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COMPANY UPDATE
June 2014
4
Company Overview 1
2
3
Business Strategy
Performance Highlight
Stock Performance
TABLE OF CONTENTS
5 Award 2013
Company Overview 1
“To be a leader in construc0on and investment company in Indonesia which
Interna+onally compe00ve”
VISION VISION AND MISSION
4
• Providing high value added construc4on services to maximize customer sa4sfac4on
• Increase the capability, capacity and sustainable employee welfare
• Providing added value to stakeholders • Maximizing synergies with Vendors, Business Partners and Strategic Clients
• Provide posi4ve contribu4on to the Environment and Society through the development of Green Corpora4on
-‐ SK Direksi No. 272/SK/PP/DIR/2013 Tanggal 16 Oktober 2013
MISSION
CORPORATE VALUES
5 -‐ SK Direksi No. 273/SK/PP/DIR/2013 Tanggal 18 Oktober 2013
1953 Establishment of NV PP
1971 Changed status to be a State Company
1991 Diversification to Property and Realty
2004 EMBO (Stock RI 51% KKSPP 49%)
2010 IPO
2011 Diversification to EPC and Investment
2013 Diversification to PP Precast
COMPANY’S MILESTONES
Structure Organization
7
8
Sumatra
Kalimantan Maluku
Java
Bali and Nusa Tenggara
Sulawesi
Branch IX: Pekanbaru
Branch I: Medan
Branch VI: Balikpapan
Branch VIII: Makassar
Branch II: Palembang
Branch III: Jakarta
Branch IV: Bandung
Branch V: Semarang Branch VII: Bali Timor Leste
NaNonwide OperaNon Network and Overseas
Branch OperaNon
Branch I: Aceh, North Sumatera
Branch II: Lampung, Bengkulu, South Sumatera, BaBel & Banten
Branch IX: West Sumatera, Jambi, Riau & Riau island
Branch III: DKI Jakarta
Branch IV: West Java
Branch V: Central Java, East Java, DIY
Branch VI: Kalimantan
Branch VII: Bali, NTB, NTT, Papua & Timor Leste
Branch VIII: Sulawesi, North Maluku, Maluku
2 Business Strategy
Efficiency
R & D, InnovaNon
Excellent HRD G C G
Risk Management
Healthy Financial
EPC CONSTRUCTION PROPERTY INVESTMENT/
PRECAST OTHER
BUSINESS STRATEGY RELATED DIVERSIFICATION
10
PHASE 1
PHASE 2
K O N S T R U K S I
11
P R O P E R T Y
12
E P C
13
INVESTMENT
14
PARK HOTEL CAWANG PARK HOTEL BANDUNG
INVESTMENT: POWER PLANT
15
PLTU 2X7MW - LAMPUNG TENGAH PLTU TALANG DUKU 58 MW SUMSEL
ITEM CAPACITY INVESTMENT PP SHARE PARTNER TIPE STATUS
Talang Duku 58 MW USD 59 Jt 49%
Navigate : 21% BER : 30%
Gas Turbine Opera4ng
Lampung 2x7 = 14 MW IDR 180 M 49% PT R : 51 % Coal Fire
Test & Commissioning
Lau Gunung 10 MW IDR 280 M 35%
Nusantara Inf : 45% Private : 20%
Mini Hydro
Financial Closing
INVESTMENT
16
OTHERS: PT PP PRECAST
17
OTHERS: EQUIPMENT UNITS (PT. PJA)
18
3 Performance Highlight
Net Income
Q1-‐2013 Q1-‐2014 IDR.42,5Million IDR. 61.4 Million
GROWTH PERFORMANCE Q1 2013 - 2014
Revenues
New Contract
Q1-‐2013 Q1-‐2014 IDR. 4,4 Trillion IDR. 4,5 Trillion
20
Q1-‐2013 Q1-‐2014 IDR. 1,28 Trillion IDR. 1,99 Trillion
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Operating Revenue 1,283,961 1,999,368 55.72%
Cost of Goods Sold 1,165,499 1,801,514 54.57%
Gross Profit 118,462 197,853 67.02%
Operating Expenses 40,286 59,067 46.62%
Operating Income 78,176 138,785 77.53%
Profit From Joint Venture 18,101 9,341 -48.40%
Profit Before Income Tax 79,600 122,188 53.50%
Total Current Comprehensive Income 42,544 61,433 44.40%
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
In Million of Rupiah Q1 2013 Q1 2014 Growth
21
CONSOLIDATION STATEMENT OF FINANCIAL POSITION
Current Assets 8,930,496 11,523,263 29.03%
Non Current Assets 370,413 528,890 42.78%
Total Assets 9,300,909 12,052,153 29.58%
Current Liabilities 6,127,554 8,420,407 37.42%
Non Current Liabilities 1,474,962 1,585,565 7.50%
Total Liabilities 7,602,516 10,005,972 31.61%
Shareholders Equity 1,698,394 2,046,180 20.48%
Total Liabilities & Shareholders Equity 9,300,910 12,052,152 29.58%
CONSOLIDATION STATEMENT OF FINANCIAL POSITION
In Million of Rupiah Q1 2013 Q1 2014 Growth
22
REVENUES
NET INCOME NEW CONTRACT
FINANCIAL HIGHLIGHT
23
(IDR. Million)
(IDR. Million)
(IDR. Billion)
8,621
12,535
19,475 19,583
24,189
-‐
5,000
10,000
15,000
20,000
25,000
30,000
4,401
6,232
8,003
11,655
16,266
-‐
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
202 240
309
420
520
-‐
100
200
300
400
500
600
EQUITY ASSETS
FINANCIAL HIGHLIGHT
24
(IDR. Million) (IDR. Million)
1,262 1,428
1,655
1,985
3,441
-‐
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
5,444
6,899
8,550
12,415
16,334
-‐
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
2011 2012 2013 2014 E
Na4onal Economic Growth 6.5% 6.2% 5.9% 6%
NaNonal Infrastructure Market IDR. 223.95 T IDR. 284.17 T IDR. 428.85 T IDR. 550 T
Growth 55.26% 26.89% 50.92% 28.25%
PTPP Targets IDR. 12.35 T IDR. 19.47 T IDR. 19.58 T IDR. 24.18 T
RaNo to NaNonal Infrastructure Market 5.51% 6.85% 4.57% 4.40%
PTPP Market Growth 43.27% 57.65% 0.56% 23.49%
MARKET OF INFRASTRUCTURE PROJECTS
25
MARKET SEGMENTATION
26
9.6%
35.1% 55.4%
GOVERNMENT SOE PRIVATE
25.0%
40.0%
35.0%
GOVERNMENT SOE PRIVATE
2014 E 2013
NEW CONTRACT AS OF MAY 2014
NO PROJECT VALUE 1 Graha Kalta, Pekanbaru 140 2 Bekasi Stadium Stage 6 183 3 Candi Land Apartement 113 4 Gadang Market - Malang 186 5 Land Mark Bandung 600 6 Oasis Apartement -‐ Cikarang 154 7 Amni Hotel -‐ Medan 124 8 Cilegon Super Mall 120 9 Iconic Apartement, Tangerang 103 10 Interchange Cikande -‐ Serang 122 11 Lexington Apartment -‐ Jakarta 442 12 Sawangan Apartement -‐ Depok ( Arsitecture) 605 13 Pinacle Residence, Semarang 200 14 Toll Moker 117 15 Condotel Hadiningrat 114 16 Dompu Nangadoro Hotel, Sumbawa 318 17 Sawangan Apartement -‐ Depok (Structure) 291 18 Wang Residence Ci4con 400 19 Pemasaran properti 179 20 Pemasaran PDA 409 21 Pemasaran PJA 37 22 Others 1,673
TOTAL 6,631 27
(IDR Million)
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Capital Expenditure (CAPEX)
No. INVESTMENT REAL 2013 2014 E I PT PP INVESTMENT A ENERGY 1. PLTMH 2 x 6.5 MW - Billion 24.74 Billion 2. Power Plant 100 MW 7.40 Billion - Billion 3. Power Plant 150 MW - Billion 49.25 Billion B INFRASTRUCTURE 1. CPO dock Kuala Tanjung - Billion 25.82 Billion 2. 6 Section of Jakarta Toll - Billion 25.20 Billion 3. Depok-Antasari Toll Road 19.25 Billion 54.00 Billion II INVESTASI ANAK PERUSAHAAN A PP PROPERTY 1. PP Properti Investment 70.00 Billion - Billion 2. PT Pancakarya Grahatama Indonesia 3.75 Billion - Billion B PP PRECAST 1. PP Pracast 75.00 Billion 130.33 Billion 2. Light Equipment - Billion 5.00 Billion C PP EQUIPMENT 1. PP Equipment Investment - Billion 32.00 Billion 2. Heavy Equipment - Billion 99.25 Billion 3. Vehicle - Billion 1.02 Billion III FIXED ASSETS 1. Park Hotel Building Jakarta 3.34 Billion - Billion 2. Park Hotel Building Bandung 9.86 Billion - Billion 3. Wisma Subiyanto Building 13.52 Billion - Billion
202.12 Billion 446.61 Billion
81.49%
3.82%
13.88%
0.05% 0.75%
CONSTRUCTION PROPERTY EPC INVESMENT PP PRECAST PP EQUIPMENT
74.34%
6.40%
13.39%
0.14% 2.58% 3.14%
CONSTRUCTION PROPERTY EPC INVESMENT PP PRECAST PP EQUIPMENT
CONTRIBUTION OF BUSINESS PILLARS
2014 E 2013
29
4 Stock Performance
MINORITY STOCK OWNERSHIP
31
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
31-‐Oct-‐13 30-‐Nov-‐13 31-‐Dec-‐13 30-‐Jan-‐14 28-‐Feb-‐14 28-‐Mar-‐14
12.95% 12.44% 12.26% 12.33% 12.18% 13.15%
2.30% 2.44% 1.48% 2.19% 2.37% 2.53% 2.87% 2.98% 3.29% 3.34% 3.25% 3.32%
12.40% 11.88% 13.06% 13.76% 14.92% 15.84%
4.92% 4.91% 4.86% 4.40% 4.04% 3.57%
6.41% 7.19% 6.85% 5.96% 5.56% 4.21% 0.27% 0.29% 0.40% 0.30% 0.34% 0.34%
Securi4es Individual Domes4c Insurance Mutual Fund Pension Fund Limited Company Foreign
SHARE MOVEMENT 2013 – 2014
32
Others ConstrucNon Company
PEFINDO RATING
33
BBB-‐
BBB BBB
BBB+
A-‐
A
0
50
100
150
200
250
300
2008 2009 2010 2011 2012 2013
5 Award 2013
• Cer4ficate of Green right Green Building Expo & Conference 2013 10-‐13 April 2013 1
• Award as Pioneer of Green Contractor from Ministry of State Owned Enterprise date on May 19, 2013 2
• SOE Web Award Nominations Best Website 2013 Category SOE Best date on June 10, 2013 from Beritasatu.com 3
• The Best Innovation of the Green Technology Award with Green Building /Green Construction on 27-‐30 June 2013 from BUMN INOVATION AWARD 4
• The Best Product Innovation of Infrastructure Sector Award with Green Building Green Construction Innovation on 27-‐30 June 2013 from BUMN INOVATION AWARD 5
• SOE MARKETING AWARD 2013 of PT PP (Persero) Tbk date on August 27, 2013 6
• Award as a public ins4tu4on VII rank in the category of public ins4tu4on disclosure state-‐owned enterprises 7
AWARD 2013
35
Certificate Greenright Green Building Expo & Conference 2013 on
10-13 April 2013
SOE Web Award Nominations Best Website 2013 of
Category SOE Best date on June 10, 2013
Award as Pioneer of Green Contractor date on
May 19, 2013
The Best Innovation Award of the Green
Technology Innovation Construction Green
Building on 27-30 June 2013
The Best Product Innovation Award of
Infrastructure Sector With Green Building
Construction Innovation on 27-30 June 2013
36
Award as a public institution VII rank in the category of public institution disclosure
state-owned enterprises
AWARDS OF 2013
PTPP was Awarded 2 of Certification in BUMN Innovation Award 2013
PTPP was Awarded Certification from DKIJakarta Governor for its Participation on Garden and
Reforestation Competition
PT PP was Awarded 3 of Certification from State Owned Enterprise
President Director of PTPP was Awarded as one of The Most Admired CEO in 2013
37
AWARDS OF 2013
Plaza PP – Wisma Subiyanto Jl. Letjend. TB. Simatupang No 57
Pasar Rebo, Jakarta 13760 – Indonesia Telp. +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: