2
1. Semen Padang
5. 9 mn t on 2.
Semen Gresik 9. 0 mn t on
3. Semen Tonasa
4. 1 mn t on 4.
Semen Andal as 1. 6 mn t on
5. Semen Bat uraj a
1. 3 mn t on 6.
Indocement TP 17. 1 mn t on
7. Hol cim Indonesi a
8. 5 mn t on 8.
Semen Bosowa 1. 8 mn t on
9. Semen Kupang
0. 5 mn t on
TOTAL 49. 8 mn ton
CEMENT INDUSTRY 2008
2009 2010F
1
CEMENT INDUSTRY AT A GLANCE
• Production Capacity : 46. 6 mio ton
49. 8 mio ton 51. 7 mio ton
• Domestic Growth
: 11. 5 2. 5
6. 5 •
Domestic Ut ilization : 82 78
80
• Supply
Domestic : 38. 1 mio ton
39. 1 mio ton 41. 6 mio ton
Export : 4. 9 mio tons
4. 0 mio tons 3. 6 mio ton
Import
2
: 1. 5 mio tons 1. 5 mio tons
-
1 Based on Company’ s f orecast 2 Import ed cement by PT Semen Andal as as it s cement pl ant is current ly under
reconst ruct ion
Singapor e Kuala
Lum pur
SMGR
4 4
1 1
5 5
6 6
7 7
2 3
8 8
9 9
CEMENT PLAYERS and CAPACITY
SMGR: 19. 0 mio ton SMGR: 19. 0 mio ton
3 3
COMPARISON: CEMENT CONSUMPTION PER CAPITA 2009
Sour ce: Deut she Bank; CEIC; Bahana Resear ch, Indonesi a Cement Associ at i on
200 400
600 800
1000 1200
C hin
a S
au di
A ra
bia S
in ga
po re
I ta ly
M ala
ys ia
V ie
tn am
U S
A Th
ail an
d Ja
pa n
G er
m an
y I n
dia I n
do ne
sia Ph
ilip in
a
kg capit a
167
kg kg
4
INDONESIA CEMENT CONSUMPTION PER CAPITA 1997 – 2009
123 128
141
96 94
110 125
130 130
140 144
145 152
162 167
20 40
60 80
100 120
140 160
180
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
kg per capita
Sour ce: Indonesi a Cem ent Associ at i on
4
18 growt h in 12 years
5
Source: Indonesian Cement Associat ion BPS St a t 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 DOMEST IC CEMENT CONSUMPT ION, CEMENT GROWT H, GDP GROWT H AND CONST RUCT ION GROWT H IN
INDONESIA
3 8. 1 3 4 . 2
3 2. 1 31 . 5
30 . 2 2 7 . 5
27 . 2 3 9 . 1
4. 60 6. 1
6. 3
4. 4 5. 4
5. 1 4. 7
5. 6 5 . 8
1. 1 1. 8
6. 6
2 . 5 9 . 7
4. 2 1 1. 5
0. 0 1 0. 0
2 0. 0 3 0. 0
4 0. 0
2 00 2 20 0 3
20 04 2 00 5
2 0 06 2 00 7
20 0 8 2 0 09
0 . 0 1 0. 0
2 0. 0
Cement growt h RHS
DOMESTIC MARKET CONSUMPTION
Retail resident ial sect or is t he largest consumer of cement in Indonesia
6
Bag
80
Bulk 20
Key Drivers of Domestic cement demand:
• National Economic Growth
• Favorable Interest Rat e Environment
• Infrastructure Expansion
• Per Capita Consumption increase from current low levels
•
Ready-mix inf rast ruct ure:
±
50
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
45
•
Proj ect s mort ar , render:
±
5
•
Ready-mix inf rast ruct ure:
±
50
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
45
•
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
7
COMPANY PROFILE
SMGR Corporat e Present at ion Jul y 2010
8
1957 : Inaugurat ion of Gresik I, inst al l ed capacit y of 250, 000 t on cement per annum
1991 : Init ial Publ ic Of f ering, Market Cap IDR0. 63t n, resul t ing sharehol ding st ruct ure
post IPO:
●
Government of Republ ic of Indonesia: 73
●
Publ ic: 27
1995 : Acquisit ion of PT Semen Padang Persero and PT Semen Tonasa Persero
1998 : Cemex became a st rat egic part ner, Market Cap IDR4. 9t n
2006 : Bl ue Val l ey Hol dings bought Cemex’ s 24. 9 st ake in SMGR, Market Cap IDR21. 5t n
2010 : In March 31, Bl ue Val l ey Holdings sold 23. 65 of it s st ake ownership in SMGR, Market Cap per March 31, 2010 IDR43. 3t n
2010 : Target ed t ot al inst al l ed capacit y of 19. 50mm t ons, Market Cap per May 31, 2010
IDR50. 1t n
Publ ic 48. 99
The Government of t he Republ ic of Indonesia 51. 01
PT Semen Gresik Persero Tbk. PT Semen Padang
99. 99 PT Semen Tonasa
99. 99
Six subsidiaries Non-cement producers
BRIEF HISTORY BRIEF HISTORY
OWNERSHIP STRUCTURE
1
OWNERSHIP STRUCTURE
1
SMGR IS THE 1 CEMENT COMPANY IN INDONESIA
¹ As of Apri l 09, 2010
0,0 5,0
10,0 15,0
20,0
19 57
19 80
19 80
19 84
19 85
19 86
19 94
19 96
19 97
19 98
20 06
20 07
20 08
20 09
SMGR CAPACITY BUILD-OUT MM TONS SMGR CAPACITY BUILD-OUT MM TONS
Five subsidiaries Non-cement producers
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
