PT Alam Sutera Realty (ASRI) Investor Presentation summary

Company overview

• Leading Indonesian township developer with a large, well-located landbank supporting 15–20 years of operations.

• Flagship projects include Alam Sutera (800 ha) and Suvarna Sutera (2,600 ha) near Jakarta.

• Diversified portfolio includes residential, commercial, retail, and cultural assets in Tangerang, Jakarta, Bali, and Sawangan.

• Listed on the Indonesia Stock Exchange since 2007 (IDX: ASRI).

• Proven track record in township development and landbank replenishment.

Financial performance and sales

• 9M2024 marketing sales reached IDR 2.3tn, up 48% y-o-y, with residential contributing 87%.

• 9M2024 revenue was IDR 2,523.1bn, a 2% increase y-o-y; houses and apartments grew 12% and 35% respectively.

• LTM EBITDA stood at IDR 1.7tn as of 9M2024.

• Net income for 9M2024 was IDR 23.1bn, down 89% y-o-y; gross profit margin at 52%.

• Payment profile: 66% of sales via mortgage, 26% cash installment, 8% hard cash.

Project launches and development

• Three new projects launched YTD: Cassia (Ayodhya), Agra (Suvarna Sutera), and YMMA (Sutera Rasuna/Alam Sutera 2).

• Cassia Cluster: launched 1Q2024, 3.3 ha, units 84–174 sqm, price IDR 1.9–3.3bn.

• Agra Cluster: launched 1Q2024, 9.1 ha, units 105–208 sqm, price IDR 1.6–2.0bn.

• YMMA Cluster (Alam Sutera 2): launched 3Q2024, 9.5 ha, units 44–204 sqm, price IDR 900mn–4.1bn; sold out with IDR 850bn in sales.

• The Gramercy: luxury landed homes, launched 4Q2023, 7.5 ha, units from 312–600 sqm, price from IDR 16bn.