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Company Update
PT WASKITA BETON PRECAST Tbk
1Q – 2018
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Who We Are
Karawang Plant (2016)
Organization Structure
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PT Waskita Karya (Persero) Tbk
59,99%
PT Waskita Beton Precast Tbk
99,99%
PT WaskitaKarya Realty
72,19%
PT Waskita Toll Road
PT WaskitaKarya Energi
99,99%
VisionTo Become Leading Company In Indonesia In Manufacturing
Sector of Precast, Readymix, Quarry, Construction Service And Post-tension Precast Concrete
Establishment of Precast Division
Establishment of PT Waskita Beton Precast as subsidiary
October 2014
2013
20142015
2016
IPO PT Waskita BetonPrecast Tbk
September 2016
0.62
0.80
1.802.65
5x
We have grown significantly since our first inception in 2013
Public
59.99% 40.01%
2017
3.25
MSCIMay 2017
Buyback 7%Jul – Dec 2017
X
3.75
2018
Precast Division
Production Capacity (Million Ton per Year)
LQ-45 & Kompas 100
Januari 2018
Precast Readymix
Construction Services
Our main products are Precast and Readymix Concrete
Cibitung(350,000 ton)
Sidoarjo(400,000 ton)
Palembang(200,000 ton)
Kalijati(250,000 ton)
Karawang(450,000 ton)
Bojonegara(200,000 ton)
Subang(350,000 ton)
Klaten(150,000 ton)
Sadang(375,000 ton)
Gasing(250,000 ton)
Legundi(275,000 ton)
Plant (11) Batching Plant (72)
JABODETABEK1. Becakayu2. Cakung3. Desari4. Karawaci5. Bocimi 1,2 & 36. Japek 1, 2 & 37. Cibitung Cilincing8. Kota Wisata
NORTH SUMATRA1. Kuala Tanjung2. MKTT
LAMPUNG1. Lampung2. Bandar Agung
NORTH SULAWESI1. Manado - Betung
SOUTH SUMATERA1. Bandaragung2. Bumi Harapan3. Wonokerto4. Gunung Batin5. Bujung Dewa6. Srigedung Mulya7. Simpang Pematang8. Delima mix9. Maju mix10. Jakabaring 2 & 311. Sedyomulyo12. Kayu Agung13. Adiwerna14. Balamoa 1, 2 & 315. Warureja 1 & 2
EAST JAVA1. Muneng2. Tongas3. Grati4. Legundi5. Meganti6. Boboh7. Tabaloan
CENTRAL JAVA1. Masaran2. Kebonromo3. Banaran4. Walikukun5. Sidowayah 1 & 26. Grudo 1 & 27. Baderan8. Balerejo9. Tingkir10. Ampel11. Boyolali12. Petarukan13. Bojong14. Warungasem15. Pemalang16. Candi Areng17. Kandeman18. Subah 1 & 219. Gringsing20. Pegandon21. Kaliwungu 1 & 222. Ngaliyan
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39%40%
21%
We have developed a number of Product Lineup
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Pre
cast
Pro
du
cts
L GUTTERU DITCH CCSP U GUTTER DIAFRAGMA WALLFCSP
BOX GIRDER PCI GIRDER
PCU GIRDER
PCT GIRDER SPUN PILE 60cmSQUARE PILE
RC PLATE BARRIER HALF SLABFULL SLAB VOIDED SLAB
SPUN PILE 1,2m
K100 – K800Rea
dym
ix P
rod
uct
s
800,000
1,800,000
2,650,000
3,250,000
3,750,000
58%
64%
70%70.93%
40%
45%
50%
55%
60%
65%
70%
75%
-
800,000
1,600,000
2,400,000
3,200,000
4,000,000
2014 2015 2016 2017 2018F
Precast Production Volume as per March 2018 : 435,382 Ton
Precast Capacity & Utility
• In 2017, plant’s capacity and precastproduction is 4 times from 2014
• Our production Capicity Now Is 3,250,000Ton / Year
Capacity expansion ensures our future growth
Precast Volume Production
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‘14-’17CAGR 64%
‘14-’17CAGR 60%
463,200
1,160,000
1,561,229
2,056,983
435,382
2014 2015 2016 2017 2018 1Q
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Our Competitive Edge
Cimanggis – Cibitung Tollroad (October - 2017)
Synergy with WSKT Group has given us competitive advantages
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VERTICAL INTEGRATION
Tahun 2014 2015 2016 2017 2018F
(IDR) 4.1 T 2.6 T 12.2 T 11 T POTENTIALS
Projects
Bekasi-Cawang-Kp.Melayu(Becakayu Seksi 1-2)
Pejagan Pemalang(Seksi 3)
Pejagan Pemalang (Seksi 4) Cinere -Serpong Tol Malang - Kepanjen
Pejagan Pemalang (Seksi1-2)
Kuala Tanjung Port Cimanggis Cibitung Paket 2 Legundi - Bunder Tol Singosari – Batu
Depok - Antasari Tollroad MKTT Pemalang Batang Terbanggi Besar – Kayu Agung Jakarta – Cikampek 2
Solo - Ngawi (Seksi 1-2)
Batang SemarangPematang Panggang KayuAgung (PPKA)
Tol Jogja - solo
Ngawi Kertosono Bogor Ciawi 2 – 4 Kediri – Kertosono LRT Jakarta
Cimanggis CibitungPaket 1
LRT – PalembangCileunyi – sumedang – dawuan(Cisumdawu)
Tol Makasar - Marros
Legundi – Bunder Jakarta - CikampekTol Semarang - Demak -Legundi
Kayu Agung- Palembang –Betung
Gempol - Porong Tol Depok - Antasari
Pasuruan – Probolinggo Cibitung - Cilincing Penajam – Balikpapan
Probolinggo –Banyuwangi
Obtains higher marketing performance (1/2)
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New Contract Achievement (In Rp Billion)
• New Contract per end of March 2018: Rp2.12 trilion
• Contracts mainly supported by business development projects (Toll-Road)
• Business development consist of both External and Internal Project
4,099
2,655
12,227
11,032
2,119
2014 2015 2016 2017 1Q18
Obtains higher marketing performance (2/2)
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(In Rp Billion)
4,408 5,871
15,051
21,208
16,223
2014 2015 2016 2017 1Q18
Orderbook as per March 2018 : Rp 16.22 Trilion (including carry over 2017 of Rp 14,10 Trilion)
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These competitive edges are reflected in our contract achievement
Efficiencies are pushed forward to support better margin
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Quarry
HORIZONTAL INTEGRATION
Mixer Truck
We own majority of our Mixer Trucks in operation for Readymix
Concrete to provide better operating margin
Location
Bojanegara, Cilegon
Pasuruan, Lumbang
Rumpin, Bogor
Salatiga, Boyolali
Talun, Pekalongan
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Performance Delivered
LRT Palembang (2017)
Major Contracts Progress
Solo Kertosono
(94.5%)
LRT Palembang
(99.9%)
CCTW I & II
(65.4% & 21.7)
Becakayu
(93.7%)
Jakarta – Cikampek Elevated
(30.6%)
Batang – Semarang
(57.7%)
Legundi – Bunder
(55.7%)
Bogor – Ciawi –Sukabumi
(29.01%)
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CAGR118%
Balance Sheet Position
Total Liabilities
Interest Bearing Debt
(in IDR Billion)
CAGR148%
CAGR131%
Total Asset
Total Equity
16*Notes: CAGR is only for 2014-2017 audited period
1,203
4,332
13,734
14,920
1,575
5,825
13,808
14,580
2014A 2015A 2016A 2017A 2018A
FY 1Q
500
3,002
6,329
7,603
830
4,092
6,523 6,753
2014A 2015A 2016A 2017A 2018AFY 1Q
702
1,331
7,406
7,317
745
1,732
7,285
7,828
2014A 2015A 2016A 2017A 2018A
FY 1Q
-
761
3,356
4,988
-
1,183
3,683
4,671
2014A 2015A 2016A 2017A 2018AFY 1Q
Profit and Loss StatementsRevenues Cost of Revenues
EBITDA Net Profit
(in IDR Billion)
CAGR123%
Note: • CAGR is only for 2014-2017 audited period• 2014’s figures are for the period from September to December 2014 is the Full Year Figure for the period from January to December 2014
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CAGR118%
CAGR134%
CAGR92%
346706
1,218
2,296
642
2,644
4,717
7,104
2014A 2015A 2016A 2017A 2018A
1Q FY
294 482 878
1,547
495
2,225
3,498
5,156
2014A 2015A 2016A 2017A 2018A
1Q FY
54238
362
842
149
451
1,230
1,908
2014A 2015A 2016A 2017A 2018A
1Q FY
4399
194
511
140
334
635
1,000
2014A 2015A 2016A 2017A 2018A
1Q FY
1.025
149
11.67%
7.72%
4.62%6.70%
2.71%1.71% 1.40%
3.50%
2014A 2015A 2016A 2017A 2018A
FY 1Q
19.98%
25.12%
8.57%13.67%
5.73%
5.73%2.66%
6.53%
2014A 2015A 2016A 2017A 2018A
FY 1Q
1.96
0.41
2.32
1.52 1.52
0.62
2.21
1.58
2014A 2015A 2016A 2017A 2018A
FY 1Q
Financial Ratio
Return on Equity Ratio Return on Assets Ratio
Debt to Equity Ratio Current Ratio
-8%CAGR
-12%CAGR -17%CAGR
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-
0.57
0.45
0.68
-
0.68
0.51
0.60
2014A 2015A 2016A 2017A 2018A
FY 1Q
Financial Statement : Profit & Loss
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(in IDR Million)
2014A 2015A 2016A 2017A 1Q 2018
Revenues 641,931 2,644,320 4,717,150 7,104,158 2,296,335
Cost of Revenues (495,226) (2,224,890) (3,497,932) (5,155,967) (1,547,237)
Gross Profit 146,705 419,430 1,219,218 1,948,191 749,098
Gross Profit Margin 22.85% 15.86% 25.85% 27.42% 32.62%
Operating Cost (4,802) (56,075) (106,391) (414,515) (39,654)
Operating Profit 141,903 363,355 1,112,827 1,533,676 709,444
Operating Profit Margin 22.11% 13.74% 23.59% 21.59% 30.89%
Other Income/expense 794 1,778 52,111 88,120 2,925
142,697 365,132 1,164,938 1,621,796 712,369
- (19,582) (197,594) (465,562) (96,602)
Net Profit Before Tax 142,697 345,550 967,344 1,156,234 615,767
Tax Expense/Income (2,392) (11,181) (332,525) (155,904) (104,888)
Net Profit 140,305 334,370 634,819 1,000,330 510,879
Net Profit Margin 21.86% 12.64% 13.46% 14.08% 22.25%
EBITDA 149,201 450,734 1,229,953 1,908,480 841,714
23.24% 17.05% 26.07% 26.86% 36.65%
Profit Before Fin Charges, Net Rev of JV &
TaxTotal Fin Charges & Net Rev of JV
EBITDA Margin
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(in IDR Million)
Financial Statement: Financial Position
2014A 2015A 2016A 2017A 1Q 2018
980,931 1,054,582 11,296,401 11,574,944 10,638,850
221,676 3,277,827 2,437,866 3,344,604 3,941,529
1,202,607 4,332,409 13,734,267 14,919,548 14,580,379
LIABILITAS
Total Current Liabilities 500,442 2,541,512 4,877,850 7,593,432 6,743,383
Total Non-Current Liabilities - 460,071 1,450,916 9,461 9,461 Total Liabilities 500,442 3,001,583 6,328,766 7,602,893 6,752,844
EQUITY
Total Equity 702,165 1,330,826 7,405,501 7,316,655 7,827,535
1,202,607 4,332,409 13,734,267 14,919,548 14,580,379
ASET
Total Liabilities and Equity
Total Current Assets
Total Non-Current Assets
Total Assets
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Financial Statement: Cash Flow
(in IDR Million)
2014A 2015A 2016A 2017A 1Q 2018
Net Cash from Operations Activities (42,794) (686,135) (3,034,906) (2,413,797) 860,202
Net Cash from Investing Activities (63,829) (123,555) (833,320) (1,302,336) (270,129)
Net Cash From Financing Activities 378,844 635,655 7,975,859 538,660 (317,101)
Net Increase/(Decrease) in Cash and Cash Equivalents272,221 (174,035) 4,107,634 (3,177,473) 272,972
- 272,221 98,186 4,205,820 1,028,346
272,221 98,186 4,205,820 1,028,346 1,301,318 Cash and Cash Equivalents at the end of the
year
Cash and Cash Equivalents at the beginning
of the year
2018 Target
Jakabaring Palembang Batching Plant (2017) 22
2018 Target
Financial
• Revenue : Rp 9.7 Trillion
• Net Profit : Rp 1.46 Trillion
Operational
• New Contract : Rp 11.5 Trillion
• Production Capacity : 3.75 Million tons
• Utilization : 70%
• Capex : Rp 1.1 Trillion
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DisclaimerThis material is for information only, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or thesolicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The information herein has beenobtained from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such.Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice. It is intended for theuse by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, orredistributed 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
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