Etihad Airways Dan CAS
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Towards a sustainable future ANNUAL REPORT ANNUAL REPORT LAPORAN TAHUNAN 20182018Laporan LAPORANTahunan 2018 TAHUNAN Annual Report PT Cardig Aero Services Tbk a The CAS Group Network Indonesia’s Civil Aviation authority has plans to build 62 new airports by 2030. Makassar Sultan Hasanuddin Medan International Kuala Namu Airport International Airport Surabaya (UPG) (KNO) Pontianak Juanda Supadio International International Airport Airport (SUB) (PNK) Pekanbaru Sultan Syarif Kasim II Tarakan International Batam Airport Hang Nadim Sesayap (PKU) International Airport (BTH) Binungan Samarinda Pangkal Pinang Semarang Jambi Ahmad Yani Banjarmasin International Airport Satui (SRG) Karawang Asam-Asam Padang Minangkabau Lampung Subang Kudus International Airport (PDG) Cilacap Malang Palembang Surakarta Sultan Mahmud Adi Sumarmo Badaruddin II Purwokerto International International Airport Airport (PLM) (SOC) Purwakarta Jogjakarta Adi Sucipto Balikpapan International Sultan Aji Greater Jakarta Airport Muhammad Halim Perdanakusuma (JOG) Sulaiman International Airport International (HLP) Airport Bandung (BPN) Soekarno-Hatta Husein Sastranegara International Airport International Airport (CGK) (BDO) b PT Cardig Aero Services Tbk Laporan Tahunan 2018 Annual Report Jaringan CAS Group Otoritas Penerbangan Sipil Indonesia berencana membangun 62 bandara baru hingga tahun 2030. CAS Destination: there are two functional companies - JAS ground handling/ passengers and JAE aircraft maintenance CAS Destination: terdapat dua perusahaan yang menangani bidang ini - JAS (jasa penunjang transportasi udara) dan JAE (jasa perbengkelan penerbangan) Manado Sam Ratulangi CAS Food: there are two functional International companies - CASC and PMAD Airport (MDC) CAS Food: terdapat dua perusahaan yang menangani bidang ini - CASC dan PMAD CAS Facility: there is one functional company - CASB CAS Facility: terdapat satu perusahaan yang menangani bidang ini - CASB Lombok Lombok Praya Denpasar International I Gusti Ngurah Rai Airport International (LOP) Airport (DPS) CAS People: there is one functional company - JATC CAS People: terdapat satu perusahaan yang menangani bidang ini - JATC Laporan Tahunan 2018 Annual Report PT Cardig Aero Services Tbk 01 Contents Daftar Isi 38 About CAS Tentang CAS Financial Highlights 05 Ikhtisar Keuangan Shareholder Information 06 Informasi Pemegang Saham Company Profile 09 Profil Perseroan Report to Shareholders Laporan kepada Pemegang Saham Report of the Board of Commissioners 21 Laporan Dewan Komisaris Report of the Board of Directors 28 Laporan Direksi 42 The Year in Review Tahun dalam Kajian Operating Review 34 Tinjauan Operasi Financial Review 74 Tinjauan Keuangan Corporate Social Responsibility 84 61 Tanggung Jawab Sosial Perusahaan 02 PT Cardig Aero Services Tbk Laporan Tahunan 2018 Annual Report 2018 Governance Tata Kelola 93 Our GCG Principles and Practice Prinsip dan Praktek GCG 99 General Meeting of Shareholders Rapat Umum Pemegang Saham 102 Board of Commissioners Dewan Komisaris 108 Board of Directors Direksi 116 Audit Committee 57 Komite Audit 122 Nomination and Remuneration Committee Komite Nominasi dan Remunerasi 124 Corporate Secretary Sekretaris Perusahaan 128 Internal Audit Unit Unit Audit Internal 133 Risk Management System Sistem Manajemen Risiko 136 Whistleblowing Policy Implementation Implementasi Kebijakan Whistleblowing 66 Financial Statements Laporan Keuangan Laporan Tahunan 2018 Annual Report PT Cardig Aero Services Tbk 03 About CAS Tentang CAS CAS Group share one vision: to be the preferred solution provider in Air Transportation Support, Food Solutions and other related industries. Visi CAS Group: Menjadi perusahaan terpilih sebagai penyedia jasa yang memberikan solusi bagi transportasi udara, jasa boga dan industri terkait lainnya. Financial Highlights 05 Ikhtisar Keuangan Shareholder Information 06 Informasi Saham Company Profile 09 Profil Perseroan 04 PT Cardig Aero Services Tbk Laporan Tahunan 2018 Annual Report About CAS Tentang CAS Financial Highlights Ikhtisar Keuangan 2018 2017 2016* Revenue 2,200,342,255 2,057,649,583 1,815,773,466 Pendapatan Income before financial and Laba Sebelum Pos Keuangan 411,448,480 503,372,181 441,649,212 other items dan Lainnya Profit for the year 196,632,736 323,071,667 296,376,558 Laba (Rugi) Jumlah Laba (Rugi) yang Owner of the 24,928,914 130,672,376 121,169,486 Dapat Diatribusikan Parent Entity Kepada Pemilik Entitas Induk Jumlah Laba (Rugi) yang Non Controlling Interest 171,703,822 192,399,291 175,207,072 Dapat Diatribusikan Kepada Kepentingan Non Pengendali Comprehensive Income 219,534,769 296,458,244 283,029,185 Total Laba (Rugi) Komprehensif Jumlah Laba (Rugi) Komprehensif yang Dapat Owner of the Parent Entity 36,741,706 117,340,102 113,703,615 Diatribusikan Kepada Pemilik Entitas Induk Jumlah Laba (Rugi) Komprehensif yang Dapat Non Controlling Interest 182,793,063 179,118,142 169,325,570 Diatribusikan Kepada Kepentingan Non Pengendali Earnings Per Share 12 63 58 Laba (Rugi) per Saham Total Asset 2,010,883,470 1,907,034,830 1,791,336,526 Jumlah Aset Total Liabilities 1,174,852,293 1,108,203,297 980,355,267 Jumlah Liabilitas Total Equity 836,031,177 798,831,533 810,981,259 Jumlah Ekuitas Rasio Laba (Rugi) terhadap Return on Assets 10% 17% 17% Jumlah Aset Rasio Laba (Rugi) terhadap Return on Equity 24% 40% 37% Ekuitas Rasio Laba (Rugi) Operasi Operating Margin 19% 24% 24% terhadap Pendapatan Rasio Laba (Rugi) Sebelum EBITDA Margin 22% 28% 28% Bunga, Pajak dan Depresiasi terhadap Pendapatan Current Ratio 1.25 1.33 2.19 Rasio Lancar Liability to Equity Ratio 1.41 1.39 1.21 Rasio Liabilitas terhadap Ekuitas Rasio Liabilitas terhadap Jumlah Liability to Total Asset Ratio 0.58 0.58 0.55 Aset Return on Equity (ROE) Rasio Laba (Rugi) terhadap Ekuitas over the last 5 years dalam kurun waktu 5 tahun 2018 2017 2016* 24% 40% 37% * Reflects an additional investment SATS in CAS subsidiary PMAD * Menunjukkan investasi SATS di PMAD, entitas anak CAS Laporan Tahunan 2018 Annual Report PT Cardig Aero Services Tbk 05 About CAS Tentang CAS Shareholder Information Informasi Pemegang Saham Chronology of Listing Kronologi Pencatatan On December 5, 2011, the Company obtained the Notice Pada tanggal 5 Desember 2011, Perseroan memperoleh of Effectivity from BAPEPAM-LK in Letter No. S- 12603/ Surat Pernyataan Efektif dari BAPEPAM-LK No. S-12603/ BL/2011 for the public offering of 313,030,000 of the BL/2011 untuk penawaran umum 313.030.000 saham Company’s shares as listed on the Indonesia Stock Perseroan kepada masyarakat dan saham tersebut telah Exchange. dicatatkan pada Bursa Efek Indonesia. CAS Ownership Structure Struktur Kepemilikan Saham CAS Shareholder Number of Shares Percentage Ownership Pemegang Saham Jumlah Saham Presentase Kepemilikan PT Cardig Asset Management * 538,117,668 25.79% SATS Ltd S/A SATS Investment (II) Pte Ltd ** 451,830,800 21.65% SATS Ltd S/A Cemerlang Pte Ltd ** 417,390,000 20.00% PT Dinamika Raya Swarna *** 366,587,032 17.57% Masyarakat/Public 313,024,950 15.00% 2,086,950,000 100% * Controlled 52.7% by Nurhadijono Nurjadin and * Nurhadijono Nurjadin dan keluarga memiliki 52,7% saham, family, 14.3% by Adji Gunawan and family Adji Gunawan dan keluarga memiliki 14,3% saham ** A Public Listed Singaporean Company ** Perusahaan Publik Singapura *** Controlled 66.7% by Nurhadijono Nurjadin, 33.3% *** Nurhadijono Nurjadin memiliki 66,7% saham, Radianto by Radianto Kusumo Kusumo memiliki 33,3% saham Directors and Commissioners Kepemilikan Saham oleh Share Ownership Direktur dan Komisaris Commissioners’ holdings Komisaris yang memiliki saham Adji Gunawan 0.0622919% Hasiyanna Syarain Ashad 0.0184480% Directors’ holdings Direksi yang memiliki saham Nurhadijono Nurjadin 0.1485421% Radianto Kusumo 0.1337119% Widianawati 0.1150004% 06 PT Cardig Aero Services Tbk Laporan Tahunan 2018 Annual Report About CAS Tentang CAS Groups of Public Shareholders < 5% to the amount of Kelompok Pemegang Saham Masyarakat < 5% sejumlah 15% 15% Total of shareholders and percentage Jumlah pemegang saham dan presentase of ownership based on classification kepemilikan berdasarkan klasifikasi Local institution ownership 47.68184% Kepemilikan institusi lokal Foreign institution ownership 50.21415% Kepemilikan institusi asing Local individual ownership 1.85517% Kepemilikan individu local Foreign individual ownership 0.24884% Kepemilikan individu asing Share price data, trading volume and Harga saham dan market capitalization per quarter data kapitalisasi pasar per kuartal 2018 Quarter Highest Price Lowest Price Avg Closing Price Market Capitalization Rata-rata Harga Tertinggi Harga Terendah Volume Kapitalisasi Pasar Kuartal Harga Penutupan (Rp) (Rp) (Rp) (Rp) I 840 695 720 269,495 1,502,604,000,000 II 750 650 701 97,909 1,462,951,950,000 III 730 670 711 84,332 1,483,821,450,000 IV 725 650 703 35,605 1,467,125,850,000 2017 I 945 650 768 34,680 1,602,549,339,844 II 900 730 802 126,886 1,673,450,923,729 III 755 650 708 638,814 1,478,523,807,692 IV 900 690 759 198,048 1,583,513,446,154 Share Price Movement Pergerakan harga saham 1.400 700 1.200 600 1.000 500 800 400 600 300 400 200 volume (in thousands) volume 200 100 - - TW1 TW2 TW3 TW4 TW1 TW2 TW3 TW4 TW1 TW2 TW3 TW4 TW1 TW2 TW3 TW4 2015 2016 2017 2018 Average Volume Average Close Laporan Tahunan 2018 Annual Report PT Cardig Aero Services Tbk 07 About CAS Tentang CAS Capital Market Supporting Lembaga/Profesi Organizations and Professionals Penunjang Pasar Modal Public Accountant Notary Akuntan Publik Notaris Amir Abadi Jusuf, Aryanto, Mawar & Partners