SURA SEME : SSIA Corporate Presentation – 1Q24

PT Surya Semesta Internusa Tbk ("SSIA")

Review First Quarter 2024

www.suryainternusa.com

Surya Semesta Internusa in Summary

SSIA In Summary

Significant Events

SSIA's Sustainability

1Q24 Financial Highlights

• Consolidated Profit & Loss
• Consolidated Balance Sheet

Table of Contents

1Q24 & FY24 Outlook

of Business Segments

PROPERTY

• Development & management of industrial estates, real estate, buildings and commercial centers

CONSTRUCTION

• General contractor services for commercial buildings, mining and infrastructure

HOSPITALITY

• Development and management of hotels and resorts

SUBANG SMARTPOLITAN

1

Surya Semesta Internusa in Summary

Corporate Structure and Key Projects

PT Surya Semesta Internusa Tbk

Market cap: IDR 4.2tn / US$ 263mn

100%

100%

100%

PT Suryacipta

PT TCP

PT Sitiagung

Makmur

Swadaya

Internusa

(asset owner)

•

Suryacipta City

•

Glodok Plaza

• Umana Bali,

of Industry

(retail)

LXr Hotels &

(Industrial

•

SSI Tower

Resorts

Estate -

(formerly Graha

(formerly

1,400ha)

Surya

Jumana Bali)

•

Subang

Internusa -

Resort)

office) (1)

(owns the

Smartpolitan

•

Edenhaus

asset)

(2,717ha)

Simatupang

(residential)

Property

	66.0%		100%		86.8%		100%
	PT Nusa
	Raya Cipta		PT Ungasan
	Tbk		PT Suryalaya		PT Surya
		Semesta
Market Cap:			Anindita		Internusa
	Resort
IDR 827bn /			International		Hotels
	(operator)
	US$ 52mn
•	High rise	•	Umana Bali,	•	Gran Meliá	•	BATIQA Hotel
	buildings		Karawang,
		LXr Hotels &		Jakarta
•	Commercial				Cirebon,
	Resorts	•	Meliá Bali
	facilities			Jababeka,
		(formerly		Hotel
•	Large scale				Palembang,
	Jumana Bali)
	manufacturing
		Resort)				Pekanbaru,
	facilities
		(operator)				Lampung,
•	Infrastructure
					Surabaya,
	(bridges,
						Jayapura
	highways and
	jetties)					•	Travelio
Construction			Hospitality
& Infrastructure

Listed entities on IDX	Subsidiary	Shareholding information & Market data as of 31 March 2024. USD:IDR exchange rate of 15,853 used.
Note: (1) Currently not in operations
building a better indonesia		3

SSIA Management - Strong Operating Record

Board of Commissioners

>45 Years	>25 Years	>50 Years	>35 Years	>35 Years
Experience	Experience	Experience	Experience	Experience
Hagianto Kumala	Cresento Hermawan	Steen Dahl Poulsen	F. Bedjo Wiantono	Irawan Chandra
President Commissioner	Vice President Commissioner	Commissioner	Commissioner	Independent Commissioner
Prior work experience within Astra Group

Board of Directors
>35 Years	>45 Years		>35 Years	>25 Years	>25 Years
Experience		Experience	Experience
Experience		Experience
Johannes Suriadjaja	Eddy P. Wikanta	The Jok Tung	Wilson Effendy	Sonny Satia Negara
President Director	Vice President Director	Director	Director		Director

building a better indonesia	4

Surya Semesta Internusa in Summary

Company Highlights

• Established and commenced operations in 1971, SSIA's primary businesses are in construction, property and hospitality sectors
• One of the Leading Listed Developers in Indonesia(1)
• • Market Capitalization of IDR 4,165bn / US$ 263mn
  • 1Q24 Total Equity of IDR 4,503bn / US$ 284mn
  • FY23 EBITDA(3) of IDR 726bn / US$ 46mn
  • 1Q24 EBITDA(3) of IDR 147bn / US$ 9mn
  • Established presence in fourteen Indonesian cities
• Suryacipta City of Industry is the company's pioneer project with total location permit of 1,400 ha
• Subang Smartpolitan is the company's largest project with total location permit of 2,717 ha

Note:

1. Market data as of 31 March 2024, based on USD:IDR of 15,853
2. Recurring revenue comprises that of hotel, rental, parking and maintenance.
3. EBITDA defined as net income, before interest expenses, tax expenses, depreciation and amortization expenses, includes JO income (loss)

Shareholding Structure

8.7%

8.4%

8.0%

5.0% 0.7%

69.2%

Core Businesses

Non-Recurring

Construction

Industrial Estate Land

Real Estate (Residential)

• High rise buildings
• Commercial and manufacturing facilities
• Infrastructure
• Suryacipta City of Industry
• Subang Smartpolitan
• Construction toll road

PT Arman Investments Utama

Intrepid Investments Limited

PT Persada Capital Investama

Reksa Dana Syariah HPAM Ekuitas Syariah Berkah

SSIA BOD

Others

Shareholding as of 31 March 2024

Total Outstanding Shares : 4,602 million

Treasury Stock : 102,9 million shares

Recurring(2)

Hotel

Rental, Parking & Maintenance

• Resorts and Villas
• Business Hotels
• 5-starHotels

building a better indonesia	5

PT Surya Semesta Internusa Tbk

• Operating track record in property sector can be traced back to over 50 years in early 1970s
• Significant growth since IPO
• • Raised over IDR 545 billion equity(1)
  • Raised over IDR 1,600 billion in debt
  • Market cap increased from IDR0.6tn (IPO) to current IDR4.2tn(2)

			2006
		1996	Development of
	1991	Developed a	the ultra-high-end
	Banyan Tree
1976		5-star Gran	Resort in
	Meliã Hotel and
Developed 1,400	Ungasan, Bali
	Graha Surya
Glodok Plaza	hectare industrial
Internusa Office
estate
inauguration,
Building
development in
Indonesia's first
Karawang, West
modern shopping
Java
center in
Chinatown, Jakarta

2010

Launched opening Banyan Tree Ungasan Resort, Bali

				2017
		2014
2012	•	Acquired location	Divestmet
	permit of 2,000 ha	Cikopo Palimanan
•	Issued IDR		in Subang, West	Toll road at 3X BV
	700 billion bond		Java
•	Distribute first	•	Launched first
	dividend since IPO		BATIQA hotel in
	in 1997		Karawang

• Invested in - Cikopo-Palimanan

Toll Road

Joint venture with Mitsui & Co and TICON in warehousing/ factory business

2022

Divestment of SLP & SIT (3) worth total of Rp562.2bn

Entered into a property development company to develop Golden Triangle area

in Kuningan

1971

Developed Meliã Bali Hotel,

1. 494-room,
   5-star hotel in Nusa Dua, Bali

1983

					Openning of Cikopo	Grounbreaking
					- Palimanan toll	Subang Smarpolitan
					road
						2020
		Consolidated its	Conducted	IPO of	2015
		Nusa Raya Cipta
		stock split
		hospitality
		@ IDR 850 per share
		on a ratio of
		business, PT
Acquired
	1 : 4
Listed on the	Suryalaya Anindita	2013
construction
business,	Indonesia Stock	International	2011
Exchange
PT Nusa	2008
Raya Cipta
1997
1994

Note: Timeline not to scale. (1) Including IDR 132bn raised in IPO. (2) Market data as of 31 March 2024. (3) SLP : PT SLP SURYA TICON INTERNUSA, SIT : PT Surya Internusa Timur.

building a better indonesia	6

Geographical Presence Across Indonesia

Presence in Fourteen Indonesian Cities

Medan

• Regional office for Nusa Raya Cipta ("NRCA")

Jababeka

• BATIQA Hotel (Business Hotel, 3-star, 127 rooms) - Grand opening on 11 Nov 2015

Palembang

• BATIQA Hotel (Business Hotel, 3-star, 160 rooms) - Grand opening on 18 Feb 2016

Pekanbaru

• BATIQA Hotel (Business Hotel, 3-star, 133 rooms) - Grand opening on 26 Aug 2016

Lampung

• BATIQA Hotel (Business Hotel, 3-star, 109 rooms) - Grand opening on 16 Sep 2016

Medan

Pekanbaru

Palembang

Lampung

Jakarta

	Subang					Karawang
• Acquired location permit of
		• Suryacipta City of Industry (1,400ha)
	2,717ha
			•	BATIQA Hotel & Apartments Karawang (Business Hotel,
•	Phase 1 Development (400Ha)
				3-star, 137 rooms) - Grand opening on 18 Sept 2014

		Cirebon
	•	BATIQA Hotel (Business Hotel,
Karawang		3-star, 108 rooms) - Grand	Jayapura
		opening on 9 Sep 2015
Jababeka		•	BATIQA Hotel (Business
Subang		Hotel, 3-star, 72 rooms) -
	Cirebon		Grand opening on 10
			April 2021

Semarang

Surabaya

Bali

Jakarta

• Gran Melia Jakarta (5-stars, 334 rooms)
• Glodok Plaza (35,808 sqm)
• Edenhaus Simatupang residence (41 boutique houses, 21,000 sqm)
• SSI Tower Prime Grade A development (formerly Graha Surya Internusa; 8,525 sqm landbank)

Semarang

• Branch office for NRCA

Surabaya

• Branch office for NRCA
• BATIQA Hotel (Business Hotel, 3-star, 87 rooms) - Grand opening i 8 Aug 2018

Bali

• Melia Bali Hotel (5-stars, 494 rooms)
• Umana Bali, LXR Hotels & Resorts, (Boutique Resort, 72 villas)
• Branch office for NRCA

Labuan Bajo

• Branch office for NRCA

building a better indonesia	Note : data as of 31 March 2024	7

Strategic Roadmap

Vision: To be the most a reliable, trusted and respected Indonesia property, construction and hospitality group of

companies

1. Continued focus on the construction and development of Indonesian properties
2. Prudent land banking strategy to deliver sustainable and superior profit margins
3. Continued product, segment, geographical diversification
4. Increased recurring income through hospitality, warehousing and commercial property business segments

building a better indonesia	8

Significant Events FY2023 - YTD 2024