PT Jasa Marga (Persero) Tbk Class B · IDX:JSMR
PT Jasa Marga (Persero) Tbk Class B — H1 2023 Earnings Presentation
22 slides from PT Jasa Marga (Persero) Tbk Class B's earnings presentation, August 2023
Slide 1: Jasa Marga Update 1H2023
Jasa Marga Update 1H2023 August 2023
Slide 2: Company Overview
AUPUPR SIGAP MEMBANGUN NEGERI <A ASEAN INDONESIA 2023 @ Company Overview @€ Connecting Indonesia
Slide 3: Company Highlights
Company Highlights Brief Snapshot Company Highlights • Leading toll road operator in Indonesia with more than 40 years of • Largest toll road operator in Indonesia with 59% market share in term of experience. operated commercial toll roads lengths (± 1,260 km). • 36 toll road concessions with total
Slide 4: Company Key Development Milestone
Company Key Development Milestone 2004 The authority function was returned to the 2021 2022 Government, under ▪ Manages Positive Performance amid Spinning Off Transjawa Toll Road (4 the Ministry of Public the pandemic with revenue growth of operating segments and 9 ownership Works through Toll 22.8%
Slide 5: Company Structure & Line of Business
Company Structure & Line of Business Jasa Marga owns 36 toll road concessions which are operated at the parent and subsidiary level, and under the sub-holding PT Jasamarga Transjawa Tol. Jasa Marga has 3 Subsidiaries which focus on the toll road operation and maintenance business and 1 Subsidiary in
Slide 6: Company Toll Road Network
Company Toll Road Network Jasa Marga has 36 toll road concession (1,736 km) and operates 1,260 km of operating toll roads. Jasa Marga business are across Indonesia, where most of the toll roads already connected and create a positive impact of connectivity which are traffic and toll revenue growth.
Slide 7: Industry Overview
AUPUPR SIGAP MEMBANGUN NEGERI <A ASEAN INDONESIA 2023 @ Industry Overview @€ Connecting Indonesia
Slide 8: Overview of the Indonesian Toll Regulation
Overview of the Indonesian Toll Regulation Regulator Structure Commercially Supportive Regulations Body Role Concession Model Funding Scheme Land Acquisition Support Government of Indonesia • Long-term, 35 to 50 years To attract investor on less • Since full implementation of the • Length of concess
Slide 9: Company Update
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Slide 10: Leading Toll Road Industry
Leading Toll Road Industry Market Share Operational Highlights Operated Toll Road PT Astra Tol 1,736 km Nusantara Accumulated Toll Road Concession 9% CMNP 3% WSKT 8% ± 1,260 km Accumulated Toll Road in Operation JSMR PT Hutama 49% Karya 16% PT Nusantara Others Infrastruktur 37.05 km 4% 1% Additional
Slide 11: Financial Highlight
Financial Highlight As of 2022, Jasa Marga already divested Jakarta-Cikampek Elevated (JJC) toll road which affect the company’s YoY performance. Even though the revenue from JJC was already deconsolidated starting from 4Q22, Jasa Marga still manage to increase the revenue and recorded a boost in ne
Slide 12: Jasa Marga's Toll Road Projects
Jasa Marga’s Toll Road Projects Jasa Marga has 13 mature toll road concessions which have steady cash flow to support 23 new toll road concessions under subsidiaries by issuing several alternative financing products. Concession Periode Length Jasa Marga Section (Year) (km) Ownership Funding Structur
Slide 13: Development Focus
Development Focus New Projects To Be Completed: 5 Projects Impact of Connectivity • JSMR to focus on developing toll roads connected/that could improve connectivity to JSMR existing portfolio. • From our experience in Trans Java area, connectivity brings significant increase in terms of traffic & re
Slide 14: 5 New Toll Projects Opportunities
5 New Toll Projects Opportunities 1 | Jakarta-Cikampek II South 2 | Jogja-Bawen 3 | Jogja-Solo Region: Jakarta, Bekasi, Karawang Region: Jogja, Bawen, Purwokerto (Central Java, Yogyakarta) Region: Jogja, Bawen, Purwokerto (Central Java, Yogyakarta) ±58.8 mio1) ±40.2 mio1) ±40.2 mio1) ▪ Located along
Slide 15: Jasa Marga's Toll Upcoming Project: Greater Jakarta
Jasa Marga’s Toll Upcoming Project : Greater Jakarta 2 Projects Sukabungah - Sadang (31.25 km) Serpong – Cinere (10.14 km) Progress Land Acquisition: 94.49% Progress Land Acquisition: 100% Progress Construction: 89.56% Progress Construction: 100% *) part of Jakarta Cikampek II South (64 km) Partiall
Slide 16: Jasa Marga's Toll Upcoming Project: Java
Jasa Marga’s Toll Upcoming Project : Java 5 Projects Akses Patimban (37.05 km) Progress Land Acquisition: 17.17% Progress Construction: 0% Kediri – Kertosono (20.3 km) Progress Land Acquisition : 0.42% Progress Construction : 0% *) part of Ngawi – Kertosono – Kediri (114.92 km) Probolinggo – Besuki
Slide 17: Thank You
@ ‘ss'| DPUPR Z = BUMMNexsx... G wsamarcn Thank You ¢ | a a @2 Connecting indonesia
Slide 18: Appendix
Appendix Jasa Marga ‘@€ Connecting Indonesia
Slide 19: Financial Highlights – Income Statement
Financial Highlights – Income Statement (in billion IDR) 2018 2019 2020 2021 2022 1H2022 1H2023 ∆Rp ∆% CAGR Consolidated Financial Statement (Limited (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) (YoY) (YoY) Review) Toll Revenue 9,036 10,131 8,763 10,786 12,444 6,077 6,131 54 0.88% 8.3
Slide 20: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet (in billion IDR) 2018 2019 2020 2021 2022 1H2023 Consolidated Financial Statement (Limited ∆Rp ∆% (Audited) (Audited) (Audited) (Audited) (Audited) Review) Cash and Cash Equivalent 5,943 4,342 4,597 6,279 8,429 6,611 -1,818 -21.6% Other Current Assets 5,687 7,271
Slide 21: Financial Highlights – Revenue Breakdown
Financial Highlights – Revenue Breakdown (in billion IDR) ∆1H2022 vs. No Mature Toll Road / New Toll Road 2016 2017 2018 2019 2020 2021 2022 1H2022 1H2023 CAGR 1H2023 1 Jakarta - Bogor - Ciawi 697.0 874.0 816.4 877.5 811.7 941.5 1,029.5 496.4 542.8 9.4% 6.7% 2 Jakarta - Cikampek 1,232.5 1,265.7 1,15
Slide 22: Operational Highlights – Traffic Breakdown
Operational Highlights – Traffic Breakdown (in million vehicles) ∆1H2022 vs. CAGR No Mature Toll Road / New Toll Road 2016 2017 2018 2019 2020 2021 2022 1H2022 1H2023 1H2023 1 Jakarta - Bogor - Ciawi * 207.7 189.5 148.5 151.9 123.1 131.4 145.9 70.4 73.9 5.0% -5.7% 2 Jakarta - Cikampek * 221.7 205.5
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