20240828_SMBR_Tanggapan atas Permintaan Penjelasan Bursa_31719580_lamp1.pdf

2. Perseroan membukukan piutang usaha per 31 Maret 2023 sebesar Rp392,8
   miliar. Atas hal tersebut, agar dijelaskan:
     a. Dasar penentuan cadangan kerugian penurunan nilai piutang usaha
           pihak ketiga per 31 Maret 2024 sebesar Rp323,32 miliar atau 73,3%
           dari piutang usaha (sebelum cadangan kerugian penurunan nilai).
     b. Latar belakang terdapat piutang usaha yang telah jatuh tempo lebih dari
           365 hari dan upaya Perseroan dalam melakukan penagihan piutang
           usaha tersebut.
     c. Detail dari piutang usaha yang telah jatuh tempo lebih dari 365 hari.
   The Company recorded trade receivables as of March 31, 2023, amounting to
   IDR 392.8 billion. Regarding this, please explain:
      a.The basis for determining the allowance for impairment losses on third-
        party trade receivables as of March 31, 2024, amounting to IDR 323.32
        billion or 73.3% of trade receivables (before impairment losses).
     b. The background behind trade receivables that have been overdue for
        more than 365 days and the Company's efforts to collect those
        receivables.
     c. Details of trade receivables that have been overdue for more than 365
        days.
   Tanggapan:
     a. Pencadangan kerugian penurunan nilai piutang untuk pihak ketiga
        dilakukan dengan metode individual assessment untuk segmen
        pelanggan distributor dan secara kolektif untuk pelanggan retail, setelah
        memperhitungkan nilai jaminan.
     b. Piutang yang telah jatuh tempo lebih dari 365 hari (Long AR) merupakan
        piutang kepada distributor swasta dan piutang kepada pelanggan retail
        atas transaksi yang dilakukan oleh anak usaha. PT. Semen Baturaja Tbk
        (SMBR) telah melakukan upaya penagihan atas piutang tersebut baik
        secara mandiri maupun bekerjasama dengan Jaksa Pengacara Negara
        dari Kejaksaan Tinggi Sumatera Selatan dan konsultan hukum. Upaya
        lainnya adalah melakukan melakukan eksekusi/lelang jaminan melalui
        KPKNL.

  c.   Detail dari piutang usaha yang telah jatuh tempo lebih dari 365 hari
       adalah sebagai berikut:




Response:
  a. The provision for receivables impairment losses for third parties is
     carried out by the individual assessment method for the distributor
     customer segment and collectively for retail customers, after taking into
     account the value of the guarantee.
  b. Receivables that have matured for more than 365 days (Long AR) are
     receivables to private distributors and receivables to retail customers for
     transactions carried out by subsidiaries. PT. Semen Baturaja Tbk (SMBR)
     has made efforts to collect the receivables both independently and in
     collaboration with the State Attorney from the South Sumatra High
     Prosecutor's Office and legal consultants. Another effort is to conduct a
     guarantee execution/auction through KPKNL.
  c. Details of accounts receivable that have matured for more than 365
     days are as follows:

3. Perseroan membukukan piutang lain-lain per 31 Maret 2024 sebesar Rp796,05
   juta yang terdiri atas piutang lain-lain pihak ketiga sebesar Rp194,6 juta dan
   piutang lain-lain pihak berelasi sebesar Rp601,4 juta. Atas hal tersebut, agar
   dijelaskan:
      a. Latar belakang penurunan piutang lain-lain pihak berelasi dengan PT
           Pertamina EP sebesar 83,53%.
      b.   Dasar penentuan cadangan kerugian penurunan nilai piutang lain-lain
           pihak ketiga per 31 Maret 2024 sebesar Rp6,91 miliar atau 97,17% dari
           piutang usaha (sebelum cadangan kerugian penurunan nilai).
      c.   Latar belakang terdapat piutang lain-lain yang telah jatuh tempo lebih
           dari 365 hari dan upaya Perseroan dalam melakukan penagihan piutang
           lain-lain tersebut.
      d.   Detail dari piutang lain-lain yang telah jatuh tempo lebih dari 365 hari.
      e.   Latar belakang per 30 Juni 2024 piutang lain-lain pihak berelasi
           mengalami peningkatan signifikan sebesar Rp3,68 miliar atau 613%.
    The Company recorded other receivables as of March 31, 2024, amounting to
    IDR 796.05 million, consisting of third-party other receivables of IDR 194.6
    million and related-party other receivables of IDR 601.4 million. Please explain:
      a.   The background behind the decrease in related-party other receivables
           with PT Pertamina EP by 83.53%.

  b.   The basis for determining the allowance for impairment losses on third-
       party other receivables as of March 31, 2024, amounting to IDR 6.91
       billion or 97.17% of trade receivables (before impairment losses).
  c.   The background behind other receivables that have been overdue for
       more than 365 days and the Company's efforts to collect those
       receivables.
  d.   Details of other receivables that have been overdue for more than 365
       days.
  e.   The background of the significant increase in related-party other
       receivables as of June 30, 2024, amounting to IDR 3.68 billion or 613%.

Tanggapan:
  a. Penurunan piutang lain-lain pihak berelasi dengan PT Pertamina EP
     disebabkan oleh telah adanya pelunasan piutang atas pendapatan
     kompensasi pemanfaatan limbah B3.
  b. Pencadangan kerugian penurunan nilai piutang untuk pihak ketiga
     dilakukan dengan metode individual assessment.
  c. Penagihan piutang lain-lain yang telah jatuh tempo lebih dari 365 hari
     juga dilakukan dengan bekerjasama dengan Konsultan Hukum dan
     Jaksa Pengacara Negara.
  d. Detail dari piutang lain-lain yang telah jatuh tempo lebih dari 365 hari
     adalah sebagai berikut:




  e.   Peningkatan piutang lain-lain pihak berelasi disebabkan oleh kenaikan
       piutang atas pendapatan kompensasi pemanfaatan limbah B3 dengan
       PT. Pertamina EP.

Response:
  a. The decrease in receivables of other parties related to PT. Pertamina EP
     was due to the repayment of receivables on compensation income for
     the use of B3 waste.
  b. Reserves for losses on impairment of receivables for third parties are
     carried out by the individual assessment method.
  c. The distribution of other receivables that have matured for more than
     365 days is also carried out in collaboration with Legal Consultants and
     State Attorneys.

      d.   Details of other receivables that have matured for more than 365 days
           are as follows:




           e.   The increase in receivables of other related parties was due to an
                increase in receivables for compensation income for the utilization
                of B3 waste with PT. Pertamina EP.

4. Agar menjelaskan nature dan latar belakang Perseroan membukukan beban
   dibayar dimuka – tenaga kerja per 31 Maret 2024 sebesar Rp3,21 miliar
   sedangkan per 30 Juni 2024 sudah tidak terdapat beban dibayar dimuka
   tersebut.
   Please explains the nature and background of the Company recording prepaid
   expenses – labor as of March 31, 2024, amounting to IDR 3.21 billion, whereas
   as of June 30, 2024, there were no such prepaid expenses recorded.

   Tanggapan:
   Merupakan kekurangan atas pembebanan Tunjangan Hari Raya Karyawan dan
   Manajemen yang dibayarkan di bulan Maret 2024.

   Response:
   It is a shortfall in the imposition of Employee and Management Holiday
   Allowance which is paid in March 2024.

5. Agar dijelaskan nature dari aset dalam pembangunan per 30 Juni 2024 sebesar
   Rp88,45 miliar dan latar belakang pengurangan aset pembangunan per 30 Juni
   2024 sebesar Rp2,24 miliar.
   Please explains the nature of the assets in development as of June 30, 2024,
   amounts to IDR 88.45 billion, and the background for the reduction of
   development assets as of June 30, 2024, is IDR 2.24 billion.

   Tanggapan:
   Merupakan Aset yang masih dalam proses pembangunan dan belum siap untuk
   digunakan yang meliputi bangunan pabrik, non pabrik, sarana prasarana dan
   tanah sebesar Rp72,9 miliar, mesin pabrik Rp. 2,1 milar dan eksplorasi
   tambang baru Rp10,9 miliar.
   Pengurangan aset pembangunan sebesar Rp2,24 miliar adalah penyesuaian
   atas progres penyelesaian pekerjaan untuk jasa Pembangunan Oprit jalan
   tambang T3 setelah dilakukan telaah ulang.

    Response:
    It is an asset that is still in the process of construction and is not ready for use
    which includes factory buildings, non-factories, infrastructure and land of Rp.
    72.9 billion, factory machinery of Rp. 2.1 billion and new mine exploration of Rp.
    10.9 billion.
    The reduction in development assets of IDR 2.24 billion is an adjustment to the
    progress of completing work for the T3 mining road Oprit construction service
    after a re-examination.

6. Agar Perseroan menjelaskan secara komprehensif dasar pemakaian suku
   cadang, batu tahan api, dan castable yang memiliki masa manfaat selama satu
   tahun dicatatkan sebagai aset tidak lancar lainnya (meliputi informasi pihak-
   pihak yang berkaitan).
   Please the Company comprehensively explains the basis for the use of spare
   parts, refractory stones, and castables that have a useful life of one year, they
   will be recorded as other non-current assets. (meliputi informasi pihak-pihak
   yang berkaitan).

    Tanggapan:
    Beberapa peralatan pabrik seperti Kiln memerlukan pemeliharaan besar secara
    rutin berupa overhoul, dimana pada saat proses overhoul tersebut dilakukan
    pengggantian suku cadang, batu tahan api dan castable di setiap tahunnya.
    Dikarenakan manfaat dari pemakaian suku cadang, batu tahan api dan
    castable tersebut adalah 1 tahun, maka atas biaya pemakaian tersebut
    diamortisasi selama 1 tahun atau sampai dengan akhir tahun.

    Response:
    Some factory equipment such as Kiln requires regular major maintenance in the
    form of overhouls, where during the overhoul process spare parts, refractory
    brick and castable are replaced every year. Because the benefits of using spare
    parts, refractory brick and castable stones are 1 year, the cost of use is
    amortized for 1 year or until the end of the year.

7. Sehubungan dengan pencatatan utang lain-lain pihak berelasi, agar dijelaskan
   latar belakang utang lain-lain pihak berelasi per 31 Maret 2024 mengalami
   penurunan signifikan dari periode sebelumnya 31 Desember 2023 sebesar
   97,24% atau Rp2,7 miliar namun pada periode 30 Juni 2024, utang lain-lain
   pihak berelasi mengalami peningkatan signifikan menjadi sebesar Rp18,15
   miliar.
   In relation to the recording of other debts to related parties, please explain the
   background of the other debts to related parties as of March 31, 2024, which
   experienced a significant decrease from the previous period of December 31,
   2023, by 97.24% or Rp2.7 billion. However, in the period of June 30, 2024, the
   other debts to related parties saw a significant increase to Rp18.15 billion.

   Tanggapan:
   Per 31 Maret 2024 utang lain-lain pihak berelasi mengalami penurunan yang
   signifikan dibandingkan dengan periode sebelumnya 31 Desember 2023
   disebabkan oleh pembayaran utang atas Dana Pensiun Karyawan dan Utang
   Asuransi karyawan BPJS Ketenagakerjaan namun mengalami kenaikan per 30
   Juni 2024 yang disebabkan oleh utang atas asuransi aset pada Jasa Asuransi
   Indonesia.

   Response:
   As of March 31, 2024, the debt of other related parties has decreased
   significantly compared to the previous period, December 31, 2023, due to debt
   payments on the Employee Pension Fund and BPJS Employment Employee
   Insurance Debt, but increased as of June 30, 2024 due to debt on asset
   insurance at Jasa Asuransi Indonesia.

8. Perseroan mencatatkan beban akrual per 31 Maret 2024 sebesar Rp45,22
   miliar, agar dijelaskan:
     a. Latar belakang penurunan beban akrual listrik sebesar 24,85%. Apakah
           terdapat penurunan penggunaan listrik dengan periode sebelumny
           mengingat pendapatan Perseroan mengalami peningkatan sebesar
           0,59%?
     b. Latar belakang beban akrual lain-lain per 31 Maret 2024 naik menjadi
           sebesar Rp9,27 miliar sedangkan periode sebelumnya 31 Desember
           2023 Rp6,68 miliar.
     c. Detail dari akun beban akrual jasa profesional periode 31 Maret 2024
           sebesar Rp10,82 miliar.
   The company recorded accrued expenses as of March 31, 2024, amounting to
   IDR 45.22 billion. Please explain:
     a.   The background for the decrease in electricity accrued expenses by
          24.85%. Is there a decrease in electricity usage compared to the
          previous period, considering that the company's revenue has increased
          by 0.59%?
     b.   The background of other accrued expenses as of March 31, 2024, has
          increased to Rp9.27 billion, while in the previous period, December 31,
          2023, it was Rp6.68 billion.
     c.   The details of the accrued expense account for professional services as
          of March 31, 2024, amount to Rp10.82 billion.

   Tanggapan:
     a. Penurunan beban akrual listrik per 31 Maret 2024 dibandingkan dengan
        periode sebelumnya disebabkan oleh efek dari penurunan pemakaian
        Kwh listrik.

      b.   Kenaikan pada beban akrual lain-lain per 31 Maret 2024 dibandingkan
           per 31 Desember 2023 disebabkan oleh peningkatan akrual atas biaya
           asuransi aset tetap & persediaan.
      c.   Beban akrual jasa profesional periode 31 Maret 2024 sebesar Rp10,82
           miliar meliputi utang biaya jasa akuntan sebesar Rp1,593 miliar, utang
           jasa penagihan piutang sebesar Rp190 juta, utang biaya jasa aktuaria
           sebesar Rp67,7 juta, akrual pembangunan kantor Baturaja sebesar Rp
           5,76 miliar dan lainnya.

   Response:
     a. The decrease in electricity accrual load as of March 31, 2024 compared
        to the previous period was due to the effect of a decrease in electricity
        Kwh consumption.
     b. The increase in miscellaneous accrual expense as of March 31, 2024
        compared to December 31, 2023 was due to an increase in accrual on
        fixed asset & inventory insurance costs.
     c. The accrual of professional services for the period ended March 31,
        2024 amounted to IDR 10.82 billion, including debts for accounting
        services of IDR 1.593 billion, debt for collection services of IDR 190
        million, debts for actuarial services of IDR 67.7 million, and accrual for
        the construction of the Baturaja office of IDR 5.76 billion.

9. Agar dijelaskan pertimbangan per 39 Juni 2024 Perseroan melakukan pinjaman
   bank sebesar Rp75 miliar.
   Please explains the consideration for June 39, 2024, the Company will take a
   bank loan of IDR 75 billion.

   Tanggapan:
   Pembayaran pinjaman bank sesuai dengan jadwal pembayaran jatuh tempo
   pokok pinjaman kredit investasi sesuai perjanjian kredit sindikasi berbasis
   Sustainability Linked Loan (SSL) No.05 tanggal 28 Maret 2023.

   Response:
   Bank loan payments are in accordance with the payment schedule for the
   principal maturity of investment credit loans in accordance with the
   Sustainability Linked Loan (SSL)-based syndicated loan agreement No.05
   dated March 28, 2023.

10. Latar belakang Perseroan melakukan penjualan per 31 Maret 2024 signifikan
    kepada pihak berelasi sebesar 99,39% sedangkan per 31 Desember 2023
    Perseroan lebih banyak melakukan penjualan kepada pihak ketiga sebesar
    97,62%. Agar disampaikan apakah rencana kedepannya Perseroan akan lebih
    banyak melakukan penjualan kepada pihak berelasi?
    The background of the Company indicates that as of March 31, 2024, it made
    significant sales to related parties amounting to 99.39%, whereas as of

    December 31, 2023, the Company primarily made sales to third parties at
    97.62%. Could you please inform us whether the Company plans to increase
    sales to related parties in the future?

    Tanggapan:
    Untuk periode sampai dengan Maret 2023, transaksi penjualan semen
    sepenuhnya dilakukan kepada pihak ketiga (Distributor). Sejak April 2023
    hingga saat ini penjualan semen dilakukan kepada PT Semen Indonesia
    (Persero) Tbk (SIG) yang berperan sebagai mega distributor dan perusahaan
    lainnya dalam grup usaha SIG.

    Response:
    For the period until March 2023, cement sales transactions are fully carried out
    to third parties (Distributors). Since April 2023 until now, cement sales have
    been carried out to PT Semen Indonesia (Persero) Tbk (SIG), which acts as a
    mega distributor and other companies in the SIG business group.

11. Agar dijelaskan latar belakang penjualan white clay per 31 Maret 2024 dan 30
    Juni 2024 terdapat penurunan secara berturut sebesar 48,37% dan 60,73%
    dibandingkan dengan periode sebelumnya 31 Maret 2023 dan 30 Juni 2023.
    Please explains the background of white clay sales as of March 31, 2024, and
    June 30, 2024, shows a consecutive decline of 48.37% and 60.73% compared
    to the previous periods of March 31, 2023, and June 30, 2023.

    Tanggapan:
    Penurunan volume penjualan white clay disebabkan karena kendala operasi
    yang disebabkan oleh adanya overhoul pabrik serta kendala distribusi karena
    keterbatasan armada angkutan dan adanya pembatasan jam melintas pada
    jalur distribusi.

    Response:
    The decline in white clay sales volume was caused by operational constraints
    caused by factory overhouls as well as distribution constraints due to limited
    transportation fleets and restrictions on crossing hours on distribution channels.

12. Sehubungan dengan pencatatan beban penjualan - pengangkutan dan
    distribusi per 31 Maret 2024 mengalami penurunan sebesar 44,62% atau
    Rp20,79 miliar dibandingkan dengan periode sebelumnya 31 Maret 2023. Agar
    disampaikan faktor yang mempengaruhi penurunan beban pengangkutan dan
    distribusi sedangkan pendapatan Perseroan mengalami peningkatan sebesar
    0,59%?
    In relation to the recording of sales expenses - transportation and distribution as
    of March 31, 2024, there has been a decrease of 44.62% or IDR 20.79 billion
    compared to the previous period of March 31, 2023. If the factors affecting the
    decrease in transportation and distribution load are presented, while the
    company's revenue has increased by 0.59%?

    Tanggapan:
    Penurunan beban penjualan – pengangkutan dan distribusi per 31 Maret 2024
    jika dibandingkan periode yang sama tahun lalu adalah dampak dari penurunan
    komposisi penjualan semen franco dari 51% pada periode sampai dengan
    Maret 2023 menjadi 32% untuk periode sampai dengan Maret 2024.

    Response:
    The decrease in sales – transportation and distribution expenses as of March
    31, 2024 when compared to the same period last year is the impact of a
    decrease in the composition of franco cement sales from 51% in the period up
    to March 2023 to 32% for the period up to March 2024.

13. Agar dijelaskan latar belakang beban gaji, upah, dan tunjangan per 31 Maret
    2024 mengalami kenaikan sebesar 20,80% atau Rp5,09 miliar dibandingkan
    dengan periode seblumnya 31 Maret 2023.
    Please explains the background of salary, wages, and benefits as of March 31,
    2024, experienced an increase of 20.80% or IDR 5.09 billion compared to the
    previous period of March 31, 2023.

    Tanggapan:
    Kenaikan biaya tenaga kerja pada beban gaji, upah, dan tunjangan per 31
    maret 2024 disebabkan oleh SMBR melakukan restrukturisasi organisasi unit
    marketing dan sales dimana beberapa karyawan yang sebelumnya
    ditempatkan pada unit tersebut dipindahtugaskan pada ke unit operasi dan
    supporting. Restrukturisasi ini disebabkan oleh penyesuaian struktur organisasi
    setelah SMBR bergabung dengan SIG, selain itu terdapat juga terdapat
    kenaikan beban PPh 21 dampak penerapan tarif efektif rata-rata (TER).

    Response:
    The increase in labor costs in salary, wages, and benefits as of March 31, 2024
    was caused by SMBR's restructuring of the marketing and sales unit
    organization where several employees who were previously placed in the unit
    were transferred to the operations and support unit. This restructuring was
    caused by the adjustment of the organizational structure after SMBR merged
    with SIG where the marketing and sales functions were centralized, in addition
    to the increase in the burden of Income Tax 21 due to the implementation of the
    average effective rate (TER).

14. Berdasarkan penelaahan kami, gross profit margin Perseroan per 31 Maret
    2024 sebesar 25,81% atau mengalami penurunan apabila dibandingkan
    dengan gross profit margin Perseroan per 31 Maret 2023 sebesar 34,78%. Atas
    hal tersebut, agar disampaikan faktor yang mempengaruhi penurunan gross
    profit margin tersebut.
    Based on our review, the Company's gross profit margin as of March 31, 2024,
    is 25.81%, which represents a decrease compared to the Company's gross
    profit margin as of March 31, 2023, which was 34.78%. In light of this, please
    provide the factors that influenced the decline in the gross profit margin.

   Tanggapan:
   Penurunan Gross Profit Margin per 31 Maret 2024 disebabkan oleh penurunan
   harga jual rata-rata sebesar 6% selain itu juga didukung oleh peningkatan pada
   beban pokok penjualan terutama karena kenaikan harga dan konsumsi
   pemakaian bahan bakar, listrik dan bahan baku.

   Response:
   The decrease in Gross Profit Margin as of March 31, 2024 was due to a
   decrease in the average selling price of 6% and was also supported by an
   increase in cost of goods sold due to an increase in prices and consumption of
   fuel, electricity and raw materials.

15. Agar Perseroan menjelaskan nature dari akun pada CaLK Nomor 31 yaitu
    pendapatan lainnya dan pendapatan klaim dan denda.
    If the Company explains the nature of the account in CaLK Number 31, which is
    other income and income from claims and fines.

   Tanggapan:
   Pendapatan lainnya merupakan pendapatan atas sewa pemanfaatan aset.
   Pendapatan klaim dan denda merupakan pendapatan atas keterlambatan
   penyelesaian pekerjaan dan pengiriman barang dari pemasok.

   Response:
   Other income is income from asset utilization leases. Claim and fine income is
   income from delays in completing work and delivery of goods from suppliers.

16. Strategi Perseroan dalam melakukan pengelolaan modal dan arus kas yang
    telah diterapkan saat ini dan yang akan diterapkan Perseroan selama 5 (lima)
    tahun mendatang.
    The Company's strategy in managing capital and cash flow that has been
    implemented currently and will be applied by the Company over the next five
    years.

   Tanggapan:
   SMBR akan terus berupaya untuk meningkatkan pendapatan baik dalam hal
   peningkatan volume penjualan maupun optimalisasi harga jual. Pengelolaan
   modal kerja dilakukan dengan mengoptimalkan balancing antara aset lancar
   dan kewajiban jangka pendek yang dimiliki. SMBR secara terus-menerus
   melakukan optimalisasi dalam penagihan piutang dan pengendalian terhadap
   nilai persediaan. SMBR juga tetap akan terus menjaga agar covenant yang
   dipersyaratkan oleh kreditur tidak terlampaui.

    Response:
    SMBR will continue to strive to increase revenue both in terms of increasing
    sales volume and optimizing selling prices. Working capital management is
    carried out by optimizing the balance between current assets and short-term
    liabilities. SMBR continuously optimizes the collection of receivables and
    controls the value of inventory. SMBR will also continue to maintain that the
    covenant required by creditors is not exceeded.

17. Informasi/fakta/kejadian penting lainnya yang material dan dapat
    mempengaruhi harga efek Perseroan yang belum diungkapkan kepada publik.
    Important information/facts/events that are material and can affect the price of
    the Company's stock that have not been disclosed to the public.

    Tanggapan:
    Perseroan tidak mengetahui adanya informasi/fakta/kejadian penting lainnya
    yang material dan dapat mempengaruhi harga efek Perseroan yang belum
    diungkapkan kepada publik.

    Response:
    The Company does not have or know of other material important
    information/fact/event that may affect the value of the Company’s stock that
    have not been disclosed tho the public.

18. Rencana tindakan korporasi dalam periode 12 bulan ke depan (jika ada).
    Corporate action plan for the next 12 months. (jika ada).

    Tanggapan:
    Belum ada rencana untuk melakukan tindakan korporasi (corporate action)
    sehingga belum ada yang dapat kami informasikan.

    Response:
    There are no plans to undertake any corporate actions so there is nothing to
    report at this time.

19. Informasi/kejadian penting lainnya yang material dan dapat mempengaruhi
    kelangsungan hidup Perusahaan serta dapat mempengaruhi harga saham
    Perusahaan.
    Important material information/events that could affect the Company's viabilty
    and impact the Company's stock price.

    Tanggapan:
    Perusahaan tidak mengetahui adanya informasi/kejadian penting lainnya yang
    material dan dapat mempengaruhi kelangsungan hidup Perusahaan serta
    dapat mempengaruhi harga saham Perusahaan.

      Response:
      The Company does not have or know of other material important
      information/event that may affect the Company’s viability and the value of the
      Company’s stock.


Demikian kami sampaikan, atas perhatiannya kami ucapkan terima kasih.
We believe this explanation above meets your inquiry. Thank you for your attention.



                                                             PT Semen Baturaja Tbk




                                                                   Suherman Yahya
                                                                    Direktur Utama




Tembusan/ Carbon copy:
 1.   Direktur Pengawasan Transaksi Efek, Otoritas Jasa Keuangan
 2.   Direktur Pengawasan Emiten dan Perusahaan Publik 1, Otoritas Jasa Keuangan
 3.   Direktur Pengawasan Emiten dan Perusahaan Publik 2, Otoritas Jasa Keuangan