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Page 1
PUBLIC EXPOSE
PT Waskita Karya (Persero) Tbk
21 Desember 2023
Page 2
Disclaimer
The information that follows is a presentation of general background information about PT Waskita Karya (Persero) Tbk (“Waskita”, the “Company” or
“WSKT”) prepared by the Company as of 2023.
This presentation has been prepared for information purposes only. None of the information appearing in this presentation may be distributed to the
press or other media or reproduced or redistributed in the whole or in part in any form at any time. Any recipient of this presentation and its directors,
officers, employees, agents and affiliates must hold this presentation and any information provided in connection with this presentation in strict
confidence and may not communicate, reproduce, distribute or disclose to any other person, or refer to them publicly, in whole or in part.
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities in any other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, and neither this
presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. This
presentation may contain forward-looking statements and estimates with respect to the future operations and performance of the Company and its
affiliates. Investors and security holders are cautioned that forward-looking statements are subject to various assumptions, risks and uncertainties,
many of which are difficult to predict and are generally beyond the control of the Company. Such assumptions, risks and uncertainties could cause
actual results and developments to differ materially from those expressed in or implied by the forward-looking statements.
Accordingly, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the
information contained in this presentation, nor is it intended to be a complete statement or summary of the resources markets or developments
referred to in this presentation. It should not be regarded by recipients as a substitute for the exercise of their own judgment.
Neither the Company or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking statements
contained in this presentation. The forward-looking statements are made only as of the date of this presentation. The Company is under no duty to
update any of the forward-looking statements after this date to conform such statements to actual results or developments or to reflect the
occurrence of anticipated results or otherwise.
By accepting delivery of this presentation, the recipient agrees to accept and be bound by the statements, restrictions and limitations set forth herein.
Page 3
    Fokus Pada Implementasi Penyehatan Kinerja Perseroan...
    Memastikan masing – masing program berjalan sesuai dengan rencana Perseroan
       Streams Penyehatan Keuangan
     1                                      2 Penyertaan Modal (Pemerintah & publik) 3                                                                       4     Strategic Partnership Jalan Tol
       Master Restructuring Agreement (MRA)                                                                      Kredit Penjaminan Pemerintah
         Tujuan:                                         Tujuan:                                             Tujuan:                                         Tujuan:
         Meningkatkan likuiditas dan menurunkan          Percepatan konstruksi jalan tol dan modal           Modal Kerja untuk menyelesaikan konstruksi      Mengurangi porsi utang secara konsolidasi
         tingkat bunga serta memperpanjang jatuh         kerja Perseroan                                     148 proyek
         tempo
                                                         Output:
                                                                                                             Output:                                         Output:
         Output:                                         Memperoleh Rp7,9 triliun dari PMN dan Rp1,5
                                                                                                             Memperoleh fasilitas kredit modal kerja (KMK)   Berhasil melakukan strategic partnership atas
         Perpanjangan tenor sebesar Rp29,2 triliun       triliun dari partisipasi Rights Issue pada tahun
                                                                                                             sebesar Rp8,1 triliun, dengan skema revolving   4 ruas jalan tol sejak September 2021 dengan
         dimulai dari September 2021 hingga tahun        2022.
                                                                                                             dengan Penjaminan Pemerintah dari tahun         dekonsolidasi utang sebesar Rp15,5 triliun
         2026 dengan tingkat suku bunga menjadi 5,5%
                                                                                                             2021
         p.a (fixed rate) dari sebelumnya ~9%
                                                         Update:                                                                                             Update:
                                                                                                             Update:
         Update:                                         Dalam pengkajian penerimaan PMN untuk ruas                                                          Berupaya memperoleh potensial            investor
                                                                                                             Per 9M23, 118 dari 148 proyek telah
         Pada tahun 2023, meminta persetujuan atas       tol KAPB, Becakayu, and Bocimi sebesar Rp17,5                                                       untuk strategic partnership jalan tol
                                                                                                             diselesaikan menggunakan fasilitas KMK
         perubahan skema restrukturisasi utang sebesar   triliun
         Rp41 triliun kepada kreditur Perbankan dan
         Obilgasi non-penjaminan Pemerintah
                                                         Stream Penyehatan Non - Keuangan
     5      Restrukturisasi Hutang Anak Usaha
                                                         6 Transformasi Bisnis      7 Penyelesaian Konstruksi Tol Sumatera                                   8      GCG & Risk Management
      Tujuan:                                             Tujuan:                                             Tujuan:                                            Tujuan:
      Meningkatkan kemampuan anak Perusahaan              Meningkatkan Tingkat        kompetitif   Waskita    Penyelesaian konstruksi jalan tol ruas Kayu        Selektif dalam profiling kontrak baru dari segi
      dalam penyelesaian kewajiban utang dengan           dalam segmen unggulan                               Agung – Palembang – Betung (KAPB)                  keuangan dan teknis
      total restrukturisasi sebesar Rp28,66 triliun
      pada tahun 2021                                     Output:
                                                                                                                                                                 Output:
                                                          Digitalisasi bisnis, lean conceptor, serta          Output:
                                                                                                                                                                 Sevesar 97% NKB merupakan proyek yang
      Output:                                             mengembalikan Waskita pada core business            Beberapa seksi KAPB telah beroperasi secara
                                                                                                                                                                 rendah risiko dengan skema pembayaran
      WSBP    –    dalam    proses      implementasi      sebagai kontraktor murni                            fungsional
                                                                                                                                                                 bulanan (monthly or progress payment) serta
      homologasi sejak tahun 2022
                                                                                                                                                                 terdapat uang muka diawal pelaksanaan
                                                          Update:                                             Update:                                            konstruksi
      Update:
                                                          Pengoptimalan kegiatan usaha Perseroan              Dalam kajian penyertaan modal dari
      Pembukaan perdangan saham WSBP di bursa                                                                                                                    Update:
                                                          dengan program – program transformasi bisnis        Pemerintah sebesar ~Rp10 triliun untuk
      pada tanggal 17 Maret 2023                                                                                                                                 Pembentukan tim risiko manajemen konstruksi
                                                                                                              penyelesaian KAPB
                                                                                                                                                                 dan financial controller dalam penguatan
                                                                                                                                                                 aspek keuangan
7
Page 4
                                 Kinerja Operasional




Jalan Tol Cibitung - Cilincing
Page 5
 Sektor Pemerintah Sebagai Dominasi Perolehan NKB Waskita
 Dengan lebih selektif dalam profiling a low risk project

     Nilai Kontrak Dikelola 9M23                   NKB selama 9M23
     Dalam satuan triliun


          48 T                                                14%                                  berdasarkan Pelanggan                 berdasarkan Tipe Proyek
                                                              Anak Usaha
                            45 T                                                                     56%
                                                                                                                                            53%
                                                       7%
                                                          Tanpa tender

                                                                                                                26%
                                                                IDR12 Tn                                                                                19%
                                                                                                                       15%                                        14%
                                                                                                                                 1%                                           13%
                                                            Tender Dimenangkan                                                                                                          1%
                                                                      79%                          Pemerintah   BUMN   Busdev   Swasta   Konektivitas   Gedung Anak Usaha    Perairan   EPC


          43 T
                            42 T   Waskita Induk

                                   Anak Usaha
                                                                                                                 Rasio Kemenangan 9M23 : 23,6%

                                                   5 Besar Proyek Kontrak Baru 9M23
                                                   (Exc.VAT)              Nama Proyek                                                                                   Nilai Proyek*
                                                   Pembangunan LRT Fase 1B, Velodrome – Manggarai                                                                           Rp 2,1 triliun
                                                   Bandara Internasional President Nicolau Lobato, Timor Leste                                                              Rp 1,1 triliun
           5T                                      Pembangunan Rumah Susun ASN 3, IKN                                                                                       Rp 1,0 triliun
                             4T
                                                   Pembangunan Jalan Tol Probolinggo - Banyuwangi Paket 3                                                                   Rp 997 miliar
         9M22               9M23                   Bendungan Cibeet Paket 3, Jawa Barat                                                                                     Rp 768 miliar
                                                   *Nilai kontrak disajikan hanya porsi Waskita (Exc. Partnership)
12
Page 6
                                            Kinerja Keuangan




King Abdullah Financial District - Riyadh
Page 7
     Upaya Pemulihan Kinerja Keuangan Terus Berlanjut - (1/2)
     Menekan Beban Keuangan Perseroan yang tinggi

        Pendapatan Usaha dan Tingkat Pertumbuhan              Rasio Laba Kotor
                                                                17,9%                                       IDR Trillion


                                         25,2%                                      15,5%
                               - 24,5%
                    - 48,4%                                     5,6 T
                                                    - 48,9%                                    9,5%       9,9%
          31,4 T                                                           6,5%


                     16,2 T              15,3 T                                      1,9 T
                               12,2 T                                                          1,4 T
                                                    7,8 T                  1,1 T                          0,8 T
          FY2019    FY2020     FY2021    FY2022    9M2023      FY2019     FY2020    FY2021    FY2022     9M2023


         Beban Keuangan                                       Laba / Rugi Bersih
                       4,9 T     4,8 T                           3,3%
                                           4,3 T
            3,6 T                                                1,0 T               -1,8 T    -1,7 T
                                                     3,2 T                                                 -3,2 T
                                                                                                -10,9%
                                                                           -9,3 T    -15,0%                -41,4%



                                                                           -57,4%
           FY2019     FY2020    FY2021    FY2022    9M2023      FY2019    FY2020    FY2021     FY2022     9M2023
17
Page 8
Upaya Pemulihan Kinerja Keuangan Terus Berlanjut - (2/2)
...prioritas percepatan pencairan Piutang Usaha dan menjaga tingkat likuiditas


 Laporan Posisi Keuangan per 30 Sep 2023

         96,5 T              84,2 T



         23,6 T                            Aset dan Utang Lancar                   Komposisi Aset Waskita
                                           Aset, Utang Tidak lancer, dan Ekuitas

                             22,2 T
                                                                                        22,7%


                                                                                                                Hak Pengusahaan Jalan Tol (HPJT)           Rp 49 T

                                                                                    6,4%    Rp 96,5 T           Total Piutang                             Rp 13,3 T
                                                                                                                Kas & Setara Kas, serta Restricted Cash    Rp 6,2 T
                                                                                     6,4%               50,8%   Tagihan Bruto                              Rp 6,1 T
                                                                                                                Aset Lainnya                              Rp 21,9 T
                                                                                           13,8%
         72,9 T
                             62,0 T


                                                        12,4 T



          Aset               Utang                     Ekuitas
Page 9
            Terima Kasih
                         Mailing Address :                                          Phone : (+6221) 8508510/20
                         Waskita Heritage Building
                                                                                    E-mail : waskita@waskita.co.id
                         MT. Haryono Kav, No. 10 Cawang
                                                                                    Website : www.waskita.co.id
                         Jakarta 13340

                                                                        Disclaimer
This material is for information only, and we are not soliciting any action based upon it, This report is not to be construed as an offer to sell or the
 solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, The information herein has been
   obtained from sources believed to be reliable, but we do not warrant that it is accurate or complete, and it should not be relied upon as such,
  Opinion expressed is our current opinion as of the date appearing on this material only, and subject to change without notice, It is intended for
    the use by recipient only and may not be reproduced or copied/photocopied or duplicated or made available in any form, by any means, or
                                 redistributed to others without written permission of PT Waskita Karya (Persero) Tbk.

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