9
TOP 20 SHAREHOLDERS
per June 30, 2010
NO NAME OF INVESTORS
AMOUNT
1 GOVERNMENT OF REPUBLIC OF INDONESIA
3, 025, 406,000 51. 01
2 SSB 4545 S A LAZARD EMERGING MARKETS EQUITY PORTFOLIO
139, 736, 300 2. 36
3 JPMCB-EUROPACIFIC GROWTH FUND
129, 396, 000 2. 18
4 JPMCB-EMERGING MARKETS GROWTH FUND INC.
113, 763, 500 1. 92
5 JPMCB-NEW WORLD FUND, INC.
89, 607, 500 1. 51
6 JPMCB-CAPITAL INTERNTNL EMERGINGMARKETS FUND
60, 511, 500 1. 02
7 PT JAMSOSTEK PERSERO - NON JHT
55, 008, 500 0. 93
8 THE NORTHERN TRUST S A AVFC
48, 379, 167 0. 82
9 JPMCB-CAP WORLD GROWTH AND INCOME FUND INC
47, 248, 000 0. 80
10 SSB HG09 AMERICAN FUNDS INSURANCE SERIES INTERNATIONAL FUND
44, 361, 000 0. 75
11 JP MORGAN CHASE BANK RE ABU DHABI INVESTMENT AUTHORITY
38, 889, 040 0. 66
12 BBH BOSTON S A VANGRD EMG MKTS STK INFD
38, 351, 820 0. 65
13 PERUSAHAAN PEMGELOLA ASET PERSERO, PT
36, 923, 712 0. 62
14 PT PRUDENTIAL LIFE ASSURANCE-REF
36, 583, 500 0. 62
15 THE BANK OF NEW YORK MELLON DR
30, 243, 350 0. 51
16 JPMORGAN CHASE BANK NA RE NON-TREATY CLIENTS - 2157804006
29, 825, 414 0. 50
17 DANAREKSA PERSERO, PT S A 03
28, 229, 712 0. 48
18 PT JAMSOSTEK PERSERO - JHT
28, 035, 000 0. 47
19 BBH LUXEMBOURG S A FIDELITY FD, SICAV-SE ASIA FD
27, 642, 000 0. 47
20 PT AIA FINL - UL EQUITY
27, 565, 000 0. 46
TOTAL 4, 074, 253, 015
68. 71 Ot her Shareholders 3, 156
1, 857, 266, 985 31. 29
GRAND TOTAL 5, 931, 500, 000
100. 00
10 10
10
SMGR’ s COMPARATIVE COMPETITIVE ADVANTAGE
MARKET SHARE + 45
MARKET LEADER
MARKET LEADER
11 11
Distribution warehouses in all areas of Java, Bali, Sumatra, Kalimantan, Sulawesi and Irian
15 large packing plants
Nationwide distribution network
Operate 4 special sea ports: Padang, Tuban, Gresik, Biringkassi
Total installed cap. EoY 2008: 18.0 mn tons and EoY 2009: 19.0 mn tons
2009
T eluk Bayur
Sumat era Kalimant an
Sulawesi Maluku
Papua
Lombok Bali
Ja va
Bat am
Ciwandan T anj ung Priok
Jakart a
Samarinda
Banj armasin Palu
Bit ung
Ambon Makassar
Biringkasi
Bali T abanan
Denpasar Singaraj an
DI Yogyakart a Lempuyangan
Jant i
Cent ral Java T egal
Purwokert o Kudus
Magelang Solo Palur
Alas T uwo Moj opahit
Sayung
West Java Serang
T angerang Bogor
Cibit ung Bandung
T asik Malaya Cirebon
Narogong
Belawan
Singapore Kuala Lumpur
T uban
Surabaya
Cement Plant Packing Plant
Port War ehouse
East Java Margomulyo
T anj ung Wangi Bangkalan
Swabina
Aleh
Pelabuhan T uban Pelabuhan Gresik
Installed Cap.: 5.9 mn tons
Installed Cap.: 9.0 mn tons
Installed Cap.: 4.1 mn tons
12 12
12
8728 9601
12209 14.387
3328 4001
5354 6. 774
1539 1999
7532
2892 3387
4.342 2397
1779 4. 772
3867 2848
2234 3.326
2523 1775
1296 1002
2000 4000
6000 8000
10000 12000
14000 16000
2005 2006
2007 2008
2009 Re ve nue
Gross Profit Ope rating Profit
Ebitda Ne t Profit
Rp billions
CAGR
2005 – 2009
Revenue
18
Gross Profit
24
Operating Income
30
EBITDA
24
Net Income
35
Total assets
15
Total Equity
23
SGG HAS EXPERIENCED ROBUST FINANCIAL GROWTH
13 13
STRONG BALANCE SHEET AND RETURNS
Cash balance IDR bn Total debt IDR bn
2. 939 5. 282
3. 836 1. 424
1. 929
2005 2006
2007 2008
2009
CAGR 05—0
9 39
151 854
224 159
180
2005 2006
2007 2008
2009
CAGR 05 —09 -35
Include short t erm invest ment
Debt EBITDA
0,10x 0,40x
0,03x 0,06x
0,05x 2005
2006 2007
2008 2009
Return on Assets
17,3 13,7
25,7 20,8
23,8
2005 2006
2007 2008
2009
14 14
2. 5 3. 0
2. 7 5. 2
4. 1
2005 2006
2007 2008
2009
Average: 3, 5
1.8 1.1
4.1
JSX Top-20
I NTP SMCB
SMGR
SMGR DIVIDEND YIELD IN THE LAST 5 YEARS
1
SMGR DIVIDEND YIELD IN THE LAST 5 YEARS
1
: Based on
medi an of Top-20
Bi ggest Market
Capi t al i zat i o n JSX l i st ed
compani es i n di vi dend
yi el d, excl udi ng
Semen Gresi k f or FY2009
2009 DIVIDEND YIELD
1
2009 DIVIDEND YIELD
1
REGULAR DIVIDENDS REGULAR DIVIDENDS
Key determinants of dividend policy:
•
Historical dividend payout trends
•
Comparison with peers
•
Proj ected cash-flows available for dividends after taking into account potential expansionary capex etc
•
Analyst and investor expectations
•
Shareholder profile
REGULAR DIVIDEND PAYMENTS WITH ATTRACTIVE YIELD
1
shares pri ce based on
cl osi ng pri ce at t he end of year
15
3980 5160
5300 5600
5000 4000
3425 4175
3725 4900
6300 7550
7300 8750
9400
1805.52 1830.92 2139.28
2359.21 2745.83
2447.3 2349.1 1832.5
1355.4 1434.07 2020.78
2467.59 2534.35 2777.3 2913.68
2992.45
3630
1000 2000
3000 4000
5000 6000
7000 8000
9000 10000
28-Dec- 06
30-Mar- 07
29-Jun- 07
28-Sep- 07
28-Dec- 07
31-Mar- 08
30-Jun- 08
29-Sep- 08
30-Dec- 08
31-Mar- 09
30-Jun- 09
30-Sep- 09
30-Dec- 09
31-Mar- 10
30-Jun- 10
16-Jul-10
SMGR JCI
SMGR STOCK PRICE HAS CONTINUED TO OUTPERFORM JCI
16
MARKET UPDATE
6M2010
SMGR Corporat e Present at ion Jul y 2010
17 17
MARKET BY GEOGRAPHY 6M2010
Domest ic Consumption – Java remains as t he largest market
24 8
7 6
3
East of Indonesia Nusa Tenggara
Kalimantan Sulawesi
Java
53
Sumatera
Domest ic Market Share
Source: ASI Indonesi a Cement Associ at i on Source: ASI Indonesi a Cement Associ at i on
SG SP
ST
1 2
3 4
5 6
REGION
MARKET SHARE SMGR
INTP SMCB
BSWA ANDLS BTRJA
1. JAVA 37. 57