Transcript Part I - PT Pembangunan Perumahan

Performance Leader in Construction and Investment Infrastructure Through Innovation
CONTENT
Section 1
Company Overview
Section 2
Company Strategy
Section 3
Financial Highlight
Section 4
Stock Performance
Performance Leader in Construction and Investment Infrastructure Through Innovation
Section 1
Company Overview
Performance Leader in Construction and Investment Infrastructure Through Innovation
Vision and Mission
VISION
To be a leader in construction and
investment business by providing
excellence added value to Stakeholders
Construction
MISSION
To provide construction services and to
conduct investments that would give
added value to all Stakeholders,
supported by healthy financial structure,
efficient, innovative, global vision and
prosperous employees
Investments
Performance Leader in Construction and Investment Infrastructure Through Innovation
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COMPANY’S MILESTONES
Established in 1953 as a house builder, PP is now one of the largest construction and
investment company in Indonesia
Changed
status to be a
State Company
Establishmen
t of
NV PP
1962
1953
Consolidati
on Post
Asian
Crisis
1991
1971
Construction
of
Hotel
Indonesia
2004
1998
Diversificatio
n to Property
and Realty
EPC
&
Investment
Go Public
Preparation
2010
2011
2009
EMBO
(Controlling
remains
with GOI )
Go Public
Performance Leader in Construction and Investment Infrastructure Through Innovation
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BUSINESSLINES
Our focus is in construction. Our strategic investments have been designed to create
construction business opportunities and maintain steady revenue stream
REGULAR CONSTRUCTION
HIGH RISE BUILDINGS
EPC
PROPERTI
INVESTMENT
INFRASTRUCTURE
1 . PORT
2. BRIDGES
3. TOLL ROAD
4. POWER PLANT
5. DAM
1.
2.
3.
4.
5.
COMMERCIAL
CENTRE
APARTMENT
OFFICES
LANDED HOUSE
HOTEL
1.
2.
POWER PLANT
OIL & GAS
TOLL ROADS
POWER PLANTS
SUBSIDARY
BUILDINGS
PORTS
SUBSIDARY
SPC
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Section 2
Company Strategy
Performance Leader in Construction and Investment Infrastructure Through Innovation
SUSTAINABLE GROWTH
Maintain
Existing
Growth
Enter into
rapidly
growing
Market
Boost the
Growth in
Property
Business
Invest in New line of
Business
- Precast Factory
- Infrastructure
- Hotel
- Energy
- IPP (Independent
Power Producer)
- Oil & Gas
- Toll Roads
- Port
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Performance Leader in Construction and Investment Infrastructure Through Innovation
MAINTAIN EXISTING GROWTH
1. IMPROVE COST OF GOODS SOLD
2. HUMAN RESOURCE DEVELOPMENT
3. IMPROVE EMPLOYEE PRODUCTIVITY
4. CASH FLOW - POSITIVE
5. INNOVATION
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Performance Leader in Construction and Investment Infrastructure Through Innovation
HUMAN RESOUCE DEVELOPMENT
PP University
OVERSEAS STUDY
EXECUTIVE DEVELOPMENT
PROGRAM
Performance Leader in Construction and Investment Infrastructure
Through Innovation
EMPLOYEE PRODUCTIVITY
Productivity Based on Profit
Productivity Based on Sales
4,000
3,465
3,513
3,243
3,500
2,500
161.05
160.00
134.59
2,818
3,000
180.00
140.00
120.00
2,133
1,925
100.25
100.00
81.42
2,000
67.14
80.00
1,433
1,500
60.00
1,000
40.00
500
20.00
57.14
46.47
-
2004
2005
2006
2007
2008
2009
2004
2010
2005
Productivity Based on Sales
2007
2008
2009
2010
Productivity Based on Profit
2004
Sales (in IDR Million)
2006
2005
2006
2007
2008
2009
2010
1,680,813
2,254,209
2,438,109
3,218,121
3,933,669
4,203,313
4,402,717
54,515
66,908
76,738
92,987
121,609
163,260
201,801
Amount of Employee
1,173
1,171
1,143
1,142
1,213
1,213
1,253
Productivity Based on Sales
1,433
1,925
2,133
2,818
3,243
3,465
3,513
Productivity Based on Profit
46.47
57.14
67.14
81.42
100.25
134.59
161.05
Net Income (in IDR Million)
Performance Leader in Construction and Investment Infrastructure Through Innovation
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COMPANY ANNUAL PROGRAM
Performance Leader in Construction and Investment Infrastructure Through Innovation
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GREEN CONSTRUCTION
Green Building
Austrian Embassy
Green Site Office
Green Building
MINISTRY OF PUBLIC WORKS HEAD OFFICE
Green Building
Singapore Embassy
SITE OFFICE
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Enter into rapidly growing Market
Infrastructure, Energy, Oil & Gas
1. Establish EPC – Energy Division
2. Establish EPC – Oil & Gas Division
3. Strategic Partnership with SOE
4. Strategic Partnership with Specialist
5. Acquisiton EPC Company.
EPC Project:
• Gas Turbine Power plant 60 MW
• Coal Fired Power plant 10 MW
• CCPP KDL 3X40 MW
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Boost the Growth in Property Business
 Establish Subsidiary - PP REALTY.
 Strategic Partnership with Land owner and Funder.
 Strategic Partnership with SOE - developing idle asset.
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Invest in New line of Business
Precast
Factory
•
•
•
•
Support to Construction business
Strategic Partnership
Factory in Kalimantan
Next Factory in Jakarta
•
•
•
Optimized asset
Park Hotel Jakarta
Next Hotel : Park Hotel Bandung
•
•
•
•
Establish Special Purpose Company (SPC).
Strategic Partnership
Gas Turbine Power plant 60 MW : operation since October 2011
Coal fired Power plant
: on process
•
•
•
Toll Road Depok – Antasari
Toll Road Benoa
Toll Road inner Jakarta
Hotel
Independent
Power
Producer
(IPP)
Toll Road
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Section 3
Financial Highlight
Performance Leader in Construction and Investment Infrastructure Through Innovation
INCOME STATEMENT
As of December 2010 and Sept 2011
Performance Leader in Construction and Investment Infrastructure Through Innovation
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Performance Leader in Construction and Investment Infrastructure Through Innovation
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PERFORMANCE 2011 - E
IDR Million
NEW CONTRACT
PROJECT
INCOME STATEMENT
2011 - E
BUILDING
5.834.091
ROAD & BRIDGE
1.883.133
IRRIGATION
424.252
PORT
765.820
2011 - E
REVENUE
6.321.939
COST OF GOODS SOLD
5.627.034
GROSS PROFIT
800.800
OTHERS
2.571.309
OPERATING EXPENSES
132.268
EPC
1.965.215
OPERATING INCOME
668.532
EBT
421.146
NET INCOME
240.009
INVESTMENT
PROPERTY
TOTAL
665.215
97.945
14.206.980
Performance Leader in Construction and Investment Infrastructure Through Innovation
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PERFORMANCE 2011 - E
BALANCE SHEET
IDR Million
2011 - E
ASSET
CURRENT ASSET
5.040.604
NON CURRENT ASSET
1.734.165
TOTAL ASSET
6.774.768
LIABILITIES & SHAREHOLDERS EQUITY
CURRENT LIABILITIES
4.030.957
LONGTERM LIABILITIES
1.318.586
SHAREHOLDERS EQUITY
1.425.226
TOTAL LIABILITIES & SHAREHOLDERS EQUITY
6.774.768
Performance Leader in Construction and Investment Infrastructure Through Innovation
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FORECAST
2012
IDR Million
NEW CONTRACT
PROJECT
INCOME STATEMENT
2011 - E
2011 - E
BUILDING
5.760.000
REVENUE
8.771.004
ROAD & BRIDGE
2.185.000
COST OF GOODS SOLD
7.869.157
GROSS PROFIT
1.024.540
IRRIGATION
830.000
PORT
970.000
OTHERS
765.000
EPC
3.250.000
INVESTMENT
3.000.000
PROPERTY
TOTAL
120.000
16.880.000
OPERATING EXPENSES
142.000
OPERATING INCOME
882.540
EBT
760.517
NET INCOME
308.026
Performance Leader in Construction and Investment Infrastructure Through Innovation
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FORECAST
2012
BALANCE SHEET
IDR Million
2012 - F
ASSET
CURRENT ASSET
5.593.510
NON CURRENT ASSET
1.902.171
TOTAL ASSET
7.495.681
LIABILITIES & SHAREHOLDERS EQUITY
CURRENT LIABILITIES
4.415.846
LONGTERM LIABILITIES
1.148.586
SHAREHOLDERS EQUITY
1.661.249
TOTAL LIABILITIES & SHAREHOLDERS EQUITY
7.495.681
Performance Leader in Construction and Investment Infrastructure Through Innovation
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NEW CONTRACT as of November 2011
PROJECT
IDR Billion
Combine Cycle Power Plant 3 x 40 MW
Hydroelectric Power Plant 88 MW
890
1,150
Gas Turbine Power Plant 65 MW
600
Toll Road – Jakarta
117
Non Toll Road – Donggi Senoro
220
Glagah Irrigation
37
Kariangau Access Road
30
Ngurah Rai International Airport
South Sukabumi West Java Ring Road
310
64
Sepinggan East Kalimantan Airport
305
Donggi Senoro LNG Building
189
Technical Faculty of Hasanudin University
Laugunung Power Mini Hydro North Sumatra
80
133
DSLNG Bypass Road
50
Saint Moritz Royal II (Structure)
67
Performance Leader in Construction and Investment Infrastructure Through Innovation
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NEW CONTRACT as of November 2011
PROJECT
IDR Billion
Fishing Port Package III
80
Ungaran – Bawen (Packed 4) Highway
178
Jetty 3 and 4 Bayur Bay Padang
102
Guesthouse - Jakarta
313
Rubber dam
42
Madiun River - East Java
60
Kariadi Hospital - Central Java
80
Kariangau Road – Balik Papan
90
Jasa Marga headquarters building
82
Traffic Management Center (POLDA)
BPK Tower
106
71
Kalilamong dock
391
Cefron Building
58
Brain Center (DEPKES)
197
Citarum Downstream
166
Performance Leader in Construction and Investment Infrastructure Through Innovation
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NEW CONTRACT as of November 2011
PROJECT
IDR Billion
Provincial Government Offices - south of Kalimantan
51
Mayor's Office - Padang
91
Sultan Taha Airport - Jambi
87
Ciwandan Ports - Banten
168
Access road Pulo Gebang
103
Bakrie University - Bogor
160
Inpatient Hospital Kariadi
67
Widya Mandala University
65
New Samarinda Airport
139
Sanga-Sanga road Palaran
104
Maluku City Mall - Ambon
126
Others
1,816
TOTAL
9,235
Performance Leader in Construction and Investment Infrastructure Through Innovation
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ORDER BOOK
IDR Million
28,274
New Contract JO
Carry Over
2013
20,018
3,000
New Contract JO
Carry Over
2012
3,303
11,119
Order book
New
Contract
Non JO
7,822
Carry
Over
2,597
6,018
Order book
Carry Over
2011
700
New
Contract
Non JO
10,697
10,394
Order book
New Contract JO
New
Contract
Non JO
13,880
8,771
6,321
Revenue
4,401
2010
Carry
Over
6,018
Revenue
3,819
Revenue
2,502
2011 - E
15,503
Carry
Over
10,394
Revenue
4,883
Revenue
3,888
2012 - F
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FINANCIAL HIGHLIGHT
REVENUE
10,000
8,000
NET INCOME
400
8,771
27,79 %
(CAGR)
23,58 %
(CAGR)
300
6,322
240
6,000
4,203
4,401
200
4,000
308
201.6
163.2
100
2,000
0
0
2009
2010
2011 E
2009
2012 F
2010
2011 E
2012 F
NEW CONTRACT
20,000
15,000
10,000
16,880
40,75 %
(CAGR)
6,054
14,109
8,264
5,000
0
2009
2010
2011 E
2012 F
Performance Leader in Construction and Investment Infrastructure Through Innovation
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FINANCIAL HIGHLIGHT
EQUITY
2,500
2,000
ASSET
10,000
44,72 %
(CAGR)
1,500
1,261
1,425
1,661
8,000
22,02 %
(CAGR)
6,775
5,444
6,000
1,000
4,000
7,496
4,126
548
500
2,000
0
0
2009
2010
2011 E
2012 F
2009
2010
2011 E
Performance Leader in Construction and Investment Infrastructure Through Innovation
2012 F
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Section 4
Stock Performance
Performance Leader in Construction and Investment Infrastructure Through Innovation
MINORITY STOCK OWNERSHIP
100%
5.30%
4.24%
4.07%
3.20%
32.51%
32.27%
35.02%
38.94%
3.06%
3.04%
34.75%
37.35%
90%
80%
70%
60%
12.30%
50%
9.58%
40%
11.51%
9.22%
10.87%
8.72%
9.55%
9.59%
9.10%
9.23%
5.06%
3.55%
9.55%
9.10%
3.69%
5.70%
3.56%
3.70%
3.22%
3.52%
32.24%
33.37%
34.06%
32.99%
34.95%
32.87%
30-Jun
29-Jul
26-Aug
30-Sep
31-Oct
30-Nov
3.38%
4.23%
5.05%
3.05%
30%
20%
10%
0%
Securities
Individual Domestic
Insurance
Mutual Fund
Pension Fund
Limited Company
Performance Leader in Construction and Investment Infrastructure Through Innovation
Foreign
30
Plaza PP – Subiyanto Building
Jl. Letjend. TB. Simatupang No 57
Pasar Rebo, Jakarta 13760 – Indonesia
Telp. +62 21 840 3883 ; Fax. +62 21 840 3890
website : www.pt-pp.com
Performance Leader in Construction and Investment Infrastructure Through Innovation