wika company update april 2014 · 2015. 3. 6. · 1.menggunakan sk menteri bumn no....

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  • • Providing Excellent Integrated Product and Services on EPC and Investment for Infrastructure, High-Rise Building, Energy, Industrial Plant, Precast Industry & Property

    • Accomplish Key Stakeholders Expectation • Practicing Business Ethics to Promote Good Corporate

    Citizen and Company Sustainability • Strategic Overseas Expansion • Implementing “Best Practice” Integrated Management

    System

    2

  • 3

    BUSINESS PORTFOLIOIndustry Infrastructure & Building Energy & Industrial Plant Realty & Property Investment

    Beton Precast : - Concrete Precast Product - PC Bar dan PC Wire - Pengelolaan Material Alam - Chemical Adimixture Company - Mould Maker - Post Tensioning Industrial Facilities : - Steel Fabrication - Aluminium Casting - Plastic Injection Bitumen : - Granular Asphalt - Extraction Asphalt

    Civil Construction : - Road and Bridge - Seaport/Airport/Jetty - Dam & Barrage Building Construction : - Residential & Commercial - Facility Steel Construction : - Erection - Equipment Installation

    EPC : - Oil and Gas Plant - Petrochemical Plant - Cement Plant - Coal - Mining - Biofuels - Fertilizer - Pharmacy - Power Plant Operation & Maintenance : - Power Plant - Industrial Equipment

    Realty : - Landed House - Highrise : - Apartment - Condotel - Office - Mixed Use Property Management Industrial Estate

    Energy Water & Environment Transportation

    Civil Work Department 1 Civil Work Department 2 Regional Department Overseas Department Building Department

    Industrial Plant Department Power Construction Department Power Investment Department

    Building Department Power Investment Department Civil Work Department Building Department Industrial Plant Department

    BUSI

    NESS

    LINE

    WOR

    KING

    UNI

    T

  • Located in Jatigede district, West Java. With height more than 100m and 980 cubic mtr capacity, planned

    to have function to irrigate 90.000 acre area, providing fresh water for society .

    Jakarta MRT Underground and Elevated Section Design and built for civil work including 8 elevated

    stations and 13 Underground Stations Estimated Time of Completion 2018

    INFRASTRUCTURE & BUILDINGCivil Construction

    4

  • 15 November 2013 The New Ngurah Rai International Airport was finished and handover to Angkasa Pura I.

    Terminal 3 Extension Soekarno-Hatta Airport , Jakarta Design and Built, including 380.000sqm showpieces facility and new 25mppa terminal, open for business in late 2015

    5

    INFRASTRUCTURE & BUILDINGBuilding Construction

  • WIKA’s 1st EPC of Coal Fired Power Plant Amurang 2 X 25 MW, North Sulawesi, WIKA become the pioneer of local company to finished EPC power plant outside Java

    Aircraft Fuel Depot (DPPU) Soekarno Hatta Airport, Banten. The development and replacement of DPPU Soekarno Hatta Airport

    6

    ENERGY & INDUSTRIAL PLANTEPC

  • Operation & Maintenance Diesel Engine PP Bali 3X18 MW

    Operation & Maintenance Diesel Engine PP Bali 3X18 MW

    7

    ENERGY & INDUSTRIAL PLANTOperating & Maintenance

  • Bogor Plant - The biggest plant with 8 line of production, produce piles and poles precastBogor Plant - The biggest plant with 8 line of production, produce piles and poles precastproduce piles and poles precast Operational Area

    8

    INDUSTRY Beton Precast

  • Clinker and Cement Additives Transport System

    Steel Fabrication

    9

    INDUSTRY Industrial Facilities

  • INDUSTRY Bitumen

    ASPHALT MINING

    10

  • Ongoing Project

    11

    PROPERTY Realty

  • TURBINE GAS POWER PLANT BORANG 2 X 30MWDIESEL ENGINE POWER PLANT BALI 3 X 18 MW

    12

    INVESMENTEnergy

  • 1.Menggunakan SK Menteri BUMN No. SK-16/S.MBU/20122.Assessment by Indonesia Quality Award (IQA)3.Assessment by Kriteria Penilaian Kinerja Unggul (KPKU)4.Assessment by LPPM5.Assessment by AON Hewitt6. Assessment based Coso Framework 7. Assessment based ISO 31000

    GCG SCORE (Assessor: BPKP)

    CORPORATE RATING (Assessor: PEFINDO)

    PERFORMANCE EXCELLENCE

    ENGAGEMENT LEVELRISK MATURITY LEVEL

    CORPORATE ASSESSMENT

  • AWARDS & CERTIFICATIONS

    14

  • GCG SCORE ( BPKP

    BUMN BERSIH BPKP

    CGPI INDEX

    ASEAN SCORECARD

    CORPORATE GOVERNANCE ASSESSMENT

    15

  • ORDER BOOK, NEW CONTRACT, SALES & NET INCOME 2010 - 2014F

    2010 2011 2012 2013 2014F

    14,09811,885

    9,9057,7426,023

    25,831

    17,73117,12513,568

    10,223

    49,972

    38,26733,718

    26,591

    20,839

    Order Book New Contract Sales Net Income

    CAGR Net In

    come

    19,02%CAGR Sales

    18,52%

    16

    285 354479

    570678

  • 17

    GovernmentPrivate SOE* Included Private Project in Oil & Gas 2012 = Rp 1,73 triliun 2013 = Rp 859 miliar 2014 = Rp 2,4 triliun

    2012

    18,4% (Rp 3.136)

    30,6% (Rp 5.249)

    * 51,0%

    (Rp 8.740)

    33.0% (Rp 3.302)

    39.4% (Rp 3.938)

    27.6% (Rp 2.754)

    27,2% (Rp 7.022)

    34,2% (Rp 8.842)

    * 38,6%

    (Rp 9.967)

    25,4% (Rp 4.809)

    34,9% (Rp 6.605)

    39,7% (Rp 7.516)

    2014F

    24,3% (Rp 4.312)

    40,7% (Rp 7.209)

    * 35,0%

    (Rp 6.210)

    26,8% (Rp 4.041)

    30.8% (Rp 4.649)

    42,3% (Rp 6.382)

    2013

    SalesNew Contract SalesNew ContractSalesNew Contract

    (miliar Rp.)NEW CONTRACT & SALES

  • Description 2012 2013

    CONSOLIDATED OF COMPREHENSIVE INCOME 2013

  • Description 2012 2013 Growth YoYTotal Current Assets 7.250,64 7.994,29 9,30%Total Non Current Assets 3.770,13 4.600,67 18,05%

    TOTAL ASSETS 11.020,77 12.594,96 12,50%Total Current Liabilities 6.580,33 7.298,47 9,84%Total Non Current Liabilities 1.606,14 2.069,53 22,39%

    TOTAL LIABILITIES 8.186,47 9.368,00 12,61%Share Capital 610,56 614,01 0,56%Treasury Stock 0 (10,27)Additional PIC 756,06 713,75 -5,93%Change of Equity in Subsidiaries 23,53 429,40 94,52%Retained Earning 1.204,22 1.202,09 -0,18%

    Sub TOTAL EQUITY 2.594,36 2.948,96 12,02%Non Controlling Interest 239,93 278,00 13,69%

    TOTAL EQUITY 2.834,30 3.226,96 12,17%TOTAL LIABILLITIES & EQUITY 11.020,77 12.594,96 12,50%

    CONSOLIDATED OF FINANCIAL POSITION 2013

  • Description 1Q13 1Q14

    CONSOLIDATED OF COMPREHENSIVE INCOME 1Q14

  • DescriptionReceived from Customers 9.680,39 11.253,37Payment to Suppliers (8.828,93) (10.381,93

    Payment for Directors and Employees (162,98) (233,39)Payment for Operating Expenses and Others (89,24) (124,53)Deposit Interest Receipt 36,49 24,11Payment of Interest (44,58) (64,03)Payment of Taxes (112,99) (184,49)CASH FLOW FROM OPERATING ACTIVITIES 478,15 289,11CASH FLOW FROM INVESTING ACTIVITIES (1.072,56) (619,87)CASH FLOW FROM FINANCING ACTIVITIES 871,06 185,31INCREASE (DECREASE) OF NET CASH & CASH

    Q276,65 (145,45)

    BEGINNING BALANCE OF CASH & CASH EQUIVALENT 1.255,50 1.532,15ENDING BALANCE OF CASH & CASH EQUIVALENT 1.532,15 1.386,71

    CONSOLIDATED STATEMENT OF CASH FLOW 2013

  • Description 1Q13 1Q14 Growth YoYTotal Current Assets 7,994.29 7,892.37 -1.27%Total Non Current Assets 4,600.67 4,975.21 8.14%

    TOTAL ASSETS 12,594.96 12,867.58 2.16%Total Current Liabilities 7,298.47 7,417.69 1.63%Total Non Current Liabilities 2,069.53 2,039.83 -1.44%

    TOTAL LIABILITIES 9,368.00 9,457.52 0.96%Share Capital 614.00 614.00 0.00%Treasury Stock (10.27) (10.27) 0.00%Additional PIC 713.75 713.75 0.00%Change of Equity in Subsidiaries 429.40 429.40 0.00%Retained Earning 1,202.09 1,369.61 13.94%

    Sub TOTAL EQUITY 2,948.96 3,116.48 5.68%Non Controlling Interest 278.00 293.58 5.61%

    TOTAL EQUITY 3,226.96 3,410.06 5.67%TOTAL LIABILLITIES & EQUITY 12,594.96 12,867.58 2.16%

    CONSOLIDATED OF FINANCIAL POSITION 1Q14

  • DescriptionReceived from Customers 2,300.66 2,221.67 -3.43%Payment to Suppliers (2,256.44) (2,276.28) 0.88%Payment for Directors and Employees (48.12) (61.46) 27.73%Payment for Operating Expenses and Others (34.98) (27.46) -21.49%Deposit Interest Receipt 13.50 8.75 -35.20%Payment of Interest (1.15) (10.51) 810.39%Payment of Taxes (97.52) (75.68) -22.40%CASH FLOW FROM OPERATING ACTIVITIES (124.06) (220.97) 78.12%CASH FLOW FROM INVESTING ACTIVITIES (298.14) (156.15) -47.62%CASH FLOW FROM FINANCING ACTIVITIES 294.29 133.52 -54.63%INCREASE (DECREASE) OF NET CASH & CASH

    Q(127.91) (243.60) 90.45%

    BEGINNING BALANCE OF CASH & CASH Q

    1,499.14 1,386.71 -7.50%ENDING BALANCE OF CASH & CASH

    Q1,371.23 1,143.10 -16.64%

    CONSOLIDATED STATEMENT OF CASH FLOW 2013

  • CAPITAL EXPENDITURE 2013

  • CAPITAL EXPENDITURE 2014F

  • INVESTMENT

  • INVESTMENT

  • INVESTMENT

  • INVESTMENT

  • INVESTMENT

  • SHAREHOLDER’S STRUCTURE

    • Over 600 institutional investors• Approximately 8,391 individual shareholder• 669 Employees and former employees are shareholders

  • 32

    Analyst Recommendation as of March 2014

    Rp2.300

    Target Price

    ✓ Median Rp2.300 ✓ Maximum Rp3.000 ✓ Minimum Rp1.650

    BuyHoldsOverweightReduceUnderweight

    Source: BLOOMBERG, target price from 19 analyst as of March 2014

    Source: BLOOMBERG, target price from 17 analyst as of March 2014

  • YearNet Income (IDR Bio)

    EPS (IDR) Dividend Payout Ratio

    2008 156.03 26.75 30%2009 189.22 33.37 30%2010 284.92 50.15 35%2011 354.5 60.59 30%2012 457.86 76.01 30%

    STOCK PRICE PERFORMANCE

  • Additional Information is available upon request. For further Information please contact:

    Natal Argawan Pardede, Corporate SecretaryPhone (021) 8192808 or Facsimile (021) 8191235

    Visit us: www.wika.co.id

    DisclaimerThis material is for Information only, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The Information herein has been obtained from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such. Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for the use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or redistributed to others without written permission of PT Wijaya Karya (Persero) Tbk.

    The End of Presentation