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COMPANY UPDATE
July 2013
PT PP (Persero) Tbk
4
Company Overview1
2
3
Company Strategy
Performance Highlight
Stock Performance
DAFTAR ISI
Company Overview1
To be a leader in construction and investment business
by providing excellence added value to Stakeholders
“Providing construction services and doing investments to give added value
to Stakeholders, supported by healthy financial structure, efficient, innovative, green
program as one of competitive advantage, global vision and prosperous employees”
VISION
MISSION
Vision & Mission
1953 1971 1998 2009
2010200419911962
Construction of
Hotel Indonesia
Changed status to be a State
Company
Diversification to Property and Realty
Consolidation Post Asian
Crisis
Go Public Preparation
EMBO (Controlling remains with
GOI )
Go Public
Establishment of
NV PP
Established in 1953 as a house builder, PP is now one of the largest construction and investment company in Indonesia
5
COMPANY’S MILESTONES
PROPERTI INVESTASI
• HIGHRISE BUILDING• ROAD & BRIDGES• PORT• POWER PLANT• DAM
• COMMERCIAL CENTRE
• APARTMENT• OFFICE• LANDED HOUSE
• HOTEL
• POWER PLANT• TOLL ROAD• PORT
3
Our focus is in construction, Our strategic investments have been designed to create construction business opportunities, Engineering Procurement Construction (EPC) and Others
CONSTRUCTION PROPERTY EPC
• POWER PLANT• OIL & GAS• MINING
INVESTMENT
6
OTHERS
• PRECAST CONCRETE FACTORY
• HEAVY EQUIPMENT
• SUBSIDIARIES
BUSINESSLINES
BALCONY CITY
PALADIAN PARK
K K C C PARK HOTEL JAKARTAPERMATA PURI NGALIYAN SEMARANG
GRAND SLIPI TOWER PARK HOTEL BANDUNG
P R O P E R T Y
7
COMBINE CYCLE POWER PLANT 3 X 40 MW - CILEGON
GAS ENGINE POWER PLANT 100 MW – DURI RIAUGAS ENGINE POWER PLANT 90MW - JAMBI
GAS TURBINE POWER PLANT 65 MW - PALEMBANG
COAL FIRED POWER PLANT 2 x 7 MW - LAMPUNG
E P C
8
PLTG TALANG DUKU 65 MW SUMSEL
TM 2500Has been in operation since the 18th February 2012
9
INVESTMENT
2 Company Strategy
INVESTMENTEPCPROPERTYCONSTRUCTION
REGULAR
Risk Management
Healthy Financial
Efficiency
R & D, Innovation
GROWTH STRATEGY
11
HRD (Human Resource
Development)
G C G (Good Corporate
Governance)
OTHERS
3 Performance Highlight
GROWTH PERFORMANCE 2012
2011 2012IDR. 6,23 Trillion IDR. 8,00 Trillion
28,43%Revenue
2011 2012IDR. 91,25 Million IDR. 104,02 Million
14,00%Capital Expenditure
57,65%New Contract
2011 2012IDR. 12,35 Trillion IDR. 19,47 Trillion
28,91%Net Income
2011 2012IDR. 240,22 Million IDR. 309,68 Million
13
Business Lines 2013 - F %
BUILDING 9,700,000 49.24
ROAD & BRIDGE 4,100,000 20.81
IRRIGATION 1,200,000 6.09
PORT 800,000 4.06
OTHERS 350,000 1.78
EPC 2,000,000 10.15
INVESTMENT 1,000,000 5.08
PROPERTY 550,000 2.79
TOTAL 19,700,000 100
Business Lines 2012 %
BUILDING 7,336,575 37.67
ROAD & BRIDGE 1,703,716 8.75
IRRIGATION 432,330 2.22
PORT 8,384,643 43.05
OTHERS 669,549 3.44
EPC 834,181 4.28
INVESTMENT - -
PROPERTY 113,710 0.58
TOTAL 19,474,704 100
NEW CONTRACTNEW CONTRACT
NEW CONTRACTIDR Million
14
IDR Million
INCOME STATEMENT
15
2012 2011
(Audited) (Audited)
Operating Revenue 8,003,872 6,231,897 28.43%
Cost of Goods Sold 7,149,367 5,526,135 29.37%
Gross Profit 854,505 705,762 21.08%
Operating Expenses 143,680 130,981 9.70%
Operating Income 710,825 574,781 23.67%
Profit From Joint Venture 141,776 80,159 76.87%
Profit Before Income Tax 545,391 418,476 30.33%
Total Current Comprehensive Income 309,682 240,223 28.91%
In Million of Rupiah Growth
IDR Million
BALANCE SHEET
16
2012 2011
(Audited) (Audited)
ASSET
Current Assets 8,188,945 6,636,861 23.39%
Non Current Assets 361,905 296,492 22.06%
Total Assets 8,550,850 6,933,353 23.33%
LIABILITIES & SHAREHOLDERS EQUITY
Current Liabilities 6,032,342 5,095,936 18.38%
Non Current Liabilities 862,659 411,977 109.39%
Total Liabilities 6,895,001 5,507,913 25.18%
Shareholders Equity 1,655,849 1,425,440 16.16%
Total Liabilities & Shareholders Equity 8,550,850 6,933,353 23.33%
In Million of Rupiah Growth
GROWTH PERFORMANCE Q1-2013
79,3%Revenues
176,5%New Contract
Q1-2012 Q1-2013IDR. 1,7 Trillion IDR. 4,7 Trillion
50,7%Net Income
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Q1-2012 Q1-2013IDR. 714,8 Million IDR. 1,28Trillion
Q1-2012 Q1-2013IDR. 28,2 Million IDR. 42,5 Million
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
18
Operating Revenue 714,875 1,283,961 79.61%
Cost of Goods Sold 639,626 1,165,499 82.22%
Gross Profit 75,249 118,462 57.43%
Operating Expenses 28,377 40,286 41.97%
Operating Income 46,872 78,176 66.79%
Profit From Joint Venture 11,548 18,101 56.75%
Profit Before Income Tax 48,414 79,600 64.42%
Total Current Comprehensive Income 28,258 42,544 50.56%
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
In Million of Rupiah Q1 2012 Q1 2013 Growth
19
CONSOLIDATION STATEMENT OF FINANCIAL POSITION
Current Assets 6,461,737 8,930,496 38.21%
Non Current Assets 311,609 370,413 18.87%
Total Assets 6,773,346 9,300,909 37.32%
Current Liabilities 4,715,263 6,127,554 29.95%
Non Current Liabilities 604,385 1,474,962 144.04%
Total Liabilities 5,319,648 7,602,516 42.91%
Shareholders Equity 1,453,698 1,698,394 16.83%
Total Liabilities & Shareholders Equity 6,773,346 9,300,910 37.32%
In Million of Rupiah Q1 2012 Q1 2013 Growth
CONSOLIDATION STATEMENT OF
FINANCIAL POSITION
REVENUES NET INCOME
NEW CONTRACT
20
FINANCIAL HIGHLIGHT
-
5,000
10,000
15,000
20,000
25,000
6,054
8,621
12,353
19,475
19,700
-
2,000
4,000
6,000
8,000
10,000
12,000
4,203
4,401
6,232
8,004
10,200
20092010
20112012
2013 E0
50
100
150
200
250
300
350
400
163
202
240
309
370
EQUITY ASSETS
21
FINANCIAL HIGHLIGHT
-
500
1,000
1,500
2,000
2,500
548
1,262
1,428 1,656
1,987
20092010
20112012
2013 E -
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
4,126
5,444
6,899
8,512
9,261
Carry Over 8,200
Revenue8,003
Carry over15,870
Revenue10,200
Prop 113
Prop 550
EPC 834
EPC 2000Construction
14,727
Cosntruction12,150JO
3,800
JO4,000
Inv 1000
Carry Over 2013
15,870
Carry Over 2013
21,370
19, 4
74
19,7
00
27,674
35,570
ORDER BOOK
2012 201322
PROJECT IDR Billion
CNG Muara tawar (EPC) 462Gas Turbine Power Plant 160 MW - Bangkanai (EPC) 461Intermark Apartements - Serpong 325Bloomington 252Pakuwon Supermall - Surabaya 247Infrastructure PLTU 300 MW - Sarulla 215Cement Factory Bosowa Maros 184Grand Slipi Tower (PROP) 142Toll Solo - Kertosono 99Gleno Road - Tibar Timor Leste 264NIFARO 191KBS Cilegon 126Bekasi Stadium - Stage 5 105IPDN - Lombok 102Indofood Road 84Cikampek Toll Road 454Panghegar Hotel - Pekanbaru 250Balaraja Tangerang toll 113Ciputra shophouses – Medan 105Grand Dafam Hotel 75
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NEW CONTRACT AS OF JUNE 2013
PROJECT IDR Billion
Tanjung Uncang (EPC) 1,106The Kencana 214Ciputra World - Surabaya 205ST. Moritz Mall, Package Finishing 139M-Gold Tower Bekasi 126Hotel AP I Ngurah Rai 86Soekarno Hatta Airport Terminal 3 ULTIMATE 641KAI Package I 218Matahari Mall - Karawang 120Bank Mandiri Palembang 95Telkom Office Building - Medan 79Ulu Watu Resort Hotel 267St Moritz 159Tunjungan Plaza V - Surabaya 156ST. Moritz Mall 124TOL Gempol - Pandaan - / Pasuruan / Porong 116JW Marriot Ancol 80Rainbow Hill Hotel & Ballroom 70Others 1,610
TOTAL 9,86624
NEW CONTRACT AS OF JUNE 2013
4 Stock Performance
MINORITY STOCK OWNERSHIP
26
31-Jan-13 28-Feb-13 31-Mar-13 30-Apr-13 31-May-13 30-Jun-130%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
44.57% 45.85% 45.65% 42.38% 39.25% 38.55%
6.91% 7.23% 6.84% 7.52%6.57% 5.18%
4.83% 5.27% 6.07% 6.06%5.75% 5.51%
19.29% 18.27% 23.35% 25.44% 28.63% 31.06%
4.23% 4.52%1.33% 1.24% 2.71% 2.58%
19.06% 17.14% 15.16% 15.68% 15.26% 15.50%
1.11% 1.73% 1.61% 1.68% 1.81% 1.62%
Securities Individual Domestic Insurance Mutual Fund Pension Fund Limited Company Foreign
SHARE MOVEMENT JAN – JUNE 2013
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Plaza PP – Wisma Subiyanto Jl. Letjend. TB. Simatupang No 57
Pasar Rebo, Jakarta 13760 – IndonesiaTelp. +62 21 840 3883 ; Fax. +62 21 840 3890
website : www.pt-pp.com
This presentation material is for information only and intended to express our opinion on company’s fundamental at the current, which subject to change without notice at any time. The information herein has been obtained from sources believed to be reliable, but we do not warrant that is accurate or complete data. The Company does not make any representation or warranty with respect to the accuracy or completeness of the assumptions contained in this presentation material.
Disclaimer: