Golden Steps to The Best
Investor Relations’ Update
for Analysts and Investors based on Q1 Results 2014
PT SARANA KARYA
Golden Steps to The Best
VISION To be One of The Best Integrated EPC and Investment Company in South East Asia
MISSION Providing Excellent Integrated Product and Services on EPC and Investment for Infrastructure, High-Rise Building, Energy, Industrial Plant, Precast Industry & Property Accomplish Key Stakeholders Expectation Practicing Business Ethics to Promote Good Corporate Citizen and Company Sustainability Strategic Overseas Expansion Implementing “Best Practice” Integrated Management System
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WIKA’S BUSINESS PORTFOLIOINDUSTRY INFRASTRUCTURE &
BUILDINGENERGY &
INDUSTRIAL PLANTREALTY & PROPERTY INVESTMENT
Precast Concrete : - Precast Concrete Product - Natural Resources
Management
Industrial Facilities : - Steel Fabrication - Aluminium Casting - Plastic Injection
Bitumen : - Granular Asphalt - Extraction Asphalt
Civil Construction : - Road and Bridge - Seaport, Jetty - Dam & Barrage
Building Construction : - Residential & Commercial - Airport - Facility
Steel Construction : - Erection - Equipment Installation
EPC : - Oil and Gas Plant - Petrochemical Plant - Cement Plant, Power Plant - Mining, Biofuels, Fertilizer
Operation & Maintenance : - Power Plant - Industrial Equipment
Realty & Property : - Landed House - Highrise (Apartment, Condotel, Office Mixed Use) - Industrial Estate
Property Management
Energy Water & Environment Transportation Infrastructure
Civil Work Department Regional Department Overseas Department Building Department
Industrial Plant Department Power Construction Department Power Investment Department
Building Department Power Investment Department
SERV
ICES
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DUCT
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PT SARANA KARYA
Golden Steps to The Best
Jakarta MRT Underground and Elevated Section Design and built for civil work including 8 elevated stations and 13
Underground Stations Estimated Time of Completion 2018
Located in Jatigede district, West Java. With height more than 100m and 980 cubic mtr capacity, planned to
have function to irrigate 90.000 acre area, providing fresh water for society .
INFRASTRUCTURE & BUILDINGCivil Construction
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Golden Steps to The Best
15 November 2013 The New Ngurah Rai International Airport was finished and handover to Angkasa Pura I.
Terminal 3 Extension Soekarno-Hatta Airport , Jakarta Design and Built, including 380.000sqm showpieces
facility and new 25mppa terminal, open for business in late 2015
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INFRASTRUCTURE & BUILDINGBuilding Construction
Golden Steps to The Best
WIKA’s 1st EPC of Coal Fired Power Plant Amurang 2 X 25 MW, North Sulawesi, WIKA become the pioneer of local company to finished EPC power plant outside Java
Installation of Sucker Rod Oil Pump, located at NDD 13, Duri Pekanbaru
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ENERGY & INDUSTRIAL PLANTEPC
Golden Steps to The Best
Operation & Maintenance Diesel Engine PP Bali 3X18 MW
Operation & Maintenance Diesel Engine PP Bali 3X18 MW
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ENERGY & INDUSTRIAL PLANTOperating & Maintenance
Golden Steps to The Best
Bogor Plant - The biggest plant with 8 line of production, produce piles and poles precastBogor Plant - The biggest plant with 8 line of production, produce piles and poles precastproduce piles and poles precast Operational Area
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INDUSTRY Beton Precast
Golden Steps to The Best
Clinker and Cement Additives Transport System
Steel Fabrication
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INDUSTRY Industrial Facilities
Golden Steps to The Best
NORTH SUMATERA EAST KALIMANTAN SULAWESI
WEST JAVA & BANTEN
JAKARTA
CENTRAL JAVAEAST JAVA
BALI
Land Bank (as of September 2013)
Landed House: 1.580.760 m2High rise: 25.297 m2
included JO
NORTH SUMATERA
Debag TaTaTaTaTaaTTaTaaamanmmm sari ----- Medan LaLaLaLaLaLandennn d hd hhhousousousousousousouusuoo e: 11.754757575757 m2 Tanahahahahahhhhhh AcAcAAA eh eeh - AAAAAAcecececcccAAccLaLaLaLaLaLaLLaLLaaandendendendendendendededeeeed dd d d hd hhhd ddd hd d hhouso e: 8788787778788878877787877 m2m2m2m2mm2m2m2m2mm2mse: 8
EAST KALIMANTAN
Tamanma sari Bukit Mutiara - BalBalalalalalalaalalikpikpikkikpikpapaapaapaapaapaaaaaaaaaannnnnnnnnnn Landededededeed house: 19.543 m22222 Grand TaTaT mansari - SaSaSaSaSaSaSaS marmarmarmarmmamm inda Landed hhhousou e: 7707070707070007007 ..578 m2
SULAWESI
TaTammansari Metropolitanan - M- Manaannan do do Landed house: 27.0444 m22m2m The Lagoon Tamansarri AppA artrtmement t High rise: 2.488 m2 2AtAtanangngngggg MaMaM kaskassarsar -- MMakakMakkMakMakMakkMakkMakMaka asasar r LLaLaaLaLaaLaaaanndnndndndndedn ed d hd hhhhd hd hd housooususussuse:e:eeeeeeeee 15155555.115 695956956969955969 mm2 eee::e:eee:e:e: e 151515515115151TaTaTaTaTaTTaTaaamanmannnnnnsarri Ki Ki KKayaaaayaay gangan -n - KeKenddaririririiriri ayayaayyayaayaayaayayangngnngLaLaLaaaaLanden d hd hhhhd hd d hoousousousousousousoussouou e:e:e:e:eee:e::e: e 4024024444 .4.410 m22
WEST JAVA & BANTENTamansari Maglayang Regency - Bandung nggg
Landed housed: 88.183 m2Landed housed: 888 .183 m2Tamansari Puri Bali - Depok
Landed house: 19.152 m2 Tamansari Pelabuhan ratu - Sukabumi
Landed house: 242.338 m2 Tamansari Panoramic - Bandung
High rise: 4.125 m2 La Grande Tamansari Merdeka - Bandung
High rise: 4.393 m2 Taman Bukit Damai - Bandung
Landed house: 829 m2 d house: 829 m2 ed house: 829 m2 d house: 829 m2 Tamansari Persada - Bogor nn
Landed house: 1.757 m2edd
JAKARTA
CENTRAL JAVA Tamansari Majapahit - Semarang Landed house: 5.760 m2 The Hill Tamansari - Semarang Landed house: 16.480 m2
EAST JAVA De Papilio Tamansari - Surabaya High rise: 5.384 m2
BALI
Jivva Resort @Tamansari - Lepang Landed house: 10.259 m2 Jineng Tamansari - Bali Landed house: 12.000 m2
Tamansari SSemaemamamamamamammaamamme nggi i A AAAAAparparrararararara tettememen High rise: 82221 mm1 mmmm2 2 2 2 2222 222 The Hive @Tamanssaaaaaririri riri ri ririri ri ri rr High rise: 6.070 m2 2 Tamansari Pesona Balli -i Jakarrtatata ta tatatata tttataaa Landed house: 1.144 m2 Festival Fatmawati - Jakartaa Festival Fatmawati Jakarka taa
Landed house: 129 m2
Land Bank (as of September 2013)
Landed House: 1.580.760 m2High rise: 25.297 m2
included JO
Ongoing Project
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PROPERTY Realty
Golden Steps to The Best
TURBINE GAS POWER PLANT BORANG 2 X 30MWTURBINE GAS POWER PLANT BORANG 2 X 30MW
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INVESTMENTEnergy
Golden Steps to The Best 13
1. SK Menteri BUMN No. SK-16/S.MBU/20122.Assessment by Indonesia Quality Award (IQA)3.Assessment by “Kriteria Penilaian Kinerja Unggul” (KPKU)4.Assessment by LPPM5.Assessment by AON Hewitt6. Assessment based Coso Framework 7. Assessment based ISO 31000
GCG SCORE (Assessor: BPKP)
CORPORATE RATING (Assessor: PEFINDO)
PERFORMANCE EXCELLENCE
ENGAGEMENT LEVELRISK MATURITY LEVEL
CORPORATE ASSESSMENT
Golden Steps to The Best
GCG SCORE ( BPKP
BUMN BERSIH BUMN BERSIH Team
CGPI INDEX
ASEAN SCORECARD
CORPORATE GOVERNANCE ASSESSMENT
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Golden Steps to The Best
ORDER BOOK, NEW CONTRACT, SALES & NET INCOME 2010 - 2014F
2010 2011 2012 2013 2014F
14,09811,885
9,9057,7426,023
25,831
17,73117,12513,568
10,223
49,972
38,26733,718
26,591
20,839
Order Book New Contract Sales Net Income
CAGR Net Income
19,02%CAGR Sales
18,52%
16
285 354479
570678
Golden Steps to The Best 18
GovernmentPrivate SOE* Included Private Project in Oil & Gas 2012 = Rp 1,73 trilion 2013 = Rp 859 trilion 2014 = Rp 2,4 trilion
2012
18,4% Rp 3.136
30,6% Rp 5.249
* 51,0%
Rp 8.740
33.0% Rp 3.302
39.4% Rp 3.938
27.6% Rp 2.754
27,2% Rp 7.022
34,2% Rp 8.842
* 38,6%
Rp 9.967
25,4% Rp 4.809
34,9% Rp 6.605
39,7% Rp 7.516
2014F
24,3% Rp 4.312
40,7% Rp 7.209
* 35,0%
Rp 6.210
26,8% Rp 4.041
30.8% Rp 4.649
42,3% Rp 6.382
2013
SalesNew Contract SalesNew ContractSalesNew Contract
(bilion Rp.)NEW CONTRACT & SALES
SalesNew Contract SalesNew ContractSalesNew Contract
Golden Steps to The Best 22
Description 2012 2013 Growth YoY
Total Current Assets 7.250,64 7.994,29 9,30%Total Non Current Assets 3.770,13 4.600,67 18,05%
TOTAL ASSETS 11.020,77 12.594,96 12,50%
Total Current Liabilities 6.580,33 7.298,47 9,84%Total Non Current Liabilities 1.606,14 2.069,53 22,39%
TOTAL LIABILITIES 8.186,47 9.368,00 12,61%
Share Capital 610,56 614,01 0,56%Treasury Stock 0 (10,27)Additional PIC 756,06 713,75 -5,93%Change of Equity in Subsidiaries 23,53 429,40 94,52%Retained Earning 1.204,22 1.202,09 -0,18%
Sub TOTAL EQUITY 2.594,36 2.948,96 12,02%
Non Controlling Interest 239,93 278,00 13,69%TOTAL EQUITY 2.834,30 3.226,96 12,17%
TOTAL LIABILLITIES & EQUITY 11.020,77 12.594,96 12,50%
CONSOLIDATED OF FINANCIAL POSITION 2013
Golden Steps to The Best 23
Description 1Q13 1Q14 Growth YoY
Total Current Assets 7,994.29 7,892.37 -1.27%Total Non Current Assets 4,600.67 4,975.21 8.14%
TOTAL ASSETS 12,594.96 12,867.58 2.16%
Total Current Liabilities 7,298.47 7,417.69 1.63%Total Non Current Liabilities 2,069.53 2,039.83 -1.44%
TOTAL LIABILITIES 9,368.00 9,457.52 0.96%
Share Capital 614.00 614.00 0.00%Treasury Stock -10 (10.27) 0.00%Additional PIC 713.75 713.75 0.00%Change of Equity in Subsidiaries 429.40 429.40 0.00%Retained Earning 1,202.09 1,369.61 13.94%
Sub TOTAL EQUITY 2,948.96 3,116.48 5.68%
Non Controlling Interest 278.00 293.58 5.61%TOTAL EQUITY 3,226.96 3,410.06 5.67%
TOTAL LIABILLITIES & EQUITY 12,594.96 12,867.58 2.16%
CONSOLIDATED OF FINANCIAL POSITION 1Q14
Golden Steps to The Best 24
DescriptionReceived from Customers 9.680,39 11.253,37Payment to Suppliers (8.828,93) (10.381,93
Payment for Directors and Employees (162,98) (233,39)Payment for Operating Expenses and Others (89,24) (124,53)Deposit Interest Receipt 36,49 24,11Payment of Interest (44,58) (64,03)Payment of Taxes (112,99) (184,49)CASH FLOW FROM OPERATING ACTIVITIES 478,15 289,11CASH FLOW FROM INVESTING ACTIVITIES (1.072,56) (619,87)CASH FLOW FROM FINANCING ACTIVITIES 871,06 185,31INCREASE (DECREASE) OF NET CASH & CASH
Q276,65 (145,45)
BEGINNING BALANCE OF CASH & CASH EQUIVALENT 1.255,50 1.532,15ENDING BALANCE OF CASH & CASH EQUIVALENT 1.532,15 1.386,71
CONSOLIDATED STATEMENT OF CASH FLOW 2013
Golden Steps to The Best 25
DescriptionReceived from Customers 2,300.66 2,221.67Payment to Suppliers (2,256.44) (2,276.28)Payment for Directors and Employees (48.12) (61.46)Payment for Operating Expenses and Others (34.98) (27.46)Deposit Interest Receipt 13.50 8.75Payment of Interest (1.15) (10.51)Payment of Taxes (97.52) (75.68)CASH FLOW FROM OPERATING ACTIVITIES (124.06) (220.97)CASH FLOW FROM INVESTING ACTIVITIES (298.14) (156.15)CASH FLOW FROM FINANCING ACTIVITIES 294.29 133.52INCREASE (DECREASE) OF NET CASH & CASH
Q(127.91) (243.60)
BEGINNING BALANCE OF CASH & CASH EQUIVALENT 1,499.14 1,386.71ENDING BALANCE OF CASH & CASH EQUIVALENT 1,371.23 1,143.10
CONSOLIDATED STATEMENT OF CASH FLOW 1Q14
Golden Steps to The Best 28
SHAREHOLDER’S STRUCTURE
• Over 600 institutional investors• Approximately 8,391 individual shareholder• 669 Employees and former employees are shareholders
h ld
Golden Steps to The Best
Year Net Income (IDR Bio)
EPS (IDR)
Dividend Payout Ratio
2008 156.03 26.75 30%2009 189.22 33.37 30%2010 284.92 50.15 35%2011 354.5 60.59 30%2012 457.86 76.01 30%2013 569.94 92.93 30% 29
STOCK PRICE PERFORMANCE
Golden Steps to The Best
Additional Information is available upon request. For further Information please contact:
Natal Argawan Pardede, Corporate SecretaryPhone (021) 8192808 or Facsimile (021) 8191235
Visit us: www.wika.co.id
DisclaimerThis material is for Information only, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The Information herein has been obtained from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such. Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for the use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or redistributed to others without written permission of PT Wijaya Karya (Persero) Tbk.
The End of Presentation
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