Pt Wijaya Karya Beton Tbk · IDX:WTON

Pt Wijaya Karya Beton Tbk — Q2 2017 Earnings Presentation

60 slides from Pt Wijaya Karya Beton Tbk's earnings presentation, 2017

  1. Slide 1: PT Wijaya Karya Beton Tbk 2Q 2017

    PT Wijaya Karya Beton Tbk 2Q 2017 1

  2. Slide 2: Disclaimer

    DISCLAIMER The information that follows is a presentation of general background information about PT Wijaya Karya Beton Tbk (the “Company” or “WIKA Beton”) prepared by the Company. This presentation has been prepared for information purposes only. None of the information appearing in this presentati

  3. Slide 3: Table of Contents

    TABLE OF CONTENTS 1 COMPANY PROFILE 2 INDUSTRY OVERVIEW 3 BUSINESS OVERVIEW 4 FINANCIAL HIGHLIGHT 5 COMPANY UPDATES www.wika-beton.co.id 3 Innovation and Trust

  4. Slide 4: Company Profile

    @uABETON COMPANY PROFILE

  5. Slide 5: Vision, Mission & Core Value

    VISION, MISSION & CORE VALUE VISION MISSION “To be the foremost precast concrete company in  Providing excellent & competitive products and services in EPI engineering, production, and installation (EPI) In and fulfill the expectation of customers. Southeast Asia.”  Providing added value through b

  6. Slide 6: Key Milestone (1/2)

    KEY MILESTONE (1/2) WIKA Beton as Division of WIKA 1988 • Established new concrete factory in Binjai, North Sumatera (6th factory). • New products: bridge and drainage concretes. 1981 - 1984 • Established new concrete factories in Pasuruan (2nd factory), Boyolali (3rd factory), and Majalengka (4th f

  7. Slide 7: Key Milestone (2/2)

    2016 • Starting Readymix KEY MILESTONE (2/2) Concrete Bussiness . • Established associate WIKA Beton as Subsidiary of WIKA company, WIKA Pracetak Gedung. • Launching PC WALL with length up to 2014 24.6 m • Listed company at IDX 08 April 2014. • Aquisition PT Citra Lautan Teduh in Batam. • Unit Inner

  8. Slide 8: Corporate Structure (1/2)

    CORPORATE STRUCTURE (1/2) WTON WTON WTON 51.0% 99.5% 60.0% Associate Company WTON 49.0% www.wika-beton.co.id 8 Innovation and Trust

  9. Slide 9: Corporate Structure (2/2)

    CORPORATE STRUCTURE (2/2) 11.22% 0.99% 7.12% 0.99% 4.33% 4.33% PT Wijaya Karya (Persero) Tbk Koperasi Karya Mitra Satya 27.55% Yayasan Wijaya Karya 8 April 2014 23.47% Treasury Stock 30 Jun 2017 (IPO) Public 60.00% 60% Foreign Local 33.0% 26.0% 19.7% 17.7% 17.5% 29.1% 16.5% 19.4% 19.5% 18.9% 19.8% 1

  10. Slide 10: Management Team

    MANAGEMENT TEAM Board of Commissioners President Commissioner Gandira Gutawa Sumapraja Commissioner A. Boediono Commissioner Tumik Kristianingsih Board of Directors Commissioner Herry Trisaputra Zuna President Director Hadian Pramudita Independent Commissioner Asfiah Mahdiani Director Mohammad Syafi

  11. Slide 11: Coverage Area

    COVERAGE AREA 14 FACTORIES, 1 MOBILE FACTORY, 6 SALES AREAS & 2 REPRESENTATIVE OFFICES, 3 SUBSIDIARIES, 3 QUARRIES, 1 ASSOCIATE COMPANY Installed Production Capacity is 2.7 million ton per year www.wika-beton.co.id 11 Innovation and Trust

  12. Slide 12: Production Facilities

    PRODUCTION FACILITIES PRODUCTION FACTORY LAND AREA LINES North Sumatera 5.0 Ha 6 Lampung 6.1 Ha 5 South Lampung 27.3 Ha 3 Bogor 13.2 Ha 8 Karawang 13.8 Ha 4 Subang (Dec 2016) 50.0 Ha 2 Majalengka 6.5 Ha 3 4.1 Ha 6 Boyolali 6.9 Ha 5 BATCHING PLANT Pasuruan 1 Pasuruan 2 6.0 Ha 2 46 UNIT South Sulawesi

  13. Slide 13: Continuous Innovation

    CONTINUOUS INNOVATION 10 12 2016 2014 8 PC Cylinder Piles with diameter up • Launching track slab for railway 2009 to 2,000mm and maximum length • Launching Circular Box Girder 6 2004 The first manufacturer to produce PC of 60 meter.Inner Boring System with length up to 80 m The first to produce Big

  14. Slide 14: Type of Product (1/3)

    TYPE OF PRODUCT (1/3) PC POLES PC PILES CONCRETE BRIDGE PC WALL TUNNEL HOLLOW CORE SLAB www.wika-beton.co.id 14 Innovation and Trust

  15. Slide 15: Type of Product (2/3)

    TYPE OF PRODUCT (2/3) RAILWAY SLEEPERS HYDRO STRUCTURE BUILDING & HOUSING MARINE STRUCTURE RETAINING WALL CYLINDER PILES www.wika-beton.co.id 15 Innovation and Trust

  16. Slide 16: Type of Product (3/3)

    TYPE OF PRODUCT (3/3) QUARRY & CRUSHING PLANT POST TENSION INNERBORE www.wika-beton.co.id 16 Innovation and Trust

  17. Slide 17: Industry Overview

    @uABETON 2 INDUSTRY OVERVIEW

  18. Slide 18: Innovation and Trust

    www.wika-beton.co.id 18 Innovation and Trust

  19. Slide 19: Infrastructure Investment Requirement 2015-2019

    INFRASTRUCTURE INVESTMENT REQUIREMENT 2015-2019 LOCAL STATE STATE PRIVATE SECTOR GOVERNMENT OWNED TOTAL BUDGET1 LOCAL3 BUDGET ENTERPRISE2 Road 340.0 200.0 65.0 200.0 805.0 Railway 150.0 - 11.0 122.0 283.0 Sea Transportation4 498.0 - 238.2 163.8 900.0 Air Transportation 85.0 5.0 50.0 25.0 165.0 Land

  20. Slide 20: Business Overview

    @uABETON E} BUSINESS OVERVIEW

  21. Slide 21: Largest Capacity and Leading Market Share

    LARGEST CAPACITY and LEADING MARKET SHARE  Based on internal research, in 2015, there are 23 precast concrete production facilities in Indonesia with total production capacity of 6.5 million ton per year.  WIKA Beton has the biggest production capacity with 35.6% of total production capacity in In

  22. Slide 22: Production Capacity 2008-2018

    PRODUCTION CAPACITY 2008-2018  Currently, WIKA Beton’s installed production capacity is approximately 2,7 million ton per year.  WIKA Beton’s installed production capacity is expected to grow 210% from 2008 – 2018. Installed Production Capacity (Million Ton per Year) 3.3 3.0 2.7 2.5 2.3 2.2 2.0 1.

  23. Slide 23: Customers' Profile

    CUSTOMERS’ PROFILE Customers’ Profile Based on Line of Business in  Based on line of business, Infrastructure sector contributed 2Q 2017 (Percentage of New Contract) 72.8% of total WIKA Beton’s new contract in 2016.  Based on customers’ ownership, private – local companies Property, contributed 43

  24. Slide 24: Financial Highlight

    @uABETON 4 FINANCIAL HIGHLIGHT

  25. Slide 25: Order Book & Revenue

    ORDER BOOK & REVENUE Total Order Book Vs. Revenue (IDR Million) Order Book 2016 7.517.708 Order Book 2017 6.946.799 New Order Book 2017 Order Book 2,993,638 Order Book Order 2013 2015 Book 2014 4.279.812 Order Book 4.303.959 4.236.771 2012 3.693.809 2012 2013 2014 2015 2016 2Q 2017 www.wika-beton.co

  26. Slide 26: Revenue Contribution

    REVENUE CONTRIBUTION 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 Services 0.9% 0.7% 0.8% 1.5% 2.3% 3.8% 3% 7% Non Centrifugal Product 27.2% 31.2% 38.7% 29.1% 36.9% 41.6% 44% 36% Centrifugal Product 71.9% 68.2% 60.5% 69.4% 60.8% 54.5% 53% 57% Centrifugal Product Non Centrifugal Product Services www

  27. Slide 27: Usage IPO Proceed

    USAGE IPO PROCEED In IDR Billion Budget Progress on 30th No Subject Allocation Jun 2017 A BUSINESS EXPANSION (85%) 1 Processing of natural materials quarry in Cigudeg, Donggala, Boyolali and South Lampung. 11% 106.7 2 Development of New Factories in South Lampung, Pasuruan, and Kalimantan. 34% 403.7

  28. Slide 28: Summary of Income Statement

    SUMMARY OF INCOME STATEMENT Revenue (IDR bn) Gross Profit (IDR bn) 3,482 487 504 3,277 2,644 2,653 388 329 2,031 2,007 265 274 1,635 1,518 206 200 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 Operating Profit (IDR bn) Net Profit (IDR bn) 322 409 408 282

  29. Slide 29: Summary of Balance Sheet

    SUMMARY OF BALANCE SHEET Assets (IDR bn) Liabilities (IDR bn) 3,409 5,956 4,456 4,662 4,304 2,187 2,193 2,172 3,802 1,976 1,797 2,917 1,577 2,401 1,409 1,839 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 Equity (IDR bn) Current Ratio (x) & Quick Ratio (x

  30. Slide 30: Financial Ratio & Profitability (1/2)

    FINANCIAL RATIO & PROFITABILITY (1/2) 14.7 14.9 14.5 13.1 13.2 13.7 12.6 12.7 12.5 12.4 11.4 11.7 10.3 10.3 10.8 10.5 10.9 9.8 8.7 8.8 8.8 9.1 9.0 8.4 8.1 7.6 6.4 6.5 6.9 5.8 2009 2010 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin

  31. Slide 31: Financial Ratio & Profitability (2/2)

    FINANCIAL RATIO & PROFITABILITY (2/2) Debt To Equity Ratio (DER) 3.3 3.0 3.0 Gearing Ratio (Equity) 0.8 1.3 1.0 0.9 0.74 0.7 0.41 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 0.27 0.27 0.24 0.26 0.04 0.03 2011 2012 2013 2014 2015 2016 2Q 2016 2Q 2017 www.wika-beton.co.id 31 Innovation and Trust

  32. Slide 32: Statement of Consolidated Cash Flow

    STATEMENT OF CONSOLIDATED CASH FLOW (IDR Million) Description 2011 2012 2013 2014 2015 2016 2Q 2017 Operating Activities 135,160 293,848 123,764 192,010 458,415 (79,247) (175,535) Investing Activities (162,239) (174,250) (454,305) (790,214) (472,119) (482,388) (280,475) Financing Activities (34,141)

  33. Slide 33: Company Updates

    @uABETON &} company UPDATES

  34. Slide 34: Analyst Report

    ANALYST REPORT Target Price No Analyst Company Recommendation Date (IDR) 1 Maria Renata Danareksa Sekuritas 1,100 Buy 30 Mar 2017 2 Maxi Liesyaputra BNI Securities 1,020 Buy 14 Mar 2017 3 Akhmad Nurcahyadi Samuel Sekuritas 1,150 Buy 17 Feb 2017 4 Ari Jahja Credit Suisse 1,085 Buy 16 Feb 2017 5 Danny

  35. Slide 35: Stock Performance

    STOCK PERFORMANCE PRICE VOLUME (IDR) (Million) www.wika-beton.co.id 35 Innovation and Trust

  36. Slide 36: Elevated Railway Project – North Sumatera

    COMPANY UPDATES A. ELEVATED RAILWAY PROJECT – NORTH SUMATERA www.wika-beton.co.id 36 Innovation and Trust

  37. Slide 37: Elevated Railway Project – North Sumatera

    COMPANY UPDATES A. ELEVATED RAILWAY PROJECT – NORTH SUMATERA www.wika-beton.co.id 37 Innovation and Trust

  38. Slide 38: Semanggi Flyover Revitalization Project - Jakarta

    COMPANY UPDATES B. SEMANGGI FLYOVER REVITALIZATION PROJECT - JAKARTA www.wika-beton.co.id 38 Innovation and Trust

  39. Slide 39: Semanggi Flyover Revitalization Project - Jakarta

    COMPANY UPDATES B. SEMANGGI FLYOVER REVITALIZATION PROJECT - JAKARTA www.wika-beton.co.id 39 Innovation and Trust

  40. Slide 40: MRT Project

    COMPANY UPDATES C. MRT PROJECT www.wika-beton.co.id 40 Innovation and Trust

  41. Slide 41: Trans Sulawesi Railway Project

    COMPANY UPDATES D. TRANS SULAWESI RAILWAY PROJECT www.wika-beton.co.id 41 Innovation and Trust

  42. Slide 42: JLNT Ciledug Project

    COMPANY UPDATES E. JLNT CILEDUG PROJECT www.wika-beton.co.id 42 Innovation and Trust

  43. Slide 43: Automated People Mover System (APMS), Jakarta

    COMPANY UPDATES F. AUTOMATED PEOPLE MOVER SYSTEM (APMS), JAKARTA www.wika-beton.co.id 43 Innovation and Trust

  44. Slide 44: Teluk Lamong Project, East Java

    COMPANY UPDATES G. TELUK LAMONG PROJECT, EAST JAVA www.wika-beton.co.id 44 Innovation and Trust

  45. Slide 45: Quarry Cigudeg – West Java

    COMPANY UPDATES H. QUARRY CIGUDEG – WEST JAVA • Land area 36,7 Ha • Project’s working time 6 months • Prod Capacity 350 ton per hour • Starting operation on 29 Jan 2015 • Initial Investment : Rp 113bn www.wika-beton.co.id 45 Innovation and Trust

  46. Slide 46: South Lampung Factory (1/2)

    COMPANY UPDATES I. SOUTH LAMPUNG FACTORY (1/2) • Land area 67 Ha - Quarry 41 Ha - Plant Area 26 Ha • Production Facility: 2 Plants Cylinder Pile dia up to 2 meters, Lenght up to 100 meters. • Equipped with JETTY facility up to DWT 8.000. www.wika-beton.co.id 46 Innovation and Trust

  47. Slide 47: South Lampung Factory (2/2)

    COMPANY UPDATES I. SOUTH LAMPUNG FACTORY (2/2) www.wika-beton.co.id 47 Innovation and Trust

  48. Slide 48: Carolus Hospital Project (1/2)

    COMPANY UPDATES J. CAROLUS HOSPITAL PROJECT (1/2) www.wika-beton.co.id 48 Innovation and Trust

  49. Slide 49: Carolus Hospital Project (2/2)

    COMPANY UPDATES J. CAROLUS HOSPITAL PROJECT (2/2) www.wika-beton.co.id 49 Innovation and Trust

  50. Slide 50: North Jakarta Coastal Protection Project

    COMPANY UPDATES K. NORTH JAKARTA COASTAL PROTECTION PROJECT www.wika-beton.co.id 50 Innovation and Trust

  51. Slide 51: Manado Interchange Project

    COMPANY UPDATES L. MANADO INTERCHANGE PROJECT www.wika-beton.co.id 51 Innovation and Trust

  52. Slide 52: Holtecamp Bridge Project - Jayapura

    COMPANY UPDATES M. HOLTECAMP BRIDGE PROJECT - JAYAPURA www.wika-beton.co.id 52 Innovation and Trust

  53. Slide 53: Established Associate Company

    COMPANY UPDATES N. ESTABLISHED ASSOCIATE COMPANY www.wika-beton.co.id 53 Innovation and Trust

  54. Slide 54: Subang Factory

    COMPANY UPDATES O. SUBANG FACTORY www.wika-beton.co.id 54 Innovation and Trust

  55. Slide 55: The Hive Office - Jakarta

    COMPANY UPDATES P. THE HIVE OFFICE - JAKARTA www.wika-beton.co.id 55 Innovation and Trust

  56. Slide 56: LRT Kelapa Gading Project - Jakarta

    COMPANY UPDATES Q. LRT KELAPA GADING PROJECT - JAKARTA www.wika-beton.co.id 56 Innovation and Trust

  57. Slide 57: Awards & Achievement (1/2)

    AWARDS & ACHIEVEMENT (1/2) The Best in Building and Managing Corporate Image 2016 & 2017 Fastest Growing Issuer from 2016 - Cement Category Tempo Group & Frontier from Majalah Warta Ekonomi Indonesia Most Valuable Indonesian Brands 2016 Top 50 Public Companies from from Brand Finance Plc Indonesian

  58. Slide 58: Awards & Achievement (2/2)

    AWARDS & ACHIEVEMENT (1/2) Rating History : July 2013 idA+/Stable * July 2014 idA+/Stable * July 2015 idA+/Stable July 2016 idA+/Stable for corporate and *MTN Morgan Stanley Capital Index Started on 07 Nov 2014 - now August 2015 – January 2016 www.wika-beton.co.id 58 Innovation and Trust

  59. Slide 59: End of Presentation

    END OF PRESENTATION 59

  60. Slide 60: PT Wijaya Karya Beton Tbk

    PT WIJAYA KARYA BETON Tbk Head Office |. Raya Jatiwaringin no. 54 Pondok Gede-Bekasi 17411 Contact Information Phone (+6221) 84973363 Fax (+6221) 84973391, 84973392 Email wbcc@wika-beton.co.id marketing@wika-beton.co.id 60

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