Pt Waskita Beton Precast Tbk · IDX:WSBP

Pt Waskita Beton Precast Tbk — FY2017 Earnings Presentation

24 slides from Pt Waskita Beton Precast Tbk's earnings presentation, 2018

  1. Slide 1: Company Update 4Q 2017

    Company Update PT. WASKITA BETON PRECAST, Tbk 4Q, 2017 1

  2. Slide 2: Who We Are

    Who We Are Karawang Plant (2016) 2

  3. Slide 3: Organization Structure

    Organization Structure PT Waskita Karya (Persero) Tbk 59,99% 72,63% 99,99% 99,99% PT Waskita Beton PT Waskita Toll PT Waskita PT Waskita Precast Tbk Road Karya Realty Karya Energi 3

  4. Slide 4: We have grown significantly since our first inception in 2013

    We have grown significantly since our first inception in 2013 IPO PT Waskita Beton Precast Tbk Establishment of PT Waskita September 2016 Beton Precast as subsidiary MSCI LQ-45 October 2014 May 2017 January 2018 Public 59.99% 40.01% Buyback 7% Establishment of Jul – Dec 2017 Precast Division 2018 Pr

  5. Slide 5: Our main products are Precast and Readymix Concrete

    Our main products are Precast and Readymix Concrete Construction Services 26% Precast Readymix 31% 43% Plant (11) Batching Plant (68) SOUTH SUMATERA CENTRAL JAVA JABODETABEK 1. Bandaragung 1. Masaran 1. Becakayu Cibitung Sidoarjo 2. Bumi Harapan 2. Kebonromo 2. Cakung (350,000 ton) (400,000 ton) 3.

  6. Slide 6: Readymix Products

    We have developed a number of Product Lineup BOX GIRDER PCT GIRDER PCI GIRDER SQUARE PILE SPUN PILE 60cm SPUN PILE 1,2m Precast Products RC PLATE BARRIER FULL SLAB HALF SLAB PCU GIRDER VOIDED SLAB U DITCH CCSP L GUTTER FCSP U GUTTER DIAFRAGMA WALL Readymix Products K100 – K800 6

  7. Slide 7: Capacity expansion ensures our future growth

    Capacity expansion ensures our future growth Precast Volume Production Precast Capacity & Utility 3,500,000 80% 3,000,000 ‘14-’17 ‘14-’17 70% CAGR 60% 70% CAGR 64% 2,056,983 2,500,000 64% 2,000,000 1,561,229 58% 60% 3,250,000 1,500,000 2,650,000 1,160,000 1,000,000 1,800,000 50% 500,000 463,200 800,

  8. Slide 8: Our Competitive Edge

    Our Competitive Edge Cimanggis – Cibitung Tollroad (October - 2017) 8

  9. Slide 9: Synergy with WSKT Group has given us competitive advantages

    VERTICAL INTEGRATION Synergy with WSKT Group has given us competitive advantages Tahun 2014 2015 2016 2017 2018F (IDR) 4.1 T 2.6 T 12.2 T 11 T POTENTIALS Bekasi-Cawang-Kp.Melayu Pejagan Pemalang Pejagan Pemalang (Seksi 4) Cinere -Serpong Tol Malang - Kepanjen (Becakayu Seksi 1-2) (Seksi 3) Pejagan P

  10. Slide 10: Obtains higher marketing performance (1/2)

    Obtains higher marketing performance (1/2) New Contract Achievement (In Rp Billion) 12,227 11,032 4,099 2,655 2014 2015 2016 2017 Total New Contract Total New Contract • New Contract per December 2017: Rp 11.03 T • Contracts mainly supported by business development projects (Toll-Road) • Business de

  11. Slide 11: Obtains higher marketing performance (2/2)

    Obtains higher marketing performance (2/2) Total Order Book (In Rp Billion) 21,208 15,051 5,871 4,408 2014 2015 2016 2017 • Orderbook as per December 2017: Rp 21.21 Tn (including Carryover 2016 of Rp 10.2 Tn) • 2017 orderbook has achieved 141% of 2016 value 11

  12. Slide 12: These competitive edges are reflected in our contract achievement

    These competitive edges are reflected in our contract achievement No Project in 2017 Value (Rp Bn) 1 Tol Batang - Semarang seksi 1-5, Precast & Readymix 1,651.46 2 Tol Pematang Panggang - Kayu Agung, Readymix, PCI Girder, Spun pile, Full Slab 1,436.36 3 Tol Krian-Legundi Bunder-Manyar, Readymix, PCI

  13. Slide 13: Efficiencies are pushed forward to support better margin

    HORIZONTAL INTEGRATION Efficiencies are pushed forward to support better margin Quarry Mixer Truck Location Bojanegara, Cilegon We own majority of our Mixer Pasuruan, Lumbang Trucks in operation for Readymix Concrete to provide better Rumpin, Bogor operating margin Salatiga, Boyolali Talun, Pekalong

  14. Slide 14: Performance Delivered

    Performance Delivered LRT Palembang (2017) 14

  15. Slide 15: Major Contracts Progress

    Major Contracts Progress Becakayu LRT Palembang (94.8%) (90.2%) Jakarta – Cikampek Legundi – Bunder Elevated (48.8%) (19.9%) Solo Kertosono CCTW I & II (82.5%) (26.4%) Bogor – Ciawi – Semarang – Batang Sukabumi (46.3%) (7.6%) 15

  16. Slide 16: Balance Sheet Position

    Balance Sheet Position (in IDR Billion) Total Asset Total Liabilities 14,920 CAGR 13,734 CAGR 7,603 131% 148% 6,329 4,332 3,002 1,203 500 2014A 2015A 2016A 2017A 2014A 2015A 2016A 2017A Total Equity Interest Bearing Debt CAGR 118% 7,317 4,988 7,406 3,356 702 1,331 761 - 2014A 2015A 2016A 2017A 2014A

  17. Slide 17: Profit and Loss Statements

    Profit and Loss Statements (in IDR Billion) Revenues Cost of Revenues 7,104 5,156 CAGR CAGR 123% 4,717 118% 3,498 2,644 2,225 642 495 2014A 2015A 2016A 2017A 2014A 2015A 2016A 2017A EBITDA Net Profit 1,000 CAGR 1,908 CAGR 134% 92% 1,230 635 334 451 140 149 2014A 2015A 2016A 2017A 2014A 2015A 2016A 2

  18. Slide 18: Financial Ratio

    Financial Ratio Debt to Equity Ratio Current Ratio CAGR -8% 0.68 2.32 1.96 0.57 1.52 0.45 0.41 - 2014A 2015A 2016A 2017A 2014A 2015A 2016A 2017A Return on Equity Ratio Return on Assets Ratio CAGR -12% CAGR -17% 25.12% 11.67% 19.98% 7.72% 13.67% 6.70% 4.62% 8.57% 2014A 2015A 2016A 2017A 2014A 2015A 2

  19. Slide 19: Financial Statement: Profit & Loss

    Financial Statement : Profit & Loss (in IDR Million) 2014A 2015A 2016A 2017A Revenues 641.931 2.644.320 4.717.150 7.104.158 Cost of Revenues (495.226) (2.224.890) (3.497.932) (5.155.967) Gross Profit 146.705 419.430 1.219.218 1.948.191 Gross Profit Margin 22,85% 15,86% 25,85% 27,42% Operating Cost (

  20. Slide 20: Financial Statement: Financial Position

    Financial Statement: Financial Position (in IDR Million) 2014A 2015A 2016A 2017A ASET Total Current Assets 980.931 1.054.582 11.296.401 11.574.944 Total Non-Current Assets 221.676 3.277.827 2.437.866 3.344.604 Total Assets 1.202.607 4.332.409 13.734.267 14.919.548 LIABILITAS Total Current Liabilitie

  21. Slide 21: Financial Statement: Cash Flow

    Financial Statement: Cash Flow (in IDR Million) 2014A 2015A 2016A 2017A Net Cash from Operations Activities (42.794) (686.135) (3.034.906) (2.413.797) Net Cash from Investing Activities (63.829) (123.555) (833.320) (1.302.336) Net Cash From Financing Activities 378.844 635.655 7.975.859 538.660 Net

  22. Slide 22: 2018 Target

    2018 Target Jakabaring Palembang Batching Plant (2017) 22

  23. Slide 23: 2018 Target

    2018 Target Financial • Revenue : Rp 9.7 Trillion • Net Profit : Rp 1.46 Trillion Operational • New Contract : Rp 11.5 Trillion • Production Capacity : 3.75 Million tons • Utilization : 70% • Capex : Rp 757 Billion 23

  24. Slide 24: Thank You

    Thank You Head Office: Gedung Teraskita Jakarta, 3 & 3A Floor Jl. MT. Haryono Kav. No. 10A Cawang, Jakarta 13340 Ph. (+6221) 22892999 Website: www.waskitaprecast.co.id Disclaimer This material is for information only, and we are not soliciting any action based upon it. This report is not to be const

PT Waskita Beton Precast — FY2017 Earnings Presentation on 6ix