PT Wijaya Karya Beton Tbk FY 2014 ... -...
Transcript of PT Wijaya Karya Beton Tbk FY 2014 ... -...
PT Wijaya Karya Beton Tbk FY 2014 Report
Steps To Best Company
in Concrete Industry
14-04-2015 INV
DISCLAIMER
2
The information that follows is a presentation of general background information about PT Wijaya Karya Beton Tbk (the “Company” or “WIKA Beton”)prepared by the Company as of May 2014.
This presentation has been prepared for information purposes only. None of the information appearing in this presentation may be distributed to thepress or other media or reproduced or redistributed in the whole or in part in any form at any time. Any recipient of this presentation and its directors,officers, employees, agents and affiliates must hold this presentation and any information provided in connection with this presentation in strictconfidence and may not communicate, reproduce, distribute or disclose to any other person, or refer to them publicly, in whole or in part.
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction inwhich such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, and neitherthis presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Nosecurities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Any public offeringof securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about thecompany making the offer and its management and financial statements. No public offer of securities is to be made by the Company in the UnitedStates. This presentation may contain forward-looking statements and estimates with respect to the future operations and performance of the Companyand its affiliates. Investors and security holders are cautioned that forward-looking statements are subject to various assumptions, risks anduncertainties, many of which are difficult to predict and are generally beyond the control of the Company. Such assumptions, risks and uncertaintiescould cause actual results and developments to differ materially from those expressed in or implied by the forward-looking statements.
Accordingly, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of theinformation contained in this presentation, nor is it intended to be a complete statement or summary of the resources markets or developmentsreferred to in this presentation. It should not be regarded by recipients as a substitute for the exercise of their own judgment.
Neither the Company or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking statementscontained in this presentation. The forward-looking statements are made only as of the date of this presentation. The Company is under no duty toupdate any of the forward-looking statements after this date to conform such statements to actual results or developments or to reflect the occurrenceof anticipated results or otherwise.
By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein.
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1 COMPANY PROFILE
2 KEY INVESTMENT HIGHLIGHT
3 BUSINESS & INDUSTRY OVERVIEW
4 FINANCIAL HIGHLIGHT
5 COMPANY UPDATES
TABLE OF CONTENTS
3
Section 6
1 COMPANY PROFILE
To be the market leader in precast concrete industry in Southeast Asia
To provide excellent services to customers on the fulfillment of quality, time and price
To apply management system and technology which can increase efficiency, consistently maintain the quality, ensure the occupational health and safety based on environmental requirement
To continuously grow together with business partners for a mutual benefit
To enhance employees competence and welfare
“To be the foremost company in the precast concrete product industry”
CommitmentInnovation
BalanceExcellence
RelationshipTeamwork
Integrity
Vision
Mission
Core Value
VISION, MISSION & CORE VALUE
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WIKA Beton As Sub Business Unit of WIKA
1960PT Wijaya Karya (Persero) (“WIKA”) was established.
1978 - 1980• Established new concrete factory in Bogor (1st factory).• New products: PC Poles and PC Panels.
1988• Established new concrete factory in Binjai,
North Sumatera (6th factory).• New products: bridge and drainage concretes.
1995Established new factory in Makassar, South Sulawesi (7th factory).
1981 - 1984• Established new concrete factories in Pasuruan (2nd factory),
Boyolali (3rd factory), and Majalengka (4th factory).• New products: PC Piles and Railway Sleepers.
1986Established new concrete factory in Lampung (5th factory).
KEY MILESTONE (1/2)
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7
1997WIKA Beton was spun off as a subsidiary of WIKA.
2010Started to produce PC Piles with diameter of 1 meter.
2012• Established subsidiary, WIKA Kobe (9th factory).• Unit post tensioning.
2011• Chosen by International Organization for
Standardization, Geneva, as the reference in Economics Benefits of Standards case study.
• Established new factory in Karawang (8th factory)• New product: box girder.
2013• Established subsidiary, WIKA
Krakatau Beton (10th factory – in progress).
• Established new factory in South Lampung (11th factory – in progress).
• New line of business: quarry (natural resources processing – in progress).
• Developed new products: hollow core slab, precast concrete for building and industrial purpose.
2008• New products: marine structure and high quality concrete piles (PHC).• Implementation of corporate risk management.
WIKA Beton As Subsidiary of WIKAKEY MILESTONE (2/2)
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2014• Listed company at IDX 08 April 2014.• Aquisition PT Citra Lautan Teduh in Batam.• Unit Inner Boring.
Board of Commissioners
Board of Directors
Budi HartoPresident Commissioner
A. BoedionoCommissioner
Priyo SuproboIndependent Comm.
Tumik KristianingsihCommissioner
Nariman PrasetyoCommissioner
Wilfred I. A. SingkaliPresident Director
Hadian PramuditaDirector
Fery HendriyantoDirector
Entus Asnawi MukhsonDirector
M. ZulkarnainIndependent Director
MANAGEMENT TEAM
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Asfiah MahdianiIndependent Comm.
Hari RespatiDirector
9
51.00% 60.00%99.50%
CORPORATE STRUCTURE
10
CORPORATE STRUCTURE
60%
11,22% 0,99%4,33% 23,47%
PT Wijaya Karya (Persero) TbkKoperasi Karya Mitra SatyaYayasan Wijaya KaryaTreasury StockPublik
2 KEY INVESTMENT HIGHLIGHT
Section 1
INVESTMENT HIGHLIGHTSThe Largest Capacity with Leading Market
Share to Promote
Economies of Scale
Experienced Management Team with
Extensive Track
Record in Precast
Concrete Industry
Pioneer in Indonesian Precast Concrete
Products with
Continuous Innovation
Most Complete Products in the
Industry
Wide Coverage and Well Integrated
Production Facilities
Across Indonesia
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2
3 4
5
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The Largest Capacity and Leading Market Share to Promote Economies of Scale
Based on MARS report, an independent surveyor, in January 2014, there are 28 precast concrete production facilities inIndonesia owned by 20 companies with total production capacity of 5.2 million ton per year. Around 89.3% of the totalcapacity is dominated by 9 companies.
WIKA Beton has the biggest production capacity with 38.6% of total production capacity in Indonesia or equivalent of2 million ton per year.
WIKA Beton’s market share was estimated around 42.7% in 2013.
Production Capacity of IndonesianPrecast Concrete Industry Market Share of WIKA Beton Based on Sales (2013)
WIKA Beton; 42.7%Competitors;
57.3%
Source: MARS Source: BCI Asia
WIKA Beton is able to promote economies of scale compared to its competitors due to its size.
1
13
WIKA Beton;38.60%Competitors;
61.40%
WIKA Beton is able to provide fast delivery and cheaper transportation costdue to close proximity to customers.
Wide Coverage: WIKA Beton will have 11 production facilities (including subsidiaries) by the end of 2014, 6 sales areas and 2 representative offices strategically located all across Indonesia.
Well Integrated: 1) Complete business cycle from engineering, raw material production, fabrication, and installation (Backward and Forward Integration); 2) Flexibility in moving supporting equipment such as moulding to all production facilities in Indonesia.
Wide Coverage and Well Integrated Production Facilities Across Indonesia 2
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Experienced for more than 20 years in precast concrete and related industry.
Experienced Management Team with Extensive Track Recordin Precast Concrete Industry
3 Wilfred I. A. SingkaliPresident Director
31 years of experience in the precast industry
President Director of the Company since 2012.
Previously served as the Company’s Director of Engineering and Production (2007 –
2012).
Started his career with PT Wijaya Karya (Persero) Tbk as Staff of Research and
Development Construction Components in 1983.
Hadian PramuditaDirector
27 years of experience in the precast industry
Director of Marketing of the Company since 2012.
Previously served as the Company’s Marketing Manager (2008 – 2012).
Started his career with PT Wijaya Karya (Persero) as Staff of Engineering in Division of
Construction Component in 1987.
Entus AsnawiMukhsonDirector
26 years of experience in finance for construction
Director of Finance and Human Resource of the Company since 2011.
Previously served as Financial General Manager in PT Wijaya Karya (Persero) Tbk.
Started his career with PT Wijaya Karya (Persero) Tbk as Staff of Accounting and Finance
in 1988.
Fery HendriyantoDirector
21 years of experience in the precast industry
Director of Operation I of the Company since 2012.
Previously served as the Company’s Manager of Operation and Control (2007 – 2012).
Started his career with PT Wijaya Karya (Persero) Tbk as Sales Engineer in Division of
Concrete Products in 1993.
Hari RespatiDirector
31 years of experience the construction sector
Director of Operation Ii of the Company since 2013.
Previously served as Construction General Manager in PT Wijaya Karya (Persero) Tbk.
Started his career with PT Wijaya Karya (Persero) Tbk as Project Staff in Mataram (1983 –
1984).
M.ZulkarnainIndependent Director
Independent Director of the Company since March 2014.
Previously served as Acting Standardization Division Head PT Wijaya Karya Beton (2010).
Started his career with PT Wijaya Karya CAB VIII Surabaya (1978 – 1979). 15
1980The first PC Poles manufacturer.
1985The first precast concrete manufacturer for high rise building.
1984The first to pass PC sleepers test track.
1989Applied Segmental Mouldings System to improve efficiency and effectivity of production.
1995• The first precast concrete manufacturer earned ISO 9001 Certification.• Mass produced Very High Strength Concrete K-800.• Started to produce Corrugated Concrete Sheet Piles (CCSP).• The first manufacturer of high pressure concrete pipe.
2004The first to produce BigPC Segmental Box Girder.
2007The first PC Sleepers manufacturer for Turn Out (Wessel).
2009The first manufacturer to produce PC Piles with diameter of 800mm, 1,000mm and 1,200mm.
2012Earned PATENTS: Double Tee product and Railway Crossing.
2014PC Cylinder Piles with diameter up to 2,000mm
and maximum length of 60 meter.Inner Boring System for PC Piles installation.
WIKA Beton is committed to improve product quality and costumer satisfaction through innovation
Pioneer in Indonesian Precast Concrete Products with Continuous Innovation4
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6 8 10
7 9
4 2
5 3 1
1. PRE-STRESSED CONCRETE POLES
(PC POLES) 2. PRE-STRESSED CONCRETE PILES
(PC PILES)
3. BRIDGE CONCRETE 4. RAILWAY SLEEPERS
5. RETAINING WALL CONCRETE
(SHEET PILES)
6. HYDRO STRUCTURE CONCRETE
(PC PIPES)
7. MARINE STRUCTURE
CONCRETE
8. BUILDING AND HOUSING
PRODUCT 9. OTHER PRECAST CONCRETE 10. ENGINEERING SERVICES
WIKA Beton has the most complete sets of products to capture the demand in precast concrete industry.
Most Complete Sets of Product in Indonesia5
Electrical PC poles, transmission electrical PC poles, telecommunication PC poles, lighting PC poles and netting PC poles.
PC Piles Spun & Square (spinning method) and PC Piles Square & Triangle (vibration method).
I-Girder, U girder, Box girder, Voided slab, Concrete diaphragm, Half slab and Double Tee
KA-Clips, DE-Clips, Pandrol, E-Clips, and Vossloch.
Corrugated concrete (CCSP) and Flat sheet piles (FCSP).
Core Type prestressed concrete pipes (PC pipes) and Reinforced Concrete Pipes (RC Pipes).
Product to support dock and offshore projects such as jetty, bridge, and breakwater structures.
Precast walls, columns, beams, stairs and other structural and architectural components.
Pipe racks for oil companies, water storage and water-cooling towers for power plants.
Technical advice, recommendations, product installations, delivery and tensioning systems.
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3 a. INDUSTRY OVERVIEW
Section 2
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20
Infrastructure Investment Requirement (RPJMN) 2015-2019 (Rp trillion)
Sector
Full
Scenario
(100%)
Partial Scenario(75%) Basic Scenario(50%)
Needs % of Full Scenario Needs% of Full
Scenario
Road 1274 851 67% 637 50%
Railway 278 222 80% 140 50%
Mass Transportation 166 115 69% 75 45%
Sea Transportation 563 424 75% 282 50%
Ferry and ASDP 91 80 88% 60 66%
Air Transportation 182 165 91% 100 55%
Electricity 1,080 762 71% 714 66%
Energy and Gas 535 420 79% 268 50%
Water Resources 1,091 845 77% 645 59%
Clean Water and Sewage 666 450 68% 330 50%
Public Housing 384 247 64% 180 47%
Information and Communication
Technology242 200 83% 130 54%
Total 6,552 4,781 3,561
Investment Requirement(priority) 5,452
INFRASTRUCTURE INVESTMENT REQUIREMENT 2015-2019
3 b. BUSINESS OVERVIEW
Section 3
PRODUCTION CAPACITY 2008 - 2018 Currently, WIKA Beton’s installed production capacity is approximately 2,2 million ton per year.
WIKA Beton’s installed production capacity is expected to grow 210% from 2008 – 2018.
Installed Production Capacity (Million Ton per Year)
Source: The Company
210%Increase In
Capacity
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1.1 1.2
1.4
1.6
1.9 2.0
2.2 2.3
2.5
3.0
3.3
2008A 2009A 2010A 2011A 2012A 2013A 2014A 2015F 2016F 2017F 2018F
CUSTOMERS’ PROFILE
Top 10 Buyers 2014
Energy, 15%
Mining, 13%
Property, 17%
Industry, 11%
Customers’ Profile Based on Line of Business in 2014 (Percentage of Revenue)
Customers’ Profile Based on Ownership in 2014 (Percentage of Revenue)
Based on line of business, Infrastructure sector contributed 44% of totalWIKA Beton’s revenue in 2014.
Based on customers’ ownership, private – local companies contributed68% of total WIKA Beton’s revenue in 2014, followed by State OwnedEnterprise with 28%.
Contribution from WIKA in 2013 was 6%.
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Infrastructure,44%
No Customer Contribution
1. PT Wijaya Karya (Persero) Tbk 8%
2. PT Perusahaan Listrik Negara (Persero) 4%
3. PT Waskita Karya (Persero) 4%
4. PT Hutama Karya (Persero) 4%
5. PT Pembangunan Perumahan (Persero) Tbk 4%
6. PT Energi Sejahtera Mas 4%
7. PT D & C Engineering 3%
8. PT Multi Artha Pratama 2%
9. PT Kawahapejaya Indonesia 2%
10. PT Sinar Menara Deli 2%
8%
1% 1%
22%
69%
WIKA Gov. of Indonesia
Private Foreign State Owned Enterprise
Private Local
LANDMARK PROJECTSBRIDGE & ROAD
BRIDGE & ROAD (cont’ d) POWER PLANT PORT
OIL & GAS
Pasupati Bridge(2004)
Cikubang – CipularangBridge (2006)
Suramadu Bridge(2008)
PLTU Cirebon(2011)
Power Plant - Semen Tonasa(2010)
Malayahati - Aceh (2006)Decorient//BAM – Dutch*
Gorgon Project – BARROW, AUSTRALIA (2012)Saipem SA*
Pipe Rack RFCC for Oil – Cilacap (2013)GS – Korea*
Drajat Cooling Tower – Garut (2005)Thiess*
East West Motorway Project –ALGERIA (2011)
Double Track Cirebon –Kroya (2012)
Bali Tollroad(2013)
Overpass Kamp. Melayu –Tanah Abang (2014)
*International Customer
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4 FINANCIAL HIGHLIGHT
Section 5
ORDER BOOK & REVENUE Total order book is calculated through addition of new order book and carry over from previous year. Carry over from previous year may guarantee the amount of revenue generated in the following year. WIKA Beton has safely secured revenue of IDR 1.63 trillion in 2014 only from carry over from 2013.
Total Order Book Vs. Revenue (IDR Million)
27
Revenue2013
2,643,724
New Order Book2013
2,678,381
Carry Over from 2009
1,014,257
2010
Carry Over from
2012
1,625,578
2011
Carry Over from 2010
913,212
Revenue2010
1,430,435
Revenue2011
1,635,087
New Order Book2010
1,311,046
New Order Book2011
1,908,707
Order Book2010
2,325,303
Order Book2011
2,821,919
2012
Carry Over from 2011
1,106,266
Revenue2012
2,030,597
New Order Book
2012
2,587,543
Order Book 2012
3,693,809
2013
Order Book 2013
4,303,959
2014
Carry Over from 20131,630,380
Revenue2014
3,277,194
New Order Book2014
2,606,391
Order Book 2014
4,236,771
Carry Over from 2014812,815
New Order Book2015
1,388,129
Order Book 2015
2,200,944
2Q 2015
Revenue 2015
891,272
SUMMARY OF INCOME STATEMENTRevenue (IDR Bn) Gross Profit (IDR Bn)
Operating Profit (IDR Bn) Net Profit (IDR Bn)
28
2009 2010 2011 2012 2013 2014
1,416 1,430 1,635
2,031
2,644
3,277 CAGR
18.3%
2009 2010 2011 2012 2013 2014
146 148 206
265
388
487
CAGR
27.3%
2009 2010 2011 2012 2013 2014
124 120 176
231
336
409 CAGR
27.0%
2009 2010 2011 2012 2013 2014
82 92
144 179
241
322 CAGR
31.4%
REVENUE CONTRIBUTION
Revenue Contribution Based on Selling Area
Selling area III DKI Jakarta has the largest contribution to revenue on average around 26% followed by Selling Area V East Java with around 20% from 2011 – 2014.
PC Piles dominated the revenue on average around 54% followed by Bridge Concrete from 2011 – 2014.
Source: Audited Financial Statement
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011 2012 2013 2014
Subsidiaries
Selling Area VI
Selling Area V
Selling Area IV
Selling Area III
Selling Area II
Selling Area I
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INCOME STATEMENT, Full Year 2012-2014FY 2014
NEW CONTRACT - - 2,606.4
REVENUE 2,030.6 100.0% 2,643.7 100.0% 3,277.2 100.0%
% yoy 30.2% 24.0%
COST OF SALES (1,765.1) -86.9% (2,255.7) -85.3% (2,790.1) -85.1%
Gross Proft Margin 265.5 13.1% 388.0 14.7% 487.1 14.9%
OPERATING EXPENSE 34.2 1.7% 51.8 2.0% 78.2 2.4%
Operating Profit Margin 231.3 11.4% 336.2 12.7% 408.9 12.5%
OTHER INCOME (EXPENSE) 2.4 0.1% (7.7) -0.3% 2.6 0.1%
Earning Before Tax 233.7 11.5% 328.5 12.4% 411.5 12.6%
INCOME TAX (54.3) -2.7% (87.3) -3.3% (89.1) -2.7%
Earning After Tax 179.4 8.8% 241.2 9.1% 322.4 9.8%
% yoy 34.4% 33.7%
%AV
FY 2012 FY 2013
Real %AV Real %AV Real
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USAGE IPO PROCEEDProgress
No on
30 Jun 15
A BUSINESS EXPANSION (85%)
1 Processing of natural materials quarry in Cigudeg,
Donggala, Boyolali and South Lampung.
12% 72.31%
2 Development of New Factories in South Lampung,
Pasuruan, and Kalimantan.
34% 55.98%
3 Capacity expansion of existing factories at the factories in
North Sumatra Factory, Lampung, Bogor, Karawang,
Majalengka, Boyolali, South Sulawesi and mould Products.
18% 54.29%
4 The services business development such as purchase of
inner boring pile equipment and addition of post
tensioning equipment.
18% 51.20%
5 The establishment of mould maker 3% 0.00%
B WORKING CAPITAL (15%)
Additional Working Capital 15% 100.00%
100%
Total Usage of IPO Proceed until 30 Jun 2015 : 61.7%
SubjectBudget
Allocation
SUMMARY OF CONSOLIDATED BALANCE SHEETAssets (IDR Bn) Liabilities (IDR Bn)
Equity (IDR Bn) Current Ratio (x) & Quick Ratio (x)
32
CAGR
18.9%
CAGR
3.3%
CAGR
53.8%
2009 2010 2011 2012 2013 2014
1,597 1,523 1,839
2,401
2,917
3,802
2009 2010 2011 2012 2013 2014
1,338 1,201
1,409
1,797
2,187
1,577
2009 2010 2011 2012 2013 2014
259 322 430 604 730
2,226
0.56 0.59 0.49 0.52 0.59
1.11
1.06 1.05 1.00 1.02 1.06
1.41
2009 2010 2011 2012 2013 2014
Quick Ratio Current Ratio
FINANCIAL RATIO AND PROFITABILITYProfit Margin
Return on Asset (ROA) and Return on Equity (ROE) Gearing Ratio (Equity)
33
10.3 10.3
12.6 13.1
14.7 14.9
8.7 8.4
10.8 11.4 12.7 12.5
5.8 6.4
8.8 8.8 9.1 9.8
2009 2010 2011 2012 2013 2014
Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin (%)
5.2 6.0 7.9 7.5 8.3 8.5
31.8 28.6
33.6
29.7
33.0
14.5
2009 2010 2011 2012 2013 2014
ROE (%)
ROA (%)
0.18
0.03 0.040.03
0.74
0.27
2009 2010 2011 2012 2013 2014
Gearing Ratio
5 COMPANY UPDATES
Section 4
COMPANY UPDATES
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A. QUARRY CIGUDEG – JAWA BARAT
• Land area 36,7 Ha
• Project’s working time 6 months
• Prod Capacity 350 ton per hour
• Starting operation on 29 Jan 2015
• Initial Investment : Rp 113bn
COMPANY UPDATESB. SOUTH LAMPUNG FACTORY (1/2)
• Land area 67 Ha
- Quarry 41 Ha
- Plant Area 26 Ha
• Project Progress :
- Cut & fill 95%
- Machinery Instalation & Jetty
expansion in progress
• Production : Cylinder Pile dia up to 2
meters, Lenght up to 100 meters.
• 1st phase : 2 Plant for Cylinder Pile
• 2nd phase : 2 Plant for Cylinder Pile
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COMPANY UPDATES
37
B. SOUTH LAMPUNG FACTORY (2/2)
38
COMPANY UPDATESC. SOME OF ON GOING PROJECT (1/2)
Gold Coast Apartment
and Golf Island Project in PIKAgung Sedayu Group Reclamation Project
PT OKI Pulp & Papers Mill Project in Sei Baung OKI
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COMPANY UPDATESC. SOME OF ON GOING PROJECT (2/2)
Dompak Bridge Project at Kepulauan Riau
Oleochemical Factory Project at Dumai, Riau
40
ANALYST REPORTNo Analyst Company
Target Price
(Rp)Maintain Report Date
1 Maria Renata UOB Kayhian 1,095 Buy 5 Juni 2015
2 Theodorus ArielKristian Lautandhana Securindo 1,500 Buy 15 Mei 2015
3 Joko Sogie Danareksa Sekuritas 1,350 Hold 4 Mei 2015
4 Martha Christina Phillip Capital Securities 1,420 Buy 2 Apr 2015
5 Deidy Wijaya DBS Vickers Securities Indonesia 1,600 Buy 26 Jan 2015
6 Maxi Liesaputra Sucorinvest Central Gani 1,550 Buy 19 Jan 2015
7 Arief Budiman Ciptadana Securities 1,725 Buy 16 Jan 2015
8 Handoko Wijoyo Mandiri Sekuritas 1,600 Buy 6 Jan 2015
9 Rachel Tan Credit Suisse Malaysia 1,345 Buy 27 Nov 2014
10 Dian Octiana Buana Capital Securities 1,120 Hold 22 Oct 2014
11 Yualdo Tirtakencana Yudoprawiro RHB-OSK Securities 1,260 Buy 20 Oct 2014
12 Danny Eugene Mega Capital Indonesia 1,300 Buy 18 Sep 2014
41
STOCK PERFORMANCE
42
AWARDS & ACHIEVEMENT (1/2)
SMK3
Thiess
ISO 9001:2008
SNIAudit Certificate
WTON as part of Morgan
Stanley Capital Index (MSCI)
started on 07 Nov 2014
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AWARDS & ACHIEVEMENT (2/2)
Fastest Growing Issuer 2015 -
Cement Category
by Warta Ekonomi Indonesia
Magazine
Best Employers 2015
by AON Hewitt Indonesia
Best IPO Deal of The Year 2014 in
Southeast Asia dan Best IPO of
The Year 2014 in Southeast Asia
For Retail Investors dari Alpha
Southeast Asia
Investor Award 2015
by Investor Magazine
44
COMPANY NEWSCSR Program – Kutanegara, Karawang, West Java
WIKA Beton planted 13,851 Seeds in 2014
WIKA Beton goes to campus - ITB
Sanitary facilities for public
CSR Program – Scholarship and Education Program
WIKA Beton goes to campus - UNSRI
END OF PRESENTATION