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source: Indonesia Cement Association
source: Indonesia Cement Association
Bag cement still represent the largest portion of
Indonesia cement consumption
January 2020
Domestic Sales in Java v.s. Outside of Java
18.9 21.5 24.6 25.3 26.2 27.5 28.2 28.9 30.5 30.9
21.9 26.5
30.3 32.6 33.7 34.5 33.4 37.4
39.0 38.9
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Outside Java Java Growth
source: Indonesia Cement Association
32.8 34.2 39.2 44.1 45.7 46.9 47.5 46.8 49.4 50.8 51.0
6.2 6.68.8
10.8 12.2 13 14.5 14.816.9 18.8 18.7
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Cement demand growth was dominated by the growth of bulk cement to support infrastructure projects
Bag Vol Bulk Vol Growth Bag Growth Bulk Bulk Portion
in million ton
in trillion IDR
in million ton
74.98%
25.02%BULK
BAG
86
114
146
184 178
290
317
388 410 415 419
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
9
10
53.4%
25.6%
5.9%3.6% 3.0% 3.0%
1.7% 2.0% 1.4% 0.4%
SMGR(SMIG +
SBI)
INTP Conch Bosowa MerahPutih
Baturaja Jui Shin SiamCement
STAR SemenKupang
Market Sharesource: Indonesia CementAssociation
55.1%
25.1%
5.5%
2.3% 3.3% 2.5% 2.3% 2.0% 1.5%0.4%
SMGR(SMIG +
SBI)
INTP Conch Bosowa MerahPutih
Baturaja Jui Shin SiamCement
STAR SemenKupang
Market Share
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source: Indonesia CementAssociation
2020 2019 YoY(%)
Semen Indonesia
Domestic 2,087,805 2,146,463 -2.73%
Export 252,712 210,918 19.82%
2,340,517 2,357,381 -0.72%
TLCC
Domestic 72,715 80,198 -9.33%
Export 99,978 58,200 71.78%
172,692 138,398 24.78%
Total Group (SMGR) 2,513,209 2,495,779 0.70%
SBI (ex-Holcim)
Domestic 775,018 904,748 -14.34%
Export 69,219 36,620 89.02%
844,237 941,368 -10.32%
SMGR + SBI* 3,357,446 2,495,779 34.53%
JANUARYDESCRIPTION
-> Indented numbers in orange tables are SBI numbers
before the acquisition by SMIG thus not included in SMIG
consolidated numbers
* Total Group (SMGR) January 2019 excluding SBI sales
volume
** One small player not updated yet in January 2020
2020 2019 YoY(%)
Jakarta 305,737 355,886 -14.09%
Banten 249,235 288,183 -13.52%
West Java 862,725 896,320 -3.75%
Central Java 634,519 709,789 -10.60%
Yogyakarta 78,256 121,598 -35.64%
East Java 730,677 792,946 -7.85%
Total Java 2,861,149 3,164,723 -9.59%
Sumatra 1,053,427 1,177,220 -10.52%
Kalimantan 339,364 363,670 -6.68%
Sulawesi 462,454 462,961 -0.11%
Nusa Tenggara 275,916 289,966 -4.85%
East Indonesia - - #DIV/0!
Total Indonesia 4,992,311 5,458,540 -8.54%
Export Cement 68,856 70,328 -2.09%
Export Clinker 307,331 168,706 82.17%
Total Export 376,187 239,035 57.38%
Grand Total** 5,368,497 5,697,575 -5.78%
AREAJANUARY
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TUBAN PLANT
Cap SI: 14,7 Mt/YrCap LHI : 3,6 Mt/YrPort : 40.000 DWT
INDARUNG PLANT
Cap : 9,4 Mt/Yr
GP Dumai
GP Gresik
PP Lhoksumawe
PP Malahayati
PP Batam
Tl Bayur Port
PP Lampung
PP Pontianak
PP Samarinda
PP Banjarmasin
PP Balikpapan
PP Bitung
PP Palu
PP Mamuju
Biringkassi Port
PP Makassar
PP Kendari
PP Sorong
PP Ambon
PP Banyuwangi
PP Celukan Bawang
PANGKEP PLANT
Cap : 7,4 Mt/Yr
PP Belawan
PP Tj PriokPP Ciwandan SI
PP Maluku Utara
GP Ciwandan
PP Bengkulu
REMBANG
PLANT
Cap : 3 Mt/Yr
NAROGONG PLANT
Cap : 6 Mt/Yr
CILACAP PLANT
Cap : 3,4 Mt/Yr
PP Lhoksumawe
PP Belawan
PP Pontianak
PP Dumai
PP Batam
GP Kuala Indah
PP Lampung
GP Cigading
PP Ciwandan SP
LHOKNGA PLANT
Cap : 1,8 Mt/Yr
Source: Internal SMIG
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8,492 7,474 6,957
4,904 6,577 5,910
31.5%27.7% 26.6%
17.6%21.4%
21.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
-
2,000
4,000
6,000
8,000
10,000
2014 2015 2016 2017 2018 9M 2019
EBITDA EBITDA Margin
11,579 10,646 9,856 7,960 9,331 8,476
42.9%39.5% 37.7%
28.6% 30.4% 30.1%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
-
5,000
10,000
15,000
2014 2015 2016 2017 2018 9M 2019
Gross Profit Gross Profit Margin
5,566 4,521 4,522
1,621 3,079
1,295
20.6%
16.8% 17.3%
5.8%
10.0%
4.6%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
-
1,000
2,000
3,000
4,000
5,000
6,000
2014 2015 2016 2017 2018 9M 2019
Net Profit Net Profit Margin
26,987 26,948 26,134
27,814
30,688
28,123
10.1%
-0.1%-3.0%
6.4%10.3%
31.1%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
22,000
24,000
26,000
28,000
30,000
32,000
2014 2015 2016 2017 2018 9M 2019
Revenue Revenue Growth
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IMPORTANT NOTICE
THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFERFOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FORANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT,COMMITMENT OR INVESTMENT DECISION WHATSOEVER.
THE SLIDES USED IN THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND HAVE BEEN PREPARED AS A SUPPORT FOR ORALDISCUSSIONS ONLY. THE INFORMATION CONTAINED IN THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOURINFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON, IN WHOLE OR IN PART.
This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. Such statements involve known / unknown risks uncertainties and other factors, which could cause actual results to differ materially from historical results or those anticipated. Such factors include, among others:
● economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in
Indonesia;
● the effects of competition;
● the effects of changes in laws, regulations, taxation or accounting standards or practices;
● acquisitions, divestitures and various business opportunities that we may pursue;
● changes or volatility in inflation, interest rates and foreign exchange rates;
● accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets;
● labor unrest or other similar situations; and
● the outcome of pending or threatened litigation.
We can give no assurance that our expectations will be attained.
DISCLAIMERThe information contained in this report has been taken from sources which we deem reliable. However, none of PT Semen Indonesia (Persero) Tbk and/or its affiliated companies and/or their respective employees and/or agents make any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof.
We expressly disclaim any responsibility or liability (express or implied) of PT Semen Indonesia (Persero) Tbk, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Semen Indonesia (Persero) Tbk, its affiliated companies or their respective employees or agents accepts liability for any errors, omission or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expresses disclaimed.
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