ACSET FY 2016 Progress Report
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PT Acset Indonusa Tbk Performance Update FY 2016 Integrated Construction Company 24 February 2017 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 businesses 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 2016 2 Contents Company Profile Business Profile & Operations Business Strategy Financial Highlights & Updates Performance Update, FY 2016 3 Company Profile Performance Update, FY 2016 4 Overview Indonesia’s Leading Integrated Construction Company PT Acset Indonusa Tbk (“ACSET”) is an integrated construction company, providing technical and construction services in building, civil engineering, foundation 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 2016 5 Milestones For the past 22 years, ACSET has been striving to become the pioneer in providing integrated construction solutions to its clients. Performance Update, FY 2016 6 Bagian dari Grup Bisnis Terbesar di Indonesia Manufacture & Distribution (Market Share 50% for cars and 69% for motorcycles) Construction Machinery Market Leader Banking, general and life insurance, (36% market shares) leasing company Mining Contracting An Integrated Construction Company Market Leader (48% CPO producer, 1million ton for Foundation, Structures, market shares) Infrastructures Concession: toll-road, clean water and port Coal Mining IT Hardware, software, consulting and Coal reserved 395 million document solution ton Property developer and building management *Source: PT Astra International Tbk & PT United Tractors Tbk 2015 Annual Report Performance Update, FY 2016 7 Shareholding Structure Aneka Raya Konstruksi Mobilindo (ARK) Tower Crane & Passenger 99.9% Hoist Rental 100.0% 0.01% Foundation & Specialist Karya Supra 0.1% 99.9% Acset Pondasi Indonusa Works Perkasa 84.0% Formwork Sales, Rental & Innotech System Contractor 50.1% 92.3% Sales & Rental of Heavy Sacindo Machinery Equipment 100.0% Foundation & General Acset Indonusa Co., Ltd. (Vietnam) Contractor 55.0% Concrete Pumping Services 49.9% ATMC Pump Service Mechanical, Electrical & Bintai Kindenko Engineering Indonesia Plumbing (MEP) Contractor 40.0% Public Performance Update, FY 2016 8 On-Going Projects Toll Gate & Office, Rajawali Royal Mojokerto-Kertosono Apartment, Palembang Mixed-use development Green Sedayu Taman Kebon Sirih, Jakarta Palem, Jakarta Millenium Centennial Kino Office Tower, Bored-pile flyover Tower, Jakarta Toll Gate & Office, Alam Sutera Puri Mansion, Jakarta Cilegon Barat Artotel Hotel, Bali Astra Biz Centre, BSD Sedayu City, Kelapa Gading, Jakarta Jalan Borobudur apartments West Vista, Jakarta Indonesia 1 Tower Setiabudi Skygarden Thamrin Nine, Jakarta Foundation Construction International Financial Centre Tower-II, Jakarta Infrastructure Lot 28, SCBD Demolition Langham Lot 13, SCBD Mechanical, electrical, and plumbing Hotel Harris & Yello Pesona Square, Depok Performance Update, FY 2016 9 Management ACSET is managed by a dedicated professional, experienced team. BOARD OF COMMISSIONERS BOARD OF DIRECTORS TAN TIAM GIDION HASAN HERJADI SENG RONNIE President BUDIMAN Commissioner President Director Director BAMBANG JEFFREY GUNADI WIDJANARKO CHANDRAWIJAYA NILAWATI IRJANI E. S. Vice President Director President Director Commissioner ROBERT HILARIUS MULYONO WILTARSA HALIM ARWANDHI Independent Independent Director Director Commissioner Performance Update, FY 2016 10 Organizational Structure Board of Commissioners Audit Committee Corporate Board of Directors Secretary Corporate Audit Corporate Legal Business Development Operation & Marketing Independent Finance Director HC Director Director Director Project Management Finance & HC, GA, ESR Procurement Group Project Support & Representative Accounting Division Division Division Plant Division (ISO) Marketing & Foundation IT & Customer Project Management Engagement Division System Division Division Performance Update, FY 2016 11 Business Profile & Operations Performance Update, FY 2016 12 Areas of Expertise CONSTRUCTION BUSINESS General Civil Foundation Infrastructure Demolition Building Engineering Other Works Works Works Works Works Works Geotechnical Mechanical, Electrical Toll Roads Works & Plumbing Construction Heavy Equipment Sales and Bored Piling & Marine Works Rental (Tower Crane/ Diaphragm Wall Concrete Pump/Passenger Hoist) Waterproofing & Slip Forming/ Power Plants Driven Pilling Formwork System Pre-Stressing/ Bridge Post- Tensioning Performance Update, FY 2016 13 General Building Works Performance Update, FY 2016 14 Civil Engineering Works Performance Update, FY 2016 15 Bored Piling & Diaphragm Wall Performance Update, FY 2016 16 Infrastructure Works Performance Update, FY 2016 17 Marine Works Performance Update, FY 2016 18 Slipforming & Formwork System Performance Update, FY 2016 19 Demolition Works Performance Update, FY 2016 20 Current Project Portfolio: Foundation Projects 18 1. Indonesia 1, Jakarta 12. Pakubuwono House, 2. Millenium Centennial Pakubuwono Signature, Tower, Jakarta and Pakubuwono House, 20 19 3. Taman Anggrek Jakarta Residences, Jakarta 13. Ciputra World, Jakarta 4. Mangkuluhur City, Jakarta14. Gandaria City, Jakarta 5. SBCD Lot 10, Jakarta 15. Pacific Place, Jakarta 6. Thamrin Nine (phase I-II), 16. Plaza Sudirman, Jakarta Jakarta 17. Pasar Tanah Abang 7. St. Regis, Jakarta (blocks A and B), Jakarta 3 8. Bahana Office Tower, 18. Estella Residential 1 17 2 6 Jakarta Development Project, Ho 10 13 8 5 9 14 9. District 8 Senopati, Chi Minh City, Vietnam 7 15 11 4 16 Jakarta 19. Approach bridge of 12 10. Sahid Sudirman Center, Suramadu Bridge, East Jakarta Java 11. Botanica Residences, 20. Plaza Ambarukmo, Jakarta Yogyakarta Performance Update, FY 2016 21 Current Project Portfolio: Structural Projects 1. Indonesia 1, Jakarta 13. Residence 8 @ Senopati 17 2. Millenium Centennial Tower, Office and Apartment, Jakarta Jakarta 14 15 18 19 3. Thamrin Nine, Jakarta 14. Astra Business Centre, 16 21 4. District 8 Mixed-Use and Tangerang 20 Langham Tower 15. BG Junction Supermall Development, Jakarta Pakuwon, Surabaya 5. Equity Tower, Jakarta 16. Supermall PTC Pakuwon 6. Kota Kasablanka (phase I-II), Indah, Surabaya 10 Jakarta 17. Sun Plaza, Medan 11 1 7. Gandaria City, Jakarta 18. Tunjungan Plaza IV, Surabaya 3 2 8. Pacific Place, Jakarta 19. Artotel Sanur, Bali 5 6 9. New British Embassy, Jakarta 20. TS Suites Hotel and Mall 4 7 8 10. West Vista Apartment, Town Square, Bali 12 13 9 Jakarta 21. Alila Seminyak Resort, Bali 11. Hotel Harris and Yello, Jakarta 12. Pakubuwono Signature and Pakubuwono House, Jakarta Performance Update, FY 2016 22 Current Project Portfolio: Civil & Infrastructure 4 3 6 12 1 2 11 13 9 14 15 5 10 8 7 1. Tanjung Priok Access Road (phase II), Jakarta 10. Foundation construction of PT Semen Gresik, East 2. Blending silo of PT Semen Gresik Rembang, Central Java Java 11. Tanjung Jati B Power Plant expansion project (2 x 3. Silo, Packer, and Pen Building of PT Semen 660 MW), units 304, Central Java Indonesia, East Kalimantan 12. Construction of toll gate and transaction line, 4. Port and packing plant, Pontianak Balaraja Timur and Cilegon Barat, Banten 5. Silo of PT Semen Indonesia Tuban