Jakarta, 26 October 2013 PT Semen Indonesia Persero Tbk.
JSX : SMGR
Reuters : SMGR.JK
Bloomberg : SMGR.IJ Market Capitalization
– as of Sept 30, 2013:
Rp77,109,760,000,000
Issued shares – as of August 07, 2007:
5,931,520,000 Shares
Share Price Closing: 2 January 2013
Rp15,950 30 Sept 2013
Rp13,000 HiLo 3 mo
Rp17,050 Rp12,000
Major Shareholders per 30 Sept 2013: Government of Indonesia
51.01 Public
48.99
Board of Directors: President Director
– Dwi Soetjipto Finance Director
– Ahyanizzaman Production Director
– Suparni R D and
Operations Dir
– Suharto Marketing Director
– Amat Pria Darma HR Director
– Bambang SSI Strategy Bus. Dev. Dir
– Erizal Bakar Consolidated Subsidiaries:
PT Semen Padang 99.99
PT Semen Tonasa 99.99
Thang Long Cement 70.00
PT SGG Prima Beton 99.95
PT SGG Energi Prima 97.0
PT Kawasan Industri Gresik 65
PT Industri Kemasan Semen Gresik60 PT United Tractors Semen Gresik 55
Website: http:www.semenindonesia.com
Ratio Formula
9M-2012
9M-2013
Ebitda Margin
Ebitda Revenue
34.6 33.6
Interest Coverage x
Ebitda Interest Expense
262.5 25.2
Total Debt to Equity
b
Total Debt Total Equity
16.7 20.3
Total Debt to Asset
b
Total Debt Total Asset
12.1 14.5
Business Highlights
Net Income increased by 15.3 year-on-year amounting to Rp3,906 billion or equivalent to EPS of Rp659 full amount.
Total sales volume in 9M-13 was 18.5 million tons or an increase of
15.6 year-on-year.
Domestic sales was 18.23 million tons or an increase of 14.3 year-on-
year. Domestic sales volume account for 98.55 of total sales.
Cost of revenue per ton in 9M-13 increased by 31.6 compared to 9M- 12 mainly due to cost increased in fuel, labour and transportation cost
Ebitda increased by 24.6 amounting to Rp5,731 billion year-on-year. Ebitda margin was 33.6, a decrease of 2.8 from 34.6 in 9M-12.
As of 30 September 2013, the Co pa ’s LT Lia ilities a ou t to Rp3,662 billion, with debt-to equity ratio decreasing to 20.3 from
21.2 in December 31, 2012
Corporate Secretary PT Semen Indonesia Persero Tbk.
Gedung Utama SG, 5 Floor, Jl. Veteran, Gresik 61122
– Indonesia Phone: +623139817323981745
Fax: +62313983209 Email:
agungwsg.semenindonesia.com
Description Rp bn
9M-2012
9M-2013
Change
Revenue 13,667
17,391 27.2
Cost of Revenue 7,260
9,551 31.6
Gross Profit 6,407
7,840 22.4
Operating Expenses 2,132
2,736 28.3
Operating Income 4,275
5.104 19.4
EBITDA
a
4,599 5,731
24.6 Profit attributable to equity
holders of parent entity Net Income
3,389 3,906
15.3 EPS full amount
571 659
15.4
Financial Summary For the nine months ended 30
September 2013
a Calculated by operating income excluded other operating income expenses plus depreciation amortization
b Total debt calculated from interest bearing debt
3Q-2013 REPORT
SMGR REPORTS UN-AUDITED NINE MONTHS 2013 RESULTS
PT Semen Indonesia Persero Tbk . “MGR or the Co pa
a ou ed its u -audited and consolidated nine-month 2013 financial statements. The Company recorded revenue and operating
income for the period of Rp17,391 billion and Rp5,104 billion, respectively. Net income was recorded at Rp3,906 billion.
The un-audited financial statements were prepared in accordance with the Indonesian Generally A epted A ou ti g Pri iples. For ore detailed i for atio , please refer to the Co pa ’s
Consolidated Financial Statements as filed with Otoritas Jasa Keuangan OJK and the Indonesian Stock Exchanges IDX on September 30, 2013.
FINANCIAL RESULTS
Sales and Revenues
In the nine-month 2013 9M-13 domestic cement consumption industry reached 41.6 million tons, an
increase of 5.3 compared to 39.5 million tons during the same period in 2012. Cement exports increased 187.3 from 0.18 million tons to 0.50 million tons. Total sales volume reached 42.1 million tons, an
increase of 6.2 compared to 39.6 million tons during the same period in 2012.
Java island experienced 7.1 growth, higher compared to outer islands which increased by 3.2 of total domestic growth. Lower growth in outer islands supported by weak commodities activities, mostly in
mining sector.
Nine-Month 2013 2
PT Semen Indonesia Persero Tbk.
Up to 30 September 2013, total Co pa ’s sales volu e re orded a i rease of 15.6 year-on-year
to 18.5 million tons comprising of a 14.3 increase in domestic sales 18.2 million tons and 485.3 increase in export sales from 45,946 tons to 268,928 tons. The Company controlling domestic
market share of 43.8.
Source: The Company’s data and ASI Indonesia Cement Association
3Q-2013 REPORT
Java Outer Java
Total 3Q12
21768175 17699645
39467820 3Q13
23307937 18271190
41579127 10000000
20000000 30000000
40000000 50000000
T o
n
Domestic Sales Volume
7.1 3.2
5.3
MARKET BY GEOGRAPHY 9M-2013
Domestic Consumption –
Java remains as the largest market
Domestic Market Share 9M 2012 – 9M 2013
Source: ASI Indonesia Cement Association
REGION MARKET SHARE
SMGR INTP
SMCB BSWA
ANDLS BTRJ
KPG
2012 2013
2012 2013
2012 2013
2012 2013
2012 2013
2012 2013
2012 2013
1. JAVA 35.8
39.3 42.0
