ACSET FY 2017 Progress Report
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PT Acset Indonusa Tbk Performance Update FY 2017 Integrated Construction Company Disclaimer The material in this presentation has been prepared by PT Acset Indonusa Tbk (ACSET) and is general background information about ACSET activities current as at the date of this presentation and are subject to change without prior notice. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to ACSET business and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements, past performance is not reliable indication of future performance. ACSET does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither ACSET and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise. Performance Update FY 2017 2 Contents Company Profile Business Profile & Operations Business Strategy Financial Highlights & Updates Performance Update FY 2017 3 Company Profile Performance Update FY 2017 4 Overview Indonesia’s Leading Integrated Construction Company PT Acset Indonusa Tbk (“ACSET”) is an integrated construction company, providing technical and construction services in foundation, building, civil engineering, infrastructure and ground engineering specialist works. ACSET is one of the few construction groups in Indonesia with the capability to provide services that spans across the entire value chain, and even been able to diversify ACSET's business lines in high-rise controlled-demolition business and infrastructure-related works. 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 this differentiates us from others. Performance Update FY 2017 5 Major Milestones 1995 Established as PT Acset Indonusa as foundation specialist 2001 Develop first competence in structure works in 2008 Surabaya Develop competences in civil works (Tanjung Jati B Unit 3&4 Power Plant Project) 2006 Develop competences in complex high-rise structure (Pacific Place Project) and heavy marine foundation (Suramadu Bridge Project) 2012 2011 Develop ISO 9001, OHSAS 18001 & ISO 14001 Certified competences in Design & Build 2013 (Setiabudi Sky Company’s Initial Public Offering (listed Company in Indonesia) and develop Garden Apartment competences in civil works for silo (the largest: Silo Gresik Tuban IV) Project) 2015 • Develop competences in high rise controlled demolition (26 2015 floors & 18 floors) Acquired by Astra • Trusted to construct the highest building (Thamrin 9 project, Group—the biggest 72 floors, 6 basements) conglomerate in • Trusted to construct deepest bored piling works Indonesia (Indonesia 1 Project 92m, 7 basements) • Develop competences in toll-road related projects (Astra Group Project) 2016 Commenced First Limited Public Offering/Rights Isuse 2017 Trusted to construct crucial infrastructure work (Jakarta-Cikampek II Elevated Toll Road), LRT for Cawang6 – Dukuh Atas Section & JORRPaparan II Toll Publik Road: Bursa Efek Indonesia—2 Agustus 2016 6 Kunciran – Serpong Section 6 Part of Indonesia’s Largest Business Group Manufacture & Distribution, (Market Share 54% for cars and 75% for motorcycles) Construction Machinery Market Leader Banking, general and life insurance, (35% market shares) leasing company Mining Contracting Market Leader (49% market shares) CPO producer, 1.63mio ton An Integrated Construction Company for Foundation, Structures, Infrastructures Concession: toll-road , sea port and logistics Coal Mining Coal reserved 386mil ton IT Hardware, software, consulting and Energy document solution PLTU Tj. Jati 5&6, 2 X1000MW (in construction) Property developer and building management *Source: AI and UT 2017 Annual Report *PT Astra International Tbk is publicly listed company in Indonesia with Rp336 Trillion market capitalization *PT 7United Tractors Tbk is publicly listed company in Indonesia with Rp132 Trillion market capitalization 7 *PT Acset Indonusa Tbk is publicly listed company in Indonesia with Rp1,7 Trillion market capitalization 7 Shareholding Structure 100.0% Acset Indonusa Co., Ltd. (Vietnam), Est. 2008 General Contractor Services 100.0% 84.0% Innotech Systems, Est. 2011 Formwork Services Karya Supra Perkasa Mechanical, Electrical & 60.0% Bintai Kindenko Engineering Indonesia, Est. 2012 Plumbing (MEP) Contractor 50.1% Contractor Equipment, Sales 92.3% Sacindo Machinery, Est. 2013 & Support 55.0% ATMC Pump Service, Est. 2014 Concrete Pumping Services Tower Crane & Passenger 0.1% 99.9% Aneka Raya Konstruksi Mesindo (ARKM), Est. 2014 Hoist Services 0.01% 99.9% Acset Pondasi Indonusa, Est. 2016 Foundation Specialist 49.9% 40.0% Dredging, Reclamation, and Dredging International Indonesia, Est. 2017 Public DII Marine Works Specialist Performance Update FY 2017 8 On-Going Projects Bakauheni-Sidomulyo Toll Road, Lampung The Stature, Jakarta Soil Improvement Work, Batang, Central Java Mixed-use development Millenium Centennial Grand Mansion, Jalan Borobudur, Kebon Sirih, Jakarta Center, Jakarta Jakarta LRT Cawang – Cibubur LRT Cawang – Dukuh Atas West Vista, Jakarta Indonesia 1 Tower Jakarta-Cikampek II Elevated Toll Road, Jakarta Thamrin Nine, Jakarta Tol JORR II, Ruas Kunciran- Serpong Menara Tendean, Jakarta Foundation Construction Infrastructure Performance Update FY 2017 9 Management ACSET is managed by a dedicated professional, experienced team. BOARD OF COMMISSIONERS BOARD OF DIRECTORS JEFFREY GUNADI GIDION HASAN YOHANES EKA CHANDRAWIJAYA President PRAYUDA Commissioner President Director Director TAN TIAM SENG DAVID IMAN RONNIE ELLYJAWATI SENTOSA Director Commissioner Vice President Director TJANDRAWATI HERJADI HILARIUS WAAS BUDIMAN ARWANDHI Independent Independent Director Commissioner Director As of AGMS 2017 decision, 10 April 2017 Performance Update FY 2017 10 Organizational Structure Executive Committee Board of Commissioners Corporate Secretary & Legal Audit Committee Corporate Audit & Risk Nomination & Remuneration Board of Directors Committee Tender Procurement Project Control HC & Operation Finance Director Operation Director System & Company Support Director Culture Director Human Capital Foundation & Soil Improvement Finance, System & Company Accounting & Safety, Health Culture Building & Civil Tax Division & Environment GA, SR & Infrastructure Management Security Information & Contract Engineering Technology Plant & Facility Quality Assurance & Engineering Performance Update FY 2017 11 Business Profile & Operations Performance Update FY 2017 12 Areas of Expertise Demolition Foundation General Building Infrastructure Marine Works Works Works Works Works M A I •Geotechnical Civil N Controlled- Works engineering •Bored Pilling & High rise and •Inter-island E demolition with related works x Diaphragm Wall complex bridges P minimal impact that include but • Waterproofing & building •Dredging E to project not limited to: R Driven Pilling structure •Reclamation T •Pre-Stressing/Post- •Toll Roads I surroundings S Tensioning •Power Plants E S U P Subsidiary complementing expertise include: P • Mechanical, Electrical & Plumbing Works O R • Construction Heavy Equipment Sales and Rental (Tower Crane/ T Concrete Pump/Passenger Hoist) I N • Slip Forming/Formwork System G 13 Demolition Works CIMB Niaga & Sequis Office Building, Jakarta Performance Update FY 2017 14 Bored Piling & Diaphragm Wall Thamrin Nine Project Indonesia 1 Project Performance Update FY 2017 15 General Building Works Residence 8 Project Centennial Tower Project Performance Update FY 2017 16 Infrastructure Works Construction of Toll Gate, Cilegon Barat Construction of Additional Transaction Line, Balaraja Timur Kertosono – Mojokerto Toll Road Kertosono – Mojokerto Toll Road Performance Update FY 2017 17 Infrastructure Works (2) Tanjung Jati Power Plant Unit 3 & 4 Toll Gate of Kertosono - Mojokerto Toll Road Tanjung Jati Power Plant Unit 3 & 4 Performance Update FY 2017 18 Marine Works Approach Bridge Suramadu Approach Bridge Suramadu Approach Bridge Suramadu Performance Update FY 2017 19 Slipforming & Formwork System Silo of PT Semen Indonesia Tuban IV Silo of Bosowa Mataram Performance Update FY 2017