9M2014 Results
Nine-Month 2014 3
PT Semen Gresik Persero Tbk.
MARKET BY GEOGRAPHY 9M2014 Domestic Consumption – Java remains as
the largest market
20. 8 7. 4
7. 5 5. 7
2. 1
East of Indonesia Nusa Tenggara
Sulawesi Kalimantan
Java 56. 6
Sumat era
Indoce ment
Sour ce: ASI Indonesi a Cement Associ at i on and t he Company Sour ce: ASI Indonesi a Cement Associ at i on and t he Company
REGION MARKET SHARE
SMGR INTP
HOLCIM OTHERS 1. JAVA
40.8 38.4
18.2 2.5
2. SUMATERA 43.2
14.2 14.8
27.8
3. KALIMANTAN 50.8
29.5 10.9
8.8
4. SULAWESI 63.2
13.4 0.8
22.5
5. NUSA TENGGARA 40.3
32.8 5.1
21.6
6. EASTERN IND. 57.2
20.4 0.7
21.7
TOTAL INDONESIA 44.0
30.2 14.6
11.2
Consumption Growth and Domestic Market Share
1 2
3 4
5 6
REGION JANUARY ─ SEPTEMBER
2013 2014
± 1. JAVA
23,307,937 24,314,855
4.3
2. SUMATERA 8,765,522
8,946,029 2.1
3. SULAWESI 3,144,812
3,191,302 1.5
4. KALIMANTAN 2,989,298
3,204,619 7.2
5. NUSA TENGGARA 2,493,520
2,447,997 1.8
6. MALUKU PAPUA 878,039
888,617 1.2
TOTAL INDONESIA 41,579,127
42,993,418 3.4
CEMENT CONSUMPTION GROWTH in tons
9M2014 Results
Nine-Month 2014 4
PT Semen Gresik Persero Tbk.
Net Revenue
The Company’s total sales revenue in 9M14 reported at Rp19,349 billion or an increase of 11.3 year-on-year from Rp17,391 billion in 9M2013. Cement sales contribute 96.42 of Company’s revenue.
The Company’s net sales in the domestic market in 9M14 amounted to Rp18,376 billion, an increase of 10.7 compared to the previous year of Rp16,604 billion, while export amounted to Rp973,041 billion or increase of
23.7 compared to the same period last year. The domestic average selling price increased by 5 year-on-year.
Cost of Revenue
The cost of revenue increased by 14.1 from Rp 9,551 billion in 9M13 to Rp10,898 billion in 9M14, primarily as a result of increase in electricity, depletion, depreciation amortization, packaging, and transportation. COGS per ton
in 9M14 recorded Rp526,779, increase of 10.0 compared to the same period in 2013.
Gross Profit
Gross profit increased by 7.8 year-on-year amounting to Rp8,451 billion in 9M2014. Gross margin decreased from 45.1 in 2013 to 43.7 in 9M2014.
Operating Expenses
The Company’s operating expenses increased by 19.6 from Rp2,794 billion in 2013 to Rp3,341 billion in 2014 mainly due to an increase in selling expenses of 23.6 mainly driven by an increase in distribution and labor
expenses and general administration expenses of 14.3 mainly driven by an increase in labor and partnership and community development program expenses.
EBITDA
Ebitda increased by 4.3 to Rp6,090 billion year-on-year, and Ebitda margin decreased from 33.6 to 31.5 . Ebitda Rp billion
6090 5.838
4.728 3.805
3.546
1.000 2.000
3.000 4.000
5.000 6.000
7.000
9M10 9M11
9M12 9M13
9M14
EBITDA Margin
9M10 9M11
9M12 9M13
9M14
34. 5 32. 8
