Singapore Kuala
Lumpur
SMGR
2
1
3 4
5
1 1
6
7
2
1. SEMEN INDONESIA 29.5 mn ton
- Semen Padang : 7.3 mn ton
- Semen Gresik : 14.4 mn ton
- Semen Tonasa : 7.8 mn ton
2. Semen Andalas
2
1.6 mn ton 3. Semen Baturaja
1.3 mn ton 4. Indocement TP
20.5 mn ton 5. Holcim Indonesia 12.1 mn ton
6. Semen Bosowa 6.0 mn ton
7. Semen Kupang 0.5 mn ton
TOTAL 71.5 mn ton
• Design Capacity : 68.0 mio tons
71.5 mio tons 82.2 mio tons
• Production Capacity : 55.2 mio tons 60.0 mio tons
69.8 mio tons • Domestic Growth
: 5.5 6.0
6.0 • Domestic Utilization : 99
99 95
•Supply
Domestic : 58.0 mio tons
61.0 mio tons 65.8 mio tons
Export : 0.5 mio tons
0.5 mio tons 0.5 mio tons
Import : 3.3 mio tons
2
3.0 mio tons
3
3.0 mio tons
3
1 Based on the Company’s forecast
2 Imported cement by PT Semen Andalas 1.0 mio ton and clinker by Bosawa and Kupang 3 Imported cement clinker
DOMESTIC CAPACITY 2014 CEMENT INDUSTRY
2013 2014F
1
2015F
1
‘000 tons
ton ‘000 2013
2014F 2015F
2016F 2017F
Installed Capacity 68,000
71,500 82,200
97,800 100,800
Real Production 55,200
62,205 69,870
78,240 85,680
Consumption 58,580
62,095 65,820
69,770 73,956
Surplusdeficit -3,380
110 4,050
8,470 11,724
Domestic Utilization 100
100 94
89 86
Export 500
500 500
500 500
Domestic Consumption Growth
5.5 6
6 6
6
20.000 40.000
60.000 80.000
100.000 120.000
2013 2014F
2015F 2016F
2017F
Design Capacity Real Production
Consumption Cement
No Company
Targeted Plant Location
Declared Capacity mn tons
Prognose Design Capacity mn tons
Investment US mn
Remarks + Local Partner
1 Siam Cement Thailand
West Java 1.8
1.8 360
Greenfield, Sukabumi 2
CNBM China Central Java
2.4 350
Greenfield, Semen Grobogan 3
Semen Merah Putih Banten
11.5 3.0
n.a Greenfield PT Cemindo Gemilg
4 Anhui Conch Cement
China - Tanjung
- Tanah Grogot - Pontianak
- West Papua Various
- South Kalimantan - East Kalimantan
- West Kalimantan - West Papua
13.7 3.8
3.8 3.8
2.4 3.0
2,350 400
600 600
750 Greenfield
Greenfield Greenfield
Greenfield Greenfield
5 Ultratech
Wonogiri, Centr Java 4.5
827 Greenfield
6 Semen Puger
East Java 0.6
n.a Upgrading
7 Semen Barru
South Sulawesi 3.3
470 Greenfield South Sulawesi
8 Semen Panasia
Central Java 2.0
1.5 240
Greenfield Banyumas 9
Jui Shin Indonesia West Java
1.5 1.5
n.a Greenfield Karawang
T O T A L 40.3
10.8 4,470
New Cement Capacity from Existing Players 2013 – 2017
No Company
Targeted Plant Location
Declared Capacity mn tons
Prognose Design Capacity mn tons
Investment US mn
Remarks
1 Semen
Indonesia Java, Sumatera,
Sulawesi 11.5
9.0 970
Upgrading + greenbrownfield
2 Indocement
Java, Kalimantan 8.8
6.3 1,560 E
Cement Mill + browngreenfield
3 Holcim
East Java 3.8
3.4 680 E
BrownGreenfield 4
Bosowa Java, Sulawesi
7.9 3.4
620
Cement
Mill + Brownfield 5
Semen Andalas Sumatera
1.6 300
Greenfield 6
Semen Baturaja Sumatera
2.6 1.5
325 GreenfieldBrownfield
T O T A L 36.2
23.6 4,130
Source: Deutsche, Indonesia Cement Association
229
kg
200 400
600 800
1.000 1.200
1.400 1.600
1.800
C hin
a Si
nga po
re M
ala ys
ia Vi
etn am
Th aila
nd In
do ne
sia Ph
ilippi ne
s In
di a
kgcapita
Source: Indonesian Cement Association BPS Statistic
Growth :
1.1
Growth :
9.7
Growth :
4.2
Growth :
1.8
Growth :
6.6
Growth :
5.8
Growth :
19.4
Domestic consumption LHS GDP growth RHS
mio tons
40,8 48,0
54,9 58,0
9,2 39,1
27,2 27,5
30,2 31,5
32,1 34,2
38,1
6,10 6,00
5,70 6,80
5,6
4,7 5,1
5,4
4,4 6.3
6.1 4.60
6,50
1.3 5,5
14,5
6.0 11.5
4.2 9.7
2.5 6.6
1.8 1.1
5.8 17.7
0,0 10,0
20,0 30,0
40,0 50,0
60,0
2002 2003
2004 2005
2006 2007
2008 2009
2010 2011
2012 2013
2M2014 0,0
10,0 20,0
Cement growth RHS
5 10
15 20
25 30
35 40
45
1997 1999
2001 2003
2005 2007
2009 2011
2013
21,0 18,1
16,9 20,0
22,7 23,7 23,7
25,2 25,5
26,9 28,2
32,2 32,8
34,2 39,2
44,1 45,7
6,5 1,0
1,9 2,3
3,0 3,5
3,8 5,0
6,0 5,1
6,0 5,9
6,2 6,6
8,8 10,8
12,2
Bagged Cement Bulk Cement
Bag and Bulk cement consumption million tons
Source: Indonesia Cement Association and the Company’s data
Retail residential sector is the largest consumer of cement in Indonesia
Bag
79 Bulk
21
Key Drivers of Domestic cement demand:
• National Economic Growth • Favorable Interest Rate Environment
• Infrastructure Expansion • Per Capita Consumption increase from
current low levels
•
Ready-mix infrastructure:
±
60
•
Fabricator pre-cast, fiber cement, cement based industry:
±
35
•
Projects mortar, render:
±
5
•
Housing:
±
90
•
Cement based industry:
±
10
± ±
Source: Internal Research
Together We Build a Better Future
SOURCES : DIREKTORAT JENDERAL BINA MARGA
Bakaheuni - Indralaya Indralaya - Pekanbaru
Pekanbaru - Medan Medan - Aceh
Development Phases: Phase I 2015-2020
- Bakauheni-Indralaya - Pekanbaru-Medan
Phase II 2020-2025 - Indralaya-Pekanbaru
- Medan-Banda Aceh - Tebing Tinggi-Sibolga
Phase III 2025 - Pekanbaru-Padang
- Palembang-Bengkulu
SEMEN ANADALAS SEMEN BATURAJA
SEMEN PADANG PACKING PLANT
5 1
2
3
4
1
Malahayati
2
Lhokseumawe
3
Medan
4
Batam
5
Dumai
Grinding Plant Dumai Grinding Plant Lampung
1 Grinding Plant Palembang
2
1 2
MARKET UPDATE
SMGR Corporate Presentation MARCH 2014
Papua Bali N T
Sulawesi
Kalimantan
Population Distribution 2012
Sumatera 21.3
Java 57.5.
8.4 5.8
