pt ciputra development tbk (ctra)
pt ciputra development tbk (ctra)
pt ciputra development tbk (ctra)
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PT CIPUTRA DEVELOPMENT TBK (CTRA)<br />
BUSINESS PRESENTATION<br />
July 2009
Corporate Overview
Corporate Structure<br />
The shareholders<br />
CIPUTRA<br />
RELATED CO.<br />
PUBLIC/<br />
OTHERS<br />
As of 30 June 2009<br />
PT CIPUTRA<br />
DEVELOPMENT TBK<br />
(6,613,630,477 shares @ Rp 500)<br />
42.68% 57.32%<br />
Listed in IDX<br />
Listed in IDX<br />
99.99% 99.99% 99.89% 51.59% 39.92%<br />
1 st layer<br />
subsidiaries<br />
PT CIPUTRA<br />
RESIDENCE<br />
& Subsidiaries<br />
PT CIPUTRA<br />
GRAHA MITRA<br />
& Subsidiaries<br />
PT CIPUTRA<br />
INDAH<br />
& Subsidiaries<br />
PT CIPUTRA<br />
PROPERTY TBK<br />
& Subsidiaries<br />
PT CIPUTRA<br />
SURYA TBK<br />
& Subsidiaries<br />
The projects<br />
CitraRaya<br />
Tangerang<br />
CitraGarden<br />
Banjarmasin<br />
CitraIndah<br />
Jonggol<br />
Ciputra Mall & Hotel<br />
Jakarta<br />
CitraLand<br />
Surabaya<br />
CitraGarden City<br />
Jakarta<br />
CitraLand City<br />
Samarinda<br />
Ciputra Mall & Hotel<br />
Semarang<br />
Bukit Palma<br />
Surabaya<br />
CitraGrand City<br />
Palembang<br />
Citra BukitIndah<br />
Balikpapan<br />
Somerset A<strong>pt</strong><br />
Jakarta<br />
Ciputra Golf<br />
Surabaya<br />
CitraLand Celebes<br />
Makassar<br />
Ciputra World<br />
Jakarta<br />
Ciputra World<br />
Surabaya<br />
CitraGarden<br />
Pangkalpinang<br />
CTRP Group<br />
CitraHarmoni<br />
Sidoarjo<br />
CitraGarden<br />
Sidoarjo<br />
The Taman Dayu<br />
Pandaan<br />
CitraGarden<br />
Lampung<br />
CTRS Group<br />
PT Ciputra Development Tbk –Business Presentation 02
Corporate Milestone<br />
Capital raising & corporate actions STRENGTHEN OUR FINANCIAL POSITION & SUPPORT BUSINESS EXPANSION………<br />
1994 : IPO and listed on JSX<br />
1995 : Issuance of Notes (USD 100 mio)<br />
1996 :<br />
- Rights issue I<br />
- Listed on SSX<br />
- Issuance of bond (Rp 150 billion)<br />
- Issuance of TLCF (USD 25 million)<br />
(Transferrable loan certificate facility)<br />
1997 : Economic crisis in Indonesia.<br />
Start of debts restructuring process<br />
1999 : PT Ciputra Surya Tbk<br />
(CTRS) listed on JSX<br />
2000 : Bonus shares distribution<br />
2006 :<br />
- Issuance of 2.3 billion shares<br />
without pre-em<strong>pt</strong>ive rights in relation<br />
with debts settlement process<br />
- Rights Issue II<br />
2007 : IPO of PT Ciputra Property Tbk<br />
(CTRP)<br />
1981<br />
1984 – 1996<br />
1997 – 2005<br />
Starting Growing<br />
Restructuring Expanding<br />
2006 – Present<br />
Developed and launched:<br />
Developed and launched:<br />
Established under<br />
the name of PT<br />
Citra Habitat<br />
Indonesia<br />
1984 : The first project, CitraGarden City<br />
in West Jakarta<br />
1993 :<br />
- The first and largest township project in<br />
Surabaya, CitraLand<br />
- The first commercial project, Ciputra<br />
Mall & Hotel Jakarta<br />
1994 : The largest township <strong>development</strong><br />
project, CitraRaya Tangerang, with more<br />
than 2,700 ha<br />
2005 : The launching of CitraGarden<br />
Lampung in Sumatra and CitraGarden<br />
Banjarmasin in Kalimantan, which<br />
marked the beginning of business<br />
expansion to outer Java<br />
2007 : Ciputra World Surabaya<br />
2008 : Ciputra World Jakarta<br />
2009 : CitraLand Celebes in<br />
Makassar, the first project in Sulawesi<br />
Current profile:<br />
With more than 20 projects,<br />
CTRA is now one of the largest<br />
and most diversified property<br />
companies in Indonesia<br />
Project <strong>development</strong> MORE THAN 25 YEARS EXPERIENCE ………<br />
PT Ciputra Development Tbk –Business Presentation 03
Core Business<br />
Residential Development<br />
(Selling Income)<br />
Commercial Property Development & Management<br />
(Recurring Income)<br />
Township Development Residential Project Condominium<br />
Successfully developed 2,500 ha<br />
with more than 55,000 units<br />
Shopping Mall Hotel Serviced Apartment Others*<br />
Successfully developed 2 integrated mall and hotel (64,000 sqm & 528 rooms);<br />
and a 27-hole golf course.<br />
*Golf course and water parks<br />
REVENUES CONTRIBUTION<br />
2007 2008 1H 2009<br />
PT Ciputra Development Tbk –Business Presentation 04
Competitive Strength<br />
BUSINESS PROSPECT<br />
Increase in<br />
housing<br />
needs<br />
Urbanization<br />
trends<br />
Change in<br />
customers<br />
lifestyle<br />
Low<br />
mortgage<br />
rate<br />
Potential<br />
economic<br />
growth<br />
Government<br />
stimulus<br />
plan<br />
Stable<br />
political<br />
outlook<br />
Focus on real estate business<br />
The Company is well<br />
positioned in Indonesia’s<br />
property p outlook through<br />
the following factors:<br />
Commercial property portfolio<br />
in prime strategic t location<br />
Most diversified in market segment,<br />
revenues & location<br />
Reputable brand & experienced<br />
management team<br />
Large land banks in prime location to<br />
support future growth<br />
PT Ciputra Development Tbk –Business Presentation 05
Project Portfolio
Geographic Reach<br />
CitraGrand City CitraGarden<br />
CitraGarden Citra BukitIndah CitraLand City<br />
projects in<br />
2114 major cities<br />
15<br />
6<br />
Townships &<br />
residential projects<br />
Commercial<br />
property projects<br />
SUMATRA<br />
KALIMANTAN<br />
Samarinda<br />
Pangkalpinang<br />
Balikpapan<br />
Palembang<br />
Banjarmasin<br />
B. Lampung<br />
Tangerang<br />
Jakarta<br />
Bogor<br />
JAVA<br />
Semarang<br />
Surabaya<br />
Sidoarjo<br />
Pandaan<br />
Makassar<br />
CitraGarden CitraGarden City<br />
Ciputra Mall & Hotel CitraLand<br />
CitraRaya<br />
CitraIndah<br />
Ciputra Mall & Hotel<br />
Somerset Grand Citra<br />
Ciputra World<br />
Bukit Palma<br />
CitraHarmoni<br />
CitraGarden<br />
The Taman Dayu<br />
Ciputra Golf<br />
Ciputra World<br />
CitraLand Celebes<br />
NOTE:<br />
New project<br />
PT Ciputra Development Tbk –Business Presentation 07
Project Map Greater Jakarta<br />
Airport<br />
CITRA<br />
GARDEN<br />
CITY<br />
Jakarta CBD<br />
CITRA RAYA<br />
TANGERANG<br />
Ring Road II<br />
Ring Road I<br />
Serpong-Airport<br />
Highway<br />
CITRA<br />
INDAH<br />
PT Ciputra Development Tbk –Business Presentation 08
CTRA Projects<br />
CitraGarden City<br />
Jakarta<br />
CitraRaya<br />
Tangerang<br />
CitraIndah<br />
Jonggol<br />
Location<br />
Launch<br />
Development plan<br />
Developed area<br />
Market segment<br />
Unit sold<br />
Others<br />
• Kalideres, West Jakarta<br />
• 1984<br />
• 415 ha<br />
• 336 ha<br />
• Middle-up<br />
• 8,718 units<br />
• The first and largest residential<br />
project in West Jakarta, near the<br />
i t<br />
• Tangerang, West of Jakarta<br />
• 1994<br />
• 2,760 ha<br />
• 710 ha<br />
• Middle-low<br />
• 20,092 units<br />
• Township <strong>development</strong> with the<br />
largest land bank within the<br />
C<br />
airport Company environment<br />
• Jonggol, South of Jakarta<br />
• 1997<br />
• 550 ha<br />
• 308 ha<br />
• Middle-low<br />
• 12,363 units<br />
• City of Nature, that offers the<br />
beauty and freshness of its<br />
i t<br />
CitraGarden<br />
Banjarmasin<br />
CitraLand City<br />
Samarinda<br />
Citra BukitIndah<br />
Balikpapan<br />
Location<br />
Launch<br />
Development plan<br />
Developed area<br />
Market segment<br />
Unit sold<br />
Others<br />
• Banjarmasin, South Kalimantan<br />
• Se<strong>pt</strong>ember 2005<br />
• 50 ha<br />
• 15ha<br />
• Middle-upper<br />
• 224 units<br />
• The first project in Kalimantan. A<br />
joint operation project.<br />
• Samarinda, East Kalimantan<br />
• June 2007<br />
• 93 ha<br />
• 23 ha<br />
• Middle-upper<br />
• 244 units<br />
• A joint operation project<br />
• Balikpapan, East Kalimantan<br />
• May 2008<br />
• 21 ha<br />
• 4 ha<br />
• Middle-up<br />
• 45 units<br />
• A joint operation project<br />
PT Ciputra Development Tbk –Business Presentation 09
CTRA Projects<br />
new project<br />
new project<br />
Citra Grand City<br />
Palembang<br />
CitraLand Celebes<br />
Makassar<br />
CitraGarden<br />
Pangkalpinang<br />
Location<br />
Launch<br />
Development plan<br />
Developed area<br />
Market segmente Unit sold<br />
Others<br />
• Palembang, South Sumatra<br />
• August 2008<br />
• 160 ha<br />
• 8 ha<br />
• Middle income<br />
• 228 units<br />
• A joint venture project<br />
• Makassar, South Sulawesi<br />
• March 2009<br />
• 30 ha<br />
• 6 ha<br />
• Middle-up<br />
• 105 units<br />
• A joint operation project<br />
• Pangkalpinang, Bangka Belitung<br />
• 4Q 2009 (plan)<br />
• 20 ha<br />
• -<br />
• Middle-upper<br />
• -<br />
• A joint operation project<br />
PT Ciputra Development Tbk –Business Presentation 10
CTRS Projects<br />
CitraLand<br />
Surabaya<br />
Bukit Palma<br />
Surabaya<br />
CitraHarmoni<br />
Sidoarjo<br />
Location<br />
Launch<br />
Development plan<br />
Developed area<br />
Market segment<br />
Unit sold<br />
Others<br />
• West Surabaya<br />
• 1993<br />
• 1,126 ha<br />
• 591 ha<br />
• Middle-up<br />
• 9,489 units<br />
• The largest township <strong>development</strong><br />
in Surabaya<br />
• West Surabaya<br />
• 1996<br />
• 575 ha<br />
• 49ha<br />
• Middle and young executives<br />
• 1,516 units<br />
• Located just north of CitraLand<br />
• Sidoarjo, South of Surabaya<br />
• 1997<br />
• 332.5 ha<br />
• 40 ha<br />
• Middle income customers<br />
• 1,100 units<br />
CitraGarden<br />
Sidoarjo<br />
The Taman Dayu<br />
Pandaan<br />
CitraGarden<br />
Lampung<br />
Location<br />
Launch<br />
Development plan<br />
Developed area<br />
Market segment<br />
Unit sold<br />
Others<br />
• Sidoarjo, South of Surabaya<br />
• August 2005<br />
• 26 ha<br />
• 26 ha<br />
• Middle income<br />
• 502 units<br />
• A joint venture project<br />
• Pandaan, South of Surabaya<br />
• August 2005 (relaunched)<br />
• 600 ha<br />
• 198 ha<br />
• Middle to middle-up<br />
• 433 units<br />
• Residential & resort <strong>development</strong>.<br />
A joint operation project<br />
• Bandar Lampung, South of Sumatra<br />
• February 2005<br />
• 57ha<br />
• 42 ha<br />
• Middle to middle-up<br />
• 555 units<br />
• First project developed in Sumatra<br />
PT Ciputra Development Tbk –Business Presentation 11
CTRS Projects<br />
Ciputra Golf<br />
Surabaya<br />
Ciputra World<br />
Surabaya<br />
Located in CitraLand Surabaya, Ciputra Golf<br />
and Family Club is a 100 ha complex, which<br />
consists of a 27-hole golf course, club house,<br />
restaurant, meeting hall, hotel, fitness and<br />
sport center.<br />
Ciputra Golf is one of the biggest and most<br />
popular golf courses in Surabaya. It often<br />
becomes host for many local and<br />
international golf tournaments.<br />
Currently, it has more than 1,800 members.<br />
CTRS is undertaking a super block<br />
<strong>development</strong> on an area of 7.7 ha located<br />
in West Surabaya. The <strong>development</strong> will<br />
comprise shopping mall, apartment,<br />
office building and hotel, with total<br />
building area of more than 300,000 sqm.<br />
For the first stage, CTRS will develop the<br />
shopping mall and 2 towers of apartment.<br />
The construction started in July 2007.<br />
Up to June 2009, 233 units apartment<br />
(59%) have been sold.<br />
First Phase Information<br />
Total investment cost : ± IDR 1 trillion<br />
Shopping mall<br />
Gross/ Net : 89,000 sqm/ 58,000 sqm<br />
Exp. rental rate : IDR 140,000/ sqm / month<br />
Start operation : 1Q 2011<br />
Apartment (2 towers)<br />
Total unit : 397 units (60-170 sqm)<br />
Selling price : IDR 13 mio/sqm<br />
Completion : End of 2010<br />
PT Ciputra Development Tbk –Business Presentation 12
CTRP Projects<br />
Ciputra Mall & Hotel<br />
Jakarta<br />
Ciputra Mall & Hotel<br />
Semarang<br />
Somerset Grand Citra<br />
Jakarta<br />
Location<br />
Total area<br />
• Grogol, West Jakarta<br />
• 4.1 ha<br />
• Simpang Lima, Semarang<br />
• 1.7 ha<br />
• Jakarta CBD<br />
• 1.1 ha<br />
Shopping mall<br />
• Start operation<br />
• Gross/ net area<br />
• Occupancy rate/ ARR<br />
• 1993<br />
• 76,000 sqm/ 43,100 sqm<br />
• 96%/ USD 22.0 (IDR 154,000)<br />
• 1993<br />
• 44,200 sqm/ 20,600 sqm<br />
• 99%/ USD 20.0 (IDR 140,000)<br />
• -<br />
• -<br />
• -<br />
Hotel/ Apartment<br />
• Start operation<br />
• Grade star<br />
• Operator<br />
• Total room/ unit<br />
• Occupancy rate/ ARR<br />
• 1993<br />
• 4-star<br />
• Swiss-Belhotel International<br />
• 328<br />
• 74%/ IDR 489,000<br />
• 1995<br />
• 5-star<br />
• Swiss-Belhotel International<br />
• 200<br />
• 75%/ IDR 387,000<br />
• 1995<br />
• -<br />
• The Ascott Group<br />
• 203<br />
• 61% /USD 81/nite or 17/sqm/mth<br />
PT Ciputra Development Tbk –Business Presentation 13
CTRP Projects<br />
Ciputra World Jakarta<br />
CTRP plans to develop several super block and mixed-use <strong>development</strong> in<br />
Jakarta CBD. The <strong>development</strong> will take place at Jl. Satrio Lot 3-5, Lot 6 and<br />
Lot 11. Total <strong>development</strong> area is around 10 ha.<br />
Currently, CTRP is undertaking the construction of Lot 3-5.<br />
Lot 3-5 Lot 6 Lot 11<br />
Lot 11<br />
(3.0 ha)<br />
Lot 6<br />
(1.4 ha)<br />
Lot 3-5<br />
(5.5 ha)<br />
A super block<br />
<strong>development</strong> that will<br />
comprise world class<br />
shopping mall,<br />
condominium, serviced<br />
apartment (managed by<br />
The Ascott Group),<br />
hotel and premium<br />
residence (both<br />
managed by Raffles<br />
Singapore), office and<br />
an art museum.<br />
A mixed-use<br />
<strong>development</strong> that will<br />
comprise condominium,<br />
serviced apartment<br />
(managed by Frasers<br />
Hospitality) and office.<br />
A mixed-use<br />
<strong>development</strong> that will<br />
comprise condominium<br />
and office.<br />
Jakarta CBD Area<br />
PT Ciputra Development Tbk –Business Presentation 14
CTRP Projects<br />
Ciputra World<br />
Lot 3-5<br />
Jakarta<br />
Ciputra World<br />
Lot 6<br />
Jakarta<br />
Ciputra World<br />
Lot 11<br />
Jakarta<br />
Total area<br />
Investment cost<br />
Construction<br />
Shopping mall<br />
• Gross/ net area<br />
• Expected ARR<br />
• Start operation<br />
• 5.5 ha<br />
• IDR 3.1 trillion (USD 332 mio)<br />
• 2008 - 2012<br />
• 136,000 sqm/ 84,000 sqm<br />
• USD 28/sqm/month<br />
• 1H 2011<br />
• 1.4 ha<br />
• IDR 922 bio (USD 100 mio)<br />
• 2010 – 2012<br />
• -<br />
• -<br />
• -<br />
• 3.0 ha<br />
• IDR 1.2 trillion (USD 127 mio)<br />
• 2012 - 2014<br />
• -<br />
• -<br />
• -<br />
Condominium<br />
• Gross/ net area<br />
• Exp. selling price<br />
• Completion<br />
• 136 units* (115-170 sqm)<br />
• 53,000 sqm/ 39,000 sqm**<br />
• Start from USD 1,900/ sqm<br />
• 1H 2011<br />
• 240 units<br />
• 32,625 sqm/ 26,100 sqm<br />
• Start from IDR 17.6 mio/ sqm<br />
• 2H 2012<br />
• 300 + 300 units (Tower 1 & 3)<br />
• 45,000 sqm/ 36,000 sqm (T1 & T3)<br />
• Start from IDR 18 mio/ sqm (T1)<br />
Start from IDR 22 mio/ sqm (T3)<br />
• End of 2013 (T1) and 2014 (T3)<br />
Serviced apartment<br />
• Gross/ net area<br />
• Exp. ARR<br />
• Start operation<br />
• 170 units<br />
• -<br />
• USD 26/ sqm/ month<br />
• 1H 2011<br />
• 240 units<br />
• 32,625 sqm/ 26,100 sqm<br />
• USD 26/ sqm/ month<br />
• 2H 2012<br />
• -<br />
• -<br />
• -<br />
• -<br />
Office building<br />
• Gross/ net area<br />
• Exp. ARR<br />
• Start operation<br />
• 73,500 sqm/ 62,600 sqm<br />
• USD 16/ sqm/ month<br />
• 1H 2012<br />
• 45,900 sqm/ 39,015 sqm<br />
• USD 16/ sqm/ month<br />
• 2H 2012<br />
• 45,000 sqm/ 36,000 sqm (T2 & T4)<br />
• USD 15/ sqm/ month (T2)<br />
USD 17/ sqm/ month (T4)<br />
• End of 2013 (T2) and 2014 (T4)<br />
Hotel<br />
Premium residence<br />
• Exp. selling price<br />
• Start operation<br />
• 180 rooms<br />
• 80 units<br />
• Start from USD 3,200/ sqm<br />
• Mid 2012<br />
• -<br />
• -<br />
• -<br />
• -<br />
• -<br />
• -<br />
• -<br />
• -<br />
*Up to now, 64 units (47%) have been sold<br />
**include the area of serviced apartment<br />
PT Ciputra Development Tbk –Business Presentation 15
Figures & Financial
Marketing Sales Residential Projects<br />
In billion IDR<br />
1,436<br />
1,635<br />
Greater Jakarta<br />
By Location<br />
Other<br />
Location<br />
Greater<br />
Jakarta<br />
1,106<br />
Other<br />
Location<br />
Greater<br />
Surabaya<br />
Greater<br />
Surabaya<br />
823<br />
2008<br />
1H 2009<br />
504 555<br />
Mortgage<br />
Payment Method<br />
Mortgage<br />
Hard Cash<br />
Inhouse Financing<br />
Hard Cash<br />
Inhouse Financing<br />
Apartment<br />
project<br />
Direct owned<br />
project<br />
Revenues<br />
sharing project*<br />
* CTRA portion is around 70%<br />
PT Ciputra Development Tbk –Business Presentation 17
Financial Highlights<br />
In billion IDR<br />
Unaudited<br />
BALANCE SHEET 2005 2006 2007 2008 1H 2009<br />
Assets 5,306.7 5,156.6 7,484.1 8,108.4 8,194.2<br />
Cash & cash equivalents 390.0 759.9 2,289.2 2,464.3 1,972.5<br />
Land 3,447.8 2,817.6 3,444.2 3,148.0 3,330.6<br />
Others 1,468.9 1,579.1 1,750.7 2,496.1 2,891.1<br />
Liabilities 4,489.0 1,306.8 1,276.7 1,507.5 1,376.9<br />
Debts 3,215.8 215.2 171.7 175.8 134.2<br />
Advances from customers 1,070.4 849.8 704.7 1,000.2 908.2<br />
Others 202.8 241.8 400.3 331.5 334.5<br />
Minority interests 914.1 1,005.0 2,419.9 2,603.1 2,728.5<br />
Equity – net (96.4) 2,844.8 3,787.5 3,997.8 4,088.8<br />
PROFIT & LOSS 2005 2006 2007 2008 1H 2009<br />
Revenues 1,049.9 1,185.7 1,347.5 1,303.2 651.2<br />
Net sales 774.6 869.4 990.3 932.5 472.1<br />
Business revenues 275.3 316.3 357.2 370.7 179.1<br />
Gross profit 486.2 534.4 595.3 621.6 297.1<br />
Operating profit 235.5 287.0 336.1 291.0 133.2<br />
Extraordinary gain - 477.7 - - -<br />
Net profit 79.2 572.1 168.0 202.2 62.6<br />
PT Ciputra Development Tbk –Business Presentation 18
Profit & Loss Highlights<br />
In billion IDR<br />
Revenues Breakdown<br />
2008<br />
1H 2009<br />
Residential Condominium Shopping Mall Hotel Others<br />
Gross Profit Margin<br />
Operating Profit Margin<br />
Revenues Gross Profit Operating Profit<br />
PT Ciputra Development Tbk –Business Presentation 19
Land Bank Residential Projects<br />
As of 30 June 2009, the Company and subsidiaries had 505.3 ha developed land and 1,195.4 ha undeveloped land, which<br />
totally amounted to IDR 2.64 trillion.<br />
(In billion IDR, exce<strong>pt</strong> for Average Land Selling Price)<br />
Project<br />
Developed Land<br />
(Salable Land)<br />
Undeveloped Land<br />
(Raw Land)<br />
Sales Information<br />
2008<br />
Average<br />
Land Selling Price*<br />
ha Rp ha Rp ha Unit 2007 2008<br />
CitraGarden City 21.3 252.2 88.3 205.0 3.3 199 2,730,000 2,715,000<br />
CitraRaya Tangerang 128.9 382.9 538.1 418.1 10.8 1,365 480,000 566,000<br />
CitraIndah Jonggol 141.0 189.6 92.5 81.1 22.6 2,372 450,000 485,000<br />
CitraLand Surabaya 161.3 496.0 104.1 95.7 5.2 350 1,520,000 1,988,000<br />
Bukit kitPalma Surabaya 26.1 128.9 290.1 230.9 15 1.5 146 870,000000 839,000<br />
CitraHarmoni Sidoarjo 4.9 21.1 68.1 36.0 2.2 138 690,000 729,000<br />
CitraGarden Sidoarjo 8.8 34.5 1.6 2.0 2.1 148 1,000,000 1,018,000<br />
CitraGarden Lampung 13.0 16.6 12.6 8.0 2.9 152 830,000 874,000<br />
The Taman Dayu Pandaan - 5.7 - - 1.2 118 1,150,000 725,000<br />
CitraGarden Banjarmasin - 10.8 - - 0.5 29 1,650,000 1,750,000<br />
CitraLand City Samarinda - 5.6 - - 2.3 114 1,250,000 1,559,000<br />
Citra BukitIndah Balikpapan - 9.7 - - 0.9 35 - 1,650,000<br />
CitraGrand City Palembang - - - - 2.2 154 - 961,000<br />
CitraLand Celebes Makassar - 4.9 - - - - - -<br />
Total 505.3 1,558.5 1,195.4 1,076.8 57.7 5,320<br />
* for the land which have been sold<br />
PT Ciputra Development Tbk –Business Presentation 20
CTRA Value In-house Estimation<br />
GROUP VALUE<br />
As of 30 June 2009<br />
CTRA<br />
direct projects<br />
3,423<br />
billion<br />
CTRA VALUE<br />
CTRS<br />
projects<br />
4,426426<br />
billion<br />
CTRP<br />
projects<br />
39.92%<br />
3,355<br />
billion<br />
1,767<br />
billion<br />
2,571<br />
billion<br />
Total value<br />
7,693<br />
(in billion IDR)<br />
Outstanding shares 6,614<br />
(in million shares)<br />
Value/ share<br />
(in IDR) 1,163<br />
4,983<br />
billion<br />
PT Ciputra Development Tbk –Business Presentation 21
Share Price (updated July 2009)<br />
In Rp<br />
900<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
PT Ciputra Development Tbk –Business Presentation Source: Yahoo Finance 22
Appendices
The Management<br />
Board of Commissioners<br />
Board of Directors<br />
DR. Ir. Ciputra<br />
CHAIRMAN<br />
Dian Sumeler<br />
Candra Ciputra<br />
PRESIDENT<br />
Budiarsa Sastrawinata Rina Ciputra S.<br />
Bayan Akochi<br />
DR. Cosmas Batubara<br />
Harun Hajadi Junita Ciputra Cakra Ciputra<br />
Henk Wangitan<br />
Independent Members<br />
DR. Widigdo Sukarman<br />
Tulus Santoso B.<br />
Corporate Secretary<br />
Antonius Tanan<br />
Unaffiliated Directors<br />
Veimeirawaty Kusnadi<br />
PT Ciputra Development Tbk –Business Presentation 24
Awards<br />
IMAC Special Award 2008:<br />
The Most Sustainable<br />
Corporate Image<br />
2008 - 2009<br />
IMAC Award 2008:<br />
Best Developer<br />
IMAC Award 2007:<br />
Best Developer<br />
PT Ciputra Development Tbk –Business Presentation 25
Investor Relations<br />
Corporate Secretary<br />
PT CIPUTRA DEVELOPMENT TBK<br />
Jl. Prof. DR. Satrio Kav. 6<br />
Jakarta 12940 - INDONESIA<br />
Phone : +62 21 5225858<br />
Fax : +62 21 5205262<br />
Email<br />
: investor@<strong>ciputra</strong>.com<br />
i t<br />
Website : www.<strong>ciputra</strong><strong>development</strong>.com<br />
Disclaimer Clause:<br />
This presentation may contain forward-looking statements and assum<strong>pt</strong>ions that involve risks and uncertainties. Therefore, actual performance, outcomes and<br />
results may differ materially from those expressed in the statements. You are advised and cautioned not to place undue reliance on these statements, which are<br />
based on current view of management on future events.<br />
PT Ciputra Development Tbk –Business Presentation<br />
26
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