MANAGEMENT PRESENTATION
PT Adhi Karya (Persero) Tbk.
Jakarta
PN Adhi Karya
nationalized
from Dutch
Company
Associate N.V
.
PN Adhi Karya
changed to
PT Adhi Karya
(Persero)
MILESTONE
2012
2014
2013
1960
1974
PT Adhi Karya
(Persero)
July 2011
TRANSFORMATION OF ADHI:
• Changing Vision & Mission• RJPP 2012-2016, 5 Lines of Business[CONSTRUCTION, EPC, PROPERTY, REALTY, INVESTMENT INFRASTRUCTURE]
• Organization Restructure
• Establishment of ADHI Learning Center • Corporate Value: • Work Smart • Responsible Honesty • Modest Corporate Culture
Subsidiaries Establishment
Subsidiaries Establishment
Transportasi Massal BUMN)MoU (Consortium Grandhika Blok M Hotel Precast Factory2004
Go Public
18
March 2004
ADHI, first SOE
Construction to
be listed in IDX
2015
Acquire the approval for
Government additional equity
LINE OF BUSINESS
CONSTRUCTION
Building
Airport
Seaport
Road & Bridges
Watery Works
Railway
CONSTRUCTION
Building
Airport
Seaport
Road & Bridges
Watery Works
Railway
EPC
Power Plant
Industry
Oil & Gas
EPC
Power Plant
Industry
Oil & Gas
PROPERTY &
REALTY
Apartment
Offices
Condotel
PROPERTY &
REALTY
Apartment
Offices
Condotel
HOTEL
Grandhika Hotel
HOTEL
Grandhika Hotel
INVESTMENT
Precast Concrete
Transportation
IPP
INVESTMENT
Precast Concrete
Transportation
IPP
PT APG Construction Division 1 -7PMU Power 1, Oil&Gas PT APP Hotel Division PT APB
LRT Division PMU Power 2, IPP
PMU RFCC
Divison Property TOD
Operational Performance
5,648 6,940 10,580 10,380 8,745 8,132 11,927 9,604 10,854 9,218 41.18% 35.49% 37.79% 46.15% 48.18% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% ‐ 5,000 10,000 15,000 20,000 25,000 2010 2011 2012 2013 2014Carry Over New Contract Sales per Order Book Ratio
ORDER BOOK
TENDER RATE
46,782 47,921 45,841 32,634 33,391 8,132 11,927 9,604 10,854 9,218 17% 25% 21% 33% 28% 0% 5% 10% 15% 20% 25% 30% 35% ‐ 10,000 20,000 30,000 40,000 50,000 60,000 2010 2011 2012 2013 2014Tender Bid (IDR) Tender Won (IDR) Competitive Rate (%)
Total Tender yang diikuti
: 38.255 M
Hit Rate
: 28.0%
Tender Sudah Kontrak
: 7.863 M
Penetapan Pemenang
: 1.524 M
Tender Terendah
: 1.290 M
Jumlah
: 10.678 M
Gedung 60% Jalan & Jembatan 28% Dermaga 3% Infrastruktur Lainnya 9%JENIS PEKERJAAN
Realisasi s.d. Agustus 2015
APBN 25% APBD 19% BUMN 13% Swasta/Lainnya 43%SUMBER DANA
Financial Summary
Revenue
Revenue
Gross Profit and Gross Profit Margin
Gross Profit and Gross Profit Margin
Net Income and Net Profit Margin
Net Income and Net Profit Margin
EBITDA and EBITDA Margin
EBITDA and EBITDA Margin
In billion IDR In billion IDR In billion IDR 5,675 6,695 7,628 9,799 8,653 3,212 ‐ 2,000 4,000 6,000 8,000 10,000 12,000 2010 2011 2012 2013 2014 Jun‐15 710 734 955 1,193 998 325 12.52% 10.97% 12.53% 12.18% 11.54% 10.12% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% ‐ 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2010 2011 2012 2013 2014 Jun‐15 563 562 798 931 678 190 9.92% 8.39% 10.46% 9.50% 7.83% 5.92% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 0 200 400 600 800 1000 1200 1400 2010 2011 2012 2013 2014 Jun‐15 189 182 212 406 329 70 3.33% 2.72% 2.78% 4.14% 3.80% 2.19% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 0 100 200 300 400 500 600 2010 2011 2012 2013 2014 Jun‐15 In billion IDR
TOTAL ASSETS, LIABILITY & EQUITY
4,060
5,123
6,795
8,261
8,818
9,994
868
990
1,077
1,460
1,641
1,615
‐
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2010
2011
2012
2013
2014
Jun‐15
Total Liability
Total Equity
Total
Assets
4,928
Total
Assets
6,113
Total
Assets
7,872
Total
Assets
9,721
Total
Assets
10,459
Total
Assets
11,609
Indicative Offering Structure – Rights Issue
Key indicative terms
Issuer
PT Adhi Karya (Persero) Tbk. (“ADHI”)
Entitlement ratio
Renounceable 100,920 rights shares for every 100,000 existing share
Rights price range
IDR1,510 – IDR2,400 per share
Rights offer size
Up to IDR2.745 trn (c,US$225 m)
•
Republic of Indonesia portion
: IDR1.400 trillion
•
Public portion
: IDR1.345 trillion
Number of rights
shares to be issued
1,143,757,141 to 1,817,892,144 shares or 38.8% ‐ 50.2% of enlarged capital
Use of proceeds
Railway based mass transportation project (LRT) including its stations and property projects
Offering Format
OJK Registered format with :
•Republic of Indonesia undertaking to fully subscribe for its pro rate stake of 51.0% ownership
•Joint Lead Managers to act as standby purchasers for unsubscribed rights
Undertaking
shareholder
Republic of Indonesia (51.0% of the rights shares)
Joint Lead Managers &
Standby Purchasers
PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas
(for the remaining 49.0% rights shares)
Indicative Timetable
Rights Issue
Pricing date
14 September 2015
ADHI’s EGMS date
22 September 2015
Recording date
05 October 2015
Listing date
07 October 2015
Allocation date
19 October 2015
Settlement of excess
rights (rump) shares
26 October 2015
Cum date (Regular &
Negotiation Market)
30 September 2015
THE INNER CITY
TRANSPORTATION
L I G H T R A I L T R A N S I T I N D O N E S I A
Landasan
Hukum
Peraturan
Presiden
Nomor
98
tanggal
2
September
2015
TENTANG :
PERCEPATAN PENYELENGGARAAN KERETA API RINGAN/
LIGHT RAIL TRANSIT
TERINTEGRASI DI WILAYAH
JAKARTA, BOGOR, DEPOK, DAN BEKASI
Pemerintah menugaskan ADHI untuk membangun PRASARANA Kereta Api Ringan/ LRT terintegrasi untuk lintas
pelayanan :
•
Cawang – Cibubur
•
Cawang – Kuningan – Dukuh Atas
•
Cawang – Bekasi Timur
•
Dukuh Atas – Palmerah – Senayan
•
Cibubur – Bogor
•
Palmerah – Grogol
•
Lintas Pelayanan lainnya yang ditetapkan dengan Peraturan Menteri Perhubungan
Scope Pekerjaan PRASARANA meliputi :
•
Jalur, termasuk konstruksi layang
•
Stasiun
KABUPATEN BEKASI
KOTA BOGOR
KOTA DEPOK
KABUPATEN TANGERANG
KOTA TANGERANG
KOTA
TANGERANG
SELATAN
KABUPATEN BOGOR
PROVINSI DKI JAKARTA
KOTA BEKASI
Sta. Baranangsiang
Sta. Sentul City Sta. Sentul Sirkuit
Sta. Cibinong Sta. Ciracas Sta. Kp. Rambutan Sta. Taman Mini
Sta. Cibubur
Peta
Lintas
Pelayanan
LRT
KAPASITAS DAN WAKTU TEMPUH LIGHT RAIL TRANSIT (LRT)
Cibubur-Cawang
Cawang-Dukuh Atas
Cawang-Bekasi Timur
Dukuh
Atas-
Palmerah-Senayan
Cibubur-Bogor
Palmerah-Bogor
Panjang (km)
13.7
10.5
17.9
5.5
30.5
5.5
PPHPD (
Passenger
per Hour per
Direction
)
12,000
24,000
12,000
24,000
24,000
24,000
Waktu Tempuh
(menit)
21
18
27
12
37
12
Jumlah Stasiun
5
7
5
3
4
5
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
.
adhi@adhi.co.id
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.
