Source file signed link, expires in 15 minutes
Extracted text 34
Page 1
PT Wijaya Karya Bangunan Gedung Tbk
Public
Expose
28 November 2025
www.wikagedung.co.id
Page 2
Disclaimer
This presentation may contain forward-looking objectives and statements about WIKA Gedung's financial situation, operating
results, business activities and expansion strategy.
These objectives and statement are based on assumptions that are dependent upon significant risk and uncertainty factors
that may prove to be inexact. The information is valid only at the time of writing and WIKA Gedung does not assume any
obligation to update or revise the objectives on the basis of new information or future or other events, subject to applicable
regulations.
Additional information on the factors that could have an impact on WIKA Gedung’s financial result is contained in the
documents filed by the WIKA Gedung with the Financial Services Authority (OJK), Indonesia Stock Exchange (IDX) and
available on the WIKA Gedung’s website at www.wikagedung.co.id
By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound
by the following limitations.
02
Page 3
Corporate Value
Vission
To be a trusted partner in creating an innovative and sustainable construction ecosystem
Mission Value
Strengthening trust and transparency
Prioritizing solutions for customers
Integrating technology for innovation
Creating a collaborative ecosystem with
strategic partners
Amanah, Kompeten, Harmonis,
Sustainability-oriented as the core
Loyal, Adaptif, Kolaboratif
operating process
05
Page 4
Board of Commissioner
Taufan Gestoro Joseph Prajogo Sulli Danis Hidayat
Independent Commissioner Independent Commissioner Fatimah Sumadilaga
Serving as Acting President Commissioner Commissioner
Commissioner
Board of Director
06
Bagus Tri Setyana Dwi Purnomo Hadian Pramudita Hartanto Karti Raharjo Tomo Dwi Hasputro
Director of Operation I Director of Operation II President Director Director of Finance, HC & Director of QHSE and
Risk Management Marketing
Page 5
Core Business & Milestone
Backward Forward
Off-site Construction Building Construction Concession
WEGE was established as a
Focus on company
subsidiary of WIKA based on 2008 2012
profitability
Deed No. 43 dated October 24
Diversification Consolidating Between
2014 2016
SBU Property DBG and WEGE
Public Listed • Company (IPO)
2017 2025 New Modular Business 07
on November 30,2017
Page 6
Company Ownership
Stakeholders Structure
Share Outstanding
Wijaya Karya Kokar WIKA Publik
9.572.000.000 69,3% 0,7% 30%
Associates
Subsidiaries
49% 10% 0.6% 90%
08
Page 7
Market Coverage 56 T Total Contract
Value as of Oct 25 413 Total Project
as of Oct 25
08
Project Residential Office Public Facilites Commercial Owner Private Government SOE Eksternal Eksternal Internal
Type 40,19% 17,58% 29,50% 12,81% Type 44,82% 25,36% 29,82% / Internal 92,37% 7,63%
Page 8
Corporate Presentation
Financial
Performance
11
Page 9
Financial Performance
Equity (IDR Bn) Liabilities (IDR Bn) Asset (IDR Bn)
2,700 3,200 3,121 6,000 5,727
2,606 5,424 5,561
2,588 3,002
2,600 2,540 2,559 2,554 3,000 2,884
2,500 5,000
2,800
2,400
2,600 2,538 4,000 3,847
3,627
2,300
2,400 2,306
2,200 3,000
2,100 2,200
2,000 2,000 2,000
FY2022 FY2023 FY2024 3Q2024 3Q2025 FY2022 FY2023 FY2024 3Q2024 3Q2025 FY2022 FY2023 FY2024 3Q2024 3Q2025
Gross Profit (IDR Bn) Net Profit (IDR Bn) Cash & Cash Equivalent (IDR Bn)
350 80 1,200
68 68 1,036 1,030
303 307 60
46 47 1,000 916
300
40
800
250 228 20
600
200 0
178 400 335
-20
150 200 168
-40
111 12
100 -50 0
FY2022 FY2023 FY2024 3Q2024 3Q2025 FY2024 FY2023 FY2024 3Q2024 3Q2025 FY2022 FY2023 FY2024 3Q2024 3Q2025
Page 10
Corporate Rating (idBBBStable)
PT Pemeringkat Efek Indonesia (PEFINDO) has assigned its idBBB rating with stable outlook to WEGE. The
rating reflects the Company’s conservative capital structure and its favorable business model. The rating
is constrained by its concentrated project type and volatile business environment. An obligor rated idBBB
has an adequate capacity to meet its long-term financial commitments relative to that of other
Indonesian obligors. However, adverse economic conditions or changing circumstances are more likely to
weaken its capacity to meet its financial commitments.
Key Strengths
Conservative Capital Structure
We expect WEGE’s capital structure to remain conservative with its leverage, measured by debt to EBITDA
ratio and debt to equity ratio (DER), to average around 2.3x and 0.2x in 2025-2027, respectively. Historically,
WEGE has low leverage due to its prudent policy of being selective in choosing projects, including owner
type, contract type (lump sum fixed price with down payment), and progress payment terms. WEGE also
avoids investing in high-risk projects such as concessions, resulting in relatively low capital investments.
Most of the debt is related to short-term for working capital to fund its contract backlog and is likely to be
rolled over annually in the normal course of business.
Favorable Business Model
We consider WEGE’s business model as favorable in the construction industry as it focuses on low- to mid-
rise building projects, which have relatively short contract periods of around 1-2 years. WEGE has obtained
IDR2.7 trillion of new contracts in 2024, with an average contract period of 460 days, including IDR613 billion
contracts from modular project with under 180 completion days. In addition, WEGE’s project also has a
diversified project owner, with 46% of new contracts in 2020-2024 being non-government projects, on
average.
This rating reflects WEGE’s efforts in maintaining a healthy financial structure and improving performance
amid the challenges of the current construction industry and economy. WEGE will continue to strengthen
its selectivity in project selection, implement monthly progress payment schemes, foster innovation
through the use of technology, and focus on the development of its modular product portfolio, including 13
NETRO - Smart Net-Zero Growing Modular House System, as a sustainable housing solution designed to
provide long-term positive impact. NETRO integrates modular technology and eco-friendly design to
create energy-efficient homes, while also supporting the achievement of the Sustainable Development
Goals (SDGs).
Page 11
External Challenges
External Macro-Economic Challenges Impacting WEGE's Project Acquisition
Delay in New Contract Realization Government Transition Government Policy
Government tender processes Change in government Infrastructure
Budget restrictions "Wait and see" development policies
High selectivity investment approach Public projects
Cash flow and production reductions
capacity utilization
WEGE’s Strategy
Delay in New Contract Realization Liquidity Risk Corporate Credibility
Cost Optimization Cash Flow Transparent External
Business Diversification Management Communication
Strengthen Business Asset Management Governance & 14
Development Compliance
Crisis Management
Page 12
Corporate Presentation
Project
Portfolio
17
Page 13
Project Portofolio
A variety of projects carried out by WEGE
KEMENKO 1 IKN PASPAMPRES Housing IKN TNI Modular Housing IKN
Rp 672 Billion Ministry Award Rp 125 Billion 2 MURI Records
Rp 1,63 Trillion 3 MURI Records &
Ministry Award
Progress Building Finished Progress Building Finished
Progress Building Finished
Project Location Balikpapan, East Kalimantan Project Location Balikpapan, East Kalimantan
Project Location Balikpapan, East Kalimantan
Owner PUPR Owner PUPR
Project Target December 2024 Owner PUPR Project Target December 2024
The project was obtained in 2022, construction of 8 floors, Project Target April 2025 The project was obtained in 2024, construction of 4 towers,
implementing BIM and Smart Building Systems each with 4 floors, and a mosque
The project was obtained in 2023, construction of 9 towers, 18
each with 12 floors, implementing BIM
Page 14
Project Portofolio
A variety of projects carried out by WEGE
Venue PON XXI Aceh Dhoho International Airport Kediri Jakarta International Stadium
Rp 266 Billion 1 MURI Record Rp 1,89 Trillion 3 MURI Records
Rp 1,79 Trillion 1 International BIM
Award
Progress Building Finished Progress Building Finished
Progress Building Finished
Project Location Aceh Project Location Tanjung Priok, North Jakarta
Project Location Kediri, East Java
Owner PUPR Owner PT Jakarta Propertindo
Owner PT Surya Dhoho Investama
The project was obtained in 2023, construction of 12 venues, Spectators Capasity : 82.000, Achievements : 3 MURI, Greenship
implementing BIM JIS : Platinum, implementing BIM
Total area : 300 ha, implementing BIM 19
Page 15
Project Portofolio
The concession business is a forward strategy that generates recurring income to support WEGE's revenue stream
De Braga by Artotel Grha Mantap Fave Hotel
Project Location Braga No. 10, Braga Bandung Project Location Arteri, West Karawang
Project Location Menteng, Jakarta
Scheme BOT 25 Years Scheme Own by WEGE
Scheme BOT 30 Years
Partner PT Sarinah Partner Fave Hotel
Partner since August 2018 Partner Bank Mandiri Taspen Partner Since February 2020
Operated since April 2019
20
Page 16
Corporate Presentation
Modular
21
Page 17
WEGE Modular Systems
Backward Forward
Off-site Construction Building Construction Concession
22
Page 18
Page 19
Page 20
Page 21
Modular Canteen Project at UNPAR
27
Page 22
Tanjung Duren Modular Hospital
28
Page 23
Mandalika Modular Paddock
29
Page 24
Modular Worker Housing IKN
30
Page 25
Microhouse Parongpong
31
Page 26
Parsavika
Parsavika adalah konsorsium strategis yang dibentuk oleh empat entitas
terkemuka: Parongpong RAW Lab, Saint Gobain Indonesia, Viro, dan Wika
Gedung. Tujuan utama dari Parsavika adalah menciptakan masa depan
yang lebih baik melalui pembangunan yang berkelanjutan, adil, dan
bersih. Kolaborasi ini menggabungkan keahlian dalam desain material,
inovasi konstruksi, teknologi material, dan pembangunan berkelanjutan
untuk menghadapi tantangan pembangunan masa depan.
PAR berarti setara, melambangkan kontribusi sejajar antar anggota
konsorsium; SAVI berasal dari bahasa Italia salvare yang berarti
menyelamatkan, menegaskan komitmen untuk menjaga kelestarian
lingkungan; dan KA dalam bahasa Jepang berarti rumah, simbol bumi
sebagai rumah bersama yang wajib dijaga. Visi besar ini dirangkum
dalam satu kalimat: “Kolaborasi setara untuk menyelamatkan rumah kita
bersama.”
32
Page 27
Rumah MBR
Tipe 36 Tipe 25 (2 Lantai) Tipe 18
33
Page 28
Various Purposes for Modular Spaces
34
Page 29
WEGE Modular
The modular construction system by WEGE has undergone a series of research and testing processes from various aspects,
adhering to applicable standards and thorough testing.
Modular construction produces 41-45% less CO2 compared to conventional methods
35
in building houses, according to a study by academics from the University of
Cambridge and Edinburgh Napier University.
Source : www.sillencehurn.co.uk, www.unlocknetzero.co.uk
Page 30
Awards and Copyrights
WEGE has received MURI record awards and holds copyrights. The MURI record awards include: Modular Housing for TNI IKN,
Construction Worker Housing IKN, Pit Building Mandalika, Simprug Hospital, and Pertamina Jaya Hospital.
36
Page 31
NZE Certification Program
It is part of WEGE's sustainability program and efforts
37
Page 32
Research by
GIZ Germany
The Modular Fact
Sheet on WEGE
related to emission
reduction was
published on the GIZ
website in February
2024
38
Page 33
Long-term Modular Plan
39
Page 34
Thank You
Collaborating to Build Sustainable Construction
Gedung WIKA Tower 1, Lt.7,9 & 10,
Jl. DI Panjaitan No.Kav 9, RT 01 / RW 11, Cipinang Cempedak,
Kecamatan Jatinegara, Kota Jakarta Timur, Jakarta
www.wikagedung.co.id
Names mentioned 20 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Wijaya Karya Bangunan
p.1 ×2
unresolved
org
Financial Services Authority
p.2
unresolved
org
Indonesia Stock Exchange
p.2
unresolved
person
Fatimah
· Commissioner
p.4
unresolved
org
PT Pemeringkat Efek Indonesia
p.10
unresolved
org
PT Jakarta Propertindo Owner
p.14
unresolved
org
PT Surya Dhoho Investama
p.14
unresolved
org
Bank Mandiri Taspen
p.15
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.