Company Update - web.waskitaprecast.co.idweb.waskitaprecast.co.id/uploads/WSBP FY16 - Company...
Transcript of Company Update - web.waskitaprecast.co.idweb.waskitaprecast.co.id/uploads/WSBP FY16 - Company...
Company Update
1
PT WASKITA BETON PRECAST Tbk
December 2016
Company Profile
3
Key Milestones
2013 2014 2015 Juni 2016
50
01,5
00
2,5
00
Precast Division started its operational
activity
PT Waskita Beton Precast was established as a subsidiary of PT Waskita Karya (Persero) Tbk on
7 October 2016
Production Capacity
(ton/year)
Indonesia’s biggest precast and
readymix company
*) Notes: Revenue for 2014 was Consolidation between precast division and WSBP
September 2016
Revenue of Rp 1
Triliun*)
800,000 tons/year
616,000
tons/year
Revenue of Rp
2,6 Triliun
1.8 mn
tons/year
Revenue Rp 1,9
Triliun
As per June 2016
2.3 mn
tons/year
Solo – Kertosono
Toll Road
Becakayu and
Pejagan – Pemalang
toll road
Cimanggis Cibitung
Toll Road
Benoa Toll
Road
Desember 2016
Revenue of
Rp4,7 Triliun
2.65 mn
tons/year
Legundi-Bunder
Toll Road
IPO 5,16 T
PRECAST
WSBP's Precast Division remains to be the biggestcontributor to the company's revenue
4
Business Line - Precast
Precast75%
Readymix25%
Precast Division produces precast concrete productsthat are suitable for infrastucture projects in Indonesia
Cibitung
(350,000 ton)
Sadang
(375,000 ton)
Sidoarjo
(325,000 ton)
Palembang
(100,000 ton)
Karawang
(400,000 ton)
Kalijati
(250,000 ton)
Subang
(300,000 ton)
Bojanegara
(200,000 ton)
Klaten
(100.000ton)
Gasing
(250,000 ton)
800,000
1,800,000
2,300,000
2,650,000
3,250,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2014 2015 8M 2016 FY 2016 2017
Production Capacity (ton)
5
Precast Product Line-Up
Products in Development
ELECTRIC POLE
Existing Products
SLEEPER SPRIG WP RC PIPE
In Development
Process
L GUTTERU DITCH CCSP U GUTTERDIAFRAGMA
WALLFCSP
BOX GIRDER PCI GIRDER
PCU GIRDER
PCT GIRDER SPUN PILE 60cmSQUARE PILE
RC PLATEBARRIER HALF SLABFULL SLAB VOIDED SLAB
SPUN PILE 1,2m
FACADE
In Development
Process
Readymix division producs readymix concrete withstrength ranging from K100 to K700
6
Business Line - Readymix
Precast75%
Readymix25%
READYMIX
Readymix contribution to the company's revenuehas grown over the year from 20% in 2015 to25% in 2016
BATCHING PLANT JABODETABEKCengkarengBecakayuCakungDesariKarawaci Bocimi KemayoranCimanggis
BATCHING PLANT PEJAGAN - PEMALANG BalamoaWarureja Adiwerna
BATCHING PLANT PEMALANG - BATANG PetarukanSragi Warung Asem
BATCHING PLANT BATANG - SEMARANG Gringsing Subah KandemanPegandon
BATCHING PLANT SOLO -KERTOSONO MasaranBanaranBalerejoSidoharjoKebonromoWalikukun
BATCHING PLANT PASURUAN -PROBOLINGGOMunengTongas
BATCHING PLANT SURABAYADarmo
BATCHING PLANT LRT PALEMBANGJl. Soekarno-Hatta Jakabaring
BATCHING PLANT BATANG -SEMARANG Gringsing Subah KandemanPegandon
BATCHING PLANT TOL SUMATERA Lampung Medan-Kualanamu
Corporate Performance
By having a focused long term plan and supported by strategic portfolio projects, WSBP is estimated to contribute
to some Waskita’s rapid growth business line
8
Year 2014 2015 2016 2017F 2018F
Contract Value (IDR)
3,3 T 2,2 T 12,2 T POTENTIALS POTENTIALS
Projects
Becakayu (Seksi 1-2)Pejagan Pemalang(Seksi 3)
Pejagan Pemalang(Seksi 4)
Tol Probolinggo -Banyuwangi
Bekasi-Cawang-Kp.Melayu (Becakayu Seksi 3-4)
Pejagan Pemalang(Seksi 1-2)
Kuala Tanjung PortCimanggis CibitungPaket 2
Cinere -Serpong Penajam
Depok - Antasari Tollroad
MKTT Pemalang BatangTol Tebing Tinggi –Rantau Prapat – Toba
Cibitung Cilincing
Solo - Ngawi (Seksi1-2)
Batang SemarangTol Terbanggi Besar –Kayu Agung
Ngawi Kertosono Bogor Ciawi 2 - 4Tol Jakarta –Cikampek Elevated
Cimanggis CibitungPaket 1
LRT – PalembangTol Terbanggi Besar -Mesuji
Legundi - Bunder Tol Kediri - Kertosono
Kayu Agung-Palembang - Betung
Tol Japanan Mojosari - Mojokerto
Pasuruan -Probolinggo
Dermaga Kijing
Tol Boyolali - Salatiga Tol Tebing tinggi -Siantar Prapat
Group Synergies
9
New Contract Achievement
• Carry Over: Rp 2.8 T
• New Contract per Des 2016 :Rp 12,2 T
• Order Book as per 2016 :Rp 15 T
495 355 430 558 329 731
3046
1971
11066
4099
2655
12,227
0
2000
4000
6000
8000
10000
12000
2014 2015 2016A
New Contract Achievement (Rp Bn)
Internal Eksternal Business Development Total New Contract
4099
5870
15000
0
2000
4000
6000
8000
10000
12000
14000
16000
2014 2015 2016
Orderbook (Rp Mn)
10
New Contract Achievement
NO. PROJECT VALUE (Rp Mn)
1 Precast & Readymix Jalan Tol Legundi-Bunder 2,600,000
2 Precast, Readymix - Pekerjaan Pembangunan Jalan Tol Cimanggis - Cibitung (Seksi 2) 2,230,241
3 Precast, readymix Jalan Tol Batang Semarang 1,509,763
4 LRT Palembang 1,021,510
5 Tol Bogor Ciawi Sukabumi Seksi 2,3,4 790,783
6 Kayu Agung - Palembang - Betung 704,765
7 Precast, Readymix - Pembangunan Jalan Tol Pemalang - Batang Seksi I 481,162
8 Tol Terbanggi Besar - Kayu Agung Ruas Terbanggi Besar - Mesuji Lanjutan 1A, 25 KM 469,048
9 Readymix - Proyek Pembangunan Tol Pasuruan - Probolinggo 388,074
10 Proyek Tol Pejagan - Pemalang Seksi IV 368,054
11 Readymix, Precast - Seksi IV Ruas Salatiga - Boyolali, Paket 4.1, Paket 4.2, Paket 4.3 260,511
12 CCSP Normalisasi serta Peningkatan Turap Kali & Saluran PHB di Provinsi DKI Jakarta 229,201
13 PCI Girder - Proyek Jalan Bebas Hambatan Manado – Bitung AB : RT 6A 15 121 142,897
14Spun Pile - Pembangunan Pantai Di Jakarta Tahap 2 Paket 1 di Muara Baru, Jakarta Utara Giant Sea Wall
120,643
15 Proyek Lainnya < Rp 10 Milyar 110,844
16 PCI Girder - Add III Tol Bakaauheni-Terbanggi Besar Seksi 2 (Tol Trans Sumatera) 89,693
17 Tol Bogor - Ciawi - Sukabumi Seksi 1 Paket 3.2 75,401
18 Bocimi Ex POSCO Zona A 69,551
19 Readymix - Proyek Pembangunan Rusun Pasar Rumput 68,146
20PCI Girder - Proyek Jalan Tol Bogor-Ciawi-Sukabumi Seksi 1 Paket 1 (Pakancilan, Harjasari, Bojongkerta 1-2, Cikareteg), SUKABUMI PAKET 1 (2)
66,720
11
Production Performance FY16
800.000
1.800.000
2.650.000
58%
64%
70%
40%
45%
50%
55%
60%
65%
70%
75%
80%
0
500000
1000000
1500000
2000000
2500000
3000000
2014 2015 2016
Capacity & Utilities
Capacity Utilities
463,200
1,160,000
1,561,229
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2014 2015 2016
Volume Produksi Precast
12
Balance Sheet Position
*) no loans
1,202.0
4,332.0
14,172
2014A 2015A 2016A
Total Asset
Total Assets
761.04
3,355.99
2014A 2015A 2016A
Interest Bearing Debt
Interest Bearing Debt
702.10 1,330.80
7,486.8
2014A 2015A 2016A
Total Equity
Total Equity
13
Earnings Performance
160.8
440.2
1,015.3
15.70%17.05% 21.46%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
2014A 2015A 2016A
EBITDA (Rp M)
EBITDA
EBITDA Margin
149.3
334.4
622.3 14.57%
12.64%
13.15%
11.50%
12.00%
12.50%
13.00%
13.50%
14.00%
14.50%
15.00%
-
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2014A 2015A 2016A
Net Income (Rp M)
Net Profit
Net Margin
838.1
2,224.9
3,679.1
18.20%
15.86%
22.25%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
-
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
3,500.0
4,000.0
2014A 2015A 2016A
COGS(Rp M)
COGS
Gross Margin
1,024.6
2,644.3
4,717.2
-
1,000.0
2,000.0
3,000.0
4,000.0
5,000.0
2014A 2015A 2016A
Revenue (Rp M)
14
Financial Ratio
*) no loans
1.96
1.52 1.24
-
0.50
1.00
1.50
2.00
2.50
2014A 2015A 2016A
Current Ratio
21.26%
25.13%
14.11%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
2014A 2015A 2016A
Return on Equity
12.42%
7.72%6.73%
0.00%
5.00%
10.00%
15.00%
2014A 2015A 2016A
Return on Assets
0.57
0.45
-
0.10
0.20
0.30
0.40
0.50
0.60
0.70
2014A 2015A 2016A
Debt to Equity Ratio
DisclaimerThis material is for information only, and we are not soliciting any action based upon it. This report is not to beconstrued as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer orsolicitation would be illegal. The information herein has been obtained from sources believed to be reliable, but wedo not warrant that it is accurate or complete, and it should not be relied upon as such. Opinion expressed is ourcurrent opinion as of the date appearing on this material only, and subject to change without notice. It is intended forthe use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available inany form, by any means, or redistributed to others without written permission of PT Waskita Beton Precast.
Thank You
Head Office: Gedung Teraskita Jakarta, 3 & 3A Floor Jl. MT. Haryono Kav. No. 10A Cawang, Jakarta 13340Ph. (+6221) 22892999website:www.waskitaprecast.co.id