Corporate Presentation April 2020 PT Semen Indonesia (Persero) Tbk. - PowerPoint PPT Presentation

Corporate Presentation April 2020 PT Semen Indonesia (Persero) Tbk.

Milestones Facts 53 Million tones p.a of designed cement production capacity 1. PT Semen Indonesia (Persero) Tbk., previously known as PT Semen Gresik (Persero) Tbk. WAS established on 7 August 1957. #1 largest cement producer in the ASEAN region 2. Publicly listed in IDX since 1991. 53% market share in Indonesia (Up to April 2020) 3. Consolidated with PT Semen Padang (Persero) and PT Semen Tonasa (Persero) in 1995. 9 Integrated cement plants in 7 locations in Indonesia and 1 in Vietnam 4. Acquired Thang Long Cement Company (TLCC) Vietnam in 2012. 5. Acquired PT Holcim Indonesia in 2019. 2

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Clinker & Cement Downstream Inbound Materials Transportation Distribution Others Production Business SIB, SBB** KIG SILOG UTSG SG,ST,SP, SBI* • Ready Mix • Industrial estate • Cement distribution, • Sea & Land Transportation • Mining Contractors • Clinker and Cement • Precast • Other building • Loading & Unloading (limestone & clay) production in Indonesia • Port Management material distribution SISI • IT services IKSG TLCC SII • Packaging from kraft & • Clinker & cemen production • Cement & clinker woven , especially for in Vietnam trading cement packaging SIIB • Investment management (SBI) KSI • GBFS • GGBFS SMI • Property • Building management • Preparation of cement raw material mining. Notes: * Subsidiary under SIIB, ** Subsidiary under SBI 4

Board of Commissioners Board of Directors Soekarwo Hendi Prio Santoso Chairman President Director RUPS 22 Mei 2019 AGMS 15 September 2017 Hendrika Nora OS Fadjar Judisiawan Lydia Silvanna Djaman Doddy Sulasmono D Commissioner Director of Business Commissioner Director of Finance AGMS 30 April 2018 Strategy & Development AGMS 22 May 2019 AGMS 15 September 2017 AGMS 15 September 2017 Nasarudin Umar Adi Munandir Independent Mochamad Choliq Benny Wendry Director of Marketing & Commissioner Independent Supply Chain Director of Production AGMS 31 March 2017 Commissioner AGMS 30 April 2018 AGMS 15 September 2017 AGMS 30 April 2018 Astera Primanto Tri Abdisatrijo Sony Subrata Tina T Kemala Intan Commissioner Director of Engineering & Commissioner HR & Legal Director Project AGMS 31 March 2017 AGMS 23 January 2015 AGMS 22 Mei 2019 AGMS 15 September 2017 5

Installed Capacity 35.5 Semen Indonesia 25.5 Indocement 15.5 Solusi Bangun Indonesia (ex-Holcim) 8.7 Conch Cement Indonesia 7.7 Semen Merah Putih (Cemindo Gemilang) 7.4 Semen Bosowa 3.9 Semen Baturaja 1.8 Semen Garuda (Jui Shin Indonesia) 1.8 Semen Jawa (Siam Cement Group) 1.8 Semen Bima (PT STAR) 0.4 Semen Kupang 3.1 Others (non ASI members) Total 2019: 113.1 Mio Ton 2019 Domestic Utilization Design Capacity Production Volume Domestic Growth 0.34% 67%* 113.1 MT 76.1 MT Domestic: 69.8 MT Export: 6.4 MT (2019) *Based on Indonesia Cement Association recorded national capacity and production volume 2019 6

Bag cement still represent the largest portion of Cement demand growth was dominated by the growth of bulk cement Indonesia cement consumption to support infrastructure projects in million ton 80 40.0% 35.0% 70 30.0% 60 18.7 18.8 25.0% 16.9 BULK 14.5 14.8 13 12.2 20.0% 50 10.8 24,86% 8.8 15.0% 40 6.6 10.0% 30 5.0% BAG 50.8 51.0 49.4 47.5 46.9 46.8 45.7 44.1 0.0% 20 39.2 75,14% 34.2 -5.0% YTD April 2020 3.8 10 -10.0% 11.1 0 -15.0% source: Indonesia Cement Association 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q '20 Bag Vol Bulk Vol Growth Bag Growth Bulk Bulk Portion source: Indonesia Cement Association Domestic Sales in Java v.s. Outside of Java 419 415 410 in million ton 388 80.0 20.0% 317 70.0 in trillion IDR 290 15.0% 60.0 50.0 39.0 38.9 10.0% 37.4 34.5 33.4 33.7 184 178 32.6 40.0 30.3 26.5 146 5.0% 30.0 21.9 114 86 20.0 0.0% 30.5 30.9 28.9 27.5 28.2 25.3 26.2 24.6 21.5 10.0 18.9 - -5.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Outside Java Java Growth source: Indonesia Cement Association 7

YTD April 2020 8

53,4% 53,0% FY 2019 YTD April 2020 25,6% 25,5% 6,7% 5,9% 3,6% 3,0% 3,0% 3,1% 2,9% 2,6% 2,2% 2,0% 2,1% 1,7% 1,4% 1,5% 0,4% 0,3% SMGR INTP Conch Bosowa Merah Baturaja Jui Shin Siam STAR Semen SMGR INTP Conch Bosowa Merah Baturaja Jui Shin Siam STAR Semen (SMIG + Putih Cement Kupang (SMIG + Putih Cement Kupang SBI) SBI) Market Share Market Share source: Indonesia Cement Association 9

Semen Indonesia Group Sales Volume Industry MARCH APRIL Year to Date MARCH APRIL YEAR TO DATE DESCRIPTION AREA 2020 2019 YoY (%) 2020 2019 YoY (%) 2020 2019 YoY (%) 2020 2019 YoY (%) 2020 2019 YoY (%) 2020 2019 YoY (%) Semen Indonesia Jakarta 288,471 252,376 14.30% 200,709 226,995 -11.58% 985,371 981,803 0.36% (include SBI) Banten 237,565 269,064 -11.71% 188,940 265,279 -28.78% 918,695 1,078,125 -14.79% Domestic 2,490,257 2,750,342 -9.46% 2,419,221 2,516,121 -3.85% 10,291,515 10,034,501 2.56% West Java 811,278 908,929 -10.74% 734,140 840,151 -12.62% 3,258,900 3,577,788 -8.91% Export 389,072 277,489 40.21% 440,869 325,285 35.53% 1,461,477 1,153,970 26.65% Central Java 539,181 597,674 -9.79% 633,857 619,438 2.33% 2,349,964 2,482,806 -5.35% 2,879,329 3,027,832 -4.90% 2,860,091 2,841,406 0.66% 11,752,992 11,188,471 5.05% Yogyakarta 70,799 138,971 -49.05% 73,362 140,131 -47.65% 300,468 526,147 -42.89% TLCC East Java 610,945 674,999 -9.49% 580,989 625,598 -7.13% 2,600,359 2,745,891 -5.30% Domestic 153,670 131,508 16.85% 133,444 117,301 13.76% 437,165 369,547 18.30% Total Java 2,558,239 2,842,012 -9.98% 2,411,997 2,717,591 -11.25% 10,413,757 11,392,559 -8.59% Export 65,450 2,033 3119.00% 66,722 87,300 -23.57% 239,151 240,450 -0.54% Sumatra 1,054,701 1,042,230 1.20% 1,077,047 1,002,668 7.42% 4,242,916 4,244,611 -0.04% 219,120 133,541 64.08% 200,166 204,601 -2.17% 676,316 609,997 10.87% Kalimantan 299,715 355,122 -15.60% 277,970 313,506 -11.33% 1,284,207 1,387,892 -7.47% Total Group (SMGR)* 3,098,449 3,161,373 -1.99% 3,060,256 3,046,007 0.47% 12,429,308 11,798,468 5.35% Sulawesi 448,418 464,926 -3.55% 394,018 390,719 0.84% 1,730,782 1,726,549 0.25% Nusa Tenggara 295,415 323,918 -8.80% 223,008 289,677 -23.01% 1,066,701 1,206,968 -11.62% East Indonesia 160,785 138,004 16.51% 129,695 102,202 26.90% 679,110 531,260 27.83% Total Indonesia 4,817,272 5,166,212 -6.75% 4,513,735 4,816,363 -6.28% 19,417,474 20,489,840 -5.23% Export Cement 55,769 111,065 -49.79% 19,300 115,052 -83.22% 214,375 431,207 -50.28% Export Clinker 512,192 454,877 12.60% 568,819 543,441 4.67% 1,760,399 1,648,904 6.76% Total Export 567,961 565,942 0.36% 588,119 658,493 -10.69% 1,974,774 2,080,110 -5.06% Grand Total** 5,385,233 5,732,154 -6.05% 5,101,855 5,474,856 -6.81% 21,392,247 22,569,950 -5.22% * Total Group (SMGR) January 2019 excluding SBI sales volume ** One small player not updated yet in April 2020 source: Indonesia CementAssociation 10

PP Balikpapan PP Dumai PP Samarinda PP Belawan PP Belawan GP Dumai PP Banjarmasin PP Mamuju PP Lhoksumawe PP Pontianak PP Pontianak PP Palu LHOKNGA PLANT PP Lhoksumawe Cap : 1,8 Mt/Yr PP Batam PP Maluku Utara GP Kuala Indah PP Sorong PP Bitung PP Malahayati INDARUNG PLANT PP Batam Cap : 9,4 Mt/Yr Tl Bayur Port PP Bengkulu REMBANG PLANT TUBAN PLANT Cap : 3 Mt/Yr PP Kendari Cap SI: 14,7 Mt/Yr PANGKEP PLANT Cap LHI : 3,6 Mt/Yr Cap : 7,4 Mt/Yr PP Lampung Port : 40.000 DWT PP Lampung NAROGONG PLANT Cap : 6 Mt/Yr Biringkassi Port CILACAP PLANT GP Cigading Cap : 3,4 Mt/Yr PP Makassar PP Ciwandan SP PP Ambon PP Tj Priok PP Celukan Bawang PP Ciwandan SI Source: Internal SMIG GP Gresik GP Ciwandan PP Banyuwangi 11

Q1 2020 Q1 2019 Chg YoY in billion IDR (a) (b) (a:b) Revenue 8,580 8,127 5.6% Cost of Revenue 5,876 5,913 -0.6% Gross Profit 2,704 2,214 22.2% Operating Expense 1,430 1,122 27.5% Operating Income 1,274 1,092 16.7% EBITDA 2,022 1,611 25.5% Finance Income (Cost) (552) (637) -13.4% Profit Before Tax 713 454 56.9% Net Profit Attributable to Owners of Parent Entity 446 268 66.5% Margin Gross Profit Margin 31.5% 27.2% 4.3% Operating Profit Margin 14.9% 13.4% 1.4% EBITDA Margin 23.6% 19.8% 3.7% Net Profit Attributable to Owners of Parent Entity Margin 5.2% 3.3% 1.9% Ratios ROE 5.3% 3.4% 1.9% Net Debt to Equity 77.1% 82.8% -5.7% Debt to EBITDA (x) 3.2 4.7 -1.6 EBITDA/Interest (x) 3.7 2.4 1.3 12