Together We Build a Better Future
2
1. SEMEN INDONESIA 27.7 mn ton
- Semen Padang : 6.4 mn ton
- Semen Gresik : 14.0 mn ton
- Semen Tonasa: 7.3 mn ton
2. Semen Andalas
2
1.6 mn ton 3. Semen Baturaja
1.3 mn ton 4. Indocement TP
20.5 mn ton 5. Holcim Indonesia
10.4 mn ton 6. Semen Bosowa
3.6 mn ton 7. Semen Kupang
0.5 mn ton
TOTAL 65.6 mn ton
• Design Capacity : 60.2 mio tons
65.6 mio tons 67.3 mio tons
• Production Capacity : 54.2 mio tons 59.0 mio tons
60.5 mio tons • Domestic Growth
: 14.5 6.0
6.0 • Domestic Utilization : 100
99 100
•Supply
Domestic : 54.9 mio tons
59.3 mio tons 60.5 mio tons
Export : 0.2 mio tons
0.2 mio tons 0.2 mio tons
Import : 0.7 mio tons
2
0.5 mio tons
3
1.0 mio tons
3
1 Based on the Company’s forecast
2 Imported cement by PT Semen Andalas 1.0 mio ton and clinker by Bosawa and Kupang 3 Imported cement clinker
Singapore Kuala
Lumpur
SMGR
2
1
3 4
5
1 1
6
7
DOMESTIC CAPACITY 2013 CEMENT INDUSTRY
2012 2013F
1
2014F
1
2
Together We Build a Better Future ‘000 tons
ton ‘000 2012
2013F 2014F
2015F 2016F
2017F Installed Capacity
60,270 65,600
67,300 76,500
87,700 92,200
Real Production 54,243
59,040 60,570
68,850 74,545
78,370 Consumption
54,964 58,262
61,758 65,463
69,391 73,554
Surplusdeficit -721
778 -1,188
3,387 5,154
4,816 Domestic Utilization
100 99
100 95
93 94
Export 200
200 200
200 200
200 Domestic
Consumption Growth 14.50
6 6
6 6
6
3
20.000 40.000
60.000 80.000
100.000
2012 2013F
2014F 2015F
2016F 2017F
Design Capacity Real Production
Consumption Cement
Together We Build a Better Future
4
Source: Deutsche, Indonesia Cement Association
223
kg
200 400
600 800
1.000 1.200
1.400 1.600
1.800
C hin
a Sin
ga po
re M
ala ys
ia Vie
tn am
Th aila
nd In
do ne
sia Ph
ilip pin
es In
dia
kgcapita
Together We Build a Better Future
Source: Indonesian Cement Association BPS Statistic
Growth :
1.1
Growth :
9.7
Growth :
4.2
Growth :
1.8
Growth :
6.6
Growth :
5.8
Growth :
19.4
Domestic consumption LHS GDP growth RHS
mio tons
40.8 48.0
54.9
41.5 39.1
27.2 27.5
30.2 31.5
32.1 34.2
38.1
6.10
5.90 6.80
5.6
4.7 5.1
5.4
4.4 6.3
6.1 4.60
6.50
5.3 14.5
6.0 11.5
4.2 9.7
2.5 6.6
1.8 1.1
5.8 17.7
0.0 10.0
20.0 30.0
40.0 50.0
60.0
2002 2003
2004 2005
2006 2007
2008 2009
2010 2011
2012 9M2013
0.0 10.0
20.0
Cement growth RHS
A
5
GROWTH
Together We Build a Better Future
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 44.1
10.8 32.0
8.6
5 10
15 20
25 30
35 40
45
1997 1999
2001 2003
2005 2007
2009 2011
9M2013
Bagged Cement Bulk Cement
Bag and Bulk cement consumption million tons
6
Source: Indonesia Cement Association and the Company’s data
Together We Build a Better Future
Retail residential sector is the largest consumer of cement in Indonesia
7
Bag
80
Bulk 20
Key Drivers of Domestic cement demand:
• National Economic Growth • Favorable Interest Rate Environment
• Infrastructure Expansion • Per Capita Consumption increase from
current low levels
•
Ready-mix infrastructure:
±
60
•
Fabricator pre-cast, fiber cement, cement based industry:
±
35
•
Projects mortar, render:
±
5
•
Housing:
±
90
•
Cement based industry:
±
10
± ±
Source: Internal Research
Together We Build a Better Future
8
MARKET UPDATE
SMGR Corporate Presentation OCTOBER 2013
Together We Build a Better Future
Papua Bali N T
Sulawesi
Kalimantan
Population Distribution 2012
Sumatera 21.3
Java 57.5.
8.4 5.8
