PUBLIC EXPOSE 2018 PT ADHI KARYA (PERSERO) Tbk.

Size: px

Start display at page:

Download "PUBLIC EXPOSE 2018 PT ADHI KARYA (PERSERO) Tbk."

Noah Long
5 years ago
Views:

1 PUBLIC EXPOSE 2018 PT ADHI KARYA (PERSERO) Tbk. 29 November 2018 persada properti persada gedung persada beton commuter properti

ADHI MILESTONE PN Adhi Karya was established by nationalizing a former Dutch company called Associatie N.V.

along station and supporting property ESTABLISHING commuter properti CHANGED Into PT.

0 Changes vision, mission, and values; organizational restructuring; establishment of ADHI Learning Center

2 ADHI MILESTONE PN Adhi Karya was established by nationalizing a former Dutch company called Associatie N.V. First SOE Construction went public on March 18th, 2004 ESTABLISHING ESTABLISHING STARTING LRT construction along station and supporting property ESTABLISHING commuter properti CHANGED Into PT. Adhi Karya (Persero) Transformation 2.0 Changes vision, mission, and values; organizational restructuring; establishment of ADHI Learning Center EXPANDING MoU Mass SOE Transportation; Grandhika Hotel Blok M; Precast Factory Development. RIGHT ISSUE LRT & TOD construction CONTRACT SIGNING LRT Jabodebek Phase I Project with the Ministry of Transportation 2

3 BUSINESS LINES persada properti persada beton persada gedung commuter properti 3

4 SHARES OWNERSHIP As of OCTOBER 2018 Local : 34,2% Foreign : 14,8% 51% 49% persada gedung persada properti persada beton commuter properti 99,6% 99,9% 99,7% 99,9% 4

Nazief Wicipto Setiadi Rildo Ananda Anwar Muchlis Rantoni Luddin

5 BOARD OF COMMISSIONERS M. Fadjroel Rachman President Commissioner Bobby Achirul Awal Nazief Wicipto Setiadi Rildo Ananda Anwar Muchlis Rantoni Luddin Hironimus Hilapok Commissioner Commissioner Commissioner Independent Independent Commissioner Commissioner 5

6 BOARD OF DIRECTORS President Director Director of Operation 1 Director of Operation 2 Director of Finance Director of Human Capital Director of QHSE and Development Budi Harto Budi Saddewa Soediro Pundjung Setya Brata Entus Asnawi Mukhson Agus Karianto Partha Sarathi 6

000 (Target) New Order 30.000 20.000 10.

7 ORDER BOOK 2018 in billion Rupiah (Target) New Order (Target) New Order Carry Over to 2018 Carry Over to Carry Over Order Book Revenue Carry Over Order Book (Target) Revenue (2017) (2018) 7

8 ADHI 2018 NEW CONTRACT TARGET 34,4% Building or High Rise 3,8% EPC Ports & Water Works 17,4% 22,4% Property 23,3 T IDR Road 8,2% 13,8% Other works 8

NEW CONTRACT ACHIEVEMENT UP TO 23 NOVEMBER 2018 12,6 T IDR 8% 2% Business Lines 90% Contruction &

Serdang : 127,7 B IDR Lowest Contract On Tender Progress: Infrastructure Project : 1.

9 NEW CONTRACT ACHIEVEMENT UP TO 23 NOVEMBER ,6 T IDR 8% 2% Business Lines 90% Contruction & Energy Property Others 46% Source of Fund 26% 28% 9 23 November 2018 New Project: Bendungan Deli Serdang : 127,7 B IDR Lowest Contract On Tender Progress: Infrastructure Project : 1.491,6 B IDR EPC Project : 676,5 B IDR Total : 2.168,1 B IDR 17% 21% Type of Work 62% Building Road Others Govt. SOE Private

10 ADHI 2018 PERFORMANCE TARGET REVENUE BREAKDOWN NET PROFIT Construction & EPC 18,5 T IDR ADHI Consolidation: 929 B IDR Manufacture Precast Property 10

11 EVALUASI KINERJA S.D. SEPTEMBER 2018

12 FULL YEAR 25,4% CAGR FY REVENUE in billion Rupiah FY15(A) FY16(A) FY17(A) FY18(F) 20,3% CAGR 9M M ,7% From FY 9M15 51,5% From FY 57,5% From FY 51,0% From FY 9M16 9M17 9M18

13 FULL YEAR 47,0% CAGR FY GROSS PROFIT in billion Rupiah GPM 10,4% GPM 10,1% GPM 13,6% FY15(A) FY16(A) FY17(A) FY18(F) GPM 16,7% 40,8% CAGR 9M M18 49,2% From FY 48,1% From FY ,8% From FY 49,8% From FY M15 GPM 9,9% GPM 9,8% GPM 11,6% 9M16 9M17 9M18 GPM 15,8% 13

14 FULL YEAR ,9% Margin 6,5% Margin 6,6% Margin 10,6% FY15(A) FY16(A) FY17(A) FY18(F) CAGR FY Margin 10,7% EBITDA in billion Rupiah 54,9% CAGR 9M ,7% From FY M18 43,8% From FY ,1% From FY 40,0% From FY M15 Margin 5,8% Margin 5,1% Margin 8,0% 9M16 9M17 9M18 Margin 12,3% 14

15 FULL YEAR NPM 4,9% NPM 2,8% NPM 3,4% 26,1% FY15(A) FY16(A) FY17(A) FY18(F) CAGR FY NPM 5,0% NET PROFIT in billion Rupiah 34,7% CAGR 9M M18 36,1% From FY ,6% From FY 36,6% From FY 39,9% From FY M15 NPM 2,5% NPM 2,0% NPM 2,4% 9M16 9M17 9M18 NPM 3,6% 15

16 ASSET, LIABILITY, AND EQUITY +0,1% in billion Rupiah ASSET YoY LIABILITY YoY 19,1% CAGR ,2% CAGR M M18 EQUITY YoY 5,7% CAGR M18 16

17 FINANCIAL RATIO DER (x) DEBT TO EBITDA (x) CURRENT RATIO (%) Covenant max. 2,75 1,44 1,34 2,75 3,40 4,60 5,60 3,98 156,1 129,3 140,7 141,0 0,60 0,78 100% Covenant min. 100% M M M18 DEBT-SERVICE COVERAGE RATIO (%) 434,0 INTEREST COVERAGE RATIO (x) 5,60 Covenant min. 120% 3,60 3,40 3,18 138,9 170,0 128,1 120% Covenant min. 3,00 3, M M18 17

18 FINANCIAL RATIO Net Profit Margin (%) Earnings Quality (%) 4,90 2,80 3,40 3,67 93,50 70,50 69,20 106, M M18 Return on Equity (x) 13,70 9,10 11,10 5, M18 18

19 940 THOUSAND TRIPS BURDENS DKI JAKARTA EVERY WEEKDAYS LIGHT RAIL TRANSIT PROJECT

20 LRT JABODEBEK LRT ROUTE LENGTH: 82.9 KM P h a s e I P h a s e II 6 Routes of LRT Jabodebek 1. Cawang-Cibubur: 14,9 km 2. Cawang-Kuningan-D.Atas: 11,1 km 3. Cawang Bekasi Timur: 18,5 km 4. D.Atas-Palmerah-Senayan: 7,8 km 5. Cibubur-Bogor: 25,0 km 6. Palmerah-Grogol: 5,7 km TOTAL STATION: 18 20

21 LRT JABODEBEK PHASE I PROGRESS Cawang - Cibubur 71,35% 49,10% Cawang Kuningan Dukuh Atas 37,27% Total Progress up to 16 Nov 2018 Cawang Bekasi Timur 41,86% 21

LRT JABODEBEK PHASE I DISBURSEMENT 3.425 T IDR Exc.

22 LRT JABODEBEK PHASE I DISBURSEMENT T IDR Exc. tax *Based on progress from September 2015 until September 2017 PAID on March 18 22

23 Transit Oriented Development

24 SHARES OWNERSHIP 51% 49% Spin-off on July 18 persada gedung persada properti persada beton commuter properti 99,6% 99,9% 99,7% 99,9% 24

25 TOD EXISTING PROJECTS DEVELOPMENT SUMMARY EASTERN GREEN Sta. BEKASI TIMUR URBAN SIGNATURE Sta. CIRACAS ROYAL SENTUL PARK Sta. SENTUL GATEWAY PARK Sta. JATICEMPAKA MTH 27 Sta. CIKOKO A D H I T O D 25

26 26 TOD SUMMARY - 5 PROJECTS Commercial Area Office Space Apartment LRT Stations Shophouse Recreation Area H e c t a r e M o r e T h a n 15,000 Total Development Area Apartment units

27 27 EASTERN GREEN DEVELOPMENT SUMMARY Location Total Area Partnership Scheme Development Type : East Bekasi, West Java : ±1.4 hectare : 60% ACP : 40% APP : Apartment, Commercial, Park & Ride POTENTIAL SALEABLE UNIT/AREA Apartment : ±936 units

28 28 URBAN SIGNATURE DEVELOPMENT SUMMARY Location Total Area Partnership Scheme Development Type : Ciracas, Jakarta : ±6.2 hectare : 60% ACP : Apartment, Commercial, Park & Ride POTENTIAL SALEABLE UNIT/AREA Apartment : ±4,676 units

29 29 ROYAL SENTUL PARK DEVELOPMENT SUMMARY Location Total Area Partnership Scheme Development Type : Sentul, Bogor, West Java : ±2.6 hectare : 65% ACP : Apartment, Commercial, Park & Ride POTENTIAL SALEABLE UNIT/AREA Apartment : ±1.626 units

30 30 GATEWAY PARK DEVELOPMENT SUMMARY Location Total Area Partnership Scheme Development Type : Jaticempaka, Bekasi, West Java : ±5.9 hectare : 60% ACP : Apartment, Commercial, Park & Ride POTENTIAL SALEABLE UNIT/AREA Apartment : ±4,200 units

31 31 MTH 27 DEVELOPMENT SUMMARY Location Total Area Partnership Scheme Development Type : Cikoko, Jakarta : ±4.0 hectare : 100% ACP : Apartment, Commercial, Office, Park & Ride POTENTIAL SALEABLE UNIT/AREA Apartment : ±760 units

32 PROYEK MONUMENTAL

33 Proyek Monumental MONUMEN NASIONAL 33 Monumen Nasional atau yang populer disingkat dengan Monas adalah monumen peringatan setinggi 132 meter (433 kaki), dibangun pada Agustus 1961.

34 Proyek Monumental MASJID ISTIQLAL 34 Salah satu mesjid terbesar di Indonesia, didesain oleh Arsitek Lokal Frederich Silaban.

35 Proyek Monumental STADION GELORA BUNG KARNO 35 Stadion terbesar di Indonesia, dibangun pada tahun 1962.

36 Proyek Monumental GEDUNG MPR-DPR Berlokasi di Senayan Jakarta Selatan. 36

37 Proyek Monumental TOL BALI MANDARA Jalan tol yang pertama yang ada di Bali dan dibangun di atas laut. 37

38 TERIMA KASIH Visit us at For further information please contact: Ki Syahgolang Permata, Corporate Secretary P F E. Disclaimer: Important Notice This document was prepared only for the party with the purpose of discussion. This document and its contents may only be reproduced, disclosed or used with the express written consent of PT Adhi Karya (Persero) Tbk. This document may contain statements that projected hopes and expectations in the future, which represents the Company's current circumstances with possible events in the future and financial planning. The projections are based on assumptions and available data at the time this data is created, containing risks and are subject to change at any time. PT Adhi Karya (Persero) Tbk. or connected parties will not be liable in any way for any consequences (including but not limited to any direct, indirect, or consequential losses) arising from or relating to any reliance on or use of the content of this document.

Stronger Fundamental and Excellent Growth

Investor Bulletin, First Half 2004 Stronger Fundamental and Excellent Growth For the first six months of 2004, PT United Tractors Tbk (UT/Company) recorded consolidated net revenue of IDR 4.29 trillion,