PT Indocement Tunggal Prakarsa Tbk · IDX:INTP

PT Indocement Tunggal Prakarsa Tbk — H1 2014 Earnings Presentation

10 slides from PT Indocement Tunggal Prakarsa Tbk's earnings presentation, August 2014

  1. Slide 1: Half Year Results 2014

    Half Year Results 2014 August 2014

  2. Slide 2: Domestic consumption growth per region – June 2014

    Domestic consumption growth per region – June 2014 Market Growth: 10-15% 15-20% 5-10% >20% <5% Slide 2 - Half Year Results 2014

  3. Slide 3: Sales Volumes

    Sales Volumes Domestic Sales Volume In thousand tons Export Sales Volume In thousand tons 10,000 2012 2013 2014 2.7% 100 9,000 2012 2013 2014 8,000 80 7,000 60 6,000 40 5,000 1.8% 20 4,000 39 10 17 57 77 42 4,132 4,219 4,296 8,690 8,734 8,972 0 3,000 Q1 Q2 Q1 Q2  Domestic sales volume up  RMC sale

  4. Slide 4: Consolidated Income Statement

    Consolidated Income Statement H1 2014 H1 2013 Change Sales Volume (k Tons) 9,014 8,811 2% In Billion IDR Net Revenues 9,498.59 8,917.70 7% Cost of Revenues -5,294.85 -4,693.70 13% Gross Profit 4,203.75 4,224.00 -0.5% as % of Net Revenues 44.3% 47.4% Operating Expenses -1,503.21 -1,268.60 18% Other O

  5. Slide 5: Operating Income / EBITDA

    Operating Income / EBITDA Operating Income Margin Operating Income 35% 34.0% In IDR million 33.5% 33.6% 33.2% 33% 32.5% 32.4% 32.4% 3,500 31.7% 2,998 3,000 2,663 2,767 31% 2,500 29.1% 29% 2,000 1,365 27.0% 1,500 1,220 1,216 27% 1,000 25% 500 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 - 2012 201

  6. Slide 6: Manufacturing Costs

    Manufacturing Costs Dependent on following macroeconomic drivers: 1. Exchange rate Development of IDR vs. USD  Approximately 50-60% of costs related Manufacturing Cost at Indocement to foreign currency such as: Fuels, Materials and Manufacturing Fuels Overheads 20% Electricity 27% 2. Coal price  I

  7. Slide 7: Electricity Consumption

    Electricity Consumption Electricity Mix at Indocement 35-40% PLN 60-65% Non-PLN  Gas Turbine  Coal fired power plant  Dual Engine  Announced electricity price increase results in additional cost of 5%- 10% depending on electricity mix used Slide 7 - Half Year Results 2014

  8. Slide 8: Operational efficiency improvements

    Operational efficiency improvements 1 New vertical raw mill  Capacity: 1.9m tons  In operation since May  Lower energy consumption compared to other mills  Lower clinker ratio possible due to distinct technical specifications of the VRM  Capable to grind the slag in significant amount 2 Slag co

  9. Slide 9: Potential Capacity Increase

    Potential Capacity Increase North Sumatra 2018: Greenfield 2.5-3m tons Investment: 200-250 USD/ton Tarjun 2014: 2.6m tons Citeureup Cirebon 2014: 13.8m tons 2015: Brownfield 4.4m tons 2014: 4.1m tons Central Java Investment: USD 150/ton 2018: Greenfield 2.5-3m tons Investment: 200-250 USD/ton Slide

  10. Slide 10: Outlook for Year-end 2014

    Outlook for Year-end 2014 Market Environment • National market 2014 still estimated to grow about 5% • Infrastructure projects expected to pick-up with the election of the new government • Changing market environment as new competitors are entering the market • Hike in electricity costs will hamper

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