Pt Semen Indonesia (persero) Tbk · IDX:SMGR
Pt Semen Indonesia (persero) Tbk — 9M 2025 Earnings Presentation
23 slides from Pt Semen Indonesia (persero) Tbk's earnings presentation, Nov 5, 2025
Slide 1: 9M 2025 Unaudited Financial Statement Earnings Call
9M 2025 Unaudited Financial Statement Earnings Call PT Semen Indonesia (Persero) Tbk 5 November 2025
Slide 2: Macroeconomic Highlights
1 MACROECONOMIC HIGHLIGHTS
Slide 3: National economic conditions remain challenging, though signs of potential recovery visible
MACROECONOMIC BACKGROUND National economic conditions remain challenging, though signs of potential recovery is visible Gross Domestic Product National and Property Loan Growth Growth (% yoy) 7.59 11.0% 11.4% 7.29 7.48 10.4% 9.7% 8.7% 5.81 4.7 – 5.1* 7.6% 7.2% 5.11 5.05 4.95 4.87 5.12 4.99 5.02 8.8%
Slide 4: SIG Topline Performance
2 SIG TOPLINE PERFORMANCE
Slide 5: Industry growth vs SIG growth
INDUSTRY GROWTH VS SIG GROWTH As macroeconomic challenges persisted, industry demand remains at a contraction, while SIG begins to show improvement against market Industry Demand SIG Domestic Sales Volume** Domestic demand in 3Q25 saw a slight improvement compared to 1H25 SIG total domestic sales vo
Slide 6: Regional sales volume remained strong, while blended ASP increased
SIG TOPLINE Regional sales volume remained strong, while blended ASP increased SIG Total Sales Volume ASP Trend SIG total group sales volume saw a mild contraction by -1.8% as of 9M25, as Blended ASP as of Sept 25 saw a pickup by 0.5% compared to Jun 25, in line 3Q25 only saw a decline of -1% compar
Slide 7: Bag and Bulk segments dominated QoQ growth, fighting brand portion picked up
9M 2025 PERFORMANCE Bag and Bulk segments dominated QoQ growth, whilst portion of fighting brand saw a slight pick up Quarterly Cement Volume by Segment Mn Tons Bag Bulk Export Vietnam QoQ YoY 10.25 10.31 10.15 16.3% -0.1% 9.18 8.52 8.57 8.73 0.35 0.27 0.29 -32.3% -16.8% 0.37 0.41 1.13 1.54 0.43 1.4
Slide 8: 9M 2025 Financial Performance
4 9M 2025 FINANCIAL PERFORMANCE
Slide 9: Softer domestic sales led to a 3.8% revenue decline yoy
9M25 FINANCIAL PERFORMANCE Softer domestic sales led to a 3.8% revenue decline yoy, while cement revenue portion picked up Total Revenue Cement/ Non-Cement Revenue Trend* ▼ 2.8% Revenue (IDR Bio) Cement Revenue 9,907 9,696 9,868 Impacted from lower 8,036 8,877 7,655 7,954 cement sales 8,673 8,856 ▼
Slide 10: COGS and OPEX remained stable; finance costs reduced
9M25 FINANCIAL PERFORMANCE Overall COGS and OPEX remained stable despite ongoing cost pressures, continued deleveraging efforts led to a reduction in finance costs Pressure in EBITDA from weak Stable COGS Lower OPEX and Finance Cost topline and higher cost/ton ▲1.6% ▼ 2.3% ▲ 1.0% Variable COGS Opera
Slide 11: Solid financial position with maintained highest credit rating of idAAA
9M25 FINANCIAL PERFORMANCE Solid financial position with maintained highest credit rating of idAAA Sufficient Cashflow Healthy Leverage Maintained Highest Credit Rating Generation ▼ 24.6% YoY ▼ 0.18x YoY ▼ 17.5% YoY Credit Rating Cashflow from Operations Current Ratio (x) Interest Bearing Debt (IDR
Slide 12: Strategic Initiatives
3 STRATEGIC INITIATIVES
Slide 13: Strategy for performance recovery is on track and yielding positive results
STRATEGIC INITIATIVES Strategy for performance recovery is on track and yielding positive results in the first three months of implementation Key Strategic Focus 3-Months Implementation Progress Increased average monthly volume Mn Tons 2.82 2.07 2.25 Retail Business Cost Leadership Cement Derivative
Slide 14: Leading the industry transformation towards sustainability
“Leading the industry transformation towards sustainability” @sig.id Semen Indonesia Semen Indonesia @semenku PT Semen Indonesia (Persero) Tbk. South Quarter, Tower A, Floor 19-20 Jl. RA. Kartini Kav. 8, Jakarta Selatan 12430, Indonesia
Slide 15: Appendix
APPENDIX
Slide 16: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Slide 17: Positive progress continues as SIG stays on track in achieving Sustainability targets
SUSTAINABILITY Positive progress continues as SIG stays on track in achieving Sustainability targets CO2 Emission Intensity Scope 1 – From Internal Process Increase Alternative Fuel & Raw Material (AFR) Use (KgCO2/Ton cement eq.) ▪ Investment in AFR Pre-processing Thermal Substitution Rate (TSR) fro
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 19: Financial position highlights
9M 2025 FINANCIAL HIGHLIGHTS Financial position highlights Financial position FY21 FY22 FY23 FY24 9M24 9M25 YoY (IDR Bn) Cash & cash equivalent 2,955 6,007 6,940 3,659 4,927 3,917 -20.5% Acct. receivables 5,691 5,521 5,788 5,127 4,689 5,600 19.4% Inventory 4,849 5,610 5,134 5,193 5,583 5,349 -4.2% O
Slide 20: Profit and loss highlights
9M 2025 FINANCIAL HIGHLIGHTS Profit and loss highlights Profit and loss 2Q25 3Q25 QoQ YoY 9M24 YoY 3Q24 9M25 (IDR Bn) Revenue 9,884 7,954 9,696 21.9% -1.9% 26,295 25,305 -3.8% Cost of revenue 7,685 6,380 7,841 22.9% 2.0% 20,428 20,314 -0.6% Gross profit 2,199 1,574 1,854 17.8% -15.7% 5,867 4,990 -14
Slide 21: COGS and operating expenses
9M 2025 FINANCIAL HIGHLIGHTS COGS and operating expenses Cost of revenue 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY (IDR Bn) Raw materials 471 333 262 -21.3% -44.3% 1,211 916 -24.3% Labor 619 435 449 3.3% -27.5% 1,661 1,395 -16.0% Manufacturing overhead 6,543 5,619 6,802 21.1% 4.0% 17,990 18,025 0.2% Fuel
Slide 22: Selling expenses
9M 2025 FINANCIAL HIGHLIGHTS Selling expenses Selling expenses 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY (IDR Bn) Transportation and 459 348 204 -41.4% -55.5% 1,026 895 -12.8% handling Salaries, wages and 121 85 96 13.5% -20.7% 349 294 -15.6% benefits Promotion 76 42 100 137.7% 31.5% 208 197 -5.5% Busine
Slide 23: General and administrative expenses
9M 2025 FINANCIAL HIGHLIGHTS General and administrative expenses G&A expenses 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY (IDR Bn) Salaries, wages and 423 338 407 20.4% -3.8% 1,172 1,121 -4.3% benefits Depreciation and 142 154 142 -7.9% 0.1% 441 438 -0.7% amortization Maintenance 52 25 25 2.0% -51.6% 108 6
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