PT SEMEN GRESIK (PERSERO) Tbk. WE ARE READY Kapasitas Lebih TINGGI Higher Capacity Kinerja Makin KUAT Stronger Performance Distribusi Kian LUAS Wider Distribution LAPORAN TAHUNAN 2011 Annual Report
Kami adalah perusahaan industri semen nasional terbesar di Indonesia tahun 2011, dari aspek: We are the largest national cement company in Indonesia in 2011 from the aspects of: PENDAPATAN REVENUE Pendapatan meningkat karena peningkatan volumen penjualan dan peningkatan harga jual. Perekonomian nasional yang membaik mendorong peningkatan kebutuhan semen tahun 2011 sebesar 17,7%, dengan proyeksi akan terus meningkat di tahuntahun mendatang. Revenue is rising due to increasing volumes of sales and selling price. The national economy is improving, driving demand for cement in 2011 increased by 17.7% and expected to continue to increase in the coming years. VOLUME PRODUKSI PRODUCTION VOLUME Rp 16.4 triliun trillion ton/tahun 19.8juta million tonnes/year Perseroan selama ini mampu meningkatkan efisiensi operasional dan meningkatkan kapasitas produksi terpasang melalui program upgrading menjadi sebesar 20 juta ton dari 19 juta ton di tahun 2010. Dengan segera beroperasinya pabrik baru di Tuban dan Tonasa, kapasitas produksi akan bertambah 5 juta ton/tahun menjadi 25 juta ton/tahun. The Company has been able to improve operational efficiency and increase installed production capacity through its upgrading program to a total of 20 million tons up from 19 million tons per year in 2010. With the imminent operation of the new plants in Tuban and Tonasa, production capacity will increase by 5 million tons per year to 25 million tons per year.
vv PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT LAIN-LAIN OTHERS 1 PANGSA PASAR MARKETSHARE 40.8 % Melalui sinergi pemasaran yang terus meningkat, kami berhasil mempertahankan market share terbesar di dalam negeri. Through improving marketing synergies, we have been able to maintain the largest domestic market share. JUMLAH ASET produktif NUMBER of Productive ASSETS Kami memiliki aset terbesar dengan produktivitas tinggi yang kami peroleh melalui pembangunan pabrikpabrik baru secara berkesinambungan seiring dengan pertumbuhan konsumsi dan perkembangan 19.7 perekonomian. triliun trillion We have the biggest assets with the highest production obtained through continuously building new plants in line with cement consumption and economic growth development. Rp JARINGAN DISTRIBUSI YANG MENJANGKAU SELURUH INDONESIA distribution network covering the whole of the archipelago Kami mampu menjangkau seluruh kawasan Nusantara, dari Sabang sampai Merauke dengan jaminan pasokan tepat waktu dan pola transportasi yang efisien dan efektif. We are able to reach the whole of the nation, from Sabang to Merauke, with guaranteed on time supplies and an efficient and effective transportation system. MEMBERI DIVIDEN DENGAN KONSISTEN consistently paying dividends 51% Memberikan dividen secara konsisten kepada para pemegang saham dengan tingkat rata-rata dividend payout ratio selama 5 (lima) tahun terakhir sebesar 51%. We pay dividends consistently, with a growth level for dividend value on average dividend pay-out ratio over the last 5 years of 51%. PT SEMEN GRESIIK (PERSERO) Tbk.
2 KAMI TERUS TUMBUH KEEP GROWING KONDISI YANG MEMACU PERTUMBUHAN INDUSTRI SEMEN NASIONAL THE Conditions Stimulate Growth in the National Cement Industry JUMLAH PENDUDUK INDONESIA indonesia's population 240 juta ± million KONSUMSI SEMEN PER KAPITA (SALAH SATU TERENDAH DI ASIA) cement consumption per capita (one of the lowest figures in Asia) ± 199 kg/tahun kg/year PENERAPAN 6 FOKUS STRATEGI PENGEMBANGAN JANGKA PANJANG MENYAMBUT PELUANG PERTUMBUHAN KONSUMSI SEMEN Application of 6 Focused Long-Term Strategies Welcomes Opportunities for Cement Consumption Growth PENINGKATAN KAPASITAS memproyeksikan peningkatan kapasitas untuk memenuhi pertumbuhan permintaan. INCREASING capacity Projecting capacity increase in line with demand growth. PENGAMANAN ENERGI mengembangkan kemampuan pemenuhan kebutuhan energi untuk menjamin pasokan. ENERGY SECURITY developing the ability to fulfill energy requirements to secure supply. LAPORAN TAHUNAN 2011 ANNUAL REPORT
3 Sebagai pemimpin industri semen nasional di Indonesia, Semen Gresik menempati posisi strategis dan siap mendukung pertumbuhan ekonomi dan pembangunan bangsa. As the leading national cement industry in Indonesia, Semen Gresik plays a significant role to support economic growth and development of the nation. TINGKAT PERTUMBUHAN EKONOMI economic growth AKSELARASI TINGKAT PEMBANGUNAN KONSTRUKSI dan infrastruktur Acceleration of construction and infrastructure development levels TINGKAT BUNGA YANG KONDUSIF* favorable interest rate* *3 tahun terakhir *Last 3 years PENINGKATAN PERINGKAT UTANG LUAR NEGERI MENJADI INVESTMENT GRADE Improved foreign debt rating to investment grade 6-6.5 %/tahun 10.5 % rating %/year 6.5 % PEMENUHAN KEBUTUHAN KONSUMEN Meningkatkan kepuasan dan loyalitas konsumen melalui pemenuhan berbagai produk yang berkualitas, layanan prima dan kontinuitas pasokan. Fulfilling customer needs Improving customer loyalty and satisfaction through a variety of quality products, excellent service and continuity of supply. PENGUATAN FAKTOR PENDUKUNG Meningkatkan seluruh faktor pendukung untuk mempercepat pencapaian tujuan perusahaan. ENABLE CORPORATE GROWTH Improving supporting factors to accelerate achievement of the Company's objectives. PENGUATAN CITRA KORPORASI Mengimplementasikan secara konsisten kebijakan triple bottom line untuk menguatkan citra corporasi. ENHANCE COMPANY IMAGE Consistently implementing the policy of triple bottom line to strengthening the Company image. PENGENDALIAN RISIKO UTAMA Mewujudkan pertumbuhan berkelanjutan pada tingkat risiko yang dapat diterima. keep risk under control Delivering sustainable growth at an acceptable level of risk. PT SEMEN GRESIK (PERSERO) Tbk.
4 Memberi manfaat lebih besar bagi seluruh pemangku kepentingan CONTRIBUTING GREATER BENEFIT TO ALL STAKEHOLDERS KONTRIBUSI UNTUK NEGERI Contributing to the COUNTRY TURUT BERPERAN MENYEJAHTERAKAN MASYARAKAT Bringing prosperity to the public LAPORAN TAHUNAN 2011 ANNUAL REPORT
5 Menunjang peningkatan penyerapan tenaga kerja baik dari industri semen maupun sektor yang terkait. Supporting employment both in the cement industry and related sectors. Meningkatkan pendapatan negara, baik dari pajak korporasi, dividen maupun pertumbuhan perekonomian di areal sekitarnya. Increasing state revenue through corporation tax, dividend payments, and economic growth in surrounding areas. MENDUKUNG PEMBANGUNAN INFRASTRUKTUR Supporting Infrastructure Development Memungkinkan dibangunnya seluruh sarana maupun prasarana penunjang bagi kelancaran dunia usaha. Facilitating the development of entire facilities and supporting infrastructure for smoother running of business. Mendorong penurunan biaya distribusi berkat prasarana infrastruktur transportasi yang semakin memadai. Encouraging the slashing of distribution costs due to a more extensive transport infrastructure. Menunjang pemenuhan kebutuhan semen untuk membangun pemukiman yang layak dan nyaman bagi masyarakat. Supporting fulfillment of cement requirements to build decent and comfortable housing for the public. Mendukung tersedianya bangunan sarana dan prasarana lingkungan yang memadai. Supporting the availability of satisfactory facilities and infrastructure Memperluas lapangan kerja bagi masyarakat berkat pertumbuhan ekonomi yang didukung oleh sarana infrastruktur yang makin lengkap. Expanding employment opportunities for the people due to growing economy supported by more comprehensive infrastructure facilities. KONTRIBUSI UNTUK LINGKUNGAN CONTRIBUTION FOR ENVIRONMENT Aplikasi proses produksi berdasarkan pada clean development mechamism. A production process based on a clean development mechanism. Partisipasi pada upaya pemeliharaan lingkungan dan gerakan penghijauan. Participating in environmental conservation and re-greening projects. Penggunaan limbah industri lain untuk bahan baku penolong. Using waste products from other industries as an ancillary raw material. PT SEMEN GRESIK (PERSERO) Tbk.
6 daftar isi Table of contents IKHTISAR HIGHLIGHTS P.1 INFORMASI PERUSAHAAN COMPANY PROFILE VISI DAN MISI Vision and Mission SEKILAS PERSEROAN Company In Brief P.34 36 38 INFORMASI BAGI INVESTOR INFORMATION FOR SHAREHOLDERS GRAFIK KINERJA SAHAM Composition Stock Performance KOMPOSISI PEMEGANG SAHAM Shareholder Composition P.54 56 IKHTISAR SAHAM, PEMBAYARAN DIVIDEN DAN KRONOLOGI PENCATATAN SAHAM 58 Stock Highlights, Dividends Payment and Share Listing Chronology 59 IKHTISAR KEUANGAN Financial Highlights 8 STRUKTUR KEPEMILIKAN SAHAM Ownership Structure 62 IKHTISAR OPERASIONAL Operational Highlights PERISTIWA PENTING Significant Events PENGHARGAAN DAN SERTIFIKASI Awards and Certifications 9 12 14 STRUKTUR USAHA DAN ENTITAS ANAK Corporate Structure and Subsidiaries STRUKTUR ORGANISASI Organization Structure PETA WILAYAH OPERASIONAL DAN DISTRIBUSI Map of Operational and Distribution Areas 41 42 44 Kepemilikan Saham oleh Direksi Share Ownership by Directors DIVIDEN DAN KEBIJAKAN DIVIDEN Dividends and Dividend Policy KONDISI PASAR MODAL DAN KINERJA SAHAM PERSEROAN Capital Market Conditions and Performance of Company s Share 63 63 64 LAPORAN MANAJEMEN MANAGEMENT REPORT LAPORAN DEWAN KOMISARIS Report from the Board of Commissioners P.16 16 LAPORAN DEWAN DIREKSI 24 Report from the Board of Directors ALAMAT KANTOR DAN AKSES INFORMASI Office Addresses and Access Information Entitas anak DAN Entitas asosiasi Investment in Subsidiaries and Associates 50 51 NAMA LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL Name of Institutions and Stock Market Supporting Proffesional 70 P.73 TINJAUAN OPERASIONAL OPERATIONAL PERFORMANCE STRATEGI BISNIS Business Strategy PEMBANGUNAN PABRIK DAN FASILITAS DISTRIBUSI Building Production and Distribution Facilities PENGELOLAAN HUMAN CAPITAL Human Capital Management 74 PENGELOLAAN LINGKUNGAN HIDUP Environmental Management 94 KESELAMATAN DAN 79 KESEHATAN KERJA 100 Occupational Health & Safety 84 INOVASI PERSEROAN Corporate Innovation 103 PENGEMBANGAN TEKNOLOGI INFORMASI DAN KOMUNIKASI Information and Communication Technology Development RISIKO DAN MANAJEMEN RISIKO Risk and Risk Management 105 110 LAPORAN TAHUNAN 2011 ANNUAL REPORT
7 PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS P.120 P.260 TINJAUAN EKONOMI, TINJAUAN INDUSTRI DAN PROSPEK USAHA Economy Review, Industy and Business Prospect 122 TINJAUAN KINERJA Business Review Bidang Pemasaran dan Distribusi Marketing and Distribution Bidang Produksi Production Bidang Penelitian dan Pengembangan Research and Development 125 125 129 132 LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT TINJAUAN KINERJA KEUANGAN Financial Performance Review Laporan Laba Rugi Konsolidasian Highlights of Consolidated Income Statement Ikhtisar Posisi Keuangan Konsolidasian Consolidated Financial Position Highlights Arus Kas Cash Flow Rasio-Rasio Keuangan Financial Ratios Realisasi Belanja Modal Realisation of Capital Expenditure 135 135 142 150 151 153 TINJAUAN KINERJA Entitas anak Consolidated Performance Review of the Subsidiaries INFORMASI MATERIAL Material Information 155 165 LAIN LAIN OTHERS Profil DEWAN KOMISARIS DAN DIREKSI The Board of Commissioners and the Board of Directors Profile Profil SINGKAT ANGGOTA KOMITE Brief Profile of Committee Members P.268 270 274 LAPORAN PELAKSANAAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT Tujuan PENERAPAN GCG GCG Aims Pedoman, Struktur dan Mekanisme Tata-kelola Guidelines, Structure and Governance Mechanism Kebijakan Tata Kelola Perusahaan Corporate Governance Policies Assessment Penerapan GCG Assessment of GCG Application 177 179 182 189 RAPAT UMUM PEMEGANG SAHAM General Meeting of Shareholders DEWAN KOMISARIS Board of Commissioners direksi Board of Directors Komite Penunjang Dewan Komisaris The Board of Commissioners Supporting Committee P.174 208 213 221 235 PROFIL SEKRETARIS PERUSAHAAN Corporate Secretary Profile PROFIL KEPALA AUDIT INTERNAL Head of Internal Profile PERNYATAAN DEWAN KOMISARIS DAN DIREKSI The Board of Commissioners and Directors Report LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS 279 279 286 P.287 RoadMap Penerapan GCG RoadMap for GCG Application 191 Sekretaris Perusahaan Corporate Secretary 248 Implementasi GCG GCG Implementation INTERNAL AUDIT Internal Audit 192 198 Office of The CEO Perkara Hukum Yang Dihadapi Perseroan Litigation 254 254 PT SEMEN GRESIIK (PERSERO) Tbk
8 IKHTISAR HIGHLIGHTS LAPORAN MANAJEMEN INFORMASI PERUSAHAAN INFORMASI BAGI INVESTOR TINJAUAN OPERASIONAL Management Report COMPANY PROFILE INFORMATION FOR INVESTORS OPERATIONAL PERFORMANCE IKHTISAR KEUANGAN Financial Highlights (dalam juta Rupiah) (in millions Rupiah) Ikhtisar Laporan posisi keuangan statement of financial position 2011 2010 a) 2009 a) 2008 a) 2007 a) Aset Lancar Current Assets 7,646,145 7,345,868 8,221,270 7,085,685 5,270,175 Investasi pada Entitas Asosiasi Investments in Associates 80,193 69,630 64,408 57,303 47,996 Aset Tetap Fixed Assets 11,640,692 7,662,560 4,014,143 3,308,878 3,089,622 Aset Tidak Lancar Lainnya Other Non-Current Assets 294,573 484,941 651,487 151,098 107,434 Total Aset Total Assets 19,661,603 15,562,999 12,951,308 10,602,964 8,515,227 Liabilitas Jangka Pendek Current Liabilities 2,889,137 2,517,519 2,293,769 2,090,589 1,445,874 Liabilitas Jangka Panjang Non - Current Liabilities 2,157,369 905,727 331,835 338,660 349,766 Total Liabilitias Total Liabilties 5,046,506 3,423,246 2,625,604 2,429,249 1,795,640 Total Ekuitas Total Equity 14,615,097 12,139,753 10,325,704 8,173,715 6,719,587 Pengeluaran Modal Capital Expenditure 4,195,379 3,505,827 1,614,648 562,830 357,734 Modal Kerja Modal Kerja 4,757,008 4,828,349 5,927,501 4,995,096 3,824,301 laba rugi statement of income Pendapatan Revenue 16,378,794 14,344,189 14,387,850 12,209,846 9,600,801 Laba Bruto Gross Profit 7,486,926 6,810,110 6,774,141 5,354,621 4,000,657 Laba Usaha Operating Income 4,892,131 4,509,944 4,338,600 3,380,676 2,425,717 Laba yang Dapat Diatribusikan kepada pemilik Entitas Induk (Laba Bersih) Profit Attributable to Equity holder of Parent Entity 3,925,442 3,633,220 3,326,488 2,523,544 1,775,408 (Net Income) Laba Komprehensif Comprehensive Income 3,960,605 3,656,622 3,329.473 2,523,544 1,775,408 EBITDA (b) EBITDA 5,401,962 4,969,531 4,772,573 3,867,228 2,848,528 Rata-rata Tertimbang Saham Beredar (dalam ribuan) Weighted Average Number of Shares Outstanding (in thousand) 5,931,520 5,931,520 5,879,361 5,922,179 5,931,520 Laba per Saham Dasar (rupiah) (b) Basic Earnings per Share (in Rupiah) 662 613 566 426 299 RASIO-RASIO KEUANGAN FINANCIAL RATIOS Marjin Laba Bruto Gross Profit Margin 45.7% 47.5% 47.1% 43.9% 41.7% Marjin Laba Usaha Operating Margin 29.9% 31.4% 30.2% 27.7% 25.3% Marjin Laba Bersih Net Profit Margin 24.0% 25.3% 23.1% 20.7% 18.5% Marjin EBITDA EBITDA Margin 33.0% 34.6% 33.2% 31.6% 30.0% EBITDA terhadap Bunga (x) Interest Coverage 195.7 190.4 234.4 147.4 247.5 Laba Terhadap Ekuitas (c) Return to Equity 27.1% 30.3% 32.6% 31.3% 26.8% Laba Terhadap Total Aset Return to Assets 20.0% 23.3% 25.7% 23.8% 20.8% Rasio Lancar Current Ratio 264.7% 291.8% 358.4% 338.9% 364.5% Liabilitas Terhadap Ekuitas (d) Total Debt to Equity 12.9% 5.5% 1.4% 2.2% 2.4% Liabilitas Terhadap Aset (e) Total Debt to Assets 9.5% 4.2% 1.1% 1.7% 1.9% Keterangan Description: a) Disajikan kembali terkait dengan penerapan standar akuntansi revisi Restated related to implementation of revised accounting standards b) Dihitung dengan laba usaha (selain pendapatan dan beban operasi lainnya) ditambah dengan deplesi, depresiasi dan amortisasi Calculated by operating income (excluded other operating income and expenses) plus depletion, depreciation and amortization c) Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Equity attributable to equity holder of parent entity d) Total liabilitas yang berefek bunga dan ekuitas yang dapat diatribusikan kepada pemilik entitas induk Total interest bearing debt and equity attributable to equity holder of parent entity e) Total liabilitas yang berefek bunga Total interest bearing debt LAPORAN TAHUNAN 2011 ANNUAL REPORT
PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT LAIN-LAIN OTHERS 9 IKHTISAR OPERASIONAL Operational Highlights Bidang Industri industry segment Satuan 2011 2010 2009 2008 2007 Semen CEMENT Kapasitas Produksi Production Capacity Ribu ton 20,000 19,000 19,000 18,000 17,100 Produksi Production Ribu ton 19,812 18,185 18,139 18,172 16,786 Industri Kemasan PACKAGING INDUSTRY Produksi Sewn Kraft Lembar - - 103,300 233,060 1,111,550 Sewn Woven Production Produksi Sewn Woven Lembar 26,800,475 24,943,475 22,843,165 18,280,502 10,378,796 Sewn Woven Production Produksi Pasted Kraft Pasted Bag Production Lembar 188,067,150 178,495,900 168,230,535 153,858,722 132,458,580 Total Produksi Kemasan Total Packaging Production Lembar 214,867,625 203,439,375 191,177,000 172,372,284 143,948,926 KAWASAN INDUSTRI Real Estate INDUSTRY Volume Penjualan Sales Volume Penjualan Tanah Industri M2 56,073 95,411 37,985 43,087 65,026 Sales of Industrial Land Penjualan Ruko Shops Sales Unit 4 2 2 - - Penjualan Lahan Industri Kecil Sales Unit - 4-1 - Volume Persewaan Rental Volume Sewa Tanah Land Lease M2 64,915 64,915 52,428 59,949 37,793 Sewa BPSP BPSP Rent Unit 12 12 12 13 13 Sewa Gudang Warehouse Rent Unit 63 49 47 35 33 Sewa Kantor Office Rent Unit - - 1 3 2 Sewa Ruko Shop Houses Rent Unit 19 14 11 12 12 Pertambangan MINING SERVICE Jasa Tambang Mining Service Batu Kapur Limestone Ton 10,547,902 9,290,318 10,591,523 10,630,486 9,574,268 Tanah Liat Clay Ton 2,493,276 2,159,433 2,358,400 1,964,710 1,613,234 Subtotal Ton 13,041,178 11,449,751 12,949,922 12,595,196 11,187,502 Jasa Tambang Lainnya Other Mining Service Satuan BCM In BCM Unit Ton 608,685 490,706 583,712 968,170 51,494 Satuan Ton In Ton Unit Ton 7,037,913 1,552,283 - - - Satuan Jam In Hour Unit Ton 108,792 86,768 7,071 - - Subtotal Ton 7,755,390 2,129,757 611,471 1,397,270 691,308 Total Pertambangan Total Mining Ton 20,796,569 13,579,508 13,561,393 13,992,466 11,878,810 Catatan Notes Angka entitas konsolidasi Consolidated entity figures PT SEMEN GRESIK (PERSERO) Tbk.
10 IKHTISAR HIGHLIGHTS LAPORAN MANAJEMEN INFORMASI PERUSAHAAN INFORMASI BAGI INVESTOR TINJAUAN OPERASIONAL Management Report COMPANY PROFILE INFORMATION FOR INVESTORS OPERASIONAL PERFORMANCE 5.3 % KAPASITAS PRODUKSI 2011 naik MENJADI 20,0 JUTA TON kapasitas produksi (dalam juta ton) PRODUCTION CAPACITY (in million tons) 17.1 18.0 19.0 19.0 20.0 tingkat utilisasi (dalam %) UTILIZATION LEVEL (in %) 98.0 101.0 95.0 95.7 99.1 Production capacity in 2011 increased to 20.0 million tons 07 08 09 10 11 07 08 09 10 11 8.8 % produksi semen naik menjadi 19,8 juta ton Cement production increased to 19.8 million tons volume produksi (dalam juta ton) PRODUCTION VOLUME (in million tons) 16.9 17.7 18.1 18.2 19.8 VOLUME PENJUALAN (dalam juta ton) SALES VOLUME (in million tons) 16.9 17.7 18.4 17.9 19.7 07 08 09 10 11 07 08 09 10 11 pendapatan (dalam Rp miliar) REVENUE (in Rp billions) 12,210 14,388 14,344 16.379 EBITDA (dalam Rp miliar) EBITDA (in Rp billions) 3,867 4,773 4,970 5,402 9,601 2,849 07 08 09 10 11 07 08 09 10 11 LAPORAN TAHUNAN 2011 ANNUAL REPORT
PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT LAIN-LAIN OTHERS 11 laba bersih (dalam Rp miliar) NET INCOME (in Rp billions) 1,775 2,523 3,327 3,634 rasio beban pokok terhadap pendapatan (%) COGS TO REVENUE (in %) 58.3 56.1 3,925 52.9 54.3 52.5 15.8 rasio beban usaha Operating expenses % 07 08 09 10 11 07 08 09 10 11 RASIO BEBAN USAHA TERHADAP PENDAPATAN (%) SGA TO REVENUE (in %) RASIO LABA TERHADAP TOTAL ASET (%) RETURN ON ASSETS (in %) 16.4 16.9 25.7 16.2 23.8 16.0 15.8 23.3 20.8 20.0 07 08 09 10 11 07 08 09 10 11 RASIO LABA TERHADAP EKUITAS (%) RETURN ON EQUITY (in %) 26.8 31.3 32.6 30.3 27.1 27.1 rasio laba terhadap ekuitas Return on Equity % 07 08 09 10 11 PT SEMEN GRESIK (PERSERO) Tbk.
12 IKHTISAR HIGHLIGHTS LAPORAN MANAJEMEN INFORMASI PERUSAHAAN INFORMASI BAGI INVESTOR TINJAUAN OPERASIONAL Management Report COMPANY PROFILE INFORMATION FOR INVESTORS OPERASIONAL PERFORMANCE PERISTIWA PENTING Significant Events 1 2 63 4 JANUARI 10 S e m e n G r e s i k U K M Aw a r d, Pe m b e r i a n penghargaan kepada UKM mitra binaan 21 BUMN dan BUMD di seluruh Jawa Timur. JANUARY Semen Gresik SME Award, granting awards to SME partners, 21 state-owned enterprises and regionally owned enterprises across East Java. 5 Februari 01 Penandatanganan MOU dengan Perum Perhutani dalam rangka Rehabilitasi Kawasan Hutan di Lahan Pinjam Pakai Perseroan. 23 Penganugerahan pemenang Semen Gresik Award on Innovation untuk meningkatkan kinerja Perseroan di masa mendatang. february Signing of an MOU with Perum Perhutani for the Rehabilitation of Forest Areas Used by the Company. Bestowing Semen Gresik Award to the Winner of Innovation to improve Company performance in the future. 1. UKM Award 2. Penandatanganan MOU dengan Perum Perhutani MOU and Perum Perhutani 3. Gresik Award Innovation 4. RUPSLB 5. Pemberian beasiswa Scholarship 6. Pemberian beasiswa di wilayah Surabaya, Gresik dan Tuban 7. RUPST EGMS Scholarship in Surabaya, Gresik and Tuban AGMS 6 7 MARET 11 Penyelenggaraan Rapat Umum Pemegang Saham Luar Biasa Perseroan (RUPSLB) dengan keputusan: penggantian susunan keanggotaan Dewan Komisaris dan Direksi 19 Pemberian beasiswa kepada 110 mahasiswa dari 10 PTN di seluruh Indonesia. JUNI 15 Pemberian beasiswa kepada 1.823 siswa di wilayah Surabaya, Gresik, dan Tuban. 28 RUPST dengan salah satu keputusan pembagian dividen tunai sebesar 50% laba bersih, sebesar Rp1,8 triliun atau sebesar Rp306 per saham. MARCH Semen Gresik EGM Convened with the following ratification: Changes to the membership of the Boards of Commissioners and Directors. Awarding of Scholarships to 110 students from 10 State Universities throughout Indonesia. JUNE Awarding scholarships to 1,823 students in Surabaya, Gresik, and Tuban. AGM convened, one decision from which is payment of cash dividends of 50% net profit, amounting to Rp1.8 trillion or Rp306 per share. LAPORAN TAHUNAN 2011 ANNUAL REPORT
PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT LAIN-LAIN OTHERS 13 OKTOBER 14 Kerja sama Perseroan dengan Badan Penelitian dan Pengembangan (Balitbang) Pertanian, Kementerian Pertanian dalam penelitian dan pengembangan tanaman jarak pagar sebagai energi alternatif. 19 RUPSLB dengan keputusan: pengukuhan pemberhentian dengan hormat Sdr. Irwan Suarly sebagai Direktur Pemasaran; dan rencana penggantian Direktur Pemasaran pada RUPS selanjutnya. OCTOBER Cooperation between the Company and the National Agriculture Research and Development Body (Balitbang), Ministry of Agriculture for research and development of jatropha plants as alternative energy. EGM convened and ratified: Dismissal with respect to the Director of Marketing; and planned replacement of the Director of Marketing at the next GMS. 8 7 9 10 NOVEMBER 10 Uji coba sebagian peralatan Proyek Pembangunan Pabrik Semen Baru Tuban IV. 17 MOU dengan BPKP tentang pengelolaan dan pengembangan GCG dan Manajemen Risiko. 11 NOVEMBER Trial run of some equipment for Tuban IV New Plant Construction Project. M O U w i t h B P K P o n m a n a ge m e n t a n d development of GCG and Risk Management. 12 8. Kerjasama Perseroan dengan Badan Penelitian dan Pengembangan Pertanian Cooperation between the Company and the National Agriculture Research and Development 9. RUPSLB EGMS 10. Uji coba Proyek Pembangunan Pabrik Baru Tuban IV Trial run for Tuban IV New Plant Construction Project 11. Uji coba Proyek Pembangunan Pabrik Baru Tuban IV Trial run for Tuban IV New Plant Construction Project 12. MOU dan BPKP MOU with BPKP PT SEMEN GRESIK (PERSERO) Tbk.
14 IKHTISAR HIGHLIGHTS LAPORAN MANAJEMEN INFORMASI PERUSAHAAN INFORMASI BAGI INVESTOR TINJAUAN OPERASIONAL Management Report COMPANY PROFILE INFORMATION FOR INVESTORS OPERASIONAL PERFORMANCE PENGHARGAAN DAN SERTIFIKASI Awards and Certification 1 2 3 JUNI Best Wealth Creators untuk kategori Asean Best Public Companies, dalam acara Penghargaan Indonesia SWA 100. (gambar no. 1) Best Wealth Creators untuk kategori Indonesia Best Public Companies dalam acara Penghargaan Indonesia SWA 100 2011. First Rank untuk kategori Indonesia Best Public Companies, dalam acara Penghargaan Indonesia SWA 100 Best Wealth Creators. (gambar no. 2) Peringkat 8 SWA 100 Indonesia s Best Wealth Creators dari 100 Perusahaan. Berdasarkan Wealth Added Index (WAITM), diselenggarakan oleh majalah SWA bekerja sama dengan Stern Stewart & Co. (gambar no. 3) JUNE Best Wealth Creators in Asean Best Public Companies category, at SWA 100 Indonesia Awards. (picture no.1) Best Wealth Creators in Indonesia Best Public Companies category at SWA 100 Indonesia Awards 2011. First Rank in Indonesia Best Public Companies category, at SWA 100 Indonesia Awards Best Wealth Creators. (picture no.2) Ranked 8th SWA 100 Indonesia s Best Wealth Creators from 100 companies. Based on Wealth Added Index (WAITM), held by SWA Magazine in cooperation with Stern Stewart & Co. (picture no.3) 4 5 6 7 AGUSTUS Top Brand Awards 2011 dari Frontier Consulting Group bekerja sama dengan majalah Marketing. (gambar no. 4) Super Brand dari Phoenix Communication. (gambar no. 5) Lembaga Litbang di Industri Terbaik dalam acara Anugerah Iptek Tahun 2011 Pranata Litbang (Prayogasala) diberikan oleh Presiden RI pada Hari Kebangkitan Teknologi Nasional (Hakteknas) ke-16 pada tanggal 10 Agustus 2011 SEPTEMBER Indonesia Green Awards 2011 dari Majalah Bisnis & CSR. (gambar no. 6) Excellent Presentation On International Exposation For Excellent Team in International IETECH Singapore. (gambar no. 7) AUGUST Top Brand Awards 2011 from Frontier Consulting Group in cooperation with Marketing magazine. (picture no.4) Super Brand from Phoenix Communication. (picture no 5) Industry R&D Institutions (Lembaga Litbang) for Best Industry at The Gift of Science and Technology 2011 Pranata Research & Development (Prayogasala) presented by RI President on 16th National Technology Day (Hakteknas) on August 10, 2011. SEPTEMBER Indonesia Green Awards 2011 from Bisnis Magazine & CSR. (picture no 6) Excellent Presentation On International Exposition For Excellent Team at International IETECH Singapore. (picture no 7) OKTOBER Predikat Sangat Bagus untuk BUMN Industri Non- Keuangan dalam InfoBank BUMN Awards. (gambar no. 8) OCTOBER Rated Very Good for Non-financial SOE at InfoBank SOE Awards. (picture no 8) LAPORAN TAHUNAN 2011 ANNUAL REPORT
PEMBAHASAN DAN ANALISIS MANAJEMEN MANAGEMENT S DISCUSSION AND ANALYSIS LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT LAPORAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY REPORT LAIN-LAIN OTHERS 15 november NOVEMBER 8 Penghargaan Predikat Good Performance oleh IQA ( Indonesian Quality Awards). (gambar no. 9) Menerima penghargaan bidang Tata Kelola Lingkungan untuk yang ketiga kalinya dengan peringkat Proper Hijau 2011. (gambar no. 10) Awarded Good Performance Rating by IQA (Indonesian Quality Awards). (picture no.9) A c c e p t e d a w a r d f o r E n v i r o n m e n t a l Management for the third time with the rating Proper Green 2011. 9 desember 10 Perusahaan Berkinerja Terbaik Versi Majalah Forbes. (gambar no. 11) Best Disclosure & Transparency pada ICD CG Conference and Awards dari Indonesian Institute for Corporate Directorship. (gambar no. 12) Indonesia s Most Trusted Companies untuk Kategori Survey to Investor and Analysts oleh Majalah SWA. Penghargaan untuk Kategori Industri yang Berwawasan Lingkungan dalam rangka ISRA (Indonesia Sustainability Reporting Award) oleh NCSR ( Nasional Center for Sustainability Reporting). (gambar no. 13) december 10 Best Performing Companies by Forbes Magazine. (picture no.11) Best Disclosure & Transparency at ICD CG Conference and Awards from Indonesian Institute for Corporate Directorship. (picture no.12) Indonesia s Most Trusted Companies in Survey of Investors and Analysts Category by SWA Magazine. Award for Environmentally-minded Industry at ISRA (Indonesia Sustainability Reporting Award) by NCSR (National Center for Sustainability Reporting). (picture no.13) 10 11 SERTIFIKASI CERTIFICATION 12 ISO 9001 : 2008 Sistem Manajemen Mutu. (sertifikasi oleh SGS-UK, 2009-2012). Quality Management System (certified by SGS-UK, 2009-2012). ISO 14001 : 2004 Sistem Manajemen Lingkungan. (sertifikasi oleh SGS, 2010-2013). Environmental Management System (certified by SGS,2010-2013). 13 OHSAS - 18001 : 2007 Sistem Manajemen Keselamatan dan Kesehatan Kerja. (sertifikasi oleh SGS-UK, 2008-2011) Occupational Health & Safety Management System. (certified by SGS-UK, 2008-2011) SMK3 Kerja Sistem Manajemen Keselamatan dan Kesehatan Kerja (Sertifikasi oleh Sucofindo, 2011) Occupational Health & Safety Management System (certified by Sucofindo, 2011) ISO/IEC - 17025 : 2008 Sertifikat Akreditasi Laboratorium Pengujian Bahan (LP-151-DN) (sertifikasi dari KAN, 2011-2013). Materials Testing Laboratory Accreditation Certificate (LP-151-DN) (certified by KAN, 2011-2013). PT SEMEN GRESIK (PERSERO) Tbk.
16 IKHTISAR HIGHLIGHTS LAPORAN MANAJEMEN INFORMASI PERUSAHAAN INFORMASI BAGI INVESTOR TINJAUAN OPERASIONAL Management Report COMPANY PROFILE INFORMATION FOR INVESTORS Operational PERFORMANCE laporan dewan komisaris Report from the Board of Commissioners Pengawasan pelaksanaan rencana pengembangan jangka panjang, implementasi manajemen risiko, pengembangan human capital, realisasi proyek strategis dan peningkatan kualitas penerapan praktek GCG untuk menjamin pertumbuhan kinerja yang gemilang dan berkelanjutan. Supervising implementation of planned long term developments, implementing risk management, human capital development, strategic project realization and improvements to the quality of GCG application to ensure bright and sustainable performance growth. Pemegang Saham yang terhormat, Kami, Dewan Komisaris, dengan besar hati menyampaikan penghargaan kepada Direksi, manajemen, dan seluruh karyawan atas keberhasilan Perseroan dalam menorehkan prestasi kinerja yang membanggakan pada tahun 2011. Seluruh hasil ini tentu tidak lepas dari kesiapan manajemen dalam menyambut peluang usaha yang tercipta seraya memanfaatkan akumulasi kemampuan seluruh jajaran organisasi secara terpadu dalam bentuk penerapan strategi yang tepat. Ketepatan penerapan strategi dan kecepatan pengambilan keputusan operasional sangat penting, mengingat permintaan produk semen padatahun lalu tumbuh tinggi di luar perkiraan para pelaku industri, sementara Perseroan menghadapi kendala keterbatasan kapasitas. Sebagaimana diketahui, pertumbuhan perekonomian Indonesia (GDP) pada tahun 2011 cukup baik, mencapai 6,5% dengan didukung konsumsi domestik, kinerja ekspor yang baik dan peningkatan kegiatan investasi. Pertumbuhan ekonomi tersebut juga ditandai dengan perbaikan kondisi ekonomi makro yang mencakup terkendalinya tingkat inflasi yang hanya sebesar 3,79%, kestabilan nilai tukar rupiah, turunnya BI rate menjadi sebesar 6,0% dan peningkatan peringkat utang luar negeri Indonesia menjadi investment grade (Fitch Ratings, BBB- dan Moody s Investor Service, Baa3). Seluruh kondisi tersebut mempengaruhi peningkatan konsumsi semen di tahun 2011 yang tumbuh tinggi. Namun demikian, kondisi perekonomian global yang masih tidak menentu terkait dengan krisis di kawasan Uni Eropa dan defisit anggaran Amerika Serikat mulai kuartal ketiga tahun 2011 bisa mempengaruhi tingkat pertumbuhan perekonomian nasional pada tahun mendatang yang, pada akhirnya, mempengaruhi permintaan semen nasional pada masa mendatang. Respected Shareholders, We, the Board of Commissioners, express our great appreciation to the Board of Directors, the management and all employees for successfully achieving a strong performance for the Company in 2011 that we can be proud of. These results are inseparable from the management s readiness to greet all business opportunities as they arise while making integrated use of accumulated capabilities throughout the organization and the application of the right strategies. It is of great importance to be able to apply accurate strategies and make organizational decisions quickly, considering that demand for cement last year grew far beyond the estimates of industry observers while at the same time the Company was facing the obstacle of limited capacity. As is well known, Indonesia s economic growth (GDP) in 2011 was good, achieving 6.5% supported by domestic consumption, good export performance and increasing investment activities. Economic growth was also marked with improvements to macroeconomic conditions, including control over the rate of inflation, which was held at only 3.79%, stability of the Rupiah exchange rate, a fall in the BI reference rate to 6.0% and an increase in Indonesia s foreign debt rating to investment grade (Fitch Ratings, BBBand Moody s Investor Service, Baa3). All these conditions have had an influence on the high growth in cement consumption during 2011. However, global economic conditions remain uncertain due to the crisis in the European Union and the double deficit in the United States, which started in the third quarter of 2011, and could influence national economic growth levels in the coming year, which in turn could influence the national demand for cement in the future. LAPORAN TAHUNAN 2011 ANNUAL REPORT