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Page 1
PUBLIC EXPOSE
2024
PT PP (Persero) Tbk
TH
Jakarta, AuGUST 28 2024
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01 PTPP At a glance
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We are one of the SOE construction and investment
company in Indonesia
COMPANY “To be a leading contractor, known for innovation, excellence,
VISION and sustainability, with a solid financial foundation.”
CONSTRUCTION
MAIN
BUSINESS
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PTPP GROUP STRUCTURE
INDONESIA TREASURY
51% GOVERMENT
PTPP’s EMPLOYEE
0,03% COOPERATIVE 48,74% PUBLIC 0,23% STOCK
Registered in
Registered in PT PP (PERSERO) TBK
64,96% 76,99% 99,99% 99,09% 99,00% 85,70% 79,04% 75,10% 67,82% 50%
SHARES
UNDER
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PTPP
SUBSIDIARIES
MAIN SUBSIDIARIES TOTAL
SUBSIDIARIES :
SUBSIDIARIES
65
As of June 2024
PPSD SC PPSB CPI
AFFILIATION AFFILIATION AFFILIATION
IFPRO JRB CRI KITB PMT PPTR SCMPP
WSP JMB JBS JJB CW
DIVESTED PORTFOLIOS
BPJS
PT Citra Karya PT Jasamarga PT Jasamarga SIP
Jabar Tol Kualanamu Tol Pandaan Malang
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ON GOING PROJECTS PHILIPPINES
AS OF JUNE 2024 2 PROJECTS
SUMATERA SULAWESI
KALIMANTAN
7 PROJECTS 9 PROJECTS
24 PROJECTS
PAPUA & MALUKU
4 PROJECTS
TOTAL
ON-GOING
PROJECTS
105 JAVA BALI & NUSA TENGGARA
PROJECTS 52 PROJECTS 7 PROJECTS
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02 PENCAPAIAN KINERJA PERUSAHAAN
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Performance Highlight Q2 2024
147
NEW CONTRACT
100
REVENUE EAT 50
0
-50
-100
-96
40.000 25.000 400
Parent Entity Minority Interest
YoY :
32.000 9.28% 20.509
YoY :
-22.96% YoY :
22.558
26.667 16.667 267
-59.40%
17.379
13.333 8.333
8.047 8.794 133
125 129
51
0 0 0
8M 2023 8M 2024* 2024 F Q2 2023 Q2 2024 2024 F Q2 2023 Q2 2024 2024 F
*as of 25 Aug 2024
ASSET LIABILITY EQUITY
YtD :
70.000
2.22% 70.000 40.000
YtD :
56.525 57.778 2.75%
49.354
YtD :
46.667 46.667
41.382 42.519 26.667
0.77%
34.212
15.143 15.260 15.142
23.333 23.333 13.333
0 0 0
FY 2023 Q2 2024 2024 F FY 2023 Q2 2024 2024 F FY 2023 Q2 2024 2024 F
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03 KINERJA PEMASARAN
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NEW CONTRACT BASED ON
OWNERSHIP STRUCTURE
8M 2023 8M* 2024 FY 2024 F
*as of 25 Aug 24
Private Private
48% 38% Private
22%
SOE
Rp Rp 40% Rp
22.56 T SOE 17.38 T
32.00 T
24%
SOE
16% Government Government
Government
36% 38% 38%
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NEW CONTRACT BASED ON
BUSINESS LINE
8M 2023 8M* 2024 FY 2024 F
*as of 25 Aug 24
Road & Bridge
Others
54% Building
Building 1%
Road & Bridge 32%
30% Road & Bridge
40% 37%
Rp Rp Rp
22.56 T Building
17.38 T
32.00 T
28%
Power Plant
Others
2%
4%
Industry Industry Airport
Dam Port
4% Dam 11% 5%
5% 2%
1% Others
Railway Port Port
Industry 4%
12% 5% 9%
14%
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04 KINERJA KEUANGAN
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FINANCIAL PERFORMANCE
REVENUE SEGMENTATION
PPRE
Q2 2024 F
Q2 19% PPRE
20%
2024 YoY :
2023 11.07%
YoY : PPRE
Rp PPSD Rp Rp 17%
8.04 8.79 20.51
9.28%
PPIN Parent
7%
3% 73%
PPIN
Parent T T PPUB T
4% PPUB
62% 2%
PPUB Parent 2%
4% 71% PPEN
1% PPEN
PPEN 1%
1% PPRO
2% PPIN
PPRO 2%
3% Others
1% PPRO
2%
OPERATING PROFIT SEGMENTATION Others
3%
Q2 Q2 2024 F
2023 2024 Subsidiaries YoY :
Subsidiaries
10.36% 23%
YoY :
34%
Rp Subsidiaries Rp Rp
978 1.14 2.55
49% 16.77%
Parent M T T
51% Parent
66% Parent
77%
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RASIO KEUANGAN Q2 2024
ASSET LIABILITY EQUITY
Q2 2024 57,778 Q2 2024 42,519 Q2 2024 15,260
FY 2023 56,525 FY 2023 41,382 FY 2023 15,143
YTD : YTD : YTD :
2.22% 2.75% 0.77%
RASIO KEUANGAN
OPERATING Covenant
CURRENT Covenant Min
DEBT TO Covenant Max
DER
Covenant Max
MARGIN - RATIO 1,1 x EQUITY 3x (Interest Bearing) 1,5 x
Q2 2024 12,99% Q2 2024 1,22 x Q2 2024 2,79 x Q2 2024 1,40 x
Q2 2023 12,15% Q2 2023 1,33 x Q2 2023 2,86 x Q2 2023 1,49 x
Covenant Min Covenant Min
DEBT TO Covenant
ICR 1,25 x DSCR 1x EBITDA -
Q2 2024 1,77 x Q2 2024 0,70 x Q2 2024 6,99 x
Q2 2023 1,86 x Q2 2023 0,91 x Q2 2023 8,70 x
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05 INVESTMENT HIGHLIGHTS
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CAPITAL
CAPITAL EXPENDITURE EXPENDITURE
CAPITAL EXPENDITURE COMPOSITION
2.500
2.129
2023 Affiliate
1%
Others
1.667
11,01%
Rp
866 Others
866
Billion
0,1%
6M 2024
833
832
Main Strategic Main
Delivery Subsidiaries
Subsidiaries
Unit (SDU) 46%
87%
8%
Rp
0
2023 6M 2024 2024 F
Strategic
Delivery
2024F 832 Billion
Unit (SDU)
38%
Subsidiaries
Rp 45,9%
2.13
Others
0,89%
Affiliate Trillion
Main
6,06% Subsidiaries
36%
Subsidiaries
19%
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DIVESTMENT TARGET 2024
Plant & Equipment
37%
Divestment Gross Profit
Divestment Gross Profit
Target from Target from
Target Subsidiaries Rp
Divestment Holding
Target Rp
Divestment
1,003
55%
45%
1,003 B
by Entity by Sector
B
Infrastructure
63%
Pareto Divestment Target
PT Ultra Mandiri Telekomunikasi PT PP Infrastruktur PT PP Semarang Demak PT Celebes Railway Indonesia
Target Shares
Divested 100.00% Target Shares
Divested 48.00% Target Shares
Divested 24.10% Target Shares
Divested 47.81%
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06
CORPORATE
STRATEGY
2024
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Corporate
STRATEGY 2024
KONSTRUKSI / OPERASI INVESTASI
Optimalisasi Burn Rate Selektif pada proyek Partisipasi selektif Penyehatan keuangan
dan Peningkatan Market turnkey, fokus pada Investasi yang prudent
dengan expertise pada Realignment bisnis Anak Perusahaan
Share khususnya pada proyek dengan sumber serta akselerasi asset
sektor EPC induk, anak, dan afiliasi utamanya sektor Properti
Infrastruktur dan Gedung dana yang secure recycling dan divestasi
dan Energi
ENABLERS
Optimalisasi people
Memperkuat proses Mengedepankan inovasi Penerapan ESG dan
management melalui
Fokus pada penurunan manajemen risiko dan teknologi dan enterprise Sustainable Construction yang
akselerasi kompetensi dan
leverage perusahaan governance architecture lebih Ekstensif
pengembangan karir SDM
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TerimA KASIH
Names mentioned 8 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Citra Karya
p.5
unresolved
org
PT Jasamarga
p.5 ×2
unresolved
org
PT PP Infrastruktur
p.17
unresolved
org
PT PP Semarang Demak
p.17
unresolved
org
PT Celebes Railway Indonesia Target Shares Divested
p.17
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