I N V E S T O R M E M O
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P T P E L A B U H A N I N D O N E S I A I I I ( P E R S E R O )
T h i r d
Q u a r t e r o f
Pelindo III
GLOBAL BOND 1st Issuance
Date : October 1st 2014 Amount : USD 500 Million Tenor : 10 Years
Coupon : 4.5%
2nd Issuance
Date : May 2nd 2018 Amount : USD 500 Million Tenor : 5 Years
Coupon : 4.5%
CORPORATE & BOND RATINGS Moody's : Baa3
Stable Outlook Fitch : BBB-
Stable Outlook S&P : BBB-
Stable Outlook INVESTOR RELATIONS &
CORPORATE GOVERNANCE Pelindo III - Indonesia Ph : +62313298631-37 Fax : +62313295204 Email :
[email protected] www.pelindo.co.id
Shareholder Structure 100% owned by Government of Republic Indonesia
@Pelindo3
Pelindo III Pelindo 3
@Pelindo3
In the 3rd quarter of 2019, PT Pelabuhan Indonesia III (Persero) recorded an encouraging operational performance.
Ship visits were recorded increase of 21% from 2018, with total 57.151 units from the previous year which was only recorded at 47,178 units. In Gross Tonage, the number of ship visits was 224,134,856 GT or increased by 15% from the previous year of 195,520,410 GT. This increase is a result of Pelindo III's Towage and Pilotting services in Sungai Danau Satui and Bunati, Batulicin Port, which has an impact on increasing the flow of ships with large GT sizes.
The flow of goods in the 3rd quarter of 2018 was recorded at 53.815.742 tons. and increased by 4% in this year to 55.755.073 tons. That increase was due to an import activity of raw sugar and fertilizer in Terminal Jamrud, loading and unloading of fertilizers owned by Rolimex and Agrotaradisi as well as unloading wheat for PT Ampel Jaya and our new customer, PT JNP Logistic in Terminal Manyar. In addition, this increase was also caused by Bulog's loading and unloading activities at the Teluk Lamong Terminal which is currently the main terminal.
In line with the flow of goods, container flows in the third quarter of 2019 increased by 2% compared to last year. In 2018 container flows were 3,886,064 TEUs while in 2019 was recorded at 3,997,390 TEUs.
Passenger flows until the third quarter of 2019 were recorded at 2,710,195 people or an increase of 15% from 2,358,253 last year. due to the price of ship tickets that are more competitive compared to domestic plane ticket prices.
and "Mudik Gratis" program organized by Pelindo III in several ports including: Tanjung Perak, Tanjung Emas, Banjarmasin, Kumai, Sampit and Batulicin ports.
Operational Performance
Ship Traffic (GT) Goods (Ton) Container (TEUs)
3Q2018 3Q2019 3Q2018 3Q2019 3Q2018 3Q2019
L.In the 3rd quarter of 2019 PT Pelabuhan Indonesia III (Persero) managed to record revenues in the amount of Rp.7.26 trillion. From its revenue, containers service is the largest contributor with the total revenue of Rp.4.22 Trillion, followed by the Ship Service in the second place with a total revenue of Rp. 813 billion, while non containers of goods service in the third place with the total revenue of Rp. 772 Billion. As a Whole of Revenue, the three revenues were successfully contributed 79% of the total income received by PT Pelabuhan Indonesia III in the 3rd of 2019.
While for operating expenses, it decreased by 2% compared to the same period in 2018. In the third quarter of 2019 it was recorded at Rp. 4.76 Trillion, 72% of the total operating expenses came from the third party resources expense amounting to Rp. 1.39 trillion, employee benefit expense of Rp. 1.22 Trillion and depreciation and amortization expenses of Rp. 933 billion.
Very significant increase was seen in the company's net profit where in the third quarter of 2019 it was recorded at Rp. 1.73 trillion or an increase of 146% when compared to the third quarter of 2018 where Pelindo III only recorded a net profit of Rp. 702.2 billion. The strengthening of the rupiah against the United States dollar is one of the causes of the significant increase in net profit. With this increase also impacted on the increase in EBITDA, recorded in the 3rd quarter of 2019 Pelindo III EBITDA rerorded at Rp. 3.33 Trillion.
Financial
Performance
Capital
Expenditure
.On the investment side, Pelindo III recorded a quite high increase compared to the same period in the previous year. in the third quarter of 2019 the total investment was IDR 2.36 trillion, up 8% if compared to 2018 which was IDR 2,179 Trillion. The biggest portion of the absorption of investment in the third quarter of 2019 was roads and buildings amounting to Rp. 712.55 billion or 30% of the total investment absorption then followed by the port facility building of Rp. 754.84 billion or 31% of the total investment absorption in the third quarter of 2019. As for the investment program realized 38 programs or 93% of the 41 programs that have been announced in 2019.
The Following is Highlight of Several Pelindo III Investment Programs in 2019
Recent Updates
Since the position or Finance Director is vacant because Mr. Iman Rachman appointed as a President Director of PT Aset Management since July, 22nd 2019, Therefore, we are happy to inform that Mr. Irvandi Gustari has appointed to be a Finance Director of PT Pelabuhan Indonesia III (Persero) by the Ministry of SOE’s as of October 16, 2019. Previously, he served Bank Riau Kepri as a President Director. Additionally, we are informing that the position of Head of Investor Relations which was previously occupied by Mr. Rudi Herdiyantoro has been filled by Mr. Arif Prananda and his email address is [email protected]
Disclaimer
This document containts certain financial information and result of operation, and may also contain certain projections, plans, strategies, and objectives of Pelindo III, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and Pelindo III future results to be materially different than expected or indicated by such statements. No Assurance can be given that the results anticipated by Pelindo III, or indicated by any such forward looking statements will be achieved.
The financial information provided herein is based on Pelindo III consolidated financial statements in accordance with Indonesian Financial Accounting Standards.
