Skip to content
Back to announcement

20231215_PPRE_Public Expose_31559939_lamp1.pdf

Other Text extracted PPRE

Source file signed link, expires in 15 minutes

This browser can't display the PDF inline. Open it in a new tab.

Extracted text 23

Page 1

          
Page 2
01
PPRE in a GLANCE
Page 3
     PPRE MANAGEMENT
                   BOARD OF        COMMISSIONER




                                                                                     BOARD OF       DIRECTOR




    MUHAMMAD           ALBERT            NUR        INDRA JAYAA
      ZAHID        SIMANGUNSONG        ROCHMAD      RAJAGUKGUK
                                       PRESIDENT
    COMMISSIONER    COMMISSIONER     COMMISSIONER   COMMISSIONER




                                                                       ARIF                            GEDE UPEKSA      YUDI
                                                                                       REBIMUN
                                                                    ISWAHYUDI                            NEGARA       SETIAWAN
                                                                   DIR. OF FINANCE    DIRECTOR OF       PRESIDENT     DIRECTOR OF
                                                                    RISK & LEGAL       OPERATION        DIRECTOR     BUSDEV & HCM


3
Page 4
    VISION MISSION & COMPANY STRUCTURE
                                                                                                  LISTING ON
                             VISION                                                      INDONESIAN STOCK EXCHANGE
                                                                                              IN NOVEMBER 2017
                                                                                                    ( PPRE )
      Core Value To be a leading integrated heavy equipment
      based construction company in Indonesia and the region

                                                                       PP            PUBLIC        YKKPP         TREASURY
                                                                                                                   STOCK
                             MISSION
                                                                      76,99%         21,93%         0,02%            1,06%

    1.Providing specialist construction services with product
     differentiation and excellent service
    2.Enhancing integrated business which has high competitive
     services as well as optimum added values for stakeholders
    3.Prioritizing Quality, Health, Safety and Environmental (QHSE)
     and good corporate governance in conducting business
     processes; and                                                            51%                            51%
    4.Developing professional and productive human resources
                                                                               LMA                            PSA
     with corporate values


4
Page 5
     PPRE MILESTONE
                                                                                                                                                   Refocusing the mining services
                 The Company was acquired                                         The Company embarked on       PP Presisi earn its first mining    & civil work business core by
                 by PT PP (Persero) Tbk and          Entering the civil work
                                                                                       the infrastructure        service contract as a main              strengthening heavy
                 changed its name to PT PP        business line by focusing on
                                                                                    improvement works at            contractor located in          equipment capacity, supported
                 Alat Konstruksi (PP ALKON)        toll road and dam projects
                                                                                        Mining Services           Halmahera Island, North          by adjustments to realignment
                                                                                                                            Maluku.                  & streamlining organization



                               2014                              2016                            2019                          2021                              2023




                2004                            2015                             2017                         2020                                 2022

                                                                 • Changing ots name to PT PP Presisi    • The Company share                 • Issued its first bonds to public
      The Company was
                                • Started business                 Acquiring 51.00 % shares of PT          buyback using allocated             investors with a maximum value of
                                    transformation by entering                                             fund at maximum amount of
        established as                                             Lancarjaya Mandiri Abadi                                                    500 Billion IDR.
                                    the formwork business                                                  293 billion IDR
    PT Prima Jasa Aldodua
                                    line                         • PT PP (Persero) Tbk increased its                                         • Continue to acquire various mining
    which provides services                                        capital in the Company                • The Company started the             service contracts throughout
     of equipment rental
                                •   Entering the ready mix
                                                                 • Listed as issuer in Indonesia Stock     development at some of the          Indonesia, which located in
                                    business                                                               National Strategic Projects         Morowali, Central Sulawesi.
                                                                   Exchange


5
Page 6
    LINE OF BUSINESS
                    2022                  2023 - FUTURE

                        RE                           OTHERS             BETTER
                                                              CW
                                                                        PROFIT
                              CW


              MS

                             SW               MS                        BETTER
                             PP                                        CASHFLOW
                           STEP



                   MINING SERVICES                 MAIN CONTRACTOR     INCREASE


                                      2
                                                                      STOCK PRICE
                                                    MINING SERVICES



      5
                     CIVIL WORK

                                      CORE         SUB CONTRACTOR
                   STRUCTURE WORK                                       INCREASE
       LINI                          BISNIS
                                                     CIVIL WORK       STAKEHOLDER
    BISNIS     PRODUCTION PLANT
                                                                      VALUE ADDED
               RENTAL EQUIPMENT                SUPPORTING BUSINESS


6
Page 7
       PRESTIGIOUS PROJECTS



    CINERE - JAGORAWI TOLL ROAD   INDRAPURA - KISARAN TOLL ROAD               LOGISTIC PORT IKN   MANDALIKA INTERNATIONAL SIRCUIT




         HENGJAYA - MOROWALI                      NICKEL MINING - HALMAHERA                        VALE - MOROWALI

7
Page 8
        PPRE HEAVY EQUIPMENT
                                                                                                                                                                                       3184
                                                                                                                                                                                   FY September 2023


             1745                          825                      235                       113            89       76                   49                25                  16                 11



                KLASTER                 KLASTER                  KLASTER                 KLASTER           KLASTER    KLASTER             KLASTER           KLASTER           KLASTER            KLASTER
                 TRUCK                EARTHWORK                SUPPORT UNIT*           CONCRETE SET        TC & PH   FIX PLANT          ASPHALT SET          CRANE          SPECIAL UNIT**     FOUNDATION

*support = genset, breaker, forklift | **special unit = CDM, paver, CSD, LG




          DUMP TRUCK                 HYDRAULIC EXCAVATOR                       BULLDOZER              VIBRO ROLLER    MOTOR GRADER           PNEUMATIC TIRE ROLLER       BATCHING PLANT        ASPHALT MIXING PLANT
             1646                            498                                  138                      145             39                         18                       18                       6




        CRAWLER CRANE                        HYAB CRANE                        DRILLING RIG            MIXER TRUCK   ASPHALT FINISHER           STONE CRUSHER         CUTTER SUCTION DREGDER   CEMENT DEEP MIXING
             15                                   3                                 9                      88               9                         17                         2                     2




            BREAKER                   ASPHALT DISTRIBUTOR                     WHEEL LOADER            COLD MILLING    TOWER CRANE              CONCRETE PAVER                CAR MIX              COMPRESSOR
               83                              4                                   35                      1              66                         10                         3                     15


8
Page 9
       AWARDS & SERTIFICATION
SERTIFICATION




                                                                                               Certified BS EN ISO     Occupational Health & Safety
             Certified BS EN ISO           Certified BS EN ISO        Certified BS EN ISO
                                                                                             37001:2016 SMAP from         Management System
            9001:2015 from NQA            14001:2015 from NQA        45001:2018 from NQA
                                                                                                       KAN                   Score 92,16%


AWARDS




    BUMN TRACK 2023                BUMN TRACK 2023               Trans n CO 2023        BUMN TRACK 2023       Top GRC Awards 2023          Top Business
     Terbaik I Kategori            Terbaik II Kategori              Top Digital        TJSL & CSR AWARDS       The Most Committed      Top GRC Awards 2023
       Inovasi Bisnis              Strategi Pemulihan            PR Awards 2023           Gold & Silver         GRC Leader 2023              #Star4#

9
Page 10
02
PERFORMANCE HIGHLIGHT
Page 11
              2023 Performance Highlight
             NEW CONTRACT                              REVENUE                                   EAT

     8.500                            8.260    4.000                                       150
                                                                                                       145               196
                                                                       YoY :    3.536
                             YoY :                                     -3%                                     YoY :
                             69%                                                                               -38%
                                                            2.644     2.573
     5.667




                            4.969
                                               2.667                                       100




                                                                                                                89


     2.833
                 2.937                         1.333                                       50




        0                                         0                                         0




                 Q3 2022    Q3 2023   2023 F                Q3 2022   Q3 2023   2023 F              Q3 2022   Q3 2023   2023 F



              ASSET                                    LIABILITY                                 EQUITY
                             YoY :
                             -6%                                       YoY :                                   YoY :
     8.000




                 7.588                7.233
                                               5.000




                                                                       -12%
                                                                                         4.000




                                                                                                                2%
                            7.130                           4.438
                                                                      3.906     4.021               3.150     3.224     3.212
     5.333                                     3.333                                     2.667




     2.667                                     1.667                                     1.333




        0                                         0                                         0




                 Q3 2022    Q3 2023   2023 F                Q3 2022   Q3 2023   2023 F              Q3 2022   Q3 2023   2023 F


11
Page 12
03
NEW CONTRACT HIGHLIGHT
Page 13
              NEW CONTRACT
             NEW CONTRACT                                              NEW CONTRACT BASED ON BUSINESS LINE                           SW
8.500


                                           8.260                                                                                     1%
                                                                                                                                     RE
                                                                                                                                     1%
                                                                           SW                           SW
                                   YoY :                                   3%                                 CW                     PP
                                   69%                                           CW                     3%                           2%
                                                                                                              18%
5.667




                        5.245                                              RE    41%                    RE
                                  4.968                                    2%
                                                    CW                                                  1%
                                                    58%        Q3 22                        FY 22                        Q3 23
                                                          Rp                           Rp                           Rp

2.833
              2.937
                                                          2,93         T
                                                                                       5,24         T
                                                                                                                    4,96         T
                                                                           MS
                                                                           37%
                                                                                                        MS
                                                                                                                                     MS
                                                                                                        55%
   0




                                                                                                                                     78%
             Q3 2022   FY 2022   Q3 2023   2023 F




        13
Page 14
        NEW CONTRACT COMPOSITION
         NEW CONTRACT BASED ON FEEDING / NON FEEDING



                                     PP GROUP                              PP GROUP
                         Q3 22       7%                        FY 22       7%                             Q3 23
                    Rp                                    Rp                          NON PP GROUP   Rp
                                                                                               73%
                    2,93         T
                                                          5,24         T
                                                                                                     4,96         T
                                                                                                                      PP GROUP
     NON PP GROUP                        NON PP GROUP                                                                 27%
              93%                                 93%




         NEW CONTRACT BASED ON OWNERSHIP STRUCTURE



          PRIVATE                                                                          PRIVATE
              64%                                                                              64%
                         Q3 22                                 FY 22                                      Q3 23
                    Rp                          PRIVATE   Rp                                         Rp

                    2,93         T
                                                    73%
                                                          5,24             GOV/SOE
                                                                                                     4,96
                                                                       T                                          T
                                                                           27%
                                     GOV/SOE                                                                          GOV/SOE
                                     36%                                                                              36%




14
Page 15
04
FINANCIAL HIGHLIGHT
Page 16
 FINANCIAL
 RATIO                               ASSET                    LIABILITY                     EQUITY

     Q3 2023                   Q3 2023    7.130             Q3 2023   3.906              Q3 2023   3.224
                               FY 2022   7.588              FY 2022   4.438              FY 2022    3.150
                                        YTD :                         YTD :                        YTD :
                                       (6,03%)                      (11,98%)                       2,35%

                                                          RASIO KEUANGAN

       GROSS      Covenant
                             OPERATING      Covenant
                                                          CURRENT      Covenant Min
                                                                                      DEBT TO      Covenant Max
                                                                                                                  DER
                                                                                                                                       Covenant Max


       MARGIN        -       MARGIN             -         RATIO          1,1 x        EQUITY          3x          (Interest Bearing)      3x

          Q3 2023 15,57%           Q3 2023 13,13%            Q3 2023 1,46 x              Q3 2023   1,21 x                Q3 2023 0,63 x


          Q3 2022 16,29%           Q3 2022 14,74%            Q3 2022 1,29 x              Q3 2022   1,41 x                Q3 2022 0,75 x


                                                                       Covenant Min
                                           Covenant Min
                                                                                      DEBT TO      Covenant Max
                             ICR           1,25 x          DSCR           1x                          4x
                                                                                      EBITDA

                                   Q3 2023 4,23 x            Q3 2023 2,33 x              Q3 2023 2,16 x


                                   Q3 2022 4,63 x            Q3 2022 2,08 x              Q3 2022 2,23 x



16
Page 17
05
INVESTMENT HIGHLIGHT
Page 18
     700

                                                                  CAPITAL Expenditure
           CAPITAL EXPENDITURE                CAPITAL EXPENDITURE COMPOSITION

                                  465
     467




                                                                      Q3 2022

                       320                    INV. ALAT SEWA
                                                           1%
              248
     233




                                           ALAT SUB.PEK. SIPIL        Rp
                                                           9%
                                                                      248      Billion
                                                                                            INV. ALAT MINING
                                                                                            90%

      0




            Q3 2022   Q3 2023    2023 F
                                                                                                               Q3 2023
                                                                                 ALAT SUB.PEK. SIPIL                          INV. ALAT SEWA
                                                                                                21%                           1%

                                                                 2023        F
                                                                                                               Rp
                                          INV. ALAT MINING
                                                       76%                                                     320  Billion
                                                                 Rp

                                                                 465       Billion                                            INV. ALAT MINING
                                                                                         ALAT SUB.PEK. SIPIL                  78%
                                                                                         23%
                                                                                         INV. ALAT SEWA
                                                                                         1%
18
Page 19
06
COMPANY STRATEGY
Page 20
     MINING PROSPECT
      Production of electric vehicles growth projection will occur exponentially by the next 10 years, demands high nickel supply
      growth as well. Lithium batteries are a major component in electric vehicles and ESS (Energy Storage System)


         GROWTH IN GLOBAL NICKEL CONSUMPTION                                                            INDONESIA RANKS FIRST
                                                            NICKEL SMELTERS UP TO 2022
             FOR ELECTRIC VEHICLE AND ESS                                                          IN NICKEL ORE MINE PRODUCTION




     Source : Global Nickel Market Trends, WoodMackenzie,
               Vale Analysis - 2018, MIND ID, 2019                                             Source : Badan Survei Geologi Amerika Serikat (USGS)




20
Page 21
     MINING PROSPECT



             PIT                      HAULING ROAD             MINING DEVELOPMENT




HAULING ROAD MAINTENANCE          SECONDARY HAULING                 MINING OPERATION

                       POTENTIAL SCOPE OF WORK AT MINING SERVICES


     1   POST MINING
         RECLAMATION   2      JETTY
                           CONSTRUCTION   3   SMELTER CONS/
                                              DEVELOPMENT     4         OTHER MINING
                                                                      INFRASTRUCTURE

21
Page 22
     PPRE STRATEGY

      COST CONTROL      PROCUREMENT     BUSDEV     FINACC




                     REFOCUSING CORE BUSINESS
                       OPERATION
          QC                                      MARKETING
                                      EQUIPMENT
                              CIVIL
                     MINING
                              WORK



          HSE           MANRISK          LEGAL      HCM




22
Page 23
THANK
 YOU

File

File Open PDF
Source IDX
Size3.83 MB
Published15 Dec 2023
Pages23
Characters25,232
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 0 people and organisations named in the text · linked when the evidence is strong

The name pass has not read this document yet.

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

Other files in this announcement 1

↑↓ select ↵ open ⇧↵ see every result