4
Source: Indonesian Cement Associat ion BPS St at 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
40, 8 48, 0
39, 1
27, 2 27, 5
30, 2 31, 5
32, 1 34, 2
38, 1
6, 10 5, 6
4, 7 5, 1
5, 4
4, 4 6. 3
6. 1 4. 60
6, 60 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
2002 2003
2004 2005
2006 2007
2008 2009
2010 2011
0, 0 10, 0
20, 0
Cement growt h RHS
F F
DOMESTIC MARKET CONSUMPTION 2011
Retail residential sector is the largest consumer of cement in Indonesia
5
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 inf rast ruct ure:
±
60
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
35
•
Proj ect s mort ar, render:
±
5
•
Ready-mix inf rast ruct ure:
±
60
•
Fabricat or pre-cast , f iber cement , cement based indust ry:
±
35
•
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
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
5 10
15 20
25 30
35 40
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Bag Consumpt i on Bulk Consumpt i on
SO FAR INFRASTRUCTURE EXPANSION HAS BEEN RELATIVELY SLOW
Bag and Bulk cement consumpt ion 1997 – 2011 million t ons
6
Source: Indonesia Cement Association and the Company’s data
Region Population
Cement Consump-
tion ton Cement
Consumpt. Per Capita
kg
1. JAVA 136, 563, 142
21, 996, 688 161
2. SUMATERA 50, 613, 947
9, 690, 931 191
3. SULAWESI MALUKU
