materi presentasi adhi · performance & target 2015a 8 total order book incl. jo 21,720 jo: 1,260...
TRANSCRIPT
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MANAGEMENT PRESENTATION
August 2016
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PN Adhi Karya was
established by
nationalizing a former
Dutch company called
Associatie N.V.
1960
1974
PN Adhi Karya was
changed to PT Adhi
Karya (Persero)
First SOE construction
that went Public on 18
March 2004
2004
2011
• Changes vision,
mission, and values
company
• Organizational
restructuring
• Establishment of ADHI
Learning Center
2012
persada properti
persada realti
2013
• MoU Mass SOE
Transportation
• Grandhika Hotel Blok M
• Precast Factory
Development
2014
2015
Rights issue for LRT & TOD
Construction
LRT Construction along
station and supporting
property
2016
MILESTONE ADHI
1
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CONSTRUCTION Energi PROPERTY & REALTY
MANUFAKTUR PRECAST
PT APG PT APP PT APB
Dept. LRT
Construction
Dept. LRT
Engineering
Dept. PMUDiv. Konstruksi 1 -
6
Dept. Property
TOD
Dept. Hotel
Infrastructure
Building
LRT
Power Plant
Industry
Oil & Gas
Property Realty
TOD
Precast
Concrete
Dept. Investment
Infrastructure
CONSTRUCTION ENERGY PROPERTY INDUSTRY INVESTMENT
LINES OF BUSINESS
2
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Government of Indonesia Public
51% 49%
FOREIGN
15,1%
LOCAL
33,9 %
per Juni 2016
ADHI SHARES OWNERSHIP
3
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M. Fadjroel
Rachman
President
Commissioner
Bobby Achirul
Awal Nazief
Commissioner
Wicipto
Setiadi
Commissioner
Rildo Ananda
Anwar
Commissioner
Muchlis
Rantoni
Luddin
Independent
Commissioner
Hironimus
Hilapok
Independent
Commissioner
4
BOARD OF COMMISIONERS
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Budi Harto
President
Director
Haris
Gunawan
Director
BEP Adji
Satmoko
Director
Djoko
Prabowo
Director
Budi
Saddewa
Soediro
Director
Pundjung
Setya Brata
Director
6
BOARD OF DIRECTORS
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ADHI SHARES PERFORMANCE
Last price as of August 8 : IDR 2,790
YTD Return : 28,97%
7
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PERFORMANCE & TARGET
82015A
Total Order BookIncl. JO21,720
JO: 1,260
JO: 1,582
JO: 318
Order BookNon JO
8,169
TotalRevenueIncl. JO 9,708
Total Order BookIncl. JO10,692
New Contract Non JO
12,380
Carry Over to 2016
Note:JO: Joint OperationRevenue JO is not booked on IS, only profit (loss) from JO
13,962
In IDR bn
JO: 2,523
2016F
Total Order BookTarget Incl. JO
35,102
JO:
1,805
Total
Revenue
20,051
JO: 1,694
TotalRevenueIncl. JO 21,746
Total Order BookIncl. JO13,357
New
Contract
Target
Non JO
23,259
Carry Over to 2017
NewContractTarget25,064
JO: 1,594
JO:1,483
6,438Carry Over
2014Non JO
5,178
Total
Revenue
9,389
Carry Over 2015
Non JO
8,555
Order BookNon JO
11,763
10,038
Amendment
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ORDER BOOK 6M16
2015 2016 6M15 6M16
New Contract 13.962 25.064 6.165 6.095
Carry Over 7.758 10.038 7.758 10.038
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5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
21,720
35,102
9
13,92316,133
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MARKET SEGMENTATION
2010 2011 2012 2013 2014 2015 2016F 6M16
PRIVATE 21,6% 16,5% 26,9% 40,0% 41,1% 32,0% 37,1% 22,4%
SOE 27,3% 47,8% 31,4% 20,4% 25,4% 18,9% 25,7% 52,7%
GOVERNMENT 51,1% 35,7% 41,7% 39,6% 33,5% 49,1% 37,2% 24,9%
51,1%
35,7%41,7% 39,6%
33,5%
49,1%
37,2%
24,9%
27,3%47,8% 31,4%
20,4%25,4%
18,9%
25,7% 52,7%
21,6%16,5%
26,9%
40,0% 41,1%32,0%
37,1%
22,4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
10
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NEW CONTRACT - TYPE OF WORK
11
2015 2016F 6M16
Dock 2,0% 5,0% 5,2%
Other Infra 22,0% 29,0% 16,4%
Road & Bridge 35,0% 21,0% 38,6%
Building 41% 45% 39,80%
41% 45% 39,80%
35,0%21,0%
38,6%
22,0%
29,0%
16,4%
2,0% 5,0% 5,2%
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2016 SALES TARGET
12
Konstruksi, Precast &
EPC; 18.370 ; 92%
Properti &
Hotel ;
1.682 ; 8%
in billion rupiah
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CONSOLIDATED PERFORMANCE
13
2015A 2016F
Sales (in Rp tn) 9,4 20,1
Net Profit (in Rp bn) 463,7 750,0
Gross Margin 10,4% 12,0%
EBIT Margin 9,1% 9,1%
EBITDA Margin 9,4% 9,5%
EAT Margin 4,9% 3,7%
6M15 6M16
3,2 3,1
70,4 55,5
10,1% 8,6%
7,1% 7,2%
7,6% 7,8%
2,2% 1,8%
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CONSTRUCTION & EPC
Construction & EPC 2015 2016F
New Contract 12.952 22.784
Sales 9.202 17.020
Gross Margin 8,3% 10,2%
In billion IDR
Construction & EPC 6M15 6M16
New Contract 5.449 5.829
Sales 3.135 2.994
Gross Margin 8,6% 6,4%
14
171
1.322
2.310 2.966
4.278
5.449 6.340
7.062
9.130 9.679
10.840
12.952
979 1.702
2.241
4.949 5.177 5.829
2015 2016
Monthly Contract Achievment
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PRECAST CONCRETEPrecast Concrete 2014 2015 2016F
New Contract 145,3 227,99 2.350
Sales 164,9 149,0 1.349
Gross Margin 20,8% 21,6% 11,8%
In billion IDR
15
Precast Concrete 6M15 6M16
New Contract 201,7 8,8
Sales 23,3 78,6
Gross Margin 1,0% 19,8%Pabrik Sadang Pabrik Mojokerto Pabrik Sadang Pabrik Mojokerto
Spun Pile 160,130 35,298 138,444 31,650
CCSP 46,200 12,128 15,925 10,491
Kolom 27,413 - 20,381 -
PCI Girder - 54,313 - 1,956
Square Pile 31,680 17,280 - -
FSP 56,100 - - -
Pile Cap 26,469 - 5,823 -
Box Culvert 17,417 - 8,170 -
Total 365,409 119,019 188,743 44,097
Nama ProdukKapasitas Seluruh (Ton) Produksi Terpakai (Ton)
Monthly Contract Achievment
- 0,1 3,8 5,9 7,3
201,7 206,2 210,7 212,3 215,7
223,2 228,0
2,1 2,1 3,8 5,5 7,1 8,8
2015 2016
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LIGHT RAIL TRANSIT (LRT)
16
WORK STAGES
CURRENT PROGRESS
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pilecapdimensi 4,5mx4,5mx2m
pierheaddimensi 9mx2,5mx1,6m
Girder U-ShapedTypical panjang span 30 m
pondasitiang pancang / borepile
kolomdimensi 1.85 x 1.85 m s.d 2 x 2m
T Y P I C A L C R O S S S E C TE l e v a t e d L R T S t r u c t u r e
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Bekasi timur
Bogor
Cibubur
Cawang
Senayan
Palmerah
Grogol
1st Phase Construction
TRASE
18
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PROPERTYIn billion IDR
Taman Melati Margonda
Total Area (sqm) 1,740
Property Apartment
Building Area (sqm) 20,727
Saleable Area (sqm) 14,968
Total Unit 513
2014 2015 2016F
Marketing Sales 911,3 784,8 2.157,6
Sales 858,8 610,6 1.681,7
Gross Margin 35,70% 29,90% 29,5%
Total Land Bank Development (sqm) 394.588
Total Land Bank Next Project (sqm) 50.861
Total Land Bank (sqm) 445.449
Property 6M15 6M16
New Contract 513,9 257,1
Sales 276,2 196,3
Gross Margin 29,7% 30,7%
20,8 57,2
261,2
358,4 412,9
513,9 541,1 597,9
675,9 697,6 711,2
784,8
8,9 27,2 84,7
142,2 199,7
257,1
2015 2016
Monthly Contract Achievment
19
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PROPERTY
Taman Melati
Surabaya @MerrTotal Area (sqm) 5.756
Property Apartement
Building Area (sqm) 53.562
Saleable Area (sqm) 32.240
Total Unit 1.130
Taman Melati
Jatinangor
Total Area (sqm) 4.645
Property Apartement
Building Area (sqm) 19.459
Saleable Area (sqm) 17.849
Total Unit 758
Taman Melati
Yogyakarta
@Sinduadi
Total Area (sqm) 5.239
Property Apartement
Building Area (sqm) 23.715
Saleable Area (sqm) 25.287
Total Unit 897
Development
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PROPERTY
Grand Dhika City
Bekasi (Cempaka
Tower)
Total Area (sqm) 9.000
PropertyApartement
Mixed Use
Building Area (sqm) 32.293
Saleable Area (sqm) 27.152
Total Unit 898
Total Area (sqm) 5.000
PropertyApartement
Mixed Use
Building Area (sqm) 41.802
Saleable Area (sqm) 27.828
Total Unit 793
Grand Dhika City
@Jatiwarna
(Emerald Tower)
Development
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PROPERTY
The Taman Dhika
Cinere
The Taman Dhika
Ciracas
The Taman Dhika
Sidoarjo Kota
Development
Total area (sqm) 13.000
Property Hunian
Total Unit 28
Total area (sqm) 8.400
Property Hunian
Total Unit 35 Total area (sqm) 270,920
Property Hunian
Total Unit 1,218
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PROPERTY
Cimone Mall
Mandau City
Mall
Grand Dhika
Commercial
Estate
Total area (sqm) 14.888
Property Commercial
Building area (sqm) 49.379
Saleable Area (sqm) 22.834
Total area (sqm) 16.000
Property Commercial
Building area (sqm) 9.606
Saleable Area (sqm) 8.858
Total area (sqm) 23.565
Property Commercial
Building area (sqm) 37.337
Saleable Area (sqm) 25.161
Development
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PROPERTY
Perkantoran
Taman Melati
Margonda 18 Office Park
Total area 4.035
Property Office
Saleable Area (sqm) 3.600
Total area 12.400
Property Office
Saleable Area (sqm) 7.200
Development
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PROPERTY
Taman Melati
Yogyakarta
@Sardjito
Next Project
Grand Dhika Mansion
@Pejaten Tahap I dan II
Total area (sqm) 22,042
Property Hunian
Total Unit 400
Total area (sqm) 4.941
Property Apartemen
Building area (sqm) 34.430
Saleable Area (sqm) 21.715
Total Unit 721 25
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PROPERTY
Taman Melati
Malang @Dinoyo
Total area (sqm) 4.841
Property Apartment
Building area (sqm) Gross 29.833
Saleable Area (sqm) Semi Gross 28.480
Total Unit 971
Mardhika Park
Next Project
26
Total area (sqm) 15.500
Property Apartment
Building area (sqm) Gross 58.447
Saleable Area (sqm) Semi Gross 49.680
Total Unit 2.160
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PROPERTYNext Project
Taman Melati
Margonda 3
Total area (sqm) 3.537
Property Apartment
Building area (sqm) Gross 32.516
Saleable Area (sqm) Semi Gross 22.920
Total Unit 882 27
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HOTEL
Hotel GrandhikaBlok M
Hotel GrandhikaSemarang
Hotel GrandhikaMedan
Total area (sqm) 2.700
Property Hotel
Building area (sqm) 21.883
Guest Room Unit 241
Total area (sqm) 3.618
Property Hotel
Building area (sqm) 10.231
Guest Room Unit 123
Total area (sqm) 2.346
Property Hotel
Building area (sqm) 12.597
Guest Room Unit 161
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PT Adhi Karya (Persero) Tbk.
THANK YOUVisit us at www.adhi.co.id
For further information please contact:
Ki Syahgolang Permata, Corporate Secretary
P. +62 21 797 5312 F. +62 21 797 5311 E. [email protected]
Disclaimer:Important Notice This document was prepared solely and exclusively for the parties presently being invited for the purpose of discussion. Neither this
document nor any of its content may be reproduced, disclosed or used without the prior written consent of PT Adhi Karya (Persero)Tbk.
This document may contain statements that convey future oriented expectations which represent the Company’s present views onthe probable future events and financial plans. Such views are presented on the basis of current assumptions, are exposed to variousrisks and are subject to considerable changes at any time. Presented assumptions are presumed correct, and based on the dataavailable on the date, which this document is assembled. The company warrants no assurance that such outlook will, in part of as awhole, eventually be materialized. Actual results may diverge significantly from those projected. The information in this document issubject to change without notice, its accuracy is not verified or guaranteed, it may be incomplete or condensed and it may notcontain all material information concerning the Company.
None of the Company, PT Adhi Karya (Persero) Tbk. or any person connected with any of them accepts any liability whatsoever forany loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith.
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http://www.adhi.co.id/mailto:[email protected]