PT Alam Sutera Realty (ASRI) Investor Presentation summary

Company overview

• Leading Indonesian property developer with a focus on large-scale urban townships and a proven track record since 1994.

• Owns a substantial, well-located landbank supporting operations for 15–20 years.

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

• Core projects include Alam Sutera (800 ha) and Suvarna Sutera (2,600 ha license, 900 ha phase one) near Jakarta.

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

Financial performance and highlights

• 1H2024 marketing sales reached IDR 1.2tn, up 20% year-on-year; residential contributed 84% (IDR 996bn).

• 1Q2024 revenue rose 36% y-o-y to IDR 947.3bn, with gross profit up 56% and margin improving to 51%.

• LTM EBITDA maintained at IDR 2tn as of 1Q2024.

• Net income for 1Q2024 was IDR 43.1bn, down from IDR 1,098.1bn in 1Q2023.

• Debt to equity ratio stable at 56%, with net debt to equity at 44%.

Project launches and portfolio updates

• Launched Cassia Cluster (Ayodhya) and Agra Cluster (Suvarna Sutera) in 1H2024, contributing IDR 110bn in sales.

• The Gramercy project generated IDR 220bn in 1H2024 sales.

• Main projects include Elevee Residences, The Gramercy, Cassia Cluster, Agra Cluster, and Escala commercial lots.

• Suvarna Sutera has sold over 7,000 units since 2011.

• Garuda Wisnu Kencana Cultural Park in Bali saw record 1.3 million visitors in 2023, with 9% revenue growth.