizing master plan, likely to consist of condominium
towers and landed residentials
 To launch in 2H2012
 Bigger & higher-quality units than 1Park Residences
1Park Avenue
Landed Residentials
Condominium Towers
1Park
Residences
: 2.4 Ha
: 1.4 Ha
: 1.0 Ha
1Park Residences
(South Jakarta)
TOWER A
TOWER B
TOWER C
3 towers approximately 93% completed and 100% sold
 Total area : 1.2 Ha
 Total 379 units ‟ sold out
 40,350 sqm. Saleable
 Hand over completion :
- Tower A : August 2012
- Tower B : September 2012
- Tower C : October 2012
1Park
Residences
Lobby Entrance
1Park
Residences
Swimming Pool
Private & Confidential
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MIXED-USE & HIGH-RISE
South Quarter (TB Simatupang)
(South Jakarta)
Our vision for this project is to develop a high quality
“international grade A” office park with residential and retail
facilities catered to MNCs
 In the final phase of the permit approval process
 Total of 7 Ha in Phase 1 (subdivided into 2)
 Phase 1A to consist of :
 3 office towers (approximately 120,000 sqm.)
- 2 towers for lease (80,000 sqm.)
- 1 tower for sale (40,000 sqm.)
 Retail arena (9,000 sqm. )
 Phase 1B will likely consist of a strata-title office & residential
units for sale (t.b.c.)
 Soft marketing has already started
Private & Confidential
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Aeropolis Commercial Park
MIXED-USE & HIGH-RISE
Aeropolis
(Tangerang)
An integrated mixed-use development comprising facilities for
residentials, offices, hotel, commercial and retails.
Aeropolis Residence
Phase 1 : 14 ha, comprising of :
 Aeropolis Commercial Park (2.3 Ha)
 42 units (1 tower) ‟ 100% sold
 4 towers remaining (approx. 160 units)
 ASP : IDR 13 M/sqm
 Construction in progress
 In planning : 3 Ha
 Aeropolis Residence (5.1 Ha)
 1,194 apartment + retail units ‟ sold out (1.1 Ha)
 ASP : IDR 100M per unit, strata-title sale
 Currently under construction
 Hand-over : July 2013
 In planning : 4Ha
 Lifestyle & Retail facilities (3.1 Ha)
 Hotel (0.5 Ha)
Private & Confidential
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TOWNSHIPS & ESTATES
Graha Natura
(West Surabaya)
Middle-up segment
Capitalizing the success of Graha-Famili
 Total area : 80 Ha
 Block B, C & D - 70% sold (194 units out of 281 units)
 Launching Block A
 Land development, infrastructure for 1st few blocks completed as
well as marketing office
 ASP : IDR 4M per sqm. (land only)
Graha Famili
(West Surabaya)
Mature Project (280 Ha)
The most expensive residential
in West Surabaya
 Net land bank of 2.5 Ha
 Utilize remaining land to build
premium houses
 ASP: IDR 6M per sqm. (land only)
Private & Confidential
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TOWNSHIPS & ESTATES
ID Homes: Serenia Hills
(South Jakarta)
New expanding homebuilder business unit :
successful launch of 2nd project
Mature location :
faster execution and selling
 Phase 1 (9 Ha) :
 Regent Cluster (5 Ha)
- 151 units, ASP : IDR 2.0 ‟ 2.5B per unit
- More than 65% sold
 Signature Cluster (4 Ha)
- 74 units, ASP : IDR 3.5 ‟ 4.5B per unit
 Phase 2 : Low-rise Apartment (1 Ha)
 Phase 3 : Under Planning (8 Ha)
Private & Confidential
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HOSPITALITY
Intiwhiz Hotel Chain
Our own branding, limited service hotel chain is ramping up rapidly.
Whiz Hotel
Yogyakarta
 Affordable, Practical and Stylish Hotel for the Smart Traveler
 Providing Easy Access, Good Sleep, Good Shower, Info-Connectivity,
Modern Style, and Friendly Staff
 Total 26 locations :
- 3 hotels in operation
- 1 hotel in renovation
- 17 confirmed locations
- 5 potential locations
Whiz Hotel
Semarang
Grand Whiz
Kuta, Bali
1
2
Grand Whiz
Nusa Dua, Bali
„ Whiz Hotel Yogyakarta (owned), 100 rooms
„ Opening date : 10 Oct 2010
„ Occupancy : 85% (weekdays); 100% (most weekends & holidays)
„ Grand Whiz Nusa Dua, Bali (managed), 126 rooms*
„ Temporarily closed for renovation
3
„ Whiz Hotel Semarang (owned), 148 rooms
„ Opening date : 21 Nov 2011
„ Occupancy : 75%
4
„ Grand Whiz Kuta, Bali (managed), 134 rooms
„ Opening date : 18 Dec 2011
„ Occupancy : 60%
*Operation taken over by Whiz since 15 Aug 2011, renovation will start in mid July 2012
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OTHER PORTFOLIOS
TOWNSHIPS & ESTATES
Talaga Bestari
(Balaraja, Tangerang)
Educational township.
Shift from low to middle market segment
Total planned area : 265 Ha
Commercial Cluster :
“Jungle Walk” NEW Cluster
 Phase 1 :
 40 Shophouses (96% sold), ASP : IDR 360M per unit
 210 Kiosks (50% taken up), ASP : IDR 88M per unit
 Completed in 1H2012
Residential Cluster :
“Harmony” Cluster
 214 units launched in 2010
 Approx. 94% sold
 ASP : IDR 140M per unit
“The Hills” Cluster
 207 units launched in 2010
 Approx. 80% sold
 ASP : IDR 225M per unit
“The Forest” NEW Cluster
 288 units
 Higher positioning / larger units
 ASP : IDR 400 ‟ 800M per unit
KEY CATALYST : 30 Ha of land purchased by a major airline –
training center, warehouses, dormitories.
Private & Confidential
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MIXED-USE & HIGH-RISE
Graha Festival
(Graha Famili, West Surabaya)
Spanning along 2km boulevard, Graha Festival will be the longest
commercial belt in West Surabaya
Located right in the center of the inner ring road of West Surabaya,
Graha Festival has a very strategic location. With the city government
gearing on infrastructure constructions and accessibilities in West
Surabaya, it is our vision to turn this into an international grade
commercial and retail belt.
Graha Festival is a mixed-used / integrated living development with a
total land area of approx. 5.5 Ha (aims to expand to a total of 8 Ha)
Inside Graha Festival
Loop
 Spazio
 NHI / National Hospital
 Loop
- Land area : approx. 8,000 sqm.
- Alfresco-style lifestyle dining
and retail area
- In operation
 North Hospital (Unnamed Project, Planned)
Private & Confidential
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MIXED-USE & HIGH-RISE
Spazio (75% owned)
(West Surabaya)
Mixed-use development as a part of Graha Festival
74% sold. Construction 87% completed.
Spazio
National Hospital
 Total area : 2 Ha
 Joint operation project
 Phase 1 (0.8 Ha) :
- low-rise strata-title offices (14,459 sqm.)
- low-rise retails (4,188 sqm.)
 Phase 2 (1.2 Ha) :
- high-rise offices
- residential apartments
 To be completed in 2012
National Hospital (50% owned)
(West Surabaya)
A part of Graha Festival
 Total area : 0.8 Ha
 Joint operation project of approx. 8,000 sqm. land area
 General Hospital with 179 beds
 Aims to be the 1st hospital in Surabaya with Electronic Medical
Records (EMR)
 To start operation in 3Q2012
National Hospital
Private & Confidential
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Sumatra 36
MIXED-USE & HIGH-RISE
Sumatra 36
(Central Surabaya)
High-end apartment tower in the city center
 Total area : 0.2 Ha
 63 luxury downtown apartment units
 Current ASP : IDR 16M per sqm.
 Approx. 8,000 sqm. in 1 to 4 bedroom configurations & penthouses
Praxis
Praxis (Planned)
(CBD Surabaya)
 1.1 Ha site adjacent to Intiland Tower Surabaya
 Plan for office, retail & residential development
(approx. 40,000 sqm. GFA)
 To launch in 4Q2012
Private & Confidential
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Kebon Melati
MIXED-USE & HIGH-RISE:OTHERS
Kebon Melati (55%, Unnamed Project, Planned)
(CBD Jakarta)
 Phase 1 : 1.8 Ha (55%) and Phase 2: 2.2 Ha (100%) acquired
 In talks for possible JV
 To launch in 4Q2012
Regatta, Phase 1
Regatta (50% owned)
(Pantai Mutiara, North Jakarta)
 Joint-Operation Project
 11 Ha seafront site
 Phase 1 consist of 4 towers
 3 towers completed in 2008 (86% sold)
 1 tower reconfigured in 2011 (46% sold)
 Current ASP : IDR 22M per sqm.
WestOne City
WestOne City (40% owned, Planned)
(West Jakarta)
 21 Ha site area, 16 Ha saleable
 Front entrance, roads, infrastructure, landscape &
marketing office completed
 Awaiting launch of first project, 3 apartment towers
 In discussions for possible sale of project
Private & Confidential
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MIXED-USE & HIGH-RISE : OFFICE BUILDINGS
Intiland Tower Jakarta
(Jl. Jend Sudirman, CBD Jakarta)
 Completed in 1986
 Land Area : 0.8 Ha
 Saleable area : 31,000 sqm.
 98% Occupancy
 Avg. Rental Rate : IDR 130,000 per sqm. / mth
Intiland Tower Surabaya
(CBD Surabaya)
 Completed in 1997
 Land Area : 0.5 Ha
 Saleable area : 17,000 sqm.
 95% Occupancy
 Avg. Rental Rate : IDR 125,000 per sqm. / mth
Private & Confidential
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DEVELOPMENT PIPELINE
DEVELOPMENT PIPELINE : TOWNSHIPS & ESTATES
Private & Confidential
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DEVELOPMENT PIPELINE : MIXED-USE & HIGH-RISE
Private & Confidential
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DEVELOPMENT PIPELINE : MIXED-USE & HIGH-RISE (RECURRING)
Private & Confidential
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DEVELOPMENT PIPELINE : INTIWHIZ HOTEL CHAIN
Private & Confidential
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POTENTIAL LOCATIONS: INTIWHIZ HOTEL CHAIN
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FINANCIAL HIGHLIGHTS
1H 2012 FINANCIAL HIGHLIGHTS
Revenue
increased
5.74%
„ Revenue : IDR 530.7B
„ Townships & Estates
still a major
contributor at 48%
Gearing
was low
at 27.2%
debt-toequity
Strong
Performance
Asset
increased
29.0%
Positive
Operating
Cashflow
and Net
Profit
Private & Confidential
„ Loan was used to fund
new project initiatives
„ Asset : IDR 6,078B
„ Substantial increase in
Inventories and Land
for developments
„ Operating Cash Flow :
IDR 121.2B
„ Positive Net Profit :
IDR 80.34B
45
FINANCIAL PERFORMANCE SUMMARY
* Fully diluted EPS is based on a total of 10.3 billion outstanding shares post-rights, and
2.1 billion outstanding warrants (post rights issue and post stock split)
Private & Confidential
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APPENDICES
OUR ICONIC, TREND–SETTING PRODUCTS
TOWNSHIP & ESTATE
A luxury house
in Graha Famili
Graha Famili (Since 1992) first golf-themed
luxury township in Surabaya
O
F
F
I
C
E
B
U
I
L
D
I
N
G
Intiland Tower Jakarta
(1986), one of the first
green buildings in
Jakarta, designed by
the late Paul Rudolf
CONDOMINIUM
First luxury sea-front condo
in Jakarta (Regatta)
Pantai Mutiara (Since 1986), First reclaimed
seafront luxury estate in South East Asia
Private & Confidential
Intiland Tower
Surabaya
(1997)
48
LOCATION MAP JAKARTA
Our projects in Jakarta are located strategically along major transportation
infrastructure, and proposed future developments
Paku Haji
Proposed new seaport
(Figures shown are estimated masterplan areas.
Marked areas are not to scale)
Regatta, 11Ha
Aeropolis
500Ha*
Proposed Toll
Teluk Naga to
Balaraja
Soekarno Hatta
(airport)
Pantai Mutiara
100Ha
WestOne City
, 21Ha
Taman
Semanan,
74HA
Talaga
Bestari
265Ha*
Proposed Toll
Serpong to
Balaraja
Citra Raya Karawaci Gading
SerpongAlam
Sutera
BSD City
Banten
1090HA
Tanjong Priok
(Port)
Kebon
Melati
10Ha
1Park
3.6Ha
Pinang Residence
1Ha
Serenia Hills
18Ha
South Quarter
7Ha
JORR I
Railway Jkt-Merak
= New Acquisition
= Existing Portfolio
= Mature Portfolio
= Competitor
Private & Confidential
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LOCATION MAP SURABAYA
In Surabaya, our projects are centered around the West Surabaya area favored by
wealthier buyers, and in the city centre
(Figures shown are estimated
masterplan areas.
Marked areas are not to scale)
Sumatra 36
0.2Ha
Praxis
1.1Ha
Graha Natura
80Ha
Citraland
Pakuwon
Bukit
Darmo
Golf
Graha
Graha
Famili
Festival
280Ha
8Ha
Juanda
International
Airport
= New Acquisition
= Existing Portfolio
= Mature Portfolio
= Competitor
Private & Confidential
50
KEY CORPORATE MILESTONES
“Good Old Days” of Rapid Growth
1970s Founder
Hendro
Gondokusumo
starts property
business
1983 Group was
officially
consolidated under
the name “PT
Wisma Dharmala
Sakti”
1990 One of the
first property
developers listed on
the Jakarta Stock
Exchange
CORPORATE MILESTONES
1970s
1980s
1981 Start of dev’t
activities in West SBY
beginning with
“Darmo Baru”
1982 Start of
activities in Jakarta
beginning with
“Taman Harapan
Indah”
1997-2007 continued
ops as going concern
while continuing to
pay interest. No staff
retrenchment. Debt
settlement with all
contractors.
2003 Debt-Asset
Barter with Panin
Bank for Grand Bromo
Hotel, Grand Trawas
Hotel and Menteng
Prada
1990s
PROJECT MILESTONES
1974 Dev’t of
Cilandak
Garden Housing
Restructuring Years
1997-98 Asian Financial Crisis
Founding
1990 branched into
Industrial Estates with
commencement of
Ngoro Industrial Park
2000s
1998 Completion of
Kondominium
Kintamani, possibly
the only apartment
project successfully
handed over to
customers that year
1989 - 2006 Development of luxury seafront estate
“Pantai Mutiara” I (100ha) n North Jakarta
Rejuvenation, New Direction
Jun 2007 Debt-Equity Swap
converting Rp 1.1 Trillion
outstanding debt into
4.4Trillion shares*. New CEO
and BOD appointed.
2008-2009 Held back our growth
plans in view of global economic
uncertainties
Apr 2010 Rp 2.07 Trillion 1-for-2
Rights Issue strengthens Balance
Sheet and vastly increases land
bank
2010s
Nov 2008 Handover
of Regatta Phase 1, an
iconic seafront luxury
condominium
Feb 2010 Launch of 1Park
Residence in South Jakarta
Jun 2010 Development of
Graha Natura (86ha project)
1989 ‟ 2010 Development of Mid-Income estate Taman Semanan Indah (80ha) in Jakarta
1992 ‟ Present Development of luxury golf estate “Graha Famili” (280ha) in Surabaya
* Adjusted for 2-for-1 stock split
1987 Completion
of Intiland Tower
Jakarta
1995 Completion
of Wisma Manulife
1997 Completion
of Intiland Tower
Surabaya
Aug 2010 Completion of first
“Whiz Hotel” in Yogyakarta
51
BOARD OF COMMISSIONERS
Cosmas Batubara
President Commissioner
and Independent
Commissioner
Lennard Ho Kian Guan
Vice President
Commissioner
Ping Handayani Hanli
Commissioner
Dr Jahja Asikin
Commissioner
Walman Siahaan
Commissioner
Thio Guan Po Micky
Independent
Commissioner
Dr. Cosmas graduated from the University of Indonesia in 1974 and obtained his PhD from the Faculty of Social and Political Sciences,
University of Indonesia in 2002. He served previously as a Member of the Indonesian Parliament from 1967 to 1978. In 1978, he was
appointed as the Minister of Public Housing for two terms, until 1988. Following that, he was appointed as the Minister of Manpower
(1988 – 1993) during which he played an active role in the International Labor Organization (ILO) and was once elected as the President
of ILO.
Lennard was the President Director and CEO of Intiland from 2007 to 2011. He spent over 16 years in investment management and
securities broking at various Investment Banks: HSBC Investment Bank, Chemical Bank, Morgan Grenfell and UBS. He established
Truss Capital & Partners Pte Ltd, Singapore in 2001. He graduated from Concordia University, Montreal, Canada with a major in finance.
He obtained his MBA from the University of British Columbia, Vancouver , Canada in 1984. Lennard is a result-oriented influencer who
pays attention to details. He is driven to achieve results without neglecting quality and accuracy. He manages to ensure that his
stakeholders are well informed of their responsibilities and deadlines and always encourages his team to be inventive and to take
appropriate risks if necessary. His communication style always demonstrates willingness to hear others out before reaching a decision.
Ping was appointed as a Commissioner in on 29 June 2007. Prior to her new appointment, she served as the Head of Finance of Intiland
and thus brings with her a wealth of detailed knowledge of the Group. She always provides adequate structure, direction and feedback to
the management. She will allocate her resources appropriately for corporate as well as project needs. Ping graduated from Trisakti
University majoring in accounting in 1982. Prior to Intiland, she was an auditor at Hanadi Sudjendro Public Accountants.
Asikin brings with him more than 17 years of experience in the property business, having served as a Director of the Company from 1989
to 2006. Asikin has a good balance of strategic thinking and practical execution, having a visionary yet down-to-earth outlook which
allows him to link and synergize smoothly between corporate directions and project needs. His attentions to details make him able to
carefully spot any obstacles and looks for creative solutions. Prior to that he worked as an Auditor at Hanadi Sudjendro Public
Accountants and Bank Central Asia. He Graduated from the University of Indonesia, Faculty of Economics
Walman has served as a Director of Intiland since 1989 and as its Vice President Director from 1998 to 2011. He worked previously at
the Bureau of Population and Community in Jakarta. During 2004 - 2009, he dedicated his time and energy to serve as the member of
Indoensia’s House of Representatives. He was elected as Vice Chairman of Commission XI. managing the Economics and Finance
sectors. Walman is the member of the Indonesia Real Estate Association, leading the tax division.
Mr. Thio Gwan Po Micky was appointed as our Commissioner on March 29, 2010. He holds a bachelors degree from Fullerton in arts in
business administration, an associate of arts in business administration in 1976 and obtained his masters in business administration from
California State University in 1979. He has been the president director of PT Nexus Utama since 1996, and was previously a director of
PT Asuransi Kerugian Bina Dharma Arta between 1983 and 1986 and is currently a commissioner. Since 1996, he has also served as a
commissioner for PT Satria Saka Pratama and PT Satria Saka Perkasa.
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52
BOARD OF DIRECTORS
Hendro S.
Gondokusumo
President Director and
Chief Executive Officer
Suhendro Prabowo
Vice President Director
& Chief Operating
Officer – Jakarta
Sinarto Dharmawan
Vice President Director
& Chief Operating
Officer – Surabaya
Ricky Holil
Executive Director Chief
Financial Officer
Moedjianto Soesilo
Tjahjono
President Director –
Whiz Hotel
Hendro is the founder of Intiland Development. He brings with him more than 37 years of invaluable experience in the property
development business. He was Vice President Commissioner of the Company from 2007 to 2011. Prior to that he was President Director
of the Company for about 24 years, during which he was instrumental in growing the company from its humble beginnings to its current
status of a well-known developer in Indonesia, listed on the Jakarta Stock Exchange. Apart from his commitments in the company,
Hendro is the Chairman of the Jakarta Property Club. He is also active in the Indonesia Real Estate Association and holds memberships
in several international real estate organizations. In addition, he is also a Patron of Philharmonic Society of Atmajaya Catholic University,
Jakarta.
Suhendro was appointed to the Board in 1999 and became its Vice President Director in 2007. He graduated from Institut Teknologi
Surabaya majoring in civil engineering and began his long career in Intiland since 1979. He brings with him a wealth of experience in the
technical field; varying from real estate development, building construction to sea reclamation. Suhendro always approaches differences
of opinions, discussion and debates with an appeal to reason. With his ability to both listen and articulate, he is quite thorough in
analyzing the situations.
Appointed to the board since 1996 and as its Vice-President Director since 2003, Sinarto brings with him a wealth of vast experience in
the property business, which he has been involved in since 1981. He graduated from the University of Parahyangan, Bandung majoring
in civil engineering in 1980 and obtained his MBA from IPMI Jakarta in 1988. By nature, Sinarto is always result-oriented and thorough
with genuine interests in others and their problems. He always carries out his tasks with passion and energy, keen on continuous
improvement. He is willing to take appropriate risks in the face of competing demands as the nature of the projects where timing is
critical. When challenged, he is able to look for many creative way-outs and seek many sources to improve quality and knowledge.
Appointed to the Board in June 2::7, Ricky was formerly the General Manager of Intiland’s Audit Department. His careful, conservative
and detailed approach makes him able to scrutinize and analyze the financial situations of the company and takes necessary decisions
over important matters. Ricky favors system and order and by nature will enforce procedure, policy and rules. He can be quite
demanding over the set target to ensure they are met. He started his career as an auditor in Prasetio Utomo Public Accountant. Ricky
graduated from the University of Tarumanagara majoring in accounting.
Moedjianto was appointed to the Board of Directors in 2011. He oined Whiz Hotels as CEO from ERA Indonesia, where he was
President Director. He was responsible for leading and managing all aspects of the ERA’s businesses throughout Indonesia and is
credited with growing the franchise into the largest property broking house in Indonesia. Prior to this, Moedji has been working for
Intiland Development, in various roles such as marketing and sales management and business development. Moedji brings to the
venture in-depth knowledge of property transactions and trends all over Indonesia and is currently involved in site selection and
acquisitions for locating new Whiz Hotels. Graduated from Atmajaya University as a civil engineer, he obtained his master degree from
PPM Business School, Jakarta. Being forceful and direct, he is forward-looking, progressive and always competes to attain goals. Moedji
needs to always be extended by new and challenging assignments.
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53
B O A R D O F D I R E C T O R S ( C o n t ‘ d)
Utama Gondokusumo
Executive Director
Archied Noto Pradono
Executive Director
Irene Rahardjo
Independent Director
Utama graduated from Purdue University Indiana, USA, majoring in civil engineering. His experiences in the property business began
when he joined McCarthy Construction and CCS Planning & Engineering in San Fransisco as its engineer. He served as a Director at
Leads Global Properties in Toronto and PT Graha Adikarsa. He was appointed to the Board on 29 June 2007. Utama is very focused in
pursuing the set goals and believes that no matter what situation arises, the goal should win through. When challenged, he is able to
look for creative solutions around the obstacles and willing to search the sources and best practices to improve quality of his work and
knowledge.
Appointed to the Board on 28 June 2::7. Archied was previously in charge of Intiland’s Treasury and Business Development . He
graduated from the Oregon State University majoring in international business. He was also previously a Director of PT Sakura
Sekuritas. His independent and confident yet alert approach makes him a good leader and decision maker. He always carries out his
tasks with passion and energy, keen on learning new techniques for continuous improvement.
Irene graduated from School of Management, State University of New York with MBA in Marketing. She has an illustrious, two decadeslong career in Marketing and Communications, sixteen years of which was spent at Dentsu Indonesia and Dentsu Singapore as a
Director until 2004. She was appointed to the Board on June 29, 2007. Her outgoing, gregarious and very friendly approach makes her
get along with people easily. She likes to challenge the situations, both in terms of tasks and people. In managing her work, she
recognizes each person’s uniqueness and she always demonstrates a thorough knowledge of her key responsibilities.
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54
DISCLAIMER AND CONFIDENTIALITY
We caution readers that all statements other than statements of historical fact included in this document,
including without limitation, those regarding our financial position, business strategy, plans and objectives of
management for future operations (including development plans and objectives relating to our existing and
future products), are forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties and other facts, which may
cause our actual results, performance or achievements or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding our present and future
business strategies and the environment in which we expect to operate in the future.
We expressly disclaim any obligation or undertaking to release any update of or revision to any forward-looking
statements contained herein to reflect any change in our expectations with regards hereto or any change in
events, conditions or circumstances on which any such statements is based.
This document is the property of PT Intiland Development Tbk and is in its entirety confidential. It is for
intended recipients only and for intended use only. It is restricted only for use by the recipient and should not be
used or disclosed for any other purpose, or by any other person, in part or in full, or be used as reference referred
to in any document, without prior written consent from PT Intiland Development Tbk. This document only serves
as a reference and it does not constitute an offer solicitation or invitation to subscribe for and/or purchase any
shares in any proposed venture.
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55
Contact Person:
Pauline Changgara
Capital & Investment Management
PT Intiland Development Tbk
Tel : +62 21 5701912 (ext. 1887)
Fax: +62 21 5700015
pauline.changgara@intiland.com
Theresia Rustandi
Corporate Secretary
PT Intiland Development Tbk
Tel : +62 21 5701912 (ext. 1846)
Fax: +62 21 5700015
theresia.rustandi@intiland.com
Head Office:
Intiland Tower, Penthouse
Jl. Jend. Sudirman 32
Jakarta 10220
Indonesia
Private & Confidential