2
1. SMGR 22. 5 mn t on
-
Semen Padang : 6. 4 mn t on
-
Semen Gresik : 11. 4 mn t on
-
Semen Tonasa : 4. 7 mn t on
2. Semen Andal as
2
1. 6 mn t on 3. Semen Bat uraj a
1. 3 mn t on 4. Indocement TP
18. 6 mn t on 5. Hol cim Indonesia
8. 5 mn t on 6. Semen Bosowa
3. 8 mn t on 7. Semen Kupang
4
0. 5 mn t on
TOTAL 56. 8 mn ton
CEMENT INDUSTRY AT A GLANCE
• Design Capacity
: 54. 4 mio ton 56. 9 mio ton
63. 9 mio ton
• Domestic Growth
: 17. 7 7. 0
6. 0 •
Domestic Utilization : 89
90 86
• Total Utilization
: 91 92
88
• Supply
Domestic : 48. 0 mio ton
51. 4 mio ton 54. 5 mio ton
Export : 1. 2 mio ton
1. 0 mio ton 1. 5 mio ton
Import : 1. 8 mio ton
2
1. 5 mio ton
3
1. 0 mio ton
3
1 Based on t he Company’ s f orecast 2 Import ed cement by PT Semen Andal as 1. 0 mio t on and cl inker by Bosawa and SMGR
3 Import ed cement cl inker 4 Semen Kupang does not produce or sel l cement in t he l ast 3 years due t o it s f inancial probl em
Singapore Kuala
Lum pur
SMGR
2 2
1 1
3 3
4 4
5 5
1 1
6 6
7 7
THE PLAYERS and CAPACITY 2012
SMGR: 22. 5 mio ton 38 of Industry Cap.
CEMENT INDUSTRY 2011
2012F
1
2013F
1
2
3
COMPARISON: CEMENT CONSUMPTION PER CAPITA 2011
Source: UBS; Deut sche, Indonesi a Cement Associ at i on
199
kg kg
200 400
600 800
1000 1200
1400 1600
1800 2000
C hin
a S
in ga
po re
M ala
ys ia
V ie
tn am
Th ail
an d
I n do
ne sia
I n dia
Ph ilip
in a
kg capit a
4
Source: Indonesian Cement Associat ion BPS St at ist ic
Growth :
1.1
Growth :
9.7
Growth :
4.2
Growth :
1.8
Growth :
6.6
Growth :
5.8
Growth :
19.4
Domest ic consumpt ion LHS GDP growt h RHS
mio t ons
4 0. 8 4 8. 0
1 2 . 5 39 . 1
27 . 2 27 . 5
3 0. 2 3 1. 5
3 2. 1 34 . 2
3 8 . 1
6. 10 6. 40
1 8. 2
5. 6 4. 7
5. 1 5. 4
4. 4 6. 3
6. 1 4. 60
6. 50 6 . 0
1 1 . 5
4 . 2 9. 7
2 . 5 6 . 6
1 . 8 1. 1
5 . 8 1 7 . 7
0. 0 1 0. 0
2 0. 0 3 0. 0
4 0. 0 5 0. 0
20 0 2 20 03
2 0 04 2 0 05
20 0 6 20 0 7
20 0 8 2 00 9
2 01 0 20 1 1
Mar -12 0 . 0
1 0. 0 2 0. 0
Cement growt h RHS
F F
DOMESTIC MARKET CONSUMPTION 2011
Ret ail resident ial sect or is t he largest consumer of cement in Indonesia
5
Bag
80
Bulk 20
Key Drivers of Domestic cement demand:
• Nat ional Economic Growt h
• Favorable Int erest Rat e Environment
• Infrast ruct ure Expansion
• Per Capit a Consumpt ion increase from
current low levels
•
Ready-mix inf rast ruct ure:
±
60
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
35
•
Proj ect s mort ar, render:
±
5
•
Ready-mix inf rast ruct ure:
±
60
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
35
•
Proj ect s mort ar, render:
±
5
•
Housing:
±
90
•
Cement based indust ry:
±
10
•
Housing:
±
90
•
Cement based indust ry:
±
10
± ±
Source: Int ernal Research
21, 0
6, 5 18, 1
1, 0 16, 9
1, 9 20, 0
2, 3 22, 7
3, 0 23, 7
3, 5 23, 7
3, 8 25, 2
5, 0 25, 5
6, 0 26, 9
5, 1 28, 2
6, 0 32, 2
5, 9 32, 8
6, 2 34, 2
6, 6 39, 2
8, 8
5 10
15 20
25 30
35 40
1997 1998 1999
2000 2001 2002
2003 2004
2005 2006 2007
2008 2009
2010 2011
Bag Consumpt i on Bulk Consumpt i on
SO FAR INFRASTRUCTURE EXPANSION HAS BEEN RELATIVELY SLOW
Bag and Bul k cement consumpt ion 1997 – 2011 mil l ion t ons
6
Source: Indonesia Cement Association and the Company’s data
Region Populat ion
Cement Consump-
t ion t on Cement
Consumpt . Per Capit a
kg
1. JAVA 136, 563, 142
