PT BUMI SERPONG DAMAI TBK

PT Bumi Serpong Damai Tbk

August 2018
Company Overview
Company Highlights
• PT Bumi Serpong Damai Tbk (“BSDE”) was Shareholders Structure
established in 1984 by consortium of shareholders
to develop BSD City as a satellite city in southwest
Sinarmas Land
of Jakarta
Group
• BSDE has started its operation since 1989 and
has grown to become a new center of economy in
40% Other founding
the southern outskirt of Jakarta shareholders
58% Free floating
• BSD City is one of the largest city development
company in Indonesia with total license area of
5,950 ha
• Well established developments in Greater Jakarta &
Borneo, expanding to Semarang, Surabaya, Manado,
2% Company Structure Chart
Palembang and Makassar
BSDE
• BSDE is included in various indices, including MSCI,
88.56% 72.67% 55%
MBX, LQ45, JII, Infobank15, IDX30, Bisnis-27,
Investor33, SRI-KEHATI, ISSI, & MNC36 Duta Sinar Mas Sinar Mas
Pertiwi Teladan Wisesa
• BSDE is the largest property company in terms of
99.9% 51% 50%
market capitalization, IDR 30 trillion/USD 2.1
billion as of 1H2018) Duta Cakra Bumi Parama Trans Bumi
• Fitch Rating affirms 'BB-'; Stable Outlook; Pesona Wisesa Serbaraja
Moody’s affirms ‘Ba3’; Stable Outlook;
Pefindo affirms ‘idAA-‘; Stable Outlook. 49% 46.78% 33% 40%

Indonesia Plaza BSD

AMSL
International Indonesia Diamond
Indonesia
Expo Realty Development
1
 Corporate Actions
2003 - 2008 2010 2012-2013 2014 2015 2016 2017

2003, issued
Rights issue
Issuance
5% new
5% new
Issuance
Issuance USD
BSD Bond I IDR 760 Shelf shares shares Shelf Registry Bond
IDR 250B,
Acquisition of Registered issuance at issuance at Bond II USD70mn
repaid in DUTI (85.31% Bond IDR Rp Rp (Phase 1)
2008 of equity 2.75 trillion 1,820/share 1,890/share IDR650bn

2006, issued interest)
Acquired
Issuance
Bought back
2018
BSD Bond II
Capital stake of USD Bond BSD 2020
Issuance USD
IDR 600B, Injection to PLIN.IJ up to USD225mn USD146mn Bond
repaid in SMT and SMW 34.22%
Issuance USD USD300mn
2011 (60% and Bond

2008, IPO at 55%of USD200mn
IDR 550 enlarged
equity)
140000000
Current share price 2400
120000000 at Rp 1,350
1st August 2017 (31st July 2018) 2200
100000000
at IDR 1,765
2000
80000000

1800
60000000

40000000 1600

20000000 1400

0 1200
Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18

2
Core Business
PT Bumi Serpong Damai Tbk

Sales Development Revenue Recurring Revenue

City & Urban Gated/cluster Vertical Office Malls and Hotels &
Development Residential Residential Buildings Superblocks Leisure

Greater
Semarang Surabaya Medan Palembang Balikpapan Samarinda Manado Makassar
Jakarta

 International Trade Center (ITC)

Landed Residential  Shopping Mall
Shop Houses and offices  Office Building
Industrial Estate  Estate Management
Commercial Lots  Hotel
Apartments  Convention & exhibition
 Water Theme Park
 Built to suit retail space

3
Diversifying Portfolio
Presence in Nine Large Indonesian Cities
Palembang Medan Balikpapan Samarinda Manado
• 150 ha of township • Sinarmas Land Plaza • Grand City Township • Mal Balikpapan Baru • 245 ha of township • 14 ha of land bank
development Medan Office building Development (270ha) • Le Grandeur Hotel development
• Net leasable area of • Balikpapan Permai
18,573 sqm • Balikpapan Baru

Wisma BII-Medan

Samarinda Manado
Legend
Balikpapan - Current projects
Palembang

Makassar
Semarang Surabaya
Greater Jakarta

Greater Jakarta Semarang Surabaya Makassar

• Sinarmas Land Office Tower 1, 2, 3 —Thamrin • Taman Permata Buana—West Jakarta (97 ha) • DP Mall (Commercial) • Klaska Residence – • 5 ha of land bank
(NLA 95,588 sqm) • Banjar Wijaya—Tangerang (120 ha) (NLA 18,300 sqm) Jagir (2.6 ha)
• Sinarmas MSIG Tower – Jakarta • Bale Tirtawana—Bogor (433 ha) • Room Inc (162 • ITC Surabaya (NLA
(NLA 68,525 sqm) • Epicentrum Walk Mall – Jakarta CBD rooms) 38,502 sqm)
• Bakrie Tower – Jakarta (NLA 17,000 sqm) (NLA 10,722 sqm) • Sinarmas Land Plaza
• Le Grandeur Hotel—Mangga Dua (352 rooms) • ITC Superblocks - Mangga Dua, Cempaka (NLA 27,689 sqm)
Mas, Roxy Mas, Permata Hijau • Landbank
• Ocean Water Theme Park—BSD City
• ITC - Fatmawati, Depok, Kuningan – Benowo IndustriaI
• BSD City—Serpong (5,950 ha)
Ambassador, BSD Estate (430 ha)
• Grand Wisata—Bekasi (1,081 ha)
• Land bank – Mayjen Sungkono
• Kota Wisata—Cibubur (543 ha) (41 ha)
• Legenda Wisata—Cibubur (190 ha) – Duri Pulo, Tanjung Barat, Jatiasih, Cibubur,
– Tanjung Sari (1.7 ha)
• Kota Bunga—Bogor MT Haryono, Rasuna Jakarta CBD

4
Strong Footprint in Greater Jakarta
Excellent Connectivity & Diversity

• Projects have excellent connectivity

Java Sea Seaport via major highways and proximity to
transport hubs
TJ Priok
• Over 23 projects in Jakarta / Greater
Soekarno-hatta ITC Superblock ITC Superblock Jakarta region including the award
International Airport Mangga Dua Cempaka Mas winning BSD city
Le Grandeur Hotel Sinarmas Land • Diversified operations across Jakarta /
Taman Permata Buana Plaza Tharmin Indonesia
Aerium Condominium Sinarmas MSIG Tower • 7 spacious residential projects
Bakrie Tower
• 8 superblock developments
Tangerang Jakarta • 9 towers office building
ITC Kuningan
Seaport Taman Banjar Ambassador Mall • 27 ha commercial land banks in Jakarta
Wijaya ITC Permata Hijau
Ke Merak
Bekasi
Karawaci
Alam
ITC Fatmawati
Sutera
Gading Legend:
Serpong [Solid line] Constructed toll roads
Pd. Indah Grand
Wisata Cibitung [Dotted line] Awarded toll roads
Serpong- Railway
BSD City Jatiasih, Cibubur – land bank
Balaraja Tollroad Ocean Park
Southgate Kota Wisata
Cikarang

Legenda Wisata

Depok
Pamulang
Ke
Cikampek
Bale Tirtawana
ITC Depok

Bogor

5
 Strategic and Largest Land Bank
• One of largest land bank
Area Covered by Land Bank (ha)
in Indonesia. Project Name Location
Location Permit (ha) 30-Jun-18
• Diversifying portfolio BSD City Banten 5,951.1 2,423.4
across Indonesia Bale Tirtawana - Rumpin Bogor 496.0 432.8
archipelago and owns
Legenda Wisata Cibubur 190.0 12.5
development rights up to
an aggregate of 10,220.4 Taman Permata Buana West Jakarta 97.1 2.2
hectares. Grand Wisata West Bekasi 1,081.0 554.4
Kota Wisata Cibubur 918.0 366.4
• Our land bank as of June
Banjar Wijaya Tangerang 120.0 11.2
30, 2018 comprised
4,741.6 hectares, Grand City Balikpapan 270.0 230.7
including 4,044.4 Kota Bunga Cipanas 161.0 10.7
hectares for townships Total for Townships 9,284.2 4,044.4
and 697.3 hectares for Jakarta CBD 6.3 3.1
commercial development. Central Jakarta 17.1 17.2
• BSD City as a flagship South Jakarta 5.5 4.9
developments, situated in Manado 14.2 14.2
south west part of Greater Surabaya 493.7 435.3
Jakarta, owns 2,423.4 Samarinda 245.0 73.6
hectares of land bank for Palembang 150.0 143.5
next 20 years Makassar 5.4 5.4
development.
Total Land Bank 10,220.4 4,741.6
6
Commercial Superblocks
Superblock Mangga
Superblock DuaDua
Mangga Superblock Permata Hijau
Superblock Superblock Mangga Dua
Permata Hijau Superblock Roxy Mas
Superblock Cempaka Mas
Superblock Ambasador Kuningan
Superblock Fatmawati Mas
Superblock Permata Hijau
Superblock Mangga Dua Surabaya
ITC Depok
ITC Surabaya
ITC BSD
Superblock Cempaka Mas Future Commercial Expansion
• Mixed development, Duri Pulo, Central
Jakarta,16 ha
• Mixed development, Southgate, South Jakarta,
5.6 ha
• Mixed development, Jakarta CBD, Rasuna
Epicentrum, 5.5 ha

ITC Depok
• Pioneer of ITC (strata retail mall)
• One of the pioneers of “superblock • Successfully developed 10 Superblocks in
developments” which combine spread around Greater Jakarta and
condominium, retail space and offices Surabaya with around 1,3 million net
• As most favorite business hub for sellable area and as recurring income
wholesalers and retailers generator 154,000 sqm leaseable area
7
Investment Properties
Jakarta Office Building GOP 9
Jakarta Sinarmas Land Plaza Thamrin I Rentable area : 21,224 sqm
Rentable area : 10,230 sqm 5 storey office building
12 storey office building GOP 1 (under construction)
Sinarmas Land Plaza Thamrin II Rentable area : 59,089 sqm
Rentable area : 66,180 sqm 5 storey office building
39 storey office building
Sinarmas Land Plaza Thamrin III Mall
Rentable area : 11,494 sqm QBig
12 storey office building Net leaseable 65,351 sqm
17.5 ha gross land area, BSD City
Sinarmas MSIG Tower
Breeze Open Air Lifestyle Mall
Rentable area : 68,525 sqm
Net leaseable 34,719 sqm
47 storey office building
13.5 ha gross land area, BSD City
Bakrie Tower DP Mall Semarang, Central Java
Rentable area : 17,000 sqm Net leaseable 24,373 sqm
13 storey office building Gross floor 53,000 sqm
Epicentrum Walk Mall, CBD Jakarta
Surabaya Office Building Net leaseable 11,400 sqm
Sinarmas Land Plaza Surabaya Gross floor 14,800 sqm
Rentable area 23,281 sqm Mall Balikpapan Baru, Balikpapan
20 storey office building Net leaseable 10,127 sqm
Gross floor 16,338 sqm
Medan Office Building
Sinarmas Land Plaza Medan Hotel
Rentable area : 11,651 sqm Le Grandeur Jakarta
10 storey office building 16 stories, 352 rooms
Le Grandeur Balikpapan
BSD Green Office Park 5 stories, 185 rooms
My Republic Plaza (GOP 6) Room Inc
Rentable area : 18,389 sqm Semarang, Central Java
5 storey office building 3 stories, 162 rooms

8
Project Overview
BSD City – Master Plan ~ 6,000 Ha

GREENWICH

JV MITSUBISHI
PHASE 3 CORP

2,450 Ha
THE MOZIA EMINENT

VANYA PARK
PHASE 1
NAVA PARK
1,500 Ha

AEON MALL

ATMAJAYA
UNIVERSITY
INTERMODA

PHASE 2
2,000 Ha

9
 Infrastructure & Facilities

Infrastructure Facilities
•Easy access to BSD City: •Lifestyle and Entertainment
2 existing toll roads DIG Golf Course, Indonesia Convention Exhibition (ICE)
3 future toll roads Ocean Water Theme Park
double tracks train Breeze Mall, Teraskota, BSD Plaza, ITC BSD, Aeon Mall, Qbig
feeder bus, link into busway Clubhouse, swimming pool, movie theaters
•Reliable power supply and fiber optic cables are the backbone to the •Education, Health, Worship
communication infrastructure More than 65 education institution
•Water treatment plant to provide continous fresh water supply ± 5 hospitals
•Nursery, a plant seeding cultivation center to support BSD City green Mosque, church, temple
development •Service: traditional market, fire fighter, 24 hour securities

10
 Phase I ~ 1,500 Ha
Green Cove Sevilla The Green

•Development started in 1989 and currently at completion stage

•Population more than 160.000 people (phase 1 and 2)
•At least 35.000 Residential and Commercial Units (phase 1 and 2)

Sunburst Office Park ITC BSD Taman Tekno

11
Phase I ~ The Savia (16 Ha)
The Savia Phase I Tevana Zeva

Units launched 192 189 82

Price Range In 0.9 – 3 1.1 – 2.3 1.4

billion IDR

Type In sqm B 62 - 133 B 78 - 133 B 87

L 56 - 213 L 72 - 160 L 84

12
 Phase II- Jadeite

Sub-Cluster Jadeite
Development 8 ha
Area
Units 124
Price Range IDR 4.2 –
In billion IDR 11

Type B 180 - 318

In sqm L 162 - 487

13
Phase II ~ Greenwich Park 47 ha
Sub-Cluster Mayfield Sheffield Whitsand Whelford

Development Area 7.5 ha 7.6 ha 6 ha 7 ha

Units launched 168 197 57 259

Price Range In 2.5 – 5 2.7 – 6.7 2.8 – 6.7 1.5 – 1.8

billion IDR

Type In sqm B 130 - 275 B 130 - B 132 – 288 B 120 – 125

L 160 - 275 L 160 – 535 L 60 – 84
300 L 160 -
300

Sub-Cluster Luxmore Hylands Caelus

Development Area 7 ha 7 ha 7 ha

Units launched 83 192 218

Price Range In billion IDR 1.7-2.7 1.4 – 2.3 3 – 5.9

Type In sqm B 120-125 B 70 – 133 B 146 – 250

L 112-295 L 77 – 112 L 112 – 232

14
 Phase II ~ Vanya Park 35 Ha

Sub-Cluster Azura Assana Anila Vanya Anarta Asatti Garden Alesha Askara
House Lakeside House House House House

Gross Area 5.6 ha 2.0 ha 2.6 ha 1.0 ha 2.7 ha 3.1 ha 4.3 ha 3.0 ha

No of Units 418 152 95 42 255 576 350 72

Price Range IDR 1.0 – IDR 1.0 – IDR 1.5 – IDR 2.0 – 2.4 IDR 1.0 IDR 0.6 – 1.9 IDR 1.2 IDR 1.2 –
In billion 1.4 1.28 2.3 – 1.4 3.1

Type In sqm B 53 - 70 B 53 - 70 B 72 - 96 B 143 - 171 B 89 B 31 – 111 B 90 B 66 - 123

L 60 – 77 L 60 – 77 L 77 – 128 L 90 – 108 L 34 L 67.5 L 32 L 60 – 150

15
 Phase II – BSD Green Office Park (25 Ha)

• Comprise up to 10 low-rise office buildings • 4th MyRepublic Plaza, for lease, operated in June 2015
• Gold Award for Green Mark District, certified by Building Construction Authority (Singapore) • 5th GOP 9, for lease, operated in 2017
• Micro-climate optimization • Headquarter of PT Unilever Indonesia Tbk, occupied in 2017
• 1st Marketing Office, operated in 2011 • Under constructing GOP 1, will be operating in 2019
• 2nd Sinarmas Land Plaza, operated in 2012 as Sinarmas Land’s Headquarter. • Won several awards, one of them was as The Best Green Development by South East Asia
• 3rd Breeze Life Style mall, mainly food & beverage tenants, operated July 2013 Pacific Award

16
Phase II ~ The Zora
• Jointly developed with Mitsubishi Corporation.
• 19 hectares of premium residential area with
smart home technology.

Sub-Cluster Keia Kimora

Development Area 4.5 ha 2 ha
Units 84 53
Price Range In billion IDR 4 – 7.1 IDR 4.2 – 7.6
Type In sqm B 195 - 302 B 198 - 262
L 120 - 190 L 120 - 153

17
Phase II – Indonesia Convention
Exhibition ICE
• A new emerging destination of MICE industry in Indonesia on 22 ha land
area, located in main boulevard of BSD City 2nd phase
• Spacious indoor and outdoor exhibition area, 100,000 sqm
• Divisible convention hall, 4,000 sqm, into rooms or meeting rooms
• 12,000 sqm convenient pre-function lobby
• Comprehensive services for wide variety of events including musical
concerts, large scale wedding, gala dinner, graduation, product launch,
religious service and sport tournament
• Jointly with Kompas Gramedia Group
• Managed and operated by Duetsche Messe, Hannover, Germany

18
Phase II – AEON Mall
• 1st Aeon Mall in Indonesia, Japanese theme shopping center
• On 10 hectares land area, 177,000 sqm of GFA, 77,000 sqm of NLA
• Jointly develop with AEON Co. Ltd
• Grand opening on 30th May 2015
• Anchor tenants : Aeon Department Store, Aeon Supermarket, H&M, Uniqlo, XXI, Muji,
Food Culture, and Food Carnival
• 100% occupancy rate

19
 Phase II ~ Nava Park

• Jointly developed with Hong Kong Land

• 68 hectares premium residential area, landed, low rise and
mid rise housing
• LANCEWOOD Launched on 28th October 2014, 100 landed
bungalows sold out, ranging price from IDR 4.8 to 12 bn
each.
• Marigold launched on 28th March 2015, currently three out
of six towers of low rise condominium has been launched,
270 units, ranging price from IDR 1.3 to 5 billion per unit.
• LAKEWOOD introduced in December 2016 with price
ranging from IDR 7.7 to IDR 17 bn per unit.

20
 Education Center
•Integrated education center
Prasetya Mulya Business School
•Located at near by residential area BSD City

•Two universities :
Prasetiya Mulya Business School (10 Ha)
Unika Atma Jaya (20 Ha)

•Various international and well known local

schools:
Jakarta Nanyang International School
Sinarmas World Academy
Santa Ursula Catholic school
Al-Azhar Islamic School
Binus International School
Unika Atma Jaya Yayasan Bina Eksekutif
Bina Sarana Informatika
Stella Maris
Cendekia Abditama
Deutsche Schule
Ora Et Labora
Insan Cendikia
Cikal Harapan
Saint Mary
St. John School
St. Antonius
Solideo

21
Jakarta CBD Project : The Elements

• Situated Jakarta CBD, golden triangle, Jl. HR. Rasuna

Said, South Jakarta
• 5.5 ha commercial land plot, divided into 3 plot land
parcels, Lot 16, 17 and 18
• Surrounded by mall, office towers, apartments and
mixed use development
• The Elements condominium for sales is on Lot 16,
6,000 sqm land area, comprising two towers
condominium and serviced apartment, launched in
4Q 2015, two and three bedrooms type
22
SOUTHGATE TB Simatupang
•Located in Tanjung Barat, Lenteng Agung, South Jakarta. Land area 5.4 ha
•Plan to develop mixed use development i.e. Aeon mall, office, serviced apartment, hotel and
condominium for sale. Aeon Mall will be operating in 2020 with NLA 56,000 sqm
•One tower of condominium for sale, 27-floor tower, 300 units available, middle to upper
segment market
•one bedroom type (49 and 51 sqm), one bedroom plus type (72 sqm), and two bedroom plus
type (101 sqm). Starting price at Rp 1.2 to 3.5 billion

23
KLASKA RESIDENCE SURABAYA
• Located in central of
Surabaya, East Java with
3.2 hectares of land area
• Plan to develop mixed-
use development
including retail arcade, 6
towers condominium for
sales for middle segment
market, 1,000 units per
tower
• Surrounded by various
universities
• Starting price at IDR 400
million :
• Superior (26 sqm) :
IDR 494 mn
• Deluxe (35 sqm) :
IDR 672 mn
• Suite (52 sqm) :
IDR 989 mn
• Loft (133 sqm) :
• IDR 2.4 bn
• Product : studio to
2BR type

24
Financial Overview
Financial Performances (in trillion IDR)
Aset Liabilitas Ekuitas
47% Revenues Gross Profit Net Profit EBITDA CAPEX

256
35%
30% 31%
DER EPS
51.4 104
46.0 93 10.3

38.5 21
36.2 7.6
29.2 29.7 6.6
24.5 6.2
22.2 21.7 4.7 4.9
16.8 4.0 4.3
14.0 14.1 3.3 3.4 3.1
3.1
1.8 2.0 2.3 2.2
1.4 1.4 1.5
0.4

2015 2016 2017 1H18

FY2016 FY2017 1H17 1H18

19% 13% 15% 24%

• Approaching 80 : 20 proportion of sales development

81% 87% 85% 76% income and recurring income

2016 2017 1H17 1H18

Development Revenue Recurring Income

25
Profitability Highlights
Gross Margin 2014 2015 2016 2017 1H18

Residential 61% 64% 67% 66% 63%

Land 90% 90% 83% 82% 89%
Commercial 54% 68% 60% 51% 61%
Recurring Income 88% 88% 88% 84% 79%

75% 73% 73%

72% 72%

• Maintaining >
53% 56% 53%
48% 47% 50% 60% gross
45% 46% margin
41%43% 44%
34% • Maintaining >
32% 30% net
27%
margin
17%15%
13%
11%7%
3%

Gross Margin Operating Margin Net Margin EBITDA Margin Return on Equity*
2015 2016 2017 1H17 1H18

26
Revenues Composition

27
Dividend Pay Out
Net Income Dividend % Net Income

4,920
3,821
27%
20% 21% 21% 20%
2,691
2,139
10%
1,796
1,287 7.5%
4.5% 5.3%
841
22344 309 394
105 175 262 276 288 96 96
0%
66 -
IDR In Bn
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Year books 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Number of 10,935,633,870 10,935,633,870 17,496,996,592 18,371,846,392 19,246,696,192

Shares
IDR/Share 4 6 6 10 15 15 15 5 5 0

28
Financial Highlights
Balance Sheets 2016 2017 % YoY 1H2018 % YoY
(IDR in bn) (IDR in bn) (IDR in bn)

Cash and cash equivalent 3,578 5,793 62% 8,749 51%

Inventories 7,634 7,910 4% 8,602 9%
Land for development 10,098 11,124 10% 11,406 3%
Investment properties 4,001 7,370 84% 7,667 4%
Investment in shares 5,863 7,205 23% 7,198 0%
Total assets 38,537 45,951 19% 51,375 12%
Bonds payable 6,924 7,444 8% 10,245 38%
Bank loan 455 1,587 249% 3,666 131%
Sales advances 4,312 3,870 -10% 4,187 8%
Total equities 24,463 29,197 19% 29,722 2%
Profit and Loss FY2016 FY2017 % YoY 1H2017 1H2018 % YoY
(IDR in bn) (IDR in bn) (IDR in bn) (IDR in bn)

Revenues 6,603 10,347 57% 4,307 3,120 -28%

Gross Profit 4,721 7,590 61% 3,146 2,240 -29%
Operating profit 2,447 5,062 107% 1,952 1,002 -49%
Net Income* 1,796 4,920 174% 2,010 409 -80%
EBITDA 3,339 6,201 86% 2,282 1,374 -100%
EPS (full IDR) 93 256 174% 104 21 -80%
29
Pre Sales Summary (in bn Rp)
7,233 7,200
8,000 6,757
6,252 840 -
-
7,000
560
6,000 1,572
3,550
5,000 1,666 3,774
4,128
4,000 2,519 -
3,000 840
5,185 2,055
2,000 4,026 3,650
2,265 631
1,000 1,719
1,048
-
2015A 2016A 2017A 2018T 1H17 1H18

Residential (landed houses) Commercial JV Land lot

30
Awards
Thank You

Thank You
Thank You
www.bsdcity.com
Disclaimer
• No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness,
accuracy, completeness or correctness of the information or opinions contained herein. The Company shall not have any
liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents
or otherwise arising in connection with the document.
• This document may contain forward-looking statements and estimates with respect to the future operations and
performance of the Company and its affiliates. Investors and security holders are cautioned that forward-looking
statements are subject to various assumptions, risks and uncertainties, many of which are difficult to predict and are
generally beyond the control of the Company. Such assumptions, risks and uncertainties could cause actual results and
developments to differ materially from those expressed in or implied by the forward-looking statements. Factors that could
cause actual results and developments to differ materially from those estimated by the forward-looking statements include,
but are not limited to, property prices and demand and supply of properties. Accordingly, no representation or warranty,
either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained in
this document, nor is it intended to be a complete statement or summary of the property markets or developments referred
to in this document. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Neither
the Company and any other person assumes responsibility for the accuracy, reliability and completeness of the forward-
looking statements contained in this document. The forward-looking statements are made only as of the date of this
document. The Company is under no duty to update any of the forward-looking statements after this date to conform such
statements to actual results or developments or to reflect the occurrence of anticipated results or otherwise
Contact Info
PT BUMI SERPONG DAMAI TBK
Sinar Mas Land Plaza, Wing B, 3rd Floor
Jl. Grand Boulevard, BSD Green Office Park BSD City
Tangerang 15345
Indonesia
Phone : +62 21 50 368 368
Fax : +62 21 537 3008
Website : www.sinarmasland.com

• Hermawan Wijaya, Director

hermawan.wijaya@sinarmasland.com

• Christy Grassela, Head of Investor Relations

christy.grassela@sinarmasland.com