PT Waskita Beton Precast Tbk · IDX:WSBP
PT Waskita Beton Precast Tbk — Corporate Update (October 2023)
23 slides from PT Waskita Beton Precast Tbk's corporate update, October 2023
Slide 1: Company Update
Company Update PT Waskita Beton Precast Tbk October 2023
Slide 2: Contents
Contents 1. Update for Financial Restructurisation 2. 9M2023 Performances 3. Investment Thesis, Market Expansion, & Innovation Strategy 4. Optimizing Programs PT Waskita Beton Precast Tbk
Slide 3: Transformation of WSBP's Vision and Mission
Transformation of WSBP's Vision and Mission Vision : Become a Trusted Partner in integrated Concrete, Construction and Modular Industry in Indonesia Mision : 1. Becoming an One Stop Solution in integrated Concrete Industry, Construction and Modular as well as Supporting Equipment according to custom
Slide 4: Update for Financial Restructurisation
Update for Financial Restructurisation Spun Pile PT Waskita Beton Precast Tbk 4
Slide 5: WSBP restructuring scheme provides opportunities for operational and financial recoveries
WSBP restructuring scheme provides opportunities for operational and financial recoveries… Banks Vendor / Supplier Bondholders and Other Creditors Tranche A Tranche D – Debt to Tranche C – Mandatory Tranche B - CFADS Tranche B - CFADS Long Term Loan (LTL) Equity Conversion Convertible Bonds Long Ter
Slide 6: Progress Update for WSBP's CFADS Phase I & Debt Conversion Phase I
Progress Update for WSBP’s CFADS Phase I & Debt Conversion Phase I… 20 September 2022 23 June 2023 28 July 2023 8 August 2023 Information Disclosure Information Disclosure Composition Plan 45 Days of VWAP Cut of Debt to Equity Result of Debt to Equity Homologated (Inkracht) off Date Conversion Phase
Slide 7: Financial restructuring will bring beneficial impacts on WSBP Performance and Fundamentals
Financial restructuring will bring beneficial impacts on WSBP Performance and Fundamentals… CFADS Vendors • Provide WSBP with a much-needed flexibility on cashflow management ~ 500 Bn • WSBP will be able to utilize its liquidity for working capital, thus accelerating recovery +250 2,2 Tn Conversion
Slide 8: Business Restructurisation has proceeded according to the Composition Plan
Business Restructurisation has proceeded according to the Composition Plan.. Has successfully completed debt conversion phase 1 on 4th August 2023 Debt Conversion Phase I WSBP’s Stock Can be effectively traded on 8th August VWAP Price 45 days: 2023 IDR1.4 Trillion IDR50.81 per shares 28,1 Billion Sh
Slide 9: WSBP Has Issued 28 Billion New Shares after Converting Debt to Equity
WSBP Has Issued 28 Billion New Shares after Converting Debt to Equity… Capital Structure after Debt Conversion Before Conversion After Conversion WSKT Series A, B&C 29,36% Public 33.00% WSKT Cooperative Public Series 0.00% WSKT B&C 59.99% 67.26% Treasury Shares Treasury 3.38% Shares 7.00% WSKT Coope
Slide 10: Updates on Mandatory Convertible Bonds
Updates on Mandatory Convertible Bonds The conversion of Mandatory Convertible Bonds will take place in 2023 Bondholders 85% of the total Bonds Total : 107 will be converted WSBP Shares • Obligasi Waskita Beton • Obligasi Wajib Konversi I Will be converted Precast I Tahun 2022 IDR Tahun 2023 IDR 457
Slide 11: 9M2023 Performance
9M2023 Performance Tetrapod PT Waskita Beton Precast Tbk 11
Slide 12: Prudent in project selection, WSBP managed to gain sizeable new contracts
Prudent in project selection, WSBP managed to gain sizeable new contracts… Sizeable new contracts with sustainable improvement of tender. 9M2023 New Contract Segmentation by Customers winning rate 1% External project grow significantly during a year.. 39% Private SOE 24% 61% Government 76% Win Rate
Slide 13: Readymix Products Become WSBP's Leading One in Supporting Business Income
Readymix Products Become WSBP's Leading One in Supporting Business Income in 3rd Quarter on 2023... Readymix's portion of business income dominates overall Projects done with Readymix Products business income Precast 40% Readymix Tollroad Project Ciawi – Sukabumi Tollroad Project South Jakarta 55% S
Slide 14: WSBP Project Progress Updates
WSBP Project Progress Updates… The National Capital (IKN) Dukuh Atas, Jakarta 55,80% Presidential Secretariat Building Project 28,29% 80,20% 96,37% Tempadung Intersection - Balang Island Construction of Sepaku Ring Road Multi-Purpose Pedestrian Bridge Project Bridge Project Segment 4 Project Sumbawa
Slide 15: Financial Performance 1H2022
Financial Performance 1H2022 In Trillions IDR Revenues Totak Assets 15.35 2.21 2.06 10.20 1.38 8.58 1.10 6.88 6.51 5.96 5.35 0.74 0.64 0.41 1H20 2020A 1H21 2021A 1H22 2022A 1H23 1H20 2020A 1H21 2021A 1H22 2022A 1H23 Liabilities Equity 9.46 9.19 9.66 6.91 8.44 8.06 7.86 7.72 1.00 -0.87 1H20 2020A 1H2
Slide 16: Investment Thesis, Market Expansion & Innovation
Investment Thesis, Market Expansion & Innovation CCSP (Corrugarted Concrete Sheet Pile) PT Waskita Beton Precast Tbk 16
Slide 17: Proven Track Record in Winning Major Infrastructure Projects
Proven Track Record in Winning Major Infrastructure Projects… Thilawa Shipyard Myanmar Pejagan - Pemalang Toll Road Pemalang - Batang Toll Road RDMP RU V Balikpapan Light Rail Transit Palembang Kayu Agung - Palembang - Betung Toll Road Bekasi - Cawang - Kp Melayu Toll Road Patimban Port Cimanggis -
Slide 18: Well maintained Production Facilities & Equipment enable broader market potentials
Well maintained Production Facilities & Equipment enable WSBP to reach broader market potentials… ≈ • 9 Precast Plants • 3,7 million tons / year Sumatera (Production Capacity) Gasing (725.000 tons) • 23 Readymix Batching Plants Central Java • Distributed near Project Sites Klaten (225.000 tons) • 2
Slide 19: Bigger marketing channels to reach broader customers
Bigger marketing channels to reach broader customers… Spread over several sales areas to emphasize focus on the eastern part of Indonesia Sales Area 1 Sales Area 4 Palembang, Aceh, Riau Islands, Bangka Belitung, Balikpapan & Kalimantan Jambi, Bengkulu, Island Lampung, North Sales Area 5 100 + Sumate
Slide 20: New innovative products through intensive research of customers' needs
New innovative products through intensive research of customers’ needs… SprigWP Waskita Instant Building Waskita Instant Home Waskita Precast Rigid Pavement System Prefabricated concrete modular building Prefabricated concrete modular house (low primarily used for toll roads construction (high rise)
Slide 21: Optimizing Programs
Optimizing Programs Half Slab PT Waskita Beton Precast Tbk 21
Slide 22: Centralized precast production in main Plants with largest capacity
Centralized precast production in 4 main Plants with largest capacity… Banten Bojonegara (475.000 tons) Sumatera Gasing (725.000 tons) West Java Karawang (525.000 tons) East Java Prambon (425.000 tons) Utilizing Bojonegara, Karawang, Prambon Optimizing plants which integrated with and Gasing plants
Slide 23: Thank You
Thank You PT Waskita Beton Precast Tbk Kantor Pusat: Gedung Vasaka lt 5 Jl. MT Haryono Kav. No. 10A, Cawang, Jakarta Timur, 13340 T (+6221) 2289 2999, 2983 8020 @waskitaprecast waskitaprecast.co.id eproc.waskitaprecast.co.id F (+6221) 2983 8025 @waskitaprecast investor.waskitaprecast.co.id BelajarBe
PT Waskita Beton Precast — Corporate Update (October 2023) on 6ix