Presentation Book of West Java 2020
Government of West Java Province CENTRAL BANK OF INDONESIA EXPLORING NEW SOURCES OF GROWTH IN SOUTHERN PART OF WEST JAVA IN ORDER TO ENHANCING WEST JAVA INVESTMENT AND ECONOMIC GROWTH INDONESIA ECONOMIC REVIEW INDONESIA PROFILE
President : Joko Widodo Vice President : K.H. Ma’ruf Amin Capital City : Jakarta City Province : 34 Province Regencies/Cities : 416 Regency, 98 City
INDONESIA 160,28 Located in Nuasantara in Southeast Asia 12,03 Indonesia Area: 1.919.440 square kilometers. NET Billion USD Thousand Based on Tourism Indonesia Total Population: 268.583.016 people or Export AS OF JUNE International 3.49% of World Total Population. With population Visitor 2020 Tourist Arrival growth around 1.1% each year.
MARKET POTENTIALS Indonesia is the fourth-largest country in terms of 71.92 0.18% population size will offers the biggest potential Categorized BASED ON JUNE 2020 market, with growing number of middle-class HDI As HIGH INFLATION households.
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Investment Realization
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WEST JAVA ECONOMIC REVIEW WEST JAVA PROFILE
Governor : Moch. Ridwan Kamil Vice Governor : Uu Ruzhanul Ulum -5.98% Capital City : Bandung Top 3 Contributos To National GDP Regencies : 18 Regencies & 9 Cities 31 Thousand Based on Tourism International Visitor Tourist Arrival
WEST JAVA Loated in Java Island in 1.96 72.30% Indonesia NET Billion Categorized West Java Area: 35,377.76 Export USD HDI As HIGH square kilometers. West Java Total Population: 49 million people or 18.1% of Indonesia Total Population. With population growth around 1.34% each year, West Java total population in 7.64% 2.73% 2021 is expected to reach 50 MARKET POTENTIALS million people. Highest Contribution Highest Contribution As the most populous province in Indonesia, West Java offers to National GDP to National Export the biggest potential market, with growing number of middle- class households in Manufacturing Sector of Goods
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE ECONOMIC GROWTH
In Q2-2020, West Java economic growth slightly declined to -5, 98% (yoy). However, such growth was slight difference national performance at 2,73% (yoy). West Java growth in Q2-2020 was supported by sharp growth of over 7,64% in agriculture. Indonesia's economic prospects in 2020 are expected slightly down compared to 2019. This decreased is mainly influenced by the detained prospects for economic recovery due to the wide spread impact of Covid-19, which affects the Indonesian economy through the tourism, trade and investment. Furthermore, large-scale social restriction policies also affect domestic demand.% (YOY) Jawa Barat Nasional
2.97
2.73
-5.32 I II III IV I II III IV I II III IV I II III IV I II III IV I II 2015 2016 2017 2018 2019 2020
-5.98
National and West Java Economic Growth
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE ECONOMIC GROWTH
Top Sectors with Highest Contribution to GDRP (as of Q2-2020) AGRICULTURE
MANUFACTURING
7,64% -8,00% 8.09 7.64 4.64 2.08 1.58 -1.52
-10.92 -8.00 III'19 IV'19 I'20 II'20 III'19 IV'19 I'20 II'20
TRADE & RETAIL -11,15% -6,76% CONSTRUCTION
7.75 7.26 5.18 5.31 5.31
0.15
-11.15 -6.76
III'19 IV'19 I'20 II'20 III'19 IV'19 I'20 II'20
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INFLATION
CPI 105.64 in May 2020 , 105.98 in June 2020; therefore inflation of 0.32 percent occurred. In June 2020, West Java CPI recorded an inflation at 0.32% (mtm), Increased compared to infation in the Q1 2020 is 0.31% (mtm).
% (YOY)
5 JAWA BARAT NASIONAL
5
4
4
3
3
2
2
1
1
0 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 2017 2018 2019 2020
Inflation in June 2020 was Volatile food in Q2 2020 was Administered prices in Q2 Core inflation in Q2 supported by commodities in recorded a deflation at 2,02% 2020 experienced deflation 2020 remained under core inflation that include (mtm). In annual terms, the of -0,02% (mtm). In annual control at a low level, residential rental and train VF inflation was recorded very terms, AP inflation was both monthly and cost. While the deflation was high at 1,25% (yoy). recorded at 2,08% (yoy). annually which was boosted by tabacco, food and recorded at 0,37% beverage, houseware, financial (mtm) and 2,31% (yoy) support, hospitalized, accordingly. communication, technology and etc. REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE EXPORT/IMPORT GROWTH
• Since 2013, West Java keeps an outstanding record of positive net exports over the years. Up until 2020, West Java foreign trade balance continues to record positive net exports, supported by the strong export growth and decreasing import growth.
Growth in Exports of Goods
% (YoY) % (YoY) 200% Manufaktur (RHS) Industri Otomotif 40% 30% 150% Industri Elektronik Industri TPT (RHS) 20% 100% 10% 50% 0% • West Java exports were supported by 4 (four) -10% 0% main sectors which are: Manufacturing, -20% Otomotif, Electronics, and TPT-rhs. -50% -30% -100% -40% 60 I II III IV I II III IV I II III IV I II III IV I II III IV I II % (YOY) 40 Total Ekspor USA Eropa ASEAN 2015 2016 2017 2018 2019 2020 20 0 • By the share, the largest export commodity in -20 the Q2 2020 is West Java. Otomotif (16,76%), -40 electronic(16,66%), TPT (9,96%), and food and -60 beverages (8,26%). I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II 2013 2014 2015 2016 2017 2018 2019 2020 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE RECENT ECONOMIC REVIEW
WEST JAVA
HDI : 72,03% Bekasi City Population : 49,94 million Eco growth : -5,98% (Q2) •HDI : 81.59% •Population : 3,89 million •Eco growth : 5,6% (Q2)
Bandung City Depok City •HDI : 81.06% •HDI : 80,82% •Population : 3,83 million •Population : 2,48 million •Eco growth : 7,79% (Q1) •Eco growth : 7,28% (Q1) Cirebon City •HDI : 74.92% •Population : 322.322 •Eco growth : 5,95%
Bogor City
•HDI : 76,23% Tasikmalaya City •Population : 1,12 million Sukabumi City •HDI : 72.03% •Eco growth : 6,21% •Population : 663.986 •HDI : 74.31% •Eco growth : 5,99% •Population : 330.691 •Eco growth : 5,3%*
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE MINIMUM WAGE RATE
• The average minimum wage in West Java for the period of 2020 is around Rp.2.963.496 (USD 197,57) per month. • Karawang Regency has the highest wage with Rp.4.594.325 (USD 306,29) per month. • Banjar City has the lowest wage rate with Rp.1.831.8852019 (USD 122,13) per2020 month. City/Region Rp Rp USD Karawang, Kabupaten 4.234.010 4.594.325 306,29 Bekasi, Kota 4.229.757 4.589.709 305,98 Bekasi, Kabupaten 4.146.126 4.498.962 299,93 Depok, Kota 3.872.552 4.202.106 280,14 Bogor, Kota 3.842.786 4.169.807 277,99 Bogor, Kabupaten 3.763.406 4.083.670 272,24 Purwakarta, Kabupaten 3.722.310 4.039.068 269,27 Bandung, Kota 3.339.581 3.623.779 241,59 Industrial zones & big Bandung Barat, Kabupaten 2.898.745 3.145.428 209,7 cities have the Bandung, Kabupaten 2.893.075 3.139.275 209,29 highest wage rate Cimahi, Kota 2.893.075 3.139.275 209,29 Sumedang, Kabupaten 2.893.075 3.139.275 209,29 Sukabumi, Kabupaten 2.791.016 3.028.532 201,9 Subang, Kabupaten 2.732.900 2.965.468 197,7 Cianjur, Kabupaten 2.336.005 2.534.799 168,99 Sukabumi, Kota 2.331.752 2.530.183 168,68 Indramayu, Kabupaten 2.117.714 2.297.931 153,2 Tasikmalaya, Kota 2.086.530 2.264.093 150,94 Tasikmalaya, Kabupaten 2.075.189 2.251.788 150,12 Cirebon, Kota 2.045.422 2.219.488 147,97 Cirebon, Kabupaten 2.024.160 2.196.416 146,43 Garut, Kabupaten 1.807.286 1.961.086 130,74 Majalengka, Kabupaten 1.791.693 1.944.166 129,61 Kuningan, Kabupaten 1.734.994 1.882.642 125,51 Ciamis, Kabupaten 1.733.162 1.880.655 125,38 Pangandaran, Kabupaten 1.714.673 1.860.591 124,04 Banjar, Kota 1.688.218 1.831.885 122,13 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE *) USD to IDR Exchange Rate, 2020: 15.000 Labor Absorption
Note: Since Q2-2016, Indonesian Worker is additional data of labor absorption.
Labour Absorption: West Java Provincial Regulation No. 16 of 2015 concerning Implementation of Manpower. Pasal 29 : Every worker has the same rights and obligations to choose, get, or change jobs and obtain a decent income at home or abroad which is carried out in accordance with statutory provisions. Pasal 33 : Report on job vacancies to the Office in charge of manpower in the Regency / City for companies located in one Regency / City. The vacancy report as referred to in paragraph (1) shall at least contain: a. the amount of labor needed; b. gender; c. education; d. skills; e. competence; f. age; and g. salary / wages. For part-time work as referred to in paragraph (3) letter c, can be filled out by job seekers whose status is Student / Student provided that it does not interfere with study time. Pasal 49 : Work relations occur because of an employment agreement between the Employer and the Worker / Labor. Work agreements as referred to in paragraph (1) shall be made in writing or orally. Indefinite Time Work Agreement (PKWTT) is made verbally, the employer is required to make a letter of appointment for the Worker / Labor. Work agreements that do not meet the requirements, may be canceled. REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Regional Development
There are 9 (nine) development priorities that will be carried out by the Regional Government of West Java Province in 2020. The nine RKPD development priorities in 2020 include:
• Education Access for All • Decentralized Health Services • Innovation-based on People's Economic Growth • Development of Tourism Destinations and Infrastructure • Religious Education and Places of Worship • Regional Connectivity Infrastructure • Village Development Movement (Village Gate) • Free Subsidies for Weak Economic Groups (Golekmah) • Public Service Innovation and Regional Arrangement
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE BANKING INDUSTRY
Resume of Banking Indicators – Conventional Commercial Banks in West Java
By the first of 2020, West Java Loan-to-Deposit Ratio increased to 89,09% (yoy) while its credit growth slightly decreased to 12,1% (yoy). Furthermore, the NPL growth declined to 2,98% (yoy), accompanied by strong asset growth at 7,5% (yoy). Sectors with biggest credit share in West Java are Trade and Retail as well as Manufacturing industry. Rp Triliun % (YOY) Rp Triliun Nominal Kredit NPL-rhs % (YOY) Nominal Asset 800 4 800 12 700 700 4 10 600 600 3 8 500 500 2.98 3 400 6 400 2 300 6.54 300 2 4 200 200 1 2 100 100 1 0 0 0 0 I II III IV I II III IV I II III IV I II III IV I I II III IV I II III IV I II III IV I II III IV I 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
Rp Triliun Nominal Kredit LDR-rhs % 800 94 ManufactureKredit Manufaktur Credit 20.96% 700 93 KreditTrade Perdagangan Credit 14.80% 600 92 91 ConstructionKredit Konstruksi Credit 5.48% 500 90 Transport and Communication 400 Kredit Angkutan dan Komunikasi 4.24% 89 Credit 300 89.09 88 BusinessKredit Jasa Service DuniAa Credit Usaha 4.19% 200 87 SocialKredit Service Jasa Credit Sosial 2.22% 100 86 Credit for Providing Accomodation 0 85 Kredit Penyediaan Akomodasi & Mamin 1.68% and Food Security I II III IV I II III IV I II III IV I II III IV I AgriculturalKredit Pertanian Credit 1.43% 2016 2017 2018 2019 2020 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE BANKING INDUSTRY
Resume of Banking Indicators – Sharia Commercial Banks in West Java
Q1 of 2020, West Java asset growth increased to 11,3% (yoy), accompanied by significantly declining NPF to 3,47% (yoy). Furthermore, West Java Finance-to-Deposit Ratio decreased to 80,83% while its SME Share to Total Finance is relatively stable at around 20,83%.
Asset Growth NPF Development % (YOy) Rp Triliun Total Asset g. Asset-right hand scale Rp Triliun Total Finance g. Finance-right hand scale % (YOy) 60 15.00 40 12.00 50 10.00 30 40 10.00 8.00 30 20 6.00 20 5.00 4.00 10 10 2.00 0 - 0 - I II III IV I II III IV I II III IV I II III IV I I II III IV I II III IV I II III IV I II III IV I 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 SME Development FDR Development Rp Triliun SME Credit g. Total Credit SME to Total Credit Ratio % 160 Finance to Deposits Ratio Deposit-rhs Finance-rhs50 200 25 140 40 20 120 150 100 30 15 80 100 60 20 10 50 40 10 5 20 0 0 0 I II III IV I II III IV I II III IV I II III IV I I II III IV I II III IV I II III IV I II III IV I 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE BANKING INDUSTRY
Total Asset – Joint Venture Bank and Foreign Bank in West Java
No. Joint Venture Bank
1 046004-BANK DBS KC BDG-DJUANDA 2 949002-BANK CHINATRUST KC BDG 3 047004-BANK RESONA PERDANIA KC BDG 4 950002-BANK COMMONWEALTH KC BDG 5 945007-BANK IBK IND KC BANDUNG 6 950024-BANK COMMONWEALTH KC BGR-PJRAN 7 950020-BANK COMMONWEALTH KC CRB-SLWGI No Foreign Bank . 2,000,000,000,000 1 031034-CITIBANK KC BDG-ASIA AFRIKA 2 050003-BANK SC KC BDG-DJUANDA 1,500,000,000,000
• Total of Joint Venture Bank in West Java is 7 1,000,000,000,000 Bank. • Total of Foreign Bank in West Java is 2 Bank. 500,000,000,000
0 1 2 3 4 5 6 7 1 2
JOINT VENTURE BANK FOREIGN BANK
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE ECONOMIC OUTLOOK
West Java economic growth in 2020 of West Java inflation in 2020 was 3,00% quarter 2 was (yoy), which was still within the national -5,98%, which was in line with Bank target of 3,0±1%. Moreover, West Java Indonesia projection. In 2020, West Java inflation in 2020 is expected to be economic growth is estimated will be in maintained within the 2020 inflation the range of 5,0% - 5,4%. This projection target of 3,0±1%, supported by strong is in line with the increase in investment policy coordination between Bank and household consumption as well as Indonesia and the central as well as fiscal stimuli from the central provincial governments. GovernmentECONOMIC. GROWTH WEST JAVA INFLATION 8 4 2018 2019 2020 2018 2019 2020 5.77 3,54 3,5 6 5.5 3 4 3 2 0
-2 2 -4 -6 -5.98 -8 1 *) Bank Indonesia projection
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INVESTMENT REALIZATIONS WEST JAVA IN NATIONAL CONSTELLATION
The Center of Manufacturing Having National Park, Industry And National Wildlife Reserves, and Nature Strategy Preserves
Strategic Location Having National Activity Centers West Java is bordering with Java Sea in and Regional Activity Centers North, Center Java in the East, Hindia West Java has 3 National Activity Centers and Ocean in the South, and Banten-DKI 3 Regional Activity Centers Province in the West
Having Good Nature Vital National Installation West Java has several vital national Landscape with a Complex installations in Education field as well as Geological Structure Research and Development and Defense field, some of them are international standard
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REGIONAL THEMATIC
Region 1 This region consist of Bekasi City, Bekasi Regency, Subang Regency, Purwakarta Regency and Karawang Regency.
Potential investment projects from this region are as follows : • Subang Industrial Park (SIP) in Subang Regency • Ciater Raya Area in Subang Regency
Region 2 This region consist of Cirebon City, Cirebon Regency, Kuningan Regency, 1 Indramayu Regency, and Majalengka Regency
Potential investment projects from this region are as follows : • BIJB and Kertajati Aerocity in Majalengka Regency : 1. Logistic Hub 2. Financial Center 2 3. Creative Technology Center 4. Vertical Housing • Kertajati Industrial Estate Majalengka in Majalengka Regency • Greater Cirebon Regional Solid Waste Treatment in Cirebon Regency • Regional SPAM Development Plan Cirebon Raya Metropolitan (Jatigede) in 3 Cirebon Regency Region 3 This region cosist of Bandung City & Regency, West Bandung Regency, Cimahi City, Tasikmalaya City & Regency, Banjar City, Sumedang Regency, Ciamis Regency, Garut Regency, and Pangandaran Regency
Potential investment projects from this region are as follows : • Walini Raya Area in West Bandung Regency
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE TOTAL INVESTMENT REALIZATION
National Foreign Direct Investment Realization (Q2 of 2020)
Others Others Investment US$US$ 3.1 3.1 B B No Location Project (47.0%)(47.0%) (USD Million) 1 West Java 1.352,2 3.529 2 Special Territory of Jakarta 847,1 3.002 3 East Java 535,6 1.011 4 Central Sulawesi 447,7 123 5 Banten 411,0 1.472 6 Others 3.186 5.302 TOTAL 6.779,6 14.439
National Domestic Direct Investment Realization (Q2 of 2020) Investment No Location Project (USD Billion) Special Territory of 1 Jakarta 17.863,2 2.469 2 East Java 11.878,6 2.787 3 West Java 8.531,4 1.991 4 Banten 7.720,3 1.908 5 Riau 7.151,8 862 6 Others 41.140,9 11.894 TOTAL 94.286,2 20.219
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE TOTAL INVESTMENT REALIZATION
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REALIZATION OF FDI BY LOCATION
2020 No. Location Project Investment (US$ Million) 1 West Java 3,529 1,352.2 2 Special Territory of Jakarta 3,002 847.1 3 East Java 1,011 535.6 4 Central Sulawesi 123 447.7 5 Banten 1,472 411.0 6 Riau Islands 394 367.4 7 Southeast Sulawesi 47 306.0 8 Central Java 841 305.0 9 North Sumatera 456 275.2 10 South Sumatera 176 269.4 11 North Maluku 30 226.0 12 West Kalimantan 257 198.7 13 Riau 244 197.8 14 South Kalimantan 61 160.5 15 Bengkulu 23 131.3 16 East Kalimantan 191 108.7 17 Lampung 76 81.0 18 West Nusa Tenggara 330 75.6 19 Central Kalimantan 163 62.4 20 Papua 59 56.7 21 North Sulawesi 97 50.4 22 Bali 1,066 49.9 23 North Kalimantan 44 47.9 24 West Sumatera 92 45.3 25 South Sulawesi 131 40.4 26 East Nusa Tenggara 85 36.0 27 Gorontalo 16 29.7 28 Aceh 52 24.6 29 Bangka Belitung Islands 62 23.8 30 Jambi 96 12.2 31 Maluku 11 2.4 32 Special Territory of Yogyakarta 168 0.8 33 West Sulawesi 15 0.8 34 West Papua 19 0.0 Total 14,439 6,779.6 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REALIZATION OF FDI BY SECTOR
FOREIGN DIRECT INVESTMENT (FDI) REALIZATION BASED ON SECTOR APRIL - JUNE (QUARTER II) 2020
2020 No. Sector Top 5 Sectors Project Investment (US$ based on Foreign Direct Million) Investment Value 1 Electricity, Gas, and Water Supply 294 1,463.1 2 Metal. Except Machinery. and Equipment Industry 513 1,326.8 3 Transportation, Warehouse, and Telecommunication 373 648.5 21,58% 4 Housing, Industrial Estate, and Office Building 609 526.2 Electricity, Gas and Water Supply 5 Food Industry 1,246 504.3 6 Mining 310 391.6 7 Chemical and Pharmaceutical Industry 821 346.5 19,57% 8 Other Services 2,138 263.4 Metal, Except Machinery, and Equipment Industry9 Vehicle and Other Transportation Industry 586 199.3 10 Food Crops, Plantations, and Livestock 561 188.2 11 Trade and Reparation 2,689 178.1 9,56% 12 Other Industries 417 142.0 13 Paper and Printing Industry 217 106.1 Transportation, Warehouse, and Telecommunication14 Construction 173 101.5 15 Machinery, Electronic, Medical Instrument, Precision, Optical, and Watch Industry 604 94.6 16 Textile Industry 553 81.3 7,76% 17 Rubber, Rubber and Plastic Based Goods Industry 461 58.7 Housing, Industrial Estate, and Office Building18 Non Metallic Mineral Industry 165 50.0 19 Hotel and Restaurant 1,216 48.7 20 Leather Goods and Footwear Industry 202 38.9 7,43% 21 Forestry 49 9.8 Food Industry 22 Wood Industry 177 6.4 23 Fishery 65 5.6 Total 14,439 6,779.6
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REALIZATION OF FDI BY COUNTRIES
TOTAL INVESTMENT VALUE $ 13.583,2 M / Rp 199 Triliun
NUMBERS OF PROJECTS 25.110 projects
LABOR ABSORPTION FDI263,109 BYpeople COUNTRIES 4. Netherlands 3. South Korea $503 M 1. Japan 19,7 Others $683 M % $1.213 M 5,9 Malaysia % 5. Malaysia 2. Singapore 8,9 $795,6 M Japan % $4.673,4 M 13,2 Hongkong %
17,9 Tiongkok %
34,4 Singapore %
0 10 20 30 40 50 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REALIZATION OF DDI BY LOCATION
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Source: BKPM REALIZATION OF DDI BY SECTOR
2020 No. Sector Project Investment (RpBillion)
1 Transportation, Warehouse, and Telecommunication 821 17,724.8
2 Construction 1,604 11,826.7
3 Food Industry 1,785 10,767.5 Top 5 Sectors based on 4 Electricity, Gas, and WaterSupply 492 9,395.8 Domestic Direct Investment Value 5 Food Crops, Plantations, and Livestock 1,010 8,698.9 6 Housing, Industrial Estate, and OfficeBuilding 1,134 7,592.0
7 OtherServices 1,914 4,939.5 18,79% 8 Chemical and Pharmaceutical Industry 595 4,701.8 Transportation, Warehouse, and Telecommunication9 Trade and Reparation 6,489 4,558.7 10 Mining 411 3,760.4
11 Hotel and Restaurant 1,328 2,449.4 12,54% 12 Metal. Except Machinery. and EquipmentIndustry 416 1,569.4 Construction 13 Paper and PrintingIndustry 251 1,233.8 14 Non Metallic MineralIndustry 187 1,126.2
15 Vehicle and Other TransportationIndustry 118 1,004.7
11,42% 16 Rubber, Rubber and Plastic Based Goods Industry 461 960.0
Food Industry 17 TextileIndustry 374 589.8
18 OtherIndustries 266 464.6 9,96% 19 Machinery, Electronic, Medical Instrument, Precision, Optical, and WatchIndustry 193 250.1 20 Forestry 61 202.1 Electricity, Gas, and Water Supply 21 WoodIndustry 197 199.8
22 Leather Goods and Footwear Industry 54 139.9 9,22% 23 Fishery 58 130.5 Food Crops, Plantations, and Livestock Total 20,219 94,286.2
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INVESTMENT INCENTIVES INVESTMENT INCENTIVES TO BOOST INDUSTRY SECTOR
BUSINESS EXPANSION INDUSTRIAL ZONE
• Tax allowance • VAT exemption on import or delivery of capital goods, • Exemption or relief of import duty on capital goods, machinery or • Import Duty exemption on machineries/goods/ equipment for production purposes that can not be produced materials, domestically; • Tax Allowance and Tax Holiday • Exemption or relief of import duty on raw materials or auxiliary material for production purposes for a certain period of time and certain conditions; • Exemption or suspension of VAT on the import of capital goods or machinery or equipment for production purposes that have not been FREE TRADE ZONES AND PORTS produced domestically for a certain period of time; • Accelerate depreciation or amortization (part of tax allowance); and Exemption of: • Property tax relief, especially for certain business sectors in certain • Import Duty regions; • VAT • Combine with Online Single Submission (OSS) • Luxury Goods Sales Tax (PPnBM) • Customs duty MICRO, SMALL, MEDIUM PIONEER INDUSTRIES ENTERPRISES (MSMES) Decreasing MSMEs Tax from 1% to 0.5% of gross Tax holiday of corporate income tax in a certain amount and time revenue
E-COMMERCE SPECIAL ECONOMIC ZONE • Sales from customs areas for non-small • No collection of VAT and Luxury Goods Sales Tax (PPnBM), entrepreneurs/SE through the market place will be • Customs tax exemption, subject to 0.5% income tax and 1% VAT • Tax Allowance and Tax Holiday, • Sales from customs areas for SEs through the • Suspension of Import Duty, market place will be subject to 0.5% income tax • 0% Import Duty for goods produced using local components of a certain level
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE NEW TAX HOLIDAY POLICY
PROVISION BEFORE AFTER
Pioneer industry with min. investment value Pioneer industry with minimum investment value of 500Bn of 1Tn Rupiah (min. Investment value of Rupiah 500Bn Rupiah for telecommunication sector) Applied to 18 industry groups: Applied to 8 industry groups: i) Upstream base metal; ii) Oil and gas refinery; iii) Petrochemical Taxpayer i) Upstream basic metal industry; ii) Oil and (oil, gas, or coal based); iv) Non-organic base chemical; v) Organic gas refinery industry; iii) Organic basic base chemicals; vi) Pharmaceutical materials; vii) Semiconductor chemicals industy; iv) Machinery industry; v) and other components; viii) Communication devices components; Plantation, forest, and fishery products ix) Medical devices components; x) Machine manufacturing for processing industry; vi) Telecommunication, industry; xi) Machine main components manufacturing; xii) information, and communication industry; vii) Robotic components manufacturing; xiiii) Ship components Marine transportation; and viii) Economic manufacturing; xiv) Airplane components manufacturing; xv) infrastructure. Train components manufacturing; xvi) Power plants; and xvii) Economic infrastructure, xviii) Digital Economy
CIT Reduction 10 – 100% 100% (single rate) Rate
5 – 20 years depends on the investment value (in IDR): • Concession 5 – 15 years; or 1. 100Bn-500Bn : 5 years (50%) 5. 15Tn-30Tn : 15 years Period • Can be extended to 20 years; subject to 2. 500Bn–1Tn : 5 years (100%) 6. ≥ 30Tn : 20 years MoF discretion 3. 1Tn–5Tn : 7 years 4. 5Tn–15Tn : 10 years
Transition Not available 50% Corporate Income Tax (CIT) reduction for the next 2 years
After Tax Tax allowance for business expansion can be provided with terms Tax allowance not provided Holiday and conditions applied
Source: KEMENKEU.GO.ID REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE ENHANCING BUSINESS LICENSE SERVICE STANDARD
Enhancing Business License Service Standard
Presidential Regulation to Accelerate Ease of Doing Business has REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE been launched IMPROVING INVESTMENT CLIMATE
Improving Investment Climate Online Single Submission (OSS) Has Been Launched...
OSS is a web-based business licensing system intended to cut the red tape involved in obtaining business permits and integrated between the central government and regional administrations The Advantage of Using OSS
Business licenses can be Standardized business Electronically secured in under an hour licenses are available integrated
The whole licensing Accessible at More practical process is monitored by anytime and the Task Force anywhere
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE IMPROVING INVESTMENT CLIMATE
Improving Investment Climate …Bonded Logistic Center to Improve Indonesia’s Competitiveness Bonded Logistic Center
(Pusat Logistik Berikat/PLB) is a facility provided by Ministry of Finance as part of the implementation of the 1st Economic Policy Package. PLB facility aims to improve efficiency and reduce the cost of transportation and logistics in Indonesia; support the growth of the domestic industry, including small and medium industries; increase investment; and to make Indonesia to become a logistics hub in Asia Pacific.
To date, 52 Bonded Logistic Center has been launched to support various industries.
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE IMPROVING INVESTMENT CLIMATE
Improving Investment Climate …revising the Negative Investment List
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INVESTMENT PROCEDURE PPP SOLICITED SCHEME
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE PPP SOLICITED SCHEME
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INFRASTRUCTURE INVESTMENT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WEST JAVA STRATEGIC PROJECT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WEST JAVA STRATEGIC PROJECT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WEST JAVA STRATEGIC PROJECT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WEST JAVA STRATEGIC PROJECT
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE COLLABORATION MODEL
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE INVESTMENT PROJECTS BIJB AND KERTAJATI AEROCITY
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI AEROCITY
PROJECT OWNER PT. BIJB
Kertajati Aerocity is designed on an area of 3,480 hectares as a supporting facility of West Java International Airport (BIJB)
LOGISTIC HUB FINANCIAL CENTER CREATIVE TECHNOLOGY CENTER VERTICAL HOUSING Warehouse service center The center of business The residential center with and value added for export activities related to creative a supporting area for and import product that Business and trade center technology, pharmaceutical business man and integrated with Cargo above ±426 Ha land area industry, higher education, employees at area Kertajati Village Kertajati and business manufacturing International Airport on ± International Airport (±430 IRR : 20,34% on ± 544 Ha land area 259 Ha land area Ha) NPV : USD 66,3 Million Payback Periode : 18 Years IRR : 16,04% IRR : 15,74% IRR : 17,46% NPV : USD 72,1 Million NPV : USD 15,2 Million NPV : USD 10 Million Payback Periode : 14 Years Payback Periode : 17 Years Payback Periode : 11 Years Contact Person Name : PT. BIJB Aerocity Division Email : [email protected] REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE SUBANG INDUSTRIAL PARK (SIP)
Cooperation : JV/ Cooperation INVESTMENT - INDUSTRIAL AREA ASSET INFORMATION Scheme Land Ownership : PTPN VIII (subsidiary of PTPN III) Land Area : 6.127 ha (HGU, process into HPL) Investment Value : Rp 65 T Investement : 5 years gradually Period Concession Period : 30 years (will be discussed) NPV : Rp 1,03 T IRR : 15,75% Lokasi KI Accessibility : • ± 8 km from the Kalijati toll road gate (Gate 98) • ± 45 km from Patimban Port • ± 60 km from Kertajati Airport • Planned Exit for Cipali KM 120 toll road GENERAL DESCRIPTION • Potential for Cooperation Potensial for : - Cooperation Subang Industrial Park (SIP) is supported by easy access by the Trans Java toll road, Patimbang port and Kertajati Airport. CURRENTLY CONDITION This area also has the potential as a residential area and a commercial area to support industrial activities in industrial estates.
PTPN VIII has signed an MoU with WIKA regarding cooperation in the development of the Subang Industrial Estate, with a total area of 6,127Ha. The first phase development area of ± 487 Ha is in accordance with the RTRW Kab. Subang, and is currently in the making of a Master Plan and Feasibility Study. PTPN VIII and WIKA are currently preparing a Master Agreement for the formation of a PROJECT OWNER JV Company in the development of the Subang Industrial REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE PTPN VIII Estate. CIATER RAYA AREA
Cooperation ASSET INFORMATION : JV / Cooperation Scheme INVESTMENT - TOURISM AREA Land Ownership : PTPN VIII (subsidiary of PTPN III) Land Area : 445 Ha Investment Value : 1,3 T Investment Period : 5 Years Concession Period : 30 Years (to be discussed) NPV : 687 M IRR : 18,46 % Accessibility : •Availability of the Bandung- Lembang-Subang road network and the alternative route to Ciater Location Purwakarta. •± 50 km from Bandung City •± 80 km from the city of Jakarta Potential for : Cooperation
GENERAL DESCRIPTION CONDITIONS AROUND THE LOCATION
The location is in the Ciater tea plantation, Subang Regency, West Java, with the accessibility of the Bandung-Lembang- Subang main road and the Purwakarta alternative, it is planned to build 9 tourist zones and more than 42 unique and different tourist facilities with the concept of developing "Sustainable Agrotourism Tea".
PROJECT OWNER PTPN VIII REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE WALINI RAYA AREA
Cooperation INVESTMENT - INDUSTRIAL AREA ASSET : JV/ Cooperation INFORMATION Scheme Map of Land Ownership : PTPN VIII (subsidiary of PTPN III) 2.334 ha (980 ha and HPL and 1354 Walini Land Area : Raya ha HGU) Investment Value : Will be discussed Area Investement Period : 5 years
Concession Period : 30 years (will be discussed) NPV : - IRR : - Accessibility : • Close to the Cikampek-Padalarang (Cipularang) toll access • ± 76 km from the city of Jakarta • ± 40 km from Bandung City
Potensial for : - Cooperation GENERAL DESCRIPTION CONDITIONS AROUND THE LOCATION
The design concept of Kota Walini Raya with an area of ± 7,600 ha is a developing area in which there is an area of 2,334.30 ha with a land status of 980 ha HPL and 1354 ha of HGU which has the potential to be used as an industrial and commercial area (residential, business and so on).
In the Walini Raya area too, is in the process of developing the Transit of Development (TOD) strategic project for the Fast Train (KCIC) covering an area of ± 1,270 hectares.
PROJECT Currently the areas that are in accordance with the RT RW West OWNER Bandung Regency is still limited to the Fast Train Trase project, while others require adjustments to the RT RW. PTPN VIII REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
K I E M
PROJECT OWNER PT DWIPAPURI ABADI REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
Kertajati International Airport
2 only 5 mins to airport
Jembatan Cimanuk Tol Cipali Exit Toll Km 157 Kertajati
1
1. Planned Toll Road CISUMDAWU
KERTAJATI INDUSTRIAL ESTATE LOCATION3 2. Distance only 5 Minute to BIJB 3. PLTA Jatigede PLTA JATIGEDE Scale : 1 Km
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
Residential Warehouse IKM Area Toll Gate Landfill Kertajati s Industrial Area
Industrial Area Industrial Area
Industrial Area W T P
Business Center
Business Center
Lake
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
G A T E V I E W
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
Kertajati 5 Minutes International A i r p o r t Kertajati Airport is the second largest airport in Indonesia, after Soekarno-Hatta airport. Future development plans include a 3400 ha aerocity, which will make the Kertajati Airport the largest air-hub of Indonesia.
TRANSPORTATION CONNECTIVITY
Toll Exit Toll Patimban Road Kertajati ±80 km Deep International Toll Gate • Java North Rim Toll Seaport (Jakarta - Majalengka - Surabaya) • Cisumdawu Toll (Bandung - • 1,5 Million TEUs (2019)
Majalengka) • 7,5 Million TEUs (2027) • Cipali Toll (Cirebon - Majalengka)
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
JAKARTA 157 km Toll Road
HALIM Patimban Planned Seaport toll road K Cirebon is growing KARAWAN m metropolitan city that G 89 offers a more affordable Jakarta’s tropical Kertajati climate has an lifestyle than Bandung Internationa and Jakarta. average of 24 - 32 l Airport c and offers world- class facilities KERTAJATI 30 km Toll comparable to Km 157 RoadCIREBON those of major Exit toll metropoiltan cities around.
EASY INLAND WALIN 50 km ACCESS I Cileunyi Cutti Toll Road BANDUN Embank ng ment G TEGAL LUAR 19. 25.5 2 8 km T O T A L As a capital of West Java, is located in the mountainous region km (16.57% 142.3 of the state. The city has a cool climate with an average (13.4 ) 9%) km temperature of 17-25 c Tunnel Elevate (100%) 16.8 d 82.7 2 Est. Time km 45 Mins km (58.12% (11.82 ) %)
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
ELECTRICITY PLN Indonesia Electric substation (Special agreement with PLN)
Green Certified Energy Supply
Guarantee without power outage, if there will be compensation (Customer Premium)) ELECTRICITY G A S A N D WATER
WATER GAS PDAM Indonesia PGN Indonesia
Year-round clean water PGN has sustainably supply from cimanuk river integrated its natural gas business chain 4 ha on-site water retention from upstream to pond with 8 meters depth downstream to service the public. On-site water waste treatment
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE KERTAJATI INDUSTRIAL ESTATE MAJALENGKA
RAPBN Indonesia 2019 West Java + DKI Jakarta + Banten Population Number Regional Income
2.439,7 T Indonesia 267 m DKI Jakarta RAPBD Jawa Barat 2019 Rp. 3.900.000 Java 150,4 m Karawang Rp. 4.230.000 37,05 T West Java Cilegon Rp. 3.913.078 Dki Jakarta 84.630 m RAPBD DKI 2019 Bandung Rp. 3.339.580 Banten 89,08 T Majalengka Rp. 1.791.636 RAPBD Banten 2019 12,31 T Total 3 Provinsi = 138,45 T GDP Indonesia 2018 14.837,4 T
INDONESIA W E S T J A V A MAJALENGKA
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY
HEAD OFFICE Jakarta Street No. 40 Bandung, West Java 40272 Telp : (022) 20504443 Fax : (022) 20504874
REPRESENTATIVE OFFICE Wisma Staco Lt. 7 Casablanca St. Kav. 18 Jakarta 12870 POTENTIAL INVESTMENT IN WEST JAVA Telp : (021) 829 8417 Greater Cirebon Regional Solid Waste Treatment and Final Disposal Fax : (021) 835 5341 Project
BANDUNG, AUGUST 31ST 2020
http://www.migashulujabar.co.id
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment GREATER CIREBON REGIONAL SOLID WASTE TREATMENT AND FINAL DISPOSAL PROJECT
PT MIGAS HULU JABAR PROFILE
100% Harian Bisnis Newspaper Friday, 3rd July 2020
100% 62.13%
Begin Troys Direktur Utama MUJ
Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment GREATER CIREBON REGIONAL SOLID WASTE TREATMENT AND FINAL DISPOSAL PROJECT
Service Area Waste capacity : 1.000 tpd
Final Product : RDF / SRF Waste Treatment Capacity : 350 tpd Mechanical Biological Treatment (MBT)*
According to Governor Decree regarding the location of TPPAS Cirebon Raya is located Cupang Village and Walahar Village, Gempol Sub-district and Ciwaringin Revenue Village Ciwaringin Subdistrict, Cirebon Regency. • RDF / SRF Sales • Tipping Fee (Government) Land Areas : 52 Hectares
*open for alternative technology to maximize potential revenue
Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment TPPAS CIREBON RAYA – SITE MAP
Processing plant 10-15 Ha
No. Parameter Description (Status)
1. Land Use Forestry Permit (ongoing by government)
2. Environmental Permit AMDAL (on going by Government)
3. DED and FS for Supporting Done (Government) Facilities
Land Areas: 52 Hectares 4. DED and FS for Processing On plan preparation (JCV) managed by Perum Perhutani Area (BUMN)
65 Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment TPPAS CIREBON RAYA – FIELD SITUATION
Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment BUSINESS SCHEME
Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment
CAPITAL EXPENDITURE (CAPEX) CALCULATION OF ECONOMIC MODEL SUPPORTING PROCESSING Waste Capacity ton/day 1,000 NO. COMPONENTS FACILITIES PLANT Product Capacity ton/day 350 Value (USD) Product RDF/SRF A Investment Cost CAPEX 100% $ 30,474,044 1 Mechanical and Electrical Equipment - 12,415,103 2 Vehicle 827,586 1,697,241 Loan 70% $ 21,331,831 3 Civil Works 22,147,285 7,524,903 Equity 30% $ 9,142,213 4 Land & Installation - 796,565 Interest Rate 6.00% 5 Other Cost (include Tax) 2,327,795 5,359,831 Tenor Years 8 SUBTOTAL A 25,302,666 27,793,643 Grace Period Years 1 B Pre Operation Cost 1 Sallary 959,786 1,056,138 2 Fuel - 527,075 OPEX $ 2,680,401 3 Maintenance - 596,952 Tipping Fee Rate /ton $ 17.24 4 Other Cost - 500,236 RDF / SRF Price /ton $ 13.79 SUBTOTAL B 959,786 2,680,401 SUBTOTAL A+B 26,262,452 30,474,044 GRAND TOTAL 56,736,496 Economic Model SCOPE OF INVESTMENT Average Annual Profit $ 2,357,240 IRR Equity 17.50% Profitability Index 3.56 NPV (6%) $ 63,828,131 STRATEGIC Payback Period Years 7.39 PARTNER JVC
SUPPORTING PROCESSING FACILITIES PLANT
68 Jujur, Unggul, Andal, Responsif, Akuntabel
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment TIME SCHEDULE
Feasibility Study (Q2) CONSTRUCTION
2020 2021 2022 2023
Release of Assignment Beauty Contest Signing agreement Financial Close Commissioning Governor Regulations Bidding between JVC and (Q4) (Q1) Government (Q2) (Q4) (Q4)
PT MIGAS HULU JABAR (PERSERODA) PROVINCIAL OWNED COMPANY REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE Greater Cirebon Regional Solid Waste Treatment
Waste Processing Facility (MBT) = OPERATION & MAINTENANCE COST (PER YEAR) = Rp.406.735.361.344,00 Rp.38.861.011.708,00
No Item Total Cost (Rp) No Item Total Cost (Rp) I INVESTMENT COST II OPERATION AND MAINTENANCECOST Mechanical and Electrical Equipment II.1 Operation Cost TOTAL Mechanical and Electrical (A) 179,778,988,455 Sallary Vehicle Sub-total Sallary (A) 15,314,000,000 TOTAL Vehicle (B) 24,610,000,000 Fuel Civil Works Sub-total Fuel (B) 7,642,589,025 TOTAL Civil Work ( C ) 109,111,100,000 Others Distribution Sub-total others ( C ) 7,253,420,914 TOTAL Distribution (D) 15,547,789,885 SUB-TOTAL OPERATION COST (A+B+C) 30,210,009,939 TOTALCONSTRUCTION COST (A+B+C+D) 329,047,878,339 Project Management 7,510,946,958 II.2 Maintenance Cost VAT 31,900,008,845 1 Mechanical and Electrical 5,098,890,769.09 Pph Import 1,551,150,644 2 Vehicle 2,461,000,000.00 Test and Commissioning 11,381,002,485 3 Building 1,091,111,000.00 IDC 25,344,374,073 Sub-total Maintenance Cost 8,651,001,769.09 TOTAL INVESTMENT 406,735,361,344 TOTAL OPERATION AND MAINTENANCE COST 38,861,011,708
TOTAL = MBT FACILITY + O&M COST INVESTMENT = Rp. 406.735.361.344,00 + Rp.38.861.011.708,00 = Rp.445.569.373.052,00 or USD 29.704.624,87
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REGIONAL SPAM DEVELOPMENT PLAN CIREBON RAYA METROPOLITAN (JATIGEDE) GENERAL OVERVIEW SPAM JATIGEDE
Service Area Sumedang, Majalengka, Indramayu, Cirebon, Cirebon CIty
Capacity
1.500 Liter/second Source of Raw Water Jatigede Dam Benefit Recipients
600 thousand people atau 120.000 SR Regional Master Plan Available (2016 Prov APBD) Feasibility Study Available (APBN – 2014) Scope of Activities AMDAL Study Available (2015 Prov APBD, 2019 FY review) 1. Intake (2000 L/second) Detail Engineering Desain Available (2014 Prov APBD, review 2017) 2. Water Treatment Plant (IPA) (1500 L/second) 3. Main Distribution Network Mutual Agreement Available 4. Reservoir Offtake Cooperation Agreement Not Available PrepeAvailable (2018 APBN – BPPSPAM Invesment Estimates OBC Preparation KemenPUPR) PROJECT OWNER DINAS PERUMAHAN DAN RP. 2,1 Trillion PERMUKIMAN (DISPERKIM) REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REGIONAL SPAM DEVELOPMENT PLAN CIREBON RAYA METROPOLITAN (JATIGEDE) NO COST DESCRIPTION TOTAL COST A CONSTRUCTION COSTS (PHYSICAL) 1.173.576.501.451 I RAW WATER UNIT 70.745.480.286 1 Cilutung Intake Building 27.111.109.616 2 Cilutung - Kadipaten Raw Water Transmission Pipe (HDPE Pipe ND.1.200 mm, 2,000 m) 43.634.370.669
II PRODUCTION UNIT 189.210.843.330 1 IPA Kadipaten Capacity 3 x 500 l/d 157.702.659.081 2 Reservoir Capacity 3 x 5000 m3 and Pumping System 31.508.184.249
III DISTRIBUTION UNIT 1.419.040.762.177 1 JDU Kadipaten Pipe - Tomo (HDPE Pipe ND 300 mm, 9.824 m) 17.512.602.977 2 JDU Kadipaten Pipe - Kertajati (HDPE Pipe ND 800 mm, 16.270 m) 247.828.551.854 3 JDU Kertajati Pipe - Jatibarang (HDPE Pipe ND 800 mm, 6.166 m and ND 700 mm, 17.847 m) 248.579.622.889 4 JDU Jatibarang Pipe - Karang Ampel (HDPE Pipe ND 700 mm, 22.813 m) 198.128.091.261 5 Offtake Kertajati Pipe (HDPE Pipe ND 400 mm, 4.000 m) 9.181.410.308 6 Offtake Kertajati Pipe (HDPE Pipe ND 400 mm, 907 m) 2.155.799.525 7 JDU Kadipaten Pipe - Simpang Offtake Jatiwangi (HDPE Pipe ND 900 mm, 12.354 m) 167.288.151.188 8 JDU Simpang Offtake Jatiwangi Pipe - Simpang Offtake Babadan (HDPE Pipe ND 900 mm, 26.846 m) 363.520.933.056 9 JDU Simpang Offtake babadan Pipe - Offtake Kepompongan (HDPE Pipe ND 9700 mm, 11.185 m) 151.457.210.327 10 Offtake Babadan Pipe - (HDPE Pipe ND 400 mm, 5.960 m) 13.388.388.792
IV OFFTAKE RESERVIOR BUILDINGS 34.579.415.658 1 Reservior 900 m3 Capacity and Pumping System (Tomo) 2.483.135.295 2 Reservior 4.500 m3 Capacity and Pumping System (Kepompongan) 9.460.877.415 3 Reservior 2.200 m3 Capacity and Pumping System (Kerangkeng) 6.777.502.438 4 Reservior 1.750 m3 Capacity and Pumping System (Kertajati) 4.358.624.465 5 Reservior 1750 m3 Capacity and Pumping System (Jatibarang) 4.358.624.465 6 Reservior 900 m3 Capacity and Pumping System (Jatiwangi) 2.782.009.115 7 Reservior 1.750 m3 Capacity and Pumping System (Babadan) 4.358.624.465
B NON CONSTRUCTION COST (NON PHYSICAL) 22.219.832.401 I BUP Preparation Cost 0,20% 3.418.435.754 II Permit Cost 0,40% 6.836.871.508 III DED Cost 0,30% 5.127.653.631 IV Supervision Cost 0,30% 5.127.653.631 V Insurance Cost 0,10% 1.709.217.877
Total A + B 1.735.796.333.852 PPN 10% 173.579.633.385 Contingency 7.5% 130.184.725.039
Grand Total 2.039.560.692.276 REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REGIONAL SPAM DEVELOPMENT PLAN CIREBON RAYA METROPOLITAN (JATIGEDE) TOTAL COST OPTION 2 FINANCING (Rp.) Constant Price APBN CK + APBN SDA KPBU VGF (Rp Million) APBD West Java Province 2.039.627 70.745 1.131,962 836,920 393,352 41,5% 100% 4% 55% 53% 47%
INVESTMENT FEASIBILITY ANALYSIS RESULTS KPBU KPBU DESCRIPTION without with Unit - Dividends for the 30 years of cooperation VGF VGF
PROJECT CAPITAL STRUCTURE (2020-2025) Equity (Equity the business entity) Loans (Investment & Working Capital Loans)
Early year of cooperation - Principal Loan Value Million End of year cooperation - Total Interst Payment Million Income divided by the volume of water sold - Equity Investor_Early Invesment Million Bulk Water Income - Equity Investor_Operating Cash Deficit Million Million % increase in bulk water prices INDICATORS OF FEASIBILITY_INVESTOR / BUSINESS ENTITY Period for Increasing Drinking Water Rates Increase in Drinking Water Rates starting from Year
PDAM Cirebon City Average of Ideal Bulk Selling Price of Water WORTH (Cash flow is not negative to cover loan interest)
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE REGIONAL SPAM DEVELOPMENT PLAN CIREBON RAYA METROPOLITAN (JATIGEDE) CHRONOLOGICAL PREPARATION AND PROGRESS:
Compilation of FBC 18 October 2019 Market Sounding Cooperatio at the West Java n Invesment Compilation Operationa Agreement Summit of RDS l Compilation Request for Constructio of OBC Proposal n
Dec 2018 2019 2020 2021 Bid Award 2022 2023 December 2019 Compilation Financial Pre PDF application to of AMDAL Qualification Close the Ministry of Monitoring and Evaluation Finance;
Land Acquisition and 10 September 2019 Permits Jatigede SPAM PJPK Complete the PDF Letter requirements to the Ministry of Finance Note: current progress
REGIONAL INVESTOR RELATIONS UNIT BANK INDONESIA WEST JAVA PROVINCE CENTRAL BANK OF INDONESIA
THANK YOU
Bank Indonesia West Java Province Dinas Penanaman Modal dan Pelayanan Braga Street No. 108 Bandung, West Java, Indonesia Terpadu Satu Pintu (DPMPTSP) Phone : +62 - 22-422 4500 & +62 - 22 423 0223 Ext 8363 Windu Street No. 26 Bandung, West Java, Indonesia Fax : +62 – 22 – 421 4326 Phone : +62 – 022 – 7351 5000 Fax : +62 – 022 – 7351 5151 Person In Charge : Mrs. Poppi +62 812 2431 6626 Person In Charge : Mr. Azhar +62 8139 9168 4869 Mrs Karina [email protected] +62 821 2929 7792 www.investasi.jabarprov.go.id