PT Alam Sutera Realty (ASRI) Investor Presentation summary

2024 performance highlights

• Achieved 71% year-on-year growth in marketing sales, reaching IDR 3.16 trillion and surpassing the target of IDR 2.8 trillion, with residential contributing 89% of sales and a 106% y-o-y surge.

• Sutera Rasuna supercluster launch in September 2024 generated IDR 1.3 trillion in sales in a short period, with strong demand for units starting at IDR 900 million.

• Total revenue for 9M2024 was IDR 2,523.1 billion, up 2% y-o-y, with houses and apartments growing 12% and 35% respectively, while land lot revenue declined 36%.

• Successfully refinanced USD 251 million in 2025 bonds with IDR bank loans, eliminating USD debt and direct forex risk.

Marketing sales and product mix

• 83% of 2024 marketing sales came from houses and lots, mainly due to successful launches in Alam Sutera and Suvarna Sutera.

• Alam Sutera township was the largest contributor by area, driven by the Sutera Rasuna launch.

• Most buyers used mortgages (68%) or cash installments (25%) for payments.

• 2025 marketing sales target set at IDR 3.5 trillion, with IDR 3 trillion from residential and IDR 500 billion from commercial.

Financial position and ratios

• 9M2024 net income was IDR 23.1 billion, down 89% y-o-y, with EBITDA at IDR 1,719.7 billion, down 21%.

• Cash and cash equivalents at IDR 492.7 billion as of 9M2024.

• Total assets stood at IDR 21,766.4 billion, with total debt at IDR 6,164.5 billion and a debt-to-equity ratio of 55%.