The document discusses Indonesia's cement industry and Semen Indonesia's position within it. It provides statistics on total domestic cement capacity and production from 2013-2017, showing capacity growing from 68 million tons to over 100 million tons. It also gives Semen Indonesia's market share and sales breakdown by region. Financially, it shows Semen Indonesia growing net revenue 19.7% from 2011 to 2012 while maintaining strong EBITDA margins above 30% and net income margins above 20%. Overall the document presents an overview of Indonesia's cement industry outlook and Semen Indonesia's leading role and financial performance within the expanding domestic market.
A VALUATION IS AN OPINION ON THE VALUE OR WORTH OF A PROP ERTY GIVEN BY A PERSON QUALIFIED OR EXPERIENCED TO DO SO.
THE PURPOSE OF A VALUATION IS TO FO RECAST THE FUTURE BENEFITS OF A PROP ERTY AND CALCULATE THIS INTO A CURRENT PRICE.
THE ACCURACY OF THAT VALUATION WILL DEPEND ON THE ABILITY AND SKILL OF THE VALUER IN UNDERSTANDING THE FACTORS THAT DETERMINE VALUES, AND THE WEIGHT THAT THOSE FACTORS HOLD.
A VALUATION IS AN OPINION ON THE VALUE OR WORTH OF A PROP ERTY GIVEN BY A PERSON QUALIFIED OR EXPERIENCED TO DO SO.
THE PURPOSE OF A VALUATION IS TO FO RECAST THE FUTURE BENEFITS OF A PROP ERTY AND CALCULATE THIS INTO A CURRENT PRICE.
THE ACCURACY OF THAT VALUATION WILL DEPEND ON THE ABILITY AND SKILL OF THE VALUER IN UNDERSTANDING THE FACTORS THAT DETERMINE VALUES, AND THE WEIGHT THAT THOSE FACTORS HOLD.
Best living room furniture plays an important role in making a lasting intuition on the visitors, so it should be chosen watchfully. Most of the customers like to modify the overall outlook of their living room can lay their hands on modern living room furniture. This type of furniture is available in unique and distinctive looking designs ans shapes. Buy now:- http://www.livingroom-furniture.org.uk/best-living-room-furniture.html
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Understanding the role of a professional consultant in the branding of companiesfuturebrands39
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The term brand management is much more than the marketing of a business. The brand management is a broader term and is very crucial for the successful and proficient business operation of any company. There are several activities involved in brand management.
The presentation contain in-dept study on pakistan cement sector for equity research purpose. Intellectual Property of Ali Jumani. Please refrain from distributing it in any shape or form, either online or in print.
Best living room furniture plays an important role in making a lasting intuition on the visitors, so it should be chosen watchfully. Most of the customers like to modify the overall outlook of their living room can lay their hands on modern living room furniture. This type of furniture is available in unique and distinctive looking designs ans shapes. Buy now:- http://www.livingroom-furniture.org.uk/best-living-room-furniture.html
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Any MNC and Renowned Local Group Of Industries .
Understanding the role of a professional consultant in the branding of companiesfuturebrands39
ย
The term brand management is much more than the marketing of a business. The brand management is a broader term and is very crucial for the successful and proficient business operation of any company. There are several activities involved in brand management.
The presentation contain in-dept study on pakistan cement sector for equity research purpose. Intellectual Property of Ali Jumani. Please refrain from distributing it in any shape or form, either online or in print.
Textile and Ready Wear Industry in Turkey by 2014 FMC Group
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Brief information on Turkish Textile and Ready Wear Industry including industry profile, Turkey's position, supply, foreign trade, major companies and market outlook
Diversion of Pakistan's Cement Export from Middle East to AfricaM. Asadullah
ย
This presentation was delivered at a Cement Trade and Strategy Summit held in Nov 2012 at Jumeriah Emirates Tower, Dubai. Although participants were from across Middle East but I was the only Asian Speaker there.
Further details of summit can be viewed at:
http://www.gmiforum.com/gcc-cfss2012
Research of the Cement sector on the basis of to down research method. It includes
- Study of global economies
- Study of domestic economy
- Rainfall analysis
- Sectoral Research on Cement Sector in India
- Ground Level Research
- Company analysis of Dalmia Bharat Ltd.
- Projection of Financial Statements
- Peer Comparison
Contact me for detailed information
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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LEARNING OBJECTIVES
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CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Putting the SPARK into Virtual Training.pptxCynthia Clay
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Memorandum Of Association Constitution of Company.pptseri bangash
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Business Valuation Principles for EntrepreneursBen Wann
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
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A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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According to TechSci Research report, โIndia Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030โ, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
2. Together We Build a Better Future 1
INDONESIAโS CEMENT INDUSTRY: NOW and THE FUTURE
SMGR Corporate Presentation
FEBRUARY 2014
3. Together We Build a Better Future
2
1. SEMEN INDONESIA 29.5 mn ton - Semen Padang : 7.3 mn ton - Semen Gresik : 14.4 mn ton - Semen Tonasa: 7.8 mn ton 2. Semen Andalas 2) 1.6 mn ton 3. Semen Baturaja 1.3 mn ton 4. Indocement TP 20.5 mn ton 5. Holcim Indonesia 12.1 mn ton 6. Semen Bosowa 6.0 mn ton 7. Semen Kupang 0.5 mn ton TOTAL 71.5 mn ton
โข Design Capacity : 68.0 mio tons 71.5 mio tons 82.2 mio tons
โข Production Capacity : 55.2 mio tons 60.0 mio tons 69.8 mio tons
โข Domestic Growth : 5.5% 6.0% 6.0%
โข Domestic Utilization : 99% 99% 95%
โขSupply
๏ Domestic : 58.0 mio tons 61.0 mio tons 65.8 mio tons
๏ Export : 0.5 mio tons 0.5 mio tons 0.5 mio tons
๏ Import : 3.3 mio tons2) 3.0 mio tons 3) 3.0 mio tons3)
1)Based on the Companyโs forecast
2)Imported cement by PT Semen Andalas (1.0 mio ton) and clinker by Bosawa and Kupang
3)Imported cement & clinker
Singapore
Kuala Lumpur
SMGR
2
1
3
4
5
1
1
6
7
DOMESTIC CAPACITY (2014)
CEMENT INDUSTRY 2013 2014F 1) 2015F 1)
CEMENT INDUSTRY AT A GLANCE
2
4. Together We Build a Better Future
โ000 tons
ton(โ000)
2013
2014F
2015F
2016F
2017F
Installed Capacity
68,000
71,500
82,200
97,800
100,800
Real Production
55,200
62,205
69,870
78,240
85,680
Consumption
58,580
62,095
65,820
69,770
73,956
Surplus/(deficit)
-3,380
110
4,050
8,470
11,724
Domestic Utilization
100%
100%
94%
89%
86%
Export
500
500
500
500
500
Domestic Consumption Growth
5.5%
6%
6%
6%
6% 3
DOMESTIC DEMAND VS NATIONAL CAPACITY (2013 โ 2017)
0
20.000
40.000
60.000
80.000
100.000
120.000
2013
2014F
2015F
2016F
2017F
Design Capacity
Real Production
Consumption Cement
5. Together We Build a Better Future
4
Source: Deutsche, Indonesia Cement Association
229
kg
02004006008001,0001,2001,4001,6001,8002,000 ChinaSingaporeVietnamThailandIndonesiaPhilippinesIndia kg/capita
COMPARISON: CEMENT CONSUMPTION PER CAPITA 2013
7. Together We Build a Better Future
21.06.518.11.016.91.920.02.322.73.023.73.523.73.825.25.025.56.026.95.128.26.032.25.932.86.234.26.639.28.844.110.845.712.23.60.9051015202530354045199719992001200320052007200920112013Bagged CementBulk Cement
Bag and Bulk cement consumption (million tons)
6
Source: Indonesia Cement Association and the Companyโs data
SO FAR INFRASTRUCTURE EXPANSION RELATIVELY SLOW
8. Together We Build a Better Future
Retail (residential) sector is the largest consumer of cement in Indonesia
7
Bag79% Bulk21%
Key Drivers of Domestic cement demand:
โข
National Economic Growth
โข
Favorable Interest Rate Environment
โข
Infrastructure Expansion
โข
Per Capita Consumption increase from current low levels
โข
Ready-mix (infrastructure):ยฑ 60%
โข
Fabricator (pre-cast, fiber cement, cement based industry):ยฑ 35%
โข
Projects (mortar, render):ยฑ 5%
โข
Housing:ยฑ 90%
โข
Cement based industry:ยฑ 10%
ยฑ
ยฑ
Source: Internal Research
DOMESTIC MARKET CONSUMPTION (2013)
9. Together We Build a Better Future 8
MARKET UPDATE
SMGR Corporate Presentation
FEBRUARY 2014
10. Together We Build a Better Future
Papua Bali & N T Sulawesi Kalimantan
Population Distribution (2012)
Sumatera
21.3%
Java 57.5.%
8.4%
5.8%
5.5%
1.5%
9
REGION
MARKET SHARE (%)
SMGR
INTP
SMCB
BSWA
ANDLS
BTRJA
KPG
1. JAVA
41.7
37.8
18.5
2.0
-
-
-
2. SUMATERA
44.4
13.9
13.0
3.0
16.0
10.0
-
3. KALIMANTAN
43.6
34.7
12.2
9.0
-
-
-
4. SULAWESI
59.0
17.1
1.3
23.0
-
-
-
5. NUSA TENGGR.
41.3
31.8
3.8
17.1
-
-
6.0
6. EASTERN IND.
59.2
16.3
0.6
23.8
-
-
TOTAL
INDONESIA
44.0
29.9
14.3
5.6
3.4
2.1
0.3
๏ซ
๏ซ
๏ซ
SG
SP
ST
1
2
3
4
5
6
22.0%
8.1%
7.5%
5.5
1.9%
Java
54.9%
Sumatera
Cement Distribution (1M2014)
Domestic Market Share (1M2014)
MARKET BY GEOGRAPHY
11. Together We Build a Better Future
*) Source: Indonesia Cement Association, un-audited figures
10
AREA
1M 2014
1M 2013
CHANGE (%)
Jakarta
410,452
423,150
(3.0)
Banten
233,769
300,383
(22.2)
West Java
706,800
655,042
7.9
Central Java
498,328
545,375
(8.6)
Yogyakarta
82,713
83,223
(0.6)
East Java
616,914
593,256
4.0
Total Java
2,548,976
2,600,429
(2.0)
Sumatera
1,021,724
1,031,750
(1.0)
Kalimantan
374,557
349,559
7.2
Sulawesi
348,548
286,775
21.5
Nusa Tenggara
256,794
270,774
(5.2)
Maluku & Papua
88,450
109,321
(19.1)
TOTAL INDONESIA
4,639,049
4,648,607
(0.2)
Export Cement
3,755
6,189
(39.3)
Export Clinker
-
-
-
Total Export
3,755
6,189
(39.3)
GRAND TOTAL
4,642,804
4,654,796
(0.3)
1M 2014 โ Domestic Consumption (mio tons)
DESCRIPTION
1M-14
1M-13
CHANGE (%)
DOMESTIC
2,045,347
2,040,930
0.2
Semen Indonesia
1,092,575
1,068,681
2.2
Semen Padang
568,079
609,252
(6.8)
Semen Tonasa
384,693
362,997
6.0
EXPORT
3,755
6,189
(39.3)
GRAND TOTAL
2,049,102
2,047,119
0.1
Industry Sales Type (mio tons)
1M-14
1M-13
YoY Change
Bag
3.69 (79.3%)
3.70 (79.7%)
(0.4%)
Bulk
0.96 (20.7%)
0.94 (20.3%)
2.5%
1M 2014 - SMGR Sales Volume (million tons)
MARKET UPDATE - Cement Consumption 1M2014
SMGR Sales Type (mio tons)
1M-14
1M-13
YoY Change
Bag
1.54 (75.5%)
1.59 (78.2%)
(3.2%)
Bulk
0.50 (24.5%)
0.44 (21.8%)
12.6%
12. Together We Build a Better Future 11
COMPANY PROFILE
SMGR Corporate Presentation
FEBRUARY 2014
13. Together We Build a Better Future 12
๏ฎ
1957 : Inauguration of Gresik I, installed capacity of 250,000 ton cement per annum
๏ฎ
1991 : Initial Public Offering, Market Cap.: IDR0.63tn, resulting shareholding structure post IPO:
โ Government of Republic of Indonesia: 73%
โ Public: 27%
๏ฎ
1995 : Acquisition of PT Semen Padang (Persero) and PT Semen Tonasa (Persero)
๏ฎ
1998 : Cemex became a strategic partner, Market Cap.: IDR4.9tn
๏ฎ
2006 : Blue Valley Holdings bought Cemexโs 24.9% stake in SMGR, Market Cap.: IDR21.5tn
๏ฎ
2010 : In March 31, Blue Valley Holdings sold all of its stake ownership in SMGR, Market Cap per April 30, 2010: IDR72.1tn
๏ฎ
2011 : Total installed capacity of 20.00mm tons, Market Cap per June 29, 2012: IDR67.0tn
๏ฎ
2012 : Acquisition of Thang Long Cement Vietnam, Total installed capacity of 2.3mm tons, Market Cap Dec 19th, 2012: IDR91.9tn
BRIEF HISTORY
0.05.010.015.020.025.030.0 1957- 1970- 1980- 198419851986- 1990- 199519971998- 2006200720082009201020112012
SMGR CAPACITY BUILD-OUT (MM TONS)
Pre-consolidated capacity
Post-consolidated capacity
Installed capacity: 25.3 mio tons (2012)
including TLCC
_
_
_
_
_
_
SMGR IS THE #1 CEMENT COMPANY IN INDONESIA
14. Together We Build a Better Future
13
Public
The Government of the Republic of Indonesia
PT Semen Indonesia (Persero) Tbk.
PT Semen Padang
PT Semen Tonasa
OWNERSHIP STRUCTURE1
ยน As of Dec 18, 2012
51.01%
48.99%
99.99%
99.99%
Name Activities % Ownership
1.
Igasar Cement distribution & Trading 12.00%
2.
Sepatim B General trading, cement packaging 85.00%
3.
Bima SA General trading, cement packaging 80.00%
4.
SUPS Cement Packaging 10.00%
Name Activities % Ownership
1.
UTSG Limestone & Clay Mining 55.00%
2.
IKSG Cement Packaging 60.00%
3.
KIG Industrial Estate 65.00%
4.
Swadaya Gra Steel fabrication, contractor 25.00%
5.
Varia Usaha Transport and general trading 24.90%
6.
Eternit Gresik Building materials 17.60%
7.
SGG Prima Coal Trading Coal 99.99%
8.
SGG Prima Beton Ready Mix Concrete 99.99%
Thang Long Cement, VN
70.00%
Name Activities % Ownership
1.
UTSG Limestone & Clay Mining 55.00%
2.
IKSG Packaging Paper 60.00%
3.
KIG Industrial Estate 65.00%
4.
Swadaya Graha Contractor & Machine Fabricator 25.00%
5.
Varia Usaha Transport and general trading 24.90%
6.
Eternit Gresik Building materials 17.60%
7.
SGG Energy Prima Coal Mining and Trading 97.00%
8.
SGG Prima Beton Ready Mix Concrete 99.99%
FOCUSES IN CORE BUSINESS
15. Competitiveness of Semen Indonesia
Integrated Cement Plant
4 location
Kiln
13 Unit
Cement Mill
22 Unit
Grinding Plant
2 location
Cement Mill
4 Unit
Warehouse
30 location
Packing Plant
21 location
Sea Port
11 location
Kiln
1 unit
Cement Mill
1 unit
Kiln
4 unit
Cement Mill
6 unit
Kiln
4 unit
Cement Mill
9 unit
Grinding Plant
1 unit Cement Mill
Kiln
4 unit
Cement Mill
6 unit
Grinding Plant
3 unit Cement Mill
16. Together We Build a Better Future 15
FINANCIAL UPDATE
SMGR Corporate Presentation
FEBRUARY 2014
17. Together We Build a Better Future
16
EBITDA (Rp billion)
NET INCOME (Rp billion)
EBITDA Margin (%)
FY07
FY08
FY09
FY10
FY11
FY12
29.7
31.7
33.2
34.6
33.0
35.0
NET INCOME Margin (%)
FY07
FY08
FY09
FY10
FY11
FY12
18.5
20.7
23.1
25.3
24.0
24.7
Description
(Rp bn)
FY 2011
FY 2012
Change (%)
Net Revenue
16,379
19,598
19.7
Cost of Revenue
8,892
10,300
15.8
Gross Profit
7,487
9,297
24.2
Operating Expenses
2,595
3,116
20.1
Operating Income
4,892
6,181
26.4
EBITDA2)
5,402
6,869
27.2
Net Income
3,925
4,847
23.5
EPS (Rp)
662
817
23.5
FINANCIAL SUMMARY: FY2012 RESULTS 48473,9253,6333,3262,5241,77501,0002,0003,0004,0005,0002007200820092010201120125,4024,9704,7733,8672,8496,86901,0002,0003,0004,0005,0006,0007,000200720082009201020112012
18. Together We Build a Better Future
FINANCIAL SUMMARY: 9M-2013 RESULTS
EBITDA (Rp billion)
NET INCOME (Rp billion)
EBITDA Margin (%)
9M-09
9M-10
9M-11
9M-12
9M-13
32.5%
34.5%
32.8%
34.6%
33.6%
NET INCOME Margin (%)
Description
(Rpbn)
9M-2012
9M-2013
Change (%)
Revenue
13,677
17,391
27.2%
Cost of revenue
7,260
9,551
31.5%
Gross profit
6,407
7,840
22.4%
Operating expenses
2,188
2,794
27.7%
Operating income
4,275
5,104
19.4%
Ebitda
4,728
5,838
23.5%
Net Income
3,389
3,906
15.3%
EPS (full amount)
571
659
15,3%
3,9062,4082,5222,7613,38905001,0001,5002,0002,5003,0003,5004,0004,5005,0009M099M109M119M20129M2013
9M-09
9M-10
9M-11
9M-12
9M-13
23.1%
24.5%
23.8%
24.8%
22.5% 5,8384,7283,8053,5463,37901,0002,0003,0004,0005,0006,0007,0009M099M109M119M129M13
Ratio (%)
Formula
9M 2012
9M 2013
Ebitda margin
Ebitda / Revenue
34.6
33.6
Interest coverage (x)
Ebitda / Interest expense
262.5
25.15
Cost ratio
[COGS + Opex] / Revenue
69.1
71.0
Total debt to equity *)
Total debt / Total equity
16.7
20.3
Total debt to asset *)
Total debt / Total asset
12.1
14.5
*) Total debt calculated from interest bearing debt
19. Together We Build a Better Future
Cash balance (IDR bn)
Total debt (IDR bn)
2,6503,9053,3173,6823,8465,283200820092010201120129M20134,0123,8502511996861,871200820092010201120129M2013
* Include short term investment
Debt/EBITDA
Return on Assets
0.06x2.00x0.35x0.04x0.14x0.56x20082009201020112012
The projected adjusted debt/EBITDA of 2.0x to maintain rating level from Moodyโs Investors Service.
18.2% 24.0% 25.8% 23.5%20.1% 20082009201020112012
18
STRONG BALANCE SHEET AND RETURNS
20. Together We Build a Better Future 19
50%50%55%50%45%50% 200720082009201020112012
Average: 50%
SMGR DIVIDEND PAY OUT RATIO IN THE LAST 6 YEARS
REGULAR DIVIDENDS
๏ฎ
Key determinants of dividend policy:
โข
Historical dividend payout trends
โข
Comparison with peers
โข
Projected cash-flows available for dividends (after taking into account potential expansionary capex etc)
โข
Analyst and investor expectations
REGULAR DIVIDEND PAYMENTS WITH ATTRACTIVE YIELD
887,7
1261,7
1829,5
1816,7
1962,7
2181,3
0,0
500,0
1000,0
1500,0
2000,0
2500,0
2007
2008
2009
2010
2011
2012
Total Dividen Pay Out
total dividen (IDR billion)
21. Together We Build a Better Future 20
STRATEGIC PROJECTS
SMGR Corporate Presentation
FEBRUARY 2014
22. Together We Build a Better Future 21
SMGR
THE OVERALL
STRATEGY
COMBINES
6 CRITICAL
ELEMENTS
1. Undertake Capacity Growth 2. Manage Energy Security 3. Enhance Company Image 4. Move Closer To The Customer 5. Enable Corporate Growth 6. Manage Key Risks
SMGR LONG TERM STRATEGIC FOCUS
23. Together We Build a Better Future 22
Tubanโs view
Pyroprocessing Tonasa V
Jetty Extension Area
Tuban
Tonasa
Tonasa
ESP Power Plant
These strategic projects will ensure sustainability of the Companyโs market leadership
Preheater Tuban IV
Raw Mill Dept. Tonasa V
New Plants Location
Capacity (mn tons)
Investment (US$ mn)
Construction
Start
Completed
Indarung VI-SumBar
3.0
352
2013
Q4-2015
Rembang-Java 2
3.0
403
2013
Q2-2016
TOTAL CAPEX
6.0
755
CEMENT PLANTS PROJECTS
24. Together We Build a Better Future
23
17.118191920.225.33031.833.339.340.820072008200920102011201220132014F2015F2016F2017FInstalled Capacity
INSTALLED CAPACITY (Mio Ton)
25. Together We Build a Better Future
CONCLUSION: WHY SMGR?
SMGR Corporate Presentation
FEBRUARY 2014
24
26. Together We Build a Better Future
25
Outstanding performance
Experienced management team
Conservative capital structure and financial policies
Robust cash flow generation
Outstanding business performance
Favorable industry outlook
๏ฎ
Outstanding business performance
โ
Leading cement player in Indonesia with over 44% market share based on sales volume for 1M2014 and approximately 42% share of total installed cement capacity (Source: Indonesia Cement Association (โASIโ))
โ
Strategically plants location is close to key markets throughout the country
โ
As of Dec 2012, acquired Thang Long Cement Company, Vietnam by 70% share with installed capacity 2.3 mio tons per annum
โ
Substantial growth opportunities through expansion and optimization
โ
Superior distribution network and strong brands recognition
โ
Long-term access to raw materials for cement production and coal for fuel consumption
โ
Concerns on environmental and Corporate Social Responsibility programs to ensure sustainable growth.
๏ฎ
Favourable industry outlook
โ
Cement consumption pretty much in-line with Indonesian economic growth
โ
Real estate and infrastructure projects and declining interest rates key demand drivers
โ
High barriers to entry (plant, distribution and brand investment costs)
โ
Disciplined investment on supply side
๏ฎ
Robust cash flow generation
โ
Historically strong revenue, margin and price trends
โ
High plant utilization and strong focus on cost and revenue management
๏ฎ
Conservative capital structure and financial policies
โ
[Investment grade-like credit metrics]
โ
Conservative capital structure policy; low use of leverage
โ
Access to capital markets for expansion initiatives
๏ฎ
Experienced management team
โ
Experienced and successful management team
Strengths of SMGR
SMGRโs COMPARATIVE & COMPETITIVE ADVANTAGE DRIVES SMGR TO BE THE MARKET LEADER IN INDONESIA
27. Together We Build a Better Future 26
Main Office: Semen Gresik Tower Jln. Veteran Gresik 61122 โ Indonesia Phone: (62-31) 3981731 -2, 3981745 Fax: (62-31) 3983209, 3972264
Jakarta Office:
The East Building, 18th Floor,
Jln. DR. Ide Anak Agung Gde Agung Kav. E3.2 No.1, Mega Kuningan, Jakarta 12950 โ Indonesia
Phone : (62-21) 5261174 โ 5
Fax : (62-21) 5261176
www.semenindonesia.com
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:
โ economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia;
โ the effects of competition;
โ the effects of changes in laws, regulations, taxation or accounting standards or practices;
โ acquisitions, divestitures and various business opportunities that we may pursue;
โ changes or volatility in inflation, interest rates and foreign exchange rates;
โ accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets;
โ labor unrest or other similar situations; and
โ 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.