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ANNUAL PUBLIC EXPOSE - 2024
PT LOTTE CHEMICAL TITAN Tbk
Jakarta, 28 Juni / June 2024
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MATA ACARA
AGENDA
PROFIL SINGKAT
BRIEF PROFILE
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS 2
TELAAHAN KINERJA
PERFORMANCE REVIEW
KEBIJAKAN STRATEGI
POLICY & STRATEGY
SESI TANYA JAWAB
Q & A SECTION
2
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PROFIL SINGKAT
BRIEF PROFILE
1987 1990 2002 2006
Perusahaan didirikan dengan nama PT Perusahaan beroperasi komersial Pencatatan saham Perusahaan pada Meraih Sertifikat ISO 9001:2000 atas
Indofatra Plastik Industri dengan dengan kapasitas produksi terpasang Bursa Efek Indonesia. terpenuhinya Standar Sistem
bidang usaha industri plastik. 8.000 metrik ton per tahun. Manajemen Mutu.
Listing of Company’s shares on the
The Company was established under The Company operates commercially Indonesia Stock Exchange. Achieved ISO 9001:2000 on
the name of PT Indofatra Plastik with installed production capacity of Certificate for Quality Management
Industri and engaged in the plastic 8.000 metric tons (MT) per annum. System Standards.
industry.
2010 2008 2007
Perluasan bidang usaha dari produksi menjadi perdagangan besar Perusahaan melakukan Penawaran Umum Terbatas I - Peningkatan jumlah kapasitas
(distributor utama) dan impor produk BOPP Film. Serta perusahaan Penerbitan Hak Memesan Efek Terlebih Dahulu untuk terpasang menjadi 38.000 metrik ton
melaksanakan proses penawaran tender atas saham Perusahaan mengakuisisi 3 Chemical Brothers Limited yang secara per tahun.
yang dimiliki oleh publik dengan harga Rp. 132 sehubungan dengan langsung dan tidak langsung memiliki 100% saham PT
masuknya Grup Lotte Chemical. Lotte Chemical Titan Nusantara. Increase in total installed capacity to
38.000 MT per annum.
Expansion of business line from production to wholesale trading The Company performed Limited Public Offering I -
(main distributorship) and importation of BOPP Film products. And Issuance of Pre-emptive Rights to acquire Chemical
the Company performed a tender offering of Company's shares Brothers Limited which directly and indirectly owns 100% of
owned by public at a price of IDR 132 in relation with acquisition by PT Lotte Chemical Titan Nusantara’s shares.
Lotte Chemical Group.
2012 2013 2021 2023
Penambahan jenis produk impor dan Perubahan nama Perusahaan menjadi PT Dalam rangka perampingan struktur Melakukan aktivitas Turnaround yaitu
distribusi antara lain Polietilena, Lotte Chemical Titan Tbk dan mulai Grup Perusahaan, Perusahaan saat ini proses inspeksi, perbaikan dan
Polipropilena, dan Etilena. melakukan kegiatan impor dan distribusi memiliki secara langsung saham LCTN pemeliharaan menyeluruh atas semua
produk Polietilena dan Polipropilena. sebesar 99,85% (dilakukan di 2020). fasilitas pabrik.
The addition of import and distributed
product include Polyethylene, The Company changed its name to be PT With the Group Company structure Conduct Turnaround activity, which is
Polypropylene, and Ethylene. Lotte Chemical Titan Tbk and starts streamlining, the Company currently comprehensive inspection, repair and
importing and distribution of Polyethylene owns directly 99,85% shares of LCTN maintenance process to all plant facilities.
and Polypropylene products. (done in 2020).
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PROFILE SINGKAT MANAJEMEN PERSEROAN
BRIEF PROFILE COMPANY MANAGEMENT
Dewan Komisaris Direksi
Board of Commissioners Board of Directors
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PARK HYUN CHUL JANG SEON PYO
KOMISARIS UTAMA DIREKTUR UTAMA
PRESIDENT COMMISSIONERS PRESIDENT DIRECTOR
RUDI REPELITA CALVIN WIRYAPRANATA
DIREKTUR DIREKTUR
DIRECTOR DIRECTOR
HENDANG TANUSDJAJA
KOMISARIS INDEPENDEN
INDEPENDENT COMMISSIONERS
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KEPEMILIKAN SAHAM
SHARE OWNERSHIP
LC
25,31%
LCC
75,86%
LCTH LC : Lotte Corporation
LCC : Lotte Chemical Corporation
LCTH : Lotte Chemical Titan Holding Berhad
100,00% LCTISB : Lotte Chemical Titan International Sdn. Bhd
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LCTTBK : PT Lotte Chemical Titan Tbk
LCTN : PT Lotte Chemical Titan Nusantara
LCTISB
92,50%
7,50%
PUBLIC LCTTBK
0,15%
99,85%
LCTN
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MATA ACARA
AGENDA
PROFIL SINGKAT
BRIEF PROFILE
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS 6
TELAAHAN KINERJA
PERFORMANCE REVIEW
KEBIJAKAN STRATEGI
POLICY & STRATEGY
SESI TANYA JAWAB
Q & A SECTION
6
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IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS
Laporan Laba Rugi | Statement of Profit (Loss) Dalam Jutaan USD / In Million USD
2023 2022
2023 2022 2021 VS VS
2022 2021
Pendapatan Bersih 376,2 473,9 412,1 (21%) 15% Net Revenue
Beban Pokok Penjualan 369,8 459,4 388,5 (20%) 18% Cost of Goods Sold
Laba Kotor 6,4 14,5 23,6 (56%) (39%) Gross Profit
Beban Operasional 11,7 12,2 14,3 (4,2%) (15%) Operational Expense
Laba (Rugi) Usaha (5,2) 2,3 9,2 (325%) (75%) Operating Profit (Loss)
Laba (Rugi) Sebelum Pajak (1,1) 3,1 7 12,2 (136%) (74%) Profit (Loss) Before Tax
Laba (Rugi) Bersih (0,4) 2,9 9,6 (114%) (70%) Net Income Loss
EBITDA 0,1 7,5 20,1 (99%) (63%) EBITDA
Laba (Rugi) Bersih Per 1.000 Lembar Net Income (Loss) Per 1.000
Saham – Satuan Penuh
(0,1) 0,5 1,7 (114%) (70%) Shares – Full Amount
Laporan Jumlah Saham | Statement of Number of Shares
2023 2022 2021
Pemegang Saham
Shareholders Jumlah Saham Kepemilikan Jumlah Saham Kepemilikan Jumlah Saham Kepemilikan
Number of Shares Ownership Number of Shares Ownership Number of Shares Ownership
LCTISB 5.148.902.750 92,5% 5.148.902.750 92,5% 5.148.902.750 92,5%
PUBLIC
(< 5% OWNERSHIP EACH)
417.511.250 7,5% 417.511.250 7,5% 417.511.250 7,5%
TOTAL 5.566.414.000 100,0% 5.566.414.000 100,0% 5.566.414.000 100,0%
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IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS
Laporan Posisi Keuangan | Statement of Financial Position Dalam Jutaan USD / In Million USD
2023 2022
2023 2022 2021 VS VS
2022 2021
Aset Lancar 94,7 119,3 117,2 (21%) 1,8% Current Assets
Jumlah Aset 182,7 192,2 183,0 (5,0%) 5,0% Total Assets
Liabilitas Lancar 69,7 78,8 70,9 (12%) 11% Current Liabilities
Jumlah Liabilitas 75,7 84,7 78,4 (11%) 8,1% Total Liabilities
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Ekuitas 106,9 107,5 104,6 (0,5%) 2,7% Equity
Laporan Rasio Keuangan | Statement of Financial Ratio
2023 2022
2023 2022 2021 VS VS
2022 2021
Rasio Lancar 136% 151% 165% (15%) (14%) Current Ratio
Liabilitas Terhadap Aset 41% 44% 43% (2,7%) 1,3% Debt To Assets
Laba (Rugi) Bersih Terhadap Aset (0,2%) 1,5% 5,2% (1,7%) (3,7%) Return On Assets
Laba (Rugi) Bersih Terhadap Ekuitas (0,4%) 2,7 % 9,1% (3,1%) (6,4%) Return On Equity
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MATA ACARA
AGENDA
PROFIL SINGKAT
BRIEF PROFILE
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS 9
TELAAHAN KINERJA
PERFORMANCE REVIEW
KEBIJAKAN STRATEGI
POLICY & STRATEGY
SESI TANYA JAWAB
Q & A SECTION
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TELAAHAN KINERJA
PERFORMANCE REVIEW
2023 2022
2023 2022 2021 VS VS
2022 2021
Volume Produksi (KMT) 331 361 320 (8,4%) 13% Production Volume (KMT)
Volume Penjualan (KMT) 345 366 328 (5,7%) 12% Sales Volume (KMT)
Margin Spread (USD/MT) 142 164 201 (13%) (18%) Margin Spread (USD/MT)
Biaya Konversi (USD/MT) 129 126 10
149 2,4% (15%) Conversion Cost (USD/MT)
400 (KMT) (USD/MT) Definisi | Definition
361 366
345 MARGIN SPREAD
350 331 328
320 Selisih antara harga jual dengan biaya bahan baku utama
(feedstock).
300 The difference between selling price and feedstock.
250 BIAYA KONVERSI | CONVERSION COST
Total biaya produksi, selain dari biaya bahan baku utama.
201
200 Total production costs, exclude feedstock cost.
164
142 149 Bahan Baku Utama | Feedstock
150
126 129 Ethylene, Butene, Hexene.
100
50
-
Production Volume Sales Volume Margin Spread Conversion Cost
2021 2022 2023 10
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TELAAHAN KINERJA
PERFORMANCE REVIEW
PENDAPATAN | REVENUE
Pendapatan menurun sebesar 21,0% dibandingkan (Jutaan/Million USD)
tahun 2022.
Faktor utama disebabkan oleh volume penjualan
dan harga rata-rata penjualan untuk produk yang 473,9
diproduksi sendiri mengalami penurunan selama
2023 masing-masing sebesar 5,7% dan 15,8%. 412,1
376,2
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Revenue decrease by 21,0% compared to 2022.
The main factors were due to sales volume and
average selling price for own product decrease by
5,7% and 15,8% during 2022.
2021 2022 2023
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TELAAHAN KINERJA
PERFORMANCE REVIEW
PROFITABILITAS | PROFITABILITY
Laba Usaha mengalami penurunan sebesar 325% pada tahun 2023
(Jutaan/Million USD)
dibandingkan 2022. Hal ini terutama disebabkan oleh penurunan signifikan
rata-rata margin spread antara harga jual polyethylene (PE) dan bahan
baku utama sebesar USD 22 per metrik ton (USD 142 per metrik ton vs
USD 164 per metrik ton) 9,6
9,2
Faktor penyebabnya antara lain:
• Penurunan permintaan akibat perlambatan ekonomi global disertai inflasi
yang tinggi menyebabkan pasar PE tertekan.
• Tambahan pasokan produk petrokimia dari pabrik baru
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di regional yang
semakin memperketat kompetisi.
• Peningkatan harga bahan baku Ethylene akibat permintaan yang
melonjak dari produsen polimer regional.
2,9
2,3
Operating Profit decreased by 325% during 2023 compared to 2022. This
was mainly contributed by significant decrease in the average margin
spread between polyethylene (PE) selling price and feedstocks by
USD 22 per metric tons (USD 142 per metric tons vs USD 164 per metric 2021 2022 2023-0,4
tons).
The root cause are as follows:
- Decreasing demand due to global economic slowdown accompanied by
higher inflation that put some pressure on PE market.
- Additional supply of petrochemical products from the new plant on the
region that tighten the competition. -5,2
- Soaring price of Ethylene due to rapidly increasing demand from regional Operating Profit ( Loss)
polymer producers. Net Income (Loss)
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TELAAHAN KINERJA
PERFORMANCE REVIEW
PRODUKSI | PRODUCTION
Kelompok Usaha mampu menjaga capaian produksi (KMT)
tahunan diatas 300 KT.
Dengan performa perusahaan yang baik, konsistensi
capaian produksi dapat selalu dipertahankan. Pada
361
kuartal ke-3 2023, perusahaan juga melakukan
Turnaround (penghentian total operasional pabrik) 329 331
320
untuk mengoptimalkan kinerja operasi/produksi dengan
melakukan inspeksi menyeluruh, perbaikan dan 291
penggantian terjadwal pada beberapa peralatan dan
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sistem operasi sehingga diharapkan mampu berproduksi
secara maksimal.
The Group managed to maintain annual production
above 300 KT.
With good plant performance, production consistency
achievement could always be maintained. In the 3 rd
quarter of 2023, company conducted a Turnaround (full
shutdown to all plant operation) to optimize the
operational/production performance by executing
comprehensive inspection, repair and planned
replacement to some equipment and operating systems,
aiming to achieve maximum production capacity. 2019 2020 2021 2022 2023
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TELAAHAN KINERJA
PERFORMANCE REVIEW
OPE RABILITAS | OPERABILITY
Perusah a an mencapai operabilitas * ) ( be rdas a rk an jam (%)
beroperasi ) diatas 80% .
Penurunan d ari tahun sebelumnya d ise bab k an o le h 92,5%
90,7% 91,4%
perusah a an melak uk an Turn aro und se lama 1 bula n
pada kuartal ke-3 2023. 82,9%
80,0%
Catatan *) :
Perse ntase wa ktu operasion al dima na pab
14 rik d ap at
beke rja normal sela ma ta hun be rjalan (se te la h
dikurangi waktu shutdown ).
Company managed to achieved operability*) (based
on running hours) above 80%.
The decrease from the previous year was due to a
one-month Turnaround conducted by the company In
the 3 rd quarter of 2023.
Notes *) :
Percentage of operational time that the plant can
operate normally during the year (net of with
shutdown time).
2019 2020 2021 2022 2023
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TELAAHAN KINERJA
PERFORMANCE REVIEW
KOMPOSISI ON-SPEC | ON-SPEC PORTION
Perusahaan mampu menjaga capaian kualitas produk
(%)
diatas 98% selama 5 tahun berturut-turut walaupun
di tahun 2023 mengalami sedikit penurunan akibat
dari start-up produksi setelah Turnaround .
99,5% 98,8% 99,3% 99,2% 98,1%
Perusahaan mengutamakan kualitas produk guna
menjaga brand image yang baik dan kepuasan
pelanggan.
15
Company managed to maintain product quality above
98% in 5 consecutive years, although in 2023, there
was slightly decrease due to production start-up
after the Turnaround.
Company takes product quality as the highest
concern in order to maintain good brand image and
customer satisfaction.
2019 2020 2021 2022 2023
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TELAAHAN KINERJA
PERFORMANCE REVIEW
NILAI DAN VOLUME PENJUALAN | SALES AMOUNT AND QUANTITY
2023 2022 2021
Qty Qty
USD USD USD 2023 VS 2022 2022 VS 2022
KT % KT % KT %
Million Million Million
Domestik | Domestic 348 319 93% 435 336 92% 366 291 89% (5,0%) 16%
Ekspor | Export 27 25 7% 38 29 8% 45 36 11% (14%) (20%)
Jumlah | Total 375 344 100% 473 365 100% 411 327 100% (5,7%) 12%
* TIDAK TERMASUK PENJUALAN SCRAP DAN PENDAPATAN KOMISI | EXCLUDE SALES OF SCRAP AND COMMISSION INCOME
Ringkasan Penjualan 16
Pada tahun 2023 kelompok usaha mencatat volume penjualan yang lebih rendah dibandingkan tahun
sebelumnya. Hal ini disebabkan karena adanya dinamika di pasar (tingkat permintaan dan penawaran),
ditambah dengan kegiatan Turnaround pada kuartal ke-3 2023 yang menghentikan proses produksi. Kelompok
usaha, dalam keterbatasan yang dialami, tetap berusaha mempertahankan pangsa pasar dengan
memaksimalkan penjualan terutama di pasar domestik. Serta kelompok usaha tetap berkomitmen untuk
memberikan produk dan pelayanan terbaik kepada pelanggan.
Sales Summary
In 2023, the group experienced a decrease in sales volumes compared to the previous year. This was due to
market fluctuation (supply and demand), amplified by turnaround process in the 3 rd Quarter of 2023, which
temporarily stop the production. Despite these challenges, the group remained focused on maintaining its
market presence by maximizing sales, particularly in the domestic market. And also the group remained
dedicated to delivering high-quality products and services to its customers.
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MATA ACARA
AGENDA
PROFIL SINGKAT
BRIEF PROFILE
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS 17
TELAAHAN KINERJA
PERFORMANCE REVIEW
KEBIJAKAN STRATEGI
POLICY & STRATEGY
SESI TANYA JAWAB
Q & A SECTION
17
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STRATEGI BISNIS
BUSINESS STRATEGY
MANUFACTURING FINANCIAL
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COMMERCIAL
Biaya Produksi lebih terkontrol Efisiensi Biaya Mengoptimalkan pendapatan
Controllable manufacturing cost Cost Efficiency Penjualan
To optimize sales revenue
Meningkatkan efisiensi proses Efektivitas Kepatuhan
Increase process efficiency Compliance Effectiveness Meningkatkan konsistensi
persediaan
Operasi pabrik yang stabil dan aman Memperkuat Kontrol Aset To improve supply consistency
Sable and safe plant operation Strengthen Assets Control
Harga yang bersaing
Price competitiveness
Meningkatkan pangsa pasar
To increase market share
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KEBIJAKAN MANAJEMEN
MANAGEMENT POLICY
19
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FOKUS TERKAIT ESG
CONCERN TOWARDS ESG
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P EOP LE E DUCATION A ID COMMUNITY E NVIRONME N T
Kelompok Usaha memiliki tujuan untuk menciptakan keharmonisan di antara
stakeholders dan juga sebagai bentuk tanggung jawab untuk senantiasa menjaga dan
meningkatkan kualitas Ekonomi, Sosial, dan Lingkungan yang kami wujudkan dalam 5
Pilar Utama ESG (Environment, Social, Governance) dengan program P.E.A.C.E
The Group has a goal to create harmony among stakeholders as a form of responsibility
to always maintain and improve the quality of the Economy, Social and Environment
which we embody in the 5 Main Pillars of ESG with the P.E.A.C.E program
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FOKUS TERKAIT ESG
CONCERN TOWARDS ESG
• Berkontribusi pada sejumlah program yang mendukung
masyarakat seperti bantuan CATOR untuk pengangkutan
sampah domestik.
• Contributes to a number of programs that support the
community such as Donate Three Wheel Vehicle for
Accommodation Domestic Garbage.
• Menyediakan makanan tambahan untuk Ibu Hamil risiko
tinggi yang bekerja sama dengan Puskesmas Gerogol.
• Provide additional food for
21
high risk pregnant woman, in
collaboration with the Gerogol Health Center.
• Memberikan bantuan alat sekolah kepada anak yatim
piatu, Menyediakan bahan bangunan untuk sekolah,
Memberikan komputer layak pakai dan memberikan
beasiswa untuk anak kurang mampu yang
berprestasi.
• Provide stationaries for orphan, Provide material for
school, donation ex used computer and scholarship
for smart underprivileged children.
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FOKUS TERKAIT ESG
CONCERN TOWARDS ESG
• Memberikan bantuan Pipa untuk pengeboran sumur
di Desa Gerem.
• Donation PVC Pipe for water drilling in Gerem
Village.
• Kelompok Usaha memberikan kontribusi untuk
peningkatan taraf hidup dan kesejahteraan
masyarakat melalui kegiatan donasi berupa
sembako dan keperluan rumah
22 tangga.
• The Group contributes to improving the standard of
living and welfare of the community through
donation activities in the form of groceries and
household needs.
• Memasang instalasi Solar Photovoltaic (PV) untuk
menurunkan emisi karbon.
• Installed a Solar Photovoltaic system to reduce
carbon emissions.
• Mengkonversi pengunaan forklift bertenaga LPG
menjadi elektrik.
• Converted forklifts from LPG-driven to electric.
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MATA ACARA
AGENDA
PROFIL SINGKAT
BRIEF PROFILE
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS 23
TELAAHAN KINERJA
PERFORMANCE REVIEW
KEBIJAKAN STRATEGI
POLICY & STRATEGY
SESI TANYA JAWAB
Q & A SECTION
23
Page 24
TERIMA KASIH
THANK YOU
24
Names mentioned 19 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Indonesia Stock Exchange
p.3
unresolved
org
PT Indofatra Plastik
p.3
unresolved
org
Chemical Brothers Limited
p.3
unresolved
org
Brothers Limited
p.3
unresolved
org
PT Lotte Chemical Titan Nusantara’s
p.3
unresolved
org
Lotte Corporation
p.5
unresolved
org
Lotte Chemical Corporation
p.5
unresolved
org
Lotte Chemical Titan International Sdn. Bhd
p.5
unresolved
org
PT Lotte Chemical Titan Nusantara LCTISB
p.5
unresolved
—
LCTISB
p.7
unresolved
person
Hamil
p.21
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