CR8 SPACE

in '000 Rups (Ribu rupiah) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
(Oct-Dec)

REVENUE
SALES 301,000 3,560,500 5,495,880 6,181,068 8,084,135 8,829,506 10,789,242 11,734,609 12,615,579 13,777,956 15,052,649
Tenant Lt 1 & 4 90,000 594,000 605,880 666,468 733,115 806,426 887,069 983,907 1,082,298 1,180,689 1,298,758

Lantai 2 30,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000

Lantai 3 30,000 279,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000

Wall Gallery 6,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000

Sponsorship 20,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000

LED 50,000 1,200,000 1,920,000 2,330,400 3,931,200 4,479,840 5,114,448 5,849,842 6,632,421 7,696,407 8,853,031

Pertunjukan 75,000 947,500 2,142,000 2,356,200 2,591,820 2,715,240 3,959,725 4,072,860 4,072,860 4,072,860 4,072,860

HPP 85,850 1,086,425 1,761,558 2,001,374 2,667,447 2,928,327 3,614,235 3,945,113 4,253,453 4,660,285 5,106,427
Tenant Lt 1 & 4 31,500 207,900 212,058 233,264 256,590 282,249 310,474 344,368 378,804 413,241 454,565

Lantai 2 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800

Lantai 3 3,000 27,900 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800

Wall Gallery 600 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200

Sponsorship 7,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000

LED 17,500 420,000 672,000 815,640 1,375,920 1,567,944 1,790,057 2,047,445 2,321,347 2,693,742 3,098,561

Pertunjukan 26,250 331,625 749,700 824,670 907,137 950,334 1,385,904 1,425,501 1,425,501 1,425,501 1,425,501
GROSS MARGIN 215,150 2,474,075 3,734,322 4,179,694 5,416,688 5,901,179 7,175,007 7,789,496 8,362,126 9,117,671 9,946,222
GM % 71% 69% 68% 68% 67% 67% 67% 66% 66% 66% 66%

Salary & Remuneration

Management & Staff 70,000 1,117,261 1,229,785 1,347,118 1,458,908 1,443,994 1,353,785 1,403,704 1,457,287 1,514,836 1,576,677

Total Compensation 70,000 1,117,261 1,229,785 1,347,118 1,458,908 1,443,994 1,353,785 1,403,704 1,457,287 1,514,836 1,576,677

REAL ESTATE (RENT)

MARKETING EXPENSE 0 240,000 259,350 277,830 291,722 306,308 321,623 337,704 354,589 372,319 390,935

OTHER OP. EXPENSES 0 351,722 357,722 364,322 371,582 379,568 388,352 398,015 408,645 524,615 420,337

Total Opex & Non Opex 0 591,722 617,072 642,152 663,303 685,875 709,975 735,719 763,234 896,934 811,272

EBITDA 145,150 765,092 1,887,466 2,190,425 3,294,476 3,771,310 5,111,247 5,650,073 6,141,605 6,705,901 7,558,273
% of Revenue 48.2% 21.5% 34.3% 35.4% 40.8% 42.7% 47.4% 48.1% 48.7% 48.7% 50.2%

Depreciation 0 0 0 0 0 0 0 0 0 0 0

EBIT 145,150 765,092 1,887,466 2,190,425 3,294,476 3,771,310 5,111,247 5,650,073 6,141,605 6,705,901 7,558,273
% of Revenue 48.2% 21.5% 34.3% 35.4% 40.8% 42.7% 47.4% 48.1% 48.7% 48.7% 50.2%

TAX 31,933 168,320 415,242 481,894 724,785 829,688 1,124,474 1,243,016 1,351,153 1,475,298 1,662,820
% of Revenue 10.6% 4.7% 7.6% 7.8% 9.0% 9.4% 10.4% 10.6% 10.7% 10.7% 11.0%

EAT (Earning After Tax) 113,217 596,772 1,472,223 1,708,532 2,569,692 2,941,622 3,986,773 4,407,057 4,790,452 5,230,603 5,895,453
% of Revenue 37.6% 16.8% 26.8% 27.6% 31.8% 33.3% 37.0% 37.6% 38.0% 38.0% 39.2%

REVENUES (Sharing & Rental)

In (000) Rupiahs 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
CR8 SPACE
Tenant Lt 1 & 4 90,000 594,000 605,880 666,468 733,115 806,426 887,069 983,907 1,082,298 1,180,689 1,298,758
Lantai 2 30,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000
Lantai 3 30,000 279,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000 288,000
Wall Gallery 6,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000 72,000
Sponsorship 20,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000
LED 50,000 1,200,000 1,920,000 2,330,400 3,931,200 4,479,840 5,114,448 5,849,842 6,632,421 7,696,407 8,853,031
Pertunjukan 75,000 947,500 2,142,000 2,356,200 2,591,820 2,715,240 3,959,725 4,072,860 4,072,860 4,072,860 4,072,860

Total Revenue 301,000 3,560,500 5,495,880 6,181,068 8,084,135 8,829,506 10,789,242 11,734,609 12,615,579 13,777,956 15,052,649

HPP
In (000) Rupiahs 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Tenant Lt 1 & 4 31,500 207,900 212,058 233,264 256,590 282,249 310,474 344,368 378,804 413,241 454,565
Lantai 2 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800
Lantai 3 3,000 27,900 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800 28,800
Wall Gallery 600 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200
Sponsorship 7,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000
LED 17,500 420,000 672,000 815,640 1,375,920 1,567,944 1,790,057 2,047,445 2,321,347 2,693,742 3,098,561
Pertunjukan 26,250 331,625 749,700 824,670 907,137 950,334 1,385,904 1,425,501 1,425,501 1,425,501 1,425,501

Total HPP 85,850 1,086,425 1,761,558 2,001,374 2,667,447 2,928,327 3,614,235 3,945,113 4,253,453 4,660,285 5,106,427

OPEX
In (000) Rupiahs 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Advertising & Promotion - 240,000 259,350 277,830 291,722 306,308 321,623 337,704 354,589 372,319 390,935
Salaries 50,000 396,000 427,928 458,420 481,340 505,407 530,678 557,212 585,072 614,326 645,042
Wages 20,000 132,000 153,670 175,692 193,261 212,587 233,846 257,231 282,954 311,249 342,374
Meals & Transport - 291,722 291,722 291,722 291,722 291,722 291,722 291,722 291,722 291,722 291,722
Medical - 396,000 435,600 479,160 527,076 487,892 396,000 396,000 396,000 396,000 396,000
Jamsostek - 193,261 212,587 233,846 257,231 238,107 193,261 193,261 193,261 193,261 193,261
Entertainment - 60,000 66,000 72,600 79,860 87,846 96,631 106,294 116,923 128,615 128,615
Insurance - - - - - - - - - - -
Legal & Professional Fees - - - - - - - - - - -
License and Permit - - - - - - - - - - -
Office Expense - - - - - - - - - - -
Depreciation - - - - - - - - - - -
PPh 21 - - - - - - - - - - -

OPEX 70,000 1,708,983 1,846,856 1,989,269 2,122,211 2,129,869 2,063,760 2,139,423 2,220,521 2,307,492 2,387,949

CAPEX 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Building Improvements 900,000 850,000 - - - - - - - - -
Office Equipment 550,000 - - - - - - - - - -
Pre Ops 200,000 250,000 - - - - - - - - -
Open Stage Music Equipment 250,000 - - - - - - - -
TOTAL CAPEX 1,900,000 1,100,000 - - - - - - - - -
Useful Life (in month) 12 1 1 1 1 1 12 12 12 12 12
Depr/Month 158,333 1,100,000 - - - - - - - - -

0000001