Upload
others
View
8
Download
0
Embed Size (px)
Citation preview
PT Adhi Karya (Persero) Tbk.January 2020
persada properti
persada gedung
persada beton
commuter properti
MANAGEMENT PRESENTATION
dumai tirta persada
COMPANY PROFILE
2
ADHI MILESTONE
PN Adhi Karyawas established by
nationalizing a former
Dutch company called
Associatie N.V.
CHANGEDInto PT. Adhi Karya
(Persero)
First SOE
Construction went public on
March 18th, 2004
TRANSFORMATION 2.0Changes vision, mission,
and values; organizational
restructuring; establishment
of ADHI Learning Center
ESTABLISHING ESTABLISHING
EXPANDINGMoU Mass SOE
Transportation;
Grandhika Hotel Blok M;
Precast Factory
Development.
RIGHT ISSUELRT & TOD construction
STARTING LRT construction along
station and supporting
property
ESTABLISHING
commuter properti
CONTRACT SIGNINGLRT Jabodebek Phase I
Project with the Ministry of
Transportation
3
ESTABLISHING
dumai tirta persada
BUSINESS LINES
4
persada gedung
persada beton
commuter properti
persada properti
CONSTRUCTION ENERGY PROPERTY INDUSTRY INVESTMENT
DEPT. INFRA I & II
DEPT. LRT
DEPT. GEDUNG
DEPT. EPC DEPT. INVESTASI
INFRASTRUCTURE
BUILDING
LRT
POWER PLANT
INDUSTRY
OIL AND GAS
PROPERTY
TOD & HOTElPRECAST CONCRETE INFRASTRUCTURE
WATER
ELECTRICITY
dumai tirta persada
SHARES OWNERSHIPAs of December 2019
5
Local : 34,3%
Foreign : 14,7%
51% 49%
99,9%99,7%99,9%99,6% 51,0%
BOARD OF COMMISIONERS
6
President
Commissioner Commissioner Commissioner CommissionerIndependent
Commissioner
Independent
Commissioner
BOARD OF DIRECTORS
President
Director
Director of
Operation 1Director of
Operation 2Director of
Finance
Director of
Human Capital
Director of
QHSE and Development
7
ORDER BOOK
8
31
.87
6
15
.65
5
36
.31
2
18
.44
1
24
.81
9 4.727
30
.47
2
4.260
36
.31
2 44
.08
3
-
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000ORDER BOOK
9
IDR - Billion
Order Book
Carry
Over
to 2019
Revenue Order Book
56.695
66.784
(2018A)(2019F)
Carry
Over
to 2020
(Target)
Revenue
Carry Over
(Target)
New Order
Carry Over
New Order
NJO
JOJO
NJO
20.38222.701
Burnrate
35,95%
Burnrate
33,99%
9,1 T IDR (Excl. Tax)
Nov 2019New Contract:• Coast Guard Building in Palu : 248,2 B IDR• Apartment in Jakarta : 221,3 B IDR• Others : 262,7 B IDR
Total : 732,2 B IDR
Source of Fund
81%
18%1%
Contruction & Energy Property Others
Business Lines
72%
7%
21%
Building Road Others
Type of Work
10
23%
66%
11%
Govt. SOE Private
NEW CONTRACT ACHIEVEMENT UP TO NOV 2019
11
Q3 - PERFORMANCE
INCOME STATEMENT
12
TARGET
SEP 2018 SEP 2019 FY 2019
Revenue 9.432 8.942 18.441 ∇ -5,2% J 48,5%
Gross Profit 1.489 1.391 2.311 ∇ -6,5% K 60,2%
Gross Profit Margin 15,8% 15,6% 12,5%
Net Profit 336 351 755 ∆ 4,7% J 46,5%
Net Profit Margin 3,6% 3,9% 4,1%
INCOME STATEMENT
[SUMMARY]
REALIZATION ANALYSIS
YoY%VS FY
TARGET 2019
IDR - Billion
BALANCE SHEET
13
TARGET
DES 2018 SEP 2019 FY 2019
Asset 30.119 32.669 34.286 ∆ 8,5% M 95,3%
Liability 23.833 26.149 25.360 ∆ 9,7% M 103,1%
Equity 6.285 6.521 8.925 ∆ 3,7% K 73,1%
BALANCE SHEET
[SUMMARY]
REALIZATION ANALYSIS
YoY%VS FY
TARGET 2019
IDR - Billion
CASH FLOW
14
IDR - Billion
TARGET
SEP 2018 SEP 2019 FY 2019
Operating (2.097.071) (3.081.167) (854.658)
Investing (163.921) (1.147.201) (2.297.902)
Financing (366.705) 2.423.956 4.242.174
CASH FLOW
[SUMMARY]
REALIZATION
FINANCIAL RATIO
15
TARGET
SEP 2018 SEP 2019 FY 2019
DER (X) [Covt. < 3,5x] 1,40 1,70 1,22
Collection Period (hari) - 72 122 60
TIE (X) [Covt. > 3,0x] 3,06 2,46 3,17
ROA - 2,38 1,85 4,13
ROE - 5,82 5,73 9,24
RATIO CovenantREALIZATION
CAPITAL EXPENDITURE
16
Fix Asset 165,2 654,0 J 25,3%
Inv. Projects and Land Aqs. 990,7 1.643,0 K 60,3%
Subsidiary 312,8 865,0 J 36,2%
TOTAL 1.468,6 3.162,0 J 46,4%
CAPEXREALIZATION
SEP 2019
TARGET
FY 2019
%VS FY
TARGET 2019
IDR - Billion
PROJECT UPDATE
LIGHT RAIL TRANSIT17
LRT JABODEBEK
18
LRT ROUTE LENGTH: 82.9 KM
4. D.Atas-Palmerah-Senayan : 7,8 km
5. Cibubur-Bogor : 25,0 km
6. Palmerah-Grogol : 5,7 km
1. Cawang-Cibubur : 14,9 km
2. Cawang-Kuningan-D.Atas : 11,1 km
3. Cawang–Bekasi Timur : 18,5 km
P h a s e I
P h a s e I I
TOTAL STATION: 18
Up to 10 January 2020
LRT Progress
19
69.6%
Cawang – Cibubur Cawang – Kuningan –
Dukuh AtasCawang – Bekasi Timur
87.1% 63.6% 61.8%
LRT Progress
LRT DISBURSEMENT FLOW
20
PREPARE
CERTIFICATE
PAYMENT
OCG
CHECKED BY
BPKPIndonesia’s National
Government Internal Auditor
PT KAI
LRT OPERATOR
RECEIVED
PAYMENT
LRT PHASE I DISBURSEMENT
21
3.4 T IDRExc. tax
*Based on progress from September 2015 until September 2017
1
Total Interim Payment Received
8.9 T IDRExc. tax
PAID on March 2018
2.5 T IDRExc. tax
*Based on progress from October 2017 until June 2018
2PAID on December 2018
1.2 T IDRExc. tax
*Based on progress from July 2018 until September 2018
3PAID on May 2019
1.2 T IDRExc. tax
*Based on progress from October 2018 until March 2019
4PAID on October 2019
0.6 T IDRExc. tax
*Based on progress from April 2019 until September 2019
5PAID on December 2019
PROJECT UPDATE
TRANSIT ORIENTED DEVELOPMENT22
ACP SHARE OWNERSHIP
23
99,9%99,7%99,9%99,6% 51,0%
Spin-off on July’18
TOD PROJECTS
DEVELOPMENT
SUMMARY
24
EASTERN GREEN – Sta. Bekasi
URBAN SIGNATURE – Sta. Ciracas
ROYAL SENTUL PARK – Sta. Sentul
GATEWAY PARK – Sta. Jaticempaka
GREEN AVENUE – Sta. Jatimulya
MTH 27 – Sta. Ciliwung
THE PREMIERE MTH– Sta. Cikoko
OASE PARK – Sta. Ciputat
CISAUK POINT – Sta. Serpong
RIVIA– Sta. Sentul
GRAND CENTRAL BOGOR– Sta. Bogor
ADHI CITY– Sta. Sentul
TOD SUMMARY PROJECTS
Commercial Area Office Space Apartment ShophouseLRT Stations
+ 9 5H a
Total Development Area
M o r e T h a n
2 6 , 0 0 0
Recreation Area
Apartment units
25
EXISTING PROJECT - URBAN SIGNATURE
DEVELOPMENT SUMMARY
Location : Ciracas, JakartaTotal Area : ±6,2 hectarePartnership Scheme : 60% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 5 TowersApartment Development : ±3.668 units
26
EXISTING PROJECT - GATEWAY PARK
DEVELOPMENT SUMMARY
Location : Jaticempaka, Bekasi, West JavaTotal Area : ±5,9 hectarePartnership Scheme : 60% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 5 TowersApartment Development : ±4.230 units
27
EXISTING PROJECT – GREEN AVENUE
DEVELOPMENT SUMMARY
Location : Jatimulya, Bekasi, West JavaTotal Area : ±2,0 hectarePartnership Scheme : 60% ACP; 40% APPDevelopment Type : Apartment and Commercial Area
Potential Saleable Unit/Area : 5 TowersApartment Development : ±2.944 units
28
EXISTING PROJECT - ROYAL SENTUL PARK
DEVELOPMENT SUMMARY
Location : Sentul, Bogor, West JavaTotal Area : ±14,8 hectarePartnership Scheme : 65% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 12 TowersApartment Development : ±1.636 units
29
EXISTING PROJECT - EASTERN GREEN
DEVELOPMENT SUMMARY
Location : East Bekasi, West JavaTotal Area : ±1,4 hectarePartnership Scheme : 60% ACP : 40% APPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 5 TowersApartment Development : ±936 units
30
EXISTING PROJECT - MTH 27
DEVELOPMENT SUMMARY
Location : Cikoko, JakartaTotal Area : ±4,0 hectarePartnership Scheme : 100% ACPDevelopment Type : Apartment, Commercial, Office, Park & Ride
Potential Saleable Unit/Area : 1 Tower Apartment; 1 Tower OfficeApartment Development : ±760 units
31
EXISTING PROJECT – OASE PARK
DEVELOPMENT SUMMARY
Location : Ciputat, TanggerangTotal Area : ±5,2 hectarePartnership Scheme : 65% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 4 TowersApartment Development : ±3.353 units
32
EXISTING PROJECT – CISAUK POINT
DEVELOPMENT SUMMARY
Location : Serpong, TanggerangTotal Area : ±1,6 hectarePartnership Scheme : 65% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 6 TowersApartment Development : ±2.848 units
33
EXISTING PROJECT – THE PREMIER MTH
DEVELOPMENT SUMMARY
Location : Tebet, JakartaTotal Area : ±0,7 hectarePartnership Scheme : 70% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 2 TowersApartment Development : ±390 units
34
EXISTING PROJECT – RIVIA
DEVELOPMENT SUMMARY
Location : Sentul, Bogor, West JavaTotal Area : ±4,5 hectarePartnership Scheme : 70% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 5 TowersApartment Development : ±2.392 units
35
EXISTING PROJECT – GRAND CENTRAL BOGOR
DEVELOPMENT SUMMARY
Location : Bogor, West JavaTotal Area : ±0,5 hectarePartnership Scheme : 100% ACPDevelopment Type : Apartment, Commercial, Park & Ride
Potential Saleable Unit/Area : 1 TowersApartment Development : ±833 units
36
EXISTING PROJECT – ADHI CITY
DEVELOPMENT SUMMARY
Location : Sentul, Bogor, West JavaTotal Area : ±47,8 hectareApartment Development : ±2.079 unitsPartnership Scheme : 60% ACPDevelopment Type : Apartment, Commercial, Park & Ride
37
Visit us at www.adhi.co.idFor further information please contact:
Parwanto Noegroho, Corporate SecretaryP. +62 21 797 5312 F. +62 21 797 5311 E. [email protected]
Disclaimer:Important Notice• This document was prepared only for the party with the purpose of discussion. This document and
its contents may only be reproduced, disclosed or used with the express written consent of PT AdhiKarya (Persero) Tbk.
• This document may contain statements that projected hopes and expectations in the future, whichrepresents the Company's current circumstances with possible events in the future and financialplanning. The projections are based on assumptions and available data at the time this data iscreated, containing risks and are subject to change at any time.
• PT Adhi Karya (Persero) Tbk. or connected parties will not be liable in any way for any consequences(including but not limited to any direct, indirect, or consequential losses) arising from or relating toany reliance on or use of the content of this document.
THANK YOU