Transcript Slide 1
Performance Leader in Construction and Investment Infrastructure Through Innovation
CONTENT
Section 1
Company Overview
Section 2
Company Strategy
Section 3
Performance 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
Providing construction services and doing investments to give added value to Stakeholders, supported by healthy financial structure, efficient, innovative, green program as one of competitive advantage, 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
Establishment of NV PP 1962 Changed status to be a State Company 1991 Consolidati on Post Asian Crisis 2004 Go Public Preparation 2010 EPC & Investment 2011 1953 Construction of Hotel Indonesia 1971 Diversification to Property and Realty 1998 EMBO (Controlling remains with GOI ) 2009
Go Public
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Nationwide Operation Network and Overseas
We cover Indonesian archipelago with our 3 (three) divisions and 8 (eight) branches. Some projects in Timor Leste
Sumatra Operating Division I Branch I Branch II Branch IX : Aceh, North Sumatra : Lampung, Bengkulu, South Sum, Bangka-Belitung & Banten : West Sumatra , Jambi, Riau, Batam Kalimantan Maluku Sulawesi Jawa Bali and Nusa Tenggara Operating Division II Branch III : Jakarta Branch IV : West Java Operating Division III Branch V Branch VI Branch VII : Central Java, East Java , DIY : Kalimantan : Bali, NT, Maluku, Papua Sulawesi 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
BUILDING CONSTRUCTION INFRASTRUCTURE 1. PORT 2. BRIDGES 3. TOLL ROAD 4. POWER PLANT 5. DAM BUILDING PROPERTY 1. COMMERCIAL CENTRE 2. APARTMENT 3. OFFICE 4. LANDED HOUSE 5. HOTEL EPC
1.
POWER PLANT
2. OIL & GAS INVESTMENT
TOLL ROAD POWER PLANT
3. MINING 4. MANUFACTURE
Performance Leader in Construction and Investment Infrastructure Through Innovation PORT
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EXPERIENCE
Over the years, PP has completed landmark projects in high rise buildings and various infrastructure projects
MKRI Kuningan Tower KOJA PORT HIGH RISE BUILDINGS
Construction of 100,000 m2/month
BRIDGE
The Longest Cable Stay In Indonesia
Interchange Padalarang Toll Road TOLL ROAD POWER PLANT Sudirman Palace JACC Barelang Cable Stayed Bridge Batam Tonton Muara Karang Combined Cycle Power Plant 1 Performance Leader in Construction and Investment Infrastructure Through Innovation
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LEADING IN HIGHRISE BUILDING
OFFICE BUILDING HOTEL HOSPITAL APARTMENT & MALL Performance Leader in Construction and Investment Infrastructure Through Innovation
GREEN CONSTRUCTION
Green Building Singapore Embassy Green Building Austrian Embassy Green Building MINISTRY OF PUBLIC WORKS HEAD OFFICE Performance Leader in Construction and Investment Infrastructure Through Innovation
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LEADING IN PORT
Nusantara Fishing Port Development Pelabuhan Ratu Phase II, West Java Tanjung Emas Container Port I Semarang Bajoe Kolaka South Sulawesi Tanjung Perak Inter Island Container Wharf - Surabaya Trisakti Container Port , South Kalimantan Nusa Penida Fishing Port Bali Breakwater PPS Cilacap, Central Java Pertamina Oil Wharf Bandar Lampung Palaran Container Port Samarinda – Kalimantan Lhokseumawe Harbour, NAD Bojanegara Wharf Serang Banten Koja Wharf, Jakarta Sadeng Fishing Port Yogyakarta Muara Baru Fishing Port North Jakarta Performance Leader in Construction and Investment Infrastructure Through Innovation
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EXPERIENCED IN POWER PLANT & INFRASTRUCTURE
POWER PLANTS INFRASTRUCTURE Cimeta Bridge Tollway PADALARANG – West Java Tollway JORR - Jakarta TollRoad KARAWANG – West Java Power Plant Coal Fired SURALAYA - West Java Power Plant Coal Fired MUARA KARANG - Jakarta Kapuas River Bridge KAPUAS - Kalimantan Bridge Lubuk Jambi - Riau Combined Cycle Power Plant TAMBAK LOROK – Central Java Combined Cycle Power Plant BELAWAN – North Sumatra Hydro Electric Power Plant SAGULING – West Java No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Project
Power Plant Coal Fired Suralaya Power Plant Coal Fired Muara Karang Combined Cycle Power Plant Tambak Lorok Combined Cycle Power Plant Belawan Hydro Electric Power Plant Asahan Hydro Electric Power Saguling Cimeta Bridge Tollway Padalarang Tolway JORR Jakarta Toll Road Karawang Kapuas River Bridge Siak Bridge
Contract (IDR Million)
35,838 45,839 146,852 29,884 2,806 121,522 148,040 105,496 138,649 4,295 277,647
Performance Leader in Construction and Investment Infrastructure Through Innovation
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PROPERTY
COMMERCIAL CENTER OFFICE HOTEL APARTMENT LANDED HOUSE Performance Leader in Construction and Investment Infrastructure Through Innovation
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EPC
UNDER CONSTRUCTION CCPP 3X40 MW – CILEGON GAS ENGINE POWER PLANT 90 MW - JAMBI GAS ENGINE POWER PLANT 100 MW - RIAU COAL FIRED POWER PLANT 2X7 MW - LAMPUNG PROJECT COMPLETED GAS TURBINE POWER PLANT 65 MW - PALEMBANG Performance Leader in Construction and Investment Infrastructure Through Innovation
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INVESTMENT
PROJECT COMPLETED GAS TURBINE POWER PLANT 65 MW - PALEMBANG Plant
Swicthyard LM2500+ G4
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Section 2
Company Strategy
Performance Leader in Construction and Investment Infrastructure Through Innovation
BUSINESS LINES CONSTRUCTION
COMPANY STRATEGY
STRATEGY
FOCUS ON BIG SCALE PROJECT GREEN PROGRAM COST LEADERSHIP
PROPERTY EPC INVESTMENT
CLUSTER : COMMERCIAL : - MALL -TRADE CENTRE - OFFICE RECIDENTIAL : - VERICAL - LAUDED HOSPITALITY : - HOTEL - LEI SURE STRATEGIC PARTNERSHIP GROWING POWER PLANT PROJECT ENTERING MINING PROJECT ENTERING OIL& GAS PROJECT FEEDING TO CONSTRUCTION AND EPC STRATEGIC PARTNERSHIP
Performance Leader in Construction and Investment Infrastructure Through Innovation
Section 3
Performance Highlight
Performance Leader in Construction and Investment Infrastructure Through Innovation
Business Lines
BUILDING ROAD & BRIDGE IRRIGATION PORT OTHERS EPC INVESTMENT PROPERTY TOTAL
NEW CONTRACT 2011
5.384.123
1.502.504
357.194
565.490
2.015.966
1.728.390
665.215
97.945
12.316.827
NEW CONTRACT
%
14 5 1 44 12 3 5 16 100
NEW CONTRACT IDR Million Business Lines
BUILDING ROAD & BRIDGE IRRIGATION PORT OTHERS EPC INVESTMENT PROPERTY TOTAL
2012 - F
5.760.000
2.185.000
830.000
970.000
765.000
3.250.000
3.000.000
120.000
16.880.000
%
34,1 12,9 4,9 5,7 4,5 19,3 17.8
0,7 100
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DESCRIPTION
INCOME STATEMENT
2011 AUDITED Amount
%
2012 F Amount
%
IDR Million Growth
REVENUE CoGS GROSS PROFIT PROFIT JO GROSS PROFIT AFTER JO OPERATING EXPENSES OPERATING INCOME EBITDA EBIT NET INCOME 6,231,898 5,526,136 705,762 80,160 785,922 130,981 654,940 598,562 596,982 240,223 100.00% 88.68% 11.32% 1.29% 12.61% 2.10% 10.51% 9.60% 9.58% 3.85% 8,771,004 7,869,157 901,847 122,693 1,024,540 142,000 882,540 762,038 760,517 308,026 100.00% 89.72% 10.28% 1.40% 11.68% 1.62% 10.06% 8.69% 8.67% 3.51% 40.74% 28.23%
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BALANCE SHEET
DESCRIPTION IDR Million 2011 AUDITED 2012 F ASSET
CURRENT ASSET NON CURRENT ASSET
TOTAL ASSET
6,636,861 296,492 6,933,353 5,362,646 2,066,038 7,428,684
LIABILITIES & SHAREHOLDERS EQUITY
CURRENT LIABILITIES NON CURRENT LIABILITIES SHAREHOLDERS EQUITY
TOTAL LIABILITIES & SAHERHOLDERS EQUITY
5,095,937 411,977 1,425,439 6,933,353 4,152,952 1,621,683 1,654,049 7,428,684
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INCOME STATEMENT Q1 - 2012
IDR Million Performance Leader in Construction and Investment Infrastructure Through Innovation
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BALANCE SHEET Q1 - 2012
IDR Million Performance Leader in Construction and Investment Infrastructure Through Innovation
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11,119 New Contract JO 700 New Contract Non JO 7,822 Carry Over 2,597 Revenue 4,401 2010 Carry Over 2011 6,018
ORDER BOOK
18,335 New Contract JO 1,825 Carry Over 2012 IDR Million 27,159 New Contract JO 3,000 Carry Over 2013 New Contract Non JO 13,880 15,388 New Contract Non JO 10,492 6,231 Revenue 3,729 Carry Over 6,018 Revenue 2,502 2011 10,279 8,771 Carry Over 10,279 Revenue 4,883 Revenue 3,888 2012 - F Performance Leader in Construction and Investment Infrastructure Through Innovation
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10 000 8 000 6 000 4 000 2 000 0
27,79 % (CAGR) 4 203 REVENUE
FINANCIAL HIGHLIGHT
NET INCOME
400
8 771 23,58 % (CAGR)
300
6,231 240 201,6 4 401
200
163,2
100
308 2009 2010 2011
0
2012 F 2009 NEW CONTRACT 2010 2011
20 000 15 000
40,75 % (CAGR) 16 880 12,317
10 000 5 000
6 054 8 264
0
2009 2010 2011 2012 F Performance Leader in Construction and Investment Infrastructure Through Innovation 2012 F
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FINANCIAL HIGHLIGHT
EQUITY
2 500 2 000 1 500 1 000 500 0
44,52 % (CAGR) 548 2009 1 261 2010 1 425 2011 1 654 2012 F ASSET
10 000 8 000 6 000 4 000 2 000 0
21,66% (CAGR) 4 126 2009 5 444 2010 6,933 2011 7 429 2012 F Performance Leader in Construction and Investment Infrastructure Through Innovation
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EMPLOYEE PRODUCTIVITY
Sales (in IDR Million) Net Income (in IDR Million) Amount of Employee Productivity Based on Sales Productivity Based on Profit 2005 2006 2007 2008 2009 2010 2011 2,254,209 2,438,109 3,218,121 3,933,669 4,203,313 4,401,226 6,231,898 66,908 76,738 92,987 121,609 163,260 201,648 240,223 1,171 1,143 1,142 1,213 1,213 1,253 1,414 1,925 57 2,133 67 2,818 81 3,243 100 3,465 135 3,513 161 Performance Leader in Construction and Investment Infrastructure Through Innovation 4,407 170
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NEW CONTRACT AS OF JUNE 2012 PROJECT
Fly Over Kerinci Dental Hospital - Palembang Hotel Patra Jasa - Bandung STADIUM Arcamanik UNAIR Auditorium Ahmad Yani Airport Apron - Semarang Educity Apartment East Park Hotel Socah Road National Islamic University Malang Al Irsyad - Surabaya General Hospital - Balikpapan Hotel Karebosi - Makassar Bahbolon Irigation Supreme Energy Muara Labuh Muko Muko Hospital PKIA Building - RSCM
IDR Billion
30 31 40 79 30 68 226 34 30 37 48 79 49 54 164 48 52
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NEW CONTRACT AS OF JUNE 2012 PROJECT
Sabo DAM Merapi EXXON Bojonegoro Pakage I Bengawan Solo PLTG Duri 100 MW Ibis Hotel - Padang Quest Hotel - Surabaya Royal Hotel - Makasar Kanujoso Hospital General Hospital UNRI Widening Toll - Pasteur Karangasem Hospital Ngurah Rai Airport Merah Putih Bridge Timur Leste Road Turi Market Samator Hotel - Surabaya Others
TOTAL
Performance Leader in Construction and Investment Infrastructure Through Innovation
IDR Billion
85 67 46 917 35 47 42 66 42 81 38 45 125 134 245 143 279
3,536
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Section 4
Stock Performance
Performance Leader in Construction and Investment Infrastructure Through Innovation
MINORITY STOCK OWNERSHIP
100% 90% 80% 70% 60%
1,89%
28,19%
1,44%
23,20%
1,30%
22,80%
1,08%
20,25%
0,64%
18,33%
0,85%
19,29%
0,86%
19,69% 50% 40% 30% 20% 9,52% 10,18% 4,10% 9,66% 9,28% 10,79% 4,44% 11,36%
39,48%
7,57% 10,53% 4,48% 11,05%
42,26%
5,63% 12,14% 4,24% 13,15%
43,51%
5,42% 13,41% 4,27% 10,95%
46,98%
5,38% 11,62% 4,23% 10,16%
48,47%
5,37% 10,99% 4,12% 10,12%
48,85% 36,64%
10% 0% 31.янв.12
Securities 29.фев.12
Individual Domestic 30.мар.12
Insurance 30.апр.12
Mutual Fund 31.май.12
Pension Fund 29.июн.12
Limited Company 31.июл.12
Foreign
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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