SMGR Corp Material Presentation_June 2009.

(1)

Striving to maximize value

Corporate Presentation – June 2009

These materials are not for distribution in the US, Australia, Canada or Japan. Any information contained herein does not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of securities in any

(2)

AGENDA

I. Indonesia Cement Highlights

II. Corporat e Prof ile

III. Financial Perf ormance

IV. St rat egic Proj ect s

V. 2009 St rat egic Init iat ives

VI. Appendix

(3)

Singapore Kual a Lumpur

SGG

1

2

3

4

5

6

7

8

9 Semen Andalas Indonesia

Lhok Nga, Nanggroe Aceh D.

Cap. 1.6 mn tons

(under plant reconstruction)

Indocement Tunggal Perkasa

Jakarta

Cap. 17.1 mn tons

Semen Tonasa

South Sulawesi, Cap. 3.5 mn tons

Semen Padang

West Sumatera, Cap. 5.9 mn tons

Holcim Indonesia

Jakarta

Cap. 7.9 mn tons

Semen Bosowa Maros

Maros, South Sulawesi

Cap. 1.8 mn tons

Semen Baturaja

Palembang, South Sumatera

Cap. 1.25 mn tons

Semen Gresik

East Java, Cap. 8.6 mn tons

_{Semen Kupang}

Kupang, East Nusa Tenggara

Cap. 0.57 mn tons

1.

2.

3.

4.

5.

6.

7.

8.

9. INDUSTRY STRUCTURE AND PLANTS LOCATION

Tot al Inst alled Nat ional Capacit y in 2008: 46. 62 mn t ons/ year

(EoY 2007: 45. 72 mn t ons cement / year).

Nat ional cement consumpt ion in 5M2009: 14. 2 mn t ons (-8. 1%

growt h y-o-y) and in 5M2008: 15. 4 mn t ons (20. 2% growt h y-o-y).

Domest ic ut ilizat ion rat e in 2008: 82% (EoY 2007: 75%).

PT Semen Gresik (Persero) Tbk.

Total Cap. 18,0 mn tons

PT Semen Gresik (Persero) Tbk.

Total Cap. 18,0 mn tons

(4)

n

SGG has highest overal l capacit y

n

The ut ilizat ion rat es are t he best in

t he local i ndust ry

n

Wide geogr aphical cover age t hrough

dispersed f act ories

COMPARISON WITH PEERS

(2008 Cement Product ion Domest ic Ut ilizat ion)

COMPARISON WITH PEERS

(2008 Cement Product ion Domest ic Ut ilizat ion)

Company name Location Capacity (mm t on) Utilization*)_(%)

Semen Gresik

Gresik & Tuban, East Java

8. 6

Semen Padang

Indarung, West Sumat era

5. 9

Semen Tonasa

Pangkep, Sout h Sulawesi

3. 5

SGG – Total Capacit y

_{Padang, Gresik/ Tuban, Pangkep}

18. 0

92%

Player 1

Cit eureup (W-Java) , Tarj un (Sout h Kalimant an) 17. 10

Player 2

Narogong, Cilacap, Cent ral Java

7. 90

Ot hers

NA

3. 62

Industry

46. 62

82%

KEY HIGHLIGHTS

70%

67%

66%

97%

87%

91%

SGG: HIGHEST OVERALL CAPACITY AND UTILIZATION IN INDONESIA

SMGR SALES VOLUME VS SMGR PRODUCTION CAPACITY (P)

Million tons of cement

q

SMGR product ion capacit y based on addit ional

capacit y f rom de-bot t l enecking and new cement

pl ant proj ect s

q

SMGR sales volume growt h based on int ernal

proj ect ion:

-

2009F sales volume growt h based on proj ect ion

of 3% annual growt h

-

2010F sales volume growt h based on proj ect ion

of 5% annual growt h

-

2011F sales volume growt h onwards based on

proj ect ion of 6. 5% annual growt h

q

SMGR product ion capacit y based on addit ional

capacit y f rom de-bot t l enecking and new cement

pl ant proj ect s

q

SMGR sales volume growt h based on int ernal

proj ect ion:

-

2009F sales volume growt h based on proj ect ion

of 3% annual growt h

-

2010F sales volume growt h based on proj ect ion

of 5% annual growt h

-

2011F sales volume growt h onwards based on

proj ect ion of 6. 5% annual growt h

17,1

18,0

19,0

19,3

23,6

24,1

24,3

17,7

18,2

19,1

20,3

21,7

23,1

24,6

16,9

26,2

0 5 10 15 20 25 30

2007 2008 2009F 2010F 2011F 2012F 2013F 2014F 2015F

Production Capacity

SMGR Sales Volume

(5)

AGENDA

I. Indonesia Cement Highlight s

II. Corporate Profile

III. Financial Perf ormance

IV. St rat egic Proj ect s

V. 2009 St rat egic Init iat ives

VI. Appendix

(6)

n

1957 Inaugurat ion of Gresik I

n

1991 Init ial Public Of f ering, Market Cap IDR0. 63t n, resul t ing shareholding post IPO:

Government of Republic of Indonesia: 73%

Publ ic: 27%

n

1995 Acquisit ion of PT Semen Padang (Persero) and PT Semen Tonasa (Persero)

n

1998 Cemex became a st rat egic part ner by buying a 14% st ake, Market Cap IDR 4. 9t n

n

1999 Cemex upsized it s st ake t o 25% by end 1999

n

2005 Tot al inst alled product ion capacit y: 16. 92mm t . p. a., Market Cap IDR 10. 6t n

n

2006 Blue Valley Holdings bought Cemex s 24. 9% st ake in SGG

n

2008 Tot al Inst alled Capacit y: 18. 00mm t . p. a, Market Cap IDR 24. 8t n

Blue Valley Hol dings Pt e.

Lt d. (25. 19%)

Public

(23. 21%)

The Government of t he Republic of Indonesia

(51. 60%)

PT Semen Gresik (Persero)

Tbk.

PT Semen Padang

(99. 99%)

PT Semen Tonasa

(99. 99%)

Six subsidiaries

Non-cement producers

BRIEF HISTORY

OWNERSHIP STRUCTURE

SGG IS THE #1 CEMENT COMPANY IN INDONESIA

¹ As of Febr uary 2009

0.0

5.0

10.0

15.0

20.0

195

7

198

0 1980 1984 1985 1986 1994 1996 1997 1998 2005 2006 2007 2008

SGG CAPACITY BUILD-OUT (MM TONS)

Current capacity =

18. 0 mm tons

Five subsidiaries

Non-cement producers

(7)

SGG

45. 6%

Player 1

36. 5%

Player 2

17. 9%

MARKET LEADER IN TERMS OF REVENUE, CAPACITY & MARKET SHARE

Leading market share for the past several years

Total Revenue = IDR 26,793tn

REVENUE SHARE — FY2008

Source: Research report s, management plan

CAPACITY SHARE — 1Q2009

_{DOMESTIC MARKET SHARE — 1Q2009}

DOMESTIC MARKET SHARE — 1Q2009

SGG

Total 45.7%

Total Consumption = 8.27 mn tons

SGG

Total 38.7%

Total Capacity = 46. 62 mn tons

Sem en

Tonasa

7. 7%

Ot her s

7. 72%

Sem en

Padang

12. 6%

Sem en

Gr esik

18. 4%

Player 1

36. 6%

Player 2

16. 9%

Semen Tonasa 9. 5% Ot hers 11. 8% Semen Padang 14. 3% Semen Gr esi k 21. 8%

Player 1 29. 8% Player 2

12. 7%

SGG

49. 4%

Player 1

33. 5%

Player 2

17. 2%

Total Revenue = IDR 6, 535tn

REVENUE SHARE — 1Q2009

(8)

AGENDA

I. Indonesia Cement Highlight s

II. Corporat e Prof ile

III. Financial Performance

IV. St rat egic Proj ect s

V. 2009 St rat egic Init iat ives

VI. Appendix

(9)

7532

8728

9601

12210

2892

3328

4001

5355

965 2397

1412

6068

2061

1539

1779

3387

1999

2234

2849

3867

509 1002

1296

1775

2524

0 2000

4000

6000

8000

10000

12000

2004

2005

2006

2007

2008

Revenue

Gross Profit

Operating Profit

Ebitda

Net Profit

7,146

9,133

518

974

704 1,086

2,558

1Q2008

22%

12%

49%

29%

37%

27%

19%

CAGR

(2004 2008)

8,746

11,356

681

881

866 1,378

3,228

1Q2009

22.4 Total Equity

24.3 Total assets

31.3 Net profit

10.5 EBITDA

23.0 Operating profit

26.9 Gross Profit

26.2 Revenue

Chg

(%)

(Rp billions)

(10)

CONSISTENT REVENUE GROWTH WITH STRONG BALANCE SHEET

Revenue—last 5 years (

IDR bn)

Sales volumes—last 5 years (

mm t ons)

Cash balance

(IDR bn)

Total debt

(IDR bn)

5,614

6,933

8,163

8,948

11,760

454

599

565

653

450 2004

2005

2006

2007

2008

Domest ic Sales

Expor t Sales

_CAGR

(04—08)

(0. 2%)

20%

13.3 14.3 15.0 15.2

16.7

2.3 2.1

1.8 1.8 1.0

2004

2005

2006

2007

2008

Domest ic Expor t

(19%)

6% CAGR (04—08)

Not e: Sales volumes include cement and clinker volumes

1, 929

3, 836

2, 939

908 1, 424

2004

2005

2006

2007

2008

CAGR

(04—0

8) 43%

180 1,217

854

224

159 2004

2005

2006

2007

2008

CAGR (04—

_{08) -38%}

(11)

SOLID PROFITABILITY INDICATORS

Return on asset

7.6%

13.7%

17.3%

20.8%

23.8%

2004

2005

2006

2007

2008

Net margin

8.4%

13.3%

14.8%

18.5%

20.7%

2004

2005

2006

2007

2008

Total assets turnover

91. 8%

107.9%

118. 0% 119.9%

127.7%

2004

2005

2006

2007

2008

:

Avg. total assets (IDR bn)

6, 613

6, 982

7, 397

8, 006

9,559

2004

2005

2006

2007

2008

Revenue (IDR bn)

6, 068 7, 532

8, 728 9, 601

12, 210

2004 2005 2006 2007 2008

509 1, 002

1, 296

1, 775

2, 524

2004

2005

2006

2007

2008

Net profit (IDR bn)

:

14. 0%

22. 4%

23.6%

26.8%

31. 3%

2004

2005

2006

2007

2008

Return on equity

EBITDA margin

23.3%

26.5%

25.6%

29.7%

31.7%

(12)

SOLID CREDIT METRICS

Debt/ EBITDA

EBITDA/ int erest

27.8x

245.0x

12.7x

5.9x

147.6x

2004

2005

2006

2007

2008

Debt/ capital

11%

12%

_9%

66%

46%

2004

2005

2006

2007

2008

Debt/ equity

0.19x

0.33x

0.02x

0.04x

_0.02x

2004

2005

2006

2007

2008

0.40x

0.90x

0.05x

0.10x

_0.06x

(13)

*) Adj ust ed t o st ock split 1: 10 on August 2007 Source: I/ B/ E/ S mean est imat es

Not e: Act ual numbers are report ed number on t he year of announcement

SUSTAINABLE EPS GROWTH VS. ANALYST ESTIMATES

SGG HAS BEEN ABLE TO OUTPERFORM MARKET EXPECTATIONS

ACT

UAL

EPS

CA

GR

(20

02-

200 8):

6 0%

59 _{5 1 . 4}

7 4 . 3

1 2 1

2 1 5

2 8 3

3 5 5

26 6 3

8 6

169 2 1 8

299 4 2 6

0 5 0

100

150

200

250

300

350

400 2 0 0 2

2 0 0 3

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

Consensus analyst EPS forecasts

Actual EPS

(IDR)

(14)

AGENDA

I. Indonesian Cement Highlight s

II. Corporat e Prof ile

III. Financial Perf ormance

IV. Strategic Proj ects

V. 2009 St rat egic Init iat ives

VI. Appendix

(15)

16. 9

19. 3

0. 2

2. 6

4. 2

4. 8

5. 0

18.0

19.0 2. 1

1. 1

2. 4

24.3

24.1

23.6

21.9

19.3

17.1

9.0

11.0

13.0

15.0

17.0

19.0

21.0

23.0

25.0 2007

2008

2009

2010

2011

2012

2013

2014

2015

Installed base production

Production est imates (mm t ons)

PRODUCTION EXPANSION (P)

Addit ional capacit y f rom

de-bot t lenecking proj ect s (P)

Addit ional capacit y f rom

de-bot t lenecking proj ect s (P)

Addit ional capacit y f rom

new cement plant s (P)

Addit ional capacit y f rom

new cement plant s (P)

1mm t ons addit ional capacit y in 2009 (P)

(16)

INVESTMENT COSTS OF STRATEGIC PROJECTS

US$ 708

TOTAL CAPEX

1. 63

114

70 Sub Total

1. 63

2011

2008

114 2 x 35

Sulawesi

Completed

Start

Investment US$

mn/ MW

Construction

Investment

(US$ mn)

Capacity

(MW)

Power Plants

Location

119

594 5. 0

Sub Total

116 2011

2008

290 2. 5

Sulawesi

122 2012

2008

304 2. 5

Java

Completed

Start

Investment

US$/ Tons

Construction

Investment

(US$ mn)

Capacity

(mn tons)

New Plants

Location

CAPEX PLANNING PROFILE (2008 – 2014)

1, 262

TOTAL CAPEX

228

35

45 Routine:

- Keep Perf ormance

- Ef f i ciency Improvement

- Mandat ory

594

114

106

40

100 Strategic:

- Capacit y Expansion

- Power Plant

- De-bot t lenecking

- Human Capit al Mast er Plan & ICT

- Ot hers

US$ Million

Key Items

(17)

AGENDA

I. Indonesian Cement Highlight s

II. Corporat e Prof ile

III. Financial Perf ormance

IV. St rat egic Proj ect s

V. 2009 Strategic Initiatives

(18)

2009 Obj ective: Maintain Operating Margin

Key Drivers:

1. Maintain Market Share

2. Cost Management:

2009 Domestic Consumption Growth (E): 0% - 3%

Key Drivers:

1. GDP Growth

2. Declining Interest Rate Environment

2009 STRATEGIC INITIATIVES

§

Energy Cost

: minimize oil consumpt ion, decrease coal

consumpt ion index, increase energy alt ernat ive use, decrease

elect ricit y consumpt ion index, st abilize t he product ivit y

product ion level.

§

Procurement & Inventory Management

: improving

procurement synergy among t he group, j oint invent ory of raw

mat erial and spare part s, improve cent ralizing coal

procurement .

§

Maintenance Cost

: lowering spare-par t s use index, improve t he

t ot al predict ive maint enance & aut onomous program.

§

Packaging Cost

: lowering craf t paper index, increase t he use of

local cr af t paper.

§

Transportation

: improve cross bagging init iat ives, improve t he

perf ormance of packing pl ant s among t he group

3. Central Government Fiscal Stimulus

4. Regional Government Spending

3. Maintain Average Selling Pr ice

4. Capacity & Energy Management:

§

De-bot t lenecking/ opt imizat ion proj ect : addit ional capacit y of

1, 000, 000 t ons cement .

§

The const ruct ion of 2 (t wo) new cement plant s in Java and

Sulawesi wit h inst alled capacit y of 2. 5 million t ons of cement

respect ively. The const ruct ion of t he plant in Java t o be

complet ed in 2012 and t he cement plant in Sulawesi in 2011.

§

The const ruct ions of 2 x 35 MW power plant s in Sulawesi, t o be

complet ed in 2011.

(19)

AGENDA

I. Indonesian Cement Highlight s

II. Corporat e Prof ile

III. Financial Perf ormance

IV. St rat egic Proj ect s

V. 2009 St rat egic Init iat ives

(20)

COGM & COGS BREAKDOWN

Not e : USD middle BI rat e per 31 March 08: IDR 9, 217& 31 March 09:IDR 11, 575

IDR

USD

IDR

USD

Direct & Indirect Mat eri

22, 248

2. 41

29, 159

2. 52

Fuel

81, 498

8. 84

122, 183

10. 56

Electricit y

62, 072

6. 73

64, 398

5. 56

Direct Labor

40, 520

4. 40

53, 818

4. 65

Mai nt enance

43, 616

4. 73

51, 407

4. 44

Deplet ion, Depreciation & 41, 292

4. 48

24, 429

2. 11

GA, Tax & Insurance

13, 063

1. 42

10, 127

0. 87

304,308

33 355,521

31 1Q2008

7%

27%

20%

13%

14%

4%

100%

COGM / Ton

8%

34%

18%

15%

14%

7%

3%

100%

-22. 48

Chg (%)

31. 06

49. 92

3. 75

16.83 1Q2009

COGM

32. 82

17. 86

-40. 84

IDR

USD

IDR

USD

COGM

304. 308

33,02

355. 521

30,71

Packagi ng

31. 130

3, 38

45. 803

3, 96

Transport i ng

43. 825

4, 75

66. 684

5, 76

Ot her

-16. 806

-1, 82

-4. 559

-0, 39

362. 459

39 463. 449

40 COGS

27, 86

100%

52, 16

12%

14%

-72, 87

-5%

-1%

16, 83

84%

77%

47, 13

9%

10%

(21)

DOMESTIC AVERAGE SELLING PRICE

475.000

500.000

525.000

550.000

575.000

600.000

625.000

650.000

675.000

700.000

725.000

750.000 Jan

Feb

Mar

Apr

Mei

Jun

Jul

Agt Sept

Okt

Nop Des

2009

2008

2007

2006

SGG domest ic average selling price – Rp/ ton

(22)

Source: Indonesian Cement Associat ion & BPS St at i st ic (Indust rial Origin *Const ruct ion Growt h **GDP Gr owt h 1Q 2009)

INDONESIA HAS EXPERIENCED SOLID ECONOMIC AND DOMESTIC CEMENT

CONSUMPTION GROWTH

Growth:

1.1%

Growth:

9.7%

Growth:

4.2%

Growth:

1.8%

Growth:

6.6%

Growth:

5.8%

Growth:

19.4%

Construction growth (RHS)

Domestic consumption (LHS)

GDP growth % (RHS)

(mio tons)

DOMESTIC CEMENT CONSUMPTION, CEMENT GROWTH, GDP GROWTH AND CONSTRUCTION GROWTH IN INDONESIA

14.2

27.2

27.5

30.2

31.5

32.1

34.2

38.1 5.6%

4.7%

5.1%

5.4%

4.4%

6.3%

6.1%

_4.40%**

11.5%

4.2%

9.7%

-8.10%

6.6%

1.8%

1.1%

5.8%

*6.30%

4.1%

5.7%

8.2%

7.3%

9.0%

8.3%

7.3%

-10.0

0.0

10.0

20.0

30.0

40.0 2002

2003

2004

2005

2006

2007

2008

5M2009

_-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

(23)

§

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 2007: 17.1 mn tons and EoY 2008: 18.0 mn tons

SGG’ s PRODUCTION FACILITIES ARE WELL SUPPORTED BY STRATEGICALLY

LOCATED MARKETING AND DISTRIBUTION FACILITIES

Teluk Bayur Sumatera Kalimantan Sulawesi Maluku Papua Lombok Bali Java Bat am Ciwandan

Tanj ung Priok _{Jakart a}

Samarinda Banj armasin Palu Bit ung Ambon Makassar Biringkasi Bali Tabanan Denpasar Singaraj an DI Yogyakarta Lempuyangan Jant i Central Java Tegal Purwokert o Kudus Magelang Solo/ Palur Alas Tuwo Moj opahit Sayung West Java Serang Tanger ang Bogor Cibit ung Bandung Tasik Malaya Cirebon Narogong Belawan Singapore Kual a Lumpur

Tuban

Surabaya Cement Plant

Packing Plant Port

Warehouse

East Java

Margomulyo Tanj ung Wangi

Bangkalan Swabina Al eh Pelabuhan Tuban Pelabuhan Gresik

Installed Cap.:

5.9 mn tons

Installed Cap.:

8.3 mn tons

Installed Cap.:

3.5 mn tons

(24)

Main Office:

Main Building of Semen Gresik

Jln. Veteran Gresik 61122 – Indonesia

Phone: (62-31) 3981731 -2, 3981745

Fax: (62-31) 3983209, 3972264

Representative Office:

Graha Irama Building, 11

_Floor,

Jln. HR Rasuna Said, Kuningan, Jakarta 12950 – Indonesia

Phone : (62-21) 5261174 – 5

Fax

: (62-21) 5261176

www.semengresik.com

T h a n k y o u

IMPORTANT NOTICE

THIS PRESENTATION IS NOT AND DOES NOT CONSTITUTE OR FORM PART OF, AND IS NOT MADE IN CONNECTION W ITH, ANY OFFER FOR SALE OR SUBSCRIPTION OF OR SOLICITATION, RECOMMENDATION OR INVITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION WHATSOEVER.

THE SLIDES USED IN THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND HAVE BEEN PREPARED AS A SUPPORT FOR ORAL DISCUSSIONS ONLY. THE INFORMATION CONTAINED IN THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON, IN W HOLE OR IN PART.

This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. Such statements involve known / unknown risks uncertainties and other factors, which could cause actual results to differ materially from historical results or those anticipated. Such factors include, among others:

economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia; the effects of competition;

the effects of changes in laws, regulations, taxation or accounting standards or practices; acquisitions, divestitures and various business opportunities that we may pursue; changes or volatility in inflation, interest rates and foreign exchange rates;

accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets; labor unrest or other similar situations; and

the outcome of pending or threatened litigation.

We can give no assurance that our expectations will be attained.

DISCLAIMER

The information contained in this report has been taken from sources which we deem reliable. However, none of PT Semen Gresik (Persero) Tbk and/or its affiliated companies and/or their respective employees and/or agents make any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof.

We expressly disclaim any responsibility or liability (express or implied) of PT Semen Gresik (Persero) Tbk, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Semen Gresik (Persero) Tbk, its affiliated companies or their respective employees or agents accepts liability for any errors, omission or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expresses disclaimed.

(1)

AGENDA

I. Indonesian Cement Highlight s

II. Corporat e Prof ile

III. Financial Perf ormance

IV. St rat egic Proj ect s

V. 2009 St rat egic Init iat ives

(2)

COGM & COGS BREAKDOWN

Not e : USD middle BI rat e per 31 March 08: IDR 9, 217& 31 March 09:IDR 11, 575

IDR

USD

IDR

USD

Direct & Indirect Mat eri

22, 248

2. 41

29, 159

2. 52

Fuel

81, 498

8. 84

122, 183

10. 56

Electricit y

62, 072

6. 73

64, 398

5. 56

Direct Labor

40, 520

4. 40

53, 818

4. 65

Mai nt enance

43, 616

4. 73

51, 407

4. 44

Deplet ion, Depreciation & 41, 292

4. 48

24, 429

2. 11

GA, Tax & Insurance

13, 063

1. 42

10, 127

0. 87

304,308

33 355,521

31 1Q2008

7%

27%

20%

13%

14%

4%

COGM / Ton

8%

34%

18%

15%

14%

7%

3%

-22. 48

Chg (%)

31. 06

49. 92

3. 75

1Q2009

32. 82

17. 86

-40. 84

IDR

USD

IDR

USD

COGM

304. 308

33,02

355. 521

30,71

Packagi ng

31. 130

3, 38

45. 803

3, 96

Transport i ng

43. 825

4, 75

66. 684

5, 76

Ot her

-16. 806

-1, 82

-4. 559

-0, 39

362. 459

39 463. 449

40 COGS

27, 86

100%

52, 16

12%

14%

-72, 87

-5%

-1%

16, 83

84%

77%

47, 13

9%

10%

(3)

DOMESTIC AVERAGE SELLING PRICE

475.000

500.000

525.000

550.000

575.000

600.000

625.000

650.000

675.000

700.000

725.000

750.000 Jan

Feb

Mar

Apr

Mei

Jun

Jul

Agt Sept

Okt

Nop Des

2009

2008

2007

2006

SGG domest ic average selling price – Rp/ ton

(4)

INDONESIA HAS EXPERIENCED SOLID ECONOMIC AND DOMESTIC CEMENT

CONSUMPTION GROWTH

Growth:

1.1%

Growth:

9.7%

Growth:

4.2%

Growth:

1.8%

Growth:

6.6%

Growth:

5.8%

Growth:

19.4%

Construction growth (RHS)

Domestic consumption (LHS)

GDP growth % (RHS)

(mio tons)

DOMESTIC CEMENT CONSUMPTION, CEMENT GROWTH, GDP GROWTH AND CONSTRUCTION GROWTH IN INDONESIA

14.2

27.2

27.5

30.2

31.5

32.1

34.2

38.1 5.6%

4.7%

5.1%

5.4%

4.4%

6.3%

6.1%

_4.40%**

11.5%

4.2%

9.7%

-8.10%

6.6%

1.8%

1.1%

5.8%

*6.30%

4.1%

5.7%

8.2%

7.3%

9.0%

8.3%

7.3%

-10.0

0.0

10.0

20.0

30.0

40.0 2002

2003

2004

2005

2006

2007

2008

5M2009

_-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

(5)

§

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 2007: 17.1 mn tons and EoY 2008: 18.0 mn tons

SGG’ s PRODUCTION FACILITIES ARE WELL SUPPORTED BY STRATEGICALLY

LOCATED MARKETING AND DISTRIBUTION FACILITIES

Teluk Bayur Sumatera Kalimantan Sulawesi Maluku Papua Lombok Bali Java Bat am Ciwandan

Tanj ung Priok _{Jakart a}

Tuban

Surabaya

Cement Plant Packing Plant Port

Warehouse

East Java

Margomulyo Tanj ung Wangi

Bangkalan Swabina Al eh Pelabuhan Tuban Pelabuhan Gresik

Installed Cap.:

5.9 mn tons

Installed Cap.:

8.3 mn tons

Installed Cap.:

3.5 mn tons

(6)

Main Office:

Main Building of Semen Gresik

Jln. Veteran Gresik 61122 – Indonesia

Phone: (62-31) 3981731 -2, 3981745

Fax: (62-31) 3983209, 3972264

Representative Office:

Graha Irama Building, 11

_Floor,

Jln. HR Rasuna Said, Kuningan, Jakarta 12950 – Indonesia

Phone : (62-21) 5261174 – 5

Fax

: (62-21) 5261176

www.semengresik.com

T h a n k y o u

IMPORTANT NOTICE

economic, social and political conditions in Indonesia, and the impact such conditions have on construction and infrastructure spending in Indonesia; the effects of competition;

accidents, natural disasters or outbreaks of infectious diseases, such as avian influenza, in our markets; labor unrest or other similar situations; and

the outcome of pending or threatened litigation.

We can give no assurance that our expectations will be attained.

DISCLAIMER