PINA Airport Projects

West Java International Airport - Phase 2&3, Kertajati

Kulon Progo Airport, Yogyakarta

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 6. West Java International Airport Phase 2&3
Indicative Structure and Investment Objective

INDICATIVE STRUCTURE INVESTMENT OBJECTIVE

Investment : For Phase 2 development of Investment : 5 – 10 years
➢ PT BIJB will raise another fund
Required PT BIJB’s Airport, Period
to finance the development of
investment required
Phase 2 & 3.
IDR 4 trillion (USD 298 mn). Exit Strategy : • Strategic sales or
Phase 3 is IDR 6 trillion Exercise put
(USD 447 mn) options
➢ Potential investor can
Investment Rupiah (IDR) • Public offering
participate by investing through
Denomination :
subscription of the RDPT
instrument. Financial PT Sarana Multi
Use of Fund : Phase 2 & 3 PT BIJB Advisor : Infrastructure
Development
Capital
Structure Investment PT Danareksa
Of Project : • 30% equity Management : Investment
• 70% debt Management
Preferred
Instrument : Mainly looking for
New debt/loan and additional
Investor equity depend on the phase
Minimum : 1 performance Contact:
Investment N/A Victor Edward (EVP, Head of Loan
Loan/ Syndication and Structure Division PT
Equity
Sarana Multi Infrastructure)
Target
Mobile : +62-812 9054 360
Project Performance Email : victor@ptsmi.co.id
Contact : Under preparation

• Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

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 7. West Java International Airport Aerocity Development (BIJB AD)
Indicative Structure and Investment Objective

INDICATIVE STRUCTURE INVESTMENT OBJECTIVE

Investment : The first development Investment : 5 – 10 years
➢ PT BIJB AD will develop 3500
Required stage of Aerocity is Period
hectare of Aerocity ( 6
development clusters) that required money for land
consist of business park, acquisition of IDR 20 tn Exit Strategy : • Strategic sales or
airplane MRO,hotel, office, (USD 1.48 bn) Exercise put
Investment options
housing and apartment.
Denomination : Rupiah (IDR) • Public offering
➢ PT BIJB AD have collaborated
Use of Fund : Development of 5 clusters Financial PT Sarana Multi
with PT PP Property Tbk to
develop the first 300 hectares. in the Aerocity Advisor : Infrastructure
Capital
Structure
➢ PT BIJB AD is looking another
Of Project : N/A Investment
strategic partner to develop the
other clusters in the Aerocity. Management : TBD

Preferred
➢ Potential investor can
Instrument : Direct participation
participate by investing through
subscription of the RDPT
instrument. Contact:
Minimum : N/A
Investment Victor Edward (EVP, Head of Loan
Syndication and Structure Division PT
Sarana Multi Infrastructure)
Target
Mobile : +62-812 9054 360
Performance Email : victor@ptsmi.co.id
Contact : Under preparation

• Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

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 8. Kulon Progo Airport, Yogyakarta
Indicative Structure and Investment Objective

INDICATIVE STRUCTURE INVESTMENT OBJECTIVE

Investment : For the development of Investment : 5 – 10 years
➢ This project is owbed by the
Required the airport, the total Period
joint venture of PT Angkasa Pura
I and PT PP; investment required is IDR
6.7 billion Exit Strategy : • Strategic sales or
➢ The project still need additional (USD 500 million) Exercise put options
Investment • Public offering
equity and the consortium will
Denomination : Rupiah (IDR)
raise fund using discretionary
fund (RDPT) with underlaying of
Use of Fund : Construction of Kulon Financial PT Danareksa
Callable Preferred Stock;
Progo Airport, Yogyakarta Advisor : Sekuritas
Capital PT BNI Securities
➢ Potential investor can participate
by investing through subscription
Structure • 30% equity
of the RDPT instrument.
Of Project : • 70% debt Investment
Management : PT Danareksa
Investment
Preferred RDPT equity with Management
Instrument : underlying of Callable
Preferred Stock

Minimum : IDR 50 billion (USD 3.7 Contact:

Investment million) per Investor A. Rifky Zarkoni
VP Investment Banking
PT BNI Sekuritas
Target
Mobile : +62-81511102999
Performance Email : arzarkoni@bnisekuritas.co.id
Contact : Under calculation

• Sources: PT Angkasa Pura I (PT AP 1) , PINA Center for Private Investment

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 8. Kulon Progo Airport, Yogyakarta
Proposed Indicative Structure and Investment Objective

• Sources: PT Angkasa Pura I (PT AP 1) , PINA Center for Private Investment

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