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Corporate PresentationFebruary 2019
SMGR Subsidiaries
Inbound MaterialsClinker & Cement
ProductionTransportation Distribution
Downstream
BusinessOthers
UTSG
• Mining Contractors
(limestone & clay)
IKSG
• Packaging from kraft &
woven , especially for
cement packaging
KSI
• GBFS
• GGBFS
SG,ST,SP, SBI*
• Clinker and Cement
production in Indonesia
SILOG
• Sea & Land Transportation
• Loading & Unloading
• Port Management
• Cement distribution,
• Other building
material distribution
SII
• Cement & clinker
trading
SIB, SBB**
• Ready Mix
• Precast
SMI
• Property
• Building management
• Preparation of cement
raw material mining.
SIIB
• Investment
management (SBI)
KIG
• Industrial estate
SISI
• IT servicesTLCC
• Clinker & cemen production
in Vietnam
Notes:
* Subsidiary under SIIB,
** Subsidiary under SBI
Experienced Board of ManagementPRESIDENT DIRECTOR
HENDI PRIO SANTOSO
Born in Jakarta, February 5, 1967
Double Major: Bachelor of Business Administration in University of Houston and Economics in University of Texas, USA
Career History:• Director of Investment Banking at JP Morgan Securities
Indonesia (2004-2007)• Director of Finance at PT PGN (Persero) Tbk (2007-
2008)
• President Director of PT PGN (Persero) Tbk (2008-2017)
DIRECTOR OF MARKETING AND SUPPLY CHAIN
ADI MUNANDIR
Born in Sukabumi, July 10, 1981
Bachelor in Electrical Power Engineering from Universitas Indonesia
Master in Strategic Management from Universitas Indonesia
Career History:
• President Commissioner at PT Solusi EnergyNusantara• Commissioner at PT Nusantara Regas• Executive Officer - Strategic Management Office PT PGN (2013-2015)• Head of Strategic Management Division at PT PGN (Persero) Tbk
(2015-2016)• Head of Marketing at PT PGN (Persero) Tbk (2016- 2017)
DIRECTOR OF HR AND LEGAL
AGUNG YUNANTO, Born in Bandung, May 7, 1962. Graduated from S1 in ITB and Master of Management at IMI & Monash University
Career History:• President Commissioner of PT Jasa Marga Surabaya in 2013-
2017• General Manager of Human Capital PT Wijaya Karya Beton
period 2014-2017.
DIRECTOR OF PRODUCTION
BENNY WENDRY
Born in Padang, May 1, 1969
Bachelor in Chemical Engineering from Institut Teknologi Bandung
Master in Management from Universitas Gadjah Mada
CareerHistory:
• Commercial Director at PT Semen Padang (2011- 2014)• Finance Director at PT Semen Padang (2014)• President Director at PT Semen Padang (2014-2017)
DIRECTOR OF FINANCE
DODDY SULASMONO DINIAWAN
Born on February 27, 1967
Bachelor in Management Economics from Universitas KatolikParahyangan
Master of Financial Management from Universitas Padjadjaran
CareerHistory:
• Executive Vice President – Division Head of Corporate Business Risk of PT BNI (Persero) Tbk. (2015-2016).
• Executive Vice President – CEO Jakarta Kota Region Office PT BNI (Persero) Tbk.(2016)
• Director of Finance And Human ResourcesPTRekayasa Industri (2016-2017)
• Director of Business Strategy and Business
Development of PT Semen Indonesia (Persero) Tbk. (2017-2018)
DIRECTOR OF ENGINEERING AND PROJECT
TRI ABDISATRIJO
Born in Situbondo, September 05, 1967
Bachelor in Chemical Engineering from Institut Teknologi SepuluhNopember
Career History:
• GM of Project Specialist OOTC at PT Semen Indonesia (Persero) Tbk (2013-2014)
• GM of Energy, Materials and Environment at PTSemenIndonesia (Persero) Tbk (2014)
• Commercial Director at PT Semen Tonasa (2014-2017)
DIRECTOR OF STRATEGIC BUSINESS AND ENTERPRISE DEVELOPMENT
FADJAR JUDISIAWAN
Born in Surabaya, May 09. 1971
Bachelor in Industrial Engineering from Institut Teknologi SepuluhNopember
Master in Management from Universitas Gadjah Mada
Career History:
• Assistant Deputy for Construction Services of the Ministry of SOEs (2014-2015)
• Assistant Deputy of Construction Business, Transportation Facilities and Infrastructure of the Ministry of SOE (2015-2017)
• Deputy of Construction Business, TransportationFacilities and Infrastructure of the Ministryof SOE (2017)
• Finance Director at PT Semen Indonesia (Persero)Tbk (2017-2018)
1
Installed Capacity
2018
35.5 Semen Indonesia
25.5 Indocement
15.5 Solusi Bangun Indonesia (ex-Holcim)
8.7 Conch Cement Indonesia
7.7 Semen Merah Putih (Cemindo Gemilang)
7.4 Semen Bosowa
3.9 Semen Baturaja
1.8 Semen Garuda (Jui Shin Indonesia)
1.8 Semen Jawa (Siam Cement Group)
1.8 Semen Bima (PT STAR)
0.4 Semen Kupang
3.1 Others (non ASI members)
Indonesia Cement Players
Design Capacity
111.1 MT (2018)
113.1 MT (2019)
Production Volume
75.1 MT (2018)
Domestic Growth
4.80%
Domestic Utilization
70%* Domestic: 69.5 MT Export: 5.6 MT
*Based on Indonesia Cement Association recorded national capacity and production volume 2018
Total 2019:
113.1 Mio Ton
Indonesia Cement Market
BAG
73%
BULK
27%
86114
146
184 178
290317
388410 415
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Infrastructure Budget
18.9 21.5 24.6 25.3 26.2 27.5 28.9 30.5
26.530.3 32.6 33.7 34.5 33.4 37.4 39.0
21.94.6%
17.6%
14.4%
5.5%3.5% 3.5%
28.2-0.6%
7.6%
4.8%
2010 2011 2012 2014 2015 2017 20182013
OutsideJava Java
2016
Growth
CAGR: 6.6%
source: Indonesia CementAssociationsource: Indonesia CementAssociation
source: Indonesia CementAssociation
source: Indonesia CementAssociation
Bag cement still represent the largest portion of Indonesia cement consumption
YTD February 2019
Domestic Sales in Java
vs Outside of Java
74.00%
26.00%
BAG
BULK
CAGR Bulk: 13.1%
CAGR Bag: 5%
Market by Geography up to February 2019
54.0%
26.0%
5.7%3.5% 2.7% 2.8% 2.2% 1.8% 1.0% 0.3% 0.3%
SMGR(SMIG +
SBI)
INTP Conch Bosowa MerahPutih
Baturaja Jui Shin SiamCement
STAR SemenKupang
SemenKupang
Market Share
39,4%
25,5%
15,4%
4,8%3,5% 3,1% 3,1%
1,9% 1,9%1,% 0,3%
SMGR INTP SBI Conch Bosowa MerahPutih
BaturajaJui Shin SiamCement
STAR SemenKupang
Market Share
SMIG as the Market Leader in Indonesia
Pre-ConsolidationFY 2018
source: Indonesia Cement Association
SMIG
Post-ConsolidationUp to February 2019
Sales Volume February 2019
Semen Indonesia Group Sales Volume Industry
2019 2018 Chg YoY(%) 2019 2018 Chg YoY (%) 2019 2018 Chg YoY (%)
Semen Indonesia
Domestic 2,146,463 2,289,931 -6.27% 1,856,142 1,835,118 1.15% 4,002,605 4,125,049 -2.97%
Export 210,918 202,415 4.20% 300,772 106,629 182.07% 511,689 309,044 65.57%
2,357,381 2,492,346 -5.42% 2,156,914 1,941,747 11.08% 4,514,295 4,434,093 1.81%
TLCC
Domestic 80,198 148,573 -46.02% 40,541 63,009 -35.66% 120,738 211,582 -42.94%
Export 58,200 144,780 -59.80% 92,917 34,433 169.85% 151,117 179,213 -15.68%
138,398 293,353 -52.82% 133,457 97,442 36.96% 271,855 390,795 -30.44%
Total Group (SMGR) 2,495,779 2,785,699 -10.41% 2,290,371 2,039,189 12.32% 4,786,150 4,824,888 -0.80%
SBI (ex-Holcim)
Domestic 904,748 832,542 8.67% 765,432 721,844 6.04% 1,670,180 1,554,386 7.45%
Export 36,620 36,620 0.00% 39,506 67,121 -41.14% 76,126 103,741 -26.62%
941,368 869,162 8.31% 804,938 788,965 2.02% 1,746,306 1,658,127 5.32%
SMGR + SBI 2,495,779 2,785,699 -10.41% 3,095,309 2,039,189 51.79% 5,591,088 4,824,888 15.88%
*Indented numbers in orange tables are SBI numbers before the acquisition by SMIG thus not included in SMIG consolidated numbers
Total SMGR + SBI Year to Date exclude SBI January 2019 sales volume
JANUARY FEBRUARY Year to Date 2019 2018 + (%) 2019 2018 + (%) 2019 2018 + (%)
JAKARTA 355,886 430,032 -17.24% 319,541 382,990 -16.57% 675,427 813,021 -16.92%
BANTEN 288,183 276,346 4.28% 255,599 237,460 7.64% 543,783 513,805 5.83%
WEST JAVA 896,320 841,904 6.46% 759,392 678,911 11.85% 1,655,713 1,520,816 8.87%
CENTRAL JAVA 709,789 788,407 -9.97% 555,904 593,102 -6.27% 1,265,693 1,381,509 -8.38%
YOGYAKARTA 121,598 86,433 40.69% 125,448 79,014 58.77% 247,046 165,447 49.32%
EAST JAVA 792,946 772,279 2.68% 652,349 682,334 -4.39% 1,445,295 1,454,612 -0.64%
TOTAL JAVA 3,164,723 3,195,400 -0.96% 2,668,233 2,653,810 0.54% 5,832,956 5,849,210 -0.28%
SUMATRA 1,177,220 1,217,444 -3.30% 1,022,494 1,059,445 -3.49% 2,199,714 2,276,890 -3.39%
KALIMANTAN 363,670 350,453 3.77% 355,594 343,952 3.38% 719,265 694,405 3.58%
SULAWESI 462,961 483,719 -4.29% 407,943 380,932 7.09% 870,903 864,651 0.72%
NUSA TENGGARA 289,966 287,580 0.83% 303,407 251,811 20.49% 593,373 539,391 10.01%
INDONESIA TIMUR 164,980 161,152 2.38% 126,074 131,311 -3.99% 291,054 292,463 -0.48%
TOTAL INDONESIA 5,623,520 5,695,748 -1.27% 4,883,746 4,821,262 1.30% 10,507,266 10,517,010 -0.09%
EXPORT SEMEN 72,908 70,328 3.67% 132,182 68,228 93.74% 205,090 138,556 48.02%
EXPORT KLINKER 174,629 168,706 3.51% 475,956 105,522 351.05% 650,585 274,229 137.24%
TOTAL EXPORT 247,538 239,035 3.56% 608,138 173,750 250.01% 855,675 412,785 107.29%
GRAND TOTAL 5,871,058 5,934,783 -1.07% 5,491,883 4,995,012 9.95% 11,362,941 10,929,795 3.96%
JANUARY - FEBRUARYAREA
JANUARY FEBRUARY
Source: Internal SMIG
TUBAN PLANT
Cap SI: 14,7 Mt/Yr
Cap LHI : 3,6 Mt/Yr
Port : 40.000 DWT
INDARUNG PLANT
Cap : 9,4 Mt/Yr
GP Dumai
GP Gresik
PP Lhoksumawe
PP Malahayati
PP Batam
Tl Bayur Port
PP Lampung
PP Pontianak
PP Samarinda
PP Banjarmasin
PP Balikpapan
PP Bitung
PP Palu
PP Mamuju
Biringkassi Port
PP Makassar
PP Kendari
PP Sorong
PP Ambon
PP Banyuwangi
PP Celukan Bawang
PANGKEP PLANT
Cap : 7,4 Mt/Yr
PP Belawan
PP Tj Priok
PP Ciwandan SP
PP Ciwandan SI
PP Maluku Utara
GP Ciwandan
PP Bengkulu
REMBANG
PLANT
Cap : 3 Mt/Yr
LHOKNGA PLANT
Cap : 1,8 Mt/Yr
NAROGONG PLANT
Cap : 6 Mt/Yr
CILACAP PLANT
Cap : 3,4 Mt/Yr
PP Lhoksumawe
PP Belawan
PP Pontianak
PP Dumai
PP Batam
GP Kuala Indah
PP Lampung
GP Cigading
The Integration of Solusi Bangunan Indonesia (SBI)
Strategic Business Priority 2019
Financial Summary 2018
� 9 Months 2018 Revenue increase 4.4% YoY inline with the 5% increase in sales volume.
� COGS grew 4.2% or lower than revenue growth related to SMGR initiatives:• Centralizing coal procurement on holding level to gain better pricing, standardized quality and 3 months fixed
price.
• Rerouting distribution network to ensure margin optimization and list cost to serve.
• Reducing clinker factors
• Operating Waste Heat Power Generator in Tuban Plant
� Operating expenses reduced 21.4% related to our initiatives to reduce cost redundancy among cement
subsidiaries as well as work based on the priority activities
Financial PositionCash Balance (IDRbn) Total Interest Bearing Debt (IDRbn)
Debt/EBITDA (x) Net Debt/Equity
4,213
5,032
3,989
2,847
3,665 4,082
2013 2014 2015 2016 2017 9M 2018
4,083 3,913 3,999
6,260
10,019 10,288
2013 2014 2015 2016 2017 9M 2018
-0.6% -0.5% 0.0%
11.2%
20.9%19.5%
2013 2014 2015 2016 2017 9M 2018
0.5 0.50.5
0.9
1.9
1.7
2013 2014 2015 2016 2017 9M 2018
Thank YouIMPORTANT 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 HAVE BEEN PREPARED AS A SUPPORT FOR ORAL DISCUSSIONS ONLY..
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.
PT Semen Indonesia (Persero) Tbk.
Kantor Pusat
South Quarter Tower A Lt. 19Jl. RA Kartini Kav.8, Cilandak Barat, Jakarta Selatan
Jakarta 12430
Telp: (021) 5261174/5Fax : (021) 5261176
@semen
indonesia
Semen
Indonesia
Semen
Indonesia
@semenku
www.semenindonesia.com