ANALYST MEETING_11 AUG-2011_final. (3.46 mb)

(1)

Corporate Presentation

AUGUST 11, 2011

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I.

1 st

_{Half 2011 Results}

II. Product ion Perf ormance

III. Progress of St rat egic Proj ect s

IV. Cost Management & Energy Securit y

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FINANCIAL SUMMARY: 1H-2011 RESULTS

EBITDA

(Rp billion)

NET INCOME

(Rp billion)

NET INCOME

(Rp billion)

EBITDA Margin

(%)

EBITDA Margin

(%)

1H-07

1H-08

1H-09

1H-10

1H-11

26. 16

31. 28

31. 45

34. 13

33. 2

NET INCOME Margin

(%)

NET INCOME Margin

(%)

1H-07

1H-08

1H-09

1H-10

1H-11

15. 79

19. 94

22. 37

24. 43

24. 60

Description

(Rpbn)

1H2010

1H2011

Change

(%)

Revenue

6, 661

7. 606

14. 2

Cost of revenue

3, 500

4, 110

17. 4

Gross profit

3, 161

3, 496

10. 6

Operating expenses

1, 111

1, 223

10. 1

Operating income

2, 050

2, 273

10. 8

Ebitda

2, 273

2, 528

11. 2

Net Income

1, 627

1, 873

15. 1

EPS (full amount)

274

316 15. 1

2,528

1H-07

1H-08

1H-09

1H-10

1H-11

1873

1H-07

1H-08

1H-09

1H-10

1H-11

SMGR Sales Volume

1H-2011

1H-2010

± (%)

Domestic

9,171,428

8,360,335

9.7 Export

60,860

69,056

(11.8)

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AGENDA

I.

1 st

Half 2011 Result s

II. Production Performance

III. Progress of St rat egic Proj ect s

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PLANTS MAINTENANCE SCHEDULES - 2011

UNIT

REALIZATION

PROGNOSES

1

2

3

4

5

6

7

8

9

10

11

12 SEMEN PADANG

• Indarung II

- 670, 000 t on

(1976)

• Indarung III

- 770, 000 t on

(1981)

• Indarung IV

- 1, 620, 000 t on

(1993)

• Indarung V

- 2, 840, 000 t on

(1998)

SEMEN GRESIK

• Tuban I

- 2, 900, 000 t on

(1994)

• Tuban II

- 3, 000, 000 t on

(1997)

• Tuban III

- 3, 100, 000 t on

(1998)

SEMEN TONASA

• Tonasa II

- 610, 000 t on

(1980)

• Tonasa III

- 610, 000 t on

(1985)

• Tonasa IV

- 2, 880, 000 t on

(1996)

Annual maint enance (realizat ion up t o 7M2011)

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PRODUCTION PERFORMANCE

Unit

Cement Product ion

Growt h (%)

• Semen Gresik

• Semen Padang

• Semen Tonasa

5, 400, 000

Unit

Prognoses Product ion

Growt h (%)

• Semen Gresik

• Semen Padang

• Semen Tonasa

9, 700, 000

Unit

Cement Product ion

• Semen Gresik

• Semen Padang

• Semen Tonasa

11, 700, 000

6, 200, 000

5, 100, 000

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DE-BOTTLENECKING PROJECTS

UNIT

2010

2011

PLANTS

INITIAL CAPACITY

FEB

APR

MAY

AUG

JAN

APR

MAY

Cement Mill – Indarung III

110 t ph - cement

130 t ph

Cement Mill – Indarung IV

120 t ph - cement

150 t ph

Kiln – Tuban I

7, 500 t pd - clinker

8, 500 t pd

9, 000 t pd

Kiln – Tuban II

7, 600 t pd - clinker

8, 200 t pd

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AGENDA

I.

1 st

Half 2011 Result s

II. Product ion Perf ormance

III. Progress of Strategic Proj ects

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PROGRESS OF TUBAN IV CEMENT PLANT

YEAR

2008

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

YEAR

2008

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

–

Real

• Design Cap

: 2.5 million tpa

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PROGRESS OF TONASA V CEMENT PLANT

YEAR

2008

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

YEAR

2008

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

–

Real

• Design Cap

: 2.5 million tpa

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PROGRESS OF POWER PLANT

YEAR

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

YEAR

2009

2010

2011

2012

QUARTER

1

2

3

4

1

2

3

4

1

2

3

4

1

2

3

4 PREPARATION

M ANAGEM ENT

ENGINEERING

PROCUREM ENT

CONSTRUCTION

COM M ISSIONING

–

Real

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DESIGN CAPACITY (Mio Ton)

2007

2008

2009

2010

2011F 2012F 2013F 2014F 2015F

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AGENDA

I.

1 st

Half 2011 Result s

II. Product ion Perf ormance

III. Progress of St rat egic Proj ect s

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COST MANAGEMENT

350000

450000

550000

650000

750000

850000

3M2009

6M2009

9M2009

FY2009

3M2010

6M2010

9M2010

FY2010

3M2011

6M2011

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ENERGY SECURITY

EQUIPMENT

2011

2013

May

4Q

New Coal Mill – Tuban *)

_{80 tph}

New Coal Mill - Indarung

50 tph

New Coal Mill - Tonasa

_{80 tph}

The const ruct ion of new Coal Mil l at Tuban wit h design

capacit y of 80 t ph, required t o meet pul verized coal at

Tuban 1, 2, 3 which designed t o consume medium – l ow

cal orie value of coal, as t he current exist ing Coal Mil l of

3x50 t ph is not adequat e t o meet cement product ion

capacit y.

In order to secure energy, the Company is converting coal calorie value from high

rank to medium – low rank coal which requires new coal mill additional facilities, as

follows:

In order to secure energy, the Company is converting coal calorie value from high

rank to medium – low rank coal which requires new coal mill additional facilities, as

follows:

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16

16 Main Office:

Main Building of Semen Gresik

Jln. Veteran Gresik 61122 –

Indonesia

Phone: (62-31) 3981731 -2, 3981745

Fax: (62-31) 3983209, 3972264

Representative Office:

Gedung The East, 18

th

_Floor,

Jln. Lingkar Mega Kuningan Kav. E3.2 No. 1,

Jakarta 12950 – Indonesia

Phone : (62-21) 5261174 – 5

Fax

: (62-21) 5261176

www.semengresik.com

THANK YOU

IMPORTANT NOTICE

THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION WITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION WHATSOEVER.

THE SLIDES USED IN THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND HAVE BEEN PREPARED AS A SUPPORT FOR ORAL DISCUSSIONS ONLY. THE INFORMATION CONTAINED IN THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON, IN WHOLE OR IN PART.

This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. Such statements involve known / unknown risks uncertainties and other factors, which could cause actual results to differ materially from historical results or those anticipated. Such factors include, among others:

● economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia;

● the effects of competition;

● the effects of changes in laws, regulations, taxation or accounting standards or practices;

● acquisitions, divestitures and various business opportunities that we may pursue;

● changes or volatility in inflation, interest rates and foreign exchange rates;

● accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets;

● labor unrest or other similar situations; and

● the outcome of pending or threatened litigation.

We can give no assurance that our expectations will be attained.

DISCLAIMER

The information contained in this report has been taken from sources which we deem reliable. However, none of PT Semen Gresik (Persero) Tbk and/or its affiliated companies and/or their respective employees and/or agents make any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof.