Source file signed link, expires in 15 minutes
Extracted text 28
Page 1
PUBLIC EXPOSE PT URBAN JAKARTA PROPERTINDO Tbk Transit Oriented Development 3rd Quarter 2023
Page 2
IMPORTANT NOTICE This document has been prepared by and on behalf of the PT Urban Jakarta Propertindo Tbk (herein after referred as the “Company” or “PT UJP” or “UJP”) in connection with the company and is solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, or refer to it publicly, in whole or in part at any time except with our prior written consent. If you are not the intended recipient of this document, please delete and destroy all copies immediately. We have prepared this document and the analyses contained in it based, in part, on certain assumptions and information obtained by us from various sources. Our use of such assumptions and information does not imply that we have independently verified or necessarily agree with any of such assumptions or information, and we have assumed and relied upon the accuracy and completeness of such assumptions and information for purposes of this document. Neither we nor any of our affiliates or advisors, or our or their respective officers, employees or agents, make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained in this document or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability whatsoever (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. We and our affiliates and advisors and our and their respective officers, employees and agents expressly disclaim any and all liability which may be based on this document and any errors therein or omissions therefrom. Neither we nor any of our affiliates or advisors, or our or their respective officers, employees or agents, make any representation or warranty, express or implied, that any transaction has been or may be effected on the terms or in the manner stated in this document, or as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. Any views or terms contained herein are preliminary only, and are based on financial, economic, market and other conditions prevailing as of the date of this document and are therefore subject to change. We undertake no obligation or responsibility to update any of the information contained in this document. Past performance does not guarantee or predict future performance. This document and the information contained herein do not constitute an offer to sell or the solicitation of an offer to buy any security, commodity or instrument or related derivative, nor do they constitute an offer or commitment to lend, syndicate or arrange a financing, underwrite or purchase or act as an agent or advisor or in any other capacity with respect to any transaction, or commit capital, or to participate in any trading strategies, and do not constitute legal, regulatory, accounting or tax advice to the recipient. We recommend that the recipient seek independent third party legal, regulatory, accounting and tax advice regarding the contents of this document. This document does not constitute and should not be considered as any form of financial opinion or recommendation by us or any of our affiliates.
Page 3
ABOUT UJP
Page 4
ABOUT URBAN JAKARTA PROPERTINDO UJP is Indonesia’s first private development company focusing on Transit Oriented Development (TOD) development Commenced in 2016, PT Urban Jakarta Propertindo Tbk (UJP) focusing on real estate development and property sector. UJP is the first privately-owned company with exposure to Transit Oriented Development (TOD) on Government Connectivity and Infrastructure program of Light Rail Transit (LRT). Since its listing at Indonesia Stock Exchange (IDX) in 2018, UJP has grown its exposure to 5 (five) portfolio of TOD Projects in partnership with State Owned Enterprises. With direct connection and access to public transportation, UJP hopes to bring a new paradigm of efficiency in an urban living concept.
Page 5
Legend:
(1) Ultimate Controlling
UJP SHAREHOLDING AND GROUP STRUCTURE Shareholder
Passive
Controlling
Ibukota Development PT Nusa Wijaya
Public
Ltd Propertindo(1)
9.6% 74.3% 11.1%
50.0% 50.0% 100.0% 100.0% 51.0% 100.0%
Project Gateway Park Project Urban Signature PT Jakarta River City
Project Urban Sky Project Urban Suites PT Urban Jakarta
LRT City Jatibening LRT City Ciracas LRT Cikunir 1
LRT Cikunir 2 LRT Cikunir 1 Komersial
Joint Operation (KSO) Joint Operation (KSO) Joint Venture (JV)
Page 6
UJP MANAGEMENT
A strong management with various background to support UJP’s vision and goal
YONGKY WIJAYA LIAUW PRASETYO BAMBANG SUMARGONO RUDY GOMEDI
President Commissioner Independent Commissioner President Director Director
Indonesian citizen. During his career, he served as Indonesian citizen. In the course of his career, he has Indonesian citizen. Bambang was a Sales Manager LLC of Indonesian citizen. Rudy has experiences in the banking
Director of PT Iga Mulia (1985- 1990), then as Director of served as Director in various companies since 2002. He PT Lippokarawaci, Tbk from 1996 until 1998, GM LLC of world since 1991. He also served as President Director at
PT Jasuindo Tiga Perkasa Tbk (1990- 2008). Following in served as Director at PT Sandipala Arthaputra in 2002 – PT Lippokarawaci, Tbk from 1999 until 2002, Product PT Podomoro Finance, A Subsidiary of Agung Podomoro
2010-2014, he served as Commissioner of PT Jasuindo 2009, then continued as Director at PT. Mecosuprint General “Retail Project” of PT Lippokarawaci, Tbk from Group in 2008-2009, as Senior Vice President of
Tiga Perkasa Tbk, and as of August 2018 he has served as Grapiha in 2010 – 2011, then as Director at PT. Royal 2003 until 2004, Product General “High-rise Project” of Commercial Credit Risk at PT Barclays Bank Indonesia in
President Commissioner of the Company. In addition, he Standard Jaya Lestari in 2011 – 2014, became Deputy PT Lippokarawaci, from 2005 until 2014, Associate 2009-2010, as Group Head of Client Coverage, Global
also served as President Commissioner of PT Jasuindo Marketing Director at PT. Jasuindo Tiga Perkasa Tbk in Director High-rise Project of PT Lippokarawaci, Tbk from Wholesale Banking at PT Bank Internasional Indonesia,
Tiga Perkasa Tbk since 2014 until now. 2018, and later he was appointed as Independent 2015 until 2016, Sales & Marketing Director of PT. Head Office in 2011-2014, as Group Head of Business
Commissioner of PT Urban Jakarta Propertindo Tbk in Hongkong Kingland, Jakarta from 2016 until 2017, Banking-Executive Vice President at PT Maybank
2021. Director of Marketing Business Development in PT Urban Indonesia, Head Office in 2014-2020, and as a Director at
Jakarta Propertindo, Tbk in 2019, and on April 2020 up PT Graha Megaria from April 2020 until now, and on
until present he has served as President Director of PT 2021 as Director at PT Urban Jakarta Propertindo Tbk.
Urban Jakarta Propertindo, Tbk.
Page 7
Legend:
Passive
UJP DEVELOPMENT PORTOFOLIOS Controlling
Gateway Park Urban Signature Jakarta River City
Urban Sky Urban Suites
LRT City Jatibening LRT City Ciracas LRT Ciliwung
LRT Cikunir 2 LRT Cikunir 1
Joint Operation (KSO) Joint Operation (KSO) Joint Venture (KSO)
PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS
0km from Jaticempaka LRT 0km from Ciracas LRT Station Across the highway from Cikunir 0km from Cikunir 1 LRT Station 0km from Ciliwung LRT Station
Station 5 Apartment Towers and 3 2 LRT Station 2 Apartment Towers, 2 Mixed 8 Apartment Towers, 1 Mall and
6 Lot and 1 Mall Commercial Areas 2 Apartment Towers and 1 Used Towers and 1 Commercial 1 Office Tower
Project Value at IDR 6.1Tn Project Value at IDR 5.8 Tn Commercial Area Area Project Value at IDR 13 Tn
Land Area at 63,676 sqm Land Area at 62,239 sqm Project Value at IDR 1.3 Tn Project Value at IDR 2.7 Tn Land Area at 60.332 sqm
Total Development at 265.677 Total Development at 258.271 Land Area at 12,597 sqm Land Area at 14,000 sqm Total Development at 258.853
sqm sqm Total Development at 107.591 Total Development at 54.307 sqm
sqm sqm
Page 8
Legend:
Passive
UJP DEVELOPMENT PORTOFOLIOS (cont’d) Controlling
Strategically located portfolios across the main line of Light Rail Transit to Jakarta
Project Opportunity
TRAFFIC FACT
Gateway Park Urban Suites
LRT City Jatibening LRT Cikunir 1 1.5 MILLION traffic per day to Cawang
Station
350.000 people each is estimated to use LRT
from Bekasi Timur Station to Cawang and
from Station Cibubur to Cawang everyday
PROPERTY DEVELOPMENT WITH TOD
CONCEPT
Strategic Location in TOD Property
Development by Urban Jakarta Group
LRT phase 1 development will have 16
stations
Currently UJP have 5 portfolios of property
development in LRT phase 1
Jakarta River City Urban Signature Urban Sky
LRT Ciliwung LRT City Ciracas LRT Cikunir 2
Page 9
PORTFOLIO PROJECTS
Page 10
GATEWAY PARK
LRT City Jatibening – a joint operation with Adhi Commuter Property
Project Overview
0km LRT Jatibening Station
Jl. Kapin Raya, Jati Cempaka, Pd. Gede
Apartment (Residential) and Mall and
Shophouses (Commercial)
Land Area 63,676sqm
6 Lot with 5.580 units Apartments
with total area of 134,468sqm
1 Mall with total area of +/- 18,110sqm
20 Shophouses with total area of
3,947sqm
Page 11
GATEWAY PARK (cont’d)
LRT City Jatibening – a joint operation with Adhi Commuter Property
Lot 4A Lot 3
Project Overview
Lot 4B Lot 2
± 77,000 sqm
Lot 5 Lot 1
891 Units
Lot 1
± 33,000 sqm
Lot 2
748 Units
± 35,000 sqm
Lot 3
770 Units
± 55,000 sqm
Lot 4A & 4B
1,278 Units
± 26,000 sqm
Lot 5
Commercial 543 Units
Area
Mall & ± 52,000 sqm
Shophouses 21 Units
Page 12
GATEWAY PARK (cont’d) LRT City Jatibening – a joint operation with Adhi Commuter Property
Page 13
URBAN SIGNATURE
LRT City Ciracas – a joint operation with Adhi Commuter Property
Project Overview
0km LRT City Ciracas Station
Jl. Pengantin Ali, Ciracas, Jakarta Timur
Apartment (Residential) and Mall
(Commercial)
Land Area 62,639qm
5 Towers with 3,688 units Apartments
with total area of 153,574sqm
3 Commercial Areas with total area of
13,644sqm
Page 14
URBAN SIGNATURE (cont’d)
LRT City Ciracas – a joint operation with Adhi Commuter Property
Lot 4A Project Overview
Tower 4 Tower 3 Lot 3 Tower 2
Lot 4B Lot 2
Tower 5 Tower 1
± 31,000 sqm
Lot 5 Tower 1
1,087 Units
Lot 1
± 23,000 sqm
Tower 2
543 Units
± 38,000 sqm
Tower 3
477 Units
± 49,000 sqm
Tower 4
1,087 Units
Commercial
Area
± 40,000 sqm
Tower 5
474 Units
Commercial
Area
Mall ± 24,000 sqm
Page 15
URBAN SIGNATURE (cont’d) LRT City Ciracas – a joint operation with Adhi Commuter Property
Page 16
KSO PROJECT UPDATE
LRT City Jatibening and Urban Signature Ciracas
Project Update as of 31st July 2023
Gateway Park Urban Signature Ciracas
Construction Progress Tower 1 in Lot 1 Sales Progress Apartment Lot 1 Construction Progress Lot 1 Sales Progress Apartment
Tower 1 & Tower 2 Tower 1
100% 90% 40% 75%
Construction Progress Tower 2 in Lot 1 Handover Progress Apartment Lot 1 Construction Apartment Lot 1 Handover Progress Apartment Lot 1
95% 78% 50% 0%
Construction Mall Area Construction Mall Area
30% 20%
Page 17
URBAN SKY (cont’d)
LRT Cikunir 2 – a bulk-sold apartment
Project Update as of 31st July 2023
Construction Progress Sales Progress Apartment
Tower 1/ Tower H Tower 1/ Tower H
60% 95%
Tower 2/ Tower T Tower 2/ Tower T
30% 100%
Construction Mall Area Handover Progress Apt. Tower 2
65% 0%
Target completion to be discussed Target completion to be discussed
Page 18
URBAN SUITES
LRT Cikunir 1 – UJP’s crown jewel project
Project Overview
0km LRT Cikunir 1 Station
Caman Raya No. 1, Jatibening, Bekasi
Apartment (Residential) and Mall
(Commercial)
Land Area ± 15,000 sqm
3 Towers Apartments with total area
of ± 60,000 sqm
1 Commercial Areas with total area of ±
24,000 sqm
Page 19
URBAN SUITES (cont’d)
LRT Cikunir 1 – UJP’s crown jewel project
Project Overview
Tower 1/ ± 32,000 sqm
Urbain 896 Units
Tower 2/ ± 13,000 sqm
Shelton 167 Units
Tower 3 Under planning and progress
Tower 4 Under planning and progress
Tower 5 Under planning and progress
Mall 20.660 sqm
Page 20
URBAN SUITES MALL Its own commercial area as a supporting facility to the compound
Page 21
URBAN SUITES MALL (cont’d) Its own commercial area as a supporting facility to the compound
Page 22
JAKARTA RIVER CITY
A joint venture company with WIKA Realty
Project Overview Project Overview
• Project site is located in East Jakarta at
border to South Jakarta
Office • Strategically located along;
F & B Mall o the Inner City Toll Road (JORR) and Jl. MT
Haryono in close proximity to major 51.0% 49.0%
STAGE Business Hotel Cawang Toll Interchange and positioned
1 right to (0km) LRT Ciliwung station that is
expected to run and operate by August
2022
o Jakarta Economic Corridor – Sudirman,
Mega Kuningan, Rasuna Epicentrum,
SCBD, Blok M area located within 8 km
from the site Project Plan Development
STAGE 3
STAGE 2 o Soekarno Hatta International Airport
currently accessible through the Inner City
Mid-Up
Upper-High Toll Road connecting to Airport Toll Road. STAGE 1 STAGE 2 STAGE 3
Apartments
Apartments Approximately travel time 40-70 minutes
Office Building 4 Blocks Mid-up 4 Blocks Upper-
o Halim Perdanakusuma Airport is located F&B Mall Scale Apartment High Scale
only 4 km to the east within travel time 20
minutes
Business Hotel Apartment
Page 23
JAKARTA RIVER CITY (cont’d)
A joint venture company with WIKA Realty
Project Overview
0km LRT Ciliwung LRT Station
Jl. M.T Haryono, Cawang, Jakarta Timur
Apartment (Residential) and Mall
(Commercial)
Land Area ± 60,332sqm
8 Towers with ± 4,000 units Apartments
with total area of ± 203,000 sqm
1 Commercial Areas with total area of ±
13,000 sqm and 1 Office Area with total ±
7,000 sqm
Page 24
JAKARTA RIVER CITY (cont’d)
A joint venture company with WIKA Realty
Project Overview
± 53,000 sqm
Tower 1 & 2
1,047 Units
± 50,000 sqm
Tower 3 & 4
994 Units
± 52,000 sqm
Tower 5 & 6
1,170 Units
± 44,000 sqm
Tower 7 & 8
888 Units
± 7,000 sqm
Office
9,048 Sqm
Mall ± 13,000 sqm
Page 25
FINANCIAL STATAEMENT FY22
Page 26
HISTORICAL BALANCE SHEET
As of FY2022, UJP recorded a total asset of IDR 4.3 trillion
Balance Sheet
IDR million 2019 2020 2021 2022 IDR million 2019 2020 2021 2022
Current assets Current liability
Cash and cash equivalent 917,292 101,488 153,958 Trade payables 484,486 509,044 519,574
Trade receivables 15,863 22,683 26 Bank loan - current portion 90,000 86,000 86,000
Other receivables 166,382 605,926 Unearned revenue 795,465 866,807 940
Real estate inventories 1,431,735 1,394,604 Other current liabilities 7,264 217,370
Other current assets 63,963 1 Total current liabilities 1,377,215 1,679,221
Total current assets 2,595,235
Non - current liabilities
Non-current assets Bank loan - non current portion 258,000
Real estate inventories Other non-current liabilities 1,95
Fixed assets - net Total non - current liabilities 2
Due from related pa
Other non-cur IDR million
Total non Share capital
TO Additional paid in capi
Retained earning
Other equity
Total e
TO
Page 27
HISTORICAL INCOME STATEMENT
As of FY2022, UJP obtained net profit of IDR 11.3bn or net profit margin of 28.3%
Income Statement
IDR million 2019 2020 2021 2022
Revenue 57,051 128,944 71,126 39,804
Cost of revenue (32,327) (101,351) (50,269) (30,449)
Gross profit 24,724 27,592 20,857 9,355
Sales and marketing expenses (2,496) (1,302) (2,212) (737)
General and administrative expenses (28,961) (41,898) (31,349) (27,645)
Final tax (1,426) (3,193) (1,613) (987)
EBITDA (8,159) (18,800) (14,317) (20,014)
Depreciation & amortization expenses (494) (2,416) (1,977) (3,309)
EBIT (8,653) (21,216) (16,294) (23,323)
Finance income (expenses) - net 29,151 25,922 (26,948) 25,454
Other income (expenses) - net (94) 113,681 128,477 22,939
EBT 20,404 118,386 85,235 25,070
Income tax expense - (19,113) (21,240) (13,815)
Net profit 20,404 99,274 63,995 11,255
Ratio 2019 2020 2021 2022
Gross profit margin 43.3% 21.4% 29.3% 23.5%
EBT margin 35.8% 91.8% 119.8% 63.0%
Net profit margin 35.8% 77.0% 90.0% 28.3%
Page 28
THANK YOU FOR YOUR ATTENTION
Contact us
PT Urban Jakarta Propertindo Tbk
Kantor Pusat
District 8 Treasury Tower – Lt 19 F-G – SCBD Lot 28,
Jl. Jendral Sudirman Kav. 52-53, Jakarta Selatan, 12190
Tel : +62 21 40111717
Website : https://urbanjakarta.co.id/
Email : corsec@ujp.co.id
28
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.