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%
51,0%
51,0%
Dec 2014
Dec 2015
Government
Local
Foreign
Government of Indonesia
51 %
Public
49 %
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
Last price as of March 2: IDR 2,590 YTD Return : 21,03%
3.000
2.600
2.200
1.800
1.400 Feb-15
May-15
ADHI IJ
Aug-15
Nov-15
JCI Rebase as of 27-Feb-15
Feb-16
MARKET SEGMENTATION 100% 90%
21,6%
16,5% 26,9%
80%
40,0%
41,1%
32,0%
37,1%
70% 60%
27,3% 47,8%
18,9%
31,4%
50%
20,4%
25,7%
25,4%
40% 30%
51,1%
20%
35,7%
41,7%
39,6%
2012 26,9% 31,4% 41,7%
2013 40,0% 20,4% 39,6%
49,1% 37,2%
33,5%
10% 0% PRIVATE SOE GOVERNMENT
2010 21,6% 27,3% 51,1%
2011 16,5% 47,8% 35,7%
2014 41,1% 25,4% 33,5%
2015 32,0% 18,9% 49,1%
2016F 37,1% 25,7% 37,2%
TYPE OF WORK 100% 90% 80%
22% 2%
70% 60%
29%
5% 35%
21%
50% 40% 30% 20%
41%
45%
10% 0%
Other Infrastructure Dock Road & Bridge Building
2015 22% 2% 35% 41%
2016F 29% 5% 21% 45%
2016 SALES TARGET in million rupiah
[CATEGORY NAME]; [VALUE]
Properti & Hotel ; 1.682
Konstruksi & EPC ; 17.663
CONSOLIDATED PERFORMANCE In million IDR
New Contract % Growth Carry Over Order Book Sales (in tn) Gross Margin EBIT Margin EBITDA Margin EAT Margin
2015A 13.962 51% 7.758 21.720 9,4 10,4% 9,4% 9,7% 4,94%
2016F 25.064 80% 12.331 37.395 20,0 12,3% 8,5% 8,8% 3,76%
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CONSTRUCTION & EPC In billion IDR
in million rupiah
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
8,1%
8,3%
10,0%
Gross Margin
14.000.000 12.000.000 10.000.000 8.000.000 6.000.000 4.000.000 2.000.000 -
12.952.088
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
Nama Produk
150.000 100.000 50.000 Des-15
Nop-15
Okt-15
Sep-15
Agust-15
Jul-15
Jun-15
Mei-15
Apr-15
Mar-15
Feb-15
Jan-15
-
Spun Pile CCSP Kolom PCI Girder Square Pile FSP Pile Cap Box Culvert Total
Kapasitas Seluruh (Ton) Pabrik Sadang Pabrik Mojokerto 160,130 35,298 46,200 12,128 27,413 54,313 31,680 17,280 56,100 26,469 17,417 365,409 119,019
Produksi Terpakai (Ton) Pabrik Sadang Pabrik Mojokerto 138,444 31,650 15,925 10,491 20,381 1,956 5,823 8,170 188,743 44,097 7
LIGHT RAIL TRANSIT (LRT)
9
1st Phase Construction
10
PROPERTY In billion IDR
Property Marketing Sales Pendapatan Usaha Gross Margin Total Land Bank Development (sqm) Total Land Bank Next Project (sqm) Total Land Bank (sqm)
2014 911.3 858,8 35,70%
2015 784.8 610,6 29,90% 394.588 50.861 445.449
2016F 1.825,5 1.488,2 28,25% Taman Melati Margonda
in million rupiah
900.000 800.000 700.000 600.000 500.000 400.000 300.000 200.000 100.000 -
784.794
Luas Lahan (m2) Properti
1,740 Apartemen
Luas Gedung (m2)
20,727
Saleable Area (m2)
14,968
Total Unit
513
13
PROPERTY Development
Taman Melati Jatinangor
Taman Melati Yogyakarta @Sinduadi
Luas Lahan (m2) Luas Lahan (m2)
Taman Melati Surabaya @Merr
Luas Lahan (m2) Properti
5.756 Apartemen
Luas Gedung (m2) Gross
53.562
Saleable Area (m2) Semi Gross
32.240
Total Unit
1.130
Properti
5.239 Apartemen
Luas Gedung (m2) Gross
23.715
Saleable Area (m2) Semi Gross
25.287
Total Unit
897
Properti
4.645 Apartemen
Luas Gedung (m2) Gross
19.459
Saleable Area (m2) Semi Gross
17.849
Total Unit
758
14
PROPERTY Development
Grand Dhika City Bekasi (Cempaka Tower)
Grand Dhika City @Jatiwarna (Emerald Tower)
Luas Lahan (m2) Luas Lahan (m2) Properti
5.000 Apartemen Mixed Use
Luas Gedung (m2) Gross
41.802
Saleable Area (m2) Semi Gross
27.828
Total Unit
793
Properti
9.000 Apartemen Mixed Use
Luas Gedung (m2) Gross
32.293
Saleable Area (m2) Semi Gross
27.152
Total Unit
898
15
PROPERTY Development The Taman Dhika Sidoarjo Kota
Luas Lahan (m2)
Properti Total Unit
The Taman Dhika Ciracas
8.400
Hunian 35
Luas Lahan (m2)
270,920
Properti
Hunian
Total Unit
Luas Lahan (m2) The Taman Dhika Cinere
Properti Total Unit
1,218
13.000
Hunian 28
16
PROPERTY Development Luas Lahan (m2) Properti
23.565 Commercial
Luas Gedung (m2)
37.337
Saleable Area (m2)
25.161
Mandau City Mall
Luas Lahan (m2) Properti
14.888
Cimone Mall
Commercial
Luas Gedung (m2)
49.379
Saleable Area (m2)
22.834
Grand Dhika Commercial Estate
Luas Lahan (m2) Properti
16.000 Commercial
Luas Gedung (m2)
9.606
Saleable Area (m2)
8.858
17
PROPERTY Development Perkantoran Taman Melati Margonda
Luas Lahan (m2) Properti Saleable Area (m2)
18 Office Park
4.035 Office
Luas Lahan (m2)
12.400
Properti
Office
Saleable Area (m2)
7.200
3.600 18
PROPERTY Next Project Taman Melati Yogyakarta @Sardjito
Luas Lahan (m2) Properti
Grand Dhika Mansion @Pejaten Tahap I dan II
4.941 Apartemen
Luas Lahan (m2)
Luas Gedung (m2)
34.430
Properti
Saleable Area (m2)
21.715
Total Unit
Total Unit
721
22,042 Hunian 400 19
PROPERTY Next Project Taman Melati Malang @Dinoyo
Mardhika Park
Luas Lahan (m2) Properti Luas Lahan (m2)
Properti
4.841
Apartemen
Luas Gedung (m2) Gross
29.833
Saleable Area (m2) Semi Gross
28.480
Total Unit
971
15,500 Apartemen
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) Properti
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
Properti
Hotel
Luas Gedung (m2)
12.597
Guest Room Unit
161 Hotel Grandhika Medan
Luas Lahan (m2)
2.700
Properti
Hotel
Luas Gedung (m2) Guest Room Unit
21.883 241
Luas Lahan (m2)
3.618
Properti
Hotel
Luas Gedung (m2) Guest Room Unit
10.231 123
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FINANCIAL HIGHLIGHT Gross Profit (Rp billion)
Revenue (Rp billion) 25.000
3.000
19.951
20.000
2.000
15.000 10.000
2.447
2.500
9.800 6.695
7.628
8.654
1.500
9.390
1.000
5.000
500
-
2011A
2012A
2013A
2014A
2015A
2011A
2016F EAT (Rp billion)
800 700 600 500 400 300 200 100 -
750
408 182
734
464 329
212
2011A 2012A 2013A 2014A 2015A 2016F
956
2012A
1.193
2013A
998
975
2014A
2015A
2016F
FINANCIAL HIGHLIGHT Total Asset (Rp billion)
Total Liability (Rp billion) 25.000
30.000
24.903
25.000 20.000
16.378
15.000 10.000
6.113
7.872
9.721
15.000
10.549
5.000 -
-
2012
2013
2014
11.562
10.000
5.000
2011
19.192
20.000
2015
2016F
5.123
2011
6.795
2012
Total Equity (Rp billion)
6.000
5.176
5.711
5.000 4.000 3.000 2.000 1.000
990
1.077
2011
2012
1.460
1.641
2013
2014
2015
2016F
8.261
8.818
2013
2014
2015
2016F
FINANCIALRATIO Gearing Ratio (X)
1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 -
Net Gearing Ratio (X)
1,4
1,0
1,2
0,9
0,8
0,9
0,6
0,7
0,6 0,5
0,4 0,2
0,1
2011A
2012A
2013A
2014A
2015A
2016F
(0,2) (0,4) (0,6)
2011A
2012A (0,0)
2013A (0,2)
2014A
2015A
2016F
(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.
[email protected] 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.
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