Q1 2011 RESULTS
Investor Relations
PT Krakatau Steel (Persero) Tbk. Phone : (+62 21) 5253552
Gedung Krakatau Steel, lantai 9 Fax : (+62 21) 5200661
Jl. Jend. Gatot Subroto Kav. 54 Email : ir@krakatausteel.com Jakarta Selatan 12950
DISCLAIMER
Q1 2011 RESULTS
MARKETING RESULTS
Through the first three months of 2011, steel demand in general has remained high, with pricing of intermediate and finished steel products increasing by between 9 and 17% year-on-year.
The steel price increases in Q1 2011 have been triggered by increases in raw material costs, initially in the US market and followed by Europe and Asia. Higher steel pricing in Q1 2011 has been generally accepted by Indonesian market.
In Q1 2011, the sales volume of steel products, consisting of HRC, CRC, Billet, Wire Rod, Bar, Section and Pipe, reached 508,968 tons with the sales volume percentage shown in the chart above. In total, sales volume was 13.5% lower than Q1 2010, largely due to the on-going revitalization work in the hot strip mill (HSM) restricting production below the target of 200,000 tons per month. Through the end of Q1 2011, the new HSM equipment is still in commercial performance testing. The resulting low utilization has also impacted the downstream production of the cold rolling mill (CRM) and Pipe mill.
OPERATIONAL RESULTS
Production of HRC in Q1 2011 reached 477,794 ton, or 13.2% higher than in Q1 2010. Utilization, however, dropped from 84% in Q1 2010 to 80% in Q1 2011 due to the expansion in capacity of HSM from 2 million in 2010 to 2.4 million ton/year in 2011 following the revitalization project. The decline in slab and sponge iron production was primarily caused by insufficient supplies of
Q1 2011 RESULTS
nominal Rp.500 persaham pada 31/3/2011 dan 2010 Par valuel Rp.500 pershare in 31/3/2011 and 2010 nominal Rp.1.000.000 persaham 31 Maret 2010 par value Rp.1.000.000 pershare in 31 Maret 2010
Modal dasar Authorized capital
40.000.000.000 saham pada tahun 2011 dan 2010 40.000.000.000 shares in 31/3/2011 and 31/12/2010
8.000.000.000 saham pada 31 Maret 2010 8.000.000.000 shares in 31 Maret 2010
Modal ditempatkan dan disetor penuh 7,888 7,888 Issued and fully paid 15.775.000.000 saham pada tahun 2011 dan 2010 15.775.000.000 shares in 31/3/2011 dan 31/12/2010
2.000.000 saham pada 31 Maret 2010 2.000.000 shares in 31 Maret 2010
Tambahan modal disetor 1,016 1,016 Additional paid-in capital, net
Q1 2011 RESULTS
INCOME STATEMENT (in billion rupiah)
3/31/2011 3/31/2010
LAPORAN LABA RUGI Unaudit Unaudit PROFIT & LOSS STATEMENT
Pendapatan bersih 4,236 4,412 Net Revenues Beban pokok pendapatan 3,814 3,525 Cost of Revenues
Laba (rugi) kotor 422 887 Gross Profit
Beban Usaha Operating Expenses
Distribusi dan Penjualan 68 77 Distribution and sales Administrasi 202 262 Administration
Laba (rugi) operasi 153 548 Income from Operations
Penghasilan (beban) lain-lain Other Income
Laba (rugi) selisih kurs 42 80 Gain on foreign exchange Beban bunga (70) (57) Interest Expense Penjualan limbah produksi - Sales of waste products Pendapatan bunga 32 9 Interest income Laba pengalihan aset tetap Gain on transfer of fixed asset Lain-lain bersih 41 24 Miscelaneous, net
Laba sebelum beban (manfaat) pajak 199 604 Income Before Tax
Beban (manfaat) pajak - bersih 59 152 Tax Expense (Benefit)
Laba (rugi) sebelum hak minoritas atas laba bersih AP
140
452 Income Before Minority Interest of Subsidiaries
Hak minoritas atas laba bersih anak perusahaan 2 16 Minority Interest in net (income) loss of Subssidiaries
Pos Luar Biasa setelah pajak
Laba (rugi) bersih 142 468 Net Income
EPS 9 30 EPS
