Jasa Marga Update
1H2022olders Meeting
1 August 2019
Company Overview
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Company Highlights
Brief Snapshot
- Leading toll road operator in Indonesia with more than 40 years of experience.
- 35 toll road concessions with total length of 1,809 km.
- 70% shares owned by the Government of Indonesia.
- Listed on the Indonesia Stock Exchange since 2007, with a market cap Rp24.97 trillion as of 31st August 2022.
- Jasa Marga's Business Line
- Toll Road Concession Business Line (Hold concessions and manage its assets to give optimum return)
- Toll Road Operation Business Line (Provides operation & maintenance services for Jasa Marga Group and other toll road investors)
- Prospective Business (Manages rest areas and other properties along toll road corridors)
1H2022 Revenue Breakdown
Company Highlights
- Largest toll road operator in Indonesia with 64% market share in term of operated commercial toll roads lengths (± 1,260 km).
- The longest concession period holder in Asia reflecting stable income.
- The toll road industry has a long concession period, reflecting stable income in the future.
- Resilient industry with strong government focus.
- Strong financial profile with promising growth going forward.
Vision & Mission
Vision | To be the largest, trusted and sustainable national toll | |
road network company. | ||
1. | Lead toll road business along the end-to-end value | ||
chain professionally and continuously to improve | |||
National connectivity. | |||
2. | Optimize regional development for community | ||
progress. | |||
Mission | 3. | Increase value for shareholders. | |
4. | Enhance customer satisfaction through service | ||
excellence. | |||
5. Encourage the development and enhancement of | |||
employee performance in a harmonious | |||
environment. | |||
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Company Key Development Milestone
✓Jasa Marga was established with focus on business management, maintenance and procurement of the toll road network.
✓Jagorawi as the first toll road in Indonesia began its operation.
1978
✓Government offered the opportunities for the private sector to participate in toll road business through Build, Operate and Transfer (BOT) system with Jasa Marga.
✓Jakarta Toll roads operated by Jasa Marga initiated its operations gradually.
1987
The authority function was returned | Jasa Marga became a public |
company through an Initial Public | |
to the Government, Toll Road | |
Offering (IPO) and listed its shares | |
Regulatory Agency (BPJT) under the | |
on the Indonesia Stock Exchange. | |
Ministry of Public Works. | |
2004 | 2007 |
✓Fully | implemented | electronic | ✓ Operated | 24 | toll | road |
payment system in all toll roads | concessions (±1,000 km) | |||||
✓Issue | alternative | financing | ✓ Issue | alternative | financing | |
product: Securitization, Project | product: | Mutual Fund | Limited | |||
Bond, Komodo Bond. | Participation | (Reksa | Dana | |||
Penyertaan Terbatas) |
- Successfully doubled our business by operating 28 toll road concessions (±1,162 km)
-
Issue alternative financing
product: Infrastructure Investment Mutual Fund (KIK DINFRA) and Sukuk Ijarah, both at Gempol Pandaan Toll Road
- Still manage to operate 1,191 km
- Issue alternative financing product "Commercial Paper" and also Continuing Public Offering Bond Phase I
2017 | 2018 | 2019 | 2020 |
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Company Structure & Business Line Jasa Marga's Group
Jasa Marga owns 35 toll road concessions which are operated at the parent and subsidiary level, and under the sub-holding PT Jasamarga Transjawa Tol. Jasa Marga has 3 Subsidiaries which focus on the toll road operation and maintenance business and 1 Subsidiary in the prospective business.
Government of
Indonesia ("GOI")
Ministry of State-Owned
Enterprises ("MSOE")
70%
Public 30%
Shareholder Structure
As of August 31st , 2022
Toll Road Concession Business Line
13 Mature Toll Roads | 22 New Toll Roads | ||||||
1. | Cawang-Tomang-Pluit | ||||||
1. | Nusa Dua-Ngurah Rai- | 14. | Jakarta-Cikampek II | ||||
(Jakarta Inner Ring Road) | Benoa | Elevated | |||||
2. | Prof. Dr. Ir. Sedyatmo | 2. | JORR W2 Utara (part of | 15. | Batang-Semarang | ||
JORR) | 16. | Semarang-Solo | |||||
(Airport) | |||||||
3. | Medan-Kualanamu-Tebing | 17. | Solo-Ngawi | ||||
3. | Jagorawi | Tinggi | 18. | Ngawi-Kertosono-Kediri | |||
4. | Padalarang | 4. | Bogor Ring Road | 19. | Surabaya-Mojokerto | ||
5. | JORR2 (Kunciran-Serpong) | 20. | Gempol-Pasuruan | ||||
5. | Cileunyi | ||||||
6. | Balikpapan-Samarinda | 21. | Gempol-Pandaan | ||||
6. | Jakarta Outer Ring Road | 7. | JORR2 (Cengkareng- | 22. | Pandaan-Malang | ||
7. | Ulujami-Pondok Aren | 8. | Kunciran) | ||||
8. | Jakarta-Tangerang | JORR2 (Serpong-Cinere) | |||||
9. | Manado-Bitung | ||||||
9. | Belmera | ||||||
10. | Jakarta-Cikampek II South | ||||||
10. | Jakarta-Cikampek | 11. | Probolinggo-Banyuwangi | ||||
11. | Palikanci | 12. | Yogyakarta-Bawen | ||||
13. | Gedebage-Cilacap | ||||||
12. | Surabaya-Gempol | ||||||
13. | Semarang A B C | Legend | |||||
Branch and Subsidiaries under Subholding | |||||||
PT Jasamarga Transjawa Tol |
Toll Road Operations Business Line | Prospective Business Line | |
3 Subsidiaries Supporting Operations | 1 Subsidiary in Business Development in Toll Road | |
PT Jalantol | ||
Lingkarluar | ||
Jakarta | ||
12 Associated Entities & Financial Asset Entities
PRIVATE AND CONFIDENTIAL | 5 |
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