Management Presentation March 2016
LINES OF BUSINESS CONSTRUCTION EPC PROPERTY & REALTY MANUFAKTUR PRECAST Apartment Precast Concrete Building Power Plant Offices Airport Industry Condotel Seaport Oil & Gas Road & Bridges Watery Works PT APG Construction Division 1-7 Div. LRT Construction Div. LRT Engineering PMU EPC PT APP PT APB Division Property TOD Division Hotel 2
ADHI SHARES OWNERSHIP 8,8% 13,2% 40,2% 35,8% Government of Indonesia Public 51,0% 51,0% 51 % 49 % Dec 2014 Dec 2015 Government Local Foreign 3
BOARD OF COMMISIONERS M. Fadjroel Rachman Bobby Achirul Awal Nazief Wicipto Setiadi Rildo Ananda Anwar Muchlis Rantoni Luddin Hironimus Hilapok President Commissioner Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioner 4
BOARD OF DIRECTORS Kiswodarmawan Haris Gunawan BEP Adji Satmoko Djoko Prabowo Budi Saddewa Soediro Pundjung Setyabrata President Director Director Director Director Director Director 5
ADHI SHARES PERFORMANCE 3.400 3.000 Last price as of March 2: IDR 2,590 YTD Return : 21,03% 2.600 2.200 1.800 1.400 Feb-15 May-15 Aug-15 Nov-15 Feb-16 ADHI IJ JCI Rebase as of 27-Feb-15
MARKET SEGMENTATION 100% 90% 80% 21,6% 16,5% 26,9% 40,0% 41,1% 32,0% 37,1% 70% 60% 27,3% 47,8% 31,4% 18,9% 50% 20,4% 25,4% 25,7% 40% 30% 20% 51,1% 35,7% 41,7% 39,6% 33,5% 49,1% 37,2% 10% 0% 2010 2011 2012 2013 2014 2015 2016F PRIVATE 21,6% 16,5% 26,9% 40,0% 41,1% 32,0% 37,1% SOE 27,3% 47,8% 31,4% 20,4% 25,4% 18,9% 25,7% GOVERNMENT 51,1% 35,7% 41,7% 39,6% 33,5% 49,1% 37,2%
TYPE OF WORK 100% 90% 80% 70% 60% 50% 40% 22% 2% 35% 29% 5% 21% 30% 20% 10% 41% 45% 0% 2015 2016F Other Infrastructure 22% 29% Dock 2% 5% Road & Bridge 35% 21% Building 41% 45%
2016 SALES TARGET in million rupiah [CATEGORY NAME]; [VALUE] & Hotel ; 1.682 Konstruksi & EPC ; 17.663
CONSOLIDATED PERFORMANCE In million IDR 2015A 2016F New Contract 13.962 25.064 % Growth 51% 80% Carry Over 7.758 12.331 Order Book 21.720 37.395 Sales (in tn) 9,4 20,0 Gross Margin 10,4% 12,3% EBIT Margin 9,4% 8,5% EBITDA Margin 9,7% 8,8% EAT Margin 4,94% 3,76% 6
CONSTRUCTION & EPC In billion IDR Construction & EPC 2014 2015 2016F New Contract 8.232,0 12.952,1 18,749,3 Sales 8.133,8 9.202,3 16.612,7 Gross Margin 8,1% 8,3% 10,0% 14.000.000 12.000.000 10.000.000 8.000.000 6.000.000 4.000.000 2.000.000 - in million rupiah 12.952.088
Jan-15 Feb-15 Mar-15 Apr-15 Mei-15 Jun-15 Jul-15 Agust-15 Sep-15 Okt-15 Nop-15 Des-15 PRECAST CONCRETE In billion IDR Precast Concrete 2014 2015 2016F New Contract 145,27 227,99 2.350,11 Sales 164,91 149,0 606,8 Gross Margin 20,83% 21,6% 15,4% 250.000 in million rupiah 227.998 200.000 150.000 100.000 50.000 - Nama Produk Kapasitas Seluruh (Ton) Produksi Terpakai (Ton) Pabrik Sadang Pabrik Mojokerto Pabrik Sadang Pabrik Mojokerto Spun Pile 160,130 35,298 138,444 31,650 CCSP 46,200 12,128 15,925 10,491 Kolom 27,413-20,381 - PCI Girder - 54,313-1,956 Square Pile 31,680 17,280 - - FSP 56,100 - - - Pile Cap 26,469-5,823 - Box Culvert 17,417-8,170 - Total 365,409 119,019 188,743 44,097 7
LIGHT RAIL TRANSIT (LRT) 9
1st Phase Construction 10
PROPERTY In billion IDR Property 2014 2015 2016F Marketing Sales 911.3 784.8 1.825,5 Pendapatan Usaha 858,8 610,6 1.488,2 Gross Margin 35,70% 29,90% 28,25% Total Land Bank Development (sqm) 394.588 Total Land Bank Next Project (sqm) 50.861 Total Land Bank (sqm) 445.449 Taman Melati Margonda 900.000 800.000 700.000 600.000 500.000 400.000 300.000 200.000 100.000 - in million rupiah 784.794 Luas Lahan (m2) 1,740 Apartemen Luas Gedung (m2) 20,727 Saleable Area (m2) 14,968 Total Unit 513 13
PROPERTY Development Taman Melati Yogyakarta @Sinduadi Taman Melati Jatinangor Luas Lahan (m2) 4.645 Taman Melati Surabaya @Merr Luas Lahan (m2) 5.756 Apartemen Luas Gedung (m2) Gross 53.562 Saleable Area (m2) Semi Gross 32.240 Luas Lahan (m2) 5.239 Apartemen Luas Gedung (m2) Gross 23.715 Saleable Area (m2) Semi Gross 25.287 Total Unit 897 Luas Gedung (m2) Gross Saleable Area (m2) Semi Gross Apartemen 19.459 17.849 Total Unit 758 Total Unit 1.130 14
PROPERTY Development Grand Dhika City @Jatiwarna (Emerald Tower) Grand Dhika City Bekasi (Cempaka Tower) Luas Lahan (m2) 5.000 Apartemen Mixed Use Luas Gedung (m2) Gross 41.802 Saleable Area (m2) Semi Gross 27.828 Total Unit 793 Luas Lahan (m2) 9.000 Luas Gedung (m2) Gross Saleable Area (m2) Semi Gross Apartemen Mixed Use 32.293 27.152 Total Unit 898 15
PROPERTY Development The Taman Dhika Sidoarjo Kota Luas Lahan (m2) 8.400 Hunian The Taman Dhika Ciracas Total Unit 35 Luas Lahan (m2) 270,920 Hunian Total Unit 1,218 The Taman Dhika Cinere Luas Lahan (m2) 13.000 Hunian Total Unit 28 16
PROPERTY Development Luas Lahan (m2) 23.565 Commercial Luas Gedung (m2) 37.337 Saleable Area (m2) 25.161 Mandau City Mall Luas Lahan (m2) 14.888 Commercial Cimone Mall Luas Gedung (m2) 49.379 Saleable Area (m2) 22.834 Grand Dhika Commercial Estate Luas Lahan (m2) 16.000 Commercial Luas Gedung (m2) 9.606 Saleable Area (m2) 8.858 17
PROPERTY Development Perkantoran Taman Melati Margonda 18 Office Park Luas Lahan (m2) 4.035 Office Saleable Area (m2) 3.600 Luas Lahan (m2) 12.400 Office Saleable Area (m2) 7.200 18
PROPERTY Next Project Taman Melati Yogyakarta @Sardjito Grand Dhika Mansion @Pejaten Tahap I dan II Luas Lahan (m2) 4.941 Apartemen Luas Gedung (m2) 34.430 Saleable Area (m2) 21.715 Total Unit 721 Luas Lahan (m2) 22,042 Hunian Total Unit 400 19
PROPERTY Next Project Taman Melati Malang @Dinoyo Mardhika Park Luas Lahan (m2) 15,500 Apartemen Luas Lahan (m2) 4.841 Apartemen Luas Gedung (m2) Gross 29.833 Saleable Area (m2) Semi Gross 28.480 Total Unit 971 Luas Gedung (m2) Gross 58.447 Saleable Area (m2) Semi Gross 49.680 Total Unit 2,160 20
PROPERTY Next Project Taman Melati Margonda 3 Luas Lahan (m2) 3.537 Apartemen Luas Gedung (m2) Gross 32.516 Saleable Area (m2) Semi Gross 22.920 Total Unit 882 21
HOTEL Hotel Grandhika Semarang Hotel Grandhika Blok M Luas Lahan (m2) 2.346 Hotel Luas Gedung (m2) 12.597 Guest Room Unit 161 Hotel Grandhika Medan Luas Lahan (m2) 2.700 Hotel Luas Gedung (m2) 21.883 Guest Room Unit 241 Luas Lahan (m2) 3.618 Hotel Luas Gedung (m2) 10.231 Guest Room Unit 123 22
FINANCIAL HIGHLIGHT Revenue (Rp billion) Gross Profit (Rp billion) 25.000 20.000 19.951 3.000 2.500 2.447 15.000 10.000 5.000 6.695 7.628 9.800 8.654 9.390 2.000 1.500 1.000 500 734 956 1.193 998 975-2011A 2012A 2013A 2014A 2015A 2016F - 2011A 2012A 2013A 2014A 2015A 2016F EAT (Rp billion) 800 700 600 500 400 300 200 100-750 408 464 329 182 212 2011A 2012A 2013A 2014A 2015A 2016F
FINANCIAL HIGHLIGHT Total Asset (Rp billion) Total Liability (Rp billion) 30.000 25.000 24.903 25.000 20.000 19.192 20.000 15.000 10.000 5.000 6.113 7.872 9.721 10.549 16.378 15.000 10.000 5.000 5.123 6.795 8.261 8.818 11.562-2011 2012 2013 2014 2015 2016F - 2011 2012 2013 2014 2015 2016F Total Equity (Rp billion) 6.000 5.000 4.000 3.000 2.000 1.000-5.711 5.176 1.460 1.641 990 1.077 2011 2012 2013 2014 2015 2016F
FINANCIALRATIO Gearing Ratio (X) Net Gearing Ratio (X) 1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2-1,4 1,2 0,9 0,7 0,6 0,5 2011A 2012A 2013A 2014A 2015A 2016F 1,0 0,8 0,6 0,4 0,2 - (0,2) (0,4) (0,6) 0,9 0,1 2011A 2012A 2013A 2014A 2015A 2016F (0,0) (0,2) (0,2) (0,4)
PT Adhi Karya (Persero) Tbk. THANK YOU Visit us at www.adhi.co.id For further information please contact: Ki Syahgolang Permata, Corporate Secretary P. +62 21 797 5312 F. +62 21 797 5311 E. adhi@adhi.co.id Disclaimer: Important Notice This document was prepared solely and exclusively for the parties presently being invited for the purpose of discussion. Neither this document nor any of its content may be reproduced, disclosed or used without the prior written consent of PT Adhi Karya (Persero) Tbk. This document may contain statements that convey future oriented expectations which represent the Company s present views on the probable future events and financial plans. Such views are presented on the basis of current assumptions, are exposed to various risks and are subject to considerable changes at any time. Presented assumptions are presumed correct, and based on the data available on the date, which this document is assembled. The company warrants no assurance that such outlook will, in part of as a whole, eventually be materialized. Actual results may diverge significantly from those projected. The information in this document is subject to change without notice, its accuracy is not verified or guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. None of the Company, PT Adhi Karya (Persero) Tbk. or any person connected with any of them accepts any liability whatsoever for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith. 29