Company update PT WIKA Gedung Tbk ($WEGE)

PT Wijaya Karya Bangunan Gedung Tbk
March 2018
Company Introduction
1

www.wikagedung.co.idEmail: investorrelations@wikagedung.co.id
2018 Guidance
Introduction1
2017 Perfomance2
TABLE OF CONTENT
3

Progress of CBD Puncak project has reached 69% , will be
finished December 2019
Introduction
3

4
BOARD
•WIKA Gedung has been led by
strong and visionary
management team with long
track record and experience to
execute and further transform the
company
•The management team
consistently develop strong
Project Management Team
through Advance Leadership
Project (ALP) creating 10-15 new
team every year
Board of Commissioners Board of Directors
DESTIAWAN
SOEWARDJONO
President
Director
ADJI
FIRMANTORO
Commissioner
(Independent)
NUR AL FATA
Human Capital &
Investment
Development Director
NARIMAN
PRASETYO
President
Director
ABIPRAYADI
RIYANTO
Finance Director
DINI
YULIANTI
Commissioner
(Independent)
MUDJIADI
Commissioner
WIDHI
PUDJIYONO
Operations
Director I
DJAKA
NUGRAHA
Operations
Director II

5Company
Profile
Vision To Be Preferred Partner in Creating Spaces
for Better Human Life
PT Wijaya Karya Bangunan Gedung Tbk (“WIKA Gedung” or the “Company”) is a subsidiary of PT Wijaya Karya (Persero) Tbk
(“WIKA”) focusing on building construction, investment and concession, positioned as top 3 largest building contractor Indonesia. 
WIKA Gedung is one of the largest high rise contractors with presence across Indonesia.
Brief
Profile
Line of
Business
Established on 24 October 2008, starting its business in
building construction to private companies as main
customers then developed its property business in 2013
WIKA Gedung offers end to end building/space
construction services from feasibility study, planning,
engineering design, construction, project management
financing and operation & maintenance
Established on 24 October 2008, starting its business in
building construction to private companies as main
customers then developed its property business in 2013
Investment & Concession
“Total Solution Contractor”
Mision
Values
- Quality in products ands Services
- Care for Life
- Key Stakeholder Engagement
- Good Corporate Governance & Good Ethic
Practice
- Innovation to boost growth & value creation
ACE ( Agility, Caring, & Excellent)

6Shareholder Structure
60%
69%
90.04%
0.7%%
51% 1%
Department of Building Construction
(DBG) was spun-off from WIKA and
merged into WIKA Gedung
Division
96.05% 99.00%
49%
DSU 1
DSU 2
DSU 3
DIP
DPE
DLN
DBG
Public
30%
89.61% 80.00%

7DIFFERENTIATION AMONG
WIKA GROUP
Business Line and
Core Competence
Investment Type
Land Bank Ownership
Contract Base
Portofolio from Internal
WIKA Group
- Infrastructure
- EPC
- Industrials
- General Construction
Investment on
Infrastructure Projects
No Land Bank
Ownership
-
-
• High-rise & Building
Construction
• Investment &
Concession
• Precast producer for high-rise
building, joint with WIKA
Beton
Investment on high-rise building
projects and industry to support
construction
No Land Bank
Ownership
Specialized in all building
construction in WIKA Group
Normal / arm’s-length pricing, no
turn key contract
• Property/Realty Owner
• Property/Realty
Developer
Investment in
Land Bank
Land Bank
Ownership
Specialized in all property
development in WIKA Group
turn key contract
Precast producer for
infrastructure
No Project Investment
No Land Bank
Ownership
Specialized in all infrastructure
precast supply in WIKA Group
turn key contract
Internal Policy
- Less than 10% of total
contract in 2016-2017
- -

8
Jabodetabek
DIVERSIFIED GEOGRAPHICAL
EXPOSURE
Construction Division I
- Jakarta
- Bogor
- Depok
- Tanggerang
- Bekasi 39 %
Construction Division II
- Jawa Timur
- NTT
- NTB
- Sulawesi
- Maluku
- Irian Jaya
19 %
Construction Division III
- Jawa Barat
- Jawa Tengah
- DI Yogyakarta
- Sumatera
- Kalimantan 36 %
Investment & Concession
- Across Indonesia
6 %
Per 2017

Progress of Podomoro Golf View Residence project has reached 60%
10

Progress of B Residence BSD project has reached 46% from target 26% .
11

Progress of CBD project has reached 69%, it will finshed by
December 2019

Progress of LRT’s Depot project has reached 69%, it will
finshed by December 2019

Progress of Velodrome project has reached 60.0% out of 55.0% from schedule, expected to be
complete by December 2018

Progress of Equestrian project has reached 98.5%
2

16
SCOPE OF WORK : STRUCTURE AND ARCHITECTURAL WORKS
MRT Station

18
Progress of Benoa Bali Airport
BASIC DESIGN GEDUNG TERMINAL

Tamansari Isawara the progress is
16.68%

20
2014
58%
42%
New Customer Repeat Customer
2016
48%
52%
PERCENTAGE OF NEW & REPEAT
CUSTOMERS
Order Book
2.809 Tn
2015
71%
29%
Order Book
4.350 Tn
Order Book
4.903 Tn
2017
47%
53%
Order Book
12.943 Tn

21
STRENGTHENING
SUPPLY CHAIN
BUILDING
CONSTRUCTION
INVESTMENT &
CONCESSION
Modular Geotechnics
- PPP Scheme
- SOE’s Hospital Development
- Airport Terminal
- SOE Synergy - Offtaker Market
Public Facilities
ForwardBackward
FOCUSED BUSINESS
EXPANSION
Precast

22WEGE
Shareholder
Foreign
18,3%
Domestic
81,7%
Total Free-ﬂoat
2.872.000.000
Public
30,7%
WIKA
69,3%
Total Shares
9.572.000.000

23
250
263
275
288
300
Close
High 296
Share Price Activities
Since IPO
As per 9th
March 2017
278
Des 2017 Jan 2018 Feb 2018 Mar 2018Nov 2017
Result Release
Improved back to IPO Price

Progress of B Residence BSD project has reached 45%
2
2017 Result

25
2013 2014 2015 2016 2017
( In Trillion Rupiah )
Order Book
12.943
2013 2014 2015 2016 2017
5.616
3.284
3.131
1.637
1.288
7.3274.3421.7722.7131.521
New Contract
Carry Over
Order Book
7.926
Order Book
4.903Order Book
4.350
1.929
1.432
Revenue
Order Book
2.809
1.219
1.172
2017 New Contract
New Contract
Growth 68.7%
3.899

26
2013 2014 2015 2016 2017
Order Book
12.943
2013 2014 2015 2016 2017
5.616
3.284
3.131
1.637
1.288
7.3274.3421.7722.7131.521
New Contract
Carry Over
Order Book
7.926
Order Book
4.903Order Book
4.350
1.929
1.432
Revenue
Order Book
2.809
1.219
1.172
2017 Burn Rate 30.13%
New Contract
Growth 68.7%
3.899
Burn Rate
29.20%28.08%
24.34%
30.13%

27
2017 Customer
Proﬁle
2015SOE
1%
Private
99%
2016GOV
3%
SOE
5%
Private
92%
2017 GOV
17%
SOE
29%
Private
54%
New Contract
1.772
New Contract
4.342
New Contract
7.327
(In Trillion Rupiah)
2017
PRIVATE 54%
Gov & SOE 46%

28
NEW CONTRACT BREAKDOWN BY PROJECT TYPE NEW CONTRACT BREAKDOWN BY CONTRACT SIZE
New Contracts
Profile 2017
> Rp 500 bn
9%
Rp 200 - 500 bn
30%
< Rp 200 bn
61%
New Contracts
7.327
23%
24%
21%
33%
Public Facility
Oﬃce
Residential
Commercial
New Contracts
7.327

29
2014 2015 2016 2017
4,61
2,02
1,35
1,02
Asset
CAGR
65.7%
Bigger Asset & Equity
2014 2015 2016 2017
1,72
0,64
0,280,2
Equity
CAGR
106.4%

30
0
1.000
2.000
3.000
4.000
296,0
143,0108,065,0
463,7
236,7162,0120,0
3.899
1.929
1.432
1.219
Revenue (LH) Gross Profit (RH) Net Profit (RH)
Net Profit Grow by 106.5%
2014 2015 2016 2017
CAGR Revenue 47.5%, Gross Profit 56.8%, Net Profit 65.1%
( In Trillion Rupiah ) ( In Billion Rupiah )
800
600
400
0
464
237
163
120
200
65
108
143
296

31
Cashflow 2016 2017
Cashflow from Operating (228) 636
Cashflow from Investing (221) (59)
Free Cashflow (449) 577
Cashflow from Financing 485 982
Net Cash & Cash Equivalent 36 1.559
Beginning Cash 103 139
Ending Cash 139 1.698
( In Billion Rupiah )
2017 Free Cash Flow
Positive

33
2018 Target
2017 2018F Growth
Order Book 12.943 16.587 28,2%
Carry Over 5.616 8.759 56,0%
New Contracts 7.327 7.828 6,8%
Revenue 3.899 5.561 42,6%
Net Proﬁt (In Billion Rupiah) 296 426 43,9%

34
TARGET TO PRIVATE &
GOVERNMENT PROJECTS
2018f
GOV
33%
Private
38%
SOE
29%
New Contract
7.828
2017 GOV
17%
Private
54%
SOE
29%
New Contract
7.327

35New Contracts Target
Per Segment
New Contract
7.828
Commercial
New Contract
7.327
21%
33%
24%
22%
Oﬃce
Residential
Public Facility
12%
37%
35%
16%
Oﬃce
Residential
Public Facility
Commercial
2017 2018F

36
Fixed asset
10%
Consession Development
55%
Industry Development & Specialitst
35%
Total Capex Rp. 667 bn
(In Billion Rupiah)

37FOCUSED BUSINESS
EXPANSION
• Expand modular / pre-
fabricated building
capabilities by forming a
JV company
• To target medium-high
end building segment
with higher quality
Modular

38
-Strengthen geotechnics
capabilities to increase
internal competency within
WIKA Group
-Acquire a geotechnics
company
Geotechnics
FOCUSED BUSINESS
EXPANSION

39
-Together with WIKA Beton
to expand high-rise
building precast business,
through its subsidiary
WPG
-To target ultimate project
of 1M housing
development program by
Government
High-Rise Building
Precast

THANK YOU
PT Wijaya Karya Bangunan Gedung Tbk
Jl. D.I Panjaitan Kav. 9, 8-10 floor Jakarta 13340
Indonesia
Telephone: +62 21 85908862
Fax: +62 21 85908862
www.wikagedung.co.id
Email : investorrelations@wikagedung.co.id
The MAJ Apartment is one of the iconic high rest
building of our projects.

Company update PT WIKA Gedung Tbk ($WEGE)

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