1

Company Update

PT WASKITA BETON PRECAST Tbk

1Q – 2018

2

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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