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Page 1
PT CARSURIN Tbk
Public Expose
28 June 2024
Page 2
                                        Highlights      Business Strategy   Operation          Financial Highlights




Disclaimer

This report and any electronic access hereto are restricted and intended only for the clients and related
entities of PT CARSURIN Tbk. This report is only for information and recipient use. It shall not be
reproduced, copied, or made available to others. Under no circumstances shall this document be
considered as a selling offer or solicitation of securities buying.
PT CARSURIN Tbk, its affiliated companies, officers and employees are held harmless from any
responsibility and liability for claims, proceedings, actions, losses, expenses, damages, or costs filed
against or suffered by any person as a result of acting pursuant to the contents hereof.
Neither is PT CARSURIN Tbk, its affiliated companies, officers nor employees liable for errors, omissions,
misstatements, negligence, or inaccuracy contained herein.




                                                                                        © PT CARSURIN Tbk – 2024 – All Rights Reserved
Page 3
           Highlights   Business Strategy   Operation              Financial Highlights




Company
Overview
                                                        © PT CARSURIN Tbk – 2024 – All Rights Reserved
Page 4
                                      Highlights             Business Strategy      Operation         Financial Highlights




What is TIC? Testing, Inspection & Certification
 Shielding Against Risk & Ensuring Products & Services Meet Safety, Quality, And Regulatory Standards


ROLE OF TIC:

                                       Trusted Partner for                Key                   Ensuring Product
      Empowering       Mitigating      Business &                         Protector of          Safety, Quality, &
      Global Trade     Risk            Government                         Consumers             Compliance
Page 5
                                                 FINANCIALS
                                         • REV CAGR: 2018-2023: 14%


              • Established 1968                                      55+ Years of Knowledge & Experience
           • Driven By Core Values                                         • Local & Market Knowledge
   • 1ˢᵗ TIC Indonesian Company to Tbk                                           • Mitigating Risks
               • Market Leader                                         • Technical & Non-Technical Issues
                                                                              • Customized Solutions




            Team                                                                        Labs & Offices
• Competent & Professional                                                           • 20 Branch Offices
   • 1021 Team Members                                                                • 17 Laboratories
     • Internal Audited




                     Accreditation
              • TIC Council Membership                                       Products & Deliverables
               • ISO & KAN Accredited                                        • Certificates & Reports
                                                                                 • Data Analysis
Page 6
                      FLORA REGIAN              GUSMARDI BUSTAMI
                     President Commissioner     Independent Commissioner




SHEILA TIWAN         TIMOTIUS TJAHJANA        ERWIN MANURUNG               HAROLD LOEVY
President Director            Director             Director                   Advisor
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             Highlights   Business Strategy   Operation   Financial Highlights




Milestones
Page 8
                      Highlights    Business Strategy    Operation   Financial Highlights




Our Shareholders




                                            29,48%
                   49,77%                         Flora Regian

                     Sheila Tiwan



                                          20,75%
                                             Public
Page 9
           Highlights   Business Strategy   Operation              Financial Highlights




Business
Strategy

                                                        © PT CARSURIN Tbk – 2024 – All Rights Reserved
Page 10
                                    Highlights        Business Strategy   Operation           Financial Highlights




Growth Opportunities




                         Green Economy                           Blue Economy            Energy Transition
     Climate Change Mitigation   EV Ecosystem
     Environmental Testing       Ni Ore Value Chain          Marine Infrastructure    Energy Efficiency Audit
     Carbon Footprint            EV Battery Testing          Maritime Transport       UAV Digital Transformation
     GHG Certification           Downstream Electrification Dangerous Goods           Biofuels, PKS, GGL
     Carbon Trading                                   Human Resource Development

      Services to Support Transforming the Economy Towards Resilient and Sustainable Economic Growth
Page 11
                                           Highlights      Business Strategy      Operation        Financial Highlights




Update on Growth Opportunities




          Climate Change Mitigation                                            Energy Transition

    GHG Certification: LVV & NEK Accreditation                 UAV Digital Transformation: key contracts (2) with Vale

                                                               UAV Digital Transformation: new products DJI Dock2, Flycart
                 EV Ecosystem
                                                               GGL: continued expansion R.I., Japan, Malaysia
    Ni Ore Value Chain: major clients extend contract
                                                               Petrochem: major tender success for LS import/export
    EV Battery Testing: NBRI Strategic Alliance

    EV Battery Testing: Launching Test Lab for 2-wheeler
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             Highlights   Business Strategy   Operation              Financial Highlights




Operation
Highlights

                                                          © PT CARSURIN Tbk – 2024 – All Rights Reserved
Page 13
                     Highlights   Business Strategy   Operation   Financial Highlights




Locations by Division & Branches
Page 14
                           Highlights   Business Strategy   Operation          Financial Highlights




   Branch Revitalisation




                           KENDARI                                      CIKARANG




SAMARINDA              PALEMBANG                                        PONTIANAK
Page 15
              Highlights   Business Strategy   Operation            Financial Highlights




 New Branch




JAMBI         MEDAN                                        GRESIK
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                                       Highlights           Business Strategy   Operation               Financial Highlights




On Progress
JAKARTA                             KABUPATEN BOGOR                                         KOLAKA
4 Ruko 4 Lantai, Luas: 1.525,6 m2   Luas Indoor: 636,4 m2                                   Luas: 4.400 m2
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             Highlights   Business Strategy   Operation              Financial Highlights




Financial
Highlights
                                                          © PT CARSURIN Tbk – 2024 – All Rights Reserved
Page 18
                                           Highlights             Business Strategy   Operation             Financial Highlights




Revenue – Service Type
                    SERVICE TYPE – ANNUALLY
                          (IDR BILLIONS)




600


                                                                                        Service Type    2023 ACTUAL     2024 FORECAST 2025 PROJECTION
500                                                                                      Inspection       361.01            350.52        425.70
                                                                                          Testing         49.86             46.65         64.88
                                                                                        Certification     10.67             31.92         54.91
400
                                                                                         Consulting        7.86             29.31         54.74
                                                                                       Product Sales      15.03             10.30         14.77
300                                                                                    Total Revenue       444.43           468.71        615.00



200



100



 0
      2023 ACTUAL          2024 FORECAST                2025 PROJECTION
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                                                     Highlights              Business Strategy   Operation      Financial Highlights




Profit & Loss
                             PROFITABILITY – ANNUALLY
                                    (IDR BILLIONS)


               2023 ACTUAL       2024 FORECAST                    2025 PROJECTION
                                                                        615.00
600




500                                468.71                                                                    2023 ACTUAL     2024 FORECAST 2025 PROJECTION
                                                                                                               444.43            468.71        615.00
                                                                                                               229.67            227.68        294.02
      444.43                                                                                                   54.39             55.73          99.24
400
                                                                                                               27.80             39.08          73.80
                                                                                                               75.24             81.37         117.47

300                                                                       294.02
                                      227.68
       229.67
200



                                                                       117.47
                                     81.37
100     75.24                                                             99.24
                                            55.73
       54.39                                                               73.80

  0    27.80                          39.08
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                                                     Highlights            Business Strategy   Operation       Financial Highlights




 Margin
                             MARGIN – ANNUALLY
                                (IN PERCENTAGE)

               2023 ACTUAL            2024 FORECAST               2025 PROJECTION



53%
      51.68%                               48.58%
                                                                         47.81%


43%                                                                                                        2023 ACTUAL     2024 FORECAST 2025 PROJECTION
                                                                                                             51.68%            48.58%        47.81%
                                                                                                             12.24%            11.89%        16.14%
33%                                                                                                           6.26%             8.34%        12.00%
                                                                                                             16.93%            17.36%        19.10%


23%
                                        17.36%                            19.10%
      16.93%
                                                                         16.14%
                                                   11.89%
13%
      12.24%
                                                                          12.00%

       6.26%                               8.34%
3%




-7%
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                                                                    Highlights                 Business Strategy    Operation      Financial Highlights




       Cash Flow
                        CASHFLOW – ANNUALLY
                              (IDR BILLIONS)


                2023 ACTUAL                        2024 FORECAST                         2025 PROJECTION



                     95.88
100                                            80.39                             79.24                79.24 73.95

                                                                                                                                2023 ACTUAL      2024 FORECAST 2025 PROJECTION
                                                              45.88                                                               22.40              80.39         79.24
                                                                        37.82                                                   (108.75)            (34.51)           -
 50
        22.40                                                                                                                     95.88              (8.06)        (5.29)
                                  9.53                                                                                           (86.35)             45.88         79.24
                                                                                         -                                        9.53               37.82         73.95
  0

                                                           (8.06)                            (5.29)

                                                 (34.51)
 -50




                        (86.35)
-100
          (108.75)



-150
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                                                                Highlights              Business Strategy    Operation     Financial Highlights




Financial Position
                                ASSET, LIABILITIES & EQUITY – ANNUALLY
                                             (IDR BILLIONS)

                2023 ACTUAL                         2024 FORECAST                       2025 PROJECTION




                                                                                                    340.21
350




300                                                                            275.28                                    2023 ACTUAL     2024 FORECAST 2025 PROJECTION
                                                                      255.42                                               129.74            141.35        275.28
                                                                                                                           176.31            199.39        101.04
                                213.06
250                                                                                                                         30.62             27.98         16.63
                                                199.39
                                                                                                                           62.36              57.34        19.48
200
               176.31                                                                                                      213.06            255.42        340.21

                                          141.35
150   129.74
                                                                                        101.04
                          62.36
100
                        30.62                                 57.34
                                                        27.98                                    19.48
50                                                                                          16.63


 0
Page 23
                                      Highlights            Business Strategy        Operation                Financial Highlights




Financial Ratio
                     ROE & ROA                                                                DEBT TO EQUITY RATIO

                                                                                 0.44 x


 50%
                                                                                                       0.33 x


                                                   21.69%

                          15.30%
                                               19.61%
         13.05%
                          11.47%
          9.08%                                                                                                                0.11 x




  5%
       2023 ACTUAL    2024 FORECAST      2025 PROJECTION                        2023 ACTUAL
 ROE      13.05%          15.30%              21.69%                                               2024 FORECAST

 ROA       9.08%          11.47%              19.61%                                                                     2025 PROJECTION

                                                                                 2023 ACTUAL            2024 FORECAST                2025 PROJECTION
                                                                        DER         0.44 x                   0.33 x                        0.11 x
Page 24
Thank
You
        © PT CARSURIN Tbk – 2024 – All Rights Reserved

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