Slide 1
Slide 2
Sekilas Indocement
Kondisi Pasar Semen Domestik Saat ini
Laporan Keuangan 2010
Rencana Strategi Investasi
Tinjauan 2011
Indocement at Glance
Current Domestic Market Condition
Financial Update 2016
Investment Plan Strategy
Outlook 2017
Q & A
HR, Corporate Social Responsibility and Awards
AGENDA
Slide 3
INDOCEMENT HISTORY
1985 PT Indocement Tunggal Prakarsa (Indocement) incorporated
following merger of 6 companies owning 8 cement plants
1989 Public listing of Indocement on the Indonesia Stock Exchange
1991
Acquired the 9th plant in Palimanan
Completed Surabaya cement terminal
Started ready-mix concrete business
1996-1999 Completed the 10th in Palimanan and 11th plants in Citeureup
Acquired 12th Plant via merger with PT Indo Kodeco Cement 2000
2001 HeidelbergCement Group became a major shareholder through its
subsidiary Kimmeridge Enterprise Pte. Ltd.
2003 Kimmeridge Enterprise Pte. Ltd. transferred shares in Indocement
to HC Indocement GmbH
2005 Introduced Portland Composite Cement (PCC) product to
Indonesian market
2006 HC SE Asia GmbH, was merged into HeidelbergCement AG which
then controlled 65.14% shares of Indocement
2007 Completed modification of the 8th plant which provided an
additional annual capacity of 600,000 tons of cements
2009 Placement of 14.1% HeidelbergCements shares in June 2009
2010
Additional capacity of 1.5 mt cement mills capacity by August 2010
in Cirebon Factory
2013
Started the construction of a new brownfield project with the
capacity of 4.4 mt in Citeureup
2014 Commissioning of new grinding mill (VRM) at Citeureup in
January 2014
2016 Partially initiate and operate new 14th Plants in October 2016
Slide 4
INDOCEMENT TODAY Leading Indonesian producer of quality & specialty cement products
Second largest cement manufacturer in Indonesia, listed on the
Indonesia Stock Exchange.
Integrated cement operations with a total current production capacity of
24.9 mt of cement.
Diversified product range including
OPC, PCC, PPC, TR Rapid, PCC Industry, and future products slag
cement
The one and only White Cement producer in Indonesia to date.
One of the worlds largest cement producers, HeidelbergCement Group,
is the majority & controlling shareholder 51%, Public 49%.
As of December 31, 2016, Indocements market capitalization is
approximately at IDR 56.7 trillion (IDR 15,400/share) - one of the largest
in IDX.
As end of 2016, 6,579 employees (Cement 4,517; RMC & Aggregates
2,040, Others 22).
Well established Tiga Roda brand and Rajawali brand which just
launched in October 2016.
Slide 5
INDOCEMENT PLANT CLINKER CAPACITY (In Thousands Ton Clinker per Year)
Cement Grinding Production
Capacity: 24.9 MillionTon per Year
Slide 6
BOARD OF COMMISSIONERS & BOARD OF DIRECTORS
Board of
Commissioners
Dr. Albert Scheuer
President Commissioner
Dr. Lorenz Naeger
Commissioner
Kevin Gluskie
Commissioner
Tedy Djuhar
VP Commissioner,
Independent
Commissioner
I Nyoman Tjager
VP Commissioner,
Independent
Commissioner
Dr. Bernd Scheifele
Commissioner
Board of Directors
Kuky Permana
Independent
Director
Franciscus
Welirang
VP Director
Hasan Imer
Director
Ramakanta
Bhattacharjee
Director
Troy Dartojo
Soputro
Director
Juan F. Defalque
Director
Christian
Kartawijaya
President Director
Benny S. Santoso
Director
Daniel Lavalle
Independent
Commissioner
David Clarke
Director
Slide 7
INDOCEMENTS BUSINESS STRUCTURE Cement is the core business comprising over 90% of sales
INDOCEMENT
CEMENT RMC OTHERS
Citeureup Factory
10 plants
Palimanan Factory
2 plants
Tarjun Factory
1 plant
PT Pionirbeton Industri &
PT Indomix Perkasa 38
batching plants in
Jabodetabek, West Java,
and Central Java
capacity more than 4.0
million m3.
PT Dian Abadi Perkasa 99.9%
(Cement Distributor)
PT Multi Bangun Galaxy 99.0%
(Terminal-Land Operation)
PT Pama Indo Mining - 40%
(Mining Services in Tarjun)
PT Bahana Indonor 99.9%
(Owns 1 ship and 1 floating
terminal)
PT Cibinong Center Industrial
Estate - 50% (Industrial Estate in
Citeureup)
PT Mineral Industry Sukabumi
99.9% (Trass Quarry)
PT Lintas Bahana Abadi -
99.9% (Owns 1 floating terminal)
AGGREGATES
PT Mandiri Sentra
Sejahtera 99.9%
(Aggregates Business)
PT Tarabatuh Manunggal
99.9% (Aggregates
Business)
Slide 8
INDOCEMENT FACTORY AND TERMINAL LOCATIONS
Citeureup Factory
10 plants with
production
capacity of 18.2mt
Tj. Priok Terminal
Palimanan Factory
2 plants with
production capacity of
4.1mt
Surabaya
Terminal
Lombok Terminal
Tarjun Factory
1 plant with production
capacity of 2.6mt
Banyuwangi Terminal
Samarinda Terminal
Denpasar Terminal
Cigading Terminal
Sepanjang
Terminal
Citeureup Factory is one of the largest integrated factory complexes in the world.
State-of-art technology with some of the most efficient kilns in operation today.
Current total capacity is 24.9 mt of cement.
Cement distribution using train for some locations.
Slide 9
Indocement at Glance
Current Domestic Market Condition
Financial Update 2016
Investment Plan Strategy
Outlook 2017
Q & A
Current Domestic Market Condition
HR, Corporate Social Responsibility and Awards
AGENDA
Slide 10
Indonesian Cement Industry 2017 Landscape
Lafarge Indonesia
1.6 mio ton
0.2 mio ton (g)
Semen Baturaja
2.1 mio ton
0.7 mio ton (g) Semen Indonesia
14.4 mio ton
0.5 mio ton (g)
Semen Puger
0.5 mio ton
Semen Kupang/Merah Putih
0.6 mio ton
Jui Shin
2.0 mio ton
Holcim Indonesia
11.9 mio ton
0.3 mio ton (g)
Semen Indonesia
10.3 mio ton
0.9 mio ton (g)
Merah Putih
4.2 mio ton
2.0 mio ton (g)
Indocement
24.9 mio ton
Total Cement Capacity in 2017 of 102.2* mio tons, from
89.9 mio tons in 2016
Source: ASI and internal estimation
Anhui Conch
2.6 mio ton
Panasia
2.0 mio ton
Siam Cement
2.0 mio ton
Semen Bosowa
4.0 mio ton
2.5 mio ton (g)
Semen Indonesia
7.8 mio ton
Anhui Conch
2.2 mio ton (g) * Total capacity in 2017 includes Finished Mills from Hao Han (0.6 mt), Semen Jakarta (1.5 mt), and Sun Fook (0.6 mt), excludes Rembang plant from Semen
Indonesia (1.5 mt)
Slide 11
INDONESIAN CEMENT MARKET GROWTH
Large infrastructure projects (MRT, road,
rail, harbor, airport), more expected to
come - MP3EI
Growing middle class with growing
income base
Urbanization
Effects on Demand
Source: ASI Published data
Effects on Supply
Additionally capacity coming to the market in
2016 and 2017
Higher fuel cost related to higher coal price
Increasing gap between supply and demand due to higher growth in capacity
addition vs. growth in demand
27.5 30.2 31.5 31.9 34.2
38.1 38.4 40.8
48.0
55.0 58.0 59.9
62.0 62.0 47.5 47.5 46.1 44.9 44.9 44.9 48.7 50.9
54.1 59.8
62.8
70.1
77.4
89.9
1.8%
9.7%
4.2%
1.5%
7.0%
11.4%
0.9%
6.2%
17.7% 14.5%
5.5%
3.3% 3.5% 0.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Mio ton
Domestic Consumption (LHS) Domestic Capacity (LHS) Consumption Growth (RHS)
Slide 12
CURRENT TRADING December 2016
Indocement sales volumes comparison
Indocements domestic sales volume in 2016 decreased by 2.9% YoY.
Export sales volume increased by 83% to 390.4 k tons (previous year: 213.2 k tons).
9.6 10.0 10.7
12.3 11.8 12.8
15.4
17.9 18.0 18.5 17.1 16.6
2.5 3.2
3.8
2.3 1.6
1.0 0.6
0.1 0.2 0.1 0.2 0.4
29.7% 30.6% 30.9%
31.6% 30.2%
30.9% 31.5% 32.0%
30.4% 30.4%
27.1% 26.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
2
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