Pt Semen Indonesia (persero) Tbk · IDX:SMGR
Pt Semen Indonesia (persero) Tbk — H1 2026 Earnings Presentation
18 slides from Pt Semen Indonesia (persero) Tbk's earnings presentation, September 2026
Slide 1: 1H 2026 Performance Earnings Call
1H 2026 Performance Earnings Call PT Semen Indonesia (Persero) Tbk Jakarta, September 2026
Slide 2: Agenda
Macroeconomic Background 4 Operational Overview 5 1H-2026 Financial Performance 9 Strategic Initiatives 16
Slide 3: Macroeconomic Background
Macroeconomic Background
Slide 4: 2Q-2026 Macroeconomic Indicators: Gradual recovery
2Q-2026 Macroeconomic Indicators: Gradual recovery Gross Domestic Product National and Property Loan Growth Growth (yoy) 7,59% 7,29% 7,48% 6,68% 17,5% 17,6% 5,81% 5,61% 5,12% 5,04% 5.39% 12,1% 5,11% 5,05% 4,95% 4,87% 5,29% 11,0% 11,4% 13,0% 5,49% 10,4% 9,7% 4,21% 3,89% 8,7% 8,9% 5,02% 4,98% 7,6% 7,2
Slide 5: Operational Overview
Operational Overview
Slide 6: 2Q-2026 SIG Performance: Domestic sales gained higher momentum
2Q-2026 SIG Performance: Domestic sales gained higher momentum driven by resilient retail demand and strong bulk performance 2Q-26 Sales Performance Sales Highlights 9.5% 9.7% ✓ Total sales volume grew 9.5% YoY to 9.56 Mn Tons in Total 2Q-26, supported by stronger domestic demand 8,73 8,71 9,56 Sale
Slide 7: 1H-2026 Industry and SIG Performance
1H-2026 Industry and SIG Performance: Continued industry growth in retail with bulk recovery, SIG maintained retail growth ahead of market Industry Demand SIG Domestic Sales Volume Continuing the strong 1Q-26 performance and a low base in 2025, Domestic sales grew 9.7% YoY in H1-26, supported by str
Slide 8: ASP Improvement: Strategic pricing adjustment continued while retaining market share
ASP Improvement : Strategic pricing adjustment continued while retaining market share ASP Trend Blended ASP Domestic ASP Export Indonesia ASP +7.2% +6.9% +15.0% Domestic and export ASP +6.8% +5.1% +20.3% increased by 6.9% and 15.0% YoY respectively, driving improvement in total blended ASP. Jun-25 D
Slide 9: 1H 2026 Financial Performance
1H 2026 Financial Performance
Slide 10: 1H-2026 Profitability: Stronger revenue and controlled cost drove growth
1H-2026 Profitability : Stronger revenue and controlled cost drove growth in EBITDA and bottom line Total Revenue EBITDA Revenue increased 13.1% YoY in 1H-26, supported by stronger EBITDA remained broadly stable at +2.6% YoY, with margin at 12.2%, pricing and sales volume. reflecting continued cost
Slide 11: Income Statement and Financial Ratios
Income Statement and Financial Ratios Consolidated Profit and loss 2Q25 1Q26 2Q26 QoQ YoY 1H25 1H26 YoY (IDR Bn) Revenue 7,954 8,288 9,361 12.9% 17.7% 15,609 17,650 13.1% Cost of revenue 6,380 6,619 7,234 9.3% 13.4% 12,473 13,853 11.1% Raw materials 333 372 382 2.6% 14.5% 654 754 15.3% Labor 435 506
Slide 12: Cost: Total increase following higher volumes and energy pressure
Cost : Total increase following higher volumes coupled with pressure in energy and distribution COGS OPEX Total Cost +11.1% +12.7% +20.7% 13.853 17.023 12.473 3.170 15.100 2.626 9.011 1.777 7.234 1.349 6.380 7.729 2Q 25 2Q 26 1H 25 1H 26 2Q 25 2Q 26 1H 25 1H 26 2Q 25 2Q 26 1H 25 1H 26 Increase of 11
Slide 13: 1H-26 Financial position: Strong cash generation, lower debt, idAAA rating
1H-26 Financial position : Maintained strong cash generation, drop in interest-bearing debt with reaffirmed credit rating at idAAA Higher cash generation with more Leverage remained well-controlled, Healthy interest coverage and stable disciplined working capital management with continued deleveragi
Slide 14: Balance Sheet
Balance Sheet Consolidated Financial position FY22 FY23 FY24 FY25 1H25 1H26 YoY (IDR Bn) Cash & cash equivalent 6,007 6,940 3,659 4,644 4,046 3,637 -10.1% Acct. Receivables 5,521 5,788 5,127 5,689 4,596 5,532 20.4% Inventory 5,610 5,134 5,193 4,914 5,784 4,801 -17.0% Others 1,740 1,922 2,245 2,184 2
Slide 15: Cashflow Statement
Cashflow Statement Consolidated Cash Flow 2Q25 1Q26 2Q26 QoQ YoY 1H25 1H26 YoY (IDR Bn) Receipts from customers 7,992 8,461 9,022 6.6% 12.9% 16,141 17,483 8.3% Payments to suppliers (5,786) (6,486) (6,419) -1.0% 10.9% (12,176) (12,905) 6.0% Payments to employees (966) (1,101) (951) -13.6% -1.5% (2,0
Slide 16: Strategic Initiatives
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Slide 17: SIG Transformation Journey
SIG Transformation Journey Four strategic pillars to strengthen competitiveness and long-term value creation YTD Progress Results - Fundamental reset of cement business model in ▲9.7% ▲7.2% Cement Business both retail and bulk – B2C and B2B 1H-26 Domestic Jun-26 Blended ASP Model - Pricing governanc
Slide 18: Thank You
aw Sic Thank You PT Semen Indonesia (Persero) Tbk South Quarter Tower A Lt. 19-20 JI. RA Kartini Kav. 8, Jakarta Selatan 12430, Indonesia
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