Company Presentation INVEST ASEAN Singapore, 1-2 April 2014

Transcription

1 Company Presentation INVEST ASEAN 2014 Singapore, 1-2 April 2014

2 Disclaimer The views expressed here contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by PT ACSET Indonusa Tbk ( ACSET ). Nothing in this release should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell shares in the jurisdiction.

3 Agenda Page 1 1 Company Profile 2 Business Profile and Operations 3 Selected Notable Projects 4 Financial Highlights 5 Business Strategy & Update

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5 Page 3 Background Leading Integrated Construction Company PT Acset Indonusa Tbk. ( ACSET ) is an integrated construction company, which technical and construction services in building, civil engineering, foundation and ground engineering specialist works. ACSET, being a diverse specialist/general construction firm; is one of the few construction groups in Indonesia with the capability to provide services that spans across the entire value chain for general and infrastructure construction projects. Our niche is in our capability to integrate the specialist works and general construction works effectively to produce the most efficient and cost effective construction; and the differentiate us from others

6 Page 4 Milestones For the Past 18 Years, ACSET has Strived to Become the Pioneer in Providing Integrated Construction Solution to Its Clients Pacific Place Project Notable Project completed within 18 months Gandaria City GFA: 600,000 m 2 OHSAS and ISO Certified The Pakubuwono Signature 51 floors luxury apartement Topping-up May ACSET Starting building construction project in Surabaya ISO 9001 Certified Kota Kasablanka GFA: 633,000 m 2 Setiabudi Skygarden Public Listed in IDX Detail Design, Foundation, On June 24, 2013 Structure, Arch. & Finishing, Mechanical &Electrical, Plumbing

7 Project Footprints Page 4

8 Page 5 Ongoing Main Projects Foundation Construction World Capital Tower Jakarta Thamrin Nine Jakarta Mangkuluhur City Jakarta SCBD Lot 10 Jakarta Gayanti Jakarta Setiabudi Sky Garden Ongoing Projects The Pakubowono Signature House Town House Hotel Harris Jakarta District 8 5 Towers GFA : 506,414m2 Senopati SCBD T Tower Jakarta TCC Batavia Tower 2 Satrio Office Tower Jakarta Centennial Tower Jakarta Jakarta The Tower Jakarta Taman Anggrek Residence Alila Seminyak TS Suites & Retail in Bali Nobel Factory In Cikarang

9 Page 6 Management Team Board of Commissioners Robert Mulyono, President Commissioner Board of Directors ACSET is Managed by Dedicated Professional Team Andi Anzhar Cakra Wijaya, Commissioner Audit Committee Audit Internal Board of Commissioners President Director (CEO) Managing Director (COO) Corporate Secretary Tan Tiam Seng Ronnie, President Director (CEO) Hilarius Arwandhi, Managing Director (COO) Finance Director Operational Director Agustinus Hambadi, Finance Director Djatikesumo Subagio, Operational Director Accounting & Finance Purchasing Marketing Information & Technology Foundation Special & Foreign Operations Human Capital Building & Civil HSE QA / QC

10 Current Group Structure Tan Tiam Seng Ronnie 100% Cross Plus Project Hilarius Arwandhi Lie Fuena 5% 95% 88.64% 11.36% Cross Plus Indonesia Loka Cipta Kreasi PUBLIC 38.45% 0.80% 29.75% 31% 100% 84% 78% 37% Acset Indonusa Co., Ltd. (Vietnam) Business Line : Foundation & General Construction Innotech Systems Business Line : Formwork and Bekisting System Sacindo Machinery Business Line : Sales & Rental of Heavy Equipments Bintai Kindenko Engineering Indonesia Business Line : Mechanical, Electrical & Plumbing Page 7

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12 Page 9 Area of Services ACSET s Expertise CONSTRUCTION BUSINESS General Building Works Bored Piling (BP) Geotechnical Works Construction Equipment Sales and Rental (Tower Crane/ Concrete Pump/ Crane Civil Engineering Works Diaphragm Wall (DW) Marine Works Mechanical, Electrical Plumbing & Driven Pilling Slip Forming/ Formwork System Waterproofing Pre-Stressing/ Post- Tensioning

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22 Page 19 Project Portfolio Selected Construction Projects Jakarta 1. Pacific Place 2. Gandaria City 3. Equity Tower 4. Residence 5. The Pakubuwono Signature, The Pakubuwono House & Town House 6. Kota Kasablanka 7. New British Embassy 8. Menara Satrio Office Tower 9. Setiabudi Sky Garden 10. District 8 Senopati 11.Centennial Tower 12.Hotel Harris Hayam Wuruk Surabaya 1. Supermall Pakuwon Indah & PTC Surabaya 2. BG Junction 3. Plaza Tunjungan IV 4. Imperial Family Club Other Areas 1. TS Suites Hotel Mall (Bali) 2. Alila Hotel, Seminyak (Bali) 3. Sun Plaza (Medan) 4. The Estella High-Rise Residential Development (Vietnam) 5. Tanjung Jati B Power Plant Expansion Project

23 Page 20 Project Portfolio (cont.) Jakarta 1. Ciputra World 2. Pacific Place 3. Tanjung Priok Access Road E2A 4. BII Plaza 5. Bank Indonesia Building D 6. Menara Sahid 7. Graha Niaga II, Jakarta 8. Plaza Asia & Sudirman Mansion 9. Pasar Tanah Abang Blok A & B 10. Smesco Promotion & Convention Center 11. The St. Regis 12. Menara Satrio Office Tower 13. Plaza Sudirman 14. Gandaria City Office Park 16. The Pakubuwono Signature, House & Town House 17. District 8 Office Tower 18. Bahana Office Tower 19. T- Tower Jakarta 20. ST Regis, Jakarta 21. The Tower Jakarta 22. SCBD Lot 10 Jakarta 23. Mangkulur Jakarta 24. TCC Batavia Tower 2 Jakarta 25. Gayanti City Jakarta 26. Taman Anggrek Residence Selected Foundation Projects Surabaya 1. Wisma Dharmala 2. Surabaya Madura Approach Bridge Other Areas 1. Coal Fired Power Plant in Rembang (Central Java) 2. Tanjung Jati B Coal Power Plant 3. Estella Residential Development (Vietnam) 4. Sun Plaza (Medan) 5. Plaza Ambarukmo (Yogyakarta) 6. Margo City (Depok) 7. Medan Focal Point (Medan) 8. Semen Andalas (Aceh)

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25 Pacific Place Jakarta Page 31

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27 Gandaria City, Jakarta Page 32

28 New British Embassy, Jakarta & Setiabudi Sky Garden Page 33

29 Kota Kasablanka & Pakubuwono Page 34

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33 We Are The Only Indonesian Integrated Construction Company Page 30

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35 Balance Sheet Asset (Bio IDR) Solid Balance Sheet Liabilities (Bio IDR) Equity (Bio IDR) Working Capital position increased reflecting revenue growth and billing milestone Page 32

36 Page 33 Profit & Loss Construction Foundation Revenue Revenue Breakdown Des F INCREASING CONTRIBUTION FROM FOUNDATION DIVISION Foundation 37% IDR 371 bio Construction Foundation Construction 63% IDR 643bio Remains focus in its core competence

37 Page 34 Profit & Loss EXCEEDING IPO PROJECTION IN FY13 AND MAINTAINING EXPECTATION FOR FY14 Net Income Target revenue for 2014 IDR trillion Net Income for 2014 IDR 121 bio F

38 Page 35 New Contract 2013 STRONG ORDER BOOKS DESPITE COMPANY S SELECTIVE AND PRUDENCE POLICY New Contracts Carried Over Already Recognized Previous Years Foundation Project are SCBD Lot 10, Thamrine Nine, The T-Tower, Mangkuluhur City and World Capital Tower Jakarta with Contract Value amounting IDR460 billion Construction Projects are District 8 Senopati (J.O. with Daewoo E&C), Nobel Factory Cikarang, Centenial Tower, Satrio Square with Contract value amounting IDR1,16 trillion Remains Confident for FY14

39 Improving Margins Due To Operating Efficiencies, Better Financial Position Post IPO and Better Revenue Mix Page 36 Gross Margin (%) Operation Margin (%) EBITDA Margin (%) Net Margin (%)

40 Improving Margins Due To Operating Efficiencies, Better Financial Position Post IPO and Better Revenue Mix Page 37 Interest Bearing Debt/ Equity (x) Current Asset/ Current Liabilities (x) ROA (%) ROE (%)

41 Page 38 Key Investment Highlights Experienced & dedicated management team Total construction solution provider Proven track record for more than 18 years Leading BP and DW specialist contractor Strong brand Recognition Leading premium local building contractor Wide resource networks Wide client base

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43 Page 40 Strong Foundation Has Been Established Our competitive advantage differentiate us from our competitors The only company in Indonesia capable of undertaking from deepest foundation & basement to high rise buildings (Integrated) Over 18 Years of Experience One of the Leading Building, Foundation and Diaphragm Wall Specialist Contractor Brand Recognition in prestigious and high-end projects with wide clients- based Experienced & Dedicated Management Team Capability in Handling a wide spectrum of projects

44 Page 41 Main Strategy Sustainable Expansion Establish Premium Brand Awareness PREMIUM PROJECT Focus on premium building projects and infrastructure Invest in construction equipment & machinery to support the growth, expansion and profitability in our core business Invest in latest technology, Human capital, continuous training and work improvement Selective Market Segment Expanding our supporting business : - Rental of construction equipment & machineries - Formwork supply & sub contracting business - Mechanical, electrical & plumbing works - Supply on construction materials International Quality of International Standard Expanding thru Joint operation and/or Strategic alliance with multinational companies Value of Top Local Contractor Expanding business overseas in Myanmar Local

45 Thank You

46 corporate.secretary@acset.co