Pt Semen Indonesia (persero) Tbk · IDX:SMGR
Pt Semen Indonesia (persero) Tbk — 9M 2021 Earnings Presentation
27 slides from Pt Semen Indonesia (persero) Tbk's earnings presentation, 2021
Slide 1: PT Semen Indonesia (Persero) Tbk
PT Semen Indonesia (Persero) Tbk
Slide 2: Agenda
2 1. Supply & Demand 2 2. National Demand & Capacity Utilization 3 3. Demand Spread & Growth 4 4. National Demand Trend 5 5. Demand Drivers 6 8 1. The Largest Cement Player in Indonesia 9 2. Extensive Distribution Network 10 3. Building Material Solution Provider 11 4. 9M 2021 Financial Performance
Slide 3: National production capacity versus demand by region
National production capacity 2020 reached 115.3 million tons, while national demand was 62.7 million tons therefore create excess capacity of 52.6 million tons. Most of the cement plants are concentrated in Java which represents the largest portion of national cement consumption. Sumatera (Million T
Slide 4: Demand Growth vs. Capacity Growth and Industry Utilization Rate
9.3 17.4% 18.0% 83% 84% 84% 75% 5.5% 10.7% 82% 83% 83% 68% 68% 68% 6.1 63% 64% 5.7 3.4% 3.5% 7.6% 4.8% 73% -0.6% 66% 1.8% 4.9% 0.0% 2.7% 60% 63% 62% 2.9% 0.7% 56% 2.8 1.5 2013 2014 2015 2016 2017 2018 2019 2020 1.0 0.2 0.6 0.3 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 2012 2013 2014 2015 201
Slide 5: National cement demand growth YTD September 2021
National Bulk 22% Growth Bag Bag 6.9% National cement demand YTD September 2021 increased 78% Bulk 0.9% 5.5%. The growth was from bag demand which grew 6.9% Total 5.5% and also bulk demand which grew 0.9% up to September 2021. That was resulting higher bag demand portion to be 78% up to September 20
Slide 6: National Demand Trend: Bag and Bulk
Bag and Bulk 54% 56% 57% 58% 57% National Demand 52% National Demand 48% Trend 1st & 2nd 46% Portion Semester 18% 44% 20% 21% 43% 43% 22% 22% 23% 23% 24% 25% 42% 27% 27% Cement consumption in 29% Based on trends, national cement 38% 31% Indonesia is still dominated by 31% demand tends to be higher i
Slide 7: High population with demographic bonus and housing backlog
Male Female High population with demographic bonus 75+ 70-74 Indonesia is one of the five largest populated countries with total population of 267 million 65-69 60-64 in 2019. The population pyramid shows that most of the population is in the productive 55-59 age group. This shows the large potentia
Slide 8: Increased Infrastructure Budget
401 410 415 423 417 Increased Infrastructure Budget National cement demand, especially for the last 5 years derived more from bulk demand, especially from 317 290 the Government infrastructure projects which increase 1.5x in 2015-2019 compared to 2010-2014. 184 178 2021 Infrastructure Budget 146 114
Slide 9: The Largest Cement Player in Indonesia
The Largest Cement Extensive Building Material Strong Financial Player in Indonesia Distribution Network Solution Provider Performance With 52.6 million tons p.a SMGR managed integrated We have develop towards SMGR continuously focus on cement production capacity production and distribution becoming
Slide 10: SMGR Market Share and Capacity Share
100.0% SMGR Market Share and Capacity Share SMGR is the Market Leader in Indonesia Cement Industry with the largest market share and capacity share. With 43.6% 80.0% of capacity share in Indonesia, SMGR is able to cover more than 50% of Indonesia National demand in 2020. The 2nd tier players represe
Slide 11: Extensive Distribution Network
Grinding We are supported by integrated plants in Packing Plants Vietnam Plants 8 locations, grinding plants in 4 locations, Lhokseumawe Banjarmasin Ho Chi Minh packing plants in 26 locations, and ports Malahayati Balikpapan Dumai Belawan Samarinda Cigading in almost all of our plant locations that
Slide 12: Bag Cement and Bulk Cement
Bag Cement Multipurpose Application-based Cement bag with 6 premium Cement bag type that is more specific brands in their respective areas, for certain application, such as which are: Semen Gresik, Semen Dynamix Masonry for non-structural Padang , Semen Tonasa, application and Dynamix Extra Power Dy
Slide 13: Concrete and Other Cement Derivative Products
Concrete and Other Cement Derivative Products Small readymix trucks which able to pass Concrete solution that dries in short Concrete solution which can DekoCrete is an innovative collection of through narrower street and enable high- time, effectively reducing congestion absorb water into the groun
Slide 14: SobatBangun, Akses Toko and Official Online Store
SobatBangun Akses Toko A digital platform from SIG Semen Indonesia is committed to that is engaged with the provide the best service to our mission of developing a partners by using technology and better and more sustainable integrating all processes into one home building and solution. Distributors
Slide 15: Non-OPC products and AFR reducing clinker factor
Through developing more non-OPC products and the use of AFR from our waste management unit, we were able to decrease our average clinker factor from 81% in 2017 to 70% in 2020. Our evolution as solution provider through various SIG provides solution for industrial and innovative products and service
Slide 16: 9M 2021 Financial Performance
In 9M 2021, SIG was able to record 2.5% YoY increase in sales volume supported by positive growth of regional sales volume given the low volume of domestic demand. Through the tight cash flow management, SIG was able to prepay it’s debt resulting lower interest expense. Pr ofit abilit y (IDRBn) 9M 2
Slide 17: Sales volume, revenue, gross profit, EBITDA and net profit
Gross profit margin 29.4% EBITDA margin 22.5% Net profit margin 5.5% 2.7% decrease 2.0% decrease 0.5% decrease Sales Volume Revenue Gross Profit Volume Revenue Gross Profit Growth (%) Growth (%) Margin (%) (million ton) (IDR Bn) (IDR Bn) 60 80 50,000 80 14,000 80 12,000 65 60 40,000 60 40 10,000 50
Slide 18: Total assets, liabilities, equity and cash balance
SMGR continue to improve the cash flow management and the acceleration of interest-bearing debt repayment resulted in stronger leverage ratios. Total equity increase mainly from the proceed of the SBI rights issue conducted in July 2021. Total Assets Total Liabilitas & Temporary Syirkah Total Equity
Slide 19: Interest Bearing Debt
Dec 2 0 S ep 2 1 Currency Rupiah 99.6% 99.5% SMGR Interest Bearing Debt as of September 2021 was IDR USD 0.0% 0.0% 20.3 trillion, decrease IDR 5,477 billion from December 2020 Others 0.4% 0.5% balance. During 9M 2021 period, the Company has repaid Exclude lease liabilities the interest bearing-debt
Slide 20: Board of Commissioners
Rudiantara Nasaruddin Umar Aas Asikin Idat President Commissioner Independent Commissioner Independent Commissioner Education: Education: Education: • MBA, IPPM Jakarta (1988). • Doctorate degree, Universitas Islam Negeri • Master degree in Management, Prasetya • Bachelor degree in statistic, Univer
Slide 21: Board of Commissioners (continued)
Astera Primanto Hendrika Nora Sony Subrata Lydia Silvanna Bhakti Osloi Sinaga Commissioner Djaman Commissioner Commissioner Commissioner Education: Education: Education: Education: • Master degree in Taxation from • Master degree in Management, • Bachelor of Commerce in Marketing , • Master degree i
Slide 22: Board of Directors
Fadjar Judisiawan Hendi Prio Santoso Doddy Sulasmono Diniawan Director of Business President Director Director of Finance Strategy & Development Education: Education: Education: • Bachelor of Business Administration (B.B.A) • Master degree in Financial Management, • Master of Management from the Dou
Slide 23: Board of Directors (continued)
Benny Wendry Tri Abdisatrijo Tina T. Kemala Intan Adi Munandir Director of Production Director of Director of Human Director of Marketing & Supply Chain Resources & Legal Engineering & Project Education: Education: Education: Education: • Master degree in Management, • Bachelor of Chemical Engineeri
Slide 24: Sustainability Pillars
As a state-owned enterprise, one of our purpose is to provide lasting positive benefits for Indonesia national development, Towards becoming the leading building material solutions provider in the region, one of our missions is to maintain the sustainable environment and social responsibility in lin
Slide 25: Sustainability Target & Achievement
Despite the challenges in cement industry with overcapacity and increase competition, SIG not only able to achieve better operational and financial performance but also create sustainable value added to our stakeholders in environment management performance, health & safety, human resource, and soci
Slide 26: Important Notice Disclaimer
IMPORTANT NOTICE THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS
Slide 27: Social media contacts
@semenindonesia Semen Indonesia Semen Indonesia @semenku
PT Semen Indonesia (Persero) — 9M 2021 Earnings Presentation on 6ix