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ANNUAL PUBLIC EXPOSE PT DIAN SWASTATIKA SENTOSA TBK Thursday, March 20, 2025
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Company Overview
Business Activities and Products/Services
Business Activities
Product/Service
Coal Power Internet Services Fertilizer
Pay TV Chemical
Data Center
Services
Other Technology
Investments
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Corporate Structure (as of December 31, 2024)
PT Sinar Mas Treasury
Tunggal 59.90% 40.10% & Public
PT Dian Swastatika Sentosa Tbk
(“Company”)
Coal Mining and Trading & Fertilizer and
New & Renewable Energy Technology Other Investments
Supporting Business Chemical Trading
GEMS ASL SKS DSSE Group DSST Group RKN Group
Group Group Group
Coal Mining and Trading Technology
GEMS : PT Golden Energy Mines Tbk DSST : PT DSST Mas Gemilang
ASL : PT Andalan Satria Lestari
SKS : PT Surya Kalimantan Sejati
New and Renewable Energy Fertilizer and Chemical Trading
DSSE : PT DSSE Energi Mas Utama RKN : PT Rolimex Kimia Nusamas
Number of subsidiaries : 100 entities
Number of employees : 2,013 persons
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Mining
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Main Site Locations
Block KIM
Jambi
Block BSL
South Sumatra TKS
Central Kalimantan
BIB
South Kalimantan
Block WRL
South Sumatra
Block ASL Block SKS & PMS
South Sumatra Central Kalimantan
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Operational Performance
Production Volume Sales Volume Revenues
(million MT) (million MT) (million USD)
56.8
56.3
54.3
53.1
4,673.4
-4.4% 2,773.2
-5.7%
-40.7%
2023 2024 2023 2024 2023 2024
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New & Renewable Energy
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Energy and New & Renewable Energy
Solar PV Developer & Manufacture
SolarPVDeveloper Development Progress
Company PT Daya Mas Agra Sejahtera
Solar PV Developer (Sentul)
Name (“DMAS”)
The Company, through DMAS,
established a solar panel
Company development business under the
Description Dian Solar brand.
SolarPVManufacture
Company PT Daya Sukses Makmur Selaras
Name (”DSMS”)
Solar PV Manufacture (Kendal)
The Company, through DSMS,
established a joint venture with
Trina Solar & PLN IP Renewable to
Company produce 1 GW solar panel cells
Description and modules in Special Economic
Zone Kendal, Indonesia.
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Locations of Solar Energy Project &
Geothermal Projects
Solar Rooftop Solar Panel & Cell Factory
Marunda – 1MWp
Central Java
DKI Jakarta
Solar Rooftop Sentul – 0.6MWp
WPSPE Cipanas WKP Nage
WKP Cisolok NTT
West Java
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Technology
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Technology
PT DSST Mas Gemilang
Pay TV and Internet Other Technology
Data Center
Services Investments
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MyRepublic’s Service Areas Services are available in 144 cities and districts on the islands of Sumatra, Java, Kalimantan, Sulawesi, Bali and NTT
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MyRepublic’s Performance
Subscribers Homepass Revenues
(thousand people) (thousand home-passes) (million USD)
130.6
914.0 +90.9% 6,410.6 +44.5%
+73.9%
90.4
525.6
3,358.3
2023 2024 2023 2024 2023 2024
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Technology
PTSMPlusDigitalInvestama (“SMPlus”)
SMPlus is a data center company that
owns and manages 25 data centers in 24
cities across Indonesia. It has a total
combined IT load capacity of up to 40
MW for the operating capacity and is still
in the development stage.
SMPlus has also established a joint
venture company with LG CNS Co., Ltd
that focuses on technology solutions,
including data center and cloud
computing businesses. This aims to
expand the presence of other IT services
in Indonesia, including services for the
smart city and financial sectors.
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Locations of Data Center
~10 MW + 30 MW (under development)
25 data centers
24 cities
Sumatra Island
• Aceh
• Medan
• Batam
• Pekanbaru Manado
• Padang
• Jambi
• Palembang Banjarmasin
• Lampung
DKI Jakarta
Makassar
Tangerang Bali
Central Java and East Java
West Java DI Yogyakarta • Madiun
• Bogor • Semarang • Surabaya
• Bandung • Yogyakarta • Malang
• Cirebon • Solo • Jember
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Chemicals
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Fertilizer and Chemical Trading
Office and Branch Locations as well as Sales Segmentation
PT Rolimex Kimia Nusamas – subsidiary
Pontianak LOCATION
OFFICE & BRANCHES Products are imported to meet domestic market demand.
Market Share:
• Fertilizer : 4.6% of Indonesia’s total imported fertilizer
• Pesticide : 6.3% of Indonesia’s total imported pesticide
Sales
Medan
Pekanbaru
Sales
Palembang 46% 54%
Jakarta
Surabaya
Grup Sinarmas Pihak Ketiga
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Operational Performance
Sales Volume Revenues
Fertilizer Pesticide (million USD)
Chemical (thousand kL)
(thousand MT) (thousand MT)
147.6 208.2
243.0 141.2 +12.8%
-48.0%
-4.3%
126.4
90.0
-56.8%
4,950.0 5,581.3
2023 2024 2023 2024 2023 2024 2023 2024
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Consolidated Revenues (million USD)
5,956.1
The Company recorded a
39.8% y-o-y decline in revenue
5,014.7 for financial year 2024,
primarily due to the transfer of
all the Company's shares in
GEAR in August 2023, resulting
in GEAR no longer being
3,017.8 consolidated into the
Company's consolidated
financial statements and a
2,165.0 decrease in revenue from the
coal business due to a decline
in the average selling price of
coal
2021 2022 2023 2024
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Financial Highlight
2023 2024
Changes
(million USD) (million USD)
Gross Profit 2,072.3 1,228.4 -40.7%
Operating Profit 1,254.8 650.7 -48.1%
Profit Before Tax 1,181.1 710.2 -39.9%
Profit for the Period 865.3 542.8 -37.3%
2023 2024
Changes
(million USD) (million USD)
Current Assets 1,425.8 1,998.3 40.2%
Noncurrent Assets 1,637.5 1,696.7 3.6%
Total Assets 3,063.3 3,695.0 20.6%
Current Liabilities 825.7 857.4 3.8%
Noncurrent Liabilities 516.8 894.1 73.0%
Total Liabilities 1,342.5 1,751.5 30.5%
Total Equity 1,720.8 1,943.5 12.9%
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Financial Ratios
2023 2024
Current Ratio 172.7% 233.1%
Liabilities to Equity Ratio 78.0% 90.1%
Liabilities to Assets Ratio 43.8% 47.4%
Return on Assets 28.2% 14.7%
Return on Equity 50.3% 27.9%
Gross Profit Margin 41.3% 40.7%
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Revenue Distribution
2023 2024
2% 4% 1% 0% 0%
0% 0% 0%
5% 3%
93% 92%
Mining Technology Mining Technology
Chemicals Power Generation Chemicals Power Generation
Renewable Energy Others Renewable Energy Others
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Current Year Performance Target In facing challenges, the Company will continue to maintain business performance across all lines of the company's business, including mining, technology, chemicals, as well as new and renewable energy. The Company will continue to develop its new and renewable energy business and technology business. This year, the Company has set performance targets oriented towards sustainable growth, increased efficiency, strengthened competitiveness, and innovation. With a focused strategy, the Company is committed to providing added value to stakeholders. From the financial aspect, the Company targets performance growth through increased revenue and cost efficiency. From the operational aspect, the Company continues to drive productivity and innovation to ensure quality and business sustainability. The Company believes that with strong cooperation, adaptation to change, and the implementation of corporate governance, the Company can achieve the set targets and provide positive contributions to stakeholders.
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Business Strategy
Mining New & Renewable Chemical
Technology
Energy
• Increasing coal • Developing new and • Strengthening • Diversifying fertilizer and
production by utilising renewable energy technology infrastructure chemical products as well
technology through businesses, including as expanding the
• Developing FTTH networks
automation and geothermal and solar marketing network
digitalisation to help • Engaging in strategic
power
production efficiency cooperation and
investment in the
• Implementing cost
technology sector
control and efficiency
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Agenda COMPANY OVERVIEW OPERATIONAL REVIEW 2024 FINANCIAL REVIEW 2024 BUSINESS STRATEGY CORPORATE GOVERNANCE
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Meetings in 2024
In 2024, the Company had conducted the following meetings:
1x 1x 7x 12x
Annual Extraordinary BOC BOD
GMS GMS Meetings Meetings
5x 8x 7x 6x
Joint Audit Committee Nomination & Risk Management
Meetings Meetings Remuneration Committee
Committee Meetings
Meetings
The Company has reported its financial and non-financial information transparently through the
Company’s website www.dssa.co.id and IDX’s website www.idx.co.id
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Corporate Actions in 2024 Transfer of Shares Resulting from Shares’ Buyback Disclosure regarding Plan on Transfer of Shares : July 25, 2024 Realization of the number of shares transferred : 24,815,000 shares from the total of 60,000,000 shares Period of Transfer of Shares : Since August 8, 2024 until completion The Company has submitted a report on the progress of the transfer of the shares’ buyback, for the period ended on December 31, 2024, to OJK, IDX, and the public through its letter No. 005/CSDSS-01/2025 on January 10, 2025. Stock Split EGMS regarding Stock Split : June 25, 2024 Ratio of Stock Split : 1:10 Number of Shares before Stock Split : 770,552,320 shares Number of Shares after Stock Split : 7,705,523,200 shares Nominal Value of Shares before Stock Split : Rp250/share Nominal Value of Shares after Stock Split : Rp25/share Effective Date of Stock Split : July 18, 2024
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Corporate Actions in 2024
Issuance of Bonds and Sukuk Mudharabah as of December 31, 2024
(in million Rupiah)
Shelf Registration Public Offering I*) Realization of the
Proceed Remaining
Appropriation of
Funds **) Funds
Funds
Bonds Rating idAA from Pefindo 343,250 343,250 -
Phase I Year 2024
Sukuk Mudharabah Rating idAA(sy) from Pefindo 147,150 147,150 -
Bonds Rating idAA from Pefindo 1,044,348 250,000 794,348
Phase II Year 2024
Sukuk Mudharabah Rating idAA(sy) from Pefindo 443,824 46,470 397,355
Bonds Rating idAA from Pefindo 2,522,094 580,451 1,941,642
Phase III Year 2024
Sukuk Mudharabah Rating idAA(sy) from Pefindo 952,011 162,794 789,217
Total 5,452,677 1,530,113 3,922,562
*) Plafond Rp7trillion
**) does not include the issuance fee
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Thank You PT DIAN SWASTATIKA SENTOSA TBK Thursday, March 20, 2025
Names mentioned 14 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT DSST Mas Gemilang ASL
p.5
unresolved
org
PT Andalan Satria Lestari SKS
p.5
unresolved
org
PT Surya Kalimantan Sejati New
p.5
unresolved
org
PT DSSE Energi Mas Utama
p.5
unresolved
org
PT Rolimex Kimia Nusamas
p.5 ×2
unresolved
org
PT Daya Mas Agra Sejahtera Solar PV Developer
p.11
unresolved
org
PT Daya Sukses Makmur Selaras Name
p.11
unresolved
org
PT DSST Mas Gemilang Pay TV
p.14
unresolved
org
LG CNS Co., Ltd
p.17
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