Laporan tahunan PT Elnusa Tbk . 2011 . Annual Report
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Kondisi makro ekonomi dan industri migas maupun operasional internal yang sangat dinamis memberikan tantangan besar di tengah perjuangan untuk mempersembahkan hasil yang terbaik. Konsolidasian internal, perubahan struktural dan fundamental serta perbaikan operasional dan keuangan dilakukan untuk meningkatkan kinerja ke depan. Semangat baru untuk perbaikan dan keberanian untuk menggali dan mengembangkan sumber-sumber keunggulan dalam rangka menghadapi persaingan dan memacu produktifitas, diyakini dapat membangkitkan dan menumbuhkan kinerja serta meningkatkan nilai yang lebih baik bagi para pemegang saham dan pemangku kepentingan lainnya.
Dynamic condition of macroeconomy and oil & gas industry as well as internal operations have provided great challenges in the middle of the striving to dedicate the best results. Internal consolidation, structural and fundamental changes as well as operational and financial improvement have been conducted to increase future performance. New spirit for recovery and the courage for exploring and developing excellent resources in order to face the competitiveness and accelerate productivity, are believed to generate and raise the performance and improve better value for shareholders and other stakeholders.
Laporan tahunan PT Elnusa Tbk . 2011 . Annual Report
IKHTISAR UTAMA /Highlights
4/ 8/ 10/
PROFIL PERSEROAN /Corporate Profile
LAPORAN MANAJEMEN /Management Report
Performa Penting 2011 2011 Key Performance Strategi & Fokus Manajemen untuk Perbaikan Management Strategy & Focus for Improvement Area Operasional Jasa Hulu Migas Operational Area of Upstream Oil and Gas Services
Tinjauan Umum - Perekonomian Indonesia General Review - Economy of Indonesia Industri Hulu Migas 2011 2011 Upstream Oil & Gas Industry
Sekilas Perseroan Corporate at a Glance Riwayat Singkat & Jejak Langkah Corporate Brief History & Milestones
Komposisi Kepemilikan Saham Composition of Share Ownership Kronologi Pencatatan Saham Share Listing Chronology Kinerja Saham Stock Performance
Laporan Dewan Komisaris Board of Commissioners' Report
Area Operasional Jasa Hilir Migas Operational Area of Downstream Oil and Gas Services Area Operasional Jasa Penunjang Migas Operational Area of Oil and Gas Support Services
Prospek 2012 2012 Prospect Aksi Korporasi 2011 2011 Corporate Action Pembahasan Atas Kinerja Bisnis Analysis of Business Performance
Visi, Misi & Nilai Vision, Mission & Values Struktur Organisasi Organization Structure
Kebijakan Dividen Dividend Policy Penggunaan Dana Hasil IPO Utilization Of IPO Proceed Lembaga dan Profesi Penunjang Pasar Modal Supporting Institution and Professional of Capital Market
Laporan Direksi Board of Directors' Report
Peristiwa Penting 2011 2011 Event Highlights Penghargaan 2011 2011 Awards
Ikhtisar Keuangan 2011 2011 Financial Highlights Ikhtisar Kinerja Saham Stock Performance
Pembahasan Atas Kinerja Keuangan Analysis of Financial Performance
Struktur Korporasi Corporate Structure Bidang Usaha Korporasi Corporate Business Line
Akses Informasi & Data Perusahaan Access to Corporate Information and Data
Tanggung Jawab Laporan Tahunan 2011 Responsibility for 2011 Annual Report
DAFTAR ISI /TABLE OF CONTENTS
Laporan tahunan PT Elnusa Tbk . 2011 . Annual Report
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INFORMASI TAMBAHAN /Additional Information
LAPORAN KEBERLANJUTAN /Sustainability Report
Prinsip & Komitmen GcG GCG Principle & Commitment Tujuan Penerapan GcG Objectives of GCG Implementation Mekanisme GcG GCG Mechanism Struktur dan Hubungan Tata Kelola Structure and Relation of Corporate Governance Rapat Umum Pemegang Saham General Meeting of Shareholders Dewan Komisaris Board of Commissioners Direksi Board of Directors Komite Audit Audit Committee
Konsep SDM Perseroan HR Concept of The Company Profil dan Jumlah Sumber Daya Manusia Profile and Number of Human Resources
Jaringan Perseroan Office Network Profil Dewan Komisaris Profile of The Board of Commissioners Profil Direksi Profile of The Board of Director Profil Komite Audit Profile of Audit Committee
Laporan Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Report
Komite Pemantau Pengembangan Usaha dan Manajemen Risiko Business Development and Risk Management Monitoring Committee Komite Nominasi Remunerasi dan SDM Nomination Remuneration and HR Committee Remunerasi Dewan Komisaris dan Direksi Remuneration of Board of Commissioners and Directors Sekretaris Perusahaan Corporate Secretary Pengawasan dan Pengendalian Internal Internal Control and Supervision Pengelolaan Risiko Risk management
Pelatihan dan Pengembangan SDM HR Training and Development Pengelolaan Hubungan Industrial Management of Industrial Relations
Profil Komite Pemantau Pengembangan Usaha & Risk Management Profile of Business Development & Risk Management Monitoring Committee
Laporan Keselamatan, Kesehatan Kerja, dan Lindung Lingkungan Health, Safety & Environment Report
Manajemen Mutu Quality Management Teknologi dan Sistem Informasi Technology and Sistem of Information Etika Bisnis dan Etika Kerja Code of Conduct Pelaporan Pelanggaran Violation Reporting Perlindungan Terhadap Konsumen/Pelanggan Consumer /Customers Protection Perkara Hukum Perusahaan Corporate Litigation Implementasi GcG di Anak Perusahaan GCG Implementation in Subsidiaries Rencana Pengembangan GcG di Tahun 2012 GCG Development Plan for The Year 2012
Rencana pengembangan SDM yang Berkesinambungan Sustainable HR Development Plan
Profil Komite Nominasi, Remunerasi dan SDM Profile of Nomination, Remuneration and HR Committee Profil Sekretaris Perseroan Profile of Corporate Secretary
LAPORAN KEUANGAN KONSOLIDASIAN AUDIT 2011 /The Consolidated Financial Statements
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-5,9 509 45% 4,7
Net Profit 2010 > IDR 12.97 billion Revenue 2010 > IDR 142.49 billion
EARNINGS PER SHARE 2010 > IDR 133.89 billion Company Asset 2010 > IDR 174.66 billion
Net Profit 2011 > IDR 15.67 billion Revenue 2011 > IDR 174.66 billion
EARNINGS PER SHARE 2011 > IDR 159.22 billion Company Asset 2011 > IDR 200.66 billion
Pendapatan Usaha Konsolidasian PT Elnusa Tbk (selanjutnya dalam buku ini disebut "Perseroan") tahun 2011 tetap tumbuh 11% dari tahun lalu. Kontribusi Jasa Hulu Migas, sebagai bisnis inti Perseroan mencapai 45% dan mengalami penurunan dibandingkan tahun lalu. Penurunan kontribusi Jasa Hulu Migas dikarenakan banyaknya rintangan dan tantangan operasional yang dihadapi Perseroan. Ditambah lagi dengan adanya provisi kerugian yang dicatat sesuai standar akuntansi keuangan yang berlaku pada akhirnya menurunkan kinerja profitabilitas hingga negatif. Namun di luar semua hal tersebut, Perseroan masih tetap fokus dalam pengembangan jasa hulu migas dengan menambah kapasitas di unit bisnis, khususnya oilfield services, dalam rangka meningkatkan pangsa pasar di tanah air.
Consolidated Operating Revenues of PT Elnusa Tbk (hereinafter in this book refer as "the Company") for the year 2011 continued to grow by 11% compare to last year’s figure. The contribution of upstream oil and gas services, as the Company's core businesses, reached 45% and experienced a decrease compared to last year's performance. The contribution decrease of Upstream Oil and Gas Services was due to many operational obstacles and challenges faced by the Company. Coupled with provision of loss according to applicable financial accounting standards then ultimately degraded the performance to negative profitability. However, beyond all those matters, the Company still remains focused on the development of upstream oil and gas services by increasing the capacity of business units, particularly the oilfield services, in order to increase market share in the country.
Performa Penting 2011 /2011 Key Performance
Ikhtisar Utama
Kontribusi Pendapatan Usaha – Jasa Hulu Migas Contribution of Operating Revenues – Upstream Oil & Gas Services
Pengeluaran Modal – Jasa Hulu Migas (Rp Miliar) Capital Expenditure – Upstream Oil & Gas Services (IDR Billion)
Laba Bersih Per Saham Dasar (Rp) Basic Earnings Per Share (IDR)
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• Fokus pada klien besar dengan reputasi baik. Focus on prime and reputable clients. • Pengawasan ketat proposal proyek baru & penerapan
mitigasi risikonya. Strict monitoring of new project proposals and
implementation of risk mitigation • Perbaikan project management untuk menjaga realisasi
proyek. Project management improvements to meet the project
realization. • Transformasi fokus pada bisnis yang lebih berkelanjutan.
Transformation focus on more sustainable business. • Isolasi unit bisnis yang belum berkontribusi optimal Isolation of business unit that has not been optimally
contributed; • Perbaikan penerapan HSE secara ketat untuk target zero fatality. Strict improvement of HSE implementation for zero fatality target.
• Pemetaan kompetensi SDM untuk re-organisasi yang lebih efektif dan efisien.
HR mapping competencies for more effective and efficient reorganization.
• Peningkatan penerapan learning organization, terutama Petroleum School.
Improvement in learning organization implementation, particularly the Petroleum School.
• Membangun budaya integritas : “HSE is my culture, Equipment is my life & Cost Awareness is my attitude”.
Culture Building for integrity: " HSE is my culture, Equipment is my life & Cost Awareness is my attitude”.
• Optimalisasi Procurement dan Asset Management agar lebih berkualitas, cepat dan efisien.
Optimization of Procurement and Asset Management for better quality, fast and efficient services.
• Penekanan realisasi arus kas dan profitabilitas sebagai KPI Proyek. Emphasis on realization of cash flow and profitability as
the Project KPI. • Perbaikan cash management dengan akselerasi tagihan
kepada klien. Improvement in cash management by acceleration of
invoice to clients. • Refinancing pinjaman untuk mendapatkan bunga yang
lebih kompetitif. Loan refinancing for more competitive interest rates. • Selective investment untuk pengembangan usaha yang
lebih prudent. Selective investment for prudent business development.
• Meneruskan program divestasi bisnis non core untuk fokus usaha.
Continue the divestment program of non-core businesses for business focus.
• Penjajakan bisnis baru yang menawarkan nilai tambah bagi klien.
Exploring new business that offers added value for clients.
• Menjalin kemitraan/ strategic partner untuk optimalisasi aset operasi, terutama Rig.
Partnership / strategic partner for the optimization of the operating assets, especially Rig.
Highlights
Keuangan Finance
SDM & Umum HR & General Affairs
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JAwA
Area Operasional Jasa Hulu Migas /Operational Area of Upstream Oil and Gas Services
Ikhtisar Utama
Peta Operasi Divisi Geoscience Services (GSc) Operational Map of Geoscience Services Division (GSC)
Peta Operasi Divisi Drilling Services (EDS) Operational Map of Drilling Services Division (EDS)
Peta Operasi Divisi Oilfield Services (OFS) Operational Map of Oilfield Services Division (OFS)
Peta Operasi PT Elnusa cGGVeritas Seismic (EcS) Operational Map of PT Elnusa CGGVeritas Seismic (ECS)
GEOSCIENCE SERVICES DRILLING SERVICES Sumatra: - Linggau - Manduru Sekayu - Alamanda
Jawa: - Akasia Bagus - Karawang - Tuban
Sumatra: Jambi
Kalimantan: - Muara Badak - Bangkanai
Sumatra: - Perlak - Kuala Simpang - Linggau - Pekan Baru - Palembang - Pendopo - Air Serdang - Duri
OILFIELD SERVICES
Highlights
Sulawesi: Senoro
Papua: Kaimana
Kalimantan: - Tanjung - Sanga-sanga - Sangata - Bunyu - Balikpapan
Sulawesi: - Luwuk - Matindok
Ikhtisar Utama
Peta Operasi Bisnis Transportasi Operational Map of Transportation Business
Peta Operasi PT Sigma cipta Utama (ScU) Operational Map of PT Sigma Cipta Utama (SCU)
Peta Operasi Bisnis Depo Operational Map of Depo Business
Peta Operasi PT Patra Nusa Data (PND) Operational Map of PT Patra Nusa Data (PND)
Peta Operasi Bisnis Retail Operational Map of Retail Business
Peta Operasi PT Elnusa Fabrikasi Konstruksi (EFK) Operational Map of PT Elnusa Fabrikasi Konstruksi (EFK)
Peta Operasi Bisnis Trading Operational Map of Trading Business
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/Operational Area of Downstream Oil and Gas Services
/Operational Area of Oil and Gas Support Services
Highlights
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Januari JANUARY
1 Peluncuran Contractor Safety Management System (cSMS) kepada seluruh vendor operasi Perseroan untuk meningkatkan penerapan K3 Perseroan.
Launching of Contractor Safety Management System (CSMS) to all operational vendors to improve HSE implementation in the Company.
19 Peresmian selesainya pembangunan well Testing Barge (ELSA 6) dan peluncurannya untuk operasi 3 tahun di Total E&P Indonesie.
Launching of the construction completion of well Testing Barge (ELSA 6) and sent it off for 3 year operation in Total E&P Indonesie.
20 Penerbitan Fixed Rate Notes (FRN) senilai US$50 juta dalam rangka mendanai belanja modal dan modal kerja untuk memperkuat kapasitas operasional Perseroan.
Fixed Rate Notes (FRN) issuance worth USD50 million intended to fund the capital expenditures and working capital to strengthen operational capacity.
April April
7 Penandatanganan Perjanjian Joint Venture (JV) dengan cGGVeritas untuk membentuk perusahaan dalam bidang marine survey seismic, yaitu PT Elnusa cGGVeritas Seismic (“ECS”).
Signing of a Joint Venture (JV) Agreement with CGGVeritas to establish a marine survey seismic company, named PT Elnusa – CGGVeritas Seismic (“ECS").
17 Peresmian kapal seismik yang akan digunakan dalam operasi JV PT Elnusa cGGVeritas Seismic. Saat ini kapal “Elnusa Finder” tersebut telah resmi berbendera Indonesia.
Inauguration of the seismic vessel to be used in the operation of PT Elnusa CGGVeritas Seismic – JV. Currently the"Elnusa Finder" vessel has officially used Indonesian flag.
24 Konferensi Pers perdana dalam rangka keterbukaan informasi, terkait permasalahan penempatan dana deposito Perseroan di Bank Mega.
Initial Press Conference for information disclosure, related to the issue of the Company’s deposits placement in Bank Mega.
Mei May
19 RUPS Tahunan terkait laporan kinerja 2010, pembagian dividen senilai Rp19,17 miliar dan pergantian pengurus Perseroan.
Annual GMS related to performance reports 2010, dividend payment worth IDR19.17 billion and change of the Company's board.
Juni June
14 Salah satu loyal customer, Total E&P Indonesie memberikan penghargaan “The Mahakam Award 2011" atas kontribusi dan pencapaian HSE Perseroan.
One of the Company’s loyal customers, Total E&P Indonesie, awarded “The Mahakam Award 2011" for the Company’s contribution and HSE achievement.
19 Januari 24 April
17 April 19 Mei
20 RUPS Luar Biasa terkait pergantian pengurus Perseroan, diantaranya pergantian Direktur Utama.
Extraordinary GMS related to change of the Company’s board, included the change of President Director.
September September
42th Anniversary celebration of the Company.
20 Penanaman 1000 pohon di Prabumulih Sumatera Selatan, merupakan bagian dari kegiatan cSR – Go Green “Elnusa Derma 2011 Pohon”.
Planting of 1000 trees in Prabumulih South Sumatra, as a part of the CSR - Go Green campaign "Elnusa Derma 2011 Pohon".
27 Penandatanganan Komitmen Penerapan IFRS di Perseroan oleh Dewan Komisaris, Direksi dan manajemen.
Signing of the Company’s commitment for IFRS implementation by the Company's Board of Commissioners, Board of Directors and management.
November November
01 Penggabungan operasional 6 unit bisnis Drilling Support yang sebelumnya ada di Drilling Services ke Oilfield Services untuk meningkatkan kinerja jasa hulu migas Perseroan.
Operational merger of 6 Drilling Support business units which previously managed in the Drilling Services to Oilfield Services in order to improve the the Company’s performance in upstream oil and gas services.
Desember December
14 Peresmian Nursery Room sebagai salah satu bentuk kegiatan cSR bagi karyawan internal Perseroan.
Inauguration of Nursery Room as a form of CSR activities for the internal employees of the Company.
15 RUPS Luar Biasa terkait persetujuan penjaminan aset Perseroan dan pergantian pengurus Perseroan.
Extraordinary GMS related to the approval of the Company’s assets guarantee and change of the Company’s board.
19 Penandatanganan Perjanjian Fasilitas Sindikasi senilai US$113 juta dengan Mandated Lead Arranger PT Bank central Asia Tbk.
Signing of the Syndicated Facility Agreement worth USD113 million with PT Bank Central Asia Tbk as its Mandated Lead Arranger.
23 Public Expose tahunan dalam rangka keterbukaan informasi terkait estimasi kinerja tahun 2011 dan proyeksi kinerja tahun 2012.
Annual Public Expose for information disclosure related to the estimated performance of 2011 and projected performance of 2012.
14 Juni 15 Desember
27 September 19 Desember
Ikhtisar Utama
Kategori Penghargaan | Award Category Juara 2 Lomba Rig Housekeeping dalam rangka Peringatan Bulan K3 2nd winner of Housekeeping Rig of Commemoration of HSE month Klien | Clients VIcO Tanggal | Date 16 Februari February 2011
Kategori Penghargaan | Award Category Excellent HSE Performance 645.687 manhours without LTI Klien | Clients Pasir Petroleum Resources Ltd. Tanggal | Date 2 Maret March 2011
Kategori Penghargaan | Award Category Excellent Safety Performance over 1 million manhour without LTI 2009-2010 Klien | Clients Ranhill Jambi Inc. PTE. Ltd Tanggal | Date 13 Januari January 2011
Kategori Penghargaan | Award Category Achievement of #256 SP daily average production & # HSE Satisfactory Results Klien | Clients Total E&P Indonesie Tanggal | Date 8 Februari February 2011
Kategori Penghargaan | Award Category Pengelolaan K3LL dengan melibatkan 1500 pekerja dan mencapai 5.016.000 jam kerja tanpa LTI K3LL management involving 1500 workers and reached 5.016.000 million work hours without LTI Klien | Clients PT Pertamina EP Tanggal | Date 24 Maret March 2011
13 Highlights
Klien | Clients TAc Pertamina – Retco Prima Energy
Tanggal | Date 24 April 2011
Kategori Penghargaan | Award Category Good Safety Performance over 606.504 manhours
Klien | Clients JOB Pertamina – Medco E&P Simenggaris
Tanggal | Date 27 April 2011
Kategori Penghargaan | Award Category Specific High Recognition in works related to Time Schedule, Quality and HSE Matters
Klien | Clients Orchard Energy (West Belida) Limited
Tanggal | Date 13 September 2011
Kategori Penghargaan | Award Category Mahakam Award 2011 : Recognition to their contribution on the overall
achievement of Total E&P indonesie 2010 HSE objectives in the high risk construction activity with 514.608 manhours
Klien | Clients Total E&P Indonesie
Tanggal | Date 14 Juni June 2011
Kategori Penghargaan | Award Category Excellent Safety Performance in 3D Seismic Survey Sukananti Block
Klien | Clients PT cooper Energy Sukananti Ltd.
Tanggal | Date 25 Oktober October 2011
Kategori Penghargaan | Award Category Pencapaian 250.000 jam kerja aman tanpa kehilangan hari kerja selama 180 hari dalam kurun waktu 23 Maret 2011 s/d 20 September 2011 dalam pembangunan
IPAL RU IV cilacap 250,000 hours Safety Performance without Lost Time Incident for 180 days in
the period 23 March 2011 to 20 September 2011 in the construction of IPAL RU IV Cilacap
Klien | Clients Pertamina RU IV cilacap
Tanggal | Date 26 September 2011
14 Ikhtisar Utama
Uraian 2007* 2008* 2009* 2010* 2011 Growth Description
Laporan Laba Rugi Statements Of Income
Pendapatan Usaha 2.103.690 2.543.193 3.662.331 4.218.030 4.716.771 12% Operating Revenue
Laba Kotor 398.745 394.874 543.028 415.796 285.326 -31% Gross Profit
Laba Operasi 144.354 180.387 276.287 133.894 (22.098) -117% Income from Operation
Depresiasi 121.016 150.688 203.311 277.589 328.134 18% Depreciation
EBITDA 265.370 331.075 479.598 411.483 306.036 -26% EBITDA
Beban Keuangan 42.392 58.987 92.958 92.748 79.597 -14% Financing Cost
Laba Bersih 100.140 133.772 466.233 63.697 (42.775) -167% Net Income
Laba Bersih per Saham (Rp.) 17 19 65 8,8 (5,9) -167% Net Income per Share (Rp) Laporan Posisi Keuangan Statement Of Financial Position
Aset Lancar 994.492 1.619.482 2.548.026 2.079.391 2.476.571 19% Current Assets Aset Tetap dan Properti Investasi - bersih 836.185 1.294.400 1.395.163 1.372.655 1.457.415 6%
Fixed Assets and Investment Property - net
Total Aset 2.159.405 3.317.816 4.216.370 3.695.249 4.389.950 19% Total Assets
Liabilitas Jangka Pendek 918.095 1.163.382 1.663.771 1.283.809 1.987.777 55% Current Liabilities
Liabilitas Jangka Panjang 277.169 522.342 622.965 456.110 497.348 9% Non-Current Liabilities
Total Liabilitas 1.195.264 1.685.724 2.283.376 1.739.919 2.485.125 43% Total Liabilities
Liabilitas Berhutang 591.871 917.461 983.803 829.075 1.032.551 25% Interest Bearing Debt
Ekuitas 948.901 1.613.833 1.929.634 1.955.330 1.904.825 -3% Equity
Modal Kerja - bersih 76.397 456.100 887.615 795.582 488.794 -39% working Capital - net Laporan Arus Kas Statements Of Cash Flows
Arus Kas Bersih dari/(untuk) Operasi (142.145) 35.972 288.389 58.044 340.446 487%
Net Cash from/(used in) Operating Activities
Arus Kas Bersih dari/(untuk) Investasi (126.713) (549.049) 320.030 (100.502) (553.891) 451%
Net Cash used in Investments
Arus Kas Bersih dari/(untuk) Pendanaan 218.748 807.249 114.663 (346.292) 161.987 -147%
Net Cash from Financing Activities
Rasio Keuangan Financial Ratio
Margin Laba Kotor 19% 16% 15% 10% 6% -39% Gross Profit Margin
Margin Laba Operasi 7% 7% 8% 3% -0,5% -115% Operating Profit Margin
Margin Laba Bersih 5% 5% 13% 2% -1% -160% Net Profit Margin
Margin EBITDA 13% 13% 13% 10% 6% -33% EBITDA Margin
Rasio Lancar 108% 139% 153% 162% 125% -23% Current Ratio
Perputaran Total Aset 97% 77% 87% 114% 107% -6% Total Asset Turnover
Imbal Hasil Investasi 5% 4% 11% 2% -1% -157% Return on Investment
Imbal Hasil Ekuitas 11% 8% 24% 3.3% -2,2% -169% Return on Equity
Hutang/Ekuitas 0,62 0,57 0,51 0,42 0,54 28% Interest Bearing Debt to Equity
Hutang/Total Aset 0,27 0,28 0,23 0,22 0,24 5% Interest bearing Debt to Total Asset
Hutang/EBITDA 2,23 2,77 2,05 2,01 3,37 67% Interest Bearing Debt to EBITDA
EBITDA/Beban Bunga 6,26 5,61 5,16 4,44 3,84 -13% EBITDA to Interest Expense
Total Kewajiban/Ekuitas 1,26 1,04 1,18 0,89 1,30 47% Total Liabilities to Equity
Total Kewajiban/Aset 0,55 0,51 0,54 0,47 0,57 20% Total Liabilities to Assets *) Disajikan kembali
As restated (*
Dalam jutaan Rupiah, kecuali disebutkan lain. Angka-angka pada seluruh tabel dan grafik dalam
Laporan Tahunan ini menggunakan notasi bahasa Indonesia In million Rupiah, unless otherwise stated
Numerical notations in all tables and graphs in this Annual Report are in Indonesian
15 Highlights
Tertinggi Highest
Ikhtisar Saham per Kuartal (2009-2011) Stock Highlights per Quarter (2009-2011)
2009 2010 2011
Harga Pembukaan awal tahun (Rp) 120 350 325 Opening Price at beginning of year (IDR)
Harga Penutupan akhir tahun (Rp) 355 325 230 Closing Price at end of year (IDR)
Harga Tertinggi sepanjang tahun (Rp) 420 650 340 Highest Price of the year (IDR)
Harga Terendah sepanjang tahun (Rp) 114 285 180 Lowest Price of the year (IDR)
Volume Rata-rata Harian (lembar saham) 44.236.158 47.878.341 11.482.616 Daily Average Volume (shares)
Ikhtisar Saham per Tahun (2009-2011)
Grafik Harga Saham (Rp) dan Volume Perdagangan (Lembar Saham) ELSA Tahun 2011
Rp/ IDR Lembar/ Shares
Stock Highlights per Year (2009-2011)
Chart of ELSA's Share Price (IDR) and Trading Volume (Shares) in 2011
Harga Price
Kantor Pusat Head Office
Graha Elnusa Jl. TB Simatupang Kav 1B Jakarta Selatan 12560 Indonesia Telp : +62 21 78830850 Fax : +62 21 78830883 Email : corporate@elnusa.co.id Website : www.elnusa.co.id
16 Profil Perseroan
Corporate Profile
Tanggal Pendirian 25 Januari 1969 Date of Establishment 25 January 1969
Peresmian Perusahaan Inauguration of the Company
Pencatatan Bursa: Bursa Efek Indonesia 6 Februari 2008 (kode saham : ELSA) Listing Exchange: Indonesia Stock Exchange 6 February 2008 (stock code : ELSA)
Bidang Usaha Jasa Migas Line of Business Oil & Gas Services
Bisnis Utama Core Business
Bisnis Lainnya Other Businesses
Struktur Korporasi Corporate Structure
Modal Dasar per 31 Desember 2011 Authorized Capital as of 31 December 2011
Modal Ditempatkan dan Disetor Penuh per 31 Desember 2011 Issued and Fully paid-up Capital as of 31 December 2011
Pemegang Saham Pengendali per 31 Desember 2011* Controlling Shareholders as of 31 December 2011*
* Persentase kepemilikan Pemegang Saham Pengendali tersebut telah memperhitungkan saham treasury. Apabila mempehitungkan saham treasury sesuai Laporan Keuangan Audit 2011, kepemilikan masing-masing menjadi 41,67% dan 32,04%
* The ownership percentage of the Controlling Shareholders is included the treasury stocks. If the treasury stocks are counted, according to 2011 Audited Financial Statements, the ownership is recorded to 41.67% and 32.04%
Rp2.250.000.000.000
• Geoscience Services • Drilling Services • Oilfield Services
Jasa Hilir Migas & Jasa Penunjang Hulu Migas Downstream Oil & Gas Services and Upstream Oil & Gas Support Services
3 Divisi, 5 Anak Perusahaan, 1 Entitas Ventura Bersama & 1 Perusahaan Afiliasi 3 Divisions, 5 Subsidiaries, 1 Joint Venture Entity & 1 Affiliate
Rp729.850.000.000
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Profil Perseroan
Perseroan merupakan salah satu perusahaan nasional penyedia jasa hulu minyak dan gas yang melayani perusahaan migas nasional maupun internasional, dengan kompetensi inti meliputi jasa seismik, jasa pemboran dan jasa pemeliharaan lapangan migas.
Pada awalnya, Perseroan didirikan di Jakarta dengan nama PT Electronika Nusantara berdasarkan Akta Pendirian No. 18 tanggal 25 Januari 1969 jo Akta Perubahan Anggaran Dasar No.10 tanggal 13 Februari 1969 di hadapan Notaris Tan Thong Kie SH, yang kemudian diumumkan dalam Berita Negara Republik Indonesia No. 35, Tambahan No. 58 tanggal 2 Mei 1969.
Perseroan mengawali kiprahnya sebagai pendukung operasi perusahaan induk, yaitu PT Pertamina (Persero), terutama dalam memberikan pelayanan termasuk pemeliharaan dan perbaikan, di bidang peralatan komunikasi elektronik, peralatan navigasi dan sistem radar yang digunakan oleh kapal-kapal milik Pertamina maupun kapal-kapal minyak asing yang memiliki perjanjian kerjasama dengan BUMN Migas.
Seiring perkembangan tantangan dan peluang bisnis yang dimiliki, maka mulai tahun 1972 Perseroan mulai masuk ke dalam industri jasa migas, dengan membentuk divisi seismic data processing. Sejak saat itu, Perseroan terus melengkapi kompetensi jasa migas lainnya dalam rangka mengukuhkan dan memperkuat bisnis usahanya. Perseroan juga terus melakukan pengembangan bisnis yang beragam dan melakukan restrukturisasi organisasi dan portfolio untuk menunjang keberhasilan. Upaya terus dilakukan dengan memanfaatkan peluang dan mencari investors/partner sehingga memberikan nilai tambah bagi seluruh pemangku kepentingan. Perseroan akan terus bertumbuh seiring dengan pengembangan proyek-proyek migas di tahun-tahun mendatang.
The Company is one of the national providers of upstream oil and gas services that serves the national as well as international oil and gas companies, with its core businesses including seismic services drilling services, and oilfield services.
At the beginning, the Company was established under the name PT Electronika Nusantara based on notarial Deed of Incorporation No. 18 dated 25 January 1969 jo Deed of Amendment to Act of Article of Association No. 10 dated 13 February 1969 in front of Notary Tan Thong Kie SH, which was later announced in State Gazette No. 35, Annex No. 58 dated 2 May 1969.
The Company started its operation as the supporting activity of its parent company, PT Pertamina (Persero), particularly in providing services, including maintenance and repair, in electronic communication equipment, navigation tools, and radar system used by Pertamina’s vessels as well as foreign oil vessels having agreement with State-Owned Enterprises in Oil and Gas.
Along with the challenges and opportunities facing ahead, then starting in 1972 the Company began to enter into oil and gas service industry, by establishing a seismic data processing division. Since then, the Company continues to complete other competencies in oil and gas services in order to reinforce and strengthen its business. The Company also continues to develop diverse businesses and implement organizational and portfolio restructuring to support its achievement. Various efforts continue to be conducted by taking advantage of opportunities and looking for investors/partners to provide added values to all stakeholders. The Company will continue to grow along with the development of oil and gas projects in the coming years.
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Perseroan berdiri di Jakarta, dengan nama PT Electronika Nusantara.
The Company was established in Jakarta under name of PT Electronika Nusantara
• Membangun Integrated Oil Communication System (IOcS) untuk Pertamina, yang merupakan proyek cikal bakal bisnis telekomunikasi migas Perseroan.
• Mendirikan divisi Seismic Data Processing, yang merupakan kompetensi awal Perseroan di bidang pengelolaan data seismic migas.
• Developed Integrated Oil Communication System (IOCS) for Pertamina, which later initiated for the Company’s business in oil and gas telecommunication.
• Established Seismic Data Processing division, which was the beginning of the Company's competence in oil and gas seismic data processing.
1969 1971 – 1973
Membentuk Scientific Data Center, jasa stimulasi reservoir dan bidang peminyakan, khususnya optimalisasi proses kilang.
Set up Scientific Data Center, reservoir stimulation service and oil business, particularly for optimizing process of refinery.
• Mendirikan PT Elnusa Workover Hydraulic, yang merupakan cikal bakal bisnis oilfield services.
• Sebutan “Elnusa” dikukuhkan menjadi nama Perseroan: PT Elnusa.
• Founded PT Elnusa workover Hydraulic, which initiated the Company’s business in oilfield services.
• The term “Elnusa” then confirmed to be the name of the Company: PT Elnusa
Mendirikan PT Sigma cipta Utama yang bergerak dalam bidang pengelolaan dan penyimpanan data migas.
Established PT Sigma Cipta Utama engaging in oil and gas data management and storage services.
1974
1984
1980
Mendirikan PT Patra Telekomunikasi Indonesia yang bergerak dalam bidang layanan sistem komunikasi melalui satelit (VSAT). Pemegang saham lainnya dari perusahaan ini adalah PT Telekomunikasi Indonesia Tbk.
Set up PT Patra Telekomunikasi Indonesia running satellite-based communication system (VSAT). The other shareholder of this company is PT Telekomunikasi Indonesia Tbk.
1995
Melakukan beberapa tindakan korporasi berupa: akuisisi PT Sinar Riau Drillindo, pendirian PT Patra Nusa Data dan PT Elnusa Patra Ritel dan menjadi perusahaan terbuka (efektif) namun berstatus unlisted.
Took several corporate actions including acquisition of PT Sinar Riau Drillindo, establishment of PT Patra Nusa Data and PT Elnusa Patra Ritel as well as being unlisted public company.
Masuk sebagai pemilik lapangan migas dengan diperolehnya PSc Bangkanai, Kalimantan Tengah.
Acquired and became the owner of Bangkanai PSC, Central Kalimantan
Membentuk PT Elnusa Drilling Services untuk memperkuat kompetensi Perseroan dalam jasa pemboran terpadu.
Established PT Elnusa Drilling Services to strengthen the Company’s competence in integrated drilling services.
Mengakuisisi PT Purna Bina Nusa, perusahaan yang bergerak di bidang penguliran pipa untuk perminyakan. Nantinya berubah menjadi PT Elnusa Fabrikasi Konstruksi (EFK) berkedudukan di Batam.
Acquired PT Purna Bina Nusa, engaging in pipe threading business for oil and gas industry. Later it became PT Elnusa Fabrikasi Konstruksi (EFK), based in Batam.
1996 2003 2004
Memasuki bisnis distribusi bahan bakar dalam negeri, yang kemudian menjadi bisnis PT Elnusa Petrofin yang secara resmi berdiri 10 tahun kemudian.
Entered domestic fuel distribution business, which was later managed by PT Elnusa Petrofin officially operating in the next 10 years.
1987
2010 2011 2009
• Melakukan restrukturisasi organisasi korporasi dan aktivitas bisnis dalam rangka fokus sebagai penyedia jasa hulu migas terpadu, dengan menggabung 4 (empat) anak perusahaan inti yaitu PT Elnusa Geosains, PT Elnusa Drilling Services, PT Sinar Riau Drillindo dan PT Elnusa Workover Services.
• Penggabungan horizontal beberapa anak perusahaan yang bergerak di bidang pengelolaan data, yaitu PT Elnusa Telematika dan PT Elnusa Rentrakom ke dalam PT Sigma cipta Utama, untuk menunjang kompetensi jasa hulu migas.
Mendapat pernyataan efektif sebagai perusahaan publik dari Bapepam-LK dan tercatat di Bursa Efek Indonesia dengan kode saham ELSA. Melalui Penawaran Umum Perdana (IPO), Perseroan berusaha melakukan peningkatan bisnis inti, pengembangan usaha dan menjadikan Perseroan lebih profesional, transparan dan terpercaya.
Obtained effective statement as a public company from Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) and listed its share in Indonesia Stock Exchange under ELSA code. By Initial Public Offering (IPO), the Company managed to the enhancement of core business, business development, and led it to be a more professional, transparent and trusted company.
• Melepaskan saham di Elnusa Bangkanai Energy Ltd dan Elnusa Tristar Ramba Ltd.
• Terjadi perubahan salah satu pemegang saham pengendali Perseroan dari sebelumnya PT Tridaya Esta menjadi PT Benakat Petroleum Energy Tbk.
• Divested its share holding in Elnusa Bangkanai Energy Ltd. and Elnusa Tristar Ramba Ltd.
• There was a change in one of controlling shareholders of the Company, from PT Tridaya Esta to PT Benakat Petroleum Energy Tbk.
Membentuk PT Elnusa cGGVeritas Seismic (EcS) yang bergerak dibidang marine seismic dan merupakan perusahaan nasional yang pertama mengoperasikan kapal seismik berbendera Merah Putih, bernama “Elnusa Finder”. EcS merupakan Joint Venture dengan perusahaan seismik internasional ternama, cGGVeritas Services (Singapore) Pte Ltd.
Established PT Elnusa CGGVeritas Seismic (ECS) enganging in marine seismic business and became the first national company operating Red and White-flagged seismic vessel, named "Elnusa Finder". ECS is a Joint Venture with a prime international seismic player, CGGVeritas Services (Singapore) Pte Ltd.
Re-arranging business portfolio terus dilakukan dengan melepas seluruh saham di PT Infomedia Nusantara dan PT Jabar Energi.
Re-arranging business portfolio was continuously conducted by releasing its share ownership in PT Infomedia Nusantara and PT Jabar Energi.
• Restructured the corporate organization and business activity, in order to be focused as integrated upstream oil and gas service provider by merging four core subsidiaries, namely PT Elnusa Geosains, PT Elnusa Drilling Services, PT Sinar Riau Drillindo dan PT Elnusa workover Services.
• Horizontal merged of several subsidiaries running data management, namely PT Elnusa Telematika dan PT Elnusa Rentrakom into PT Sigma Cipta Utama, to support the Company’s competence in upstream oil and gas services.
22
Menjadi perusahaan kelas dunia kebanggaan nasional, di bidang jasa migas secara solusi total untuk memberikan nilai tambah optimal bagi stakeholders
To become a world-class and nation-pride company, in the area of oil and gas services with total solutions to create optimum added values for the stakeholders
Visi / Vision
23
• Melaksanakan seluruh kegiatan usaha berdasarkan kaidah good engineering practices dengan standar kelas dunia serta mewujudkan operation excellence melalui penerapan kaidah-kaidah QHSE (quality, health & safety environment) yang benar dan konsisten, sebagai realisasi keunggulan perusahaan.
• Meningkatkan pertumbuhan skala usaha secara berkesinambungan yang disertai dengan peningkatan kinerja finansial maupun non finansial.
• Meningkatkan nilai pemegang saham secara berkelanjutan, serta kesejahteraan maupun kesempatan untuk tumbuh kembang karyawan. Membina hubungan yang harmonis dan saling menguntungkan dengan pemerintah, mitra kerja maupun masyarakat di mana perusahaan beroperasi.
• Providing a range of high-quality for customer satisfaction and loyalty, supported by professionalism of human resources, equipment availability, technology mastery, continuous improvement and product innovation development.
• Carrying out all business activities based on the principles of good engineering practices with world class standards while realizing operation excellence through standardized and consistent implementation of quality, health and safety environment (QHSE) to represent Company’s competitiveness.
• Boosting the sustainable growth of business scale in line with improvement of financial and nonfinancial performances.
• Enhancing sustainable shareholders' value, as well as improving welfare and opportunities to grow for the employees. Establishing a harmonious and mutual relation with the government, partners and communities where the Company operates.
• CLEAN : Bersih secara moral, transparan dan akuntabel
• RESPECTFUL : Terpercaya di dalam komunitas bisnis dan lingkungannya melalui profesionalisme, kemandirian, berdaya saing serta kemampuannya memenuhi kepuasan stakeholders.
• SYNERGY : Berorientasi pada kekuatan aliansi secara terpadu untuk menciptakan nilai.
• CLEAN : Morally clean, transparent and accountable.
• RESPECTFUL: Trusted within the business community and environment through professionalism, independency, competitiveness as well as capability in delivering the stakeholders satisfaction.
• SYNERGY: Oriented on the alliance benefit integratedly to create value.
Nilai / Values
Misi / Mission
TONY HARISMAN SOETORO
BUDI SETIAWAN
SABAM HUTAJULU
HELMY SAID
Department of Information System
Division of Corporate Legal
EPC Business Division of
New Venture & Strategic Planning
Division of Asset & Property
Resources
Struktur Organisasi Perseroaan per 9 April 2012 The Organization Structure of the Company as per 9 April 2012
25
97,35%
70,00%
99,99%
40,00%
98,00%
Jasa Hilir Migas Downstream
PT Elnusa CGGVeritas Seismic
99,93%
51,00%
PT Elnusa Petrofin (EPN)
26 Profil Perseroan
Bidang Usaha Korporasi /Corporate Business Line
Saat ini, kegiatan usaha dan struktur bisnis Perseroan dapat dibagi dalam 3 kelompok usaha, yaitu :
1. Kelompok Jasa Hulu Migas, terdiri dari 3 divisi usaha di dalam Perseroan dan 1 Entitas Ventura Bersama;
2. Kelompok Jasa Penunjang Hulu Migas, terdiri dari 4 Anak Perusahaan dan 1 Afiliasi;
3. Kelompok Jasa Hilir Migas, terdiri dari 1 Anak Perusahaan.
Currently, the Company’s business activities and structure are grouped into 3 segments, which are:
1. Upstream Oil and Gas Services, consists of 3 divisions and 1 Joint Venture Entity;
2. Upstream Oil and Gas Support Services, consists of 4 Subsidiaries and 1 Affiliate;
3. Downstream Oil and Gas Services, consists of 1 Subsidiary.
Kelompok Usaha Business Groups
Divisi / Anak Perusahaan Divisions/Subsidiaries
Aktivitas Bisnis Business Activities
Divisi Geoscience Services Geoscience Services Division
Jasa pengukuran data Geofisika/seismik migas. Geophysical data services.
• Geodata Acquisition- Land; • Geodata Acquistion-Transition Zone &
Marine; • Geodata Processing.
Jasa pemboran migas. Drilling services.
• Drilling Rig Operation.
• well Services Testing; • Production Facility Enhancement; • Drilling Support Services : Reservoir
Evaluation Service, Drilling Evaluation Service, Reservoir Testing Services, Pumping Services.
Entitas Ventura Bersama: PT Elnusa cGGVeritas Seismic (EcS) Domisili: Jakarta Tahun Pendirian: 2011 Joint Venture Entity : PT Elnusa CGGVeritas Seismic (ECS) Domicile: Jakarta Establishment Year: 2011
51% atau 4.998.000 lembar saham, dengan nilai nominal Rp8.671 per saham. 51% or 4,998,000 shares, at nominal value of IDR8,671 per share.
Jasa penunjang pertambangan minyak dan gas alam khususnya dibidang jasa non konstruksi migas, survei seismic, geologi & geofisika. Support services for oil & gas specially in oil & gas non construction, seismic survey, geology & geophysics.
• Non konstruksi migas; • Survei seismik; • Geologi dan geofisika. • Oil and gas non construction; • Seismic survey; • Geology and geophysics.
26
Aktivitas Bisnis Business Activities
Jasa Penunjang Hulu Migas
Anak Perusahaan: PT Elnusa Fabrikasi Konstruksi (EFK) Domisili: Batam Tahun Pendirian: 1982 Subsidiary: PT Elnusa Fabrikasi Konstruksi (EFK) Domicile: Batam Establishment Year: 1982
97,35% atau 234.781 lembar saham, dengan nilai nominal Rp100.000 per saham. 97.35% or 234,781 shares, at nominal value of IDR100,000 per share.
Jasa penguliran, perdagangan pipa OcTG dan fabrikasi. Threading, trading services of OCTG and fabrication.
• Pengolahan bahan mentah dan bahan baku;
• Pembuatan serta perbaikan alat-alat perminyakan;
• Menjalankan perdagangan umum, termasuk ekspor, impor, interlokal dan lokal;
• Memberikan jasa dalam bidang minyak dan gas bumi yaitu OcTG dan penguliran pipa;
• Agen dari perusahaan dalam maupun luar negeri.
• Raw material processing; • Manufacturing as well as repairing
services of oil equipments; • Conducting general trading,
including export, import, interlocal and local;
• Providing oil and gas services, such as OCTG and pipe threading;
• Agent of domestic and international companies.
Anak Perusahaan: PT Patra Nusa Data (PND) Domisili: Jakarta Tahun Pendirian : 1997 Subsidiary: PT Patra Nusa Data (PND) Domicile: Jakarta Establishment Year: 1997
70% atau 14.000 lembar saham, dengan nilai nominal Rp30.000 per saham. 70% or 14,000 shares at nominal value of IDR30,000 per share.
Jasa perolehan, pengelolaan, pengolahan dan penyimpanan data eksplorasi produksi migas. Acquisition, management, and storage services of exploration and production oil and gas data.
• Pengumpulan, alih media, penyimpanan, pemeliharaan, pengelolaan dan peningkatan kualitas data migas serta pemasyarakatan data;
• Studi detail, antara lain studi perencanaan, studi kelayakan, studi teknik, studi operasi dan studi desain/evaluasi;
• Menyediakan jasa pembangunan sistem informasi terkait manajemen data migas dan operasional kegiatan eksplorasi produksi serta aset perusahaan migas terpadu dengan produk antara lain Indonesia Meta Database (INAMETA), INAMETA Plus dan Pipeline Monitoring System;
• Melayani konsultasi di bidang pengelolaan data;
• Memperoleh data dalam rangka penyelidikan umum.
• Collecting, media transfer, storage, oil and gas data quality improvement and maintenance, and data publication;
• Detailed study, such as planning study, feasibility study, technical study, operational study, and design/ evaluation study;
• Providing information system development services related to oil and gas data maangement and operation of production & exploration, and assets of integrated oil and gas company with products like Indonesia Meta Database (INAMETA), INAMETA Plus and Pipeline Monitoring System;
• Consultancy services in data management;
• Collecting data for general investigation purpose.
28
Aktivitas Bisnis Business Activities
Jasa Penunjang Hulu Migas
Upstream oil and gas support services
Anak Perusahaan: PT Sigma cipta Utama (ScU) Domisili: Jakarta Tahun Pendirian : 1980 Subsidiary: PT Sigma Cipta Utama (SCU) Domicile: Jakarta Establishment Year: 1980
99,99% atau 1.155.450 lembar saham, dengan nilai nominal Rp100.000 per saham. 99.99% or 1,155,450 shares at nominal value of IDR100,000 per share.
Jasa pengelolaan data migas, jasa pembangunan sistem teknologi informasi terpadu, jasa telekomunikasi. Oil and gas data management services, integrated development services of information technology, telecommunication services.
• Penyimpanan dan pengelolaan pita magnetik, dokumen kertas, contoh bebatuan geologi serta minilab contoh batuan;
• Pengelolaan data online, pembangunan pusat data dan penyimpanan data elektronik;
• Penyedia tenaga ahli, pengadaan, pemasangan, pengoperasian dan pemeliharaan perangkat keras komputer serta jaringan;
• Pengembangan dan pemeliharaan sistem aplikasi serta konten, Radio konvensional dan trunking, Digital Radio, Link (Mirowave), wireless broadband, navigasi dan automatic vehicle/vessel tracking system;
• RFID Technology, berupa sistem manajemen aset dan sistem integrasi keamanan
• Storage and management of magnetic band,samples of geological rocks, as well as rock sample minilab;
• Online data management, data center development and electronic data storage;
• Providing experts, procurement, installation,operation and maintenance of computer hardware and network;
• Development and maintenance of application system, content, conventional radio and trunking, Digital Radio Link (Mirowave), wireless broadband, navigation and automatic vehicle/vessel tracking system;
• Providing RFID Technology consist of asset management system and security integration system.
Anak Perusahaan: PT Elnusa Patra Ritel (EPR) Domisili: Jakarta Tahun Pendirian : 1996 Subsidiary: PT Elnusa Patra Ritel (EPR) Domicile: Jakarta Establishment Year:1996
98,00% atau 1.470.000 lembar saham, dengan nilai nominal Rp1.000 per lembar saham. 98.00% or 1,470,000 shares at nominal value of IDR1,000 per share.
Saat ini tidak beroperasi. Currently inactive.
Perusahaan Afiliasi: PT Patra Telekomunikasi Indonesia (PKM) Domisili: Jakarta Tahun Pendirian : 1995 Affiliate: PT Patra Telekomunikasi Indonesia (PKM) Domicile: Jakarta Establishment Year: 1995
40% atau 8.000 lembar saham, dengan nilai nominal Rp1.000.000 per lembar saham. 40% or 8,000 shares at nominal value of IDR1,000,000 per share.
Jasa penyediaan jaringan, telekomunikasi satelit dan sistem komunikasi Vsat. Network service provider, satellilte communication, and Vsat-based communication system.
• Pengembangan jaringan telekomunikasi dan perencanaan pembangunan sarana prasarana telekomunikasi dan pemeliharaan jaringan;
• Kegiatan jasa komunikasi satelit, VOIP, FOIP dan pelayanan jaringan global;
• Komunikasi radio; • Komunikasi data paket; • Internet provider; • Pemeliharaan peralatan telekomunikasi; • Konsultan bidang telekomunikasi. • Telecommunication network development and
planning for telecommunication facilities; • Development and network maintenance; • Providing satellite communication services,
VOIP, FOIP, and global network services; • Radio communication; • Packet data communication;. • Internet Provider; • Telecommunication equipment maintenance; • Consultancy on telecommunication.
29
Aktivitas Bisnis Business Activities
Downstream oil and gas Services
Anak Perusahaan: PT Elnusa Petrofin (EPN) Domisili: Jakarta Tahun Pendirian : 1996 Subsidiary: PT Elnusa Petrofin (EPN) Domicile: Jakarta Establishment Year: 1996
99,93% atau 207.350 lembar saham, dengan nilai nominal Rp100.000 per lembar saham 99.93% or 207,350 shares at nominal value of IDR100,000 per share
Jasa penyimpanan, pendistribusian, perdagangan dan pemasaran produk minyak dan gas di indonesia. Storage, distribution, trading services and marketing of oil and gas products in indonesia
• Manajemen depot BBM milik swasta mulai dari kegiatan administrasi pembelian, pengangkutan, penimbunan dan penyaluran BBM di lokasi customer;
• Manajemen transportasi BBM mulai dari depot BBM Pertamina ke SPBU dan APMS;
• Manajamen ritel bahan bakar, SPBU dan SPBE milik swasta maupun milik EPN sendiri;
• Trading BBM Industri & Marine, Specialty & Commodity Chemical.
• Management of privately-owned fuel depot, in the term of its administration of purchasing, transporting, stockpiling and distribution of fuel at the customer location;
• Management of fuel transportation from Pertamina fuel depot to APMS;
• Retail management of fuel, and gas stations and SPBE, owned both by private and EPN;
• Trading of Industrial & Marine Fuel, Specialty & Commodity Chemical.
Perseroan akan tetap mengembangkan dan mensinergikan bisnis jasa hilir migas dan jasa penunjang migas untuk memperkuat bisnis inti di jasa hulu migas. hal ini semakin memperjelas posisi Perseroan sebagai penyedia layanan jasa migas terkemuka
The Company will continue to develop and synergize downstream services as well as upstream support services to strenghten core business in upstream oil and gas services. This further clarifies the company's position as a leading oil and gas service provider
30 30
30
Tingginya minat kepemilikan publik terhadap saham ELSA dapat menjadi indikasi bahwa saham ELSA masih cukup menarik di mata investor
The high interest in public ownership of ELSA's shares could be an indication that ELSA's shares are quite attractive in the eyes of investors
31 Shareholder Information
Jabatan Nama 2011
Komisaris Utama/ President Commissioner Waluyo Tidak Ada/ None 0%
Komisaris Independen/ Independent Commissioner Surat Indrijarso Tidak Ada/ None 0%
Komisaris Independen/ Independent Commissioner Erry Firmansyah Tidak Ada/ None 0%
Komisaris/ Commissioner M. Suluhuddin Noor Tidak Ada/ None 0%
Komisaris/ Commissioner Andri T. Hidayat Tidak Ada/ None 0%
Direktur Utama/ President Director Elia Massa Tidak Ada/ None 0%
Direktur Operasi/ Director of Operation Tony Harisman Soetoro Tidak Ada/ None 0%
Direktur Pengembangan Usaha (merangkap Direktur Tidak Terafiliasi)/ Director of Business Development (and Unaffiliated Director) Budi Setiawan Tidak Ada/ None 0%
Direktur Keuangan/ Director of Finance Sabam Hutajulu Tidak Ada/ None 0%
Direktur SDM & Umum/ Director of Human Resources & General Affairs Helmy Said Tidak Ada/ None 0%
Kepemilikan Saham Dewan Komisaris dan Direksi per 31 Desember 2011 Share Ownership of Board of Commissioners and Directors as of 31 December 2011
PT Benakat Petroleum Energy Tbk Masyarakat
Pertamina (Persero)
31.61%
27.29%
Owned
Owned
% Kepemilikan
Modal Ditempatkan dan Disetor Penuh Issued and Fully paid-up Capital
Kepemilikan Saham 5 % atau lebih 5% or more of Share ownership
PT Pertamina (Persero) 1 3.000.000.000 300.000.000.000 41,10% PT Pertamina (Persero)
PT Benakat Petroleum Energy Tbk 1 2.306.803.390 230.680.339.000 31,61% PT Benakat Petroleum Energy Tbk
Kepemilikan Saham kurang dari 5% Less than 5% of Share ownership
Saham Treasury 1 99.738.000 9.973.800.000 1,37% Treasury Stock
Dewan Komisaris dan Direksi Perseroan 0 0 0 0,00% The Company’s BOC and BOD
Masyarakat (dengan kepemilikan masing-masing kurang dari 5%) 8.523 1.891.958.610 189.195.861.000 25,92% Public (with the ownership
of each less than 5%) Jumlah Modal Ditempatkan dan Disetor Penuh 8.526 7.298.500.000 729.850.000.000 100,00% Total Issued and
Fully paid-up Capital
Komposisi Kepemilikan Saham /Composition of Share Ownership
32
Sampai akhir tahun 2011, Saham Perseroan tetap didominasi oleh PT Pertamina (Persero) dan PT Benakat Petroleum Energy Tbk sebagai pemegang saham mayoritas sekaligus pemegang saham pengendali, di mana masing-masing memiliki kepemilikan sebesar 41,10% dan 31,61%. Selebihnya adalah pemegang saham publik yang terdiri dari 8.523 pihak dari berbagai institusi. Di antaranya adalah Perseroan yang masih memiliki 1,37% saham Treasury dari program pembelian kembali saham pada akhir tahun 2008 yang lalu. Per 16 Desember 2011, Perseroan telah mengeluarkan Keterbukaan Informasi untuk melakukan penjualan kembali atas saham Treasury tersebut, namun proses penjualannya baru efektif pada awal Januari 2012.
Pada akhir tahun 2011, anggota Dewan Komisaris maupun Direksi Perseroan tidak memiliki saham Perseroan.
Di lain pihak, jumlah terbesar dari komposisi pemegang saham di bawah 5% masih didominasi oleh Individu Domestik yang menguasai hampir 65%. Tingginya minat kepemilikan publik terhadap saham ELSA dapat menjadi indikasi bahwa saham ELSA masih cukup menarik di mata investor. Kepemilikan oleh Perseroan Terbatas terhadap saham ELSA juga mengalami kenaikan yang cukup signifikan. Namun peningkatan tersebut belum diikuti dengan kenaikan kepemilikan terhadap Institusi Asing dan Individu Asing yang cenderung stabil sepanjang tahun dan sedikit penurunan pada akhir tahun. Sedangkan kepemilikan saham lainnya oleh Dana Pensiun adalah sebesar 2,2%, Reksadana 0,3%, Koperasi & Yayasan 0,2%, dan Bank & Asuransi 0,3%. Secara keseluruhan, dengan melihat dari komposisi pemegang saham ELSA, dapat disimpulkan bahwa kepercayaan investor dan pelaku pasar modal terhadap ELSA masih cukup tinggi.
Until the end of 2011, the Company’s shares were dominated by PT Pertamina (Persero) and PT Benakat Petroleum Energy Tbk as majority shareholders as well as controlling shareholders, whose 41.10% and 31.61% ownership, respectively. The rest was public shareholders which consisted of 8.523 stakeholders from different institutions. Among them was the Company which still held 1.37% Treasury stock from share buy back program by the end of 2008. As of December 16, 2011, the Company has issued Information Disclosure to sell the shares back, however the process will be effective in early January 2012.
At the end of 2011, none of members of the Board of Commissioners and Directors of the Company owned the Company’s shares.
On the other hand, the greatest amount of shareholder composition which less than 5% was still dominated by Domestic Individual who controled nearly 65%. The high interest in public ownership of ELSA shares could be an indication that the shares were still quite attractive in the eyes of investors. Share ownership of Limited Liability Companies also increased significantly. However, the increase was not accompanied by the increased ownership of Foreign Institutions and Foreign Individuals who tend to be stable throughout the year and slightly decreased at the end of the year. while other stock ownership by Pension Funds was 2.2%, Mutual Funds 0.3%, Cooperatives & Foundations 0.2%, and Bank & Insurance 0.3%. Overall, considering the composition of ELSA's shareholders, could be concluded that investor and capital market community’s confidence to ELSA was quite high.
Informasi Pemegang Saham
Individu Asing - Foreign Individuals Individu Domestik - Domestic Individual Reksadana - Mutual Fund Badan Usaha Asing - Foreign Company Dana Pensiun - Pension Fund Perseroan Terbatas - Limited Liabilities Koperasi & Yayasan - Cooperative Union & Foundation Bank & Asuransi - Bank & Insurance
Profil pemegang saham kurang dari 5% : Profile of shareholders with less than 5% of ownership :
33
Modal Dasar (Rp miliar) Authorized
Capital (Rp billion)
Up Capital (Rp billion)
per Share (Rp)
750 583,85 500 1.167.700.000
Peningkatan Modal Dasar. Capital Enlargement
2.250 583,85 500 1.167.700.000
Pemecahan Nilai Nominal Saham 1 : 5 Stock Split 1 : 5
2.250 583,85 100 5.838.500.000
29-31 Januari 2008 29-31 January 2008
Penawaran Umum Perdana Saham sebanyak 20% dari Modal Dasar atau sebanyak 1.460.000.000 lembar saham. Initial Public Offering (IPO) amounting to 20% of enlarged capital or equivalent to 1,460,000,000 shares.
2.250 729,85 100 7.298.500.000
Mencatatkan saham Perseroan yang beredar sebanyak 7.298.500.000 lembar saham di Bursa Efek Indonesia dengan kode perdagangan “ELSA”. Listed 7,298,500,000 shares issued at Indonesia Stock Echange under “ELSA” ticker.
2.250 729,85 100 7.298.500.000
13 Oktober 2008 – 12 Januari 2009 13 October 2008 – 12 January 2009
Pembelian kembali 99.738.000 lembar saham dan mencatatkannya sebagai saham Treasury. Buy back of 99,738,000 shares & recorded them as Treasury stocks.
2.250 729,85 100 7.298.500.000
16 Desember 2011 16 December 2011
Menerbitkan Keterbukaan Informasi untuk melakukan penjualan kembali atas saham Treasury melalui BEI, efektif mulai 2 Januari 2012 Published an Information Disclosure regarding sell back program on the Treasury stock in IDX, effectively on 2 January 2012
2.250 729,85 100 7.298.500.000
Shareholder Information
34
Kondisi perekonomian dunia di tahun 2011 sedikit mengalami perlambatan dibandingkan dengan tahun 2010. Di tahun ini ancaman krisis keuangan kembali mengintai pertumbuhan ekonomi dunia. Kejatuhan perekonomian Amerika pada tahun 2008 yang menjadi titik awal krisis global, ternyata masih menyisakan beberapa masalah yang mengakibatkan melambatnya pertumbuhan ekonomi Amerika pada tahun 2011 ini. Kondisi ini ditambah lagi dengan krisis hutang yang terjadi di zona Eropa yang dialami hampir sebagian besar negara-negara yang tergabung dalam Uni Eropa, yang mengakibatkan banyak negara-negara emerging market, termasuk Indonesia, ikut terkena imbasnya.
Kondisi ini turut juga mempengaruhi kinerja Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI) mulai semester kedua tahun 2011. Sedangkan di paruh pertama imbas dari krisis di Amerika dan zona Eropa tampaknya belum memberikan pengaruh pada kinerja IHSG. Indikasi ini terlihat dari dicetaknya rekor baru IHSG dengan mencapai angka 4.193. Sayangnya kondisi ini justru berbalik signifikan memasuki paruh kedua tahun 2011. Tingginya intensitas tekanan dari perekonomian global akibat dari krisis di Amerika dan zona Eropa membuat IHSG harus terkoreksi tajam dan berada pada trend yang negatif.
Walaupun demikian, IHSG masih berhasil mencetak pertumbuhan yang positif sepanjang tahun 2011, yaitu tumbuh 2,25%, di saat yang bersamaan berbagai indeks acuan di seluruh dunia justru membukukan kinerja yang negatif, seperti indeks Nasdaq, Nikkei dan FTSE yang masing-masing membukukan kinerja -3,1%, -18,9% dan -7,3% sampai akhir tahun 2011.
Kinerja positif yang diraih IHSG merupakan cerminan dari solidnya fundamental perekonomian Indonesia, yang merupakan daya tarik bagi investor global. Indikasi solidnya perekonomian Indonesia ini terlihat dari inflasi yang terjaga sebesar 3,79% yang jauh di bawah prediksi pemerintah yang berada di kisaran sekitar 5%. Rendahnya tingkat inflasi ini mampu menjaga tingkat konsumsi rumah tangga yang merupakan pondasi perekonomian Indonesia. Indikator lainnya ditunjukan dengan tingginya cadangan devisa yang melebihi US$100 milliar, sebagai akibat dari derasnya arus modal yang masuk ke Indonesia, yang salah satunya dialokasikan di pasar modal.
Kekhawatiran secara khusus ditujukan kepada sektor pertambangan dikarenakan kekhawatiran investor terkait perihal melambatnya perekonomian dunia yang akan mempengaruhi kinerja perusahaan- perusahaan pertambangan, sebagai imbas dari turunnya permintaan akan barang-barang tambang. Sejalan dengan prediksi melambatnya konsumsi barang-barang tambang pada tahun 2011 ini, telah membuat saham sektor pertambangan menjadi agak kurang menarik di mata investor, sehingga indeks sektor pertambangan pun mengikuti trend pergerakan yang sama dengan IHSG.
The condition of global economy slowed slightly in 2011 compared to 2010. The threat of financial crisis also lurked the global economic growth this year. The fall of USA economy in 2008, which became the starting point of the global crisis, still left some issues that caused a slowing USA economic growth in the year 2011. This condition coupled with the debt crisis that occurred in the European zone, experienced by most of the countries that joined the European Union, which also resulted many emerging market countries, including Indonesia, affected by this situation.
This condition also influenced the performance of Jakarta Composite Index (JCI) in Indonesia Stock Exchange (IDX), started in the second half of 2011. while the impact of the crisis in the USA and the European zone apparently yet provides influence on the performance of JCI on the first semester. This indication could be seen from the new record JCI that has reached 4,193. Unfortunately, this condition actually turned significantly in the second half of 2011. The high intensity of pressure from the global economy as a result of the crisis in the USA and the European zone has made JCI should be corrected sharply and moved on negative trends.
However, JCI was still successfully managed to record a positive growth during the year 2011, which grew by 2.25%, while at the same time various global benchmark indexes actually booked a negative performance, such as index of Nasdaq, Nikkei and FTSE, which recorded a performance of -3.1%, -18.9% and -7.3% respectively, until the end of 2011.
The positive performance achieved by JCI was a reflection of the solid fundamentals of the Indonesian economy, which become an attractiveness for global investors. This solid Indonesian economy was indicated by the level of inflation which was maintained at 3.79%, far below government prediction at 5% approximately. The low level of inflation was able to maintain the level of household consumption which become the foundation of the Indonesian economy. Another indicator showed the high foreign exchange reserves exceeding USD100 billion, as a result of the rapid flow of capital into Indonesia, one of which was allocated to the capital market.
Concerns were specifically addressed to mining sector due to investors’ worries regarding issue of global economy downturn would affect the performance of mining companies, as the impact of declining demand for mining goods. along with the forecast of a slowdown consumption of mining goods in 2011, has made stocks of mining sector less attractive in the eyes of investors, so that the mining index also followed the similiar trend with JCI.
Informasi Pemegang Saham
35
Imbal hasil Saham ELSA tahun 2011 dibandingkan dengan IHSG dan Indeks Pertambangan BEI:
ELSA share return in 2011 compared to IHSG and IDX Mining Index :
Untuk pergerakan saham ELSA, secara keseluruhan memiliki kesamaan pergerakan dengan IHSG maupun indeks pertambangan. Pada kuartal pertama tahun 2011, ELSA memiliki trend positif dan mengalami peningkatan harga saham. Bahkan saham ELSA sempat menyentuh level tertingginya selama tahun 2011, yaitu Rp340 di bulan Januari. Selain dipicu oleh keterbukaan informasi Perseroan yang intensive terkait pencapaian kontrak operasi, hal ini juga merupakan pengaruh positif dari aksi korporasi yang dilakukan yaitu pembentukan kerjasama joint venture dengan cGGVeritas Seismic (Singapore) Pte Ltd., suatu perusahaan internasional terkemuka di bidang seismik.
Pada kuartal kedua, pergerakan saham cukup stabil, walaupun di akhir kuartal harga saham ELSA sempat turun karena pemberitaan media mengenai permasalahan Perseroan terkait penempatan deposito berjangka di Bank Mega. Setelah sempat recovery pada Juli 2011 dengan pemberitaan kinerja semester 1-2011, sejak awal Agustus 2011 harga saham ELSA turun cukup dalam karena adanya isu krisis keuangan dunia. Pada periode tersebut, saham ELSA pun sempat menyentuh level terendah Rp179 di bulan Oktober 2011. Kondisi ini disebabkan aksi jual investor yang melanda seluruh saham dunia maupun di BEI, yang juga membuat IHSG juga jatuh ke level terendah selama 2011, yaitu 3.269.
Memahami hal ini, Perseroan terus melakukan usaha untuk kembali mendorong naik harga saham ELSA dengan memberikan informasi mengenai pencapaian kontrak Oilfield services dan pencapaian kinerja kuartal ketiga tahun 2011. Informasi mengenai estimasi kinerja 2011 disertai dengan program perbaikan, prospek bisnis serta proyeksi kinerja Perseroan di tahun 2012 juga turut membuat saham ELSA kembali stabil dan naik perlahan. Pada akhir Desember 2011, Saham ELSA ditutup pada posisi Rp230 atau terdepresiasi 30.3%
ELSA shares movement, as a whole, has similarities with the movement of JCI and the mining index. In the first quarter of 2011, ELSA recorded positive trends and experienced increases in share prices. Even ELSA share reached its highest level during the year 2011, namely IDR340 in January. Triggered by the intensive Company’s information disclosures on the achievement of operational contracts, it was also driven by positive influence of the corporate action taken by management regarding the establishment of joint venture company with CGGVeritas Seismic (Singapore) Pte Ltd., a leading international seismic company.
In the second quarter, the movement of ELSA share was quite stable, although at the end of quarter its price dropped because of media coverage on the Company case related to the placement of time deposits at Bank Mega. After a recovery in July 2011 driven by the expose of first half performance, since early August 2011 the share price fell down due to the issue of global financial crisis. In that period, ELSA share touched its lowest level, IDR179, in October 2011. This condition was affected by investors’ selling out that hit all stocks across the world, as well as stocks on IDX, which has made JCI fell to its lowest level in 2011, namely 3,269.
Perceiving to this condition, the Company continued its effort to drive-up ELSA price by providing information on the contract achievement of Oilfield services and the performance achievement of the third quarter of 2011. Information on the estimated performance of 2011, accompanied by recovery program, the business outlook and the projected performance of the Company in 2012, have also made ELSA share price slowly increased and stable. In late December 2011, ELSA shares closed at IDR230 or depreciated
2011
ELSA.JK 230.00Dec 30,2011: ^JKSE 3821.99 ^JKMING 2532.38
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-40%
-30%
-20%
-10%
10%
0
36
selama tahun 2011, dengan penurunan signifikan karena imbas dari sentimen negatif para investor akan meluasnya imbas dari krisis dunia. Turunnya harga saham ini pada akhirnya menyebabkan penurunan tingkat kapitalisasi pasar ELSA, yaitu turun 29% menjadi Rp1,67 miliar.
Dilihat dari jumlah penjualan saham, rata-rata volume perdagangan harian saham ELSA di tahun ini sebesar 11,84 juta lembar saham per hari, mengalami penurunan dibandingkan rata-rata volume transaksi harian pada tahun sebelumnya yang sebesar 47,89 juta lembar saham per hari. Turunnya volume perdagangan telah membuat saham ELSA tidak lagi masuk ke dalam daftar indeks LQ45 per bulan Agustus 2011. Namun sampai akhir tahun 2011 saham ELSA masih masuk ke dalam indeks Kompas100. Prospek industri migas dan kinerja Perseroan ke depan, masih cukup memberikan ekspektasi positif bagi para analis maupun investor pasar modal untuk tetap mengoleksi saham ELSA.
30.3% during the year 2011, with a significant decrease due to the negative impact of investor sentiment on the impact of global crisis. The fall in share prices has finally led to decreased level of ELSA market capitalization, which fell by 29% to IDR1.67 billion.
Judging from the number of shares traded, daily average transaction volume of ELSA shares this year which was 11.84 million shares per day, has decreased compared to the daily average transaction volume in the previous year which amounted to 47.89 million shares per day. The fall in the transaction volume has made ELSA share was no longer in the list of LQ45 index per August 2011. However, until the end of 2011 ELSA share was still listed on Kompas100 index. The prospect of oil & gas industry and future performance of the Company, is still convincing to provide positive expectations for the capital market analysts and investors to buy ELSA share.
Informasi Pemegang Saham
Perseroan merencanakan dan berusaha untuk membagikan dividen dalam bentuk uang tunai sekurang-kurangnya sekali dalam setahun. Besarnya dividen dikaitkan dengan keuntungan Perseroan pada tahun buku yang bersangkutan, dengan tidak mengabaikan tingkat kesehatan Perseroan dan tanpa mengurangi hak dari Rapat Umum Pemegang Saham Perseroan untuk menentukan lain sesuai dengan ketentuan Anggaran Dasar Perseroan.
The Company plans and exerts to distribute cash dividend at least once a year. The amount of dividend is strongly related to the Company’s profit of the current book year, by considering to the condition of the Company and without reducing the rights of General Meeting of Shareholders to determine other decision than those stated in the Company’s Article of Association.
Tahun 2011
ELSA Indeks Pertambangan Mining Index
IHSG JCI
Kinerja saham ELSA dibandingkan Indeks Pertambangan dan IHSG ELSA share performance compare to Mining Index and JCI
Kebijakan Dividen /Dividend Policy
37
1) Rasio Pembayaran Dividen (Dividend Payout Ratio) dihitung dari jumlah dividen dibandingkn dengan Jumlah Laba Bersih tahun berjalan. 2) Merupakan Dividen Interim Tahun 2009, yang diputuskan oleh Rapat Direksi dan Dewan Komisaris tanggal 10 Desember 2009. 3) Jumlah Dividen Interim tersebut diperhitungkan dalam pembayaran Dividen final tahun buku 2009.
1) Dividend Payout Ratio is calculated based on total dividend compared to the net income of the Curent Year. 2) Interim dividend paid in 2009, was determined at a Meeting between Directors and Board of Commissioners on December 10, 2009. 3) Interim Dividend was calculated based on Final Dividend of the fiscal year 2009.
Tahun Buku
Lembar Saham
Tanggal Pembayaran
Book Year AGMS Date Net Income (Rp) Total Dividend Dividend per
Share Dividend
Payout Ratio)¹
Dividend
2008 6 Mei 2009 6 May 2009
Rp 133.772.000.000 Rp 26.754.400.000 Rp 3,72 20,00% 12 Juni 2009 12 June 2009
25 Juni 2009
2009 21 Juni 2009 21 June 2009
Rp 466.233.000.000 Rp 179.969.050.000 Rp 25,00 38,60% Terbagi dalam 2 tahap: Divided into 2 phases
Rp 143.975.240.000)³ Rp 20,00 12 Januari 2010 12 January 2010
26 Januari 2010)² 26 January 2010)²
Rp 35.993.810.000 Rp 5,00 2 Agustus 2010 2 August 2010
16 Agustus 2010 16 August 2010
2010 19 Mei 2011 19 May 2011
Rp 63.906.000.000 Rp 19.171.800.000 Rp 2,66 30,00% 6 Juli 2011 6 July 2011
20 Juli 2011 20 July 2011
Dengan mengindahkan ketentuan-ketentuan di atas, Perseroan berusaha untuk mempertahankan rasio pembayaran dividen sekitar 20% dari laba bersih konsolidasian Perseroan untuk setiap tahunnya.
Penentuan jumlah dan pembayaran dividen tersebut, akan bergantung pada rekomendasi dari Direksi Perseroan, namun tidak terdapat kepastian bahwa Perseroan akan dapat membayarkan dividen pada tahun ini ataupun pada tahun-tahun mendatang. Keputusan Direksi dalam memberikan rekomendasi pembayaran dividen tergantung pada: • Laba bersih Perseroan. • Rencana pengembangan Perseroan dan belanja modal; • Pertimbangan kebijakan pada sektor industri yang sejenis; • Kondisi arus kas dan kebutuhan modal kerja Perseroan; • Kebijakan struktur permodalan Perseroan;
Seluruh saham biasa atas nama yang telah ditempatkan dan disetor penuh mempunyai hak yang sama dan sederajat termasuk hak atas pembagian dividen.
Dividen yang diterima pemegang saham yang berkebangsaaan non Indonesia akan terkena pajak di Indonesia.
Kronologi Pembayaran Dividen Selama 3 tahun terakhir, Perseroan membayar dividen tunai atas saham seperti yang diputuskan oleh Rapat Umum Pemegang Saham Tahunan (RUPST), sebagai berikut:
Regarding the above mentioned provisions, the Company plans to maintain its dividend payout ratio at 20% of consolidated net in- come of the Company annualy.
The amount and payout of the dividend will be calculated based on recommendation of the Company’s Directors, however there is no guarantee that the Company will be able to pay dividend this year of years ahead. In making a dividend payout recommendation, Direc- tors shall consider on: • Company’s net income. • Companys’ development plan and capital expenditure; • Consideration againts applicable policies of similar industries; • Company’s cash flow and needs of working capital; • Company’s policy on capital structure;
The entire issued and fully-paid ordinary preffered shares offers same and equivalent rights including rights for dividend.
For dividend received by non-Indonesian sharehorlders shall be subject to tax in Indonesia.
Chronology of Dividend Payment Over the last 3 years, the Company paid cash dividend on shares as determined in the Annual General Meeting of Shareholders (AGMS), as follows:
Shareholder Information
38 Informasi Pemegang Saham
Dana hasil Penawaran Umum Perdana Saham atau Initial Public Offering (IPO) yang dilakukan pada awal tahun 2008 senilai Rp566,30 miliar (bersih) telah seluruhnya dipergunakan sesuai dengan rencana penggunaan dana dalam prospektus Perseroan, yaitu :
• 25% digunakan untuk modal kerja; • 15% digunakan untuk pinjaman untuk pengembangan dan
perluasan aktivitas usaha Anak Perusahaan; • 7% digunakan untuk pembayaran sebagian hutang; • 53% digunakan untuk pembelian barang modal;
Dana yang digunakan untuk pinjaman kepada Anak Perusahaan tersebut di atas telah dikembalikan kepada Perseroan dan telah digunakan sebagai modal kerja Perseroan untuk memperkuat kompetensi di Jasa Hulu Migas. Hal tersebut juga telah dilaporkan kepada Bapepam-LK dan Bursa Efek Indonesia.
IDR566.30 billion net proceeds from Initial Public Offering (IPO) of the Company which was conducted in early 2008 has been fully realized based on the plans of proceed utilization stated in the Company prospectus, namely :
• 25% was used for working capital; • 15% was used for loan to subsidiaries for their business
development & expansion; • 7% was used for debt payment; • 53% was used for capital expenditure.
Proceeds used for loan to subsidiaries mentioned above have been returned to the Company and have been used as working capital of the Company to strengthen its competence in the Upstream Oil and Gas Services.
The Company has reported these matters to Bapepam-LK and Indonesia Stock Exchange.
Penggunaan Dana Hasil IPO /Utilization of IPO Proceed
Lembaga dan Profesi Penunjang Pasar Modal /Supporting Institution and Professional of Capital Market
Akuntan Independen Laporan Keuangan Konsolidasian Perseroan tahun 2011 diaudit oleh Kantor akuntan Publik (KAP) Tanudiredja, Wibisana & Rekan (Firma anggota Pricewaterhousecoopers International Limited) (Izin KAP No KMK No. 151/KM.I/2010), dengan Dwi Wahyu Daryoto, Ak.,cPA selaku Akuntan Publik yang menandatangani opini Laporan Keuangan Konsolidasian tersebut. Tahun 2011 merupakan penugasan periode pertama untuk KAP ini melakukan audit terhadap Laporan Keuangan Konsolidasian Perseroan dengan biaya jasa audit sebesar Rp1.923.000.000 (satu miliar sembilan ratus dua puluh tiga juta rupiah), di luar pajak. Di samping Perseroan, beberapa Anak Perusahaan dan Entitas Ventura Bersama juga diaudit oleh KAP yang sama, yaitu PT Elnusa Petrofin, PT Elnusa Patra Ritel, PT Elnusa Fabrikasi Konstruksi, PT Patra Nusa Data, PT Sigma cipta Utama, dan PT Elnusa cGGVeritas Seismic. Selain tugas audit Laporan Keuangan, KAP ini tidak melakukan tugas- tugas audit lain dalam lingkungan Perseroan. KAP Tanudiredja, Wibisana & Rekan ini beralamat di Jl. H.R. Rasuna Said Kav X-7 No.6 Jakarta 12940.
Biro administrasi Efek Perseroan telah menunjuk PT Datindo Entrycom sebagai biro administrasi efek yang bertugas melaksanakan pencatatan pemilikan efek Perseroan. PT Datindo Entrycom beralamat di Puri Datindo – Wisma Sudirman Jl. Jend. Sudirman Kav. 34-35 Jakarta.
Independent auditor The Company’s Consolidated Financial Statement in 2011 was audited by Public Accountant Firm Tanudiredja, wibisana & Rekan (a member firm of PricewaterhouseCoopers International Limited) (KAP License No. 151/KM.I/2010), with Dwi wahyu Daryoto, Ak., CPA as the Public Accountant who signed the opinion of the Consolidated Financial Statement. The year 2011 was the first assignment for this Public Accountant Firm to audit the Company's Consolidated Financial Statement with total audit fee of IDR1,923,000,000,- (One billion nine hundred twenty three million rupiah). Besides the Company, the same firm also audited the Company's subsidiaries and Joint Venture Entity, namely PT Elnusa Petrofin, PT Elnusa Patra Ritel, PT Elnusa Fabrikasi Konstruksi, PT Patra Nusa Data, PT Sigma Cipta Utama, and PT Elnusa CGGVeritas Seismic. Aside from auditing task, the firm was not assigned for other audit tasks in the Company. Public Accountant Firm of Tanudiredja, wibisana & Rekan has its principal place of business at Jl. H.R. Rasuna Said kav X-7 No.6 Jakarta 12940.
Share Registrar The Company has appointed PT Datindo Entrycom as the share registrar assigned for registering the securities ownerships in the Company. PT Datindo Entrycom resides at Puri Datindo-wisma Sudirman Jl. Jend. Sudirman Kav. 34-35 Jakarta.
39
Pemeringkat Efek Pada bulan Agustus 2010, PT Pemeringkat Efek Indonesia (Pefindo) sebagai credit rating Indonesia melakukan pemeringkatan terhadap Perseroan dengan hasil peringkat idA (Single A; Stable Outlook) yang berlaku untuk periode 11 Agustus 2010 sampai dengan 1 Agustus 2011. Peringkat tersebut diberikan berdasarkan data dan informasi dari Perseroan serta Laporan keuangan Audit per 31 Desember 2009 dan Laporan Keuangan Tidak Diaudit per 30 Juni 2010. Peringkat idA tersebut menunjukkan bahwa Perseroan selaku obligor memiliki kemampuan yang kuat untuk memenuhi kewajiban finansialnya. Namun kemampuan Perseroan cukup terpengaruh oleh memburuknya perkembangan perekonomian, bisnis dan keuangan. PT Pefindo beralamat di Setiabudi Atrium lantai 8, Jl. H.R. Rasuna Said Kav. 62 Kuningan, Jakarta.
Rating agency In August 2010, PT Pemeringkat Efek Indonesia (Pefindo), an Indonesia's rating agency, assigned the Company an idA rating (Single A; Stable Outlook) for the Company which was valid for the period of 11 August 2010 until 1 August 2011. The rating was assigned based on data and information of the Company and Audit Report as per 31 December 2009 and Unaudited Financial Report as per 30 June 2010. The idA rating confirmed that the Company as an obligor had a strong capability to meet its financial liabilities. However, the capability of the Company was influenced by the worsening condition of economy, business and finance. PT Pefindo resides at Setiabudi Atrium 8th Floor, Jl. H.R. Rasuna Said Kav. 62 Kuningan, Jakarta.
Akses Informasi & Data Perusahaan /Access to Corporate Information & Data
Perseroan selalu berusaha menerapkan prinsip transparansi dan menyediakan akses informasi dan data kepada seluruh pemangku kepentingan melalui Sekretaris Perusahaan.
Sebagai bagian dari upaya keterbukaan dan kepatuhan terhadap peraturan pasar modal, Perseroan senantiasa memberikan pelaporan terhadap informasi yang bersifat berkala maupun insidentil dan material, baik melalui surat kepada Bapepam-LK maupun laporan secara elektronik kepada Bursa Efek Indonesia.
Dalam rangka hal tersebut, Perseroan juga menyediakan berbagai sarana dan pelayanan informasi untuk pihak internal maupun eksternal.
Media penyebaran informasi Perseroan meliputi:
website Korporat : www.elnusa.co.id e-mail: corporate@elnusa.co.id Saluran Telepon (021) 7883 0850 ext 1618 • Corporate Secretary (Heru Samodra)
• Investor Relations • Corporate Communications
Press Release Basic Information Pack Fact Sheet Press Meeting Press Conference
Informasi tentang Perseroan juga tersebar di berbagai media: web-based, cetak (harian, tabloid, majalah), radio dan televisi.
The Company attempts to implement transparency principle and provides access to information and data for all stakeholders through Corporate Secretary.
As a part of our transparency effort as well as compliance to capital market regulation, the Company continues to provide reporting on periodic or incidental and material information either by written reporting to Bapepam-LK or electronic reporting to Indonesia Stock Exchange.
In order to this, the Company also provides various information facilities and services for internal and external stakeholders.
The Information media of the Company includes:
Corporate website : www.elnusa.co.id e-mail: corporate@elnusa.co.id Phone (021) 7883 0850 ext 1618 • Corporate Secretary (Heru Samodra)
• Investor Relations • Corporate Communications
Press Release Basic Information Pack Fact Sheet Press Meeting Press Conference
The information about the Company can also be accessed from various media: web-based, printed media (daily newspaper, tabloid, magazine), radio and television.
Shareholder Information
Dengan potensi dan kesempatan bisnis yang ada, manajemen Perseroan optimis prospek usaha Perseroan ke depan tetap baik dan meningkat.
With the business potential and opportunity, management of the Company are optimistic that the Company's business prospect in the future will remain good and increase.
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Laporan ManajemenLaporan Manajemen
Dewan Komisaris telah memberikan dukungan kepada Direksi Perseroan untuk melakukan beberapa aksi bersifat internal maupun eksternal untuk menyempurnakan proses bisnis dan memperkuat struktur bisnis.
The Board of Commissioners has supported the Board of Directors of the Company to carry out several internal and external actions to perfect the business process and strenghten business structure.
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Para Pemegang Saham yang terhormat,
Dalam kesempatan ini selaku Komisaris Utama PT Elnusa Tbk (“Perseroan”) kami mengucapkan puji syukur ke hadirat Tuhan Yang Maha Kuasa atas rahmat dan karuniaNya di tahun 2011 ini Perseroan masih bisa tumbuh dalam perolehan pendapatan. Namun Tahun 2011 merupakan tahun yang berat bagi Perseroan dengan banyaknya tantangan dari eksternal maupun permasalahan internal, sehingga pertumbuhan pendapatan tidak diikuti dengan peningkatan profitabilitas. Berdasarkan pengamatan kami, penurunan kinerja telah teridentifikasi mulai akhir tahun 2010 lalu dengan terjadinya peningkatan struktur biaya akibat tingginya biaya deperesiasi pada peralatan-peralatan operasi yang disebabkan ditundanya atau bahkan dibatalkannya tender maupun pelaksanaan pekerjaan atas kontrak-kontrak yang telah diperoleh. Penundaan maupun pembatalan oleh kontraktor migas akibat selain adanya penjadwalan ulang juga sulitnya birokrasi perizinan dari pihak yang berwenang serta tingginya permasalahan sosial masyarakat. Tingginya struktur biaya juga terjadi pada bisnis seismic transition zone dan marine yang baru dikembangkan sehingga belum bisa menghasilkan profit seperti yang diharapkan. Permasalahan tersebut berlanjut sampai tahun 2011 ini, dan diperberat dengan terjadinya permasalahan pembobolan dana deposito Perseroan di Bank Mega yang menyebabkan tertahannya dana kas untuk operasional perusahaan, yang sampai saat ini menjadi kasus perdata yang masih terus diperjuangkan oleh manajemen.
Banyak perbaikan-perbaikan dan konsolidasian internal yang harus dilakukan untuk memperkuat kembali posisi serta struktur bisnis Perseroan agar di masa yang akan datang Perseroan bisa menjadi lebih baik dalam memberikan imbal hasil kepada Pemegang Saham. Perubahan untuk perbaikan diawali dengan pergantian Pengurus Perseroan, di mana dalam Tahun 2011 telah terjadi pergantian anggota Direksi dan anggota Dewan Komisaris melalui 3 (tiga) kali RUPS yaitu:
• RUPS Tahunan pada tanggal 9 Mei 2011 telah mengangkat Sabam Hutajulu sebagai Direktur Keuangan menggantikan Santun Nainggolan, mengangkat Budi Setiawan sebagai Direktur Pengembangan Usaha menggantikan M. Jauzi Arif serta mengangkat Gani Bustan sebagai Komisaris Perseroan menggantikan Soehandjono.
Dear respected shareholders,
On this occasion, as the President Commissioner of PT Elnusa Tbk. (“the Company”), we praise the Almighty God for His blessing and gifts in the year 2011 so that the Company could demonstrate a growth in term of revenue. However, the year 2011 was a hard year for the Company because there were many external challenges and internal problems, and thus the growth of the revenue was not followed by increased profitability. Based on our observation, the declining performance has been identified since the end of 2010, in line with the increased cost structure due to the high depreciation cost of the operating equipment caused by the delayed and even cancelled tender and project implementation of the contracts obtained. In addition to the rescheduling, the delay and cancellation by the oil and gas contractors was also due to the complicated bureaucracy of the authorized parties and high social issues. The high cost structure also occurred in the seismic transition zone and marine business that were newly developed so failed to produce the profit as expected. The issues continued until this 2011 and were worsened by the embezzlement of The Company’s deposit fund in Bank Mega, caused the withholding of the cash for the Company operations, that up to date has become a civil case up and is still to be struggled by the management.
A lot of improvement and internal consolidation have to be conducted to strengthen the Company’s business so that in the future it will be better in providing return for the Shareholders. Changes for the improvement were started with the replacement of the Company Management, where in 2011 the members of the Board of Directors and the Board of Commissioners were replaced through 3 (three) General Meetings of Shareholders (RUPS), namely:
• Annual General Meeting of Shareholders on 9 May 2011 appointed Sabam Hutajulu as Director of Finance replacing Santun Nainggolan, appointed Budi Setiawan as Director of Business Development replacing M. Jauzi Arif, and appointed Gani Bustan as Commissioner of the Company replacing Soehandjono.
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Management Report 43 Management Report
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