PT Nusantara Infrastructure Tbk · IDX:META

PT Nusantara Infrastructure Tbk — Investor Presentation (May 2015)

38 slides from PT Nusantara Infrastructure Tbk's investor presentation, May 12, 2015

  1. Slide 1: PT Nusantara Infrastructure Tbk. Public Expose

    PT Nusantara Infrastructure Tbk. Public Expose Jakarta, May 12th 2015 © 2015 PT Nusantara Infrastructure Tbk

  2. Slide 2: Presentation Contents

    Presentation Contents 3 Company Overview 7 Strategic Business Unit 8 Toll Sector 13 Water Sector 18 Port Sector 20 Renewable Energy Sector 23 Telco Towers Sector 28 Financial Performance 2 © 2015 PT Nusantara Infrastructure Tbk

  3. Slide 3: PT Nusantara Infrastructure Tbk Overview

    PT Nusantara Infrastructure Tbk Overview 3 © 2015 PT Nusantara Infrastructure Tbk

  4. Slide 4: Company Overview

    Company Overview  Founded through backdoor listing in 2006, PT Nusantara Infrastructure Tbk. (PTNI) is an Indonesia’s leading private infrastructure company. A o Total Assets CAGR 2006 – 2014 of 31%  IDR 4,116 Bn (1) o Total Equity CAGR 2006 – 2014 of 26%  IDR 2,405 Bn (2) o Market Capitalization

  5. Slide 5: Investment Policy & Strategy

    Investment Policy & Strategy Diversified Infrastructure Portfolio Focus Strategic Assets Stable & Growth Assets Relatively High Margin Medium – Long Term Contract 5 © 2015 PT Nusantara Infrastructure Tbk

  6. Slide 6: Corporate Structure – as of Q1 2015

    Corporate Structure – as of Q1 2015 Strategic Business Unit (SBU) - Level 74.99% 99.99% 99.99% 99.99% 99.99% Cap Asia Partnered Partnered invested in 2013 with LDC in with PEP in 2012 2014 JEXWAY partnered in 2014 Business Unit WATER TOLL ROADS PORTS ENERGY TELECOM TOWERS (BU) - Level 88.93% 98.53%

  7. Slide 7: Strategic Business Unit

    Strategic Business Unit 7 © 2015 PT Nusantara Infrastructure Tbk

  8. Slide 8: Toll Road

    Toll Road 8 © 2015 PT Nusantara Infrastructure Tbk

  9. Slide 9: Focus in Developing Strategic Roads

    Marga Utama Nusantara  Focus in Developing Strategic Roads A  Current Portfolio: 1. Harbour Road - Makassar. 2. Airport Toll Road - Makassar. 3. Commuter Road – Greater Jakarta. 4. Jakarta International Airport Road (2nd) – JORR 1. 9 © 2015 PT Nusantara Infrastructure Tbk

  10. Slide 10: Recent Updates – JLB Access

    Recent Updates – JLB Access JLB PIK & Airport Access JLB JORR W2 & Jakarta Tangerang Access PIK Area 1 JORR W2 Toll Road Direct Crossing PIK Airport Toll JSMR Area (2013) Jakarta Tangerang Toll Road JSMR 3 2 Direct Crossing to New Access Ramp to Airport JORR W2 Toll Road (2015) (2014) JLB Toll Road

  11. Slide 11: JLB Performance

    JLB Performance JLB Traffic Growth 2012 - 2014 JLB Revenue Trend (In IDR Million) YoY Growth YoY Growth YoY Growth YoY Growth 285,695 100,000 +18.8% +31.9% 300,000 +20.5% +37.8% 87,159 90,000 250,000 80,000 207,232 66,059 70,000 55,586 200,000 171,909 60,000 50,000 150,000 40,000 100,000 30,000 20,0

  12. Slide 12: Q1 2015 Performance

    Q1 2015 Performance Traffic Volume Q1 2015 YoY Growth Comparison Million of Vehicles In IDR Bn 120 1Q2014 1Q2015 100 100 100 90 84 84 80 80 69 70 70 60 60 53 53 40 50 23 24 40 20 30 0 20 Q1 2014 Q1 2015 2015F 10  Traffic volume is still showing good growth - throughout the first quarter; presenting

  13. Slide 13: MUN Performance

    MUN Performance MUN Consolidated Performance BSD Performance Operating Income Margin EBITDA Margin Operating Income Margin EBITDA Margin 100.0% 82.2% 84.0% 100.0% 82.2% 84.6% 79.0% 79.0% 80.0% 62.8% 63.1% 80.0% 62.8% 59.2% 59.2% 60.5% 60.0% 60.0% 40.0% 40.0% 20.0% 20.0% 0.0% 0.0% 2013 2014 Q1 2015 2

  14. Slide 14: Recent Updates – Jexway Partnership

    Recent Updates – Jexway Partnership Signing Ceremony at Osaka, Japan Group Photo with JEXWAY Team  In November 2014, JEXWAY joined as part of BSD shareholders.  JEXWAY will enter to a mutually beneficial cooperation agreement to ensure the business expansion of MUN, using Japanese Advance Technolo

  15. Slide 15: Water

    Water 15 © 2015 PT Nusantara Infrastructure Tbk

  16. Slide 16: Water Sector Opportunities and Current Portfolio

    POTUM  Key Opportunities:  100% access clean water (current access 58%) (1)  MDG access to 10.3 mio households (2) A  Current Portfolio: 1. Cisadane Households Project – TKCM. 2. Medan Industrial Project – DCC. 3. East Serang Project – SCTK. Source: (1) Bappenas Book 2014 (2) Bappenas RPJMN 2015

  17. Slide 17: Operational Activities – TKCM

    Operational Activities – TKCM Project Profile Water Production Capacity (liter/sec) Asset WTP 1,800 1575 1,600 Operating & Expansion 1,400 1,275 1,286 Status process 1,200 Concession 15 years (2004 – 2019) 1,000 800 600 PDAM Tangerang and Customers 400 surrounding households 200 - Water Tariff IDR 1

  18. Slide 18: Operational Activities – SCTK

    Operational Activities – SCTK Project Profile Water Production Capacity (liter/sec) Asset WTP 400 375 350 Operating & Expansion Status process 300 Concession 25 years (2013 – 2038) 250 140 industrial customers 200 Customers (incl.few households through 150 110 PDAM) 100 65 Water Tariff IDR 8,500 / m

  19. Slide 19: Operational Activities – DCC

    Operational Activities – DCC Project Profile Water Production Capacity (liter/sec) Asset WTP 250 235 Operating & Expansion Status 200 process Concession 20 years (2011 – 2031) 150 PT Kawasan Industri Medan 100 100 Customers (ditributes to 153 industrial 100 customers 50 Water Tariff IDR 5,800 / m3 0

  20. Slide 20: Q1 2015 Financial Performance

    Q1 2015 Financial Performance  Income Statement Q1 2015 YoY (Unaudited) Comparison 2015 2014 Change (Δ) In IDR Million Q1 Q1 % IDR Revenue (1) 7,203 3,719 94% 3,484 EBITDA 3,395 257 1,221% 3,145 Margin % 40% 2% Net Income* 2,893 1,502 93% 1,391 Margin % 34% 13%  Revenue increased by 94% YoY to 7,2

  21. Slide 21: Port

    Port 21 © 2015 PT Nusantara Infrastructure Tbk

  22. Slide 22: ISAB Seaport Expansion

    ISAB Seaport Expansion Tank Storage Capacity (MT) 120,000 • In 2013, Tankfarm capacity was 120,000 105,000 48,000 MT. 100,000 • By 2014 the capacity has been In Metric Ton 80,000 expanded up to 105,000 MT. 60,000 48,000 48,000 A • In 2015, this capacity will reach 40,000 120,000 MT. 20,000 14,000 -

  23. Slide 23: Renewable Energy

    Renewable Energy 23 © 2015 PT Nusantara Infrastructure Tbk

  24. Slide 24: Renewable Energy Development

    Renewable Energy Development 5 Start construction PT. 1 Inpola Meka project - Lau PT Energi Infranusantara Gunung Mini Hydro Power established 3 Plant 2 x 7.5 MW Focusing in Renewable Completed feasibility study Expected in Operation: Energy Development and design construction Mid 2016 2012 2013 201

  25. Slide 25: Project Profile – PT Inpola Meka Energy

    Project Summary Project Profile – PT Inpola Meka Energy (Mini Hydro Power Plant) Project Name : Lau Gunung • The project is expected to start Energy Type / Technology : Hydro / Run off River its operation by mid of 2016. Installed Capacity : 15 MW (2 x 7.5 MW) Annual Energy Output : 107 gWh per year

  26. Slide 26: Telecommunication Tower Sector

    Telecommunication Tower Sector 26 © 2015 PT Nusantara Infrastructure Tbk

  27. Slide 27: Company Background

    Company Background • In January 2014, PT Nusantara Infrastructure Tbk invested IDR 138 bn in equity and Providence Equity Partners financed IDR 460 bn in a loan to PT Telekom Infranusantara, which subsequently subscribed for shares in KIN. – PTTI invested IDR 500 bn as primary proceeds, while the re

  28. Slide 28: Tower Growth Evolution

    Tower Growth Evolution (Towers) # A 700 29 3 646 591 23 600 30 125 KIN Key Strategies: 500 • Focus on quality tenants underpinned by attractive long-term contracts 243 • Strong colocation potential to 400 enhance cash flows • Strong, experienced and professional management team backed up by high 300

  29. Slide 29: Revenue Breakdown Comparison FY 2014 vs. Q1 2015

    Revenue Breakdown Comparison FY 2014 vs. Q1 2015 Revenue Composition FY 2014 Revenue Composition Q1 2015 9.4% 0.7% 4.0% 0.0% 20.5% 12.0% TSEL TSEL XL 30.0% XL 16.3% ISAT ISAT Hutch Hutch Smart Smart Flexi 22.0% Flexi Internux Internux 23.8% 22.1% 17.0% 7.1% 15.0% Total Revenue Q1 2015: IDR 38.7 bn T

  30. Slide 30: 2014 Performance

    2014 Performance  Income Statement 2014 (Audited) Breakdown 140,000 132,882 120,000 100,000 In IDR Million 76,670 75,704 80,000 56,212 64,376 966 60,000 11,328 40,000 20,000 - Revenue Opex EBITDA D&A Operating Financing & Net Profit * income Others  KIN successfully booked Revenue IDR 132.8 bn in

  31. Slide 31: NI Consolidated Financial Performance 2014 & Q1 2015

    NI Consolidated Financial Performance 2014 & Q1 2015 31 © 2015 PT Nusantara Infrastructure Tbk

  32. Slide 32: NI Consolidated – 2014 Financial Highlights

    NI Consolidated – 2014 Financial Highlights  Income Statement 2014 YoY (Audited) Comparison 2014 2013 Change (Δ) In IDR Million December December % IDR Revenue 518,378 425,860 22% 92,518 Operating Income 202,417 128,474 58% 73,943 Margin % 40% 30% EBT 189,985 114,729 66% 75,256 Margin % 36% 27% EBI

  33. Slide 33: NI Consolidated – 2014 Financial Position

    NI Consolidated – 2014 Financial Position Total Assets Total Liabilities 2014  4,074,897 2014  1,709,624 Increased by 58%, Increase by 107% to driven by growth among other 58% support further 107% business growth investment sectors 2013  2,579,581 2013  823,177 Total Equity Retained Earnings 201

  34. Slide 34: NI Consolidated – Q1 2015 Financial Position

    NI Consolidated – Q1 2015 Financial Position  Financial Position and Ratios as of Q1 2015 2015 Description Q1 1. Liquidity Ratio  Current Ratio 3.44x  Cash Ratio 1.63x 2. Solvency Ratio  Debt to Equity 71%  Debt to Asset 42%  Net Debt (IDR Billion) (1) 336 3. Multiples IDR Billion ─ Market Cap

  35. Slide 35: NI Consolidated – Q1 2015 Performance

    NI Consolidated – Q1 2015 Performance  Income Statement Q1 2015 YoY Comparison In IDR Million Operating Revenue EBITDA Net Profit Income +25% YoY +70% YoY +69% YoY +95% YoY 140,000 130,665 Q1 2015 Q1 2014 120,000 104,780 100,000 84,018 80,000 62,560 60,000 49,512 40,000 32,001 26,371 20,000 15,559

  36. Slide 36: Positioning – Local Co. with Global Partners

    Positioning – Local Co. with Global Partners A  Proven track record of operating, building and acquiring strategic assets throughout Indonesia and working with foreign investors and partners, including Louis Dreyfus Commodities Holdings Limited (“LDC”), Capital Advisors Partners Asia Pte Ltd (“Cap

  37. Slide 37: Growth Strategy

    Growth Strategy Proven track records in establishing Partnership with Global Players Experience in the Development, Acquisition and Operating Infrastructure Asset Well Positioned to benefit Indonesia Infrastructures Gap 37 © 2015 PT Nusantara Infrastructure Tbk

  38. Slide 38: Thank You

    www.nusantarainfrastructure.com Thank You 38 © 2015 PT Nusantara Infrastructure Tbk

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