5.9 3.6 Laporan Tahunan | Semen Indonesia AR SI English 2014

Corporate Governance Implementation Report Corporate Social Responsibility Report Corporate Data Management Discussion and Analysis Financial Statements Assuring the Move Into Next Level 177 Estimate of Cement Consumption Growth in Several ASEAN Countries, 2014 National Cement Industry Outlook In 2015, global economy recovery as presented by United States’ economy in 2014 is expected to continue and escalate to other developed countries. Improvement of global economy is believed to bring positive impacts to national economy, boost demands for primary mining and plantation products, and lowering Indonesia’s trade balance deficit. In turn, this will strengthen Rupiah exchange rate and allow Bank Indonesia to bring down interest rate, creating a more favourable condition to Indonesian economy. As national economy improves, growth of national cement consumption will increase. As mentioned earlier, the Government of Indonesia now has better fiscal room to support basic infrastructure projects that is previously limited due to sizeable fuel subsidy. Approval of Revised Budget and Expenditure Plan 2015 enables the Government to focus on realizing programs of basic infrastructure development, including roads and ports, which have been the barriers for investments in real sectors and hindering national economic growth potential. Realization of infrastructure projects will step up national cement consumption. Taking this outlook into account, the Company forecasts that national cement consumption in 2015 and 2016 will grow by 6.3 and 7.5, respectively. Projection of National Cement Consumption 2015- 2016 Regional Cement Consumption Prospect As we know, the end of 2015 will be marked by the implementation of ASEAN Economic Community Economic, Industry, and Business Outlook Review 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00

31.49 39.09

58.02 34.17

48.00 63.68

31.92 40.78

59.91 38.09

54.96 68.48

20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 4.2 1.2 7.0 2.6 4.3 17.7 14.5 5.6 3.3 6.3 7.5 Y2005 Y2009 Y2013 Y2007 Y2011 Y2015 E Y2016 E Y2006 Y2010 Y2014 Y2008 Y2012 Consumption million tons Growth Management Discussion and Analysis