Investor Summit & Capital Market Expo The Ritz-Carlton Pacific Place Jakarta, 10 November 2010

Transkripsi

1 Investor Summit & Capital Market Expo 2010 The Ritz-Carlton Pacific Place Jakarta, 10 November 2010

2 Disclaimer By attending this presentation, you are agreeing to be bound by the restrictions set out below. comply with these restrictions may constitute a violation of applicable securities laws. Any failure to The information and opinions contained in this presentation are intended solely for your personal reference and are strictly confidential. The information and opinions contained in this presentation have not been independently verified, and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this presentation are provided as at the date of this presentationandaresubjectto change without notice. Neither the company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation. In addition, the information contained in this presentation contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those forecast and projected. This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the company. Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities. Relaying copies of this presentation to other persons in your company or elsewhere is prohibited. 1

3 Daftar Isi Data Finansial 3 Jasa Marga: Operator & Investor Jalan Tol yang Terkemuka 8 Proyek-proyek Baru Jasa Marga 12 Mekanisme Pengadaan Lahan 17 Modernisasi Sistem Transaksi 19 Struktur Kepemilikan Saham 22 Prognosa Jalan Tol yang Sudah Beroperasi & Jalan Tol Baru 26 2

4 Data Finansial 3

5 Ikhtisar Keuangan TW (Tidak Diaudit) Indikator Dibandingkan TW Keterangan 1. Pertumbuhan Lalu Lintas 3,28% Didukung pertumbuhan lalu lintas ruas Ulujami-Pondok Aren dan Semarang. 2. Pendapatan 22,6% Ekspektasi CAGR 20% selama 6 tahun. 3. Laba Usaha 43,8% 4. EBITDA 34,7% 5. Laba Bersih 30,7% 6. Marjin EBITDA 9,9% 7. Marjin Operasi 17,3% Laba Usaha meningkat dari 1.092,5 miliar (TW3 2009) menjadi 1.571,4 miliar (TW3 2010). EBITDA meningkat dari 1.462,8 miliar (TW3 2009) menjadi 1.970,9 miliar (TW3 2010). Marjin Laba Bersih meningkat dari 28,1% (TW3 2009) menjadi 29,9% (TW3 2010). Marjin EBITDA meningkat dari 55,9% (TW3 2009) menjadi 61,4% (TW3 2010). Marjin Operasi meningkat dari 41,7% (TW3 2009) menjadi 48,9% (TW3 2010). 8. Beban Pinjaman 11,3% Beban pinjaman TW ,05% 4

6 Ikhtisar Laba Rugi Pos Luar Biasa tahun 2009 merupakan penyertaan Jasa Marga pada PT Jakarta Lingkar Barat Satu, pemegang konsesi ruas JORR W1 berupa Simpang Susun Penjaringan, yang setara dengan 23% kepemilikan. 5

7 Ikhtisar Neraca 6

8 Ikhtisar Marjin 7

9 Jasa Marga: Operator & Investor Jalan Tol yang Terkemuka 8

10 Volume Lalu Lintas per Ruas (juta Kendaraan) * *) Penurunan pada ruas Prof. Dr. Ir. Sedyatmo disebabkan oleh perubahan sistem transaksi dan tarif tol dari dua kali transaksi menjadi satu kali transaksi sejak September

11 Pendapatan Tol per Cabang (miliar Rp) 10 10

12 Pendapatan Tol per Cabang (miliar Rp) 11 11

13 Proyek-proyek Baru Jasa Marga 12

14 Proyek-proyek Baru Jasa Marga *) akan dibangun setelah layak Pengadaan Lahan (oleh GOI) Konstruksi Uji Kelayakan oleh BPJT Operasi 13

15 Pertumbuhan Volume Lalu Lintas BORR 14

16 Jalan Tol Semarang-Solo Seksi 1: Semarang-Ungaran (11,3 km) 1. Progres Konstruksi : 92,4% 2. Pengadaan Lahan : 100% 3. Estimasi Biaya Realisasi : ± Rp 1,603 miliar Seksi 2: Semarang-Bawen (11.8 km) Pengadaan Lahan : 61,81% 15

17 Jalan Tol Surabaya-Mojokerto Seksi 1A: Waru-Sepanjang (2,3 km) 1. Progres Konstruksi : 47,24% 2. Pengadaan Lahan : 83,2% 3. Estimasi Biaya Realisasi : ± Rp 592 miliar Seksi 1B: Sepanjang-WRR (4.3 km) Pengadaan Lahan : 38,89% Seksi 2: WRR-Driyorejo (4.3 km) Pengadaan Lahan : 39,92% Seksi 3: Driyorejo-Kriyan (4.3 km) Pengadaan Lahan : 57,8% Seksi 4: Krian-Mojokerto (4.3 km) Pengadaan Lahan : 46,12% 16

18 Mekanisme Pengadaan Lahan 17

19 Program Dana Bergulir & Land Capping Pemerintah telah menunjukkan komitmennya melalui program Dana Bergulir dan Land Capping. Jasa Marga telah memanfaatkan kedua program tersebut. Ruas Bogor Ring Road Biaya = Rp 57,5 miliar (berdasarkan PPJT) Estimasi Rp 5,7 milliar 10% dari estimasi biaya awal (land capping) Biaya = Rp 126,9 miliar Realisasi Dana Bergulir + land capping Tanggung jawab investor = Rp 63,2 miliar, dibayarkan pada saat tanah sudah bebas 100% Tanggung jawab Pemerintah 18

20 Modernisasi Sistem Transaksi 19

21 Transaksi e-toll Card Jumlah transaksi e-toll Card pada tahun 2010 terus meningkat sejak pertama kali diluncurkan pada awal tahun Transaksi e-toll Card *) *) 5.88% dari total transaksi pada ruas yang bersangkutan 20

22 Rencana Implementasi e-toll Card No. Ruas Jalan Tol Tahun 1 Cawang-Tomang-Pluit Prof. Dr. Ir. Sedyatmo Padaleunyi Cipularang Jakarta-Cikampek 2011* 6 Palikanci Jagorawi Surabaya-Gempol Semarang Jakarta Outer Ring Road 2011* 11 Jakarta-Tangerang Belmera 2011 *) Uji Coba

23 Struktur Kepemilikan Saham 22

24 Kepemilikan Saham Publik (30%) 23

25 Prognosa

26 Prognosa 2010 Target manajemen Jasa Marga untuk tahun 2010 adalah sebagai berikut: Kinerja Keuangan & Operasional (YoY) Pendapatan IDR 3,64 triliun IDR 4,26 triliun 17,03% Volume Lalu Lintas 916 juta 944 juta 3,06% Keuatan Finansial (YoY) Total Aktiva IDR 16,7 triliun IDR 19,76 triliun 18,32% Interest Coverage Ratio 2,73 2,50 (8,42%) Debt To Equity Ratio 1,17 1,79 52,99% 25

27 Jalan Tol yang Sudah Beroperasi & Jalan Tol Baru 26

28 Jalan Tol Beroperasi Cipularang Prof. Dr. Ir. Sedyatmo (Airport) Jakarta Outer Ring Road Jakarta-Tangerang Jagorawi Belmera Semarang Jakarta-Cikampek Palikanci Jakarta Inner Ring Road Surabaya-Gempol Padaleunyi 27

29 Komitmen pada Pelayanan Berkualitas Jasa Marga Traffic Information Center Gardu Tol Otomatis Rescue Truck e-toll Card 28

30 Jalan Tol Bogor Ring Road Beroperasi Sejak 23 November 2009 Sta Arah Sentul Gerbang Tol Jembatan Cikeas Gerbang Tol Sentul Barat 29

31 Jalan Tol Semarang-Solo Seksi I Semarang-Ungaran Tahap Konstruksi Gerbang Tol Banyumanik Jembatan Penggaron Jalan Utama On Ramp Tirto Agung Jembatan Susukan Jembatan Banyumanik 30

32 Jalan Tol Surabaya-Mojokerto Tahap Konstruksi Jalan Utama Ramp 31

33 Some of the statements in this document contain forward looking statements with respect to the financial conditions, results of operations and business, economic conditions, sectors conditions, traffic conditions, and related plans and objectives. These Statements do not directly or exclusively relate to historical facts and reflect the Company s current intentions, plans, expectations, assumptions and belief about future events. The statements involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those in the statements as originally made. Such statements are not, and should not be construed as a representation to future performance of the Company. Readers are urged to view all forward looking statements contained herewith with caution. 32

34 Catatan 33

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