Pt Semen Indonesia (persero) Tbk · IDX:SMGR
Pt Semen Indonesia (persero) Tbk — FY2020 Earnings Presentation
27 slides from Pt Semen Indonesia (persero) Tbk's earnings presentation, March 2021
Slide 1: PT Semen Indonesia (Persero) Tbk
PT Semen Indonesia (Persero) Tbk © Copyright | March, 2021 version
Slide 2: Table of contents
2 1. Supply & Demand 2 2. National Demand & Capacity Utilization 3 3. Demand Spread & Growth 4 4. National Demand Trend 5 5. Demand Drivers 6 8 1. The Largest Cement Player in Indonesia 9 2. Extensive Distribution Network 10 3. Building Material Solution Provider 11 4. Strong Financial Performance 1
Slide 3: National production capacity vs demand by region
1/2/3/4 National production capacity 2020 reached 115.3 million tons, while national demand was 62.7 million tons therefore create excess capacity of 52.6 million tons. Most of the cement plants are concentrated in Java which represents the largest portion of national cement consumption. Sumatera (M
Slide 4: Demand Growth vs. Capacity Growth, Industry Utilization Rate
1/2/3/4 9,3 17,4% 18,0% 83% 84% 84% 75% 5,5% 10,7% 82% 83% 83% 68% 68% 68% 6,1 63% 64% 5,7 3,4% 3,5% 7,6% 4,8% 73% -0,6% 66% 1,8% 4,9% 0,0% 2,7% 60% 63% 62% 2,9% 0,7% 56% 2,8 1,5 2013 2014 2015 2016 2017 2018 2019 2020 1,0 0,2 0,6 0,3 -10,4% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2012 2013 201
Slide 5: National cement demand 2020 dropped 10.4%
1/2/3/4 National Bulk 23% National cement demand 2020 dropped -10.4% mostly Growth from bulk demand, which changed the bulk proportion Bag -6.1% from 27% in 2019 to be 23% In 2020. Most of the Bag Bulk -22.1% 77% National demand was still dominated from Java region, Total -10.4% however demand dropp
Slide 6: National demand trend: bag and bulk
1/2/3/4 Bag and Bulk 57% 58% 57% National Demand 16% 18% 56% 20% 21% 22% 23% 23% 24% 54% 25% 27% 27% 52% National Demand 46% 48% 44% 43% 43% Trend 1st & 2nd 42% Portion Semester 29% 38% 84% 31% 82% 80% 79% 78% 77% 77% 76% 75% 73% 73% Cement consumption in 31% Based on trends, national cement 17% Ind
Slide 7: High population with demographic bonus
1/2/3/4 Male Female High population with demographic bonus 75+ 70-74 Indonesia is one of the five largest populated countries with total population of 267 million 65-69 60-64 in 2019. The population pyramid shows that most of the population is in the productive 55-59 age group. This shows the large
Slide 8: Increased Infrastructure Budget
1/2/3/4 Increased Infrastructure Budget 415 423 401 410 387 National cement demand, especially for the last 5 years derived more from bulk demand, especially from 317 the Government infrastructure projects which increase 1.5x in 2015-2019 compared to 2010-2014. 290 184 178 2021 Infrastructure Budget
Slide 9: The Largest Cement Player in Indonesia
1/2/3/4 The Largest Cement Extensive Building Material Strong Financial Player in Indonesia Distribution Network Solution Provider Performance With 52.6 million tons p.a SMGR managed integrated We have develop towards SMGR continuously focus on cement production capacity production and distribution
Slide 10: SMGR Market Share and Capacity Share
1/2/3/4 100,0% SMGR Market Share and Capacity Share SMGR is the Market Leader in Indonesia Cement Industry with the largest market share and capacity share. With 43.6% 80,0% of capacity share in Indonesia, SMGR is able to cover more than 50% of Indonesia National demand in 2020. The 2nd tier players
Slide 11: Extensive distribution network of plants and ports
1/2/3/4 Grinding We are supported by integrated plants in Packing Plants Vietnam Plants 8 locations, grinding plants in 4 locations, Lhokseumawe Banjarmasin Ho Chi Minh packing plants in 26 locations, and ports Malahayati Balikpapan Dumai Belawan Samarinda Cigading in almost all of our plant locatio
Slide 12: Wide range of quality building products and solutions
1/2/3/4 Go beyond expectations by ensuring more people benefit through a wide range of quality building products and solutions Bag Cement Multipurpose Application-based Cement bag with 5 premium Cement bag type that is more specific brands in their respective areas, for certain application, such as
Slide 13: Concrete and Other Cement Derivative Products
1/2/3/4 Go beyond expectations by ensuring more people benefit through a wide range of quality building products and solutions Concrete and Other Cement Derivative Products Small readymix trucks which able to pass Concrete solution that dries in short Concrete solution which can DekoCrete is an inno
Slide 14: Leading through digitization and innovation
1/2/3/4 Continue to lead the industry in building the future through digitization and innovation SobatBangun Akses Toko A digital platform from SIG Semen Indonesia is committed to that is engaged with the provide the best service to our mission of developing a partners by using technology and better
Slide 15: Building sustainable value creation
1/2/3/4 Build sustainable life for future generations by making sustainable value creation at the core of our entity. Through developing more non-OPC products and the use of AFR from our waste management unit, we were able to decrease our average clinker factor from 81% in 2017 to 72% in 2019. Our e
Slide 16: FY 2020 Financial Result
1/2/3/4 FY 2020 Financial Result: Improved profitability performance from cost efficiency and discipline cash flow management Despite the decrease is sales volume and revenue, SMGR was able to book increase in profitability margin. Such improvement in margin mainly due to SMGR ability to manage cost
Slide 17: Profitability margins improved despite lower sales
1/2/3/4 Gross profit margin 33.0% EBITDA margin 25.8% Net profit margin 7.9% 1.5% increase 4.2% increase 2.0% increase Profitability Volume Sales Volume Revenue Gross Gross Profit (Million Growth Revenue Growth Profit Margin margins improved 60 tons) (%) 80 (Rp Bn) 50.000 (%) 80 (Rp Bn) 14.000 (%) 8
Slide 18: Improved Leverage Ratios
1/2/3/4 Improved Leverage Ratios Through discipline cash flow management, SMGR was able to repay more than IDR 5 trillion of its debt and improve the leverage ratios. The lower interest rate from the refinancing program and the BI 7 days repo rate cut contribute to the increase in net profit and imp
Slide 19: Improved Leverage Ratios: debt profile
1/2/3/4 Improved Leverage Ratios Dec 19 Dec 20 CURRENCY SMGR Interest Bearing Debt as of December 2020 was Rupiah 99.5% 99.6% IDR 25.7 trillion, decrease IDR 4.3 trillion from December USD 0.4% 0.0% 2019 balance. In 2020 period, the Company has repaid the Others 0.1% 0.4% debt (in net) around IDR 5.
Slide 20: Board of Commissioners
1/2/3/4 Rudiantara Nasaruddin Umar Mochamad Choliq President Commissioner Independent Commissioner Independent Commissioner Education: Education: Education: • MBA, IPPM Jakarta (1988). • Doctorate degree, Universitas Islam Negeri • Master degree in Management, Prasetya • Bachelor degree in statistic
Slide 21: Board of Commissioners
1/2/3/4 Astera Primanto Hendrika Nora Sony Subrata Lydia Silvanna Bhakti Osloi Sinaga Commissioner Djaman Commissioner Commissioner Commissioner Education: Education: Education: Education: • Master degree in Taxation from • Master degree in Management, • Bachelor of Commerce in Marketing , • Master
Slide 22: Board of Directors
1/2/3/4 Fadjar Judisiawan Hendi Prio Santoso Doddy Sulasmono Diniawan Director of Business President Director Director of Finance Strategy & Development Education: Education: Education: • Bachelor of Business Administration (B.B.A) • Master degree in Financial Management, • Master of Management from
Slide 23: Board of Directors
1/2/3/4 Benny Wendry Tri Abdisatrijo Tina T. Kemala Intan Adi Munandir Director of Production Director of Director of Human Director of Marketing & Supply Chain Resources & Legal Engineering & Project Education: Education: Education: Education: • Master degree in Management, • Bachelor of Chemical E
Slide 24: Sustainability pillars
1/2/3/4 As a state-owned enterprise, one of our purpose is to provide lasting positive benefits for Indonesia national development, Towards becoming the leading building material solutions provider in the region, one of our missions is to maintain the sustainable environment and social responsibilit
Slide 25: Sustainability targets and achievements
1/2/3/4 Despite the challenges in cement industry with overcapacity and increase competition, SIG not only able to achieve better operational and financial performance but also create sustainable value added to our stakeholders in environment management performance, health & safety, human resource,
Slide 26: Important Notice Disclaimer
IMPORTANT NOTICE THIS PRESENTATION IN NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS
Slide 27: Social media contacts
@semenindonesia Semen Indonesia Semen Indonesia @semenku
PT Semen Indonesia (Persero) — FY2020 Earnings Presentation on 6ix