Jasa Marga Update 1Q2021olders Meeting 1 August 2019 Company Overview

Jasa Marga Update 1Q2021olders Meeting 1 August 2019 Company Overview

Jasa Marga Update 1Q2021olders Meeting 1 August 2019 Company Overview 2 Company Highlights Brief Snapshot Company Highlights • Leading toll road operator in Indonesia with more than 40 years of • Largest toll road operator in Indonesia with 67% market share in experience. term of operated commercial toll roads lengths (± 1,214 km). • 34 toll road concessions with total length of 1,603 km. • The longest concession period holder in Asia reflecting stable • 70% shares owned by the Government of Indonesia. income. • Listed on the Indonesia Stock Exchange since 2007, with a market cap • Strategically important with strong government ownership. Rp29.3 trillion as of 31st March 2021. • Resilient industry with strong government focus. • Key business • Strong financial profile with promising growth going forward. • Construction, operation and maintenance of toll road • Supporting business / other business • Toll Road Operation Services (Provides operation services for Jasa Marga Group and other toll road investors) Vision & Mission • Toll Road Maintenance Services (Provides maintenance services for Jasa Marga Group and other toll road investor) To be the largest, trusted and sustainable national toll Vision road network company. • Prospective Business (Manages rest areas and other properties on toll road corridors) 1Q2021 Revenue Breakdown 1. Lead toll road business along the end-to-end value chain professionally and continuously to improve National connectivity. 2. Optimize regional development for community progress. Mission 3. Increase value for shareholders. 4. Enhance customer satisfaction through service excellence. 5. Encourage the development and enhancement of employee performance in a harmonious environment. 3 Company Key Development Milestone ✓Government offered the opportunities ✓Jasa Marga was established with for the private sector to participate in focus on business management, toll road business through Build, maintenance and procurement of Jasa Marga became a public Operate and Transfer (BOT) system the toll road network. The authority function was returned company through an Initial Public with Jasa Marga. to the Government, Toll Road Offering (IPO) and listed its shares ✓Jagorawi as the first toll road in ✓Jakarta Toll roads operated by Jasa Regulatory Agency (BPJT) under the on the Indonesia Stock Exchange. Indonesia began its operation. Marga initiated its operations Ministry of Public Works. gradually. 1978 1987 2004 2007 ✓ Successfully doubled our business by operating 28 toll road ✓Fully implemented electronic ✓ Operated 24 toll road concessions (±1,162 km) ✓ Still manage to operate 1,191 km payment system in all toll roads concessions (±1,000 km) ✓ Issue alternative financing ✓ Issue alternative financing ✓Issue alternative financing ✓ Issue alternative financing product: Infrastructure product “Commercial Paper” and product: Securitization, Project product: Mutual Fund Limited Investment Mutual Fund (KIK also Continuing Public Offering Bond, Komodo Bond. Participation (Reksa Dana DINFRA) and Sukuk Ijarah, both at Bond Phase I Penyertaan Terbatas) Gempol Pandaan Toll Road 2017 2018 2019 2020 4 Company Structure Jasa Marga has 13 concession of toll roads which operated by Branches (mature toll roads) and 21 concession of toll roads which operated through subsidiaries. Shareholders Structure Government Parent Level of Indonesia (“GOI”) 1. Cawang-Tomang-Pluit (Jakarta Inner Ring Road) 2. Prof. Dr. Ir. Sedyatmo (Airport) 3. Padalarang Ministry of State-Owned Enterprises 4. Cileunyi (“MSOE”) 5. Jakarta-Cikampek 6. Palikanci 7. Jagorawi 70% 8. Surabaya-Gempol 9. Semarang 10. Jakarta Outer Ring Road 11. Ulujami-Pondok Aren Public 30% 12. Jakarta-Tangerang 13. Belmera As of 31st May 2021 PT Jasamarga Related Business 45% 40% 99.9% 43.77% 50.91% 43.00% PT Jasamarga Japek PT Jasamarga Selatan Jogja Bawen 60% 80% 67.17%63% Toll Road Subsidiaries Other Business Subsidiaries 5 Strong Corporate Governance and Highly Qualified Management Team Experience management with over 20 years of experience, deep understanding on the industry/sector, and long-term relationship with stakeholders. Subakti Syukur – President Director • Indonesia citizen, 58 years old, appointed through Annual GMS on 11th June 2020. • Joined Jasa Marga since 1986 and has working experience in toll road operations more than 20 years. Previously served as Director of Operation PT Jasa Marga (Persero) Tbk • Completed Bachelor Degree in Civil Engineering from Bandung Institute of Technology (1986) and Master degree in Management from University of Kristen Indonesia (2010). Donny Arsal – Director of Finance • Indonesia citizen, 50 years old, appointed through Annual GMS on 15th March 2017. • Has working experience in Financial sector more than 23 years. Previously served as Managing Director PT Mandiri Sekuritas for Investment Banking Division. • Completed Bachelor Degree in Economics from University of Indonesia (1994). Mohamad Agus Setiawan – Director of Business • Indonesia citizen, 49 years old, appointed through Extraordinary GMS on 27th May 2021. • Joined Jasa Marga since 1996. Has working experience in toll road industry more than 20 years. Previously served as Corporate Secretary Jasa Marga (2017-2021)and President Director of PT Jasamarga Pandaan Malang (2016-2017). • Completed Bachelor Degree in Civil Engineering from Bandung Institute of Technology (1995) and Master Degree in Road Network Management Engineering, in collaboration with the Department of Public Works and Parahyangan University, Bandung (2009). Fitri Wiyanti – Director of Operation • Indonesia citizen, 46 years old, appointed through Annual GMS on 11th June 2020. • Joined Jasa Marga since 1998 and has working experience in toll road operations more than 20 years. Previously served as Operation and Maintenance Management Group Head . • Completed Bachelor Degree in Mechanical Engineering from University of Indonesia (1997). Arsal Ismail – Director of Development • Indonesia citizen, 56 years old, appointed through Annual GMS on 11th June 2020. • Has working experience and major success in many business fields such as coal & mining, toll roads and airplane charters. Previously served as President Director of PT Nuansa Cipta Coal Investment, PT Putra MubaCoal and PT Bhumi Sriwijaya Perdana Coal which carrying out activities in the coal sector. • Completed Bachelor Degree in Management at Janabadra University (1988) and Master Degree in Business Administration & Policy from University of Indonesia. Enkky Sasono A.W. – Director of Human Resources and Transformation • Indonesia citizen, 54 years old, appointed through Annual GMS on 11th June 2020. • Has working experience in Human Resource Development more than 20 years. Previously served as President Director of PT Jasamarga Bali Tol, one of toll road subsidiaries of Jasa Marga • Completed Bachelor Degree in Industrial Engineering from Mercu Buana University (2016) and Master Degree in Human Resource Management (2001). 6 Industry Overview 7 Overview of the Indonesian Toll Regulation Advantages of Highly Regulated Industry • Certainty of tariff increase every two years according to regulation • The timing of the land acquisition process is faster, if any dispute is decided by the court • Potential for efficiency from cashless transaction Overview of The Authorities Toll Tariff Government of Indonesia • Initial toll tariff is calculated based on • investment feasibility, toll road user’s ability to pay and vehicle operating cost saving • Initial toll tariff is stipulated in concession agreement prior to start Ministry of State- Ministry of of construction Owned Enterprises Public Works • Tariff adjustment is regulated by law, is calculated based on regional CPI and is adjusted once every 2 years Indonesian Toll Road Directorate General • Initial toll tariff setup and subsequent adjustment is decided by Authority (BPJT) of highways Minister of Public Works decree Concession − The ministry may postpone tariff increases if a toll road fails to agreement Concession comply with minimum service standards Private toll agreement road investors Concession Agreement Method Land acquisition Tender Acquisition Unsolicited • Land acquisition is government’s responsibility and is undertaken by land procurement committee appointed by the Government 100% Cashless Transaction • The land acquisition comprises four stages: planning, preparation, execution and delivery ▪ High efficiency on collection expanse and faster transaction period that − The law also regulates a deadline for land acquisition of 312 to a will reduce traffic flow, minimize the cost of providing change and cash maximum of 552 working days handling and Toll Revenue Security and minimize the potential for any • Price is determined by independent appraiser based on fair market authenticity toll payment instrument price ▪ Improving the Quality of Operational Human Resources (improving health • Investors may provide bridge financing for land acquisition costs to quality of toll collectors), increase transaction capacity without having to speed up the acquisition process, government will repay the add transaction point and efficiency of toll collecting costs investors for the land acquisition costs 8 Environment in Toll Road Industry Commercially Land Acquisition Long-Term Feasible Project Contract Since 2016 as fully implemented the Law of land acquisition, the progress of land To ensure the project has adequate The concession of toll road is around acquisition has increased. return to attract

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    23 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us