20241030_KIJA_Laporan Informasi dan Fakta Material_31750706_lamp1.pdf

penjualan tanah matang di Kendal yang memiliki marjin lebih rendah dibandingkan tanah matang di
Cikarang, kenaikan harga gas dari AS 6,00 per mmbtu menjadi AS 8,70 per mmbtu, dan reserve shutdown
(penghentian sementara) yang diberlakukan oleh PLN dari waktu ke waktu yang menyebabkan volatilitas
pada marjin pendapatan listrik setiap periodenya. Alhasil, hingga akhir September 2024 KIJA mencatatkan
laba bersih sebesar Rp 769,7 miliar, meningkat dibandingkan dengan Rp 231,9 miliar pada periode yang
sama tahun 2023.

"Sepanjang sembilan bulan pertama 2024, laba bersih KIJA mencapai Rp 769,7 miliar, meningkat 232%
dibandingkan periode yang sama tahun lalu, yang didorong oleh pertumbuhan di seluruh segmen bisnis
Perseroan, khususnya peningkatan signifikan di segmen properti dari Kendal. KIJA mencatatkan
peningkatan pendapatan sebesar 47% menjadi Rp 3.367 miliar, yang turut memperkuat posisi keuangan
KIJA dengan total kas mendekati Rp 2 triliun pada akhir kuartal ketiga," jelas Budianto Liman, Wakil
Direktur Utama Perseroan. Selain itu, pergerakan valuta asing (valas) juga berkontribusi positif terhadap
laba bersih, dengan perusahaan mencatatkan keuntungan bersih dari valas sebesar Rp 73,6 miliar di 9M24
dibandingkan dengan kerugian valuta asing dan derivative (call spreads) sebesar Rp 75,4 miliar di 9M23.

EBITDA perusahaan pada 9M24 tercatat sebesar Rp 1.206 miliar, meningkat 47% dibandingkan Rp 819,9
miliar pada tiga kuartal pertama tahun 2023, sejalan dengan peningkatan pendapatan dan laba kotor.

Total posisi kas konsolidasi Perseroan pada akhir September 2024 tercatat sebesar Rp 1.945,5 miliar, naik
sekitar 78% dibandingkan Rp 1.094,7 miliar pada akhir 2023. Selain itu, Perseroan juga memiliki saldo kas
dan setara kas yang dibatasi penggunaannya pada akhir 9M24 tercatat sebesar Rp 245,1 miliar, dimana
sekitar setengahnya berupa dana cadangan bunga dan pokok pinjaman untuk Bank Mandiri sebesar Rp
117,8 miliar sesuai ketentuan pinjaman tersebut.

Pada awal tahun 2024, PT Kawasan Industri Kendal (”KIK”) (entitas anak yang merupakan perusahaan
patungan Perseroan melalui PT Grahabuana Cikarang dengan kepemilikan 51% bersama dengan
Sembcorp 49%) telah membagikan total dividen kepada para pemegang sahamnya dengan total Rp 322,9
miliar. Dengan demikian, PT Grahabuana Cikarang (entitas anak yang dimiliki sepenuhnya oleh Perseroan)
yang merupakan pemegang saham KIK menerima 51% dari jumlah tersebut, atau sebesar Rp 164,7 miliar.

Penjualan Pemasaran
Dalam segmen Land Development & Property, Perseroan mencatatkan pra-penjualan (marketing sales)
sebesar Rp 2.391,9 miliar dalam tiga kuartal pertama tahun 2024, atau setara dengan 96% dari target pra-
penjualan sepanjang tahun sebesar Rp 2.500 miliar. Angka ini juga menunjukkan peningkatan sebesar 38%
dibandingkan Rp 1.727,1 miliar pada 9M23. Kontribusi penjualan pemasaran dari Cikarang dan wilayah
lainnya sebesar 27%, sementara Kendal menyumbang 73%. Penjualan dari produk industri (tanah
dan/atau tanah dengan bangunan pabrik standar) menyumbang 88%, sedangkan segmen
residensial/komersial dan lainnya memberikan kontribusi 12%.

"Didukung oleh produk properti yang beragam, yang terdiri dari kawasan industri, residensial, dan
komersial, serta rencana kebijakan pemerintah baru yang mendukung sektor properti, kami merevisi
target penjualan pemasaran tahun fiskal 2024 menjadi Rp 3 triliun dari sebelumnya Rp 2,5 triliun. Kami
berkomitmen untuk memberikan nilai tambah bagi para pemegang saham melalui penciptaan proyek-
proyek yang berkelanjutan dan inovatif, dengan tetap berpegang pada prinsip kehati-hatian dan menjaga

stabilitas keuangan, melakukan pengelolaan aset yang efisien serta pengendalian liabilitas akan menjadi
kunci pertumbuhan kami di masa depan.” tutup Budianto.


Untuk informasi lebih lanjut, silakan menghubungi:

Corporate Secretary
Muljadi Suganda
E: muljadi@jababeka.com
P: 572 7337 ext 678
Investor Relations
Tim Beekelaar
E: tim_beekelaar@jababeka.com
P: 572 7337 ext 565

PRESS RELEASE
For Immediate Release

KIJA NET PROFIT SURGES 232% – MARKETING SALES ACHIEVED 96% OF TARGET

PT Jababeka Tbk (“KIJA”) recorded a total revenue of Rp 3,367.0 billion for the first nine months of 2024
(“9M24”), an increase of 47% compared to the same period of 2023 (“9M23”).

The Company’s Land Development & Property pillar saw revenue increase 65% to Rp 1,853.7 billion in
9M24, from Rp 1,121.5 billion in 9M23. This was mainly the result of an increase in developed land plot
sales, from Rp 822.9 billion in 9M23 to Rp 1,470.3 billion in 9M24, mostly because of growth in land plot
sales in Kendal from Rp 800.9 billion in 9M23 to Rp 1,267.1 billion in 9M24. Revenue from land and factory
buildings increased 142%, from Rp 29.8 billion in 9M23 to Rp 72.0 billion in 9M24. Additionally, the
remaining real estate segments, which consists of land and houses, apartments, office space and shop
houses, and rental saw revenue increase 16% to Rp 311.4 billion in the first three quarters of 2024,
compared to Rp 268.8 billion over the same period last year.

During the first nine months of 2024, Infrastructure Pillar revenue increased 32% to Rp 1,414.2 billion for
the first nine months of 2024, from Rp 1,071.5 billion over the same period of 2023. The main reason for
this growth was due to an increase in revenue contribution from the power segment, from Rp 643.2 billion
in 9M23 to Rp 911.2 billion in 9M24, mainly because of an increase in off-take from PLN and industrial
end-users in Cikarang and Kendal, as well as an increase in gas cost from US$6.00 per mmbtu to US$8.70
per mmbtu since January 2024. In addition, revenue from the service and maintenance segment (water,
wastewater, estate management, and others) grew 11% to Rp 317.0 billion in 9M24, from Rp 285.2 billion
in 9M23, mainly because of an increase in demand from Kendal, but also from Cikarang. Lastly, the dry
port (CDP) saw an increase in revenue from Rp 143.1 billion in 9M23 to Rp 186.0 billion in 9M24, which
was mainly driven by an 18% growth in container throughput, and an increase in storage revenue.

KIJA’s Leisure & Hospitality pillar posted an increase in revenue to Rp 99.1 billion in the first nine months
of 2024, from Rp 95.2 billion in the previous year. This was the result of a better performance of the golf
and tourism segments, which saw revenue increase by 3% and 9% respectively, to Rp 64.5 billion and Rp
31.0 billion respectively in 9M24. The golf segment contributed 65% to the total revenue of the Leisure &
Hospitality pillar in 9M24, a slight decrease from 66% in 9M23.

The recurring revenue generated from the infrastructure businesses amounted to 42% from the total
revenue in the first three quarters of 2024, compared to 47% in the first three quarters of 2023. This lower
contribution is mainly the result of more (relative) contribution from the Land Development & Property
pillar in 9M24 compared to the prior year.

The Company’s gross profit increased 39% to Rp 1,411.4 billion in 9M24. At the same time, KIJA’s
consolidated gross profit margin for the first three quarters of 2024 was recorded at 42% compared to
44% in 9M23. The 3 main factors contributing to the decrease are: the relatively higher contribution from
land plot sales in Kendal in 9M24 which have lower margins compared to land plot sales in Cikarang, the
higher gas price this year versus last year (US$8.70 per mmbtu vs US$6.00 per mmbtu), and the reserve

shutdowns imposed by PLN from time to time, which result in power margin volatility when comparing
different periods. As a result, KIJA recorded a net profit of Rp 769.7 billion in the first nine months of 2024
compared to a net profit of Rp 231.9 billion for the same period in 2023.

"Net profit as of 9M24 reached Rp 769.7 billion, increasing by 232% compared to the same period last
year, driven by growth across all business segments, particularly the significant increase in property sales
in Kendal. KIJA recorded a 47% increase in revenue, reaching Rp 3,367.0 billion, which helped improve
KIJA's strong financial position at the end of the third quarter with total cash at nearly Rp 2 trillion,"
explained Budianto Liman, Vice President Director of KIJA. Lastly, the impact of foreign exchange (forex)
movements also helped boost net profit as the Company booked a net gain on forex amounting to Rp 73.6
billion in 9M24 compared to a net forex loss (including on derivatives / call spreads) of Rp 75.4 billion in
9M23.

The Company’s EBITDA in 9M24 was recorded at Rp 1,206.0 billion, which is an increase of 47% compared
to Rp 819.9 billion from the first three quarters of 2023, and largely in line with the increase in revenue
and gross profit.

The Company’s total consolidated cash position at the end of September 2024 was recorded at Rp 1,945.5
billion, up about 78% compared to Rp 1,094.7 billion at the end of 2023. In addition, restricted cash and
cash equivalents as per the end of 9M24 was recorded at Rp 245.1 billion, about half of which consists of
Rp 117.8 billion in interest and principal reserve funds required by the terms of the Mandiri loans.

Earlier this year, the PT Kawasan Industri Kendal (“KIK”) (a subsidiary which is a joint venture of the
Company through PT Grahabuana Cikarang with 51% ownership together with Sembcorp 49%) declared
and paid out a dividend to its shareholders amounting to a total of Rp 322.9 billion. The Company’s wholly
owned subsidiary (PT Grahabuana Cikarang, shareholder of the Kendal JV) received 51% of this, equal to
Rp 164.7 billion.

Marketing Sales
In terms of Land Development and Property marketing sales, the Company achieved Rp 2,391.9 billion in
the first three quarters of 2024, equivalent to 96% of the Company’s full-year marketing sales target of
Rp 2,500 billion, and an increase of 38% compared to Rp 1,727.1 billion in 9M23. Marketing sales from
Cikarang and others contributed 27%, whereas Kendal added 73%. Sales from industrial products (land
and/or land with standard factory buildings) contributed 88%, while the residential/commercial and
others segment contributed the remaining 12%.

"With support from diversified property products, including industrial estates, residential, and
commercial developments, along with new government policies promoting the property sector, we are
revising our FY2024 marketing sales target to Rp 3 trillion from Rp2.5 trillion previously. We are
committed to providing added value to shareholders through the creation of sustainable and
innovative projects, adhering to prudent principles, which together with financial stability,
efficient asset management, and liability control will be the keys to our future growth." Budianto
concluded.

For more information, please contact:

Corporate Secretary
Muljadi Suganda
E: muljadi@jababeka.com
P: 572 7337 ext 678

Investor Relations
Tim Beekelaar
E: tim_beekelaar@jababeka.com
P: 572 7337 ext 565