PT Intiland Development Tbk
OSK Conference
10 May 2012
Introduction
We are one of the most experienced premium developers in Indonesia
with almost 40 years of heritage
„ One of the first listed property developers in Indonesia (1990)
Our Diversified Products
Townships & Estates
1
2
Mixed-Use & High-Rise
Hospitality
3
4
Industrial
Private & Confidential
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Our Iconic, Trend-Setting Products
TOWNSHIP & ESTATE
O
F
F
I
C
E
A luxury house
in Graha Famili
Graha Famili (Since 1992) first golf-themed
luxury township in Surabaya
CONDOMINIUM
B
U
I
L
D
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N
G
Intiland Tower Jakarta
(1986), one of the first
green buildings in
Jakarta, designed by
the late Paul Rudolf
Intiland Tower
Surabaya
(1997)
Pantai Mutiara (Since 1986), First reclaimed
seafront luxury estate in South East Asia
First luxury sea-front condo
in Jakarta (Regatta)
Private & Confidential
3
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
Tangerang
500Ha*
Proposed Toll
Teluk Naga to
Balaraja
Soekarno Hatta
(airport)
Pantai Mutiara
100Ha
WestOne City
, 21Ha
Proposed Toll
Serpong to
Balaraja
Citra Raya Karawaci Gading
SerpongAlam
Sutera
BSD City
Banten
1090HA
Kebon
Melati
10Ha
Taman
Semanan,
74HA
Talaga
Bestari
265Ha*
Tanjong Priok
(Port)
Gandaria
3.6Ha
Pinang Residence
Serenia Hills
1Ha
10Ha
TB Simatupang
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)
Graha Natura
80Ha
Citraland
Pakuwon
Bukit
Darmo
Golf
Sumatra 36
0.2Ha
Praxis
1.1Ha
Graha
Graha
Famili
Festival
280Ha
8Ha
Juada
International
Airport
= New Acquisition
= Existing Portfolio
Private & Confidential
= Mature Portfolio
= Competitor
5
Ramp-Up Developments
We are ramping-up developments of core portfolios
MATURE DEVELOPMENTS
MATURE DEVELOPMENTS
TOWNSHIPS & ESTATES
• Graha Famili
280 Ha
(99% sold)
• Taman Semanan Indah 74 Ha
(Completed selling in 2010)
• Pinang Residences
1 Ha
(Completed selling in Q1 2012)
MIXED-USE & HIGH-RISE
• 1Park Residences
(96% sold)
1.2 Ha
TOWNSHIPS & ESTATES
• Graha Natura
• Talaga Bestari
• Serenia Hills
• 1Park Avenue
(Landed)
• Aeropolis (1B)
Jakarta
80 Ha
265 Ha
10 Ha
MATURE DEVELOPMENTS
INDUSTRIAL
HOSPITALITY
• Ngoro Industrial Park 1 (50%) 215 Ha
• Graha Residen
(Divested in 2010)
NEW DEVELOPMENTS
NEW DEVELOPMENTS
NEW DEVELOPMENTS
MIXED-USE & HIGH-RISE
NEW DEVELOPMENTS
MATURE DEVELOPMENTS
• Regatta (50%)
11 Ha
• 1Park Avenue
1 Ha
• Sumatra 36
0.2 Ha
• Aeropolis (1A)
6 Ha
• South Quarter (1A)
4.4 Ha
(a.k.a. TB Simatupang)
• Graha Festival (75%)
8 Ha
• Spazio (75%)
2 Ha
HOSPITALITY
• Whiz Hotel
- 4 operational by 2011
- 15 confirmed locations in
the pipeline
INDUSTRIAL
• Ngoro Industrial Park 2
Further acquisition
Total
225 Ha
150 Ha
375 Ha
1.4 Ha
64 Ha
RAMP-UP DEVE
Surabaya / East Java
Various locations
Private & Confidential
LOPMENT
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Good Performance of New & Ongoing Developments
New projects are well-accepted by market, evident from good sales and good selling
prices. Ongoing projects are in demand and enjoy good selling price increments.
- Well-performed new development : Aeropolis
~ More than 70% sold (of 1,155 guesthouse units) since 1st launching in Nov 2011
- Well-performed new business unit : ID Homes
~ Launched 2nd project “Serenia Hills” in October 2011, more than 55% sold for phase 1 (of 151 units)
- Well-performed hotel chain development : Whiz Hotel
~ Pilot project Whiz Yogyakarta (operational since October 2010) as of December 2011 achieved 80%
occupancy and 100% occupancy on most weekends & holidays
~ 2nd project Whiz Semarang (operational since November 2011) achieved 66% occupancy
~ 2 managed hotels operational
~ 15 confirmed location in the pipeline
- Increased demand on Industrial Parks : Ngoro Industrial Park (NIP)
~ NIP2 : demand increased tremendously, speed-up new site acquisitions
- Well-performed high-rise project : 1 Park Residences
~ 3 towers now 96% sold. To hand over in June 2012
- Good increments for Average selling price (ASP) of ongoing projects :
~ 1 Park Residences
~ Serenia Hills (land only)
~ Graha Famili (land only)
~ Graha Natura (land only)
~ Ngoro Industrial Park (NIP)
Initial ASP/m²
11.50M
5.30M
4.00M
2.24M
0.20M
Private & Confidential
Current ASP/m²
18.00M
7.50M
6.00M
4.00M
0.55M
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1Q 2012 Financial Highlights
We are expediting our project executions.. new projects are starting out, resulting in :
• Revenue declined 9.29% to IDR 278.61B
- a bunch of revenue awaited project completion
• Gearing was still low at 26.22% debt-to-equity
- loan was used to fund new project initiatives
However ..
• Asset increased 25.0% to IDR 5,865.48B
- Mainly due to a substantial increase in Inventories and Land for developments
• Despite the stretch, we were able to maintain :
- Positive Operating Cash Flow at IDR 127.47B
- Positive Net Profit at IDR 40.24B (a significant contribution is from new projects)
Private & Confidential
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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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CORE BUSINESS PORTFOLIOS
Townships & Estates: Graha Famili & Graha Natura
Graha Famili
Graha Natura
(West Surabaya)
Mature Project (280 Ha)
The most expensive residential
in West Surabaya
• Remaining inventories
- 4 landed houses
- 7 townhouses
- Approx. 2.5 Ha land
Interior of
Type Estiva
ASP: IDR 6M per sqm.
(land only)
(West Surabaya)
New Project (80 Ha)
Middle-up segment
Capitalizing the success of Graha-Famili
• Block B, C & D 70% sold
• Launching Block A
• Land development, infrastructure for 1st few blocks
completed as well as marketing office
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 : lower profit margin but faster execution and selling
New Project (10 Ha)
Infrastructure in progress.
More than 55% sold for phase 1.
To complete selling in 2014
• 225units
• Phase 1 : Regent Cluster (5 Ha)
151 units, ASP : IDR 2.0 ‟ 2.5B per unit
• Phase 2 : Signature Cluster (4 Ha)
74 units, ASP : IDR 3.5 ‟ 4.5B per unit
• Phase 3 : Under Planning (1 Ha)
Private & Confidential
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Townships & Estates: Talaga Bestari
(Balaraja, Tangerang)
Commercial Cluster :
Marketing Office & Sports Club Facilities
(Increase project visibility from toll-road)
Ongoing Project (265 Ha)
Educational township.
Shift from low to middle market segment
“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. 78% sold
• ASP: IDR 225M per unit
“The Forest” NEW Cluster
• 288 units
• Higher positioning / larger units
• ASP: IDR 400 ‟ 800M per unit
Also “Al-Azhar” School
Training Facilities for Major Airline :
Key catalyst to build up crowd
Contract includes:
•30 Ha land sale
• Development of training facilities, dormitories
& warehouses
• To be delivered by 2Q2012
Private & Confidential
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Townships & Estates: Aeropolis
(Tangerang)
Residential, Logistics / Commercial Parks to facilitate Airport needs
Aeropolis (1A) (Tangerang)
Aeropolis (1B) (Tangerang)
New Project (6 Ha)
Phase 1A of Tangerang Project: Residential Area.
More than 70% sold
New Project (64 Ha)
Phase 1B of Tangerang Project:
Logistic/Commercial Parks
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•
•
•
To launch in 2Q2012
Target ASP: Rp 1.2-2.0B per unit
Commercial area
Warehousing facilities
• 1,155 guesthouse units
• ASP : IDR 100M per unit, strata-title sale
•To start construction in 2Q2012
Private & Confidential
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Mixed-Use & High-Rise: 1Park Residences & 1Park Avenue
The project is selling faster than expected and construction progress is on schedule
and on budget. We are now expediting the launch of Phase 2 (1Park Avenue)
1Park Avenue : High-Rise & Landed
1Park Residences (South Jakarta)
(South Jakarta)
New Project (2.4 Ha)
Build-up momentum of 1Park Residences
Finalizing master plan, likely to consist of
condominium towers and townhouses
1 Park Residence
(Gandaria Phase 1)
• To launch in 2Q2012
• Bigger & higher-quality units than 1Park Residences
1Park Avenue
: 2.4 Ha
Townships & Estates
: 1.4 Ha
Mixed-Use & High-Rise : 1.0 Ha
Tower A
Tower B
Tower C
Ongoing Project (1.2 Ha)
3 towers approximately 88% completed and 96% sold.
Hand over will start in June 2012
•
•
•
•
Total 379 units, 19 units remaining
40,350 sqm. saleable
Starting price : IDR 11.5M per sqm.
Current ASP : IDR 18.0M per sqm.
Private & Confidential
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Mixed-Use & High-Rise: Others
South Quarter (TB Simatupang) (South Jakarta)
Due to our plans for a strategic joint venture for this project, we are revising our
plans for a major part of this project to be catered for the leased office market
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
• Currently in talks for a joint venture to
develop this project (and other mixed-use
developments).
• Potential JV partner has strong preference
for recurring income. Intiland may look to
sell stake in the project upon completion +
tenancy milestones to recycle capital
Kebon Melati (55%, Unnamed Project, Planned)
• Total of 7 Ha in Phase 1 (subdivided into 2)
(CBD Jakarta)
• Phase 1A to consist of 3 office towers (approximately
120,000 sqm. lettable area) and a 9,000 sqm. retail arena
around the dome structure shown in pictures above
• Phase 1B will likely consist of a strata-title office &
residential units for sale (t.b.c.)
• Phase 1: 1.8ha (55%)
and Phase 2: 1.4ha
(100%) acquired
• In talks for possible JV
• To launch in 4Q2012
• Marketing has already started
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)
Graha Festival is the Commercial Area of Graha Famili
Inside Graha Festival
Loop (left)
• Land area : approx. 8,000 sqm.
• Alfresco-style lifestyle dining
and retail area
• In operation
• Spazio (next slide)
• NHI / National Hospital (next slide)
• Loop (right)
Private & Confidential
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Mixed-Use & High-Rise: Other Projects
New developments within Graha Festival
Spazio (75% owned)
National Hospital (50% owned)
(West Surabaya)
(West Surabaya)
New Project (2 Ha)
Mixed-use development as a part of Graha Festival
74% sold. Construction 61% completed.
New Project (0.8 Ha)
A part of Graha Festival
• 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
• Joint operation project
• Phase 1 (0.8 Ha):
- low-rise strata-title offices
- low-rise retails
• Phase 2 (1.2 Ha):
- high-rise offices
- residential apartments
• To be completed in 2012
Private & Confidential
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Mixed-Use & High-Rise: Other Projects
2 new developments in downtown Surabaya
Sumatra 36
Praxis (Planned)
(Central Surabaya)
(CBD Surabaya)
New Project (0.2 Ha)
High-end apartment tower, 2 minutes-drive from CBD area
• 1.1 Ha site adjacent to Intiland Tower Surabaya
• Plan for office, retail & residential development
(approx. 40,000 sqm. GFA)
• To launch in 2012
Top : Show Unit.
• 63 luxury downtown apartment units
• Current ASP: IDR 16M per sqm.
• Approx. 8,000 sqm. in 1 to 4 bedroom configurations &
penthouses
Private & Confidential
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Mixed-Use & High-Rise: Others
Regatta (50% owned)
WestOne City (40% owned, Planned)
(Pantai Mutiara, North Jakarta)
(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
•
•
•
•
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.
Winner of the 2010
Fiabci Award
Mixed-Use & High-Rise: Flagship 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.
85% Occupancy
Avg. Rental Rate:
IDR 125,000 per sqm. / mth
Private & Confidential
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Industrial Estates: Ngoro Industrial Park
Very strong demand since 2011 – we are expediting land acquisition and new
site searches in East Java. Selling price has doubled since last year.
NIP 1 (50% Owned) - Almost entirely sold out
Phase 1
NIP 2 (100% Owned)
Phase 2
• 225 Ha acquired, looking to acquire another 150 Ha
• Strong enquiries since 2010 from MNCs & local
enterprises looking to expand to East Java
• Current ASP : IDR 550,000 ‟ 600,000 per sqm.
• Expected to be a major contributor to Intiland’s top
and bottom line in 2012
Expansion Plans
• Looking for sites to acquire in East Java
• Currently 2 sites under study
Private & Confidential
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Hospitality: Whiz & Grand Whiz
Our own branding, limited service hotel chain is ramping up rapidly.
4 hotels in operation and 15 more confirmed locations
21 Nov 2011, 148 rooms
10 Oct 2010, 100 rooms
*15 Aug 2011, 126 rooms
18 Dec 2011, 134 rooms
*Operation taken over by Whiz, now renovation in progress
Private & Confidential
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DEVELOPMENT PIPELINE
Development Pipeline : Townships & Estates
Development Pipeline : Industrial
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 Income)
Private & Confidential
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Development Pipeline : Whiz & Grand Whiz
Private & Confidential
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APPENDICES
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
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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.
Private & Confidential
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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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Board of Directors (Cont’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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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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Contact Person:
Marina Shi
Corporate Finance AVP
PT Intiland Development Tbk
Tel : +62 21 5701912 (ext. 1887)
Fax: +62 21 5700015
marina.shi@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