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PT Fajar Surya Wisesa Tbk.Paparan Public / Public Expose 2019
29 November 2019
.
Memiliki kapasitasproduksi 1,3 juta ton
per tahun
1,3 million tonnesproduction capacity
Lebih dari 20 negaratujuan ekspor
Export sales to more than 20 countries
Beroperasi lebih dari30 tahun
More than 30 years in the Paper Industry
Menggunakan 100% kertas daur ulang
100% used of recycled waste paper
Green Company bersertifikat FSC, dan
terdaftar di CDM dan JCM
Green Company with FSC certification and CDM, JCM
registered
2
Sekilas Perusahaan Company Overview
Confidential 3
Sekilas Perusahaan Company Overview
Akuisisi pabrik kertas di Jawa Timur
• Melalui PT Dayasa Aria Prima, anak
perusahaan dari FASW
• Proses akuisisi telah rampung di tahun ini
• Dalam proses refurbishment, target kapasitas
produksi awal, 300 ribu ton/tahun
• Target pasar Jawa Timur dan ekspor
Akuisisi kepemilikan saham oleh SCGP Solutions
• Efektif per 28 Juni 2019
• SCGP Solutions bagian dari SCG Packaging
Public Company Limited, Thailand
• SCGP Solutions memiliki sekitar 55% FASW
Acquisition of paper mill in East Java
• Acquisition through Dayasa Aria Prima, a
subsidiary of FASW
• Acquisition process has been completed
• In refurbishment process, initial production
capacity is expected to be 300k ton/year
• Target market, East Java and exports
Acquisition of share ownership by SCGP Solutions
• Effective per 28 June 2019
• SCGP Solutions is part of SCG Packaging
Public Company Limited, Thailand
• SCGP Solutions owns around 55% of FASW
4
Cikarang BaratJakarta
JAWA BARAT
(West Java)
JAWA TIMUR
(East Java)
Lokasi PabrikJawa Barat /
West Java mill Location
Lokasi PabrikJawa Timur /
East Java mill Location
Driyorejo
Surabaya
Lokasi yang Strategis Strategic Location
Sejarah Perusahaan
Sert
ifik
at
/ C
ert
ific
ati
on
Seja
rah
Peru
sahaan /
C
orp
ora
te M
ilest
one
1988 1989 1990 1994 2001 2006 2010 2011 2012 2013 201720161996
1990 PM1
2011 Incinerator 2
2006 PM7
Cogen 2
1996 PM3
Cogen 1
Waste Water
Treatment
1989 PM2
2010 PM5
2012 PM7 upgrade
PM2 upgrade
2017 PM8
Cogen 3
2010 ISO14001
Environmental
Management
2012 FSC Certification
Clean development
mechanism (CDM)
2013 Ecolabelling
Certification
2016 WCO Authorized
Economic Operator
2011 OHSAS 18001
Employee health
and Safety
CDBCMP & KLB
--
58,000
50,000
58,000
150,000
300,000150,000
500,000
150,000
750,000
150,000
850,000150,000
1,150,000
1988
Didirikan /
Incorporated
1994
IPO in IDX
2003
Note : CDB (Coated Duplex Board), CMP (Corrugated Medium Paper), KLB (Kraft Liner Board), Cogen (Power Plant), Incinerator
2019
(ton per tahun /Year)
2018
2018 Acquisition East
Java Paper mill
1.3juta /
million
Key Milestone
2019 55% kepemilikan di
akuisisi / ownership
was acquired by
SCGP Solutions
(Singapore) Pte. LTD
Kapasitas /Capacity
2003 ISO9001:2000
Quality Management
1996 ISO9001:1994
Quality Management
2001 Incinerator 1
2017 Joint Credit
Mechanism (JCM)
5
Model Bisnis FajarPaper
Kertas Daur UlangRecycle Waste Paper
Produksi KertasPaper Manufacturing
Barang KonsumsiConsumer Good Boxes
Kertas Bekas Daur UlangRecycle Waste Paper
Kertas KemasanProducts
Sustainable Business Model
6
Proses Produksi
1. Collection
2. Re pulping3. Screening & cleaning
4. Headbox
5. Press & dryer section
6. Pope Reel 7. QC check
8. Rewinder
Waste papers are collected
mostly by scavengers, and sold to
collection agents
Collection agents then will sell
and transport the pooled waste
papers to Fajar Paper
Waste papers are dumped in pulper
using conveyors, to be dissolved
with water and become paper pulp
All the contaminants, such as plastics,
wires, sands, etc. in the paper pulp are
removed based on the size (Screening)
and based on the density (Cleaning)
The formation of paper sheet from
paper pulp starts here, where the
paper pulp distribution and moisture
reduction are controlled to get a
good formation of paper sheet
The water content of the newly-formed paper
sheet is further reduced in these sections
Press section is where paper sheet is pressed in
between two rolling rolls before going to dryer
section
Dryer section is where paper sheet is dried using
steam-heated rolls
The perfectly formed paper sheet is
winded in the pope reel and becomes
one jumbo roll
Various sections of the jumbo roll
are checked by QC to determine the
paper quality of that jumbo roll
The jumbo is re-winded
where the cores are inserted
in the middle of the new
jumbo roll, and then cut into
smaller rolls
Production Process
7
Sertifikasi
IS0 14001Environmental Management
Berlaku sampai /
Valid thru
2020
IS0 18001Employee health and safety
Berlaku sampai /
Valid thru
2020
Forest Stewardship CouncilBerlaku sampai /
Berlaku sampai /
Valid thru
2022
IS0 9001Management Quality System
Belaku sampai /
Valid thru
2022
IS0 45001Occupational Health and
Safety Management SystemBerlaku sampai /
Valid thru
2020
Clean Development MechanismCarbon Credit
Berlaku / Valid
2012 - 2022
Ekolabel / EcolabelingRecyclable and Eco-friendly
Berlaku sampai / Valid thru
2020
Joint Credit MechanismGreenhouse Gas (GHG)
emission reductionsBerlaku sampai /
Valid thru 2021
Authorized Economic OperatorMinistry of Finance Indonesia
Berlaku sampai /
Valid thru
2021
Certifications
8
9
Perbandingan Pertumbuhan PDB Regional /GDP Growth Rates Comparison
5,3% 5,8%
5,4%
4,6%
3,1%
Indonesia Vietnam Philippines Malaysia Thailand
(2017-21 CAGR)
Data Demografi – Indonesia /Indonesia - Demographic Data
31% 30% 29% 28% 26% 25% 23% 22% 21% 21% 20%
65% 65% 66% 67% 68% 68% 68% 68% 68% 67% 66%
5% 5% 5% 5% 6% 7% 8% 10% 11% 12% 14%
2000 2005 2010 2015 2020F 2025F 2030F 2035F 2040F 2045F 2050F
Age 0 - 14 Age 15 - 64 Age 65+
212 227 243 258 272 285 296 305 312 318 322
Total population (million)
Konsumsi Pribadi – Indonesia /Indonesia - Personal Consumption
4.512 4.750 4.980 5.231 5.492 5.761 6.067 6.352 6.669
2013 2014 2015 2016 2017F 2018F 2019F 2020F 2021F
(IDR trn)
Konsumsi Kertas per negara / Paperboard consumption by country
12
19
33
47
49
49
56
88
111
124
Philippines
Indonesia
Vietnam
Singapore
China
Thailand
UK
Japan
Germany
US(kg / Capita)
Data Ekonomi Economic Data
Dari berbagai sumber /
From various sources
10
Laporan Rugi Laba Income Statement
(Dalam Milyar Rupiah) 2017A 2018A 9M2018 9M2019 (in IDR Billion)
Penjualan Bersih 7,337 9,938 7,451 6,367 Net Sales
(–) Beban Pokok Penjualan -5,924 -6,920 -5,208 -4,792 (–) Cost of Goods Sold
Laba Kotor 1,413 3,019 2,243 1,575 Gross Profit
(–) Beban Operasional -255 -464 -353 -328 (–) Operational Expenses
Laba Operasional 1,158 2,555 1,890 1,248 Operating Income
(–) Beban Keuangan -293 -319 -257 -240 (–) Interest & Finance Costs
(–) Lain – Lain -40 -247 -365 87 (–) Others
Laba sebelum pajak 825 1,988 1,268 1,095 Profit before Tax
(-) beban pajak -229 -583 -401 -289 (-) Tax Expense
Laba bersih 596 1,405 868 806 Net Profit
Margin Laba Bersih 8% 14% 12% 13% Net Profit Margin
11
Laporan Posisi Keuangan Balance Sheet
(Dalam Milyar Rupiah) 2017A 2018A 9M2018 9M2019 (in IDR Billion)
Aset tidak lancar bersih 6,586 7,435 6,637 7,956 Total Noncurrent Assets
Kas dan bank 288 355 304 114 Cash and Bank
Piutang usaha 1,344 1,872 1,766 1,602 Account Receivable
Aset lain-lain 1,152 1,303 1,595 1,318 Others - Asset
Total Aset 9,370 10,965 10,303 10,990 Total Assets
Utang usaha 1,081 1,188 1,048 1,027 Account Payable
Utang bank 1,030 878 1,172 1,399 Bank Loans
Utang jangka panjang yang jatuh
tempo dalam satu tahun1,318 351 351 442
Current Maturities of
Long-Term Loans
Utang jangka panjang 1,802 2,889 2,459 2,506 Long Term Loans
Liabilitas pajak tangguhan 301 478 459 505 Differed Tax Liabilities
Utang/Liabilitas lain-lain 550 893 831 605 Others - Loans and Liabilities
Total Liabilitas 6,082 6,677 6,320 6,484 Total Liabilities
Total Ekuitas 3,288 4,288 3,982 4,505 Total Equity
Total Liabilitas dan Ekuitas 9,370 10,965 10,303 10,990 Total Liabilities and Equity
12
Thank You Terima Kasih(Thank You)
Q & A