1 / 26

PT Semen Indonesia (Persero) Tbk.

December 2016. PT Semen Indonesia (Persero) Tbk. Cement companies in Indonesia. D omestic Capacity (2016 ). 1 . S emen Indonesia 3 0 m t 2 . Semen Andalas 1.6 m t 3. Semen Baturaja 2.0 m t 4 . Indocement TP 2 5.9 m t 5 . Holcim Indonesia 1 2.1 m t

mjose
Télécharger la présentation

PT Semen Indonesia (Persero) Tbk.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. December 2016 PT Semen Indonesia (Persero) Tbk.

  2. Cement companies in Indonesia Domestic Capacity (2016) 1. Semen Indonesia30 mt 2. Semen Andalas1.6 mt 3. Semen Baturaja2.0 mt 4. Indocement TP 25.9 mt 5. Holcim Indonesia 12.1 mt 6. Semen Bosowa6.0mt 7. Semen Kupang 0.5 mt 8. Semen Jui Shin2.0 mt 9. Semen Puger0.3 mt 10. Semen Merah Putih 4.0 mt 11. Semen Anhui Conch1.7 mt 12. Siam Cement1.8 mt 13. Semen Pan Asia1.8 mt TOTAL89.7 mioton New Players 2016 2016F • Design Capacity :89.7 mt • Production Capacity:75.5 mit • Domestic Growth : 5.5% • Domestic Utilization : 87% • Supply • Domestic : 65 mt • Export : 4.0 mt • Import : 1.5 mt

  3. Opportunity Regional Cement Market

  4. Semen Indonesia’ sales volume Source: Company data, Indonesia Cement Association

  5. Indonesia cement sales volume • Semen Indonesia: • Bag 75.5% • Bulk 24.5% • Industry: • Bag 76.1% • Bulk 23.9% Source: Company data, Indonesia Cement Association

  6. Domestic market consumption • Ready-mix (infrastructure):±60% • Fabricator (pre-cast, fiber cement, cement based industry):±35% • Projects (mortar, render):±5% ± • Housing:±90% • Cement based industry:±10% ± Source: Internal Research Retail (residential) sector is the largest consumer of cement in Indonesia

  7. Market by Geography Population distribution National cement distribution Semen Indonesia’ market destinations Domestic Market Share Source: Company data, Central Bureau of Statistics, Indonesia Cement Association

  8. Current overcapacity condition Source: Internal Research, Indonesia Cement Association

  9. Long-term demand growth 6% pa Source: Company data, Indonesian Cement Association & BPS Statistic

  10. Key factors supporting domestic cement demand Housing Infrastructure Development • Population Growth • Rising per Capita Income • Mass urbanization Infrastructure Spending Planned for 2015 – 2019 (USD Bn) Cement Consumption (kg/capita) Commercial and Industrial • High growth in retail, commercial and institutional sector in urban and semi-urban area • High growth industry segment (precast, light brick, cement fiber, pave, ready mixed concrete) Demographic Bonus RapidlyGrowing Productive Population Potential Market The fourth largest population in the world: 240 millions people (2014)

  11. Arising infrastructureactivities Source: Company data, IndonesiaCement Association

  12. Strategic Projects Rembang Project – Central Java Pre-heater area Indarung Project – West Sumatra • Projects completed in 2015: • Packing Plant Pontianak • Packing Plant Balikpapan • Packing Plant Lampung • Grinding Plant Dumai • New Coal Mill Tonasa Clinker Storage These strategic projects are to ensure the Company’ position as the market leader.

  13. Our facilities

  14. Financial Summary – First nine month of2016 EBITDA Net profit

  15. Balance Sheet Total debt (Rpbn) Cash balance (Rpbn) Net Debt/Equity Debt/EBITDA (x)

  16. Margin & Returns Return on Equity (%) Return on Assets (%) EBITDA/t (US$/t) Receivables Turnover (days)

  17. Cost structure Cash COGS Rp000/t Energy prices in US$/unit

  18. EBITDA margin vs utilisation rate Source: Company data

  19. EBITDA margin vs oil and coal prices Source: Company data

  20. Development New Industrial Estates is a catalyst for cement demand Semen Indonesia Packing Plant New Industrial Estate Area

  21. Infrastructure Projects(2015 – 2019) If 1% from total project value were spent for cement, we estimate cement requirement for these projects of around 10-12 mt per annum. Infrastructure budget cut Rp7tn for 2016, but not affecting main trans road in Papua and Java. Source: Bappenas

  22. Infrastructure Spending in State Budget Source: Ministry of Finance

  23. Instrastructure funding is priority • The infrastructure is the government’ priority • Gets funding priority despite tax revenue not achieving target • Key risks are more on the project risks such as land acquisition. • Increasing government’ debt to around US$137bn by end of 2015 • Government’s securities also increased to around Rp1.37tn by end of 2015

  24. Semen Indonesia highlights BRIEF HISTORY SMGR CAPACITY BUILD-OUT (MM TONS) 31,8 mn tons • 1957 : Inauguration of Gresik I, installed capacity of 250,000 ton cement per annum • 1991 : Initial Public Offering, Market Cap.: IDR0.63tn, resulting shareholding structure post IPO: ●Government of Republic of Indonesia: 73% ●Public: 27% • 1995 : Acquisition of PT Semen Padang (Persero) and PT Semen Tonasa (Persero) • 1998 : Cemex became a strategic partner, Market Cap.: IDR4.9tn • 2006 : Blue Valley Holdings bought Cemex’s 24.9% stake in SMGR, Market Cap.: IDR21.5tn • 2010 : In March 31, Blue Valley Holdings sold all of its stake ownership in SMGR, Market Cap per April 30, 2010: IDR72.1tn • 2011 : Total installed capacity of 20.00mm tons, Market Cap per June 29, 2012: IDR67.0tn • 2012 : Acquisition of Thang Long Cement Vietnam, Total installed capacity of 2.3mm tons, Market Cap Dec 19th, 2012: IDR91.9tn • 2013: Transformed to PT Semen Indonesia (Persero) Tbk as strategic holding co.

  25. Semen Indonesia as strategic holding company PT Krakatau Semen Indonesia Komposisi Pemegang Saham Per 31 Desember 2015 SG SP ST TLCC PT United Tractors Semen Gresik CEMENT COMPANY PT SGG Energi Prima 99,99% 65,0% 24,95% 17,6% 97,0% 99,9% 55,0% 70,0% 99,9% 99,9% 85% 60,0% 50,0% 25% PT IndustriKemasan Semen Gresik NON CEMENT COMPANY PT KawasanIndustri Gresik PT SGG Prima Beton PT Varia Usaha PT SwadayaGraha PT Eternit Gresik PT SISI

  26. Thank You IMPORTANT NOTICE THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION WHATSOEVER. THE SLIDES USED IN THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND HAVE BEEN PREPARED AS A SUPPORT FOR ORAL DISCUSSIONS ONLY. THE INFORMATION CONTAINED IN THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON, IN WHOLE OR IN PART. This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. Such statements involve known / unknown risks uncertainties and other factors, which could cause actual results to differ materially from historical results or those anticipated. Such factors include, among others: ● economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia; ● the effects of competition; ● the effects of changes in laws, regulations, taxation or accounting standards or practices; ● acquisitions, divestitures and various business opportunities that we may pursue; ● changes or volatility in inflation, interest rates and foreign exchange rates; ● accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets; ● labor unrest or other similar situations; and ● the outcome of pending or threatened litigation. We can give no assurance that our expectations will be attained. DISCLAIMER The information contained in this report has been taken from sources which we deem reliable. However, none of PT Semen Indonesia (Persero) Tbk and/or its affiliated companies and/or their respective employees and/or agents make any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied) of PT Semen Indonesia (Persero) Tbk, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Semen Indonesia (Persero) Tbk, its affiliated companies or their respective employees or agents accepts liability for any errors, omission or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expresses disclaimed. Representative Office: The East Building, 18 floor Jl. Lingkar Mega Kuningan Blok E 3.2 No. 1, JAKARTA – 12950 Telp.: 021 – 5261174, 5261175; Faks : 021 – 5261176 Main Office: Main Building of Semen Gresik Jln. Veteran Gresik 61122 – Indonesia Phone: (62-31) 3981731 -2, 3981745 Fax: (62-31) 3983209, 3972264 www.semenindonesia.com

More Related