Right Place, Right Time, Right Company

Transcription

1 Right Place, Right Time, Right Company PT Lippo Karawaci Tbk FY 2014 Indonesia s Largest and Most Integrated Property Group Leaders in Integrated Developments, Hospitals, Retail Malls, Hotels and Asset Management

2 DISCLAIMER This presentation has been prepared by PT Lippo Karawaci Tbk ( LPKR ) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of LPKR. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. LPKR disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this presentation and neither LPKR nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this presentation and any inaccuracy herein or omission here from which might otherwise arise. Forward-Looking Statements The information communicated in this presentation contains certain statements that are or may be forward looking. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this presentation. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for LPKR s developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; LPKR s ability to be and remain competitive; LPKR s financial condition, business strategy as well as the plans and objectives of LPKR s management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although LPKR believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and LPKR undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

3 CONTENTS CORPORATE STRUCTURE 01 LARGEST & MOST INTEGRATED PROPERTY COMPANY 02 FOUR BUSINESS DIVISIONS 03 MOST RECENT FINANCIAL RESULTS DIVERSIFIED LANDBANK & PROJECTS MOST INTEGRATED BUSINESS MODEL 08 HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT 09 GROWTH STRATEGIES OUR PORTFOLIO FINANCIAL PERFORMANCE APPENDICES 34-53

4 CORPORATE STRUCTURE LIPPO RELATED COMPANIES 25.10% PUBLIC 74.90% As of 31 Dec 2014 No. of Outstanding Shares : 23,077,689,619 Code : LPKR.JK ; LPKR IJ DEVELOPMENT REVENUE RECURRING REVENUE RESIDENTIAL & URBAN DEVELOPMENT HOSPITALS COMMERCIAL ASSET MANAGEMENT Lippo Village (Millenium Village) Lippo Cikarang (Orange County) Tanjung Bunga San Diego Hills Memorial Park Kemang Village The St. Moritz City of Tomorrow Park View Apartments The Nine Residence Holland Village Lippo Thamrin Office St Moritz Panakukang Embarcadero Siloam Hospitals Retail Malls Aryaduta Hotels Town Management Services, Leisure and Restaurants REIT, Mall & Hotel Management 01

5 LARGEST & MOST INTEGRATED PROPERTY COMPANY Largest listed property Company by Revenue and Total Assets. Revenue and Net Income for FY 2014: USD937 million and USD205 million, respectively. Fastest growing Indonesian real estate group market cap grew by more than 9x to USD 1.9 billion 1 since the merger of eight property related companies in Market leader in townships & residential property, hospitals, and retail malls. Integrated business model with ability to recycle capital, and largest diversified landbank throughout Indonesia. Only Property Company rated by three rating agencies (BB- by Standard & Poor s 2, BB- by Fitch 3, Ba3 by Moody s 4 ) Included in MSCI Global Standard Indices & major Indonesia Stock Exchange Indices: LQ45,IDX30, Jakarta Islamic Index, Bisnis-27, Kompas-100, ISSI, MNC-36, and Investor-33. Strong International Partners and Shareholders. Multi Award winning Developer. 1 As of December Affirmed on March 3, Affirmed on April 2, Affirmed on May 29,

6 FOUR BUSINESS DIVISIONS RESIDENTIAL AND URBAN DEVELOPMENT HOSPITALS COMMERCIAL ASSET MANAGEMENT Development rights: 8,058 ha Land already acquired: 4,858 ha Landbank Inventory: 1,291 ha 20 hospitals with 4,791 beds capacity under the Siloam Hospitals network. 46 hospitals in the pipeline (Target: 50 hospitals and 10,000 beds capacity by 2017) National and International (JCI) accreditation Malls: Own and/or manage 40 malls (GFA of 3 million sqm) 15 malls in the pipeline Hotels: Own and/or manage 8 hotels with 1,664 rooms 10 upscale hotels and 40 midscale hotels in the pipeline by 2020 Manages 2 public listed REITs in SGX : First REIT & LMIRT USD2.2 billion Assets Under Management 03

7 REVENUE & EBITDA CONTRIBUTION REVENUE FY 14: Rp Trillion EBITDA FY 14: Rp3.632 Trillion 28% 12% 10% 60% 6% 6% 72% 6% Residential & Urban Development Commercial Hospitals Asset Management Source : Company as of FY

8 INCOME STATEMENTS : FY 2014 AND FY 2013 Rp bn REVENUE FY 14: RP TRILLION REVENUE FY 13: RP TRILLION Rp bn EBITDA FY 14: RP TRILLION 75% 102% EBITDA FY 13: RP TRILLION , Residential & Urban Development Source : Company as of FY Healthcare - Commercial - Asset Management Residential & Urban Development NPAT FY 14: RP TRILLION NPAT FY 13: RP TRILLION Healthcare - Commercial - Asset Management 107% 05

9 DIVERSIFIED LANDBANK AND PROJECTS INDONESIA Binjai Supermall Grand Palladium Medan Sun Plaza Plaza Medan Fair Lippo Plaza Medan Siloam Hospitals Medan Aryaduta Hotel Medan Aryaduta Hotel Manado Siloam Hospitals Manado Aryaduta Hotel Pekanbaru Siloam Hospitals Balikpapan Siloam Hospitals Jambi Palembang Square PSx Mall Siloam Hospitals Palembang Aryaduta Hotel Palembang Palembang Icon Mall Bandung Indah Plaza Istana Plaza Residential & Urban Development Hospitals Retail Malls Hotels JAVA City of Tomorrow, Surabaya Siloam Hospitals Surabaya KALIMANTAN Projects in Greater Jakarta Siloam in Greater Jakarta (8) Malang Town Square Siloam Hospitals Purwakarta SULAWESI St Moritz Panakukang Tanjung Bunga Township Siloam Hospitals Makassar GTC Makassar MALUKU Lippo Plaza Buton Siloam Hospitals Kupang Siloam Hospitals Nusa Dua, Kuta, Sunset (Bali) Lippo Plaza Sunset Lippo Mall Kuta PAPUA 06

10 DIVERSIFIED LANDBANK AND PROJECTS PROJECTS IN GREATER JAKARTA Jakarta Population : 12 million 1 Greater Jakarta Population : 30 million 1 JAVA SEA Pluit Village N International Airport Soekarno Hatta Metropolis Town Square Lippo Village Township Benton Junction Millenium Village (LV new CBD) Siloam Hospitals Lippo Village Siloam General Hospitals Aryaduta Hotel & Country Club WTC Matahari Royal Serpong Village BANTEN PROVINCE Residential & Urban Development Hospitals Retail Malls Hotels Offices TOLL ROAD 1 Indonesia Central Statistic Bureau WEST JAKARTA St. Moritz Lippo Mall Puri PX Pavilion Siloam Hospitals Kebon Jeruk Embarcadero Bintaro SOUTH JAKARTA Kemang Village Lippo Mall Kemang Siloam Hospitals TB Simatupang Siloam Hospitals Cinere Siloam Hospitals Asri Pejaten Village Depok Town Square Park View Apartments Gajah Mada Plaza Holland Village CENTER OF JAKARTA Aryaduta Hotel Jakarta Lippo Thamrin MRCCC Aryaduta Hotel Semanggi The Plaza Semanggi The Nine Residence EAST JAKARTA NORTH JAKARTA Kramat Jati Indah Plaza Tamini Square Cibubur Junction Bellanova Country Mall Eka Lokasari Mall Puncak Resort Grand Mall Bekasi Blu Plaza Bekasi San Diego Hills Memorial Park Lippo Cikarang Township Orange County (LC new CBD) Siloam Hospitals Lippo Cikarang Lippo Cikarang Mall Lippo Maxxbox Cikarang Citywalk Cikarang Maxxbox Cikarang WEST JAVA PROVINCE 07

11 MOST INTEGRATED BUSINESS MODEL IN INDONESIAN PROPERTY SECTOR DEVELOPERS Majority of Indonesian Developers Developer, Operator and REIT & Portfolio Managers PROPERTY OPERATIONS Majority of Indonesian Developers REITs Proven Experience & Track Record Prudent & Sustainable Financial Management Capitalizing on Group Synergies Sophisticated Marketing Existing Landbank & Proactive Land Acquisition Integrated Projects Across Property Value Chain Projects: Residential Industrial Commercial Service: Healthcare Hospitality Leased Mall Management Development Income Buyers: Individual Corporate Recurring Income Middle income and upper market segment THIRD PARTIES DEVELOPMENT AND OPERATING CAPABILITIES ACROSS THE SPECTRUM OF REAL ESTATE PRODUCTS 08

12 HIGHLY EXPERIENCED & PROFESSIONAL MANAGEMENT BOARD OF COMMISSIONERS: Theo L. Sambuaga Chairman Surjadi Soedirja Vice Chairman Agum Gumelar Tanri Abeng Farid Harianto H. Sutiyoso Muladi Viven Sitiabudi Benny Haryanto BOARD OF DIRECTORS: Ketut Budi Wijaya President Director Tjokro Libianto Stephen Choo Jenny Kuistono Rahmawaty Ninik Nathan SENIOR EXECUTIVES: Romeo Lledo MC Loh Johannes Janny Ivan Budiono 09

13 LIPPO KARAWACI : ON A TRANSFORMATIONAL JOURNEY Transforming USD3 billion to USD8 billion in 5 years. Performance and promotion to double Lippo Karawaci s Market Cap in short term. Build significant Leadership Premium. Globalize Lippo Karawaci Investor Base. Strengthen Residential / Township Group. Realize USD3 billion Retail Malls Group. Transformational Hospital Group scale-up to USD3.5 billion in 5 years. Build a USD7.5 billion Asset Management / REIT Group in 5 years. More focus on Asset-Turn Deals. Realize Maximum Value for Hotel Group. Build Strong Recurring Extraordinary Earnings. 10

14 GROWTH STRATEGIES RESIDENTIAL AND URBAN DEVELOPMENT HOSPITALS COMMERCIAL ASSET MANAGEMENT Enhance value of our landbank through various new infrastructure development and high quality residential and commercial products. Deliver as promised on our hospital expansion program whilst further enhancing our position as the leading hospital and healthcare group in Indonesia. RETAIL MALLS Execute on planned pipeline developments Expedite the development of pipeline projects Deliver a significant growth in scale in our REITs through our asset light strategy. Continue to complete and deliver on project pipeline with due consideration of recent regulations in a more realistic launch schedule Continue to diversify into other types of property developments, i.e. office. Ramp up our marketing sales to capitalise on current opportunities and our industry leading position. Continue our operational and cost efficiency programs to shorten stabilisation periods of new hospitals. Set the benchmark for innovative medical packages that meet the needs of our growing middle class. Create new medical package to meet the needs of broad market segment for world class healthcare Fast track asset enhancement projects in existing malls. Enhance process and culture to create Indonesia s premier malls operator. HOTELS Increase market share and profitability of our existing hotel portfolio Entry into the middle market through launch of three star hotel chain Continue to grow our fee income contribution which strengthen our recurring revenue base. Wider price range to capture broad market coverage 11

15 RESIDENTIAL & URBAN DEVELOPMENT LIPPO VILLAGE AT KARAWACI, JAKARTA WEST Development Rights 3,066 ha Residential Houses > 9,757 Condos > 1,120 Shophouses > 1,160 Land already acquired 1,184 ha Population > 58, km roads built, 56,850 trees planted, 21% green space Landbank inventory 285 ha Jobs 48,600 Total Area 132 ha Development Area 71 ha Artist Impression Green Area 125 ha Planned Development Total Towers Built > 70 Development Period 3 Phase Est. Building GFA > 6 mn sqm - Residential > 2 mn sqm - Medical City > 400,000 sqm - Commercial (Retail +Office) > 600,000 sqm - Mixed Use > 3 mn sqm Lippo Hotels > Five Star & Boutique Hotel Art District, Lippo World Expo, ZU Private Club, Lippo Grand Mall 12

16 RESIDENTIAL & URBAN DEVELOPMENT LIPPO CIKARANG, JAKARTA EAST Residential Industrial Development Rights 887 ha 2,364 ha Residential Houses > 12,500 Condos > 184 Shophouses > 892 Industrial No. of Factories > 800 Land already acquired 981 ha 1,776 ha Population > 45, km roads built, and 91,451 trees planted, Global Names : Toyota Tsusho, Hankook, Danone, Epson, Sanyo, KIA Motors Landbank inventory 163 ha 295 ha Workers 350,000 Total Area 280 ha Development Area 236 ha Artist Impression Open Area 44 ha Planned Development Total Towers Built > 50 Development Period 3 Phase Est. Building GFA > 6 mn sqm - Residential > 1.8 mn sqm - Commercial (Office & Retail) > 520,000 sqm - Mixed Use > 3.7 mn sqm Lippo Hotels > Five Star & Boutique Hotel Siloam Hospitals, University, School, Lippo Mall, Offices 13

17 RESIDENTIAL & URBAN DEVELOPMENT TANJUNG BUNGA, MAKASSAR, SOUTH SULAWESI SAN DIEGO HILLS MEMORIAL PARK AND FUNERAL HOME Development Rights 1,500 ha Residential Houses > 6,136 Shophouses > 172 Land already acquired 644 ha Population > 12,390 Landbank inventory 303 ha Jobs 12,117 Master Plan 500 ha Plot Sold 37,300 Land already acquired 125 ha Landbank inventory 94 ha (+ 14 ha family center & lake} 27 km roads built, and 7,136 trees planted, 14

18 A LANDMARK PROJECT SOUTH JAKARTA THE COSMOPOLITAN THE TIFFANY THE BLOOMINGTON THE INTERCON THE INFINITY SOLD (AS OF 31 DECEMBER 2014) THE RITZ 98% THE COSMOPOLITAN 97% THE EMPIRE 97% THE RITZ Rp 438 bio 100% completion Rp 388 bio 100% completion Rp 338 bio 100% completion THE EMPIRE THE TIFFANY THE INFINITY THE INTERCON JW MARRIOTT HOTEL 100% 100% 100% International School Rp 599 bio 100% completion Rp 386 bio 100% completion Rp 354 bio 100% completion LIPPO MALL KEMANG Construction Progress as at 31 Dec 2013 THE BLOOMINGTON 91% Rp 915 bio 63% completion PAYMENT PROFILE Cash 28% Mortgage 53% Monthly Installment 19% 15

19 TOTAL LAND AREA : 11.4 Ha PRESIDENTIAL SUITE (140 units) NEW PRESIDENTIAL SUITE (159 units) AMBASSADOR SUITE (144 units) ROYAL SUITE (231 units) NEW ROYAL SUITE (197 units) SOLD (AS OF 31 DECEMBER 2014) PRESIDENTIAL SUITES 96% AMBASSADOR SUITES 94% ROYAL SUITES 97% Rp 420 bio Rp 313 bio Rp 304 bio New AMBASSADOR SUITE (171 units) Hotel & Offices 100% completion NEW PRESIDENTIAL SUITES 84% 100% completion NEW AMBASSADOR SUITES 90% 100% completion NEW ROYAL SUITES 98% Rp 558 bio Rp 498 bio Rp 357 bio 65% completion 70% completion 100% completion PAYMENT PROFILE LIPPO MALL PURI Construction Progress as at 31 Dec 2014 Cash 27 % Mortgage 50 % Monthly Installment 23 % 16

20 PROJECTS LAUNCH IN 1H 2015 PASADENA SUITES ORANGE COUNTY, LC BURBANK ORANGE COUNTY, LC MONACO BAY MANADO, NORTH SULAWESI Type : Apartments Location : Cikarang, West Java Launched : 7 March 2015 SGA sold : 26,609 sqm Total no of unit : 419 ASP : Rp 16 mn/sqm Pre-sold : Rp 422 Bn [100%] Payment Profile on launched date Cash 17% Mortgage 6% Installment 77% Type : Apartments Location : Cikarang Tentative Launch Date : May 2015 Type : Apartments Location : Manado Tentative Launch Date : May

21 PROJECTS LAUNCHED IN 1H 2014 ST. MORITZ PANAKUKANG EMBARCADERO BINTARO WESTERN WING OFFICE TOWER AT HOLLAND VILLAGE Type : Apartments Location : CBD Makassar Launched : 18 Jan 2014 SGA sold : 10,838 sqm Total no of unit : 300 ASP : Rp 18 mn/sqm Pre-sold : Rp 213 Bn [75%] Payment Profile on launched date Cash 23% Mortgage 1% Installment 76% Type : Apartments Location : South Jakarta Launched : 8 Mar 2014 SGA sold : 16,290 sqm Total no of unit : 400 ASP : Rp 19 mn/sqm Pre-sold : Rp 324 Bn (83%) Payment Profile on launched date Cash 13% Mortgage 18% Installment 69% Type : Office Tower Location : Central Jakarta Launched : 9 May 2014 SGA sold : 16,341 sqm Number of floor : 18 ASP : Rp 22 mn /sqm Pre-sold : Rp 362 Bn [78%] Payment Profile on launched date Cash 5% Mortgage 80% Installment 15% 18

22 PROJECTS LAUNCHED IN 2H 2014 HILLCREST+ FAIRVIEW LIPPO VILLAGE HOLLAND VILLAGE SECOND PHASE EMBARCADERO BINTARO EASTERN WING IRVINE + WESTWOOD LIPPO CIKARANG Type : Apartments Location : Tangerang Launched : 23 Aug 2014 SGA sold : 37,469 sqm Total no of Units : 239 (H) + 65 (F) ASP : Rp 21 mn /sqm Pre-sold : H: Rp 641 Bn (90%) F: Rp 189 Bn (100%) Type : Apartments Location : Central Jakarta Launched : 4 Oct 2014 SGA sold : 18,779 sqm Total no of unit : 190 ASP : Rp 27 mn/sqm Pre-sold : Rp 504 Bn (90%) Type : Apartments Location : South Jakarta Launched : 8 Nov 2014 SGA sold : 7,249 sqm Total no of unit : 156 ASP : Rp 21 mn/sqm Pre-sold : Rp 155 Bn (91%) Type : Apartments Location : Cikarang, West Java Launched : 29 Nov 2014 SGA sold : 46,222 sqm Total no of unit : 817 ASP : Rp 16 mn/sqm Pre-sold : Rp 739 Bn (100%) Payment Profile on launched date Cash 8% Mortgage 9% Installment 83% Payment Profile on launched date Cash 6% Mortgage 14% Installment 80% Payment Profile on launched date Cash 6% Mortgage 4% Installment 90% Payment Profile on launched date Cash 7% Mortgage 3% Installment 90% 19

23 PRE-SOLD PROJECTS UNDER CONSTRUCTION OFFICE TOWER AT THE ST. MORITZ THE NINE RESIDENCE PARK VIEW APARTMENTS HOLLAND VILLAGE LIPPO THAMRIN Type : Office Tower Location : West Jakarta GFA : 20,280 sqm Number of floor : 13 ASP : Rp 20 mn/sqm Pre-sold : Rp 295 Bn [90%] Type : Apartments Location : South Jakarta Launched : 4 August 2012 Land area : 0.9 Ha Number of unit : 352 ASP : Rp 18 mn/sqm Pre-sold : Rp 251 Bn [100%] Type : Apartments [2 towers] Location : Depok Launched : 2011 Number of units : 839 ASP : Rp 9 mn/sqm Pre-sold : Rp 247 Bn [100%] Type : Apartments Location : Central Jakarta Launched : 18 May 2013 Land area : 4 Ha Number of units : 240 ASP : Rp 20 mn/sqm Pre-sold : Rp 510 Bn [100%] Type : Office Tower Location : CentralJakarta Launched : Oct 2013 GFA : 13,055 sqm Number of floor : 13 ASP : Rp 47.5m /sqm Pre-sold : Rp 619 Bn [100%] 20

24 PREMIER HOSPITAL GROUP MATURE AND DEVELOPING HOSPITALS 24 SILOAM HOSPITALS LIPPO VILLAGE TANGERANG (West of Jakarta) 308 Bed Capacity JCIA 230 GP and Specialists 442 Nurses Centre of Excellence : Cardiology, Neuroscience, Orthopedics & Emergency SILOAM HOSPITALS KEBON JERUK WEST JAKARTA 283 Bed Capacity 203 GP and Specialists 333 Nurses Centre of Excellence : Urology, Orthopedics, Cardiology & Emergency SILOAM HOSPITALS SURABAYA EAST JAVA 162 Bed Capacity 145 GP and Specialists 256 Nurses Centre of Excellence : Fertility Treatment, Cardiology & Emergency SILOAM HOSPITALS CIKARANG BEKASI (East of Jakarta) 109 Bed Capacity 91 GP and Specialists 156 Nurses Centre of Excellence : Occupational Health & Emergency MRCCC SILOAM SEMANGGI SOUTH JAKARTA 334 Bed Capacity 176 GP and Specialists 212 Nurses Centre of Excellence : Cancer, Liver & Emergency SILOAM HOSPITALS JAMBI EAST SUMATERA 100 Bed Capacity 69 GP and Specialists 123 Nurses Centre of Excellence : Emergency 83.0% Ownership SILOAM HOSPITALS BALIKPAPAN EAST KALIMANTAN 232 Bed Capacity 103 GP and Specialists 141 Nurses Centre of Excellence : Orthopedics & Emergency 79.45% Ownership 21

25 PREMIER HOSPITAL GROUP NEW HOSPITALS IN SILOAM GENERAL HOSPITAL (RSUS) TANGERANG (West of Jakarta) 640 Bed Capacity 25 GP and Specialists 244 Nurses Centre of Excellence : Emergency SILOAM HOSPITALS CINERE DEPOK (South of Jakarta) 40 Bed Capacity 16 GP and Specialists 57 Nurses Centre of Excellence: Cardiology SILOAM HOSPITALS MANADO NORTH SULAWESI 230 Bed Capacity 97 GP and Specialists 143 Nurses Centre of Excellence : Emergency 80.0% Ownership SILOAM HOSPITALS MAKASSAR SOUTH SULAWESI 360 Bed Capacity 101 GP and Specialists 220 Nurses Centre of Excellence : Cardiology, Endocrinology & Emergency SILOAM HOSPITALS PALEMBANG SOUTH SUMATERA 357 Bed Capacity 128 GP and Specialists 184 Nurses Centre of Excellence : Gastroenterology & Emergency 22

26 PREMIER HOSPITAL GROUP NEW HOSPITALS IN SILOAM HOSPITALS BALI BALI 283 Bed Capacity 109 GP and Specialists 149 Nurses Centre of Excellence : Treatment for tourists, Orthopedics, Cardiology & Emergency BIMC KUTA BALI 21 Bed Capacity 51 GP and Specialists 61 Nurses Centre of Excellence : Treatment for tourists & Emergency SILOAM HOSPITALS TB SIMATUPANG SOUTH JAKARTA 269 Bed Capacity 118 GP and Specialists 123 Nurses Centre of Excellence : Cardiology, Oncology, Neuroscience & Emergency BIMC NUSA DUA BALI 20 Bed Capacity 57 GP and Specialists 69 Nurses Centre of Excellence : Cosmetic Surgery & Emergency 23

27 PREMIER HOSPITAL GROUP NEW HOSPITALS IN SILOAM HOSPITALS PURWAKARTA WEST JAVA 210 Bed Capacity 39 GP and Specialists 148 Nurses Centre of Excellence : Emergency SILOAM HOSPITALS KUPANG EAST NUSA TENGGARA 405 Bed Capacity 36 GP and Specialists 29 Nurses Centre of Excellence : Emergency SILOAM HOSPITALS ASRI SOUTH JAKARTA 40 Bed Capacity 90 GP and Specialists 92 Nurses Centre of Excellence : Urology SILOAM HOSPITALS MEDAN NORTH SUMATERA 388 Bed Capacity 40 GP and Specialists 62 Nurses Centre of Excellence : Emergency & Trauma There are currently 46 sites under various stages of development 24

28 DOMINANT POSITION IN RETAIL DEVELOPMENT & PROPERTY MANAGEMENT MANAGES 40 MALLS THROUGHOUT INDONESIA Located in 12 major cities with more than 12,000 retailers 3 million sqm GFA As of Dec 31, 2014 : Overall average occupancy 82% and 94% in LMIRT properties LIPPO MALL PURI PX PAVILLION LIPPO MALL KUTA NEW MALLS IN THE PIPELINE: CITYWALK CIKARANG MAXXBOX CIKARANG MAXXBOX KARAWACI LIPPO PLAZA MAMPANG BENTON JUNCTION LIPPO PLAZA BUTON 25

29 MANAGES 8 HOTELS THROUGHOUT INDONESIA Pipeline: 10 upscale hotels and 40 midscale hotels by 2020 As of Dec 31, 2014 : Overall average occupancy 71% HOTEL ARYADUTA LIPPO VILAGE (192 rooms) HOTEL ARYADUTA JAKARTA (302 rooms) HOTEL ARYADUTA MEDAN (198 rooms) HOTEL ARYADUTA PEKANBARU (158 rooms) HOTEL ARYADUTA MANADO (146 rooms) HOTELS UNDER ARYADUTA MANAGEMENT : HOTEL ARYADUTA SEMANGGI (274 rooms) HOTEL ARYADUTA HOTEL ARYADUTA MAKASSAR (224 rooms) PALEMBANG (170 rooms) 26

30 ASSET MANAGEMENT UNIQUE FOR AN INDONESIAN PROPERTY COMPANY 100% 100% 100% 100% BOWSPRIT CAPITAL CORPORATION LTD 33.67% LMIR TRUST MANAGEMENT LTD 29.89% PT LIPPO MALLS INDONESIA PT ARYADUTA INTERNATIONAL MANAGEMENT REIT MANAGER Code : FIRT REIT MANAGER Code : LMRT MALL MANAGEMENT SERVICES HOTEL OPERATOR Management Fee Management Fee Management Fee Fees -Base fee : 0.4% p.a. of the value of the Deposited Property. -Performance fee : 5.0% p.a. of the Net Property Income. - Investment & Divestment fee. -Base fee : 0.25% p.a. of the value of the Deposited Property. -Performance fee : 4.0% p.a. of the Net Property Income. - Investment & Divestment fee. - 2% p.a. of the gross revenue of the retail malls. - 2% p.a. of the Net Property Income of the retail malls % p.a. of the retail malls in lieu of leasing commission. Fees consists among others Management Fee and Incentive Fee which computed based on certain percentage from Revenue and GOP, respectively. As of 31 December 2014 IN SINGAPORE IN INDONESIA 27

31 FINANCIAL PERFORMANCE

32 STRONG FINANCIAL PERFORMANCE TOTAL REVENUE (RP TRILLION) EBITDA (RP BILLION) NET PROFIT AFTER TAX (RP BILLION) ) ) 0,6 3,632 2) 2,547 2) 3,326 3) 2,166 3) , ) 4,19 0,88 5,28 6, , ,686 1) , ,060 1) P P P 1) FY 2012 includes Revenue, EBITDA, and Extraordinary Net Income After Tax amounting to Rp879M, Rp 365 M and Rp 358M respectively 2) FY 2014 includes Revenue, EBITDA and Extraordinary Net Income After Tax amounting to Rp 3.39T, Rp 1.38T and 1.21T respectively 3) FY 2015P includes Revenue, EBITDA and Extraordinary Net Income After Tax amounting to Rp 600M, Rp 252M and 222M respectively Source : Company as of FY

33 BALANCE SHEET AS OF 31 DECEMBER Rp Billion TOTAL ASSET TOTAL LIABILITIES TOTAL EQUITY TOTAL DEBT CASH AND CASH EQUIVALENTS D/E RATIO NET GEARING RATIO Source : Company as of FY

34 DEBT MATURITY PROFILE* USD million Coupon rate 7% pa Coupon rate 6.125% pa Coupon rate 7% pa ,00 150, Bonds Bank Negara Indonesia * Bank Loans (except Bonds) are denominated in IDR Source : Company as of FY 2014 Bank Central Asia Bank Pembangunan Daerah Kalimantan Timur 31

35 ATTRACTIVE ASSET VALUE URBAN DEVELOPMENT: Ownership (%) Land Area (ha) Assets Value (Rp bn) Lippo Village ,377 Lippo Cikarang ,274 Tanjung Bunga ,492 San Diego Hills ,000 Micro Suburbs SUB TOTAL 1) 45,403 LARGE SCALE INTEGRATED DEVELOPMENT: City of Tomorrow (retail, apart, inv & hotel) Kemang Village ,787 St Moritz ,232 Others (land, retail space inv & other devt) 100 2,235 SUB TOTAL 1) 7,919 RETAIL MALLS: 3 Malls 100 1,749 Retail Space Inventory SUB TOTAL 2) 2,472 HOTELS: 2 Hotels FREIT 680 Hotels 100 1,673 SUB TOTAL 2) 2,353 REIT Units 3) 5,503 HOSPITALS 4) ,481 ESTIMATED TOTAL ASSET VALUE 76,131 Add: Cash 3) 3,529 Less: Debt 3) 9,997 Less: Advances from Customers 3) 5,152 ESTIMATED NAV 64, Appraised value as of 31 Dec 2013 by: - Rengganis Hamid & Partner (in stategic alliance with CB Richard Ellis) & - Ihot, Dollar & Raymond (an independent member of Baker Tilly International) Business Value : - Malls % WACC - Hotels % WACC As of 30 Dec 2014 Market Cap as of 30 Dec

36 PROPERTY MARKETING SALES PROJECTS (in Rp Bn) Q1'14 Q1'15 Budget 2015 Townships : Lippo Village Lippo Cikarang* 1,301 2,061 1,698 1, ,500 Tanjung Bunga San Diego Memorial Park Sub Total 1,882 3,064 2,400 2, ,190 Condomininums : Kemang Village Millenium Village (LV) Orange County (LC) ,000 St. Moritz (JKT) Park View Nine Residence St. Moritz Makassar Embarcadero Holland Village New Projects Sub Total 1,161 1,501 1,034 2, ,829 Offices : St Moritz Office (JKT) Lippo Office Thamrin Holland Village Office Millenium Village Office Sub Total Strata-titled Mall Inventory Sub Total Total Property Marketing Sales 3,178 4,683 4,116 5, ,400 6,000 Assets sold to the REITS - 2,077 1,482 3, Total Marketing Sales 3,178 6,760 5,598 8, ,400 6,600 Note : *Lippo Cikarang on FY14 includes JV DS-8 amounted to Rp 576 bn, Q1'15 amounted to Rp 234 bn and for FY2015 budgeted Rp 500 bn 33

37 APPENDICES

38 LIPPO GROUP An Indonesian Business Leader Growing in Stewardship Impacting Lives REGIONAL PRESENCE IN CHINA, HONG KONG, SINGAPORE, PHILIPPINES, KOREA, MACAU INDONESIA PROPERTY PT Lippo Karawaci Tbk (LPKR.IJ) HOSPITALS PT Siloam International Hospitals Tbk (SILO.IJ) RETAIL PT Matahari Putra Prima Tbk (MPPA.IJ) PT Matahari Dept. Store Tbk (LPPF.IJ) MEDIA PT First Media Tbk (KBLV.IJ) PT Berita Satu Media Holdings TECHNOLOGY PT Multipolar Technology Tbk (MLPT.IJ) PT Link Net Tbk (LINK.IJ) EDUCATION Yayasan Pelita Harapan FINANCIAL SERVICES PT Lippo General Insurance Tbk (LPGI.IJ) PT Bank National Nobu Tbk (NOBU.IJ) 35

39 INDONESIA: ATTRACTIVE GROWING MARKET Economic Indicators Size of Middle Class (in mn) Assumption Economic Growth (%) Inflation Rate (%) Exchange Rate (Rp/USD) 12,189 12,440 12,500 3-month SBI Rate (%) Oil Price (USD/bbl) Lifting (k bbl/day) Source : Bank of Indonesia, Statistics Indonesia, World Bank Indonesia : The Most attractive investment destination in ASEAN Source : Indonesia Investment Coordinating Board 36

40 INDONESIA PROPERTY SECTOR HAS ROOM TO GROW Rapid urbanisation Growing middle class Strong savings and income growth Low mortgage penetration Property as investment Improving regulatory environment Banking innovation Property prices cheapest in the region Highest yields in the region ASIA PACIFIC PROPERTY Capital Value (USD/sqm) Hong Kong Singapore Bangkok Manila Kuala Lumpur Jakarta HOUSING AFFORDABILITY Country House price per sqm GDP per capita Housing (in USD) (in USD) Affordability (A) (B) C= (A/B) X 12 Indonesia 2,544 3, Phillipine 2,807 2, Malaysia 2,629 8, Thailand 3,282 5, Singapore 17,709 50, Hongkong 20,660 34, China 6,932 5, India 11,604 1, USA 15,284 48, UK 17,575 39, Source : Global Property Guide Rental Yield Manila 7,06% Jakarta 7,05% Bangkok 6,29% Kuala Lumpur 4,87% Hong Kong 3,00% Singapore 2,41% Source : Global Property Guide 37

41 PROPERTY FOREIGN OWNERSHIP LAND TITLES AVAILABLE : 1. Freehold : may be held by Indonesian citizens only (not even by fully Indonesian- owned companies). 2. Right to Build (renewable leasehold) : may be held by Indonesian citizens and any company established in Indonesia for an initial 30 years. 3. Right to Use (renewable leasehold) : may be held by Indonesian citizens, any company and foreign citizens, for an initial 25 years. OPTIONS FOR FOREIGN OWNERSHIP : 1. Establish a company with approval for full or part foreign ownership (PMA company) to own the property. 2. Purchase the property in your own name under Right to Use title. 3. Through Indonesian nominees, establish a locally owned company. 4. Use an Indonesian professional third party corporate nominee. 5. Private unregistered lease. 6. Establish a person to person arrangement with an Indonesian private individual who will personally own the property. 38

42 OVERVIEW OF JAKARTA S CONDOMINIUM MARKET Source : Q Market Review for Jakarta Jones Lang LaSalle Research 39

43 OVERVIEW OF JAKARTA S RETAIL MARKET Source : Q Market Review for Jakarta Jones Lang LaSalle Research 40

44 OVERVIEW OF JAKARTA S OFFICE MARKET - CBD AREA Source : Q Market Review for Jakarta Jones Lang LaSalle Research 41

45 OVERVIEW OF JAKARTA S OFFICE MARKET non CBD AREA Source : Q Market Review for Jakarta Jones Lang LaSalle Research 42

46 Indonesia - Severely Underserved Healthcare Market Beds and Doctors Beds /1,000 population 3,50 3,00 238,373 beds v. Global: Shortage of 229,491 beds (1) v. OECD: Shortage of 977,189 beds (1) Global Average = 3.0 OECD Average = ,84 2,84 2,95 Doctors /1,000 population 3,00 2,50 70,655 doctors v. Global: Shortage of 267,000 doctors (1) v. OECD: Shortage of 718,086 doctors (1) OECD Average = ,31 2,79 2,50 2,00 2,01 2,16 2,00 1,77 Lack of Beds 1,50 1,00 0,97 1,02 1,63 and Qualified Doctors 1,50 1,00 Global Average = 1.4 0,74 1,26 1,48 0,50 0,50 0,30 0,31 0,00 (2) 0,00 (2) Indo India MY TH SG UK US China TH Indo India MY China SG US UK Indonesia s bed to population ratio way below global average Ample opportunity for private healthcare operators to fill the supply gap Doctor to population ratio also way below global average Ability to attract and retain doctors and specialists is a critical success factor for hospitals 43

47 INDONESIA HEALTHCARE LANDSCAPE Population Growth Primary Care Accessibility Now = 240 Million 2040 = 360 Million Now = 8, = 12,000 Universal Coverage Health Spend 58% Coverage 100% Coverage USD 20 Bn USD 640 Bn Now= 140 Million 2017 = 264 Million Now = 2.5% of GDP (USD 800 Bn) 2040 = 8% of GDP (USD 8Tr) Changing Disease Pattern Morbidity Per Capita Spend 45% 55% 35% 65% 1 st 10 Years USD 82 USD 1,780 60% Succeeding 20 Years 40% Now Infection Life-Style 2017 Now

48 MARKET DRIVERS & RESTRAINTS IN INDONESIA S HEALTHCARE SECTOR MARKET DRIVERS A large population base with a booming economy, emerging middle class and rising affluent Longer life expectancy and a population pyramid increasing towards the older population The epidemiological transition has presented Indonesia s healthcare sector with a double burden Universal health insurance coverage would give more people access to healthcare services Shortage of healthcare professionals Quality of healthcare professional education Lost of domestic spending in Indonesia due to high level of outbound medical tourism MARKET RESTRAINTS 2012 KPMG Services Pte. Ltd (Registration No G), a Singapore incorporated company & a member firm of the KPMG network of indpendent member firms affiliated with KPMG international cooperative ( KPMG International ), a Swiss entity. All rights reserved. 45

49 HOSPITALS IN INDONESIA YEAR No OWNER 31 Dec Dec Dec Dec Dec Dec Dec 14 1 MOH PROVINCE GOVERNMENT 3 MUNICIPAL GOVERNMENT DISTRICT GOVERNMENT ARMY / POLICE OTHER MINISTRIES / PUBLIC COMPANIES PRIVATE ,179 1,314 1,472 TOTAL 1,371 1,523 1,632 1,721 2,066 2,228 2,409 Source : Ministry of Health 46

50 COUNTRIES HEALTH PROFILE Indonesia Vietnam Malaysia Singapore South Korea India China Australia USA UK Hospital beds/ 10, Physician/10, Nurse & Midwife / 10, Life expectancy at birth (years) IMR per 10,000 live birth MMR per 10,000 live birth % Government Expenditure % Private Expenditure Healthcare Spend as % of GDP Per capita total expenditure on healthcare (USD) ,556 2, ,890 8,467 3,364 Source : WHO

51 LIPPO KARAWACI S MILESTONES Corporate Actions June Initial Public Offering of 30.8 mn shares February 1 st Rights Issue of mn shares at Rp 500/share, issued & listed on the JSX & SSX August Stock Split 1 for 2 March USD 250 mn bonds issuance, at the rate of 8.875% p.a. issue price 100%, due 2011 November LMIRT was listed in SGX, sponsored by the Company November Total 1,055 mn warrants are fully exercised, generating total cash of Rp 923 bn May USD 270 mn bonds issuance, at the rate of 9% p.a. Issue price 100%, due 2015 May Non Pre-emptive Rights Issuance of 1.45 bn new shares at Rp 660/share, March USD 125 mn bonds issuance, at the rate of 9% p.a. offered at 108%, due 2015 October USD 100 mn bonds issuance, at the rate of 7% p.a. offered at %, due 2019 May USD 150 mn bonds issuance, at the rate of 7% p.a. offered at 99.32%, due 2019 April USD150 mn bonds issuance, at the rate of 7% p.a. offered at par due 2022 March LPKR placed 82.5 mn SILO shares or 7.1% of total shares outstanding for total proceed of Rp 858bn January 2 nd Rights Issue of mn new shares at Rp 1,050/share December The listing of First REIT on the SGX, offering mn units at price of SGD 0.71/unit December Stock Split 1 for 2.5 December 3 rd Rights Issue of 4.32 bn new shares at Rp 550/share, November USD273.3 mn Debt Exchange at the rate of 6.125% p.a. due 2020 January USD 130 mn bonds issuance, at the rate of 6.125% p.a. offered at 104.4%, due 2020 September SILO successfully listed in IDX at Rp 9000/share, valuing Siloam at USD 1 billion February LPKR placed 92.8 mn SILO shares or 8% of total shares outstanding for total proceed of Rp 1.14 trillion 48

52 LIPPO KARAWACI S MILESTONES October Corporate Developments Established under the name PT Tunggal Reksakencana January Started Lippo Village Township October Started Lippo Cikarang Township September Launched its first retail strata-titled project, and followed by 7 others July Merger of 8 propertyrelated companies, in Property, Healthcare & Hospitality business July Launched Kemang Village, a large scale integrated dev t. in South Jakarta January Launched San Diego Hills Memorial Park August Opened Px Pavilion at St Moritz, as part of integrated development in West Jakarta January The Company formalised its 6 BU : Urban Devt, Large Scale Integrated, Healthcare, Retail Malls, Hospitality & Infras, and Property & Portfolio Mgmt. January Launched St Moritz Panakukang, an integrated development in the city center of Makassar March Launched Embarcedero, an integrated development in Bintaro, South Jakarta May Launched Holland Village Office Tower in Central Jakarta August Launched Hillcrest House and Faiview Tower as part of Millenium Village (new CBD in LV) June Started Tanjung Bunga Township September Launched City of Tomorrow (CITO), its first large scale integrated development in Surabaya August Launched The St.Moritz, a large scale integrated development in West Jakarta December Opening of Pejaten Village, its first leased mall, in South Jakarta August Launched Nine Residence, a large scale integrated development in North Kemang Jakarta May Launched Holland Village, a large scale integrated development in Central Jakarta October Launched Lippo Thamrin, an Office Tower in CBD Jakarta October Launched Holland Village Second Phase 190 condo Units in Central Jakarta November Launched Embarcadero Eastern Wing, 156 condo units in South Jakarta November Launched Irvine Suites as part of Orange County, a new CBD in Lippo Cikarang March Launched Pasadena 3 rd tower in Orange County, a new CBD in Lippo Cikarang 49

53 LATEST AWARDS Lippo Cikarang voted as one of The Region s Top 200 Small and Midsize Companies (from Forbes Asia) Siloam Hospitals received Indonesia Hospitals Service Provider of the Year 2014 (from Frost & Sullivan) Siloam Hospitals received Asia Patient Safety Award 2014 (from Intl Congress on Patient Safety in India) Lippo Karawaci received Bronze Champion Indonesia Wow Brand 2014 for Residential Prop Devt (Asset > IDR 20 Trillion) (from Mark Plus Inc) Lippo Karawaci received Property Indonesia Award 2014 The Best Performance (from Property Indonesia) Lippo Karawaci included in Top 50 Publicly Listed Co s in Indonesia in ASEAN Corporate Governance Scorecard 2014 (from Asian Devt Bank ) Lippo Cikarang voted as one of Top 50 Companies in Indonesia in 2014 (from Forbes Indonesia) Lippo Karawaci received Top Ten Developer In Indonesia 2014 (from BCI Asia) Siloam Hospitals received The European Awards for Best Practices 2014 (from European Society for Quality Research (ESQR)) Lippo Karawaci received Most Admired Companies 2014 The Third in Property Industry (from Fortune Indonesia) Lippo Karawaci received The 2014 Best Company For Leadership Property Development in Indonesia (from IAIR Hongkong) 50

54 SHARE PRICE PERFORMANCE Closing Price (Rp) Jun- 04 Dec- 04 Jun- 05 Dec- 05 Jun- 06 Dec- 06 Jun- 07 Dec- 07 Jun- 08 Dec- 08 Jun- 09 Dec- 09 Jun- 10 Dec- 10 Jun- 11 Dec- 11 Jun- 12 Dec- 12 Jun- 13 Dec- 13 Volume (Shares) Jun- 14 Dec (LPKR.JK ; LPKR IJ) Average Daily Trading Value Jan 14 Dec 14 (in USD) Market Cap as of 30 Dec 2014 in Comparison with Peers (in USDmn) Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec Lippo Karawaci Bumi Serpong Damai Pakuwon Jati Summarecon Agung Ciputra Development 884 Alam Sutra 552 Agung Podomoro Source : Indonesia Stock Exchange 51

55 TOP 20 LISTED COMPANIES BY TRADING VALUE Period : January March Most Active Stocks by Trading Value No. Listed Stocks 1. Bank Rakyat Indonesia (Persero) Tbk. 1,908,819,746 23,366,264,921, , Astra International Tbk. [S] 2,591,667,346 20,269,982,246, Telekomunikasi Indonesia (Persero) Tbk. [S] 6,518,874,993 18,804,080,012, Bank Mandiri (Persero) Tbk. 1,506,871,254 Total Trading Volum e Value (Rp) % 17,363,555,755, Matahari Department Store Tbk. 829,785,610 12,924,120,376, Freq. (X) Trading Days 230, , , , Perusahaan Gas Negara (Persero) Tbk. [S] 2,294,589,428 12,104,515,394, Bank Central Asia Tbk. 866,252,556 11,992,569,437, Bank Negara Indonesia (Persero) Tbk. 1,777,168, Matahari Putra Prima Tbk. [S] 2,658,945,446 10,160,576,085, Semen Indonesia (Persero) Tbk. [S] 594,188,968 8,691,605,536, Indofood Sukses Makmur Tbk. [S] 967,915,407 7,163,156,758, Sekaw an Intipratama Tbk. [S] 17,596,026,084 6,969,902,354, Lippo Karawaci Tbk. [S] 6,211,524,422 6,924,144,337, Bank Tabungan Pensiunan Nasional Tbk. 1,147,595,084 6,448,630,945, Bumi Serpong Damai Tbk. [S] 3,063,015,354 6,228,152,304, Pakuw on Jati Tbk. [S] 12,256,354,605 11,671,203,356,336 6,100,805,572, Indocement Tunggal Prakarsa Tbk. [S] 251,727,912 5,775,188,191, Waskita Karya (Persero) Tbk. [S] 3,487,713,567 5,760,166,427, Kalbe Farma Tbk. [S] 3,012,358,351 5,486,933,794, Capitalinc Investment Tbk. 24,379,375,580 5,455,758,760, , , , , , , , , , , , , , , , Source : IDX 52

56 INVESTOR RELATIONS Mark Wong (Executive Director) Address : Menara Matahari, 22 nd Floor 7 Boulevard Palem Raya Lippo Village Tangerang Banten Indonesia telp fax website : 53