Intiland Development
PT Intiland Development Tbk is a leading Indonesian property developer with a primary focus on property development, management and investment. The company’s portfolio includes middle to high-end townships & estates, mixed-use & high rise developments, hospitality and industrial estates in the Greater Jakarta area, Surabaya and a number of other cities. Per 2015, the company has a land bank of over 2000 hectares.
Profile
| Industry Sector | Property, Real Estate and Construction |
| Industry Sub Sector | Property and Real Estate |
| Established | 10 June 1983 |
| Listed | 4 September 1991 |
| Listed Company Code | DILD |
| Listed Shares | 10,365,854,185 |
| Dividend | Yes |
| Major Shareholders (>5%) | UBS AG Singapore 22.24% Credit Suisse AG Singapore 19.89% |
| Key Subsidiaries | Taman Harapan Indah Intiland Grande Intiland Esperto |
Stock Quote Intiland Development - DILD:
Business Summary
Intiland Development, established in 1983, is a leading Indonesian property company with a primary focus on developing superblock and high-rise residential projects in the cities of Jakarta and Surabaya (East Java). The company also develops low-rise residential, industrial estate and investment properties. It primarily develops property for the middle to middle up segments in Indonesian society. Some notable examples are Pantai Mutiara (built mostly on reclaimed land in North Jakarta), the Intiland Tower (green building), the Regatta, and Graha Famili (Surabaya).
Starting from the late 2000s, the company intensified efforts to apply green building principles in all its property projects.
The company has four business divisions:
1. Superblock mixed-use
2. Residential
3. Industrial estate
4. Investment property
Strengths & Opportunities:
• Long experience in Indonesia's property industry
• Owns sufficient land banks
• Has a diversified project portfolio in the Jakarta and Surabaya areas
• Low leverage coupled with higher advance payments
• New exciting projects in the pipeline
• Indonesia has huge housing backlog
• Due to robust economic growth and the expanding middle class property demand grows
Weaknesses & Threats:
• Relatively low contribution from incurring income
• Higher costs of land acquisition and building materials
• Change in government's tax regulations ("super luxury goods tax")
Further Reading: Analysis of Indonesia's Property Industry
Intiland Development's Financial Highlights:
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Net Sales |
1,262.0 | 1,510.0 | 1,827.9 | 2,200.9 | 2,276.5 |
| Gross Profit |
496.2 | 705.9 | 993.3 | 1,042.8 | 1,036.4 |
| Income before Tax |
276.2 | 403.7 | 503.3 | 457.1 | 404.3 |
| Net Profit | 181.4 | 323.6 | 430.5 | 401.5 | 298.9 |
| EBITDA | 372.2 | 516.0 | 664.8 | ||
| Total Assets |
6,091.8 | 7,526.5 | 9,007.7 | 10,288.6 | 11,840.1 |
| Total Liabilities | 2,140.8 | 3,430.4 | 4,539.2 | 5,517.7 | 6,782.6 |
| Earnings per Share¹ | 17 | 31 | 42 | 39 | 29 |
| Dividend per Share¹ |
5 | 12 | |||
| P/E Ratio | 18.3 | 10.1 | 15.6 | ||
| PBV | 0.8 | 0.8 | 1.5 |
in billion IDR rupiah, except otherwise stated
¹ in IDR rupiah
Sources: Intiland Development
Location
Contact Details
Intiland Tower, Penthouse Floor
Jalan Jenderal Sudirman No. 32
Jakarta - 10220
Phone: +62 21 570 1912
Fax: +62 21 570 0014
Email: [email protected]
www.intiland.com