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PT Surya Semesta Internusa Tbk (“SSIA”)
Review First Half 2025
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Table of Content
1 Surya Semesta Internusa in
Summary
2 1H25 of Business Segments
PROPERTY
• Development & management of industrial
SSIA In Summary estates, real estate, buildings and
commercial centers
Significant Events • SUBANG SMARTPOLITAN
CONSTRUCTION
SSIA’s Sustainability • General contractor services for
commercial buildings, mining and
1H25 Financial Highlights infrastructure
• Consolidated Profit & Loss HOSPITALITY
• Consolidated Balance Sheet
• Development and management of hotels
and resorts
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Surya Semesta Internusa In Summary
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Corporate Structure and Key Projects
Subsidiary
PT Surya Semesta Internusa Tbk Listed entities on IDX
Market cap: IDR 7.4tn / USD460mn
Listed entities on IDX &
Subsidiary
63.5% 100% 66% 100% 86.8% 100%
PT Suryacipta PT TCP Internusa PT Nusa Raya Cipta Tbk • PT Sitiagung Makmur PT Suryalaya PT Surya
Swadaya • Glodok Plaza
Market Cap: IDR 751bn / (asset owner) Anindita Internusa
• Suryacipta City of (retail) USD 46mn • PT Ungasan Semesta International Hotels
Industry (Industrial • SSI Tower Resort (operator)
• High rise buildings • Gran Meliá Jakarta • BATIQA Hotel
Estate - 1,400ha) (formerly Graha • Commercial facilities • Umana Bali, LXR Hotels • Paradisus by Meliá Karawang,
• Subang Smartpolitan Surya Internusa - & Resorts (operator) Bali (Formerly Meliá Cirebon,
• Large scale
(2,717ha) office) (1) Bali Hotel)(2) Jababeka,
• Edenhaus
manufacturing facilities
Palembang,
Simatupang • Infrastructure (bridges,
Pekanbaru,
(residential) highways and jetties) Lampung, dan
Surabaya
• Travelio
Property Construction Hospitality
• Note: (1) Currently not in operations, (2) Paradisus by Meliá Bali is undergoing renovations starting October
2024.
• Shareholding information & Market data as of 30 June 2025 USD:IDR exchange rate of Rp16,233 used.
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Board of Commissioners
SSIA Management - Strong Operating Record
Hagianto Kumala Crescento Hermawan Steen Dahl Poulsen F. Bedjo Wiantono Irawan Chandra
President Commissioner Vice President Commissioner Commissioner Commissioner Independent Commissioner
> 45 Years Experience > 25 Years Experience > 50 Years Experience > 35 Years Experience > 35 Years Experience
Prio r work experience within Astra Grou p
Board of Directors
Johannes Suriadjaja The Jok Tung Wilson Effendy Sonny Satia Negara
President Director Vice President Director Director Director
> 35 Years Experience > 35 Years Experience > 25 Years Experience > 25 Years Experience
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Surya Semesta Internusa in Summary Company Highlights
8.5%
8.2% PT Arman Investments Utama
» Established and commenced operations in 1971, SSIA’s
primary businesses are in construction, property and Intrepid Investments Limited
7.9%
hospitality sectors PT Persada Capital Investama
0.7% SSIA BOD
» One of the Leading Listed Developers in Indonesia(1)
Others
• Market Capitalization of IDR 7,481bn / USD 460mn 74.7%
• 1H25 Total Equity of IDR 7,877bn / US$ 485mn • Shareholding as of 30 June 2025
• FY24 EBITDA(3) of IDR 1,052bn / US$ 65mn • Total Outstanding Shares : 4,705 million
Shareholding Structure • Treasury Stock: 62.9 million shares
• 1H25 EBITDA(3) of IDR 106bn / US$ 6.5mn
• Established presence in thirteen Indonesian cities
» Suryacipta City of Industry is the company’s pioneer
project with total location permit of 1,400 ha Core Business
» Subang Smartpolitan is the company’s largest project Non-Recurring Recurring(2)
with total location permit of 2,717 ha Construction Hotel
Industrial Estate Land Rental, Parking & Maintenance
Real Estate (Residential)
Note: • Suryacipta City of Industry • Resorts and Villas
(1) Market data as of 30 June 2025, based on USD:IDR of Rp16,233
(2) Recurring revenue comprises that of hotel, rental, parking and maintenance. • Subang Smartpolitan • Business Hotels
(3) EBITDA defined as net income, before interest expenses, tax expenses, • High rise buildings • 5-star Hotels
depreciation and amortization expenses, includes JO income (loss) • Commercial and manufacturing
facilities
• Infrastructure
• Construction toll road
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Milestone
Conducted • Issued IDR 700 billion IPO of • Acquired location Joint venture with Divestment Groundbreaking Divestment of BYD as the first
stock split bond Nusa Raya permit of 2,000 ha in Mitsui & Co and Cikopo Subang SLP & SIT (3) largest tenant of
on a ratio • Distribute first Cipta Subang, West Java TICON in Palimanan Smartpolitan worth total of electric vehicle
of 1 : 4 dividend since IPO in @ IDR 850 • Launched first warehousing/ Toll road at IDR 562.2 bn manufacturing
1997 per share BATIQA hotel in factory business 3X BV Subang
• Invested in – Cikopo- Karawang Opening of Cikopo Smartpolitan
Palimanan Toll Road – Palimanan toll
road
2011 2012 2013 2014 2015 2017 2020 2022 2024
1971 1976 1983 1991 1994 1996 1997 2006 2008 2010
Entered into a Glodok Plaza Developed Developed 1,400 Acquired Developed a Listed on the Development of Consolidated its Launched
property inauguration, Meliã Bali Hotel, a hectares construction 5-star Gran Indonesia the ultra-high- hospitality opening
development Indonesia’s first 494-room, industrial estate business, PT Meliã Hotel Stock end Banyan business, Banyan Tree
company to modern shopping 5-star hotel in Nusa development in Nusa Raya and Graha Exchange Tree Resort in PT Suryalaya Ungasan
develop center in Dua, Bali Karawang, West Cipta Surya Ungasan, Bali Anindita Resort, Bali
Golden Chinatown, Jakarta Java Internusa International
Triangle area Office
in Kuningan Building
Note: Timeline not to scale. (1) Including IDR 132bn raised in IPO. (2) Market data as of 30 June 2025. (3) SLP : PT SLP SURYA TICON INTERNUSA, SIT : PT Surya Internusa Timur.
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Geographical Presence Across Indonesia
Medan
Pekanbaru Regional office for Nusa Raya Presence in Thirteen
BATIQA Hotel (Business Hotel, 3- Cipta (“NRCA”)
star, 133 rooms) - Grand opening on Indonesian Cities
26 Aug 2016
Palembang
BATIQA Hotel (Business Hotel, 3-star, 158
rooms) - Grand opening on 18 Feb 2016
Lampung
BATIQA Hotel (Business Hotel, 3-star, 109
rooms) - Grand opening on 16 Sep 2016
Jakarta
• Gran Melia Jakarta (5-stars, 334 rooms)
• Glodok Plaza (35,808 sqm)
• Edenhaus Simatupang residence (41 boutique houses, 21,000
sqm) Labuan Bajo
• SSI Tower Prime Grade A development (formerly Graha Surya
• Branch office for NRCA
Internusa; 8,525 sqm landbank)
Subang
• Acquire d lo cation per mit of Surabaya Bali
Jababeka 2,717h a • Branch office for NRCA • Melia Bali Hotel (5-stars,
BATIQA Hote l (B usin ess Ho tel, 3-sta r, 127 roo ms) • Pha se 1 Deve lopment
- Gr and openin g on 11 Nov 20 15
• BATIQA Hotel (Business 495 rooms)
(40 0Ha ) Hotel, 3-star, 87 rooms) - • Umana Bali, LXR Hotels &
Resorts, (Boutique Resort,
Karawang Cirebon 72 villas)
• Sur yacipta City of Industry (1,400 ha)
• BATIQA Hote l (B usin ess
Hotel, 3-sta r, 108 ro oms) -
Semarang • Branch office for NRCA
• BATIQA Hote l & Apa rtmen ts Karawang (Bu sine ss Hotel, 3-sta r, 137
Gr and openin g on 9 Sep
• Branch office for NRCA
roo ms) - Gr and openin g o n 1 8 S ept 20 14
201 5
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Strategic Roadmap
Vision
To be the most reliable, trusted and respected
Indonesia property, construction and hospitality group
of companies
Continued focus on the construction and development
1 of Indonesian properties
Prudent land banking strategy to deliver sustainable
2 and superior profit margins
Continued product, segment, geographical
3 diversification
Increased recurring income through hospitality,
4 property and infrastructure
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SSIA’s
Sustainability
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SSIA’s Sustainability: 4-pillar ESG strategy lays the foundation to create holistic
long-term value for our stakeholders
Sustainability Strategy:
Sustainability is an integrated part of SSIA’s business. ESG Pillars SSIA ESG Material Issues
Aligned with its vision and mission, SSIA’s ESG practices
are guided by four key pillars of ESG strategy: • Product and Service Quality
Product
• Customer Health and Safety
Delivering sustainable high-quality
• Material
Delivering sustainable high-quality products and products and services
• Economic Performance
superior services
• Energy
Environment • Emissions
Preserving the environment Preserving the environment • Water and Effluent
People • Occupational Health and Safety
Looking after people Looking after people • Training and Education
Community Local Communities
Contributing to communities
Contributing to communities
Sustainability Governance Policy, Procedure, Governance
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Significant
Events
YTD 2025
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Signing of LUDA Extension:
A Long-Term Commitment to Lot N1 at The Nusa Dua
PT Suryalaya Anindita International, the owner and
manager of Meliá Bali Hotel and a subsidiary of
SSIA engaged in hospitality together with
PT Pembangunan Pariwisata Indonesia or ITDC
officially extended the Land Utilization & Land
Development Agreement (LUDA) cooperation until
2063, with an option until 2083, for Lot N1 in
The Nusa Dua, Bali.
In the near future, Meliá Bali Hotel will transform
into Paradisus by Meliá Bali, which will provide a
premium experience for tourists and strengthen
The Nusa Dua as an international tourist
destination. This collaboration is a strategic step in
supporting Indonesia's tourism growth and
maintaining global competitiveness.
Jakarta, 7 January 2025
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Marketing Agreement Sumitomo Corporation:
Cementing Bond Between Indonesia and Japanese Companies
This agreement extends the existing collaboration
between the two companies that was established
since 1997, during which they have been promoting
Indonesia as an ideal investment destination for
Japanese companies.
This partnership aims to enhance the market
position and increase the value offered to potential
investors and tenants. We Anticipate a fruitful
collaboration with Sumitomo Corporation as we
work together to create a more robust and dynamic
future for Indonesia’s manufacturing industry.
Tokyo, 20 May 2025
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Review of Business Segments
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Property
SSIA’s main driver
More than 50 years track record
• PT Suryacipta Swadaya (“SCS”)
• PT TCP Internusa (“TCP”)
2.1
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PT Suryacipta Swadaya
Infrastructures Surrounding the Projects
PT Suryacipta Swadaya offers vast land to develop various
A ARTA
industries. It is the home of 165 prestigious global
companies.
Both projects are directly connected to the main toll road
connecting to major destinations in Java and allowing ease
ANTEN of access to seaports and airports. Ongoing infrastructures
PR INCE development in the area such as new toll roads and high-
speed railways benefit the projects by reducing congestion
and providing more convenient logistics.
Subang Smartpolitan strategically located at
Direct Toll Access
Patimban Seaport ±40KM
Kertajati International Airport
▬▬ Toll road - Existing
±70KM
▬▬ Toll road - Under construction
▐▐▐▐▐▐ Railroad - Existing Jakarta City ±90KM
=== High-speed railway - Under construction
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Automotive & Machinery Manufacturing Corridor
Patimban
Seaport
▬▬ Toll road - Existing
▬▬ Toll road - Under construction
KM KM To C entral &
KM KM KM KM KM KM KM KM KM KM E ast Java →
JAKARTA 16 21 24 31 34 37 47 54 66 72 89 110
Bekasi Cikarang Karawang Karawang Cikampek
Barat Barat Timur
Tambun Cibatu
Cibitung Cikarang Timur
KM
Cimanggis
34
SAIC Motor
Indonesia
To B ogor
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High Quality Projects in Suryacipta City of Industry
Well-Diversified Current Tenant Mix
Industrial Area Utility
To Jakarta Home of 165 prestigious global companies
Commercial Area
West Karawang
Community Facilities Sold Area Interchange
Jakarta – Cikampek Toll
Gate
AUTOMOTIVE BUILDING SUPPLIES
Toll Road
Toll To Karawang
Gate East Karawang
Phase II Interchange
Toll
To Cikopo Gate To Karawang
To Karawang
Phase I
CONSUMER GOODS ELECTRONICS
Inventory Land (ha)
Phase III
License – gross 1,400
Phase 1, 2 & 3 – gross 1,400
Excellent Connectivity to Supporting
Infrastructure
Industrial & Commercial land –
52.9 PHARMACEUTICAL DATA CENTER
31 Dec 2024
● 55 km from Jakarta
● 80 km from Soekarno-Hatta International Add/(less) reclass to infra -
airport Singapore Data Center
● 65 km from Tanjung Priok seaport Sold up to 30 June 2025 – net (6.5)
● 90 km from Bandung (capital of West Java)
Total Land bank 30 June 2025 – net 46.4 USA Data Center
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Subang Smartpolitan
Accessibility
Pringkasap Patimban Seaport
Station + 40 km (direct access via Patimban Toll Road)
Toll Gate (Q1 2027)
▪ Direct Toll Access Jakarta - Surabaya Railroad (existing)
Direct toll access via KM89 Intersection (Q1 2027)
Cikopo-Palimanan (Cipali) Toll Road Cipali - Patimban Toll Road Interchange
Jakarta KM98 Exit (Existing)
+ 90 km Alternative access
Bandung
+ 90 km Kertajati International Airport +70 km
Central Java +150 km
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Subang Smartpolitan
Project Timeline
Phase 1 Subang Smartpolitan, the
- Development : Q4 2020 pioneer of smart and
- Handover : Q3 2023 sustainable city development,
- Operation : Q4 2024
Leverages technology and IOT
to promote efficiency and
security.
Toll Road to Patimban
- Development : Q3 2025
- Exit toll : Q1 2027
Total area of 2,717Ha, Subang
Smartpolitan is developed in 4
phases, whereas the 1st phase
development begins Q4 2020
including:
• Commercial;
• Industrial;
• Residential;
• Leisure;
• Education;
• Supporting infrastructures
and facilities.
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Business Segment
Property: Industrial Estate Review
Marketing Sales
Land Sales Location 2020 2021 2022 2023 2024 1H24 1H25
Suryacipta Karawang
(ha) 5.6 10.1 10.0 18.2 21.4 13.2 4.8
Subang Smartpolitan
(ha) - - 2.0 2.0 140.9 118.9 8.3
Others* (ha) 3.2 3.7 4.2 5.3 15.6 9.1 3.8
TOTAL Sales Value
(in IDR Billion) 90 190 236 410 2,077 1,586 283
Note : Others refers to land sales in Suryacipta City of Industry (Karawang phase 4), Bekasi, Subang Smartpolitan (land for toll road)
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Business Segment
Property: Industrial Estate Review
Accounting Sales
Land Sales Location 2020 2021 2022 2023 2024 1H24 1H25
Suryacipta Karawang
(ha) 6.2 8.8 10.2 17.2 18.8 3.6 6.5
Subang Smartpolitan
(ha) - - - 2.0 124.9 - -
1
Others* (ha) 84.0 4.2 5.2 2.9 19.6 9.1 3.8
TOTAL Sales Value
(in billion IDR) 357 166 207 386 1,868 99 167
Note : Others refers to land sales in Suryacipta City of Industry (Karawang phase 4), Bekasi, Subang Smartpolitan (land for toll road)
1. Includes phase-4 land sales of 72ha (Rp233bn)
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Business Segment
Property: Revenue Breakdown
Revenue
2020 2021 2022 2023 2024 1H24 1H25
(in billion IDR)
Industrial Estate
357 166 207 386 1,868 99 167
(SCS)
Land Sales
Industrial Estate
236 263 290 299 325 158 169
(SCS)
Non-Land
Rental Property 59 92 126 169 70 25 3
(TCP & Others)
TOTAL 652 520 623 854 2,263 282 339
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Property
PT Suryacipta Swadaya
Marketing Sales (ha) Accounting Sales (ha)
-15% 648%
703% 162.3 143.7
128.0
137
140.9 124.9
108.0
120.0
20.2 78.0 19.2
12
2.0 2.0
2.0
18.2 21.4 17.0 10.8 17.2 18.8 20.0
5.6 10.1 10.0 8.9
2020 2021 2022 2023 2024 2025F 2020 2021 2022 2023 2024 2025F
Karawang Subang Karawang Subang
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Construction
Source of SSIA steady revenue
More than 50 years track record
• PT Nusa Raya Cipta Tbk (“NRCA”)
2.2
Page 27
Excellent Work Quality Across Sectors
Edenhaus Simatupang
Condotel Cihampelas Walk - Bandung Elevee Penthouse & Residence – Alam Sutera Creativo Bintaro - Tangerang
Dipo Center - Jakarta New Townsite Amman Mineral – West Nusa Tenggara
JSI Hotel Megamendung - Bogor
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Business Segment
Construction : PT Nusa Raya Cipta Tbk - Major Projects
In billion IDR 2021 2022 2023 2024 1H24 1H25 New Contract Classification (in billion IDR)
2,679 2,352 2,925 3,707 2,268 1,425
Contract on hand - 6%
2,321 3,202 3,129 3,088 3,088 3,338 14% 10% 7%
beginning 16% 6% 16%
13% 14%
16% 12% 12%
13% 15% 20%
Contract obtained 2,679 2,352 2,925 3,707 2,268 1,425 39%
33%
Less: Revenue 24% 72%
62%
61% 59%
progress - before (1,665) (2,456) (2,886) (3,362) (1,602) (1,700)
38%
elimination 21%
2021 2022 2023 2024 1H24 1H25
Contract on hand -
3,202 3,129 3,088 3,338 3,754 3,063 Others (School, Hospital, etc)
ending
Infrastructure
Industrial Building
Commercial Building ( Apartment, Office, Hotel, and Shopping Center)
Major projects obtained in 1H25, including:
1. New Plant AHM Deltamas Cikarang Bekasi
2. Infrastructure of Subang Smartpolitan New Contract
Contract Value (in billion IDR)
3. Structure of Grand Lucky Pekanbaru
4. Parking Building & Campus Plaza E Gunadarma Depok
5. Holiday Inn Express Bandung Toll Road
2,679
6. Residence Mandarin Oriental Pandawa Denpasar
7. OMC Building IKK Pindodeli Karawang 708
3,707
8. Industrial Office Building & Facility of Charoen Pokphand Indonesia Jakarta 2,925
9. Bungur Sport Complex Depok 1,971 2,352 2,268
10. Keluarga Sehat Coverall Hospital Rembang 1,425
11. Tretes Raya Hotel Pandaan
2021 2022 2023 2024 1H24 1H25
12. Anugerah Argon Medika Medan
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NRCA Dividend History
Financial year Dividend per Share (IDR) Dividend Payout Ratio Payment Date
2024 Rp 22 79% 24 Jun 2025
2023 Rp 29 70% 11 Jun 2024
2022 Rp 42 136% 23 Jun 2023
2021 Rp 15 70% 17 Jun 2022
2020 Rp 15 66% 24 Jun 2021
2019 Rp 25 60% 04 Aug 2020
2018 Rp 30 62% 28 May 2019
2017 Rp 40 64% 31 May 2018
2016 Rp 30 72% 07 Jun 2017
2015 Rp 16 20% 30 Jun 2016
2014 Rp 30 27% 26 May 2015
2013 Rp 28 37% 12 Jun 2014
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CONSTRUCTION – PT Nusa Raya Cipta Tbk
New Contract Revenue
(in bn Rp) (in bn Rp)
Others Toll Road 1.2%
27%
3.8%
16.5%
2,679
708
Toll road
3,707 3,750
3,362 3,500
2,925
2,886
2,352 2,456
1,971
1,665
2021 2022 2023 2024 2025F 2021 2022 2023 2024 2025F
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Hospitality
Main driver of SSIA recurring income
More than 35 years track record
2.3
• PT Suryalaya Anindita Internastional (“SAI”)
• PT Sitiagung Makmur (“SAM”)
• PT Ungasan Semesta Resort (“USR”)
• PT Surya Internusa Hotels (“SIH”)
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Hospitality
3 units
5 Star Hotel
901 Rooms
Paradisus by Melia Bali Gran Melia Jakarta Umana Bali
Under renovation since ct’24
7 Locations
3 Star Hotel
TOTAL
859 Rooms
1,760 Rooms
BATIQA Hotel
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Travelio’s 1H-25 Achievements & FY-25 Targets
Net Live Units Growth within the Next 6 Months
Company GMV
(in million IDR)
1H-25 FY-25
800,443 15,479 17,095
2.3x Apartments Apartments
1H-25 Highlights:
345,880
+12% YoY 25,605
Apartment Mid-Long-Term
1H-25 Company GMV
Bookings
519 1,659,139
1H-25(Actual) FY-25 (Budget) Apartment Mid-Long-Term
Additional Net Live Units YoY
Room Nights Sold
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Hospitality Business
Occupancy Rate
Revenue (2021-1H25, %)
(2021-1H25, in Billion IDR)
90%
80% 81.6% 68.9%
905 943 70%
60% 47.8%
50%
128 40%
121
30%
20% 40.2%
57 142 10%
0%
595 2021 2022 2023 2024 1H24 1H25
Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA
102 509 Note: Melia Bali 2024 : 9M24 only
38 60
550 484
5,100
Room RevPar
59 4,361
(2021-1H25, in thousand IDR)
4,100
4,229 3,572
318 215
191 299 3,100
60
71 2,100 1,991
15 83 1,6581,622
1,817
32 178 189
136 91
73 72 1,100 972 993
642 706 676
483 534
237 339 211 244 264
161 269
2021 2022 2023 2024 1H24 1H25 100
244
2021 2022 2023 2024 1H24 1H25
Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA
Gran Meliá Meliá Bali Umana Bali, LXR Hotels & Resorts BATIQA
Note : 9M24 onwards BATIQA excludes Jayapura Note: Melia Bali 2024 : 9M24 only
Melia ali was closed since ct’24, will reopen by end of 2025
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Hospitality Business
Occupancy Rate
Revenue (2020-2025F, %)
(FY20-FY25F, IDR Billions)
4.2% 90%
-44% 80% 74.0%
34 943 70%
57.0%
905 60%
50%
128 40% 44.0%
121
30%
30.0%
57 142 20%
10%
0%
595 2020 2021 2022 2023 2024 2025F
526
102 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA
Note: Melia Bali 2025 : Dec only
38 550 119
484
4,229
206
Room RevPar
220 318 (2020-2024, thousand Rp)
191
54 22
32 71
87 15
32 178 189 180
136 1,991
47 73 1,658 1,622
2020 2021 2022 2023 2024 2025F 864
972 993 706
642
483
339 269
262 237 161 211 244
160 117 84
Gran Melia Jakarta Melia Bali Hotel Umana Bali, LXR Hotels & Resorts BATIQA
2020 2021 2022 2023 2024
Gran Meliá Meliá Bali Umana Bali, LXR Hotels & Resorts BATIQA
Note: BATIQA Locations include Karawang, Cirebon, Jababeka, Palembang, Pekanbaru, Lampung, Surabaya
Melia Bali revenue : 9M2024
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Hospitality Business
Revenue Occupancy Rate
(2020-2025F, %)
(FY20-FY25F, IDR Billions)
90%
80% 74.0%
35 943 Excl Melia Bali
70%
57.0%
60%
905
50%
128 40% 44.0%
121
30%
30.0%
57 142 20%
10%
595 0%
2020 2021 2022 2023 2024 2025F
102 505 Gran Melia Melia Bali Umana Bali, LXR Hotels & Resorts BATIQA
459 Note: Melia Bali 2025 : Dec only
38 550 484 119
128 4,229
Room RevPar
191 318 206 (2020-2024, thousand Rp)
142
71
15
32 178 189 189 180
136 1,991
73 1,658 1,622
2021 2022 2023 2024 2024 2025F 864
972 993 706
642
483
339 269
262 237 161 211 244
160 117 84
Gran Melia Jakarta Melia Bali Hotel Umana Bali, LXR Hotels & Resorts BATIQA
2020 2021 2022 2023 2024
Gran Meliá Meliá Bali Umana Bali, LXR Hotels & Resorts BATIQA
Note: BATIQA Locations include Karawang, Cirebon, Jababeka, Palembang, Pekanbaru, Lampung, Surabaya
Melia Bali revenue : 9M2024
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Review
1H25
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Overview of Key Business Segment
Revenue Across Business Segments (1H24) IDR 2,342 bn Revenue Across Business Segments (1H25) IDR 2,112 bn
Property 12% Property 15%
Construction 67% Construction 75%
Hospitality 21% Hospitality 10%
0% 20% 40% 60% 80%
0% 20% 40% 60% 80%
EBITDA Across Business Segments (1H24) IDR 287 bn EBITDA Across Business Segments (1H25) IDR 106 bn
Property 21% Property 41%
Construction 33% Construction 104%
Hospitality 46% Hospitality -45%
0% 10% 20% 30% 40% 50% -100% -50% 0% 50% 100% 150%
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1H25 Financial Highlights
Consolidated Revenue Gross Profit
(1H24 vs 1H25, in billion IDR) (1H24 vs 1H25, in billion IDR)
2,342 -9.8% 620 -29.1%
439
2,112
1H24 1H25 1H24 1H25
EBITDA Net Income
(1H24 vs 1H25, in billion IDR) (1H24 vs 1H25, in billion IDR)
106
-63.0% -130.6%
287
-32
106
1H24 1H25 1H24 1H25
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1H25 Financial Highlights
Note : Revenue each business segment includes intercompany eliminations
Property Segment Revenue
(1H24 vs 1H25, in billion IDR)
339 Growth
282
20.0%
1H24 1H25
Construction Segment Revenue Hospitality Segment Revenue
(1H24 vs 1H25, in billion IDR) (1H24 vs 1H25, in billion IDR)
Growth 509 -57.6%
1,700
6.2%
1,602 216
1H24 1H25 1H24 1H25
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Established Track Record as a Group
6,252
17
Consolidated Revenue CAGR of 16.2%
(2020-1H25, in billion IDR, 943
Include intercompany eliminations)
4,538
11
3,615
905
9 3,363
2,947
595
220 13 2,353 2,342 2,112
13 17 20
191 2,886 509 216
2,082 2,456
1,665 1,700
2,263 1,602
652 520 623 854
282 339
2020 2021 2022 2023 2024 1H24 1H25
Property Construction Hospitality Others
Recurring Revenue(1) CAGR of 20.9%
(2020-1H25, in billion IDR)
1,243 1,309
913
687
508 485 382
2020 2021 2022 2023 2024 1H24 1H25
Note: (1) Recurring revenue comprises that of hotel, rental, parking and maintenance.
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Attractive Gross Margins
Hotel Gross Margins %
Property Gross Margins %
62.4% 64.4% 65.3% 65.8%
50.0%
42.0%
54.8% 34.0%
52.0%
49.0% 48.4%
47.4%
43.5%
2020 2021 2022 2023 2024 1H24 1H25
35.3%
Construction Gross Margins(1) %
11.0% 11.4% 10.8% 11.0% 11.4% 10.8%
10.0%
2020 2021 2022 2023 2024 1H24 1H25
2020 2021 2022 2023 2024 1H24 1H25
Note: (1) Includes projects within SSIA group
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Financial Highlights
Consolidated Balance Sheet
In billion IDR 2020 2021 2022 2023 2024 1H25
Current Assets 3,004 3,008 3,325 3,235 4,682 4,113
Cash & ST Investments 851 782 1,136 1,219 2,634 1,682
Account Receivables 1,419 1,405 1,542 1,443 1,275 1,550
Inventories 490 553 376 314 435 421
Other-Current Assets 244 268 271 259 338 460
Non-Current Assets 4,616 4,744 4,965 5,182 5,685 7,161
Investment in Joint Ventures 294 280 87 36 32 35
Real Estate Assets 2,247 2,431 2,895 3,092 3,303 3,958
Fixed assets – net 1,172 1,084 1,038 1,048 1,293 1,802
Rental and investment property – net 704 692 581 691 703 678
Other-Non Current Assets 199 257 364 315 354 688
Total Assets 7,620 7,752 8,290 8,417 10,367 11,274
Current Liabilities 1,863 1,452 1,831 1,521 1,552 1,966
Non-Current Liabilities 1,526 2,250 2,199 2,452 822 1,431
Non-Controlling Interest 480 466 419 436 2,389 2,364
Equity
(2007 :949 mio shares,
2008, 2009 and 2010: 3,751 3,585 3,840 4,007 5,605 5,513
1,176 mio shares,
2011-current: 4,705 mio shares)
Total Liabilities and Equity 7,620 7,752 8,290 8,417 10,367 11,274
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Financial Highlights
Key Performance Ratios
In billion IDR 2020 2021 2022 2023 2024 1H25
Bank/Third parties Loan
IDR denominated in billion IDR 1,305 1,245 1,514 2,526 796 1,326
US$ denominated in billion IDR 676(1) 1,059(1) 1,034(1) - -
-
Total Debt in billion IDR 1,981 2,304 2,548 2,526 796 1,326
Debt to Equity Ratio 53% 64% 66% 63% 14% 24%
Net Cash Rp 1.8 Tn Rp 356 bn
ROE -2.3% -5.6% 4.6% 4.4% 4.2% -1.2%
ROA -1.1% -2.6% 2.1% 2.1% 2.3% -0.6%
Current Ratio 161.3% 209.3% 181.5% 212.7% 301.7% 204.4%
Liabilities to Equity 90.3% 103.3% 104.9% 99.2% 42.4% 61.6%
Liabilities to Asset 44.5% 47.7% 48.6% 47.2% 22.9% 30.1%
Book Value/share (Rp) -
par value : 2007 - June 2011 :
Rp 500 per share, Jul 2011 - current 818 788 844 881 1,212 1,189
:
Rp 125 per share
Equity Growth (YoY) -5.4% -4.4% 7.1% 4.3% 39.9% -1.7%
Note: * In July 2011, SSIA splits its stock 4-for-1, then outstanding shares become 4,705 million shares with par value Rp 125 per share. After 2020 the company is using 4,653,173,373 shares with weighted average
method
- ROE and ROA are annualized – (1) Hedged with Cross Currency Interest Rate Swap (CCIRS)
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FY25
Outlook
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PT Surya Semesta Internusa Tbk
Revenue Net Profit
(in bn Rp) -4% (in bn Rp)
38%
33%
6,252 6,000
4,538
3,615
2,947 234
2,353 177 200
176
-88 -200
FY20 FY21 FY22 FY23 FY24 FY25F FY20 FY21 FY22 FY23 FY24 FY25F
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Summary
Subang is SSIA’s Subang will stimulate NRCA will leverage its SSIA to generate In the long run -
main catalyst Indonesia Economic expertise in industrial higher growth in Jump in recurring
Growth in 2030 & residential township hospitality post income through
EV : catalyst of
& infrastructure rebranding and Subang
future SS Township
renovation for Infrastructure and
strengthening its ancillary services
recurring income
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SSIA Dividend History
Financial year Dividend per Share (IDR) Dividend Payout Ratio Payment Date
2024 Rp 15 30% 17 July 2025
2023 Rp 12 32% 24 July 2024
2019 Rp 5 25% 17 June 2020
2018 Rp 7 86% 31 May 2019
2017 Rp 20 8% 06 July 2018
2016 Rp 11 82% 08 June 2017
2015 Rp 10 15% 27 June 2016
2014 Rp 18 20% 09 July 2015
2013 Rp 30 20% 26 June 2014
2012 Rp 30 20% 29 May 2013
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BUILDING A BETTER INDONESIA
THANK YOU
Erlin Budiman
VP of Investor Relations & Sustainability
Contact: erlin.budiman@suryainternusa.com
These materials have been prepared by PT Surya Semesta Internusa Tbk (the “Company”, “SSIA”) These materials are for information purposes only and do not constitute or form part of an
and have not been independently verified. No representation or warranty, expressed or implied, offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company,
is made and no reliance should be placed on the accuracy, fairness or completeness of the in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any
information presented or contained in these materials. The Company or any of its affiliates, connection with, any contract, commitment or investment decision whatsoever. Any decision to
advisers or representatives accepts no liability whatsoever for any loss howsoever arising from purchase or subscribe for any securities of the Company should be made after seeking
any information presented or contained in these materials. The information presented or appropriate professional advice.
contained in these materials is subject to change without notice and its accuracy is not
guaranteed. Copyright © 2020 PT Surya Semesta Internusa Tbk All rights reserved.
PT Surya Semesta Internusa Tbk
Tempo Scan Tower 20th Floor These materials may contain statements that constitute forward-looking statements. These
statements include descriptions regarding the intent, belief or current expectations of the
Jl. HR. Rasuna Said Kav. 3-4 Company or its officers with respect to the consolidated results of operations and financial
Kuningan, Jakarta 12950, Indonesia condition of the Company. These statements can be recognized by the use of words such as
Ph. +62 21 526 2121 / +62 21 527 2121 “expects,” “plan,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such
forward-looking statements are not guarantees of future performance and involve risks and
Fx. +62 21 527 7878
uncertainties, and actual results may differ from those in the forward-looking statements as a
www.suryainternusa.com
www.suryainternusa.com
result of various factors and assumptions. The Company has no obligation and does not
undertake to revise forward-looking statements to reflect future events or circumstances.
building a better indonesia 48
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building a better indonesia 49
Names mentioned 29 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Suryacipta
p.4
unresolved
org
PT TCP Internusa
p.4 ×2
unresolved
org
PT Sitiagung Makmur
p.4 ×2
unresolved
org
PT Suryalaya
p.4 ×2
unresolved
org
PT Surya Swadaya
p.4
unresolved
org
PT Ungasan Semesta
p.4
unresolved
person
Vice
· President Commissioner
p.5 ×4
unresolved
org
PT Arman Investments Utama
p.6
unresolved
org
Intrepid Investments Limited
p.6
unresolved
org
PT SLP SURYA TICON INTERNUSA
p.7
unresolved
org
PT Surya Internusa Timur.
p.7
unresolved
org
PT Pembangunan Pariwisata Indonesia
p.13
unresolved
org
Marketing Agreement Sumitomo Corporation
p.14
unresolved
org
Sumitomo Corporation
p.14
unresolved
org
PT Suryacipta Swadaya
p.16 ×2
unresolved
org
PT Suryacipta Swadaya Infrastructures Surrounding
p.17
unresolved
org
PT Suryacipta Swadaya Marketing Sales
p.25
unresolved
org
PT Suryalaya Anindita Internastional
p.31
unresolved
org
PT Ungasan Semesta Resort
p.31
unresolved
org
PT Surya Internusa Hotels
p.31
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